Central Pacific Financial Corp New – Credit Agreements Watch

from 8-K 3 pages Position: Executive Vice President, Chief Credit Officer Central Pacific Bank and Central Pacific Financial Corp. (Collectively, the “Company”) Reports To: Executive Chairman of the Board Salary: $21,666.67 Per Month Less Applicable Withholdings (Equivalent to $260,000 Per Annum). Start Date: To Be Mutually Determined Upon Regulatory Approval. Sign-On Bonus: You Previously Received a Sign-On Bonus of $75,000 Upon Being Hired as Executive Vice President, Special Credits. Accordingly, You Will Not Be Receiving Any Additional Sign-On Bonus for This Position. Relocation Assistance: Repayment Provision

from 10-Q 17 pages This Advances, Security and Deposit Agreement (“Agreement”), Dated as of June 23, 2004 (Date of Agreement) Is Entered Between Central Pacific Bank (Full Corporate Name of Customer) Having Its Principal Place of Business at 220 South King Street Honolulu, Hi 96813 (Full Address of Customer's Executive Offices) (“Customer”) and the Federal Home Loan Bank of Seattle, 1501 Fourth Avenue, Suite 1900, Seattle, Wa 98101 (“Seattle Bank”). Recitals Agreement Now Therefore, Customer and Seattle Bank Agree as Follows: Article 1. Definitions Section 1.1 Definitions as Used in This Agreement, the Following Terms Will Have the Following Meanings