KENNEDY PIPELINING SERVICES LIMITED

.. fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery. See the mortgage charge document for full details.

Assigns the charged account being the account of the company with the depository (being the royal bank of scotland international limited) which account is blocked or designated as charged to the bank and the deposit being all sums at the date of the cash collateral security or thereafter standing to the credit of the charged account together with all interest and other amounts accruing on such sums (in whatever currency) together with all the rights titles and benefits of the company whatsoever present and future therein. See the mortgage charge document for full details.