CDCM (NO 2) LIMITED

THE SOCIETY OF LLOYDS

AGREEMENT FOR THE ASSIGNMENT OF PROFITS BETWEEN CDCM (NO.2) LIMITED AND THE SOCIETY OF LLOYD’S INCORPORATED BY LLOYD’S ACT 1871 AND KNOWN AS LLOYD’S (LLOYD’S), (THE AGREEMENT)

The Society of Lloyds

Subject to any charge over and assignment by the company the future profits of its underwriting business at lloyd’s contained in any trust deed or other instrument to which the company is or becomes a party pursuant to the requirements of lloyd’s relating to the provision of funds at lloyd’s, the company charges all of its right title interest and expectancy in and to the trust funds held at any time under any premiums trust deed to which it is a party and to that extent assigns to lloyd’s the future profits of its underwriting business at lloyds. See image for full details.

LLOYD'S, AND CERTAIN OTHER PERSONS OR BODIES (AS FURTHER DEFINED ON FORM M395)

AMENDMENT AND RESTATEMENT LLOYD'S AMERICAN INSTRUMENT 1995 (GENERAL BUSINESS FOR CORPORATE MEMBERS) ("THE 1995 AMERICAN INSTRUMENT (CORPORATE MEMBERS") DATED 31 JULY 1995 & AMENDED ON 28 DECEMBER 2001, 1 APRIL 2001, 1 AUGUST 2001, 13 FEBRUARY 2002, 27 SEPTEMBER 2007 &

THE AMERICAN TRUSTEE, ALL POLICY HOLDERS AND CERTAIN OTHER PERSONS OR BODIES (AS DEFINED ON THE FORM M395)

LLOYD'S AMERICAN TRUST DEED (THE " TRUST DEED")

Lloyd's, and Certain Other Persons or Bodies (As Further Defined on Form M395)

All the present and future assets of the member comprised in the member's dollar trust fund constituted under and pursuant to the 1995 american instrument (corporate member) full particulars of which assets are set out in clause 3 of and schedule 2 to the 1995 american instrument (corporate members). See image for full details.

The American Trustee, All Policy Holders and Certain Other Persons or Bodies (As Defined on the Form M395)

All premiums and other moneys payable during the trust term to or for the account of the company in connection with the 1992 and prior american business and all other assets from time to time transferred to the american trustee to be held by it as part of the american trust fund, all investments and moneys and all income arising from (i)-(iii) see image for full details.

THE TRUSTEE, LLOYD'S, THE AGENT, ALL CEDING INSURERS, AND THE OTHER PARTIES AS DEFINED THEREIN

LLOYD'S UNITED STATES SITUS CREDIT FOR REINSURANCE TRUST DEED ("THE TRUST DEED") DATED 7 SEPTEMBER 1995 IN RESPECT OF SYNDICATE NO. 1208 ("THE SYNDICATE") (AS AMENDED AND AS SUPPLEMENTED FROM TIME TO TIME AND AS SUPPEMENTED BY A DEED OF ACCESSION MADE 1 APRIL 2007)

THE TRUSTEE, LLOYD'S, THE AGENT, ALL POLICYHOLDERS AND THIRD-PARTY CLAIMANTS, AND THE OTHERPARTIES AS DEFINED THEREIN

LLOYD'S UNITED STATES SITUS EXCESS OR SURPLUS LINES TRUST DEED ("THE TRUST DEED") DATED 7 SEPTEMBER 1995 IN RESPECT OF SYNDICATE NO. 1208 ("THE SYNDICATE") (AS AMENDED AND AS SUPPLEMENTED FROM TIME TO TIME AND AS SUPPLEMENTED BY A DEED OF ACCESSION MADE 1 APRIL 2007)

The Trustee, Lloyd's, the Agent, All Ceding Insurers, and the Other Parties as Defined Therein

The principal at any time but excluding the investment income from time to time earned thereon the property in the actual and sole possession of the trustee at any time and held under the provisions of the trust deed allocable to the particular trust created by the company with respect to the particular year of account of the syndicate ("the trust fund" or "trust") for further details please refer to schedule to form 395. see the mortgage charge document for full details.

The Trustee, Lloyd's, the Agent, All Policyholders and Third-Party Claimants, and the Otherparties as Defined Therein

The property constituting the trust principal but excluding the investment income from time to time earned thereon the property in the actual and sole possession of the trustee at any time and held under the provisions of the trust deed allocable to the particular trust created by the company with respect to the particular year of account of the syndicate ("the trust fund" or "trust") for further details please refer to schedule to form 395. see the mortgage charge document for full details.

THE SOCIETY (LLOYDS) AND THE MANAGING AGENTS OFFSHORE POLICIES TRUSTEES OF ANY MANAGING AGENT(AS FURTHER DESCRIBED ON FORM M395)

CHARGE IN THE TERMS OF THE LLOYD'S ASIA (SINGAPORE POLICIES) INSTRUMENT 2002(GENERAL BUSINESS OF ALL UNDERWRITING MEMBERS) (THE SINGAPORE POLICIES INSTRUMENT)

THE SOCIETY (LLOYDS) AND THE MANAGING AGENTS OFFSHORE POLICIES TRUSTEES OF ANY MANAGING AGENT(AS FURTHER DESCRIBED ON FORM M395)

CHARGE IN THE TERMS OF THE LLOYD'S ASIA (OFFSHORE POLICIES) INSTRUMENT 2002(GENERAL BUSINESS OF ALL UNDERWRITING MEMBERS) (THE OFFSHORE POLICIES INSTRUMENT)

The Society (Lloyds) and the Managing Agents Offshore Policies Trustees of Any Managing Agent(as Further Described on Form M395)

All present and future assets of the member comprised in the members singapore policies trust fund constituted under and pursuant to the singapore policies instrument, all premiums, reinsurance recoveries, rights of salvage and subrogation and other monies whatsoever in connection with the members singapore policies business and all interest of the member therein. All singapore policies rights of recoveries, all further assets, all interest, dividends and other income and all assets now or for the time being representing the foregoing.

The Society (Lloyds) and the Managing Agents Offshore Policies Trustees of Any Managing Agent(as Further Described on Form M395)

All present and future assets of the member comprised in the members offshore policies trust fund constituted under and pursuant to the offshore policies instrument, all premiums, reinsurance recoveries, rights of salvage and subrogation and other monies whatsoever in connection with the members offshore policies business and all interest of the member therein. All offshore policies rights of recoveries, all further assets, all interest, dividends and other income and all assets now or for the time being representing the foregoing.

THE SOCIETY, THE BENEFICIARIES AND CERTAIN OTHER PERSONS OR BODIES (AS FURTHER DEFINED ON FORMM395)

DEED OF VARIATION: MEMBERSHIP AGREEMENT (CORPORATE MEMBER) BETWEEN THE SOCIETY INCORPORATED BY LLOYD'S ACT 1871 BY THE NAME OF LLOYD'S ("THE SOCIETY") AND THE COMPANY ("THE AGREEMENT")

The Society, the Beneficiaries and Certain Other Persons or Bodies (As Further Defined on FORMM395)

Subject to any charge over, and assignment by the company of, the future profits of its underwriting business at lloyd's contained in any trust deed or other instrument to which the company is, or becomes, a party pursuant to the requirements of the council relating to the provision of funds at lloyd's:- (a) the company's right, title, interest and expectancy in and to the trust funds held at any time under any premiums trust deed to which it is a party, (b) the amounts received, at any time after a failure by a connected company to discharge a lloyd's obligation, by the company out of the premiums trust deed.

THE TRUSTEES, LLOYD'S AND CERTAIN OTHER PERSONS OR BODIES (AS FURTHER DEFINED ON FORM M395)

CHARGE (IN THE TERMS OF THE LLOYD'S CANADIAN TRUST DEED "THE TRUST DEED" DATED 26 SEPTEMBER 1995. THE INSTRUMENT AMENDS AND RESTATES THE INSTRUMENT DATED 9 NOVEMBER 1977, AS FURTHER AMENDED BY DEEDS DATED 8 MARCH 1978, 11 JUNE 1989 AND 28 DECEMBER 2000)

ROYAL TRUST CORPORATION OF CANADA (THE TRUSTEE)

A CHARGE DATED 25 MAY 2001 IN THE TERMS OF THE LLOYD'S CANADIAN MARGIN FUND TRUST DEED ("THE TRUST DEED")

The Trustees, Lloyd's and Certain Other Persons or Bodies (As Further Defined on Form M395)

All property which may be (or should be) assigned or transferred to or received by the canadian trustee under the trust deed and any accumulations and increments from any such property. All premiums monies and other assets whatsoever belonging or payable at the date of the trust deed or thereafter at any time belonging or becoming payable to the company in connection with the canadian business and received on behalf of the company by the agent or any other person. See the mortgage charge document for full details.

Royal Trust Corporation of Canada (The Trustee)

All interest of the company in present and future assets comprised in the margin fund constituted under the trust deed including the following (a) the contributions paid to the margin fund by or on behalf of the company pursuant to the lloyd's canadian business requirements of the council of lloyd'S.. See the mortgage charge document for full details.

MELLON TRUST COMPANY OF ILLINOIS AS TRUSTEE (SEE FORM 395 FOR FULL DETAILS)

CHARGE IN THE TERMS OF THE LLOYD'S ILLINOIS LICENSED AND 1104 MULTIPLE TRUST DEED (THE "TRUST DEED"), ITSELF CONSTITUTED BY AN INSTRUMENT OF THE SAME DATE AND

Mellon Trust Company of Illinois as Trustee (See Form 395 for Full Details)

All present and future assets comprised in the corporate members trust fund constituted under and pursuant to the trust deed including all monies (including future accretions to the trust fund) investments, income, gains and other assets representing or accruing to that trust fund.

THE TRUSTEES, LLOYD'S, AND CERTAIN OTHER PERSONS OR BODIES (AS FURTHER DEFINED ON FORM M395)

CHARGE (IN THE TERMS OF THE LLOYD'S AMERICAN INSTRUMENT 1995 (GENERAL BUSINESS OF CORPORATE MEMBERS) ("THE AMERICAN INSTRUMENT") ITSELF CONSTITUTED BY AN INSTRUMENT DATED 31 JULY 1995 AS AMENDED ON 21 DECEMBER 1995, 25 APRIL 1996, 3 SEPTEMBER 1996 , 7 JANUARY 1998 AND AS FURTHER AMENDED ON 28 DECEMBER 2000)

THE TRUSTEES, LLOYD'S AND CERTAIN OTHER PERSONS OR BODIES (AS FURTHER DEFINED ON FORM M395)

CHARGE (IN THE TERMS OF THE LLOYD'S CANADIAN TRUST DEED "THE TRUST DEED" DATED 26 SEPTEMBER 1995. THE INSTRUMENT AMENDS AND RESTATES THE INSTRUMENT DATED 9 NOVEMBER 1977, AS FURTHER AMENDED BY DEEDS DATED 8 MARCH 1978 AND 11 JUNE 1989)

The Trustees, Lloyd's, and Certain Other Persons or Bodies (As Further Defined on Form M395)

All premiums and other monies (being premiums and other monies which but for the 1995 american instrument (corporate members) would otherwise be or become comprised in the ptd trust fund) (as defined); all further assets at any time added to the dollar trust fund whether by or on behalf of the corporate member or in exercise of a power in that behalf conferred by the corporate member's ptd or by any other overseas direction or by any continental business regulatory deposit or offshore dollar business regulatory deposit or by any other instrument or otherwise however; all investments and other assets at any time representing any such premiums and other monies and assets; all income from time to time arising from any such premiums monies investments and other assets together with all the other particulars as fully detailed in the form M395.

The Trustees, Lloyd's and Certain Other Persons or Bodies (As Further Defined on Form M395)

All property which may be (or should be) assigned or transferred to or received by the canadian trustee under the trust deed and any accumulations and increments from any such property. All premiums monies and other assets whatsoever belonging or payable at the date of the trust deed or thereafter at any time belonging or becoming payable to the company in connection with the canadian business and received on behalf of the company by the agent or any other person. See the mortgage charge document for full details.

THE SOCIETY OF LLOYD'S

LLOYD'S SECURITY AND TRUST DEED (INTERAVAILABLE - SHORT FORM (PARENT COMPANY COVENANT)

The Society of Lloyd's

As security for the secured obligations referred to in paragraph 1 under "amounts secured by the mortgage or charge" on page 1 of this form, all monies and other property after the date of the trust deed at any time paid or transferred to or otherwise vested in or under the direct or indirect control of the trustees upon the trusts of the trust deed and all accumulations of income and the investments and other property after the date of the trust deed for the time being representing the same.. See the mortgage charge document for full details.

LLOYD'S THE TRUSTEE

CHARGE DATED 6 JUNE 2000 IN THE TERMS OF THE LLOYD'S AUSTRALIAN JOINT ASSET TRUST DEED (NO.2) ("THE TRUST DEED")

LLOYD'S

CHARGE DATED 6 JUNE 2000 IN THE TERMS OF THE LLOYD'S AUSTRALIAN TRUST DEED ("THE TRUST DEED")

LLOYD'S

CHARGE DATED 6 JUNE 2000 IN THE TERMS OF THE LLOYD'S AUSTRALIAN TRUST DEED ("THE TRUST DEED")

Lloyd's the Trustee

All the present and future assets comprised in the trust fund constituted under and pursuant to the trust deed including all monies, investments, income, gains and other assets representing or accruing to the trust fund.

Lloyd's

All the present and future assets comprised in the trust fund constituted under and pursuant to the trust deed including all monies, investments, income, gains and other assets representing or accruing to the trust fund.

Lloyd's

The share of the corporate member in all the present and future assets comprised in the trust fund constituted under and pursuant to the trust deed including all monies, investments, income, gains and other assets representing or accruing to that share.

THE TRUSTEES, LLOYD'S AND CERTAIN OTHER PERSONS OR BODIES (AS FURTHER DEFINED ON FORM M395)

LLOYD'S PREMIUMS TRUST DEED (GENERAL BUSINESS) AS VARIED AND AMENDED BY A DEED OF VARIATION MADE 3RD FEBRUARY 1999 BY THE COUNCIL OF LLOYD'S.

The Trustees, Lloyd's and Certain Other Persons or Bodies (As Further Defined on Form M395)

All present and future assets of the corporate member comprised in the trust fund constituted under and pursuant to the trust deed full particulars of which assets are set out in the trust deed (see form M395 for further details).

THE TRUSTEE, LLOYD'S, THE AGENT, ALL POLICY HOLDERS AND CERTAIN OTHER PERSONS OR BODIES(AS FURTHER DEFINED ON FORM M395)

A CHARGE DATED 29TH JANUARY 1999 IN THE TERMS OF THE LLOYD'S SOUTH AFRICAN TRUST DEED (THE "TRUST DEED") ITSELF CONSTITUTED BY AN INSTRUMENT

THE TRUSTEE, LLOYD'S, THE AGENT, ALL POLICY HOLDERS AND CERTAIN OTHER PERSONS OR BODIES(AS FURTHER DEFINED ON FORM M395)

A CHARGE DATED 29TH JANUARY 1999 IN THE TERMS OF THE LLOYD'S SOUTH AFRICAN TRANSITIONAL TRUST DEED (THE "TRUST DEED") ITSELF CONSTITUTED BY AN INSTRUMENT

THE TRUSTEES, LLOYD'S AND CERTAIN OTHER PERSONS OR BODIES (AS FURTHER DEFINED ON FORM M395)

LLOYD'S PREMIUM TRUST DEED (GENERAL BUSINESS)

THE TRUSTEE, LLOYD'S, THE AGENT, ALL POLICY HOLDERS AND CERTAIN OTHER PERSONS OR BODIES(AS FURTHER DEFINED ON FORM M395)

A CHARGE DATED 17 NOVEMBER 1998 (BUT EFFECTIVE FROM 1 JANUARY 1999) IN THE TERMS OF THE AMENDMENT AND RESTATEMENT LLOYD'S AMERICAN SURPLUS OR EXCESS LINES INSURANCE JOINT ASSET TRUST DEED (THE "TRUST DEED") ITSELF CONSTITUTED BY AN INSTRUMENT DATED 7 SEPTEMBER 1995 (AS AMENDED AND AS SUPPLEMENTED FROM TIME TO TIME) AND AS FURTHER AMENDED BY A DEED OF AMENDMENT

THE TRUSTEES, LLOYD'S AND CERTAIN OTHER PERSONS OR BODIES (AS FURTHER DEFINED ON FORM M395)

CHARGE (IN THE TERMS OF THE LLOYD'S CANADIAN TRUST DEED "THE TRUST DEED" DATED 26 SEPTEMBER 1995. THE INSTRUMENT AMENDS AND RESTATES THE INSTRUMENT DATED 9 NOVEMBER 1977, AS FURTHER AMENDED BY DEEDS DATED 8 MARCH 1978 AND 11 JUNE 1989)

THE TRUSTEES, LLOYD'S, AND CERTAIN OTHER PERSONS OR BODIES (AS FURTHER DEFINED ON FORM M395)

CHARGE (IN THE TERMS OF THE LLOYD'S AMERICAN TRUST DEED (THE "TRUST DEED") ITSELF CONSTITUTED BY AN INSTRUMENT DATED 1 JANUARY 1999 AMENDING AND RESTATING THE LLOYD'S AMERICAN TRUST DEED ORIGINALLY ADOPTED ON 26 AUGUST 1939)

THE TRUSTEES, LLOYD'S, AND CERTAIN OTHER PERSONS OR BODIES (AS FURTHER DEFINED ON FORM M395)

CHARGE (IN THE TERMS OF THE LLOYD'S AMERICAN INSTRUMENT 1995 (GENERAL BUSINESS OF CORPORATE MEMBERS) ("THE AMERICAN INSTRUMENT") ITSELF CONSTITUTED BY AN INSTRUMENT DATED 31 JULY 1995 AS AMENDED ON 21 DECEMBER 1995, 25 APRIL 1996, 3 SEPTEMBER 1996 AND AS FURTHER AMENDED ON 1 JANUARY 1999)

THE TRUSTEE, LLOYD'S, THE AGENT, ALL POLICY HOLDERS AND CERTAIN OTHER PERSONS OR BODIES(AS FURTHER DEFINED ON FORM M395)

CHARGE DATED 17 NOVEMBER 1998 (BUT EFFECTIVE FROM 1 JANUARY 1999) IN THE TERMS OF THE LLOYD'S UNITED STATES SITUS SURPLUS LINES TRUST DEED (THE "TRUST DEED") ITSELF CONSTITUTED BY AN INSTRUMENT DATED 7.9.1995 (AS AMENDED AND AS SUPPLEMENTED FROM TIME TO TIME) AND AS FURTHER AMENDED BY A DEED OF AMENDMENT

The Trustee, Lloyd's, the Agent, All Policy Holders and Certain Other Persons or Bodies(As Further Defined on Form M395)

All the present and future assets comprised in the parts of the fund relating to the corporate member constituted under and pursuant to the trust deed full particulars of which are set out in the trust deed including the following: (a) the contributions paid by or on behalf of the corporate member (b) any amount owing to the corporate member and paid to the trust by a lloyd's correspondent and (c) all monies investments income gains and other assets.

The Trustee, Lloyd's, the Agent, All Policy Holders and Certain Other Persons or Bodies(As Further Defined on Form M395)

All the present and future assets comprised in the trust fund constituted under and pursuant to the trust deed full particulars of which are set out in the trust deed, including the following: (a) the contributions paid by or on behalf of the corporate member; (b) any amount transferred to the trust in accordance with paragraph (8)(1)(b) of schedule 3 to the act from the deposit; (c) any amount owing to the corporate member and paid by the trust by a lloyd's correspondent; (d) all monies investments income gains and other assets at any time representing or accruing to the contributions or the amounts referred to at A.to C. above.

The Trustees, Lloyd's and Certain Other Persons or Bodies (As Further Defined on Form M395)

All present and future assets of the corporate member comprised in the trust fund constituted under and pursuant to the trust deed full particulars of which assets are set out in clause 2 of and schedule 2 to the trust deed (see form M395 for further details).

The Trustees, Lloyd's and Certain Other Persons or Bodies (As Further Defined on Form M395)

All property which may be (or should be) assigned or transferred to or received by the canadian trustee under the trust deed and any accumulations and increments from any such property. All premiums monies and other assets whatsoever belonging or payable at the date of the trust deed or thereafter at any time belonging or becoming payable to the company in connection with the canadian business and received on behalf of the company by the agent or any other person. See the mortgage charge document for full details.

The Trustees, Lloyd's, and Certain Other Persons or Bodies (As Further Defined on Form M395)

(I) all premiums and other monies payable including, without limitation monies payable under any reinsurance policy, at any time during the trust term to the company or to any person on behalf of the company in connection with the american business; (ii) all other assets from time to time transferred to the american trustee to be held by it as part of the lloyd's american trust fund; (iii) all investments and monies from time to time representing (I) and (ii) above (other than net capital gain) or (iv) below; and (iv) all income arising from (I) to (iii) above (income to include net capital gain) and; (v) (so far as not already included in (I) to (iv) above) all property purchased and all proceeds from the sale of property or the disposal of property where the american trustee advanced cash or securities to the trust to effect or expedite the purchase or sale of securities for the trust.

The Trustees, Lloyd's, and Certain Other Persons or Bodies (As Further Defined on Form M395)

All premiums and other monies (being premiums and other monies which but for the 1995 american instrument (corporate members) would otherwise be or become comprised in the ptd trust fund) (as defined); all further assets at any time added to the dollar trust fund whether by or on behalf of the corporate member or in exercise of a power in that behalf conferred by the corporate member's ptd or by any other overseas direction or by any continental business regulatory deposit or offshore dollar business regulatory deposit or by any other instrument or otherwise however; all investments and other assets at any time representing any such premiums and other monies and assets; all income from time to time arising from any such premiums monies investments and other assets together with all the other particulars as fully detailed in the form M395.

The Trustee, Lloyd's, the Agent, All Policy Holders and Certain Other Persons or Bodies(As Further Defined on Form M395)

The trust fund. Cash in us currency or specifically designated readily marketable securities and/or letter of credit substituted by current contributors at any time for any cash or assets then forming part of the trust fund. Cash drawn down on any letter of credit at anytime and held as an asset of the trust fund pursuant to the terms of the trust deed. Further contributions to the trust fund received by the trustee from time to time and held subject to the terms and conditions of the trust deed. (See form 395 for full details).

The Trustee, Lloyd's, the Agent, All Policy Holders and Certain Other Persons or Bodies(As Further Defined on Form M395)

The property constituting the trust principal but excluding the investment income from time to time earned thereon, the property in the actual and sole possession of the trustee at any time and under the provisions of the trust deed allocable to the particular trust created by the company with respect to the particular year of account of the syndicate ("the trust fund" ) (see form 395 for further details).

THE TRUSTEES, LLOYD'S, AND CERTAIN OTHER PERSONS OR BODIES (AS FURTHER DEFINED ON FORM M395)

CHARGE (IN THE TERMS OF THE LLOYD'S AMERICAN INSTRUMENT 1995 (GENERAL BUSINESS OF CORPORATE MEMBERS) ("THE AMERICAN INSTRUMENT") ITSELF CONSTITUTED BY AN INSTRUMENT DATED 31 JULY 1995 AS AMENDED ON 21 DECEMBER 1995, 25 APRIL 1996, 3 SEPTEMBER 1996 AND AS FURTHER AMENDED ON 7 JANUARY 1998)

THE TRUSTEES, LLOYD'S, AND CERTAIN OTHER PERSONS OR BODIES (AS FURTHER DEFINED ON FORM M395)

CHARGE (IN THE TERMS OF THE LLOYD'S AMERICAN TRUST DEED (THE "TRUST DEED") ITSELF CONSTITUTED BY AN INSTRUMENT DATED 7 JANUARY 1998 AMENDING AND RESTATING THE LLOYD'S AMERICAN TRUST DEED ORIGINALLY ADOPTED ON 26 AUGUST 1939)

The Trustees, Lloyd's, and Certain Other Persons or Bodies (As Further Defined on Form M395)

All premiums and other monies (being premiums and other monies which but for the 1995 american instrument (corporate members) would otherwise be or become comprised in the ptd trust fund) (as defined); all further assets at any time added to the dollar trust fund whether by or on behalf of the corporate member or in exercise of a power in that behalf conferred by the corporate member's ptd or by any other overseas direction or by any continental business regulatory deposit or offshore dollar business regulatory deposit or by any other instrument or otherwise however; all investments and other assets at any time representing any such premiums and other monies and assets; all income from time to time arising from any such premiums monies investments and other assets together with all the other particulars as fully detailed in the form M395.

The Trustees, Lloyd's, and Certain Other Persons or Bodies (As Further Defined on Form M395)

(I) all premiums and other monies payable including, without limitation monies payable under any reinsurance policy, at any time during the trust term to the company or to any person on behalf of the company in connection with the american business; (ii) all other assets from time to time transferred to the american trustee to be held by it as part of the lloyd's american trust fund; (iii) all investments and monies from time to time representing (I) and (ii) above (other than net capital gain) or (iv) below; and (iv) all income arising from (I) to (iii) above (income to include net capital gain) and; (v) (so far as not already included in (I) to (iv) above) all property purchased and all proceeds from the sale of property or the disposal of property where the american trustee advanced cash or securities to the trust to effect or expedite the purchase or sale of securities for the trust.

THE SOCIETY INCORPORATED BY LLOYD'S ACT 1871 BY THE NAME OF LLOYD'S THE TRUSTEES AND THEBENEFICIARIES (SUBJECT ALWAYS TO THE TERMS OF THE TRUST DEED) THE PREMIUMS TRUSTEES

SECURITY AND TRUST DEED (PARENT COMPANY COVENANT)

The Society Incorporated by Lloyd's Act 1871 by the Name of Lloyd's the Trustees and Thebeneficiaries (Subject Always to the Terms of the Trust Deed) the Premiums Trustees

All future profits of the underwriting business of the company at lloy's subject to any prior charge contained in the premiums trust deed.. See the mortgage charge document for full details.

THE TRUSTEES, LLOYD'S, AND CERTAIN OTHER PERSONS OR BODIES (AS FURTHER DEFINED ON FORM M395)

CHARGE (IN THE TERMS OF THE LLOYD'S AMERICAN TRUST DEED (THE "TRUST DEED") ITSELF CONSTITUTED BY AN INSTRUMENT DATED 3 SEPTEMBER 1996 AMENDING AND RESTATING THE LLOYD'S AMERICAN TRUST DEED ORIGINALLY ADOPTED ON 26 AUGUST 1939)

THE TRUSTEES, LLOYD'S, AND CERTAIN OTHER PERSONS OR BODIES (AS FURTHER DEFINED ON FORM M395)

CHARGE (IN THE TERMS OF THE AMENDMENT AND RESTATEMENT LLOYD'S AMERICAN INSTRUMENT 1995 (GENERAL BUSINESS OF CORPORATE MEMBERS) (THE AMERICAN INSTRUMENT) ITSELF CONSTITUTED BY AN INSTRUMENT DATED 31 JULY 1995 AMENDED 21 DEC 1995, 25 APR 1996 AND FURTHER AMENDED ON 3 SEPT 1996)

The Trustees, Lloyd's, and Certain Other Persons or Bodies (As Further Defined on Form M395)

All premiums and other moneys payable during the trust term to or for the account of the company in connection with the american business, all other assets from time to time transferred to the american trustee (as defined in the trust deed) to be held by it as part of the property held in trust under the trust deed, and all income arising from the above premiums, moneys and assets, and other property referred to in the trust deed. Note: this registration is supplemental to all and any existing registration by the company of any charge created or evidenced by a lloyd's american trust deed.

The Trustees, Lloyd's, and Certain Other Persons or Bodies (As Further Defined on Form M395)

All premiums and other moneys that (apart from the american instrument and the company's lloyd's premiums trust deed) belong or are payable or may at any time belong or become payable to the company or to any person on behalf of the company in connection with so much of any new american business (as defined in the american instrument) as is conducted by a managing agent appointed by the company (the "managing agent"), all assets representing and all further assets at any time added to the dollar trust fund constituted by clause 3 of the american instrument or treated as added to that trust fund, and all income arising from the above premiums, moneys and assets, and other property referred to in the american instrument. Note: this registration is supplemental to all and.

THE AMERICAN TRUSTEE, ALL POLICY HOLDERS AND CERTAIN OTHER PERSONS OR BODIES(AS FURTHER DEFINED ON FORM M395)

CHARGE IN THE TERMS OF THE LLOYD'S AMERICAN TRUST DEED (THE "TRUST DEED") ITSELF CONSTITUTED BY AN INSTRUMENT DATED 21ST DECEMBER 1995

THE TRUSTEES, LLOYD'S, AND CERTAIN OTHER PERSONS OR BODIES (AS FURTHER DEFINED ON FORM M395)

CHARGE (IN THE TERMS OF THE AMENDMENT AND RESTATEMENT LLOYD'S AMERICAN INSTRUMENT 1995 (GENERAL BUSINESS OF CORPORATE MEMBERS) (THE AMERICAN INSTRUMENT) ITSELF CONSTITUTED BY AN INSTRUMENT DATED 31 JULY 1995 AMENDED ON 21 DECEMBER 1995 AND FURTHER AMENDED ON 25 APRIL 1996)

THE TRUSTEES, LLOYD'S, AND CERTAIN OTHER PERSONS OR BODIES (AS FURTHER DEFINED ON FORM M395)

LLOYD'S PREMIUMS TRUST DEED AS AMENDED AND VARIED BY A DEED OF VARIATION

POOL REINSURANCE COMPANY LIMITED

MEMORANDUM OF DEPOSIT AND CHARGE AND ESCROW AGREEMENT

Status as filed

ALL of the property or undertaking has been released from charge

Pool Reinsurance Company Limited

All the right title interest in (a) the bearer and registered UK government debt securities set out in schedule 2 to the charge deposited with the escrow agent and such additional UK government debt securities as are deposited with the escrow agent from time to time and (b) all other securities and rights moneys and property whatsoever being the "pledged securities" & (c) any cash standing to the credit of an account with the escrow agent the title of which begins with the syndicates name followed by "pool re cash collateral account" including any interest credited thereto (the "cash deposit"). See the mortgage charge document for full details.

The Trustees, Lloyd's, and Certain Other Persons or Bodies (As Further Defined on Form M395)

All premiums and other moneys that (apart from the american instrument and the company's lloyd's premiums trust deed) belong or are payable or may at any time belong or become payable to the company or to any person on behalf of the company in connection with so much of any new american business (as defined in the american instrument) as is conducted by a managing agent appointed by the company (the "managing agent"), all assets representing and all further assets at any time added to the dollar trust fund constituted by clause 3 of the american instrument or treated as added to that trust fund, and all income arising from the above premiums, moneys and assets, and other property referred to in the american instrument. Note: this registration is supplemental to all and any existing registration by the company of any charge created or evidenced by a lloyd's american instrument 1995 (general business of corporate members).

The Trustees, Lloyd's, and Certain Other Persons or Bodies (As Further Defined on Form M395)

Subject to exceptions specified in clause 2(b) of the trust deed, all premiums and other moneys belonging or payable or at any time belonging or becoming payable to the company or to any person on behalf of the company in connection with the underwriting, all assets representing and all further assets at any time added to the trust fund constituted by clause 2 of the trust deed or treated as added to that trust fund, and all income arising from the above premiums, moneys and assets, and other property referred to in the trust deed. Note: this registration is supplemental to all and any existi.

ROYAL TRUST CORPORATION OF CANADA, LLOYD'S AND THE OTHER PARTIES AS DEFINED

A CHARGE IN THE TERMS OF THE LLOYD'S CANADIAN TRUST DEED (THE TRUST DEED) ITSELF CONSTITUTED BY AN INSTRUMENT DATED 26 SEPTEMBER 1995

The American Trustee, All Policy Holders and Certain Other Persons or Bodies(As Further Defined on Form M395)

All premiums and other moneys payable during the trust term to or for the account of the company in connection with the american business, all other assets from time to time transferred to the american trustee (as defined in the trust deed and being, as at the date thereof, citibank N.A. of 111 wall street, new york, usa) to be held by it as part of the property held in trust under the trust deed, and all income arising from the above premiums, moneys and assets, and other property referred to in the trust deed.

Royal Trust Corporation of Canada, Lloyd's and the Other Parties as Defined

All property transferred to or received by the canadian trustee (as defined in the trust deed and being as at the date hereof royal trust corporation of canada) under the trust deed all premiums moneys and other assets belonging or payable at the date of the trust deed or thereafter to the company in connection with the canadian business any right to receive such premiums monies and other assets any monies drawn on any letter of credit deposited by lloyd's under the trust deed and any property transferred by the company to the canadian trustee to be held in trust as part of the company's personal reserve fund and other property referred to in the trust deed.

THE TRUSTEE LLOYDS ALL POLICYHOLDERS ALL THIRD PARTY CLAIMANTS AND ALL OTHER PARTIES AS DEFINED

A CHARGE IN THE TERMS OF THE AMENDMENT AND RESTATEMENT LLOYD'S SURPLUS OR EXCESS LINES INSURANCE JOINT ASSET TRUST DEED (THE TRUST DEED) ITSELF CONSTITUTED BY AN INSTRUMENT DATED 7 SEPTEMBER 1995

THE TRUSTEE LLOYD'S ALL CEDING INSURERS AND ALL OTHER PARTIES AS DEFINED

A CHARGE IN THE TERMS OF THE AMENDMENT AND RESTATEMENT LLOYD'S AMERICAN CREDIT FOR REINSURANCE JOINT ASSET TRUST DEED (THE TRUST DEED) ITSELF CONSTITUTED BY AN INSTRUMENT DATED 7 SEPTEMBER 1995

THE TRUSTEE, LLOYD'S,THE AGENT AND ALL POLICYHOLDERS AS DEFINED

A CHARGE IN THE TERMS OF THE LLOYD'S UNITED STATES SITUS SURPLUS LINES TRUST DEED (THE TRUST DEED) ITSELF CONSTITUTED BY AN INSTRUMENT DATED 7 SEPTEMBER 1995

THE TRUSTEE, LLOYD'S, THE AGENT AND ALL POLICYHOLDERS AS DEFINED

A CHARGE (IN THE TERMS OF THE LLOYD'S UNITED STATES SITUS CREDIT FOR REINSURANCE TRUST DEED (THE TRUST DEED) ITSELF CONSTITUTED BY AN INSTRUMENT DATED 7 SEPTEMBER 1995) EFFECTIVE FROM 1 AUGUST 1995 AND

The Trustee Lloyds All Policyholders All Third Party Claimants and All Other Parties as Defined

Cash securities letters of credit and other assets in the actual and sole possession of the trustee (or held by the trustee in the name of a nominee) and held under the provisions of the trust deed and other property referred to in the trust deed.

The Trustee Lloyd's All Ceding Insurers and All Other Parties as Defined

Cash securities letters of credit and other assets in the actual and sole possession of the trustee (or held by the trustee in the name of a nominee) and held under the provisions of the trust deed and other property referred to in the trust deed.

The Trustee, Lloyd's,the Agent and All Policyholders as Defined

The principal at any time but excluding the investment income from time to time earned there on (both capitalised terms having the meaning given thereto in section 11-2.1(b) of the new york estates powers and trusts law) and the property in the actual and sole possession of the trustee (or held by the trustee in the name of a nominee at any time and held under the provisions of the trust deed allocable to the particular trust created by the company with respect to the particular year of account of the relevant syndicate and cash drawn down on any letter of credit at any time and held as an asset of the fund held under the provisions of the trust deed and other property referred to in the trust deed.

The Trustee, Lloyd's, the Agent and All Policyholders as Defined

The principal at any time but excluding the investment income from time to time earned thereon (both capitalised terms having the meaning given thereto in section 11-2.1(b) of the new york estates, powers and trusts law), and the property in the actual and sole possession of the trustee (or held by the trustee in the name of a nominee) at any time and held under the provisions of the trust deed allocable to the particular trust created by the company with respect to the particular year of account of the relevant syndicate, and other property referred to in the trust deed.

THE AMERICAN TRUSTEE, ALL POLICYHOLDERS (AS DEFINED), LLOYD'S, THE PREMIUM TRUSTEES AND THEOTHER PARTIES AS DEFINED

A CHARGE IN THE TERMS OF THE LLOYD'S AMERICAN TRUST DEED (THE TRUST DEED) ITSELF CONSTITUTED BY AN INSTRUMENT DATED 31 JULY 1995

THE MANAGING AGENT'S DOLLAR TRUSTEES, ANY OTHER TRUSTEE OF THE DOLLAR TRUST FUND,THE TRUSTEE OF THE EXISTING AMERICAN INSTRUMENT, LLOYD'S AND THE OTHER PARTIES AS DEFINED

A CHARGE IN THE TERMS OF THE LLOYD'S AMERICAN INSTRUMENT 1995 (GENERAL BUSINESS FOR CORPORATE MEMBERS) (THE AMERICAN INSTRUMENT) ITSELF CONSTITUTED BY AN INSTRUMENT DATED 31 JULY 1995

The American Trustee, All Policyholders (As Defined), Lloyd's, the Premium Trustees and Theother Parties as Defined

All premiums and other moneys payable during the trust term to or for the account of the company in connection with the american business all other assets from time to time transferred to the american trustee (as defined in the trust deed and being as at the date thereof citibank N.A. of 10011 wall street new york U.S.A.) to be held by it as part of the property held in trust under the trust deed and all income arising from the above premiums moneys and assets and other property referred to in the trust deed.

The Managing Agent's Dollar Trustees, Any Other Trustee of the Dollar Trust Fund,the Trustee of the Existing American Instrument, Lloyd's and the Other Parties as Defined

All premiums or other moneys that (apart from the american instrument and the company's lloyd's premiums trust deed) belong or are payable or may at any time belong or become payable to the company in connection with so much of any new american business (as defined in the american instrument) and as is conducted by a managing agent appointed by the company (the managing agent) all assets representing and all further assets at any time added to the dollar trust fund constituted by clause 3 of the american instrument or treated as added to that trust fund and all income arising from the above premiums moneys and assets and other property referred to in the american instrument.

THE AMERICAN TRUSTEE

CHARGE (IN THE TERMS OF THE LLOYD'S AMERICAN TRUST DEED ITSELF CONSTITUTED BY AN INSTRUMENT DATED 17TH DECEMBER 1993)

THE ROYAL TRUST CORPORATION OF CANADA

CHARGE (IN THE TERMS OF THE LLOYD'S CANADIAN TRUST DEED ITSELF CONSTITUTED BY AN INSTRUMENT DATED 14TH JUNE 1989)

THE SOCIETY INCORPORATED BY LLOYD'S ACT 1871 BY THE NAME OF LLOYD'SIUMS TRUSTEESTHE TRUSTEES, AND THE BENEFICIARIES AND THE PREM

DEPOSIT TRUST DEED (THIRD PARTY DEPOSIT)

LLOYD'S

PREMIUMS TRUST DEED

The American Trustee

Subject to exceptions specified in the trust deed; (1) all premiums and other monies payable during the trust term to or for the account of the company in connection with its american business,other than american long term business,at lloyd's; (2) all assets transferred to the trustee to be held as part of the trust fund; (3) all investments and monies representing any such premiums,assets or other monies;and (4) all income from time to time arising from any of the property charged (see form 395 document for full details and,in particular,for definitions of other terms).

The Royal Trust Corporation of Canada

Subject to exceptions specified in the trust deed;(1) all premiums and other monies belonging or payable as at the date of the trust deed or at any time thereafter belonging or becoming payable to the company in connection with its canadian business (other than long term business as defined by the insurance companies act 1982) at lloyd's;(2) premiums and other monies at any time paid to or otherwise vested in the trustee;(3) all assets as at the date of the trust deed or thereafter for the time being representing any such premiums and other monies and (4) all income from time to time arising from the same respectively (see form 395 document for full details and,in particular,for definitions of other terms).

Lloyd's

Subject to exceptions specified in the trust deed (1) all premiums, monies, investments and other assets belonging to or becoming payable to the company in connection with its underwriting business, other than long term business, at looyd's (2) all further assets added to the trust fund (3) all investments and other assets at the date of the trust deed or thereafter representing any such premiums, assets or other monies and (4) all income from time to time arising from any of the property charged. See the mortgage charge document for full details.

The Society Incorporated by Lloyd's Act 1871 by the Name of Lloyd'siums Trusteesthe Trustees, and the Beneficiaries and the Prem

All future profits of the underwriting business of the company at lloyd's subject to any prior charge contained in the premiums trust deed. See the mortgage charge document for full details.