Document:

Stock Purchase Agreement

 Exhibit 10.29 Stock Purchase Agreement 

STOCK PURCHASE AGREEMENT 
 THIS STOCK PURCHASE AGREEMENT (this “Agreement”), is entered into effective August 31, 2012 (the “Effective
Date”), by and among, Bank of Commerce Holdings, a California corporation that is a bank holding company (the “Seller”), Mario P. De Tomasi (the “Purchaser”), and Scott Simonich, an existing and continuing
shareholder of the Company (the “Existing Shareholder”). The Company is Simonich Corporation, a California corporation (dba Bank of Commerce Mortgage) hereinafter “Company”. The Company, the Seller, the Existing Shareholder, and
the Purchaser may be referred to herein as a “Party” or together referred to herein as the “Parties”. 
 WITNESSETH: 
 WHEREAS, the following are the
shareholders of record of the Company as of the Effective Date: 
  

									
	 Name of Stockholder
	  	Number of Shares Held	 	  	Percentage Interest	 
			
	 Scott Simonich
	  	 	4900	  	  	 	49	% 
	 Bank of Commerce Holdings
	  	 	5100	  	  	 	51	% 

 WHEREAS, the Seller desires to sell, and the Purchaser desires to purchase, the capital
stock held by Bank of Commerce Holdings (the “Stock”) in accordance with and subject to the terms and conditions of this Agreement; 
 WHEREAS, the Seller had originally acquired the Stock from the Existing Shareholder in a transaction entered into as of May 15, 2009 (the “Original Stock Purchase
Agreement”), 
 NOW, THEREFORE, in consideration of the premises and the mutual
representations, warranties, covenants, agreements and conditions herein contained, the parties hereto agree as follows: 

Article I 

SALE OF STOCK 
 Section 1.1 Sale of Stock. On the terms and subject to the conditions herein stated, the Seller agrees to sell, assign, transfer and deliver to the Purchaser at the Closing, and the Purchaser
agrees to purchase and accept from the Seller at the Closing, all of the Stock. 
 Section 1.2 Purchase Price. The
Seller acknowledges receipt of an initial payment of TWO HUNDRED THOUSAND DOLLARS ($200,000) to be credited towards the Purchase Price. At the Closing, in consideration for the sale, assignment, transfer and delivery of the Stock, the Purchaser will
remit to the Seller a cash payment of THREE HUNDRED TWENTY THOUSAND SEVEN HUNDRED AND TEN DOLLARS (US $320,710) (the “Cash Payment”) and will deliver a promissory note in the form attached as Exhibit A (the “Promissory Note”) in
the principal amount of FOUR MILLION SIX HUNDRED EIGHTY THOUSAND THREE HUNDRED AND NINETY 

 
DOLLARS (US $4,686,390), and a term of 5 years with payments front-loaded commencing in 2013 (approximately 35% of principal paid down in year 1; 25% in year 2; 20% in year 3, 15% in year 4, and
5% in year 5; all as set forth in the payment schedule attached to the Promissory Note) (together, the “Purchase Price”). The Promissory Note will be secured by the Stock and guaranteed by the Existing Shareholder (the
“Guarantor”). 
 Section 1.3 Arm’s Length Negotiation. The Parties agree that the Purchase Price is
the result of arm’s length negotiations between the Purchaser and the Seller. 
 Article II 

CONDITIONS TO CLOSING/CLOSING 

Section 2.1 Closing. The closing of the transactions contemplated hereby (the “Closing”) shall take place at
9:00 a.m., PST time, on the date that is the first business day following the date on which the conditions and last of the consents referred to below are satisfied or delivered, or at such earlier or later time as may be agreed to by the parties
(the “Closing Date”), by the exchange by overnight courier or facsimile of executed counterpart signature pages. 
 Section 2.2 Purchaser’s Conditions. The obligations of the Purchaser and the Company to consummate the Closing are subject to the waiver by Purchaser or Company or the fulfillment on or
prior to the Closing of each of the following conditions: 
  

	 	(a)	Warranties. Each of the representations and warranties contained in this Agreement of Seller shall be true and correct in all material respects as of the Closing
with the same effect as though all such representations and warranties had been made at the Closing. 

  

	 	(b)	Performance. The Seller shall have performed and complied with all agreements, obligations and conditions contained in this Agreement that are required to be
performed by it or with which it is required to have complied in all material respects on or before the Closing. 

  

	 	(c)	Entry into Transaction Documents. All parties other than Purchaser shall have executed the documents contemplated by this Transaction. 

The Purchaser shall confirm that the foregoing conditions shall have been satisfied or waived at or before the Closing. 

Section 2.3 Seller’s Conditions. The obligations of the Seller to consummate the Closing are subject to the waiver by
Seller or the fulfillment on or prior to the Closing of the following conditions: 
  

	 	(a)	Warranties. Each of the representations and warranties contained in this Agreement of Purchaser and the Company shall be true and correct in all material
respects as of the Closing with the same effect as though all such representations and warranties had been made at the Closing. 

	 	(b)	Performance. The Purchaser and the Company shall have performed and complied with all agreements, obligations and conditions contained in this Agreement that are
required to be performed by it or with which it is required to have complied in all material respects on or before the Closing, including without limitation the payment of the Purchase Price. 

 

	 	(c)	Entry into Transaction Documents. All Parties and the Guarantors shall have executed the documents contemplated by this Transaction. 

The Seller shall confirm that the foregoing conditions shall have been satisfied or waived at or before the Closing. 

Section 2.4 Closing Deliveries. 
  

	 	(a)	At or before the Closing, the Purchaser shall: 

 (i) pay to the Seller, by wire transfer of immediately available funds to the account designated by the Seller, the Cash Payment; 
 (ii) deliver to the Seller the Promissory Note; 
 (iii) deliver to the Seller a
copy of the Employment Agreements (as defined below) and the Covenants Not to Compete (as defined below); 
 (iv) deliver to
the Seller the guarantees and covenants of the Guarantors as requested by Seller; and 
 (v) deliver to the Seller a
counterpart of this Agreement together with such documents, instruments and writings as may be reasonably requested by the Seller at or prior to the Closing pursuant to this Agreement or otherwise in connection herewith. 

 

	 	(b)	At or before the Closing, the Seller shall deliver to the Purchaser: 

 (i) one or more certificates representing the Stock, which shall be duly endorsed in blank in proper form for transfer (or an assignment separate from certificate together with a lost certificate
indemnity, if applicable); and 
 (ii) an executed counterpart of this Agreement. 

(iii) fully executed resignations by all of the Seller related Directors from their positions as Directors of the corporation.

 Section 2.5 Post Closing Deliverables. 
 (a) Purchaser will return to Seller, for holding, pursuant to the Pledge Agreement, Stock Certificates in his name in denominations consistent with the release provisions in the Pledge Agreement, along
with appropriate stock powers, all of which Seller will hold in trust pursuant to the terms of the Pledge Agreement. 

 (b) Fully executed employment agreements per Section 6.2 

Article III 

REPRESENTATIONS OF THE SELLER 

The Seller hereby represents and warrants to the Purchaser as follows: 

Section 3.1 Ownership of Stock. The Seller has good and valid title to the Stock, free and clear of all liens, encumbrances,
charges, mortgages, pledges, security interests, restrictions and claims of every kind and character (“Encumbrances”), other than the contractual limitations set forth in the Original Stock Purchase Agreement that are being
terminated and released by this Agreement as set forth below. Assuming the Purchaser has the requisite power and authority to be the lawful owner of the Stock, upon the delivery to the Purchaser at the Closing of certificates representing the Stock,
duly endorsed by the Seller for transfer to the Purchaser, and upon the Seller’s receipt of the consideration to be received pursuant to Section 1.2, good and valid title to the Stock will pass to the Purchaser, free and clear of any and
all Encumbrances. 
 Section 3.2 Authorization, Validity and Execution of Agreement. The Seller has the requisite
corporate power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution, delivery and performance of this Agreement by the Seller, and the
consummation by it of the transactions contemplated hereby, will have been duly authorized and approved by its board of directors on or prior to the Closing Date, and no other corporate or stockholder action on the part of the Seller or its
stockholders is necessary to authorize the execution, delivery and performance of this Agreement by the Seller and the consummation of the transactions contemplated by this Agreement. This Agreement has been duly executed and delivered by the Seller
and, assuming the due execution of this Agreement by the Purchaser, is a valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except to the extent that its enforceability may be subject to
applicable bankruptcy, insolvency, reorganization, moratorium, receivership and similar laws affecting the enforcement of creditors’ rights generally and to general equitable principles. 

Section 3.3 No Conflicting Obligations. The execution and delivery of this Agreement and the performance by Seller of its
obligations hereunder and the consummation of the transactions contemplated hereby: (a) do not and will not conflict with or violate any provision of Seller’s certificate of incorporation or bylaws; (b) do not and will not result in
any violation or breach of, constitute a default under any contract, instrument, or commitment to which Seller is a party; and (c) do not and will not conflict with or violate any law, statute, ordinance, regulation, rule or decree binding upon
or applicable to Seller which would have a material adverse effect on the ability of the Seller to consummate the transactions contemplated hereby. 
 Section 3.4 Covenants of the Seller. The Seller has made its own independent determination of the value and of the Stock and the terms of sale. The Seller will never make any claim that it did
not receive a fair price for the Stock even if the Purchaser or the Company in the future sells such asset for more than the Purchase Price. 
 Section 3.5 Disclaimer of Certain Warranties. EXCEPT AS SPECIFICALLY SET FORTH IN THIS ARTICLE III, THE STOCK IS CONVEYED TO PURCHASER “AS IS” WITHOUT WARRANTY OF ANY KIND. The
Seller does not make any representation or warranty 

 
to the Purchaser, express or implied, with respect to the Stock or the Company, including any representation or warranty as to title, ownership, use, possession, merchantability, fitness for a
particular purpose, quantity, value, condition, liabilities, operation, capacity, future results or otherwise, other than as expressly provided in Article III of this Agreement. Without limiting the foregoing, the Seller does not make any
representation or warranty to the Purchaser, express or implied, with respect to (a) any information provided to the Purchaser prior to the date of this Agreement in connection with the sale, or (b) any financial statements, financial
projections or forecasts relating to the Company. 
 Article IV 

REPRESENTATIONS OF THE COMPANY 

The Company hereby represents and warrants to the Purchaser and the Seller as set forth below. 

Section 4.1 Existence and Good Standing. The Company is a corporation duly incorporated, validly existing and in good
standing under the laws of its jurisdiction of organization. The Company is duly qualified or licensed as a foreign corporation to conduct its business in states outside its jurisdiction of organization as is currently being conducted. 

Section 4.2 Capital Stock. The authorized capital stock of the Company consists of 10,000 shares of common stock, no par
value, of which the shares issued and outstanding are set forth in the Recitals hereto. Following the Closing of the transactions contemplated by this Agreement, the Purchaser and Scott Simonich will be the record and beneficial owner of all of the
outstanding capital stock of the Company. All of the outstanding shares of capital stock of the Company have been duly authorized and validly issued and are fully paid and nonassessable and subject to no preemptive rights. 

Section 4.3 Board of Directors. The members of the Board of Directors of the Company as of the Effective Date are Scott
Simonich, Mario DeTomasi and Mark Lefanowicz. The Company has duly approved the transaction contemplated by this Agreement. 

Article V 

REPRESENTATIONS OF THE PURCHASER 

The Purchaser hereby represents and warrants to the Seller as set forth below. 
 Section 5.1 Authorization, Validity and Execution of Agreement. The Purchaser has the requisite power and authority to execute and deliver this Agreement, to perform its obligations hereunder
and to consummate the transactions contemplated hereby. This Agreement has been duly executed and delivered by the Purchaser and, assuming the due execution of this Agreement by the Seller, will constitute a valid and binding obligation of the
Purchaser enforceable against the Purchaser in accordance with its terms, except to the extent that enforceability may be subject to applicable bankruptcy, insolvency, reorganization, moratorium, receivership and similar laws affecting the
enforcement of creditors’ rights generally and to general equitable principles. 

 Section 5.2 Securities Laws Representations. 

(a) The Purchaser is acquiring the Stock in good faith solely for his own account with the present intention of holding such Stock for
purposes of investment, and the Purchaser is not acquiring the Stock with a view to or for subdivision, distribution, fractionalization or distribution thereof, in whole or in part, or as an underwriter or conduit to other beneficial owners or
subsequent purchasers. 
 (b) The Purchaser acknowledges and understands that (i) the Stock has not been registered under
the Securities Act of 1933, as amended (the “1933 Act”), or qualified under the securities or “blue sky” laws of applicable states in reliance upon exemptions from registration or qualification thereunder; (ii) the
Stock may not be sold, offered, transferred, assigned, pledged, hypothecated or otherwise disposed of or encumbered, except in compliance with the 1933 Act and such laws; (iii) the Company has no obligation, and does not currently intend, to
cause the Stock to be registered or qualified under the 1933 Act and applicable state securities or “blue sky” laws or to comply with an exemption under the 1933 Act (including any exemption pursuant to Rule 144 promulgated thereunder) and
such laws which would permit the Purchaser to sell the Stock; (iv) for an indefinite period of time, it may not be possible for the Purchaser to liquidate its investment in the Stock on an emergency or other basis; (v) it is not
anticipated that there will be a public market for the Stock; and (vi) the practical and legal consequences of the foregoing means that the Purchaser may bear the economic risk of its investment in the Stock for an extended and indefinite
period of time. The Purchaser has adequate means of providing for its current liabilities and possible contingencies and has no need for liquidity in the investment it is making in the Stock. 

(c) The Purchaser has (i) received and reviewed carefully all information regarding the Company it has requested and deemed
necessary or advisable, and (ii) to the extent it has deemed necessary or advisable, reviewed the aforementioned information and this Agreement with its investment, tax, accounting and legal advisors who are unaffiliated with and who are not
compensated by the Seller or the Company. The Purchaser and such advisors have been given a full opportunity to ask questions of and to receive answers from the Seller and the Company concerning the acquisition of the Stock and the business,
operations and financial condition of the Company and have received or been given access to such information and documents as are necessary to verify the accuracy of the information furnished to the Purchaser concerning an investment in the Stock as
the Purchaser or such advisors have requested. 
 Section 5.3 Available Funds. The Purchaser has or will have
sufficient funds to perform all of its obligations under this Agreement, including its obligation to make the payments required hereunder. 
 Section 5.4 Prior Relationship; No Knowledge of Misrepresentations or Omissions. 
 (a) Prior to the date of the Original Purchase Agreement, the business operated by the Company was solely owned by the Existing Shareholder. The Existing Shareholder and the Purchaser were each officers
of the Company and were familiar with the day-to-day operations of the Company. 

 (b) Following the acquisition by the Seller of its shares, and continuing through the
Closing Date, Scott Simonich and Purchaser were employed by the Company in management positions and are familiar with the day-to-day operations and all the liabilities of the Company. 

(c) Neither the Purchaser nor Scott Simonich has any knowledge that the representations and warranties of the Seller or the Company made
in this Agreement are not true and correct. 
 (d) Neither the Purchaser nor Scott Simonich has any knowledge of: (a) any
material liability of the Company (contingent or otherwise) that is not reflected on the Company’s balance sheets; or (b) any litigation, proceeding or controversy that has been threatened or is pending that would or may materially
adversely affect the Company or the Stock. 
 Section 5.5 No Conflicting Obligations. The execution and delivery of
this Agreement and the performance by Purchaser of its obligations hereunder and the consummation of the transactions contemplated hereby: (a) do not and will not result in any violation or breach of, constitute a default under any contract,
instrument, or commitment to which the Purchaser or the Company is a party; (b) do not and will not conflict with or violate any law, statute, ordinance, regulation, rule or decree binding upon or applicable to Purchaser or the Company; and
(c) do not and will not require any consent, waiver, authorization, or declaration of, filing or registration with any governmental department, commission, board, bureau, agency, or instrumentality on the part of Purchaser or the Company.

 Article VI 
 CERTAIN AGREEMENTS 
 Section 6.1
Confidentiality. The Purchaser and the Existing Shareholder acknowledge that (a) any and all information provided to them by the Seller or the Seller’s representatives or affiliates concerning the Seller, including matters relating to
the other businesses of the Seller and its affiliates, and (b) the terms of this Agreement and the other agreements entered into in connection herewith (including, without limitation, the amount of the Purchase Price and its components), shall
remain confidential except as may be publicly disclosed by Seller in any press release. 
 Section 6.2 Employment
Agreements. The Purchaser and the Existing Shareholder acknowledge that the Purchaser and the Existing Shareholders will enter into Employment Agreements and Covenants Not to Compete in the forms prepared by the Company and as attached as
Exhibit B. Until payment in full of the Promissory Note, the Seller shall be a third party beneficiary of such Employment Agreements and Covenants not to Compete. 
 Section 6.3 Original Stock Purchase Agreement. The Parties acknowledge that the Original Stock Purchase Agreement has been satisfied and, without limitation, the Existing Shareholder
acknowledges receipt of all earn-out payments required by the Original Stock Purchase Agreement. 
 Section 6.4
Indemnity/Prior to Original Stock Purchase Agreement. The Existing Shareholder shall indemnify the Company and the Seller (and/or its affiliates) for any losses arising from any independent contractor agreements or loan buyback agreements
existing prior to the date of the Closing of the Original Stock Purchase Agreement or those lease agreements specified in Schedule 1.4(h) of the Original Stock Purchase Agreement, and such indemnity shall be a separate remedy from any other remedy
set forth herein. 

 Section 6.5 Indemnity. With respect to any losses or damages arising from any
loan buyback agreements in connection with the business of the Company entered into after the date of the Closing of the Original Stock Purchase Agreement and prior to June 30, 2012, the Existing Shareholder and the Seller shall jointly and
severally, indemnify the Company. The Seller shall be responsible for 51% of any losses or damages arising from such loan buy back agreements. The Existing Shareholder being responsible for 49% of any losses or damages arising from such loan buyback
agreements. The Seller shall be responsible for paying its share of any indemnification obligations under this Section 6.5 concurrent with payments by Existing Shareholder of his share of such losses or damages. 

Section 6.6 Indemnity/Transactions following the Record Date. The parties hereto agree that the Record Date of this
transaction, for purposes of company transactions, financial records, income and expenses, is and will be June 30, 2012. With respect to any losses or damages arising from any loan buyback agreements in connection with the business of the
Company entered after June 30, 2012, the Existing Shareholder and the Purchaser, jointly and severally, shall indemnify the Seller and/or its affiliates for all losses or damages arising from such loan buyback agreements, and such indemnity
shall be a separate remedy from any other remedy set forth herein. 
 Section 6.7 Use of Name, Logos and Other
Marks. As soon as practical after the Effective Date (but in no event later than 120 days after the effective Date), the Existing Shareholder and the Purchaser shall cause the Company to, and the Company shall: 

(a) return to the Seller all materials and intellectual property provided or owned by the Company that contains the name “Bank of
Commerce” in part or in full; 
 (b) remove and not use in any manner or have any rights in any trademarks, logos, trade
names and marks of the Seller including without limitation any BANK OF COMMERCE MORTGAGE signage or logos, taglines or other markings on trucks, contracts, invoices, letterhead and advertisements, except for any preexisting local yellow page
advertisements, which yellow page advertisements shall be revised to remove all such excluded names, marks, logos and taglines at the earliest reasonable time such advertisements may be changed; and 

(c) change the name and any trade name of the Company to a name which does not include the words “Bank” or
“Commerce”. 
 Section 6.8 Cooperation. After the Closing, the Purchaser, the Existing Shareholder and the
Company shall promptly make available or cause to be made available to Seller, as reasonably requested, and to any taxing authority, all information, records or documents relating to tax liabilities, potential tax liabilities or otherwise reasonably
required in connection with the filing of any tax return, amended tax return or claim for refund, determining any liability for taxes or right to refund of taxes or any audit or other proceeding in respect of taxes and shall preserve all such
information, records and documents with respect to such matters until the expiration of any applicable statute of limitations or extensions thereof. To the extent such information has not been otherwise provided to the other Party, each Party shall
prepare and provide to the other Party any tax information packages reasonably requested by the other Party for use in preparing its tax returns. Each Party shall bear its own expenses in complying with the foregoing provisions. 

 Article VII 
 LIMITATION OF ACTIVITIES PENDING PAYMENT OF THE PROMISSORY NOTE

 Section 7.1 Distributions. Until payment-in-full of the Promissory Note, the Company may not pay any
distributions to its shareholders except distributions to pay tax obligations and except distributions that are used to pay the principal of the Promissory Note. Notwithstanding the above limitation, to the extent that payments on the Promissory
Note are current to Seller, Company may distribute any additional net income on which shareholders would be paying taxes to shareholders annually. 
 Section 7.2 Payments to Principals. Until payment-in-full of the Promissory Note, the Company may continue to pay shareholders/principals their normal salary and customary bonuses consistent
with the Company’s existing compensation practices. Additionally, Company may pay salaries and bonuses to immediate family members of shareholders and may pay to entities controlled by or for the benefit of shareholders amounts normally paid.
Bonuses may be paid to immediate family members or entities in accordance with the existing compensation practices and policies of Company. In the event a grace period is provided under the Promissory Note or there is a default under the Promissory
Note, no payments may be made by the Company to the Purchaser or the Existing Shareholder (or any of their immediate family members or entities they control or benefit from) other than: (i) base salary owed in accordance with the Employment
Agreement or base salary to family members; (ii) payments to pay for tax obligations resulting from ownership of the Company’s capital stock; or (iii) payments that are used to fund the obligations under the Promissory Note.

 Section 7.3 Share Transactions. Until payment-in-full of the Promissory Note, the Company shall not:
(a) issue any capital stock or rights to acquire capital stock in the Company except as consented to by the Seller in writing, which consent will not be withheld by Seller in the event that the funds raised by the issuance or sale of capital
stock are paid to Seller to reduce the outstanding Promissory Note; (b) honor any transfer or attempt to transfer any shares of capital stock by its shareholders unless approved in advance in writing by Seller; or (c) redeem or otherwise
reacquire for consideration any shares of capital stock owned by its shareholders, unless approved in advance in writing by Seller. Until payment-in-full of the Promissory Note, Existing Shareholder and the Purchaser may not transfer, hypothecate,
sell, or assign their shares of capital stock in the Company except to provide security to the Seller for payment of the Promissory Note, unless approved in advance in writing by Seller. Seller’s approval of any transaction set forth herein
will not be unreasonably withheld. Seller has consented to transfers between Existing Shareholder and Purchaser and a 5% issuance of unissued stock to an existing board member. 

Section 7.4 Life Insurance. Until payment-in-full of the Promissory Note, Company shall be entitled to acquire, at its
expense, a key man life insurance policy on Scott Simonich and Purchaser. 
 Article VIII 

MISCELLANEOUS 
 Section 8.1 Survival of Representations and Warranties. Each of the representations or warranties made in this Agreement by Seller shall survive the Effective Date for a period of twelve

 
(12) months; provided however, that Sections 6.5 shall survive and continue after the Effective Date. The warranties, representations and covenants of the Company, the Existing Shareholder and
the Purchaser contained in or made pursuant to this Agreement shall survive the execution and delivery of this Agreement and the Effective Date. Any representation or warranty as to which a claim with respect to which specific notice has been given
is unresolved at the time of the expiration of the applicable period shall survive such expiration until resolved. 

Section 8.2 Expenses. Whether or not the transactions contemplated hereby are consummated, and except as otherwise expressly
provided herein, the Parties hereto shall pay all of their own costs and expenses relating to the transactions contemplated by this Agreement, including the costs and expenses of their respective counsel, financial advisors and accountants.

 Section 8.3 Amendments and Waivers. Any term of this Agreement may be amended and the observance of any term of
this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of the Company, the Purchaser and the Seller. 

Section 8.4 Notices. Any notice, consent, authorization or other communication to be given hereunder shall be in writing and
shall be deemed duly given and received when delivered personally or transmitted by facsimile transmission with receipt acknowledged by the addressee or three (3) days after being mailed by first class mail, or the next business day after being
deposited for next-day delivery with a nationally recognized overnight delivery service, charges and postage prepaid, properly addressed to the party to receive such notice at the following address for such party (or at such other address as shall
be specified by like notice): 
 if to the Company, the Existing Shareholder and/or the Purchaser, to: 

Simonich Corporation 
 Scott Simonich 
 3130 Crow Canyon Place Suite 300 

San Ramon, California 94583 
 with a copy to: 
 Mario DeTomasi 

3130 Crow Canyon Place, Suite, 300 
 San Ramon, California 94583 
 And with a copy to: 

Richard T. Bowles 
 Bowles & Verna 
 2121 N. California Blvd, Suite 875 

Walnut Creek, Ca 94596 

 if to the Seller: 
 Bank of Commerce Holdings 
 Attention: Chief Executive Officer 

1951 Churn Creek Road 
 Redding, California 96002 
 With a copy to: 

Graham and Dunn PC 
 Attn: Steve Klein and Dan Friedberg 
 2801 Alaskan Way Suite 300 

Seattle, WA 98121-1128 
 Section 8.5 Entire Agreement. This Agreement, including the Schedules and Exhibits and the other documents executed in connection with this Agreement, contains the entire agreement of the
parties and supersedes all prior negotiations, correspondence, agreements and understandings, written and oral, between or among the parties regarding the subject matter hereof. The Recitals are incorporated as a part of this Agreement and the
Parties acknowledge that the Recitals are true and correct. 
 Section 8.6 Successors and Assigns. This Agreement
shall inure to the benefit of and be binding upon the respective heirs, representatives, successors and permitted assigns of the parties. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties
hereto or their respective heirs, representatives, successors and permitted assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement. 

Section 8.7 Severability. If any provision of this Agreement, or the application of such provision to any person or
circumstance, shall be held invalid or unenforceable, the remainder of this Agreement, or the application of such provision to persons or circumstances other than those to which it is held to be invalid or unenforceable, shall not be affected
thereby. 
 Section 8.8 Governing Law. This Agreement shall be governed by and construed and interpreted in
accordance with the Law of the State of California, without regard to that state’s conflict of laws principles. Venue for any dispute arising under this Agreement shall lie in a court of competent jurisdiction in Contra Costa County,
California. 
 Section 8.9 Attorneys’ Fees. If any action at law or in equity is necessary to enforce or
interpret the terms of this Agreement, the prevailing party shall be entitled to reasonable attorneys’ fees, costs and necessary disbursements in addition to any other relief to which such party may be entitled. 

Section 8.10 Interpretation. This Agreement shall be construed according to its language. All Parties have contributed to the
drafting of this Agreement. The rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement. 

Section 8.11 Further Assurances. Each Party shall execute such other and further certificates, instruments and other
documents as may be reasonably necessary and proper to implement, complete and perfect the transactions contemplated by this Agreement. 

 Section 8.12 Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall constitute an original, and all of which together shall be considered one and the same agreement. 
 Section 8.13 Assignment. The Seller may freely assign or transfer all or any part of its rights under this Agreement. The Company and the Purchaser shall not assign this Agreement or any
rights hereunder or delegate any duties hereunder until payment-in-full of the Promissory Note. Any attempted or purported assignment or delegation in violation of the preceding sentence shall be void. 

Section 8.14 Titles and Subtitles. The titles and subtitles used in this Agreement are used for convenience only and are not
to be considered in construing or interpreting this Agreement. 
 Section 8.15 Arbitration. All claims, disputes and
other matters in question arising out of or relating to this Agreement, or the breach or interpretation thereof, shall be resolved by binding arbitration before a representative member, selected by the mutual agreement of the parties, of the
Judicial Arbitration and Mediation Services, Inc., Walnut Creek, California (“JAMS”), in accordance with the rules and procedures of JAMS then in effect. In the event JAMS is unable or unwilling to conduct such arbitration, or has
discontinued its business, the parties agree that a representative member, selected by the mutual agreement of the parties, of the American Arbitration Association, Walnut Creek, California (“AAA”), shall conduct such binding arbitration
in accordance with the rules and procedures of the AAA then in effect. Notice of the demand for arbitration shall be filed in writing with the other Party to this Agreement and with JAMS (or AAA, if necessary). In no event shall the demand for
arbitration be made after the date when institution of legal or equitable proceedings based on such claim, dispute or other matter in question would be barred by the applicable statute of limitations. Any award rendered by JAMS or AAA shall be final
and binding upon the parties, and as applicable, their respective heirs, beneficiaries, legal representatives, agents, successors and assigns, and may be entered in any court having jurisdiction thereof. The obligation of the parties to arbitrate
pursuant to this clause shall be specifically enforceable in accordance with, and shall be conducted consistently with, the provisions of Title 9 of Part 3 of the California Code of Civil Procedure. Any arbitration hereunder shall be conducted in
Walnut Creek, California, unless otherwise agreed to by the parties. 
 Section 8.16 California Corporate
Securities Law. THE SALE OF THE SECURITIES WHICH ARE THE SUBJECT OF THIS AGREEMENT HAS NOT BEEN QUALIFIED WITH THE COMMISSIONER OF CORPORATIONS OF THE STATE OF CALIFORNIA AND THE ISSUANCE OF SUCH SECURITIES OR THE PAYMENT OR RECEIPT OF ANY PART
OF THE CONSIDERATION THEREFOR PRIOR TO SUCH QUALIFICATION OR THE AVAILABILITY OF AN EXEMPTION THEREFROM IS UNLAWFUL. THE RIGHTS OF ALL PARTIES WITH RESPECT TO SUCH SECURITIES ARE EXPRESSLY CONDITIONED UPON SUCH QUALIFICATION BEING OBTAINED OR AN
EXEMPTION BEING AVAILABLE. 
 Section 8.17 No Promotion. The Parties shall cooperate to develop appropriate
advertising and publicity identifying the transaction contemplated by this Agreement, provided, however, that any press releases or public statements by the Company, the Purchaser, and the owners of the Purchaser shall be subject to prior approval
by Seller before they are issued. 
 Section 8.18 Delay. No delay or forbearance by any Party to this Agreement in
exercising or enforcing its rights under this Agreement shall be deemed to constitute a waiver or release of any rights of such Party, and no inference shall be made that any Party has waived or released any rights as a result of such Party’s
delay or forbearance in exercising or enforcing its rights under this Agreement. 

 Section 8.19 Facsimile. This Agreement may be executed by facsimile or other
electronic signature with the same effect as original signature(s). 
 Section 8.20 Third Party Beneficiaries. Each
Party hereto intends that this Agreement shall not benefit or create any right or cause of action in or on behalf of any person or entity other than the Parties hereto. 
 Section 8.21 Brokers. Each Party acknowledges that they have not incurred any fees, expenses and other costs payable to, or incurred by, brokers or finders in connection with the execution of
this Agreement. 
 Section 8.22 Waivers. Except as otherwise provided in this Agreement, any failure of any of the
parties to comply with any obligation, covenant, agreement or condition herein may be waived by the Party or Parties entitled to the benefits thereof only by a written instrument signed by the Party granting such waiver, but such waiver or failure
to insist upon strict compliance with such obligation, covenant, agreement or condition shall not operate as a waiver of, or estoppel with respect to, any subsequent or other failure. 

Section 8.23 Severability. If any provision of this Agreement (or any portion thereof) or the application of any such
provision (or any portion thereof) to any person or circumstance shall be held invalid, illegal or unenforceable in any respect by a court of competent jurisdiction, such invalidity, illegality or unenforceability shall not affect any other
provision hereof (or the remaining portion thereof) or the application of such provision to any other persons or circumstances. 

IN WITNESS WHEREOF, each of the parties has caused this Agreement to be duly executed, all
as of the day and year first above written. 
  

	
	PURCHASER:
	
	 /s/ Mario P. De Tomasi

	Mario P. De Tomasi
	
	EXISTING SHAREHOLDER
	
	 /s/ Scott Simonich

	Scott Simonich

 
			
	SELLER:
	
	Bank of Commerce Holdings
		
	By:	 	 /s/ Authorized Officer

		 	Authorized Officer
	
	THE COMPANY:
	
	SIMONICH CORPORATION (d/b/a Bank of Commerce Mortgage)
		
	By:	 	 /s/ Scott Simonich

		 	Scott Simonich, PresidentPromissory Note

 Exhibit 10.30 Promissory Note 

PROMISSORY NOTE 
  

							
	Principal Amount: $4,686,390	 		 		 	Date of Note: August 31, 2012

 FOR VALUE RECEIVED, and subject to the terms and conditions
set forth herein, Mario P. De Tomasi (the “Maker”), hereby unconditionally promises to pay to the order of Bank of Commerce Holdings or its assigns (the “Noteholder”, and together with the Maker, the
“Parties”), the principal amount of FOUR MILLION SIX HUNDRED EIGHTY SIX THOUSAND THREE HUNDRED AND NINETY DOLLARS (US $4,686,390) (the “Loan”), together with any default interest accrued thereon, as provided in this
Promissory Note (the “Note”, as the same may be amended, restated, supplemented or otherwise modified from time to time in accordance with its terms). 
 Payment. Maker will pay this loan in twenty (20) installments in accordance with the payment schedule attached hereto as Exhibit A. 

Payments shall be made at the following address or at such other place as Noteholder may designate in writing: 

Bank of Commerce Holdings 
 Attention: Chief Executive Officer 
 1951 Churn Creek Road 

Redding, California 96002 

Unless otherwise agreed or required by applicable law, payments will be applied first to principal; then to any late charges; and then to any unpaid
collection costs. 
 Prepayment. Maker may prepay the Loan in whole or in part at any time or from time to time without penalty or
premium by paying the principal amount to be prepaid. No prepaid amount may be reborrowed. 
 Default Rate. Upon default, including
failure to make any payment or pay upon final maturity, the interest rate on this Note shall be the lesser of 12% per annum or the maximum amount allowable under applicable law (“Default Rate”). If any amount payable hereunder
is not paid when due (subject to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, such overdue amount shall bear interest at the Default Rate from the date of such non-payment until such amount is paid in
full. This does not apply to the grace periods set forth under Noteholder’s Rights. All computations of interest shall be made on the basis of a year of 360 days, as the case may be, and the actual number of days elapsed. If judgment is entered
in connection with this Note, interest will continue to accrue after the date of judgment at the rate in effect at the time judgment is entered. However, in no event will the interest rate exceed the maximum interest rate limitations under
applicable law. 
 Default. Each of the following shall constitute an event of default (each, an “Event of Default”)
under this Note: 
 Payment Default. Maker fails to make any payment when due under this Note subject to the grace periods
herein. 

 Other Defaults. Maker fails to comply with or to perform any other term, obligation,
covenant or condition contained in this Note or in any of the related documents or to comply with or to perform any term, obligation, covenant or condition contained in any other agreement between Maker and Noteholder. 

Default In Favor of Third Parties. Maker or any Pledgor defaults under any loan, extension of credit, security agreement, purchase
or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any pledge made to secure this Note or Maker’s ability to repay this Note or perform Maker’s obligations under this Note or any
of the related documents. 
 False Statements. Any warranty, representation or statement made or furnished to Noteholder
by Maker or on Maker’s behalf under this Note or the related documents is false or misleading in any material respect, either now or at the time made or furnished or becomes false or misleading at any time thereafter. 

Death or Insolvency. The insolvency of Maker, the appointment of a receiver for any part of Maker’s property, any assignment
for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Maker or the death of Maker. 

Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding,
self-help, repossession or any other method, by any creditor of Maker or by any governmental agency against any collateral securing the Loan. This Event of Default shall not apply if there is a good faith dispute by Maker as to the validity or
reasonableness of the claim which is the basis of the creditor or forfeiture proceeding and if Maker gives Noteholder written notice of the creditor or forfeiture proceeding and deposits with Noteholder monies or a surety bond for the creditor or
forfeiture proceeding, in an amount determined by Noteholder, in its sole discretion, as being an adequate reserve or bond for the dispute. 
 Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the indebtedness or any Guarantor dies or becomes incompetent, or revokes or disputes the
validity of, or liability under, any guaranty of the indebtedness evidenced by this Note. 
 Adverse Change. A material
adverse change occurs in Maker’s financial condition, or Noteholder reasonably believes the prospect of payment or performance of this Note is impaired. 
 Insecurity. Noteholder in good faith believes itself insecure. 
 Noteholder’s
Rights. Upon default, Noteholder may declare the entire unpaid principal balance under this Note and all accrued default interest immediately due, and then Maker will pay that amount; provided however, that in the event that Maker is:
(i) then in compliance with all provisions of the Stock Purchase Agreement of even date and this Note (other than payment provisions) and (ii) Simonich Corporation has been unable to provide Maker with sufficient payments to make the
payments due under this Note but is reasonably likely to be able to do so within the next 12 months, then Maker shall be granted an extension period of up to 12 months to become current on any payment due under this Note. During any such extension
period, Maker shall employ best efforts to pay the maximum payments reasonably feasible from the operations of Simonich Corporation. 

 Attorneys’ Fees; Expenses. Noteholder may hire or pay someone else to help collect this Note if
Maker does not pay. Maker will pay Noteholder that amount. This includes, subject to any limits under applicable law, Noteholder’s attorneys’ fees and Noteholder’s legal expenses, whether or not there is a lawsuit, including
attorneys’ fees, expenses for bankruptcy proceedings (including efforts to modify or vacate any automatic stay or injunction), and appeals. If not prohibited by applicable law, Maker also will pay any court costs, in addition to all other sums
provided by law. 
 Jury Waiver. Maker and Noteholder hereby waive the right to any jury trial in any action, proceeding, or counterclaim
brought by either Maker or Noteholder against the other. 
 Governing Law. This Note will be governed by federal law applicable to
Noteholder and, to the extent not preempted by federal law, the laws of the State of California without regard to its conflicts of law provisions. This Note has been accepted by Noteholder in the State of California. 

Choice of Venue. If there is a lawsuit, Maker agrees upon Noteholder’s request to submit to the jurisdiction of the courts of Contra Costa
County, State of California. 
 Successor Interests. The terms of this Note shall be binding upon Maker, and upon Maker’s heirs,
personal representatives, successors and assigns, and shall inure to the benefit of Noteholder and its successors and assigns. 
 General
Provisions. If any part of this Note cannot be enforced, this fact will not affect the rest of the Note. Noteholder may delay or forgo enforcing any of its rights or remedies under this Note without losing them. Maker and any other person who
signs, guarantees or endorses this Note, to the extent allowed by law, waive presentment, demand for payment, and notice of dishonor. Upon any change in the terms of this Note, and unless otherwise expressly stated in writing, no party who signs
this Note, whether as maker, guarantor, accommodation maker or endorser, shall be released from liability. All such parties agree that Noteholder may renew or extend (repeatedly and for any length of time) this loan or release any party or guarantor
or collateral; or impair, fail to realize upon or perfect Noteholder’s security interest in the collateral; and take any other action deemed necessary by Noteholder without the consent of or notice to anyone. All such parties also agree that
Noteholder may modify this loan without the consent of or notice to anyone other than the party with whom the modification is made. The obligations under this Note are joint and several. 
 PRIOR TO SIGNING THIS NOTE, MAKER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS NOTE. MAKER AGREES TO THE TERMS OF THE NOTE. 
 MAKER ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS PROMISSORY NOTE. 
 IN WITNESS WHEREOF, the
Maker has executed this Note as of August 31, 2012. 
  

	
	 /s/ Mario P. De Tomasi

	Mario P. De Tomasi

 EXHIBIT A 
 PAYMENT SCHEDULE 
  

					
	 Payment Due Date:
	  	Payment Amount:	 
	 March 31, 2013
	  	$	410,060.00	  
	 June 30, 2013
	  	$	410,060.00	  
	 September 30, 2013
	  	$	410,060.00	  
	 December 31, 2013
	  	$	410,060.00	  
	 March 31, 2013
	  	$	292,900.00	  
	 June 30, 2014
	  	$	292,900.00	  
	 September 30, 2014
	  	$	292,900.00	  
	 December 31, 2014
	  	$	292,900.00	  
	 March 31, 2014
	  	$	234,320.00	  
	 June 30, 2015
	  	$	234,320.00	  
	 September 30, 2015
	  	$	234,320.00	  
	 December 31, 2015
	  	$	234,320.00	  
	 March 31, 2015
	  	$	175,740.00	  
	 June 30, 2016
	  	$	175,740.00	  
	 September 30, 2016
	  	$	175,740.00	  
	 December 31, 2016
	  	$	175,740.00	  
	 March 31, 2016
	  	$	58,580.00	  
	 June 30, 2017
	  	$	58,580.00	  
	 September 30, 2017
	  	$	58,580.00	  
	 December 31, 2017
	  	$	58,570.00

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