CLEVELAND DEVELOPMENT COMPANY LIMITED

Interest in the contract being the consultancy agreement dated 7 june 2005. see the mortgage charge document for full details.

By way of legal mortgage land on the north west of romford road, forest gate, london. By way of fixed charge the benefit of all covenants and rights concerning the property and plant machinery fixtures fittings furniture equipment implements and utensils the goodwill of any business carried on at the property and the proceeds of any insurance affecting the property or assets.

By way of legal mortgage 215 romford road and land on the south side of atherton mews, at the back of 215 romford road, london. By way of fixed charge the benefit of all covenants and rights concerning the property and plant machinery fixtures fittings furniture equipment implements and utensils the goodwill of any business carried on at the property and the proceeds of any insurance affecting the property or assets.

The deposit initially of £50,000 credited to account designation 10059359 with the bank and any addition to that deposit and any deposit or account from time to time of any other currency description or designation which derives in whole or in part from such deposit or account.

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.