THULE TRADING LIMITED

LLOYDS BANK PLC

LLOYDS BANK PLC

Lloyds Bank PLC

4.1 the mortgagor with full title guarantee:. (A) charges by way of legal mortgage the property specified in the first schedule and all buildings and fixtures (including trade fixtures) from time to time on any such property as a continuing security for the payment to the bank of the secured obligations; and. (B) charges by way of fixed charge as a continuing security for the payment to the bank of the secured obligations any fixed plant and machinery from time to time on any such property as is referred to in clause 4.1(a) and which is not included within the charge in clause 4.1 (a).. 4.3 the mortgagor with full title guarantee charges as a continuing security for the payment to the bank of the secured obligations:. (A) by way of fixed charge all present and future amounts owing to the mortgagor by way of rent (but excluding ground rent, service charge and any sums payable in respect of services provided to any tenant or payable in respect of insurance premiums) by any tenant (whether present or future) of the mortgaged property (as defined in the legal charge) (and the proceeds thereof);. (B) by way of fixed charge all present and future amounts owing to the mortgagor by way of licence fee by any licensee (whether present or future) of the mortgaged property (and the proceeds thereof);. (C) by way of fixed charge all present and future amounts owing to the mortgagor in respect of service charge and sums payable in respect of services provided to any tenant or payable in respect of insurance premiums by any tenant (whether present or future) of the mortgaged property (and the proceeds thereof);. (D) by way of fixed charge all present and future amounts owing to the mortgagor by way of insurance claims in connection with the mortgaged property (and the proceeds thereof);. (E) by way of fixed charge all present and future amounts owing or which may become owing to the mortgagor under any building, construction or development contract entered into in connection with the mortgaged property 10 of 36 or by virtue of the mortgagor’s rights under any retention or other trusts in connection therewith, whether or not any certificate as to the amount due has been issued in respect thereof (and the proceeds thereof);. (F) by way of fixed charge all present and future book and other debts other monetary claims and choses in action owing or belonging to the mortgagor and arising in connection with the mortgaged property or any business at any time carried on thereat (insofar as not charged by 4.3(a) - 4.3(e) inclusive) (including without limitation any ground rents, rent charges, rent deposits, purchase deposits, dilapidations and monies payable to the mortgagor pursuant to any enfranchising legislation) (and in each case the proceeds thereof); and. (G) by way of floating charge all the mortgaged chattels (as defined in the legal charge).. 4.6 where the mortgagor (by virtue of an estate or interest in the mortgaged property) is or becomes entitled to a share or shares in any company connected with the mortgaged property:. (A) the mortgagor with full title guarantee charges by way of fixed charge the entitlement to such share or shares, and such share or shares when issued and all rights, benefits and advantages at any time arising in respect of the same (hereinafter called the “share(s)”) as a continuing security for the payment to the bank of the secured obligations;. The first schedule. The mortgaged property. The freehold property known as or being 12 westmorland road newcastle upon tyne NE1 4EG.

LLOYDS BANK PLC