HEATHERMOUNT SCHOOL LTD

Glas Trust Corporation Limited (As Security Agent)

First legal mortgage / first fixed charge over all real property (other than excluded real property) (including the registered land contained in title numbers BK534076 and BK524802) and first fixed charge over all intellectual property (each term as defined in the instrument). For more details, please refer to the instrument.

Glas Trust Corporation Limited as Security Agent

First legal mortgage / fixed charge over all real property (other than excluded real property) and intellectual property. For more details, please refer to the instrument.