Document:

exv10w1

 

EXHIBIT 10.1

AMENDED UCBH HOLDINGS, INC.

1998 STOCK OPTION PLAN

	1.  	DEFINITIONS.

     (a)     “Affiliate” means (i) a member of a controlled group of corporations of which the Company
is a member or (ii) an unincorporated trade or business which is under common control with the
Company as determined in accordance with Section 414(c) of the Internal Revenue Code of 1986, as
amended, (the “Code”) and the regulations issued thereunder. For purposes hereof, a “controlled
group of corporations” shall mean a controlled group of corporations as defined in Section 1563(a)
of the Code determined without regard to Section 1563(a)(4) and (e)(3)(C).

     (b)     “Alternate Option Payment Mechanism” refers to one of several methods available to a
Participant to fund the exercise of a stock option set out in Section 13 hereof. These mechanisms
include: broker assisted cashless exercise and stock for stock exchange.

     (c)     “Award” means a grant of one or some combination of one or more Non-statutory Stock
Options, Incentive Stock Options and Option related rights under the provisions of this Plan.

     (d)     “Bank” means United Commercial Bank.

     (e)     “Board of Directors” or “Board” means the board of directors of the Company.

     (f)     “Change
in Control” means an event or series of events of a nature that
at such time:    (i)
any “person” (as the term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of
1934, as amended) is or becomes the “beneficial owner” (as determined under Rule 13d of such Act),
directly or indirectly, of voting securities of the Bank or the Holding Company representing fifty
percent (50%) or more of the Bank’s or the Holding Company’s outstanding voting securities or right
to acquire such securities except for any voting securities of the Bank purchased by the Holding
Company and any voting securities purchased by any employee benefit plan of the Bank or the Holding
Company, or (ii) a plan of reorganization, merger, consolidation, sale of all or substantially all
the assets of the Bank or the Holding Company or similar transaction occurs in which the Bank or
the Holding Company is not the resulting entity.

     (g)     “Code” means the Internal Revenue Code of 1986, as amended.

     (h)     “Committee” means a committee consisting of the entire Board of Directors or consisting
solely of two or more members of the Board of Directors who are non-employee directors as such term
is defined under Rule 16b-3(b)(3)(i) under the Exchange Act as promulgated by the Securities and
Exchange Commission.

1

 

     (i)      “Common Stock” means the Common Stock of the Company, par value, $.01 per share or any
stock exchanged for shares of Common Stock pursuant to Section 14 hereof.

     (j)      “Company” means UCBH Holdings, Inc.

     (k)     “Date of Grant” means the effective date of an Award.

     (l)      “Disability” means the permanent and total inability by reason of mental or physical
infirmity, or both, of a Participant to perform the work customarily assigned to him, or in the
case of a Director, to serve on the Board. Additionally, a medical doctor selected or approved by
the Board of Directors must advise the Committee that it is either not possible to determine when
such Disability will terminate or that it appears probable that such Disability will be permanent
during the remainder of said Participant’s lifetime.

     (m)    “Effective Date” means April 17, 1998, the effective date of the Plan.

     (n)     “Employee” means any person who is currently employed by the Company or an Affiliate,
including officers, but such term shall not include Outside Directors.

     (o)     “Employee Participant” means an Employee who holds an outstanding Award under the terms of
the Plan.

     (p)     “Exchange Act” means the Securities Exchange Act of 1934, as amended.

     (q)     “Exercise Price” means the purchase price per share of Common Stock deliverable upon the
exercise of each Option in order for the option to be exchanged for shares of Common Stock.

     (r)      “Fair Market Value” means, when used in connection with the Common Stock on a certain
date, the price of the last reported sale of the Common Stock at the close of the regular trading
day’s market (not including any after hours market), as reported by the National Association of
Securities Dealers Automated Quotation System (“NASDAQ”), the New York Stock Exchange (“NYSE”) or
the American Stock Exchange (“AMEX”) (as published by the Wall Street Journal, if published) on
such date or if the Common Stock was not traded on such date, on the next preceding day on which
the Common Stock was traded thereon or the last previous date on which a sale is reported. If the
Common Stock is not reported on the NASDAQ, AMEX or the NYSE, the Fair Market Value of the Common
Stock is the value so determined by the Board in good faith.

     (s)     “Incentive Stock Option” means an Option granted by the Committee to a Participant, which
Option is designated by the Committee as an Incentive Stock Option pursuant to Section 7 hereof and
is intended to be such under Section 422 of the Code.

     (t)      “Limited Right” means the right to receive an amount of cash based upon the terms set
forth in Section 8 hereof.

2

 

     (u)     “Non-statutory Stock Option” means an Option granted by the Committee to a Participant
pursuant to Section 6 hereof, which is not designated by the Committee as an Incentive Stock Option
or which is redesignated by the Committee under Section 7 as a Non-Statutory Stock Option.

     (v)     “Option” means the right to buy a fixed amount of Common Stock at the Exercise Price
within a limited period of time designated as the term of the option as granted under Section 6 or
7 hereof.

     (w)    “Outside Director” means a member of the Board of Directors of the Company or its
Affiliates, who is not also an Employee.

     (x)     “Outside Director Participant” means an Outside Director who holds an outstanding Award
under the terms of the Plan.

     (y)     “Participant” means any Employee or Outside Director who holds an outstanding Award under
the terms of the Plan.

     (z)     “Retirement” with respect to an Employee Participant means termination of employment which
constitutes retirement under any tax qualified plan maintained by the Bank or the Company.
However, “Retirement” will not be deemed to have occurred for purposes of this Plan if a
Participant continues to serve on the Board of Directors of the Company or its Affiliates even if
such Participant is receiving retirement benefits under any retirement plan of the Bank or the
Company. With respect to an Outside Director Participant, “Retirement” means the termination of
service from the Board of Directors of the Company or its Affiliates following written notice to
the Board as a whole of such Outside Director’s intention to retire or retirement as determined by
the Bank (or the Company’s) bylaws, or by reaching age 65, except that an Outside Director shall
not be deemed to have retired for purposes of the Plan in the event he continues to serve as a
consultant to the Board or as an advisory director.

     (aa)   “Termination for Cause” shall mean, in the case of an Outside Director, removal from the
Board of Directors, or, in the case of an Employee, termination of employment, in both such cases
as determined by the Board of Directors, because of an act or acts of gross misconduct, willful
neglect of duties or commission of a felony or equivalent violation of law. No act, or the failure
to act, on Participant’s part shall be “willful” unless done, or omitted to be done, not in good
faith and without reasonable belief that the action or omission was in the best interest of the
Bank or one of its Affiliates.

	2.  	ADMINISTRATION.

     (a)     The Plan as regards to Awards to employees of the Company or its Affiliates shall be
granted and administered by the Committee. The Committee is authorized, subject to the provisions
of the Plan, to grant awards to Employees and Outside Directors and to establish such rules and
regulations as it deems necessary for the proper administration of the Plan and to make whatever
determinations and interpretations in connection with the Plan it deems necessary or

3

 

advisable. All determinations and interpretations made by the Committee shall be binding and
conclusive on all Participants in the Plan and on their legal representatives and beneficiaries.

     (b)     Awards to Outside Directors shall be granted and administered by the Committee, pursuant
to the terms of this Plan.

	3.  	TYPES OF AWARDS AND RELATED RIGHTS.

     The following Awards and related rights as described in Sections 6 through 11 hereof may be
granted under the Plan:

     (a)     Non-statutory Stock Options;

     (b)     Incentive Stock Options;

     (c)     Limited Rights.

	4.  	STOCK SUBJECT TO THE PLAN.

     Subject to adjustment as provided in Section 14, the maximum number of shares reserved for
Awards under the Plan is 23,657,6481 shares of the Common Stock. These shares of Common
Stock may be either authorized but unissued shares or authorized shares previously issued and
reacquired by the Company. To the extent that Awards are granted under the Plan, the shares
underlying such Awards will be unavailable for any other use including future grants under the Plan
except that, to the extent that Awards terminate, expire, are forfeited or are canceled without
having been exercised (in the case of Limited Rights, exercised for cash), new Awards may be made
with respect to these shares.

	5.  	ELIGIBILITY.

     Subject to the terms herein all Employees and Outside Directors shall be eligible to receive
Awards under the Plan.

	6.  	NON-STATUTORY STOCK OPTIONS.

     The Committee may, subject to the limitations of the Plan and the availability of shares
reserved but unawarded in the Plan, from time to time, grant Non-statutory Stock Options to
Employees and Outside Directors and, upon such terms and conditions as the Committee may determine,
grant Non-statutory Stock Options in exchange for and upon surrender of previously granted Awards
under this Plan. Non-statutory Stock Options granted under this Plan are subject to the following
terms and conditions:

	1	This number and all other share numbers
referred to in this Plan reflect the adjustments pursuant to the
Company’s stock splits and additional shares reserved pursuant to the
Plan as of April 12, 2005.

4

 

     (a)     Exercise Price. The Exercise Price of each Non-statutory Stock Option shall be
determined by the Committee on the date the option is granted. Such Exercise Price shall not be
less than 100% of the Fair Market Value of the Common Stock on the Date of Grant. Shares may be
purchased only upon full payment of the Exercise Price or upon operation of an Alternate Option
Payment Mechanism set out in Section 9 hereof.

     (b)     Terms of Options. The term during which each Non-statutory Stock Option may be
exercised shall be determined by the Committee, but in no event shall a Non-statutory Stock Option
be exercisable in whole or in part more than 10 years from the Date of Grant. The Committee shall
determine the date on which each Non-statutory Stock Option shall become exercisable. The shares
comprising each installment may be purchased in whole or in part at any time during the term of
such Option after such installment becomes exercisable. The Committee may, in its sole discretion,
accelerate the time at which any Non-statutory Stock Option may be exercised in whole or in part.
The acceleration of any Non-statutory Stock Option under the authority of this paragraph creates no
right, expectation or reliance on the part of any other Participant or that certain Participant
regarding any other unaccelerated Non-statutory Stock Options.

     (c)     Termination of Employment or Service. Upon the termination of a Participant’s
employment or service in the event of Disability, death or Change in Control, all Non-statutory
Stock Options shall immediately vest and be exercisable for one year after such termination. In
the event of Termination for Cause or termination of a Participant’s employment or service for any
other reason including voluntary resignation, all Non-statutory Stock Options shall be exercisable
for a period of one year only as to those options which have vested as of the date of the
Participant’s termination of employment or service. Any unvested Non-statutory Stock Options
shall become null and void and shall not be exercisable by or delivered to the Participant after
such date of termination.

     (d)     Awards to Outside Directors. Upon election or appointment to the Board each
Outside Director shall receive a grant of 24,000 Non-statutory Stock Options. For each additional
three-year period of service, each Outside Director shall receive an additional grant of 24,000
Non-statutory Stock Options. All Non-statutory Stock Options granted to Outside Directors shall
vest annually in equal portions over three years. All Awards to Outside Directors are subject to
the terms and conditions of this Plan.

	7.  	INCENTIVE STOCK OPTIONS.

     The Committee may, subject to the limitations of the Plan and the availability of shares
reserved but unawarded in the Plan, from time to time, grant Incentive Stock Options to Employees.
Incentive Stock Options granted pursuant to the Plan shall be subject to the following terms and
conditions:

     (a)     Exercise Price. The Exercise Price of each Incentive Stock Option shall be not
less than 100% of the Fair Market Value of the Common Stock on the Date of Grant. However, if at
the time an Incentive Stock Option is granted to a Participant, the Participant owns Common

5

 

Stock representing more than 10% of the total combined voting securities of the Bank (or,
under Section 424(d) of the Code, is deemed to own Common Stock representing more than 10% of the
total combined voting power of all classes of stock of the Bank, by reason of the ownership of such
classes of stock, directly or indirectly, by or for any brother, sister, spouse, ancestor or lineal
descendent of such Participant, or by or for any corporation, partnership, estate or trust of which
such Participant is a shareholder, partner or beneficiary), (“10% Owner”), the Exercise Price per
share of Common Stock deliverable upon the exercise of each Incentive Stock Option shall not be
less than 110% of the Fair Market Value of the Common Stock on the Date of Grant. Shares may be
purchased only upon payment of the full Exercise Price or upon operation of an Alternate Option
Payment Mechanism set out in Section 9 hereof.

     (b)     Amounts of Options. Incentive Stock Options may be granted to any Employee in
such amounts as determined by the Committee; provided that the amount granted is consistent with
the terms of Section 422 of the Code. In the case of an option intended to qualify as an Incentive
Stock Option, the aggregate Fair Market Value (determined as of the time the Option is granted) of
the Common Stock with respect to which Incentive Stock Options granted are exercisable for the
first time by the Participant during any calendar year (under all plans of the Participant’s
employer corporation and its parent and subsidiary corporations) shall not exceed $100,000. The
provisions of this Section 7(b) shall be construed and applied in accordance with Section 422(d) of
the Code and the regulations, if any, promulgated thereunder. To the extent an award under this
Section 7 exceeds this $100,000 limit, the portion of the Options in excess of such limit shall be
deemed a Non-statutory Stock Option. The Committee shall have discretion to redesignate Options
granted as Incentive Stock Options as Non-Statutory Stock Options. Such redesignation shall not be
deemed to be a new grant or a regrant of such Options. Such Non-statutory Stock Options shall be
subject to Section 6 hereof.

     (c)     Terms of Options. The term during which each Incentive Stock Option may be
exercised shall be determined by the Committee, but in no event shall an Incentive Stock Option be
exercisable in whole or in part more than 10 years from the Date of Grant. If at the time an
Incentive Stock Option is granted to a Participant who is a 10% Owner, the Incentive Stock Option
granted to such Employee Participant shall not be exercisable after the expiration of five years
from the Date of Grant. No Incentive Stock Option granted under this Plan is transferable except
by will or the laws of descent and distribution and is exercisable in his lifetime only by the
Employee Participant to whom it is granted.

     The Committee shall determine the date on which each Incentive Stock Option shall become
exercisable. The shares comprising each installment may be purchased in whole or in part at any
time during the term of such option after such installment becomes exercisable. The Committee may,
in its sole discretion, accelerate the time at which any Incentive Stock Option may be exercised in
whole or in part. The acceleration of any Incentive Stock Option under the authority of this
paragraph creates no right, expectation or reliance on the part of any other Participant or that
certain Participant regarding any other unaccelerated Incentive Stock Options.

     (d)     Termination of Employment. Upon the termination of a Participant’s employment or
service in the event of Disability, Retirement, death or Change in Control, all Incentive Stock
Options shall immediately vest and be exercisable for one year after such

6

 

termination. In the event of Termination for Cause or termination of a Participant’s
employment or service for any other reason including voluntary resignation, all Incentive Stock
Options shall be exercisable for a period of one year only as to those options which have vested as
of the date of the Participant’s termination of employment or service. Any unvested Incentive
Stock Options shall become null and void and shall not be exercisable by or delivered to the
Participant after such date of termination.

     (e)     Compliance with Code. The Options granted under this Section are intended to
qualify as incentive stock options within the meaning of Section 422 of the Code, but the Company
makes no warranty as to the qualification of any option as an incentive stock option within the
meaning of Section 422 of the Code. All Options that do not so qualify shall be treated as
Non-statutory Stock Options.

	8.  	LIMITED RIGHTS.

     Simultaneously with the grant of any Option to an Employee, the Committee may grant a Limited
Right with respect to all or some of the shares covered by such Option. Limited Rights granted
under this Plan are subject to the following terms and conditions:

     (a)     Terms of Rights. In no event shall a Limited Right be exercisable in whole or in
part before the expiration of six months from the Date of Grant of the Limited Right. A Limited
Right may be exercised only in the event of a Change in Control.

     The Limited Right may be exercised only when the underlying Option is eligible to be
exercised, and only when the Fair Market Value of the underlying shares on the day of exercise is
greater than the Exercise Price of the underlying Option.

     Upon exercise of a Limited Right, the underlying Option shall cease to be exercisable. Upon
exercise or termination of an Option, any related Limited Rights shall terminate. The Limited
Rights may be for no more than 100% of the difference between the purchase price and the Fair
Market Value of the Common Stock subject to the underlying option. The Limited Right is
transferable only when the underlying option is transferable and under the same conditions.

     (b) Payment. Upon exercise of a Limited Right, the holder shall promptly receive from
the Company an amount of cash or some other payment option found in Section 12, equal to the
difference between the Exercise Price of the underlying option and the Fair Market Value of the
Common Stock subject to the underlying Option on the date the Limited Right is exercised,
multiplied by the number of shares with respect to which such Limited Right is being exercised.
Payments shall be less an applicable tax withholding as set forth in Section 15.

	9.  	ALTERNATE OPTION PAYMENT MECHANISM.

     The Committee has sole discretion to determine what form of payment it will accept for the
exercise of an Option. The Committee may indicate acceptable forms in the Award

7

 

Agreement covering such Options or may reserve its decision to the time of exercise. No
Option is to be considered exercised until payment in full is accepted by the Committee or its
agent.

     (a)     Cash Payment. The exercise price may be paid in cash or by certified check.

     (b)     Borrowed Funds. To the extent permitted by law, the Committee may permit all or a
portion of the exercise price of an Option to be paid through borrowed funds.

     (c)     Exchange of Common Stock.

               (i)     The Committee may permit payment by the tendering of previously acquired shares of Common
Stock. This includes the use of “pyramiding transactions” whereby some number of Options are
exercised. The shares gained through the exercise are then tendered back to the Bank as payment
for some other number of Options. This transaction may be repeated as needed to exercise all of
the Options available.

               (ii)    Any shares of Common Stock tendered in payment of the exercise price of an Option shall
be valued at the Fair Market Value of the Common Stock on the date prior to the date of exercise.

	10.  	RIGHTS OF A SHAREHOLDER.

     No Participant shall have any rights as a shareholder with respect to any shares covered by an
Option until the date of issuance of a stock certificate for such shares. Nothing in this Plan or
in any Award granted confers on any person any right to continue in the employ or service of the
Company or its Affiliates or interferes in any way with the right of the Company or its Affiliates
to terminate a Participant’s services as an officer or other employee at any time.

	11.  	NON-TRANSFERABILITY.

     Except to the extent permitted or restricted by the Code, the rules promulgated under Section
16(b) of the Exchange Act or any successor statutes or rules:

               (i)     The recipient of an Award shall not sell, transfer, assign, pledge, or otherwise encumber
shares subject to the Award until full vesting of such shares has occurred. For purposes of this
section, the separation of beneficial ownership and legal title through the use of any “swap”
transaction is deemed to be a prohibited encumbrance.

               (ii)    Unless determined otherwise by the Committee and except in the event of the Participant’s
death or pursuant to a domestic relations order, an Award is not transferable and may be earned in
his lifetime only by the Participant to whom it is granted. Upon the death of a Participant, an
Award is transferable by will or the laws of intestate succession. The designation of a
beneficiary does not constitute a transfer.

               (iii)    If a recipient of an Award is subject to the provisions of Section 16 of the Exchange
Act, shares of Common Stock subject to such Award may not, without the written

8

 

consent of the Committee (which consent may be given in the Stock Award Agreement), be sold or
otherwise disposed of within six months following the date of grant of the Award.

	12.  	AGREEMENT WITH GRANTEES.

        Each Award will be evidenced by a written agreement, executed by the Participant and the
Company or its Affiliates that describes the conditions for receiving the Awards including the date
of Award, the Exercise Price, the terms or other applicable periods, and other terms and conditions
as may be required or imposed by the Plan, the Committee, the Board of Directors, tax law
considerations or applicable securities law considerations.

	13.  	DESIGNATION OF BENEFICIARY.

        A Participant may, with the consent of the Committee, designate a person or persons to
receive, in the event of death, any Award to which the Participant would then be entitled. Such
designation will be made upon forms supplied by and delivered to the Company and may be revoked in
writing. If a Participant fails effectively to designate a beneficiary, then the Participant’s
estate will be deemed to be the beneficiary.

	14.  	DILUTION AND OTHER ADJUSTMENTS.

        In the event of any change in the outstanding shares of Common Stock by reason of any stock
dividend or split, recapitalization, merger, consolidation, spin-off, reorganization, combination
or exchange of shares, or other similar corporate change, or other increase or decrease in such
shares without receipt or payment of consideration by the Company, the Committee will make such
adjustments to previously granted Awards, to prevent dilution or enlargement of the rights of the
Participant including any or all of the following:

        (a)     adjustments in the aggregate number or kind of shares of Common Stock that may underlie
future Awards under the Plan;

        (b)     adjustments in the aggregate number or kind of shares of Common Stock underlying Awards
already made under the Plan;

        (c)     adjustments in the purchase price of outstanding Incentive and/or Non-statutory Stock
Options, or any Limited Rights attached to such Options.

        No such adjustments may, however, materially change the value of benefits available to a
Participant under a previously granted Award. All awards under this Plan shall be binding upon any
successors or assigns of the Company.

	15.  	TAX WITHHOLDING.

        Awards under this Plan shall be subject to tax withholding to the extent required by any
governmental authority. Any withholding shall comply with Rule 16b-3, if applicable, or any
amendment or successor rule. Shares of Common Stock withheld to pay for tax withholding

9

 

amounts shall be valued at their Fair Market Value on the date the Award is deemed taxable to
the Participant.

	16.   	AMENDMENT OF THE PLAN.

        The Board of Directors may at any time, and from time to time, modify or amend the Plan in any
respect, prospectively or retroactively; provided however, that (i) provisions governing grants of
Incentive Stock Options, unless permitted by the rules and regulations or staff pronouncements
promulgated under the Code, shall be submitted for shareholder approval to the extent required by
such law, regulation or interpretation, and (ii) to the extent required by NASD Rules, any material
amendments to the Plan shall not be effective until shareholder approval has been obtained.

        Failure to ratify or approve amendments or modifications by shareholders shall be effective
only as to the specific amendment or modification requiring such ratification. Other provisions,
sections, and subsections of this Plan will remain in full force and effect.

        No such termination, modification or amendment may affect the rights of a Participant under an
outstanding Award without the written permission of such Participant.

	17.   	EFFECTIVE DATE OF PLAN.

        The Effective Date of the Plan shall be April 17, 1998.

	18.   	TERMINATION OF THE PLAN.

        The right to grant Awards under the Plan will terminate upon the earlier of ten (10) years
after the Effective Date of the Plan or the exercise of Options, or related Limited Rights
equivalent to the maximum number of shares reserved under the Plan as set forth in Section 4. The
Board of Directors has the right to suspend or terminate the Plan at any time, provided that no
such action will, without the consent of a Participant or Outside Director Participant, adversely
affect his vested rights under a previously granted Award.

	19.   	APPLICABLE LAW.

        The Plan will be administered in accordance with the laws of the State of Delaware to the
extent not superseded by federal law.

	20.   	SUCCESSORS AND ASSIGNS.

        All awards under this Plan shall be binding upon any successors or assigns of the Company
including any holding company that may be formed by the Company.

10

 

	21.   	DELEGATION OF AUTHORITY.

        The Committee may delegate all authority for: the determination of forms of payment to be made
by or received by the Plan; the execution of Award Agreements; the determination of Fair Market
Value; and the determination of all other aspects of administration of the Plan to the executive
officer(s) of the Company. The Committee may rely on the descriptions, representations, reports
and estimates provided to it by the management of the Company for determinations to be made
pursuant to the Plan.

        IN WITNESS WHEREOF, the Board of Directors of the Company has adopted this Plan, as amended,
at its regularly scheduled meeting on May 19, 2005, to be executed by its duly authorized executive
officer and the corporate seal to be affixed and duly attested.

	 	 	 	 	 
	 
	[CORPORATE SEAL]	UCBH Holdings, Inc.

 	 
	 
	May 19, 2005                          	By:  /s/  Thomas S. Wu                              
             
	 
	Date 	Thomas S. Wu 	 
	 	Chairman, President and Chief Executive Officer 	 

ADOPTED BY THE BOARD OF DIRECTORS:

	 	 	 	 	 
	 	 	 
	May 19,  2005                         	By:  /s/  Eileen Romero                              
             	 
	Date 	Secretary 	 
	 	 	 	 
	 

11exv10w2

 

EXHIBIT 10.2

INDEMNIFICATION AGREEMENT

     THIS INDEMNIFICATION AGREEMENT (the “Agreement”) is made as of this ____day
of__________, 200____, by and between UCBH Holdings, Inc., a Delaware corporation (the
“Corporation”), and ____________________________________________________, an individual (“Indemnitee”).

RECITALS

     A.     The Corporation and Indemnitee recognize that unforeseen litigation may subject directors,
officers and agents to costs and expenses.

     B.     The Corporation desires to attract and retain the services of highly qualified individuals,
such as Indemnitee, to serve as directors, officers and agents of the Corporation and to indemnify
its directors, officers and agents so as to provide them with the maximum protection permitted by
law.

     In consideration of the Recitals set forth above and the mutual covenants and agreements set
forth below, the Corporation and Indemnitee do hereby agree as follows:

AGREEMENT

     1.     Indemnification and Expense Advancement.

             (a)     Proceedings Other than by Right of the Corporation. The Corporation shall
indemnify Indemnitee if Indemnitee was or is a party or is threatened to be made a party to any
proceeding (other than an action by or in the right of the Corporation to procure a judgment in its
favor) by reason of the fact that Indemnitee is or was an Agent (as defined in Section 1(i) below)
of the Corporation, against costs, expenses, judgments, fines, settlements and other amounts
actually and reasonably incurred in connection with such proceeding if Indemnitee acted in good
faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests
of the Corporation and, in the case of a criminal proceeding, has no reasonable cause to believe
the conduct of Indemnitee was unlawful. The termination of any proceeding by judgment, order,
settlement, conviction or upon a plea of nolo contendere or its equivalent shall not, of itself,
create a presumption that Indemnitee did not act in good faith and in a manner which Indemnitee
reasonably believed to be in the best interests of the Corporation or that Indemnitee had
reasonable cause to believe that Indemnitee’s conduct was unlawful.

             (b)     Proceedings By or in the Right of the Corporation. The Corporation shall
indemnify Indemnitee if Indemnitee was or is a party or is threatened to be made a party to any
threatened, pending or completed action by or in the right of the Corporation to procure a judgment
in its favor by reason of the fact that Indemnitee is or was an Agent of the Corporation, against
expenses actually and reasonably incurred by Indemnitee in connection with the defense

1

 

or settlement of such action if Indemnitee acted in good faith, in a manner Indemnitee believed to
be in or not opposed to the best interests of the Corporation and its stockholders; except that no
indemnification shall be made under this Section 1(b) for any of the following:

                      (i)     In respect of any claim, issue or matter as to which Indemnitee shall have been adjudged
to be liable to the Corporation in the performance of Indemnitee’s duty to the Corporation and its
stockholders, unless and only to the extent that the court in which such proceeding is or was
pending or the Delaware Court of Chancery shall determine upon application that, in view of all the
circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for the
expenses which such court shall determine;

                      (ii)    Of amounts paid in settling or otherwise disposing of a pending action without court
approval; or

                      (iii)   Of expenses incurred in defending a pending action which is settled or otherwise
disposed of without court approval.

            (c)     Determination of Right of Indemnification. Any indemnification under Sections
1(a) and (b) shall be made by the Corporation only if authorized in the specific case, upon a
determination that indemnification of Indemnitee is proper in the circumstances because Indemnitee
has met the applicable standard of conduct set forth above in Sections 1(a) and (b) by any of the
following:

                      (i)     A majority vote of a quorum of the Corporation’s board of directors consisting of
directors who are not parties to such proceeding; or

                      (ii)    If such a quorum of directors is not obtainable, by independent legal counsel in a
written opinion; or

                      (iii)   Approval of the stockholders by the affirmative vote of a majority of the shares
entitled to vote represented at a duly held meeting at which a quorum is present or by the written
consent of stockholders as provided in the Bylaws, with the shares owned by the person to be
indemnified not being entitled to vote thereon; or

                      (iv)   By the court in which such proceeding is or was pending upon application made by the
Corporation or its Agent or attorney or other person rendering services in connection with the
defense, whether or not such application by the Agent, attorney or other person is opposed by the
Corporation.

            (d)     Advances of Expenses. Expenses (including reasonable attorneys’ and experts’
fees), costs, and charges incurred in defending any proceeding shall be advanced promptly by the
Corporation prior to the final disposition of such proceeding upon receipt of a written undertaking
by or on behalf of Indemnitee to repay such amount unless it shall be determined ultimately that
Indemnitee is entitled to be indemnified as authorized in this Section 1. The form of such
undertaking shall be substantially similar to Exhibit A hereto.

2

 

            (e)     Indemnification Against Expenses of Successful Party. Notwithstanding the other
provisions of this Section 1, to the extent that Indemnitee has been successful on the merits in a
defense of any proceeding, claim, issue or matter referred to in Sections 1(a) and (b), Indemnitee
shall be indemnified against all expenses actually and reasonably incurred by Indemnitee in
connection therewith.

            (f)     Right of Indemnitee to Indemnification Upon Application; Procedure Upon
Application. Any indemnification provided for in Sections 1(a), (b) or (e) shall be made no
later than ninety (90) days after the Corporation is given notice of request by Indemnitee,
provided that any indemnification under Sections 1(a) and (b) is authorized pursuant to Section
1(c). Any such request for indemnification must be made within ninety (90) days of the final
adjudication, dismissal, or settlement of the matter for which Indemnitee seeks indemnification,
unless an appeal is filed, in which case the request may be made within ninety (90) days after the
appeal is resolved (hereafter referred to as “Final Disposition”). Upon such notice, if a quorum
of directors who were not parties to the action, suit, or proceeding giving rise to indemnification
is obtainable, the Corporation shall within two (2) weeks call a Board of Directors meeting to be
held within four (4) weeks of such notice, to make a determination as to whether Indemnitee has met
the applicable standard of conduct. Otherwise, if a quorum consisting of directors who were not
parties in the relevant action, suit, or proceeding is not obtainable, the Corporation shall retain
(at the Corporation’s expense) independent legal counsel chosen either jointly by the Corporation
and Indemnitee or else by the Corporation’s counsel within two (2) weeks to make such
determination.

                    If notice of a request for payment of a claim under any statute, under this Agreement, or
under the Corporation’s Certificate of Incorporation or Bylaws providing for indemnification or
advance of expenses has been given to the Corporation by Indemnitee, and such claim is not paid in
full by the Corporation within ninety (90) days of the later occurring of the giving of such notice
and Final Disposition in case of indemnification and ten (10) days of the giving of such notice in
case of advance of expenses, Indemnitee may, but need not, at any time thereafter bring an action
against the Corporation to receive the unpaid amount of the claim or the expense advance and, if
successful, Indemnitee shall also be paid for the expenses (including reasonable attorneys’ and
experts’ fees) of bringing such action. It shall be a defense to any such action (other than an
action brought to enforce a claim for expenses incurred in connection with any action, suit, or
proceeding in advance of its Final Disposition) that Indemnitee has not met the standards of
conduct which make it permissible under applicable law for the Corporation to indemnify Indemnitee
for the amount claimed, and Indemnitee shall be entitled to receive interim payment of expenses
pursuant to Section 1(d) unless and until such defense may be finally adjudicated by court order or
judgment from which no further right of appeal exists. Neither the failure of the Corporation
(including its Board of Directors, independent legal counsel, or its stockholders) to have made a
determination that indemnification of Indemnitee is proper in the circumstances because Indemnitee
has met the applicable standard of conduct required by applicable law, nor an actual determination
by the Corporation (including its Board of Directors or independent legal counsel) that Indemnitee
has not met such applicable standard of conduct, shall create a presumption that Indemnitee has or
has not met the applicable standard of conduct.

3

 

            (g)     Insurance. The Corporation may purchase and maintain insurance on behalf of any
person who is or was an Agent against any liability asserted against such person and incurred by
him or her in any such capacity, or arising out of his or her status as such, whether or not the
Corporation would have the power to indemnify such person against such liability under the
provisions of this Section 1.

            (h)     Optional Means of Assuring Payment. Upon request by an Indemnitee certifying that
Indemnitee has reasonable grounds to believe Indemnitee may be made a party to a proceeding for
which Indemnitee may be entitled to be indemnified under this Section 1, the Corporation may, but
is not required to, create a trust fund, grant a security interest or use other means (including,
without limitation, a letter of credit) to ensure the payment of such sums as may become necessary
to effect indemnification as provided herein.

            (i)     Definition of Agent. For the purposes of this Agreement, “Agent” means any person
who is or was a director, officer, employee or other agent of the Corporation, or is or was serving
at the request of the Corporation as a director, officer, employee or agent of another foreign or
domestic corporation, partnership, joint venture, trust or other enterprise, or was a director,
officer, employee or agent of a foreign or domestic corporation which was a predecessor corporation
of the corporation or of another enterprise at the request of such predecessor corporation;
“proceeding” means any threatened, pending or completed action or proceeding, whether civil,
criminal, administrative or investigative; and “expenses” includes without limitation reasonable
attorneys’ and experts’ fees and any expenses of establishing a right to indemnification.

            (j)     Indemnification under Section 145 of the Delaware General Corporation Law.
Subject to the provisions of Delaware Corporation Law Section 145 and any other applicable law,
notwithstanding any other provisions of this Section 1, the following shall apply to the
indemnification of Indemnitee:

                      (i)     There shall be a presumption that Indemnitee met the applicable standard of conduct
required to be met in Section 1(c) for indemnification, rebuttable by clear and convincing evidence
to the contrary;

                      (ii)    The Corporation shall have the burden of proving that Indemnitee did not meet the
applicable standard of conduct in Section 1(c);

                      (iii)   In addition to the methods provided for in Section 1(c), a determination that
indemnification is proper in the circumstances because that Indemnitee met the applicable standard
of conduct may also be made by the arbitrator in any arbitration proceeding in which such matter is
or was pending; and

                      (iv)   Unless otherwise agreed to in writing between an Indemnitee and the Corporation in any
specific case, indemnification may be made under Section 1(b) for amounts paid in settling or
otherwise disposing of a pending action without court approval.

4

 

     2.     Changes.

             In the event of any change, after the date of this Agreement, in any applicable law, statute,
or rule which expands the right of a Delaware corporation to indemnify a member of its board of
directors, its officers or its Agents, such changes shall automatically expand, without further
action of the parties, Indemnitee’s rights and the Corporation’s obligations under this Agreement.
In the event of any change in any applicable law, statute or rule which narrows a Delaware
corporation’s right to indemnify a member of its board of directors, its officers or its Agents,
such changes, to the extent not otherwise required by such law, statute or rule to be applied to
this Agreement, shall have no effect on this Agreement or the parties’ rights and obligations
hereunder. In the event of an amendment to the Corporation’s Bylaws which expands the right to
indemnify a member of its board of directors, its officers or its Agents, such change shall
automatically expand, without further action of the parties, Indemnitee’s rights and the
Corporation’s obligations under this Agreement. In the event of any amendment to the Corporation’s
Bylaws which narrows such right of a Delaware corporation to indemnify a member of its board of
directors, its officers or its Agents, such change shall only apply to the indemnification of
Indemnitee for acts committed, or lack of action, by Indemnitee after such amendment. The
Corporation agrees to give Indemnitee prompt written notice of amendments to the Corporation’s
Bylaws which concern indemnification.

     3.     Nonexclusivity.

             The indemnification provided by this Agreement shall not be deemed exclusive of any rights to
which Indemnitee may be entitled under the Corporation’s Certificate of Incorporation, its Bylaws,
any agreement, any vote of stockholders or disinterested Directors, the Delaware General
Corporation Law, or otherwise, both as to action in Indemnitee’s official capacity and as to action
in any other capacity while holding such office (an “Indemnified Capacity”). The indemnification
provided under this Agreement shall continue as to Indemnitee for any action taken or not taken
while serving in an Indemnified Capacity even though such Indemnitee may have ceased to serve in an
Indemnified Capacity at the time of any action, suit or other covered proceeding, and shall inure
to the benefit of the heirs, executors, and administrators of Indemnitee.

     4.     Partial Indemnification.

             If Indemnitee is entitled under any provision of this Agreement to indemnification by the
Corporation for some or a portion of the expenses, judgment, fines or penalties actually or
reasonably incurred by Indemnitee in the investigation, defense, appeal or settlement of any civil
or criminal action, suit or proceeding, but not, however, for the total amount thereof, the
Corporation shall nevertheless indemnify Indemnitee for the portion of such expenses, judgments,
fines or penalties to which Indemnitee is entitled pursuant to this Agreement.

     5.     Potential Limitations.

             Both the Corporation and Indemnitee acknowledge that in certain instances, Delaware state law
and federal banking laws and regulations, federal law or public policy may

5

 

override applicable state law and prohibit the Corporation from indemnifying its directors and
officers under this Agreement or otherwise. For example, the Corporation and Indemnitee
acknowledge that the federal regulators have taken the position that indemnification is not
permissible for liabilities arising under certain federal securities laws, and federal legislation
prohibits indemnification for certain ERISA violations. Indemnitee understands and acknowledges
that the Corporation has undertaken or may be required in the future to undertake with federal
regulators to submit questions of indemnification to a court in certain circumstances for a
determination of the Corporation’s right under public policy to indemnify Indemnitee. Furthermore,
Indemnitee and Corporation acknowledge that the extent of (i) indemnification permissible under
Section 145 of the Delaware General Corporation Law has not been judicially determined; therefore,
the enforceability of Indemnitee’s rights under Section 1(l) is uncertain; and (ii) advancement of
expenses and indemnification of Indemnitee in the event of a proceeding or action described in
Section 7(a) below, is also uncertain and may not be permissible or may be subject to applicable
regulatory restrictions.

     6.     Severability.

             Nothing in this Agreement is intended to require or shall be construed as requiring the
Corporation to do or fail to do any act in violation of applicable law. The Corporation’s
inability, pursuant to court order, to perform its obligations under this Agreement shall not
constitute a breach of the Agreement. If the application of any provision or provisions of the
Agreement to any particular facts or circumstances shall be held to be invalid or unenforceable by
any court of competent jurisdiction, then (i) the validity and enforceability of such provision or
provisions as applied to any other particular facts or circumstances and the validity of other
provisions of this Agreement shall not in any way be affected or impaired thereby and (ii) such
provision(s) shall be reformed without further action by the parties to make such provision(s)
valid and enforceable when applied to such facts and circumstances with a view toward requiring the
Corporation to indemnify Indemnitee to the fullest extent permissible by law.

     7.     Exceptions.

             Notwithstanding any other provision herein to the contrary, the Corporation shall not be
obligated pursuant to the terms of this Agreement:

             (a)     Regulatory Agency Proceedings. To indemnify Indemnitee for expenses, penalties or
other payments incurred in an administrative proceeding or action threatened or instituted by a
bank regulatory agency, which proceeding or action results in a final order imposing, injunctive or
similar relief or assessing civil money penalties or in any other resolution requiring or
preventing action by the Indemnitee; or

             (b)     Claims Initiated by Indemnitee. To indemnify or advance expenses to Indemnitee
with respect to proceedings or claims (except counter-claims or cross-claims) initiated or brought
voluntarily by Indemnitee and not by way of defense, except with respect to proceedings brought to
establish or enforce a right to indemnification under this Agreement or any other statute or law or
otherwise as required by the Delaware General Corporation Law, but

6

 

such indemnification or advancement of expenses may be provided by the Corporation in specific
cases if the Board of Directors finds it to be appropriate; or

             (c)     Lack of Good Faith. To indemnify Indemnitee for any expenses incurred by
Indemnitee with respect to any proceeding instituted by Indemnitee to enforce or interpret this
Agreement, if a majority of the Corporation’s directors or a court of competent jurisdiction
determines that the material assertions made by Indemnitee in such proceeding were not made in good
faith or was frivolous; or

             (d)     Insured Claims. To indemnify Indemnitee for expenses or liabilities of any type
whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes or penalties, and
amounts paid in settlement) which have been paid directly to Indemnitee by an insurance carrier
under a policy of officers’ and directors’ liability or other insurance maintained by the
Corporation; or

             (e)     Claims under Section 16(b). To indemnify Indemnitee for expenses or the payment
of profits arising from the purchase and sale by Indemnitee of securities in violation of Section
16(b) of the Securities Exchange Act of 1934, as amended, or any similar successor statute.

     8.     Counterparts.

             This Agreement may be executed in one or more counterparts, each of which shall constitute an
original.

     9.     Successors and Assigns.

             This Agreement shall be binding upon the Corporation and its successors and assigns, and shall
inure to the benefit of Indemnitee and Indemnitee’s estate, heirs, and legal representatives and
permitted assigns. Indemnitee may not assign this Agreement without the prior written consent of
the Corporation.

     10.   Attorneys’ Fees.

             In the event that any action is instituted by Indemnitee under this Agreement to enforce or
interpret any of the terms hereof, Indemnitee shall be entitled to be paid all court costs and
expenses, including reasonable attorneys’ and experts’ fees, incurred by Indemnitee with respect to
such action, unless as a part of such action, the court of competent jurisdiction determines that
each of the material assertions made by Indemnitee as a basis for such action were not made in good
faith or were frivolous. In the event of an action instituted by or in the name of the Corporation
under this Agreement or to enforce or interpret any of the terms of this Agreement, Indemnitee
shall be entitled to be paid all court costs and expenses, including attorneys’ fees, incurred by
Indemnitee in defense of such action (including with respect to Indemnitee’s counterclaims and
cross-claims made in such action), unless as a part of such action the court determines that each
of Indemnitee’s material defenses to such action were made in bad faith or were frivolous.

7

 

     11.     Notice.

               All notices, requests, demands and other communications under this Agreement shall be in
writing and shall be deemed duly given (i) if delivered by hand and signed for by the party
addressee, on the date of such receipt, or (ii) if mailed by certified or registered mail with
postage prepaid, on the third business day after the date postmarked. Addresses for notice to
either party are as shown on the signature page of this Agreement, or as subsequently modified by
written notice.

     12.     Section Headings.

               The Section headings in this Agreement are solely for convenience and shall not be considered
in its interpretation.

     13.     Waiver.

               A waiver by either party of any term or condition of the Agreement or any breach thereof, in
any one instance, shall not be deemed or construed to be a waiver of such term or condition or of
any subsequent breach thereof.

     14.     Entire Agreement; Amendment.

               This instrument contains the entire integrated Agreement between the parties hereto and
supersedes all prior negotiations, representations or agreements, whether written or oral except
for the Corporation’s Certificate of Incorporation and Bylaws. It may be amended only by a written
instrument signed by a duly authorized officer of Corporation and by Indemnitee.

     15.     Choice of Law.

               Except for that body of law governing choice of law, this Agreement shall be governed by, and
construed in accordance with, substantive laws of the State of Delaware which govern transactions
between Delaware residents.

     16.     Mediation/Arbitration.

               (a)     All disputes, claims or controversies arising out of or relating to this Agreement
(collectively, “Disputes”) shall be submitted to non-binding mediation by either party to an
impartial mediator, as agreed to by the parties, and appointed through JAMS in San Francisco,
California, for a good faith effort at resolution. The mediator shall review the Dispute within
thirty (30) days of submission or at such other time provided the parties so agree. Any mediation
fee shall be paid equally among the parties. Any Dispute which is not resolved through such
mandatory mediation shall be settled by final and binding arbitration before a single neutral
arbitrator of JAMS in accordance with the then current Commercial Arbitration Rules of the American
Arbitration Association in San Francisco, California. Judgment on the award rendered by the
arbitrator may be entered in any court in California. In the event that any

8

 

Dispute between Indemnitee and the Corporation should result in arbitration, the prevailing
party in the Dispute shall be entitled to recover from the other party all reasonable fees, costs
and expenses of enforcing any right of the prevailing party, including, without limitation,
reasonable attorneys’ fees, experts’ fees, and expenses. Each party agrees that the Dispute as
mediated and/or arbitrated and the final resolution of such Dispute shall be considered to be
confidential information, and shall be kept confidential by each party.

          (b)     Indemnitee specifically acknowledges and understands that by agreeing to this provision,
Indemnitee is waiving all rights to have his or her claims brought, investigated, and/or
adjudicated by an administrative agency, or heard before a judge or jury. Indemnitee also
understands that Indemnitee’s rights to discovery may be lesser or narrower in arbitration, that
there may be fees and costs associated with mediation and/or arbitration that Indemnitee may not
otherwise have, and that Indemnitee is waiving substantial time that Indemnitee might otherwise
have to make a claim, prepare his or her case, or investigate his or her claims. The claims
include claims of any kind relating to Indemnitee’s relationship with the Corporation, including
claims relating to compensation, discrimination, any benefits, status as an officer, director or
Agent of the Corporation, conflict of interest, or any other claim or dispute relating to or
arising out of Indemnitee’s relationship with the Corporation. The underlying Disputes shall be
fully and finally resolved through arbitration, including any right to permanent injunctive relief.

     17.     Consideration.

               Part of the consideration the Corporation is receiving from Indemnitee to enter into this
Agreement is Indemnitee’s agreement to serve or to continue to serve, as applicable, for the
present as an officer, director or Agent of the Corporation. Nothing in this Agreement shall
preclude Indemnitee from resigning as an officer, director or Agent of the Corporation nor the
Corporation, by action of its stockholders, board of directors, or officers, as the case may be,
from terminating Indemnitee’s services as an officer, director or Agent, as the case may be, with
or without cause.

[Remainder of page intentionally blank]

9

 

               IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above
written.

	 	 	 	 	 
	 
	INDEMNITEE:	 	 	
UCBH HOLDINGS, INC.
	 
	 	 	 	By	 
	Signature
 
 	 	 
	 	 	 	Printed Name and Title
	Printed Name
 
 
 
 

	 	 	 
	(address)	 	 	(address)

10

 

EXHIBIT A

UNDERTAKING TO REPAY ADVANCEMENT

OF EXPENSES

     A.     Indemnitee is or has been a director, officer, employee or other agent of UCBH HOLDINGS,
INC., a Delaware corporation (the “Corporation”); and

     B.     On account of such fact, Indemnitee was or is or is threatened to be made a party to the
proceeding described and designated hereinafter (the “Proceeding”); and

     C.     Indemnitee has requested that the Corporation advance to Indemnitee, prior to final
disposition of the Proceeding, Indemnitee’s costs and expenses incurred in defense of the
Proceeding; and

     D.     As a condition to advancement of such expenses, the Corporation has required that the
present undertaking be made by or on behalf of Indemnitee.

The undersigned herein undertakes as follows:

(1)     This undertaking is executed in accordance with and is subject to Section 145 of the Delaware
General Corporation Law, and that certain Indemnification Agreement between Indemnitee and the
Corporation dated
                 , and is subject to all provisions, including definitions of terms,
thereof.

(2)     Indemnitee was or is or is threatened to be made a party to the following proceeding:

          Name of Claimant or Title

          of
Action or Proceeding:                         
                             
                             
                             
                             
                               

1

 

	 	 	 	 	 
	 	Court or Agency
 
	 	(if any):	 
	 
 
	 	Date Filed Or Presented:	 	 
	 
 
	 	Status:	 
	 	 
 	 
	 	 
 	 
	 	 
	 	
Indemnitee’s Counsel:
	 	 
	 	 
 
	 	Nature and Amount
 
	 	of Claim:	 
	 	 
 	 
	 	 
 	 
	 	 
 	 

 

(3)     In consideration of the advancement by the Corporation of Indemnitee’s expenses incurred or to
be incurred in defense of the Proceeding, the undersigned hereby undertakes to repay all amounts
advanced by the Corporation on account of Indemnitee’s defense of the Proceeding, unless it shall
be determined ultimately that Indemnitee is entitled to be indemnified with respect to the
Proceeding in accordance with Section 145 of the Delaware General Corporation Law.

	 	 	 	 
	 
Date:	 	 	 
	 	 	 	(Signature of Indemnitee)
	 
 
	 	 	 	 
	 	 	 	(Printed Name of Indemnitee)

2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}]]