Document:

EX-10.1

 Exhibit 10.1 

STOCKHOLDERS AGREEMENT 

This STOCKHOLDERS AGREEMENT (this “Agreement”) is made as of February 16, 2021 by and among: 

 

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

 

	 	(ii)	 Parthenon Investors III, L.P., PCap Associates, Parthenon Capital Partners Fund, L.P., Parthenon Investors IV,
L.P., Parthenon Capital Partners Fund II, L.P. and PCP Managers, L.P. (collectively, together with their Permitted Transferees, the “Parthenon Stockholders”); 

 

	 	(iii)	 The JLSSAA Trust, established September 4, 2014, JLSA, LLC, Trilogy Mortgage Holdings, Inc., Trilogy
Management Investors Six, LLC, Trilogy Management Investors Seven, LLC and Trilogy Management Investors Eight, LLC (collectively, together with their Permitted Transferees, the “Hsieh Stockholders” and, together with the Parthenon
Stockholders, the “Stockholders”). 

 RECITALS 

 

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

 

	B.	 WHEREAS, in connection with the IPO: 

 

	 	(i)	 The parties to that certain Third Amended and Restated Limited Liability Company Agreement of LD Holdings
Group, LLC, a Delaware limited liability company (“LD Holdings”), dated as of October 1, 2020 (as amended and/or restated from time to time, the “Holdings LLC Agreement”) have agreed to amend the Holdings LLC
Agreement to, among other things, modify its capital structure by replacing the different classes of interests with a single new class of units (the “Holdco Units”); 

 

	 	(ii)	 The Company will issue to the Continuing LLC Members (as defined below) a number of shares of the
Company’s Class B common stock, par value $0.001 per share (“Class B Common Stock”) or Class C common stock, par value $0.001 per share (“Class C Common Stock”)
equal to the number of Holdco Units held by such Continuing LLC Members, as applicable; and 

  

	 	(iii)	 WHEREAS, the Company and LD Investment Holdings, Inc., a Delaware corporation (“Parthenon
Blocker”), will undertake a series of transactions pursuant to which Parthenon Blocker will merge into the Company, with the Company remaining as the surviving corporation (the “Merger”) and, as a result of such Merger, the
Parthenon Stockholders will exchange all of the equity interests of Parthenon Blocker in return for shares of Class D common stock, par value $0.001 per share, of the Company (“Class D Common Stock”); and

  

	C.	 WHEREAS, conditioned upon the closing of the IPO, the parties hereto desire to enter into this Agreement to set
forth their agreements on certain matters. 

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

	1.	 EFFECTIVENESS; DEFINITIONS. 

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

 1.2    Definitions. Certain capitalized terms used in this
Agreement shall have the respective meanings set forth in Section 5.2 hereof. 
  

	2.	 BOARD REPRESENTATION. 

2.1    Right to Designate. From and after the Effective Date hereof until the relevant provision of this
Section 2.1 ceases to be effective in accordance with Section 2.10, (a) the Parthenon Stockholders shall be entitled to designate two (2) persons for election to the Board and (b) the Hsieh Stockholders shall be entitled to
designate two (2) persons for election to the Board; provided, that from and after the date in which the Parthenon Stockholders are, pursuant to Section 2.10, entitled to designate one (1) person or less for election to the Board, the
Hsieh Stockholders shall also be entitled to designate an additional person for election to the Board, provided (x) such person is independent under the applicable rules of the U.S. securities exchange on which the Class A Common Stock is
listed and (y) the Hsieh Stockholders collectively Beneficially Own Common Stock representing at least 25% of the total voting power of the then outstanding Common Stock (each such designated person, a “Nominee”). In addition,
solely for purposes of filling the Class I Board seat that will remain vacant as of the Effective Date, the Hsieh Stockholders shall be entitled to recommend to the Board the person who shall fill such Board seat (which, for the avoidance of
doubt, shall be a one-time right that shall lapse after such initial Board seat is filled) and, provided such person is (i) independent under the applicable rules of the U.S. securities exchange on which
the Class A Common Stock is listed, (ii) qualified to serve in such capacity and (iii) approved by the majority of the members of the Board, which approval shall include each of the independent directors, the Parthenon Stockholders
shall take all Necessary Action to cause such Board seat to be filled by such person. 
 2.2    Classification;
Initial Designees of the Parthenon Stockholders and Hsieh Stockholders. At the Effective Date, the Company, and, if applicable, the Stockholders shall take all Necessary Action, to cause the total number of directors constituting the Board to
fixed at seven (7) members, initially consisting of (a) the initial Nominees of the Parthenon Stockholders, who shall be Brian P. Golson (Class III) and Andrew C. Dodson (Class II), (b) the initial Nominees of the Hsieh Stockholders, who
shall initially be only Anthony Hsieh (Class III), and (c) John C. Dorman (Class III) and Dawn Lepore (Class I). Two (2) seats shall initially be vacant, one (1) of which is a Class I Board seat and one (1) of which is a
Class II Board seat. The Parthenon Stockholders shall not be obligated to designate all (or any) of the directors they are entitled to designate pursuant to this Agreement, but the failure to do so shall not constitute a waiver of its rights
hereunder. The Hsieh Stockholders shall not be obligated to designate all (or any) of the directors they are entitled to designate pursuant to this Agreement, but the failure to do so shall not constitute a waiver of his or its rights hereunder.

 2.3    Subsequent Nomination of Persons Designated by the Parthenon Stockholders or Hsieh Stockholders. The
Company’s Governance and Nominating Committee shall recommend to the Board that any Nominee be nominated and recommended by the Board to stockholders for election as a director of the Company at each meeting of stockholders at which directors
of the class in which such Nominee was or is to be placed are to be elected, and the Board shall recommend any such Nominee to the stockholders for election as a director of the Company at each meeting of stockholders at which directors of the class
in which such person was or is to be placed are to be elected. The Company shall use its best efforts to cause the election of each such Nominee designated by the Parthenon Stockholders or Hsieh Stockholders, as applicable, including by including
each such Nominee in the proxy statement prepared by the Company in connection with soliciting proxies for every meeting of stockholders in which the election of such Nominee’s class of directors is to take place, and at every postponement or
adjournment thereof, and on every action or approval by written consent of the stockholders of the Company or the Board with respect to the election of such Nominee’s class of directors. For so long as each Stockholder party hereto Beneficially
Owns (directly or indirectly) any shares of Common Stock, such Stockholder hereby agrees to take all Necessary Action to cause the election of such Nominee to the Board (any such Nominee so elected to the Board, a “Designated
Director”). 
 2.4    Replacement of Directors Designated by the Parthenon Stockholders or Hsieh
Stockholders. Each Designated Director (and, for the avoidance of doubt, each other director of the Company) may be removed only for cause. In the event that any Designated Director shall cease to serve as a director of the Company for any
reason, any vacancy resulting therefrom shall be filled by the directors then in office in accordance with the Certificate of Incorporation of the Company; provided that the parties who originally designated such Designated Director shall be
entitled to propose to the Board the person who shall fill such Board seat and, provided such person is qualified to serve in such capacity, as determined by the Board in its reasonable discretion, the Stockholders shall take all Necessary Action to
cause such Board seat to be filled by such person. 

  
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 2.5    Voting Agreement. Each Stockholder agrees (i) to take
all Necessary Action reasonably available within its power, including casting all votes to which such Stockholder is entitled in respect of the Common Stock Beneficially Owned by such Stockholder, whether at any annual or special meeting of the
Company’s stockholders, by written consent or otherwise, so as to effect the intent of this Section 2 and (ii) not to grant, or enter into a binding agreement with respect to, any proxy to any Person in respect of such Common Stock
that would prohibit such Stockholder from casting such votes in accordance with the preceding clause (i). 

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

2.7    Expenses; Insurance. The Company shall reimburse each Designated Director for all reasonable out-of-pocket expenses incurred in connection with their attendance at meetings of the Board and any committees thereof, including travel, lodging and meal expenses. The
Company shall obtain customary director and officer liability insurance on commercially reasonable terms. The Company shall provide each Designated Director with exculpation, indemnification and advancement of expenses that are not less favorable to
any such Designated Director than those it provides to any other non-employee directors serving on the Board. 

2.8    Chairman of the Board. For so long as the Hsieh Stockholders have the right to designate at least one
(1) director for nomination under this Agreement, the Company and the Stockholders will take all Necessary Action to ensure that Anthony Hsieh shall be the Chairman of the Board of the Company. 

2.9    Committee Participation. Subject to applicable laws and stock exchange regulations, 

 

	 	(a)	 for so long as the Hsieh Stockholders have the right to designate at least one (1) director for nomination
under this Agreement, the Hsieh Stockholders shall have the right to have a representative (i) on the Compensation Committee, provided that such representative shall not be Anthony Hsieh, a director serving as the Chairman of the Board or the
Chief Executive Officer of the Company, and (ii) on the Governance and Nomination Committee, provided that such representative shall not be Anthony Hsieh, a director serving as the Chairman of the Board or the Chief Executive Officer of the
Company and, for the avoidance of doubt, that a majority of the directors on such committee shall be independent under the applicable rules of the U.S. securities exchange on which the Class A Common Stock is listed; and 

 

	 	(b)	 for so long as the Parthenon Stockholders have the right to designate at least one (1) director for
nomination under this Agreement, the Parthenon Stockholders shall have the right to have a representative on any mergers and acquisition, capital markets or similar committee (if any). 

2.10    Termination of the Parthenon Stockholders’ and Hsieh Stockholders’ Right to Designate Directors.

  

	 	(a)	 At such time as the Parthenon Stockholders cease to collectively Beneficially Own (i) Common Stock
representing at least 15% of the total voting power of the then outstanding Common Stock, the Parthenon Stockholders shall only be entitled to designate one (1) person for election to the Board and (ii) Common Stock representing at least
5% of the total voting power of the then outstanding Common Stock, the Parthenon Stockholders shall not be entitled to designate any persons for election to the Board. 

 

	 	(b)	 At such time as the Hsieh Stockholders cease to collectively Beneficially Own Common Stock representing at
least 5% of the total voting power of the then outstanding Common Stock, the Hsieh Stockholders shall not be entitled to designate any persons for election to the Board. 

2.11    Controlled Company. For so long as the Stockholders collectively Beneficially Own Common Stock representing
a majority of the total voting power, the Company shall take all Necessary Action to avail itself of all available “controlled company” exceptions to the corporate governance listing standards of any U.S. securities exchange on which
shares of Class A Common Stock are listed, unless waived in writing by the Stockholders. 

  
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	3.	 REPRESENTATIONS AND WARRANTIES. 

3.1    Representations and Warranties. Each Stockholder represents and warrants that (a) this Agreement has
been duly authorized, executed and delivered by such Stockholder and constitutes the valid and binding obligation of such Stockholder, enforceable in accordance with its terms, except as enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating to enforceability, and (b) such Stockholder has not
granted and is not a party to any proxy, voting trust or other agreement which is inconsistent with, conflicts with, or violates any provision of this Agreement. 
  

	4.	 AMENDMENT, TERMINATION, ETC. 

4.1    Written Modifications. This Agreement may not be orally amended or modified and no oral waiver of any of its
terms shall be effective. This Agreement may be amended or modified and the provisions hereof may be waived, only by an agreement in writing signed by the Hsieh Stockholders and the Parthenon Stockholders. Each such amendment, modification or waiver
shall be binding upon each party hereto. 
 4.2    Termination. This Agreement will terminate on the earlier to
occur of (a) the Parthenon Stockholders and the Hsieh Stockholders jointly electing, by giving written notice of withdrawal to the Company and (b) delivery to the Company by the Hsieh Stockholders (or the Parthenon Stockholders, as
applicable) of a written notice of withdrawal following the date on which the Parthenon Stockholders (or the Hsieh Stockholders, as applicable) no longer have the right to designate an individual for nomination to the Board (at which time, for the
avoidance of doubt the Parthenon Stockholders (or the Hsieh Stockholders, as applicable) shall cease to be a party to this Agreement and shall no longer be subject to the obligations of this Agreement or have rights under this Agreement). From the
date of delivery of any such withdrawal notice, the Parthenon Stockholders and/or the Hsieh Stockholders, as applicable, shall cease to be a party to this Agreement and shall no longer be subject to the obligations of this Agreement or have rights
under this Agreement. 
 4.3    Effect of Termination. No termination under this Agreement shall relieve any
Person of liability for a material breach hereof prior to such termination. 
  

	5.	 MATTERS OF CONSTRUCTION; DEFINITIONS. 

5.1    Certain Matters of Construction. 
  

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

 

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

 

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

  

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

 

	 	(e)	 Wherever any particular Section or provision of this Agreement provides for an act (including any approval or
consent, including pursuant to Section 4.1 hereof) to be taken by the Parthenon Stockholders or the Hsieh Stockholders, as applicable, such act may be taken if approved by the Parthenon Stockholders or the Hsieh Stockholders, as applicable,
that Beneficially Own a majority of the total voting power of the Common Stock that is collectively Beneficially Owned by all Parthenon Stockholders or the Hsieh Stockholders, as applicable. 

  
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 5.2    Definitions. The following terms shall have the following
meanings: 
 “Agreement” shall have the meaning set forth in the preamble. 

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

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

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

“Capital Stock” means (i) with respect to any Person that is a corporation, any and all shares, interests or equivalents
in capital stock of such corporation (whether voting or nonvoting and whether common or preferred) and (ii) with respect to any Person that is not a corporation, individual or governmental entity, any and all partnership, membership, limited
liability company or other equity interests of such Person that confer on the holder thereof the right to receive a share of the profits and losses of, or the distribution of assets of, the issuing Person, including in each case any and all
warrants, rights (including conversion and exchange rights) and options to purchase any of the foregoing. 

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

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

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

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

“Common Stock” shall mean, collectively, the Class A Common Stock, Class B Common Stock, the Class C Common
Stock and the Class D Common Stock. 
 “Company” shall have the meaning set forth in the preamble. 

“Continuing LLC Members” shall mean the members of LD Holdings (excluding Parthenon Blocker) immediately prior to the IPO.

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

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

“Family Group” shall mean, as to any particular Person who is an individual, (i) such individual’s spouse, domestic
partner, parent, sibling and descendants (whether natural or adopted) (collectively, for purposes of this definition, “relatives”), (ii) such individual’s executor or personal representative, (iii) any trust, or other entity
formed for estate planning purposes, the trustee (or an equivalent thereof) of which is such individual or such individual’s executor or personal representative and which at all times is and remains solely for the benefit of such individual
and/or such individual’s relatives, (iv) any corporation, limited partnership, limited liability company or other tax flow-through entity the governing instruments of which provide that such individual or such individual’s executor or
personal representative shall have the exclusive, nontransferable power to direct the management and policies of such entity and of which the sole owners of stock, partnership interests, membership interests or any other equity interests are limited
to such individual, such individual’s relatives and/or the trusts (or other entities) described in clause (iii) above, and (v) any retirement plan for such individual or such individual’s relatives. 

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

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

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

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

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

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

“Necessary Action” shall mean, with respect to a specified result, all actions (to the extent such actions are permitted by
applicable law and, in the case of any action by the Company that requires a vote or other action on the part of the Board, to the extent such action is consistent with the fiduciary duties that the Company’s directors have in such capacity)
necessary to cause such result, including (i) voting or providing a written consent or proxy with respect to shares of Common Stock or other securities entitled to vote with respect to such specified result, (ii) causing the adoption of
stockholders’ resolutions and amendments to the organizational documents of the Company, (iii) causing members of the Board (to the extent such members were designated by the Person obligated to undertake the Necessary Action) to act
(subject to any applicable fiduciary duties) in a certain manner or causing them to be removed in the event they do not act in such a manner, (iv) executing agreements and instruments and (v) making or causing to be made, with
governmental, administrative or regulatory authorities, all filings, registrations or similar actions that are required to achieve such result. 

“Nominee” shall have the meaning set forth in Section 2.1. 

“Parthenon Blocker” shall have the meaning set forth in the Recitals. 

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

“Permitted Transferees” means, with respect to any Stockholder, any of (i) any Parthenon Stockholder or any Affiliate of
a Parthenon Stockholder, (ii) any Hsieh Stockholder or any Affiliate of a Hsieh Stockholder or (iii) Anthony Hsieh or any of his Affiliates or member of his Family Group, in each case, provided that prior to any transfer of Common Stock
such Person shall have executed and delivered to the Company a Joinder Agreement agreeing to be bound by the terms of this Agreement in the form of Annex A attached hereto. 

“Person” shall mean any individual, partnership, corporation, company, association, trust, joint venture, limited liability
company, unincorporated organization, entity or division, or any government, governmental department or agency or political subdivision thereof. 

“SEC” shall mean the U.S. Securities and Exchange Commission or any successor agency. 

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

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

 

	6.	 MISCELLANEOUS. 

6.1    Authority; Effect. Each party hereto represents and warrants to and agrees with each other party that
(a) to the extent that such party is an individual, such party has the legal capacity to execute and deliver this Agreement and to consummate the transactions contemplated hereby, (b) to the extent that such party is an entity, such party
has the full limited liability company or other entity power and authority to execute, deliver and perform this Agreement and to consummate the transactions contemplated hereby, and the execution and delivery by such party of this Agreement and the
consummation by such party of the transactions contemplated hereby have been duly authorized by all necessary limited liability company or other entity action on the part of such party and no other proceedings on

  
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the part of such party are necessary to approve this Agreement and to consummate the transactions contemplated hereby, and (c) neither the execution nor the delivery of this Agreement nor
the consummation of the transactions contemplated hereby will violate any material agreement or other instrument applicable to such party or by which its assets are bound. This Agreement does not, and shall not be construed to, give rise to the
creation of a partnership among any of the parties hereto, or to constitute any of such parties members of a joint venture or other association. 

6.2    Notices. Any notices and other communications required or permitted in this Agreement shall be effective if
in writing and (a) delivered personally, (b) sent by facsimile, or (c) sent by overnight courier, in each case, addressed as follows: 

If to the Company, to: 

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

Attn: General Counsel 
 Facsimile:
(949) 470-6237 
 with copies to: 

Kirkland & Ellis LLP 

601 Lexington Avenue 
 New York,
New York 10022 
 Attn: Joshua N. Korff, P.C. and Michael Kim 

Facsimile: (212) 446-4900 

and 
 Sheppard, Mullin,
Richter & Hampton LLP 
 333 South Hope Street, 43rd floor 

Los Angeles, California 90071 

Attn: David H. Sands 
 Facsimile:
(213) 443-2743 
 If to a Parthenon Stockholder, to: 

Parthenon Capital Partners 
 Four
Embarcadero Center, Suite 3610 
 San Francisco, CA 94111 

Facsimile: (415) 913-3913 

Attention: Brian P. Golson 
 and
Andrew C. Dodson 
 with copies to: 

Kirkland & Ellis LLP 

300 N. LaSalle 
 Chicago, IL 60654

 Facsimile: (312) 862-2200 

Attention: Jeffrey Seifman, P.C. 

and Shelly M. Hirschtritt, P.C. 

and Tana M. Ryan, P.C. 
 If to a
Hsieh Stockholder, to: 

  
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 with copies to: 

Gibson Dunn & Crutcher LLP 

333 South Grand Avenue 
 Los
Angeles, California 90071 
 Attn: Kevin S. Masuda 

Facsimile: (213) 229-7872 

Notice to the holder of record of any shares of Capital Stock shall be deemed to be notice to the holder of such shares for all purposes
hereof. 
 Unless otherwise specified herein, such notices or other communications shall be deemed effective (x) on the date received,
if personally delivered, (y) on the date received if delivered by facsimile on a business day, or if not delivered on a business day, on the first business day thereafter, and (z) two business days after being sent by overnight courier.
Each of the parties hereto shall be entitled to specify a different address by giving notice as aforesaid to each of the other parties hereto. 

6.3    Binding Effect, Etc. This Agreement constitutes the entire agreement of the parties with respect to the
subject matter, supersedes in its entirety all prior or contemporaneous oral or written agreements or discussions with respect to its subject matter and shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and permitted assigns. Other than to a Permitted Transferee, none of the parties hereto may assign any of its respective rights or delegate any of its respective obligations under this Agreement without the prior written consent of the
other parties hereto, and any attempted assignment or delegation in violation of the foregoing shall be null and void. 

6.4    Descriptive Heading. The descriptive headings of this Agreement are for convenience of reference only, are
not to be considered a part hereof and shall not be construed to define or limit any of the terms or provisions hereof. 

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

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

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

  
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 6.9    Specific Performance. The parties hereto shall have all
remedies available at law, in equity or otherwise in the event of any breach or violation of this Agreement or any default hereunder. The parties acknowledge and agree that in the event of any breach of this Agreement, in addition to any other
remedies which may be available, each party hereto shall be entitled to specific performance of the obligations of the other party hereto and, in addition, to such other equitable remedies (including preliminary or temporary relief) as may be
appropriate in the circumstances. 
 6.10    Governing Law. This Agreement and all claims arising out of or based
upon this Agreement or relating to the subject matter hereof shall be governed by and construed in accordance with the domestic substantive laws of the State of Delaware without giving effect to any choice or conflict of laws provision or rule that
would cause the application of the domestic substantive laws of any other jurisdiction. 
 6.11    Consent to
Jurisdiction. Each party to this Agreement, by its execution hereof, (a) hereby irrevocably submits to the non-exclusive jurisdiction of the state and federal courts sitting in the State of Delaware
for the purpose of any action, claim, cause of action or suit (in contract, tort or otherwise), inquiry, proceeding or investigation arising out of or based upon this Agreement or relating to the subject matter hereof, (b) hereby waives to the
extent not prohibited by applicable law, and agrees not to assert, and agrees not to allow any of its subsidiaries to assert, by way of motion, as a defense or otherwise, in any such action, any claim that it is not subject personally to the
jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that any such proceeding brought in one of the above-named courts is improper, or that this Agreement or the subject matter hereof or thereof
may not be enforced in or by such court and (c) hereby agrees not to commence or maintain any action, claim, cause of action or suit (in contract, tort or otherwise), inquiry, proceeding or investigation arising out of or based upon this
Agreement or relating to the subject matter hereof other than before one of the above-named courts nor to make any motion or take any other action seeking or intending to cause the transfer or removal of any such action, claim, cause of action or
suit (in contract, tort or otherwise), inquiry, proceeding or investigation to any court other than one of the above-named courts whether on the grounds of inconvenient forum or otherwise. Notwithstanding the foregoing, any party to this Agreement
may commence and maintain an action to enforce a judgment of any of the above-named courts in any court of competent jurisdiction. Each party hereto hereby consents to service of process in any such proceeding in any manner permitted by Delaware
law, and agrees that service of process by registered or certified mail, return receipt requested, at its address specified pursuant to Section 6.2 hereof is reasonably calculated to give actual notice. 

6.12    WAIVER OF JURY TRIAL. TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE WAIVED, EACH PARTY
HERETO HEREBY WAIVES AND COVENANTS THAT IT WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE) ANY RIGHT TO TRIAL BY JURY IN ANY FORUM IN RESPECT OF ANY ISSUE OR ACTION, CLAIM, CAUSE OF ACTION OR SUIT (IN CONTRACT, TORT OR OTHERWISE),
INQUIRY, PROCEEDING OR INVESTIGATION ARISING OUT OF OR BASED UPON THIS AGREEMENT OR THE SUBJECT MATTER HEREOF OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE TRANSACTIONS CONTEMPLATED HEREBY, IN EACH CASE WHETHER NOW EXISTING OR
HEREAFTER ARISING. EACH PARTY HERETO ACKNOWLEDGES THAT IT HAS BEEN INFORMED BY THE OTHER PARTIES HERETO THAT THIS SECTION 6.12 CONSTITUTES A MATERIAL INDUCEMENT UPON WHICH THEY ARE RELYING AND WILL RELY IN ENTERING INTO THIS AGREEMENT. EITHER PARTY
HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 6.12 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE OTHER PARTY TO THE WAIVER OF ITS RIGHT TO TRIAL BY JURY. 

6.13    Exercise of Rights and Remedies. No delay of or omission in the exercise of any right, power or remedy
accruing to any party as a result of any breach or default by the other party under this Agreement shall impair any such right, power or remedy, nor shall it be construed as a waiver of or acquiescence in any such breach or default, or of any
similar breach or default occurring later; nor shall any such delay, omission nor waiver of any single breach or default be deemed a waiver of any other breach or default occurring before or after that waiver. 

*        *        *       
 *        * 

  
 9 

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

			
	 LOANDEPOT, INC.

		
	By:	 	 /s/ Anthony Hsieh

	 Name:
	 	Anthony Hsieh
	 Its:
	 	Chief Executive Officer

  
 [Signature Page to Stockholders
Agreement] 

 
			
	 PARTHENON INVESTORS III, L.P.

		
	By:	 	 PCap Partners III, LLC,
 its General
Partner

		
	By:	 	 PCap III, LLC,
 its Managing
Member

		
	By:	 	 PCP Managers, LLC,
 its Managing
Member

		
	By:	 	 /s/ Joseph Taveira

	 Name:
	 	Joseph Taveira
	 Title:
	 	Chief Financial Officer
	
	 PCAP ASSOCIATES

		
	By:	 	 PCap Partners III, LLC,
 its General
Partner

		
	By:	 	 PCap III, LLC,
 its Managing
Member

		
	By:	 	 PCP Managers, LLC,
 its Managing
Member

		
	By:	 	/s/ Joseph Taveira
	 Name:
	 	Joseph Taveira
	 Title:
	 	Chief Financial Officer
	
	 PARTHENON CAPITAL PARTNERS FUND, L.P.

		
	By:	 	 PCP Managers, LLC,
 its General
Partner

		
	By:	 	/s/ Joseph Taveira
	 Name:
	 	Joseph Taveira
	 Title:
	 	Chief Financial Officer
	
	 PARTHENON INVESTORS IV, L.P.

		
	By:	 	 PCP Partners IV, L.P.,
 its General
Partner

		
	By:	 	 PCP Managers, LP,
 its Managing
Member

		
	By:	 	 PCP Managers GP, LLC,
 its General
Partner

		
	By:	 	/s/ Joseph Taveira
	 Name:
	 	Joseph Taveira
	 Title:
	 	Chief Financial Officer

  
 [Signature Page to Stockholders
Agreement] 

 
			
	 PARTHENON CAPITAL PARTNERS FUND II, L.P.

		
	By:	 	 PCP Managers, LP,
 its General
Partner

		
	By:	 	 PCP Managers GP, LLC,
 its General
Partner

		
	By:	 	/s/ Joseph Taveira
	 Name:
	 	Joseph Taveira
	 Title:
	 	Chief Financial Officer
	
	 PCP MANAGERS, L.P.

		
	By:	 	 PCP Managers GP, LLC,
 its General
Partner

		
	By:	 	/s/ Joseph Taveira
	 Name:
	 	Joseph Taveira
	 Title:
	 	Chief Financial Officer

  
 [Signature Page to Stockholders
Agreement] 

 
			
	THE JLSSAA TRUST, ESTABLISHED SEPTEMBER 4, 2014
		
	By:	 	 /s/ Anthony Hsieh

	 Name:
	 	Anthony Hsieh
	 Its:
	 	Trustee
	
	 JLSA, LLC

		
	By:	 	 /s/ Anthony Hsieh

	 Name:
	 	Anthony Hsieh
	 Its:
	 	Trustee
	
	 TRILOGY MORTGAGE HOLDINGS, INC.

		
	By:	 	 /s/ Anthony Hsieh

	 Name:
	 	Anthony Hsieh
	 Its:
	 	Manager
	
	 TRILOGY MANAGEMENT INVESTORS SIX, LLC

		
	By:	 	 /s/ Anthony Hsieh

	 Name:
	 	Anthony Hsieh
	 Its:
	 	Manager
	
	 TRILOGY MANAGEMENT INVESTORS SEVEN, LLC

		
	By:	 	 /s/ Anthony Hsieh

	 Name:
	 	Anthony Hsieh
	 Its:
	 	Manager
	
	 TRILOGY MANAGEMENT INVESTORS EIGHT, LLC

		
	By:	 	 /s/ Anthony Hsieh

	 Name:
	 	Anthony Hsieh
	 Its:
	 	Manager

  
 [Signature Page to Stockholders
Agreement] 

 ANNEX A 

JOINDER AGREEMENT TO 

STOCKHOLDERS AGREEMENT 

This Joinder Agreement (this “Joinder Agreement”) is made by the undersigned (the “Joining Party”) in
accordance with that certain Stockholders Agreement, dated as of February 16, 2021, by and among loanDepot, Inc., a Delaware corporation (the “Company”) and the stockholders party thereto (as may be amended, the
“Stockholders Agreement”), in favor of and for the benefit of the Company and such stockholders. Capitalized terms used but not defined herein shall have the meanings given to such terms in the Stockholders Agreement. 

The Joining Party hereby acknowledges, agrees and confirms that, by his, her or its execution of this Joinder Agreement, the Joining Party
will be deemed to be a party to the Stockholders Agreement and shall have all of the obligations under the Stockholders Agreement as a Parthenon Stockholder or Hsieh Stockholder, as applicable, as if he, she or it had been an original signatory to
the Stockholders Agreement. The Joining Party hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the Stockholders Agreement. 

IN WITNESS WHEREOF, the undersigned has executed this Joinder Agreement as of the date written below. 

 

									
	Date:	 	 	 	        	 	Name:EX-10.2

 Exhibit 10.2 

FORM OF TAX RECEIVABLE AGREEMENT 

by and among 
 loanDepot, Inc.,

 LD Holdings Group LLC, 
 and

 the Recipients that are parties hereto 

dated as of February 11, 2021 

 TAX RECEIVABLE AGREEMENT 

This TAX RECEIVABLE AGREEMENT (as amended from time to time, this “Agreement”), dated as of February 11, 2021, is hereby
entered into by and among loanDepot, Inc., a Delaware corporation (the “Corporation”), LD Holdings Group LLC, a Delaware limited liability company (“loanDepot”), and the initial Recipients identified below. Capitalized terms used
and not otherwise defined herein have the meanings set forth in Article I. 
 RECITALS 

WHEREAS, existing members of loanDepot (collectively, the “Members”) held or continue to hold membership interests (the
“Units”) in loanDepot, which is classified as a partnership for United States federal income tax purposes; 
 WHEREAS, the income,
gain, loss, expense, and other Tax items of the Corporation will be affected by: (i) the Exchange Basis Adjustments, and (ii) any interest imputed under Section 1272, 1274, 483 or other provision of the Code and any similar provision
of state and local tax law with respect to the Corporation’s payment obligations under this Agreement (the “Imputed Interest”); and 

WHEREAS, the parties to this Agreement desire to make certain arrangements with respect to the actual or deemed effect of the Exchange Basis
Adjustments and Imputed Interest. 
 NOW, THEREFORE, in consideration of the foregoing and the respective covenants and agreements set forth
herein, and intending to be legally bound hereby, the parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.1 Definitions. As used in this Agreement, the terms set forth in this Article I
shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined).  

“Affiliate” means, with respect to any Person, any other Person that directly or indirectly, through one or more
intermediaries, Controls, is Controlled by, or is under common Control with, such first Person. 
 “Agreed Rate” means for
each month (or portion thereof) during any period, an interest rate per annum equal to the rate per annum reported, on the date two days prior to the first day of such month, on the Telerate Page 3750 (or if such screen shall cease to be publicly
available, as reported on Reuters Screen page “LIBO” or by any other publicly available source of such market rate) for London interbank offered rates for U.S. dollar deposits for such month (or portion thereof), or, in the absence of such
rate, the Secured Overnight Financing Rate (“SOFR”), plus 100 basis points. 
 “Amended Schedule” is defined in
Section 2.3(b) of this Agreement. 
 “Beneficial Owner” means, with respect to a security, any Person who directly or
indirectly, through any contract, arrangement, understanding, relationship or otherwise, has or shares: (i) voting power, which includes the power to vote, or to direct the voting of, such security and/or (ii) investment power, which
includes the power to dispose of, or to direct the disposition of, such security. The terms “Beneficially Own” and “Beneficial Ownership” shall have correlative meanings. 

 “Board” means the Board of Directors of the Corporation. 

“Business Day” means Monday through Friday of each week, except that a legal holiday recognized as such by the government of
the United States of America or the State of Delaware shall not be regarded as a Business Day. 
 “Change of Control” means
the occurrence of any of the following events: 
 (i) any Person or any group of Persons acting together which would
constitute a “group” for purposes of Section 13(d) of the Securities and Exchange Act of 1934, or any successor provisions thereto, excluding (i) a group of Persons which includes a Recipient and/or one or more Affiliates thereof
and (ii) any entity owned, directly or indirectly, by the stockholders of the Corporation in substantially the same proportions as their ownership of stock in the Corporation, is or becomes the Beneficial Owner, directly or indirectly, of
securities of the Corporation representing more than 50% of the combined voting power of the Corporation’s then outstanding voting securities; 

(ii) there is consummated a merger or consolidation of the Corporation with any other corporation or other entity, and,
immediately after the consummation of such merger or consolidation, the voting securities of the Corporation immediately prior to such merger or consolidation do not continue to represent or are not converted into more than 50% of the combined
voting power of the then outstanding voting securities of the Person resulting from such merger or consolidation or, if the surviving company is a Subsidiary, the ultimate parent thereof; or 

(iii) the adopting of a plan of complete liquidation or dissolution of the Corporation by the stockholders of the Corporation
or an agreement or series of related agreements for the sale or other disposition, directly or indirectly, by the Corporation of all or substantially all of the Corporation’s assets, other than such sale or other disposition by the Corporation
of all or substantially all of the Corporation’s assets to an entity, at least 50% of the combined voting power of the voting securities of which are owned by shareholders of the Corporation in substantially the same proportions as their
ownership of the Corporation immediately prior to such sale. 
 Notwithstanding the foregoing, except with respect to clause (ii) and clause
(iii) above, a “Change of Control” shall not be deemed to have occurred by virtue of the consummation of any transaction or series of integrated transactions immediately following which the record holders of the shares of the
Corporation immediately prior to such transaction or series of transactions continue to have substantially the same proportionate ownership in, and own substantially all of the shares of, an entity which owns, either directly or through a
Subsidiary, all or substantially all of the assets of the Corporation immediately following such transaction or series of transactions. In addition, for the avoidance of doubt, a rollover or exchange of securities of the Corporation held by a Person
is not taken into account for purposes of determining whether a “Change of Control” has occurred. 

“Class A Shares” means Class A common stock in the Corporation. 

“Code” is the Internal Revenue Code of 1986, as amended. 

“Combined SALT Rate” means five percent (5%). 

“Control” means the possession, direct or indirect, of the power to direct or cause the direction of the management and
policies of a Person, whether through ownership of voting securities, by contract or otherwise. 

  
 -3- 

 “Corporation” is defined in the Preamble of this Agreement. 

“Corporation Return” means the federal and/or state and/or local Tax Return, as applicable, of the Corporation filed with
respect to Taxes of any Taxable Year. 
 “Cumulative Net Realized Tax Benefit” for a Taxable Year means the cumulative
amount (but not less than zero) of Realized Tax Benefits for all Taxable Years of the Corporation, up to and including such Taxable Year, net of the cumulative amount of Realized Tax Detriments for the same period. The Realized Tax Benefit and
Realized Tax Detriment for each Taxable Year shall be determined based on the most recent Tax Benefit Schedule or Amended Schedule, if any, in existence at the time of such determination. 

“Default Rate” means the Agreed Rate plus 400 basis points. 

“Determination” shall have the meaning ascribed to such term in Section 1313(a) of the Code or similar provision of
state or local tax law, as applicable, or any other event (including the execution of IRS Form 870-AD) that finally and conclusively establishes the amount of any liability for Tax. 

“Early Termination Date” means the date of an Early Termination Notice for purposes of determining the Early Termination
Payment. 
 “Early Termination Rate” means the Agreed Rate, compounded annually. 

“Exchange” means an exchange of a Unit and a non-economic voting share of the
Corporation in exchange for cash or a Class A Share pursuant to the terms of the loanDepot LLC Agreement. 
 “Exchange
Asset” means an asset that is held by loanDepot or by any of its direct or indirect Subsidiaries treated as a partnership or disregarded entity for purposes of the applicable Tax at the time of an Exchange. An Exchange Asset also includes
any asset that is “substituted basis property” under Section 7701(a)(42) of the Code with respect to an Exchange Asset. 

“Exchange Basis Adjustment” means the adjustment to the tax basis of an Exchange Asset under Sections 732 and 1012 of the
Code (in situations where, as a result of one or more Exchanges, loanDepot or an applicable Subsidiary becomes an entity that is disregarded as separate from its owner for tax purposes) or under Sections 734(b), 743(b) and 754 of the Code (in
situations where, following an Exchange, loanDepot remains in existence as an entity for U.S. federal income tax purposes) and, in each case, comparable sections of state and local tax laws, as a result of an Exchange with respect to Units held by
the Members, and as a result of the payments made to the Recipient pursuant to this Agreement. The amount of any Exchange Basis Adjustment resulting from an Exchange of one or more Units shall be determined without regard to any Pre-Exchange Transfer of such Units and as if any such Pre-Exchange Transfer had not occurred. 

“Exchange Date” means the date of any Exchange. 

“Hypothetical Tax Liability” means, with respect to any Taxable Year, the liability for Taxes of the Corporation
and, without duplication, loanDepot, but only with respect to Taxes imposed on taxable income of loanDepot allocable to the Corporation or to the other members of the consolidated, combined, or unitary group of which the Corporation is a
member, in each case using the same methods, elections, conventions and similar practices used on the relevant Corporation Return, but (i) using the Non-Stepped Up Tax Basis as reflected on the Exchange
Basis Adjustment Schedule for Exchange Basis Adjustments, including amendments, (ii) excluding any deduction attributable to Imputed Interest for the Taxable Year, and (iii) applying the Combined SALT Rate for determining state and local
income Taxes. For the avoidance of doubt, Hypothetical Tax Liability shall be determined without taking into account the carryover or carryback of any Tax item (or portions thereof) that is attributable to the Exchange Basis Adjustments or Imputed
Interest. 

  
 -4- 

 “Independent Director” means any member of the Board who is not affiliated
with any of the principal stockholders of the Corporation and who is neither a current officer nor a former officer of the Corporation or any of its Subsidiaries. 

“IPO” means the initial public offering of Class A Shares. 

“IPO Date” means the closing date of the IPO. 

“IRS” means the United States Internal Revenue Service. 

“loanDepot LLC Agreement” means that certain Fourth Amended and Restated Limited Liability Company Agreement of loanDepot,
dated as of February 11, 2021. 
 “Majority Recipients” shall mean Recipients holding aggregate Recipient Percentages
of at least 50.01%. 
 “Market Value” shall mean the closing price of the Class A Shares on the applicable Exchange
Date on the national securities exchange or interdealer quotation system on which such Class A Shares are then traded or listed, as reported by the Wall Street Journal; provided, that if the closing price is not reported by the
Wall Street Journal for the applicable Exchange Date, then the Market Value shall mean the closing price of the Class A Shares on the Business Day immediately preceding such Exchange Date on the national securities exchange or interdealer
quotation system on which such Class A Shares are then traded or listed, as reported by the Wall Street Journal; provided, further, that if the Class A Shares are not then listed on a national securities exchange or
interdealer quotation system, “Market Value” shall mean the cash consideration paid for Class A Shares, or the fair market value of the other property delivered for Class A Shares, as determined by the Board in good faith. 

“Non-Stepped Up Tax Basis” means, with respect to any Exchange Asset in the case of
Exchange Basis Adjustments, the Tax basis that such asset would have had at such time if no Exchange Basis Adjustments had been made. 

“Parthenon Shareholders” mean Parthenon Investors III, L.P., Parthenon Capital Partners Fund, L.P., Pcap Associates,
Parthenon Investors IV, L.P. and Parthenon Capital Partners Fund II, L.P., and their respective permitted successors or assigns to this Agreement. 

“Payment Date” means any date on which a payment is required to be made pursuant to this Agreement. 

“Person” means any individual, corporation, firm, partnership, joint venture, limited liability company, estate, trust,
business association, organization, governmental entity or other entity. 
 “Pre-Exchange
Transfer” means any transfer or distribution in respect of one or more Units (i) that occurs prior to an Exchange of such Units, and (ii) to which Section 743(b) or 734(b) of the Code applies. 

  
 -5- 

 “Realized Tax Benefit” means, for a Taxable Year, the excess, if any, of
the Hypothetical Tax Liability over the actual liability for federal income Taxes, and the liability for state and local income Taxes by applying the Combined State Tax Rate, of (i) the Corporation and (ii) without duplication, loanDepot,
but only with respect to Taxes imposed on taxable income of loanDepot allocable to the Corporation or to the other members of the consolidated, combined or unitary group of which the Corporation is a member for such Taxable Year. If all or a portion
of the actual liability for such Taxes for the Taxable Year arises as a result of an audit by a Taxing Authority of any Taxable Year, such liability shall not be included in determining the Realized Tax Benefit unless and until there has been a
Determination. 
 “Realized Tax Detriment” means, for a Taxable Year, the excess, if any, of the actual liability for
federal income Taxes, and the liability for state and local income Taxes by applying the Combined State Tax Rate, of (i) the Corporation and (ii) without duplication, loanDepot, but only with respect to Taxes imposed on taxable income of
loanDepot allocable to the Corporation or to the other members of the consolidated, combined or unitary group of which the Corporation is a member for such Taxable Year, over the Hypothetical Tax Liability for such Taxable Year. If all or a portion
of the actual liability for such Taxes for the Taxable Year arises as a result of an audit by a Taxing Authority of any Taxable Year, such liability shall not be included in determining the Realized Tax Detriment unless and until there has been a
Determination. 
 “Recipient” shall mean each of the Parthenon Shareholders, PCP Managers, L.P., Anthony Hsieh (or the
trust listed on Schedule A), and their respective permitted successors or assigns to this Agreement. 
 “Recipient
Percentage” of a Recipient shall mean, as of any time of determination, the percentage interest of such Recipient as of such time in the right to receive payments to be made to Recipients under this Agreement, as set forth on Schedule A.

 “Schedule” means any of the following: (i) the Exchange Basis Adjustment Schedule, (ii) a Tax Benefit
Schedule, or (iii) the Early Termination Schedule. 
 “Subsidiaries” means, with respect to any Person, as of any date
of determination, any other Person as to which such Person, owns, directly or indirectly, or otherwise controls more than 50% of the voting power or other similar interests or the sole general partner interest or managing member or similar interest
of such Person. 
 “Subsidiary Stock” means any stock or other equity interest in any subsidiary entity of loanDepot that
is treated as a corporation for United States federal income tax purposes. 
 “Tax Return” means any return, declaration,
report or similar statement filed or required to be filed with respect to Taxes (including any attached schedules), including, without limitation, any information return, claim for refund, amended return and declaration of estimated Tax. 

“Taxable Year” means a taxable year of the Corporation as defined in Section 441(b) of the Code or comparable section of
state or local tax law, as applicable (and, therefore, for the avoidance of doubt, may include a period of less than 12 months for which a Tax Return is made), ending on or after the IPO Date. 

“Taxes” means any and all United States federal, state and local taxes, assessments or similar charges that are based on or
measured with respect to net income or profits, and any interest related to such Taxes. 

  
 -6- 

 “Taxing Authority” shall mean any United States federal, state, county or
municipal or other local government, any subdivision, agency, commission or authority thereof, or any quasi-governmental body exercising any taxing authority or any other authority exercising Tax regulatory authority. 

“Treasury Regulations” means the final, temporary and proposed regulations under the Code promulgated from time to time
(including corresponding provisions and succeeding provisions) as in effect for the relevant taxable period. 
 “Valuation
Assumptions” shall mean, as of an Early Termination Date or following a Change of Control, as applicable, the assumptions that (1) in each Taxable Year ending on or after such Early Termination Date, the Corporation will have taxable
income sufficient to fully utilize the deductions arising from the Exchange Basis Adjustments and the Imputed Interest during such Taxable Year or future Taxable Years (including, for the avoidance of doubt, Exchange Basis Adjustments and Imputed
Interest that would result from future Tax Benefit Payments that would be paid in accordance with the Valuation Assumptions) in which such deductions would become available, (2) the United States federal income tax rates and state and local
income tax rates that will be in effect for each such Taxable Year will be those specified for each such Taxable Year by the Code and other law as in effect on the Early Termination Date, (3) any loss carryovers generated by any Exchange Basis
Adjustment or Imputed Interest and available as of the Early Termination Date will be utilized by the Corporation, subject to any restrictions imposed by law (including but not limited to Section 382 of the Code) in the earliest possible year
permitted by law, including the Taxable Year that includes the Early Termination Date, (4) any non-amortizable assets (other than any Subsidiary Stock) will be disposed of on the fifteenth (15th)
anniversary of the Early Termination Date, and (5) if, at the Early Termination Date, there are Units that have not been Exchanged, then each such Unit and (if applicable) accompanying Noneconomic Share shall be deemed to be Exchanged for the
Market Value of the Class A Shares and the amount of cash that would be transferred if the Exchange occurred on the Early Termination Date. 

ARTICLE II 

DETERMINATION OF CERTAIN REALIZED TAX BENEFITS 

Section 2.1 Exchange Basis Adjustments and Schedule. Within 90 calendar days after the filing
of the United States federal income tax return of the Corporation for each Taxable Year in which any Exchange has been effected, the Corporation shall deliver or cause to be delivered to the Recipients a schedule that shows, in reasonable detail
necessary to perform the calculations required by this Agreement, for purposes of Taxes, (i) the Non-Stepped Up Tax Basis of the Exchange Assets as of each applicable Exchange Date, (ii) the Exchange
Basis Adjustment with respect to the Exchange Assets as a result of the Exchanges effected in such Taxable Year, calculated in the aggregate, and (iii) the period (or periods) over which the Exchange Assets are amortizable and/or depreciable
(the “Exchange Basis Adjustment Schedule”). 
 Section 2.2 Tax Benefit Schedule. 

(a) Tax Benefit Schedule. Within 90 calendar days after the filing of the United States federal income tax return of the Corporation for
any Taxable Year in which there is a Realized Tax Benefit or Realized Tax Detriment, and at the request of any Recipient with respect to each separate Exchange, the Corporation shall provide to the Recipients a schedule showing, in reasonable
detail, the calculation of the Realized Tax Benefit or Realized Tax Detriment for such Taxable Year (a “Tax Benefit Schedule”). The Tax Benefit Schedule will become final as provided in Section 2.3(a) and may be amended as provided in
Section 2.3(b) (subject to the procedures set forth in Section 2.3(b)). 

  
 -7- 

 (b) Applicable Principles. The Realized Tax Benefit or Realized Tax Detriment for
each Taxable Year is intended to measure the decrease or increase in the actual liability for Taxes of the Corporation for such Taxable Year attributable to the Exchange Basis Adjustments and Imputed Interest, determined using a “with and
without” methodology. For the avoidance of doubt, the actual liability for Taxes will take into account the deduction of the portion of the Tax Benefit Payment that must be accounted for as interest under the Code based upon the
characterization of Tax Benefit Payments as additional consideration payable by the Corporation. Carryovers or carrybacks of any Tax item attributable to the Exchange Basis Adjustments and Imputed Interest shall be considered to be subject to the
rules of the Code and the Treasury Regulations or the appropriate provisions of U.S. state and local income tax law, as applicable, governing the use, limitation and expiration of carryovers or carrybacks of the relevant type. The parties agree that
(i) all Tax Benefit Payments attributable to the Exchange Basis Adjustments, other than (x) amounts accounted for as Imputed Interest or (y) Tax Benefit Payments payable to the Parthenon Shareholders, will (A) be treated as
subsequent upward purchase price adjustments that give rise to further Exchange Basis Adjustments to Exchange Assets for the Corporation and (B) have the effect of creating additional Exchange Basis Adjustments to Exchange Assets for the
Corporation in the year of payment, and (ii) as a result, such additional Exchange Basis Adjustments will be incorporated into the current year calculation and into future year calculations, as appropriate. 

Section 2.3 Procedures, Amendments. 

(a) Procedure. Every time the Corporation delivers to a Recipient an applicable Schedule under this Agreement, including any Amended
Schedule delivered pursuant to Section 2.3(b), but excluding any Early Termination Schedule or amended Early Termination Schedule, the Corporation shall also (x) deliver to the Recipient schedules and work papers, as determined by the
Corporation or requested by the Recipient, providing reasonable detail regarding the preparation of the Schedule and (y) allow the Recipient reasonable access at no cost to the appropriate representatives at the Corporation, as determined by
the Corporation or requested by the Majority Recipients, in connection with a review of such Schedule. Without limiting the application of the preceding sentence, each time the Corporation delivers to a Recipient a Tax Benefit Schedule, in addition
to the Tax Benefit Schedule duly completed, the Corporation shall deliver to the Recipient the reasonably detailed calculation by the Corporation of the Hypothetical Tax Liability and the actual Tax liability. An applicable Schedule or amendment
thereto shall become final and binding on all parties 30 calendar days from the first date on which the Recipients have received the applicable Schedule or amendment thereto unless the Majority Recipients (i) within 30 calendar days after
receiving an applicable Schedule or amendment thereto, provides the Corporation with notice of a material objection to such Schedule (“Objection Notice”) made in good faith or (ii) provides a written waiver of such right of any
Objection Notice within the period described in clause (i) above, in which case such Schedule or amendment thereto becomes binding on the date the waiver is received by the Corporation. If the parties, for any reason, are unable to successfully
resolve the issues raised in any Objection Notice within 30 calendar days after receipt by the Corporation of an Objection Notice, the Corporation and the Majority Recipients shall employ the reconciliation procedures as described in
Section 7.9 of this Agreement (the “Reconciliation Procedures”). 
 (b) Amended Schedule. The applicable Schedule for
any Taxable Year may be amended from time to time by the Corporation (i) in connection with a Determination affecting such Schedule, (ii) to correct inaccuracies in the Schedule identified as a result of the receipt of additional factual
information relating to a Taxable Year after the date the Schedule was provided to the Recipients, (iii) to comply with the Expert’s determination under the Reconciliation Procedures, (iv) to reflect a change in the Realized Tax
Benefit or Realized Tax Detriment for such Taxable Year attributable to a carryback or carryforward of a loss or other tax item to such Taxable Year, (v) to reflect a change in the Realized Tax Benefit or Realized Tax Detriment for such Taxable
Year attributable to an amended Tax Return filed for such Taxable Year, or (vi) to adjust the Exchange Basis Schedule to take into account payments made pursuant to this 

  
 -8- 

 
Agreement (any such Schedule, an “Amended Schedule”). For the avoidance of doubt, in the event a Schedule is amended after such Schedule becomes final pursuant to
Section 2.3(b), the Amended Schedule shall not be taken into account in calculating any Tax Benefit Payment in the Taxable Year to which the amendment relates but instead shall be taken into account in calculating the
Cumulative Net Realized Tax Benefit for the Taxable Year in which the amendment actually occurs. 
 ARTICLE III 

TAX BENEFIT PAYMENTS 

Section 3.1 Payments. 

(a) Payments. Within five (5) Business Days after a Tax Benefit Schedule delivered to the Recipients becomes final and binding in
accordance with Section 2.3(a), the Corporation shall pay the Tax Benefit Payment to the Recipients in the percentages set forth on Schedule A, which such schedule may be updated by the Corporation after the day hereof. Each such Tax Benefit
Payment shall be made by wire transfer of immediately available funds to the bank account previously designated by the Recipients to the Corporation or as otherwise agreed by the Corporation and the Recipients. For the avoidance of doubt, no Tax
Benefit Payment shall be made in respect of estimated tax payments, including, without limitation, federal estimated income tax payments. 

(b) Tax Benefit Payment. A “Tax Benefit Payment” means an amount, not less than zero, equal to the sum of the Net Tax Benefit
and the Interest Amount. For the avoidance of doubt, for Tax purposes, the Interest Amount shall not be treated as interest but instead shall be treated as additional consideration for the acquisition of Units, except in the case of Tax Benefit
Payments payable to the Parthenon Shareholders, in which case such consideration shall be treated as additional “boot” in the reorganization preceding the IPO. Subject to Section 3.3(a), the “Net Tax Benefit” for a Taxable
Year shall be an amount equal to the excess, if any, of (i) 85% of the Cumulative Net Realized Tax Benefit as of the end of such Taxable Year over (ii) the total amount of payments previously made under this Section 3.1 (excluding payments
attributable to Interest Amounts); provided, for the avoidance of doubt, that the Recipients shall not be required to return any portion of any previously made Tax Benefit Payment. The “Interest Amount” shall equal the interest on
the Net Tax Benefit calculated at the Agreed Rate from the due date (without extensions) for filing the Corporate Return with respect to Taxes for such Taxable Year until the Payment Date. 

Section 3.2 No Duplicative Payments. It is intended that the provisions of this Agreement will
not result in duplicative payment of any amount (including interest) required under this Agreement. The provisions of this Agreement shall be construed in the appropriate manner to ensure such intentions are realized. 

Section 3.3 Pro Rata Payments. 

(a) If for any reason the Corporation does not fully satisfy its payment obligations to make all Tax Benefit Payments due under this Agreement
in respect of a particular Taxable Year, then (i) the Corporation will pay the same proportion of each Tax Benefit Payment due to each Recipient to whom a payment is due under this Agreement in respect of such Taxable Year, without favoring one
obligation over the other, and (ii) no Tax Benefit Payment shall be made in respect of any Taxable Year until all Tax Benefit Payments in respect of prior Taxable Years have been made in full. 

  
 -9- 

 (b) To the extent the Corporation makes a payment to a Recipient in respect of a particular
Taxable Year under Section 3.1(a) of this Agreement (taking into account Section 3.3(a), but excluding payments attributable to Imputed Interest) in an amount in excess of the amount of such payment that should have been made to such
Recipient in respect of such Taxable Year, then such Recipient shall not receive further payments under Section 3.1(a) until such Recipient has foregone an amount of payments equal to such excess. 

ARTICLE IV 

TERMINATION 

Section 4.1 Early Termination by Election and Breach of Agreement. 

(a) With the written approval of a majority of the Independent Directors, the Corporation may terminate this Agreement with respect to all
amounts payable to the Recipients at any time by paying to the Recipients the Early Termination Payment; provided, however, that this Agreement shall only terminate pursuant to this Section 4.1(a) upon the receipt of the Early
Termination Payment by the Recipients; and provided, further, that the Corporation may withdraw any notice to execute its termination rights under this Section 4.1(a) prior to the time at which any Early Termination Payment has
been paid. Upon payment of the Early Termination Payment by the Corporation, neither the Recipients nor the Corporation shall have any further payment obligations under this Agreement, other than for any (a) Tax Benefit Payment agreed to by the
Corporation and the Recipients as due and payable but unpaid as of the Early Termination Notice and (b) Tax Benefit Payment due for the Taxable Year ending with or including the date of the Early Termination Notice (except to the extent that
the amount described in clause (b) is included in the Early Termination Payment). If an Exchange occurs after the Corporation exercises its termination rights under this Section 4.1(a) and such exercise is not subsequently withdrawn, the
Corporation shall have no obligations under this Agreement with respect to such Exchange, and its only obligations under this Agreement in such case shall be its obligations to the Recipients under Section 4.3. 

(b) In the event that the Corporation breaches any of its material obligations under this Agreement, whether as a result of failure to make any
payment when due, failure to honor any other material obligation required hereunder, or by operation of law as a result of the rejection of this Agreement in a case commenced under the Bankruptcy Code or otherwise, then, following notice in writing
by the Majority Recipients and a thirty (30) day period for Corporation to cure the breach, if not cured all obligations hereunder shall be accelerated and such obligations shall be calculated as if an Early Termination Notice had been
delivered on the date of such breach and shall include, but not be limited to, (1) the Early Termination Payment calculated as if an Early Termination Notice had been delivered on the date of a breach, (2) any Tax Benefit Payment agreed to
by the Corporation and the Majority Recipients as due and payable but unpaid as of the date of a breach, and (3) any Tax Benefit Payment due for the Taxable Year ending with or including the date of a breach (except to the extent that the
amount described in clause (3) is included in the Early Termination Payment). Notwithstanding the foregoing, in addition to any other rights or remedies available at law, in the event that the Corporation breaches any of its material
obligations under this Agreement, the Recipients shall be entitled to elect to receive the amounts set forth in clauses (1), (2) and (3) above or to seek specific performance of the terms hereof. The parties agree that the failure to make any
payment due pursuant to this Agreement within nine (9) months after the date such payment is due shall be deemed to be a breach of a material obligation under this Agreement for all purposes of this Agreement, and that it will not be considered
to be a breach of a material obligation under this Agreement to make a payment due pursuant to this Agreement within nine (9) months after the date such payment is due so long as the Corporation has used good faith efforts to diligently make
such payment prior to such time. Notwithstanding anything in this Agreement to the contrary, it shall not be a breach of this Agreement (and Section 5.2 shall apply, but the Default Rate shall be replaced by the Agreed Rate) if the Corporation
fails to make any Tax Benefit Payment when due to the extent that the Corporation has insufficient funds to make such payment as a result of applicable limitations imposed by existing credit agreements in respect

  
 -10- 

 
of indebtedness for borrowed money to which loanDepot (or any of its Subsidiaries) is a party (including, without limitation, limitations on the ability of loanDepot and its direct or indirect
Subsidiaries to make distributions or payments to the Corporation) or the Board determines reasonably and in good faith that making any such distribution or payment would result in a default under any such existing credit agreement in respect of
indebtedness for borrowed money to which loanDepot (or any of its Subsidiaries) is a party. The Corporation shall use commercially reasonable efforts to maintain sufficient available funds for the purpose of making required payments under this
Agreement. 
 (c) In the event of a Change of Control, then, unless otherwise waived in writing by the Majority Recipients, all obligations
hereunder shall be accelerated and such obligations shall be calculated as if an Early Termination Notice had been delivered on the date of such Change of Control and shall include, but not be limited to, (1) the Early Termination Payment
calculated as if an Early Termination Notice had been delivered on the date of a Change of Control, (2) any Tax Benefit Payment agreed to by the Corporation and the Majority Recipients as due and payable but unpaid as of the date of a Change of
Control, and (3) any Tax Benefit Payment due for the Taxable Year ending with or including the date of a Change of Control (except to the extent that the amount described in clause (3) is included in the Early Termination Payment). In the
event of a Change of Control, the Early Termination Payment shall be calculated utilizing the Valuation Assumptions, substituting “the date of the Change of Control” for “Early Termination Date,” where applicable. 

Section 4.2 Early Termination Notice. If the Corporation chooses to exercise its right of early
termination under Section 4.1 above, the Corporation shall deliver to the Recipients notice of such intention to exercise such right (“Early Termination Notice”) and a schedule (the “Early Termination Schedule”) specifying
the Corporation’s intention to exercise such right and showing in reasonable detail the calculation of the Early Termination Payment for the Recipients. The Early Termination Schedule shall become final and binding on all parties 30 calendar
days from the first date on which the Recipients have received such Schedule or amendment thereto unless the Majority Recipients (i) within 30 calendar days after receiving the Early Termination Schedule, provide the Corporation with notice of
a material objection to such Schedule made in good faith (“Material Objection Notice”) or (ii) provides a written waiver of such right of a Material Objection Notice within the period described in clause (i) above, in which case
such Schedule becomes binding on the date the waiver is received by the Corporation (the “Early Termination Effective Date”). If the parties, for any reason, are unable to successfully resolve the issues raised in such notice within 30
calendar days after receipt by the Corporation of the Material Objection Notice, the Corporation and the Majority Recipients shall employ the Reconciliation Procedures. 

Section 4.3 Payment upon Early Termination. 

(a) Within three calendar days after the Early Termination Effective Date, the Corporation shall pay the Early Termination Payment to the
Recipients in the percentages set forth on Schedule A. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by the Recipients or as otherwise agreed by the Corporation and the
Recipients. 
 (b) The “Early Termination Payment” shall equal the present value, discounted at the Early Termination Rate as of
the Early Termination Effective Date, of all Tax Benefit Payments that would be required to be paid by the Corporation to the Recipients beginning from the Early Termination Date and assuming that the Valuation Assumptions are applied. 

  
 -11- 

 ARTICLE V 

SUBORDINATION AND LATE PAYMENTS 

Section 5.1 Subordination. Notwithstanding any other provision of this Agreement to the
contrary, any Tax Benefit Payment or Early Termination Payment required to be made by the Corporation to the Recipients under this Agreement shall rank subordinate and junior in right of payment to any principal, interest or other amounts due and
payable in respect of any obligations in respect of indebtedness for borrowed money of the Corporation and its Subsidiaries (“Senior Obligations”) and shall rank pari passu with all current or future unsecured trade creditors of the
Corporation that are not Senior Obligations. 
 Section 5.2 Late Payments by the Corporation.
The amount of all or any portion of any Tax Benefit Payment or Early Termination Payment not made to the Recipients when due under the terms of this Agreement shall be payable together with any interest thereon, computed at the Default Rate and
commencing from the date on which such Tax Benefit Payment or Early Termination Payment was due and payable. 
 ARTICLE VI 

NO DISPUTES; CONSISTENCY; COOPERATION 

Section 6.1 Participation in the Other Parties’ Tax Matters. Except as otherwise provided
herein, the Corporation shall have full responsibility for, and sole discretion over, all Tax matters concerning the Corporation and loanDepot, including without limitation the preparation, filing, or amending of any Tax Return and defending,
contesting or settling any issue pertaining to Taxes. Notwithstanding the foregoing, the Corporation shall notify the Recipients of, and keep the Recipients reasonably informed with respect to, the portion of any audit of the Corporation and
loanDepot by a Taxing Authority the outcome of which is reasonably expected to affect the rights and obligations of the Recipients under this Agreement, and shall provide the Recipients reasonable opportunity to provide information and other input
to the Corporation and loanDepot and their respective advisors concerning the conduct of any such portion of such audit. 

Section 6.2 Consistency. Subject to the other relevant terms of this Agreement and the
loanDepot LLC Agreement, the Corporation and the Recipients agree to report and cause to be reported for all purposes, including federal, state, local and foreign Tax purposes and financial reporting purposes, all
Tax-related items (including, without limitation, the Exchange Basis Adjustments, Imputed Interest, and each Tax Benefit Payment) in a manner consistent with that specified by the Corporation in any Schedule
required to be provided by or on behalf of the Corporation under this Agreement unless otherwise required by law. 

Section 6.3 Cooperation. The Recipients shall (a) furnish to the Corporation in a timely
manner such information, documents, and other materials as the Corporation may reasonably request for purposes of making any determination or computation necessary or appropriate under this Agreement, preparing any Tax Return or contesting or
defending any audit, examination, or controversy with any Taxing Authority, (b) make itself available to the Corporation to provide explanations of documents and materials and such other information as the Corporation may reasonably request in
connection with any of the matters described in clause (a) above, and (c) reasonably cooperate in connection with any such matter, and the Corporation shall reimburse the Recipients for any reasonable third-party costs and expenses
incurred pursuant to this Section 6.3. 

  
 -12- 

 ARTICLE VII 

MISCELLANEOUS 

Section 7.1 Notices. All notices, requests, claims, demands, and other communications hereunder
shall be in writing and shall be deemed duly given and received (a) on the date of delivery if delivered personally or (b) on the first Business Day following the date of dispatch if delivered by a recognized
next-day courier service. All notices hereunder shall be delivered as set forth below, or pursuant to such other instructions as may be designated in writing by the party to receive such notice: 

If to the Corporation, to: 

loanDepot, Inc. 
 26642 Towne
Centre Drive 
 Foothills Ranch, California 92610 

Attn: Peter A. L. Macdonald 

Facsimile: (949) 470-6237 

with a copy (which shall not constitute notice to the Corporation) to: 

Kirkland & Ellis LLP 

601 Lexington Avenue 
 New York,
New York 10022 
 Attn: Joshua N. Korff and Michael Kim 

Facsimile: (212) 446-4900 

If to loanDepot, to: 
 LD
Holdings, LLC 
 26642 Towne Centre Drive 

Foothills Ranch, California 92610 

Attn: Peter A. L. Macdonald 

Facsimile: (949) 470-6237 

with a copy (which shall not constitute notice to loanDepot) to: 

Kirkland & Ellis LLP 

601 Lexington Avenue 
 New York,
New York 10022 
 Attn: Joshua N. Korff and Michael Kim 

Facsimile: (212) 446-4900 

and 
 Sheppard Mullin
Richter & Hampton 
 333 South Hope Street, 42nd floor 

Los Angeles, California 90071 

Attn: David Sands 
 Facsimile:
(213) 443-2743 

  
 -13- 

 If to the Recipients, to: 

Parthenon Capital Partners 

Four Embarcadero Center, Suite 3160 

San Francisco, California 94111 

Attn: Brian P. Golson and Andrew C. Dodson 

Facsimile: (415) 913-3913 
 and

 Anthony Hsieh 
 5
Oceancrest 
 Newport Coast, California 92657 

Attn: Anthony Hsieh 
 with
copies (which shall not constitute notice to the Recipients) to: 
 Kirkland & Ellis LLP 

2409 Century Park East 
 Los
Angeles, California 90067 
 Attn: Tana Ryan, P.C. and Bryan Ikegami 

Facsimile: (213) 680-8500 
 and

 Gibson, Dunn & Crutcher LLP 

333 South Grand Avenue 
 Los
Angeles, California 90071 
 Attn: Kevin Masuda 

Facsimile: (213) 229-6872 

Any party may change its address by giving the other party written notice of its new address in the manner set forth above. 

Section 7.2 Counterparts. This Agreement may be executed in one or more counterparts, all of
which shall be considered one and the same agreement and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other parties, it being understood that all parties need not sign the same
counterpart. Delivery of an executed signature page to this Agreement by facsimile transmission or electronic transmission in portable document format (pdf) shall be as effective as delivery of a manually signed counterpart of this Agreement. 

Section 7.3 Entire Agreement; No Third Party Beneficiaries. This Agreement constitutes the
entire agreement and supersedes all prior agreements and understandings, both written and oral, among the parties with respect to the subject matter hereof. This Agreement shall be binding upon and inure solely to the benefit of each party hereto
and their respective successors and permitted assigns, and nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person any right, benefit or remedy of any nature whatsoever under or by reason of this
Agreement. 
 Section 7.4 Governing Law. This Agreement shall be governed by, and construed
in accordance with, the laws of the State of Delaware, without regard to the conflicts of laws principles thereof that would mandate the application of the laws of another jurisdiction. 

  
 -14- 

 Section 7.5 Severability. If any term or
other provision of this Agreement is invalid, illegal, or incapable of being enforced by any law or public policy, all other terms and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal
substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party. Upon such determination that any term or other provision is invalid, illegal, or incapable of being enforced, the parties hereto shall
negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby are consummated as originally contemplated to the
greatest extent possible. 
 Section 7.6 Successors; Assignment; Amendments; Waivers. 

(a) The Recipients may assign any of their rights under this Agreement to any Person as long as such transferee has executed and delivered, or,
in connection with such transfer, executes and delivers, a joinder to this Agreement, in form and substance reasonably satisfactory to the Corporation, agreeing to assume all rights and obligations of the Recipients under this Agreement. This
Agreement shall not be assignable by loanDepot or the Corporation without the prior written consent of the Majority Recipients. 
 (b) No
provision of this Agreement may be amended unless such amendment is approved in writing by the Corporation and the Majority Recipients. No provision of this Agreement may be waived unless such waiver is in writing and signed by the party against
whom the waiver is to be effective. 
 (c) All of the terms and provisions of this Agreement shall be binding upon, shall inure to the
benefit of, and shall be enforceable by the parties hereto and their respective successors, assigns, heirs, executors, administrators, and legal representatives. The Corporation, as applicable, shall require and cause any direct or indirect
successor (whether by purchase, merger, consolidation, or otherwise) to all or substantially all of the business or assets of the Corporation by written agreement, expressly to assume and agree to perform this Agreement in the same manner and to the
same extent that the Corporation would be required to perform if no such succession had taken place. 
 Section 7.7
Titles and Subtitles. The titles of the sections and subsections of this Agreement are for convenience of reference only and are not to be considered in construing this Agreement. 

Section 7.8 Resolution of Disputes. 

(a) Any and all disputes which cannot be settled amicably, including any ancillary claims of any party, arising out of, relating to or in
connection with the validity, negotiation, execution, interpretation, performance, or non-performance of this Agreement (including the validity, scope and enforceability of this arbitration provision) (each a
“Dispute”) shall be finally settled by arbitration conducted by a single arbitrator in Delaware in accordance with the then-existing Rules of Arbitration of the International Chamber of Commerce. If the parties to the Dispute fail to agree
on the selection of an arbitrator within ten (10) days of the receipt of the request for arbitration, the International Chamber of Commerce shall make the appointment. The arbitrator shall be a lawyer admitted to the practice of law in the
State of Delaware. Performance under this Agreement shall continue if reasonably possible during any arbitration proceedings. 
 (b)
Notwithstanding the provisions of paragraph (a), any party hereto may bring an action or special proceeding in any court of competent jurisdiction for the purpose of compelling a party to arbitrate, seeking temporary or preliminary relief in aid of
an arbitration hereunder, and/or enforcing an arbitration award. For the purposes of this paragraph (b), each party (i) expressly consents to the application of paragraph (c) of this Section 7.8 to any such action or proceeding, and
(ii) agrees that proof shall not be required that monetary damages for breach of the provisions of this Agreement would be difficult to calculate and that remedies at law would be inadequate. 

  
 -15- 

 (c) (i) EACH PARTY HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF COURTS LOCATED IN
DELAWARE FOR THE PURPOSE OF ANY JUDICIAL PROCEEDING BROUGHT IN ACCORDANCE WITH THE PROVISIONS OF THIS SECTION 7.8, OR ANY JUDICIAL PROCEEDING ANCILLARY TO AN ARBITRATION OR CONTEMPLATED ARBITRATION ARISING OUT OF OR RELATING TO OR CONCERNING THIS
AGREEMENT. Such ancillary judicial proceedings include any suit, action, or proceeding to compel arbitration, to obtain temporary or preliminary judicial relief in aid of arbitration, or to confirm an arbitration award. The parties acknowledge that
the forums designated by this paragraph (c) have a reasonable relation to this Agreement, and to the parties’ relationship with one another; and 

(ii) The parties hereby waive, to the fullest extent permitted by applicable law, any objection which they now or hereafter may have to
personal jurisdiction or to the laying of venue of any such ancillary suit, action or proceeding brought in any court referred to in the preceding paragraph of this Section 7.8 and such parties agree not to plead or claim the same. 

Section 7.9 Reconciliation. In the event that the Majority Recipients, on the one hand, and the
Corporation or loanDepot, on the other hand, are unable to resolve a disagreement with respect to the matters governed by Sections 2.3, 4.2 and 6.2 within the relevant period designated in this Agreement (“Reconciliation Dispute”), the
Reconciliation Dispute shall be submitted for determination to a nationally recognized expert (the “Expert”) in the particular area of disagreement mutually acceptable to the Majority Recipients and the Corporation. The Expert shall be a
partner or principal in a nationally recognized accounting or law firm, and unless the parties to the Reconciliation Dispute agree otherwise, the Expert shall not, and the firm that employs the Expert shall not, have any material relationship with
the parties to the Reconciliation Dispute or other actual or potential conflict of interest. If the parties are unable to agree on an Expert within fifteen (15) days of receipt by the respondent(s) of written notice of a Reconciliation Dispute,
the Expert shall be a partner in an accounting firm or a law firm nationally recognized as being expert in Tax matters and that is reasonably acceptable to the Corporation and the Majority Recipients. The Expert shall resolve any matter relating to
the Exchange Basis Adjustment Schedule or an amendment thereto, or the Early Termination Schedule or an amendment thereto within 30 calendar days and shall resolve any matter relating to a Tax Benefit Schedule or an amendment thereto within 15
calendar days or as soon thereafter as is reasonably practicable, in each case after the matter has been submitted to the Expert for resolution. The Expert shall resolve any such dispute based upon the terms and provisions of this Agreement and the
submissions of the parties made in support thereof in such dispute and shall not conduct an independent review, not shall the Expert assign any value to any item in dispute which is higher or lower than the highest value or lowest value, as
applicable, ascribed to such item by any disputing party. Notwithstanding the preceding sentence, if the matter is not resolved before any payment that is the subject of a disagreement would be due (in the absence of such disagreement) or any Tax
Return reflecting the subject of a disagreement is due, the undisputed amount shall be paid on the date prescribed by this Agreement and such Tax Return may be filed as prepared by the Corporation, subject to adjustment or amendment upon resolution.
The parties shall bear their own costs and expenses of such proceeding, provided that the Corporation shall bear the cost of the Expert. Any dispute as to whether a dispute is a Reconciliation Dispute within the meaning of this Section 7.9
shall be decided by the Expert, unless the Expert substantially adopts the Corporation’s or loanDepot’s position, in which case such Recipient shall reimburse the Corporation for the cost of the Expert. The Expert shall finally determine
any Reconciliation Dispute and the determinations of the Expert pursuant to this Section 7.9 shall be binding on the parties to this Agreement and may be entered and enforced in any court having jurisdiction. 

Section 7.10 Withholding. The Corporation shall be entitled to deduct and withhold from any
payment payable pursuant to this Agreement such amounts as the Corporation is required to deduct and withhold with respect to the making of such payment under the Code or any provision of state, local, or foreign tax law, provided that the
Corporation (i) gives 10 days advance written notice of its intention to 

  
 -16- 

 
make such withholding to the applicable Recipients, (ii) identifies the legal basis requiring such withholding and (iii) gives the applicable Recipients an opportunity to establish that
such withholding is not legally required. To the extent that amounts are so withheld and paid over to the appropriate Taxing Authority by the Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid
to the Recipients. 
 Section 7.11 Treatment of a Consolidated Group; Transfers of Corporate Assets. 

(a) To the extent that the Corporation is or becomes a member of a consolidated, combined or unitary group of corporations that files a
consolidated, combined or unitary income tax return pursuant to Sections 1501 et seq. of the Code or any provisions of state or local law, or would be eligible to become a member of such a group at the election of one or members of that group, then:
(i) the provisions of this Agreement shall be applied with respect to the group as a whole; and (ii) Tax Benefit Payments, Early Termination Payments, and other applicable items hereunder shall be computed with reference to the group as a
whole. 
 (b) If any entity that is obligated to make a Tax Benefit Payment or Early Termination Payment hereunder transfers one or more
assets to a corporation (or a Person classified as a corporation for U.S. income tax purposes) with which such entity does not file a consolidated tax return pursuant to Section 1501 of the Code, such entity, for purposes of calculating the
amount of any Tax Benefit Payment or Early Termination Payment (e.g., calculating the gross income of the entity and determining the Realized Tax Benefit or Realized Tax Detriment of such entity) due hereunder, shall be treated as having disposed of
such asset in a fully taxable transaction on the date of such contribution. The consideration deemed to be received by such entity shall be equal to the fair market value of the contributed asset. Thus, for example, in determining the Hypothetical
Tax Liability of the entity, the taxable income of the entity shall be determined by treating the entity as having sold the asset for its fair market value, recovering any basis applicable to such asset by using the
Non-Stepped Up Tax Basis, while the actual Tax liability of the entity would be determined by recovering the actual Tax basis of the asset that reflects any Exchange Basis Adjustments.. For purposes of this
Section 7.11, a transfer of a partnership interest shall be treated as a transfer of the transferring partner’s share of each of the assets and liabilities of that partnership. If any entity that is obligated to make a Tax Benefit Payment
or Early Termination Payment hereunder transfers one or more assets to a partnership (or a Person classified as a partnership for U.S. income tax purposes), the principles of this Section 7.11(b) and this Agreement shall govern the treatment of
such transfer and any subsequent allocations of income, gain, loss or deductions from such partnership to such entity. 

Section 7.12 Confidentiality. 

(a) The Recipients acknowledge and agrees that the information of the Corporation and its Affiliates and successors is confidential and, except
in the course of performing any duties as necessary for the Corporation and its Affiliates, as required by law or legal process or to enforce the terms of this Agreement, such person shall keep and retain in the strictest confidence and not disclose
to any Person any confidential matters, acquired pursuant to this Agreement, of the Corporation and its Affiliates and successors, concerning loanDepot and its Affiliates and successors, learned by the Recipients heretofore or hereafter. This
Section 7.12 shall not apply to (i) any information that has been made publicly available by the Corporation or any of its Affiliates or successors, becomes public knowledge (except as a result of an act of the Recipients in violation of
this Agreement), or is generally known to the business community and (ii) the disclosure of information to the extent necessary for the Recipients to prepare and file their Tax Returns, to respond to any inquiries regarding the same from any
Taxing Authority, or to prosecute or defend any action, proceeding or audit pursuant to this Agreement or by any Taxing Authority with respect to such Tax Returns. Notwithstanding anything to the contrary herein, the Recipients (and each employee,
equityholder, representative or other agent of the Recipients, as applicable) may disclose to any and all 

  
 -17- 

 
Persons, without limitation of any kind, the tax treatment and tax structure of the Corporation, loanDepot and their Affiliates, and any of their transactions, and all materials of any kind
(including opinions or other tax analyses) that are provided to the Recipients relating to such tax treatment and tax structure. 
 (b) If
the Recipients commit a breach, or threaten to commit a breach, of any of the provisions of this Section 7.12, the Corporation or any of its Affiliates shall have the right and remedy to have the provisions of this Section 7.12
specifically enforced by injunctive relief or otherwise by any court of competent jurisdiction without the need to post any bond or other security, it being acknowledged and agreed that any such breach or threatened breach shall cause irreparable
injury to the Corporation or any of its Affiliates and the accounts and funds managed by the Corporation or any of its Affiliates, and that money damages alone shall not provide an adequate remedy to such Persons. Such rights and remedies shall be
in addition to, and not in lieu of, any other rights and remedies available at law or in equity. 
 *    
*     *     *     * 

  
 -18- 

 IN WITNESS WHEREOF, the Corporation, loanDepot and the Recipients have duly executed this
Agreement as of the date first written above. 
  

			
	LOANDEPOT, INC.

 
			
		
	By:	 	 /s/ Anthony Hsieh

 

			
	Name: Anthony Hsieh
	Title:   Chief Executive Officer
	
	LD HOLDINGS, LLC

 
			
		
	By:	 	 /s/ Anthony Hsieh

 

			
	Name: Anthony Hsieh
	Title:   Chief Executive Officer
	
	 The JLSSAA Trust, established September 4, 2014

		
	 By:
	 	 /s/ Anthony Hsieh

	Name: Anthony Hsieh
	 Title: Trustee

  

			
	Parthenon Investors III, L.P.

 
			
		
	By:	 	 PCap Partners III, LLC,

		 	its General Partner

 
			
		
	By:	 	 PCap III, LLC,

		 	its Managing Member

 
			
		
	By:	 	 PCP Managers, LP,

		 	its Managing Member

 
			
		
	By:	 	 PCP Managers GP, LLC,

		 	its General Partner

 
			
		
	By:	 	 /s/ Joseph Taveira

	Name:	 	Joseph Taveira
	Title:	 	Chief Financial Officer

  

			
	PCap Associates

 
			
		
	By:	 	 PCap Partners III, LLC,

		 	its General Partner

 
			
		
	By:	 	 PCap III, LLC,

		 	its Managing Member

 
			
		
	By:	 	 PCP Managers, L.P.,

		 	its Managing Member

 
			
		
	By:	 	 PCP Managers GP, LLC,

		 	its General Partner

 
			
		
	By:	 	 /s/ Joseph Taveira

			
	Name:	 	Joseph Taveira
	Title:	 	Chief Financial Officer

  

			
	Parthenon Capital Partners Fund, L.P.

 
			
		
	By:	 	PCP Managers, L.P.,
		 	its Managing Member

 
			
		
	By:	 	PCP Managers GP, LLC,
		 	its General Partner

 
			
		
	By:	 	 /s/ Joseph Taveira

			
	Name:	 	Joseph Taveira
	Title:	 	Chief Financial Officer
		 	

  

			
	Parthenon Investors IV, L.P.

 
			
		
	By:	 	 PCP Partners IV, L.P.,

		 	its General Partner

 
			
		
	By:	 	 PCP Managers, L.P.,

		 	its General Partner

 
			
		
	By:	 	 PCP Managers GP, LLC

		 	its General Partner

 
			
		
	By:	 	 /s/ Joseph Taveira

			
	Name:	 	Joseph Taveira
	Title:	 	Chief Financial Officer

  

			
	Parthenon Capital Partners Fund II, L.P.

 
			
		
	By:	 	 PCP Managers, L.P.

		 	Its Managing Member

 
			
		
	By:	 	 PCP Managers GP, LLC

		 	Its General Partner

 
			
		
	By:	 	 /s/ Joseph Taveira

			
	Name:	 	 Joseph Taveira

	Title:	 	Chief Financial Officer

  

			
	PCP Managers, L.P.

 
			
		
	By:	 	 PCP Managers GP, LLC,

		 	its General Partner

 
			
		
	By:	 	 /s/ Joseph Taveira

			
	Name:	 	Joseph Taveira
	Title:	 	Chief Financial Officer

 SCHEDULE A 
  

					
	 Parthenon Capital Partners Fund, L.P.
	  	 	0.74	% 
	 Parthenon Capital Partners Fund II, L.P..
	  	 	0.06	% 
	 Parthenon Investors III, L.P.
	  	 	48.60	% 
	 Parthenon Investors IV, L.P.
	  	 	4.04	% 
	 PCap Associates
	  	 	0.04	% 
	 PCP Managers, L.P.
	  	 	1.52	% 
	 The JLSSAA Trust, established September 4, 2014
	  	 	45	%

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