**Exhibit 10.3**

 
| * * | * *             | *559/449-9400* |
|----------|----------------------|----------------|
| * * | *Fax*                | *559/449-9493* |
|     | *URL  www.nawes.com* |

 

 
| July 11, 2005            |   | 7429 N. First Street |
|--------------------------|--------|----------------------|
|                     |   | Suite 104            |
|                     |   | Fresno, CA 93720     |
| Coast National Bank      |   |
| Ms. Davina Palazzo       |   |
| Executive Vice President |   |
| 500 Marsh Street         |   |
| San Luis Obispo, CA      |   |

 

Re: Office Space / Fresno, CA

 

Dear Ms. Palazzo:

 

In regard to Coast National Bank (CNB) procuring temporary office spacein Fresno, California, NAI Commercial Pacific (NAI), has agreed with youremployee, Mr. Patrick Durkin to enter into a month-to-month office useagreement.

 

The terms of the agreement are as follows:

 

1.     Space:One individual private office within the rental space of NAI Commercial Pacific’sFresno office.

 

2.     Location:7429 N. First St., Suite 104, Fresno, CA 93720

 

3.     Term:  Month-to-month but in no event to be lessthan six (6) months in duration with the opportunity to extend term with theconsent of both parties.

 

4.     Rent:The rental rate shall be $1,300.00 per month in advance with zero deposit.

 

5.     Othermatters:  Coast National Bank shall havethe right to use all facilities within the office space including conferenceroom, copier, fax capabilities and coffee service within normal and customaryuses. NAI Commercial Pacific will provide telephone with separate direct line.  Telephone local calls will be at no cost toCNB but all long distance will be charged back. NAI will provide five (5) days per week janitorial services and pay allutility charges associated with rental space.

 

We look forward to having Mr. Durkin in the office and look forward toa good relationship.  Please let us knowthe commencement date for our files.

 
| Sincerely,                 |
|----------------------------|
| NAI Commercial Pacific     |
|                       |
|                       |
| /s/ Gary C. Mathias        |   |   |
| Gary C. Mathias, President |   |
|                       |   |
| **AGREED AND APPROVED**    | ** ** |
| ** **                 | ** ** |
| ** **                 | ** ** |
| BY:                        | /s/ Davina Palazzo |   | DATE: | 7/13/05 |   |
|                       | Davina Palazzo |   |   |
|                       | Executive Vice President |   |   |
|                       |   |
|                       |   |
| BY:                        | /s/ Patrick Durkin, V. P. |   | DATE: | 7/13/05 |   |
|                       | Patrick Durkin, V. P. |   |   |
|                       | Business Development Officer |   |   |
|                            |  |  |  |  |  |  |

 
| [ILLEGIBLE]                                 |   | *The United State* | * * | *Mexico* | * * | *Canada* | * * | *South America* | * * | *Europe* |
|---------------------------------------------|--------|--------------------|----------|----------|----------|----------|----------|-----------------|----------|----------|
| COMMERCIAL  REAL ESTATE SERVICES WORLDWIDE. |        |
|                                             |        |                    |          |          |          |          |          |                 |          |          |  |

 

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