Company: RWT-PA
Filing Date: 2025-03-03
Form Type: S-3ASR
Source: 0001104659-25-019828
Chunk: 97

Company: REDWOOD TRUST INC
Filing Date: 2025-03-03
Form: S-3ASR
Chunk 97
---
 that personal
benefit was improperly received, unless in either case a court orders indemnification, and then only for expenses. In addition, the MGCL
permits a corporation to advance reasonable expenses to a director or officer upon the corporation’s receipt of (a) a written affirmation
by the director or officer of his or her good faith belief that he or she has met the standard of conduct necessary for indemnification
by the corporation and (b) a written undertaking by him or her or on his or her behalf to repay the amount paid or reimbursed by the
corporation if it shall ultimately be determined that the standard of conduct was not met.

<div align='center'>II-1</div>

Item 16. Exhibits.

| Exhibit 
 Number  |     | Description                                                                                                                                |
| 1.1*    |     | Underwriting Agreement                                                                                                                     |
| 3.1.1   |     | Articles of Amendment and                                                                                                                  
 Restatement of the Registrant, effective July 6, 1994 (incorporated by reference to the Registrant’s Quarterly Report                      
 on Form 10-Q, Exhibit 3.1, filed on August 6, 2008) (File No. 001-13759)                                                                   |
| 3.1.2   |     | Articles Supplementary                                                                                                                     
 of the Registrant, effective August 10, 1994 (incorporated by reference to the Registrant’s Quarterly Report on Form 10-Q,                 
 Exhibit 3.1.1, filed on August 6, 2008) (File No. 001-13759)                                                                               |
| 3.1.3   |     | Articles Supplementary                                                                                                                     
 of the Registrant, effective August 11, 1995 (incorporated by reference to the Registrant’s Quarterly Report on Form 10-Q,                 
 Exhibit 3.1.2, filed on August 6, 2008) (File No. 001-13759)                                                                               |
| 3.1.4   |     | Articles Supplementary                                                                                                                     
 of the Registrant, effective August 9, 1996 (incorporated by reference to the Registrant’s Quarterly Report on Form 10-Q,                  
 Exhibit 3.1.3, filed on August 6, 2008) (File No. 001-13759)                                                                               |
| 3.1.5   |     | Certificate of Amendment