ELLIS ELECTRICAL ENGINEERING LIMITED

FINANCE CORNWALL BUSINESS FUND LIMITED

LOAN DEBENTURE

Finance Cornwall Business Fund Limited

All fixed and floating assets now or in the future.

HSBC BANK PLC

DEBENTURE

Hsbc 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.

FIRST NATIONAL INVOICE FINANCE LTD

FIXED AND FLOATING CHARGE ON BOOK AND OTHER DEBTS

First National Invoice Finance LTD

By way of fixed charge all (a) specified debts being any book debts the ownership of which shall fail to vest absolutely and effectively in the security holder for any reason together with the related rights (b) all other debts being all amounts of indebtedness now or at any time hereafter owing or becoming due to the company on any account whatsoever; by way of floating charge such of the moneys which the company may receive in respect of the other debts.

BARCLAYS BANK PLC

DEBENTURE