Consultation Fee Agreement between Circle Bank and Steven B. Leonard for Acquisition of 999 Grant Note

Summary

This agreement is between Circle Bank and Steven B. Leonard. If Circle Bank successfully acquires a specific note and deed of trust from Umpqua Bank, Steven B. Leonard will receive a $16,000 consulting fee for his services related to the acquisition. The agreement is confirmed by both parties' signatures and is contingent upon the completion of the acquisition.

EX-10.10 145 ex10_10.htm EXHIBIT 10.10 Unassociated Document
Exhibit 10.10
 
 
Mr. Steven B. Leonard
 
222 Club Drive
 
Novato, CA 94945
 
415 ###-###-####
 
December 9, 2009
 
Ms. Kim Kaselionas
 
CIRCLE BANK
 
1400 Grant Avenue
 
Novato, CA 94945
 
RE:       Consultation Fee Agreement
 
    Acquisition of 999 Grant Note and Deed of Trust from Umpqua Bank
 
Kim,
 
In the event Circle Bank completes its acquisition of the Note and Deed of Trust from Umpqua Bank which is secured by 999 Grant Avenue, Novato, CA Circle Bank will agree to pay Steven B, Leonard $16,000 as a consulting fee for services rendered in connection with acquisition of this note. Please sign and return this letter as soon as possible.
 
Respectfully,
 
Steven B. Leonard
 
Agreed and Approved:
 
Circle Bank-Kim Kaselionas