Document:

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                                                                   EXHIBIT 10.59

                                                                Prepared 11-5-02

                                   PLUMAS BANK
                          DIRECTOR RETIREMENT AGREEMENT

         THIS AGREEMENT is adopted this 1st day of May, 2003, by and between
PLUMAS BANK, a California banking corporation located in Quincy, California (the
"Company") and THOMAS WATSON (the "Director").

                                  INTRODUCTION

         To encourage the Director to remain a member of the Company's Board of
Directors, the Company is willing to provide retirement benefits to the
Director. The Company will pay the benefits from its general assets.

                                    AGREEMENT

         The Director and the Company agree as follows:

                                    ARTICLE 1
                                   DEFINITIONS

         Whenever used in this Agreement, the following words and phrases shall
have the meanings specified:

         1.1      "Change of Control" means the transfer of shares of the
Company's voting common stock such that one entity or one person acquires (or is
deemed to acquire when applying Section 318 of the Code) more than 50 percent of
the Company's outstanding voting common stock.

         1.2      "Code" means the Internal Revenue Code of 1986, as amended.

         1.3      "Disability" means, if the Director is covered by a
Company-sponsored disability policy, total disability as defined in such policy
without regard to any waiting period. If the Director is not covered by such a
policy, Disability means the Director suffering a sickness, accident or injury
which, in the judgment of a physician who is satisfactory to the Company,
prevents the Director from performing substantially all of the Director's normal
duties for the Company. As a condition to receiving any Disability benefits, the
Company may require the Director to submit to such physical or mental
evaluations and tests as the Company's Board of Directors deems appropriate and
reasonable.

         1.4      "Effective Date" means May 1, 2003.

         1.5      "Normal Retirement Age" means the Director attaining age 65
and completing 15 Years of Service.

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         1.6      "Normal Retirement Date" means the later of the Normal
Retirement Age or Termination of Service.

         1.7      "Plan Year" means a twelve-month period commencing on October
1 and ending on September 30 of each year. The initial Plan Year shall commence
on the date of this Agreement.

         1.8      "Termination for Cause" shall be defined as set forth in
Article 5.

         1.9      "Termination of Service" means that the Director ceases to be
a member of the Company's Board of Directors for any reason whatsoever, other
than by reason of a leave of absence approved by the Company.

         1.10     "Years of Service" means the total number of calendar years
that the Director has served on the Company's Board of Directors. The Director
shall be credited with a year of service for each calendar year in which the
Director is serving on the Board of Directors on the first and last day of the
calendar year except that: (1) for the Director's initial service year, the
Director shall be credited with a Year of Service as long as the Director is
serving on the Board of Director's the last day of the calendar year; and (2)
for the Director's last year of service, the Director will be credited with a
Year of Service if the Director terminates service on or after the Normal
Retirement Age.

                                    ARTICLE 2
                               SEVERANCE BENEFITS

         2.1      Normal Retirement Benefit. Upon Termination of Service on or
after Normal Retirement Age for reasons other than death, the Company shall pay
to the Director the benefit described in this Section 2.1 in lieu of any other
benefit under this Agreement.

                  2.1.1    Amount of Benefit. The annual benefit under this
         Section 2.1 is $10,000 (Ten thousand Dollars).

                  2.1.2    Payment of Benefit. The Company shall pay the annual
         benefit determined in Section 2.1.1 to the Director in 12 equal monthly
         installments commencing with the month following the Director's Normal
         Retirement Date, the annual benefit to be paid to the Director for a
         period of 12 years.

                  2.1.3    Benefit Increases. Commencing on the first
         anniversary of the first benefit payment, and continuing on each
         subsequent anniversary, the Company's Board of Directors, in its sole
         discretion, may increase the benefit.

         2.2      Disability Benefit. Upon the Director's Termination of Service
due to Disability prior to the Normal Retirement Age, the Company shall pay to
the Director the benefit described in this Section 2.2 in lieu of any other
benefit under this Agreement.

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                  2.2.1    Amount of Benefit. The annual benefit under this
         Section 2.2 is the Normal Retirement Benefit set forth in Section 2.1.1
         multiplied by the applicable percentage in the vesting schedule set
         forth below.

<TABLE>
<CAPTION>
----------------------------------------------------------------------
NUMBER OF YEARS OF SERVICE COMPLETED
     AT TERMINATION OF SERVICE                           VESTED AMOUNT
----------------------------------------------------------------------
<S>                                                      <C>
                 1                                           6.67%
----------------------------------------------------------------------
                 2                                          13.33%
----------------------------------------------------------------------
                 3                                          20.00%
----------------------------------------------------------------------
                 4                                          26.67%
----------------------------------------------------------------------
                 5                                          33.33%
----------------------------------------------------------------------
                 6                                          40.00%
----------------------------------------------------------------------
                 7                                          46.67%
----------------------------------------------------------------------
                 8                                          53.33%
----------------------------------------------------------------------
                 9                                          60.00%
----------------------------------------------------------------------
                10                                          66.67%
----------------------------------------------------------------------
                11                                          73.33%
----------------------------------------------------------------------
                12                                          80.00%
----------------------------------------------------------------------
                13                                          86.67%
----------------------------------------------------------------------
                14                                          93.33%
----------------------------------------------------------------------
            15 or more                                     100.00%
----------------------------------------------------------------------
</TABLE>

                  2.2.2    Payment of Benefit. The Company shall pay the annual
         benefit determined in Section 2.2.1 to the Director in 12 equal monthly
         installments commencing with the month following Termination of
         Service, the annual benefit to be paid to the Director for a period of
         12 years. The Company, in its sole and absolute discretion, may pay the
         present value of the remaining annual installments in a lump sum, at
         any time, using a 7.5% discount rate.

                  2.2.3    Benefit Increases. Benefit payments may be increased
         as provided in Section 2.1.3.

         2.3      Change of Control Benefit. Upon a Change of Control, the
Company shall pay to the Director the benefit described in this Section 2.3 in
lieu of any other benefit under this Agreement.

                  2.3.1    Amount of Benefit. The annual benefit under this
         Section 2.3 is the Normal Retirement Benefit set forth in Section
         2.1.1.

                  2.3.2    Payment of Benefit. The Company shall pay the annual
         benefit determined in Section 2.3.1 to the Director in 12 equal monthly
         installments commencing with the month following Termination of
         Service, the annual benefit to be paid to the Director for a period of
         12 years. The Company, in its sole and absolute discretion, may pay the
         present value of the remaining annual installments in a lump sum, at
         any time, using a 7.5% discount rate.

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                  2.3.3    Excess Parachute Payment. Notwithstanding any
         provision of this Agreement to the contrary, the Company shall not pay
         any benefit under this Agreement to the extent the benefit would create
         an excise tax under the excess parachute rules of Section 280G of the
         Code.

                                    ARTICLE 3
                                 DEATH BENEFITS

         3.1      Death During Active Service. Upon the Director's death while
in the active service as a Director of the Company, the Company shall pay to the
Director's beneficiary the benefit described in this Section 3.1. This benefit
shall be paid in lieu of the Lifetime Benefits under Article 2.

                  3.1.1    Amount of Benefit. The annual benefit under this
         Section 3.1 is the Normal Retirement Benefit set forth in Section
         2.1.1.

                  3.1.2    Payment of Benefit. The Company shall pay the annual
         benefit determined in Section 3.1.1 to the Director's beneficiary in 12
         equal monthly installments commencing with the month following the
         Director's death, the annual benefit to be paid to the Director's
         beneficiary for a period of 12 years.

                  3.1.3    Benefit Increases. Benefit payments may be increased
         as provided in Section 2.1.3.

         3.2      Death During Payment of a Benefit. If the Director dies after
any benefit payments have commenced under Article 2 of this Agreement but before
receiving all such payments, the Company shall pay the remaining benefits to the
Director's beneficiary at the same time and in the same manner they would have
been paid to the Director had the Director lived. The Board of Directors of the
Company reserves the right to pay the present value of the remaining benefit in
a lump sum and shall have the sole discretion to choose a reasonable discount
rate.

         3.3      Death After Termination of Service But Before Payment of a
Benefit Commences. If the Director is entitled to a benefit under Article 2 of
this Agreement, but dies prior to the commencement of said benefit payments, the
Company shall pay the same benefit payments to the Director's beneficiary that
the Director was entitled to prior to death except that the benefit payments
shall commence with the month following the Director's death. The Board of
Directors of the Company reserves the right to pay the present value of the
remaining benefit in a lump sum and shall have the sole discretion to choose a
reasonable discount rate.

                                    ARTICLE 4
                                  BENEFICIARIES

         4.1      Beneficiary Designations. The Director shall designate a
beneficiary by filing a written designation with the Company. The Director may
revoke or modify the designation at any time by filing a new designation.
However, designations will only be effective if signed by the Director and

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received by the Company during the Director's lifetime. The Director's
beneficiary designation shall be deemed automatically revoked if the beneficiary
predeceases the Director or if the Director names a spouse as beneficiary and
the marriage is subsequently dissolved. If the Director dies without a valid
beneficiary designation, all payments shall be made to the Director's estate.

         4.2      Facility of Payment. If a benefit is payable to a minor, to a
person declared incompetent or to a person incapable of handling the disposition
of his or her property, the Company may pay such benefit to the guardian, legal
representative or person having the care or custody of such minor, incapacitated
person or incapable person. The Company may require proof of incompetence,
minority or guardianship as it may deem appropriate prior to distribution of the
benefit. Such distribution shall completely discharge the Company from all
liability with respect to such benefit.

                                    ARTICLE 5
                               GENERAL LIMITATIONS

         5.1      Termination for Cause. Notwithstanding any provision of this
Agreement to the contrary, the Company shall not pay any benefit under this
Agreement if the Company terminates the Director's service for:

                  (a)  Gross negligence or gross neglect of duties;

                  (b)  Commission of a felony or of a gross misdemeanor
         involving moral turpitude; or

                  (c)  Fraud, disloyalty, dishonesty or willful violation of any
         law or significant Company policy committed in connection with the
         Director's service and resulting in an adverse effect on the Company.

         5.3      Suicide or Misstatement. The Company shall not pay any benefit
under this Agreement if the Director commits suicide within three years after
the date of this Agreement or if the Director has made any material misstatement
of fact on any application for any benefits provided by the Company to the
Director.

                                    ARTICLE 6
                           CLAIMS AND REVIEW PROCEDURE

         6.1      Claims Procedure. Any person who has not received benefits
under this Agreement that he or she believes should be paid ("claimant") shall
make a claim for such benefits as follows:

                  6.1.1    Initiation - Written Claim. The claimant initiates a
         claim by submitting to the Company a written claim for the benefits.

                  6.1.2    Timing of Company Response. The Company shall respond
         to such claimant within 90 days after receiving the claim. If the
         Company determines that special circumstances require additional time
         for processing the claim, the Company can extend the response period by
         an additional 90 days by notifying the claimant in writing, prior to
         the end

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         of the initial 90-day period, that an additional period is required.
         The notice of extension must set forth the special circumstances and
         the date by which the Company expects to render its decision.

                  6.1.3    Notice of Decision. If the Company denies part or all
         of the claim, the Company shall notify the claimant in writing of such
         denial. The Company shall write the notification in a manner calculated
         to be understood by the claimant. The notification shall set forth:

                           (a)  The specific reasons for the denial,

                           (b)  A reference to the specific provisions of this
                  Agreement on which the denial is based,

                           (c)  A description of any additional information or
                  material necessary for the claimant to perfect the claim and
                  an explanation of why it is needed,

                           (d)  An explanation of this Agreement's review
                  procedures and the time limits applicable to such procedures,
                  and

                           (e)  A statement of the claimant's right to bring a
                  civil action under ERISA Section 502(a) following an adverse
                  benefit determination on review.

                  6.2      Review Procedure. If the Company denies part or all
         of the claim, the claimant shall have the opportunity for a full and
         fair review by the Company of the denial, as follows:

                  6.2.1    Initiation - Written Request. To initiate the review,
         the claimant, within 60 days after receiving the Company's notice of
         denial, must file with the Company a written request for review.

                  6.2.2    Additional Submissions - Information Access. The
         claimant shall then have the opportunity to submit written comments,
         documents, records and other information relating to the claim. The
         Company shall also provide the claimant, upon request and free of
         charge, reasonable access to, and copies of, all documents, records and
         other information relevant (as defined in applicable ERISA regulations)
         to the claimant's claim for benefits.

                  6.2.3    Considerations on Review. In considering the review,
         the Company shall take into account all materials and information the
         claimant submits relating to the claim, without regard to whether such
         information was submitted or considered in the initial benefit
         determination.

                  6.2.4    Timing of Company Response. The Company shall respond
         in writing to such claimant within 60 days after receiving the request
         for review. If the Company determines that special circumstances
         require additional time for processing the claim, the Company can
         extend the response period by an additional 60 days by notifying the
         claimant in writing, prior to the end of the initial 60-day period,
         that an additional period is required. The notice of extension must set
         forth the special circumstances and the date by which the Company
         expects to render its decision.

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                  6.2.5    Notice of Decision. The Company shall notify the
         claimant in writing of its decision on review. The Company shall write
         the notification in a manner calculated to be understood by the
         claimant. The notification shall set forth:

                           (a)  The specific reasons for the denial,

                           (b)  A reference to the specific provisions of this
                  Agreement on which the denial is based,

                           (c)  A statement that the claimant is entitled to
                  receive, upon request and free of charge, reasonable access
                  to, and copies of, all documents, records and other
                  information relevant (as defined in applicable ERISA
                  regulations) to the claimant's claim for benefits, and

                           (d)  A statement of the claimant's right to bring a
                  civil action under ERISA Section 502(a).

                                    ARTICLE 7
                           AMENDMENTS AND TERMINATION

         This Agreement may be amended or terminated only by a written agreement
signed by the Company and the Director.

                                    ARTICLE 8
                                  MISCELLANEOUS

         8.1      Binding Effect. This Agreement shall bind the Director and the
Company, and their beneficiaries, survivors, executors, successors,
administrators and transferees.

         8.2      No Guarantee of Service. This Agreement is not a contract for
service as a member of the Company's Board of Directors. It does not give the
Director the right to remain in the service of the Company, nor does it
interfere with the shareholder's rights to discharge the Director. It also does
not require the Director to remain in the service of the Company nor interfere
with the Director's right to terminate service at any time.

         8.3      Non-Transferability. Benefits under this Agreement cannot be
sold, transferred, assigned, pledged, attached or encumbered in any manner.

         8.4      Reorganization. The Company shall not merge or consolidate
into or with another company, or reorganize, or sell substantially all of its
assets to another company, firm, or person unless such succeeding or continuing
company, firm, or person agrees to assume and discharge the obligations of the
Company under this Agreement. Upon the occurrence of such event, the term
"Company" as used in this Agreement shall be deemed to refer to the successor or
survivor company.

         8.5      Tax Withholding. The Company shall withhold any taxes that are
required to be withheld from the benefits provided under this Agreement.

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         8.6      Applicable Law. The Agreement and all rights hereunder shall
be governed by the laws of the State of California, except to the extent
preempted by the laws of the United States of America.

         8.7      Unfunded Arrangement. The Director and beneficiary are general
unsecured creditors of the Company for the payment of benefits under this
Agreement. The benefits represent the mere promise by the Company to pay such
benefits. The rights to benefits are not subject in any manner to anticipation,
alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or
garnishment by creditors. Any insurance on the Director's life is a general
asset of the Company to which the Director and beneficiary have no preferred or
secured claim.

         8.8      Entire Agreement. This Agreement constitutes the entire
agreement between the Company and the Director as to the subject matter hereof.
No rights are granted to the Director by virtue of this Agreement other than
those specifically set forth herein.

         8.9      Administration. The Company shall have powers which are
necessary to administer this Agreement, including but not limited to:

                  (a)  Interpreting the provisions of this Agreement;

                  (b)  Establishing and revising the method of accounting for
         this Agreement;

                  (c)  Maintaining a record of benefit payments; and

                  (d)  Establishing rules and prescribing any forms necessary or
         desirable to administer this Agreement.

         8.10     Named Fiduciary. The Company shall be the named fiduciary and
plan administrator under this Agreement. The named fiduciary may delegate to
others certain aspects of the management and operation responsibilities of the
plan including the Service of advisors and the delegation of ministerial duties
to qualified individuals.

         IN WITNESS WHEREOF, the Director and a duly authorized Company officer
have signed this Agreement.

DIRECTOR:                                COMPANY:

                                         PLUMAS BANK

/s/ Thomas Watson                        By /s/ William E. Elliott
-----------------                           ----------------------
Thomas Watson

                                         Title President & C.E.O.

                                        8<PAGE>

                                                                   EXHIBIT 10.60

                                   PLUMAS BANK
                          DIRECTOR CONSULTING AGREEMENT

THIS AGREEMENT is made this 1st day of May, 2003, by and between Plumas Bank
(the "Company" or the "Bank") and Thomas Watson (hereinafter referred to as the
"Consulting Director"), whose address is 11430 Deerfield Dr., Truckee, CA 96161.

                                  INTRODUCTION

The Board of Directors of the Company has determined that it is in the best
interests of the Company to honor the Consulting Director for his or her
services to the Company of at least 15 years, to retain the Consulting
Director's services and to obtain the valued services of the Consulting Director
in a consulting capacity.

                                    AGREEMENT

NOW, THEREFORE, in consideration of the premises and the mutual covenants herein
contained, the Company and the Consulting Director hereby agree as follows:

1.       CONSULTING SERVICES. Upon the terms and subject to the conditions
         contained in this Agreement, the Consulting Director agrees to provide
         consultative services for the Company during the term of this
         Agreement. The Consulting Director agrees to devote his or her best
         efforts to the business of the Company, and shall perform his or her
         duties in a diligent, trustworthy, and business-like manner, all for
         the purpose of advancing the business of the Company. The Consulting
         Director agrees that this Agreement shall not become effective until
         such time the Consulting Director has (i) served on the Company's Board
         of Directors or the Board of Directors of the parent of the Company for
         a total of at least 15 years and (ii) has resigned from the Company's
         Board of Directors or the Board of Directors of the parent of the
         Company, if any or is no longer a director of the Company or the parent
         of the Company, if any.

2.       DUTIES. The duties of the Consulting Director shall be those duties
         that can reasonably be expected to be performed by a person in a
         consultative capacity. Such duties shall include, but shall not be
         limited to:

         -        Meeting annually with Board of Directors of Bank to review and
                  discuss the strategic plan and the goals and objectives of
                  Bank.

         -        Continuing to utilize the Bank as a significant banking
                  facility for the Consulting Director and his or her
                  businesses.

         -        Continuing to refer customers to the Bank and to support the
                  Bank within the Bank's community.

         -        Allowing the Bank to utilize the Consulting Director's name in
                  all of the Bank and Bank affiliate publications.

         -        When invited by the Chairman of the Board, utilizing best
                  efforts to attend the Bank retreats, meetings and other
                  functions.

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         -        Providing meaningful and comprehensive input to strategic
                  issues or policies as requested by the Chairman.

         -        Not becoming involved as a director, officer, large
                  shareholder (over 1%), advisor, consultant or employee of any
                  financial institution operating in the counties where the Bank
                  operates a branch or loan office.

         -        Being accessible to officers, directors and attorneys for any
                  litigation support for the Bank or its affiliates involving
                  the directorship with the Bank or its affiliates.

         The Board may waive any of the individual service requirements set
         forth above on a case by case basis.

3.       CONSULTING TERM. Subject to the terms and conditions hereof, the
         Company agrees to retain the Consulting Director for a term of three
         (3) years commencing as of the date Consulting Director's retirement
         from the Board of Directors of the Company ("Effective Date"). The
         Company may not terminate the Consulting Director's service agreement
         prior to the end of the three-year term unless such termination is due
         to a Termination for Cause as defined herein.

4.       FEES AND BENEFITS

         (a)      BASE FEE AMOUNT. The Company shall, during the term of this
                  Agreement, pay the Consulting Director an annual base fee of
                  $10,000 beginning on the Effective Date, pro rated for periods
                  of less than 12 months.

         (b)      DEATH BENEFITS. If the Consulting Director dies prior to the
                  termination of this Agreement, the Company shall pay the
                  Consulting Director's named beneficiary (or the Consulting
                  Director's estate if no beneficiary is named) a death benefit
                  of $30,000 less any payments the Consulting Director has
                  already received under the terms of this Agreement.

5.       TERMINATION OF SERVICE. The Board of Directors of the Company may
         terminate the services of the Consulting Director under the following
         circumstances:

         (a)      DEATH DURING: THE THREE-YEAR CONSULTATIVE PERIOD. This
                  Agreement ends at death, however, any eligible death benefits
                  payable hereunder shall be paid in accordance with the
                  provisions of paragraph 4(b) herein.

         (b)      DISABILITY. The Company may terminate the Consulting
                  Director's services for Disability if the Consulting Director
                  is incapacitated or absent and unable to perform substantially
                  all the regular duties of this Agreement for at least 180
                  days, consecutive or non-consecutive, during any 12 month
                  period. Disability shall be determined by mutual agreement or
                  by a physician who is board certified in the field of the
                  Consulting Director's affliction.

         (c)      VOLUNTARY RESIGNATION OR TERMINATION FOR CAUSE. If the
                  Consulting Director shall voluntarily terminate his or her
                  services for other than Good Reason or if the Company shall
                  discharge the Consulting Director for Cause, this Agreement
                  shall terminate immediately and the Company

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                  shall have no further obligation to make any payment under
                  this Agreement which has not already become payable, but has
                  not yet been paid. Provided, however, that with respect to any
                  plans or programs in which the Consulting Director is
                  participating at the time of his or her termination, the
                  Consulting Director's rights and benefits under each such plan
                  shall be determined in accordance with the terms, conditions,
                  and limitations of the plan and any separate agreement
                  executed by the Consulting Director which may then be in
                  effect.

                  For the purposes of this Agreement, the Company shall have
                  "Cause" to terminate the Consulting Director's services
                  hereunder upon:

                  (i)      the willful and continued failure by the Consulting
                           Director to perform his or her duties with the
                           Company (other than any such failure resulting from
                           incapacity due to Disability), after a demand for
                           substantial performance is delivered to the
                           Consulting Director by the Board which specifically
                           identifies the manner in which the Board believes
                           that he or she has not substantially performed his or
                           her duties;

                  (ii)     the willful engaging by the Consulting Director in
                           gross misconduct materially and demonstrably
                           injurious to the Company. For purposes of this
                           paragraph, no act, or failure to act, on the
                           Consulting Director's part shall be considered
                           "willful" unless done, or omitted to be done, by him
                           not in good faith and without reasonable belief that
                           his or her action or omission was not in the best
                           interest of the Company;

         For purposes of this Agreement, "Good Reason" shall mean:

                  (i)      without his or her express written consent, the
                           assignment to the Consulting Director of any duties
                           inconsistent with his or her positions, duties,
                           responsibilities and status with the Company, or

                  (ii)     a reduction by the Company in the Consulting
                           Director's base fee amount as in effect on the date
                           hereof.

6.       MISCELLANEOUS PROVISIONS.

         (a)      CONSULTING DIRECTOR'S HEIRS ETC. The Consulting Director may
                  not assign his or her rights or delegate his or her duties or
                  obligations hereunder without the written consent of the
                  Company. This Agreement shall inure to the benefit of and be
                  enforceable by the Consulting Director's personal or legal
                  representatives, executors, administrators, successors, heirs,
                  distributees, devisees and legatees. If the Consulting
                  Director should die while any amounts would still be payable
                  to him or her hereunder as if he or she had continued to live,
                  all such amounts, unless other provided herein, shall be paid
                  in accordance with the terms of this Agreement to his or her
                  designee or, if there be no such designee, to his or her
                  estate.

         (b)      NOTICE. For the purposes of this Agreement, notices and all
                  other communications provided for in the Agreement shall be in
                  writing and shall be deemed to have been duly given when
                  delivered or mailed by United States registered or certified
                  mail, return receipt requested, postage prepaid, addressed to
                  the respective addresses set forth on the first page of this
                  Agreement, provided that all notices to the Company shall be
                  directed to the attention of the Chief Executive Officer of
                  the

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<PAGE>

                  Company with a copy to the Secretary of the Company, or to
                  such other in writing in accordance herewith, except that
                  notices of change of address shall be effective only upon
                  receipt.

         (c)      AMENDMENT: WAIVER. No provisions of this Agreement may be
                  modified, waived or discharged unless such waiver,
                  modification or discharge is agreed to in writing signed by
                  the Consulting Director and an authorized officer of the
                  Company. No waiver by either party hereto at any time of any
                  breach by the other party hereto of, or compliance with, any
                  condition or provision of this Agreement to be performed by
                  such other party shall be deemed a waiver of similar or
                  dissimilar provisions or conditions at the same or at any
                  prior or subsequent time. No agreements or representations,
                  oral or otherwise, express or implied, with respect to the
                  subject matter hereof have been made by either party which are
                  not set forth expressly in this Agreement.

         (d)      INVALID PROVISIONS. Should any portion of this Agreement be
                  adjudged or held to be invalid, unenforceable or void, such
                  holding shall not have the effect of invalidating or voiding
                  the remainder of this Agreement and the parties hereby agree
                  that the portion so held invalid, unenforceable or void shall,
                  if possible, be deemed amended or reduced in scope, or
                  otherwise be stricken from this Agreement to the extent
                  required for the purposes of validity and enforcement thereof.

         (e)      COUNTERPARTS. This Agreement may be executed in one or more
                  counterparts, each of which shall be deemed to be an original
                  but all of which together will constitute one and the same
                  instrument.

         (f)      GOVERNING LAW. This Agreement shall be governed by and
                  construed under the laws of the State of California.

         (g)      CAPTIONS AND HEADINGS. The use of captions and section
                  headings herein is for purposes of convenience only and shall
                  not effect the interpretation or substance of any provisions
                  contained herein.

IN WITNESS WHEREOF, the Consulting Director and a duly authorized Company
officer have signed this Agreement.

THOMAS WATSON                            PLUMAS BANK
"CONSULTING DIRECTOR"                    "COMPANY"

/s/ Thomas Watson                        By: /s/ W.E. Elliott
-----------------                            ----------------

                                         Title: President & C.E.O.

                                        4

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