Document:

EX-10.3

 Exhibit 10.3 

CONSULTING AGREEMENT 

This Consulting Agreement (the “Agreement”) is entered into as of June 20, 2022, and effective as of July 1, 2022,
by and between Finance of America Companies Inc., a Delaware corporation (the “Company”), and Patricia L. Cook, an individual (the “Consultant”). 

RECITALS 
 WHEREAS,
Consultant possesses certain skills, knowledge, and experience; 
 WHEREAS, Consultant is bound by certain other agreements and covenants
pursuant to the certain Restrictive Covenant Agreement executed by the Company and Consultant on June 20, 2022 (the “Restrictive Covenants”); 

WHEREAS, without waiver of the Restrictive Covenants, the Company desires to engage Consultant to perform certain services using such skills,
knowledge, and experience, and Consultant desires to be so engaged, as an independent contractor; and 
 WHEREAS, the Company and Consultant
desire to enter into the Agreement in order to set forth the terms and conditions under which Consultant will provide such services. 
 NOW,
THEREFORE, in consideration of the promises and mutual agreements herein contained, and for other good and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged, the Company and Consultant hereby agree as
follows: 
 AGREEMENT 

1. Consultant’s Services. Consultant shall be available and shall provide to the Company and/or its affiliates (together, the
“Company Group”) consulting services requested by a member of the Company Group from time to time and as more specifically set forth on Exhibit A hereto (“Consulting Services”). The Company agrees that
Consultant shall have ready access to the Company Group’s applicable staff and resources as necessary to perform the Consulting Services. 

2. Consideration. 
 a.
Monthly Rate. In consideration for the Consulting Services to be performed by Consultant under this Agreement during the Term as defined in Section 7 of this Agreement, and provided Consultant is in compliance with all Restrictive
Covenants, the Company will pay Consultant at a rate of $25,000/month (the “Monthly Payment”). Payment shall be made on the last day of each month, with the first payment due July 31, 2022. To the extent Company has notified
Consultant in writing that it believes in good faith Consultant has violated the terms of one or more of the Restrictive Covenants prior to any payment date, payment of the Monthly Payment may be suspended until the parties have received a final
resolution from an arbitrator that Consultant has not violated any Restrictive Covenants. 
 b. Expenses. The Company shall
reimburse Consultant for all out of pocket expenses to the extent (i) pre-approved by the Chief Executive Officer in writing (which may be provided via e-mail),
(ii) supported by receipts or other documentation, and (iii) incurred in connection with the provision of Consulting Services and in accordance with the Company’s Vendor Travel and Expense Policy provided to Consultant from time to time.

 3. Independent Contractor. Nothing herein shall be construed to create an employer-employee relationship between the Company (or
any other member of the Company Group) and Consultant. Consultant is an independent contractor and not an employee of the Company or any other member of the Company Group. The consideration set forth in Section 2 shall be the sole consideration
due Consultant for the Consulting Services rendered hereunder. It is understood that the Company will not withhold any amounts for payment of taxes from the compensation of Consultant hereunder. 

Consultant shall be responsible for providing any labor, materials, equipment, transportation, and facilities necessary or appropriate to
timely and properly complete the Consulting Services in accordance with the provisions of the Agreement. It is understood that the Company Group may, from time to time, provide certain materials to Consultant in order to perform the Consulting
Services, but that any such materials provided shall remain the property of the Company Group. All work product, including data, materials, documentation, computer programs, inventions, patents, ideas, discoveries, products, designs, business
methods, picture, audio, and all works of authorship created by 

 
Consultant while retained by Company and within the scope of Consultant’s retention by Company, whether or not developed during working hours, shall be considered work for hire by Consultant
and owned by Company. The parties understand and agree that, so long as Consultant performs the Consulting Services in accordance with the standards and other provisions set forth herein, Consultant shall control and direct the performance of the
Consulting Services and shall perform the Consulting Services in an independent, timely and professional manner. 
 Consultant represents
and warrants to the Company that it is qualified to perform the Consulting Services, and that it is under no obligation to any person, entity or corporation including but not limited to obligations of confidentiality, and has no other interest which
is inconsistent or in conflict with this Agreement, or which would in any way prevent, limit or impair the performance of the Consulting Services. Any information Consultant may supply Company or utilize with respect to performing the Consulting
Services will have been obtained by Consultant lawfully. 
 Consultant shall abide by Company’s standard workplace, safety and other
policies and procedures as Company deems appropriate. Consultant will treat all Company employees, customers, and other affiliates with respect and responsibility. 

Consultant shall not be empowered to and shall not enter into any agreement or incur any obligations on behalf of any member of the Company
Group, or commit any member of the Company Group in any manner, without the appropriate Company Group member’s prior written consent, and Consultant shall indemnify and hold the Company Group harmless from and against any and all expenses,
costs and damages that the Company Group may incur as a result of any breach, or alleged breach, of this covenant. 
 Consultant shall not
be eligible to participate in any employee benefit plan, program, or policy sponsored by the Company, or otherwise made available to employees of the Company. 

Consistent with Consultant’s status as an independent contractor, Company will not provide Consultant with any Company, individual or
group insurance policy or any other kind of insurances coverage. 
 4. Confidentiality. Consultant understands and agrees that in
connection with the performance of the Consulting Services hereunder Consultant will acquire information of a proprietary and/or confidential nature relating to the business of the Company Group. Further, Consultant understands and agrees that the
Consulting Services may include services performed on behalf of the Company Group for the benefit of a third party with whom a member of the Company Group has contracted to provide services (a “Company Counterparty”), and that, as a
result of such arrangement, Consultant will acquire information of a proprietary and/or confidential nature relating to the business of any such Company Counterparty. Consultant hereby expressly agrees to maintain in strictest confidence and not to
use in any way (including, without limitation, in any future business relationship of Consultant), publish, disclose, or authorize anyone else to use, publish or disclose in any way, any proprietary, confidential or other non-public information or document of any kind relating in any manner to the business or affairs of (i) the Company Group or (ii) any Company Counterparty. Notwithstanding the foregoing, Consultant may
retain such professional files and utilize the forms and other documentation contained therein, provided that such utilization does not violate the foregoing obligation. 

5. Assignment of Developments. Consultant agrees to, without additional compensation, promptly make full written disclosure to the
Company, and Consultant will hold in trust for the sole right and benefit of the Company, all Developments (as defined below) which Consultant may solely or jointly conceive, create, develop or reduce to practice, or have solely or jointly
conceived, created, developed or reduced to practice, or have caused or may cause to be conceived, created, developed or reduced to practice, before or during the term of the Consulting Services, whether or not during regular working hours.
“Developments” means all developments, original works of authorship, inventions, concepts, technology, software, know-how, improvements, trade secrets, and similar proprietary rights recognized in
any jurisdiction, whether or not patentable or registrable under patent, copyright or similar laws, provided, that they (i) related or relate at the time of conception, development, or reduction to practice to the Consulting Services, or the
actual or anticipated research or development of the Company or any affiliate thereof; (ii) resulted or result from or relate to any work performed for the Company or any affiliate thereof; or (iii) were or are developed through the use of
equipment, supplies, or facilities of the Company or any affiliate thereof, or any Confidential Information or any intellectual property rights of the Company, or in consultation with personnel of the Company or any affiliate thereof. Consultant
further acknowledges that all Developments made by Consultant (solely or jointly with others) within the scope of and during the term of the Consulting Services were or are “works made for hire” (to the greatest extent permitted by
applicable law) for which Consultant is, in part, compensated by Consultant’s base consideration, unless regulated otherwise by law, but that, in the event any such Developments are deemed not to be a work made for hire, Consultant agrees to
assign, and hereby does assign, all rights, title and interest in and to such Developments, including all related intellectual property rights worldwide, whether such Developments 

  
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were or are conceived, created, developed or reduced to practice in the past, present or future, to the Company, or its designee. If any Developments cannot be assigned or otherwise did or do not
vest in the Company, Consultant hereby grants to the Company an exclusive, assignable, irrevocable, perpetual, worldwide, sublicenseable (through one or multiple tiers), royalty-free, unlimited license to use, make, modify, sell, offer for sale,
reproduce, distribute, create derivative works of, publicly perform, publicly display and digitally perform and display such work in any media now known or hereafter known. Outside the scope of the Consulting Services, whether during or after the
term of the Consulting Services with the Company or any affiliate thereof, Consultant agrees not to (i) modify, adapt, alter, translate, or create derivative works from any such work of authorship or (ii) merge any such work of authorship
with other Developments. To the extent rights related to paternity, integrity, disclosure, and withdrawal of Developments (collectively, “Moral Rights”) may not be assignable under applicable law and to the extent the following is
allowed by the laws in the various countries where Moral Rights exist, Consultant hereby irrevocably waives such Moral Rights and consents to any action of the Company that would violate such Moral Rights in the absence of such consent. 

6. Intellectual Property Registrations. Consultant agrees to assist the Company, or its designee, at Company’s cost and expense,
in every way to secure the rights of the Company in the Developments and any copyrights, patents, trademarks, service marks, database rights, domain names, mask work rights, and all other intellectual property rights in any jurisdiction worldwide
(the “Intellectual Property Registrations”) relating thereto in any and all countries, including the disclosure to the Company of all pertinent information and data with respect thereto, the execution of all applications, specifications,
oaths, assignments, recordations, and all other instruments that the Company will deem necessary in order to apply for, obtain, maintain, and transfer such rights and in order to assign and convey to the Company, or its designee, the sole and
exclusive right, title, and interest in and to such Developments, and any intellectual property and other proprietary rights relating thereto. Consultant further agrees that Consultant’s obligation to execute or cause to be executed, when it is
in Consultant’s power to do so, any such instrument or papers will continue after the term of the Consulting Services until the expiration of the last such intellectual property right to expire in any country of the world. If the Company is
unable because of Consultant’s mental or physical incapacity or unavailability for any other reason to secure Consultant’s signature to apply for or to pursue any application for any United States or foreign patents or copyright
registrations covering Developments or original works of authorship assigned to the Company as above, then Consultant hereby irrevocably designates and appoints the Company and its duly authorized officers and agents as Consultant’s agent and attorney-in-fact to act for and in Consultant’s behalf and stead to execute and file any such applications or records and to do all other lawfully permitted acts to
further the application for, prosecution, issuance, maintenance, and transfer of letters patent or registrations thereon with the same legal force and effect as if originally executed by Consultant. Consultant hereby waives and irrevocably
quitclaims to the Company any and all claims, of any nature whatsoever, that Consultant now or hereafter have for past, present, or future infringement of any and all proprietary rights assigned to the Company. 

7. Term. This Agreement shall commence on July 1, 2022 and shall terminate on December 31, 2022, unless otherwise terminated
earlier by the Company (the “Term”). Company may terminate this Agreement at any time with or without cause. Upon termination of this Agreement by Company, Consultant shall be entitled to receive any compensation which is accrued
and payable under the terms of this Agreement and any expenses incurred and properly reported under the terms of this Agreement, which are unpaid as of the date of termination. For the avoidance of doubt, to the extent this Agreement is terminated
by the Company prior to any month end, the Consultant shall be entitled to receive the entire Monthly Payment for such month in which the termination occurred. 

If Consultant terminates the Agreement, Consultant shall provide reasonable notice of thirty days 

(“Notice Period”). Company will pay Consultant all amounts due to the end of the Notice Period. 

8. Taxes, Liabilities and Assessments. It is understood that Consultant shall be solely responsible for the full and timely payment of
any and all taxes, liabilities, and assessments of any kind in any way arising out of or relating to Consultant’s receipt of compensation relating to the Agreement or the performance of Consulting Services under the Agreement, including without
limitation, social security, unemployment insurance, gross receipts taxes, withholding taxes, workmen’s compensation insurance, and income taxes. Consultant hereby agrees to fully and timely comply with all federal, state, and local laws,
regulations, and rules relating to such taxes, liabilities, and assessments, and will furnish, upon request by the Company, satisfactory evidence of such compliance. Consultant agrees further to indemnify and hold the Company, its affiliates and
their respective directors, managers, officers, employees and agents, harmless from any breach by Consultant of the provisions hereof. 
 9.
Waiver. The waiver by either party of a breach or default of any of the provisions of this Agreement by the other party shall not be construed as a waiver of any succeeding breach or default of the same and any other provision of this
Agreement, nor shall any delay or omission on the part of either party to exercise or avail itself of any right, power or privilege that it has or may have hereunder operate as a waiver of any breach or default. 

  
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 10. Severability. If any provision or portion of this Agreement shall be held by a
court of competent jurisdiction to be illegal, invalid, or unenforceable, the remaining provisions or portions shall remain in full force and effect. Furthermore, if the scope of any provision of this Agreement is determined to be too broad in any
respect whatsoever to permit enforcement to its maximum extent, then such provision shall be enforced to the maximum extent permitted by law. 

11. Governing Law. This Agreement will be governed and interpreted in accordance with the laws of the State of Florida, without giving
effect to its principles of conflicts of law. 
 12. Arbitration. Company and Consultant agree to use reasonable, good faith efforts
to attempt to resolve, as promptly as possible, any and all disputes arising from this Agreement. In the event that any disagreement or dispute should arise concerning this Agreement or the enforcement of the rights of either party, then the parties
agree to waive trial by jury and agree that the exclusive method for resolution of any dispute shall be by JAMS arbitration in Naples, Florida before an arbitrator mutually selected by the parties, which decision shall be final and binding on the
parties. Each party shall bear its own fees, costs, and expenses, and all fees owed to JAMS will be split equally between the parties. 

13. Assignment. Consultant may not assign, transfer, subcontract or delegate any right or obligation under this Agreement without prior
written consent of the Company. The Company may freely assign this Agreement in whole or in part. 
 14. No Publicity. Consultant
shall not, without the prior written consent of Company, use the Company’s name in any advertising or promotional literature or publish any articles relating to the Company, this Agreement, or the Consulting Services and shall not otherwise
refer to the retention of Consultant or the rendering of the Consulting Services hereunder. 
 15. Notices. All notices shall be in
writing and deemed effective when received by either email, registered certified mail, or overnight mail, at the address of the party to be notified. 

16. Complete Agreement. This Agreement, together with the Restrictive Covenants, to the extent explicitly incorporated herein by
reference, contain the entire agreement between the parties hereto with respect to the matters covered herein. No other agreements, representations, warranties or other matters, oral or written, purportedly agreed to or represented by or on behalf
of Consultant by any of its agents, or contained in any sales materials or brochures, shall be deemed to bind the parties hereto with respect to the subject matter hereof. Consultant acknowledges that it is entering into the Agreement solely on the
basis of the representations contained herein. 
 [Remainder of page intentionally left blank] 

  
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 IN WITNESS WHEREOF, the parties hereto have signed this Agreement as of the date first above written. 

 

			
	COMPANY:
	
	 Finance of America Companies Inc.

		
	By:	 	/s/ Graham Fleming
	Name:	 	Graham A. Fleming
	Title:	 	President

  

	
	CONSULTANT:
	
	/s/ Patricia L. Cook
	Patricia L. Cook

  
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 EXHIBIT A 

CONSULTING SERVICES 
 Consultant will be
available to provide consulting services to the Company’s Chief Executive Officer related to enterprise-wide strategic initiatives and provide additional advisory services as requested by the Company’s Chief Executive Officer on an as-needed basis for a maximum of sixty hours a month. On the last day of each month, Consultant will provide a report to Company’s Chief Executive Officer with the hours worked and a description of duties
performed. 
 Consultant primarily will provide services from her location via remote means. If Consultant is requested to travel to fulfill her duties
under this Agreement, it will be based on Consultant’s availability subject to reasonable advance notice. Any travel expenses will be reimbursed by the Company. 

  
 6EX-10.4

 Exhibit 10.4 

RESTRICTIVE COVENANT AGREEMENT 

The promises and obligations as set forth in this Restrictive Covenant Agreement (“Agreement”) have been made by Patricia L.
Cook (“Employee”) in exchange for good and valuable consideration provided by Finance of America Companies Inc. (“FOA”), including certain compensatory equity benefits. 

Section 1. Definitions. Capitalized terms not otherwise defined in this Agreement shall have the meaning set forth
in Appendix A, attached hereto. 
 Section 2. General. Employee acknowledges and recognizes the highly
competitive nature of the business of the Company Group, that access to Confidential Information renders Employee special and unique within the industry of the Company Group, and that Employee will have the opportunity to develop substantial
relationships with existing and prospective clients, accounts, customers, consultants, contractors, investors, contributors and strategic partners of the Company Group during the course of and as a result of Employee’s employment with or
services to the Company Group. Employee recognizes and acknowledges that the restrictions and limitations set forth in this Agreement are reasonable and valid in geographical and temporal scope and in all other respects and are essential to protect
the value of the business and assets of the Company Group. 
 Section 3. Confidential Information. 

(a) Employee acknowledges that, during Employee’s employment with the Company Group, Employee will have access to information about the
Company Group and that Employee’s employment or service with the Company Group shall bring Employee into close contact with Confidential Information. In recognition of the foregoing, Employee agrees, at all times during Employee’s
employment or service with the Company Group and thereafter, to hold in confidence, and not to use, or to disclose to any Person without written authorization of FOA, any Confidential Information. 

(b) Nothing in this Agreement shall prohibit or impede Employee from communicating, cooperating or filing a complaint with any U.S. federal,
state or local governmental or law enforcement branch, agency or entity (collectively, a “Governmental Entity”) with respect to possible violations of any U.S. federal, state or local law or regulation, or otherwise making
disclosures to any Governmental Entity, in each case, that are protected under the whistleblower provisions of any such law or regulation, provided that in each case such communications and disclosures are consistent with applicable law. Employee
understands and acknowledges that an individual shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of a trade secret that is made (i) in confidence to a Federal, State, or local
government official or to an attorney solely for the purpose of reporting or investigating a suspected violation of law, or (ii) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.
Employee understands and acknowledges further that an individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and use the trade secret
information in the court proceeding, if the individual files any document containing the trade secret under seal and does not disclose the trade secret, except pursuant to court order. 

Section 4. Assignment of Intellectual Property. 

(a) Employee agrees that Employee will, without additional compensation, promptly make full written disclosure to FOA, and will hold in trust
for the sole right and benefit of the Company Group all developments, original works of authorship, inventions, concepts, know-how, improvements, trade secrets, and similar proprietary rights, whether or not
patentable or registrable under copyright or similar laws, which Employee may (or has previously) solely or jointly conceive or develop or reduce to practice, or cause to be conceived or developed or reduced to practice, during Employee’s
employment or service with the Company Group, whether or not during regular working hours, provided they either (i) relate at the time of conception or reduction to practice of the invention to the business of the Company Group, or actual or
demonstrably anticipated research or development of the Company Group; (ii) result from or relate to any work performed for the Company Group; or (iii) are developed through the use of equipment, supplies, or facilities of the Company
Group, or any Confidential Information, or in consultation with employees or contractors of the Company Group (collectively referred to as “Developments”). Employee further acknowledges that all Developments made by Employee (solely
or jointly with others) within the scope of and during Employee’s employment with or provision of services to the Company Group are “works made for hire” (to the greatest extent permitted by applicable law) for which Employee is, in
part, compensated by Employee’s base salary, unless regulated otherwise by law, but that, in the event any such Development is deemed not to be a work made for hire, Employee hereby assigns to FOA, or its designee, all Employee’s right,
title, and interest throughout the world in and to any such Development. 

 (b) Employee agrees to assist FOA, or its designee, at FOA’s expense, in every way to
secure the rights of the Company Group in the Developments and any copyrights, patents, trademarks, service marks, database rights, domain names, mask work rights, moral rights, and other intellectual property rights relating thereto in any and all
countries, including the disclosure to FOA of all pertinent information and data with respect thereto, the execution of all applications, specifications, oaths, assignments, recordations, and all other instruments that FOA shall deem necessary in
order to apply for, obtain, maintain, and transfer such rights and in order to assign and convey to the Company Group the sole and exclusive right, title, and interest in and to such Developments, and any intellectual property and other proprietary
rights relating thereto. Employee further agrees that Employee’s obligation to execute or cause to be executed, when it is in Employee’s power to do so, any such instrument or papers shall continue after the termination of Employee’s
employment or service with the Company Group until the expiration of the last such intellectual property right to expire in any country of the world; provided, however, FOA shall reimburse Employee for Employee’s reasonable
expenses incurred in connection with carrying out the foregoing obligation. If FOA is unable because of Employee’s mental or physical incapacity or unavailability for any other reason to secure Employee’s signature to apply for or to
pursue any application for any United States or foreign patents or copyright registrations covering Developments or original works of authorship assigned to any member of the Company Group, then Employee hereby irrevocably designates and appoints
FOA and its duly authorized officers and agents as Employee’s agent and attorney in fact to act for and in Employee’s behalf and stead to execute and file any such applications or records and to do all other lawfully permitted acts to
further the application for, prosecution, issuance, maintenance, and transfer of letters patent or registrations thereon with the same legal force and effect as if originally executed by Employee. Employee hereby waives and irrevocably quitclaims to
FOA any and all claims, of any nature whatsoever, that Employee now or hereafter has for past, present, or future infringement of any and all proprietary rights assigned to FOA. 

Section 5. Non-Competition. Employee shall not, directly or indirectly,
during Employee’s employment with the Company Group, and for the Post-Termination Non-Competition Period following the termination of Employee’s employment for any reason, engage in, have any equity
interest in, manage, provide services to or operate (including, but not limited to, as a sole proprietor, owner, employer, principal, director, investor, joint venturer, shareholder, associate, employee, member, consultant, contractor or otherwise)
any Competitive Business or any of the affiliates, related entities, successors or assigns of any Competitive Business; provided however, that with respect to the equity of any Competitive Business which is or becomes publicly traded,
Employee’s ownership as a passive investor of less than 2% of the outstanding publicly traded stock of a Competitive Business shall not be deemed a violation of this Agreement. 

Section 6. Non-Solicitation. 

(a) Clients. During both Employee’s employment with the Company Group and the Post-Termination
Non-Solicitation Period, Employee shall not (i) solicit, or assist any other individual, person, firm or other entity in soliciting, the business of any Client for or on behalf of an existing or
prospective Competitive Business; (ii) perform, provide or assist any other individual, person, firm or other entity in performing or providing, services similar to those provided by the Company Group for any Client or; or (iii) impede or
otherwise interfere with or damage (or attempt to impede or otherwise interfere with or damage) any business relationship and/or agreement between the Company Group and a Client. For purposes of this Section 6(a), “solicit” shall mean
to have any direct or indirect communication of any kind whatsoever, regardless of whom initiated, inviting, advising, encouraging or requesting any individual, person, firm or other entity, in any manner, to take or refrain from taking any action.

 (b) Employees/Former Employees. Employee shall not, directly or indirectly, during Employee’s employment with the Company
Group, and for the Post-Termination Non-Solicitation Period, solicit, employ, engage or retain, or assist any other individual, person, firm or other entity in soliciting, employing, engaging or retaining, any
employee or other individual service provider of the Company Group, including without limitation any former employee or other individual service provider of the Company Group who ceased working for the Company Group within the twelve-month period
immediately preceding or following the date on which Employee’s employment with the Company Group terminated. For purposes of this Section 6(b), “solicit” shall mean to have any direct or indirect communication of any kind
whatsoever, regardless of by whom initiated, inviting, advising, encouraging or requesting any individual, person or entity, in any manner, to terminate their employment or business relationship with the Company Group, or recommending or suggesting
(including by identifying a person or entity to a third party) that a third party take any of the foregoing actions. 

 Section 7.
Non-Disparagement. Employee agrees that, during and at any time after Employee’s employment or service with the Company Group, Employee will not, directly or indirectly, make any statement (directly
or through Employee’s representatives) that is intended to become public, or should reasonably be expected to become public, and that criticizes, ridicules, disparages or is otherwise derogatory of any member of the Company Group or their
respective employees, officers, directors, or equity holders; provided, that the limitations set forth in this Section 7 shall not apply in respect of any statement that is required to be made by applicable law and/or is the type of
communication described in Section 3(b). 
 Section 8. Return of Property and Documents. In the event of the
termination of Employee’s employment with the Company Group for any reason, Employee shall deliver to FOA (and will not keep in Employee’s possession, recreate, or deliver to anyone else) any and all Confidential Information and all other
documents, materials, information, and property developed by Employee during Employee’s employment with the Company Group otherwise belonging to the Company Group as well as other property of the Company Group including computer equipment,
mobile telephones, security access passes. Further, after the termination of Employee’s employment for any reason, Employee shall not use or access any subscriptions, databases or other services that are subscribed to by the Company Group using
credentials associated with the Company Group’s subscription, nor shall Employee share any of the Company Group’s credentials or passwords with any person at any time. 

Section 9. Independence; Severability. Each of the rights enumerated in this Agreement shall be independent of the
others and shall be in addition to and not in lieu of any other rights and remedies available to the Company Group at law or in equity. If any of the provisions of this Agreement or any part of any of them is hereafter construed or adjudicated to be
invalid or unenforceable, the same shall not affect the remainder of this Agreement, which shall be given full effect without regard to the invalid portions. If any of the covenants contained herein are held to be invalid or unenforceable because of
the duration of such provisions or the area or scope covered thereby, each of the Company Group and Employee agree that the court making such determination shall have the power to reduce the duration, scope, and/or area of such provision to the
maximum and/or broadest duration, scope, and/or area permissible by law, and in its reduced form said provision shall then be enforceable. 

Section 10. Arbitration; Injunctive Relief. Employee agrees that any dispute with respect to this Agreement
shall be finally settled by arbitration conducted by a single arbitrator in Naples, Florida in accordance with the then-existing JAMS Employment Arbitration Rules and Procedures. If the parties to the dispute fail to agree on the selection of an
arbitrator within thirty days of the receipt of the request for arbitration, JAMS shall make the appointment. Employee expressly acknowledges that any breach or threatened breach of any of the terms and/or conditions set forth in this Agreement may
result in substantial, continuing, and irreparable injury to the Company Group. Therefore, Employee hereby agrees that, in addition to any other remedy that may be available to the Company Group, the Company Group shall be entitled to seek
injunctive relief, specific performance, or other equitable relief by a court of appropriate jurisdiction in the event of any breach or threatened breach of the terms of this Agreement. Notwithstanding any other provision to the contrary, Employee
acknowledges and agrees that the calculation of the Post-Termination Non-Competition Period and/or the Post-Termination Non-Solicitation Period shall be tolled during
any period of violation of any of the covenants in this Agreement and during any other period required for litigation during which the Company Group seeks to enforce such covenants against Employee if it is ultimately determined that Employee was in
breach of such covenants. For the avoidance of doubt, Employee is required to comply with all such covenants during the time period that any such litigation is taking place. 

Section 11. Disclosure of Agreement. As long as it remains in effect, Employee will disclose the
existence of this Agreement to any prospective employer, partner, co-venturer, investor, or lender prior to entering into an employment, partnership, or other business relationship with such person or entity.
For the avoidance of doubt, FOA and Employee agree that a copy of the provisions set forth in Sections 3 through 7 and Appendix A may be disclosed to the Employee’s prospective future employer upon request in connection with Employee’s
application for employment.  
 Section 12. Section Headings. The headings of the sections
and subsections of this Agreement are inserted for convenience only and shall not be deemed to constitute a part thereof or affect the meaning or interpretation of this Agreement or of any term or provision hereof. 

 Section 13. Entire Agreement. This Agreement,
together with Appendix A attached hereto, constitutes the entire understanding and agreement of the parties hereto regarding the subject matter herein and merges all prior discussions between the parties. This Agreement supersedes all prior
negotiations, discussions, correspondence, communications, understandings, and agreements between the parties relating to the subject matter of this Agreement. Notwithstanding anything contained in this Section 13 to the contrary, in the event
that Employee is subject to similar restrictive covenants contained in any employment, director, consulting or similar agreement the Company Group (“Other Covenants”), the covenants contained in this Agreement shall be in addition
to, and not in lieu of, any such Other Covenants, and enforcement by the Company Group of the covenants contained in this Agreement shall not preclude the Company Group from enforcing such Other Covenants in accordance with their terms. 

Section 14. Governing Law. THE VALIDITY, INTERPRETATION, CONSTRUCTION, AND PERFORMANCE OF THIS AGREEMENT
SHALL BE GOVERNED BY THE LAWS OF THE STATE OF FLORIDA, WITHOUT GIVING EFFECT TO THE PRINCIPLES OF CONFLICT OF LAWS. 

Section 15. Survival of Operative Sections. This Agreement shall survive any termination of Employee’s
employment with the Company Group for any reason to the extent necessary to give effect to the provisions thereof. 

Section 16. Successors and Assigns. This Agreement will be binding upon Employee’s heirs, executors,
administrators, and other legal representatives and will be for the benefit of the Company Group, its successors, and its assigns. Employee expressly acknowledges and agrees that this Agreement may be assigned by FOA without Employee’s consent
to any affiliate of FOA as well as any purchaser of all or substantially all of the assets or stock of FOA, whether by purchase, merger, or other similar corporate transaction. 

[Signature Page Follows] 

 IN WITNESS WHEREOF, I hereby execute this Agreement as of June 20, 2022: 

 

	
	/s/ Patricia L. Cook
	 Patricia L. Cook

	 Date: June 20, 2022 

 APPENDIX A 

Definitions 

“Business” shall mean residential mortgage lending including (i) traditional mortgage loans and reverse mortgage loans
to consumers and business purposes loans to residential real estate investors as well as unsecured personal loans to consumers. The Company Group also offers a range of ancillary products and services for residential real estate lending such as
title insurance and settlement services, appraisal management, valuation and brokerage services or any other business activities conducted by the Company Group during Employee’s employment with or provision of services to the Company Group and
any other businesses that the Company Group has demonstrable plans to engage in, of which the Employee has or should reasonably be expected to have knowledge. 

“Client” shall mean any current or prospective client, customer, licensee, supplier, or other business relation of the
Company Group, or any such relation that was a client, customer, licensee or other business relation within the prior six (6) month period, with respect to whom Employee, individuals reporting to Employee or individuals over whom Employee had
direct or indirect responsibility, received Confidential Information about, or had personal contact or dealings on the Company Group’s behalf during Employee’s employment with or provision of services to the Company Group. 

“Company Group” means FOA together with any of its direct or indirect subsidiaries. 

“Competitive Business” means any Person or business that engages in any business, directly or indirectly (through a
subsidiary or otherwise), which competes with the Business within the United States of America or any other jurisdiction in which any member of the Company Group engages in business derives a material portion of its revenues or has demonstrable
plans to commence business activities in. 
 “Confidential Information” shall mean information that the Company Group has
or will develop, acquire, create, compile, discover, or own, that has value in or to the business of the Company Group that is not generally known and that the Company Group wishes to maintain as confidential. Confidential Information includes, but
is not limited to, any and all non-public information that relates to the actual or anticipated business and/or products, research, or development of the Company Group, or to the Company Group’s technical
data, trade secrets, or know-how, including, but not limited to, research, plans, or other information regarding the Company Group’s products or services and markets, customer lists, and customers
(including, but not limited to, customers of the Company Group on whom Employee called or with whom Employee may become acquainted during Employee’s employment with or provision of services to the Company Group), software, developments,
inventions, processes, formulas, technology, designs, drawings, engineering, hardware configuration information, marketing, finances, and other business information disclosed by the Company Group either directly or indirectly in writing, orally, or
by drawings or inspection of premises, parts, equipment, or other Company Group property. Notwithstanding the foregoing, Confidential Information shall not include any of the foregoing items that have become publicly and widely known through no
unauthorized disclosure by Employee or others who were under confidentiality obligations as to the item or items involved. 

“Person” shall mean any individual, corporation, partnership, limited liability company, joint venture, association,
joint-stock company, trust (charitable or non-charitable), unincorporated organization, or other form of business entity. 

“Post-Termination Non-Competition Period” shall mean the period commencing on the
date of termination of Employee’s employment with the Company Group for any reason and ending on April 1, 2024 (which is the date Employee’s RSU Award would have fully vested had Employee remained employed through such date). 

“Post-Termination Non-Solicitation Period” shall mean the period commencing on the
date of termination of Employee’s employment with the Company Group for any reason and ending on April 1, 2024 (which is the date Employee’s RSU Award would have fully vested had Employee remained employed through such date). 

“RSU Award” means the restricted stock units granted to Employee on June 17, 2021 by FOA under the FOA 2021 Omnibus
Incentive Plan.

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