Document:

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                                                                  EXHIBIT 10.10

                            FIRST FINANCIAL BANCORP.
                             DIRECTOR FEE STOCK PLAN
                        EFFECTIVE AS OF FEBRUARY 27, 2001

1.       NAME AND PURPOSE.

         (a) The plan set forth herein shall be known as the First Financial
Bancorp. Director Fee Stock Plan (the "Plan"). The amendment and restatement of
the Plan set forth herein is effective as of February 27, 2001. The Plan
originally was effective as of May 25, 1999.

         (b) The purpose of the Plan is to enable Directors of First Financial
Bancorp. (the "Corporation") to acquire a proprietary interest in the growth and
performance of the Corporation and thereby an increased incentive to work for
the future success of the Corporation, by delivering common shares, without par
value, of the Corporation (the "Common Shares") to the Directors in payment of
their annual retainer.

2.       ADMINISTRATION.

         (a) The plan shall be administered by the Compensation Committee of the
Board of Directors of the Corporation (the "Committee").

         (b) The Committee shall, subject to the applicable provisions of the
Plan, have full authority and discretion to interpret the Plan, to prescribe,
amend and rescind rules and regulations relating to the Plan, to prepare forms
to use with respect to the Plan, to prepare material explaining the Plan to
Directors, and to make all other determinations necessary or advisable for the
administration of the Plan. The Committee's determination as to any matter
relating to the interpretation of the Plan shall be conclusive on all persons.

         (c) The Committee may delegate to any other persons the ability to act
on behalf of the Committee with respect to any of the duties assigned to the
Committee under the Plan, including the duty to appoint and/or terminate an
independent manager in accordance with the provisions of paragraphs (d) and (f)
of this Section 2. Any action of such persons, when within the scope of their
authority as assigned by the Committee, shall be treated the same as if it had
been performed by the Committee. The Committee shall, if it delegates any of its
duties to other persons, oversee the activity of such persons to ensure that the
duties delegated to such persons are being performed competently.

         (d) Further, the Committee shall appoint a bank, a brokerage house or
any other entity, which is not part of the controlled group of corporations
(within the meaning of section 1563 of the Internal Revenue Code) that includes
the Corporation, to act as an independent manager of certain stock accounts
required under the subsequent provisions of the Plan, to issue statements to
Directors concerning their accounts, and to do any other duties assigned to the
independent manager by the terms of the Plan or by the Committee (such bank,
brokerage house or other entity being herein called the "Independent Manager").

         (e) The compensation of the Independent Manager for providing services
for the Plan shall be determined by agreement between the Committee and the
Independent Manager.

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         (f) The Independent Manager shall serve at the pleasure of the
Committee and may be terminated at any time by the Committee upon at least 60
days prior written notice to the Independent Manager (or upon such lesser notice
as is agreed to by the Committee and the Independent Manager). Similarly, the
Independent Manager may resign its position at any time upon at least 60 days
prior written notice to the Committee (or upon such lesser notice as is agreed
to by the Committee and the Independent Manager). If any Independent Manager is
terminated or resigns, the Committee shall appoint another bank, brokerage house
or other entity, which is not part of the controlled group of corporations that
includes the Corporation, to serve as Independent Manager under the Plan as of
the effective date of the prior Independent Manager's termination or
resignation.

         (g) Except as otherwise may be expressly provided in the Plan, all
expenses of administering the Plan, including the compensation of the
Independent Manager and commissions and brokerage fees incurred for the purchase
of Common Shares under the Plan, and any applicable city income tax deposits
attributable to the directors' annual retainer, shall be paid by the
Corporation.

3.       ELIGIBLE EMPLOYEES.

         For purposes of the Plan, a "Director" refers to, as of any date, a
person who is serving as a director of the Corporation.

4.       DIRECTOR FEE CONTRIBUTIONS.

         (a) On July 20, October 20, January 20 and April 20 of each year (or if
any such date is not a business day, on the next succeeding business day) (the
"Payment Date"), the Corporation will forward to the Independent Manager the
Quarterly Amount for each Director, which Quarterly Amount will be allocated to
a non-interest bearing account maintained by the Independent Manager in the name
of the Director (the "Director's Fee Account") until such amounts are applied to
purchase Common Shares. The "Quarterly Amount" is the quotient of (i) amount of
the annual retainer authorized (as of such Payment Date) to be paid to each
Director (ii) divided by four.

         (b) In addition, amounts which are attributable to cash dividends paid
on Common Shares held in a Director's Stock Account will, to the extent provided
in Section 6(b) below, also be allocated to the Director's Fee Account until
such amounts are applied to purchase Common Shares or are distributed in
accordance with the provisions of Section 5 below.

         (c) No interest shall be paid or allocated on any amounts allocated to
a Director's Fee Account.

5.       PURCHASE OF COMMON SHARES.

         (a) The Independent Manager shall use the amounts allocated under
Section 4 above to a Director's Fee Account to purchase, as soon as the
Independent Manager determines that it is legally and commercially practical to
buy the Common Shares then required for the Plan, as many whole Common Shares as
can be purchased with such amounts. The Independent Manager will use its best
efforts to purchase such Common Shares by the last day of the calendar quarter
in which it receives the Quarterly Amounts. Any such purchase of Common Shares
will be made in the name of the Independent Manager's nominee for the account of
the Plan and effected in accordance with the following provisions. The Common
Shares will be purchased on the largest national securities exchange on which
Common Shares are then listed, at the then prevailing market prices of such
shares.

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         (b) In the event that, after the maximum whole number of Common Shares
has been purchased with respect to the amounts allocated to a Director's Fee
Account as of any date under the foregoing provisions of this Section 5, an
amount remains held under such Director's Fee Account, such amount will be used,
to the extent possible, to purchase Common Shares under and in accordance with
the foregoing provisions of this Section 5 as soon as the Independent Manager
determines that it is legally and commercially practical on or after any date on
which additional amounts are allocated to such account under the provisions of
Section 4 above (or, if earlier, on or after any date on which such amounts are
able on their own to purchase one or more whole Common Shares) to purchase the
Common Shares then required for the Plan.

         (c) Common Shares purchased with respect to amounts allocated to a
Director's Fee Account shall be held in an account maintained by the Independent
Manager in the name of the Director (the "Stock Account").

         (d) If any amount is still allocated to a Director's Fee Account as of
a Payment Date which begins after he has ceased to serve as a Director of the
Corporation and has requested his entire Stock Account under Section 6 below,
then such amount will, to the extent it cannot then purchase a whole number of
Common Shares, be paid in cash by the Independent Manager to the Director as
soon as administratively practical after such Payment Date.

6.       DISTRIBUTION OF STOCK ACCOUNT.

         (a) Until distributed or sold under the following provisions of this
Section 6, all Common Shares purchased under the Plan with respect to a Director
shall be held in the Director's Stock Account. Any Common Shares held in a
Director's Stock Account shall at all times constitute assets of the Director
and not of the Independent Manager or the Corporation, and the Director shall be
entitled to all the rights and privileges of a shareholder with respect to
shares held in his Stock Account, including full voting and dividend rights
applicable to Common Shares.

         (b) Further, any dividends paid with respect to Common Shares held in a
Director's Stock Account shall be used, as soon as the Independent Manager
determines that it is legally and commercially practical following the payment
of such dividends to buy the Common Shares then required for the Plan, to
purchase for the Director's Stock Account the maximum whole number of Common
Shares which such amounts can purchase. Such purchase shall be made in
accordance with the provisions of Section 5 above. Any remaining amount of such
dividends which is not then sufficient to purchase additional whole Common
Shares shall at such time be allocated to the Director's Fee Account.

         (c) A Director (or, in the case of the Director's death, his estate)
may request at any time, pursuant to any reasonable administrative rules
established by the Committee and the Independent Manager for this purpose, that
the Independent Manager distribute to him (or, if applicable, his estate) the
Director's entire Stock Account or any portion of such Stock Account. As soon as
administratively practicable following such request, the Independent Manager
shall distribute to the Director (or, in the event of the Director's death, his
estate) the portion of the Director's Stock Account which has been requested in
accordance with the following provisions:

                  (i) Except as otherwise provided below, such distribution
shall be effected by the Independent Manager distributing, or causing to be
distributed, to the Director (or, if applicable, to his estate) a stock
certificate for the number of Common Shares then held in that portion of the
Director's Stock Account which has been requested. At the date of distribution,
if such Common Shares have not been held in the Director's Stock Account for at
least 12 months after their date of purchase, the stock certificates shall bear
the following legend:

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                  THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
                  REGISTERED UNDER THE SECURITIES ACT OF 1933. THESE SECURITIES
                  MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED
                  IN THE ABSENCE OF REGISTRATION OR THE AVAILABILITY OF AN
                  EXEMPTION UNDER THE SECURITIES ACT OF 1933. THE ISSUER WILL
                  NOT EFFECTUATE THE TRANSFER OF THESE SECURITIES UNLESS AND
                  UNTIL THE SECURITIES HAVE BEEN REGISTERED UNDER THE SECURITIES
                  ACT OF 1933 OR THE ISSUER HAS BEEN ADVISED BY COUNSEL
                  SATISFACTORY TO IT THAT AN EXEMPTION FROM THE REGISTRATION
                  REQUIREMENTS OF SUCH ACT IS AVAILABLE FOR SUCH TRANSFER.

                  THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO, AND
                  ARE TRANSFERABLE ONLY ON COMPLIANCE WITH THE FIRST FINANCIAL
                  BANCORP. DIRECTOR FEE STOCK PLAN.

Prior to any sale or other distribution (except a gift) of the distributed
Common Shares by the Director, the Director must hold (including the time period
during which the Common Shares were held in the Director's Stock Account) such
distributed Common Shares for at least 12 months after their date of purchase.

                  (ii) Further, notwithstanding the foregoing but subject to the
following provisions of this paragraph (c), the foregoing provisions of this
paragraph (c) regarding the 12 month holding period for sales by a Director, the
Director's compliance with the Corporation's Insider Trading Policy and the
Director's compliance with all legal requirements pertaining to his sale of
Common Shares, the Director (or, in the event of the Director's death, his
estate) may request that the Independent Manager cause to be sold, on behalf of
the Director (or, if applicable, on behalf of his estate) and on the largest
national securities exchange on which Common Shares are then listed, all or a
portion of the Common Shares then held in the Director's Stock Account, for the
then prevailing market prices of such shares less any commission or other
expenses of such sale, in which case the net proceeds of such sale shall be
distributed to the Director (or, in the event of the Director's death, to his
estate) instead of a stock certificate being distributed to the Director (or his
estate).

                  (iii) In the event a portion but not all of a Director's Stock
Account is to be distributed or sold under the foregoing provisions of this
paragraph (c), that portion of such Stock Account which is to be distributed or
sold shall be deemed to consist to the extent possible of Common Shares
purchased at the earliest points in time.

         (d) In addition, notwithstanding any other provision of the Plan, all
persons who have ceased to serve as Directors (or, in the event of any such
persons' deaths, their estates) must file, within 180 days of ceasing to be a
Director, a request for the distribution of their then existing Stock Accounts
under the procedures described in paragraph (c) of this Section 6. In the event
that any such persons or estates fail to file such requests, their Stock
Accounts shall be distributed in the manner described in paragraph (c)(i) of
this Section 6.

         (e) Within 15 days after the end of each calendar quarter (or at such
other intervals as the Committee may prescribe), each Director who then has a
Stock Account under the Plan shall be furnished by the Independent Manager a
statement showing the number of shares then credited to his

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Stock Account, the amount of cash then credited to his Director's Fee Account,
and such other information as the Committee prescribes. In addition, the
Independent Manager shall furnish the Committee a duplicate copy of each
statement furnished a Director under this paragraph (e) at the same time as such
statement is furnished the Director.

         7. MISCELLANEOUS PROVISIONS.

         (a) The Corporation shall have, with respect to any Director, the right
(without notice to the applicable Director) to withhold from any amounts payable
to the Director by the Corporation (including amounts contributed by the
Corporation that are used to purchase Common Shares for the Director's Stock
Account under the Plan) an amount sufficient to satisfy all federal, state, and
local withholding tax requirements that may apply with respect to amounts
contributed under the Plan for the Director.

         (b) If at any time the Committee shall determine, in its discretion,
that the listing of Common Shares purchased under the Plan on any securities
exchange, the registration or qualification of such shares under any state or
federal law, or the consent or approval of any governmental regulatory body is
necessary or desirable as a condition of, or in connection with, the purchase,
issue, or transfer of such Common Shares purchased under this Plan, then such
Common Shares shall not be purchased, issued, or transferred unless and until
one of the following conditions is satisfied: (i) such listing, registration,
qualification, consent or approval shall have been effected or obtained free of
any conditions not acceptable to the Committee, or (ii) the applicable Director
shall have agreed that the Common Shares may be issued or transferred subject to
any restrictions that will make it unnecessary to effect or obtain such listing,
registration, qualification, consent or approval.

         8. NO RIGHT OF EMPLOYMENT. Nothing contained in the Plan shall confer
on any Director any right to be continued in the position of "director" of the
Corporation.

         9. AMENDMENT OR TERMINATION OF PLAN.

         (a) The Board of Directors of the Corporation (the "Board") shall have
the right to amend, suspend, or terminate this Plan. It is provided, however,
that no action to amend, suspend, or terminate the Plan shall affect adversely
the rights of any Director under this Plan with respect to Common Shares
purchased prior to such action.

         (b) Further, the Board may, by adopting an appropriate resolution at a
valid meeting of the Board or in a writing signed by all members of the Board,
delegate to any person or committee any or all of its rights and duties
hereunder to amend, suspend, or terminate the Plan. Any such delegation shall be
valid and binding on all persons, and the person or committee to whom or which
authority is delegated shall have full power to act in all matters as delegated
until the authority expires by its terms or is revoked by the Board, as the case
may be. Any action taken by such person or committee in accordance with such
delegation may be evidenced by a writing signed by such person or committee and,
if such action is within the scope of authority so delegated, shall be given the
same effect as if the Board had taken such action itself.

         10. GOVERNING LAW. The laws of Ohio shall govern all matters relating
to this Plan except to the extent they are superseded by the laws of the United
States.

         11. GENDER. Any words used herein in the masculine shall be read and
construed in the feminine where they would so apply.

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         12. EFFECTIVE DATE OF AMENDMENT AND RESTATEMENT. The amendment and
restatement of the Plan set forth herein is effective as of February 27, 2001.
The Plan originally was effective as of May 25, 1999.

         IN WITNESS WHEREOF, the Corporation has hereunto caused its name to be
subscribed to this Plan by its duly authorized representative on the 27th day of
February, 2001, but effective for all purposes as of February 27, 2001.

                                            FIRST FINANCIAL BANCORP.

                                            By: /S/ STANLEY N. PONTIUS
                                                --------------------------------
                                               Stanley N. Pontius, President and
                                               Chief Executive Officer

                                       6<PAGE>   1
                                                                   Exhibit 10.27

                                DATE: [1.4.2000]

                                 LEASE AGREEMENT

                                     BETWEEN

                         OUTOKUMPU HARJAVALTA METALS OY

                                       AND

                               OUTOKUMPU NICKEL OY

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INDEX

I    INTERPRETATION                                                          4
       1.1   Definitions.................................................    4
       1.2   References..................................................    5
       1.3   Headings....................................................    5

2    OBJECT OF THE AGREEMENT.............................................    6
       2.1   Leased Land.................................................    6
       2.2   Construction Right..........................................    6
       2.3   Shared Areas................................................    6

3    DURATION............................................................    6

4    RENT................................................................    7
       4.1   Amount......................................................    7
       4.2   Escalation of annual rent...................................    7

5    ASSIGNMENT AND SEEKING MORTGAGE.....................................    7

6    EXCLUSION OF THE OPTION AREA........................................    8
       6.1   Right to exclude the Option Area............................    8
       6.2   Right to demolish...........................................    8
       6.3   Resulting effects...........................................    8

7    OWNER'S RIGHT TO GIVE INSTRUCTIONS..................................    9

8    CERTAIN ROADS AND OWNER'S PROPERTY ON LEASED LAND...................    9
       8.1   "Kuparitehtaantie"..........................................    9
       8.2   "Siilotie"..................................................    9
       8.3   Owner's Fixtures............................................   10
       8.4   Water Tanks.................................................   10
       8.5   Slag........................................................   11

9    LESSEE'S FIXTURES...................................................   11

10   COMPLIANCE WITH LAWS, RULES AND REGULATIONS.........................   12

11   ENVIRONMENTAL DAMAGES AND EXCLUSION OF CONSEQUENTIAL DAMAGES........   12

12   USE OF LEASED LAND..................................................   12

13   RELATIONSHIP BETWEEN THE PARTIES....................................   13
       13.1   Co-operation...............................................   13
       13.2   Co-operation Committee.....................................   13
       13.3   Hardship...................................................   13

14   GOVERNING LAW AND ARBITRATION.......................................   14

15   MISCELLANEOUS.......................................................   14
       15.1   Amendments.................................................   14
       15.2   Notices....................................................   14
       15.3   Annexes....................................................   14
       15.4   Confidentiality............................................   15

ANNEX I

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THIS AGREEMENT is made on the [1st] day of [April], 2000

BY AND BETWEEN

OUTOKUMPU HARJAVALTA METALS OY (registration number [  ]), having its registered
office in Harjavalta, Finland (hereinafter the "Owner")

AND

OUTOKUMPU NICKEL OY (registration number [ ]), having its registered office in
Harjavalta, Finland (hereinafter the "Lessee").

RECITALS:

A.       On [March 31], 2000, through a division procedure OKHA (as defined
         below) was dissolved and two new companies, the Owner and the Lessee,
         were incorporated.

B.       As a result of the division title to the Property has passed from OKHA
         to the Owner.

C.       The Owner and the Lessee own and operate their respective industrial
         plants on the Property, share a number of facilities, services and
         utilities on the Property and have certain plans to expand their
         operations and to build further premises on the Property.

D.       The Lessee is willing by this Agreement to lease from the Owner and the
         Owner is willing to lease to the Lessee the land areas the Lessee needs
         for proper operation of its plant.

OPERATIVE PROVISIONS:

1        INTERPRETATION

1.1      DEFINITIONS

         The following terms when used in this Agreement shall have the meanings
         herein assigned to them, unless their use in the context is
         inconsistent with such meanings:

         "LESSEE'S FIXTURES" shall mean any and all pipings, cabelings, fittings
         and constructions owned by the Lessee, located on the Property but
         outside the Leased Land.

         "LEASED LAND" shall, subject to Clause 6, mean the three land areas
         located on the Property as further defined in Annex 1, having the
         combined surface area of approximately 89.295 square meters. Where the
         boundary of Leased Land is in Annex 1 indicated to be immediately next
         to a building, the boundary is always construed to be two meters off
         the wall of such building.

         "OKHA" shall mean the dissolved company called Outokumpu Harjavalta
         Metals Oy (registration number 455.718).

         "OPTION AREA" shall mean the area defined in Annex I, initially
         included in the Leased Land, which may be excluded from the Leased Land
         in accordance with Clause 6. The boundary of the Option Area is
         considered be two meters off the wall of the electrolysis building
         after the demolishing work referred to in clause 6.

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         "OWNER'S FIXTURES" shall mean all pipings, cabelings, fittings,
         buildings and constructions of the Owner located on the Leased Land.

         "PROPERTY" shall mean the real estate registered under the land
         registration number 79-203-51-17 and located in the town of Harjavalta.

         "SHARED AREAS" shall mean the passages and areas located on the
         Property (both inside and outside the Leased Area) as further defined
         in Annex 1, subject to clause 6.3.

         "WATER TANKS" shall mean the two tank constructions (including pump
         stations) indicated in Annex 1.

1.2      REFERENCES

         References herein and in the Annexes hereto to any deed, agreement
         (including this Agreement) or other instrument or document or any
         provision thereof shall be deemed to include a reference to the deed,
         agreement, instrument, document or provision as varied, supplemented,
         novated, assigned or replaced from time to time.

         Unless otherwise stated, a reference to a Clause, sub-Clause or Annex
         is a reference to a Clause or sub-Clause of, or an Annex to 1 this
         Agreement.

1.3      HEADINGS

         The headings and index to this Agreement are included for convenience
         only and do not affect the interpretation of this Agreement.

2        OBJECT OF THE AGREEMENT

2.1      LEASED LAND

         The Owner hereby leases to the Lessee and the Lessee hereby leases from
         the Owner the Leased Land for the purposes of the Lessee continuing its
         industrial activity thereon.

2.2      CONSTRUCTION RIGHT

         The Owner has in the whole industrial site in Harjavalta, whereof the
         Leased Land is a part, a construction right for additional buildings of
         approximately 24.000 square meters approved by the city planning
         authorities. The Owner hereby accepts and undertakes to cooperate to
         the effect that of this additional construction right 9.000 square
         meters shall be for the benefit of the Lessee.

         In case the construction right for further buildings on the Property
         increases and exceeds the above 24.000 square meters (by act of local
         authorities) in the future then the benefit of such increase shall be
         divided between the parties in the same proportion agreed above.

         The Lessee shall be responsible to apply for all permits required for
         its use of the construction right.

2.3      SHARED AREAS

         The parties hereby grant each other a right to access and use the
         Shared Areas for traffic, parking, transportation and maintenance
         purposes.

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3        DURATION

         This lease shall commence on the date hereof and shall be valid for 50
         (fifty) years.

4        RENT

4.1      AMOUNT

         The Lessee shall pay to the Owner for the Leased Land an annual rent of
         0,80 euros per square meter, i.e. 71.436,00 euros, as escalated in
         accordance with Clause 4.2. The rent shall be paid by equal semi-annual
         installments latest on January 2nd and July 3rd of each calendar year
         against invoices issued by Metals.

4.2      ESCALATION OF ANNUAL RENT

         The amount of the rent shall be adjusted once every calendar year on
         January 1st by the percentage by which the latest Consumer Price Index
         (1951 = 100) published by the Central Statistical Office of Finland,
         available on January 1st of each calendar year, exceeds the latest
         available index figure of the month of the date hereof.

         During the first five years of the term of this Agreement the
         adjustment to the rent as defined above in this paragraph 4.2 shall be
         effected by one half of the percentage. Thereafter the adjustment shall
         be made by the full percentage.

5        ASSIGNMENT AND SEEKING MORTGAGE

         The Lessee may assign whole or part of its interest in this lease
         without the Owner's consent. Such intended transfer shall, however, be
         notified to the Owner in advance and be discussed in accordance with
         clause 13.

         The Lessee may seek mortgage as security for its leasehold rights
         hereunder without obtaining the Owner's consent.

6        EXCLUSION OF THE OPTION AREA

6.1      RIGHT TO EXCLUDE THE OPTION AREA

         The parties recognise the Owner's potential need for further land area
         in order to increase the capacity of its electrostatic precipitators
         located on the Property. Therefore it is agreed that the Owner shall
         have the right, at any time after December 31, 2003, to give a six
         months (or more) notice to the effect that the Option Area is excluded
         from the Leased Area.

6.2      RIGHT TO DEMOLISH

         The Owner shall after the effective date of such notice have the right
         at its own cost to demolish a part of the Lessee's electrolysis
         building (three building modules corresponding approximately 18 meters
         from the length of the building) such part being mainly located on the
         Option Area.

         The demolishing work shall be conducted in a manner causing as little
         inconvenience to the Lessee as reasonably possible. The Owner shall be
         responsible for any additional reconstruction work necessary in order
         to ensure the proper condition and usefulness of the remaining part of
         the building.

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6.3      RESULTING EFFECTS

         The lease payable for the Leased Area shall be adapted pro rata to
         reflect the change in the leased land area, resulting from the
         exclusion of the Option Area.

         Upon exclusion of the Option Area as provided in this clause 6 above,
         the area between the electrostatic precipitators of the Owner and the
         electrolysis building of the Lessee in no longer considered a part of
         the Shared Areas.

7        OWNER'S RIGHT TO GIVE INSTRUCTIONS

         It is agreed that the Owner shall have the right to give reasonable
         instructions to the Lessee for the purposes of securing the safety and
         order on the Property and in order to enable the proper maintenance of
         the Property. The Lessee shall comply and use its best efforts to cause
         its employees to comply with such instructions.

         It is recognized by the Lessee that on the basis of this Clause the
         Owner accepts no responsibility towards the Lessee for any failures to
         reach the objectives mentioned.

8        CERTAIN ROADS AND OWNER'S PROPERTY ON LEASED LAND

8.1      "KUPARITEHTAANTIE"

         The parties acknowledge that presently there is a road called
         "Kuparitehtaantie" across a part of the Leased Area as indicated in
         Annex 1. It is agreed that the road may remain in its present location
         and use until and unless it becomes necessary for the Lessee (at its
         sole discretion) to take the land occupied by the road in other use.
         The Lessee shall have the right to take the part of the road located in
         the Leased Area in its sole control after six months from a
         notification to the Owner. The Lessee shall compensate the Owner all
         reasonable costs caused by constructing a substitutive road outside the
         Leased Area.

8.2      "SIILOTIE"

         The parties acknowledge that presently there is a road called
         "Siilotie" across a part of the Leased Area as indicated in Annex 1. It
         is agreed that all roads on the piece of the Leased Area where also
         Siilotie is situated may remain in their present locations and use
         until and unless it becomes necessary for the Lessee (at its sole
         discretion) to take the land occupied by such roads in other use. The
         Lessee shall have the right to take the parts of the roads located in
         the Leased Area its sole control after six months from a notification
         to the Owner. The Lessee shall compensate the Owner all reasonable
         costs caused by constructing a substitutive road outside the Leased
         Area.

8.3      OWNER'S FIXTURES

         The Owner's Fixtures exist within the Leased Land on the date hereof.
         The Lessee accepts that the Owner's Fixtures remain at their present
         position free of charge.

         The Owner shall provide the Lessee with additional information and
         material (as available) indicating the Owners Fixtures on the Leased
         Land. The Owner shall also mark the Owners Fixtures located on the
         Leased Land with its name, sign or other clear marking method as far as
         reasonable and practical.

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         The Owner shall indemnify and keep indemnified the Lessee from and
         against all repairs, costs, expenses, fines, damages and losses
         suffered by the Lessee as a result of any deficiency, malfunction or
         other cause arising out of the fixtures construed by the Owner and
         existing on the Leased Land.

8.4      WATER TANKS

         Nickel hereby sells to Metals and Metals accepts to buy the so called
         PIPO water tank, one of the Water Tanks located on the Leased Land, at
         its book value of 224.337,21 euros. Title to the PIPO water tank passes
         immediately to Metals, payment shall be made within 14 days from the
         date hereof.

         The parties acknowledge that presently the Water Tanks are located on
         the Leased Land. It is agreed that the Water Tanks may remain in their
         present locations and use until and unless it becomes necessary for the
         Lessee, at its sole discretion, to take the land occupied by all or
         part of the Water Tanks in other use. The Owner shall transfer or
         dismount all or part of the Water Tanks within six months after a
         request to remove is presented by the Lessee and the Lessee shall
         compensate the Owner all reasonable costs caused by such transferring
         or dismounting.

8.5      SLAG

         The parties acknowledge that presently a heap of the Owner's slag is
         partly located on the Leased Land as indicated in Annex 1. It is agreed
         that the heap of slag may remain in its present location under the
         supervision and care and at the risk of the Owner until and unless it
         becomes necessary for the Lessee to take the land occupied by the heap
         in other use. Subject to a six months (or more) notice, the Lessee
         shall have the right at its own cost to remove the part of the slag
         located on the Leased Land to a location outside the Leased Land which
         location the Owner shall have the obligation to allot and provide for.

9        LESSEE'S FIXTURES

         The Lessee's Fixtures exist within the Property but outside the Leased
         Land and outside the Shared Areas. The Owner accepts that the Lessee's
         Fixtures remain at their present position free of charge.

         The Lessee shall mark the Lessee's Fixtures located on the Property but
         outside the Leased Land with its name, sign or other clear marking
         method as far as reasonable and practical.

         The Lessee shall indemnify and keep indemnified the Owner from and
         against all repairs, costs, expenses, fines, damages and losses
         suffered by the Owner as a result of any deficiency, malfunction or
         other cause arising out of the fixtures construed by the Lessee and
         existing on the Property.

10       COMPLIANCE WITH LAWS, RULES AND REGULATIONS

         The Lessee shall at its own expense, comply with the requirements of
         all municipal, state and provincial authorities relating to use or
         condition of the Leased Land and buildings, equipment or other fixtures
         on the Leased Land. The Lessee shall apply for and maintain in force
         all necessary governmental, provincial or municipal approvals, permits
         and notices required for any operations of the Lessee.

<PAGE>   8

11       ENVIRONMENTAL DAMAGES AND EXCLUSION OF CONSEQUENTIAL DAMAGES

         Owners indemnifications under this Agreement shall be exclusively
         governed by the applicable provisions in a Share Purchase Agreement
         dated February 23, 2000 between Outokumpu Nickel B.V., Outokumpu Oyj,
         OM Group Inc. and OMG Kokkola Chemicals B.V.

         Under no circumstances, however, shall either party be liable for any
         consequential or indirect damages to the other party.

12       USE OF LEASED LAND

         The Lessee shall have the right to use the Leased Land for production
         of metal powder, metal salts, carboxylates and other value added
         specialty chemicals and to build on the Leased Land all buildings,
         facilities, utilities, equipment and fixtures connected to the pursuing
         of the above or any ancillary or connected activities, provided,
         however, that the Lessee shall always in respect of erection and
         maintenance of all buildings, facilities, utilities, equipment and
         fixtures referred above obtain and have proper permits, licenses and
         approvals from the appropriate authorities, such as city planning and
         environmental authorities and agencies.

13       RELATIONSHIP BETWEEN THE PARTIES

13.1     CO-OPERATION

         The parties acknowledge the need for and commit themselves to
         reasonable co-operation beyond the strict wording of this Agreement in
         order to make their coexistance on the Property as smooth as reasonably
         possible.

13.2     CO-OPERATION COMMITTEE

         The parties undertake to nominate 2-4 representatives to a co-operation
         committee the purpose of which is to discuss issues relating to the
         parties' coexistence on the Property at meetings held twice a year. The
         chairman of the committee and convener of every other meeting shall be
         a representative of the Owner, and every other respectively of the
         Lessee. The first meeting shall be chaired and convened by a
         representative of the Owner.

         The co-operation committee is a discussion forum only and it shall not
         have authority to amend this Agreement.

13.3     HARDSHIP

         The parties declare it to be their intention that this Agreement shall
         operate between them with fairness and without substantial hardship to
         either party.

         If the circumstances during which the Agreement was concluded are
         essentially changed by events that neither party could reasonably
         foresee, either party may propose appropriate review of the Agreement
         and in such case both parties will try their utmost to find a mutually
         acceptable solution.

14       GOVERNING LAW AND ARBITRATION

         This Agreement shall be governed by and construed according to the laws
         of Finland.

         Any disputes arising from this Agreement shall be settled by
         arbitration. The arbitrators shall be

<PAGE>   9

         appointed by the Arbitration Committee of the Central Chamber of
         Commerce of Finland and the arbitration rules of the said committee
         shall apply.

15       MISCELLANEOUS

15.1     AMENDMENTS

         Any amendments to the Agreement shall not be binding unless made in
         writing and signed by the duly authorized representatives of each
         party.

15.2     NOTICES

         All notices, requests or other communication between the parties under
         this Agreement shall be given to either party in writing by registered
         mail, telefax or hand delivered using the recipients address or telefax
         number publicly available or to such other address or telefax number as
         a party shall have specified in a notice.

15.3     ANNEXES

         The annex referred to in this Agreement form an integral part thereof.
         In case of discrepancies between the annex and the contents of this
         Agreement the latter shall prevail.

15.4     CONFIDENTIALITY

         Any information relating to this Agreement or to the coexistence of the
         parties on the Property including any such information concerning the
         parties, which is either non-public, confidential or proprietary in
         nature, shall be kept confidential and shall not be disclosed to any
         third party or as far as information relating to one of the parties is
         concerned, unless such party has given his prior written consent to
         such disclosure.

SIGNATURES:

              The parties hereto have respectively caused this Agreement to be
              executed by their duly authorized representatives.

              OUTOKUMPU HARJAVALTA METALS OY     OUTOKUMPU NICKEL OY

              -------------------------------    -------------------------------
              By:                                By:
              Title:                             Title:

<PAGE>   10

                                    Annex 1

Document is a drawing of the leased property described in the lease
agreement between Outokumpu Harjavalta Metals Oy and Outokumpu
Nickel Oy. A copy of Annex 1 will be provided to the Commission upon request.

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