Document:

Ex 10.16 - 12.31.12

NONSTANDARDIZED ADOPTION AGREEMENT PROTOTYPE CASH OR DEFERRED PROFIT-SHARING PLAN

Sponsored by

DIVERSIFIED RETIREMENT CORPORATION

The Employer named below hereby establishes a Cash or Deferred P'rofit-Sharing Plan for eligible Employees as provided in this Adoption Agreement and the accompanying Basic Plan Document #01.

L    EMPLOYER INFORMATION

If  more  than  one  Employer is  adopting the  Plan,  complete this   section based  on  the  lead  Employer. Additional Employers who are members of the same controlled group  or affiliated service group may adopt this Plan by completing and executing a Participation Agreement that, once executed, will become part of this  Adoption Agreement.

A.     Name and Address: BBCN Bank 
3731 Wilshire Blvd.. Suite 1000

Los Angeles. CA 90010

B.          Telephone Number:                213-251-2222

C.           Employer's Tax ID Number:   95-3972168

D.          Form Of Business:

 
Corporation
 

E.    Is The Employer Part Of A Controlled Group?
Part Of An Affiliated Service Group?
 

YES
YES
 

F.     Name Of Plan: BBCN Bank Employees' 401(k) and Profit Sharing Plan

G.     Three Digit Plan Number:     001

H.     Employer's Tax Year End:     December 3151

L    Employer's Business Code:    

II.     EFFECTIVE DATE

A.    New Plans:

This is a new Plan having an Effective Date of            . The Effective Date may be no earlier than the Plan

Year beginning after December 31, 2001 or if later, the first day of the Plan Year in which it is adopted. B.     Amended and Restated  Plans:
This is an amendment and/or restatement of an existing Plan.   The initial Effective Date of the Plan was January 1  1989.  The Effective Date of this amendment and/or restatement is December  21, 2012. The Effective Date of the restated Plan may be no earlier than for Plan Years beginning  after December 31,
2001.

C.    Amended or Restated Plans for EGTRRA:

This is an amendment and/or restatement of an existing Plan to comply with the Economic Growth and Tax
Relief Reconciliation Act of 2001, Pub. L.  107-17 (EGTRRA)]. The initial Effective Date of the Plan was
          . Except as provided for in the Plan, the Effective Date of this amendment and/or restatement is
          .  (The restatement date should be no earlier than the first day of the current Plan Year. The Plan
contains appropriate retroactive Effective Dates with respect to provisions of EGTRRA.)

Except to the extent permitted under Code Section 411(d)(6) and the Regulations issued thereunder, an Employer  cannot  reduce, eliminate  or make subject  to Employer  discretion  any Code Section
411(d)(6) protected benefit.  Where this Plan document is being adopted to amend another plan that
contains a protected  benefit not provided  for in the Basic Plan Document  #01, the Employer may complete Schedule A as an addendum to this Adoption Agreement.  Schedule A describes such protected  benefits  and shall become part of this  Plan.   If a prior  plan document  contains  a plan feature not  provided  for  in the Basic  Plan Document  #01, the Employer  may attach  Schedule  B describing  such feature.   Provisions  listed on Schedule B may not be covered by the IRS Opinion Letter issued with respect to the Basic Plan Document #01.

D.    Effective Date for Elective Deferrals:

If different from above, the Elective Deferral provisions shall be effective      . E.    Effective Date for Safe Harbor 401(k) Contributions:
If different from above, this provision shall be effective          . This provision must be adopted prior to the first day of the Plan Year and remain in effect for an entire twelve (12) month period.

F.    Effective Date for Roth Elective Deferrals:

If different from above, Roth Elective Deferral provisions shall be effective          .  The Effective Date of this provision cannot be earlier than January 1, 2006.

G.    Frozen Plan:

This Plan was frozen effective          .  For any period following this Effective Date, neither the Employer nor any Participant may contribute to this Plan, and no otherwise eligible Employee shall become a Participant in this Plan. All existing account balances will become fully vested as of the date specified above.

Ill.     DEFINITIONS

A.    ucompensation''

Select the definition of Compensation, the Compensation Computation Period, any Compensation Dollar Limitation and Exclusions from Compensation for each contribution type from the options listed below. Enter the letter of the option selected on the lines provided below.  Leave the line blank if no election needs to be made. The Compensation Computation Period must be the same as the Limitation Year defined at Section III(F).

	
					
	

Contribution Type
	

Compensation
Definition
	Compensation
Computation
Period
	Compensation Dollar Limitation
	Exclusions From Compensation

	All Contributions
	d
	a
	$
	g, j

	Elective Deferrals (including Roth Elective Deferrals, if applicable)
	 
	 
	

$
	 

	Voluntarv After-tax
	 
	 
	$
	 

	Required After-tax
	 
	 
	$
	 

	Matching ;)ontribution
(Formula 1
	 
	 
	

$
	 

	Matching Contribution
(Formula :1)_
	 
	 
	

$
	 

	Non-Elective Contribution
(Formula 1)
	 
	 
	

$
	 

	
					
	Non-Elective Contribution
(Formula 2)
	 
	 
	

$
	 

	Safe Harbor Contribution
	 
	 
	NIA
	NIA

	QNEC
	 
	 
	$
	 

	QMAC
	 
	 
	$
	 

	ADPIACP Tests
	d
	a
	NIA
	NIA

1.    Compensation Definition:

		
	a.
	Code Section 3401(a) - W-2 Compensation subject to income tax withholding at the source, with all pre-tax contributions excluded.

		
	b. 
	Code Section 3401(a) - W-2 Compensation subject to income tax withholding at the source, with all pre-tax contributions included (Plan defaults to this election].

		
	c.
	Code Section 604116051 - Income reportable on Form W-2, with all pre-tax contributions excluded.

		
	d.
	Code Section 604116051 -Income reportable on Form W-2, with all pre-tax contributions included.

e.    Code Section 415 - All income received for services perfonned for the Employer, with all
pre-tax contributions excluded.

		
	f.
	Code Section 415 - All income received for services perfonned for the Employer, with all pre-tax contributions included.

The  selection  of any of the above definitions of Compensation  meets the  Code Section
414(s) definition  of Compensation.  The Code Section 415 definition shall always apply with
respect to sole proprietors and partners.

		
	2.
	Deemed Compensation from permitted waiver of group health coverage under a Cafeteria Plan Arrangement:  The Employer elects to include deemed Code Section 125 Compensation not available to a  Participant  in cash in lieu of group health coverage in the Plan's definition  of Compensation.  x

3.    Compensation Computation Period:

a.    Compensation paid during a Plan Year while a Participant [Plan defaults to this election]. b.    Compensation paid during the entire Plan Year.
c.    Compensation paid during the Employes fiscal year. d.    Compensation paid during the calendar year.
		
	4.
	Compensation  Dollar Limitation: The dollar limitation section does not need to be completed unless Compensation of less than the Code Section 401(a)(17) limit of $200,000 is to be used. When an integrated allocation formula in Section VI is selected, Compensation cannot be limited to an amount less than the maximum amount under Code Section 401(a)(17).

5.     Exclusions from Compensation (non-integrated plans only):

		
	a.
	There will be no exclusions from Compensation under the Plan (Plan defaults to this safe harbor election].

b.    Overtime

c.    Bonuses

d.    Commissions

		
	e.
	Exclusion applies only to Participants who are Highly Compensated Employees (safe harbor].

f.    Holiday and vacation pay

		
	g. 
	Reimbursements  or  other  expense  allowances,  fringe benefits  (cash  and  non-cash), moving expenses, deferred compensation, and welfare benefits [safe harbor].

h.           Post-severance payments, as described in paragraph 1.17(c)(6) of Basic Plan Document
#01. (This exclusion may apply no earlier than the 2005 Limitation Year.)

i.            Compensation in excess of$        for Highly Compensated Employees [safe harbor].

j.              Other: Taxable value of company stock and cash value of gift cards.

Any exclusion of Compensation except (a), (e), (g), (h) and (i) must satisfy the requirements of Section 1.401(a)(4) of the Income Tax Regulations and Code Section 414(s) and the Regulations thereunder.  These exclusions do not fall under the llsafe harbor" modifications to Compensation and therefore must be tested to determine if the modified definition of Compensation satisfies Code Section 414(s).

B.    "Disability"

1.     As defined in the Basic Plan Document #01 [Plan defaults to this election].

2.     As defined in the Employer's Disability Insurance Plan.  

		
	3. 
	An individual will be considered to be disabled if he or she is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or to be of long, continued and indefinite duration.  An individual shall not be considered to be disabled unless he or she furnishes proof of the existence thereof in such form and manner as the Secretary of the Treasury may prescribe.

C.    "Highly Compensated Employees- Top-Paid Group Election"

		
	1. 
	Top-Paid Group Election: In determining who is a Highly Compensated Employee, the Employer may make the Top-Paid Group election.  The effect of this election is that an Employee (who is not a 5% owner at any time during the determination year or the look-back year) who earned more than

$95,000, as indexed for the look-back year, is a Highly Compensated Employee if the Employee was in the Top-Paid Group for the look-back year.  This election is applicable for the Plan Year in which this Plan is effective.

 

a.     The Employer does not make the Top-Paid Group election.

b.     The Employer makes the Top-Paid Group election [Plan defaults to this election].

2.            Calendar Year Data Election:  lithe Plan Year is not the calendar year, the prior year computation period for purposes of determining if an Employee earned more than $95,000, as indexed, is the calendar year beginning in the prior Plan Year.   This election is applicable for the Plan Year in which this Plan is effective.

D.    "Hour of Service"

Hours shall be determined by the method selected below. The method  selected shall be  applied to all
Employees:

1.     Not applicable.  A Year of Service (Period of Service) is defined using the Elapsed Time method.

2.         On the basis of actual hours for which an Employee is paid or entitled to payment [Plan defaults to this election].

3.     On the basis of days worked.  An Employee shall be credited with ten (10) Hours of Service if the
Employee would be credited with at least one (1) Hour of Service during the day.

4.     On the basis of weeks worked.  An Employee shall be credited with forty-five (45) Hours of Service if the Employee would be credited with at least one (1) Hour of Service during the week.

5.            On the basis of semi-monthly payroll periods.  An Employee shall be credited with ninety-five (95) Hours of Service if the Employee would be credited with at least one (1) Hour of Service during the semi-monthly payroll period.

		
	6. 
	On the basis of months worked.   An Employee shall be credited with one-hundred-ninety  (190) Hours of Service if the Employee would be credited with at least one (1) Hour of Service during the month.

E.    "Integration Level"

		
	1. 
	Not applicable. Either the Plan's allocation fonmula is not integrated with Social Security or there are no Non-Elective Employer Contributions being made to the Plan [Plan defaults to this election].

2.    The Taxable Wage Base.

3.
 

     %(not more than 100%) of the Taxable Wage Base.

4.     $     ,  provided that such amount is not in excess of the amount detenmined under paragraph
(E)(2) above.

5.     One dollar over 80% of the Taxable Wage Base.

6.     20% of the Taxable Wage Base.

F.     11Limitation Year"

Unless elected otherwise below, the Limitation Year shall be the Plan Year.

The twelve (12) consecutive month period commencing on Januarv 151 and ending on December 3151.

If applicable, there will be a short Limitation Year commencing on      and ending on      .  Thereafter, the Limitation Year shall end on the date specified above.

G.    "Net Profit"

		
	1. 
	Not applicable.  Employer contributions to the Plan are not conditioned on profits [Plan defaults to this election].

2.

 

Net Profits are required for making Employer contributions and are defined as follows:

a.     As defined in the Basic Plan Document #01.

b.     Net Profits will be defined in a unifonm and nondiscriminatory manner which will not result
in a deprivation of an eligible Participant of any Employer contribution.

c.    Net Profits are required for the following types of contributions:

        i.             Employer Matching Contributions (Formula 
ii.              Employer Matching Contributions (Formula 2).
 iii.             Employer QNEC and QMAC Contributions.
      iv.          Non-Elective Employer Contributions (Formula 1).

  v.          Non-Elective Employer Contributions (Formula 2).

Elective  Deferrals,  Top-Heavy  minimums  (if required),  and  Safe Harbor  Contributions  (if applicable) must be contributed regardless of profits.

H.    "Plan Year"

The twelve (12) consecutive month period commencing on January 1" and ending on December 31''-

If applicable, there wilt be a short Plan Year commencing on      and ending on      . Thereafter, the
Plan Year shall end on the date specified above.

I.    "QDRO Payment Daten

 

1.    The date the QDRO is determined to be qualified [Plan defaults to this election].

		
	2. 
	The statutory age fifty (50) requirement applies for purposes of making distribution to an alternate payee under the provisions of a QDRO.

J.    "Qualified Joint and Survivor Annuity"

		
	1. 
	Not applicable.   The Plan is not subject to Qualified Joint and Survivor Annuity rules. The safe harbor provisions of paragraph 8.7 of the Basic Plan Document #01 apply.   The normal  form of payment is a lump sum.  No annuities are offered under the Plan [Plan defaults to this election].

		
	 
	2.            The normal form of payment is a lump sum.  The Plan does provide for annuities as an optional form  of payment  at Section XVI(D) of the Adoption Agreement. The Plan's  Joint and Survivor Annuity  rules  are avoided  and the safe  harbor provisions  of paragraph  8.7 of the  Basic  Plan Document #01 witt apply, unless the Participant elects to receive his or her distribution in the form

of an annuity. If this option is selected, Section III(K) below must also be completed.

     3.     The Joint and Survivor Annuity rules are applicable and the survivor annuity will be      % (50%,
66-2/3%,  75% or 100%)  of the annuity payable during the lives of the Participant and his or her
Spouse.  If no selection is specified, 50% shall be deemed elected.

K.    "Qualified Pre-Retirement Survivor Annuity"

Do not complete this section if paragraph (J)(1) was elected.

1.     The Qualified Pre-Retirement Survivor Annuity shall be 100%  of the Participant's Vested Account
Balance in the Plan as of the date of the Participant's death.

     2.     The Qualified Pre-Retirement Survivor Annuity shall be 50%  of the Participant's Vested Account
Balance in the Plan as of the date of the Participant's death.

If this provision applies but no selection is made, the Qualified Pre-Retirement Survivor Annuity
shall be 50%.

L.    "Valuation of Plan Assets"

 
The assets of the Plan shall be valued on the last day of the Plan Year and on the following Valuation
Date(s):

1.     There are no other mandatory Valuation Dates.

2.     The Valuation Dates are applicable for the contribution type specified below:

	
		
	Contribution Type
	Valuation Date

	All Contributions
	a

	Elective Deferrals (including
Roth Elective Deferrals, if applicable)
	 

	Voluntary After-tax Contributions
	 

	Required After-tax Contributions
	 

	Deemed IRA Contribution
	 

	Matching Contributions (Formula 1)
	 

	Matching Contributions (Formula 2)
	 

	Non-Elective Contributions  Formula 1l
	 

	Non-Elective Contributions (Formula 2)
	 

		
	I Safe Harbor Contributions 
	 QNEC

QMAC

a.    Daily valued.
b.     The last day of each month.
c.    The last day of each quarter in the Plan Year.
d.    The last day of each semi-annual period in the Plan Year. e.    other:
(Note: Date must be at least once during the Plan Year.)

IV.    ELIGIBILITY REQUIREMENTS

Complete the following using the eligibility requirements as specified for each contribution type. To become a
Participant in the Plan, the Employee must satisfy the following eligibility requirements.

	
								
	

Contribution Tvpe
	

Minimum
Aae
	

Service
Requirement
	

Class
Exclusions
	Eligibility Computation Period
	

Entrv Date

	All Contributions
Elective Deferral
Roth  El: tive annlicable
	 
	21
	3
	1,2,9,10
	1
	2

	s (including
Deferrals,  if
	 
	 
	 
	 
	 

	Voluntary After-tax
Contributions
	 
	 
	 
	 
	 
	 

	Required After-tax
Contributions
	 
	 
	 
	 
	 

	atching  ontributions
Formula 11
	 
	 
	 
	 
	 

	atching  ontributions
Formula 21
	 
	 
	 
	 
	 

	on-Eiecte Contributions
Formula 1
	 
	 
	 
	 
	 

	Non-Elective Contributions
!Formula 21
	 
	 
	 
	 
	 

	Safe Harbor Contributions*
	 
	 
	 
	 
	 

	QNECs
	 
	 
	 
	 
	 

	QMACs
	 
	 
	 
	 
	 

*If any age or Service requirement selected is more restrictive than that which is imposed on any Employee contribution, that group of Employees will be subject  to the ADP and/or ACP testing  as prescribed under applicable IRS Regulations.

A.           Age:

1.           No age requirement.

2.    Insert the applicable age in the chart above. The age may not be more than twenty-one (21). B.    Service:
The maximum Service requirement for Elective Deferrals is one (1) year.  For all other contributions, the  maximum  is  two  (2) years.   If  a Service  requirement  greater than  one (1) year is  selected, Participants  must be 100% vested in that contribution.

1.           No Service requirement.

		
	2.
	Completion of           Days of Service. [No more than 730 Days of Service may be required; if more than 365 days are entered here, Participants must be 100% vested upon entering the Plan.]

		
	3.
	Completion of ,:2  months of Service [No more than twenty-four (24) months of Service may be required; if more than twelve (12) months are entered here, Participants must be 100% vested upon entering the Plan.]

		
	4. 
	Completion of            months of Service [No more than twenty-four (24) months of Service may be required; if more than twelve (12) months are entered here, Participants must be 100%  vested upon enteling the Plan.]

5.     One (1) Year of Service or Period of Service.

6.     Two (2) Years of Service or Periods of Service.

		
	7. 
	One (1) Expected Year of Service.   An Employee whose position is required as a condition  of employment to work a Year of Service may enter after six (6) months of actual Service.

		
	8. 
	One (1) Expected Year of Service.   An Employee whose position is required as a condition  of employment to work a Year of Service may enter after            months of actual Service [must be twelve (12) months or less].

		
	9. 
	One (1) Expected Year of Service.   An Employee whose position is required as a condition  of employment to work a Year of Service may enter after           months of actual Service [must be twelve (12) months or less].

		
	10. 
	Completion of            Hours of Service (1,000 hours or less) within the            month(s) time period [the monthly period must be a pro-ration of twelve (12) months or less] following an Employee's commencement of employment.  An Employee who is otherwise eligible who meets the statutory one (1) Year of Service requirement and any age requirement if applicable, shall participate in the Plan not later than the earlier of the first day of the first Plan Year after the Employee has met the statutory requirements or six (6) months after the day such requirements are met.

11.     Completion of      Hours of Service (may not be more than 1,000 Hours).

C.     Method for Measuring Service Eligibility Period (do not enter this method in the table above):

A Year of Service for eligibility purposes is defined as follows (choose one):

     1.     Not applicable.

2.      Hours of Service method.  A Year of Service will be credited upon completion of             Hours of Service.  A Year of Service for eligibility purposes may not be less than one (1) Hour of Service nor greater than 1,000 hours by operation of law. If left blank, the Plan will use 1,000 hours.

3.     Elapsed Time method.

D.    Employee Class Exclusions:

The exclusion of any classification may cause the Plan to fail the ratio percentage test under Code Section 410(b)(1)(A) or (B) which may require the Plan to be tested under the average benefits test of Code Section 410(b)(1)(C).

		
	1.
	Employees included in a unit of Employees covered by a collective bargaining agreement between the Employer and Employee Representatives, if benefits were the subject of good faith bargaining and  if two percent or  less of the  Employees are  covered pursuant to  the  agreement are professionals as defined in Regulations Section 1.410(b)-9, unless participation in this Plan is specifically provided for in the collective bargaining agreement.   For this purpose, the term "employee representative" does not include any organization more than half of whose members are owners, officers, or executives of the Employer.

		
	2. 
	Employees who are non-resident aliens [within the meaning of Code Section 7701(b)(1)(B)]  who receive no Earned Income [within the meaning of Code Section 911(d)(2)] from the Employer which constitutes income  from sources within the United States [within the meaning  of Code Section

861(a)(3)].

3.           Employees compensated on an hourly basis.

4.           Employees compensated on a salaried basis.

5.           Employees compensated on a commission basis.

6.           Leased Employees.

7.          Key Employees.

8.          Highly Compensated Employees.

9.          Employees of any member of the controlled and/or affiliated service group Employer whose
Employer does not affirmatively adopt this Plan.

		
	10.
	The Plan shall exclude from participation any nondiscliminatory classification of  Employees determined as follows (any exclusion must pass coverage and nondiscrimination testing):  410(b) transaction Employees until necessarv.

E.    Eligibility Computation Period:

The initial eligibility computation period shall commence on the date on which an Employee first performs an Hour of Service and end with the first anniversary thereof.  Each subsequent computation period shall commence on:

1.          Not applicable. The Plan has a Service requirement of less than one (1) year or uses the Elapsed
Time method to determine eligibility.

2.          The anniversary of the Employee's employment commencement date and each subsequent twelve
(12) consecutive month period thereafter.

3.          The first day of the Plan Year which ccmmences prior to  the first anniversary date of the
Employee's employment commencement date and each subsequent Plan Year thereafter.

F.     Entry Date:

1.          The Employee's date of hire.

		
	2.
	The first day of the month coinciding with or next following the date on which an Employee meets the eligibility requirements.

3.          The first day of the payroll period coinciding with or next following the date on which an Employee
meets the eligibility requirements,  or as soon as administratively feasible thereafter.

		
	4.
	When the Days of Service method is selected at Section IV(B)(2), the Entry Date shall be the day the Employee meets the eligibility requirements, or as soon as administratively feasible thereafter.

		
	5.
	The earlier of the first day of the Plan Year, or the first day of the fourth, seventh or tenth month of the Plan Year coinciding with or next following the date on which an Employee meets the eligibility requirements.

		
	6.
	The earlier of the first day of the Plan Year or the first day of the seventh month of the Plan Year coinciding with or next following the date on which an Employee meets the eligibility requirements.

		
	7.
	The first day of the Plan Year following the date on which the Employee meets the eligibility requirements. If this election is made, the Service waiting period cannot be greater than one-half year and the minimum age requirement may not be greater than age twenty and one-half (20%).

8.          The first day of the Plan Year nearest the date on which an Employee meets the eligibility
requirements. This option can only be selected for Employer related contributions.

		
	9.
	The first day of the Plan Year during which the Employee meets the eligibility requirements. This option can only be selected for Employer related contributions.

		
	10.
	Other:          .  This option may not require an entry date more than two (2) months following the date on which an Employee meets the eligibility requirements.

G.     Employees on Effective Date:

If option (1) is selected, options (2) and (3) should not be selected. Options (2) and (3) can be selected or just option (2) or (3).

1.          All Employees will be required to satisfy both the age and Service requirements specified above.

		
	 
	2.         Employees employed  on the Plan's  Effective Date do not  have to satisfy the age requirement specified above.

3.     Employees employed on the Plan's Effective Date do not have to satisfy the Service requirement
specified above.

     H.    Special Waiver of Eligibility Requirements:

The age and/or Service eligibility requirements specified above shall be waived for the eligible Employees specified below who are employed on the specified date for the contribution type(s) specified.  This waiver applies to either the age or Service requirement or both as elected below.

	
				
	

Waiver Date
	Waiver of Age
Requirement
	Waiver of Service
Requirement
	

Contribution Type

	 
	 
	 
	All Contributions

	 
	 
	 
	Elective Deferrals (including Roth
Elective Deferrals, if applicable)

	 
	 
	 
	Matching Contribution (Formula 1)

	 
	 
	 
	MatchinQ Contribution (Formula 2)

	 
	 
	 
	Non-Elective Contribution  Formula 1)

	 
	 
	 
	Non-Elective Contribution (Formula 2)

	 
	 
	 
	Safe Harbor Contribution

	 
	 
	 
	QNEC

	 
	 
	 
	QMAC

The waiver above applies to:

	
			
	 
	1.
	All eligible Employees employed on the specified date.

	 
	2.
	The indicated class of Employees employed on the specified date.

Note:  Any selection here may cause the Plan to be discriminatory in operation and therefore would
have to be tested  for nondiscrimination.

V.    RETIREMENT AGES

A.    Normal Retirement:

Select option (1) or (2) and either (3)(a) or (3)(b).

1.     Normal Retirement Age shall be age 65 [not to exceed sixty-five (65)].

		
	2.
	Normal Retirement Age shall be the later of attaining age            [not to exceed age sixty-five (65)] or the            (not to exceed the fifth) anniversary of the first day of the first Plan Year in which the Participant commenced participation in the Plan.

3.     The Normal Retirement Date shall be:

		
	a.
	as  of  the  date  the  Participant  attains  Normal  Retirement  Age  [Plan  defaults  to  this election].

D     b.     the first day of the month next following the Participant's attainment of Normal Retirement
Age.

B.     Early Retirement:

 
1.     Not applicable.

		
	2. 
	The Plan shall  have  an Early Retirement  Age of       [not  less  than  age fifty-five (55)] and completion of      Years of Service.

3.     The Early Retirement Date shall be:

a.     as of the date the Participant attains Early Retirement Age [Plan defaults to this election].

b.     the first day of the month next following the Participant's attainment of Early Retirement
Age.

VI.     CONTRIBUTIONS TO THE PLAN

The Employer shall make contributions to the Plan in accordance with the formula or formulas selected below.   The
Employer's contribution shall be subject to the limitations contained in Articles Ill and X of the Basic Plan Document
#01.  For this purpose, a contribution for a Plan Year shall be limited by Compensation earned in the Limitation Year that ends with or within such Plan Year. For Limitation Years beginning on or after January 1, 2002, except to the extent permitted under paragraph 4.6(h) of the Basic Plan Document #01 and under Code Section 414(v), the Annual Addition that may  be contributed  or allocated to a Participant's account  under the Plan for any Limitation  Year beginning after December 31, 2001 shall not exceed the lesser of (a) $40,000, as adjusted for increases in the cost­ of-living under Code Section 415(d), or (b) 100% of the Participant's  Compensation within the meaning  of Code Section 415(c)(3), for the Limitation Year.

A.           Elective Deferrals:

1.    Participants shall be permitted to make Elective Deferrals:

a.     in any amount up to 90% (may be no more than 100%) of Compensation.

b.    in any amount from a minimum of      % (may be no Jess than 1%) to a maximum of
     %(may be no more than 100%) of their Compensation not to exceed$     [may
be  no  more  than  the  Code  Section  402(g)  limit  and  Code  Section  414(v)  limit,  if applicable].

		
	 
	c.           in  a fiat dollar  amount  from a minimum  of  $           (may be  no less  than  $500)  to a maximum  of $           , [may be no more than the Code Section 402(g)  limit and  Code Section 414(v) limit, if applicable] not to exceed            % (no more than 100%) of their Compensation.

d.            in any amount up to the maximum percentage of Compensation and dollar amount permissible  under  Code Section 402(g) and 414(v)  not  to exceed  the  limits  of  Code Section 401(k), 404 and 415.

e.           Highly Compensated Employees may defer any amount up to            % (may be no more than 100%) of Compensation or$        [may be no more than the Code Section 402(g) limit and Code Section 414(v) limit, if applicable].

f.     Catch-up Contributions may be made by eligible Participants.

		
	2. 
	Participants  shall  be  permitted  to  terminate  their  Elective  Deferrals  (including  Roth  Elective Deferrals, if any) at any time upon proper and timely notice to the Employer.   Modifications  and reinstatement of Participants' Elective Deferrals will become effective as soon as administratively feasible on a prospective basis as provided for below:

Modifications    Reinstatement     Method

D      D D      D D      D

D      D
D      D
B.    Roth Elective Deferrals:
 

On a daily basis.
On the first day of each quarter. On the first day of the next month.
The beginning of the next payroll period.
On the first day of the next semi-annual period. Upon      days notice to the Plan Administrator.

If Participants are permitted to make Elective Deferrals, they shall also be permitted to make Roth Elective
Deferrals. Roth Elective Deferrals may be treated as Catch-Up Contributions.

C.     Bonus Option:

1.     Not  applicable.  The   Plan's  definition  of  Compensation  excludes   bonuses   from  deferrable
Compensation for both Elective Deferrals and Roth Elective Deferrals.

D.

		
	 
2. 
	Not  applicable.    Participants  are  not penmitted to  make  a separate  deferral election  and  the Participant's deferral  amount elected on their Salary Deferral Agreement will also apply  to any bonus received by the Participant for any Plan Year.

		
	3. 
	The Employer penmits a Participant to amend his or her deferral election to defer to the Plan an amount not to exceed            % (may be no more than 100%) or$         [may be no more than the Code Section 402(g) limit and Code Section 414(v) limit, if applicable] of any bonus received by the Participant for any Plan Year.

Automatic Enrollment:

The Employer elects the automatic enrollment provrsrons for Elective Deferrals as follows. Automatic enrollment in Roth Elective Deferrals is not permitted under the Plan.  The automatic enrollment provisions apply  to all eligible Employees.    Employees  and Participants shall  have the right to amend  the stated automatic Elective Deferral percentage or receive cash in lieu of deferral into the Plan.

1.          RESERVED

2.             Automatic Deferrals:

		
	a.
	New Employees:   Employees who have not met the eligibility requirements shall have Elective   Deferrals  withheld   in  the   amount  of           %   (not   more  than   10%)   of Compensation or $           [may be no more than the Code Section 402(g) limit and Code Section 414(v) limit, if applicable] upon entering the Plan.

i.     On an annual basis the Elective Deferral limit under the Plan shall be increased up to a maximum amount determined by the Employer.

ii.    After        Years  of  Service, the  amount  specified  above  shall  increase  to
     %(no more than 10%) or$     [may be no more than the Code Section
402(g) limit and Code Section 414(v) limit, if applicable].

This requirement is effective for Employees hired on or after      .

b.            Current Employees:   Employees who are eligible to participate but not deferring shall have  Elective  Deferrals  withheld  in  the  

amount  of             %  (not  more  than  10%)  of Compensation or $          [may be no more than the Code Section 402(g) limit and Code Section 414(v) limit, if applicable].

i.     On an annual basis the Elective Deferral limit under the Plan shall be increased up to a maximum amount determined by the Employer.

ii.    After       
 

Years  of Service, the  amount  specified  above  shall  increase  to

     %(no more than 10%) or$     [may be no more than the Code Section
402(g) limit and Code Section 414(v) limit, if applicable].

c.         Current Participants:  Current Participants who are deferring at a percentage less than the  amount  selected  herein  shall  have  Elective  Deferrals  withheld  in  the  amount  of
     % (not more than 10%)  of Compensation or $     [may be no more  than the
Code Section 402(g) limit and Code Section 414(v) limit, if applicable].

i.     On an annual basis the Elective Deferral limit under the Plan shall be increased up to a maximum amount determined by the Employer.

ii.    After        Years  of  Service, the  amount  specified  above  shall  increase  to
     %(no more than 10%) or$     [may be no more than the Code Section
402(g) limit and Code Section 414(v) limit, if applicable].

Employees and  Participants shall  have  the  right to  amend  the  stated  automatic Elective Deferral provisions or receive cash in lieu of deferral into the Plan.   For purposes of this provision, Employees returning an election form indicating a 11Zero'' deferral amount shall be deemed "Current Participants".

E.    Voluntary After-tax Contributions:

 
If the Employer wishes to reserve  the right to recharacterize Elective Deferrals as Voluntary After-tax
Contributions in order to pass the ADPIACP Test, this section must  be completed.

1.     The Plan does not permit Voluntary After-tax Contributions.

		
	2. 
	Participants may make Voluntary After-tax Contributions in any amount from a minimum of            % (may  not be  less than 1%)  to a maximum  of            % (may be  no more than 100%)  of their Compensation or a flat dollar amount from a minimum of$        (may not be less than $1,000) to a maximum  of $           [may be no more than the Code Section 402(g) limit and Code Section

414(v) limit. if applicable].

		
	3. 
	Participants  may  make  Voluntary  After-tax  Contributions  in  any  amount  up  to  the  maximum permitted by law.

		
	4. 
	The maximum combined limit of Elective Deferrals, Roth Elective Deferrals, and Voluntary After-tax Contributions will not exceed            % (may be no more than 100%) of Compensation or$           [may be no more than the Code Section 402(g) limit and Code Section 414(v) limit, if applicable].

F.     Required After-tax Contributions (for Thrift Savings  Plans only):

 
1.     The Plan does not permit Required After-tax Contributions.

2.     Participants shall be required to make Required After-tax Contributions as follows:

a.          %(may  be no more than 100%) of Compensation.

b.    A percentage determined by the Employee.

c.     A flat dollar amount of $     [may be no more than the Code Section 402(g) limit and
Code Section 414(v) limit, if applicable].

d.           The maximum combined limit of Elective Deferrals, Roth Elective Deferrals and Required After-tax  Contributions  will  not  exceed             %  (may  be  no  more  than  100%)  of Compensation or$          
[may be no more than the Code Section 402(g) limit and Code Section 414(v) limit, if applicable].

G.    Rollover Contributions:

l
 

1.     The Plan does not accept Rollover Contributions.

2.     Rollover Contributions may be made:

 

a.     after meeting the eligibility requirements for participation in the Plan.

b.     prior to meeting the eligibility requirements for participation in the Plan.

3.    The Plan will accept a Participant Rollover Contribution of an Eligible Rollover Distribution  from
(check only those that apply):

a.     A Qualified Plan described in Code Section 401(a) or 403(a).

b.     An annuity contract described in Code Section 403(b).

		
	c. 
	An eligible  plan  under  Code  Section  457(b)  which  is maintained  by  a state,  political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state.

		
	d. 
	An Individual Retirement Account (which was not used as a conduit from a Qualified Plan) or Annuity described in Code Section 408(a) or 408(b) that is eligible to be rolled over and would otheiWise be includable in gross income.

		
	4. 
	The Plan will accept a Direct Rollover of an Eligible Rollover Distribution from (check only those that apply):

a.     A Qualified Plan described in Code Section 401(a) or 403{a), excluding Voluntary After-tax
Contributions.

b.     A Qualified Plan described in Code Section 401(a) or 403{a), including Voluntary After-tax
Contributions.

	
			
	 
	c.
	

An  annuity  contract  described  in  Code  Section 403(b), excluding  Voluntary  After-tax
Contributions.

	 
	d.
	An  annuity  contract  described  in  Code  Section  403(b),  including  Voluntary  After-tax
Contributions.

	 
	e.
	An eligible  plan  under  Code  Section 457(b) which  is maintained  by  a state, political subdivision of a state, or an agency or instrumentality of a state or political subdivision of a

	 
	 
	state.

	 
	f.
	A Roth Elective Deferral Account if it is a Direct Rollover from another Roth Elective

	 
	 
	Deferral Account under a Qualified Plan described in Code Section 402A{e)(1) and only
to the extent the rollover is permitted under Code Section 402(c).

H.    Deemed IRA Contributions/Reserved:

 
1.     The Plan does not accept any Deemed IRA contributions.

		
	2. 
	Deemed IRA contributions may be made to this Plan for Plan Years beginning      (may be no earlier than January 1, 2003):

a.     In accordance with the Traditional IRA rules as described in the Basic Plan Document
#01.   An Individual must meet the eligibility requirements for participation in the Plan in
order to make a "Deemed IRA" contribution.

b.             In accordance with the Roth IRA rules as described in the Basic Plan Document #01.  An Individual must meet the eligibility requirements for participation in the Plan in order to make a "Deemed IRA" contribution.

I.    Safe Harbor Plan Provisions:

If the Safe Harbor Plan provisions are elected, the nondiscrimination tests at Article XI of the Basic Plan Document #01 are not applicable.  Safe Harbor Contributions made are subject to the withdrawal restrictions of  Code  Section  401(k)(2){B)  and  Treasury  Regulation  Section  1.401(k)-1(d);  such  contributions  (and earnings thereon) must not be distributable earlier than severance from employment, death, Disability, an event described in Code Section 401(k)(10), or in the case of a profit-sharing or stock bonus plan, the attainment of age 59%. Safe Harbor Contributions are NOT available for Hardship withdrawals.

The ACP Test Safe Harbor is automatically satisfied if the only Matching Contribution to the Plan is either a Basic  Matching  Contribution or an Enhanced Matching Contribution that does  not provide  a match  on Elective Deferrals in excess of 6% of Compensation. For Plans that allow Voluntary or Required After-tax Contributions, the ACP Test is applicable with regard to such contributions.

Employees eligible to make Elective Deferrals to this Plan must be eligible to receive the Safe Harbor
Contribution in the Plan listed below, to the extent required by applicable IRS Regulations.

The Employer elects to comply with the Safe Harbor Cash or Deferred Arrangement provisions of Article XI
of the Basic Plan Document #01 and elects one of the following contribution formulas:

1.    Safe Harbor Tests:

a.           Only the ADP Test Safe Harbor provisions are applicable. A formula in paragraphs (3), (4) or (5) below has been selected and the ADP Safe Harbor has been satisfied.

b.             Only the ACP Test Safe Harbor provisions are applicable.     No additional Matching Contributions would be needed in order to satisfy the ACP Safe Harbor if the Plans satisfies the Basic or Enhanced Match.

c.    Both the ADP and ACP Test Safe Harbor provisions are applicable. If both ADP and ACP
provisions are applicable:

i.     No additional Matching Contributions will be made in any Plan Year in which the
Safe Harbor provisions are used.

		
	 
	ii.             The Employer may make Matching Contributions in addition to any Safe Harbor Matching Contributions elected below.   [Complete provisions in Section VI(J) regarding Matching Contributions that will be made in addition to those Safe Harbor Matching Contributions made below.]

Safe Harbor Contributions cannot be subject to an Hours of Service or employment  on the last day of the Plan Year requirement.

2.           Designation  of  Alternate  Plan to  Receive  Safe Harbor  Contribution:   If the  Safe Harbor Contribution as elected below is not being made to this Plan, the name of the other plan that will receive the Safe Harbor Contribution is:

3.
 

Basic  Matching  Contribution  Formula:    Matching Contributions will be  made on behalf of Participants in an amount equal to 100% of the amount of the Eligible Participant's Elective Deferrals that do not exceed 3% of the Participant's Compensation and 50% of the amount of the Participant's Elective Deferrals that exceed 3% of the Participant's Compensation but that do not exceed 5% of the Participant's Compensation.

		
	4.
	Enhanced Matching Contribution  Formula:   Matching Contributions will be made in an amount equal to the sum of:

		
	a. 
	100% of the Participant's Elective Deferrals that do not exceed ;2% of the Participant's Compensation [insert a number that is three (3) or greater but not greater than six (6); if a number greater than six (6) is inserted or if left blank, this will not qualify as an Enhanced Matching Contribution Formula and the ADP test will apply], plus

		
	b.
	75%  of  the  Participant's Elective  Deferrals that  exceed  ;2% of  the  Participant's Compensation but do not exceed §% of the Participant's Compensation [insert a number that is three (3) or greater but not greater than six (6) in the second blank.  Both blanks should be completed so that at any rate of Elective Deferrals, the Matching Contribution is at least equal to the Matching Contribution receivable if the Employer were making a Basic Matching Contribution. The rate of match cannot increase as Elective Deferrals increase. If a number greater than six (6) is inserted or if left blank, this will not qualify as an Enhanced Matching Contribution Formula and the ACP Test will apply.]

If an additional discretionary Matching Contribution is made, the dollar amount of that contribution may not exceed 4% of eligible Plan Compensation.

     5.     Guaranteed Non-Elective  Contribution Formula:    The Employer shall make a Non-Elective
Contribution equal to      % (not less than 3%) of the Compensation of each Eligible Participant.

     6.
 

Flexible  Non-Elective  Contribution  Formula:   This provision provides the Employer with the ability to amend the Plan to comply with the Safe Harbor provisions during the Plan Year.  To provide such option, the Employer must amend the Plan and indicate on Schedule C that the Safe Harbor Non-Elective Contribution (not less than 3%) will be made for the specified Plan Year. Such election must comply with all the applicable notice requirements.

Additional non-Safe Harbor Contributions may be made to the Plan pursuant  to Section VI(J) hereof. Any additional contributions may be subject to nondiscrimination testing.

		
	7. 
	Limitations on Safe Harbor Matching Contributions:  If a Safe Harbor Matching Contribution is made to the Plan:

 

a.     The Employer elects to make Safe Harbor Matching Contributions on an annual basis.

b.    The Employer elects to match actual Elective Deferrals made:

 
 

i.     on a payroll basis [Plan defaults to this election]. ii.     on a monthly basis.
iii.         on a Plan Year quarterly basis.

iv.          The Employer elects to true up Safe Harbor Matching Contributions made to the
Plan on the above basis.

If  one  of  the  Matching  Contribution  calculation  periods  at  paragraph  (7)(b)  above  is selected, Matching Contributions must be deposited to the Plan not later than the last day of the calendar quarter next following the quarter to which they relate.

	
			
	 
	   c.    The   Employer   will   only   contribute   the   Safe   Harbor   Contribution   to   Non-Highly
Compensated Employees.

	 
	

J.
	

Matching Employer Contribution:

	 
	 
	Do  not  complete this  section of  the  Adoption Agreement if the  Plan  only  offers   a Safe  Harbor

	 
	 
	Contribution. A Plan that  offers  both  a Safe Harbor Contribution as well as an additional Employer

	 
	 
	Contribution that  is specified below,  must  complete both  Sections Vl(l)  and VI(J) of this  Adoption

	 
	 
	Agreement.

	 
	 
	Select the Matching Contribution Formula, Computation Period and special Limitations for each contribution

	 
	 
	type from the options listed below.  Enter the letter of the option(s) selected on the lines provided.  Leave the

	 
	 
	line blank if no election is required.

	 
	 
	

The Matching Contribution(s) selected below will be deemed an additional discretionary  ACP Test Safe
Harbor Matching Contribution in accordance with the selection made at Section Vl(l).   The allocation of any

	 
	 
	additional Matching Contribution made by the Employer will not exceed 4% of eligible Compensation.

	 
	 
	

The Matching Contribution(s) selected below will be deemed a discretionary contribution that will be subject
to nondiscrimination testing.

	
							
	

Type of
Contribution
	Matching
Contribution
(Formula 1)
	Matching
Computation
Period
	

Limitations
	Matching
Contribution
(Formula  2)
	Matching
Computation
Period
	

Limitations

	Elective Deferrals (including Roth Elective Deferrals, if applicable)
	 
	 
	 
	 
	 
	 

	Voluntary After-tax
	 
	 
	 
	 
	 
	 

	Required After-tax
	 
	 
	 
	 
	 
	 

	403(b) Deferrals
	 
	 
	 
	 
	 
	 

If  any election  is made  with respect  to "403(b) Deferrals" above,  and if this Plan is  used  to fund any
Employer Contributions, Employer Contributions will be based on the Elective Deferrals made to an existing
403(b) plan sponsored by the Employer.

Name of corresponding 403(b) plan, as applicable:      

If the  Matching Contribution formula selected by  the  Employer is  100%  vested  and  may  not  be distributed to  the  Participant before  the  earlier  of  the  date  the  Participant has  a severance from employment, retires, becomes disabled, attains 59%, or dies, it  may be treated as a Qualified Matching Contribution.

Matching  Contribution Formulas may  be  subject  to a minimum  or maximum dollar  or  percentage
limit.

1.     Matching Contribution Formulas:

Matching Contribution Formulas for Elective Deferrals and Roth Elective Deferrals:

		
	a. 
	Percentage  of  Deferral  Match:     The   Employer  shall  contribute  to  each   eligible Participant's  account  an  amount  equal  to           %   (no  more  than  500%)   of  the Participant's Elective Deferrals up to a maximum of            % (no more than the Annual Addition limit for the Plan Year) of Compensation or $           [no more than the Annual Addition limit for the Plan Year].

b.     Uniform  Dollar  Match:    The  Employer  shall  contribute  to  each  eligible  Participant's

account  $     
 
(no  more  than  the  Annual  Addition  limit  for  the  Plan  Year)  if the

Participant contributes at least            % (no more than 100%) of Compensation or $           [may be no more than the Code Section 402(g) limit and Code Section 414(v) limit, if applicable].  The Employer's contribution will be made up to a maximum of            % (no more than the Annual Addition limit for the Plan Year) of Compensation.

		
	c. 
	Discretionary Match:    The  Employer  shall  have  the  right  to  make  a  Discretionary Matching Contribution.  The Employer's Matching Contribution shall be determined by the Employer with respect to each Plan Year's eligible Participants.  Such contribution shall be in the amount specified and allocated as follows:

		
	d. 
	Tiered Match:   The Employer shall contribute to each eligible Participant's account  an amount equal to:

     % (no more than 500%)  of the first      %  of the Participant's  Compensation contributed, and

     % (no more than 400%) of the next       % of the Participant's  Compensation
contributed, and

     % (no more than 300%) of the next       % of the Participant's  Compensation contributed.

The Employer's contribution will be made up to the  greater of (may be no more than
500%)  lesser of (may be no less than 1%)       %of Compensation, or$     (no
more than the Annual Addition limit for the Plan Year).

	
			
	 
	The percentages specified above may not increase as the rate of Elective Deferrals or  Employee  Contributions  increase.    This  formula  must  meet  Code  Section

	401(a)(4) and the ACP Test.

	 
	e.
	Percentage of Compensation Match:   The Employer shall contribute to each eligible

	 
	 
	Participant's account     % (no less than 1%) of Compensation if the eligible Participant

	 
	 
	contributes at least     % (no more than 100%) of Compensation.

	 
	 
	The Employer's contribution will be made up to the  greater of (may be no more than
500%)  lesser of  (may be no less than 1%)     %of Compensation or$    (no

	 
	 
	more than the Annual Addition limit for the Plan Year).

	 
	 
	This formula must meet Code Section 401(a)(4) and the ACP Test.

	 
	f.
	Proportionate Compensation Match:   The Employer  shall  contribute  to  each  eligible

	 
	 
	Participant who defers at least     % (may be no more than 100%) of Compensation,

	 
	 
	an amount determined by multiplying such Employer Matching Contribution by a fraction,

	 
	 
	the numerator of which is the Participant's Compensation and the denominator of which is

	 
	 
	the Compensation of all Participants eligible to receive such an allocation.

	 
	 
	The Employer's contribution will be made up to the  greater of (may be no more than
500%)  lesser of (may be no less than 1%)      %of Compensation or$    (no

	 
	 
	more than the Annual Addition limit for the Plan Year).

	 
	 
	This formula must meet Code Section 401(a)(4) and the ACP Test.

	 
	

g.
	

Catch-Up Contributions:  The Employer elects to match Catch-Up Contributions under

	 
	 
	the same formula or formulas as elected above.

In the event that an Excess Contribution is recharacterized as a Catch-up Contribution, any Matching Contribution made  thereon may  remain in  the  Plan if  the  Matching Contribution Formula is not otherwise exceeded.

Additional Matching Contribution Formulas for Voluntary After-tax Contributions:

		
	h.
	Percentage  of   Deferral   Match:  The  Employer  shall  contribute  to  each  eligible Participant's account an amount equal to           % (no less than 1%) of the Participant's Contribution up to a maximum of           % (may be no more than 500%) of Compensation or$          [may be no more than the Code Section 402(g) limit and Code Section 414(v) limit, if applicable].

i.     Uniform  Dollar  Match:  The Employer shall contribute to each eligible Participant's

account  $     
 
(no more than the Annual Addition limit for the Plan Year) if  the

Participant contributes at least      % (may be no more than 100%) of Compensation or
$     [may be no more than the Code Section 402(g) limit and Code Section 414(v)
limit, if applicable].  The Employer's contribution will be made up to the maximum of
     %(may be no more than 500%) of Compensation.

		
	j. 
	Discretionary Match:  The  Employer shall  have the  right  to  make  a  Discretionary Matching Contribution. The Employer's Matching Contribution shall be determined by the Employer with respect to each Plan Year's eligible Participants. Such contribution shall be in the amount specified and allocated as follows:

Additional Matching Contribution Formulas for Required After tax Contributions:

		
	k.
	Percentage  of   Deferral   Match:  The  Employer shall  contribute  to  each  eligible Participant's account an amount equal to           % (no less than 1%) of the Participant's Contribution up to a maximum of           % (may be no more than 500%) of Compensation or$            [may be no more than the Code Section 402(g) limit and Code Section 414(v) limit, if applicable].

I.    Uniform  Dollar  Match:  The Employer shall contribute to each eligible Participant's

account  $     
 
(no more than the  Annual Addition limit for the Plan Year) if  the

Participant contributes at least      % (may be no more than 100%) of Compensation or
$     [may be no more than the Code Section 402(g) limit and Code Section 414(v)
limit, if applicable].  The Employer's contribution will be made up to the maximum of
     %(may be no more than 500%) of Compensation.

		
	m.
	Discretionary Match:  The  Employer shall have  the  right  to  make  a  Discretionary Matching Contribution. The Employer's Matching Contribution shall be determined by the Employer with respect to each Plan Year's eligible Participants. Such contribution shall be in the amount specified and allocated as follows:

Additional Matching Contribution Formulas for 403(b) Deferrals:

		
	n.
	Percentage  of  Deferral   Match:   The  Employer shall  contribute to  each  eligible Participant's account an amount equal to           % (no less than 1%) of the Participant's deferral up to a maximum of           % (may be no more than 500%) of Compensation or

$     [may be no more than the Code Section 402(g) limit and Code Section 414(v)
limit, if applicable].

o.    Uniform  Dollar  Match:  The Employer shall contribute to each eligible Participant's

account  $     
 
(no more  than the Annual Addition limit  for the Plan Year) if  the

Participant contributes at least      % (may be no more than 100%) of Compensation or
$     [may be no more than the Code Section 402(g) limit and Code Section 414(v)
limit, if applicable].  The Employer's contribution will be made up to the maximum of
     %(may be no more than 500%) of Compensation.

		
	p.
	Discretionary Match:  The  Employer shall  have the  right  to  make  a  Discretionary Matching Contribution. The Employer's Matching Contribution shall be detenmined by the Employer with respect to each Plan Year's eligible Participants. Such contribution shall be in the amount specified and allocated as follows:           

		
	2.
	Matching Contribution Computation Period: The Compensation or any dollar limitation imposed in calculating the Matching Contribution will be based on the period selected below. Matching Contributions will be calculated on the following basis:

a.     Payroll Based
b.     Weekly
c.    Bi-weekly
d.     Semi-monthly
 
e.     Monthly
f.    Quarterly
g.     Semi-annually
h.     Annually

The calculation of Matching Contributions based on the Computation Period selected above has no applicability as to when the Employer remits Matching Contributions to the Trust.

3.          Limitations on Matching Formulas:

		
	a.
	Contributions  to   Participants   who   are   not   Highly   Compensated   Employees: Contribution of  the  Employer's Matching Contribution will be  made  only  to  eligible Participants who are Non-Highly Compensated Employees.

b.    Deferrals withdrawn prior to the end of the Matching Computation Period:  Matching
Contributions (whether or not Qualified) will not be made on Employee contributions withdrawn prior to the end of the [ 1 Matching Computation Period, or [ 1 Plan Year.

If elected, this requirement shall not apply in the event of a withdrawal occurring as the
result of a termination of employment for reasons of retirement, Disability or death.

		
	c.
	Maximum   Plan  Limit   for   Matching   Contributions:  In  no  event  will   Matching Contributions exceed          % (no more than 500%) of Compensation, or $           (no more than the Annual Addition limit for the Plan Year).

If  elected, this limitation applies to the total of all Elective Deferrals, Roth Elective Deferrals, Catch-Up Contributions, Voluntary After-tax Contributions, and Required After­ tax Contributions made to the Plan for the Plan Year.

d.    True  Up  of  Matching  Contributions:    The  Employer elects to  true  up  Matching
Contributions made to the Plan.

K.     Non-Elective Employer Contributions:

The Employer shall have the right to make a discretionary contribution.  If a discretionary contribution is made, the Employer's contribution for the Plan Year shall be allocated to the accounts of eligible Participants as follows (enter the number of the allocation method being used by the Plan):

	
		
	TVOe of Contribution
	Allocation Method

	Non-Elective  Fonmula 1
	1

	Non-Elective  Fonmula 2
	 

		
	1.
	Pro-Rata Formula:   The Employer's contribution for the Plan Year shall be allocated to each eligible Participant on a pro-rata basis based on the Compensation of the Participant to the total Compensation of all Participants.

2.    Uniform  Percentage Formula: The Employer's contribution shall be allocated to each eligible
Participant as a uniform percentage of the Employer's Net Profit.

		
	3.
	Percentage of Compensation Formula:   The Employer's contribution shall be           % of each Participanfs Compensation allocated on a pro-rata basis based on the Compensation of the Participant to the total Compensation of all Participants.

		
	4.
	Hours of Service Formula:  The Employer's contribution shall be a discretionary amount allocated in the same dollar amount to each eligible Participant based on each Hour of Service performed or each day that the Participant is entitled to Compensation.

		
	5. 
	Uniform Dollar Amount Formula:  The Employer shall contribute and allocate to the account of each eligible Participant an equal dollar amount.

		
	6. 
	Excess Integrated Contribution Formula:  The Employer's contribution shall be allocated as an amount taking into consideration amounts contributed to Social Security using the four-step Excess Integrated Allocation Fonmula as described in the Basic Plan Document #01; the Integration Level is defined at Section III(E) of this Adoption Agreement.

		
	7. 
	Base Integrated Contribution Formula:   The Employer's contribution shall be allocated as an amount taking into consideration amounts contributed to Social Security using the two-step Base Integrated  Allocation   Fonmula  as  described   in  the   Basic  Plan  Document  #01;   Employer Contributions shall be allocated as follows:            % of each eligible Participant's Compensation, plus            % of Compensation in excess of the Integration Level defined at Section III(E) hereof.  If the Integration Level selected in Section III(E) is other than the Taxable Wage Base, the maximum disparity rate will be adjusted as follows: (a) if the Integration Level selected is greater than zero (O) but  not more  than the greater  of $10,000  or 20%  of the Taxable Wage  Base, the  maximum disparity rate will be 5.7%; (b) if the Integration Level selected is more than the greater of $10,000 or 20% but not more than 80% of the Taxable Wage Base, the maximum disparity rate will be

4.3%; (c) if the Integration Level selected is more than 80% of the Taxable Wage Base, but not
more  than any amount more than 80% of the Taxable Wage Base, but less than 100%  of the
Taxable Wage Base, the maximum disparity rate will be 5.4%.

Only one Plan maintained by the Employer may be integrated with Social Security.  Any Plan utilizing a Safe Harbor formula as provided in Section Vl(l) of this Adoption Agreement may not apply the Safe Harbor Contributions to the integrated allocation formula.

		
	8. 
	Uniform  Points  Contribution  Formula:  The  allocation  for  each  eligible  Participant  will  be detenmined by a uniform points method. Each eligible Participant's allocation shall bear the same relationship  to  the  Employer  contribution  as  the  Participant's  total  points  bears  to  all  points awarded.  The Employer must grant points for at least age or Service.  Each eligible Participant will receive            points for each of the following:

a.          year(s) of age.

b.          Year(s) of Service detenmined:

i.     In the same manner as detenmined for eligibility.

ii.    In the same manner as detenmined for vesting.

     iii.    Points will not be awarded with respect to Year(s) of Service in excess of      .

d.     $     (not to exceed $200) of Compensation.

The contribution formulas must satisfy the design-based  safe harbors described in the Regulations under
Code Section 401(a)(4).

L.    Qualified Matching (QMAC) and Qualified Non-Elective (QNEC) Employer Contribution Formulas:

1.
  

 

QMAC  Contribution  Formula:     The  Employer  may  contribute  to  each  eligible  Participant's
Qualified Matching Contribution account an amount equal to (select one or more of the following):

a.     $__ or        %  of  the  Participant's  Elective  Deferrals  (including   Roth  Elective
Deferrals, if applicable).

b.     $__ or        %  of  the  Participant's   Elective  Deferrals  (including   Roth  Elective
Deferrals, if applicable) not to exceed      % of Compensation.

c.     $     or      % of the Participant's Voluntary After-tax Contributions.

d.     $     or      % of the Participant's Required After-tax Contributions.

2.            Discretionary  QMAC  Contribution Formula:   The  Employer shall  have  the  right  to  make   a discretionary QMAC  contribution.  The  Employers Matching  Contribution shall  be detenmined  by the Employer  with respect  to each  Plan Year's  eligible  Participants.   Such  contribution shall be in the amount  specified  and allocated  as follows:             .

This part of the Employers contribution shall be fully vested when made.

3.     QNEC Contribution Formula: The Employer may contribute to each eligible  Participant's Qualified
Non-Elective Contribution account an amount equal to (select  one or more of the following):

a.          %  of   Compensation  of  all   eligible   Participants.  This   part   of   the   Employer's contributions shall be fully vested when made.

b.        $     not to exceed      % of Compensation. This part of the Employer's contribution shall be fully vested when  made  and subject  to the limitations specified  in the Basic  Plan
Document #01.

		
	4. 
	Discretionary Percentage QNEC Contribution Formula:  The Employer shall  have  the  right  to make  a  discretionary QNEC  contribution which  shall  be  allocated   to  each  eligible  Participant's account in  proportion to  his  or  her  Compensation as  a percentage of  the  Compensation of  all eligible Participants. This part of the Employer's contribution shall be fully vested when made.  This contribution will be made to:

a.     All eligible  Participants.

b.     Only eligible  Participants who are Non-Highly Compensated Employees.

		
	 
	5.            Discretionary Uniform Dollar QNEC Contribution Formula: The Employer shall have the right to make   a  discretionary QNEC  contribution which  shall  be  allocated   to  each  eligible  Participant's account  in  a  unifonm  dollar   amount   to  be  determined  by  the   Employer  and   allocated  in  a

nondiscriminatory manner.    This  part  of  the  Employer's contribution shall  be  fully  vested  when made. This contribution will be made to:

a.    All eligible  Participants.

     b.    Only eligible  Participants who are Non-Highly Compensated Employees.

M.     Qualified  Matching  Contributions  and  Qualified  Non-Elective  Contributions  For  Test  Correction
Purposes:

Qualified  Matching  (QMAC)  and  Qualified  Non-Elective (QNEC)  Contributions made  exclusively for  test correction purposes may only be selected  if the Employer elects  to use the Current  Year testing  method  in Section X herein and are not subject to any allocation  requirement selected  under Section  VII herein.

		
	1. 
	Corrective QNEC Contribution Formula:   The  Employer  shall  have  the  right  to make  a QNEC contribution in the amount  necessary to pass the ADP/ACP Test or the maximum permitted under Code  Section  415.  This  contribution will  be  allocated  to  some  or  all  Non-Highly Compensated Participants designated by the Plan Administrator. The allocation will be  the lesser  of the amount required to pass the ADP/ACP Test, or the maximum permitted under Code  Section  415. This part of the Employers contribution shall be fully vested when made.

2.     Qualified Matching Contributions (QMAC):

	
			
	 
	a.
	

For purposes of the ADP and ACP Tests, all Matching  Contributions made  to the Plan will

	 
	 
	be deemed "Qualified"  for purposes of calculating the Actual  Deferral  Percentage and/or
Actual  Contribution Percentage.   All Matching  Contributions must  be  fully  vested  when made.

21

	
			
	 
	b.
	

For purposes of the ADP and ACP Tests, only Matching Contributions made to the Plan

	 
	that are needed to meet the Actual Deferral Percentage or Actual Contribution Percentage

	Test will be deemed "Qualified" for purposes of calculating the Actual Deferral Percentage

	and/or Actual Contribution Percentage. All such Matching Contributions used must be fully
vested when made.

     3.     Qualified Non-Elective Contributions (QNEC):

		
	 
	a.           For purposes of the ADP and  ACP Tests, all Non-Elective Contributions made to the Plan will be deemed  "Qualified" for purposes  of calculating  the Actual Deferral Percentage and/or  Actual Contribution  Percentage.    All  Non-Elective  Contributions  must  be  fully vested when made.

	
			
	 
	

b.
	

For purposes of the ADP and ACP Tests, only the Non-Elective Contributions made to the

	 
	Plan  that  are  needed  to  meet  the  Actual Deferral  Percentage  or  Actual Contribution
Percentage Test will be deemed "Qualified" for purposes of calculating the Actual Deferral

	Percentage and/or Actual Contribution Percentage. All such Non-Elective  Contributions
used must be fully vested when made.

N.    Additional Adopting Employers:

		
	1. 
	All participating Employers' contributions and forfeitures, if applicable, attributable to each specific contribution  source  made  by such  Employer shall  be  pooled  together  and  allocated  uniformly among all eligible Participants.

		
	 
	2.            Each participating Employer's contribution and forfeitures, if applicable, attributable to each specific contribution source made by such Employer shall be allocated only to eligible Participants of the participating Employer.

Where contributions and forfeitures are to be allocated to eligible Participants by participating Employers, each such Employer must maintain data demonstrating that the allocations by group satisfy the nondiscrimination rules under Code Section 401(a)(4).

VII.     ALLOCATIONS TO PARTICIPANTS

A.     Allocation Accrual Requirements:

No Hours of Service or last day requirement may be imposed on any Employer contribution that is subject to the Safe Harbor Plan rules.

		
	 
	1.           There are no allocation requirements for Participants to receive any contribution made to the Plan; however, a Participant must have received Compensation from the Employer to be entitled to an allocation of contributions.

2.     Employer contributions will be allocated to all Participants employed on the last day of the Plan
Year regardless of hours worked.

		
	 
	3.     The Plan is using the Elapsed Time method; contributions will be allocated to all Participants who have completed       [not more than twelve (12)] months of Service regardless  of the hours credited. If left blank, the Plan will use twelve (12) months.

		
	4. 
	Employer contributions for a Plan Year will be allocated to all Participants upon completion of the hours and/or employment requirements below.

a.    A Year of Service for allocation accrual purposes cannot be less than one (1) Hour of
Service nor greater than 1,000 hours by operation of law. If left blank, the Plan will use
1,000 hours. Enter whole digit numbers only.

Contribution Type
All contributions
Matching Contribution (Formula 1)
Matching Contribution (Formula 2) Non-Elective Contribution (Formula 1) 

Non-Elective Contribution (Formula 2) QMAC

QNEC    1

		
	b. 
	Participants must be employed on the last day of each quarter of the Plan Year in order to receive the following contribution(s):

        All contributions
        Matching Contribution (Formula 1)
        Matching Contribution (Formula 2)
        Non-Elective Contribution (Formula 1)           
        Non-Elective Contribution (Formula 2)         
        QMAC
       QNEC

Note: Use of this subsection (b) requires that no more than one (1) Hour of Service be required in subsection (a) above for the contribution types selected.

		
	c. 
	Participants must be employed on the last day of the Plan Year in order to receive the following contribution(s):

        All contributions
        Matching Contribution (Formula 1)
        Matching Contribution (Formula 2)
        Non-Elective Contribution (Formula 1)           
        Non-Elective Contribution (Formula 2)         
        QMAC
       QNEC

		
	 
	d.     Participants must complete the Hours of Service indicated above or be employed on the last day of the Plan Year to receive the Employer Contribution(s) selected above.

		
	5. 
	Employer Contributions for a Plan Year will be allocated to terminated Participants who have met the following allocation accrual requirements (check all applicable boxes):

NonM    Non-
 All     Match     Match     Elective     Elective     
Contributions Formula 1 Formula 2 Formula 1 Formula 2  QMAC  QNEC

		
	a.
	The Hours of Service or Period of Service requirement above will be waived if termination is due to:

	
									
	

i.
	

Retirement
	 
	 
	 
	181
	 
	 
	 

	ii.
	Disability
	 
	 
	 
	181
	 
	 
	 

	iii.
iv.
	Death
Other (must be nondiscriminatory
	 
	 
	 
	181
	 
	 
	 

	 
	in operation):
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

b.    The last day of employment requirement above will be waived if termination is due to:

i.     Retirement                                     D     D        D     181              D      D     D ii.     Disability                                        D     D        D     181              D      D     D iii.    Death                                             D     D        D     181              D      D     D iv.    Other (must be nondiscriminatory
in operation):

D    D     D     D    D    D    D

23

	
			
	 
	

B.
	

Contributions to Disabled Participants:

The Employer will make contributions on behalf of a Participant who is permanently and totally disabled.

	 
	These contributions will be based on the Compensation each such Participant would have received for the
Limitation  Year  if  the Participant  had been  paid  at the rate of Compensation paid  immediately  before

	becoming penmanently and totally disabled.  Such imputed Compensation for the disabled Participant may

	be taken into account only if the Participant is not a Highly Compensated Employee.  These contributions
will be 100% vested when made.

VIII.     DISPOSITION OF FORFEITURES

A.     Forfeiture Allocation Alternatives:

1.     Not applicable; all contributions are fully vested.

		
	2. 
	Select  one or more  methods in  which  forfeitures associated  with the  contribution type  will  be allocated (number each item in order of use):

Employer Contribution Type
All Non-Safe Harbor     Non-Elective
Disposition Method     Matching Contributions      Contributions

	
				
	a.
	Restoration of Participant's
forfeitures.
	 
	 

	b.
	Used to offset Plan expenses.
	 

	c.
	Used to reduce the Employer's
	 

	 
	Non-Elective Contribution.
	 

	d.
	Used to reduce the Employer's
	 

	 
	Matching Contribution.
	 

	e.
	Added to the Employer's contribution
	 

	 
	(other than Matching Contributions or
	 

	 
	Base Integration Fonmula) under the
	 

	 
	Plan.
	 

	f.
	Added to the Employer's Matching
	 

	 
	Contribution under the Plan (these
	 

	 
	contributions will be subject to ACP
	 

	 
	Testing).
	 

	g.
	Allocate to all Participants
eligible to share in the allocations
	 

	 
	in the same proportion that each
	 

	 
	Participant's Compensation for the
	 

	 
	year bears to the Compensation of all
	 

	 
	other Participants for such year.
	    N/A    

	h.
	Allocate to all NHCEs eligible to share
	 

	 
	in the allocations in proportion to each
	 

	 
	such Participant's Compensation for
	 

	 
	the year.
	    N/A    

	i.
	Allocate to all NHCEs eligible to share in
	 

	 
	the allocations in proportion to each such
	 

	 
	Participant's Elective Deferrals for the year.
	 
	    N/A    

	j.
	Allocate to all Participants eligible to share
	 
	 

	 
	in the allocations in the same proportion
	 
	 

	 
	that each Participant's Elective Deferrals
	 
	 

	 
	for the year bears to the Elective Deferrals
	 
	 

	 
	of all Participants for such year.
	 
	    N/A    

Participants eligible  to share  in  the  allocation  of  other  Employer contributions under  Section  VI shall  be eligible to share in the allocation of forfeitures.   The selection  of (i) or 0) may require that the Plan be tested
for nondiscrimination using a general test described in Regulations Section 1.41O(b).

B.    Timing of Allocation of Forfeitures:

If no  timely  distribution or deemed  distribution [pursuant  to paragraph 6.5(c)  of the  Basic  Plan  Document
#01]  has been  made  to a former  Participant, non-vested portions  shall  be forfeited  at the end  of the  Plan Year during  which the former Participant incurs  his or her fifth consecutive one (1) year Break  in Service  or Period  of Severance for Plans that use the Elapsed Time Method.

If a former  Participant  has received the full amount  of his or her Vested  Account  Balance,  the non-vested portion  of his or her account shall be forfeited and be disposed of:

	
			
	 
	1.
	during  the Plan Year following  the Plan Year in which the forfeiture  arose.

	2.
	as of any Valuation  or Allocation  Date during the Plan Year (or as soon as administratively feasible

	 
	following  the close of the Plan Year) in which the former Participant receives full payment of his or

	 
	her vested benefit.

	D
	

3.
	

as of the end of the Plan Year during  which  the former Participant receives full payment of his or her vested benefit.

	D
	4.
	

as of the earlier  of the first day of the Plan Year, or the first day of the seventh month  of the Plan
Year  following  the  date  on which  the  former  Participant has  received full payment of his  or  her

	 
	 
	vested benefit.

	D
	5.
	

as  of  the  next  Valuation or  Allocation Date  following  the  date  on  which  the  former  Participant

	 
	 
	receives full payment of his or her vested benefit.

IX.     MULTIPLE PLANS MAINTAINED BY THE EMPLOYER AND TOP-HEAVY CONTRIBUTIONS

A.
 

Plans Maintained By The Employer:

The  Employer does  maintain another  Plan  [including a  Welfare   Benefit  Fund  or  an  individual medical account as defined  in Code  Section  415(1)(2)], under  which  amounts  are treated  as Annual  Additions and has  completed the  proper  sections  below.    If  the  Participant is  covered under  another qualified Defined Contribution Plan maintained by the Employer,  other than a Master or Prototype Plan [option  (1) below  shall automatically apply if the other plan is a Master or Prototype  Plan]:

     1.     The provisions of Article  X of the Basic Plan Document #01 will apply  as if the other  plan were  a
Master  or Prototype  Plan.

2.           The  Employer   has  specified   below   the  method  under  which   the  plans   will  limit  total  Annual Additions  to the Maximum Permissible Amount,  and will properly  reduce  any Excess  Amounts  in a manner  that precludes Employer  discretion:

B.    Top-Heavy Provisions:

 
In the event  the Plan is or becomes Top-Heavy, the minimum  contribution or benefit  required under  Code Section  416  and  paragraph 14.3  of the  Basic  Plan  Document #01  relating  to Top-Heavy Plans  shall  be satisfied in the elected manner:

1.          The minimum contribution 

will be satisfied by this Plan.

2.             The minimum  contribution will be satisfied by (name of other Qualified Plan):

Minimum  contribution or  benefit   to  be  provided   (specify   interest   rates  and  mortality  table,  if applicable):      

		
	3. 
	For any  Plan  Year  during  which  the  Plan  is Top-Heavy, the  sum  of the  contributions (excluding Elective  Deferrals)   allocated  to non-Key  Employees  shall  not  be  less  than  the  amount  required under the Basic Plan Document #01.  Top-Heavy minimums will be allocated to:

     a.     all eligible  Participants [Plan defaults  to this election].

b.    only eligible non-Key Employees who are Participants.

     4.     Matching Contributions shall not be included when satisfying Top-Heavy minimum contributions.

X.    NONDISCRIMINATION TESTING

A Plan may use different testing methods for the ADP and ACP Tests provided the Plan does not penmit recharacterization of Excess Contributions, Elective Deferrals to be used in the ACP Test, or Qualified Matching Contributions to be used in the ADP Test.

If no election is made, the Plan will use the Current Year testing method for both the ADP and ACP Tests.

A.          Testing Elections:

		
	1. 
	The Plan is not subject to ADP or ACP testing.   The Plan does not offer Voluntary After-tax  or Required After-tax Contributions and it either meets the Safe Harbor provisions of Section Vl(l) of this Adoption Agreement, or it does not benefit any Highly Compensated Employees.

D        2.            This Plan is using the Current Year testing method for purposes of the ADP Test. D        3.            This Plan is using the Current Year testing method for purposes of the ACP Test. D        4.            This Plan is using the Prior Year testing method for purposes of the ADP Test.
D        5.            This Plan is using the Prior Year testing method for purposes of the ACP Test.

B.     Testing Elections for the First Plan Year:

 D

     C.

D.

 
Complete only  when  Prior  Year testing method election is made and the Employer is not  using the
"deemed 3%" rule.

		
	1. 
	If this is not a successor Plan, then for the first Plan Year this Plan permits any Participant to make Elective  Deferrals,  the  ADP   used  in  the  ADP  Test  for  Participants  who   are   Non-Highly Compensated Employees shall be such first Plan Year's ADP.

		
	2. 
	If this is not a successor Plan, then for the first Plan Year this Plan penmits (a) any Participant to make Employee contributions, (b) provides for Matching Contributions or (c) both, the ACP used in the ACP Test for Participants who are Non-Highly Compensated Employees shall be such first Plan Year'sACP.

Recharacterization:

Elective Deferrals may be recharacterized as Voluntary After-tax Contributions to the extent so provided by this  Plan,  to  

satisfy  the  ADP  Test.    The  Employer  must  have  elected  to  penmit Voluntary  After-tax Contributions in the Plan for this election to be operable.

Forfeitures of Vested Excess  Aggregate Contributions Resulting from  ADP Test Failure:

Forfeitures of Excess Aggregate Contributions resulting from failure of the ADP Test and the inability to distribute corresponding Matching Contributions will be allocated to the Matching Contribution accounts  of Non-Highly Compensated Employees instead of being used to reduce Employer Contributions for the Plan Year in which the failure occurred.

XI.     VESTING

Participants shall always have a fully vested and nonforfeitable interest in their Employee contributions (including Elective Deferrals, Catch-Up Contributions, Roth Elective Deferrals, Deemed IRA Contributions, Required After-tax Contributions, and Voluntary Alter-tax Contributions), Qualified Matching Contributions ("QMACs"), Qualified Non­ Elective Contributions ("QNECs") or Safe Harbor Contributions, and their investment earnings.

Each Participant shall acquire a vested and nonforfeitable percentage in his or her account balance attributable to
Employer contributions and their earnings under the schedule(s) selected below.

A.    Vesting Computation Period:

  
 
A Year of SeiVice for vesting will be determined on the basis of the (choose one):

1.     Not applicable. All contributions are fully vested.

2.     Elapsed Time method.

		
	3. 
	Hours of SeiVice method. A Year of SeiVice will be credited upon completion of 1.000 Hours of SeiVice. A Year of SeiVice for vesting purposes will not be less than one (1) Hour of SeiVice nor greater than 1,000 hours by operation of law. [If left blank, the Plan will use 1,000 hours.]

The computation period for purposes of determining Years of SeiVice and Breaks in SeiVice for purposes of computing a Participant's nonforfeitable right to his or her account balance derived from Employer contributions:

		
	 
	a.           shall commence on the date on which an Employee  first performs an Hour of Service for the Employer and each subsequent twelve (12) consecutive month period shall commence on the anniversary thereof.

		
	b.
	shall commence on the first day of the Plan Year during which an Employee first perfonms an Hour of SeiVice for the Employer and each subsequent twelve (12) consecutive month period shall commence on the anniversary thereof.

A Participant shall receive credit for a Year of SeiVice if he or she completes the number of hours specified above at any time during the twelve (12) consecutive month computation period. A Year of SeiVice may be earned prior to the end of the twelve (12) consecutive month computation period and the Participant need not be employed at the end of the twelve (12) consecutive month computation period to receive credit for a Year of Service.

B.    Vesting Schedules:

The Employer must select either the two-twenty  vesting  schedule  option  [(8)(4)] or the three-year cliff  vesting  schedule  [(8)(3)]  to  apply  in  any Plan Year in  which  the  Plan is  Top-Heavy.     The percentages selected for option (8)(5) may not be less for any year than the percentages shown at option (8)(4).    Any switch  to a Top-Heavy schedule will remain in effect even if the Plan later falls out of Top-Heavy status unless the Employer executes an amendment to this Adoption Agreement. If a Participant  has at least  three  (3) Years of SeiVice for  vesting  purposes  at the  time  of  the amendment, the Plan must provide that Participant the option of remaining on the vesting schedule in effect prior to such amendment.

Select the appropriate schedule for each contribution type and complete the blank vesting percentages from the list below and insert the option number in the vesting schedule chart below. Employer Contributions that are not Safe Harbor Contributions may only choose option (3) or (4) or a schedule where amounts vest faster than at option (4).

     Years of Service     
1    

1.    Full and immediate Vesting

2.          %     100%

3.     0%    O%    100%

4.     %     20%    40%     60%    80%    100%

5.          %     -- %    -- %    -- %
 

     %    100%

Vesting Schedule Chart     Employer Contribution Type

All Employer Contributions Matching Contribution (Fonmula 1) Matching Contribution (Fonmula 2)
Match on Voluntary After-tax Contribution

27

Match on Required After-tax Contribution
Match on 403(b) Deferrals
Non-Elective Contribution (Formula 1)
Non-Elective Contribution (Formula 2) Top-Heavy Minimum Contribution

If a different Vesting Schedule than that entered above applies to Employer Contributions made prior to the first day of the Plan's 2007 Plan Year, it should be entered in Schedule B of this Adoption Agreement.

C.     Service  Disregarded for Vesting:

	
			
	 
	1.    Not applicable.  All Service is recognized.

2.    Service  prior  to  the  Effective  Date  of  this  Plan  or  a  predecessor  plan  is  disregarded  when

	computing a Participant's vested and nonforfeitable interest.

	 
	D
	

3.    Service prior to a Participant having attained age eighteen (18) is disregarded when computing a
Participant's vested and nonforfeitable interest.

	D
	

D.
	Full Vesting of Employer Contributions for Current Participants:

	 
	Notwithstanding  the elections above, all Employer contributions made to a Participant's account shall be

	100% fully vested if the Participant is employed on the Effective Date of the Plan (or such other date as

	entered herein):       .  The operation of this provision may not result in the discrimination  in favor of

	Highly Compensated Employees.

XII.     SERVICE WITH PREDECESSOR ORGANIZATION

This option only applies in the situation where the Employer does not or did not maintain the plan of a Predecessor
Organization.

     A.
 

Not applicable.  The Employer does not maintain the plan of a Predecessor Organization.

 

B.    The Plan will recognize Service with all Predecessor Organizations.
		
	C. 
	Service with the following organization(s) will be recogni

zed for the Plan purpose indicated: Allocation
Eligibilitv  Accrual   Vesting

Attach additional pages as necessary.

      D.    The Plan shall recognize      Years of Service with the Employer(s) named in Section XII(C) above. XIII.     IN-SERVICE WITHDRAWALS
Distribution restrictions apply in the case of Elective Deferrals (including Roth Elective Deferrals, if applicable), Safe
Harbor  Contributions,  Qualified  Matching  Contributions  and  Qualified  Non-Elective  Contributions,  including  the
withdrawal restrictions prior to attainment of age 59%.

If the Participant could withdraw his or her account in the past, this right may not be taken away.

A.    In-Service Withdrawals:

 

1.     ln-se!Vice withdrawals are not permitted in the Plan.

		
	2. 
	In-service  withdrawals  are  permitted  in  the  Plan.    Participants  may  withdraw  the  following contribution types after meeting the following requirements (select one or more of the following options):

Withdrawal Restrictions
Contribution Types     A    B     c     D    E    F    G    H

	
										
	

a.
	

All Contributions
	

n/a
	

n/a
	

n/a
	 
	 
	

n/a
	

n/a
	

n/a

	b.
	Elective Deferrals
	 
	n/a
	n/a
	 
	[gJ
	n/a
	n/a
	n/a

	c.
	Roth Elective Deferrals
	 
	n/a
	n/a
	 
	[gJ
	n/a
	n/a
	n/a

	d.
	Voluntary After-tax Contributions
	 
	 
	 
	 
	 
	n/a
	n/a
	n/a

	e.
	Required After-tax Contributions
	 
	 
	 
	 
	 
	n/a
	n/a
	n/a

	f.
	Rollover Contributions
	 
	[gJ
	 
	 
	 
	n/a
	n/a
	n/a

	g.
	Vested Matching (Formula 1)
	 
	n/a
	 
	 
	 
	 
	 
	 

	h.
	Vested Matching (Formula 2)
	 
	n/a
	 
	 
	 
	 
	 
	 

	i.
	Vested Non-Elective (Formula 1)
	 
	n/a
	 
	 
	[gJ
	 
	 
	 

	j.
	Vested Non-Elective (Formula 2)
	 
	n/a
	 
	 
	 
	 
	 
	 

	k.
	Safe Harbor Matching
	 
	n/a
	n/a
	 
	[gJ
	n/a
	n/a
	n/a

	I.
	Safe Harbor Non-Elective
	 
	n/a
	n/a
	 
	 
	n/a
	n/a
	n/a

	m.
	Qualified Non-Elective
	 
	n/a
	n/a
	 
	[gJ
	n/a
	n/a
	n/a

	n.
	Qualified Matching
	 
	n/a
	n/a
	 
	 
	n/a
	n/a
	n/a

Withdrawal Restriction Ke

	
				
	 
	A.

B.
	Not available for in-service withdrawals.

Available for in-service withdrawals without restrictions.

	c.
	

Participants having completed five (5) years of Plan participation may elect to withdraw all or any part of their Vested Account Balance.

	D.
	Participants may withdraw all or any part of their Account Balance after having attained

	 
	the Plan's Normal Retirement Age (Normal Retirement Age cannot be less than age 59%

	 
	for in-service withdrawal of Elective Deferrals, Roth Elective Deferrals, Safe  Harbor

	 
	Contributions, QMACs or QNECs).

	E.
	Participants may withdraw all or any part of their Vested Account Balance after having

	 
	attained age 59% (not less than age 59%).

	F.
	Participants may elect to withdraw all or any part of their Vested Account Balance which

	 
	has been credited to their account for a period in excess of two (2) years.

	G.
	Available for withdrawal only if the Participant is 100% vested (an election at (C), (D), (E)

	 
	or (F) must also be made).

	H.
	All requirements selected in (C) through (G) above must be satisfied prior to a distribution

	 
	 
	 
	being made from the Plan.

	0
	

3.
	

In-ser
	

vice withdrawals may be made to Participants who have attained age 70%.

B.     Hardship Withdrawals:

Prior to age 59%, a Participant may withdraw balances attributable to Elective Deferrals (including Roth Elective Deferrals, if applicable) for reason of Hardship only.  Safe Harbor Contributions, Qualified Matching Contributions, and Qualified Non-Elective Contributions are not available for Hardship distributions.

 
1.     Hardship  withdrawals are not permitted in the Plan.

		
	2. 
	Hardship withdrawals are penmitted in the Plan and will be taken from the Participant's account as follows (select one or more of these options):

 

a.     Participants may withdraw  Elective  Deferrals.

b.     Participants may  withdraw  Elective  Deferrals  and any earnings credited  as of December
31, 1988 (or if later, the end of the last Plan Year ending before July 1, 1989).

c.     Participants may withdraw  Roth Elective  Deferrals.

d.     Participants may withdraw  Rollover  Contributions plus their earnings.

e.     Participants  may   withdraw   vested   Non-Elective  Contributions  (Formula  1)  plus   their
earnings.

f.    Participants  may   withdraw   vested   Non-Elective  Contributions  (Formula  2)  plus  their
earnings.

g.     Participants may  withdraw  fully vested  Non-Elective Contributions (Fonmula  1) plus  their
earnings.

h.    Participants may  withdraw  fully vested  Non-Elective Contributions (Fonmula 2) plus  their
earnings.

i.     Participants may withdraw  vested  Employer  Matching  Contributions (Fonmula 1) plus  their
earnings.

j.     Participants may withdraw  vested  Employer  Matching  Contributions (Formula 2) plus  their
earnings.

k.     Participants may  withdraw  Qualified  Matching  Contributions and  Qualified   Non-Elective
Contributions plus their earnings, and the earnings on Elective Deferrals which have been
credited  to the Participant's account  as of December 31, 1988  (or if later, the end  of the last Plan Year ending before July 1, 1989).

XIV.     LOAN PROVISIONS

0   A. lSI          B. lSI          C.
 

Participant loans are not available from the Plan.

Participant loans are penmitted in accordance with the Employer's established loan procedures.

Loan  payments will be suspended under  the Plan  as permitted under  Code  Section  414(u)  in compliance with the Uniformed  Services  Employment and Reemployment Rights Act of 1994.

XV.     INVESTMENT MANAGEMENT

A     Investment Management Responsibility:

1.     The Employer shall appoint  a discretionary Trustee to manage  the assets of the Plan.

2.    The   Employer  shall   retain   investment  management  responsibility  and/or   authority.     Unless otherwise  appointed,  the Trustee shall act in a nondiscretionary capacity.

30

		
	3. 
	The party designated below shall be responsible for the investment of the Participant's account. By selecting a box, the Employer is making a designation as to who will have authority to issue investment directives with respect to the specified contribution type (check all applicable boxes):

	
					
	 
	Trustee
	Emgloyer
	ParticiQant

	a.
	All Contributions
	n/a
	n/a
	[8J

	

b.

c.
	

Elective Deferrals/Roth Elective Deferrals

Voluntary After-tax Contributions
	 
	 
	 

	d.
	Required After-tax Contributions
	 
	 
	 

	e.

f.
	Safe Harbor Contributions

Matching Contributions (Formula 1)
	 
	 
	 

	g.
	Matching Contributions (Formula 2)
	 
	 
	 

	h. i.
j.
	QMACs

QNECs

Non-Elective Contributions (Formula 1)
	 
	 
	 

	k.
	Non-Elective Contributions (Formula 2)
	 
	 
	 

	I.
	Rollover Contributions
	 
	 
	 

	m.
	Deemed IRA Contributions
	 
	 
	 

To  the  extent  that  Participant self-direction was  previously permitted, the  Employer shall have  the  right to  either  make  the  assets  part  of the  general  fund,  or  leave  them  as self- directed subject to the provisions of the Basic Plan Document #01.

B.    Limitations on Participant Directed  Investments:

		
	1.
	Participants are permitted to invest among only those investment alternatives made available by the Employer under the Plan.

	
			
	 
	D
	

2.    Participants are permitted to invest in any investment alternative permitted under the Basic Plan

	

D
	

c.
	Document #01.

Insurance:

	 
	 
	The Plan permits life insurance as an investment alternative.

XVI.     DISTRIBUTION OPTIONS

A.     Timing of Distributions [both (1) and (2) must be completed]:

		
	1. 
	Distributions payable as a result of termination for reasons other than death, Disability or retirement shall be paid .Q {select from the list at (A)(3) below].

2.     Distributions payable as a result of termination for death, Disability or retirement shall be paid .!<
{select from the list at (A)(3) below].

3.     Distribution Options:

		
	a.
	As soon as administratively feasible on or after the Valuation Date following the date on which a distribution is requested or is otherwise payable.

		
	b. 
	As soon as administratively feasible following the close of the Plan Year during which a distribution is requested or is otherwise payable.

		
	c.
	As soon as administratively feasible following the date on which a distribution is requested or is otherwise payable. (This option is recommended for daily valuation plans.)

		
	d.
	As soon as administratively feasible after the close of the Plan Year during which the Participant incurs           [cannot be more than five (5)] consecutive one (1) year Breaks in Service.

e.    Only after the Participant has attained the Plan's Normal Retirement Age  or  Early
Retirement Age, if applicable.

B.    Required Beginning Date:

The Required Beginning Date of a Participant with respect to the Plan is (select one from below):

     1.     The April 1 of the calendar year following the calendar year in which the Participant attains age
70Y,.

2.
 

The April 1 of the calendar year following the calendar year in which the Participant attains age
70Y, except that distributions to a Participant (other than a 5% owner) with respect to benefits accrued after the later of the adoption of this Plan or Effective Date of the amendment of this PIan must commence no later than the April 1 of the calendar year following the later of the calendar year in which the Participant attains age 70Y, or the calendar year in which the Participant retires.

		
	3.
	The later of the April 1 of the calendar year following the calendar year in which the Participant attains age 70Y, or retires except that distributions to a 5% owner must commence by the April 1 of the calendar year following the calendar year in which the Participant attains age 70Y,.

Option (3) may only be elected if (i) it corresponds to an amendment previously made to the Plan pursuant to Regulations Section 1.411(d)-4, Q&A-10(b), or (ii) it does not eliminate an age 70Y, distribution option as described in the preceding Regulations because either (A) the Plan is a new Plan or (B) Section XIII(A)(3) is checked or the Plan already offers a pre-retirement distribution at least as generous as Section XIII(A)(3).

C.    Minimum Distribution Requirements:

		
	1. 
	Election  to Apply  Five (5) Year Rule to Distributions to Designated  Beneficiaries:    If the Participant dies before distributions begin and there is a Designated Beneficiary, distribution to the Designated Beneficiary is not required to begin by the date specified in the Basic Plan Document

#01  but the Participant's entire interest will be  distributed to the Designated Beneficiary by
December 31 of the calendar year containing the fifth anniversary of the Participant's death.

		
	2.
	Election  to Allow Participants  or Beneficiaries  to Elect Five (5) Year Rule:   Participants or Beneficiaries may elect on an individual basis whether the five (5) year rule or the life expectancy rule described in the Basic Plan Document #01 applies to distributions after the death of a Participant who has a Designated Beneficiary. The election must be made no later than the earlier of September 30 of the calendar year in which distribution would be required to begin under the Plan, or by  September 30  of the calendar year which contains the fifth anniversary of  the Participant's (or, if applicable, surviving Spouse's) death.  If neither the Participant nor Beneficiary makes an election under this paragraph, distributions will be made in accordance with Article VII of the Basic Plan Document #01 and, if applicable, the elections in Section XVI(C)(1) above.

D.    Forms of Payment (select all that apply):

The normal form of payment is determined at Section III(J) of this Adoption Agreement. If option (1) or no  selection  is  made in Section  III(J), then  options  (4), (5) and (6) in this  section  cannot  be selected.

	
			
	 
	

1.
	

Lump sum.

	 
	2.
	Installment payments.

	 
	3.
	Partial payments; the minimum amount will be $Q.

	 
	4.
	Life annuity.

	 
	5.
	Term certain annuity with payments guaranteed for     years [not to exceed twenty (20)].

6.     Joint and D 50%, D 66-2/3%, D 75% or D 100% survivor annuity. E.     Type of Payment (select all that apply):

	
			
	 
	1.
	Cash.

	 
	

2.
	

Employer securities.

	 
	3.
	Other marketable securities.

	 
	4.
	Other:     (fill in the blank with the type of other in-kind distributions allowed under the Plan).

F.     Application of Involuntary Cash-out Provisions:

1.         The Plan shall not make involuntary cash-outs to any terminated vested Participant.   Distributions will only be made with the consent of the Participant.

2.     The Plan shall make involuntary cash-outs to a terminated vested Participant as follows:

		
	 
	a.          The Plan shall make involuntary cash-out distributions of Vested Account Balances of less than $200.  Distribution of amounts $200 or greater shall only be made with the consent of the Participant.

     b.     The Plan shall make involuntary cash-out distributions  of Vested Account Balances of
$1,000 or less.  Distribution of amounts greater than $1,000 shall only be made with the
consent of the Participant.

3.     When detenmining the value of the Participant's nonforfeitable account balance for purposes of the
Plan's involuntary cash-out rules, the Plan elects to:

 

a.           exclude Rollover Contributions.

b.             include Rollover Contribution

s.

If no selection is made, the Plan will exclude Rollover Contributions when determining the value of the Participant's nonforfeitable account balance for involuntary cash out purposes. Rollover Contributions, if any, will always be included when determining whether the $1,000 threshold has been exceeded.

G.    Automatic Rollovers:

Do not complete if a selection has been made at Section XVI(F)(1) or (2) above.

		
	1. 
	The Plan shall make automatic relievers of Vested Account Balances that are greater than $1,000 but are not more than $5,000 in accordance with the provisions  of Article VI of the Basic Plan Document #01.

2.     The Plan shall make automatic relievers of Vested Account Balances that are not more than $5,000 in accordance with the provisions of Article VI of the Basic Plan Document #01.

H.     Distribution Upon Severance from Employment:

 

1.     Not applicable.

		
	2. 
	Distribution upon severance from employment as described in the Basic Plan Document #01 shall apply for distributions after December 21, 2012 (no earlier than December 31, 2001) regardless of when the severance from employment occurred.

3.     Distribution upon severance from employment as described in the Basic Plan Document #01 shall

apply  for  distributions  after       
 
(no  earlier  than  December  31,  2001)  for  severance  from

employment  occurring after       (enter the Effective Date if different than the Effective Date above).

XVII.    SPONSOR INFORMATION AND ACCEPTANCE

This Plan may not be used and shall not be deemed to be a Prototype Plan unless an authorized representative of the Sponsor has acknowledged the use of the Plan. Such acknowledgment that the Employer is using the Plan does not represent that the Adoption Agreement (as completed) and Basic Plan Document #01 have been reviewed by a representative of the Sponsor or constitute a qualified retirement plan.

Acknowledged and accepted by the Sponsor this 2"' day of September, 2008.

Name:                               Laura Gaynor

Title:                                 Vice President

Signature:

Questions concerning the language contained in and qualification of the Prototype should be addressed to:
Diversified Retirement Comoration. Manager of Plan Document Consulting Group

(Position): Manager         (Phone Number): 914-627-3000

In the event that the Sponsor amends, discontinues or abandons this Prototype Plan, notification will be provided to the Employes address provided on the first page of this Adoption Agreement.

XVIII.    SIGNATURES

Completion of this Adoption Agreement requires consideration of complex tax and legal issues.   The Employer should  consult  with  or should  obtain the advice  of its  legal counsel and/or tax advisor  before executing  this  Adoption  Agreement.   By executing  this  Adoption  Agreement, the Employer acknowledges that it is a legal document  with significant tax and legal ramifications.   The Employer understands that its failure to properly complete or amend this Adoption Agreement may result in failure of the Plan to qualify or in  disqualification of  the Plan.   Neither the Sponsor nor any of its agents or affiliates assumes any responsibility for the completion  and operation of the Plan established under this Adoption  Agreement and Basic Plan Document #01.

A.          Employer:  BBCN Bank

This Adoption Agreement and the corresponding provisions of Basic Plan Document #01 are adopted by the
Employer this    4th day of December 2012

Executed on behalf of the Employer by:    

Title:

Signature:
 

Employer's  Reliance:  The adopting Employer may rely on an Opinion Letter issued by the Internal Revenue Service as evidence that the Plan is qualified under Code Section 401  except to the extent provided in Revenue Procedure 2005-16. The Employer may not rely on the Opinion Letter in certain other circumstances or with respect to certain qualification requirements, which are specified in the 

Opinion Letter issued with respect to the Plan and in Revenue Procedure 2005-16.  In order to have reliance in such circumstances or with respect to such qualification requirements, application for a determination letter must be made to Employee Plans Determinations of the Internal Revenue Service.  This Adoption Agreement may only be used in conjunction with Basic Plan Document #01.

B.    Trust Agreement/Custodial Agreement:

     Plan assets will be invested in group annuity contracts and the terms of the contract(s) will apply.

Plan assets are held in a tax qualified Trust.  The Trust provisions used will be as contained in the Basic
Plan Document #01.

Plan assets are held in a tax qualified Trust.   The Trust provisions used will be as contained in the accompanying  pre-approved  executed Trust Agreement between the Employer and the Trustee attached hereto.

		
	 
	Plan assets are being held in a Custodial Account arrangement.  The Custodial Account provisions used will be as contained in the Basic Plan Document #01.

Plan assets are being held in a Custodial Account arrangement.  The Custodial Account provisions used will be as contained in the accompanying pre-approved  executed Custodial Account Agreement between the Employer and the Custodian attached hereto.

C.    Trustee:

The Trustee appointed shall act in the capacity of a non-discretionary directed Trustee.

     The Trustee appointed shall act in the capacity of a discretionary Trustee.

Name and address of Trustee:

The Employer's Plan as contained herein is accepted by the Trustee this            day of            ,            .

	
			
	 
	Accepted on behalf of the Trustee by:

Title:
	    

	

Signature:
	 

	

Accepted on behalf of the Trustee by: Title:
	

    

	

Signature:
	 

	

D.
	

Custodian:

Name and address of Custodian:
	 

The Employer's Plan as contained herein is accepted by the Custodian this      day of      ,      . Accepted on behalf of the Custodian by:                      Title:
Signature:

PARTICIPATION AGREEMENT

Each  Participating  Employer must execute  a separate Participation  Agreement   If not applicable,  do  not
complete this Participation Agreement

By executing this Participation Agreement, the undersigned Employer elects to become a Participating Employer in the Plan and accompanying Adoption Agreement as if the Participating Employer were a signatory to the Adoption Agreement.   The Participating Employer accepts, and agrees to be bound by, all of the elections granted under the provisions of the Prototype Plan as made by the signatory sponsoring Employer in Section XVIII(A) of the Adoption Agreement.  Further, the Participating Employer hereby appoints the signatory sponsoring Employer as its attorney in fact for the purpose  of adopting on its behalf  of all  future amendments  whether required  or voluntary  and  any applicable corresponding  documents (e.g., Loan Policy, QDRO procedures, Trust Agreement).    This includes  the adoption of all future Model Amendments to this Prototype Plan which are required by the U.S. Department  of the Treasury or the Internal Revenue Service as a result of a modification or amendment of applicable Federal laws or regulations that become effective subsequent to the execution of this Participation Agreement.

A.    PARTICIPATING EMPLOYER:

Name: Address:
Phone Number:     Tax ID Number:

B.    EFFECTIVE DATE:

The Effective Date of the Plan for the Participating Employer is:

This is an adoption of a new plan by the Participating Employer.

This is an adoption of an amendment and/or restatement of a plan currently maintained by the Participating
Employer identified as follows:

Name of Plan:

Original Effective Date:

C.    SIGNATURES:

Executed on behalf of the Participating Employer by: ------------------- Title:
Signature:

Executed on behalf of the Signatory Sponsoring
Employer by:

Title: Signature:

Executed on behalf of the Trustee by:          Title:
Signature:

SCHEDULE A PROTECTED BENEFITS
This Schedule describes Code Section 411(d)(6) protected benefits included in the adopting Employer's prior plan document that are not available in this Prototype Defined Contribution Plan, Basic Plan Document #01.   Complete as applicable.

1. Plan Provision:         Frozen Match Source

The Plan's prior matching source is available for in-service distributions at age 59 1/2 and hardship distributions. The assets are 100% vested.

Effective Date:               December 21, 2012

SCHEDULE 8

PRIOR PLAN PROVISIONS

This Schedule should be used by the adopting Employer if a prior plan contains provisions not found in this Prototype Defined Contribution Plan, Basic Plan Document #01, or where the Employer wishes to document transactions  or historical provisions of the Employer's Plan.

1. Plan Provision:            WRERA 2009 Minimum Distributions

The BBCN Bank Employees' 401(k) and Profit Sharing Plan ("Plan") has been amended for the Worker, Retiree and Employer Recovery Act of 2008 (WRERA).  The 2009 Required Minimum Distributions were administered as follows:

The 2009 Required Minimum Distributions were paid out unless the Participant elected otherwise.

Direct rollovers were not penmitted for the 2009 Required Minimum Distribution payments.

Effective Date:                    December 21, 2012

2. Plan Provision:            Catch-up Contributions

Catch-up contributions will be matched based on the Safe Harbor Matching
Contribution formula.

Effective Date:                    December 21, 2012

3. Plan Provision:            The Plan is hereby amended and restated effective as of December 21, 2012.
Effective January 1, 2013, certain provisions are being changed and the updated
provisions are reflected in the appropriate sections of the restated Adoption
Agreement.  However, for the period December 21, 2012 through December 31,
2012, the Plan will continue to be administered in accordance with the Plan provisions in effect prior to December 21, 2012. The following provision is changing effective January 1, 2013:

The Plan provides for the Rule of Parity.

Effective Date:                    December21, 2012

2

SCHEDULE C

SAFE HARBOR ELECTIONS FOR FLEXIBLE NON-ELECTIVE CONTRIBUTION

The following elections are made with regard to the Plan's Safe Harbor status pursuant to Section VII herein.   For
Plan Years indicated below, the Plan hereby invokes a Safe Harbor status in accordance with IRS Notices 98-52 and

2000-3.

For all Plan Years in which this Safe Harbor election is being made, the limitations and restrictions found in Section

VII herein apply.

1.    For the Plan Year beginning             and ending            , the Employer hereby invokes a Safe Harbor status as provided in IRS Notice 2000-3.  The Safe Harbor Contribution will be an amount equal to            % (not Jess than 3%) of Compensation.  This election is made on this            day of            ,            (date may not be later than 30 days prior to the end of the Plan Year in which such election is being made).

2.    For the Plan Year beginning             and ending            , the Employer hereby invokes a Safe Harbor status as provided in IRS Notice 2000-3.  The Safe Harbor Contribution will be an amount equal to            % (not Jess than 3%) of Compensation.  This election is made on this            day of            ,            (date may not be later than 30 days prior to the end of the Plan Year in which such election is being made).

3.    For the Plan Year beginning             and ending            , the Employer hereby invokes a Safe Harbor status as provided in IRS Notice 2000-3.  The Safe Harbor Contribution will be an amount equal to            % (not less than 3%) of Compensation.  This election is made on this            day of            ,              (date may not be later than 30 days prior to the end of the Plan Year in which such election is being made).

4.    For the Plan Year beginning             and ending            , the Employer hereby invokes a Safe Harbor status as provided in IRS Notice 2000-3.  The Safe Harbor Contribution will be an amount equal to            % (not Jess than 3%) of Compensation.  This election is made on this            day of            ,            (date may not be later than 30 days prior to the end of the Plan Year in which such election is being made).

5.    For the Plan Year beginning             and ending            , the Employer hereby invokes a Safe Harbor status as provided in IRS Notice 2000-3.  The Safe Harbor Contribution will be an amount equal to            % (not Jess than 3%) of Compensation.  This election is made on this            day of            ,            (date may not be later than 30 days prior to the end of the Plan Year in which such election is being made).

SCHEDULED

COLLECTIVE AND COMMINGLED FUNDS

The Trustee is authorized to invest all or any part of the Fund in the following Collective and Commingled Funds as provided for in the Basic Plan Document #01:

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

SCHEDULE E MISCELLANEOUS ADMINISTRATIVE ELECTIONS

The following elections are made with regard to the administration of the Plan:

             1.           ERISA Section 404(c):  The Employer intends to be covered by the fiduciary liability provisions with  respect  to  Participant-directed  investments  under  ERISA  Section  404(c).    Under  the  terms  of  this  Plan, Participants (or their Beneficiaries) have a reasonable opportunity to give instructions to the Plan Administrator in accordance with the policy set by the Plan Administrator (whether written, oral, or in electronic fonm) regarding the choice of investment of their account balance. The Plan Administrator is obligated to comply with the Participant's or Beneficiary's investment instructions unless complying with such instructions would result in a prohibited transaction under the Code, ERISA or the Department of Labor, violate the Plan document, or jeopardize the Plan's tax-qualified status.

       2.           Hardship Withdrawals On Behalf of Primary Beneficiaries: Hardship withdrawals shall NOT be allowed to be taken on behalf of the primary beneficiary as permitted by Section 826 of the Pension Protection Act of
2006.  (If this option is chosen such withdrawal shall NOT be allowed as penmitted under the terms of the Basic Plan
Document #1).

5

"

TAX  EXEMPT AND OOV£RN/.\!';NT ENTITIES DIVISION
 

DEPARTMENT OF THE TREASURY INTERNAL REVENUE SERVICE WASHINGTON, D.C. 20224

Plan oe"cripUon= Proto ype tl'on-stdmlardhed Profit  Sh;>ring Phn   <ith COD/\
Ff'J: 3llJe2el901  010  C<>.'"'    200610329     £!11:  ll-Jb890H
BPD:  01     Pl n: 010        Letter Serial No= Ml87 69a
Date of  SubmHBion:  Ol/ll/2006

DIV£RStFIE:D  lliVESTME!!TS 1\.DV:i:SORS WC
4   HA11l!ATT.WVrtJ..E  ROAD PURCHASE,  NY    10577

Dcolr 1\pplicanc=
 
Conto1<=t l'ernon:
Janell Hayes/Letitia Young
Telephone !IU:t'.ber:
513-263-l602/5ll-26l-l584
!n  Rererence   To: T£0!l::I:P:752l Date<  03/ll/2006

rn   our opinion,   the    form of  the   plan    identHi"d  above h acceptable  under   eec:tion 401 of   th   Internal Revenue Cod" for  uBe  by     e<t'.ployerB    for   the benefit of   their  employees.  Thto opinion relate" only to  the accepti>biUty of the !onn o the plJn under the Internal  Revenue Code.     It ill not an   opinion of   the effect  of   other Pederal or local ntatut<m.

You  muut   furnlnh  a copy of   thio letter,  a  copy of  the  approved plan,  and   copie9  of     any    nubnequent    aou:ndmenta to each er..ployer who  adopts this  plan.

Thin letter  conuideru  the  changen in   qualUication   requirements    contained  in  the   2004  CUmulative Liue of  1/oUcco
2004-84,  2004·2 c.s. 1olo.

Our   opinion on   the acceptability of   the  form of  the plan ia not   a     ruling   or    determination   ""   to   whether  an employer'n   plan   qualifie.!l    under Code   nection 40l(a).  However,  an   employer that  adoptn thin  plan may  rely  on this letter with renpect to the qualification  of    its plan   under Code     oection 401(a),   au   provided   for   in   Rev. Proc.
2005·16,  2005·1 c. B.  674   and outlined  below.    Pleaae revie"'     Announcement 2009·23    l.R.B.    :<008-H to   determine
the  Hema  neceoaary for  filing An applicAtion !or  a  determination letter  H one h r quird  tor reliance,    or is ctherwiue  deuired.    The     t r.-_, of    the plan muot   be  !ollowd in operation.      Clenero>lly, the  employer ""'Y     requ ot a d t rminilticn  letter  by   filing  an application "'ith    l:tnployee    Plans      DetcrtrJinationo  on     !"OrtrJ 5107,    1\pplication
!or  Determination for Jldcpterl! of t'IO.Ater  or Prototype or Volun:e   Submitter  Phn•.

c:xcept its  provided  below,   our   opinion   doe<l  not apply with reopect to the r quire nento   of,     (il)    COde    o ctions Ol(a)( ).  401(1),  UO(b)   <>nd     iH(n).     Our     oploioo  doeo not .tpply tor  purpo eo o!Code  11ection  40l(al(lO)(;i) dnd 11ection  oJOl(a)  (16)      if   "n   eroployer ever maintained anotl1er  <tllilli ied   plan   for    one   or   ;:>Ore err.ployeell   who are covered by   thh plan.    For thio  purpoae,  the eroployer will  not be   c:on>Jidered  to have maintained  "nether     plan merely becauae the    employer haa maintnined   ""other   defined   contribution   pl.,n(s),    provided  auc:h  other plan( 11)
h. B    been  te=inated   prior co   the eHecetve date o!this  plan     and   no  annual  "ddition<1 h11ve been credited  to   the accou.-,e or any participant  under Auch  other  plan{n)   a9   ot  ""Y dilte within the limitation    yeAr  o!thH• pt..n.     see
"ection  19.02{1)  of  Rev. !'roc.  2005-16, 2005-1 c.a. 67'1  regarding nonlltl>nd11rdized detined    contribut:ion    pl,•nu   ,1r.d the repeal o!Code   uection H5(e).     OUr  opinion "lBo doeo net apply !or  purposeD  of     Code     nection    40l(a) (16)   l!, "!ter nece,..ber  31,   l9S5, the employer ,..aint"i"§  a   wel!.,re   benefit  fund defined   in   Code       ection   l9(e),     which provio.lo po tretirement  rnedieal benefitA l>Uocated to nep.>rate  ac-counts !or   key  employees as defined   in   cede PCC ion     419!\(d) (3).  or "n individu"l  medical account A"  defined  in Code    ection   415(1} (2).

l.<'!tter  HH

DIVS.<tSIFlED  llNilS-rNEIITS !I.DVTSO!'l:S 11/C FFN:    3!33S2Bl901  010
Nge  2

Our   opinio"  appliea  wlth. rellp cto the require Mnt     of Code   s <:tion  UO(bl   it 100   per<:ent  of     all   non xc:lu(!able employees bene!H   und r   tile   plan.           Employers that  elect  a   llilfe harbor  ..tloc..uon  orrnula an<i  a  sate  harbor compensation defir itlorl  can   alan   rely    on   iln     opinion letter   with  respect    to   the    nondi <:rimir.totory  a<r10unts require.,ent   under uect1on  Ol(i1)(4)  <>nd   with respect  to whether the fo= of   the plan  8<1thfie11 the   requirements or
=ectiono 401(It) (J)   and  -101 (m) (2).       In   the """" of      plans   d  c:ribed  in   sect!on 401 (k)  (lll    ilnd/or  '0l(m) (12), employen ""'Y  alo rely on   the   opinion   letter  with    reGpect  to    wh<!ther the    form of  the    plan    satillfien   those requirement" unless the plan   provides for  the Bafe harbor   contribution  to be   made  under another plan.

If you,  the <MBter   or  prototype  nponoor,   have any quenticnB conc:crnir.g the  IRS  procen ing of    thiu  c;one,      ple,.ae call   the    aeove   telephon<>  nurrber.   This  nu:t'ber ionly       for us" of  the opor.Bor.   Individual partieipant9  .1nd/or
.1dopting  employe:with  qucBtions conce=ing  the plan  Bhould contact    the = tcr or prototype aponoor.    The   plan'n
11doption  agrec,ent mu  t  include  the    pon9or•s 11ddre9and telephone number !or  inqu ri!HI by   adopting  employers.

If  you   write to the   IRS      regarding  thin  pl.:tn,   ple:  .ne   provide  your telephone  number and the "'o"t   convenient   time
!or   us   to   c<>Ll    in   ca11e "e  need n-ore information.    Whether  you   c:all or write,   ple;oae refer to the Letter Serial
Number   and   rile Folder Number   Bhown  in  the heading of  this letter.

'l'ou  ohould keep thin  letter a.. a  pcrma.nent rec:ord.   Ple;ose notify un   if you   modi!y   or   dinc:entinue    npon!Joruhip  of thi" plan.
Sincerely  yours,

l\ndre" Zucke= Director,
Employee Plans  Rulings  <>nd Agree01ento

Letter  33i

2Ex 10.17 - 12.31.12

SEPARATION AND RELEASE AGREEMENT
This Separation and Release Agreement (the “Agreement”), by and among BBCN Bancorp, Inc. (together with its subsidiaries, “BBCN”), BBCN Bank and Alvin D. Kang (“Executive”), is effective as of the close of business on January 14, 2013 (the “Effective Date”).
WHEREAS, BBCN and Executive have mutually agreed that Executive’s employment and service as an executive officer of and a director of BBCN will terminate in accordance with this Agreement; and 
WHEREAS, BBCN and Executive desire to enter into this Agreement to memorialize the terms of, and each party’s rights and obligations in connection with, the termination of Executive’s employment and service as a director.
NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein and other good and valuable consideration, including the execution of the Release Agreement (as hereinafter defined) by Executive, the receipt and sufficiency of which is hereby acknowledged by the parties hereto, the parties agree as follows:
Termination of Service.  Executive’s employment with BBCN, and any and all of Executive’s other positions and offices (including service as a director) with BBCN, will terminate effective as of the close of business on January 31, 2013 without the need for any further action by Executive (the “Termination Date”).  
Duties and Authority.  During the period from the Effective Date through the Termination Date, except as otherwise directed by BBCN’s Board of Directors, Executive will continue to perform his Chief Executive Officer duties on an active full-time basis and will provide advice and assistance to aid in transition to his successor, as reasonably requested by BBCN’s Board of Directors.  After the Termination Date, Executive shall have no authority to act on behalf of BBCN, or to bind BBCN to any undertaking or agreement.  
Accrued Obligations; Reimbursements. Within five (5) business days after the Termination Date, BBCN shall pay to Executive any earned but unpaid annual base salary and any accrued but unused vacation pay, and, in accordance with the applicable expense reimbursement policy, as soon as practicable following submission of all applicable documentation, any expense reimbursement payments owed to Executive for expenses incurred prior to the Termination Date.  
Payments and Benefits.  In addition to the accrued and other amounts described in Section 3 of this Agreement, provided Executive executes the Release and Waiver of Claims attached hereto as Exhibit A (the “Release Agreement”) on January 31, 2013, and does not revoke the Release Agreement within the seven (7) day revocation period following execution thereof, BBCN  shall pay or provide to Executive the following (in each case, subject to withholding of applicable taxes):

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a lump sum cash payment equal to Six Hundred and Seventy-Five Thousand Dollars ($675,000) payable after the Termination Date promptly after the Release Agreement has been executed and the seven-day revocation period has expired; 
a lump sum cash bonus in the amount of $119,500 in respect of 2012 under BBCN’s annual cash bonus incentive plan (its “Performance Incentive Plan” or “PIP”), payable at the same time 2012 PIP bonuses are paid to other PIP participants; and
a $40,000 credit relating to 2012 will be made to Executive’s deferral account under the Long Term Incentive Agreement by and between Nara Bank and Executive, dated June 27, 2008, (the “Incentive Agreement”) with such credit and any distributions to be made in accordance with the terms of the Incentive Agreement.  In connection with any merger of BBCN in which it is not the surviving entity, or in any sale of all or substantially all its assets or any similar transaction, BBCN will take appropriate steps to have the Incentive Agreement assumed by the acquiring party.
Stock Options.   Executive’s vested stock options that are outstanding as of the Termination Date will remain exercisable through the last day of the term of the respective option, as set forth in the applicable stock option agreements, notwithstanding the termination of Executive’s employment and any terms in the stock option agreements to the contrary. 
No Other Benefits. Except for (w) the amounts and benefits described in Sections 3, 4 and 5 of this Agreement, (x) Executive’s rights with respect to any accrued and vested benefits under any qualified 401(k) savings plan and any right to continuation of group health coverage at Executive’s expense in accordance with the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA), (y) Executive’s rights to deferred payments under the Incentive Agreement and the Long Term Incentive Plan pursuant to which the Incentive Agreement was executed and (z) Executive’s claims for indemnification and advancement of expenses as a director, officer or employee of BBCN under the Certificate of Incorporation, Articles of Incorporation or Bylaws of BBCN and any indemnification agreement, Executive shall not be entitled to any other payments or benefits from BBCN in respect of his employment or termination thereof.  For the avoidance of doubt, all of Executive’s unvested outstanding performance unit awards granted under the Nara Bancorp, Inc. 2001/Nara Bank 2000 Continuation Long Term Incentive Plan or the Nara Bancorp, Inc. 2007 Equity Incentive Plan (renamed as the BBCN Bancorp, Inc. 2007 Equity Incentive Plan) and any other unvested outstanding equity awards shall be forfeited as of the Termination Date. 
Nonsolicitation of Employees.  For a period of eighteen (18) months after the Termination Date, without the written consent of BBCN’s Board of Directors or a person authorized thereby (which consent may be withheld in the absolute discretion of BBCN), Executive shall not, directly or indirectly solicit, recruit, induce, or encourage any person who is an employee of BBCN during such eighteen-month period to terminate his or her employment with BBCN or to become an employee of any organization with which Executive may become affiliated, or cause or influence any organization with which Executive may become affiliated to do the same; provided, however, that nothing in this Section 7 shall prohibit Executive or any organization with which Executive may become affiliated from (x) soliciting any person whose employment or engagement for services was terminated by BBCN at least three months prior to the date of such solicitation provided such termination was not encouraged or assisted by Executive or any organization with which Executive 

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may become affiliated, or (y) engaging in any general solicitation not targeted at any employee of BBCN, including any non-directed executive searches or placing general advertisements for employees in newspapers or other media of general circulation..
Enforcement.  The parties agree and acknowledge that the obligations of the parties pursuant to Sections 7 and 10 of this Agreement are of a unique and special nature and that a party will not have an adequate remedy at law in the event of a failure by the obligated party to abide by his or its obligations under such Sections, nor will money damages adequately compensate for the injury caused by breach of such obligations.  Therefore, it is agreed and hereby acknowledged by the parties that, in the event of a breach by a party of any of such obligations, BBCN and/or the Bank, on the one hand, or Executive, on the other hand, as applicable, shall have the right, among other rights, to damages sustained thereby and to obtain an injunction or decree of specific performance from any court of competent jurisdiction to restrain or compel the other party to perform as agreed in Section 7 or 10 of this Agreement, as applicable.  Nothing herein shall in any way limit or exclude any other right granted by law or equity to any party.
Cooperation.   The parties acknowledge that from time to time the assistance and cooperation of Executive may be of value with respect to (a) areas and matters in which Executive was involved during his employment, including with respect to any internal or external communications concerning the business of BBCN, his involvement and participation therein and his termination of employment, and (b) transitioning matters in which Executive was involved during his employment. Such assistance and cooperation, including Executive’s compensation and time requirements, shall be determined upon the reasonable agreement of the parties. Executive will be provided an opportunity to review and approve any internal or external announcements regarding his termination of service.  Executive acknowledges that he has approved a press release to be issued upon the execution and delivery of this Agreement.
Non-Disparagement.  Executive shall not make any public comments disparaging or denigrating BBCN, including each of its respective current, former and future officers, directors, employees, agents, representatives, attorneys, and shareholders, or encourage or assist any other person or entity making any such public comments.  BBCN shall use its reasonable best efforts to cause the members of BBCN’s Board of Directors and its executive officers with the title of Senior Vice President and above not to make any public comments disparaging or denigrating Executive or encourage or assist any other person or entity making any such public comments.  Nothing set forth herein shall be interpreted to prohibit either party from responding publicly to incorrect public statements, making truthful statements when required by law, subpoena, court order, or the like and/or from responding to any inquiry about this Agreement or its underlying facts and circumstances by any regulatory or investigatory organization and/or from making any truthful statements in the course of any legal proceeding.
Return of Property. No later than the Termination Date, Executive agrees to return to BBCN all company-owned property in his possession, specifically including all keys and card keys to company buildings or property; all company-owned equipment; and all company documents and papers, including all trade secrets and other confidential company information and, after returning such information to BBCN, to purge all BBCN confidential information from any personal 

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computers, tablets or other such devices and otherwise to follow BBCN security protocols applicable to employees whose employment has been terminated.
Entire Agreement.  This Agreement sets forth the complete agreement between Executive and BBCN relating the Executive’s termination of employment.  Executive acknowledges that, except as described in this Agreement, Executive is not entitled to any further compensation or benefits from BBCN.  Executive further acknowledges and agrees that, in signing this Agreement, Executive does not rely and has not relied upon any representations or statements by BBCN or representative thereof with regard to the subject matter, basis, or effect of this Agreement or the Release Agreement that are not specifically set forth in this Agreement or the Release Agreement.  Notwithstanding the foregoing, nothing in this Agreement is intended to or shall limit, supersede, nullify, or affect (a) the Incentive Agreement, (b) Executive’s claims for indemnification and advancement of expenses as a director, officer or employee of BBCN under the Certificate of Incorporation, Articles of Incorporation or Bylaws of BBCN and any indemnification agreement or (c) any duties and responsibilities Executive may have or owe to BBCN by virtue of any separate agreement or obligation. Without limiting the generality of the foregoing, after the termination of his employment, Executive shall continue to have a duty and obligation to maintain the confidentiality of all trade secrets (including lists of customers and customer prospects of BBCN) and other confidential information of BBCN and its customers and not to use any such trade secrets  or other confidential information for any purpose except in connection with the services to be provided pursuant to Sections 2 and 9 of this Agreement.
Severability.  If any section, subsection or provision hereof is found for any reason whatsoever to be invalid or inoperative, that section, subsection or provision shall be deemed severable and shall not affect the force and validity of any other provision of this Agreement.  If any covenant herein is determined by a court to be overly broad thereby making the covenant unenforceable, the parties agree and it is their desire that such court shall substitute a reasonable judicially enforceable limitation in place of the offensive part of the covenant and that as so modified the covenant shall be as fully enforceable as if set forth herein by the parties themselves in the modified form.  The covenants of Executive in this Agreement shall each be construed as an agreement independent of any other provision in this Agreement, and the existence of any claim or cause of action of Executive against BBCN, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by BBCN of the covenants in this Agreement. 
No Admission of Wrongdoing.  Neither this Agreement nor the Release Agreement shall be construed as an admission of liability or wrong-doing by either party.
No Limitation of Rights.  Nothing in this Agreement shall limit or otherwise affect BBCN’s rights with respect to any compensation plans, agreements or arrangements, including, without limitation, any rights it may have to amend, modify or terminate such plans, agreements or arrangements in accordance with their terms.
Governing Law.  This Agreement shall be interpreted, construed, and governed by the laws of the State of California, excluding any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of this Agreement to the substantive law of another jurisdiction.  

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Construction.  Each party acknowledges that: (a) it has read this Agreement and the Release Agreement; (b) it has been represented in the preparation, negotiation and execution of this Agreement by legal counsel of its own choice; and (c) it understands the terms and consequences of this Agreement and is fully aware of the legal and binding effect of this Agreement. This Agreement shall not be construed more strongly against either party, regardless of who is more responsible for its preparation.  If there is a conflict between this Agreement and any present or future law, the part that is affected shall be curtailed only to the extent necessary to bring it within the requirements of that law.
Expenses and Fees.  Subject to the next sentence, each party shall bear the expenses incurred by such party in connection with the negotiation and execution of this Agreement and the consummation of the transactions contemplated hereby.  If any legal action or arbitration is brought relating to this Agreement, the prevailing party in any final judgment or arbitration award, or the non-dismissing party in the event of a voluntary dismissal by the party instituting the action, shall be entitled to the full amount of all reasonable expenses, including all court costs, arbitration fees and actual attorneys’ fees paid or incurred in good faith.
Counterparts.  This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
Successors.  This Agreement may not be assigned by Executive.  In addition to any obligations imposed by law upon any successor to BBCN, BBCN will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the stock, business and/or assets of BBCN, to expressly assume and agree to perform this Agreement in the same manner and to the same extent that BBCN would be required to perform it if no such succession had taken place.  Executive agrees and consents to any such assumption by a successor or parent of BBCN, as well as any assignment of this Agreement by BBCN for that purpose.  As used in this Agreement, “BBCN” shall mean BBCN as herein before defined as well as any such successor or parent that expressly assumes this Agreement or otherwise becomes bound by all of its terms and provisions by operation of law.
Amendment.  This Agreement may be amended only by written agreement executed by each of the parties. 
Tax Withholding.  BBCN may deduct from all compensation and benefits payable under this Agreement any taxes or withholdings BBCN is required to deduct pursuant to state, federal or local laws.
Internal Revenue Code Section 409A.  To the extent applicable, it is intended that this Agreement and any payment made hereunder shall comply with the requirements of Section 409A of the Internal Revenue Code, or an exemption or exclusion therefrom and any related regulations or other guidance promulgated with respect to such Section by the U.S. Department of the Treasury or the Internal Revenue Service and this Agreement shall be interpreted accordingly; provided that, for the avoidance of doubt, this provision shall not be construed to require a gross-up or other reimbursement payment in respect of any taxes, interest or penalties imposed on Executive as a result of Internal Revenue Code Section 409A.  

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IN WITNESS WHEREOF, each party has signed this Agreement on the date shown next to its signature below.

BBCN BANCORP, INC.

Date:      1-14-2013_________        By:      __s/Kevin S. Kim    ___
Name: ___Kevin S. Kim________
Title:   ___Chairman___________

BBCN BANK    

Date: __1-14-2013_______    By:      ___s/Kevin S. Kim______
Name: ___Kevin S. Kim________
Title: ____Chairman___________

    
ALVIN D. KANG

Date:  __1-14-2013_______        ____s/Alvin D. Kang___________ 

        

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EXHIBIT A
RELEASE AND WAIVER OF CLAIMS
This Release and Waiver of Claims (“Release Agreement”) is entered into effective as of January 31, 2013, by and between BBCN Bancorp, Inc. (together, with its subsidiaries, “BBCN”) and Alvin D. Kang (“you” or “Executive”).
BBCN and Executive agree as follows:
1.In accordance with the Separation and Release Agreement entered into by and between BBCN and Executive, effective as of January 14, 2013 (the “Separation Agreement”), the employment relationship between Executive and BBCN will terminate at the close of business on January 31, 2013.
2.General Release.  Except for those obligations of BBCN created by the Separation Agreement or this Release Agreement or for any claims to indemnification and to advancement of expenses as a director, officer or employee of BBCN you may have under the Certificate of Incorporation, Articles of Incorporation or Bylaws of BBCN, any indemnification agreement, you may have entered into with the foregoing or otherwise by law, you, Executive, release and discharge and promise not to sue BBCN, and each of its or their current and former partners, directors, officers, employees, representatives, attorneys, successors and assignees, past and present, and each of them (individually and collectively, “Releasees”) from and with respect to any and all claims, wages, release agreements, obligations, demands and causes of action, known or unknown, suspected or unsuspected, concealed or hidden (collectively, “Claims”), of any kind whatsoever arising out of or in any way connected with your service as an employee or director of BBCN (or the termination of such services), including without limitation any Claims for wages, penalties, severance pay, bonuses or similar benefits, sick leave, pension, retirement, vacation pay, life insurance, health or medical insurance or any other fringe benefit, any benefits arising from any ERISA benefit plan, workers’ compensation or disability, any Claims under Title VII of the Civil Rights Act of 1964, Civil Rights Act of 1991, the Americans with Disabilities Act, the Family and Medical Leave Act, the California Fair Employment and Housing Act, the California Labor Code, and orders of the California Industrial Welfare Commission, or any other federal, state or local law, regulation or ordinance, and any other Claims resulting from any act or omission by or on the part of Releasees committed or omitted prior to date you sign this Release Agreement.  Notwithstanding anything to the contrary in this Release Agreement, you are not releasing any claim that may not be waived as a matter of law.  This Release does not prevent you from filing a charge with or participating in an investigation by a governmental administrative agency; but you waive any right to receive any monetary award resulting from such a charge or investigation.
3.ADEA Release.  You also expressly acknowledge and agree that, in addition to the release set forth in Section 2 above, you are waiving and releasing any and all rights or claims against Releasees that you may have under the Age Discrimination in Employment Act of 1967, as amended (“ADEA”), which have arisen on or before the date you sign this Release Agreement.  You also expressly acknowledge and agree that:

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(a)    In return for this Release Agreement, you will receive consideration (including the payments and benefits due under the Separation Agreement) in addition to any consideration you were already entitled to receive before entering into this Release Agreement; 
(b)    You are advised to consult with an attorney before signing this Release Agreement;
(c)    You were given a copy of this Release Agreement and informed that you have at least twenty-one (21) days in which to consider this Release Agreement.  If you want to accept this Release Agreement, you must return this Release Agreement, signed by you, to BBCN within twenty-one (21) days after you received it or on your last day of employment, whichever is later; and  
(d)    You understand that you have seven (7) days after you sign this Release Agreement in which to revoke this Release Agreement (the “Revocation Period”).  This Release Agreement will not be effective or enforceable until the Revocation Period expires without you revoking the Release Agreement.  If you revoke this Release Agreement before the expiration of the Revocation Period, then this Release Agreement shall be of no force or effect.  To revoke, you must deliver your written notice of revocation before expiration of the Revocation Period to the Chairman of the Board of BBCN.
4.    California Civil Code Section 1542.  THE RELEASES SET FORTH IN SECTIONS 2 AND 3 OF THIS RELEASE AGREEMENT APPLY TO KNOWN AND UNKNOWN CLAIMS.  ACCORDINGLY, YOU EXPRESSLY WAIVE ANY RIGHTS YOU MAY HAVE UNDER SECTION 1542 OF THE CALIFORNIA CIVIL CODE WHICH PROVIDES AS FOLLOWS:
“A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.”
5.    No Claims Assigned or Filed.  You represent and warrant that you have not assigned or transferred to any person, BBCN or entity not a party to this Release Agreement any of the “Claims” released pursuant to Sections 2, 3, and 4 of this Release Agreement.  You further represent and warrant that neither you nor anyone acting on your behalf has filed any complaints, charges, or lawsuits with any court or government agency, or commenced any arbitration proceeding, relating to any of the “Claims” released pursuant to Sections 2, 3 and 4 of this Release Agreement.
6.    Miscellaneous.  This Release Agreement shall be governed by the laws of the State of California, excluding such state’s conflict of laws principles.  If any provision of this Release Agreement or its application is held invalid, the invalidity shall not affect other provisions or applications of the Release Agreement which can be given effect without the invalid provisions or application; therefore, the provisions of this Release Agreement are declared to be severable.  This Release Agreement constitutes the entire Release Agreement of the parties and supersedes all prior 

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negotiations and all release agreements, whether written or oral.  This Release Agreement may be modified only by a writing signed by all of the parties to this Release Agreement and no waiver of any provision in this Release Agreement shall be binding on any party unless in writing and signed by such party.  This Release Agreement is binding on and enforceable against BBCN and your heirs, successors and assigns.  This Release Agreement is not and shall not be construed as an indication that you or BBCN may have engaged in any wrongful conduct.  This Release Agreement may be executed in counterparts, and each counterpart, when executed, shall have the efficacy of a signed original.  Photographic and facsimile copies of such signed counterparts may be used in lieu of the originals for any purpose.  
You have read and understand this Release Agreement and voluntarily sign it without coercion.  
BBCN BANCORP, INC.        EXECUTIVE

By: ____/s/ Kevin S. Kim______        __/s/ Alvin D. Kang__________________
Name: ______________________
Title: __Chairman of the Board___        Alvin D. Kang 

Date of Delivery to Executive: January 14, 2013    Date of Signature: January 31, 2013
Date of Receipt by BBCN:  __________
NOTE:  In order to accept this Release Agreement, You may not sign it before your last day of work.  Any modification or alteration of any terms of this Release Agreement voids this Release Agreement in its entirety.

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