J J MULLAN LIMITED

All monies.mortgage all that and those the lands heredit- aments and licensed premises firstly comprised in an assignment dated the 13TH day of march 1998 between john richard falconer and john o'reilly of the one part and the borrower of the other part and known as the mall, sackville street, londonderry secondly comprised in an assignment dated the 5TH day of october 1998 between john joseph mullan and maria mullan of the one part and the borrower of the other part being premises situate at the corner of little james street and sackville street, londonderry and having the postal address of number 13 little james street,londonderry all of which said premises are known as mullans bar, little james street, londonderry together with the intoxicating liquor licence attached thereto and the undertakings goodwill of the business carried on in the mortgaged property with and buildings now or hereafter erected or in the course of erection thereon and the benefit of all licences.

Indenture of mortgage. The lands and premises situate and known as mullans bar being situate at the corner of little james street and sackville street londonderry and having a postal address of number 13 little james street, londonderry. As comprised in and assigned by two indentures which are detailed in doc 9 on the main file.

All monies debenture the companys undertaking property and assets whatsoever and wheresoever both present and future including goodwill and uncalled capital. The charge shall as regards all estate or interest legal or equitable in all freehold or lease- hold property all profits a prendre ease ments rights of way rights under coven- ants agreements undertakings and indem- nities and rights to compensation stat- utory or otherwise or income attaching thereto which shall at any time here- after during the continuance of this security become the property of the company and all present and future proceeds of insurance receivable by the company and its goodwill and uncalled capital for the time being be a specific charge and as regards all free- hold or leasehold property shall con- stitute a legal mortgage and shall as regards the other property hereby charged be a floating security but so that the company shall not be at liberty to create any mortgage or charge ranking in priority to or pari passu with these presents or sell or assign or grant any license to occupy any of the properties hereby charged without the prior written consent of the bank.

Mortgage of licences supplemental to a mortgage of even date. All intoxicating liquor licences and all other licences for the time being held or on behalf of the company relating to the premises situate at and known as mullans bar being situate at the corner of little james street and sackville street, londonderry and having a postal address at number 13 little james street londonderry. The company covenanted not to assign charge mortgage or transfer the licences without prior written consent from the bank.

All monies. Floating charge the undertaking of the company and all its property whatsoever and wheresoever both present and future including its uncalled capital for the time being. The company shall not be at liberty without the previous consent in writing of northern bank limited to create any mortgage or charge or confer any lien on its assets or any part thereof or to sell or deal with its book or other debts or securities for money otherwise than for the purpose of getting in and realising the same in the ordinary way of business.