By way of a legal mortgage all legal interest in the property known as unit 4, 82 cato street, north, saltley, birmingham, B7 4TS hm land registry title number WM459123.

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The freehold property being unit 32, fens pool avenue, the wallows industrial estate, dudley and registered under title number WM965273 and WM348786.

Scottish widows limited (the chargor) charges, with full title guarantee and by way of first fixed charge in favour of lloyds bank corporate markets (the chargee), as continuing security for the payment and discharge of all of the secured obligations, all of its rights, title and interest from time to time in and to the collateral securities standing to the credit of the securities custody account from time to time. The chargor assigns and agrees to assign absolutely to the chargee with full title guarantee (I) all of its rights, claims, title and interest from time to time in and to the cash custody account, (ii) all of its rights, claims, title and interest from time to time in and to the securities account, and (iii) its rights against the custodian to the extent they relate to the charged assets, the related assets and the custody accounts and all proceeds in respect thereof as continuing security for the payment and discharge of all the secured obligations. The chargor charges, with full title guarantee and by way of first fixed charge in favour of the chargee, as continuing security for the payment and discharge of all of the secured obligations, all of its rights, title and interest from time to time in and to the collateral securities standing to the credit of the securities custody account from time to time. Secured obligations means all the obligations of the chargor to pay any amounts due to the chargee under any master agreement whether actual or contingent, except for any obligation or liability which, if it were included, would cause that obligation or liability or any of the security in respect thereof, to be unlawful, prohibited or invalid by or under any applicable law; and (b) all costs and expenses of the chargee arising under any master agreement or the security deed. Collateral securities means the securities from time to time recorded in and represented by the credit balance of the securities custody account.

Scottish widows limited (the chargor) charges, with full title guarantee and by way of first fixed charge in favour of bank of scotland PLC (the chargee), as continuing security for the payment and discharge of all of the secured obligations, all of its rights, title and interest from time to time in and to the collateral securities standing to the credit of the securities custody account from time to time. The chargor assigns and agrees to assign absolutely to the chargee with full title guarantee (I) all of its rights, claims, title and interest from time to time in and to the cash custody account, (ii) all of its rights, claims, title and interest from time to time in and to the securities account, and (iii) its rights against the custodian to the extent they relate to the charged assets, the related assets and the custody accounts and all proceeds in respect thereof as continuing security for the payment and discharge of all the secured obligations. The chargor charges, with full title guarantee and by way of first fixed charge in favour of the chargee, as continuing security for the payment and discharge of all of the secured obligations, all of its rights, title and interest from time to time in and to the collateral securities standing to the credit of the securities custody account from time to time. Secured obligations means: (a) all obligations of the chargor to pay any amounts due to the chargee under any master agreement whether actual or contingent, except for any obligation or liability which, if it were included, would cause that obligation or liability or any of the security in respect thereof, to be unlawful, prohibited or invalid by or under any applicable law; and (b) all costs and expenses of the chargee arising under any master agreement or this deed. Collateral securities means the securities from time to time recorded in and represented by the credit balance of the securities custody account.

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