Document:

Form of Stay Bonus Agreement

 EXHIBIT 10.27 
 FIRST BANK OF BEVERLY HILLS  
 23901 Calabasas Road, Suite 1050 
 Calabasas, CA 91302 
 STAY BONUS CERTIFICATE

 THIS IS TO CERTIFY that the employee named below (the “Employee”) of First Bank of Beverly Hills (the
“Bank”) will be entitled to a “stay bonus” on the terms and subject to the conditions set forth in the attached Stay Bonus Agreement and the General Terms and Conditions that have been separately provided to Employee.

  

			
	Name of Employee	  	________________________________________
		
	 Amount of Stay Bonus:
	  	$_______________________________________
		
	 Date of Agreement
	  	________________________________________

  

			
	FIRST BANK OF BEVERLY HILLS
		
	By:	 	 
	Its:	 	 

 I agree to be bound by the 
 terms of the Stay Bonus Agreement 
  

			
	 
	Name:	 	 
	Title/Position:	 	 
	Address:	 	 
	Facsimile:	 	 

 STAY BONUS AGREEMENT 
 This STAY BONUS AGREEMENT (this “Agreement”) is made and entered into as of the Date of Agreement by and between First Bank of Beverly Hills (the “Bank”) and the employee (hereinafter
referred to as the “Employee” or “you”) named in the Stay Bonus Certificate to which this Agreement is attached (the “Certificate”). 
 ARTICLE I 
 DEFINITIONS 
  

	1.1	Definitions 

 Whenever used in this Agreement, the
following capitalized terms shall have the meanings set forth in this Section 1.1, certain other capitalized terms being defined elsewhere in this Agreement: 
 (a) “Bank” means First Bank of Beverly Hills, and any successor or assignee as provided in Article IV. 
 (b) “BHBC” means Beverly Hills Bancorp, Inc., a Delaware corporation. 
 (c)
“Cause” means any of the following acts or circumstances: (i) willful destruction by you of property of the Bank or a Subsidiary having a material value to the Bank or such Subsidiary; (ii) fraud, embezzlement, theft, or
comparable dishonest activity committed by you (excluding acts involving a de minimis dollar value and not related to the Bank or a Subsidiary); (iii) your conviction of or entering a plea of guilty or nolo contendere to any crime constituting
a felony or any misdemeanor involving fraud, dishonesty or moral turpitude (excluding acts involving a de minimis dollar value and not related to the Bank or a Subsidiary); (iv) your breach or neglect of, or refusal or failure to materially
discharge, your duties (other than due to Disability) commensurate with your title and function or your failure to comply with the lawful directions of the Board or the Chief Executive Officer of the Bank, or of the Board of Directors or the Chief
Executive Officer of the Subsidiary that employs you, in any such case that is not cured within fifteen (15) days after you have received written notice thereof from such Board of Directors or Chief Executive Officer; or (v) a willful and
knowing material misrepresentation to the Board or the Chief Executive Officer of the Bank or to the Board of Directors or the Chief Executive Officer of the Subsidiary that employs you. 
 (d) “Change in Control” shall mean the occurrence of any of the following: 
 (i) Any “Person” or “Group” (as such terms are defined in Section 13(d) of the Securities Exchange
Act of 1934 (the “Exchange Act”) and the rules and regulations promulgated thereunder) is or becomes the “Beneficial Owner” (within the meaning of Rule 13d-3 under the Exchange Act), directly or indirectly, of securities
of BHBC, or of any entity resulting from a merger or consolidation involving BHBC, representing more than fifty percent (50%) of the combined voting power of the then outstanding voting securities of BHBC or such entity. 
  

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 (ii) The consummation of (x) a merger, consolidation or reorganization to which BHBC
is a party, whether or not BHBC is the Person surviving or resulting therefrom (a “Merger”) or (y) a sale, assignment, lease, conveyance or other disposition of all or substantially all of the assets of BHBC, in one transaction
or a series of related transactions, to any Person other than BHBC (“Asset Sale”, and with Merger, a “Transaction”) where any such Transaction does not otherwise result in a “Change in Control” pursuant to
subparagraph (i) of this definition; provided, however, that no such Transaction shall constitute a “Change in Control” under this subparagraph (iii) if: 
 (A) the Persons who were the stockholders of BHBC immediately before the consummation of such Transaction are the Beneficial Owners,
immediately following the consummation of such Transaction, of fifty percent (50%) or more of the combined voting power of the then outstanding voting securities of the Person surviving or resulting from Merger or the Person to whom the assets
of BHBC are sold, assigned, leased, conveyed or disposed of in an Asset Sale, in substantially the same proportions in which such Beneficial Owners held voting stock in BHBC immediately before such Transaction; and 
 (B) immediately following the Transaction, the directors of BHBC immediately prior to the consummation of the Transaction (excluding
directors appointed pursuant to the agreement with respect to such Transaction) constitute a majority of the directors of BHBC (or successor entity) immediately following the Transaction. 
 (iii) Any “Person” or “Group,” other than BHBC or any of its subsidiaries, is or becomes the “Beneficial
Owner,” directly or indirectly, of securities representing more than fifty percent (50%) of the combined voting power of the then outstanding voting securities of the Bank Business Entity. “Bank Business Entity” shall
mean, at any time, the principal corporation or other entity that is then engaged in the banking and related business activities in which the Bank is currently engaged, which entity may be (x) the Bank, (y) any entity resulting from a
merger, consolidation, reorganization or other similar transaction involving the Bank or a successor entity thereto, or (z) any entity that has succeeded to the business of the Bank through the sale, transfer, contribution or other disposition
of all or substantially all of the assets of the Bank or a successor entity thereto. 
 (e) “Compensation” means and
includes all of your base annual salary attributable to your employment with the Bank, BHBC and/or any of their Subsidiaries (including, but not limited to, any amounts excludable from your gross income for federal income tax purposes pursuant to
Section 125 or Section 401(k) of the Internal Revenue Code of 1986, as amended), in effect immediately before the Change in Control. “Compensation” shall not include your bonuses, annual incentive awards, pension, 401(k)
plan, or retirement contributions or payments, non-cash compensation or reimbursements, if any (e.g., the grant or vesting of restricted stock, the grant, vesting, or exercise of stock options, automobile allowance and gasoline reimbursement).

  

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 (f) “Disability” means a physical or mental infirmity that substantially impairs your
ability to perform your material duties for a period of at least one hundred eighty (180) consecutive calendar days, and, as a result of such Disability, you have not returned to your full-time regular employment prior to termination.

 (g) “Good Reason” means the occurrence of any of the following: 
 (i) The Bank or any of its Subsidiaries reduces your base salary (for the Bank and all Subsidiaries taken as a whole). 
 (ii) Without your express written consent, the Bank or any of its Subsidiaries requires you to change the location of your job or office,
so that you will be based at a location more than 100 miles from the location of your job or office as of the date of the Change in Control or termination of your employment, whichever occurs first. 
 (iii) Without your express written consent, the Bank or any of its Subsidiaries reduces your responsibilities or directs you to report to
a person of lower rank or responsibilities than the person to whom you reported immediately prior to terminating your employment. 
 (iv) A successor to the Bank fails or refuses to assume the obligations of the Bank under this Agreement. 
 (h) “Key
Employee” means a “key employee” as defined under Section 416(i) of the Internal Revenue Code of 1986, as amended. As of the date hereof, a “key employee” is an employee who is (i) an officer and earns
compensation in excess of $145,000 per annum, Indexed; or (ii) a holder of five percent (5%) or more of the stock of BHBC; or (iii) a holder of one percent (1%) or more of the stock of BHBC and earns compensation in excess of
$145,000 per annum, Indexed. 
 (i) “Person” shall have the meaning set forth in the definition of “Change in
Control.” 
 (j) “Release” means the Separation and General Release Agreement in the form attached hereto as
Exhibit “A.” 
 (k) “Subsidiary” means any corporation or other Person, a majority of the voting power, equity
securities or equity interest of which is owned directly or indirectly by the Bank. 
 ARTICLE II 
 STAY BONUS 
  

	2.1	Right to Stay Bonus 

 (a) You shall be entitled to a
bonus payment equal to the Amount of Stay Bonus listed on the Certificate (the “Stay Bonus”) upon the occurrence of one of the following events: 
 (i) You are an employee of the Bank and/or one or more of its Subsidiaries on December 31, 2008; or 
  

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 (ii) You are an employee of the
Bank and/or one or more of its Subsidiaries on both the date of a Change in Control and on the 60th day following the Change in Control; or

 (iii) At a time prior to December 31, 2008, either (A) your employment is terminated by the Bank and its
Subsidiaries for any reason other than Cause or your death or Disability, or (B) you voluntarily terminate your employment with the Bank and all Subsidiaries for Good Reason (and in connection with such voluntary termination you have
concurrently provided to the Bank a written statement that you were terminating your employment for Good Reason, which statement sets forth in reasonable detail the Good Reason). 
 (b) You shall not be entitled to more than one Stay Bonus under this Agreement. For
example, if a Change in Control occurs in 2007 and you are employed by the Bank on the 60th day following the Change in Control, you would be
entitled to a Stay Bonus; if you continue to be employed by the Bank on December 31, 2008, you would not be entitled to another Stay Bonus. 
  

	2.2	Withholding of Taxes 

 The Bank may withhold from
any amounts payable under this Agreement all federal, state, city or other taxes required by applicable law to be withheld by the Bank. 
  

	2.3	Payment of Stay Bonus 

 (a) If you are entitled to a
Stay Bonus under Section 2.1(a)(i), the Bank shall pay the Stay Bonus to you, in cash and in full, on December 31, 2008. 
 (b) If you are entitled to a Stay Bonus under Section 2.1(a)(ii), the Bank shall pay the Stay
Bonus to you, in cash and in full, on the 60th day following the Change in Control (or the first business day thereafter, if such day is not a
business day). 
 (c) If you are entitled to a Stay Bonus under Section 2.1(a)(iii), and subject to Section 3.1, the Bank shall pay
the Stay Bonus to you, in cash and in full, not later than the latest of (i) the termination of your employment with the Bank and its Subsidiaries; (ii) eight (8) calendar days after execution and delivery by you (or your beneficiary
or personal representative, if applicable) of the Release, or (iii) the date on which such Release becomes effective. 
  

	2.4	Governmental Approval 

 The Bank’s obligation
to pay you any amounts under this Agreement is conditioned upon approval of the Agreement or of payment of such amounts (or upon review of the Agreement or of payment of such amounts, and failure to object thereto) by the FDIC and any other
governmental agency having jurisdiction over the Bank or its Subsidiaries, to the extent such approval (or review) is required by applicable laws or regulations. 
  

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	2.5	Escrow in the Event of a Change in Control 

 At such
time prior to or concurrently with the consummation of a Change in Control as shall be determined by the Bank in its sole and absolute discretion, the Bank will deposit into an escrow with a third-party escrow agent an amount equal to the Stay Bonus
(less any amounts that the Bank is obligated to withhold for taxes), and shall instruct the escrow agent to pay the Stay Bonus (less withholding taxes) to the Employee upon satisfaction of the conditions to earning the Stay Bonus pursuant to this
Agreement and at the time provided in this Agreement. 
 ARTICLE III 
 SPECIAL PROVISION FOR KEY EMPLOYEE 
 AND OTHER RIGHTS AND BENEFITS

  

	3.1	Deferred Payments to Key Employee 

 Notwithstanding
anything to the contrary in this Agreement, if you are a Key Employee and you become entitled to a Stay Bonus pursuant to Section 2.1(a)(iii), the Stay Bonus shall not be paid until a period of six months has elapsed from the date of your
separation of employment to the extent that such payment exceeds the lesser of (a) twice your annual compensation or (b) twice the amount set forth in Section 401(a)(17) of the Internal Revenue Code, Indexed. As of July 2007, the
latter amount is $225,000 for 2007 and twice that amount would be $450,000 for 2007. 
  

	3.2	Other Benefits 

 This Agreement does not provide a
pension for you, nor shall any payment hereunder be characterized as deferred compensation. Except as set forth in Section 3.3, neither the provisions of this Agreement nor the Stay Bonus provided for hereunder shall reduce any amounts
otherwise payable, or in any way diminish your rights as an employee, whether existing now or hereafter, under any written benefit, incentive, retirement, stock option, stock bonus or stock purchase plan or any written employment agreement or other
written plan or arrangement not related to severance. 
  

	3.3	Other Severance Plans Superseded 

 This Agreement
supersedes any and all severance plans of the Bank or its Subsidiaries and severance agreements between you and the Bank and its Subsidiaries, and your participation in any severance plan of the Bank and its Subsidiaries, or any other agreement
between you and the Bank and its Subsidiaries, is hereby terminated. Without limiting the generality of the foregoing, if you receive any severance payment in connection with termination of your employment by the Bank and its Subsidiaries without
Cause or by you for Good Reason, in either case prior to a Change in Control, your Stay Bonus determined under Article II shall be reduced by the amount of such severance payment. Notwithstanding the foregoing, this Agreement shall not be deemed to
terminate any Change in Control Plan entered into within 60 days prior to or at any time after the Date of Agreement. 
  

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	3.4	Employment Status 

 This Agreement does not
constitute a contract of employment or impose on you any obligation to remain in the employ of the Bank, nor does it impose on the Bank or any of its Subsidiaries any obligation to retain you in your present or any other position, nor does it change
the status of your employment as an employee at will. Nothing in this Agreement shall in any way affect the right of the Bank or any of its Subsidiaries in its absolute discretion to change or reduce your compensation at any time, or to change at
any time one or more benefit plans, including but not limited to pension plans, dental plans, health care plans, savings plans, bonus plans, vacation pay plans, disability plans, and the like. 
 ARTICLE IV 
 SUCCESSOR TO BANK 
 The Bank shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially
all the business or assets of the Bank, expressly and unconditionally to assume and agree to perform the Bank’s obligations under this Agreement, in the same manner and to the same extent that the Bank would be required to perform if no such
succession or assignment had taken place. In such event, the term “Bank,” as used in this Agreement, shall mean (from and after, but not before, the occurrence of such event) the Bank as hereinbefore defined and any successor or assignee
to the business or assets which by reason hereof becomes bound by the terms and provisions of this Agreement and the General Terms and Conditions. 
 ARTICLE V 
 CONFIDENTIALITY 
  

	5.1	Nondisclosure of Confidential Material 

 In the
performance of your duties, you have previously had, and may in the future have, access to confidential records and information, including, but not limited to, development, marketing, purchasing, organizational, strategic, financial, managerial,
administrative, manufacturing, production, distribution and sales information, data, specifications and processes now owned or at any time hereafter developed by the Bank or its agents or consultants or used at present or at any time hereafter in
the course of its business, that are not otherwise part of the public domain (collectively, the “Confidential Material”). All such Confidential Material is considered secret and has been and/or will be disclosed to you in
confidence. By your acceptance of this Agreement, you shall be deemed to have acknowledged that the Confidential Material constitutes proprietary information of the Bank which draws independent economic value, actual or potential, from not being
generally known to the public or to other persons who could obtain economic value from its disclosure or use, and that the Bank has taken efforts reasonable under the circumstances, of which this Section 5.1 is an example, to maintain its
secrecy. Except in the performance of your duties to the Bank, you shall not, directly or indirectly for any reason whatsoever, disclose or use any such Confidential Material, except that the foregoing disclosure prohibition shall not apply as to
Confidential Material that (a) has been publicly disclosed or was within your possession prior to its being 

  

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furnished to you by the Bank or becomes available to you on a nonconfidential basis from a third party (in any of such cases, not due to a breach by you of
your obligations to the Bank or by breach of any other person of a confidential, fiduciary or confidential obligation, the breach of which you know or reasonably should know), (b) is required to be disclosed by you pursuant to applicable law,
provided that you provide notice to the Bank of such requirement as promptly as possible, or (c) was independently acquired or developed by you without violating any of the obligations under this Agreement and without relying on Confidential
Material of the Bank. All records, files, drawings, documents, equipment and other tangible items, wherever located, relating in any way to the Confidential Material or otherwise to the Bank’s business, which you have prepared, used or
encountered or shall in the future prepare, use or encounter, shall be and remain the Bank’s sole and exclusive property and shall be included in the Confidential Material. Upon your termination of employment with the Bank, or whenever
requested by the Bank, you shall promptly deliver to the Bank any and all of the Confidential Material and copies thereof, not previously delivered to the Bank, that may be, or at any previous time has been, in your possession or under your control.

  

	5.2	Nonsolicitation of Employees 

 By your acceptance of
your Stay Bonus under this Agreement, you agree that, for a period of one (1) year following your termination of employment with the Bank or its Subsidiaries, neither you nor any Person or entity in which you have an interest shall solicit any
person who was employed on the date of your termination of employment by the Bank or any of its Subsidiaries to leave the employ of the Bank or any of its Subsidiaries. Nothing in this Section 5.2, however, shall prohibit you or any Person or
entity in which you have an interest from placing advertisements in periodicals of general circulation soliciting applications for employment, or from employing any person who answers any such advertisement. For purposes of this Section 5.2,
you shall not be deemed to have an interest in any corporation whose stock is publicly traded merely because you are the owner of not more than two percent (2%) of the outstanding shares of any class of stock of such corporation, provided you
have no active participation in the business of such corporation (other than voting your stock) and you do not provide services to such corporation in any capacity (whether as an employee, an independent contractor or consultant, a board member, or
otherwise). 
  

	5.3	Equitable Relief 

 By your acceptance of this
Agreement, you shall be deemed to have acknowledged that violation of Sections 5.1 or 5.2 would cause the Bank irreparable damage for which the Bank cannot be reasonably compensated in damages in an action at law, and that, therefore, in the event
of any breach by you of Sections 5.1 or 5.2, the Bank shall be entitled to make application to a court of competent jurisdiction for equitable relief by way of injunction or otherwise (without being required to post a bond). This provision shall
not, however, be construed as a waiver of any of the rights which the Bank may have for damages under this Agreement or otherwise, and, except as limited in this Article V, all of the Bank’s rights and remedies shall be unrestricted.

  

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 ARTICLE VI 
 MISCELLANEOUS 
  

	6.1	Amendment 

 Any term of this Agreement may be
amended, changed, substituted, deleted, revoked or terminated only with the written consent of the parties. No agreement or representations, written or oral, express or implied, with respect to the subject matter hereof, have been made by the Bank
which are not expressly set forth in this Agreement. 
  

	6.2	Termination 

 (a) This Agreement shall terminate
upon the first to occur of the following: 
 (i) Upon termination of your employment (provided that this termination shall not
terminate your right to the Stay Bonus under Section 2.1(a)(iii) in connection with such termination); 
 (ii) At 11:59
P.M. California time on December 31, 2008 (provided that this termination shall not terminate your right to the Stay Bonus if you are employed by the Bank and/or its Subsidiaries on that date); or 
 (iii) Upon payment of the Stay Bonus to you. 
 (b) Notwithstanding the termination of this Agreement: 
 (i) Your obligations under Article V
shall continue; and 
 (ii) any matters relating to this Agreement after such termination (including any disputes or
controversies) shall continue to be governed by the General Terms and Conditions. 
  

	6.3	Administration 

 This Plan constitutes a welfare
benefit plan within the meaning of Section 3(1) of ERISA. This document constitutes the governing document of the Plan. The Administrator of the Plan, within the meaning of Section 3(16) of ERISA, and the Named Fiduciary thereof, within
the meaning of Section 402 of ERISA, is the Bank. Attached hereto as Exhibit “B” is a statement of your rights under ERISA. 
  

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 EXHIBIT A 
 SEPARATION AND GENERAL RELEASE AGREEMENT 
 TO THE STAY BONUS AGREEMENT 
 PLEASE READ THIS AGREEMENT CAREFULLY. IT CONTAINS A RELEASE OF ALL 
 KNOWN AND UNKNOWN CLAIMS. 
 This Separation and General Release Agreement (the “Agreement”) is
made this              day of             ,
            , by and between Beverly Hills Bancorp Inc., a Delaware corporation (the “Company”), and
                                        
                                        
(“Employee”), with reference to the following facts: 
 A. Employee’s rights to receive the Stay Bonus and certain other
benefits under the Stay Bonus Agreement (the “SBA”) are conditioned upon Employee’s execution and delivery of this Agreement. 
 NOW, THEREFORE, the Company and Employee hereby agree as follows: 
 1. STAY BONUS. Subject to the terms and limitations of the SBA,
Employee shall receive the Stay Bonus and all other benefits under Article II of the SBA if Employee satisfies all conditions set forth in the SBA to the receipt of the Stay Bonus and such other benefits. The Stay Bonus and all other benefits under
Article II of the SBA are conditioned upon (among other things), and will not be payable until (a) Employee’s execution and delivery of this Agreement, (b) Employee’s termination of employment with the Company and all of its
Subsidiaries, and (c) if Employee is at least forty (40) years old, the expiration of the revocation period set forth in paragraph 4(e) of this Agreement. 
 2. RELEASE. In consideration of the terms and provisions of this Agreement, Employee hereby knowingly and voluntarily on behalf of Employee and Employee’s spouse and dependents, if any, as well as Employee’s
descendants, ancestors, representatives, heirs, executors, administrators, grantees, assigns and successors-in-interest, and each of them, forever relieves, releases and discharges the Company and its Subsidiaries and their respective predecessors,
successors, heirs, assignees, owners, members, attorneys, representatives, affiliates, officers, directors, agents, employees, servants, executors, administrators, accountants, shareholders, investigators, employee benefit plans and trustees and any
and all other related individuals and entities, from any and all claims, debts, liabilities, demands, obligations, liens, promises, acts, agreements, costs and expenses (including, but not limited to, attorney’s fees), damages, actions and
causes of action,· of whatever kind or nature, including, without limitation, any statutory, civil or administrative claim, or any claim, arising out of acts, whether known or unknown, suspected or unsuspected, fixed or contingent, apparent
or not, including, but not limited to, any claims based on, arising out of, related to or connected with Employee’s employment with, or termination of employment from, the Company or any of its Subsidiaries, including, but not limited to, any
claims arising from federal, state or local laws which prohibit discrimination of the basis of race, national origin, religion, age, sex, marital status, pregnancy, disability, perceived disability, ancestry, sexual orientation, family or personal
leave, or any other form of 

  

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discrimination, or from laws such as worker’s compensation laws which provide rights and remedies for injuries sustained in the workplace, or from any
common law claims of any kind, including, but not limited to, contract, tort, or property rights, including, but not limited to, breach of contract, breach of the implied covenant of good faith and fair dealing, tortious interference with contract
or current or prospective economic advantage, fraud, deceit, breach of privacy, misrepresentation, defamation, wrongful termination, tortious infliction of emotional distress, loss of consortium and breach of fiduciary duty, violation of public
policy and any other common law claim of any kind whatever, any claims for severance pay, sick leave, family leave, vacation, life insurance, bonuses, health insurance, disability or medical insurance or any other fringe benefit or compensation, or
from any and all rights or claims arising under the Worker Adjustment and Retraining Notification Act, 29 U.S.C. § 2101 et seq. (“WARN”) and the Employee Retirement Income Security Act of 1974 (“ERISA”);
provided, however, that the foregoing Release shall not extend to amounts to be paid or benefits to be provided to Employee under the express terms of the SBA nor shall it extend to any amounts otherwise payable under any written
benefit, incentive, retirement, stock option, stock bonus or stock purchase plan or any written employment agreement or other written plan or arrangement related to severance (the foregoing released matters, excluding the excluded matters referred
to in the foregoing proviso, are referred to as the “Released Matters”). 
 3. GENERAL RELEASE; WAIVER OF RIGHTS. Employee hereby
waives all rights under California Civil Code Section 1542 and any other federal or state statutory rights or rules or principles of common law or equity similar to Section 1542 solely with respect to claims directly or indirectly arising
from and/or related to the Released Matters (it being understood that Employee is not waiving or releasing claims with respect to any other matters), which provides as follows: 
 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OF SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE WHICH,
IF KNOWN BY HIM, MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR. 
 4. ADEA RELEASE. If Employee is at least forty
(40) years old, Employee agrees and expressly acknowledges that this Agreement includes a waiver and release of all claims which Employee has or may have under the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 621,
et seq. (“ADEA”). If Employee is at least forty (40) years old, the following terms and conditions apply to and are part of the waiver and release of ADEA claims under this Agreement: 
 (a) The waiver and release of claims under the ADEA contained in this Agreement do not cover rights or claims that may arise after the
date on which Employee signs this Agreement. 
 (b) This Agreement involves consideration in addition to anything of value to
which Employee is already entitled. 
  

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 (c) Employee is advised to consult an attorney before signing this Agreement. If Employee
executes this Agreement prior to the expiration of the period specified in paragraph 4(d) below, Employee does so voluntarily and after having had the opportunity to consult with an attorney. 
 (d) Employee is granted twenty-one (21) days after Employee is presented with this Agreement to decide whether or not to sign this
Agreement. 
 ( e) Employee will have the right to revoke the waiver and release of claims under the ADEA within seven
(7) days after Employee’s termination of employment with the Company and all of its Subsidiaries and execution of this Agreement. This paragraph 4 shall not become effective or enforceable until that revocation period has expired and
Employee understands and agrees that no consideration shall be paid to Employee pursuant to this Agreement or under the SBA until the revocation period has expired without this Agreement having been revoked (or, if any consideration has been
previously paid, Employee shall refund such consideration to the Company if Employee revokes the waiver and release of ADEA claims). 
 5.
ENTIRE AGREEMENT. This Agreement contains the entire agreement and understanding concerning the subject matters between the parties and supersedes and replaces all prior agreements, whether written or oral, express or implied, concerning the subject
matters hereof. 
 6. RIGHT TO CONSULT ATTORNEY. Employee represents and agrees that Employee fully understands the right to discuss all
aspects of this Agreement with the Employee’s private attorney, that to the extent desired Employee has availed himself or herself of this right, and that Employee is voluntarily entering into this Agreement. Employee acknowledges that by being
given this Agreement to review, Employee has been advised in writing to consult with counsel prior to executing this Agreement. 
 7.
CAPITALIZED TERMS. All capitalized terms used in this Agreement and not otherwise defined herein shall have the same meaning as in the SBA. 
 8. NO ADMISSION. Employee understands this Agreement is not an admission of liability by any party. 
  

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 EMPLOYEE ACKNOWLEDGES THAT EMPLOYEE HAS READ THIS AGREEMENT, UNDERSTANDS IT AND IS VOLUNTARILY ENTERING INTO IT.

  

					
			
	  	 		 	  
	Signature of Employee	 		 	Dated
			
	  	 		 	  
	Printed Name of Employee	 		 	Address of Employee
			
	  	 		 	  
	Signature and Title of Company Representative	 		 	Dated

  

 A-4 

 EXHIBIT B 
 ERISA INFORMATION AND RIGHTS 
 Information Provided Under ERISA. The Plan is an unfunded welfare
plan, maintained on a calendar year basis. The Company is the Plan sponsor, Plan Administrator, and agent for service of legal process. The Company bears the costs of all benefits under the Plan. 
 The “Company” is Beverly Hills Bancorp Inc. whose address, telephone number, and employer identification number are as follows: 
 Beverly Hills Bancorp Inc. 
 23901 Calabasas
Road 
 Suite 1050 
 Calabasas,
California 91302 
 Telephone No.: (818) 223-8084 
 Employer Identification No.: 94-251-4623 
 The Plan number of this Plan is 503. 
 Statement of ERISA Rights. A Participant in the Plan is entitled to certain rights and protections under a federal law known as “ERISA.” ERISA
provides that all Plan Participants shall be entitled to examine, without charge, at the Plan Administrator’s office, all Plan documents and the Plan’s annual report, if any. Copies of these documents and other Plan information may also be
obtained upon written request to the Plan Administrator. A reasonable charge may be made for copies. 
 In addition to creating rights for Plan Participants,
ERISA imposes duties upon the people who are responsible for the operation of this Plan. The people who operate this Plan, called “fiduciaries” of the Plan, have a duty to do so prudently and in the interest of you and other Plan
Participants. No one, including your employer or any other person, may fire you or otherwise discriminate against you in any way to prevent you from obtaining benefits or exercising your rights under ERISA. If your claim for benefits is denied in
whole or in part, you must receive a written explanation of the reason for this denial. You have the right to have the Plan Administrator review and reconsider your claim, as described in the Plan. 
 Under ERISA, there are steps you can take to enforce the above rights. For instance, if you request materials from the Plan Administrator and do not receive them within
30 days, you may file a claim as provided in the Plan, or initiate an arbitration proceeding. In such a case, the arbitrator may require the Plan Administrator to provide the materials and pay you up to $100 a day until you receive the materials,
unless the materials were not sent because of reasons beyond the control of the Plan Administrator. If you have a claim for benefits which is denied or ignored, in whole or in part, you may file a claim as provided in the Plan, or initiate an
arbitration proceeding. If you are discriminated against for asserting your rights, you may seek assistance from the U.S. Department of Labor, you may file a claim as provided in the Plan, or you may initiate an arbitration proceeding. An arbitrator
will decide who should pay the costs and legal fees of the claim. If you are successful, the arbitrator may order the person you have sued to pay these costs and fees. If you lose, the arbitrator may order you to pay these costs and fees, for
example, if he or she finds your claim is frivolous. 

 If you have any questions about the Plan, you should contact the Plan Administrator. If you have any questions about this
statement or about your rights under ERISA, you should contact the nearest office of the Pension and Welfare Benefits Administration, U.S. Department of Labor listed in your telephone directory or the Division of Technical Assistance and Inquiries,
Pension and Welfare Benefits Administration, U.S. Department of Labor, 200 Constitution Avenue N.W., Washington D.C. 20210. 
  

 - 2 - 

 June 2007 
 FIRST BANK OF BEVERLY HILLS 
 GENERAL TERMS AND CONDITIONS 
 to the 
 CHANGE IN CONTROL PLAN and
the STAY BONUS AGREEMENT 
 All capitalized terms not defined herein shall have the same meanings as set forth in the applicable Change
in Control Plan or the Stay Bonus Agreement, respectively. For purposes of these General Terms and Conditions only, the “Agreement” shall mean the Change in Control Plan and/or the Stay Bonus Agreement, as applicable. 
 ARTICLE VII 
 ARBITRATION

 Unless equitable relief is otherwise provided in the Agreement, arbitration in accordance with the then most applicable rules of the
American Arbitration Association shall be the exclusive remedy for resolving any dispute or controversy between you and the Bank or any of its Subsidiaries, including, but not limited to, any dispute regarding your employment or the termination of
your employment or any dispute regarding the application, interpretation or validity of the Agreement not otherwise resolved through the claims procedure set forth in Section 2.7 herein. The arbitrator shall be empowered to grant only such
relief as would be available in a court of law. In the event of any conflict between the Agreement and the rules of the American Arbitration Association, the provisions of the Agreement shall be determinative. If the parties are unable to agree upon
an arbitrator, they shall select a single arbitrator from a list of seven arbitrators designated by the office of the American Arbitration Association having responsibility for the city in which you primarily performed services for the Bank or its
Subsidiaries immediately before your termination of employment, all of whom shall be retired judges who are actively involved in hearing private cases or members of the National Academy of Arbitrators, and who, in either event, are residents of the
area in which you primarily performed services for the Bank or its Subsidiaries immediately before your termination of employment. If the parties are unable to agree upon an arbitrator from such list, they shall each strike names alternatively from
the list, with the first to strike being determined by lot. After each party has used three strikes, the remaining name on the list shall be the arbitrator. The fees and expenses of the arbitrator shall initially be borne equally by the parties;
provided, however, that each party shall initially be responsible for the fees and expenses of its own representatives and witnesses. Unless mutually agreed otherwise by the parties, any arbitration shall be conducted at a location within fifty
(50) miles from the location in which you primarily performed services for the Bank or any of its Subsidiaries immediately before your termination of employment. If the parties cannot agree upon a location for the arbitration, the arbitrator
shall determine the location within such fifty (50) mile radius. Judgment may be entered on the award of the arbitrator in any court having jurisdiction. The prevailing party in the arbitration proceeding, as determined by the arbitrator, and
in any enforcement or other court proceedings, shall be entitled to the extent provided by law to reimbursement from the other party for all of the prevailing party’s costs (including but not limited to the arbitrator’s compensation),
expenses and reasonable attorneys’ fees. 

 ARTICLE VIII 
 MISCELLANEOUS 
  

	8.1	Applicable Law 

 To the extent not preempted by the
laws of the United States, the laws of the State of California shall be the controlling law in all matters relating to the Agreement, regardless of the choice-of-law rules of the State of California or any other jurisdiction. 
  

	8.2	Construction 

 No term or provision of the Agreement
shall be construed so as to require the commission of any act contrary to law, and wherever there is any conflict between any provision of the Agreement and any present or future statute, law, ordinance, or regulation, the latter shall prevail, but
in such event the affected provision of the Agreement shall be curtailed and limited only to the extent necessary to bring such provision within the requirements of the law. 
  

	8.3	Severability 

 If a provision of the Agreement shall
be held illegal or invalid, the illegality or invalidity shall not affect the remaining parts of the Agreement and the Agreement shall be construed and enforced as if the illegal or invalid provision had not been included. 
  

	8.4	Headings 

 The Section headings in the Agreement are
inserted only as a matter of convenience, and in no way define, limit, or extend or interpret the scope of the Agreement or of any particular Section. 
  

	8.5	Assignability 

 Your rights or interests under the
Agreement shall not be assignable or transferable (whether by pledge, grant of a security interest, or otherwise) by you, your beneficiaries or legal representatives, except by will or by the laws of descent and distribution. 
  

	8.6	Notices 

 For purposes of the Agreement, notices and
all other communications provided for herein shall be in writing and shall be deemed to have been duly given when personally delivered, telecopied, or sent by certified or overnight mail, return receipt requested, postage prepaid, addressed to the
respective addresses, or sent to the respective telecopier numbers, last given by each party to the other, provided that all notices to the Bank shall be directed to the attention of the Board of Directors. All notices and communications shall be
deemed to have been received on the date of delivery thereof if personally delivered, upon return confirmation if telecopied, on the third business day after the mailing thereof, or on the date after sending by overnight mail, except that notice of
change of address shall be effective only upon actual receipt. No objection to the method of delivery may be made if the written notice or other communication is actually received. 
  

 - 2 - 

	8.7	Claims 

 If you believe you are entitled to a
benefit under the Agreement, you may make a claim for such benefit by filing with the Bank a written statement setting forth the amount and type of payment so claimed. The statement shall also set forth the facts supporting the claim. The claim may
be filed by mailing or delivering it to the Secretary of the Bank. 
 Within sixty (60) calendar days after receipt of such a claim, the
Bank shall notify you in writing of its action on such claim and if such claim is not allowed in full, shall state the following in a manner calculated to be understood by you: 
 (a) The specific reason or reasons for the denial; 
 (b) Specific reference to pertinent provisions of the Agreement on which the denial is based; 
 (c) A description of any additional
material or information necessary for you to be entitled to the benefits that have been denied and an explanation of why such material or information is necessary; and 
 (d) An explanation of the Agreement’s claim review procedure. 
 If you disagree with the action taken
by the Bank, you or your duly authorized representative may apply to the Bank for a review of such action. Such application shall be made within one hundred twenty (120) calendar days after receipt by you of the notice of the Bank’s action
on your claim. The application for review shall be filed in the same manner as the claim for benefits. In connection with such review, you may inspect any documents or records pertinent to the matter and may submit issues and comments in writing to
the Bank. A decision by the Bank shall be communicated to you within sixty (60) calendar days after receipt of the application. The decision on review shall be in writing and shall include specific reasons for the decision, written in a manner
calculated to be understood by you, and specific references to the pertinent provisions of the Agreement on which the decision is based. 
  

 - 3 -Stock Appreciation Right Agreement

 EXHIBIT 10.28 
 BEVERLY HILLS BANCORP INC. 
 STOCK APPRECIATION RIGHT CERTIFICATE 
 (SAR) 
 THIS IS TO CERTIFY that Beverly
Hills Bancorp Inc., a Delaware corporation (the “Company”), has granted to the director and/or officer named below (“Holder”) a stock appreciation right (“SAR”) with respect to the number of shares
of the Company’s common stock (the “Common Stock”) set forth below (the “Shares”) to receive cash as of each exercise equal to the excess of the fair market value of a Share at that time over the fair market
value of a Share at the Date of Grant of the SAR (the “Base Value”) upon the terms and conditions set forth below: 
  

			
	 Name of Holder:
	  	Larry B. Faigin
	 Address of Holder:
	  	
		  	 
		  	
		  	 
	 Number of Shares:
	  	400,000 shares
	 Base Value (Fair Market Value as of the Date of Grant) Per Share:
	  	$7.86
	 Date of Grant:
	  	June 27, 2007
	 Expiration Date:
	  	September 27, 2008

 Exercise Schedule: The SAR shall become exercisable (“vest”) as follows:

  

			
	 Exercise Date
	  	No. of Shares
	 Payable in cash only. The SARs vest immediately.
	  	

 IN WITNESS WHEREOF, the Company has granted to Holder the SAR as of the Date of Grant set forth
above. 
  

									
	HOLDER	 		 	BEVERLY HILLS BANCORP INC.
		 		 	23901 Calabasas Road, Suite 1050
		 		 	Calabasas, CA 91302
					
		 	 	 		 	By	 	 
		 	Larry B. Faigin	 		 	Its	 	Vice Chairman of the Board

 STOCK APPRECIATION RIGHT AGREEMENT 
 This STOCK APPRECIATION RIGHT AGREEMENT (this “Agreement”) is made and entered into as of the Date of Grant set forth in the Stock
Appreciation Right Certificate to which this Agreement is attached (the “Certificate”) by and between Beverly Hills Bancorp Inc., a Delaware corporation (the “Company”), and the holder (the
“Holder”) named in the Certificate. 
 Capitalized terms not otherwise defined in this Agreement shall have the meanings
ascribed to them in the Certificate. 
 The Company and Holder agree as follows: 
 1. Grant of SAR. The Company hereby grants to Holder, upon the terms and subject to the conditions set forth in this Agreement, a stock
appreciation right (the “SAR”) to receive upon each exercise cash in the amount equal to the number of Shares with respect to which the SAR is exercised multiplied by the amount by which the Fair Market Value exceeds the Base Value
set forth in the Certificate. 
 2. Fair Market Value. The “Fair Market Value” shall be determined as follows:

 2.1. If on the date of exercise (or deemed exercise) of the SAR the Common Stock is listed or traded on a national
securities exchange, the Nasdaq Stock Market, the OTC Bulletin Board, or similar trading market, or is regularly quoted by a recognized securities dealer and selling prices are reported, the Fair Market Value shall be the closing price of the Common
Stock on the date of exercise or if, a closing sales price is not reported, the Fair Market Value shall be the mean between the high bid and low asked quotations for the Common Stock on the date of exercise. If the exercise occurs on a date that the
securities markets are not open, the Fair Market Value shall be determined as of the first date after the date of exercise that the securities markets are open. 
 2.2. If the Fair Market Value cannot be determined in accordance with Section 2.1, the Fair Market Value shall be determined in good
faith by the Board of Directors (or a committee of the Board authorized to make such determination) (the “Administrator”), with reference to various factors determined to be appropriate by the Administrator, which might include the
Company’s net worth, amounts paid for stock of the Company in financings involving sophisticated investors, prospective earning power, dividend-paying capacity, and other relevant factors, including the goodwill of the Company, the economic
outlook in the Company’s industry, the Company’s position in the industry, the Company’s management, and the values of stock of other corporations in the same or a similar line of business. 
 3. Vesting 
 3.1. The
SAR shall “vest” and become exercisable in installments upon and after the date[s] set forth under the caption “Exercise Schedule” in the Certificate. The installments shall be cumulative; i.e., the SAR may be exercised,
with respect to any or all Shares covered by an installment, at any time or times after the installment first becomes exercisable and until the Expiration Date. 
  

 2 

 3.2. No vesting shall occur after the Service Termination Date (as defined in
Section 4.5 of this Agreement). 
 4. Exercise of the SAR 
 4.1. Except in circumstances where the SAR is deemed exercised, the SAR may be exercised, in whole or in part, only by delivery to the
Company of written notice of the exercise of the SAR substantially in the form of Exhibit “A” attached to this Agreement stating the number of Shares with respect to which the SAR is being exercised. 
 4.2. The SAR may only be exercised during such period that under policies approved by the Board of Directors of the Company, directors and
officers of the Company may publicly sell securities of the Company. If the Board of Directors does not have such a policy, the SAR may not be exercised during the period commencing 15 days before the end of each calendar quarter and ending two
business days after the first to occur of the filing of the Form 10-Q with the Securities and Exchange Commission for such quarter (or Form 10-K with respect to the fourth quarter of the fiscal year) or the public announcement of the Company’s
earnings for such period. This limitation shall not be applicable in connection with a deemed exercise upon consummation of a Corporate Transaction or upon the Expiration Date or Service Termination Date. 
 4.3. Following receipt of the exercise notice, the Company shall, within five days, make the cash payment provided for in this Agreement,
without interest; provided, however, that if the determination of the Fair Market Value must be made by the Administrator in accordance with Section 2.2 of this Agreement, the payment may be deferred until that Administrator makes the
determination, but not more than 35 days after the date of exercise. 
 4.4. Upon request, Holder shall also deliver this
Agreement and Certificate to the Secretary of the Company, who shall endorse a notation of the exercise and return the Agreement and Certificate to Holder. 
 4.5. Termination of SAR; Deemed Exercise. The SAR shall terminate and expire upon the earliest to occur of: (a) the Expiration Date; (b) the date Holder ceases to be in the service (as a director or
employee) of the Company (or its successor by reason of a merger or consolidation) and any subsidiary of the Company (the “Service Termination Date”); and (c) the consummation of a Corporate Transaction. For purposes of
clarification, if Holder is a director of the Company and of a subsidiary of the Company, the fact that the Holder ceases being a director only of the subsidiary shall not trigger the Service Termination Date. If on the Expiration Date or the
Service Termination Date the Fair Market Value exceeds the Base Value, notwithstanding the limitations under Section 4.2 of this Agreement, the SAR shall be deemed exercised (to the extent vested) immediately prior to such termination and the
Company shall pay Holder (or his estate) the amount contemplated by Section 1 of this Agreement. For this purpose, if the Corporate Transaction is a merger or consolidation in which the shareholders of the Company receive only cash for their
shares of Common Stock, the Fair Market Value shall be deemed to be the amount of cash per share to which the common shareholders are entitled to receive in the transaction (excluding any funds held back or deposited into an escrow for
indemnification claims). 
  

 3 

 5. Changes in Capital Structure 
 5.1. If outstanding shares of Common Stock shall be subdivided into a greater number of shares, or a dividend in Common Stock shall be
paid in respect of Common Stock, the Base Value of the SAR in effect immediately prior to such subdivision or at the record date of such dividend shall, simultaneously with the effectiveness of such subdivision or immediately after the record date
of such dividend, be proportionately reduced, and conversely, if outstanding shares of the Common Stock shall be combined into a smaller number of shares, the Base Value of the SAR in effect immediately prior to such combination shall,
simultaneously with the effectiveness of such combination, be proportionately increased. 
 5.2. When any adjustment is
required to be made in the Base Value, the number of Shares with respect to which the SAR is then unexercised shall be adjusted to that number of Shares determined by dividing (a) an amount equal to the number of such Shares immediately prior
to such adjustment, multiplied by the Base Value in effect immediately prior to such adjustment, by (b) the Base Value in effect immediately after such adjustment. 
 6. Corporate Transactions 
 6.1. In the event of a Corporate Transaction, the SAR
shall be deemed exercised in full as of the consummation of the Corporate Transaction, irrespective of the vesting provisions, and for this purpose, the Fair Market Value shall be determined as if the exercise date was the trading day immediately
preceding the consummation of the Corporate Transaction. 
 6.2. A “Corporate Transaction” means: 

6.2.1 a liquidation or dissolution of the Company; 
 6.2.2 a merger or consolidation of the Company with or into another corporation or entity in which the Company is not the surviving
corporation (other than a merger with a wholly owned subsidiary); 
 6.2.3 a merger or consolidation of the Company (or a
triangular merger involving a subsidiary of the Company) where the Company is the surviving corporation but with respect to which the shareholders of the Company immediately prior to the merger or consolidation hold less than 50% of the outstanding
Common Stock of the Company immediately following the merger or consolidation; or 
 6.2.4 the sale of all or substantially
all of the assets of the Company in a single transaction or a series of related transactions. 
 7. General Provisions 
 7.1. Notices. All notices, requests, demands and other communications (collectively, “Notices”) given pursuant to
this Agreement shall be in writing, and shall be delivered by personal service, courier, or by United States first class, registered or certified mail, postage prepaid, addressed to the party at the address set forth on the signature page of this
Agreement. Any Notice, other than a Notice sent by registered or certified mail, shall be effective when received; a Notice sent by registered or certified mail, postage prepaid return receipt requested, shall be effective on the earlier of when
received or the third day following deposit in the United States mails. Any party may from time to time change its address for further Notices hereunder by giving notice to the other party in the manner prescribed in this section. 
  

 4 

 7.2. Failure to Enforce Not a Waiver. The failure of the Company to enforce any
provision of this Agreement shall is no way be construed to be a waiver of such provision or of any other provision hereof. 
 7.3. Governing Law. This Agreement shall be governed by and construed in accordance with the law of the State of California applicable to contracts made in, and to be performed within, that State. 
 7.4. SAR Non-transferable. Holder may not sell, transfer, assign or otherwise dispose of the SAR except by will or the laws of
descent and distribution, and only Holder or his or her legal representative or guardian may exercise the SAR during Holder’s lifetime. 
 7.5. Successors and Assigns. Except to the extent specifically limited by the terms and provision of this Agreement, this Agreement shall be binding upon and inure to the benefit of the parties hereto and their
respective successors, assigns, heirs and personal representatives. 
 7.6. Miscellaneous. Titles and captions
contained in this Agreement are inserted for convenience of reference only and do not constitute a part of this Agreement for any other purpose. Except as specifically provided herein, neither this Agreement nor any right pursuant hereto or interest
herein shall be assignable by any of the parties hereto without the prior written consent of the other party hereto. 
 7.7.
Tax Treatment. Holder understands that the exercise of the SAR will give rise to ordinary taxable income to him or her. The Company makes no representations with respect to and hereby disclaims all responsibility as to the tax treatment of
the SAR. 
 The signature page of this Agreement consists of the last page of the Certificate. 
  

 5 

 EXHIBIT “A” 
 NOTICE OF EXERCISE 
 (To be signed only upon exercise of the SAR) 
  

	TO:	Beverly Hills Bancorp Inc. 

 The undersigned, the holder of
the Stock Appreciation Right (SAR), Date of Grant             , 20__. hereby irrevocably elects to exercise the SAR to receive in cash the appreciation with respect to
             shares of Common Stock of Beverly Hills Bancorp Inc. 
  

			
		
	Dated:	 	 

  

	
	 
	(Signature must conform in all respects to name
of holder as specified on the face of the SAR)
	
	 
	
	 
	(Address)
	
	  
	Social Security Number

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