Document:

EX-10.1

 Exhibit 10.1 

EMPLOYMENT AGREEMENT 

THIS EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into on September 12, 2018 (the “Effective
Date”), by and among Citizens Business Bank, (“the Bank”) and CVB Financial Corp. (“CVB” and with the Bank hereinafter collectively referred to as “the Company”) on the one hand, and Christopher D. Myers
(“Executive”) on the other hand, on the basis of the following. 
 WHEREAS, the Bank and CVB have employed
Executive as the President and Chief Executive Officer of the Bank and CVB since August 1, 2006, and Bank and CVB previously entered into an employment agreement with Executive on February 4, 2014, which previous agreement is superseded by
this Agreement in accordance with Section G.11 below; and 
 WHEREAS, the parties are willing to enter into this
Agreement providing for the continuation of such employment upon the terms and conditions set forth herein. 
 NOW,
THEREFORE, in consideration of the mutual covenants hereinafter set forth, the sufficiency of which is acknowledged, the parties hereto covenant and agree as follows: 

A.       TERM OF EMPLOYMENT 

1.       Term. The Company hereby continues to employ Executive as
Company’s President and Chief Executive Officer, and Executive hereby accepts such continued employment with the Company, for a period of three (3) years, commencing as of the Effective Date set forth above and continuing through the third
anniversary of the Effective Date (the “Term”), subject however to prior termination as hereinafter provided. Where used herein, “Term” shall refer to the period of the employment of Executive by the Company from the
Effective Date through the end of the three (3) year period provided above, or such shorter period as Executive may be employed by the Company if Executive’s employment is terminated earlier as hereinafter provided. 

B.       DUTIES OF EXECUTIVE 

1.       Duties. Executive’s duties under this Agreement shall include all
ordinary and reasonable duties customarily performed by the President and Chief Executive Officer of a commercial banking institution in California, subject to the powers by law vested in the Boards of Directors of the Bank and CVB. As such,
Executive shall oversee all operational aspects of the business and activities of the Company. Executive shall render his services to the Company and shall exercise such corporate responsibilities as Executive may be directed by the Boards of
Directors. Executive shall report solely to the Boards of Directors of the Bank and CVB, and shall perform his duties faithfully, diligently and to the best of his ability, consistent with the highest and best standards of the banking industry and
in compliance with applicable laws. 

 2.      Conflicts of Interest.
Executive expressly agrees as a condition to the performance by the Company of its obligations herein that, during the Term, he will not, directly or indirectly, render any services of an advisory nature or otherwise become employed by, or
participate or engage in, any business competitive with any businesses of the Company, without the prior written consent of the Company; provided, however, that nothing herein shall prohibit Executive from owning stock or other securities of a
competitor which are relatively insubstantial to the total outstanding stock of such competitor, and so long as he in fact does not have the power to control or direct the management or policies of such competitor and does not serve as a director or
officer of, and is not otherwise associated with, any competitor except as consented to by the Company. Nothing contained herein shall preclude substantially passive investments by Executive during the Term that may require nominal amounts of his
time, energies and interest. 
 3.      Performance. During the Term, Executive
shall devote substantially his full energies, interests, abilities and productive time to the business of the Company. Executive shall at all times loyally and conscientiously perform all of these duties and obligations hereunder and shall at all
times strictly adhere to and obey, and instruct and require all those working under and with him strictly to adhere and obey, all applicable federal and state laws, statutes, rules and regulations to the end that the Company shall at all times be in
full compliance with such laws, statutes, rules and regulations. 
 4.      Subpoenas;
Cooperation in Defense of the Company. If Executive, during the Term or thereafter, is served with any subpoena or other compulsory judicial or administrative process calling for production of confidential information or if Executive is
otherwise required by law or regulations to disclose Confidential Information (as described in Section G below), Executive will promptly, before making any such production or disclosure, notify the Company’s counsel and provide such information
as the Company may reasonably request to take such action as the Company deems necessary to protect its interests. Executive agrees to cooperate reasonably with the Company, whether during the Term or thereafter, in the prosecution or defense of all
threatened claims or actual litigation in which the Company is or may become a party, whether now pending or hereafter brought, in which Executive has direct or indirect knowledge of relevant facts or issues. If Executive is no longer employed by
the Company, the Company shall reasonably compensate Executive for his time at an hourly rate of pay corresponding on a per hour basis to Executive’s highest annual base salary earned during the Term, and shall reimburse Executive for any
reasonable expenses incurred, in connection with Executive’s cooperation in accordance with this paragraph. 

C.      COMPENSATION 

1.      Salary. In consideration of the performance by Executive of all of his
obligations under this Agreement, the Bank agrees to pay Executive during the Term a base salary of nine hundred thousand dollars ($900,000.00) per year, less required taxes and withholdings, commencing as of the Effective Date, and for each full
year of the Term. The base salary shall be payable in accordance with the Bank’s regular payroll practices. The 

  
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Compensation Committee of CVB’s Board of Directors will provide an annual merit increase in base salary, with such increase opportunity in the range of 2% to 4%, based on such
Committee’s evaluation of Executive’s and the Bank’s performance, and may elect to adjust upward the base annual salary provided for above and other compensation of Executive from time to time, at its sole discretion. 

2.      Bonuses. For each calendar year in the Term, Executive shall be eligible to be
considered for a bonus consistent with the Bank’s applicable executive incentive compensation program (currently the CVB Financial Corp. Executive Performance Compensation Plan adopted under the CVB Financial Corp. 2015 Executive Incentive
Plan), which provides for bonuses in the range of 0% to 150% of Executive’s base salary (as in effect on March 1 of the calendar year) and a target bonus opportunity of 100% of such base salary, based upon Executive’s performance and
accomplishment of business and financial goals during the completed fiscal year and the overall financial performance of the Bank. The Compensation Committee of CVB’s Board of Directors retains the discretion as to whether to grant bonuses each
year, and in what amounts. 
 3.      Stock Option Grant. On the Effective Date, CVB
will grant to Executive stock options to purchase one hundred thousand (100,000) shares of CVB common stock. Such stock options shall be incentive stock options for federal income tax purposes to the greatest extent permitted by law. The exercise
price per share for these stock options will be the closing selling price for CVB’s common stock (NASDAQ:CVBF) on the grant date. These stock options will have a term of ten years; will become vested and exercisable over three years
(thirty-three and one-third percent (33-1/3%) on each of the first three anniversaries of the Effective Date), provided that Executive continues in employment with the
Bank and/or CVB through each such anniversary; and will be subject to the terms and conditions of the CVB Financial Corp. 2018 Equity Incentive Plan and the related stock option agreement entered into pursuant thereto. 

4.      Time Vesting RSU Grant. 

(a)      On the Effective Date, CVB will grant to Executive restricted stock units
(“RSUs”) pursuant to the CVB Financial Corp. 2018 Equity Incentive Plan pertaining to one hundred five thousand (105,000) shares of CVB Financial Corp. common stock, which will time vest over three years in accordance with the following
schedule: 
 (i)        RSUs pertaining to 15,000 shares will vest on
September 12, 2019; 
 (ii)       RSUs pertaining to an additional 45,000 shares
will vest on September 12, 2020; and 
 (iii)      RSUs pertaining to an additional
45,000 shares will vest on September 12, 2021. 

  
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 (b)      In each case, unless otherwise
provided for in this Agreement, the RSUs will vest on the specified date only if Executive continues in employment with the Bank and/or CVB through such date. 

(c)      The RSUs will be subject to the terms and conditions of the CVB Financial Corp. 2018
Equity Incentive Plan and the related RSU award agreements entered into pursuant thereto. Dividend equivalents will be paid to Executive with respect to shares subject to RSUs at the same time and in the same form (cash or shares) as dividends are
paid to CVB shareholders. 
 5.      Performance Vesting PRSU Grant. 

(a)      On the Effective Date, CVB will grant to Executive performance-based restricted
stock units (“PRSUs”) pursuant to the CVB Financial Corp. 2018 Equity Incentive Plan pertaining to a target of one hundred five thousand (105,000) shares of CVB Financial Corp. common stock. The PRSUs will vest over three years in the
installments described below based upon the financial performance of the Company relative to the financial performance of the Index Banks (as defined below) during the Performance Periods (as defined below). 

(b)      Definitions. The following terms used in connection with the PRSUs and the
incentive cash award pursuant to Section C.7 below, shall have the following meanings: 

(i)       “Index” shall mean the KBW Nasdaq Regional Banking Index (KRX). 

(ii)      “Index Banks” shall mean, with respect to each twelve-month period
beginning on a July 1 and ending on the next succeeding June 30 during a Performance Period, the Company and those other banks (and only those banks) that are included in the Index on June 30 of such twelve-month period (whether or
not included in the Index on July 1 of such twelve-month period). 

(iii)      “2019 Performance Period” means the
12-month period ended June 30, 2019. “2020 Performance Period” means the two 12-month periods ended June 30, 2019 and June 30, 2020. “2021
Performance Period” means the three 12-month periods ended June 30, 2019, June 30, 2020 and June 30, 2021. “Performance Period” means any of the 2019 Performance Period, the 2020
Performance Period or the 2021 Performance Period. 
 (iv)      “ROA” shall mean
return on average assets (ROAA) of the Company or an Index Bank, as applicable, for a twelve-month period beginning on a July 1 and ending on the next succeeding June 30. For each such twelve-month period during a Performance Period, ROA
shall be ROAA as reported by KBW in connection with the Index using GAAP earnings and average assets as reported by the Company or Index Bank for financial reporting purposes. 

  
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 (v)       “Relative ROA”
shall mean the Company’s ROA for each twelve-month period beginning on a July 1 and ending on the next succeeding June 30 during a Performance Period relative to the ROA of the applicable Index Banks for such twelve-month period,
expressed in terms of the Company’s percentile ranking among such Index Banks. 

(vi)      “Average Relative ROA” shall mean for a Performance Period the average
(arithmetic mean) of the Relative ROA percentiles for each of the twelve-month periods beginning on a July 1 and ending on the next succeeding June 30 during the Performance Period, which average percentile shall be rounded up or down to
the nearest whole percentile. 
 (vii)      “ROE” shall mean return on average
tangible common stockholder’s equity (ROATCE) of the Company or an Index Bank, as applicable, for a twelve-month period beginning on a July 1 and ending on the next succeeding June 30. For each such twelve-month period during a Performance
Period, ROE shall be ROATCE as reported by KBW in connection with the Index using GAAP earnings and average tangible common stockholder’s equity as reported by the Company or Index Bank for financial reporting purposes. 

(viii)      “Relative ROE” shall mean the Company’s ROE for each twelve-month
period beginning on a July 1 and ending on the next succeeding June 30 during a Performance Period relative to the ROE of the applicable Index Banks for such twelve-month period, expressed in terms of the Company’s percentile ranking
among the Index Banks. 
 (ix)        “Average Relative ROE” shall mean
for a Performance Period the average (arithmetic mean) of the Relative ROE percentiles for each of the twelve-month periods beginning on a July 1 and ending on the next succeeding June 30 during the Performance Period, which average
percentile shall be rounded up or down to the nearest whole percentile. 

(c)      Relative ROE Target Performance. 

(i)      If Average Relative ROE is at
50th percentile performance for the 2019 Performance Period, PRSUs will be earned and vest for the target number of 7,500 shares on September 12, 2019. 

(ii)      If Average Relative ROE is at
55th percentile performance for the 2020 Performance Period, PRSUs will be earned and vest for the target number of 22,500 shares on September 12, 2020. 

(iii)      If Average Relative ROE is at
60th percentile performance for the 2021 Performance Period, PRSUs will be earned and vest for the target number of 22,500 shares on September 12, 2021. 

  
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 (d)      Relative ROA Target
Performance. 
 (i)      If Average Relative ROA is at 50th percentile performance for the 2019 Performance Period, PRSUs will be earned and vest for the target number of 7,500 shares on September 12, 2019. 

(ii)      If Average Relative ROA is at
55th percentile performance for the 2020 Performance Period, PRSUs will be earned and vest for the target number of 22,500 shares on September 12, 2020. 

(iii)      If Average Relative ROA is at
60th percentile performance for the 2021 Performance Period, PRSUs will be earned and vest for the target number of 22,500 shares on September 12, 2021. 

(e)      If Average Relative ROE or Average Relative ROA is above or below 50th percentile performance for the 2019 Performance Period, the number of shares for which the PRSUs will be earned and vest with respect to such performance measure and the 2019 Performance Period
shall be adjusted up or down from the target number of such shares that would vest at 50th percentile performance according to the following schedule: 

 

			
	Performance Percentile	  	
Percentage of Target Number of Shares Vesting*
  

	 Less than 25th
percentile
  
	  	
0%
  

	25th through 75th percentile	  	 75%
plus an additional 1% for each percentile above 25th percentile
  

	 Greater than 75th
percentile
  
	  	
125%
  

	 *By way of example, if Average Relative ROE were at the 45th percentile for the 2019 Performance Period, the percentage of the target number of shares vesting for that performance criteria for that Performance Period would be 95% (75% + 20%), and the number
of such shares vesting would be 7,125 (95% x 7,500).

 (f)      If Average Relative ROE or Average Relative ROA is
above or below 55th percentile performance for the 2020 Performance Period, the number of shares for which the PRSUs will be earned and vest with respect to such performance measure and the 2020
Performance Period shall be adjusted up or down from the target number of such shares that would vest at 55th percentile performance according to the following schedule: 

 

			
	Performance Percentile	  	
Percentage of Target Number of Shares Vesting*
  

	 Less than 30th
percentile
  
	  	
0%
  

  
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	30th through 80th percentile	  	 75%
plus an additional 1% for each percentile above 30th percentile
  

	Greater than 80th percentile	  	
125%
  

	 *By way of example, if Average Relative ROE were at the 65th percentile for the 2020 Performance Period, the percentage of the target number of shares vesting for that performance criteria for that Performance Period would be 110% (75% + 35%), and the number
of such shares vesting would be 24,750 (110% x 22,500).

 (g)      If Average Relative ROE or Average Relative ROA is
above or below 60th percentile performance for the 2021 Performance Period, the number of shares for which the PRSUs will be earned and vest with respect to such performance measure and the 2021
Performance Period shall be adjusted up or down from the target number of such shares that would vest at 60th percentile performance according to the following schedule: 

 

			
	Performance Percentile	  	
Percentage of Target Number of Shares Vesting*
  

	 Less than 35th
percentile
  
	  	0%
	35th through 85th percentile	  	 75%
plus an additional 1% for each percentile above 35th percentile
  

	 Greater than 85th
percentile
  
	  	
125%
  

	 *By way of example, if Average Relative ROE were at the 65th percentile for the 2021 Performance Period, the percentage of the target number of shares vesting for that performance criteria for that Performance Period would be 105% (75% + 30%), and the number
of such shares vesting would be 23,625 (105% x 22,500).

 (h)      In each case, unless otherwise provided for in this
Agreement, PRSUs will vest on the specified date only if Executive continues in employment with the Bank and/or CVB through such date. In no event will PRSUs be earned or vest with respect to more than 125% of the target number of shares for any
performance measure for any Performance Period. 
 (i)      The PRSUs will be subject to
the terms and conditions of the CVB Financial Corp. 2018 Equity Incentive Plan and the related PRSU award agreements entered into pursuant thereto. Dividend equivalents will accrue with respect to shares subject to PRSUs, but will be paid to
Executive upon vesting of the PRSUs, only with respect to the numbers of such PRSU shares that vest at such time, in the same form (cash or shares) and same per share amounts (without interest or earnings) as dividends were paid to CVB shareholders
while the PRSUs were outstanding prior to vesting. 
 6.       Equity Grants.
The stock option, RSU and PRSU grants provided in Sections C.3, C.4 and C.5 are intended by the Compensation Committee of CVB’s Board of Directors to be the stock option, RSU, PRSU and/or restricted stock grants to be made to

  
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Executive for the entire Term, provided, however, that, CVB may make additional stock option, RSU, PRSU and/or restricted stock grants to Executive at such times (including, without limitation,
at the time that a future extension or renewal of this Agreement is entered into between the Company and Executive), in such amounts and on such terms as may be determined by the Compensation Committee of CVB’s Board of Directors or the
Committee administering the CVB Financial Corp. 2018 Equity Incentive Plan or other equity plan, in its sole and absolute discretion, which includes the discretion not to make any such grants to Executive in the future. 

7.      Incentive Cash Award. Executive is eligible for an incentive cash award with a
target payment of one million dollars ($1,000,000.00) (the “Incentive Cash Award”). Executive will be entitled to payment of such Incentive Cash Award on September 12, 2019, in an amount based upon Relative ROA (as defined in Section
C.5 above, rounded up or down to the nearest whole percentile) for the 2019 Performance Period, provided that Executive continues in employment with the Bank and/or CVB through September 12, 2019. Concurrently with entering into this Agreement,
Executive shall have the right to elect to defer payment of all or any portion of the Incentive Cash Award pursuant to Section 3.3(c) of the CVB Financial Corp. Deferred Compensation Plan For Christopher D. Myers, as amended and restated
effective January 1, 2007, and as amended effective January 1, 2014 (the “DC Plan”), in accordance with the terms and conditions of the DC Plan and applicable law and regulations. If Relative ROA for such Performance Period ranks
at the 50th percentile, the payout amount will be the $1,000,000 target. If Relative ROA is above or below the 50th percentile, the payout
amount (if any) will be calculated according to the following schedule: 
  

			
	 Performance Percentile

 
	  	
Payout Amount*
  

	 Less than 25th
percentile
  
	  	$0
	25th through 75th percentile	  	
$900,000 plus an additional $4,000 for each percentile above 25th percentile

 

	 Greater than 75th
percentile
  
	  	
$1,100,000
  

	 *By way of example, if Relative ROA were at the 55th percentile for the 2019 Performance Period, the incentive cash award amount would be $1,020,000 ($900,000 + 30 x $4,000).

 In no event will the incentive cash award payout amount exceed $1,100,000. 

8.      Deferred Compensation Program. The Company will continue to provide Executive
that certain deferred compensation program set forth in the DC Plan, which plan may not be further amended or terminated except as expressly set forth in Article 10 of such plan. Executive may elect to defer payment of the Incentive Cash Award that
may be payable under Section C.7 to the extent permitted under and in accordance with the terms and conditions of the DC Plan and applicable law and regulations. 

  
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 D.      EXECUTIVE BENEFITS 

1.      Group Medical, Life Insurance and 401(k) Benefits. During the Term, the Bank
shall provide for Executive’s participation in medical, accident, health benefits, disability insurance, the 401(k) plan/profit sharing plan and other employee benefits as provided to other officers and employees of the Bank, the amount extent
and scope of which shall be determined in accordance with the plans and policies adopted by the Bank as in effect from time to time, and subject to applicable legal limitations. 

2.      Automobile. During the Term, the Bank shall provide Executive for his business
use an automobile which is approved by the Compensation Committee of CVB’s Board of Directors and which is consistent with the Bank’s automobile policies. The Bank shall also reimburse Executive for all reasonable automobile-related
expenses, such as gas and maintenance, incurred by Executive while using the automobile in furtherance of the Bank’s business. Executive shall be responsible for maintaining all requisite documentation and records concerning the use of such
automobile which may be necessary to ensure compliance with applicable federal and state income tax laws and regulations including, but not limited to, issues involving the determination and reporting of the taxable income of Executive and
establishing the availability to the Bank of appropriate tax deductions. Executive agrees promptly to return the automobile to the Bank at the time of any termination of this Agreement pursuant to Section F. below, or at the time of the expiration
of the Term. 
 3.      Club Membership. During the Term, the Bank agrees to
reimburse Executive for the reasonable cost (including the cost of membership initiation fee and periodic dues) of the two (2) country club memberships currently held in Executive’s name, upon submission of appropriate documentation by
Executive. The Bank agrees to reimburse Executive for periodic dues and reasonable business-related expenses pertaining to a country club membership in Executive’s name at The Los Angeles Country Club, in substitution for either of the two
existing memberships, if Executive should become a member of The Los Angeles Country Club (at Executive’s own cost of membership initiation fee), upon submission of appropriate documentation by Executive. 

E.      REIMBURSEMENT FOR BUSINESS EXPENSES AND MATCHING CHARITABLE CONTRIBUTIONS 

Executive shall be entitled to reimbursement by the Bank for any ordinary and necessary business expenses incurred by
Executive in the performance of Executive’s duties and in acting for the Bank during the Term, which type of expenditures shall be determined by the Bank’s Board of Directors, provided that: 

(a)      Each such expenditure is of a nature qualifying it as a proper deduction on the
federal and state income tax returns of the Bank as a business expense and not as compensation to Executive; and 

  
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 (b)      Executive furnishes to the Bank
adequate records and other documentary evidence required by federal and state statutes and regulations issued by the appropriate taxing authorities for the substantiation of such expenditures as deductible business expenses of the Bank and not as
compensation to Executive. 
 Provided that the Bank’s Board of Directors has granted specific approval in advance,
any reasonable and customary expenses of Executive for his activities in industry association groups, or other business, industry, civic, or charitable organizations, that are not reimbursed by those organizations, will be reimbursed by the Bank to
Executive upon presentation of proper documentation. 
 Notwithstanding any other provision of this Agreement, any
reimbursements provided in this Section E or in Section D above must be paid no later than the last day of the calendar year following the calendar year in which such expenses were incurred, and must be submitted to the Company no later than 30 days
prior to such last day; in no event will any such reimbursements made in any one calendar year affect the reimbursements to be made in any other calendar year; and Executive’s right to have the Company pay such expenses may not be liquidated or
exchanged for any other benefit. 
 For so long as Executive serves on the advisory board of the Laurence D. and Lori W.
Fink Center for Finance and Investments (the “Fink Center”) at UCLA Anderson School of Management, the Bank will match Executive’s personal charitable contributions to the Fink Center up to $10,000 for each
calendar year during the Term. 
 F.      TERMINATION 

Notwithstanding any and all other provisions of this Agreement to the contrary, Executive’s employment hereunder may
be terminated by the Bank and CVB, with or without Cause, in the sole and absolute discretion of the Boards of Directors of the Bank and CVB at any time. Upon any such termination, the Bank shall pay to Executive (or to Executive’s estate in
the event of his death) the current base salary earned but unpaid through the date of termination, along with any earned but unused vacation pay due at the time of termination (collectively, the “Accrued Obligations”), which payment shall
be made within thirty (30) days after the date of termination or at such earlier time, as may be required by applicable law. The termination of Executive’s employment shall not affect any rights or benefits that Executive may have pursuant
to any insurance, retirement, stock option, restricted stock, equity incentive, deferred compensation or other benefit plans or arrangements of the Bank and CVB, to the extent that such rights or benefits have vested prior to or as a result of such
termination (the “Vested Benefits”). Any Vested Benefits shall be paid or provided solely in accordance with the terms and conditions of such other plans and arrangements. The payments provided in Sections F.1, F.2 and F.4 below, under the
circumstances set forth therein, shall be in full and complete satisfaction of any and all rights and benefits that Executive might receive from his employment with the Bank and CVB, other than such other rights and benefits, if any, as are
expressly set forth or referenced herein. The Bank and CVB shall have no other obligations to Executive (or to Executive’s 

  
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heirs or legal representatives) upon any termination of employment, except as expressly provided below, or as otherwise required by applicable law. 

1.      Without Cause. If such termination occurs and is not for reasons described in
Sections F.2, F.3 or F.4 below, and Executive complies with Sections G.1 and G.4 below, then, in addition to the Accrued Obligations and the Vested Benefits, the Bank shall pay to Executive an amount equal to two times his then current annual base
salary immediately preceding such termination, plus, aggregately, two times Executive’s average of any annual bonus granted under Section C.2 for the last two calendar years ended immediately preceding the calendar year in which such
termination occurs (whether or not payment is deferred), in full and complete satisfaction of any and all rights which Executive may enjoy hereunder. The amount described in this Section F.1 shall be paid in equal installments on the Bank’s
normal payroll dates during the twelve (12) month period immediately following such termination. Additionally, and notwithstanding any other provision of this Agreement, or any other agreement between the parties, if Executive’s
termination pursuant to this Section F.1 occurs, any Incentive Cash Award, stock options, restricted stock, and/or time and performance based restricted stock units that would have vested pursuant to the terms of this Agreement (including by using
Company performance results as they exist at the time of such termination) within twelve (12) months following the date of such termination pursuant to this Section F.1 will immediately vest upon Executive’s termination pursuant to this
Section F.1, and payment of any Incentive Cash Award that vests will be made on the sixtieth (60th) day following the date of termination of employment. Such salary continuation payments, accelerated vesting of awards and payment of any Incentive
Cash Award described in this Section F.1 are contingent upon Executive’s execution of the Release described in Section F.5 within the time period described therein. Any payment or payments required to be made prior to the sixtieth (60th) day
following the date of termination of employment shall be held back and aggregately paid on the sixtieth (60th) day following the date of termination of employment. For purposes of this Agreement, a decision by the Company to not renew this Agreement
or otherwise not renew Executive’s employment shall not be considered a termination without Cause for any purpose under this Agreement. 

2.      Upon Disability or Death. 

(a)      Disability. Executive’s employment hereunder may be terminated by the
Bank and CVB upon Executive’s inability to perform his duties hereunder as the President and Chief Executive Officer of the Bank and CVB as a result of prolonged absence from work for health reasons or physical or mental disability, illness or
incapacity, for three (3) consecutive calendar months, or for shorter periods aggregating four (4) months in any twelve (12) month period, as reasonably determined by the Boards of Directors. In the event that Executive’s
employment is terminated under this Section F.2(a), and Executive complies with Sections G.1 and G.4. below, then, in addition to the Accrued Obligations and Vested Benefits, the Bank shall pay to Executive his then current annual base salary, as
set forth in Section C.1 above, for twelve (12) months in equal installments on the Bank’s normal payroll dates, adjusted as hereinafter set forth. Each payment shall be reduced by the 

  
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amount of any disability payments to be made under the Bank’s insurance plans, including workers compensation, during the payroll period for which such payment is made. Additionally, and
notwithstanding any other provision of this Agreement, or any other agreement between the parties, if Executive’s termination pursuant to this Section F.2(a) occurs, any Incentive Cash Award, stock options, restricted stock, and/or time and
performance based restricted stock units that would have vested pursuant to the terms of this Agreement (including by using Company performance results as they exist at the time of such termination) within twelve (12) months following the date
of such termination pursuant to this Section F.2(a) will immediately vest upon Executive’s termination pursuant to this Section F.2(a), and payment of any Incentive Cash Award that vests will be made on the sixtieth (60th) day following the
date of termination of employment. Such salary continuation payments, accelerated vesting of awards and payment of any Incentive Cash Award are contingent upon execution of the Release described in Section F.5 by Executive (or by Executive’s
guardian or other personal representative if Executive is physically or mentally incapable of reviewing, fully understanding, and executing the Release) within the time period described therein. Any payment or payments required to be made prior to
the sixtieth (60th) day following the date of termination of employment shall be held back and aggregately paid on the sixtieth (60th) day following the date of termination of employment. 

(b)      Executive’s Death. Executive’s employment hereunder shall terminate
upon Executive’s death. If Executive’s employment terminates under this Section F.2(b), the Bank shall pay to Executive’s estate the Accrued Obligations and shall provide the Vested Benefits. Additionally, and notwithstanding any
other provision of this Agreement, or any other agreement between the parties, if Executive’s termination pursuant to this Section F.2(b) occurs, any Incentive Cash Award, stock options, restricted stock, and/or time and performance based
restricted stock units that would have vested pursuant to the terms of this Agreement (including by using Company performance results as they exist at the time of such termination) within twelve (12) months following the date of such
termination pursuant to this Section F.2(b) will immediately vest upon Executive’s termination pursuant to this Section F.2(b), and payment of any Incentive Cash Award that vests will be made on the sixtieth (60th) day following the date of
termination of employment. Such accelerated vesting of awards and payment of any Incentive Cash Award are contingent upon execution of the Release described in Section F.5 by the executor or administrator of Executive’s estate within the time
period described therein. Executive (and his estate, successors and beneficiaries) shall not have the right to receive any other compensation or benefits for any period after the termination pursuant to this Section F.2(b). 

3.      For Cause. The Company may terminate immediately Executive’s employment
hereunder for “Cause”, if the Board of Directors of either the Bank or CVB reasonably determines that Executive has: 

(i)      willfully committed a significant act of dishonesty, deceit or breach of fiduciary
duty in the performance of Executive’s duties as an employee of the Company; 

  
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 (ii)      grossly neglected or willfully
failed in any way to perform substantially the duties of such employment after a written demand for performance is given to Executive by the Board of Directors of the Bank or CVB which demand specifically identifies the manner in which such Board of
Directors believes Executive has failed to perform his duties; or 
 (iii)      willfully
acted or failed to act in any other way that violates Executive’s duties under this Agreement and that materially and adversely affects the Company. 

In the event of a termination of Executive’s employment by the Company under this Section F.3, the Board of Directors
shall deliver to Executive, at the time Executive is notified of the termination of his employment, a written statement setting forth in reasonable detail the facts and circumstances claimed by the Company to provide a basis for the termination of
Executive’s employment under this Section F.3. 
 “Cause,” as defined in this Section F.3, shall not
include or be predicated upon any act or omission by Executive which is taken or made: (a) at the direction of the Board of Directors; (b) in accordance with the advice of the Company’s corporate or outside legal counsel; (c) in
good faith under the Executive’s reasonable belief that such action or omission was in the best interests of the Company; or (d) to comply with a lawful order, subpoena, or directive from a federal, state or local government or regulatory
agency or court. 
 If Executive’s employment terminates under this Section F.3, the Bank shall pay Executive the
Accrued Obligations and shall provide the Vested Benefits. Executive shall not have the right to receive any other compensation or benefits for any period after the termination pursuant to this Section F.3. Any termination under this Section F.3
shall not prejudice any remedy which the Company may otherwise have at law, in equity, or under this Agreement. 

4.      Upon a Change in Control. 

(a)      Except for any termination pursuant to Sections F.2 or F.3 hereof, and provided that
Executive complies with Sections G.1 and G.4. below, if either (i) Executive’s employment with the Company is terminated by the Bank or CVB without Cause within one (1) year prior to the completion of a Change in Control (as defined
below) or (ii) within one (1) year after the completion of a Change in Control, Executive’s employment with the Company is (x) terminated by the Bank or CVB or any successor to the Bank or CVB without Cause, or (y) Executive
resigns his employment with the Bank and CVB for Good Reason, as defined below, then, in either case, in addition to the Accrued Obligations and the Vested Benefits, Executive shall be entitled to receive an amount equal to three times
Executive’s annual base salary for the last calendar year ended immediately 

  
 - 13 - 

 
preceding the Change in Control (whether or not payment is deferred). Such amounts shall be paid (without interest or other adjustment) in equal installments on the Bank’s (or its
successor’s) normal payroll dates during the twelve (12) month period immediately following such termination. Such payments are contingent upon Executive’s execution of the Release described in Section F.5 within the time period
described therein. Further, upon any Change in Control (as defined below), with or without Executive’s termination before or after such Change in Control, all of Executive’s Incentive Cash Award (at the $1,000,000 target amount), stock
options and RSUs, as described in Sections C.3, C.4 and C.7 herein, shall become due and/or vest fully and immediately, and all of Executive’s PRSUs, as described in Section C.5 herein, for any Performance Period that has not ended prior to the
Change in Control shall vest immediately for the target number of shares, and for any Performance Period that has ended, but for which the vesting date has not occurred prior to the Change in Control, shall vest immediately for the number of shares
based on the Company’s actual performance during the Performance Period, in each case without any other condition precedent. Any payment or payments required to be made prior to the sixtieth (60th) day following the date of termination of
employment shall be held back and aggregately paid on the sixtieth (60th) day following the date of termination of employment. If Executive is entitled to payments under this Section F.4 as a result of a termination of his employment occurring prior
to the completion of a Change in Control, such payments shall be made in accordance with Section F.1 prior to the completion of the Change in Control, and a makeup payment of the difference between the payments provided under Section F.1 and the
payments required by this Section F.4 for the period prior to the completion of the Change in Control shall be made on the Bank’s (or its successor’s) first normal payroll date following the completion of the Change in Control. 

(b)      A “Change in Control” shall be deemed to have occurred on the earliest
date on which the conditions set forth in any of the following paragraphs shall have been satisfied: 

(i)      any one person, or more than one person acting as a group, acquires (or has acquired
during the 12 month period ending on the date of the most recent acquisition) ownership of stock of CVB or the Bank possessing more than 50% of the total voting power of CVB’s or the Bank’s stock; provided, however, it is expressly
acknowledged by Executive that this provision shall not be applicable to any person who is, as of the date of this Agreement, a Director of CVB or the Bank; 

(ii)      a majority of the members of CVB’s Board of Directors is replaced during any
12 month period by directors whose appointment or election is not endorsed by a majority of the members of CVB’s Board prior to the date of the appointment or election; 

(iii)      a merger or consolidation where the holders of the Bank’s or CVB’s
voting stock immediately prior to the effective date of such merger or consolidation own less than 50% of the voting stock of the entity surviving such merger or consolidation; 

  
 - 14 - 

 (iv)      any one person, or more than one
person acting as a group, acquires (or has acquired during the twelve month period ending on the date of the most recent acquisition by such person or persons) assets from the Bank that have a total gross fair market value greater than 50% of the
total gross fair market value of all of the Bank’s assets immediately before the acquisition or acquisitions; provided, however, transfer of assets that otherwise would satisfy the requirements of this subsection (iv) will not be treated
as a change in the ownership of such assets if the assets are transferred to: 
 (A)      a
shareholder of the Bank (immediately before the asset transfer) in exchange for or with respect to the stock of the Bank held by such shareholder; 

(B)      an entity, 50% or more of the total value or voting power of which is owned,
directly or indirectly by CVB or the Bank; 
 (C)      a person, or more than one person
acting as a group, that owns, directly or indirectly, 50% or more of the total value or voting power of all the outstanding stock of CVB or the Bank; or 

(D)      an entity, at least 50% of the total value or voting power is owned, directly or
indirectly by a person (or group of persons) that owns, directly or indirectly, 50% or more of the total value or voting power of all the outstanding stock of the Bank. 

Each event comprising a Change in Control is intended to constitute a “change in ownership or effective control”,
or a “change in the ownership of a substantial portion of the assets,” of CVB or the Bank as such terms are defined for purposes of Section 409A of the Internal Revenue Code and “Change in Control” as used herein shall be
interpreted consistently therewith. 
 Notwithstanding the foregoing, a Change in Control shall not be deemed to occur as
a result of any transaction which merely changes the jurisdiction of incorporation of CVB or the Bank. 

(c)      “Good Reason” shall mean, for purposes of this Agreement: 

(i)      Executive’s then current level of annual base salary is reduced without
Executive’s written consent; 
 (ii)      there is an (relative to Executive’s
annual base salary) overall reduction in the employee benefits provided to Executive (including, without limitation, the benefits set forth in the DC Plan (including, but not limited to, any elections made by Executive pursuant to the DC Plan and
the DC Plan’s minimum interest rate guarantee), life insurance and health insurance, and incentive bonus opportunity) from the plans and benefits in effect immediately prior to the Change in Control; 

  
 - 15 - 

 (iii)    Executive suffers a diminution in his title,
authority, duties or responsibilities, or is required to report in any capacity to an officer or employee of the Bank or its successor and not directly and solely to the Board of Directors of the Bank or its successor; 

(iv)    Any of Executive’s salary payments, bonus payments, stock option grants and/or restricted stock
unit grants, including any and all time and performance based restricted stock units, are not made or provided timely and in accordance either with this Agreement or applicable law; 

(v)      the relocation of the location to which Executive is required to report to a location
more than fifty (50) miles from the Executive’s work location at the time of the Effective Date; 
 (vi) the
Company or any successor to the Company either fails to assume or communicates that it intends to refuse to assume any part of this Agreement, including all of the Company’s or its successor’s obligations as set forth herein, except as
otherwise required by law or regulation; 
 (vii)  the Company or any successor to the Company either changes or
refuses to assume, or communicates that it intends to change or refuse to assume or to comply with, any part of the DC Plan (including, but not limited to, any elections made by Executive pursuant to the DC Plan; or 

(viii)       any material breach of this Agreement by Company or its successor. 

5.      Release. As a condition to Executive receiving any payments pursuant to
Sections F.1, F.2(a), and F.4 hereof, and to there being any accelerated vesting of any Incentive Cash Award, stock options, restricted stock, and/or time and performance based restricted stock units pursuant to Sections F.1, F.2(a) and F.2(b),
Executive (or in the case of Executive’s death, the executor or administrator of Executive’s estate, or if Executive is physically or mentally incapable of reviewing, fully understanding, and executing the Release, Executive’s
guardian or other personal representative) must execute and deliver a general release to the Company not later than forty-five (45) days following the date of termination of employment, substantially in the form attached hereto as Exhibit
A, releasing the Bank, CVB, their respective employees, officers, directors, stockholders and agents, and each person who controls any of them within the meaning of Section 15 of the Securities Act of 1933, as amended, from any and all
claims of any kind or nature, whether known or unknown (other than claims with respect to payments pursuant to Sections F.1, F.2 and F.4, payment of Accrued Obligations and provision of Vested Benefits and valid claims for indemnification under
Section G.5 of this Agreement) from the beginning of time to the date of termination. 

6.      Payment on Death. Executive may designate in writing (only on a form provided
by the Bank and delivered by the Executive to the Bank before Executive’s death) 

  
 - 16 - 

 
primary and contingent beneficiaries to receive the balance of any payment under any of Sections F.1, F.2(a) or F.4 that are not made prior to the Executive’s death and the proportions in
which such beneficiaries are to receive such payment. The total amount of the balance of such payment shall be paid to such beneficiaries in a single lump sum payment (not discounted to present value) made within ninety (90) days following
Executive’s death. Executive may change beneficiary designations from time to time by completing and delivering additional such forms to the Bank. The last written beneficiary designation delivered by Executive to the Bank prior to the
Executive’s death will control. If Executive fails to designate a beneficiary in such manner, or if no designated beneficiary survives Executive, then Executive’s payment balance shall be paid to the Executive’s estate in an lump sum
payment (not discounted to present value) within ninety (90) days following Executive’s death. The Company shall determine the timing of any payment within the ninety (90)-day period specified
herein. 
 7.      Regulatory Provisions. 

(a)      Compliance with Safety and Soundness Standards. Notwithstanding anything
contained herein to the contrary, in no event shall the total compensation paid out upon the departure of Executive be in excess of that considered by the Federal Reserve Board, the FDIC or the California Department of Business
Oversight—Division of Financial Institutions to be safe and sound at the time of such payment, taking into consideration all applicable laws, regulations, or other regulatory guidance.      Any payments made to
Executive, pursuant to this Agreement or otherwise, are subject to and conditioned upon compliance with all applicable banking regulations, including, but not limited to, 12 U.S.C. Section 1828(k) and any regulations promulgated thereunder.
Executive agrees that should any payments that are made or benefits that are provided pursuant to this Agreement be considered unsafe or unsound or otherwise prohibited by applicable law, regulation or regulatory order, Executive agrees that he
shall return or otherwise reimburse the Company for the amount of such prohibited payments or benefits to the extent required by such law, regulation or regulatory order. Without limiting the foregoing, Executive agrees to promptly comply with any
applicable rule or regulation which requires the return or reimbursement to the Company of any payments, benefits or other compensation, including, but not limited to, return or reimbursement in connection with any incentive compensation previously
paid prior to the issuance of a financial restatement as required under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Sarbanes-Oxley Act of 2002 and all regulations promulgated by any self-regulatory organization on which
CVB’s common stock may then be listed. Without limiting the foregoing, Executive agrees that after the Effective Date, in the event the Company is required to prepare an accounting restatement due to the material noncompliance of the
Company with any financial reporting requirement under federal securities laws, Executive shall return or reimburse the Company (whether or not Executive is then serving as a current executive officer of the Company) for any incentive-based
compensation (including stock options, restricted stock and restricted stock units awarded as compensation) during the 3-year period preceding the date on which the Company is required to prepare an accounting

  
 - 17 - 

 
restatement, based on the erroneous data, in excess of what would have been paid to Executive under the accounting restatement. 

(b)      Suspension and Removal Orders. If Executive is suspended and/or temporarily
prohibited from participating in the conduct of the Company’s affairs by notice served under Section 8(e)(3) or 8(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818(e)(3) and (g)(1)), the Company’s obligations
under this Agreement shall be suspended as of the date of service, unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Company shall (to the fullest extent permitted by law): (i) pay Executive the compensation
withheld while its obligations under this Agreement were suspended, as though Executive was never suspended; and (ii) reinstate (in whole or in part) any of its obligations which were suspended. If Executive is removed and/or permanently
prohibited from participating in the conduct of the Company’s affairs by an order issued under Section 8(e)(3) or 8(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1818(e)(3) or (g)(1)), all obligations of the Company
under this Agreement shall terminate as of the effective date of the order, but vested rights of the parties shall not be affected. 

(c)      Termination by Default. If the Bank is in default (as defined in
Section 3(x)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1813(x)(1)), all obligations under this Agreement shall terminate as of the date of default, but vested rights of the parties shall not be affected. 

8.      Certain Limitations. Notwithstanding any other provision of this Agreement, if
the total amounts payable pursuant to this Agreement, together with all other payments to which Executive is entitled, would constitute an “excess parachute payment” (as defined in Section 280G of the Internal Revenue Code), as
amended, such payments either (a) shall be delivered in full or (b) shall be reduced to the largest amount which may be paid without any portion of such amount being subject to the excise tax imposed by Section 4999 of the Internal
Revenue Code, whichever of the foregoing amounts, taking into account the applicable federal, state and local income and employment taxes and the excise tax imposed by Section 4999 of the Internal Revenue Code, results in the receipt by
Executive, on an after-tax basis, of the greater amount of benefits, notwithstanding that all or some portion of such benefits may be taxable under Section 4999 of the Internal Revenue Code. Any such
reduction shall be made first to the payment specified in Section F.4(a) hereof (if applicable), applied equally among each of the installments thereof. Unless CVB and Executive otherwise agree in writing, any determination required under this
Section F.8 will be made in writing by a nationally recognized accounting firm selected by CVB with Executive’s consent, which consent shall not be unreasonably withheld or delayed (the “Accountants”). For purposes of making the
calculations required by this Section F.8, the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of
the Internal Revenue Code. CVB and Executive shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make a determination under this Section F.8. CVB shall bear all fees and costs of the
Accountants 

  
 - 18 - 

 
in connection with any calculations contemplated by this Section F.8. In the event there is a dispute among the parties regarding the extent to which payments must be reduced pursuant to this
Section, such dispute shall be settled in accordance with Section G.13 herein; no such disputed payment shall be made until the dispute is settled. Any payments, however, that are not in dispute, shall be paid promptly, as otherwise required. 

9.      No Duty to Mitigate; No Offset. Executive shall not be required to mitigate
the amount of any payments to Executive provided for under Sections F.1, F.2 and F.4 of this Agreement by seeking alternative employment during the periods for which such payments are paid. In addition, the Company shall not have any right to offset
amounts earned by Executive following termination against any payments to be paid to Executive pursuant to Sections F.1, F.2 and F.4 of this Agreement in the event that Executive obtains other employment or realizes or is due any other financial
gain or profit during the periods that such payments are being paid. 

10.      Withholding Taxes. The Company will withhold federal, state, local or foreign
income taxes, FICA taxes, and any other applicable taxes from any and all payments made hereunder as required by applicable law. 

11.      Section 409A Compliance. The Company and Executive intend that any payments
and benefits that may be provided under this Section F are to be exempt from or to comply with the requirements of Section 409A of the U.S. Internal Revenue Code of 1986, as amended, and U.S. Treasury guidance issued thereunder
(“Section 409A”) so as not to result in the imposition of any tax, interest charge or other assessment, penalty or addition under Section 409A. In this regard, the following provisions shall apply to this Agreement. 

(a)      For purposes of determining the date on which any payment is to be made or benefit
provided under this Agreement, references to “termination of employment,” “employment terminates” and similar terms shall mean “separation from service” as defined for purposes of Section 409A. Any payments under
Sections F.1, F.2 or F.4 shall be made or shall commence only after Executive has a “separation from service” with the Company as defined under Section 409A. 

(b)      Each payment provided under this Section F shall be treated as a separate
“payment” (separate from any other payment from the Company to Executive, whether or not under this Agreement) for purposes of Section 409A. Neither the Company nor Executive shall have the right to accelerate or defer the delivery of
any such payment except to the extent specifically permitted or required by Section 409A. 

(c)      It is intended that each payment that may become due under Section F.2 will qualify
and be treated as “disability pay” or “death benefits” within the meaning of Treasury Regulation Section 1.409A-1(a)(5) to the maximum extent permissible under Section 409A. 

(d)      Notwithstanding anything to the contrary in this Agreement, to the extent required
to comply with Section 409A, if, as of the date of Executive’s separation 

  
 - 19 - 

 
from service with the Company, Executive is a “specified employee” (for purposes of Section 409A(a)(2)(B)), then each payment under this Section F that is considered to be a
payment of non-qualified deferred compensation in connection with a separation from service with the Company that otherwise would have been payable at any time during the
six-month period immediately following such separation from service shall not be paid prior to, and shall instead be payable in a lump sum as soon as practicable following, the expiration of such six-month period (or, if earlier, upon Executive’s death). This six-month delay shall not apply to any payment that is a short-term deferral within the meaning of
Treasury Regulation Section 1.409A-1(b)(4) or “disability pay” or “death benefits” within the meaning of Treasury Regulation
Section 1.409A-1(a)(5). Additionally, such six-month delay shall not apply to any payment if and to the maximum extent that such payment is deemed to be paid under
a separation pay plan that does not provide for a deferral of compensation by reason of the application of Treasury Regulation 1.409A-1(b)(9)(iii) (relating to separation pay upon an involuntary separation
from service). Any payment that qualifies for the exception under Treasury Regulation Section 1.409A-1(b)(9)(iii) must be paid no later than the last day of the second taxable year following the taxable
year in which Executive’s separation from service occurs. 
 (e)      In addition to
any specific references to Section 409A in this Agreement, all terms and conditions of this Agreement are intended, and shall be interpreted and applied to the greatest extent possible in such manner as may be necessary, to exclude any
compensation and benefits provided by this Agreement from the definition of “deferred compensation” within the meaning of Section 409A or to comply with the provisions of Section 409A. 

G.      GENERAL PROVISIONS 

1.      Company Confidential Information and Trade Secrets. 

(a)      During his employment with the Company Executive has had access to and has become
acquainted with, and during the Term Executive will continue to have access to and to become acquainted with, what Executive and the Company acknowledge are trade secrets and other confidential and proprietary information of the Company, including
but not limited to, knowledge or data concerning the Company, its operations and business, the identity of customers of the Company, including knowledge of their financial conditions their financial needs, as well as their methods of doing business,
pricing information for the purchase or sale of assets, financing and securitization arrangements, research materials, manuals, computer programs, formulas for analyzing asset portfolios, marketing plans and tactics, salary and wage information, and
other business information (hereinafter “Confidential Information”). Executive acknowledges that all Confidential Information is and shall continue to be the exclusive property of the Company, whether or not prepared in whole or in part by
Executive. Executive shall not disclose any of the aforesaid Confidential Information, directly or indirectly, under any circumstances or by any means, to third persons without the prior written consent of the Company, or use it in any way, except
as required in the course of Executive’s employment with the Company. 

  
 - 20 - 

 (b)      Nothing in this Agreement
prohibits Executive from reporting an event that Executive reasonably and in good faith believes is a violation of law to the relevant law-enforcement agency (such as the Securities and Exchange Commission,
Equal Employment Opportunity Commission, or U.S. Department of Labor), or from cooperating in an investigation conducted by such a government agency. Executive is hereby provided notice that under the 2016 Defend Trade Secrets Act (DTSA): (i) no
individual will be held criminally or civilly liable under Federal or State trade secret law for disclosure of a trade secret (as defined under the DTSA) that: (A) is made in confidence to a Federal, State, or local government official, either
directly or indirectly, or to an attorney; and made solely for the purpose of reporting or investigating a suspected violation of law; or, (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is
made under seal so that it is not made public; and, (ii) an individual who pursues a lawsuit for retaliation by an employer for reporting a suspected violation of the law may disclose the trade secret to the attorney of the individual and use
the trade secret information in the court proceeding, if the individual files any document contain the trade secret under seal, and does not disclose the trade secret, except as permitted by court order. 

2.      Company’s Ownership in Executive’s Work. Executive agrees that all
inventions, discoveries, improvements, trade secrets, formulae, techniques, processes, and know-how, whether or not patentable, and whether or not reduced to practice, that are conceived or developed during
the Executive’s employment with the Company, either alone or jointly with others, if on the Company’s time, using the Company’s facilities, relating to the Company or to the banking industry shall be owned exclusively by the Company,
and Executive hereby assigns to the Company all of the Executive’s right, title, and interest in all such intellectual property. Executive agrees that the Company shall be the sole owner of all domestic and foreign patents or other rights
pertaining thereto, and further agrees to execute all documents that the Company reasonably determines to be necessary or convenient for use in applying for, prosecuting, perfecting, or enforcing patents or other intellectual property rights,
including the execution of any assignments, patent applications, or other documents that the Company may reasonably request. This provision is intended to be applied consistent with applicable law. 

3.      Statutory Limitation on Assignment. Executive understands that the Company is
hereby advising Executive that any provision in this Agreement requiring Executive to assign rights in any invention does not apply to an invention that qualifies fully under the provisions of Section 2870 of the California Labor Code. That
Section provides as follows: 
 “(a)      Any provision in an employment agreement
which provides that an employee shall assign, or offer to assign, any of his or her rights in an invention to his or her employer shall not apply to an invention that the employee developed entirely on his or her own time without using the
employer’s equipment, supplies facilities, or trade secret information, except for those inventions that either: 

  
 - 21 - 

 (1)      Relate at the time of conception
or reduction to practice of the invention to the employer’s business, or actual or demonstrably anticipated research or development of the employer; or 

(2)      Result from any work performed by the employee for the employer. 

(b)      To the extent a provision in an employment agreement purports to require an employee
to assign an invention otherwise excluded from being required to be assigned under subdivision (a), the provision is against the public policy of the state and is unenforceable.” 

By signing this Agreement, Executive acknowledges that this paragraph shall constitute written notice of the provisions of
Section 2870. 
 4.      Covenant Not to Solicit Customers or Fellow Employees.
If the Company or the Executive terminates this Agreement for any reason, including nonrenewal at the end of the Term, Executive agrees that, for the one (1) year period following termination of Executive’s employment with the Company,
Executive shall not use the Company’s confidential information or trade secrets to solicit the banking business of any customer with whom the Bank, CVB or a subsidiary bank is doing or has done business during the one (1) year period
preceding such termination, use such confidential information or trade secrets to encourage any such customers to stop using the facilities or services of the Company, or use such confidential information or trade secrets to encourage any such
customers to use the facilities or services of any competitor of the Company. Executive further agrees, during the term of Executive’s employment with the Company and for a one (1) year period following the termination of Executive’s
employment with the Company for any reason, including nonrenewal at the end of the Term, not to solicit the services of any officer, employee or independent contractor of the Bank or CVB. 

The covenants contained in this Section G.4 shall be considered as a series of separate covenants, one for each political
subdivision of California, and one for each entity or individual with respect to whom solicitation is prohibited. Except as provided in the previous sentence, each such separate covenant shall be deemed identical in terms to the covenant contained
in this Section G.4. If in any arbitration or judicial proceeding an arbitrator or a court refuses to enforce any of such separate covenants (or any part thereof), then such unenforceable covenant (or such part) shall be eliminated from this
Agreement to the extent necessary to permit the remaining separate covenants (or portions thereof) to be enforced. In the event that a provision of this Section G.4 or any such separate covenant or portion thereof, is determined to exceed the time,
geographic or scope limitations permitted by applicable law, then such provision shall be reformed to the maximum time, geographic or scope limitations, as the case may be, permitted by applicable law. Executive hereby consents, to the extent
Executive may lawfully do so, to the arbitral or judicial modification of this Agreement as described in this Section G.4. 

  
 - 22 - 

 5.      Indemnification. To the
fullest extent permitted by law, applicable statutes, and the Articles, Bylaws and resolutions of the Bank and CVB in effect from time to time, as applicable, the Bank and CVB shall indemnify, hold harmless and defend Executive from and against
liability, claims or loss arising out of Executive’s service, actions or omissions concerning or relative to the performance of Executive’s duties, including, but not limited to judgments, penalties, taxes, fines, settlements and
advancement of expenses incurred in the defense of actions, proceedings and appeals therefrom, except as otherwise required by law or regulation. The Bank’s and CVB’s respective obligations under this Section G.5 shall survive the
expiration or termination of this Agreement. Without limiting the foregoing provisions, Executive agrees and acknowledges that the Company’s obligation to provide indemnification herein is expressly subject to the FDIC’s limitations on
providing indemnification, including, but not limited to, such limitations in connection with any civil monetary penalties. 

6.      Return of Documents. Executive expressly agrees that all manuals, documents,
files, reports, studies, instruments or other materials used and/or developed by Executive during the Term are solely the property of the Company, and that Executive has no right, title or interest therein. Upon termination of Executive’s
employment hereunder, Executive or Executive’s representative shall make every good-faith effort to deliver possession of all of said property to the Company in good condition, as promptly as possible. 

7.      Notices. Any notice, request, demand or other communication required or
permitted hereunder shall be deemed to be properly given when personally served in writing, when deposited in the United States mail, registered or certified, postage prepaid, addressed to the party to whom it is directed at the address listed
below, or by facsimile, to the number specified below. Either party may change its address by written notice in accordance with this Paragraph. 
 If
to the Bank and CVB: 
 Citizens Business Bank and CVB Financial Corp. 

701 N. Haven Avenue, Suite 350 
 Ontario, California 91764

 Attention: Chairman of the Board 
 Telephone: (909) 980-4030 
 Facsimile: (909) 481-2130 

  
 - 23 - 

 With a copy to: 

Citizens Business Bank and CVB Financial Corp. 

701 N. Haven Avenue, Suite 350 
 Ontario, California 91764

 Attention: General Counsel 
 Telephone: (909) 980-4030 
 Facsimile:   (909) 481-2103 

If to the Executive: 
 Christopher D. Myers 

886 Deep Springs Drive 
 Claremont, California 91711 

Telephone: (909) 626-7404 

8.      California Law. This Agreement is to be governed by and construed under the
laws of the State of California, without regard to the choice of law provisions of California, except to the extent federal law mandatorily applies, in which case this Agreement shall be governed by and construed under federal law. 

9.      Captions and Paragraph Headings. Captions and paragraph headings used herein
are for convenience only and are not a part of this Agreement and shall not be used in construing it. 

10.    Invalid Provisions. Should any provision of this Agreement for any reason be declared
invalid, the validity and binding effect of any remaining portion shall not be affected, and the remaining portions of this Agreement shall remain in full force and effect as if this Agreement had been executed with said provision eliminated. 

11.    Entire Agreement. Except as provided below, this Agreement contains the entire agreement
of the parties concerning Executive’s employment with Company and Executive’s severance compensation upon termination of such employment. This Agreement supersedes any and all other agreements, understandings, negotiations and discussions,
either oral or in writing, between the parties hereto with respect to the employment of Executive by the Company and the termination of such employment, including, but not limited to, that certain Employment Agreement between Executive and Company
dated February 4, 2014, provided, however that this Agreement does not supersede any stock option agreement, restricted stock agreement, deferred compensation plan or agreement, retirement plan or program, or COBRA rights under any health care
plan or 

  
 - 24 - 

 
program under which Executive (or his beneficiaries) may be eligible to receive benefits. Each party to this Agreement acknowledges that he or it has been represented by legal counsel in entering
into this Agreement, that no representations, inducements, promises, or agreements, oral or otherwise, have been made by any party, or anyone acting on behalf of any party, which are not embodied herein, and that no other agreement, statement, or
promise not contained in this Agreement shall be valid or binding. This Agreement may not be modified or amended by oral agreement, but only by an agreement in writing signed by an authorized representative of the Company and Executive. 

12.    Receipt of Agreement. Each of the parties hereto acknowledges that it or he has read this
Agreement in its entirety and does hereby acknowledge receipt of a fully executed copy thereof. A fully executed copy shall be an original for all purposes, and is a duplicate original. 

13.    Arbitration. Executive and the Company agree that, to the fullest extent permitted by
law, Executive and the Company will submit all disputes arising under this Agreement or arising out of or related to Executive’s employment with or separation from the Bank and/or CVB , to final and binding arbitration in Ontario, California
before an arbitrator associated with the American Arbitration Association, JAMS or other mutually agreeable alternative dispute resolution service. Included within this provision are any claims based on violation of local, state or federal law, such
as claims for discrimination or civil rights violations under Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Americans with Disabilities Act, the California Fair Employment and Housing Act, the California
Labor Code, or similar statutes. If there is a dispute as to whether an issue or claim is arbitrable, the arbitrator will have the authority to resolve any such dispute, including claims as to fraud in the inducement or execution, or claims as to
validity, construction, interpretation or enforceability. 
 The arbitrator selected shall have the authority to grant
Executive or the Company or both all remedies otherwise available by law. The arbitrator will be selected from a neutral panel pursuant to the National Rules for the Resolution of Employment Disputes of the American Arbitration Association or
similar rules of the selected service (“Rules of Selected Service”). Such rules can be obtained from the Bank’s Human Resources Department or from the applicable Selected Service’s website. The arbitration will be conducted in
accordance with the Rules of Selected Service Notwithstanding anything to the contrary in the Rules of Selected Service, however, the arbitration shall provide (i) for written discovery and depositions adequate to give the parties access to
documents and witnesses that are essential to the dispute and (ii) for a written decision by the arbitrator that includes the essential findings and conclusions upon which the decision is based. The arbitrator’s award shall be enforceable
in any court having jurisdiction thereof. The parties shall each bear their own costs and attorneys’ fees incurred in conducting the arbitration and, except in such disputes where Executive asserts a claim otherwise under a state or federal
statute prohibiting discrimination, harassment or retaliation in employment or the Company’s failure to pay wages (“a Statutory Claim”), or unless required otherwise by applicable law, shall split equally the fees and administrative
costs charged by the arbitrator and the 

  
 - 25 - 

 
applicable arbitration service. In disputes where Executive asserts a Statutory Claim against the Company, or where otherwise required by law, Executive shall be required to pay only the
applicable arbitration service filing fee to the extent such filing fee does not exceed the fee to file a complaint in state or federal court. The Company shall pay the balance of the arbitrator’s fees and administrative costs. To the extent
permissible under applicable law, however, and following the arbitrator’s ruling on the matter, the arbitrator may rule that the arbitrator’s fees and costs be distributed in an alternative manner, which in the case of a Statutory Claim
shall be permitted only to the extent that such fee or cost award is permitted by the underlying statute upon which the Statutory Claim is based. In any arbitration brought under this Section, and only to the extent permissible under applicable law,
including the law upon which the claim is based, the prevailing party shall be entitled to recover its reasonable attorneys’ fees and costs. The arbitrator shall apply the same standard with respect to the awarding of fees and costs, including
whether such award is permitted, and against which party, as would be awarded if such claim had been asserted in state or federal court. This mutual arbitration agreement does not prohibit or limit either the Executive’s or the Company’s
right to seek equitable relief from a court, including, but not limited to, injunctive relief, a temporary restraining order, or other interim or conservatory relief, pending the resolution of a dispute by arbitration. Accordingly, either party may
seek provisional remedies pursuant to California Code of Civil Procedure § 1281.8(b). There will be no right or authority for any claim subject to arbitration to be heard or arbitrated on a class or collective basis, as a private attorney
general, or in a representative capacity on behalf of any other person or entity. The arbitrator shall have no authority to add to or to modify the terms described in this Paragraph, shall apply all applicable law, and shall have no lesser and no
greater remedial authority than would a court of law resolving the same claim or controversy. 
 Notwithstanding any
other provision of this Agreement, claims may be brought before and remedies awarded by an administrative agency if applicable law permits access to such an agency notwithstanding the existence of an agreement to arbitrate. Such administrative
claims include, without, limitation, claims or charges brought before the Equal Employment Opportunity Commission, the U.S. Department of Labor, the National Labor Relations Board, or the Office of Federal Contract Compliance Programs. Nothing in
this Agreement shall be deemed to preclude or excuse either Executive or the Company from bringing an administrative claim before any agency in order to fulfill Executive’s or the Company’s obligation to exhaust administrative remedies
before making a claim in arbitration. Disputes that may not be subject to predispute arbitration agreement as provided by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Public Law 111-203) are
excluded from the coverage of this Section G.13 as well. 
 14.    Successors and Assigns. The
rights and obligations of the Company under this Agreement shall inure to the benefit of and shall be binding upon the successors and assigns of the Company. Executive shall not be entitled to assign any of Executive’s rights or obligations
under this Agreement without the Company’s written consent, provided that upon Executive’s death, Executive’s named beneficiaries, estate or heirs, as the case may 

  
 - 26 - 

 
be, shall succeed to Executive’s rights and benefits under this Agreement as and to the extent expressly set forth in this Agreement. 

15.    Applicability of Agreement. This Agreement does not create, and shall not be construed as
creating, any rights enforceable by a person not a party to this Agreement (except as specifically provided in this Agreement). 

16.    Attorneys’ Fees. In any action to enforce the terms of this Agreement, the
prevailing party shall be awarded his or its reasonable attorneys’ costs and fees. 
 [REMAINDER OF PAGE BLANK] 

  
 - 27 - 

 IN WITNESS WHEREOF, the Bank and CVB have caused this Agreement to be executed by a duly
authorized officer or representative and Executive has executed this Agreement to be effective as of the Effective Date. 
  

							
	 Dated: September 12, 2018
	 		 	 CITIZENS BUSINESS BANK

				
		 		 	 By:
	 	  

		 		 		 	 Name: Raymond V. O’Brien III

		 		 		 	 Title: Chairman of Board of Directors

			
	 Dated: September 12, 2018
	 		 	 CVB FINANCIAL CORP.

				
		 		 	 By:
	 	  

		 		 		 	 Name: Raymond V. O’Brien III

		 		 		 	 Title: Chairman of Board of Directors

			
		 		 	 EXECUTIVE

			
	 Dated: September 12, 2018
	 		 	  

		 		 	 CHRISTOPHER D. MYERS

  
 - 28 - 

 EXHIBIT A 

FORM OF WAIVER AND RELEASE AGREEMENT 

This Waiver and Release Agreement (the “Agreement”) is entered into by and between Christopher D. Myers (hereinafter
“Executive”), on the one hand, and CVB Financial Corp. and Citizens Business Bank (hereinafter collectively, the “Company”), on the other hand, as required by Paragraph F.5. of the Employment Agreement entered into between
Executive and the Company on September 12, 2018 (the “Employment Agreement”).     

1.      Termination of Employment. Effective ____________ (the “Termination Date”), the
Executive’s employment with the Company shall end and Executive will no longer be employed by the Company in any capacity. 

2.      Severance Pay. Provided that Executive has satisfied, in all material respects, all of the
requirements contained in his Employment Agreement regarding his receipt of severance pay, including Section G of the Employment Agreement and its sub-paragraphs, (which are incorporated herein as though set
forth in full), the Company agrees that, eight days after receipt by the Company of a signed original of this Agreement and provided that Executive does not revoke this Agreement as set forth in Paragraph 6, below, the Company shall pay to Executive
severance pay in the amount of $______________ [insert amount determined pursuant to paragraph F.1, F.2(a) or F.4 of the Employment Agreement, whichever is applicable] [add if termination pursuant to paragraph F.1 of the Employment Agreement: (which
amount is subject to increase to $__________ [insert amount determined pursuant to paragraph F.4 of the Employment Agreement] in the event of a Change in Control (as defined in the Employment Agreement) occurring within one (1) year following
the Termination Date)], less all applicable state and federal withholdings (“Severance Pay”). Such Severance Pay shall be paid at the times and in the fashion described in [the applicable paragraph(s)] of the Employment Agreement.
Executive understands and agrees that the Severance Pay provided to Executive under the terms of this Agreement is in addition to anything of value to which Executive is otherwise entitled and that Executive would not receive the Severance Pay
except for Executive’s agreement to sign this Agreement and to fulfill the promises set forth herein. 

3.      Warranty. Executive acknowledges that, other than the Severance Pay set forth in Paragraph 2,
above, he has received all wages, compensation and other benefits due him as a result of his employment with and separation from the Company. 

4.      Release of Known and Unknown Claims. In exchange for the agreements contained in this Agreement
and the additional vesting of equity awards as specified in [the applicable paragraph(s)] of the Employment Agreement, Executive agrees unconditionally and forever to release and discharge the Company and the Company’s affiliated, related,
parent and subsidiary corporations, as well as the Company’s and any affiliated, related, parent and subsidiary corporation’s respective attorneys, agents, representatives, partners, joint venturers, successors, assigns, insurers, owners,
employees, officers, and directors, past and present (hereinafter the “Releasees”) from any and all claims, actions, causes of action, demands, rights, 

  
 - 29 - 

 
or damages of any kind or nature which he may now have, or ever have, whether known or unknown, including any claims, causes of action or demands of any nature arising out of or in any way
relating to Executive’s employment with, or separation from the Company on or before the date of the execution of this Agreement. 

This release specifically includes, but is not limited to, any claims for fraud; breach of contract; breach of implied covenant of good faith
and fair dealing; inducement of breach; interference with contract; wrongful or unlawful discharge or demotion; violation of public policy; assault and battery (sexual or otherwise); invasion of privacy; intentional or negligent infliction of
emotional distress; intentional or negligent misrepresentation; conspiracy; failure to pay wages, benefits, vacation pay, severance pay, attorneys’ fees, or other compensation of any sort; retaliation, discrimination or harassment on the basis
of age, race, color, sex, gender, national origin, ancestry, religion, disability, handicap, medical condition, marital status, sexual orientation or any other protected category; any claim under Title VII of the Civil Rights Act of 1964, as
amended, the Americans with Disabilities Act, the Age Discrimination in Employment Act, the Older Workers Benefit Protection Act, the California Fair Employment and Housing Act, the California Labor Code, the California Family Rights Act, the Family
and Medical Leave Act, or Section 1981 of Title 42 of the United States Code; violation of COBRA; violation of any safety and health laws, statutes or regulations; violation of ERISA; violation of the Internal Revenue Code; or any other
wrongful conduct, based upon events occurring prior to the date of execution of this Agreement. 
 Executive further agrees knowingly to
waive the provisions and protections of Section 1542 of the California Civil Code, which reads: 
 A GENERAL RELEASE DOES NOT EXTEND
TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH, IF KNOWN BY HIM OR HER, MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR. 

This release of claims does not include any claim which cannot be waived by private agreement. Nothing in this release of claims shall be
construed as prohibiting Executive from making a future claim with the Equal Employment Opportunity Commission or any similar state agency including, but not limited to the California Department of Fair Employment and Housing, or from cooperating
with such agency in any investigation or proceeding; provided, however, that should Executive pursue such an administrative action against the Releasees, or any of them, Executive agrees and acknowledges that, to the extent permitted by applicable
law, he will not seek, nor shall he be entitled to recover, any monetary damages from any such proceeding. In addition, this Agreement does not apply to any claims for unemployment compensation benefits, workers compensation benefits, health
insurance benefits under the Consolidated Omnibus Budget Reconciliation Act (COBRA), claims for payment of Accrued Obligations and provision of Vested Benefits (as such terms are defined in the Employment Agreement), claims for payment of Severance
Pay in accordance with this release and [the applicable paragraph(s)] of the Employment Agreement, claims with regard to vested benefits under a retirement plan governed by the Employee Retirement Income Security Act (ERISA) or claims for

  
 - 30 - 

 
indemnification as described in Paragraph G.5. of the Employment Agreement, which is incorporated herein as though set forth in full. 

5.      Knowing and Voluntary. Executive represents and agrees that he is entering into this Agreement
knowingly and voluntarily. Executive affirms that no promise or inducement was made to cause him to enter into this Agreement, other than the Severance Pay promised to Executive in this Agreement. Executive further confirms that he has not relied
upon any other statement or representation by anyone other than what is in this Agreement as a basis for his agreement. 

6.      Knowing and Voluntary Waiver of Age Discrimination Claim. Executive expressly acknowledges:

 •            that he has been provided Twenty-One (21) days to consider this Agreement, 

•            that he was informed to consult with counsel
regarding this Agreement; 
 •            that he
has had the opportunity to consult with counsel; 

•            that to the extent Executive has taken fewer
than Twenty-One (21) days to consider this Agreement, Executive acknowledges that he has had sufficient time to consider the Agreement and to consult with counsel and that he does not desire additional
time; 
 •            that he was informed that the
Agreement is revocable by Executive for a period of seven (7) calendar days following his execution of this Agreement; 

•            that any revocation must be in writing, must
specifically revoke this Agreement, and must be received by the Company (attn: Human Resources, 701 North Haven Avenue, Ontario, CA 91764) prior to the eighth calendar day following the execution of this Agreement; 

•            that Executive understands that if he revokes
this Agreement, he will not receive the Severance Pay; and 

•            that this Agreement becomes effective,
enforceable and irrevocable on the eighth calendar day following Executive’s execution of this Agreement provided that Executive does not revoke the Agreement. 

7.      Governing Law. This Agreement shall be construed under the laws of the State of California, both
procedural and substantive. 
 8.      Confidentiality. Executive agrees not to disclose the existence
of this Agreement or any of its terms to anyone other than his attorneys, accountants and immediate family members, or where compelled by an order of a court of competent jurisdiction or a subpoena issued under the authority thereof. 

  
 - 31 - 

 9.      Cooperation in Defense of the Company. The
terms of Paragraph B.4. of the Employment Agreement are incorporated herein as if set forth in full. 

10.    Waiver. The failure to enforce any provision of this Agreement shall not be construed to be a waiver of
such provision or to affect the validity of this Agreement or the right of any party to enforce this Agreement. 

11.    Modification. No amendments to this Agreement will be valid unless written and signed by Executive and an
authorized representative of the Company. 
 12.    Severability. If any sentence, phrase, paragraph,
subparagraph or portion of this Agreement is found to be illegal or unenforceable, such action shall not affect the validity or enforceability of the remaining sentences, phrases, paragraphs, subparagraphs or portions of this Agreement. 

13.    Entire Agreement/Integration. This Agreement, any confidentiality, proprietary information, or inventions
agreements signed by Executive during his employment with the Company (all of which survive the termination of the employment relationship), and all relevant portions of the Employment Agreement which survive the termination of the employment
relationship (Sections G.1 through G.15, inclusive), constitute the entire agreement between Executive and the Company concerning the terms of Executive’s employment with and separation from the Company and the compensation related thereto. All
prior discussions and negotiations have been and are merged and integrated into, and are superseded by, this Agreement. 

14.    Arbitration. Any and all disputes or claims arising out of or in any way related to this Agreement
including, without limitation, fraud in the inducement of this Agreement, or relating to the general validity or enforceability of this Agreement, shall be submitted to final and binding arbitration before an arbitrator as set forth in Paragraph
G.13. of the Employment Agreement, which is incorporated herein as thought set forth in full. 

15.    Attorneys’ Fees. In any action to enforce the terms of this Agreement, the prevailing party shall be
awarded his or its reasonable attorneys’ costs and fees. 
 [REMAINDER OF PAGE BLANK] 

  
 - 32 - 

 PLEASE READ CAREFULLY. THIS AGREEMENT CONTAINS A RELEASE OF ALL KNOWN AND UNKNOWN
CLAIMS. THE UNDERSIGNED AGREE TO THE TERMS OF THIS AGREEMENT AND VOLUNTARILY ENTER INTO IT WITH THE INTENT TO BE BOUND THEREBY. 
  

									
	 CHRISTOPHER D. MYERS
	 		  		 	
				
	  
	 		  	 Date:
	 	
                      
          

				
	 CITIZENS BUSINESS BANK
	 		  		 	
					
	 By:
	 	
                  
   
	 		  	 Date:
	 	
                      
          

	 Its:
	 		 		  		 	
				
	 CVB FINANCIAL CORP
	 		  		 	
					
	 By:
	 	  
	 		  	 Date:
	 	
                      
          

	 Its:
	 		 		  		 	

  
 - 33 -Exhibit 10.1

 

SECURITIES PURCHASE AGREEMENT

 

This SECURITIES
PURCHASE AGREEMENT (the “Agreement”), dated as of September 6, 2018, by and between Nightfood Holdings,
Inc., a Nevada corporation, with headquarters located at 520 White Plains Road, Suite 500, Tarrytown, NY 10591, (the “Company”),
and EAGLE EQUITIES, LLC, a Nevada limited liability company, with its address at 91 Shelton Ave, Suite 107, New Haven, CT
06511 (the “Buyer”).

 

WHEREAS:

 

A. The Company and
the Buyer are executing and delivering this Agreement in reliance upon the exemption from securities registration afforded by the
rules and regulations as promulgated by the United States Securities and Exchange Commission (the “SEC”) under the
Securities Act of 1933, as amended (the “1933 Act”);

 

B. Buyer desires to
purchase and the Company desires to issue and sell, upon the terms and conditions set forth in this Agreement an 8% convertible
note of the Company, in the form attached hereto as Exhibit A in the aggregate principal amount of $78,000.00 (together
with any note(s) issued in replacement thereof or as a dividend thereon or otherwise with respect thereto in accordance with the
terms thereof, the “Note”), convertible into shares of common stock, of the Company (the “Common Stock”),
upon the terms and subject to the limitations and conditions set forth in such Note. The Note shall be paid for by the Buyer as
set forth herein.

 

C. The Buyer wishes
to purchase, upon the terms and conditions stated in this Agreement, such principal amount of Note as is set forth immediately
below its name on the signature pages hereto; and

 

NOW THEREFORE,
the Company and the Buyer severally (and not jointly) hereby agree as follows:

 

1. Purchase and Sale
of Note.

 

a. Purchase of Note.
On each Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the
Company such principal amount of Note as is set forth immediately below the Buyer’s name on the signature pages hereto.

 

b. Form of Payment.
On the Closing Date (as defined below), (i) the Buyer shall pay the purchase price for the Note to be issued and sold to it at
the Closing (as defined below) (the “Purchase Price”) by wire transfer of immediately available funds to the Company,
in accordance with the Company’s written wiring instructions, against delivery of the Note in the principal amount equal
to the Purchase Price as is set forth immediately below the Buyer’s name on the signature pages hereto, and (ii) the
Company shall deliver such duly executed Note on behalf of the Company, to the Buyer, against delivery of such Purchas e Price.

 

c. Closing Date. The date and time
of the first issuance and sale of the Note pursuant to this Agreement (the “Closing Date”) shall be on or about September
6, 2018, or such other mutually agreed upon time. The closing of the transactions contemplated by this Agreement (the “Closing”)
shall occur on the Closing Date at such location as may be agreed to by the parties.

 

_____

Company Initials

 

     

     

    

 

2. Buyer’s Representations
and Warranties. The Buyer represents and warrants to the Company that:

 

a. Investment Purpose.
As of the date hereof, the Buyer is purchasing the Note and the shares of Common Stock issuable upon conversion of or otherwise
pursuant to the Note, such shares of Common Stock being collectively referred to herein as the “Conversion Shares”
and, collectively with the Note, the “Securities”) for its own account and not with a present view towards the public
sale or distribution thereof, except pursuant to sales registered or exempted from registration under the 1933 Act; provided,
however, that by making the representations herein, the Buyer does not agree to hold any of the Securities for any minimum
or other specific term and reserves the right to dispose of the Securities at any time in accordance with or pursuant to a registration
statement or an exemption under the 1933 Act.

 

b. Accredited Investor
Status. The Buyer is an “accredited investor” as that term is defined in Rule 501(a) of Regulation D (an “Accredited
Investor”). Any of Buyer’s transferees, assignees, or purchasers must be “accredited investors” in order
to qualify as prospective transferees, permitted assignees in the case of Buyer’s or Holder’s transfer, assignment
or sale of the Note.

 

c. Reliance on Exemptions.
The Buyer understands that the Securities are being offered and sold to it in reliance upon specific exemptions from the registration
requirements of United States federal and state securities laws and that the Company is relying upon the truth and accuracy of,
and the Buyer’s compliance with, the representations, warranties, agreements, acknowledgments and understandings of the Buyer
set forth herein in order to determine the availability of such exemptions and the eligibility of the Buyer to acquire the Securities.

 

d. Information.
The Buyer and its advisors, if any, have been, and for so long as the Note remain outstanding will continue to be, furnished with
all materials relating to the business, finances and operations of the Company and materials relating to the offer and sale of
the Securities which have been requested by the Buyer or its advisors. The Buyer and its advisors, if any, have been, and for so
long as the Note remain outstanding will continue to be, afforded the opportunity to ask questions of the Company. Notwithstanding
the foregoing, the Company has not disclosed to the Buyer any material nonpublic information and will not disclose such information
unless such information is disclosed to the public prior to or promptly following such disclosure to the Buyer. Neither such inquiries
nor any other due diligence investigation conducted by Buyer or any of its advisors or representatives shall modify, amend or affect
Buyer’s right to rely on the Company’s representations and warranties contained in Section 3 below. The Buyer understands
that its investment in the Securities involves a significant degree of risk. The Buyer is not aware of any facts that may constitute
a breach of any of the Company’s representations and warranties made herein.

 

e. Governmental
Review. The Buyer understands that no United States federal or state agency or any other government or governmental agency
has passed upon or made any recommendation or endorsement of the Securities.

 

    	 	2	 

     

    

 

f. Transfer or
Re-sale. The Buyer understands that (i) the sale or re-sale of the Securities has not been and is not being registered under
the 1933 Act or any applicable state securities laws, and the Securities may not be transferred unless (a) the Securities
are sold pursuant to an effective registration statement under the 1933 Act, (b) in the case of subparagraphs (c), (d) and
(e) below, the Buyer shall have delivered to the Company, at the cost of the Buyer, an opinion of counsel that shall be in form,
substance and scope customary for opinions of counsel in comparable transactions to the effect that the Securities to be sold
or transferred may be sold, or transferred pursuant to an exemption from such registration, including the removal of any restrictive
legend which opinion shall be accepted by the Company, (c) the Securities are sold or transferred to an “affiliate”
(as defined in Rule 144 promulgated under the 1933 Act (or a successor rule) (“Rule 144”) of the Buyer who agrees
to sell or otherwise transfer the Securities only in accordance with this Section 2(f) and who is an Accredited Investor, (d) the
Securities are sold pursuant to Rule 144, or (e) the Securities are sold pursuant to Regulation S under the 1933 Act (or
a successor rule) (“Regulation S”); (ii) any sale of such Securities made in reliance on Rule 144 may be made only
in accordance with the terms of said Rule and further, if said Rule is not applicable, any re-sale of such Securities under circumstances
in which the seller (or the person through whom the sale is made) may be deemed to be an underwriter (as that term is defined
in the 1933 Act) may require compliance with some other exemption under the 1933 Act or the rules and regulations of the SEC thereunder;
and (iii) neither the Company nor any other person is under any obligation to register such Securities under the 1933 Act or any
state securities laws or to comply with the terms and conditions of any exemption thereunder (in each case). Notwithstanding the
foregoing or anything else contained herein to the contrary, the Securities may be pledged as collateral in connection with a
bona fide margin account or other lending arrangement.

 

g. Legends.
The Buyer understands that the Note and, until such time as the Conversion Shares have been registered under the 1933 Act will
be sold pursuant to Rule 144 or Regulation S without any restriction as to the number of securities as of a particular date that
can then be immediately sold, the Conversion Shares may bear a restrictive legend in substantially the following form (and a stop-transfer
order may be placed against transfer of the certificates for such Securities):

 

“NEITHER THE ISSUANCE AND SALE
OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE HAVE BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE,
SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE
FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING
THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT
SECURED BY THE SECURITIES.”

 

    	 	3	 

     

    

 

The legend set forth
above shall be removed and the Company shall issue a certificate without such legend to the holder of any Security upon which it
is stamped, if, unless otherwise required by applicable state securities laws, (a) such Security is registered for sale under an
effective registration statement filed under the 1933 Act or otherwise may be sold pursuant to Rule 144 or Regulation S without
any restriction as to the number of securities as of a particular date that can then be immediately sold, and (b) such holder provides
the Company with an opinion of counsel, in form, substance and scope customary for opinions of counsel in comparable transactions,
to the effect that a public sale or transfer of such Security may be made without registration under the 1933 Act, and that legend
removal is appropriate, which opinion shall be accepted by the Company so that the sale or transfer is effected. The Buyer agrees
to sell all Securities, including those represented by a certificate(s) from which the legend has been removed, in compliance with
applicable prospectus delivery requirements, if any. In the event that the Company does not accept the opinion of counsel provided
by the Buyer with respect to the transfer of Securities pursuant to an exemption from registration, such as Rule 144 or Regulation
S, within 2 business days, it will be considered an Event of Default under the Note.

 

h. Authorization;
Enforcement. This Agreement has been duly and validly authorized. This Agreement has been duly executed and delivered on behalf
of the Buyer, and this Agreement constitutes a valid and binding agreement of the Buyer enforceable in accordance with its terms.

 

i. Residency.
The Buyer is a resident of the jurisdiction set forth immediately below the Buyer’s name on the signature pages hereto.

 

j. No Short Sales.
Buyer/Holder, its successors and assigns, agrees that so long as the Note remains outstanding, neither the Buyer/Holder nor any
of its affiliates shall not enter into or effect “short sales” of the Common Stock or hedging transaction which establishes
a short position with respect to the Common Stock of the Company. The Company acknowledges and agrees that upon delivery of a Conversion
Notice by the Buyer/Holder, the Buyer/Holder immediately owns the shares of Common Stock described in the Conversion Notice and
any sale of those shares issuable under such Conversion Notice would not be considered short sales.

 

3. Representations
and Warranties of the Company. The Company represents and warrants to the Buyer that:

 

a. Organization
and Qualification. The Company and each of its subsidiaries, if any, is a corporation duly organized, validly existing and
in good standing under the laws of the jurisdiction in which it is incorporated, with full power and authority (corporate and other)
to own, lease, use and operate its properties and to carry on its business as and where now owned, leased, used, operated and conducted.

 

    	 	4	 

     

    

 

b. Authorization;
Enforcement. (i) The Company has all requisite corporate power and authority to enter into and perform this Agreement, the
Note and to consummate the transactions contemplated hereby and thereby and to issue the Securities, in accordance with the terms
hereof and thereof, (ii) the execution and delivery of this Agreement, the Note by the Company and the consummation by it of the
transactions contemplated hereby and thereby (including without limitation, the issuance of the Note and the issuance and reservation
for issuance of the Conversion Shares issuable upon conversion or exercise thereof) have been duly authorized by the Company’s
Board of Directors and no further consent or authorization of the Company, its Board of Directors, or its shareholders is required,
(iii) this Agreement has been duly executed and delivered by the Company by its authorized representative, and such authorized
representative is the true and official representative with authority to sign this Agreement and the other documents executed in
connection herewith and bind the Company accordingly, and (iv) this Agreement constitutes, and upon execution and delivery by the
Company of the Note, each of such instruments will constitute, a legal, valid and binding obligation of the Company enforceable
against the Company in accordance with its terms.

 

c. Issuance of Shares.
The Conversion Shares are duly authorized and reserved for issuance and, upon conversion of the Note in accordance with its respective
terms, will be validly issued, fully paid and non-assessable, and free from all taxes, liens, claims and encumbrances with respect
to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Company and will
not impose personal liability upon the holder thereof.

 

d. Acknowledgment
of Dilution. The Company understands and acknowledges the potentially dilutive effect to the Common Stock upon the issuance
of the Conversion Shares upon conversion of the Note. The Company further acknowledges that its obligation to issue Conversion
Shares upon conversion of the Note in accordance with this Agreement, the Note is absolute and unconditional regardless of the
dilutive effect that such issuance may have on the ownership interests of other shareholders of the Company.

 

e. No Conflicts.
The execution, delivery and performance of this Agreement, the Note by the Company and the consummation by the Company of the transactions
contemplated hereby and thereby (including, without limitation, the issuance and reservation for issuance of the Conversion Shares)
will not (i) conflict with or result in a violation of any provision of the Certificate of Incorporation or By-laws, or (ii) violate
or conflict with, or result in a breach of any provision of, or constitute a default (or an event which with notice or lapse of
time or both could become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation
of, any agreement, indenture, patent, patent license or instrument to which the Company or any of its Subsidiaries is a party,
or (iii) result in a violation of any law, rule, regulation, order, judgment or decree (including federal and state securities
laws and regulations and regulations of any self-regulatory organizations to which the Company or its securities are subject) applicable
to the Company or any of its Subsidiaries or by which any property or asset of the Company or any of its Subsidiaries is bound
or affected (except for such conflicts, defaults, terminations, amendments, accelerations, cancellations and violations as would
not, individually or in the aggregate, have a Material Adverse Effect). All consents, authorizations, orders, filings and registrations
which the Company is required to obtain pursuant to the preceding sentence have been obtained or effected on or prior to the date
hereof. The Company is not in violation of the listing requirements of the OTC Markets Exchange (the “OTC MARKETS”)
and does not reasonably anticipate that the Common Stock will be delisted by the OTC MARKETS in the foreseeable future, nor are
the Company’s securities “chilled” by FINRA. The Company and its Subsidiaries are unaware of any facts or circumstances
which might give rise to any of the foregoing.

 

    	 	5	 

     

    

 

f. Absence of Litigation.
Except as disclosed in the Company’s Periodic Report filings with the SEC, there is no action, suit, claim, proceeding, inquiry
or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the
knowledge of the Company or any of its subsidiaries, threatened against or affecting the Company or any of its subsidiaries, or
their officers or directors in their capacity as such, that could have a material adverse effect. Schedule 3(f) contains a complete
list and summary description of any pending or, to the knowledge of the Company, threatened proceeding against or affecting the
Company or any of its subsidiaries, without regard to whether it would have a material adverse effect. The Company and its subsidiaries
are unaware of any facts or circumstances which might give rise to any of the foregoing.

 

g. Acknowledgment
Regarding Buyer’ Purchase of Securities. The Company acknowledges and agrees that the Buyer is acting solely in the capacity
of arm’s length purchasers with respect to this Agreement and the transactions contemplated hereby. The Company further acknowledges
that the Buyer is not acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with respect to this
Agreement and the transactions contemplated hereby and any statement made by the Buyer or any of its respective representatives
or agents in connection with this Agreement and the transactions contemplated hereby is not advice or a recommendation and is merely
incidental to the Buyer’ purchase of the Securities. The Company further represents to the Buyer that the Company’s
decision to enter into this Agreement has been based solely on the independent evaluation of the Company and its representatives.

 

h. No Integrated
Offering. Neither the Company, nor any of its affiliates, nor any person acting on its or their behalf, has directly or indirectly
made any offers or sales in any security or solicited any offers to buy any security under circumstances that would require registration
under the 1933 Act of the issuance of the Securities to the Buyer.

 

    	 	6	 

     

    

 

i. Title to Property.
The Company and its subsidiaries have good and marketable title in fee simple to all real property and good and marketable title
to all personal property owned by them which is material to the business of the Company and its subsidiaries, in each case free
and clear of all liens, encumbrances and defects except such as are described in Schedule 3(i) or such as would not have a material
adverse effect. Any real property and facilities held under lease by the Company and its subsidiaries are held by them under valid,
subsisting and enforceable leases with such exceptions as would not have a material adverse effect.

 

j. Bad Actor.
No officer or director of the Company would be disqualified under Rule 506(d) of the Securities Act as amended on the basis of
being a “bad actor” as that term is established in the September 19, 2013 Small Entity Compliance Guide published
by the Securities and Exchange Commission.

 

k. Breach of Representations
and Warranties by the Company. If the Company breaches any of the representations or warranties set forth in this Section 3,
and in addition to any other remedies available to the Buyer pursuant to this Agreement, it will be considered an Event of default
under the Note.

 

4. COVENANTS.

 

a. Expenses.
At the Closing, the Company shall reimburse Buyer for expenses incurred by them in connection with the negotiation, preparation,
execution, delivery and performance of this Agreement and the other agreements to be executed in connection herewith (“Documents”),
including, without limitation, reasonable attorneys’ and consultants’ fees and expenses, transfer agent fees, fees
for stock quotation services, fees relating to any amendments or modifications of the Documents or any consents or waivers of provisions
in the Documents, fees for the preparation of opinions of counsel, escrow fees, and costs of restructuring the transactions contemplated
by the Documents. When possible, the Company must pay these fees directly, otherwise the Company must make immediate payment for
reimbursement to the Buyer for all fees and expenses immediately upon written notice by the Buyer or the submission of an invoice
by the Buyer.

 

b. Listing.
The Company shall promptly secure the listing of the Conversion Shares upon each national securities exchange or automated quotation
system, if any, upon which shares of Common Stock are then listed (subject to official notice of issuance) and, so long as the
Buyer owns any of the Note Securities, shall maintain, so long as any other shares of Common Stock shall be so listed, such listing
of all Conversion Shares from time to time issuable upon conversion of the Note. The Company will obtain and, so long as the Buyer
owns any of the Securities, maintain the listing and trading of its Common Stock on the OTC MARKETS or any equivalent replacement
market, the Nasdaq stock market (“Nasdaq”), or the New York Stock Exchange (“NYSE”), and will comply in
all respects with the Company’s reporting, filing and other obligations under the bylaws or rules of the Financial Industry
Regulatory Authority (“FINRA”) and such exchanges, as applicable. The Company shall promptly provide to the Buyer copies
of any notices it receives from the OTC MARKETS and any other markets on which the Common Stock is then listed regarding the continued
eligibility of the Common Stock for listing on such markets.

 

    	 	7	 

     

    

 

c. Corporate Existence.
So long as the Buyer beneficially owns the Note, the Company shall maintain its corporate existence and shall not sell all or substantially
all of the Company’s assets, except in the event of a merger or consolidation or sale of all or substantially all of the
Company’s assets, where the surviving or successor entity in such transaction (i) assumes the Company’s obligations
hereunder and under the agreements and instruments entered into in connection herewith and (ii) is a publicly traded corporation
whose Common Stock is listed for trading on the OTC MARKETS, Nasdaq or NYSE.

 

d. No Integration.
The Company shall not make any offers or sales of any security (other than the Securities) under circumstances that would require
registration of the Securities being offered or sold hereunder under the 1933 Act or cause the offering of the Securities to be
integrated with any other offering of securities by the Company for the purpose of any stockholder approval provision applicable
to the Company or its securities.

 

e. Breach of Covenants.
If the Company breaches any of the covenants set forth in this Section 4, and in addition to any other remedies available to the
Buyer pursuant to this Agreement, it will be considered an event of default under the Note.

 

5. Governing
Law; Miscellaneous.

 

a. Governing Law.
This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada without regard to principles
of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated by this Agreement
shall be brought only in the state courts of New York or in the federal courts located in the state and county of New York. The
parties to this Agreement hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and
shall not assert any defense based on lack of jurisdiction or venue or based upon forum non conveniens. The Company and
Buyer waive trial by jury. The prevailing party shall be entitled to recover from the other party its reasonable attorney’s fees
and costs. In the event that any provision of this Agreement or any other agreement delivered in connection herewith is invalid
or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that
it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may
prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement.
Each party hereby irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding
in connection with this Agreement or any other Transaction Document by mailing a copy thereof via registered or certified mail
or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement
and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein
shall be deemed to limit in any way any right to serve process in any other manner permitted by law.

 

    	 	8	 

     

    

 

b. Counterparts;
Signatures by Facsimile. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original
but all of which shall constitute one and the same agreement and shall become effective when counterparts have been signed by each
party and delivered to the other party. This Agreement, once executed by a party, may be delivered to the other party hereto by
facsimile transmission of a copy of this Agreement bearing the signature of the party so delivering this Agreement.

 

c. Headings.
The headings of this Agreement are for convenience of reference only and shall not form part of, or affect the interpretation of,
this Agreement.

 

d. Severability.
In the event that any provision of this Agreement is invalid or unenforceable under any applicable statute or rule of law, then
such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform
with such statute or rule of law. Any provision hereof which may prove invalid or unenforceable under any law shall not affect
the validity or enforceability of any other provision hereof.

  

e. Entire Agreement;
Amendments. This Agreement and the instruments referenced herein contain the entire understanding of the parties with respect
to the matters covered herein and therein and, except as specifically set forth herein or therein, neither the Company nor the
Buyer makes any representation, warranty, covenant or undertaking with respect to such matters. No provision of this Agreement
may be waived or amended other than by an instrument in writing signed by the majority in interest of the Buyer.

 

f. Notices.
All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing
and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return
receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, (iv) via electronic
mail or (v) transmitted by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such
party shall have specified most recently by written notice. Any notice or other communication required or permitted to be given
hereunder shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the
transmitting facsimile machine, at the address or number designated below (if delivered on a business day during normal business
hours where such notice is to be received) or delivery via electronic mail, or the first business day following such delivery (if
delivered other than on a business day during normal business hours where such notice is to be received) or (b) on the second business
day following the date of mailing by express courier service, fully prepaid, addressed to such address, or upon actual receipt
of such mailing, whichever shall first occur. The addresses for such communications shall be:

 

If to the
Company, to:

 

Nightfood
Holdings, Inc.

520 White
Plains Road, Suite 500

Tarrytown,
NY 10591

Attn: Sean
Folkson, CEO

 

    	 	9	 

     

    

 

And

 

Frank J. Hariton, Esq.

1065 Dobbs Ferry Road

White Plains,
New York 10607

 

If to the Buyer:

 

EAGLE EQUITIES, LLC

91 Shelton
Ave, Suite 107

New Haven,
CT 06511

Attn: Yakov
Borenstein

 

Each party shall provide
notice to the other party of any change in address.

 

g. Successors and
Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and assigns. Neither
the Company nor the Buyer shall assign this Agreement or any rights or obligations hereunder without the prior written consent
of the other. Notwithstanding the foregoing, the Buyer may assign its rights hereunder to any “qualified person”, any
“permitted assigns”, or “prospective transferee” that acquires or purchases Note Securities in a private
transaction from the Buyer or to any of its “affiliates,” as that term is defined under the 1934 Act, without the consent
of the Company with Buyer’s Opinion of Counsel. A qualified person is an “accredited investor” transferee, assignee,
or purchaser of the Note who succeeds to the Holder’s right, title and interest to all or a portion of the Note accompanied
with an Opinion of Counsel as provided for in Section 2(f).

 

h. Third Party Beneficiaries.
This Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is
not for the benefit of, nor may any provision hereof be enforced by, any other person.

 

i. Survival.
The representations and warranties of the Company and the agreements and covenants set forth in this Agreement shall survive the
closing hereunder notwithstanding any due diligence investigation conducted by or on behalf of the Buyer. The Company agrees to
indemnify and hold harmless the Buyer and all their officers, directors, employees and agents for loss or damage arising as a result
of or related to any breach or alleged breach by the Company of any of its representations, warranties and covenants set forth
in this Agreement or any of its covenants and obligations under this Agreement, including advancement of expenses as they are incurred.

 

j. Further Assurances.
Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver
all such other agreements, certificates, instruments and documents, as the other party may reasonably request in order to carry
out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.

  

k. No Strict Construction.
The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and
no rules of strict construction will be applied against any party.

 

l. Remedies. The Company acknowledges
that a breach by it of its obligations hereunder will cause irreparable harm to the Buyer by vitiating the intent and purpose of
the transaction contemplated hereby. Accordingly, the Company acknowledges that the remedy at law for a breach of its obligations
under this Agreement will be inadequate and agrees, in the event of a breach or threatened breach by the Company of the provisions
of this Agreement, that the Buyer shall be entitled, in addition to all other available remedies at law or in equity, and in addition
to the penalties assessable herein, to an injunction or injunctions restraining, preventing or curing any breach of this Agreement
and to enforce specifically the terms and provisions hereof, without the necessity of showing economic loss and without any bond
or other security being required.

 

    	 	10	 

     

    

IN WITNESS WHEREOF, the undersigned Buyer and the Company have caused this Agreement to be duly executed as of the date first
above written.

 

	NIGHTFOOD HOLDINGS, INC.	 
	 	 	 
	By:	 	 
	Name:	Sean Folkson, CEO	 
	 	 	 
	EAGLE EQUITIES, LLC	 
	 	 	 
	By:	 	 
	Name:	Yakov Borenstein 	 
	Title:	Manager	 

  

	AGGREGATE SUBSCRIPTION AMOUNT:	 	$	78,000.00	 
	 	 	 	 	 
	Principal Amount of Note:	 	 	 	 
	 	 	 	 	 
	Aggregate Purchase Price:	 	$	78,000.00	 

  

Note: $78,000.00, less $3,000.00 in legal
fees

 

 

 

 

 

 

 

 

 

 

 

 

    	 	11	 

     

    

 

 

EXHIBIT A

144 NOTE - $78,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	12

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