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I 200011184 3. Lessor hereby reserves the right to occupy, possess and use the Project Premises for the continued maintenance thereon of Lessor's manufacturing and industrial plant facilities and to make improvements thereon to be financed in part through the issuance of said bonds as hereinbefore referred to, and to effectuate the continued possession, use and occupancy by Global of the Project Premises herein above described. Lessee hereby agrees to lease to Lessor the Project, including the Project Premises, commencing contemporaneously herewith and continuing for a term of years equal to the term hereof upon terms and conditions mutually agreeable to the parties hereto, including and providing for rental payments sufficient to pay the principal of and interest on the bonds as the same become due from time to time. 4. This lease shall be binding upon the parties hereto and upon their respective grantees, successors and assigns and shall be and remain in full force and effect from and after December 1, 2000, until December 1, 2020, or until such time, either lesser or greater, and without regard to whether Lessor is at any time dispossessed (for any reason) of any right, title or interest in or to either the parcel of land described above or any improvements located thereon, as may be required in order to provide for the payment in full of all principal, interest and premium (if any) of all of said bonds to be issued pursuant to and under said Indenture of Trust to finance in part the improvements to be made by Lessor to and on the parcel of land hereby leased. Upon the payment by Lessor of all of the principal, interest and premium (if any) on said bonds, this lease shall cease and terminate; however, until such payment shall have been made in full, Lessor shall have no right to terminate this lease or to in any way amend or change any of its terms and provisions without the express written consent of the Lessee, the Trustee under the Indenture of Trust pursuant to which the bonds are to be issued and by which said bonds are to be secured, and, where required by either (a) the lease from Lessee to Lessor referred to in Paragraph 3 hereof, or (b) said Indenture of Trust, the concurring written consent of the requisite percentage of bondholders. 5. Any notice which may be required to be given hereunder shall be in writing and served on an executive officer of the party to whom such notice is to be given or sent by registered or certified mail, postage prepaid, return receipt requested, addressed as follows: When intended for Lessor: Global Industries, Inc. 2928 East U.S. Highway 30 Grand Island, NE 68802 Attn: President 3