MANTEC ENGINEERING LIMITED

Time Invoice Finance Limited

I. All present and future freehold and leasehold property (including, without limitation, the property specified in the schedule) and all liens, charges, options, agreements, rights and interests in or over land or the proceeds of sale of land and all buildings, fixtures (including trade fixtures) and fixed plant and machinery for the time being on such property or land together with all rights, easements and privileges appurtenant to, or benefiting, the same;. Ii. All patents, patent applications, trade marks and service marks (whether registered or not), trade mark applications, service mark applications trade names, registered designs, design rights, copyrights, computer programmes, know-how and trade secrets and all other industrial or intangible property or rights and all licences, agreements and ancillary and connected rights relating to, intellectual and intangible property.

Peter Ford

All present and future estates or interests of the company in, or over, any freehold, leasehold or commonhold property.. The company's present and future intellectual property rights which subsist or will subsist now or in the future in any part of the world.

Close Brothers Limited (The “Security Trustee”)

CHRISTOPHER JOHN KIRK IAN REDMAN

JAMES EDWARD LOMAS MILDRED LOMAS

DEBENTURE