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):
EMPLOYMENT AGREEMENTEmployment 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
EMPLOYMENT AGREEMENTEmployment 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 TERMSSecurities 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”);
