Form of Non Negotiable Certificate - DJC'S Non-sustain Operations

Exhibit 10.5(b)


Non-Negotiable Certificate

Representing an Employee Participant Interest in the

Daily Journal Corporation (" DJC" ) Plan for Supplemental Compensation

to an Employee, as long as that Employee Remains Employed by DJC or one of its Subsidiaries, based on Pre-tax Earnings of DJC' s Non-Sustain Operations (" DJC Non-Consolidated" )

, 2003


This non-negotiable certificate represents the right of (the " Employee" ) to receive, in addition to all other compensation due or awarded:

(1) in December 2003, /1,805,053 of the pre-tax earnings of DJC Non-Consolidated for the year ended September 30, 2003; plus

(2) in December of each of the following nine years, the same fraction of the pre-tax earnings of DJC Non-Consolidated for the year ended the preceding September ...