ETHICAL PACKAGING SOLUTIONS LTD

BARCLAYS BANK PLC

FUNDING CIRCLE RECOVERIES LIMITED AS SECURITY AGENT FOR THE VARIOUS LENDERS

Funding Circle Recoveries Limited as Security Agent for the Various Lenders

The borrower charged as continuing security, with full title. Guarantee and by way of fixed charge the following property of. The borrower, owned now or in the future:. A) all land vested in or charged to the borrower, all fixtures. And fittings attached to that land and all rents receivable from. Any lease granted out of that land; and. B) all intellectual property, licences, claims, insurance policies,. Proceeds of any insurance and any other legal rights.. Definitions:. "Land" means any interest of the borrower in any heritable,. Freehold or leasehold land.. "Lenders" means those lenders that have, from time to time,. Lent a specific loan to a borrower under the funding circle. Platform on the conditions that the loan is supported by an all. Assets security agreement.. Notification of addition to or amendment of charge.

BARCLAYS BANK PLC

STATE SECURITIES PLC

SUPPLEMENTAL CHATTEL MORTGAGE

FINANCE WALES INVESTMENTS (6) LIMITED

DEBENTURE

STATE SECURITIES PLC

DEED OF DEBENTURE