Document:

Non-Revolving Term Loan Documents, dated as of June 25, 2007

 Exhibit 10.15 
 PROMISSORY NOTE 
  

			
	 $20,000,000.00
	  	Phoenix, Arizona
June 18, 2007

 FOR VALUE RECEIVED, the undersigned SILVER STATE BANCORP (“Borrower”) promises to pay to
the order of WELLS FARGO BANK, NATIONAL ASSOCIATION (“Bank”) at its office at Correspondent Banking — Phoenix, 100 W. Washington, 13th Floor, Phoenix, AZ 85003, or at such other places as the holder hereof may designate, in lawful
money of the United States of America and in immediately available funds, the principal sum of Twenty Million Dollars ($20,000,000.00), with interest thereon as set forth herein. 
 INTEREST: 
 (a) Interest. The outstanding principal balance of this Note shall bear interest (computed
on the basis of a 360-day year, actual days elapsed) at a rate equal to the Prime Rate in effect from time to time. The term “Prime Rate” means at any time the rate of interest most recently announced within Bank at its principal office as
its Prime Rate, with the understanding that the Prime Rate is one of Bank’s base rates and serves as the basis upon which effective rates of interest are calculated for those loans making reference thereto, and is evidenced by the recording
thereof after its announcement in such internal publication or publications as Bank may designate. Each change in the rate of interest hereunder shall become effective on the date each Prime Rate change is announced within Bank. 
 (b) Payment of Interest. Interest accrued on this Note shall be payable on September 30, 2007. 
 (c) Default Interest. From and after the maturity date of this Note, or such earlier date as all principal owing hereunder becomes due and payable
by acceleration or otherwise, the outstanding principal balance of this Note shall bear interest until paid in full at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to four percent (4%) above
the rate of interest from time to time applicable to this Note. 
 REPAYMENT AND PREPAYMENT: 
 (a) Repayment. The outstanding principal balance of this Note shall be due and payable in full on September 30, 2007. 
 (b) Application of Payments. Each payment made on this Note shall be credited first, to any interest then due and second, to the outstanding
principal balance hereof. 
 (c) Prepayment. Borrower may prepay principal on this Note at any time, in any amount and without
penalty. 
  

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 EVENTS OF DEFAULT: 
 The occurrence of any of the following shall constitute an “Event of Default” under this Note: 
 (a) The failure to pay
any principal, interest, fees or other charges when due hereunder or under any contract, instrument or document executed in connection with this Note. 
 (b) The filing of a petition by or against Borrower, any guarantor of this Note, or any general partner or joint venturer in Borrower if a partnership or a joint venture (with each such guarantor, general partner
and/or joint venturer referred to herein as a “Third Party Obligor”) under any provisions of the Bankruptcy Reform Act, Title 11 of the United States Code, as amended or recodified from time to time, or under any similar or other law
relating to bankruptcy, Insolvency, reorganization or other relief for debtors; the appointment of a receiver, trustee, custodian or liquidator of or for any part of the assets or property of Borrower or any Third Party Obligor; Borrower or any
Third Party Obligor becomes insolvent, makes a general assignment for the benefit of creditors or is generally not paying its debts as they become due; or any attachment or like levy on any property of Borrower or any Third Party Obligor.

 (c) The death or incapacity of Borrower or any Third Party Obligor if an individual, or the dissolution or liquidation of Borrower or any
Third Party Obligor if a corporation, partnership, joint venture or other type of entity. 
 (d) Any default in the payment or performance of
any obligation, or any defined event of default, under any provisions of any contract, instrument or document pursuant to which Borrower or any Third Party Obligor has incurred any obligation for borrowed money, any purchase obligation, or any other
liability of any kind to any person or entity, including the holder. 
 (e) Any financial statement provided by Borrower or any Third Party
Obligor to Bank proves to be incorrect, false or misleading in any material respect. 
 (f) Any sale or transfer of all or a substantial or
material part of the assets of Borrower or any Third Party Obligor other than in the ordinary course of its business. 
 (g) Any violation or
breach of any provision of, or any defined event of default under, any addendum to this Note or any loan agreement or other contract, instrument or document at any time executed in connection with or securing this Note. 
 MISCELLANEOUS: 
 (a) Remedies. Upon the occurrence of
any Event of Default, the holder of this Note, at the holder’s option, may declare all sums of principal and interest outstanding hereunder to be immediately due and payable without presentment, demand, notice of nonperformance, notice of
protest, protest or notice of dishonor, all of which are expressly waived by Borrower. Borrower shall pay to the holder immediately upon demand the full amount of all payments, advances, charges, costs and expenses, including reasonable
attorneys’ fees (to include outside counsel fees and all allocated costs of the holder’s in-house counsel), expended or incurred by the holder in connection with the enforcement of the holder’s rights and/or the collection of any
amounts which become due to the holder under this Note, and the prosecution or defense of any action in any way related to this Note, including without limitation, any action for declaratory relief, whether incurred at the trial or appellate level,
in an arbitration proceeding or otherwise, and including any of the foregoing incurred in connection with any bankruptcy proceeding (including without limitation, any adversary proceeding, contested matter or motion brought by Bank or any other
person) relating to Borrower or any other person or entity. 
  

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 (b) Obligations Joint and Several. Should more than one person or entity sign this Note as a
Borrower, the obligations of each such Borrower shall be joint and several. 
 (c) Governing Law. This Note shall be governed by and
construed in accordance with the laws of the State of Nevada. 
 IN WITNESS WHEREOF, the undersigned has executed this Note as of the date
first written above. 
  

			
	SILVER STATE BANCORP
		
	By:	 	/s/ Michael J. Threet
	Title:	 	COO

  

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 ADDENDUM TO PROMISSORY NOTE 
 THIS ADDENDUM is attached to and made a part of that certain promissory note executed by SILVER STATE BANCORP (“Borrower”) and payable to WELLS FARGO BANK, NATIONAL ASSOCIATION (“Bank”), or order,
dated as of June 18, 2007, in the principal amount of Twenty Million Dollars ($20,000,000.00) (the “Note”). 
 The following
provisions are hereby incorporated into the Note: 
 1. USE OF FUNDS. All proceeds advanced under this Note shall be used for the purpose of
making equity contributions to Silver State Bank and Choice Bank (the “Bank Subsidiaries”) and other corporate purposes. 
 2.
BORROWER’S CONSOLIDATED FINANCIAL CONDITION. Borrower shall maintain the categorization of Borrower and the Bank Subsidiaries, on a consolidated basis, as “Well Capitalized” as defined by regulatory agencies having jurisdiction,
which, pursuant to Section 38 of the Federal Deposit Insurance Act (created by Section 131 of the Federal Deposit Insurance Corporation Improvement Act (FDICIA) of 1991) (entitled “Prompt Corrective Action”) (herein,
“Section 38”), considers an institution “Well Capitalized”, among other things, if its Total Risk-Based Capital Ratio equals or Exceeds 10%, its Tier 1 Risk-Based Capital equals or exceeds 6% and its Leverage equals or exceeds
5%. As used herein, “Total Risk-Based Capital Ratio”, “Tier 1 Risk-Based Capital” and “Leverage” shall be defined and calculated in conformity with Section 38. 
 3. COLLATERAL. 
 As security for all
indebtedness and other obligations of Borrower to Bank under this Note, Borrower hereby grants to Bank security interests of first priority in all Borrower’s 100 shares of the common stock of Silver State Bank. 
 All of the foregoing shall be evidenced by and subject to the terms of such security agreements, financing statements and other documents as Bank shall
reasonable require, all in form and substance satisfactory to Bank. Borrower shall pay to Bank immediately upon demand the full amount of all charges, costs and expenses (to include fees paid to third parties and all allocated costs of Bank
personnel), expended or incurred by Bank in connection with any of the foregoing security, including without limitation, filing and recording fees and costs of appraisals, audits and title insurance. 
 4. LOAN FEE. Borrower shall pay to Bank a non-refundable loan fee for this Note equal to Twenty Thousand Dollars ($20,000.00), which fee shall be due and
payable in full on the effective date of this Note. 
 5. ARBITRATION: 
 (a) Arbitration. The parties hereto agree, upon demand by any party, to submit to binding arbitration all claims, disputes and controversies
between or among them (and their respective employees, officers, directors, attorneys, and other agents), whether in tort, contract or otherwise, in any way arising out of or relating to (i) any credit subject hereto, or this Note or any other
contract, instrument or document relating to this Note, and their negotiation, 
  

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 execution, collateralization, administration, repayment, modification, extension, substitution, formation, inducement,
enforcement, default or termination; or (ii) requests for additional credit. 
 (b) Governing Rules. Any arbitration proceeding
will (i) proceed in a location in Nevada selected by the American Arbitration Association (“AAA”); (ii) be governed by the Federal Arbitration Act (Title 9 of the United States Code), notwithstanding any conflicting choice of law
provision in any of the documents between the parties; and (iii) be conducted by the AAA, or such other administrator as the parties shall mutually agree upon, in accordance with the AAA’s commercial dispute resolution procedures, unless
the claim or counterclaim is at least $1,000,000.00 exclusive of claimed interest, arbitration fees and costs in which case the arbitration shall be conducted in accordance with the AAA’s optional procedures for large, complex commercial
disputes (the commercial dispute resolution procedures or the optional procedures for large, complex commercial disputes to be referred to herein, as applicable, as the “Rules”). If there is any inconsistency between the terms hereof and
the Rules, the terms and procedures set forth herein shall control. Any party who fails or refuses to submit to arbitration following a demand by any other party shall bear all costs and expenses incurred by such other party in compelling
arbitration of any dispute. Nothing contained herein shall be deemed to be a waiver by any party that is a bank of the protections afforded to it under 12 U.S.C. §91 or any similar applicable state law. 
 (c) No Waiver of Provisional Remedies, Self-Help and Foreclosure. The arbitration requirement does not limit the right of any party to
(i) foreclose against real or personal property collateral; (ii) exercise self-help remedies relating to collateral or proceeds of collateral such as setoff or repossession; or (iii) obtain provisional or ancillary remedies such as
replevin, injunctive relief, attachment or the appointment of a receiver, before during or after the pendency of any arbitration proceeding. This exclusion does not constitute a waiver of the right or obligation of any party to submit any dispute to
arbitration or reference hereunder, including those arising from the exercise of the actions detailed in sections (i), (ii) and (iii) of this paragraph. 
 (d) Arbitrator Qualifications and Powers. Any arbitration proceeding in which the amount in controversy is $5,000,000.00 or less will be decided by a single arbitrator selected according to the Rules, and who
shall not render an award of greater than $5,000,000.00. Any dispute in which the amount in controversy exceeds $5,000,000.00 shall be decided by majority vote of a panel of three arbitrators; provided however, that all three arbitrators must
actively participate in all hearings and deliberations. The arbitrator will be a neutral attorney licensed in the State of Nevada or a neutral retired judge of the state or federal judiciary of Nevada, in either case with a minimum of ten years
experience in the substantive law applicable to the subject matter of the dispute to be arbitrated. The arbitrator will determine whether or not an issue is arbitratable and will give effect to the statutes of limitation in determining any claim. In
any arbitration proceeding the arbitrator will decide (by documents only or with a hearing at the arbitrator’s discretion) any pre-hearing motions which are similar to motions to dismiss for failure to state a claim or motions for summary
adjudication. The arbitrator shall resolve all disputes in accordance with the substantive law of Nevada and may grant any remedy or relief that a court of such state could order or grant within the scope hereof and such ancillary relief as is
necessary to make effective any award. The arbitrator shall also have the power to award recovery of all costs and fees, to impose sanctions and to take such other action as the arbitrator deems necessary to the same extent a judge could pursuant to
the Federal Rules of Civil Procedure, the Nevada Rules of Civil Procedure or other applicable law. Judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction. The 
  

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 institution and maintenance of an action for judicial relief or pursuit of a provisional or ancillary remedy shall not
constitute a waiver of the right of any party, including the plaintiff, to submit the controversy or claim to arbitration if any other party contests such action for judicial relief. 
 (e) Discovery. In any arbitration proceeding, discovery will be permitted in accordance with the Rules. All discovery shall be expressly limited
to matters directly relevant to the dispute being arbitrated and must be completed no later than 20 days before the hearing date. Any requests for an extension of the discovery periods, or any discovery disputes, will be subject to final
determination by the arbitrator upon a showing that the request for discovery is essential for the party’s presentation and that no alternative means for obtaining information is available. 
 (f) Class Proceedings and Consolidations. No party hereto shall be entitled to join or consolidate disputes by or against others in any
arbitration, except parties who have executed this Note or any contract, instrument or document relating to this Note, or to include in any arbitration any dispute as a representative or member of a class, or to act in any arbitration in the
interest of the general public or in a private attorney general capacity. 
 (g) Payment Of Arbitration Costs And Fees. The arbitrator
shall award all costs and expenses of the arbitration proceeding. 
 (h) Real Property Collateral. Notwithstanding anything herein to
the contrary, no dispute shall be submitted to arbitration if the dispute concerns indebtedness secured directly or indirectly, in whole or in part, by any real property unless (i) the holder of the mortgage, lien or security interest
specifically elects in writing to proceed with the arbitration, or (ii) all parties to the arbitration waive any rights or benefits that might accrue to them by virtue of the single action rule statute of Nevada, thereby agreeing that all
indebtedness and obligations of the parties, and all mortgages, liens and security interests securing such indebtedness and obligations, shall remain fully valid and enforceable. 
 (i) Miscellaneous. To the maximum extent practicable, the AAA, the arbitrators and the parties shall take all action required to conclude any
arbitration proceeding within 180 days of the filing of the dispute with the AAA. No arbitrator or other party to an arbitration proceeding may disclose the existence, content or results thereof, except for disclosures of information by a party
required in the ordinary course of its business or by applicable law or regulation. If more than one agreement for arbitration by or between the parties potentially applies to a dispute, the arbitration provision most directly related to the
documents between the parties or the subject matter of the dispute shall control. This Note may be amended or modified only in writing signed by each party hereto. If any provision of this Note shall be held to be prohibited by or invalid under
applicable law such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or any remaining provisions of this Note. This arbitration provision shall survive
termination, amendment or expiration of any of the documents or any relationship between the parties. 
  

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 IN WITNESS WHEREOF, this Addendum has been executed as of the same date as the Note. 
  

			
	SILVER STATE BANCORP
		
	By:	 	/s/ Michael J. Threet
	Title:	 	COO

  

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	 WELLS FARGO
	  	GENERAL PLEDGE AGREEMENT

 1. GRANT OF SECURITY INTEREST. For valuable consideration, the undersigned SILVER STATE BANCORP, or any of them
(“Debtor”), hereby assigns, a transfers to and pledges with WELLS FARGO BANK, NATIONAL ASSOCIATION (“bank”), and grants to Bank a security interest in, the following described money and property at any time delivered to and
deposited with Bank: 
 100 shares of Silver State Bank common stock evidenced by Certificate number 232 issued to Debtor 
 (collectively called “Collateral”), together with whatever is receivable or received when any of the Collateral or proceeds thereof are sold, collected,
exchanged or otherwise disposed of, whether such disposition in voluntary or involuntary, including without limitation, (a) all rights to payment, including returned premiums, with respect to any insurance relating to any of the foregoing,
(b) all rights to payment with respect to any claim or cause of action affecting or relating to any of the foregoing, and (c) all stock rights, rights to subscribe, stock splits, liquidating dividends, cash dividends, dividends paid in
stock, new securities or other property of any kind which Debtor is or may hereafter be entitled to receive on account of any securities pledged hereunder, including without limitation, stock received by Debtor due to stock splits or dividends paid
in stock or sums paid upon or in respect of any securities pledged hereunder upon the liquidation or dissolution of the issuer thereof (hereinafter called “Proceeds”), and in the event that Debtor receives any such Proceeds, Debtor will
hold the same in trust on behalf of and for the benefit of Bank and will immediately deliver all such Proceeds to Bank in the exact form received, with the endorsement of Debtor if necessary and/or appropriate undated stock powers duly executed in
blank, to be held by Bank as a part of the Collateral, subject to all terms hereof. 
 2. OBLIGATIONS SECURED. The obligations secured hereby are the payment
and performance of: (a) all present and future indebtedness of Debtor to Bank; (b) all obligations of Debtor and rights of Bank under this Agreement; and (c) all present and future obligations of Debtor to Bank of other kinds. The
word “indebtedness” is used herein in its most comprehensive sense and includes any and all advances, debts, obligations and liabilities of Debtor, or any of them, heretofore, now or hereafter made, incurred or created, whether voluntary
or involuntary and however arising, whether due or not due, absolute or contingent, liquidated or unliquidated, determined or undetermined, including under any swap, derivative, foreign exchange, hedge, deposit, treasury management or other similar
transaction or arrangement, and whether Debtor may be liable individually or jointly, or whether recovery upon such Indebtedness may be or hereafter becomes unenforceable. 
 3. TERMINATION. This Agreement will terminate upon the performance of all obligations of Debtor to Bank, including without limitation, the payment of all Indebtedness of Debtor to Bank, and the termination of all
commitments of Bank to extend credit to Debtor, existing at the time Bank receives written notice from Debtor of the termination of this Agreement. 
 4.
OBLIGATIONS OF BANK. Bank has no obligation to make any loans hereunder. Any money received by Bank in respect of the Collateral may be deposited, at Bank’s option, into a non-interest bearing account over which Debtor shall have no control,
and the same shall, for all purposes, be deemed Collateral hereunder. Bank’s obligation with respect to Collateral and Proceeds in its possession shall be strictly limited to the duty to exercise reasonable care in the custody and preservation
of such Collateral and Proceeds, and such duty shall not include any obligation to ascertain or to initiate any action with respect to or to inform Debtor of maturity dates, conversion, call or exchange rights, or offers to purchase the Collateral
or Proceeds, or any similar matters, notwithstanding Bank’s knowledge of the same. Bank shall have no duty to take any steps necessary to preserve the rights of Debtor against prior parties, or to initiate any action to protect against the
possibility of a decline in the market value of the Collateral or Proceeds. Bank shall not be obligated to take any action with respect to the Collateral or Proceeds requested by Debtor unless such request is made in writing and Bank determines, in
its sole discretion, that the requested action would not unreasonably jeopardize the value of the Collateral and Proceeds as security for the Indebtedness. Bank may at any time deliver the Collateral and 
  

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 Proceeds, or any part thereof, to any Debtor, and the receipt thereof by any Debtor shall be a complete and full
acquittance for the Collateral and Proceeds so delivered, and Bank shall thereafter be discharged from any liability or responsibility therefor. 
 5.
REPRESENTATIONS AND WARRANTIES. Debtor represents and warrants to Bank that: (a) Debtor’s legal name is exactly as set forth on the first page of this Agreement, and all of Debtor’s organizational documents or agreements delivered to Bank
are complete and accurate in every respect; (b) Debtor is the owner and has possession or control of the Collateral and Proceeds; (c) Debtor has the exclusive right to pledge the Collateral and Proceeds; (d) all Collateral and Proceeds are genuine,
free from liens, adverse claims, setoffs, default, prepayment, defenses and conditions precedent of any kind or character, except the lien created hereby or as otherwise agreed to by Bank, or heretofore disclosed by Debtor to Bank, in writing; (e)
all statements contained herein and, where applicable, in the Collateral, are true and complete in all material respects; (f) no financing statement covering any of the Collateral or Proceeds, and naming any secured party other than Bank, exists or
is on file in any public office; and (g) specifically with respect to Collateral and Proceeds consisting of investment securities, instruments, chattel paper, documents, contracts, insurance policies or any like property, (i) all persons appearing
to be obligated thereon have authority and capacity to contract and are bound as they appear to be, and (ii) the same comply with applicable laws concerning form, content and manner of preparation and execution. 
 6. COVENANTS OF DEBTOR. 
 6.1 Debtor Agrees in general: (a) to pay
Indebtedness secured hereby when due; (b) to indemnify Bank against all losses, claims, demands, liabilities and expenses of every kind caused by property subject hereto; (c) to permit Bank to exercise its powers; (d) to execute and deliver such
documents as Bank deems necessary to create, perfect and continue the security interests contemplated hereby; (e) not to change its name, and as applicable, its chief executive office, its principal residence or the jurisdiction in which it is
organized and/or registered without giving Bank prior written notice thereof; (f) not to change the places where Debtor keeps any Collateral or Debtor’s records concerning the Collateral and Proceeds without giving Bank prior written notice of
the address to which Debtor is moving same; and (g) to cooperate with Bank in perfecting all security interests granted herein and in obtaining such agreements from third parties as Bank deems necessary, proper or convenient in connection with the
preservation, perfection or enforcement of any of its rights hereunder. 
 6.2 Debtor agrees with regard to the Collateral and Proceeds, unless Bank agrees
otherwise in writing: (a) that Bank is authorized to file financing statements in the name of Debtor to perfect Bank’s security interest in Collateral and Proceeds; (b) not to permit any security interest in or lien on the Collateral
or Proceeds, except in favor of Bank; (c) not to sell, hypothecate or otherwise dispose of, nor permit the transfer by operation of law, of any of the Collateral or Proceeds or any interest therein, nor withdraw any funds from any deposit
account pledged to Bank hereunder; (d) to keep, in accordance with generally accepted accounting principles, complete and accurate records regarding all Collateral and Proceeds, and to permit Bank to inspect the same and make copies thereof at
any reasonable time; (e) if requested by Bank, to receive and use reasonable diligence to collect Proceeds, in trust and as the property of Bank, and to immediately endorse as appropriate and deliver such Proceeds to Bank daily in the exact
form in which they are received together with a collection report in form satisfactory to Bank; (f) in the event Bank elects to receive payments of Proceeds hereunder, to pay all expenses incurred by Bank in connection therewith, including
expenses of accounting, correspondence, collection efforts, filing, recording, record keeping and expenses incidental thereto; (g) to provide any service and do any other acts which may be necessary to keep all Collateral and Proceeds free and
clear of all defenses, rights of offset and counterclaims; and (h) if the Collateral or Proceeds consists of securities and so long as no Event of Default exists, to vote said securities and to give consents, waivers and ratifications with
respect thereto, provided that no vote shall be cast or consent, waiver or ratification given or action taken which would impair Bank’s interests in the Collateral and Proceeds or be inconsistent with or violate any provisions of this
Agreement. 
 7. POWERS OF BANK. Debtor appoints Bank its true attorney-in-fact to perform any of the following powers, which are coupled with an interest,
are irrevocable until termination of this Agreement and may be exercised from time to time by Bank’s officers and employees, or any of them, whether or not Debtor is in default: (a) to perform 
  

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 any obligation of Debtor hereunder in Debtor’s name or otherwise; (b) to notify any person obligated on any
security, instrument or other document subject to this Agreement of Bank’s rights hereunder, (c) to collect by legal proceedings or otherwise all dividends, interest, principal or other sums now or hereafter payable upon or on account of
the Collateral or Proceeds; (d) to enter into any extension, modification, reorganization, deposit, merger or consolidation agreement, or any other agreement relating to or affecting the Collateral or Proceeds, and in connection therewith to
deposit or surrender control of the Collateral and Proceeds, to accept other property in exchange for the Collateral and Proceeds, and to do and perform such acts and things as Bank may deem proper, with any money or property received in exchange
for the Collateral or Proceeds, at Bank’s option, to be applied to the Indebtedness or held by Bank under this Agreement; (e) to make any compromise or settlement Bank deems desirable or proper in respect of the Collateral and Proceeds;
(f) to insure, process and preserve the Collateral and Proceeds; (g) to exercise all rights, powers and remedies which Debtor would have, but for this Agreement, with respect to all Collateral and Proceeds subject hereto; and (h) to
do all acts and things and execute all documents in the name of Debtor or otherwise, deemed by Bank as necessary, proper and convenient in connection with the preservation, perfection or enforcement of its rights hereunder. To effect the purposes of
this Agreement or otherwise upon instructions of Debtor, or any of them, Bank may cause any Collateral and/or Proceeds to be transferred to Bank’s name or the name of Bank’s nominee. If an Event of Default has occurred and is continuing,
any or all Collateral and/or Proceeds consisting of securities may be registered, without notice, in the name of Bank or its nominee, and thereafter Bank or its nominee may exercise, without notice, all voting and corporate rights at any meeting of
the shareholders of the issuer thereof, any and all rights of conversion, exchange or subscription, or any other rights, privileges or options pertaining to such Collateral and/or Proceeds, all as if it were the absolute owner thereof. The foregoing
shall include, without limitation, the right of Bank or its nominee to exchange, at its discretion, any and all Collateral and/or Proceeds upon the merger, consolidation, reorganization, recapitalization or other readjustment of the issuer thereof,
or upon the exercise by the issuer thereof or Bank of any right, privilege or option pertaining to any shares of the Collateral and/or Proceeds, and in connection therewith, the right to deposit and deliver any and all of the Collateral and/or
Proceeds with any committee, depository, transfer agent, registrar or other designated agency upon such terms and conditions as Bank may determine. All of the foregoing rights, privileges or options may be exercised without liability on the part of
Bank or its nominee except to account for property actually received by Bank. Bank shall have no duty to exercise any of the foregoing, or any other rights, privileges or options with respect to the Collateral or Proceeds and shall not be
responsible for any failure to do so or delay in so doing. 
 8. PAYMENT OF PREMIUMS, TAXES, CHARGES, LIENS AND ASSESSMENTS. Debtor agrees to pay, prior to
delinquency, all insurance premiums, taxes, charges, liens and assessments against the Collateral and Proceeds, and upon the failure of Debtor to do so, Bank at its option may pay any of them and shall be the sole judge of the legality or validity
thereof and the amount necessary to discharge the same. Any such payments made by bank shall be obligations of Debtor to Bank, due and payable immediately upon demand, together with interest at a rate determined in accordance with the provisions of
this Agreement, and shall be secured by the Collateral and Proceeds, subject to all terms and conditions of this Agreement. 
 9. EVENTS OF DEFAULT. The
occurrence of any of the following shall constitute an “Event of Default” under this Agreement: (a) any default in the payment or performance of any obligation, or any defined event of default, under (i) any contract or
instrument evidencing any Indebtedness, or (ii) any other agreement between Debtor and Bank, including without limitation any loan agreement, relating to or executed in connection with any Indebtedness; (b) any representation or warranty
made by Debtor herein shall prove to be incorrect, false or misleading in any material respect when made; (c) Debtor shall fail to observe or perform any obligation or agreement contained herein; (d) any impairment of the rights of Bank in
any Collateral or Proceeds or any attachment or like levy on any property of Debtor; and (e) Bank, in good faith, believes any or all of the Collateral and/or Proceeds to be in danger of misuse, dissipation, commingling, loss, theft, damage or
destruction, or otherwise in jeopardy or unsatisfactory in character or value. 
 10. REMEDIES. Upon the occurrence of any Event of Default, Bank shall have
the right to declare immediately due and payable all or any Indebtedness secured hereby and to terminate any commitments to make loans or otherwise extend credit to Debtor. Bank shall have all other rights, powers, privileges and remedies granted to
a secured party upon default under the Nevada Uniform Commerical Code or otherwise 
  

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 provided by law, including without limitation, the right (a) to contact all persons obligated to Debtor on any
Collateral or Proceeds and to instruct such persons to deliver all Collateral and/or Proceeds directly to Bank, and (b) to sell, lease, license or otherwise dispose of any or all Collateral. All rights, powers, privileges and remedies of Bank
shall be cumulative. No delay, failure or discontinuance of Bank in exercising any right, power, privilege or remedy hereunder shall affect or operate as a waiver of such right, power, privilege or remedy; nor shall any single or partial exercise of
any such right, power, privilege or remedy preclude, waive or otherwise affect any other or further exercise thereof or the exercise of any other right, power, privilege or remedy. Any waiver, permit, consent or approval of any kind by Bank of any
default hereunder, or any such waiver of any provisions or conditions hereof, must be in writing and shall be effective only to the extent set forth in writing. It is agreed that public or private sales or other dispositions, for cash or on credit,
to a wholesaler or retailer or investor, or user of property of the types subject to this Agreement, or public auctions, are all commercially reasonable since differences in the prices generally realized in the different kinds of dispositions are
ordinarily offset by the differences in the costs and credit risks of such dispositions. 
 While an Event of Default exists: (a) Debtor will not
dispose of any Collateral or Proceeds except on terms approved by Bank; (b) Bank may appropriate the Collateral and apply all Proceeds toward repayment of the Indebtedness in such order of application as Bank may from time to time elect,
(c) Bank may, at any time and at Bank’s sole option, liquidate any time deposits pledged to Bank hereunder, whether or not said time deposits have matured and notwithstanding the fact that such liquidation may give rise to penalties for
early withdrawal of funds; and (d) at Bank’s request, Debtor will assemble and deliver all books and records pertaining to the Collateral or Proceeds to Bank at a reasonably convenient place designated by Bank. For any Collateral or
Proceeds consisting of securities, Bank shall have no obligation to delay a disposition of any portion thereof for the period of time necessary to permit the issuer thereof to register such securities for public sale under any applicable state or
Federal law, even if the issuer thereof would agree to do so. Debtor further agrees that Bank shall have no obligation to process or prepare any Collateral for sale or other disposition. 
 11. DISPOSITION OF COLLATERAL AND PROCEEDS; TRANSFER OF INDEBTEDNESS. In disposing of Collateral hereunder, Bank may disclaim all warranties of title, possession, quiet enjoyment and the like. Any proceeds of any
disposition of any Collateral or Proceeds, or any part thereof, may be applied by Bank to the payment of expenses incurred by Bank in connection with the foregoing, including reasonable attorneys’ fees, and the balance of such proceeds may be
applied by Bank toward the payment of the Indebtedness in such order of application as Bank may from time to time elect. Upon the transfer of all or any part of the Indebtedness, Bank may transfer all or any part of the Collateral or Proceeds and
shall be fully discharged thereafter from all liability and responsibility with respect to any of the foregoing so transferred, and the transferee shall be vested with all rights and powers of Bank hereunder with respect to any of the foregoing so
transferred; but with respect to any Collateral or Proceeds not so transferred Bank shall retain all rights, powers, privileges and remedies herein given. 
 12. STATUTE OF LIMITATIONS. Until all Indebtedness shall have been paid in full and all commitments by Bank to extend credit to Debtor have been terminated, the power of sale or other disposition and all other rights, powers, privileges and
remedies granted to Bank hereunder shall continue to exist and may be exercised by Bank at any time and from time to time irrespective of the fact that the Indebtedness or any part thereof may have become barred by any statute of limitations, or
that the personal liability of Debtor may have ceased, unless such liability shall have ceased due to the payment in full of all Indebtedness secured hereunder. 
 13. MISCELLANEOUS. When there is more than one Debtor named herein: (a) the word “Debtor” shall mean all or any one or more of them as the context requires; (b) the obligations of each Debtor hereunder are joint and
several; and (c) until all Indebtedness shall have been paid in full, no Debtor shall have any right of subrogation or contribution, and each Debtor hereby waives any benefit of or right to participate in any of the Collateral or Proceeds or
any other security now or hereafter held by Bank. Debtor hereby waives any right to require Bank to (i) proceed against Debtor or any other person, (ii) marshal assets or proceed against or exhaust any security from Debtor or any other
person, (iii) perform any obligation of Debtor with respect to any Collateral or Proceeds, and (d) make any presentment or demand, or give any notice of nonpayment or nonperformance, protest, notice of protest or notice of dishonor
hereunder or in connection with any Collateral or Proceeds. Debtor further 
  

 25099 / Page 4 

 waives any right to direct the application of payments or security for any Indebtedness of Debtor or indebtedness of
customers of Debtor. 
 14. NOTICES. All notices, requests and demands required under this Agreement must be in writing, addressed to Bank at the address
specified in any other loan documents entered into between Debtor and Bank and to Debtor at the address of its chief executive office (or principal residence, if applicable) specified below or to such other address as any party may designate by
written notice to each other party, and shall be deemed to have been given or made as follows: (a) if personally delivered, upon delivery; (b) if sent by mail, upon the earlier of the date of receipt or 3 days after deposit in the U.S.
mail, first class and postage prepaid; and (c) if sent by telecopy, upon receipt. 
 15. COSTS, EXPENSES AND ATTORNEYS’ FEES. Debtor shall pay to
Bank immediately upon demand the full amount of all payments, advances, charges, costs and expenses, including reasonable attorneys’ fees (to include outside counsel fees and all allocated costs of Bank’s in-house counsel), expended or
incurred by Bank in connection with (a) the perfection and preservation of the Collateral or Bank’s interest therein, and (b) the realization, enforcement and exercise of any right, power, privilege or remedy conferred by this
Agreement, whether incurred at the trial or appellate level, in an arbitration proceeding or otherwise, and including any of the foregoing incurred in connection with any bankruptcy proceeding (including without limitation, any adversary proceeding,
contested matter or motion brought by Bank or any other person) relating to Debtor or in any way affecting any of the Collateral or Bank’s ability to exercise any of its rights or remedies with respect thereto. All of the foregoing shall be
paid by Owner with interest from the date of demand until paid in full at a rate per annum equal to the greater of ten percent (10%) or Bank’s Prime Rate in effect from time to time. 
 16. SUCCESSORS; ASSIGNS; AMENDMENT. This Agreement shall be binding upon and inure to the benefit of the heirs, executors, administrators, legal representatives,
successors and assigns of the parties, and may amended or modified only in writing signed by Bank and Debtor. 
 17. OBLIGATIONS OF MARRIED PERSONS. Any
married person who signs the Agreement as Debtor hereby expressly agrees that recourse may be had against his or her separate property for all his or her indebtedness to Bank secured by the Collateral and Proceeds under this Agreement. 

18. SEVERABILITY OF PROVISIONS. If any provision of this Agreement shall be held to be prohibited by or invalid under applicable law, such provision shall be
ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or any remaining provisions of this Agreement. 
 19. GOVERNING LAW. This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada. 
 Debtor warrants that Debtor is an organization registered under the laws of Nevada. 
 Debtor warrants that its chief executive office (or principal
residence, if applicable) is located at the following address: 400 N. Green Valley Pkwy, Henderson, NV 89074 
 IN WITNESS WHEREOF, this Agreement has
been duly executed as of June 18, 2007. 
  

			
	SILVER STATE BANCORP
		
	By:	 	/s/Michael J. Threet
	Title:	 	COO/CFO

  

 25099 / Page 5 

 AGREEMENT 
 AGREEMENT, dated as of June [    ], 2007 (this “Agreement”), between SILVER STATE BANCORP (the “Borrower”) and WELLS FARGO BANK, NATIONAL ASSOCIATION (the
“Bank”). 
 The Borrower and the Bank are parties to (i) a Promissory Note dated as of June 18, 2007 (the
“Promissory Note”), (ii) an Addendum to the Promissory Note dated as of June 18, 2007, and (iii) a General Pledge Agreement dated as of June 18, 2007 (collectively, the “Credit Agreements”).

 In consideration of the premises contained herein, the parties hereto agree as follows: 
 1. Effectiveness. The Borrower and the Bank hereby agree that the Credit Agreements are deemed to have been executed and effective as of the date
of funding of the $20 million term loan, June 25th, 2007, and further agree that all references in the Credit Agreements to “the date hereof,” or the “date of the Note” or the “date first above written” or words
having similar effect shall mean June 25, 2007. 
 2. Counterparts. This Agreement may be executed in any number of counterparts
by the parties hereto (including by facsimile or electronic transmission), each of which counterparts when so executed shall be an original, but all the counterparts shall together constitute one and the same instrument. 
 3. GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEVADA. 
 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their proper and duly authorized officers as of the day and year
first above written. 
  

			
	SILVER STATE BANCORP
		
	 By:
	 	 /s/ Enrique Anorve
  

		 	 Name: Enrique Anorve
 Title:   Vice President

					
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION
		
	 By:
	 	 /s/ Michael J. Threet

		 	 Name:
 Title:
	 	 Michael J. Threet
 Chief Operating Officer

Chief Financial OfficerAmended and Restated Executive Employment Agreement

 Exhibit 10.1 
 AMENDED AND RESTATED 
 EXECUTIVE EMPLOYMENT AGREEMENT 
 This Amended and Restated Executive Employment Agreement (the “Agreement”) is made effective as of July 2, 2007 (the
“Effective Date”), by and between Northstar Neuroscience, Inc. (“Northstar”) and John S. Bowers Jr. (“Employee”). This Agreement replaces and supersedes the Executive Employment Agreement dated
May 10, 2006, by and between Northstar and Employee (the “Prior Agreement”). 
 The parties agree as follows:

 1. Employment. Northstar has employed Employee since February 16, 2004. Employee has requested that Northstar provide him with
additional benefits provided in this Agreement, and Employee hereby accepts continued employment upon the terms and conditions set forth herein. 
 2. Duties. 
 2.1 Position. Employee is employed as President and Chief Executive Officer, reporting to the Northstar
Board of Directors (the “Board”), and shall have such duties and responsibilities consistent with such position as may be reasonably assigned from time to time. 
 2.2 Best Efforts; Full-time. Employee shall faithfully and diligently perform all duties assigned to him. Employee will expend his best efforts on
behalf of Northstar, and will abide by all policies and decisions made by Northstar, as well as all applicable federal, state and local laws, regulations or ordinances. Employee will act in the best interest of Northstar at all times. Employee shall
devote his full business time and efforts to the performance of his assigned duties for Northstar, unless Employee notifies Northstar in advance of his intent to engage in other paid work and receives Northstar’s express written consent to do
so. 
 2.3 Covenant Not to Compete. Except with the prior written consent of Northstar, Employee will not, during the term of this
Agreement and for a period of twelve (12) months after the termination of this Agreement, compete with Northstar, either directly or indirectly, in any manner or capacity, as advisor, principal, agent, affiliate, promoter, partner, officer,
director, employee, shareholder, owner, co-owner, consultant, or any member of any association or otherwise, in any phase of the business, including without limitation, the developing, manufacturing and/or marketing of products or services that are
in the same field of use or that otherwise compete with the products or services or proposed products or services of Northstar. 
 2.4
Work Location. Employee’s principal place of work shall be located in Seattle, Washington, or such other location as the parties may agree from time to time. 
 3. Term. The term of this Agreement shall begin on the Effective Date and shall continue until it is terminated pursuant to Section 7 herein (the “Term”). 
 4. Compensation. 
 4.1 Base
Salary. As compensation for Employee’s performance of his duties hereunder, Northstar shall pay to Employee a base salary of two hundred eighty five thousand dollars ($285,000) per year, payable in accordance with Northstar’s normal
payroll practices, less required deductions for state and federal withholding tax, social security and all other employment taxes and payroll deductions. 

 4.2 Performance and Salary Review. Northstar may periodically review Employee’s performance.
Adjustments to salary or other compensation, if any, will be made by Northstar in its sole and absolute discretion. 
 4.3 Employment
Taxes. All of Employee’s compensation shall be subject to customary withholding taxes and any other employment taxes as are commonly required to be collected or withheld by Northstar. 
 5. Customary Fringe Benefits. Employee will be eligible for all customary and usual fringe benefits generally available to senior executives of
Northstar, subject to the terms and conditions of Northstar’s benefit plan documents. Northstar reserves the right to change or eliminate the fringe benefits on a prospective basis, at any time, effective upon notice to Employee. 
 6. Business Expenses. Employee will be reimbursed for all reasonable, out-of-pocket business expenses incurred in the performance of his duties on
behalf of Northstar. To obtain reimbursement, expenses must be submitted promptly, with appropriate supporting documentation, in accordance with Northstar’s policies. 
 7. Termination. 
 7.1 At-Will
Employment. Either Employee or Northstar shall have the right to terminate the employment relationship at any time, with or without cause or advance notice. It is expressly understood that the employment relationship is at-will, and nothing in
this Agreement alters such at-will employment relationship. Any change to this at-will employment relationship must be by a separate, specific, written agreement signed by Employee and an authorized representative of Northstar. 
 7.2 Termination for Cause by Northstar. Northstar may terminate Employee’s employment immediately at any time for Cause, with or without
advanced notice. For purposes of this Agreement, “Cause” is defined as a good faith determination of the Board, in its sole and absolute discretion, of any of the following: (a) acts or omissions constituting gross negligence,
recklessness or willful misconduct on the part of Employee; (b) Employee’s material breach of this Agreement or the confidentiality, inventions and noncompetition agreement between Northstar and Employee (the “Confidentiality
Agreement”); (c) Employee’s conviction or entry of a plea of nolo contendere for fraud, misappropriation or embezzlement, or any felony or crime of moral turpitude; (d) Employee’s willful or habitual neglect of
duties; (e) Employee’s failure to perform the essential functions of his position, with or without reasonable accommodation, due to a mental or physical disability; (f) sustained unsatisfactory performance; or (g) Employee’s
death. In the event Employee’s employment is terminated in accordance with this Section 7.2, Employee shall be entitled to receive only unpaid base salary at the rate then in effect, any bonus then earned and payable, if applicable, and
accrued and unused paid time off, each prorated to the date of termination, and Northstar shall have no further or other obligations to Employee pursuant to this Agreement. 
 7.3 Termination Without Cause or Resignation for Good Reason Prior to a Change in Control. In the event that, prior to a Change in Control (as
defined in the Northstar 2006 Performance Incentive Plan (the “2006 Plan”)), Employee is terminated other than for Cause or Employee resigns prior to a Change in Control as a result of either: (i) a material adverse change both
in Employee’s duties and title, without Employee’s consent, as measured against Employee’s title and duties immediately prior to such change; or (ii) the office at which Employee is required to report is relocated by more than
fifty (50) miles from Northstar’s present location, without Employee’s consent (each, a “Good Reason”), Employee will receive Employee’s base salary then in effect and accrued, any bonus then earned and payable,
if applicable, and unused paid time off, each prorated to the date of termination or resignation, and, subject 

  

 2 

 
to the last sentence of this Section 7.3: continuation of his base salary for a period of twelve (12) months from the date of termination or
resignation, payable in accordance with Northstar’s regular payroll cycle; vesting of an additional twelve (12) months of Employee’s stock options from date of termination or resignation; and should Employee timely elect COBRA
insurance continuation coverage, reimbursement at a rate equal to the amount contributed by Northstar for his insurance coverage premium effective as of the date of termination or resignation for twelve (12) months following termination or
resignation. Employee’s receipt of the severance, vesting and COBRA benefits set forth in this Section 7.3 are subject to Employee: (a) complying with all surviving provisions of this Agreement as specified in Section 12.7 below;
and (b) executing a full general release in a form acceptable to Northstar, releasing all claims, known or unknown, that Employee may have against Northstar or its officers, directors, employees or agents arising out of or any way related to
Employee’s employment, termination or resignation of employment with Northstar. For avoidance of doubt, Employee’s voluntary termination of employment other than for Good Reason will not give rise to any rights under this Agreement.

 7.4 Termination Without Cause or Resignation for Good Reason Following a Change in Control. In the event that, within twelve
(12) months following a Change in Control, Employee is terminated other than for Cause or Employee resigns for Good Reason, Employee will receive Employee’s base salary then in effect, any bonus then earned and payable, if applicable, and
accrued and unused paid time off, each prorated to the date of termination or resignation, and, subject to the last sentence of this Section 7.4: continuation of his base salary for a period of twelve (12) months from the date of
termination or resignation, payable in accordance with Northstar’s regular payroll cycle; full acceleration of all of the then-unvested shares subject to stock options held by the Employee; and should Employee timely elect COBRA insurance
continuation coverage, reimbursement at a rate equal to the amount contributed by Northstar for his insurance coverage premium effective as of the date of termination or resignation for twelve (12) months following termination or resignation.
Employee’s receipt of the severance, vesting and COBRA benefits set forth in this Section 7.4 are subject to employee: (a) complying with all surviving provisions of this Agreement as specified in Section 12.7 below; and
(b) executing a full general release in a form acceptable to Northstar, releasing all claims, known or unknown, that Employee may have against Northstar or its officers, directors, employees or agents arising out of or any way related to
Employee’s employment, termination or resignation of employment with Northstar. 
 7.5 280G and 409A. If, due to the benefits
provided under this Section 7, Employee is subject to any excise tax due to characterization of any amounts payable under this Section 7 as excess parachute payments pursuant to Section 4999 of the Internal Revenue Code of 1986, as
amended (the “Code”), the gross amount payable in cash under this Section 7 will be reduced (to the least extent possible) in order to avoid any “excess parachute payment” under Section 280G(b)(1) of the Code.
Northstar agrees to pay Employee an amount equal to 20 percent (20%) of any severance payment that is subject to the additional tax imposed by Section 409A of the Code (excluding the payment described in this sentence) (the
“Gross-Up Payment”). Northstar will make the Gross-Up Payment at the same time it makes the first severance payment hereunder. If requested by Employee, the parties shall amend or modify this Agreement in order to comply with the
provisions of Section 409A of the Code (including any amendment or replacement of such section), to the extent applicable. 
 8. No
Conflict of Interest. During the term of Employee’s employment with Northstar and during any period Employee is receiving payments from Northstar, Employee must not engage in any work, paid or unpaid, that creates an actual or potential
conflict of interest with Northstar, as may be determined by Northstar in its sole and absolute discretion. If Northstar believes such a conflict exists during the term of this Agreement, Northstar may ask Employee to choose to discontinue the other
work or resign employment with Northstar. If Northstar believes such a conflict exists during any period in which Employee is receiving payments pursuant to this Agreement, Northstar may ask Employee to choose to 

  

 3 

 
discontinue the other work or forfeit the remaining severance and other payments under this Agreement. In addition, Employee agrees not to refer any client
or potential client of Northstar to competitors of Northstar, without obtaining Northstar’s prior written consent, during the term of Employee’s employment and during any period in which Employee is receiving payments from Northstar
pursuant to this Agreement. 
 9. Non-Solicitation; Non-Hire. 
 9.1 Non-Solicitation of Customers or Prospects. Employee acknowledges that information about Northstar’s customers is confidential and
constitutes trade secrets. Accordingly, Employee agrees that during the Term of this Agreement and for a period of one (1) year after the termination of this Agreement, Employee will not, either directly or indirectly, separately or in
association with others, interfere with, impair, disrupt or damage Northstar’s relationship with any of its customers or customer prospects by soliciting or encouraging others to solicit any of them for the purpose of diverting or taking away
business from Northstar. 
 9.2 Non-Solicitation and Non-Hire of Northstar’s Employees. Employee agrees that during the Term of
this Agreement and for a period of one (1) year after the termination of this Agreement, Employee will not, either directly or indirectly, separately or in association with others, interfere with, impair, disrupt or damage Northstar’s
business by soliciting, encouraging, attempting to hire or hiring any of Northstar’s employees or causing others to hire any of Northstar’s employees or solicit or encourage any of Northstar’s employees to discontinue their employment
with Northstar. 
 10. Mutual Non-Disparagement. Employee will not, during the term of this Agreement or after the termination hereof,
disparage Northstar, its products, services, agents or employees. Northstar will not, during the term of this Agreement or after the termination hereof, disparage Employee. 
 11. Injunctive Relief. Employee acknowledges that Employee’s breach of the covenants contained in Sections 2.3 and 8 through 10 (collectively
“Covenants”) would cause irreparable injury to Northstar and agrees that in the event of any such breach, Northstar shall be entitled to seek temporary, preliminary and permanent injunctive relief without the necessity of proving
actual damages or posting any bond or other security. 
 12. General Provisions. 
 12.1 Successors and Assigns. The rights and obligations of Northstar under this Agreement shall inure to the benefit of and shall be binding upon
the successors and assigns of Northstar. Employee shall not be entitled to assign any of Employee’s rights or obligations under this Agreement. 
 12.2 Waiver. Either party’s failure to enforce any provision of this Agreement shall not in any way be construed as a waiver of any such provision, or prevent that party thereafter from enforcing each and
every other provision of this Agreement. 
 12.3 Attorneys’ Fees. Each side will bear its own attorneys’ fees in any dispute
unless a statute at issue, if any, authorizes the award of attorneys’ fees to the prevailing party. 
 12.4 Severability. In the
event any provision of this Agreement is found to be unenforceable by an arbitrator or court of competent jurisdiction, such provision shall be deemed modified to the extent necessary to allow enforceability of the provision as so limited, it being
intended that the parties shall receive the benefit contemplated herein to the fullest extent permitted by law. If a deemed modification is not satisfactory in the judgment of such arbitrator or court, the unenforceable provision shall be deemed
deleted, and the validity and enforceability of the remaining provisions shall not be affected thereby. 
  

 4 

 12.5 Interpretation; Construction. The headings set forth in this Agreement are for convenience
only and shall not be used in interpreting this Agreement. Employee Acknowledges that Employee has had an opportunity to review and revise the Agreement and have it reviewed by legal counsel, if desired, and, therefore, any rule of construction to
the effect that ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement. 
 12.6 Governing Law. The parties agree that this Agreement, and any disputes arising under this Agreement, will be governed by and construed in accordance with the laws of the state of Washington, without giving effect to any conflict
of laws principle to the contrary. The parties agree that venue for any dispute arising under this Agreement will lie exclusively in the state or federal courts located in King County, Washington, and the parties irrevocably waive any right to raise
forum non conveniens or any other argument that Washington is not the proper venue. The parties irrevocably consent to personal jurisdiction in the state and federal courts of the state of Washington. 
 12.7 Survival. Sections 2.3 (“Covenant Not to Compete”), 7 (“Termination”), 8 (“No Conflict of Interest”), 9
(“Non-Solicitation”), 10 (“Mutual Non-Disparagement”), 11 (“Injunctive Relief”), 12 (“General Provisions”) and 13 (“Entire Agreement”) of this Agreement shall survive Employee’s employment by
Northstar. 
 13. Entire Agreement. This Agreement, including the Confidentiality Agreement incorporated herein by reference, the
Nonsolicitation Agreement, the 2006 Plan, the Northstar 1999 Stock Option Plan and related option documents in place at the time of this signing, constitutes the entire agreement between the parties relating to this subject matter and supersedes all
prior or simultaneous representations, discussions, negotiations, and agreements, whether written or oral, including the Prior Agreement. This Agreement may be amended or modified only by a supplemental written agreement signed by Employee and an
authorized representative of Northstar. No oral waiver, amendment or modification will be effective under any circumstances whatsoever. 
 THE PARTIES TO
THIS AGREEMENT HAVE READ THE FOREGOING AGREEMENT AND FULLY UNDERSTAND EACH AND EVERY PROVISION CONTAINED HEREIN. WHEREFORE, THE PARTIES HAVE EXECUTED THIS AGREEMENT ON THE DATES SHOWN BELOW. 
  

					
	 	 	John S. Bowers Jr.
			
	Dated: June 29, 2007	 	By:	 	 /s/ John S. Bowers Jr.

		
		 	NORTHSTAR NEUROSCIENCE, INC.
			
	Dated: June 29, 2007	 	By:	 	 /s/ Raymond N. Calvert

		 	Name:	 	Raymond N. Calvert
		 	Its:	 	Vice President, Finance and Chief Financial Officer
		
		 	 Northstar Neuroscience, Inc.
 2401 Fourth
Avenue, Suite 300
 Seattle, WA 98121

  

 5

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