HBM DEVELOPMENTS LTD

Sevcap I LTD

As a continuing security for the payment and discharge of the secured liabilities, the chargor with full title guarantee charges to the lender, by way of first legal mortgage, each property specified in schedule 1 (if any). As a continuing security for the payment and discharge of the secured liabilities, the chargor with full title guarantee charges to the lender by way of first fixed charge: all properties acquired by the chargor in the future; all present and future interests of the chargor not effectively mortgaged or charged under the preceding provisions of this clause 3.2 in, or over, freehold or leasehold property; and all the intellectual property. Please see charge for more details.