In security for the payment and discharge of the secured obligations the company: pledged and assigned the existing shares and related rights to which it is entitled as at 25 october 2006 to the security agent. See the mortgage charge document for full details.

All stock, shares, bonds, debenture, debenture stock, loan stock, unit trust investments, certificates of deposit and other securities of any description and in whatever form. All dividends interest or other distributions paid or payable in respect of them. All allotments accretions offers rights benefits and advantages whatever at any time arising in respect of them. All stocks shares rights money or property accruing to them or offered at any time by way of conversion redemption bonus preference option or otherwise in respect of them and all cash debentures or other obligations shares stocks securities or other valuable consideration of the items held.

Fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery. See the mortgage charge document for full details.

All right title and interest in its total amount of shares (50,000 shares of nok 10.- each totalling nok 500.000.-, fully paid up) in asco norge as, org. No. 971 154 667.

By way of first floating charge all the present and future assets property and undertaking.

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.