PACIFIC PREMIER BANCORP, INC. 17901 Von Karman Avenue Suite 1200 Irvine, California 92614Investor Rights Agreement • August 9th, 2017 • Pacific Premier Bancorp Inc • State commercial banks • Delaware
This letter will confirm our agreement with Carpenter Fund Manager GP, LLC (the “Manager”), on behalf of, and as general partner of, each of Carpenter Community BancFund, L.P., Carpenter Community BancFund-A, L.P. and Carpenter Community BancFund-CA, L.P. (collectively, the “Investors”), that pursuant to and effective as of the consummation of the merger (the “Merger”) of Plaza Bancorp (“Plaza”) with and into Pacific Premier Bancorp, Inc. (“PPBI”), pursuant to that certain Agreement and Plan of Reorganization dated as of August 8, 2017, by and between Plaza and PPBI (the “Merger Agreement”), the Manager, on behalf of the Investors, shall be entitled to the following rights, in addition to any rights specifically provided to all shareholders of PPBI. All terms used herein and not defined herein shall have the meanings assigned to them in the Merger Agreement.
