FERRANTI CONTROL GROUP PLC

Deed of charge

Created on 18 Jul 1990

Delivered on 07 Aug 1990

Status outstanding

Persons Entitled

Baring Brothers & Co Limited

Amount Secured

All monies due or to to become due from ferranti international PLC to the chargee (for itself and as agent for the existing lenders) or the existing lenders or any of them (as therein defined) under the terms of the standstill agreement dated 14.11.86.

Short Particulars

Fixed and floating charge over the goodwill, bookdebts (see form 395 for full details).. Undertaking and all property and assets present and future including uncalled capital.

Transactions

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Facility agreement and collateral account agreement

Created on 15 Jan 1987

Delivered on 21 Jan 1987

Status fully-satisfied

Persons Entitled

Barclays Bank PLC as a Bank & as the Agent and Collateral Agent for the Bank Defined

Amount Secured

All monies due or to become due from the company and/or isc technologies limited to barclays bank PLC as a bank and as agent and as collateral agent for the banks as defined under the terms of the agreements as defined of even date.

Short Particulars

All moneys deposited in the collatral and special accounts ad defined in the agreements (see doc for full details).

Transactions

Charge over deposits

Created on 06 Dec 1985

Delivered on 09 Dec 1985

Status fully-satisfied

Persons Entitled

National Bank of Abu Dhabi

Amount Secured

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

Short Particulars

All moneys now or hereafter standing to the credit of the blocked deposit account at the bank's city of london branch no 527895 for details see doc M24.

Transactions

Security agreement

Created on 13 Sep 1984

Delivered on 03 Oct 1984

Status fully-satisfied

Persons Entitled

Creditanstalt Banverein

National Westminster Bank PLC.

Barclays Bank International LTD.

The Hong Kong Shanghai Banking Corporation

Credit Lyonnais

Amount Secured

All monies due or to become due from the company and/or isc london PLC to the chargees under the terms of the agreements all dated 13/9/84

Short Particulars

Sums deposited in a cash collateral account.

Transactions

Restated loan agreement registered pursuant to an order of court

Created on 31 Aug 1984

Delivered on 13 Jun 1985

Status fully-satisfied

Persons Entitled

Standard Chartered Bank PLC.

Amount Secured

All monies due or to become due from the company and/or all or any of the other companies named therein to the chargee under the terms of the letters of credit and the terms of the agreement

Short Particulars

Any and all funds from time to time deposited in the cash collateral account for further details see doc 22 for further details.

Transactions

Cash collateral agreement

Created on 26 May 1983

Delivered on 01 Jun 1983

Status fully-satisfied

Persons Entitled

Standard Chartered Bank PLC

Amount Secured

All monies due or to become due from the company to the chargee

Short Particulars

Specific deposits in a cash collateral account with the bank & securities instruments negotiable documents or chattel paper the proceeds of the above.

Transactions

Letter of credit facility

Created on 15 Feb 1983

Delivered on 22 Feb 1983

Status fully-satisfied

Persons Entitled

Barclays Bank International Limited

Amount Secured

All monies due or to become due from the company and/or all or any of the other companies named therein to the chargee not exceeding $20,000,000.

Short Particulars

Specific deposits with the bank. See doc M18 for details.

Transactions