Document:

DEMAND
      PROMISSORY NOTE

     

    
      
        	
                $9,900.00

              	
                November
                  16, 2007

              

      

    

    

    FOR
      VALUE
      RECEIVED, Bethesda C0701, Inc., a corporation organized and existing under
      the
      laws of State of Nevada, with offices at 2519 McMullen Booth Road, Suite
      510-308, Clearwater, FL 33761 (the “Company”), promises to pay to the order of
      Bethesda Marketing Group, LLC, a limited liability company having an address
      at
      2519 McMullen Booth Road, Suite 510-308, Clearwater, FL 33761 (the "Holder"),
      the principal amount of NINE THOUSAND NINE HUNDRED Dollars ($9,900.00), together
      with interest incurred thereon at the rate of eight percent (8%) per annum.
      The
      entire unpaid principal and accrued interest thereon shall be immediately due
      and payable on demand by the Holder. Interest payable hereunder shall be
      calculated for actual days elapsed on the basis of a 360-day year. Any payments
      of amounts due hereunder shall be in such currency of the United States at
      the
      time of payment as shall be legal tender for the payment of public or private
      debts. 

    

    This
      Note
      shall be paid without deduction by reason of any set-off, defense or
      counterclaim of the Company. This Note may be repaid in whole or in part by
      the
      Company without penalty or premium at any time and from time to time. All
      payments received by the Holder hereunder will be applied first to costs of
      collection and fees, if any, then to interest, and the balance to principal.
      

    

    All
      payments shall be made at the address for the Holder set forth above, or at
      such
      other place as the Holder hereof may from time to time designate in writing.
      

    

    The
      undersigned waives presentment for payment, demand, protest and notice of
      protest and of non-payment.

    

    Any
      and
      all notices, requests, consents and demands required or permitted to be given
      hereunder shall be in writing, delivered to the addresses stated above. Either
      party may change by notice the address to which notices to it are to be
      addressed.

    

    Notwithstanding
      any other provision of this Note, interest under this Note shall not exceed
      the
      maximum rate permitted by law; and if any amount is paid under this Note as
      interest in excess of such maximum rate, then the amount so paid will not
      constitute interest but will constitute a prepayment on account of the principal
      amount of this Note.

    

    The
      Company agrees to pay on demand all expenses of collecting and enforcing this
      Note and any guarantee or collateral securing this Note, including, without
      limitation, expenses and fees of legal counsel, court costs and the cost of
      appellate proceedings.

    

    The
      failure or delay by the Holder in exercising any of its rights hereunder in
      any
      instance shall not constitute a waiver thereof in that or any other instance.
      The Holder may not waive any of its rights except by an instrument in writing
      signed by the Holder.

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    

    This
      Note
      shall be construed and enforced in accordance with, and the rights of the
      parties shall be governed by, the laws of the State of Nevada, without giving
      effect to the conflict of law provisions thereof.

    

    This
      Note
      may not be assigned, transferred or otherwise negotiated by the Holder without
      the prior written consent of the Company. 

    

    This
      Note
      may not be amended without the written approval of the holder.

    

    IN
      WITNESS WHEREOF, the Company has caused this Note to be signed on the date
      first
      set forth above.

    

      
        	
                BETHESDA
                  C0701, INC.

              	 
	 	 	 
	 	 	 
	
                By:

              	
                /s/
                  David McNamee

              	 
	
                Print
                  Name: David McNamee

              	 
	
                Title:
                  President

              	 

      

    

     

    
      
         

      

      
        2Exhibit
      10.1

    SECOND
      SUPPLEMENTAL AGREEMENT made this 17TH
      day of
      December 2007 by and between Lippert Components Manufacturing, Inc., a Delaware
      corporation (the “Company”) and Jason D. Lippert (The “Executive”).

    

    WHEREAS,
      on October 7, 2005, the Company and the Executive entered into an Executive
      Employment and Non-Competition Agreement, which was amended on June 26, 2006
      and
      supplemented on April 17, 2007 (as amended and supplemented, the “Agreement”);
      and

    

    WHEREAS,
      the Company and the Executive desire to further supplement the Agreement as
      set
      forth herein effective January 1, 2008, and agree that all capitalized terms
      and
      terms in quotes used herein shall have the meanings ascribed to them in the
      Agreement, except as otherwise provided herein.

    

    NOW,
      THEREFORE, in consideration of the mutual covenants and agreements herein
      contained, it is agreed as follows:

    

    
      	 	
              1.

            	
              Supplement
                to Agreement.

            

    

    

    1.1
      Subject to Section 6.3 of the Agreement, in addition to the Base Salary and
      Bonus provided in the Agreement, and notwithstanding anything to the contrary
      contained therein, the Executive shall be entitled to receive additional
      incentive compensation for 2008 in the amount of Two Hundred Forty Nine Thousand
      ($249,000) Dollars if the LCI Entities achieve a return on assets (“ROA”) for
      2008 of twenty four percent (24%) percent, which additional incentive
      compensation will increase at the pro-rata rate of Thirty Thousand ($30,000)
      Dollars per one (1%) percent increase in ROA in excess of 24% (the “ROA Bonus”);
      provided, however, that the aggregate Bonus and ROA Bonus for 2008 shall not
      exceed ten (10%) percent of the “operating profits of the LCI Entities” for
      2008. For purposes hereof “return on assets” shall mean the “operating profit of
      the LCI entities” for 2008 divided by the average “net assets” employed by the
      LCI Entities during 2008.

    

    1.2
      The
      term Bonus in Section 6.3 of the Agreement, shall mean the Bonus and the ROA
      Bonus, collectively.

     

    
      	 	
              2.

            	
              No
                Other Changes. 

            

    

    

    Except
      as
      set forth in this Supplemental Agreement, all terms, provisions, conditions
      and
      restrictions contained in the Agreement, shall remain in full force and
      effect.

    

    IN
      WITNESS WHEREOF, the Company and the Executive have executed this Second
      Supplemental Agreement effective as of the day and year first mentioned
      above.

    

    
      	 	
              Lippert
                Components Manufacturing, Inc.

            	 
	 	 	 	 
	 	
              By
                

            	   
	 
	 	 	
            	 
	 	 	 	 
	 	 	
              Jason
                D. LippertAMENDMENT
      TO EMPLOYMENT AGREEMENT

    

    THIS
      AMENDMENT TO EMPLOYMENT AGREEMENT
      (this “Agreement”), is entered into as of the 16th
      day of January 2008 by and between
      MARTIN S. HUGHES
      (the “Executive”) and
      REDWOOD TRUST, INC.
      , a Maryland Corporation (the “Company”).

    

    WHEREAS,
      the Executive and the Company have entered into an Employment Agreement dated
      as
      of June 1, 2005 (as subsequently amended, the “Employment Agreement”);
      and

    

    WHEREAS,
      the Executive and the Company desire to enter into this Agreement for purposes
      of amending the Employment Agreement to increase the Base Salary specified
      in
      the Employment Agreement, effective January 1, 2008;

    

    NOW,
      THEREFORE,
      for good and valuable consideration, the receipt and adequacy which is hereby
      acknowledged, the Executive and the Company hereby agree that Section 3(a)
      of
      the Employment Agreement is hereby amended to add the following sentence at
      the
      end of Section 3(a):  

    

    Effective
      January 1, 2008, the Base Salary shall be $500,000.

    

    IN
      WITNESS WHEREOF,
      the Company has caused this Agreement to be executed by its duly authorized
      officer, and the Executive has executed this Agreement, as of the date first
      above written.

     

    
      	
              REDWOOD
                TRUST, INC.

            
	
               

            	 
	 	 
	
              By:
                

            	
              /s/
                George E. Bull, III

            
	 	
              Name:
                George E. Bull, III

            
	 	
              Title:  
                Chief Executive Officer

            
	 	 
	 	 
	
               

            	 
	
              MARTIN
                S. HUGHES

            
	 	 
	
              /s/ 
                Martin S. HughesAMENDMENT
      TO EMPLOYMENT AGREEMENT

    

    THIS
      AMENDMENT TO EMPLOYMENT AGREEMENT
      (this “Agreement”), is entered into as of the 16th
      day of January 2008 by and between
      HAROLD F. ZAGUNIS
      (the “Executive”) and
      REDWOOD TRUST, INC.
      , a Maryland Corporation (the “Company”).

    

    WHEREAS,
      the Executive and the Company have entered into an Amended and Restated
      Employment Agreement dated as of February 22, 2005 (as subsequently amended,
      the
“Employment Agreement”); and

    

    WHEREAS,
      the Executive and the Company desire to enter into this Agreement for purposes
      of amending the Employment Agreement to increase the Base Salary specified
      in
      the Employment Agreement, effective January 1, 2008;

    

    NOW,
      THEREFORE,
      for good and valuable consideration, the receipt and adequacy which is hereby
      acknowledged, the Executive and the Company hereby agree that Section 3(a)
      of
      the Employment Agreement is hereby amended to add the following sentence at
      the
      end of Section 3(a):  

    

    Effective
      January 1, 2008, the Base Salary shall be $400,000.

    

    IN
      WITNESS WHEREOF,
      the Company has caused this Agreement to be executed by its duly authorized
      officer, and the Executive has executed this Agreement, as of the date first
      above written.

     

    
      	
              REDWOOD
                TRUST, INC.

            
	 	 
	
               

            	 
	
              By:
                

            	
              /s/
                George E. Bull, III

            
	 	
              Name:
                George E. Bull, III

            
	 	
              Title:   Chief
                Executive Officer

            
	 	 
	 	 
	
               

            	 
	
              HAROLD
                F. ZAGUNIS

            
	 	 
	 	 
	
              /s/ 
                Harold F. Zagunis

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00135-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00135-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00135-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00135-of-00352.parquet"}]]