Document:

EX-10.9

 Exhibit 10.9 

NONQUALIFIED STOCK OPTION AGREEMENT 

PURSUANT TO THE 

LOANDEPOT, INC. 2015 OMNIBUS INCENTIVE PLAN 

*  *  *  *  * 

Participant:                     

Grant Date:                     

Per Share Exercise Price: $         

Number of Shares subject to this Option:                 

*  *  *  *  * 

THIS NON-QUALIFIED STOCK OPTION AWARD AGREEMENT (this “Agreement”), dated as of the Grant Date specified above, is
entered into by and between loanDepot, Inc., a corporation organized in the State of Delaware (the “Company”), and the Participant specified above, pursuant to the loanDepot, Inc. 2015 Omnibus Incentive Plan, as in effect and as
amended from time to time (the “Plan”), which is administered by the Committee; and 
 WHEREAS, it has been determined
under the Plan that it would be in the best interests of the Company to grant the Non-Qualified Stock Option provided for herein to the Participant. 

NOW, THEREFORE, in consideration of the mutual covenants and promises hereinafter set forth and for other good and valuable consideration, the
parties hereto hereby mutually covenant and agree as follows: 
 1. Incorporation By Reference; Plan Document Receipt. This
Agreement is subject in all respects to the terms and provisions of the Plan (including, without limitation, any amendments thereto adopted at any time and from time to time unless such amendments are expressly intended not to apply to the Award
provided hereunder), all of which terms and provisions are made a part of and incorporated in this Agreement as if they were each expressly set forth herein. Any capitalized term not defined in this Agreement shall have the same meaning as is
ascribed thereto in the Plan. The Participant hereby acknowledges receipt of a true copy of the Plan and that the Participant has read the Plan carefully and fully understands its content. In the event of any conflict between the terms of this
Agreement and the terms of the Plan, the terms of the Plan shall control. No part of the Option granted hereby is intended to qualify as an “incentive stock option” under Section 422 of the Code. 

2. Grant of Option. The Company hereby grants to the Participant, as of the Grant Date specified above, a Non-Qualified Stock Option (this “Option”) to acquire from the Company at the Per Share Exercise Price specified above, the aggregate number of shares of 

 
Common Stock specified above (the “Option Shares”). Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement
provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason. The Participant shall have no rights as a stockholder with respect to any
shares of Common Stock covered by the Option unless and until the Participant has become the holder of record of such shares, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of any
such shares, except as otherwise specifically provided for in the Plan or this Agreement. 
 3. Vesting and
Exercise. 
 (a) Vesting. Subject to the provisions of Sections 3(b) and 3(c) hereof, the Option shall vest and become
exercisable as follows, provided that the Participant has not incurred a Termination prior to each such vesting date: 
  

					
	 Vesting Date
	  	Number of Shares	 
	 [●]
	  	 	[●	] 
	 [●]
	  	 	[●	] 
	 [●]
	  	 	[●	] 
	 [●]
	  	 	[●	] 

 There shall be no proportionate or partial vesting in the periods prior to each vesting date and all vesting shall occur only
on the appropriate vesting date, subject to the Participant’s continued service with the Company or any of its Subsidiaries on each applicable vesting date. Upon expiration of the Option, the Option shall be cancelled and no longer exercisable.

 (b) Committee Discretion to Accelerate Vesting. Notwithstanding the foregoing, the Committee may, in its sole discretion, provide
for accelerated vesting of the Option at any time and for any reason. 
 (c) Expiration. Unless earlier terminated in accordance with
the terms and provisions of the Plan and/or this Agreement, all portions of the Option (whether vested or not vested) shall expire and shall no longer be exercisable after the expiration of ten (10) years from the Grant Date. 

4. Termination. Subject to the terms of the Plan and this Agreement, the Option, to the extent vested at the time of the
Participant’s Termination, shall remain exercisable as follows: 
 (a) Termination due to Death or Disability. In the
event of the Participant’s Termination by reason of death or Disability, the vested portion of the Option shall remain exercisable until the earlier of (i) one (1) year from the date of such Termination, and (ii) the expiration
of the stated term of the Option pursuant to Section 3(d) hereof; provided, however, that in the case of a Termination due to Disability, if the Participant dies within such one (1) year exercise period, any unexercised
Option held by the Participant shall thereafter be exercisable by the legal representative of the Participant’s estate, to the extent to which it was exercisable at the time of death, for a period of one (1) year from the date of death,
but in no event beyond the expiration of the stated term of the Option pursuant to Section 3(d) hereof. 

  
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 (b) Involuntary Termination Without Cause. In the event of the Participant’s
involuntary Termination by the Company without Cause, the vested portion of the Option shall remain exercisable until the earlier of (i) ninety (90) days from the date of such Termination, and (ii) the expiration of the stated term of
the Option pursuant to Section 3(d) hereof. 
 (c) Voluntary Resignation. In the event of the Participant’s voluntary
Termination (other than a voluntary Termination described in Section 4(d) hereof), the vested portion of the Option shall remain exercisable until the earlier of (i) thirty (30) days from the date of such Termination, and
(ii) the expiration of the stated term of the Option pursuant to Section 3(d) hereof. 
 (d) Termination for Cause. In the
event of the Participant’s Termination for Cause or in the event of the Participant’s voluntary Termination (as provided in Section 4(c) hereof) after an event that would be grounds for a Termination for Cause, the Participant’s
entire Option (whether or not vested) shall terminate and expire upon such Termination. 
 (e) Treatment of Unvested Options upon
Termination. Any portion of the Option that is not vested as of the date of the Participant’s Termination for any reason shall terminate and expire as of the date of such Termination. 

5. Method of Exercise and Payment. Subject to Section 8 hereof, to the extent that the Option has become vested and
exercisable with respect to a number of shares of Common Stock as provided herein, the Option may thereafter be exercised by the Participant, in whole or in part, at any time or from time to time prior to the expiration of the Option as provided
herein and in accordance with Sections 6.4(c) and 6.4(d) of the Plan, including, without limitation, by the filing of any written form of exercise notice as may be required by the Committee and payment in full of the Per Share Exercise Price
specified above multiplied by the number of shares of Common Stock underlying the portion of the Option exercised. 
 6.
Non-Transferability. The Option, and any rights and interests with respect thereto, issued under this Agreement and the Plan shall not be sold, exchanged, transferred, assigned or otherwise disposed of in any way by the Participant (or
any beneficiary of the Participant), other than by testamentary disposition by the Participant or the laws of descent and distribution. Notwithstanding the foregoing, the Committee may, in its sole discretion, permit the Option to be Transferred to
a Family Member for no value, provided that such Transfer shall only be valid upon execution of a written instrument in form and substance acceptable to the Committee in its sole discretion evidencing such Transfer and the transferee’s
acceptance thereof signed by the Participant and the transferee, and provided, further, that the Option may not be subsequently Transferred other than by will or by the laws of descent and distribution or to another Family Member (as permitted by
the Committee in its sole discretion) in accordance with the terms of the Plan and this Agreement, and shall remain subject to the terms of the Plan and this Agreement. Any attempt to sell, exchange, transfer, assign, pledge, encumber or otherwise
dispose of or hypothecate in any way the Option, or the levy of any execution, attachment or similar legal process upon the Option, contrary to the terms and provisions of this Agreement and/or the Plan shall be null and void and without legal force
or effect. 

  
 3 

 7. Governing Law. All questions concerning the construction, validity and
interpretation of this Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware, without regard to the choice of law principles thereof. 

8. Withholding of Tax. The Company, or an Affiliate, as applicable, shall have the power and the right to deduct or
withhold, or require the Participant to remit to the Company, or an Affiliate, as applicable, an amount sufficient to satisfy any federal, state, local and foreign taxes of any kind (including, but not limited to, the Participant’s FICA and SDI
obligations) which the Company, in its sole discretion, deems necessary to be withheld or remitted to comply with the Code and/or any other applicable law, rule or regulation with respect to the Option and, if the Participant fails to do so, the
Company may otherwise refuse to issue or transfer any shares of Common Stock otherwise required to be issued pursuant to this Agreement. [Any minimum statutorily required withholding obligation with regard to the Participant or any additional tax
obligation with regard to the Participant that does not result in any adverse accounting implications to the Company may, with the consent of the Committee, be satisfied by reducing the amount of cash or shares of Common Stock otherwise deliverable
upon exercise of the Option.] 
 9. Entire Agreement; Amendment. This Agreement, together with the Plan, contains
the entire agreement between the parties hereto with respect to the subject matter contained herein, and supersedes all prior agreements or prior understandings, whether written or oral, between the parties relating to such subject matter. The
Committee shall have the right, in its sole discretion, to modify or amend this Agreement from time to time in accordance with and as provided in the Plan. This Agreement may also be modified or amended by a writing signed by both the Company and
the Participant. The Company shall give written notice to the Participant of any such modification or amendment of this Agreement as soon as practicable after the adoption thereof. 

10. Notices. Any notice hereunder by the Participant shall be given to the Company in writing and such notice shall be deemed
duly given only upon receipt thereof by the General Counsel of the Company. Any notice hereunder by the Company shall be given to the Participant in writing and such notice shall be deemed duly given only upon receipt thereof at such address as the
Participant may have on file with the Company. 
 11. No Right to Employment. Any questions as to whether and when there has
been a Termination and the cause of such Termination shall be determined in the sole discretion of the Committee. Nothing in this Agreement shall interfere with or limit in any way the right of the Company, its Subsidiaries or its Affiliates to
terminate the Participant’s employment or service at any time, for any reason and with or without Cause. 
 12. Transfer of
Personal Data. The Participant authorizes, agrees and unambiguously consents to the transmission by the Company (or any Subsidiary) of any personal data information related to the Option awarded under this Agreement for legitimate business
purposes (including, without limitation, the administration of the Plan). This authorization and consent is freely given by the Participant. 

  
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 13. Compliance with Laws. The issuance of the Option (and the Option Shares upon
exercise of the Option) pursuant to this Agreement shall be subject to, and shall comply with, any applicable requirements of any foreign and U.S. federal and state securities laws, rules and regulations (including, without limitation, the
provisions of the Securities Act, the Exchange Act and in each case any respective rules and regulations promulgated thereunder) and any other law or regulation applicable thereto. The Company shall not be obligated to issue the Option or any of the
Option Shares pursuant to this Agreement if any such issuance would violate any such requirements. 
 14.
Section 409A. Notwithstanding anything herein or in the Plan to the contrary, the Option is intended to be exempt from the applicable requirements of Section 409A of the Code and shall be limited, construed and interpreted in
accordance with such intent. 
 15. Binding Agreement; Assignment. This Agreement shall inure to the benefit of, be
binding upon, and be enforceable by the Company and its successors and assigns. The Participant shall not assign (except in accordance with Section 6 hereof) any part of this Agreement without the prior express written consent of the Company.

 16. Headings. The titles and headings of the various sections of this Agreement have been inserted for convenience of
reference only and shall not be deemed to be a part of this Agreement. 
 17. Counterparts. This Agreement may be
executed in one or more counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same instrument. 

18. Further Assurances. Each party hereto shall do and perform (or shall cause to be done and performed) all such further acts
and shall execute and deliver all such other agreements, certificates, instruments and documents as either party hereto reasonably may request in order to carry out the intent and accomplish the purposes of this Agreement and the Plan and the
consummation of the transactions contemplated thereunder. 
 19. Severability. The invalidity or unenforceability of
any provisions of this Agreement in any jurisdiction shall not affect the validity, legality or enforceability of the remainder of this Agreement in such jurisdiction or the validity, legality or enforceability of any provision of this Agreement in
any other jurisdiction, it being intended that all rights and obligations of the parties hereunder shall be enforceable to the fullest extent permitted by law. 

20. Acquired Rights. The Participant acknowledges and agrees that: (a) the Company may terminate or amend the Plan at any
time; (b) the award of the Option made under this Agreement is completely independent of any other award or grant and is made at the sole discretion of the Company; (c) no past grants or awards (including, without limitation, the Option
awarded hereunder) give the Participant any right to any grants or awards in the future whatsoever; and (d) any benefits granted under this Agreement are not part of the Participant’s ordinary salary, and shall not be considered as part of
such salary in the event of severance, redundancy or resignation. 

  
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 [Remainder of Page Intentionally Left Blank] 

  
 6 

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

			
	LOANDEPOT, INC.
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

	
	PARTICIPANT
	
	  

		
	Name:	 	  

  
 7EX-10.15

 Exhibit 10.15 
  

 
 April 25, 2012 
 Jeff
DerGurahian 
  

	Re:	Offer of Employment 

 Dear Jeff: 

We are pleased to offer you employment with loanDepot, LLC (“loanDepot”) on the following terms and conditions: 

 

	1.	Position. loanDepot offers you the position of EVP, Capital Markets. You will report to Anthony Hsieh in this position. 

  

	2.	Start Date. TBD 5/10/12 

  

	3.	Compensation. loanDepot will pay you the following compensation in this position: $320,000 annually paid semi-monthly. 

  

	4.	Bonus. You will be eligible to participate in the annual Management Incentive Plan with a target of up to 100% of your base pay. Payout of 100% of your target can be achieved if established goals are met and the
Company meets its goals as approved by the Board and as per the Management Incentive Plan. Personal objectives and goals or other components of the bonus plan are to be discussed with Anthony Hsieh and all other loanDepot Management Incentive Plan
criteria for payout will apply once approved. If your goals and the company goals exceed target, you will be eligible for additional bonus consideration. 

  

	5.	Equity. You are eligible to receive equity shares in loanDepot. The shares awarded to you will be based on the value of the shares at the time you start with the Company. For clarity, the shares are internal
shares, not publically traded and would comport with loanDepot’s standard 2009 Incentive Equity Plan terms. Specific distribution of shares and information will follow. 

 

	6.	Relocation. The company will reimburse you up to $80,000 towards your relocation expenses, including but not limited to, temporary housing expenses, house hunting, closing costs on home purchase, moving of
household goods and related travel expenses, etc. This relocation package will remain open for you to use for nine months from your start date. 

  

	7.	PTO. You will be eligible to receive PTO pursuant to the policies set forth in the Employee Handbook. 

 

 
  

	8.	Medical Insurance. You will be eligible to receive medical insurance on the 1st of the month following your start date. 

 

	9.	401(k) Program. You will be eligible to participate in loanDepot’s 401 (k) Program after 3 months of employment. 

  

	10.	Policies. You must abide by loanDepot’s policies and procedures, including all policies contained in loanDepot’s Employee Handbook, which you can find on the Company intranet. 

 

	11.	Background Investigation. This offer is contingent upon your satisfactory completion of a background investigation, which may include criminal history, credit history, employment verification and references,
education verification, and social security number verification. 

  

	12.	Eligibility. This offer of employment is contingent upon you completing on the first day you report to work the “Employment Eligibility Verification” Form (1-9) along with proof of appropriate
identification documents as listed on the enclosed “Lists of Acceptable Documents.” If you are unable to provide acceptable identification within the first three business days of your date of hire, loanDepot will be required by law to
terminate your employment immediately. 

  

	13.	No Reliance. You acknowledge that you are not relocating your residence or resigning employment in reliance on any promise or representation by loanDepot regarding the kind, character, or existence of such work,
or the length of time such work will last, or the compensation therefore. 

  

	14.	Introductory Period. As a new employee, you shall serve an introductory period of 90 calendar days commencing with your first day of employment. During this period, loanDepot and you will have an opportunity to
determine whether further employment is appropriate. loanDepot reserves the right to extend the duration of the introductory period one or more times if it is determined that such an extension is appropriate. The completion of the introductory
period does not alter the at will nature of employment with loanDepot. 

  

	15.	At Will. Your employment with loanDepot is at will, and either you or loanDepot may terminate the employment relationship at any time with or without notice for any reason. No loanDepot representative has the
authority to modify the at will nature of your employment except for the CEO of loanDepot, and any such modification must be in writing signed by both you and the CEO of loanDepot. 

 

	16.	Termination. The Company may terminate your employment without cause at any time, without advance notice. If your employment is terminated without cause and provided that you execute and deliver a general release
of claims in a form acceptable to the Company in its sole discretion, the Company shall pay you an amount equal to the base salary that you would have been entitled to receive if you had continued employment for a period of six months following the
date of termination. 

 

 
  

	17.	Modification. With mutual consent, loanDepot reserves the right to modify your position, duties, compensation, benefits, and/or other terms and conditions of employment at any time in its sole discretion, as
allowed by law, except for the at will employment policy. 

  

	18.	Prior Verbal Agreements. This letter supersedes any prior verbal agreements or representations regarding your employment with loanDepot. 

 

	19.	Offer. If this offer is not accepted in writing within 3 days of the date of this letter, this offer will be automatically revoked at that time. You may send your acceptance of the terms of this offer to us by
mail, email at khintgen@loanDepot.com or facsimile at 949.470.6694. 

 We are excited to have you join our team. If you have any questions,
please feel free to contact me or Kristiina Hintgen directly at 949.470.6694. 
  

							
	Sincerely,	 	
		
	Anthony Hsieh	 	
	CEO	 	
		
	Acknowledged, Accepted and Agreed by:	 	
				
	

	 		 	Date:	 	4/26/12
	  
	 		 		 	  

	Signature	 		 		 	
				
	 Jeffrey Dergurahian
	 		 		 	
	Printed Name	 		 		 	

 

 
  

 Bonus Addendum 

Bonus. You will be eligible to participate in the annual Management Incentive Plan with a target of up to 100% of your base pay. Payout of 100% of your
target can be achieved if established goals are met and the Company meets its goals as approved by the Board and as per the Management Incentive Plan. Personal objectives and goals or other components of the bonus plan are to be discussed with
Anthony Hsieh and all other loanDepot Management Incentive Plan criteria for payout will apply once approved. If your goals and the company goals exceed target, you will be eligible for additional bonus consideration. 

The sample planning worksheet below will be utilized in establishing specific goals and objectives during the year. 

Employee Annual Goal Planning Worksheet 
  

									
	GOALS	 	OBJECTIVES	 	 COMPLETION

DATE
	 	MEASURING OUTCOMES	 	PERCENTAGE (%)
	 What do you plan to
 achieve?
What is the
 expected result?
	 	
What is the work
plan and how will
you achieve your results?
	 	 When will you

complete your

objectives?
	 	
How will you track your
results? What key metrics
will be established?
	 	
Indicate the % of
priority of each goal

in the scope of the
position (to 100%)

	 Goal #1
	 		 		 		 	
	 Goal #2
	 		 		 		 	
	 Goal #3
	 		 		 		 	
	 Goal #4
	 		 		 		 	
	 Goal #5
	 		 		 		 	

  
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 Employee Unit Grant Addendum 

The following terms include key elements of the Employee Unit Grant Agreement but do not include all of the applicable terms and conditions of the agreement.

 The Plan: Employee Unit Grant Agreement, subject to the provisions of the Company’s 2009 Incentive Equity Plan 

Grant Date: [Employment Start Date] 
 Grant of
Employee Units: 21,443.48 Aggregate Employee Units 
 Vesting Schedule: i) 20% of Employee Units shall vest on the 1st day of the 1st anniversary month of employment and ii) 1.667% of the Employee Units shall vest on the first day of each calendar month
thereafter. 
 Current Aggregate Employee Unit Value: 
  

									
	 Company Takeout Value
	  	Current Promote Value	 	  	5% Ownership Value	 
	 $84,844,118
	  	$	5,594,118	  	  	$	279,706	  
	 $127,110,784
	  	$	16,160,784	  	  	$	808,039	  
	 $175,880,015
	  	$	33,230,015	  	  	$	1,661,501	  
	 $200,000,000
	  	$	39,260,011	  	  	$	1,963,001	  
	 $250,000,000
	  	$	51,760,011	  	  	$	2,588,001	  
	 $300,000,000
	  	$	64,260,011	  	  	$	3,213,001	  
	 $400,000,000
	  	$	89,260,011	  	  	$	4,463,001	  
	 $500,000,000
	  	$	114,260,011	  	  	$	5,713,001	  
	 $600,000,000
	  	$	139,260,011	  	  	$	6,963,001	  
	 $700,000,000
	  	$	164,260,011	  	  	$	8,213,001	  
	 $800,000,000
	  	$	189,260,011	  	  	$	9,463,001	  
	 $900,000,000
	  	$	214,260,011	  	  	$	10,713,001	  
	 $1,000,000,000
	  	$	239,260,011	  	  	$	11,963,001	  

 Sample promote valuation based on capitalization @ April 1, 2012 

  
 5 | Page

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