Exhibit 10.36
AMENDED AND RESTATED
EMPLOYMENT OFFER LETTER ADDENDUM
October 23, 2023
Matthew Fernand
Dear Matthew,
Reference is made to that certain offer letter between you and Seritage Growth Properties (the “Company”), dated May 15, 2015 (the “Offer Letter”), as amended by that certain Employment Offer Letter Addendum, dated March 15, 2022 (the “Original Addendum”). Capitalized terms that are not defined herein shall have the meanings assigned to such terms in the Offer Letter.
In recognition of the contributions that you have made, and which we expect you to continue to make, to the success of the Company, the Compensation Committee of the Board of Trustees of the Company has approved certain amendments to your Offer Letter and the Original Addendum, subject to all of the terms and conditions of this Amended and Restated Offer Letter Addendum (this “Addendum”), which terms shall (i) be deemed to be added to the terms of your Offer Letter and (ii) supersede the terms of the Original Addendum.
[Signature Page Follows]
We look forward to your continued contributions to the success of the Company. Please acknowledge your acceptance of the terms of this Addendum and return it to the Company as soon as possible.
Sincerely,
Seritage Growth Properties
By:
Name: Andrea Olshan
Title: CEO & President
Acknowledged and agreed:
Matthew Fernand
Date:
[Signature Page To Amended and Restated Employment Offer Letter Addendum]