DUEL LIMITED

CONFIDENTIAL INVOICE DISCOUNTING LIMITED

FIXED AND FLOATING CHARGE

Confidential Invoice Discounting Limited

1.By way of fixed equitable charge (I) all debts the subject of an invoice discounting agreement that fail to vest absolutely in the security holder & all rights in favour of the company related to such debts and (ii) all other amounts owing or becoming due to the company.2.by way of floating charge such of the moneys which the company may receive in respect of the amounts referred to in paragraph 1(ii). See the mortgage charge document for full details.

LLOYDS BANK PLC

CHATTEL MORTGAGE

Lloyds Bank PLC

Duel mark 1 pocket machine briefly comprising feeder unit, folder, tensioner, platen welder, punch, guillotine, motorised feed, collection unit, bagger unit, digital controls, associated tooling and equipment. See the mortgage charge document for full details.

LLOYDS BANK PLC

LEGAL MORTGAGE

Lloyds Bank PLC

L/H units 5 & 6 curran buildings curran road cardiff t/no wa 405637 assigns goodwill (if any). Floating charge over all moveable plant machinery implements utensils furniture and equipment.

MIDLAND BANK PLC

LEGAL CHARGE

LLOYDS BANK PLC

MORTGAGE

Midland Bank PLC

F/H land and hereditaments known as sunkist chapel lane west bergholt colchester.

LLOYDS BANK PLC

MORTGAGE DEED

LLOYDS BANK PLC

LEGAL CHARGE

LLOYDS BANK PLC

SINGLE DEBENTURE

Lloyds 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.