**Exhibit 10.(ii)A(11)**

 

**FIRSTAMENDMENT**

**TO THE**

**MONTEREYCOUNTY BANK**

**SUPPLEMENTAL****LIFE INSURANCE AGREEMENT**

**FORCHARLES T. CHRIETZBERG**

 

THIS AMENDMENT is adopted this 31st**day of October, 2006, by and between byand between MONTEREY COUNTY BANK located in Monterey, California (the “Bank”),and CHARLES T. CHRIETZBERG (the “Executive”).

 

The Bank and the Executive executed theMONTEREY COUNTY BANK SUPPLEMENTAL LIFE INSURANCE AGREEMENT on October 26, 2006(the “Agreement”).

 

Under the terms of Article 11, the undersignedhereby amends, in part, the Agreement for the purpose changing the calculationof benefits to be paid thereunder.

 

*Section 1.1 of the Agreement shall be deletedin its entirety.*

 

*The followingSection 1.12a shall be added to the Agreement immediately following Section 1.12:*

 

1.12a      “Schedule A” means the schedule attachedto this Agreement and made a part hereof.

 

*Sections 2.2.1 and 2.2.2 of the Agreementshall be deleted in their entirety and replaced by the following:*

 

2.2.1        Death Prior to Separation from Service.If the Executive dies whileemployed by the Bank, the Executive’s Beneficiary shall be entitled to abenefit equal to the amount shown on Schedule A minus the benefit amount paidto the Executive’s beneficiary designated in Agreement 2.

 

2.2.2        Death After Separation from Service. If,pursuant to Article 3, the Executive has a Vested Insurance Benefit at the dateof death, the Executive’s Beneficiary shall be entitled to a benefit equal tothe amount shown on Schedule A minus the benefit amount paid to the Executive’sbeneficiary designated in Agreement 2. If the Executive has not achieved aVested Insurance Benefit on the date of death, the Beneficiary will not beentitled to a benefit under this Agreement.

 

**IN WITNESS OF THE ABOVE,**the Bank hereby consents to this First Amendment.

 
|        | **MONTEREY COUNTY BANK** |
|--------|--------------------------|
|   | ** **               |
|   | ** **               |
|   | **By**                   | illegible |
|   | **Title**                | Executive**Vice  President |
|        |                          |  |  |

 

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AMENDMENT TO

MONTEREY COUNTY BANK

SUPPLEMENTAL LIFE INSURANCEAGREEMENT

EXHIBIT A

 

*(for Charles Chrietzberg)*

 
| **Age of Insured at the  Time of Death** | ** ** | **Amount of Death Benefit, or 100%  of the Net Death Proceeds, whichever amount is less** | ** ** |
|------------------------------------------------------------------------|------------|------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|
| 60                                                                     | ** ** | $                                                                                                                                                          | 2,940,000  | ** ** |
| 61                                                                     | ** ** | $                                                                                                                                                          | 2,940,000  | ** ** |
| 62                                                                     |       | $                                                                                                                                                          | 2,940,000  |   |
| 63                                                                     |       | $                                                                                                                                                          | 2,940,000  |   |
| 64                                                                     |       | $                                                                                                                                                          | 2,940,000  |   |
| 65                                                                     |       | $                                                                                                                                                          | 2,500,000  |   |
| 66                                                                     |       | $                                                                                                                                                          | 2,500,000  |   |
| 67                                                                     |       | $                                                                                                                                                          | 2,496,686  |   |
| 68                                                                     |       | $                                                                                                                                                          | 2,493,768  |   |
| 69                                                                     |       | $                                                                                                                                                          | 2,489,057  |   |
| 70                                                                     |       | $                                                                                                                                                          | 1,809,170  |   |
| 71                                                                     |       | $                                                                                                                                                          | 1,779,912  |   |
| 72                                                                     |       | $                                                                                                                                                          | 1,771,844  |   |
| 73                                                                     |       | $                                                                                                                                                          | 1,759,932  |   |
| 74                                                                     |       | $                                                                                                                                                          | 1,750,960  |   |
| 75                                                                     |       | $                                                                                                                                                          | 1,744,102  |   |
| 76                                                                     |       | $                                                                                                                                                          | 1,737,173  |   |
| 77                                                                     |       | $                                                                                                                                                          | 1,722,266  |   |
| 78                                                                     |       | $                                                                                                                                                          | 1,709,919  |   |
| 79                                                                     |       | $                                                                                                                                                          | 1,702,435  |   |
| 80                                                                     |       | $                                                                                                                                                          | 1,693,480  |   |
| 81                                                                     |       | $                                                                                                                                                          | 1,683,022  |   |
| 82                                                                     |       | $                                                                                                                                                          | 1,670,556  |   |
| 83                                                                     |       | $                                                                                                                                                          | 1,656,090  |   |
| 84 or Older                                                            |       | $                                                                                                                                                          | 1,639,629  |   |

 
| **Policies:**                    | ** ** | **Policy Number:** |
|----------------------------------|------------|--------------------|
|                             |       |               |
| 1)  Southland Life     |       | 0600087068         |
| 2)  Union Central      |       | U200000615         |
| 3)  Union Central      |       | U200000513         |
| 4)  Alexander Hamilton |       | 8658250            |
| 5)  New York Life      |       |               |
| 6)  Jefferson Pilot    |       |               |

 

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