Stewart & Allen Limited

State Securities PLC

With full title guarantee assigns absolutely by way of security all of its right, title and interest in the non-vesting assets together with the benefit of all existing guarantees the assets: mini cooper s convertible reg no. VA05 hbo chassis no. WMWRH320X0TG84312, citroen relay hdi van reg no. VF55 xmr chassis no. VF7ZAAMFA17737689, amanda promise RG50-25 upstroking pressbrake c/w hurco 7 cnc back gauge and safety scan light guards, YOM1984 c/w selection of toolholders and tooling s/no. 0205025113 for details of further assets please see form MG01.

All monies due or to become due from the company to the chargee on any account whatsoever under the terms of the aforementioned instrument creating or evidencing the charge

State Securities PLC

Fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery see image for full details.

All monies due or to become due from the company to the chargee or any associate on any account whatsoever under the terms of the aforementioned instrument creating or evidencing the charge

Lloyds Tsb Bank PLC

Any sum or sums for the time being standing to the credit of any present or future account of the company with the bank.

All monies due or to become due from the company and/or all or any of the other companies named therein to the chargee on any account whatsoever

Lloyds Tsb Bank PLC

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 the company to the chargee on any account whatsoever

Barclays Bank PLC

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 the company to the chargee on any account whatsoever

Barclays Bank PLC

L/H factory premises at runnings road, cheltenham, gloucestershire as comprised in a lease dated 30.6.82.

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

Barclays Bank PLC

Fixed & floating charge over undertaking and all property and assets present and future including goodwill & book debts, uncalled capital tog. With all fixtures plant & machinery (see doc M9).

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