3SQUARED LTD.

Kroll Trustee Services Limited as Security Trustee for the Secured Parties

Trade mark with logo (please refer to debenture) with registered number UK00003039052. Trade mark "3SQUARED" with registered number UK00003039043. Trade mark "railsmart" with registered number UK00003143837.

Triple Point Advancr Leasing PLC

Including all future and present freehold and leasehold property owned by the chargor together with all buildings, structures, fixtures and fittings thereon (including all trade and tenant's fixtures). All present and future patents, patent applications, trade marks and service marks (whether registered or not), copyrights and all other intellectual property rights and all other rights relating thereto legally or beneficially owned by the chargor.

Santander UK PLC

HSBC BANK PLC

DEBENTURE

Hsbc Bank PLC

Fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.