Company: RWT-PA
Filing Date: 2025-03-03
Form Type: S-3ASR
Source: 0001104659-25-019828
Chunk: 18

Company: REDWOOD TRUST INC
Filing Date: 2025-03-03
Form: S-3ASR
Chunk 18
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 us,
within 120 days after the end of our fiscal year, to furnish to the trustee a statement as to compliance with the indenture. If a Default
or Event of Default occurs and is continuing with respect to the securities of any series and if it is known to a responsible officer
of the trustee, the trustee shall send to each Securityholder of the securities of that series notice of a Default or Event of Default
within 90 days after the trustee becomes aware or, if later, after a responsible officer of the trustee has knowledge of such Default
or Event of Default. The indenture provides that the trustee may withhold notice to the holders of debt securities of any series of any
Default or Event of Default (except in payment on any debt securities of that series) with respect to debt securities of that series
if the trustee determines in good faith that withholding notice is in the interest of the holders of those debt securities.

Modification and Waiver

We and the trustee may modify,
amend or supplement the indenture or the debt securities of any series without the consent of any holder of any debt security:

| · | to                                           
 cure any ambiguity, defect or inconsistency; |

| · | to                                                                                       
 comply with covenants in the indenture described above under the heading “Consolidation, 
 Merger and Sale of Assets”;                                                              |

| · | to                                                                                           
 provide for uncertificated securities in addition to or in place of certificated securities; |

| · | to                                                                                        
 add guarantees with respect to debt securities of any series or secure debt securities of 
 any series;                                                                               |

| · | to                                                         
 surrender any of our rights or powers under the indenture; |

| · | to                                                                                          
 add covenants or events of default for the benefit of the holders of debt securities of any 
 series;                                                                                     |

| · | to                                                                  
 comply with the applicable procedures of the applicable depositary; |

| · | to                                                                                          
 make any change that does not adversely affect the rights of any holder of debt securities; |

| · | to                                                                                             
 provide for the issuance of and establish the form and terms and conditions of debt securities 
 of any series as permitted by the indenture;                                                   |

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| · | to                                                                                                 
 effect the appointment of a successor trustee with respect to the debt securities of any           
 series and to add to or change any of the provisions of the indenture to provide for or facilitate 
 administration by more than one