GRACECHURCH UTG NO. 423 LIMITED

Company number 04562605

Charge (in the terms of the lloyd's canadian trust deed "the trust deed" dated 25 may 2001. the instrument amends and restates the instrument dated 11 june 1989 which replaced the instrument dated 9 november 1977, as further amended by deeds dated 28 december 2000 and 28 february 2001)

• Created: 31 December 2002
• Delivered: 15 January 2003
• Status: Outstanding
• Transaction Filed: Registration of a charge (395)

Persons entitled

• Royal Trust Corporation of Canada, as Trustee for Any Person to Whom a Sum of Money is Orbecomes Payable in Respect of a "Permitted Canadian Trust Outgoing", the Regulating Trustee Andthe Managing Agent's Trustees of Any Managing Agent and Other Trustees (As Defined)

Amount secured

All monies due or to become due from the company to the chargee under the terms of the aforementioned instrument creating or evidencing the charge

Short particulars

All present and future assets of the member comprised in the member's canadian trust fund constituted under and pursuant to the lloyd's canadian trust deed full particulars of which assets are set out in clause 3 of and schedule 2 to the lloyd's canadian trust deed, including the following, all premiums reinsurance recoveries rights of salvage and subrogation and other monies whatsoever in connection with the members canadian business and all interest of the member therein. See the mortgage charge document for full details.