CEL (LOGISTICS) LIMITED

HSBC INVOICE FINANCE (UK) LTD

FIXED CHARGE ON PURCHASED DEBTS WHICH FAIL TO VEST

Hsbc Invoice Finance (UK) LTD

By way of fixed equitable charge all debts purchased or purported to be purchased by the security holder pursuant to an agreement for the purchase of debts (including the associated rights relating thereto).

MIDLAND BANK PLC

DEBENTURE

Midland 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. See the mortgage charge document for full details.