0001024321-04-000004 Sample Contracts

WILSHIRE FINANCIAL SERVICES GROUP INC. GLENNON STOCK OPTION AGREEMENT
Wilshire Financial • February 3rd, 2004 • Wilshire Financial Services Group Inc • Finance services • Oregon

THIS STOCK OPTION AGREEMENT (the “Agreement”) is made and entered into as of January 27, 2000, by and between Wilshire Financial Services Group Inc., a Delaware corporation (the “Company”), and Stephen Glennon (the “Optionee”), an Employee of the Company.

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PROMISSORY NOTE
Pledge Agreement • February 3rd, 2004 • Wilshire Financial Services Group Inc • Finance services • Missouri

References in the shaded area are for Lender’s use only and do not limit the applicability of this document to any particular loan or item. Any item above containing***** has been omitted due to text length limitations.

WILSHIRE FINANCIAL SERVICES GROUP INC. AMENDED AND RESTATED STOCK OPTION AGREEMENT
Stock Option Agreement • February 3rd, 2004 • Wilshire Financial Services Group Inc • Finance services • Oregon

THIS AMENDED AND RESTATED STOCK OPTION AGREEMENT (the “Agreement”) is made and entered into as of February 29, 2000, by and between Wilshire Financial Services Group Inc., a Delaware corporation (the “Company”), and Stephen P. Glennon (the “Optionee”), an Employee of the Company, and amends, restates and supersedes in its entirety a prior Incentive Stock Option Agreement, dated as of February 29, 2000, for 575,000 options.

WILSHIRE FINANCIAL SERVICES GROUP INC. AMENDED STOCK OPTION AGREEMENT
Stock Option Agreement • February 3rd, 2004 • Wilshire Financial Services Group Inc • Finance services • Oregon

THIS AMENDED STOCK OPTION AGREEMENT (the “Agreement”) amends and restates in its entirety a Nonqualified Stock Option Agreement dated as of March 11, 2002 between Wilshire Financial Services Group Inc., a Delaware corporation (the “Company”), and Stephen P. Glennon (the “Optionee”), an Employee of the Company, to correct an error therein, and is entered into as of March 11, 2002.

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