**FLOATING          CHARGE**

**by**

**CODA          OCTOPUS R & D LIMITED**

**in          favour of**

**THE          ROYAL BANK OF SCOTLAND PLC**

**Stuart          Hodge Corporate Lawyers**

**3          Temple Row West**

**Birmingham**

**B2          5NY**

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**TABLE        OF CONTENTS**

| **1.**  | **Definitions                  and Interpretation**             | **1** |
|---------|-----------------------------------------------------------------|-------|
| **2.**  | **Covenant                  to Pay**                            | **3** |
| **3.**  | **Charging                  Provision**                         | **4** |
| **4.**  | **Negative                  Pledge and Ranking of Charge**      | **4** |
| **5.**  | **Continuing                  Obligations**                     | **4** |
| **6.**  | **Appointment                  of Receiver or administrator**   | **5** |
| **7.**  | **Security                  Protection**                        | **6** |
| **8.**  | **Company                  to meet expenses of the Subscriber** | **6** |
| **9.**  | **Further                  Assurance**                          | **7** |
| **10.** | **Power                  of Attorney**                          | **7** |
| **11.** | **Power                  to grant the Charge**                  | **7** |
| **12.** | **Demands                  or Notices**                         | **8** |
| **13.** | **Assignation**                                                 | **8** |
| **14.** | **Currency                  Clauses**                           | **8** |
| **15.** | **Miscellaneous**                                               | **9** |
| **16.** | **Governing                  Law**                              | **9** |
| **17.** | **Consent                  to Registration**                    | **9** |

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**FLOATING        CHARGE **

| (1) | **CODA                  OCTOPUS R & D LIMITED**                  (Registered Number SC232622) having its registered office at Anderson                  House, Breadalbane Street, Edinburgh EH6 5JR ("**Company**"); |
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| (2) | **THE                  ROYAL BANK OF SCOTLAND PLC**(registered                  in Scotland with Registered Number 90312) acting through its London                  offices located at 135 Bishopsgate, London EC2M 3UR ("**Subscriber**”                  which expression includes its successors in title, assignees and                  transferees). |
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| (A) | The                  Company owes various obligations to the Subscriber under the Deed                  of                  Guarantee, and the Subscriber wishes to secure these and any future                  obligations against all of the Assets of the Company from time                  to time;                  and |
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| (B) | The                  Company has therefore agreed to enter into this Charge in favour                  of the                  Subscriber on the following terms and                  conditions. |
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| 1. | **Definitions                  and Interpretation** |
|----|-----------------------------------------------------|

| 1.1 | In                  the interpretation of this Charge:- |
|-----|---------------------------------------------------------|

**“Agreed        Form”**

**Assets**

**“COGI”**

**“Completion”**

**“Completion        Date” **

**“Confidentiality        Agreement”**

**“Debentures”        **
**Debenture**

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**“Deed        of Guarantee” **

**“FGI”**

**“Intercreditor        Deed” **

**Loan        Note Instrument” **

**“Lock-up        Agreements”**

**“Noteholder”        **

**“Notes”        **
**Note**

**Receiver**

**Secured        Liabilities**

**“Security        Agreement”**

**Security        Interest**

**“Subscription        Agreement”**

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**“Transaction        Documents” **

| 1.2 | The                  expressions "holding company" and "subsidiary" shall have the meanings                  given to them in Section 736 of the Companies Act                  1985. |
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| 1.3 | References                  to this Charge and to any provisions of it shall be construed as                  references to it in force for the time being and as amended, varied,                  supplemented, substituted or novated from time to                  time. |
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| 1.4 | References                  to statutes, statutory provisions and other legislation shall include                  all                  amendments, modifications and re-enactments for the time being                  in force                  and shall include any orders, regulations, instruments or subordinate                  legislation under or deriving from the relevant statute or statutory                  provision. |
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| 1.5 | Words                  importing the singular are to include the plural and vice                  versa. |
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| 1.6 | A                  Receiver shall include a reference to joint receivers and any reference                  to                  the appointment of a person as receiver shall include a reference                  to the                  appointment of two or more persons as joint receivers. |
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| 1.7 | References                  to a person are to be construed to include references to a corporation,                  firm, company, partnership, joint venture, unincorporated body                  of persons,                  individual or any state or any agency of a state, whether or not                  a                  separate legal entity. |
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| 1.8 | References                  to any person are to be construed to include that person's assignees                  or                  transferees or successors in title, whether direct or                  indirect. |
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| 1.9 | Clause                  headings are for ease of reference only and are not to affect the                  interpretation of this Charge. |
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| 1.10 | Any                  phrase introduced by the terms “including”, “include”, “in particular” or                  any similar expression shall be construed as illustrative. |
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| 1.11 | Any                  reference to a "fixed security" shall be construed as a reference                  to a                  fixed security as defined in Section 486 of the Companies Act                  1985. |
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| 1.12 | Unless                  the context requires otherwise, or unless otherwise defined in                  this                  Charge, words and expressions defined in the Transaction Documents                  shall                  have the same meanings when used in this                  Charge. |
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| 2. | **Covenant                  to Pay** |
|----|--------------------------------------|

| 2.1 | The                  Company covenants to pay and discharge in full on demand to the                  Subscriber                  the Secured Liabilities when they fall due and                  payable. |
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| 2.2 | Any                  amount not paid in accordance with this Charge when due shall (subject                  to                  Clause 2.3 below) carry interest at the rate of 2% per annum above                  the                  base rate quoted by The Royal Bank of Scotland plc from time to                  time or at                  such other rate as may be agreed between the Company and the Subscriber                  from time to time. In each case, interest shall accrue on a day                  to day                  basis until the date of irrevocable and unconditional repayment                  in full                  and, if unpaid, shall be compounded on the terms so agreed or (in                  the                  absence of such agreed terms) with quarterly rests on 31 March,                  30 June,                  30 September and 31 December in each year. Interest shall continue                  to be                  charged and compounded on this basis after as well as before any                  demand or                  judgment. |
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| 2.3 | Clause                  2.2 above shall not apply to the extent that default interest on                  such                  amount for such period is charged pursuant to the relevant Transaction                  Document and itself constitutes part of the Secured                  Liabilities. |
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| 3. | **Charging                  Provision** |
|----|-----------------------------------------|

| 3.1 | The                  Company grants a floating charge over the Assets to** **the                  Subscriber as a continuing security for the payment and discharge                  of the                  Secured Liabilities. |
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| 3.2 | Paragraph                  14 of Schedule B1 to the Insolvency Act 1986 (incorporated by Schedule                  16                  to the Enterprise Act 2002) shall apply to this                  Charge. |
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| 3.3 | The                  security constituted by or pursuant to this Charge shall be in                  addition to                  and independent of, and shall not in any way prejudice or be prejudiced                  by, any other security, right or remedy against any person which                  the                  Subscriber may at any time hold for the satisfaction of the Secured                  Liabilities or any part thereof. |
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| 4. | **Negative                  Pledge and Ranking of                  Charge** |
|----|-----------------------------------------------------------------------------|

| 4.1 | The                  Company agrees that it shall be prohibited from granting or creating                  subsequent to the date of this Charge any fixed security or any                  other                  floating charge (as defined by the Companies Act 1985) having priority                  over or ranking pari passu with this Charge, other than in favour                  of the                  Subscriber. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.2 | In                  the event that the Company grants or creates any fixed security                  or                  floating charge in breach of the prohibition in Clause 4.1 above,                  this                  Charge shall rank in priority to that fixed security or floating                  charge. |
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| 5. | **Continuing                  Obligations** |
|----|---------------------------------------------|

| 5.1 | to                  register this Charge with the Registrar of Companies for Scotland                  no later                  than 21 days after the date of execution of this                  Charge. |
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| 5.2 | if                  required by the Subscriber to forthwith deposit with the Subscriber                  all or                  any documents, deeds, or other papers whatsoever relating to the                  Assets as                  the Subscriber may require. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.3 | to                  make timely payment of all lawful amounts in respect of the Assets                  when                  due including all rents, periodic charges and outgoings of any                  nature. |
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| 5.4 | to                  keep all of the Assets in a good state of repair and in proper                  and good                  working order and condition and to permit the Subscriber and such                  other                  persons as the Subscriber may from time to time appoint for the                  purpose to                  enter and view the state and condition of the Assets on reasonable                  notice. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.5 | to                  insure and keep insured all of the Assets which are of an insurable                  nature                  against loss or damage by fire and all other usual risks as the                  Subscriber                  may require in the full amount of their reinstatement value in                  such name                  and in such offices as the Subscriber shall approve in terms not                  permitting the insurers to cancel the policy of insurance without                  giving                  at least 14 days’ notice to the Company and to pay when due all premiums                  and any other charges necessary for effecting and maintaining such                  insurance and, if requested by the Subscriber, to have the interest                  of the                  Subscriber noted on any policy or policies and if required to deliver                  to                  the Subscriber such policy or policies and the receipt for every                  premium                  payable in respect of such policy or                  policies. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 5.6 | to                  hold all monies received on any insurance whatsoever in respect                  of loss,                  damage or destruction of the Assets whether under the covenant                  in                  paragraph 5.7 or otherwise on trust for the Subscriber to be applied                  in                  making good the loss or damage in respect of which the monies are                  received                  or in or towards discharge of the sums for the time being owing                  to the                  Subscriber under this Charge as the Subscriber may in its absolute                  discretion require. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.7 | not                  without the previous written consent of the Subscriber to create                  or                  attempt to create any mortgage, pledge, fixed or floating charge                  or other                  encumbrance or security interest on or over any of the                  Assets. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.8 | not                  to take or omit to take any action that might or would have the                  result of                  materially impairing the security interests created by this Charge.                  The                  Company will not grant to any person other than the Subscriber                  and the                  Noteholders any interest whatsoever in the                  Assets. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.9 | to                  inform the Subscriber immediately on becoming bound to complete                  the                  purchase of any estate or interest in any heritable or leasehold                  property                  after the date of this floating charge and to deposit with the                  Subscriber                  the deeds and documents of title relating to such                  property. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.10 | to                  execute at any time upon request over all or any of the property                  referred                  to in paragraph 5.9 and which is capable of being so charged, a                  standard                  security in favour of the Subscriber in such form as the Subscriber                  shall                  require. |
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| 5.11 | to                  execute and do all such assurances and things including (without                  prejudice                  to the generality of the foregoing) charges and assignations as                  the                  Subscriber may require for perfecting the security constituted                  by this                  Charge and for facilitating the realisation of the Assets and for                  exercising all powers, authorities and discretions conferred by                  this                  Charge upon the Subscriber or any receiver appointed by the Subscriber                  and                  to give notice of any such assurance or other thing to any person                  the                  Subscriber may require. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.12 | to                  comply with any and all covenants and undertakings which the Company                  has                  entered into in the other Transaction                  Documents. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | **Appointment                  of Receiver or                  administrator** |
|----|--------------------------------------------------------------------------------|

| 6.1 | All                  monies secured by this Charge shall be immediately payable on demand                  by                  the Subscriber in accordance with the provisions of the Loan Note                  Instrument and the other Transaction Documents and failing payment                  immediately of any monies so demanded this security shall become                  immediately enforceable and the Subscriber shall be entitled to                  appoint in                  writing a Receiver of all or any of the Assets and/or an Administrator                  of                  the Company (in each case in accordance with and to the extent                  permitted                  by applicable laws) either immediately or at any time thereafter.                  In                  addition, all monies secured by this Charge shall also become payable                  without any demand and this security will become immediately enforceable                  in the same manner as if demanded either immediately or at any                  time                  after: |
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|   | 6.1.1 | if                  the Company shall request that the Subscriber shall appoint a Receiver                  or                  an administrator; or |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 6.1.2 | if                  there is an Event of Default (as detailed in Condition 9.1 of the                  Loan                  Note Instrument) which has not been remedied as provided for in                  Condition                  9.2 of the Loan Note Instrument; or |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 6.1.3 | if                  the Company fails to observe or commits any breach of any of the                  covenants                  undertakings conditions or provisions of this Charge provided always                  that                  (save for a breach of Paragraphs 5.1 or 5.2 of this Charge or a                  breach of                  Condition 9.1 (e) of the Loan Note Instrument) before this security                  becomes enforceable the Company shall have a period of 30 days                  (or such                  longer period as is reasonable in the circumstances and which is                  agreed                  between the Company and the Subscriber, both parties acting reasonably)                  from the earlier of (i) the date the Company becomes aware, or                  ought                  reasonably to be aware, of the failure to observe or commission                  of the                  breach and (ii) the date the Company is given notice by either                  the                  Subscriber or a majority (by value) of the Noteholders in which                  to remedy                  any failure to observe or breach. If the Company remedies the failure                  to                  observe or breach in accordance with this Paragraph 6.1.3 then                  this                  security shall not become immediately enforceable as a result of                  the                  failure to observe or breach which has been                  remedied; |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 6.1.4 | if                  an order is made for the winding up of the Company by the court                  or if an                  effective resolution is passed for the members’ or creditors’ voluntary                  winding up of the Company; or |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 6.1.5 | if                  a petition is presented for an administration order to be made                  in relation                  to the Company pursuant to the Insolvency Act 1986;                  or |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 6.1.6 | if                  a receiver is appointed to all or any part of the property and                  assets of                  the Company. |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2 | After                  this Charge shall have become enforceable the Subscriber may in                  its                  absolute discretion enforce all or any part of the security constituted                  hereby in such manner as it sees                  fit. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7. | **Security                  Protection** |
|----|------------------------------------------|

| 8. | **Company                  to meet expenses of the                  Subscriber** |
|----|----------------------------------------------------------------------------------|

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| 9. | **Further                  Assurance** |
|----|----------------------------------------|

| 10. | **Power                  of Attorney** |
|-----|----------------------------------------|

| 11. | **Power                  to grant the Charge** |
|-----|------------------------------------------------|

| 11.1 | The                  Company represents and warrants to the Subscriber                  that:- |
|------|------------------------------------------------------------------------------------------------|

|   | 11.1.1 | it                  is duly incorporated and validly existing in the United Kingdom                  and has                  full authority to enter into this Charge and to perform its obligations                  hereunder; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 11.1.2 | this                  Charge constitutes its legal, valid and binding obligation and                  is an                  effective security over the Assets; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 11.1.3 | that                  neither the execution of this Charge nor the creation of any security                  under or pursuant to it contravenes or will contravene the provisions                  of                  the memorandum or articles of association of the Company or any                  equivalent                  constitutional documents governing the Company; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 11.1.4 | the                  Company is the sole legal and beneficial owner of the Assets subject                  to                  any security interests disclosed in the Disclosure                  Letter; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 11.1.5 | the                  Company has not stopped payment on any debts and is not insolvent                  or                  unable to pay its debts for the purpose of Section 123 of the                  Act; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 11.1.6 | all                  approvals required to be obtained whether under the provisions                  of the                  Companies Act 1985 or any other enactment have been duly obtained                  and that                  it is in a position to enter into this                  Charge. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 11.1.7 |   |
|--------|--------|--------|

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| 11.2 | The                  Company agrees and undertakes to indemnify the Subscriber on a                  full                  indemnity basis from and against all and any liabilities arising                  as a                  result of any breach of the warranties set out in Paragraph                  11.1. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12. | **Demands                  or Notices** |
|-----|-----------------------------------------|

| 12.1 | A                  demand for payment or any other demand or notice under this Charge                  shall                  either be delivered personally or sent by first class recorded                  delivery                  post, tested telex or facsimile transmission. The address of the                  service                  of each party shall be the address stated in this Charge or such                  other                  address as it shall have from time to time notified to the other                  party. A                  notice shall be deemed to have been served as                  follows:- |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 12.1.1 | if                  personally delivered, at the date of                  delivery; |
|--------|--------|-------------------------------------------------------------------------------------|

|   | 12.1.2 | if                  posted, at the expiration of 48 hours after the envelope containing                  the                  same was delivered into the custody of the postal authority;                  and |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 12.1.3 | if                  sent by facsimile transmission, at the time of                  transmission. |
|--------|--------|---------------------------------------------------------------------------------------------------|

| 12.2 | A                  certificate by any manager or officer of the Subscriber as to the                  amount                  of the Secured Liabilities or any part of them shall in the absence                  of                  manifest error, be conclusive and binding on the                  Company. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13. | **Assignation** |
|-----|-----------------|

| 13.1 | The                  Subscriber may assign and transfer the benefit of this Charge to                  any                  person acting for the benefit of the Noteholders and all references                  in                  this Charge to the Subscriber shall be deemed to include its assignees                  and                  other successors. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.2 | The                  Company shall not be entitled to assign or transfer all or any                  of its                  rights in respect of this Charge to any person without the prior                  written                  consent of the Subscriber. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14. | **Currency                  Clauses** |
|-----|---------------------------------------|

| 14.1 | All                  monies received or held by the Subscriber, a Receiver or an administrator                  under this Charge may from time to time after demand has been made                  by the                  Subscriber be converted into such other currency as the Subscriber                  considers necessary or desirable to cover the obligations and liabilities                  actual or contingent of the Company in that other currency at the                  then                  prevailing spot rate of exchange obtainable by the Subscriber (as                  conclusively determined by the Subscriber) for purchasing that                  other                  currency with the existing                  currency. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.2 | If                  and to the extent that the Company fails to pay the amount due                  on demand                  the Subscriber may in its absolute discretion without notice to                  the                  Company purchase at any time thereafter so much of any currency                  as the                  Subscriber considers necessary or desirable to cover the obligations                  and                  liabilities of the Company in such currency hereby secured at the                  then                  prevailing spot rate of exchange obtainable by the Subscriber (as                  conclusively determined by the Subscriber) for purchasing such                  currency                  with sterling and the Company hereby agrees to indemnify the Subscriber                  against the full sterling cost incurred by the Subscriber for such                  purchase. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 14.3 | No                  payment to the Subscriber (whether under any judgement or court                  order or                  otherwise) shall discharge the obligation or liability of the Company                  in                  respect of which it was made unless and until the Subscriber shall                  have                  received payment in full in the currency in which such obligation                  or                  liability was incurred and to the extent that the amount of any                  such                  payment shall on actual conversion into such currency falls short                  of such                  obligation or liability actual or contingent expressed in that                  currency                  the Subscriber shall have a further separate cause of action against                  the                  Company and shall be entitled to enforce the charges hereby created                  to                  recover the amount of the                  shortfall. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15. | **Miscellaneous** |
|-----|-------------------|

| 15.1 | All                  the provisions of this Charge are severable and distinct from one                  another                  and if at any time one or more of such provisions is or becomes                  invalid                  illegal or unenforceable the validity legality and enforceability                  of the                  remaining provisions hereof shall not in any way be affected or                  impaired                  thereby. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15.2 | No                  payment to the Subscriber (whether under any judgment or order                  of any                  Court or otherwise) shall discharge the obligation or liability                  of the                  Company in respect of which it was made unless and until the Subscriber                  shall have received payment in full and to the extent that the                  amount of                  any such payment shall fall short of such obligation or liability                  the                  Subscriber shall have a further separate cause of action against                  the                  Company and shall be entitled to enforce the charges hereby created                  to                  recover such sum as shall pay the amount of the                  shortfall. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15.3 | No                  failure or delay by the Subscriber in exercising any right or remedy                  shall                  operate as a waiver thereof nor shall any single or partial exercise                  or                  waiver of any right or remedy preclude its further exercise or                  the                  exercise of any other right or remedy as though no waiver had been                  made                  and no relaxation or indulgence                  granted. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15.4 | Any                  change in the constitution of the Subscriber or its absorption                  in or                  amalgamation with any other person or the acquisition of all or                  part of                  its undertaking by any other person shall not in any way prejudice                  or                  affect its rights hereunder. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16. | **Governing                  Law** |
|-----|------------------------------------|

| 17. | **Consent                  to Registration** |
|-----|----------------------------------------------|

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|  .................................................DirectorJason                  Reid            |   ..........................................Director(Signature)                                     |
|-------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------|
|                                                                                                  |                                                                                                          |
|  .................................................Director/Jody                  Frank Secretary |    ............................................Director/(Signature)                  Secretary |

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