Munatsi Logistics Ltd

‘Funding Circle Limited (As Security Agent on Behalf of Itself and the Other Secured Parties)’

2. charge. 2.1 the borrower, as continuing security for the payment and discharge of the borrower's debt and with full title guarantee:. 2.1.1 charges to the security holder, by way of fixed charge:. (A) all land acquired by the borrower in the future;. (B) all present and future interests of the borrower not effectively mortgaged or charged under the preceding provisions of this clause 2 in, or over, freehold or leasehold property;. (C) all present and future fixtures and fittings attached to any land and all rents receivable from any lease granted out of that land;. (D) all present and future equipment, plant, machinery, tools, vehicles, furniture, fittings, installations and apparatus or other tangible moveable property for the time being owned by the borrower including any part of it and all spare parts, replacements, modifications and additions and including any associated warranties and maintenance contracts;. (E) all the present and future goodwill of the borrower’s business;. (F) any uncalled capital;. (G) all present and future stocks, shares, loan capital, bonds and other securities and investments (investments) held by the borrower at any time or by any subsidiary and all income and rights relating to those investments;. (H) all monies from time to time standing to the credit of its accounts with any bank, financial institution or other person together with all other rights and benefits accruing or arising in relation to such accounts; and. (I) all intellectual property, licences, claims, insurance policies (including proceeds of any insurance policy and right to return of premium) in so far as not assigned under clause 2.1.2 and any other legal rights.. 2.1.2 assigns to the security holder absolutely, subject to a proviso for reassignment on irrevocable discharge in full of the borrower’s debt:. (A) all its rights in each contract and policy of insurance effected or maintained by the borrower from time to time in respect of its land, assets or business; and. (B) the benefit of any agreement, instrument and rights relating to its land, assets or business.. 2.1.3 charges to the security holder by way of floating charge over all the other property, assets and rights of the borrower owned now or in the future which are not subject to an effective mortgage, fixed charge or assignment under this deed or under any other security held by the security holder prior to the date of this security.. 2.2 paragraph 14 of schedule B1 of the insolvency act 1986 (as amended) applies to the floating charge created by clause 2.1.3 above.