BANK HOLDINGS
EX-10.4.1
<DOCUMENT>
<TYPE>EX-10.4.1
<SEQUENCE>10
<FILENAME>exhibit9.htm
<DESCRIPTION>EX-10.4.1
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<P align="center" style="font-size: 10pt"><FONT style="font-size: 16pt"><B>NEVADA SECURITY BANK</B></FONT>



<P align="center" style="font-size: 16pt"><B>SPLIT DOLLAR AGREEMENT</B></FONT><FONT style="font-size: 24pt"></FONT>



<P align="left" style="font-size: 24pt; text-indent: 4%"><FONT style="font-size: 12pt">THIS AGREEMENT is made and entered into this <U>_15th<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></U> day of
<U>September</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, 2005, by and between NEVADA SECURITY BANK, a banking corporation organized
under the laws of the State of Nevada located in Reno, Nevada, California (the &#147;Employer&#148;), and Joe
Bourdeau (the &#147;Executive&#148;). This Agreement shall accompany the Split Dollar Endorsement entered
into on even date herewith, or as subsequently amended, by and between the aforementioned parties.
</FONT>

<P align="center" style="font-size: 12pt"><FONT style="font-size: 14pt"><B>INTRODUCTION</B></FONT>



<P align="left" style="font-size: 14pt; text-indent: 4%"><FONT style="font-size: 12pt">To encourage the Executive to remain an employee of the Employer, the Employer is willing
to divide the Net Death Proceeds of a life insurance policy(ies) on the Executive&#146;s life between
the Employer and the beneficiaries of the Executive on the terms and conditions as provided in this
Agreement. The Employer will pay the premiums for such life insurance policy(ies) from its general
assets.
</FONT>

<P align="center" style="font-size: 12pt"><B>Article&nbsp;1</B>



<P align="center" style="font-size: 12pt"><B>General Definitions</B>



<P align="left" style="font-size: 12pt">The following terms shall have the meanings specified:


<P align="left" style="font-size: 12pt; text-indent: 4%">1.1 &#147;<I>Accrual Balance</I>&#148; means the liability that should be accrued by the Employer, under
Generally Accepted Accounting Principles (&#147;GAAP&#148;), for the Employer&#146;s obligation to the Executive
under the Executive&#146;s Salary Continuation Agreement (&#147;SCA&#148;), dated September, 2005, and any
amendments thereto, by applying (i)&nbsp;Accounting Principles Board Opinion Number 12 (&#147;APB 12&#148;) as
amended by Statement of Financial Accounting Standards Number 106 (&#147;FAS 106&#148;) and any subsequent
accounting treatment required under GAAP and (ii)&nbsp;the Discount Rate. Any one of a variety of
amortization methods may be used to determine the Accrual Balance. However, once chosen, the
method must be consistently applied.


<P align="left" style="font-size: 12pt; text-indent: 4%">1.2 <I>&#147;Insurer(s)&#148; </I>means Security Life of Denver Insurance Company and/or The New York Life
Insurance Company and/or Lincoln Benefit Life Company.


<P align="left" style="font-size: 12pt; text-indent: 4%">1.3 &#147;<I>Net Death Proceeds</I>&#148; means the total death proceeds of the Policy(ies) minus the cash
surrender value with respect to such Policy(ies).


<P align="left" style="font-size: 12pt; text-indent: 4%"><I>1.4 &#147;Policy(ies)&#148; </I>means the insurance policy(ies) issued by Security Life of Denver Insurance
Company and/or The New York Life Insurance Company and/or Lincoln Benefit Life Company.


<P align="left" style="font-size: 12pt; text-indent: 4%"><I>1.5 &#147;Insured&#148; </I>means the Executive.


<P align="left" style="font-size: 12pt; text-indent: 4%"><I>1.6 &#147;Retirement&#148; </I>means the date no earlier than the date upon which Executive reaches the age
of 62 and which the Executive acknowledges in writing to Employer to be the last day the Executive
will provide any significant personal services, whether as an employee, director or independent
consultant or contractor, to Employer or to, for, or on behalf of, any other business entity
conducting, performing or making available to any person or entity banking or other financial
services of any kind. For purposes of this Agreement, the phrase &#147;significant personal services&#148;
shall mean more than 10 hours of personal services rendered to one or more individuals or entities
in any 30&nbsp;day period.


<P align="left" style="font-size: 12pt; text-indent: 4%">1.7 <I>&#147;Termination of Employment&#148; </I>means the Executive ceasing to be employed by the Employer for
any reason whatsoever, including voluntary or involuntary termination, but excluding Retirement or
ceasing to be employed by reason of Executive having an approved leave of absence. For purposes of
this Agreement, if there is a dispute over the employment status of the Executive or the date of
the Executive&#146;s Termination of Employment, the Employer shall have the sole and absolute right to
determine the termination date.


<P align="center" style="font-size: 12pt"><B>Article&nbsp;2<BR>
Policy Ownership/Interests</B>



<P align="left" style="font-size: 12pt; text-indent: 4%">2.1 <I>Employer Ownership. </I>The Employer is the sole owner of the Policy(ies) and shall have the
right to exercise all incidents of ownership. The Employer shall be the beneficiary of the Net
Death Proceeds, less the Executive&#146;s interest in the Net Death Proceeds provided pursuant to
Sections&nbsp;2.2 and 2.3 herein. This Agreement may be amended or terminated only by a written
agreement signed by the Employer and the Executive.


<P align="left" style="font-size: 12pt; text-indent: 4%">2.2 <I>Executive&#146;s Interest &#150; Prior to Retirement. </I>If the Executive dies while actively
employed by Employer prior to Retirement, and subject to Sections&nbsp;2.5 and 2.6 herein, Executive&#146;s
designated beneficiary shall have the right to a death benefit (&#147;DB&#148;) in an amount equal to the
Accrual Balance, calculated as of the date of Executive&#146;s death, provided that in no event shall
the DB exceed the greater of (i)&nbsp;Net Death Proceeds or (ii)&nbsp;premiums paid by the Employer for the
Policy(ies). The aforementioned present value shall be computed using the long term monthly
Applicable Federal Rate at the time of the Executive&#146;s death.


<P align="left" style="font-size: 12pt; text-indent: 4%">2.3 <I>Executive&#146;s Interest &#150; After Reaching Retirement. </I>If Executive dies upon or after
Retirement, and subject to Sections&nbsp;2.5 and 2.6 herein, Executive&#146;s designated beneficiary shall
have the right to a DB in an amount equal to the Accrual Balance, calculated as of the date of
Executive&#146;s death, provided that in no event shall the DB exceed the greater of (i)&nbsp;Net Death
Proceeds or (ii)&nbsp;premiums paid by the Employer for the Policy(ies).


<P align="left" style="font-size: 12pt; text-indent: 4%">2.4 <I>Option to Purchase. </I>The Employer shall not sell, surrender or transfer ownership of the
Policy(ies) while this Agreement is in effect without first giving the Executive or the Executive&#146;s
transferee the option to purchase the Policy(ies) for a period of 60&nbsp;days from written notice of
such intention. The purchase price shall be an amount equal to the cash surrender value of the
Policy(ies). This provision shall not impair the right of the Employer to terminate this
Agreement, and any assumption of the Policy(ies) pursuant to a Change in Control of the Employer as
defined in the SCA shall not be considered a sale, surrender or transfer of ownership of the
Policy(ies) for purposes of this Section&nbsp;2.4.


<P align="left" style="font-size: 12pt; text-indent: 4%">2.5 <I>Termination of Agreement in Event of Corporate Change of Control</I>. If Executive receives
any payment under Section&nbsp;3.6 of the SCA (Termination of Employment in Event of Change of Control),
Executive and Employer agree this Agreement shall automatically terminate along with all of
Executive&#146;s interests herein and further agree that no benefits pursuant to this Agreement shall be
payable by Employer to Executive&#146;s beneficiaries.


<P align="left" style="font-size: 12pt; text-indent: 4%">2.6 <I>Termination of Agreement upon Termination of Employment. </I>Notwithstanding the provisions
of Sections&nbsp;2.2 and 2.3, Executive and Employer agree this Agreement shall automatically terminate
along with all of Executive&#146;s interests herein and further agree that no benefits pursuant to this
Agreement shall be payable by Employer to Executive&#146;s beneficiaries in the event of Executive&#146;s
Termination of Employment.


<P align="center" style="font-size: 12pt"><B>Article&nbsp;3<BR>
Premiums</B>



<P align="left" style="font-size: 12pt; text-indent: 4%">3.1 <I>Premium Payment. </I>The Employer shall pay any premiums due on the Policy(ies).


<P align="left" style="font-size: 12pt; text-indent: 4%">3.2 <I>Imputed Income. </I>The Employer shall impute income to the Executive for the benefits
provided by this Agreement as required under federal and state income tax laws, and the liability
for such taxes shall be the Executive&#146;s.


<P align="center" style="font-size: 12pt"><B>Article&nbsp;4<BR>
Assignment</B>



<P align="left" style="font-size: 12pt; text-indent: 4%">The Executive may assign without consideration all interests in the Policy(ies) and in this
Agreement to any person, entity or trust. In the event the Executive transfers all of the
Executive&#146;s interest in the Policy(ies), then all of the Executive&#146;s interest in the Policy(ies)
and in the Agreement shall be vested in the Executive&#146;s transferee, who shall be substituted as a
party hereunder and the Executive shall have no further interest in the Policy(ies) or in this
Agreement.


<P align="center" style="font-size: 12pt"><B>Article&nbsp;5<BR>
Insurer</B>



<P align="left" style="font-size: 12pt; text-indent: 4%">The Insurer shall be bound only by the terms of the Policy(ies). Any payments the Insurer
makes or actions it takes in accordance with the Policy(ies) shall fully discharge it from all
claims, suits and demands of all entities or persons. The Insurer shall not be bound by or be
deemed to have notice of the provisions of this Agreement.


<P align="center" style="font-size: 12pt"><B>Article&nbsp;6<BR>
Claims Procedure</B>



<P align="left" style="font-size: 12pt; text-indent: 4%">6.1 <I>Claims Procedure. </I>The Employer shall notify any person or entity that makes a claim
under this Agreement (the &#147;Claimant&#146;) in writing, within 90&nbsp;days of Claimant&#146;s written application
for benefits, of his or her eligibility or ineligibility for benefits under this Agreement. If the
Employer determines that the Claimant is not eligible for benefits or full benefits, the notice
shall set forth (1)&nbsp;the specific reasons for such denial, (2)&nbsp;a specific reference to the
provisions of this Agreement on which the denial is based, (3)&nbsp;a description of any additional
information or material necessary for the Claimant to perfect his or her claim, and a description
of why it is needed, and (4)&nbsp;an explanation of this Agreement&#146;s claims review procedure and other
appropriate information as to the steps to be taken if the Claimant wishes to have the claim
reviewed. If the Employer determines that there are special circumstances requiring additional time
to make a decision, the Employer shall notify the Claimant of the special circumstances and the
date by which a decision is expected to be made, and may extend the time for up to an additional 90
days.


<P align="left" style="font-size: 12pt; text-indent: 4%">6.2 <I>Review Procedure. </I>If the Claimant is determined by the Employer not to be eligible for
benefits, or if the Claimant believes that he or she is entitled to greater or different benefits,
the Claimant shall have the opportunity to have such claim reviewed by the Employer by filing a
petition for review with the Employer within 60&nbsp;days after receipt of the notice issued by the
Employer. Said petition shall state the specific reasons which the Claimant believes entitles him
or her to benefits or to greater or different benefits. Within 60&nbsp;days after receipt by the
Employer of the petition, the Employer shall afford the Claimant (and counsel, if any) an
opportunity to present his or her position to the Employer verbally or in writing, and the Claimant
(or counsel) shall have the right to review the pertinent documents. The Employer shall notify the
Claimant of its decision in writing within the sixty-day period, stating specifically the basis of
its decision, written in a manner to be understood by the Claimant and the specific provisions of
this Agreement on which the decision is based. If, because of the need for a hearing, the 60-day
period is not sufficient, the decision may be deferred for up to another 60-day period at the
election of the Employer, but notice of this deferral shall be given to the Claimant.


<P align="center" style="font-size: 12pt"><B>Article&nbsp;7<BR>
Amendments and Termination</B>



<P align="left" style="font-size: 12pt; text-indent: 4%">This Agreement may be amended or terminated only by a written agreement signed by the Employer
and the Executive.


<P align="center" style="font-size: 12pt"><B>Article&nbsp;8<BR>
Miscellaneous</B>



<P align="left" style="font-size: 12pt; text-indent: 4%">8.1 <I>Binding Effect. </I>This Agreement shall bind the Executive and the Employer and their
beneficiaries, survivors, executors, administrators and transferees, and any Policy(ies)
beneficiary.


<P align="left" style="font-size: 12pt; text-indent: 4%"><I>8.2 No Guarantee of Employment. </I>This Agreement is not an employment policy or contract. It
does not give the Executive the right to remain an employee of the Employer, nor does it interfere
with the Employer&#146;s right to discharge the Executive. It also does not require the Executive to
remain an employee nor interfere with the Executive&#146;s right to terminate employment at any time.


<P align="left" style="font-size: 12pt; text-indent: 4%">8.3 <I>Applicable Law. </I>The Agreement and all rights hereunder shall be governed by and
construed according to the laws of Nevada, except to the extent preempted by the laws of the United
States of America.


<P align="left" style="font-size: 12pt; text-indent: 4%">8.4 <I>Reorganization. </I>The Employer 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 Employer.


<P align="left" style="font-size: 12pt; text-indent: 4%">8.5 <I>Notice. </I>Any notice, consent or demand required or permitted to be given under the
provisions of this Split Dollar Agreement by one party to another shall be in writing, shall be
signed by the party giving or making the same, and may be given either by delivering the same to
such other party personally, or by mailing the same, by United States certified mail, postage
prepaid, to such party, addressed to his or her last known address as shown on the records of the
Employer. The date of such mailing shall be deemed the date of such mailed notice, consent or
demand.


<P align="left" style="font-size: 12pt; text-indent: 4%">8.6 <I>Entire Agreement. </I>This Agreement constitutes the entire agreement between the Employer
and the Executive as to the subject matter hereof. No rights are granted to the Executive by virtue
of this Agreement other than those specifically set forth herein.


<P align="left" style="font-size: 12pt; text-indent: 4%">8.7 <I>Administration. </I>The Employer shall have powers which are necessary to administer this
Agreement, including but not limited to:


<P align="left" style="font-size: 12pt; text-indent: 2%">(a)&nbsp;Interpreting the provisions of the Agreement;


<P align="left" style="font-size: 12pt; text-indent: 2%">(b)&nbsp;Establishing and revising the method of accounting for the Agreement;


<P align="left" style="font-size: 12pt; text-indent: 2%">(c)&nbsp;Maintaining a record of benefit payments; and


<P align="left" style="font-size: 12pt; text-indent: 2%">(d)&nbsp;Establishing rules and prescribing any forms necessary or desirable to administer the
Agreement.


<P align="center" style="font-size: 10pt; display: none; text-indent: 2%">1
<!-- PAGEBREAK -->

<P align="left" style="font-size: 12pt; text-indent: 4%">8.8 <I>Named Fiduciary. </I>The Employer shall be the named fiduciary and plan administrator under
the Agreement. The named fiduciary may delegate to others certain aspects of the management and
operation responsibilities of the plan including the employment of advisors and the delegation of
ministerial duties to qualified individuals


<P align="left" style="font-size: 12pt">IN WITNESS WHEREOF, the parties have executed this Agreement the day and year first above written.

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
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<TR valign="bottom">
    <TD width="44%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
</TR>

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<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">EXECUTIVE:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">EMPLOYER:<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">NEVADA SECURITY BANK<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px">/s/Joe Bourdeau</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">/s/Ed Allison</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">________________________</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">By  _____________________________<BR></TD>
</TR>
<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt"><FONT style="font-size: 18pt">
</FONT>

<P align="center" style="font-size: 10pt; display: none">2
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<P align="center" style="font-size: 18pt"><FONT style="font-size: 12pt"><B>BENEFICIARY DESIGNATION FORM<BR>
SPLIT DOLLAR PLAN AGREEMENT</B></FONT>


<DIV align="center">
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<TR valign="bottom">
    <TD width="46%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="24%">&nbsp;</TD>
</TR>

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<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>PRIMARY DESIGNATION:</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">SSN
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Address
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Relationship</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>


<P align="left" style="font-size: 12pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>


<P align="left" style="font-size: 12pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
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<TR valign="bottom">
    <TD width="27%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>

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<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD colspan="3" valign="top" align="left"><B>SECONDARY (CONTINGENT)&nbsp;DESIGNATION:</B><BR></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">SSN
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Address
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Relationship</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>


<P align="left" style="font-size: 12pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>


<P align="left" style="font-size: 12pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>


<P align="left" style="font-size: 12pt">All sums payable under the Life Insurance Agreement by reason of my death shall be paid to the
Primary Beneficiary, if he or she survives me, and if no Primary Beneficiary shall survive me, then
to the Secondary (Contingent) Beneficiary(ies).

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
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<TR valign="bottom">
    <TD width="53%">&nbsp;</TD>
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    <TD width="42%">&nbsp;</TD>
</TR>

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<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">September&nbsp;15, 2005<BR>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/Joe Bourdeau<BR>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt">Date


<P align="center" style="font-size: 10pt; display: none">3
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<P align="center" style="font-size: 12pt"><B>CONSENT OF THE EXECUTIVE&#146;S SPOUSE</B>



<P align="center" style="font-size: 12pt"><B>TO THE ABOVE BENEFICIARY DESIGNATION:</B>



<P align="left" style="font-size: 12pt">I, <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, being the spouse of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, after being afforded the opportunity to consult
with independent counsel of my choosing, do hereby acknowledge that I have read, agree and consent
to the foregoing Beneficiary Designation which relates to the split dollar agreement entered into
by my spouse on <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, 2005. I understand that the above Beneficiary Designation
adversely affects my community property interest in the benefits provided for under the terms of
such agreement. I understand that I have been advised to consult with an attorney of my choice
prior to executing this consent, so that such attorney can explain the effects of this consent.

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
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<TR valign="bottom">
    <TD width="61%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="34%">&nbsp;</TD>
</TR>

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<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dated:<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, 2005
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, Spouse</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt">(Notarization required if the Executive&#146;s spouse is not the sole primary beneficiary)


<P align="center" style="font-size: 10pt; display: none">4
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<P align="center" style="font-size: 12pt"><FONT style="font-size: 14pt"><B>SPLIT DOLLAR POLICY ENDORSEMENT</B></FONT>



<P align="center" style="font-size: 14pt"><B>NEVADA SECURITY BANK SPLIT DOLLAR AGREEMENT</B>



<P align="left" style="font-size: 14pt"><FONT style="font-size: 12pt">Policy. <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>Number xxx</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>(Security Life of Denver Insurance Company and/or The New
York Life Insurance Company and/or Lincoln Benefit Life Company)
<BR>
Insured: <U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>Joe Bourdeau<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></U>
</FONT>

<P align="left" style="font-size: 12pt; text-indent: 4%">Supplementing and amending the application for insurance to Security Life of Denver Insurance
Company and/or The New York Life Insurance Company and/or Lincoln Benefit Life Company (&#147;Insurer&#148;)
on August&nbsp;17, 2004&#091;date of application&#093;, the applicant requests and directs that:


<P align="center" style="font-size: 12pt"><U><B>BENEFICIARIES</B></U>



<P align="left" style="font-size: 12pt; text-indent: 4%">1.&nbsp;NEVADA SECURITY BANK, a Nevada banking corporation located in Reno, Nevada, (the
&#147;Employer&#148;), shall be the beneficiary of Net Death Proceeds remaining after the Insured&#146;s interest
has been paid pursuant to paragraph (2)&nbsp;below.


<P align="left" style="font-size: 12pt; text-indent: 4%">2.&nbsp;The beneficiary of the death benefit (&#147;DB&#148;) in the amount specified in Sections&nbsp;2.2 or 2.3
of the Executive&#146;s Split Dollar Agreement, dated September&nbsp;15, 2005 (&#147;SDA&#148;), shall be designated by
the Insured or the Insured&#146;s transferee, subject to the provisions of paragraph (5)&nbsp;below.


<P align="center" style="font-size: 12pt"><U><B>OWNERSHIP</B></U>



<P align="left" style="font-size: 12pt; text-indent: 4%">3.&nbsp;The Owner of the Policy(ies) shall be the Employer. The Owner shall have all ownership
rights in the Policy(ies) except as may be specifically granted to the Insured or the Insured&#146;s
transferee in paragraph (4)&nbsp;of this endorsement.


<P align="left" style="font-size: 12pt; text-indent: 4%">4.&nbsp;Subject to applicable law, the Insured or the Insured&#146;s transferee shall have the right to
assign his or her rights and interests in the Policy(ies) with respect to the DB and to exercise
all related settlement options.


<P align="left" style="font-size: 12pt">5.&nbsp;Notwithstanding the provisions of paragraph (4)&nbsp;above, the Insured or the Insured&#146;s transferee
shall have no rights or interests in the Policy(ies) with respect to that portion of the Net Death
Proceeds designated in paragraph (2)&nbsp;of this endorsement if (i)&nbsp;Executive receives any payment
pursuant to Section&nbsp;3.6 of the SCA or (ii)&nbsp;in the event of Termination of Employment as defined in
the SDA.


<P align="center" style="font-size: 12pt"><U><B>MODIFICATION OF ASSIGNMENT PROVISIONS OF THE POLICY(IES)</B></U>



<P align="left" style="font-size: 12pt; text-indent: 4%">Upon the death of the Insured, the interest of any collateral assignee of the Owner of the
Policy(ies) designated in paragraph (3)&nbsp;above shall be limited to the portion of the proceeds
described in paragraph (1)&nbsp;above.


<P align="center" style="font-size: 12pt"><U><B>OWNERS AUTHORITY </B></U>



<P align="left" style="font-size: 12pt; text-indent: 4%">The Insurer is hereby authorized to recognize the Owner&#146;s claim to rights hereunder without
investigating the reason for any action taken by the Owner, including its statement of the amount
of premiums it has paid on the Policy(ies). The signature of the Owner shall be sufficient for the
exercise of any rights under this Endorsement and the receipt of the Owner for any sums received by
it shall be a full discharge and release therefore to the Insurer.


<P align="left" style="font-size: 12pt">Any transferee&#146;s rights shall be subject to this Endorsement.


<P align="left" style="font-size: 12pt">The owner accepts and agrees to this split dollar endorsement.


<P align="left" style="font-size: 12pt">Signed at <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>Reno</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, Nevada, this <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>15th_</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>day of <U>September</U>, 2005


<P align="left" style="font-size: 12pt"><B>NEVADA SECURITY BANK</B>


<P align="left" style="font-size: 12pt">By <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>/s/ Ed Allison</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
<BR>
Its Chairman of the Board


<P align="left" style="font-size: 12pt">The Insured accepts and agrees to the foregoing and, subject to the rights of the Owner as stated
above, designates <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><B>, </B>(relationship: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>) as primary beneficiary(s) and
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>relationship:<U>
</U>) as secondary beneficiary of the portion of the proceeds described in (2)&nbsp;above.


<P align="left" style="font-size: 12pt">Signed at <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>Reno</U>_, Nevada, this <U>15th</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>day of <U>September</U>, 2005


<P align="left" style="font-size: 12pt"><B>THE INSURED</B>:


<P align="left" style="font-size: 12pt"><FONT style="font-size: 11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>/s/ Joe Bourdeau</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
</FONT>


<P align="center" style="font-size: 10pt; display: none">5


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