CHALLENGER ESTATES AND DEVELOPMENTS LIMITED

By way of first legal mortgage all the freehold and leasehold property of the. Borrower now vested in it together with all buildings and fixtures (including. Trade and other fixtures and tenants fixtures) and fixed plant and machinery. Owned by the borrower and from time to time in or on such property and the. Proceeds of sale of such assets; by way of first fixed equitable charge all. Freehold or leasehold property of the borrower acquired by the borrower at. Any time after the date of this deed together with all buildings and fixtures. (Including trade and other fixtures and tenants fixtures) and fixed plant and. Machinery owned by the borrower and from time to time in or on any such. Property and the proceeds of sale of such assets; by way of first fixed. Charge: (a) all stocks, shares, bonds, loan capital and other securities both. Present and future belonging to the borrower (including stocks or shares. Acquired pursuant to scrip dividends) and all rights relating to them (the. Securities); (b) all book debts; (c) all the goodwill and uncalled capital of. The borrower both present and future; (d) all patents, patent applications,. Trade marks, trade mark applications, trading names, brand names, service. Marks, copyrights, rights in the nature of copyright, moral rights, inventions,. Design rights, registered designs, all trade secrets and know-how, computer. Rights, programmes, systems, tapes, disks, software, all applications for. Registration of any of them and other intellectual property rights held or to. Be held by the borrower or in which it may have an interest and the benefit. Of all present and future agreements relating to the use of or licensing or. Exploitation of any such rights (owned by the borrower or others) and all. Present and future fees, royalties or similar income derived from or. Incidental to any of the foregoing in any part of the world (the intellectual. Property rights); (e) all the borrower’s right, title, interest and benefit in and. Under or in connection with any contracts or policies of insurance or. Indemnities taken out now or hereafter by or on behalf of the borrower or (to. The extent of its interest) in which the borrower has an interest, and all. Claims of whatsoever nature relating thereto and returns of premium in. Respect thereof; (f) all present and future plant and machinery not otherwise. Charged under this clause 3 and all other present and future chattels of the. Borrower (excluding any of the same for the time being forming part of the. Borrower’s stock in trade or work in progress); and (g) all bank balances;. By way of floating charge, the undertaking and all other property, assets. And rights of the borrower both present and future including without. Limitation those referred to and insofar as the security on those property,. Assets and rights shall for any reason be ineffective as security of the. Nature described in those clauses.