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200311223 This instrument was drafted by and when recorded should be returned to: BRIGGS AND MORGAN, P.A. 2200 IDS Center Minneapolis, Minnesota 55402 Ph: (612) 977 -8400 Attention: Steven J. Ryan, Esq. NEGATIVE PLEDGE AGREEMENT THIS NEGATIVE PLEDGE AGREEMENT (this "Agreement ") is made and entered into as of this 6`h day of August, 2003 by PACIFIC REALTY COMPANY, a Nebraska corporation (the "Debtor "), in favor of U.S. BANK NATIONAL ASSOCIATION, a national banking association, for its benefit and for the benefit of the financial institutions (collectively, the "Lenders ") from time to time party to the Financing Agreement (as hereinafter defined) (in such capacity and together with its successors in such capacity, the "Agent "). RECITALS: A. PRECISION INDUSTRIES, INC., a Nebraska corporation (the 'Borrower "), the Lenders and the Agent have entered into a certain Financing Agreement dated on or about the date hereof (as the same may be amended, supplemented, restated or otherwise modified from time to time, the "Financing Agreement "), pursuant to which the Agent and the Lenders have agreed to make certain financial accommodations to the Borrower upon the terms and subject to the conditions therein set forth. B. To assure the prompt payment and performance of the obligations of the Borrower under the Financing Agreement and the other Loan Documents (as defined in the Financing Agreement), the Debtor has guaranteed the indebtedness, liabilities and obligations of the Borrower to the Lender upon the terms and subject to the conditions set forth in a certain Springing Guaranty dated on or about the date hereof (the "Guaranty "). C. Debtor owns or has rights in certain real and personal property including, without limitation the real property described on Exhibit A attached hereto (the "Real Property ") with respect to which the Debtor owns or holds fee title. 1555732vl m f�D GL ul r-" 2 CD Z 0 X n n mcn �-; " cr' o Y n N r\3 CD rn cn �• C�) v 1 r- U' CD cn w 200311223 This instrument was drafted by and when recorded should be returned to: BRIGGS AND MORGAN, P.A. 2200 IDS Center Minneapolis, Minnesota 55402 Ph: (612) 977 -8400 Attention: Steven J. Ryan, Esq. NEGATIVE PLEDGE AGREEMENT THIS NEGATIVE PLEDGE AGREEMENT (this "Agreement ") is made and entered into as of this 6`h day of August, 2003 by PACIFIC REALTY COMPANY, a Nebraska corporation (the "Debtor "), in favor of U.S. BANK NATIONAL ASSOCIATION, a national banking association, for its benefit and for the benefit of the financial institutions (collectively, the "Lenders ") from time to time party to the Financing Agreement (as hereinafter defined) (in such capacity and together with its successors in such capacity, the "Agent "). RECITALS: A. PRECISION INDUSTRIES, INC., a Nebraska corporation (the 'Borrower "), the Lenders and the Agent have entered into a certain Financing Agreement dated on or about the date hereof (as the same may be amended, supplemented, restated or otherwise modified from time to time, the "Financing Agreement "), pursuant to which the Agent and the Lenders have agreed to make certain financial accommodations to the Borrower upon the terms and subject to the conditions therein set forth. B. To assure the prompt payment and performance of the obligations of the Borrower under the Financing Agreement and the other Loan Documents (as defined in the Financing Agreement), the Debtor has guaranteed the indebtedness, liabilities and obligations of the Borrower to the Lender upon the terms and subject to the conditions set forth in a certain Springing Guaranty dated on or about the date hereof (the "Guaranty "). C. Debtor owns or has rights in certain real and personal property including, without limitation the real property described on Exhibit A attached hereto (the "Real Property ") with respect to which the Debtor owns or holds fee title. 1555732vl m f�D GL ul r-" 2 CD Z 0