A first equitable mortgage and first fixed charge over all interest in and to the secured property. Floating charge over its undertaking ad all other proeprty assets and rights. A specific equitable charge over all freehold and leasehold properties and/or the proceeds of sale thereof fixed and floating charges over undertaking and all property and assets present and future including goodwill bookdebts and the benefits of any licences.

All monies due or to become due from bbh - wl (fundco tranche 1) limited to any senior creditor under the terms of the aforementioned instrument creating or evidencing the charge