200105233
<br />DEBTOR: GLOBAL INDUSTRIES, INC.
<br />2928 EAST U.S. HIGHWAY 30
<br />GRAND ISLAND, NE 68801 -8318
<br />SECURED PARTY: WELLS FARGO BANK NEBRASKA, NATIONAL ASSOCIATION
<br />1919 DOUGLAS STREET
<br />OMAHA, NEBRASKA 68102
<br />EXHIBIT "B"
<br />a. All inventory of the Debtor in all of its forms, wherever located, whether now
<br />owned or hereafter acquired, including, without limitation, (i) all raw materials and work in
<br />process therefor, finished goods thereof, and materials used or consumed in the manufacture or
<br />production thereof, (ii) all goods in which the Debtor has an interest en mass or a joint or other
<br />interest or right of any kind (including, without limitation, goods in which the Debtor has an
<br />interest or right as consignee), and (iii) all goods which are returned to or repossessed by the
<br />Debtor, and all accessions thereto, products thereof and documents therefor;
<br />b. All equipment of Debtor, whether now owned or hereafter acquired, including but
<br />not limited to present and future machinery, vehicles, furniture, fixtures, manufacturing
<br />equipment, farm machinery and equipment, shop equipment, office and record keeping
<br />equipment, parts and tools, and the goods described in any equipment schedule or list herewith
<br />or hereafter furnished to Secured Party by Debtor (but no such schedule or list need be
<br />furnished in order for the security interest granted herein to be valid as to all of Debtor's
<br />equipment);
<br />C. Each and every right of Debtor to the payment of money, whether such right to
<br />payment now exists or hereafter arises, whether such right to payment arises out of a sale,
<br />lease or other disposition of goods or other property by Debtor, out of a rendering of services by
<br />Debtor, out of a loan by Debtor, out of the overpayment of taxes or other liabilities of Debtor, or
<br />otherwise arises under any contract or agreement, whether such right to payments is or is not
<br />already earned by performance, and howsoever such right to payment may be evidenced,
<br />together with all other rights and interests (including all liens and security interests) which
<br />Debtor may at any time have by law or agreement against any account of Debtor or other
<br />obligor obligated to make any such payment or against any of the property of such account
<br />Debtor or other obligor; all including but not limited to all present and future debt instruments,
<br />chattel papers, accounts, loans and obligations receivable and tax refunds;
<br />d. All general intangibles of Debtor, whether now owned or hereafter acquired,
<br />including, but not limited to, all patents or applications for patents, al copyrights, trademarks,
<br />trade secrets, good will, trade names, customers' lists, permits and franchises, and the right to
<br />use Debtor's name;
<br />together with all substitutions and replacements for and products of any of the foregoing
<br />property not constituting consumer goods and together with proceeds of any and all of the
<br />foregoing property and, in the case of tangible Collateral, together with all accessions and,
<br />except in the case of consumer goods, together with (i) all accessories, attachments, parts,
<br />equipment and repairs now or hereafter attached or affixed to or used in connection with any
<br />such goods, and (ii) all warehouse receipts, bills of lading and other documents of title now or
<br />hereafter covering such goods.
<br />147000
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