SPEAR LIGHTING LTD

Innovation Finance LTD

(I) all freehold and leasehold land and buildings of the company both present and future including any land and buildings specified in section 3 of the schedule and all trade fixtures and fittings and all plant and machinery from time to time in or on any such land or buildings;. (Ii) all goodwill and unpaid and/or uncalled capital of the company;. (Iii) all stocks shares and securities and documents evidencing title to or the right to possession of any property at any time deposited with the financer and the property mentioned in such documents;. (Iv) all intellectual property now owned or at any time hereafter to be owned by the company;.

BIBBY FINANCIAL SERVICES LIMITED (AS SECURITY TRUSTEE)

Bibby Financial Services Limited (As Security Trustee)

By way of first legal mortgage, all land (as defined below) belonging to the company at the date of the debenture including without limitation that described in part 1 of schedule 2 to the debenture (a copy of which schedule is attached to this form MR01).. In the debenture “land” means all estates and other interests in freehold, leasehold or other immovable property (wherever situated) or in which the company has an interest and:-. (I) all buildings and fixtures (including trade fixtures but not including tenant’s fixtures) and fixed plant and machinery at any time thereon;. (Ii) all easements, rights and agreements in respect of such property;. (Iii) all proceeds of sale of such property; and. The benefit of all covenants given in respect of such property.