EMPLOYMENT AGREEMENTEmployment Agreement • March 16th, 2007 • Beverly Hills Bancorp Inc • State commercial banks • California
This Employment Agreement is made and entered into as of October 31, 2006 by and between First Bank of Beverly Hills, a California chartered bank (the “Bank”), and Eric Rosa (“Executive”).
COMMERCIAL GUARANTYCommercial Guaranty • March 16th, 2007 • Beverly Hills Bancorp Inc • State commercial banks • Tennessee
CONTINUING UNLIMITED GUARANTY. For good and valuable consideration, Beverly Hills Bancorp, Inc. (“Guarantor”) absolutely and unconditionally guarantees to First Tennessee Bank National Association (“Lender”) or its order, the timely performance and payment by Wilshire Acquisitions Corporation (“Borrower”) of the Indebtedness on the terms and conditions set forth in this Guaranty. Under this Guaranty, the liability of Guarantor is unlimited and the obligations of Guarantor are continuing.
REVOLVING CREDIT NOTERevolving Credit Note • March 16th, 2007 • Beverly Hills Bancorp Inc • State commercial banks
This Note, including unpaid principal and all accrued and unpaid interest, is due and payable in full on November 30, 2007 (the “Maturity Date”). In addition, on each Interest Payment Date, Borrower will make quarterly payments of all accrued and unpaid interest due as of such Date, beginning March 1, 2007. For purposes of this Note, the “Interest Payment Dates” shall be March 1, June 1, September 1 and November 30. Unless other wise agreed or required by applicable law, payments will be applied first to accrued unpaid interest, then to principal, and any remaining amount to any unpaid collection costs. The annual interest rate for this Note is computed on a 365/360 basis; that is, by applying the ratio of the annual interest rate over a year of 360 days, multiplied by the outstanding principal balance, multiplied by the actual number of days the principal balance is outstanding. All installments of interest, and the principal hereof, are payable at the office of Lender, 845 Crossover
LOAN AGREEMENTLoan Agreement • March 16th, 2007 • Beverly Hills Bancorp Inc • State commercial banks • Tennessee
THIS LOAN AGREEMENT (hereinafter called this “Agreement”) is made and entered into this 30th day of November, 2006 by and between WILSHIRE ACQUISITIONS CORPORATION, a Nevada corporation (hereinafter called “Borrower”), BEVERLY HILLS BANCORP INC., a Delaware corporation, (hereinafter called “Guarantor”) and FIRST TENNESSEE BANK NATIONAL ASSOCIATION, a national banking association having its principal office located in Memphis, Tennessee (“Lender”).
