John David (J.D.) Moriarty will be leaving his role as President of Marketplace and Chief Operating Officer of LendingTree, LLC (together with LendingTree, Inc., the ?Company?), and his employment will be terminated without cause, as of July 31, 2023 (the ?Effective Date?). In connection with Mr. Moriarty?s departure, he will receive the payments and benefits under the Company?s Executive Severance Pay Plan (the ?Plan?), subject to the terms and conditions of the Plan, including, without limitation, his signing of an effective general release and waiver of claims (the ?Release?) and compliance with the terms of the Release and his restrictive covenant obligations owed to the Company. In addition to the Plan benefits, on or after the Effective Date, the Company intends to enter into a consulting agreement with Mr. Moriarty pursuant to which he shall receive up to $171,000 for providing post-employment transition consulting services.