Lowther & Croasdale (Sawmills) Limited

National Westminster Bank PLC

A specific equitable charge over all freehold and leasehold properties and/or the proceeds of sale thereof fixed and floating charges over undertaking and all property and assets present and future including goodwill bookdebts and the benefits of any licences.

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

Lloyds Bowmaker Limited

1/ Fixed charge over: 1 refurbished klio circular re-saw okay line including api saw base and saw dust conveyor 2) 1 refurbished trim saw unit including green chain transfer deck, extended chainways in feed and de-stocking system 3) 1 plessey computematic stress grading machine mark piva refurbished.

£100,000 and all other monies due or to become due from the company to the chargee under the terms of the chargee.