AXEL - ELEX SERVICES LTD.

LLOYDS TSB BANK PLC

MORTGAGE DEED

Lloyds Tsb Bank PLC

F/H 71-73 moore avenue, wibsey, bradford t/n wyk 453377; together with all buildings & fixtures (including trade fixtures). Fixed plant & machinery by way of fixed charge, all present & future book & other debts, floating charge over all moveable plant machinery, implements, utensils, furniture & equipment by way of assignment. The goodwill of the business (if any), the full benefit of all licences & guarantees.