Document:

EX-10.7

 Exhibit 10.7 

CALIFORNIA BANCORP 

RESTRICTED STOCK AWARD AGREEMENT 

California BanCorp, a California corporation, (the “Company” or “BanCorp”), hereby awards you a
Restricted Stock Award (the “Restricted Stock”). The terms and conditions of the Award are set forth in this cover sheet and the attached Restricted Stock Award Agreement (together, this “Agreement”) and in the
California BanCorp 2017 Equity Incentive Plan as it may be amended from time to time (the “Plan”). “Shares” means shares of Bancorp Common Stock. “Service” means rendering service to BanCorp or its
Subsidiaries as an advisor, Director or employee. Capitalized terms in this Agreement that are not defined shall have the meanings set forth in the Plan. 

Date of Award:      
 Name of Participant:
     
 Number of Shares of Restricted Stock Awarded:      

Amount Paid by Participant for the Shares of Restricted Stock Awarded:            $ 

Aggregate Fair Market Value of Restricted Stock on Date of Award:            $ 

Vesting Calculation Date:
                                        ,
[YEAR] 
 Vesting Schedule: [Subject to your continuous Service, the Shares of Restricted Stock shall vest in three (3) equal installments on
each of the first three (3) anniversaries of the Vesting Calculation Date.] [Subject to your continuous Service, the Shares of Restricted Stock shall vest in a single installment on the first anniversary of the Vesting Calculation Date.] 

By signing this cover sheet, you agree to all terms and conditions described in this Agreement and in the Plan. You specifically acknowledge
that you have carefully read the section entitled “Code Section 83(b) Election” and you further acknowledge that you are solely responsible for filing any Code Section 83(b) election, and that such election must be filed within
thirty (30) days after the Date of Award in order to be effective. You further represent that you (i) fully understand and accept all provisions of the Plan and this Agreement; and (ii) agree to accept as binding, conclusive, and
final all of the Committee’s decisions regarding, and all interpretations of, the Plan and this Agreement. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and all of which together shall be
deemed one instrument. 
  

									
	CALIFORNIA BANCORP	 		 	AGREED AND ACCEPTED:
					
	By:	 	 	 		 	Signature:	 	 
					
	Title:	 	 	 		 	Name:	 	 

  
 -1- 

 CALIFORNIA BANCORP 

RESTRICTED STOCK AWARD AGREEMENT 
  

	1.	 The Plan and Other Agreements. The text of the Plan is incorporated in this Agreement by this reference.
You and the Company agree to execute such further instruments and to take such further action as may reasonably be necessary to carry out the intent of this Agreement. 

This Agreement, the attached Exhibits and the Plan constitute the entire understanding between you and the Company regarding this Award of
Restricted Stock. Any prior agreements, commitments or negotiations are superseded. 
  

	2.	 Award of Restricted Stock. The Company awards you the number of Shares of Restricted Stock shown on the
cover sheet of this Agreement. The Award is subject to the terms and conditions of this Agreement and the Plan. This Award is not intended to constitute a nonqualified deferred compensation plan within the meaning of section 409A of the Code and
will be interpreted accordingly. 

  

	3.	 Vesting. This Award will vest according to the Vesting Schedule on the attached cover sheet, unless and
until your Service terminates. 

  

	4.	 Escrow. The Company shall issue the Shares of Restricted Stock either (i) in certificate form or
(ii) in book entry form, registered in the name of Participant, with legends, or notations, as applicable, referring to the terms, conditions and restrictions applicable to the Award. Any certificate(s) for the Restricted Stock shall be
deposited in escrow with the Secretary of the Company (or his/her designee) to be held in accordance with the provisions of this paragraph. Each deposited certificate shall be accompanied by a duly executed Assignment Separate from Certificate in
the form attached hereto as Exhibit A. The deposited certificates shall remain in escrow until such time as the certificates are to be released or otherwise surrendered for cancellation as discussed below. 

All dividends whether in cash or in stock, if any, on the Restricted Stock shall also be held in escrow and subject to the same vesting terms
and conditions as the Restricted Stock and such dividends shall only be paid to Participant upon vesting of the underlying Shares of Restricted Stock. 

The Restricted Stock held in escrow hereunder shall be subject to the following terms and conditions relating to their release from escrow or
their surrender to the Company, provided, however, that the minimum number of Shares released to you in any individual release of Share certificates must be at least twenty-five (25) Shares (unless the release represents your final release of
Shares from escrow): 
 When your interest in the Restricted Stock vests, the Company shall, as applicable, either remove the notations on
any such Shares of Restricted Stock issued in book entry form or deliver to Participant a stock certificate representing a number of Shares of Common Stock, equal to the number of Shares of Restricted Stock with respect to which have become vested.

  
 -2- 

	5.	 Transfer of Award. You cannot gift, transfer, assign, alienate, pledge, hypothecate, attach, sell, or
encumber this Award. If you attempt to do any of these things, this Award will immediately become invalid. You may, however, dispose of this Award in your will or it may be transferred by the laws of descent and distribution. Regardless of any
marital property settlement agreement, the Company is not obligated to recognize your spouse’s interest in your Award in any other way. 

  

	6.	 Code Section 83(b) Election. You represent and warrant that you understand the
Federal, state and local income tax consequences of the granting of this Restricted Stock. Under Section 83 of the Code, the Fair Market Value of the Restricted Stock on the date any forfeiture restrictions applicable to such Restricted Stock
lapse will be reportable as ordinary income at that time. For this purpose, “forfeiture restrictions” include surrender to the Company of unvested Restricted Stock as described above. You may voluntarily elect to be taxed at the time the
Restricted Stock is acquired to the extent that the Fair Market Value of the Restricted Stock exceeds the amount of consideration paid by you (if any) for such Restricted Stock at that time rather than when such Restricted Stock ceases to be subject
to such forfeiture restrictions, by filing an election under Section 83(b) of the Code with the Internal Revenue Service within thirty (30) days after the Date of Award. A form for making this election is attached as Exhibit B
hereto. Failure to make this filing within the thirty (30) day period will result in the recognition of ordinary income by you as the forfeiture restrictions lapse. YOU ACKNOWLEDGE THAT IT IS YOUR SOLE RESPONSIBILITY, AND NOT THE
COMPANY’S, TO FILE A TIMELY ELECTION UNDER CODE SECTION 83(b), EVEN IF YOU REQUEST THE COMPANY OR ITS REPRESENTATIVES TO MAKE THIS FILING ON YOUR BEHALF. MOREOVER, YOU ARE RELYING SOLELY ON YOUR OWN ADVISORS WITH RESPECT TO THE DECISION AS TO
WHETHER OR NOT TO FILE A CODE SECTION 83(b) ELECTION. 

  

	7.	 Leaves of Absence. For purposes of this Award, your Service does not terminate when you go on a bona
fide leave of absence that was approved by the Company in writing, if the terms of the leave provide for Service crediting, or when Service crediting is required by applicable law. Your Service terminates in any event when the approved leave
ends unless you immediately return to active work. 

 The Company determines which leaves count for this purpose (along
with determining the effect of a leave of absence on vesting of the Award), and when your Service terminates for all purposes under the Plan. 
  

	8.	 Voting and Other Rights. Subject to the terms of this Agreement, you shall have all the rights and
privileges of a shareholder of the Company while the Restricted Stock is held in escrow, including the right to vote and to receive dividends (if any). 

  

	9.	 Restrictions on Issuance. The Company will not issue any Restricted Stock or Shares if the issuance of
such Restricted Stock or Shares at that time would violate any law or regulation. 

  
 -3- 

	10.	 Taxes and Withholding. You will be solely responsible for payment of any and all applicable taxes,
including without limitation any penalties or interest based upon such tax obligations, associated with this Award. 

 The
delivery to you of any Shares will not be permitted unless and until you have satisfied any withholding or other taxes that may be due. Any such tax withholding obligations may be settled in the Company’s discretion by the Company withholding
and retaining a portion of the Shares from the Shares that would otherwise be deliverable to you under the vesting Restricted Stock as provided in the next two sentences. Such withheld Shares will be applied to pay the withholding obligation by
using the aggregate fair market value of the withheld Shares as of the date of vesting. You will be delivered the net amount of vested Shares after the Share withholding has been effected and you will not receive the withheld Shares. The
Company will not deliver any fractional number of Shares. 
  

	11.	 Clawback Policy. You expressly acknowledge and agree to be bound by any Company policy on recoupment of
equity or other compensation, including the clawback provisions contained in Section 20 of the Plan. 

  

	12.	 No Employment or Retention Rights. Your Award or this Agreement does not give you the right to be
retained by the Company (and any Subsidiaries) as an employee or in any other capacity. The Company (and any Subsidiaries) reserves the right to terminate your Service at any time and for any reason. 

 

	13.	 Extraordinary Compensation. This Award and the Shares subject to the Award are not intended to
constitute or replace any pension rights or compensation and are not to be considered compensation of a continuing or recurring nature, or part of your normal or expected compensation, and in no way represent any portion of your salary, compensation
or other remuneration for any purpose, including but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar
payments. 

  

	14.	 Adjustments. In the event of a stock split, a stock dividend or a similar change in the Company stock,
the number of outstanding Shares of Restricted Stock covered by this Award may be adjusted (and rounded down to the nearest whole number) pursuant to the Plan. Your Restricted Stock shall be subject to the terms of the agreement of merger,
liquidation or reorganization in the event the Company is subject to such corporate activity. 

  

	15.	 Legends. All certificates or book entries representing the Common Stock issued under this Award may,
where applicable, have endorsed thereon the following notations or legends and any other notation or legend the Company determines appropriate: 

“THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER AND OPTIONS TO PURCHASE SUCH SHARES SET FORTH
IN AN AGREEMENT BETWEEN THE COMPANY AND THE REGISTERED HOLDER, OR HIS OR HER PREDECESSOR IN INTEREST. A COPY OF SUCH AGREEMENT IS ON FILE AT THE PRINCIPAL OFFICE OF THE COMPANY AND WILL BE FURNISHED UPON WRITTEN REQUEST TO THE SECRETARY OF THE
COMPANY BY THE HOLDER OF RECORD OF THE SHARES REPRESENTED BY THIS CERTIFICATE.” 

  
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 “THE SHARES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED, AND MAY NOT BE SOLD, PLEDGED, OR OTHERWISE TRANSFERRED WITHOUT AN EFFECTIVE REGISTRATION THEREOF UNDER SUCH ACT OR AN OPINION OF COUNSEL, SATISFACTORY TO THE COMPANY AND ITS COUNSEL, THAT SUCH REGISTRATION IS NOT REQUIRED.”

  

	16.	 Applicable Law. This Agreement will be interpreted and enforced under the laws of the State of
California without reference to the conflicts of law provisions thereof. 

  

	17.	 Binding Effect; No Third Party Beneficiaries. This Agreement shall be binding upon and inure to the
benefit of the Company and you and any respective heirs, representatives, successors and permitted assigns. This Agreement shall not confer any rights or remedies upon any person other than the Company and you and any respective heirs,
representatives, successors and permitted assigns. The parties agree that this Agreement shall survive the settlement or termination of the Award. 

  

	18.	 Notice. Any notice to be given or delivered to the Company relating to this Agreement shall be in
writing and addressed to the Company at its principal corporate offices. All notices shall be deemed effective upon personal delivery or upon deposit in the U.S. mail, postage prepaid and properly addressed to the Company. Any notice to be given or
delivered to you relating to this Agreement may be delivered by email (including prospectuses required by the SEC) as well as all other documents that the Company is required to deliver to its security holders (including annual reports and proxy
statements). The Company may also deliver these documents by posting them on a web site maintained by the Company or by a third party under contract with the Company. 

 

	19.	 Voluntary Participant. You acknowledge that you are voluntarily participating in the Plan.

  

	20.	 No Rights to Future Awards Your rights, if any, in respect of or in connection with any future Awards
are derived solely from the discretionary decision of the Company to permit you to participate in the Plan and to benefit from a discretionary future Award. By accepting this Award, you expressly acknowledge that there is no obligation on the part
of the Company to continue the Plan and/or grant any additional Awards to you or benefits in lieu of any other Awards even if Awards have been granted repeatedly in the past. All decisions with respect to future Awards, if any, will be at the sole
and absolute discretion of the Committee. 

  
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	21.	 Future Value. The future value of the underlying Shares is unknown and cannot be predicted with
certainty. If the underlying Shares do not maintain or increase their value after the Date of Award, the Award could have little or no value. 

  

	22.	 No Advice Regarding Award. The Company has not provided any tax, legal or financial advice, nor has the
Company made any recommendations regarding your participation in the Plan, or your acquisition or sale of the underlying Shares. You are hereby advised to consult with your own personal tax, legal and financial advisors regarding your participation
in the Plan before taking any action related to the Plan. 

  

	23.	 No Right to Damages. You will have no right to bring a claim or to receive damages if any portion of the
Award is cancelled or expires. The loss of existing or potential profit in the Award will not constitute an element of damages in the event of the termination of your Service for any reason, even if the termination is in violation of an obligation
of the Company or a Subsidiary to you. 

  

	24.	 Data Privacy. You hereby explicitly and unambiguously consent to the collection, use and transfer, in
electronic or other form, of your personal data as described in this document by the Company for the exclusive purpose of implementing, administering and managing your participation in the Plan. You understand that the Company holds certain personal
information about you, including, but not limited to, name, home address and telephone number, date of birth, social security or insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships
held in the Company, details of all Awards or any other entitlement to Shares awarded, cancelled, purchased, exercised, vested, unvested or outstanding in your favor for the purpose of implementing, managing and administering the Plan
(“Data”). You understand that the Data may be transferred to any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in your country or elsewhere and that
the recipient country may have different data privacy laws and protections than your country. You authorize the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing,
administering and managing your participation in the Plan, including any requisite transfer of such Data, as may be required to a broker or other third party with whom you may elect to deposit any Shares acquired under the Plan.

  

	25.	 Other Information. You agree to receive shareholder information, including copies of any annual report,
proxy statement and periodic report, from the Company’s website, if the Company wishes to provide such information through its website. You acknowledge that copies of the Plan, Plan prospectus, Plan information and shareholder information are
also available upon written or telephonic request to the Plan’s administrator. 

  

	26.	 Further Assistance. You agree to provide assistance reasonably requested by the Company in connection
with actions taken by you while providing services to the Company, including but not limited to assistance in connection with any lawsuits or other claims against the Company arising from events during the period in which you rendered service to the
Company. 

  
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	27.	 General. In the event of a conflict between the terms and conditions of the Plan and the terms
and conditions of this Agreement, the terms and conditions of the Plan shall prevail. The rights of the Company under this Agreement and the Plan shall be transferable to any one or more persons or entities, and all covenants and agreements
hereunder shall inure to the benefit of, and be enforceable by the Company’s successors and assigns. Your rights and obligations under this Agreement may only be assigned with the prior written consent of the Company. Should any provision or
portion of this Agreement be held to be unenforceable or invalid for any reason, the remaining provisions and portions of this Agreement shall be unaffected by such holding. YOU ACKNOWLEDGE AND AGREE THAT THE ISSUANCE OF SHARES PURSUANT TO THIS
AGREEMENT SHALL BE EARNED ONLY BY YOU RENDERING SERVICE OR AS OTHERWISE PROVIDED HEREIN, AND NOT THROUGH THE ACT OF BEING HIRED, APPOINTED OR OBTAINING SHARES HEREUNDER. 

 
  

  
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 EXHIBIT A 

ASSIGNMENT SEPARATE FROM CERTIFICATE 

FOR VALUE RECEIVED and pursuant to that certain Restricted Stock Award Agreement dated as of
[                            ], the undersigned hereby sells, assigns and transfers unto
[                ] shares of the Common Stock of California Bancorp, a California corporation, standing in the
undersigned’s name on the books of said corporation represented by certificate No.
                                , herewith, and does hereby irrevocably constitute
and appoint                                  attorney-in-fact to transfer the said stock on the books of the said corporation with full power of substitution in the premises. 

Dated: [Month] [Day], 20     
  

	
	   

  
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 EXHIBIT B 

ELECTION UNDER SECTION 83(b) OF 

THE INTERNAL REVENUE CODE 
 The
undersigned taxpayer hereby elects, pursuant to § 83(b) of the Internal Revenue Code of 1986, as amended, to include in gross income as compensation for services the excess (if any) of the fair market value of the shares described below over
the amount paid for those shares. 
  

	1.	 The name, taxpayer identification number, address of the undersigned, and the taxable year for which this
election is being made are: 

 TAXPAYER’S NAME:
                                         
                                         
                                         
          
 TAXPAYER’S SOCIAL SECURITY NUMBER:
                                         
                                         
           
 ADDRESS:
                                         
                                         
                                         
                              

TAXABLE YEAR: Calendar Year 202     
  

	2.	 The property which is the subject of this election is
                     shares of common stock of California Bancorp. 

 

	3.	 The property was transferred to the undersigned on [DATE]. 

 

	4.	 The property is subject to the following restrictions: [Describe applicable restrictions here.]

  

	5.	 The fair market value of the property at the time of transfer (determined without regard to any restriction
other than a nonlapse restriction as defined in § 1.83-3(h) of the Income Tax Regulations) is: $                 per
share x                  shares =
$                    . 

  

	6.	 For the property transferred, the undersigned paid
$                 per share x                  shares =
$                    . 

  

	7.	 The amount to include in gross income is
$                            . [The result of the amount reported in Item 5 minus the amount
reported in Item 6.] 

 The undersigned taxpayer will file this election with the Internal Revenue Service office with which taxpayer
files his or her annual income tax return not later than 30 days after the date of transfer of the property. A copy of the election also will be furnished to the person for whom the services were performed. The undersigned is the person performing
the services in connection with which the property was transferred. 
  

									
					
	Dated:	 	 	 		 		 	 
		 		 		 		 	 Taxpayer

  
 -1-EX-10.8

 Exhibit 10.8 

STOCK OPTION AWARD AGREEMENT 

California Bank of Commerce a California banking corporation, and the undersigned person (“Optionee”) have entered into this Stock
Option Agreement effective as of the Grant Date set forth below. The Company has granted to Optionee the option (the “Option”) to purchase the number of shares (the “Shares”) of common stock, no par value, of the Company
(“Stock”) set forth below at the per Share purchase price (the “Exercise Price”) set forth below, pursuant to the terms of this Award Agreement. The Option was granted under the Company’s Stock Option Plan as the same may be
amended, modified, supplemented or interpreted from time to time (the “Plan”), which is incorporated herein by reference and to which this Option is subject in all respects. 

 

											
		  		  	
Optionee Name:            
	  		  		  	
						
		  		  	 Grant
Date:            
	  		  		  	
						
		  		  	
Vesting Commencement Date:            
	  		  		  	
						
		  		  	 Number of
Shares:            
	  		  		  	
						
		  		  	 Exercise
Price:            
	  		  		  	

  

	1.	 Terms of Plan. 

All capitalized terms used in this Award Agreement and not otherwise defined shall have the meanings ascribed thereto in the Plan. Optionee
confirms and acknowledges that Optionee has received and reviewed a copy of the Plan, dated June 21, 2007. The Plan is administered by the Committee which has complete authority to make all determinations with respect to each Award, to
interpret the Plan, to prescribe, amend and rescind rules and regulations relating to the Plan, to determine the terms and provisions of Award Agreements, and to make all other determinations under the Plan. 

 

	2.	 Nature of the Option. 

The Option has been granted as an incentive to Optionee’s Continuous Service, and is in all respects subject to such Continuous Service
and all other terms and conditions of this Award Agreement. The Option is intended to be an Incentive Option. 
  

	3.	 Vesting, Exercise and Term of Option. 

The Option shall vest and become exercisable during its term in accordance with the following provisions: 

(a)            Vesting and Right of Exercise. 

(i)          The Options shall start vesting with
[            ] options vesting as of Date, and the remaining Options ( [            ] options) will vest daily in equal amounts until
[            ]. 
 (ii)
        In the event of Optionee’s death, disability or other termination of Optionee’s Continuous Service, the Option shall be exercisable in the following manner: 

 (I) Termination of Employment or Directorship: the Option ceases to be exercisable 30 days
following termination of employment or directorship, during which time it shall be exercisable only to the extent exercisable at the date of termination, except that the Option shall not be exercised after its expiration date; 

(II) Disability: if Optionee was in Continuous Service from the Grant Date until the date of termination of service due to disability the
Option ceases to be exercisable twelve months following the date of termination of Continuous Service from disability, during which time it shall be exercisable only to the extent exercisable at the date of termination due to disability, except that
the Option shall not be exercised after its expiration date; and 
 (III) Death: if the Optionee was in Continuous Service from the Grant
Date until the date of death, the Option ceases to be exercisable twelve months following the date of death, during which time it shall be exercisable by the Optionee’s estate or by a person who acquired the right to exercise the Option by
bequest, inheritance or otherwise as a result of the Optionee’s death only to the extent exercisable at the date of death, except that the Option shall not be exercised after its expiration date. 

 

	 	(b)	 Method of Exercise. 

In order to exercise any vested portion of the Option, Optionee shall notify the Company in writing by executing and delivering
the Notice of Exercise of Stock Option in the form attached hereto as Exhibit A (the “Exercise Notice”). The certificate or certificates representing Shares as to which the Option has been exercised shall be registered in the name of
Optionee or otherwise as the Optionee may request and the Company shall permit. 
  

	 	(c)	 Restrictions on Exercise; Term of Option. 

(i)          Optionee may exercise the Option only with respect to Shares that have vested in
accordance with Section 3(a) of this Award Agreement. 
 (ii)         Optionee may not exercise
the Option if the issuance of the Shares upon such exercise or the method of payment of consideration for such Shares would constitute a violation of any applicable federal or state securities law or other law or regulation. 

(iii)         The method and manner of payment of the Exercise Price will be subject to the prohibition
on loans to directors and executive officers in Section 402 of the Sarbanes-Oxley Act of 2002, to the rules under Part 221 of Title 12 of the Code of Federal Regulations as promulgated by the Federal Reserve Board, and to any other applicable
laws, rules or regulations. 
 (iv)         As a condition to the exercise of the Option, the Company
may require certain representations and warranties as the Company may request pursuant to Section 9.3 of the Plan. Prior to or subsequent to exercise of the Option, the Company may require the Optionee to enter into certain lock-up arrangements as provided in Section 9.4 of the Plan. 

 (v)         Optionee may only exercise the Option
upon, and the obligations of the Company under this Award Agreement to issue Shares to Optionee upon any exercise of the Option is conditioned on, satisfaction of all federal, state, local or other withholding tax obligations associated with such
exercise (whether so required to secure for the Company a tax deduction or otherwise) (“Withholding Obligations”). The Company reserves the right to require Optionee to remit to the Company an amount sufficient to satisfy all Withholding
Obligations prior to the issuance of any Shares upon any exercise of the Option. In addition, Optionee authorizes the Company to deduct any such Withholding Obligations from any payments of any kind due to Optionee (whether in connection with the
Option or otherwise). The Optionee may elect to satisfy Withholding Obligations, in whole or in part, by having the Company withhold shares of Stock otherwise due to the Optionee upon exercise of the Option, or by submitting shares of Stock
previously owned by the Optionee. 
 (vi)         No fraction of a Share shall be purchasable or
deliverable upon exercise of the Option, but in the event any such Shares shall include a fraction of a Share (whether due to net exercise, payment of the Exercise Price by having Shares withheld or by submitting previously owned shares, by
adjustment of the Option as provided in the Plan, or otherwise), such number of Shares shall be rounded down to the nearest smaller whole number of Shares. 

(vii)         The Option may not be exercised more than 10 years after the Grant Date, and may be
exercised during such term only in accordance with the terms of this Award Agreement. 
  

	4.	 Transferability of Option. 

(a)          The Option may not be transferred in any manner other than by will or pursuant
to the laws which would apply if the Optionee dies without leaving a will. 

(b)          The terms of this Award Agreement shall bind the Optionee and his or her spouse
or domestic partner and the respective Permitted Transferees, executors, administrators, heirs, personal representatives and successors of the foregoing. 
  

	5.	 Method of Payment. 

(a)          Upon exercise, Optionee shall pay the aggregate Exercise Price of the Shares
purchased and the Withholding Obligations by any of the following methods, or a combination thereof, at the election of Optionee: 
 (i)
         cash; 
 (ii)         certified or bank
cashier’s check; 
 (iii)         if shares of Stock are traded on an established stock market
or exchange on the date of exercise, by surrender of whole shares of Stock having a Market Value equal to the portion of the Exercise Price to be paid by such surrender, provided that if such shares of Stock to be surrendered were acquired upon
exercise of an Incentive Option, Optionee must have 

 
first satisfied the holding period requirements under Section 422(a)(1) of the Code; 

(iv)        by a “net exercise” of the Option, in which the Company will not require a
payment of the Exercise Price but will reduce the number of shares of Stock issued upon the exercise by the largest number of whole shares that have a Fair Market Value that does not exceed the aggregate Exercise Price of the Shares as to which the
Option is being exercised. With respect to any remaining balance of the aggregate Exercise Price, the Company will accept a cash payment from the Optionee. The number of shares of Stock underlying the Option will decrease following exercise to the
extent of (i) Shares used to pay the Exercise Price of an Option under the “net exercise” feature, (ii) Shares actually delivered to the Optionee as a result of such exercise and (iii) shares withheld to pay the Withholding
Obligations; or 
 (v)        if shares of Stock are traded on an established stock market or
exchange on the date of exercise, pursuant to and under the terms and conditions of any formal cashless exercise program authorized by the Company entailing the sale of the Stock subject to an Option in a brokered transaction (other than to the
Company). 
 (b)            Payment in Stock. If Optionee shall pay all or a
portion of the aggregate Exercise Price and Withholding Obligations due upon an exercise of the Option by surrendering shares of Stock pursuant to Section 5(a)(iii), then Optionee: 

(i)         shall accompany the Exercise Notice with a duly endorsed blank stock power (with an
appropriate signature guarantee if requested by the Company) with respect to the number of shares of Stock to be surrendered and shall deliver the certificate(s) representing such surrendered shares to the Company at its principal offices within two
business days after the date of the Exercise Notice; 
 (ii)        authorizes the Company to
transfer so many whole number of Shares represented by such certificate(s) that have a Fair Market Value that does not exceed the aggregate Exercise Price for the Shares as to which the Option is being exercised. With respect to any remaining
balance of the aggregate Exercise Price, the Company will accept a cash payment from the Optionee; and 

(iii)        may not surrender any fractional share as payment of any portion of the Exercise Price.

  

	6.	 Adjustments to Option. 

Pursuant to Section 8.1 of the Plan, in certain cases the number of Shares covered by the Option and the Exercise Price will be
proportionately adjusted if the outstanding number of shares of Stock are increased, decreased, or exchanged for a different number or kind of shares or other securities, or if additional shares or new or different shares or other securities are
distributed with respect to the outstanding Stock, through merger, consolidation, sale of all or substantially all the property of the Company, reorganization, combination, recapitalization, reclassification, stock dividend, stock split, reverse
stock 

 
split, or other similar distribution of the Company’s equity securities without the receipt of consideration by the Company. 

 

	7.	 Not an Employment Contract. 

Nothing in the Plan or this Award Agreement shall confer upon Optionee any right to continuation of the Optionee’s employment or other
association with the Company or shall interfere with or restrict in any way the rights of the Company, which are hereby expressly reserved, to modify the terms of Optionee’s employment or to terminate Optionee’s employment at any time for
any reason whatsoever, with or without cause. 
  

	8.	 Tax Consequences Generally. 

Optionee acknowledges that Optionee may suffer adverse tax consequences as a result of exercise of the Option. Optionee acknowledges that the
Company advises Optionee to consult with the Optionee’s tax advisers in connection with the tax implications relating to the Option including but not limited to the acquisition, disposition or transfer of the Option or of any securities or
property in connection therewith, and that Optionee is not relying on the Company for any tax advice in connection therewith. Any adverse consequences incurred by an Optionee in connection with the Option, including, without limitation, from the use
of shares of Stock to pay any part of the Exercise Price or any tax in connection with the exercise of the Option, and any adverse tax consequences arising from a disqualifying disposition within the meaning of Section 422 of the Code, shall be
the sole responsibility of Optionee. 
  

	9.	 Cancellation of Option for Improper Acts of Optionee. 

If, at any time during the course of the Optionee’s employment with the Company or any Affiliates, the Optionee engages in any activity in
competition with any business activity of the Company or of any Affiliates, or inimical, contrary or harmful to the interests of the Company or any Affiliates, then the Option and all other Awards under the Plan made to the Optionee shall terminate
and be forfeited. 
  

	10.	 Consent of Spouse/Domestic Partner. 

Optionee agrees that Optionee’s spouse’s or domestic partner’s interest in the Option is subject to this Award Agreement and
such spouse or domestic partner is irrevocably bound by the terms and conditions of this Award Agreement. Optionee agrees that all community property interests of Optionee and Optionee’s spouse or domestic partner in the Option, if any, shall
similarly be bound by this Award Agreement. Optionee agrees that this Award Agreement is binding upon Optionee’s and Optionee’s spouse’s or domestic partner’s executors, administrators, heirs and assigns. Optionee represents and
warrants to the Company that Optionee has the authority to bind Optionee’s spouse/domestic partner with respect to the Option. Optionee agrees to execute and deliver such documents as may be necessary to carry out the intent of this
Section 10 and the consent of Optionee’s spouse/domestic partner. 

 IN WITNESS WHEREOF, Optionee and the Company have entered into this Award Agreement as of the Grant Date.

  

							
	Optionee	  				  	California Bank of Commerce
			
	  
	  	 	By:	 	  	  

	 Name
	  	 	Name:	 	  	  

		  	 	Title	 	  	  

 EXHIBIT A 

NOTICE OF EXERCISE OF STOCK OPTION 

I
                                         
                                (please print legibly) hereby elect to exercise the stock
options(s) identified below (the “Option(s)”) granted to me by California Bank of Commerce (the “Company”) under it’s 2007 Equity Incentive Plan (the “Plan”) with respect to the number of shares of
Stock of the Company set forth below (the “Shares”). I acknowledge and agree that my exercise of the Option(s) is subject to the terms and conditions of the Plan and the Stock Option Award Agreement(s) governing the Option(s).
Optionee confirms and acknowledges that Optionee has received and reviewed copies of the Plan and the Prospectus, dated May 11, 2007, with respect to the Plan. 

 

	 	1.	
                     Shares at $
                     per share (Grant date of Option):
                     

  

	 	2.	
                     Shares at $
                     per share (Grant date of Option):
                     

  

	 	3.	
                     Shares at $
                     per share (Grant date of Option):
                     

  

	 	4.	
                     Shares at $
                     per share (Grant date of Option):
                     

  

	
	 OPTION EXERCISE

 
 I choose to pay the Exercise Price of the above option(s) as follows
[please complete the numbered item(s) which apply to your exercise]:
  

1.    Cash:
$                            

 
 2.    Check:
$                             (please make checks payable to California Bank of Commerce)
  

3.    Surrender of
                             Shares

 
 4.    Net exercise
as described in Section 5(a)(iv) of the Option   ☐   [if applicable check box]
  

I choose to pay the tax withholding relating to the exercise of the above option(s) as follows:

 
 5.    Cash:
$                            

 
 6.    Check:
$                             (please make checks payable to California Bank of Commerce)

 
 7.    Surrender of
                         Shares currently owned by Optionee

 
 8.    Withholding of
                     Shares from Shares otherwise deliverable on exercise.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00306-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00306-of-00352.parquet"}]]