On July 29, 2015, the board of directors of LendingTree, Inc. appointed Saras Sarasvathy, MSIA, Ph.D. to serve as an independent member of the board of directors. Dr. Sarasvathy is the Isidore Horween Research Professor of Business Administration at the Darden School of Business, University of Virginia and the Jamuna Raghavan Chair Professor in Entrepreneurship, Indian Institute of Management, Bangalore. Dr. Sarasvathy will serve on the compensation committee of the board of directors.

In consideration of her service on its board and the compensation committee, Dr. Sarasvathy will be compensated in accordance with the compensation plan for non-employee directors previously approved by its board of directors.