Document:

exv10w17

 

Exhibit 10.17

SEPARATION AND RELEASE AGREEMENT

     This SEPARATION AND RELEASE AGREEMENT (the “Agreement”) is entered into as of the
28th day of January, 2008, by and between H&R Block Management, LLC, a Delaware
limited liability company (“HRB”) and Marc West (“Executive”).

     WHEREAS, Executive and HRB are parties to an Employment Agreement dated September 15,
2004 (the “Employment Agreement”),

     WHEREAS, Executive and HRB agree to terminate Executive’s employment with HRB,

     WHEREAS, Executive and HRB intend the terms and conditions of this Agreement to govern
all issues related to Executive’s employment and separation from HRB,

     NOW, THEREFORE, in consideration of the covenants and mutual promises contained in this
Agreement, Executive and HRB agree as follows:

     1. Termination of Employment. The parties agree that Executive’s employment
with HRB will terminate on May 1, 2008 (“Termination Date”). Until the Termination Date, the
Executive will remain on active payroll and be paid his current salary in accordance with
HRB’s regular payroll practices. Until the Termination Date, Executive agrees that he will
make himself available for consultation on an as-needed basis as determined by HRB’s Interim
Chief Executive Officer with respect to matters within the scope of his employment, and will
respond to questions and provide guidance as requested by HRB from time to time with respect
to such matters. On or after the Termination Date, Executive acknowledges and agrees that he
will not represent himself as being an employee, officer, director, trustee, member,
partner, agent, or representative of HRB for any purpose, and will not make any public
statements on behalf of HRB.

     2. Resignation. Executive agrees that as of the Termination Date, he resigns
from all offices, directorships, trusteeships, committee memberships, and fiduciary
capacities held with, or on behalf of, HRB or its subsidiaries or affiliates (collectively
as “Affiliates”), or any benefit plans of HRB or its Affiliates. Executive will execute the
resignations attached as Exhibit A on minute book paper contemporaneously with his execution
of this Agreement.

     3. Severance Benefits. The parties agree to treat the Executive’s termination
of employment as a termination without “cause” and a “Qualifying Termination” (as defined in
Section 1.07 of the Employment Agreement) for purposes of Executive’s eligibility for
severance compensation and benefits as set forth in this Section. Subject to the terms and
conditions of this Agreement, including Executive’s executing this Agreement and the
Supplemental General Release, the Executive acknowledges and agrees that he will not be
eligible for any compensation or benefits after the Termination Date except for the
following:

     a. Severance Pay. Subject to the terms of the H&R Block Severance Plan
(“Severance Plan”), HRB will pay to Executive $640,000.00 (which amount represents an
aggregate of Executive’s (A) annual base salary of $400,000.00 and (B) target
short-term incentive compensation for HRB’s fiscal year 2008 of $240,000.00, each
determined as of the date of this Agreement) over a 12-month period effective as of
the

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Termination Date in semi-monthly equal installments (less required tax withholdings and elected
benefit withholdings).

     b. Short Term Incentive Bonus Payment. HRB will pay Executive a Short Term
Incentive bonus for Fiscal Year 2008 at 100% of his target in accordance with the
Company’s regular short term incentive process, and the terms and conditions of the short
term incentive plan in which Executive currently participates. The Company will pay
Executive the Short Term Incentive bonus due him at the time the Company pays other
such bonuses.

     c. Employee Benefits. Executive will remain eligible to participate in the various
health and welfare benefit plans maintained by HRB in accordance with the terms of the
Severance Plan. After his severance benefits cease, Executive may be eligible to
continue coverage of group health plan benefits under COBRA. Conversion privileges
may also be available for other benefit plans.

     d. Stock Options. Those portions of any outstanding incentive stock options
(“ISO Stock Options”) and nonqualified stock options (“NQ Stock Options”) to purchase shares of HRB’s common stock granted to Executive by HRB that are scheduled to vest
between the Termination Date and 18 months thereafter (based solely on the time-specific vesting schedule included in the applicable stock option agreement) shall vest
and become exercisable as of the Termination Date. A list of the stock options vested as
of the date of this Agreement and to become vested pursuant to this Section is attached as
Exhibit B. Any stock options unaffected by the operation of this Section shall be
forfeited to HRB on the Termination Date. No later than the Termination Date, Executive
will complete an election form on which he will elect the time period during which he
may exercise his ISO and NQ Stock Options. Executive acknowledges and agrees that he
is solely responsible for the income tax treatment of his ISO and NQ Stock Options
election, and that HRB has not provided him any personal tax advice about this election.
HRB encourages Executive to seek independent tax advice regarding this election.

     e. Restricted Shares. All restrictions on any shares of HRB’s common stock
awarded to Executive by HRB (“Restricted Shares”) that would have lapsed absent a
termination of employment in accordance with their terms by reason of time between the
Termination Date and 18 months thereafter shall terminate (and shall be fully vested) as
of the Termination Date. Any shares unaffected by the operation of this Section shall be
forfeited to HRB on the Termination Date. A list of the Restricted Shares outstanding as
of the date of this Agreement and to become vested pursuant to this Section is attached as
Exhibit C.

     f. Performance Shares. The number of performance shares Executive will
receive at the end of the performance period (June 30, 2009) of those awarded him under
the June 30, 2006 grant will be determined based upon (1) Executive’s pro-rata length of
service during the performance period, and (2) the achievement of the performance goals
at the end of the performance period. HRB will pay any performance shares due
Executive to him at the time payments are generally made to other individuals who
received an award of performance shares on June 30, 2006. On the Termination Date,
Executive shall forfeit to HRB any Performance Shares HRB awarded him pursuant to a

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cycle which is less than one year old. A list of the Performance Shares eligible to
become payable pursuant to this subsection is attached as Exhibit D.

     g. Outplacement Services. HRB will pay directly to Right Management Services
for twelve (12) months of outplacement services to be provided to Executive.

     h. Deferred Compensation. Executive will receive his vested account balance
and payment in accordance with Executive’s payment elections under the H&R Block Deferred
Compensation Plan for Executives, as amended.

     h. Forfeiture. Executive agrees that the compensation and benefits described
in this Section will cease and no further compensation and benefits will be provided to him
if he violates any of the post-employment obligations under Section 5 of this Agreement, or
Articles Two and Three of the Employment Agreement.

     4. Vacation. HRB will pay Executive for his accrued, unused paid time off which
includes vacation, floating holidays, and personal days (but excludes sick leave as set forth in
the Company’s policies) within 21 days of the Termination Date. Executive will not receive any
other payment for vacation or holidays.

     5. Executive’s Representations. Executive represents and acknowledges to HRB that (a)
HRB has advised him to consult with an attorney of his choosing; (b) he has had twenty-one (21)
days to consider the waiver of his rights under the Age Discrimination in Employment Act of 1967,
as amended (“ADEA”) prior to signing this Agreement; (c) he has disclosed to HRB any information
in his possession concerning any conduct involving HRB or its Affiliates that he has any reason to
believe involves any false claims to any governmental agency, or is or may be unlawful, or
violates HRB policy in any respect; (d) the consideration provided him under this Agreement is
sufficient to support the releases provided by him under this Agreement; and (e) he has not filed
any charges, claims or lawsuits against HRB involving any aspect of his employment which have not
been terminated as of the date of this Agreement. Executive understands that HRB regards the
representations made by him as material and that HRB is relying on these representations in
entering into this Agreement.

     6. Effective Date of this Agreement. Executive shall have seven (7) days from the
date he signs this Agreement to revoke his consent to the waiver of his rights under the ADEA in
writing addressed and delivered to Alan Bennett, Interim Chief Executive Officer, which action
shall revoke this Agreement. If Executive revokes this Agreement, all of its provisions shall be
void and unenforceable. If Executive does not revoke his consent, this Agreement will take effect
on the day after the end of this revocation period (the “Effective Date”).

     7. Surviving Employment Agreement Obligations. Executive and HRB agree that the
termination of Executive’s employment will not affect the following provisions of the Employment
Agreement which, by their express terms, impose continuing obligations on one or more of the
parties following termination of the Employment Agreement: (a) Article Two, “Confidentiality” —
Sections 2.01, 2.02; (b) Article Three, “Non-Hiring; Non-Solicitation; No Conflicts;
Non-Competition” — Sections 3.01, 3.02, 3.03, 3.05, 3.06; and (c) Article Four, “Miscellaneous” —
Section 4.03. Under Section 3.05 of the Employment Agreement, the parties agree to revise “Line of
Business” for purposes of Executive’s non-compete restriction to include

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any business that is competitive with the primary business activities of HRB’s Tax Services segment
as of the date hereof (which are tax preparation, accounting, and small business services).
Executive acknowledges and agrees that he will fully comply with these obligations. HRB may agree
to waive any of Executive’s surviving post-employment obligations under the Employment Agreement.
Any such waiver must be in writing and signed by Executive and the Chief Executive Officer of HRB.
Unless otherwise agreed by the parties in writing, any payments made to Executive under this
Agreement will immediately cease upon any such waiver.

     8. Business Expenses and Commitments. As of the Termination Date, Executive agrees
that he will have submitted required documentation for all outstanding expenses on his HRB
corporate credit card. Executive further agrees that he will not initiate, make, renew, confirm or
ratify any contracts or commitments for or on behalf of HRB or any Affiliate, nor will he incur
any expenses on behalf of HRB or any Affiliate without HRB’s prior written consent.

     9. Release. Executive and his heirs, assigns, and agents forever release, waive, and
discharge HRB and Released Parties as defined below from each and every claim, action, or right of
any sort, known or unknown, arising on or before the Effective Date.

     a. The foregoing release includes, but is not limited to, (1) any claim of retaliation
or discrimination on the basis of race, sex, pregnancy, religion, marital status,
sexual orientation, national origin, handicap or disability, age, veteran status, special
disabled veteran status, or citizenship status or any other category protected by law; (2) any
other claim based on a statutory prohibition or requirement such as the Age Discrimination in
Employment Act, Title VII of the Civil Rights Act, the Americans With Disabilities Act,
the Fair Labor Standards Act, the Employee Retirement Income Security Act of 1974, the
Missouri Human Rights Act, the Missouri Service Letter Statute, and the Civil Rights
Ordinance of Kansas City, Missouri; (3) any claim arising out of or related to an
express or implied employment contract, any other contract affecting terms and conditions of
employment, or a covenant of good faith and fair dealing; (4) any tort claims such as
wrongful discharge, detrimental reliance, defamation, emotional distress, or
compensatory or punitive damages; (5) any personal gain with respect to any claim arising under the
qui tam provisions of the False Claims Act, 31 U.S.C. 3730, and (6) any claims to attorney
fees, expenses, costs, disbursements, and the like.

     b. Executive represents that he understands the foregoing release, that rights and
claims under the Age Discrimination in Employment Act of 1967, as amended, are among
the rights and claims against HRB he is releasing, and that he understands that he is
not releasing any rights or claims arising after the Effective Date.

     c. Executive further agrees never to sue HRB or cause HRB to be sued regarding
any matter within the scope of the above release. If Executive violates this release by
suing HRB or causing HRB to be sued, Executive agrees to pay all costs and expenses of
defending against the suit incurred by HRB, including reasonable attorneys’ fees except
to the extent that paying such costs and expenses is prohibited by law or would result in
the invalidation of the foregoing release.

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     d. “Released Parties” for purposes of this Agreement are HRB, all current and former
parents, subsidiaries, related companies, partnerships or joint ventures, and, with respect
to each of them, their predecessors and successors; and, with respect to each such entity,
all of its past, present, and future employees, officers, directors, stockholders, owners,
representatives, assigns, attorneys, agents, insurers, employee benefit programs (and the
trustees, administrators, fiduciaries and insurers of such programs), and any other person
acting by, through, under or in concert with any of the persons or entities listed in this
paragraph, and their successors.

     10. Breach by Executive. HRB’s obligations to Executive after the Effective Date
are contingent on his obligations under this Agreement. Any material breach of this Agreement by
Executive will result in the immediate cancellation of HRB’s obligations under this Agreement and
of any benefits that have been granted to Executive by the terms of this Agreement except to the
extent that such cancellation is prohibited by law or would result in the invalidation of the
foregoing release.

     11. Executive Availability. Executive agrees to make himself reasonably
available to HRB to respond to requests by HRB for information pertaining to or relating to the
Company and/or its Affiliates, agents, officers, directors or employees. Executive will cooperate
fully with HRB in connection with any and all existing or future litigation or investigations
brought by or against HRB or any of its Affiliates, agents, officers, directors or employees,
whether administrative, civil or criminal in nature, in which and to the extent HRB deems
Executive’s cooperation necessary. HRB will reimburse Executive for reasonable out-of pocket
expenses incurred as a result of such cooperation. Nothing herein shall prevent the Employee from
communicating with or participating in any government investigation.

     12. Non-Disparagement. Executive agrees, subject to any obligations he may have under
applicable law, that he will not make or cause to be made any statements that disparage, are
inimical to, or damage the reputation of HRB or any of its Affiliates, agents, officers,
directors, or employees. In the event such a communication is made to anyone, including but not
limited to the media, public interest groups and publishing companies, it will be considered a
material breach of the terms of this Agreement and Executive will be required to reimburse HRB for
any and all compensation and benefits (other than those already vested) paid under the terms of
this Agreement and all commitments to make additional payments to Executive will be null and void.

     13. Return of Company Property. Executive agrees that as of the Termination Date he
will have returned to HRB any and all HRB property or equipment in his possession, including but
not limited to, any computer, printer, fax, phone, credit card, badge, Blackberry, and telephone
card assigned to him.

     14. Severability of Provisions. In the event that any provision in this Agreement is
determined to be legally invalid or unenforceable by any court of competent jurisdiction, and
cannot be modified to be enforceable, the affected provision shall be stricken from the Agreement,
and the remaining terms of the Agreement and its enforceability shall remain unaffected.

     15. Entire Agreement. This Agreement sets forth the entire agreement and
understanding between the parties and may be changed only with the written consent of both

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parties and only if both parties make express reference to this Agreement. The parties have not
relied on any oral statements that are not included in this Agreement. This Agreement supersedes
all prior agreements and understandings concerning the subject matter of this Agreement. Any
modifications to this Agreement must be in writing and signed by Executive and the Chief Executive
Officer of HRB. Failure of HRB to insist upon strict compliance with any of the terms, covenants,
or conditions of this Agreement will not be deemed a waiver of such terms, covenants, or
conditions.

     16. Applicable Law. This Agreement shall be construed, interpreted, and applied in
accordance with the law of the State of Missouri.

     17. Successors and Assigns. This Agreement and each of its provisions will be binding
upon Executive and his executors, successors, and administrators, and will inure to the benefit of
HRB and its successors and assigns. Executive may not assign or transfer to others the obligation
to perform his duties hereunder.

     18. Specific Performance by Executive. The parties acknowledge that money damages
alone will not adequately compensate HRB for Executive breach of any of the covenants and
agreements herein and, therefore, in the event of the breach or threatened breach of any such
covenant or agreement by Executive, in addition to all other remedies available at law, in equity
or otherwise, HRB will be entitled to injunctive relief compelling Executive’s specific
performance of (or other compliance with) the terms hereof.

     19. Counterparts. This Agreement may be signed in counterparts and delivered by
facsimile transmission confirmed promptly thereafter by actual delivery of executed counterparts.

     20. Supplemental Release. Executive agrees that within 21 days after the Termination
Date, he will execute an additional release covering the period from the Effective Date to the
Termination Date. Executive agrees that all HRB covenants that relate to its obligations beyond the
last day of employment will be contingent on Executive’s execution of the supplemental release. The
supplemental release will be in the form of Exhibit E to this Agreement.

	 	 	 	 	 
	EXECUTIVE

 	 	 
	/s/ Marc West
 	 	 
	Marc West 	 	 
	 	 	 
	Dated: 1/22/08 	 	 

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	Accepted and Agreed: 

H&R BLOCK, INC.

 	 	 
	By:  	/s/ Alan Bennett
 	 	 
	 	Alan Bennett 	 	 
	 	Interim Chief Executive Officer 	 	 
	 	 
	Dated:  1/28/08 	 	 	 

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EXHIBIT A

RESIGNATION

			
	TO:	 	The Board of Directors of H&R Block, Inc.:

     Effective May 1, 2008, I hereby resign my position from the following companies as follows:

	 	•	 	Group President, Burr Oak Technical Solutions, Inc., a Delaware corporation;
	 
	 	•	 	Director, H&R Block (India) Private Limited, an India corporation;
	 
	 	•	 	Group President, Commercial Markets, H&R Block Management, LLC,
a Delaware limited liability company;
	 
	 	•	 	Group President, Commercial Markets, H&R Block, Inc., a Missouri corporation;
	 
	 	•	 	President, RedGear Technologies, Inc., a Missouri corporation;
	 
	 	•	 	Group President, ServiceWorks, Inc., a Delaware corporation; and
	 
	 	•	 	Group President, TaxWorks, Inc., a Delaware corporation.

	 	 	 	 	 
	 	 	 
	Dated:   1/28/08 	/s/ Marc West
 	 
	 	Marc West 	 
	 	 	 
	 

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EXHIBIT B

STOCK OPTION SUMMARY

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Grant Date	 	Grant Price	 	Outstanding	 	Vested	 	Accelerated
	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	9/13/2004
	 	$	24.145	 	 	 	60,000	 	 	 	60,000	 	 	 	0	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	6/30/2005
	 	$	29.175	 	 	 	48,000	 	 	 	32,000	 	 	 	16,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	6/30/2006
	 	$	23.86	 	 	 	80,000	 	 	 	26,666	 	 	 	53,334	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	6/30/2007
	 	$	23.37	 	 	 	100,000	 	 	 	0	 	 	 	66,666	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	288,000	 	 	 	118,666	 	 	 	136,000	 

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EXHIBIT C

RESTRICTED SHARES SUMMARY

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Grant Date	 	Grant Price	 	Outstanding	 	Vested	 	Accelerated
	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	6/30/05
	 	$	0.00	 	 	 	1,334	 	 	 	 	 	 	 	1,334	 

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EXHIBIT D 

PERFORMANCE SHARES SUMMARY

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Grant Date	 	Grant Price	 	Outstanding	 	Vested	 	Accelerated
	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	6/30/2006
	 	$	0.00	 	 	 	9,000	 	 	 	 	 	 	 	*	 

 

			
	*	 	The number of shares actually awarded will be determined at the end of the 3-year
performance cycle (6/30/2009) based upon actual performance results.

Award will be prorated based upon the number of days worked by Executive during the three year
performance cycle.

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EXHIBIT E

SUPPLEMENTAL GENERAL RELEASE

This Supplemental General Release is delivered by Marc West (“Executive”) to and for the benefit
of the Released Parties (as defined below). The Executive acknowledges that this Supplemental
General Release is executed in accordance with Section 20 of the Separation Agreement and Release
between the parties.

     1. General Release. Executive and his heirs, assigns, and agents forever release,
waive, and discharge HRB and Released Parties as defined below from each and every claim, action,
or right of any sort, known or unknown, arising on or before the Effective Date.

     a. The foregoing release includes, but is not limited to, (1) any claim of retaliation
or discrimination on the basis of race, sex, pregnancy, religion, marital status,
sexual orientation, national origin, handicap or disability, age, veteran status, special
disabled veteran status, or citizenship status or any other category protected by law; (2) any
other claim based on a statutory prohibition or requirement such as the Age Discrimination in
Employment Act, Title VII of the Civil Rights Act, the Americans With Disabilities Act,
the Fair Labor Standards Act, the Employee Retirement Income Security Act of 1974, the
Missouri Human Rights Act, the Missouri Service Letter Statute, and the Civil Rights
Ordinance of Kansas City, Missouri; (3) any claim arising out of or related to an
express or implied employment contract, any other contract affecting terms and conditions of
employment, or a covenant of good faith and fair dealing; (4) any tort claims such as
wrongful discharge, detrimental reliance, defamation, emotional distress, or
compensatory or punitive damages; (5) any personal gain with respect to any claim arising under the
qui tam provisions of the False Claims Act, 31 U.S.C. 3730, and (6) any claims to attorney
fees, expenses, costs, disbursements, and the like.

     b. Executive represents that he understands the foregoing release, that rights and
claims under the Age Discrimination in Employment Act of 1967, as amended, are among
the rights and claims against HRB he is releasing, and that he understands that he is
not releasing any rights or claims arising after the Effective Date.

     c. Executive further agrees never to sue HRB or cause HRB to be sued regarding
any matter within the scope of the above release. If Executive violates this release by
suing HRB or causing HRB to be sued, Executive agrees to pay all costs and expenses of
defending against the suit incurred by HRB, including reasonable attorneys’ fees except
to the extent that paying such costs and expenses is prohibited by law or would result in
the invalidation of the foregoing release.

     d. “Released Parties” for purposes of this Agreement are HRB, all current and
former parents, subsidiaries, related companies, partnerships or joint ventures, and,
with respect to each of them, their predecessors and successors; and, with respect to each
such entity, all of its past, present, and future employees, officers, directors,
stockholders,

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owners, representatives, assigns, attorneys, agents, insurers, employee benefit programs
(and the trustees, administrators, fiduciaries and insurers of such programs), and any
other person acting by, through, under or in concert with any of the persons or entities
listed in this paragraph, and their successors.

     2. No Existing Suit. Executive represents and warrants that, as of the Effective Date
of this Supplemental General Release, he has not filed or commenced any suit, claim, charge,
complaint, or other legal proceeding of any kind against the Released Parties. The Executive
acknowledges that this Supplemental General Release does not prohibit him from filing a
charge of discrimination with the Equal Employment Opportunity Commission.

     3. Knowing and Voluntary Waiver. By signing this Supplemental General Release
(“Release”), Executive expressly acknowledges and agrees (a) HRB has advised him to consult
with an attorney of his choosing; (b) he has had twenty-one (21) days to consider the waiver
of his rights under the Age Discrimination in Employment Act of 1967, as amended (“ADEA”) prior to
signing this Agreement; (c) he has carefully read this Release and know what it means; (d) the
consideration provided him under this Release is sufficient to support the releases provided
by him under this Release; and (e) Executive shall have seven (7) days from the date he signs this
Release to revoke his consent to the waiver of his rights under the ADEA in writing addressed and
delivered to Alan Bennett, Interim Chief Executive Officer, which action shall revoke this Release. If
Executive revokes this Release, he agrees that he will not be entitled to receive any of the
payments or benefits under Section 2 of the Separation Agreement. If Executive does not revoke his
consent, this Agreement will take effect on the day after the end of this revocation period (the
“Effective Date”).

	 	 	 	 	 
	 	EXECUTIVE

 	 
	 	/s/ Marc West
 	 
	 	Marc West 

	 
	 	DATE: 1/29/08 	 
	 

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Exhibit 4.1

AMENDMENT NO. 1 TO RIGHTS AGREEMENT

     This AMENDMENT NO. 1 TO RIGHTS AGREEMENT, dated as of March 5, 2008 (this “Amendment”), is
entered into by and between UCBH Holdings, Inc., a Delaware corporation (the “Company”), and Mellon
Investor Services LLC, a New Jersey limited liability company (the “Rights Agent”). Capitalized
terms used but not otherwise defined herein have the respective meanings set forth in the Rights
Agreement dated as of January 28, 2003 between the Company and the Rights Agent.

     WHEREAS, on January 28, 2003, the Board of Directors of the Company authorized and declared a
dividend distribution to be made as of February 14, 2003 (the “Rights Dividend Declaration Date”)
of one Right for each share of common stock, par value $0.01 per share, of the Company (the “Common
Stock”) outstanding at the close of business on January 31, 2003 (the “Record Date”), and
authorized the issuance of one Right (as such number may be adjusted pursuant to the provisions of
Section 11(p) of the Rights Agreement) for each share of Common Stock of the Company issued between
the Record Date (whether originally issued or delivered from the Company’s treasury) and the
Distribution Date;

     WHEREAS, in connection therewith, the Company and the Rights Agent entered into the Rights
Agreement, setting forth the terms and conditions pursuant to which each Right may be exercised for
the purchase of one one-thousandth of a share of Series A Participating Preferred Stock of the
Company having the rights, powers and preferences set forth in the form of Certificate of
Designation, Preferences and Rights attached as Exhibit A to the Rights Agreement, upon the terms
and subject to the conditions set forth in the Rights Agreement (the “Rights”);

     WHEREAS, the Company and China Minsheng Banking Corp., Ltd., a Chinese joint stock commercial
bank (“Minsheng”), entered into an Investment Agreement and an Investor’s Rights and Standstill
Agreement, each dated as of October 7, 2007 (the “Investment Agreement” and the “Investor’s Rights
Agreement,” respectively), pursuant to which Minsheng will acquire an aggregate of 9.9% of the
outstanding shares of Common Stock of the Company, with a mutual option by Minsheng and the Company
to increase Minsheng’s ownership to an aggregate of 20.0%, and will have certain anti-dilution
rights;

     WHEREAS, under the Rights Agreement, any Person who or which, together with all Affiliates and
Associates of such Person, becomes the Beneficial Owners of 15% or more of the outstanding shares
of Common Stock shall be deemed an “Acquiring Person” as defined therein;

     WHEREAS, pursuant to Section 27 of the Rights Agreement, the Company and the Rights Agent
shall, if the Company so directs, supplement or amend any provision of this Agreement prior to the
Distribution Date without the approval of any holders of certificates representing shares of Common
Stock;

     WHEREAS, the Company’s Board of Directors has directed that the Rights Agreement be amended so
that Minsheng shall not be deemed “Acquiring Person” under the Agreement as a result of Minsheng’s
purchases of Common Stock and exercises of anti-dilution and other rights
pursuant to and in accordance with the Investment Agreement and the Investor’s Rights
Agreement.

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     NOW, THEREFORE, in consideration of the mutual covenants, representations, warranties and
agreements contained herein, and intending to be legally bound hereby, the parties agree as
follows:

     Section 1. Amendments. Section 1(a) of the Rights Agreement hereby is amended to read, in its
entirety, as follows:

     (a) “Acquiring Person” shall mean any Person who or which, together with all Affiliates
and Associates of such Person, shall become the Beneficial Owner of fifteen percent (15%) or
more of the shares of Common Stock then outstanding, but shall not include (i) the Company,
(ii) any Subsidiary of the Company, (iii) any employee benefit plan of the Company, or of
any Subsidiary of the Company, or any Person or entity organized, appointed or established
by the Company for or pursuant to the terms of any such plan, (iv) any Person who becomes
the Beneficial Owner of fifteen (15%) or more of the shares of Common Stock then outstanding
as a result of a reduction in the number of shares of Common Stock outstanding due to the
repurchase of shares of Common Stock by the Company unless and until such Person, after
becoming aware that such Person has become the Beneficial Owner of fifteen percent (15%) or
more of the then outstanding shares of Common Stock, acquires beneficial ownership of
additional shares of Common Stock representing more than one percent (1%) of the shares of
Common Stock then outstanding, at which time such Person shall be deemed to be an Acquiring
Person, or (v) China Minsheng Banking Corp., Ltd., a Chinese joint stock commercial bank
(“Minsheng”), or any of its Affiliates and Associates, unless and until (A) Minsheng becomes
the Beneficial Owner of fifteen percent (15%) or more of the shares of Common Stock then
outstanding and (B) the Buyer Percentage (as defined in the Investment Agreement and the
Investor’s Rights and Standstill Agreement, each dated October 7, 2007, between the Company
and Minsheng) becomes greater than the then current Permitted Buyer Percentage (as defined
in the Investor’s Rights and Standstill Agreement dated October 7, 2007 between the Company
and Minsheng (the “Investor’s Rights Agreement”)), at which time Minsheng shall be deemed to
be an Acquiring Person; provided, however, that Minsheng shall not be deemed to be an
Acquiring Person as a result of (X) Minsheng becoming the Beneficial Owner of fifteen
percent (15%) or more of the shares of Common Stock then outstanding or (Y) the Buyer
Percentage having become greater than the then current Permitted Buyer Percentage, in either
case, solely as a result of a reduction in the number of shares of Common Stock outstanding
due to the repurchase or redemption of shares of Common Stock by the Company unless and
until Minsheng, or any of its Affiliates or Associates, after becoming aware that Minsheng
has become the Beneficial Owner of fifteen percent (15%) or more of the shares of Common
Stock then outstanding and that the Buyer Percentage has become greater than the then
current Permitted Buyer Percentage, acquires beneficial ownership of any additional shares
of Common Stock, at which time Minsheng shall be deemed to be an Acquiring Person.

     Section 2. Ratification. The parties hereby ratify and confirm the terms of the Rights
Agreement, as amended by this Amendment. As amended hereby, the Rights Agreement shall remain in
full force and effect in accordance with the terms thereof.

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     Section 3. Entire Agreement. This Amendment, together with the Rights Agreement, as amended
hereby, and all exhibits and other attachments thereto, constitutes the entire agreement and
supersedes all prior agreements and understandings, both written and oral, between the parties with
respect to the subject matter hereof. Notwithstanding the foregoing, any provision of any document
or instrument referred to herein that conflicts with any provision of this Amendment shall be
superseded by the provisions hereof.

     Section 4. Severability. If any term, provision, covenant or restriction of this Amendment is
held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable,
the remainder of the terms, provisions, covenants and restrictions of this Amendment shall remain
in full force and effect and shall in no way be affected, impaired or invalidated.

     Section 5. Compliance. The Rights Agent shall not be subject to, nor be required to interpret
or comply with, nor determine if any Person has complied with, either the Investment Agreement or
the Investor’s Rights Agreement, even though reference thereto may be made in this Amendment and
the Rights Agreement.

     Section 6. Direction to Rights Agent. By its execution and delivery hereof, the Company
directs the Rights Agent to execute this Amendment.

     Section 7. Governing Law; Jurisdiction; Waiver of Jury Trial. This Amendment shall be deemed
to be a contract made under the laws of the State of Delaware and for all purposes shall be
governed by and construed in accordance with the laws of such State applicable to contracts made
and to be performed entirely within such State; provided, however, that the rights, obligations and
duties of the Rights Agent hereunder shall be governed by and construed in accordance with the laws
of the State of New York. The parties agree that all actions and proceedings arising out of this
Amendment or any of the transactions contemplated hereby, shall be brought in the United States
District Court for the Southern District of New York or in a New York Court in New York County, and
that in connection with any such action or proceeding, submit to the jurisdiction of, and venue in,
such Court. Each of the parties hereto also irrevocably waives all right to a trial by jury in any
action, proceeding or counterclaim arising out of this Amendment or the transactions contemplated
hereby.

     Section 8. Counterparts. This Amendment may be executed in any number of counterparts and
each of such counterparts shall for all purposes be deemed to be an original, and all such
counterparts shall together constitute but one and the same instrument.

     Section 9. Descriptive Headings. Descriptive headings of this Amendment are inserted for
convenience only and shall not control or affect the meaning or construction of any of the
provisions hereof.

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     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed, as of
the day and year first above written.

	 	 	 	 	 	 	 
	 	 	UCBH HOLDINGS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 	 	MELLON INVESTOR SERVICES LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Title:

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