AGREEMENT BY AND BETWEEN California First National Bank Santa Ana, California and The Office of the Comptroller of the CurrencyBank Charter Agreement • May 25th, 2001 • Amplicon Inc • Services-computer rental & leasing
WHEREAS, California First National Bank, of Santa Ana, California ("Bank"), and the Comptroller of the Currency of the United States of America ("Comptroller" or "OCC") seek to ensure that the Bank will operate safely and soundly and in accordance with all applicable laws, rules, regulations, and conditions imposed in connection with the granting of the Bank's charter; and WHEREAS, on or about June 3, 1999, Amplicon, Inc., of Santa Ana, California("Amplicon"), filed an application with the OCC to charter the Bank. According to the application, Amplicon would own one hundred percent (100%) of the Bank's outstanding and issued stock; and WHEREAS, according to the Bank's Business Plan ("First Business Plan"), the Bank was expected to purchase from Amplicon certain payment streams associated with leases of capital assets, funding the purchases of those payment streams using FDIC-insured bank deposits, with the leasing affiliate retaining ownership of the underlying asset and the Bank tak
