CLIFF EDGE LTD

Msp Capital LTD

By way of first legal mortgage all the freehold and leasehold property of the chargor (including the property described in schedule 1 of the instrument being the freehold properties being both cliffdene hotel (CL34531) and bella vista hotel (CL125379), newquay) vested in the chargor at the date of the instrument together with all buildings and fixtures (including trade and other fixtures and tenants fixtures) and fixed plant and machinery owned by the chargor and from time to time in or on such property and the proceeds of sale of such assets;. By way of fixed charge all estates or interests in any freehold and leasehold property at the date of the instrument and in the future vested in or charged to the charger; and. By way of fixed charge all patents, patent applications, trademarks, trade mark applications, trading names, brand names, service marks, copyrights, rights in the nature of copyright, moral rights, inventions, design rights, registered designs, all trade secrets and know-how, computer rights, programmes, systems, tapes, disks, software, all applications for registration of any of them and other intellectual property rights held or to be held by the chargor or in which it may have an interest and the benefit of all present and future agreements relating to the use of or licensing or exploitation of any such rights (owned by the chargor or others) and all present and future fees, royalties or similar income derived from or incidental to any of the foregoing in any part of the world ("intellectual property").

Msp Capital LTD

The freehold property being bella vista hotel, narrowcliff, newquay TR7 2PH and cliffdene hotel, narrowcliff, newquay TR7 2PJ as registered at land registry with title numbers CL34531 and CL125379.

Ch NO1 LTD

Bella vista hotel, narrowcliff, newquay, TR7 2PH (freehold title number CL125379) and cliffdene hotel, narrowcliff, newquay, TR7 2PJ (freehold title number CL34531).

BV9 Limited

(1) the freehold land being cliffdene hotel, narrowcliff, newquay, TR7 2PJ - title number CL34531 and (2) the freehold land being bella vista hotel, narrowcliff, newquay, TR7 2PH - title number CL125379.

Paragon Development Finance Limited

Cliffdene hotel, narrowcliff, newquay TR7 2PJ and registered at the land registry with title. Number CL34531 and the bella vista hotel, narrowcliff, newquay TR7 2PH and registered at the land registry with title number CL25379.

Paragon Development Finance Limited

Cliffdene hotel, narrowcliff, newquay TR7 2PJ and registered at the land registry with title. Number CL34531 and the bella vista hotel, narrowcliff, newquay TR7 2PH and registered at the land registry with title number CL25379.