Sadler'S Wells Trust Limited

£3,110,400.45 DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE

(I) ALL PRESENT AND/OR FUTURE INDEBTEDNE SS OF THE DEBTOR (AS DEFINED) TO THE CHA RGEE UNDER THE GRANT AND ALL OTHER LIABI LITIES WHATSOEVER OF THE DEBTOR (AS DEFI NED) TO THE CHARGEE PRESENT, FUTURE, ACT UAL AND/OR CONTINGENT; AND (II) ALL COST S, CHARGES AND EXPENSES HOWSOEVER INCURR ED BY THE CHARGEE IN RELATION TO THE GRA NT AND/OR THE CHARGE; AND (III) SUCH IND EBTEDNESS AND/OR LIABILITIES ON A FULL I NDEMNITY BASIS AND DUE OR PAYABLE BY THE DEBTOR (AS DEFINED) PURSUANT TO THE GRA NT OR BY THE COMPANY AND/OR THE DEBTOR ( AS DEFINED) UNDER THE CHARGE AND IN ADDI TION INTEREST ON THE FOREGOING DAY BY DA Y FROM DEMAND UNTIL FULL DISCHARGE (WHET HER BEFORE OR AFTER JUDGMENT) AS CALCULA TED AND COMPOUNDED IN ACCORDANCE WITH TH E ARTS COUNCILS PRACTICE FROM TIME TO TI ME AND THE ARTS COUNCILS COSTS AND EXPEN SES INCURRED (ON A FULL INDEMNITY BASIS) IN CONNECTION WITH THE ENFORCEMENT OF T HE CHARGE (THE "SECURED LIABILITIES")

All monies

£40616.88 DUE FROM THE COMPANY TO THE CH ARGEE UNDER THE TERMS OF THE CHARGE

All monies