HERMES LEASING LIMITED: Mortgages

With full title guarantee charges by way of first floating charge all its right and interest in and to a) the contract rights and b) by way of first fixed charge all its right title and interest in and to the goods which are subject matter of any hire purchase agreement, conditional sale agreement or credit sale agreement or any hire agreement entered into at any time between the company and any customer of the company.. See the mortgage charge document for full details.

The agreements as listed in the shedule over goods. See the mortgage charge document for full details.

The following agreements by way of assignment and the goods by way of first fixed charge:- agreement numbers, 300364 (punch press), 3003379 (mercedes N380 eue), 300380 (press brake), 300378 (vaux vectra R411 vmo) and 300376 (ford iveco M865 jat). See the mortgage charge document for full details.

The agreements as specified on the reverse of the form 395 and by way of fixed charge the goods see form 395 for full details. See the mortgage charge document for full details.

The following agreements by way of charge and the goods by way of first fixed charge:- agreement no.300229 Dated 31.10.97 re: shape 35 punch press. 300228 dated 31.10.97 re:lvd press brake. 300221 dated 13.10.97 re: calibra P912 rbf. 300218 dated 30.9.97 re: scm edgebander. 300334 dated 12.11.97 re: tvr N189 ahp. See the mortgage charge document for full details.

By way of first fixed charge all its right, title and interest in and to the unsold receivables relating to and the goods the subject of any customer agreement in existence now or hereafter.. See the mortgage charge document for full details.

All its right title and interest in and to the unassigned debts relating to and the equipment the subject of any agreement in existance now or hereafter. See the mortgage charge document for full details.

All monies standing to the credit of any accounts of the company in the books of the bank.

First floating charge of all right title and interest in and to the debts and the assets.

First floating charge over all the company's right title & interest in and to the receivables purchased by hitachi credit (UK) PLC under a block discounting agreement not otherwise assigned thereunder.

A specific charge over the benefit of all leasing rental hire purchase or credit sale agreements as are now or may from time to time be entered into by the company with its customers (the agreements) (see form 395 for full details of M75).

All monies now or at any time hereafter standing to the credit of any accounts of the company in the bank's book.

Fixed charge over any leases, securities, chattels and monies standing to the credit of the special account (see doc M492C for full details).

(1) first fixed charge all credit agreements (2) first fixed charge all book debts & other debts (3) first fixed charge all securities (4) first fixed charge all plant & equipment. (See form 395 for full details).

Each bailment, agreement, mortgage, loan agreement, hire purchase agreement, conditional sale agreement or credit sale agreement deposited with the lender see form 395 for full details.

All rights, title, interest and benefit to and in lease agreements entered into by the company and deposited from time to time by the company with the bank or held by the company to the bank's order pursuant to the terms of the facility letter dated 22/11/88, in relation to which an advance (as defined in the facility letter) may be or may have been made under the terms of the facility letter.

First floating charge over all indebtedness now or at any time hereafter due or owing to the company & full benefit of guarantees & securities & indeminities & all liens (for full details see form 395 fef: m 242C).

Credit agreements deposited from time to time with hitachi credit (UK) limited and all rights & benefits in those agreements and the goods comprised in those agreements.

All hiring leasing & hire purchase agreements & an agreements under which the purchase price of goods sold is payable by instalments entered into by the company & all securities relating thereto (see doc for details).

All right title benefits & interests of the company whatsoever prsesent & future whether proprietry contractual or otherwise under or arising out of or is respect of leasing or hiring agreements ("the charged agreements") as defined in the charge.

By way of first fixed charge to hume the assets and the benefit of all the agreements including (without prejudice to the generality thereof) the amount payable in respect of any agreement as all those terms are defined in clause 1 of the charge. (Please see doc M91/22 apr/ln for full details).

All right title and interest of the company in or arising out of (a) all hiring leasing and hire purchase agreements (b) all securities under the deposited agreements (c) the chattels comprised in the deposited agreements (see doc form 395 for full details).

A specific charge over the benefit of all leasing rental hire purchase or credit sale agreements as are now or may from time to time be entered into by the company with its customers. (See doc M18 for details).