Document:

EX-4.1

 Exhibit 4.1 
 Form of Further 2013 Extension Warrant 
 THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE
SECURITIES ACT (AS DEFINED HEREIN), OR UNDER ANY STATE SECURITIES LAWS, IN RELIANCE UPON EXEMPTIONS FROM REGISTRATION FOR NON-PUBLIC OFFERINGS. THIS SECURITY MAY ONLY BE SOLD OR OTHERWISE TRANSFERRED TO A “PERMITTED TRANSFEREE” (AS DEFINED
HEREIN) OR PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR IN A TRANSACTION EXEMPT FROM THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS. 

 

			
	Issue Date: June [—], 2013	 	 Warrant No.:             

 STEREOTAXIS, INC. 
 COMMON STOCK PURCHASE WARRANT 
 TO PURCHASE SHARES OF

 COMMON STOCK, $0.001 PAR VALUE PER SHARE 
 This is to certify that, FOR VALUE RECEIVED,
                                        
(“Warrantholder”), is entitled to purchase, subject to the provisions of this Common Stock Purchase Warrant (“Warrant”), from Stereotaxis, Inc., a corporation organized under the laws of Delaware
(“Company”), at any time and from time to time on or after the Issue Date above, but not later than 5:00 P.M., St. Louis, Missouri time, on June [—], 2018 (the “Expiration
Date”), [            ]1 shares (“Warrant Shares”) of Common Stock, $0.001 par value (“Common Stock”), of the Company, at an
exercise price per share equal to $[—] (the exercise price in effect from time to time hereafter being herein called the “Warrant Price”). The number of Warrant Shares purchasable
upon exercise of this Warrant and the Warrant Price shall be subject to adjustment from time to time as described herein. 
 This Warrant has been issued pursuant to the terms of the Note and Warrant Purchase Agreement, dated February 21, 2008, amended by the First Amendment to Note and Warrant Purchase Agreement, made
effective as of December 29, 2008, the Second Amendment to Note and Warrant Purchase Agreement, dated as of October 9, 2009, the Third Amendment to Note and Warrant Purchase Agreement, dated as of November 10, 2010, the Fourth
Amendment to Note and Warrant Purchase Agreement, dated as of March 30, 2012, the Fifth Amendment to Note and Warrant Purchase Agreement, dated as of May 1, 2012, the Sixth Amendment to Note and Warrant Purchase Agreement, dated as of
May 7, 2012, the Seventh Amendment to Note and 
  

	1 	 For each Lender, insert Committed Funds x 2.5%)/ Extension Exercise Price. 

  
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Warrant Purchase Agreement dated as of March 29, 2013, and the Eighth Amendment (the “Eight Amendment”) of even date herewith (as amended, the “Purchase
Agreement”) by and among the Company, the Warrantholder and the other lenders set forth therein. Capitalized terms used herein and not defined shall have the meaning specified in the Purchase Agreement. 

1. Registration. The Company shall maintain books for the transfer and registration of the Warrant. Upon the initial issuance of
the Warrant, the Company shall issue and register the Warrant in the name of the Warrantholder. 
 2. Transfers. As
provided herein, this Warrant may be transferred only pursuant to a registration statement filed under the Securities Act of 1933, as amended (the “Securities Act”), or an exemption from registration thereunder. Subject to such
restrictions, the Company shall transfer this Warrant from time to time, upon the books to be maintained by the Company for that purpose, upon surrender hereof for transfer properly endorsed or accompanied by appropriate instructions for transfer
upon any such transfer, and a new Warrant shall be issued to the transferee and the surrendered Warrant shall be canceled by the Company. References to Warrantholder or holder shall include any such transferee. 

3. Exercise of Warrant. The Warrantholder may exercise this Warrant to purchase the Warrant Shares, in whole or in part, at any
time and from time to time on and after the Issue Date and before the Expiration Date upon surrender of the Warrant, together with delivery of the duly executed Warrant exercise form attached hereto (the “Exercise Agreement”) (which
may be by fax or portable document format (pdf) delivered by email), to the Company during normal business hours on any business day at the Company’s principal executive offices (or such other office or agency of the Company as it may designate
by notice to the holder hereof), and upon payment to the Company in cash, by certified or official bank check or by wire transfer for the account of the Company of the Warrant Price for the Warrant Shares specified in the Exercise Agreement. The
Warrant Shares so purchased shall be deemed to be issued to the holder hereof or such holder’s designee, as the record owner of such shares, as of the close of business on the date on which the completed Exercise Agreement shall have been
delivered to the Company (or such later date as may be specified in the Exercise Agreement). Certificates for the Warrant Shares so purchased, representing the aggregate number of shares specified in the Exercise Agreement, shall be delivered to the
holder hereof within a reasonable time, not exceeding five (5) business days, after this Warrant shall have been so exercised. The certificates so delivered shall be in such denominations as may be requested by the holder hereof and shall be
registered in the name of such holder or such other name as shall be designated by such holder. If this Warrant shall have been exercised only in part, then, unless this Warrant has expired, the Company shall, at its expense, at the time of delivery
of such certificates, deliver to the holder a new Warrant representing the number of shares with respect to which this Warrant shall not then have been exercised. 

  
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 4. Cashless Exercise. (a) The Warrantholder may, at its election exercised in
its sole discretion, exercise this Warrant and, in lieu of making the cash payment otherwise contemplated to be made to the Company upon such exercise in payment of the Warrant Price for the Warrant Shares specified in the Exercise Agreement, elect
instead to receive upon such exercise the “Net Number” of shares of Common Stock determined according to the following formula (a “Cashless Exercise”): 

 

									
		 	Net Number	 	=	 	(A x B) - (A x C)	  	
		 		 		 	             B	  	

 For purposes of the foregoing formula: 

A = the total number of shares with respect to which this Warrant is then being exercised. 

B = the Closing Price of the Common Stock on NASDAQ on the Trading Day immediately preceding the date of the Exercise Notice. 

C = the Warrant Price then in effect for the applicable Warrant Shares at the time of such exercise. 

(b) Certain Definitions. 
 “Trading Day” shall mean a day on which the principal national securities exchange on which the Common Stock is listed or admitted to trading is open for business. 

“Closing Price” with respect to Common Stock on any day means the reported last sales price regular way on The NASDAQ
Global Select Market (“NASDAQ”), or, if no such reported sale occurs on such day, the average of the closing bid and asked prices regular way on such day, in each case as reported in the principal consolidated transaction reporting
system with respect to securities listed on the principal national securities exchange on which such class of security is listed or admitted to trading as reported by NASDAQ or any comparable system then in use or, if not so reported, as reported by
any New York Stock Exchange member firm reasonably selected by the Company for such purpose. 
 5. Compliance with the
Securities Act. Neither this Warrant nor the Common Stock issued upon exercise hereof nor any other security issued or issuable upon exercise of this Warrant may be offered or sold except as provided in this Warrant and in conformity with the
Securities Act, and then only against receipt of an agreement of such person to whom such offer of sale is made to comply with the provisions of this Section 5 with respect to any resale or other disposition of such security. The Company may
cause the legend set forth on the first page of this Warrant to be set forth on each Warrant or similar legend on the Warrant Shares or any other security issued or issuable upon exercise of this Warrant until the Warrant Shares have been registered
for resale, unless counsel for the Company is of the opinion as to any such security that such legend is unnecessary. 
 6.
Payment of Taxes. The Company will pay any documentary stamp taxes attributable to the initial issuance of Warrant Shares issuable upon the exercise of the Warrant; provided, however, that the Company shall not be required to pay any tax or
taxes which may be payable in respect of any transfer involved in the issuance or delivery of any certificates for Warrant Shares in a name other than that of the registered holder of this Warrant in respect of which such shares are issued. The
holder shall be responsible for income taxes due under federal or state law, if any such tax is due. 

  
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 7. Mutilated or Missing Warrants. In case this Warrant shall be mutilated, lost,
stolen, or destroyed, the Company shall issue in exchange and substitution of and upon cancellation of the mutilated Warrant, or in lieu of and substitution for the Warrant lost, stolen or destroyed, a new Warrant of like tenor and for the purchase
of a like number of Warrant Shares, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction of the Warrant, and with respect to a lost, stolen or destroyed Warrant, reasonable indemnity or bond
with respect thereto, if reasonably requested by the Company. 
 8. Warrant Price. The Warrant Price, subject to
adjustment as provided in Section 9 hereof, shall, if payment is made in cash or by certified check, be payable in lawful money of the United States of America. 
 9. Adjustment of Warrant Exercise Price and Number of Shares. If the Company at any time after the date of issuance of this Warrant subdivides (by any stock split, stock dividend, recapitalization
or otherwise) one or more classes of its outstanding shares of Common Stock into a greater number of shares, the Warrant Price in effect immediately prior to such subdivision will be proportionately reduced and the number of shares of Common Stock
obtainable upon exercise of this Warrant will be proportionately increased. If the Company at any time after the date of issuance of this Warrant combines (by combination, reverse stock split or otherwise) one or more classes of its outstanding
shares of Common Stock into a smaller number of shares, the Warrant Price in effect immediately prior to such combination will be proportionately increased and the number of shares of Common Stock obtainable upon exercise of this Warrant will be
proportionately decreased. Any adjustment under this Section 9 shall become effective at the close of business on the date the subdivision or combination becomes effective. 

10. Replacement Warrants. The Company agrees that after any request from time to time of the Warrantholder and within ten
(10) business days upon the Company’s receipt of this Warrant, the Company shall deliver to such holder a new Warrant in substitution of this Warrant which is identical in all respects except that the then Warrant Price shall be
appropriately specified in the Warrant, and the Warrant shall specify the fixed number of Warrant Shares into which this Warrant is then exercisable. Such changes are intended not as amendments to the Warrant but only as clarification of the
adjustment in the preceding Section for convenience purposes, and such adjustments shall not affect any provisions concerning adjustments to the Warrant Price or number of Warrant Shares contained herein. 

11. Fractional Interest. The Company shall not be required to issue fractions of Warrant Shares upon the exercise of the Warrant.
If any fraction of a Warrant Share would, except for the provisions of this Section, be issuable upon the exercise of the Warrant (or specified portions thereof), the Company shall round such calculation to the nearest whole number and disregard the
fraction. 
 12. Benefits. Nothing in this Warrant shall be construed to give any person, firm or corporation (other
than the Company and the Warrantholder) any legal or equitable right, remedy or claim, it being agreed that this Warrant shall be for the sole and exclusive benefit of the Company and the Warrantholder. 

  
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 13. Notices to Warrantholder. Upon the happening of any event requiring an
adjustment of the Warrant Price, the Company shall forthwith give written notice thereof to the Warrantholder at the address appearing in the records of the Company, stating the adjusted Warrant Price and the adjusted number of Warrant Shares
resulting from such event and setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based. In the event of a dispute with respect to any such calculation, the certificate of the Company’s
independent certified public accountants shall be conclusive evidence of the correctness of any computation made, absent manifest error. Failure to give such notice to the Warrantholder or any defect therein shall not affect the legality or validity
of the subject adjustment. 
 14. Identity of Transfer Agent. The Transfer Agent for the Common Stock is Broadridge.
Forthwith upon the appointment of any subsequent transfer agent for the Common Stock or other shares of the Company’s capital stock issuable upon the exercise of the rights of purchase represented by the Warrant, the Company will fax to the
Warrantholder a statement setting forth the name and address of such transfer agent. 
 15. Notices. Any notice pursuant
hereto to be given or made by the Warrantholder to or on the Company shall be sufficiently given or made if delivered personally or by facsimile or if sent by an internationally recognized courier, addressed as follows: 

Stereotaxis, Inc. 
 4320 Forest Park Avenue, Suite 100 
 St. Louis, Missouri 63108 

Fax: (314) 678-6110 
 Attention: Chief Financial Officer 
 or such other address as the Company may specify in writing
by notice to the Warrantholder complying as to delivery with the terms of this Section 15. 
 Any notice pursuant hereto to be given or
made by the Company to or on the Warrantholder shall be sufficiently given or made if personally delivered, if sent by facsimile or if sent by an internationally recognized courier service by overnight or two-day service, to the address set forth on
the books of the Company or, as to each of the Company and the Warrantholder, at such other address as shall be designated by such party by written notice to the other party complying as to delivery with the terms of this Section 15.

 All such notices, requests, demands, directions and other communications shall, when sent by courier, be effective two (2) days after
delivery to such courier as provided and addressed as aforesaid. All faxes shall be effective upon receipt. 
 16.
Registration Rights. The holder of this Warrant is entitled to the benefit of certain registration rights in respect of the Warrant Shares as provided in the Eighth Amendment. 

  
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 17. Successors. Subject to the restrictions on transfer described in Section 20
below, all the covenants and provisions hereof by or for the benefit of the Warrantholder shall bind and inure to the benefit of its respective successors and assigns hereunder. 

18. Governing Law. This Warrant shall be deemed to be a contract made under the laws of the State of Delaware, without giving
effect to its conflict of law principles, and for all purposes shall be construed in accordance with the laws of said State. 

19. Absolute Obligation to Issue Warrant Shares. The Company’s obligations to issue and deliver Warrant Shares in accordance
with the terms hereof are absolute and unconditional, irrespective of any action or inaction by the holder hereof to enforce the same, any waiver or consent with respect to any provision hereof, the recovery of any judgment against any person or
entity or any action to enforce the same, or any setoff, counterclaim, recoupment, limitation or termination, or any breach or alleged breach by the holder hereof or any other Person of any obligation to the Company or any violation or alleged
violation of law by the holder or any other Person, and irrespective of any other circumstance which might otherwise limit such obligation of the Company to the holder hereof in connection with the issuance of Warrant Shares. The Company will at no
time close its shareholder books or records in any manner which interferes with the timely exercise of this Warrant. 
 20.
Assignment, etc. The Warrantholder agrees that in no event will it make a transfer or disposition of any of this Warrant or the Warrant Shares (other than pursuant to an effective registration statement under the Securities Act), unless and
until (i) it shall have notified the Company of the proposed disposition and shall have furnished the Company with a statement of the circumstances surrounding the disposition and assurance that the proposed disposition is in compliance with
all applicable laws, and (ii) if reasonably requested by the Company, at the expense of such Warrantholder or its transferee, it shall have furnished to the Company an opinion of counsel, reasonably satisfactory to the Company, to the effect
that such transfer may be made without registration under the Securities Act. Notwithstanding the foregoing, no formal notice or opinion of counsel shall be required for the transfer by an Warrantholder to any of the following (each, a
“Permitted Transferee”): (x) any partner of a Warrantholder or to a retired partner of a Warrantholder, who retires after the date of this Warrant, (y) the estate of any such partner or a retired partner or for the
transfer by gift, will or intestate succession of any partner to his spouse or lineal descendants or ancestors or (z) any entity which is a wholly-owned subsidiary of the Warrantholder or which is under common control with the Warrantholder;
provided, however, in all cases where no legal opinion is required that the transferee shall agree in writing to be subject to the terms of this Warrant to the same extent as if it were the original Warrantholder hereunder. 

  
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 IN WITNESS WHEREOF, the Company has caused this Common Stock Purchase Warrant to be duly
executed as of the date first written above. 
  

			
	STEREOTAXIS, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  
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 STEREOTAXIS, INC. 

WARRANT EXERCISE FORM 

Stereotaxis, Inc. 
 4320 Forest Park Avenue,
Suite 100 
 St. Louis, Missouri 63108 

Fax: (314) 678-6110 
 Attention: Chief
Financial Officer 
 This undersigned hereby irrevocably elects to exercise the right of purchase represented by the Common Stock Purchase
Warrant (“Warrant”) for, and to purchase thereunder              shares of Common Stock (“Warrant Shares”) provided for therein, and requests that
certificates for the Warrant Shares be issued as follows: 
  

							
		 	Name:	 	  
	 	
		 	Address:	 	  
	 	
		 		 	  
	 	
		 		 	  
	 	

 and, if the number of Warrant Shares shall not be all the Warrant Shares purchasable upon exercise of the Warrant, that a
new Warrant for the balance of the Warrant Shares. 
  

							
		 	Dated:	 	  
	 	
				
		 	Signature:	 	  
	 	
				
		 	Print Name:	 	  
	 	

  

					
	Address:	 	  
	 	
		 	  
	 	
		 	  
	 	

  
 8EX-10.2

 Exhibit 10.2 
 CEO EMPLOYMENT AGREEMENT 
 This CEO Employment Agreement (the “Agreement”), dated
May 31, 2013, is between BBCN Bancorp, Inc. (the “Company”) and Kevin S. Kim, an individual residing at La Canada, California (“Executive”). 
 It is the intent of the Company to comply with all laws and regulations, now in effect or which are passed during the term of this agreement. Each party agrees that any modification required by any law or
regulation is agreed to at execution. 
 1. POSITION AND RESPONSIBILITIES 

a. Position. Executive is employed by the Company to render services to the Company in the position of President and Chief
Executive Officer. Executive shall report to the Board of Directors of the Company. Executive shall perform such duties and responsibilities as are normally assigned to such position in accordance with the standards of the industry and any
additional duties now or hereafter assigned to Executive by the Board of Directors. Executive shall abide by the rules, regulations, and practices as adopted or modified from time to time in the Company’s sole discretion. Executive will be
based out of the Company’s main office, currently located in Los Angeles, and acknowledges that travel to other locations will be necessary. Executive shall devote his entire working time, energy and attention, to the best of Executive’s
abilities and using Executive’s best efforts, to the business and affairs of the Company and its affiliates. 
 b. Other
Activities. Except upon the prior written consent of the Company, Executive shall not, during the Term of this Agreement, (i) accept any other employment, or (ii) engage, directly or indirectly, in any other business activity (whether
or not pursued for pecuniary advantage) that might interfere with Executive’s duties and responsibilities hereunder or create a conflict of interest with the Company. 
 c. No Conflict. Executive represents and warrants that Executive’s execution of this Agreement, Executive’s employment with the Company, and the performance of Executive’s proposed
duties under this Agreement shall not violate any obligations with respect to proprietary or confidential information of any other person or entity. 
 d. Regulatory Approvals. This Agreement shall be subject to the receipt of all necessary regulatory approvals, waivers or consents (if applicable), including, but not limited to, the receipt of all
necessary approvals, waivers or consents of BBCN Bank’s regulators (if applicable), as well as the satisfactory completion of all necessary background checks. 

 2. COMPENSATION AND BENEFITS 

a. Base Salary. In consideration of the services to be rendered under this Agreement, the Company shall pay Executive a salary at
the rate of Four Hundred and Fifty Thousand Dollars ($450,000) per year (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s regularly established payroll practice. Executive’s Base Salary will be
reviewed and may be adjusted in the sole discretion of the Company, as directed by the Board of Directors of the Company. 

b. Equity. The Executive shall receive 20,000 performance units, vesting equally over three (3) years (1/3 annually on each
anniversary of the grant date). Executive’s entitlement to any performance units which have been, or may in the future be approved are conditioned upon Executive’s signing of the Performance Unit Agreement and is subject to its terms and
the terms of the Equity Plan under which the performance units are granted, including vesting requirements. The performance requirement shall include at a minimum a “meets expectations” on the annual employee evaluation. 

c. Bonus. Executive shall be considered for an annual cash bonus within the complete discretion of the Board of Directors.

 d. Benefits. Executive will be eligible to participate in any life insurance benefits as well as vacation, sick leave,
medical, dental, vision, disability, 401K, ESOP, and other employee benefits plans of Company normally provided to other executive officers of Company. 
 e. Car Allowance. Company shall provide Executive with a car allowance of $1,450 a month. 
 f. Club Membership. Company shall reimburse Executive for initiation and monthly membership fees to: 1) the Jonathan Club or the California Club (“Social Club”), to be selected by the
Executive and 2) a country club of his choice (“Country Club”). Company will also reimburse reasonable Company business related expenses incurred at the Social Club and the Country Club, under the provisions of Section 2(g) of this
Agreement. The Company’s understanding is that (i) the Social Club membership must be in the name of the Executive; and (ii) the Country Club membership shall be in the name of the Company unless the Country Club does not offer a
corporate membership. If no corporate membership is available, then the Country Club membership shall be in the name of the Executive. Accordingly, if and only if Executive is terminated for Cause, pursuant to Section 4(a) below, during the
Term of the Agreement; Executive will agree to reimburse Company for the cost of the initiation fees to the Social Club and Country Club (if in the name of the Executive) in a timely manner. If the Country Club membership is in the name of the
Company, it will remain an asset of the Company, and no reimbursement of the initiation fee will be required. 
 g.
Expenses. The Company shall reimburse Executive for reasonable Company business expenses incurred in the performance of Executive’s duties hereunder in accordance with the Company’s CEO Bonus and Expense Reimbursement Policy.

  
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 3. AT-WILL EMPLOYMENT; TERMINATION BY COMPANY 

a. Term. The Term of this Agreement shall be three (3) years (“Term” or “Initial Term”) and shall commence
on March 6, 2013. If the Agreement is not extended by action of the Board beyond the Term of three years, and the Executive continues as CEO, he will be subject solely to the policies and procedures of the Company. 

b. At-Will Termination by Company. The employment of Executive shall be “at-will” at all times. The Company may terminate
Executive’s employment with the Company at any time, without any advance notice, with or without cause, for any reason or no reason at all, notwithstanding anything to the contrary contained in or arising from any statements, policies or
practices of the Company relating to the employment, discipline or termination of its employees. Upon and after such termination, all obligations of the Company under this Agreement shall cease except for those obligations required by this
Agreement. 
 c. Severance. Except in situations where the employment of Executive is terminated For Cause, By Death, By
Disability (as defined in Section 4 below), or as part of a Change in Control (as defined in Section 8 below), in the event that the Company terminates the employment of Executive during the Initial Term, Executive will be eligible
to receive an amount equal to twelve (12) months of the then-current Base Salary of the Executive payable in one lump-sum (i.e. in the first year of the Agreement the combined severance amount would be $450,000), less applicable state and
federal withholdings. Except in the situations where the employment of Executive is terminated For Cause, By Death or By Disability, or where this Agreement is renewed or extended by Company, in the event the Company terminates the employment of
Executive at any time after the Initial Term, Executive will be eligible to receive an amount equal to three (3) months of the then-current Base Salary of the Executive payable in one lump-sum (i.e. a combined severance amount not
exceeding $112,500, based on the first year Base Salary), less applicable state and federal withholdings. Executive’s eligibility for severance is conditioned on Executive having first signed a release agreement in the form attached as
Exhibit A. Executive shall not be entitled to any severance payments if Executive’s employment is terminated For Cause, By Death or By Disability or if Executive’s terminates his own employment (in accordance with Section 5
below). 
 d. Delay of Payment. Nothwithstanding any provision to the contrary in this Agreement, if the Executive is
deemed on the date of termination to be a “specified employee” within the meaning of that term under Code Section 409A(a)(2)(B) of the Internal Revenue Code of 1986, as amended (the “Code”), then with regard to any payment
of the provision of any benefit that is required to be delayed in compliance with Code Section 409A(a)(2)(B), such payment or benefit shall not be made or provided prior to the earlier of (i) the expiration of the six (6) month period
measured from the date of Executive’s “separation of service (as such term is defined under Code Section 409A) or (ii) the date of Executive’s death (collectively, the “Delay Period”). Upon expiration of the Delay
Period, all payments and benefits delayed pursuant to this section (whether they would have otherwise been payable in a single sum or in installments in the absence of such delay) shall be paid or reimbursed to the Executive immediately in a lump
sum less applicable withholding, and any remaining payments and benefits due under this Agreement shall be paid or provided in accordance with the normal payment dates specified herein. 

  
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 4. OTHER TERMINATIONS BY COMPANY 

a. Termination for Cause. For purpose of this Agreement, “For Cause” shall mean: (i) Executive is convicted of a
felony or commits a crime involving dishonesty, breach of trust, or physical harm to any person; (ii) Executive willfully engages in conduct that is in bad faith and materially injurious to the Company, including but not limited to,
misappropriation of trade secrets, fraud or embezzlement; (iii) Executive commits a material breach of this Agreement, which breach is not cured within twenty days after written notice to Executive from the Company; (iv) Executive
willfully refuses to implement or follow a lawful policy or directive of the Company, or (v) Executive engages in misfeasance or malfeasance demonstrated by a pattern of failure to perform job duties diligently and professionally. The Company
may terminate Executive’s employment For Cause at any time, without any advance notice, except as provided above. The Company shall pay to Executive (i) any Base Salary to which Executive is entitled up through the date of termination, and
(ii) accrued but unused vacation pay to which Executive is entitled up through the date of termination, subject to any other rights or remedies of the Company under law; and thereafter all obligations of the Company under this Agreement shall
cease. 
 b. By Death. Executive’s employment shall terminate automatically upon Executive’s death. The Company
shall pay to Executive’s beneficiaries or estate, as appropriate, (i)any Base Salary to which Executive is entitled up through the date of Death; (ii) accrued but unused vacation pay then due and owing. Thereafter, all obligations of the
Company under this Agreement shall cease. Nothing in this Section shall affect any accrued entitlement of Executive’s heirs or devisees to the benefits of any life insurance plan or other applicable benefits. 

c. By Disability. If Executive becomes eligible for the Company’s long-term disability benefits or if, in the sole opinion of
the Company, Executive is unable to carry out the responsibilities and functions of the position held by Executive by reason of any physical or mental impairment for more than sixty (60) consecutive days or more than ninety (90) days in
any twelve-month period then, to the extent permitted by law, the Company may terminate Executive’s employment. The Company shall pay to Executive (i) any Base Salary to which Executive is entitled up through the date of termination, and
(ii) accrued but unused vacation pay, to which Executive is entitled up through the date or termination, and thereafter all obligations of the Company under this Agreement shall cease. Nothing in this Section shall affect Executive’s
rights under any disability plan in which Executive is a participant. 
 5. TERMINATION BY EXECUTIVE 

    At-Will/ Voluntary Termination by Executive. Executive may terminate employment with the Company at any
time for any reason or no reason at all, i.e. at will, upon twelve (12) weeks’ advance written notice to the Board. During such notice period Executive shall continue to diligently perform all of Executive’s duties hereunder. The
Company shall have the option, in its sole discretion, to make Executive’s termination effective at any time prior to the end of such notice period as long as the Company pays Executive the Base Salary to which Executive is

  
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entitled up through the last day of the twelve week notice period. Thereafter all obligations of the Company shall cease. Executive shall not be entitled to any separation or severance pay if
Executive terminates his employment with the Company. 
 6. TERMINATION OBLIGATIONS 

a. Return of Property. Executive agrees that all property (including, without limitation, all equipment, tangible proprietary
information, documents, records, notes, contracts, emails and Board and Committee materials and computer-generated materials) furnished to or created or prepared by Executive incident to Executive’s employment belongs to the Company and shall
be promptly returned to the Company upon termination of Executive’s employment for any reason. 
 b. Cooperation by
Executive. Upon termination of Executive’s employment, Executive shall be deemed to have resigned from all offices then held with the Company, except for the directorship. Following any termination of employment, Executive shall cooperate
with the Company in the winding up of pending work on behalf of the Company and the orderly transfer of work to other employees. Executive shall also cooperate with the Company in the defense of any action brought by any third party against the
Company that relates to Executive’s employment by the Company. 
 7. PROPRIETARY INFORMATION; PROHIBITION ON THIRD PARTY
INFORMATION 
 a. Proprietary Information and Confidentiality. As a condition of Executive’s employment,
Executive will hold all Company’s confidential and proprietary information in confidence and will not disclose, use, copy, publish, summarize, or remove from the premises of the Company any proprietary or confidential information, except as is
necessary to carry out his assigned responsibilities as a Company employee. “Confidential” and “Proprietary” Information shall have the meaning described in the Company’s Code of Ethics and Business Conduct, and shall
include, but are not limited to, all information related to any aspect of the business of the Company which is either information not known by actual or potential competitors of the Company or is proprietary information of the Company, whether of a
technical nature or otherwise. Such information includes promotional methods, marketing plans, lists of customer names and information or personnel lists of suppliers, business plans, business opportunities, or financial statements. 

b. Non-Solicitation. Executive acknowledges that, because of Executive’s position in the Company, Executive will have access
to material intellectual property and confidential information. During the Term of Executive’s employment and for one year thereafter, in addition to Executive’s other obligations hereunder, Executive shall not, for Executive or any third
party, directly or indirectly use the Company’s Confidential or Proprietary Information to (a) divert or attempt to divert from the Company any business of any kind, including, without limitation, the solicitation of or interference with
any of its customers, clients, business partners or suppliers, or (b) solicit or otherwise induce any person employed by the Company to terminate his or her employment with Company and/or to follow Executive to a new 

  
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Company. If Executive fails in his obligations to the Company under this provision, Executive shall be liable for money damages and may be subject to a cease and desist order, as well as any
other remedies available to the Company under applicable law. 
 c. Non-Disclosure of Third Party Information. Executive
represents, warrants and covenants that Executive shall not disclose to the Company, or use, or induce the Company to use, any proprietary information or trade secrets of others at any time including, but not limited to any proprietary information
or trade secrets of any former employer, if any. Executive acknowledges and agrees that any violation of this provision shall be grounds for Executive’s immediate termination and could subject Executive to substantial civil liabilities and
criminal penalties. Executive further specifically and expressly acknowledges that no officer or other employee or representative of the Company has requested or instructed Executive to disclose or use any such third party proprietary information or
trade secrets. 
 8. CHANGE IN CONTROL 
 a. Generally. Executive understands and acknowledges that Company may be merged or consolidated with or into another entity and that such entity shall automatically be subject to the rights
and obligations of Company hereunder. 
 b. Occurrence of a Change in Control. If there is a Change in Control (as
defined below) during the initial term of Agreement, and any of the following events occur, in addition to any monies already owed under this Agreement, the Company will pay Executive one (1) year of Base Salary and all unvested performance
units will automatically vest: 
  

	 	(i)	Executive is involuntarily terminated without Cause within twelve (12) months following the date of such Change in Control, but within the initial term of the
Agreement; or 

  

	 	(ii)	Executive terminates voluntarily with Good Reason (as defined below) within twelve (12) months following the date of such Change in Control, but within the initial
term of the Agreement. 

 For purposes of this Section 8 b, the date of a Change in Control will be closing date of such
transactions described below in Section 8 c. 
 c. A “Change in Control” shall mean: 

(i) The consummation of a merger or consolidation of Company with or into another entity or any other corporate reorganization, if
more than fifty percent (50%) of the combined voting power of the continuing or surviving entity’s securities outstanding immediately after such merger, consolidation or other reorganization is owned by persons who were not stockholders of
Company immediately prior to such merger, consolidation or other reorganization; 
 (ii) The sale, transfer or other
disposition of all or substantially all of the Company’s assets; or 

  
 6 

 (iii) Any transaction as a result of which any person is the “beneficial
owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of Company representing at least fifty percent (50%) of the total voting power represented by Company’s then outstanding voting
securities. For purposes of this Paragraph (iv), the term “person” shall have the same meaning as when used in Sections 13(d) and 14(d) of the Exchange Act but shall exclude: (x) A trustee or other fiduciary holding securities under
an employee benefit plan of Company or a subsidiary of Company; and (y) A corporation owned directly or indirectly by the stockholders of Company in substantially the same proportions as their ownership of the common stock of Company.

 A transaction shall not constitute a Change in Control if its sole purpose is to change the state of Company’s
incorporation or to create a holding company that will be owned in substantially the same proportions by the persons who held Company’s securities immediately before such transactions. 

d. Good Reason shall mean the occurrence during the Term of this Agreement of any of the following: 

(i) a material reduction in Executive’s duties and/or responsibilities without regard to any title given to Executive by the Company
or any successor company; 
 (ii) a requirement by the Company or any successor company, without Executive’s consent, that
Executive relocate to a location greater than fifty (50) miles from Executive’s place of residence; or 
 (iii) a
material breach of the Agreement by the Company or any successor company which is not cured by the Company or any successor company within thirty (30) days following the Company’s receipt of written notice by Executive to the Company
describing such alleged breach. 
 e. Notice. Executive must be notified in writing by Company at any time if a Change in
Control becomes likely or probable. 
 f. Delay of Payment. Nothwithstanding any provision to the contrary in this
Agreement, if the Executive is deemed on the date of termination to be a “specified employee” within the meaning of that term under Code Section 409A(a)(2)(B) of the Internal Revenue Code of 1986, as amended (the “Code”),
then with regard to any payment of the provision of any benefit that is required to be delayed in compliance with Code Section 409A(a)(2)(B), such payment or benefit shall not be made or provided prior to the earlier of (i) the expiration
of the six (6) month period measured from the date of Executive’s “separation of service (as such term is defined under Code Section 409A) or (ii) the date of Executive’s death (collectively the “Delay
Period”). Upon expiration of the Delay Period, all payments and benefits delayed pursuant to this section (whether they would have otherwise been payable in a single sum or in installments in the absence of such delay) shall be paid or
reimbursed to the Executive immediately in a lump sum less applicable withholding, and any remaining payments and benefits due under this Agreement shall be paid or provided in accordance with the normal payment dates specified herein. 

  
 7 

 9. RECOUPMENT POLICY 
 Executive hereby understands and agrees that the Executive is subject to the Company’s recoupment policy. Under the current policy applicable to the Company’s senior executives, subject to the
discretion and approval of the Board, the Company may, to the extent permitted by governing law, require reimbursement and/or cancellation of any bonus or other incentive compensation, including stock-based compensation, awarded to the Executive
where all of the following factors are present: (a) the award was predicated upon the achievement of certain financial results that were subsequently the subject of a material restatement, (b) the Board determines that the Executive
engaged in fraud or intentional misconduct that was a substantial contributing cause to the need for the restatement, and (c) a lower award would have been made to the Executive based upon the restated financial results. In each instance, the
Company may seek to recover the Executive’s entire annual bonus payment and gain from such incentive or stock-based compensation received by the Executive within the relevant period, plus a reasonable rate of interest. 

10. ARBITRATION 

Executive agrees to sign and be bound by the terms of the Arbitration Agreement and which shall supersede any previous Arbitration Agreement, which is
attached as Exhibit B. 
 11. AMENDMENTS; WAIVERS; REMEDIES 

This Agreement may not be amended or waived except by a writing signed by Executive and by a duly authorized representative of the Board of Directors.
Failure to exercise any right under this Agreement shall not constitute a waiver of such right. Any waiver of any breach of this Agreement shall not operate as a waiver of any subsequent breaches. All rights or remedies specified for a party herein
shall be cumulative and in addition to all other rights and remedies of the party hereunder or under applicable law. 
 12.
ASSIGNMENT; BINDING EFFECT 
 a. Assignment. The performance of Executive is personal hereunder, and Executive agrees
that Executive shall have no right to assign and shall not assign or purport to assign any rights or obligations under this Agreement. This Agreement may be assigned or transferred by the Company and nothing in this Agreement shall prevent the
consolidation, merger or sale of the Company or a sale of any or all or substantially all of its assets. 
 b. Binding
Effect. Subject to the foregoing restriction on assignment by Executive, this Agreement shall inure to the benefit of and be binding upon each of the parties, the affiliates, officers, directors, agents, successors and assigns of the Company,
and the heirs, devisees, spouses, legal representatives and successors of Executive. 

  
 8 

 13. NOTICES 
 All notices or other communications required or permitted hereunder shall be made in writing and shall be deemed to have been duly given if delivered: (a) by hand; (b) by a nationally recognized
overnight courier service; or (c) by United States first class registered or certified mail, return receipt requested, to the principal address of the other party, as set forth below. The date of notice shall be deemed to be the earlier of
(i) actual receipt of notice by any permitted means, or (ii) two business days following dispatch by overnight delivery service or the United States Mail. Executive shall be obligated to notify the Company in writing of any change in
Executive’s address. Notice of a change of address shall be effective only when done in accordance with this paragraph. 
  

			
	Company’s Notice Address:	 	Executive’s Notice Address:
		
	BBCN Bank	 	
	3731 Wilshire Blvd., Suite 1000	 	Kevin S. Kim
	Los Angeles, CA 90010	 	
	Attn: Legal Department	 	

 14. SEVERABILITY 
 If any provision of this Agreement shall be held by a court or arbitrator to be invalid, unenforceable, or void, such provision shall be enforced to the fullest extent permitted by law, and the remainder
of this Agreement shall remain in full force and effect. In the event that the time period or scope of any provision is declared by a court or arbitrator of competent jurisdiction to exceed the maximum time period or scope that such court or
arbitrator deems enforceable, then such court or arbitrator shall reduce the time period or scope to the maximum time period or scope permitted by law. 
 15. TAXES 
 All Amounts paid under this Agreement (including without limitation Base Salary,
Bonus and Severance) shall be paid less all applicable state and federal tax withholdings and any other withholdings required by any applicable jurisdiction. 
 16. GOVERNING LAW 
 This Agreement shall be governed by and construed in accordance with the
laws of the State of California. 

  
 9 

 17. COMPLIANCE WITH SAFETY AND SOUNDNESS STANDARDS 

Notwithstanding anything contained herein to the contrary, in no event shall the total compensation paid out upon the departure of Executive to the
Executive be in excess of that considered by the Federal Deposit Insurance Corporation, Federal Reserve Board, or the California Commissioner of Financial Institutions to be safe and sound at the time of such payment, taking into
consideration all applicable laws, regulations, or other regulatory guidance. Any payments made to Executive, pursuant to this Agreement or otherwise, are subject to and conditioned upon compliance with 12 U.S.C. Section 1828(k) and any
regulations promulgated thereunder. 
 18. INTERPRETATION 
 This Agreement shall be construed as a whole, according to its fair meaning, and not in favor or against any party. Sections and section headings contained in this Agreement are for reference purposes
only, and shall not affect in any manner the meaning or interpretation of this Agreement. Whenever the context requires, references to the singular shall include the plural and the plural the singular. 

19. OBLIGATIONS SURVIVE TERMINATION OF EMPLOYMENT 
 Executive agrees that any and all of Executive’s obligations under this Agreement described in Sections 2.f., 6, 7, 10, 13, and Exhibit B hereto, shall survive the termination of employment
and the termination of this Agreement. 
 20. COUNTERPARTS 
 This Agreement may be executed in any number of counterparts, each of which shall be deemed an original of this Agreement, but all of which together shall constitute one and the same instrument.

 21. AUTHORITY 

Each party represents and warrants that such party has the right, power, and authority to enter into and execute this Agreement and to perform and
discharge all of the obligations hereunder; and that this Agreement constitutes the valid and legally binding agreement and obligation of such party and is enforceable in accordance with its terms. 

22. ENTIRE AGREEMENT 

This Agreement is intended to be the final, complete, and exclusive statement of the terms of Executive’s employment by the Company and may not be
contradicted by evidence of any prior or contemporaneous statements of agreements, except for agreements specifically referenced herein (including the Arbitration Agreement attached as Exhibit B and the Equity Incentive Plan). This Agreement
cannot be changed, modified or extended except by a writing signed by both parties hereto. To the extent that the practices, policies or procedures of the Company, now 

  
 10 

 
or in the future, apply to Executive and are inconsistent with the terms of this Agreement, the provisions of this Agreement shall control. Any subsequent change in Executive’s duties,
position, or compensation will not affect the validity or scope of this Agreement. 
 23. EXECUTIVE ACKNOWLEDGEMENT

 EXECUTIVE ACKNOWLEDGES EXECUTIVE HAS HAD THE OPPORTUNITY TO CONSULT LEGAL COUNSEL CONCERNING THIS AGREEMENT, THAT EXECUTIVE HAS READ
AND UNDERSTANDS THE AGREEMENT, THAT EXECUTIVE IS FULLY AWARE OF ITS LEGAL EFFECT, AND THAT EXECUTIVE HAS ENTERED INTO IT FREELY BASED ON EXECUTIVE’S OWN JUDGMENT AND NOT ON ANY REPRESENTATIONS OR PROMISES OTHER THAN THOSE CONTAINED IN THIS
AGREEMENT. 
 In Witness Whereof, the parties have duly executed this Agreement as of the date first written above.

  

			
	BBCN Bancorp, Inc.
		
	By:	 	 /s/ Scott Y. Whang

		 	Scott Y. Whang
		
	Title:	 	Lead Independent Director of BBCN Bancorp, Inc.
		
	Date:	 	June 11, 2013
	
	EXECUTIVE:
		
	By:	 	 /s/ Kevin S. Kim

		 	Kevin S. Kim
		
	Date:	 	May 31, 2013

  
 11

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