Charges

Security interests and charges registered against the company

1 Outstanding 1 Satisfied

Outstanding Charges

Deposit agreement #2

Outstanding

Created On: 28 Jul 2003

Delivered On: 15 Aug 2003

Persons Entitled:

Clydesdale Bank Public Limited Company

Particulars:

By way of first fixed charge all such rights to the repayment of the deposit in deposit account 90371752 82.04.03 re: telebank. See the mortgage charge document for full details.

Secured Details:

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

Satisfied Charges

Debenture #1

Fully Satisfied

Created On: 27 Mar 1998

Satisfied On: 20 Jul 2002

Persons Entitled:

Clydesdale Bank Plc

Particulars:

By way of floating charge all the property assets and undertaking of the company both present & future.