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| ·   | Annualized base salary: $665,000 |
|--------------------|----------------------------------|

| ·   | Annual Target Bonus: 50% of base; Maximum 100% of base.  For the remainder of 2009 and 2010, a Guaranteed Bonus is $250,000 or % actually earned, whichever is greater |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Auto allowance of $12,600 per year |
|--------------------|------------------------------------|

| ·   | Perquisite allowance annually of $10,000 |
|--------------------|------------------------------------------|

| ·   | Life Insurance with $600,000 death benefit, in addition to Company provided coverage at 2x’s salary |
|--------------------|-----------------------------------------------------------------------------------------------------------|

| ·   | Full executive relocation package including a special Transition Bonus of $85,000 |
|--------------------|-----------------------------------------------------------------------------------|

| ·   | Welcome Grant of Stock Appreciation Rights (SAR’s) currently valued at $500,000 (172,000 units valued at the current stock price of $5.50) |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Annual Grant of Equity awards.  Annual equity grants are made in the Spring of each year, and are structured in the same manner and subject to the same vesting requirements as are applicable to equity awards granted contemporaneously to other officers of similar standing.  The number of equity awards granted in any given year may adjust up or down based upon the approval of the Compensation Committee of the Board of Directors.  For purpose of illustration only and without any assurance that an equity award of similar value will be granted in the future, the values of the most recent annual awards for officers of similar standing ranged from approximately $400,000 to $600,000.  Neither the value nor the number of the equity awards comprising the annual grant are guaranteed by the Company. |
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| ·   | Supplemental Executive Retirement Plan |
|--------------------|----------------------------------------|

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| ·   | Having the customary closing costs paid through Primacy, therefore not requiring tax assistance |
|--------------------|-------------------------------------------------------------------------------------------------|

| ·   | Your eligibility to receive an equity advancement (once an offer has been received on the home you are selling) which will allow you to move quicker on the purchase of a new home |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Primacy will handle the closing on the home you are selling which would eliminate the need for you to return home for the closing process |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------|

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| cc: | Gale Varma |
|-----|------------|

|   | Terry Cheung, |
|--------|---------------|

|   | Director CHQ Compensation |
|--------|---------------------------|

|   | Tony Camoratto |
|--------|----------------|

|   | VP Business Service Center |
|--------|----------------------------|

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