<SEC-DOCUMENT>0001140361-21-002341.txt : 20210127
<SEC-HEADER>0001140361-21-002341.hdr.sgml : 20210127
<ACCEPTANCE-DATETIME>20210127164802
ACCESSION NUMBER:		0001140361-21-002341
CONFORMED SUBMISSION TYPE:	8-K/A
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20210114
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20210127
DATE AS OF CHANGE:		20210127

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BROADWAY FINANCIAL CORP \DE\
		CENTRAL INDEX KEY:			0001001171
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		IRS NUMBER:				954547287
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39043
		FILM NUMBER:		21560528

	BUSINESS ADDRESS:	
		STREET 1:		5055 WILSHIRE BLVD STE 500
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90036
		BUSINESS PHONE:		3236341700

	MAIL ADDRESS:	
		STREET 1:		5055 WILSHIRE BLVD STE 500
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90036
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K/A
<SEQUENCE>1
<FILENAME>brhc10019384_8ka.htm
<DESCRIPTION>8-K/A
<TEXT>
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      <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; margin-left: auto; margin-right: auto;"><font style="font-size: 14pt;">UNITED STATES</font></div>
    <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
    <div style="text-align: center;"> <br>
    </div>
    <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM 8-K/A</div>
    <div style="text-align: center;">Amendment No. 1</div>
    <div style="text-align: center;"> <br>
    </div>
    <div style="text-align: center; font-weight: bold;">CURRENT REPORT</div>
    <div style="text-align: center; font-weight: bold;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</div>
    <div style="text-align: center;"> <br>
    </div>
    <div style="text-align: center;">Date of Report (Date of earliest event reported):<font style="font-weight: bold;"> January 14, 2021</font></div>
    <div style="text-align: center;"> <br>
    </div>
    <div style="text-align: center; font-size: 24pt; font-weight: bold;">BROADWAY FINANCIAL CORPORATION</div>
    <div style="text-align: center;">(Exact name of registrant as specified in its charter)</div>
    <div> <br>
    </div>
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          <td style="width: 33%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;"><a name="z_Hlk48720211"></a>Delaware</div>
          </td>
          <td style="width: 34%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">001-39043</div>
          </td>
          <td style="width: 33%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">95-4547287</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">
            <div style="text-align: center;">(State or other jurisdiction of incorporation or organization)</div>
          </td>
          <td style="width: 34%; vertical-align: top;">
            <div style="text-align: center;">(Commission File Number)</div>
          </td>
          <td style="width: 33%; vertical-align: top;">
            <div style="text-align: center;">(I.R.S. Employer Identification Number)</div>
          </td>
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          <td style="width: 60%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">5055 Wilshire Boulevard Suite 500, Los Angeles, California</div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 38%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">90036</div>
          </td>
        </tr>
        <tr>
          <td style="width: 60%; vertical-align: top;">
            <div style="text-align: center;">(Address of principal executive offices)</div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 38%; vertical-align: top;">
            <div style="text-align: center;">(Zip Code)</div>
          </td>
        </tr>

    </table>
    <div style="text-align: center;"> <br>
    </div>
    <div style="text-align: center;">Registrant&#8217;s telephone number, including area code:&#160; (<font style="font-weight: bold;">323) 634-1700</font></div>
    <div> <br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">NOT APPLICABLE</div>
    <div style="text-align: center; color: #000000;">(Former name or former address, if changed since last report)</div>
    <div>&#160;</div>
    <div style="text-align: justify;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</div>
    <div>&#160;</div>
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          <td style="width: 17.75pt; vertical-align: top;">&#9746;</td>
          <td style="width: auto; vertical-align: top;">
            <div>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
          </td>
        </tr>

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          <td style="width: 17.75pt; vertical-align: top; align: right;">&#9744;</td>
          <td style="width: auto; vertical-align: top;">
            <div>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
          </td>
        </tr>

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          <td style="width: 17.75pt; vertical-align: top; align: right;">&#9744;</td>
          <td style="width: auto; vertical-align: top;">
            <div>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
          </td>
        </tr>

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          <td style="width: 17.75pt; vertical-align: top; align: right;">&#9744;</td>
          <td style="width: auto; vertical-align: top;">
            <div>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="color: #000000;">Securities registered pursuant to Section 12(b) of the Act:</div>
    <div>&#160;</div>
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          <td style="width: 32%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Title of each class</div>
          </td>
          <td style="width: 2%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td style="width: 32%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Trading Symbol(s)</div>
          </td>
          <td style="width: 2%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td style="width: 32%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Name of each exchange on which registered</div>
          </td>
        </tr>
        <tr>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: center;">Common Stock, par value $0.01 per share (including attached preferred stock purchase rights)</div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: center;">BYFC</div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: center;">The Nasdaq Stock Market LLC</div>
          </td>
        </tr>

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    <div>&#160;</div>
    <div style="color: #000000;">Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (&#167;&#8201;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;&#8201;240.12b-2 of this chapter).</div>
    <div>&#160;</div>
    <div style="text-align: right; color: #000000;">Emerging growth company &#9744;</div>
    <div>&#160;</div>
    <div style="color: #000000;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section
      13(a) of the Exchange Act.&#160; &#9744;</div>
    <div> <br>
    </div>
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    <div style="text-align: center; font-weight: bold;"><a name="z_Hlk36808383"></a>EXPLANATORY NOTE</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">This Current Report on Form 8-K/A (this &#8220;Amendment&#8221;) is an amendment to the Current Report on Form 8-K of Broadway Financial Corporation filed with the Securities and Exchange Commission on January
      14, 2021 (the &#8220;Original 8-K&#8221;) and is being filed solely to correct (1) Exhibit 10.1, Amendment to Employment Agreement, dated as of January 14, 2021, for Brenda Battey; (2) Exhibit 10.2, Amendment to Employment Agreement, dated as of January 14,
      2021, for Norman Bellefeuille; and (3) Exhibit 10.3, Amendment to Employment Agreement, dated as of January 14, 2021, for Ruth McCloud, to correct the dates to the respective Amendments to Employment Agreements, each dated and effective as of January
      14, 2021.&#160; All Items of the Original 8-K other than Item 9.01 of the Original 8-K are unaffected by this Amendment.</div>
    <div><br>
    </div>
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          <td style="width: 54pt; vertical-align: top; font-weight: bold;">Item 9.01</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">Financial Statements and Exhibits</div>
          </td>
        </tr>

    </table>
    <div> <br>
    </div>
    <div>
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            <td style="width: 18pt; vertical-align: top;">(d)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Exhibits. The following exhibits are filed with this report on Form 8-K/A:</div>
            </td>
          </tr>

      </table>
      <div> <br>
      </div>
    </div>
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          <td style="width: 10%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Exhibit No.</div>
          </td>
          <td style="width: 0.76%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td style="width: 89%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>Description</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
          <td style="width: 0.76%; vertical-align: bottom;">&#160;</td>
          <td style="width: 89%; vertical-align: bottom;">&#160;</td>
        </tr>
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          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: center;"><a href="brhc10019384_ex10-1.htm">10.1</a></div>
          </td>
          <td style="width: 0.76%; vertical-align: bottom;">&#160;</td>
          <td style="width: 89%; vertical-align: bottom;">
            <div>Amendment to Employment Agreement for Brenda J. Battey, dated as of January 14, 2021</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: center;"><a href="brhc10019384_ex10-2.htm">10.2</a></div>
          </td>
          <td style="width: 0.76%; vertical-align: bottom;">&#160;</td>
          <td style="width: 89%; vertical-align: bottom;">
            <div>Amendment to Employment Agreement for Norman Bellefeuille, dated as of January 14, 2021</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: center;"><a href="brhc10019384_ex10-3.htm">10.3</a></div>
          </td>
          <td style="width: 0.76%; vertical-align: bottom;">&#160;</td>
          <td style="width: 89%; vertical-align: bottom;">
            <div>Amendment to Employment Agreement for Ruth McCloud, dated as of January 14, 2021</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Additional Information and Where to Find it</div>
    <div><br>
    </div>
    <div style="text-align: justify;">This report does not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities or a solicitation of any vote or approval. This report relates to a proposed business combination
      (the &#8220;proposed transaction&#8221;) between the Company and CFBanc. In connection with the proposed transaction, the Company intends to file with the SEC a registration statement on Form S-4 (the &#8220;Registration Statement&#8221;) that will include a joint proxy
      statement of the Company and CFBanc and a prospectus of the Company (the &#8220;Joint Proxy/Prospectus&#8221;). The Company also plans to file other relevant documents with the SEC regarding the proposed transaction. No offering of securities shall be made
      except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended, and no offer to sell or solicitation of an offer to buy shall be made in any jurisdiction in which such offer, solicitation or sale
      would be unlawful. Any definitive Joint Proxy/Prospectus (if and when available) will be mailed or otherwise provided to stockholders of the Company and CFBanc. INVESTORS AND SECURITY HOLDERS OF THE COMPANY AND CFBANC ARE URGED TO READ THE
      REGISTRATION STATEMENT, JOINT PROXY/PROSPECTUS AND OTHER DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL
      CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Investors and security holders will be able to obtain free copies of these documents (if and when available) and other documents containing important information about the Company and CFBanc, once such documents are
      filed with the SEC through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by the Company will also be available free of charge on the Company&#8217;s website at
      https://www.broadwayfederalbank.com/financial-highlights.&#160; Copies of the Registration Statement and the Joint Proxy/Prospectus can also be obtained, when it becomes available, free of charge by directing a request to Broadway Financial Corporation,
      5055 Wilshire Boulevard Suite 500, Los Angeles, California 90036, Attention: Investor Relations, Telephone: (323) 556-3264, or by email to investor.relations@broadwayfederalbank.com, or to CFBanc Corporation, 1432 U Street, NW DC 20009, Attention:
      Audrey Phillips, Corporate Secretary, Telephone: (202) 243-7141.</div>
    <div style="text-align: justify;"> <br>
    </div>
    <div style="text-align: justify;">Certain Information Concerning Participants</div>
    <div style="text-align: justify;"> <br>
    </div>
    <div style="text-align: justify;">The Company, CFBanc and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information about the
      directors and executive officers of the Company is set forth in the Company&#8217;s proxy statement for its 2020 annual meeting of stockholders, which was filed with the SEC on May 20, 2020. Information regarding all of the persons who may, under the rules
      of the SEC, be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Joint Proxy/Prospectus and other relevant materials to be filed with
      the SEC when they become available. These documents, when available, can be obtained free of charge from the sources indicated above. Investors should read the Joint Proxy/Prospectus carefully when it becomes available before making any voting or
      investment decisions.</div>
    <div><br>
    </div>
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    <div style="text-align: justify;">Cautionary Statement Regarding Forward-Looking Information</div>
    <div style="text-align: justify;"> <br>
    </div>
    <div style="text-align: justify;">This report includes &#8220;forward-looking statements&#8221; within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Words such as &#8220;expect,&#8221; &#8220;estimate,&#8221; &#8220;project,&#8221;
      &#8220;budget,&#8221; &#8220;forecast,&#8221; &#8220;anticipate,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;may,&#8221; &#8220;will,&#8221; &#8220;could,&#8221; &#8220;should,&#8221; &#8220;poised,&#8221; &#8220;believes,&#8221; &#8220;predicts,&#8221; &#8220;potential,&#8221; &#8220;continue,&#8221; and similar expressions are intended to identify such forward-looking statements; however the absence
      of these words does not mean the statements are not forward-looking. Forward-looking statements in this report include matters that involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity,
      performance or achievements to differ materially from results expressed or implied by this report. Such risk factors include, among others: the uncertainty as to the extent of the duration, scope and impacts of the COVID-19 pandemic; political and
      economic uncertainty, including any decline in global economic conditions or the stability of credit and financial markets; the expected timing and likelihood of completion of the proposed transaction, the occurrence of any event, change or other
      circumstances that could give rise to the termination of the Merger Agreement, the possibility that stockholders of the Company or of CFBanc may not approve the merger agreement, the risk that the parties may not be able to satisfy the conditions to
      the proposed transaction in a timely manner or at all or failure to close the proposed transaction for any other reason, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that
      any announcements relating to the proposed transaction could have adverse effects on the market price of the Company Common Stock, the risk relating to the potential dilutive effect of shares of Company Common Stock to be issued in the proposed
      transaction, the risk of any unexpected costs or expenses resulting from the proposed transaction,&#160; the risk of any litigation relating to the proposed transaction, the risk of possible adverse rulings, judgments, settlements and other outcomes of
      pending litigation,&#160; the risk that the proposed transaction and its announcement could have an adverse effect on the ability of the Company and CFBanc to retain customers and retain and hire key personnel and maintain relationships with their
      customers and on their operating results and businesses generally, the risk the pending proposed transaction could distract management of both entities and that they will incur substantial costs, the risk that problems may arise in successfully
      integrating the businesses of the companies, which may result in the combined company not operating as effectively and efficiently as expected, or that the entities may not be able to successfully integrate the businesses, the risk that the combined
      company may be unable to achieve synergies or other anticipated benefits of the proposed transaction or it may take longer than expected to achieve those synergies or benefits and other important factors that could cause actual results to differ
      materially from those projected. All such factors are difficult to predict and are beyond the Company&#8217;s control. Additional factors that could cause results to differ materially from those described above can be found in the Company&#8217;s annual reports
      on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K or other filings, which have been filed with the SEC and are available on the Company&#8217;s website at https://www.broadwayfederalbank.com/financial-highlights and on the SEC&#8217;s
      website at http://www.sec.gov.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Actual results may differ materially from those contained in the forward-looking statements in this report. Forward-looking statements speak only as of the date they are made and the Company undertakes no obligation
      and does not intend to update these forward-looking statements to reflect events or circumstances occurring after the date of this report. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the
      date of this report.</div>
    <div>&#160;</div>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">2</font></div>
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    <div>
      <div style="text-align: center;">SIGNATURES</div>
      <div style="text-align: center;"> <br>
      </div>
    </div>
    <div>
      <div style="text-indent: 36pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</div>
    </div>
    <div><br>
    </div>
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        <tr>
          <td style="width: 50%; vertical-align: bottom;">&#160;</td>
          <td style="width: 50%; vertical-align: bottom;">
            <div style="font-weight: bold;">BROADWAY FINANCIAL CORPORATION</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: bottom;">&#160;</td>
          <td style="width: 50%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td style="width: 50%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>/s/ Brenda J. Battey</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: bottom;">
            <div>Date: January 27, 2021</div>
          </td>
          <td style="width: 50%; vertical-align: bottom;">
            <div>Brenda J. Battey</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: bottom;">&#160;</td>
          <td style="width: 50%; vertical-align: bottom;">
            <div>Chief Financial Officer</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">3</font></div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>brhc10019384_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Summit, a Broadridge Company
         Document created using EDGARfilings PROfile 7.3.2.0
         Copyright 1995 - 2021 Broadridge -->
  </head>
<body style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;" bgcolor="#ffffff">
  <div>
    <div style="text-align: center; font-weight: bold;"></div>
    <div style="text-align: right; font-weight: bold;">
      <hr style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade">Exhibit 10.1<br>
    </div>
    <div style="text-align: center; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-weight: bold;">BROADWAY FINANCIAL CORPORATION</div>
    <div style="text-align: center; font-weight: bold;">5055 Wilshire Boulevard, Suite 500</div>
    <div style="text-align: center; font-weight: bold;">Los Angeles, California 90036</div>
    <div><br>
    </div>
    <div style="text-align: center;">January 14, 2021</div>
    <div><br>
    </div>
    <div>Brenda J. Battey</div>
    <div>5055 Wilshire Boulevard, Suite 500</div>
    <div>Los Angeles, California 90036</div>
    <div><br>
    </div>
    <div>Re: Employment Agreement</div>
    <div><br>
    </div>
    <div>Dear Brenda:</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Broadway Financial Corporation&#160; (&#8220;Broadway&#8221;) has entered into an Agreement and Plan of Merger with CFBanc Corporation (&#8220;CFB&#8221;), dated as of August 25, 2020 (such agreement as amended or supplemented from time to time
      being referred to in this letter agreement as the &#8220;Merger Agreement&#8221;), pursuant to which CFB will merge with and into Broadway and Broadway Federal Bank, f.s.b. (&#8220;Broadway Bank&#8221;) will merge with and into CFB&#8217;s wholly-owned banking subsidiary, City
      First Bank of DC, National Association (&#8220;CF Bank&#8221;).&#160; After consultation with legal counsel, Broadway has determined that the transactions provided for in the Merger Agreement will constitute a Change in Control as that term is defined in your
      existing Employment Agreement with Broadway and Broadway Bank, dated as of May 1, 2017 and amended by Amendment No 1 thereto, dated as of July 1, 2019 (such agreement as amended or supplemented from time to time being referred to in this letter
      agreement as &#8220;your Employment Agreement&#8221;).&#160; Terms used in this letter have the meanings given to them in your Employment Agreement.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">In connection with the negotiation of the terms of the Merger Agreement by the parties thereto, you, Broadway, Broadway Bank, CFB and CF Bank have agreed that (i) you will continue your service as the Chief Financial
      Officer of Broadway after the merger of Broadway and CFB is completed, and (ii) for purposes of your Employment Agreement, the termination of your employment for any reason following the merger, whether by the Company or you, other than if your
      employment is terminated by the Company for &#8220;Cause&#8221;, will constitute a termination of the Service Period without Cause. Accordingly, upon such a termination (or, if later, your eventual &#8220;separation from service&#8221; within the meaning of Section 409A of
      the Code following such a termination), you will be entitled to receive the Accrued Obligations and, subject to your timely execution of, and not revoking, the Irrevocable Release, you will be entitled to receive the Severance Payments, either as set
      forth in Section 6(a) of your Employment Agreement or, if your termination of employment occurs within two years following the consummation of the merger, as set forth in Section 6(d) of your Employment Agreement. The Severance Payments will be
      payable in accordance with the terms of Section 6(a) or 6(d), as applicable, subject to any delay required due to your status as a &#8220;specified employee&#8221; under Section 409A.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">If this letter accurately states our agreement, please sign a copy of this letter in the space indicated for your signature below, whereupon each of the corporate entities on whose behalf this letter agreement is
      signed and you will be legally bound as provided herein.</div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <!--PROfilePageNumberReset%Num%2%%%-->
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z5e7d3b660a99476c83d58e3f9eea5ed0" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td colspan="2" style="vertical-align: top;">
            <div>/s/ Wayne-Kent A. Bradshaw</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div>Name:</div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div>Wayne-Kent A. Bradshaw</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div>Title:</div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div>President and Chief Executive Officer</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 95%; vertical-align: top;">
            <div>Broadway Financial Corporation and</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 95%; vertical-align: top;">
            <div>Broadway Federal Bank, f.s.b.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>AGREED:</div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zb33a6ffa1473475e901f0b0a115b4ee1" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td colspan="2" style="vertical-align: top;">
            <div>/s/ Brian Argrett</div>
          </td>
          <td style="width: 33.23%; vertical-align: top;">
            <div>/s/ Brenda J. Battey</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div>Name:</div>
          </td>
          <td style="width: 62%; vertical-align: top;">
            <div>Brian Argrett</div>
          </td>
          <td style="width: 33.23%; vertical-align: top;">
            <div>Name:&#160; Brenda J. Battey</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div>Title:</div>
          </td>
          <td style="width: 62%; vertical-align: top;">
            <div>President and Chief Executive Officer</div>
          </td>
          <td style="width: 33.23%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 62%; vertical-align: top;">
            <div>CFBanc Corporation and City First</div>
          </td>
          <td style="width: 33.23%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 62%; vertical-align: top;">
            <div>Bank of DC, National Association</div>
          </td>
          <td style="width: 33.23%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">2</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zdb46768b99034442a38fcb67beac1bb0" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td colspan="2" style="vertical-align: top;">
            <div>/s/ Brian Argrett</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div>Name:</div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div>Brian Argrett</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div>Title:</div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div>Chief Executive Officer</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 95%; vertical-align: top;">
            <div>CFB Corporation and City First</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 95%; vertical-align: top;">
            <div>Bank of DC, National Association</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
  </div>
  <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">3</font>
    <hr style="height: 2px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>brhc10019384_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Summit, a Broadridge Company
         Document created using EDGARfilings PROfile 7.3.2.0
         Copyright 1995 - 2021 Broadridge -->
  </head>
<body style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;" bgcolor="#ffffff">
  <div>
    <div style="text-align: center; font-weight: bold;"></div>
    <div style="text-align: right; font-weight: bold;">
      <hr style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"> Exhibit 10.2<br>
    </div>
    <div style="text-align: center; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-weight: bold;">BROADWAY FINANCIAL CORPORATION</div>
    <div style="text-align: center; font-weight: bold;">5055 Wilshire Boulevard, Suite 500</div>
    <div style="text-align: center; font-weight: bold;">Los Angeles, California 90036</div>
    <div><br>
    </div>
    <div style="text-align: center;">January 14, 2021</div>
    <div><br>
    </div>
    <div>Norman Bellefeuille</div>
    <div>5055 Wilshire Boulevard, Suite 500</div>
    <div>Los Angeles, California 90036</div>
    <div><br>
    </div>
    <div>Re: Employment Agreement</div>
    <div><br>
    </div>
    <div>Dear Norman:</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Broadway Financial Corporation (&#8220;Broadway&#8221;) has entered into an Agreement and Plan of Merger with CFBanc Corporation (&#8220;CFB&#8221;), dated as of August 25, 2020 (such agreement as amended or supplemented from time to time
      being referred to in this letter agreement as the &#8220;Merger Agreement&#8221;), pursuant to which CFB will merge with and into Broadway and Broadway Federal Bank, f.s.b. (&#8220;Broadway Bank&#8221;) will merge with and into CFB&#8217;s wholly-owned banking subsidiary, City
      First Bank of DC, National Association (&#8220;CF Bank&#8221;).&#160; After consultation with legal counsel, Broadway has determined that the transactions provided for in the Merger Agreement will constitute a Change in Control as that term is defined in your
      existing Employment Agreement with Broadway and Broadway Bank, dated as of May 1, 2017 and amended by Amendment No 1 thereto, dated as of July 1, 2019 (such agreement as amended or supplemented from time to time being referred to in this letter
      agreement as &#8220;your Employment Agreement&#8221;).&#160; Terms used in this letter have the meanings given to them in your Employment Agreement.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">In connection with the negotiation of the terms of the Merger Agreement by the parties thereto, you, Broadway, Broadway Bank, CFB and CF Bank have agreed that (i) you will continue your service as the Chief Lending
      Officer of Broadway after the merger of Broadway and CFB is completed, and (ii) for purposes of your Employment Agreement, the termination of your employment for any reason following the merger, whether by the Company or you, other than if your
      employment is terminated by the Company for &#8220;Cause&#8221;, will constitute a termination of the Service Period without Cause. Accordingly, upon such a termination (or, if later, your eventual &#8220;separation from service&#8221; within the meaning of Section 409A of
      the Code following such a termination), you will be entitled to receive the Accrued Obligations and, subject to your timely execution of, and not revoking, the Irrevocable Release, you will be entitled to receive the Severance Payments, either as set
      forth in Section 6(a) of your Employment Agreement or, if your termination of employment occurs within two years following the consummation of the merger, as set forth in Section 6(d) of your Employment Agreement. The Severance Payments will be
      payable in accordance with the terms of Section 6(a) or 6(d), as applicable, subject to any delay required due to your status as a &#8220;specified employee&#8221; under Section 409A.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">If this letter accurately states our agreement, please sign a copy of this letter in the space indicated for your signature below, whereupon each of the corporate entities on whose behalf this letter agreement is
      signed and you will be legally bound as provided herein.</div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageFooter">
        <div style="text-indent: 230.7pt; font-size: 12pt;"></div>
      </div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader"></div>
    </div>
    <!--PROfilePageNumberReset%Num%2%%%-->
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" border="0" cellpadding="0" cellspacing="0">

          <tr>
            <td style="vertical-align: top;" colspan="2">
              <div>/s/ Wayne-Kent A. Bradshaw</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div>Name:</div>
            </td>
            <td style="width: 95%; vertical-align: top;">
              <div>Wayne-Kent A. Bradshaw</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div>Title:</div>
            </td>
            <td style="width: 95%; vertical-align: top;">
              <div>President and Chief Executive Officer</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 95%; vertical-align: top;">
              <div>Broadway Financial Corporation and</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 95%; vertical-align: top;">
              <div>Broadway Federal Bank, f.s.b.</div>
            </td>
          </tr>

      </table>
    </div>
    <br>
    <div>AGREED:</div>
    <div><br>
    </div>
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" border="0" cellpadding="0" cellspacing="0">

          <tr>
            <td style="vertical-align: top;" colspan="2">
              <div>/s/ Brian Argrett</div>
            </td>
            <td style="width: 33.23%; vertical-align: top;">
              <div>/s/ Norman Bellefeuille</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div>Name:</div>
            </td>
            <td style="width: 62%; vertical-align: top;">
              <div>Brian Argrett</div>
            </td>
            <td style="width: 33.23%; vertical-align: top;">
              <div>Name:&#160; Norman Bellefeuille</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div>Title:</div>
            </td>
            <td style="width: 62%; vertical-align: top;">
              <div>President and Chief Executive Officer</div>
            </td>
            <td style="width: 33.23%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 62%; vertical-align: top;">
              <div>CFBanc Corporation and City First</div>
            </td>
            <td style="width: 33.23%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 62%; vertical-align: top;">
              <div>Bank of DC, National Association</div>
            </td>
            <td style="width: 33.23%; vertical-align: top;">&#160;</td>
          </tr>

      </table>
    </div>
    <br>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageFooter">
        <div style="text-indent: 230.7pt; font-size: 12pt;"></div>
      </div>
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      <div id="DSPFPageHeader"></div>
    </div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="vertical-align: top;" colspan="2">
            <div>/s/ Brian Argrett</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div>Name:</div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div>Brian Argrett</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div>Title:</div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div>Chief Executive Officer</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 95%; vertical-align: top;">
            <div>CFB Corporation and City First</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 95%; vertical-align: top;">
            <div>Bank of DC, National Association</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <br>
    <div id="DSPFPageFooter">
      <div style="text-indent: 230.7pt; font-size: 12pt;"></div>
    </div>
  </div>
  <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">3</font>
    <hr style="height: 2px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>brhc10019384_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Summit, a Broadridge Company
         Document created using EDGARfilings PROfile 7.3.2.0
         Copyright 1995 - 2021 Broadridge -->
  </head>
<body style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;" bgcolor="#ffffff">
  <div>
    <div style="text-align: right; font-weight: bold;">
      <hr style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"> Exhibit 10.3<br>
    </div>
    <div style="text-align: center; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-weight: bold;">BROADWAY FINANCIAL CORPORATION</div>
    <div style="text-align: center; font-weight: bold;">5055 Wilshire Boulevard, Suite 500</div>
    <div style="text-align: center; font-weight: bold;">Los Angeles, California 90036</div>
    <div><br>
    </div>
    <div style="text-align: center;">January 14, 2021</div>
    <div><br>
    </div>
    <div>Ruth McCloud</div>
    <div>5055 Wilshire Boulevard, Suite 500</div>
    <div>Los Angeles, California 90036</div>
    <div><br>
    </div>
    <div>Re: Employment Agreement</div>
    <div><br>
    </div>
    <div>Dear Ruth:</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Broadway Financial Corporation (&#8220;Broadway&#8221;) has entered into an Agreement and Plan of Merger&#160; with CFBanc Corporation (&#8220;CFB&#8221;), dated as of August 25, 2020 (such agreement as amended or supplemented from time to time
      being referred to in this letter agreement as the &#8220;Merger Agreement&#8221;), pursuant to which CFB will merge with and into Broadway and Broadway Federal Bank, f.s.b. (&#8220;Broadway Bank&#8221;) will merge with and into CFB&#8217;s wholly-owned banking subsidiary, City
      First Bank of DC, National Association (&#8220;CF Bank&#8221;).&#160; After consultation with legal counsel, Broadway has determined that the transactions provided for in the Merger Agreement will constitute a Change in Control as that term is defined in your
      existing Employment Agreement with Broadway and Broadway Bank, dated as of May 1, 2017 and amended by Amendment No 1 thereto, dated as of July 1, 2019 (such agreement as amended or supplemented from time to time being referred to in this letter
      agreement as &#8220;your Employment Agreement&#8221;).&#160; Terms used in this letter have the meanings given to them in your Employment Agreement.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">In connection with the negotiation of the terms of the Merger Agreement by the parties thereto, you, Broadway, Broadway Bank, CFB and CF Bank have agreed that (i) you will continue your service as the Chief Retail
      Banking Officer of Broadway after the merger of Broadway and CFB is completed, and (ii) for purposes of your Employment Agreement, the termination of your employment for any reason following the merger, whether by the Company or you, other than if
      your employment is terminated by the Company for &#8220;Cause&#8221;, will constitute a termination of the Service Period without Cause. Accordingly, upon such a termination (or, if later, your eventual &#8220;separation from service&#8221; within the meaning of Section
      409A of the Code following such a termination), you will be entitled to receive the Accrued Obligations and, subject to your timely execution of, and not revoking, the Irrevocable Release, you will be entitled to receive the Severance Payments,
      either as set forth in Section 6(a) of your Employment Agreement or, if your termination of employment occurs within two years following the consummation of the merger, as set forth in Section 6(d) of your Employment Agreement. The Severance Payments
      will be payable in accordance with the terms of Section 6(a) or 6(d), as applicable, subject to any delay required due to your status as a &#8220;specified employee&#8221; under Section 409A.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">If this letter accurately states our agreement, please sign a copy of this letter in the space indicated for your signature below, whereupon each of the corporate entities on whose behalf this letter agreement is
      signed and you will be legally bound as provided herein.</div>
    <div><br>
    </div>
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        <tr>
          <td colspan="2" style="vertical-align: top;">
            <div>/s/ Wayne-Kent A. Bradshaw</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div>Name:</div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div>Wayne-Kent A. Bradshaw</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div>Title:</div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div>President and Chief Executive Officer</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 95%; vertical-align: top;">
            <div>Broadway Financial Corporation and</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 95%; vertical-align: top;">
            <div>Broadway Federal Bank, f.s.b.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>AGREED:</div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td colspan="2" style="vertical-align: top;">
            <div>/s/ Brian Argrett</div>
          </td>
          <td style="width: 33.23%; vertical-align: top;">
            <div>
              <div>/s/ Ruth McCloud</div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div>Name:</div>
          </td>
          <td style="width: 62%; vertical-align: top;">
            <div>Brian Argrett</div>
          </td>
          <td style="width: 33.23%; vertical-align: top;">
            <div>
              <div>Name:&#160; Ruth McCloud</div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div>Title:</div>
          </td>
          <td style="width: 62%; vertical-align: top;">
            <div>President and Chief Executive Officer</div>
          </td>
          <td style="width: 33.23%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 62%; vertical-align: top;">
            <div>CFBanc Corporation and City First</div>
          </td>
          <td style="width: 33.23%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 62%; vertical-align: top;">
            <div>Bank of DC, National Association</div>
          </td>
          <td style="width: 33.23%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">2</font></div>
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        <tr>
          <td colspan="2" style="vertical-align: top;">
            <div>/s/ Brian Argrett</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div>Name:</div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div>Brian Argrett</div>
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        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div>Title:</div>
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          <td style="width: 95%; vertical-align: top;">
            <div>Chief Executive Officer</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 95%; vertical-align: top;">
            <div>CFB Corporation and City First</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 95%; vertical-align: top;">
            <div>Bank of DC, National Association</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
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