1. LEASE: This LEASE is made and entered into on June 22, 2004, between Robert & Elise Olson and
Randolph Ramsay & Lizbeth Gladwill, hereinafter referred to as Lessor, and Mission Community Bank,
hereinafter referred to as Lessee.
2. PREMISES: Lessee had inspected the Premises, described as 3480 South Higuera St. San Luis Obispo,
CA 93401, Suites 100 and 110, and accepts them in their present condition as a “shell” facility, further to be
improved to a mutually agreeable standard for occupancy as a bank loan production office. (See attached
“Lessee / Lessor Improvements”) Lessee hereby rents the Premises in an “as is, where is” condition, with all
faults, whether latent or patent. Lessor makes no representations or warranties to Lessee with regard to the
Premises, express or implied, including but not limited to warranties of fitness for a particular purpose. Any
reference, either verbal or written, to the actual size of the Premises is based on the “gross square footage” of
the suite and is an approximation. Lessee agrees to maintain the Premises in good condition and repair at his
own expense, including, light fixtures, HVAC filters & maintenance, window coverings and phone / data
circuits that may be required for his business.
3. TERM: The Term of this lease is Five (5) years, commencing on (See attached “Lessee Improvements”)
July 1, 2004 , and terminating at midnight on June 30, 2009, unless extended or sooner terminated as
provided for in this lease.
5 . RENT: The monthly rent for the Premises shall be $6,000.00 per month. Rent shall be abated until
certificate of occupancy is issued and prorated as necessary. Rent shall be paid in advance on the first day of
each calendar month of occupancy, and shall be paid without any deduction or offset whatsoever. Rents
should be mailed or hand delivered to: Olson / Ramsay @ 855 Capitolio Way, San Luis Obi