BALLYDYAN DEVELOPMENTS LIMITED

Legal charge - all monies. All that the freehold land at 5 school road, crossnacreevy, belfast, being a portion of the lands only contained in folio number 6294 county down.

Charge - all monies. All that and those the land and premises situate at 169A killinchy road, comber in the county of down being the premises comprised in folio number 18597 and folio number 190 county down.

All monies charge in duplicate all the lands comprised in folios dn 9343, 46528, and 31138 co down.

All net proceeds of the sale in relation to the sale of five residential units solicitor's undertaking. Property comprised in folios dn 9343, 46528, and 31138 county down and known as 5A manse road darragh cross saintfield co down.

Deed of mortgage - all monies 1. all the lands and premises comprised in and conveyed by an indenture of conveyance dated 20TH august 2001 and made between joseph patrick mcerlean and annie mcerlean of the one part and the company of the other part and therein described as:- "all that and those lands and premises on the south side of shore street in the town and corporation of killyleagh barony of dufferin and county of down more particularly described..... See doc. No. 24 for further details.

Solicitor's undertaking - all monies all monies (less the amount of any reasonable sale costs) when actually received by james murland & company solicitors of 15 english street, downpatrick, county down on foot of sale of units in the company's housing development at shore street, killyleagh, county down.

All monies debenture the companys undertaking property and assets whatsoever and wheresoever both present and future including goodwill and uncalled capital. The charge shall as regards all estate or interest legal or equitable in all freehold or lease- hold property all profits a prendre ease ments rights of way rights under coven- ants agreements undertakings and indem- nities and rights to compensation stat- utory or otherwise or income attaching thereto which shall at any time here- after during the continuance of this security become the property of the company and all present and future proceeds of insurance receivable by the company and its goodwill and uncalled capital for the time being be a specific charge and as regards all free- hold or leasehold property shall con- stitute a legal mortgage and shall as regards the other property hereby charged be a floating security but so that the company shall not be at liberty to create any mortgage or charge ranking in priority to or pari passu with these presents or sell or assign or grant any license to occupy any of the properties hereby charged without the prior written consent of the bank. The debenture further provides that the company shall not without the prior written consent of the bank assign or charge its book debts. The lands comprised in folio 984 county down at 169 killinchy road, comber.