LIFE INSURANCE ENDORSEMENT METHOD
SPLIT DOLLAR AGREEMENT
This Amended Life Insurance Endorsement Method Split Dollar Agreement (the “ Agreement ”) is made
effective as of March 1, 2007, by and between Central Valley Community Bank (the “ Bank ”) and David
Kinross (the “ Insured ”), each a “ Party ” and together the “ Parties .” This Agreement supersedes and
amends in its entirety that certain Life Insurance Endorsement Method Split Dollar Plan Agreement by and
between the Bank and the Insured, effective July 1, 2006 (the “Prior Agreement”).
The rights and duties of the Bank and the Insured with respect to the above-referenced life insurance policy
(“Policy”) shall be as set forth below:
Refer to the Policy for the definition of all terms in this Agreement.
II. POLICY TITLE AND OWNERSHIP
Title and ownership to the Policy shall reside in the Bank for its use and for the use of the Insured in
accordance with this Agreement. The Bank alone may, to the extent of its interest, exercise the right to
borrow or withdraw on the Policy cash values. Where the Bank and the Insured (or assignee, with the
consent of the Insured) mutually agree to exercise the right to increase the coverage under the Policy,
then the rights, duties and benefits of the parties to such increased coverage shall continue to be subject
to the terms of this Agreement.
III. BENEFICIARY DESIGNATION RIGHTS
The Insured (or assignee) shall have the right and power to designate a beneficiary or beneficiaries to
receive the Insured’s share of the proceeds payable upon the death of the Insured, and to elect and
change a payment option for such beneficiary, subject to any right or interest the Bank may have in such
proceeds, as provided in this Agreement. Any Beneficiary Designation Form completed by the Insured
under the Prior Agreement shall remain in full force and e