FLAXALL PRODUCTS LIMITED

All monies. Fixed and floating charge. 1. by way of fixed equitable charge (I) all purchased debts being any book debts as defined in the agreement, purchased or purported to be purchased by the security holder pursuant to the agreement the ownership of which fail to vest absolutely and effectively in the security holder for any reason see doc 107 for further details.

Collateral letter. A deposit of stock exchange securities. 45,000 lloyds tsb PLC ordinary shares of 25P each with a nominal value of #11,250 together with every accretion thereto and all interest, dividend, bonus, additions and rights appertaining thereto.

All monies. Collateral letter 82,000 ordinary shares of #6.25 each (nominal value #5125) in smith kline beecham PLC together with all interest dividend bonus additions and rights.

All monies collateral letter 41,000 (nominal value 1.5P) shares in smithkline beecham.

All monies. Collateral letter 119,710 ordinary shares of 25P each in btr PLC. 20,000 ordinary shares of 25P each in marks & spencer PLC.

All monies. Debenture the company's undertaking and all its property and assets whatsoever and where soever both present and future including a specific charge affecting book debts fixed and moveable plant, machinery fixtures, implements and utensils, good- will and all proceeds of insurance receivable by the company, and uncalled capital and all estate or interest legal or equitable in freehold and leasehold property which should at any time thereafter during the continuance of the security thereby created become vested in the company. The following is specifically mentioned premises fronting on the county road from belfast to carrickfergus (4 lots) folio 6166 county antrim folio 24259 county antrim.

All monies. Second debenture the company's undertaking and all its property whatsoever and wheresoever both present and future subject to a debent- ure dated the 11/11/60 issued by the company to the governor and company of the bank of ireland and such charge shall:- (I) as regards the company's freehold and leasehold property its uncalled and unpaid capital for the time being and its goodwill be a specific charge and (ii) as regards the company's other assets be a floating security but so that the company is not to be at liberty to create any mortgage or charge is priority to or pari passu with the charge hereby created. The debenture issued to the bank of ireland shall rank in priority to the second charge hereby created and to the monies secured there- by as a security for all the liabilities of the company to the bank of ireland both present and future not exceeding at any one time the sum of #60,000.

All monies. Debenture. Undertaking of the company and all its assets present and future including its uncalled capital for the time being and goodwill and also as a specific charge certain lands situate in the west division in the liberties of carrick- fergus parish of st. Nicholas barony of carrickfergus and county of antirm also premises comprised in folios 6166 and 24259 county antrim of land registry of northern ireland.

All monies equitable mortgage 7 station road, greenisland 74 larne road carrickfergus "tres cara" woodburn crossroads "morven" woodburn crossroads in the county antrim, northern ireland.

Mortgage and floating charge 1. lands and premises situate on the north west side of the county road leading from belfast to carrickfergus in the county of antrim in the liberties of carrickfergus parish of st. Nicholas barony of carrickfergus and county of antrim, and comprised in indenture of conveyance of the 9/9/53 and made between the belfast bank executor and trustee company limited of the one part and flaxall products limited of the other part. Alos portion of land between road and sea in same conveyance. 2. lands and premises comprised in folio 6166 of the land registry of the county antrim, and folio 24259 county antrim. 3. fixed plant and machinery in the buildings situate on the premises in items 1 and 2 hereof. 4. the undertaking of the company and all its property present and future including its uncalled capital.

All monies equitable mortgage leasehold premises situate at (a) the south west side of station road, green- island in the townland of west division of carrickfergus in the parish of st. Nicholas otherwise carrickfergus barony of lower belfast and county of antrim. (B) the east side of the county road known as the greenisland road at wood- burn in the townland, parish and county aforesaid. (C) the east side of green- island road in the townland, parish and county aforesaid. (D)the north side of the county road leading from carrick- fergus to larne in the north east division of carrickfergus in the parish of st. Nicholas, otherwise carrickfergus in the borough of carrickfergus and county of antrim.