MORECROFT DEVELOPMENTS LIMITED

Khk One Limited

A fixed charge over the property known as morecroft house, land on the south-west side of willie snaith road, new market under title number SK365951; and a fixed charge of the goodwill; and a fixed charge over all monies payable from time to time to the borrower pursuant to any policy of insurance including inter alia the refund of any premium; and a fixed charge over all assets of the borrower should an event of default arise.

Khk One Limited

Morecroft house, land on the south west side of willie snaith road, newmarket under title number SK365951.

NATIONAL WESTMINSTER BANK PLC