SEC Contract Filing

Filing Date: 2018-07-30

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>tv499616_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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 <TITLE></TITLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exhibit
10.2</B></FONT></P>

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<TR STYLE="vertical-align: top">
 <TD STYLE="width: 35%; text-align: center; padding-top: 5pt"><FONT STYLE="font-size: 18pt"><U>COMMUNITY BANK</U></FONT></TD>
 <TD STYLE="width: 30%"><FONT STYLE="font-size: 18pt">&nbsp;</FONT></TD>
 <TD STYLE="width: 35%"><FONT STYLE="font-size: 18pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
 <TD STYLE="text-align: center; padding-top: 5pt"><FONT STYLE="font-size: 10pt"><I>Partnership Banking&deg;</I></FONT></TD>
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 12pt"><B>COMMERCIAL
SECURITY AGREEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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 <TD STYLE="vertical-align: top; width: 18%; border: black 1pt solid; padding: 2pt">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Principal</B></P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>$10,000,000.00</B></P></TD>
 <TD STYLE="vertical-align: top; width: 12%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Loan Date</B></P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>07-12-2018</B></P></TD>
 <TD STYLE="vertical-align: top; width: 12%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Maturity</B></P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>08-01-2020</B></P></TD>
 <TD STYLE="vertical-align: top; width: 14%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Loan No</B></P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>155354101</B></P></TD>
 <TD STYLE="vertical-align: top; width: 14%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Call / Coll</B></FONT></TD>
 <TD STYLE="width: 14%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Account</B></P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>600714</B></P></TD>
 <TD STYLE="vertical-align: top; width: 8%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Officer</B></FONT></TD>
 <TD STYLE="vertical-align: top; width: 8%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Initials</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
 <TD COLSPAN="8" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 2pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">References in the boxes above are for Lender's use only <B>and </B>do not limit the applicability of this document to any particular loan or item. </FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any item above containing &quot;**&quot; has been omitted due to text length limitations.</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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 <TD STYLE="width: 10%"><FONT STYLE="font-size: 10pt"><B>Borrower:</B></FONT></TD>
 <TD STYLE="width: 40%"><FONT STYLE="font-size: 10pt"><B>BISCO INDUSTRIES, INC.</B></FONT></TD>
 <TD STYLE="width: 10%"><FONT STYLE="font-size: 10pt"><B>Lender:</B></FONT></TD>
 <TD STYLE="width: 40%"><FONT STYLE="font-size: 10pt"><B>COMMUNITY BANK</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD><FONT STYLE="font-size: 10pt"><B>1500 N. LAKEVIEW AVENUE</B></FONT></TD>
 <TD>&nbsp;</TD>
 <TD><FONT STYLE="font-size: 10pt"><B>ANAHEIM BRANCH</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD><FONT STYLE="font-size: 10pt"><B>ANAHEIM, CA 92807</B></FONT></TD>
 <TD>&nbsp;</TD>
 <TD><FONT ST