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Exhibit 4.4  

  
 

    INVESTOR AGREEMENT    
  

        This Investor Agreement (this "Agreement") is entered into and effective as of August            , 2001 by and among East West
Bancorp Inc., a Delaware
corporation (the "Company"), and Ho Yuan Chen and Chang-Hua Kang Chen, Husband and Wife, as community property ("Investor"), with respect to the facts and circumstances recited below. 

 
 

RECITALS    
  

        WHEREAS, pursuant to a stock purchase agreement, dated as of the date hereof (the "Stock Purchase Agreement"), by and between the Company and Investor, Investor
is purchasing 400,000 shares (the "Purchased Shares") of the Company's Common Stock, par value $0.001 (the "Common Stock"); 

        WHEREAS,
pursuant to a common stock purchase warrant, dated as of the date hereof (the "Common Stock Purchase Warrant"), by and between the Company and Investor, Investor will have the
right to purchase up to 300,000 shares (the "Warrant Shares") of the Company's Common Stock; 

        WHEREAS,
pursuant to a stock restriction agreement, dated as of the date hereof (the "Stock Restriction Agreement"), by and between the Company and Investor, the Purchased Shares
acquired by Investor under the Stock Purchase Agreement (but excluding the Warrant Shares which may be acquired under the Common Stock Purchase Warrant) shall be subject to certain restrictions on
transfer; 

        WHEREAS,
the execution and delivery of this Agreement and of each of the Stock Purchase Agreement, the Common Stock Purchase Warrant and the Stock Restriction Agreement (collectively,
the "Ancillary Agreements") by each of the parties thereto is conditioned upon the execution and delivery of each of the other agreements, and shall occur contemporaneously therewith; and 

        WHEREAS,
the parties intend that Investor shall have certain registration rights with respect to the Purchased Shares and the Warrant Shares as set forth herein. 

        NOW,
THEREFORE, in accordance with the foregoing recitals, and as consideration for the mutual covenants and agreements contained herein and for other good and valuable consideration,
the receipt and sufficiency of which hereby are acknowledged, the Company and Investor hereby agree as follows: 

 
 

AGREEMENT    
  

        1.    Registration Rights.    

        1.01    Definitions.    As used in this Agreement, the following terms shall have the following respective meanings: 

        (a)  "1933
Act" means the Securities Act of 1933, as amended. 

        (b)  "1934
Act" means the Securities Exchange Act of 1934, as amended. 

        (c)  "Common
Stock" means the Company's Common Stock. 

        (d)  "Form S-3"
means such form under the 1933 Act as in effect on the date hereof or any registration form under the 1933 Act subsequently adopted by the
Securities and Exchange Commission ("SEC") which permits inclusion or incorporation of substantial information by reference to other documents filed by the Company with the SEC. 

        (e)  "Holder"
means any person owning of record Registrable Securities (including Investor) or any permitted assignee thereof in accordance with Section 1.11 hereof. 

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        (f)    "Initiating
Holder" shall mean Investor. 

        (g)  The
terms "register," "registered" and "registration" refer to a registration effected by preparing and filing a registration statement or similar document in compliance
with the 1933 Act, and the declaration or ordering of the effectiveness of such registration statement or document by the SEC. 

        (h)  The
term "Registrable Securities" means: (i) the Purchased Shares and the Warrant Shares; and (ii) any Common Stock of the Company issued (or issuable upon
the conversion or exercise of any warrant, right or other security which is issued) by way of a stock split, stock dividend, recapitalization, merger or other distribution with respect to, or in
exchange for, or in replacement of, such Common Stock referred to in (i) above; provided, however, that any Registrable Securities sold by a
person in a public transaction pursuant to a registered offering under the 1933 Act or pursuant to Rule 144 promulgated thereunder, or in a private transaction in which its rights under this
Section 1 are not assigned, cease to be Registrable Securities. 

        (i)    "SEC
Rule 145 Transaction" shall mean any transaction described in Rule 145(a) promulgated under the 1933 Act. 

        1.02    Form S-3 Registration.    In case the Company shall receive from the Initiating Holder a
written request or requests that the Company effect a registration on Form S-3 (or any similar successor form) and any related qualification or compliance with respect to all or a
part of the Registrable Securities owned by the Initiating Holder, the Company will: 

        (a)  promptly
give written notice of the proposed registration, and any related qualification or compliance, to all other Holders; and 

        (b)  as
soon as practicable, but in no event more than 45 days after receipt of the request of the Initiating Holder, use commercially reasonable efforts to effect
such registration and all such qualifications and compliances as may be so requested and as would permit or facilitate the sale and distribution of all or such portion of the Initiating Holder's
Registrable Securities as are specified in such request, together with all or such portion of the Registrable Securities of any other Holder or Holders joining in such request as are specified in a
written request given within fifteen (15) days after receipt of such written notice from the Company; provided, however, that the Company shall
not be obligated to effect any such registration, qualification or compliance, pursuant to this Section 1.02: (i) prior to May    , 2003; (ii) if the Initiating Holder,
together with the holders entitled to inclusion in such registration, propose to sell Registrable Securities at an aggregate price to the public of less than One Million Dollars ($1,000,000);
(iii) if the Company shall furnish to the Holders a certificate signed by the President of the Company stating that in the good faith judgment of the Board of Directors of the Company, it would
be seriously detrimental to the Company and its shareholders for such Form S-3 registration to be effected at such time, in which event the Company shall have the right to defer the
filing of the Form S-3 registration
statement for a period of not more than 120 days after receipt of the request of the Initiating Holder under this Section 1.02; provided,
however, that the Company may not utilize this right more than once in any twelve (12) month period; (iv) if the Company has already effected one
(1) registration on Form S-3 (or applicable successor form) at the request of the Initiating Holder, which registration has been declared effective; or (v) in any
particular jurisdiction in which the Company would be required to qualify to do business or to execute a general consent to service of process in effecting such registration, qualification or
compliance. 

        Subject
to the foregoing, the Company shall file and use commercially reasonable efforts to bring effective a registration statement covering the Registrable Securities and other
securities so requested to be registered as soon as practicable after receipt of the request or requests of the Initiating Holder. 

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        1.03    Piggy-Back Registration.    

        (a)  Piggy-Back Registration Rights. If (but without any obligation to do so) the Company proposes to register
(including for this purpose a registration effected by the Company for shareholders other than the Holders) any of its securities under the 1933 Act in connection with the public offering of such
securities solely for cash (other than a registration (i) on Form S-4, Form S-8 or any form which does not include substantially the same information as
would be required to be included in a registration statement covering the sale of the Registrable Securities, or (ii) with respect to an employee benefit plan, or (iii) solely in
connection with a Rule 145 transaction under the 1933 Act), the Company shall, each such time, promptly give each Holder written notice of such registration together with a list of the
jurisdictions in which the Company intends to attempt to qualify such securities under applicable state securities laws. Upon the written request of each Holder given within twenty
(20) business days after delivery of such written notice by the Company in accordance with Section 3.04, the Company shall, subject to the provisions of Section 1.03(b), use
commercially reasonable efforts to include in its registration and cause to be registered under the 1933 Act all of the Registrable Securities that each such Holder has requested to be registered. 

        (b)  Underwriting. In the event that a registration pursuant to Section 1.02 or Section 1.03 is for a registered
public offering involving an underwriting, the Company shall so advise the Holders as part of the notice given pursuant hereto. In such event, the right of any Holder to registration pursuant to such
Section shall be conditioned upon such Holder's participation in the underwriting arrangements required by this Section 1.03(b), and the inclusion of such Holder's Registrable Securities in the
underwriting to the extent requested shall be limited to the extent provided herein. The Company shall (together with all Holders proposing to distribute their securities through such underwriting)
enter into an underwriting agreement in customary form with a managing underwriter selected for such underwriting by the Company and reasonably acceptable to Investor. 

        Notwithstanding
any other provision of this Section 1.03, if the managing underwriter advises the Company in writing that market factors require exclusion of shares to be sold, or
a limitation of the number of shares to be so sold, then the Company shall so advise all holders of Registrable Securities and the number of shares of Registrable Securities that may be included in
the registration and underwriting shall be reduced and such reduction shall be allocated among the Holders (except those Holders who have indicated to the Company their decision not to distribute any
of their Registrable Securities through such underwriting) in proportion, as nearly as practicable, to the respective amounts of Registrable Securities held by such Holders at the time of filing the
registration statement. No such reduction shall (i) reduce the securities being offered by the Company for its own account to be included in the registration and underwriting, or
(ii) reduce the amount of securities of the selling Holders included in the registration and underwriting below twenty five percent (25%) of the total amount of securities requested to be
included in the registration and underwriting by such selling Holders. 

        1.04    Obligations of the Company.    Whenever required under this Section 1 to effect the registration of any
Registrable Securities, the Company shall, as expeditiously as reasonably possible: 

        (a)  Prepare
and file with the SEC a registration statement with respect to such Registrable Securities and use all reasonable efforts to cause such registration statement to
become effective, and, upon the request of Investor, keep such registration statement effective for up to one hundred eighty (180) days or, if earlier, until the Holder or Holders have
completed the distribution related thereto. The Company shall not be required to file, cause to become effective or maintain the effectiveness of any registration statement that contemplates a
distribution of securities on a delayed or continuous basis pursuant to Rule 415 under the 1933 Act. 

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        (b)  Prepare
and file with the SEC such amendments and supplements to such registration statement and the prospectus used in connection with such registration statement as
may be necessary to comply with the provisions of the 1933 Act with respect to the disposition of all securities covered by such registration statement for the period set forth in
Section 1.04(a) above. 

        (c)  Furnish
to the Holders such number of copies of a prospectus, including a preliminary prospectus, in conformity with the requirements of the 1933 Act, and such other
documents as they may reasonably request in order to facilitate the disposition of Registrable Securities owned by them. 

        (d)  Use
its reasonable best efforts to register and qualify the securities covered by such registration statement under such other securities or blue sky laws of such
jurisdictions as shall be reasonably requested by the Holders; provided, however, that the Company shall not be required in connection therewith or as a
condition thereto to qualify to do business or to file a general consent to service of process in any such states or jurisdictions. 

        (e)  In
the event of any underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual and customary form, with the managing
underwriter(s) of such offering. Each Holder participating in such underwriting shall also enter into and perform its obligations under such an agreement. 

        (f)    Notify
each Holder of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the
1933 Act of the happening of any event as a result of which the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state
a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing. 

        (g)  Use
its best efforts to furnish, on the date that such Registrable Securities are delivered to the underwriters for sale, if such securities are being sold through
underwriters, or, if such securities are not being sold through underwriters, on the date that the registration statement with respect to such securities becomes effective, (i) an opinion,
dated as of such date, of the counsel representing the Company for the purposes of such registration, in form and substance as is customarily given to underwriters in an underwritten public offering,
addressed to the underwriters, if any, and to the Holders requesting registration of Registrable Securities and (ii) a letter dated as of such date, from the independent certified public
accountants of the Company, in form and substance as is customarily given by independent certified public accountants to underwriters in an underwritten public offering addressed to the underwriters,
if any, and to the Holders requesting registration of Registrable Securities. 

        (h)  Cause
all such Registrable Securities registered pursuant hereunder to be listed on each securities exchange on which similar securities issued by the Company are then
listed including without limitation, the automated quotation system of the National Association of Securities Dealers, Inc.'s National Market System or the New York Stock Exchange, Inc. 

        (i)    Provide
a transfer agent and registrar for all Registrable Securities registered pursuant hereunder and a CUSIP number for all such Registrable Securities, in each case
not later than the effective date of such registration. 

        1.05    Furnish Information.    In connection with any action pursuant to this Section 1, the selling Holders
shall furnish to the Company such information regarding themselves, the Registrable Securities held by them, and the intended method of disposition of such securities as shall be required to effect
the registration of their Registrable Securities. In that connection, each selling Holder shall be required to represent to the Company that all such information which is given is both complete and
accurate in all material respects when made. The Company's 

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registration obligations under this Agreement shall be conditioned on the furnishing of such information by Holders. 

        1.06    Definition of Expenses.    

        (a)  "Registration Expenses" shall mean all expenses incurred by the Company in complying with Sections 1.02 and 1.03 hereof,
including, without limitation, all registration, filing and qualification fees, underwriters' expense allowances, printing expenses, fees and disbursements of counsel for the Company. 

        (b)  "Selling Expenses" shall mean all underwriting discounts and selling commissions applicable to the sale of the
Registrable Securities in the registration, all blue sky fees and expenses, stock transfer taxes and all fees and disbursements of any special counsel for any Holder. 

        1.07    Expenses of Registration.    The Company shall bear all Registration Expenses incurred in connection with:
(i) one (1) registration pursuant to Section 1.02; and (ii) all registrations pursuant to Section 1.03. All Selling Expenses shall be borne by the Holders of the
securities so registered, pro rata on the basis of the number of shares so registered (provided that each Holder shall bear the full amount of the fees and disbursements of any counsel retained by
it.) 

        1.08    Indemnification.    In the event any Registrable Securities are included in a registration statement under
this Section 1: 

        (a)  To
the extent permitted by law, the Company will indemnify and hold harmless each Holder, the officers, directors and partners of each Holder, any underwriter (as
defined in the 1933 Act) for such Holder and each person, if any, who controls such Holder or underwriter within the meaning of the 1933 Act or the 1934 Act, against any losses, claims, damages, or
liabilities (joint or several) to which they may become subject under the 1933 Act, the 1934 Act or other federal or state law, insofar as such losses, claims, damages, or liabilities (or actions in
respect thereof) arise out of or are based upon any of the following statements, omissions or violations (collectively, a "Violation"): (i) any untrue statement or alleged untrue statement of a
material fact contained in such registration statement, including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto; (ii) the omission or
alleged omission to state therein a material fact required to be stated therein, or necessary to make the statements therein not misleading; or (iii) any violation or alleged violation by the
Company of the 1933 Act, the 1934 Act, any state securities law or any rule or regulation promulgated under the 1933 Act, the 1934 Act or any state securities law; and the Company will reimburse each
such Holder, officer, director or partner, underwriter or controlling person for any legal or other expenses reasonably incurred by them, as incurred, in connection with investigating or defending any
such loss, claim, damage, liability, or action; provided, however, that the Company's indemnity contained in this Section 1.09(a) shall not apply
to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Company (which consent shall not be unreasonably withheld),
nor shall the Company be liable in any
such case for any such loss, claim, damage, liability, or action to the extent that it arises out of or is based upon a Violation which occurs in reliance upon and in conformity with written
information furnished in writing and expressly stated for use in connection with such registration by such Holder, or such Holder's officers, directors or partners, underwriter, or controlling person.
The Company shall not be required to indemnify any person against any liability arising out of the failure of such person to deliver a prospectus as required by the 1933 Act. The indemnity provided
for in this Section 1.09(a) shall remain in full force and effect regardless of any investigation made by or on behalf of such Holder, officer, director, partner, seller, underwriter,
participating person or controlling person and shall survive transfer of such securities by such person or entity. 

        (b)  To
the extent permitted by law, each selling Holder will indemnify and hold harmless the Company, each of its directors, each of its officers who have signed the
registration statement, 

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each person, if any, who controls the Company within the meaning of the 1933 Act, any underwriter (within the meaning of the 1933 Act) for the Company, any person who controls such underwriter, and
any other Holder selling securities in such registration statement or any of its partners, directors or officers or any person who controls such Holder, against any losses, claims, damages or
liabilities (joint or several) to which any of the foregoing persons may become subject, under the 1933 Act, the 1934 Act or other federal or state law, insofar as such losses, claims, damages, or
liabilities (or actions in respect thereto) arise out of or are based upon any Violation, in each case to the extent (and only to the extent) that such Violation occurs in reliance upon and in
conformity with written information furnished by such Holder expressly stated in a writing for use in connection with such registration; and each such Holder will reimburse any legal or other
expenses, as incurred, where same are reasonably incurred by any person intended to be indemnified pursuant to this Section 1.09(b), in connection with investigating or defending any such loss,
claim, damage, liability, or action; provided, however, that the indemnity agreement contained in this Section 1.09(b) shall not apply to amounts
paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Holder, which consent shall not be unreasonably withheld;  provided further, that in no event shall any indemnity under this Section 1.09(b) exceed the net proceeds received by such Holder. 

        (c)  Promptly
after receipt by an indemnified party under this Section 1.09 of notice of the commencement of any action (including any governmental action), such
indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 1.09, notify the indemnifying party in writing of the commencement thereof,
and the indemnifying party shall have the right to participate in and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume the
defense thereof with counsel mutually satisfactory to the parties; provided, however, that an indemnified party shall have the right to retain its own
counsel, with the reasonable fees and expenses to be paid by the indemnifying party, if the indemnified party reasonably determines that representation of such indemnified party by the counsel
retained by the indemnifying party would be inappropriate due to actual or potential differing interests between such indemnified party and any other party represented by such counsel in such
proceeding. The failure to notify an indemnifying party within a reasonable time of the commencement of any such action, to the extent prejudicial to its ability to defend such action, shall relieve
such indemnifying party of any liability to the indemnified party under this Section 1.09, but the omission so to notify the indemnifying party will not relieve it of any liability that it may
have to any indemnified party otherwise than under this Section 1.09. 

        (d)  If
the indemnification provided for in this Section 1.09 is held by a court of competent jurisdiction to be unavailable to an indemnified party with respect to
any losses, claims, damages or liabilities referred to herein, the indemnifying party, in lieu of indemnifying such indemnified party thereunder, shall to the extent permitted by applicable law
contribute to the amount paid or payable by such indemnified party as a result of such loss, claim, damage or liability in such proportion as is appropriate to reflect the relative fault of the
indemnifying party, on the one hand, and of the indemnified party, on the other, in connection with that which resulted in such loss, claim, damage or liability, as well as any other relevant
equitable considerations. The relative fault of the indemnifying party and of the indemnified party shall be determined by a court of law by reference to, among other things, whether the untrue or
alleged untrue statement of a material fact or the omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party and the parties' relative
intent. 

        1.09    Reports Under Securities Exchange Act of 1934.    With a view to making available to the Holders the benefits
of Rule 144 promulgated under the 1933 Act and any other rule or regulation 

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of the SEC that may at any time permit a Holder to sell securities of the Company to the public without registration, the Company agrees to: 

        (a)  file
with the SEC in a timely manner all reports and other documents required of the Company under the 1933 Act and the 1934 Act; and 

        (b)  furnish
to any Holder, so long as the Holder owns any Registrable Securities, forthwith upon request: (i) a written statement by the Company that it has complied
with the reporting requirements of Rule 144, the 1933 Act and the 1934 Act, or that it qualifies as a registrant whose securities may be resold pursuant to Form S-3;
(ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents so filed by the Company; and (iii) such other information as may be
reasonably requested in order to permit any Holder to avail itself of any rule or regulation of the SEC or any state securities authority which permits the selling of any such securities without
registration or pursuant to such form. 

        1.10    Assignment of Registration Rights.    Registration rights (but not the right to demand registration under
Section 1.02) pursuant to this Section 1 may be assigned by Investor to a transferee or assignee of such securities: (a) if such transferee or assignee was a Holder of Registrable
Securities hereunder prior to such transfer; (b) if such transfer is made in connection with the transfer of all Registrable Securities held by the transferor; (c) if such transferee or
assignee acquires at least five percent (5%) of the then outstanding Registrable Securities; or (d) in connection with a distribution by such Holder, to any partner, former partner, member,
former member, stockholder or former stockholder or the estate of any such person, provided the Company is, within a reasonable time after such
transfer, furnished with written notice of the name and address of such transferee or assignee and the securities with respect to which such registration rights are being assigned;  provided, however,
that such assignment shall be effective only if the transferee agrees to be bound by the terms and conditions of this Agreement.
 

        1.11    "Market Stand-Off" Agreement.    Each Holder agrees that, in connection with any underwritten
public offering of the Company's Common Stock, upon request of the Company or the underwriters managing such underwritten offering of the Company's Common Stock, not to sell, make any short sale of,
loan, grant any option for the purchase of, or otherwise dispose of any Common Stock of the Company (other than those Common Stock shares included in the registration) without the prior written
consent of the Company or such underwriters, as the case may be, for such period of time (not to exceed one hundred eighty (180) days) from the effective date of such registration as may be
requested by the underwriters and as is agreed to by each beneficial owner of 1% or more of the Company's Common Stock and each officer and director of the Company; provided,
however, that such Holder shall be released from any such agreement at the same time that such officers, directors or beneficial owners may be released. In order to enforce the
foregoing covenant, the Company may impose stop-transfer instructions with respect to the Registrable Securities of each Holder (and the shares of securities of every other person subject
to the foregoing restriction) until the end of such period. 

        1.12    Limitations on Subsequent Registration Rights.    During the term of this Agreement, the Company shall not,
without the prior written consent of Investor, which shall not be unreasonably withheld, enter into any agreement with any holder or prospective holder of any securities of the Company which would:
(a) allow such holder or prospective holder to include such securities in any registration filed by the Company, unless under the terms of such agreement, such holder or prospective holder may
include such securities in any such registration only to the extent that this inclusion of such holder's securities will not reduce the amount of Registrable Securities of Holders which is included;
(b) permit such holder or prospective holder to require the Company to initiate any registration of any securities of the Company; or (c) otherwise be in conflict with the terms hereof. 

        1.13    Termination of the Company's Obligations.    The right of any Holder to request registration or inclusion in
any registration pursuant to this Section 1 shall terminate on the earlier to occur of (i) August    , 2012; or (ii) the date on which all shares of Registrable
Securities held by and issuable to such Holder may be sold under Rule 144 during any ninety (90) day period. 

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        2.    Voting Agreement.    

        2.01    Voting of Unreleased Shares.    Investor shall use best efforts to vote all "Unreleased Shares," as that term
is defined in the Stock Restriction Agreement, of the Company's Common Stock owned of record or beneficially by Investor at any annual or special meeting of the Company's shareholders in favor of, or
take all actions by written consent in lieu of any such meeting necessary to cause, the proposals submitted for shareholder approval as recommended and requested by a majority of the Company's Board
of Directors then in office. Investor hereby agrees to vote all of the Unreleased Shares, except with the prior written consent of the Company, against any action which is intended, or could
reasonably be expected to, impede, interfere with, delay, postpone, discourage or materially adversely affect the contemplated benefits to the Company of this Agreement. Investor shall not enter into
any agreement or understanding with any person or entity to vote or give instructions in any manner inconsistent with this Section 2.01. 

        2.02    Irrevocable Proxy.    Investor hereby grants to the Company, and appoints Dominic Ng, Chairman, and Douglas P.
Krause, Senior Vice President and General Counsel of the Company, in their respective capacities as officers of the Company, and any individual who shall succeed to any such office of the Company, and
any other designee of the Company, and each of them, as Investor's irrevocable proxy and attorney-in-fact (with full power of substitution and resubstitution) to vote the
Unreleased Shares with respect to the subject matter of this Agreement. Investor intends this proxy to be irrevocable and coupled with an interest, and will take such further action and execute such
other instruments as may be necessary to effectuate the intent of this proxy. 

        3.    General Provisions.    

        3.01    Further Assurances.    Each party agrees to cooperate fully with the other parties and to execute such further
instruments, documents and agreements and to give such further written assurances, as may be reasonably requested by any other party to better evidence and reflect the transactions described herein
and contemplated hereby, and to effect the intents and purposes of this Agreement and the Ancillary Agreements. 

        3.02    Rights Cumulative.    Each and all of the various rights, powers and remedies of the parties hereto shall be
considered to be cumulative with and in addition to any other rights, powers and remedies which such parties may have at law or in equity in the event of the breach of any of the terms of this
Agreement. The exercise or partial exercise of any right, power or remedy shall neither constitute the exclusive election thereof nor the waiver of any other right, power or remedy available to such
party. 

        3.03    Notices.    All notices, consents or demands of any kind which any party to this Agreement may be required or
may desire to serve on any other party hereto in connection with this Agreement shall be in writing and may be delivered by personal service or overnight courier, by telex or facsimile transfer, or by
registered or certified mail, return receipt requested, deposited in the United States mail with first-class postage thereon fully prepaid, addressed as set forth below. Service of any such notice or
demand so made by mail shall be deemed complete on the date of actual delivery as shown by the addressee's registry or certification receipt or at the expiration of five (5) business days after
the date of mailing, whichever is earlier. Any party hereto may from time to time by notice in writing served upon the other party as aforesaid, designate a 

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different mailing address or a different person to which such notices or demands are thereafter to be addressed or delivered. 

	 	 	 
	If to the Company:	 	East West Bancorp Inc.

Attn: Douglas P. Krause

Executive Vice President,

General Counsel and Secretary

415 Huntington Drive

San Marino, CA 91108

Facsimile: 626-799-3167

Telephone: 626-583-3587
	

If to Investor:	
 	

Ho Yuan Chen and Chang-Hua Kang Chen

6281 Regio Avenue

Buena Park, CA 90620-1042

Facsimile: 714-521-3366

Telephone: 714-521-8899
	

With a copy to:	
 	

Keith E. Thomas, Esq.

4685 MacArthur Court, Suite 450

Newport Beach, CA 92660

Facsimile: 949-476-2477

Telephone: 949-475-1997

        3.04    Captions.    Captions are provided herein for convenience only and they form no part of this Agreement and are
not to serve as a basis for interpretation or construction of this Agreement, nor as evidence of the intention of the parties hereto. 

        3.05    Severability.    The invalidity, in whole or in part, of any provision of this Agreement shall not affect the
validity or enforceability of any other of its provisions. If one or more provisions hereof shall be so declared invalid or unenforceable, the remaining provisions shall remain in full force and
effect and shall be construed in the broadest possible manner to effectuate the purposes hereof. The parties further agree to replace such void or unenforceable provisions of this Agreement with valid
and enforceable provisions which will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provisions. 

        3.06    Attorneys' Fees.    In any action at law or in equity to enforce any of the provisions or rights under this
Agreement, the unsuccessful party to such litigation, as determined by the court in a final judgment or decree, shall pay the successful party all reasonable costs, expenses and attorneys' fees
incurred by the successful party (including, without limitation, costs, expenses and fees on any appeal) with respect to such action. 

        3.07    Counterparts; Facsimile.    This Agreement may be executed in separate counterparts and in facsimile, each of
which shall be deemed an original, and when executed, separately or together, shall constitute a single original instrument, effective in the same manner as if the parties hereto had executed one and
the same instrument. 

        3.08    Waiver.    No waiver of any term, provision or condition herein, whether by conduct or otherwise, in any one
or more instances, shall be deemed to be, or be construed as, a further or continuing waiver of any such term, provision or condition or as a waiver of any other term, provision or condition hereof. 

        3.09    Entire Agreement.    Contemporaneously with the execution of this Agreement the parties have entered into the
Ancillary Agreements which, together with this Agreement are intended by the parties hereto to be the final expression of their agreement and constitute and embody the 

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entire agreement and understanding of the parties with regard to the subject matter hereof and thereof, and are a complete and exclusive statement of the terms and conditions thereof, and shall
supersede any and all prior correspondence, conversations, negotiations, agreements or understandings relating to the same subject. 

        3.10    Governing Law.    It is the intention of the parties that the internal laws of the State of California
(irrespective of its choice of law principles) shall govern the validity of this Agreement, the construction of its terms and the interpretation of the rights and duties of the parties. 

        3.11    Successors and Assigns.    This Agreement and all of its terms, conditions and covenants are intended to be
fully effective and binding, to the extent permitted by law, on the heirs, executors, administrators, successors and permitted assigns of the parties hereto. 

        3.12    Amendment.    This Agreement may not be modified, amended, altered or changed in any respect whatsoever except
by further agreement in writing, duly executed by all parties hereto. No oral statements or representations made after the date of this Agreement by either party hereto are binding on such party, and
neither party hereto shall have the right to rely on such oral statements or representations. 

        3.13    Arbitration.    Any controversy or claim, whether based on contract, tort, statute, indemnity, or other legal
theory (including but not limited to any claim of fraud or misrepresentation) arising out of or related to this Agreement or the Ancillary Agreements will be settled by arbitration before a retired
judge or justice chosen by the parties through the Judicial Arbitration and Mediation Service ("JAMS") of Los Angeles County. The parties agree that JAMS will provide a list of five available judges
or justices from which the parties will choose a single judge or justice to arbitrate their dispute. If the parties cannot agree on a single judge or justice, each party will have the right to reject
or strike up to two (2) judges or justices from the list of five. The arbitrator will then be chosen from the remaining judge(s) or justice(s) by blind draw supervised by JAMS. In rendering his
or her award, the retired judge or justice ("Arbitrator") will have no authority or jurisdiction to modify or change any provision of this Agreement or to award punitive damages. The Arbitrator will
have the authority to determine the arbitrability of any dispute between the parties and will also have the authority to establish procedural rules to govern the arbitration of any dispute between the
parties. Any judgment upon the award rendered by the Arbitrator will be final and binding and may be entered in any court having jurisdiction thereof. 

        3.14    Choice of Forum.    Any judicial proceeding brought by any party hereto as a result of a dispute or
controversy arising out of or related to this Agreement shall be commenced in courts located within Los Angeles County, California. All parties hereto agree to submit to the jurisdiction of the
federal and state courts located within such county in the event of such a dispute or controversy. 

        3.15    Assignment.    Neither this Agreement nor any of the rights, interests or obligations of either party hereto
arising under this Agreement may be assigned by either party hereto without the prior written consent of the other party hereto. 

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        IN
WITNESS WHEREOF, the parties hereto have executed this Investor Agreement with the intent and agreement that the same shall be effective as of the day and year first above written. 

	COMPANY:	 	EAST WEST BANCORP INC.
	

 	
 	

By:	
 	

	 	 	Name:	 	

	 	 	Title:	 	

	
INVESTOR:	
 	

 	
 	

 
	

 	
 	

 Ho Yuan Chen
	

 	
 	

 Chang-Hua Kang Chen

11

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Exhibit 4.5  

 Warrant No.            

 
 

COMMON STOCK PURCHASE WARRANT    
  

        THIS WARRANT (THE "WARRANT") HAS BEEN, AND THE SHARES OF COMMON STOCK WHICH MAY BE PURCHASED PURSUANT TO THE EXERCISE OF THIS WARRANT (THE "SHARES") WILL BE,
ACQUIRED SOLELY FOR INVESTMENT AND NOT WITH A VIEW TO, OR FOR RESALE IN CONNECTION WITH, ANY DISTRIBUTION THEREOF. NEITHER THIS WARRANT NOR THE SHARES (TOGETHER, THE "SECURITIES") HAVE BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR ANY STATE SECURITIES LAWS. SUCH SECURITIES MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF SUCH REGISTRATION
OR AN EXEMPTION FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF THE ACT AND OF ANY APPLICABLE STATE SECURITIES LAWS. 

	 	 	 
	 	 	Void after August    , 2012

 
 

EAST WEST BANCORP INC.
  
    WARRANT TO PURCHASE THREE HUNDRED THOUSAND (300,000) SHARES OF COMMON STOCK    
  

        THIS
CERTIFIES THAT, for value received, Ho Yuan Chen and Chang-Hua Kang Chen, Husband and Wife, as community property (the "Holder"), is entitled to subscribe for and
purchase from East West Bancorp, Inc., a Delaware corporation (the "Company"), Three Hundred Thousand (300,000) shares (as adjusted pursuant to Section 4 hereof) (the "Shares"), of the
fully paid and nonassessable Common Stock, par value $0.001 (the "Common Stock"), of the Company at the price of Twenty Six Dollars and Sixty Seven Cents ($26.67) per share (the "Exercise Price") (as
adjusted pursuant to Section 4 hereof), subject to the provisions and upon the terms and conditions hereinafter set forth. 

        This
Warrant is subject to the following terms and conditions: 

        1.    Method of Exercise: Vesting.    The purchase rights represented by this Warrant shall become exercisable in
equal annual installments over a period of six (6) years from the date hereof, with rights to purchase an amount equal to twenty percent (20%) of the Shares becoming exercisable upon each
anniversary (other than the first anniversary) of the date hereof, commencing upon the second anniversary of the date hereof. Rights to purchase Shares shall be exercisable for a period of five
(5) years from the date of vesting of such rights. 

        (a)    Change in Control.    Notwithstanding the foregoing, all purchase rights not previously vested shall become
fully vested and exercisable upon a "Change in Control" of the Company. For purposes of this Warrant, "Change in Control" is defined to be: (i) any sale of stock of the Company, or any merger
or consolidation of the Company with or into another corporation, in which the shareholders of the Company immediately prior to such sale, merger or consolidation own, in the aggregate, less than 50%
of the voting securities of the successor corporation following such sale, merger or consolidation; or (ii) the sale of all or substantially all the assets of the Company. 

        (b)    Breach of Marketing Agreements.    Contemporaneously with the execution and delivery of this Warrant, the
Company's subsidiary, East West Bank (the "Bank"), will enter 

1

 

into a marketing agreement and a master license agreement (collectively, the "Marketing Agreements"), both dated as of the date hereof, with each of Welcome Market, Inc., a California
corporation, and TAWA Supermarket, Inc., a California corporation (collectively, the "Markets"), pursuant to which the Bank will market its services through the Markets. Notwithstanding the
vesting schedule set forth above, all purchase rights not previously vested shall become fully vested and exercisable upon a "Company Caused" termination of either of the Marketing Agreements. A
"Company Caused" termination is defined to be any termination by either one of the Markets of either one of the Marketing Agreements, but only if the cause of such termination is a material breach by
the Bank thereunder. 

        2.    Method of Exercise: Payment.    

        (a)    Cash Payment.    The purchase rights represented by this Warrant may be exercised by the Holder, in whole or in
part, from time to time by the surrender of this Warrant (with the notice of exercise form (the "Notice of Exercise") attached hereto as  Exhibit A duly executed) at the principal office of the
Company, and by the payment to the Company of an amount equal to the Exercise Price
multiplied by the number of the Shares being purchased, which amount may be paid, at the election of the Holder, by wire transfer or certified check payable to the order of the Company. The person or
persons in whose name(s) any certificates representing Shares shall be issuable upon exercise of this Warrant shall be deemed to have become the holder(s) of record of, and shall be treated for all
purposes as the record holder(s) of, the Shares represented thereby (and such Shares shall be deemed to have been issued) immediately prior to the close of business on the date or dates upon which
this Warrant is exercised. 

        (b)    Net Issue Exercise.    In lieu of exercising this Warrant pursuant to Section 2(a) hereof, the Holder
may elect to receive a number of Shares equal to the value (as determined below) of this Warrant (or the portion thereof being exercised) by surrender of this Warrant at the principal office of the
Company together with Notice of Exercise in which Alternative No. 1 is initialed by the Holder. In such event, the Company shall issue to the Holder a number of Shares computed using the
following formula: 

	 	 	 	 	 
	 	 	 	 	X = Y (A-B)

              A
	

Where X	
 	

=	
 	

the number of Shares to be issued to the Holder.
	

Y	
 	

=	
 	

the number of Shares subject to this Warrant (as adjusted to the date of such calculation).
	

A	
 	

=	
 	

the fair market value of one share of the Company's Common Stock.
	

B	
 	

=	
 	

the Exercise Price (as adjusted to the date of such calculation).

        (c)    Fair Market Value.    For purposes of Section 2(b), the fair market value of the Company's Common Stock
shall mean the average closing price quoted on any exchange on which the common Stock is listed, as published in the Western Edition of The Wall Street
Journal, for the ten trading days prior to the date of determination of fair market value. 

        (d)    "Easy Sale" Exercise.    In lieu of the payment methods set forth in Section 2(a) above, when permitted
by law and applicable regulations (including Nasdaq and NASD rules), the Holder may pay the Exercise Price through a "same day sale" commitment from the Holder (and if applicable a broker-dealer that
is a member of the National Association of Securities Dealers (a "NASD Dealer")), whereby the Holder irrevocably elects to exercise this 

2

 

Warrant and to sell at least that number of Shares so purchased to pay the Exercise Price (and up to all of the Shares so purchased) and the Holder (or, if applicable, the NASD Dealer) commits upon
sale (or, in the case of the NASD Dealer, upon receipt) of such Shares to forward the Exercise Price directly to the Company, with any sale proceeds in excess of the Exercise Price being for the
benefit of the Holder. 

        (e)    Stock Certificates.    In the event of any exercise of the rights represented by this Warrant, certificates for
the shares of Common Stock so purchased shall be delivered to the Holder as soon as practicable, and, unless this Warrant has been fully exercised or has expired, a new Warrant representing the Shares
with respect to which this Warrant shall not have been exercised shall also be issued to the Holder within such time. 

        3.    Stock Fully Paid; Restrictions on Shares; Reservation of Shares.    All of the Shares issuable upon the exercise
of the rights represented by this Warrant will, upon issuance and receipt of the Exercise Price therefor, be duly authorized, validly issued, fully paid and nonassessable, and free from all preemptive
rights, rights of first refusal or first offer, taxes, liens, charges, security interests and other encumbrances or restrictions. During the period within which the rights represented by this Warrant
may be exercised, the Company shall at all times have authorized and reserved for issuance sufficient shares of its Common Stock to provide for the exercise of the rights represented by this Warrant
and, from time to time, will take all steps necessary to amend its Certificate of Incorporation to provide sufficient reserves of shares of Common Stock issuable upon exercise of this Warrant. 

        4.    Adjustment of Exercise Price and Number of Shares.    The number and kind of shares purchasable upon the
exercise of this Warrant and the Exercise Price therefor shall be subject to adjustment from time to time upon the occurrence of certain events, as follows: 

        (a)    Adjustment for Stock Splits, Stock Subdivisions or Combinations of Shares.    The Exercise Price of this
Warrant shall be proportionally decreased and the number of shares of Common Stock issuable upon exercise of this Warrant (or any shares of stock or other securities at the time issuable upon exercise
of this Warrant) shall be proportionally increased to reflect any stock split or subdivision of the Company's Common Stock. The Exercise Price of this Warrant shall be proportionally increased and the
number of shares of Common Stock issuable upon exercise of this Warrant (or any shares of stock or other securities at the time issuable upon exercise of this Warrant) shall be proportionally
decreased to reflect any combination of the Company's Common Stock. 

        (b)    Adjustment for Dividends or Distributions of Stock or Other Securities or Property.    In case the Company
shall make or issue, or shall fix a record date for the determination of eligible holders entitled to receive, a dividend or other distribution with respect to the Common Stock (or any shares of stock
or other securities at the time issuable upon exercise of the Warrant) payable in (i) securities of the Company or (ii) assets (excluding cash dividends paid or payable solely out of
retained earnings), then, in each such case, the Holder of this Warrant on exercise hereof at any time after the consummation, effective date or record date of such dividend or other distribution,
shall receive, in addition to the shares of Common Stock (or such other stock or securities) issuable on such exercise prior to such date, and without the payment of additional consideration therefor,
the securities or such other assets of the Company to which such Holder would have been entitled upon such date if such Holder had exercised this Warrant on the date hereof and had thereafter, during
the period from the date hereof to and including the date of such exercise, retained such shares and all such additional securities or other assets distributed with respect to such shares as aforesaid
during such period giving effect to all adjustments called for by this Section 4(b). 

3

 

        (c)    Reclassification.    If the Company, by reclassification of securities or otherwise, shall change any of the
securities as to which purchase rights under this Warrant exist into the same or a different number of securities of any other class or classes, this Warrant shall thereafter represent the right to
acquire such number and kind of securities as would have been issuable as the result of such change with respect to the securities that were subject to the purchase rights under this Warrant
immediately prior to such reclassification or other change, and the Exercise Price therefor shall be appropriately adjusted, all subject to further adjustment as provided in this Section 4(c).
No adjustment shall be made pursuant to this Section 4(c) upon any conversion or redemption of the Common Stock which is the subject of Section 4(e). 

        (d)    Adjustment for Capital Reorganization, Merger or Consolidation.    In case of any capital reorganization of the
capital stock of the Company (other than a combination, reclassification, exchange or subdivision of shares otherwise provided for herein), or any merger or consolidation of the Company with or into
another corporation, or the sale of all or substantially all the assets of the Company then, and in each such case, as a part of such reorganization, merger, consolidation, sale or transfer, lawful
provision shall be made so that the Holder of this Warrant shall thereafter be entitled to receive upon exercise of this Warrant, during the period specified herein and upon payment of the Exercise
Price then in effect, the number of shares of stock or other securities or property of the successor corporation resulting from such reorganization, merger, consolidation, sale or transfer that a
holder of the shares deliverable upon exercise of this Warrant would have been entitled to receive in such reorganization, consolidation, merger, sale or transfer if this Warrant had been exercised
immediately before such reorganization, merger, consolidation, sale or transfer, all subject to further adjustment as provided in this Section 4(d). The foregoing provisions of this
Section 4(d) shall similarly apply to successive reorganizations, consolidations, mergers, sales and transfers and to the stock or securities of any other corporation that are at the time
receivable upon the exercise of this Warrant. If the per-share consideration payable to the Holder hereof for shares in connection with any such transaction is in a form other than cash or
marketable securities, then the value of such consideration shall be determined in good faith by the Company's Board of Directors. In all events, appropriate adjustment (as determined in good faith by
the Company's Board of Directors) shall be made in the application of the provisions of this Warrant with respect to the rights and interests of the Holder after the transaction, to the end that the
provisions of this Warrant shall be applicable after that event, as near as reasonably may be, in relation to any shares or other property deliverable after that event upon exercise of this Warrant. 

        (e)    Conversion of Common Stock.    In case all or any portion of the authorized and outstanding shares of Common
Stock of the Company are redeemed or converted or reclassified into other securities or property pursuant to the Company's Certificate of Incorporation or otherwise, or the Common Stock otherwise
ceases to exist, then, in such case, the Holder of this Warrant, upon exercise hereof at any time after the date on which the Common Stock is so redeemed or converted, reclassified or ceases to exist
(the "Termination Date"), shall receive, in lieu of the number of shares of Common Stock that would have been issuable upon such exercise immediately prior to the Termination Date, the securities or
property that would have been received if this Warrant had been exercised in full and the Common Stock received thereupon had been simultaneously converted immediately prior to the Termination Date,
all subject to further adjustment as provided in this Warrant. Additionally, the Exercise Price shall be immediately adjusted to equal the quotient obtained by dividing (x) the aggregate
Exercise Price of the maximum number of shares of Common Stock for which this Warrant was exercisable immediately prior to the Termination Date by (y) the number of shares of Common Stock of
the Company for which this Warrant is 

4

 

exercisable immediately after the Termination Date, all subject to further adjustment as provided herein. 

        5.    Notices.    

        (a)  Upon
any adjustment of the Exercise Price and any increase or decrease in the number of Shares purchasable upon the exercise of this Warrant in accordance with
Section 5 hereof, then, and in each such case, the Company, within fifteen (15) days thereafter, shall give written notice thereof to the Holder at the address of such Holder as shown on
the books of the Company. Such notice shall state the Exercise Price as adjusted and, if applicable, the increased or decreased number of Shares purchasable upon the exercise of this Warrant, setting
forth in reasonable detail the method of calculation of each. 

        (b)  The
Company shall send to the Holder not less than thirty (30) days before the expiration of this Warrant, a written notice of the date on which this Warrant will
expire. 

        6.    Transfer of Warrant.    This Warrant and all rights hereunder are transferable in accordance with the conditions
in Section 7 hereof. In order to effect any transfer of all or a portion of this Warrant or the Shares, the transferor shall deliver a completed and duly executed Notice of Transfer (attached
hereto as Exhibit B). Upon any permitted partial transfer, the Company will issue and deliver to the Holder a new Warrant or Warrants with
respect to the shares of Common Stock not so transferred. Each taker and holder of this Warrant, by taking or holding the same, consents and agrees that when this Warrant shall have been so endorsed,
the person in possession of this Warrant may be treated by the Company, and all other persons dealing with this Warrant, as the absolute owner hereof for any purpose and as
the person entitled to exercise the rights represented hereby, any notice to the contrary notwithstanding. 

        7.    Condition of Transfer of Warrant.    

        (a)  It
shall be a condition to any transfer of this Warrant, or of any or all of the Shares issued upon exercise of this Warrant, other than a transfer registered under the
Act, that the Holder shall have given written notice to the Company which shall describe the manner and circumstances of the proposed transfer and be accompanied by evidence reasonably satisfactory to
the Company that such transfer is exempt from the registration requirements of the Act and applicable state securities laws. 

        (b)  Each
certificate evidencing the Shares issued upon exercise of this Warrant, or transfer of such Shares (other than a transfer registered under the Act or any subsequent
transfer of Shares so registered), shall be stamped or imprinted with the following legends: 

          (i)  (a)
a legend containing the following or substantially similar language: 

THE
SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR FOR RESALE IN CONNECTION WITH, ANY DISTRIBUTION THEREOF, AND HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "ACT") OR ANY STATE SECURITIES LAWS. SUCH SECURITIES MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF SUCH REGISTRATION OR AN
EXEMPTION UNDER THE ACT. 

        and

        (ii)  any
legend required to be placed thereon by applicable state securities law authorities. 

5

 

        Subject
to this Section 7, the Company may instruct its transfer agent not to register the transfer of all or a part of this Warrant, or any of the Shares, unless the conditions
specified in the above legends are satisfied. 

        8.    Removal of Legend.    Upon request of a holder of a certificate with the legend referred to in Section 7
hereof, the Company shall issue to such holder a new certificate therefor free of any transfer legend, if with such request the Company shall have received reasonably satisfactory evidence that the
sale of such Shares is being made pursuant to Rule 144 under the Act or under any other exemption under the Act. 

        9.    Fractional Shares.    No fractional Shares of Common Stock will be issued in connection with any exercise
hereunder, but in lieu of such fractional Shares the Company shall make a cash payment therefor upon the basis of the Exercise Price then in effect. 

        10.    Right of Refusal.    In the event of an acceleration of the vesting of rights to purchase under
Section 1(b) as a result of a Company Caused termination of one of the Marketing Agreements, the Company shall have a first right of refusal (the "Right of Refusal") to acquire all, but not
less than all, of those Shares for which the right to acquire shall have been accelerated as a result of such Company Caused termination (but not as to those Shares for which the right to acquire
shall have vested prior thereto for any reason other than such Company Caused termination) and which Investor may thereafter propose to transfer, upon the same terms and conditions as proposed to be
transferred by Investor, pursuant to a written notice of such proposed transfer (the "Notice") provided by Investor to the Company at least thirty (30) days prior to the proposed date of
transfer, specifying the proposed transferee, the number of Shares to be transferred, the price per share, the terms of transfer and the manner of payment. The Company shall have a period of seven
(7) days from receipt of the Notice in which to exercise its Right of Refusal and to purchase all, but not less than all, of the Shares proposed to be transferred on the same terms and
conditions specified in the Notice. If the Company does not elect to exercise its Right of Refusal within such 7-day period, then Investor may proceed to consummate the proposed
transaction, but only upon substantially the same terms and conditions specified in the Notice; provided, however, that any substantial change in such
terms and conditions of sale from that specified in the Notice will require Investor to provide a new notice to the Company and afford the Company a subsequent additional Right of Refusal with respect
to such Shares upon such amended terms and conditions. The Right of Refusal shall cease to apply as to Shares on the earlier to occur of: (i) the date when such Shares would have otherwise
vested in accordance with the schedule first set forth at Section 1, in the same proportion as that schedule otherwise provides; or (ii) the date when such Shares may be sold under
Rule 144 within any ninety (90) day period. 

        11.    Representations and Warranties of the Company.    The Company represents and warrants to the Holder as follows: 

        (a)  All
corporate action on the part of the Company, its officers, directors and shareholders necessary for (i) the authorization, execution and delivery of, and the
performance of all obligations of the Company under, this Warrant, and (ii) the authorization, issuance, reservation for issuance and delivery of all of the Common Stock issuable upon exercise
of this Warrant, has been duly taken. This Warrant constitutes a valid and binding obligation of the Company enforceable in accordance with its terms. All consents, approvals and authorizations of,
and registrations, qualifications and filings with, any federal or state governmental agency, authority or body, or any third party, required in connection with the execution, delivery and performance
of this Warrant and the consummation of the transactions contemplated hereby and thereby have been obtained; 

6

 

        (b)  The
Shares have been duly authorized and reserved for issuance by the Company and, when issued in accordance with the terms hereof, will be validly issued, fully paid
and nonassessable; 

        (c)  The
rights, preferences, privileges and restrictions granted to or imposed upon the Shares and the holders thereof are as set forth in the Company's Certificate of
Incorporation, a true and complete copy of which has been delivered to the original Holder of this Warrant; 

        (d)  The
execution and delivery of this Warrant are not, and the issuance of the Shares upon exercise of this Warrant in accordance with the terms hereof will not be,
inconsistent with the Company's Certificate of Incorporation or Bylaws, as amended; 

        (e)  The
Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate power to own,
lease and operate its property and to carry on its business as now being conducted; 

        (f)    The
Warrant has been, and, when issued in accordance with the terms hereof, the Shares, will be, issued in full compliance with the registration and prospectus delivery
requirements of the Act and the registration and qualification requirements of all applicable state securities laws, or in compliance with applicable exemptions therefrom, and all other provisions of
applicable federal and state securities laws, including without limitation, anti-fraud provisions; and 

        (g)  All
consents, approvals, orders, authorizations or registrations, qualifications, declarations or filings with any federal or state governmental authority on the part of
the Company required in connection with the consummation of the transactions contemplated herein shall have been obtained prior to and be effective as of the date hereof. 

        12.    Representations and Warranties by the Holder.    The Holder represents and warrants to the Company as follows: 

        (a)  This
Warrant is being acquired for its own account, for investment and not with a view to, or for resale in connection with, any distribution or public offering thereof
within the meaning of the Act; 

        (b)  The
Holder understands that the Warrant and the Shares have not been registered under the Act by reason of their issuance in a transaction exempt from the registration
and prospectus delivery requirements of the Act pursuant to Section 4(2) thereof, and that they must be held by the Holder indefinitely, and that the Holder must therefore bear the economic
risk of such investment indefinitely, unless a subsequent disposition thereof is registered under the Act or is exempted from such registration. The Holder further understands that the Shares have not
been qualified under the California Securities Law of 1968 (the "California Law") by reason of their issuance in a transaction exempt from the qualification requirements of the California Law pursuant
to Section 25102(f) thereof, which exemption depends upon, among other things, the bona fide nature of the Holder's investment intent expressed above; 

        (c)  The
Holder has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of the purchase of this Warrant and
the Shares purchasable pursuant to the terms of this Warrant and of protecting its interests in connection therewith; and 

        (d)  The
Holder is able to bear the economic risk of the purchase of the Shares pursuant to the terms of this Warrant. 

        13.    Rights of Stockholders.    No holder of this Warrant shall be entitled, as a Warrant holder, to vote or receive
dividends or be deemed the holder of Common Stock or any other securities of the Company which may at any time be issuable on the exercise hereof for any purpose, nor shall 

7

 

anything contained herein be construed to confer upon the holder of this Warrant, as such, any of the rights of a stockholder of the Company or any right to vote for the election of directors or upon
any matter submitted to stockholders at any meeting thereof, or to give or withhold consent to any corporate action (whether upon any recapitalization, issuance of stock, reclassification of stock,
change of par value, consolidation, merger, conveyance, or otherwise) or to receive notice of meetings, or to receive dividends or subscription rights or otherwise until the Warrant shall have been
exercised and the Shares purchasable upon the exercise hereof shall have become deliverable, as provided herein. 

        14.    Expiration of Warrant.    This Warrant shall expire and shall no longer be exercisable as of 5:00 p.m.,
California local time, on August    , 2012; provided, however, that no right to purchase Shares shall be exercisable after five
(5) years from the date of vesting of such right. 

        15.    Registration Rights.    All shares of Common Stock issuable upon exercise of this Warrant shall be "Registrable
Securities" as defined in the Investor Agreement between the Holder and the Company. 

        16.    Notices of Record Date.    In case: 

        (a)  the
Company shall take a record of the holders of its Common Stock (or other stock or securities at the time receivable upon the exercise of this Warrant), for the
purpose of entitling them to receive any dividend or other distribution, or any right to subscribe for or purchase any shares of stock of any class or any other securities or to receive any other
right; 

        (b)  of
any consolidation or merger of the Company with or into another corporation, any capital reorganization of the Company, any reclassification of the Capital Stock of
the Company, or any conveyance of all or substantially all of the assets of the Company to another corporation in which holders of the Company's stock are to receive stock, securities or property of
another corporation; 

        (c)  of
any voluntary dissolution, liquidation or winding-up of the Company; or 

        (d)  of
any redemption or conversion of all outstanding Common Stock, 

8

   
        then, and in each such case, the Company will mail or cause to be mailed to the Holder of this Warrant a notice specifying, as the case may be: (i) the date on which a record is
to be taken for the purpose of such dividend, distribution or right; or (ii) the date on which such reorganization, reclassification, consolidation, merger, conveyance, dissolution,
liquidation, winding-up, redemption or conversion is to take place, and the time, if any is to be fixed, as of which the holders of record of Common Stock or (such stock or securities as
at the time are receivable upon the exercise of this Warrant), shall be entitled to exchange their shares of Common Stock (or such other stock or securities), for securities or other property
deliverable upon such reorganization, reclassification, consolidation, merger, conveyance, dissolution, liquidation or winding-up. Such notice shall be delivered at least thirty
(30) days prior to the date therein specified. 

        17.    No Inconsistent Agreements.    The Company will not on or after the date of this Warrant enter into any
agreement with respect to its securities which is inconsistent with the rights granted to the Holders of this Warrant or otherwise conflicts with the provisions hereof. The rights granted to the
Holders hereunder do not in any way conflict with and are not inconsistent with the rights granted to holders of the Company's securities under any other agreements, except rights that have been
waived. 

        18.    Miscellaneous.    

        (a)    Further Assurances.    Contemporaneously with the execution and delivery of this Warrant, the Company and the
Holder have entered into a Stock Purchase Agreement, a Stock Restriction Agreement and an Investor Agreement (the "Ancillary Agreements"). Each party agrees to cooperate fully with the other parties
and to execute such further instruments, documents and agreements and to give such further written assurances, as may be reasonably requested by any other party to better evidence and reflect the
transactions described herein and contemplated hereby, and to effect the intents and purposes of this Warrant and the Ancillary Agreements. 

        (b)    Rights Cumulative.    Each and all of the various rights, powers and remedies of the parties hereto shall be
considered to be cumulative with and in addition to any other rights, powers and remedies which such parties may have at law or in equity in the event of the breach of any of the terms of this
Warrant. The exercise or partial exercise of any right, power or remedy shall neither constitute the exclusive election thereof nor the waiver of any other right, power or remedy available to such
party. 

        (c)    Notices.    Except as may be specifically provided otherwise herein, all notices, consents or demands of any
kind which any party to this Warrant may be required or may desire to serve on any other party hereto in connection with this Warrant shall be in writing and may be delivered by personal service or
overnight courier, by telex or facsimile transfer, or by registered or certified mail, return receipt requested, deposited in the United States mail with first-class postage thereon fully prepaid,
addressed as set forth below. Service of any such notice or demand so made by mail shall be deemed complete on the date of actual delivery as shown by the addressee's registry or certification receipt
or at the expiration of five (5) business days after the date of mailing, whichever is earlier. Any party hereto may from time to time by notice in writing served upon the Company as aforesaid,
designate a different 

9

 

mailing address or a different person to which such notices or demands are thereafter to be addressed or delivered. 

	 	 	 
	If to the Company:	 	East West Bancorp Inc.

Attn: Douglas P. Krause

Executive Vice President,

General Counsel and Secretary

415 Huntington Drive

San Marino, CA 91108

Facsimile: 626-799-3167

Telephone: 626-583-3587
	

If to the Holder:	
 	

Ho Yuan Chen and Chang-Hua Kang Chen

6281 Regio Avenue

Buena Park, CA 90620-1042

Facsimile: 714-521-3366

Telephone: 714-521-8899
	

With a copy to:	
 	

Keith E. Thomas, Esq.

4685 MacArthur Court, Suite 450

Newport Beach, CA 92660

Facsimile: 949-476-2477

Telephone: 949-475-1997

        (d)    Captions.    Captions are provided herein for convenience only and they form no part of this Warrant and are
not to serve as a basis for interpretation or construction of this Warrant, nor as evidence of the intention of the parties hereto. 

        (e)    Severability.    The invalidity, in whole or in part, of any provision of this Warrant shall not affect the
validity or enforceability of any other of its provisions. If one or more provisions hereof shall be so declared invalid or unenforceable, the remaining provisions shall remain in full force and
effect and shall be construed in the broadest possible manner to effectuate the purposes hereof. The parties further agree to replace such void or unenforceable provisions of this Warrant with valid
and enforceable provisions which will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provisions. 

        (f)    Attorneys' Fees.    In any action at law or in equity to enforce any of the provisions or rights under this
Warrant, the unsuccessful party to such litigation, as determined by the court in a final judgment or decree, shall pay the successful party all reasonable costs, expenses and attorneys' fees incurred
by the successful party (including, without limitation, costs, expenses and fees on any appeal) with respect to such action. 

        (g)    Counterparts; Facsimile.    This Warrant may be executed in separate counterparts and in facsimile, each of
which shall be deemed an original, and when executed, separately or together, shall constitute a single original instrument, effective in the same manner as if the parties hereto had executed one and
the same instrument. 

        (h)    Waiver.    No waiver of any term, provision or condition herein, whether by conduct or otherwise, in any one or
more instances, shall be deemed to be, or be construed as, a further or continuing waiver of any such term, provision or condition or as a waiver of any other term, provision or condition hereof. 

        (i)    Entire Agreement.    This Warrant, together with the Ancillary Agreements, are intended by the parties hereto
to be the final expression of their agreement and constitute and 

10

 

embody the entire agreement and understanding of the parties with regard to the subject matter hereof and thereof, and are the complete and exclusive statement of the terms and conditions thereof,
and shall supersede any and all prior correspondence, conversations, negotiations, agreements or understandings relating to the same subject. 

        (j)    Governing Law.    It is the intention of the parties that the internal laws of the State of California
(irrespective of its choice of law principles) shall govern the validity of this Warrant, the construction of its terms and the interpretation of the rights and duties of the parties. 

        (k)    Successors and Assigns.    This Warrant and all of its terms, conditions and covenants are intended to be fully
effective and binding, to the extent permitted by law, on the heirs, executors, administrators, successors and permitted assigns of the parties hereto. 

        (l)    Amendment.    This Warrant may not be modified, amended, altered or changed in any respect whatsoever except by
further agreement in writing, duly executed by all parties hereto. No oral statements or representations made after the date of this Warrant by either party hereto are binding on such party, and
neither party hereto shall have the right to rely on such oral statements or representations. 

        (m)    Arbitration.    Any controversy or claim, whether based on contract, tort, statute, indemnity, or other legal
theory (including but not limited to any claim of fraud or misrepresentation) arising out of or related to this Warrant or the Ancillary Agreements, or any subsequent agreement between the parties,
will be settled by arbitration before a retired judge or justice chosen by the parties through the Judicial Arbitration and Mediation Service ("JAMS") of Los Angeles County. The parties agree that
JAMS will provide a list of five available judges or justices from which the parties will choose a single judge or justice to arbitrate their dispute. If the parties cannot agree on a single judge or
justice, each party will have the right to reject or strike up to two (2) judges or justices from the list of five. The arbitrator will then be chosen from the remaining judge(s) or justice(s)
by blind draw supervised by JAMS. In rendering his or her award, the retired judge or justice ("Arbitrator") will have no authority or jurisdiction to modify or change any provision of this Warrant or
to award punitive damages. The Arbitrator will have the authority to determine the arbitrability of any dispute between the parties and will also have the authority to establish procedural rules to
govern the arbitration of any dispute between the parties. Any judgment upon the award rendered by the Arbitrator will be final and binding and may be entered in any court having jurisdiction thereof. 

        (n)    Good Faith.    The Company shall not, by amendment of its Certificate of Incorporation, or through any other
means, directly or indirectly, avoid or seek to avoid the observance or performance of any of the terms of this Warrant and shall at all times in good faith assist in the carrying out of all such
terms and in the taking of all such action as may be necessary or appropriate in order to protect the rights of the holder of this Warrant against impairment. 

        (o)    Replacement Warrant.    Upon receipt of evidence reasonably satisfactory to the Company of the lost, theft,
destruction or mutilation of this Warrant and, in the case of any such loss, theft or destruction, upon delivery of an indemnity agreement reasonably satisfactory in form and amount to the Company or,
in the case of any such mutilation, upon surrender and cancellation of such Warrant, the Company at its expense will execute and deliver to the holder of record, in lieu thereof, a new Warrant of like
date and tenor. 

        (p)    Acceptance.    Receipt of this Warrant by the Holder shall constitute acceptance of and agreement to the
foregoing terms and conditions. 

11

 

        (q)    Choice of Forum.    Any judicial proceeding brought by any party hereto as a result of a dispute or controversy
arising out of or related to this Agreement shall be commenced in courts located within Los Angeles County, California. All parties hereto agree to submit to the jurisdiction of the federal and state
courts located within such county in the event of such a dispute or controversy. 

        (r)    Assignment.    Except as otherwise specifically provided herein, neither this Warrant nor any of the rights,
interests or obligations of arising hereunder may be assigned by either party hereto without the prior written consent of the other party hereto. 

        IN
WITNESS WHEREOF, the Company has caused this Warrant to be signed by its duly authorized officer. 

	Issued this    day of August, 2001	 	 	 	 
	 	 	EAST WEST BANCORP INC.
	

 	
 	

By:	
 	

	 	 	Name:	 	

	 	 	Title:	 	

	Acknowledged and Accepted:	 	 	 	 
	

 Ho Yuan Chen	
 	

 	
 	

 

12

  

EXHIBIT A 

 
 

NOTICE OF EXERCISE
  
    (To be executed upon exercise of Warrant)    

	 	 	 
	EAST WEST BANCORP INC.	 	WARRANT NO.      

        The
undersigned hereby irrevocably elects to exercise the right of purchase represented by the within Warrant for, and to purchase thereunder, the securities of East West
Bancorp Inc., as provided for therein, and (check the applicable box): 

	 	 	 	 	 
	o	 	Tenders herewith payment of the exercise price in full in the form of cash or a certified or official bank check in same-day funds in the amount of
$                        for                 
       such securities.
	

o	
 	

Elects the Net Issue Exercise option pursuant to Section 2(b) of the Warrant, and accordingly requests delivery of a net
of                        of such securities, according to the following calculation:
	

 	
 	

X = Y(A-B)	
 	

(      )=(      )[(      )-(      )]
	 	 	              A	 	                            (      )
	

 	
 	

Where X = the number of shares of Common Stock to be issued to Holder.
	

 	
 	

Y = the number of shares of Common Stock purchasable under the amount of the Warrant being exchanged (as adjusted to the date of such calculation).
	

 	
 	

A = the Fair Market Value of one share of the Company's Common Stock.
	

 	
 	

B = Purchase Price (as adjusted to the date of such calculation).
	

o	
 	

Elects the Easy Sale Exercise option pursuant to Section 2(d) of the Warrant, and accordingly requests delivery of a net
of                        of such securities.

Please
issue a certificate or certificates for such securities in the name of, and pay any cash for any fractional share to (please print name, address and social security number): 

	 	 	 	 	 
	Name:	 	
	 	 
	

Address:	
 	

	
 	

 
	

Signature:	
 	

	
 	

 

13

 

Note:
The above signature should correspond exactly with the name on the first page of this Warrant or with the name of the assignee appearing in the assignment form below. 

        If
said number of shares shall not be all the shares purchasable under the within Warrant, a new Warrant is to be issued in the name of said undersigned for the balance remaining of the
shares purchasable thereunder rounded up to the next higher whole number of shares. 

14

 

EXHIBIT B 

 
 

NOTICE OF TRANSFER
  (To be signed only upon transfer of Warrant)    

        FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto                                         
                                   the right represented by the attached
Warrant to purchase              * shares of Common
Stock of East West Bancorp Inc., to which the attached Warrant relates, and appoints                        Attorney to
transfer such right on the books of East West Bancorp Inc., with full
power of substitution in the premises. 

	 	 	 
	Dated:	 	 
	

 	
 	

 (Signature must conform in all respects to name of Holder as specified on the face of the Warrant)
	

 	
 	

 (Address)
	

Signed in the presence of:	
 	

 
	

	
 	

 

*Insert
here the number of shares without making any adjustment for additional shares of Common Stock or any other stock or other securities or property or cash which, pursuant to the adjustment
provisions of the Warrant, may be deliverable upon exercise. 

15

QuickLinks

COMMON STOCK PURCHASE WARRANT

EAST WEST BANCORP INC. WARRANT TO PURCHASE THREE HUNDRED THOUSAND (300,000) SHARES OF COMMON STOCK

NOTICE OF EXERCISE (To be executed upon exercise of Warrant)

NOTICE OF TRANSFER (To be signed only upon transfer of Warrant)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00035-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00035-of-00352.parquet"}]]