Hope Bancorp Inc. – Credit Agreements Watch

from 10-Q 1 page March 30, 2009 Mark Lee 1544 Ridgeway Drive Glendale, Ca 91202 Dear Mr. Lee, It Is a Pleasure to Extend an Offer of Employment to You for the Position of Executive Vice President, Chief Credit Officer. You Will Report Directly to the President and Chief Executive Officer. Your First Day of Employment Will Be May 1, 2009. the Following Will Confirm the Terms of Your Employment With NARA Bank. 1. Salary. Your Annualized Gross Salary Will Be $200,000 ($7,692.31 Bi-Weekly Gross). 2. Restricted Units. You Will Be Granted 10,000 Performance Units Vesting Over Five Years at 20% a Year on Each Anniversary Day. the Grant Will Be Subject to Bancorp Board Approval. 3. Annual Performance Incentive Plan Bonus. You Will Be Included in the Annual Performance Incentive Plan on a Prorated Bonus in 2009, Which Is Subject to Restrictions Under Tarp. 4. Change of Control. You Will Be Eligible for One Year’s Base Salary and Accrued Bonus, if Any, Upon a Change of Control Subject to the Recent Tarp Legislation. 5. Car Allowance. You Will Be Paid a Car Allowance of $1,150 Per Month ($530.77 Per Pay Period). 6. Benefits. You Are Eligible to Participate in Any Life Insurance, Benefits, as Well as Vacation, Sick Leave, Medical, Dental, Vision, 401(k), and Esop, and Any Other Employee Benefits Plans Normally Provided to Other Executives of the Bank