Document:

Consulting Agreement

 Exhibit 10.7 
 CONSULTING AGREEMENT 
 This CONSULTING AGREEMENT (the “Agreement”) is entered
into as of the 1st day of October, 2007, by and between VENTURE ONE HOLDINGS, INC. (the “Company”), a corporation organized under the laws of the State of California, and Chris Renko, an adult individual residing in the State of
California (the “Consultant”). 
 The parties hereto agree as follows: 
 1. Engagement. The Company hereby engages the Consultant, and the Consultant hereby agrees to render, at the request of the Company, independent
advisory and consulting services for the Company in connection with the formation of a proposed new bank (the “Bank”), upon the terms and conditions hereinafter set forth. 
 2. Term. The term of this Agreement shall be effective as of October 1, 2007, and shall terminate on the earlier of (i) March 31,
2008; (ii) the date on which the Bank opens for business following the receipt of (and satisfaction of all conditions to opening for business under) its authorization to commence its banking business from the appropriate chartering authority
(“Certificate of Authority”) and approval of its application for deposit insurance from the Federal Deposit Insurance Corporation (“FDIC”); (iii) the date on which the Company advises the Consultant that it has
abandoned its effort to obtain the Certificate of Authority; (iv) the date on which the Company gives written notice to the Consultant that it is terminating this Agreement “for cause” as hereafter defined; (v) the death of the
Consultant; (vi) the Company determines, after consultations with its advisors, that the Consultant is not likely to be accepted by the relevant bank regulatory authorities as a candidate to be Chief Credit Officer of the Bank; (vii) the
Company notifies the Consultant that his services are terminated in the sole discretion of the Company; or (viii) the Consultant resigns from or otherwise terminates his consultancy under this Agreement. As used herein, “for cause”
shall mean receipt by the Company of any notification from any banking authority relevant to the planned formation of the Bank, which may include without limitation, the FDIC, the Office of the Comptroller of the Currency (“OCC”),
or the California Department of Financial Institutions (“DFI”) depending on the type of charter applied for, indicating that the Consultant would not be an acceptable candidate to be Chief Credit Officer of the Bank, or the
Consultant’s: (a) conviction of a felony; (b) breach of fiduciary duty; (c) fraud; (d) dishonesty; (e) use of illegal drugs; or (f) breach of a material term of this Agreement. 
 3. Compensation. During the term of this Agreement, as compensation for all services rendered by the Consultant under this Agreement, the Company
shall pay the Consultant the following amounts: 
 (a) Consulting Fee.
The Company shall pay the Consultant the sum of Ten Thousand Dollars ($10,000.00) per month (prorated for any partial month), which shall be paid in arrears in two installments of Five Thousand Dollars ($5,000.00) each on the 15th and 30th day of each calendar month. 
 (b) Deductions. All such compensation shall be payable without deduction for federal income, social security, or state income taxes
or any other amounts. the Consultant acknowledges and agrees that the Company shall not withhold any taxes from such compensation, except as required by law. Accordingly, the Consultant shall be solely responsible for all income taxes arising out of
the payment of such compensation, and the Consultant shall indemnify the Company against any and all taxes, assessments and penalties arising out of the payment of such compensation. 
  

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 (c) Severance. If this Agreement is terminated the Consultant shall be entitled to
no further compensation of any kind under this Agreement. 
 4. Duties. The Consultant shall render services conscientiously and shall
devote his full time, attention, efforts and abilities in furtherance of the organizational and business activities of the Company and the Bank, including without limitation obtaining regulatory approvals, site acquisition and development
activities, personnel matters and capital raising activities, and such other tasks and responsibilities that are consistent with that of a the Consultant engaged to assist in the formation or acquisition of a proposed bank, as the Company’s
board of directors/organizers or a committee thereof, or the proposed CEO of the Bank shall assign from time to time. These services shall be performed at such times during the term hereof and in such manner as reasonably requested by the Company,
and performed at such places and at such times as are reasonably convenient to the Company and the Consultant. The Consultant shall observe all policies and directives promulgated from time to time by the Company’s board of directors or a
committee thereof. The Consultant may not, without the prior written consent of the Company, render services directly or indirectly, of a business or commercial nature, to any other person or organization during the term of this Agreement.

 5. Expenses. The Consultant shall be reimbursed by the Company for all reasonable business expenses paid by the Consultant during
the performance of his services hereunder; provided however, that any such reimbursement shall require the prior written approval of the Company’s board of directors, a committee thereof, the chairman of the board or his designee or the
proposed CEO of the Bank. The Company’s obligation to reimburse the Consultant pursuant to this section shall be subject to the presentation to the Company’s board of directors, a committee thereof, the chairman or his designee, or the
proposed CEO of the Bank, by the Consultant of an itemized account of such expenditures, together with supporting vouchers, in accordance with any policies of the Company in effect from time to time. 
 6. Independent Contractor. It is expressly agreed that the Consultant is acting as an independent contractor in performing services hereunder. The
Company shall have no obligation to carry worker’s compensation insurance or any health or accident insurance to cover the Consultant. The Company shall have no obligation to pay any contributions to social security, unemployment insurance,
federal or state withholding taxes, nor to provide any other contributions or benefits which might be expected in an employer-employee relationship. 
 7. Covenant Not to Compete. The Consultant hereby acknowledges and recognizes the highly competitive nature of the Bank’s business and accordingly agrees that, during and for the period commencing with the
date hereof and ending on the termination of this Agreement the Consultant will not directly or indirectly: 
 (a) engage in
any business activity related to the business of banking or financial services, or the formation of any entity for the purpose of engaging in such a business (other than on behalf of the Company to the extent that the Consultant is then in the
employ of or consulting for the Company), whether such engagement is as an officer, director, proprietor, employee, partner, member, investor (other than as a passive investor in less than one percent (1%) of the outstanding capital stock of a
publicly traded corporation), consultant, advisor, agent or other participant in another business, 
  

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 (b) assist others in engaging in any of the business activities prohibited to the
Consultant under clause (a) above, or 
 (c) induce employees or consultants of the Company or any proposed employees or
consultants of the Bank to engage in any activities hereby prohibited to the Consultant or to terminate their employment or consulting services (prospective or otherwise). 
 8. No Disclosure of Confidential Information. The Consultant acknowledges that the Company’s trade secrets and private processes, as they may
exist from time to time, and confidential information concerning the formation and development of the Bank, the Bank’s planned products, technical information regarding the Bank, and data concerning potential customers of and investors in the
Bank are valuable, special, and unique assets to which the Company and the Bank have an interest, access to and knowledge of which assets are essential to the performance of the Consultant’s duties under this Agreement. In light of the highly
competitive nature of the industry in which the business of the Company and the Bank is conducted, the Consultant further agrees that all knowledge and information described in the preceding sentence not in the public domain and heretofore or in the
future obtained by the Consultant as a result of his engagement by the Company shall be considered confidential information. In recognition of this fact, the Consultant agrees that the Consultant will not, during or after the term of this Agreement
or thereafter, disclose any of such secrets, processes, or information to any person or other entity for any reason or purpose whatsoever, except as necessary in the performance of the Consultant’s duties as a consultant to the Company and then
only upon such person or entity entering into a written confidentiality agreement in such form and content as requested by the Company from time to time, nor shall the Consultant make use of any of such secrets, processes or information for the
Consultant’s own purposes or for the benefit of any person or other entity (except the Company and its subsidiaries, if any) under any circumstances during or after the term of this Agreement. 
 9. Return of Property. The Consultant acknowledges that all memoranda, notes, records, reports, manuals, books, papers, letters, client and
customer lists, contracts, software programs, information and records, drafts of instructions, guides and manuals, and other documentation (whether in draft or final form), and other sales or financial information and aids relating to the
Company’s or the Bank’s business, and any and all other documents containing confidential information furnished to the Consultant by any representative of the Company or otherwise acquired or developed by the Consultant in connection with
his duties under this Agreement (collectively, “Recipient Materials”) shall at all times be the property of the Company or the Bank, as applicable. Within three calendar days of the termination of this Agreement, the Consultant
shall return to the Company or the Bank, as applicable, any Recipient Materials that are in his possession, custody or control. 
 10.
Employment Agreement. Provided this Agreement is not previously terminated, the Consultant agrees to enter into an employment agreement with the Bank in form satisfactory to the Consultant and the Bank in their reasonable discretion, subject
to the review, modification and approval of the Bank’s primary regulators, which employment agreement shall be effective as of the date on which the Bank opens for business, subject to and following the receipt of (and satisfaction of all
conditions to opening for business 

  

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under) its Certificate of Authority and approval of its application for deposit insurance from the FDIC. Notwithstanding anything herein to the contrary,
until such employment agreement is approved by the appropriate government regulators, and such employment agreement is duly executed by the Bank and the Consultant, the employment agreement shall be of no force and effect. 
 11. Assignment. The Consultant’s obligations under this Agreement are personal in nature and may not be assigned by the Consultant, this
Agreement being entered into in reliance upon and in consideration of the personal skill and qualifications of the Consultant. Any attempted assignment or transfer by the Consultant of his obligations hereunder shall be void. 
 12. Notice. All notices and other communications required or permitted to be given or delivered hereunder or by reason of the provisions of this
Agreement shall be in writing and shall be deemed to have been properly given if (a) delivered personally, (b) delivered by a recognized overnight courier service, (c) sent by United States mail, or (d) sent by facsimile
transmission followed by a confirmation copy delivered by recognized overnight courier service the next day. Such notices, requests, consents and other communications shall be sent to the respective parties as follows (or at such other address for a
party as shall be specified by like notice to the other party): 
 If to the Company: 
 Venture One Holdings, Inc. 
 3035 8th Street 
 National City, California 91950 
 Attention: Chairman of the Board 
 If to the Consultant: 
 Chris Renko 
 13830 Riverhead Court

 San Diego, CA 92129 
 Any
party hereto may designate a different address by providing written notice of such new address to the other parties. Date of service of such notice shall be (i) the date such notice is personally delivered or sent by facsimile transmission
(with issuance by the transmitting machine of a confirmation of a successful transmission), (ii) three business days after the date of mailing if sent by certified or registered mail or (iii) one business day after the date of delivery to
the overnight courier if sent by overnight courier. 
 13. Waiver of Breach. The waiver by either party of any breach of any provision
of this Agreement shall not operate or be construed as a waiver of any subsequent breach. 
 14. Complete Agreement; Modification. The
parties acknowledge and agree that this Agreement constitutes the complete and entire agreement between the parties; that each executed this Agreement based upon the express terms and provisions set forth herein; that, in entering into this
consulting arrangement with the Company, the Consultant has not relied on any representations, oral or written, which are not set forth in this Agreement; that no previous agreement, either oral or written, shall have any effect on the 

  

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terms or provisions of this Agreement; and that all previous agreements, either oral or written, are expressly superseded and revoked by this Agreement. The
provisions hereof may not be altered, amended, modified, waived, or discharged in any way whatsoever, except by written agreement executed by the Consultant and the Company. No waiver shall be deemed a continuing waiver or a waiver of any subsequent
breach or default, either of a similar or different nature, unless expressly so stated in writing. 
 15. Prior Agreements. The
Consultant represents and warrants that his service as a consultant to the Company and his future service to the Bank, as third party beneficiary of this provision, will not violate any agreement or obligation of the Consultant. The Consultant
further represents that he has not previously, and will not in the future, disclose to the Company or the Bank any proprietary information or trade secrets belonging to any previous employer, principal or third party to which he provided consulting
or other services. The Consultant acknowledges that the Company has instructed him not to disclose to it or the Bank any proprietary information or trade secrets belonging to any previous employer, principal or third party to which he provided
consulting services. 
 16. Voluntary Agreement. The parties acknowledge that each has carefully read this agreement, that each has
had an opportunity to consult with his or its attorney concerning the meaning, import and legal significance of this Agreement, that each understands its terms, that all understandings and agreements between the Consultant and the Company relating
to the subjects covered in this Agreement are contained in it, and that each has entered into the Agreement voluntarily and not in reliance on any promises or representations by the other than those contained in this Agreement. 
 17. Successors, Binding Agreement. Subject to the restrictions on assignment contained herein, this Agreement shall inure to the benefit, and be
enforceable by, the parties and their respective successors and assigns. 
 18. Severability. The parties acknowledge that each
covenant and/or provision of this Agreement shall be enforceable independently of every other covenant and/or provision. Furthermore, the Consultant and the Company acknowledge that, in the event any covenant and/or provision of this Agreement is
determined to be unenforceable for any reason, the remaining covenants and/or provisions will remain effective, binding and enforceable. 
 19. Governing Law and Venue. This Agreement shall be construed and enforced in accordance with, and all questions concerning the construction, validity, interpretation and performance of this Agreement shall be governed by, the laws
of the State of California, without giving effect to provision thereof regarding conflict of laws. Venue for resolution of any dispute under this Agreement shall only be proper in a court located in San Diego County. 
 20. Survival. Upon termination of this Agreement, all obligations and rights of the parties under this Agreement shall cease except for those set
forth in Sections 8, 9, 10, 12 through 15, and 18 through 23, which shall survive indefinitely. 
 21. Interpretation. When a
reference is made in this Agreement to a Section, such reference shall be to a Section of this Agreement unless otherwise indicated. The headings contained in this Agreement are for convenience of reference only and shall not affect in any way the
meaning or interpretation of this Agreement. Whenever the words “include”, “includes” or “including” are used 

  

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in this Agreement, they shall be deemed to be followed by the words “without limitation.” The words “hereof”, “herein” and
“hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision in this Agreement. Each use herein of the masculine, neuter or feminine gender shall be deemed
to include the other genders. Each use herein of the plural shall include the singular and vice versa, in each case as the context requires or as is otherwise appropriate. The word “or” is used in the inclusive sense. Any agreement or
instrument defined or referred to herein or in any agreement or instrument that is referred to herein means such agreement or instrument as from time to time amended, modified or supplemented, including by waiver or consent. References to a person
are also to its permitted successors or assigns. 
 22. Drafting Ambiguities. Each party has or has had an opportunity to consult
legal counsel, and each party (or its legal counsel) has reviewed and revised this Agreement. The rule of construction that ambiguities are to be resolved against the drafting party or in favor of the party receiving a particular benefit under an
agreement may not be employed in the interpretation of this Agreement or any amendment to this Agreement. 
 23. Counterparts. This
Agreement may be executed in multiple original counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 [Signature page follows] 
  

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 [Signature page to Consulting Agreement] 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first set forth above. 
  

			
	THE CONSULTANT
		
	Signature: 	 	/s/ Chris Renko
	Printed Name: 	 	Chris Renko

			
	
	VENTURE ONE HOLDINGS, INC.
		
	By:	 	/s/ Alex C. Carolino
	Name: 	 	Alex C. Carolino
	Title: 	 	President

  

 7Form of Indemnification Agreement

 Exhibit 10.8 
 INDEMNIFICATION AGREEMENT 
 This Indemnification Agreement (this “Agreement”) is made and entered into as
of                          , 2008, by and between Gateway Pacific Bancorp, a California corporation (the
“Company”), and                         , [an officer][a director] of the Company
(“Indemnitee”). 
 RECITALS 
 A. The Company and Indemnitee are aware of the substantial growth in the number of lawsuits filed against corporate directors and officers in connection with their activities in such capacities and by reason of their status as such;

 B. The Company and Indemnitee recognize that the cost of defending against such lawsuits, whether or not meritorious, is typically beyond the
financial resources of most of the Company’s directors and officers; 
 C. The Company and Indemnitee recognize that the legal risks and potential
liabilities associated with proceedings filed against the Company’s directors and officers bear no reasonable relationship to the amount of compensation received by the Company’s directors and officers; 
 D. The Company, after reasonable investigation prior to the date hereof, has determined that the liability insurance coverage available to the Company as of the
date hereof is inadequate, unreasonably expensive or both. The Company believes, therefore, that the interest of the Company’s shareholders would be best served by a combination of (i) such insurance as the Company may obtain pursuant to
the Company’s obligations hereunder and (ii) a contract with its directors and certain officers, including Indemnitee, to indemnify such individuals pursuant to Section 317 of the California Corporations Code (the “Code”)
against personal liability for actions taken in the performance of their duties to the Company; 
 E. Section 317 of the Code empowers California
corporations to indemnify their directors and officers; 
 F. The Board of Directors of the Company (the “Board”) has concluded that, to
retain and attract talented and experienced individuals to serve as the Company’s directors and officers and to encourage such individuals to take the business risks necessary for the success of the Company, it is necessary for the Company to
contractually indemnify its directors and certain officers, and to assume for itself liability for expenses and damages in connection with claims against such directors and officers with respect to their service to the Company, and has further
concluded that the failure to provide such contractual indemnification could result in great harm to the Company and its shareholders; 
 G. The Company
desires and has requested Indemnitee to serve or continue to serve as a director or officer of the Company, free from undue concern for the risks and potential liabilities associated with such services to the Company; and 
 H. Indemnitee is willing to serve, or continue to serve, the Company, provided, and on the expressed condition, that he is furnished with the indemnification
provided for herein. 
 AGREEMENT 
 NOW,
THEREFORE, for valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and Indemnitee agree as follows: 
 1.
Definitions. 
 (a) “Expenses” means all direct and indirect costs of any type or nature whatsoever (including, without
limitation, any fees and disbursements of Indemnitee’s counsel, accountants and other experts and other out-of-pocket costs) actually and reasonably incurred by Indemnitee in connection with the investigation, preparation, defense or appeal of
a Proceeding; provided, however, that Expenses shall not include judgments, fines, penalties or amounts paid in settlement of a Proceeding. 
 (b) “Proceeding” means any threatened, pending or completed action or proceeding, whether civil, criminal, administrative or investigative (including an action brought by or in the right of the Company) in which Indemnitee may be
or may have been involved as a party or otherwise, by reason of the fact that Indemnitee is or was a director or officer of the Company, by reason of any action taken by Indemnitee or of any inaction on his part while acting as such director or
officer or by reason of the fact that he is or was serving at the request of the Company as a director, officer, employee or agent of another foreign or domestic corporation, partnership, joint venture, trust or other enterprise, or was a director
and/or officer of the foreign or domestic corporation which was a predecessor corporation to the Company or of another enterprise at the request of such predecessor corporation, whether or not he is serving in such capacity at the time any liability
or Expense is incurred for which indemnification or reimbursement can be provided under this Agreement. 
  

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 2. Indemnification. 
 (a) Third Party Proceedings. The Company shall indemnify Indemnitee against Expenses, judgments, fines, penalties or amounts paid in settlement actually and reasonably incurred by Indemnitee in connection with
a Proceeding (other than a Proceeding by or in the right of the Company) provided Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in the best interests of the Company and its shareholders, and with respect to any
criminal action or proceeding, had no reasonable cause to believe Indemnitee’s conduct was unlawful. The termination of any Proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not,
of itself, create a presumption that Indemnitee did not act in good faith and in a manner which Indemnitee reasonably believed to be in the best interests of the Company, or, with respect to any criminal Proceeding, had no reasonable cause to
believe that Indemnitee’s conduct was unlawful. 
 (b) Proceedings by or in the Right of the Company. The Company shall indemnify
Indemnitee against Expenses and amounts paid in settlement, actually and reasonably incurred by Indemnitee, in connection with a Proceeding by or in the right of the Company to procure a judgment in its favor if Indemnitee acted in good faith and in
a manner Indemnitee reasonably believed to be in the best interests of the Company and its shareholders. Notwithstanding the foregoing, no indemnification shall be made in respect of (i) any claim, issue or matter as to which Indemnitee shall
have been adjudged liable to the Company in the performance of Indemnitee’s duty to the Company and its shareholders unless the court in which such action or proceeding is or was pending shall determine upon application that, in view of all the
circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for Expenses and then only to the extent that such court shall determine; (ii) any amounts paid by Indemnitee in settling or otherwise disposing of a pending
action without court approval; and (iii) Expenses incurred in defending a pending action which is settled or otherwise disposed of without court approval. 
 3. Limitations on Indemnification. Notwithstanding any other provision herein to the contrary, the Company shall not be obligated pursuant to the terms of this Agreement: 
 (a) Excluded Acts. To indemnify Indemnitee for any acts or omissions or transactions from which a director or officer may not be relieved of
liability under Section 204 of the Code or for expenses, penalties, or other payments incurred in an administrative proceeding or action instituted by an appropriate bank or bank holding company regulatory agency which proceeding or action
results in a final order assessing civil money penalties or requiring affirmative action by an individual or individuals in the form of payments to the Company or any banking subsidiary of the Company. 
 (b) Claims Initiated by Indemnitee. To indemnify or advance Expenses to Indemnitee with respect to Proceedings or claims initiated or brought
voluntarily by Indemnitee and not by way of defense, except with respect to Proceedings brought to establish or enforce a right to indemnification under this Agreement or any other statute or law or otherwise as required under Section 317 of
the Code, but such indemnification or advancement of Expenses may be provided by the Company in specific cases if the Board has approved the initiation or bringing of such Proceeding. 
 (c) Lack of Good Faith. To indemnify Indemnitee for any Expenses incurred by Indemnitee with respect to any Proceeding instituted by Indemnitee to
enforce or interpret this Agreement, if a court of competent jurisdiction determines that each of the material assertions made by Indemnitee in such Proceeding was not made in good faith or was frivolous. 
 (d) Insured Claims. To indemnify Indemnitee for Expenses or liabilities of any type whatsoever (including, but not limited to, judgments, fines,
ERISA excise taxes or penalties, and amounts paid in settlement) which have been paid directly to or on behalf of Indemnitee by an insurance carrier under a policy of directors’ and officers’ liability insurance (“D&O
Insurance”) maintained by the Company or any other policy of insurance maintained by the Company or Indemnitee. 
 (e) Claims Under
Section 16(b). To indemnify Indemnitee for Expenses and the payment of profits arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended, or any
similar successor statute. 
 (f) Regulatory Limitations. Notwithstanding any other provisions contained herein, this Agreement is
subject to the requirements and limitations set forth in state and federal laws, rules, regulations and orders regarding indemnification and prepayment of legal expenses and liabilities, including Section 18(k) of the Federal Deposit Insurance
Act and Part 359 of the Federal Deposit Insurance Corporation’s Rules and Regulations and any successor regulations thereto, and written guidance or interpretations of the Federal Reserve Board requiring application of the principles of such
regulations to bank holding companies. To the extent that there is any conflict between state and federal law, federal law shall supersede and control. 
 4. Determination of Right to Indemnification. Upon receipt of a written claim addressed to the Board for indemnification pursuant to Section 2, the Company shall determine by any of the methods set forth in
Section 317(e) of the Code whether Indemnitee has met the applicable standards of conduct which makes it permissible under applicable law to indemnify Indemnitee. If a claim under Section 2 is not paid in full by the Company within
ninety (90) days after such written claim has been received by the Company, Indemnitee may at any time thereafter bring suit against the Company to recover the unpaid amount of the claim and, unless such action is 

  

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dismissed by the court as frivolous or brought in bad faith, Indemnitee shall be entitled to be paid also the expense of prosecuting such claim. Neither the
failure of the Company (including its Board, independent legal counsel or shareholders) to make a determination prior to the commencement of such action that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the
applicable standard of conduct under applicable law, nor an actual determination by the Company (including its Board, independent legal counsel or shareholders) that Indemnitee has not met such applicable standard of conduct, shall create a
presumption that Indemnitee has not met the applicable standard of conduct. The court in which such action is brought shall determine whether Indemnitee or the Company shall have the burden of proof concerning whether Indemnitee has or has not met
the applicable standard of conduct. 
 5. Advancement and Repayment of Expenses. The Expenses incurred by Indemnitee in defending and
investigating any Proceeding shall be paid by the Company in advance of the final disposition of such Proceeding within thirty (30) days after receiving from Indemnitee the copies of invoices presented to Indemnitee for such Expenses, if
Indemnitee shall provide an undertaking to the Company to repay such amount to the extent it is ultimately determined that Indemnitee is not entitled to indemnification. In determining whether or not to make an advance hereunder, the ability of
Indemnitee to repay shall not be a factor. Notwithstanding the foregoing, in a proceeding brought by the Company directly, in its own right (as distinguished from an action brought derivatively or by any receiver or trustee), the Company shall not
be required to make the advances called for hereby if the Board determines, in its sole discretion, that it does not appear that Indemnitee has met the standards of conduct which may it permissible under applicable law to indemnify Indemnitee and
the advancement of Expenses would not be in the best interests of the Company and its shareholders. 
 6. Partial Indemnification. If Indemnitee
is entitled under any provision of this Agreement to indemnification or advancement by the Company of some or a portion of any Expenses or liabilities of any type whatsoever (including, but not limited to, judgments, fines, penalties, and amounts
paid in settlement) incurred by Indemnitee in the investigation, defense, settlement or appeal of a Proceeding, but is not entitled to indemnification or advancement of the total amount thereof, the Company shall nevertheless indemnify or pay
advancements to the Indemnitee for the portion of such Expenses or liabilities to which the Indemnitee is entitled. 
 7. Notice to Company by
Indemnitee. Indemnitee shall notify the Company in writing of any matter with respect to which Indemnitee intends to seek indemnification hereunder as soon as reasonably practicable following the receipt by Indemnitee of written notice thereof,
provided that any delay in so notifying the Company shall not constitute a waiver by Indemnitee of his rights hereunder. Such written notification to the Company shall be addressed to the Board and shall include a description of the nature of the
Proceeding and the facts underlying the Proceeding and be accompanied by copies of any documents filed with the court in which the Proceeding is pending. In addition, Indemnitee shall give the Company such information and cooperation as it may
reasonably require and as shall be within Indemnitee’s power. 
 8. Maintenance of Liability Insurance. 
 (a) The Company hereby agrees that so long as Indemnitee shall continue to serve as a director or officer of the Company and thereafter so long as
Indemnitee shall be subject to any possible Proceeding, the Company, subject to Section 8(b), shall use its best efforts to obtain and maintain in full force and effect D&O Insurance which provides Indemnitee the same rights and benefits as
are accorded to the most favorably insured of the Company’s directors or officers, as the case may be. 
 (b) Notwithstanding the
foregoing, the Company shall have no obligation to obtain or maintain D&O Insurance if the Company determines in good faith that such insurance is not reasonably available, the premium costs for such insurance are disproportionate to the amount
of coverage provided, the coverage provided by such insurance is limited by exclusions so as to provide an insufficient benefit, or the Indemnitee is covered by similar insurance maintained by a subsidiary or parent of the Company. 
 (c) If, at the time of the receipt of a notice of a claim pursuant to Section 7, the Company has D&O Insurance in effect, the Company shall give
prompt notice of the commencement of such Proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf
of Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies. 
 9. Defense of Claim. In the
event that the Company shall be obligated under Section 5 to pay the Expenses of any Proceeding against Indemnitee, the Company, if appropriate, shall be entitled to assume the defense of such Proceeding, with counsel approved by Indemnitee,
which approval shall not be unreasonably withheld, upon the delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company,
the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding. Indemnitee shall have the right to employ his counsel in any such Proceeding at
Indemnitee’s expense and if the employment of counsel by Indemnitee has been previously authorized by the Company, or Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and the Indemnitee in
the conduct of such defense, or the Company shall not, in fact, have employed counsel to assume the defense of such Proceeding, then the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. 
  

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 10. Attorneys’ Fees. In the event that Indemnitee or the Company institutes an action to enforce or
interpret any terms of this Agreement, the Company shall reimburse Indemnitee for all of the Indemnitee’s reasonable fees and expenses in bringing and pursuing such action or defense, unless as part of such action or defense, a court of
competent jurisdiction determines that the material assertions made by Indemnitee as a basis for such action or defense were not made in good faith or were frivolous. 
 11. Continuation of Obligations. All agreements and obligations of the Company contained herein shall continue during the period the Indemnitee is a director or officer of the Company, or is or was serving
at the request of the Company as a director, officer, fiduciary, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, and shall continue thereafter so long as the Indemnitee shall be subject to any
possible Proceeding by reason of the fact that Indemnitee served in any capacity referred to herein. 
 12. Successors and Assigns. This
Agreement establishes contract rights that shall be binding upon, and shall inure to the benefit of, the successors, assigns, heirs and legal representatives of the parties hereto. 
 13. Non-exclusivity. 
 (a) The provisions for indemnification and advancement of Expenses set forth
in this Agreement shall not be deemed to be exclusive of any other rights that the Indemnitee may have under any provision of law, the Company’s Articles of Incorporation or Bylaws, the vote of the Company’s shareholders or
disinterested directors, other agreements or otherwise, both as to action in his official capacity and action in another capacity while occupying his position as a director or officer of the Company. 
 (b) In the event of any changes in any applicable law, statute or rule which narrow the right of a California corporation to indemnify a director or
officer, such changes, to the extent not otherwise required by such law, statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the parties rights and obligations hereunder. 
 14. Effectiveness of Agreement. To the extent that the indemnification permitted under the terms of certain provisions of this Agreement exceeds the scope of
the indemnification provided for in the Code, such provisions shall not be effective unless and until the Company’s Articles of Incorporation authorize such additional rights of indemnification. In all other respects, the balance of this
Agreement shall be effective as of the date set forth on the first page and may apply to acts or omissions of Indemnitee which occurred prior to such date if Indemnitee was a director, officer, employee or other agent of the Company, or was serving
at the request of the Company as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, at the time such act or omission occurred. 
 15. Severability. Nothing in this Agreement is intended to require or shall be construed as requiring the Company to do or fail to do any act in violation of
applicable law. The Company’s inability, pursuant to court order, to perform its obligations under this Agreement shall not constitute a breach of this Agreement. The provisions of this Agreement shall be severable as provided in this
Section 15. If this Agreement or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction, then the Company shall nevertheless indemnify Indemnitee to the full extent permitted by any applicable portion of
this Agreement that shall not have been invalidated, and the balance of this Agreement not so invalidated shall be enforceable in accordance with its terms. 
 16. Governing Law. This Agreement shall be interpreted and enforced in accordance with the laws of the State of California and applicable federal law. To the extent permitted by applicable law, the parties hereby waive any
provisions of law which render any provision of this Agreement unenforceable in any respect. 
 17. Notice. Unless otherwise specifically
permitted by this Agreement, all notices or other communications required or permitted under this Agreement shall be in writing, and shall be personally delivered or sent by registered or certified mail, postage prepaid return receipt requested and
shall be deemed received: (i) if personally delivered, upon the date of delivery to the address of the person to receive such notice, (ii) if mailed in accordance with the provisions of this paragraph, two (2) business days after the
date placed in the United States mail, or (iii) if mailed other than in accordance with the provisions of this paragraph or mailed from outside the United States, upon the date of delivery to the address of the person to receive such
notice. Notices shall be given at the following addresses: 
  

			
	 If to the Company:
	 	If to Indemitee:
		
	 Gateway Pacific Bancorp
 Attn: Chairman of the Board of Directors
 [address]
	 	 To Indemnitee’s last known address as set forth in the
 personnel records of the Company.

 With a copy to: 
 Kurt L. Kicklighter, Esq. 
 Luce, Forward, Hamilton & Scripps LLP 
 600 West Broadway, Suite 2600 
 San Diego, CA 92101 
 The relevant party may change the address for delivery of notices by giving notice of such change in accordance with
this paragraph. 
  

 4 

 18. Mutual Acknowledgment. Both the Company and Indemnitee acknowledge that in certain instances, federal law
or applicable public policy may prohibit the Company from indemnifying its directors and officers under this Agreement or otherwise. Indemnitee understands and acknowledges that the Company has undertaken or may be required in the future to
undertake with the Federal Reserve Board, the Securities and Exchange Commission or other regulators of the Company to submit the question of indemnification to a court in certain circumstances for a determination of the Company’s right under
public policy to indemnify Indemnitee. 
 19. Counterparts. This Agreement may be executed in one or more counterparts and by facsimile, each of
which shall constitute an original. 
 20. Amendment and Termination. No amendment, modification, termination or cancellation of this Agreement
shall be effective unless in writing signed by both parties hereto. 
 IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year
set forth above. 
  

							
	COMPANY:	 		 	INDEMNITEE:
			
	Gateway Pacific Bancorp, a California corporation	 		 	 
		 		 		 	[Insert Name]

  

			
	 By: 
	 	 
	
	_______________________________
	Title:	 	 Alex Carolino, Chairman of the Board of Directors

 Schedule of Directors and Officer Who Are Parties to the Indemnification Agreement

  

			
	 Name
	  	 Date of Execution

	 Garry Barnes
	  	May 9, 2008
	 Harold K. Brown
	  	July 3, 2008
	 Alex Carolino
	  	July 15, 2008
	 Kirk S. Colburn
	  	May 9, 2008
	 Crisostomo Garcia
	  	July 9, 2008
	 Nicholas Inzunza
	  	July 15, 2008
	 Teresita L. Paje
	  	July 1, 2008
	 Edward F. Plant
	  	May 9, 2008
	 Chris J. Renko
	  	May 9, 2008
	 Ditas Yamane
	  	2008
	 Robert Yee
	  	July 2, 2008
	 Frederick J. (Rick) Mandelbaum
	  	December 18, 2008

  

 5

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