| [X] | ANNUAL      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|-----|------------------------------------------------------------------------------------------------|

|   | For      the fiscal year ended December 31,      2007. |
|--------|--------------------------------------------------------|

| [  ] | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|----------------|----------------------------------------------------------------------------------------------------|

|   | For the transition period from         to ______  |
|--------|-----------------------------------------------------------------------|

| Title of each class               |   | Name of each exchange on which      registered |
|-----------------------------------|--------|------------------------------------------------|
| Common      Stock, (no par value) |   | None                                           |

----

| Item      9.  | Directors,      Executive Officers, Promoters, Control Persons and      Corporate Governance; Compliance with Section 16(a) of      the Exchange Act |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------|

| Item      10.  | Executive      Compensation |
|---------------------|-----------------------------|

| Item      11.  | Security      Ownership of Certain Beneficial Owners and Management,      and Related StockholderMatters |
|---------------------|---------------------------------------------------------------------------------------------------------------|

| Item      12.  | Certain      Relationships and Related Transactions, and Director      Independence |
|---------------------|-------------------------------------------------------------------------------------|

| Item      13.  | Exhibits |
|---------------------|----------|

| Item      14.  | Principal      Accountant Fees and Services |
|---------------------|---------------------------------------------|

----

| Name              | Age | Position/Background                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|-------------------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Alison      Davis | 45  | Director.      Ms. Davis is the Managing Partner of Belvedere Capital LLC, the      management company of the Fund, and a Managing Member of Belvedere Capital      Partners II LLC, the general partner of the Fund. Prior to joining      Belvedere in February 2004, Ms. Davis was the CFO of Barclays Global      Investors, the San Francisco-based institutional money management firm      with over $1.5 trillion of assets under management, and operations in      North America, Europe and Asia since 2000. Ms. Davis began her career      with McKinsey and Company in 1984 and joined A.T. Kearney in 1993 as a      leader of the Global Financial Institutions Group in New York and later in      San Francisco where she also took on the role of West Coast Practice      Leader. Ms. Davis is a Director of First Data Corporation, Broadlane,      Les Concierges, Presidio Bank, Hometown Commercial Capital, and      Benefitstreet. Ms. Davis holds a B.A. with honors and a Masters      degree from Cambridge University in England, and a combined M.B.A. from      Harvard Business School and Stanford Graduate School of      Business. |

----

| Jae      H. Lim | 36 | Director.      Mr. Lim is a Principal of Belvedere Capital LLC, and a Member of      Belvedere Capital Partners II LLC. Prior to joining Belvedere,      Mr. Lim was with McKinsey and Company in New York and Seoul, Korea,      focusing on the financial services sector. Prior to McKinsey, Mr. Lim      was an investment banker with Goldman Sachs and Smith Barney where he      specialized in financial services, specialty retail and technology      sectors. He was also with Transamerica Corporation, as part of a      five-person strategy and corporate development group reporting directly to      the CEO. Mr. Lim is a member of the Board of Directors of Green      Bancorp. Mr. Lim holds an M.B.A. from the University of Chicago and      an A.B. in Economics and Political Science from Stanford      University. |
|-----------------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Alan      Lane | 45 | Director,      Executive Chairman. Mr. Lane is currently Executive Chairman of the      Boards of SoCal and Professional Business Bank.  He has over 25      years of corporate and financial institution leadership experience. He      joined Belvedere in 2007. He formerly held the positions of Director,      President and Chief Operating Officer of Southwest Community Bancorp a      $650M company from 2005 to 2006; Vice-Chairman and Chief Executive Officer      of Financial Data Solutions, Inc. from 2004 to 2005; and President and      Chief Executive Officer of Business Bank of California, a $700 million      commercial bank with fifteen branches in northern and southern California      from 1998 to 2004. Mr. Lane is a Senior Advisor to the Fund.      Mr. Lane holds a B.A. in Economics from San Diego State University.      Mr. Lane currently serves as Chief Financial Officer and a member of the      Board of Trustees of John Paul the Great Catholic    University. |
|----------------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| William      Baribault | 62 | Director,      President and Chief Executive Officer. Mr. Baribault is President and      Chief Executive Officer of SoCal.  Prior to its acquisition by      SoCal, he was the Chairman of Professional Business Bank and has been      active in the La Canada and Pasadena area for 25 years. He is the Vice      Chairman of the Board of Directors of Henry Company, a manufacturer of      roofing and related building products. Mr. Baribault led the      turnaround of Henry Company beginning January 2001 and in April 2005      facilitated the sale of the company to an elite private equity fund. From      1975 until 1998 Mr. Baribault consolidated seven companies in the      fluid power sector to form the largest distributor and systems integrator      of pneumatic and hydraulic automation products in the eight-state Western      U.S. Region. The resulting consolidated companies were sold to a NYSE      company in 1998. From 1998 to 2000, Mr. Baribault was a principal of      Eagle Associates and President of Oakwood Enterprises, business consulting      and investment firms. As a consultant he worked with many private and      public organizations to assist in focusing their strategic, financial,      operational, and marketing enterprises. Mr. Baribault is a member of      Chief Executives Organization and serves on a variety of for-profit and      non-profit boards. Mr. Baribault holds a B.A. degree from Stanford      University. |
|------------------------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Larry      Tashjian | 53 | Director.      Mr. Tashjian is a director of Professional Business Bank and is the      founder, President and CEO of CAM Capital Advisors, an opportunistic      value-based manager in all asset classes. Prior to starting CAM Capital      Advisors, he was Chief Executive Officer of Provident Investment Counsel      (PIC), a Pasadena-based investment company that specializes in growth      stocks across all capitalizations. During his time with PIC (1981-2005),      Mr. Tashjian was an integral part of PIC’s growth. In 1995, he was      intimately involved in the sale of PIC to United Asset Management, a New      York Stock Exchange-listed company. He would go on to serve on its board      of directors. At the time of the sale, PIC was one of the largest money      management acquisitions in the history of the industry. Near the end of      2000, United Asset Management was acquired by Old Mutual PLC (OM) the      largest and oldest financial institution in South Africa. With PIC once      again on the move, Mr. Tashjian was, again, instrumental in      negotiating a successful monetary transaction for the principals of PIC      for a change in corporate governance. Prior to joining PIC,      Mr. Tashjian worked for the Bank of America, both in retail banking      and Corporate Finance. His professional career in investment management      spans almost 30 years. |
|---------------------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Name                |   | Position/Background                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|---------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Norman      Broyer  | 64     | Mr. Broyer      is Professional Business Bank’s President, Chief Risk Officer and Chief      Credit Officer as well as Spectrum Bank’s President and Chief Risk      Officer.  He brings over 35 years of commercial bank lending and      real estate industry experience to Professional Business Bank.      Mr. Broyer began his banking career at Union Bank, followed by      subsequent positions in lending and credit administration at several      Southern California community and regional banks. He joined Professional      Business Bank in 2001, as a Chief Credit Officer, and has served as      President and Chief Executive Officer since 2005. Mr. Broyer holds a      Bachelor of Science degree in Business Administration from the University      of California, Berkeley. |
|                |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Michael      McCall | 53     | Mr. McCall      is Chief Financial Officer of SoCal and Professional Business      Bank.  He has over 25 years of financial institution leadership      experience. Prior to joining Professional Business Bank, Mr. McCall      was controller of American Savings Bank, a $20 billion thrift, and of      Sanwa Bank of California, a $5 billion bank. He has also held senior      finance and accounting positions at Wells Fargo Bank and Security Pacific      Bank and was a senior manager in KPMG’s financial institutions audit      practice. Mr. McCall is a certified public accountant licensed in the      state of California.                                                                                                                                                              |

----

----

| Name      and Principal Position      | Year     | Salary      ($)        (1) | Bonus      ($)        (2) | StockAwards      ($)       (3) | OptionAwards($)      (4) | Non-EquityIncentive      PlanCompensation($)     (5) | Change      inPensionValue      andNonqualifiedDeferredCompensationEarnings($) (6) | All      OtherCompensation($)      (7) | Total($)       (8) |
|---------------------------------------|----------|--------------------------------------------------------------------|-------------------------------------------------------------------|-------------------------------------------------------------------|--------------------------------------------------------|-------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------|----------------------------------------------------------------------|-------------------------------------------------------|
| Alison      DavisCEO                  | 2007     | $0                                                                 | $0                                                                | $0                                                                | $0                                                     | $0                                                                            | $0                                                                                      | $0                                                                   | $0                                                    |
| 2006                                  | $0       | $0                                                                 | $0                                                                | $0                                                                | $0                                                     | $0                                                                            | $0                                                                                      | $0                                                                   |
|                                  |     |                                                               |                                                              |                                                              |                                                   |                                                                          |                                                                                    |                                                                 |
| Michael      McCallCFO                | 2007     | $184,000                                                           | $0                                                                | $0                                                                | $82,771                                                | $107,500                                                                      | $0                                                                                      | $12,813                                                              | $387,084                                              |
| 2006                                  | $40,000  | $0                                                                 | $0                                                                | $2,854                                                            | $19,635                                                | $0                                                                            | $1,800                                                                                  | $64,289                                                              |
|                                  |     |                                                               |                                                              |                                                              |                                                   |                                                                          |                                                                                    |                                                                 |
| Alan      LaneExecutive      Chairman | 2007     | $18,462                                                            | $0                                                                | $0                                                                | $0                                                     | $0                                                                            | $0                                                                                      | $900                                                                 | $19,362                                               |
| 2006                                  | $0       | $0                                                                 | $0                                                                | $0                                                                | $0                                                     | $0                                                                            | $0                                                                                      | $0                                                                   |
|                                  |     |                                                               |                                                              |                                                              |                                                   |                                                                          |                                                                                    |                                                                 |
| Jae      LimPresident                 | 2007     | $0                                                                 | $0                                                                | $0                                                                | $0                                                     | $0                                                                            | $0                                                                                      | $0                                                                   | $0                                                    |
| 2006                                  | $0       | $0                                                                 | $0                                                                | $0                                                                | $0                                                     | $0                                                                            | $0                                                                                      | $0                                                                   |
|                                  |     |                                                               |                                                              |                                                              |                                                   |                                                                          |                                                                                    |                                                                 |
| Norman      BroyerCEO      PBB        | 2007     | $191,750                                                           | $0                                                                | $0                                                                | $56,674                                                | $123,750                                                                      |  $0                                                                                | $10,395                                                              | $382,569                                              |
| 2006                                  | $166,875 | $0                                                                 | $0                                                                | $53,645                                                           | $35,474                                                |  $0                                                                      | $10,620                                                                                 | $266,614                                                             |
|                                  |     |                                                               |                                                              |                                                              |                                                   |                                                                          |                                                                                    |                                                                 |

----

| Term:  | October      31, 2008 |
|-------------|-----------------------|

| Salary:  | $160,000,      subject to increases |
|---------------|-------------------------------------|

| Bonus:  | Considered      by the Board of Directors on a discretionary  basis |
|--------------|---------------------------------------------------------------------|

| Stock      Option Grant: | 12,500      Professional Business Bank common stock options granted October 23,      2006 |
|--------------------------|-------------------------------------------------------------------------------------------|

| Auto      Allowance:   | $600      per month |
|----------------------------------|---------------------|

| Severance: | Upon      termination without cause, 12 months salary and 12 months paid group      healthcare coverage. |
|------------|----------------------------------------------------------------------------------------------------------|

| Change      in Control: | Upon      termination after change in control, a lump sum equal to 24 months      salary |
|-------------------------|------------------------------------------------------------------------------------------|

----

| Term:  | 3      years from November 23, 2007 |
|-------------|-------------------------------------|

| Salary:  | $225,000 |
|---------------|----------|

| Bonus:  | 30%      of salary |
|--------------|--------------------|

| Auto      Allowance: | $600      per month |
|----------------------|---------------------|

| Stock      Option Grants: | .60%      of SoCal common stock outstanding as of the close of the Spectrum Bank      merger (January 31, 2008), along with .60% of the increase in SoCal’s      common stock resulting from the close of any acquisition within 18 months      of the effective date of the employment  agreement. |
|---------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Severance: | Upon      termination without cause, a lump sum equal to 1 year salary plus prorated      target annual bonus and 12 months paid group healthcare      coverage. |
|------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Term:  | 5      years from November 23, 2007 |
|-------------|-------------------------------------|

| Salary:  | $180,000 |
|---------------|----------|

| Bonus:  | 25%      of salary |
|--------------|--------------------|

| Stock      Option Grants: | 2.50%      of SoCal common stock outstanding as of the close of the Spectrum Bank      merger (January 31, 2008), along with 2.50% of the increase in SoCal’s      common stock resulting from the close of future    acquisitions. |
|---------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Severance: | Upon      termination without cause, a lump sum equal to 1 year salary plus prorated      target annual bonus and 12 months paid group healthcare      coverage. |
|------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Term:  | January      31, 2008 |
|-------------|-----------------------|

| Salary:  | $157,500,      subject to increases (salary      was      $225,000 at December 31,2007) |
|---------------|----------------------------------------------------------------------------------------------|

| Bonus:  | Considered      by the Board of Directors on a discretionary  basis |
|--------------|---------------------------------------------------------------------|

| Auto      Allowance:  | $750      per month |
|----------------------------|---------------------|

| Severance: | Upon      termination without cause, a lump sum equal to 12 months salary and 12      months paid group healthcarecoverage. |
|------------|-----------------------------------------------------------------------------------------------------------------------------|

| Change      in Control: | Upon      termination after change in control, a lump sum equal to 24 months      salary |
|-------------------------|------------------------------------------------------------------------------------------|

----

| Term:  | 3      years from March 7, 2008 |
|-------------|---------------------------------|

| Salary:  | $250,000 |
|---------------|----------|

| Bonus:  | 40%      of salary |
|--------------|--------------------|

| Auto      Allowance: | $600      per month |
|----------------------|---------------------|

| Stock      Option Grants: | .90%      of SoCal common stock outstanding as of the close of the Spectrum Bank      merger (January 31, 2008), along with .90% of the increase in SoCal’s      common stock resulting from the close of any acquisition within 18 months      of the effective date of the employment  agreement. |
|---------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Severance: | Upon      termination without cause, a lump sum equal to 1 year salary plus prorated      target annual bonus and 12 months paid group healthcare      coverage. |
|------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|                              | Option      Awards                                                                                  |
|-----------------------------------|-----------------------------------------------------------------------------------------------------|
| Name                              | Number      ofSecuritiesUnderlyingUnexercisedOptions(#)Exercisable     (1) | Number      ofSecuritiesUnderlyingUnexercisedOptions(#)Unexercisable     (2) | EquityIncentivePlanAwards:Number      ofSecuritiesUnderlyingUnexercisedUnearnedOptions(#) (3) | OptionExercisePrice($)        (4) | OptionExpirationDate         (5) |
| Alison      Davis CEO             | 0                                                                                                   | 0 | 0 | $0 |   |
| Michael      McCall CFO           | 10,875                                                                                              | 0 | 0 | $18.91 | 10/1/2016 |
| Jae      Lim President            | 0                                                                                                   | 0 | 0 | $0 |   |
| Alan      Lane Executive Chairman | 0                                                                                                   | 0 | 0 | $0 |   |
| Norman      Broyer CEO PBB        | 7,612                                                                                               | 0 | 0 | $20.69 | 5/1/2015 |

----

----

| Name                   | FeesEarnedor      Paidin      Cash($)   (1) | StockAwards($)     (2) | OptionAwards($)     (3) | Non-EquityIncentive      PlanCompensation($)    (4) | Change      inPensionValue      andNonqualifiedDeferredCompensationEarnings (5) | All      OtherCompensation($)     (6) | Total($)      (7) |
|------------------------|------------------------------------------------------------|-------------------------------------------------|--------------------------------------------------|-------------------------------------------------------------------------|--------------------------------------------------------------------------------------|----------------------------------------------------------------|-------------------------------------------------|
| William      Baribault |  $0                                                   |  $0                                        |  $12,148                                    | $0                                                                      | $0                                                                                   | $0                                                             | $12,148                                         |
| Larry      Tashjian    |  $0                                                   |  $0                                        |  $12,148                                    | $0                                                                      | $0                                                                                   | $0                                                             | $12,148                                         |

| Plan      category                                              | Number      ofsecurities      to beissued      uponexercise      ofoutstandingoptions,      warrantsand      rights  (a) | Weighted-averageexercise      price ofoutstanding      options,warrants      and rights     (b) | Number      of securitiesremaining      availablefor      future issuanceunder      equitycompensation      plans(excluding      securitiesreflected      in column (a))  (c) |
|-----------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Equity      compensation plans approved by security holders     | 135,041                                                                                                                            | $15.21                                                                                                                   | 1,364,959                                                                                                                                                                               |
| Equity      compensation plans not approved by security holders | NA                                                                                                                                 | NA                                                                                                                       | NA                                                                                                                                                                                      |
| Total                                                           | 135,041                                                                                                                            | $15.21                                                                                                                   | 1,364,959                                                                                                                                                                               |

----

| Name and Address of Beneficial      Owner | Amount and Nature of Beneficial      Ownership | Percent of Class |
|-------------------------------------------|------------------------------------------------|------------------|
| Belvedere      Capital Fund II L.P.       | 2,429,184                                      | 73.04%           |

Security Ownership of Management

| Name      and Address of Beneficial Owner 2/              | Relationship      with Company                                                                                                | Amount      and Nature of Beneficial      Ownership 3/ | Percent      of Class4/ |
|-----------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------|-------------------------|
| William      Baribault                                    | President,      Chief Executive Officer and Director                                                                          | 28,931                                                 | 0.84%                   |
| Michael      McCall                                       | Chief      Financial Officer of SoCal and Chief Financial Officer of Professional      Business Bank ("PBB")                  | 10,875                                                 | 0.31%                   |
| Alan      Lane                                            | Executive      Chairman of the Boards of SoCal and PBB and Director                                                           | 9,787                                                  | 0.28%                   |
| Allison      Davis                                        | Director                                                                                                                      | 0                                                      | *                       |
| Larry      D. Tashjian                                    | Director                                                                                                                      | 47,696                                                 | 1.38%                   |
| Jae      H. Lim                                           | Director                                                                                                                      | 0                                                      | *                       |
| Norman      Broyer                                        | President,      Chief Risk Officer and Chief Credit Officer of PBB and President and Chief      Risk Officer of Spectrum Bank | 12,349                                                 | 0.36%                   |
| All      directors and officers of the Company as a group |                                                                                                                          | 109,638                                                | 3.17%                   |

| 1/ | As      used throughout this Amendment, the term “named executive officer” means      the President, Chief Executive Officer, the Chief Financial Officer of      SoCal as well as the President, Chief Risk Officer and Chief Credit      officer of PBB and Spectrum Bank. The Chairman of the Board and SoCal’s      other officers are not treated as executive officers of    SoCal. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2/ | The      address for all persons listed is c/o Belvedere SoCal, One Maritime Plaza,      Suite 825, San Francisco, California,94111. |
|----|--------------------------------------------------------------------------------------------------------------------------------------|

| 3/ | Except      as otherwise indicated in these notes, and subject to applicable community      property laws and shared voting and investment, includes shares held by      each person’s spouse (except where legally separated) and minor children;      shares held by a family trust as to which such person is a trustee with      sole voting and investment power (or shares power with a spouse); or      shares held in an Individual Retirement Account as to which such person      has pass-through voting rights and investment  power. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4/ | Includes      shares of Common Stock subject to stock options exercisable within 60 days      of disclosed date. |
|----|------------------------------------------------------------------------------------------------------------------|

----

----

| ExhibitNumber  |          Exhibit |   |
|---------------------|---------------------------------|--------|

| 3.1 | Articles      of Incorporation/1 |
|-----|----------------------------------|

| 3.2 | Bylaws/2 |
|-----|----------|

| 3.3 | Certificate      of Determination of Series A Non-Cumulative Perpetual      Preferred Stock /3 |
|-----|------------------------------------------------------------------------------------------------|

| 4.1 | Specimen      form of Belvedere stock      certificate/2 |
|-----|----------------------------------------------------------|

| 4.2 | Indenture,      dated as of January 31, 2008/4 |
|-----|------------------------------------------------|

| 4.3 | Amended      and Restated Declaration of Trust, dated as of January      31, 2008/4 |
|-----|-------------------------------------------------------------------------------------|

| 10.1 | Management      Agreement/2 |
|------|-----------------------------|

| 10.2 | Warrant      Agreement/2 |
|------|--------------------------|

| 10.3 | Employment      Agreement with Alan Lane, dated January 14, 2008* |
|------|-------------------------------------------------------------------|

| 10.4 | Employment      Agreement with Norman Broyer, dated March      10, 2008* |
|------|--------------------------------------------------------------------------|

| 10.5 | Business      Loan Agreement with Pacific Coast Bankers Bank,      dated March 18, 2008* |
|------|------------------------------------------------------------------------------------------|

| 10.6 | Promissory      Note with Pacific Coast Bankers Bank, dated      March 18, 2008* |
|------|----------------------------------------------------------------------------------|

| 10.7 | Commercial      Pledge Agreement with Pacific Coast Bankers      Bank, dated March 18,2008* |
|------|---------------------------------------------------------------------------------------------|

| 10.8 | Employment      Agreement with Michael McCall, dated November 23,      2007, as amended* |
|------|------------------------------------------------------------------------------------------|

| 14.1 | Belvedere      SoCal Code of Ethics* |
|------|--------------------------------------|

----

| 23.1 | Consent of Perry-Smith LLP* |
|------|-----------------------------|

| 23.2 | Consent      of Vavrinek, Trine, Day & Co.,LLP* |
|------|-----------------------------------------------------|

| 31.1  | Certification      of Chief Executive Officer pursuant to Rule  15d-14* |
|------------|-------------------------------------------------------------------------|

| 31.2  | Certification      of Chief Financial Officer pursuant to Rule  15d-14* |
|------------|-------------------------------------------------------------------------|

| 32.1  | Certification      pursuant to Rule 15d-14(b) and Section 1350 of      Chapter 63 of Title 18 of the United States  Code* |
|------------|---------------------------------------------------------------------------------------------------------------------------|

----

----

| /s/ Alan Lane          |   | Executive      Chairman of the  | April      29, 2008 |
|------------------------|--------|---------------------------------|---------------------|
| Alan      Lane         |   | Board,      Director            |                |
|                   |   |                            |                |
|                   |   |                            |                |
| /s/ William Baribault  |   | President,      Chief Executive | April      29, 2008 |
| William      Baribault |   | Officer,      and Director      |                |
|                   |   |                            |                |
|                   |   |                            |                |
| /s/ Jae H. Lim         |   | Director                        | April      29, 2008 |
| Jae      H. Lim        |   |                            |                |
|                   |   |                            |                |
|                   |   |                            |                |
| /s/ Alison Davis       |   | Director                        | April      29, 2008 |
| Alison      Davis      |   |                            |                |
|                   |   |                            |                |
|                   |   |                            |                |
| /s/ Larry D. Tashjian  |   | Director                        | April      29, 2008 |
| Larry      D. Tashjian |   |                            |                |