EMPLOYMENT AGREEMENT This EMPLOYMENT AGREEMENT (this "Agreement"), dated as ofMay 1, 2017 by and among Broadway Financial Corporation, ("BFC"), Broadway Federal Bank, f.s.b. the "Bank" and, together with BFC, the "Company"), and Ruth McCloud(the Executive"). The term Company shall refer to BFC in respect of Executive's services to BFC and to the Bank in respect of the Executive's services to the Bank. WHEREAS, the Executive has served as a senior executive officer of the Company nd the Bank since June 30, 2014; and WHEREAS, the Company desires to continue to retain the Executive to serve as Senior Vice President, Chief Retail Banking Officer of the Company on the terms and onditions set forth in this Agreement, and the Executive desires to provide such services n such terms and conditions. NOW, THEREFORE, in consideration of the terms and mutual covenants herein nd for other good and valuable consideration, the parties hereto agree as follows: 1. Services, Duties and Responsibilities. (a) The Company hereby agrees to employ the Executive as its Senior Vice President, Chief Retail Banking Officer during the service period fixed by Section 4 ereof (the "Service Period"). The Executive shall report to the President and Chief xecutive Officer of BFC (the "Board") and shall have such duties and responsibilities as re consistent with the position of a senior vice president and chief retail banking officer f a bank and holding company of similar size and complexity as the Company (the Services"). The Executive's principal work location shall be at the Company's principal xecutive offices, provided, that the Executive may be required to travel as reasonably ecessary in order to perform the Executive's duties and responsibilities hereunder. (b) During the Service Period, excluding any periods of vacation and ick leave to which the Executive is entitled, the Executive shall devote substantially all of he Executive's working time, energy and attention to the performance of her duties and esponsibilities hereunder and shall faithfully and diligently endeavor to promote the usiness of the Company. During the Service Period, the Executive may not, without the rior written consent of the Board, directly or indirectly, operate, participate in the anagement, operations or control of, or act as an executive, officer, consultant, agent or epresentative of, any type of competitive business or service, provided that the Executive ay, to the extent not otherwise prohibited by this Agreement, devote such amount of time s does not interfere with the performance of the Executive's duties under this Agreement o engaging in community and charitable activities.