EXSEL DYTECNA LTD.

3.1 as a continuing security for the payment and discharge of the secured liabilities, the purchaser with full title guarantee charges to the company, by way of first legal mortgage, each property.. 3.2 as a continuing security for the payment and discharge of the secured liabilities, the purchaser with full title guarantee charges to the company by way of first fixed charge:. (A) all properties acquired by the purchaser in the future;. (B) all present and future interests of the purchaser not effectively mortgaged or charged under the preceding provisions of this clause 3 in, or over, freehold or leasehold property;. (C) all present and future rights, licences, guarantees, rents, deposits, contracts, covenants and warranties relating to each property;. (D) all licences, consents and authorisations (statutory or otherwise) held or required in connection with the purchaser's business or the use of any secured asset, and all rights in connection with them;. (E) all its present and future goodwill;. (F) all its uncalled capital;. (G) all the equipment;. (H) all the intellectual property;. (I) all the book debts;. (J) all the investments;. (K) all monies from time to time standing to the credit of its accounts with any bank, financial institution or other person (including each designated account), together with all other rights and benefits accruing to or arising in connection with each account (including, but not limited to, entitlements to interest);. (L) all its rights in respect of each insurance policy, including all claims, the proceeds of all claims and all returns of premium in connection with each insurance policy, to the extent not effectively assigned under clause 3.3.