PROGRESS FABRICATIONS LIMITED

HSBC BANK PLC

LEGAL ASSIGNMENT

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

LEGAL MORTGAGE

Hsbc Bank PLC

F/H property being 90 nelson lane, warwick, warwickshire t/no. WK30682. With the benefit of all rights licences guarantees rent deposits contracts deeds undertakings and warranties relating. To the property any shares or membership rights in any management company for the property any goodwill of any business from time to time carried on at the property any rental and other money payable under any lease licence or other interest created in respect of the property and all other payments whatever in respect of the property.

HSBC BANK PLC

DEBENTURE