Via Hand Delivery [Name and Address of Senior Executive Officer] Dear [Name of Senior Executive Officer],Compensation Agreement • December 17th, 2008 • Wilshire Bancorp Inc • State commercial banks
Wilshire Bancorp, Inc. (the “Company”) anticipates entering into a Securities Purchase Agreement (the “Participation Agreement”), with the United States Department of Treasury (“Treasury”) that provides for the Company’s participation in the Treasury’s TARP Capital Purchase Program (the “CPP”). If the Company does not participate or ceases at any time to participate in the CPP, this letter shall be of no further force and effect.
December 12, 2008Letter Agreement • December 17th, 2008 • Wilshire Bancorp Inc • State commercial banks • California
