exhibit 10. 5 execution version license agreement license agreement ( this “ agreement ” ), dated as of august 9, 2016 ( the “ effective date ” ), by and among first hawaiian, inc., a delaware corporation ( “ fhi ” ), first hawaiian bank, a hawaii state - chartered bank ( “ fhb ” ), bancwest holding inc., a delaware corporation ( “ bwhi ” ), bancwest corporation ( formerly known as bwc holding inc. ), a delaware corporation ( “ bwcorp ” ) and bank of the west, a california state - chartered bank ( “ bow ”, and together with fhi, fhb, bwhi and bwcorp, the “ parties, ” and each a “ party ” ). recitals whereas, on april 1, 2016, bnp paribas, a corporation organized and domiciled in france ( “ bnpp ” ), effected a series of reorganization transactions ( the “ reorganization ” ) in contemplation of the proposed initial public offering of a portion of the shares of common stock, par value $ 0. 01 per share, of fhi ( formerly known as bancwest corporation ( “ bwc ” ) ), a wholly - owned subsidiary of bnpp, pursuant to a master reorganization agreement by and among fhi, bwhi, bwcorp and bnpp, dated as of april 1, 2016 ; whereas, prior to the reorganization, fhb and bow were bank subsidiaries of bwc and, as part of the reorganization, were separated under independent bank holding companies with fhb remaining a direct subsidiary of fhi and bow becoming a direct subsidiary of bwhi, a newly formed corporation which, as a result of the reorganization, became a direct subsidiary of bnpp ; whereas, the parties have collectively developed, and will continue to develop up to and including the non - ccar date, modeling data sets, models, data governance standards, processes, coding ( including, without limitation, extract, transform and load code ) and related documentation for use in complying with stress testing and capital planning regulations, including comprehensive capital analysis and review ( ccar ) and dodd - frank act stress testing ( dfast ) ( collectively, the “ models ” ) ; whereas, the parties have collectively developed, and will continue to develop up to and including the non - ccar date, processes and coding for use