LAPPING SERVICES LTD

HSBC UK BANK PLC

Hsbc UK Bank PLC

Unit K1 nuffield road, hinckley, LE10 3DT and regstered at hm land registry with title number LT279278.

HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")

FIXED CHARGE ON NON-VESTING DEBTS AND FLOATING CHARGE

Hsbc Invoice Finance (UK) LTD ("the Security Holder")

By way of first fixed charge all debts and all export debts purportedly assigned to the security holder pursuant to the debt purchase agreement. All associated rights relating to any non-vesting domestic debts and non-vesting export debts. By way of first fixed charge the excluded proceeds and by way of first floating charge all present and future assets undertaking and all other property and assets see image for full details.

HSBC BANK PLC

DEBENTURE

Hsbc Bank PLC

Fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.