Document:

EX-10.13

 Exhibit 10.13 

EMPLOYMENT AGREEMENT 

This employment agreement (this “Agreement”) is entered into effective as of the 20th day of May, 2019 (the “Effective
Date”), by and between CALIFORNIA BANK OF COMMERCE, a California banking corporation (the “Bank”), and Thomas A. Sa (“Employee”). 

In consideration of the mutual covenants and promises contained herein, the parties hereto agree as follows: 

1.    Position and Duties. Employee will be employed as the Bank’s Senior Executive Vice President, Chief
Operating Officer and Chief Financial Officer. In those roles, he shall have the duties and responsibilities set forth in this Agreement and in the By-Laws of the Bank, subject to the direction of the Board of
Directors of the Bank (the “Board”) and the Bank’s Chief Executive Officer. 
 As the Bank’s Senior Executive Vice
President, Chief Operating Officer and Chief Financial Officer, Employee shall perform the duties of each such office as is customary in the commercial banking industry and such additional duties not inconsistent therewith, as may from time to time
be reasonably requested of him by the Board or the Bank’s Chief Executive Officer. 
 Employee will devote substantially all his
professional time, attention, and energy to the business of the Bank. Employee agrees to perform his duties conscientiously, efficiently and to the best of his ability. Except with the prior consent of the Bank’s Board of Directors, Employee
will not, during the term of this Agreement, engage directly or indirectly, in any other business activity that is or may be competitive with or might place him in a competing position to that of the Bank or any company affiliated with the Bank.
Notwithstanding the foregoing. Employee may (i) serve in any capacity with any civic, educational or charitable organization, or any trade association, without seeking or obtaining approval by the Board, provided such activities and service do
not materially interfere or conflict with the performance of his duties hereunder and (ii) with the approval of the Board serve on the boards of directors of other corporations that are not involved in commercial banking or similar business
activities; provided, however, Employee shall not directly or indirectly acquire, hold, or retain any beneficial interest in any business competing with or similar in nature to the business of the Bank except passive shareholder investments in other
financial institutions and their respective affiliates which do not exceed three percent (3%) of the outstanding voting securities in the aggregate in any single financial institution and its affiliates on a consolidated basis. 

2.    Term. The term of this Agreement shall be three years from the Effective Date, unless earlier terminated by
either party as set forth herein. Upon the occurrence of the third anniversary of the Effective Date, and on each anniversary date thereafter, the term of this Agreement shall be automatically extended for an additional one (1) year term,
unless either party gives the other written notice of non-renewal not less than three (3) months before the expiration of such extension period, and in any event unless earlier terminated by either party
as set forth herein. The term of this Agreement as in effect from time to time in accordance with the foregoing is referred to herein as the “Term.” Upon the termination of his employment, neither Employee nor the Bank will have any
further obligation to the other under this 

  
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Agreement, except for those provisions intended by the parties to survive termination of Employee’s employment as set forth in Paragraphs 12-36. 

3.    Base Salary. During the Term, the Bank will pay Employee a base salary at a rate of $290,000 per year
(“Base Salary”), subject to an annual compensation review by the Compensation Committee of the Bank’s board of directors. Base Salary will be paid in accordance with the Bank’s normal payroll procedures, but in any case, no less
frequently than monthly. Base Salary may be increased but not decreased during the Term, except in connection with a temporary reduction for cost savings that proportionately affects all executives of the Bank. 

4.    Stock Awards. 

(a)          Employee shall be eligible to participate in the 2017 Equity Incentive Plan of
the Bank’s holding company, California BanCorp (“Bancorp”) and any other equity incentive plan generally made available to the Bank’s executives, subject to approval of the board of directors of Bancorp. 

(b)          Bancorp will grant Employee an incentive stock option (to the extent permitted
by applicable law) representing the right to purchase 25,000 shares of Bancorp common stock and 10,089 shares of restricted stock under Bancorp’s 2017 Equity Incentive Plan. Both of the equity awards will vest ratably over five years from the
date of grant, and will be governed by the terms and conditions set forth in the applicable award agreements (that Employee must timely execute as a condition of grant) and plan documents. In addition, with respect to the 2019 fiscal year, Employee
shall be eligible for performance equity awards with at a target level of a stock option covering 7,000 shares and 1,500 restricted shares under Bancorp’s 2017 Equity Incentive Plan, each with vesting schedules of five years, subject to the
approval and determinations of Bancorp’s board of directors. 
 (c)          From
time to time, at the sole discretion of the board of directors of Bancorp, additional stock-based awards may be granted to Employee. 

5.    Bonuses. Employee shall be eligible for an annual bonus pursuant to the executive incentive plan developed
each year by the Board. In order to earn an annual bonus, Employee must meet the goals set forth in the executive incentive plan and must be employed through December 31 of the applicable bonus year. Employee’s annual incentive
bonus target for the 2019 fiscal year shall be forty-five percent (45%) of his Base Salary and shall be determined and paid as if Employee were employed during the entire 2019 fiscal year (that is, the bonus shall not be prorated for partial service
during 2019). 
 6.    Automobile Allowance. During the Term, the Bank will pay Employee a $900 monthly auto
allowance in accordance with Bank’s normal payroll procedures in lieu of any mileage reimbursements. Employee will be personally responsible for all automobile expenses. 

7.    Executive Retirement Plan/BOLI; 401(k). 

(a)          The parties agree to work together in good faith to institute a supplemental
executive retirement plan (the “SERP”) providing for an aggregate defined contribution amount 

  
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of up to $835,000, which will be paid out over time to Employee after his termination of employment. Such deferred compensation benefits shall be in addition to any retirement benefits under any
tax qualified benefit plan of the Bank. During the nine-month period following the Effective Date, the parties agree to work together in good faith to obtain and implement a bank owned split-dollar life insurance policy (“BOLI”) and
related joint beneficiary agreement that will provide a shared death benefit if Employee’s employment with the Bank is terminated due to his death. For avoidance of doubt, Employee may ultimately receive benefits under the SERP or the BOLI but
will not receive benefits under both. 
 (b)    During the Term, Employee shall be entitled to participate in the
Bank’s 401k profit sharing savings plan. 
 8.    Health Benefits. The Bank will provide health benefits to
Employee and his family with options and coverage consistent with those of the Bank’s group medical plans as in effect from time to time for the Bank’s other executives and will pay all related insurance premiums unless waived in writing
by Employee. The Bank each month will reimburse Employee for the costs of a personal gym membership in an amount of up to $300 each month. 

9.    Group Term Life Insurance. The Bank will provide group term life insurance to Employee to the same extent the
Bank provides group term life insurance to its other full time employees; and Employee will designate the beneficiaries thereof. Upon Employee’s termination of employment for any reason his group term life insurance will cease and be of no
further effect. 
 10.    Disability Insurance. The Bank will provide long term disability insurance to Employee
to the same extent the Bank provides such disability insurance to its senior executives generally. 

11.    Vacation. During the Term, Employee will be eligible for unlimited vacation commencing as of the
Effective Date. 
 12.    Withholding of Taxes. Bank may withhold from any amounts payable to Employee under this
Agreement all federal, state, city or other taxes and withholdings as shall be required pursuant to any applicable law, rule or regulation. 

13.    Disability and Death. If, during the Term, Employee is unable to performing the essential functions of his
job, with or without reasonable accommodation, then, to the extent permitted by applicable law, Employee’s employment shall terminate (“Termination by Reason of Disability”) on a date that is at the end of the period of paid
administrative leave, as defined in this paragraph 13. If Employee is unable to perform the essential functions of his job with reasonable accommodation, the Bank shall place Employee on paid administrative leave, with continuation of full Base
Salary and all employee benefits, for a period that ends upon the completion of the waiting period under the Bank’s long term disability insurance (“LTD Plan”) if Employee qualifies for LTD Plan benefits or, if earlier, three months
from the date that he is placed on paid administrative leave. The end of the period of paid administrative leave is called the “Determination Date”. As of the Determination Date or upon Employee’s death, the Bank will pay to Employee
or his estate the Accrued Obligations as defined in paragraph 15. 

  
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 14.    Termination of Agreement; Employee Resignation. Each party
has the right to terminate Employee’s employment with the Bank at any time prior to the end of the term specified in paragraph 2, with or without Cause. For purposes of this Agreement, termination shall mean separation from service as defined
by Treasury Regulation§ l.409A-l(h). If Employee decides to terminate his employment under this Agreement, Employee will provide the Bank with two weeks’ advance written notice; provided however that after receiving such notice the
Bank, at any time prior to the end of the notice period, may terminate Employee’s employment immediately and pay Employee for the period that the notice otherwise would have run, in addition to all other amounts and benefits then due under this
Agreement. Except in the case of termination for Good Reason, any voluntary termination or resignation by Employee pursuant to this paragraph shall be deemed for purposes of Employee’s compensation to be treated as if it were a Termination for
Cause and Employee shall only be entitled to the Accrued Obligations. 
 15.    Termination for Cause.
Termination for Cause is defined as (i) willfully breaching Bank policies or banking regulations, (ii) habitually neglecting the duties required to be performed under this Agreement, (iii) committing an intentional act that has a
material detrimental effect on the reputation or business of the Bank, including without limitation an act of sexual harassment in violation of Company policy, (iv) conviction of a felony or committing any such act of dishonesty, fraud,
intentional misrepresentation or moral turpitude as would prevent effective performance of his duties under this Agreement, (v) repeatedly or willfully disregarding or failing to comply with a lawful directive of the board of directors of the
Bank or Bancorp or (vi) the Bank receiving a written finding, order or directive from any state or federal banking regulator with jurisdiction over the Bank ordering the removal of Employee as an executive officer of the Bank
(“Cause”). If the Bank decides to terminate Employee’s employment for Cause, the Bank will provide Employee with a written statement stating the grounds for termination. Upon termination of Employee’s employment for Cause,
Employee will not be entitled to any further amounts or benefits from the Bank except for accrued Base Salary, any annual bonus earned for the prior year but not yet paid, validly incurred and not reimbursed business expenses, and any and all other
benefits earned through Employee’s last day of employment (“Accrued Obligations”), except as otherwise required by law.  

16.    Termination without Cause or Termination for Good Reason. Employee’s employment under this Agreement
may also be terminated prior to the end of the Term by the Bank without Cause or by the Employee for Good Reason. For purposes of this Agreement, “Good Reason” shall mean that one or more of the following has occurred without the
Employee’s written consent: 
 (i) a material negative change in the nature or scope of the Employee’s position,
responsibilities, duties or authority as set forth in paragraph 1; 
 (ii) a material reduction in the Employee’s Base Salary in
violation of this Agreement; 
 (iii) Employee’s required relocation to a worksite location which is more than 25 miles from
Employee’s then current principal worksite without Employee’s consent; or 

  
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 (iv) the Bank’s material breach of this Agreement. 

provided that, in any such case, the Employee provides written notice to the Bank that the event giving rise to such claim of Good Reason has
occurred within 60 days after the first occurrence of such event, and such Good Reason remains uncured by the Bank 30 days after the Employee has provided such written notice; provided further that any resignation of the Employee’s employment
for “Good Reason” occurs no later than 60 days following the expiration of such cure period. 
 If during the Term the Bank
terminates Employee’s employment without Cause or the Employee terminates for Good Reason, the Bank shall pay Employee the Accrued Obligations, and in addition, as full and final severance, the Bank will provide to Employee: (A) within
fifteen business days of effective date of Employee’s release of claims, a lump sum payment in an amount equal to the sum of his then-current annual Base Salary plus the average of the three (3) most recent annual bonuses previously paid
to Employee (collectively, the “Standard Severance”); and (B) commencing within fifteen business days of the effective date of Employee’s release of claims, an amount each month that is equal to the monthly cost of COBRA premium
for equivalent health insurance coverage, as in effect at the date of termination, for a period equal to the lesser of (x) 12 months from the date of Employee’s termination, (y) the number of months between the date of Employee’s
termination and the date on which Employee becomes eligible to begin receiving benefits pursuant to Medicare, or (z) if Employee accepts new employment, the number of months between the date of Employee’s termination and the date on which
Employee becomes eligible to begin receiving benefits under the new employer’s health care plan (“COBRA Severance Benefits”). Notwithstanding the foregoing, if the Bank determines, in its sole discretion, that its payment of the
foregoing premiums on Employee’s behalf would result in a violation of the nondiscrimination rules of Code Section 105(h)(2) or any statute or regulation of similar effect (including but not limited to the 2010 Patient Protection and
Affordable Care Act, as amended by the 2010 Health Care and Education Reconciliation Act), then the Bank shall instead provide Employee each month (for the duration that is the lesser of clauses (x), (y), or (z)) with a taxable payment equal to the
amount of the Company-portion of the premiums which Employee may, but is not required to, use towards the cost of coverage. 

17.        Release Agreement; Resignation. 

(a)    In the event of Termination without Cause by the Bank or a Termination for Good Reason by the Employee, Employee
shall be eligible for the termination benefits and payments provided for in paragraphs 16 and 18 of this Agreement only if he first enters into a form of release agreement in the form of Exhibit A to this Agreement releasing the Bank from any and
all claims, known and unknown, related to Employee’s employment with the Bank and he allows such release to become effective (by its own terms) within 60 days of termination of the Employee’s employment. Further provided that, if such
termination benefits and payments are made by the Bank, and if the 60 day period (plus the fifteen business day period in which to make payment after the release agreement has become effective) spans two calendar years, regardless of when such
release is executed by the Employee, such Standard Severance or Change of Control Severance payment must be made in the later calendar year. This condition 

  
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precedent requiring execution and non-revocation of a release agreement does not apply to payment of the Accrued Obligations. 

(b)    If Employee’s employment terminates at any time and for any reason, such termination of employment shall be
deemed to be an automatic and immediate resignation by Employee from all committees or other positions held with the Bank, effective as of the last date of his employment. 

18.        Change of Control. 

(a)    If during the Term the Bank undergoes a Change of Control, and within one year following such Change of Control
Employee terminates his employment for Good Reason or Employee’s services are terminated by the Bank or its acquirer without Cause, then the Bank shall pay Employee the Accrued Obligations and, in addition, as full and final change of control
severance, the Bank will provide to Employee: (i) a lump sum payment in an amount equal to the two times the sum of (A) his then-current annual Base Salary and (B) the average of the three (3) most recent annual bonuses
previously paid to Employee (collectively, the “Change of Control Severance”); (ii) the acceleration of the vesting of all outstanding and unvested equity awards previously granted to Employee, to the extent permitted under the applicable
equity plan, if any (“Stock Acceleration”); and (iii) the COBRA Severance Benefits. Payment under this paragraph 18(a) shall be provided under the same conditions and timing specified in paragraph 17. 

(b)    If at any time that is less than six (6) months prior to a Change of Control the Bank terminates
Employee’s employment without Cause or Employee terminates his employment for Good Reason, then such termination shall be treated as though it were a termination without Cause occurring within one year following a Change of Control and the Bank
shall provide to Employee if and when the Change of Control is consummated (i) the Stock Acceleration and (ii) the Change of Control Severance minus any Standard Severance previously paid under paragraph 16. Any payments made to Employee
under this paragraph 18(b) will be made at the later of (x) the Change of Control or (y) within fifteen business days after the effective date of Employee’s release of claims. Payment under this paragraph 18(b) shall be subject to the
conditions and timing specified in paragraph 17. For purposes of this Agreement, a “Change of Control” occurs when the Bank experiences a Code Section 409A “change in control event.” 

19.    Indemnification. The parties acknowledge that on or prior to the Effective Date, each of the Bank and
Bancorp has entered into an Indemnification Agreement with Employee. Such Indemnification Agreements remain in full force and effect and shall not be modified or otherwise affected by this Agreement, its modification or its termination. 

20.    Purchase or Return of Bank Property. Upon termination of Employee’s employment, Employee shall return
all items of Bank property in his possession or under his control, provided that Employee may upon written notice to the Bank, elect to purchase any or all of his mobile phone, iPad and notebook computer at their then respective depreciated value,
subject to Bank removing any Bank property or data or that of its customers. 

  
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 21.    Reimbursement of Business Expenses. During the Term,
Employee will be reimbursed by the Bank for his ordinary, reasonable and necessary business expenses incurred by Employee in the performance of his duties and in furthering the Bank’s interests, including the costs of a cell phone using Bank
designated equipment and service provider and, with the approval of the Bank’s Chief Executive Officer, continuing education programs. Employee will be diligent in observing the expense policies of the Bank. He will at all times be prudent and
use good judgment in balancing the Bank’s objectives of minimizing expenses while at the same time aggressively seeking new business opportunities and a position in the community. He will prepare and promptly submit expense reports with
substantially adequate records and other documentary evidence as required by the Bank’s policies or by federal and state statutes and regulations with respect to the substantiation of such expenditures as deductible business expenses of the
Bank. The Bank shall reimburse Employee for all such expenses within 30 days of Employee’s written notice to Bank of such expenses. 

22.    Confidential and Proprietary Information and Trade Secrets. All records of the accounts of customers, and
any other records and books relating in any manner whatsoever to the customers of the Bank, and all other files, books and records and other materials owned by the Bank or used by it in connection with the conduct of its business, whether prepared
by Employee or otherwise coming into Employee’s possession, shall be the exclusive property of the Bank regardless of who actually prepared the original material, book or record. All such books and records and other materials shall be
immediately returned to the Bank by Employee upon the end of his employment for any reason. Employee agrees that all information, including but not limited to that which is directly or indirectly related to the Bank’s financial status,
profitability, deposit base, portfolio size and quality as well as its customers and prospective customers, is confidential and proprietary to the Bank and that he will maintain such information as confidential. Employee agrees that as a condition
of employment he will execute such form of confidentiality agreement as the Bank may adopt from time to time for senior officers of the Bank. 

During the term of employment Employee shall have access to and become acquainted with trade secrets of the Bank, including the names of
customers and clients, their financial condition and financial needs, financial information regarding the Bank and other information relating to the Bank’s products, services and methods of doing business. Employee agrees not to disclose any of
the Bank’s trade secrets, directly or indirectly, or use them in any way, either during the term of employment (except as required in the course of employment with the Bank) or at any time thereafter. 

23.    Unsecured General Creditor. Neither Employee nor any other person or entity shall have any legal right or
equitable rights, interests or claims in or to any property or assets of the Bank under the provisions of this Agreement. No assets of the Bank shall be held under any trust for the benefit of Employee or any other person or entity or held in any
way as security for the fulfilling of the obligations of the Bank under this Agreement. All of the Bank’s assets shall be and remain the general, unpledged, unrestricted assets of the Bank. The Bank’s obligations under this Agreement are
unfunded and unsecured promises, and to the extent such promises involve the payment of money, they are promises to pay money in the future. Employee and any person or entity claiming through him shall be unsecured general creditors with respect to
any rights or benefits hereunder. 

  
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 24.    Excise Tax Provision. Notwithstanding anything elsewhere
in this Agreement to the contrary, if any of the payments or benefits provided for in this Agreement, together with any other payments or benefits (the “Payment”) which Employee has the right to receive from the Bank (or its affiliated
companies) or any acquirer of the Bank, would constitute an “excess parachute payment” within the meaning of Section 280G of the Internal Revenue Code (the “Code”) and be subject to the excise tax imposed by
Section 4999 of the Code (the “Excise Tax”), such Payment shall be reduced to the least extent necessary so that no portion of the Payment shall be subject to the Excise Tax, but only if, by reason of such reduction, the net after-tax benefit received by the Employee as a result of such reduction will exceed the net after-tax benefit that would have been received by the Employee if no such
reduction were made. The Payment shall be reduced, if applicable, by the Bank in the following order of priority: (A) reduction of any cash severance payments otherwise payable to the Employee that are exempt from Section 409A of the Code;
(B) reduction of any other cash payments or benefits otherwise payable to the Employee that are exempt from Section 409A of the Code, but excluding any payments attributable to any acceleration of vesting or payments with respect to any
equity award that are exempt from Section 409A of the Code; (C) reduction of any payments attributable to any acceleration of vesting or payments with respect to any equity award that are exempt from Section 409A of the Code, in each
case beginning with payments that would otherwise be made last in time; and (D) reduction of any other payments or benefits otherwise payable to the Employee on a pro-rata basis or such other manner that
complies with Section 409A of the Code, but excluding any payments attributable to any acceleration of vesting and payments with respect to any equity award that are exempt from Section 409A of the Code. If, however, such Payment is not
reduced as described above, then such Payment shall be paid in full to the Employee and the Employee shall be responsible for payment of any Excise Taxes relating to the Payment. 

25.    Adjustment of Severance Payment Amounts to Accommodate Internal Revenue Code Section 409A
Limitation. It is the intention of the Bank and Employee that all payments made in connection with a termination of employment under this Agreement either be exempt from, or otherwise comply with, Section 409A of the Code. Notwithstanding
any other term or provision of this Agreement, to the extent that any provision of this Agreement is determined by the Bank with the advice of its independent accounting firm or other tax advisors to be subject to and not in compliance with
Section 409A of the Code, including, without limitation, the definition of “change in control” or “disability,” the timing of commencement and completion of severance and/or other benefit payments to Employee hereunder, or
the amount of any such payments, such provisions shall be interpreted in the manner required to comply with Section 409A. The Bank and Employee acknowledge and agree that such interpretation could, among other matters, (i) limit the
circumstances or events that constitute a “change in control” or “disability,” (ii) delay for a period of six (6) months or more, or otherwise modify the commencement of severance and/or other benefit payments, and/or
(iii) modify the completion date of severance and/or other benefit payments. The parties agree, however, that if the date of payment called for by this Agreement is altered pursuant to the requirements of Section 409A, then the timing of
such payment shall be adjusted to the earliest practicable date, but the amount of such payment will not be adjusted, thus insuring the payment in full of all payments promised hereunder. In addition, each payment hereunder is intended to constitute
a separate payment from each other payment for purposes of Treasury Regulation § l.409A-2(b)(2). 

  
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 Notwithstanding the above, the Bank and Employee further acknowledge and agree that if, in
the judgment of the Bank and its independent accounting firm or other tax advisors, amendment of this Agreement is necessary to comply with Section 409A, the Bank and Employee will negotiate reasonably and in good faith to amend the terms of
this Agreement to the extent necessary so that it complies with Section 409A of the Code. 
 26.    Regulatory
Restrictions. The parties understand and agree that if at the time any payment would otherwise be made or benefit provided under paragraphs 16 or 18 depending on the facts and circumstances existing at such time, the satisfaction of such
obligations by the Bank may be deemed by a regulatory authority to be illegal, an unsafe and unsound practice, or for some other reason not properly due or payable by the Bank. Among other restrictions, the regulations at 12 C.F.R., Part 30,
Appendix A promulgated pursuant to Section 39(a) of the Federal Deposit Insurance Act, and at 12 C.F.R. Part 359, or similar regulations or regulatory action following similar principles may apply at such time. The parties understand,
acknowledge and agree that, notwithstanding any other provision of this Agreement, the Bank shall not be obligated to make any payment or provide any benefit under paragraphs 16 or 18 where an appropriate regulatory authority disapproves or does not
acquiesce as required, if required, and the authority’s disapproval or non-acquiescence is documented in a writing from the authority a copy of which is actually provided by the authority or the Bank to
Employee. 
 27.    No Conflicting Agreements. Employee represents that his performance of all of the terms of
this Agreement and any service to be rendered as an employee of the Bank does not and will not breach any fiduciary or other duty or any covenant, agreement or understanding, including without limitation any agreement relating to any proprietary
information, knowledge or data acquired by Employee in confidence, trust or otherwise prior to Employee’s employment by the Bank to which Employee is a party or by the terms of which Employee may be bound. Employee covenants and agrees that he
will not disclose to the Bank, or induce the Bank to use, any proprietary information, knowledge or data, belonging to any previous employer or others and that Employee will disclose to the Bank the terms of any prior confidentiality agreement or
agreements Employee has entered into. Employee further covenants and agrees not to enter into any agreement or understanding, either written or oral, in conflict with the provisions of this Agreement. 

28.    Successors and Assigns. This Agreement will inure to the benefit of and be binding upon the Bank and any of
its successors and assigns. In view of the personal nature of the services to be performed under this Agreement by Employee, he will not have the right to assign or transfer any of his rights, obligations or benefits under this Agreement, except as
may be required by the surviving entity in a Change of Control. 
 29.    Governing Law. This Agreement will at
all times and in all respects be governed by the laws of the State of California applicable to transactions wholly performed in California between California residents, except to the extent governed by the laws of’ the United States of America
in which case federal laws shall govern. 
 30.    Arbitration. All claims, disputes and other matters in
question arising out of or relating to the employment relationship or its termination shall be resolved by binding arbitration before a representative member, selected by the mutual agreement of parties, of the Judicial

  
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Arbitration and Mediation Services, Inc. (“JAMS”), in accordance with the rules and procedures of JAMS then in effect. In the event JAMS is unable or unwilling to conduct such
arbitration, or has discontinued its business, the Bank and Employee agree that a representative member, selected by the mutual agreement of the parties, of the American Arbitration Association (“AAA”), shall conduct such binding
arbitration in accordance with the rules and procedures of the AAA then in effect. 
 Notice of the demand for arbitration shall be filed in
writing with the other party to this Agreement and with JAMS (or AAA, if necessary). In no event shall the demand for arbitration be made after the date when institution of legal or equitable proceedings based on such claim, dispute or other matter
in question would be barred by the applicable statute of limitations. Any award rendered by JAMS or AAA shall be final and binding upon the parties, and as applicable, their representative heirs, beneficiaries, legal representatives, agents,
successors and assigns, and may be entered in any court having jurisdiction thereof. The obligation of the parties to arbitrate pursuant to this paragraph 30 shall be specifically enforceable in accordance with, and shall be conducted consistently
with, the provisions of Title 9 of Part 3 of the California Code of Civil Procedure. Either party may seek preliminary injunctive or equitable relief from a court in furtherance of the arbitration. Any arbitration hereunder shall be conducted in
Alameda County, California, unless otherwise agreed to by the parties. 
 31.    Advice to Seek Counsel. Employee
acknowledges that he has been advised by the Bank that this Agreement imposes legal obligations upon him and to consult with legal counsel with regard to this Agreement. Employee acknowledges that he has been afforded the opportunity to obtain legal
counseling with regard to this Agreement. 
 32.    Notices. Any notice required to be given hereunder will be
sufficient if in writing and sent by certified or registered mail, return receipt requested, first-class-postage-paid, and sent, in the case of Employee, to Employee’s address as shown on the Bank’s records and, in the case of the Bank, to
its principal office, addressed to the Chairman of the Board. Notices will be deemed given when actually received, or three days after mailing, whichever is earlier. E-mail will also be sufficient and may be
relied upon by the sender if and only if the latter has received e-mail or written confirmation from the party to whom such e-mail was sent. 

33.    Entire Agreement; Modification; Severability. This Agreement and any attachments hereto contain the entire
agreement and understanding by and between the Bank and Employee with respect to the subject matter herein, and no representation, promise, agreement or understanding, written or oral, not herein contained will be of any force or effect. No
modification hereof will be valid or binding unless in writing and signed by the party intended to be bound. No waiver of any provision of this Agreement will be valid unless in writing and signed by the party against whom such waiver is sought to
be enforced. No valid waiver of any provision of this Agreement at any time will be deemed a waiver of any other provision of this Agreement, or will be deemed a valid waiver of any of such provision at any other time. If any provision of this
Agreement is held by a court of competent jurisdiction or an arbitration body to be invalid, void or unenforceable, the remaining provisions of this Agreement will, nonetheless, continue in full force without being impaired or invalidated in any
way. 

  
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 34.    Non-Competition, Non-Solicitation. During the Term, Employee will not directly or indirectly engage in or prepare to engage in any banking or financial products business, loan origination or deposit taking business or any other
business competitive with the Bank. During the Term and for a period of eighteen (18) months thereafter, Employee shall not directly or indirectly induce or solicit, or attempt to induce or solicit, any employee, contractor or consultant
of the Bank to terminate his/her employment or relationship with the Bank or otherwise interfere with the employment or service relationship between the Bank and its employees, contractors or consultants. 

35.    Regulatory Approval. In the event that any regulatory authority with jurisdiction over the Bank disapproves
of any provision of this Agreement, the parties hereto will use their commercially reasonable best efforts, acting in good faith, to amend the Agreement in a manner that will be acceptable to the parties and to the regulatory authorities. 

36.    Counterparts. This Agreement may be executed in one or more counterparts, all of which together shall
constitute a single agreement and each of which shall be an original for all purposes. 
 [signature page follows] 

  
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 In witness whereof, the Bank and Employee have duly executed both counterparts of this
Agreement and it is effective as of the Effective Date. 
 CALIFORNIA BANK OF COMMERCE 

By: /s/ Steven E.
Shelton                                 

Name: Steven E.
Shelton                                 

Title: President and Chief Executive Officer 
 EMPLOYEE

 /s/ Thomas A.
Sa                                         
    

  
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 EXHIBIT A 

RELEASE AGREEMENT 

California Bank of Commerce (‘‘Bank”) and Thomas A. Sa (“Employee”) hereby enter into this Release Agreement (the
“Agreement”). The parties agree as follows: 
 1.    Consideration for Release. In consideration for
the releases and covenants contained in this Agreement, Bank shall pay to Employee the sums described in paragraphs 16 or 18, as applicable, of the Employment Agreement dated as of May 20, 2019 between Bank and Employee (the “Employment
Agreement”). Employee acknowledges that the payment of such sums provides good, sufficient and valuable consideration for Employee’s covenants, waivers, and releases contained in this Agreement. Employee understands that Bank’s
willingness to pay such sums is contingent upon Employee’s fulfillment of his obligations contained herein. If Employee revokes this Agreement as described in Section 5 below, Bank shall be released from its obligations under this
Agreement and paragraph 16 or 18, as applicable, of the Employment Agreement. 
 2.    General Mutual Release. In
exchange for the consideration described in this Agreement the adequacy of which is hereby acknowledged, each party hereto, on behalf of himself or itself and his or its heirs, successors and assigns, hereby fully releases and forever discharges the
other party hereto, including each of their officers, directors, agents, employees, attorneys, parents, affiliates and/or subsidiaries, from any and all claims, actions and liabilities of any kind or character whatsoever, arising at law or in
equity, known or unknown, suspected or unsuspected, that such party has ever had, now has or may now have against the other party, including, without limitation, all claims directly or indirectly related to or arising out of Employee’s
employment by Bank, the performance of his duties during that employment, and/or the termination of or his resignation from that employment. This waiver and release specifically includes, but is not limited to, all claims, if any, whether arising in
tort or in contract, related to Employee’s employment, including any and all claims for wrongful discharge or wrongful termination; claims for alleged violation of public policy or breach of implied covenant of good faith and fair dealing;
claims for breach of fiduciary duty; claims for negligent or intentional infliction of emotional distress; claims arising in connection with Employee’s compensation, benefits, warrants and/or stock options; claims for breach of express or
implied contract or for further monetary compensation by way of additional salary or bonus allegedly due Employee by reason of his employment with Bank; and all other claims, based on common law or federal or state statute, including claims for
discrimination based on age arising under state statute or the federal Age Discrimination in Employment Act, the Older Workers’ Benefits Protection Act, or any similar federal or state law prohibiting age discrimination. Notwithstanding the
foregoing, the claims released in this Section do not include any intentional acts by Employee that are outside the course and scope of Employee’s employment with Bank. This Agreement will not affect Employee’s entitlement to benefits
described in the Employment Agreement (including Employee’s right to continued healthcare under the Employment Agreement and/or COBRA), or any non-waivable benefits under California’s unemployment or worker’s compensation laws, nor
shall this Agreement constitute a release of any claims for breach of the Employment Agreement by Bank. 

 3.    Waiver of Unknown Claims or Rights. Employee acknowledges
that he is waiving unknown claims pursuant to California Code of Civil Procedure Section 1542, and he expressly waives such rights as quoted below: 

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE
TIME OF EXECUTING THE RELEASE AND THAT, IF KNOWN BY HIM OR HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY. 

Employee hereby expressly waives any rights he may have under any other statute or common law principles of similar effect. 

4.    Knowing and Voluntary Agreement. Employee acknowledges he is freely and voluntarily entering into this
Agreement based on his own judgment and not as a result of any representations or promises made by Bank, other than those contained in this Agreement. Employee also acknowledges that he has been given a full opportunity to review this Agreement with
an attorney, and has signed it only after full reflection and analysis of its provisions. 
 5.    Review Period,
Acceptance, ADEA Waiver, Waiting and Revocation Period. Employee acknowledges and understands that the release of claims under the Age Discrimination in Employment Act (“ADEA’’), 29 U.S.C. Sections
621-634, is subject to special waiver protections under 29 U.S.C. Section 626(f). In accordance with the ADEA and the Older Workers benefits Protection Act (“OWBPA”), Employee specifically
agrees that he is knowingly and voluntarily releasing and waiving any rights or claims of age discrimination under the ADEA. In particular he acknowledges that he understands that: 

(i)    he is not waiving any claims for age discrimination under the ADEA that may arise after the date he signs this
Agreement and he is not waiving vested benefits if any; 
 (ii)    he is waiving rights or claims for age
discrimination under the ADEA in exchange for payments described above, which are in addition to anything of value to which he is already entitled; and 

(iii)    he is advised to consult with and has had an opportunity to consult with an attorney before signing this
Agreement. 
 Employee understands and agrees that he has up to 21 days to review this Agreement. This Agreement is revocable by Employee
for seven days following his signing of this Agreement (“Revocation Period”). This Agreement automatically becomes enforceable and effective on the eighth (8th) day after the Agreement is signed by Employee, provided there has been no
timely revocation. 

 6.    Non-Execution or
Revocation of Agreement. In the event that Employee does not execute this Agreement or revokes it within the time provided, he shall not be entitled to receive the payment described in Section 1 of this Agreement. 

7.    Warranties. Employee warrants and represents that there are no liens or claims of lien or assignments in law
or equity or otherwise on or against any potential claims or causes of action released herein, and, further, that Employee is fully entitled and duly authorized to give this complete and final general release and discharge. Employee warrants that he
has not filed any lawsuits or administrative claims against Bank, and he is not aware of any claims, filed by him against Bank in any forum, that are pending. 

The parties have read and understand the terms of this Agreement, have had an opportunity to consult with an attorney, and hereby voluntarily
and knowingly agree to its terms. 
  

					
	                                      
                            	 		  	Date:                                     
                       
	Thomas A. Sa	 		  	
			
	CALIFORNIA BANK OF COMMERCE	 		  	
			
	By:                                     
                       	 		  	Date:                                     
                       
	Its: Chairman of the BoardEX-10.14

 Exhibit 10.14 

EXECUTIVE SUPPLEMENTAL COMPENSATION AGREEMENT 

(By and Between California Bank of Commerce and Steven E. Shelton) 

This Executive Supplemental Compensation Agreement (hereinafter “Agreement”) is made and entered into effective as
of May 7, 2018 by and between California Bank of Commerce (hereinafter the “Bank” or the “Employer”), a state-chartered commercial bank with its principal offices located in the city of Lafayette, California and Steven E.
Shelton, an Executive of the Bank (the “Executive”). 
 WHEREAS, it is deemed to be in the best interests of the
Employer to provide the Executive with certain fringe benefits, on the terms and conditions set forth herein, in order to reasonably induce the Executive to remain in the Bank’s employ during the Executive’s lifetime or until the age of
retirement; and 
 WHEREAS, Executive and the Employer wish to specify in writing the terms and conditions upon which these
certain fringe benefits will be provided to the Executive; and 
 WHEREAS, it is the intent of the parties hereto that this
Agreement be considered an unfunded arrangement maintained primarily to provide supplemental retirement benefits for the Executive, who is a member of management and a highly compensated employee within the meaning of the Employee Retirement Income
Security Act of 1974, as amended (“ERISA”); and 
 WHEREAS it is the intent of the parties hereto that this
Agreement be compliant with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), 

NOW, THEREFORE, in consideration of the past employment performance and the services to be performed by Executive in the
future, as well as the mutual promises and covenants contained herein, Executive and the Employer agree as follows: 

1.0        Definitions. For the purposes of this Agreement, the following
terms shall have the meanings indicated, unless the context clearly indicates otherwise. In addition, in the event of any ambiguity, then any terms herein shall be interpreted so as to be compliant with Internal Revenue Code Section 409A. 

1.1      Accrued Liability Balance. For the purposes of this
Agreement, the “Accrued Liability Balance” means the liability accrued by the Bank to fund the future benefit payments associated with this Agreement. The Bank shall accrue the liability associated with this benefit using Generally
Accepted Accounting Principles, regulatory accounting guidance of the Bank’s primary federal regulator, and other applicable accounting guidance. The discount rate employed shall be periodically adjusted by the Bank and will be within
reasonable standards according to GAAP. Any one of a variety of amortization methods may be used to determine the Accrued Liability Balance; however, once chosen, the method must be consistently applied. 

1.2      Actuarial Equivalent. The term “Actuarial
Equivalent” (“Actuarially Equivalent”) means equivalence in value between two or more forms and/or times of payment 

  
 1 

 
based on a determination by an actuary chosen by the Committee, utilizing the discount rate and mortality table assumptions chosen by the Committee to account for this Agreement as of the date of
Executive’s Separation From Service or Disability. In addition, when determining Actuarially Equivalent benefit amounts for the purposes of determining single life vs. joint and survivor annuity payments, such determination shall be made in a
manner which is compliant with IRC 409A. 
 1.3      Administrator. The Bank
shall be the “Administrator” of this Agreement. 
 1.4      Applicable
Percentage. The term “Applicable Percentage” means the percentage of the Executive Benefit to which Executive may be entitled based on the date on which he Separates From Service with the Bank. While the following chart reflects
the Applicable Percentage as of the specified date for the given year, it is the intent of the parties that a Separation From Service at any time during the calendar year shall result in a pro-rata (daily)
increase in the Applicable Percentage. Subject to the forgoing and any contractually mandated acceleration, the Applicable Percentage shall be determined as follows: 
  

			
	Date of Separation from Service	 	Applicable Percentage
	May 7, 2018	 	0%
	May 7, 2019	 	10%
	May 7, 2020	 	20%
	May 7, 2021	 	30%
	May 7, 2022	 	40%
	May 7, 2023	 	50%
	May 7, 2024	 	60%
	May 7, 2025	 	70%
	May 7, 2026	 	80%
	May 7, 2027	 	90%
	May 7, 2028 and Thereafter	 	100%

 Notwithstanding the forgoing, the specific benefit to which Executive shall be entitled shall
be determined by the facts and circumstances surrounding his Separation from Service. 

1.5      Base Salary. “Base Salary” shall mean the regular cash
compensation actually paid to Executive for services rendered or labor performed by Executive during a given calendar year, excluding, without limitation, bonuses, commissions, overtime, incentive payments, equity compensation and non-monetary awards. Base Salary shall include amounts Executive could have received in cash in lieu of (i) contributions made on Executive’s behalf to a qualified plan maintained by the Bank or to any
cafeteria plan under Section 125 of the Code maintained by 

  
 2 

 
Employer and (ii) deferrals of compensation made at the Executive’s election pursuant to a plan or arrangement of the Employer. 

1.6      Board of Directors. The term “Board of Directors” or
“Board” shall mean the Board of Directors of California Bank of Commerce. 

1.7      Change in Control. For the purpose of this Agreement, a Change in
Control shall include any of the following (and for the purposes of this provision, the term “corporation” shall mean the “Bank” as defined above): 
  

	 	A.	 Change in the Ownership of a Corporation. A change in the ownership of a corporation occurs on the
date that any one person or persons acting as a group (as defined in IRC 409A), acquires ownership of stock of the corporation 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 such corporation. The acquisition of additional stock by the same person or group is not considered to cause a change in the ownership of the corporation. 

 

	 	B.	 Change in the Effective Control of a Corporation. A change in the effective control of the
corporation shall be deemed to occur on either of the following dates: 

  

	 	    	 (i) The date any one person, or persons acting as a group acquires (or has acquired during the twelve
(12) month period ending on the date of the most recent acquisition by such person or group) ownership of stock of the corporation possessing thirty percent (30%) or more of the total voting power of the stock of such corporation; or

  

	 	    	 (ii) The date a majority of members of the corporation’s board of directors is replaced during any
twelve (12) month period by directors whose appointment or election is not endorsed by a majority of the members of the corporation’s board of directors before the date of the appointment or election. 

 

	 	C.	 Change in the Ownership of a Substantial Portion of a Corporation’s Assets. A
change in the ownership of a substantial portion of a corporation’s assets shall be deemed to occur on the date that any one person or group acquires (or has acquired during the twelve (12) month period ending on the date of the most
recent acquisition by such person or persons) assets from the corporation that have a total gross fair market value equal to or more than forty percent (40%) of the total gross fair market value of all of the assets of the corporation immediately
before such acquisition or acquisitions. No Change in Control shall result if the assets are transferred to certain entities controlled directly or indirectly by 

  
 3 

	 	 
the shareholders of the transferring corporation. 

In addition, to constitute a change in control event with respect to the Executive, the change in control event must relate to
(i) the corporation for which the Executive is performing services at the time of the Change in Control; (ii) the corporation that is liable for the payment of the amounts described herein (or all corporations liable for the payment if
more than one corporation is liable) but only if either the deferred compensation is attributable to the performance of service by the Executive for such corporation(s) or there is a bona fide business purpose for such corporation(s) to be liable
for such payment and, in either case, no significant purpose of making such corporation(s) liable for such payment is the avoidance of Federal income tax; or (iii) a corporation that is a majority shareholder of a corporation identified in (i)
or (ii) above, or any corporation in a chain of corporations in which each corporation is a majority shareholder of another corporation in the chain, ending in a corporation identified in (i) or (ii) above. 

1.8      The Code. The “Code” shall mean the Internal Revenue Code of
1986, as amended. 
 1.9      Committee. The term “Committee”
shall mean the Compensation Committee of the Board of Directors of California Bank of Commerce. 

1.10    Designated Beneficiary(ies). The term “Designated Beneficiary(ies)”
or “Beneficiary(ies)” shall mean any individual(s) or entities designated to receive any Executive Benefit due or outstanding to Executive upon his death. The Beneficiary(ies) shall be designated in accordance with the provisions of
Paragraph 5.0 (and the subsequent subparagraphs). 
 1.11    Disability/Disabled.
For the purposes of this Agreement, Executive will be considered Disabled if it is determined, in a manner consistent with IRC 409A, that: 
  

	 	A.	 The Executive is unable to engage in any substantial gainful activity by reason of any medically
determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months; or 

 

	 	B.	 The Executive is, by reason of any medically determinable physical or mental impairment that can be expected
to result in death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering
employees of the Employer. 

 In the event a disability policy has been purchased by Employer for Executive, then the
individual or entity responsible for determining such disability thereunder shall determine Executive’s Disability under this Agreement (using the forgoing Disability definition). In the 

  
 4 

 
event no such disability policy exists, then the Administrator shall make a good faith determination of Disability in a manner consistent with IRC 409A. 

1.12    Effective Date. The term “Effective Date” shall mean the date first
written above. 
 1.13    Employer. The term the “Employer” shall mean
California Bank of Commerce, any subsidiaries or affiliates thereof, or any successors thereto. 

1.14    ERISA. The term “ERISA” shall mean the Employee Retirement Income
Security Act of 1974, as amended. 
 1.15    Executive Benefit. For the purposes of
this Agreement, the term “Executive Benefit” shall refer to the benefit to which Executive may be entitled to receive pursuant to this Agreement. Amounts actually received by the Executive, however, shall be determined pursuant to Sections
1 through 4 (including sub-paragraphs, as applicable), forfeited, reduced or adjusted to the extent: (a) required under the other provisions of this Agreement; (b) required by reason of the lawful
order of any regulatory agency or body having jurisdiction over Employer; or (c) required in order for Employer to comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability
income tax laws (e.g., FICA, FUTA, SDI). 
 1.16    Involuntary
Termination/Involuntary Separation From Service. In accordance with IRC 409A, the terms “Involuntary Termination” or “Involuntary Separation From Service” shall mean a Separation From Service due to
the independent exercise of the unilateral authority of the Bank to terminate Executive’s services, other than due to Executive’s implicit or explicit request, where Executive was willing and able to continue performing services (and not
as the result of death, Disability or a Termination For Cause). 
 1.17    IRC
409A. The term “IRC 409A” shall refer to Section 409A of the Code and the final regulations issued by the IRS and the Treasury Department under Section 409A of the Code. 

1.18    Normal Retirement / Normal Retirement Date. The term “Normal
Retirement” shall mean the Executive’s Separation From Service on or after May 7, 2028 and for reasons other than a Termination for Cause or because of death or Disability. The “Normal Retirement Date” shall be May 7,
2028. 
 1.19    Participant. For the purpose of this Agreement, the terms
“Executive” and “Participant” shall be interchangeable. 

1.20    Separation From Service/ Termination of Employment. The terms
“Separation From Service” (Separates From Service) and “Termination of Employment” shall be used interchangeably for the purposes of this Agreement and shall be defined in accordance with the provisions of IRC 409A. IRC 409A
provides that whether a termination of employment has 

  
 5 

 
occurred is determined based on whether the facts and circumstances indicate that the Bank and Executive reasonably anticipate that no further services will be performed after a certain date or
that the level of bona fide services the Executive will perform after such date (whether as an employee or as an independent contractor) will permanently decrease to no more than twenty percent (20%) of the average level of bona fide services
performed (as an employee or an independent contractor) over the immediately preceding thirty-six (36) month period (or the full period of services to the Employer if the Executive has been providing
services to the Employer less than 36 months). There shall be no Separation From Service while the Executive is on military leave, sick leave or other bona fide leave of absence, as long as such leave does not exceed six (6) months, or if
longer, so long as the Executive retains a right to re-employment with the Employer under an applicable statute or by contract. 

1.21    Specified Employee. The term “Specified Employee” means an
employee who, as of the date of Separation From Service, is a key employee of an employer of which any stock is publicly traded on an established securities market or otherwise. An employee is a key employee if the employee meets the requirements of
section 416(i)(1)(A)(i), (ii), or (iii) of the Code (applied in accordance with the regulations thereunder and disregarding section 416(i)(5) of the Code) at any time during the twelve (12) month period ending on a specified employee
identification date. If Executive is a key employee as of a specified employee identification date, then Executive shall be treated as a key employee for the entire twelve (12) month period beginning on the specified employee effective date.

 1.22    Target Benefit Amount. For the purposes of this Agreement, the
“Target Benefit Amount” shall be an amount equal to twenty-five percent (25%) of the average of Executive’s three (3) highest calendar years of Base Salary (as of the date of Separation From Service, death or Disability). For
illustrative purposes only, attached hereto and incorporated by reference herein as “Exhibit A” is an illustration of Executive’s projected salary and potential benefit under this Agreement. This illustration is in no way a guarantee
of benefits, salary or benefit amounts, but rather is intended to provide a framework for understanding potential benefits provided hereunder. Furthermore, the illustration in Exhibit A is based on certain assumptions which may or may not be
accurate at the time a benefit is due or vests. 
 1.23    Termination For
Cause. For the purposes of this Agreement, “Termination for Cause” shall be defined as Executive’s Termination of Employment with the Bank for one or more of the following reasons: 

 

	 	A.	 Willfully breaching Bank policies or banking regulations; 

 

	 	B.	 Habitually neglecting the duties required to be performed under Executive’s Employment Agreement;

  

	 	C.	 Committing an intentional act that has a material detrimental effect on the reputation or business of the
Bank; 

  
 6 

	 	D.	 Conviction of a felony or committing any act of dishonesty, fraud, intentional misrepresentation or moral
turpitude as would prevent effective performance of Executive’s duties under Executive’s Employment Agreement; 

  

	 	E.	 Repeatedly or intentionally disregarding or failing to comply with a directive of the Board of Directors; or

  

	 	F.	 The Bank receiving a written finding, order or directive from any state or federal banking regulator with
jurisdiction over the Bank ordering the removal of Executive as an executive officer of the Bank. 

1.24    Termination For Good Reason. A Termination of Employment shall be
deemed to be “For Good Reason” if Executive Separates From Service on or after the occurrence of any of the below events, and such events occur without the Executive’s consent: 

 

	 	A.	 A material diminution in Executive’s base compensation; 

 

	 	B.	 A material diminution in Executive’s authority, duties, or responsibilities; 

 

	 	C.	 A material diminution in the authority, duties, or responsibilities of the supervisor to whom the Executive
is required to report, including a requirement that Executive report to a corporate officer or employee instead of reporting directly to the Board; 

  

	 	D.	 A material diminution in the budget over which Executive retains authority; 

 

	 	E.	 A material change in the geographic location at which Executive must perform services;

  

	 	F.	 Any other action or inaction that constitutes a material breach by the Employer of Executive’s
Employment Agreement. 

 In the event of any of the forgoing circumstances, Executive shall provide notice
to the Employer of the existence of the conditions described above within a period not to exceed ninety (90) days of the initial existence of said condition, upon the notice of which the Employer must be provided a period of at least thirty
(30) days during which it may remedy the condition. If the condition is not remedied within those thirty (30) days and Executive Voluntarily Terminates within the two (2) year period following the initial occurrence of one or more of
these conditions, then such Separation From Service shall be deemed to have been a “Termination For Good Reason”. 

1.25    Voluntary Termination. The term “Voluntary Termination” or
“Voluntarily Terminates” shall mean a Separation From Service elected by the Executive and not as a result of 

  
 7 

 
death or Disability. 
 2.0      Scope, Purpose
and Effect. 
 2.1      Not a Contract of Employment.
Although this Agreement is intended to provide Executive with an additional incentive to remain in the employ of the Employer, this Agreement shall not be deemed to constitute a contract of employment between Executive and the Employer, nor
shall any provision of this Agreement restrict or expand the right of the Employer to terminate Executive’s employment. This Agreement shall have no impact or effect upon any separate written Employment Agreement which Executive may have with
the Employer, it being the parties’ intention and agreement that unless this Agreement is specifically referenced in said Employment Agreement (or any modification thereto), this Agreement (and the Employer’s obligations hereunder) shall
stand separate and apart and shall have no effect on or be affected by, the terms and provisions of the Employment Agreement. 

2.2        Fringe Benefit. The benefit provided by this
Agreement is granted by the Bank as a fringe benefit to the Executive and is not a part of any salary reduction plan or any arrangement deferring a bonus or a salary increase. The Executive has no option to take any current payments or bonus in lieu
of the benefits provided by this Agreement. 
 2.3      Prohibited
Payments. Notwithstanding anything in this Agreement to the contrary, if any payment made under this Agreement is a “golden parachute payment” as defined in Section 18(k) of the Federal Deposit Insurance Act (12 U.S.C.
section 1828(k) and Part 359 of the Rules and Regulations of the Federal Deposit Insurance Corporation (collectively, the “FDIC Rules”) or is otherwise prohibited, restricted or subject to the prior approval of a bank regulator, no payment
shall be made hereunder without complying with said FDIC Rules. 
 3.0      Payment Restrictions and
Limitations. 
 3.1      Delay in Payments for Specified Employee in the
Event of a Separation From Service and Compliance With IRC 409A. If Executive is a Specified Employee as of the date of his Separation From Service, then any payment conditioned upon a Separation From
Service may not be made before the date that is six (6) months after the date of Separation From Service (or, if earlier than the end of the six (6) month period, the date of Executive’s death). 

In the event payments to which Executive would otherwise be entitled during the first (1st) six (6) months following a
Separation From Service are subject to this six (6) month delay in payment, then such payments shall be accumulated and paid on the first (1st) day of the seventh (7th) month following the
date of Separation From Service. Payments will then continue thereafter as called for pursuant to the terms of this Agreement. 

Notwithstanding any provision existing in this Agreement or any amendment thereto, it is the intent of the Bank and Executive
that any payment or benefit provided pursuant to this Agreement shall be made and paid in a manner, at a time and in a form which complies with the 

  
 8 

 
applicable requirements of IRC 409A, in order to avoid any unfavorable tax consequences resulting from any such failure to comply. 

3.2      Modifying Form of Benefit Payment/Single Life Annuity versus Joint
Life. Subject to the requirement that the methodology for calculation of “Actuarial Equivalence” be consistent with IRC 409A, when the Executive Benefit herein provides for payment as a single life annuity, then, in the
alternative, Executive may elect an alternative annuity payout method as approved by the Bank and as illustrated in “Exhibit B”, the Distribution Election Form. “Exhibit C”, attached hereto, provides hypothetical examples of how
the benefit payments might differ between a single life annuity, a joint life annuity or a life annuity with a period certain element. The benefit payment commencement date and schedule shall otherwise remain unchanged. Any election to use an
alternate annuity payment method must be made prior to the earlier of the payment start date or Executive’s death and, other than as addressed herein below, the Executive shall not have the ability to modify the form of annuity elected once
payments have begun. In the event, however, that a joint and survivor annuity option is elected and Executive’s spouse pre-deceases Executive, then for all payments made to Executive after his
spouse’s death, the amounts payable under this Agreement shall increase and be equal to the payment amounts Executive would have received under a single life annuity option. Executive shall not be able then to designate a new spouse and
reinstate joint life annuity payments. 
 3.3      Change in Time or Form of
Distributions. Executive and the Bank may amend this Agreement to change the timing or form of distributions, however any such amendment must comply with Code Section 409A, including the following: 

 

	 	A.	 A modification may not accelerate the time or schedule of any distribution, except as provided in Code
Section 409A; 

  

	 	B.	 A modification must be made at least twelve (12) months prior to the first scheduled distribution;

  

	 	C.	 A modification must delay the commencement of distributions for a minimum of five (5) years from the
date the first distribution was originally scheduled to be made; 

  

	 	D.	 A modification may not take effect until twelve (12) months has elapsed. 

3.4      Withholding of Payroll Taxes. Employer shall withhold from
payments made hereunder any taxes required to be withheld from Executive’s wage under federal, state or local law. 

4.0      Payment of Executive Benefits. Executive Benefit payments due hereunder
shall be determined and payable under this Agreement pursuant to only one (1) provision hereinbelow. The date and circumstances of Executive’s Separation From Service shall determine which paragraph shall be used to calculate the Executive
Benefit payment due. 

  
 9 

 4.1      Executive Benefit
Payments in the Event of: (i) Normal Retirement; (ii) an Involuntary Termination Without Cause which occurs within six (6) months before or
eighteen (18) months following a Change in Control; (iii) a Termination for Good Reason which occurs within six
(6) months before or eighteen (18) months following a Change in Control; or (iv and v) if on or after May 7, 2025, Executive is Involuntarily Terminated
or Executive Terminates For Good Reason. If (i) Executive Separates From Service on a date which satisfies the requirements of Normal Retirement (and other than for Cause or due to Disability) or (ii
and iii) Executive Separates From Service within a period beginning six (6) months prior to a Change in Control and ending eighteen (18) months following a Change in Control and such Separation From Service is an Involuntary Termination
without Cause or a Termination For Good Reason; or (iv and v) if on or after May 7, 2025, Executive is Involuntarily Terminated or Terminates For Good Reason, then the Executive Benefit to which Executive is entitled shall be determined as
follows: 
  

	 	A.	 Benefit Amount. Executive shall be entitled to receive an annual amount equal to
the Target Benefit Amount. In addition to the forgoing, the annual Executive Benefit amount shall be increased at the rate of two percent (2%) each year, beginning on the first (1st) anniversary of the first (1st) Executive Benefit payment and
annually thereafter for so long as Executive is entitled to receive an Executive Benefit. 

  

	 	B.	 Benefit Payment. Subject to the requirements of Paragraph 3.1, this annual
Executive Benefit shall be paid in twelve (12) substantially equal monthly installments, with payments commencing on the first (1st) day of the first (1st) month following the later of Executive’s Separation From Service or June 1,
2028 and continuing until Executive’s death. In the alternative, Executive may elect to have this Executive Benefit paid out as a joint and survivor annuity as stated in Paragraph 3.2. 

4.2      Executive Benefit in the Event of a Voluntary Termination Prior to
Achieving an Applicable Percentage of Fifty Percent or Termination For Cause. In the event (i) Executive Voluntarily Separates From Service prior to achieving an Applicable Percentage of Fifty Percent (50%) or (ii) Executive
is Terminated For Cause at any time after the effective date of this Agreement, then he shall forfeit any and all rights and benefits he may have under the terms of this Agreement and shall have no right to be paid any of the amounts which would
otherwise be due or paid to Executive by the Bank pursuant to the terms of this Agreement. 

4.3      Executive Benefit Payment in the Event of Separation From Service for
Any Other Reason. In the event Executive Separates From Service for any reason not covered by Paragraphs 4.1, 4.2, 4.4 (Disability) or 4.5 (Death), then the Executive Benefit to which Executive is entitled
shall be determined as follows: 

  
 10 

	 	A.	 Benefit Amount. Executive shall be entitled to receive an annual amount equal to
the Applicable Percentage (as of the date of Separation From Service) of the Target Benefit Amount. In addition to the forgoing, the annual Executive Benefit amount shall be increased at the rate of two percent (2%) each year, beginning on the first
(1st) anniversary of the first (1st) Executive Benefit payment and annually thereafter for so long as the Executive is entitled to receive an Executive Benefit. 

 

	 	B.	 Benefit Payment. Subject to the requirements of Paragraph 3.1, this annual
Executive Benefit shall be paid in twelve (12) substantially equal monthly installments, with payments commencing on June 1, 2028 and continuing until Executive’s death. In the alternative, Executive may elect to have this Executive
Benefit paid out as a joint and survivor annuity as stated in Paragraph 3.2. 

4.4      Disability. In the event that Executive becomes Disabled
prior to Separating From Service, then upon such Disability, Executive shall be entitled to receive one (1) of the following amounts, depending on circumstances: 
  

	 	A.	 In the event Executive becomes Disabled prior to Separating From Service and prior to the
Normal Retirement Date, then Executive shall be entitled to be paid a lump sum amount equal to the Accrued Liability Balance. This amount shall be paid in one (1) lump sum on the first (1st) day of the first (1st) month following
Disability. In addition to the forgoing, if the Bank has purchased a pre-approved Individual Total Disability Policy through Lloyd’s of London (“Lloyd’s Policy”), and Executive qualifies to
receive a benefit thereunder, then he shall receive any amounts due and payable as provided in such Lloyd’s Policy. If Executive fails to survive the required “elimination period” under such Lloyd’s Policy, then any additional
amounts shall be payable only pursuant to a Split-Dollar Agreement, should one exist. 

  

	 	B.	 In the event Executive becomes Disabled prior to Separating From Service and after the
Normal Retirement Date, then he shall be entitled to be paid a lump sum amount equal to the Accrued Liability Balance. Again, this lump sum shall be paid on the first (1st) day of the first (1st) month following Disability.

  

	 	C.	 Disability and Death. Notwithstanding the forgoing, it is intended that this Agreement and any
Split-Dollar Agreement by and between the parties shall work in concert with each other such that full duplicate benefits shall not be payable pursuant to both agreements. Therefore, despite the forgoing Paragraphs 4.4A and B, if Executive becomes
Disabled but dies before Separating From Service, Paragraph 4.5A shall control and any amount due and payable shall be paid pursuant to the Split Dollar 

  
 11 

	 	 
Agreement only. Additionally, should Executive have received a payment hereunder as a result of Disability, then it shall be assumed that they do not intend to continue their employment and shall
be presumed to have Separated From Service. Again, Paragraph 4.4A shall control in the event a Lloyd’s Policy has been purchased and Executive becomes Disabled before the Normal Retirement Date but does not survive the “elimination
period”. 

 4.5      Death and Separation From Service.

  

	 	A.	 Death Before Separating From Service. In the event Executive dies prior to Separating From Service,
then there shall be no Executive Benefits due or owing under this Agreement. Any such amounts due upon Executive’s death while employed would be pursuant to a split dollar life insurance agreement, should one exist. 

 

	 	B.	 Death After Separating From Service. In the event Executive has Separated From Service and become
entitled to an Executive Benefit pursuant to one of the provisions of this Agreement, then if Executive elected a joint and survivor annuity option pursuant to Paragraph 3.2 and completed the Election Form attached hereto Exhibit B in a timely
manner, payments shall be made to Executive’s surviving spouse (or registered domestic partner) as specified therein. If benefit payments have not yet begun as of the date of Executive’s death, then payments to Executive’s surviving
spouse (or registered domestic partner) shall commence on the date on which Executive would have received his first payment had he survived. (Because “Disability” is a separate and distinct trigger, Paragraph 4.4 shall control benefits
paid in the event of death after Disability). 

 5.0      Beneficiary Designation

 5.1      Beneficiary Designation. Executive shall have the
right, at any time, to designate any person or persons as his Beneficiary or Beneficiaries (both primary as well as secondary) to whom benefits under this Agreement shall be paid in the event of his death prior to complete distribution to the
Executive of the benefits due pursuant to Paragraph 4.4 (Disability) of this Agreement. Each Beneficiary designation shall be in a written form approved by the Bank and will be effective only when filed with the Bank during the Executive’s
lifetime. Attached hereto as “Exhibit D” is a Beneficiary Designation Form approved by the Bank. The Bank reserves the right to modify such Beneficiary Designation Form as it deems necessary in the future. 

5.2      Amendments to Beneficiary Designation. Any Beneficiary
Designation Form may be changed by Executive without the consent of any Designated Beneficiary by the filing of a new Beneficiary Designation Form with the Bank. The filing of a new Beneficiary Designation Form will cancel all Beneficiary
designations previously filed. If an Executive’s compensation is 

  
 12 

 
community property, any Beneficiary designation shall be valid or effective only as permitted under applicable law. 

5.3      No Beneficiary Designation. In the absence of an effective
beneficiary designation, or if all Designated Beneficiaries predecease Executive or die prior to complete distribution of the Executive Benefit, then Executive’s designated Beneficiary shall be deemed to be Executive’s lawful spouse or
registered domestic partner, or if none exists, Executive’s estate. 

5.4      Doubt as to Beneficiary. If there is a doubt as to the
proper Beneficiary to receive payments pursuant to this Agreement, then the Bank shall have the right to withhold such payments until this matter is resolved to the satisfaction of the Bank. In the event of any such doubt or dispute, the Bank
reserves all rights to file an interpleader action or to require a court decree or order directing the payment of benefits or to require indemnification from any claimant or to require claimants to otherwise finally resolve such claims prior to the
Bank paying any benefits under this Plan. 
 5.5      Effect of Payment to the
Beneficiary. Payment to the Designated Beneficiary shall fully and completely discharge the Bank from all further obligations under this Agreement. 

6.0      Administration. 

6.1      Committee and Duties. This Agreement shall be administered
by an Administrative Committee appointed by the Board of Directors. Any member of the Committee may be removed from the Committee at any time by the Board. Any member may resign from the Committee by delivering his written resignation to the Board.
Upon the existence of any vacancy, the Board may appoint a successor. The Committee shall have the authority to make, amend, interpret, and enforce all appropriate rules and regulations for the administration of this Agreement and decide or resolve
any and all questions including interpretations of this Agreement, as may arise in connection with the Agreement. A majority of the members of the Committee shall constitute a quorum for the transaction of business. A majority vote of the Committee
members constituting a quorum shall control any decision. 

6.2      Agents. In the administration of this Agreement, the
Committee may, from time to time, employ agents and delegate to them such administrative duties as it sees fit, and may from time to time consult with counsel who may be counsel to the Employer. 

6.3      Binding Effect of Decisions. The decision or action of the
Committee in respect of any question arising out of or in connection with the administration, interpretation and application of this Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all
persons having any interest in this Agreement. 
 6.4      Indemnity of
Committee. The Employer shall indemnify and hold harmless the members of the Committee against any and all claims, loss, damage, expense, or liability arising from any action or failure to act with respect to this Agreement, except in
the case of gross negligence or willful misconduct. 

  
 13 

 7.0      Claims Procedure. 

7.1      Dispute Over Benefits. In the event a dispute arises over the
benefits under this plan and benefits are not paid to the Executive [or to the Executive’s Beneficiary(ies)], if applicable) and such claimants feel they are entitled to receive such benefits, then a written claim must be made to the
Administrator named above in accordance with the following procedures: 
  

	 	A.	 Written Claim. The Claimant may file a written request for such benefit to the Administrator.

  

	 	B.	 Claim Decision. Upon receipt of such claim, the Administrator shall respond to such Claimant within
ninety (90) days after receiving the claim. If the Administrator determines that special circumstances require additional time for processing the claim, the Administrator can extend the response period by an additional ninety (90) days for
reasonable cause by notifying the Claimant in writing, prior to the end of the initial ninety (90) day period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the
Administrator expects to render its decision. 

 If the claim is denied in whole or in part, the
Administrator shall notify the Claimant in writing of such denial. The Administrator shall write the notification in a manner calculated to be understood by the Claimant. The notification shall set forth: 

 

	 	(i)	 The specific reasons for the denial; 

	 	(ii)	 The specific reference to pertinent provisions of the Agreement on which the denial is based;

	 	(iii)	 A description of any additional information or material necessary for Claimant to perfect the claim and an
explanation of why such material or information is necessary; 

	 	(iv)	 Appropriate information as to the steps to be taken if Claimant wishes to submit the claim for review and
the time limits applicable to such procedures; and 

	 	(v)	 A statement of Claimant’s right to bring a civil action under ERISA Section 502(a) following an
adverse benefit determination on review. 

  

	 	D.	 Request for Review. Within sixty (60) days after receiving notice from the Administrator that a
claim has been denied (in part or in its entirety), then Claimant (or their duly authorized representative) may file with the Administrator, a written request for a full and fair review of the denial of the claim. In the case of disability benefits
where a medical judgment was 

  
 14 

	 	 
part of the basis of the adverse benefit determination, the review shall include a consultation with an independent health care professional. 

 

	 	 	 Claimant (or his duly authorized representative) shall then have the opportunity to submit written comments,
documents, records and other information relating to the claim. The Administrator shall also provide Claimant, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant (as defined in
applicable ERISA regulations) to Claimant’s claim for benefits. 

  

	 	E.	 Decision on Review. The Administrator shall respond in writing to such Claimant within sixty
(60) days after receiving the request for review. If the Administrator determines that special circumstances require an extension of time for processing the claim, written notice of the extension shall be furnished to Claimant prior to the
termination of the initial sixty (60) day period. In no event shall such extension exceed a period of sixty (60) days from the end of the initial period. The notice of extension must set forth the special circumstances requiring an
extension of time and the date by which the Administrator expects to render its decision. 

  

	 	 	 In considering the review, the Administrator shall take into account all materials and information Claimant
submits relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination. 

  

	 	 	 The Administrator shall notify Claimant in writing of its decision on review. The Administrator shall write
the notification in a manner calculated to be understood by Claimant. The notification shall set forth: 

  

	 	(i)	 The specific reasons for the denial; 

	 	(ii)	 Reference the specific provisions of the Agreement on which the denial is based; 

	 	(iii)	 A statement that Claimant is entitled to receive, upon request and free of charge, reasonable access to, and
copies of, all documents, records and other information relevant (as defined in applicable ERISA regulations) to Claimant’s claim for benefits; and 

	 	(iv)	 A statement of Claimant’s right to bring a civil action under ERISA Section 502(a).

  

	 	F.	 Special Timing and Rules for Disability Claims. In the event a claim above is a claim for disability
benefits, then the applicable time periods for notifying Claimant regarding benefit determinations shall be reduced as required by 29 CFR 2560.503-1 (within a reasonable period of time, but not to exceed
forty-five (45) days, subject to no more than two (2) thirty (30) day extensions if necessary due to matters beyond control of the plan 

  
 15 

	 	 
and subject to proper notice being given). In the event any extension is required, then notice of such extension shall specify the standards on which the entitlement to a benefit is based, all
unresolved issues that prevent a decision on a claim, the additional information needed to resolve those issues, and claimant shall be afforded at least forty-five (45) days in which to provide the specified information. Additionally, all
disability claims shall be handled in a manner which is compliant with the Department of Labor Rules, including but not limited to the following: 

  

	 	(i)	 Claims and appeals will be adjudicated in a manner designed to ensure independence and impartiality of the
persons involved in making the benefit determination; 

	 	(ii)	 All benefit denial notices shall contain a complete discussion of why the claim was denied and the standards
applied in reaching the decision, including the basis for disagreeing with the views of health care professionals, vocational professionals, or the Social Security Administration; 

	 	(iii)	 Claimant shall have the right to access to the entire claim file and other relevant documents, and shall be
guaranteed the right to present evidence and testimony in support of their claim during the review process; 

	 	(iv)	 Claimant shall be given notice and a fair opportunity to respond before denials at the appeals stage are
based on new or additional evidence or rationales; 

	 	(v)	 Claimant is not prohibited from seeking court review of a claim denial based on a failure to exhaust
administrative remedies under the plan if the plan failed to comply with the claims procedure requirements (unless the violation was the result of a minor error); 

	 	(vi)	 Certain rescissions of coverage are to be treated as adverse benefit determinations triggering the
plan’s appeals procedures; and 

	 	(vii)	 All required notices and disclosures issued hereunder shall be written in a culturally and linguistically
appropriate manner. 

 7.2     Arbitration of Disputes.
Other than any claim which must be brought in accordance with the requirements established by ERISA, all unresolved claims, disputes and other matters in question arising out of or relating to this Agreement or the breach or interpretation
thereof, other than those matters which are to be determined by the Employer in its sole and absolute discretion shall be resolved by binding arbitration before an arbitrator selected by the mutual agreement of the parties (unless prohibited by
ERISA). Notice of the demand for arbitration shall be filed in writing with the other party to this Agreement and in no event shall the demand for arbitration be made after the date when institution of legal or equitable proceedings based on such
claim, dispute or other matter in question would be barred by the applicable statute of limitations. The arbitration shall be subject to such rules of procedure used or established by the Judicial Arbitration & Mediation Services. Any award
rendered by the arbitrator shall be final and binding upon the successors and assigns, and may be entered in any 

  
 16 

 
court having jurisdiction thereof. The obligation of the parties to arbitrate pursuant to this clause shall be specifically enforceable in accordance with, and shall be conducted consistently
with the provisions of the California Rules of Civil Procedure. Any arbitration hereunder shall be conducted in Lafayette, California, unless otherwise agreed to by the parties. 

7.3     Attorneys’ Fees. In the event of any arbitration or litigation
concerning any controversy, claim or dispute between the parties hereto, arising out of or relating to this Agreement or the breach hereof, or the interpretation hereof, (a) each party shall pay his own attorneys’ arbitration and legal
fees incurred pursuant to this Agreement; and (b) if Executive prevails, he shall be entitled to recover from the other party reasonable expenses, attorneys’ fees and costs incurred in the enforcement or collection of any judgment or award
rendered. The term “prevails” applies if the arbitrator(s) or court finds that Executive is entitled to contested money payments from the Employer, but does not necessarily imply a judgment rendered in favor of the Executive. Furthermore,
the Employer recognizes that the Executive may not pursue a legitimate claim for benefits or benefit amounts if he is found not to be the prevailing party at arbitration or litigation. Thus, to ensure that the Executive is not deterred from
pursuing a legitimate claim, the Employer hereby agrees to waive any and all rights it may have to recover attorneys’ fees from the Executive pursuant to this Agreement in the future, whether by statute or contract, and regardless of whether
Employer is found to be the “prevailing party”. 
 7.4     Attorneys’ Fees
in the event of a Change in Control. The Employer is aware that, after a Change in Control, management of the Employer could cause or attempt to cause the Employer to refuse to comply with its obligations under this Agreement, or
could institute or cause or attempt to cause the Employer to institute litigation seeking to have this Agreement declared unenforceable, or could take or attempt to take other action to deny the Executive the benefits intended under this Agreement.
In these circumstances, the purpose of this Agreement would be frustrated. The Employer desires that the Executive not be required to incur the expenses associated with the enforcement of rights under this Agreement, whether by litigation or other
legal action, because the cost and expense thereof would substantially detract from the benefits intended to be granted to the Executive hereunder. The Employer desires that the Executive not be forced to negotiate settlement of rights under this
Agreement under threat of incurring expenses. Accordingly, if after a Change in Control occurs, it appears to the Executive that (i) the Employer has failed to comply with any of its obligations under this Agreement, or (ii) the Employer
or any other person has taken any action to declare this Agreement void or unenforceable, or instituted any litigation or other legal action designed to deny, diminish or to recover from the Executive the benefits intended to be provided to the
Executive hereunder, the Employer irrevocably authorizes the Executive from time to time to retain counsel of the Executive’s choice, at the Employer’s expense as provided in this subparagraph, to represent the Executive in the initiation
or defense of any litigation or other legal action, whether by or against the Employer or any director, officer, stockholder or other person affiliated with the Employer, in any jurisdiction. Notwithstanding any existing or previous attorney-client
relationship between the Employer and any counsel chosen by the Executive under this subparagraph, the Employer irrevocably consents to the Executive entering into an attorney-client relationship with that counsel, and the Executive and the Employer
agree that a confidential relationship shall exist between the Executive and that counsel. The fees and expenses of counsel selected from time to 

  
 17 

 
time by the Executive as provided in this section shall be paid or reimbursed to the Executive by the Employer on a regular periodic basis upon presentation by the Executive of a statement or
statements prepared by such counsel in accordance with such counsel’s customary practices up to a maximum aggregate amount of one hundred fifty thousand dollars ($150,000), whether suit be brought or not, and whether or not incurred in trial,
bankruptcy or appellate proceedings. The Employer’s obligation to pay Executive’s legal fees provided by this subparagraph operate separately from and in addition to any legal fees reimbursement obligation the Employer may have with the
Executive under any separate employment, severance or other agreement between the Executive and the Employer. Despite any contrary provision within this Agreement, however, the Employer shall not be required to pay or reimburse the Executive’s
legal expenses if doing so would violate section 18(k) of the Federal Deposit Insurance Act [12 U.S.C. 1828(k)] and rule 359.3 of the Federal Deposit Insurance Act [12 CFR 359.3]. Furthermore, the Employer again acknowledges that the Executive may
not pursue a legitimate claim for benefits or benefit amounts if he is found not to be the prevailing party at arbitration or litigation. Thus, to ensure that the Executive is not deterred from pursuing a legitimate claim, the Employer hereby
agrees to waive any and all rights it may have to recover attorneys’ fees from the Executive pursuant to this Agreement in the future, whether by statute or contract, and regardless of whether the Employer is found to be the “prevailing
party”. 
 8.0     Miscellaneous. 

8.1     Unfunded Plan. This Agreement is intended to be an unfunded plan
maintained primarily to provide deferred compensation benefits for a select group of “management or highly compensated employees” within the meaning of Sections 201, 301, and 401 of ERISA, and therefore to be exempt from the provisions of
Parts 2, 3, and 4 of Title I of ERISA. Accordingly, this Agreement shall terminate and no further benefits shall be paid hereunder in the event it is determined by a court of competent jurisdiction or by an opinion of counsel that this Agreement
constitutes an employee pension benefit plan within the meaning of Section 3(2) of ERISA which is not so exempt. 

8.2     Status as an Unsecured General Creditor and Rabbi Trust.
Notwithstanding anything contained herein to the contrary: (i) the Executive shall have no legal or equitable rights, interests or claims in or to any specific property or assets of the Bank as a result of this Agreement; (ii) none of
the Bank’s assets shall be held in or under any trust for the benefit of the Executive or held in any way as security for the fulfillment of the obligations of the Bank under this Agreement; (iii) all of the Bank’s assets shall be and
remain the general unpledged and unrestricted assets of the Bank; (iv) the Bank’s obligation under this Agreement shall be that of an unfunded and unsecured promise by the Bank to pay money in the future; and (v) the Executive shall
be an unsecured general creditor with respect to any benefits which may be payable under the terms of this Agreement. 

Notwithstanding subparagraphs (i) through (v) above, the Bank and the Executive acknowledge and agree that, in the event
of a Change in Control, upon Executive’s request, or in the Bank’s discretion if the Executive does not so request and the Bank nonetheless deems it appropriate, the Bank shall establish, not later than the effective date of the Change in
Control, a 

  
 18 

 
Rabbi Trust or multiple Rabbi Trusts (the “Trust” or “Trusts”) upon such terms and conditions as the Bank, in its sole discretion, deems appropriate and in compliance with
applicable provisions of the Code, in order to permit the Bank to make contributions and/or transfer assets to the Trust or Trusts to discharge its obligations pursuant to this Agreement. The principal of the Trust or Trusts and any earnings thereon
shall be held separate and apart from other funds of the Bank to be used exclusively for discharge of the Bank’s obligations pursuant to this Agreement and shall continue to be subject to the claims of the Bank’s general creditors until
paid to the Executive in such manner and at such times as specified in this Agreement. 
 8.3    
Non-assignability. Neither Executive nor any other person shall have any right to commute, sell, assign, transfer, pledge, anticipate, mortgage or otherwise encumber, transfer,
hypothecate or convey in advance of actual receipt the amounts, if any, payable hereunder, or any part thereof, which are, and all rights to which are, expressly declared to be unassignable and nontransferable. No part of the amount payable shall,
prior to actual payment, be subject to seizure or sequestration for the payment of any debts, judgments, alimony or separate maintenance owed by Executive or any other person, nor be transferable by operation of law in the event of Executive’s
or any other person’s bankruptcy or insolvency. 
 8.4     Not a Contract of
Employment. The terms and conditions of this Agreement shall not be deemed to constitute a contract of employment between Employer and the Executive, and the Executive (or his beneficiary, if applicable) shall have no rights against
Employer except as may otherwise be specifically provided herein. Moreover, nothing in this Agreement shall be deemed to give the Executive the right to be retained in the service of the Employer or to interfere with the right of the Employer to
discipline or discharge him at any time. 
 8.5     Protective Provisions.
Executive will cooperate with the Employer by furnishing any and all information requested by the Employer, in order to facilitate the payment of benefit hereunder, and by taking such physical examinations as the Employer may deem necessary and
taking such other action as may be requested by the Employer. 
 8.6     Terms.
Whenever any words are used herein in the masculine, they shall be construed as though they were used in the feminine in all cases where they would so apply; and wherever any words are used herein in the singular or in the plural, they shall be
construed as though they were used in the plural or singular, as the case may be, in all cases where they would so apply. 

8.7     Captions. The captions of the sections, and paragraphs of this
Agreement are for convenience only and shall not control or affect the meaning or construction of any of its provisions. 

8.8     Governing Law. The provisions of this Agreement shall be construed,
interpreted, and governed in all respects in accordance with applicable federal law and, to the extent not preempted by such federal law, in accordance with the laws of the State of California. 

  
 19 

 8.9     Binding Effect/Merger or
Reorganization. This Agreement shall be binding upon and inure to the benefit of the Executive and the Bank. Accordingly, the Bank shall not merge or consolidate into or with another corporation, or reorganize or sell substantially
all of its assets to another corporation, firm or person, unless and until such succeeding or continuing corporation, firm or person agrees to assume and discharge the obligations of the Bank under this Agreement. The term successors as used herein
shall include any corporate or other business entity which shall, whether by merger, consolidation, purchase or otherwise acquire all or substantially all of the business and assets of the Bank, and successors of any such corporation or other
business entity. 
 8.10     Nonwaiver. The failure of either party to
enforce at any time or for any period of time any one or more of the terms or conditions of this Agreement shall not be a waiver of such term(s) or condition(s) or of that party’s right thereafter to enforce each and every term and condition of
this Agreement. 
 8.11     Validity. If any terms, provision, covenant, or
condition of this Agreement is determined by an arbitrator or a court, as the case may be, to be invalid, void, or unenforceable, such determination shall not render any other term, provision, covenant or condition invalid, void or unenforceable,
and this Agreement shall remain in full force and effect notwithstanding such partial invalidity. 

8.12     Entire Agreement. This Agreement supersedes any and all other
agreements, either oral or in writing, between the parties with respect to the subject matter of this Agreement and contains all of the covenants and agreements between the parties with respect thereto. Each party to this Agreement acknowledges that
no other 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 set forth herein, and that no other agreement, statement, or promise not contained
in this Agreement shall be valid or binding on either party. 
 8.13    
Modifications. Any modification of this Agreement shall be effective only if it is in writing and signed by each party or such party’s authorized representative, and only to the extent that it is compliant with all
applicable codes and statutes, including but not limited to IRC 409A. 
 8.14    
Notice. Any notice required or permitted of either the Executive or the Bank under this Agreement shall be deemed to have been duly given, if by personal delivery, upon the date received by the party or its authorized
representative; if by facsimile, upon transmission to a telephone number previously provided by the party to whom the facsimile is transmitted as reflected in the records of the party transmitting the facsimile and upon reasonable confirmation of
such transmission; if by electronic delivery or email upon transmission to the email address previously provided by the party to whom the email is transmitted as reflected in the records of the party transmitting the email and upon reasonable
confirmation of such transmission; and if by mail, on the third day after mailing via U.S. first class mail, registered or certified, postage prepaid and return receipt requested, and addressed to the party at the address given below for the receipt
of notices, or such changed address as may be requested in writing by a party. 

  
 20 

   If to the Bank: 

If to the Executive: 

8.15     Code Section 280G Issues. 

 

	 	A.	 Treatment of Excess Parachute Payments. In the event that any benefits payable to Executive pursuant
to this Agreement (“Payments”) (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this Paragraph 8.15 would be subject to the excise tax imposed by Section 4999 of
the Code, or any comparable successor provisions (the “Excise Tax”), then Executive’s Payments hereunder shall be either (a) provided to Executive in full, or (b) provided to Executive as to such lesser extent which would
result in no portion of such benefits being subject to the Excise Tax, whichever of the foregoing amounts, when taking into account applicable federal, state, local and foreign income and employment taxes, the Excise Tax, and any other applicable
taxes, results in the receipt by Executive, on an after-tax basis, of the greatest amount of benefits, notwithstanding that all or some portion of such benefits may be taxable under the Excise Tax. In the
event of a reduction of benefits hereunder, the Accountants (as defined below) shall determine which benefits shall be reduced so as to achieve the principle set forth in the preceding sentence. 

 

	 	B.	 Determination of Amounts. All computations and determinations called for by this Paragraph 8.15 shall
be promptly determined and reported in writing to the Bank and Executive by independent public accountants or other independent advisors selected by the Bank and reasonably acceptable to Executive (the “Accountants”), and all such
computations and determinations shall be conclusive and binding upon Executive and the Bank. For the purposes of such determinations, the Accountants may rely on reasonable, good faith interpretations concerning the application of Sections 280G and
4999 of the Code. The Bank and Executive shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make their required determinations. The Bank shall bear all fees and expenses charged by
the Accountants in connection with such services. 

  

	 	C.	 Potential Further Reduction of Benefits. If, notwithstanding any reduction described in Paragraph
8.15A, the IRS determines that Executive is liable for the Excise Tax as a result of the receipt of any payments made 

  
 21 

	 	 
pursuant to this Plan, then Executive shall be obligated to pay back to the Bank, within thirty (30) days after a final IRS determination or in the event that Executive challenges the final
IRS determination, a final judicial determination, a portion of the Payments equal to the “Repayment Amount.” The Repayment Amount shall be the smallest such amount, if any, as shall be required to be paid to the Bank so that
Executive’s net after-tax proceeds with respect to the Payments (after taking into account the payment of the Excise Tax and all other applicable taxes imposed on such benefits) shall be maximized. The
Repayment Amount shall be zero if a Repayment Amount of more than zero would not result in Executive’s net after-tax proceeds with respect to the Payments being maximized. If the Excise Tax is not
eliminated pursuant to this Paragraph 8.15C, Executive shall pay the Excise Tax. 

  

	 	D.	 Potential Increase in Benefits. Notwithstanding any other provision of this Paragraph 8.15, if
(i) there is a reduction in the payments to Executive as described in this Paragraph 8.15, (ii) the IRS later determines that Executive is liable for the Excise Tax, the payment of which would result in the maximization of Executive’s net after-tax proceeds (calculated as if Executive’s benefits had not previously been reduced), and (iii) Executive pays the Excise Tax, then the Bank shall pay to Executive those payments which were reduced
pursuant to this Paragraph 8.15 as soon as administratively possible after Executive pays the Excise Tax so that Executive’s net after-tax proceeds with respect to the payment of the Payments are
maximized. 

 8.16     Opportunity To Consult With Independent
Advisors. Executive acknowledges that he has been afforded the opportunity to consult with independent advisors of his choosing including, without limitation, accountants or tax advisors and counsel regarding both the benefits granted
to him under the terms of this Agreement and the (i) terms and conditions which may affect Executive’s right to these benefits and (ii) personal tax effects of such benefits including, without limitation, the effects of any federal or
state taxes, Section 280G of the Code, IRC 409A, and any other taxes, costs, expenses or liabilities whatsoever related to such benefits, which in any of the foregoing instances Executive acknowledges and agrees shall be the sole responsibility
of Executive notwithstanding any other term or provision of this Agreement. Executive further acknowledges and agrees that the Bank shall have no liability whatsoever related to any such personal tax effects or other personal costs, expenses, or
liabilities applicable to Executive and further specifically waives any right for himself, and his heirs, Beneficiaries, legal representatives, agents, successor and assign to claim or assert liability on the part of the Bank related to the matters
described above in this paragraph. Executive further acknowledges that he has read, understands and consents to all of the terms and conditions of this Agreement, and that he enters into this Agreement with a full understanding of its terms and
conditions. 
 9.0     Amendment and Plan Termination. 

  
 22 

 9.1     Entire Agreement.
Each party to this Agreement acknowledges that no other 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 set forth herein, and that no
other agreement, statement, or promise not contained in this Agreement shall be valid or binding on either party with respect to the terms of this Agreement. 

9.2     Amendments. This Agreement may be amended only by a written agreement
signed by the Bank and Executive. However, the Bank may unilaterally amend this Agreement to conform with written directives to the Bank from its auditors or banking regulators or to comply with legislative or tax law, including without limitation
Section 409A of the Code and any and all regulations and guidance promulgated thereunder. Additionally, the Bank may unilaterally amend this Agreement in order to effectuate a Plan termination as provided below in Paragraph 9.3. 

9.3     Plan Terminations. The Bank may terminate this Plan as provided by,
and in accordance with, those restrictions imposed by Code Section 409A. In the event this Plan is terminated at any time before May 7, 2028, however, then Executive shall be deemed to have fully vested in the benefit provided under
Paragraph 4.1 immediately prior to any such action taken to irrevocably terminate this plan. 
  

									
	 CALIFORNIA BANK OF COMMERCE

					
	 By:
	 	 /s/ Randy Greenfield
	 	             
	 	 Date:
	 	 1-29-19

		 	         Authorized Executive/ Title
	 		 		 	
				
	 /s/ Steven E.
Shelton        12/28/18
	 		 		 	 STEVEN E. SHELTON

	 Executive-   Signature and Date
	 		 		 	             Print Name

  
 23 

 “Exhibit A” 

To The 
 EXECUTIVE
SUPPLEMENTAL COMPENSATION AGREEMENT 
 (By and Between California Bank of Commerce and Steven E. Shelton) 

(as of 12/28, 2018) 

Sample Illustration of Projected Salary and Potential Executive Benefit Amounts 

 

																			
	 	 	 	 	 
	Age	 	 	May 1st        	 	 	    Projected Salary	 	 	25% of Target
Benefit	 	 	Pre-Tax Retirement
Benefit (2)	 
	 	          57.90	 	 	 	2018	 	 	 	$    375,000	 	 	 	$  93,750	 	 			 
	 	58.90	 	 	 	2019	 	 	 	$    390,000	 	 	 	$  95,625	 	 			 
	 	59.90	 	 	 	2020	 	 	 	$    405,600	 	 	 	$  97,550	 	 			 
	 	60.90	 	 	 	2021	 	 	 	$    421,824	 	 	 	$101,452	 	 			 
	 	61.90	 	 	 	2022	 	 	 	$    438,697	 	 	 	$105,510	 	 			 
	 	62.90	 	 	 	2023	 	 	 	$    456,245	 	 	 	$109,730	 	 			 
	 	63.90	 	 	 	2024	 	 	 	$    474,495	 	 	 	$114,120	 	 			 
	 	64.90	 	 	 	2025	 	 	 	$    493,474	 	 	 	$118,684	 	 			 
	 	65.90	 	 	 	2026	 	 	 	$    513,213	 	 	 	$123,432	 	 			 
	 	66.90	 	 	 	2027	 	 	 	$    533,742	 	 	 	$128,369	 	 			 
	 	67.90	 	 	 	2028	 	 	 	$    555,092	 	 	 	$133,504	 	 	 	$      77,877	 
	 	68.90	 	 	 	2029	 	 				 				 	 	$    135,061	 
	 	69.90	 	 	 	2030	 	 				 				 	 	$    137,762	 
	 	70.90	 	 	 	2031	 	 				 				 	 	$    140,517	 
	 	71.90	 	 	 	2032	 	 				 				 	 	$    143,327	 
	 	72.90	 	 	 	2033	 	 				 				 	 	$    146,194	 
	 	73.90	 	 	 	2034	 	 				 				 	 	$    149,118	 
	 	74.90	 	 	 	2035	 	 				 				 	 	$    152,100	 
	 	75.90	 	 	 	2036	 	 				 				 	 	$    155,142	 
	 	76.90	 	 	 	2037	 	 				 				 	 	$    158,245	 
	 	77.90	 	 	 	2038	 	 				 				 	 	$    161,410	 
	 	78.90	 	 	 	2039	 	 				 				 	 	$    164,638	 
	 	79.90	 	 	 	2040	 	 				 				 	 	$    167,931	 
	 	80.90	 	 	 	2041	 	 				 				 	 	$    171,289	 
	 	81.90	 	 	 	2042	 	 				 				 	 	$    174,715	 
	 	82.90	 	 	 	2043	 	 				 				 	 	$    178,210	 
	 	83.90	 	 	 	2044	 	 				 				 	 	$    181,774	 
	 	84.90	 	 	 	2045	 	 				 				 	 	$    185,409	 
	 	85.90	 	 	 	2046	 	 				 				 	 	$    189,117	 
	 	86.90	 	 	 	2047	 	 	 	 	 	 	 	 	 	 	 	$      31,779	 

 Note*: This illustration uses 25% of Salary as the Target Benefit Amount, however, this amount reflects
projections for twenty-five percent (25%) of the average of Executive’s three (3) highest calendar years of Base Salary. This is in no way a guarantee of benefits or amounts. 

  
 1

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