Induka Infotech Limited

Hsbc Bank PLC

Any credit balance due to the company under condition 13 of the assignment for the purchase of debts between the company and hsbc see image for full details.

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

Hsbc Bank 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 on any account whatsoever

Hsbc Invoice Finance (UK) LTD ("the Security Holder")

By way of floating charge all the undertaking of the company and all assets whatsoever and wheresoever including stock in trade and uncalled capital but excluding any debts and associated rights relating thereto.

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

Fixed Charge on Purchased Debts Which Fail to Vest

By way of fixed equitable charge all debts purchased or purported to be purchased by the security holder pursuant to an agreement for the purchase of debts between the security holder and the company (including associated rights relating thereto) which fail to vest effectively or absolutely in the security holder for any reason.

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