Document:

Exhibit 10.8

 

BAY COMMERCIAL
BANK

 

Award
Agreement

 

(2014 Equity Incentive Plan)

 

Date of Award: ____________________.

 

_______________________________, Eligible Individual:

 

Bay Commercial Bank (the
“Bank”) has this day granted to you, the “Eligible Individual” named above, an award (“Award”)
of shares of the Common Stock of the Bank, par value $0.01 per share (“Common Stock”), pursuant and subject to the
terms and conditions set forth in this Award Agreement and in the 2014 Equity Incentive Plan (the “2014 Plan”). The
Award of Common Stock hereunder (“Restricted Stock”) represents the right to receive that number of shares of the Common
Stock in the Company indicated below and subject to the vesting and forfeiture provisions in the 2014 Plan and in Section 3 of
this Award Agreement. This Award of Restricted Stock does not qualify within the meaning of Section 422 of the Internal Revenue
Code of 1986, as amended (the “Code”) and is exempt from the requirements of Section 409A of the Code. Capitalized
terms used herein and not otherwise defined shall have the same meanings given to such terms in the 2014 Plan.

 

The details of your Award
are as follows:

 

1.          The
total number of shares of Restricted Stock subject to this Award is _________________________________________.

 

2.          The
fair value of the Award is $_______ per share, which is not less than the Fair Market Value of the Common Stock on the date of
this Award (as determined under the 2014 Plan).

 

3.          Subject
to the vesting and forfeiture limitations contained herein and in the 2014 Plan, as amended from time to time, the Restricted Stock
granted hereunder shall vest with respect to each installment shown below on or after the date of vesting applicable to such installment,
as follows:

 

    	 	 	 

     

    

  

	

Number of Shares

(Installment)	 	Date of Vesting
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

Any Restricted Stock that is subject to the
vesting schedule set forth above and which has not yet vested shall be forfeited and reacquired by the Bank on the earlier to occur
of (a) ninety (90) days after your Separation from Service (as defined in the 2014 Plan) with the Bank for any reason, unless such
termination is due to your permanent and total disability (within the meaning of Section 22(e)(3) of the Code) in which case the
Award shall vest in full, or (b) the date of your Separation of Service if such termination is for Cause (as defined in the 2014
Plan), in which case the Award shall terminate on the date of such Separation of Service.

 

4.          The
Restricted Stock Award is not assignable, saleable or transferable, except by will or by the laws of descent and distribution.
The Eligible Individual may, in the manner established by the Committee, designate a beneficiary or beneficiaries to exercise the
rights of the Eligible Individual, and to receive any property distributable, with respect to any Award upon the death of the Eligible
Individual. The terms of this Award shall be binding on the executors, administrators, heirs and successors of the Eligible Individual.

 

5.          Any
notices provided for in this Award or the 2014 Plan shall be given in writing and shall be deemed effectively given upon receipt
or, in the case of notices delivered by the Bank to you, five (5) days after deposit in the United States mail, postage prepaid,
addressed to you at the address specified below or at such other address as you hereafter designate by written notice to the Bank.

 

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6.          An
Eligible Individual holding an outstanding Award of Restricted Stock shall be entitled to (i) receive all dividends and distributions
paid in respect of shares of Common Stock underlying such award; provided, that if any such dividends or distributions are paid
in shares of Common Stock or other securities, such shares and other securities shall be subject to the same vesting and other
restrictions as apply to the Restricted Stock with respect to which they were paid, and (ii) exercise full voting rights and other
rights as a stockholder with respect to the shares of Common Stock underlying such Award during the period during which such shares
remain subject to restriction.

 

7.          Except
as otherwise expressly agreed, this Award is subject to all the provisions of the 2014 Plan, a copy of which is attached hereto,
and its provisions are hereby made a part of this Award, including without limitation, the provisions of the 2014 Plan relating
to Award provisions, and is further subject to all interpretations, amendments, rules and regulations which may from time to time
be promulgated and adopted pursuant to the 2014 Plan. In the event of any conflict between the provisions of this Award and those
of the 2014 Plan, the provisions of the 2014 Plan shall control.

 

8.          The
Bank is not providing you with advice, warranties, or representations regarding any of the legal or tax effects to you with respect
to this Award. You are encouraged to seek legal and tax advice from your own legal and tax advisers as soon as possible.

 

9.          By
accepting this Award and the shares of Common Stock covered thereby, and by signing this instrument, you acknowledge that you are
familiar with the terms of this Award and the 2014 Plan, that you have been encouraged by the Bank to discuss the Award and the
2014 Plan with your own legal and tax advisers, and that you agree to be bound by the terms of this Award and the 2014 Plan.

 

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If all or any one of the
preceding conditions are not satisfied while Eligible Individual holds the Award of Restricted Stock, all unvested shares granted
in this Award shall terminate on the 90th day following the date that the Bank gives Eligible Individual notice of such
termination.

 

	 	BAY COMMERCIAL BANK

 

	 	By: 	 

	 	Name:	Keary Colwell
	 	Title:	Chief Administrative Officer,
	 	 	Chief Financial Officer, and
	 	 	Executive Vice President

 

ACKNOWLEDGEMENT:

 

The undersigned Eligible
Individual:

 

(a)          Acknowledges
receipt of the foregoing Award and understands that all rights and liabilities with respect to this Award are set forth in the
Award and the 2014 Plan; and

 

(b)          Acknowledges
that as of the date of grant of this Award, it sets forth the entire understanding between the undersigned Eligible Individual
and the Bank and its affiliates regarding this Award Agreement and supersedes all prior oral and written agreements on that subject.

 

	 	 
	Eligible Individual	 

 

	Address:	 	 
	 	 	 
	 	 	 

 

Attachments: Bay Commercial Bank 2014 Equity Incentive Plan.

  

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DESIGNATION OF BENEFICIARIES

 

Date:    ______________

 

Eligible Individual:    ____________________

 

The Eligible Individual designates the following
beneficiary or beneficiaries to exercise the rights pursuant to the Award Agreement dated ___________________, to receive any property
distributable, with respect to any Award upon the death of the Eligible Individual.

 

	 	Name	 	Relationship	 	Contact Information	 	Percentage
	 	 	 	 	 	 	 	 
	.

	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	.

	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	.

	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	.

	 	 	 	 	 	 	 

 

The Eligible Participant designates the foregoing
individuals as beneficiaries to the Award under the Award Agreement dated: __________________ and attached hereto.

 

	 	 
	 	Eligible Individual

 

    	 	5Exhibit 10.9

 

BAYCOM CORP

AMENDED AND RESTATED

 

2017 OMNIBUS EQUITY INCENTIVE PLAN

 

The purposes of the BayCom
Corp Amended and Restated 2017 Omnibus Equity Incentive Plan (the “Plan”) are to foster and promote the long-term financial
success of BayCom Corp (“BCML”) and its wholly- owned subsidiary, United Business Bank (the “Bank”) and
its affiliates and materially increase shareholder value by (i) motivating superior performance by Participants, (ii) providing
Participants with an ownership interest in BCML and the Bank, and (iii) enabling the Bank to attract and retain the services of
outstanding employees upon whose judgment, interest and special effort the successful conduct of its operations is largely dependent.
As used in the Plan, “BCML” may sometimes refer jointly and severally to BCML, Bank and any other affiliate, as the
context may require. It is intended that the arrangements being provided hereunder be exempt from adverse income tax consequences
for the Plan Participants under Section 409A of the Internal Revenue Code added by legislation entitled American Jobs Creation
Act of 2004 Public Law 108-357, 118 Stat., which imposes various requirements affecting non-qualified deferred compensation programs
as defined thereunder.

 

This Plan was initially
approved by the Board of Directors of BCML on October 17, 2017 and was subsequently approved by the stockholders of BCML. The Plan
was amended and restated effective as of January 16, 2018.

 

ARTICLE I

DEFINITIONS

 

In addition to the terms
defined in the preamble above and elsewhere in the Plan, the following capitalized terms used in this Plan have the meanings set
forth below. Except when otherwise indicated by the context, reference to the masculine gender shall include, when used, the feminine
gender and any term used in the singular shall also include the plural.

 

“Annual Short-Term
Cash Incentive Award” shall mean a cash Award granted to a Participant based on the achievement of annual Performance
Goals such as those outlined in Section 9.2.

 

“Award Agreement”
means any written (or electronic) agreement, contract, certificate or other instrument or document evidencing any Award granted
under the Plan, which may, but need not, be executed or acknowledged by a Participant.

 

“Award”
means any Option, SAR, award of Restricted Stock or Restricted Stock Units, Stock Award, Other Stock-Based Award, or Performance
Award or Deferral Award granted under the Plan.

 

“Board”
or “Board of Directors” means the Board of Directors of BCML, as it may be constituted from time to time.

 

    	 	 	 

     

    

  

“Cause”
means, except as otherwise defined in an Award Agreement, with respect to any Participant (as determined by the Committee in its
sole discretion) (i) the continued and willful failure of the Participant substantially to perform the duties of his or her employment
or service for BCML or the Bank (other than any such failure due to the Participant’s disability); (ii) the participant’s
engaging in willful or serious misconduct that has caused or could reasonably be expected to result in material injury to BCML
or any of its affiliates, including, but not limited to by way of damage to BCML’s or an affiliate’s reputation or
public standing; (iii) the Participant’s conviction of, or entering a plea of guilty or nolo contendere to, a crime constituting
a felony or (iv) the Participant’s material violation or breach of BCML’s or any affiliate’s code of conduct
or ethics or other BCML policy or rule or the material breach by the Participant of any of his or her obligation sunder any written
covenant or agreement with BCML or any of its affiliates; or (v) any failure by the Participant to cooperate, if requested by BCML,
with any investigation or inquiry into the Participant’s or BCML’s business practices, whether internal or external,
including, but not limited to, the Participant’s refusal to be deposed or to provide testimony at any trial or inquiry, provided
that, with respect to any Participant who is a party to an employment agreement or service contract with BCML or any affiliates,
“Cause” shall have the meaning specified in such agreement.

 

“Change of Control”
shall have the meaning set forth in Article XII below.

 

“Code”
means the Internal Revenue Code of 1986, as amended and in effect from time to time, or any successor statute.

 

“Committee”
means the HR/Compensation Committee of the Board of Directors, or any successor committee thereto, or such other committee of the
Board of Directors as is appointed or designated by the Board to administer the Plan; provided, however, that the number of members
of the Committee and their qualifications shall at all times that BCML or its officers and directors, by reason of their status
as officers or directors of BCML, are subject to such laws, satisfy the requirements for exemptions under Rule 16b-3 and tax deductibility
under Section 162(m). The full Board may perform any function of the Committee hereunder, except with respect to matters which
under Rule 16b-3, Section 162(m) or other applicable law (including stock exchange rules) are required to be determined in the
sole discretion of the Committee.

 

“Common Stock”
means the common stock, par value $0.01 per share (as such par value may be adjusted from time to time), of BCML.

 

“Covered Person”
means an Eligible Individual who is determined by the Committee to be a “covered employee” as defined in Section 162(m)
for the purpose of receiving performance-based compensation complying with Section 162(m).

 

“Deferral Award”
means any compensation payment (whether regular compensation or other bonus or Performance Award) which would otherwise be fully
vested (or become fully vested) but which the Participant is allowed by the Committee to further defer taxation of such Award through
any non-qualified deferred compensation arrangement as described in Section 10.1 below.

 

“Eligible Individual”
means any Employee, Non-Employee Director or natural person who is a consultant to BCML or its affiliates.

 

“Employee”
means any officer or other employee of the Bank.

 

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“Exchange Act”
means the Securities Exchange Act of 1934, as amended.

 

“Fair Market Value”
of a share of Common Stock as of any date and unless otherwise determined by the Committee, shall be determined as follows:

 

(i)          If
the Common Stock is listed on any established stock exchange, system or market, the Fair Market Value of a share of Common Stock
shall be (1) the closing price for a share of Common Stock as quoted on such exchange, system or market, as reported in the Wall
Street Journal or other such source as the Committee deems reliable, on the date on which such value is being determined or the
last trading day immediately before such day; (2) the sale price for the last sale before or the first sale after the time on which
such value is being determined; or (3) such other reasonable method using actual transactions in such market as reported by such
market as may be determined by the Committee.

 

(ii)         In
the absence of an established market for shares of Common Stock, the Fair Market Value of a share of Common Stock shall be determined
in good faith by the Committee by a reasonable valuation method, taking into account factors consistent with Treas. Reg. §
1.409A- 1(b)(5)(iv)(B) as the Committee deems appropriate.

 

In all cases involving benefits
under this Plan that are deemed subject to Section 409A, Fair Market Value shall be determined in accordance with Treas. Reg. §
1.409A-1(b)(5)(iv).

 

“Incentive Stock
Option” or “ISO” means an option granted under Article V designated by the Committee as an incentive
stock option within the meaning of Section 422 of the Code or any successor provision thereto and qualifying thereunder.

 

“Non-Employee Director”
means a member of the Board who is not an Employee.

 

“Non-Qualified
Stock Option” means an option granted under Article V that is not designated as an incentive stock option by the Committee,
or an option that is designated as an incentive stock option to the extent such option does not comply with the provisions of Section
422 of the Code.

 

“Option”
means an Incentive Stock Option or a Non-Qualified Stock Option.

 

“Other Stock-Based
Award” means any right granted under Section 8.2.

 

“Participant”
means any Eligible Individual who has been granted an Award under the Plan which remains outstanding, including a person who is
no longer an Eligible Individual.

 

“Performance Award” shall
have the meaning set forth in Section 9.1 below.

 

“Person”
means any individual, corporation, joint venture, association, partnership, limited liability company, joint stock company, trust,
unincorporated organization or government or any agency or political subdivision thereof.

 

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“Reporting Person”
means any Eligible Individual subject to Section 16 of the Exchange Act with respect to BCML.

 

“Restricted Stock”
means a grant of shares of Common Stock pursuant to Article VI which is subject to certain restrictions and to a risk of forfeiture.

 

“Restricted Stock
Unit” means a contractual right underlying an Award granted under Article VII that is denominated in shares of Common
Stock, which unit represents a right to receive a share of Common Stock (or the value of a share of Common Stock) upon the terms
and conditions set forth in the Plan and the applicable Award Agreement.

 

“Rule 16b-3”
means Rule 16b-3, as from time to time in effect and applicable to Participants, promulgated by the Securities and Exchange Commission
under Section 16 of the Exchange Act.

 

“SAR”
or “Stock Appreciation Right” means the right to receive a payment in cash or shares of Common Stock equal to
the amount of appreciation, if any, in the Fair Market Value of a share of Common Stock from the date of grant of the right to
the date of its payment, and which may be awarded to Eligible Individuals under Article V.

 

“SAR Strike Price”
means the Fair Market Value of a Share of Common Stock on the date of the grant of a SAR or Stock Appreciation Right.

 

“Section 162(m)”
means Section 162(m) of the Code and regulations promulgated thereunder.

 

“Section 409A”
means Section 409A of the Code and regulations promulgated thereunder.

 

“Separation from
Service” means (i) with respect to an Eligible Individual who is an employee of the Bank, the termination of his employment
or reduction of his services with the Bank (and any other affiliated entities that are deemed to constitute a “service recipient”
as defined in Treas. Reg. Section 1.409A-1(h)(3)) that constitutes a “separation from service” within the meaning of
Treas. Reg. Section 1.409A-l(h)(l), (ii) with respect to an Eligible Individual who is a consultant of the Bank, the expiration
of his contract or contracts under which services are performed that constitutes a “separation from service” within
the meaning of Treas. Reg. Section 1.409A-1(h)(2), or (iii) with respect to an Eligible Individual who is a Non- Employee Director,
the date on which such Non-Employee Director ceases to be a member of the Board for any reason.

 

“Specified Employee”
means “specified employee” as such term is defined in Section 409A.

 

“Stock Award”
means award of shares of Common Stock pursuant to Section 8.1.

 

“Substitute Award”
means an Award granted in assumption of, or in substitution for, an outstanding award previously granted by a Person acquired by
the Bank or with which the Bank combines.

 

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“Successor”
means the legal representative of an incompetent Participant and, if the Participant is deceased, the legal representative of the
estate of the Participant or the person or persons who may, by bequest or inheritance, or under the terms of an Award or of forms
submitted by the Participant to the Committee, acquire the right to receive cash and/or shares of Common Stock issuable in satisfaction
of an Award.

 

“Treas. Reg.”
means regulations promulgated from time to time by the U.S. Secretary of the Treasury with regard to provisions of the Code.

 

ARTICLE II

ADMINISTRATION

 

2.1          Generally.
The Committee shall have the authority to control and manage the operation and administration of the Plan; provided, however, that
all acts and authority of the Committee pursuant to this Plan are subject to the provisions of the Committee’s charter, as
amended from time to time, and such other authority as may be delegated to the Committee by the Board.

 

2.2          Grant
of Awards. The Committee has the exclusive power to make Awards, to determine when and to which Eligible Individuals Awards
will be granted, the types of Awards and the number of shares of Common Stock covered by the Awards, to establish the terms, conditions,
performance criteria, restrictions, and other provisions of such Awards, and, subject to the terms of the Plan and applicable law,
to cancel, suspend or amend existing Awards.

 

2.3          Section
162(m). Subject to the provisions of the Plan, the Committee will have the authority and discretion to determine the extent
to which Awards under the Plan will be structured to conform to the requirements applicable to performance-based compensation as
described in Section 162(m), and to take such action, establish such procedures, and impose such restrictions as necessary to conform
to such requirements. Notwithstanding any provision of the Plan to the contrary, if an Award under this Plan is intended to qualify
as performance-based compensation under Section 162(m) and the regulations issued thereunder and a provision of this Plan would
prevent such Award from so qualifying, such provision shall be administered, interpreted and construed to carry out such intention
(or disregarded to the extent such provision cannot be so administered, interpreted or construed). In making the foregoing determinations,
the Committee shall take into account the provisions of the Tax Cuts and Jobs Act, which eliminated the performance-based compensation
exemption from Section 162(m) for taxable years beginning after December 31, 2017, other than pursuant to written binding contracts
that were in effect on November 2, 2017.

 

2.4          Payment
of Awards. The Committee may, subject to Section 12.3, determine whether, to what extent and under what circumstances Awards
may be settled, paid or exercised in cash, shares of Common Stock or other Awards or other property, or canceled, forfeited or
suspended.

 

2.5          Interpretation.
The Committee has the authority to interpret the Plan and any Award made under the Plan, to establish, amend, waive and rescind
any rules and regulations relating to the administration of the Plan, to determine the terms and provisions of any Award Agreements
entered into hereunder (not inconsistent with the Plan), to amend the terms and provisions of any such Award Agreement (not inconsistent
with the Plan) and to make all other determinations necessary or advisable for the administration of the Plan. The Committee may
correct any defect, supply any omission or reconcile any inconsistency in the Plan or in any Award in the manner and to the extent
it deems desirable. The determinations of the Committee in the administration of the Plan as described herein will be final, binding
and conclusive on all interested parties.

 

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2.6          Delegation
of Authority. Except to the extent prohibited by applicable law or regulation, the Committee may allocate all or any portion
of its responsibilities and powers to anyone or more of its members and may delegate all or any part of its responsibilities and
powers to any person or persons selected by it; provided, however, the Committee shall not delegate any such authority with respect
to any Awards made to a Reporting Person. The Committee may revoke any such allocation or delegation at any time.

 

2.7          Cooperation.
BCML and any affiliate will, to the fullest extent permitted by law, furnish the Committee with such data and information as may
be required for it to discharge its duties. The records of the Bank and any affiliate as to an Eligible Individual’s employment,
or other provision of services, termination of employment, or cessation of the provision of services, leave of absence, reemployment
and compensation will be conclusive on all persons unless determined to be incorrect. Participants and other persons entitled to
benefit under the Plan must furnish the Committee such evidence, data or information as the Committee considers desirable to carry
out the terms of the Plan.

 

2.8          Indemnification.
To the fullest extent permitted by law, each member and former member of the Committee and each person to whom the Committee delegates
or has delegated authority under this Plan shall be entitled to indemnification by the Bank against and from any loss, liability,
judgment, damage, cost and reasonable expense incurred by such member, former member or other person by reason of any action taken,
failure to act or determination made in good faith under or with respect to this Plan.

 

ARTICLE III

SHARES AVAILABLE FOR AWARDS

 

3.1          Number.
Subject to adjustment as provided in Section 3.4, the maximum number of shares of Common Stock that may be delivered pursuant to
Awards granted under the Plan is 450,000 Shares. Common Stock to be issued under the Plan may be made available from authorized
but unissued shares of Common Stock, shares of Common Stock held by BCML in its treasury, or shares of Common Stock purchased by
BCML on the open market or otherwise.

 

3.2          Award
Limitations. In no event shall the aggregate Awards granted to any individual Participant for any fiscal year exceed the lesser
of 50,000 shares of Common Stock or $2,000,000 in fair market value. Further, in no event shall the aggregate amount of Awards
granted to any individual member of the Board of Directors of BCML for any fiscal year exceed 25,000 shares of Common Stock. The
Committee may specify other limitations on grants of Awards under this Plan in its sole discretion, including such limitations
as may be necessary to comply with applicable law and regulations and to preserve certain tax benefits.

 

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3.3          Share
Counting. If any shares of Common Stock covered by an Award other than a Substitute Award, or to which such an Award relates,
terminate, lapse or are forfeited or cancelled, (but excluding shares for an Award that is otherwise settled without the delivery
of the full number of shares of Common Stock underlying the Award), then the shares of Common Stock covered by such Award, or to
which such Award relates, to the extent of any such forfeiture, termination, lapse, cancellation, etc., shall again be, or shall
become available for issuance under the Plan. Shares of Common Stock underlying Substitute Awards shall not reduce the number of
shares of Common Stock available for delivery under this Plan. Shares of Common Stock delivered in payment of the purchase price
in connection with the exercise of Options or shares of Common Stock delivered or withheld to pay tax-withholding obligations or
otherwise under the Plan shall not be added to and shall not increase the number of shares of Common Stock available for purposes
of the Plan.

 

3.4          Adjustments.
In the event that the Committee shall determine that any dividend or other distribution (whether in the form of cash, shares of
Common Stock, other securities, or other property), recapitalization, share split, reverse share split, reorganization, merger,
consolidation, split-up, spin-off, combination, repurchase or exchange of shares of Common Stock or other securities of BCML, issuance
of warrants or other rights to purchase shares of Common Stock or other securities of BCML, or other similar corporate transaction
or event affects the shares of Common Stock such that an adjustment is determined by the Committee to be appropriate in order to
prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan, then the Committee
shall, in such manner as it may deem equitable, adjust any or all of: (i) the number and type of shares of Common Stock (or other
securities or property) which thereafter may be made the subject of Awards, including without limitation the individual limits
set forth in Sections 4(a); (ii) the number and type of shares of Common Stock (or other securities or property) subject to outstanding
Awards; and (iii) the grant, purchase, or exercise price with respect to any Award or, if deemed appropriate, make provision for
a cash payment to the holder of an outstanding Award; provided, however, that the number of shares of Common Stock subject to any
Award shall always be a whole number. The Committee’s adjustment shall be effective and binding for all purposes of this
Plan, provided that no adjustment shall be made which will cause an Incentive Stock Option to lose its status as such, and further
provided that no such adjustment shall constitute (i) a modification of a stock right within the meaning of Treas. Reg. Section
1.409A-l(b)(5)(v)(B) so as to constitute the grant of a new stock right, (ii) an extension of a stock right, including the addition
of any feature for the deferral of compensation within the meaning of Treas. Reg. Section 1.409A-l(b)(5)(v)(C), or (iii) an impermissible
acceleration of a payment date or a subsequent deferral of a stock right subject to Section 409A within the meaning of Treas. Reg.
Section 1.409A-l(b)(5)(v)(E). Furthermore, no adjustment as the result of a change in capitalization shall cause the exercise price
to be less than the Fair Market Value of such shares (as adjusted to reflect the change in capitalization) on the date of grant,
and any adjustment as the result of the substitution of a new stock right or the assumption of an outstanding stock right pursuant
to a corporate transaction shall satisfy the conditions described in Treas. Reg. Section 1.409A-l(b)(5)(v)(D).

 

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ARTICLE IV

ELIGIBILITY

 

All Eligible Individuals
are eligible to participate in this Plan and receive Awards hereunder. Holders of equity-based awards issued by a company acquired
by BCML or with which BCML combines are eligible to receive Substitute Awards hereunder.

 

ARTICLE V

OPTIONS AND SARS

 

5.1          Grant.
The Committee is hereby authorized to grant Options and SARs to Participants with the following terms and conditions and with such
additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee determines.
The grant of Options or SARS shall be evidenced by an Award Agreement that contains the terms of the Award, including, but not
limited to: (i) the number of shares of Common Stock that may be issued upon exercise of an Option or number of SARs subject to
an Award; (ii) the exercise or base price of each Option or SAR; (iii) the term of the Option or SAR; (iv) such terms and conditions
on the vesting and/or exercisability of an Option or SAR as maybe determined by the Committee; (v) any restrictions on transfer
of the Option or SAR and forfeiture provisions; (vi) the effect on the term of the Option or SAR of the Separation from Service
of the Participant; and (vii) such further terms and conditions, in each case, not inconsistent with this Plan as may be determined
from time to time by the Committee.

 

5.2          Exercise
Price. The exercise price per share of Common Stock under an Option or the SAR Strike Price regarding a SAR will be determined
by the Committee; provided, however, that, except in the case of Substitute Awards, such exercise price or SAR Strike Price shall
not be less than the Fair Market Value of a share of Common Stock on the date of grant of such Option or SAR; and provided further
that in the case of ISOs granted to an individual then owning (within the meaning of Section 424(d) of the Code) more than 10%
of the total combined voting power of all classes of stock of BCML, such price shall not be less than 110% of the Fair Market Value
of a share of Common Stock on the date the ISO is granted.

 

5.3          Repricing.
The Committee shall not have the authority to reprice Options or SARs, including cash buyouts and voluntary surrender of “underwater
options,” to reduce the exercise price or SAR Strike Price without first obtaining shareholder approval for such repricing.

 

5.4          Term.
The term of each Option and SAR will be fixed by the Committee in its discretion; provided, however, that the term shall not be
more than ten (10) years from the date the Option or SAR is granted.

 

5.5          Exercisability.
Subject to the terms of the Plan and the related Award Agreement, any Option or SAR may be exercised at any time during the period
commencing with either the date that Option or SAR is granted or the first date permitted under a vesting schedule established
by the Committee and ending with the expiration date of the Option or SAR, provided however that the vesting schedule for any Option
or SAR provides for a minimum period of at least one year or more before vesting. A Participant may exercise his Option or SAR
for all or part of the number of shares of Common Stock or rights which he is eligible to exercise under terms of the Option or
SAR. No shares of Common Stock shall be delivered pursuant to any exercise of an Option until payment in full of the exercise price
is received by BCML. The Committee will determine the method or methods by which payment may be made, including, without limitation,
payment (i) in cash, or its equivalent, (ii) by having BCML “net settle” the shares by withholding from the shares
of Common Stock which would otherwise be delivered to the Participant such shares with a Fair Market Value sufficient to satisfy
the minimum withholding required with respect thereto as determined by the Committee, (iii) through any broker’s cashless
exercise procedure approved by the Committee, or (v) by a combination of the foregoing, provided that the combined value of all
cash and cash equivalents and the Fair Market Value of any such shares of Common Stock so tendered to BCML as of the date of such
tender is at least equal to such exercise price.

 

    	 	8	 

     

    

  

5.6          Separation
from Service. Except as otherwise provided in the Award Agreement documenting an Option or SAR Award, the following general
rules will apply to outstanding Option and SAR Awards at the time of Separation from Service:

 

(a)          In
the event of Separation from Service for Cause, unless otherwise determined by the Committee, all outstanding Option and SAR Awards,
whether vested or unvested, will immediately terminate and be forfeited.

 

(b)          In
all other events of Separation from Service, the Participant shall have a period of ninety (90) days following such Separation
from Service (or, if shorter, until the end of the term of a particular Option or SAR as established in the original Award Agreement)
to exercise any vested and unexercised Options and SARs then outstanding: all unvested Option and SAR Awards shall immediately
terminate and be forfeited.

 

5.7          Incentive
Stock Options. The terms of any Incentive Stock Option granted under the Plan shall comply in all respects with the provisions
of Section 422 of the Code, or any successor provision thereto, and any regulations promulgated thereunder. No Incentive Stock
Option shall be granted to any Eligible Individual who is not an Employee of the Bank. Options designated as Incentive Stock Options
shall not be eligible for treatment under the Code as “incentive stock options” (and will be deemed to be Non-Qualified
Stock Options) to the extent that either (i) the aggregate Fair Market Value of shares of Common Stock (determined as of the date
of grant) with respect to such Options are exercisable for the first time by the Participant during any calendar year (under all
plans of BCML) exceeds $100,000, taking Options into account in the order in which they were granted or (ii) such Options otherwise
remain exercisable but are not exercised within two and one-half (2 1/2) months of termination of employment (or such other period
of time provided in Section 422 of the Code).

 

5.8          Disqualifying
Disposition Notice. Each Participant awarded an Incentive Stock Option under the Plan shall notify BCML in writing immediately
after the date he or she makes a disqualifying disposition of any shares of Common Stock acquired pursuant to the exercise of such
Incentive Stock Option. A disqualifying disposition is any disposition (including any sale) of such shares of Common Stock before
the later of (i) two years after the date of grant of the Incentive Stock Option or (ii) one year after the date the Participant
acquired the shares of Common Stock by exercising the Incentive Stock Option. BCML may, if determined by the Committee and in accordance
with procedures established by it, retain possession of any shares of Common Stock acquired pursuant to the exercise of an Incentive
Stock Option as agent for the applicable Participant until the end of the period described in the preceding sentence, subject to
complying with any instructions from such Participant as to the sale of such shares of Common Stock.

 

    	 	9	 

     

    

  

ARTICLE VI

RESTRICTED STOCK AWARDS

 

6.1          Grant.
The Committee is hereby authorized to grant Awards of Restricted Stock to Eligible Individuals. The grant of Restricted Stock shall
be evidenced by an Award Agreement that contains the terms of the Award, including, but not limited to: (i) the number of shares
of Restricted Stock subject to such Award; (ii) the purchase price, if any, of the shares of Restricted Stock and the means of
payment for such shares; (iii) the performance criteria, if any, and level of achievement in relation to the criteria that shall
determine the number of shares of Restricted Stock granted, issued, retainable and/or vested: provided, however, that any such
performance criteria shall be selected from the criteria set forth in Section 9.2 to the extent the Committee intends that the
Award comply with Section 162(m); (iv) such terms and conditions of the grant, issuance, vesting and/or forfeiture of the Restricted
Stock as may be determined from time to time by the Committee; (v) restrictions on transferability of the Restricted Stock; and
(vi) such further terms and conditions, in each case, not inconsistent with this Plan as may be determined from time to time by
the Committee.

 

6.2          Vesting
and Forfeiture. Restricted Stock granted under this Article VI is subject to such restrictions as the Committee may impose,
including restrictions pertaining to vesting and voting, which restrictions may lapse separately or in combination at such time
or times, in such installments or otherwise, as the Committee may deem appropriate, provided however that the vesting schedule
for any Restricted Stock provides for a minimum period of at least one year or more before vesting. Except as otherwise determined
by the Committee, upon a Separation from Service during the applicable restriction period, Restricted Stock that is at that time
subject to restrictions shall be forfeited and reacquired by BCML; provided that the Committee may provide, by rule or regulation
or in any Award Agreement, or may determine in any individual case, that restrictions or forfeiture conditions relating to Restricted
Stock will lapse in whole or in part, including in the event of terminations of employment resulting from specified causes.

 

6.3          Stock
Certificates. An Award of Restricted Stock may be evidenced in such manner as the Committee may deem appropriate, including,
without limitation, book-entry registration or issuance of a stock certificate or certificates. In the event any stock certificate
is issued in respect of shares of Restricted Stock, such certificate will be registered in the name of the Participant and bear
an appropriate legend referring to the terms, conditions, and restrictions applicable to such shares of Common Stock

 

6.4          Dividends
and Voting Rights. Unless otherwise determined by the Committee, a Participant holding an outstanding Award of Restricted Stock
shall be entitled to (i) receipt or accrual ( in the case of an Award that has not yet been delivered in full), as the case may
be, of all dividends and distributions paid in respect of shares of Common Stock underlying such award; provided, that if any such
dividends or distributions are paid in shares of Common Stock or other securities, such shares and other securities shall be subject
to the same vesting and other restrictions as apply to the Restricted Stock with respect to which they were paid and further provided
that dividends and distributions accrued with respect to an unpaid Award of Restricted Stock shall be accumulated and paid when
the shares underlying the Award of Restricted Stock are issued, and (ii) exercise full voting rights and other rights as a stockholder
with respect to the shares of Common Stock underlying such Award during the period during which such shares remain subject to restriction.

 

    	 	10	 

     

    

  

ARTICLE VII

RESTRICTED STOCK UNIT AWARDS

 

7.1          Grant.
The Committee is hereby authorized to grant Awards of Restricted Stock Units to Eligible Individuals. The grant of Restricted Stock
Units shall be evidenced by an Award Agreement that contains the terms of the Award, including, but not limited to: (i) the number
of Restricted Stock Units subject to such Award; (ii) the purchase price, if any, of the Restricted Stock Units and the means of
payment for such Restricted Stock Units; (iii) the performance criteria, if any, and level of achievement in relation to the criteria
that shall determine the number of Restricted Stock Units granted, issued, retainable and/or vested; provided, however, that any
such performance criteria shall be selected from the criteria set forth in Section 9.2 to the extent the Committee intends that
the Award comply with Section 162(m); (iv) such terms and conditions of the grant, issuance, vesting and/or forfeiture of the Restricted
Stock Units as may be determined from time to time by the Committee; (v) restrictions on transferability of the Restricted Stock
Units; and (vi) such further terms and conditions, in each case, not inconsistent with this Plan as may be determined from time
to time by the Committee.

 

7.2          Vesting.
The Awards of Restricted Stock Units granted under this Article VII are subject to such restrictions as BCML may impose, which
restrictions may lapse separately or in combination, at such time or times, in such installments or otherwise, as the Committee
may deem appropriate.

 

7.3          Separation
from Service. Without limiting the foregoing, and except as otherwise revised in the Award Agreement documenting a Restricted
Stock Unit Award (“RSUs”) or otherwise determined by the Committee, in the event of Separation from Service for Cause
(as determined by BCML), unless otherwise determined by the Committee, all outstanding RSUs will immediately terminate and be forfeited.
In all other events of Separation from Service, to the extent not previously paid, the Participant shall be paid any vested RSUs
in accordance with the payment provisions of Section 7.4, and all unvested RSUs shall immediately terminate and be forfeited.

 

7.4          Payment
of Award. The shares of Common Stock or cash underlying a Restricted Stock Unit Awards shall (subject to satisfaction of any
purchase price requirement) be transferred or paid to the Participant as soon as practicable following the Award date or the termination
of the vesting or other restrictions set forth in the Plan or the applicable Award Agreement and the satisfaction of any and all
other conditions of the Award applicable to such Restricted Stock Unit Award (the “Restriction End Date”), but in no
event later than two and one-half (2 1/2) months following the end of the calendar year that includes the later of the Award date
or the Restriction End Date, as the case may be. Notwithstanding any of the foregoing, to the extent that the provisions of Section
7.3 hereof or the provisions of any Award Agreement for Restricted Stock Units require, distributions of shares of Common Stock
under circumstances that constitute a “deferral of compensation” shall conform to the applicable requirements of Section
409A, including, without limitation, the requirement that a distribution to a Participant who is a Specified Employee which is
made on account of the Specified Employee’s Separation from Service shall not be made before the date which is six (6) months
after the date of Separation from Service.

 

    	 	11	 

     

    

  

ARTICLE VIII

STOCK AWARDS AND OTHER STOCK-BASED AWARDS

 

8.1          Stock
Awards. The Committee is hereby authorized to grant Stock Awards to Eligible Individuals. Stock Awards maybe issued by the
Committee in addition to, or in tandem with, other Awards granted under this Plan, and may be issued in lieu of any cash compensation
or fees for services to BCML as the Committee, in its discretion, determines or authorizes. Stock Awards shall be evidenced by
an Award Agreement or in such other manner as the Committee may deem necessary or appropriate, including, without limitation, book-entry
registration or issuance of a stock certificate or certificates. In the event any stock certificate is issued in respect of shares
of Common Stock underlying a Stock Award, such certificate will be registered in the name of the Participant.

 

8.2          Other
Stock-Based Awards. The Committee is hereby authorized to grant to Participants such other Awards (including, without limitation,
rights to dividends and dividend equivalents) that are denominated or payable in, valued in whole or in part by reference to, or
otherwise based on or related to, shares of Common Stock (including, without limitation, securities convertible into shares of
Common Stock) as are deemed by the Committee to be consistent with the purposes of the Plan. Subject to the terms of the Plan,
the Committee will determine the terms and conditions of such Awards and set forth such terms and conditions in an Award Agreement
related to such Award. Shares of Common Stock or other securities delivered pursuant to a purchase right granted under this Section
8.2 shall be purchased for such consideration, which may be paid by such method or methods and in such form or forms, including,
without limitation, cash, shares of Common Stock, other securities, other Awards or other property, or any combination thereof,
as the Committee determines, the value of which consideration, as established by the Committee, shall, except in the case of Substitute
Awards, not be less than the Fair Market Value of such shares or other securities as of the date such purchase right is granted.

 

8.3          Payment.
Stock Awards and Other Stock-Based Awards shall be transferred or paid to the Participant as soon as practicable following the
Award date and the satisfaction of any and all other conditions of the applicable Award Agreement (the “Satisfaction Date”),
but in no event later than two and one-half (2 1/2) months following the end of the calendar year that includes the later of the
Award date or the Satisfaction Date, as the case may be. Notwithstanding any of the foregoing, to the extent that the provisions
of Article VIII hereof or the provisions of any Award Agreement for Stock Awards or other Stock-Based Awards require, distributions
of shares of Common Stock under circumstances that constitute a “deferral of compensation” shall conform to the applicable
requirements of Section 409A, including, without limitation, the requirement that a distribution to a Participant who is a Specified
Employee which is made on account of the Specified Employee’s Separation from Service shall not be made before the date which
is six (6) months after the date of Separation from Service.

 

    	 	12	 

     

    

  

ARTICLE IX

SECTION 162(M) PERFORMANCE BASED COMPENSATION

 

9.1          General
Requirements. To the extent that a Restricted Stock Award, Restricted Stock Unit Award, Stock Award, Other Stock-Based Award,
or Annual Short-Term Cash Incentive Award is intended to qualify as performance-based compensation under Section 162(m) (a “Performance
Award”) such Award shall satisfy the requirements set forth in this Article IX. As previously noted, the Tax Cuts and Jobs
Act eliminated the performance-based compensation exemption from Section 162(m) for taxable years beginning after December 31,
2017, other than pursuant to written binding contracts that were in effect on November 2, 2017.

 

9.2          Performance
Goals. Performance Awards shall be conditioned upon the achievement of objective pre-established goal(s) relating to one or
more of those performance measures established in writing by the Committee within 90 days after the beginning of the applicable
performance period (and in no event after 25% of the performance period has lapsed), subject to such modifications as specified
by the Committee, including but not limited to the following: earnings and income (whether before or after taxes); earnings per
share, diluted or basic; return on investment; stock price: return on equity, total shareholder return; return on capital; return
on average assets; credit quality measures; loan and deposit growth; other financial performance ratios such as efficiency ratio;
internal control measures; regulatory compliance measures; and mergers and/or acquisitions. To the extent consistent with Section
162(m), the Committee may determine that certain adjustments apply, in whole or in part, in such manner as determined by the Committee,
to exclude the effect of any of the following events that occur during a performance period: the impairment of tangible or intangible
assets; litigation or claim judgments or settlements; the effect of changes in tax law, accounting principles or other such laws
or provisions affecting reported results; accruals for reorganization and restructuring programs, including, but not limited to,
reductions in force and early retirement incentives; and any extraordinary, unusual, infrequent or non-recurring items described
in management’s discussion and analysis of financial condition and results of operations or the financial statements and
notes thereto appearing in BCML’s annual report to shareholders for the applicable year. Performance measures may be determined
either individually, alternatively in any combination, applied to either BCML as a whole or to a business unit, either individually,
alternatively or in any combination, and measured over a period of time including a portion of a year, annually or cumulatively
over a period of years, on an absolute basis or relative to a pre-established target, to previous years’ results or to a
designated comparison group, in each case as specified by the Committee.

 

9.3          Certification
of Performance Goals. Achievement of the performance goals established in accordance with Section 9.2 shall be certified in
writing prior to payment of the Performance Award, as required by Section 162(m). In addition to establishing minimum performance
goal(s) below which no compensation shall be payable pursuant to a Performance Award, the Committee, in its discretion, may create
a performance schedule under which an amount less than or more than the target award may be paid so long as the performance goal(s)
have been achieved.

 

    	 	13	 

     

    

  

9.4          Committee
Discretion. Notwithstanding any provision of this Plan to the contrary, the Committee, in its sole discretion, may retain the
discretion to reduce the amount of any Performance Award to a Participant if it concludes that such reduction is necessary or appropriate.
The Committee shall not use its discretionary authority to increase any award that is intended to be performance-based compensation
under Section 162(m).

 

9.5          Payment.
Performance Awards shall be transferred or paid to the Participant as soon as practicable following the termination of the vesting
or other restrictions set forth in the Plan or the applicable Award Agreement and the satisfaction of any and all other conditions
of the Award Agreement applicable to such Performance Award (the “Performance End Date”)’ but in no event later
than two and one-half (2 1/2) months following the end of the calendar year that includes the Performance End Date.

 

ARTICLE X

DEFERRAL AWARDS

 

10.1        Grants
of Deferral Awards. The Committee is hereby authorized to allow selected Participants to make elections in a manner that is
timely under Section 409A and otherwise under the Code, pertinent government promulgations and applicable judicial authority to
otherwise defer income taxation of any Awards made under this Plan and any other payments of current compensation (including bonuses
or Performance Based Payments) subject to an Award Agreement containing appropriate provisions to properly accomplish such deferral
of taxation and to comply with Section 409A.

 

10.2        Deferral
Elections. The Committee shall be responsible for establishing necessary rules and procedures regarding the completion and
filing with the Committee of the forms for elections by the Participants to defer the benefits established under any Deferral Awards
hereunder as required under Section 409A and Treasury Reg. 1.409A-2.

 

ARTICLE XI

GENERAL TERMS APPLICABLE TO AWARDS

 

11.1        Exemptions
from Section 16(b) Liability. With respect to a Reporting Person, the Committee shall implement transactions under the Plan
and administer the Plan in a manner that will ensure that each transaction with respect to such a Participant is exempt under Rule
16b-3 or otherwise not subject to liability under Section 16(b), except that this provision shall not limit sales by such a Participant,
and such a Participant may engage in other non-exempt transactions under the Plan. The Committee may authorize BCML to repurchase
any Award or shares of Stock deliverable or delivered in connection with any Award in order to avoid a Participant who is subject
to Section 16 of the Exchange Act incurring liability under Section 16(b).

 

    	 	14	 

     

    

  

11.2        Non-Assignment.
Except as the Committee may otherwise determine from time to time: (i) no Award and no right under any Award shall be assignable,
alienable, saleable or transferable by a Participant otherwise than by will or by the laws of descent and distribution; provided,
however, that, a Participant may, in the manner established by the Committee, designate a beneficiary or beneficiaries to exercise
the rights of the Participant, and to receive any property distributable, with respect to any Award upon the death of the Participant;
and provided, further, however, that in no event shall the Committee authorize any assignment, alienation, sale, or other transfer
under this paragraph that would provide a Participant or beneficiary with the opportunity to receive consideration from a third
party, (ii) each Award, and each right under any Award, shall be exercisable during the Participant’s lifetime only by the
Participant or, if permissible under applicable law, by the Participant’s guardian or legal representative; and (iii) no
Award and no right under any such Award, may be pledged, alienated, attached, or otherwise encumbered, and any purported pledge,
alienation, attachment or encumbrance thereof shall be void and unenforceable against BCML. The provisions of this paragraph shall
not apply to any Award which has been fully exercised, earned or paid, as the case maybe, and shall not preclude forfeiture of
an Award in accordance with the terms thereof.

 

11.3        Repurchase
Right. Prior to the time that shares of Common Stock are publicly traded on a national securities exchange registered with
the Securities and Exchange Commission under Section 6(a) of the Exchange Act, after a Participant’s Separation from Service,
BCML has the right (but not the obligation) to repurchase such Participant’s shares of Common Stock which were issued pursuant
to the exercise or vesting of Awards issued under the Plan (herein, such shares of Common Stock are referred to as the “Plan
Shares”) at Fair Market Value as of the date of repurchase. Such right of repurchase shall be exercisable at any time and
from time to time at the discretion of BCML.

 

11.4        Right
of First Refusal. Prior to the time that shares of Common Stock are publicly traded on a national securities exchange registered
with the Securities and Exchange Commission under Section 6(a) of the Exchange Act, any Plan Shares shall be subject to a right
of first refusal on behalf of BCML. By virtue of this right, such Plan Shares may not be transferred during the Participant’s
lifetime to any person, unless such transfer occurs within fifteen days following the expiration of thirty days after BCML was
given a written notice which correctly identified the prospective transferee or transferees and which offered BCML an opportunity
to purchase such shares at their Fair Market Value as of the date of repurchase in cash, and such offer was not accepted within
thirty days after BCML’s receipt of that notice.

 

11.5        Section
409A Compliance. Notwithstanding any other provision of this Plan to the contrary, all Awards under this Plan shall be designed
and administered in a manner that does not result in the imposition of tax or penalties under Section 409A. Accordingly, Awards
under this Plan shall comply with the following requirements, as applicable.

 

(a)          Distributions
to Specified Employees upon Separation from Service. To the extent that payment under an Award which is subject to Section 409A
is due to a Specified Employee on account of the Specified Employee’s Separation from Service from BCML, such payment shall
be delayed until the first day of the seventh month following such Separation from Service (or as soon as practicable thereafter).
The Committee, in its discretion, may provide in the Award Agreement for the payment of interest at a rate set by the Committee
for such six-month period.

 

(b)          No
Acceleration of Payment. To the extent that an Award is subject to Section 409A, payment under such Award shall not be accelerated
from the date(s) specified in the Award Agreement as of the date of grant.

 

    	 	15	 

     

    

  

(c)          Subsequent
Delay in Payment. To the extent that an Award is subject to Section 409A, payment under such Award shall not be deferred beyond
the dates specified in the Award Agreement as of the date of grant, unless the Committee makes the decision to delay payment at
least one year prior to the scheduled payment date, and payment is delayed at least five years.

 

(d)          Separate
Payment. If any amount is to be paid under this Plan in two or more installments, each such installment that is deemed for any
reason to be subject to Section 409A shall be treated as a separate payment for purposes of such statute and the Treasury Regulations
promulgated thereunder.

 

11.6        Income
Tax Consequences to Participants. Anything herein to the contrary notwithstanding, BCML shall have no obligation to any person
entitled to benefits under this Plan with respect to any tax obligation any such person incurs because of or attributable to benefits
under this Plan, including without limitation, any adverse consequences under Code Section 409A. While BCML agrees to reasonably
cooperate to assist any Participant or Beneficiary in avoiding such adverse consequences, BCML shall not be liable for any failure
in achieving that objective. Any administrative examination or review of the income tax returns of any Participant, appeal from
any adverse administrative determination or litigation regarding any such failure shall be the sole responsibility of and at the
sole cost of any Participants involved in such proceedings.

 

11.7        Capital
Requirements of BCML. BCML’s primary federal regulator may direct BCML to require all Specified Employees to exercise
or forfeit their Options if BCML’s capital falls below minimum regulatory requirements, as determined by BCML state or primary
federal regulator. If a Specified Employee fails to exercise any Options which such Specified Employee is required to exercise
pursuant to this Section 10.7, such Options shall be cancelled and forfeited.

 

ARTICLE XII 

CHANGE OF CONTROL

 

12.1        Generally.
The Committee may, in its discretion, at the time an Award is made hereunder or at any time prior to, coincident with or after
the time of a Change of Control (a) subject to Section 11.5, provide for the acceleration of any time periods relating to the exercise
or realization of such Awards, so that such Awards may be exercised or realized in full on or before a date fixed by the Committee;
(b) provide for the purchase of such Awards, upon the Participant’s request, for an amount of cash equal to the amount which
could have been obtained upon the exercise or realization of such Awards had such Awards been currently exercisable or payable;
(c) make such adjustment to the Awards then outstanding as the Committee deems appropriate to reflect such Change of Control; or
(d) use its best efforts to cause the Awards then outstanding to be assumed, or new rights substituted therefore, by the surviving
corporation in such Change of Control. Subject to consultation with the holder of the Award and to the terms of the Change of Control,
where possible the Committee shall seek to cause the assumption of outstanding Awards in the event of a Change of Control, as provided
in the foregoing clause (d). The Committee may, in its discretion, include such further provisions and limitations in any Award
Agreement as it may deem equitable and in the best interests of BCML.

 

    	 	16	 

     

    

  

12.2        Definition.
“Change of Control” means a change of control of BCML of a nature that would be required to be reported in response
to Item 6(e) of Schedule 14A promulgated under the Exchange Act, or Item 5.01 of a Current Report on Form 8-K or any successor
rule, whether or not BCML is then subject to such reporting requirements; provided that, without limitation, such a Change of Control
shall be deemed to occur if:

 

(a)          any
“person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes the “beneficial
owner” (as determined for purposes of Regulation 13D- G under the Exchange Act as currently in effect), directly or indirectly,
in a transaction or series of transactions, of securities of BCML representing more than 50% of the voting power of BCML’s
voting capital stock (the “Voting Stock”); or

 

(b)          The
consummation of a merger, or other business combination after which the holders of the Voting Stock do not collectively own 50%
or more of the voting capital stock of the entity surviving such merger or other business combination, or the sale, lease, exchange
or other transfer in a transaction or series of transactions of all or substantially all of the assets of BCML; or

 

(c)          A
majority of the Board is replaced in any twelve (12) month period by individuals whose appointment or election is not endorsed
by a majority of the members of the Board prior to the date of the appointment or election.

 

Any good faith
determination by the Committee as to whether a Change of Control within the meaning of this Section has occurred shall be conclusive
and binding on the Participants.

 

12.3        Section
409A Benefit Payments.

 

(a)          Notwithstanding
any other provision of this Plan or any Award, for purposes of determining if any benefit payments under any Award can be made
in accordance with this Article XII with regard to benefits that are subject to Section 409A, any Change of Control that causes
any payment of such benefits in accordance with any such Award shall be deemed to have occurred if, on the date that any one person,
or more than one person acting as a group (as defined below), either:

 

(1)         acquires
ownership of stock of BCML that, together with stock held by such person or group, constitutes more than fifty percent (50%) of
the total fair market value or total voting power of the stock of BCML; provided, however, that if any one person, or more than
one person acting as a group, is considered to own more than fifty percent (50%) of the total fair market value or total voting
power of the stock of BCML, the acquisition of additional stock by the same person or persons shall not be a Change of Ownership
for purposes hereof; provided, further, that an increase in the percentage of stock owned by any one person, or persons acting
as a group, as a result of a transaction in which BCML acquires its stock in exchange for property will be treated as an acquisition
of stock for purposes of this section; and provided, further, that this provision applies only when there is a transfer of stock
of BCML (or issuance of stock of BCML) and stock in BCML remains outstanding after the transaction; or

 

    	 	17	 

     

    

  

(2)         acquires
(or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) assets
from BCML that have a total gross fair market value equal to or more than fifty percent (50%) of the total gross fair market value
of all of the assets of BCML immediately before such acquisition or acquisitions (for this purpose, gross fair market value means
the value of the assets of the corporation, or the value of the assets being disposed of, determined without regard to any liabilities
associated with such assets); provided, however, that no Change of Ownership shall result under this subparagraph (ii) if there
is a transfer of assets by BCML to any of the following:

 

(i)          an
entity that is controlled by the shareholders of BCML immediately after the transfer;

 

(ii)         A
shareholder of BCML (immediately before the asset transfer) in exchange for or with respect to such shareholder’s stock in
BCML;

 

(iii)        An
entity, fifty percent (50%) or more of the total value or voting power of which is owned, directly or indirectly, by BCML;

 

(iv)        A
person, or more than one person acting as a group, that owns, directly or indirectly, fifty percent (50%) or more of the total
value or voting power of all the outstanding stock of BCML; or

 

(v)         An
entity, at least fifty percent (50%) of the total value or voting power of which is owned, directly or indirectly, by a person
described in sub-paragraph (4) immediately above.

 

For purposes hereof, persons
will not be considered to be acting as a group solely because they purchase or own stock of the same corporation at the same time,
or as a result of the same public offering. However, persons will be considered to be acting as a group if they are owners of a
corporation which enters into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with or
involving BCML. If a person, including an entity, owns stock in both BCML and any other corporation that enters into a merger,
consolidation, purchase or acquisition of stock, or similar transaction with BCML, such shareholder is considered to be acting
as a group with other shareholders only with respect to the ownership in such other corporation before the transaction giving rise
to the change and not with respect to such ownership interest in BCML.

 

(b)          Payments
attributable to benefits subject to Section 409A hereunder shall be payable at the same time and in the same proportions as the
Change in Ownership proceeds are paid to BCML or its shareholders, at or after the completion of the Change in Ownership, including
the same form of consideration received by BCML or its shareholders (except that BCML will have the right to substitute cash for
any non-cash consideration) and shall be subject to the same indemnity obligations owed to the acquirer that are imposed on BCML
or its shareholders; provided, however, that present value of all amounts that will not otherwise be paid hereunder to a Participant
on or before the fifth (5th) anniversary of the Change in Ownership shall be paid as of such fifth (5th) anniversary, with such
determination in value to be made as of such date using reasonable present value discounting and/or other reasonable and generally
accepted valuation methods. In any event, the payments of benefits described hereunder must comply with Treas. Reg. 1.409-3(i)(5)(iv))(A).

 

    	 	18	 

     

    

  

ARTICLE XIII

EFFECTIVE DATE, AMENDMENT, MODIFICATION

AND TERMINATION OF PLAN

 

13.1        Effective
Date. The Plan is effective as of November 21, 2017. No Award may be granted under the Plan after the tenth anniversary of
the earlier of (i) the date this Plan is adopted or (ii) the date on which this Plan is approved by shareholders of BCML, and the
applicable tenth anniversary is October 17, 2027. However, unless otherwise expressly provided in the Plan or in an applicable
Award Agreement, any Award theretofore granted may extend beyond such date, and the authority of the Committee to administer the
Plan and to amend, alter, adjust, suspend, discontinue, or terminate any such Award, or to waive any conditions or rights under
any such Award, and the authority of the Board to amend the Plan, shall extend beyond such date.

 

13.2        Plan
Amendment and Termination. Except to the extent prohibited by applicable law and unless otherwise expressly provided in an
Award Agreement or in the Plan, including, without limitation, the provisions of Section 13.6 below, the Board may amend, alter,
suspend, discontinue, or terminate the Plan or any portion thereof at any time; provided, however, that no such amendment, alteration,
suspension, discontinuation or termination shall be made without: (i) shareholder approval if such approval is necessary to comply
with any tax, legal or regulatory (including, for this purpose, the rules of any national securities exchange(s) on which the Common
Stock is then listed) requirement for which or with which the Board deems it necessary or desirable to qualify or comply; or (ii)
the consent of the affected Participant, if such action would adversely affect any material rights of such Participant under any
outstanding Award. Notwithstanding the foregoing or any provision of the Plan to the contrary, the Committee may at any time (without
the consent of the Participant) modify, amend or terminate any or all of the provisions of this Plan to the extent necessary to
conform the provisions of the Plan with Section 409A regardless of whether such modification, amendment, or termination of the
Plan shall adversely affect the rights of a Participant under the Plan, and in any event, no such amendment shall be considered
prejudicial to any interest of a Participant or a Beneficiary in the Plan. Anything in this Plan to the contrary notwithstanding,
the Company shall have the right but not the obligation to make any amendments to the Plan to comply with any applicable requirements
of Section 409A of the Code.

 

13.3        Award
Amendment. The Committee may waive any conditions or rights under, amend any terms of, or amend, alter, suspend, discontinue
or terminate, any Award theretofore granted, prospectively or retroactively, without the consent of any Participant or holder or
beneficiary of an Award; provided, however, that no such action shall impair any material rights of a Participant or holder or
beneficiary under any Award theretofore granted under the Plan. The Committee may, in its discretion, vest part or all of a Participant’s
Award that would otherwise be forfeited; provided that, in the case of a Restricted Stock Unit Award, Stock Award, Other Stock-
Based Award or Performance Award, distribution thereof to the Participant shall be made no later than two and one-half (2 1/2)
months following the end of the calendar year in which such vesting occurs. Notwithstanding the foregoing, no waiver, amendment,
alteration, suspension, discontinuation or termination of the Award by the Committee shall constitute (i) a modification of a stock
right within the meaning of Treas. Reg. Section 1.409A-l(b)(5)(v)(B) so as to constitute the grant of a new stock right, (ii) an
extension of a stock right, including the addition of any feature for the deferral of compensation, within the meaning of Treas.
Reg. Section 1.409A-1(b)(5)(v)(C), or an impermissible acceleration of a payment date or a subsequent deferral of a stock right
subject to Code Section 409A within the meaning of Treas. Reg. Section 1.409A-1(b)(5)(v)(E). Furthermore, in no event may the Committee
exchange Awards previously granted for Awards of a different type.

 

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13.4        Adjustment
of Awards. The Committee is authorized to make adjustments in the terms and conditions of, and the criteria included in, Awards
in recognition of unusual or nonrecurring events (including, without limitation, an event affecting BCML, or the financial statements
of BCML, or of changes in applicable laws, regulations or accounting principles), whenever the Committee determines that such adjustments
are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available
under the Plan, subject, with respect to Awards intended to meet the requirements of Section 162(m), compliance with the provisions
of Section 162(m).

 

13.5        Permitted
Accelerations. BCML or the Committee , in its discretion (without any direct or indirect election on the part of any Participant),
may accelerate a distribution under the Plan to the extent permitted under Reg. 1.409A-3(j)(4)), including, but not limited to,
(i) making payments necessary to comply with a domestic relations order, (ii) payments necessary to comply with certain conflict
of interest rules, (iii) payments made to settle bona fide disputes as to the Participant’s right to receive benefits hereunder
(subject to the requirements of Reg. 1.409A-3(j)(4)(xiv)), (iv) certain de minimis payments related to the participant's
termination of his or her interest in the Plan; and (v) plan terminations and liquidations under Reg. 1.409A-3(j)(4)(ix). Except
as provided in the preceding sentence, no benefit payment under the Plan may be accelerated.

 

13.6        Voluntary
Dissolution or Bankruptcy. This Plan shall terminate upon the voluntary dissolution of BCML or dissolution upon the approval
of a bankruptcy court, provided that any benefits hereunder that may become subject to Section 409A are included in the gross income
of the Participants for income tax purposes in the latest of (i) the calendar year in which such amount is no longer subject to
a substantial risk of forfeiture, or (ii) the first calendar year in which the distribution is administratively practical.

 

13.7        Termination
of 409A Benefits. BCML may elect to terminate and liquidate this Plan to the extent its benefits are subject to Section 409A
as long as it also terminates any and all other arrangements that would be aggregated with this Plan pursuant to U. S. Treasury
Regulations Section 1.409A-1(c) if the Employees are participating in such arrangements (“Similar Arrangements”) provided
that (i) such termination and liquidation does not occur proximate to the downturn in the financial health of BCML; (ii) all distributions
resulting from such termination and liquidation are made no earlier than twelve (12) months and no later than twenty four (24)
months following such termination; and (iii) BCML does not adopt any new arrangement that would be a Similar Arrangement within
the thirty six (36) month period following the date BCML has taken all necessary action to irrevocably terminate and liquidate
this Plan to the extent its benefits are subject to Section 409A.

 

    	 	20	 

     

    

  

ARTICLE XIV

MISCELLANEOUS

 

14.1        No
Right to Continued Employment. Nothing in the Plan or in any Award Agreement confers upon any Eligible Individual who is a
Participant the right to continue in the service or employment of BCML or any affiliate or affect any right which BCML or any affiliate
may have to terminate or modify the employment or provision of service of the Participant with or without cause.

 

14.2        No
Rights as a Stockholder. Notwithstanding anything to the contrary in the Plan, no Participant or Successor shall have any voting
or other rights as a stockholder of BCML with respect to any Common Stock covered by an Award until the issuance of a certificate
or certificates to the Participant for such Common Stock. Adjustment to Restricted Stock Units may be made for dividends or other
rights for which the record date is prior to the issuance of such certificates.

 

14.3        Withholding.
A Participant may be required to pay to BMCL or the Bank, and BCML or the Bank shall have the right and is hereby authorized to
withhold from any Award, from any payment due or transfer made under any Award or under the Plan or from any compensation or other
amount owing to a Participant the amount (in cash shares of Common Stock, other securities, other Awards or other property) of
any applicable withholding and taxes, including the Participant’s social security and Medicare taxes (FICA) and federal,
state, local income tax or such other applicable taxes (“Taxes”), in respect of any Award, its exercise, or any payment
or transfer under an Award or under the Plan and to take such other action as may be necessary in the opinion of the Bank to satisfy
all obligations for the payment of such Taxes. BCML or the Bank may require the Participant to make arrangements satisfactory to
it for the payment of any Taxes before issuing any Stock pursuant to the Award. The Committee may, if it deems appropriate in the
case of a Participant, withhold such Taxes through a reduction of the number of shares of Common Stock delivered to such individual
having a Fair Market Value sufficient to satisfy the maximum amount of Taxes required to be withheld, as determined by the Committee.
Such reduction of shares of Common Stock delivered to the Participant is hereby specifically authorized as an alternative for the
satisfaction of withholding obligations.

 

14.4        No
Effect on Compensation. Awards received by a Participant under this Plan are not to be deemed a part of a Participant’s
regular, recurring compensation for purposes of any termination, indemnity or severance pay laws and shall not be included in,
nor have any effect on, the determination of benefits under any other employee benefit plan, contract or similar arrangement provided
by the Bank or an affiliate, unless expressly so provided by such other plan, contract or arrangement, or unless the Committee
so determines. No provision of the Plan shall prevent the Bank from adopting or continuing in effect other or additional compensation
arrangements, including incentive arrangements providing for the issuance of options and stock, and awards that do not qualify
under Section 162(m), and such arrangements may be generally applicable or applicable only in specific cases.

 

14.5        Unfunded
Plan. This Plan is unfunded and BCML is not required to segregate any assets that may at any time be represented by Awards
under this Plan. Neither BCML, the Committee, nor the Board shall be deemed to be a trustee of any amounts to be paid under this
Plan nor shall anything contained in this Plan or any action taken pursuant to its provisions create or be construed to create
a fiduciary relationship between BCML or other affiliates, and a Participant or Successor. To the extent any person acquires a
right to receive an Award under this Plan, such right shall be no greater than the right of an unsecured general creditor of BCML.

 

    	 	21	 

     

    

  

14.6        Limitation
of Liability. Any liability of BMCL to any Participant with respect to an Award shall be based solely upon contractual obligations
created by this Plan and the applicable Award Agreement. Except as may be required by law, neither BMCL nor any member or former
member of the Board or of the Committee, nor any other person participating (including participation pursuant to a delegation of
authority under Section 2.6 hereof) in any determination of any question under this Plan, or in the interpretation, administration
or application of this Plan, shall have any liability to any party for any action taken, or not taken, under this Plan.

 

14.7        Legal
Requirements. No certificate for shares of Common Stock distributable pursuant to this Plan will be issued and delivered unless
the issuance of such certificate complies with all applicable legal requirements including, without limitation, compliance with
the provisions of Section 409A, applicable state securities laws, the Securities Act of 1933, as amended and in effect from time
to time or any successor statute, the Exchange Act and the requirements of the national securities exchange(s) on which BCML’s
stock may, at such time, be listed.

 

14.8        Governing
Law. To the extent that federal laws do not otherwise control, this Plan and all determinations made and actions taken pursuant
to this Plan shall be governed by the laws of the state of California, without giving effect to its conflict of law provisions.

 

14.9        Severability.
The event that any provision of this Plan is held to be illegal or invalid for any reason, the illegality or invalidity shall not
affect the remaining provisions of this Plan, and this Plan shall be construed and enforced as if the illegal or invalid provision
had not been included.

 

14.10      No
Fractional Shares. No fractional shares shall be issued or delivered pursuant to this Plan or any Award Agreement, and the
Committee shall determine whether cash, other securities, or other property shall be paid or transferred in lieu of any fractional
shares, or whether such fractional shares or any rights thereto shall be canceled, terminated, or otherwise eliminated.

 

14.11      Headings.
Headings are provided herein for convenience only and not to serve as a basis for interpretation or construction of the Plan.

 

    	 	22

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