EXHIBIT 10.2 [LETTERHEAD OF CITY NATIONAL BANK] LOAN REVISION AGREEMENT (Unsecured or Secured by Personal Property Only)Loan Revision Agreement • August 16th, 1999 • Zenith National Insurance Corp • Fire, marine & casualty insurance
LOAN REVISION AGREEMENTLoan Revision Agreement • December 29th, 2003 • Daily Journal Corp • Newspapers: publishing or publishing & printing
This Loan Revision Agreement (“Agreement”) dated September 12, 2003, refers to the loan evidenced by a promissory note (“Note”) dated January 2, 2001, in favor of City National Bank, a national banking association (“CNB”) executed by Daily Journal Corporation, a South Carolina corporation (“Borrower”), in the amount of $2,000,000.00, payable in full on March 1, 2016, subject to the installment maturities therein, if any. The Note is secured by a deed of trust dated January 2, 2001 executed by Borrower for the benefit of CNB (hereinafter referred to as the “encumbrance”), recorded on February 13, 2001, as Instrument No. 01-0232153, in the Recorder’s Office of Los Angeles County, State of California.
LOAN REVISION AGREEMENTLoan Revision Agreement • August 13th, 2004 • Daily Journal Corp • Newspapers: publishing or publishing & printing
This Loan Revision Agreement amends the terms of that certain loan (“Loan”) evidenced by a Note Secured by Deed of Trust dated June 3, 2004, in favor of City National Bank, a national banking association (“CNB”) executed by Daily Journal Corporation, a South Carolina corporation (“Borrower”) in the original principal amount of $3,400,000.00 (“Note”). The Note is secured by that certain Deed of Trust, Assignment of Rents, Security Agreement and Fixture Filing dated June 3, 2004 (“Deed of Trust”) executed by Borrower as trustor for the benefit of CNB, recorded on June 17, 2004, as Instrument No. 04-1547725, in the Official Records of Los Angeles County, State of California, (“Deed of Trust”).
