Document:

Split Dollar Agreement

 Exhibit 10.46 
 FIRST CALIFORNIA BANK 
 SPLIT DOLLAR AGREEMENT 

 THIS AGREEMENT is adopted this ____ day of __________, 2006, by and between FIRST CALIFORNIA BANK, a state-chartered
commercial bank located in Camarillo, California (the “Company”) and EDMOND SAHAKIAN (the “Executive”). This Agreement shall append the Split Dollar Endorsement entered into on even date herewith or as subsequently amended, by
and between the aforementioned parties. 
 INTRODUCTION 
 To encourage the Executive to remain an employee of the Company, the Company is willing to divide the death proceeds of a life insurance
policy on the Executive’s life. The Company will pay life insurance premiums from its general assets. 
 AGREEMENT 

 The Company and the Executive agree as follows. 
 ARTICLE 1 
 General Definitions 
 The following terms shall have the meanings specified: 
 1.1 “Change of Control” means the transfer of shares of the Company’s voting common stock such that one entity or one person acquires (or is deemed to acquire when applying
Section 318 of the Code) more than seventy-five percent (75%) of the Company’s outstanding voting common stock. 
 1.2 “Disability” means the Participant suffering a sickness, accident, or injury which has been determined by the carrier of any individual or group disability insurance policy covering the Participant, or by the Social
Security Administration, to be a disability rendering the Participant totally and permanently disabled. The Participant must submit proof to the Company of the carrier’s or Social Security Administration’s determination upon the request of
the Company. 
 1.3 “Insured” means Executive. 
 1.4 “Insurer” means each life insurance carrier that has a Split Dollar Policy Endorsement attached to this Agreement.

 1.5 “Normal Retirement Age” means the Executive’s 65th birthday. 

 1.6 “Plan Year” means a twelve-month period commencing on the effective
date of this Agreement. 
 1.7 “Policy” means the specific life insurance policy issued by the Insurer.

 1.8 “Termination of Employment” means the Executive ceasing to be employed by the Company for any reason
whatsoever, other than be reason of an approved leave of absence. 
 ARTICLE 2 
 Policy Ownership/Interests 
 2.1 Company Ownership. The Company is the sole owner of the Policy and shall have the right to exercise all incidents of ownership. The Company shall be the beneficiary of the remaining death
proceeds of the Policy after the interest of the Executive’s assignee has been paid according to Section 2.2 below. 
 2.2 Executive’s Interest. The Executive or the Executive’s assignee shall have the right to designate the beneficiary of one of the following death benefit amounts: 
 (a) Pre-Termination Death Benefit. If the Executive was employed by the Company at the time of death, the death
benefit shall be $100,000 (One Hundred Thousand Dollars). 
 (b) Post-Termination Death Benefit. If the
Executive was no longer employed by the Company at the time of death, and the Termination of Employment took place (i) within 12 months following a Change of Control, or (ii) on or after Normal Retirement Age, the death benefit shall be
540,000 (Forty Thousand Dollars). However, if the Termination of Employment did not take place (i) within 12 months following a Change of Control, or (ii) on or after Normal Retirement Age, the death benefit shall be determined by
multiplying the following vesting percentages by $40,000. (Forty Thousand Dollars): 
  

			
	Plan Year    	  	Vesting Percentage
	1	  	2%
	2	  	4%
	3	  	6%
	4	  	16%
	5	  	26%
	6	  	36%
	7	  	46%
	8	  	64%
	9	  	82%
	10+	  	100%

 2.3 Disability. 
 (a) Except as otherwise provided in paragraph (b) of this Section 2.3, if the Participant’s employment with the Company is terminated because of the Participant’s Disability, the
Company shall maintain the Policy in full force and effect and, in no event, shall the Company amend, terminate or otherwise abrogate the Participant’s Interest in the Policy. However, the Company may replace the Policy with a comparable policy
to cover the benefit provided under this Plan, and the Company and the Participant shall execute a new Split Dollar Endorsement(s). The Policy or any comparable policy shall be subject to the claims of the Company’s creditors. 

 (b) Notwithstanding the provisions of paragraph (a) of this section
2.3, upon the disabled Participant’s gainful employment with any entity other than the Company, the Company shall have no further obligation to the disabled Participant, and the disabled Participant’s rights pursuant to the Plan shall
cease. In the event the disabled Participant’s rights are terminated hereunder and the Company decides to maintain the Policy, the Company shall be the direct beneficiary of the entire death proceeds of the Policy. 
 ARTICLE 3 
 Premiums 
 3.1 Premium Payment. The Company shall pay any premiums due on the policy. 
 3.2 Economic Benefit. The Company shall determine the economic benefit attributable to the Executive based on the amount of the
current term rate for the Executive’s age multiplied by the aggregate death benefit payable to the Executive’s beneficiary. The “current term rate” is the minimum amount required to be imputed under Revenue Rulings 64-328 and
66-110, or any subsequent applicable authority. 
 3.3 Imputed Income. The Company shall impute the economic benefit to
the Executive on an annual basis. 
 ARTICLE 4 
 Assignment 
 The Executive may irrevocably assign
without consideration all of the Executive’s interests in the policy and in this Agreement to any person, entity or trust. In the event the Executive transfers all of the Executive’s interest in the Policy, then all of the Executive’s
interest in the Policy and in the Agreement shall be vested in the Executive’s transferee, who shall be substituted as a party hereunder and the Executive shall have no further interest in the Policy or in this Agreement. 
 ARTICLE 5 
 Insurer 
 The Insurer shall be bound only by the terms of the Policy. Any payments the Insurer makes or actions
it takes in accordance with the Policy shall fully discharge it from all claims, suits, and demands of all entities or persons. The Insurer shall not be bound by or deemed to have notice of the provisions of this Agreement. 
 ARTICLE 6 
 Claims and Review Procedures 
 6.1 Claims Procedure. Any person or entity who has not received benefits
under the Plan that he or she believes should be paid (the “claimant”) shall make a claim for such benefits as follows: 

 6.1.1 Initiation – Written Claim. The claimant initiates a claim
by submitting to the Company a written claim for the benefits. 
 6.1.2 Timing of Company Response. The
Company shall respond to such claimant within 90 days after receiving the claim. If the Company determines that special circumstances require additional time for processing the claim. the Company can extend the response period by an additional 90
days by notifying the claimant in writing, prior to the end of the initial 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 Company expects to render its
decision. 
 6.1.3 Notice of Decision. If the Company denies part or all of the claim, the Company shall
notify the claimant in writing of such denial. The Company shall write the notification in a manner calculated to be understood by the claimant. The notification shall set forth: 
 (a) The specific reasons for the denial, 
 (b) A reference to the specific provisions of the Plan on which the denial is based, 
 (c) A description of any additional information or material necessary for the claimant to perfect the claim and an
explanation of why it is needed, 
 (d) An explanation of the Plan’s review procedures and the time limits
applicable to such procedures, and 
 (e) A statement of the claimant’s right to bring a civil action under
ERISA Section 502(a) following an adverse benefit determination on review. 
 6.2 Review Procedure. If the Company
denies part or all of the claim, the claimant shall have the opportunity for a full and fair review by the Company of the denial, as follows: 
 6.2.1 Initiation – Written Request. To initiate the review, the claimant, within 60 days after receiving the Company’s notice of denial, must file with the Company a written request for
review. 
 6.2.2 Additional Submissions – Information Access. The Claimant shall then have the
opportunity to submit written comments, documents, records, and other information relating to the claim. The Company shall also provide the claimant, upon request and free of charge, reasonable access to, and the copies of, all documents, records,
and other information relevant (as defined in applicable ERISA regulations) to the claimant’s claim for benefits. 

 6.2.3 Considerations on Review. In considering the review, the
Company shall take into account all materials and information the claimant submits relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination. 
 6.2.4 Timing of Company Response. The Company shall respond in writing to such claimant within 60 days after
receiving the request for review. If the Company determines that special circumstances require additional time for processing the claim, the Company can extend the response period by an additional 60 days by notifying the claimant in writing, prior
to the end of the initial 60-day period that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Company expects to render its decision. 
 6.2.5 Notice of Decision. The Company shall notify the claimant in writing of its decision on review. The Company
shall write the notification in a manner calculated to be understood by the claimant. The notification shall set forth: 
 (a) The specific reasons for the denial, 
 (b) A reference to the
specific provisions of the Plan on which the denial is based, 
 (c) A statement that the 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 the claimant’s claim for benefits, and 
 (d) (d) A statement of the claimant’s right to bring a civil action under ERISA Section 502(a). 
 ARTICLE 7 
 Amendments and Termination 
 This Agreement may be amended or terminated only by a written agreement signed by
the Company and the Executive. 
 In the event this Agreement is terminated under this Article 7, the Company shall not sell,
surrender or transfer ownership of the Policy without first giving the Executive or the Executive’s transferee the option to purchase the Policy for a period of 60 days from written notice of such intention. The purchase price shall be an
amount equal to the cash surrender value of the Policy. 
 ARTICLE 8 
 Miscellaneous 
 8.1 Binding Effect. This Agreement shall bind the Executive and the Company and their beneficiaries, survivors, executors, administrators and transferees, and any Policy beneficiary. 

 8.2 No Guarantee of Employment. This Agreement is not an employment policy or
contract. It does not give the Executive the right to remain an employee of the Company, nor does it interfere with the Company’s light to discharge the Executive. It also does not require the Executive to remain an employee nor interfere with
the Executive’s right to terminate employment at any time. 
 8.3 Applicable Law. The Agreement and all rights
hereunder shall be governed by and construed according to the laws of the State of California, except to the extent preempted by the laws of the United States of America. 
 8.4 Reorganization. The Company shall not merge or consolidate into or with another company, or reorganize or sell substantially all of its assets to another company, firm or person unless such succeeding
or continuing company, firm or person agrees to assume and discharge the obligations of the Company. 
 8.5 Notice. Any
notice, consent or demand required or permitted to be given under the provisions of this Split Dollar Agreement by one party to another shall be in writing, shall be signed by the party giving or making the same, and may be given either by
delivering the same to such other party personally, or by mailing the same, by United States certified mail, postage prepaid, to such party, addressed to his or her last known address as shown on the records of the Company. The date of such mailing
shall be deemed the date of such mailed notice, consent or demand. 
 8.6 Entire Agreement. This Agreement constitutes
the entire agreement between the Company and the Executive as to the subject matter hereof. No lights are granted to the Executive by virtue of this Agreement other than those specifically set forth herein. 
 8.7 Administration. The Company shall have powers which are necessary to administer this Agreement, including but not limited to:

 (a) Interpreting the provisions of this Agreement; 
 (b) Establishing and revising the method of accounting for this Agreement; 
 (c) Maintaining a record of benefit payments; and 
 (d) Establishing rules and prescribing any forms necessary or desirable to administer the Agreement. 
 8.8 Named Fiduciary. The Company shall be the named fiduciary and plan administrator under the Agreement. The named fiduciary may
delegate to others certain aspects of the management and operation responsibilities of the plan including the employment of advisors and the delegation of ministerial duties to qualified individuals. 

 IN WITNESS WHEREOF, the parties have executed this Agreement the day and year first above written.

  

					
	 EXECUTIVE
  
                                        
                                         
      
 EDMOND SAHAKIAN
	 	 	  	 COMPANY:
 FIRST CALIFORNIA BANK

  
 By                                       
                                    
 Title                                      
                                  

 SPLIT DOLLAR POLICY ENDORSEMENT TO 
 FIRST CALIFORNIA BANK SPLIT DOLLAR AGREEMENT 
 ATTACHED TO POLICY NUMBER 56612040 
 ON THE LIFE OF EDMOND SAHAKIAN
(INSURED) 
 The undersigned Owner requests that the above-referenced policy issued by Beneficial Life Insurance Company
(“Insurer”) shall provide for the following beneficiary designation and limited contract ownership rights to the Insured: 
 1. Upon the death of the Insured, proceeds shall be paid in on sum to the Owner, its successors or assigns, to (he extent of its interest in the policy. It is hereby provided that the Insurer may rely solely upon a statement from the Owner
as to the amount of proceeds it is entitled to receive under this paragraph. 
 2. Any proceeds at the death of the Insured in
excess of the amount paid under the provisions of the preceding paragraph shall be paid in one sum to 
  
  
  
 PRIMARY BENEFICIARY, RELATIONSHIP/SOCIAL SECURITY NUMBER 
  
  
  
 CONTINGENT BENEFICIARY, RELATIONSHIP/SOCIAL SECURITY
NUMBER 
 The exclusive right to change the beneficiary for the proceeds payable under (his paragraph, to elect any optional
method of settlement for the proceeds paid under this paragraph which are available under the terms of the policy and to assign all rights and interests granted under this paragraph are hereby granted to the Insured. The sole signature of the
Insured shall be sufficient to exercise said rights. The Owner retains all contract rights not granted to the Insured under this paragraph. 
 3. It is agreed by the undersigned that this designation and limited assignment of rights shall be subject in all respects to the contractual terms of the policy. 
 4. Any payment directed by the Owner under this endorsement shall be a full discharge of the Insurer, and such discharge shall be binding on
all parties claiming any interest under the policy. 
 The undersigned for the Owner is signing in a representative capacity and warrants that
he or she has the authority to bind the entity on whose behalf this document is being executed. 
 This endorsement rescinds and supersedes
any/all prior endorsements for this policy. Signed at ______________________ on this ____ of _______, 200__. 
  

					
	 EXECUTIVE
  
                                        
                                         
      
 EDMOND SAHAKIAN
	 	 	  	 COMPANY:
 FIRST CALIFORNIA BANK

  
 By                                       
                                    
 TitleChange in Control Agreement

 EXHIBIT 10.47 
 CHANGE IN CONTROL AGREEMENT 
 This Change in Control
Agreement (“Agreement”) is made this 16th day of December, 2009, by and between Romolo C. Santarosa (“Executive”) and FIRST CALIFORNIA FINANCIAL GROUP, INC., a Delaware corporation (the “Company”), with regard to the
following: 
 RECITALS 
 WHEREAS, the Board of Directors of the Company has deemed it appropriate for Executive to be granted certain protections in the event of a merger or acquisition, where the Company is not the surviving
entity, or in the event of a hostile tender or unapproved change of control, or in the event of Executive’s termination without cause. 
 NOW, THEREFORE, for good and valuable consideration, receipt of which is hereby acknowledged, the Company undertakes to provide Executive with the severance benefits set forth herein upon the terms and
conditions stated below it is agreed as follows: 
 AGREEMENT 
 1.    Definitions. For purposes of this Agreement and except as otherwise defined herein, all capitalized terms shall have the
meanings set forth in Annex A. 
 2.    Change in Control Payment. If within 12 months following a
Change in Control, the Company terminates Executive’s employment without Cause or Executive terminates employment for Good Reason: 
 (A) the Company will pay Executive, as soon as permissible, two (2) times Executive’s average annual compensation (salary and bonus) over the prior three (3) years (or such shorter period as Executive has been employed);
provided, however, that this payment may be subject to the reduction set forth in Annex B; and 
 (B) if Executive
timely elects to continue Executive’s Company-provided group health insurance coverage pursuant to the federal COBRA law, the Company will reimburse Executive for the cost of Executive’s COBRA premiums, at the same level as Executive
maintained as of the date of termination, through the end of the COBRA period (18 months), or until such time as Executive qualifies for health insurance benefits through a new employer, whichever occurs first. The reimbursement shall be for 100% of
Executive’s COBRA premiums, as well as for Executive’s eligible dependents’ COBRA premiums, and the coverage to be provided on this basis shall be health and dental coverage. 
 3.    Delay on Payments. If the Company determines that Executive is a “specified employee” within the meaning of
Section 409A of the Internal Revenue Code of 1986, as amended and that, as a result of such status, any portion of the payment under this Agreement (either 2(A) or 2(B) or both) would be subject to additional taxation, the Company will delay
paying any portion of such payment until the earliest permissible date on which payments may commence without triggering such additional taxation (with such delay not to exceed six (6) months), with the first such payment to include the amounts
that would have been paid earlier but for the above delay. 
 4.    Golden Parachute Limitation. Anything in this
Agreement to the contrary notwithstanding, the Company shall not be obligated to make any payment hereunder that would be prohibited as a “golden parachute payment” or “indemnification payment” under Section 18(k) of the
Federal Deposit Insurance Act. 
 5.    TARP Waiver. Executive hereby agrees to execute the waiver attached hereto as
Annex C and deliver the originally executed Waiver to the Company, which Waiver shall be and/or become effective if Executive is, or becomes, a “senior executive officer” or one of the “most highly compensated employees” of the
Company. 
 6.    Payments on Executive’s Death. If Executive dies and any amounts are or become payable under
this Agreement, the Company will pay those amounts to Executive’s estate. 
 7.    Governing Law. This Agreement
shall be governed by and construed according to the

 
laws of the State of California and the parties hereto submit to the jurisdiction of the courts of competent jurisdiction of the County of Ventura, State of California. 
 IN WITNESS WHEREOF, this Agreement has been executed as of the date first hereinabove written. 
  

			
	FIRST CALIFORNIA FINANCIAL GROUP, INC.
		
	By:	 	 
		 	C. G. Kum
	Its:	 	President and Chief Executive Officer
	
	Romolo C. Santarosa
		
		 	  

  

 2 

 Annex A 
 For purposes of this Agreement, the following terms shall have the following meanings: 
 “Cause” means any of the following: 
 (A) Executive’s continued failure, either due to
willful action or as a result of gross neglect, to substantially perform Executive’s duties and responsibilities to the Group under this Agreement (other than any such failure resulting from your incapacity due to physical or mental illness)
that, if capable of being cured, has not been cured within thirty (30) days after written notice is delivered to Executive by the Company, which notice specifies in reasonable detail the manner in which the Company believes Executive has not
substantially performed Executive’s duties and responsibilities. 
 (B) Executive’s engagement in conduct which is
demonstrably and materially injurious to the Group, or that materially harms the reputation or financial position of the Group, unless the conduct in question was undertaken in good faith on an informed basis with due care and with a rational
business purpose and based upon the honest belief that such conduct was in the best interest of the Group. 
 (C)
Executive’s indictment or conviction of, or plea of guilty or nolo contendere to, a felony or any other crime involving dishonesty, fraud or moral turpitude. 
 (D) Executive being found liable in any Securities and Exchange Commission or other civil or criminal securities law action or entering any cease and desist order with respect to such action (regardless
of whether or not Executive admits or denies liability) where the conduct which is the subject of such action is demonstrably and materially injurious to the Group. 
 (E) Executive breaches of Executive’s fiduciary duties to the Group which may reasonably be expected to have a material adverse effect on the Group. 
 (F) Executive’s (i) obstructing or impeding, (ii) endeavoring to influence, obstruct or impede, or (iii) failing to
materially cooperate with, any investigation authorized by the Board or any governmental or self-regulatory entity (an “Investigation”). However, Executive’s failure to waive attorney-client privilege relating to
communications with Executive’s own attorney in connection with an Investigation shall not constitute “Cause.” 
 (G) Executive removing, concealing, destroying, purposely withholding, altering or by any other means falsifying any material which is requested in connection with an Investigation. 
 (H) Executive’s disqualification, bar, order or similar requirement by any governmental or self-regulatory authority from serving as an
officer or director of any member of the Group or Executive’s loss of any governmental or self-regulatory license that is reasonably necessary for Executive to perform Executive’s responsibilities to the Group under this Agreement, if
(i) the disqualification, bar or loss continues for more than 30 days and (ii) during that period the Group uses its good faith efforts to cause the disqualification or bar to be lifted or the license replaced. While any
disqualification, bar or loss continues during Executive’s employment, Executive will serve in the capacity contemplated by this Agreement to whatever extent legally permissible and, if Executive’s employment is not permissible, Executive
will be placed on leave (which will be paid to the extent legally permissible). 
 (I) Executive’s unauthorized use or
disclosure of confidential or proprietary information, or related materials, or the violation of any of the terms of the Company’s standard confidentiality policies and procedures, in the case of any item identified in this clause
(I) which may reasonably be expected to have a material adverse effect on the Group and that, if capable of being cured, has not been cured within 30 days after written notice is delivered to Executive by the Company, which notice specifies in
reasonable detail the alleged unauthorized use or disclosure or violation. 
 (J) Executive’s violation of the Group’s
(i) workplace violence policy or (ii) policies on discrimination, unlawful harassment or substance abuse. 
 For this
definition, no act or omission by Executive will be “willful” unless it is made by Executive in bad faith or without a reasonable belief that Executive’s act or omission was in the best interests of the Group. 
 “Change in Control” means any transaction or series of related transactions as a result of which: 
  

 3 

 (A) the Company consummates a reorganization, merger or consolidation, or sale or other
disposition of all or substantially all of its assets (each a “Business Combination”), in each case unless immediately following the consummation of such Business Combination all of the following conditions are satisfied:

 (i) Persons, who, immediately prior to such Business Combination, were the beneficial owners of the Outstanding Voting
Securities of the Company, beneficially own (within the meaning of Rule 13d-3 promulgated under the Exchange Act, directly or indirectly, more than 50% of the combined voting power of the then Outstanding Voting Securities of the entity (the
“Resulting Entity”) resulting from such Business Combination (including, without limitation, an entity which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either
directly or through one or more subsidiaries); 
 (ii) no Person, other than the Existing Shareholder Group, beneficially owns
(within the meaning of Rule l3d-3), directly or indirectly, more than: (i) 50% of the then outstanding combined voting power of the Outstanding Voting Securities of the Resulting Entity, except to the extent that such Person’s beneficial
ownership of the Company immediately prior to the Business Combination exceeded such threshold, and (ii) beneficially owns more the Existing Shareholder Group; 
 (iii) at least one-half of the members of the board of directors of the Resulting Entity were members of the Board at the time the Board authorized the Company to enter into the definitive agreement
providing for such Business Combination; 
 or 
 (B) any Person acquires beneficial ownership (within the meaning of Rule 13d-3) of more than 50% of the combined voting power (calculated as provided in Rule l3d-3 in the case of rights to acquire
securities) of the then Outstanding Voting Securities of the Company and has greater beneficial ownership than the Existing Shareholder Group; provided, however, that for purposes of this clause, the following acquisitions shall not constitute a
Change of Control: (x) any acquisition directly from the Company, (y) any acquisition by the Company, (z) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any entity controlled
by the Company; or (zz) any acquisition by the Existing Shareholder Group. 
 “Existing Shareholder
Group” means Richard D. Aldridge, John W. Birchfield, James O. Pohlad, Robert C. Pohlad, William M. Pohlad (the “Individual Shareholders”), members of the immediate family of the Individual Shareholders, and any
affiliated Person of Individual Shareholders or any member of their immediate family. 
 “Good Reason”
means the occurrence (without Executives written consent) of any of the following within the 12-month period following a Change in Control: 
 (A) The assignment of duties substantially inconsistent with Executive’s position, duties, and responsibilities (except in connection with a for Cause termination). 
 (B) A 5% or greater reduction in Executive’s Salary as in effect prior to the Change of Control. 
 (C) The Executive being required to be based anywhere other than within Los Angeles or Ventura County, California, exclusive of required
travel on business. 
 “Group” means the Company and its affiliates from time to time. 
 “Outstanding Voting Securities” of any Person means the outstanding securities of such Person entitling the holders
thereof to vote generally in the election of directors of such Person. 
 “Person” shall have the same
meaning ascribed to such term in Section 3(a)(9) of the Exchange Act, which definition shall include a “person” within the meaning of Section 13(d)(3) of the Exchange Act. 
  

 4 

 Annex B 
 Limitation on Payments Following a Change in Control 
 Notwithstanding
anything in the Agreement to the contrary, in the event it shall be determined that any payment, award, benefit or distribution (or any acceleration of any payment, award, benefit or distribution) by the Company (or any of its affiliated entities)
or any entity which effectuates a Change in Control (or any of its affiliated entities) to or for the benefit of Executive (whether pursuant to the terms of this Agreement or otherwise) (the “Payments”) would be subject to
the excise tax (the “Excise Tax”) under Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”), then the amounts payable to Executive under this Agreement shall be reduced to
the maximum amount as will result in no portion of the Payments being subject to such excise tax (the “Safe Harbor Cap”). For purposes of reducing the Payments to the Safe Harbor Cap, only amounts payable to Executive under
this Agreement (and no other Payments) shall be reduced, unless consented to by Executive. 
 All determinations required to be made under this
Annex B shall be made by the public accounting firm that is retained by the Company as of the date immediately prior to the Change in Control (the “Accounting Firm”) which shall provide detailed supporting calculations both
to the Company and Executive within fifteen (15) business days of the receipt of notice from the Company or the Executive that there will be a Payment, or such earlier time as is requested by the Company. Notwithstanding the foregoing, in the
event (i) the Board shall determine prior to the Change in Control that the Accounting Firm is precluded from performing such services under applicable auditor independence rules or (ii) the Audit Committee of the Board determines that it
does not want the Accounting Firm to perform such services because of auditor independence concerns or (iii) the Accounting Firm is serving as accountant or auditor for the individual, entity or group effecting the Change in Control, the Board
shall appoint another nationally recognized public accounting firm to make the determinations required hereunder (which accounting firm shall then be referred to as the Accounting Firm hereunder). If payments are reduced to the Safe Harbor Cap, the
Accounting Firm shall provide a reasonable opinion to Executive that he or she is not required to report any Excise Tax on his or her federal income tax return. All fees, costs and expenses (including, but not limited to, the costs of retaining
experts) of the Accounting Firm shall be borne by the Company. If the Accounting Firm determines that no Excise Tax is payable by Executive, it shall furnish Executive with a written opinion to such effect, and to the effect that failure to report
the Excise Tax, if any, on Executive’s applicable federal income tax return will not result in the imposition of a negligence or similar penalty. In the event the Accounting Firm determines that the Payments shall be reduced to the Safe Harbor
Cap, it shall furnish Executive with a written opinion to such effect. The determination by the Accounting Firm shall be binding upon the Company and Executive. 
  

 5 

 Annex C 
 TARP WAIVER 
 In consideration for the benefits I will receive as a
result of my employer’s participation in the United States Department of the Treasury’s TARP Capital Purchase Program, I hereby voluntarily waive any claim against the United States or any state or territory thereof or my employer or any
of its directors, officers, employees and agents for any changes to my compensation or benefits that are required in order to comply with Section 111(b) of the Emergency Economic Stabilization Act of 2008, as amended (“EESA”),
and rules, regulations, guidance or other requirements issued thereunder (collectively, the “EESA Restrictions”). 
 I
acknowledge that the EESA Restrictions may require modification of the employment, compensation, bonus, incentive, severance, retention and other benefit plans, arrangements, policies and agreements (including so-called “golden parachute”
agreements), whether or not in writing, that I have with my employer or in which I participate as they relate to the period the United States holds any equity or debt securities of my employer acquired through the TARP Capital Purchase Program and I
hereby consent to all such modifications. I further acknowledge and agree that if my employer notifies me in writing that I have received payments in violation of the EESA Restrictions, I shall repay the aggregate amount of such payments to my
employer no later than fifteen business days following my receipt of such notice. 
 This waiver includes all claims I may have under the laws
of the United States or any other jurisdiction related to the requirements imposed by the EESA Restrictions (including without limitation, any claim for any compensation or other payments or benefits I would otherwise receive absent the EESA
Restrictions, any challenge to the process by which the EESA Restrictions were adopted and any tort or constitutional claim about the effect of the foregoing on my employment relationship) and I hereby agree that I will not at any time initiate, or
cause or permit to be initiated on my behalf, any such claim against the United States, my employer or its directors, officers, employees or agents in or before any local, state, federal or other agency, court or body. 
 In witness whereof, I execute this waiver on my own behalf, thereby communicating my acceptance and acknowledgement to the provisions herein. 
  

	
	Respectfully,
	
	                                       
                                         
                       
	 Name: Romolo C. Santarosa
 Title: Executive Vice President and Chief Financial Officer
  
 Date:
                                         
                                         
         

  

 6

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