K&X DEVELOPMENTS LTD

E-Money Capital LTD

The company hereby covenants on demand to pay or discharge the indebtedness to the lender. As security for the payment and discharge of the indebtedness, the company hereby charges to the lender, with full title guarantee: 1. by way of legal mortgage, all freehold and leasehold property now vested in the company, together with all buildings, fixtures (including trade fixtures) and fixed plant and machinery from time to time on that property; 2. by way of fixed charge, all estates or interests in any freehold and leasehold property of the company (not being property charged by clause 2.1.1) now and in the future vested in the company, together with all buildings, fixtures (including trade fixtures) and fixed plant and machinery from time to time on that property; 3. by way of fixed charge, all the goodwill and uncalled capital for the time being of the company; 4. by way of fixed charge, all book debts and other debts now and in the future due or owing to the company; 5. by way of fixed charge, all intellectual property rights, choses in action and claims now and in the future belonging to the company; 6. by way of floating charge, all the company’s present and future undertaking and assets, whatever and wherever, including (without limitation) all other property and assets not subject to a fixed charge under this debenture. 7. schedule B1 paragraph 14 insolvency act 1986 (as inserted by section 248 and schedule 16 enterprise act 2002) applies to the floating charge created by this debenture.

E-Money Capital LTD

52 esher road, liverpool, L6 6DF.