Document:

EX-10.5

 Exhibit 10.5 

EXECUTIVE EMPLOYMENT AGREEMENT 

This Executive Employment Agreement (the “Agreement”) is entered into this September 16, 2015 (the “Effective
Date”), between Opportunity Financial, LLC, an Illinois limited liability company (the “Company”), and Jared S. Kaplan (the “Executive”). 

W I T N E S S E T H: 
 WHEREAS,
the Company desires to employ the Executive as Chief Executive Officer of the Company and the Executive desires to be so employed; and 

WHEREAS, the Company and the Executive desire to enter into the Agreement as to the terms of the Executive’s employment by the Company.

 NOW THEREFORE, in consideration of the foregoing, of the mutual promises contained herein and of other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 

1.    Employment Period. The Executive’s employment under this Agreement will commence not later than
November 9, 2015 or such earlier date as the parties may agree (“Effective Date”), and will end on upon a termination of the Executive’s employment in accordance with Section 9 below (“Employment
Period”). Prior to the Effective Date, the Executive shall be reasonably available, without compensation or benefits, to consult with the Company on strategic matters. Upon a termination of the Employment Period, this Agreement (and all
rights and obligations herein) will terminate except for those provisions that specifically survive. In the event that the Executive voluntarily fails to commence employment on the Effective Date, he shall be in breach of this Agreement. On the date
hereof, the Executive shall pay to the Company the sum of $ * * *. Such amount shall be refundable to the Executive at any time, upon his request, subject to the right of the Company to hold such amount until the Effective Date as security against a
potential breach by the Executive of this Section 1. In the event of such breach, the full amount shall be retained by the Company as damages. Capitalized terms not defined in this Agreement have the meaning set forth in the Restated Operating
Agreement of the Company dated as of July 14, 2011 (“Operating Agreement”). 

2.    Position. The Executive will be employed as Chief Executive Officer of the Company, reporting to the Board of
Managers (“Board”). During the Employment Period, the Executive will serve as a member of the Board. The Executive’s principal place of employment will be at the Company’s corporate offices designated from time to time by the
Board. The Executive’s duties shall be as may be prescribed by the Company’s operating agreement and as may be assigned by the Board from time to time commensurate with the Executive’s position. During the Executive’s employment,
the Executive shall owe an undivided duty of loyalty to the Company and agree to devote his full business time and attention to the performance of his duties and responsibilities. The Executive shall perform his duties under this Agreement
professionally, in accordance with the applicable laws, rules and regulations and such standards, policies and procedures established by the Company and the consumer loan industry from time to time (and any other business that the Company may
hereafter commence). The Executive may serve on charitable boards or committees at his discretion without consent of the 

 
Board and, in addition, on such corporate boards as are approved in advance by the Board in its sole discretion, so long as such activities do not interfere with performance of the
Executive’s responsibilities hereunder. In addition, the Executive shall not to engage in any activity that may, in the sole discretion of the Board, be determined to be a conflict of interest with the Company. The Executive further agrees to
serve without additional compensation as an officer and director of the Company’s subsidiaries, if any, and agrees that any amounts received from any such corporation may be offset against the amounts due hereunder. 

3.    Base Salary. During the Employment Period, the Executive will be paid a base salary at an annual rate of $ *
* * (the “Base Salary”), subject to applicable withholdings and payable in accordance with the regular payroll practices of the Company. The amount of the Base Salary will be reviewed from time to time, at least annually, for merit
increases in the sole discretion of the Board, and any such increased amount will be the Executive’s “Base Salary” for purposes of this Agreement thereafter. 

4.    Annual Incentive. During the Employment Period, the Executive will be eligible to earn an annual cash
performance bonus based on the attainment of performance objectives as mutually agreed by the Board and the Executive (“Bonus”). The amount of the Executive’s Bonus payable for achievement of all performance objectives will be equal
to * * * % of the Executive’s Base Salary (“Target Bonus”). * * * % of the Target Bonus amount will be based on Company financial and operating objectives as mutually agreed by the Board and the Executive and the other * * * %
of the Target Bonus will be based on personal objectives determined by the Board in its sole discretion. The actual amount of the Bonus (if any) that may be earned for any fiscal year shall be determined by reference to the attainment of the
applicable performance objectives, as determined by the Board in its sole discretion, and may be less than the Target Bonus (and may equal zero). In the event of any increase in the Executives’ Base Salary effective other than on the first day
of the fiscal year, the Executive’s “Target Bonus” amount (and the actual Bonus earned relative thereto, if any) for such fiscal year will be based on the weighted average of Base Salary for the number of days for such fiscal year
elapsed prior to such increase and the number of days for such fiscal year elapsed after such increase. The Executive’s Bonus for any fiscal year, to the extent earned, will be paid within 30 days after completion of the Company’s annual
audit provided that the Executive is continuously employed through the date of such payment. For the 2015 fiscal year, the Executive’s Bonus, to the extent earned, will be prorated based on the number of days employed during the fiscal year.

 5.    Sign-On Bonus. Within 30 days after the Effective Date, the
Executive will receive a lump sum cash sign-on bonus in the amount of $ * * * . The Executive will be required to repay the entire gross amount of such sign-on bonus to
the Company within 10 days following an involuntary termination of the Executive’s employment by the Company for Cause, or due to the Executive’s voluntary resignation without Good Reason, (each such term as defined below) occurring prior
to the first anniversary of the Effective Date. 
 6.    Co-Investment.
As soon as practicable after the Effective Date, the Executive will invest $ * * * , representing * * * % of the outstanding Member Interests in the Company, including the Executive’s co-investment
herein, by purchasing Investment Units in the Company for a purchase price per Investment Unit equal to the quotient of $ * * * ÷ (the number of 

  
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outstanding Investment Units on the date hereof ± 0.99) x 0.01.1 The Company and the Executive will enter into a Subscription Agreement
reflecting the terms set forth in this Section 6 and other terms and conditions not inconsistent herewith: 

(a)    The Investment Units will be subject to customary transfer restrictions, and
tag-along rights and a drag-along obligation in connection with any Change of Control (defined below) and the preemptive rights set forth in Section 6(c). 

(b)    Upon and following a termination of the Executive’s employment for any reason, to the extent that he owns any
Investment Units, the Company’s obligation to provide non-public information of any sort about the Company and its business to the Executive will be limited to providing the Executive (i) a copy of
the Company’s annual audited financial statements within 30 days after receipt by the Company and (ii) the Executive’s annual Schedule K-1 to the Company’s federal Form 1065 with respect to
his Investment Units as and when required by applicable law. 
 (c)    In the event that the Company raises equity
capital, the Executive will have a preemptive right to participate in such equity raise pari passu and on the same terms and conditions as other investors with respect to a capital raise (or such part thereof) (excluding any such purchase by
the Executive under this preemptive right); provided, that such preemptive right shall not apply to any strategic equity raise as determined in good faith by the Board. 

7.    Profits Interest Grant. As soon as practicable after the Effective Date, the Executive will be granted
incentive units in the Company which are intended to qualify as a safe harbor profits interest under Internal Revenue Procedures 93-27 and 2001-43 (“Profits
Interest Units”). The Company and the Executive will enter into a Profits Interest Units Agreement reflecting the terms set forth in this Section 7 and other terms and conditions not inconsistent herewith: 

(a)    The Profits Interest Units will represent an * * * % common equity interest in the Company, subject to a
preferential right to distributions of the other Members (including the Executive with respect to his Investment Units) and assignees of Incentive Unit rights in the aggregate amount of $ * * * million. Such * * * % common equity interest will be
based on the fully-diluted equity of the Company on the date hereof (taking into account the Executive’s Investment Units and the pool of common equity units for the Company management employees at Section 7(d) below). 

(b)    As a holder of Profits Interest Units, the Executive will be a Member. The Profits Interest Units will be non-voting. 
 (c)    The Profits Interest Units will be subject to vesting as
follows: 
 (i)    * * * % of the Profits Interest Units (“Time-Vesting Profits Interest
Units”) will vest (A) as to * * * % of the Time-Vesting Profits Interest Units on the first 
  

	1 	 Tentatively, the Executive will purchase * * * Investment Units for $ * * * per Investment Unit. Capitalization
to be confirmed at the time of purchase. 

  
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anniversary of the Effective Date and (B) as to the other * * * % of the Time-Vesting Profits Interest Units, in equal monthly installments of * * * % of the Time-Vesting Profits Interest
Units on the monthly anniversary of the Effective Date commencing after the first anniversary of the Effective Date; provided, in the case of all such Time-Vesting Profits Interest Units, that the Executive is continuously employed through the date
that such installment of Time-Vesting Profits Interest Units is scheduled to so vest; provided further, that the Time-Vesting Profits Interest Units will fully vest upon the occurrence of a Change of Control provided that the Executive is
continuously employed through the date of such Change of Control; and 
 (ii)    The other * * * % of the
Profits Interest Units will vest upon the earlier to occur provided that the Executive is continuously employed through such date, of (A) a Change of Control in which the Members (including the Executive with respect to his Investment Units),
assignees of Incentive Unit rights and the Executive with respect to the Profits Interest Units receive (or are entitled to receive upon liquidation of the Company), after payment of all liabilities of the Company, distributions of at least
$75 million or (B) at any time after the date hereof and prior to a Change of Control, the Members (including the Executive with respect to his Investment Units), assignees of Incentive Unit rights and the Executive with respect to the
Time-Vesting Profits Interest Units receive distributions in an aggregate amount of at least $ * * * (“Milestone”). 

(d)    The Company will set aside a pool for the granting of common equity interests to its management employees (other
than the Executive), in such amounts and on such terms and conditions as may be determined by the Board in its sole discretion in consultation with the Executive, representing * * * % of the fully-diluted common equity of the Company (taking into
account the Executive’s Investment Units, the Profits Interest Units, and the Investment Units and Incentive Units outstanding on the date hereof). 

(e)    The Executive will file a Section 83(b) election with the Internal Revenue Service respecting the Profits
Interest Units. 
 (f)    Profits Interest Units will be subject to repurchase by the Company and Members holding
Investment Units (other than the Executive), at the Company’s or such Members’ election, upon a termination of the Executive’s employment for any reason. The purchase price of the vested Profits Interest Units will be equal to their
Fair Market Value and the unvested Profits Interest Units will be forfeited and cancelled for no consideration; provided, upon any termination of the Executive’s employment by the Company for Cause, all vested Profits Interest Units will
be forfeited and cancelled for no consideration. Such repurchase shall be paid in a cash lump sum within 30 days following the later of (i) the expiration of the time within which the Executive may, but does not, request an appraisal of the
Board’s determination of Fair Market Value and (ii) if the Executive so timely requests an appraisal, the date of receipt by the Company of the appraiser’s determination and report of Fair Market Value as provided below;
provided, in the sole discretion of the Board (excluding the Executive), in the event that the Company lacks adequate cash readily available (with consideration of reserves that may be required for the business of the Company) or to the
extent prohibited from repurchasing the Investment Units in a cash lump sum due to any financing covenant or prohibition under 

  
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applicable law, the Company shall issue to the Executive a subordinated promissory note, bearing interest at a per annum rate determined by the Board (provided that such rate shall be fixed at
not less than the prime rate, as published in The Wall Street Journal on the date of issuance, compounded calendar quarterly) which interest shall be payable upon maturity of the note, and becoming due and payable on the earliest to occur of a
Change in Control, a Milestone event and the fifth anniversary of the date of issuance of such subordinated promissory note. 

(g)    The Profits Interest Units will be subject to customary transfer restrictions, and
tag-along rights and a drag-along obligation in connection with any Change of Control. Upon and following a termination of the Executive’s employment for any reason, to the extent that he owns any Profits
Interest Units, the Company’s obligation to provide non-public information about the Company and its business to the Executive will be limited to providing the Executive (i) a copy of the
Company’s annual audited financial statements within 30 days after receipt by the Company and (ii) the Executive’s annual Schedule K-1 to the Company’s federal Form 1065 with respect to his
Profits Interest Units as and when required by applicable law. 
 (h)    In the event that the Company issues Investment
Units pursuant to contribution(s) to the equity capital of the Company attributable to investments by TCS Group LLC or any of its affiliates in an amount up to * * * in the aggregate, the Executive will be granted such additional number of Profits
Interest Units at such time so that his aggregate Profits Interest Units represent an * * * % common equity interest in the Company on a fully-diluted basis as provided above but with such dilution measured with the addition of the Investment Units
issued in such equity raise. Each such subsequent grant shall be made on the same terms and conditions in the manner provided under this Section 7 (other than this Section 7(h)), except that the preferential distribution threshold with
respect to other Unit owners will be increased to the extent it may be required to satisfy Internal Revenue Procedures 93-27 and 2001-43 at the time of such respective
grant; provided, that such non-dilution right shall not apply to any strategic equity raise as determined in good faith by the Board. Executive’s
non-dilution right under this Section 7(h) will expire on the earlier to occur of an initial public offering with respect to the Company or a Change in Control. 

(i)    “Fair Market Value” shall mean, the amount per Profits Interest Unit determined by the Board
(other than the Executive) in good faith based upon the amount that the Executive would have received with respect to such Profits Interest Unit as a distribution in the event of a sale of all of the assets and business of the Company, payment of
its liabilities and making distributions to the Members (and assignees of Incentive Unit rights) in liquidation of the Company as of the date of determination; provided, if the Executive disputes such determination, he may request in writing
within 30 days of the Board’s communication of such determined amount that the Company obtain a valuation of the Profits Interest Units prepared by an independent expert business appraiser selected by the Board (excluding the Executive) to the
determine the Fair Market Value (which may be lesser or greater than, or the same as, the amount so determined by the Board, as applies). The Company will bear the cost of the appraiser. The determination of the appraiser will be final and binding
on the Executive and the Company. 

  
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 (j)    “Change of Control” shall mean the first to
occur of: 
 (i)    The acquisition of the Company by another entity by means of any transaction or
series of related transactions to which the Company is a party (including, without limitation, any equity acquisition, reorganization, merger or consolidation, but excluding any sale of equity interests for capital raising purposes), other than a
transaction or series of transactions in which the holders of the voting securities of the Company outstanding immediately prior to such transaction continue to retain at least fifty percent (50%) of the total voting power represented by the voting
securities of the surviving entity outstanding immediately after such transaction or series of transactions; 

(ii)    Any transaction or series of related transactions in which the persons comprising the Board
immediately prior to such transaction cease to constitute a majority of persons comprising the Board of the Company or any successor thereto immediately following such transaction; or 

(iii)    A sale of all or substantially all the assets of the business conducted by the Company, other than
a transaction in which such assets continue to be under the direct or indirect ownership or control of the Company or Members holding at least fifty percent (50%) of the total voting power represented by Member Interests on the date of such sale.

 8.    Employee Benefits; Vacation; Expenses. 

(a)    The Executive will be entitled to participate in all employee benefit plans that the Company has adopted or may
adopt, maintain or contribute to for the benefit of its employees, subject to satisfying the applicable eligibility requirements. Unless otherwise provided in this Agreement, all benefits are subject to the terms and conditions of the plan or
arrangement under which such benefits accrue, as may be amended or terminated at any time and from time to time in the sole discretion of the Company. 

(b)    The Executive will be entitled to three (3) weeks’ annual paid vacation per calendar year in accordance
with the Company’s policy applicable to its employees, which shall be prorated for any partial fiscal year of employment. 

(c)    Upon presentation of appropriate documentation, the Executive will be reimbursed in accordance with the
Company’s expense reimbursement policy for all reasonable and necessary business expenses incurred in connection with the performance of his duties hereunder. 

9.    Termination of Employment. The Executive’s employment may be terminated by the Company or the Executive
for any reason at any time pursuant to notice by one such party to the other party, and will terminate automatically upon the Executive’s death; provided, the Executive shall give the Company not less than 30 days’ prior written
notice of any termination by the Executive with or without Good Reason. Any payments made and benefits provided to the Executive under this Agreement shall be in lieu of any termination or severance payments or benefits for which the Executive
otherwise may be eligible under any of the plans, practices, policies or programs of the Company. 

  
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 (a)    Death; Disability. In the event that the Executive’s
employment terminates due to his death or Disability (defined below), the Executive will be entitled to: (i) any unpaid Base Salary and any unused vacation accrued through the date of termination; (ii) reimbursement of any unreimbursed
expenses incurred through the date of termination in accordance with Section 8(c); and (iii) all other payments or benefits to which the Executive may be entitled under the terms of any applicable employee benefit plans and programs in
which the Executive participated immediately prior to such termination (clauses (i), (ii) and (iii) collectively being the “Accrued Amounts”). The Executive (or his estate in the event of the Executive’s death) also will
be entitled to a cash amount equal twelve (12) months of Base Salary payable in substantially equal installments in accordance with the Company’s regular payroll cycle over a period of twelve (12) months from the Executive’s date
of termination, commencing on the first complete payroll payment date following the date that the Release (defined below) becomes effective; provided, that this amount will be reduced by the proceeds of any life insurance and by any long-term
disability insurance benefit (to the extent that such long-term disability insurance is not offset by such payment amount hereunder) (“Severance Payment”). “Disability” shall have the meaning set forth in
Treasury Regulation Section 1.409A-3(i)(4). The Executive’s Disability shall be determined by a physician selected by the Company (at the Company’s expense). 

(b)    Termination Without Cause; For Good Reason. If the Executive’s employment is terminated by the Company
without Cause or by the Executive for Good Reason, the Company will pay or provide to the Executive the Accrued Amounts and the Severance Payment. “Good Reason” shall mean, without the Executive’s consent, the occurrence of any
of the following events: (i) removal from the position of Chief Executive Officer or as a member of the Board; (ii) a reduction in the Executive’s Base Salary; (iii) a material breach by the Company of any of its other material
obligations under this Agreement; or (iv) the requirement by the Company that the Executive be based anywhere other than the Chicago, Illinois metropolitan area on an extended basis, except for travel as may be reasonably necessary for the
Executive to discharge his duties under this Agreement; provided, “Good Reason” shall not exist unless and until the Executive provides the Company notice of the acts alleged to constitute Good Reason within thirty (30) days of
the initial occurrence of such event, and the Company fails to cure such acts within thirty (30) days following such notice. The Executive must terminate his employment within thirty (30) days following the expiration of such cure period
in which the basis for Good Reason is not so cured by the Company. 
 (c)    Termination For Cause; Without Good
Reason. If the Executive’s employment is terminated by the Company for Cause or by the Executive without Good Reason (and not due to Disability), the Executive will be entitled to only the Accrued Amounts. “Cause” shall
mean (i) a violation of a federal or state law, regulation or rule of a self-regulatory body due to or resulting from the action or inaction of the Executive; (ii) a violation by the Executive of any of the provisions set forth in
Section 10; (iii) a charge by a law enforcement officer for any felony; (iv) any act of fraud, dishonesty, misappropriation, embezzlement or material misconduct with respect to the Company; (v) any material breach of any material
policy or code of conduct 

  
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of the Company; or (vi) any material breach of this Agreement, the Subscription Agreement, the Profits Interest Agreement or the Operating Agreement. Any termination by the Company for Cause
shall be approved by a majority of the members of the Board (excluding the Executive). 
 (d)    Conditions. The
Severance Payment that may become payable pursuant to Section 9(a) or Section 9(b) is subject to the Executive’s (A) compliance with Section 10 of this Agreement; (B) compliance with all material terms of the
Subscription Agreement, the Profits Interest Agreement and the Operating Agreement; (C) delivery to the Company of an executed general release of claims in a form substantially identical to the form of release attached hereto as Exhibit A
(“Release”) within twenty-one (21) days of presentation thereof by the Company to the Executive (or his estate in the event of the Executive’s death); and (D) delivery to
the Company of a resignation from all offices, directorships and fiduciary positions with the Company, its affiliates and employee benefit plans. Anything in this Section 9(d) to the contrary notwithstanding, to the extent that any payment
conditioned upon such effective Release is deferred compensation under Section 409A (defined below) and the period during which the Executive has discretion to execute or revoke the Release straddles two calendar years, then the Company will
make or commence, as may apply, such payments on the earliest practicable date in such second calendar year after the Release becomes effective. 

(e)    No Mitigation. The Executive will not be obligated to mitigate amounts payable or arrangements made under
the provisions of this Agreement and the obtaining of other employment shall in no event effect any reduction of the Company’s obligations under this Agreement. 

10.    Restrictive Covenants. 

(a)    Confidential Information. During the Employment Period, the Company may furnish to the Executive certain
information that has been identified as non-public, confidential or proprietary in nature. The Company may also impart to the Executive from time to time additional
non-public, confidential or proprietary information of the Company or any of its subsidiaries or Affiliates including, without limitation, one or more business plans and other procedures, concepts, methods,
trade secrets, product plans, the identity of past, current or prospective strategic partners and/or vendors, documentation, diagrams, manuals, handbooks, training or processing materials, marketing techniques or development plans, financial and
pricing information, and the like, whether oral or written. All such material heretofore or hereafter furnished to the Executive, together with any analysis, compilations, studies, summaries, or documents prepared for review by the Executive, the
Company, its Affiliates, agents or employees (as well as any information related to this Agreement, any negotiations pertaining hereto, any of the transactions contemplated hereby or the business of the Company), is hereinafter referred to as the
“Confidential Information”. Confidential Information also includes any information described above which the Company obtains from third parties and which the Company treats as confidential or proprietary, regardless of whether such
information is owned or developed by the Company. Confidential Information shall not include information that: (i) is in or comes into the public domain without any breach of any obligation of confidentiality owed to the Company; (ii) was
in the possession of the Executive prior to its disclosure without the breach or existence of any obligation of confidentiality to the Company; 

  
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(iii) is independently developed by or comes into the possession of the Executive any time hereafter without reference to any information from the Company and without any breach of any obligation
of confidentiality owed to the Company; or (iv) is required to be disclosed under or by applicable law, regulation or lawful court order; provided, that prior to such disclosure, the Executive shall notify the Company in order to allow
the Company the opportunity to obtain relief from such disclosure obligation. During the Employment Period and at all times thereafter, the Executive shall maintain the Confidential Information in secrecy and confidence and shall not, directly or
indirectly, without the prior written consent of the Company, disclose or cause to be disclosed, use or make known, or suffer or permit the disclosure of any of the Confidential Information, except in connection with the conduct of the
Company’s and its subsidiaries’ business. 

(b)    Non-Competition. During the Executive’s employment and for a
period of twenty-four (24) months following a termination of the Executive’s employment for any reason (the “Restricted Period”), the Executive shall not, directly or indirectly, own an interest in, operate, join, control,
advise, work for, consult to, have a financial interest which provides any control of, or participate in any person manufacturing, producing, designing, providing, soliciting orders for, selling, distributing, consulting to, or marketing or re-marketing products or services in a Competitive Business. “Competitive Business” shall mean (i) the business of online personal lending to borrowers and (ii) any other business
commenced by the Company, or with respect to which the Company has undertaken substantial steps to commence, at any time through the date of the Executive’s termination of employment. During the Restricted Period, without the Company’s
prior written consent, the Executive shall not, directly or indirectly, alone or as a partner, member, manager, owner, joint venturer, officer, director, employee, consultant, agent, independent contractor or stockholder of any company or business,
solicit engagements with any business entity that is a licensee under CILA or an affiliate of such entity; provided, that this covenant shall not prohibit the mere ownership by he Executive of less than 2% of the outstanding stock of any
publicly-traded corporation as long as he Executive is not otherwise in violation of this Agreement. 
 (c)    Non-Solicitation of Customers. During the Restricted Period, the Executive shall not, directly or indirectly, induce or solicit or attempt to induce or solicit by mail, by phone, by personal meeting or by any
other means any Customer serviced by the Company or whose name became known to the Executive during the Employment Period. “To solicit” means the Executive’s, direct or indirect, contact or communication of any kind whatsoever
for the purpose of inviting, encouraging or requesting any Customer to: (i) transfer their business from the Company to any other person, or (ii) purchase any products or services from a company that is competitive with the Company, or
(iii) otherwise discontinue its patronage and business relationship with the Company. “Customer” means any person that has received a Consumer Loan from the Company (including their names, addresses, phone numbers, and
financial information) or any person which has been in contact with the Company regarding obtaining a Consumer Loan during the 12 month period immediately preceding the date of the Executive’s termination of employment. 

(d)    Non-Solicitation and Hiring of Employees;
Non-Interference with Consultants, Vendors and Suppliers. During the Restricted Period, the Executive shall not, 

  
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directly or indirectly, (i) solicit, induce, recruit or encourage any employee of the Company or any consultant, supplier or vendor of the Company to terminate such employee’s
employment or to reduce or discontinue such consultant’s, vendor’s or supplier’s business with the Company, or (ii) hire any employee of the Company. For such purposes, an “employee of the Company” means any such person
employed by the Company on the date of the Executive’s termination of employment or who was employed by the Company at any time during the 365-day period immediately preceding such termination. 

(e)    Non-Disparagement. During the Employment Period and at all times
thereafter, the Executive shall not make any oral or written statement to any third party that disparages, defames or reflects adversely upon the Company, its Members, Board of Managers, officers, employees, agents or services providers;
provided, that nothing in this Section 10(e) shall preclude the Executive from making any statement in a filing, or pursuant to a subpoena, in a court of law or other regulatory forum. 

(f)    Records and Other Materials. Upon a termination of the Executive’s employment for any reason, or at any
earlier time requested by the Board, the Executive shall immediately return to the Company or, at the Company’s request, destroy, all records, materials, property, documents and data relating to the Company’s business in the possession of
the Executive, including that containing or based on Confidential Information or proprietary information, whether existing on paper, stored electronically or existing in any other medium, and whether originals or copies; provided, that such
records shall not include those needed by the Executive for filing tax returns. 
 (g)    Assignment of
Inventions. The Executive will promptly communicate and disclose in writing to the Company all inventions and developments including software, whether patentable or not, as well as patents and patent applications (collectively,
“Inventions”), made, conceived, developed, or purchased by the Executive, or under which the Executive acquires the right to grant licenses or to become licensed, alone or jointly with others, which have arisen or jointly with
others, which have arisen or may arise out of the Executive’s employment, or relate to any matters pertaining to, or useful in connection therewith, the business or affairs of the Company or any of its subsidiaries. Included herein as if
developed during the employment period is any specialized equipment and software developed for use in the business of the Company. All of the Executive’s right, title and interest in, to, and under all such Inventions, licenses, and right to
grant licenses shall be the sole property of the Company and shall be “works made for hire”. Any such Inventions disclosed to anyone by the Executive within one (1) year after the termination of employment for any cause whatsoever
(unless developed wholly on the Executive’s private time, the Executive’s personal resources and off Company premises) shall be deemed to have been made or conceived by the Executive during the Employment Period. As to all such Inventions,
the Executive will, upon Company request and at Company expense, execute all documents which the Company deems necessary or proper to enable it to establish title to such Inventions or other rights, and to enable it to file and prosecute
applications for letters patent of the United States and any foreign country; and do all things (including the giving of evidence in suits and other proceedings) which the Company deems necessary or proper to obtain, maintain, or assert patents for
any and all such Inventions or to assert its rights in any Inventions not patented. 

  
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 (h)    Cooperation. The Executive agrees that, following
termination of the Executive’s employment for any reason, the Executive shall upon reasonable advance notice, and to the extent it does not interfere with his other full-time business endeavors or employment obligations, assist and cooperate
with the Company with regard to any matter or project in which the Executive was involved during the Executive’s employment, including any litigation. The Company shall compensate the Executive for his reasonable expenses incurred in such
cooperation and assistance. 
 (i)    Reasonableness of Restrictions; Remedies. 

(i)    The Executive understands how important the relationships the Company has with Company Customers and
with the Company employees, consultants, vendors and suppliers, and with regard to the Company’s Confidential Information, are to the business and success of the Company, and acknowledges the steps the Company has taken, is taking and will
continue to take to develop, preserve and protect these relationships. Accordingly, the Executive agrees that the scope and duration of the restrictions and limitations described in this Section 10 are reasonable and necessary to protect the
legitimate business interests of the Company, and acknowledges that all restrictions and limitations under this Section 10 shall apply regardless of the reason that the Executive’s employment terminates. 

(ii)    The Executive agrees that any violation of this Section 10 would be highly injurious and cause
irreparable harm to the Company. Therefore, the Executive consents and agrees that if the Executive violates the terms of such provisions, the Company shall be entitled, in addition to any other rights and remedies that it may have (including
monetary damages), to apply to any court of competent jurisdiction for specific performance or injunctive or other equitable relief in order to enforce, or prevent any continuing or threatened violation of, the provisions of such provision by the
Executive. If the Executive violates the provisions of Section 10(b), Section 10(c) or Section 10(d), the twenty-four (24) month Restricted Period referred to therein shall be tolled during the period of such violation. If the
Company shall institute any action or proceeding to enforce the provisions of this Section 10, the Executive hereby irrevocably waives any claim or defense that the Executive may have that an adequate remedy at law is available, and each Unit
Holder hereby agrees not to interpose in any such action or proceeding any claim or defense that a remedy exists at law. 

(j)    Survival. The provisions of this Section 10 shall survive the termination of the Executive’s
employment with the Company and shall be fully enforceable thereafter. 
 11.    Arbitration. To the fullest
extent permitted by law, all claims that the Executive may have against Company (or any other released party under the Release), or which the Company may have against the Executive, in any way related to the subject matter, interpretation,
application, or alleged breach of this Agreement (“Arbitrable Claims”) shall be resolved by binding arbitration in Chicago, Illinois. The Arbitration will be held pursuant to the American Arbitration Association’s Commercial
Rules and Mediation Procedures (other than for large or complex disputes). The decision of the arbitrator shall be in writing and shall include a 

  
 11 

 
statement of the essential conclusions and findings upon which the decision is based. Arbitration shall be final and binding upon the parties and shall be the exclusive remedy for all Arbitrable
Claims. Either party may bring an action in a court situated in Cook County, Illinois to compel arbitration under this Agreement and to enforce an arbitration award. Otherwise, neither party shall initiate or prosecute any lawsuit or administrative
action in any way related to any Arbitrable Claim. Notwithstanding the foregoing, either party may, in the event of an actual or threatened breach of this Agreement (including but not limited to the provisions of Section 10), seek a temporary
restraining order or injunction in a court situated in Cook County, Illinois restraining such breach pending a determination on the merits by the arbitrator. THE PARTIES HEREBY WAIVE ANY RIGHTS THEY MAY HAVE TO TRIAL BY JURY IN REGARD TO ARBITRABLE
CLAIMS, INCLUDING WITHOUT LIMITATION ANY RIGHT TO TRIAL BY JURY AS TO THE MAKING, EXISTENCE, VALIDITY, OR ENFORCEABILITY OF THE AGREEMENT TO ARBITRATE. 

12.    Indemnification; Liability Insurance. The Company agrees to indemnify the Executive and hold the Executive
harmless in connection with the performance of his duties under this Agreement to the maximum extent permitted the Operating Agreement. This Section 12 will survive any termination of the Executive’s employment. 

13.    Executive Representations. The Executive represents and warrants that the Executive’s entering into
this Agreement and his employment with the Company will not be in breach of any agreement with any current or former employer and that the Executive is not subject to any other restrictions on solicitation of clients or customers or competing
against another entity. The Executive understands that the Company has relied on this representation in entering into this Agreement. 

14.    Withholding. The Company may withhold from any and all amounts payable under this Agreement such federal,
state and local taxes as may be required to be withheld pursuant to any applicable law or regulation. 
 15.    Code
Section 409A. This Section 15 controls over anything in this Agreement to the contrary. It is intended that any amounts payable under this Agreement shall either be exempt from or comply with Section 409A of the
Internal Revenue Code of 1986, as amended, and all regulations, guidance and other interpretive authority issued thereunder (collectively, “Section 409A”) so as not to subject the Executive to payment of any
additional tax, penalty or interest imposed under Section 409A and this Agreement shall be interpreted accordingly. To the extent any amounts under this Agreement are payable by reference to the Executive’s “termination of
employment” such term and similar terms shall be deemed to refer to Executive’s “separation from service,” within the meaning of Section 409A. Any right to a series of installment payments pursuant to this Agreement is to be
treated as a right to a series of separate payments. To the extent that the reimbursement of any expenses or the provision of any in-kind benefits under this Agreement is subject to Section 409A,
(a) the amount of such expenses eligible for reimbursement, or in-kind benefits to be provided, during any one calendar year shall not affect the amount of such expenses eligible for reimbursement, or in-kind benefits to be provided in any other calendar year; (b) reimbursement of any such expense shall be made by no later than December 31 of the year following the calendar year in which such expense is
incurred; and (c) the Executive’s right to receive such reimbursements or in-kind benefits shall not be subject to liquidation or exchange for another benefit. 

  
 12 

 16.    Entire Agreement; Amendments; No Waiver. This Agreement
(including the Exhibits hereto) supersedes all previous employment agreements, whether written or oral between the Executive and the Company and constitutes the entire agreement and understanding between the Company and the Executive concerning the
subject matter hereof. No modification, amendment, termination, or waiver of this Agreement shall be binding unless in writing and signed by the Executive and a duly authorized officer of the Company. Failure of the any party to insist upon strict
compliance with any of the terms, covenants, or conditions hereof shall not be deemed a waiver of such terms, covenants, and conditions. 

17.    Assignments. This Agreement is personal to each of the parties hereto. Except as provided in this
Section 17 below, no party may assign or delegate any rights or obligations hereunder without first obtaining the written consent of the other party hereto. The Company may assign this Agreement to any successor to all or substantially all of
the business and/or assets of the Company provided the Company shall require such successor to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such
succession had taken place and shall deliver a copy of such assignment to the Executive. 
 18.    Notice. For
the purpose of this Agreement, notices and all other communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given (a) on the date of delivery if delivered by hand, (b) on the date of
transmission, if delivered by confirmed facsimile, (c) on the first business day following the date of deposit if delivered by a national overnight delivery service, or (d) on the third business day following the date delivered or mailed
by United States registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 
 If to the Company: 

Opportunity Financial, LLC c/o TCS Group, LLC 

1 North Wacker Drive 
 Suite 3605

 Chicago, Illinois 60606 

Attention: * * * 
 Facsimile
No.:    
                                        

 If to the Executive: 
 At
the address (or to the facsimile number) shown on the payroll records of the Company 
 or to such other address as either party may have furnished to the
other in writing in accordance herewith, except that notices of change of address shall be effective only upon receipt. 

  
 13 

 19.    Section Headings; Inconsistency. The section headings used
in this Agreement are included solely for convenience and shall not affect, or be used in connection with, the interpretation of this Agreement. In the event of any inconsistency between this Agreement (and the Exhibits hereto) and any other plan,
program, policy or agreement in which the Executive is a participant or a party, the terms of this Agreement shall control unless such other plan, program, policy or agreement specifically refers to this Agreement as not so controlling. 

20.    Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed to be an
original but all of which together will constitute one and the same instrument. One or more counterparts of this Agreement may be delivered by facsimile, or by electronic mail with a signed copy via an Adobe Acrobat document attached thereto, with
the intention that delivery by such means shall have the same effect as delivery of an original counterpart thereof. 
 [Signature Page
Follows] 

  
 14 

 In witness whereof, the parties hereto have executed this Agreement as of the date first
written above. 
  

			
	Opportunity Financial, LLC
		
	By:	 	 /s/ Todd G. Schwartz

	Name:	 	 Todd G. Schwartz

	Its:	 	 President

	
	 /s/ Jared S. Kaplan

	Jared S. KaplanEX-10.6

 Exhibit 10.6 

Execution Copy 

EXECUTIVE EMPLOYMENT AGREEMENT 

This Executive Employment Agreement (the “Agreement”) is entered into this July 8, 2021, by and between Opportunity
Financial, LLC, a Delaware limited liability company (the “Company”), and Neville Crawley (the “Executive”). 

W I T N E S S E T H: 

WHEREAS, the Company desires to employ the Executive as President of the Company and the Executive desires to be so employed; and 

WHEREAS, the Company and the Executive desire to enter into the Agreement as to the terms of the Executive’s employment by the
Company. 
 NOW THEREFORE, in consideration of the foregoing, of the mutual promises contained herein and of other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 

1.    Employment Period. The Executive’s employment under this Agreement will commence not later than
July 19, 2021, or such other date as the parties may agree (“Effective Date”), and will end upon a termination of the Executive’s employment in accordance with Section 7 below (“Employment Period”).
The Executive shall be employed by the Company on an “at will” basis, meaning either the Company or the Executive may terminate the Executive’s employment at any time, with or without Cause (as defined herein) or advance notice. Any
contrary representations that may have been made to the Executive shall be superseded by this Agreement. This Agreement shall constitute the full and complete agreement between the Executive and the Company on the “at will” nature of the
Executive’s employment with the Company, which may be changed only in an express written agreement signed by the Executive and a duly authorized officer of the Company. The Executive’s rights to any compensation following a termination
shall be only as set forth in Section 7. 
 2.    Position. The Executive will be employed as President of
the Company, reporting to the Chief Executive Officer of the Company. The Executive’s principal place of employment will be at his home but the Executive will be required to travel to the Company’s corporate offices, including the
headquarter office currently located in Chicago, Illinois, from time to time as necessary or desirable for the performance of services. The Executive’s duties shall be as may be assigned by the Chief Executive Officer from time to time
commensurate with the Executive’s position. During the Executive’s employment, the Executive shall owe an undivided duty of loyalty to the Company and agree to devote the Executive’s full business time and attention to the performance
of the Executive’s duties and responsibilities. The Executive shall perform the Executive’s duties under this Agreement professionally, in accordance with the applicable laws, rules and regulations and such standards, policies and
procedures established by the Company and the financial services industry from time to time (and any other business that the Company may hereafter commence). The Executive may serve on charitable boards or committees at the Executive’s
discretion without consent of the Chief Executive Officer, so long as such activities do not interfere with performance of the Executive’s responsibilities to the Company. In addition, the Executive shall not engage in any

 
activity that may, in the sole discretion of the Chief Executive Officer, be determined to be a conflict of interest with, or otherwise bring disrepute to, the Company. The Executive further
agrees to serve without additional compensation as an officer and director of the Company’s subsidiaries and affiliates, if any, and agrees that any amounts received from any such entity may be offset against the amounts due hereunder. 

3.    Base Salary. During the Employment Period, the Executive will be paid a base salary at an annual rate of
$400,000 (the “Base Salary”), subject to applicable withholdings and payable in accordance with the regular payroll practices of the Company. The amount of the Base Salary will be reviewed from time to time, at least annually, for
merit increases in the sole discretion of the Compensation Committee (the “Committee”) of the Board of Managers of the Company, or, following the closing of the Business Combination (as defined below), of the Board of Directors of
OppFi Inc., a Delaware corporation and parent company of the Company following the closing of the Business Combination (the “Parent”), and any such increased amount will be the Executive’s “Base Salary” for purposes
of this Agreement thereafter. As used herein, the term “Board” shall mean the Board of Managers of the Company prior to the closing of the Business Combination and the Board of Directors of Parent following the closing of the
Business Combination. 
 4.    Annual Incentive. During the Employment Period, the Executive will be eligible to
earn an annual cash performance bonus (the “Bonus”) based on the attainment of performance objectives as determined by the Committee, which is expected to include the input of the Company’s Chief Executive Officer. The amount
of the Executive’s Bonus payable for achievement of all performance objectives will be equal to 100% of the Executive’s Base Salary (“Target Bonus”). The actual amount of the Bonus (if any) that may be earned for any
fiscal year shall be determined by reference to the attainment of the applicable performance objectives, as determined by the Committee, and may be less than the Target Bonus (and may equal zero). In the event of any increase in the Executive’s
Base Salary effective other than on the first day of the fiscal year, the Executive’s “Target Bonus” amount (and the actual Bonus earned relative thereto, if any) for such fiscal year will be based on the weighted average of Base
Salary for the number of days for such fiscal year elapsed prior to such increase and the number of days for such fiscal year elapsed after such increase. The Executive’s Bonus for any fiscal year, to the extent earned, will be paid within 30
days after completion of the Company’s annual audit provided that the Executive is continuously employed through the date of such payment. For the 2021 fiscal year, the Executive’s Bonus, to the extent earned, will be prorated based on the
number of days employed during the fiscal year. 
 5.    Equity Compensation. As soon as practicable after the
closing of the transactions contemplated by that certain business combination agreement dated as of February 9, 2021, entered into by and between FG New America Acquisition Corp., the Company and certain other parties (the “Business
Combination”), the adoption of the OppFi Inc. 2021 Equity Incentive Plan (the “Plan”) by the stockholders of Parent, the effective registration of Parent shares for offer under the Plan as required by law, and subject to
approval from the Committee, the Company anticipates that the following equity grants (the “Initial Grants”) with respect to shares of 

  
 2 

 
Class A common stock, par value $0.0001 per share, of Parent (“Parent Common Stock”) will be made to the Executive, subject to the terms of the Plan and applicable award
agreements: 
 (a)    1.2 million nonqualified stock options to purchase Parent Common Stock, of which 600,000
options will have an exercise price equal to the market close stock price of Parent Common Stock on the date of grant, and 600,000 options will have an exercise price equal to the greater of (i) $20.00 and (ii) the market close stock price of
Parent Common Stock on the date of grant. All options will expire on the earlier of ten years from the date of grant or the one-year anniversary of the Executive’s termination of service, other than in
the event termination of Executive’s service for Cause, including breach of the Executive’s non-competition obligations, in which case the options shall immediately terminate for no consideration;
and 
 (b)    Restricted stock or restricted stock units valued at $2,000,000 on the date of grant, where the number of
shares or units granted would be determined by dividing such value by the historical 45-day Volume Weighted Average Price (VWAP) as of the grant date. The Executive acknowledges that the restricted stock or
restricted stock units will not be granted prior to 60-days following the closing of the Business Combination. 

The Initial Grants will vest over a four-year period, with 25% of each vesting on the first anniversary of the Effective Date, and the
remaining vesting in equal quarterly installments over the next 36 months subject to the Executive’s continuous service through each vesting date. Notwithstanding anything herein to the contrary, if the Executive’s service is terminated by
the Company for Cause, all unvested awards will immediately terminate for no consideration, to the extent allowed by applicable law. 
 If a
Change in Control (as defined in the Plan) occurs during the Executive’s continuous service, then 50% of the unvested portion of the Initial Grants will become vested immediately before and contingent upon the Change in Control, and if the
Initial Grants are assumed and continued by the acquirer in the Change in Control, and the Executive’s service is terminated by the Company or acquirer without Cause, or by the Executive for Good Reason (as defined herein) during the period
three months immediately prior to or 18 months after a Change in Control, then the remining unvested Initial Grants will become vested upon such termination. To the extent there is a Change in Control and the Initial Grants are not assumed and
continued by the acquirer in the Change in Control then 100% of the unvested portion of the Initial Grants will become vested immediately before and contingent upon the Change in Control. Whether the Initial Grants are or may be assumed and
continued in a Change in Control shall be determined by the Committee. The foregoing vesting in connection with a Change in Control will apply to all other time-vested equity incentive grants granted to the Executive after the Initial Grants. The
treatment of any performance-vested grants upon a Change in Control shall be determined by the Committee. 
 The Initial Grants and other
equity grants to the Executive will be subject to adjustment due to capitalization changes and other corporate events and shall also be subject to dilution for all subsequent equity issuances by Parent. 

6.     Employee Benefits; Vacation; Expenses. 

(a)    The Executive will be entitled to participate in all employee benefit plans that the Company has adopted or may
adopt, maintain or contribute to for the benefit of its 

  
 3 

 
employees, subject to satisfying the applicable eligibility requirements. Unless otherwise provided in this Agreement, all benefits are subject to the terms and conditions of the plan or
arrangement under which such benefits accrue, as may be amended or terminated at any time and from time to time in the sole discretion of the Company. 

(b)    The Executive will be entitled to paid vacation in accordance with the Company’s policy applicable to its
employees, which shall be prorated for any partial fiscal year of employment. 
 (c)    Upon presentation of appropriate
documentation, the Executive will be reimbursed in accordance with the Company’s expense reimbursement policy for all reasonable and necessary business expenses incurred in connection with the performance of his duties hereunder. 

(d)    Upon presentation of appropriate documentation following the commencement of the Employment Period, the Company
will reimburse the Executive up to $15,000 in attorney’s fees in 2021 incurred in connection with the review and negotiation of this 

Agreement. 

7.    Termination of Employment. The Executive’s employment may be terminated by the Company or the Executive
for any reason at any time pursuant to notice by one such party to the other party, and will terminate automatically upon the Executive’s death; provided, the Executive shall give the Company not less than 30 days’ prior written
notice of any termination by the Executive. Any payments made and benefits provided to the Executive under this Agreement shall be in lieu of any termination or severance payments or benefits for which the Executive otherwise may be eligible under
any of the plans, practices, policies or programs of the Company. 
 (a)    Death; Disability. In the event that
the Executive’s employment terminates due to his death or Disability (defined below), the Executive will be entitled to: (i) any unpaid Base Salary through the date of termination; (ii) reimbursement of any unreimbursed expenses
incurred through the date of termination in accordance with Section 6(c); and (iii) all other payments or benefits to which the Executive may be entitled under the terms of any applicable employee benefit plans and programs in which the
Executive participated immediately prior to such termination (clauses (i), (ii) and (iii) collectively being the “Accrued Amounts”). “Disability” shall have the meaning set forth in Treasury Regulation Section 1.409A-3(i)(4). The Executive’s Disability shall be determined by a physician selected by the Company (at the Company’s expense). 

(b)    Termination Without Cause or Resignation for Good Reason. If the Executive’s employment is terminated
by the Company without Cause, or by the Executive for Good Reason, the Company will pay or provide to the Executive the Accrued Amounts and the following benefits: (i) cash severance of 12 months of continued Base Salary (the “Severance
Payment”) payable in substantially equal installments in accordance with the Company’s regular payroll cycle over a period of 12 months from the Executive’s date of termination, and (ii) reimbursement for up to 12 months of
the portion of COBRA premiums that exceed the then-applicable Company-subsidized portion for Executive and his eligible dependents so long as the 

  
 4 

 
Executive timely elects COBRA coverage and remains eligible (with such reimbursement ending earlier upon the Executive’s eligibility for other group health coverage). “Good Reason”
shall mean the occurrence of any of the following without Executive’s written consent: (i) the Company’s material breach of any material provision of this Agreement; (ii) a requirement that the Executive report to any person
other than the Chief Executive Officer of the Company or the Board, or (iii) a material reduction in Executive’s Base Salary or Target Bonus opportunity (other than a reduction that applies on the same or lower percentage basis to other
similarly situated Executives); provided, however, that none of the above shall constitute Good Reason unless the Executive has provided the Company with written notice of the Company’s alleged actions constituting Good Reason within thirty
(30) days after the initial existence of any such alleged actions and the Company has not cured any such alleged actions constituting Good Reason within sixty (60) days of the Company’s receipt of such written notice; provided
further, that a termination by the Executive for Good Reason shall not be deemed to have occurred unless the termination occurs within thirty (30) days following the expiration of such cure period. 

(c)    Termination For Cause or by the Executive Not for Good Reason. If the Executive’s employment is
terminated by the Company for Cause or by the Executive for any reason except for Good Reason, the Executive will be entitled to only the Accrued Amounts. “Cause” shall mean (i) a violation of a federal or state law, regulation
or rule of a self-regulatory body by Executive that causes harm, or is likely to cause harm, to the Company; (ii) a violation by the Executive of provisions a, b, c, d, or g of Section 8 that is not cured within 10 days of written notice
from the Company to the Executive; (iii) a conviction, or plea of guilty or nolo contendere, for any felony; (iv) any act of fraud, dishonesty, misappropriation, embezzlement or material misconduct with respect to the Company, Parent, or
any affiliate (together, or individually, the “Company Group”); (v) any material breach of any material written policy or code of conduct of the Company Group that is not cured within 10 days of written notice from the Company to
the Executive; or (vi) any material breach of this Agreement or any other written agreement with the Company Group that is not cured within 10 days of written notice from the Company to the Executive. 

(d)    Conditions. The Severance Payment that may become payable hereunder is subject to the Executive’s
(i) compliance with Section 8 of this Agreement; (ii) delivery to the Company of an executed general release of claims in the form attached hereto as Exhibit A (“Release”) so that it becomes irrevocable within
30 days after presentation thereof by the Company to the Executive (or the Executive’s estate in the event of the Executive’s death); and (iii) delivery to the Company of a resignation from all offices, directorships and fiduciary
positions with the Company Group and employee benefit plans. Anything in this Section 7(d) to the contrary notwithstanding, to the extent that any payment conditioned upon such effective Release is deferred compensation under Section 409A
(defined below) and the period during which the Executive has discretion to execute or revoke the Release straddles two calendar years, then the Company will make or commence, as may apply, such payments on the earliest practicable date in such
second calendar year after the Release becomes effective. 
 (e)    No Mitigation. The Executive will not be
obligated to mitigate amounts payable or arrangements made under the provisions of this Agreement and the obtaining of other employment shall in no event effect any reduction of the Company’s obligations under this Agreement. 

  
 5 

 8.    Restrictive Covenants. 

(a)    Confidential Information. During the Employment Period, the Company (which, for this Section 8 shall
mean and include the “Company Group”) may furnish to the Executive certain information that is non-public, confidential or proprietary in nature. The Company may also impart to the Executive from
time to time additional non-public, confidential or proprietary information of the Company or any of its subsidiaries or affiliates including, without limitation, one or more business plans and other
procedures, concepts, methods, trade secrets, product plans, the identity of past, current or prospective strategic partners and/or vendors, documentation, diagrams, manuals, handbooks, training or processing materials, marketing techniques or
development plans, financial and pricing information, and the like, whether oral or written. All such material heretofore or hereafter furnished to the Executive, together with any analysis, compilations, studies, summaries, or documents prepared
for review by the Executive, the Company, its affiliates, agents or employees (as well as any information related to this Agreement, any negotiations pertaining hereto, any of the transactions contemplated hereby or the business of the Company), is
hereinafter referred to as the “Confidential Information”. Confidential Information also includes any information described above which the Company obtains from third parties and which the Company treats as confidential or
proprietary, regardless of whether such information is owned or developed by the Company. Confidential Information shall not include information that: (i) is in or comes into the public domain without any breach of any obligation of
confidentiality owed to the Company; (ii) was in the possession of the Executive prior to its disclosure without the breach or existence of any obligation of confidentiality to the Company; or (iii) is independently developed by or comes
into the possession of the Executive any time hereafter without reference to any information from the Company and without any breach of any obligation of confidentiality owed to the Company. In the event Confidential Information is required to be
disclosed by the Executive under or by applicable law, regulation or lawful court order, then prior to such disclosure, the Executive shall notify the Company in order to allow the Company the opportunity to obtain relief from such disclosure
obligation. During the Employment Period and at all times thereafter, the Executive shall maintain the Confidential Information in secrecy and confidence and shall not, directly or indirectly, without the prior written consent of the Company,
disclose or cause to be disclosed, use or make known, or suffer or permit the disclosure of any of the Confidential Information, except in connection with the conduct of the Company’s and its subsidiaries’ business. Nothing in this
Agreement shall prohibit, prevent, or otherwise restrict the Executive from reporting any good faith allegation of unlawful conduct or unlawful employment practices to any appropriate federal, state, or local government agency; reporting any good
faith allegation of criminal conduct to any appropriate federal, state, or local official; participating in a proceeding with any appropriate federal, state, or local government agency; making any truthful statements or disclosures required by law,
regulation, or legal process; or requesting or receiving confidential legal advice. 
 (b)    Non-Competition. During the Executive’s employment and for a period of 12 months following a termination of the Executive’s employment for any reason (the “Restricted Period”), the
Executive shall not, directly or indirectly, own an interest in, operate, join, control, advise, work for, consult to, have a financial interest which provides any control of, or participate in any person producing, designing, providing, soliciting
orders for, selling, distributing, consulting to, or marketing or re-marketing products or services in a Competitive 

  
 6 

 
Business. “Competitive Business” shall mean a business whose current or anticipated primary business lends, facilitates lending, or offers checking or savings accounts to consumers with
less than 680 FICO or Vantage scores. During the Restricted Period, without the Company’s prior written consent, the Executive shall not, directly or indirectly, alone or as a partner, member, manager, owner, joint venturer, officer, director,
employee, consultant, agent, independent contractor or stockholder of any company or business, solicit engagements with any business entity that is a licensee under CILA or an affiliate of such entity; provided, that this covenant shall not prohibit
the mere ownership by the Executive of less than 2% of the outstanding stock of any publicly traded corporation as long as the Executive is not otherwise in violation of this Agreement. 

(c)    Non-Solicitation of Customers. During the Executive’s
employment and for a period of 12 months following a termination of the Executive’s employment for any reason, the Executive shall not, directly or indirectly, induce or solicit or attempt to induce or solicit by mail, by phone, by personal
meeting or by any other means any Customer serviced by the Company or whose name became known to the Executive during the Employment Period. “To solicit” means the Executive’s, direct or indirect, contact or communication of
any kind whatsoever for the purpose of inviting, encouraging or requesting any Customer to: (i) transfer their business from the Company to any other person, or (ii) purchase any products or services from a company that is competitive with
the Company, or (iii) otherwise discontinue its patronage and business relationship with the Company. “Customer” means any person that has been in contact with the Company regarding utilizing the Company’s products or
services during the 24-month period immediately preceding the date of the Executive’s termination of employment. 

(d)    Non-Solicitation and Hiring of Employees;
Non-Interference with Consultants, Vendors and Suppliers. During the Executive’s employment and for a period of 12 months following a termination of the Executive’s employment for any reason, the
Executive shall not, directly or indirectly, (i) solicit, induce, recruit or encourage any employee of the Company or any consultant, supplier or vendor of the Company to terminate such employee’s employment or to reduce or discontinue
such consultant’s, vendor’s or supplier’s business with the Company, or (ii) hire any employee of the Company. For such purposes, an “employee of the Company” means any person employed by the Company on the date of the
Executive’s termination of employment or who was employed by the Company at any time during the 12-month period immediately preceding the date of the Executive’s termination of employment. 

(e)    Non-Disparagement. During the Employment Period and at all times
thereafter, the Executive shall not make any oral or written statement to any third party that disparages, defames or reflects adversely upon the Company, the Board, or its officers, employees, agents or services providers; provided, that
nothing in this Section 8(e) shall preclude the Executive from making any statement in a filing, or pursuant to a subpoena, in a court of law or other regulatory forum. 

(f)    Records and Other Materials. Upon a termination of the Executive’s employment for any reason, or at any
earlier time requested by the Board, the Executive shall immediately return to the Company or, at the Company’s request, destroy, all records, materials, property, documents and data relating to the Company’s business in the possession of
the 

  
 7 

 
Executive, including that containing or based on Confidential Information or proprietary information, whether existing on paper, stored electronically or existing in any other medium, and whether
originals or copies. 
 (g)    Assignment of Inventions. The Executive will promptly communicate and disclose in
writing to the Company all inventions and developments including software, whether patentable or not, as well as patents and patent applications (collectively, “Inventions”), made, conceived, developed, or purchased by the
Executive, or under which the Executive acquires the right to grant licenses or to become licensed, alone or jointly with others, which have arisen or jointly with others, which have arisen or may arise out of the Executive’s employment, or
relate to any matters pertaining to, or useful in connection therewith, the business or affairs of the Company or any of its subsidiaries. Included herein as if developed during the employment period is any specialized equipment and software
developed for use in the business of the Company. All of the Executive’s right, title and interest in, to, and under all such Inventions, licenses, and right to grant licenses shall be the sole property of the Company and shall be “works
made for hire”. Any such Inventions disclosed to anyone by the Executive within one year after the termination of employment for any cause whatsoever (unless developed wholly on the Executive’s private time, the Executive’s personal
resources and off Company premises) shall be deemed to have been made or conceived by the Executive during the Employment Period. As to all such Inventions, the Executive will, upon Company request and at Company expense, execute all documents which
the Company deems necessary or proper to enable it to establish title to such Inventions or other rights, and to enable it to file and prosecute applications for letters patent of the United States and any foreign country; and do all things
(including the giving of evidence in suits and other proceedings) which the Company deems necessary or proper to obtain, maintain, or assert patents for any and all such Inventions or to assert its rights in any Inventions not patented. 

(h)    Cooperation. The Executive agrees that, following termination of the Executive’s employment for any
reason, the Executive shall upon reasonable advance notice, and to the extent it does not interfere with his other full-time business endeavors or employment obligations, assist and cooperate with the Company with regard to any matter or project in
which the Executive was involved during the Executive’s employment, including any litigation. The Company shall compensate the Executive for his reasonable expenses incurred in such cooperation and assistance. 

(i)    Reasonableness of Restrictions; Remedies. 

(i)    The Executive understands how important the relationships the Company has with Company Customers and
with the Company employees, consultants, vendors and suppliers, and with regard to the Company’s Confidential Information, are to the business and success of the Company, and acknowledges the steps the Company has taken, is taking and will
continue to take to develop, preserve and protect these relationships. Accordingly, the Executive agrees that the scope and duration of the restrictions and limitations described in this Section 8 are reasonable and necessary to protect the
legitimate business interests of the Company, and acknowledges that all restrictions and limitations under this Section 8 shall apply regardless of the reason that the Executive’s employment terminates. 

  
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 (ii)    The Executive agrees that any violation of this
Section 8 would be highly injurious and cause irreparable harm to the Company. Therefore, the Executive consents and agrees that if the Executive violates the terms of such provisions, the Company shall be entitled, in addition to any other
rights and remedies that it may have (including monetary damages), to apply to any court of competent jurisdiction for specific performance or injunctive or other equitable relief in order to enforce, or prevent any continuing or threatened
violation of, the provisions of such provision by the Executive. If the Executive violates the provisions of Section 8(b), Section 8(c) or Section 8(d), the restricted period referred to therein shall be tolled during the period of
such violation. If the Company shall institute any action or proceeding to enforce the provisions of this Section 8, the Executive hereby irrevocably waives any claim or defense that the Executive may have that an adequate remedy at law is
available, and hereby agrees not to interpose in any such action or proceeding any claim or defense that a remedy exists at law. 

(j)    Defend Trade Secrets Act of 2016. Pursuant to the Defend Trade Secrets Act of 2016, the Executive
acknowledges that the Executive will not have criminal or civil liability under any federal or state trade secret law for the disclosure of a trade secret that (i) is made (A) in confidence to a federal, state, or local government
official, either directly or indirectly, or to an attorney and (B) solely for the purpose of reporting or investigating a suspected violation of law; or (ii) is made in a complaint or other document filed in a lawsuit or other proceeding,
if such filing is made under seal. 
 (k)    Survival. The provisions of this Section 8 shall survive the
termination of the Executive’s employment with the Company and shall be fully enforceable thereafter. 

9.    Arbitration. To the fullest extent permitted by law, all claims that the Executive may have against the
Company Group (or any other released party under the Release), or which the Company Group may have against the Executive, in any way related to the subject matter, interpretation, application, or alleged breach of this Agreement (“Arbitrable
Claims”) shall be resolved by binding arbitration in Chicago, Illinois. The Arbitration will be held pursuant to the American Arbitration Association’s Commercial Rules and Mediation Procedures (other than for large or complex
disputes). The decision of the arbitrator shall be in writing and shall include a statement of the essential conclusions and findings upon which the decision is based. Arbitration shall be final and binding upon the parties and shall be the
exclusive remedy for all Arbitrable Claims. Either party may bring an action in a court situated in Cook County, Illinois (and the Company may bring an action in any court of competent jurisdiction) to compel arbitration under this Agreement and to
enforce an arbitration award. Otherwise, except as set forth in Section 8, neither party shall initiate or prosecute any lawsuit or administrative action in any way related to any Arbitrable Claim. Notwithstanding the foregoing, either party
may, in the event of an actual or threatened breach of this Agreement, seek a temporary restraining order or injunction in a court situated in Cook County, Illinois restraining such breach pending a determination on the merits by the arbitrator. THE
PARTIES HEREBY WAIVE ANY RIGHTS THEY MAY HAVE TO TRIAL BY JURY IN REGARD TO ARBITRABLE CLAIMS, INCLUDING WITHOUT LIMITATION ANY RIGHT TO TRIAL BY JURY AS TO THE MAKING, EXISTENCE, VALIDITY, OR ENFORCEABILITY OF THE AGREEMENT TO ARBITRATE. 

  
 9 

 10.    Indemnification; Liability Insurance. The Company and the
Executive shall enter into a customary indemnification agreement entered into by members of the Board and Company officers, and the Executive shall be covered as an insured under the contract of directors and officers liability insurance that
insures other Company executives. 
 11.    Executive Representations. The Executive represents and warrants that
the Executive’s entering into this Agreement and the Executive’s employment with the Company will not be in breach of any agreement with any current or former employer and that the Executive is not subject to any other restrictions on
solicitation of clients or customers or competing against another entity. The Executive understands that the Company has relied on this representation in entering into this Agreement. 

12.    Withholding. The Company may withhold from any and all amounts payable under this Agreement such federal,
state and local taxes as may be required to be withheld pursuant to any applicable law or regulation. 
 13.    Code
Section 409A. This Section 13 controls over anything in this Agreement to the contrary. It is intended that any amounts payable under this Agreement shall either be exempt from or comply with Section 409A of the Internal Revenue
Code of 1986, as amended (the “Code”), and all regulations, guidance and other interpretive authority issued thereunder (collectively, “Section 409A”) so as not to subject the Executive to payment of any
additional tax, penalty or interest imposed under Section 409A and this Agreement shall be interpreted accordingly. To the extent any amounts under this Agreement are payable by reference to the Executive’s “termination of
employment” such term and similar terms shall be deemed to refer to Executive’s “separation from service,” within the meaning of Section 409A. Any right to a series of installment payments pursuant to this Agreement is to be
treated as a right to a series of separate payments. To the extent that the reimbursement of any expenses or the provision of any in-kind benefits under this Agreement is subject to Section 409A,
(a) the amount of such expenses eligible for reimbursement, or in-kind benefits to be provided, during any one calendar year shall not affect the amount of such expenses eligible for reimbursement, or in-kind benefits to be provided in any other calendar year; (b) reimbursement of any such expense shall be made by no later than December 31 of the year following the calendar year in which such expense is
incurred; and (c) the Executive’s right to receive such reimbursements or in-kind benefits shall not be subject to liquidation or exchange for another benefit. 

If the Company determines that the severance benefits provided under this Agreement constitutes “deferred compensation” under
Section 409A and if the Executive is a “specified employee,” as such term is defined in Section 409A at the time of the Executive’s separation from service, then, the timing of the Severance Payment will be delayed as
follows: on the earlier to occur of (a) the date that is six months and one day after the Executive’s separation from service, and (b) the date of the Executive’s death (such earlier date, the “Delayed Initial Payment
Date”), the Company will (i) pay to the Executive a lump sum amount equal to the sum of the Severance Payment that the Executive would otherwise have received through the Delayed Initial Payment Date if the commencement of the payment
of the Severance had not been delayed pursuant to the foregoing, and (ii) commence paying the balance of the Severance Payment in accordance with the applicable payment schedule set forth in Section 7. No interest shall be due on any
amounts deferred pursuant to the foregoing. 

  
 10 

 14.    Code Section 280G. Notwithstanding any other
provision of this Agreement or any other plan, arrangement or agreement to the contrary, if any of the payments or benefits provided or to be provided by the Company or its affiliates to the Executive or for the Executive’s benefit pursuant to
the terms of this Agreement or otherwise (“Covered Payments”) constitute parachute payments (“Parachute Payments”) within the meaning of Section 280G of the Code and would, but for this Section be subject to
the excise tax imposed under Section 4999 of the Code (or any successor provision thereto) or any similar tax imposed by state or local law or any interest or penalties with respect to such taxes (collectively, the “Excise
Tax”), then the Covered Payments shall be payable either (a) in full or (b) reduced to the minimum extent necessary to ensure that no portion of the Covered Payments is subject to the Excise Tax, whichever of the foregoing
(a) or (b) results in the Executive’s receipt on an after-tax basis of the greatest amount of benefits after taking into account the applicable federal, state, local and foreign income, employment
and excise taxes (including the Excise Tax). If a reduction in payments or benefits is necessary, reduction shall occur in the following order: (i) cash payments; (ii) equity-based payments and acceleration; and (iii) other non-cash forms of benefits. Within any such category of payments and benefits (that is, (i), (ii) or (iii)), a reduction shall occur first with respect to amounts that are not “deferred compensation”
within the meaning of Section 409A and then with respect to amounts that are. To the extent any such payment is to be made over time (e.g., in installments, etc.), then the payments shall be reduced in reverse chronological order. Any
determination required under this Section, including whether any payments or benefits are Parachute Payments, shall be made by the Committee in its sole discretion. 

15.    Governing Law and Venue. This Agreement shall be deemed to have been executed and delivered within the State
of Illinois, and it shall be construed, interpreted, governed, and enforced in accordance with the laws of the State of Illinois, without regard to choice of law principles. In the event of any dispute in connection with this Agreement, the venue in
which said dispute will be resolved, whether in arbitration or in connection with an injunction, will be Chicago, Illinois. The Executive represents and warrants that the Executive had actual advice of counsel with respect to the choice of law
provision and understands the impact of the choice of law with respect this Agreement, and specifically the restrictive covenants contained herein. 

16.    Entire Agreement; Amendments; No Waiver. This Agreement, Plan (and applicable award agreements thereunder)
constitute the entire agreement and understanding between the Company and the Executive concerning the subject matter hereof. No modification, amendment, termination, or waiver of this Agreement shall be binding unless in writing and signed by the
Executive and a duly authorized officer of the Company. Failure of the any party to insist upon strict compliance with any of the terms, covenants, or conditions hereof shall not be deemed a waiver of such terms, covenants, and conditions. 

17.    Assignments. This Agreement is personal to each of the parties hereto. Except as provided in this
Section 17 below, no party may assign or delegate any rights or obligations hereunder without first obtaining the written consent of the other party hereto. The Company may assign this Agreement to any affiliate or successor to all or
substantially all of the business and/or assets of the Company provided the Company shall require such successor to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to
perform it if no such succession had taken place and shall deliver a copy of such assignment to the Executive. 

  
 11 

 18.    Notice. For the purpose of this Agreement, notices and all
other communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given (a) on the date of delivery if delivered by hand, (b) on the date of transmission, if delivered by electronic mail
confirmed via non-automatic transmission, or (c) on the date of delivery or refusal of delivery via a national overnight delivery service or United States registered or certified mail, return receipt
requested, postage prepaid, addressed as follows: 
 If to the Company: 

Opportunity Financial, LLC 
 130
East Randolph Street 
 Suite 3300 

Chicago, Illinois 60601 

Attention: Chief Executive Officer 

If to the Executive: 
 At the
address (or to the facsimile number) shown on the payroll records of the Company 
 or to such other address as either party may have furnished to the other
in writing in accordance herewith, except that notices of change of address shall be effective only upon receipt. 

19.    Section Headings; Inconsistency. The section headings used in this Agreement are included solely for
convenience and shall not affect, or be used in connection with, the interpretation of this Agreement. In the event of any inconsistency between this Agreement and any other plan, program, policy or agreement in which the Executive is a participant
or a party, the terms of this Agreement shall control unless such other plan, program, policy or agreement specifically refers to this Agreement as not so controlling. 

20.    Severability. Whenever possible, each provision of this Agreement will be interpreted in such manner as to
be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability
will not affect any other provision or any other jurisdiction, but this Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provisions had never been contained herein. 

21.    Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed to be an
original but all of which together will constitute one and the same instrument. One or more counterparts of this Agreement may be delivered by facsimile, or by electronic transmission including DocuSign or .pdf format, with the intention that
delivery by such means shall have the same effect as delivery of an original counterpart thereof. 

  
 12 

 [Signature Page Follows] 

  
 13 

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

			
	COMPANY:
	
	Opportunity Financial, LLC
		
	By:	 	 /s/ Jared
Kaplan                    

	Name:	 	Jared Kaplan
	Its:	 	CEO
	
	EXECUTIVE:
	
	 /s/ Neville
Crawley                    

	Neville Crawley

  
 [Signature Page to
Executive Employment Agreement] 

 Exhibit A 

GENERAL RELEASE1 

This General Release (this “Release”) is hereby made and entered into between Opportunity Financial, LLC (the “Company”)
and Neville Crawley (“Executive”). The Company and Executive may be referred to herein as a “Party” and, together, the “Parties.” Any defined terms used but not defined herein shall have the meaning set forth in the
Employment Agreement (as defined below). 
 WHEREAS, Executive was employed by the Company as its President pursuant to the Executive
Employment Agreement between the Parties dated [●], 2021 (the “Employment Agreement”); and 
 WHEREAS, Executive’s
execution and non-revocation of this Release is a condition to receipt of certain severance payments and benefits under Section 7 of the Employment Agreement (the “Severance Benefits”). 

NOW THEREFORE, in consideration of the Severance Benefits, Executive agrees as follows: 

1.    Separation Date. Executive’s last day of employment with the Company was
[                    ] (the “Separation Date”). Executive will be paid the Accrued Amounts (as defined in the Employment Agreement)
regardless of whether or not Executive signs this Release. As of the Separation Date, Executive is not to hold Executive out as an officer, employee, agent, director, or authorized representative, or negotiate or enter into any agreements on behalf
of, the Company or any of its Affiliates (as defined below), or otherwise attempt to bind the Company or any of its Affiliates, unless instructed in writing to do so by the Chief Executive Officer of the Company. By Executive’s signature below,
Executive agrees that, effective as of the Separation Date and without any further action or notice on Executive’s part, Executive will be considered to have resigned from any and all positions as an officer, director, or similar position with
the Company and any of its subsidiaries or Affiliates. For purposes hereof, the term “Affiliate” shall mean any corporation, association, partnership, limited liability company, or other legal entity or organization that directly, or
indirectly through one or more intermediaries, controls, is controlled by, or is under common control with the Company, and shall include, without limitation, OppFi Inc. and Schwartz Capital Group and their respective affiliates. As used in this
definition, the term “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of any such legal entity, whether through ownership of voting securities, by contract
or otherwise. [Notwithstanding the foregoing resignation, Executive is not resigning as an officer or director of any Affiliates of the Company that are required by regulation to provide notice or obtain approval prior to any director and/or officer
resignation, or that have other legal requirements with respect to resignation and replacement of officers and/or directors, and Executive agrees to execute such other documents to effectuate resignations from any such officer and/or director
position with such an Affiliate as the Company may request; provided, 
  

 

	1 	 Note to Draft: This is a form of General Release attached to the Executive Employment Agreement and is subject
to revision based on the circumstances and changes to applicable laws as of the separation date. 

  
 A-1 

 
however, that (i) the Company and its Affiliates shall continue to indemnify Executive and provide directors’ and officers’ liability insurance to Executive with respect thereto
pursuant to the terms of the indemnification agreement between the Parties and the Company’s director and officer insurance policies, (ii) Executive shall not be required to perform any services with respect thereto, and (iii) the
Company and its Affiliates shall use commercially reasonable efforts to effect such resignations as soon as reasonably practicable.] 

2.    Severance Benefits. Conditioned upon Executive’s signing and not revoking this Release, Executive will
be provided with the severance payments and benefits due to Executive pursuant to Section 7 of the Employment Agreement. The severance payments and benefits due to Executive under Section 7 of the Employment Agreement are referred to
herein as the “Severance Benefits.” Executive acknowledges and agrees that the Severance Benefits are of significant value and in addition to any other compensation to which Executive would be entitled absent his execution of this Release
and that absent signing and not revoking this Release, Executive will not be eligible for, nor shall Executive have a right to receive, any payments from the Company or its Affiliates following the Separation Date other than the Accrued Amounts and
employee benefits as of the end of the Employment Period (as defined in the Employment Agreement). Executive acknowledges and agrees that the Severance Benefits remain subject to the conditions set forth in Section 7(d) of the Employment
Agreement. 
 3.    Post-Separation Obligations. 

(a)    Executive reaffirms and agrees to comply with any and all covenants and agreements regarding non-competition, non-solicitation, confidential information, intellectual property and assignment of inventions, return of company property, and
non-disparagement to which Executive’s employment was subject, including without limitation the provisions in Section 8 (Restrictive Covenants) of the Employment Agreement, including all subsections
thereof. For purposes of clarity, nothing in this Release shall prohibit, prevent, or otherwise restrict Executive from reporting any good faith allegation of unlawful conduct or unlawful employment practices to any appropriate federal, state, or
local government agency; reporting any good faith allegation of criminal conduct to any appropriate federal, state, or local official; participating in a proceeding with any appropriate federal, state, or local government agency; making any truthful
statements or disclosures required by law, regulation, or legal process; or requesting or receiving confidential legal advice. 

(b)    Executive agrees to cooperate with and provide reasonable assistance, at mutually convenient times and locations,
to the Company in transitioning Executive’s responsibilities following the Separation Date, without any additional compensation (other than reimbursement of reasonable out of pocket costs incurred in providing such assistance). It is understood
this obligation may consist of occasional and brief meetings, telephone calls, or e-mails. Executive agrees the Severance Benefits provided in this Release will be the only payments Executive will receive from
the Company or its Affiliates, and Executive agrees that Executive is not entitled to, and will not seek, any further or additional payments, remuneration, or compensation of any kind from the Company or its Affiliates. 

(c)    Following the Separation Date, Executive further agrees to make Executive reasonably available to and cooperate
with the Company and its Affiliates and their respective 

  
 A-2 

 
attorneys with respect to any business issues or legal proceedings that the Company or such Affiliate believes may be in any way related to Executive’s employment with the Company or such
Affiliate or to matters in which Executive was involved or has knowledge (including without limitation the active litigation matters brought by, on behalf of, or against, or otherwise involving, the Company and/or its Affiliates in which Executive
is involved or has provided assistance during Executive’s employment prior to the Separation Date). Such cooperation encompasses Executive’s assistance with matters preliminary to the initiation of any legal proceedings and assistance
during and throughout any litigation, administrative, or legal proceeding, including, but not limited to, participating in any fact-finding efforts or investigation, speaking with the Company’s and/or any of its Affiliates’ attorneys,
testifying in depositions, testifying at hearings or at trial, and assisting with any post-litigation matter or appeal. The Company and its Affiliates shall make reasonable efforts to minimize disruption of Executive’s other business activities
when requesting cooperation under this paragraph. Additionally, the Company and/or such Affiliate requesting Executive’s cooperation shall reimburse Executive for the reasonable expenses, if any, for travel or lodging incurred by Executive
associated with that cooperation. 
 4.    Release. 

(a)    Executive, for Executive and Executive’s family, heirs, executors, administrators, legal representatives, and
their respective successors and assigns, in exchange for the Severance Benefits to be provided pursuant to Section 7 of the Employment Agreement, does hereby release and forever discharge the Company, its Affiliates and each of its their parent
companies, subsidiaries, affiliated companies, successors, and assigns, and their current and former directors, officers, employees, members, shareholders and agents in such capacities (collectively with the Company, the “Released
Parties”) from any and all actions, causes of action, suits, controversies, claims and demands whatsoever, for or by reason of any matter, cause or thing whatsoever, whether known or unknown including, but not limited to, all claims under any
applicable laws arising under or in connection with Executive’s employment or termination thereof, whether for discrimination, harassment, retaliation, tort, breach of express or implied employment contract, wrongful discharge, intentional
infliction of emotional distress, or defamation or injuries incurred on the job or incurred as a result of loss of employment. THIS IS A GENERAL RELEASE OF ANY AND ALL CLAIMS. This release is intended to have the broadest possible application
and includes, but is not limited to (and in each case to the maximum extent permitted by applicable law): any alleged violation of Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Rehabilitation Act of 1973, the Americans
with Disabilities Act of 1990, the Equal Pay Act, the Fair Credit Reporting Act, the Age Discrimination in Employment Act of 1967, the Older Workers Benefit Protection Act, the Employee Retirement Income Security Act of 1974, the Worker Adjustment
and Retraining Notification Act, the Family and Medical Leave Act, and the Sarbanes-Oxley Act of 2002; any alleged violation of the Illinois Human Rights Act, the Illinois Equal Pay Act of 2003, the Illinois Equal Wage Act, the Illinois Wages for
Women and Minors Act, the Illinois Whistleblower Act, the Illinois Personnel Record Review Act, the Illinois Victims’ Economic Security and Safety Act, the Cook County Human Rights Ordinance, and the Chicago Human Rights Ordinance, the
California Fair Employment and Housing Act, the California Unruh Act, the California Constitution, the California Business & Professions Code, the California Government Code, the California Civil Code, the applicable California Wage Order,
the California Labor Code (including sections 201, 202, 203, 212, 226, 

  
 A-3 

 
226.3, 226.7, 510, 512, 515, 558, 1194, and 1198 thereof), as well as claims under the Business & Professions Code sections 17200, et seq. and Labor Code sections 2698, et
seq. based on alleged violations of Labor Code provisions, and any amendments to those laws; any alleged violation of any other federal, state, or local law, rule, regulation, or ordinance that can be waived under applicable law; any public
policy, contract, tort, or common law; any policies, practices or procedures of Company; any claim for wrongful discharge, breach of contract, infliction of emotional distress, promissory estoppel, or defamation; any basis for recovering costs,
fees, or other expenses including attorneys’ fees incurred in these matters; and any claim to equity ownership in any of the Released Parties (other than vested ownership in OppFi Inc. pursuant to the OppFi Inc. 2021 Equity Incentive Plan and
any successor thereto). 
 (b)    Notwithstanding anything in Section 4(a) above to the contrary, this general
release of claims shall not apply to (i) any actions to enforce rights to receive any payments or benefits which may be due to Executive pursuant to Section 7 of the Employment Agreement, or under any of the Company’s employee benefit
plans; (ii) any rights or claims that may arise as a result of events occurring after the date this Release is executed; (iii) any indemnification rights Executive may have as an officer or director of the Company or its Affiliates;
(iv) any claims for benefits under any directors’ and officers’ liability policy maintained by the Company or its subsidiaries or affiliated entities in accordance with the terms of such policy; (v) any rights as a holder of
equity securities of OppFi Inc.; (vi) any claims that cannot be waived as a matter of law; (vii) any claims Executive may have to government-sponsored and administered benefits such as unemployment insurance, workers’ compensation
insurance (excluding claims for retaliation under workers’ compensation laws), state disability insurance, and paid family leave benefits; and (viii) any benefits that vested on or prior to the Separation Date pursuant to a written benefit plan
sponsored by the Company and governed by the federal law known as “ERISA.” For purposes of clarity, this Release does not bar Executive from pursuing any claims that may not be waived as matter of law, such as claims for workers’
compensation or unemployment benefits, or claims under the Illinois Workers’ Occupational Disease Act, the Illinois Employee Credit Privacy Act, or the Illinois Wage Payment and Collection Act, or any rights protected by California Labor Code
§§ 206.5, 227.3, and 2804. 
 (c)    For the purpose of implementing a full and complete release, Executive
expressly acknowledges that the releases given in this Release are intended to include, without limitation, claims that Executive did not know or suspect to exist in Executive’s favor at the time of the date of Executive’s execution of
this Release, regardless of whether the knowledge of such claims, or the facts upon with they might be based, would have materially affected the settlement of this matter; and that the Severance Benefits were also for the release of those claims and
contemplate the extinguishment of any such unknown claims, despite the fact that California Civil Code section 1542 may provide otherwise. Executive expressly waives any right or benefit available to Executive in any capacity under the provisions of
California Civil Code section 1542, which provides as follows: 
 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS THAT THE CREDITOR OR RELEASING
PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE AND THAT, IF KNOWN BY HIM OR HER WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY. 

  
 A-4 

 (d)    Notwithstanding anything in this Release to the contrary, nothing
in this Release or any other agreement between the Company and Executive prohibits or prevents Executive from filing a charge with or participating, testifying, or assisting in any investigation, hearing, or other proceeding before the U.S. Equal
Employment Opportunity Commission, the National Labor Relations Board or a similar agency enforcing federal, state or local anti-discrimination laws (except that, to the maximum extent permitted by law, Executive agrees that if such an
administrative claim is made, Executive shall not be entitled to recover any individual monetary relief or other individual remedies). In addition, nothing in this Release, including but not limited to the release of claims in Section 4(a)
above nor the confidentiality clauses herein, prohibits Executive from: (i) reporting possible violations of federal law or regulations, including any possible securities laws violations, to any governmental agency or entity, including but not
limited to the U.S. Department of Justice, the U.S. Securities and Exchange Commission, the U.S. Congress, or any agency Inspector General; (ii) making any other disclosures that are protected under the whistleblower provisions of federal law
or regulations; or (iii) otherwise fully participating in any federal whistleblower programs, including but not limited to any such programs managed by the U.S. Securities and Exchange Commission and/or the Occupational Safety and Health
Administration. Moreover, nothing in this Release prohibits or prevents Executive from receiving individual monetary awards or other individual relief by virtue of participating in such federal whistleblower programs. 

5.    Executive Representations and Covenant Not to Sue. Executive represents that Executive has not filed against
the Released Parties any complaints, charges, or lawsuits arising out of Executive’s employment, termination of employment, or any other matter arising on or prior to the date Executive signed this Release, and covenants and agrees that
Executive will never individually or with any person or entity file, or commence the filing of, any charges, lawsuits, complaints, or proceedings with any governmental agency, or against the Released Parties with respect to any of the matters
released by Executive pursuant to Section 4 hereof (a “Proceeding”); provided, however, Executive retains the right to commence a Proceeding to challenge whether Executive knowingly and voluntarily waived
Executive’s rights under ADEA. If Executive does pursue a legal claim or files an administrative charge that may not be released as a matter of law, or if such a claim or charge is brought on Executive’s behalf, Executive waives any right
to recover any monetary payments or other individual benefits in any such proceeding (except that, for purposes of clarity, this limitation on monetary recovery shall not apply to proceedings before the Securities and Exchange Commission or pursuant
to other federal whistleblower claims). 
 6.    Reimbursements; Executive Acknowledgements. Executive
acknowledges that Executive has been or will be reimbursed by the Company for all business expenses in accordance with Section 6(c) of the Employment Agreement. Any requests for reimbursement of expenses must be submitted with supporting
documentation pursuant to the Company’s standard policies. Executive further acknowledges that Executive (a) has received payment in full for all services rendered in conjunction with Executive’s employment by the Company and that no
other compensation is owed to Executive except as provided in this Release and Section 7 of the Employment Agreement; (b) Executive has not been denied any request for leave to which 

  
 A-5 

 
Executive believes Executive was legally entitled, and Executive was not otherwise deprived of any of Executive’s rights under the Family and Medical Leave Act or any similar state or local
statute; and (c) Executive has not assigned or transferred, or purported to assign or transfer, to any person, entity, or individual whatsoever, any of the claims released in the foregoing general release and waiver. 

7.    Return of Company Property. Executive agrees that Executive has returned or will promptly return all Company
property in accordance with Section 8(f) of the Employment Agreement as soon as reasonably practicable. 

8.    Taxes. The payments and provision of benefits referenced in this Release (including the Severance Benefits)
shall be subject to withholding for all applicable withholding taxes, including but not limited to income, employment, and social insurance taxes, as shall be required by law. 

9.    ADEA/OWBPA. This Release is intended to satisfy the requirements of the Older Workers’ Benefit
Protection Act, 29 U.S.C. sec. 626(f). 
 (a)    By entering into this Release, Executive is giving up important rights,
including, but not limited to, any rights and claims that may exist under the Age Discrimination in Employment Act of 1967 (“ADEA”). 

(b)    Executive is advised in writing (by this Release) to consult with an attorney before executing this Release. 

(c)    The above release does not waive or release any rights or claims that Executive may have under the ADEA that arise
after Executive’s execution of this Release. In addition, this Release does not prohibit Executive from challenging the validity of this Release’s waiver and release of claims under the ADEA. 

(d)    Executive acknowledges and agrees that (i) Executive has read and understands the terms of this Release;
(ii) Executive has been advised in writing to consult with an attorney before executing this Release; (iii) Executive has obtained and considered such legal counsel as Executive deems necessary; and (iv) the Severance Benefits that
are being provided to Executive are of significant value and in addition to what Executive otherwise would be entitled. 

(e)    Executive has been given twenty-one (21) days from the date on which
this Release was first provided to Executive to consider whether or not to enter into this Release, although Executive may elect to sign earlier, and the Company’s offer will expire at the end of that consideration period; any change(s) made to
this Release by the parties during that time will not restart the running of the 21-day consideration period. 

(f)    Executive may revoke Executive’s acceptance of this Release within seven (7) days after the date
Executive signs it. Executive’s revocation must be in writing and received by the undersigned representative of the Company before 5:00 PM ET on the seventh (7th) day after signing in order to be effective. 

  
 A-6 

 (g)    If Executive does not revoke Executive’s acceptance of this
Release within the 7-day revocation period, this Release and the general release contained herein shall become effective, binding, and enforceable on the eighth (8th) day after the Executive signs it (the 

“Effective Date”). 

(h)    Governing Law; Dispute Resolution. This Release will be governed by and construed and enforced in accordance
with the internal laws of the State of Illinois applicable to contracts made and to be performed entirely within such State. Any dispute between the Parties related to this Release shall be determined according to the arbitration and dispute
resolution provisions set forth in Section 9 of the Employment Agreement. Executive represents and warrants that Executive had actual advice of counsel with respect to the choice of law provision and understands the impact of the choice of law
with respect this Release, and specifically the releases contained herein and the restrictive covenants in Section 8 of the Employment Agreement that survive the termination of Executive’s employment with the Company. 

(i)    Additional Acknowledgement. Executive acknowledges that Executive has read this Release, that Executive has
been advised (by this Release) that Executive should consult with an attorney before he executes this Release, and that Executive understands all of its terms and executes it voluntarily and with full knowledge of its significance and the
consequences thereof. 
 (j)    Severability. If any provision of this Release, or any part thereof, is
determined to be invalid or unenforceable by a court having jurisdiction in the matter, all of the remaining provisions and parts of this Release shall remain fully enforceable; except that, if the provisions in Section 4 concerning releases
are held to be invalid, illegal, or unenforceable, then Executive will be required to enter into a new Release with an enforceable release, unless otherwise agreed to in writing by all parties. 

(k)    Entire Agreement. As of the Separation Date, this Release and the surviving provisions of the Employment
Agreement shall constitute the entire agreement between the Parties with respect to Executive’s former employment with the Company and the Parties’ relationship and obligations to each other; provided that any equity awards held by
Executive shall be governed by the applicable equity plan and grant documents. 
 [Signatures on following page] 

  
 A-7 

									
	COMPANY:	 	EXECUTIVE:
			
	OPPORTUNITY FINANCIAL, LLC	 		 	
				
	By:	 	 /s/ Jared
Kaplan                    
	 	                    	 	 /s/ NEVILLE
CRAWLEY                    

	Name:	 	Jared Kaplan	 		 	NEVILLE CRAWLEY
	Title:	 	CEO	 		 	
	Date:	 	7/8/2021	 		 	Date:	 	7/8/2021

  
 [Signature Page to
General Release of Claims]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00331-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00331-of-00352.parquet"}]]