**EXHIBIT 10.1****PUT OPTION AGREEMENT**     This **PUT OPTION AGREEMENT**is made and entered into this 17th day of April, 2007, by andbetween Hanmi Financial Corporation, a Delaware corporation (“**Grantor**”), and William J. Ruh(“**Grantee**”).     1. **Grant of Put Right.**Subject to the terms and conditions contained in this Agreement,Grantor hereby grants to Grantee the right and option (the “**Put Right**”) to sell, convey, transferand delivery to Grantor in exchange for the Put Price (as defined below) that certain Common StockPurchase Warrant, issued by Grantor to Grantee on April 30, 2004 (the “**Warrant**”), which Warrantprovides the Grantee with the right to purchase 56,908 shares of Common Stock of Grantee (the“**Warrant Shares**”) in accordance with terms set forth therein.     2. **Exercise Period**. The Put Right shall be exercisable by Grantor at any time within theperiod beginning on May 6, 2007 and ending on June 15, 2007 at 5:00 p.m., Pacific Standard Time(the “**Exercise Period**”). If Grantee does not exercise the Put Right within the Exercise Period, thePut Right shall thereafter terminate and expire, without further action by either party. In suchcase, all rights and obligations of the parties hereto under the Warrant shall remain in full forceand effect.     3. **Notice of Put Right**. In the event that Grantee desires to exercise the Put Right, Granteeshall deliver written notice to Grantor of its intent to exercise the Put Right (a “**Put Notice**”) atany time during the Exercise Period. Such Put Notice shall be made in accordance with the noticeprovisions set forth in Section 7 of the Warrant. Upon receipt of a Put Notice within the ExercisePeriod, Grantor shall be obligated to deliver to Grantee, no later than three (3) business daysfollowing receipt of such Put Notice, the Put Price (as defined below) by wire transfer ofimmediately available funds.     4. **Put Price**. The Put Price shall be equal to the product of (i) the average of the closingprice per share of the Common Stock as reported on the NASDAQ Global Select Market over the five(5) trading days prior to the date of the Put Notice, and (ii) the number of Warrant Shares, minus$540,626. The number of Warrant Shares and Put Price shall be subject to automatic adjustment toaccurately and equitably account for any stock dividend, stock split, stock combination,recapitalization or other similar transaction effected between the date hereof and the Grantor’sexercise of the Put Right.     5. **Additional Obligations**. Grantor hereby covenants and agrees not to enter into any agreementafter the date hereof that may prohibit, require the consent to consummate, or would be breachedby, the performance of Grantor’s obligations under this Agreement without condition, without theprior written consent of Grantee.     6. **Representations and Warranties of Grantor**. This Agreement has been executed and deliveredby and is legal, valid and binding upon Grantor and enforceable against Grantor in accordance withits terms. Grantor hereby represents and warrants to Grantee that neither the execution anddelivery of this Agreement nor the performance by Grantor of its obligations hereunder will: (i)contravene Grantor’s constitutive documents; (ii) conflict with or result in the breach of any ofthe terms or conditions of or constitute a default under any contract, instrument, document,agreement, or other arrangement to which Grantor is a party or by which Grantor or any of itsproperties is bound or affected; (iii) result in the creation or imposition of any lien uponGrantor’s property; (iv) violate any law or regulation applicable to Grantor; or (v) require theconsent or approval of, or any filing with, any governmental body, agency, authority or other party(other than those which have been obtained on or before the date hereof).
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     7. **Representations and Warranties of Grantee**. Grantee hereby represents and warrants toGrantor that:          7.1 Title; Authority. Grantee has good title to the Warrant free and clear of any liens orencumbrances. Grantee has the legal capacity to enter into this Agreement and perform hisobligations hereunder. No consent of any party is required for the execution and delivery of thisAgreement by Grantee, or for the performance by Grantee of his obligations hereunder. ThisAgreement has been executed and delivered by and is legal, valid and binding upon Grantee andenforceable against Grantee in accordance with its terms.          7.2 No Breach or Default. Neither the execution and delivery of this Agreement by Grantee northe performance by Grantee of his obligations hereunder will: (i) violate any law or regulationapplicable to Grantee; (ii) conflict with or result in the breach of any of the terms or conditionsof or constitute a default under any contract, instrument, document, agreement or other arrangementwhich Grantee is a party or by which Grantee or any of his properties is bound or affected; (iii)result in the creation or imposition of any lien upon any of the property of Grantee; or (iv)require the consent or approval of, or any filing with, any governmental body, agency, authority orany other party (other than those which have been obtained on or before the date hereof).          7.3 Indemnification by Grantor. Grantor agrees to indemnify and save and hold Granteeharmless, to the fullest extent permitted by law, from and against and to promptly pay andreimburse him for any and all liabilities, demands, claims, actions, or causes of action,assessments, losses, costs, damages or expenses whatsoever, including reasonable attorneys’ feessustained or incurred by Grantee, resulting from or arising out of or by virtue of anymisrepresentation or breach of any representation or warranty or resulting from or arising out ofor by virtue of noncompliance with or breach by Grantor of any of the covenants of this Agreementto be performed by Grantor or otherwise related to, arising out of, or in connection with anyinquiry, action, claim or proceeding (including without limitation any governmental proceeding orinvestigation) brought or asserted by any person or entity related to, arising out of, or inconnection with the execution, delivery, and performance of this Agreement.     8. **Miscellaneous**.          8.1 Entire Agreement. This Agreement and the Warrant are intended by the parties hereto as afinal expression of, and constitute the entire and exclusive agreement as to, the subject matterhereof between the parties, supersede any other prior written agreements and prior orcontemporaneous unwritten agreements, understandings, inducements, representations and conditions,expressed or implied, whether written or oral, that may have been made or entered into by theparties hereto relating to the matters contemplated hereby.          8.2 Assignment. This Agreement shall be binding upon and inure to the benefit of the partieshereto and their respective legal representatives, successors and assigns, provided, however, thatGrantor shall not assign or otherwise transfer any of its rights or obligations hereunder withoutthe prior written consent of Grantee.          8.3 Amendment. Except as otherwise provided herein, no amendment, modification, termination orwaiver of any provision of this Agreement, or consent to any departure by any party therefrom,shall in any event be effective unless the same shall be in writing and signed by the partieshereto. Each amendment, modification, termination or waiver shall be effective only in the specificinstance and for the specific purpose for which it was given. Any amendment, modification,termination, waiver or consent effected in accordance with this Section shall be binding upon theparties hereto.
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          8.4 Severability. This Agreement shall be interpreted in such a way as to be fully effectiveand valid under applicable law. If any provision of this Agreement shall be held or deemed to be orshall in fact be inoperative or unenforceable as applied in any particular case in any jurisdictionor jurisdictions, or in all cases because it conflicts with any other provision or provisionshereof or any constitution or statute or rule of public policy, or for any other reason, suchcircumstance shall not have the effect of rendering the provision in question inoperative orunenforceable in any other case or circumstance, or of rendering any other provision or provisionsherein contained invalid, inoperative or unenforceable to any extent whatever. Upon thedetermination that any term or other provision of this Agreement is invalid, illegal or incapableof being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so asto effect the original intent of the parties as closely as possible in an acceptable manner to theend that the transactions contemplated hereby are fulfilled to the maximum extent possible.          8.5 Counterparts. This Agreement may be executed in two or more counterparts, each of whichshall be deemed an original and all of which together shall constitute one and the same instrument,and a facsimile of a signature shall be deemed to be the same, and equally enforceable, as anoriginal of such signature.          8.6 Governing Law. This Agreement shall be governed by and enforced in accordance with, theinternal laws of the State of California, without regard to principles of conflicts of law.*               *               *                    **IN WITNESS WHEREOF**, this Agreement has been executed and delivered by the parties hereto as ofthe day and year first above written.      **GRANTEE:** **GRANTOR:**       **Hamni Financial Corporation**