Merchant Turnaround Plc

Merchant Capital Limited (As Security Trustee for the Bondholders)

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 and/or the creditors on any account whatsoever under the terms of the aforementioned instrument creating or evidencing the charge