S H DEVELOPMENTS NE LIMITED

Cambridge & Counties Bank Limited

First legal mortgage over the freehold property known as 43 bollington road, middlesbrough (TS4 3NE) and registered at the land registry under title number CE62372 and the freehold property known as 178 high street, marske by the sea, redcar (TS11 7NB) and registered at the land registry under title number CE200354. All present and future interests of the chargor not effectively mortgaged or charged under the provisions of clause 3.1.2 of the debenture in or over, freehold, leasehold or commonhold property, all present and future rights, licences, guarantees, rents deposits, contracts, covenants and warranties relating to each property. All licences, consents and authorisations held or required in connection with the chargors business or the use of any charged property. All rights and interests of the chargor in, and claims under each insurance policy and all proceeds of each insurance policy. All present and future goodwill and uncalled capital, all the equipment and all intellectual property. All book debts and all investments and all monies from time to time standing to credit of its accounts with any bank, financial institution or other person and the chargor charges to the lender by way of a first floating charge all the undertaking, property, assets and rights of the chargor at any time not mortgaged, charged or assigned.

Cambridge & Counties Bank Limited

The freehold property known as 43 bollington road, middlesbrough (TS4 3NE) and registered at the land registry under title number CE62372 and. The freehold property known as 178 high street, marske by the sea, redcar (TS11 7NB) and registered at the land registry under title number CE200354. All rental income, all present and future interests of the chargor, all present and future rights, licences, guarantees, rents, deposits, contract covenants, and warranties, all rights and interests of the chargor in and claims under each insurance policy, all its right, title, interest and benefit in and to the rental accounts, all monies standing to the credit of the rental accounts, all interest accrued on monies standing to the credit of the rental accounts and all rights of the chargor to repayment of any of the foregoing, all of the chargor’s goodwill in any business and any property charged pursuant to clause 4.1.2, the benefit of all licences, consents, agreements and authorisations held or utilised by the chargor in connection with its business or the use of any of its assets. Charges to the lender by way of a floating charge all movabe plant, machinery implements, building materials furniture, equipment, undertaking and assets now or from time to time placed on or used in or about each property not effectively mortgage or charged pursuant to clause 4.1.1 clause 4.1.2 and clause 4.2 of the legal charge.