SCRIBBLES NURSERY LIMITED

Ares Management Limited (As Security Agent for the Beneficiaries)

All current and future land (except for any restricted land or any short leasehold properties) and intellectual property (except for any restricted ip) and the specified intellectual property owned by the company, in each case as specified (and defined) in the debenture registered by this form MR01 (the "debenture") and including, amongst others, the domain names scribblesnursery.com and scribblesnursery.co.UK, the unregistered trademark image 'scribbles nursery' and the trading name 'scribbles nursery'. For more details please refer to the debenture.