BYL BANCORP
EX-10.26
<DOCUMENT>
<TYPE>EX-10.26
<SEQUENCE>10
<FILENAME>j1191_ex10d26.htm
<DESCRIPTION>EX-10.26
<TEXT>
<html>

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<title>Prepared by MerrillDirect</title>

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<body>

<div>

<p align=right><b><font size=2>Exhibit 10.26</font></b></p>

<p align=center><u><font size=2>CONSULTING
AGREEMENT</font></u></p>

<p><font size=2>&nbsp;</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; I.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PARTIES</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The parties to this
Consulting Agreement (the &quot;Agreement&quot;) are BYL BANCORP, a California
Corporation (&#147;BYL&#148;), BYL BANK GROUP, a California banking corporation and
wholly-owned subsidiary of BYL (the &quot;Bank&quot;), and ROBERT UCCIFERRI, an
individual (&quot;Consultant&quot;).</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; II.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RECITALS</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consultant is
possessed of experience and talents in the management field which will be
useful to BYL and the Bank in the conduct of its financial institution
enterprise (the &quot;Business&quot;).</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; III. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HIRING</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upon the terms and
conditions set forth herein and upon the Consultant&#146;s resignation of employment
from BYL and the Bank, and the termination of his employment agreement with the
Bank dated November 28, 1995, the Bank hereby hires Consultant as an
independent contractor of the Bank, not as an employee, and Consultant agrees
to provide services to Bank as described herein.</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IV.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DUTIES
OF CONSULTANT</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consultant agrees to
provide business development, customer retention, customer development, and
management consulting services as requested by the President and Chief
Executive Officer of BYL and/or the Bank.&nbsp;
Consultant agrees to devote such time as is reasonably required for the
performance of these services, including but not limited to attendance at Board
meetings and such committee meetings as requested by the Board of Directors or
the President and Chief Executive Officer, and work with the officers of BYL
and the Bank to develop and implement customer retention and business
development strategies as requested by the President and Chief Executive
Officer.&nbsp; Consultant agrees that, to the
best of his ability and experience, he will at all times loyally and
conscientiously perform all of the duties and obligations either expressly or
implicitly required of him by the terms of this Agreement.</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; V.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TERM
AND COMMENCEMENT DATE</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subject
to &quot;IX. TERMINATION&quot; below, the term of this Agreement shall commence
on _________, _____ (&quot;Commencement Date&quot;) and will terminate on
December 31, 2003 (the &quot;Term&quot;), subject to renewal upon such terms
and conditions as shall be agreed upon by BYL, the Bank and Consultant.<page></font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VI.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DEATH</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If
Consultant shall die during the Term, Bank shall continue to make such monthly
payments to Consultant&#146;s surviving spouse for the remaining Term as provided in
Paragraph V above.&nbsp; If Executive is not
survived by any spouse, said payments shall be made to the duly qualified
personal representative, executor or administrator of his estate.</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VII.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; COMPENSATION</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank agrees to pay Consultant and
Consultant agrees to accept as payment for his services to be performed in
accordance with this Agreement a consulting fee in the amount of $5,391.67 per
month, or $64,700 per year (&quot;Base Annual Compensation&quot;) commencing on
the Commencement Date payable semi-monthly.&nbsp;
In addition, during the term of this Agreement, Bank agrees to continue
payment for coverage of Consultant and his spouse under current (or
substantially similar) medical, dental and life insurance policies under which
Consultant was previously covered as an employee benefit during this employment
as President and Chief Executive Officer of BYL Bank Group, if Consultant is
eligible under the terms of any such plans.&nbsp;
Bank agrees to pay Consultant and Consultant agrees to accept the consulting
fee under this consulting arrangement with the Bank as payment for his services
to be performed in accordance with this Agreement.</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Bank will expense on a discounted
cash flow basis any and all payments needed to fully fund Consultant&#146;s Salary
Continuation Agreement, which the parties acknowledge is in full force and
effect, estimated to be a pre-tax payment of approximately $100,000.&nbsp; Over the next three years, the Bank agrees
to book the remaining accruals to reach the $434,862 retirement liability,
estimated to be $97,577.&nbsp; The Bank shall
take no action to jeopardize Consultant&#146;s Salary Continuation Agreement.&nbsp; The Bank and Consultant agree to make any
necessary amendments to Consultant&#146;s Salary Continuation Agreement to
accommodate the changes contemplated in this Agreement, and after December 31,
2003, Consultant shall begin to receive payments for ten years as provided in
Consultant&#146;s Salary Continuation Agreement, as amended.</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VIII.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TIME</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consultant shall be
required to devote such time as is necessary to the performance of his duties
as Consultant of Bank.&nbsp; Consultant may,
without the prior written consent of Bank, render services directly or
indirectly, of a business or commercial nature, to any other person or
organization, provided such other person or organization does not compete,
directly or indirectly with the business of the Bank.<page></font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IX.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TERMINATION</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Automatic
Termination</u>.&nbsp; This Agreement
automatically terminates if Bank is closed by or taken over by the California
Commissioner of Financial Institutions, the Federal Deposit Insurance
Corporation or any other supervisory authority; but in no event shall
Consultant's obligations under this Agreement terminate as a result of a sale
of assets, acquisition, merger or other like transaction involving Bank,
whether or not Bank is the surviving or resulting bank following such a
transaction.</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Bank or the
Consultant may terminate this Consulting Agreement at any time.&nbsp; If Bank terminates this Consulting
Agreement, Bank shall immediately pay to Consultant the amount due under this
Consulting Agreement through the remainder of the Term.&nbsp; If Consultant terminates this Consulting
Agreement, then Consultant shall not receive any further payments under this
Consulting Agreement.&nbsp; The termination
of this Consulting Agreement will not affect the Bank&#146;s obligations under
Consultant&#146;s Salary Continuation Agreement.</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; X.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OWNERSHIP
OF CUSTOMER RECORDS</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All records of the
accounts of customers, and any other records and books relating in any manner
whatsoever to the customers of the Bank, whether prepared by Consultant or
otherwise coming into his possession, shall be the exclusive property of Bank
regardless of who actually purchased the original book or record.&nbsp; All such books and records shall be
immediately returned to the Bank by Consultant upon the termination of this
Agreement.</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; XI.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CONFIDENTIAL
INFORMATION</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Without the prior
written permission of the Bank in each case, Consultant shall not publish,
disclose or make available to any other person, firm or corporation, either
during or after the termination of this Agreement, any confidential information
which Consultant may obtain during the Term, or which Consultant may create
prior to the end of the Term relating to the business of the Bank, or to the
business of any customer or supplier of any of them; provided, however,
Consultant may use such information during the Term for the benefit of the
Bank.&nbsp; Prior to or at the termination of
this Agreement, Consultant shall return all documents, files, notes, writings
and other tangible evidence of such confidential information to the Bank.</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; XII.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MISCELLANEOUS</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Assignment and Modification</u>.&nbsp; This Agreement and the rights and duties
hereunder may not be assigned by any party hereto without the prior written
consent of the other and the parties expressly agree that any attempt to assign
the rights of any party hereunder without such consent will be null and void,
provided, however, that a merger or consolidation into or with another
corporation, or reorganization, or sale of substantially all of its and/or
their assets to another corporation, firm or person shall not be deemed an
assignment for purposes of this paragraph.<page></font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Further Assurance</u>.&nbsp; From time to time each party will execute
and deliver such further instruments and will take such other action as any
other party reasonably may request in order to discharge and perform their
obligations and agreements hereunder.</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Form of Documents</u>.&nbsp; All instruments, certificates, and other
documents to be executed and delivered under this Agreement by any party to the
other party shall be in a form satisfactory to the other party.</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Successors</u>.&nbsp; This Agreement shall be binding upon, and
shall inure to the benefit of, the successors and assigns of the parties.</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Entire Agreement</u>.&nbsp; Except as provided herein, this Agreement is
the entire agreement between the parties, and hereby supercedes any and all
prior written or oral negotiations, representations, understandings or
agreements between the parties.</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; F.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Governing Law</u>.&nbsp; This Agreement shall be construed in
accordance with California law.</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; G.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Executed Counterparts</u>.&nbsp; This Agreement may be executed in one or
more counterparts, all of which together shall constitute a single agreement
and each of which shall be an original for all purposes.</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; H.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Section Headings</u>.&nbsp; The various section headings are inserted
for convenience of reference only, and shall not affect the meaning or
interpretation of this Agreement or any section thereof.</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; I.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Calendar Days; Close of Business</u>.&nbsp; Unless the context otherwise requires, all
periods terminating on a given day, period of days, or date shall terminate on
the close of business on that day or date and references to &quot;days&quot;
shall refer to calendar days.</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; J.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Severability</u>.&nbsp; In the event that any of the provisions, or
portions thereof, of this Agreement are held to be unenforceable or invalid by
any court of competent jurisdiction, the validity and enforceability of the
remaining provisions or portions thereof, shall not be affected thereby.</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; K.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Attorneys' Fees</u>.&nbsp; In the event that any party shall bring an
action in connection with the performance, breach, or interpretation hereof,
then the prevailing party in such action as determined by the court having
jurisdiction, shall be entitled to recover from the losing party in such
action, as determined by the courts having jurisdiction, all reasonable
attorney&#146;s fees, court costs, costs of investigation and other costs reasonably
related to such litigation, in such amounts as may be determined in the
discretion of the court having jurisdiction.<page></font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; XIV.&nbsp;&nbsp;&nbsp;&nbsp; EXECUTION</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This Agreement is
executed at ___________, California, to be effective as of the Commencement
Date.</font></p>

<p><font size=2>&nbsp;</font></p>

<table border=0 cellspacing=0 cellpadding=0 width="87%">
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top><font size=2>BYL:</font></td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="42%" colspan=2 valign=top><font size=2>BYL BANCORP.</font></td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top>&nbsp;</td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top>&nbsp;</td>
  <td width="39%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top>&nbsp;</td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top>&nbsp;</td>
  <td width="39%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top>&nbsp;</td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top><font size=2>By:</font></td>
  <td width="39%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top>&nbsp;</td>
  <td width="39%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top>&nbsp;</td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top>&nbsp;</td>
  <td width="39%" valign=top><font size=2>H. Rhoads Martin,</font></td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top>&nbsp;</td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top>&nbsp;</td>
  <td width="39%" valign=top><font size=2>Chairman of the Board</font></td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top>&nbsp;</td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top>&nbsp;</td>
  <td width="39%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top>&nbsp;</td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top><font size=2>By: </font></td>
  <td width="39%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top>&nbsp;</td>
  <td width="39%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top>&nbsp;</td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top>&nbsp;</td>
  <td width="39%" valign=top><font size=2>John Myers,</font></td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top>&nbsp;</td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top>&nbsp;</td>
  <td width="39%" valign=top><font size=2>Secretary</font></td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top>&nbsp;</td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top>&nbsp;</td>
  <td width="39%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top>&nbsp;</td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top>&nbsp;</td>
  <td width="39%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top><font size=2>BANK:</font></td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="42%" colspan=2 valign=top><font size=2>BYL BANK GROUP</font></td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top>&nbsp;</td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top>&nbsp;</td>
  <td width="39%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top>&nbsp;</td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top>&nbsp;</td>
  <td width="39%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top>&nbsp;</td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top><font size=2>By: </font></td>
  <td width="39%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top>&nbsp;</td>
  <td width="39%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top>&nbsp;</td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top>&nbsp;</td>
  <td width="39%" valign=top><font size=2>H. Rhoads Martin,</font></td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top>&nbsp;</td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top>&nbsp;</td>
  <td width="39%" valign=top><font size=2>Chairman of the Board</font></td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top>&nbsp;</td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top>&nbsp;</td>
  <td width="39%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top>&nbsp;</td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top><font size=2>By: </font></td>
  <td width="39%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top>&nbsp;</td>
  <td width="39%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top>&nbsp;</td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top>&nbsp;</td>
  <td width="39%" valign=top><font size=2>John Myers,</font></td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top>&nbsp;</td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top>&nbsp;</td>
  <td width="39%" valign=top><font size=2>Secretary</font></td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td  align=center width="39%" valign=top>&nbsp;</td>
  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top>&nbsp;</td>
  <td width="39%" valign=top>&nbsp;</td>
 </tr>
 <tr>
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  <td  align=right width="39%" valign=top><font size=2>CONSULTANT:</font></td>
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  <td width="42%" colspan=2 valign=top><font size=2>ROBERT UCCIFERRI</font></td>
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  <td width="9%" valign=top>&nbsp;</td>
  <td width="3%" valign=top>&nbsp;</td>
  <td width="39%" valign=top>
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