BICYCLE LIMITED

SANTANDER UK PLC (AS SECURITY TRUSTEE)

DEBENTURE

Santander UK PLC (As Security Trustee)

Fixed charge all right title estate and other interests in all f/h or l/h property all book debts goodwill and uncalled capital by way of assignment all rents the benefit of all guarantees warranties and representations and all agreements contracts floating charge the undertaking and all other property and assets.