Exhibit 10.3
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| 559/449-9400 |
| Fax | 559/449-9493 |
| URL www.nawes.com | |
July 11, 2005 |
| 7429 N. First Street |
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| Suite 104 |
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| Fresno, CA 93720 |
Coast National Bank |
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Ms. Davina Palazzo |
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Executive Vice President |
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500 Marsh Street |
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San Luis Obispo, CA |
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Re: Office Space / Fresno, CA
Dear Ms. Palazzo:
In regard to Coast National Bank (CNB) procuring temporary office space in Fresno, California, NAI Commercial Pacific (NAI), has agreed with your employee, Mr. Patrick Durkin to enter into a month-to-month office use agreement.
The terms of the agreement are as follows:
1. Space: One individual private office within the rental space of NAI Commercial Pacific’s Fresno office.
2. Location: 7429 N. First St., Suite 104, Fresno, CA 93720
3. Term: Month-to-month but in no event to be less than six (6) months in duration with the opportunity to extend term with the consent of both parties.
4. Rent: The rental rate shall be $1,300.00 per month in advance with zero deposit.
5. Other matters: Coast National Bank shall have the right to use all facilities within the office space including conference room, copier, fax capabilities and coffee service within normal and customary uses. NAI Commercial Pacific will provide telephone with separate direct line. Telephone local calls will be at no cost to CNB but all long distance will be charged back. NAI will provide five (5) days per week janitorial services and pay all utility charges associated with rental space.
We look forward to having Mr. Durkin in the office and look forward to a good relationship. Please let us know the commencement date for our files.
Sincerely, | ||||||
NAI Commercial Pacific | ||||||
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/s/ Gary C. Mathias |
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Gary C. Mathias, President |
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AGREED AND APPROVED | ||||||
BY: | /s/ Davina Palazzo |
| DATE: | 7/13/05 |
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| Davina Palazzo |
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| Executive Vice President |
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BY: | /s/ Patrick Durkin, V. P. |
| DATE: | 7/13/05 |
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| Patrick Durkin, V. P. |
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| Business Development Officer |
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[ILLEGIBLE] |
| The United State |
| Mexico |
| Canada |
| South America |
| Europe | |
COMMERCIAL REAL ESTATE SERVICES WORLDWIDE. |
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