SMARTFRAME TECHNOLOGIES LIMITED

Alexander Hunter (As Security Trustee)

The instrument contains a fixed charge over all of the chargor's intellectual property, including but not limited to the 'smartframe' text and logo trademarks registered at the UK intellectual property office (under respective numbers UK00915722242 and UK00916646382) and at the eu intellectual property office (under respective numbers 016646382 and 015722242), as well as registered patents set out in schedule 3 part a to the instrument. For further details of the intellectual property charged please see the instrument.