UNITED NETWORKS LIMITED

The life insurance policy issued by royal & sun alliance, policy number: RNF00080316A, commencement date: 12 november 1999, in respect of the life of thuraisamy pathmanabhan (the policy) and all sums assured by it and all bonuses and benefits which may arise under it, the company's whole right title and interest in the policy.

Fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery. See the mortgage charge document for full details.

By way of legal mortgage the property k/a network house 15 high street hampton hill middlesex TW12 1NB t/nos SGL28273 SGL162728. Fixed charge all buildings and other structures fixed to the property fixed charge any goodwill relating to the property fixed charge all plant machinery and other items affixed to the property assignment of the rental sums together with the benefit of all rights and remedies fixed charge the proceeds of any claim made under insurance policy relating to the property floating charge all unattached plant machinery chattels and goods on or in or used in connection with the property or the business or undertaking at the property.

By way of first legal charge and as a continuing security in the sum of two hundred and three thousand seven hundred and ninety two pounds (£203,792) in a specifically designated deposit account. See the mortgage charge document for full details.

The sum of £203,792.

All deposits now and in the future credited to account designation 21560319 with the bank.

Fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery.

F/H land k/a four winds house 9/21 high street hampton hill richmond upon thames greater london t/nos: SGL28273 and SGL162728. By way of fixed charge the benefit of all covenants and rights concerning the property and plant machinery fixtures fittings furniture equipment implements and utensils the goodwill of any business carried on at the property and the proceeds of any insurance affecting the property or assets.

Four winds house 9/21 high street hampton hill london borough of richmond upon thames t/nos SGL28273 & sgl 162728.

Fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery.