BELFAST TELEGRAPH NEWSPAPERS LIMITED: Encargos

Chargor: belfast telegraph newspapers limited. Company: independent news and media limited. Number and type of shares: 30,000,000,000 ordinary shares at £0.01 each. See image for full details.

Schedule 1. the companies. (I)belfast telegraph newspapers limited ROOOO761 (ii) independent news and media LTD 1908967. schedule 2 all that the lands and premises situate at and known as the belfast telegraph premises situate at 124..144 royal avenue belfast ...29 little donegall street , belfast and 82...94 donegall street, belfast owned by independent news and media LTD (for details of further properties/chattels charged please refer to form mg 01). schedule 3 details of trade marks see image for full details.

All monies an english secuirty over shares agreement. Company/chargror:. Belfast telegraph newspapers LTD. The company in which shares are held:. Independent news & media limited. Number and type of shares:. 30,000,000,000 ordinary shares at £0.01 each.

All monies a northern irish debenture. In the debenture the company as beneficial owner as security for the payment and discharge of the secured oblgiations has:. (A) granted and demised in favour of the security agent as security agent for the secured parties so much of the real property specified in schedule 2 part a of the debenture as is freehold to hold the same unto the security agent for the term of ten thousand years from the date of the debenture subject to the proviso for redemption contained in the debenture.

The lands and premises known as belfast telegraph premises, 124-144 royal avenue, belfast see doc 207 for further details.

All monies floating charge by way of first floating charge the whole of the company's assets present and future. The charge contains a negative pledge whereby the company is required to ensure that neither it nor any of its subsidaries for the time being without the prior written consent of the........ See doc 205 for further details.

Floating charge - all obligations by way of first floating charge the whole of the company's undertaking and assets present and future. The charge contains a negative pledge whereby the company is required to ensure that neither it nor any of its subsidiaries for the time being, without the prior written consent of the security agent, shall create or permit to subsist any (a) mortgage, charge, pledge, lien or other encumbrance securing any obligation of any person, (b) any arrangement under which money or claims to, or the benfit of, a bank or other account may be applied, set off or made subject to a combination of accounts so as to effect discharge of any sum owed or payable to any person or (c) any other type of preferential arrangement (including any title transfer and retention arrangement) having a similar effect over all or any of its present or future revenues or assets except as permitted under the relevant documents.

Trust deed. Charge in favour of the trustee with the payment to the trustee of the principal amount of the stock and interest thereon and all other moneys intended to be thereby secured by way of first legal charge upon the properties brief part- iculars of which are set out in the annexed list.

Mortgage debenture charge in favour of the trustee with the payment to the trust of the principal amount of the stock and interest thereon and all other moneys intended to be thereby secured by way of first floating charge over the undertaking and all the property and other assets both present and future of the company wheresoever situate (including any uncalled capital) nb. The power of the company to create or allow to subsist mortgages or charges ranking in priority to or pari passu with the floating charge above-mentioned is restricted in manner provided by the trust deed.

All monies mortgage and debenture which should from time to time thereafter be or become owing on current account or other account or accounts.