Document:

EX-10.5

 Exhibit 10.5 

CALIFORNIA BANK OF COMMERCE 

2014 EQUITY INCENTIVE PLAN 

Adopted by the Board of Directors on April 28, 2014 

Approved by the Shareholders on July 17, 2014 

1.           Purpose. The 2014 Equity Incentive Plan (the “Plan”) of California Bank
of Commerce, a California corporation (the “Company”), is intended to attract and retain the best available personnel for positions of substantial responsibility, encourage ownership of Stock by employees and directors of the
Company and its wholly owned Subsidiaries, and to provide additional incentive for them to promote the success of the Company’s business,. The Plan is intended to be an incentive stock option plan within the meaning of Section 422 of the
Code, but not all Awards are required to be Incentive Options.  
 2.           Definitions.
As used in the Plan, the following terms shall have the following meanings:  
 2.1      
Accelerate, Accelerated, and Acceleration means: 
 (a) when used with respect to an Option, that as of the time of
reference the Option will become exercisable with respect to some or all of the Stock for which it was not then otherwise exercisable by its terms; and     

(b) when used with respect to Restricted Stock, that the Risk of Forfeiture otherwise applicable to such Restricted Stock shall expire with
respect to some or all of the Restricted Stock then still otherwise subject to the Risk of Forfeiture. 

2.2       Acquisition means a merger or consolidation of the Company with or into another person or the
sale, transfer, or other disposition of all or substantially all of the Company’s assets to one or more other persons in a single transaction or series of related transactions. 

2.3       Affiliate means any corporation, partnership, limited liability company, business trust, or
other entity controlling, controlled by or under common control with the Company. 
 2.4       Award
means any grant or sale pursuant to the Plan of Options, Restricted Stock, or Stock Grants. 
 2.5
      Award Agreement means an agreement between the Company and a Participant, setting forth the terms and conditions of an Award. 

2.6       Board means the Board of Directors of the Company. 

2.7       Change of Control means and shall be deemed to have occurred if: 

(a) any one person, or more than one person acting in concert as a group, acquires ownership of stock of the Company that, together with
stock held by such person or group, 

  
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 constitutes more than 50% of the total fair market value or total voting power of the stock of the Company;

 (b) a majority of the members of the board of directors of the Company is replaced during any
18-month period by directors whose appointment or election is not endorsed by a majority of the members of the Company’s board of directors prior to the date of appointment or election; or 

(c) one person, or more than one person acting in concert as a group, acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or group), assets from the Company that have a total gross fair market value equal to or more than 40% of the total gross fair market
value of all assets of the Company immediately prior to such acquisition or acquisitions. For purposes of the preceding clause (c), there is no acquisition of assets if the assets are transferred to: 

(i) a shareholder of the Company in exchange for or with respect to its stock; 

(ii) an entity, 50% or more of the total value or voting power of which is owned, directly or indirectly, by the Company; 

(iii) a person, or more than one person acting in concert as a group, that owns, directly or indirectly, 50% or more of the total value or
voting power of all the outstanding stock of the Company; or 
 (iv) an entity, at least 50% of the total value or voting power of which is
owned, directly or indirectly, by a person described in the preceding clause (iii). 
 2.8       Code
means the Internal Revenue Code of 1986, as amended, or any successor statutes thereto, and any regulations issued from time to time thereunder. 

2.9       Committee means the Compensation Committee of the Board, which in general is responsible for
the administration of the Plan, as provided in Section 5. For any period during which no such committee is in existence, “Committee” means the Board, and all authority and responsibility assigned to the Committee under the Plan shall
be exercised, if at all, by the Board. In the discretion of the Board, the Committee may consist solely of two or more Outside Directors, in accordance with Section 162(m) of the Code, or solely of two or more
Non-Employee Directors, in accordance with Rule 16b-3 under the Exchange Act. In addition, the Board or the Committee, in its discretion, may delegate to a committee of
two or more directors, who may but need not be Outside Directors or Non-Employee Directors:     

(a) the authority to grant Awards to eligible persons who are either: 

(i) not then Covered Employees and are not expected to be Covered Employees at the time of recognition of income resulting from such Award,
or 

  
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 (ii) not persons with respect to whom the Company wishes to comply with Section 162(m)
of the Code, and/or 
 (b) the authority to grant Awards to eligible persons who are not then subject to Section 16 of the Exchange
Act. 
 2.10       Continuous Service means the absence of any interruption or termination of service
as an employee or director of the Company or any Subsidiary. Continuous Service shall not be considered interrupted during any period of (i) any leave of absence approved by the Company or (ii) transfers between locations of the Company or
between the Company and any Parent, Subsidiary or successor of the Company. Military or sick leave or other public (such as jury duty) or personal leave approved by an authorized representative of the Company shall not be deemed an interruption or
termination of Continuous Service, provided that it does not exceed the longer of 90 days or the period during which the absent Participant’s reemployment rights, if any, are guaranteed by statute or by contract. 

2.11       Covered Employee means an employee who is a “covered employee” within the meaning of
Section 162(m) of the Code. 
 2.12       Effective Date means July 17, 2014, the date the
Plan was approved by the Board. 
 2.13       Exchange Act means the Securities Exchange Act of 1934,
as amended. 
 2.14       Exercise Price means the price at which an Option may be exercised. 

2.15       Grant Date means the date as of which an Option is granted, as determined under
Section 7.1(a). 
 2.16       Incentive Option means an Option which by its terms is to be treated
as an “incentive stock option” within the meaning of Section 422 of the Code. 
 2.17      
Market Value means the value of a share of Stock on a particular date determined by such methods or procedures as may be established by the Committee. Unless otherwise determined by the Committee, the Market Value of a share of Stock as of
any date is the closing price as reported on the OTCQB or the Nasdaq Capital Market (or on any national securities exchange or other established market on which or through which the Stock is then traded) for that date or, if no closing price is
reported for that date, the closing price on the next preceding date for which a closing price was reported. 

2.18       Nonstatutory Option means any Option that is not an Incentive Option. 

2.19       Option means an Incentive Option or a Nonstatutory Option. 

2.20       Optionee means a Participant to whom an Option shall have been granted under the Plan or to
whom an Option has been transferred pursuant to Section 6.4. 

  
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 2.21       Parent means a parent corporation of the
Company, whether now or hereafter existing, as defined by Section 424(e) of the Code. 
 2.22      
Participant means any recipient or Permitted Transferee of an outstanding Award. 
 2.23      
Performance Criteria means the criteria that the Committee selects for purposes of establishing the Performance Goal or Performance Goals for a Participant for a Performance Period. The Performance Criteria used to establish Performance Goals
are limited to: pre- or after-tax net earnings, sales growth, operating earnings, operating cash flow, return on net assets, return on shareholders’ equity, return
on assets, return on capital, Stock price growth, shareholder returns, gross or net profit margin, earnings per share, price per share of Stock, and market share, any of which may be measured either in absolute terms or as compared to any
incremental increase or as compared to results of a peer group. The Committee will, in the manner and within the time prescribed by Section 162(m) of the Code in the case of Qualified Performance-Based Awards, objectively define the manner of
calculating the Performance Criteria it selects to use for such Performance Period for such Participant.  
 2.24
      Performance Goals means the written goals established by the Committee for a Participant during a Performance Period for such Participant based upon the Performance Criteria. Depending on the Performance
Criteria used to establish such Performance Goals, the Performance Goals may be expressed in terms of overall Company performance or the performance of a division, business unit, Subsidiary, or an individual. 

2.25       Performance Period means the time period during which the Performance Goals must be met as
determined by the Committee in accordance with Section 162(m) of the Code. 
 2.26       Permitted
Transferee means any of the persons or entities to which certain Awards may be transferred as provided in Section 6.4 of the Plan. 

2.27       Person means an individual, a corporation, a partnership, a limited liability company, an
association, a trust or other entity or organization, including a government or political subdivision or an agency or instrumentality thereof. 

2.28       Qualified Performance-Based Awards means Awards intended to qualify as “performance-based
compensation” under Section 162(m) of the Code as set forth in Section 7.4. 
 2.29
      Restricted Stock means Stock granted or sold to a Participant subject to a Risk of Forfeiture. 

2.30       Restriction Period means the period of time, established by the Committee in connection with
an Award of Restricted Stock, during which the Restricted Stock is subject to a Risk of Forfeiture described in the applicable Award Agreement. 

2.31       Risk of Forfeiture means a limitation on the right of the Participant to retain Restricted
Stock arising because of the occurrence or non-occurrence of specified events or conditions. 

  
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 2.32       Securities Act means the Securities Act of
1933, as amended. 
 2.33       SEC means the U.S. Securities and Exchange Commission. 

2.34       Stock means common stock, no par value, of the Company, and such other securities as may be
substituted for Stock pursuant to Section 8. 
 2.35       Stock Grant means the grant of Stock
not subject to restrictions or other forfeiture conditions. 
 2.36       Subsidiary means a subsidiary
corporation of the Company, whether now or hereafter existing, as defined in Section 424(f) of the Code. 
 2.37
      Ten Percent Owner means a person who owns, or is deemed within the meaning of Section 422(b)(6) of the Code to own, stock possessing more than 10% of the total combined voting power of all classes of
stock of the Company (or any Parent or Subsidiary of the Company). Whether a person is a Ten Percent Owner shall be determined with respect to an Option based on the facts existing immediately prior to the Grant Date of the Option. 

2.38       Vesting Commencement Date means, with respect to an Option, the date, determined by the
Committee, on which the vesting of the Option shall commence, which may be the Grant Date or a date prior to or after the Grant Date. 
 3.
          Term of the Plan. Unless the Plan shall have been earlier terminated by the Board, Awards may be granted from the time the Plan is approved by the shareholders of the Company until
immediately prior to the tenth anniversary of the Effective Date. Awards granted pursuant to the Plan within that period shall not expire solely by reason of the termination of the Plan. 

4.           Stock Subject to the Plan. Subject to Section 8, the maximum aggregate number of
shares of Stock which may be issued pursuant to or subject to Awards is 384, 986. The maximum aggregate number of shares of Stock which may be issued pursuant to or subject to Incentive Options granted under the Plan is 384,986. The shares of Stock
subject to the Plan may be authorized but unissued shares or reacquired shares, bought on the open market or otherwise. If any Option expires, terminates, or is cancelled for any reason without having been exercised in full, or if any other Award is
forfeited by the Participant, the shares of Stock to which the Award relates which are not acquired by the Optionee or which are forfeited by the Participant shall again be available for Awards to be granted under the Plan. In addition, exercise or
settlement of any Award shall not count against the foregoing limitations except to the extent settled in the form of Stock. If any shares subject to an Award are not delivered to a Participant because such shares are withheld for the payment of
taxes or the Award is exercised through a reduction of shares subject to the Award through the “net exercise” feature described herein, the number of shares that are not delivered to the Participant will remain available for issuance under
the Plan. If the Exercise Price of any Award is satisfied by tendering shares of Stock held by the Participant, then the number of shares so tendered will be available for issuance under the Plan. 

5.           Administration. The Plan shall be administered by the Committee; provided, however, that
at any time and on any one or more occasions the Board may itself exercise any of the 

  
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 powers and responsibilities assigned the Committee under the Plan and when so acting shall have the benefit
of all of the provisions of the Plan pertaining to the Committee’s exercise of its authorities hereunder. Subject to the provisions of the Plan, the Committee shall have complete authority, in its discretion, to make or to select the manner of
making all determinations with respect to each Award to be granted by the Company under the Plan, including the employee, or director to receive the Award and the form of Award. In making such determinations, the Committee may take into account the
nature of the services rendered by the respective employees, and directors, their present and potential contributions to the success of the Company and the Company’s wholly owned Subsidiaries, and such other factors as the Committee in its
discretion shall deem relevant. Subject to the provisions of the Plan, the Committee shall also have complete authority to interpret the Plan, to prescribe, amend and rescind rules and regulations relating to it, to determine the terms and
provisions of the respective Award Agreements (which need not be identical), and to make all other determinations necessary or advisable for the administration of the Plan. The Committee’s determinations made in good faith on matters referred
to in the Plan shall be final, binding and conclusive on all persons having or claiming any interest under the Plan or an Award made pursuant hereto.  

6.           Authorization of Grants. 

6.1       Eligibility. The Committee may grant from time to time and at any time prior to the termination
or expiration of the Plan one or more Awards, either alone or in combination with any other Awards, to any employee of the Company or any wholly owned Subsidiary or to any member of the Board or of any board of directors (or similar governing
authority) of any wholly owned Subsidiary of the Company. Only employees of the Company, and of any Parent or Subsidiary of the Company, shall be eligible for the grant of an Incentive Option. 

6.2       General Terms of Awards. Each grant of an Award shall be subject to all applicable terms and
conditions of the Plan (including but not limited to any specific terms and conditions applicable to that type of Award set out in the following Section), and such other terms and conditions, not inconsistent with the terms of the Plan, as the
Committee may prescribe. No prospective Participant shall have any rights with respect to an Award, unless and until such Participant has (a) (i) executed an Award Agreement with respect to such Award and delivered a fully executed copy of such
Award Agreement to the Company, or (ii) otherwise affirmatively assented to the terms and conditions of an Award Agreement with respect to such Award, including by “click through” agreement, pursuant to procedures and guidelines
approved by the Committee, and (b) otherwise complied with the applicable terms and conditions of such Award. 

6.3       Effect of Termination of Employment, Disability or Death. 

(a) Termination of Employment, Etc. Unless the Committee shall provide otherwise (consistent with applicable law and other relevant
restrictions) with respect to any Award, if the Participant’s Continuous Service ends for any reason other than by total disability or death, including because of the Participant’s employer ceasing to be an Subsidiary, (i) any
outstanding Option of the Participant shall cease to be exercisable in any respect 90 days following that event and, for the period it remains exercisable following that event, shall be exercisable only to the extent exercisable at the date of that
event, subject to the condition that no 

  
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 Option shall be exercised after its expiration in accordance with its terms, and (ii) any other
outstanding Award of the Participant shall be forfeited or otherwise subject to return to the Company on the terms specified in the applicable Award Agreement.     

(b)         Disability of Participant. Unless the Committee shall provide otherwise (consistent
with applicable law and other relevant restrictions) with respect to any Award, if a Participant’s Continuous Service ends due to disability (as defined in Section 22(e)(3) of the Code), and such Participant was in Continuous Service from
the Grant Date until the date of termination of service, (i) any outstanding Option of the Participant shall cease to be exercisable in any respect twelve months following the date of termination of Continuous Service and, for the period it
remains exercisable following that event, shall be exercisable only to the extent exercisable at the date of that event, subject to the condition that no Option shall be exercised after its expiration in accordance with its terms, and (ii) any
other outstanding Award of the Participant shall be forfeited or otherwise subject to return to the Company on the terms specified in the applicable Award Agreement. 

(c)         Death of Participant. Unless the Committee shall provide otherwise (consistent with
applicable law and other relevant restrictions) with respect to any Award, in the event of the death of a Participant who was in Continuous Service from the Grant Date until the date of death, (i) any outstanding Option of the Participant shall
cease to be exercisable in any respect twelve months following that event and, for the period it remains exercisable following the date of death, shall be exercisable by such Participant’s estate or by a person who acquired the right to
exercise such Award by bequest, inheritance or otherwise as a result of the Participant’s death, but only to the extent exercisable at the date of death, subject to the condition that no Option shall be exercised after its expiration in
accordance with its terms, and (ii) any other outstanding Award of such Participant shall be forfeited or otherwise subject to return to the Company on the terms specified in the applicable Award Agreement. 

(d)         Extension of Termination Date. An Award Agreement may provide that if the exercise
of the Award following the termination of the Participant’s Continuous Service would be prohibited at any time solely because the issuance of shares of Stock would violate the registration requirements under the Securities Act, then the Award
will terminate on the earlier of (i) the expiration of the term of the Award set forth in the Award Agreement or (ii) the expiration of a period of three consecutive months after the termination of the Participant’s Continuous Service
during which the exercise of the Award would not be in violation of such registration requirements, but only to the extent exercisable at the date of such termination, subject to the condition that no Option shall be exercised after its expiration
in accordance with its terms. Pursuant to the Code, any extension of the exercisability of an Incentive Option pursuant to this Section 6.3(d) will cause the Incentive Option to be treated as a Nonstatutory Option. 

6.4       Transferability of Awards. Except as otherwise provided in this Section 6.4, Awards shall
not be transferable, and no Award or interest therein may be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. All of a Participant’s rights in any Award
may be exercised during the life of the Participant only by the Participant or the Participant’s legal representative. The Committee may, at or after the grant of an Award of a Nonstatutory Option or Restricted Stock, 

  
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 provide that such Award may be transferred by the Participant through a gift or domestic relations order in
settlement of marital property rights to any of the following donees or transferees and may be reacquired by the Participant from any of such donors or transferees (each a “Permitted Transferee”): 

(a)         any “family member,” which includes any child, stepchild, grandchild,
parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law,
father-in-law, son-in-law, daughter-in-law, brother-in-law, or
sister-in-law, including adoptive relationships and any individual sharing the Participant’s household (other than a tenant or employee); 

(b)         a trust in which family members have more than 50% of the beneficial interest; 

(c)         a foundation in which family members (or the Participant) control the management of
assets; and 
 (d)         any other entity in which family members (or the Participant) own more
than 50% of the voting interests, 
 provided, that (x) any such transfer is without payment of any value whatsoever and that no transfer shall be
valid unless first approved by the Committee, acting in its sole discretion; (y) the Award Agreement pursuant to which such Awards are granted, and any amendments thereto, must be approved by the Committee and must expressly provide for
transferability in a manner consistent with this Section 6.4; and (z) subsequent transfers of transferred Awards shall be prohibited except in accordance with this Section 6.4. Following transfer, any such Awards and any securities
issued pursuant thereto shall continue to be subject to the same terms and conditions as were applicable immediately prior to transfer (including but not limited to Risks of Forfeiture), provided that the term of the Plan and the Award Agreement
shall continue to be applied with respect to the original Participant, and any Awards shall be exercisable by the transferee only to the extent and for the periods specified in the Award Agreement or Section 6.3, as applicable. 

6.5       Cancellation of Awards For Improper Acts of Participant. If, at any time during the course of a
Participant’s employment with the Company or any wholly owned Subsidiary, a Participant engages in any activity in competition with any business activity of the Company or any Subsidiary, or inimical, contrary or harmful to the interests of the
Company or any Subsidiary, including, but not limited to:     
 (a)
        conduct related to the Participant’s employment for which either criminal or civil penalties may be sought,     

(b) violation of the policies of the Company or any wholly owned Subsidiary, including, without limitation, personnel and insider trading
policies,     
 (c) being employed by or serving as a consultant, advisor or in any other capacity to an employer that
is in competition with or acting against the interests of the Company or any Subsidiary, 
  

  
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 (d) disclosing or misusing any confidential information or material concerning the Company
or any Subsidiary, or     
 (e) participating in a hostile takeover attempt, tender offer or proxy contest involving
the Company or any Subsidiary,     
 (f) actions or inactions that result in the Company becoming subject to adverse
regulatory action by the Company’s federal and/or state regulators, 
 then all Awards shall terminate and be forfeited effective the date on which the
Participant enters into such activity, unless terminated or forfeited sooner by operation of another term of condition of the Plan or an Award Agreement or by operation of law. 

7.           Specific Terms of Awards. 

7.1       Options. 

(a)       Grant Date. The Grant Date shall be the date on which an Option is granted by the Committee
acting pursuant to Section 6.1. 
 (b)       Exercise Price. Unless otherwise provided by law, the
per share price at which Stock may be acquired under each Incentive Option and each Nonstatutory Stock Option shall be not less than 100% of the Market Value of a share of Stock on the Grant Date, or in the case of an Incentive Option, not less than
110% of the Market Value of a share of Stock on the Grant Date if the Optionee is a Ten Percent Owner. 

(c)       Exercise Period. No Incentive Option may be exercised on or after the tenth anniversary of the
Grant Date, or on or after the fifth anniversary of the Grant Date if the Optionee is a Ten Percent Owner. No Nonstatutory Option may be exercised on or after the tenth anniversary of the Grant Date. 

(d)       Exercisability. Options granted to Optionees may become exercisable in such installments,
cumulative or non-cumulative, as the Committee may determine. In the case of an Option not otherwise immediately exercisable in full, the Committee may Accelerate such Option in whole or in part at any time
after the Option is granted (as long as it does not violate the provisions of Section 409A of the Code); provided, that in the case of an Incentive Option, any such Acceleration of the Option would not cause the Option to fail to comply with
the provisions of Section 422 of the Code or the Optionee consents to the Acceleration. 
 (e)      
Method of Exercise. An Option may be exercised by the Optionee giving written notice, in the manner provided in Section 16, specifying the number of shares of Stock with respect to which the Option is then being exercised. The notice
shall be accompanied by payment in the form of cash or check payable to the order of the Company in an amount equal to the Exercise Price of the Stock to be purchased plus any applicable tax withholding or, if the Committee had so authorized upon
the grant of an Incentive Option or on or after grant of a Nonstatutory Option (and subject to such conditions, if any, as the Committee may deem necessary to avoid adverse accounting or tax effects on the Company) by: 

  
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 (i)       delivery to the Company of Stock having a Market
Value equal to the Exercise Price of the shares of Stock with respect to which the Option is then being exercised, 
 (ii)
        a “net exercise” of the Option (as further described below), 

(iii)       delivery to the Company of a cash payment made pursuant to a “cashless” exercise program
(as further described below), 
 (iv)       any other form of legal consideration that may be acceptable to
the Committee. 
 Subject to compliance with applicable law and regulation, including but not limited to Section 402 of the
Sarbanes-Oxley Act of 2002, if the Stock is traded on an established market, payment of any Exercise Price may also be made through 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). Receipt by the Company of such notice and payment in any authorized or combination of authorized means shall constitute the exercise of the
Option. Within 30 days thereafter but subject to the remaining provisions of the Plan, the Company shall deliver or cause to be delivered to the Optionee or his agent a certificate or certificates for the number of shares of Stock then being
purchased. Stock issued and paid for pursuant to this section shall be fully paid and nonassessable. 
 In the case of a “net
exercise” of an Option, the Company will not require a payment of the Exercise Price of the Option from the Participant 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. With respect to any remaining balance of the aggregate Exercise Price, the Company will accept a cash payment from the Participant. 

The number of shares of Stock underlying an Option will decrease following the exercise of such Option 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 Participant as a result of such exercise and (iii) shares withheld for purposes of tax withholding. 

(f)       Limit on Incentive Option Characterization. An Option shall be considered to be an Incentive
Option only to the extent that the number of shares of Stock for which the Option first becomes exercisable in a calendar year do not have an aggregate Market Value (as of the date of the grant of the Option) in excess of the “current
limit.” The current limit for any Optionee for any calendar year shall be $100,000 minus the aggregate Market Value at the date of grant of the number of shares of Stock available for purchase for the first time in the same year under each
other incentive option previously granted to the Optionee under all other plans of the Company and Subsidiaries. Any Stock which would cause the foregoing limit to be violated shall be deemed to have been granted under a separate Nonstatutory
Option, 

  
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 otherwise identical in its terms to those of the Incentive Option. The current limit will be calculated
according to the chronological order in which the Options were granted. 
 (g)       Notification of
Disposition. Each person exercising any Incentive Option granted under the Plan shall be deemed to have covenanted with the Company to report to the Company any disposition of such shares prior to the expiration of the holding periods specified
by Section 422(a)(1) of the Code and, if and to the extent that the realization of income in such a disposition imposes upon the Company federal, state, local or other withholding tax requirements, or any such withholding is required to secure
for the Company an otherwise available tax deduction, promptly to remit to the Company an amount in cash sufficient to satisfy those requirements. 

7.2       Restricted Stock. 

(a)       Purchase Price. Shares of Restricted Stock shall be issued under the Plan for such
consideration, in cash, other property or services, or any combination thereof, as is determined by the Committee. 

(b)       Issuance of Certificates. Each Participant receiving a Restricted Stock Award, subject to
Section 7.2(c), shall be issued a stock certificate in respect of such Restricted Stock. Such certificate shall be registered in the name of such Participant, and, if applicable, shall bear an appropriate legend referring to the terms,
conditions, and restrictions applicable to such Award which includes language substantially in the following form: 
 THE TRANSFERABILITY
OF THIS CERTIFICATE AND THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE TERMS AND CONDITIONS OF THE 2014 EQUITY INCENTIVE PLAN OF THE ISSUER AND AN AWARD AGREEMENT ENTERED INTO BY THE REGISTERED OWNER AND THE ISSUER. COPIES OF SUCH
PLAN AND AGREEMENT ARE ON FILE IN THE OFFICES OF THE ISSUER. 
 (c)       Escrow of Shares. The
Committee may require that the stock certificates evidencing Restricted Stock be held in custody by a designated escrow agent or by the Company until the restrictions thereon shall have lapsed, and that the Participant deliver a stock power,
endorsed in blank, relating to the Stock covered by such Award. 
 (d)       Restrictions and Restriction
Period. During the Restriction Period applicable to Restricted Stock, such shares shall be subject to limitations on transferability and a Risk of Forfeiture arising on the basis of such conditions related to the performance of services, for the
Company or a wholly owned Subsidiary, or otherwise as the Committee may determine and provide for in the applicable Award Agreement. Any such Risk of Forfeiture may be waived or terminated, or the Restriction Period shortened, at any time by the
Committee on such basis as it deems appropriate. 
 (e)       Rights Pending Lapse of Risk of Forfeiture,
or Forfeiture of Award. Except as otherwise provided in the Plan or the applicable Award Agreement, at all times prior to lapse of any Risk of Forfeiture applicable to, or forfeiture of, an Award of Restricted Stock, the Participant shall have
all of the rights of a shareholder of the Company, including the right to 

  
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 vote, and the right to receive any dividends with respect to, the Restricted Stock. The Committee, as
determined at the time the Award is made, may permit or require the payment of cash dividends to be deferred and, if the Committee so determines, reinvested in additional shares of Restricted Stock to the extent shares are available under
Section 4 and otherwise to be subject to the terms of the Plan. 
 (f)       Lapse of
Restrictions. If and when the Restriction Period expires without a prior forfeiture of the Restricted Stock, the certificates for such shares shall be delivered to the Participant promptly if not theretofore so delivered. 

7.3       Stock Grants. Stock Grants shall be awarded solely in recognition of significant contributions
to the success of the Company or its wholly owned Subsidiaries, in such other limited circumstances as the Committee deems appropriate. Stock Grants may be made without forfeiture conditions of any kind. The Company shall not issue any Stock under
the Plan before they are fully paid. The Company shall not issue any Stock under the Plan solely in consideration of: 
 (a) Services
rendered in the organization of the Company; or 
 (b) Any note (whether or not negotiable and whether or not secured) made by the
Participant who purchases such Stock. 
 7.4       Qualified Performance-Based Awards. 

(a)        Purpose. The purpose of this Section 7.4 is to provide the Committee the ability to
qualify Awards as “performance-based compensation” under Section 162(m) of the Code. If the Committee, in its discretion, decides to grant an Award as a Qualified Performance-Based Award, the provisions of this Section 7.4 will
control over any contrary provision contained in the Plan. In the course of granting any Award, the Committee may specifically designate the Award as intended to qualify as a Qualified Performance-Based Award. However, no Award shall be considered
to have failed to qualify as a Qualified Performance-Based Award solely because the Award is not expressly designated as a Qualified Performance-Based Award, if the Award otherwise satisfies the provisions of this Section 7.4 and the
requirements of Section 162(m) of the Code and the regulations promulgated thereunder applicable to “performance-based compensation.” 

(b)       Authority. All grants of Awards intended to qualify as Qualified Performance-Based Awards and
determination of terms applicable thereto shall be made by the Committee or, if not all of the members thereof qualify as “Outside Directors” within the meaning of applicable IRS regulations under Section 162 of the Code, a
subcommittee of the Committee consisting of such of the members of the Committee as do so qualify. Any action by such a subcommittee shall be considered the action of the Committee for purposes of the Plan. 

(c)       Applicability. This Section 7.4 will apply only to those Covered Employees, or to those
persons who the Committee determines are reasonably likely to become Covered Employees in the period covered by an Award, selected by the Committee to receive Qualified Performance-Based Awards. The Committee may, in its discretion, grant Awards to
Covered Employees that do not satisfy the requirements of this Section 7.4. 

  
 Page 12 

 (d)       Discretion of Committee with Respect to
Qualified Performance-Based Awards. Options may be granted as Qualified Performance-Based Awards in accordance with Section 7.1, except that the Exercise Price of any Option intended to qualify as a Qualified Performance-Based Award shall
in no event be less that the Market Value of the Stock on the date of grant. With regard to other Awards intended to qualify as Qualified Performance-Based Awards, such as Restricted Stock, the Committee will have full discretion to select the
length of any applicable Restriction Period, the kind or level of the applicable Performance Goal, and whether the Performance Goal is to apply to the Company, a Subsidiary or any division or business unit or to the individual. Any Performance Goal
or Goals applicable to Qualified Performance-Based Awards shall be objective, shall be established not later than 90 days after the beginning of any applicable Performance Period (or at such other date as may be required or permitted for
“performance-based compensation” under Section 162(m) of the Code) and shall otherwise meet the requirements of Section 162(m) of the Code, including the requirement that the outcome of the Performance Goal or Goals be
substantially uncertain (as defined in the regulations under Section 162(m) of the Code) at the time established. 

(e)       Payment of Qualified Performance-Based Awards. A Participant will be eligible to receive
payment under a Qualified Performance-Based Award which is subject to achievement of a Performance Goal or Goals only if the applicable Performance Goal or Goals are achieved, as determined by the Committee, in its sole discretion. In determining
the actual size of an individual Qualified Performance-Based Award, the Committee may reduce or eliminate the amount of the Qualified Performance-Based Award earned, if in its sole and absolute discretion, such reduction or elimination is
appropriate.  
 (f)       Maximum Award Payable. The maximum Qualified
Performance-Based Award payment to any one Participant under the Plan is five percent of the number of shares of Stock set forth in Section 4. Any shares of Stock forfeited by a Participant or which lapse with respect to a Participant shall be
applied to offset such maximum. 
 (g)       Limitation on Adjustments for Certain Events. No
adjustment of any Qualified Performance-Based Award pursuant to Section 8 shall be made except on such basis, if any, as will not cause such Award to provide other than “performance-based compensation” within the meaning of
Section 162(m) of the Code. 
 7.5       Awards to Participants Outside the United States. The
Committee may modify the terms of any Award under the Plan, granted to a Participant who is, at the time of grant or during the term of the Award, resident or primarily employed outside of the United States in any manner deemed by the Committee to
be necessary or appropriate in order that the Award shall conform to laws, regulations, and customs of the country in which the Participant is then resident or primarily employed, or so that the value and other benefits of the Award to the
Participant, as affected by foreign tax laws and other restrictions applicable as a result of the Participant’s residence or employment abroad, shall be comparable to the value of such an Award to a Participant who is resident or primarily
employed in the United States. The Committee may establish supplements to, or amendments, restatements, or alternative versions of, the Plan for the purpose of granting and administrating any such modified Award. No such modification, supplement,
amendment, restatement or alternative version may increase the share limit of Section 4. 

  
 Page 13 

 7.6       Award as Deferred Compensation.
Notwithstanding any other provisions of the Plan, it is not intended that any grant of an Award shall result in the deferral of compensation within the meaning of Section 409A of the Code; provided, however, that to the extent the grant of an
Award would result in the deferral of compensation under Section 409A of the Code, such Award shall comply with the requirements of Section 409A of the Code. 

8.           Adjustment Provisions. 

8.1       Adjustment for Corporate Actions. All of the share numbers set forth in Section 4 reflect
the capital structure of the Company as of the Effective Date. Subject to Section 8.2, if subsequent to the Effective Date the outstanding number of shares of Stock (or any other securities covered by the Plan by reason of the prior application
of this Section) 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 such 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, an appropriate and proportionate adjustment will be made in (i) the maximum numbers and kinds of shares provided in Section 4, (ii) the numbers and kinds
of shares or other securities subject to the then outstanding Awards, and (iii) the Exercise Price for each share or other unit of any other securities subject to then outstanding Awards (without change in the aggregate purchase price as to
which such Awards remain exercisable). 
 8.2       Treatment in Certain Acquisitions. 

(a) Subject to any provisions of then outstanding Awards granting different rights to the holders thereof, in the event of an Acquisition
constituting a Change of Control in which some or all outstanding Awards are not Accelerated, any then outstanding Awards shall nevertheless Accelerate to the extent not assumed or replaced by comparable Awards referencing shares of the capital
stock of the successor or acquiring entity or the entity in control of such successor or acquiring entity, and at the effective time of such Acquisition (or after a reasonable period following such Acquisition, as determined by the Committee)
terminate. As to any one or more outstanding Awards which are not otherwise Accelerated in full by reason of such Acquisition, the Committee may also, either in advance of such Acquisition or at the effective time thereof and upon such terms as it
may deem appropriate, provide for the Acceleration of such outstanding Awards in the event that the employment of the Participants should subsequently terminate following such Acquisition. Each outstanding Award that is assumed in connection with
such Acquisition, or is otherwise to continue in effect subsequent to such Acquisition, will be appropriately adjusted, immediately after such Acquisition, as to the number and class of securities and other relevant terms in accordance with
Section 8.1. 
 (b) For the purposes of this Section 8.2, an Award shall be considered assumed or replaced by a comparable Award
if, following the Acquisition constituting a Change of Control, the replacement award confers the right to receive, for each share of Stock subject or relating to the Award immediately prior to such Acquisition: 

  
 Page 14 

 (i) the consideration (whether stock, cash or other securities or property) received in
such Acquisition by holders of Stock on the effective date of such Acquisition (and if holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding Stock); provided, however, that
if such consideration received in such Acquisition was not solely common stock of the successor corporation or its Parent or Subsidiary, the Committee may, with the consent of the successor corporation, provide for the consideration to be received
upon the exercise of the Award for each share of Stock subject to the Award to be solely common stock of the successor corporation or its Parent or Subsidiary equal in fair market value to the per share consideration received by holders of Stock in
such Acquisition; or     
 (ii) in the case of Awards which are payable otherwise than in Stock or other securities of
the Company or other property, the same consideration which the Participant would have been entitled to receive had no such Acquisition occurred. 

8.3       Dissolution or Liquidation. Upon dissolution or liquidation of the Company, other than as part
of an Acquisition or similar transaction, (a) each outstanding Option shall terminate, but the Optionee shall have the right, immediately prior to such dissolution or liquidation, to exercise the Option to the extent exercisable on the date of
dissolution or liquidation; (b) each share of Restricted Stock that is subject to a Risk of Forfeiture immediately prior to such dissolution or liquidation may, at the election of the Company, be forfeited by the Company prior to such
dissolution or liquidation pursuant to the terms of the applicable Award Agreement; and (c) subject to subparts (a) and (b) of this Section 8.3, each other outstanding Award shall be forfeited. 

8.4       Adjustment of Awards Upon the Occurrence of Certain Unusual or Nonrecurring Events. The
Committee shall make adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of unusual or nonrecurring events (including, without limitation, the events described in this Article 8 and any corporate action
not specifically covered by this Article 8, including but not limited to an extraordinary cash distribution on Stock, a corporate separation or other reorganization or liquidation) affecting the Company or the financial statements of the Company or
of changes in applicable laws, regulations, or accounting principles, whenever the Committee determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made
available under the Plan; provided that, unless the Committee determines otherwise at the time such adjustment is considered, no such adjustment shall be authorized to the extent that such authority would be inconsistent with the Plan’s or any
Award’s meeting the requirements of Section 162(m) of the Code or would cause an Incentive Stock Option to cease to meet the requirements of Section 422 of the Code. 

8.5       Related Matters. Any adjustment in Awards made pursuant to this Section 8 shall be
determined and made, if at all, by the Committee and shall include any correlative modification of terms, including of Option Exercise Prices, rates of vesting or exercisability, Risks of Forfeiture, and Performance Goals and other financial
objectives which the Committee may deem necessary or appropriate so as to ensure the rights of the Participants in their respective Awards are not substantially diminished nor enlarged as a result of the adjustment and corporate action other than as
expressly contemplated in this Section 8. 

  
 Page 15 

 8.6       Fractional Shares Prohibited. No fraction of
a share shall be purchasable or deliverable in payment of an Award, but in the event any adjustment hereunder of the number of shares covered by an Award shall cause such number to include a fraction of a share, such number of shares shall be
adjusted to the nearest smaller whole number of shares. 
 9.           Settlement of Awards 

9.1       Violation of Law. Notwithstanding any other provision of the Plan or the relevant Award
Agreement, if, at any time, in the reasonable opinion of the Company, the issuance of Stock covered by an Award may constitute a violation of applicable law, rule, regulation or any listing standard of any market on which or through which the
Company’s securities may be traded, then the Company may delay such issuance and the delivery of a certificate for such shares until compliance with such provisions has been obtained. 

9.2       Corporate Restrictions on Rights in Stock. Any securities to be issued pursuant to Awards shall
be subject to all restrictions upon the transfer thereof which may be now or hereafter imposed by the articles of incorporation and bylaws of the Company and applicable law. 

9.3       Investment Representations. The Company shall be under no obligation to issue any securities
covered by any Award unless they have been effectively registered under the Securities Act, or the Participant or his or her Permitted Transferee shall have made such written representations to the Company or otherwise (which the Company believes
may be reasonably relied upon) as the Company may deem necessary or appropriate for purposes of confirming that the issuance of such securities will be exempt from the registration requirements of the Securities Act and any applicable state
securities laws and otherwise in compliance with all applicable laws, rules and regulations, including but not limited to that the Participant or his or her Permitted Transferee is acquiring the securities for such person’s own account for the
purpose of investment and not with a view to, or for sale in connection with, the distribution of any such securities. The Company may require a Participant or his or her Permitted Transferee, as a condition of exercising or acquiring securities
under any Award or transferring any award as may be permitted by the Plan, (i) to give written assurances satisfactory to the Company as to the Participant’s or his or her Permitted Transferee’s knowledge and experience in financial
and business matters and/or to employ a purchaser representative reasonably satisfactory to the Company who is knowledgeable and experienced in financial and business matters, and that the Participant or his or her Permitted Transferee is capable of
evaluating, alone or together with the purchaser representative, the merits and risks of exercising the Award; and (ii) to give written assurances satisfactory to the Company stating that the Participant or his or her Permitted Transferee is
acquiring securities subject to the Award for the Participant’s or his or her Permitted Transferee’s own account and not with any present intention of selling or otherwise distributing the securities. 

9.4       Registration. 

(a) SEC Registration. If the Company shall deem it necessary or desirable to register under the Securities Act or other applicable
statutes any securities issued or to be issued pursuant to Awards, or to qualify any such securities for exemption from the Securities Act or 

  
 Page 16 

 other applicable statutes, then the Company shall take such action at its own expense. The Company may
require from each Participant, or each holder of securities acquired pursuant to the Plan, such information in writing for use in any registration statement, prospectus, preliminary prospectus or offering circular as is reasonably necessary for that
purpose and may require reasonable indemnity to the Company and its Affiliates and their respective officers, directors, agents, advisors and employees from that holder against all losses, claims, damage and liabilities arising from use of the
information so furnished and caused by any untrue statement of any material fact therein or caused by the omission to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the
circumstances under which they were made. 
 (b) Lock-Ups. In addition, the Company may
require of any person holding an Award or securities issued pursuant to an Award that such person agree that, without the prior written consent of the Company, such person will not sell, make any short sale of, lend, grant any option for the
purchase of, pledge or otherwise encumber, or otherwise dispose of, any securities which were or may be issued pursuant to an Award or any interest therein during the 180-day period commencing on the effective
date of the registration statement (or commencing on the closing date of any offering of the Company’s securities registered pursuant to a shelf registration statement, whichever is applicable) relating to an underwritten public offering.
Without limiting the generality of the foregoing provisions of this Section 9.4, if in connection with any underwritten public offering of securities of the Company the managing underwriter of such offering requests that the Company’s
directors and officers enter into a lock-up agreement containing provisions that are more restrictive than the provisions set forth in the preceding sentence, then (a) to the extent requested by the
Company, each holder of securities acquired pursuant to the Plan (regardless of whether such person has complied or complies with the provisions of clause (b) below) shall be bound by, and shall be deemed to have agreed to, the same lock-up terms as those to which the Company’s directors and officers are required to adhere; and (b) at the request of the Company, each such person shall execute and deliver a lock-up agreement in form
and substance equivalent to that which is required to be executed by the Company’s directors and officers. 

9.5       Placement of Legends; Stop Orders; etc. Each certificate for securities to be issued pursuant
to Awards may bear a reference to the investment representation made in accordance with Section 9.4 in addition to any other applicable restriction under the Plan, the terms of the Award and, if applicable, to the fact that no registration
statement has been filed with the SEC and no registration or qualification has been filed under any state securities or blue sky laws in respect to such securities. All certificates for Stock or other securities delivered under the Plan shall be
subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the rules, regulations, and other requirements of any stock exchange or market on which or through which the Company’s securities are then
traded, and any applicable federal or state securities law, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 

9.6       Tax Withholding. Whenever shares of Stock are issued or to be issued pursuant to Awards, the
Company shall have the right to require the Participant to remit to the Company an amount sufficient to satisfy federal, state, local or other withholding tax requirements if, when, and to the extent required by law (whether so required to secure
for the Company an otherwise 

  
 Page 17 

 available tax deduction or otherwise) prior to the delivery of any certificate or certificates for such
shares. The obligations of the Company under the Plan shall be conditional on satisfaction of all such withholding obligations and the Company shall, to the extent permitted by law, have the right to deduct any such taxes from any payment of any
kind otherwise due to the Participant. However, in such cases Participants may elect, subject to the approval of the Committee, to satisfy an applicable withholding requirement, in whole or in part, by having the Company withhold shares of Stock
from Stock otherwise due to the Participant in payment of an Award, or to submit shares of Stock previously owned by the Participant, to satisfy their tax obligations. Participants may only elect to have shares withheld having a Market Value on the
date the tax is to be determined equal to the minimum statutory total tax which could be imposed as a result of the transaction. All elections shall be irrevocable, made in writing, signed by the Participant, and shall be subject to any restrictions
or limitations that the Committee deems appropriate. 
 10.           Reservation of Stock. The
Company shall at all times during the term of the Plan and any outstanding Awards granted hereunder reserve or otherwise keep available such number of shares of Stock as will be sufficient to satisfy the requirements of the Plan (if then in effect)
and the Awards, and shall pay all fees and expenses necessarily incurred by the Company in connection therewith. 
 11.
          Use of Proceeds. Proceeds from the sale of the Company’s securities pursuant to Awards will constitute general funds of the Company. 

12.           Limitation of Rights in Stock; No Special Service Rights. Subject to
Section 7.2(e), a Participant shall not be deemed for any purpose to be a shareholder of the Company with respect to any of the Stock subject to an Award, unless and until a certificate shall have been issued therefor and delivered to the
Participant or his/her agent. Nothing contained in the Plan or in any Award Agreement shall confer upon any Participant any right to the continuation of such Participant’s employment or other association with the Company (or any Subsidiary), or
interfere in any way with the right of the Company (or any Subsidiary), subject to the terms of any separate employment or provision of law or articles of incorporation or bylaws to the contrary, at any time to terminate such employment or other
association or to increase or decrease, or otherwise adjust, the other terms and conditions of the Participant’s employment or other association with the Company and Subsidiaries.  

13.           Unfunded Status of the Plan. The Plan is not intended to constitute a plan subject to
the provisions of the Employee Retirement Income Security Act of 1974, as amended. With respect to any payments not yet made to a Participant by the Company, the Plan is intended to constitute an “unfunded” plan for incentive compensation,
and nothing contained in this Plan shall give any such Participant any rights that are greater than those of an unsecured general creditor of the Company. In its sole discretion, the Committee may authorize the creation of trusts or other
arrangements to meet the obligations created under the Plan to make payment of Awards, provided, however, that the existence of such trusts or other arrangements is consistent with the unfunded status of the Plan. 

14.           Exercise of Forfeiture at Direction of FDIC. Options granted pursuant to the Plan shall
be either immediately exercised or (at the discretion of the Optionee) forfeited in the event the Federal Deposit Insurance Corporation or any other state or federal regulatory agency with 

  
 Page 18 

 oversight of the Company directs the Company to require immediate exercise or forfeiture as a result of the
company’s capital failing to meet minimum regulatory capital requirements.  

15.           Nonexclusivity of the Plan. Neither the adoption of the Plan by the Board nor the
submission of the Plan to the shareholders of the Company shall be construed as creating any limitations on the power of the Company to adopt such other incentive arrangements as it may deem desirable, including without limitation, the granting of
stock options, restricted stock and other forms of compensation (incentive or otherwise) other than under the Plan upon such terms as the Company may determine from time to time.  

16.           Termination and Amendment of the Plan. 

16.1       The Board may at any time terminate the Plan or make such modifications of the Plan as it shall deem
advisable to the extent permitted by applicable law and the rules and regulations of any market on which or through which the Company’s securities may be traded. Unless the Board otherwise expressly provides, no amendment of the Plan shall
affect the terms of any Award outstanding on the date of such amendment unless such amendment is necessary to comply with Section 409A of the Code. In any case, no termination or amendment of the Plan may, without the consent of any
Participant, adversely affect the rights of the Participant under such Award. 
 16.2      
The Committee may amend the terms of any Award theretofore granted (as long as such amendment complies with the terms of Section 409A of the Code), prospectively or retroactively, provided that the Award as amended is consistent with the terms
of the Plan, but no such amendment shall impair the rights of the Participant without such Participant’s consent unless the impairment of such rights is necessary to comply with Section 409A of the Code. 

16.3       No amendment will be effective unless approved by the shareholders of the Company to
the extent shareholder approval is necessary to satisfy applicable law or the rules and regulations of any market on which or through which the Company’s securities may be traded. 

17.           Notices and Other Communications. Any notice, demand, request or other
communication hereunder to any party shall be deemed to be sufficient if contained in a written instrument delivered in person or duly sent by first class, registered, certified or overnight mail, postage prepaid, or telecopied with a confirmation
copy by first class, registered, certified or overnight mail, addressed or telecopied, as the case may be, (i) if to the Participant, at such Participant’s residence or business address last filed with the Company and (ii) if to the
Company, at its principal place of business, addressed to the attention of its Chief Financial Officer, or to such other address or telecopier number or electronic mail address, as the case may be, as the addressee may have designated by notice to
the addressor. All such notices, requests, demands and other communications shall be deemed to have been received: (i) in the case of personal delivery, on the date of such delivery; (ii) in the case of mailing, when received by the
addressee; (iii) in the case of facsimile transmission, when confirmed by facsimile machine report; and (iv) in the case of electronic mail, when directed to an electronic mail address at which the receiving party has consented to receive
notice, provided, that such consent is deemed revoked if the sender is unable to deliver by electronic transmission two consecutive notices and 

  
 Page 19 

 such inability becomes known to the secretary or assistant secretary of the Company or to
the transfer agent, or other person responsible for giving notice.  
 18.
          Governing Law. The Plan and all Award Agreements and actions taken thereunder shall be governed, interpreted and enforced in accordance with the laws of the State of California, without
regard to the conflict of laws principles thereof. 
 19.           Miscellaneous.
The terms of the Plan and of any Award, and all actions and interpretations of the Committee made pursuant to the Plan, shall be final, binding and conclusive on all persons having or claiming any interest under the Plan or an Award, including but
not limited to Participants and their spouses and domestic partners, and the respective Permitted Transferees, executors, administrators, heirs, personal representatives and successors of the foregoing. 

20.           Duration. The Plan shall commence on the Effective Date and
shall remain in effect, subject to the right of the Board to amend or terminate the Plan at any time pursuant to Section 15 hereof, until all Shares subject to the Plan shall have been issued, delivered, purchased or acquired according to the
Plan’s provisions. No Awards shall be issued pursuant to the Plan after the tenth (10th) anniversary of the Effective Date. 

21.           Plan Subject to Stockholder Approval. Although the Plan is
effective on the Effective Date, the Plan’s continued existence is subject to the Plan being approved by the Company’s stockholders within 12 months of the Effective Date. Any Awards granted under the Plan after the Effective Date but
before the approval of the Plan by the Company’s stockholders will become null and void if the Company’s stockholders do not approve this Plan within such 12-month period. 

22.          
Section 409A.    Notwithstanding any provision in this Plan or any Award to the contrary, this Plan and all Awards shall be interpreted and administered in accordance with Section 409A of the
Internal Revenue Code and regulations and other guidance issued thereunder. For purposes of determining whether any payment made pursuant to this Plan or an Award results in a “deferral of compensation” within the meaning of Treasury
Regulation §1.409A-1(b), the Company shall maximize the exemptions described in such section, as applicable. Any reference to a “termination of employment” or similar term or phrase shall be
interpreted as a “separation from service” within the meaning of Section 409A and the regulations issued thereunder. If any deferred compensation payment is payable due to a “specified employee” under Section 409A on
account of a separation from service for any reason other than death, then such payment shall be delayed for a period of six months and paid immediately following the expiration of such six month period. A Participant or beneficiary, as applicable,
shall be solely responsible and liable for the satisfaction of all taxes and penalties that may be imposed on the Participant or beneficiary in connection with any payments to such Participant or beneficiary pursuant to this Plan, including but not
limited to any taxes, interest and penalties under Section 409A, and neither the Company nor any of its Subsidiaries shall have any obligation to indemnify or otherwise hold a Participant or beneficiary harmless from any and all of such taxes
and penalties. 

  
 Page 20EX-10.6

 Exhibit 10.6 

CALIFORNIA BANCORP 

STOCK OPTION AGREEMENT 
 California
BanCorp, a California corporation, (the “Company” or “BanCorp”), hereby awards you an Option Right (the “Option” or “Award”). The terms and conditions of the Award are set forth in this cover sheet and the
attached Stock Option 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 the Company 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 subject to Option:	  	                    
		
	Per Share Exercise Price:	  	$                
		
	Type of Option:	  	[Nonqualified] [Incentive] Stock Option
		
	Expiration Date:	  	                                
	Vesting Calculation Date:	  	

 Vesting Schedule: [Subject to your continuous Service, the Shares subject to this Option shall vest and become
exercisable 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 subject to this Option shall vest and become exercisable 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 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 

STOCK OPTION 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 Option. Any prior agreements, commitments or negotiations are superseded. 

2.    Grant of Option. The Company has granted to you an Option covering the number of Shares
specified in the cover sheet, subject to the following terms and conditions. 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.    Exercisability. 

(a) This Option shall be exercisable with respect to the underlying Shares that have become vested pursuant to the vesting schedule on the
cover sheet to this Agreement during its term by delivering a notice of exercise (in the form attached as Exhibit A or other form designated by the Company) (the “Exercise Notice”) together with payment of the aggregate exercise
price to the Secretary of the Company, or to such other person as the Company may designate, during regular business hours, together with such additional documents as the Company may then require. 

(b) By exercising this Option you agree that, as a condition to any exercise of this Option, the Company may require you to enter into an
arrangement providing for the payment by you to the Company of any tax withholding obligation of the Company arising by reason of (1) the exercise of the Option, (2) the lapse of any substantial risk of forfeiture to which the Shares are
subject at the time of exercise, or (3) the disposition of Shares acquired upon such exercise. 
 (c) The Exercise Price shall be
payable (i) in cash, (ii) in Shares with a value (Fair Market Value per share times the number of shares) equal to the total Exercise Price (which shall include a “net exercise” in which deliverable upon exercise of the option
are withheld by the Company in satisfaction of all or some of the Exercise Price); (iii) by a combination of such methods of payment described in (i) and (ii) above or (iv) any other lawful means of payment permitted by the Committee. 

5.    Forfeiture of Unvested Option Shares. Upon the termination of your Service for any reason, the
unvested portion of this Option shall be forfeited without consideration and shall no longer be eligible to be exercised. 

6.    Option Expiration. In no event is any portion of this Option (vested or unvested) exercisable
after the earlier of the Expiration Date or the date on which this Option is cancelled (and not substituted or assumed) pursuant to a Change in Control or merger or acquisition or reorganization or similar transaction involving the Company.
Additionally, if your Service terminates for any reason, then the then-vested portion of this Option will expire and no longer be exercisable on the close of business at Company headquarters on the date that is three (3) months after cessation
of your Service, provided that if your Service terminates due to your death or Disability, then the then-vested portion of this Option will expire and no longer be exercisable on the close of business at Company headquarters on the date that is
twelve (12) months after cessation of your Service. 

  
 -2- 

 7.    Incentive Stock Option. The provisions of
this Section apply if this Option is an Incentive Stock Option under Code Section 422. If you cease to be an employee of the Company or a Subsidiary but continue to provide Service, this Option will be treated as a Nonqualified Stock Option on
the day after the date that is three (3) months after you cease to be an employee of the Company (and any Subsidiary or any Parent): (i) even if you continue to provide Service after your employment has terminated or (ii) if your
termination of employment was for any reason other than due to your death or Disability. In addition, to the extent that all or part of this Option exceeds the $100,000 limitation rule of section 422(d) of the Code, this Option or the lesser excess
part will be treated as a Nonstatutory Stock Option You agree that you will notify the Company in writing within fifteen (15) days after the date of any disposition of any of the shares of the Common Stock issued upon exercise of the Option
that occurs within two (2) years after the Date of Award or within one (1) year after such shares of Common Stock are transferred upon exercise of the Option (and such notice will provide all details regarding the disposition of Shares).

 8.    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. 

9.    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 and expiration of the Award), and when your Service
terminates for all purposes under the Plan. . For income tax purposes, if the period of leave exceeds three (3) months and your right to reemployment is not provided either by statute or by contract, then this Option will be treated as a
Nonqualified Stock Option if the exercise of this Option occurs after the expiration of six (6) months from the commencement of such leave of absence. 

10.    Voting and Other Rights. Participant shall have no rights of a shareholder with respect to the
Option including, without limitation, no right to vote the Option (or underlying Shares). 

11.    Restrictions on Issuance. The Company will not issue any Shares if the issuance of such Shares
at that time would violate any law or regulation. 
 12.    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 exercise of this Option and 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 exercise of the Option 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. 

  
 -3- 

 13.    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. 

14.    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. 

15.     Extraordinary Compensation. The Stock Option and the Shares subject to the Stock
Option 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. 
 16.    Adjustments. In the event of a stock split, a
stock dividend or a similar change in the Company stock, the number of outstanding Shares covered by this Award may be adjusted (and rounded down to the nearest whole number) pursuant to the Plan. Your Option 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 

17.    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.” 
 “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.” 
 18.    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. 

19.    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. 

  
 -4- 

 20.    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. 

21.    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 Option, 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. 
 22.    Voluntary
Participant. You acknowledge that you are voluntarily participating in the Plan. 

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

24.    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. 
 25.    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. 

26.    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. 

  
 -5- 

 27.    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 

28.    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. 
 29.    General Terms. 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. 

  
 -6- 

 EXHIBIT A 

STOCK OPTION EXERCISE NOTICE 
 California
Bancorp 
 Attention: Stock Administration 
 Ladies and
Gentlemen: 
 1. Option. I was granted [an incentive][a nonqualified] stock option (the “Option”) to
purchase shares of the common stock (the “Shares”) of California BanCorp (the “Company”) pursuant to the Company’s 2017 Equity Incentive Plan (the
“Plan””) and a Stock Option Agreement (the “Option Agreement”) as follows: 
  

					
	 Date of Award:
	  	 	                    	 
		
	 Number of Option Shares:
	  	 	                    	 
		
	 Exercise Price per Share:
	  	$	                     	 

 2. Exercise of Option. I hereby elect to exercise the Option to purchase the following number of
Shares, all of which are vested Shares in accordance with the Option Agreement: 
  

					
	 Total Shares Purchased:
	  	 	                    	 
		
	 Total Exercise Price (Total Shares X Exercise Price per Share)
	  	$	                     	 

 3. Payments. I enclose payment in full of the total exercise price for the Shares in the following
form(s), as authorized by my Option Agreement: 
  

					
	Cash:	  	$	                                   
      	 
		
	Check:	  	$	                                   
      	 
		
	Tender of Company Stock:	  	 
	Contact Plan
Administrator	 
 
		
	Net Exercise:	  	 
	Contact Plan
Administrator	 
 

 4. Tax Withholding. I authorize payroll withholding and otherwise will make adequate provision
for the federal, state, local and foreign tax withholding obligations of the Company, if any, in connection with the Option. I enclose payment in full of my withholding taxes, if any, as follows: 

(Contact Plan Administrator for amount of tax due.) 
  

					
	Cash:	  	$	                                   
      	 
		
	Check:	  	$	                                   
      	 

  
 A-1 

			
		
	Tender of Company Stock:	  	Contact Plan
Administrator
		
	Net Exercise:	  	Contact Plan
Administrator

 5. Binding Effect. I agree that the Shares are being acquired in accordance with and
subject to the terms, provisions and conditions of the Option Agreement and the Plan, to all of which I hereby expressly assent. This Agreement shall inure to the benefit of and be binding upon my heirs, executors, administrators, successors and
assigns. 
  

	
	Very truly yours,
	
	   

	(Signature)

  
 A-2

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