Rgc Offshore Limited

The Governor and Company of the Bank of Scotland

Letter of quarantee its 301-2410 dated 23.4.81 letter of guarantee its 301-2409 dated 23.4.81 varied by letters dated 19.6.81 and 27.5.83 granted to the company by the bank of yorks, on behalf of visshes iwai corporation in respect of an agreement between vissle iwai corporation and the company dated 9.4.81 in respect of mobil beryl "b" development together with all sums which may hereafter become payable to the company by the bank of tokyo. LTD.

All monies due or to become due from the company to the chargee on any account whatsoever