This agreement is entered into as of _____________________, 2002, by and between Nara Bank, N.A.
("Bank") and Nara Bancorp, Inc., ("Affiliate"), with respect to the following facts.
A. The Bank and Affiliate are affiliated entities.
B. From time to time, Bank may request goods and/or services from Affiliate or may seek the services of certain
of its employees. Bank may also provide goods, services or employees to Affiliate.
C. It is the intention of the parties that this agreement be interpreted and implemented in a manner which complies
with applicable federal law, including Sections 23A and 23B of the Federal Reserve Act.
D. The parties may incorporate the terms of this agreement from time to time in connection with other agreements
and transactions they conduct with each other.
Bank and Affiliate agree as follows:
1. SHARED EMPLOYEES. From time to time, one party (the "Primary Employer") may lend one or more of its
employees to the other party for specific projects or for unspecified services. These "Shared Employees" will
remain employees on the books of the Primary Employer at all times and will work for the other party only for the
number of hours (or percentage of their normal working time) as the parties may agree. Any significant change in
the agreed upon workload of a Shared Employee must be approved in writing by the Primary Employer.
Neither party makes any representation or warranty to the other party regarding Shared Employees. Each party
acknowledges that it has done or will do an independent review of the background and qualifications of each
Shared Employee for the work it wishes the Shared Employee to perform. The Primary Employer assumes no
responsibility for any loss incurred by the other party as a result of the actions or omissions of Shared Employees
while in the service of the other party.
Either party may terminate this agreement with respect to one or more Shared Employees, with or without cause,
by giving the other party