SIKIN RECOVERY LIMITED

All right title and interest of the company in or arising out of a factoring invoice discounting or sales ledger financing agreement dated 9TH august 1999. see the mortgage charge document for full details.

Fixed charge any present or future debt (purchased or purported to be purchased by the chargee pursuant to the agreement the ownership of which fail to vest in the chargee for any reason together with the related rights pertaining to such debt ("the factored debts") and all amounts of indebtedness now or at any time owing to the company on any account whatsoever (together with the related rights) other than factored debts ("the other debts") and by way of floating charge all monies received in respect of the other debts and paid into the bank account referred to in clause 6(2) of the charge.

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.

By way of legal mortgage all its f/h and l/h property described in part 1 of the schedule to the deed (being none); by way of first fixed charge the goodwill and uncalled capital all present and future book debts; by way of first floating charge all its undertaking and property and assets whatsoever and wheresoever both present and future.. See the mortgage charge document for full details.