PALLETFORCE INTERMEDIATE LIMITED

Msd Admin Services, Llc as Security Agent

Na.

INVESTEC BANK PLC

Investec Bank PLC

Please refer to the instrument.

INVESTEC BANK PLC

Investec Bank PLC

3.1 each chargor, as continuing security for the payment, discharge and performance of all the secured obligations in relation to all of the following assets whether now or in future belonging to that chargor hereby, in each case with full title guarantee:. (I) by way of legal mortgage each property specified in schedule 2 which is set opposite its name;. (Ii) by way of equitable mortgage its real property, other than the property or properties specified in schedule 2;. (iii) all its plant and machinery;. (Iv) all its goodwill, unpaid and/or uncalled capital;. (V) all its intellectual property;. Plus other assets as set out in the guarantee and debenture.