ROUNDCIRCLE LIMITED

Davenham Asset Finance LTD

Land : (I) all land which is described in schedule 1 (of which there is none) and all other land now vested in the company; and (ii) all other land now vested in the company (to the extent not effectively charged by clause 3.1.1) and all land acquired by the company after the date of this debenture.. ("Land" means any estate, right or interest in or over land, whether legal or equitable, and wherever the land is situated including, without limitation, any buildings and fixtures on the land, and the benefit of any covenants or rights owed to any person or enforceable by him by virtue of the ownership possession or occupation of land but for these purposes "land" excludes heritable property situated in scotland.). ("Fixtures" means all things of any kind now or at any time affixed to the land for any purpose, including, without limitation, trade and tenants fixtures.). "Intellectual property " means any of the following in which the company has an interest : -. (a) any registered intellectual property right in any territory or jurisdiction , including, without limitation, patents, trade marks, service marks, registered designs, and any similar right in any territory or jurisdiction and any applications or right to apply for any of the above ;. (b) any invention, copyright, design right or performance right ;. (c) any trade secrets, know-how and confidential information ; and. (D) the benefit of any agreement or licence for the use of any such right.

BLACK COUNTRY REINVESTMENT SOCIETY LIMITED

DEBENTURE