0001047469-04-007550 Sample Contracts

GUARANTEE AGREEMENT First Community Bancorp Dated as of February 5, 2004
Guarantee Agreement • March 12th, 2004 • First Community Bancorp /Ca/ • National commercial banks • New York

This GUARANTEE AGREEMENT (the "Guarantee"), dated as of February 5, 2004, is executed and delivered by First Community Bancorp, incorporated in California (the "Guarantor"), and JPMorgan Chase Bank, as trustee (the "Guarantee Trustee"), for the benefit of the Holders (as defined herein) from time to time of the Capital Securities (as defined herein) of First Community Bancorp/CA Statutory Trust VII, a Delaware statutory trust (the "Issuer").

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INDEMNIFICATION AGREEMENT
Indemnification Agreement • March 12th, 2004 • First Community Bancorp /Ca/ • National commercial banks • California

THIS INDEMNIFICATION AGREEMENT (this "Agreement") is entered into, effective as of July 23, 2003 between First Community Bancorp, a California corporation (the "Company"), and ("Indemnitee").

FIRST COMMUNITY BANCORP DIRECTORS DEFERRED COMPENSATION TRUST (AMENDED AND RESTATED AS OF DECEMBER 8, 2003)
Directors Deferred Compensation Trust • March 12th, 2004 • First Community Bancorp /Ca/ • National commercial banks • California

This Agreement is amended and restated as of December 8, 2003 by and between First Community Bancorp, a California corporation (the "Company"), and the trustee whose name appears on the signature page hereto (the "Trustee");

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