CREWYARD DEVELOPMENTS LIMITED

Kaizen Credit 4 Limited

All that freehold property known as part of land and buildings adjoining kettleby house, kettleby lane, bigby, west liindsey, lincolnshire, DN20 9HG, as registered at hm land registry with title number LL84706.

Kaizen Credit 4 Limited

As a continuing security for the payment and discharge of the secured liabilities, the borrower with full title guarantee, 1. charges to the lender, by way of first legal mortgage, all that freehold property known as part of land and buildings adjoining kettleby house, kettleby lane, bigby, west lindsey, lincolnshire, DN20 9HG. 2. charges to the lender by way of first fixed charge: (a) all properties acquired by the borrower in the future. (B) all present and future interests of the borrower not effectively mortgaged or charged under the preceding provisions of this clause in, or over, freehold or leasehold property. (C) all present and future rights, licenses, guarantees, rents, deposits, contracts, covenants and warranties relating to each property. (D) all licenses, consents and authorisations (statutory or otherwise) held or required in connection with the borrower's business or the use of any secured assets, and all rights in connection with them. (E) all its present and future goodwill. (F) all its uncalled capital. (G) all the equipment. (H) all the intellectual property. (I) all the book debts. (J) all the investments. (K) all monies from time to time standing to the credit of its accounts with any bank, financial institution or other person (including each designated account), together with all other rights and benefits accruing to or arising in connection with each account (including, but not limited to, entitlements to interest. (L) all its rights in respect of each insurance policy, including all claims, the proceeds of all claims and all returns of premium in connection with any insurance policy, to the extent not effectively assigned under the assignment clause. (M) all its rights in respect of each relevant agreement and all other agreements, instruments and rights relating to the secured assets, to the extent not effectively assigned under any assignment clause. 3 as a continuing security for the payment and discharge of the secured liabilities, the borrower with full title guarantee charges to the lender, by way of first floating charge, all the undertaking, property, assets and rights of the borrower at any time not effectively mortgaged, charged or assigned pursuant to the legal mortgage, the fixed charges and the assignment.