<SEC-DOCUMENT>0001140361-23-055792.txt : 20231201
<SEC-HEADER>0001140361-23-055792.hdr.sgml : 20231201
<ACCEPTANCE-DATETIME>20231201164629
ACCESSION NUMBER:		0001140361-23-055792
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		6
FILED AS OF DATE:		20231201
DATE AS OF CHANGE:		20231201
EFFECTIVENESS DATE:		20231201

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BANC OF CALIFORNIA, INC.
		CENTRAL INDEX KEY:			0001169770
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				043639825
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-275855
		FILM NUMBER:		231460200

	BUSINESS ADDRESS:	
		STREET 1:		3 MACARTHUR PLACE
		CITY:			SANTA ANA
		STATE:			CA
		ZIP:			92707
		BUSINESS PHONE:		949-236-5211

	MAIL ADDRESS:	
		STREET 1:		3 MACARTHUR PLACE
		CITY:			SANTA ANA
		STATE:			CA
		ZIP:			92707

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST PACTRUST BANCORP INC
		DATE OF NAME CHANGE:	20020322
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>ny20014593x5_s8.htm
<DESCRIPTION>S-8
<TEXT>
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      <hr style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; margin-left: auto; margin-right: auto;" align="center">As filed with the Securities and Exchange Commission
      on December 1, 2023</div>
    <div><br>
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    <div style="text-align: right; font-weight: bold;">Registration No. 333-&#160;&#160;&#160; <br>
    </div>
    <div><br>
    </div>
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      <hr style="height: 2px; width: 25%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
    <div><br>
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      <hr style="height: 2px; width: 25%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 18pt; font-weight: bold;">FORM S-8</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 18pt; font-weight: bold;">REGISTRATION STATEMENT</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">UNDER</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">THE SECURITIES ACT OF 1933</div>
    <div>
      <hr style="height: 2px; width: 25%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 24pt; font-weight: bold;">BANC OF CALIFORNIA, INC.</div>
    <div style="text-align: center;">(Exact name of registrant as specified in its charter)</div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z7ab611e082994046ad06c2b00b6e3db6" border="0" cellpadding="0" cellspacing="0">

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          <td style="width: 45%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">Maryland</div>
            <div style="text-align: center;">(State or other jurisdiction of</div>
            <div style="text-align: center;">incorporation or organization)</div>
          </td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">04-3639825</div>
            <div style="text-align: center;">(I.R.S Employer</div>
            <div style="text-align: center;">Identification No.)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 45%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 45%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">11611 San Vicente Boulevard, Suite 500</div>
            <div style="text-align: center; font-weight: bold;">Los Angeles, California</div>
            <div style="text-align: center;">(Address of Principal Executive Offices)</div>
          </td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">90049</div>
            <div style="text-align: center; font-weight: bold;"> <br>
            </div>
            <div style="text-align: center;">(Zip Code)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Amended and Restated Banc of California, Inc. 2018 Omnibus Stock Incentive Plan</div>
    <div style="text-align: center; font-weight: bold;">Amended and Restated PacWest Bancorp 2017 Stock Incentive Plan</div>
    <div style="text-align: center;">(Full titles of plans)</div>
    <div><br>
    </div>
    <div>
      <div style="text-align: center; color: #000000; font-weight: bold;">Ido Dotan</div>
      <div style="text-align: center; color: #000000; font-weight: bold;">Executive Vice President, General Counsel and Corporate Secretary</div>
      <div style="text-align: center; color: #000000; font-weight: bold;">Banc of California, Inc.</div>
      <div style="text-align: center; color: #000000; font-weight: bold;">3 MacArthur Place</div>
      <div style="text-align: center; color: #000000; font-weight: bold;">Santa Ana, California 92707</div>
      <div style="text-align: center; color: #000000; font-weight: bold;">(855) 361-2262</div>
    </div>
    <div style="text-align: center; color: #000000;">&#160;(Name, address, including zip code, and telephone number, including area code, of agent for service)</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-style: italic; font-weight: bold;">Copies To:</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Sven G. Mickisch</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Matthew H. Nemeroff</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Skadden, Arps, Slate, Meagher &amp; Flom LLP</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">One Manhattan West</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">New York, New York 10001</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">(212) 735-3000</div>
    <div><br>
    </div>
    <div>
      <hr style="height: 2px; width: 25%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    <div>Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated
      filer,&#8221; &#8220;smaller reporting company&#8221; and &#8220;emerging growth company&#8221; in Rule 12b2 of the Exchange Act.</div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zc6686ea2cb9847c08453d08778028d0e" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #000000;">Large accelerated filer</div>
          </td>
          <td style="width: 5%; vertical-align: top;">&#9746;</td>
          <td style="width: 40%; vertical-align: top;">&#160;</td>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #000000;">Accelerated filer</div>
          </td>
          <td style="width: 15%; vertical-align: top;">&#9744;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 40%; vertical-align: top;">&#160;</td>
          <td style="width: 20%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 20%; vertical-align: top;">
            <div style="color: #000000;">Non-accelerated filer</div>
          </td>
          <td style="width: 5%; vertical-align: top;">&#9744;</td>
          <td style="width: 40%; vertical-align: top;">&#160;</td>
          <td style="width: 20%; vertical-align: top;">
            <div style="color: #000000;">Smaller Reporting Company</div>
            <div>Emerging growth company</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div>&#9744;</div>
            <div>&#9744; </div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the
      Securities Act. &#9744;</div>
    <div> <br>
    </div>
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      <hr style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;" align="center"></div>
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    <div style="text-align: center; font-weight: bold;">EXPLANATORY NOTE</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">On November 30, 2023, in accordance with the terms and conditions of the Agreement and Plan of Merger, dated as of July 25, 2023 (the &#8220;<u>Merger Agreement</u>&#8221;), by and among Banc of California, Inc., a Maryland
      corporation ( &#8220;<u>Banc of California</u>&#8221;), Cal Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Banc of California (&#8220;<u>Merger Sub</u>&#8221;), and PacWest Bancorp, a Delaware corporation (&#8220;<u>PacWest</u>&#8221;), Merger Sub merged with
      and into PacWest (the &#8220;<u>First Merger</u>&#8221;), with PacWest surviving the First Merger, and immediately following the First Merger, PacWest merged with and into Banc of California (the &#8220;<u>Second Merger</u>&#8221;), with Banc of California continuing as the
      surviving corporation of the Second Merger.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">Pursuant to the terms of the Merger Agreement, at the effective time of the First Merger (the &#8220;<u>Effective Time</u>&#8221;), each restricted stock award (a &#8220;<u>PacWest Restricted Stock Award</u>&#8221;) granted under the Amended
      and Restated PacWest Bancorp 2017 Stock Incentive Plan (the &#8220;<u>PacWest Stock Plan</u>&#8221;) was converted into the right to receive 0.6569 of a share of common stock, par value $0.01 per share, of Banc of California (&#8220;<u>Common Stock</u>&#8221;), subject to
      the same terms and conditions applicable to such awards immediately prior to the Effective Time, including with respect to vesting conditions, provided that non-employee director awards were fully vested at the Effective Time.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">In addition, at the Effective Time, Banc of California adopted the Amended and Restated Banc of California 2018 Omnibus Stock Incentive Plan (the &#8220;<u>A&amp;R 2018 Plan</u>&#8221;). The A&amp;R 2018 Plan supersedes and replaces
      the Banc of California 2018 Omnibus Stock Incentive Plan (the &#8220;<u>2018 Plan</u>&#8221;) and the PacWest Stock Plan for awards granted to directors, officers, employees and consultants of Banc of California and its subsidiaries or affiliates after the
      Effective Time. Outstanding awards granted under the 2018 Plan and the PacWest Stock Plan will remain in effect and be administered under the 2018 Plan or the PacWest Stock Plan, as applicable.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">This registration statement on Form S-8 (this &#8220;<u>Registration Statement</u>&#8221;) is being filed for the purpose of registering (i) 6,300,000 shares of Common Stock, issuable pursuant to awards that may be granted under the
      A&amp;R 2018 Plan, and (ii)<font style="color: #000000;"> 910,695 shares of Common Stock that were issued upon conversion, at the Effective Time, of the PacWest Restricted Stock Awards, which such converted awards were assumed by Banc of California
        at the Effective Time, in accordance with, and subject to the terms and conditions of, an exception under Section 303A.08 of the NYSE Listed Company Manual.</font></div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">PART I</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">All information required by Part I to be contained in the prospectus is omitted from this Registration Statement in accordance with the provisions of Rule 428 under the Securities Act of 1933, as amended (the &#8220;<u>Securities













        Act</u>&#8221;) and the introductory note to Part I of Form S-8. The documents containing the information specified in Part I will be delivered to the holders as required by Rule 428(b)(1). These documents and the documents incorporated by reference into
      this Registration Statement pursuant to Part II, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">PART II</div>
    <div style="text-align: center; font-weight: bold;">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Item 3. Incorporation of Documents by Reference.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">In this Registration Statement, as permitted by law, <font style="color: #000000;">Banc of California</font> &#8220;incorporates by reference&#8221; information from other documents that <font style="color: #000000;">Banc of
        California </font>files with the Securities and Exchange Commission (the &#8220;<u>SEC</u>&#8221;). This means that <font style="color: #000000;">Banc of California </font>can disclose important information to you by referring you to those documents. The
      information incorporated by reference is considered to be a part of this prospectus supplement and should be read with the same care.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">The following documents filed (and excluding any documents or portions thereof furnished) with the SEC by <font style="color: #000000;">Banc of California </font>are hereby incorporated into this Registration Statement
      by reference:</div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2e63b2e43358499fa2127b0b63dcb800" cellpadding="0" cellspacing="0">

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          </td>
          <td style="width: 36pt; vertical-align: top;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div>Annual Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1169770/000116977023000021/banc-20221231.htm">February 27, 2023</a>;</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf43772c8cb194eadbc5f2036389bdaa9" cellpadding="0" cellspacing="0">

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          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div>Quarterly Reports on Form 10-Q for the quarter ended March 31, 2023, filed with the SEC on <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1169770/000116977023000045/banc-20230331.htm">May 8, 2023</a>, for the quarter ended June
              30, 2023, filed with the SEC on <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1169770/000116977023000059/banc-20230630.htm">August 8, 2023</a>, and for the quarter ended September 30, 2023, filed with the SEC on <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1169770/000116977023000074/banc-20230930.htm">November 9, 2023</a>;</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zee3ffd95ae78404eb4a3d0e7135b62a7" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div>Current Reports on Form 8-K <font style="color: #000000;">(other than those portions furnished under items 2.02, 7.01 and 9.01 of the Form 8-K)</font>, filed with the SEC on <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1169770/000116977023000015/banc-20230213.htm">February 13, 2023</a>, <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1169770/000116977023000017/banc-20230223.htm">February 23,
                2023</a>, <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1169770/000116977023000048/banc-20230511.htm">May 15, 2023</a>, <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1169770/000116977023000053/banc-20230705.htm">July
                6, 2023</a>, <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1169770/000116977023000055/banc-20230725.htm">July 25, 2023</a> <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1169770/000114036123036080/brhc20056407_8k.htm">(two













                reports)</a>, <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1169770/000114036123036791/brhc20056446_8k.htm">July 28, 2023</a>, <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1169770/000114036123048902/ny20009876x9_8k.htm">October 19, 2023</a>, <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1169770/000114036123049782/ny20009876x14_8k.htm">October
                27, 2023</a>,&#160; <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1169770/000114036123053245/ny20014593x1_8k.htm">November 14, 2023</a> and <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1169770/000114036123054474/ny20014593x3_8k.htm">November 22, 2023</a>; and</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z40be7e9db0734afc8231d2b1a25ce539" cellpadding="0" cellspacing="0">

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          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div>The description of the <font style="color: #000000;">Common Stock</font> set forth in the applicable Registration Statement on Form 8-A filed pursuant to Section 12 of the Securities Exchange Act, including any amendment or report filed
              with the SEC for the purpose of updating such description<font style="color: #000000;">.</font></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-indent: 36pt;">In addition, the following documents filed with the SEC by <font style="color: #000000;">PacWest </font>are hereby incorporated into this Registration Statement by reference:</div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z604ceed08f4f4beaa4aca98676957d11" cellpadding="0" cellspacing="0">

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          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div>Annual Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1102112/000162828023005257/pacw-20221231.htm">February 27, 2023</a>; and</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4f6637c953f4400a9c8fa43bd9046e3a" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div>Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, filed with the SEC on <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1102112/000162828023038297/pacw-20230930.htm">November 9, 2023</a>.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">In addition, all documents filed by <font style="color: #000000;">Banc of California </font>pursuant to Section 13(a), 13(c) 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the &#8220;<u>Exchange Act</u>&#8221;)
      (other than those documents or portions of those documents that may be &#8220;furnished&#8221; and not filed with the SEC), subsequent to the effective date of this Registration Statement, prior to the filing of a post-effective amendment to this Registration
      Statement that indicates that all securities offered have been sold or that deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the date of
      filing of such documents.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">Any statement contained in this Registration Statement or in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration
      Statement to the extent that a statement contained or incorporated by reference herein or in any subsequently filed document that is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified
      or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Item 4. Description of Securities.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">Not applicable.</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Item 5. Interest of Named Experts and Counsel.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">Not applicable.</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Item 6. Indemnification of Directors and Officers.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">Section 2-405.2 of the Maryland General Corporation Law permits a Maryland corporation to include in its charter a provision limiting the liability of its directors and officers to the corporation or its stockholders for
      money damages except: (1) to the extent it is proven that the director or officer actually received an improper benefit or profit, for the amount of the improper benefit or profit; or (2) to the extent that a judgment or other final adjudication
      adverse to the director or officer is entered in a proceeding based on a finding that the director&#8217;s or officer&#8217;s action or failure to act was the result of active and deliberate dishonesty and was material to the cause of action adjudicated in the
      proceeding. Banc of California&#8217;s charter contains such a provision, thereby limiting the liability of its directors and officers to the maximum extent permitted by Maryland law.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">Section 2-418 of the Maryland General Corporation Law permits a Maryland corporation to indemnify a director or officer who is made a party to any proceeding by reason of service in that capacity against judgments,
      penalties, fines, settlements and reasonable expenses actually incurred in connection with the proceeding unless it is established that: (1) the act or omission of the director or officer was material to the matter giving rise to the proceeding and
      was committed in bad faith or was the result of active and deliberate dishonesty; (2) the director or officer actually received an improper personal benefit; or (3) in the case of a criminal proceeding, the director or officer had reasonable cause to
      believe that the act or omission was unlawful. The Maryland General Corporation Law provides that where a director or officer is a defendant in a proceeding by or in the right of the corporation, the director or officer may not be indemnified if he
      or she is found liable to the corporation. The Maryland General Corporation Law also provides that a director or officer may not be indemnified in respect of any proceeding alleging improper personal benefit in which he or she was found liable on the
      grounds that personal benefit was improperly received. A director or officer found liable in a proceeding by or in the right of the corporation or in a proceeding alleging improper personal benefit may petition a court to nevertheless order
      indemnification of expenses if the court determines that the director or officer is fairly and reasonably entitled to indemnification in view of all the relevant circumstances.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">Section 2-418 of the Maryland General Corporation Law provides that unless limited by the charter of a Maryland corporation, a director or an officer who is successful on the merits or otherwise in defense of any
      proceeding must be indemnified against reasonable expenses. Section 2-418 also provides that a Maryland corporation may advance reasonable expenses to a director or an officer upon the corporation&#8217;s receipt of (a) a written affirmation by the
      director or officer of his or her good faith belief that he or she has met the standard of conduct necessary for indemnification by the corporation and (b) a written undertaking by the director or officer or on his or her behalf to repay the amount
      paid or reimbursed by the corporation if it is ultimately determined that the standard of conduct was not met.</div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-indent: 36pt;">Banc of California&#8217;s charter provides for indemnification of directors and officers to the maximum extent permitted by the Maryland General Corporation Law. Additionally, Banc of California has entered into
      indemnification agreements with certain officers and directors of Banc of California, which supplement the indemnification provisions of Banc of California&#8217;s charter by contractually obligating Banc of California to indemnify, and to advance expenses
      to, such persons to the fullest extent permitted by applicable law.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">Under a directors&#8217; and officers&#8217; liability insurance policy, directors and officers of Banc of California are insured against certain liabilities.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold;">Item 7.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Exemption from Registration Claimed.</font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">Not applicable.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold;">Item 8.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Exhibits.</font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">For the list of exhibits, see the Exhibit Index to this Registration Statement, which is incorporated into this item by reference.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold;">Item 9.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Undertakings.</font></div>
    <div><br>
    </div>
    <div><font style="color: #010000;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The undersigned Registrant hereby undertakes:</div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z050a874395f940a09c3cc5525927760b" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; color: #010000;">(1)</td>
          <td style="width: auto; vertical-align: top;">
            <div>To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z166e46e49b8d4131946f2a4d87448150" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 72pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; color: #010000;">(i)</td>
          <td style="width: auto; vertical-align: top;">
            <div>To include any prospectus required by Section 10(a)(3) of the Securities Act;</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc1b07bb48b2d46eeb60c1b376f1d5c6f" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 72pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; color: #010000;">(ii)</td>
          <td style="width: auto; vertical-align: top;">
            <div>To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change
              in the information set forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered)
              and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more
              than 20 percent change in the maximum aggregate offering price set forth in the &#8220;Calculation of Registration Fee&#8221; table in the effective <font style="color: #000000;">Registration Statement</font>;</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6a7d1504f88741be90550a4757107c2a" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 72pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; color: #010000;">(iii)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: #000000;">To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><font style="font-style: italic;">provided, however</font>, that paragraphs (a)(1)(i) and (a)(1)(ii) above shall not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed
      with or furnished to the SEC by the Registrant pursuant to Section 13 or 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement.</div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zbb7b12f3d0fd41f3af94f86b8095ead5" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; color: #010000;">(2)</td>
          <td style="width: auto; vertical-align: top;">
            <div><font style="color: #000000;">That, </font>for<font style="color: #000000;"> the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating
                to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</font></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z8b7271cb40a745e1b0962265220e79de" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; color: #010000;">(3)</td>
          <td style="width: auto; vertical-align: top;">
            <div><font style="color: #000000;">To </font>remove<font style="color: #000000;"> from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</font></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><font style="color: #010000;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant&#8217;s annual report pursuant to Section 13(a) or
      15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan&#8217;s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the Registration Statement shall be deemed to be a new
      Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</div>
    <div><br>
    </div>
    <div><font style="color: #010000;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions,
      or otherwise, the Registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such
      liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or
      controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether
      such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: center; font-weight: bold;">EXHIBIT INDEX</div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z3217526850eb4258a875427ed51529c9" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div><a href="https://www.sec.gov/Archives/edgar/data/1169770/000119312518184577/d597365dex32.htm">4.1</a></div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div>Second Articles of Restatement of Banc of California, Inc., restated as of June 4, 2018 (incorporated by reference to Exhibit 3.2 of Banc of California&#8217;s Current Report on Form 8-K filed with the SEC on June 5, 2018).</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div><a href="https://www.sec.gov/Archives/edgar/data/1169770/000114036123055744/ny20014593x6_ex3-2.htm">4.2</a></div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div>Banc of California, Inc. Articles of Amendment, effective as of November 30, 2023 (incorporated by reference to Exhibit 3.2 of Banc of California&#8217;s Current Report on Form 8-K filed with the SEC on December 1, 2023).</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div><a href="https://www.sec.gov/Archives/edgar/data/1169770/000114036123055744/ny20014593x6_ex3-3.htm">4.3</a></div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div>Banc of California, Inc. Articles Supplementary designating a new class of non-voting, common-equivalent stock, effective as of November 28, 2023 (incorporated by reference to Exhibit 3.3 of Banc of California&#8217;s Current Report on Form 8-K
              filed with the SEC on December 1, 2023).</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div><a href="https://www.sec.gov/Archives/edgar/data/1169770/000114036123055744/ny20014593x6_ex3-4.htm">4.4</a></div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div>Banc of California, Inc. Articles Supplementary designating a new class of preferred stock, effective as of November 28, 2023 (incorporated by reference to Exhibit 3.4 of Banc of California&#8217;s Current Report on Form 8-K filed with the SEC
              on December 1, 2023).</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div><a href="https://www.sec.gov/Archives/edgar/data/1169770/000116977023000048/bancofcalifornia-bylawsrev.htm">4.5</a></div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div>Sixth Amended and Restated Bylaws of Banc of California, Inc., amended as of May 11, 2023 (incorporated by reference to Exhibit 3.1 of Banc of California&#8217;s Current Report on Form 8-K filed with the SEC on May 15, 2023).</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div><a href="https://www.sec.gov/Archives/edgar/data/1169770/000092708902000078/ex04-stkcrt.htm">4.6</a></div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div>Specimen of certificate representing Banc of California, Inc.&#8217;s common stock, par value $0.01 per share (incorporated by reference to Exhibit 4 to Banc of California&#8217;s Registration Statement on Form S-1 filed with the SEC on March 28,
              2002).</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div><a href="ny20014593x5_ex5-1.htm">5.1*</a></div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div>Opinion of Silver, Freedman, Taff &amp; Tiernan LLP.</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div><a href="https://www.sec.gov/Archives/edgar/data/1169770/000114036123055744/ny20014593x6_ex10-4.htm">10.1</a></div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div>Amended and Restated Banc of California, Inc. 2018 Omnibus Stock Incentive Plan<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#160;</sup>(incorporated by reference to Exhibit 10.4 to Banc of California&#8217;s Current
              Report on Form 8-K filed with the SEC on December 1, 2023).</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div><a href="ny20014593x5_ex10-2.htm">10.2*</a></div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div>Amended and Restated PacWest 2017 Stock Incentive Plan.</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div><a href="ny20014593x5_ex23-1.htm">23.1*</a></div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div>Consent of Ernst &amp; Young LLP.</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div><a href="ny20014593x5_ex23-2.htm">23.2*</a></div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div>Consent of KPMG LLP.</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div><a href="ny20014593x5_ex5-1.htm">23.3*</a></div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div>Consent of Silver, Freedman, Taff &amp; Tiernan LLP, included in the opinion filed as Exhibit 5.1 and incorporated herein by reference.</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div><a href="ny20014593x5_ex107.htm">107*</a></div>
          </td>
          <td style="width: 90%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>Filing Fee Table.</div>
          </td>
        </tr>

    </table>
    <div> <br>
    </div>
    <div>
      <table id="z4eaa7018b7c944f0b7665d5f8e6ca31c" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" border="0" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 5%;">
              <div>&#160;*</div>
            </td>
            <td style="width: 95%;">
              <div>&#160;Filed herewith.</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: center; font-weight: bold;">SIGNATURES</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">Pursuant to the requirements of the Securities Act of 1933, as amended, Banc of California certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly
      caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Los Angeles, State of California on December 1, 2023.</div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zcd32b65f2dee4ff3b7210628e344b948" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">BANC OF CALIFORNIA, INC.</div>
          </td>
        </tr>
        <tr>
          <td colspan="3" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td style="width: 6%; vertical-align: top; padding-bottom: 2px;">
            <div>By:</div>
          </td>
          <td style="width: 44%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>/s/ Ido Dotan</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 6%; vertical-align: top;">
            <div>Name:</div>
          </td>
          <td style="width: 44%; vertical-align: top;">
            <div>Ido Dotan</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 6%; vertical-align: top;">
            <div>Title:</div>
          </td>
          <td style="width: 44%; vertical-align: top;">
            <div>Executive Vice President, General Counsel</div>
            <div>and Corporate Secretary</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>
      <div style="text-indent: 24.5pt;">Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on December 1, 2023.</div>
      <div style="text-indent: 24.5pt;"> <br>
      </div>
      <div style="text-indent: 24.5pt;"> </div>
      <div style="text-indent: 24.5pt;">
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z1d822f7347a8478abc85b4f987552263" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">
                <div>/s/ Jared Wolff</div>
              </td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">Jared Wolff</div>
              </td>
              <td style="width: 50%; vertical-align: top;">
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                  <font style="font-style: italic;">(Principal Executive Officer)</font></div>
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            <tr>
              <td style="width: 50%; vertical-align: top; text-align: center;">&#160;</td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">
                <div>/s/ Joseph Kauder</div>
              </td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">Joseph Kauder</div>
              </td>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">Executive Vice President/Chief Financial Officer</div>
                <div style="text-align: center;"><font style="font-style: italic;">(Principal Financial Officer)</font></div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; text-align: center;">&#160;</td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">
                <div>/s/ Monica Sparks</div>
              </td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">Monica Sparks</div>
              </td>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">Executive Vice President/Chief Accounting Officer</div>
                <div style="text-align: center;"><font style="font-style: italic;">(Principal Accounting Officer)</font></div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; text-align: center;">&#160;</td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">
                <div>/s/ John M. Eggemeyer, III</div>
              </td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">John M. Eggemeyer, III</div>
              </td>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">Chairman</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; text-align: center;">&#160;</td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">
                <div>/s/ James A. &#8220;Conan&#8221; Barker</div>
              </td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">James A. &#8220;Conan&#8221; Barker</div>
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            <tr>
              <td style="width: 50%; vertical-align: top; text-align: center;">&#160;</td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">
                <div>/s/ Paul R. Burke</div>
              </td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">Paul R. Burke</div>
              </td>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">Director</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; text-align: center;">&#160;</td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">
                <div>/s/ Mary A. Curran</div>
              </td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">Mary A. Curran</div>
              </td>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">Director</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; text-align: center;">&#160;</td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">
                <div>/s/ Shannon F. Eusey</div>
              </td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">Shannon F. Eusey</div>
              </td>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">Director</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; text-align: center;">&#160;</td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">
                <div>/s/ Richard J. Lashley</div>
              </td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">Richard J. Lashley</div>
              </td>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">Director</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; text-align: center;">&#160;</td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">
                <div>/s/ Susan E. Lester</div>
              </td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">Susan E. Lester</div>
              </td>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">Director</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; text-align: center;">&#160;</td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">
                <div>/s/ Joseph J. Rice</div>
              </td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">Joseph J. Rice</div>
              </td>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">Director</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; text-align: center;">&#160;</td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">
                <div>/s/ Todd Schell</div>
              </td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">Todd Schell</div>
              </td>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">Director</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; text-align: center;">&#160;</td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">
                <div>/s/ Vania E. Schlogel</div>
              </td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">Vania E. Schlogel</div>
              </td>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">Director</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; text-align: center;">&#160;</td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">
                <div>/s/ Andrew Thau</div>
              </td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">Andrew Thau</div>
              </td>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center;">Director</div>
              </td>
            </tr>

        </table>
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      <div> </div>
      <div><br>
      </div>
    </div>
    <div>
      <div>
        <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"> </div>
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<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>ny20014593x5_ex5-1.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
<html>
  <head>
    <title></title>
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         Document created using Broadridge PROfile 23.9.1.5178
         Copyright 1995 - 2023 Broadridge -->
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<body style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;" bgcolor="#ffffff">
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    <hr style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade">
    <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 5.1</font></div>
    <div><font style="font-weight: bold;"> <br>
      </font></div>
    <div><br>
      <div style="text-align: center;">Law Offices</div>
      <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">Silver, Freedman, Taff &amp; Tiernan LLP</div>
      <div style="text-align: center;">A Limited Liability Partnership Including Professional Corporations</div>
      <div><br>
      </div>
      <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z50869e29783645d7b74c40aa1ab6a8a9" border="0" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 33%; vertical-align: top;">&#160;</td>
            <td style="width: 33.53%; vertical-align: top;">
              <div style="text-align: center;">3299 K STREET, N.W., SUITE 100</div>
              <div style="text-align: center;">&#160;WASHINGTON, D.C. 20007</div>
              <div style="text-align: center;">&#160;(202) 295-4500</div>
              <div style="text-align: center;">&#160;WWW.SFTTLAW.COM</div>
            </td>
            <td style="width: 32.9%; vertical-align: top;">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: center;">December 1, 2023</div>
      <div><br>
      </div>
      <div>Banc of California, Inc.</div>
      <div>11611 San Vicente Boulevard, Suite 500</div>
      <div>Los Angeles, California 90049</div>
      <div><br>
        Ladies and Gentlemen:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">We have acted as special Maryland counsel to Banc of California, Inc., a Maryland corporation (the &#8220;Company&#8221;), in connection with the filing with the Securities and Exchange Commission (the &#8220;Commission&#8221;) of a
        Registration Statement on Form S-8 (the &#8220;Registration Statement&#8221;) under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), relating to (i) 6,300,000 shares of the Company&#8217;s common stock, par value $0.01 per share (the &#8220;Company Common
        Stock&#8221;), to be offered pursuant to the Amended and Restated Banc of California 2018 Omnibus Stock Incentive Plan (the &#8220;Plan&#8221;); and (ii) 910,695 shares of Company Common Stock issued upon conversion, at the Effective Time (as defined below), of
        PacWest Restricted Stock Awards (as defined below) in accordance with the Merger Agreement (as defined below).</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">On November 30, 2023, in accordance with the Agreement and Plan of Merger, dated as of July 25, 2023 (the &#8220;Merger Agreement&#8221;), by and among the Company, Cal Merger Sub, Inc., a Delaware corporation and wholly-owned
        subsidiary of the Company (&#8220;Merger Sub&#8221;), and PacWest Bancorp, a Delaware corporation (&#8220;PacWest&#8221;), Merger Sub merged with and into PacWest (the &#8220;First Merger&#8221;), with PacWest surviving the First Merger, and immediately following the First Merger,
        PacWest merged with and into the Company (the &#8220;Second Merger&#8221;), with the Company surviving the Second Merger.&#160; Pursuant to the Merger Agreement, at the effective time of the First Merger (the &#8220;Effective Time&#8221;), each restricted stock award (a
        &#8220;PacWest Restricted Stock Award&#8221;) granted under the Amended and Restated PacWest Bancorp 2017 Stock Incentive Plan was converted into the right to receive 0.6569 of a share of Company Common Stock, subject to the same terms and conditions
        applicable to such awards immediately prior to the Effective Time, including with respect to vesting conditions, provided that non-employee director awards were fully vested at the Effective Time.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">In connection with the rendering of the opinion set forth below, we have examined originals or copies of: (i) the Registration Statement; (ii) the charter and bylaws of the Company as currently in effect;<font style="color: #000000;">&#160;</font>(iii) the Plan; (iv) the Merger Agreement; (v) resolutions adopted by the Company&#8217;s Board of Directors; and (vi) such other documents, agreements, records, instruments, certificates of public officials and
        certificates of officers or other representatives of the Company, PacWest, Merger Sub or others as we have deemed necessary or appropriate for purposes of and as a basis for rendering the opinion set forth below.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">In our examination, we have: (i) assumed the genuineness of all signatures and the authenticity of all documents submitted to us as originals; (ii) assumed the conformity to original documents of all documents
        submitted to us as certified or photostatic copies and the authenticity of the originals of such copies; and (iii) assumed and relied upon the truth, accuracy and completeness (without independent investigation or verification) of the information,
        representations, warranties and statements contained in the documents, agreements, records, instruments and certificates we have reviewed, including, without limitation, the representations and warranties of the Company, PacWest and Merger Sub set
        forth in the Merger Agreement.&#160; We have further assumed that all persons, other than the Company, had, have or will have all requisite power and authority to execute and deliver all documents, agreements, records, instruments and certificates
        examined by us and have also assumed the due authorization by all requisite action by such persons, other than the Company, and the due execution and delivery by such persons, other than the Company, of all such documents, agreements, records,
        instruments and certificates and the validity and binding effect thereof.</div>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;" noshade="noshade"></div>
        <div class="BRPFPageHeader" style="width: 100%;">Banc of California, Inc. <br>
          December 1, 2023 <br>
          Page <font class="BRPFPageNumber">2</font></div>
      </div>
      <div style="font-family: 'Times New Roman',Times,serif;"> <font class="BRPFPageNumber"></font></div>
      <div style="text-indent: 36pt;"> <br>
      </div>
      <div style="text-indent: 36pt;">Based upon the foregoing, and subject to the qualifications, assumptions and limitations stated herein, we are of the opinion that the shares of Company Common Stock being so registered will be, when and if issued,
        sold and paid for in accordance with and as contemplated by the Plan or the Merger Agreement, as applicable, validly issued, fully paid and non-assessable.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">In rendering the opinion set forth herein,<font style="color: #000000;">&#160;</font>we express no opinion as to the laws of any jurisdiction other than the General Corporation Law of the State of Maryland, as currently in
        effect. This opinion is limited to the facts bearing on this opinion as they exist on the date hereof. We disclaim any obligation to review or supplement this opinion or to advise you of any changes in circumstances, laws or events that may occur
        after the date hereof or otherwise update this opinion.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">We hereby consent to the filing of this opinion as an exhibit to the Registration Statement.&#160; In giving this consent, we do not admit that we are within the category of persons whose consent is required under Section 7
        of the Securities Act or the rules and regulations of the Commission promulgated thereunder. The opinion expressed herein is a matter of professional judgment and is not a guarantee of result.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div>
        <table id="z11c5a58c36a34b3c94b641a92c38c7aa" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" border="0" cellpadding="0" cellspacing="0">

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              <td style="width: 50.00%;"><br>
              </td>
              <td style="width: 50%; font-family: 'Times New Roman',Times,serif; text-align: left;">
                <div>Very truly yours,</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50.00%;"><br>
              </td>
              <td style="width: 50.00%;"><br>
              </td>
            </tr>
            <tr>
              <td style="width: 50.00%;"><br>
              </td>
              <td style="width: 50%; font-family: 'Times New Roman',Times,serif; text-align: left;">
                <div>/s/ SILVER, FREEDMAN, TAFF &amp; TIERNAN LLP</div>
              </td>
            </tr>
            <tr>
              <td rowspan="1" style="width: 50.00%;">&#160;</td>
              <td rowspan="1" style="width: 50%; font-family: 'Times New Roman',Times,serif; text-align: left;">
                <div>SILVER, FREEDMAN, TAFF &amp; TIERNAN LLP</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div>
        <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ny20014593x5_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Broadridge Financial Solutions, Inc.
         Document created using Broadridge PROfile 23.9.1.5178
         Copyright 1995 - 2023 Broadridge -->
  </head>
<body style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;" bgcolor="#ffffff">
  <div>
    <div style="text-align: right; font-family: 'Times New Roman',Times,serif; font-weight: bold;">
      <hr style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade">Exhibit 10.2<br>
    </div>
    <div style="text-align: center; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-weight: bold;">AMENDED AND RESTATED PACWEST BANCORP 2017 STOCK INCENTIVE PLAN</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Purpose of the Plan</u>.&#160;&#160; The purpose of this Amended and Restated PacWest Bancorp 2017 Stock Incentive Plan (the &#8220;Plan&#8221;) is to offer certain Employees, Non-Employee Directors, and Consultants the
      opportunity to acquire a proprietary interest in the Company. Through the Plan, the Company and its subsidiaries seek to attract, motivate, and retain highly competent persons. The success of the Company and its affiliates are dependent upon the
      efforts of these persons. The Plan provides for the grant of options, restricted stock awards, performance stock awards, and stock appreciation rights. An option granted under the Plan may be a Non-Statutory Stock Option or an Incentive Stock Option,
      as determined by the Administrator.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Definitions</u>.&#160;&#160; As used herein, the following definitions shall apply.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;2017 SIP&#8221; shall mean the PacWest Bancorp 2017 Stock Incentive Plan, as originally adopted by the Board on February 15, 2017 and approved by the stockholders of the Company on March 15, 2017.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Act&#8221; shall mean the Securities Act of 1933, as amended.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Administrator&#8221; shall mean the Board or any one of the Committees.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Affiliate&#8221; shall mean any parent or subsidiary (as defined in Sections 424(e) and (f) of the Code) of the Company.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Award&#8221; shall mean an Option, Stock Award, or a SAR.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Board&#8221; shall mean the Board of Directors of the Company.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Cause&#8221; shall have the meaning given to it under any employment agreement, plan or policy of the Company or an Affiliate that is applicable to the Participant. If the Participant is not a party to an employment agreement
      or subject to a plan or policy that defines Cause, then Cause shall include malfeasance or gross misfeasance in the performance of duties or conviction of illegal activity in connection therewith or any conduct detrimental to the interests of the
      Company or an Affiliate which results in termination of the Participant&#8217;s service with the Company or an Affiliate, as determined by the Administrator.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Change in Control&#8221; shall mean:</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the consummation of a plan of dissolution or liquidation of the Company;</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the individuals who, as of the Effective Date, are members of the Board (the &#8220;Incumbent Board&#8221;), cease for any reason to constitute at least a majority of the members of the Board;
      provided that if the election, or nomination for election by the Company&#8217;s stockholders, of any new director was approved by a vote of at least two-thirds (2/3) of the Incumbent Board, such new director shall, for purposes of this Plan, be considered
      as a member of the Incumbent Board; provided, further, that no individual shall be considered a member of the Incumbent Board if such individual initially assumed office as a result of either an actual or publicly threatened &#8220;election contest&#8221; or
      other actual or publicly threatened solicitation of proxies or consents by or on behalf of an individual, entity or group (within the meaning of Section 13(d) or 14(d) of the Exchange Act) (a &#8220;Person&#8221;) other than the Board (a &#8220;Proxy Contest&#8221;)
      including by reason of any agreement intended to avoid or settle any election contest or Proxy Contest;</div>
    <div style="text-indent: 36pt; margin-left: 36pt;"> <br>
    </div>
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    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the consummation of a plan of reorganization, merger or consolidation involving the Company (a &#8220;Transaction&#8221;) where either (A) the stockholders of the Company immediately prior to such
      Transaction own directly or indirectly less than sixty (60%) of the combined voting power of the outstanding voting securities of the company resulting from such Transaction (the &#8220;Surviving Company&#8221;) in substantially the same proportion as their
      ownership of voting securities of the Company immediately prior to such Transaction or (B) the individuals who were members of the Incumbent Board immediately prior to the execution of the agreement providing for such Transaction constitute less than
      a majority of the members of the board of directors of the Surviving Company, or of a company beneficially owning, directly or indirectly, a majority of the voting securities of the Surviving Company (in addition, a &#8220;Change in Control&#8221; will occur
      under this prong (iii) if the conditions in both (A) and (B) occur);</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(iv)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the sale of all or substantially all the assets of the Company to another person; or</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(v)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the acquisition by another Person of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of stock representing more than fifty percent (50%) of the
      voting power of the Company then outstanding by another Person.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Code&#8221; shall mean the Internal Revenue Code of 1986, as amended.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Committee&#8221; shall mean a committee appointed by the Board in accordance with Section 3 below.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Common Stock&#8221; shall mean the common stock of the Company, $0.01 par value.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Company&#8221; shall mean PacWest Bancorp, a Delaware corporation.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Consultant&#8221; shall mean any natural person who performs bona fide services for the Company or an Affiliate as a consultant or advisor, excluding Employees and Non-Employee Directors.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Date of Grant&#8221; shall mean the effective date as of which the Administrator grants an Option to an Optionee, a Stock Award to a Grantee, or a SAR to an Optionee.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Disability&#8221; shall mean total and permanent disability as defined in Section 22(e)(3) of the Code.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Effective Date&#8221; shall mean the date of stockholder approval of the Plan at the Company&#8217;s annual stockholder&#8217;s meeting on May 11, 2021.</div>
    <div style="text-indent: 36pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">2</font></div>
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    </div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Employee&#8221; shall mean any individual who is a common-law employee of the Company or an Affiliate.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Exchange Act&#8221; shall mean the Securities Exchange Act of 1934, as amended.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Exercise Price,&#8221; in the case of an Option, shall mean the exercise price of a share of Optioned Stock. &#8220;Exercise Price,&#8221; in the case of a SAR, shall be determined by the Administrator but shall not be less than 100% of
      the Fair Market Value of a Share on the Date of Grant of such SAR.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Fair Market Value&#8221; shall mean, as of any date, the value of Common Stock determined as follows:</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If the Common Stock is listed on any established stock exchange or a national market system, including without limitation, the Nasdaq National Market or The Nasdaq SmallCap Market of The
      Nasdaq Stock Market, its Fair Market Value shall be the closing sales price for such stock (or the closing bid, if no sales were reported) as quoted on such exchange or system for the last market trading day prior to the time of determination, as
      reported in The Wall Street Journal or such other source as the Administrator deems reliable;</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If the Common Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, its Fair Market Value shall be the mean between the high bid and low asked
      prices for the Common Stock quoted by such recognized securities dealer on the last market trading day prior to the day of determination; or</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In the absence of an established market for the Common Stock, its Fair Market Value shall be determined, in good faith, by the Administrator.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Good Reason&#8221; shall have the meaning given to it under any employment agreement, plan or policy of the Company or an Affiliate that is applicable to the Participant. If the Participant is not a party to an employment
      agreement or subject to a plan or policy that defines Good Reason, then Good Reason shall mean, without the Participant&#8217;s consent:</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;any material and adverse change in the Participant&#8217;s position or authority with the Company as in effect immediately before a Change in Control;</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the transfer of the Participant&#8217;s primary work site to a new primary work site that is more than 50 miles from the Participant&#8217;s primary work site in effect immediately before a Change in
      Control; or</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;a material reduction by the Company in the Participant&#8217;s base salary, as in effect immediately prior to the Change in Control (other than a reduction of less than ten percent (10%) that
      is applicable to all similarly situated employees);</div>
    <div><br>
    </div>
    <div>provided that Good Reason shall exist only if&#8201; (1) the Participant gives the Company written notice of the event within thirty (30) days of the Participant&#8217;s actual knowledge of such action, (2) the Company has not cured such action within thirty
      (30) days of receipt of written notice from the Participant and (3) the Participant terminates his or her employment within ninety (90) days after the Participant has actual knowledge of such event.</div>
    <div> <br>
    </div>
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      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">3</font></div>
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    </div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Granted Stock&#8221; shall mean the shares of Common Stock that were granted pursuant to a Stock Award.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Grantee&#8221; shall mean any person who is granted a Stock Award.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Incentive Stock Option&#8221; shall mean an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Non-Employee Director&#8221; shall mean a non-employee member of the Board.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Non-Statutory Stock Option&#8221; shall mean an Option not intended to qualify as an Incentive Stock Option.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Notice of Stock Appreciation Rights Grant&#8221; shall mean the notice delivered by the Company to the Optionee evidencing the grant of a SAR.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Notice of Stock Option Grant&#8221; shall mean the notice delivered by the Company to the Optionee evidencing the grant of an Option.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Option&#8221; shall mean a stock option granted pursuant to the Plan.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Option Agreement&#8221; shall mean a written agreement that evidences an Option in such form as the Administrator shall approve from time to time.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Optioned Stock&#8221; shall mean the Common Stock subject to an Option.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Optionee&#8221; shall mean any person who receives an Option or a SAR.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Participant&#8221; shall mean an Optionee or a Grantee.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Performance Stock Award&#8221; shall mean an Award of performance shares or performance-based restricted stock units granted pursuant to Section 9 of the Plan.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Qualified Note&#8221; shall mean a recourse note, with a market rate of interest that may, at the discretion of the Administrator, be secured by the Optioned Stock or otherwise.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Restricted Stock Award&#8221; shall mean an Award of restricted stock or restricted stock units granted pursuant to Section 8 of the Plan.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Risk of Forfeiture&#8221; shall mean the Grantee&#8217;s risk that the Granted Stock may be forfeited and returned to the Company in accordance with Section 8 or 9 of the Plan.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Rule 16b-3&#8221; shall mean Rule 16b-3 promulgated under the Exchange Act or any successor to Rule 16b-3.</div>
    <div style="text-indent: 36pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">4</font></div>
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    </div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;SAR&#8221; or &#8220;Stock Appreciation Right&#8221; shall mean a stock appreciation right granted pursuant to the Plan.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;SAR Agreement&#8221; shall mean a written agreement that evidences a SAR in such form as the Administrator shall approve from time to time.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Service&#8221; shall mean the performance of services for the Company (or any Affiliate) by an Employee, Non-Employee Director, or Consultant, as determined by the Administrator in its sole discretion. Service shall not be
      considered interrupted in the case of: (i) a change of status (i.e., from Employee to Consultant, Non-Employee Director to Consultant, or any other combination); (ii) transfers between locations of the Company or between the Company and any
      Affiliate; or (iii) a leave of absence approved by the Company or an Affiliate. A leave of absence approved by the Company or an Affiliate shall include sick leave, military leave, or any other personal leave approved by an authorized representative
      of the Company or an Affiliate.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Service Provider&#8221; shall mean an Employee, Non-Employee Director, or Consultant.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Share&#8221; shall mean a share of Common Stock.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Stock Award&#8221; shall mean a Restricted Stock Award or a Performance Stock Award.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Stock Award Agreement&#8221; shall mean a written agreement that evidences a Restricted Stock Award or Performance Stock Award in such form as the Administrator shall approve from time to time.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Tax&#8221; or &#8220;Taxes&#8221; shall mean the federal, state, and local income, employment and excise tax liabilities incurred by the Participant in connection with his/her Awards.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;10% Stockholder&#8221; shall mean the owner of stock (as determined under Section 424(d) of the Code) possessing more than 10% of the total combined voting power of all classes of stock of the Company (or any Affiliate).</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Termination Date&#8221; shall mean the date on which a Participant&#8217;s Service terminates, as determined by the Administrator in its sole discretion.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">&#8220;Vesting Event&#8221; shall mean the earlier of: (i) the termination of a Participant&#8217;s Service by the Company or an Affiliate or any successor entity thereto without Cause or by the Participant for Good Reason within
      twenty-four months following the occurrence of a Change in Control; and (ii) the death of a Participant.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Administration of the Plan</u>.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Except as otherwise provided for below, the Plan shall be administered by (i) the Board or (ii) a Committee, which Committee shall be constituted to satisfy applicable laws.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Rule16b-3</u>. To the extent desirable to qualify transactions hereunder as exempt under Rule 16b-3, the transactions contemplated hereunder shall be structured to satisfy the
      requirements for exemption under Rule 16b-3.</div>
    <div style="text-indent: 36pt; margin-left: 36pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">5</font></div>
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    </div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Powers of the Administrator</u>. Subject to the provisions of the Plan and in the case of specific duties delegated by the Administrator, and subject to the approval of relevant authorities, including the
      approval, if required, of any stock exchange or national market system upon which the Common Stock is then listed, the Administrator shall have the authority, in its sole discretion:</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; to determine the Fair Market Value of the Common Stock;</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; to select the Service Providers to whom Awards may, from time to time, be granted under the Plan;</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160; to determine whether and to what extent Awards are granted under the Plan;</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(iv)&#160;&#160;&#160;&#160;&#160;&#160;&#160; to determine the number of Shares that pertain to each Award;</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(v)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; to approve the terms of the Option Agreements, Stock Award Agreements, and SAR Agreements;</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(vi)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; to determine the terms and conditions, not inconsistent with the terms of the Plan, of any Award. Such terms and conditions may include, but are not limited to, the Exercise Price, the
      status of an Option (Non-Statutory Stock Option or Incentive Stock Option), the time or times when Awards may be exercised, any vesting acceleration or waiver of forfeiture restrictions, and any restriction or limitation regarding any Award or the
      Shares relating thereto, based in each case on such factors as the Administrator, in its sole discretion, shall determine;</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(vii)&#160;&#160;&#160;&#160;&#160;&#160;&#160; to determine the method of payment of the Exercise Price;</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(viii)&#160;&#160;&#160;&#160;&#160;&#160; to delegate to others responsibilities to assist in administering the Plan;</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(ix)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; to construe and interpret the terms of the Plan, Option Agreements, Stock Award Agreements, SAR Agreements and any other documents related to the Awards;</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(x)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;to interpret and administer the terms of the Plan to comply with all Tax rules and regulations; and</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(xi)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; to adopt, alter and repeal such administrative rules, guidelines and practices governing the operation of the Plan as it shall from time to time deem advisable.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Effect of Administrator&#8217;s Decision</u>. All decisions, determinations, and interpretations of the Administrator shall be final and binding on all Participants and any other holders of any Awards. The
      Administrator&#8217;s decisions and determinations under the Plan need not be uniform and may be made selectively among Participants whether or not such Participants are similarly situated.</div>
    <div style="text-indent: 36pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">6</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Liability</u>. No member of the Committee shall be personally liable by reason of any contract or other instrument executed by such member or on his/her behalf in his/her capacity as a member of the
      Committee for any mistake of judgment made in good faith, and the Company shall indemnify and hold harmless each member of the Committee and each other employee, officer or director of the Company to whom any duty or power relating to the
      administration or interpretation of the Plan may be allocated or delegated, against any cost or expense (including counsel fees) or liability (including any sum paid in settlement of a claim) arising out of any act or omission to act in connection
      with the Plan unless arising out of such person&#8217;s own fraud or bad faith. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the Company&#8217;s articles of
      incorporation or amended bylaws, as a matter of law, or otherwise, or any power the Company may have to indemnify them or hold them harmless.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Stock Subject To The Plan</u>.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Basic Limitation</u>.&#160;&#160; The total number of Options, Stock Awards, and SARs that may be awarded under the Plan may not exceed 6,650,000 Shares (the &#8220;Share Limit&#8221;) (representing 4,000,000 Shares originally
      approved for grant under the 2017 SIP plus the 2,650,000 Shares added as a result of the approval of this Plan), which Share Limit is subject to the adjustments provided for in Section 12 of the Plan.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Additional Shares</u>.&#160;&#160; In the event that any outstanding Award expires or is canceled or otherwise terminated, the Shares that pertain to the unexercised Award shall again be available for the purposes
      of the Plan. In the event that Shares issued under the Plan are reacquired by the Company at their original purchase price, such Shares shall again be available for the purposes of the Plan, except that the aggregate number of Shares which may be
      issued upon the exercise of Incentive Stock Options shall in no event exceed 6,650,000 Shares, subject to the adjustments provided for in Section 12 of the Plan. Shares that are withheld or tendered to the Company to pay Taxes or to pay the exercise
      price of Options or other Awards will not become available for reissuance under the Plan, and Shares subject to a SAR that are not issued in connection with the stock settlement of that SAR will not become available for reissuance under the Plan.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Eligibility</u>.&#160;&#160; The persons eligible to participate in the Plan shall be limited to Employees, Non-Employee Directors, and Consultants who have the potential to impact the long-term success of the
      Company and/or its Affiliates and who have been selected by the Administrator to participate in the Plan.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Option Terms</u>.&#160;&#160; Each Option shall be evidenced by an Option Agreement, in the form approved by the Administrator and may contain such provisions as the Administrator deems appropriate; provided,
      however, that each Option Agreement shall comply with the terms specified below. Each Option Agreement evidencing an Incentive Stock Option shall, in addition, be subject to Section 7 below.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Exercise Price</u>.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Exercise Price of an Option shall be determined by the Administrator but shall not be less than 100% of the Fair Market Value of a Share on the Date of Grant of such Option.</div>
    <div style="text-indent: 36pt; margin-left: 36pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">7</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Notwithstanding the foregoing, where the outstanding shares of stock of another corporation are changed into or exchanged for shares of Common Stock without monetary consideration to that
      other corporation, then, subject to the approval of the Board, Options may be granted in exchange for unexercised, unexpired stock options of the other corporation and the exercise price of the Optioned Shares subject to each Option so granted may be
      fixed at a price less than 100% of the Fair Market Value of the Common Stock at the time such Option is granted if said exercise price has been computed to be not less than the exercise price set forth in the stock option of the other corporation,
      with appropriate adjustment to reflect the exchange ratio of the shares of stock of the other corporation into the shares of Common Stock of the Company.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The consideration to be paid for the Shares to be issued upon exercise of an Option, including the method of payment, shall be determined by the Administrator (subject to Subsection
      (a)(iv) below) and may consist entirely of&#8201; (A) cash, (B) check, (C) Shares, (D) Qualified Note, or (E) any combination of the foregoing methods of payment. The Administrator may also permit Optionees, either on a selective or aggregate basis, to A
      simultaneously exercise Options and sell the shares of Common Stock thereby acquired, pursuant to a brokerage or similar arrangement, approved in advance by the Administrator, and use the proceeds from such sale as payment of part or all of the
      exercise price of such shares. Notwithstanding the foregoing, a method of payment may not be used if it causes the Company to: (i) recognize compensation expense for financial reporting purposes; (ii) violate Section 402 of the Sarbanes-Oxley Act of
      2002 or any regulations adopted pursuant thereto; or (iii) violate Regulation O, promulgated by the Board of Governors of the Federal Reserve System, as determined by the Administrator in its sole discretion.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(iv)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;To the extent permitted under Section 402 of the Sarbanes-Oxley Act of 2002 and the regulations adopted pursuant thereto, holders of Non-Statutory Stock Options have the right to use
      previously vested Shares in satisfaction of all or part of the Exercise Price as follows:</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 72pt;">(A)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Stock Withholding</u>:&#160;&#160; The election to have the Company withhold, from the Shares otherwise issuable upon the exercise of such Non-Statutory Stock Option, a portion of those Shares
      with an aggregate Fair Market Value equal to the Exercise Price.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 72pt;">(B)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Stock Delivery</u>:&#160;&#160; The election to deliver to the Company, at the time the Non-Statutory Stock Option is exercised, one or more Shares previously acquired by such holder with an
      aggregate Fair Market Value equal to the Exercise Price.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Vesting</u>.&#160;&#160; Subject to the limitations set forth in Section 13 of the Plan, any Option granted hereunder shall be exercisable and shall vest at such times and under such conditions as determined by the
      Administrator and set forth in the Option Agreement. An Option may not be exercised for a fraction of a Share. Notwithstanding anything herein to the contrary, upon the occurrence of a Vesting Event, all Options that are outstanding on the date of
      the Vesting Event shall become exercisable on such date (whether or not previously vested).</div>
    <div style="text-indent: 36pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">8</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Term of Options</u>.&#160;&#160; No Option shall have a term in excess of 10 years measured from the Date of Grant of such Option.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Procedure for Exercise</u>.&#160;&#160; An Option shall be deemed to be exercised when written notice of such exercise has been given to the Administrator in accordance with the terms of the Option Agreement by the
      person entitled to exercise the Option and full payment of the applicable Exercise Price for the Share being exercised has been received by the Administrator. Full payment may consist of any consideration and method of payment allowable under
      Subsection (a)(iii) above. In the event of a broker assisted cashless exercise, the broker shall not be deemed to be an agent of the Administrator.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Effect of Termination of Service</u>.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Termination of Service</u>.&#160;&#160; Upon termination of an Optionee&#8217;s Service, other than due to death, Disability, or Cause, the Optionee may exercise his/her Option, but only on or prior to
      the date that is three months following the Optionee&#8217;s Termination Date, and only to the extent that the Optionee was entitled to exercise such Option on the Termination Date (but in no event later than the expiration of the term of such Option, as
      set forth in the Notice of Stock Option Grant to the Option Agreement). If, on the Termination Date, the Optionee is not entitled to exercise the Optionee&#8217;s entire Option, the Shares covered by the unexercisable portion of the Option shall revert to
      the Plan. If, after termination of Service, the Optionee does not exercise his/her Option within the time specified herein, the Option shall terminate, and the Optioned Stock shall revert to the Plan.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Disability of Optionee</u>.&#160;&#160; In the event of termination of an Optionee&#8217;s Service due to his/her Disability, the Optionee may exercise his/her Option, but only on or prior to the date
      that is twelve months following the Termination Date, and only to the extent that the Optionee was entitled to exercise such Option on the Termination Date (but in no event later than the expiration date of the term of his/her Option, as set forth in
      the Notice of Stock Option Grant to the Option Agreement). To the extent the Optionee is not entitled to exercise the Option on the Termination Date, or if the Optionee does not exercise the Option to the extent so entitled within the time specified
      herein, the Option shall terminate, and the Optioned Stock shall revert to the Plan.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Death of Optionee</u>.&#160;&#160; In the event that an Optionee should die while in Service, the Optionee&#8217;s Option may be exercised by the Optionee&#8217;s estate or by a person who has acquired the
      right to exercise the Option by bequest or inheritance, but only on or prior to the date that is twelve months following the date of death, and only to the extent that the Optionee was entitled to exercise the Option at the date of death (but in no
      event later than the expiration date of the term of his/her Option, as set forth in the Notice of Stock Option Grant to the Option Agreement). If, at the time of death, the Optionee was not entitled to exercise his/her entire Option, the Shares
      covered by the unexercisable portion of the Option shall immediately revert to the Plan. If after death, the Optionee&#8217;s estate or a person who acquires the right to exercise the Option by bequest or inheritance does not exercise the Option within the
      time specified herein, the Option shall terminate, and the Optioned Stock shall revert to the Plan.</div>
    <div style="text-indent: 36pt; margin-left: 36pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">9</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(iv)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Cause</u>. In the event of termination of an Optionee&#8217;s Service due to Cause, the Optionee&#8217;s Options shall terminate on the Termination Date.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(v)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;To the extent that the Company does not violate Section 409A of the Code, Section 402 of the Sarbanes-Oxley Act of 2002 or any regulations adopted pursuant thereto or Regulation O,
      promulgated by the Board of Governors of the Federal Reserve System (as determined by the Administrator in its sole discretion), the Administrator shall have complete discretion, exercisable either at the time an Option or SAR is granted or at any
      time while the Option or SAR remains outstanding, to:</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 72pt;">(A)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;extend the period of time for which the Option or SAR is to remain exercisable following the Optionee&#8217;s cessation of Service from the limited exercise period otherwise in effect for that
      Option or SAR to such greater period of time as the Administrator shall deem appropriate, but in no event beyond the expiration of the Option or SAR term; and/or</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 72pt;">(B)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;permit the Option or SAR to be exercised, during the applicable post-Service exercise period, not only with respect to the number of vested Shares for which such Option or SAR is
      exercisable at the time of the Optionee&#8217;s cessation of Service but also with respect to one or more additional installments in which the Optionee would have vested had the Optionee continued in Service.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Stockholder Rights</u>.&#160;&#160; Until the issuance (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company) of the stock certificate evidencing
      such Shares, no right to vote or receive dividends or any other rights as a stockholder shall exist with respect to the Optioned Stock, notwithstanding the exercise of the Option. The Company shall issue (or cause to be issued) such certificate
      promptly upon exercise of the Option. No adjustment will be made for a dividend or other right for which the record date is prior to the date the stock certificate is issued, except as provided in Section 12 below.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(g)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Non-transferability of Options</u>.&#160;&#160; Options may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent and distribution and
      may be exercised, during the lifetime of the Optionee, only by the Optionee. Notwithstanding the immediately preceding sentence, the Administrator may permit an Optionee to transfer any Award which is not an Incentive Stock Option to one or more of
      the Optionee&#8217;s immediate family members or to trusts established in whole or in part for the benefit of the Optionee and/or one or more of such immediate family members. For purposes of the Plan, (i) the term &#8220;immediate family&#8221; shall mean the
      Optionee&#8217;s spouse and issue (including adopted and step children) and (ii) the phrase &#8220;immediate family members or to trusts established in whole or in part for the benefit of the Optionee and/or one or more of such immediate family members&#8221; shall be
      further limited, if necessary, so that neither the transfer of an Award other than an Incentive Stock Option to such immediate family member or trust, nor the ability of a Optionee to make such a transfer shall have adverse consequences to the
      Company or the Optionee by reason of Section 162(m) of the Code.</div>
    <div style="text-indent: 36pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">10</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">7.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Incentive Stock Options</u>.&#160;&#160; The terms specified below shall be applicable to all Incentive Stock Options, and these terms shall, as to such Incentive Stock Options, supersede any conflicting terms in
      Section 6 above. Options which are specifically designated as Non-Statutory Stock Options when issued under the Plan shall not be subject to the terms of this Section.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Eligibility</u>.&#160;&#160; Incentive Stock Options may only be granted to Employees.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Exercise Price</u>.&#160;&#160; The Exercise Price of an Incentive Stock Option shall not be less than 100% of the Fair Market Value of a Share on the Date of Grant of such Option, except as otherwise provided for
      in Subsection (d) below.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Dollar Limitation</u>.&#160;&#160; In the case of an Incentive Stock Option, the aggregate Fair Market Value of the Optioned Stock (determined as of the Date of Grant of each Option) with respect to Options granted
      to any Employee under the Plan (or any other option plan of the Company or any Affiliate) that may for the first time become exercisable as Incentive Stock Options during any one calendar year shall not exceed the sum of&#8201; $100,000.&#160; To the extent the
      Employee holds two or more such Options which become exercisable for the first time in the same calendar year, the foregoing limitation on the exercisability of such Options as Incentive Stock Options shall be applied on the basis of the order in
      which such Options are granted. Any Options in excess of such limitation shall automatically be treated as Non-Statutory Stock Options.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>10% Stockholder</u>.&#160;&#160; If any Employee to whom an Incentive Stock Option is granted is a 10% Stockholder, then the Exercise Price shall not be less than 110% of the Fair Market Value of a Share on the
      Date of Grant of such Option, and the Option term shall not exceed five years measured from the Date of Grant of such Option.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Change in Status</u>.&#160;&#160; In the event of an Optionee&#8217;s change of status from Employee to Consultant or to Non-Employee Director, an Incentive Stock Option held by the Optionee shall cease to be treated as
      an Incentive Stock Option and shall be treated for tax purposes as a Non-Statutory Stock Option three months and one day following such change of status.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Approved Leave of Absence</u>.&#160;&#160; If an Optionee is on an approved leave of absence, and the Optionee&#8217;s reemployment upon expiration of such leave is not guaranteed by statute or contract, including
      Company policies, then on the 91st day of such leave any Incentive Stock Option held by the Optionee shall cease to be treated as an Incentive Stock Option and shall be treated for tax purposes as a Non-Statutory Stock Option.</div>
    <div style="text-indent: 36pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">11</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">8.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Restricted Stock Award</u>.&#160;&#160; Each Restricted Stock Award shall be evidenced by a Stock Award Agreement, in the form approved by the Administrator and may contain such provisions as the Administrator deems
      appropriate; provided, however, such Stock Award Agreement shall comply with the terms specified below.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Risk of Forfeiture</u>.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>General Rule</u>.&#160;&#160; Shares issued or units granted pursuant to a Restricted Stock Award shall initially be subject to a Risk of Forfeiture. The Risk of Forfeiture shall be set forth in
      the Stock Award Agreement, and shall comply with the terms specified below.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Lapse of Risk of Forfeiture</u>.&#160;&#160; The Risk of Forfeiture shall lapse as the Grantee vests in the Granted Stock or units. Subject to the limitations set forth in Section 13 of the
      Plan, the Grantee shall vest in the Granted Stock or units at such times and under such conditions as determined by the Administrator and set forth in the Stock Award Agreement. Notwithstanding the foregoing, upon the occurrence of a Vesting Event,
      the Grantee shall become 100% vested in those shares of Granted Stock or units that are outstanding on the date of the Vesting Event.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Forfeiture of Granted Stock</u>.&#160;&#160; Except as otherwise determined by the Administrator in its discretion, the Granted Stock or units that are subject to a Risk of Forfeiture shall
      automatically be forfeited and immediately returned to the Company on the Grantee&#8217;s Termination Date or the date on which the Administrator determines that any other conditions to the vesting of the Restricted Stock Award were not satisfied during
      the designated period of time.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Rights as a Stockholder</u>.&#160;&#160; Upon vesting of a Restricted Stock Award, the Grantee shall have the rights of a stockholder with respect to the voting of the vested shares of Granted Stock, subject to the
      conditions contained in the Stock Award Agreement.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Dividends</u>.&#160;&#160; The Stock Award Agreement may require or permit the immediate payment, waiver, deferral or investment of dividends or dividend equivalents paid on the Granted Stock.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Non-transferability of Restricted Stock Award</u>.&#160;&#160; Except as otherwise provided for in Section 14 of the Plan, Restricted Stock Awards may not be sold, pledged, assigned, hypothecated, transferred, or
      disposed of in any manner other than by will or by the laws of descent and distribution and may be exercised, during the lifetime of the Grantee, only by the Grantee. Notwithstanding the immediately preceding sentence, the Administrator may permit a
      Grantee to transfer any Award which is not an Incentive Stock Option to one or more of the Grantee&#8217;s immediate family members or to trusts established in whole or in part for the benefit of the Grantee and/or one or more of such immediate family
      members. For purposes of the Plan, (i) the term &#8220;immediate family&#8221; shall mean the Grantee&#8217;s spouse and issue (including adopted and step children) and (ii) the phrase &#8220;immediate family members or to trusts established in whole or in part for the
      benefit of the Grantee and/or one or more of such immediate family members&#8221; shall be further limited, if necessary, so that neither the transfer of an Award other than an Incentive Stock Option to such immediate family member or trust, nor the
      ability of a Grantee to make such a transfer shall have adverse consequences to the Company or the Grantee by reason of Section 162(m) of the Code.</div>
    <div style="text-indent: 36pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">12</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">9.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Performance Stock Award</u>.&#160;&#160; Each Performance Stock Award shall be evidenced by a Stock Award Agreement, in the form approved by the Administrator, and may contain such provisions as the Administrator
      deems appropriate; provided, however, such Stock Award Agreement shall comply with the terms specified below.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Risk of Forfeiture</u>.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>General Rule</u>.&#160;&#160; Shares issued or units granted pursuant to a Performance Stock Award shall initially be subject to a Risk of Forfeiture. The Risk of Forfeiture shall be set forth in
      the Stock Award Agreement, and shall comply with the terms specified below.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Lapse of Risk of Forfeiture</u>.&#160;&#160; The Risk of Forfeiture shall lapse as the Grantee vests in the Granted Stock or units. Subject to the limitations set forth in Section 13 of the
      Plan, the Grantee shall vest in or accelerate vesting in the Granted Stock or units, in whole or in part, if certain goals established by the Administrator are achieved over a designated period of time, but not in any event more than 10 years. At the
      discretion of the Administrator, the goals may be based upon the attainment of one or more business criteria (determined either in absolute terms or relative to the performance of one or more similarly situated companies or a published index covering
      the performance of a number of companies), including, without limitation, the following criteria: net income or other measures of profit; core pre-tax pre-provision revenue; core&#8201;&#8212;&#8201;pre-tax pre-provision earnings growth; return on average assets
      (&#8220;ROA&#8221;); cash ROA; return on average equity (&#8220;ROE&#8221;); cash ROE; diluted or basic earnings per share (&#8220;EPS&#8221;); cash EPS; stock price; total shareholder return; net charge-offs/total assets; non-performing assets/total assets; classified assets/(Tier I
      Capital + ALLL); net interest margin (&#8220;NIM&#8221;); NIM (tax equivalent); return on average tangible common equity; efficiency ratio; loan and lease growth; deposit growth; operating earnings; loan origination; capital ratios; adversely classified assets;
      nonaccrual loans; regulatory ratings; and pre-provision net revenue. Performance goals may be established on a Company-wide basis or with respect to one or more business units, business groups or divisions. When establishing performance goals, the
      Administrator may exclude (or make adjustments on account of) any or all &#8220;unusual or infrequently occurring&#8221; items as determined under U.S. generally accepted accounting principles (including, without limitation, the charges or costs associated with
      restructurings of the Company, discontinued operations, goodwill impairment and other unusual or infrequently occurring items), changes in applicable tax laws or accounting principles, or such other factors as the Administrator deems appropriate.
      Notwithstanding the foregoing, upon the occurrence of a Vesting Event, the Grantee shall become 100% vested in those shares of Granted Stock or units that are outstanding on the date of the Vesting Event, provided, however, that in the event of the
      death of a Participant, any outstanding Performance Awards (1) shall be deemed earned at the target level with respect to all open performance periods if death occurs during the performance period, and (2) shall be deemed earned at the actual
      performance level achieved if death occurs after the end of the performance period.</div>
    <div style="text-indent: 36pt; margin-left: 36pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">13</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Certification of Performance</u>.&#160;&#160; Following the completion of each performance period, the Administrator will determine whether the applicable performance goals have been met with
      respect to a given Grantee and, if they have, will so certify in writing and ascertain the amount of the applicable Performance Stock Award. No Performance Stock Awards will be paid for such performance period until such certification is made by the
      Administrator.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(iv)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Forfeiture of Granted Stock</u>.&#160;&#160; The Granted Stock or units that are subject to a Risk of Forfeiture shall automatically be forfeited and immediately returned to the Company on the
      Grantee&#8217;s Termination Date or the date on which the Administrator determines that any other conditions to the vesting of the Performance Stock Award, including performance goals, were not satisfied during the designated period of time.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Rights as a Stockholder</u>.&#160;&#160; Upon vesting of a Performance Stock Award, the Grantee shall have the rights of a stockholder with respect to the voting of the vested shares of Granted Stock, subject to
      the conditions contained in the Stock Award Agreement.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Dividends</u>.&#160;&#160; The Stock Award Agreement may require or permit the immediate payment, waiver, deferral or investment of dividends or dividend equivalents paid on Granted Stock.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Non-transferability of Performance Stock Award</u>.&#160;&#160; Except as otherwise provided for in Section 14 of the Plan, Performance Stock Awards may not be sold, pledged, assigned, hypothecated, transferred, or
      disposed of in any manner other than by will or by the laws of descent and distribution and may be exercised, during the lifetime of the Grantee, only by the Grantee. Notwithstanding the immediately preceding sentence, the Administrator may permit a
      Grantee to transfer any Award which is not an Incentive Stock Option to one or more of the Grantee&#8217;s immediate family members or to trusts established in whole or in part for the benefit of the Grantee and/or one or more of such immediate family
      members. For purposes of the Plan, (i) the term &#8220;immediate family&#8221; shall mean the Grantee&#8217;s spouse and issue (including adopted and step children) and (ii) the phrase &#8220;immediate family members or to trusts established in whole or in part for the
      benefit of the Grantee and/or one or more of such immediate family members&#8221; shall be further limited, if necessary, so that neither the transfer of an Award other than an Incentive Stock Option to such immediate family member or trust, nor the
      ability of a Grantee to make such a transfer shall have adverse consequences to the Company or the Grantee by reason of Section 162(m) of the Code.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">10.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Stock Appreciation Rights</u>.&#160;&#160; Each SAR shall be evidenced by a SAR Agreement, in the form approved by the Administrator and may contain such provisions as the Administrator deems appropriate; provided,
      however, that each SAR Agreement shall comply with the terms specified below.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Exercise Price</u>.&#160;&#160; The Exercise Price of a SAR shall be determined by the Administrator but shall not be less than 100% of the Fair Market Value of a Share on the Date of Grant of such SAR.</div>
    <div style="text-indent: 36pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">14</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Vesting</u>.&#160;&#160; Subject to the limitations set forth in Section 13 of the Plan, any SAR granted hereunder shall be exercisable and shall vest at such times and under such conditions as determined by the
      Administrator and set forth in the SAR Agreement. Notwithstanding anything herein to the contrary, upon the occurrence of a Vesting Event, all SARs that are outstanding on the date of the Vesting Event shall become exercisable on such date (whether
      or not previously vested).</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Term of SARs</u>.&#160;&#160; No SAR shall have a term in excess of 10 years measured from the Date of Grant of such SAR.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Non-transferability of SARs</u>.&#160;&#160; SARs may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent and distribution and may be
      exercised, during the lifetime of the Optionee, only by the Optionee. Notwithstanding the immediately preceding sentence, the Administrator may permit an Optionee to transfer any Award which is not an Incentive Stock Option to one or more of the
      Optionee&#8217;s immediate family members or to trusts established in whole or in part for the benefit of the Optionee and/or one or more of such immediate family members. For purposes of the Plan, (i) the term &#8220;immediate family&#8221; shall mean the Optionee&#8217;s
      spouse and issue (including adopted and step children) and (ii) the phrase &#8220;immediate family members or to trusts established in whole or in part for the benefit of the Optionee and/or one or more of such immediate family members&#8221; shall be further
      limited, if necessary, so that neither the transfer of an Award other than an Incentive Stock Option to such immediate family member or trust, nor the ability of a Optionee to make such a transfer shall have adverse consequences to the Company or the
      Optionee by reason of Section 162(m) of the Code.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Procedure for Exercise</u>.&#160;&#160; A SAR shall be deemed to be exercised when written notice of such exercise has been given to the Administrator in accordance with the terms of the SAR Agreement by the person
      entitled to exercise the SAR. Upon exercise of a SAR, the Optionee (or any person having the right to exercise the SAR after his or her death) shall receive an amount equal to the amount by which the Fair Market Value (on the date of surrender) of a
      Share exceeds the Exercise Price of such SAR. The Company shall pay this amount in the form of: (i) Common Stock; (ii) cash; or (iii) a combination of Common Stock and cash, as determined by the Administrator.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Effect of Termination of Service</u>.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Termination of Service</u>.&#160;&#160; Upon termination of an Optionee&#8217;s Service, other than due to death, Disability, or Cause, the Optionee may exercise his/her SARs, but only on or prior to
      the date that is three months following the Optionee&#8217;s Termination Date, and only to the extent that the Optionee was entitled to exercise such SARs on the Termination Date (but in no event later than the expiration of the term of such SAR, as set
      forth in the Notice of Stock Appreciation Rights Grant to the SAR Agreement). If, on the Termination Date, the Optionee is not entitled to exercise all of the Optionee&#8217;s SARs, then the Shares that pertain to the unexercisable SARs shall revert to the
      Plan. If, after termination of Service, the Optionee does not exercise his/her SARs within the time specified herein, the SARs shall terminate, and the Shares that pertain to the SARs shall revert to the Plan.</div>
    <div style="text-indent: 36pt; margin-left: 36pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">15</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Disability of Optionee</u>.&#160;&#160; In the event of termination of an Optionee&#8217;s Service due to his/her Disability, the Optionee may exercise his/her SARs, but only on or prior to the date
      that is twelve months following the Termination Date, and only to the extent that the Optionee was entitled to exercise such SARs on the Termination Date (but in no event later than the expiration date of the term of his/her SAR, as set forth in the
      Notice of Stock Appreciation Rights Grant to the SAR Agreement). To the extent the Optionee is not entitled to exercise the SARs on the Termination Date, or if the Optionee does not exercise the SARs to the extent so entitled within the time
      specified herein, the SARs shall terminate, and the Shares that pertain to the SARs shall revert to the Plan.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Death of Optionee</u>.&#160;&#160; In the event that an Optionee should die while in Service, the Optionee&#8217;s SARs may be exercised by the Optionee&#8217;s estate or by a person who has acquired the
      right to exercise the SARs by bequest or inheritance, but only on or prior to the date that is twelve months following the date of death, and only to the extent that the Optionee was entitled to exercise the SARs at the date of death (but in no event
      later than the expiration date of the term of his/her SAR, as set forth in the Notice of Stock Appreciation Rights Grant to the SAR Agreement). If, at the time of death, the Optionee was not entitled to exercise all of his/her SARs, the Shares that
      pertain to the unexercisable SARs shall immediately revert to the Plan. If after death, the Optionee&#8217;s estate or a person who acquires the right to exercise the SARs by bequest or inheritance does not exercise the SARs to the extent so entitled
      within the time specified herein, the SARs shall terminate, and the Shares that pertain to the SARs shall revert to the Plan.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(iv)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Cause</u>.&#160;&#160; In the event of termination of an Optionee&#8217;s Service due to Cause, the Optionee&#8217;s SARs shall terminate on the Termination Date.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">11.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Other Stock-Based or Cash-Based Awards</u>.&#160;&#160; The Administrator may grant other types of equity-based, equity-related or cash-based awards (including, without limitation, the grant or offer for sale of
      unrestricted Shares, bonus share awards and phantom share awards) (&#8220;Other Stock-Based or Cash-Based Awards&#8221;) in such amounts and subject to such terms and conditions as the Administrator may determine. The terms and conditions set forth by the
      Administrator in the applicable award agreement may relate to the achievement of performance goals, as determined by the Administrator at the time of grant. Such awards may entail the transfer of actual Shares to award recipients and may include
      awards designed to comply with or take advantage of applicable local laws of jurisdictions other than the United States.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">12.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Adjustments Upon Changes in Capitalization</u>.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Changes in Capitalization</u>.&#160;&#160; The limitations set forth in Sections 4 and 6 of the Plan, the number of Shares that pertain to each outstanding Award, and the Exercise Price of each Option and SAR shall
      be proportionately adjusted for any increase or decrease in the number of issued and outstanding Shares resulting from a stock split, reverse stock split, stock dividend, recapitalization, combination or reclassification of the Common Stock, any
      extraordinary cash dividend, or any other increase or decrease in the number of issued and outstanding Shares, effected without the receipt of consideration by the Company. Such adjustment shall be made by the Administrator, to the extent possible,
      so that the adjustment shall not result in an additional accounting expense, and so that the adjustment shall not result in any taxes to the Company or the Participant. The Administrator&#8217;s determination with respect to the adjustment shall be final,
      binding, and conclusive.</div>
    <div style="text-indent: 36pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">16</font></div>
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    </div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Dissolution or Liquidation</u>.&#160;&#160; In the event of the proposed dissolution or liquidation of the Company, the Administrator shall notify each Participant as soon as practicable prior to the effective date
      of such proposed transaction. In such event, the Administrator, in its discretion, may provide for a Participant to fully vest in his/her Option and SAR, and the Right of Forfeiture to lapse on his/her Granted Stock. To the extent it has not been
      previously exercised, an Award will terminate upon termination or liquidation of the Company.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Change in Control</u>.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Double-Trigger Treatment Upon Change in Control</u>.&#160;&#160; Unless otherwise determined by the Committee (or unless otherwise set forth in an employment agreement or a severance agreement or
      plan applicable to a Participant), if a Participant&#8217;s Service is terminated by the Company or any successor entity thereto without Cause or by the Participant for Good Reason, in each case upon or within twenty-four months after a Change in Control,
      each Award, including performance-based and time-based awards, granted to such Participant prior to such Change in Control shall become fully vested (including the lapsing of all restrictions and conditions) and, as applicable, exercisable as of the
      date of such termination of Service.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Determination of Performance Upon Change in Control</u>.&#160;&#160; As of the Change in Control date, any outstanding Performance Stock Awards shall (1) for awards that have a separate target
      and maximum performance level (x) be deemed earned at the target level with respect to all open performance periods if a Change in Control occurs within six months after the date of grant or (y) be deemed earned at the actual performance level as of
      the date of the Change in Control if a Change in Control occurs more than six months after the date of grant, and (2) for awards that do not have a separate target and maximum performance level, be deemed earned at the target performance level, and
      in all cases, the Performance Stock Awards will cease to be subject to any further performance conditions (and the number of Performance Stock Awards earned under this provision will be treated as the number of shares of Granted Stock that are
      outstanding, including for purposes of a subsequent Vesting Event) but will continue to be subject to time-based service vesting following the Change in Control in accordance with the original performance period.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">13.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Minimum Vesting</u>. All Awards shall be subject to a minimum vesting schedule of at least 12 months following the Date of Grant of the Award (including Performance Awards, which shall be subject to a
      minimum performance period of at least twelve months), provided, however, that vesting for all Awards may accelerate in connection with a Vesting Event. Notwithstanding the foregoing, up to 5% of the Shares available for grant under the Plan may be
      granted with a minimum vesting schedule that is shorter than that mandated in this Section 13.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">14.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Deferral of Stock Awards and SARs</u>.&#160;&#160; The Administrator, in its sole discretion, may permit a Grantee to defer his/her Stock Awards, and an Optionee to defer his/her SARs pursuant to the terms and
      conditions provided for in any deferred compensation plan of the Company as in effect from time to time. Notwithstanding the foregoing, to the extent an Award is determined to constitute a &#8220;deferral of compensation&#8221; within the meaning of Section
      409A, any such subsequent deferral shall be made in accordance with the terms of Code Section 409A(a)(4) and the regulations promulgated thereunder.</div>
    <div style="text-indent: 36pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">17</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">15.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>No Repricings or Reloads</u>.&#160;&#160; The Administrator may not take any action which would constitute a &#8220;repricing&#8221; of Options or other Awards (or cash buyback of underwater Options or other Awards) without
      the approval of the Company&#8217;s stockholders prior to effectiveness, including (i) any reduction in exercise price or cancellation of an Option or other Award in exchange for an Option or other Award with a lower exercise price or (ii) cancellation of
      an Option or other Award for cash or another grant if the exercise price of the Option or other Award is greater than the fair market value of the Shares subject to the Option or other Award at the time of cancellation. The Administrator may not
      grant any Awards with automatic reload features.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">16.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Share Escrow/Legends</u>.&#160;&#160; Unvested Shares issued under the Plan may, in the Administrator&#8217;s discretion, be held in escrow by the Company until the Participant&#8217;s interest in such Shares vests or may be
      issued directly to the Participant with restrictive legends on the certificates evidencing those unvested Shares.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">17.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Tax Withholding</u>.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;For corporate purposes, the Company&#8217;s obligation to deliver Shares upon the exercise of Options, deliver Shares or cash upon the exercise of SARs, or deliver Shares or remove any restrictive legends upon
      vesting of such Shares under the Plan shall be subject to the satisfaction of all applicable federal, state and local income and employment tax withholding requirements.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;To the extent permitted under Section 402 of the Sarbanes-Oxley Act of 2002 and the regulations adopted pursuant thereto, holders of Non-Statutory Stock Options or SARS, or unvested Shares under the Plan,
      have the right to use previously vested Shares in satisfaction of all or part of the Taxes incurred by such holders in connection with the exercise of their Non-Statutory Stock Options or SARs, or the vesting of their Shares. Such right includes:</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Stock Withholding:&#160;&#160; The election to have the Company withhold, from the Shares otherwise issuable upon the exercise of such Non-Statutory Stock Option or SAR, or the vesting of such
      Shares, a portion of those Shares with an aggregate Fair Market Value equal to the Taxes calculated using the maximum amount permitted to be withheld under applicable tax rules.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Stock Delivery:&#160;&#160; The election to deliver to the Company, at the time the Non-Statutory Stock Option or SAR is exercised or the Shares vest, one or more Shares previously acquired by such
      holder (other than in connection with the Option or SAR exercise, or Share vesting triggering the Taxes) with an aggregate Fair Market Value equal to the Taxes calculated using maximum amount permitted to be withheld under applicable tax rules.</div>
    <div style="text-indent: 36pt; margin-left: 36pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">18</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">18.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Effective Date and Term of the Plan</u>.&#160;&#160; The Plan (as amended and restated) was approved by the Board on March 19, 2021 and shall become effective upon stockholder approval of the Plan at the Company&#8217;s
      annual stockholder&#8217;s meeting on May 11, 2021. In the event that the Plan is not approved by stockholders at the Company&#8217;s annual stockholder&#8217;s meeting on May 11, 2021, then the Plan (as amended and restated) shall terminate but the Company will
      continue to be able to make grants under its 2017 SIP. Unless sooner terminated by the Administrator, the Plan shall continue until December 31, 2026. When the Plan terminates, no Awards shall be granted under the Plan thereafter. The termination of
      the Plan shall not affect any Shares previously issued or any Award previously granted under the Plan.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">19.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Time of Granting Awards</u>.&#160;&#160; The Date of Grant of an Award shall, for all purposes, be the date on which the Administrator makes the determination to grant such Award, or such other date as determined
      by the Administrator; provided, however, that any Award granted prior to the date on which the Plan is approved by the Company&#8217;s stockholders shall be subject to stockholder approval of the Plan. Notice of the determination shall be given to each
      Service Provider to whom an Award is so granted within a reasonable period of time after the date of such grant.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">20.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Amendment and Termination of the Plan</u>.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Amendment and Termination</u>.&#160;&#160; The Board may at any time amend, alter, suspend, or discontinue the Plan, but no amendment, alteration, suspension, or discontinuation shall be made which would impair the
      rights of any Participant under any grant theretofore made without his/her consent. In addition, to the extent necessary and desirable to comply with Section 422 of the Code (or any other applicable law or regulation, including the requirements of
      any stock exchange or national market system upon which the Common Stock is then listed), the Company shall obtain stockholder approval of any Plan amendment in such a manner and to such a degree as required.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Effect of Amendment and Termination</u>.&#160;&#160; Any such amendment or termination of the Plan shall not affect Awards already granted, and such Awards shall remain in full force and effect as if this Plan had
      not been amended or terminated, unless mutually agreed otherwise between the Participant and the Board, which agreement must be in writing and signed by the Participant and the Company.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In the event of a Change in Control, a Participant&#8217;s Award may be treated, to the extent determined by the Committee to be permitted under Section 409A of the Code, in accordance with one of the following
      methods as determined by the Committee in its sole discretion: (i) provide for the issuance of substitute awards that will substantially preserve the otherwise applicable terms of any affected Award previously granted under the Plan, as determined by
      the Committee in its sole discretion; (ii) cancel such Award for fair value (as determined in the sole discretion of the Committee) which, in the case of Options and SARs, may equal the excess, if any, of the value of the consideration to be paid in
      the Change in Control transaction to holders of the same number of shares of Common Stock subject to such Options or SARs over the aggregate Exercise Price of such Options or SARs, as the case may be; or (iii) provide that for a period of at least 20
      days prior to the Change in Control, any Options or SARs will be exercisable as to all shares of Common Stock subject thereto (but any such exercise will be contingent upon and subject to the occurrence of the Change in Control and if the Change in
      Control does not take place within a specified period after giving such notice for any reason whatsoever, the exercise will be null and void) and that any Options or SARs not exercised prior to the consummation of the Change in Control will terminate
      and be of no further force and effect as of the consummation of the Change in Control. In the event that the consideration paid in the Change in Control includes contingent value rights, earnout or indemnity payments or similar payments, then the
      Committee will determine if Awards settled under clause (ii) above are (a) valued at closing taking into account such contingent consideration (with the value determined by the Committee in its sole discretion) or (b) entitled to a share of such
      contingent consideration. For the avoidance of doubt, in the event of a Change in Control, the Committee may, in its sole discretion, terminate any Option or SAR for which the Exercise Price is equal to or exceeds the per share value of the
      consideration to be paid in the Change in Control transaction without payment of consideration therefor.</div>
    <div style="text-indent: 36pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">19</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">21.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Regulatory Approvals</u>.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The implementation of the Plan, the granting of any Awards and the issuance of any Shares upon the exercise of any granted Awards shall be subject to the Company&#8217;s procurement of all approvals and permits
      required by regulatory authorities having jurisdiction over the Plan, the Awards granted under it, and the Shares issued pursuant to it.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;No Shares or other assets shall be issued or delivered under the Plan unless and until there shall have been compliance with all applicable requirements of federal and state securities laws, including the
      filing and effectiveness of the Form S-8 registration statement (if required) for the Shares issuable under the Plan, and all applicable listing requirements of any stock exchange (or the Nasdaq Stock Market, if applicable) on which the Common Stock
      is then listed for trading (if any).</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">22.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>No Employment/Service Rights</u>.&#160;&#160; Nothing in the Plan shall confer upon the Participant any right to continue in Service for any period of specific duration or interfere with or otherwise restrict in
      any way the rights of the Company (or any Affiliate employing or retaining such person) or of the Participant, which rights are hereby expressly reserved by each, to terminate such person&#8217;s Service at any time for any reason, with or without cause.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">23.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Governing Law</u>.&#160;&#160; This Plan shall be governed by California law, applied without regard to conflict of laws principles.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">24.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Code Section 409A</u>.&#160;&#160; Awards under this Plan are intended to be exempt from Section 409A of the Code. Notwithstanding the foregoing, to the extent (x) an Award constitutes a &#8220;deferral of compensation&#8221;
      within the meaning of Section 409A of the Code, (y) the Grantee or Optionee is a &#8220;specified employee&#8221; as determined pursuant to Section 409A of the Code as of the date of his or her &#8220;separation from service&#8221; (within the meaning of Treasury Regulation
      1.409A-1(h)), and (z) any such Award cannot be settled or paid without subjecting the Grantee or Optionee to &#8220;additional tax&#8221;, interest or penalties under Section 409A of the Code, then any such settlement or payment that is payable during the first
      six months following the Grantee&#8217;s or Optionee&#8217;s &#8220;separation from service&#8221; shall be paid or provided to the Grantee or Optionee on the first business day of the seventh calendar month following the month in which his or her &#8220;separation from service&#8221;
      occurs or, if earlier, at his or her death. In addition, any settlement or payment of an Award that is subject to Section 409A of the Code upon a termination of Service that represents a &#8220;deferral of compensation&#8221; within the meaning of Section 409A
      of the Code shall only be settled or paid upon a &#8220;separation from service&#8221; within the meaning of Section 409A of the Code. If an Award includes a &#8220;series of installment payments,&#8221; the Participant&#8217;s right to the series of installment payments will be
      treated as a right to a series of separate payments and not as a right to a single payment.</div>
    <div style="text-indent: 36pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">20</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">25.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Limits on Awards to Non-Employee Directors</u>.&#160;&#160; No Non-Employee Director may be granted (in any calendar year) compensation with a value in excess of&#8201; $1,000,000, with the value of any equity-based
      awards based on the accounting grant date value of such award.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">26.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Repayment if Conditions Not Met</u>.&#160;&#160; If the Administrator determines that all terms and conditions of the Plan and a Participant&#8217;s Award agreement were not satisfied, and that the failure to satisfy
      such terms and conditions is material, then the Participant will be obligated to pay the Company immediately upon demand therefor, (i) with respect to an Option or SAR, an amount equal to the excess of the Fair Market Value (determined at the time of
      exercise) of the Shares that were delivered in respect of such exercised Option or SAR, as applicable, over the exercise price paid therefor, (ii) with respect to Stock Awards, an amount equal to the Fair Market Value (determined at the time such
      shares became vested) of such Stock Awards, in each case with respect to clauses (i) and (ii) of this Section 25, without reduction for any amount applied to satisfy withholding tax or other obligations in respect of such Award.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">27.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Right of Offset</u>.&#160;&#160; The Company will have the right to offset against its obligation to deliver Shares (or other property or cash) under the Plan or any Award agreement any outstanding amounts
      (including, without limitation, travel and entertainment or advance account balances, loans, repayment obligations under any Awards, or amounts repayable to the Company pursuant to tax equalization, housing, automobile or other employee programs)
      that the Participant then owes to the Company and any amounts the Administrator otherwise deems appropriate pursuant to any tax equalization policy or agreement. Notwithstanding the foregoing, if an Award provides for the deferral of compensation
      within the meaning of Section 409A of the Code, the Administrator will have no right to offset against its obligation to deliver Shares (or other property or cash) under the Plan or any Award agreement if such offset could subject the Participant to
      the additional tax imposed under Section 409A of the Code in respect of an outstanding Award.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">28.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Clawback/Recapture Policy</u>.&#160;&#160; Awards under the Plan will be subject to any clawback or recapture policy that the Company may adopt from time to time to the extent provided in such policy and, in
      accordance with such policy, may be subject to the requirement that the Awards be repaid to the Company after they have been distributed to the Participant.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">29.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>No Liability With Respect to Tax Qualification or Adverse Tax Treatment</u>.&#160; &#160; Notwithstanding anything to the contrary contained herein, in no event will the Company be liable to a Participant on
      account of an Award&#8217;s failure to (a) qualify for favorable United States or foreign tax treatment or (b) avoid adverse tax treatment under United States or foreign law, including, without limitation, Section 409A of the Code.</div>
    <div><br>
    </div>
  </div>
  <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">21</font>
    <hr style="height: 2px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>4
<FILENAME>ny20014593x5_ex23-1.htm
<DESCRIPTION>EXHIBIT 23.1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Broadridge Financial Solutions, Inc.
         Document created using Broadridge PROfile 23.9.1.5178
         Copyright 1995 - 2023 Broadridge -->
  </head>
<body style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;" bgcolor="#ffffff">
  <div>
    <hr style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade">
    <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 23.1</font><br>
    </div>
    <div><br>
      <div style="text-align: center; color: #333333; font-weight: bold;">Consent of Independent Registered Public Accounting Firm</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #333333;">
        <div style="text-align: left; color: #333333;">We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to the Amended and Restated Banc of California, Inc. 2018 Omnibus Stock Incentive Plan and Amended and
          Restated PacWest Bancorp 2017 Stock Incentive Plan of our reports dated February 27, 2023, with respect to the consolidated financial statements of Banc of California, Inc. and the effectiveness of internal control over financial reporting of
          Banc of California, Inc. included in its Annual Report (Form 10-K) for the year ended December 31, 2022, filed with the Securities and Exchange Commission.</div>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="color: rgb(51, 51, 51); font-style: normal;">/s/ Ernst &amp; Young LLP</div>
      <div><br>
      </div>
      <div style="color: #333333;">Irvine, California</div>
      <div style="color: #333333;">December 1, 2023
        <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
    </div>
  </div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.2
<SEQUENCE>5
<FILENAME>ny20014593x5_ex23-2.htm
<DESCRIPTION>EXHIBIT 23.2
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Broadridge Financial Solutions, Inc.
         Document created using Broadridge PROfile 23.9.1.5178
         Copyright 1995 - 2023 Broadridge -->
  </head>
<body style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;" bgcolor="#ffffff">
  <div>
    <hr style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade">
    <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 23.2</font><br>
    </div>
    <div><br>
      <div style="text-align: center; font-weight: bold;">Consent of Independent Registered Public Accounting Firm</div>
      <div>&#160;</div>
      <div>We consent to the use of our report dated February&#160;27,&#160;2023, with respect to the consolidated financial statements of PacWest Bancorp, and the effectiveness of internal control over financial reporting, incorporated herein by reference.</div>
      <div> <br>
      </div>
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z8c1c38f8c6a8470387b91471a258e35a" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 20%; vertical-align: top;">&#160;</td>
              <td style="width: 20%; vertical-align: top;">&#160;</td>
              <td style="width: 20%; vertical-align: top;">
                <div style="text-align: center;">/s/ KPMG LLP</div>
              </td>
              <td style="width: 20%; vertical-align: top;">&#160;</td>
              <td style="width: 20%; vertical-align: top;">&#160;</td>
            </tr>

        </table>
        <div> <br>
        </div>
        <div>Irvine, California<br>
          November 29, 2023<br>
        </div>
        <div>
          <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"> </div>
      </div>
    </div>
  </div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-FILING FEES
<SEQUENCE>6
<FILENAME>ny20014593x5_ex107.htm
<DESCRIPTION>EXHIBIT 107
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Broadridge Financial Solutions, Inc.
         Document created using Broadridge PROfile 23.9.1.5178
         Copyright 1995 - 2023 Broadridge -->
  </head>
<body style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;" bgcolor="#ffffff">
  <div>
    <div style="text-align: right; font-weight: bold;">
      <hr style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade">Exhibit 107</div>
    <div><br>
    </div>
    <div style="text-align: center;">Calculation of Filing Fee Tables</div>
    <div><br>
    </div>
    <div style="text-align: center;">FORM S-8</div>
    <div style="text-align: center;">(Form Type)</div>
    <div><br>
    </div>
    <div style="text-align: center;">Banc of California, Inc.</div>
    <div style="text-align: center;">(Exact Name of Registrant as Specified in its Charter)</div>
    <div><br>
    </div>
    <div style="text-align: center;">Newly Registered Securities</div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z82c9abdb6982471c95358bc796542237" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; width: 9.58%; text-align: center;">
            <div style="color: #000000;">Security</div>
            <div style="color: #000000;">Type</div>
          </td>
          <td style="border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; width: 15%; text-align: center;">
            <div style="color: #000000;">Security</div>
            <div style="color: #000000;">Class Title</div>
          </td>
          <td style="border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; width: 12.3%; text-align: center;">
            <div style="color: #000000;">Fee</div>
            <div style="color: #000000;">Calculation</div>
            <div style="color: #000000;">Rule</div>
          </td>
          <td style="border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; width: 13.07%; text-align: center;">
            <div style="color: #000000;">Amount</div>
            <div style="color: #000000;">Registered<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
          </td>
          <td style="border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; width: 11.35%; text-align: center;">
            <div style="color: #000000;">Proposed</div>
            <div style="color: #000000;">Maximum</div>
            <div style="color: #000000;">Offering</div>
            <div style="color: #000000;">Price Per</div>
            <div style="color: #000000;">Unit</div>
          </td>
          <td style="border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; width: 16.18%; text-align: center;">
            <div style="color: #000000;">Proposed</div>
            <div style="color: #000000;">Maximum</div>
            <div style="color: #000000;">Aggregate</div>
            <div style="color: #000000;">Offering</div>
            <div style="color: #000000;">Price</div>
          </td>
          <td style="border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; width: 10%; text-align: center;">
            <div style="color: #000000;">Fee</div>
            <div style="color: #000000;">Rate</div>
          </td>
          <td style="border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; width: 12.89%; text-align: center;">
            <div style="color: #000000;">Amount of</div>
            <div style="color: #000000;">Registration Fee</div>
          </td>
        </tr>
        <tr>
          <td style="border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; width: 9.58%; text-align: center;">
            <div style="color: #000000;">Equity</div>
          </td>
          <td style="border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; width: 15%; text-align: center;">
            <div style="color: #000000;">Common Stock, par value $0.01 per share (&#8220;Common Stock&#8221;)</div>
          </td>
          <td style="border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; width: 12.3%; text-align: center;">
            <div style="color: #000000;">Other</div>
          </td>
          <td style="border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; width: 13.07%; text-align: center;">
            <div style="color: #000000;">7,210,695<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup></div>
          </td>
          <td style="border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; width: 11.35%; text-align: center;">
            <div style="color: #000000;">12.13</div>
          </td>
          <td style="border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; width: 16.18%; text-align: center;">
            <div>87,465,730.40<sup style="color: rgb(0, 0, 0); vertical-align: text-top; line-height: 1; font-size: smaller;">(3)</sup></div>
          </td>
          <td style="border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; width: 10%; text-align: center;">
            <div style="color: #000000;">0.00014760</div>
          </td>
          <td style="border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; width: 12.89%; text-align: center;">
            <div style="color: #000000;">$12,909.95</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.58%; vertical-align: top; border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); text-align: center;">&#160;</td>
          <td colspan="4" style="border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; text-align: center;">
            <div style="color: #000000;">Total Offering Amounts</div>
          </td>
          <td style="border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; width: 16.18%; text-align: center;">
            <div style="color: #000000;">$87,465,730.40</div>
          </td>
          <td style="width: 10%; vertical-align: top; border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); text-align: center;">&#160;</td>
          <td style="border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; width: 12.89%; text-align: center;">
            <div style="color: #000000;">$12,909.95</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.58%; vertical-align: top; border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); text-align: center;">&#160;</td>
          <td colspan="4" style="border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; text-align: center;">
            <div style="color: #000000;">Total Fee Offsets</div>
          </td>
          <td style="width: 16.18%; vertical-align: top; border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); text-align: center;">&#160;</td>
          <td style="width: 10%; vertical-align: top; border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); text-align: center;">&#160;</td>
          <td style="border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; width: 12.89%; text-align: center;">
            <div style="color: #000000;">$0</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.58%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); text-align: center;">&#160;</td>
          <td colspan="4" style="border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; text-align: center;">
            <div style="color: #000000;">Net Fee Due</div>
          </td>
          <td style="width: 16.18%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); text-align: center;">&#160;</td>
          <td style="width: 10%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); text-align: center;">&#160;</td>
          <td style="border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0); vertical-align: top; width: 12.89%; text-align: center;">
            <div style="color: #000000;">$12,909.95</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z475413104af54938945f96d3f395067b" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 4%; vertical-align: top;">
            <div style="color: #000000;">(1)</div>
          </td>
          <td style="width: 96%; vertical-align: top;">
            <div style="color: #000000;">Pursuant to Rule 416(a) promulgated under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), the registration statement on Form S-8 (the &#8220;Registration Statement&#8221;) to which this exhibit relates shall also
              cover any additional shares of&#160; Common Stock that become issuable by reason of any stock dividend, stock split, recapitalization or other similar transaction that results in an increase in the number of outstanding shares of Common Stock</div>
          </td>
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          <td style="width: 4%; vertical-align: top;">
            <div style="color: #000000;">(2)</div>
          </td>
          <td style="width: 96%; vertical-align: top;">
            <div>Represents (i) 6,300,000 shares of Common Stock, issuable pursuant to awards that may be granted under the A&amp;R 2018 Plan, and (ii)<font style="color: #000000;"> 910,695 shares of Common Stock which may be issuable pursuant to awards
                that were outstanding under the PacWest Stock Plan at the Effective Time and that were assumed by Banc of California at the Effective Time, in accordance with, and subject to the terms and conditions of, an exception under Section 303A.08
                of the NYSE Listed Company Manual.</font></div>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 96%; vertical-align: top;">&#160;</td>
        </tr>
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            <div style="color: #000000;">(3)</div>
          </td>
          <td style="width: 96%; vertical-align: top;">
            <div><font style="color: #000000;">Estimated solely for the purpose of calculating the registration fee required by Section 6(b) of the Securities Act and calculated in accordance with Rules 457(c) and 457(h) promulgated thereunder. The
                aggregate offering price is the average of the high and low prices of Common Stock as reported on the New York Stock Exchange on </font>November 27<font style="color: #000000;">, 2023.</font></div>
          </td>
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