Summary of Principal Terms
Loan Transaction with Warrants
COMMAND CENTER, INC.
and
SONORAN PACIFIC RESOURCES, LLP

June 24, 2008

Maker (“Company”):
Command Center, Inc., a Washington corporation.
   
Holder:
Sonoran Pacific Resources, LLP, an Arizona limited liability partnership.
   
Promissory Note:
Company shall execute and deliver to Holder the Promissory Note in the form
attached hereto.
     
Two Million Dollars ($2,000,000.00).
Principal Amount:
     
Interest Rate:
Fifteen percent (15%) per annum. If not paid according to the terms of the
Promissory Note, the interest rate shall be two percent (2.0%) per month.
   
Warrants:
Command Center shall issue to Holder warrants for 1,000,000 shares of the
company’s common stock, $0.001 par value per share (the “Warrants”). Each
Warrant shall be convertible, at the option of the Holder, at any time before
July 1, 2011 into one share of the Company’s common stock, $0.001 par value per
share (“Common Stock”), at an initial conversion price equal to $0.45 per share,
subject to adjustment to reflect certain stock dividends, stock splits,
combinations or exchanges of shares, recapitalizations, or other changes in the
capital structure of the Company (the “Conversion Price”). If not previously
converted, the Warrants will expire on July 1, 2011.
   
Antidilution Provisions
 
The Conversion Price of the Warrants shall be adjusted to provide the Holder
with a full ratchet anti-dilution protection for any subsequent issuance by the
Company of shares of Common Stock (including upon issuance of any new class or
series of Preferred Stock or issuance or exchange of any other security
convertible into or exchangeable for shares of Common Stock) at a per-share
issue price below the Conversion Price. The foregoing provision shall not apply
to securities issued or issuable to (i) any broker, finder, lender, or placement
agent in connection with bank loans, financing transactions, or other capital
raising activities of the Company, or (ii) issuances to employees, directors,
agents, and consultants of the Company by authorization of the Company’s Board
of Directors.
 

 
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Advances:
 
The amount of $2,000,000 shall be advanced to Company on the first business day
following the date the Promissory Note is executed and delivered to Holder.
 
Repayment:
 
The principal balance shall be paid in five installments of $400,000 each
commencing on February 1, 2009 and continuing on the first of each month
thereafter through June 1, 2009. Interest shall be paid monthly so long as the
principal balance or any portion thereof remains outstanding.
 
 
The Company has represented to Holder that it has listed or is in the process of
listing real properties located in Kent, Washington and Yuma, Arizona for sale.
In the event either or both of these properties are sold prior to repayment in
full of the Promissory Note, the Company will apply the net proceeds of the sale
or sales to a reduction of the principal balance then due on the Promissory
Note.
 
Other Terms:
Confidentiality: This Summary of Principal Terms is being delivered by the
Company with the understanding and on the condition that neither it nor its
substance shall be disclosed publicly or privately except with the written
consent of the Company.
     
Governing Law and Jurisdiction: Arizona.

AGREED AND ACCEPTED:

COMMAND CENTER, INC.    

By: ____________________________________
Name: __________________________________
Title: ___________________________________
Date:_________________, 2008

SONORAN PACIFIC RESOURCES, LLP  

By: _____________________________________
Name: __________________________________
Title: ___________________________________
Date: _________________, 2008.

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