| To:   | Belvedere      Socal/ Jim Westfall and Mary Lynn Lenz                                             |
|-------|---------------------------------------------------------------------------------------------------|
| From: | PCBB/      Nino Petroni and Bryan Warner                                                          |
| Date: | May      12, 2009                                                                                 |
| Re:   | Belvedere      Socal – Proposed Second Amendment and Waiver Agreement Negotiated      Terms |

| 1.   | DSCR      Covenant violation is still waived for March 31, 2009 solely; March 31,      2009 Capitalization Covenant is waived, and March 31, 2009 Risk Based      Capital Covenant is waived. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | Conditions      precedent to this Proposed Amendment are (A) a $250,000.00 principal      payment reduction, (B) Borrower to deposit $800,000.00 into a non-interest      bearing  interest reserve account at PCBB where all loan      payments will be drawn from until the account is exhausted, and (C) Second      Amendment and Waiver Agreement negotiation and preparation fee of      $20,000.00 is paid. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | Borrower’s      required $2,000,000.00 or $2,500,000.00 principal payment reduction as      described in the Previous Amendment in Section 2 (f) (vi) will be amended      to require a minimum aggregate $2,300,000.00 principal balance reduction      by September 18, 2010. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | The      Payment section revision in the Previous Amendment will be modified to      interest-only payments beginning June 2009 and continuing through June      2010.  Beginning September 2010, payments in the amount of      $300,000.00 plus interest will be due quarterly until Loan is paid in      full. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | Loan      shall continue to accrue interest at a rate of 3 month LIBOR plus 810      basis points until the Loan is paid in full.  However, Borrower      will be obligated to make a 3 month LIBOR plus 510 basis point interest      only payment beginning December 19, 2009 and ending September 17,      2010.  The 300 basis point differential will be deferred until      the September 18, 2010 payment, at which time all accrued unpaid interest      is due. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | Borrower      agrees to deliver 10,000 warrants per quarter to Lender so long as      interest only payments are in effect (minimum of 30,000      warrants).  The warrants shall allow Lender the right to      purchase Borrowers’ common stock, no par value at a strike price of      $0.01.  Warrants shall be detachable, have an anti-dilution      provision with a seven (7) yearlife. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 7.   | Borrower      will deliver to Lender, within fifteen (15) days of receipt, twenty-five      (25) percent of  all capital monies raised in Borrowers’ capital      raising efforts. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.   | The      Total Risk Based Capital Ratio (“TRBC Ratio”) appended in Section 2 (a) of      the Previous Amendment will be revised to require a minimum TRBC Ratio of      (A) 11% on September 30, 2009, and (B) 12% on December 31,      2009. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| By:    | /s/ Mary Lynn Lenz                       | By:    | /s/ James Westfall       |
|--------|------------------------------------------|--------|--------------------------|
|   | Mary      Lynn Lenz, President & CEO |   | James      Westfall, CFO |

| By:    | /s/ Nino Petroni           |   |
|--------|----------------------------|--------|
|   | Nino      Petroni, EVP/CCO |   |

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