Arval UK Limited

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IN THE COMPOSITE GUARANTEE AND DEED OF C HARGE THE COMPANY HAS COVENANTED WITH AN D UNDERTAKEN TO THE COMPANY THAT IT WILL DULY AND PUNCTUALLY PAY OR DISCHARGE TO OR TO THE ORDER OF THE COMPANY ALL SECU RED LIABILITIES WHICH FROM TIME TO TIME BECOME DUE FROM IT TO OR TO THE ORDER OF THE COMPANY UNDER EITHER OR BOTH THE CO MPOSITE GUARANTEE AND DEED OF CHARGE AND THE PROMISSORY NOTE, AT THE TIMES AND I N THE MANNER PROVIDED BY THE COMPOSITE G UARANTEE AND DEED OF CHARGE AND THE PROM ISSORY NOTE.

THE COMPANY HAS COVENANTED WITH AND UNDE RTAKEN TO THE COMPANY THAT IT WILL DULY AND PUNCTUALLY PAY OR DISCHARGE TO OR TO THE ORDER OF THE COMPANY ALL SECURED LI ABILITIES WHICH FROM TIME TO TIME BECOME DUE FROM IT TO OR TO THE ORDER OF THE C OMPANY UNDER EITHER OR BOTH THE COMPOSIT E GUARANTEE AND DEED OF CHARGE AND THE P ROMISSORY NOTE, AT THE TIMES AND IN THE MANNER PROVIDED BY THE COMPOSITE GUARANT EE AND DEED OF CHARGE AND THE PROMISSORY NOTE.

ALL SECURED LIABILITIES WHICH FROM TIME TO TIME BECOME DUE FROM THE COMPANY TO T HE CHARGEE AS TRUSTEE FOR THE SECURED CR EDITORS UNDER THE DECLARATION OF TRUST, THE DEED OF CHARGE OF EVEN DATE OR ANY O THER FINANCE DOCUMENTS (AS THEREIN DEFIN ED)

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ALL INDEBTEDNESS FROM TIME TO TIME DUE T O KLEINWORT BENSON LIMITED UNDER ON PURS UANT TO A FACILITY LETTER DATED 5TH FEB. 1980.

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ALL INDEBTEDNESS FROM TIME TO TIME DUE T O KLEINWORT BENSON LIMITED UNDER OR PURS UANT TO A FACILITY LETTER DATED 5 FEB 19 80

ALL INDEBTEDNESS FROM TIME TO TIME DUE T O KLEINWORT BENSON LIMITED UNDER OR PURS UANT TO A FACILITY LETTER DATED 5 FEB 19 80

ALL INDEBTEDNESS FROM TIME TO TIME DUE T O KLEINWORT BENSON LIMITED UNDER OR PURS UANT TO A FACILITY LETTER 5-2-80

ALL INDEBTEDNESS FROM TIME TO TIME DUE T O KLEINWORT BENSON LIMITED UNDER OR PURS UANT TO A FACILITY LETTER 5-2-80

ALL INDEBTEDNESS FROM TIME TO TIME DUE T O KLEINWORT BENSON LIMITED UNDER OR PURS UANT TO A FACILITY LETTER 5-2-80

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ALL INDEBTEDNESS FROM TIME TO TIME DUE T O KLEINWORT BENSON LIMITED UNDER OR PURS UANT TO A FACILITY LETTER DATED 5-2-80

ALL INDEBTEDNESS FROM TIME TO TIME DUE T O KLEINWORT BENSON LIMITED UNDER OR PURS UANT TO A FACILITY LETTER 5-2-80.

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