Wilson Publications Limited

Maddox Bibby Factors Limited

(I) by way of fixed charge any present or future debt the ownership of which fail to vest absolutely and effectively in the security holder for any reason together with the related rights (the factored debts) and (ii) all amounts of indebtedness due to the company on any account whatsoever other than the factored debts (the other debts).by way of floating charge all the undertaking and all the property rights and assets.

All monies due or to become due from the company to the chargee on any account whatsoever whether arising under the factoring agreement or otherwise