Company: ADAMM
Filing Date: 2025-07-08
Form Type: 8-K
Source: 0001104659-25-066422
Chunk: 1

Company: ADAMAS TRUST, INC.
Filing Date: 2025-07-08
Form: 8-K
Item: Item 8.01
Chunk 1
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 1 and October
1 of each year, beginning on October 1, 2025, and are expected to mature October 1, 2030 (the “ Maturity Date”), unless earlier
redeemed. The Company may redeem the Notes in whole or in part at any time or from time to time at the Company’s option on or after
October 1, 2027, upon not less than 30 days nor more than 60 days written notice to holders prior to the redemption date, at a redemption
price equal to 100% of the outstanding principal amount of the Notes to be redeemed plus accrued and unpaid interest to, but excluding,
the redemption date, as described in greater detail in the Indenture (as defined below).

The Notes were issued under the indenture, dated
January 23, 2017 (the “ Base Indenture”), as supplemented by the fourth supplemental indenture, dated July 8, 2025 (the “ Fourth
Supplemental Indenture,” and together with the Base Indenture, the “ Indenture”), by and between the Company and U. S.
Bank Trust Company, National Association, as successor to U. S. Bank National Association, as trustee. The Notes are senior unsecured obligations
of the Company that rank senior in right of payment to any future indebtedness of the Company that is expressly subordinated in right
of payment to the Notes, equal in right of payment to the Company’s existing and future unsecured indebtedness that is not so subordinated,
including the Company’s 5.75% Senior Notes due 2026, 9.125% Senior Notes due 2029 and 9.125% Senior Notes due 2030, effectively
subordinated in right of payment to any of the Company’s existing and future secured indebtedness to the extent of the value of
the assets securing such indebtedness, and structurally subordinated to all existing and future indebtedness and other liabilities (including
trade payables) and (to the extent not held by the Company) preferred stock, if any, of the Company’s subsidiaries and of any entity
the Company accounts for using the equity method of accounting.

The Indenture contains customary events of default.
If there is an event of default under the Notes, the principal amount of the Notes, plus accrued and unpaid interest (including additional
interest, if any), may be declared immediately due and payable, subject to certain conditions set forth in the Ind