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 2018. Mr. Webb is Co-Founder and Principal of 210 Capital, LLC. He is a director of Crossroads Impact Corp. (formerly OTCQX: CRSS), a specialty finance holding company, which he joined in October 2017. Until November 2024, he served as the Executive Vice Chairman of P10, Inc. (NYSE: PX), an alternative asset management investment firm, since 2017, and he also served as P10's Co-CEO from 2017 until October 2023. Previously, Mr. Webb was a director of GlobalSCAPE, Inc. (NYSE American: GSB), a software developer offering secure enterprise FTP solutions, from 2018 until its sale in August 2020. Prior to co-founding 210 Capital, 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 served as the Chairman of the Board of Crossroads Impact Corp. since October 2017. Until November 2024, he served as a director of P10, Inc. (NYSE: PX), and as Chairman of the Board from 2017 to June 2024 and Co-CEO from 2017 to October 2023. Mr. Alpert is the Founding Partner and Co-Chairman of Griffin Highline Capital LLC, which began in 2020. He is also the Co-Founder and Managing Member of Merfax Financial Group, LP, formed in 2016.  Mr. Alpert has also been Chairman of Incline Insurance Group since 2016 and the co-founder of Homebuilder Capital Advisors, LLC formed in 2013. From 2018 until its sale in August 2020, he was the Chairman of the Board of GlobalSCAPE, Inc. (NYSE American: GSB), and served as its CEO from January 2020 to August 2020. 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. Mr. Alpert holds a BA from Princeton University and an MBA from Columbia University. He and his wife founded a private foundation, Covenant Charities, Inc., and he is currently on the Board of the 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

RichardShapiro is Founder of Ridge Run Partners, LLC, a family office firm, where he has served as Chief Investment Officer since October 2021. He joined the Boards of Directors of public companies Orion Energy Systems, Inc. (NASDAQ: OESX) in March 2023, where he serves on its Human Capital Management and Compensation Committee, and Evolv Technologies Holdings, Inc. (NASDAQ: EVLV) in February 2024, where he serves on the Nominating and Corporate Governance Committee as its chairperson and on the Audit Committee. Previously, Mr. Shapiro served on the Board of Directors of Altus Power, Inc. (NYSE: AMPS), including as chairman of the Compensation Committee, from August 2024 to April 2025, when it was taken private by TPG. He served on the Board of Directors of CDON AB (STO:CDON) from May 2024 to November 2024. From July 2015 to August 2020, Mr. Shapiro served on the board of directors of BBQ Holdings, Inc. f/k/a Famous Dave’s (Nasdaq: BBQ; DAVE), where he served as its Compensation Committee chair and a member of the Nominating & Governance Committee. 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. 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.