Document:

EX-10.2

 Exhibit 10.2 
  

			
	  
 

	 	 Corporate Headquarters

1000 Wilshire Blvd., Ste 100

Los Angeles, CA 90017

		 	 Tel: 213.892.9999

www.firststandradbank.com

 June 10, 2010 

Christine Oh 
 5250 Gould Ave.

 La Canada, CA 91011 

Re:        Offer Letter 

Dear Ms. Oh: 

On behalf of First Standard Bank, I am pleased to offer you the position of Executive Vice President & Chief
Financial Officer, reporting to the President/Chief Executive Officer. This position is an important one to our organization and we look forward to you contributing your knowledge and expertise. 

 

	1.	 Hire Date. Your hire date will be July 1, 2010. 

	2.	 Base Salary. Your annualized gross salary will be $170,000 and we are paid on the 15th and last day of the month. 

	3.	 Stock Option. You will be allocated 70,000 Shares of stock options vesting equally over five years on
your anniversary date. 

	4.	 Auto Allowance. You will be paid an auto allowance of $800 per month. 

	5.	 Vacation. You will receive four (4) weeks paid vacation annually accrued at a rate of 6.67 hours
per pay period. 

	6.	 Benefits. You will be eligible for Health benefits of medical, dental, vision, and life insurance and
401(k) Retirement Plan (currently no matching) on your start date. 

	7.	 Performance Incentive Plan. You will be eligible for a discretionary bonus tied to the Bank making a
profit and meeting annual bank and individual goals. 

 During your employment you will have access to
confidential and proprietary information, which we consider private and protect adamantly. We also resolve any dispute between you and us by arbitration. Therefore, this offer is conditioned on your execution and delivery of an Arbitration
Agreement, which will be provided on your hire date. Your employment is also contingent upon the successful completion of the background and reference checks, as well as being able to establish your identity and authorization to work in the United
States on your first day of work. We are an at-will organization, which means either party may terminate the relationship at any time with or without cause and with or without notice. 

I am delighted to extend this offer to you and look forward to working together. Please indicate your acceptance of this offer
by signing the offer letter and arbitration agreement, as well as, returning the release authorization and employee application. The terms of this offer supersede any prior representation or terms, whether expressed orally or in writing. If you have
any questions regarding benefits, please contact Jackie Shin at 213.892.1197. 
 Sincerely, 

/s/ Min J. Kim 

Min J. Kim 

President & Chief Executive Officer 
  

					
	 Acceptance:
	 		 	
			
	 /s/ Christine oh
	 	  
	 	       6-14-10

	 Christine oh
	 		 	       Date

	
Attachments: arbitration agreement, release authorization, applicationEX-10.3

 Exhibit 10.3 
  

			
	 

	  	 Corporate Headquarters

1000 Wilshire Blvd., Ste. 100
 Los
Angeles, CA 90017

		
	 April 28, 2010
	  	 Tel) 213 892 9999

Fax) 213 892 1199

www.firststandardbank.com

 Steve Park  

Re:        Offer Letter 

Dear Mr. Park: 

On behalf of First Standard Bank, I am pleased to offer you the position of Executive Vice President & Chief Credit
Officer, reporting to the President/Chief Executive Officer. This position is an important one to our organization and we look forward to you contributing your knowledge and expertise. 

 

	1.	 Hire Date. Your hire date will be June 1, 2010. 

	2.	 Base Salary. Your annualized gross salary will be $170,000 ($7,083.33
bi-monthly gross). We are paid on the 15th and last day of the month. 

	3.	 Stock Option. You will be allocated 70,000 Shares of stock options vesting equally over five years on
your anniversary date. 

	4.	 Auto Allowance. You will be paid an auto allowance of $700 per month. 

	5.	 Vacation. You will receive four (4) weeks paid vacation annually accrued at a rate of 6.67 hours
per pay period. 

	6.	 Benefits. You will be eligible for Health benefits of medical, dental, vision, and life insurance and
401(k) Retirement Plan (currently no matching) on your start date. 

	7.	 Performance Incentive Plan. You will be eligible for a discretionary bonus tied to the Bank making a
profit and meeting annual bank and individual goals. 

 During your employment you will have access to
confidential and proprietary information, which we consider private and protect adamantly. We also resolve any dispute between you and us by arbitration. Therefore, this offer is conditioned on your execution and delivery of an Arbitration
Agreement, which will be provided on your hire date or upon request. Your employment is also contingent upon the successful completion of regulatory approval, background, and reference checks, as well as being able to establish your identity and
authorization to work in the United States on your first day of work. We are an at-will organization, which means either party may terminate the relationship at any time with or without cause and with or
without notice. 
 I am delighted to extend this offer to you and look forward to working together. Please indicate your
acceptance of this offer by signing one copy of this letter. The terms of this offer supersede any prior representation or terms, whether expressed orally or in writing. If you have any questions regarding this application, please contact Jackie
Shin at 213.892.1196. 
  

					
	 Sincerely,
	 		 	
			
	 /s/ Min Kim
	 	  
	 	  

	 Min Kim
	 		 	
	 President and Chief Executive Officer

  

					
	 Acceptance:
	 		 	
			
	 /s/ Steve Park
	 	  
	 	4/28/10
	 Steve Park
	 		 	DateEX-10.4

 Exhibit 10.4 
  

 
 September 9, 2013 

Ki Won Yoon 
 Dear
Ms. Yoon, 
 On behalf of Open Bank, I am pleased to offer you the position of Executive Vice President, Chief Lending
Officer, reporting to the Chief Executive Officer. This position is an important one to our organization and we look forward to you contributing your experience and expertise. 

 

	1.	 Start date. Tuesday, October 1, 2013. 

	2.	 Base Salary. Your annualized gross salary will be $170,000. We are paid on the 15th and last day of the month. 

	3.	 Stock Option. You will be allocated 50,000 shares of stock options vesting equally over five (5) years
on your anniversary date, subject to Board approval. 

	4.	 Restrictive Stock. You will be granted 20,000 Restricted Stock Units tied to bank performance, vesting
equally over five (5) years on your anniversary date, subject to Board approval. 

	5.	 Paid Time Off (“PTO”). You will receive five (5) weeks PTO (includes vacation and sick
days) annually prorated per pay period. 

	6.	 Auto Allowance. You will receive an auto allowance of $800 per month. 

	7.	 Cell Allowance. You will receive a cell phone allowance of $200 per month. 

	8.	 Benefits. You will be eligible for health benefits of medical, dental, vision, and life insurance on
your hire date and 401(k) Retirement Plan on January 1, 2014. 

	9.	 Performance Incentive Plan. You will be eligible for a $50,000 cash incentive bonus tied to the Bank
making a profit and meeting annual bank and individual goals for 2013. 

	10.	 Board approval. Your executive position is subject to HRCC approval. 

During your employment you will have access to confidential and proprietary information, which we consider private and protect
adamantly. We also resolve any dispute between you and us by arbitration. Therefore, this offer is conditioned on your execution and delivery of an Arbitration Agreement. Your employment is also contingent upon the successful completion of the
background and reference checks, as well as being able to establish your identity and authorization to work in the United States on your first day of work. The first 90 days of your employment will be considered an introductory period. However, both
during, and upon the conclusion of your introductory period, employment with Open Bank is at-will. This means that the terms and conditions of your employment may be changed with or without notice, with or
without cause, including, but not limited to termination, demotion, promotion, transfer, benefits, duties and location of work. There is no express or implied agreement between Open Bank and yourself for continued or long-term employment. No
representative of Open Bank has the authority to alter this at-will relationship. 

  
 1000 Wilshire Blvd.
Suite 100, Los Angeles, CA 90017    |    Tel 213.892.9999    |    Fax 213.892.1199    |    www.myopenbank.com 

 Page two 

September 9, 2013 
 Ki Won
Yoon 
 I am delighted to extend this offer to you and look forward to working together. Please indicate your acceptance of
this offer by signing the offer letter, and arbitration agreement, as well as, returning the Release Authorization, and Fair Credit Reporting Act Disclosure form. The terms of this offer supersede any prior representation or terms, whether expressed
orally or in writing. If you have any questions regarding benefits, please contact Kathi Duncan at 213.892.1193. 

Sincerely, 

/s/ Min Kim 

Min Kim 

President & Chief Executive Officer 
  

									
	 Acceptance:
	 		 		 		 	
					
	 /s/ Ki Won Yoon
	 	  
	 	9/12/13	 	  
	 	9/12
	 Ki Won Yoon
	 		 	Date Signed	 		 	Start Date

 Attachments: arbitration agreement, Fair Credit Reporting Act Disclosure Form, application, Release
Authorization, 1-9 requirements 

  
 1000 Wilshire Blvd.
Suite 100, Los Angeles, CA 90017    |    Tel 213.892.9999    |    Fax 213.892.1199    |    www.myopenbank.comEX-10.5

 Exhibit 10.5 
  

			
	 

	 	 Corporate Headquarters

1000 Wilshire Blvd., Ste. 100

Los Angeles, CA 90017

		
	 April 27, 2010
	 	 Tel) 213 892 9999

Fax) 213 892 1199

www.firststandardbank.com

 Kathrine Duncan 

1029 Easthills Drive 
 West
Covina, CA 91791 
 Re:        Offer Letter 

Dear Ms. Duncan: 

On behalf of First Standard Bank, I am pleased to offer you the position of Senior Vice President & Chief
Administrative Officer, reporting to the President/Chief Executive Officer. This position is an important one to our organization and we look forward to you contributing your experience and expertise. 

 

	1.	 Base Salary. Your annualized gross salary will be $110,000 ($4,583.33
bi-monthly gross). We are paid on the 15th and last day of the month. 

	2.	 Stock Option. You will be allocated 30,000 Shares of stock options vesting equally over five years on
your anniversary date. 

	3.	 Vacation. You will receive three (3) weeks paid vacation annually accrued at a rate of 5 hours per
pay period. 

	4.	 Benefits. You will be eligible for Health benefits of medical, dental, vision, and life insurance and
401(k) Retirement Plan on the first of the month following your start date (May 1, 2010). 

	5.	 Performance Incentive Plan. You will be eligible for a discretionary bonus tied to the Bank making a
profit and meeting annual bank and individual goals. 

 During your employment you will have access to
confidential and proprietary information, which we consider private and protect adamantly. We also resolve any dispute between you and us by arbitration. Therefore, this offer is conditioned on your execution and delivery of an Arbitration
Agreement, which is enclosed with this letter (or will be provided prior to employment). Your employment is also contingent upon the successful completion of the background and reference checks, as well as being able to establish your identity and
authorization to work in the United States on your first day of work. We are an at-will organization, which means either party may terminate the relationship at any time with or without cause and with or
without notice. 
 I am delighted to extend this offer to you and look forward to working together. Please indicate your
acceptance of this offer by signing one copy of this letter and completing the Arbitration Agreement. The terms of this offer supersede any prior representation or terms, whether expressed orally or in writing. If you have any questions regarding
this application, please contact Jackie Shin at 213.892.1196. 
 Sincerely, 

/s/ Min Kim 

Min Kim 

President and Chief Executive Officer 
  

					
	 Acceptance:
	 		 	
			
	
/s/ Kathrine Duncan                
	 	  
	 	 4/27/10            

	 Kathrine Duncan
	 		 	 Date

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