INNSPIRED DEVELOPMENTS LIMITED

All present and future obligations and liabilties (whether actual or contingent and whether owed jointly or severally or as principal debtor, guarantor, surety or otherwise or as the equivalent obligor (as defined) under the laws of any other jurisdiction) of each obligor (as defined) to the chargee and the secured parties (as defined) together with:- (a) all costs, charges and expenses incurred by the chargee or any of the secured parties (as defined) in connection with the protection, preservation or enforcement of its respective rights under the financing documents (as defined); (b) any refinancing, novation, refunding, deferral or extension of or increase in any of those obligations or liabilities; (c) any further advances which may be made by any secured party to any obligor (as defined) under any agreement expressed to be supplemental to any of the financing documents (as defined) and all interest, fees and costs in connection therewith; (d) any claim for damages or restitution in the event of recission of any of those obligations or liabilities or otherwise in connection with the financing documents (as defined); (e) any cliam against any obligor (as defined) flowing from the recovery by an obligor (as defined) of a payment or discharge in respect of any of those obligations or liabilities on grounds of preference or otherwise; and (f) any amounts which would be included in any of the foregoing but for any discharge, non-provability, unenforceability or non- allowability of the same in any insolvency or other proceedings

All monies due or to become due from the company to the chargee on any account whatsoever