Non-Employee Director Compensation Policy, effective October 20, 2022

Each non-employee member of the board of directors (the “Board”) of LendingClub Corporation (the “Company”) shall be eligible to receive cash and equity compensation as set forth in this Non-Employee Director Compensation Policy (this “Policy”). The cash and equity compensation described in this Policy shall be paid or be made to each member of the Board who is not an employee of the Company or any subsidiary or affiliate of the Company (each, a “Non-Employee Director”) who is eligible to receive such cash and/or equity compensation, unless such Non-Employee Director declines the receipt of such cash and/or equity compensation.

This Policy will be administered by the Board and supersedes any prior Non-Employee Director compensation policies. Any determination under this Policy by the Board shall be conclusive and binding on the Company and the relevant Non-Employee Director. The Policy will be governed by and construed in accordance with the laws of the State of California. The Board may amend, repeal or replace this Policy in whole or in part at any time and may make exceptions to this Policy in any extraordinary circumstance as determined by the Board. The Company’s Chief Administrative Officer or his/her designee shall determine whether and to what extent a Non-Employee Director is eligible to receive the cash and/or equity compensation set forth in this Policy.

For the avoidance of doubt, each committee chairperson shall not receive such committee’s member retainer in addition to the chairperson retainer, provided, that the Non-Executive Board Chairperson shall receive the cash retainer as a Non-Employee Director and the cash retainer as Non-Executive Board Chairperson.

The cash retainers shall be paid in arrears in semi-annual installments (i.e., a payment in June for January through June service and a payment in December for July through December service), or more frequently as deemed advisable by the Company for administrative or other reasons. A Non-Employee Director who has served as a Non-Employee Director, or as a member of a committee (or as chairperson thereof), during only a portion of a calendar year shall receive a prorated portion of the applicable cash retainer(s).

On the date of each annual meeting of stockholders of the Company, each Non-Employee Director who is elected to serve on the Board at such meeting or whose term is scheduled to continue

through the date of such meeting shall receive a restricted stock unit (“RSU”) award (the “Annual Award”). The number of shares of Company common stock (“Common Stock”) subject to the Annual Award shall be determined by dividing (i) $200,000 by (ii) the closing Common Stock price on the grant date, and then rounding up to the nearest whole share; provided, however, that if the grant date is a date that the NYSE is closed for trading, then the closing Common Stock price on the nearest date preceding the grant date and on which the NYSE was open for trading shall apply and be used.

Each Annual Award shall vest quarterly over a one-year period beginning on the grant date, subject to the Non-Employee Director’s continued service through each such vesting date.

Any Non-Employee Director who commences service on the Board shall receive on such start date a prorated RSU award (the “Onboarding Award”). The number of shares of Common Stock subject to the Onboarding Award shall be determined by dividing (i) the product of (A) $200,000 and (B) a fraction, the numerator of which is 365 minus the number of days that have elapsed between the date of the Company’s most recently completed annual meeting of stockholders and the service commencement date for such Non-Employee Director, and the denominator of which is 365, by (ii) the closing Common Stock price on the grant date, and then rounding up to the nearest whole share; provided, however, that if the grant date is a date that the NYSE is closed for trading, then the closing Common Stock price on the nearest date preceding the grant date and on which the NYSE was open for trading shall apply and be used.

The forgoing notwithstanding, in no event shall the number of shares subject to an Onboarding Award be less than $1,000 divided by the closing Common Stock price on the grant date, and then rounding up to the nearest whole share; provided, however, that if the grant date is a date that the NYSE is closed for trading, then the closing Common Stock price on the nearest date preceding the grant date and on which the NYSE was open for trading shall apply and be used.

$1,000 of the shares subject to the Onboarding Award shall vest on the grant date, and the remainder of the Onboarding Award shall vest on the one-year anniversary of the date of the most recently completed annual meeting of stockholders, subject to the Non-Employee Director’s continued service through such vesting date.

Each Non-Employee Director concurrently serves on the board of directors of the Company’s banking subsidiary, LendingClub Bank, National Association (the “Bank Board”). Further, each Non-Employee Director who serves on a committee of the Board serves in a corresponding capacity on the corresponding committee, if any, of the Bank Board. Accordingly, by way of example only, a Non-Employee Director who serves as a member of the Audit Committee of the Board and the chair of the Operational Risk Committee of the Board also concurrently serves as a member of the Bank Board, a member of the Audit Committee of the Bank Board and the chair of the Operational Risk Committee of the Bank Board (such concurrent service, “Concurrent Service”).

Non-Employee Directors shall not receive any additional compensation for Concurrent Service. However, in the event a Non-Employee Director serves on a committee of the Bank Board for which there is no corresponding Board committee (such Bank Board committee, a “Bank Only Committee”) and such Bank Only Committee holds at least three meetings in the then current calendar year, then such Non-Employee Director shall be entitled to receive an additional cash retainer for each Bank Only Committee meeting attended since January 1, 2022 as follows: (i) $2,000 for the chairperson of the Bank Only Committee, or (ii) $1,000 for the non-chairperson members of the Bank Only Committee (such additional retainer amount(s), the “Additional Bank Cash Retainer”). For the avoidance of doubt, a Bank Only Committee chairperson shall not receive such Bank Only Committee’s non-chairperson member retainer in addition to the chairperson retainer. Notwithstanding the forgoing, the maximum aggregate Additional Bank Cash Retainer that any Non-Employee Director may receive in a calendar year is $25,000.

Accordingly, by way of example only, a Non-Employee Director who attends, in a given calendar year, ten meetings of a Bank Only Committee as chairperson and ten meetings of a separate Bank Only Committee as a non-chairperson member will be entitled to an aggregate Additional Bank Cash Retainer of $25,000 (rather than $30,000, which is the sum of $2,000 multiplied by ten meetings and $1,000 multiplied by ten meetings).

Additional Bank Cash Retainers with respect to service on a Bank Only Committee in 2022 shall be paid in December 2022, and thereafter Additional Bank Cash Retainers shall be paid on the same schedule as other cash retainers.