THIS EMPLOYMENT AGREEMENT (the “ Agreement ”) is made and entered into as of this 1st day
of June, 2007 (the “ Effective Date ”), by and between 1st Century Bank, National Association, Los Angeles,
California (the “ Bank ”), on one hand, and Dan Kawamoto (the “ Executive ”), on the other hand.
WHEREAS, the parties hereto wish to enter into an employment agreement to employ Executive as
Executive Vice President and Chief Financial Officer of the Bank and to set forth certain additional agreements
between Executive and the Bank.
NOW, THEREFORE, in consideration of the mutual covenants and representations contained herein, the
parties hereto agree as follows:
1. Term . The Bank will employ Executive, and Executive will serve the Bank, under the terms of
this Agreement for an initial term of three (3) years (the “ Initial Term ”), commencing on the Effective Date. The
Initial Term of this Agreement shall automatically be extended for an additional one (1) year period unless, not
later than sixty (60) days prior to the expiration of the Initial Term, either party hereto shall have given notice to
the other that the Initial Term shall not be so extended. Notwithstanding the foregoing, Executive’s employment
hereunder may be earlier terminated, as provided in Section 4 hereof. The term of this Agreement, as in effect
from time to time in accordance with the foregoing, shall be referred to herein as the “ Term ”. The period of time
between the Effective Date and the termination of Executive’s employment hereunder shall be referred to herein
as the “ Employment Period .”
2. Position; Authority and Duties .
(a) Positions and Reporting . Executive shall serve as Executive Vice President and Chief
Financial Officer of the Bank. During the Employment Period, Executive shall report directly to the President or
the Chief Executive Officer of the Bank, as directed by the Board of Directors of the B