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.

All such rights to the repayment of the deposit meaning the debt(s) on the account(s) described in the schedule being the account with the bank denominated in sterling designated ltsb re systems technology (S.E.) LTD and numbered 3502988 and any account(s) for the time being replacing the same and all interest owing in respect thereof and all deposits with the banks treasury division on the name of the bank re the company.

All money, including bonuses, that has accrued or may become payable under the company's policy of insurance on the life of spencer jay gradus with bupa health assurance limited policy number H129494901/CT15/001 dated 2 august 2002, the benefit of all options and rights given to the company in connection with the policy, and all the company's rights and interests in the policy.

A fixed and floating charge over all assets.

Not applicable.