EXHIBIT

ITEM 10(ii)A(7)

** **

Amendment to the Life Insurance Endorsement Method Split Dollar PlanAgreement

 

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**AMENDMENT**

**TOTHE LIFE INSURANCE ENDORSEMENT**

**METHODSPLIT DOLLAR PLAN AGREEMENT**

 

This Amendment, made and entered into this 16thday of August, 2001, by and between Monterey County Bank, a Bankorganized and existing under the laws of the State of California, hereinafterreferred to as the, “Bank”, and Charles T. Chrietzberg, Jr., a Key Employee andExecutive of the Bank, hereinafter referred to as the, “Executive”, shalleffectively amend the Life Insurance Endorsement Method Split Dollar PlanAgreement as specifically set forth herein.

 

1.)  The following “Insurer” and the “PolicyNumber” shall be added to page one (1) of said agreement:

 

Insurer:                  AlexanderHamilton

New York Life

Jefferson Pilot

 

Policy Number:     8658250

56600429

JP5209671

 

2.)  To delete Subparagraphs VI (A) and (B)entirely and replace said Subparagraphs with the following as Subparagraph VI(A):

 

A.)          Upon the death of the Insured, theInsured’s beneficiary(ies), designated in accordance with Paragraph III, shallbe entitled to the following amounts that correspond to the age of the Insuredat the time of death, or one-hundred percent (100%) of the net-at-riskinsurance portion of the life insurance proceeds of the respective policieslisted hereinbelow, whichever amount is less. The net-at-risk insurance portion is the total proceeds less the cashvalue of the policy.

 

i)                                         Theamount set forth in Exhibit A-1, attached hereto and fully incorporated hereinby reference, from insurance policies:

 

a.)            SouthlandLife                      0600087068

b.)           UnionCentral                       U200000615and U200000513; and

c.)            AlexanderHamilton             8658250; AND

 

ii)                                      Theamount set forth in Exhibit A-2, attached hereto and fully incorporated hereinby reference, from insurance policies:

 

a.)            New York Life                       56600429; and

b.)           Jefferson Pilot                       JP5209671

 

Allreferences in said Agreement shall be revised accordingly.

 

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3.)                                   Thefollowing language shall be deleted from Paragraph XV: “... and, therefore,upon the death of the Insured, the Insured’s beneficiary(ies) (designated inaccordance with Paragraph III) shall receive the death benefit provided hereinas if the Insured had died while employed by the Bank [See Subparagraphs VI (A)and (B)].”

 

This Amendment shall beeffective the 15th day of August, 2001.

 

To the extent that anyparagraph, term, or provision of the January 6, 2000**agreement is not specifically amended herein, or in any otheramendment thereto, said paragraph, term, or provision shall remain in fullforce and effect as set forth in said agreement.

 

IN WITNESS WHEREOF, theparties hereto acknowledge that each has carefully read this Amendment andexecuted the original thereof on the first day set forth hereinabove, and that,upon execution, each has received a conforming copy.

 
|            | **MONTEREY COUNTY BANK**     |
|-----------------|------------------------------|
|            | Monterey, California         |
|            |                         |
| /s/ Dorina Chan |                         | By: |  /s/ Bruce N. Warner  Sr. Vice President |   |
| Witness         | Title                        |   |
|            |                         |
| /s/ Dorina Chan |                         | /s/ Charles T.  Chrietzberg, Jr. |   |
| Witness         | Charles T. Chrietzberg,  Jr. |
|                 |                              |  |  |  |  |

 

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**EXHIBIT A-1**

** **

*(forCharles T. Chrietzberg, Jr.)*

* *
| **Age of Insured at the   Time of Death** |   | **Amount of Death Benefit, or 100%   of the net-at-risk, whichever amount is less** |
|-------------------------------------------|--------|-------------------------------------------------------------------------------------|
| 60                                        |   | $                                                                                   | 1,440,000 |
| 61                                        |   | 1,440,000                                                                           |
| 62                                        |   | 1,440,000                                                                           |
| 63                                        |   | 1,440,000                                                                           |
| 64                                        |   | 1,440,000                                                                           |
| 65                                        |   | 1,000,000                                                                           |
| 66                                        |   | 1,000,000                                                                           |
| 67                                        |   | 1,000,000                                                                           |
| 68                                        |   | 1,000,000                                                                           |
| 69                                        |   | 1,000,000                                                                           |
| 70                                        |   | 1,000,000                                                                           |
| 71                                        |   | 1,000,000                                                                           |
| 72                                        |   | 1,000,000                                                                           |
| 73                                        |   | 1,000,000                                                                           |
| 74                                        |   | 1,000,000                                                                           |
| 75                                        |   | 1,000,000                                                                           |
| 76                                        |   | 1,000,000                                                                           |
| 77                                        |   | 1,000,000                                                                           |
| 78                                        |   | 1,000,000                                                                           |
| 79                                        |   | 1,000,000                                                                           |
| 80                                        |   | 1,000,000                                                                           |
| 81                                        |   | 1,000,000                                                                           |
| 82                                        |   | 1,000,000                                                                           |
| 83                                        |   | 1,000,000                                                                           |
| Age 84 or older                           |   | 1,000,000                                                                           |

 
| **Policies:**         |   | **Policy Number:** |
|-----------------------|--------|--------------------|
| 1) Southland Life     |   | 0600087068         |
| 2) Union Central      |   | U200000615         |
| 3) Union Central      |   | U200000513         |
| 4) Alexander Hamilton |   | 8658250            |

 

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**EXHIBIT A-2**

** **

*(forCharles T. Chrietzberg, Jr.)*

 
| **Age of Insured at the   Time of Death** |   | **Amount of Death Benefit, or 100%   of the net-at-risk, whichever amount is less** |
|-------------------------------------------|--------|-------------------------------------------------------------------------------------|
| 60                                        |   | $                                                                                   | 1,500,000 |
| 61                                        |   | 1,500,000                                                                           |
| 62                                        |   | 1,500,000                                                                           |
| 63                                        |   | 1,500,000                                                                           |
| 64                                        |   | 1,500,000                                                                           |
| 65                                        |   | 1,500,000                                                                           |
| 66                                        |   | 1,500,000                                                                           |
| 67                                        |   | 1,494,118                                                                           |
| 68                                        |   | 1,491,175                                                                           |
| 69                                        |   | 1,486,506                                                                           |
| 70                                        |   | 807,157                                                                             |
| 71                                        |   | 750,742                                                                             |
| 72                                        |   | 744,984                                                                             |
| 73                                        |   | 731,249                                                                             |
| 74                                        |   | 722,617                                                                             |
| 75                                        |   | 713,595                                                                             |
| 76                                        |   | 709,537                                                                             |
| 77                                        |   | 695,233                                                                             |
| 78                                        |   | 680,565                                                                             |
| 79                                        |   | 673,313                                                                             |
| 80                                        |   | 664,438                                                                             |
| 81                                        |   | 654,198                                                                             |
| 82                                        |   | 642,120                                                                             |
| 83                                        |   | 628,183                                                                             |
| Age 84 or older                           |   | 612,459                                                                             |

 
| **Policies:**      |   | **Policy Number:** |
|--------------------|--------|--------------------|
| 1) New York Life   |   | 56600429           |
| 2) Jefferson Pilot |   | JP5209671          |

 

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