RED SECURITY SOLUTIONS 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.

Ecapital Commercial Finance (North) Limited

All assets of company by way of a first fixed and floating charge.. Note: the company is precluded without the consent in writing of ecapital commercial finance (north) limited from creating any further charge upon all or any of the book and other debts due to it ranking either in priority to or pari passu with this charge.

NORTH WEST TRANSITIONAL LOAN INVESTMENT FUND

NATIONAL WESTMINSTER BANK PLC

National Westminster Bank PLC

CLOSE BROTHERS LIMITED (THE "SECURITY TRUSTEE")

Close Brothers Limited (The "Security Trustee")

BIBBY FINANCIAL SERVICES LIMITED (AS SECURITY TRUSTEE)

SKIPTON BUSINESS FINANCE LIMITED

FIXED & FLOATING CHARGE