The Board of Directors of Elah Holdings, Inc. is comprised of five members, who oversee the management of the Company. The Board is classified into three classes, Class I, Class II, and Class III; each director serves a term of three years, and each class is elected in its own year. The Board does not currently maintain separate committees, including audit, compensation, or nominating and governance committees. Rather, the Board of Directors, acting together, subject to applicable law, serves in such roles.

C. Clark Webb, Chairman

Clark Webb has served as the Chairman of the Board since May 9, 2018. Mr. Webb is Co-Founder and Principal of 210 Capital, LLC. Currently the Vice Chairman of P10, Inc. (NYSE: PX), he has been a member of the Board of Directors since 2017, and served as P10's Co-CEO from 2017 until 2023. Mr. Webb is also currently Chairman of the Board of Collaborative Imaging, LLC, a director of Crossroads Systems, Inc. (OTCQB: CRSS), and was a director of GlobalSCAPE, Inc. (NYSE American: GSB) until its sale in August 2020. Previously, he was Co-Portfolio Manager of the Lafayette Street Fund, a multi-billion dollar opportunistic equity strategy, and a Partner at Select Equity Group, L.P. Mr. Webb graduated from Princeton University and serves on the Board of Trustees of Christian Union.

Robert H. Alpert

Robert Alpert is the Co-founder and Principal of 210 Capital, LLC. He has been Chairman of the Board of P10, Inc. (NYSE: PX) since 2017 and served as its Co-CEO from 2017 to 2023. He is also Chairman of the Board of Crossroads Systems, Inc. (OTCQB: CRSS). Until its sale in August 2020, he was the CEO and Chairman of the Board of GlobalSCAPE, Inc. (NYSE American: GSB). Prior to founding 210 Capital, LLC, Mr. Alpert was the founder and portfolio manager of Atlas Capital Management, LP, a long-short strategy investment adviser from October 1995 to September 2015. He was responsible for the investments and operations of Atlas. Mr. Alpert holds a BA from Princeton University (1987) and an MBA from Columbia University (1990). Mr. Alpert and his wife founded a private foundation, Covenant Charities, Inc, and he is currently on the Board of The Halftime Institute and Dallas Theological Seminary.

Randolph Brown

Randy Brown is a Managing Director of Fortress Investment Group and was one of the founding partners of the firm’s Drawbridge Special Opportunities Fund which launched in August of 2002. Mr. Brown has been involved in corporate and real estate senior and mezzanine lending and the management of distressed corporate, commercial and real estate assets since 1984. Prior to joining Fortress Investment Group, Mr. Brown served as the Chairman and Chief Executive Officer of AMRESCO, Inc., a publicly traded finance company from 2000 to 2001, where he played a significant role in AMRESCO’s entry into the distressed portfolio acquisition arena. In 1996, he founded and served as the President of AMRESCO Commercial Finance, Inc., its business lending and specialized industries lending subsidiary. Mr. Brown was previously a Director at Nations Bank North Carolina where he was responsible for the management of problem commercial and real estate loans and assets in the Southeastern United States. Mr. Brown received a B.A. in Economics from Southern Methodist University. Mr. Brown has served on the boards of a variety of civic and philanthropic organizations and held numerous leadership positions.

Richard A. Shapiro

Richard Shapiro is Chief Investment Officer of Ridge Run Partners, LLC. From October 2020 to October 2021, and previously from 2007 to 2011, he was a Managing Director and Portfolio Manager with Millennium Management LLC, managing a long-short portfolio. Mr. Shapiro joined Wexford Capital LP in 2011, and at the time of his departure in 2020, he was Partner, Portfolio Manager, Co-Head of Equities, and a member of Wexford’s hedge fund investment committee. From July 2015 to August 2020, Mr. Shapiro served on the board of directors of BBQ Holdings, Inc. (Nasdaq: BBQ; f/k/a Famous Dave’s (Nasdaq: DAVE)), where he served as its Compensation Committee chair and a member of the Nominating & Governance Committee. Mr. Shapiro’s prior investment experience includes positions with the equities division of Amaranth Advisors, Putnam Investments, and Lee Munder Capital. Mr. Shapiro holds an MBA from Georgetown University and a BS in Business Administration from the University of Southern California.

Douglas K. Tabor

Doug Tabor is the Founder/CEO of TTE-Airgroup/DFW, a Radiant Logistics Company that supports small to medium size manufacturers and Fortune 100 companies with cargo movement and project management by air, ocean, truck, and rail. Prior to his time in the freight forwarding business, Mr. Tabor was a multi-unit franchisee for Domino’s pizza in North Texas and worked with a minority venture capital company that specialized in acquisitions, operations, and financial analysis. Mr. Tabor has a Bachelor of Business Administration from Dallas Baptist University, an M.B.A. with a concentration in International Business from Dallas Baptist University, and a Doctorate in Education from Inter American University. Mr. Tabor has served on the boards of a variety of civic and philanthropic organizations and held numerous leadership positions.