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<br />G Recording Req sted By, nnt') A rTl ~ OJ -IfTl 0
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<br />G And After Recording, Return To: ffi > ~) o -., 0
<br />--" WELLS FARGO BANK, O(./) o \ --..J -"z -
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<br />-..J NATIONAL ASSOCIATION 0 0 :r: r'1 i
<br />OJ 1740 Broadway, 3rd Floor P-o /3 0 X ,,5' ~ V 7 rt1 t :n );>. CD 0
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<br /> Denver, Co 80274 <n I-' (f)
<br /> Attn: Loan Documentation I-' :;:0;: 0
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<br /> 200601078
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<br />ASSIGNMENT OF PROMISSORY NOTE AND DEED OF TRUST
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<br />FOR VALUE RECEIVED, the receipt and sufficiency of which is hereby acknowledged, the
<br />undersigned (collectivciy, "Assignor") hereby assigns to WELLS FARGO BAN:<, NATIONAL
<br />ASSOCIATION ("Bank"), as security pursuant to the terms hereof and of any pledge or security
<br />agreement executed by Assignor in connection with or evidencing the assignment referenced herein, all
<br />right, title and interest of Assignor in and to that certain revolving promissory note dated as of June 13,
<br />2002, executed by GLOBAL INDUSTRIES, INC and payable to Assignor, or order, in the principal amount
<br />of Ten Million Dollars ($10,000,000.00), and that certain term promissory note dated as of June 13,2002,
<br />executed by GLOBAL INDUSTRIES, INC and payable to Assignor, or order, in the principal amount of
<br />Two Million Eight Hundred Fifty Thousand ($2,850,000.00) (the "Notes"), together with all right, title and
<br />interest of Assignor in, to and under that certain Deed of Trust securing the Note, dated as of June 13,
<br />2002, and executed by GLOBAL INDUSTRIES, INC and THE COUNTY OF HALL, NEBRASKA, as
<br />Trustor, to WELLS FARGO CREDIT, INC., as Trustee, for the benefit of Assignor, which Deed of Trust
<br />was recorded on June 21, 2002, as Instrument (Serial) No. 200206623, of the Official Records of Hall
<br />County, Nebraska (the "Deed of Trust"), with respect to the real property described on Exhibit A attached
<br />hereto and incorporated herein by this reference.
<br />
<br />In addition to all other obligations, responsibilities and undertakings of Assignor hereunder or under
<br />any above-described pledge or security agreement, Assignor covenants to Bank that Assignor will: (a)
<br />provide to Bank all evidence, including without limitation any policy of title insurance, required by Bank to
<br />verify the representations of Assignor as to the title to the property subject to the Deed of Trust; (b)
<br />ensure, at the direction of Bank, the maintenance of all reasonable and necessary insurance to protect
<br />the property subject to the Deed of Trust against loss by fire, flood or any other hazard of any nature; and
<br />(c) undertake all reasonable and necessary actions. including without limitation compliance with all
<br />requirements imposed by Bank, to ensure that the interest of Bank in the Note and the Deed of Trust
<br />pursuant to this Assignment is not impaired.
<br />
<br />S :\Documentation\ T eam31Ne braska
<br />62441\LegaIIGloballndustries, Inc. (Hall) C-
<br />506_ne.doc (Rev. 04/05) Db # 4375073518
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