Document:

Credit Agreement, dated as of July 20, 2007

 Exhibit 10.2 
 EXECUTION COPY 
 CREDIT AGREEMENT 
 Dated as of July 20, 2007 
 Among 
 GREATER BAY BANCORP 
 as Borrower

 and 
 THE INITIAL
LENDERS NAMED HEREIN 
 as Initial Lenders 
 and 
 WELLS FARGO BANK, NATIONAL ASSOCIATION 
 as Agent, Sole Lead Arranger and Book Runner 

 Table of Contents 
  

					
	 	  	 	  	Page
	Article I
	DEFINITIONS AND ACCOUNTING TERMS
			
	Section 1.01.	  	Certain Defined Terms	  	1
	Section 1.02.	  	Computation of Time Periods	  	11
	Section 1.03.	  	Accounting Terms	  	11
	
	Article II
	AMOUNTS AND TERMS OF THE ADVANCES
			
	Section 2.01.	  	The Advances	  	11
	Section 2.02.	  	Making the Advances	  	12
	Section 2.03.	  	Fees	  	13
	Section 2.04.	  	Termination or Reduction of the Commitment	  	13
	Section 2.05.	  	Repayment	  	13
	Section 2.06.	  	Interest	  	13
	Section 2.07.	  	Interest Rate Determination	  	14
	Section 2.08.	  	Optional Conversion of Advances	  	15
	Section 2.09.	  	Prepayments	  	15
	Section 2.10.	  	Increased Costs	  	15
	Section 2.11.	  	Illegality	  	16
	Section 2.12.	  	Payments and Computations	  	16
	Section 2.13.	  	Taxes	  	17
	Section 2.14.	  	Sharing of Payments, Etc	  	19
	Section 2.15.	  	Use of Proceeds	  	19
	
	Article III
	CONDITIONS TO EFFECTIVENESS AND LENDING
			
	Section 3.01.	  	Conditions Precedent to Effectiveness of Section 2.01	  	20
	Section 3.02.	  	Conditions Precedent to Each Advance	  	21
	
	Article IV
	REPRESENTATIONS AND WARRANTIES
			
	Section 4.01.	  	Representations and Warranties of the Borrower	  	21
	
	Article V
	COVENANTS OF THE BORROWER
			
	Section 5.01.	  	Affirmative Covenants	  	23
	Section 5.02.	  	Negative Covenants	  	24
	Section 5.03.	  	Financial Covenants	  	27
	Section 5.04.	  	Reporting Requirements	  	28

  

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	Article VI
	EVENTS OF DEFAULT
			
	Section 6.01.	  	Events of Default	  	29
	
	Article VII
	THE AGENT
			
	Section 7.01.	  	Authorization and Action	  	31
	Section 7.02.	  	Agent’s Reliance, Etc	  	32
	Section 7.03.	  	Wells Fargo and Affiliates	  	32
	Section 7.04.	  	Lender Credit Decision	  	32
	Section 7.05.	  	Indemnification	  	33
	Section 7.06.	  	Successor Agent	  	33
	
	Article VIII
	MISCELLANEOUS
			
	Section 8.01.	  	Amendments, Etc	  	34
	Section 8.02.	  	Notices, Etc	  	34
	Section 8.03.	  	No Waiver; Remedies	  	35
	Section 8.04.	  	Costs and Expenses	  	35
	Section 8.05.	  	Right of Set off	  	36
	Section 8.06.	  	Binding Effect	  	37
	Section 8.07.	  	Assignments and Participations	  	37
	Section 8.08.	  	Confidentiality	  	39
	Section 8.09.	  	Governing Law	  	39
	Section 8.10.	  	Patriot Act	  	39
	Section 8.11.	  	Execution in Counterparts	  	40
	Section 8.12.	  	Jurisdiction, Etc	  	40
	Section 8.13.	  	Waiver of Jury Trial	  	40

  

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 Schedules 
 Schedule
1—List of Applicable Lending Offices 
 Schedule 5.02(e)—Existing Debt 
 Exhibits 
 Exhibit A—Form of Promissory Note 
 Exhibit B—Form of Notice of Borrowing 
 Exhibit C—Form of Assignment and Acceptance 
 Exhibit D—Form of Opinion of General Counsel for the Borrower 
  

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 CREDIT AGREEMENT 
 CREDIT AGREEMENT, dated as of July 20, 2007 (this “Agreement”), among GREATER BAY BANCORP, a California corporation (the “Borrower”), the banks and financial institutions (the
“Initial Lenders”) listed on the signature pages hereof, and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Wells Fargo”), as agent, sole lead arranger and book runner (the “Agent”) for the Lenders (as
hereinafter defined). 
 PRELIMINARY STATEMENTS: 
 (1) The Borrower has requested that the Lenders provide a senior credit facility of $125,000,000 for the general corporate purpose needs of the Borrower, including acquisitions. 
 (2) The Lenders have agreed to lend such amounts on the terms and conditions of this Agreement. 
 NOW THEREFORE in consideration of the premises and for the mutual covenants and agreements contained herein, the parties hereto hereby agree as follows:

 ARTICLE I 
 DEFINITIONS AND
ACCOUNTING TERMS 
 Section 1.01. Certain Defined Terms. As used in this Agreement, the following terms shall have the following
meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined): 
 “Advance” means an advance by a Lender to the Borrower pursuant to Article II, and refers to a Base Rate Advance or a Eurodollar Rate Advance (each of which shall be a “Type” of Advance). 
 “Affiliate” means, as to any Person, any other Person that, directly or indirectly, controls, is controlled by or is
under common control with such Person or is a director or officer of such Person. For purposes of this definition, the term “control” (including the terms “controlling”, “controlled by” and “under common control
with”) of a Person means the possession, direct or indirect, of the power to vote 5% or more of the Voting Stock of such Person or to direct or cause the direction of the management and policies of such Person, whether through the ownership of
Voting Stock, by contract or otherwise. 
 “Applicable Lending Office” means, with respect to each Lender,
such Lender’s Domestic Lending Office in the case of a Base Rate Advance and such Lender’s Eurodollar Lending Office in the case of a Eurodollar Rate Advance. 
 “Applicable Margin” means the percentage per annum determined by Performance Level I during the period from the date
hereof to January 1, 2008 and, as of any date thereafter, a percentage per annum determined by reference to the applicable Performance Level as set forth below: 
  

							
	 Performance Level
	  	Applicable Margin
for Base Rate
Advances	 	 	Applicable Margin
for Eurodollar Rate
Advances	 
	 Level I
	  	0.00	%	 	0.500	%
	 Level II
	  	0.00	%	 	0.625	%
	 Level III
	  	0.00	%	 	0.750	%
	 Level IV
	  	0.125	%	 	1.125	%
	 Level V
	  	0.375	%	 	1.375	%

 “Assignment and Acceptance” means an assignment and acceptance entered
into by a Lender and an Eligible Assignee, and accepted by the Agent, in substantially the form of Exhibit C hereto. 
 “Availability Period” means the period from the Effective Date to the earlier of (a) the second anniversary of the Effective Date and (b) the effective date of the Merger. 
 “Bank Subsidiary” means any direct or indirect Subsidiary of the Borrower, which is a bank or thrift institution,
including, without limitation, Greater Bay Bank, N.A. and any bank or thrift institution subsequently becoming a direct or indirect Subsidiary of the Borrower. 
 “Base Rate” means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all
times be equal to the highest of: 
 (a) the rate of interest announced by Wells Fargo, from time to time, as Wells Fargo’s prime rate,
which the parties acknowledge is not necessarily the lowest rate charged by Wells Fargo to its customers; 
 (b) 1/2 of one
percent per annum above the Federal Funds Rate. 
 “Base Rate Advance” means an Advance that bears interest
as provided in Section 2.06(a)(i). 
 “Borrowing” means a borrowing consisting of Advances of the same
Type made on the same day by the Lenders. 
 “Business Day” means a day of the year on which banks are not
required or authorized by law to close in San Francisco, California, Chicago, Illinois, and, if the applicable Business Day relates to any Eurodollar Rate Advances, on which dealings are carried on in the London interbank market. 
 “Call Report” shall mean the Consolidated Reports of Condition and Income (FFIEC Form 031 or 041 or any successor form of
the Federal Financial Institutions Examination Council). 
 “Change of Control” means the occurrence of any
of the following: (a) any Person or two or more Persons acting in concert shall have acquired beneficial ownership 

  

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(within the meaning of Rule 13d 3 of the Securities and Exchange Commission under the Securities Exchange Act of 1934), directly or indirectly, of voting
interests of the Borrower (or other securities convertible into such voting interests) representing 35% or more of the combined voting power of all voting interests of the Borrower; or (b) during any period of up to 24 consecutive months,
commencing on or after the date of this Agreement, individuals who at the beginning of such 24 month period were directors of the Borrower (or who were either appointed by a majority of such directors or elected by the Borrower’s shareholders
upon the recommendation of a majority of such directors) shall cease for any reason to constitute a majority of the board of directors of the Borrower; or (c) any Person or two or more Persons acting in concert shall have acquired by contract
or otherwise, or shall have entered into a contract or arrangement that, upon consummation, will result in its or their acquisition of the power to exercise, directly or indirectly, a controlling influence over the management or policies of the
Borrower. 
 “Commitment” has the meaning specified in Section 2.01. 
 “Confidential Information” means information designated as confidential that the Borrower furnishes to the Agent or any
Lender in a writing but does not include any such information that is or becomes generally available to the public or that is or becomes available to the Agent or such Lender from a source other than the Borrower. 
 “Consolidated” refers to the consolidation of accounts in accordance with GAAP. 
 “Convert”, “Conversion” and “Converted” each refers to a conversion of Advances of one
Type into Advances of the other Type pursuant to Section 2.07 or 2.08. 
 “Debt” of any Person means,
without duplication, (a) all indebtedness of such Person for borrowed money, (b) all obligations of such Person for the deferred purchase price of property or services (other than trade payables not overdue by more than 60 days incurred in
the ordinary course of such Person’s business), (c) all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments, (d) all obligations of such Person created or arising under any conditional sale or
other title retention agreement with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such property),
(e) all obligations of such Person as lessee under leases that have been or should be, in accordance with GAAP, recorded as capital leases, (f) all obligations, contingent or otherwise, of such Person in respect of acceptances, letters of
credit or similar extensions of credit, (g) all obligations of such Person in respect of Hedge Agreements, (h) all Debt of others referred to in clauses (a) through (g) above or clause (i) below and other payment obligations
(collectively, “Guaranteed Debt”) guaranteed directly or indirectly in any manner by such Person and (i) all Debt referred to in clauses (a) through (h) above (including Guaranteed Debt) secured by (or for which the
holder of such Debt has an existing right, contingent or otherwise, to be secured by) any Lien on property (including, without limitation, accounts and contract rights) owned by such Person, even though such Person has not assumed or become liable
for the payment of such Debt. 
  

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 “Default” means any Event of Default or any event that would constitute
an Event of Default but for the requirement that notice be given or time elapse or both. 
 “Domestic Lending
Office” means, with respect to any Lender, the office of such Lender specified as its “Domestic Lending Office” opposite its name on Schedule I hereto or in the Assignment and Acceptance pursuant to which it became a Lender, or
such other office of such Lender as such Lender may from time to time specify to the Borrower and the Agent. 
 “Effective Date” has the meaning specified in Section 3.01. 
 “Eligible
Assignee” means (i) (a) a commercial bank organized under the laws of the United States or any state thereof; (b) a savings and loan association or savings bank organized under the laws of the United States or any state
thereof; (c) a commercial bank organized under the laws of any other country or a political subdivision thereof; provided that (1) such bank is acting through a branch or agency located in the United States or (2) such bank is
organized under the laws of a country that is a member of the Organization for Economic Cooperation and Development or a political subdivision of such country; and (d) any other Person which is an “accredited investor” (as defined in
Regulation D under the Securities Act, 1933) which extends credit or buys loans as one of its businesses, including insurance companies, investment funds, mutual funds and lease financing companies; and (ii) any Lender, and any Affiliate of any
Lender or, with respect to any Lender that is a fund that invests in loans, any other fund that invests in loans and is advised or managed by the same investment advisor as such Lender or by an Affiliate of such Lender. 
 “Equity Interest” means, with respect to any Person, shares of capital stock of (or other ownership or profit interests
in) such Person, warrants, options or other rights for the purchase or other acquisition from such Person of shares of capital stock of (or other ownership or profit interests in) such Person, securities convertible into or exchangeable for shares
of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or other acquisition from such Person of such shares (or such other interests), and other ownership or profit interests in
such Person (including, without limitation, partnership, member or trust interests therein, whether voting or non-voting). 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations promulgated and rulings issued thereunder. 
 “ERISA Affiliate” means any Person that for purposes of Title IV of ERISA is a member of the Borrower’s controlled
group, or under common control with the Borrower, within the meaning of Section 414 of the Internal Revenue Code. 
 “ERISA Event” means (a) (i) the occurrence of a reportable event, within the meaning of Section 4043 of ERISA, with respect to any Plan unless the 30 day notice requirement with respect to such event has been
waived by the PBGC, or (ii) the 

  

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requirements of subsection (1) of Section 4043(b) of ERISA (without regard to subsection (2) of such Section) are met with respect to a
contributing sponsor, as defined in Section 4001(a)(13) of ERISA, of a Plan, and an event described in paragraph (9), (10), (11), (12) or (13) of Section 4043(c) of ERISA is reasonably expected to occur with respect to such Plan
within the following 30 days; (b) the application for a minimum funding waiver with respect to a Plan; (c) the provision by the administrator of any Plan of a notice of intent to terminate such Plan pursuant to Section 4041(a)(2) of
ERISA (including any such notice with respect to a plan amendment referred to in Section 4041(e) of ERISA); (d) the cessation of operations at a facility of the Borrower or any ERISA Affiliate in the circumstances described in
Section 4062(e) of ERISA; (e) the withdrawal by the Borrower or any ERISA Affiliate from a Multiple Employer Plan during a plan year for which it was a substantial employer, as defined in Section 4001(a)(2) of ERISA; (f) the
conditions for the imposition of a lien under Section 302(f) of ERISA shall have been met with respect to any Plan; (g) the adoption of an amendment to a Plan requiring the provision of security to such Plan pursuant to Section 307 of
ERISA; or (h) the institution by the PBGC of proceedings to terminate a Plan pursuant to Section 4042 of ERISA, or the occurrence of any event or condition described in Section 4042 of ERISA that constitutes grounds for the
termination of, or the appointment of a trustee to administer, a Plan. 
 “Eurocurrency Liabilities” has the
meaning assigned to that term in Regulation D of the Board of Governors of the Federal Reserve System, as in effect from time to time. 
 “Eurodollar Lending Office” means, with respect to any Lender, the office of such Lender specified as its “Eurodollar Lending Office” opposite its name on Schedule I hereto or in the
Assignment and Acceptance pursuant to which it became a Lender (or, if no such office is specified, its Domestic Lending Office), or such other office of such Lender as such Lender may from time to time specify to the Borrower and the Agent.

 “Eurodollar Rate” means the annual rate equal to the sum of (i) the rate obtained by dividing
(a) the rate (rounded up to the nearest 1/16 of 1%) determined by the Agent as of 11:00 a.m. London, England time on the second Eurodollar Business Day prior to the date such rate is to become effective to be the average rate at which U.S.
dollar deposits are offered or available to banks in the London interbank market for funds to be made available on the first day of any Interest Period in an amount approximately equal to the amount for which a Eurodollar Rate quotation has been
requested and maturing at the end of such Interest Period, by (b) a percentage equal to 100% minus the Federal Reserve System reserve requirement (expressed as a percentage) applicable to such deposits, and (ii) the Applicable Margin. In
making such determination, the Agent shall utilize Reuters Screen LIBOR01 Page under the heading “British Bankers Association LIBOR rates” in the column designated “USD,” as published by Bridge Information Systems, Inc., or such
other comparable source as may be available to the Agent in the event such page is no longer published or readily available. 
 “Eurodollar Rate Advance” means an Advance that bears interest as provided in Section 2.06(a)(ii). 
  

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 “Eurodollar Rate Reserve Percentage” for any Interest Period for all
Eurodollar Rate Advances comprising part of the same Borrowing means the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board of Governors of the Federal
Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in San Francisco
with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on Eurodollar Rate Advances is determined)
having a term equal to such Interest Period. 
 “Events of Default” has the meaning specified in
Section 6.01. 
 “Existing Credit Agreement” means the 3-Year Revolving Credit Agreement dated as of
March 14, 2005 among the Borrower, the lenders party thereto and Wells Fargo, as administrative agent, in which such lenders had an initial aggregate commitment of $60,000,000 but prior to the Effective Date such commitment was reduced to
$30,000,000. 
 “FDIC” means the Federal Deposit Insurance Corporation. 
 “FFIEC” means the Federal Financial Institutions Examination Council. 
 “Federal Funds Rate” means, for any period, a fluctuating interest rate per annum equal for each day during such period
to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding
Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received by the Agent from three Federal funds brokers of
recognized standing selected by it. 
 “FR Report Y-9C” shall mean the “Consolidated Financial
Statements for Bank Holding Companies- FR Y-9C” submitted by the Borrower as required by Section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844) and Section 225.5(b) of Regulation Y (12CFR225.(b)), or any successor or similar
replacement report. 
 “FR Report Y-9LP” shall mean the “Parent Company Only Financial Statements for
Large Bank Holding Companies- FR Y-LP” submitted by Borrower as required by Section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844) and Section 225.5(b) of Regulation Y (12 CFR 225.(b)), or any successor or similar replacement
report. 
 “GAAP” has the meaning specified in Section 1.03. 
 “Hedge Agreements” means interest rate swap, cap or collar agreements, interest rate future or option contracts, currency
swap agreements, currency future or option contracts and other similar agreements. 
  

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 “Interest Period” means, for each Eurodollar Rate Advance comprising a
part of the Borrowing, the period commencing on the date of such Eurodollar Rate Advance or the date of the Conversion of any Base Rate Advance into such Eurodollar Rate Advance and ending on the last day of the period selected by the Borrower
pursuant to the provisions below and, thereafter, each subsequent period commencing on the last day of the immediately preceding Interest Period and ending on the last day of the period selected by the Borrower pursuant to the provisions below. The
duration of each such Interest Period shall be one, two, three or six months, as the Borrower may, upon notice received by the Agent not later than 11:00 A.M. (San Francisco time) on the third Business Day prior to the first day of such Interest
Period, select; provided, however, that: 
 (i) the Borrower may not select any Interest Period that ends after
the Termination Date; 
 (ii) Interest Periods commencing on the same date for Eurodollar Rate Advances comprising part of the
same Borrowing shall be of the same duration; 
 (iii) whenever the last day of any Interest Period would otherwise occur on a
day other than a Business Day, the last day of such Interest Period shall be extended to occur on the next succeeding Business Day, provided, however, that, if such extension would cause the last day of such Interest Period to occur in
the next following calendar month, the last day of such Interest Period shall occur on the next preceding Business Day; and 
 (iv) whenever the first day of any Interest Period occurs on a day of an initial calendar month for which there is no numerically corresponding day in the calendar month that succeeds such initial calendar month by the number of months
equal to the number of months in such Interest Period, such Interest Period shall end on the last Business Day of such succeeding calendar month. 
 “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended from time to time, and the regulations promulgated and rulings issued thereunder. 
 “Investment” in any Person means any loan or advance to such Person, any purchase or other acquisition of any Equity
Interests or Debt or the assets comprising a division or business unit or a substantial part or all of the business of such Person, any capital contribution to such Person or any other direct or indirect investment in such Person, including, without
limitation, any acquisition by way of a merger or consolidation (or similar transaction) and any arrangement pursuant to which the investor incurs Debt of the types referred to in clause (h) or (i) of the definition of
“Debt” in respect of such Person. 
 “Lenders” means the Initial Lenders and each
Person that shall become a party hereto pursuant to Section 8.07. 
 “Lien” means any lien, security
interest or other charge or encumbrance of any kind, or any other type of preferential arrangement, including, without limitation, the lien or retained security title of a conditional vendor and any easement, right of way or other encumbrance on
title to real property. 
  

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 “Loan Documents” means this Agreement and the Notes. 
 “Material Adverse Change” means any material adverse change in the business, condition (financial or otherwise),
operations, performance, properties or prospects of the Borrower or the Borrower and its Subsidiaries taken as a whole. 
 “Material Adverse Effect” means a material adverse effect on (a) the business, condition (financial or otherwise), operations, performance, properties or prospects of the Borrower or the Borrower and its Subsidiaries
taken as a whole, (b) the rights and remedies of the Agent or any Lender under this Agreement or any Note or (c) the ability of the Borrower to perform its obligations under this Agreement or any Note. 
 “Merger” means the merger of the Borrower with the Agent (or an Affiliate thereof). 
 “Moody’s” means Moody’s Investors Service, Inc. 
 “Multiemployer Plan” means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which the Borrower or
any ERISA Affiliate is making or accruing an obligation to make contributions, or has within any of the preceding five plan years made or accrued an obligation to make contributions. 
 “Multiple Employer Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that (a) is
maintained for employees of the Borrower or any ERISA Affiliate and at least one Person other than the Borrower and the ERISA Affiliates or (b) was so maintained and in respect of which the Borrower or any ERISA Affiliate could have liability
under Section 4064 or 4069 of ERISA in the event such plan has been or were to be terminated. 
 “Net
Income” has the meaning assigned to such term by GAAP, without reference to extraordinary items or adjustments caused solely by changes in applicable accounting principles. 
 “Non-Performing Assets” means the sum of (i) all loans classified as past due 90 days or more and still accruing
interest; (ii) all loans classified as “non-accrual” and no longer accruing interest; (iii) all loans classified as “restructured loans and leases”; (iv) without duplication, property acquired by repossession or
foreclosure and property acquired pursuant to in-substance foreclosure, and (v) all other “Non-Performing Assets,” as reported in the then most recent call report of the relevant entity. 
 “Note” means a promissory note of the Borrower payable to the order of any Lender, in substantially the form of Exhibit A
hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Advances made by such Lender. 
  

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 “Notice of Borrowing” has the meaning specified in Section 2.02.

 “PBGC” means the Pension Benefit Guaranty Corporation (or any successor). 
 “Performance Level” means Performance Level I, Performance Level II, Performance Level III, Performance Level IV and
Performance Level V as identified by reference to the Public Debt Rating as set forth below: 
  

			
	 Performance Level
	  	 Public Debt Rating

	 Level I
	  	Long-Term Senior Unsecured Debt of the Borrower Rated at least BBB+ by Standard & Poor’s or Baa1 by Moody’s
		
	 Level II
	  	Long-Term Senior Unsecured Debt of the Borrower Rated less than Level I but at least BBB by Standard & Poor’s or Baa2 by Moody’s
		
	 Level III
	  	Long-Term Senior Unsecured Debt of the Borrower Rated less than Level II but at least BBB- by Standard & Poor’s and Baa3 by
Moody’s
		
	 Level IV
	  	Long-Term Senior Unsecured Debt of the Borrower Rated less than Level III but at least BB+ by Standard & Poor’s and Ba1 by Moody’s
		
	 Level V
	  	Long-Term Senior Unsecured Debt of the Borrower Rated equal to or less than BB by Standard & Poor’s or Ba2 by Moody’s

 For the purposes of this definition, the public debt ratings above shall be
determined by the lowest rating that has been most recently announced by either S&P or Moody’s, as the case may be, for any class of non-credit enhanced long term senior unsecured debt issued by the Borrower. For purposes of the foregoing,
(a) if only one of S&P and Moody’s shall have in effect a Public Debt Rating, the Applicable Margin shall be determined by reference to the available rating; (b) if neither S&P nor Moody’s shall have in effect a Public
Debt Rating, the Applicable Margin will be set in accordance with Level V under the definition of “Applicable Margin”; (c) if the ratings established by S&P and Moody’s shall fall within different levels, the
Applicable Margin shall be based upon the higher rating, except that, if the rating established by S&P differs by two or more levels from the rating established by Moody’s, the Applicable Margin shall be based upon the rating which is one
level below the higher of those two levels; (d) if any rating established by S&P or Moody’s shall be changed, such change shall be effective as of the fifth day after such change is first announced publicly by the rating agency making
such change; and (e) if S&P or Moody’s shall change the basis on which ratings are established, each reference to the Public Debt Rating announced by S&P or Moody’s, as the case may be, shall refer to the then equivalent
rating by S&P or Moody’s, as the case may be. 
 “Permitted Liens” means such of the following as to
which no enforcement, collection, execution, levy or foreclosure proceeding shall have been commenced: (a)

  

 9 

 
Liens for taxes, assessments and governmental charges or levies to the extent not required to be paid under Section 5.01(b) hereof; (b) Liens
imposed by law, such as materialmen’s, mechanics’, carriers’, workmen’s and repairmen’s Liens and other similar Liens arising in the ordinary course of business securing obligations that are not overdue for a period of more
than 30 days; (c) pledges or deposits to secure obligations under workers’ compensation laws or similar legislation or to secure public or statutory obligations; and (d) easements, rights of way and other encumbrances on title to real
property that do not render title to the property encumbered thereby unmarketable or materially adversely affect the use of such property for its present purposes. 
 “Person” means an individual, partnership, corporation (including a business trust), limited liability company, joint
stock company, trust, unincorporated association, joint venture or other entity, or a government or any political subdivision or agency thereof. 
 “Plan” means a Single Employer Plan or a Multiple Employer Plan. 
 “Primary Capital” shall mean shareholder equity in accordance with GAAP plus Allowance for Loan and Lease Losses. 
 “Register” has the meaning specified in Section 8.07(c). 
 “Required Lenders” means (a) at any time that three or less Lenders have Commitments hereunder, all Lenders, and (b) at any time that four or more Lenders have Commitments hereunder, Lenders owed at least 67% of
the then aggregate unpaid principal amount of the Advances owing to Lenders, or, if no such principal amount is then outstanding, Lenders having at least 67% of the total Commitments. 
 “Return on Assets” of a Person means the percentage determined by dividing the Net Income of such Person for the four
calendar quarters immediately preceding the date of determination by its total average assets for such period and, for any determinations prior to the second anniversary of the Effective Date, exclusive of non-recurring, non-cash charges, and for
any determination thereafter, inclusive of such charges. The total average assets of a Person shall be as reported in its most recent quarterly financial statements or, in the case of a Bank Subsidiary, in its most recent quarterly call report.

 “S&P” means Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. 

“Single Employer Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that (a) is
maintained for employees of the Borrower or any ERISA Affiliate and no Person other than the Borrower and the ERISA Affiliates or (b) was so maintained and in respect of which the Borrower or any ERISA Affiliate could have liability under
Section 4069 of ERISA in the event such plan has been or were to be terminated. 
 “Subsidiary” of any
Person means any corporation, partnership, joint venture, limited liability company, trust or estate of which (or in which) more than 50% of (a) the 

  

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issued and outstanding capital stock having ordinary voting power to elect a majority of the Board of Directors of such corporation (irrespective of whether
at the time capital stock of any other class or classes of such corporation shall or might have voting power upon the occurrence of any contingency), (b) the interest in the capital or profits of such limited liability company, partnership or
joint venture or (c) the beneficial interest in such trust or estate is at the time directly or indirectly owned or controlled by such Person, by such Person and one or more of its other Subsidiaries or by one or more of such Person’s
other Subsidiaries. 
 “Subsidiary Bank” shall mean any Person which is an “insured depository
institution” within the meaning of 12 U.S.C. §1813(c) as amended, and which is “controlled” by the Borrower within the meaning of 12 U.S.C. §1841 (a), as amended. 
 “Termination Date” means the earliest of (a) June 30, 2012, (b) the effective date of the Merger and
(c) the date of termination in whole of the Commitments pursuant to Section 2.04 or 6.01. 
 “Trust
Preferred Securities” means the junior subordinated deferrable interest debentures of the Borrower delivered in connection with trust preferred securities issued by each of GBB Capital II, GBB Capital III, GBB Capital IV, GBB Capital VI and
GBB Capital VIII. 
 “Voting Stock” means capital stock issued by a corporation, or equivalent interests in
any other Person, the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even if the right so to vote has been suspended by the
happening of such a contingency. 
 “Wells Fargo” has the meaning given such term in the recital of parties
to this Agreement. 
 Section 1.02. Computation of Time Periods. In this Agreement in the computation of periods of time from a
specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each mean “to but excluding”. 
 Section 1.03. Accounting Terms. All accounting terms not specifically defined herein shall be construed in accordance with generally accepted
accounting principles consistent with those applied in the preparation of the financial statements referred to in Section 4.01(e) (“GAAP”). 
 ARTICLE II 
 AMOUNTS AND TERMS OF THE ADVANCES 
 Section 2.01. The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower
from time to time on any Business Day during the Availability Period in an aggregate amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1 hereto (as amended from time to time) or, if 

  

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such Lender has entered into any Assignment and Acceptance, set forth for such Lender in the Register maintained by Agent pursuant to Section 8.07(c),
as such amount may be reduced pursuant to Section 2.04 (such Lender’s “Commitment”). Each Borrowing shall be in a minimum amount of $1,000,000 or an integral multiple of $500,000 in excess thereof and shall consist of
Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to
Section 2.09 and reborrow under this Section 2.01. 
 Section 2.02. Making the Advances. (a) Each Borrowing shall
be made on notice, given not later than 11:00 A.M. (San Francisco time) on the third Business Day prior to the date of the proposed Borrowing in the case of a Borrowing consisting of Eurodollar Rate Advances, or the first Business Day prior to the
date of the proposed Borrowing in the case of a Borrowing consisting of Base Rate Advances, by the Borrower to the Agent which shall give to each Lender prompt notice thereof by telecopier. Each such notice of a Borrowing (a “Notice of
Borrowing”) shall be by telephone, confirmed immediately in writing or by telecopier, in substantially the form of Exhibit B hereto, specifying therein the requested (i) date of such Borrowing, (ii) Type of Advances comprising
such Borrowing (iii) aggregate amount of such Borrowing, and (iv) in the case of a Borrowing consisting of Eurodollar Rate Advances, initial Interest Period for each such Advance. Each Lender shall, before 11:00 A.M. (San Francisco time)
on the date of such Borrowing, make available for the account of its Applicable Lending Office to the Agent at the Agent’s Account, in same day funds, such Lender’s ratable portion of such Borrowing. After the Agent’s receipt of such
funds and upon fulfillment of the applicable conditions set forth in Article III, the Agent will make such funds available to the Borrower at the Agent’s address referred to in Section 8.02. 
 (b) Anything in subsection (a) above to the contrary notwithstanding, (i) the Borrower may not select Eurodollar Rate Advances for any
Borrowing if the aggregate amount of such Borrowing is less than $5,000,000 or if the obligation of the Lenders to make Eurodollar Rate Advances shall then be suspended pursuant to Section 2.07 or 2.11 and (ii) there may not be more than
ten separate Borrowings. 
 (c) Each Notice of Borrowing shall be irrevocable and binding on the Borrower. In the case of any Borrowing that
the related Notice of Borrowing specifies is to be comprised of Eurodollar Rate Advances, the Borrower shall indemnify each Lender against any loss, cost or expense incurred by such Lender as a result of any failure to fulfill on or before the date
specified in such Notice of Borrowing for such Borrowing the applicable conditions set forth in Article III, including, without limitation, any loss (including loss of anticipated profits), cost or expense incurred by reason of the liquidation
or reemployment of deposits or other funds acquired by such Lender to fund the Advance to be made by such Lender as part of such Borrowing when such Advance, as a result of such failure, is not made on such date. 
 (d) Unless the Agent shall have received notice from a Lender prior to the date of any Borrowing that such Lender will not make available to the Agent
such Lender’s ratable portion of such Borrowing, the Agent may assume that such Lender has made such portion available to the Agent on the date of such Borrowing in accordance with subsection (a) of this Section 2.02 and the Agent
may, in reliance upon such assumption, make available to the 

  

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Borrower on such date a corresponding amount. If and to the extent that such Lender shall not have so made such ratable portion available to the Agent, such
Lender and the Borrower severally agree to repay to the Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to the Borrower until the date such amount is repaid
to the Agent, at (i) in the case of the Borrower, the interest rate applicable at the time to Advances comprising such Borrowing and (ii) in the case of such Lender, the Federal Funds Rate. If such Lender shall repay to the Agent such
corresponding amount, such amount so repaid shall constitute such Lender’s Advance as part of such Borrowing for purposes of this Agreement. 
 (e) The failure of any Lender to make the Advance to be made by it as part of any Borrowing shall not relieve any other Lender of its obligation, if any, hereunder to make its Advance on the date of such Borrowing, but no Lender shall be
responsible for the failure of any other Lender to make the Advance to be made by such other Lender on the date of any Borrowing. 
 Section 2.03. Fees. Upfront Fee. On the Effective Date, the Borrower shall pay to the Agent a fee equal to 0.125% of the aggregate Commitment of the Lenders. 
 Section 2.04. Termination or Reduction of the Commitment. The Borrower shall have the right, upon at least one Business Day’s notice to
the Agent, to terminate in whole or permanently reduce ratably in part the unused portions of the Commitment of the Lenders, provided that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $500,000 in
excess thereof. 
 Section 2.05. Repayment. The Borrower shall repay to the Agent for the ratable account of the Lenders the
aggregate outstanding principal amount of the Advances in 12 quarterly consecutive installments, on the last day of March, June, September and December, commencing on September 30, 2009, each of the first 11 of such installments shall be in an
amount equal to 1/20 of the aggregate outstanding principal amount of the Advances on September 30, 2009 with the unpaid aggregate principal amount of the Advances payable in full on June 30, 2012, and with each such payment to include all
accrued interest on the Advances. 
 Section 2.06. Interest. (a) Scheduled Interest. The Borrower shall pay interest
on the unpaid principal amount of each Advance owing to each Lender from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum: 
 (i) Base Rate Advances. During such periods as such Advance is a Base Rate Advance, a rate per annum equal at all times to the sum
of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin in effect from time to time, payable in arrears quarterly on the first day of each March, June, September and December and on the date such Base Rate
Advance shall be Converted or paid in full. 
 (ii) Eurodollar Rate Advances. During such periods as such Advance is a
Eurodollar Rate Advance, a rate per annum equal at all times during each Interest Period for such Advance to the sum of (x) the Eurodollar Rate for such Interest Period for such Advance plus (y) the Applicable Margin in effect from
time to time, payable in arrears on 

  

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the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest
Period every three months from the first day of such Interest Period and on the date such Eurodollar Rate Advance shall be Converted or paid in full. 
 (b) Default Interest. Upon the occurrence and during the continuance of an Event of Default, the Agent may, and upon the request of the Required Lenders shall require the Borrower to pay interest
(“Default Interest”) on (i) the unpaid principal amount of each Advance owing to each Lender, payable in arrears on the dates referred to in clause (a)(i) or (a)(ii) above, at a rate per annum equal at all times to 4% per
annum above the rate per annum required to be paid on such Advance pursuant to clause (a)(i) or (a)(ii) above and (ii) to the fullest extent permitted by law, the amount of any interest, fee or other amount payable hereunder that is not paid
when due, from the date such amount shall be due until such amount shall be paid in full, payable in arrears on the date such amount shall be paid in full and on demand, at a rate per annum equal at all times to 4% per annum above the rate per
annum required to be paid on Base Rate Advances pursuant to clause (a)(i) above; provided, however, that following acceleration of the Advances pursuant to Section 6.01, Default Interest shall accrue and be payable hereunder whether or not
previously required by the Agent. 
 Section 2.07. Interest Rate Determination. (a) The Agent shall give prompt notice to
the Borrower and the Lenders of the applicable interest rate determined by the Agent for purposes of Section 2.06(a)(i) or (ii). 
 (b)
If, with respect to any Eurodollar Rate Advances, the Required Lenders notify the Agent that the Eurodollar Rate for any Interest Period for such Advances will not adequately reflect the cost to such Required Lenders of making, funding or
maintaining their respective Eurodollar Rate Advances for such Interest Period, the Agent shall forthwith so notify the Borrower and the Lenders, whereupon (i) each Eurodollar Rate Advance will automatically, on the last day of the then
existing Interest Period therefor, Convert into a Base Rate Advance, and (ii) the obligation of the Lenders to make, or to Convert Advances into, Eurodollar Rate Advances shall be suspended until the Agent shall notify the Borrower and the
Lenders that the circumstances causing such suspension no longer exist. 
 (c) If the Borrower shall fail to select the duration of any
Interest Period for any Eurodollar Rate Advances in accordance with the provisions contained in the definition of “Interest Period” in Section 1.01, the Agent will forthwith so notify the Borrower and the Lenders and such Advances
will automatically, on the last day of the then existing Interest Period therefor, Convert into Base Rate Advances. 
 (d) On the date on
which the aggregate unpaid principal amount of Eurodollar Rate Advances comprising any Borrowing shall be reduced, by payment or prepayment or otherwise, to less than $5,000,000, such Advances shall automatically Convert into Base Rate Advances.

 (e) Upon the occurrence and during the continuance of any Event of Default (i) each Eurodollar Rate Advance will automatically, on
the last day of the then existing Interest Period therefor, Convert into a Base Rate Advance and (ii) the obligation of the Lenders to make, or to Convert Advances into, Eurodollar Rate Advances shall be suspended. 
  

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 Section 2.08. Optional Conversion of Advances. The Borrower may on any Business Day, upon
notice given to the Agent not later than 11:00 A.M. (San Francisco time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.07 and 2.11, Convert all Advances of one Type comprising
the same Borrowing into Advances of the other Type; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion
of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under
Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate
Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower. 
 Section 2.09. Prepayments. (a) Optional. The Borrower may, upon at least one Business Day’s (or, in the case of Advances consisting of Eurodollar Rate Advances, three Business Days’)
notice to the Agent, stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole
or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of $5,000,000 or an integral
multiple of $500,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c). 
 (b) Mandatory. On the effective date of the Merger, the Borrower shall pay the principal amount of all unpaid Advances, all accrued interest
thereon and all other amounts owing under the Loan Documents. 
 Section 2.10. Increased Costs. (a) If, due to either
(i) the introduction of or any change in or in the interpretation of any law or regulation or (ii) the compliance with any guideline or request from any central bank or other governmental authority (whether or not having the force of law),
there shall be any increase in the cost to any Lender of agreeing to make or making, funding or maintaining Eurodollar Rate Advances (excluding for purposes of this Section 2.10 any such increased costs resulting from (i) Taxes or Other
Taxes (as to which Section 2.13 shall govern) and (ii) changes in the basis of taxation of overall net income or overall gross income by the United States or by the foreign jurisdiction or state under the laws of which such Lender is
organized or has its Applicable Lending Office or any political subdivision thereof), then the Borrower shall from time to time, within 15 days of receipt of written demand from such Lender (with a copy of such demand to the Agent), pay to the Agent
for the account of such Lender additional amounts sufficient to compensate such Lender for such increased cost; provided, however, that the Borrower shall not be responsible for costs under this Section 2.10(a) arising more than
180 days prior to receipt by the Borrower of the demand from the affected 

  

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Lender pursuant to this Section 2.10(a). A certificate as to the amount of such increased cost, submitted to the Borrower and the Agent by such Lender,
shall be conclusive and binding for all purposes, absent manifest error. 
 (b) If any Lender determines that compliance with any law or
regulation or any guideline or request from any central bank or other governmental authority (whether or not having the force of law) affects or would affect the amount of capital required or expected to be maintained by such Lender or any
corporation controlling such Lender and that the amount of such capital is increased by or based upon the existence of such Lender’s commitment to lend hereunder and other commitments of this type, then, upon demand by such Lender (with a copy
of such demand to the Agent), the Borrower shall pay to the Agent for the account of such Lender, from time to time as specified by such Lender, additional amounts sufficient to compensate such Lender or such corporation in the light of such
circumstances, to the extent that such Lender reasonably determines such increase in capital to be allocable to the existence of such Lender’s commitment to lend hereunder. A certificate as to such amounts submitted to the Borrower and the
Agent by such Lender shall be conclusive and binding for all purposes, absent manifest error. 
 Section 2.11. Illegality.
Notwithstanding any other provision of this Agreement, if any Lender shall notify the Agent that the introduction of or any change in or in the interpretation of any law or regulation makes it unlawful, or any central bank or other governmental
authority asserts that it is unlawful, for any Lender or its Eurodollar Lending Office to perform its obligations hereunder to make Eurodollar Rate Advances or to fund or maintain Eurodollar Rate Advances hereunder, (a) each Eurodollar Rate
Advance will automatically, upon such demand, Convert into a Base Rate Advance and (b) the obligation of the Lenders to make, or to Convert Advances into, Eurodollar Rate Advances shall be suspended until the Agent shall notify the Borrower and
the Lenders that the circumstances causing such suspension no longer exist. 
 Section 2.12. Payments and Computations.
(a) The Borrower shall make each payment hereunder and under the Notes, irrespective of any right of counterclaim or set-off, not later than 11:00 A.M. (San Francisco time) on the day when due in U.S. dollars to the Agent in same day funds. The
Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.10, 2.13 or 8.04(c)) to the Lenders for the account of their
respective Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Applicable Lending Office, in each case to be applied in accordance with the terms of this
Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d), from and after the effective date specified in such Assignment and Acceptance, the
Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for
periods prior to such effective date directly between themselves. 
 (b) The Borrower hereby authorizes each Lender, if and to the extent
payment owed to such Lender is not made when due hereunder or under the Note held by such Lender, to charge from time to time against any or all of the Borrower’s accounts with such Lender any amount so due. 
  

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 (c) All computations of interest and fees shall be made by the Agent on the basis of a year of 360 days,
for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest or fees are payable. Each determination by the Agent of an interest rate hereunder shall be conclusive and binding for
all purposes, absent manifest error. 
 (d) Whenever any payment hereunder or under the Notes shall be stated to be due on a day other than a
Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or fees, as the case may be; provided, however, that, if
such extension would cause payment of interest on or principal of Eurodollar Rate Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day. 
 (e) Unless the Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Lenders hereunder that the
Borrower will not make such payment in full, the Agent may assume that the Borrower has made such payment in full to the Agent on such date and the Agent may, in reliance upon such assumption, cause to be distributed to each Lender on such due date
an amount equal to the amount then due such Lender. If and to the extent the Borrower shall not have so made such payment in full to the Agent, each Lender shall repay to the Agent forthwith on demand such amount distributed to such Lender together
with interest thereon, for each day from the date such amount is distributed to such Lender until the date such Lender repays such amount to the Agent, at the Federal Funds Rate. 
 Section 2.13. Taxes. (a) Any and all payments by the Borrower to or for the account of any Lender or the Agent hereunder or under the
Notes or any other documents to be delivered hereunder shall be made, in accordance with Section 2.12 or the applicable provisions of such other documents, free and clear of and without deduction for any and all present or future taxes, levies,
imposts, deductions, charges or withholdings, and all liabilities with respect thereto, excluding, in the case of each Lender and the Agent, taxes imposed on its overall net income, and franchise taxes imposed on it in lieu of net income
taxes, by the jurisdiction under the laws of which such Lender or the Agent (as the case may be) is organized or any political subdivision thereof and, in the case of each Lender, taxes imposed on its overall net income, and franchise taxes imposed
on it in lieu of net income taxes, by the jurisdiction of such Lender’s Applicable Lending Office or any political subdivision thereof (all such non-excluded taxes, levies, imposts, deductions, charges, withholdings and liabilities in respect
of payments hereunder or under the Notes being hereinafter referred to as “Taxes”). If the Borrower shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder or under any Note or any other
documents to be delivered hereunder to any Lender or the Agent, (i) the sum payable shall be increased as may be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this
Section 2.13) such Lender or the Agent (as the case may be) receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall pay the
full amount deducted to the relevant taxation authority or other authority in accordance with applicable law. 
  

 17 

 (b) In addition, the Borrower shall pay any present or future stamp or documentary taxes or any other
excise or property taxes, charges or similar levies that arise from any payment made hereunder or under the Notes or any other documents to be delivered hereunder or from the execution, delivery or registration of, performing under, or otherwise
with respect to, this Agreement or the Notes or any other documents to be delivered hereunder (hereinafter referred to as “Other Taxes”). 
 (c) The Borrower shall indemnify each Lender and the Agent for and hold it harmless against the full amount of Taxes or Other Taxes (including, without limitation, taxes of any kind imposed or asserted by any
jurisdiction on amounts payable under this Section 2.13) imposed on or paid by such Lender or the Agent (as the case may be) and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto. This
indemnification shall be made within 30 days from the date such Lender or the Agent (as the case may be) makes written demand therefor. 
 (d) Within 30 days after the date of any payment of Taxes, the Borrower shall furnish to the Agent, at its address referred to in Section 8.02, the original or a certified copy of a receipt evidencing such payment to the extent such a
receipt is issued therefor, or other written proof of payment thereof that is reasonably satisfactory to the Agent. In the case of any payment hereunder or under the Notes or any other documents to be delivered hereunder by or on behalf of the
Borrower through an account or branch outside the United States or by or on behalf of the Borrower by a payor that is not a United States person, if the Borrower determines that no Taxes are payable in respect thereof, the Borrower shall furnish, or
shall cause such payor to furnish, to the Agent, at such address, an opinion of counsel acceptable to the Agent stating that such payment is exempt from Taxes. For purposes of this subsection (d) and subsection (e), the terms
“United States” and “United States person” shall have the meanings specified in Section 7701 of the Internal Revenue Code. 
 (e) Each Lender organized under the laws of a jurisdiction outside the United States, on or prior to the date of its execution and delivery of this Agreement in the case of each Initial Lender and on the date of the
Assignment and Acceptance pursuant to which it becomes a Lender in the case of each other Lender, and from time to time thereafter as reasonably requested in writing by the Borrower (but only so long as such Lender remains lawfully able to do so),
shall provide each of the Agent and the Borrower with two original Internal Revenue Service Forms W-8BEN or W-8ECI, as appropriate, or any successor or other form prescribed by the Internal Revenue Service, certifying that such Lender is exempt from
or entitled to a reduced rate of United States withholding tax on payments pursuant to this Agreement or the Notes. If the form provided by a Lender at the time such Lender first becomes a party to this Agreement indicates a United States interest
withholding tax rate in excess of zero, withholding tax at such rate shall be considered excluded from Taxes unless and until such Lender provides the appropriate forms certifying that a lesser rate applies, whereupon withholding tax at such lesser
rate only shall be considered excluded from Taxes for periods governed by such form; provided, however, that, if at the date of the Assignment and Acceptance pursuant to which a Lender assignee becomes a party to this Agreement, the
Lender assignor was entitled to payments under subsection (a) in respect of United States withholding tax with respect to interest paid at such date, then, to such extent, the term Taxes shall include (in addition to withholding taxes that may
be imposed in the future or other amounts otherwise includable in Taxes) United States 

  

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withholding tax, if any, applicable with respect to the Lender assignee on such date. If any form or document referred to in this subsection
(e) requires the disclosure of information, other than information necessary to compute the tax payable and information required on the date hereof by Internal Revenue Service Form W-8BEN or W-8ECI, that the Lender reasonably considers to be
confidential, the Lender shall give notice thereof to the Borrower and shall not be obligated to include in such form or document such confidential information. 
 (f) For any period with respect to which a Lender has failed to provide the Borrower with the appropriate form, certificate or other document described in Section 2.13(e) (other than if such failure is due
to a change in law, or in the interpretation or application thereof, occurring subsequent to the date on which a form, certificate or other document originally was required to be provided, or if such form, certificate or other document otherwise is
not required under subsection (e) above), such Lender shall not be entitled to indemnification under Section 2.13(a) or (c) with respect to Taxes imposed by the United States by reason of such failure; provided, however,
that should a Lender become subject to Taxes because of its failure to deliver a form, certificate or other document required hereunder, the Borrower shall take such steps as the Lender shall reasonably request to assist the Lender to recover such
Taxes. 
 Section 2.14. Sharing of Payments, Etc. If any Lender shall obtain any payment (whether voluntary, involuntary, through
the exercise of any right of set off, or otherwise) on account of the Advances owing to it (other than pursuant to Section 2.10, 2.13 or 8.04(c)) in excess of its ratable share of payments on account of the Advances obtained by all the Lenders,
such Lender shall forthwith purchase from the other Lenders such participations in the Advances owing to them as shall be necessary to cause such purchasing Lender to share the excess payment ratably with each of them; provided,
however, that if all or any portion of such excess payment is thereafter recovered from such purchasing Lender, such purchase from each Lender shall be rescinded and such Lender shall repay to the purchasing Lender the purchase price to the
extent of such recovery together with an amount equal to such Lender’s ratable share (according to the proportion of (i) the amount of such Lender’s required repayment to (ii) the total amount so recovered from the purchasing
Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered. The Borrower agrees that any Lender so purchasing a participation from another Lender pursuant to this Section 2.14
may, to the fullest extent permitted by law, exercise all its rights of payment (including the right of set off) with respect to such participation as fully as if such Lender were the direct creditor of the Borrower in the amount of such
participation. 
 Section 2.15. Use of Proceeds. The proceeds of the Advances shall be available (and the Borrower agrees that it
shall use such proceeds) to provide for the general corporate purpose needs of the Borrower and its Subsidiaries, including repayment of Debt and acquisitions. 
  

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 ARTICLE III 
 CONDITIONS TO EFFECTIVENESS AND LENDING 
 Section 3.01. Conditions Precedent to Effectiveness of
Section 2.01. Section 2.01 of this Agreement shall become effective on and as of the first date (the “Effective Date”) on which the following conditions precedent have been satisfied: 
 (a) The Agent shall have received the following in form and substance satisfactory to the Agent and (except for the Notes) in sufficient copies for each
Lender: 
 (i) The Notes to the order of the Lenders (to the extent that such has been requested by any Lender). 

(ii) A copy of a certificate of the Secretary of State of California, dated reasonably near the date of this Agreement, certifying that
the Borrower is duly incorporated and in good standing under the law of the State of California. 
 (iii) Certified copies of
the resolutions of the Board of Directors of the Borrower approving this Agreement and the Notes, and of all documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement and the Notes.

 (iv) A certificate of the Secretary or an Assistant Secretary of the Borrower certifying the names and true signatures of
the officers of the Borrower authorized to sign this Agreement and the Notes and the other documents to be delivered hereunder. 
 (v) A favorable opinion of the Borrower’s general counsel, substantially in the form of Exhibit D hereto and as to such other matters as any Lender through the Agent may reasonably request. 
 (b) The Agent shall have received, on or before the Effective Date, such financial, business and other information regarding the Borrower and its
Subsidiaries as the Lenders shall have requested, including, without limitation, audited financial statements of the Borrower and its Subsidiaries on a Consolidated basis, for the period ended December 31, 2006 and interim financial statements
of the Borrower and its Subsidiaries dated the end of the most recent fiscal quarter for which financial statements are available. 
 (c)
Before giving effect to the Agreement, since December 31, 2006 there shall have been no Material Adverse Change. 
 (d) The Borrower
shall have paid all accrued fees and expenses of the Agent and the Lenders. 
 (e) The Lenders shall be satisfied that the Existing Credit
Agreement has been, or concurrently with the making of the initial Advances hereunder will be, amended to permit the transactions contemplated by this Agreement. 
  

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 (f) The Lenders and Wells Fargo shall have completed a due diligence investigation of the Borrower and
its Subsidiaries in scope, and with results, satisfactory to the Lenders and the Agent; without limiting the generality of the foregoing, the Lenders and the Agent shall have been given such access to the management, records, books of account,
contracts and properties of the Borrower and its Subsidiaries as they shall have requested. 
 Section 3.02. Conditions Precedent to
Each Borrowing. The obligation of each Lender to make an Advance on the occasion of each Borrowing shall be subject to the conditions precedent that the Effective Date shall have occurred and on the date of such Borrowing (a) the following
statements shall be true (and each of the giving of the applicable Notice of Borrowing and the acceptance by the Borrower of the proceeds of such Borrowing shall constitute a representation and warranty by the Borrower that on the date of such
Borrowing such statements are true): 
 (i) the representations and warranties contained in Section 4.01 are correct on
and as of the date of such Borrowing, before and after giving effect to such Borrowing and to the application of the proceeds therefrom, as though made on and as of such date, and 
 (ii) no event has occurred and is continuing, or would result from such Borrowing or from the application of the proceeds therefrom, that
constitutes a Default; 
 and (b) the Agent shall have received such other approvals, opinions or documents as any Lender through the Agent may
reasonably request. 
 ARTICLE IV 
 REPRESENTATIONS AND WARRANTIES 
 Section 4.01. Representations and Warranties of the Borrower. The Borrower represents
and warrants as follows: 
 (a) The Borrower and each of its Subsidiaries (i) is a corporation duly incorporated, validly existing and in
good standing under the laws of the state of its incorporation, and is duly licensed or qualified to transact business in all jurisdictions where the character of the property owned or leased or the nature of the business transacted by it makes such
licensing or qualification necessary and where failure to be so licensed or qualified would have a materially adverse impact on its business or properties; (ii) is in compliance with the requirements of applicable laws and regulations, except
for such noncompliance as would not materially and adversely affect its business or financial condition; and (iii) has all requisite power and authority to conduct its business, to own its properties and to execute and deliver, and to perform
all of its obligations under, the Loan Documents. 
 (b) The execution, delivery and performance by the Borrower of the Loan Documents to
which it is a party and the Borrowings from time to time hereunder are within the Borrower’s corporate powers and have been duly authorized by all necessary corporate action and do not and will not (i) require any consent or approval of
the stockholders of the Borrower, 

  

 21 

 
or any authorization, consent or approval by any governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, except
such as have already been obtained, (ii) violate the Articles of Incorporation or Bylaws of the Borrower or any provision of any law, rule or regulation (including, without limitation, Regulation X of the Board of Governors of the Federal
Reserve System) or of any order, writ, injunction or decree presently in effect having applicability to the Borrower, (iii) result in a breach of or constitute a default under any indenture or loan or credit agreement or any other material
agreement, lease or instrument to which the Borrower is a party or by which it or its properties may be bound or affected, or (iv) result in, or require, the creation or imposition of any Lien or other charge or encumbrance of any nature upon
or with respect to any of the properties now owned or hereafter acquired by the Borrower. The Borrower is not in violation of any such indenture or loan or credit agreement or any other material agreement, lease or instrument the violation or breach
of which would be reasonably likely to have a Material Adverse Effect. 
 (c) This Agreement and the other Loan Documents to which the
Borrower is a party constitute the legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective terms, subject to any applicable bankruptcy, insolvency (including, without limitation, all
laws relating to fraudulent transfers), reorganization, moratorium or similar law affecting creditors’ rights generally, and general principles of equity. 
 (d) The Consolidated balance sheet of the Borrower and its Subsidiaries as at December 31, 2006, and the related Consolidated statements of income and cash flows of the Borrower and its Subsidiaries for the
fiscal year then ended, accompanied by an opinion of PricewaterhouseCoopers, independent public accountants, and the Consolidated balance sheet of the Borrower and its Subsidiaries as at March 31, 2007, and the related Consolidated statements
of income and cash flows of the Borrower and its Subsidiaries for the three months then ended, as included in the Borrower’s Quarterly Report on Form 10-Q for the period ended March 31, 2007 filed with the Securities and Exchange
Commission and duly certified by the chief financial officer of the Borrower, copies of which have been furnished to each Lender, fairly present the Consolidated financial condition of the Borrower and its Subsidiaries as at such dates and the
Consolidated results of the operations and cash flow of the Borrower and its Subsidiaries for the periods ended on such dates, all in accordance with generally accepted accounting principles consistently applied. Since December 31, 2006, there
has been no Material Adverse Change. 
 (e) There is no pending or threatened action, suit, investigation, litigation or proceeding,
affecting the Borrower or any of its Subsidiaries before any court, governmental agency or arbitrator that (i) could be reasonably likely to have a Material Adverse Effect or (ii) purports to affect the legality, validity or enforceability
of this Agreement, any Note, or the consummation of the transactions contemplated hereby. 
 (f) The Borrower is not engaged in the business
of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U issued by the Board of Governors of the Federal Reserve System), and no proceeds of any Advance will be used to purchase or carry any
margin stock or to extend credit to others for the purpose of purchasing or carrying any margin stock. 
  

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 (g) The Borrower and each of its Subsidiaries has paid or caused to be paid to the proper authorities
when due all federal, state and local taxes required to be withheld by it, other than as disclosed to the Agent on or before the Effective Date. The Borrower and each of its Subsidiaries has filed all federal, state and local tax returns which to
the knowledge of the officers of the Borrower are required to be filed, and the Borrower and each of its Subsidiaries has paid or caused to be paid to the respective taxing authorities all taxes as shown on said returns or on any assessment received
by it to the extent such taxes have become due (except as disclosed in the Borrower’s filings with the Securities and Exchange Commission), other than taxes whose amount, applicability or validity is being contested in good faith by appropriate
proceedings and for which the Borrower or its Subsidiary, as applicable, has provided adequate reserves in accordance with GAAP. 
 (h) As of
the date of this Agreement, no Plan established or maintained by the Borrower or any ERISA Affiliate that is subject to Part 3 of Subtitle B of Title I of ERISA had an accumulated funding deficiency (as such term is defined in Section 302 of
ERISA) in excess of $1,000,000 as of the last day of the most recent fiscal year of such Plan ended prior to the date hereof, and no liability to the Pension Benefit Guaranty Corporation or the Internal Revenue Service in excess of such amount has
been, or is expected by the Borrower or any ERISA Affiliate to be, incurred with respect to any Plan of the Borrower or any ERISA Affiliate. Neither the Borrower nor any of its Subsidiaries has any contingent liability with respect to any
post-retirement benefit under a Welfare Plan as described in Section 3(1) of ERISA, other than liability for continuation coverage described in Part 6 of Subtitle B of Title I of ERISA. 
 ARTICLE V 
 COVENANTS OF THE BORROWER 
 Section 5.01. Affirmative Covenants. Except for any actions or changes in required actions taken in connection with, or in contemplation of,
that certain Agreement and Plan of Reorganization, dated as of May 4, 2007, by and between the Borrower and Wells Fargo & Company, so long as any Advance shall remain unpaid or any Lender shall have any Commitment hereunder, the
Borrower will: 
 (a) Compliance with Laws, Etc. Comply, and cause each of its Subsidiaries to comply, in all material respects, with
all applicable laws, rules, regulations and orders, such compliance to include, without limitation, compliance with ERISA and environmental laws. 
 (b) Payment of Taxes, Etc. Pay and discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all taxes, assessments and governmental charges or levies imposed upon it or
upon its property and (ii) all lawful claims that, if unpaid, might by law become a Lien upon its property; provided, however, that neither the Borrower nor any of its Subsidiaries shall be required to pay or discharge any such
tax, assessment, charge or claim that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained, unless and until any Lien resulting therefrom attaches to its property and becomes
enforceable against its other creditors. 
  

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 (c) Maintenance of Insurance. Maintain, and cause each of its Subsidiaries to maintain, insurance
with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties in the same general areas in which the Borrower
or such Subsidiary operates. 
 (d) Preservation of Corporate Existence, Etc. Preserve and maintain, and cause each of its
Subsidiaries to preserve and maintain, its corporate existence, rights (charter and statutory) and franchises; provided, however, that the Borrower and its Subsidiaries may consummate any merger or consolidation permitted under
Section 5.02(b) and provided further that neither the Borrower nor any of its Subsidiaries shall be required to preserve any right or franchise if the Board of Directors of the Borrower or such Subsidiary shall determine that the
preservation thereof is no longer desirable in the conduct of the business of the Borrower or such Subsidiary, as the case may be, and that the loss thereof is not disadvantageous in any material respect to the Borrower, such Subsidiary or the
Lenders. 
 (e) Visitation Rights. At any reasonable time and from time to time, permit the Agent or any of the Lenders or any agents
or representatives thereof, to examine and make copies of and abstracts from the records and books of account of, and visit the properties of, the Borrower and any of its Subsidiaries, and to discuss the affairs, finances and accounts of the
Borrower and any of its Subsidiaries with any of their officers or directors and with their independent certified public accountants. 
 (f)
Keeping of Books. Keep, and cause each of its Subsidiaries to keep, proper books of record and account, in which full and correct entries shall be made of all financial transactions and the assets and business of the Borrower and each such
Subsidiary in accordance with generally accepted accounting principles in effect from time to time. 
 (g) Maintenance of Properties,
Etc. Maintain and preserve, and cause each of its Subsidiaries to maintain and preserve, all of its properties that are used or useful in the conduct of its business in good working order and condition, ordinary wear and tear excepted.

 Section 5.02. Negative Covenants. Except for any actions or changes in required actions taken in connection with, or in
contemplation of, that certain Agreement and Plan of Reorganization, dated as of May 4, 2007, by and between the Borrower and the Wells Fargo & Company, so long as any Advance shall remain unpaid or any Lender shall have any Commitment
hereunder, the Borrower will not: 
 (a) Liens, Etc. Create or suffer to exist, or permit any of its Subsidiaries to create or suffer
to exist, any Lien on or with respect to any of its properties, whether now owned or hereafter acquired, or assign, or permit any of its Subsidiaries to assign, any right to receive income, other than: 
 (i) Permitted Liens; 
 (ii) the Liens existing on the Effective Date; 
  

 24 

 (iii) Liens over the assets of any Subsidiary pledged in the ordinary course of banking
business including, without limitation, liens granted for the purpose of receiving advances from the Federal Home Loan Bank and the Federal Discount Window; 
 (iv) Liens created or existing in order to comply with the requirements of Sections 23A and 23B of the Federal Reserve Act; and

 (v) the replacement, extension or renewal of any Lien permitted by clause (ii) above upon or in the same property
theretofore subject thereto or the replacement, extension or renewal (without increase in the amount, acceleration of any principal payment, modification in the subordination provisions, if any, or change in any direct or contingent obligor) of the
Debt secured thereby. 
 (b) Mergers, Etc. Merge or consolidate with or into, or convey, transfer, lease or otherwise dispose of
(whether in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to, any Person, or permit any of its Subsidiaries to do so, except that (i) any Subsidiary of the
Borrower may merge or consolidate with or into any other Subsidiary of the Borrower, (ii) the Borrower or any Subsidiary of the Borrower may merge or consolidate with or into any other entity if such transaction involves an Investment permitted
under Section 5.02(d) and would not result in a Change of Control, and (iii) any Subsidiary of the Borrower may merge into the Borrower, provided, in each case, that no Default or Event of Default shall have occurred and be continuing at
the time of such proposed transaction or would result therefrom. 
 (c) Accounting Changes. Make or permit, or permit any of its
Subsidiaries to make or permit, any change in accounting policies or reporting practices, except as permitted or required by GAAP. 
 (d)
Investments in Other Persons. Make or hold, or permit any of its Subsidiaries to make or hold, any Investment in any Person, except: 
 (i) Any acquisition (directly or indirectly) of a bank, saving and loan association or any other depositary institution (a “Financial Entity”) if the value of the total Consolidated assets of such
Financial Entity does not exceed 35% of the value of the total Consolidated assets of the Borrower prior to giving effect to such acquisition; and 
 (ii) Any acquisition (directly or indirectly) of an entity other than a Financial Entity if the value of the total Consolidated assets of such entity does not exceed 10% of the value of the total Consolidated assets
of the Borrower prior to giving effect to such acquisition. 
 (iii) Any Investment in a Subsidiary which is established to
effect an acquisition permitted by subparagraphs (i) or (ii) above; 
 (iv) Any Investment in any currently existing
Subsidiary; 
 (v) Any Investment by any Subsidiary in the Borrower; 
  

 25 

 (vi) Any Investment in a Subsidiary which is created solely to effect a financing
transaction; 
 (vii) Any Investment (other than an Investment permitted under paragraphs (i) to (vi) above) to the
extent the funds used for any such Investment constitute proceeds of issuances of equity of the Borrower; and 
 (viii) (A)
Any Investment by the Borrower and its Subsidiaries that is permissible for national banks pursuant to 12 CFR Chapter 1, Part 1, (B) any Investment in the form of loans or other extensions of credit made in the ordinary course of the business
of the Borrower and its Subsidiaries, and (C) any Investments not otherwise permitted under this Section 5.02(d) in an aggregate amount not to exceed $50,000,000, provided that, with respect to each Investment made pursuant to this clause
(C): (1) such Investment shall not entail the assumption of any contingent liabilities that could reasonably be expected to be material to the business, financial condition, operations or prospects of the Borrower and its Subsidiaries, taken as
a whole (as determined in good faith by the appropriate officer(s) of the Borrower exercising authority to approve of the relevant type of Investment); and (2) any determination of the amount of such Investment shall include all cash and
noncash consideration (including, without limitation, the fair market value of all Equity Interests issued or transferred to the sellers of such investment, all indemnities, earnouts and other contingent payment obligations to, and the aggregate
amounts paid or to be paid under noncompete, consulting and other affiliated agreements with, the sellers of such investment, all write-downs of property and assets and reserves for liabilities with respect thereto and all assumptions of debt,
liabilities and other obligations in connection therewith) paid by or on behalf of the Borrower and its Subsidiaries in connection with such Investment, 
 provided, that, at the time of, and after giving effect to, such Investment, no Default or Event of Default exists. 
 (e) Debt. Create, assume or permit to exist, or allow any of its Subsidiaries to create, assume or permit to exist, any Debt, other than: 
 (i) Debt of the Borrower hereunder; 
 (ii) Debt of the Borrower set forth on Schedule 5.02(e)
hereto; 
 (iii) Debt of any Subsidiary entered into in the ordinary course of banking business including, without limitation,
Debt incurred for the purpose of obtaining advances from the Federal Home Loan Bank and the Federal Discount Window; 
 (iv)
Debt of the Borrower to any Subsidiary; 
 (v) Debt of any Subsidiary to the Borrower or to any of its other Subsidiaries;

 (vi) The modification, replacement, extension or renewal (without increase in the amount, acceleration of any principal
payment, modification in the subordination provisions, if any, or change in any direct or contingent obligor) of any Debt permitted by clause (ii) above; 
  

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 (vii) Guaranties by the Borrower issued in the normal course of business in respect of
Debt of a Subsidiary permitted hereunder; and 
 (viii) Guaranties of Debt in a maximum outstanding principal amount of
$5,000,000. 
 (f) Change in Nature of Business. Make, or permit any of its Subsidiaries to make, any material change in the nature of
its business as carried on at the date hereof. 
 (g) Amendments of Constitutive Documents. Amend, or permit any of its Subsidiaries
to amend, its certificate of incorporation or bylaws or other constitutive documents other than amendments that could not be reasonably expected to have a Material Adverse Effect. 
 (h) Prepayments, Etc., of Debt. Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner, or
make any payment in violation of any subordination terms of, any Debt, except the prepayment of the Advances in accordance with the terms of this Agreement and any prepayment, redemption, purchase, defeasance or other satisfaction prior to scheduled
maturity of (i) junior subordinated deferrable interest debentures issued in relation to any Trust Preferred Securities; (ii) up to $10,000,000 in aggregate principal amount of any other Debt; and (iii) any other Debt to the extent
the funds used for the prepayment, redemption, purchase, defeasance or other satisfaction of such Debt constitute proceeds of issuances of equity of the Borrower. 
 (i) Negative Pledge. Enter into or suffer to exist, or permit any of its Subsidiaries to enter into or suffer to exist, any agreement prohibiting or conditioning the creation or assumption of any Lien upon any
of its property or assets other than (i) the arrangement listed on Schedule 5.02(e) hereto, (ii) this Agreement, and (iii) any Lien or Debt arrangement permitted under Section 5.02(e) hereto. 
 Section 5.03. Financial Covenants. So long as any Advance shall remain unpaid or any Lender shall have any Commitment hereunder: (a) the
Borrower on a Consolidated basis, and each Bank Subsidiary individually, will maintain its categorization as “Well Capitalized” as defined by regulatory agencies having jurisdiction over the Borrower and each Bank Subsidiary,
including as provided in Section 38 of the Federal Deposit Insurance Act (created by Section 131 of the Federal Deposit Insurance Corporation Act of 1991).: 
 (b) The Borrower on a Consolidated basis will: 
 (i) Non-Performing Assets. Maintain
at all times an aggregate amount of Non-Performing Assets not in excess of an amount equal to 15.0 percent of Consolidated Primary Capital. 
 (ii) Minimum Return on Assets. Maintain a Return on Assets, determined as of each calendar quarter end prior to the second anniversary of the Effective Date, at not less than 0.65 percent and thereafter, at not
less than 0.85 percent. 
  

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 Section 5.04. Reporting Requirements. So long as any Advance or any other Obligation of the
Borrower under any Loan Document shall remain unpaid, or any Lender shall have any Commitment hereunder, the Borrower will furnish to the Agent: 
 (a) Default Notice. As soon as possible and in any event within two Business Days after the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date
of such statement, a statement of the Chief Financial Officer of the Borrower setting forth details of such Default and the action that the Borrower has taken and proposes to take with respect thereto. 
 (b) Annual Financials. As soon as available and in any event within 90 days after the end of each fiscal year, a copy of the annual audit report
for such year for the Borrower and its Subsidiaries, including therein Consolidated balance sheets of the Borrower and its Subsidiaries as of the end of such fiscal year and Consolidated statements of income and Consolidated statements of cash flows
of the Borrower and its Subsidiaries for such fiscal year, in each case accompanied by an unqualified opinion reasonably acceptable to the Required Lenders of PricewaterhouseCoopers or other independent public accountants of recognized standing
reasonably acceptable to the Agent, together with (i) a certificate of such accounting firm to the Agent stating that in the course of the regular audit of the business of the Borrower and its Subsidiaries, which audit was conducted by such
accounting firm in accordance with generally accepted auditing standards, such accounting firm has obtained no knowledge that a Default has occurred and is continuing, or if, in the opinion of such accounting firm, a Default has occurred and is
continuing, a statement as to the nature thereof, (ii) a schedule in form satisfactory to the Agent of the computations used by the Borrower in determining compliance with the covenants contained in Section 5.03 and (iii) a
certificate of the chief financial officer of the Borrower stating that no Default has occurred and is continuing or, if a Default has occurred and is continuing, a statement as to the nature thereof and the action that the Borrower has taken and
proposes to take with respect thereto. 
 (c) Quarterly Financials. As soon as available and in any event within 50 days after the end
of each of the first three quarters of each fiscal year, Consolidated balance sheets of the Borrower and its Subsidiaries as of the end of such quarter and Consolidated statements of income and Consolidated statements of cash flows of the Borrower
and its Subsidiaries for the period commencing at the end of the previous fiscal quarter and ending with the end of such fiscal quarter and Consolidated statements of income and a Consolidated statement of cash flows of the Borrower and its
Subsidiaries for the period commencing at the end of the previous fiscal year and ending with the end of such quarter, setting forth in each case in comparative form the corresponding figures for the corresponding date or period of the preceding
fiscal year, all in reasonable detail and duly certified (subject to normal year end audit adjustments) by the chief financial officer of the Borrower as having been prepared in accordance with GAAP, together with (i) a certificate of said
officer stating that no Default has occurred and is continuing or, if a Default has occurred and is continuing, a statement as to the nature thereof and the action that the Borrower has taken and proposes to take with respect thereto and (ii) a
schedule in form satisfactory to the Agent of the computations used by the Borrower in determining compliance with the covenants contained in Section 5.03. 
  

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 (d) Securities Reports. Promptly after the sending or filing thereof, copies of all proxy
statements, financial statements and reports that the Borrower or any of its Subsidiaries sends to its stockholders, and copies of all regular, periodic and special reports, and all registration statements, that the Borrower or any of its
Subsidiaries files with the Securities and Exchange Commission, and copies of all regular, periodic and special reports that the Borrower or any of its Subsidiaries files with the FDIC, the Board of Governors of the Federal Reserve Bank, the OCC or
any governmental authority that may be substituted therefor, or with any national securities exchange or with any other regulatory agency (other than (i) any reports filed with the California Department of Insurance (or the insurance department
or insurance commissioner of any other state of the United States) by any Subsidiary of the Borrower regulated thereby and (ii) any reports filed with the National Association of Securities Dealers by any Subsidiary of the Borrower that is a
broker/dealer). 
 (e) Call Reports. Concurrently with the delivery of the financial statements referred to in clauses (a) to
(d) above, duly executed copies of the Borrower’s then current FR Report Y-9C and FR Report Y-9LP and a duly executed copy of the then-current Call Report for each Subsidiary Bank. 
 (f) Other Information. Such other information respecting the business condition (financial or otherwise), operations, performance, properties or
prospects of the Borrower or any of its Subsidiaries as the Agent or any Lender through the Agent, may from time to time reasonably request, including without limitation, any reports to the Borrower or any Subsidiary from any regulatory authority
subject to any limitations or restrictions imposed by applicable law or regulation. 
 ARTICLE VI 
 EVENTS OF DEFAULT 
 Section 6.01.
Events of Default. If any of the following events (“Events of Default”) shall occur and be continuing: 
 (a) The
Borrower shall fail to pay any principal of any Advance when the same becomes due and payable; or the Borrower shall fail to pay any interest on any Advance or make any other payment of fees or other amounts payable under this Agreement or any Note
within three Business Days after the same becomes due and payable; or 
 (b) Any representation or warranty made by the Borrower herein or by
the Borrower (or any of its officers) in connection with this Agreement shall prove to have been incorrect in any material respect when made; or 
 (c) (i) The Borrower shall fail to perform or observe any term, covenant or agreement contained in Section 5.01(d), (e) or (h), 5.02 or 5.03, or (ii) the Borrower shall fail to perform or observe any other term, covenant or
agreement contained in this Agreement on its part to be performed or observed if such failure shall remain unremedied for 30 days after written notice thereof shall have been given to the Borrower by the Agent or any Lender; or 
  

 29 

 (d) The Borrower or any of its Subsidiaries shall fail to pay any principal of or premium or interest on
any Debt that is outstanding in a principal or notional amount of at least $5,000,000 in the aggregate (but excluding Debt outstanding hereunder) of the Borrower or such Subsidiary (as the case may be), when the same becomes due and payable (whether
by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Debt; or any other event shall occur
or condition shall exist under any agreement or instrument relating to any such Debt and shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such event or condition is to accelerate,
or to permit the acceleration of, the maturity of such Debt; or any such Debt shall be declared to be due and payable, or required to be prepaid or redeemed (other than by a regularly scheduled required prepayment or redemption), purchased or
defeased, or an offer to prepay, redeem, purchase or defease such Debt shall be required to be made, in each case prior to the stated maturity thereof; or 
 (e) The Borrower or any of its Subsidiaries shall generally not pay its debts as such debts become due, or shall admit in writing its inability to pay its debts generally, or shall make a general assignment for the
benefit of creditors; or any proceeding shall be instituted by or against the Borrower or any of its Subsidiaries seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment,
protection, relief, or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee, custodian or other
similar official for it or for any substantial part of its property and, in the case of any such proceeding instituted against it (but not instituted by it), either such proceeding shall remain undismissed or unstayed for a period of 60 days, or any
of the actions sought in such proceeding (including, without limitation, the entry of an order for relief against, or the appointment of a receiver, trustee, custodian or other similar official for, it or for any substantial part of its property)
shall occur; or the Borrower or any of its Subsidiaries shall take any corporate action to authorize any of the actions set forth above in this subsection (e); or 
 (f) The issuance against the Borrower or any Subsidiary of the Borrower (including without limitation, any Bank Subsidiary) of any informal or formal administrative agreement or court order, temporary or permanent, by
any federal or state regulatory agency or court having jurisdiction or control over the Borrower or such Subsidiary involving activities deemed to be unsafe or unsound or a breach of fiduciary duty under applicable law or regulation, such action
taking the form of, but not limited to: (i) a memorandum of understanding; (ii) a cease and desist order; (iii) the termination of insurance coverage of customer deposits by FDIC; (iv) the suspension or removal of any executive
officer or director, or the prohibition of participation by any others in the business affairs of the Borrower or such Subsidiary; or (v) a capital maintenance agreement; or 
 (g) Judgments or orders for the payment of money in excess of $5,000,000 in the aggregate shall be rendered against the Borrower or any of its
Subsidiaries and either (i) enforcement proceedings shall have been commenced by any creditor upon such judgment or order or (ii) there shall be any period of 10 consecutive days during which a stay of enforcement of such judgment or
order, by reason of a pending appeal or otherwise, shall not be in effect; provided, however, that any such judgment or order shall not be an Event of Default under this 

  

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Section 6.01(g) if and for so long as (i) the amount of such judgment or order is covered by a valid and binding policy of insurance between the
defendant and the insurer covering payment thereof and (ii) such insurer, which shall be rated at least “A” by A.M. Best Company, has been notified of, and has not disputed the claim made for payment of, the amount of such judgment or
order; or 
 (h) Any non monetary judgment or order shall be rendered against the Borrower or any of its Subsidiaries that could be
reasonably expected to have a Material Adverse Effect, and there shall be any period of 10 consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; or

 (i) The Borrower or any of its ERISA Affiliates shall incur, or in the reasonable opinion of the Required Lenders, shall be reasonably
likely to incur liability in excess of $5,000,000 in the aggregate as a result of one or more of the following: (i) the occurrence of any ERISA Event; (ii) the partial or complete withdrawal of the Borrower or any of its ERISA Affiliates
from a Multiemployer Plan; or (iii) the reorganization or termination of a Multiemployer Plan; or 
 (j) Any provision of any Loan
Document after delivery thereof pursuant to Section 3.01 shall for any reason cease to be valid and binding on or enforceable against the Borrower or any of its Subsidiaries to it, or any the Borrower shall so state in writing; or 

(k) A Change of Control shall occur; 
 then, and in any
such event, the Agent (i) shall at the request, or may with the consent, of the Required Lenders, by notice to the Borrower, declare the obligation of each Lender to make Advances to be terminated, whereupon the same shall forthwith terminate,
and (ii) shall at the request, or may with the consent, of the Required Lenders, by notice to the Borrower, declare the Notes, all interest thereon and all other amounts payable under this Agreement to be forthwith due and payable, whereupon
the Notes, all such interest and all such amounts shall become and be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Borrower; provided,
however, that in the event of an actual or deemed entry of an order for relief with respect to the Borrower under the Federal Bankruptcy Code, (A) the obligation of each Lender to make Advances shall automatically be terminated and
(B) the Notes, all such interest and all such amounts shall automatically become and be due and payable, without presentment, demand, protest or any notice of any kind, all of which are hereby expressly waived by the Borrower. 
 ARTICLE VII 
 THE AGENT 
 Section 7.01. Authorization and Action. Each Lender hereby appoints and authorizes the Agent to take such action as agent on its behalf and
to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this
Agreement (including, without limitation, enforcement or collection of the 

  

 31 

 
Notes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be
fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders, and such instructions shall be binding upon all Lenders and all holders of Notes; provided, however, that the Agent shall not be
required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms
of this Agreement. 
 Section 7.02. Agent’s Reliance, Etc. Neither the Agent nor any of its directors, officers, agents or
employees shall be liable for any action taken or omitted to be taken by it or them under or in connection with this Agreement, except for its or their own gross negligence or willful misconduct. Without limitation of the generality of the
foregoing, the Agent: (i) may treat the payee of any Note as the holder thereof until the Agent receives and accepts an Assignment and Acceptance entered into by the Lender that is the payee of such Note, as assignor, and an Eligible Assignee,
as assignee, as provided in Section 8.07; (ii) may consult with legal counsel (including counsel for the Borrower), independent public accountants and other experts selected by it and shall not be liable for any action taken or omitted to
be taken in good faith by it in accordance with the advice of such counsel, accountants or experts; (iii) makes no warranty or representation to any Lender and shall not be responsible to any Lender for any statements, warranties or
representations (whether written or oral) made in or in connection with this Agreement; (iv) shall not have any duty to ascertain or to inquire as to the performance, observance or satisfaction of any of the terms, covenants or conditions of
this Agreement on the part of the Borrower or the existence at any time of any Default or to inspect the property (including the books and records) of the Borrower; (v) shall not be responsible to any Lender for the due execution, legality,
validity, enforceability, genuineness, sufficiency or value of, or the perfection or priority of any lien or security interest created or purported to be created under or in connection with, this Agreement or any other instrument or document
furnished pursuant hereto; and (vi) shall incur no liability under or in respect of this Agreement by acting upon any notice, consent, certificate or other instrument or writing (which may be by telecopier) believed by it to be genuine and
signed or sent by the proper party or parties. 
 Section 7.03. Wells Fargo and Affiliates. With respect to its Commitment, the
Advances made by it and the Note issued to it, Wells Fargo shall have the same rights and powers under this Agreement as any other Lender and may exercise the same as though it were not the Agent; and the term “Lender” or
“Lenders” shall, unless otherwise expressly indicated, include Wells Fargo in its individual capacity. Wells Fargo and its Affiliates may accept deposits from, lend money to, act as trustee under indentures of, accept investment banking
engagements from and generally engage in any kind of business with, the Borrower, any of its Subsidiaries and any Person who may do business with or own securities of the Borrower or any such Subsidiary, all as if Wells Fargo were not the Agent and
without any duty to account therefor to the Lenders. The Agent shall have no duty to disclose any information obtained or received by it or any of its Affiliates relating to the Borrower or any of its Subsidiaries to the extent such information was
obtained or received in any capacity other than as Agent. 
 Section 7.04. Lender Credit Decision. Each Lender acknowledges that
it has, independently and without reliance upon the Agent or any other Lender and based on the financial statements referred to in Section 4.01 and such other documents and information as it 

  

 32 

 
has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and
without reliance upon the Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement. 
 Section 7.05. Indemnification. The Lenders agree to indemnify the Agent (to the extent not reimbursed by the Borrower), ratably according to
the respective principal amounts of the Notes then held by each of them (or if no Notes are at the time outstanding or if any Notes are held by Persons that are not Lenders, ratably according to the respective amounts of their Commitments), from and
against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever that may be imposed on, incurred by, or asserted against the Agent in any way
relating to or arising out of this Agreement or any action taken or omitted by the Agent under this Agreement (collectively, the “Indemnified Costs”), provided that no Lender shall be liable for any portion of the Indemnified Costs
resulting from the Agent’s gross negligence or willful misconduct. Without limitation of the foregoing, each Lender agrees to reimburse the Agent promptly upon demand for its ratable share of any out of pocket expenses (including counsel fees)
incurred by the Agent in connection with the preparation, execution, delivery, administration, modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or
responsibilities under, this Agreement, to the extent that the Agent is not reimbursed for such expenses by the Borrower. In the case of any investigation, litigation or proceeding giving rise to any Indemnified Costs, this Section 7.05 applies
whether any such investigation, litigation or proceeding is brought by the Agent, any Lender or a third party. 
 Section 7.06.
Successor Agent. The Agent may resign at any time by giving written notice thereof to the Lenders and the Borrower and may be removed at any time with or without cause by the Required Lenders. Upon any such resignation or removal, the
Required Lenders shall have the right to appoint a successor Agent. If no successor Agent shall have been so appointed by the Required Lenders, and shall have accepted such appointment, within 30 days after the retiring Agent’s giving of notice
of resignation or the Required Lenders’ removal of the retiring Agent, then the retiring Agent may, on behalf of the Lenders, appoint a successor Agent, which shall be a commercial bank organized under the laws of the United States of America
or of any State thereof and having a combined capital and surplus of at least $500,000,000. Upon the acceptance of any appointment as Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all
the rights, powers, discretion, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations under this Agreement. After any retiring Agent’s resignation or removal hereunder as Agent,
the provisions of this Article VII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent under this Agreement. 
  

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 ARTICLE VIII 
 MISCELLANEOUS 
 Section 8.01. Amendments, Etc. No amendment or waiver of any provision of this
Agreement or any other Loan Document nor consent to any departure by the Borrower therefrom, shall in any event be effective unless the same shall be in writing and signed by the Required Lenders, and then such waiver or consent shall be effective
only in the specific instance and for the specific purpose for which given; provided, however, that no amendment, waiver or consent shall, unless in writing and signed by all the Lenders, do any of the following: (a) waive any of
the conditions specified in Section 3.01, (b) increase the Commitments of the Lenders, (c) reduce the principal of, or interest on, the Notes or any fees or other amounts payable hereunder, (d) postpone any date fixed for any
payment of principal of, or interest on, the Notes or any fees or other amounts payable hereunder, (e) change the percentage of the Commitments or of the aggregate unpaid principal amount of the Notes, or the number of Lenders, that shall be
required for the Lenders or any of them to take any action hereunder, (f) release any material portion of any collateral held to secure the obligations of the Borrower under this Agreement and the Notes, (g) amend or waive any of the
provisions specified in Sections 5.03(b)(i) or (ii) or Sections 5.03(d)(ii) or (iii), or (h) amend this Section 8.01; and provided further that no amendment, waiver or consent shall, unless in writing and signed by the Agent in
addition to the Lenders required above to take such action, affect the rights or duties of the Agent under this Agreement or any Note or any other Loan Document. 
 Section 8.02. Notices, Etc. (a) All notices and other communications provided for hereunder shall be in writing (including telecopier communication) and mailed, telecopied or delivered, if to the
Borrower, at its address at 2860 West Bayshore Road, Palo Alto, California, 94303, Attention: Chief Financial Officer; if to the Agent or Wells Fargo, at its Domestic Lending Office specified opposite its name on Schedule I hereto; and if to any
other Lender, at its Domestic Lending Office specified in the Assignment and Acceptance pursuant to which it became a Lender; or, as to the Borrower or the Agent, or, at such other address as shall be designated by such party in a written notice to
the other parties and, as to each other party, at such other addresses as shall be designated by such party in a written notice to the Borrower and the Agent. All such notices and communications shall, when mailed or telecopied, be effective when
deposited in the mails or telecopied, respectively, except that notices and communications to the Agent pursuant to Article II, III or VII shall not be effective until received by the Agent. Delivery by telecopier of an executed counterpart of
any amendment or waiver of any provision of this Agreement or the Notes or any other Loan Document or of any Exhibit hereto to be executed and delivered hereunder shall be effective as delivery of a manually executed counterpart thereof. 

(b) The Borrower agrees that the Agent may make any material delivered by the Borrower to the Agent, as well as any amendments, waivers, consents, and
other written information, documents, instruments and other materials relating to the Borrower, any of its Subsidiaries, or any other materials or matters relating to this Agreement, the Notes or any of the transactions contemplated hereby
(collectively, the “Communications”) available to the Lenders by posting such notices on any electronic delivery system (which may be provided by the Agent, any Affiliate of the Agent, or any Person that is not an Affiliate of the
Agent), such as 

  

 34 

 
IntraLinks, or a substantially similar electronic system (the “Platform”). The Borrower acknowledges that (i) the distribution of
material through an electronic medium is not necessarily secure and that there are confidentiality and other risks associated with such distribution, (ii) the Platform is provided “as is” and “as available” and
(iii) neither the Agent nor any of its Affiliates warrants the accuracy, completeness, timeliness, sufficiency, or sequencing of the Communications posted on the Platform. The Agent and its Affiliates expressly disclaim with respect to the
Platform any liability for errors in transmission, incorrect or incomplete downloading, delays in posting or delivery, or problems accessing the Communications posted on the Platform and any liability for any losses, costs, expenses or liabilities
that may be suffered or incurred in connection with the Platform other than losses, costs, expenses or liabilities arising directly from the Agent’s or any such Affiliates’ gross negligence or willful misconduct. No warranty of any kind,
express, implied or statutory, including, without limitation, any warranty of merchantability, fitness for a particular purpose, non-infringement of third party rights or freedom from viruses or other code defects, is made by the Agent or any of its
Affiliates in connection with the Platform. 
 (c) Each Lender agrees that notice to it (as provided in the next sentence) (a
“Notice”) specifying that any Communication has been posted to the Platform shall for purposes of this Agreement constitute effective delivery to such Lender of such information, documents or other materials comprising such
Communication. Each Lender agrees (i) to notify, on or before the date such Lender becomes a party to this Agreement, the Agent in writing of such Lender’s e-mail address to which a Notice may be sent (and from time to time thereafter to
ensure that the Agent has on record an effective e-mail address for such Lender) and (ii) that any such Notice may be sent to such e-mail address. 
 Section 8.03. No Waiver; Remedies. No failure on the part of any Lender or the Agent to exercise, and no delay in exercising, any right hereunder or under any Note or any other Loan Document shall operate
as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided
by law. 
 Section 8.04. Costs and Expenses. (a) The Borrower agrees to pay on demand all costs and expenses of the Agent in
connection with the preparation, execution, delivery, administration, modification and amendment of this Agreement, the Notes and the other documents to be delivered hereunder, including, without limitation, (A) all due diligence, syndication
(including printing, distribution and bank meetings), transportation, computer, duplication, appraisal, consultant, and audit expenses and (B) the reasonable fees and expenses of external counsel for the Agent with respect thereto and with
respect to advising the Agent as to its rights and responsibilities under this Agreement. The Borrower further agrees to pay on demand all costs and expenses of the Agent and the Lenders, if any (including, without limitation, reasonable counsel
fees and expenses), in connection with the enforcement (whether through negotiations, legal proceedings or otherwise) of this Agreement, the Notes and the other documents to be delivered hereunder, including, without limitation, reasonable fees and
expenses of counsel for the Agent and each Lender in connection with the enforcement of rights under this Section 8.04(a). 
  

 35 

 (b) The Borrower agrees to indemnify and hold harmless the Agent and each Lender and each of their
Affiliates and their officers, directors, employees, agents and advisors (each, an “Indemnified Party”) from and against any and all claims, damages, losses, liabilities and expenses (including, without limitation, reasonable fees
and expenses of external counsel incurred by or asserted or awarded against any Indemnified Party, in each case arising out of or in connection with or by reason of (including, without limitation, in connection with any investigation, litigation or
proceeding or preparation of a defense in connection therewith) the Notes, this Agreement, any other Loan Document or any of the transactions contemplated herein or the actual or proposed use of the proceeds of the Advances, except to the extent
such claim, damage, loss, liability or expense is found in a final, non appealable judgment by a court of competent jurisdiction to have resulted from such Indemnified Party’s gross negligence or willful misconduct. In the case of an
investigation, litigation or other proceeding to which the indemnity in this Section 8.04(b) applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by the Borrower, its directors,
equity holders or creditors or an Indemnified Party or any other Person, whether or not any Indemnified Party is otherwise a party thereto and whether or not the transactions contemplated hereby are consummated. The Borrower also agrees not to
assert any claim for special, indirect, consequential or punitive damages against the Agent, any Lender, any of their Affiliates, or any of their respective directors, officers, employees, attorneys and agents, on any theory of liability arising out
of or otherwise relating to the Notes, this Agreement, any other Loan Document or any of the transactions contemplated herein or the actual or proposed use of the proceeds of the Advances. 
 (c) If any payment of principal of, or Conversion of, any Eurodollar Rate Advance is made by the Borrower to or for the account of a Lender other than on
the last day of the Interest Period for such Advance, as a result of a payment or Conversion pursuant to Section 2.07(d) or (e), 2.09 or 2.11, acceleration of the maturity of the Notes pursuant to Section 6.01 or for any other reason, the
Borrower shall, upon demand by such Lender (with a copy of such demand to the Agent), pay to the Agent for the account of such Lender any amounts required to compensate such Lender for any additional losses, costs or expenses that it may reasonably
incur as a result of such payment or Conversion, including, without limitation, any loss (including loss of anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by any Lender
to fund or maintain such Advance. 
 (d) Without prejudice to the survival of any other agreement of the Borrower hereunder, the agreements
and obligations of the Borrower contained in Sections 2.10, 2.13 and 8.04 shall survive the payment in full of principal, interest and all other amounts payable hereunder and under the Notes. 
 Section 8.05. Right of Set off. Upon (i) the occurrence and during the continuance of any Event of Default and (ii) the making of
the request or the granting of the consent specified by Section 6.01 to authorize the Agent to declare the Notes due and payable pursuant to the provisions of Section 6.01, each Lender and each of its Affiliates is hereby authorized at any
time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by such Lender or such
Affiliate to or for the 

  

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credit or the account of the Borrower against any and all of the obligations of the Borrower now or hereafter existing under this Agreement and the Note held
by such Lender, whether or not such Lender shall have made any demand under this Agreement or such Note and although such obligations may be unmatured. Each Lender agrees promptly to notify the Borrower after any such set-off and application,
provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of each Lender and its Affiliates under this Section are in addition to other rights and remedies (including, without
limitation, other rights of set-off) that such Lender and its Affiliates may have. 
 Section 8.06. Binding Effect. This
Agreement shall become effective (other than Section 2.01, which shall only become effective upon satisfaction of the conditions precedent set forth in Section 3.01) when it shall have been executed by the Borrower and the Agent and when
the Agent shall have been notified by each Initial Lender that such Initial Lender has executed it and thereafter shall be binding upon and inure to the benefit of the Borrower, the Agent and each Lender and their respective successors and assigns,
except that the Borrower shall not have the right to assign its rights hereunder or any interest herein without the prior written consent of the Lenders. 
 Section 8.07. Assignments and Participations. (a) Each Lender may assign to one or more Persons all or a portion of its rights and obligations under this Agreement (including, without limitation, all
or a portion of its Commitment, the Advances owing to it and the Note or Notes held by it); provided, however, that (i) each such assignment shall be of a constant, and not a varying, percentage of all rights and obligations under
this Agreement, (ii) except in the case of an assignment to a Person that, immediately prior to such assignment, was a Lender or an assignment of all of a Lender’s rights and obligations under this Agreement, the amount of the Commitment
of the assigning Lender being assigned pursuant to each such assignment (determined as of the date of the Assignment and Acceptance with respect to such assignment) shall in no event be less than $5,000,000, (iii) each such assignment shall be
to an Eligible Assignee, (iv) the parties to each such assignment shall execute and deliver to the Agent, for its acceptance and recording in the Register, an Assignment and Acceptance, together with any Note and (v) each such assignment
(except to an Affiliate of any Lender and except during the continuance of an Event of Default) shall require the consent of the Borrower, not to be unreasonably withheld. Upon such execution, delivery, acceptance and recording from and after the
effective date specified in each Assignment and Acceptance, (x) the assignee thereunder shall be a party hereto and, to the extent that rights and obligations hereunder have been assigned to it pursuant to such Assignment and Acceptance, have
the rights and obligations of a Lender hereunder and (y) the Lender assignor thereunder shall, to the extent that rights and obligations hereunder have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights (other
than its rights under Sections 2.11, 2.14 and 8.04 to the extent any claim thereunder relates to an event arising prior to such assignment) and be released from its obligations under this Agreement (and, in the case of an Assignment and
Acceptance covering all or the remaining portion of an assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto). 
 (b) By executing and delivering an Assignment and Acceptance, the Lender assignor thereunder and the assignee thereunder confirm to and agree with each other and the other parties hereto as follows: (i) other
than as provided in such Assignment and Acceptance, 

  

 37 

 
such assigning Lender makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in
or in connection with this Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of, or the perfection or priority of any lien or security interest created or purported to be created under or in connection
with, this Agreement or any other instrument or document furnished pursuant hereto; (ii) such assigning Lender makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Borrower or the
performance or observance by the Borrower of any of its obligations under this Agreement or any other instrument or document furnished pursuant hereto; (iii) such assignee confirms that it has received a copy of this Agreement, together with
copies of the financial statements referred to in Section 4.01 and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Acceptance; (iv) such
assignee will, independently and without reliance upon the Agent, such assigning Lender or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or
not taking action under this Agreement; (v) such assignee confirms that it is an Eligible Assignee; (vi) such assignee appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion
under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto; and (vii) such assignee agrees that it will perform in accordance with their terms all of the
obligations that by the terms of this Agreement are required to be performed by it as a Lender. 
 (c) The Agent shall maintain at its
address referred to in Section 8.02 a copy of each Assignment and Acceptance delivered to and accepted by it and a register for the recordation of the names and addresses of the Lenders and the Commitment of, and principal amount of the
Advances owing to, each Lender from time to time (the “Register”). The entries in the Register shall be conclusive and binding for all purposes, absent manifest error, and the Borrower, the Agent and the Lenders may treat each Person whose
name is recorded in the Register as a Lender hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.

 (d) Upon its receipt of an Assignment and Acceptance executed by an assigning Lender and an assignee representing that it is an Eligible
Assignee, together with any Note or Notes subject to such assignment, the Agent shall, if such Assignment and Acceptance has been completed and is in substantially the form of Exhibit C hereto, (i) accept such Assignment and Acceptance,
(ii) record the information contained therein in the Register and (iii) give prompt notice thereof to the Borrower. Within five Business Days after its receipt of such notice, the Borrower, at its own expense, shall execute and deliver to
the Agent in exchange for the surrendered Note a new Note to the order of such Eligible Assignee in an amount equal to the Commitment assumed by it pursuant to such Assignment and Acceptance and, if the assigning Lender has retained a Commitment
hereunder, a new Note to the order of the assigning Lender in an amount equal to the Commitment retained by it hereunder. Such new Note or Notes shall be in an aggregate principal amount equal to the aggregate principal amount of such surrendered
Note or Notes, shall be dated the effective date of such Assignment and Acceptance and shall otherwise be in substantially the form of Exhibit A hereto. 
  

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 (e) Each Lender may sell participations to one or more banks or other entities (other than the Borrower
or any of its Affiliates) in or to all or a portion of its rights and obligations under this Agreement (including, without limitation, all or a portion of its Commitment, the Advances owing to it and the Note or Notes held by it); provided,
however, that (i) such Lender’s obligations under this Agreement (including, without limitation, its Commitment to the Borrower hereunder) shall remain unchanged, (ii) such Lender shall remain solely responsible to the other
parties hereto for the performance of such obligations, (iii) such Lender shall remain the holder of any such Note for all purposes of this Agreement, (iv) the Borrower, the Agent and the other Lenders shall continue to deal solely and
directly with such Lender in connection with such Lender’s rights and obligations under this Agreement and (v) no participant under any such participation shall have any right to approve any amendment or waiver of any provision of this
Agreement or any Note or any other Loan Document, or any consent to any departure by the Borrower therefrom, except to the extent that such amendment, waiver or consent would reduce the principal of, or interest on, the Notes or any fees or other
amounts payable hereunder, in each case to the extent subject to such participation, or postpone any date fixed for any payment of principal of, or interest on, the Notes or any fees or other amounts payable hereunder, in each case to the extent
subject to such participation. 
 (f) Any Lender may, in connection with any assignment or participation or proposed assignment or
participation pursuant to this Section 8.07, disclose to the assignee or participant or proposed assignee or participant, any information relating to the Borrower furnished to such Lender by or on behalf of the Borrower; provided that, prior to
any such disclosure, the assignee or participant or proposed assignee or participant shall agree to preserve the confidentiality of any Confidential Information relating to the Borrower received by it from such Lender. 
 (g) Notwithstanding any other provision set forth in this Agreement, any Lender may at any time create a security interest in all or any portion of its
rights under this Agreement (including, without limitation, the Advances owing to it and the Note held by it) in favor of any Federal Reserve Bank in accordance with Regulation A of the Board of Governors of the Federal Reserve System. 

Section 8.08. Confidentiality. Neither the Agent nor any Lender shall disclose any Confidential Information to any other Person without
the consent of the Borrower, other than (a) to the Agent’s or such Lender’s Affiliates and their officers, directors, employees, agents and advisors and, as contemplated by Section 8.07(c), to actual or prospective assignees and
participants, and then only on a confidential basis, (b) as required by any law, rule or regulation or judicial process and (c) as requested or required by any state, federal or foreign authority or examiner regulating banks or banking.

 Section 8.09. Governing Law. This Agreement and the Notes shall be governed by, and construed in accordance with, the laws of
the State of California. 
 Section 8.10. Patriot Act. Each Lender and the Agent hereby notifies the Borrower that, pursuant to
the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies the Borrower, which information includes names and addresses and other information that will allow it to identify the Borrower in accordance
with the Patriot Act. 
  

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 Section 8.11. Execution in Counterparts. This Agreement may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart
of a signature page to this Agreement by telecopier shall be effective as delivery of a manually executed counterpart of this Agreement. 
 Section 8.12. Jurisdiction, Etc. (a) Each of the parties hereto hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of any California State court or federal court of
the United States of America sitting in San Francisco, California, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or the Notes, or for recognition or enforcement of any judgment,
and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in any such California State court or, to the extent permitted by law, in such
federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this
Agreement shall affect any right that any party may otherwise have to bring any action or proceeding relating to this Agreement or the Notes in the courts of any jurisdiction. 
 (b) Each of the parties hereto irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection that it
may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or the Notes in any California State or federal court. Each of the parties hereto hereby irrevocably waives, to the
fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 
 Section 8.13. Waiver of Jury Trial. Each of the Borrower, the Agent and the Lenders hereby irrevocably waives all right to trial by jury in any action, proceeding or counterclaim (whether based on contract, tort or otherwise)
arising out of or relating to this Agreement or the Notes or the actions of the Agent or any Lender in the negotiation, administration, performance or enforcement thereof. 
  

 40 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective
officers thereunto duly authorized, as of the date first above written. 
  

			
	 GREATER BAY BANCORP

		
	By	 	 /s/ James Westfall

		 	James Westfall
		 	Executive Vice President and CFO
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Agent
		
	By	 	 /s/ Robert B. McFadden

		 	Robert B. McFadden
		 	Vice President and Senior Relationship Manager
	
	 Initial Lender:

	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION

		
	By	 	 /s/ Robert B. McFadden

		 	Robert B. McFadden
		 	Vice President and Senior Relationship Manager

 SIGNATURE PAGE TO 
 CREDIT AGREEMENT 
  

 SCHEDULE I 
 GREATER BAY BANCORP 
 CREDIT AGREEMENT 
 COMMITMENTS AND APPLICABLE LENDING OFFICES 
  

							
	 Name of Initial Lender
	 	 Commitment
	 	 Domestic Lending Office
	 	 Eurodollar Lending Office

	Wells Fargo Bank, National Association	 	$125,000,000	 	 Wells Fargo Bank National Association
 201 Third
Street
 8th Floor
 MAC # A0187-081
 San Francisco, CA 94103
	 	 Wells Fargo Bank National Association
 201 Third
Street
 8th Floor
 MAC # A0187-081
 San Francisco, CA 94103

 SCHEDULE 1 
  

 EXHIBIT A 
 FORM OF PROMISSORY NOTE 
  

			
	U.S.$125,000,000	  	Dated: July     , 2007

 FOR VALUE RECEIVED, the undersigned, GREATER BAY BANCORP, a California corporation (the
“Borrower”), HEREBY PROMISES TO PAY to the order of                          (the
“Lender”) for the account of its Applicable Lending Office (as defined in the Credit Agreement referred to below) the principal sum of U.S.$125,000,000 or, if less, the aggregate principal amount of the Advances made by the Lender
to the Borrower pursuant to the Credit Agreement dated as of July 20, 2007 among the Borrower, the Lender and certain other lender parties thereto, and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Wells Fargo”), as Agent for the
Lender and such other lenders (as amended or modified from time to time, the “Credit Agreement”; the terms defined therein being used herein as therein defined) on the terms provided in the Credit Agreement. 
 The Borrower promises to pay interest on the unpaid principal amount of each Advance from the date of such Advance until such principal amount is paid in
full, at such interest rates, and payable at such times, as are specified in the Credit Agreement. 
 Both principal and interest are payable
in lawful money of the United States of America as provided in the Credit Agreement. Each Advance owing to the Lender by the Borrower pursuant to the Credit Agreement, and all payments made on account of principal thereof, shall be recorded by the
Lender and, prior to any transfer hereof, endorsed on the grid attached hereto which is part of this Promissory Note. 
 This Promissory Note
is one of the Notes referred to in, and is entitled to the benefits of, the Credit Agreement. The Credit Agreement, among other things, (i) provides for the making of Advances by the Lender to the Borrower from time to time in an aggregate
amount not to exceed at any time outstanding the U.S. dollar amount first above mentioned, the indebtedness of the Borrower resulting from each such Advance being evidenced by this Promissory Note, and (ii) contains provisions for acceleration
of the maturity hereof upon the happening of certain stated events and also for prepayments on account of principal hereof prior to the maturity hereof upon the terms and conditions therein specified. 
  

			
	 GREATER BAY BANCORP

		
	By	 	  

	Title:	 	

 EXHIBIT A-1 

 ADVANCES AND PAYMENTS OF PRINCIPAL 
  

									
	Date	 	Amount of Advance	 	Amount of
Principal Paid or Prepaid	 	Unpaid Principal Balance	 	Notation Made By
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

 EXHIBIT A-2 

 EXHIBIT B 
 FORM OF NOTICE OF BORROWING 
 Wells Fargo Bank, National Association, as Agent 
 for the Lenders party to the Credit Agreement 
 referred to below 

201 Third Street 
 8th Floor 
 San Francisco, CA 94103 
 Attention:
                                        
     
 [Date] 
 Ladies and
Gentlemen: 
 The undersigned, Greater Bay Bancorp, refers to the Credit Agreement, dated as of July 20, 2007 (as amended or modified
from time to time, the “Credit Agreement”, the terms defined therein being used herein as therein defined), among the undersigned, certain Lenders party thereto and Wells Fargo Bank, National Association, as Agent for said Lenders,
and hereby gives you notice, irrevocably, pursuant to Section 2.02 of the Credit Agreement that the undersigned hereby requests a Borrowing under the Credit Agreement, and in that connection sets forth below the information relating to such
Borrowing (the “Proposed Borrowing”) as required by Section 2.02(a) of the Credit Agreement: 
 (i) The
Business Day of the Proposed Borrowing is
                                        ,
20    . 
 (ii) The Type of Advances comprising the Proposed Borrowing is [Base Rate Advances]
[Eurodollar Rate Advances]. 
 (iii) The aggregate amount of the Proposed Borrowing is
$                                        .

 (iv) [The initial Interest Period for each Eurodollar Rate Advance made as part of the Proposed Borrowing is
                                        
month[s].] 
 The undersigned hereby certifies that the following statements are true on the date hereof, and will be true on the date of the
Proposed Borrowing: 
 (A) the representations and warranties contained in Section 4.01 of the Credit Agreement are
correct, before and after giving effect to the Proposed Borrowing and to the application of the proceeds therefrom, as though made on and as of such date; and 
 (B) no event has occurred and is continuing, or would result from such Proposed Borrowing or from the application of the proceeds
therefrom, that constitutes a Default. 
  

			
	 GREATER BAY BANCORP

		
	 By
	 	  

	Title:	 	

 EXHIBIT B-1 

 EXHIBIT C 
 FORM OF ASSIGNMENT AND ACCEPTANCE 
 Reference is made to the Credit Agreement dated as of July 20, 2007
(as amended or modified from time to time, the “Credit Agreement”) among Greater Bay Bancorp, a California corporation (the “Borrower”), the Lenders (as defined in the Credit Agreement) and Wells Fargo Bank,
National Association, as agent for the Lenders (the “Agent”). Terms defined in the Credit Agreement are used herein with the same meaning. 
 The “Assignor” and the “Assignee” referred to on Schedule 1 hereto agree as follows: 
 1. The Assignor hereby sells and assigns to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, an interest in and to the Assignor’s rights and obligations under the Credit Agreement as
of the date hereof equal to the percentage interest specified on Schedule 1 hereto of all outstanding rights and obligations under the Credit Agreement. After giving effect to such sale and assignment, the Assignor’s Commitment and the
amount of the Advances owing to the Assignor will be as set forth on Schedule 1 hereto. 
 2. The Assignor
(i) represents and warrants that it is the legal and beneficial owner of the interest being assigned by it hereunder and that such interest is free and clear of any adverse claim; (ii) makes no representation or warranty and assumes no
responsibility with respect to any statements, warranties or representations made in or in connection with the Credit Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of, or the perfection or priority
of any lien or security interest created or purported to be created under or in connection with, the Credit Agreement or any other instrument or document furnished pursuant thereto; (iii) makes no representation or warranty and assumes no
responsibility with respect to the financial condition of the Borrower or the performance or observance by the Borrower of any of its obligations under the Credit Agreement or any other instrument or document furnished pursuant thereto; and
(iv) attaches the Note held by the Assignor and requests that the Agent exchange such Note for a new Note payable to the order of the Assignee in an amount equal to the Commitment assumed by the Assignee pursuant hereto or new Notes payable to
the order of the Assignee in an amount equal to the Commitment assumed by the Assignee pursuant hereto and the Assignor in an amount equal to the Commitment retained by the Assignor under the Credit Agreement, respectively, as specified on
Schedule 1 hereto. 
 3. The Assignee (i) confirms that it has received a copy of the Credit Agreement, together
with copies of the financial statements referred to in Section 4.01 thereof and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Acceptance;
(ii) agrees that it will, independently and without reliance upon the Agent, the Assignor or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in
taking or not taking 

 
action under the Credit Agreement; (iii) confirms that it is an Eligible Assignee; (iv) appoints and authorizes the Agent to take such action as
agent on its behalf and to exercise such powers and discretion under the Credit Agreement as are delegated to the Agent by the terms thereof, together with such powers and discretion as are reasonably incidental thereto; (v) agrees that it will
perform in accordance with their terms all of the obligations that by the terms of the Credit Agreement are required to be performed by it as a Lender; and (vi) attaches any U.S. Internal Revenue Service forms required under Section 2.13
of the Credit Agreement. 
 4. Following the execution of this Assignment and Acceptance, it will be delivered to the Agent
for acceptance and recording by the Agent. The effective date for this Assignment and Acceptance (the “Effective Date”) shall be the date of acceptance hereof by the Agent, unless otherwise specified on Schedule 1 hereto.

 5. Upon such acceptance and recording by the Agent, as of the Effective Date, (i) the Assignee shall be a party to the
Credit Agreement and, to the extent provided in this Assignment and Acceptance, have the rights and obligations of a Lender thereunder and (ii) the Assignor shall, to the extent provided in this Assignment and Acceptance, relinquish its rights
and be released from its obligations under the Credit Agreement. 
 6. Upon such acceptance and recording by the Agent, from
and after the Effective Date, the Agent shall make all payments under the Credit Agreement and the Notes in respect of the interest assigned hereby (including, without limitation, all payments of principal, interest and facility fees with respect
thereto) to the Assignee. The Assignor and Assignee shall make all appropriate adjustments in payments under the Credit Agreement and the Notes for periods prior to the Effective Date directly between themselves. 
 7. This Assignment and Acceptance shall be governed by, and construed in accordance with, the laws of the State of California. 

8. This Assignment and Acceptance may be executed in any number of counterparts and by different parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of Schedule 1 to this Assignment and Acceptance by
telecopier shall be effective as delivery of a manually executed counterpart of this Assignment and Acceptance. 
 IN WITNESS WHEREOF, the
Assignor and the Assignee have caused Schedule 1 to this Assignment and Acceptance to be executed by their officers thereunto duly authorized as of the date specified thereon. 
 EXHIBIT C-2 
  

 2 

 Schedule 1 
 to 
 Assignment and Acceptance 
  

							
	 Percentage interest assigned:
	  			  	            	%
			
	 Assignee’s Commitment:
	  	$	                            	  		
			
	 Aggregate outstanding principal amount of Advances assigned:
	  	$	                            	  		
			
	 Principal amount of Note payable to Assignee:
	  	$	                            	  		
			
	 Principal amount of Note payable to Assignor:
	  	$	                            	  		
			
	 Effective Date1:                     , 20    
	  			  		

  

			
	[NAME OF ASSIGNOR], as Assignor
		
	By	 	  

	Title:	 	
		
	Dated:	 	                    , 20    
	
	[NAME OF ASSIGNEE], as Assignee
		
	By	 	  

	Title:	 	
	
	Domestic Lending Office:
	 [Address]

	
	Eurodollar Lending Office:
	 [Address]

	 1
	 This date should be no earlier than five Business Days after the delivery of this Assignment and
Acceptance to the Agent. 

 Accepted [and Approved]1 this      day of             ,
20     
                                       
                              , as Agent 
  

			
		
	By	 	  

	Title:	 	
	
	[Approved this      day of             ,
20    
	
	[NAME OF BORROWER]
		
	By	 	                                      
                                  ]2
	Title:	 	

	 1
	 Required if the Assignee is an Eligible Assignee solely by reason of clause (viii) of the
definition of “Eligible Assignee”. 

	 2
	 Required if the Assignee is an Eligible Assignee solely by reason of clause (viii) of the
definition of “Eligible Assignee”. 

 EXHIBIT C-2 
  

 2 

 EXHIBIT D 
 FORM OF OPINION OF COUNSEL 
 FOR THE BORROWER 
 [Date] 
 To each of the Lenders party 
 to the Credit Agreement dated 
 as of July     , 2007 among 
 Greater Bay Bancorp, said Lenders and 
 Wells Fargo Bank, National
Association, 
 as Agent for said Lenders 
 207 Third Street

 8th Floor 
 San Francisco, CA 94103 
 GREATER BAY BANCORP 
 Ladies and Gentlemen: 
 This opinion is furnished to you pursuant to Section 3.01(a)(v) of the Credit Agreement, dated as of July 20, 2007 (the “Credit
Agreement”), among Greater Bay Bancorp (the “Borrower”), the Lenders party thereto and Wells Fargo Bank, National Association, as Agent for said Lenders. Terms defined in the Credit Agreement are used herein as therein
defined. 
 I am internal General Counsel to the Borrower and in that capacity I have acted as counsel to the Borrower in connection with the
negotiation, preparation, execution and delivery of the Credit Agreement. 
 In that connection, I have examined: 
 (1) The Credit Agreement. 
 (2) The Notes. 
 (3) The Articles of Incorporation of the Borrower and all amendments thereto
(the “Charter”). 
 (4) The by laws of the Borrower and all amendments thereto (the
“By-laws”). 
 (5) A certificate of the Secretary of State of California, dated July __, 2007, attesting to
the continued corporate existence and good standing of the Borrower in that State. 
 In so acting, I have investigated such questions of
law, and I have also examined and relied upon the originals, or copies certified or otherwise identified to my satisfaction, of such records, documents, certificates and other information, as in my judgment are necessary or appropriate to enable me
to render the opinions expressed below. I have also examined the 

  

 EXHIBIT D-1 

 
originals or copies of the documents listed in a certificate of the chief financial officer of the Borrower, dated the date hereof (the
“Certificate”), certifying that the documents listed therein are all of the indentures, loan or credit agreements, leases, guarantees, mortgages, security agreements, bonds, notes and other agreements or instruments, and all of the
orders, writs, judgments, injunctions, decrees, determinations and awards, that affect or purport to affect the obligations of the Borrower under any of the Credit Agreement or the Notes and the transactions contemplated by the Credit Agreement or
the Notes. In addition, I have assumed (i) the genuineness of the signatures of persons signing all documents in connection with which this opinion is rendered on behalf of parties thereto, (ii) the authenticity of all documents submitted
to me as originals or execution copies and (iii) the conformity to authentic original documents of all documents submitted to me as certified, conformed or photostatic copies. 
 My opinions expressed below are limited to the law of the State of California and the Federal law of the United States. 
 Based upon the foregoing and upon such investigation as I have deemed necessary, I am of the following opinion: 
 1. The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the State of California.

 2. The execution, delivery and performance by the Borrower of the Credit Agreement and the Notes, and the consummation of
the transactions contemplated thereby, are within the Borrower’s corporate powers, have been duly authorized by all necessary corporate action, and do not contravene (i) the Charter or the By laws or (ii) any law, rule or regulation
applicable to the Borrower (including, without limitation, Regulation X of the Board of Governors of the Federal Reserve System) or (iii) any contractual or legal restriction contained in any document listed in the Certificate or, to the best
of my knowledge, contained in any other similar document. The Credit Agreement and the Notes have been duly executed and delivered on behalf of the Borrower. 
 3. No authorization, approval or other action by, and no notice to or filing with, any governmental authority or regulatory body or any
other third party is required for the due execution, delivery and performance by the Borrower of the Credit Agreement and the Notes, except as have been obtained or given. 
 4. The Credit Agreement is, and after giving effect to the initial Borrowing, the Notes will be, legal, valid and binding obligations of
the Borrower enforceable against the Borrower in accordance with their respective terms. 
 5. To the best of my knowledge,
there are no pending or overtly threatened actions or proceedings against the Borrower or any of its Subsidiaries before any court, governmental agency or arbitrator that purport to affect the legality, validity, binding effect or enforceability of
the Credit Agreement, any of the Notes or the consummation of the transactions contemplated thereby or that are likely to have a materially adverse effect upon the financial condition or operations of the Borrower or any of its Subsidiaries.

 EXHIBIT D-2 

 The opinions set forth above are subject to the following qualifications: 
 (a) My opinion in paragraph 4 above as to enforceability is subject to the effect of any applicable bankruptcy, insolvency (including, without limitation,
all laws relating to fraudulent transfers), reorganization, moratorium or similar law affecting creditors’ rights generally. 
 (b) My
opinion in paragraph 4 above as to enforceability is subject to the effect of general principles of equity, including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing (regardless of whether considered in a
proceeding in equity or at law). 
 (c) My opinions expressed above are limited to the law of the State of California and the federal law of
the United States, and I do not express any opinion herein concerning any other law. 
 (d) I express no opinion with respect to: 

(i) Section 8.05 of the Credit Agreement to the extent that such Section implies that set off may be made without notice;

 (ii) the effect of the law of any jurisdiction other than the State of California wherein any Lender may be located or
wherein enforcement of the Credit Agreement or the Notes may be sought that limits the rates of interest legally chargeable or collectible; 
 (iii) any provision of any of the Loan Documents purporting to relieve the Agent or any Lender of liability for its own negligence or willful misconduct; 
 (iv) any provision of any of the Loan Documents purporting to define what is commercially reasonable behavior or any provision which is
intended to establish any standard in any Loan Document as the measure of the performance by any party thereto, including without limitation, any party’s obligations of good faith, diligence, reasonableness or care or the fulfillment of the
duties imposed upon the Agent as a secured party with respect to disposition or redemption of collateral, accounting for surplus proceeds of collateral or accepting collateral in discharge of liabilities; 
 (v) the validity, enforceability or legality of any power of attorney, proxies or agency relationship purported to be created by the Loan
Documents; 
 (vi) the enforceability of provisions of the Loan Documents waiving vaguely or broadly stated rights or unknown
future rights or of provisions stating that rights or remedies are not exclusive, that every right or remedy is cumulative and may be exercised in addition to or with any other right or remedy or that the election of some particular remedy or
remedies does not preclude recourse to one or more others; 
 EXHIBIT D-3 

 (vii) waiver by the Borrower or any guarantor or any pledgor of any statutes of
limitation or right to trial by jury; 
 (viii) provisions of any of the Loan Documents that purport to preserve absolute and
unconditional rights of the Agent and the Lenders and obligations of any of the other parties thereto irrespective of the lack of validity or enforceability of the Loan Documents or of unspecified circumstances that would otherwise be available as a
defense to, or discharge the obligors from any such obligation; 
 A copy of this opinion letter may be delivered by any of you to any Person
that becomes a Lender in accordance with the provisions of the Credit Agreement. Any such Lender may rely on the opinions expressed above as if this opinion letter were addressed and delivered to such Lender on the date hereof. 
 This opinion letter is rendered to you in connection with the transactions contemplated by the Loan Documents. This opinion letter may not be relied upon
by you or any future Lender for any other purpose, or relied upon by or provided to any other Person, without my prior written consent. 
 This opinion letter speaks only as of the date hereof. I expressly disclaim any responsibility to advise you of any development or circumstance of any kind, including any change of law or fact, that may occur after the date of this opinion
letter even though such development, circumstance or change may affect the legal analysis, a legal conclusion or any other matter set forth in or relating to this opinion letter. Accordingly, any of you who may rely on this opinion letter at any
future time should seek advice of your counsel as to the proper application of this opinion letter at such time. 
 Very
truly yours, 
 EXHIBIT D-4Pennsylvania Real Estate Investment Trust2007-2009 Restricted Share Unit Program

 Exhibit 10.2 
 PENNSYLVANIA REAL ESTATE INVESTMENT TRUST 
 2007-2009 RESTRICTED SHARE UNIT PROGRAM 
 (Established under the Pennsylvania Real Estate 
 Investment Trust 2003 Equity Incentive Plan) 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	   1.
	  	PURPOSES	  	1
			
	   2.
	  	DEFINITIONS	  	1
			
	   3.
	  	AWARD AGREEMENT	  	4
			
	   4.
	  	PERFORMANCE GOAL; DELIVERY OF SHARES	  	4
			
	   5.
	  	BENEFICIARY DESIGNATION	  	7
			
	   6.
	  	DELIVERY TO GUARDIAN	  	7
			
	   7.
	  	SOURCE OF SHARES	  	7
			
	   8.
	  	CAPITAL ADJUSTMENTS.	  	8
			
	   9.
	  	TAX WITHHOLDING.	  	8
			
	 10.
	  	ADMINISTRATION	  	8
			
	 11.
	  	AMENDMENT AND TERMINATION	  	8
			
	 12.
	  	HEADINGS	  	8
			
	 13.
	  	INCORPORATION OF PLAN BY REFERENCE	  	8
		
	APPENDIX A	  	1
		
	APPENDIX B	  	1
		
	APPENDIX C	  	1

 PENNSYLVANIA REAL ESTATE INVESTMENT TRUST 
 2007-2009 RESTRICTED SHARE UNIT PROGRAM 
 (Established under the Pennsylvania Real
Estate 
 Investment Trust 2003 Equity Incentive Plan) 
 PREAMBLE 
 WHEREAS, Pennsylvania Real Estate Investment Trust (the “Trust”)
established, and its shareholders approved, the Pennsylvania Real Estate Investment Trust 2003 Equity Incentive Plan (the “Plan”), primarily in order to award equity-based benefits to certain officers and other key employees of the Trust
and its “Related Corporations” and “Subsidiary Entities” (both as defined in the Plan); 
 WHEREAS, one kind of an
equity-based benefit that can be awarded under the Plan is a “Performance Share,” defined in the Plan as “an Award that entitles the recipient to receive Shares, without payment, following the attainment of designated individual or
Corporate Performance Goals”; 
 WHEREAS, the Trust’s Executive Compensation and Human Resources Committee (the
“Committee”) is responsible for the administration of the Plan and may, pursuant to the powers granted to it thereunder, adopt rules and regulations for the administration of the Plan and determine the terms and conditions of each award
granted thereunder; 
 WHEREAS, the Committee desires to establish a program for the 2007 through 2009 period under the Plan for the
benefit of certain officers of the Trust and PREIT Services, LLC (one of the Trust’s Subsidiary Entities) whereby such officers would receive Performance Shares under the Plan, based on the extent to which the Trust attains the corporate goal
set forth in the program; and 
 WHEREAS, the Committee established in writing the objective performance goals for use under the
program, within the meaning of Treas. Reg. §1.162-27(e)(2)(i), in its February 21, 2007 meeting; 
 NOW, THEREFORE,
effective as of January 1, 2007, the Pennsylvania Real Estate Investment Trust 2007-2009 Restricted Share Unit Program is hereby adopted (under the Plan) by the Committee, with the following terms and conditions: 
 1. Purposes. The purposes of the Program are to motivate certain officers of the Employer to reach and exceed challenging goals for the Trust of
profitability and growth, and to focus the attention of the eligible officers on a critical financial indicator used to measure the success of the Trust and of other companies in the same business as the Trust. 
 2. Definitions 
 (a)
“Award” means an award of Restricted Share Units to a Participant. 

 (b) “Award Agreement” means a written document evidencing the grant to a Participant of
an Award, as described in Section 10.1 of the Plan. 
 (c) “Base Units” means the number of Restricted Share Units set
forth in the Award Agreement (increased by any additional Restricted Share Units “purchased” pursuant to Section 4(e) hereof) by which the number of Shares that may be delivered to a Participant is measured. 
 (d) “Board” means the Board of Trustees of the Trust. 
 (e) “Business Combination” means “Business Combination” as such term is defined in the definition of “Change in Control.” 
 (f) “Cause” means “Cause” as such term is defined in a Participant’s Employment Agreement or, if the Participant is not a
party to an Employment Agreement, then (solely for purposes of this Program) as set forth below – 
 (1) Fraud in connection with the
Participant’s employment; theft, misappropriation or embezzlement of funds of the Trust or its affiliates; or a willful violation of the provisions of the Trust’s Code of Business Conduct with respect to the purchase or sale of securities
of the Trust; 
 (2) Indictment of the Participant for a crime involving moral turpitude; 
 (3) Failure of the Participant to perform his or her duties to the Employer (other than on account of illness, accident, vacation or leave of absence)
that persists – after written demand for substantial performance which specifically identifies the manner in which the Participant has failed to perform – for more than 30 calendar days after such notice to him or her; or 
 (4) The Participant’s repeated abuse of alcohol or drugs. 
 (g) “Change in Control” means “Change in Control” as such term is defined in a Participant’s Employment Agreement or, if the Participant is not party, to an Employment Agreement, then
as defined in the Plan. 
 (h) “Code” means the Internal Revenue Code of 1986, as amended. 
 (i) “Committee” means the Executive Compensation and Human Resources Committee of the Board, which Committee has developed the Program
and has the responsibility to administer the Program under Section 3 of the Plan and Section 10 hereof. 
 (j) “Corporate
Goal” means the specific performance goal, set forth in Section 4(a) hereof, which must be achieved in order for a Participant to receive Shares under an Award. 
 (k) “DER” means “DER” (dividend equivalent right) as such term is defined in the Plan. 
  

 - 2 - 

 (l) “Disability Termination” means the termination of a Participant’s employment
under the disability provisions of the Participant’s Employment Agreement or, if the Participant is not a party to an Employment Agreement, then as a result of a “Disability” as defined in the Plan. 
 (m) “Effective Date” means January 1, 2007. 
 (n) “Employer” means, collectively and individually (as applicable), the Trust and Services, and any other “Related Corporation” or “Subsidiary Entity” (both as defined in the
Plan) that becomes an Employer under the Plan with the consent of the Trust. 
 (o) “Employment Agreement” means the written
agreement entered into by a Participant and an Employer (if any) setting forth the terms and conditions of the Participant’s employment, as amended at any applicable time. 
 (p) “Good Reason” means “Good Reason” as such term is defined in a Participant’s Employment Agreement or, if the
Participant is not a party to an Employment Agreement, then the relocation of the Participant’s principal business office outside the metropolitan Philadelphia area without the consent of the Participant. 
 (q) “Measurement Period” means the period beginning on the Effective Date and ending on the earlier of December 31, 2009 or the
date of a Change in Control (provided that, if the Change in Control arises from a Business Combination, the Measurement Period shall end on the date of the closing or effectiveness of the Business Combination, as applicable). 
 (r) “Participant” means each individual who has received an Award under the Program. 
 (s) “Plan” means the Pennsylvania Real Estate Investment Trust 2003 Equity Incentive Plan, as it may be amended from time to time.

 (t) “Program” means the Pennsylvania Real Estate Investment Trust 2007-2009 Restricted Share Unit Program (established
under the Plan), as it may be amended from time to time. 
 (u) “Restricted Share Unit” or “RSU” means an
Award of a “Performance Share,” as such term is defined in the Plan. 
 (v) “Services” means PREIT Services, LLC,
a Delaware limited liability company. 
 (w) “Shares” means “Shares” as such term is defined in the Plan.

 (x) “Subsidiary Entity” means “Subsidiary Entity” as defined in the Plan. 
 (y) “Trust” means Pennsylvania Real Estate Investment Trust, a Pennsylvania business trust. 
 (z) “Trustee” means a member of the Board. 
  

 - 3 - 

 3. Award Agreement. Each Participant shall be issued an Award Agreement setting forth the initial
number of Base Units awarded to the Participant and entitling the Participant to receive the number of Shares determined under Section 4 hereof based on the extent to which the Corporate Goal is achieved. Such Base Units shall be subject to the
adjustments described in Section 8 hereof. Each Award Agreement and the Shares which may be delivered thereunder are subject to the terms of this Program and the terms of the Plan. 
 4. Performance Goal; Delivery of Shares 
 (a) If, for the Measurement Period, the Trust’s performance, based on its “TRS” (as defined below), equals or exceeds the “Threshold” (as defined below), then the Trust shall deliver to each Participant the number
of Shares (rounded down to the nearest whole number of Shares) determined by first multiplying the whole percentile (expressed as a percentage equal to the percentile rounded up for fractions of one-half or greater) at which the Trust’s TRS for
the Measurement Period places the Trust among the component members of the “MSCI US REIT Index” (as defined below) for the Measurement Period, each ranked pursuant to such TRS, by two, and then multiplying that product by the
Participant’s Base Units; provided, however, that the number of Shares that may be delivered shall not exceed 150% of the Participant’s Base Units. Shares will be delivered under the Program to the extent that Shares remain available under
the Plan. If the total number of Shares to be delivered exceeds the number of Shares available under the Plan, then the number of Shares for each Participant will be reduced on a pro rata basis based on each individual Participant’s Base Units
as compared to the total of all Participants’ Base Units. If, for the Measurement Period, the Trust’s performance, based on its TRS, does not equal or exceed the Threshold, the Trust shall not deliver any Shares to the Participants. Also,
except as provided in subsection (c) below, a Participant must be employed by an Employer on the last day of the Measurement Period in order to receive any Shares under this Program. See Appendix A attached hereto for examples illustrating the
operation of this Section. 
 (b) Definitions for this Section. The following terms shall be defined as set forth below: 

(1) “MSCI US REIT Index” means the MSCI US REIT Index’s gross index (as it may be renamed from time to time) or, in the event
such index shall cease to be published, such other index as the Committee shall determine to be comparable thereto. 
 (2) “Share
Value” means, as applicable and except as provided in the following sentence, the average of the closing prices of one Share on the New York Stock Exchange (the “NYSE”) (or, if not then listed on the NYSE, on the principal market
or quotation system on which then traded) for (i) the 20 days on which Shares were traded prior to the Effective Date (for the value of a Share on the Effective Date); (ii) the 20 days on which Shares were traded prior to and including the
last day of the Measurement Period (for the value of a Share on the last day of the Measurement Period); or (iii) the 20 days on which the Shares were traded prior to and including the applicable dividend payment date (for the
“purchase” of additional RSUs under subsection (e) below). In the event of a Business Combination approved by the shareholders of the Trust on or prior to December 31, 2009, Share Value shall mean the final price per Share agreed
upon by the parties to the Business Combination. 
  

 - 4 - 

 (3) “Threshold” means that, for
the Measurement Period, the Trust’s TRS places the Trust at least at the 25th percentile among the component
members (including the Trust) of the MSCI US REIT Index at the end of the Measurement Period (ranked based upon each such member’s TRS for the Measurement Period). 
 (4) “TRS” means total return to shareholders for the Measurement Period, as calculated by the MSCI US REIT Index for the Trust and for the other component members of such index. 
 (c) Termination of Employment. A Participant’s Award Agreement shall provide that if, prior to the last day of the Measurement Period, the
Participant’s employment with the Employer terminates for any reason (including death, a Disability Termination, termination for Good Reason, or termination by an Employer for reasons other than Cause), the Participant – subject to
paragraphs (1) and (2) below – shall forfeit all of the Base Units (and all of the Shares that may have become deliverable with respect to such Base Units) subject to the RSUs the Participant was granted under the Program. 

(1) Committee Discretion. Notwithstanding the first sentence of this subsection (c), the Committee may, on its own initiative or upon the
recommendation of the Chief Executive Officer of the Trust (but in the Committee’s sole discretion), amend the Participant’s Award Agreement to permit the Participant (or the Participant’s beneficiary(ies), if applicable) to receive
Shares under the Program, provided the Trust’s TRS equals or exceeds the Threshold for the Measurement Period. Such amendment may provide for the Participant to receive such number of Shares following the end of the Measurement Period as the
Committee shall determine, provided that such number of Shares shall not exceed the number of Shares that the Participant would have received under the original Award Agreement had such Participant been an employee at the end of the Measurement
Period. 
 (2) Termination Before Change in Control. Notwithstanding the first sentence of this subsection (c), if the Participant
terminates his or her employment with the Employer for Good Reason or if the Employer terminates the Participant’s employment for reasons other than Cause, in either case within the one-year period preceding a Change in Control (provided that,
if the Change in Control arises from a Business Combination, the one-year period shall be measured from the date of the closing or effectiveness of the Business Combination, as applicable), the Participant (or the Participant’s
beneficiary(ies), if applicable) shall be eligible to receive Shares under the Program (if any) as though the Participant had remained employed by the Employer through the end of the Measurement Period. 
 (d) Determination of Performance; Share Delivery. Within 30 days after the end of the Measurement Period, the Committee shall provide each
Participant with a written determination of whether the Trust did or did not attain the Corporate Goal for the Measurement Period (and, if applicable, the extent to which the Corporate Goal was attained) and the calculations used to make such
determination. If Shares are to be delivered under the Program, they shall be delivered to Participants on March 1, 2010 (unless a Participant elects otherwise pursuant to subsection (f) below) or, if a Change in Control occurs before
January 1, 2010, on the fifth day after the last day of the Measurement Period ending on (or, if applicable, after) the Change in Control. 
  

 - 5 - 

 (e) DERs. Participants shall be awarded DERs with respect to their initial number of Base Units.
Each DER will be expressed as a specific dollar amount (the “Dollar Amount”) equal to the dollar amount of the dividend paid on an actual Share on a specific date (the “Dividend Date”) multiplied by the Participant’s initial
number of Base Units. Until the end of the Measurement Period, the Committee will apply the Dollar Amount to “purchase” a number of additional RSUs equal to the Dollar Amount divided by the Share Value. The delivery of Shares under such
additional RSUs shall also be subject to the attainment of the Corporate Goal set forth in subsection (a) above. DERs shall also be awarded on such additional RSUs and applied in the same manner (thereby increasing the Participant’s Base
Units on a cumulative basis). RSUs deemed purchased with DERs hereunder may be whole or fractional units. 
 Participants who make a deferral
election under subsection (f) below shall also be awarded DERs under the Plan with respect to their deferred Shares. Each such DER will be expressed as a Dollar Amount equal to the dollar amount of the dividend paid on an actual Share on a
Dividend Date during the deferral period multiplied by the number of Shares still deferred by the Participant as of the Dividend Date. The Committee will apply the Dollar Amount to “purchase” notional shares (on which DERs thereafter will
also be awarded and applied in the same manner) at the closing price of a Share on the Dividend Date. Notional shares deemed purchased with DERs hereunder may be whole or fractional shares. DERs expressed as a Dollar Amount will continue to be
applied to “purchase” notional shares on Dividend Dates until all of the Participant’s deferred Shares are delivered to the Participant (or to his or her beneficiary(ies), if applicable), as elected in his or her deferral election
agreement. A Participant’s notional shares “purchased” with DERs awarded with respect to his or her deferred Shares shall be 100% vested at all times. 
 The Trust shall establish a bookkeeping account (the “DER Account”) for each such Participant and credit to such account the number of whole and fractional additional RSUs and notional shares deemed
purchased with the Dollar Amounts. The Participant’s additional RSUs and notional shares shall be subject to the adjustments described in Section 8 hereof. All whole additional RSUs (for which Shares become deliverable under this Section)
and whole notional shares credited to a Participant’s DER Account shall be replaced by issued Shares on a one-to-one basis on the delivery date referred to in subsection (d) above, and the fractional additional RSUs (for which Shares
become deliverable under this Section) and fractional notional shares credited to a Participant’s DER Account shall be aggregated and replaced by issued Shares (and with cash in lieu of a fractional Share) based on the closing price of a Share
on the replacement date, and delivered to the Participant (or to his or her beneficiary(ies), if applicable) on the date the associated Shares are delivered to the Participant. 
 (f) Elective Deferrals. Except in the event of delivery on account of a Change in Control, if Shares are to be delivered under the Program, a
Participant may elect to defer delivery (and the Trust shall defer issuance) of all or a portion of the Shares until, as specified in the Participant’s deferral election agreement, (i) the Participant’s separation from service from
the Trust’s controlled group of entities and/or (ii) a date chosen by the Participant. The Participant may also elect in the deferral election agreement to receive Shares upon the occurrence of an “unforeseeable emergency,” as
defined in section 409A(a)(2)(B)(ii) of the Code, to the extent not prohibited by that section of the Code and regulations issued thereunder. If a Change in Control or the Participant’s death occurs during the deferral period, the
Participant’s Shares (and cash attributable to DERs) shall be delivered in a single sum to the 

  

 - 6 - 

 
Participant or to the Participant’s beneficiary(ies) (as applicable) on the 30th day after the Change in Control (provided that, if the Change in Control arises from a Business Combination, the Change in Control shall be deemed to occur on
the date of the closing or effectiveness of the Business Combination, as applicable) or the Participant’s death (as applicable). 
 A
Participant’s deferral election agreement must be submitted to the Committee no later than June 30, 2009 in order to be effective; otherwise, Shares (and cash attributable to DERs) deliverable to the Participant, if any, will be delivered
on March 1, 2010. Unless the delivery of deferred Shares is occasioned by either of the events described in the last sentence of the preceding paragraph, if deferred Shares are to be delivered to a Participant who is a “specified
employee,” as defined in section 409A(a)(2)(B)(i) of the Code, upon his or her separation from service from the Trust’s controlled group of entities, the Trust shall issue and deliver such deferred Shares (and cash attributable to DERs) on
the date that is six months after the date of his or her separation from service. A deferral election agreement shall be substantially in the form set forth in Appendix B attached hereto. 
 The Committee shall administer the delivery of Shares (and cash attributable to DERs) under an election made pursuant to this subsection
(f) and the underlying deferral election agreement in accordance with section 409A of the Code and regulations and other guidance issued thereunder. 
 5. Beneficiary Designation 
 (a) Each Participant shall designate the person(s) as the
beneficiary(ies) to whom the Participant’s Shares shall be delivered in the event of the Participant’s death prior to the delivery of the Shares to him or her. Each beneficiary designation shall be substantially in the form set forth in
Appendix C attached hereto and shall be effective only when filed with the Committee during the Participant’s lifetime. 
 (b) Any
beneficiary designation may be changed by a Participant without the consent of any previously designated beneficiary or any other person by the filing of a new beneficiary designation with the Committee. The filing of a new beneficiary designation
shall cancel all beneficiary designations previously filed. 
 (c) If any Participant fails to designate a beneficiary in the manner provided
above, or if the beneficiary designated by a Participant predeceases the Participant, the Committee shall direct such Participant’s Shares to be delivered to the Participant’s surviving spouse or, if the Participant has no surviving
spouse, then to the Participant’s estate. 
 6. Delivery to Guardian. If Shares are issuable under this Program to a minor, a
person declared incompetent, or a person incapable of handling the disposition of property, the Committee may direct the delivery of the Shares to the guardian, legal representative, or person having the care and custody of the minor, incompetent or
incapable person. The Committee may require proof of incompetence, minority, incapacity or guardianship as the Committee may deem appropriate prior to the delivery. The delivery shall completely discharge the Committee, the Trustees and the Employer
from all liability with respect to the Shares delivered. 
 7. Source of Shares. This Program shall be unfunded, and the delivery of
Shares shall be pursuant to the Plan. Each Participant and beneficiary shall be a general and unsecured creditor of the Employer to the extent of the Shares determined hereunder, and the 

  

 - 7 - 

 
Participant shall have no right, title or interest in any specific asset that the Employer may set aside, earmark or identify as reserved for the delivery of
Shares under the Program. The Employer’s obligation under the Program shall be merely that of an unfunded and unsecured promise to deliver Shares in the future, provided the Corporate Goal is met. 
 8. Capital Adjustments. Calculations required under the Program, the number of Base Units awarded under the Program, and the number of Shares that
may be delivered under the Program shall be adjusted to reflect any increase or decrease in the number of issued Shares resulting from a subdivision (share-split), consolidation (reverse split), share dividend, or other change in the capitalization
of the Trust during the Measurement Period. 
 9. Tax Withholding. The delivery of Shares (and cash, if applicable) to a Participant
or beneficiary under this Program shall be subject to applicable tax withholding pursuant to Section 10.6 of the Plan. 
 10.
Administration. This Program shall be administered by the Committee pursuant to the powers granted to it in Section 3 of the Plan. 
 11. Amendment and Termination. The Committee reserves the right to amend the Program, by written resolution, at any time and from time to time in any fashion, provided any such amendment does not conflict with the terms of the Plan,
and to terminate it at will. However, no amendment or termination of the Program shall adversely affect any Award Agreement already issued under the Program without the written consent of the affected Participant(s). 
 12. Headings. The headings of the Sections and subsections of the Program are for reference only. In the event of a conflict between a heading and
the content of a Section or subsection, the content of the Section or subsection shall control. 
 13. Incorporation of Plan by
Reference. Because the Program is established under the Plan in order to provide for, and determine the terms and conditions of, the granting of certain Awards thereunder, the terms and conditions of the Plan are hereby incorporated by reference
and made a part of this Program. If any terms of the Program conflict with the terms of the Plan, the terms of the Plan shall control. 
  

 - 8 - 

 APPENDIX A 
 PENNSYLVANIA REAL ESTATE INVESTMENT TRUST 
 2007-2009 RESTRICTED SHARE UNIT PROGRAM 
 (Established under the Pennsylvania Real Estate 
 Investment Trust 2003 Equity Incentive Plan) 
 EXAMPLES* 
 Example 1. Full
Measurement Period 
 A is a participant in the Pennsylvania Real Estate Investment Trust 2007-2009 Restricted Share Unit Program (the
“Program”). The average closing price per beneficial interest in Pennsylvania Real Estate Investment Trust (a “Share”) for the last 20 trading days before January 1, 2007 is $40, and the average closing price per Share for
the 20 trading days ending on December 31, 2009 is $66. For the three-year period beginning January 1, 2007 and ending December 31, 2009 (the “Measurement Period”), dividends total $9 per Share (and are paid in an equal
amount on a quarterly basis – i.e., $.75 dividend per Share per quarter). 
 Total Return to Shareholders (“TRS”) on one Share
(expressed as a percentage) over the Measurement Period is calculated as follows: 
  

					
	 12/31/09 Value of One Share
	  	$	66	 
	 + Dividends over Measurement Period on One Share
	  	 	+ 9	 
		  	$	75	 
	Divided by 1/1/07 Value of One Share	  	 	/ 40	 
		  	 	1.875	 
		
	TRS	  	 	87.5	%

 Participant A receives a Restricted Share Unit award for 250 “Base Units” (as defined in the Program).
Participant A also receives “DERs” (as defined in the Program) on his Base Units, such that his total number of Base Units on December 31, 2009 is 295.5, calculated as follows: 

	 *
	 The examples set forth in this Appendix A do not show the full calculation of “TRS” (as
defined below) because, for ease of explanation, they do not reflect that each cash dividend paid during the “Measurement Period” (as defined below) is deemed to be reinvested in a fractional notional share of the “Trust” (as
defined below). When actually calculating TRS, each cash dividend will generally be deemed to be reinvested in a fractional notional share by the “MSCI US REIT Index” (as defined below) provided that such deemed reinvestment is consistent
with the index’s methodology.  

											
	 Date
	  	Base Units as
of Date	  	Total Dividend	  	 20-Day
 Average Share Price
	  	 Additional
 RSUs
“Purchased” on
Date

	 1/1/07
	  	250   	  	 	—  	  	 	—  	  	—  
	 3/15/07
	  	250   	  	$	187.50	  	$	42	  	4.5
	 6/15/07
	  	254.5	  	$	190.88	  	$	44	  	4.3
	 9/15/07
	  	258.8	  	$	194.10	  	$	46	  	4.2
	 12/15/07
	  	263   	  	$	197.25	  	$	50	  	3.9
	 3/15/08
	  	266.9	  	$	200.18	  	$	52	  	3.8
	 6/15/08
	  	270.7	  	$	203.03	  	$	54	  	3.8
	 9/15/08
	  	274.5	  	$	205.88	  	$	56	  	3.7
	 12/15/08
	  	278.2	  	$	208.65	  	$	60	  	3.5
	 3/15/09
	  	281.7	  	$	211.28	  	$	58	  	3.6
	 6/15/09
	  	285.3	  	$	213.98	  	$	62	  	3.5
	 9/15/09
	  	288.8	  	$	216.60	  	$	64	  	3.4
	 12/15/09
	  	292.2	  	$	219.15	  	$	66	  	3.3
	 12/31/09
	  	295.5	  	 	—  	  	 	—  	  	—  

 If, as of December 31, 2009, the Trust’s TRS places the Trust at the percentiles listed below among the
component members of the “MSCI US REIT Index” (as defined in the Program) (ranked pursuant to each member’s TRS over the Measurement Period), Participant A would receive the following number of Shares (with fractional Shares settled
in cash): 
  

						
	 Percentile
	  	 Percent of
 Base Units
 Deliverable in Shares
	 	 	Shares
	 Below 25th
	  	0	%	 	0
	 25th
	  	50	%	 	147 (plus cash for .8 Share)
	 40th
	  	80	%	 	236 (plus cash for .4 Share)
	 50th
	  	100	%	 	295 (plus cash for .5 Share)
	 65th
	  	130	%	 	384 (plus cash for .2 Share)
	 75th or
above
	  	150	%	 	443 (plus cash for .3 Share)

 Example 2. Change in Control 
 Assume the same facts as in Example 1, except that a “Change in Control” (as defined in the Program) occurs when the Trust’s shareholders approve a “Business Combination” (as defined in the
Program), which became effective as of October 15, 2008. From the period between January 1, 2007 and October 15, 2008 inclusive, total dividends of $5.25 per Share have been paid. Because of the Change in Control, the Measurement
Period will end on October 15, 2008, rather than December 31, 2009. The final price per Share agreed upon by the parties to the Change in Control is $55. 
  

 A-2 

 “TRS” on one Share (expressed as a percentage) over the Measurement Period (ending October 15, 2008) is
calculated as follows: 
  

					
	 10/15/08 Value of One Share
	  	$	55.00	 
	 + Dividends over Measurement Period on One Share
	  	+ $	5.25	 
		  	$	60.25	 
	 Divided by 1/1/07 Value of One Share
	  	 	/40	 
		  	 	1.506	 
	TRS	  	 	50.6	%
		  			

 As of October 15, 2008, Participant A has 274.5 Base Units. If, as of October 15, 2008, the Trust’s
TRS places the Trust at the percentiles listed below among the component members of the MSCI US REIT Index (ranked pursuant to each member’s TRS over the Measurement Period), Participant A would receive the following number of Shares (with
fractional Shares settled in cash): 
  

						
	 Percentile
	  	 Percent of
 Base Units
 Deliverable in Shares
	 	 	Shares
	 Below 25th
	  	0	%	 	0
	 25th
	  	50	%	 	137 (plus cash for .3 Share)
	 40th
	  	80	%	 	219 (plus cash for .6 Share)
	 50th
	  	100	%	 	274 (plus cash for .5 Share)
	 65th
	  	130	%	 	356 (plus cash for .9 Share)
	 75th or
above
	  	150	%	 	411 (plus cash for .8 Share)

 Example 3. Termination During the Measurement Period 
 Assume the same facts as in Example 1, except that Participant A’s employment is terminated without Cause on May 5, 2008 (and no Change in Control occurs on or
before May 5, 2009). The Committee, upon the recommendation of the Chief Executive Officer of the Trust but in the Committee’s sole discretion, elects to allow the Participant to receive a pro-rated number of Shares based on the
Trust’s performance for the Measurement Period, even though the Participant’s employment terminated before the end of the Measurement Period (see Section 4(c) of the Program). From the period between January 1, 2007 and
May 5, 2008 inclusive, total dividends of $3.75 per Share have been paid. Thus, as of his date of termination, Participant A has 266.9 Base Units. Because Participant A was employed for 491 days of the 1097 days in the Measurement Period, the
Committee decides to award him 45% (491/1097) of the Shares he would have been entitled to if he had remained an employee through the end of the Measurement Period. 
 If, as of December 31, 2009, the Trust’s TRS places the Trust at the percentiles listed below among the component members of the MSCI US REIT Index (ranked pursuant to each member’s TRS over the
Measurement Period), Participant A would receive the following number of Shares (with fractional Shares settled in cash): 
  

 A-3 

									
	 Percentile
	  	 Percent of
 Base Units Deliverable
in Shares
	 	 	Pro-Rated Award	 	 	Shares
	 Below 25th
	  	0	%	 	45	%	 	0
	 25th
	  	50	%	 	45	%	 	60 (plus cash for .1 Share)
	 40th
	  	80	%	 	45	%	 	96 (plus cash for .1 Share)
	 50th 
	  	100	%	 	45	%	 	120 (plus cash for .1 Share)
	 65th
	  	130	%	 	45	%	 	156 (plus cash for .1 Share)
	 75th or
above
	  	150	%	 	45	%	 	180 (plus cash for .2 Share)

  

 A-4 

 APPENDIX B 
 PENNSYLVANIA REAL ESTATE INVESTMENT TRUST 
 2007-2009 RESTRICTED SHARE UNIT PROGRAM 
 (Established under the Pennsylvania Real Estate 
 Investment Trust 2003 Equity Incentive Plan) 
 DEFERRAL ELECTION
AGREEMENT* 
 The Pennsylvania Real Estate Investment Trust 2007-2009 Restricted Share Unit Program effective as of January 1, 2007 (the “Program”), provides a select group of management or highly compensated employees with the ability to
defer a portion of their compensation earned under the Program. The purpose of this Deferral Election Agreement is to allow you to defer the delivery of all or a portion of the Shares (and Shares deliverable with respect to dividend equivalent
rights (“DERs”) awarded thereon) that are otherwise deliverable to you under the Program until one of the events selected below occurs. 
 AFTER
YOU SIGN THIS DEFERRAL ELECTION AGREEMENT AND IT IS ACCEPTED BY PENNSYLVANIA REAL ESTATE INVESTMENT TRUST (THE “TRUST”), YOU MAY NOT REVOKE IT AFTER JUNE 30, 2009. IF YOU DECIDE SUBSEQUENTLY TO CHOOSE A LATER DELIVERY DATE, YOU MUST SUBMIT
A NEW DEFERRAL ELECTION AGREEMENT AT LEAST 12 MONTHS PRIOR TO YOUR ORIGINAL DELIVERY DATE AND YOUR NEW DELIVERY DATE MUST BE AT LEAST FIVE YEARS AFTER YOUR ORIGINAL DELIVERY DATE. YOU MAY NOT, UNDER ANY CIRCUMSTANCES, ACCELERATE THE DELIVERY OF YOUR
PERFORMANCE SHARES (OR THE SHARES DELIVERABLE WITH RESPECT TO ANY DERS AWARDED THEREON) AFTER THIS DEFERRAL ELECTION AGREEMENT HAS BECOME EFFECTIVE (OTHER THAN AS A RESULT OF AN UNFORESEEABLE EMERGENCY, IF ELECTED BELOW). 
 You need only complete this Deferral Election Agreement if you wish to defer the delivery of Shares (and Shares deliverable with respect to DERs awarded thereon) that
become deliverable to you under the Program. Capitalized terms in this Deferral Election Agreement are defined in the Program. 
  

	1.	Participation Election 

  ̈ I hereby elect to defer under the terms of the Program the delivery of              % [insert any whole
percentage from one to 100 percent, inclusive] of the Shares that may become deliverable to me under the Program. 

	 *
	 Because of the complexities involved in the application of federal, state and local tax laws to specific
circumstances and the uncertainties as to possible future changes in the tax laws, you should consult your personal tax advisor regarding your own situation before completing this Deferral Election Agreement. 

	2.	Delivery Date Election 

 I hereby elect to have the Trust deliver
the percentage set forth above of the Shares (and the Shares deliverable with respect to DERs awarded thereon) that may become deliverable to me under the Program upon the following event [check only one box]: 
  ̈ (A) On
the 10th calendar day after my separation from service from the Trust’s controlled group of entities (the date
which is six months after such separation from service if I am a “specified employee” at that time – see Section 4(f) of the Program). 
  ̈ (B) On the following date:
                         , 20     [must be after March 1, 2010]. 

 ̈ (C)
Upon the earlier of the 10th calendar day after my separation from service (as described in event (A) above) or
the following date:                          , 20     [must be after March 1,
2010]. 
  

	3.	Acceleration in the Event of an Unforeseeable Emergency 

 In
addition to the election I made in 2 above, if I check the following box, I also elect to have the Trust deliver Shares (and Shares deliverable with respect to DERs awarded thereon), to the extent permitted by applicable law, to me: 
  ̈ Upon an “Unforeseeable Emergency,” as defined in
Section 4(f) of the Program. (This term is defined quite restrictively in the Internal Revenue Code. See the footnote on the previous page regarding consulting with your own tax advisor before completing this Deferral Election Agreement.)

  

	4.	Change in Control or Death 

 If a Change in Control or my death occurs before all of the Shares (and Shares deliverable with respect to DERs awarded thereon) are delivered to me, such Shares shall be delivered in a single sum to me or to my
beneficiary(ies) designated in my Beneficiary Designation Form (as applicable) on the 30th day after such Change in
Control (provided that, if the Change in Control arises from a Business Combination, the Change in Control shall be deemed to occur on the date of the closing or effectiveness of the Business Combination, as applicable) or death (as applicable).

  

	5.	Insufficient Share Possibility 

 Because of the finite number of
Shares available under the Pennsylvania Real Estate Investment Trust 2003 Equity Incentive Plan, I understand that it is possible that not enough Shares will still be available under the Plan to deliver all of the Shares otherwise required to be
delivered to me (or to my beneficiary(ies)) on the deferral date(s) chosen in 2 and 3 above. 
 *    *    *    *    * 
  

 B-2 

 By signing this Deferral Election Agreement, I agree to the terms and conditions of the Program as the Program now
exists, and as it may be amended from time to time (provided that no amendment of the Program will adversely affect my rights under the Program without my written consent). 
  

					
	  
	 		 	  

	Signature of Participant	 		 	Date

  

			
	ACCEPTED:
	
	Executive Compensation and Human Resources Committee of Pennsylvania Real Estate Investment Trust
		
	By:	 	  

		
	Date:	 	  

  

 B-3 

 APPENDIX C 
 PENNSYLVANIA REAL ESTATE INVESTMENT TRUST 
 2007-2009 RESTRICTED SHARE UNIT PROGRAM 
 (Established under the Pennsylvania Real Estate 
 Investment Trust 2003 Equity Incentive Plan) 
 BENEFICIARY DESIGNATION FORM 
 This Form is for your use under the Pennsylvania Real Estate Investment Trust 2007-2009 Restricted Share Unit Program (the “Program”) to name a
beneficiary for the Shares that may be deliverable to you from the Program. You should complete the Form, sign it, have it signed by your Employer, and date it. 
 *             *            
*             * 
 I understand that in the event of my death before I receive
Shares that may be deliverable to me under the Program, the Shares will be delivered to the beneficiary designated by me below or, if none or if my designated beneficiary predeceases me, to my surviving spouse or, if none, to my estate. I further
understand that the last beneficiary designation filed by me during my lifetime and accepted by my Employer cancels all prior beneficiary designations previously filed by me under the Program. 
 I hereby state that
                                        
[insert name], residing at
                                        
                                 [insert address], whose Social Security number is
                        , is designated as my beneficiary. 
  

							
	  
	 		 	  

	Signature of Participant	 		 	Date
			
		 		 	ACCEPTED:
			
		 		 	  

		 		 	[insert name of Employer]
		 		 	By:	 	  

		 		 	Date:

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