THIS EMPLOYMENT AGREEMENT ("Agreement") is entered into as of July 3,2003 by and between
HANMI FINANCIAL CORPORATION, a Delaware corporation and HANMI BANK, a California banking
corporation, located at 3660 Wilshire Blvd., PH-A, Los Angeles, CA 90010 (collectively referred to as the
"Company") on one hand and JAE WHAN YOO, an individual ("Employee") on the other hand.
WHEREAS, the Company desires to retain the services of Employee as President and Chief Executive Officer
and Employee desires to render services to the Company as President and Chief Executive Officer;
WHEREAS, the Company and Employee desire to set forth in this Agreement the terms and conditions of
Employee's employment with the Company;
NOW, THEREFORE, in consideration of the mutual promises and covenants herein contained, the parties agree
1. Term. Company agrees to employ Employee and Employee agrees to serve Company as President and Chief
Executive Officer, in accordance with the terms of this Agreement, for a term of three (3) years, commencing July
1, 2003 and ending June 30, 2006, unless this Agreement is earlier terminated in accordance with the provisions
of Paragraph 6, below.
2. Services and Exclusivitv of Services. So long as this Agreement shall continue in effect, Employee shall devote
his full business time, energy and ability exclusively to the business, affairs and interests of Company and its
subsidiaries and matters related thereto, shall use Employee's best efforts and abilities to promote the Company's
interests, and shall perform the services contemplated by this Agreement in accordance with policies established
by and under the direction of the Board of Directors of Company ("Board"). Employee agrees to faithfully and
diligently promote the business, affairs and interests of Company.
Without the prior express written authorization of the Board, Employee shall not, directly or indirectly, during the
term of this A