Texas Department of Banking Uses in Employment Agreement Clause

Employment Agreement from Consulting Agreement

This Agreement (this Agreement) is entered into as of the 1st day of July, 2008 by and between United Business Holdings, Inc. (the Company) having its principal place of business in San Diego, California and Christi Thompson, an adult individual residing in the State of Texas (the Consultant).

Employment Agreement. It is anticipated that the Consultant and the Bank will enter into an Employment Agreement having a term of not less than three years, in a form satisfactory to each of the Consultant and the Bank in their reasonable discretion, subject to the approval of such form by the Banks primary regulators and modifications to such form as may be required by the regulators, which Employment Agreement shall be effective as of the date on which the Texas Department of Banking or the Office of the Comptroller of the Currency, as the case may be, issues the Certificate of Authority to the Bank and the Federal Deposit Insurance Corporation issues approval for Insurance of Accounts.

Employment Agreement from Consulting Agreement

This Agreement (this Agreement) is entered into as of the 1st day of July, 2008 by and between United Business Holdings, Inc. (the Company) having its principal place of business in San Diego, California and Christi Thompson, an adult individual residing in the State of Texas (the Consultant).

Employment Agreement. It is anticipated that the Consultant and the Bank will enter into an Employment Agreement having a term of not less than three years, in a form satisfactory to each of the Consultant and the Bank in their reasonable discretion, subject to the approval of such form by the Banks primary regulators and modifications to such form as may be required by the regulators, which Employment Agreement shall be effective as of the date on which the Texas Department of Banking or the Office of the Comptroller of the Currency, as the case may be, issues the Certificate of Authority to the Bank and the Federal Deposit Insurance Corporation issues approval for Insurance of Accounts.