NOVAE CAPITAL 1 LIMITED

Company number 02794968

Lloyd's security and trust deed (interavailable - short form) (parent company covenant) (the "trust deed") made between svb underwriting limited (the "continuing member"), clm insurance fund PLC, clm e limited (the "ceasing member") and the society incorporated by lloyd's act 1871 by the name of lloyd's (the "society")

• Created: 31 December 1999
• Delivered: 6 January 2000
• Status: Outstanding
• Transaction Filed: Registration of a charge (395)

Persons entitled

• Lloyd's (As Trustees of the Trusts)

Amount secured

The lloyd's obligations of the ceasing member and the lloyd's obligations of the continuing member due or to become due from the company to the society

Short particulars

As security for the secured obligations referred to in paragraph 1 under "amounts secured by the mortgage or charge" on page 1 of this form, all amonies and other property after the date of the trust deed at any time paid or transferred to or otherwise vested in or under the direct or indirect control of the trustees upon the trusts of the trust deed and all accumulations of income and the investments and other property after the date of the trust deed for the time being representing the same.