REFLECTIONS NURSERIES LTD

Wilmington Trust (London) Limited as Security Agent

First legal mortgage/first fixed charge over all of its real property, and first fixed charge over all of its intellectual property (each term as defined in the instrument). For more details please refer to the instrument.

Wilmington Trust (London) Limited (as Security Agent)

First fixed charge over all its real property and. First fixed charge over all its intellectual. Property (each term as defined in the instrument).. For more details please refer to the instrument.

Wilmington Trust (London) Limited as Security Agent

First legal mortgage / fixed charge over all its real property (including the properties specified in schedule 2 of the instrument) and first fixed charge over all its intellectual property (including the trade marks specified in schedule 8 of the instrument) (each term as defined therein).

WILMINGTON TRUST (LONDON) LIMITED

Wilmington Trust (London) Limited

Intellectual property in the form of domain name: reflectionsnurseries.co.UK.for more details please refer to the attached instrument.

WILMINGTON TRUST (LONDON) LIMITED

Wilmington Trust (London) Limited

Intellectual property in the form of the domain name reflectionsnurseries.co.UK, and unregistered trademark in the form of reflections nursery and small school, and reflections day nursery & forest school. For more details please refer to the part 6 - schedule of the attached instrument.

BANK OF SCOTLAND PLC

BANK OF SCOTLAND PLC

BANK OF SCOTLAND PLC

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

LEGAL CHARGE

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

DEBENTURE