Hamilton Rees Assets Ltd

Bath and West Finance 5 Limited

3. grant of security 3.1 legal mortgage and fixed charges as a continuing security for the payment and discharge of the secured liabilities, the borrower with full title guarantee charges to the lender: 3.1.1 by way of a first legal mortgage, the property; and 3.1.2 by way of a first fixed charge: 3.1.2.1 all its rights in each insurance policy, including all claims, the proceeds of all claims and all returns of premiums in connection with each insurance policy, the rental income and the benefit of any guarantee or security in respect of the rental income, to the extent not effectively assigned under clause 3.2; 3.1.2.2 the benefit of all other contracts, guarantees, appointments and warranties relating to the charged assets and other documents to which the borrower is a party or which are in its favour or of which it has the benefit relating to any letting, development, sale, purchase, use or the operation of the charged assets or otherwise relating to the charged assets (including, in each case, but without limitation, the right to demand and receive all monies whatever payable to or for its benefit under or arising from any of them, all remedies provided for in any of them or available at law or in equity in relation to any of them, the right to compel performance of any of them and all other rights, interests and benefits whatever accruing to or for its benefit arising from any of them); and 3.1.2.3 all licences, consents and authorisations (statutory or otherwise) held or required in connection with its business carried on at the property or the use of any charged asset, and all rights in connection with them. Property: 20 southill road, chatham (ME4 5SA) registered at hm land registry under freehold title number K497589.