Document:

energyking_10ksb-ex1005.htm

    EXHIBIT
10.5

    

    PLEDGE
AGREEMENT

     

    This
Pledge Agreement dated as of September 28, 2006, is made and entered into by and
among Buckeye Ventures, Inc., a Michigan corporation ("Pledgor"), and Alan
Hardwick, Varin Larson and Deanna Larson (collectively, the "Lenders"), and
Varin Larson, as the agent for the Lenders (the "Agent").

     

    WETNESSTH:

     

    WHEREAS,
in connection with the closing of the transactions contemplated by the Merger
Agreement (as defined below), the Pledgor is indebted to the Lenders pursuant to
certain nonrecourse Notes (as defined below);

     

    WHEREAS,
pursuant to the Merger Agreement, the Pledgor agreed to pledge all of the shares
of common stock (the "Pledged Stock"), of Energy King, Inc., a California
corporation (the "Company"), owned by Pledgor as security for the repayment of
the Notes;

     

    NOW
THEREFORE, in consideration of the premises and for other good and valuable
consideration, the receipt and sufficiency of which are acknowledged, Pledgor
hereby agrees as follows:

     

    1.    Definitions and
Interpretation.

     

    (a)   In addition to the
terms defined elsewhere in this Agreement, the following terms

    shall
have the meanings indicated below for purposes of this Agreement (such meanings
to be equally applicable to both the singular and plural forms of the terms
defined).

     

    "Default"
shall mean the occurrence of any of the following events, unless cured or
waived: (i) a "Default" as defined in the Notes; (ii) any representation,
warranty or statement made by the Pledgor in this Agreement is untrue in any
material respect; or (iii) any material breach by Pledgor of this Agreement
which breach is not cured within sixty (60) days (or if such breach reasonably
requires more than sixty (60) days to cure, such longer period of time as may be
reasonable under the circumstances provided Pledgor has commenced and is
diligently pursuing such cure) after Pledgor's receipt of notice from the Agent
specifying such breach or default in reasonable detail.

     

    "Documents"
shall mean the Notes and this Agreement, in each case as amended, restated,
modified or supplemented from time to time.

     

    "Liabilities"
shall mean all obligations of the Pledgor under each of the Documents and under
Section 10.4 of the Merger Agreement, in each case whether now or hereafter
existing or arising.

     

    "Merger
Agreement" means that certain Agreement and Plan of Merger dated as of
September, 2006 among the Pledgor, EK Acquisition Corp., the Company, and the
Lenders, as amended, restated, modified or supplemented from time to
time.

     

    "Notes"
means those certain Promissory Notes Secured by Pledge Agreement dated September
28, 2006 made by the Company in favor of each of Alan Hardwick in the initial
principal amount of $975,000, and Varin Larson and Deanna Larson in the initial
principal amount of $2,925,000, in each case as amended, restated, modified or
supplemented from time to time.

    
      
         

      

      
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    "Person"
shall mean and include any individual, partnership, joint venture, corporation,
limited liability company, trust, unincorporated organization, any federal,
state or local government or regulatory body, agency or authority, or any other
entity.

     

    "Pledged
Collateral" shall mean and include (i) the Pledged Stock, (ii) any other
securities, cash or other property that may be distributed, issued or otherwise
received with respect to or for the Pledged Stock, whether on account of or as a
result of any stock split, conversion, exchange, merger, other transaction or
otherwise, and (iii) any and all dividends, distributions and other rights on or
with respect to, and substitutions for, and proceeds or products of any of the
foregoing.

     

    "Uniform
Commercial Code" shall mean the California Uniform Commercial Code as in
effect from time to time.

     

    (b)Any
reference in this Agreement to a Section is, unless otherwise stated,
a

    reference
to a section hereof. Section captions used in this Agreement are for convenience
only, and shall not affect the construction of this Agreement. The words
"hereof," "herein," "hereto" and "hereunder" and words of similar purport when
used in this Agreement shall refer to this Agreement as a whole and not to any
particular provision of this Agreement.

     

    2.     Representations and
Warranties.

     

    (a)    Pledgor
represents, warrants and covenants to the Agent and Lenders as follows:

     

    (i)            
Pledgor is duly organized, validly existing, and in good standing under the laws
of

    the State
of Michigan, and has all necessary corporate authority to conduct its business
wherever it is conducted.

     

    (ii)            Pledgor
has full power and authority and legal right to execute and deliver this
Agreement
and to pledge, hypothecate, assign, transfer, set over and deliver the Pledged
Collateral, all as provided in this Agreement. This Agreement has been duly
executed and delivered by Pledgor and constitutes a legal, valid and binding
obligation of Pledgor, enforceable against Pledgor in accordance with its
terms.

     

    (iii)            Pledgor
is, and at the time of delivery of the Pledged Collateral to the Agent and at
all times
thereafter will be, the sole legal and beneficial owner of the Pledged
Collateral, free and clear of any lien, charge or other encumbrance, other than
the security interests in such Pledged Collateral created by this Agreement. The
Agent shall have a continuing and valid first priority, perfected security
interest in the Pledged Collateral securing payment of the Liabilities and will
be a "bona fide purchaser" (as such term is defined in the Uniform Commercial
Code) of the Pledged Collateral. Pledgor covenants and agrees that it will not
sell, assign or otherwise dispose of the Pledged Collateral, nor will it create
or permit to exist any security interest in, or other encumbrance on, the
Pledged Collateral, except pursuant to this Agreement.

     

    (iv)            The
Pledged Collateral represents as of the date of this Agreement, and will
represent
at all times thereafter, all of the outstanding and issued capital stock of the
Company.

     

    (v)     As of the
date this Agreement is executed there are no discussions, negotiations or
agreements
by Pledgor concerning the sale of the stock of the Company or the sale of all or
substantially all of the assets of the Company, the merger or consolidation of
the Company into or with any
other Person, or any similar type of transaction, other than the merger
contemplated by the Merger Agreement.

    
      
         

      

      
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    (vi)    Neither the
execution and delivery of this Agreement, nor the taking of any action in
compliance
with it, will (1) violate or breach any law, regulation, rule, order or judicial
action binding on Pledgor, any agreement to which Pledgor is a party, Pledgor's
articles of incorporation or Bylaws; or (2) result in the creation of a lien
against the collateral (except that lien created by this
Agreement).

     

    (b)    All of the
representations, warranties and covenants made in this Section 2 shall
survive
the execution and delivery of this Agreement and also shall be deemed to be
repeated and confirmed each time any additional Pledged Collateral becomes
subject to pledge under this Agreement.

     

    3.     Pledge; Delivery of Pledged
Collateral.

     

    (a)            As
security for the prompt and complete payment and performance when due
(whether
at stated maturity, by acceleration or otherwise) of the Liabilities, Pledgor
pledges, hypothecates, assigns, transfers, sets over and grants to the Agent a
first lien on and first security interest in the Pledged
Collateral.

     

    (b)            Concurrently
with the execution and delivery of this Agreement, Pledgor shall deliver
to the Agent all of the now existing Pledged Collateral, in suitable form for
transfer by delivery and accompanied by duly executed instruments of transfer,
instructions or assignments in blank. The Agent shall maintain possession and
custody of the Pledged Collateral so delivered. In the event that any Pledged
Collateral shall at any time consist of certificated securities, the Agent shall
be permitted following the occurrence and during the continuance of any Default
to transfer all or any part of such Pledged Collateral into the name of the
Agent or its nominee, with or without disclosing that such Pledged Collateral is
subject to the lien and security interest under this Agreement.

     

    (c)    During the
term of this Agreement, Pledgor immediately shall deliver or cause to be
delivered
to the Agent to hold as part of the Pledged Collateral, and, if received by
Pledgor, shall be received in trust for the benefit of the Agent and immediately
delivered to the Agent as so received:

     

    (i)    all cash,
securities, interest, dividends, distributions, rights and other property
at any time and from time to time declared or distributed in respect of or in
redemption of, or in exchange for or attached to or issued with respect to any
or all of the Pledged Collateral; and

     

    (ii)            all
other property delivered in substitution for or in addition to any of the
fore-going,
all certificates and instruments representing or evidencing such property and
all cash, securities, interest, dividends, distributions, rights and other
property at any time and from time to time declared or distributed in respect
of, in exchange for or attached to or issued with respect to any or all of such
property.

     

    All such
Pledged Collateral shall be in suitable form for transfer by delivery and
accompanied by duly executed instruments of transfer, instructions, or
assignments in blank all in form and substance acceptable to the
Agent.

     

    
      
        
           

        

        
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      Notwithstanding
the foregoing, until a Default shall have occurred and be continuing and until
written notice shall be given to Pledgor by the Agent that a Default has
occurred and is continuing and the following rights have been suspended
during the continuance of such Default, the Pledgor may retain any and all cash
dividends declared and paid on the Pledged Collateral free and clear of the lien
and security interest granted by this Agreement, provided that such cash
dividends are not being paid or distributed in connection with any partial or
total liquidation or dissolution of the issuer of the Pledged Collateral or in
exchange for or in redemption of any part of the Pledged Collateral.

    

     

    (d)   
Any cash delivered to the Agent pursuant to Section 3(c) or Section 8(a) of this
Agreement
which Pledgor is not entitled to retain shall be held by the Agent as cash
collateral security for the prompt and complete payment and performance when due
(whether at stated maturity, by acceleration or otherwise) of all Liabilities.
The Agent may at any time during the continuance of any Default apply any or all
of such cash or cash collateral to the payment of any or all of the Liabilities,
whether or not then due. Pending such application, the Agent promptly shall
invest the same in an account, under which deposits are available for immediate
withdrawal, with such bank or other financial institution as the Agent may, in
its reasonable discretion select. Any interest payable on any such account
described in the foregoing sentence shall be collected by the Agent and shall be
deposited and held as additional cash collateral in such account.

     

    4.       Voting
Rights. During the term of this Agreement until a Default shall have
occurred and be continuing and written notice shall be given to Pledgor by the
Agent that a Default has occurred and is continuing and the following voting
rights of Pledgor have been suspended during the continuance of such Default,
Pledgor shall be entitled to vote and consent and attend all meetings and
otherwise exercise all rights as a shareholder or owner with respect to the
Pledged Collateral in any manner not inconsistent with this Agreement. Pledgor
grants to the Agent an irrevocable proxy to vote the Pledged Collateral, which
proxy shall be effective only upon the occurrence and during the continuance of
a Default and following receipt by the Piedgor of notice from the Agent
suspending the Pledgor's voting rights as provided above, and shall be deemed
coupled with an interest. During the continuance of a Default, Pledgor agrees to
deliver to the Agent such further evidence of such irrevocable proxy or such
further irrevocable proxies to vote the Pledged Collateral as the Agent may
request.

     

    5.       Further
Assurances. At any time and from time to time, at the sole cost and
expense of Pledgor, Pledgor will promptly execute and deliver all further
instruments and documents, and take all further action (including without
limitation the filing of Uniform Commercial Code financing statements), that may
be necessary or desirable, or that the Agent may reasonably request, in order to
perfect and protect any security interest granted by Piedgor to the Agent under
this Agreement or to enable the Agent to exercise and enforce its rights and
remedies with respect to any Pledged Collateral under this Agreement. Pledgor
hereby agrees to pay all reasonable expenses, including reasonable attorneys'
fees, incurred by the Agent after the date of this Agreement, in the perfection
preservation, realization, enforcement and exercise of its rights under this
Agreement. Pledgor hereby authorizes the Agent to file any and all Uniform
Commercial Code financing statements with respect to the Pledged Collateral as
the Agent reasonably determines to deem to be necessary.

     

    6.     
Attorney-in-Fact.
Upon and during the continuance of a Default, Pledgor appoints the Agent and any
agent of the Agent as Pledgor's attorney-in-fact, with full power of
substitution and full authority in the place and stead of Pledgor and in the
name of Pledgor or otherwise, from time to time in such Person's discretion to
take any action and to execute any instrument which such Person may reasonably
deem necessary, advisable or desirable to accomplish the purposes of this
Agreement in the event Pledgor refuses to take such action or execute such
instrument promptly following the Agent's request.

     

    
      
        
           

        

        
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    7.       Reasonable
Care. The Agent shall be deemed to have exercised reasonable care in the
custody and preservation of the Pledged Collateral in its possession if the
Pledged Collateral is accorded treatment substantially equal to that which a
financial lending institution accords similar securities, it being understood
that the Agent shall not have any responsibility under any circumstances
whatsoever for taking any necessary steps to preserve rights of Pledgor or any
other Person against any parties with respect to any Pledged Collateral. The
Agent shall further be deemed to have exercised reasonable care in the custody
and preservation of any of the Pledged Collateral in its possession if it takes
such action for that purpose as Pledgor shall request in writing, but failure by
the Agent to comply with any such request shall not of itself be deemed a
failure to exercise reasonable care, and no failure by the Agent to do any act
with respect to the preservation of such Pledged Collateral not so requested by
Pledgor, shall of itself be deemed a failure to exercise reasonable care in the
custody or preservation of such Pledged Collateral.

     

    8.           Remedies.

     

    (a)            Pledgor
agrees that from time to time upon and during the continuance of a Default,
the Agent
or its agent or agents shall have the right: (I) to require Pledgor to deliver
to the Agent such further evidence of the irrevocable proxy granted to the Agent
pursuant to Section 4 of this Agreement and such further irrevocable proxies to
vote the Pledged Collateral pursuant to Section 4 as the Agent may reasonably
request; (ii) to transfer all or any part of the Pledged Collateral into the
name of the Agent or its nominee, with or without disclosing that such Pledged
Collateral is subject to the lien and security interest under this Agreement;
(iii) to enforce collection of any of the Pledged Collateral by suit or
otherwise, and surrender, release or exchange all or any part of the Pledged
Collateral or compromise or extend or renew for any period (whether or not
longer than the original period) any obligations of any nature of any party with
respect to the Pledged Collateral; (iv) to sell all or any part of the Pledged
Collateral at a price and using such methods (including public or private sale)
as may be reasonably determined by the Agent upon at least ten (10) days'
written notice (which Pledgor agrees is reasonable notification within the
meaning of the Uniform Commercial Code); (v) to bid on or purchase any of the
Pledged Collateral at any sale and reasonably restrict the eligibility of
prospective buyers at any sale; (vi) to conduct, adjourn, or cancel any public
or private sale; (vii) to sell the Pledged Collateral on credit; and (viii) if
such sale is upon credit, (A) to defer any delivery of excess proceeds to
Pledgor until full payment for the Pledged Collateral so sold is collected, and
(B) to retain the Pledged Collateral or a security interest in the Pledged
Collateral.

     

    (b)            The
Agent shall apply the net proceeds of the sale of the Pledged Collateral
pursuant
to Section 8(a), after deducting all reasonable costs and expenses of every kind
incurred therein or incidental to the safekeeping or otherwise of any and all of
the Pledged Collateral or in any way relating to the rights of the Agent under
this Agreement, including reasonable attorneys' fees and expenses, to the
payment, in whole or in part, of the Liabilities in such order as the Agent may
elect, and only after so applying such net proceeds and after the payment by the
Agent of the Liabilities in full need the Agent account for the surplus, if any,
to Pledgor.

     

    (c)           Any
purchaser of the Pledged Collateral at any such sale shall after such sale hold
the same
absolutely free from any claim or right of any kind, including any equitable
right of redemption of Pledgor. Pledgor specifically waives all rights of
redemption, stay or appraisal which Pledgor has or may have under any rule of
law or statute now existing or hereafter adopted. Pledgor will at the request of
the Agent execute any and all documents or instruments which the Agent
reasonably deems desirable to evidence the Agent's rights as set forth
above.

     

    (d)           Subject
to the nonrecourse provisions contained in this Agreement and the Notes,
Pledgor
further agrees that the Agent shall be entitled to exercise all of the rights
and remedies available
to a secured party under the Uniform Commercial Code and all rights and remedies
available to the Agent under this Agreement and the Notes.

     

    
      
         

      

      
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    (e)    
Pledgor recognizes that the Agent may effect one or more private sales of the
Pledged
Collateral to a restricted group of offerees and purchasers who fulfill certain
suitability standards and who agree, among other things, to acquire the Pledged
Collateral for their own account for investment and not for distribution or
resale. Pledgor consents to private sales so made even though such sales may be
at prices and upon other terms less favorable than if the Pledged Collateral
were sold at public sales. Pledgor agrees that the Agent shall have no
obligation to delay sale of the Pledged Collateral for the period of time
necessary to permit the offering and sale of the Pledged Collateral to be
registered for sale under applicable laws. Pledgor consents that private sales
made under the foregoing circumstances will be deemed to have been made in a
commercially reasonable manner, and that the Agent shall not be liable or
accountable to Pledgor for any discount allowed by reason of the fact that such
Pledged Collateral is sold in compliance with any such limitation or
restriction. In lieu of exercising the power of sale conferred upon it by this
Agreement, the Agent may proceed by a suit or suits at law or in equity to
foreclose and sell the Pledged Collateral. Pledgor agrees that the Agent shall
not be liable to Pledgor for any loss in the value of the Pledged Collateral by
reason of any delay in the sale of the Pledged Collateral.

     

    9.        Nonrecourse.
Notwithstanding anything to the contrary contained in this Agreement, the Notes
or any other agreement or instrument between or among the parties hereto or
executed in connection herewith or therewith, the Agent and the Lenders
acknowledge and agree that the Notes, this Agreement and all of the Liabilities
are nonrecourse to the Pledgor and limited to the security granted pursuant to
this Agreement and, without limiting the foregoing, that Pledgor shall not be
liable for any deficiency with respect to the Liabilities remaining after any
sale of the Pledged Collateral or any exercise of any remedies of the Agent
under this Agreement or otherwise with respect to the Liabilities.

     

    10.       Expenses.
Subject to the nonrecourse provisions contained in this Agreement and the Notes,
the Liabilities shall include the amount of any and all reasonable expenses,
including the reasonable attorneys' and experts' fees and expenses, which the
Agent may incur in connection with the enforcement of this Agreement or any of
the rights and remedies of the Agent under this Agreement, including the sale
of, collection from or other realization upon, any of the Pledged Collateral
under this Agreement.

     

    11.   Rights
Absolute. Subject to the nonrecourse provisions contained in this
Agreement and the Notes, the rights of the Agent and the security interests
granted under this Agreement and all obligations of Pledgor under this Agreement
shall be absolute and unconditional irrespective of: (a) any lack of validity or
enforceability of the Notes or any other agreement or instrument related
thereto; (b) any proceeding under any bankruptcy, reorganization, arrangement of
debt, insolvency, readjustment of debt or receivership having been filed by or
against Pledgor or any other Person; (c) any change in the time, manner or place
of payment of, or in any other term of, all or any of the Liabilities, or any
other amendment or waiver of or consent to any departure from the Notes or any
other agreement or instrument related thereto; (d) any exchange, release or
non-perfection of any other collateral, or any release or amendment or waiver of
or consent to departure from any guaranty, for all or any of the Liabilities or
any other obligations of Pledgor or any other Person; or (e) any other
circumstances which might otherwise constitute a defense available to, or a
discharge of, the Pledgor in respect of the Liabilities or of this Agreement.
Pledgor waives any requirement that the Agent exhaust any right or take any
action against any other Person or any. other collateral security before
proceeding against the Pledged Collateral.

    
      
         

      

      
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    12.           Amendments,
Waivers and Consents. No amendment or waiver of or consent to any
departure by Pledgor from any provision of this Agreement, or release of the
Pledged Collateral, shall in any event be effective unless the same shall be in
writing and signed by the Agent, and then such amendment, waiver or consent
shall be effective only in the specific instance and for the specific purpose
for which given. No failure on the part of the Agent to exercise, and no delay
in exercising any right, power or remedy under this Agreement shall operate as a
waiver of such right, power or remedy, nor shall any single or partial exercise
of any such right, power or remedy by the Agent preclude any other or further
exercise thereof or the exercise of any other right, power or
remedy.

     

    13.           Successors
and Assigns. This Agreement shall be binding upon and inure to the
benefit of Pledgor, the Agent and the Lenders, and their respective heirs,
personal representatives, successors and assigns.

     

    14.           Notices.
All notices, demands and other communications under this Agreement shall be in
writing and shall be given and delivered in the manner provided by the Merger
Agreement for notices to such parties.

     

    15.           GOVERNING
LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER
THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
INTERNAL LAWS OF THE STATE OF CALIFORNIA, WITHOUT REGARD TO PRINCIPLES OF
CONFLICTS OF LAWS.

     

    16.           Termination.
This Agreement shall terminate when all the Liabilities of Pledgor have been
fully paid and performed, at which time the Agent shall immediately, at its own
cost and expenses, reassign and redeliver (or cause to be reassigned and
redelivered) to Pledgor, or to such Person or Persons as Pledgor shall designate
such of the Pledged Collateral (if any) as shall not have been sold or otherwise
applied by the Agent pursuant to the terms of this Agreement and shall still be
held by it under this Agreement, together with appropriate instruments of
reassignment and release.

     

    17.           Interpretation;
Partial Invalidity. Whenever possible each provision of this Agreement
shall be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Agreement shall be prohibited by or
invalid under such law, such pro­vision shall be ineffective to the extent
of such prohibition or invalidity, without invalidating the remainder of such
provision or the remaining provisions of this Agreement.

    
      
         

      

      
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    IN WITNESS WHEREOF, the
parties hereto have duly executed and delivered this Pledge Agreement as of the
date first above written.

     

    PLEDGOR:

     

     

    BUCKEYE
VENTURES, INC.

     

     

    By:  /s/ Alan J.
Mintz                                                      

            Alan J. Mintz

            President

     

     

    LENDERS:

     

     

    /s/
Alan
Hardwick                                                            

    Alan
Hardwick

     

     

    /s/ Varin
Larson                                                                

    Varin
Larson

     

     

    /s/ Deanna
Larson                                                            

    Deanna
Larson

     

     

    AGENT:

     

     

    /s/
Varin
Larson                                                                

    Varin
Larson

     

     

    -8-belvedere_10ksb-ex1003.htm

    EXHIBIT
10.3

     

    EMPLOYMENT
AGREEMENT

    

    THIS AGREEMENT is dated as of
January 14, 2008, between Belvedere SoCal ("SoCal"), Professional Business Bank
(the "Bank") and Alan J.
Lane ("Executive") for
the purposes set forth in this agreement (the "Agreement").

    

    WHEREAS,
SoCal is a California corporation and bank holding company registered under the
Bank Holding Company Act of 1956, as amended, subject to the supervision and
regulation of the Board of Governors of the Federal Reserve System ("FRB");

    

    WHEREAS,
SoCal is the parent holding company of the Bank, which is a California chartered
banking corporation and wholly-owned subsidiary of SoCal, subject to the
supervision and regulation of the California Department of Financial
Institutions ("DFI") and Federal Deposit Insurance
Corporation ("FDIC");

    

    WHEREAS,
SoCal, Spectrum Bank and certain other parties have entered into that certain
Agreement to Merge and Plan of Reorganization, dated as of July 13, 2007,
pursuant to which the parties thereto intend that a wholly owned subsidiary of
SoCal merge with and into Spectrum Bank (the "Spectrum Merger");

    

    WHEREAS,
it is the intention of the parties to enter into an employment agreement for the
purposes of securing Executive's services as the Executive Chairman of the Board
of Directors of SoCal and of the Bank (together, the "Company").

    

    NOW,
THEREFORE, in consideration of the mutual covenants and agreements contained
herein, SoCal, the Bank and Executive agree as follows:

    

    1.    TERM. Subject
to the provisions for earlier termination hereinafter provided, Executive's
employment hereunder shall be for a term (the "Term") commencing on November
23, 2007 (the "Effective
Date") and ending on the fifth anniversary of the Effective
Date.

     

    2.    POSITION,
DUTIES AND RESPONSIBILITIES. During the Term, the Company will employ
Executive, and Executive agrees to be employed by the Company, as its Executive
Chairman of the Board of Directors of SoCal (the "Board") and the Executive
Chairman of the Board of Directors of the Bank. In such employment capacity,
Executive will have such duties and responsibilities as are normally associated
with such position and will report to the Board. Executive will provide such
services as Executive Chairman, three days per week. Notwithstanding the
foregoing, subject to Section 11 below, nothing in this Agreement shall be
construed to limit Executive's ability to provide services to or participate in
non-profit, charitable or civic organizations or to manage personal investments,
including personal investment vehicles, to the extent that such activities do
not materially interfere with Executive's performance of his duties hereunder.
Executive acknowledges that Executive's services as Executive Chairman of the
Company shall constitute Executive's principal business activity. Executive will
be provided with an office at the Company's principal offices, but may also work
from any location Executive chooses as long as Executive has access to equipment
and other resources necessary to perform Executive's duties. At the Company's
request, Executive will serve the
Company and/or its subsidiaries and affiliates in other capacities in addition
to the foregoing. In the event that Executive serves in any one or more of such
additional capacities, Executive's compensation will not be increased beyond
that specified in this Agreement. In addition, in the event Executive's service
in one or more of such additional capacities is terminated, Executive's
compensation, as specified in this Agreement, will not be diminished or reduced
in any manner as a result of such termination for so long as Executive otherwise
remains employed under the terms of this Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    3.    BASE COMPENSATION. During the
Term, the Company will pay Executive a base salary of $180,000 per year, less
payroll deductions and all required withholdings, payable in accordance with the
Company's normal payroll practices and prorated for any partial pay period of
employment. Executive's base salary shall be subject to (i) annual review and,
(ii) in the sole discretion of the Board, increase pursuant to the Company's
policies as in effect from time to time (the "Base
Compensation").

     

    4.    ANNUAL BONUS. In addition to
the base salary set forth above, during the Term, Executive will be eligible to
participate in the Company's incentive bonus plan applicable to senior
executives of the Company. The amount of Executive's annual bonus will be based
on the attainment of performance criteria established and evaluated by the
Company in accordance with the terms of such bonus plan as in effect from time
to time, provided that, subject to the terms of such bonus plan, Executive's
target annual bonus shall be twenty-five percent (25%) of Base Compensation per
year, pro-rated for any partial year of service in which an annual bonus is
earned. Each annual bonus shall be paid in cash or, at the election of Executive
made at least thirty (30) days prior to the payment date (or such other date as
may be determined by the Board), in whole or in part in a number of fully vested
shares of SoCal common stock equal to the dollar amount of the bonus payable
divided by the Fair Market Value (as defined in the SoCal 2007 Equity Incentive
Plan (the "Plan")) of a share of SoCal common stock on the date preceding the
date on which the bonus is paid. In the event that Executive elects to receive
an annual bonus in shares, SoCal shall issue such shares to Executive under the
Plan and such shares shall be subject to the terms and conditions of the Plan
(including, without limitation, the limits set forth in Section 3 and Section
6(c) of the Plan) and an award agreement in a form prescribed by the
Company.

     

    5.    STOCK
OPTION.

    

    (a)    Initial
Option. Provided that Executive
is then employed by the Company, the Company shall, upon the earlier to occur of
February 29, 2008 or the thirtieth calendar day (or, if not a trading day, the
next succeeding trading day) following the consummation of the Spectrum Merger
(the earlier such date, the "Initial Grant Date"), grant to Executive a
nonqualified stock option to purchase a number of shares of SoCal common stock
equal to 2.50% of the total number of shares of SoCal common stock outstanding
as of the Initial Grant Date (the "Initial Option").

     

    (b)    Spectrum
Make-Whole Option.
In addition, provided that Executive is then employed by the Company, in
the event that the Spectrum Merger is consummated after February 29, 2008, and
the total number of shares of SoCal common stock
outstanding immediately following the consummation of the Spectrum Merger
exceeds the total number of shares of SoCal common stock outstanding as of
February 29, 2008, then the Company shall, on the thirtieth calendar day (or, if
not a trading day, the next succeeding trading day) following the consummation
of the Spectrum Merger, grant to Executive a nonqualified stock option to
purchase a number of shares of SoCal common stock equal to 2.50% of the excess
of the total number of shares of SoCal common stock outstanding immediately
following the consummation of the Spectrum Merger over the total number of
shares of SoCal common stock outstanding as of February 29, 2008 (the "Spectrum Make-Whole Option").

     

    
      
        
        

      

      
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    (c)    Subsequent Acquisition Make-Whole Option.
In addition, provided that Executive is then employed by the Company, in
the event that (i) the Company consummates an acquisition transaction (other
than the Spectrum Merger) in which the holders of SoCal common stock immediately
prior to such transaction continue, immediately after such transaction, to
control more than 50% of the total outstanding shares of SoCal common stock (or
equity securities of the surviving entity if the Company is not the surviving
entity (any such equity securities, "New Equity")),
and (ii) the total number of shares of SoCal common stock (or New Equity)
outstanding immediately after the consummation of such acquisition transaction
exceeds the total number of shares of SoCal common stock outstanding immediately
prior to the consummation of such transaction, as determined in the sole and
absolute discretion of the Company (any such excess, the "Transaction Share Increase"),
then the Company (or the surviving entity) shall, on the thirtieth
calendar day (or, if not a trading day, the next succeeding trading day)
following the consummation of such acquisition, grant to Executive a
nonqualified option to purchase a number of shares of SoCal common stock (or New
Equity) equal to 2.50% of the Transaction Share Increase (the "Subsequent Acquisition Make-Whole Option" and, together with the Initial
Option and the Spectrum Make-Whole Option, the "Options").

     

    (d)    Option
Terms. Each
Option shall be granted at an exercise price per share equal to the Fair Market
Value of a share of SoCal common stock on the applicable date of grant. The
terms and conditions of the Options, including without limitation any applicable
vesting and forfeiture conditions, shall be set forth in Stock Option Agreements
substantially in the form attached hereto as Exhibit A, to be
entered into by the Company and Executive (the "Option Agreement"). The Options shall, subject to the
provisions of this Section 5, be governed in all respects by the terms of the
Plan and the applicable Option Agreement.

    

               6.    BENEFITS AND VACATION. During
the Term, (i) Executive and his dependents shall be eligible as of the Effective
Date to participate in Company's medical and dental insurance programs at the
Company's expense, (ii) Executive shall be eligible to participate in all
incentive, savings and retirement plans, practices, policies and programs
maintained or sponsored by the Company from time to time which are applicable to
other senior executives of the Company, including without limitation, a Company
401(k) plan, subject to the terms and conditions thereof, and (iii) Executive
shall be eligible for standard benefits, such as paid time off and holidays, to
the extent applicable generally to other senior executives of the Company,
provided
that, during the Term, Executive shall be entitled to no less than twelve (12)
vacation days per year (i.e.,
four weeks of vacation), pro-rated for any partial year of service, in
all cases, subject to the terms and conditions of the applicable Company plans
or policies. In addition, without limiting the generality of the foregoing, the
Company shall make available to Executive any long-term disability insurance
policy which it may provide for other senior executives of the Company on the
same terms and conditions as are made available to such other senior
executives.

     

    7.    EXPENSES.
During the Term, Executive shall be entitled to receive prompt reimbursement of
all reasonable business expenses incurred by Executive in accordance with
Company expense reimbursement policy applicable to its senior executives, as in
effect from time to time, including expenses incurred traveling to and from the
Company's principal offices. To the extent that any such expenses are deemed to
constitute compensation to Executive, including without limitation travel
expenses incurred traveling to and from the Company's principal offices, such
expenses shall be reimbursed by December 31 of the year following the year in
which the expense was incurred. The amount of any such expenses reimbursed in
one year shall not affect the amount eligible for reimbursement in any
subsequent year and Executive's right to reimbursement of any such expenses
shall not be subject to liquidation or exchange for any other
benefit.

     

    
      
        
        

      

      
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    8.    TERMINATION OF
EMPLOYMENT.

    

                          (a)    Termination
Without Cause.
The Company may terminate Executive's employment without Cause (as
defined below) at any time during the Term upon thirty (30) days' written notice
provided to Executive in accordance with Section 10 below, or in the Company's
sole discretion, payment of Executive's Base Salary for such period in lieu of
notice. If Executive has a "separation from service" (within the meaning of
Section 409A(a)(2)(A)(i) of the Internal Revenue Code of 1986, as amended, and
Treasury Regulation Section 1.409A-1(h)) ("Separation from Service") by the Company without Cause, the
Company shall promptly or, in the case of obligations described in clause (iv)
below, as such obligations become due, pay or provide to Executive, (i)
Executive's earned but unpaid Base Compensation accrued through the date of such
Separation from Service (the "Termination Date"), (ii) accrued but unpaid vacation
time through the Termination Date, (iii) reimbursement of any business expenses
incurred by Executive prior to the Termination Date that are reimbursable under
Section 7 above, (iv) any vested benefits and other amounts due to Executive
under any plan, program or policy of the Company, and (v) any payment in lieu of
notice of termination under this Section 8(a) (together, the "Accrued Obligations"). In addition, subject to Section
8(e) below and Executive's execution and non-revocation of a binding release in
accordance with Section 8(f) below, in the event of a termination of Executive's
employment by the Company without Cause, the Company shall pay or provide to
Executive (the "Severance"):

    

    (x) a
lump-sum cash payment equal to the sum of (A) Executive's Base Compensation at
the rate in effect as of the Termination Date, plus (B) a pro rata portion of
Executive's target annual bonus for the calendar year in which the Termination
Date occurs, determined by multiplying the target annual bonus by a fraction,
the numerator of which equals the number of days elapsed
in the calendar year of termination through the Termination Date and the
denominator of which equals 365, and

     

    (y) at
the Company's expense, continuation of group healthcare coverage for Executive
and his legal dependents until the earlier of twelve months from the Termination
Date or such time as Executive becomes eligible to receive medical benefits
under another group health plan, provided that Executive properly elects
continuation healthcare coverage under Section 4980B of the Internal Revenue
Code and the regulations thereunder; following such continuation period, any
further continuation of such coverage under applicable law shall be at
Executive's sole expense.

    

                        Subject
to Section 8(e) below, the Severance amounts described in Section 8(a)(x) above
shall be paid to Executive no later than 15 calendar days following the
Termination Date, which payment schedule is intended to satisfy the
short-deferral exemption under Treasury Regulation Section
1.409A-1(b)(4).

    

               (b)    Resignation.
Executive may terminate his employment at any time upon thirty (30) days'
written notice provided to Company in accordance with Section 10 below, provided, that the Company
may, in its sole discretion, waive such notice period without payment in lieu
thereof.

     

    (c)    Death;
Disability. If Executive dies during the Term or his employment is
terminated due to his total and permanent disability (as determined by the
Board), Executive or his estate, as applicable, shall be entitled to receive the
Accrued Obligations promptly or, in the case of benefits described in Section
8(a)(iv) above, as such obligations become due.

     

    
      
        
        

      

      
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    (d)    Cause. The
Company may terminate Executive's employment for Cause by providing notice to
Executive in accordance with Section 10 below. If the Company terminates
Executive's employment for Cause, Executive shall be entitled to receive the
Accrued Obligations promptly or, in the case of benefits described in Section
8(a)(iv) above, as such obligations become due.

     

    (e)    Potential
Six-Month Delay. Notwithstanding anything to the contrary in this
Agreement, compensation and benefits that become payable in connection with a
termination of employment (if any), including without limitation any Severance
payments, shall be paid to Executive during the 6-month period following his
Separation from Service only to the extent that the Company reasonably
determines that paying such amounts at the time or times indicated in this
Agreement will not cause Executive to incur additional taxes under Section 409A
of the Internal Revenue Code of 1986, as amended (together with Department of
Treasury regulations issued thereunder, "Section 409A"). If the payment of any
such amounts is delayed as a result of the previous sentence, then on the first
business day following the end of such 6- month period (or such earlier date
upon which such amount can be paid under Section 409A without being subject to
such additional taxes, including as a result of Executive's death), the Company
shall pay to Executive a lump-sum amount equal to the cumulative amount that
would have otherwise been payable to Executive during such 6-month
period.

     

    (f)    Release. Executive's right to
receive the Severance payments and benefits set forth in this Section 8 is
conditioned on and subject to the execution and non-revocation by Executive of a
general release of claims against the Company, in a form reasonably acceptable
to the Company.

     

    (g)    Termination of
Offices and Directorships. Upon termination of
Executive's employment for any reason, Executive shall be deemed to have
resigned from all offices and directorships, if any, then held with the Company
or any affiliate, and shall take all actions reasonably requested by the Company
to effectuate the foregoing.

     

    (h)           Definitions. For purposes of this
Agreement:

     

    (i)           "Cause" shall mean (A)
Executive willfully fails to perform or habitually neglects the duties which
Executive is required to perform hereunder, (B) Executive willfully engages in
illegal activity which materially adversely affects the Company's reputation in
the community or which evidences Executive's lack of fitness or ability to
perform his duties as reasonably determined by the Board in good faith, (C)
Executive willfully engages in the falsification of reports or makes material,
intentional misrepresentations or omissions of information supplied to the Bank,
SoCal or to regulatory agencies, (D) Executive willfully commits any act which
would cause termination of coverage under the Bank's Bankers' Blanket Bond, (E)
Executive willfully breaches a fiduciary duty, exhibits dishonesty or
deliberately or repeatedly disregards material policies or procedures of the
Company, (F) Executive breaches this Agreement in any material respect, (G)
Executive willfully engages in conduct or acts of moral turpitude that are
materially injurious to the Company or any of its subsidiaries and affiliates,
(H) Executive is suspended or temporarily or permanently removed or prohibited
from participating in the conduct of the business of the Company by the FDIC,
DFI, FRB or any other banking authority, or (I) the Bank is in default under the
provisions of 12 U.S.C. Section 1813(x)(1). Notwithstanding the foregoing,
Executive's employment with the Company shall not be deemed to have been
terminated for Cause unless the Company provides written notice to Executive in
accordance with Section 10 below of its intention to terminate his employment
for Cause, setting forth the specific facts or circumstances constituting Cause
and, in the case of facts or circumstances that are capable of cure, Executive
has failed to cure such circumstances within fifteen days of such
notice.

    

    
      
        
        

      

      
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        9.    INTERNAL
REVENUE CODE SECTION 280G. If all or any portion of
the amounts payable to Executive under this Agreement, either alone or together
with other payments to which Executive is or may become entitled, constitute
"excess parachute payments" within the meaning of Section 280G of the Internal
Revenue Code of 1986, as amended (the "Code") that are subject to the
excise tax imposed by Section 4999 of the Code (or similar tax and/or
assessment), then Executive shall be responsible for the payment of such excise
taxes and the Company (and its successor) shall be responsible for any loss of
deductibility thereto; provided, however, that the Company and
Executive shall cooperate with each other and use commercially reasonable
efforts to minimize, to the greatest extent possible (but subject to applicable
law), the amount of excise taxes imposed under Section 4999 of the Code by
virtue of Section 280G of the Code. The determination of the amount of any such
excise taxes shall be made by the independent accounting firm employed by the
Company immediately prior to the change in control
or such other independent accounting firm or advisor as may be selected by the
Company, subject to Executive's approval, which shall not be unreasonably
withheld.

         

        10.   NOTICE. Any notice
or other communication required or permitted under this Agreement shall be
effective only if it is in writing and delivered personally or sent by fax,
email or registered or certified mail, postage prepaid, addressed as follows (or
if it is sent through any other method agreed upon by the
parties):

      

    

    

    If to the
Company:

    

    Belvedere
SoCal

    1
Maritime Plaza

    Suite
825

    San
Francisco, CA 94111

    (415)
434-1236

    Attention:
Jae Lim

    

               
If to Executive: to Executive's most current home address on file with the
Company's Human Resources Department, or to such other address as any party
hereto may designate by notice to the other in accordance with this Section 10,
and shall be deemed to have been given upon receipt.

     

    
      11.   COVENANTS.

    

    

                          (a)    Noncompetition,
Nonsolicitation and Nondisclosure by Executive.

    

                                    (i)    Executive
hereby agrees that he shall not, during the Term, directly or indirectly,
whether as an employee, employer, consultant, agent, principal, stockholder,
officer, director, or in any other individual or representative capacity, engage
or participate in any competitive banking or financial services
business.

    

                                    (ii)   Executive hereby
agrees that he shall not, during the Term and for the nine (9)-month period
immediately following termination of Executive's employment hereunder (the
"Restricted Period"),
solicit, encourage or assist, directly, indirectly or in any manner whatsoever,
any employees of the Company or its affiliates or subsidiaries (including any
former employees who voluntarily terminated employment with the Company within a
twelve (12)-month period prior to Executive's termination of employment with the
Company) to resign or to apply for or accept employment with any other
competitive banking or financial services business within the counties in
California in which the Company has located its offices. In addition, Executive
hereby agrees that he shall not, at any time, use any Proprietary Information
(as defined below) to solicit, encourage or assist, directly, indirectly or in
any manner whatsoever, any customer, person or entity that has a business
relationship with the Company or, during the twelve (12)-month period prior to
Executive's termination of employment with the Company, was engaged in a
business relationship with the Company, to terminate such business relationship
and engage in a business relationship with any other competitive
banking or financial services business within the counties in California in
which the Company has located its offices.

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

       

    

               (b)    Disclosure of
Information. Executive shall not, at any time, without the prior written
consent of the Board or except as required by law to comply with legal process
including, without limitation, by oral questions, interrogatories, requests for
information or documents, subpoena, civil investigative demand or similar
process, disclose to anyone any financial information, trade or business
secrets, customer lists, computer software or other information concerning the
business or operations of the Company or its affiliates or subsidiaries (the
"Proprietary Information"); provided, that Proprietary
Information shall not include information (i) in or which enters the public
domain (other than by breach of Executive's obligations hereunder), (ii)
acquired by Executive other than in connection with his employment, or (iii)
that is disclosed to Executive by a third party not obligated to the Company to
keep such information confidential. Executive further recognizes and
acknowledges that any financial information concerning any customers of the
Company or its affiliates or subsidiaries is strictly confidential and is a
valuable, special and unique asset of the Company's business which also
constitutes Proprietary Information. Executive shall not, at any time, without
such consent or except as required by law, disclose to anyone said financial
information or any part thereof, for any reason or purpose whatsoever. In the
event Executive is required by law to disclose such information described in
this Section 11(b), Executive will provide the Company with immediate notice of
such request so that it may consider seeking a protective order. If, in the
absence of a protective order or the receipt of a waiver hereunder, Executive is
nonetheless, in the opinion of knowledgeable counsel, compelled to disclose any
of such information to any tribunal or any other party or else stand liable for
contempt or suffer other material censure or material penalty, then Executive
may disclose (on an "as needed" basis only) such information to such tribunal or
other party without liability hereunder. Notwithstanding the foregoing,
Executive may disclose such information concerning the business or operations of
the Company and its affiliates and subsidiaries as reasonably necessary in the
proper performance of Executive's duties and responsibilities hereunder or as
may be required by the FRB, DFI, FDIC or other regulatory agency having
jurisdiction over the operations of the Company in connection with an
examination of the Company or other proceeding conducted by such regulatory
agency.

     

    (c)    Non-Disparagement.
During the Term and for a period of twelve (12) months following
termination of this Agreement and Executive's employment hereunder, (i)
Executive agrees that he shall not publicly or privately disparage, defame or
criticize the Company, its affiliates, subsidiaries, officers or directors, and
(ii) the Company agrees that none of its officers or directors shall publicly or
privately disparage, defame or criticize Executive.

     

    (d)    Written, Printed
or Electronic Material. All written, printed and electronic material,
notebooks and records including, without limitation, computer disks used by
Executive in performing duties for the Company, other than Executive's personal
address lists, telephone lists, notes and diaries, are and shall remain the sole
property of the Company. Upon termination of Executive's employment or earlier
request by the Company, Executive shall promptly return all such materials
(including all copies, extracts and summaries thereof) to the
Company.

     

    (e)           Breach of
Covenants.
Executive acknowledges that a breach by him of any of the covenants or
restrictions contained in this Section 11 will cause irreparable damage to the
Company, the exact amount of which will be difficult to ascertain, and that the
remedies at law for any such breach will be inadequate. Accordingly, Executive
agrees that if he breaches or attempts to breach any such covenants or
restrictions, the Company shall be entitled to temporary or permanent injunctive
relief with respect to any such breach or attempted breach (in addition to any
other remedies, at law or in equity, as may be available to the Company),
without posting bond or other security.

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

       

    

    12.   INDEMNIFICATION. The
Company shall defend and indemnify Executive, to the extent permitted by law, if
he becomes a party or is threatened to be made a party in any action brought by
a third party against Executive (whether or not the Bank or SoCal is joined as a
party defendant) against expenses, judgments, fines, settlements and other
amounts actually and reasonably incurred in connection with said action if
Executive acted in good faith and in a manner Executive reasonably believed to
be in the best interests of the Company (and, with respect to a criminal
proceeding, if Executive had no reasonable cause to believe his conduct was
unlawful), provided that the alleged conduct of Executive arose out of and was
within the course and scope of his employment as an officer or director of the
Company.

    

    13.   REPRESENTATIONS.
Executive hereby represents and warrants to the Company that (a) Executive is
entering into this Agreement voluntarily and that the performance of his
obligations hereunder will not violate any agreement between Executive and any
other person, firm, organization or other entity, and (b) Executive is not bound
by the terms of any agreement with any previous employer or other party to
refrain from competing, directly or indirectly, with the business of such
previous employer or other party that would be violated by his entering into
this Agreement and/or providing services to the Company pursuant to the terms of
this Agreement.

    

    14.   CODE SECTION 409A.
Certain payments and benefits under this Agreement may constitute "nonqualified
deferred compensation" within the meaning of Section 409A. To the extent
applicable, this Agreement shall be interpreted in accordance with Section 409A.
Notwithstanding any provision of this Agreement to the contrary, if at any time
Executive and the Company mutually determine that any payments or benefits
payable hereunder may be subject to Section 409A, the parties shall work
together to adopt such amendments to this Agreement or take any other actions
that the parties determine are necessary or appropriate to (i) exempt such
payments and benefits from Section 409A and/or preserve the intended tax
treatment of such payments or benefits, or (ii) comply with the requirements of
Section 409A and thereby avoid the application of penalty taxes under Section
409A.

    

    15.   WITHHOLDING. The
Company may withhold from any amounts payable under this Agreement such federal,
state, local or foreign taxes as shall be required to be withheld pursuant to
any applicable law or regulation.

    

    16.   ENTIRE AGREEMENT. As
of the Effective Date, this Agreement, together with any Option Agreement(s),
constitutes the final, complete and exclusive agreement between Executive and
the Company with respect to the subject matter hereof and replaces and
supersedes any and all other agreements, offers or promises, whether oral or
written, made to Executive
by the Company or any representative thereof. Executive agrees that any such
agreement, offer or promise is hereby terminated and will be of no further force
or effect, and that upon his execution of this Agreement, Executive will have no
right or interest in or with respect to any such agreement, offer or
promise.

     

    17.   AMENDMENT. The terms
of this Agreement may not be amended or modified other than by a written
instrument executed by the parties hereto or their respective
successors.

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

       

    

    18.   ACKNOWLEDGEMENT.
Executive hereby acknowledges (a) that Executive has consulted with or
has had the opportunity to consult with independent counsel of his own choice
concerning this Agreement, and has been advised to do so by the Company, and (b)
that Executive has read and understands this Agreement, is fully aware of its
legal effect, and has entered into it freely based on his own
judgment.

    

    19.   GOVERNING LAW. This
Agreement shall be governed by and construed in accordance with the laws of the
State of California, without regard to conflicts of laws principles
thereof.

    

    20.   NO WAIVER. Failure
by either party hereto to insist upon strict compliance with any provision of
this Agreement or to assert any right such party may have hereunder shall not be
deemed to be a waiver of such provision or right or any other provision or right
of this Agreement.

    

    21.   ASSIGNMENT. This
Agreement is binding on and for the benefit of the parties hereto and their
respective successors, heirs, executors, administrators and other legal
representatives. Neither this Agreement nor any right or obligation hereunder
may be assigned by Executive.

    

    22.   SEVERABILITY. The
invalidity or unenforceability of any provision of this Agreement shall not
affect the validity or enforceability of any other provision of this
Agreement.

    

    23.   CONSTRUCTION. The
parties hereto acknowledge and agree that each party has reviewed and negotiated
the terms and provisions of this Agreement and has had the opportunity to
contribute to its revision. Accordingly, the rule of construction to the effect
that ambiguities are resolved against the drafting party shall not be employed
in the interpretation of this Agreement. Rather, the terms of this Agreement
shall be construed fairly as to all parties hereto and not in favor or against
any party by the rule of construction abovementioned.

    

    24.   COUNTERPARTS. This
Agreement may be executed in several counterparts, each of which shall be deemed
an original, but all of which shall constitute one and the same
instrument.

    

    25.   CAPTIONS. The
captions of this Agreement are not part of the provisions hereof, rather they
are included for convenience only and shall have no force or
effect.

    

    [SIGNATURE
PAGE FOLLOWS]

     

    
      
        
        

      

      
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    IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day
and year first above written.

    

    
      	 
      	 
      	
              BELVEDERE
      SOCAL

            
	 
      	 
      	 
      
	
              /s/
      Alan J.
      Lane                                
      

            	 
      	
              By: /s/ Alison
      Davis                                          
      

            
	
              Alan
      J. Lane

            	 
      	
                   
      Name: Alison Davis

            
	
              ("Executive")

            	 
      	
                   
      Title: CEO

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	
              PROFESSIONAL
      BUSINESS BANK

            
	 
      	 
      	 
      
	 
      	 
      	
              By: /s/ Alison
      Davis                                          

            
	 
      	 
      	
                   
      Name: Alison Davis

            
	 
      	 
      	
                   
      Title: Director

            

    

     

     

    11

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