AVIONIC SERVICES INTERNATIONAL LTD

ALFANDARI PRIVATE EQUITIES LIMITED

LLOYDS TSB BANK PLC

DEPOSIT AGREEMENT TO SECURE OWN LIABILITIES

Lloyds Tsb Bank PLC

All such rights to the repayment of the deposit meaning the debt(s) on the account(s) described in the schedule being the account with the bank denominated in us dollars designated ltsb re avionic services international limited and numbered 11576607 and any account(s) for the time being replacing the same and all interest owing in respect thereof and all deposits with the banks treasury division in the name of the bank re the company.

LLOYDS TSB BANK PLC

DEBENTURE

Lloyds Tsb Bank PLC

Fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery.

LLOYDS TSB BANK PLC

DEPOSIT AGREEMENT

AVIONIC SERVICES PLC

DEBENTURE