PELICAN ISLE LIMITED

As security for the payment of the indebtedness the mortgagor charges to the mortgagee the following property (hereinafter collectively known as "the mortgaged property"): (a) the free title to the condominium unit A701 (the "unit") and the common elements allocated thereto ("the common elements") in the building known as the residences ii at pelican isle yacht club located in the county of collier state of florida usa ("the condominium"). See the mortgage charge document for full details.

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.

L/H property known as flat 5 12 queensway place london SW7 title no. Ngl 532606 and or the proceeds of sale thereof. Floating charge over all moveable plant machinery implements utensils furniture and equipment.

62 winchester court vicarage gate london W8 and/or the proceeds of sale thereof. Floating charge over all moveable plant machinery implements utensils furniture and equipment.

12 marlborough lodge, 130/132 hamilton terrace london NW8. And/or proceeds of sale thereof. Floating charge over all moveable plant machinery implements utensils furniture and equipment.

2ND floor maisonette, 1/2 rutland gardens, london, SW7. T/n NGL277299. The proceeds of sale thereof and A. floating charge over all moveable plant machinery implements utensils furniture and equipment.