SHELDON PHILLIPS LIMITED

Mitsubishi Hc Capital UK PLC

Debenture.

CALVERTON FINANCE LIMITED

Calverton Finance Limited

To secure payment and performance as provided for in clause 2 the company hereby charges in favour of calverton finance with full title guarantee by way of fixed charge, all fixed assets, all specific book debts, calverton’s account and all other debts. By way of floating charge, the floating assets.

PEAK CASHFLOW LIMITED

ALL ASSETS DEBENTURE