PCB Bancorp Sample Contracts

2,385,000 Shares PACIFIC CITY FINANCIAL CORPORATION Common Stock UNDERWRITING AGREEMENT
Underwriting Agreement • August 10th, 2018 • Pacific City Financial Corp • State commercial banks • New York
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UNITED STATES DEPARTMENT OF THE TREASURY 1500 PENNSYLVANIA AVENUE, NW
Securities Purchase Agreement • May 24th, 2022 • PCB Bancorp • State commercial banks • New York

WHEREAS, the United States Department of the Treasury (the “Investor” or the “Treasury”) may from time to time agree to purchase shares of preferred stock from Eligible Financial Institutions that elect to participate in the Emergency Capital Investment Program (“ECIP”);

LOCK-UP AGREEMENT [Closing Date]
Lock-Up Agreement • March 8th, 2010 • Pacific City Financial Corp

In connection with the Agreement and Plan of Reorganization (the “Merger Agreement”), dated January 11, 2010, by and among North Asia Investment Corporation (“NAIC”), Thomas Chan-Soo Kang and Pacific City Financial Corporation (“Pac City”), to induce the parties to consummate the transactions contemplated by the Merger Agreement, the undersigned agrees to, neither directly nor indirectly, during the “Restricted Period” (as hereinafter defined):

PCB BANCORP STOCK OPTION AGREEMENT
Stock Option Agreement • July 27th, 2023 • PCB Bancorp • State commercial banks • California

This Stock Option Agreement (this “Agreement”) is subject to all the provisions of the Plan, and any term defined in the Plan and used herein with capitalized initials shall have the meaning given it in the Plan.

EMPLOYMENT AGREEMENT
Employment Agreement • July 17th, 2018 • Pacific City Financial Corp • State commercial banks • California

This Agreement is made and is effective as of January 1, 2018, by and between Pacific City Bank (“Bank”), Pacific City Financial Corporation, a California corporation and registered bank holding company (“Company”), and Henry Kim (“Executive”).

RESTRICTED STOCK AWARD AGREEMENT UNDER THE PACIFIC CITY FINANCIAL CORPORATION
Restricted Stock Award Agreement • July 17th, 2018 • Pacific City Financial Corp • State commercial banks • California

This Restricted Stock Agreement (“Agreement”) is made as of , between Pacific City Financial Corporation, a California banking corporation (the “Company”), and [name of employee], an employee of the Company or a subsidiary of the Company (“Recipient”), with reference to the following:

PCB BANCORP RESTRICTED STOCK AWARD AGREEMENT
Restricted Stock Award Agreement • July 27th, 2023 • PCB Bancorp • State commercial banks • California

This Restricted Stock Agreement (“Agreement”) is made as of , between PCB Bancorp, a California corporation (the “Company”), and [name of employee], an employee of the Company or a subsidiary of the Company (“Recipient”), with reference to the following:

PACIFIC CITY BANK STOCK OPTION AGREEMENT
Stock Option Agreement • July 17th, 2018 • Pacific City Financial Corp • State commercial banks • California

We are pleased to notify you that Pacific City Bank, a California banking corporation. (the “Bank”) hereby grants to you an option to purchase any or all of shares of the Common Stock of the Bank (the “Shares”) at the exercise price of $ per Share (the “Exercise Price”) pursuant to the Bank’s 2003 Stock Option Plan (the “Plan”). This Agreement is subject to all the provisions of the Plan, and any term defined in the Plan and used herein with capitalized initials shall have the meaning given it in the Plan.

EMPLOYMENT AGREEMENT
Employment Agreement • March 8th, 2010 • Pacific City Financial Corp • California

WHEREAS, Bank desires to employ Executive in the capacity of Executive Vice President and Chief Operating Officer, and Executive’s background, expertise and efforts are expected to contribute to the success and financial strength of the Bank; and

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • March 4th, 2022 • PCB Bancorp • State commercial banks

THIS SECOND AMENDMENT TO EMPLOYMENT AGREEMENT (the “Second Amendment”) is entered into as of December 28, 2021, by and between Pacific City Bank (“Bank”), PCB Bancorp (formerly known as Pacific City Financial Corporation), a California corporation and registered bank holding company (“Company”) and Henry Kim (“Executive”).

STOCK OPTION AWARD AGREEMENT UNDER THE PACIFIC CITY FINANCIAL CORPORATION
Stock Option Award Agreement • July 17th, 2018 • Pacific City Financial Corp • State commercial banks • California

This Stock Option Agreement (“Agreement”) is made and entered into as of , by and between Pacific City Financial Corporation, a California corporation (the “Company”), and , an employee of the Company (the “Optionee”), with reference to the following:

EMPLOYMENT AGREEMENT
Employment Agreement • March 8th, 2010 • Pacific City Financial Corp • California

WHEREAS, Bank desires to employ Executive in the capacity of President and Chief Executive Officer, and Executive’s background, expertise and efforts are expected to contribute to the success and financial strength of the Bank; and

SECURITIES PURCHASE AGREEMENT STANDARD TERMS
Securities Purchase Agreement • March 8th, 2010 • Pacific City Financial Corp • New York

WHEREAS, the United States Department of the Treasury (the “Investor”) may from time to time agree to purchase shares of preferred stock and warrants from eligible financial institutions which elect to participate in the Troubled Asset Relief Program Capital Purchase Program (“CPP”);

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • November 8th, 2021 • PCB Bancorp • State commercial banks

THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (the “First Amendment”) is entered into as of August 26, 2021, by and between Pacific City Bank (“Bank”), PCB Bancorp (formerly known as Pacific City Financial Corporation), a California corporation and registered bank holding company (“Company”) and Henry Kim (“Executive”).

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