Houchin Aerospace

Midland Bank Plcas Agent and Trustee for the Banks as Defined

See form 395 ref M337C. 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.

All monies due or to become due from thecompany and/or all or any of the other companies named therein to the chargees under the terms of the composite guarantee and debenture dated 20TH march 1992 and this deed