MOUNT PROPERTY DEVELOPMENT LIMITED

NORTHERN BANK LIMITED

STANDARD SECURITY

NORTHERN BANK LIMITED

MORTGAGE OR CHARGE

Northern Bank Limited

Charge over all book debts - all monies. All book debts and other debts now and from time to time hereafter due owing or incurred to the company.

Northern Bank Limited

Floating charge - all monies. The undertaking of the company and all its property whatsoever and wheresoever both present and future including its uncalled capital for the time being.. N.B. the company shall not be at liberty without the previous consent in writing of northern bank limited to create any mortgage or charge or confer any lien on its assets or any part thereof or to sell or deal with its book or other debts or securities for money otherwise than for the purpose of getting in and realising the same in the ordinary way of business.

NORTHERN BANK LIMITED

SOLICITORS LETTER OF UNDERTAKING