Document:

EX-10.1

 Exhibit 10.1 

STOCKHOLDERS AGREEMENT 

This STOCKHOLDERS AGREEMENT (this “Agreement”) is made as of
                    , 2015 by and among: 
  

	 	(i)	 	loanDepot, Inc., a Delaware corporation (the “Company”); 

  

	 	(ii)	 	Parthenon Investors III, L.P., PCap Associates, Parthenon Capital Partners Fund, L.P., Parthenon LoanDepot Partners, LP and PCP, L.P. (collectively, the “Investors”); 

 

	 	(iii)	 	Anthony Hsieh, Trilogy Mortgage Holdings, Inc. and JLSA, LLC (collectively, “Hsieh”); and 

  

	 	(iv)	 	Certain employees of the Company or its subsidiaries named in Schedule I hereto (the “Management Stockholders” and together with the Investors and Hsieh, the “Stockholders”).

 RECITALS 

A. WHEREAS certain of the Stockholders entered into a Sixth Amended and Restated Limited Liability Company Agreement of loanDepot.com, LLC, a
Delaware limited liability company and indirect subsidiary of the Company (“LDLLC”), dated as of August 25, 2015 (the “6th LLC Agreement”); 

B. WHEREAS the Company is contemplating an underwritten initial public offering of shares of its Class A common stock, par value $0.001 per
share (“Class A Common Stock”), registered on Form S-1 under the Securities Act (the “IPO”); 
 C.
WHEREAS, in connection with the IPO: 
  

	 	(i)	 	The parties to the 6th LLC Agreement have agreed to amend and restate the 6th LLC Agreement (as amended and restated, the “7th LLC Agreement”) to, among other things, modify its capital structure by
replacing the different classes of interests (other than the Class I Common Units of LDLLC) with a single new class of units (the “LLC Units”); 

  

	 	(ii)	 	Parthenon Blocker and the Continuing LLC Members have agreed to contribute to loanDepot Holdings, LLC, a Delaware limited liability company and subsidiary of the Company (“LD Holdings”), all of their
respective units in LDLLC in exchange for a single class of common units issued by LD Holdings (“Holdco Units”) on a one-for-one basis (the “Exchange”); 

 

	 	(iii)	 	In connection with the Exchange, the Company will issue to the Continuing LLC Members a number of shares of the Company’s Class B common stock, par value $0.001 per share (“Class B Common Stock”)
equal to the number of Holdco Units held by such Continuing LLC Members; 

  

	 	(iv)	 	Immediately following the Exchange, which will result in LDLLC becoming a wholly owned subsidiary of LD Holdings, each of Parthenon Blocker, the Continuing LLC Members and other holders of units of LD Holdings will
enter into a limited liability company agreement of LD Holdings (the “Holdings LLC Agreement”), pursuant to which the Continuing LLC Members will have the right to exchange their Holdco Units and Class B Common Stock for shares of
Class A Common Stock on a one-for-one basis, subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications; and 

  

	 	(v)	 	Thereafter, Parthenon Blocker and the Company will engage in a series of transactions that will result in Parthenon Blocker merging with and into the Company, with the Company as the surviving corporation, and the
equityholders of Parthenon Blocker exchanging all of their equity interests in Parthenon Blocker for shares of Class A Common Stock. 

 D. WHEREAS, conditioned upon the closing of the IPO, the parties hereto desire to enter into this
Agreement to set forth their agreements on certain matters. 
 NOW THEREFORE, in consideration of the mutual covenants contained herein, and
for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 
  

	1.	EFFECTIVENESS; DEFINITIONS. 

 1.1 Effective Date. This Agreement is being executed
on the date hereof and shall automatically become effective upon, and only upon, the consummation of the closing of the IPO (the “Effective Date”). 

1.2 Definitions. Certain capitalized terms used in this Agreement shall have the respective meanings set forth in Section 6 hereof.

  

	2.	BOARD REPRESENTATION. 

 2.1 Right to Designate. From and after the Effective Date
hereof until the relevant provision of this Section 2.1 ceases to be effective in accordance with Section 2.8, (a) the Investors shall be entitled to designate two (2) persons for election to the Board and (b) Hsieh shall be entitled to designate
two (2) persons for election to the Board (each such person, a “Nominee”); provided, that, any such Nominee shall have satisfied the requirements applicable to the Company’s directors under applicable law, the
Company’s certificate of incorporation and bylaws and be a natural person, whether such person has significant experience in the mortgage and/or personal loans industry and in finance generally (including experience sitting on the board of
directors of companies listed on a stock exchange), has demonstrated a high level of business acumen, and has a generally favorable reputation in industry circles shall be criteria considered in the assessment of such person’s qualification to
be a Nominee, and the satisfaction of such requirements and criteria shall be determined by the Board; provided, further, that until Hsieh is no longer entitled to designate any Nominees in accordance with Section 2.8, Anthony Hsieh
shall at all times be a Designated Director (as defined below) of Hsieh. 
 2.2 Expansion of Board and Appointment; Classification;
Initial Designees of the Investors and Hsieh. Following the Investors’ or Hsieh’s designation of a Nominee, the Company shall take such steps, if any, as are necessary to increase the size of the Board to accommodate such Nominee, and
the directors then in office will elect such Nominee to fill the resulting vacancy and determine the class in which such Nominee shall be placed in accordance with the Company’s certificate of incorporation. At the Effective Date, the Board
shall be comprised of eight (8) members, and (a) the initial Nominees of the Investors and the class in which each such Nominee shall be allocated are Brian P. Golson (Class III) and Andrew C. Dodson (Class III), and (b) the initial Nominees of
Hsieh and the class in which each shall be allocated are Anthony Hsieh (Class I) and one additional Nominee designated by Hsieh (Class I). The Investors shall not be obligated to designate all (or any) of the directors it is entitled to designate
pursuant to this Agreement, but the failure to do so shall not constitute a waiver of its rights hereunder. Hsieh shall not be obligated to designate all (or any) of the directors he or it is entitled to designate pursuant to this Agreement, but the
failure to do so shall not constitute a waiver of his or its rights hereunder. For so long as the Company’s certificate of incorporation shall provide for the division of directors into three classes, the Nominees of the Investors shall be
designated as Class III directors and the Nominees of Hsieh shall be designated as Class I directors. 
 2.3 Subsequent Nomination of
Persons Designated by the Investors or Hsieh. The Company’s Governance and Nominating Committee shall recommend to the Board that any Nominee be nominated and recommended by the Board to stockholders for election as a director of the
Company at each meeting of stockholders at which directors of the class in which such Nominee was or is to be placed are to be elected, and the Board shall recommend any such Nominee to the stockholders for election as a director of the Company at
each meeting of stockholders at which directors of the class in which such person was or is to be placed are to be elected. The Company shall use its best efforts to cause the election of each such Nominee designated by the Investors or Hsieh, as
applicable, including by including each such Nominee in the proxy statement prepared by the Company in connection with soliciting proxies for every meeting of stockholders in which the election of such Nominee’s class of directors is to take
place, and at every postponement or adjournment thereof, and on every action or approval by 

  
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written consent of the stockholders of the Company or the Board with respect to the election of such Nominee’s class of directors. For so long as each Stockholder party hereto Beneficially
Owns (directly or indirectly) any shares of Common Stock, such Stockholder hereby agrees to take all Necessary Action to cause the election of such Nominee to the Board (any such Nominee so elected to the Board, a “Designated
Director”). 
 2.4 Replacement of Directors Designated by the Investors or Hsieh. In the event that any Designated Director
shall cease to serve as a director of the Company for any reason, the Investors or Hsieh, as applicable, agree to take all Necessary Action reasonably available within its or his power to cause any vacancy resulting therefrom to be filled with the
Investors’ or Hsieh’s, as applicable, designated replacement for such Designated Director, and the vacancy shall be filled as soon as practicable following such designation unless the Investors or Hsieh, as applicable, has specifically
waived in writing its or his rights (temporarily or permanently) to designate a replacement director. 
 2.5 Voting Agreement. 

 

	(a)	Hsieh agrees (i) to take all Necessary Action reasonably available within his power, including casting all votes to which Hsieh is entitled in respect of the Common Stock Beneficially Owned by Hsieh (“Hsieh
Common Stock”), whether at any annual or special meeting of the Company’s stockholders, by written consent or otherwise, so as to cause the election to the Board of (A) the Nominees of the Investors and (B) any replacement designee
designated in accordance with Section 2.4 to fill any vacancy in the Board, and to otherwise effect the intent of this Section 2 and (ii) not to grant, or enter into a binding agreement with respect to, any proxy to any Person in respect of Hsieh
Common Stock that would prohibit Hsieh from casting such votes in accordance with clause (i). 

  

	(b)	The Investors agree (i) to take all Necessary Action reasonably available within its power, including casting all votes to which the Investors are entitled in respect of the Common Stock Beneficially Owned by the
Investors (“Investor Common Stock”), whether at any annual or special meeting of the Company’s stockholders, by written consent or otherwise, so as to cause the election to the Board of (A) the Nominees of Hsieh and (B) any
replacement designee designated in accordance with Section 2.4 to fill any vacancy in the Board, and to otherwise effect the intent of this Section 2 and (ii) not to grant, or enter into a binding agreement with respect to, any proxy to any Person
in respect of Investors Common Stock that would prohibit any of the Investors from casting such votes in accordance with clause (i). 

2.6 Subsidiary Boards. The composition of the board of directors or board of managers, if and as applicable, of each of the
Company’s subsidiaries shall be the same as that of the Board unless the Investors and Hsieh otherwise agree or as may be required by law. 

2.7 Expenses; Insurance. The Company shall reimburse each Designated Director for all reasonable out-of-pocket expenses incurred in
connection with their attendance at meetings of the Board and any committees thereof, including travel, lodging and meal expenses. The Company shall obtain customary director and officer liability insurance on commercially reasonable terms. 

2.8 Termination of the Investors’ and Hsieh’s Right to Designate Directors. At such time as the Investors (a) cease to
collectively Beneficially Own Common Stock representing at least 50% of the total voting power of the Common Stock Beneficially Owned by the Investors immediately following the IPO, the Investors shall only be entitled to designate one (1) person
for election to the Board, or (b) cease to collectively Beneficially Own Common Stock representing at least 5% of the total voting power of the then outstanding Common Stock, the Investors shall no longer be entitled to designate any person for
election to the Board; provided that a reduction in the percentage of total voting power of the outstanding Common Stock Beneficially Owned by the Investors shall not shorten the term of any incumbent Designated Director. At such time as
Hsieh (a) ceases to collectively Beneficially Own Common Stock representing at least 50% of the total voting power of the Common Stock Beneficially Owned by Hsieh immediately following the IPO, Hsieh shall only be entitled to designate one (1)
person for election to the Board (which, for the avoidance of doubt, shall be Anthony Hsieh), or (b) ceases to collectively Beneficially Own Common Stock representing at least 5% of the total voting power of the then outstanding Common Stock, Hsieh
shall no longer be entitled to designate any person for election to the Board; provided that a reduction in the percentage of total voting power of the outstanding Common Stock Beneficially Owned by Hsieh shall not shorten the term of any
incumbent Designated Director. 

  
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	3.	TRANSFER OF COMMON STOCK. 

 3.1 Representations and Warranties. Each Stockholder
represents and warrants that (a) such Stockholder is the owner of the number of common units of LDLLC set forth opposite such Stockholder’s name on loanDepot.com, LLC Schedule of Unitholders attached to the 6th LLC Agreement, (b) this Agreement
has been duly authorized, executed and delivered by such Stockholder and constitutes the valid and binding obligation of such Stockholder, enforceable in accordance with its terms, except as enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating to enforceability, and (c) such Stockholder has not granted
and is not a party to any proxy, voting trust or other agreement which is inconsistent with, conflicts with, or violates any provision of this Agreement. 

3.2 Restrictions on Transfer. 
  

	(a)	General Restrictions on Transfer. Except as otherwise expressly provided in this Section 3.2, Hsieh or a Management Stockholder may Transfer its Class A Common Stock (including shares of Class A Common Stock
received in exchange for Holdco Units and shares of Class B Common Stock pursuant to the Holdings LLC Agreement) only at such time as any Investor is also selling shares of Class A Common Stock in a Sale Transaction and then only up to a number of
shares of Class A Common Stock (rounded up to the nearest whole share) (each, a “Transfer Amount”): 

  

	 	(i)	 	in the case of Hsieh, equal to the number of shares of Class A Common Stock that, if sold, would result in Hsieh receiving Net Proceeds from such Sale Transaction equal to fifty percent (50%) of the Net Proceeds that
such Investor would receive in such Sale Transaction, and 

  

	 	(ii)	 	in the case of a Management Stockholder, equal to the product of (A) the aggregate number of shares of Class A Common Stock held by such Management Stockholder immediately prior to such Sale Transaction (excluding for
this purpose shares of Class A Common Stock that are already transferable by such Management Stockholder pursuant to Section 3.2(b) or Section 3.2(c)) multiplied by (B) the fraction, the numerator of which is the aggregate number of shares of
Class A Common Stock being sold by Hsieh in such Sale Transaction and the denominator of which is the total number of shares of Class A Common Stock held by Hsieh immediately prior to such Sale Transaction (which shall include, for the avoidance of
doubt, shares of Class A Common Stock receivable by Hsieh upon exchange of Holdco Units and Class B Common Stock pursuant to the Holdings LLC Agreement). 

  

	(b)	Demand Transfers by Hsieh and Management Stockholders. Notwithstanding anything to the contrary in Section 3.2(a), beginning on the first day of the calendar month immediately following the first anniversary of
the IPO, Hsieh and the Management Stockholders may Transfer their Class A Common Stock (including shares of Class A Common Stock received in exchange for Holdco Units and shares of Class B Common Stock pursuant to the Holdings LLC Agreement)
pursuant to one or more Hsieh Sale Transactions up to a number of shares of Class A Common Stock (rounded up to the nearest whole share) (each, a “Demand Transfer Amount”): 

 

	 	(i)	 	in the case of Hsieh, equal to the number of shares of Class A Common Stock that, if sold, would result in Hsieh receiving Net Proceeds from such Hsieh Sale Transaction equal to fifty percent (50%) of the Net Proceeds
that the Investors would receive in such Hsieh Sale Transaction, and 

  

	 	(ii)	 	in the case of a Management Stockholder, equal to the product of (A) the aggregate number of shares of Class A Common Stock held by such Management Stockholder immediately prior to such Hsieh Sale Transaction (excluding
for this purpose shares of Class A Common Stock that are already transferable by such Management Stockholder pursuant to Section 3(d)) multiplied by (B) the fraction (the “Management Selling Ratio”), the numerator of which is
the aggregate number of shares of Class A Common Stock being sold by Hsieh in such Hsieh Sale Transaction and the denominator of which is the total number of shares of Class A Common Stock held by Hsieh immediately prior to such Hsieh Sale
Transaction (which shall include, for the avoidance of doubt, shares of Class A Common Stock receivable by Hsieh upon exchange of Holdco Units and Class B Common Stock pursuant to the Holdings LLC Agreement); 

  
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 provided that (A) if any of the Investors elects not to Transfer shares of Class A Common
Stock in such Hsieh Sale Transaction, the number of shares that the Investors would have otherwise been entitled to Transfer in such Hsieh Sale Transaction shall instead be allocated to Hsieh and the Management Stockholders based on the applicable
Management Selling Ratio, and (B) the aggregate amount of Net Proceeds of all Hsieh Sale Transactions pursuant to this Section 3.2(b) shall not exceed $150,000,000; provided, further, that a Transfer may not be invoked under this
Section 3.2(b) at a time when Hsieh is subject to any lockup period from a prior secondary offering with respect to Class A Common Stock. 
  

	(c)	Additional Transfers by Hsieh and Management Stockholders. Notwithstanding Section 3.2(a) and Section 3.2(b), beginning on the first day of the calendar month immediately following the first anniversary of the
IPO, in addition to any shares of Class A Common Stock that Hsieh and the Management Stockholders are permitted to Transfer pursuant to Section 3.2(d), each of Hsieh and the Management Stockholders shall be entitled to Transfer an additional number
of shares of Class A Common Stock per calendar year (excluding any Transfers to Permitted Transferees) (each, an “Additional Transfer Amount”) up to the number of shares of Class A Common Stock (rounded up to the nearest whole
share) that, if sold, would result in such Stockholder receiving aggregate Net Proceeds equal to $500,000 for such calendar year. Any such Transfer of Additional Transfer Amounts shall be made pursuant to a Required Shelf Registration Statement or
any other manner of sale otherwise then-available to such Stockholder. 

  

	(d)	Eligible Remaining Transfer Amounts. If Hsieh or any Management Stockholder (i) chooses not to Transfer all or any portion of its Transfer Amount, Demand Transfer Amount or Additional Transfer Amount that such
Stockholder is entitled to Transfer pursuant to Section 3.2(a), Section 3.2(b) or Section 3(c), as applicable, or (ii) is otherwise restricted at such time from Transferring or not permitted to Transfer all or any portion of such Transfer Amount,
Demand Transfer Amount or such Additional Transfer Amount (such number of Class A Common Stock that have not been so Transferred, “Eligible Remaining Transfer Amounts”), then such Stockholder shall retain the right to Transfer such
Eligible Remaining Transfer Amounts in (A) any future Sale Transaction by any Investor (in addition to any rights to Transfer any Transfer Amounts in accordance with Section 3.2(a) in connection with such future Sale Transaction) or (B) any other
future sale of Class A Common Stock (in addition to any rights to Transfer any Demand Transfer Amount and Additional Transfer Amounts in accordance with Section 3.2(b) and Section 3.2(c), as applicable). Upon the written request from time to time of
any Stockholder, the Company shall inform such Stockholder of the number of Eligible Remaining Transfer Amounts that such Stockholder may Transfer in reliance on this Section 3.2(d). In the event of a conflict between the provisions of Section
3.2(a) or Section 3.2(b) and the cutback provisions contained in the Registration Rights Agreement, the provisions of Section 3.2(a) or Section 3.2(b), as applicable, shall control and the Investors agree that the cutbacks requested by the
underwriters in a registered offering under the Registration Rights Agreement may be made on a non-pro rata basis as between the Management Stockholders, the Investors and Hsieh to accommodate such Transfer Amount(s) or such Demand Transfer
Amount(s), as applicable; provided that any shares of Class A Common Stock that cannot be sold because of such cutbacks shall become and be added to the then-available “Eligible Remaining Transfer Amounts.” 

 

	(e)	 Notification of Planned Sale Transactions. In the event that any Investor plans to sell shares of Class A Common Stock in a Sale Transaction,
then, unless the Registration Rights Agreement provides for different procedures applicable to such particular Sale Transaction (in which case, such procedures set forth in the Registration Rights Agreement shall control), such Investor will notify
the Company in writing as promptly as practicable in advance of such Sale Transaction, and the Company will, within 3 days after receiving such notice from such Investor, notify the other Stockholders in writing of the proposed Sale Transaction,
which written notice shall set forth such Stockholder’s (A) Transfer Amount as a result of such Sale Transaction and (B) then-available Eligible Remaining Transfer Amount. The Stockholder shall be permitted to Transfer Class A Common Stock
pursuant to Section 3.2(a) for a period of 30 days commencing on the date of the Sale Transaction by an Investor; provided that, in the event a Stockholder is unable to Transfer Class A Common Stock at the time of such Sale Transaction
as a result of a lock-up or similar agreement to which such Stockholder is a party or as a result of the Company’s insider trading 

  
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policies, the Stockholder will be permitted to Transfer Class A Common Stock pursuant to and in accordance with Section 3.2 for a period of 15 days following the expiration of such lock-up or
similar agreement and/or the lifting of any restrictions on Transfer as a result of the Company’s insider trading policies (provided that if such 15th day falls on a weekend or bank holiday, the time period will expire at the close of business
on the next business day thereafter). 

  

	(f)	Permitted Transfers. Section 3.2(a), Section 3.2(b) and Section 3.2(c) shall not apply to any Transfer of shares of Class A Common Stock (including shares of Class A Common Stock received in exchange for Holdco
Units and shares of Class B Common Stock pursuant to the Holdings LLC Agreement) by Hsieh or a Management Stockholder (i) to its respective Permitted Transferee or (ii) if such shares of Class A Common Stock were received pursuant to an exchange
contemplated by Section 9.9(b) or Section 9.9(g) of the Holdings LLC Agreement. Each Stockholder agrees that in the event that such Stockholder Transfers, directly or indirectly, any of its Common Stock to its Permitted Transferee, such Stockholder
shall, as a condition to any such Transfer, require such transferee to enter into a Joinder Agreement in the form attached hereto as Annex A to become party to this Agreement and, upon such entry, such transferee shall be deemed to be an
Investor, Hsieh or Management Stockholder, as applicable, for all purposes herein. If any such transferee is an individual, is married and is either a resident of a state that grants a spouse community property rights or has a spouse to whom
community property or similar rights would be available, such Stockholder shall, as a condition to such Transfer, cause such transferee to deliver to the Company and the other Stockholders a duly executed copy of a Spousal Consent in the form
attached hereto as Annex B. At least 15 days prior to the Transfer of shares of Class A Common Stock pursuant to this Section 3.2(f) (other than in the case of Transfers pursuant clauses (i)(A) or (i)(B) of the definition of “Permitted
Transferee,” in which case as promptly as practicable following such Transfer), the transferor shall deliver a written notice to the Company, which notice shall disclose in reasonable detail the identity of such transferee(s). Notwithstanding
the foregoing, no Stockholder hereto shall avoid the provisions of Section 3.2(a), Section 3.2(b) or Section 3.2(c) by (A) making one or more Transfers to one or more Permitted Transferees and then disposing of all or any portion of such
party’s interest in any such Permitted Transferee or (B) Transferring the securities of any entity holding (directly or indirectly) shares of Common Stock. 

  

	(g)	Applicability of Restrictions on Transfer. The restrictions on Transfer set forth in this Section 3.2 shall begin on the Effective Date and terminate on the Parthenon Non-Exclusive Date; provided that,
notwithstanding anything in this Agreement to the contrary, the restrictions on Transfers set forth in this Section 3.2 shall not apply to any shares of Class A Common Stock acquired or received by Hsieh or a Management Stockholder after the closing
of the IPO (including pursuant to any employee benefit plan of the Company) and not received in connection with an Exchange. Notwithstanding anything to the contrary contained herein, no Stockholder may Transfer any share of Class A Common Stock to
the extent such share is not fully vested at the time of such Transfer. 

 3.3 Transfers in Violation of Agreement. Any
Transfer or attempted Transfer of any shares of Class A Common Stock in violation of any provision of this Agreement shall be void, and the Company shall not record such Transfer on its books or treat any purported transferee of such shares of Class
A Common Stock as the owner of such shares of Class A Common Stock for any purpose. 
  

	4.	REMEDIES. 

 4.1 Specific Performance. The parties shall have all remedies
available at law, in equity or otherwise in the event of any breach or violation of this Agreement or any default hereunder. The parties acknowledge and agree that in the event of any breach of this Agreement, in addition to any other remedies which
may be available, each party hereto shall be entitled to specific performance of the obligations of the other party hereto and, in addition, to such other equitable remedies (including preliminary or temporary relief) as may be appropriate in the
circumstances. 

  
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	5.	AMENDMENT, TERMINATION, ETC. 

 5.1 Written Modifications. This Agreement may not
be orally amended or modified and no oral waiver of any of its terms shall be effective. This Agreement may be amended or modified and the provisions hereof may be waived, only by an agreement in writing signed by the Company and the Stockholders.
Each such amendment, modification or waiver shall be binding upon each party hereto. Notwithstanding the foregoing, the Investors and Hsieh may release certain Management Stockholders from the restrictions on Transfer set forth in Section 3.2 from
time to time. 
 5.2 Withdrawal from Agreement. The Investors and Hsieh may at any time jointly elect, by giving written notice of
withdrawal to the Company, to terminate this Agreement. From the date of delivery of such withdrawal notice, the Investors and Hsieh shall each cease to be a party to this Agreement and shall each no longer be subject to the obligations of this
Agreement or have rights under this Agreement. 
 5.3 Termination. Except as provided in the first sentence of Section 5.4, this
Agreement shall terminate upon the occurrence of any of the following: (a) at such time as the Investors no longer collectively Beneficially Own shares of Class A Common Stock representing at least 5% of the aggregate issued and outstanding Class A
Common Stock; or (b) upon the Investors’ notice of withdrawal from this Agreement pursuant to Section 5.2 hereof. 
 5.4 Effect of
Termination. No termination under this Agreement shall relieve any Person of liability for a material breach hereof prior to such termination. 
  

	6.	MATTERS OF CONSTRUCTION; DEFINITIONS. 

 6.1 Certain Matters of Construction. 

 

	(a)	The words “hereof”, “herein”, “hereunder” and words of similar import shall refer to this Agreement as a whole and not to any particular Section or provision of this Agreement, and
reference to a particular Section of this Agreement shall include all subsections thereof; 

  

	(b)	The word “including” shall mean “including, without limitation”; 

  

	(c)	Definitions shall be equally applicable to both nouns and verbs and the singular and plural forms of the terms defined; and 

  

	(d)	The masculine, feminine and neuter genders shall each include the other. 

 6.2
Definitions. The following terms shall have the following meanings: 
 “6th LLC Agreement” shall have the meaning
set forth in the Recitals. 
 “7th LLC Agreement” shall have the meaning set forth in the Recitals. 

“Additional Transfer Amount” shall have the meaning set forth in Section 3.2(c). 

“Agreement” shall have the meaning set forth in the preamble. 

“Affiliate” shall mean, respect to any Person, any other Person that controls, is controlled by, or is under common control
with, such Person; the term “control” as used in this definition, means the power to direct or cause the direction of the management and policies of such Person, directly or indirectly, whether through the ownership of voting
securities, by contract or otherwise, and “controlled” and “controlling” shall have meanings correlative to the foregoing. 

  
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 “Beneficially Own” shall mean that a specified Person has or shares the right,
directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, to vote shares of capital stock of the Company, and “Beneficially Owned” shall have a correlative meaning. 

“Board” shall mean the board of directors of the Company. 

“Class A Common Stock” shall have the meaning set forth in the Recitals. 

“Class B Common Stock” shall have the meaning set forth in the Recitals. 

“Commission” shall mean the Securities and Exchange Commission. 

“Common Stock” shall mean, collectively, the Class A Common Stock and Class B Common Stock. 

“Company” shall have the meaning set forth in the Preamble. 

“Continuing LLC Members” shall mean the members of LDLLC (excluding Parthenon Blocker and the holders of Class I Common Units
of LDLLC) immediately prior to the IPO. 
 “Demand Transfer Amount” shall have the meaning set forth in Section 3.2(b).

 “Designated Director” shall have the meaning set forth in Section 2.3. 

“Effective Date” shall have the meaning set forth in Section 1.1. 

“Eligible Remaining Transfer Amount” shall have the meaning set forth in Section 3.2(d). 

“Exchange” shall have the meaning set forth in the Recitals. 

“Exchange Act” shall mean the Securities Exchange Act of 1934, as in effect from time to time. 

“Family Group” shall mean, as to any particular Person, (i) such Person’s spouse, domestic partner, parent, sibling and
descendants (whether natural or adopted) (collectively, for purposes of this definition, “relatives”), (ii) any trust or other estate planning vehicle controlled solely by such Person and created solely for the benefit of such
Person and/or such Person’s relatives, and (iii) with respect to Hsieh, the charitable entities identified by Hsieh from time to time; provided, that if any portion of any gift or grant to any such charitable entity (x) purports to
Transfer voting control of any shares of Hsieh Common Stock and (y) such entity either is not controlled by Hsieh or does not provide a proxy for voting such Common Stock in proportion to the remaining Hsieh Common Stock, then such gift or grant to
such charitable entity shall require the prior approval of the Board, which approval shall not be unreasonably withheld, delayed or conditioned. 

“Holdco Units” shall have the meaning set forth in the Recitals. 

“Holdings LLC Agreement” shall have the meaning set forth in the Recitals. 

“Hsieh” shall have the meaning set forth in the preamble. 

“Hsieh Common Stock” shall have the meaning set forth in Section 2.5(a). 

“Hsieh Sale Transaction” shall mean any Transfer of shares of Class A Common Stock to the public pursuant to an offering
registered under the Securities Act, which offering was initially requested by Hsieh to be registered pursuant to Section 2(a) of the Registration Rights Agreement. 

“Investors” shall have the meaning set forth in the preamble. 

  
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 “Investor Common Stock” shall have the meaning set forth in Section 2.5(c). 

“IPO” shall have the meaning set forth in the Recitals. 

“LD Holdings” shall have the meaning set forth in the Recitals. 

“LDLLC” shall have the meaning set forth in the Recitals. 

“LLC Units” shall have the meaning set forth in the Recitals. 

“Management Selling Ratio” shall have the meaning set forth in Section 3.2(b)(ii). 

“Management Stockholders” shall have the meaning set forth in the preamble. 

“Necessary Action” shall mean, with respect to a specified result, all actions permitted by law necessary to cause such
result, including (i) in the case of a stockholder of the Company, to vote or provide a written consent or proxy with respect to the Common Stock, (ii) causing members of the Board (to the extent such members were nominated or designated by the
Person obligated to undertake the Necessary Action, and subject to any fiduciary duties that such members may have as directors of the Company) to act in a certain manner or causing them to be removed in the event they do not act in such a manner
and to adopt resolutions consistent with the foregoing, (iii) executing agreements and instruments, and (iv) making, or causing to be made, with governmental, administrative or regulatory authorities, all filings, registrations or similar actions
that are required to achieve such result. 
 “Net Proceeds” shall mean the net proceeds (excluding underwriting discounts
and commissions) of any Transfer of shares of Class A Common Stock. 
 “Nominee” shall have the meaning set forth in
Section 2.1. 
 “Parthenon Blocker” shall mean LD Investment Holdings, Inc., a Delaware corporation. 

“Parthenon Group” shall mean PCP Managers, LLC, each of the Investors and their respective successors. A “member”
of the Parthenon Group shall mean any Person who is part of the Parthenon Group. 
 “Parthenon Non-Exclusive Date” shall
mean the earlier of (i) such time that the shares of Class A Common Stock collectively held by the Investors represent less than 5% of the aggregate issued and outstanding shares of Class A Common Stock and (ii) the second anniversary of the
completion of the IPO. 
 “Permitted Transferee” shall mean (i) in the case of Hsieh or a Management Stockholder, a
transferee of Common Stock (A) in the event of such Stockholder’s death, pursuant to will or applicable laws of descent or distribution, (B) to his or her legal guardian (in case of any mental incapacity), (C) to a bona fide charitable
organization or (D) to or among his or its Family Group or Affiliates, and (ii) in the case of the Investors, any member of the Parthenon Group or any Affiliate thereof (other than any portfolio company controlled directly or indirectly by any
member of the Parthenon Group or such Affiliate). 
 “Person” shall mean any individual, partnership, corporation, company,
association, trust, joint venture, limited liability company, unincorporated organization, entity or division, or any government, governmental department or agency or political subdivision thereof. 

“Registration Rights Agreement” shall mean the Registration Rights Agreement, dated as of
[                    ], 2015, by and among the Company and certain other parties signatory thereto, as amended from time to time. 

“Required Shelf Registration Statement” shall have the meaning ascribed to such term in the Registration Rights Agreement.

  
 9 

 “Sale Transaction” shall mean any Transfer of shares of Class A Common Stock to
the public pursuant to an offering registered under the Securities Act in which any Investor Transfers shares of Class A Common Stock. 

“Securities Act” shall mean the Securities Act of 1933, as in effect from time to time. 

“Stockholders” shall have the meaning set forth in the preamble. 

“Transfer” shall mean to sell, transfer, assign, pledge or otherwise, directly or indirectly, dispose of (whether with or
without consideration and whether voluntarily or involuntarily or by operation of law). 
 “Transfer Amount” shall have the
meaning set forth in Section 3.2(a). 
  

	7.	MISCELLANEOUS. 

 7.1 Authority; Effect. Each party hereto represents and warrants
to and agrees with each other party that (a) to the extent that such party is an individual, such party has the legal capacity to execute and deliver this Agreement and to consummate the transactions contemplated hereby, (b) to the extent that such
party is an entity, such party has the full limited liability company or other entity power and authority to execute, deliver and perform this Agreement and to consummate the transactions contemplated hereby, and the execution and delivery by such
party of this Agreement and the consummation by such party of the transactions contemplated hereby have been duly authorized by all necessary limited liability company or other entity action on the part of such party and no other proceedings on the
part of such party are necessary to approve this Agreement and to consummate the transactions contemplated hereby, and (c) neither the execution nor the delivery of this Agreement nor the consummation of the transactions contemplated hereby will
violate any material agreement or other instrument applicable to such party or by which its assets are bound. This Agreement does not, and shall not be construed to, give rise to the creation of a partnership among any of the parties hereto, or to
constitute any of such parties members of a joint venture or other association. 
 7.2 Notices. Any notices and other communications
required or permitted in this Agreement shall be effective if in writing and (a) delivered personally, (b) sent by facsimile, or (c) sent by overnight courier, in each case, addressed as follows: 

If to the Company, to: 

loanDepot, Inc. 
 26642 Towne
Centre Drive 
 Foothill Ranch, CA 92610 

Facsimile: 
 Attention: Chief
Executive Officer 
 with copies to: 

Kirkland & Ellis LLP 
 300 N.
LaSalle 
 Chicago, IL 60654 

Facsimile: (312) 862-2200 

Attention: Jeffrey Seifman, P.C. 

and Shelly M. Hirschtritt, P.C. 

and Tana M. Ryan 
 If to the
Investors, to: 
 Parthenon Capital Partners 

Four Embarcadero Center, Suite 3610 

San Francisco, CA 94111 

Facsimile: (415) 913-3913 

Attention: Brian P. Golson 
 and
Andrew C. Dodson 

  
 10 

 with copies to: 

Kirkland & Ellis LLP 
 300 N.
LaSalle 
 Chicago, IL 60654 

Facsimile: (312) 862-2200 

Attention: Jeffrey Seifman, P.C. 

and Shelly M. Hirschtritt, P.C. 

and Tana M. Ryan 
 If to Anthony
Hsieh or JLSA, LLC, to: 
 [            ] 

[            ] 

Facsimile: [            ] 

with copies to: 
 Munger, Tolles
& Olson LLP 
 355 South Grand Avenue 

Los Angeles, California 90071 

Attention: Kevin S. Masuda 

Facsimile: (213) 683-4087 
 If to
Trilogy Mortgage Holdings, Inc., to: 
 3355 Michelson Dr., Suite 300 

Irvine, California 92612 

Attention: Anthony Hsieh 

Facsimile: [            ] 

with copies to: 
 Munger, Tolles
& Olson LLP 
 355 South Grand Avenue 

Los Angeles, California 90071 

Attention: Kevin S. Masuda 

Facsimile: (213) 683-4087 

Notice to the holder of record of any shares of capital stock shall be deemed to be notice to the holder of such shares for all purposes
hereof. 
 Unless otherwise specified herein, such notices or other communications shall be deemed effective (x) on the date received, if
personally delivered, (y) on the date received if delivered by facsimile on a business day, or if not delivered on a business day, on the first business day thereafter, and (z) two business days after being sent by overnight courier. Each of the
parties hereto shall be entitled to specify a different address by giving notice as aforesaid to each of the other parties hereto. 
 7.3
Binding Effect, Etc. This Agreement constitutes the entire agreement of the parties with respect to the subject matter, supersedes in its entirety all prior or contemporaneous oral or written agreements or discussions with respect to its
subject matter and shall be binding upon and inure to the benefit of the parties hereto and their 

  
 11 

 
respective successors and permitted assigns. None of the parties hereto may assign any of its respective rights or delegate any of its respective obligations under this Agreement without the
prior written consent of the other parties hereto, and any attempted assignment or delegation in violation of the foregoing shall be null and void; provided, however, that each of the Investors, Hsieh and the Management Stockholders
shall be entitled to assign its rights hereunder to any of its Permitted Transferees in connection with a Transfer of its Common Stock in accordance with this Agreement without the prior written consent of the Company so long as such member has
agreed in writing to be bound by the terms of this Agreement pursuant to a Joinder Agreement. 
 7.4 Descriptive Heading. The
descriptive headings of this Agreement are for convenience of reference only, are not to be considered a part hereof and shall not be construed to define or limit any of the terms or provisions hereof. 

7.5 Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, but all of which
taken together shall constitute one instrument. 
 7.6 Severability. In the event that any provision hereof would, under applicable
law, be invalid or unenforceable in any respect, such provision shall be construed by modifying or limiting it so as to be valid and enforceable to the maximum extent compatible with, and possible under, applicable law. The provisions hereof are
severable, and in the event any provision hereof should be held invalid or unenforceable in any respect, it shall not invalidate, render unenforceable or otherwise affect any other provision hereof. 

7.7 No Recourse. Notwithstanding anything that may be expressed or implied in this Agreement, the Company and the Investors covenant,
agree and acknowledge that no recourse under this Agreement shall be had against any current or future director, officer, employee, general or limited partner or member of any Investor or of any Affiliate thereof, as such, whether by the enforcement
of any assessment or by any legal or equitable proceeding, or by virtue of any statute, regulation or other applicable law, it being expressly agreed and acknowledged that no personal liability whatsoever shall attach to, be imposed on or otherwise
be incurred by any current or future director, officer, employee, general or limited partner or member of any Investor or any Affiliate thereof, as such, for any obligation of the Investors under this Agreement. 

7.8 No Strict Construction. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In the
event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the
authorship of any of the provisions of this Agreement. 
  

	8.	GOVERNING LAW. 

 8.1 Governing Law. This Agreement and all claims arising out of
or based upon this Agreement or relating to the subject matter hereof shall be governed by and construed in accordance with the domestic substantive laws of the State of Delaware without giving effect to any choice or conflict of laws provision or
rule that would cause the application of the domestic substantive laws of any other jurisdiction. 
 8.2 Consent to Jurisdiction.
Each party to this Agreement, by its execution hereof, (a) hereby irrevocably submits to the non-exclusive jurisdiction of the state and federal courts sitting in the State of Delaware for the purpose of any action, claim, cause of action or suit
(in contract, tort or otherwise), inquiry, proceeding or investigation arising out of or based upon this Agreement or relating to the subject matter hereof, (b) hereby waives to the extent not prohibited by applicable law, and agrees not to assert,
and agrees not to allow any of its subsidiaries to assert, by way of motion, as a defense or otherwise, in any such action, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or
immune from attachment or execution, that any such proceeding brought in one of the above-named courts is improper, or that this Agreement or the subject matter hereof or thereof may not be enforced in or by such court and (c) hereby agrees not to
commence or maintain any action, claim, cause of action or suit (in contract, tort or otherwise), inquiry, proceeding or investigation arising out of or based upon this Agreement or relating to the subject matter hereof other than before one of the
above-named courts nor to make any motion or take any other action seeking or intending to cause the transfer or removal of any such action, claim, cause of action or suit (in contract, tort or otherwise), inquiry, proceeding or investigation to any
court other than one of the above-named courts whether on the grounds of 

  
 12 

 
inconvenient forum or otherwise. Notwithstanding the foregoing, any party to this Agreement may commence and maintain an action to enforce a judgment of any of the above-named courts in any court
of competent jurisdiction. Each party hereto hereby consents to service of process in any such proceeding in any manner permitted by Delaware law, and agrees that service of process by registered or certified mail, return receipt requested, at its
address specified pursuant to Section 7.2 hereof is reasonably calculated to give actual notice. 
 8.3 WAIVER OF JURY TRIAL. TO THE
EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE WAIVED, EACH PARTY HERETO HEREBY WAIVES AND COVENANTS THAT IT WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE) ANY RIGHT TO TRIAL BY JURY IN ANY FORUM IN RESPECT OF ANY ISSUE OR
ACTION, CLAIM, CAUSE OF ACTION OR SUIT (IN CONTRACT, TORT OR OTHERWISE), INQUIRY, PROCEEDING OR INVESTIGATION ARISING OUT OF OR BASED UPON THIS AGREEMENT OR THE SUBJECT MATTER HEREOF OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE
TRANSACTIONS CONTEMPLATED HEREBY, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING. EACH PARTY HERETO ACKNOWLEDGES THAT IT HAS BEEN INFORMED BY THE OTHER PARTIES HERETO THAT THIS SECTION 8.3 CONSTITUTES A MATERIAL INDUCEMENT UPON WHICH THEY
ARE RELYING AND WILL RELY IN ENTERING INTO THIS AGREEMENT. EITHER PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 8.3 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE OTHER PARTY TO THE WAIVER OF ITS RIGHT TO TRIAL BY
JURY. 
 8.4 Exercise of Rights and Remedies. No delay of or omission in the exercise of any right, power or remedy accruing to any
party as a result of any breach or default by the other party under this Agreement shall impair any such right, power or remedy, nor shall it be construed as a waiver of or acquiescence in any such breach or default, or of any similar breach or
default occurring later; nor shall any such delay, omission nor waiver of any single breach or default be deemed a waiver of any other breach or default occurring before or after that waiver. 

*        *        *       
 *        * 

  
 13 

 IN WITNESS WHEREOF, the parties hereto have executed this Stockholders Agreement on the day and
year first written above. 
  

			
	LOANDEPOT, INC.
		
	By:	 	 
	Name:	 	
	Its:	 	

  

  
 [Signature Page to
Stockholders Agreement] 

 [OTHERS TO COME]1 

 
   

 

	1 	Investors, Hsieh and all executive officers and directors of the Company 

  
 [Signature Page to
Stockholders Agreement] 

 ANNEX A 

JOINDER AGREEMENT TO 

STOCKHOLDERS AGREEMENT 

This Joinder Agreement (this “Joinder Agreement”) is made by the undersigned (the “Joining Party”) in
accordance with that certain Stockholders Agreement, dated as of                     , 2015, by and among loanDepot, Inc., a Delaware
corporation (the “Company”) and the stockholders party thereto (as may be amended, the “Stockholders Agreement”), in favor of and for the benefit of the Company and such stockholders. Capitalized terms used but not
defined herein shall have the meanings given to such terms in the Stockholders Agreement. 
 The Joining Party hereby acknowledges, agrees
and confirms that, by his, her or its execution of this Joinder Agreement, the Joining Party will be deemed to be a party to the Stockholders Agreement and shall have all of the obligations under the Stockholders Agreement as a Management
Stockholder, Investor or Hsieh, as applicable, as if he, she or it had been an original signatory to the Stockholders Agreement. The Joining Party hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and
conditions contained in the Stockholders Agreement. 
 IN WITNESS WHEREOF, the undersigned has executed this Joinder Agreement as of the
date written below. 
  

									
					
	Date:	 	 	 		 	Name:	 	 
		 		 		 		 	

  
 16 

 ANNEX B 

SPOUSAL CONSENT 
 The undersigned spouse
of                          hereby acknowledges that I am aware that the foregoing Stockholders Agreement imposes certain
restrictions on my spouse’s Common Stock (including restrictions on transfer). I agree that my spouse’s interest in such Common Stock is subject to these restrictions and any interest that I may have in such Common Stock shall be
irrevocably bound by the Stockholders Agreement and further, that my community property interest, if any, shall be similarly bound by the Stockholders Agreement. 
  

					
	 	  	Date:	  	 

			
		
	Spouse’s Name:	  	 

  

					
	 	  	Date:	  	 

			
		
	Witness’ Name:	  	 

  
 17EX-10.4

 Exhibit 10.4 

LOANDEPOT, INC. 
  

 
 2015 OMNIBUS
INCENTIVE PLAN 
  
  

ARTICLE I 
 PURPOSE

 The purpose of this loanDepot, Inc. 2015 Omnibus Incentive Plan is to enhance the profitability and value of the Company for the
benefit of its stockholders by enabling the Company to offer Eligible Individuals cash and stock-based incentives in order to attract, retain and reward such individuals and strengthen the mutuality of
interests between such individuals and the Company’s stockholders. The Plan is effective as of the date set forth in Article XVI. 

ARTICLE II 
 DEFINITIONS

 For purposes of the Plan, the following terms shall have the following meanings: 

2.1 “Affiliate” means each of the following: (a) any Subsidiary; (b) any Parent; (c) any corporation,
trade or business (including, without limitation, a partnership or limited liability company) which is directly or indirectly controlled 50% or more (whether by ownership of stock, assets or an equivalent ownership interest or voting interest) by
the Company or one of its Affiliates; (d) any trade or business (including, without limitation, a partnership or limited liability company) which directly or indirectly controls 50% or more (whether by ownership of stock, assets or an
equivalent ownership interest or voting interest) of the Company; and (e) any other entity in which the Company or any of its Affiliates has a material equity interest and which is designated as an “Affiliate” by resolution of the
Committee; provided that, unless otherwise determined by the Committee, the Common Stock subject to any Award constitutes “service recipient stock” for purposes of Section 409A of the Code or otherwise does not subject the Award to
Section 409A of the Code. 
 2.2 “Award” means any award under the Plan of any Stock Option, Stock Appreciation
Right, Restricted Stock Award, Performance Award, Other Stock-Based Award, Other Cash-Based Award or LTIP Units. All Awards shall be granted by, confirmed by, and subject to the terms of, a written agreement executed by the Company and the
Participant. 
 2.3 “Award Agreement” means the written or electronic agreement setting forth the terms and
conditions applicable to an Award. 
 2.4 “Board” means the Board of Directors of the Company. 

2.5 “Cause” means, unless otherwise determined by the Committee in the applicable Award Agreement, with respect to a
Participant’s Termination of Employment or Termination of Consultancy, the following: (a) in the case where there is no employment agreement, consulting 

 
agreement, change in control agreement or similar agreement in effect between the Company or an Affiliate and the Participant at the time of the grant of the Award (or where there is such an
agreement but it does not define “cause” (or words of like import)), termination due to a Participant’s insubordination, dishonesty, fraud, incompetence, moral turpitude, willful misconduct, refusal to perform the Participant’s
duties or responsibilities for any reason other than illness or incapacity or materially unsatisfactory performance of the Participant’s duties for the Company or an Affiliate, as determined by the Committee in its good faith discretion; or
(b) in the case where there is an employment agreement, consulting agreement, change in control agreement or similar agreement in effect between the Company or an Affiliate and the Participant at the time of the grant of the Award that defines
“cause” (or words of like import), “cause” as defined under such agreement; provided, however, that with regard to any agreement under which the definition of “cause” only applies on occurrence of a change in control,
such definition of “cause” shall not apply until a change in control actually takes place and then only with regard to a termination thereafter. With respect to a Participant’s Termination of Directorship, “cause” means an
act or failure to act that constitutes cause for removal of a director under applicable Delaware law. 
 2.6 “Change in
Control” has the meaning set forth in 12.2. 
 2.7 “Change in Control Price” has the meaning set forth
in Section 12.1. 
 2.8 “Code” means the Internal Revenue Code of 1986, as amended. Any reference to any
section of the Code shall also be a reference to any successor provision and any regulation of U.S. Department of Treasury promulgated thereunder (the “Treasury Regulation”). 

2.9 “Committee” means any committee of the Board duly authorized by the Board to administer the Plan. If no committee
is duly authorized by the Board to administer the Plan, the term “Committee” shall be deemed to refer to the Board for all purposes under the Plan. 

2.10 “Common Stock” means the Class A common stock, $0.001 par value per share, of the Company. 

2.11 “Company” means loanDepot, Inc., a Delaware corporation, and its successors by operation of law. 

2.12 “Consultant” means any Person who is an advisor or consultant to the Company or its Affiliates. 

2.13 “Disability” means, unless otherwise determined by the Committee in the applicable Award Agreement, with respect
to a Participant’s Termination, a permanent and total disability as defined in Section 22(e)(3) of the Code. A Disability shall only be deemed to occur at the time of the determination by the Committee of the Disability. Notwithstanding
the foregoing, for Awards that are subject to Section 409A of the Code, Disability shall mean that a Participant is disabled under Section 409A(a)(2)(C)(i) or (ii) of the Code. 

2.14 “Effective Date” means the effective date of the Plan as defined in Article XVI. 

2.15 “Eligible Employees” means each employee of the Company or an Affiliate. 

  
 2 

 2.16 “Eligible Individual” means an Eligible Employee, Non-Employee
Director or Consultant who is designated by the Committee in its discretion as eligible to receive Awards subject to the conditions set forth herein. 

2.17 “Exchange Act” means the Securities Exchange Act of 1934, as amended. Reference to a specific section of the
Exchange Act or regulation thereunder shall include such section or regulation, any valid regulation or interpretation promulgated under such section, and any comparable provision of any future legislation or regulation amending, supplementing or
superseding such section or regulation. 
 2.18 “Fair Market Value” means, for purposes of the Plan, unless
otherwise required by any applicable provision of the Code or any regulations issued thereunder, as of any date and except as provided below, the last sales price reported for the Common Stock on the applicable date: (a) as reported on the
principal national securities exchange in the United States on which it is then traded or (b) if the Common Stock is not traded, listed or otherwise reported or quoted, the Committee shall determine in good faith the Fair Market Value in
whatever manner it considers appropriate taking into account the requirements of Section 409A of the Code. For purposes of the grant of any Award, the applicable date shall be the trading day immediately prior to the date on which the Award is
granted. For purposes of the exercise of any Award, the applicable date shall be the date a notice of exercise is received by the Committee or, if not a day on which the applicable market is open, the next day that it is open. 

2.19 “Family Member” means “family member” as defined in Section A.1.(a)(5) of the general instructions of
Form S-8. 
 2.20 “Holdings” means loanDepot Holdings, LLC. 

2.21 “Incentive Stock Option” means any Stock Option awarded to an Eligible Employee of the Company, its Subsidiaries
and its Parents (if any) under the Plan intended to be and designated as an “Incentive Stock Option” within the meaning of Section 422 of the Code. 

2.22 “LLC Agreement” means the the Limited Liability Company Agreement of loanDepot Holdings, LLC, dated as of
                    , 2015, as may be amended and/or restated from time to time. 

2.23 “Lead Underwriter” has the meaning set forth in Section 15.19. 

2.24 “Lock-Up Period” has the meaning set forth in Section 15.19. 

2.25 “LTIP Units” shall mean common units in Holdings issued under the LLC Agreement. 

2.26 “Non-Employee Director” means a director or a member of the Board of the Company or any Affiliate who is not an
active employee of the Company or any Affiliate. 
 2.27 “Non-Qualified Stock Option” means any Stock Option awarded
under the Plan that is not an Incentive Stock Option. 

  
 3 

 2.28 “Non-Tandem Stock Appreciation Right” shall mean the right to
receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on
surrender of a Stock Option. 
 2.29 “Other Cash-Based Award” means an Award granted pursuant to Section 11.3
of the Plan and payable in cash at such time or times and subject to such terms and conditions as determined by the Committee in its sole discretion. 

2.30 “Other Stock-Based Award” means an Award under Article XI of the Plan that is valued in whole or in part by
reference to, or is payable in or otherwise based on, Common Stock, including, without limitation, an Award valued by reference to an Affiliate. 

2.31 “Parent” means any parent corporation of the Company within the meaning of Section 424(e) of the Code. 

2.32 “Participant” means an Eligible Individual to whom an Award has been granted pursuant to the Plan. 

2.33 “Performance Award” means an Award granted to a Participant pursuant to Article IX hereof contingent upon
achieving certain Performance Goals. 
 2.34 “Performance Goals” means goals established by the Committee as
contingencies for Awards to vest and/or become exercisable or distributable based on one or more of the performance goals set forth in Exhibit A hereto. 

2.35 “Performance Period” means the designated period during which the Performance Goals must be satisfied with
respect to the Award to which the Performance Goals relate. 
 2.36 “Person” means an individual, a partnership, a
corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, an unincorporated organization and a government or any branch, department, agency, political subdivision or official thereof. 

2.37 “Plan” means this loanDepot, Inc. 2015 Omnibus Incentive Plan, as amended from time to time. 

2.38 “Proceeding” has the meaning set forth in Section 15.8. 

2.39 “Reference Stock Option” has the meaning set forth in Section 7.1. 

2.40 “Registration Date” means the date on which the Company sells its Common Stock in a bona fide, firm commitment
underwriting pursuant to a registration statement under the Securities Act. 
 2.41 “Reorganization” has the meaning
set forth in Section 4.2(b)(ii). 

  
 4 

 2.42 “Restricted Stock” means an Award of shares of Common Stock under
the Plan that is subject to restrictions under Article VIII. 
 2.43 “Restriction Period” has the meaning set forth
in Section 8.3(a) with respect to Restricted Stock. 
 2.44 “Rule 16b-3” means Rule 16b-3 under Section 16(b) of the Exchange Act as then in effect or any successor provision. 

2.45 “Section 162(m) of the Code” means the exception for performance-based compensation under Section 162(m) of
the Code and any applicable Treasury Regulations thereunder. 
 2.46 “Section 409A of the Code” means the
nonqualified deferred compensation rules under Section 409A of the Code and any applicable Treasury Regulations and other official guidance thereunder. 

2.47 “Securities Act” means the Securities Act of 1933, as amended and all rules and regulations promulgated
thereunder. Reference to a specific section of the Securities Act or regulation thereunder shall include such section or regulation, any valid regulation or interpretation promulgated under such section, and any comparable provision of any future
legislation or regulation amending, supplementing or superseding such section or regulation. 
 2.48 “Stock Appreciation
Right” shall mean the right pursuant to an Award granted under Article VII. 
 2.49 “Stock Option” or
“Option” means any option to purchase shares of Common Stock granted to Eligible Individuals granted pursuant to Article VI. 

2.50 “Subsidiary” means any subsidiary corporation of the Company within the meaning of Section 424(f) of the
Code. 
 2.51 “Tandem Stock Appreciation Right” shall mean the right to surrender to the Company all (or a portion)
of a Stock Option in exchange for an amount in cash and/or stock equal to the difference between (i) the Fair Market Value on the date such Stock Option (or such portion thereof) is surrendered, of the Common Stock covered by such Stock Option
(or such portion thereof), and (ii) the aggregate exercise price of such Stock Option (or such portion thereof). 
 2.52
“Ten Percent Stockholder” means a Person owning stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company, its Subsidiaries or its Parent. 

2.53 “Termination” means a Termination of Consultancy, Termination of Directorship or Termination of Employment, as
applicable. 
 2.54 “Termination of Consultancy” means: (a) that the Consultant is no longer acting as a
consultant to the Company or an Affiliate; or (b) when an entity which is retaining a 

  
 5 

 
Participant as a Consultant ceases to be an Affiliate unless the Participant otherwise is, or thereupon becomes, a Consultant to the Company or another Affiliate at the time the entity ceases to
be an Affiliate. In the event that a Consultant becomes an Eligible Employee or a Non-Employee Director upon the termination of such Consultant’s consultancy, unless otherwise determined by the Committee,
in its sole discretion, no Termination of Consultancy shall be deemed to occur until such time as such Consultant is no longer a Consultant, an Eligible Employee or a Non-Employee Director. Notwithstanding the
foregoing, the Committee may otherwise define Termination of Consultancy in the Award Agreement or, if no rights of a Participant are reduced, may otherwise define Termination of Consultancy thereafter, provided that any such change to the
definition of the term “Termination of Consultancy” does not subject the applicable Award to Section 409A of the Code. 

2.55 “Termination of Directorship” means that the Non-Employee Director has
ceased to be a director of the Company; except that if a Non-Employee Director becomes an Eligible Employee or a Consultant upon the termination of such Non-Employee Director’s directorship, such
Non-Employee Director’s ceasing to be a director of the Company shall not be treated as a Termination of Directorship unless and until the Participant has a Termination of Employment or Termination of Consultancy, as the case may be. 

2.56 “Termination of Employment” means: (a) a termination of employment (for reasons other than a military or
personal leave of absence granted by the Company) of a Participant from the Company and its Affiliates; or (b) when an entity which is employing a Participant ceases to be an Affiliate, unless the Participant otherwise is, or thereupon becomes,
employed by the Company or another Affiliate at the time the entity ceases to be an Affiliate. In the event that an Eligible Employee becomes a Consultant or a Non-Employee Director upon the termination of
such Eligible Employee’s employment, unless otherwise determined by the Committee, in its sole discretion, no Termination of Employment shall be deemed to occur until such time as such Eligible Employee is no longer an Eligible Employee, a
Consultant or a Non-Employee Director. Notwithstanding the foregoing, the Committee may otherwise define Termination of Employment in the Award Agreement or, if no rights of a Participant are reduced, may
otherwise define Termination of Employment thereafter, provided that any such change to the definition of the term “Termination of Employment” does not subject the applicable Award to Section 409A of the Code. 

2.57 “Transfer” means: (a) when used as a noun, any direct or indirect transfer, sale, assignment, pledge,
hypothecation, encumbrance or other disposition (including the issuance of equity in any entity), whether for value or no value and whether voluntary or involuntary (including by operation of law), and (b) when used as a verb, to directly or
indirectly transfer, sell, assign, pledge, encumber, charge, hypothecate or otherwise dispose of (including the issuance of equity in any entity) whether for value or for no value and whether voluntarily or involuntarily (including by operation of
law). “Transferred” and “Transferable” shall have a correlative meaning. 
 2.58 “Transition
Period” means the period beginning with the Registration Date and ending as of the earlier of: (i) the date of the first annual meeting of stockholders of the Company at which directors are to be elected that occurs after the close
of the third calendar year following the calendar year in which the Registration Date occurs; and (ii) the expiration of the “reliance period” under Treasury Regulation Section 1.162-27(f)(2). 

  
 6 

 ARTICLE III 

ADMINISTRATION 
 3.1
The Committee. The Plan shall be administered and interpreted by the Committee. To the extent required by applicable law, rule or regulation, it is intended that each member of the Committee shall qualify as (a) a “non-employee
director” under Rule 16b-3, (b) an “outside director” under Section 162(m) of the Code and (c) an “independent director” under the rules of any national securities exchange or national securities association,
as applicable. If it is later determined that one or more members of the Committee do not so qualify, actions taken by the Committee prior to such determination shall be valid despite such failure to qualify. 

3.2 Grants of Awards. The Committee shall have full authority to grant, pursuant to the terms of the Plan, to Eligible
Individuals: (i) Stock Options, (ii) Stock Appreciation Rights, (iii) Restricted Stock Awards, (iv) Performance Awards; (v) Other Stock-Based Awards; (vi) Other Cash-Based Awards; and (v) LTIP Units. In particular,
the Committee shall have the authority: 
 (a) to select the Eligible Individuals to whom Awards may from time to time be granted hereunder;

 (b) to determine whether and to what extent Awards, or any combination thereof, are to be granted hereunder to one or more Eligible
Individuals; 
 (c) to determine the number of shares of Common Stock to be covered by each Award granted hereunder; 

(d) to determine the terms and conditions, not inconsistent with the terms of the Plan, of any Award granted hereunder (including, but not
limited to, the exercise or purchase price (if any), any restriction or limitation, any vesting schedule or acceleration thereof, or any forfeiture restrictions or waiver thereof, regarding any Award and the shares of Common Stock relating thereto,
based on such factors, if any, as the Committee shall determine, in its sole discretion); 
 (e) to determine the amount of cash to be
covered by each Award granted hereunder; 
 (f) to determine whether, to what extent and under what circumstances grants of Options and
other Awards under the Plan are to operate on a tandem basis and/or in conjunction with or apart from other awards made by the Company outside of the Plan; 

(g) to determine whether and under what circumstances a Stock Option may be settled in cash, Common Stock and/or Restricted Stock under
Section 6.4(d); 
 (h) to determine whether a Stock Option is an Incentive Stock Option or
Non-Qualified Stock Option; 

  
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 (i) to determine whether to require a Participant, as a condition of the granting of any Award,
to not sell or otherwise dispose of shares acquired pursuant to the exercise of an Award for a period of time as determined by the Committee, in its sole discretion, following the date of the acquisition of such Award; 

(j) to modify, extend or renew an Award, subject to Article XIII and Section 6.4(l), provided, however, that such action does not subject
the Award to Section 409A of the Code without the consent of the Participant; and 
 (k) solely to the extent permitted by applicable
law, to determine whether, to what extent and under what circumstances to provide loans (which may be on a recourse basis and shall bear interest at the rate the Committee shall provide) to Participants in order to exercise Options under the Plan.

 3.3 Guidelines. Subject to Article XIII hereof, the Committee shall have the authority to adopt, alter and repeal such
administrative rules, guidelines and practices governing the Plan and perform all acts, including the delegation of its responsibilities (to the extent permitted by applicable law and applicable stock exchange rules), as it shall, from time to time,
deem advisable; to construe and interpret the terms and provisions of the Plan and any Award issued under the Plan (and any agreements relating thereto); and to otherwise supervise the administration of the Plan. The Committee may correct any
defect, supply any omission or reconcile any inconsistency in the Plan or in any agreement relating thereto in the manner and to the extent it shall deem necessary to effectuate the purpose and intent of the Plan. The Committee may adopt special
guidelines and provisions for Persons who are residing in or employed in, or subject to, the taxes of, any domestic or foreign jurisdictions to comply with applicable tax and securities laws of such domestic or foreign jurisdictions. Notwithstanding
the foregoing, no action of the Committee under this Section 3.3 shall impair the rights of any Participant without the Participant’s consent. To the extent applicable, the Plan is intended to comply with the applicable requirements of
Rule 16b-3, and with respect to Awards intended to be “performance-based,” the applicable provisions of Section 162(m) of the Code, and the Plan shall be limited, construed and interpreted in a manner so as to comply therewith. 

3.4 Decisions Final. Any decision, interpretation or other action made or taken in good faith by or at the direction of the
Company, the Board or the Committee (or any of its members) arising out of or in connection with the Plan shall be within the absolute discretion of all and each of them, as the case may be, and shall be final, binding and conclusive on the Company
and all employees and Participants and their respective heirs, executors, administrators, successors and assigns. 
 3.5
Procedures. If the Committee is appointed, the Board shall designate one of the members of the Committee as chairman and the Committee shall hold meetings, subject to the By-Laws of the Company, at such times and places as it shall deem
advisable, including, without limitation, by telephone conference or by written consent to the extent permitted by applicable law. A majority of the Committee members shall constitute a quorum. All determinations of the Committee shall be made by a
majority of its members. Any decision or determination reduced to writing and signed by all of the Committee members in accordance with the By-Laws of the Company, shall be fully effective as if it had been made by a vote at a meeting duly called
and held. The Committee shall keep minutes of its meetings and shall make such rules and regulations for the conduct of its business as it shall deem advisable. 

  
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 3.6 Designation of Consultants/Liability. 

(a) The Committee may designate employees of the Company and professional advisors to assist the Committee in the administration of the Plan
and (to the extent permitted by applicable law and applicable exchange rules) may grant authority to officers to grant Awards and/or execute agreements or other documents on behalf of the Committee. In the event of any designation of authority
hereunder, subject to applicable law, applicable stock exchange rules and any limitations imposed by the Committee in connection with such designation, such designee or designees shall have the power and authority to take such actions, exercise such
powers and make such determinations that are otherwise specifically designated to the Committee hereunder. 
 (b) The Committee may employ
such legal counsel, consultants and agents as it may deem desirable for the administration of the Plan and may rely upon any opinion received from any such counsel or consultant and any computation received from any such consultant or agent.
Expenses incurred by the Committee or the Board in the engagement of any such counsel, consultant or agent shall be paid by the Company. The Committee, its members and any Person designated pursuant to
sub-section (a) above shall not be liable for any action or determination made in good faith with respect to the Plan. To the maximum extent permitted by applicable law, no officer of the Company or
member or former member of the Committee or of the Board shall be liable for any action or determination made in good faith with respect to the Plan or any Award granted under it. 

3.7 Indemnification. To the maximum extent permitted by applicable law and the Certificate of Incorporation and By-Laws of the
Company and to the extent not covered by insurance directly insuring such Person, each officer or employee of the Company or any Affiliate and member or former member of the Committee or the Board shall be indemnified and held harmless by the
Company against any cost or expense (including reasonable fees of counsel reasonably acceptable to the Committee) or liability (including any sum paid in settlement of a claim with the approval of the Committee), and advanced amounts necessary to
pay the foregoing at the earliest time and to the fullest extent permitted, arising out of any act or omission to act in connection with the administration of the Plan, except to the extent arising out of such officer’s, employee’s,
member’s or former member’s own fraud or bad faith. Such indemnification shall be in addition to any right of indemnification the employees, officers, directors or members or former officers, directors or members may have under applicable
law or under the Certificate of Incorporation or By-Laws of the Company or any Affiliate. Notwithstanding anything else herein, this indemnification will not apply to the actions or determinations made by an individual with regard to Awards granted
to such individual under the Plan. 
 ARTICLE IV 

SHARE LIMITATION 
 4.1
Shares. (a) The aggregate number of shares of Common Stock with respect to which Awards may be granted under the Plan shall initially be equal to 14,705,882 shares (subject to any increase or decrease pursuant to Section 4.2),
which amount shall be increased on the first 

  
 9 

 
day of each fiscal year during the term of the Plan commencing with the 2017 fiscal year by (i) 3% of the total number of shares of Common Stock outstanding on the last day of the
immediately preceding fiscal year, or (ii) a lesser amount determined by the Board. The shares of Common Stock with respect to which awards may be granted under the Plan may be either authorized and unissued Common Stock or Common Stock held in
or acquired for the treasury of the Company or both. The maximum number of shares of Common Stock with respect to which Incentive Stock Options may be granted under the Plan shall be 14,705,882 shares. With respect to Stock Appreciation Rights and
Options settled in Common Stock, upon settlement, only the number of shares of Common Stock delivered to a Participant shall count against the aggregate and individual share limitations set forth under Sections 4.1(a) and 4.1(b). If any Option,
Stock Appreciation Right or Other Stock-Based Awards granted under the Plan expires, terminates or is canceled for any reason without having been exercised in full, the number of shares of Common Stock underlying any unexercised Award shall again be
available for the purpose of Awards under the Plan. If any shares of Restricted Stock, Performance Awards or Other Stock-Based Awards denominated in shares of Common Stock awarded under the Plan to a Participant are forfeited for any reason, the
number of forfeited shares of Restricted Stock, Performance Awards or Other Stock-Based Awards denominated in shares of Common Stock shall again be available for purposes of Awards under the Plan. If any shares of Common Stock are withheld to
satisfy tax withholding obligations on an Award issued under the Plan, the number of shares of Common Stock withheld shall again be available for purposes of Awards under the Plan. If a Tandem Stock Appreciation Right or a Limited Stock Appreciation
Right is granted in tandem with an Option, such grant shall only apply once against the maximum number of shares of Common Stock which may be issued under the Plan. Any Award under the Plan settled in cash shall not be counted against the foregoing
maximum share limitations. 
 (b) Individual Participant Limitations. To the extent required by Section 162(m) of the Code for
Awards under the Plan to qualify as “performance-based compensation,” the following individual Participant limitations shall only apply after the expiration of the Transition Period: 

(i) The maximum number of shares of Common Stock subject to any Award of Stock Options, or Stock Appreciation Rights, or shares of Restricted
Stock, or Other Stock-Based Awards or LTIP Units for which the grant of such Award or the lapse of the relevant Restriction Period is subject to the attainment of Performance Goals in accordance with Section 8.3(a)(ii) which may be granted
under the Plan during any fiscal year of the Company to any Participant shall be 2,000,000 shares per type of Award (which shall be subject to any further increase or decrease pursuant to Section 4.2), provided that the maximum number of shares
of Common Stock for all types of Awards does not exceed 2,000,000 shares (which shall be subject to any further increase or decrease pursuant to Section 4.2) during any fiscal year of the Company. If a Tandem Stock Appreciation Right is granted
or a Limited Stock Appreciation Right is granted in tandem with a Stock Option, it shall apply against the Participant’s individual share limitations for both Stock Appreciation Rights and Stock Options. 

(ii) There are no annual individual share limitations applicable to Participants on Restricted Stock, Other Stock-Based Awards or LTIP Units
for which the grant, vesting or payment (as applicable) of any such Award is not subject to the attainment of Performance Goals. 

  
 10 

 (iii) The maximum number of shares of Common Stock subject to any Performance Award which may be
granted under the Plan during any fiscal year of the Company to any Participant shall be 2,000,000 shares (which shall be subject to any further increase or decrease pursuant to Section 4.2) with respect to any fiscal year of the Company. 

(iv) The maximum value of a cash payment made under a Performance Award which may be granted under the Plan with respect to any fiscal year
of the Company to any Participant shall be $5,000,000. 
 (c) Annual Non-Employee Director Award Limitation. The aggregate grant date
fair value (computed as of the date of grant in accordance with applicable financial accounting rules) of all Awards granted under the Plan to any individual Non-Employee Director in any fiscal year of the Company (excluding Awards made pursuant to
deferred compensation arrangements in lieu of all or a portion of cash retainers and any stock dividends payable in respect of outstanding Awards) shall not exceed $5,000,000. 

4.2 Changes. 
 (a)
The existence of the Plan and the Awards granted hereunder shall not affect in any way the right or power of the Board, the Committee or the stockholders of the Company to make or authorize (i) any adjustment, recapitalization, reorganization
or other change in the Company’s capital structure or its business, (ii) any merger or consolidation of the Company or any Affiliate, (iii) any issuance of bonds, debentures, preferred or prior preference stock ahead of or affecting
the Common Stock, (iv) the dissolution or liquidation of the Company or any Affiliate, (v) any sale or transfer of all or part of the assets or business of the Company or any Affiliate or (vi) any other corporate act or proceeding.

 (b) Subject to the provisions of Section 12.1: 

(i) If the Company at any time subdivides (by any split, recapitalization or otherwise) the outstanding Common Stock into a greater number of
shares of Common Stock, or combines (by reverse split, combination or otherwise) its outstanding Common Stock into a lesser number of shares of Common Stock, then the respective exercise prices for outstanding Awards that provide for a Participant
elected exercise and the number of shares of Common Stock covered by outstanding Awards shall be appropriately adjusted by the Committee to prevent dilution or enlargement of the rights granted to, or available for, Participants under the Plan. 

(ii) Excepting transactions covered by Section 4.2(b)(i), if the Company effects any merger, consolidation, statutory exchange,
spin-off, reorganization, sale or transfer of all or substantially all the Company’s assets or business, or other corporate transaction or event in such a manner that the Company’s outstanding shares of Common Stock are converted into the
right to receive (or the holders of Common Stock are entitled to receive in exchange therefor), either immediately or upon liquidation of the Company, securities or other property of the Company or other entity (each, a
“Reorganization”), then, subject to the provisions of Section 12.1, (A) the aggregate number or kind of securities that thereafter may be issued under the Plan, (B) the number or kind of securities or other
property (including cash) to 

  
 11 

 
be issued pursuant to Awards granted under the Plan (including as a result of the assumption of the Plan and the obligations hereunder by a successor entity, as applicable), or (C) the
purchase price thereof, shall be appropriately adjusted by the Committee to prevent dilution or enlargement of the rights granted to, or available for, Participants under the Plan. 

(iii) If there shall occur any change in the capital structure of the Company other than those covered by Section 4.2(b)(i) or
4.2(b)(ii), including by reason of any extraordinary dividend (whether cash or equity), any conversion, any adjustment, any issuance of any class of securities convertible or exercisable into, or exercisable for, any class of equity securities of
the Company, then the Committee may adjust any Award and make such other adjustments to the Plan to prevent dilution or enlargement of the rights granted to, or available for, Participants under the Plan. 

(iv) Any such adjustment determined by the Committee pursuant to this Section 4.2(b) shall be final, binding and conclusive on the
Company and all Participants and their respective heirs, executors, administrators, successors and permitted assigns. Any adjustment to, or assumption or substitution of, an Award under this Section 4.2(b) shall be intended to comply with the
requirements of Section 409A of the Code and Treasury Regulation §1.424-1 (and any amendments thereto), to the extent applicable. Except as expressly provided in this Section 4.2 or in the applicable Award Agreement, a Participant
shall have no additional rights under the Plan by reason of any transaction or event described in this Section 4.2. 
 (v) Fractional
shares of Common Stock resulting from any adjustment in Awards pursuant to Section 4.2(a) or this Section 4.2(b) shall be aggregated until, and eliminated at, the time of exercise or payment by rounding-down for fractions less than
one-half and rounding-up for fractions equal to or greater than one-half. No cash settlements shall be required with respect to fractional shares eliminated by rounding. Notice of any adjustment shall be given by the Committee to each Participant
whose Award has been adjusted and such adjustment (whether or not such notice is given) shall be effective and binding for all purposes of the Plan. 

4.3 Minimum Purchase Price. Notwithstanding any provision of the Plan to the contrary, if authorized but previously unissued
shares of Common Stock are issued under the Plan, such shares shall not be issued for a consideration that is less than as permitted under applicable law. 

ARTICLE V 
 ELIGIBILITY

 5.1 General Eligibility. All current and prospective Eligible Individuals are eligible to be granted Awards.
Eligibility for the grant of Awards and actual participation in the Plan shall be determined by the Committee in its sole discretion. 

5.2 Incentive Stock Options. Notwithstanding the foregoing, only Eligible Employees of the Company, its Subsidiaries and its
Parent (if any) are eligible to be granted Incentive Stock Options under the Plan. Eligibility for the grant of an Incentive Stock Option and actual participation in the Plan shall be determined by the Committee in its sole discretion. 

  
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 5.3 General Requirement. The vesting and exercise of Awards granted to a
prospective Eligible Individual are conditioned upon such individual actually becoming an Eligible Employee, Consultant or Non-Employee Director, respectively. 

ARTICLE VI 
 STOCK
OPTIONS 
 6.1 Options. Stock Options may be granted alone or in addition to other Awards granted under the Plan. Each
Stock Option granted under the Plan shall be of one of two types: (a) an Incentive Stock Option or (b) a Non-Qualified Stock Option. 

6.2 Grants. The Committee shall have the authority to grant to any Eligible Employee one or more Incentive Stock Options,
Non-Qualified Stock Options, or both types of Stock Options. The Committee shall have the authority to grant any Consultant or Non-Employee Director one or more Non-Qualified Stock Options. To the extent that any Stock Option does not qualify as an
Incentive Stock Option (whether because of its provisions or the time or manner of its exercise or otherwise), such Stock Option or the portion thereof which does not so qualify shall constitute a separate Non-Qualified Stock Option. 

6.3 Incentive Stock Options. Notwithstanding anything in the Plan to the contrary, no term of the Plan relating to Incentive
Stock Options shall be interpreted, amended or altered, nor shall any discretion or authority granted under the Plan be so exercised, so as to disqualify the Plan under Section 422 of the Code, or, without the consent of the Participants
affected, to disqualify any Incentive Stock Option under such Section 422. 
 6.4 Terms of Options. Options granted under
the Plan shall be subject to the following terms and conditions and shall be in such form and contain such additional terms and conditions, not inconsistent with the terms of the Plan, as the Committee shall deem desirable: 

(a) Exercise Price. The exercise price per share of Common Stock subject to a Stock Option shall be determined by the Committee at the
time of grant, provided that the per share exercise price of a Stock Option shall not be less than 100% (or, in the case of an Incentive Stock Option granted to a Ten Percent Stockholder, 110%) of the Fair Market Value of the Common Stock at the
time of grant. 
 (b) Stock Option Term. The term of each Stock Option shall be fixed by the Committee, provided that no Stock Option
shall be exercisable more than 10 years after the date the Option is granted; and provided further that the term of an Incentive Stock Option granted to a Ten Percent Stockholder shall not exceed five years. 

(c) Exercisability. Unless otherwise provided by the Committee in accordance with the provisions of this Section 6.4, Stock
Options granted under the Plan shall be exercisable at such time or times and subject to such terms and conditions as shall be determined by the Committee at the time of grant. If the Committee provides, in its discretion, that any Stock Option is
exercisable subject to certain limitations (including, without limitation, that such Stock Option is exercisable only in installments or within certain time periods), the Committee may waive such limitations on the exercisability at any time at or
after the time of grant in whole or in part (including, without limitation, waiver of the installment exercise provisions or acceleration of the time at which such Stock Option may be exercised), based on such factors, if any, as the Committee shall
determine, in its sole discretion. 

  
 13 

 (d) Method of Exercise. Subject to whatever installment exercise and waiting period
provisions apply under Section 6.4(c), to the extent vested, Stock Options may be exercised in whole or in part at any time during the Option term, by giving written notice of exercise to the Company specifying the number of shares of Common
Stock to be purchased. Such notice shall be accompanied by payment in full of the purchase price as follows: (i) in cash or by check, bank draft or money order payable to the order of the Company; (ii) solely to the extent permitted by
applicable law, if the Common Stock is traded on a national securities exchange, and the Committee authorizes, through a procedure whereby the Participant delivers irrevocable instructions to a broker reasonably acceptable to the Committee to
deliver promptly to the Company an amount equal to the purchase price; or (iii) on such other terms and conditions as may be acceptable to the Committee (including, without limitation, having the Company withhold shares of Common Stock issuable
upon exercise of the Stock Option, or by payment in full or in part in the form of Common Stock owned by the Participant, based on the Fair Market Value of the Common Stock on the payment date as determined by the Committee). No shares of Common
Stock shall be issued until payment therefor, as provided herein, has been made or provided for. 
 (e) Non-Transferability of
Options. No Stock Option shall be Transferable by the Participant other than by will or by the laws of descent and distribution, and all Stock Options shall be exercisable, during the Participant’s lifetime, only by the Participant.
Notwithstanding the foregoing, the Committee may determine, in its sole discretion, at the time of grant or thereafter that a Non-Qualified Stock Option that is otherwise not Transferable pursuant to this Section is Transferable to a Family Member
in whole or in part and in such circumstances, and under such conditions, as specified by the Committee. A Non-Qualified Stock Option that is Transferred to a Family Member pursuant to the preceding sentence (i) may not be subsequently
Transferred other than by will or by the laws of descent and distribution and (ii) remains subject to the terms of the Plan and the applicable Award Agreement. Any shares of Common Stock acquired upon the exercise of a Non-Qualified Stock
Option by a permissible transferee of a Non-Qualified Stock Option or a permissible transferee pursuant to a Transfer after the exercise of the Non-Qualified Stock Option shall be subject to the terms of the Plan and the applicable Award Agreement.

 (f) Termination by Death or Disability. Unless otherwise determined by the Committee at the time of grant, or if no rights of the
Participant are reduced, thereafter, if a Participant’s Termination is by reason of death or Disability, all Stock Options that are held by such Participant that are vested and exercisable at the time of the Participant’s Termination may
be exercised by the Participant (or in the case of the Participant’s death, by the legal representative of the Participant’s estate) at any time within a period of one (1) year from the date of such Termination, but in no event beyond
the expiration of the stated term of such Stock Options; provided, however, that, in the event of a Participant’s Termination by reason of Disability, if the Participant dies within such exercise period, all unexercised Stock Options held by
such Participant shall thereafter be exercisable, to the extent to which they were exercisable at the time of death, for a period of one (1) year from the date of such death, but in no event beyond the expiration of the stated term of such
Stock Options. 

  
 14 

 (g) Involuntary Termination Without Cause. Unless otherwise determined by the Committee at
the time of grant, or if no rights of the Participant are reduced, thereafter, if a Participant’s Termination is by involuntary termination by the Company without Cause, all Stock Options that are held by such Participant that are vested and
exercisable at the time of the Participant’s Termination may be exercised by the Participant at any time within a period of ninety (90) days from the date of such Termination, but in no event beyond the expiration of the stated term of
such Stock Options. 
 (h) Voluntary Resignation. Unless otherwise determined by the Committee at the time of grant, or if no rights
of the Participant are reduced, thereafter, if a Participant’s Termination is voluntary (other than a voluntary termination described in Section 6.4(i)(y) hereof), all Stock Options that are held by such Participant that are vested and
exercisable at the time of the Participant’s Termination may be exercised by the Participant at any time within a period of thirty (30) days from the date of such Termination, but in no event beyond the expiration of the stated term of
such Stock Options. 
 (i) Termination for Cause. Unless otherwise determined by the Committee at the time of grant, or if no rights
of the Participant are reduced, thereafter, if a Participant’s Termination (x) is for Cause or (y) is a voluntary Termination (as provided in Section 6.4(h)) after the occurrence of an event that would be grounds for a
Termination for Cause, all Stock Options, whether vested or not vested, that are held by such Participant shall thereupon terminate and expire as of the date of such Termination. 

(j) Unvested Stock Options. Unless otherwise determined by the Committee at the time of grant, or if no rights of the Participant are
reduced, thereafter, Stock Options that are not vested as of the date of a Participant’s Termination for any reason shall terminate and expire as of the date of such Termination. 

(k) Incentive Stock Option Limitations. To the extent that the aggregate Fair Market Value (determined as of the time of grant) of the
Common Stock with respect to which Incentive Stock Options are exercisable for the first time by an Eligible Employee during any calendar year under the Plan and/or any other stock option plan of the Company, any Subsidiary or any Parent exceeds
$100,000, such Options shall be treated as Non-Qualified Stock Options. In addition, if an Eligible Employee does not remain employed by the Company, any Subsidiary or any Parent at all times from the time an
Incentive Stock Option is granted until three months prior to the date of exercise thereof (or such other period as required by applicable law), such Stock Option shall be treated as a Non-Qualified Stock Option. Should any provision of the Plan not
be necessary in order for the Stock Options to qualify as Incentive Stock Options, or should any additional provisions be required, the Committee may amend the Plan accordingly, without the necessity of obtaining the approval of the stockholders of
the Company. 
 (l) Form, Modification, Extension and Renewal of Stock Options. Subject to the terms and conditions and within the
limitations of the Plan, Stock Options shall be evidenced by such form of agreement or grant as is approved by the Committee, and the Committee may (i) modify, extend or renew outstanding Stock Options granted under the Plan (provided that the
rights of a Participant are not reduced without such Participant’s consent and provided further that such action does not subject the Stock Options to Section 409A of the Code without the consent of

  
 15 

 
the Participant), and (ii) accept the surrender of outstanding Stock Options (to the extent not theretofore exercised) and authorize the granting of new Stock Options in substitution
therefor (to the extent not theretofore exercised). Notwithstanding the foregoing, an outstanding Option may not be modified to reduce the exercise price thereof nor may a new Option at a lower price be substituted for a surrendered Option (other
than adjustments or substitutions in accordance with Section 4.2), unless such action is approved by the stockholders of the Company. 

(m) Deferred Delivery of Common Stock. The Committee may in its discretion permit Participants to defer delivery of Common Stock
acquired pursuant to a Participant’s exercise of an Option in accordance with the terms and conditions established by the Committee in the applicable Award Agreement, which shall be intended to comply with the requirements of Section 409A
of the Code. 
 (n) Early Exercise. The Committee may provide that a Stock Option include a provision whereby the Participant may
elect at any time before the Participant’s Termination to exercise the Stock Option as to any part or all of the shares of Common Stock subject to the Stock Option prior to the full vesting of the Stock Option and such shares shall be subject
to the provisions of Article VIII and be treated as Restricted Stock. Unvested shares of Common Stock so purchased may be subject to a repurchase option in favor of the Company or to any other restriction the Committee determines to be appropriate.

 (o) Other Terms and Conditions. The Committee may include a provision in an Award Agreement providing for the automatic exercise
of a Non-Qualified Stock Option on a cashless basis on the last day of the term of such Option if the Participant has failed to exercise the Non-Qualified Stock Option as of such date, with respect to which the Fair Market Value of the shares of
Common Stock underlying the Non-Qualified Stock Option exceeds the exercise price of such Non-Qualified Stock Option on the date of expiration of such Option, subject to Section 15.4. Stock Options may contain such other provisions, which shall
not be inconsistent with any of the terms of the Plan, as the Committee shall deem appropriate. 
 ARTICLE VII 

STOCK APPRECIATION RIGHTS 

7.1 Tandem Stock Appreciation Rights. Stock Appreciation Rights may be granted in conjunction with all or part of any Stock
Option (a “Reference Stock Option”) granted under the Plan (“Tandem Stock Appreciation Rights”). In the case of a Non-Qualified Stock Option, such rights may be granted either at or after the time of
the grant of such Reference Stock Option. In the case of an Incentive Stock Option, such rights may be granted only at the time of the grant of such Reference Stock Option. 

7.2 Terms and Conditions of Tandem Stock Appreciation Rights. Tandem Stock Appreciation Rights granted hereunder shall be
subject to such terms and conditions, not inconsistent with the provisions of the Plan, as shall be determined from time to time by the Committee, and the following: 

(a) Exercise Price. The exercise price per share of Common Stock subject to a Tandem Stock Appreciation Right shall be determined by
the Committee at the time of grant, provided that the per share exercise price of a Tandem Stock Appreciation Right shall not be less than 100% of the Fair Market Value of the Common Stock at the time of grant. 

  
 16 

 (b) Term. A Tandem Stock Appreciation Right or applicable portion thereof granted with
respect to a Reference Stock Option shall terminate and no longer be exercisable upon the termination or exercise of the Reference Stock Option, except that, unless otherwise determined by the Committee, in its sole discretion, at the time of grant,
a Tandem Stock Appreciation Right granted with respect to less than the full number of shares covered by the Reference Stock Option shall not be reduced until, and then only to the extent that the exercise or termination of the Reference Stock
Option causes, the number of shares covered by the Tandem Stock Appreciation Right to exceed the number of shares remaining available and unexercised under the Reference Stock Option. 

(c) Exercisability. Tandem Stock Appreciation Rights shall be exercisable only at such time or times and to the extent that the
Reference Stock Options to which they relate shall be exercisable in accordance with the provisions of Article VI, and shall be subject to the provisions of Section 6.4(c). 

(d) Method of Exercise. A Tandem Stock Appreciation Right may be exercised by the Participant by surrendering the applicable portion of
the Reference Stock Option. Upon such exercise and surrender, the Participant shall be entitled to receive an amount determined in the manner prescribed in this Section 7.2. Stock Options which have been so surrendered, in whole or in part,
shall no longer be exercisable to the extent that the related Tandem Stock Appreciation Rights have been exercised. 
 (e) Payment.
Upon the exercise of a Tandem Stock Appreciation Right, a Participant shall be entitled to receive up to, but no more than, an amount in cash and/or Common Stock (as chosen by the Committee in its sole discretion) equal in value to the excess of the
Fair Market Value of one share of Common Stock over the Option exercise price per share specified in the Reference Stock Option agreement multiplied by the number of shares of Common Stock in respect of which the Tandem Stock Appreciation Right
shall have been exercised, with the Committee having the right to determine the form of payment. 
 (f) Deemed Exercise of Reference
Stock Option. Upon the exercise of a Tandem Stock Appreciation Right, the Reference Stock Option or part thereof to which such Stock Appreciation Right is related shall be deemed to have been exercised for the purpose of the limitation set forth
in Article IV of the Plan on the number of shares of Common Stock to be issued under the Plan. 
 (g) Non-Transferability. Tandem
Stock Appreciation Rights shall be Transferable only when and to the extent that the underlying Stock Option would be Transferable under Section 6.4(e) of the Plan. 

7.3 Non-Tandem Stock Appreciation Rights. Non-Tandem Stock Appreciation Rights may also be granted without reference to any
Stock Options granted under the Plan. 

  
 17 

 7.4 Terms and Conditions of Non-Tandem Stock Appreciation Rights. Non-Tandem Stock
Appreciation Rights granted hereunder shall be subject to such terms and conditions, not inconsistent with the provisions of the Plan, as shall be determined from time to time by the Committee, and the following: 

(a) Exercise Price. The exercise price per share of Common Stock subject to a Non-Tandem Stock Appreciation Right shall be determined
by the Committee at the time of grant, provided that the per share exercise price of a Non-Tandem Stock Appreciation Right shall not be less than 100% of the Fair Market Value of the Common Stock at the time of grant. 

(b) Term. The term of each Non-Tandem Stock Appreciation Right shall be fixed by the Committee, but shall not be greater than 10 years
after the date the right is granted. 
 (c) Exercisability. Unless otherwise provided by the Committee in accordance with the
provisions of this Section 7.4, Non-Tandem Stock Appreciation Rights granted under the Plan shall be exercisable at such time or times and subject to such terms and conditions as shall be determined by the Committee at the time of grant. If the
Committee provides, in its discretion, that any such right is exercisable subject to certain limitations (including, without limitation, that it is exercisable only in installments or within certain time periods), the Committee may waive such
limitations on the exercisability at any time at or after grant in whole or in part (including, without limitation, waiver of the installment exercise provisions or acceleration of the time at which such right may be exercised), based on such
factors, if any, as the Committee shall determine, in its sole discretion. 
 (d) Method of Exercise. Subject to whatever installment
exercise and waiting period provisions apply under Section 7.4(c), Non-Tandem Stock Appreciation Rights may be exercised in whole or in part at any time in accordance with the applicable Award Agreement, by giving written notice of exercise to
the Company specifying the number of Non-Tandem Stock Appreciation Rights to be exercised. 
 (e) Payment. Upon the exercise of a
Non-Tandem Stock Appreciation Right a Participant shall be entitled to receive, for each right exercised, up to, but no more than, an amount in cash and/or Common Stock (as chosen by the Committee in its sole discretion) equal in value to the excess
of the Fair Market Value of one share of Common Stock on the date that the right is exercised over the Fair Market Value of one share of Common Stock on the date that the right was awarded to the Participant. 

(f) Termination. Unless otherwise determined by the Committee at grant or, if no rights of the Participant are reduced, thereafter,
subject to the provisions of the applicable Award Agreement and the Plan, upon a Participant’s Termination for any reason, Non-Tandem Stock Appreciation Rights will remain exercisable following a Participant’s Termination on the same basis
as Stock Options would be exercisable following a Participant’s Termination in accordance with the provisions of Sections 6.4(f) through 6.4(j). 

(g) Non-Transferability. No Non-Tandem Stock Appreciation Rights shall be Transferable by the Participant other than by will or by the
laws of descent and distribution, and all such rights shall be exercisable, during the Participant’s lifetime, only by the Participant. 

7.5 Limited Stock Appreciation Rights. The Committee may, in its sole discretion, grant Tandem and Non-Tandem Stock Appreciation
Rights either as a general Stock Appreciation 

  
 18 

 
Right or as a Limited Stock Appreciation Right. Limited Stock Appreciation Rights may be exercised only upon the occurrence of a Change in Control or such other event as the Committee may, in its
sole discretion, designate at the time of grant or thereafter. Upon the exercise of Limited Stock Appreciation Rights, except as otherwise provided in an Award Agreement, the Participant shall receive in cash and/or Common Stock, as determined by
the Committee, an amount equal to the amount (i) set forth in Section 7.2(e) with respect to Tandem Stock Appreciation Rights, or (ii) set forth in Section 7.4(e) with respect to Non-Tandem Stock Appreciation Rights. 

7.6 Other Terms and Conditions. The Committee may include a provision in an Award Agreement providing for the automatic exercise
of a Stock Appreciation Right on a cashless basis on the last day of the term of such Stock Appreciation Right if the Participant has failed to exercise the Stock Appreciation Right as of such date, with respect to which the Fair Market Value of the
shares of Common Stock underlying the Stock Appreciation Right exceeds the exercise price of such Stock Appreciation Right on the date of expiration of such Stock Appreciation Right, subject to Section 15.4. Stock Appreciation Rights may
contain such other provisions, which shall not be inconsistent with any of the terms of the Plan, as the Committee shall deem appropriate. 

ARTICLE VIII 
 RESTRICTED
STOCK 
 8.1 Awards of Restricted Stock. Shares of Restricted Stock may be issued either alone or in addition to other
Awards granted under the Plan. The Committee shall determine the Eligible Individuals, to whom, and the time or times at which, grants of Restricted Stock shall be made, the number of shares to be awarded, the price (if any) to be paid by the
Participant (subject to Section 8.2), the time or times within which such Awards may be subject to forfeiture, the vesting schedule and rights to acceleration thereof, and all other terms and conditions of the Awards. 

The Committee may condition the grant or vesting of Restricted Stock upon the attainment of specified performance targets (including, the
Performance Goals) or such other factor as the Committee may determine in its sole discretion, including to comply with the requirements of Section 162(m) of the Code. 

8.2 Awards and Certificates. Eligible Individuals selected to receive Restricted Stock shall not have any right with respect to
such Award, unless and until such Participant has delivered a fully executed copy of the agreement evidencing the Award to the Company, to the extent required by the Committee, and has otherwise complied with the applicable terms and conditions of
such Award. Further, such Award shall be subject to the following conditions: 
 (a) Purchase Price. The purchase price of Restricted
Stock shall be fixed by the Committee. Subject to Section 4.2, the purchase price for shares of Restricted Stock may be zero to the extent permitted by applicable law, and, to the extent not so permitted, such purchase price may not be less
than par value. 

  
 19 

 (b) Acceptance. Awards of Restricted Stock must be accepted within a period of 60 days (or
such shorter period as the Committee may specify at grant) after the grant date, by executing a Restricted Stock agreement and by paying whatever price (if any) the Committee has designated thereunder. 

(c) Legend. Each Participant receiving Restricted Stock shall be issued a stock certificate in respect of such shares of Restricted
Stock, unless the Committee elects to use another system, such as book entries by the transfer agent, as evidencing ownership of shares of Restricted Stock. Such certificate shall be registered in the name of such Participant, and shall, in addition
to such legends required by applicable securities laws, bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Award, substantially in the following form: 

“The anticipation, alienation, attachment, sale, transfer, assignment, pledge, encumbrance or charge of the shares of stock represented
hereby are subject to the terms and conditions (including forfeiture) of the loanDepot, Inc. (the “Company”) 2015 Omnibus Incentive Plan (the “Plan”) and an Agreement entered into between the registered owner and the Company
dated                     . Copies of such Plan and Agreement are on file at the principal office of the Company.” 

(d) Custody. If stock certificates are issued in respect of shares of Restricted Stock, the Committee may require that any stock
certificates evidencing such shares be held in custody by the Company until the restrictions thereon shall have lapsed, and that, as a condition of any grant of Restricted Stock, the Participant shall have delivered a duly signed stock power or
other instruments of assignment (including a power of attorney), each endorsed in blank with a guarantee of signature if deemed necessary or appropriate by the Company, which would permit transfer to the Company of all or a portion of the shares
subject to the Restricted Stock Award in the event that such Award is forfeited in whole or part. 
 8.3 Restrictions and
Conditions. The shares of Restricted Stock awarded pursuant to the Plan shall be subject to the following restrictions and conditions: 

(a) Restriction Period. (i) The Participant shall not be permitted to Transfer shares of Restricted Stock awarded under the Plan
during the period or periods set by the Committee (the “Restriction Period”) commencing on the date of such Award, as set forth in the Restricted Stock Award Agreement and such agreement shall set forth a vesting schedule and
any event that would accelerate vesting of the shares of Restricted Stock. Within these limits, based on service, attainment of Performance Goals pursuant to Section 8.3(a)(ii) and/or such other factors or criteria as the Committee may
determine in its sole discretion, the Committee may condition the grant or provide for the lapse of such restrictions in installments in whole or in part, or may accelerate the vesting of all or any part of any Restricted Stock Award and/or waive
the deferral limitations for all or any part of any Restricted Stock Award. 
 (ii) If the grant of shares of Restricted Stock or the lapse
of restrictions is based on the attainment of Performance Goals, the Committee shall establish the objective Performance Goals and the applicable vesting percentage of the Restricted Stock applicable to each Participant or class of Participants in
writing prior to the beginning of the 

  
 20 

 
applicable fiscal year or at such later date as otherwise determined by the Committee and while the outcome of the Performance Goals are substantially uncertain. Such Performance Goals may
incorporate provisions for disregarding (or adjusting for) changes in accounting methods, corporate transactions (including, without limitation, dispositions and acquisitions) and other similar type events or circumstances. With regard to a
Restricted Stock Award that is intended to comply with Section 162(m) of the Code, to the extent that any such provision would create impermissible discretion under Section 162(m) of the Code or otherwise violate Section 162(m) of the
Code, such provision shall be of no force or effect. 
 (b) Rights as a Stockholder. Except as provided in Section 8.3(a) and
this Section 8.3(b) or as otherwise determined by the Committee in an Award Agreement, the Participant shall have, with respect to the shares of Restricted Stock, all of the rights of a holder of shares of Common Stock of the Company,
including, without limitation, the right to receive dividends, the right to vote such shares and, subject to and conditioned upon the full vesting of shares of Restricted Stock, the right to tender such shares. The Committee may, in its sole
discretion, determine at the time of grant that the payment of dividends shall be deferred until, and conditioned upon, the expiration of the applicable Restriction Period. 

(c) Termination. Unless otherwise determined by the Committee at grant or, if no rights of the Participant are reduced, thereafter,
subject to the applicable provisions of the Award Agreement and the Plan, upon a Participant’s Termination for any reason during the relevant Restriction Period, all Restricted Stock still subject to restriction will be forfeited in accordance
with the terms and conditions established by the Committee at grant or thereafter. 
 (d) Lapse of Restrictions. If and when the
Restriction Period expires without a prior forfeiture of the Restricted Stock, the certificates for such shares shall be delivered to the Participant. All legends shall be removed from said certificates at the time of delivery to the Participant,
except as otherwise required by applicable law or other limitations imposed by the Committee. 
 ARTICLE IX 

PERFORMANCE AWARDS 
 9.1
Performance Awards. The Committee may grant a Performance Award to a Participant payable upon the attainment of specific Performance Goals. The Committee may grant Performance Awards that are intended to qualify as “performance-based
compensation” under Section 162(m) of the Code, as well as Performance Awards that are not intended to qualify as “performance-based compensation” under Section 162(m) of the Code. If the Performance Award is payable in
shares of Common Stock, such shares shall be transferable to the Participant only upon attainment of the relevant Performance Goal in accordance with Article VIII. If the Performance Award is payable in cash, it may be paid upon the attainment of
the relevant Performance Goals either in cash or in shares of Restricted Stock (based on the then current Fair Market Value of such shares), as determined by the Committee, in its sole and absolute discretion. Each Performance Award shall be
evidenced by an Award Agreement in such form that is not inconsistent with the Plan and that the Committee may from time to time approve. With respect to Performance Awards that are intended to qualify as “performance-based compensation”
under Section 162(m) of the Code, the Committee shall condition the right to payment of any Performance Award upon the attainment of objective Performance Goals established pursuant to Section 9.2(c). 

  
 21 

 9.2 Terms and Conditions. Performance Awards awarded pursuant to this Article IX
shall be subject to the following terms and conditions: 
 (a) Earning of Performance Award. At the expiration of the applicable
Performance Period, the Committee shall determine the extent to which the Performance Goals established pursuant to Section 9.2(c) are achieved and the percentage of each Performance Award that has been earned. 

(b) Non-Transferability. Subject to the applicable provisions of the Award Agreement and the Plan, Performance Awards may not be
Transferred during the Performance Period. 
 (c) Objective Performance Goals, Formulae or Standards. With respect to Performance
Awards that are intended to qualify as “performance-based compensation” under Section 162(m) of the Code, the Committee shall establish the objective Performance Goals for the earning of Performance Awards based on a Performance
Period applicable to each Participant or class of Participants in writing prior to the beginning of the applicable Performance Period or at such later date as permitted under Section 162(m) of the Code and while the outcome of the Performance
Goals are substantially uncertain. Such Performance Goals may incorporate, if and only to the extent permitted under Section 162(m) of the Code, provisions for disregarding (or adjusting for) changes in accounting methods, corporate
transactions (including, without limitation, dispositions and acquisitions) and other similar type events or circumstances. To the extent that any such provision would create impermissible discretion under Section 162(m) of the Code or
otherwise violate Section 162(m) of the Code, such provision shall be of no force or effect, with respect to Performance Awards that are intended to qualify as “performance-based compensation” under Section 162(m) of the Code.

 (d) Dividends. Unless otherwise determined by the Committee at the time of grant, amounts equal to dividends declared during the
Performance Period with respect to the number of shares of Common Stock covered by a Performance Award will not be paid to the Participant. 

(e) Payment. Following the Committee’s determination in accordance with Section 9.2(a), the Company shall settle Performance
Awards, in such form (including, without limitation, in shares of Common Stock or in cash) as determined by the Committee, in an amount equal to such Participant’s earned Performance Awards. With respect to any Award that is intended to qualify
as “performance-based compensation” under Section 162(m) of the Code, the Committee shall be precluded from having discretion to increase the amount of compensation payable under the terms of such Award. 

(f) Termination. Subject to the applicable provisions of the Award Agreement and the Plan, upon a Participant’s Termination for
any reason during the Performance Period for a given Performance Award, the Performance Award in question will vest or be forfeited in accordance with the terms and conditions established by the Committee at grant. 

  
 22 

 (g) Accelerated Vesting. Based on service, performance and/or such other factors or
criteria, if any, as the Committee may determine, the Committee may, at or after grant, accelerate the vesting of all or any part of any Performance Award. 

ARTICLE X 
 LTIP UNIT
AWARDS 
 10.1 LTIP Unit Awards. The Committee is authorized to grant to Eligible Individuals Awards in the form of, and
causing Holdings to issue, LTIP Units, having the rights, voting powers, restrictions, limitations as to distributions, qualifications, redemption and conversion terms, vesting terms and other terms and conditions set forth herein and in the LLC
Agreement. To the extent that such LTIP Units are convertible or exchangeable into Common Stock, each LTIP Unit awarded will be equivalent to an award of one share of Common Stock for purposes of reducing the number of shares of Common Stock
available under the Plan on a one-for-one basis pursuant to Section 4.1. 
 ARTICLE XI 

OTHER STOCK-BASED AND CASH-BASED AWARDS 

11.1 Other Stock-Based Awards. The Committee is authorized to grant to Eligible Individuals Other
Stock-Based Awards that are payable in, valued in whole or in part by reference to, or otherwise based on or related to shares of Common Stock, including but not limited to, shares of Common Stock awarded
purely as a bonus and not subject to restrictions or conditions, shares of Common Stock in payment of the amounts due under an incentive or performance plan sponsored or maintained by the Company or an Affiliate, stock equivalent units, restricted
stock units, and Awards valued by reference to book value of shares of Common Stock. Other Stock-Based Awards may be granted either alone or in addition to or in tandem with other Awards granted under the Plan. 

Subject to the provisions of the Plan, the Committee shall have authority to determine the Eligible Individuals, to whom, and the time or
times at which, such Awards shall be made, the number of shares of Common Stock to be awarded pursuant to such Awards, and all other conditions of the Awards. The Committee may also provide for the grant of Common Stock under such Awards upon the
completion of a specified Performance Period. 
 The Committee may condition the grant or vesting of Other Stock-Based Awards upon the
attainment of specified Performance Goals as the Committee may determine, in its sole discretion; provided that to the extent that such Other Stock-Based Awards are intended to comply with Section 162(m) of the Code, the Committee shall
establish the objective Performance Goals for the grant or vesting of such Other Stock-Based Awards based on a Performance Period applicable to each Participant or class of Participants in writing prior to the beginning of the applicable Performance
Period or at such later date as permitted under Section 162(m) of the Code and while the outcome of the Performance Goals are substantially uncertain. Such Performance Goals may incorporate, if and only to the extent permitted under
Section 162(m) of the Code, provisions for disregarding (or adjusting for) changes in accounting methods, corporate transactions (including, without limitation, dispositions and acquisitions) and other similar type events or circumstances. To
the extent that any such provision would create impermissible discretion under Section 162(m) 

  
 23 

 
of the Code or otherwise violate Section 162(m) of the Code, such provision shall be of no force or effect, with respect to Performance Awards that are intended to qualify as
“performance-based compensation” under Section 162(m) of the Code. 
 11.2 Terms and Conditions. Other
Stock-Based Awards made pursuant to this Article XI shall be subject to the following terms and conditions: 
 (a)
Non-Transferability. Subject to the applicable provisions of the Award Agreement and the Plan, shares of Common Stock subject to Awards made under this Article XI may not be Transferred prior to the date on which the shares are issued, or, if
later, the date on which any applicable restriction, performance or deferral period lapses. 
 (b) Dividends. Unless otherwise
determined by the Committee at the time of Award, subject to the provisions of the Award Agreement and the Plan, the recipient of an Award under this Article XI shall not be entitled to receive, currently or on a deferred basis, dividends or
dividend equivalents in respect of the number of shares of Common Stock covered by the Award. 
 (c) Vesting. Any Award under this
Article XI and any Common Stock covered by any such Award shall vest or be forfeited to the extent so provided in the Award Agreement, as determined by the Committee, in its sole discretion. 

(d) Price. Common Stock issued on a bonus basis under this Article XI may be issued for no cash consideration. Common Stock purchased
pursuant to a purchase right awarded under this Article XI shall be priced, as determined by the Committee in its sole discretion. 

11.3 Other Cash-Based Awards. The Committee may from time to time grant Other Cash-Based Awards to Eligible Individuals in such
amounts, on such terms and conditions, and for such consideration, including no consideration or such minimum consideration as may be required by applicable law, as it shall determine in its sole discretion. Other Cash-Based Awards may be granted
subject to the satisfaction of vesting conditions or may be awarded purely as a bonus and not subject to restrictions or conditions, and if subject to vesting conditions, the Committee may accelerate the vesting of such Awards at any time in its
sole discretion. The grant of an Other Cash-Based Award shall not require a segregation of any of the Company’s assets for satisfaction of the Company’s payment obligation thereunder. 

ARTICLE XII 
 CHANGE IN
CONTROL PROVISIONS 
 12.1 Benefits. In the event of a Change in Control of the Company (as defined below), and except as
otherwise provided by the Committee in an Award Agreement, a Participant’s unvested Award shall not vest automatically and a Participant’s Award shall be treated in accordance with one or more of the following methods as determined by the
Committee: 
 (a) Awards, whether or not then vested, shall be continued, assumed, or have new rights substituted therefor, as determined by
the Committee in a manner consistent with the requirements of Section 409A of the Code, and restrictions to which shares of Restricted Stock or any other Award granted prior to the Change in Control are subject shall not lapse upon a Change in
Control and the Restricted Stock or other Award shall, where appropriate in the sole discretion 

  
 24 

 
of the Committee, receive the same distribution as other Common Stock on such terms as determined by the Committee; provided that the Committee may decide to award additional Restricted Stock or
other Awards in lieu of any cash distribution. Notwithstanding anything to the contrary herein, for purposes of Incentive Stock Options, any assumed or substituted Stock Option shall comply with the requirements of Treasury Regulation
Section 1.424-1 (and any amendment thereto). 
 (b) The Committee, in its sole discretion, may provide for the purchase of any Awards
by the Company or an Affiliate for an amount of cash equal to the excess (if any) of the Change in Control Price (as defined below) of the shares of Common Stock covered by such Awards, over the aggregate exercise price of such Awards. For purposes
hereof, “Change in Control Price” shall mean the highest price per share of Common Stock paid in any transaction related to a Change in Control of the Company. 

(c) The Committee may, in its sole discretion, terminate all outstanding and unexercised Stock Options, Stock Appreciation Rights, or any
Other Stock-Based Award that provides for a Participant elected exercise, effective as of the date of the Change in Control, by delivering notice of termination to each Participant at least twenty (20) days prior to the date of consummation of
the Change in Control, in which case during the period from the date on which such notice of termination is delivered to the consummation of the Change in Control, each such Participant shall have the right to exercise in full all of such
Participant’s Awards that are then outstanding (without regard to any limitations on exercisability otherwise contained in the Award Agreements), but any such exercise shall be contingent on the occurrence of the Change in Control, and,
provided that, if the Change in Control does not take place within a specified period after giving such notice for any reason whatsoever, the notice and exercise pursuant thereto shall be null and void. 

(d) Notwithstanding any other provision herein to the contrary, the Committee may, in its sole discretion, provide for accelerated vesting or
lapse of restrictions, of an Award at any time. 
 12.2 Change in Control. Unless otherwise determined by the Committee in the
applicable Award Agreement or other written agreement with a Participant approved by the Committee, a “Change in Control” shall be deemed to occur if: 

(a) any “person,” as such term is used in Sections 13(d) and 14(d) of the Exchange Act (other than the Company, any trustee or other
fiduciary holding securities under any employee benefit plan of the Company, Parthenon Capital Partners or Anthony Hsieh or any of their respective affiliates, or any company owned, directly or indirectly, by the stockholders of the Company in
substantially the same proportions as their ownership of the Company’s then outstanding voting securities), becoming the beneficial owner (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company
representing 50% or more of the combined voting power of the Company’s then outstanding voting securities; 
 (b) a merger or
consolidation of the Company with any other corporation, other than (i) a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining
outstanding or 

  
 25 

 
by being converted into voting securities of the surviving entity) more than 50% of the combined voting power of the voting securities of the Company or such surviving entity outstanding
immediately after such merger or consolidation, or (ii) a merger or consolidation effected to implement a recapitalization of the Company (or similar transaction) in which no Person (other than those covered by the exceptions in
Section 12.2(a)) acquires more than 50% of the combined voting power of the Company’s then outstanding securities; or 
 (c) a
complete liquidation or dissolution of the Company or the consummation of a sale or disposition by the Company of all or substantially all of the Company’s assets other than the sale or disposition of all or substantially all of the assets of
the Company to a Person or Persons who beneficially own, directly or indirectly, 50% or more of the combined voting power of the outstanding voting securities of the Company at the time of the sale. 

Notwithstanding the foregoing, with respect to any Award that is characterized as “nonqualified deferred compensation” within the meaning of
Section 409A of the Code, an event shall not be considered to be a Change in Control under the Plan for purposes of payment of such Award unless such event is also a “change in ownership,” a “change in effective control” or
a “change in the ownership of a substantial portion of the assets” of the Company within the meaning of Section 409A of the Code. 

12.3 Initial Public Offering not a Change in Control. Notwithstanding the foregoing, for purposes of the Plan, the occurrence of
the Registration Date or any change in the composition of the Board within one year following the Registration Date shall not be considered a Change in Control. 

ARTICLE XIII 

TERMINATION OR AMENDMENT OF PLAN 

Notwithstanding any other provision of the Plan, the Board may at any time, and from time to time, amend, in whole or in part, any or all of
the provisions of the Plan (including any amendment deemed necessary to ensure that the Company may comply with any regulatory requirement referred to in Article XV or Section 409A of the Code), or suspend or terminate it entirely,
retroactively or otherwise; provided, however, that, unless otherwise required by law or specifically provided herein, the rights of a Participant with respect to Awards granted prior to such amendment, suspension or termination, may not be impaired
without the consent of such Participant and, provided further, that without the approval of the holders of the Company’s Common Stock entitled to vote in accordance with applicable law, no amendment may be made that would (i) increase the
aggregate number of shares of Common Stock that may be issued under the Plan (except by operation of Section 4.2); (ii) increase the maximum individual Participant limitations for a fiscal year under Section 4.1(b) (except by
operation of Section 4.2); (iii) change the classification of individuals eligible to receive Awards under the Plan; (iv) decrease the minimum option price of any Stock Option or Stock Appreciation Right; (v) extend the maximum
option period under Section 6.4; (vi) alter the Performance Goals for Restricted Stock, Performance Awards or Other Stock-Based Awards as set forth in Exhibit A hereto; (vii) award any Stock Option or Stock Appreciation
Right in replacement of a canceled Stock Option or Stock Appreciation Right with a higher exercise price than the replacement award; or (viii) require stockholder approval in order for the Plan to continue to comply with the applicable
provisions of 

  
 26 

 
Section 162(m) of the Code or, to the extent applicable to Incentive Stock Options, Section 422 of the Code. In no event may the Plan be amended without the approval of the stockholders
of the Company in accordance with the applicable laws of the State of Delaware to increase the aggregate number of shares of Common Stock that may be issued under the Plan, decrease the minimum exercise price of any Award, or to make any other
amendment that would require stockholder approval under Financial Industry Regulatory Authority (FINRA) rules and regulations or the rules of any exchange or system on which the Company’s securities are listed or traded at the request of the
Company. Notwithstanding anything herein to the contrary, the Board may amend the Plan or any Award Agreement at any time without a Participant’s consent to comply with applicable law including Section 409A of the Code. The Committee may
amend the terms of any Award theretofore granted, prospectively or retroactively, but, subject to Article IV or as otherwise specifically provided herein, no such amendment or other action by the Committee shall impair the rights of any holder
without the holder’s consent. 
 ARTICLE XIV 

UNFUNDED STATUS OF PLAN 

The Plan is intended to constitute an “unfunded” plan for incentive and deferred compensation. With respect to any payment as to
which a Participant has a fixed and vested interest but which are not yet made to a Participant by the Company, nothing contained herein shall give any such Participant any right that is greater than those of a general unsecured creditor of the
Company. 
 ARTICLE XV 

GENERAL PROVISIONS 

15.1 Legend. The Committee may require each Person receiving shares of Common Stock pursuant to a Stock Option or other Award
under the Plan to represent to and agree with the Company in writing that the Participant is acquiring the shares without a view to distribution thereof. In addition to any legend required by the Plan, the certificates for such shares may include
any legend that the Committee deems appropriate to reflect any restrictions on Transfer. All certificates for shares of Common Stock delivered under the Plan shall be subject to such stop transfer orders and other restrictions as the Committee may
deem advisable under the rules, regulations and other requirements of the Securities and Exchange Commission, any stock exchange upon which the Common Stock is then listed or any national securities exchange system upon whose system the Common Stock
is then quoted, any applicable federal or state securities law, and any applicable corporate law, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 

15.2 Other Plans. Nothing contained in the Plan shall prevent the Board from adopting other or additional compensation
arrangements, subject to stockholder approval if such approval is required, and such arrangements may be either generally applicable or applicable only in specific cases. 

15.3 No Right to Employment/Directorship/Consultancy. Neither the Plan nor the grant of any Option or other Award hereunder
shall give any Participant or other employee, Consultant or Non-Employee Director any right with respect to continuance of employment, 

  
 27 

 
consultancy or directorship by the Company or any Affiliate, nor shall there be a limitation in any way on the right of the Company or any Affiliate by which an employee is employed or a
Consultant or Non-Employee Director is retained to terminate such employment, consultancy or directorship at any time. 
 15.4
Withholding of Taxes. The Company, or an Affiliate, as applicable, shall have the right to deduct from any payment to be made pursuant to the Plan, or to otherwise require, prior to the issuance or delivery of shares of Common Stock or
the payment of any cash hereunder, payment by the Participant of, any federal, state or local taxes required by law to be withheld. Upon the vesting of Restricted Stock (or other Award that is taxable upon vesting), or upon making an election under
Section 83(b) of the Code, a Participant shall pay all required withholding to the Company. Any minimum statutorily required withholding obligation with regard to any Participant may be satisfied, subject to the consent of the Committee, by
reducing the number of shares of Common Stock otherwise deliverable or by delivering shares of Common Stock already owned. Furthermore, at the discretion of the Committee, any additional tax obligations of a Participant with respect to an Award may
be satisfied by further reducing the number of shares of Common Stock, otherwise deliverable with respect to such Award, to the extent that such reductions do not result in any adverse accounting implications to the Company, as determined by the
Committee. Any fraction of a share of Common Stock required to satisfy any such tax obligations shall be disregarded and the amount due shall be paid instead in cash by the Participant. 

15.5 No Assignment of Benefits. No Award or other benefit payable under the Plan shall, except as otherwise specifically
provided by law or permitted by the Committee, be Transferable in any manner, and any attempt to Transfer any such benefit shall be void, and any such benefit shall not in any manner be liable for or subject to the debts, contracts, liabilities,
engagements or torts of any Person who shall be entitled to such benefit, nor shall it be subject to attachment or legal process for or against such Person. 

15.6 Listing and Other Conditions. 

(a) Unless otherwise determined by the Committee, as long as the Common Stock is listed on a national securities exchange or system sponsored
by a national securities association, the issuance of shares of Common Stock pursuant to an Award shall be conditioned upon such shares being listed on such exchange or system. The Company shall have no obligation to issue such shares unless and
until such shares are so listed, and the right to exercise any Option or other Award with respect to such shares shall be suspended until such listing has been effected. 

(b) If at any time counsel to the Company shall be of the opinion that any sale or delivery of shares of Common Stock pursuant to an Option or
other Award is or may in the circumstances be unlawful or result in the imposition of excise taxes on the Company under the statutes, rules or regulations of any applicable jurisdiction, the Company shall have no obligation to make such sale or
delivery, or to make any application or to effect or to maintain any qualification or registration under the Securities Act or otherwise, with respect to shares of Common Stock or Awards, and the right to exercise any Option or other Award shall be
suspended until, in the opinion of said counsel, such sale or delivery shall be lawful or will not result in the imposition of excise taxes on the Company. 

  
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 (c) Upon termination of any period of suspension under this Section 15.6, any Award affected
by such suspension which shall not then have expired or terminated shall be reinstated as to all shares available before such suspension and as to shares which would otherwise have become available during the period of such suspension, but no such
suspension shall extend the term of any Award. 
 (d) A Participant shall be required to supply the Company with certificates,
representations and information that the Company requests and otherwise cooperate with the Company in obtaining any listing, registration, qualification, exemption, consent or approval the Company deems necessary or appropriate. 

15.7 Governing Law. The Plan and actions taken in connection herewith shall be governed and construed in accordance with the
laws of the State of Delaware (regardless of the law that might otherwise govern under applicable Delaware principles of conflict of laws). 

15.8 Jurisdiction; Waiver of Jury Trial. Any suit, action or proceeding with respect to the Plan or any Award Agreement, or any
judgment entered by any court of competent jurisdiction in respect of any thereof, shall be resolved only in the courts of the State of Delaware or the United States District Court for the District of Delaware and the appellate courts having
jurisdiction of appeals in such courts. In that context, and without limiting the generality of the foregoing, the Company and each Participant shall irrevocably and unconditionally (a) submit in any proceeding relating to the Plan or any Award
Agreement, or for the recognition and enforcement of any judgment in respect thereof (a “Proceeding”), to the exclusive jurisdiction of the courts of the State of Delaware, the court of the United States of America for the
District of Delaware, and appellate courts having jurisdiction of appeals from any of the foregoing, and agree that all claims in respect of any such Proceeding shall be heard and determined in such Delaware State court or, to the extent permitted
by law, in such federal court, (b) consent that any such Proceeding may and shall be brought in such courts and waives any objection that the Company and each Participant may now or thereafter have to the venue or jurisdiction of any such
Proceeding in any such court or that such Proceeding was brought in an inconvenient court and agree not to plead or claim the same, (c) waive all right to trial by jury in any Proceeding (whether based on contract, tort or otherwise) arising
out of or relating to the Plan or any Award Agreement, (d) agree that service of process in any such Proceeding may be effected by mailing a copy of such process by registered or certified mail (or any substantially similar form of mail),
postage prepaid, to such party, in the case of a Participant, at the Participant’s address shown in the books and records of the Company or, in the case of the Company, at the Company’s principal offices, attention General Counsel, and
(e) agree that nothing in the Plan shall affect the right to effect service of process in any other manner permitted by the laws of the State of Delaware. 

15.9 Construction. Wherever any words are used in the Plan in the masculine gender they shall be construed as though they were
also used in the feminine gender in all cases where they would so apply, and wherever words are used herein in the singular form they shall be construed as though they were also used in the plural form in all cases where they would so apply. 

15.10 Other Benefits. No Award granted or paid out under the Plan shall be deemed compensation for purposes of computing
benefits under any retirement plan of the Company or its Affiliates nor affect any benefit under any other benefit plan now or subsequently in effect under which the availability or amount of benefits is related to the level of compensation. 

  
 29 

 15.11 Costs. The Company shall bear all expenses associated with administering the
Plan, including expenses of issuing Common Stock pursuant to Awards hereunder. 
 15.12 No Right to Same Benefits. The
provisions of Awards need not be the same with respect to each Participant, and such Awards to individual Participants need not be the same in subsequent years. 

15.13 Death/Disability. The Committee may in its discretion require the transferee of a Participant to supply it with written
notice of the Participant’s death or Disability and to supply it with a copy of the will (in the case of the Participant’s death) or such other evidence as the Committee deems necessary to establish the validity of the transfer of an
Award. The Committee may also require that the agreement of the transferee to be bound by all of the terms and conditions of the Plan. 

15.14 Section 16(b) of the Exchange Act. All elections and transactions under the Plan by Persons subject to
Section 16 of the Exchange Act involving shares of Common Stock are intended to comply with any applicable exemptive condition under Rule 16b-3. The Committee may establish and adopt written administrative guidelines, designed to
facilitate compliance with Section 16(b) of the Exchange Act, as it may deem necessary or proper for the administration and operation of the Plan and the transaction of business thereunder. 

15.15 Section 409A of the Code. The Plan is intended to comply with the applicable requirements of Section 409A of the
Code and shall be limited, construed and interpreted in accordance with such intent. To the extent that any Award is subject to Section 409A of the Code, it shall be paid in a manner that will comply with Section 409A of the Code,
including proposed, temporary or final regulations or any other guidance issued by the Secretary of the Treasury and the Internal Revenue Service with respect thereto. Notwithstanding anything herein to the contrary, any provision in the Plan that
is inconsistent with Section 409A of the Code shall be deemed to be amended to comply with Section 409A of the Code and to the extent such provision cannot be amended to comply therewith, such provision shall be null and void. The Company
shall have no liability to a Participant, or any other party, if an Award that is intended to be exempt from, or compliant with, Section 409A of the Code is not so exempt or compliant or for any action taken by the Committee or the Company and,
in the event that any amount or benefit under the Plan becomes subject to penalties under Section 409A of the Code, responsibility for payment of such penalties shall rest solely with the affected Participants and not with the Company.
Notwithstanding any contrary provision in the Plan or Award Agreement, any payment(s) of “nonqualified deferred compensation” (within the meaning of Section 409A of the Code) that are otherwise required to be made under the Plan to a
“specified employee” (as defined under Section 409A of the Code) as a result of such employee’s separation from service (other than a payment that is not subject to Section 409A of the Code) shall be delayed for the first
six (6) months following such separation from service (or, if earlier, the date of death of the specified employee) and shall instead be paid (in a manner set forth in the Award Agreement) upon expiration of such delay period. 

  
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 15.16 Successor and Assigns. The Plan shall be binding on all successors and
permitted assigns of a Participant, including, without limitation, the estate of such Participant and the executor, administrator or trustee of such estate. 

15.17 Severability of Provisions. If any provision of the Plan shall be held invalid or unenforceable, such invalidity or
unenforceability shall not affect any other provisions hereof, and the Plan shall be construed and enforced as if such provisions had not been included. 

15.18 Payments to Minors, Etc. Any benefit payable to or for the benefit of a minor, an incompetent Person or other Person
incapable of receipt thereof shall be deemed paid when paid to such Person’s guardian or to the party providing or reasonably appearing to provide for the care of such Person, and such payment shall fully discharge the Committee, the Board, the
Company, its Affiliates and their employees, agents and representatives with respect thereto. 
 15.19 Lock-Up Agreement. As a
condition to the grant of an Award, if requested by the Company and the lead underwriter of any public offering of the Common Stock (the “Lead Underwriter”), a Participant shall irrevocably agree not to sell, contract
to sell, grant any option to purchase, transfer the economic risk of ownership in, make any short sale of, pledge or otherwise transfer or dispose of, any interest in any Common Stock or any securities convertible into, derivative of, or
exchangeable or exercisable for, or any other rights to purchase or acquire Common Stock (except Common Stock included in such public offering or acquired on the public market after such offering) during such period of time following the effective
date of a registration statement of the Company filed under the Securities Act that the Lead Underwriter shall specify (the “Lock-Up Period”). The Participant shall further agree to
sign such documents as may be requested by the Lead Underwriter to effect the foregoing and agree that the Company may impose stop-transfer instructions with respect to Common Stock acquired pursuant to an Award until the end of such Lock-Up Period. 
 15.20 Headings and Captions. The headings and captions herein are
provided for reference and convenience only, shall not be considered part of the Plan, and shall not be employed in the construction of the Plan. 

15.21 Section 162(m) of the Code. Notwithstanding any other provision of the Plan to the contrary, (i) prior to the
Registration Date and during the Transition Period, the provisions of the Plan requiring compliance with Section 162(m) of the Code for Awards intended to qualify as “performance-based compensation” shall only apply to the extent
required by Section 162(m) of the Code, and (ii) the provisions of the Plan requiring compliance with Section 162(m) of the Code shall not apply to Awards granted under the Plan that are not intended to qualify as
“performance-based compensation” under Section 162(m) of the Code. 
 15.22 Post-Transition Period. Following
the Transition Period, any Award granted under the Plan that is intended to be “performance-based compensation” under Section 162(m) of the Code, shall be subject to the approval of the material terms of the Plan by a majority of the
stockholders of the Company in accordance with Section 162(m) of the Code and the Treasury Regulations promulgated thereunder. 

  
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 15.23 Company Recoupment of Awards. A Participant’s rights with respect to any
Award hereunder shall in all events be subject to (i) any right that the Company may have under any Company recoupment policy or other agreement or arrangement with a Participant, or (ii) any right or obligation that the Company may have
regarding the clawback of “incentive-based compensation” under Section 10D of the Exchange Act and any applicable rules and regulations promulgated thereunder from time to time by the U.S. Securities and Exchange Commission. 

ARTICLE XVI 
 EFFECTIVE
DATE OF PLAN 
 The Plan shall become effective on [●], 2015, which is the date of its adoption by the Board,
subject to the approval of the Plan by the stockholders of the Company in accordance with the requirements of the laws of the State of Delaware. 

ARTICLE XVII 
 TERM OF
PLAN 
 No Award shall be granted pursuant to the Plan on or after the tenth anniversary of the earlier of the date that the Plan is
adopted or the date of stockholder approval, but Awards granted prior to such tenth anniversary may extend beyond that date; provided that no Award (other than a Stock Option or Stock Appreciation Right) that is intended to be
“performance-based compensation” under Section 162(m) of the Code shall be granted on or after the fifth anniversary of the stockholder approval of the Plan unless the Performance Goals are re-approved (or other designated Performance
Goals are approved) by the stockholders no later than the first stockholder meeting that occurs in the fifth year following the year in which stockholders approve the Performance Goals. 

ARTICLE XVIII 
 NAME OF
PLAN 
 The Plan shall be known as the “loanDepot 2015 Omnibus Incentive Plan.” 

  
 32 

 EXHIBIT A 

PERFORMANCE GOALS 

To the extent permitted under Section 162(m) of the Code, performance goals established for purposes of Awards intended to be
“performance-based compensation” under Section 162(m) of the Code, shall be based on the attainment of certain target levels of, or a specified increase or decrease (as applicable) in one or more of the following performance goals:

  

	 	•	 	earnings per share; 

  

	 	•	 	operating income; 

  

	 	•	 	gross income; 

  

	 	•	 	net income (before or after taxes); 

  

	 	•	 	cash flow; 

  

	 	•	 	gross profit; 

  

	 	•	 	gross profit return on investment; 

  

	 	•	 	gross margin return on investment; 

  

	 	•	 	gross margin; 

  

	 	•	 	operating margin; 

  

	 	•	 	working capital; 

  

	 	•	 	earnings before interest and taxes; 

  

	 	•	 	earnings before interest, tax, depreciation and amortization; 

  

	 	•	 	return on equity; 

  

	 	•	 	return on assets; 

  

	 	•	 	return on capital; 

  

	 	•	 	return on invested capital; 

  

	 	•	 	net revenues; 

  

	 	•	 	gross revenues; 

  

	 	•	 	revenue growth; 

  

	 	•	 	annual recurring revenues; 

  

	 	•	 	recurring revenues; 

  

	 	•	 	license revenues; 

  

	 	•	 	sales or market share; 

  

	 	•	 	total shareholder return; 

  

	 	•	 	economic value added; 

  

	 	•	 	specified objectives with regard to limiting the level of increase in all or a portion of the Company’s bank debt or other long-term or short-term public or private debt or other similar financial obligations of
the Company, which may be calculated net of cash balances and/or other offsets and adjustments as may be established by the Committee in its sole discretion; 

  

	 	•	 	the fair market value of a share of Common Stock; 

  

	 	•	 	the growth in the value of an investment in the Common Stock assuming the reinvestment of dividends; or 

  

	 	•	 	reduction in operating expenses. 

  
 A-1 

 With respect to Awards that are intended to qualify as “performance-based compensation”
under Section 162(m) of the Code, to the extent permitted under Section 162(m) of the Code, the Committee may, in its sole discretion, also exclude, or adjust to reflect, the impact of an event or occurrence that the Committee determines
should be appropriately excluded or adjusted, including: 
 (a) restructurings, discontinued operations, extraordinary items or events, and
other unusual or non-recurring charges as described in Accounting Standards Codification 225-20, “Extraordinary and Unusual Items,” and/or management’s discussion and analysis of financial condition and results of operations appearing
or incorporated by reference in the Company’s Form 10-K for the applicable year; 
 (b) an event either not directly related to the
operations of the Company or not within the reasonable control of the Company’s management; or 
 (c) a change in tax law or accounting
standards required by generally accepted accounting principles. 
 Performance goals may also be based upon individual participant
performance goals, as determined by the Committee, in its sole discretion. In addition, Awards that are not intended to qualify as “performance-based compensation” under Section 162(m) of the Code may be based on the performance goals
set forth herein or on such other performance goals as determined by the Committee in its sole discretion. 
 In addition, such performance
goals may be based upon the attainment of specified levels of Company (or subsidiary, division, other operational unit, administrative department or product category of the Company) performance under one or more of the measures described above
relative to the performance of other corporations. With respect to Awards that are intended to qualify as “performance-based compensation” under Section 162(m) of the Code, to the extent permitted under Section 162(m) of the
Code, but only to the extent permitted under Section 162(m) of the Code (including, without limitation, compliance with any requirements for stockholder approval), the Committee may also: 

(a) designate additional business criteria on which the performance goals may be based; or 

(b) adjust, modify or amend the aforementioned business criteria. 

  
 A-2

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