Document:

Exhibit 10.1

                            UNITED STATES OF AMERICA
                                   BEFORE THE
                BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
                                WASHINGTON, D.C.

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                                         |
Written Agreement by and between         |
                                         |            Docket No. 09-207-WAIRB-HC
STERLING FINANCIAL CORPORATION           |
Spokane, Washington                      |
                                         |
and                                      |
                                         |
FEDERAL RESERVE BANK OF                  |
 SAN FRANCISCO                           |
San Francisco, California                |
                                         |
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     WHEREAS, Sterling Financial Corporation, Spokane, Washington ("SFC"), a
registered bank holding company, owns and controls Sterling Savings Bank,
Spokane, Washington, a state nonmember bank, a state savings bank (collectively,
the "Banks"), and various nonbank subsidiaries;

     WHEREAS, it is the common goal of SFC and the Federal Reserve Bank of San
Francisco (the "Reserve Bank") to maintain the financial soundness of SFC so
that SFC may serve as a source of strength to the Banks;

     WHEREAS, SFC and the Reserve Bank have mutually agreed to enter into this
Written Agreement (the "Agreement"); and

WHEREAS, on December 17, 2009, the board of directors of SFC, at a duly
constituted meeting, adopted a resolution authorizing and directing William L.
Eisenhart to enter into this Agreement on behalf of SFC, and consenting to
compliance with each and

<PAGE>

every provision of this Agreement by SFC and its institution-affiliated parties,
as defined in sections 3(u) and 8(b)(3) of the Federal Deposit Insurance Act, as
amended (the "FDI Act") (12 U.S.C. Sec. 1813(u) and 1818(b)(3)).

     NOW, THEREFORE, SFC and the Reserve Bank agree as follows:

Risk Management

     1.      Within 60 days of this Agreement, SFC shall submit to the
Reserve Bank an acceptable written plan to strengthen risk management. The plan
shall, at a minimum, address, consider, and include:

             (a)  The  effectiveness  of  SFC's  board of directors, and
committees thereof, and senior management in carrying out their responsibilities
to oversee SFC's  risk  management  systems  and to set the company's appetite
for risk and risk  levels;  and

              (b)  the  adequacy  of SFC's risk assessments along business lines
and legal  entities,  and  on  a  consolidated  basis.

Dividends and Distributions

     2.      (a)  SFC  shall  not declare or pay any dividends without the prior
written approval of the Reserve Bank and the Director of the Division of Banking
Supervision  and  Regulation  (the  "Director") of the Board of Governors of the
Federal  Reserve  System  (the  "Board  of  Governors").

             (b)  SFC  shall not directly or indirectly take dividends or any
other form  of  payment representing a reduction in capital from the Banks
without the prior  written  approval  of  the  Reserve  Bank.

                                        2
<PAGE>

             (c)  SFC and its nonbank subsidiaries shall not make any
distributions of  interest,  principal,  or  other  sums  on  subordinated
debentures or trust preferred  securities without the prior written approval of
the Reserve Bank and the  Director.

             (d)  All  requests for prior approval shall be received by the
Reserve Bank  at least 30 days prior to the proposed dividend declaration date,
proposed distribution  on  subordinated  debentures,  and  required notice of
deferral on trust  preferred  securities.  All requests shall contain, at a
minimum, current and  projected information on SFC's capital, earnings, and cash
flow; the Banks' capital,  asset  quality, earnings, and allowance for loan and
lease losses; and identification of the sources of funds for the proposed
payment or distribution. For  requests  to  declare  or pay dividends, SFC must
also demonstrate that the requested  declaration  or  payment of dividends is
consistent with the Board of Governors'  Policy  Statement  on  the Payment of
Cash Dividends by State Member Banks  and  Bank  Holding  Companies,  dated
November 14, 1985 (Federal Reserve Regulatory  Service, 4-877  at  page  4-323).

Debt and Stock Redemption

     3.     (a)     SFC and any nonbank subsidiary, shall not, directly or
indirectly, incur, increase, or guarantee any debt without the prior written
approval of the Reserve Bank. All requests for prior written approval shall
contain, but not be limited to, a statement regarding the purpose of the debt,
the teens of the debt, and the planned source(s) for debt repayment, and an
analysis of the cash flow resources available to meet such debt repayment.

            (b)     SFC  shall  not,  directly  or indirectly, purchase or
redeem any shares  of  its  stock  without  the prior written approval of the
Reserve Bank.

                                        3
<PAGE>

Capital Plan

     4.      Within 60 days of this Agreement, SFC shall submit to the
Reserve Bank an acceptable written plan to maintain sufficient capital at SFC on
a consolidated basis. The plan shall, at a minimum, address, consider, and
include:

             (a)  The consolidated organization's and the Banks' current and
future capital  requirements, including compliance with the Capital Adequacy
Guidelines for  Bank  Holding  Companies:  Risk-Based  Measure and Tier 1
Leverage Measure, Appendices  A  and  D  of Regulation Y of the Board of
Governors (12 C.F.R. Part 225,  App. A and D) and the applicable capital
adequacy guidelines for the Banks issued  by  the  Banks'  federal  regulator;

             (b)  the adequacy of the Banks' capital, taking into account the
volume of  classified  credits,  concentrations of credit, allowance for loan
and lease losses,  current  and  projected  asset growth, and projected retained
earnings;

             (c)  the source and timing of additional funds necessary to fulfill
the consolidated organization's and the Banks' future capital requirements;

             (d)  supervisory  requests  for additional capital at the Banks or
the requirements  of  any  supervisory  action imposed on the Banks by their
federal regulators;  and

             (e)  the requirements of section 225.4(a) of Regulation Y of the
Board of Governors (12 C.F.R. Sec. 225.4(a)) that SFC serve as a source of
strength to the  Banks.

     5.      SFC shall notify the Reserve Bank, in writing, no more than 30
days after the end of any quarter in which any of SFC's capital ratios fall
below the approved plan's minimum ratios. Together with the notification, SFC
shall submit an acceptable written plan that details the steps that SFC will
take to increase SFC's capital ratios to or above the approved plan's minimums.

                                        4
<PAGE>

Liquidity/ Funds Management

     6.      Within 60 days of this Agreement, SFC shall submit to the
Reserve Bank an acceptable written contingency funding plan that, at a minimum,
identifies available sources of liquidity and includes adverse scenario
planning.

Cash Flow Projections

     7.      Within 30 days of this Agreement, SFC shall submit to the
Reserve Bank a written statement of its planned sources and uses of cash for
debt service, operating expenses, and other purposes ("Cash Flow Projection")
for 2010. SFC shall submit to the Reserve Bank a Cash Flow Projection for each
calendar year subsequent to 2010 at least one month prior to the beginning of
that calendar year.

Compliance with Laws and Regulations

     8.      (a)   In appointing any new director or senior executive officer,
or changing the responsibilities of any senior executive officer so that the
officer would assume a different senior executive officer position, SFC shall
comply with the notice provisions of section 32 of the FDI Act (12 U.S.C. Sec.
18310 and Subpart H of Regulation Y of the Board of Governors (12 C.F.R. Sec.
225.71 et seq.).

             (b)   SFC shall comply with the restrictions on indemnification and
severance  payments of section 18(k) of the FDI Act (12 U.S.C. Sec. 1828(k)) and
Part  359  of the Federal Deposit Insurance Corporation's regulations (12 C.F.R.
Part  359).

Progress Reports

     9.      Within 30 days after the end of each calendar quarter following
the date of this Agreement, the board of directors shall submit to the Reserve
Bank written progress reports detailing the form and manner of all actions taken
to secure compliance with the provisions of

                                        5
<PAGE>

this Agreement and the results thereof, and a parent company only balance sheet,
income statement, and, as applicable, report of changes in stockholders' equity.

Approval and Implementation of Plans

     10.     (a) SFC shall submit written plans that are acceptable to
the Reserve Bank within the applicable time period set forth in paragraphs 1, 4,
and 6 of this Agreement.

             (b)  Within  10  days of approval by the Reserve Bank, SFC shall
adopt the  approved  plans.  Upon  adoption, SFC shall promptly implement the
approved plans  and  thereafter  fully  comply  with  them.

             (c) During the term of this Agreement, the approved plans shall not
be amended or rescinded without the prior written approval of the Reserve Bank.

Communications

     11.     All communications regarding this Agreement shall be sent to:

             (a)     Mr. Gloria Hoskins
                     Examining Manager
                     Regional and Foreign Institutions Group
                     Banking Supervision & Regulation
                     Federal Reserve Bank of San Francisco--Los Angeles Branch
                     950 South Grand Avenue
                     Los Angeles, California 90015

             (b)     Mr. William L. Eisenhart
                     Chairman of the Board
                     Sterling Financial Corporation
                     111 North Wall Street
                     Spokane, Washington 99201

Miscellaneous

     12.     Notwithstanding any provision of this Agreement, the Reserve
Bank may, in its sole discretion, grant written extensions of time to SFC to
comply with any provision of this
Agreement.

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<PAGE>

     13.     The provisions of this Agreement shall be binding upon SFC and its
institution-affiliated parties, in their capacities as such, and their
successors and assigns.

     14.     Each provision of this Agreement shall remain effective and
enforceable until stayed, modified, terminated, or suspended in writing by the
Reserve Bank.

     15.     The provisions of this Agreement shall not bar, estop, or
otherwise prevent the Board of Governors, the Reserve Bank, or any other federal
or state agency from taking any other action affecting SFC, the Banks, any
nonbank subsidiary of SFC, or any of their current or former
institution-affiliated parties and their successors and assigns.

     16.     Pursuant to section 50 of the FDI Act (12 U.S.C. Sec. 1831aa),
this Agreement is enforceable by the Board of Governors under section 8 of the
FDI Act (12 U.S.C. Sec. 1818).

     1N WITNESS WHEREOF, the parties have caused this Agreement to be executed
as of the 24th day of December, 2009.

STERLING FINANCIAL CORPORATION              FEDERAL RESERVE BANK
                                             OF SAN FRANCISCO

By: /s/ William L. Eisenhart                By: /s/ Stanley Crisp
    ------------------------                    -----------------
        William L. Eisenhart                        Stanley Crisp
        Chairman                                    Vice President

                                       7a6128692ex4-1.htm

    Exhibit
4.1

    

     

    CERTIFICATE
OF DETERMINATION OF

    

    MANDATORILY
CONVERTIBLE NON-CUMULATIVE NON-VOTING PERPETUAL PREFERRED STOCK, SERIES B
OF

    

    CENTER
FINANCIAL CORPORATION

    

    

    Pursuant
to Section 401 of the Corporations Code of the State of California:

     

    We, Jae
Whan Yoo and Lisa Kim Pai, President and Secretary, respectively, of Center
Financial Corporation, a corporation organized under the laws of the State of
California (hereinafter called the “Corporation”), do hereby certify as
follows:

     

    1. On
December 28, 2009, the Board of Directors of the Corporation adopted a
resolution designating 73,500 shares of Serial Preferred Stock (hereinafter
referred to as the “Preferred Stock”) as Mandatorily Convertible Non-Cumulative
Non-Voting Perpetual Preferred Stock, Series B.

     

    2. No
shares of Mandatorily Convertible Non-Cumulative Non-Voting Perpetual Preferred
Stock, Series B have been issued.

     

    3.
Pursuant to the authority conferred upon the Board of Directors by the Articles
of Incorporation of the Corporation, the following resolution was duly adopted
by the Board of Directors on December 28, 2009, creating the series of Preferred
Stock designated as Mandatorily Convertible Non-Cumulative Non-Voting Perpetual
Preferred Stock, Series B:

     

    RESOLVED,
that pursuant to the provisions of the Articles of Incorporation of the
Corporation and applicable law, a series of Preferred Stock of the Corporation
be and hereby is created, and that the designation and number of shares of such
series, and the voting and other powers, preferences and relative,
participating, optional or other rights, and the qualifications, limitations and
restrictions thereof, of the shares of such series are as follows:

     

    Section
1.  Designation.  There is hereby created out of the
authorized and unissued shares of preferred stock of the Corporation a series of
preferred stock designated as the “Mandatorily Convertible Non-Cumulative
Non-Voting Perpetual Preferred Stock, Series B” (the “Series B Preferred
Stock”).  The number of shares constituting such series shall
be 73,500.  The Series B Preferred Stock shall have no par value per
share.

     

    Section
2.  Ranking.  The Series B Preferred Stock will, with
respect to dividend rights and rights on liquidation, winding up and
dissolution, rank (i) on a parity with the Corporation’s Fixed Rate
Cumulative Perpetual Preferred Stock, Series A, and with each other class
or series of equity securities of the Corporation the terms of which do not
expressly provide that such class or series will rank senior or junior to the
Series B Preferred Stock as to dividend rights and rights on liquidation,
winding-up and dissolution of the Corporation (collectively referred to as
“Parity
Securities”), and (ii) senior to the Corporation’s common stock, no
par value per share (the “Common Stock”), and
each other class or series of capital stock of the Corporation outstanding or
established after the Effective Date by the Corporation the terms of which do
not expressly provide that it ranks on a parity with or senior to the Series B
Preferred Stock as to dividend rights and rights on liquidation, winding-up and
dissolution of the Corporation (collectively referred to as “Junior
Securities”).  The Corporation has the power to authorize
and/or issue additional shares or classes or series of Junior Securities or
Parity Securities without the consent of the Holders.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    Section
3.  Definitions.  The following initially capitalized
terms shall have the following meanings, whether used in the singular or the
plural:

     

    (a)           “Additional Stock” has
the meaning set forth in Section 10(a)(viii)(F).

     

    (b)           “Affiliate” of any
specified Person means any other Person directly or indirectly controlling or
controlled by or under common control with such specified Person.  For
the purposes of this definition, “control” when used with respect to any
specified Person means the power to direct the management and policies of such
Person, directly or indirectly, whether through the ownership of voting
securities, by contract or otherwise; and the terms “controlling” and
“controlled” have meanings correlative to the foregoing.

     

    (c)           “Applicable Conversion
Price” means the Conversion Price in effect at any given
time.

     

    (d)           “Business Day” means
any day that is not Saturday or Sunday and that, in New York City, is not a day
on which banking institutions generally are authorized or obligated by law or
executive order to be closed.

     

    (e)           “Certificate of
Determination” means this Certificate of Determination of Center
Financial Corporation, dated December 29, 2009.

     

    (f)           “Closing Price” of the
Common Stock (or other relevant capital stock or equity interest) on any
date of determination means the closing sale price or, if no closing sale price
is reported, the last reported sale price of the shares of the Common Stock (or
other relevant capital stock or equity interest) on The NASDAQ Global
Select Market on such date.  If the Common Stock (or other relevant
capital stock or equity interest) is not traded on The NASDAQ Global Select
Market on any date of determination, the Closing Price of the Common Stock (or
other relevant capital stock or equity interest) on such date of
determination means the closing sale price as reported in the composite
transactions for the principal U.S. national or regional securities exchange on
which the Common Stock (or other relevant capital stock or equity
interest) is so listed or quoted, or, if no closing sale price is reported,
the last reported sale price on the principal U.S. national or regional
securities exchange on which the Common Stock (or other relevant capital stock
or equity interest) is so listed or quoted, or if the Common Stock (or
other relevant capital stock or equity interest) is not so listed or quoted
on a U.S. national or regional securities exchange, the last quoted bid price
for the Common Stock (or other relevant capital stock or equity
interest) in the over-the-counter market as reported by Pink OTC Markets
Inc. or similar organization, or, if that bid price is not available, the market
price of the Common Stock (or other relevant capital stock or equity
interest) on that date as determined by a nationally recognized independent
investment banking firm retained by the Corporation for this
purpose.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    For
purposes of this Certificate of Determination, all references herein to the
“Closing Price”
and “last reported
sale price” of the Common Stock (or other relevant capital stock or
equity interest) on The NASDAQ Global Select Market shall be such closing
sale price and last reported sale price as reflected on the website of The
NASDAQ Global Select Market (http://www.nasdaq.com).

     

    (g)           “Common Stock” has the
meaning set forth in Section 2.

     

    (h)           “Common Stock
Equivalents” means securities representing rights convertible into or
exchangeable for, or entitling the holder thereof to purchase or receive
directly or indirectly, shares of Common Stock.

     

    (i)           “Conversion Date”
means, as applicable, the Mandatory Conversion Date or the date of conversion
pursuant to Section 7(b)(ii).

     

    (j)           “Corporation” means
Center Financial Corporation, a California corporation.

     

    (k)           “Conversion Price”
means for each share of Series B Preferred Stock, $3.75, provided that the foregoing
shall be subject to adjustment or limitation as set forth herein.

     

    (l)           “Current Market Price”
means, on any date, the average of the daily Closing Price per share of the
Common Stock on each of the five consecutive Trading Days preceding the earlier
of the day before the date in question and the day before the Ex-Date with
respect to the issuance or distribution giving rise to an adjustment to the
Conversion Price pursuant to Section 10.

     

    (m)           “Distribution” has the
meaning set forth in Section 4(g).

     

    (n)           “Dividend Rate” means,
with respect to any Section 4 Dividend Period, 12%.

     

    (o)           “Effective Date” means
the date on which shares of the Series B Preferred Stock are first
issued.

     

    (p)           “Exchange Property”
has the meaning set forth in Section 11(a).

     

    (q)           “Ex-Date”, when used
with respect to any issuance or distribution, means the first date on which the
Common Stock trades without the right to receive the issuance or distribution
giving rise to an adjustment to the Conversion Price pursuant to
Section 10.

     

    (r)           “Filing Date” has the
meaning set forth in Section 10(a)(viii)(A).

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    (s)           “First Dilutive
Issuance” has the meaning set forth in
Section 10(a)(viii)(A).

     

    (t)           “Holder” means the
Person in whose name the shares of the Series B Preferred Stock are registered,
which may be treated by the Corporation as the absolute owner of the shares of
Series B Preferred Stock for the purpose of making payment and settling the
related conversions and for all other purposes.

     

    (u)           “Junior Securities”
has the meaning set forth in Section 2.

     

    (v)           “Liquidation
Preference” means, as to the Series B Preferred Stock, $1,000 per share
(as adjusted for any split, subdivision, combination, consolidation,
recapitalization or similar event with respect to the Series B Preferred
Stock).

     

    (w)           “Mandatory Conversion
Date” means, with respect to the shares of Series B Preferred Stock of
any Holder, the third Business Day after which the Corporation and/or such
Holder, as applicable as to a Holder, has received the Shareholder Approval (or
if a Reorganization Event has theretofore been consummated, the date of
consummation of such Reorganization Event), provided, however, that if a Mandatory
Conversion Date would otherwise occur on or after an Ex-Date for an issuance or
distribution that results in an adjustment of the Conversion Price pursuant to
Section 10 and on or before the Record Date for such issuance or
distribution, such Mandatory Conversion Date shall instead occur on the first
calendar day after the Record Date for such issuance or
distribution.

     

    (x)           “Notice of Mandatory
Conversion” has the meaning set forth in Section 9(a).

     

    (y)           “Parity Securities”
has the meaning set forth in Section 2.

     

    (z)           “Person” means a legal
person, including any individual, corporation, estate, partnership, joint
venture, association, joint-stock company, limited liability company or
trust.

     

    (aa)           “Record Date” has the
meaning set forth in Section 4(d).

     

    (bb)           “Reorganization Event”
has the meaning set forth in Section 11(a).

     

    (cc)           “Section 4 Dividend
Payment Date” has the meaning set forth in
Section 4(b).

     

    (dd)           “Section 4 Dividend
Period” has the meaning set forth in Section 4(c).

     

    (ee)           “Series B Preferred
Stock” has the meaning set forth in Section 1.

     

    (ff)           “Shareholder Approval”
means the shareholder approval necessary to approve the conversion of the Series
B Preferred Stock into Common Stock for purposes of Rule 5635 of the NASDAQ
Stock Market Rules.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    (gg)           
“Subsequent Dilutive
Issuance” has the meaning set forth in
Section 10(a)(viii)(A).

     

    (hh)           “Trading Day” means a
day on which the shares of Common Stock:

     

    (i)           are
not suspended from trading on any national or regional securities exchange or
association or over-the-counter market at the close of business;
and

     

    (ii)           have
traded at least once on the national or regional securities exchange or
association or over-the-counter market that is the primary market for the
trading of the Common Stock.

     

    Section
4.  Dividends.  a) From and after the Effective Date,
the Holders shall be entitled to receive, only if, when and as declared by the
Board of Directors or a duly authorized committee of the Board of Directors, out
of funds legally available therefor, non-cumulative dividends of the type and in
the amounts determined as set forth in this Section 4, and no
more.

     

    (b)           Commencing
on January 1, 2010, dividends shall be payable semi-annually in arrears on June
30 and December 31 of each year (each, a “Section 4 Dividend
Payment Date”) or, if any such day is not a Business Day, the next
Business Day, if, when and as declared by the Board of Directors or a duly
authorized committee of the Board of Directors.  Dividends payable
pursuant to this Section 4, if, when and as declared by the Board of
Directors or a duly authorized committee of the Board of Directors, will be, for
each outstanding share of Series B Preferred Stock, payable in cash at an annual
rate equal to the Dividend Rate multiplied by the sum of (A) the
Liquidation Preference plus (B) all declared and unpaid dividends for any
prior Section 4 Dividend Period that are payable on such share of Series B
Preferred Stock, payable in cash.

     

    (c)           Dividends
payable pursuant to Section 4 will be computed on the basis of a 360-day
year of twelve 30-day months and, for any Section 4 Dividend Period greater
or less than a full Section 4 Dividend Period, will be computed on the
basis of the actual number of days elapsed in the period divided by
360.  The period from the Effective Date to but excluding June 30,
2010 and each period from and including a Section 4 Dividend Payment Date
to but excluding the following Section 4 Dividend Payment Date is herein
referred to as a “Section 4 Dividend
Period”.

     

    (d)           Each
dividend will be payable to Holders of record as they appear in the records of
the Corporation on the applicable record date (each, a “Record Date”), which
with respect to dividends payable pursuant to this Section 4, shall be on
the fifteenth day of the month immediately prior to the month in which the
relevant Section 4 Dividend Payment Date occurs.

     

    (e)           Dividends
on the Series B Preferred Stock are not cumulative.  To the extent
that the Board of Directors does not declare and pay dividends on the Series B
Preferred Stock for a Section 4 Dividend Period prior to the related Section 4
Dividend Payment Date, in full or otherwise, such unpaid dividend shall not
accrue and shall cease to be payable.  The Corporation shall have no
obligation to pay dividends for such Section 4 Dividend Period after the Section
4 Dividend Payment Date for such Section 4 Dividend Period or to pay interest
with respect to such dividends, whether or not the Corporation declares
dividends on the Series B Preferred Stock for any subsequent Section 4 Dividend
Period.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    (f)           So
long as any shares of Series B Preferred Stock remain outstanding, if all
dividends on all outstanding shares of the Series B Preferred Stock for any
Section 4 Dividend Period have not been declared and paid, or declared and
funds set aside therefor, the Corporation shall not (x) declare or pay
dividends with respect to, or, directly or indirectly, redeem, purchase or
acquire any of its Junior Securities or (y) directly or indirectly, redeem,
purchase or acquire any of its Parity Securities, other than, in each case,
(i) redemptions, purchases or other acquisitions of Junior Securities or
Parity Securities in connection with any employment contract, benefit plan or
other similar arrangement with or for the benefit of any one or more employees,
officers, directors or consultants or in connection with a dividend reinvestment
plan, (ii) any declaration of a dividend in connection with any
shareholders’ rights plan, or the issuance of rights, stock or other property
under any shareholders’ rights plan, or the redemption or repurchase of rights
pursuant thereto, (iii) conversions or exchanges of Junior Securities or
Parity Securities for Junior Securities or Parity Securities and (iv) any
purchase of fractional interests in shares of the Corporation’s capital stock
pursuant to the conversion or exchange provisions of such capital stock or the
securities being converted or exchanged.  If dividends payable
pursuant to Section 4 for any Section 4 Dividend Payment Date are not
paid in full, or declared and funds set aside therefor on the shares of the
Series B Preferred Stock and there are issued and outstanding shares of Parity
Securities with the same Section 4 Dividend Payment Date (or, in the case
of Parity Securities having dividend payment dates different from the
Section 4 Dividend Payment Dates, on a dividend payment date falling within
a Section 4 Dividend Period applicable to such Section 4 Dividend
Payment Date), then all dividends declared on shares of the Series B Preferred
Stock and such Parity Securities on such date or dates, as the case may be,
shall be declared pro rata so that the respective amounts of such dividends
shall bear the same ratio to each other as full semi-annual dividends per share
payable on the shares of the Series B Preferred Stock pursuant to Section 4
and all such Parity Securities otherwise payable on such Section 4 Dividend
Payment Date (or, in the case of Parity Securities having dividend payment dates
different from the Section 4 Dividend Payment Dates, on a dividend payment
date falling within a Section 4 Dividend Period applicable to such
Section 4 Dividend Payment Date) (subject to such dividends on such
Parity Securities having been declared by the Board of Directors out of legally
available funds and including, in the case of any such Parity Securities that
bear cumulative dividends, all declared but unpaid dividends) bear to each
other.

     

    (g)           
In addition, so long as any shares of Series B Preferred Stock are outstanding,
the Corporation shall not declare, pay or set apart for payment any dividend or
make any Distribution on any Common Stock (other than dividends or Distributions
on Common Stock payable solely in shares of Common Stock), unless at the time of
such dividend or Distribution the Corporation simultaneously pays a dividend or
makes a Distribution on each outstanding share of Series B Preferred Stock in an
amount equal to the product of (i) the dividend payable or Distribution to be
made on each share of Common Stock and (ii) the number of shares of Common Stock
issuable upon conversion of a share of Series B Preferred Stock (assuming
receipt of the Shareholder Approval), calculated on the record date for
determination of holders entitled to receive such dividend or
Distribution.  For purposes hereof, “Distribution” shall
mean the transfer of cash, securities or other assets or property, including,
without limitation, evidences of indebtedness, shares of capital stock or
securities (including, without limitation, any dividend or distribution of (i)
shares of capital stock of any class or series, or similar equity interests, of
or relating to a subsidiary or other business unit in a “spin-off” transaction
or (ii) rights or warrants to purchase shares of Common Stock (other than rights
issued pursuant to a shareholders’ rights plan, a dividend reinvestment plan or
other similar plans), without consideration, whether by way of dividend or
otherwise.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    (h)           If
the Mandatory Conversion Date with respect to any share of Series B Preferred
Stock is prior to the Section 4 Dividend Payment Date applicable to any
Section 4 Dividend Period, the Holder of such share of Series B Preferred
Stock will not have the right to receive any dividends on the Series B Preferred
Stock with respect to such Section 4 Dividend Period, provided that this
shall not affect any rights to receive any declared but unpaid dividends on the
Series B Preferred Stock attributable to any Section 4 Dividend Period
completed prior to the Mandatory Conversion Date.

     

    Section
5.  Liquidation.  b) In the event the Corporation
voluntarily or involuntarily liquidates, dissolves or winds up, the Holders at
the time shall be entitled to receive liquidating distributions in an amount
equal to the greater of (i) the Liquidation Preference per share of Series
B Preferred Stock plus an amount equal to any declared but unpaid dividends
thereon to and including the date of such liquidation and (ii) 110% of the
payment or distribution to which such Holders would be entitled if the Series B
Preferred Stock were converted into Common Stock (assuming receipt of the
Shareholder Approval) immediately before such liquidation, dissolution or
winding-up, out of assets legally available for distribution to the
Corporation’s stockholders, before any distribution of assets is made to the
holders of the Common Stock or any other Junior Securities.  After
payment of the full amount of such liquidation distribution, the Holders shall
not be entitled to any further participation in any distribution of assets by
the Corporation.

     

    (b)           In
the event the assets of the Corporation available for distribution to
shareholders upon any liquidation, dissolution or winding-up of the affairs of
the Corporation, whether voluntary or involuntary, shall be insufficient to pay
in full the amounts payable with respect to all outstanding shares of the Series
B Preferred Stock and the corresponding amounts payable on any Parity
Securities, Holders and the holders of such Parity Securities shall share
ratably in any distribution of assets of the Corporation in proportion to the
full respective liquidating distributions to which they would otherwise be
respectively entitled.

     

    (c)           The
Corporation’s consolidation or merger with or into any other entity, the
consolidation or merger of any other entity with or into the Corporation, or the
sale of all or substantially all of the Corporation’s property or business will
not constitute its liquidation, dissolution or winding up.

     

    Section
6.  Maturity.  The Series B Preferred Stock shall be
perpetual unless converted in accordance with this Certificate of
Determination.

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    Section 7. Redemptions.

     

    (a)           Redemption
by the Holder.  Holders of Series B Preferred Stock will have no right
to require redemption of any shares of Series B Preferred Stock.

     

    (b)           Redemption
by the Corporation.

     

    (i)           The
Series B Preferred Stock may not be redeemed by the Corporation prior to
December 31, 2014.  Following this date, the Corporation, at its
option and subject to the prior approval of the Board of Governors of the
Federal Reserve (unless at such time it is determined that such approval is not
required), may redeem in whole at any time the shares of Series B Preferred
Stock at the time outstanding, upon notice given as provided in
Section 7(c) below, at a redemption price per share payable in cash
equal to the greater of (i) 125.0% of the sum of (A) the Liquidation
Preference, plus (B) all declared and unpaid dividends up to, but
excluding, the date fixed for redemption and (ii) 110% of (A) the number of
shares of Common Stock into which a share of Series C Preferred Stock would be
convertible on the Trading Day immediately prior to the date fixed for
redemption (assuming receipt of Stockholder Approval) multiplied by (B) the
Closing Price of Common Stock on such Trading Day; provided that in no event
shall such redemption price exceed 150% of the amount determined in accordance
with clause (i) above.  The redemption price for any shares of Series
B Preferred Stock shall be payable on the redemption date to the Holder of such
shares against surrender of the certificate(s) evidencing such shares to
the Corporation or its agent.  Any declared but unpaid dividends
payable on a redemption date that occurs subsequent to a Record Date for a
Section 4 Dividend Period shall not be paid to the Holder entitled to
receive the redemption price on the redemption date, but rather shall be paid to
the holder of record of the redeemed shares on such Record Date.

     

    (ii)           For
a period of 90 days following the date of the notice of redemption given
pursuant to Section 7(c) below, the Holder shall have the option to
convert the Holder’s shares of Series B Preferred Stock into Common
Stock.  The number of shares of Common Stock into which a share of
Series B Preferred Stock shall be convertible shall be determined by dividing
(i) the Liquidation Preference plus all declared and unpaid dividends thereon by
(ii) the Applicable Conversion Price.  Before any Holder shall be
entitled to convert such shares of Series B Preferred Stock pursuant to this
subsection for shares of Common Stock, such Holder shall give written notice to
the Corporation at such office that such Holder elects to convert the same and
shall state therein the name or names in which such Holder wishes the shares of
Common Stock to be issued.  The Corporation shall, as soon as
practicable thereafter (but in no event later than three (3) Business Days
following receipt of such conversion notice), cause to be made a book-entry
record through The Depository Trust Company or any other similar facility of the
number of shares of Common Stock to which such Holder shall be
entitled.  Such conversion shall be deemed to have been made
immediately prior to the close of business on the date written notice of such
Holder’s election is received by the Corporation, and the person or persons
entitled to receive the shares of Common Stock issuable upon such conversion
shall be treated for all purposes as the record holder or holders of such shares
of Common Stock on such date.

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    (c)           Notice
of Redemption.  Notice of every redemption of shares of Series B
Preferred Stock shall be given by first class mail, postage prepaid, addressed
to the Holders of the shares to be redeemed at their respective last addresses
appearing on the books of the Corporation.  Such mailing shall be at
least 90 days before the date fixed for redemption; provided, however, that failure to give
such notice by mail, or any defect in such notice or in the mailing thereof, to
any Holder of shares of Series B Preferred Stock designated for redemption shall
not affect the validity of the proceedings for the redemption of any other
shares of Series B Preferred Stock to be so redeemed except as to the Holder to
whom the Corporation has failed to give such notice or except as to the Holder
to whom notice was defective.  Notwithstanding the foregoing, if the
Series B Preferred Stock or any depositary shares representing interests in the
Series B Preferred Stock are issued in book-entry form through The Depository
Trust Company or any other similar facility, notice of redemption may be given
to the Holders of Series B Preferred Stock at such time and in any manner
permitted by such facility.  Each such notice given to a Holder shall
state:  (1) the redemption date; (2) the number of shares of
Series B Preferred Stock to be redeemed and, if less than all the shares held by
such Holder are to be redeemed, the number of such shares to be redeemed from
such Holder; (3) the redemption price (or manner of determination of the
redemption price); and (4) the place or places where certificates for such
shares are to be surrendered for payment of the redemption price.

     

    (d)           Effectiveness
of Redemption.  If notice of redemption has been duly given as
provided in Section 7(c) and if on or before the redemption date
specified in the notice all funds necessary for the redemption have been set
aside by the Corporation, separate and apart from its other funds, in trust for
the pro rata benefit of
the Holders of the shares called for redemption, so as to be and continue to be
available therefor, then, notwithstanding that any certificate for any share so
called for redemption has not been surrendered for cancellation, on and after
the redemption date unless the Corporation defaults in the payment of the
redemption price, in which case such rights shall continue until the redemption
price is paid and subject to the right of the Holder to have Series B Preferred
Stock converted into Common Stock in accordance with Section 7(b)(ii) above, all
shares so called for redemption shall no longer be deemed outstanding and all
rights with respect to such shares shall forthwith on such redemption date cease
and terminate, except only the right of the Holders thereof to receive the
amount payable on such redemption, without interest.  Any funds
unclaimed at the end of two years from the redemption date shall, to the extent
permitted by law, be released to the Corporation, after which time the Holders
of the shares so called for redemption shall look only to the Corporation for
payment of the redemption price of such shares.  Shares of outstanding
Series B Preferred Stock that are redeemed, purchased or otherwise acquired by
the Corporation, or converted into another series of Preferred Stock, shall be
cancelled and shall revert to authorized but unissued shares of Preferred Stock
undesignated as to series.

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    (e)           No
Sinking Fund.  The Series B Preferred Stock will not be subject to any
sinking fund or other similar provisions.

     

    Section 8.  Mandatory
Conversion.

     

    (a)           Effective
as of the close of business on the Mandatory Conversion Date with respect to the
shares of Series B Preferred Stock of a Holder, all such Holder’s shares of
Series B Preferred Stock shall automatically convert into shares of Common Stock
as set forth below.  The number of shares of Common Stock into which a
share of Series B Preferred Stock shall be convertible shall be determined by
dividing (i) the Liquidation Preference, plus all declared and unpaid
dividends with respect to any Section 4 Dividend Period completed prior to
the Mandatory Conversion Date (but not with respect to the Section 4
Dividend Period in which the Mandatory Conversion Date occurs), by (ii) the
Applicable Conversion Price (subject to the conversion procedures of
Section 9 hereof).  Upon conversion, Holders shall receive cash
in lieu of fractional shares in accordance with Section 13
hereof.

     

    (b)           If
Shareholder Approval is not obtained by May 17, 2010, then (1) the Conversion
Price shall be adjusted such that the price then in effect shall be reduced by
10% (subject to adjustment from time to time in a manner consistent with the
provisions of Section 10).

     

    Section 9.  Conversion
Procedures.

     

    (a)           Upon
receipt by the Corporation of Shareholder Approval, the Corporation shall
provide, within two (2) Business Days thereafter, notice of mandatory conversion
to such Holder (such notice a “Notice of Mandatory
Conversion”).  In addition to any information required by
applicable law or regulation, the Notice of Mandatory Conversion with respect to
such Holder shall state, as appropriate:

     

    (i)           the
Mandatory Conversion Date;

     

    (ii)           the
number of shares of Common Stock to be issued upon conversion of each share of
Series B Preferred Stock held of record by such Holder and subject to such
mandatory conversion; and

     

    (iii)           if
certificates are to be issued, the place or places where certificates for shares
of Series B Preferred Stock held of record by such Holder are to be surrendered
for issuance of certificates representing shares of Common Stock.

     

    (b)           Effective
immediately prior to the close of business on the Mandatory Conversion Date with
respect to any shares of Series B Preferred Stock dividends shall no longer be
declared on any such shares of Series B Preferred Stock and such shares of
Series B Preferred Stock shall cease to be outstanding, in each case, subject to
the right of the Holder to receive (i) shares of Common Stock issuable upon such
mandatory conversion, (ii) any declared and unpaid dividends on such share to
the extent provided in Section 4 and (iii) any other payments to which
such Holder is otherwise entitled pursuant to Section 8, Section 11 or
Section 13 hereof, as applicable.

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    (c)           Prior
to the close of business on the Mandatory Conversion Date with respect to any
share of Series B Preferred Stock, shares of Common Stock issuable upon
conversion thereof, or other securities issuable upon conversion of, such share
of Series B Preferred Stock shall not be deemed outstanding for any purpose, and
the Holder thereof shall have no rights with respect to the Common Stock or
other securities issuable upon conversion (including voting rights, rights to
respond to tender offers for the Common Stock or other securities issuable upon
conversion and rights to receive any dividends or other distributions on the
Common Stock or other securities issuable upon conversion) by virtue of
holding such share of Series B Preferred Stock, except to the extent provided in
Section 4(g).

     

    (d)           Shares
of Series B Preferred Stock duly converted in accordance with this Certificate
of Determination, or otherwise reacquired by the Corporation, will resume the
status of authorized and unissued preferred stock, undesignated as to series and
available for future issuance.  The Corporation may from time-to-time
take such appropriate action as may be necessary to reduce the authorized number
of shares of Series B Preferred Stock; provided, however, that the Corporation
shall not take any such action if such action would reduce the authorized number
of shares of Series B Preferred Stock below the number of shares of Series B
Preferred Stock then outstanding.

     

    (e)           The
Person or Persons entitled to receive the Common Stock and/or cash, securities
or other property issuable upon conversion of Series B Preferred Stock shall be
treated for all purposes as the record holder(s) of such shares of Common
Stock and/or securities as of the close of business on the Mandatory Conversion
Date with respect thereto.  In the event that a Holder shall not by
written notice designate the name in which shares of Common Stock and/or cash,
securities or other property (including payments of cash in lieu of fractional
shares) to be issued or paid upon conversion of shares of Series B
Preferred Stock should be registered or paid or the manner in which such shares
should be delivered, the Corporation shall be entitled to register and deliver
such shares, and make such payment, in the name of the Holder and in the manner
shown on the records of the Corporation.

     

    (f)           On
the Mandatory Conversion Date with respect to any share of Series B Preferred
Stock, certificates representing shares of Common Stock shall be issued and
delivered to the Holder thereof or such Holder’s designee (or, at the
Corporation’s option such shares shall be registered in book-entry
form) upon presentation and surrender of the certificate evidencing the
Series B Preferred Stock to the Corporation and, if required, the furnishing of
appropriate endorsements and transfer documents and the payment of all transfer
and similar taxes.

     

    Section 10.  Anti-Dilution
Adjustments.

     

    (a)           The
Conversion Price shall be subject to the following adjustments:

     

    (i)           Stock Dividends and
Distributions.  If the Corporation pays dividends or other
distributions on the Common Stock in shares of Common Stock, then the Conversion
Price in effect immediately prior to the Ex-Date for such dividend or
distribution will be multiplied by the following fraction:

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    
      	
              OS0

            
	
              OS1

            

    

    Where,

     

    OS0
=           the number of
shares of Common Stock outstanding immediately prior to Ex-Date for such
dividend or distribution.

     

    OS1
=           the sum of
the number of shares of Common Stock outstanding immediately prior to the
Ex-Date for such dividend or distribution plus the total number of shares of
Common Stock constituting such dividend or distribution.

     

    For the
purposes of this clause (i), the number of shares of Common Stock at the time
outstanding shall not include shares acquired by the Corporation.  If
any dividend or distribution described in this clause (i) is declared but
not so paid or made, the Conversion Price shall be readjusted, effective as of
the date the Board of Directors publicly announces its decision not to make such
dividend or distribution, to such Conversion Price that would be in effect if
such dividend or distribution had not been declared.

     

    (ii)           Subdivisions, Splits and
Combination of the Common Stock.  If the Corporation
subdivides, splits or combines the shares of Common Stock, then the Conversion
Price in effect immediately prior to the effective date of such share
subdivision, split or combination will be multiplied by the following
fraction:

     

    
      	
              OS0

            
	
              OS1

            

    

    Where,

     

    OS0
=                      the
number of shares of Common Stock outstanding immediately prior to the effective
date of such share subdivision, split or combination.

     

    OS1
=           the number of
shares of Common Stock outstanding immediately after the opening of business on
the effective date of such share subdivision, split or combination.

     

    For the
purposes of this clause (ii), the number of shares of Common Stock at the time
outstanding shall not include shares acquired by the Corporation.  If
any subdivision, split or combination described in this clause (ii) is
announced but the outstanding shares of Common Stock are not subdivided, split
or combined, the Conversion Price shall be readjusted, effective as of the date
the Board of Directors publicly announces its decision not to subdivide, split
or combine the outstanding shares of Common Stock, to such Conversion Price that
would be in effect if such subdivision, split or combination had not been
announced.

     

    (iii)           Intentionally
Omitted.

     

    (iv)           Intentionally
Omitted.

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    (v)           Cash
Distributions.  If the Corporation makes a distribution
consisting exclusively of cash to all holders of the Common Stock, excluding
(a) any cash dividend or distribution on the Common Stock to the extent a
corresponding cash dividend or distribution pursuant to Section 4 is paid
on the Series B Preferred Stock, (b) any dividend or distribution in
connection with the Corporation’s liquidation, dissolution or winding up, and
(c) any consideration payable in connection with a tender or exchange offer
made by the Corporation or any of its subsidiaries, then in each event, the
Conversion Price in effect immediately prior to the Ex-Date for such
distribution will be multiplied by the following fraction:

     

    
      	
              SP0 –
      DIV

            
	
              SP0

            

    

    

     

    Where,

     

    SP0
=           the Closing
Price per share of Common Stock on the Trading Day immediately preceding the
Ex-Date.

     

    DIV
=           the amount
per share of Common Stock of the cash distribution, as determined pursuant to
the introduction to this paragraph (v).

     

    In the
event that any distribution described in this clause (v) is not so made,
the Conversion Price shall be readjusted, effective as of the date the Board of
Directors publicly announces its decision not to pay such distribution, to the
Conversion Price which would then be in effect if such distribution had not been
declared.

     

    (vi)           Self Tender Offers and
Exchange Offers.  If the Corporation or any of its subsidiaries
successfully completes a tender or exchange offer for the Common Stock where the
cash and the value of any other consideration included in the payment per share
of the Common Stock exceeds the Closing Price per share of the Common Stock on
the Trading Day immediately succeeding the expiration of the tender or exchange
offer, then the Conversion Price in effect at the close of business on such
immediately succeeding Trading Day will be multiplied by the following
fraction:

     

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    
      	
              OS0 x
      SP0

            
	
              AC +
      (SP0 x
      OS1)

            

    

    

     

    Where,

     

    SP0
=           the Closing
Price per share of Common Stock on the Trading Day immediately succeeding the
expiration of the tender or exchange offer.

     

    OS0
=           the number of
shares of Common Stock outstanding immediately prior to the expiration of the
tender or exchange offer, including any shares validly tendered and not
withdrawn.

     

    OS1=           the
number of shares of Common Stock outstanding immediately after the expiration of
the tender or exchange offer, giving effect to consummation of the acquisition
of all shares validly tendered or exchanged (and not withdrawn) in connection
with such tender or exchange.

     

    AC
=           the aggregate
cash and fair market value of the other consideration payable in the tender or
exchange offer, as determined by the Board of Directors.

     

    In the
event that the Corporation, or one of its subsidiaries, is obligated to purchase
shares of Common Stock pursuant to any such tender offer or exchange offer, but
the Corporation, or such subsidiary, is permanently prevented by applicable law
from effecting any such purchases, or all such purchases are rescinded, then the
Conversion Price shall be readjusted to be such Conversion Price that would then
be in effect if such tender offer or exchange offer had not been
made.

     

    (vii)           Rights
Plans.  To the extent that the Corporation has a rights plan in
effect with respect to the Common Stock on the Conversion Date, upon conversion
of any shares of the Series B Preferred Stock, Holders will receive, in addition
to the shares of Common Stock, the rights under the rights plan, unless, prior
to such Conversion Date, the rights have separated from the shares of Common
Stock, in which case the Conversion Price will be adjusted at the time of
separation as if the Corporation had made a distribution to all holders of the
Common Stock as described in clause (iv) above, subject to readjustment in
the event of the expiration, termination or redemption of such
rights.

     

    (viii)           Other Issuances of
Additional Stock.

     

    (A)           For
so long as any shares of Series B Preferred Stock remain outstanding, if the
Corporation shall issue (or be deemed to have issued), after the date of filing
of this Certificate of Determination (the “Filing Date”), any
Additional Stock (as defined below in subsection 10(a)(viii)(F)) without
consideration or for a consideration per share less than the Conversion Price
for the Series B Preferred Stock in effect immediately prior to the issuance of
such Additional Stock, the Conversion Price for such series in effect
immediately prior to each such issuance of Additional Stock shall forthwith
(except as otherwise provided in this subsection (viii)) be adjusted to a price
equal to (calculated to the nearest cent) the product obtained by multiplying
the Conversion Price for the Series B Preferred Stock in effect immediately
prior to such issuance of Additional Stock by a fraction, the numerator of which
is equal to the sum of (x) the total number of shares of Common Stock
outstanding (including any shares of Common Stock previously deemed to have been
issued pursuant to subsection (viii)(E)(1) or (2) of this Section 10 (to the
extent not actually issued)) immediately prior to such issuance of Additional
Stock plus (y) the number of shares of Common Stock that the aggregate
consideration received by this Corporation for such issuance of Additional Stock
would purchase at the Conversion Price for Series B Preferred Stock in effect
immediately prior to such issuance of Additional Stock, and the denominator of
which is equal to the sum of (x) the total number of shares of Common Stock
outstanding (including any shares of Common Stock previously deemed to have been
issued pursuant to subsection (viii)(E)(1) or (2) of this Section 10 (to the
extent not actually issued)) immediately prior to such issuance of Additional
Stock plus (y) the number of shares of Additional Stock issued.  In
the event that the Corporation issues or sells, or is deemed to have issued or
sold, Additional Stock (the “First Dilutive
Issuance”), then in the event that the Corporation issues or sells, or is
deemed to have issued or sold, Additional Stock other than the First Dilutive
Issuance as a part of the same transaction or series of related transactions as
the First Dilutive Issuance (a “Subsequent Dilutive
Issuance”), then and in each such case upon a Subsequent Dilutive
Issuance, the Conversion Price shall be reduced to the Conversion Price that
would have been in effect had the First Dilutive Issuance and each Subsequent
Dilutive Issuance all occurred on the closing date of the First Dilutive
Issuance.

     

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    (B)           
Except to the limited extent provided for in subsections (viii)(E)(3) or (4), no
adjustment of the Conversion Price for Series B Preferred Stock pursuant to this
subsection (viii) shall have the effect of increasing any such Conversion Price
above the Conversion Price in effect immediately prior to such
adjustment.

     

    (C)           In
the case of the issuance of Additional Stock for cash, the consideration shall
be deemed to be the amount of cash paid therefore before deducting any
discounts, commissions or other expenses allowed, paid or incurred by the
Corporation for any underwriting or otherwise in connection with the issuance
and sale thereof.

     

    (D)           In
the case of the issuance of Additional Stock for a consideration in whole or in
part other than cash, the consideration other than cash shall be deemed to be
the fair value thereof as determined in good faith by the Corporation’s Board of
Directors irrespective of any accounting treatment.

     

    (E)           In
the case of the issuance (whether before, on or after the Filing Date) of (i)
options to purchase or rights to subscribe for Common Stock,
(ii) securities by their terms convertible into or exchangeable for Common
Stock or (iii) options to purchase or rights to subscribe for securities by
their terms convertible into or exchangeable for Common Stock, the following
provisions shall apply for all purposes of this subsection (viii):

     

    (1)           The
aggregate maximum number of shares of Common Stock deliverable upon exercise
(assuming the satisfaction of any conditions to exercisability, including
without limitation, the passage of time, but without taking into account
potential anti-dilution adjustments) of such options to purchase or rights to
subscribe for Common Stock shall be deemed to have been issued at the time such
options or rights were issued and for a consideration equal to the consideration
(determined in the manner provided in subsections (viii)(C) and (D) if any,
received by the Corporation upon the issuance of such options or rights plus the
minimum exercise price provided in such options or rights (without taking into
account potential anti-dilution adjustments) for the Common Stock covered
thereby.

     

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    (2)           The
aggregate maximum number of shares of Common Stock deliverable upon conversion
of or in exchange (assuming the satisfaction of any conditions to convertibility
or exchangeability, including without limitation, the passage of time, but
without taking into account potential anti-dilution adjustments) for any such
convertible or exchangeable securities or upon the exercise of options to
purchase or rights to subscribe for such convertible or exchangeable securities
and subsequent conversion or exchange thereof shall be deemed to have been
issued at the time such securities were issued or such options or rights were
issued and for a consideration equal to the consideration, if any, received by
the Corporation for any such securities and related options or rights (excluding
any cash received on account of accrued interest or accrued dividends), plus the
minimum additional consideration, if any, to be received by the Corporation
(without taking into account potential anti-dilution adjustments) upon the
conversion or exchange of such securities or the exercise of any related options
or rights (the consideration in each case to be determined in the manner
provided in subsections (viii)(C) and (D)).

     

    (3)           In
the event of any change in the number of shares of Common Stock deliverable or
in the consideration payable to this Corporation upon exercise of such options
or rights or upon conversion of or exchange for such convertible or exchangeable
securities, including, but not limited to, a change resulting from the
anti-dilution provisions thereof, the Conversion Price for Series B Preferred
Stock, to the extent in any way affected by or computed using such options,
rights or securities, shall be recomputed to reflect such change, but no further
adjustment shall be made for the actual issuance of Common Stock or any payment
of such consideration upon the exercise of any such options or rights or the
conversion or exchange of such securities.

     

    (4)           Upon
the expiration of any such options or rights, the termination of any such rights
to convert or exchange or the expiration of any options or rights related to
such convertible or exchangeable securities, the Conversion Price for the Series
B Preferred Stock, to the extent in any way affected by or computed using such
options, rights or securities or options or rights related to such securities,
shall be recomputed to reflect the issuance of only the number of shares of
Common Stock (and convertible or exchangeable securities that remain in effect)
actually issued upon the exercise of such options or rights, upon the conversion
or exchange of such securities or upon the exercise of the options or rights
related to such securities.

     

    (5)           The
number of shares of Common Stock deemed issued and the consideration deemed paid
therefore pursuant to subsections (viii)(E)(1) and (2) and (b) shall be
appropriately adjusted to reflect any change, termination or expiration of the
type described in either subsection (viii)(E)(3) and (4).

     

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    (F)           “Additional Stock”
shall mean any shares of Common Stock issued (or deemed to have been issued
pursuant to subsection (viii)(E) of this Section 10) by this Corporation after
the Filing Date for so long as any shares of Series B Preferred Stock remain
outstanding, other than:

     

    (1)           shares
of Common Stock or Common Stock Equivalents issued pursuant to an event or
transaction described in Sections 10(a)(i) or (ii);

     

    (2)           shares
of Common Stock issued pursuant to an event or transaction described in Section
10(c)(iii)(exceptions to adjustment of Conversion Price);

     

    (3)           shares
of Common Stock issued or issuable upon conversion of shares of Series B
Preferred Stock;

     

    (4)           shares
of Common Stock issued (or deemed to have been issued pursuant to subsection
(viii)(E) of this Section 10) in connection with a Reorganization
Event.

     

    (b)           Subject
to the limitations set forth in the provisos to the first paragraph of
Section 10(a), the Corporation may make such decreases in the Conversion
Price, in addition to any other decreases required by this Section 10, if
the Board of Directors deems it advisable to avoid or diminish any income tax to
holders of the Common Stock resulting from any dividend or distribution of
shares of Common Stock (or issuance of rights or warrants to acquire shares of
Common Stock) or from any event treated as such for income tax purposes or
for any other reason.

     

    (c)           i)           All
adjustments to the Conversion Price shall be calculated to the nearest 1/10 of a
cent.  No adjustment in the Conversion Price shall be required if such
adjustment would be less than $0.01; provided, that any
adjustments which by reason of this subparagraph are not required to be made
shall be carried forward and taken into account in any subsequent adjustment;
provided further that
on the applicable Conversion Date adjustments to the Conversion Price will be
made with respect to any such adjustment carried forward and which has not been
taken into account before such date.

     

    (ii)           No
adjustment to the Conversion Price shall be made if Holders may participate in
the transaction that would otherwise give rise to an adjustment, as a result of
holding the Series B Preferred Stock (including without limitation pursuant to
Section 4 hereof), without having to convert the Series B Preferred Stock,
as if they held the full number of shares of Common Stock into which a share of
the Series B Preferred Stock may then be converted.

     

    (iii)           The
Conversion Price shall not be adjusted:

     

    (A)           upon
the issuance of any shares of Common Stock pursuant to any present or future
plan providing for the reinvestment of dividends or interest payable on the
Corporation’s securities and the investment of additional optional amounts in
shares of Common Stock under any such plan;

     

    
      
         

      

      
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    (B)           upon
the issuance of any shares of Common Stock or rights or warrants to purchase
those shares pursuant to any present or future employee, director or consultant
benefit plan or program of or assumed by the Corporation or any of its
subsidiaries;

     

    (C)           upon
the issuance of any shares of Common Stock pursuant to any option, warrant,
right or exercisable, exchangeable or convertible security outstanding as of the
date shares of the Series B Preferred Stock were first issued and not
substantially amended thereafter;

     

    (D)           for
declared and unpaid dividends on the Series B Preferred Stock.

     

    (d)           Whenever
the Conversion Price is to be adjusted in accordance with
Section 10(a) or Section 10(b), the Corporation
shall:  (i) compute the Conversion Price in accordance with
Section 10(a) or Section 10(b), taking into account the $0.01
threshold set forth in Section 10(c) hereof; (ii) as soon as
practicable following the occurrence of an event that requires an adjustment to
the Conversion Price pursuant to Section 10(a) or Section 10(b),
taking into account the $0.01 threshold set forth in
Section 10(c) hereof (or if the Corporation is not aware of such
occurrence, as soon as practicable after becoming so aware), provide, or cause
to be provided, a written notice to the Holders of the occurrence of such event;
and (iii) as soon as practicable following the determination of the revised
Conversion Price in accordance with Section 10(a) or
Section 10(b) hereof, provide, or cause to be provided, a written
notice to the Holders setting forth in reasonable detail the method by which the
adjustment to the Conversion Price was determined and setting forth the revised
Conversion Price.

     

    Section
11.  Reorganization Events.  c) In the event that,
for so long as any shares of Series B Preferred Stock remain outstanding, there
occurs:

     

    (i)           any
consolidation, merger or other similar business combination of the Corporation
with or into another Person, in each case pursuant to which the Common Stock
will be converted into cash, securities or other property of the Corporation or
another Person;

     

    (ii)           any
sale, transfer, lease or conveyance to another Person of all or substantially
all of the property and assets of the Corporation, in each case pursuant to
which the Common Stock will be converted into cash, securities or other property
of the Corporation or another Person;

     

    (iii)           any
reclassification of the Common Stock into securities including securities other
than the Common Stock; or

     

    (iv)           any
statutory exchange of the outstanding shares of Common Stock for securities of
another Person (other than in connection with a merger or
acquisition);

     

    
      
         

      

      
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    (any such
event specified in this Section 11(a), a “Reorganization
Event”); then each share of such Holder’s Series B Preferred Stock
outstanding immediately prior to such Reorganization Event shall remain
outstanding but shall automatically convert, effective as of the close of
business on the Mandatory Conversion Date with respect to the shares of Series B
Preferred Stock of such Holder, into the type and amount of securities, cash and
other property receivable in such Reorganization Event by the holder (excluding
the counterparty to the Reorganization Event or an Affiliate of such
counterparty) of the number of shares of Common Stock obtained by dividing
(x) the Liquidation Preference, plus all declared and unpaid dividends up
to, but excluding such date, by (y) the Applicable Conversion Price as of
such date (such securities, cash and other property, the “Exchange
Property”).  In the event that a Reorganization Event
referenced in Section 11(a) involves common stock as all or part of
the consideration being offered in a fixed exchange ratio transaction, the fair
market value per share of such common stock shall be determined by reference to
the average of the closing prices of such common stock for the ten Trading Day
period ending immediately prior to the consummation of such Reorganization
Event.

     

    (b)           In
the event that holders of the shares of Common Stock have the opportunity to
elect the form of consideration to be received in such transaction, the
consideration that the Holders are entitled to receive shall be deemed to be the
types and amounts of consideration received by the majority of the holders of
the shares of Common Stock that affirmatively make an election.

     

    (c)           The
above provisions of this Section 11 shall similarly apply to successive
Reorganization Events and the provisions of Section 10 shall apply to any
shares of capital stock of the Corporation (or any successor) received by
the holders of the Common Stock in any such Reorganization Event.

     

    (d)           The
Corporation (or any successor) shall, within seven days of the consummation
of any Reorganization Event, provide written notice to the Holders of such
consummation of such event and of the kind and amount of the cash, securities or
other property that constitutes the Exchange Property.  Failure to
deliver such notice shall not affect the operation of this
Section 11.

     

    (e)           The
Corporation shall not enter into any agreement for a transaction constituting a
Reorganization Event unless such agreement provides for or does not interfere
with or prevent (as applicable) conversion of the Series B Preferred Stock
into the Exchange Property in a manner that is consistent with and gives effect
to this Section 11.

     

    Section 12.  Voting
Rights.

     

    (a)           Holders
will not have any voting rights, including the right to elect any directors,
except (i) voting rights, if any, required by law and (ii) voting rights
described in Section 12(b).

     

    (b)           So
long as any shares of Series B Preferred Stock are outstanding, the vote or
consent of the Holders of a majority of the shares of Series B Preferred Stock
at the time outstanding, voting as a single class, given in person or by proxy,
either in writing without a meeting or by vote at any meeting called for the
purpose, will be necessary for effecting or validating any of the following
actions, whether or not such approval is required by California
law:

     

    
      
         

      

      
        19

        
          

        

      

      
         

      

    

    (i)           any
amendment, alteration or repeal (including by means of a merger, consolidation
or otherwise) of any provision of the Corporation’s Articles of Incorporation
(including this Certificate of Determination) or the Corporation’s bylaws that
would alter or change the rights, preferences or privileges of the Series B
Preferred Stock so as to affect them adversely;

     

    (ii)           any
amendment or alteration (including by means of a merger, consolidation or
otherwise) of the Corporation’s Articles of Incorporation to authorize, or
create, or increase the authorized amount of, any shares of, or any securities
convertible into shares of, any class or series of the Corporation’s capital
stock ranking senior to the Series B Preferred Stock in the payment of dividends
or in the distribution of assets on any liquidation, dissolution or winding up
of the Corporation; or

     

    (iii)           the
consummation of a binding share exchange or reclassification involving the
Series B Preferred Stock or a merger or consolidation of the Corporation with
another entity, except that the Holders will have no right to vote under this
provision or under California law if in each case (x) the Series B Preferred
Stock remains outstanding or, in the case of any such merger or consolidation
with respect to which the Corporation is not the surviving or resulting entity,
is converted into or exchanged for preference securities of the surviving or
resulting entity or its ultimate parent, that is an entity organized and
existing under the laws of the United States of America, any state thereof or
the District of Columbia, and (y) such Series B Preferred Stock remaining
outstanding or such preference securities, as the case may be, have such rights,
preferences, privileges and voting powers, taken as a whole, as are not
materially less favorable to the Holders thereof than the rights, preferences,
privileges and voting powers of the Series B Preferred Stock, taken as a
whole.

     

    provided, however, that any increase
in the amount of the authorized preferred stock or any securities convertible
into preferred stock or the creation and issuance, or an increase in the
authorized or issued amount, of any series of preferred stock or any securities
convertible into preferred stock ranking equally with and/or junior to the
Series B Preferred Stock with respect to the payment of dividends (whether such
dividends are cumulative or non-cumulative) and/or the distribution of assets
upon the Corporation’s liquidation, dissolution or winding up will not, in and
of itself, be deemed to adversely affect rights, preferences or privileges of
the Series B Preferred Stock and, notwithstanding any provision of California
law, Holders will have no right to vote solely by reason of such an increase,
creation or issuance.

     

    (c)           Notwithstanding
the foregoing, Holders shall not have any voting rights if, at or prior to the
effective time of the act with respect to which such vote would otherwise be
required, all outstanding shares of Series B Preferred Stock shall have been
converted into shares of Common Stock.

     

    Section 13.  Fractional
Shares.

     

    (a)           No
fractional shares of Common Stock will be issued as a result of any conversion
of shares of Series B Preferred Stock.

     

    (b)           In
lieu of any fractional share of Common Stock otherwise issuable in respect of
any mandatory conversion pursuant to Section 8 hereof, the Corporation
shall pay an amount in cash (computed to the nearest cent) equal to the
same fraction of the Closing Price of the Common Stock determined as of the
second Trading Day immediately preceding the applicable Conversion
Date.

     

    (c)           If
more than one share of the Series B Preferred Stock is surrendered for
conversion at one time by or for the same Holder, the number of full shares of
Common Stock issuable upon conversion thereof shall be computed on the basis of
the aggregate number of shares of the Series B Preferred Stock so
surrendered.

     

    
      
         

      

      
        20

        
          

        

      

      
         

      

    

    Section 14.  Reservation
of Common Stock.

     

    (a)           The
Corporation shall at all times reserve and keep available out of its authorized
and unissued Common Stock solely for issuance upon the conversion of shares of
Series B Preferred Stock as provided in this Certificate of Determination free
from any preemptive or other similar rights, such number of shares of Common
Stock as shall from time to time be issuable upon the conversion of all the
shares of Series B Preferred Stock (assuming receipt of Shareholder Approval),
then outstanding, based on the Applicable Conversion Price.  For
purposes of this Section 14(a), the number of shares of Common Stock that
shall be deliverable upon the conversion of all outstanding shares of Series B
Preferred Stock shall be computed as if at the time of computation all such
outstanding shares were held by a single Holder.

     

    (b)           All
shares of Common Stock delivered upon conversion of the Series B Preferred Stock
shall be duly authorized, validly issued, fully paid and non-assessable, free
and clear of all liens, claims, security interests and other
encumbrances.

     

    (c)           Prior
to the delivery of any securities that the Corporation shall be obligated to
deliver upon conversion of the Series B Preferred Stock, the Corporation shall
use its reasonable best efforts to comply with all federal and state laws and
regulations thereunder requiring the registration of such securities with, or
any approval of or consent to the delivery thereof by, any governmental
authority.

     

    (d)           The
Corporation hereby covenants and agrees that, if at any time the Common Stock
shall be listed on The NASDAQ Global Select Market or any other national
securities exchange or automated quotation system, the Corporation will, if
permitted by the rules of such exchange or automated quotation system, list and
keep listed, so long as the Common Stock shall be so listed on such exchange or
automated quotation system, all the Common Stock issuable upon conversion of the
Series B Preferred Stock.

     

    
      
         

      

      
        21

        
          

        

      

      
         

      

    

    Section 15.  Replacement
Certificates.

     

    (a)           The
Corporation shall replace any mutilated certificate at the Holder’s expense upon
surrender of that certificate to the Corporation.  The Corporation
shall replace certificates that become destroyed, stolen or lost at the Holder’s
expense upon delivery to the Corporation of satisfactory evidence that the
certificate has been destroyed, stolen or lost, together with any indemnity that
may be required by the Corporation.

     

    (b)           The
Corporation shall not be required to issue any certificates representing the
Series B Preferred Stock on or after the Mandatory Conversion
Date.  In place of the delivery of a replacement certificate following
the Mandatory Conversion Date, the Corporation, upon delivery of the evidence
and indemnity described in clause (a) above, shall deliver the shares of
Common Stock pursuant to the terms of the Series B Preferred Stock formerly
evidenced by the certificate.

     

    Section
16.  Miscellaneous.

     

    (a)           All
notices referred to herein shall be in writing, and, unless otherwise specified
herein, all notices hereunder shall be deemed to have been given upon the
earlier of receipt thereof or three Business Days after the mailing thereof if
sent by registered or certified mail (unless first-class mail shall be
specifically permitted for such notice under the terms of this Certificate of
Determination) with postage prepaid, addressed:  (i) if to
the Corporation, to its office at 3435 Wilshire Boulevard, Suite 700, Los
Angeles, California 90010, Attention:  Treasury Department, with a
copy to the Corporation’s Legal Department at 3435 Wilshire Boulevard, Suite
700, Los Angeles, California 90010, Attention: President, or (ii) if to any
Holder, to such Holder at the address of such Holder as listed in the stock
record books of the Corporation, or (iii) to such other address as the
Corporation or any such Holder, as the case may be, shall have designated by
notice similarly given.

     

    (b)           The
Corporation shall pay any and all stock transfer and documentary stamp taxes
that may be payable in respect of any issuance or delivery of shares of Series B
Preferred Stock or shares of Common Stock or other securities issued on account
of Series B Preferred Stock pursuant hereto or certificates representing such
shares or securities.  The Corporation shall not, however, be required
to pay any such tax that may be payable in respect of any transfer involved in
the issuance or delivery of shares of Series B Preferred Stock or Common Stock
or other securities in a name other than that in which the shares of Series B
Preferred Stock with respect to which such shares or other securities are issued
or delivered were registered, or in respect of any payment to any Person other
than a payment to the registered holder thereof, and shall not be required to
make any such issuance, delivery or payment unless and until the Person
otherwise entitled to such issuance, delivery or payment has paid to the
Corporation the amount of any such tax or has established, to the satisfaction
of the Corporation, that such tax has been paid or is not payable.

     

    (c)           All
payments on the shares of Series B Preferred Stock shall be subject to
withholding and backup withholding of tax to the extent required by applicable
law, subject to applicable exemptions, and amounts withheld, if any, shall be
treated as received by the holders thereof.

     

    
      
         

      

      
        22

        
          

        

      

      
         

      

    

    (d)           No
share of Series B Preferred Stock shall have any rights of preemption whatsoever
under this Certificate of Determination as to any securities of the Corporation,
or any warrants, rights or options issued or granted with respect thereto,
regardless of how such securities, or such warrants, rights or options, may be
designated issued or granted.

     

    (e)           The
shares of Series B Preferred Stock shall not have any voting powers, preferences
or relative, participating, optional or other special rights, or qualifications,
limitations or restrictions thereof, other than as set forth herein or in the
Articles of Incorporation or as provided by applicable law.

     

    (f)           The
Corporation covenants not to treat the Series B Preferred Stock as
preferred stock for purposes of Section 305 of the Internal Revenue Code of
1986, as amended, except as otherwise required by applicable law.

     

    Resolved,
that all actions taken by the officers and directors of the Corporation or any
of them in connection with the foregoing resolutions through the date hereof be,
and they hereby are, ratified and approved.

     

    
      
         

      

      
        23

        
          

        

      

      
         

      

    

    

     

    IN WITNESS
WHEREOF, the undersigned have caused this Certificate of Determination to be
executed this 29th day of December, 2009.

     

    

     

    /s/Jae Whan
Yoo                                                      

    Jae Whan Yoo

     

     
 

     

    /s/Lisa Kim
Pai                                                      

    Lisa Kim Pai

     

    

     

    

     

    We further
declare under penalty of perjury under the laws of the State of California that
the matters set forth in this certificate are true and correct of our own
knowledge.

     

    

     

    /s/Jae Whan
Yoo                                                      

    Jae Whan Yoo

     

     
 

     

    /s/Lisa Kim
Pai                                                      

    Lisa Kim Pai

     

    

     

    Date: December 29, 2009.

     

    

     

     
 

     

    24

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