EXHIBIT 10.4
BRIDGE BANK OF SILICON VALLEY (IN ORGANIZATION)
ORGANIZERS' ACKNOWLEDGEMENT OF LIABILITY ON LEASE AND
LETTER OF CREDIT
WHEREAS, the undersigned organizers (the "Organizers") have
been
provided with a lease for the premises
located at 2120 El Camino Real, Santa
Clara, California (the "Lease") to house
the original head office of Bridge Bank
of Silicon Valley (In Organization) (the
"Bank"); and
WHEREAS, it is usual for a bank in organization not to enter into
a
lease until after preliminary approval to
organize has been received and the
lease has been approved by all appropriate
regulators; and
WHEREAS, because of the scarcity of appropriate premises in the
Bank's
proposed marketing area, it is necessary
that the location at 2120 El Camino
Real, Santa Clara, California, be locked up
prior to receiving all necessary
regulatory approvals and accordingly it is
necessary that the Organizers
personally enter into the Lease pending
such approval; and
WHEREAS, it is proposed that the Lease by executed by Dr. Allan
Kramer
and/or Charles Lau on behalf of the Bank
and the Organizers; and
WHEREAS, the Lease to be executed on the subject property requires
a
$100,000 irrevocable Letter of Credit plus
$19,332.13 Security Deposit paid to
Landlord; and
WHEREAS, each Organizer listed in the signature lines below has
executed that certain Preincorporation
Agreement ("Organizers") dated March 3,
2000; and
WHEREAS, Section 5 of the Pre-incorporation Agreement provides
that
certain pre-opening expenditures, such as
the payment of rent, must be reviewed
by a majority of the members of the
Organizers; and
WHEREAS, Section 10 of the Pre-incorporation Agreement provides
that in
the event any note or other obligation of
the Organizers remains unpaid after
the undersigned receive all sums approved
by the OCC and/or the FDIC for payment
of pre-opening expenditures, each of the
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