Document:

Form of Silver State Bancorp Non-Qualified Stock Option Agreement

 Exhibit 4.9 
 SILVER STATE BANCORP 
 NON-QUALIFIED STOCK OPTION AGREEMENT 
 Silver
State Bancorp (“Silver State”), a Nevada corporation, has granted to                      (the “Optionee”), an option (the
“Option”) to purchase the total number of shares of Silver State common stock, par value $0.001 per share, set forth in the attached Notice of Grant effective
                     (the “Notice of Grant”), at the price specified in the Notice of Grant, subject in all respects to the terms,
definitions, and provisions of the 2006 Omnibus Equity Plan (the “Plan”) adopted by Silver State, which is incorporated herein by reference. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined
meanings herein. 
 1. Nature of the Option. This Option does not qualify as an incentive stock option under the Internal Revenue Code
of 1986. 
 2. Exercise Price. The exercise price for each share of common stock is set forth in the Notice of Grant and is not less
than the fair market value per share of the common stock on the date of grant. 
 3. Exercise of Option. This Option shall be
exercisable during its term in accordance with the exercise schedule set out in the Notice of Grant and in accordance with the terms of the Plan as follows: 
 (a) Right to Exercise. 
 (1) this Option may not be exercised for a fraction of a share. 

(2) in the case of the Optionee’s death or other termination of employment, the exercisability of the Option is governed by sections 7 and 8
below, subject to the limitations contained in subsection 3(a)(3). 
 (3) this Option may not be exercised after expiration of its term, as
provided by section 10 below. 
 (b) Method of Exercise. This Option shall be exercisable by executing the Stock Option Notice of
Exercise in the form attached hereto as Exhibit A (the “Exercise Notice”) which shall state the Optionee’s election to exercise the Option, the number of shares in respect of which the Option is being exercised, and such other
representations and agreements concerning the holder’s investment intent as may be required by Silver State under the provisions of the Plan. The written notice shall be signed by the Optionee and shall be delivered by certified mail to the
Plan Committee or the Plan Committee’s designee. The Exercise Notice shall be accompanied by payment of the exercise price. This Option shall be deemed to be exercised upon receipt by Silver State of such Exercise Notice accompanied by payment
of the exercise price in full. 
 No Shares will be issued for the exercise of an Option unless the issuance and exercise comply with all
relevant provisions of law and the requirements of any stock exchange upon which Silver State common stock may then be listed. Assuming such compliance, for income tax purposes shares shall be considered transferred to the Optionee on the date the
Option is exercised. 
 4. Optionee’s Representations. If this Option and the shares acquirable by exercise of this Option have
not been registered under the Securities Act of 1933 at the time this Option is exercised, the Optionee shall, if required by Silver State, concurrently with the exercise of all or any portion of this Option deliver to Silver State an investment
representation statement in the customary form, a copy of which is available for Optionee’s review from Silver State upon request. Optionee acknowledges and agrees that a certificate or certificates representing shares acquired by exercise of
an Option may bear a restrictive legend or legends noting the restrictions on transfer arising under applicable securities laws and the Plan. 
 5. Method of Payment. Payment of the exercise price shall be by any of the following, or a combination thereof, at the election of the committee, in its sole discretion: 
  

	 	(a)	cash or a cash equivalent; 

	 	(b)	by delivery of other unrestricted shares of Silver State common stock owned for at least six months before the exercise date at a value equal to the fair market value of a share of
Silver State common stock on the exercise date; or 

  

	 	(c)	a combination of cash and shares of Silver State common stock. 

 6. Restrictions on Exercise. This Option may not be exercised before the Plan is approved by Silver State stockholders, or if the issuance of 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 or other law or regulation, including any rule under Part 207 of Title 12 of the Code of Federal Regulations (“Regulation G”) as promulgated by the Federal Reserve Board.
As a condition to the exercise of this Option, Silver State may require the Optionee to make any representation and warranty to Silver State as Silver State in its sole discretion considers necessary or appropriate under applicable law. 

7. Termination of Status as an Employee for Cause or Other Termination of Employment. If the Optionee is terminated for cause or if in Silver
State’s judgment a basis for termination for cause exists, all rights under any unexercised options shall expire immediately, and the unexercised options shall be immediately forfeited regardless of whether the options are exercisable and
regardless of whether Optionee’s employment with Silver State or a related entity actually terminates. “Termination for cause” includes one or more of the following acts: 
 (a) an act of fraud, intentional misrepresentation, embezzlement, misappropriation, or conversion by the Optionee of the assets or business opportunities
of Silver State; 
 (b) conviction of the Optionee of or plea by the Optionee of guilty or no contest to a felony or a misdemeanor;

 (c) violation by the Optionee of the written policies or procedures of Silver State with which the Optionee is employed, including but not
limited to violation of Silver State’s code of conduct or code of ethics; 
 (d) disclosure to unauthorized persons of any confidential
information not in the public domain relating to Silver State’s business, including all processes, inventions, trade secrets, computer programs, technical data, drawings or designs, information concerning pricing and pricing policies, marketing
techniques, plans and forecasts, new product information, information concerning methods and manner of operations, and information relating to the identity and location of all past, present, and prospective customers and suppliers; 
 (e) intentional breach of any contract with or violation of any legal obligation owed to Silver State; 
 (f) dishonesty relating to the duties owed by the Optionee to Silver State; 
 (g) the Optionee’s willful and continued refusal to substantially perform assigned duties, other than refusal resulting from sickness or illness or while suffering from an incapacity due to physical or mental
illness, including a condition that does or may constitute a disability; 
 (h) the Optionee’s willful engagement in gross misconduct
materially and demonstrably injurious to Silver State; 
 (i) the Optionee’s breach of any term of the Plan or this Agreement;

 (j) intentional cooperation with a party attempting a change in control of Silver State, unless the Board approves or ratifies the
Optionee’s action before the change in control or unless the Optionee’s cooperation is required by law; or 
  

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 (k) any action that constitutes cause as defined in any written agreement between the Optionee and Silver
State. 
 If the Optionee is terminated for any other reason, all options that are exercisable when termination occurs shall be forfeited if
not exercised before the earlier of (i) the expiration date specified in this Agreement or (ii) 90 days after the termination date. 
 Nothing in Section 7 shall be construed to permit exercise of an option after the option’s expiration date. 
 8. Death
of Optionee. The Optionee may name a beneficiary or beneficiaries to receive or to exercise any vested options that are unpaid or unexercised at the Optionee’s death. Beneficiaries may be named contingently or successively. A beneficiary
designation must be made on a form prescribed by the Plan Committee and shall not be effective until filed in writing with the Plan Committee. 
 9. Non-Transferability of Option. This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of the Optionee by the Optionee only. The
terms of this Option shall be binding upon the executors, administrators, heirs, successors, and assigns of the Optionee. 
 10. Term of
Option. This Option may be exercised on or before the Expiration Date stated in the Notice of Grant and may be exercised during such term solely in accordance with the Plan and the terms of this Non-Qualified Stock Option Agreement. 

 

			
	 SILVER STATE BANCORP,
 a Nevada corporation

		
	By:	 	
	Its:	 	

 The Optionee acknowledges receipt of a copy of the Plan and certain related information and
represents that the Optionee is familiar with the terms and provisions of those documents. The Optionee hereby accepts this Option subject to all of those terms and provisions. The Optionee hereby agrees to accept as binding, conclusive, and final
all decisions or interpretations of the committee upon any questions arising under the Plan. The Optionee further agrees to notify Silver State of any change in the residence address indicated below. 
 Dated: 
  

	
	OPTIONEE

  

			
		
		  	
		
		  	
		
		  	
		
		  	
		
		  	
		
		  	
		
		  	
		
		  	
		
		  	
		
		  	

  

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 Exhibit A 
 NOTICE OF EXERCISE 
  

			
	To:	  	Silver State Bancorp
		
	Attn:	  	Plan Committee
		
	Subject:	  	Notice of Intention to Exercise Stock Option

 This is official notice that the undersigned (the “Optionee”) intends to exercise vested
options to purchase shares of Silver State Bancorp common stock under Silver State Bancorp’s 2006 Omnibus Equity Plan as follows: 
  

											
	 Option
 grant date
	 	 Type of option
 ISO/NQSO
	 	 Number of shares
 being purchased
	 	 Option price
 (per share)
	 	 Tax due *
 (if applicable)
	 	 Total amount due

		 		 		 		 		 	
		 		 		 		 		 	
		 		 		 		 		 	

	*	Silver State Bancorp is required to withhold taxes when employees exercise an NQSO. 

 I am paying the cost to exercise as specified below by method a, b, or c (circle one below) 
 (a)
Cash Payment. Enclosed is my check #              in the amount of $                 .

 (b) Surrender of Silver State Bancorp Shares. Shares acquired from Silver State Bancorp must have been held for at least six
months. 
 (c) A Combination of Cash and Silver State Bancorp Shares. As described below: 
  

					
	 	  		  	

 I certify that the stock purchased through the exercise of these options will not be sold in a
manner that would violate Silver State Bancorp’s policy on insider trading. 
 Signed by the Optionee this
     day of                         , 20    . 
 Optionee’s Signature
                                        

 Print Name
                                        

 Home Address
                                        

 City, State, Zip Code
                                        

 Daytime Phone
                                        

 Social Security NumberForm of Silver State Bancorp Restricted Stock Award Agreement

 Exhibit 4.10 
 SILVER STATE BANCORP 
 2006 OMNIBUS
EQUITY PLAN 
 RESTRICTED STOCK AWARD
AGREEMENT 
 Silver State Bancorp, a Nevada corporation, hereby grants Restricted Stock in accordance with Article 7 of
Silver State Bancorp’s 2006 Omnibus Equity Plan to
                                        
(the “Participant”), subject to the terms and conditions of this Restricted Stock Award Agreement. Terms that are defined in the 2006 Omnibus Equity Plan are used in this Restricted Stock Award Agreement as they are defined
in the 2006 Omnibus Equity Plan. 
 1. Number of Shares of Restricted Stock Subject to the Award. The number of shares of Silver State
Bancorp common stock awarded under this Restricted Stock Award Agreement is                      shares, which for purposes of this Restricted
Stock Award Agreement shall be deemed also to include any shares issuable after the effective date of this Restricted Stock Award Agreement as a stock dividend or stock split or issuable because of another form of change in the capital structure of
Silver State Bancorp and relating to the shares of common stock awarded under this Restricted Stock Award Agreement. 
 2. Effective Date
of the Award. The date of this Award and the effective date of this Restricted Stock Award Agreement is. 
 3. The Award is
Conditional and Subject to Forfeiture. The only condition to unrestricted ownership of the shares awarded by this Restricted Stock Award Agreement that must be satisfied by the Participant is that the Participant must maintain continuous
employment with Silver State Bancorp or a Related Entity for four years after the effective date. Until the fourth anniversary of the effective date the Restricted Stock awarded by this Restricted Stock Award Agreement shall be held by Silver State
Bancorp as escrow agent and shall be considered unvested. If the Participant maintains continuous employment with Silver State Bancorp or a Related Entity until the fourth anniversary of the effective date of this Restricted Stock Award Agreement,
on the fourth anniversary the Award shall become fully vested and non-forfeitable and the Participant thereafter shall possess all right, title, and interest in and to the shares. If the Participant does not maintain continuous employment with
Silver State Bancorp or a Related Entity until the fourth anniversary of the effective date of this Restricted Stock Award Agreement, whether because of voluntary or involuntary termination, termination because of disability, or death, the Award
shall be forfeited in its entirety by the Participant effective as of the date the Participant’s employment terminates, unless in its sole discretion the Plan Committee elects to accelerate the Participant’s vesting in and right to all or
a portion of the Award when the Participant’s employment terminates. However, if a Change in Control occurs before the fourth anniversary of the effective date of this Restricted Stock Award Agreement and if the Participant maintains continuous
employment with Silver State Bancorp or a Related Entity through the date of the Change in Control, on the date of the Change in Control the Award shall become fully vested and non-forfeitable and the Participant thereafter shall possess all right,
title, and interest in and to the shares. 
 4. The Shares of Restricted Stock Subject to the Award Are Not Transferable as Long as the
Award Is Subject to Forfeiture. Until the shares of Restricted Stock subject to the Award become vested and non-forfeitable in accordance with section 3 the Participant shall not be permitted to sell, transfer, pledge, assign, or otherwise
alienate or hypothecate any of the shares or any interest in the shares. Until that time, Silver State Bancorp shall be entitled to disregard any attempt by the Participant to sell, transfer, pledge, assign, or otherwise alienate or hypothecate any
of the shares or any interest in the shares, and any such sale, transfer, pledge, assignment, or other alienation or hypothecation shall be void and of no force or effect. 
 5. Rights as a Stockholder. Except as may be otherwise provided in this Restricted Stock Award Agreement, as the record holder of the shares of
Restricted Stock subject to the Award the Participant shall have all of the associated rights of stockholder under Nevada law and Silver State Bancorp’s Articles of Incorporation and Bylaws, including the right to exercise voting power and the
right to cash dividends if, as, and when declared by Silver State Bancorp’s board of directors. 
 6. The 2006 Omnibus Equity Plan
Governs. The Award and this Restricted Stock Award Agreement are subject to the terms and conditions of the 2006 Omnibus Equity Plan, as well as any rules of the Plan Committee under the 2006 Omnibus Equity Plan. The Participant acknowledges
having received a copy of the 2006 Omnibus Equity Plan. The Participant represents that he or she is familiar with the terms and provisions of the 2006 Omnibus Equity Plan. The Participant accepts this Award subject to all the terms and provisions
of the 2006 Omnibus Equity Plan. The Participant agrees to accept as binding, conclusive, and final all decisions or interpretations of Silver State Bancorp’s board of directors or Plan Committee having to do with the 2006 Omnibus Equity Plan
or this Restricted Stock Award Agreement. 
 7. Certificates. Provided book entry registration is allowed by Silver State
Bancorp’s Articles of Incorporation and Bylaws, instead of issuing certificates representing shares of common stock awarded by this Restricted Stock Award Agreement Silver State Bancorp may record the Participant’s ownership of the shares
using a book entry system. If certificates are issued, they shall bear the following legend – 

 The shares of Silver State Bancorp common stock represented by this certificate have not been
registered under the Securities Act of 1933 or any state or other securities laws. Neither the shares nor any interest or participation herein may be offered, sold, or otherwise transferred except (x) according to an
exemption from or in a transaction not subject to the registration requirements of the Securities Act of 1933 and applicable state securities laws or (y) according to an effective registration statement under the Securities
Act of 1933 
 8. Community Property. Each of the Participant and the Participant’s spouse is individually bound by the terms
of this Restricted Stock Award Agreement, and the interest (if any) of the Participant’s spouse in the Award is subject to the terms of this Restricted Stock Award Agreement. Nothing in this Restricted Stock Award Agreement shall create a
community property interest if no community property interest otherwise exists. 
 9. Entire Agreement. This Restricted Stock Award
Agreement and the 2006 Omnibus Equity Plan supersede any and all other prior understandings and agreements, either oral or in writing, between the parties concerning the subject matter and constitute the sole agreement between the parties relating
to the subject matter. All prior negotiations and agreements between the parties concerning the subject matter of this Restricted Stock Award Agreement are merged in this Restricted Stock Award Agreement. Each party to this Restricted Stock Award
Agreement acknowledges that no representations, inducements, promises, or agreements concerning the Restricted Stock have been made by any party or by anyone acting on behalf of any party that are not contained in this Restricted Stock Award
Agreement or in the 2006 Omnibus Equity Plan, and each acknowledges that any agreement, statement, or promise concerning the Restricted Stock that is not contained in this Restricted Stock Award Agreement or the 2006 Omnibus Equity Plan is not
valid, is not binding, and is of no force or effect. 
 10. Modification. No change or modification of this Restricted Stock Award
Agreement shall be valid or binding upon the parties unless the change or modification is in writing and is signed by the parties. However, Silver State Bancorp may change or modify this Restricted Stock Award Agreement without the
Participant’s consent or signature if in its sole discretion Silver State Bancorp determines that the change or modification is necessary for purposes of compliance with or exemption from the requirements of the Internal Revenue Code of 1986,
including but not limited to section 409A of the Internal Revenue Code of 1986, or any regulations or other Department of Treasury guidance of general application issued under the Internal Revenue Code of 1986. Silver State Bancorp may amend the
2006 Omnibus Equity Plan to the extent permitted by the 2006 Omnibus Equity Plan. 
 11. Headings. The headings in this Restricted
Stock Award Agreement are solely for convenience of reference and shall not affect the interpretation of this Restricted Stock Award Agreement. 
 12. Notice. All notices, requests, and other communications hereunder shall be in writing and shall be deemed to have been duly given if delivered by hand or mailed, certified or registered mail, return receipt requested, with
postage prepaid, to the following addresses or to such other address as either party may designate by like notice. If to Silver State Bancorp, notice shall be given to Silver State Bancorp, 400 North Green Valley Parkway, Henderson, Nevada 89074,
Attention: Chief Financial Officer, or to such other address as Silver State Bancorp shall have designated to the Participant in writing. If to the Participant, notice shall be given to the Participant at the Participant’s address appearing on
the signature page of this Restricted Stock Award Agreement, or to such other address as the Participant shall have designated to Silver State Bancorp. 
 13. Taxes. The Participant is hereby advised to consult immediately with his or her own tax advisor about the tax consequences of this Restricted Stock Award Agreement, the method and timing for filing an
election to include this Award in income under section 83(b) of the Internal Revenue Code of 1986, and the tax consequences of that election. By executing this Restricted Stock Award Agreement, the Participant agrees that if the Participant makes an
election to include the Award in income under section 83(b) of the Internal Revenue Code of 1986, the Participant shall provide Silver State Bancorp with written notice of the election in accordance with the regulations under section 83(b) of the
Internal Revenue Code of 1986. 
 14. No Registration Rights. The Participant acknowledges and agrees that Silver State Bancorp and
its Related Entities are under no obligation to register the Participant’s offer and sale of the shares awarded under this Restricted Stock Award Agreement under the Securities Act of 1933 or the securities laws of any state. 
  

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 IN WITNESS WHEREOF, Silver State Bancorp has caused
this Restricted Stock Award Agreement to be executed by its duly authorized officer as of the date specified in section 1, and the Participant has duly executed this Restricted Stock Award Agreement as of the date specified in section 1 and consents
to and approves all of its terms. 
  

							
	PARTICIPANT	  	SILVER STATE BANCORP
			
	  
	  	By:	 	  

	print name:	  		 	print name:
				
	Address:	 	  
	  	Its:	 	  

		 	street	  		 	
				
		 	  
	  		 	
		 	city, state, zip code	  		 	

 (Silver State Bancorp Restricted Stock Award Agreement February 5, 2007.wpd 
 February 5, 2007 (6:26pm)) 
  

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