On January 14, 2019, Colony Capital, Inc. entered into employment agreements with each of Mark M. Hedstrom, the Company's Executive Vice President, Chief Financial Officer and Chief Operating Officer and Neale W. Redington, the Company's Managing Director and Chief Accounting Officer. Each of the agreements are in effect for an initial term of one year following January 1, 2019 (the “Effective Date”), subject to automatic renewals of additional successive one-year periods unless either party provides at least 180 days' advance notice of non-renewal.