175,000 Shares of 8.00% Non-Cumulative Perpetual Convertible Preferred Stock, Series A EAST WEST BANCORP, INC. UNDERWRITING AGREEMENTUnderwriting Agreement • April 30th, 2008 • East West Bancorp Inc • State commercial banks • New York
East West Bancorp, Inc., a Delaware corporation (the “Company”), proposes to issue and sell to you as the sole underwriter (the “Underwriter”), 175,000 shares (the “Firm Securities”) of the Company’s convertible preferred stock, par value $0.001 per share (the “Preferred Stock”). The terms of the Preferred Stock will be set forth in a certificate of designations (the “Certificate of Designations”) to be filed by the Company with the Secretary of State of the State of Delaware. The Securities will be convertible into shares of common stock, par value $0.001 per share (the “Common Stock”), of the Company (the shares of Common Stock into which the Securities are convertible, the “Conversion Shares”), plus cash in lieu of fractional shares on the terms set forth in the Certificate of Designations. In addition, the Company proposes to grant to the Underwriter an option to purchase up to 25,000 additional shares of the Preferred Stock on the terms set forth in Section 2 (the “Option Securiti
