Document:

EX-10.19

 Exhibit 10.19 

LoanDepot.com 
 EMPLOYMENT AGREEMENT

  

					
	NAME:	 	 Peter Macdonald

			
	ADDRESS:	 	 ###########
	 	, Apt             ,

							
				
	City	 	 ######
	 	State ##	  	ZIP #####
	
	  

 This Employment Agreement (the “Agreement”) dated this 1st
day of Sept, 2009, (“Effective Date”) by and between LoanDepot.com (the “Company”) having its principal office located at 2601 Main Street, Suite 450, Irvine, CA 92614 and (the “Employee”) identified above and residing
at the address listed above. 
 It is hereby agreed that for good consideration, the Company employs the Employee on the following terms &
conditions: 
 1.0 Terms and Conditions; Employee at Will; Compensation 

1.1 Terms and Conditions 

The basic terms and conditions of your employment are as set out in this Employment Agreement and Employee Manual, as is hereby incorporated by
reference. The Terms of this Agreement will commence on the Effective Date and continue through the date the Employee’s employment with the Company ceases. Important terms and relevant information is contained in the Employee Manual such as
vacation allowances (if at all), dress code, privacy expectations, and conduct expectations, etc. Your acceptance of this position and your commencement of work further bind you to these terms and the Employee Manual as conditions of employment.

 1.2 Employment at Will 

Employee acknowledges that employment with the Company is on an “at-will” basis, and either the Company or Employee may terminate
employment at any time, with or without cause. Employee further warrants and agrees that the only written amendments to this provision, signed by the CEO of LoanDepot.com will be relied upon during the term of the employment. 

1.3 Compensation 

1.3(a) The Company agrees to pay Employee compensation in accordance with Exhibit “A” attached hereto. Employee warrants and
agrees that no promises have been made for any other compensation other than that described in Exhibit A. This compensation may be amended on a periodic basis for inclusion of special bonus plans applicable to a designated staff group. 

  

			
	Employee’s Initials:	 	

		 	  

  

1 

 1.3(b) Further, compensation may be amended on a periodic basis and not retroactive basis
depending on business needs. Employee has the right to forfeit amendments to compensation and exercise a termination of employment. Employee accepts amendment to compensation by continuing employment and accepting compensation according to new
terms. 
 1.3(c) The Company and Employee hereby agree that Employee shall be paid only for actual services performed. Neither will
Employee give or receive, directly or indirectly, any rebate, thing of value or like payment, to or from any Employee or potential Employee, or any other person, for referral of the financial services transaction or any other settlement service.

 1.4 Working Hours 

1.4(a) Your working hours are designated by your position. You may required to work such additional hours as may be necessary or
appropriate from time to time to enable you to carry out your duties properly 
 1.4(b) LoanDepot.com reserves the right, if it
reasonably requires, increasing, reducing and/or otherwise varying or altering your hours or times of work. 
 1.4
(c) LoanDepot.com requires Employee to obtain written permission from Employee’s supervisor prior to working overtime. Section 1.4(c) does not apply if Exhibit A expressly states that Employee is eligible to work overtime.

 1.5 Best Efforts 

During the term of this Agreement, the Employee shall devote his or her best efforts to the performance of his or her duties under this
Agreement and to advance the interests of the Company. In doing so, he or she shall avoid any actual or apparent conflicts of interest and shall not directly or indirectly engage in any business which may compete with the Company, nor shall Employee
have any ownership interest in any such competing business, without full disclosure and the written consent of the Company. 
 2.0 Compliance with
Laws and Company Policies 
 2.1 Federal Laws and State Laws 

Employee agrees to comply with all State and Federal laws in effect governing the origination of residential mortgage financial transactions,
or other financial services products then being transacted, including rules associated to RESPA, TILA, and ECOA. Further, Employee agrees to refrain from any dishonest or deceptive practices of any kind. 

2.2 Company’s Policies 

2.2(a) Employee acknowledges that it is the Company’s expressly stated policy not to designate any neighborhood areas as being
acceptable or unacceptable also known as “Red-Lining”. 

  

			
	Employee’s Initials:	 	

		 	  

  

2 

 2.2(b) Further, the Employee acknowledges that it is the Company’s policy not to
discriminate against any individual because of race, color, national origin, religion or creed, sex, marital status, familial status, handicap or disability, age (provided the applicant has the capacity to enter into a contract), the fact that all
or part of the applicant’s income may be derived from a public assistance program, or the fact that the applicant has in good faith exercised any right under the Consumer Protection Act. 

2.2(c) Employee shall not use the Company’s name in any advertising, disclosure, publication, or otherwise without the prior
consent of the Company. 
 3.0 Confidentiality 

3.1 Confidential Information 

“Confidential Information” means all of the Company’s proprietary and/or confidential information, technical data, trade secrets
or know-how, including, but not limited to, farming and telemarketing leads (as defined in section 3.2), all training materials, research, product plans, products, services, strategies, customer lists and customers (including, but not limited to,
customers of Company on whom Employee called or with whom Employee became familiar during the term of this Agreement), markets, software, developments, inventions, processes, formulas, technology, designs, drawings, engineering, hardware
configuration information, marketing, financial or other business information on computer diskettes, information electronically stored on computer hard press, data bases, or other information developed or obtained by the Company which are not
generally known to the public for the benefit of any person other than the Company. 
 3.2 Leads 

3.2(a) The procurement process for all financial transactions originated by the Company is the result of the research, development,
marketing and resources of the Company. The Company pays for the leads, assumes the risks for the financial transactions, and retains exclusive proprietary interest until the financial transactions are completed. Consumers have been pre-qualified as
to credit and property value and pre-screened as to debt ratio and interest which means the potential Consumers are more likely to obtain a loan than traditional leads. 

3.2(b) The Company provides all of the leads for its Employees. The Employees are paid to contact Consumers, address issues as they
arise and manage financial transactions throughout the entire process until they are transacted. 
 3.2(c) If the Employee is
voluntarily or involuntarily terminated from the Company, the financial transactions that have not yet been transacted in his/her pipeline at the time of termination will be reassigned to another employee. A financial transaction is considered
“transacted” at the point of Origination and at Closing. An Origination is the submission by the client of the first payment under the contract and execution of the contract for Loan Modification services. A Closing constitutes the
issuance/receipt of the modification terms by the Investor/Servicer/Lender to the Client and receipt of final payment from Client. 

  

			
	Employee’s Initials:	 	

		 	  

  

3 

 Therefore, if Employee is terminated after obligating the Company to a transaction, the Company
must still process the transaction and satisfy all existing obligations to the Consumers and its investors. Consequently, Employee will not be paid on any outstanding transactions that have not transacted; or be eligible for the conversion threshold
at the time of termination. 
 3.3 Nondisclosure 

Employee hereby agrees that he/she will, at all times, keep confidential any Confidential Information that Employee may acquire, and that
Employee will not disclose, use or induce or assist in the use or disclosure of any Confidential Information without the Company’s prior express written consent, except as may be necessary in the ordinary course of transacting business on
behalf of the Company. 
 3.4 Property of the Employer 

Employee shall return all materials provided to him by the Company or any present, past or potential customer of the Company upon cessation of
his employment. 
 3.5 Nonsolicitation of Customers and Employees 

3.5(a) Customers Upon cessation of employment with the Company, Employee shall not for a period of two (2) years solicit
customers of the Company for refinancing or other financial transactions and Employee hereby also agrees to refer back all clients and business originated while at the Company to the Company. 

3.5(b) Employees Employee will not, in any way, (i) induce or attempt to induce any other Employee to resign his or her
employ with the Company; (ii) interfere with or disrupt the Company’s relationship with Employees, its vendors or customers; (iii) and/or solicit for employment for his own interest or that of any person or entity any person employed
by the Company. 
 4.0 Release Regarding Use of Photographs and Likeness 

During the term of this Agreement, Company may occasionally take photographs or otherwise record images of the Employee for promotional, training or other
business purposes. Employee gives to Company unrestricted permission to copyright, use, and/or publish photographic portraits, pictures, or videotape footage of Employee, and the negatives, transparencies, video, prints, or digital information
pertaining to them, in still, single, multiple, moving or video format, in which Employee may be included for any other lawful purpose. Employee hereby waives any right that Employee may have to inspect and approve the finished product, the use to
which it may be applied or to receive compensation in connection with the same. 
 5.0 Entire Agreement 

5.1 Sole Agreement 

This document contains the entire Agreement between the Company and Employee, and any other agreements, verbal or written, except any written
addendum as provided for in the remainder of this Section, are void and of no effect. Employee agrees that no other promises or inducements have been made to him except those set forth herein or attached hereto and incorporated herein by reference.
This Agreement cannot be modified or altered in any way except by a written addendum signed by the parties specifically referring to this Agreement and incorporating this Agreement by reference. 

  

			
	Employee’s Initials:	 	

		 	  

  

4 

 5.2 Prior Agreement 

This Agreement takes effect in substitution for all previous agreements, contracts and arrangements whether written or oral or implied between
Company and Employee relating to Employee’s employment, all of which contracts, agreements and arrangements shall be deemed to have been terminated by mutual consent as from the Effective Date. 

6.0 Severability 
 If any provision of this
Agreement is deemed invalid, illegal, or unenforceable, such provision will be severed and all other provisions of the Agreement which are not affected thereby will remain in full force and effect to the fullest extent permitted by State law. 

7.0 Applicable Law 
 This Agreement and any
amendments hereto shall be governed by and construed in accordance with the laws of the State of California. Any legal proceedings relating to this Agreement shall take place in Orange County, California or the United States District Court for the
Southern District of California. Such remedy shall not be in place of any other remedy available to the Company. In the event that an injunction is issued in favor of the Company, Employee will reimburse the Company for all legal fees and costs
incurred relating to the injunction. 
 8.0 Interpretation 

8.1 Paragraph Headings 

The paragraph headings of this Agreement are included for purposes of convenience only, and will not affect the construction or interpretation
of any of its provisions. 
 8.2 Waiver 

The Company’s failure to exercise any rights or privileges granted to it pursuant to this Agreement is not and shall not be
interpreted/construed as a waiver any such rights or privileges. 
 9.0 Dispute Resolution 

9.1 Any controversy or claim arising out of or relating to this Agreement, or the breach thereof (the “Disputes”) must be
settled by arbitration in Orange County, California in accordance with the rules of the American Arbitration Association (“AAA”) and judgment on the award rendered may be entered in any court of competent jurisdiction. THIS DISPUTE
RESOLUTION PARAGRAPH WILL APPLY TO ANY CLAIM BY EMPLOYEE UNDER FEDERAL OR STATE LAW, AND BOTH COMPANY AND EMPLOYEE HEREBY WAIVE THE RIGHT TO LITIGATE SUCH CLAIMS IN ANY FEDERAL OR STATE COURT. 

9.2 Neither Company nor Employee will be required to submit to arbitration the following categories of Disputes: (1) Any Disputes
that may not lawfully be the subject of a mandatory arbitration provision under State law (e.g., workers’ compensation claims); (2) Disputes in an amount subject to the jurisdiction of the state court with the lowest monetary
jurisdictional limit under State law (e.g., Small Claims Court) which are actually filed in such court of inferior jurisdiction; and (3) Disputes which seek injunctive relief for breach of Section 3.0 of this Agreement. 

  

			
	Employee’s Initials:	 	

		 	  

  

5 

 9.3 Arbitration will comply with and be governed by any mandatory provisions of State law
relating to arbitration proceedings, which are incorporated herein by reference. Unless prohibited by State law, discovery will be governed by and conducted in accordance with the FRCP. 

9.4 The initiating party, claimant, must file a Demand for Arbitration with the AAA. The respondent will then be given an opportunity to
respond and file a counterclaim. The AAA will then assign a case manager to the claim. The case manager will provide the Parties with a list of qualified arbitrators relevant to the type of dispute and the Parties’ geographic locale. The
Parties will then mutually select an arbitrator to hear and decide the case by striking and numbering names from the list until the arbitrator is selected. The arbitration proceeding will take place in Orange County, California. The arbitrators will
be entitled to award all types of relief that would otherwise be available to the parties in a court proceeding under State or Federal law. The arbitration award must be in a writing containing sufficient detail to reveal the essential findings and
conclusions on which the award is based and will be binding upon the parties. 
 9.5 Company and Employee will each appoint one person
to hear and determine the dispute and, if the two persons so selected are unable to agree, those two persons will select a third impartial arbitrator whose decision will be final and conclusive upon both parties. Each arbitrator must be a lawyer
with at least ten (10) years of experience in employment law matters. 
 9.6 The arbitration award must be in writing and contain
sufficient detail to reveal the essential findings and conclusions on which the award is based and will be binding upon the parties. 

9.7 The costs of arbitration will be borne equally by the parties. However, if State or Federal law expressly requires that Company, as
the employer, bear the entire cost of arbitration or other costs unique to arbitration for the particular controversy or claim which is the subject of the arbitration proceeding, Company will then pay the entire cost of arbitration and all such
other unique costs, if applicable. 
 9.8 Company and Employee will each bear its/his/her own attorneys’ fees in connection with
any arbitration proceeding hereunder. 
 THE EMPLOYEE ACKNOWLEDGES THAT EMPLOYMENT WITH THE COMPANY IS ON AN EMPLOYMENT AT WILL BASIS. THIS MEANS THAT
THE EMPLOYEE’S EMPLOYMENT WITH THE COMPANY CAN BE TERMINATED AT ANY TIME, WITH OR WITHOUT CAUSE OR ADVANCE NOTICE, AND ACCEPTANCE OF EMPLOYMENT IS NOT A CONTRACT OF EMPLOYMENT FOR ANY SPECIFIED TIME. EMPLOYEE IS SIMILARLY FREE TO TERMINATE
EMPLOYMENT WITH THE COMPANY AT ANY TIME FOR ANY REASON. THIS AT-WILL PROVISION MAY BE MODIFIED OR WAIVED ONLY IN A WRITTEN AGREEMENT SIGNED BOTH BY THE COMPANY’S PRESIDENT AND THE EMPLOYEE. 

The parties hereto have read and understand the terms of this Agreement and by signing below, hereby agree to all of its terms and conditions. 

 

					
	EMPLOYEE	 		 	
			
	

	 		 	9-1-9
	  
	 		 	  

	Signature of Employee	 		 	Date
			
	 Peter Macdonald
	 		 	
	Name of Employee	 		 	

  

			
	Employee’s Initials:	 	

		 	  

  

6EX-10.21

 Exhibit 10.21 

loanDepot.com, LLC 
 26642 Towne
Centre Drive 
 Foothill Ranch, CA 92610 

June 1, 2015 
 Mr. John C. Dorman 

[##############] 
 [##############] 

Re: Superseding Offer 
 Dear John: 

Reference is hereby made to the Director Offer Letter (the “Ineffective Offer Letter”), dated April 8, 2015, by and between
you and loanDepot.com, LLC (the “Company’’). The Ineffective Offer Letter by its express terms was subject to the approval of the Board of Directors of the Company (the “Company Board”). Because such approval
was not made by a written consent or a meeting of the Company Board, the Ineffective Offer Letter did not become effective. Due to a scrivener’s error in the Ineffective Offer Letter, the Company and you now wish to supersede, amend and restate
the terms of the Ineffective Offer Letter in their entirety as set forth below. This Superseding Offer Letter (this “Superseding Offer”) is effective for all purposes as of April 8, 2015 (the “Effective Date”). 

 

			
	Start Date and Term:	  	Commencing upon the Effective Date, you will act as an advisor to the Company in connection with an anticipated initial public offering by a Member or a parent of a Member of the Company (the “Offering”). In
addition, it is anticipated that following such an offering you will serve as a member of the Board of Directors (the “Board”) of the offering entity (the “Reporting Entity”) until the annual meeting for the year in
which your term expires or until your successor has been elected and qualified, subject however, to your prior death, resignation, retirement, disqualification or removal from office.
		
	Committees:	  	You acknowledge and agree that following the Offering you will be required to serve on one or more of the Audit Committee, Compensation Committee and/or Governance and Nominating Committee of the Board of the Reporting Entity,
and that such committee assignments will be as agreed between you and the Reporting Entity, and that you will be compensated for service on any committee as provided herein.
		
	Cash Compensation:	  	In consideration of your services as an advisor to the Company prior to

  
 - 1 - 

			
		  	the Offering, you will receive, commencing upon [May 11, 2015], a cash retainer equal to $50,000 on an annual basis, to be paid in arrears in equal quarterly installments for the time prior to the
Offering that you are engaged as an advisor to the Company. Following the Offering, you will receive a cash retainer equal to $50,000 on an annual basis in consideration of your services as a member of the Board of the Reporting Entity, to be paid
in arrears in equal quarterly installments for so long as you remain a member of the Board of the Reporting Entity.
		
		  	It is anticipated that you will serve as Chair of the Audit Committee of the Reporting Entity following the Offering. You will receive as consideration for these services a $20,000 annual cash retainer to be paid in arrears in
equal quarterly installments for so long as you remain the Chair of the Audit Committee.
		
		  	If you serve on the Audit Committee but do not serve as Chair of the Audit Committee, you will receive as consideration for these services a $10,000 annual cash retainer to be paid in arrears in equal quarterly installments for
so long as you remain member of the Audit Committee.
		
		  	If you serve as Chair of the Compensation Committee of the Reporting Entity, you will receive as consideration for these services a $15,000 annual cash retainer to be paid in arrears in equal quarterly installments for so long as
you remain the Chair of the Compensation Committee.
		
		  	If you serve on the Compensation Committees but do not serve as Chair of the Compensation Committee, you will receive as consideration for these services a $7,500 annual cash retainer to be paid in arrears in equal quarterly
installments for so long as you remain a member of the Compensation Committee.
		
		  	If you serve as Chair of the Governance and Nominating Committee of the Reporting Entity, you will receive as consideration for these services a $10,000 annual cash retainer to be paid in arrears in equal quarterly installments
for so long as you remain Chair of the Governance and Nominating Committee.
		
		  	If you serve on the Governance and Nominating Committees but do not serve as Chair of the Governance and Nominating Committee, you will receive as consideration for these services a $5,000 annual cash retainer to be paid in
arrears in equal quarterly installments for so long as you remain a member of the Governance and Nominating Committee.
		
		  	The amount of any cash retainer for any partial year will be based on the number of days of service in such year.

  
 - 2 - 

			
		
	 Equity Compensation

Grants:
	  	 As consideration for your services prior to the Offering, you will receive a one-time grant of 759,992.158 Class X Common Units of the
Company, to be subject to vesting and certain other restrictions as set forth in the Unit Grant Agreement, dated May 20, 2015, between you and the Company.
  

In connection with the Offering, if you are then serving on the Board of the Reporting Entity, you will receive, as consideration for your service as a
Director, a one-time equity grant of restricted stock units with an aggregate value of $100,000 (based on the offering price of the Reporting Entity’s common stock for the initial public offering), to be fully vested at the time of grant. This
grant shall be made following the Offering in accordance with the Reporting Entity’s applicable compensation program.
  

Following the Offering and to the extent you continue to serve on the Board of the Reporting Entity, you will receive, as consideration for your continuing
service and in accordance with the Reporting Entity’s applicable compensation program, an annual equity grant of restricted stock units with an aggregate value on an annual basis (as measured from the date you last received the more recent of
an annual equity grant or the one-time grant described in the paragraph immediately above) of $100,000 (based on the closing price of the Reporting Entity’s common stock on the grant date), to be fully vested at the time of grant and made
following the Reporting Entity’s annual stockholder meeting.

		
	 Stock Ownership Guidelines:
	  	 It is anticipated that, in order to promote long-term alignment of Directors’ and stockholders’ interests, you may be required to
hold a certain amount of common stock of the Reporting Entity. Any such amount will be determined by the Company Board (or if determined following the Offering, by the Board of the Reporting Entity), with your advice and participation.

		
	 Responsibilities:
	  	 As a Director of the Reporting Entity, your duties and responsibilities will be those reasonably and customarily associated with such
position, including, without limitation, attendance at all regular and special meetings of the Board of the Reporting Entity and, if you are a member of a committee of the Board of the Reporting Entity, attendance at all regular and special meetings
of such committee.

		
	 Expenses:
	  	 The Company will reimburse you for all reasonable, out-of-pocket costs and expenses incurred by you in connection with attending meetings of
the Board of the Reporting Entity and, if you are a member of a committee of the Board of the Reporting Entity, committee meetings.

  
 - 3 - 

			
	Confidentiality:	 	As a condition of this Superseding Offer, you will be required to preserve the proprietary and confidential information of the Company and the Reporting Entity and their affiliates and you must comply with the policies and
procedures of the Company and Reporting Entity, including entering into a nondisclosure agreement with each of the Company and the Reporting Entity.

 This Superseding Offer to serve as an advisor to the Company and a member of the Board of the Reporting Entity shall be at the
will of you and the Company and the Reporting Entity, as applicable, which means that this relationship can be terminated at any time by either party, or, upon the Offering, the Reporting Entity. You agree the Company and the Reporting Entity will
have the right to mention your name and other customary information in press releases and other business documentation as appropriate. 
 To accept this
Superseding Offer, please sign the acknowledgment at the end of this letter acknowledging and agreeing to the terms and conditions of your service as an advisor to the Company and a member of the Board of the Reporting Entity. 

[Signature Page Follows] 

  
 - 4 - 

 Please contact me with any questions regarding the foregoing. 

 

			
	Sincerely,
	
	loanDepot.com, LLC
		
	By:	 	 /s/ Anthony Hsieh

		 	Anthony Hsieh
		 	Chief Executive Officer and Director

  

	
	ACKNOWLEDGED AND AGREED TO BY:
	
	 /s/ John C. Dorman

	John C. Dorman

  
 - 5 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00250-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00250-of-00352.parquet"}]]