Document:

EXB 10.02 - Amendment to WMT Agreement

Exhibit 10.2

* Certain confidential information contained in this document, marked by asterisks, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 
Amendment To Wal-Mart MoneyCard Program Agreement dated as of May 27, 2010,  by and among Green Dot Corporation and Wal-Mart Stores, Inc., Wal-Mart Stores Texas L.P., Wal-Mart Louisiana, LLC, Wal-Mart Stores Arkansas, LLC and Wal-Mart Stores East, L.P., and GE Capital Retail Bank.

This Amendment (this “Amendment”) to that certain Walmart MoneyCard Program Agreement, dated as of May 27, 2010 (the “Agreement”), is made as of this 31st day of August, 2012 (“Amendment Effective Date”), by and among (1) Wal-Mart Stores, Inc., Wal-Mart Stores Texas L.P., Wal-Mart Louisiana, LLC, Wal-Mart Stores Arkansas, LLC, and Wal-Mart Stores East, L.P., (each of the foregoing, individually and collectively, “Retailer”), (2) GE Capital Retail Bank (f/k/a/ GE Money Bank) (“Bank”), and (3) Green Dot Corporation (“Green Dot”).
WHEREAS, Retailer, Bank and Green Dot wish to amend the Agreement in order to provide for the point of sale “swipe” reload of certain additional prepaid cards via Green Dot's third party reload network in Retailer's stores, and provide for Retailer's compensation with respect to such transactions, all in the manner set forth herein.
NOW, THEREFORE, in consideration of the following terms and conditions, and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Retailer, Bank and Green Dot hereby agree to amend the Agreement as follows:
1.    Defined Terms.  Capitalized Terms used and not otherwise defined herein shall have the meanings set forth in the Agreement.
2.    Point-of-Sale Loads to Third Party Cards.
(a)    Appendix I, “Certain Defined Terms,” of the Agreement is amended by the addition of the following defined term:
“Third Party Cards” means any prepaid or stored value card that (i) is not issued by Bank, (ii) is not a Green Dot Network Card, (iii) may be reloaded through the GD Network, and (iv) is identified under the “Third Party Cards Loaded Through POS Loads in Participating Stores” section of Schedule 4.13, as such Schedule may be from time to time amended.
(b)    Section 4.13 of Article IV, “The GD Network and Load Program,” of the Agreement is hereby deleted and restated in its entirety as follows:
4.13     Retailer Obligations With Respect to POS Loads.
(a)    Notwithstanding anything to the contrary in this Agreement, Retailer shall [*] use the GD Network to process POS Loads for Walmart MoneyCards, the [*] listed under the “[*] Loaded Through POS Loads in Participating Stores” section of Schedule 4.13, 

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and Third Party Cards; provided, however: (i) Retailer may terminate POS Loads with respect to [*], other than the Walmart

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MoneyCard, upon [*] written notice to Green Dot; and (ii) Retailer may terminate POS Loads with respect to Third Party Cards and may process POS Loads to Third Party Cards through third party reload networks other than the GD Network upon [*] written notice to Green Dot.
(b)    Subject to the provisions of Section 4.2(b) and this Section 4.13(b), Green Dot shall [*] as part of the GD Network for POS Loads to account holders of [*] and Third Party Cards.  Applicable avenues to [*] as a participant in the GD Network for POS Loads shall include but will not be limited to: email notifications, SMS/text notifications, cardholder websites, GD Network locator tools, card carriers for temporary and personalized cards.  Marketing by third party program managers of Third Party Cards shall be subject to the consent of the applicable third party program manager.  All materials utilized to [*] as a participant in the GD Network must be approved by [*] in writing prior to distribution to account holders of GD Network Cards and Third Party Cards.  [*] acknowledges that if [*] does not accept POS Loads on [*], Green Dot shall not be obligated to [*] as part of the GD Network.
(c)    Green Dot shall provide Retailer with written notice of any Third Party Cards that Green Dot wishes to add to the “Third Party Cards Loaded Through POS Loads in Participating Stores” section of Schedule 4.13, identifying each proposed Third Party Card by BIN.  Retailer has the sole discretion to determine which Third Party Cards it will enable for POS Loads in Participating Stores.  If Retailer agrees to enable Third Party Cards requested by Green Dot for POS Loads in Participating Stores, such Third Party Cards will be enabled pursuant to a documented process mutually agreed by Green Dot and Retailer for uploading new card BINS to Retailer's POS system.  Upon mutual agreement of the documented process and execution by the parties of a further amendment to the Agreement, such documented process will be added to the Agreement as Schedule 4.14 and named, “Process to Enable Third Party Cards at Retailer for POS Loads in Participating Stores.”
(d)    Within [*] of its receipt of an invoice therefor, Green Dot shall pay Retailer a single, one-time payment of $[*] to offset Retailer's IT development costs associated with enabling Third Party Cards to receive POS Loads in stores.

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Such one-time payment shall be made in a method mutually agreed upon by Retailer and Green Dot.
(c)    Schedule 4.4(d) of the Agreement is hereby deleted in its entirety and replaced with the new Schedule 4.4(d) attached hereto.  Schedule 4.13 of the Agreement is hereby deleted in its entirety and replaced with the new Schedule 4.13 attached hereto.
3.    Intermediary Services.  Section 4.10 of Article IV, “The GD Network and Load Program,” of the Agreement is hereby amended by adding a new subsection (e) and a new subsection (f) as follows:
“(e)    Retailer and Green Dot shall use commercially reasonable efforts to establish a direct connection between Retailer and Green Dot, as soon as reasonably practicable, so that Bank is no longer required to provide Intermediary Services.  The parties agree to work together towards a goal of establishing such direct connection no later than [*].
(f)    Green Dot agrees to protect, indemnify, and hold harmless Bank, its Affiliates, and their respective shareholders, officers, employees, directors and agents from and against any and all Indemnified Losses arising out of, connected with or resulting from, a complaint, claim or action related to any act or omission by Bank with regard to the Intermediary Services, but solely with respect to POS Loads to Third Party Cards via the GD Network; provided, however, that in no event shall Green Dot be obligated to indemnify Bank under this Section 4.10(f) against any Indemnified Losses which result from the intentional misconduct, violation of law, or negligence of Bank.  The provisions of Section 4.8(c) shall apply to Green Dot's indemnity of Bank under this Section 4.10(f) in the same manner as such provisions apply to Green Dot's indemnity of Retailer under Section 4.8(a).”
4.    Amendment Term.  This Amendment commences on the Amendment Effective Date and shall continue in full force and effect for the remaining Term of the Agreement, unless otherwise terminated in accordance with the provisions of the Agreement or superseded by a further amendment or agreement.
5.    Continuation; Inconsistency; Counterparts.  Except as expressly amended or supplemented hereby, the terms and conditions of the Agreement shall remain in full force and effect.  In the event of any inconsistency between the terms of this Amendment and the Agreement, the terms of this Amendment shall control.  This Amendment may be executed simultaneously in any number of counterparts, each of which shall be deemed an original but all of which together constitute one and the same agreement.  The Parties may execute and deliver this Amendment electronically, including by facsimile.
[Signature page follows]
    

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IN WITNESS WHEREOF, Bank, Green Dot and Retailer have caused this Agreement to be executed by their respective officers or agents thereunto duly authorized as of the date first above written.
WAL-MART STORES, INC.     WAL-MART STORES ARKANSAS, LLC
By:     /s/ Daniel Eckert        By:     /s/ Daniel Eckert    
Name:    DANIEL ECKERT        Name:    DANIEL ECKERT    
Title:    VICE PRESIDENT        Title:    VICE PRESIDENT    

WAL-MART STORES EAST, L.P.     WAL-MART STORES TEXAS L.P.
By:    /s/ Daniel Eckert        By:     /s/ Daniel Eckert    
Name:    DANIEL ECKERT        Name:    DANIEL ECKERT    
Title:    VICE PRESIDENT        Title:    VICE PRESIDENT    

WAL-MART LOUISIANA, LLC 
By:    /s/ Daniel Eckert    
Name:    DANIEL ECKERT    
Title:    VICE PRESIDENT    

GE CAPITAL RETAIL BANK     GREEN DOT CORPORATION
By:     /s/ Margaret M. Keane        By:    /s/ Steven Streit    
Name:    Margaret M. Keane            Name:    Steve Streit    
Title:    CEO, GE Capital Retail Bank    Title:    CEO

5

Schedule 4.4(d)
[*] Commissions to [*]
Green Dot shall pay [*] a commission [*] (“[*] Commission”) in the amount of [*] percent ([*]%) of the retail fee charged to consumers for each [*] at a Participating Store to a GD Network Card other than a Walmart MoneyCard, and [*] percent ([*]%) of the retail fee charged to consumers [*] at a Participating Store to a Third Party Card.

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*Confidential Treatment Requested

Schedule 4.13
[*] Loaded Through POS Loads in Participating Stores
1.    [*]
2.    [*]
3.    [*]
4.    [*]
5.    [*]
6.    [*]
Third Party Cards Loaded Through POS Loads in Participating Stores
BINs:
	
			
	BINs
	Partner
	Notes

	372741
	[*]
	 

	372742
	[*]
	 

	400564
	[*]
	 

	402018
	[*]
	 

	402713
	[*]
	 

	402747
	[*]
	 

	403447
	[*]
	 

	410489
	[*]
	 

	414002
	[*]
	 

	414557
	[*]
	 

	417888
	[*]
	 

	417889
	[*]
	 

	419409
	[*]
	 

	420592
	[*]
	 

	420706
	[*]
	 

	420728
	[*]
	 

	420775
	[*]
	 

	420790
	[*]
	 

	422797
	[*]
	 

	423332
	[*]
	 

	423643
	[*]
	 

	425031
	[*]
	 

	425032
	[*]
	 

	425063
	[*]
	 

	425064
	[*]
	 

	426752
	[*]
	 

	430223
	[*]
	 

	430731
	[*]
	 

7
*Confidential Treatment Requested

	
			
	431582
	[*]
	 

	431583
	[*]
	 

	433079
	[*]
	 

	434493
	[*]
	 

	435555
	[*]
	 

	435556
	[*]
	 

	435581
	[*]
	 

	436199
	[*]
	 

	436879
	[*]
	 

	437318
	[*]
	 

	437320
	[*]
	 

	437813
	[*]
	 

	441813
	[*]
	 

	442044
	[*]
	 

	442059
	[*]
	 

	445785
	[*]
	 

	446895
	[*]
	 

	447091
	[*]
	 

	449274
	[*]
	 

	451062
	[*]
	 

	454801
	[*]
	 

	454806
	[*]
	 

	455918
	[*]
	 

	455921
	[*]
	 

	456534
	[*]
	 

	461235
	[*]
	 

	464326
	[*]
	 

	465391
	[*]
	 

	468203
	[*]
	 

	469208
	[*]
	 

	472113
	[*]
	 

	473690
	[*]
	 

	473691
	[*]
	 

	475006
	[*]
	 

	475015
	[*]
	 

	475429
	[*]
	 

	475431
	[*]
	 

	476334
	[*]
	 

	478869
	[*]
	 

	479841
	[*]
	 

	483304
	[*]
	 

	484056
	[*]
	 

8
*Confidential Treatment Requested

	
			
	485237
	[*]
	 

	488885
	[*]
	 

	489614
	[*]
	 

	491215
	[*]
	 

	491349
	[*]
	 

	492968
	[*]
	 

	494157
	[*]
	 

	500655
	[*]
	 

	502790
	[*]
	 

	510774
	[*]
	 

	510840
	[*]
	 

	511096
	[*]
	 

	511100
	[*]
	 

	511165
	[*]
	 

	511270
	[*]
	 

	511315
	[*]
	 

	511319
	[*]
	 

	511320
	[*]
	 

	511324
	[*]
	 

	511328
	[*]
	 

	511351
	[*]
	 

	511354
	[*]
	 

	511355
	[*]
	 

	511356
	[*]
	 

	511359
	[*]
	 

	511449
	[*]
	 

	511516
	[*]
	 

	511518
	[*]
	 

	511768
	[*]
	 

	511789
	[*]
	 

	515001
	[*]
	 

	515018
	[*]
	 

	515062
	[*]
	 

	515068
	[*]
	 

	515071
	[*]
	 

	515085
	[*]
	 

	515158
	[*]
	 

	515475
	[*]
	 

	515484
	[*]
	 

	519184
	[*]
	 

	519188
	[*]
	 

	519190
	[*]
	 

9
*Confidential Treatment Requested

	
			
	519285
	[*]
	 

	519465
	[*]
	 

	519504
	[*]
	 

	519515
	[*]
	 

	519517
	[*]
	 

	521632
	[*]
	 

	522087
	[*]
	 

	526240
	[*]
	 

	526259
	[*]
	 

	526263
	[*]
	 

	526474
	[*]
	 

	527475
	[*]
	 

	528212
	[*]
	 

	528215
	[*]
	 

	528219
	[*]
	 

	528222
	[*]
	 

	529148
	[*]
	 

	529214
	[*]
	 

	529216
	[*]
	 

	530088
	[*]
	 

	530132
	[*]
	 

	530134
	[*]
	 

	530137
	[*]
	 

	530332
	[*]
	 

	530681
	[*]
	 

	530703
	[*]
	 

	530757
	[*]
	 

	530811
	[*]
	 

	531069
	[*]
	 

	531101
	[*]
	 

	531103
	[*]
	 

	531109
	[*]
	 

	531628
	[*]
	 

	534787
	[*]
	 

	534960
	[*]
	 

	536485
	[*]
	 

	538805
	[*]
	 

	539683
	[*]
	 

	539685
	[*]
	 

	539734
	[*]
	 

	539737
	[*]
	 

	539824
	[*]
	 

10
*Confidential Treatment Requested

	
			
	542425
	[*]
	 

	543284
	[*]
	 

	543562
	[*]
	 

	543571
	[*]
	 

	543783
	[*]
	 

	544216
	[*]
	 

	544351
	[*]
	 

	544352
	[*]
	 

	544421
	[*]
	 

	544422
	[*]
	 

	544834
	[*]
	 

	544835
	[*]
	 

	544842
	[*]
	 

	544856
	[*]
	 

	545487
	[*]
	 

	546772
	[*]
	 

	548917
	[*]
	 

	548922
	[*]
	 

	551359
	[*]
	 

	553705
	[*]
	 

	556965
	[*]
	 

	557919
	[*]
	 

	601185
	[*]
	 

	601193
	[*]
	 

	601198
	[*]
	 

	60119852
	[*]
	 

	603633
	[*]
	 

	627216
	[*]
	 

	627722
	[*]
	 

	628133
	[*]
	 

	639659
	[*]
	 

	403452
	[*]
	To be added [*]

	403454
	[*]
	To be added [*]

	435740
	[*]
	To be added [*]

	437302
	[*]
	To be added [*]

	437303
	[*]
	To be added [*]

	437304
	[*]
	To be added [*]

	437305
	[*]
	To be added [*]

	437306
	[*]
	To be added [*]

	437307
	[*]
	To be added [*]

	437308
	[*]
	To be added [*]

	437309
	[*]
	To be added [*]

	531348
	[*]
	To be added [*]

11
*Confidential Treatment Requested

	
			
	532318
	[*]
	To be added [*]

	533732
	[*]
	To be added [*]

	539638
	[*]
	To be added [*]

	539645
	[*]
	To be added [*]

	370266
	[*]
	To be staged with Walmart IT

	379011
	[*]
	To be staged with Walmart IT

	379019
	[*]
	To be staged with Walmart IT

	400534
	[*]
	To be staged with Walmart IT

	402713
	[*]
	To be staged with Walmart IT

	402747
	[*]
	To be staged with Walmart IT

	404051
	[*]
	To be staged with Walmart IT

	405341
	[*]
	To be staged with Walmart IT

	405731
	[*]
	To be staged with Walmart IT

	409243
	[*]
	To be staged with Walmart IT

	414400
	[*]
	To be staged with Walmart IT

	414401
	[*]
	To be staged with Walmart IT

	415433
	[*]
	To be staged with Walmart IT

	418307
	[*]
	To be staged with Walmart IT

	418610
	[*]
	To be staged with Walmart IT

	423980
	[*]
	To be staged with Walmart IT

	425445
	[*]
	To be staged with Walmart IT

	425495
	[*]
	To be staged with Walmart IT

	425522
	[*]
	To be staged with Walmart IT

	426663
	[*]
	To be staged with Walmart IT

	431732
	[*]
	To be staged with Walmart IT

	440363
	[*]
	To be staged with Walmart IT

	440363
	[*]
	To be staged with Walmart IT

	441274
	[*]
	To be staged with Walmart IT

	441815
	[*]
	To be staged with Walmart IT

	442722
	[*]
	To be staged with Walmart IT

	453911
	[*]
	To be staged with Walmart IT

	461007
	[*]
	To be staged with Walmart IT

	473618
	[*]
	To be staged with Walmart IT

	475675
	[*]
	To be staged with Walmart IT

	480128
	[*]
	To be staged with Walmart IT

	480975
	[*]
	To be staged with Walmart IT

	481170
	[*]
	To be staged with Walmart IT

	485244
	[*]
	To be staged with Walmart IT

	485245
	[*]
	To be staged with Walmart IT

	485246
	[*]
	To be staged with Walmart IT

	485247
	[*]
	To be staged with Walmart IT

	485279
	[*]
	To be staged with Walmart IT

	485280
	[*]
	To be staged with Walmart IT

	486955
	[*]
	To be staged with Walmart IT

12
*Confidential Treatment Requested

	
			
	487081
	[*]
	To be staged with Walmart IT

	488881
	[*]
	To be staged with Walmart IT

	489212
	[*]
	To be staged with Walmart IT

	498403
	[*]
	To be staged with Walmart IT

	498404
	[*]
	To be staged with Walmart IT

	510027
	[*]
	To be staged with Walmart IT

	510065
	[*]
	To be staged with Walmart IT

	511122
	[*]
	To be staged with Walmart IT

	511167
	[*]
	To be staged with Walmart IT

	511168
	[*]
	To be staged with Walmart IT

	511240
	[*]
	To be staged with Walmart IT

	511241
	[*]
	To be staged with Walmart IT

	511514
	[*]
	To be staged with Walmart IT

	514503
	[*]
	To be staged with Walmart IT

	517760
	[*]
	To be staged with Walmart IT

	517800
	[*]
	To be staged with Walmart IT

	518213
	[*]
	To be staged with Walmart IT

	519172
	[*]
	To be staged with Walmart IT

	519284
	[*]
	To be staged with Walmart IT

	519516
	[*]
	To be staged with Walmart IT

	520548
	[*]
	To be staged with Walmart IT

	521044
	[*]
	To be staged with Walmart IT

	524901
	[*]
	To be staged with Walmart IT

	526449
	[*]
	To be staged with Walmart IT

	533240
	[*]
	To be staged with Walmart IT

	539678
	[*]
	To be staged with Walmart IT

	539679
	[*]
	To be staged with Walmart IT

	539736
	[*]
	To be staged with Walmart IT

	541343
	[*]
	To be staged with Walmart IT

	543360
	[*]
	To be staged with Walmart IT

	543362
	[*]
	To be staged with Walmart IT

	543668
	[*]
	To be staged with Walmart IT

	556972
	[*]
	To be staged with Walmart IT

	578100
	[*]
	To be staged with Walmart IT

	636813
	[*]
	To be staged with Walmart IT

	460697
	[*]
	To be staged with Walmart IT

	460698
	[*]
	To be staged with Walmart IT

	460699
	[*]
	To be staged with Walmart IT

	464732
	[*]
	To be staged with Walmart IT

	464733
	[*]
	To be staged with Walmart IT

	519514
	[*]
	To be staged with Walmart IT

	530048
	[*]
	To be staged with Walmart IT

	530135
	[*]
	To be staged with Walmart IT

	539635
	[*]
	To be staged with Walmart IT

13
*Confidential Treatment Requested

	
			
	543032
	[*]
	To be staged with Walmart IT

	403573
	 
	To be staged with Walmart IT

	411398
	 
	To be staged with Walmart IT

14
*Confidential Treatment Requested

Schedule 4.14
Process to Enable Third Party Cards at Retailer for POS Loads in Participating Stores
Process to be provided once mutually agreed by Retailer and Green Dot

15ex-10_1.htm

First California Financial Group, Inc. 8-K

 Exhibit 10.1

 

VOTING AND SUPPORT AGREEMENT

 

This Voting and Support Agreement (this “Agreement”), dated as of November 6, 2012, is entered into by and among PacWest Bancorp, a Delaware corporation (“Parent”), First California Financial Group, Inc., a Delaware corporation (the “Company”), and each person executing this Agreement or a counterpart to this Agreement, each of whom is a holder (each, a “Stockholder”) of shares of Series A Convertible Perpetual Preferred Stock, par value $0.01 per share, of the Company (the “Series A Preferred Stock”) and shares of common stock, par value $0.01 per share, of the Company (“Company Common Stock”).

 

RECITALS

 

A.           Pursuant to the terms of the Agreement and Plan of Merger (as the same may be amended or supplemented, the “Merger Agreement”), dated as of the date hereof, between Parent and the Company, the Company will be merged with and into Parent (the “Merger”) with Parent continuing as the surviving corporation of the Merger.

 

B.           As an inducement and a condition to each of Parent and the Company entering into the Merger Agreement, each of Parent and the Company has required that each Stockholder, in his capacity as a holder of shares of Series A Preferred Stock and Company Common Stock, enter into this Agreement.

 

 

AGREEMENT

 

In consideration of Parent’s and the Company’s performance under the Merger Agreement, each Stockholder agrees as follows:

 

 

	
1.  

	
Definitions.  Capitalized terms not defined in this Agreement have the meaning assigned to those terms in the Merger Agreement.

 

	
2.  

	
Effectiveness.  If the Merger Agreement is terminated for any reason in accordance with its terms, this Agreement shall automatically terminate and be null and void and of no effect.

 

	
3.  

	
Voting Agreement. From the date hereof until the earlier of (i) the Effective Time and (ii) the termination of the Merger Agreement in accordance with its terms (the “Support Period”), Stockholder agrees that at any stockholder meeting of the Company to adopt the Merger Agreement or any adjournment or postponement thereof, the Stockholder shall be present (in person or by proxy) and shall vote (or cause to be voted) the voting shares of capital stock of the Company owned by such Stockholder as of the date hereof along with all such shares that the Stockholder may acquire from time to time after the date hereof (including as a result of any conversion of shares of Series A Preferred Stock), in each case that are entitled to vote at such meeting (such voting shares together with the shares of Series A Preferred Stock owned by such Stockholder as of the date hereof along with any such shares of Series A Preferred Stock that the Stockholder may acquire from time to time after the date hereof, “Owned Shares”): (a) in favor of (1) approval and adoption of the Merger Agreement and (2) approval of any proposal to adjourn or postpone such meeting to a later date if there are not sufficient votes to adopt the Merger Agreement; and (b) against (1) any action or agreement that would impair the ability of Parent to complete the Merger, the ability of the Company to complete the Merger, or that would otherwise be inconsistent with, prevent, impede or delay the consummation of the transactions contemplated by the Merger Agreement and (2) other than the transactions contemplated by the Merger Agreement, any proposal that relates to an Acquisition Proposal or Alternative Transaction. Stockholder represents and warrants and covenants and agrees that, except for this Agreement, such Stockholder (x) has not entered into, and shall not enter into during the Support Period, any voting agreement or voting trust with respect to the Owned Shares and (y) has not granted, and shall not grant during the Support Period, a proxy, consent or power of attorney with respect to the Owned Shares except any proxy to carry out the intent of this Agreement.  Stockholder hereby acknowledges that Stockholder is, in such Stockholder’s capacity as a stockholder of the Company, bound by the restrictions set forth in Section 6.7 of the Merger Agreement and agrees consistent therewith not to solicit or facilitate any Acquisition Proposal or Alternative Transaction.

 

  

  

  

	
4.  

	
Transfer Restrictions Prior to Merger. The Stockholder will not, during the Support Period, sell, transfer, assign, tender in any tender or exchange offer, pledge, encumber, hypothecate or similarly dispose of (by merger, by testamentary disposition, by operation of law or otherwise), either voluntarily or involuntarily, enter into any swap or other arrangements that transfers to another, in whole or in part, any of the economic consequences of ownership of, enter into any contract, option or other arrangement or understanding with respect to the sale, transfer, assignment, pledge, lien, hypothecation or other disposition of (by merger, by testamentary disposition, by operation of law or otherwise) or otherwise convey or dispose of, any of the Owned Shares, or any interest therein, including the right to vote any Owned Shares, as applicable (a “Transfer”); provided that Stockholder may Transfer Owned Shares for estate planning or philanthropic purposes so long as the transferee, prior to the date of Transfer, agrees in a signed writing to be bound by and comply with the provisions of this Agreement and this provision shall not limit the ability of Stockholder to convert any such Owned Shares into shares of Company Common Stock pursuant to the terms of such Owned Shares.

 

	
5.  

	
Conversion.  Stockholder agrees to take such actions as are necessary to have converted all of its Owned Shares that are Series A Preferred Stock into shares of Company Common Stock prior to the date that is 10 business days prior to the Closing.

 

	
6.  

	
Cooperation. From time to time, at the reasonable request of Parent or the Company and without further consideration, Stockholder shall cooperate with Parent and the Company, at the Company’s expense, to make all filings and obtain all consents of Governmental Entities and third parties and execute and deliver such additional documents and take all such further actions as may be necessary or desirable to effect the actions contemplated by this Agreement. Without limiting the foregoing, Stockholder hereby (a) authorizes Parent and the Company to publish and disclose in any public announcement, disclosure required by the SEC or by applicable Law or the Proxy Statement (and, if applicable, the Form S-4), Stockholder’s identity and ownership of the Owned Shares, the nature of Stockholder’s obligations under this Agreement and any other information that Parent or the Company reasonably determines is required to be disclosed in connection with the Merger and the transactions contemplated by the Merger Agreement; (b) agrees to promptly give to Parent and the Company any information Parent or the Company may reasonably require for the preparation of any such disclosure documents; and (c) agrees to promptly notify Parent and the Company of any required corrections with respect to any information supplied by Stockholder, if and to the extent that such information shall have become false or misleading in any material respect.

 

 

  

  

  

	
7.  

	
Representations and Warranties.  Each Stockholder represents and warrants to Parent that: this Agreement has been duly and validly executed and delivered by such Stockholder and constitutes a valid and legally binding agreement of such Stockholder, enforceable against such Stockholder in accordance with its terms and no other action is necessary to authorize the execution and delivery by such Stockholder or the performance of its obligations hereunder; if such Stockholder is married and any of the Owned Shares constitute community property or spousal approval is otherwise necessary for this Agreement to be legal, binding and enforceable, this Agreement has been duly and validly executed and delivered by, and constitutes a valid and legally binding agreement, of Stockholder’s spouse, enforceable in accordance with its terms; the Owned Shares as of the date hereof are equal to the number of shares set forth adjacent to such Stockholder’s name on Exhibit A hereto; and the Stockholder has, and at all times during the term of this Agreement shall have, beneficial ownership of, good and valid title to and full and exclusive power to vote, without restriction or limitation, the Owned Shares (other than any such shares that are transferred in the manner permitted by this Agreement).

 

	
8.  

	
Entire Agreement; Assignment. This Agreement is irrevocable. The recitals are incorporated as a part of this Agreement. This Agreement constitutes the entire agreement among the parties with respect to the subject matter hereof and supersedes all other prior agreements and understandings, both written and oral, among the parties with respect to the subject matter hereof. Nothing in this Agreement, express or implied, is intended to or shall confer upon any other person any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement. This Agreement shall not be assigned by operation of law or otherwise and shall be binding upon and inure solely to the benefit of each party hereto; provided however that the rights under this Agreement are assignable by Parent or the Company to any successor-in-interest.

 

	
9.  

	
Remedies/Specific Enforcement. Each of the parties hereto agrees that this Agreement is intended to be legally binding and specifically enforceable pursuant to its terms and that each of Parent and the Company would be irreparably harmed if any of the provisions of this Agreement are not performed in accordance with their specific terms and that monetary damages would not provide adequate remedy in such event. Accordingly, in the event of any breach or threatened breach by Stockholder of any covenant or obligation contained in this Agreement, in addition to any other remedy to which Parent or the Company may be entitled (including monetary damages), each of Parent and the Company shall be entitled to injunctive relief to prevent breaches of this Agreement and to specifically enforce the terms and provisions hereof. Stockholder further agrees that none of Parent, the Company or any other person or entity shall be required to obtain, furnish or post any bond or similar instrument in connection with or as a condition to obtaining any remedy referred to in this paragraph, and Stockholder irrevocably waives any right it may have to require the obtaining, furnishing or posting of any such bond or similar instrument.

 

  

  

  

	
10.  

	
Governing Law and Enforceability. This Agreement is governed by, and shall be interpreted in accordance with, the laws of the State of Delaware, without regard to any applicable conflict of law principles. If any court determines that the restrictions set forth in this Agreement are unenforceable, then the parties request such court to reform these provisions to the maximum restrictions, term, scope or geographical area that such court finds enforceable. Venue of any legal action or proceeding between the parties related to this Agreement shall be in any federal or state court located in the State of Delaware, and the parties each consent to the personal jurisdiction of the courts of the State of Delaware and the federal courts located in the State of Delaware. Each Stockholder agrees not to claim that the State of Delaware is an inconvenient place for trial.

 

	
11.  

	
Individual Obligations. The obligations of each of the Stockholders under this Agreement are several and not joint. This Agreement is binding on each Stockholder that executes this Agreement regardless of whether any other Stockholder(s) also executed this Agreement.

 

	
12.  

	
Amendments; Waivers. Any provision of this Agreement may be amended or waived if, and only if, such amendment or waiver is in writing and signed (i) in the case of an amendment, by Parent, the Company and the Stockholder, and (ii) in the case of a waiver, by the party against whom the waiver is to be effective. No failure or delay by any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege.

 

	
13.  

	
Counterparts. The parties may execute this Agreement in one or more counterparts, including by facsimile or other electronic signature. All the counterparts will be construed together and will constitute one Agreement.

[signature pages follow]

 

  

  

  

SIGNED as of the date first set forth above:

	
PACWEST BANCORP

	 	
FIRST CALIFORNIA FINANCIAL GROUP,  INC.

	  	 	  
	
By       /s/ JARED M. WOLFF                                                   

	 	
By       /s/ C.G. KUM                                                             

	
Name: Jared M. Wolff

	 	
Name: C.G. Kum

	
    Title:  Executive Vice President & General Counsel

	 	
    Title:   President and Chief Executive Officer

Additional Signatures on Next Page

 

[Signature Page to Voting and Support Agreement]

  

  

  

STOCKHOLDERS:

/s/ James O. Pohlad_____________________

James O. Pohlad

/s/ Robert C. Pohlad_____________________

Robert C. Pohlad

/s/ William M. Pohlad_____________________

William M. Pohlad

[Signature Page to Voting and Support Agreement]

  

  

  

Exhibit A

	
Stockholder

	
Owned Shares

 

	
James O. Pohlad

	
1,066,107 shares of Company Common Stock

334 shares of Series A Preferred Stock

 

	
Robert C. Pohlad

	
1,066,107 shares of Company Common Stock

333 shares of Series A Preferred Stock

 

	
William M. Pohlad

	
1,066,107 shares of Company Common Stock

333 shares of Series A Preferred Stock

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