COMMERCIAL ACCEPTANCES GROUP LIMITED

All and whole the subjects known as 23 and 40 glenburn road east kilbride t/n LAN111302.

Barclays bank PLC re point star shipping and finance limited us dollar current account account number 77868699. the charge creates a fixed charge over all the deposit(s) referred to in the schedule to the form 395 (including all or any part of the money payable pursuant to such deposit(s) and the debts represented thereby) together with all interest from time to time accruing thereon it also creates an assignment by the chargor for the purposes of and to give effect to the security over the right of the chargor to require repayment of such deposit(s) and interest thereon.

All monies from time to time held to the credit of the debtors on any account.........see form 395.

All rights moneys or property howsoever accruing in respect of the deposited property.

The debtor has charged by way of first fixed charge all monies from time to time held to the credit of the debtor by the bank on any current deposit or other account or accounts which the debtor may now or hereafter have with the bank or under any deposit receipt.

16, queensmead london N.W.8.