Document:

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                                                                    Exhibit 10.9

                            WEIGH-TRONIX CANADA, ULC

                                   as Obligor

                                      and

                              FLEET NATIONAL BANK

                              as Collateral Agent

________________________________________________________________________________

                          DEBENTURE PLEDGE AGREEMENT

                                 June 13, 2000

________________________________________________________________________________

                                Stikeman Elliott
<PAGE>

                           DEBENTURE PLEDGE AGREEMENT

     Debenture pledge agreement dated as of the 13/th/ day of June, 2000 made by
WEIGH-TRONIX CANADA, ULC, an unlimited company incorporated and existing under
the laws of the Province of Nova Scotia, to and in favour of FLEET NATIONAL BANK
for the benefit of and as agent of the Secured Creditors.

     WHEREAS:

A.   The Obligor, the guarantors referred to therein, the Original Borrowers,
Fleet National Bank (as successor to BankBoston N.A.), as Foreign Agent and as
Foreign Bank, the other lending institutions listed on Schedule I thereto and
the Original Agent entered into the Existing Credit Agreement providing for the
making of credit facilities available to the Original Borrowers;

B.   pursuant to an assignment and acceptance agreement dated as of the 13/th/
day of June, 2000 between, inter alia, the Obligor, the Original Borrowers, the
Original Creditors, the Lenders, the Agent and the Collateral Agent, the parties
to the Existing Credit Agreement assigned, inter alia, all of their respective
rights and obligations under the Existing Credit Agreement and the other Loan
Documents to the parties to the Amended and Restated Credit Agreement;

C.   in connection with the foregoing, the Obligor and SWT, as borrowers, Weigh-
Tronix, LLC, certain banks and financial institutions party thereto, Lehman
Brothers Inc., as sole advisor, Lehman Brothers Inc. and FleetBoston Robertson
Stephens Inc., as co-arrangers and co-book managers, Lehman Commercial Paper
Inc., as syndication agent, Fleet National Bank, as security agent, and the
Agent have amended and restated the Existing Credit Agreement on the terms and
conditions contained in the Amended and Restated Credit Agreement; and

D.   it is a condition precedent to the continued extensions of credit to the
Obligor and SWT on the terms and conditions of the Amended and Restated Credit
Agreement that the Obligor execute and deliver this debenture pledge agreement
to and in favour of the Collateral Agent as security for the payment and
performance of the Secured Obligations by the Obligor.

     NOW THEREFORE in consideration of the foregoing premises, the sum of $10.00
in lawful money of Canada now paid by the Collateral Agent to the Obligor and
other good and valuable consideration (the receipt and adequacy of which are
hereby acknowledged) the Obligor agrees as follows:
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                                      -2-

                                   ARTICLE 1
                                 INTERPRETATION

Section 1.1  Defined Terms.

     As used in this debenture pledge agreement and the recitals hereto, the
following terms have the following meanings:

     "Agent" means Fleet National Bank acting as administrative agent for the
Lenders under the Amended and Restated Credit Agreement and any successor
appointed pursuant to the Amended and Restated Credit Agreement.

     "Amended and Restated Credit Agreement" means the amended and restated
credit agreement dated as of the 13th day of June, 2000, among the Obligor and
SWT, as borrowers, Weigh-Tronix, LLC, the Lenders, as lenders, Lehman Brothers
Inc., as sole advisor, Lehman Brothers Inc. and FleetBoston Robertson Stephens
Inc., as co-arrangers and co-book managers, Lehman Commercial Paper Inc., as
syndication agent, Fleet National Bank, as security agent, and the Agent, as the
same may be further amended, modified, extended, renewed, replaced, restated,
supplemented or refinanced from time to time and including any agreement
extending the maturity of, refinancing or restructuring (including the inclusion
of additional borrowers thereunder or any increase in the amount borrowed) all
or any portion of, the indebtedness under such agreement or any successor
agreements, whether or not with the same agent or lenders.

     "Amended and Restated Guarantee" means the Original Guarantee, as amended
and restated by the amended and restated guarantee made as of the date hereof in
favour of the Secured Creditors and the Collateral Agent, as the same may be
further amended, modified, extended, renewed, replaced, restated or supplemented
from time to time.

     "Collateral Agent" means the Agent acting as collateral agent for the
Secured Creditors.

     "Credit Documents" means, collectively, the Amended and Restated Credit
Agreement, the Loan Documents, the Letters of Credit, any Specified Hedge
Agreement and any other document made, delivered or given in connection
therewith.

     "Debenture" means the demand debenture dated as of June 13, 2000 issued by
the Obligor in favour of Fleet National Bank in the principal amount of
Cdn.$20,000,000 and bearing interest at the rate of 25% per annum together with
all renewals thereof, substitutions therefor, accretions thereto, interest
thereon and proceeds thereof.
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                                      -3-

     "Event of Default" shall mean any Event of Default under, and as defined
in, the Amended and Restated Credit Agreement or any payment default, after any
applicable grace period, under any other Credit Document.

     "Existing Credit Agreement" means the credit agreement dated as of the 1st
day of May, 1998 among the Original Borrowers, Fleet National Bank (as successor
to BankBoston, N.A.), as Foreign Agent and as Foreign Bank, the other lending
institutions listed on Schedule I thereto, and the Original Agent as amended,
restated, modified and in effect immediately prior to the date of execution of
the Amended and Restated Credit Agreement.

     "Letters of Credit" has the meaning ascribed thereto in the Amended and
Restated Credit Agreement.

     "Loan Documents" has the meaning ascribed thereto in the Amended and
Restated Credit Agreement.

     "Obligor" means Weigh-Tronix Canada, ULC, an unlimited company incorporated
and existing under the laws of the Province of Nova Scotia, and its successors
and permitted assigns.

     "Original Agent" means Fleet National Bank, as successor to BankBoston,
N.A., acting as administrative agent for the Original Lenders under the Existing
Credit Agreement.

     "Original Borrowers" means, collectively, Palometa Investments B.V., SWT
Limited, Salter Housewares Holdings Limited, and Salter Housewares Limited, as
borrowers under the Existing Credit Agreement and their respective successors
and permitted assigns.

     "Original Guarantee" means a guaranty by the Obligor dated as of the 1/st/
day of May, 1998, guaranteeing the payment and performance of the Original
Borrowers' obligations under the Existing Credit Agreement as amended, modified
supplemented and in effect immediately prior to the execution and delivery of
the Amended and Restated Guarantee.

     "Person" has the meaning ascribed thereto in the Amended and Restated
Credit Agreement.

     "Secured Creditors" means, collectively, the Agent, the Collateral Agent,
the Lenders and each of the Agent, a Lender or any affiliate of such Lender, as
a counterparty under any Specified Hedge Agreement.

     "Specified Hedge Agreement" has the meaning ascribed thereto in the Amended
and Restated Credit Agreement.
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                                      -4-

     "SWT" means SWT Financial B.V., a limited liability company organized under
the laws of The Netherlands, and its successors and permitted assigns.

Section 1.2  Terms Incorporated by Reference.

     Capitalized terms used herein but not defined in this debenture pledge
agreement shall have the meanings given to them in the Amended and Restated
Credit Agreement.

Section 1.3  Certain Phrases, etc.

     In this debenture pledge agreement the words "including" and "includes"
mean "including (or includes) without limitation".

Section 1.4  Gender and Number.

     Any reference in this debenture pledge agreement to gender shall include
all genders and words importing the singular number only shall include the
plural and vice versa.

Section 1.5  Headings, etc.

     The division of this debenture pledge agreement into Articles and Sections
and the insertion of headings are for convenient reference only and are not to
affect its interpretation.

                                   ARTICLE 2
                                   SECURITY

Section 2.1  Pledge of Debenture.

     The Obligor pledges and hypothecates to, and deposits with, the Collateral
Agent, for the benefit of and as agent of the Secured Creditors, the Debenture.

Section 2.2  Secured Obligations Secured.

     (1)  The pledge and hypothecation in this debenture pledge agreement (the
"Pledge") secure the payment and performance of all debts, liabilities and
obligations, present or future, direct or indirect, absolute or contingent,
matured or unmatured, at any time or from time to time due or accruing due and
owing by or otherwise payable by the Obligor to the Collateral Agent and the
Secured Creditors, in any currency, and whether incurred by the Obligor alone or
with another or others, arising out of, in connection with or pursuant to the
Amended and Restated Credit Agreement, Amended and Restated Guarantee and the
other Credit Documents (collectively, and together with the expenses, costs and
charges set out in Section 2.2(2), the "Secured Obligations").
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                                      -5-

     (2)  All expenses, costs and charges incurred by or on behalf of the
Collateral Agent and the Secured Creditors in connection with this debenture
pledge agreement, the Debenture or the Charged Premises (as defined in the
Debenture), including all legal fees, court costs, receiver's or agent's
remuneration and other expenses of taking possession of, repairing, protecting,
insuring, preparing for disposition, realizing, collecting, selling,
transferring, delivering or obtaining payment for the Charged Premises, and of
taking, defending or participating in any action or proceeding in connection
with any of the foregoing matters or otherwise in connection with the Collateral
Agent and the Secured Creditors' interest in any Charged Premises, whether or
not directly relating to the enforcement of this debenture pledge agreement or
any other Credit Document, shall be added to and form a part of the Secured
Obligations.

Section 2.3  Payment of Interest.

     Payment to the Collateral Agent and the Secured Creditors of interest for
any period in respect of the Secured Obligations shall be deemed to be payment
in satisfaction of the interest payment for the same period under the Debenture.
Neither the Collateral Agent nor any Secured Creditor shall, at any time, claim
any greater amount in respect of the principal amount of the Debenture than the
aggregate amount of the Secured Obligations outstanding at that time.

                                   ARTICLE 3
                                  ENFORCEMENT

Section 3.1  Enforcement.

     In the event the Obligor fails to pay or perform any of the Secured
Obligations when due and payable or to be performed, as the case may be, the
Collateral Agent may at any time realize upon or otherwise dispose of the
Debenture by sale, transfer or delivery or exercise and enforce all rights and
remedies of a holder of the Debenture as if the Collateral Agent were the
absolute owner of the Debenture, without notice to or control by the Obligor and
any such remedy may be exercised separately or in combination and shall be in
addition to and not in substitution for any other rights the Secured Creditors
or the Collateral Agent may have, however created.

Section 3.2  Application of Proceeds.

     All monies collected by the Collateral Agent upon any sale or other
disposition of the Collateral together with all monies received by the
Collateral Agent hereunder, shall be applied in the manner provided in Section
5.10 of the amended and restated security agreement dated as of the date hereof
made by the Obligor in favour of the Collateral Agent for the benefit of the
Secured Creditors.
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                                      -6-

Section 3.3  Dealing with the Debenture.

     (1)  The Secured Creditors and the Collateral Agent shall not be obliged to
exhaust their recourse against the Obligor or any other Person or Persons or
against any other security they may hold in respect of the Secured Obligations
before realizing upon or otherwise dealing with the Debenture in such manner as
the Collateral Agent may consider desirable.

     (2)  The Collateral Agent and the Secured Creditors may grant extensions or
other indulgences, take and give up securities, accept compositions, grant
releases and discharges and otherwise deal with the Obligor and with other
Persons, sureties or securities as they may see fit without prejudice to the
Secured Obligations, the liability of the Obligor or the rights of the
Collateral Agent or the Secured Creditors in respect of the Debenture.

     (3)  The Secured Creditors and the Collateral Agent shall not be (i) liable
or accountable for any failure to collect, realize or obtain payment in respect
of the Debenture, (ii) bound to institute proceedings for the purpose of
collecting, enforcing, realizing or obtaining payment of the Debenture or for
the purpose of preserving any rights of the Secured Creditors, the Obligor or
any other parties, (iii) responsible for any loss occasioned by any sale or
other dealing with the Debenture or by the retention of or failure to sell or
otherwise deal with the Debenture, or (iv) bound to protect the Debenture from
depreciating in value or becoming worthless.

Section 3.4  Dual Capacity.

     The Obligor hereby acknowledges and agrees that the Debenture shall be held
by the Collateral Agent both as general and continuing collateral security for
the payment and performance of the Secured Obligations and as a pledge
hereunder. Whenever the security hereby constituted shall be enforceable, the
Collateral Agent may elect either (i) to enforce all rights and remedies of a
holder of the Debenture as fully and effectually as if the Collateral Agent were
absolute owner thereof; or (ii) to enforce its rights as a pledgee as otherwise
provided hereunder.

                                   ARTICLE 4
                                    GENERAL

Section 4.1  Transfer of Debenture.

     Any sale, transfer, negotiation or delivery of the Debenture by the
Collateral Agent before the Pledge shall have become enforceable shall be made
subject to the terms hereof. Whenever the Pledge shall become enforceable, the
Collateral Agent may sell, transfer, negotiate or deliver the Debenture without
restriction.
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Section 4.2  No Merger.

     The Debenture and this debenture pledge agreement shall not operate by way
of merger of any of the Secured Obligations and no judgment recovered by the
Collateral Agent or any of the Secured Creditors shall operate by way of merger
of, or in any way affect, the Pledge which is in addition to, and not in
substitution for, any other security now or hereafter held by the Collateral
Agent and the Secured Creditors in respect of the Secured Obligations.

Section 4.3  Notices.

     Any notices, directions or other communications provided for in this
debenture pledge agreement shall be in writing and given in accordance with the
provisions of Section 5.1 of the amended and restated security agreement dated
as of the date hereof made by the Obligor in favour of the Collateral Agent for
the benefit of the Secured Creditors.

Section 4.4  Further Assurances.

     The Obligor shall from time to time, whether before or after the Pledge
shall have become enforceable, do all such acts and things and execute and
deliver all such transfers, assignments and instruments as the Collateral Agent
may reasonably require for (i) protecting the Debenture, (ii) perfecting the
Pledge, and (iii) exercising all powers, authorities and discretions conferred
upon the Collateral Agent. The Obligor shall, from time to time after the Pledge
has become enforceable, do all such acts and things and execute and deliver all
such transfers, assignments and instruments as the Collateral Agent may require
for facilitating the sale of the Debenture in connection with its realization.

Section 4.5  Supplemental Security.

     This debenture pledge agreement and the Debenture are in addition and
without prejudice to and supplemental to all other security now held or which
may hereafter be held by the Collateral Agent and or the Secured Creditors.

Section 4.6  Successors and Assigns.

     This debenture pledge agreement shall be binding upon the Obligor, its
successors and assigns, and shall enure to the benefit of the Secured Creditors,
the Collateral Agent and their respective successors and assigns.  The Obligor
may not assign, transfer or delegate any of its rights and obligations under
this debenture pledge agreement without the prior written consent of the
Collateral Agent.

Section 4.7  Severability.

     If any provision of this debenture pledge agreement is deemed by any court
of competent jurisdiction to be invalid or void, the remaining provisions shall
remain in full force and effect.
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                                      -8-

Section 4.8  Waivers, etc.

     No amendment of this debenture pledge agreement and no consent or waiver by
the Collateral Agent or the Secured Creditors in respect hereof shall be
effective unless made in writing and signed by an authorized officer of the
Collateral Agent and then such amendment, consent or waiver shall be effective
only in the specific instance and for the specific purpose for which given.  Any
such amendment shall be effective only if also signed by the Obligor.  No
failure or delay on the part of the Collateral Agent or the Secured Creditors in
exercising a right under this debenture pledge agreement shall operate as a
waiver of, or impair, any right of the Collateral Agent or the Secured Creditors
however created.  No single or partial exercise of a right shall preclude any
further exercise of such right or the exercise of any other right.

Section 4.9  Releases.

     The Pledge shall be released upon the satisfaction of the conditions
referred to in Section 5.2 of the amended and restated security agreement dated
as of the date hereof made by the Obligor in favour of the Collateral Agent for
the benefit of the Secured Creditors.

Section 4.10  Conflicts.

     To the extent, if any, that the terms and provisions of this debenture
pledge agreement or of the Debenture conflict with the terms and provisions of
the Amended and Restated Credit Agreement, the terms and provisions of the
Amended and Restated Credit Agreement shall govern.

Section 4.11  Collateral Agent.

     By accepting the benefits of this debenture pledge agreement, each Secured
Creditor acknowledges and agrees that the rights and obligations of the
Collateral Agent shall be as set forth in Section 9 of the Amended and Restated
Credit Agreement.

Section 4.12  Governing Law.

     This debenture pledge agreement shall be governed by and interpreted and
enforced in accordance with the laws of the Province of Ontario and the federal
laws of Canada applicable therein.
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     IN WITNESS WHEREOF the Obligor has caused this debenture pledge agreement
to be executed by its duly authorized officer as of the date first above
written.

                                           WEIGH-TRONIX CANADA, ULC

                                           Per: /s/ Weigh-Tronix Canada, ULC
                                                ----------------------------
                                                Authorized Signing Officer<PAGE>

                                                                   Exhibit 10.10

                            WEIGH-TRONIX CANADA, ULC

                                 as Corporation

                                      and

                              FLEET NATIONAL BANK

                                   as Holder

________________________________________________________________________________

                               DEMAND DEBENTURE
                                 June 13, 2000

________________________________________________________________________________

                                Stikeman Elliott
<PAGE>

                                DEMAND DEBENTURE

                            WEIGH-TRONIX CANADA, ULC

          (incorporated under the laws of the Province of Nova Scotia)

Principal Sum: TWENTY MILLION CANADIAN DOLLARS (Cdn. $20,000,000.00)

Issue Date:    June 13, 2000

Due:           ON DEMAND

Interest Rate: a nominal rate of twenty-five per cent (25%) per annum

                                   ARTICLE 1
                        ACKNOWLEDGEMENT OF INDEBTEDNESS

Section 1.1  Acknowledgement.

     Weigh-Tronix Canada, ULC (the "Corporation"), an unlimited company
value received, acknowledges itself indebted and promises to pay ON DEMAND, to
or to the order of Fleet National Bank (and any subsequent holder or holders of
this debenture being referred to as the "Holder") the principal sum of Twenty
Million Canadian Dollars (Cdn. $20,000,000) in lawful money of Canada on
presentation and surrender of this debenture at the offices of the Holder at 100
Federal Street, Boston, MA 02110, or at such other place as the Holder may
designate by notice in writing to the Corporation, and in the meantime to pay
interest in like money on the principal sum monthly from this date at the rate
per annum of twenty-five per cent (25%) on the last day of each month, before
and after demand and after judgment, with interest on overdue interest at the
same rate, the first such payment of interest to become due and be paid on the
last day of the month immediately following this date or such earlier day as
such principal sum shall be repaid in full.

                                   ARTICLE 2
                                    SECURITY

Section 2.1  Terms Incorporated by Reference.

     Terms defined in the Ontario Personal Property Security Act (as amended
from time to time, the "PPSA") and used in this debenture shall have the same
meanings.
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                                      -2-

Section 2.2  Grant of Security.

     Subject to Section 2.4, as security for the due payment of all moneys
payable under this debenture, the Corporation:

     (a)  grants, assigns, conveys, transfers, mortgages, pledges and charges,
          as and by way of a fixed and specific mortgage, charge and pledge, to
          and in favour of the Holder, and otherwise grants to the Holder a
          security interest in, all of the Corporation's right, title and
          interest in and to:

     A.   all real and immoveable property, both freehold and leasehold, and
          other interests in such property (collectively, the "Lands")
          wheresoever situate, now owned or hereafter acquired by the
          Corporation and all rights, leases, licences, easements, rights-of-
          way, profits a prendre, appurtenances, privileges, concessions,
          claims, works, tenements, hereditaments, and interests in real
          property with respect to the Lands (and all renewals, extensions and
          amendments or substitutions thereof) and all other facilities relating
          to or required for use in connection with the Lands, and all
          buildings, erections, structures, improvements, underground
          facilities, power, fuel and water supply, storage, waste disposal,
          roads and other transportation facilities and fixed plant, machinery
          and equipment presently situated on or under the Lands or which may at
          any time hereafter be constructed or brought or placed on or under the
          Lands or used in connection with the Lands;

     B.   all furniture, goods, chattels, accessories, fixtures, equipment,
          machinery, tools, apparatus, vehicles, milling, processing, service,
          storage and other related infrastructures and other tangible personal
          property of every kind and description now owned or hereafter
          acquired, wherever situate;

     C.   all inventory including goods held for sale, lease or resale, goods
          furnished or to be furnished to third parties under contracts of
          lease, consignment or service, goods which are raw materials or work
          in process, goods used in or procured for packing and materials used
          or consumed in the business of the Corporation;

     D.   all intangibles of whatever kind in which the Corporation now or
          hereafter has any interest including, without limitation, all security
          interests, goodwill, demands and choses in action, licenses and other
          contractual benefits or rights and all trade marks, trade mark
          registrations and pending trade mark applications, patents and
<PAGE>

                                      -3-

          pending patent applications and copyrights and industrial designs and
          other intellectual property now or hereafter owned by the Corporation;

     E.   all studies, plans, blueprints, designs, records, files, charts,
          drawings, specifications, manuals, bills of lading and other documents
          of title, whether negotiable or otherwise;

     F.   the proceeds of any insurance or expropriation payable or due in
          respect of any damage to or taking of all or any part of the Charged
          Premises (as hereinafter defined), the proceeds of any business
          interruption insurance and any property in any form derived directly
          or indirectly from any dealings with all or any part of the Charged
          Premises or that indemnifies or compensates for the loss, destruction
          or damage to all or any part of the Charged Premises;

     G.   all debts, accounts, claims, moneys and choses in action now owned or
          hereafter acquired, including, without limitation, all instruments,
          securities, chattel paper, bills, notes and other documents in respect
          of such debts, accounts, claims, moneys or choses in action;

     H.   all authorizations, orders, permits, approvals, grants, licences,
          consents, rights, franchises, privileges, certificates, judgments,
          writs, injunctions, awards, determinations, directions, decrees,
          demands or the like issued or granted by law or by rule or regulation
          of any office, board, agency or department, governmental or otherwise,
          now or hereafter issued or granted to it;

     I.   all documents, certificates, policies, agreements, invoices, letters
          and papers relating to the property described in Section 2.2(a)(A)-(H)
          inclusive or otherwise; and

     J.   substitutions and replacements of and increases, additions and, where
          applicable, accessions to the property described in Section 2.2(a)
          (A)-(I) inclusive and all proceeds thereof; and

     (b)  grants, mortgages and charges, as and by way of a floating charge, to
          and in favour of the Holder and otherwise grants to the Holder a
          security interest in, all of its undertakings, properties and assets,
          both present and future, of every nature and kind and wherever
          situate, except such of its undertakings, properties and assets as are
          validly subject to the fixed and specific mortgages, charges, pledges
          and security interests granted pursuant to paragraph 2.2(a).  The
          floating charge shall in no way hinder or prevent the Corporation,
          until the Security (as hereinafter defined) shall have become
          enforceable, from
<PAGE>

                                      -4-

          disposing of or dealing with the subject matter of the floating charge
          in the ordinary course of business and for purposes of carrying on the
          same; provided that such action is not in breach of any specific
          provision of, or covenant in, this debenture.

(In this debenture, the grants, mortgages, charges and security interests
constituted by this debenture are called the "Security" and the subject matter
of the Security is called the "Charged Premises").  The Security shall be
effective whether or not any monies or liabilities so secured shall be advanced
or incurred before or after or at the same time as this debenture is issued and
shall remain effective until such time as this debenture is discharged as
provided in Section 4.1 irrespective of whether, at any prior time, there may
have been no indebtedness, liabilities or obligations (direct, indirect,
absolute, contingent or otherwise) of the Corporation to the Holder outstanding.

Section 2.3  Corporation's Dealings with Charged Premises.

     The Corporation shall not, without the prior written agreement of the
Holder: (i) sell, transfer, assign, exchange, lease, release or abandon or
otherwise dispose of all or any part of the Charged Premises except for Charged
Premises consisting of inventory sold or leased at full value in the ordinary
course of its business and for the purpose of carrying on the same; or, (ii)
permit, create, assume, suffer or cause the registration of any debt, lien,
charge, mortgage, debenture, hypothec, pledge, security agreement, security
interest, or any other encumbrance or privilege whatsoever upon, against or with
respect to any or any part of the Charged Premises subsequent to the granting of
this debenture. Except with the prior written agreement of the Holder, any
proceeds of such sale or lease shall be held by the Corporation in trust for the
Holder and, at the request of the Holder, shall be paid immediately to the
Holder.

Section 2.4  Scope of Security.

(1)  To the extent that an assignment of amounts payable and other proceeds
     arising under or in connection with any agreement, licence, permit or quota
     of the Corporation (each, a "Restricted Asset") is prohibited by the terms
     thereof, the Security will constitute a trust created in favour of the
     Holder and certain financial institutions specified by the Holder pursuant
     to which the Holder shall hold as trustee all proceeds arising under or in
     connection with the Restricted Asset in trust for such specified financial
     institutions on the following basis:

          (i)  until the Security has become enforceable, the Corporation shall
               be entitled to receive all such proceeds; and
<PAGE>

                                      -5-

          (ii) whenever the Security has become enforceable, all rights of the
               Corporation to receive such proceeds shall cease, the Corporation
               shall at the request of the Holder take all such actions to
               collect and enforce payment and other rights arising under the
               Restricted Asset in accordance with the instructions of the
               Holder and all such proceeds arising under or in connection with
               the Restricted Asset shall be immediately paid over to the Holder
               for the benefit of such specified financial institutions.

The Corporation shall not exercise any rights of set off with respect to amounts
payable under or in connection with any Restricted Asset and shall use all
commercially reasonable efforts to ensure that no other party to the Restricted
Asset shall exercise any rights of set off against any amounts payable
thereunder.  The Corporation shall use all commercially reasonable efforts to
obtain the consent of each other party to the Restricted Asset to the assignment
of the Restricted Asset to the Holder in accordance with this debenture and
shall use all commercially reasonable efforts to ensure that all agreements
entered into on and after the date hereof expressly permit assignments of the
benefits of such agreement as collateral security to the Holder in accordance
with the terms of this debenture.

(2)  Until the Security has become enforceable, the grant of the Security in the
     intellectual property hereunder shall not affect in any way the
     Corporation's rights to commercially exploit such intellectual property,
     defend it, enforce the Corporation's rights in it or with respect to it
     against third parties in any court or claim and be entitled to receive any
     damages with respect to any infringement of it.

(3)  The Security shall not extend to consumer goods.

(4)  The Security shall not extend or apply to the last day of the term of any
     lease or sublease or any agreement for a lease or sublease, now held or
     hereafter acquired by the Holder in respect of real property, but the
     Holder shall stand possessed of any such last day upon trust to assign and
     dispose of it as the Holder may reasonably direct.

(5)  To the extent that the creation of the Security will constitute a breach
     under any real property lease or sub-lease (each a "Restricted Lease"), the
     Security will not attach to the Restricted Lease but the Obligor shall hold
     its interest in the Restricted Lease in trust for the Holder and shall,
     upon the request therefor from the Holder, (i) obtain the consent of the
     other party thereto; and (ii) assign such Restricted Lease to the Holder,
     or as it may direct, immediately upon obtaining the consent of the other
     party.  The Corporation shall use all commercially reasonable efforts to
     ensure that all real property
<PAGE>

                                      -6-

     leases, sub-leases and other agreements entered into on and after the date
     hereof expressly permit the creation of Security in the interests of the
     Corporation therein and assignments of the benefits of such agreements as
     collateral security to the Holder in each case in accordance with the terms
     of this debenture.

Section 2.5  Protective Disbursements.

     If the Corporation fails to perform any of its covenants in this debenture
or otherwise, then the Holder may, in its absolute discretion, perform any
covenant capable of being performed by it and, if the covenant requires the
payment or expenditure of money, the Holder may make the payment but shall be
under no obligation to do so. All sums so paid or expended by the Holder shall
be immediately payable by the Corporation, shall bear interest at the rate set
forth in this debenture and shall be secured by this debenture, having the
benefit of the Security in priority to the indebtedness evidenced by this
debenture. No such performance or payment shall relieve the Corporation from any
default under this debenture or the consequences of such default.

Section 2.6  Attachment.

(1)  With respect to the personal property hereby secured, the Corporation and
     the Holder hereby acknowledge that (i) value has been given; (ii) the
     Corporation has rights in the Charged Premises (other than after-acquired
     Charged Premises); (iii) except as contemplated by Section 2.4, they have
     not agreed to postpone the time of attachment of the Security; and (iv) the
     Corporation has received a copy of this debenture.

(2)  The Corporation agrees to promptly inform the Holder in writing of the
     acquisition by the Corporation of any Charged Premises which is not
     adequately described herein, and the Corporation agrees to execute and
     deliver at its own expense from time to time amendments to this debenture
     or the schedules hereto or additional security or schedules as may be
     required by the Holder in order that the Security shall attach to any
     Charged Premises.  The Corporation shall promptly inform the Holder in
     writing of any other location at which the Charged Premises may in future
     be located.

                                   ARTICLE 3
                                  ENFORCEMENT

Section 3.1  Enforcement.

     If the Corporation fails to repay the principal amount, interest and other
amounts owing under this debenture on demand or otherwise when the same shall
become due and payable or if the Corporation fails to perform any other
agreement
<PAGE>

                                      -7-

or covenant it has given to the Holder, the Security shall become enforceable
against the Corporation.

Section 3.2  Remedies.

     Whenever the Security has become enforceable, the Holder may realize upon
the Charged Premises and enforce its rights by:

     (a)  entry into possession of the Charged Premises;

     (b)  proceedings in any court of competent jurisdiction for the appointment
          of a receiver (which term as used in this debenture includes a
          receiver and manager) of all or any part of the Charged Premises;

     (c)  proceedings in any court of competent jurisdiction for sale or
          foreclosure of all or any part of the Charged Premises;

     (d)  filing of proofs of claim and other documents to establish its claims
          to the Charged Premises in any proceeding relating to the Corporation;

     (e)  the appointment by instrument in writing of a receiver of all or any
          part of the Charged Premises and removal or replacement from time to
          time of any such receiver;

     (f)  the sale or lease of all or any part of the Charged Premises; and

     (g)  any other remedy or proceeding authorized or permitted in this
          debenture or otherwise by law or equity.

     Such remedies may be exercised from time to time separately or in
combination and are in addition to, and not in substitution for, any other
rights of the Holder however created. The Holder shall not be bound to exercise
any right or remedy and the exercise of any right or remedy shall be without
prejudice to any other rights of the Holder including the right to claim for
deficiency. The taking of any action or proceeding or refraining from so doing,
or any other dealings with any other security for the monies secured by this
debenture shall not release or affect the security.

Section 3.3  Additional Rights.

     In addition to the rights of the Holder set forth in Section 3.2, the
Holder may, whenever the Security has become enforceable:

     (a)  require the Corporation, at the Corporation's expense, to assemble the
          Charged Premises at a place or places designated by notice in writing
          and the Corporation agrees to so assemble the Charged Premises;
<PAGE>

                                      -8-

     (b)  require the Corporation, by notice in writing, to disclose to the
          Holder the location or locations of the Charged Premises and the
          Corporation agrees to make such disclosure when so required by the
          Holder;

     (c)  repair, process, modify, complete or otherwise deal with the Charged
          Premises, and prepare for the disposition of the Charged Premises,
          whether on the premises of the Corporation or otherwise;

     (d)  carry on all or any part of the business of the Corporation and, to
          the exclusion of all others including the Corporation, enter upon,
          occupy and use all or any of the premises, buildings and other
          property of or used by the Corporation for such time as the Holder
          sees fit, free of charge, and the Holder shall not be liable to the
          Corporation for any act, omission or negligence in so doing or for any
          rent, charges, depreciation or damages incurred in that connection;

     (e)  borrow for the purpose of carrying on the business of the Corporation
          or for the maintenance, preservation or protection of the Charged
          Premises and mortgage, charge or grant a security interest in the
          Charged Premises, whether or not in priority to the Security, to
          secure repayment; and

     (f)  demand, commence, continue or defend any judicial or administrative
          proceedings for the purpose of protecting, seizing, collecting,
          realizing or obtaining possession or payment of the Charged Premises,
          and give good and valid receipts and discharges and compromise or give
          time for the payment or performance of all or any part of the accounts
          or any other obligation of any third party to the Corporation.

Section 3.4  Receiver's Powers.

(1)  Any receiver appointed by the Holder shall be vested with the rights and
     remedies which could have been exercised by the Holder in respect of the
     Corporation or the Charged Premises and such other powers and discretions
     as are granted in the instrument of appointment and any supplemental
     instruments.  The identity of the receiver, any replacement and any
     remuneration shall be within the sole and unfettered discretion of the
     Holder.

(2)  Any receiver appointed by the Holder shall act as agent for the Holder for
     the purposes of taking possession of the Charged Premises, but otherwise
     and for all other purposes (except as provided below), as agent for the
     Corporation.  The receiver may sell, lease, or otherwise dispose of Charged
     Premises as agent for the Corporation or as agent for the Holder as the
     Holder may determine in its discretion.  The Corporation agrees to ratify
     and confirm all
<PAGE>

                                      -9-

     actions of the receiver acting as agent for the Corporation, and to release
     and indemnify the receiver in respect of all such actions.

(3)  The Holder, in appointing or refraining from appointing any receiver, shall
     not incur liability to the receiver, the Corporation or otherwise and shall
     not be responsible for any misconduct or negligence of such receiver.

(4)  All moneys from time to time received by the receiver may be applied as
     follows (i) first, in discharge of all operating expenses and other
     outgoings affecting the Charged Premises, (ii) second, in keeping in good
     standing all charges and liens on the Charged Premises having priority over
     the Security, (iii) third, in payment of the remuneration and disbursements
     of the receiver, (iv) fourth, in payment to the Holder of the moneys
     payable hereunder, and (v) the balance, if any, shall be paid to the
     Corporation or as a court of competent jurisdiction may otherwise direct.

Section 3.5  Dealing with the Charged Premises.

(1)  The Holder shall not be obliged to exhaust its recourse against the
     Corporation or any other person or against any other security it may hold
     in respect of the principal amount, interest and other amounts owing under
     this debenture before realizing upon or otherwise dealing with the Charged
     Premises in such manner as it may consider desirable.

(2)  The Holder may grant extensions or other indulgences, take and give up
     securities, accept compositions, grant releases and discharges and
     otherwise deal with the Corporation and with other persons, sureties or
     securities as it may see fit without prejudice to the obligations and
     liability of the Corporation or the rights of the Holder in respect of the
     Charged Premises.

(3)  The Holder shall not be (i) liable or accountable for any failure to
     collect, realize or obtain payment in respect of the Charged Premises, (ii)
     bound to institute proceedings for the purpose of collecting, enforcing,
     realizing or obtaining payment of the Charged Premises or for the purpose
     of preserving any rights of any persons in respect of the Charged Premises,
     (iii) responsible for any loss occasioned by any sale or other dealing with
     the Charged Premises or by the retention of or failure to sell or otherwise
     deal with the Charged Premises, or (iv) bound to protect the Charged
     Premises from depreciating in value or becoming worthless.

(4)  The Holder shall have no obligation to keep identifiable Charged Premises
     in its possession consisting of tangible personal property.

(5)  The Corporation hereby expressly authorizes and directs the Holder,
     whenever the Security has become enforceable, to collect, demand, sue for,
<PAGE>

                                      -10-

     enforce, adjust, settle, recover and receive all of the debts and moneys
     comprising the Charged Premises, in the name of the Corporation or in the
     Holder's own name, and to give valid and binding receipts and discharges
     therefor and in respect thereof, the whole to the same extent and with the
     same effect as if the Holder were the absolute owner thereof and without
     regard to the state of accounts between the Corporation and the Holder.
     The Holder shall only be accountable for proceeds when the same are
     actually received in cash, notwithstanding that the Holder may have
     transferred title to or possession of the debts or moneys comprising the
     Charged Premises or any part thereof and may have taken back a debt
     instrument, security or other obligation therefor.  The Holder may, both
     before and after the Security shall have become enforceable, (i) notify any
     person obligated on an account or on chattel paper or any obligor on an
     instrument to make payment thereunder to the Holder whether or not the
     Corporation was theretofore making collections thereon; and (ii) assume
     control of any proceeds arising from the Charged Premises.

Section 3.6  Standards of Sale.

     Without prejudice to the ability of the Holder to dispose of the Charged
Premises in any manner which is commercially reasonable, the Corporation
acknowledges that:

     (a)  Charged Premises may be disposed of in whole or in part;

     (b)  Charged Premises may be disposed of by public auction, public tender
          or private contract, with or without advertising and without any other
          formality;

     (c)  any assignee of the Charged Premises may be a customer of the Holder;

     (d)  a disposition of Charged Premises may be on such terms and conditions
          as to credit or otherwise as the Holder, in its sole discretion, may
          deem advantageous;

     (e)  the Holder may establish an upset or reserve bid or price in respect
          of Charged Premises;

     (f)  the Holder, jointly or severally, may become a purchaser at any sale
          of the Charged Premises whether made under the power of sale herein
          contained or pursuant to foreclosure or other judicial proceedings;
          and
<PAGE>

                                      -11-

     (g)  the Holder may rescind or vary any contract of sale that may have been
          entered into and re-sell with or under any of the powers conferred
          herein or adjourn any such sale from time to time.

Section 3.7  Dealings by Third Parties.

(1)  No person dealing with the Holder or its agent or a receiver shall be
     required to determine (i) whether the Security has become enforceable, (ii)
     whether the powers which the Holder or its agent or a receiver is
     purporting to exercise have become exercisable, (iii) whether any money
     remains due upon the Security, (iv) the necessity or expediency of the
     stipulations and conditions subject to which any sale or lease is made, (v)
     the propriety or regularity of any sale or any other dealing by the Holder
     or its agent or a receiver with the Charged Premises, or (vi) how any money
     paid to the Holder has been applied.

(2)  Any purchaser of all or any part of the Charged Premises shall hold the
     Charged Premises absolutely, free from any claim or right of whatever kind,
     including any equity of redemption, of the Corporation, which it
     specifically waives (to the fullest extent permitted by law) as against any
     such purchaser and all rights of redemption, stay or appraisal which the
     Corporation has or may have under any rule of law now existing or hereafter
     adopted.

Section 3.8  No Right of Set-Off.

     The principal, interest and other monies and liabilities secured by this
debenture shall be paid when due by the Corporation without regard to any
equities existing between the Corporation and any other party including, without
limitation, the Holder and without regard to any right of set-off or cross-claim
or of any other claim or demand of the Corporation against the Holder or
otherwise.

Section 3.9  No Merger or Novation.

     Neither the taking of any judgment nor the exercise of any power of seizure
or sale shall operate to extinguish the liability of the Corporation to pay the
monies secured, nor shall the same operate as a merger of any covenant or affect
the right of the Holder to interest at the specified rate, nor shall the
acceptance of any payment or other security constitute or create any novation,
and it is further agreed that the taking of a judgment under any covenant shall
not operate as a merger of such covenant in the judgment or affect the Holder's
right to interest.

Section 3.10 Presentation of Debenture.

     So long as Fleet National Bank is the Holder of this debenture, the
Corporation, to the fullest extent permitted by law, hereby waives presentation
of this debenture for, and surrender of this debenture against, payment.  In any
other case, the Holder of this debenture shall be required to present and
surrender this
<PAGE>

                                      -12-

debenture against payment at such place designated by the Holder in writing to
the Corporation.

Section 3.11  Appointment of Attorney.

     The Corporation hereby irrevocably appoints the Holder (and any officer
thereof) as attorney of the Corporation (with full power of substitution) to
exercise in the name of and on behalf of the Corporation any of the
Corporation's right (including the right of disposal), title and interest in and
to the Charged Premises including, without limitation, the execution,
endorsement and delivery of any agreements, documents, instruments, absolute
assignments, securities, documents of title and chattel paper and any notices,
receipts, assignments or verifications of the accounts and the Holder and its
nominees or transferees are hereby empowered to exercise all rights and powers
and to perform all acts of ownership with respect to the Charged Premises to the
same extent as the Corporation might do.  All acts of any such attorney are
hereby ratified and approved, and such attorney shall not be liable for any act,
failure to act or any other matter or thing in connection therewith, except for
its own gross negligence or wilful misconduct.  This appointment and power of
substitution, being coupled with an interest, are irrevocable and shall not
terminate upon the bankruptcy, dissolution, winding up or insolvency of the
Corporation.

                                   ARTICLE 4
                                    GENERAL

Section 4.1   Discharge.

     The Holder is the person entitled to receive the money payable under this
debenture and to give a discharge of this debenture.  The Security shall be
discharged upon, but only upon, full payment of all moneys secured and
performance of all obligations of the Corporation to the Holder.  Upon discharge
of the Security and at the request and expense of the Corporation, the Holder
shall execute and deliver to the Corporation such releases, discharges,
financing statements and other documents or instruments as the Corporation may
reasonably require.

Section 4.2   Reimbursement of Holder's Expenses.

     The Corporation shall pay to the Holder immediately on demand all costs,
charges and expenses incurred by the Holder in connection with the preparation,
issuance and enforcement of this debenture, the preservation and protection of
the Charged Premises, the preservation and enforcement of the Security or the
realization of this debenture or the Charged Premises, including, without
limitation, all legal fees, court costs, receiver's or agent's remuneration and
other expenses incurred in connection with the recovery or enforcement of
payment of any moneys
<PAGE>

                                      -13-

owing hereunder whether by realization or otherwise and expenses of taking
possession of, repairing, protecting, insuring, preparing for disposition,
realizing, collecting, selling, transferring, delivering or obtaining payment of
Charged Premises. All such sums, together with interest at the rate set forth in
this debenture until paid, shall be added to the indebtedness secured by this
debenture and shall also be secured, together with all other indebtedness, by
this debenture.

Section 4.3  Waiver of Covenants.

     The Holder may waive any breach by the Corporation of any of the provisions
of this debenture or any failure by the Corporation in the observance or
performance of any covenant or condition required to be observed or performed by
the Corporation, grant extensions of time or other indulgences to, accept
compositions from, or grant releases and discharges to, the Corporation in
respect of the Charged Premises or otherwise deal with the Corporation and with
the Charged Premises and other security held by the Holder, all as the Holder
may see fit; provided that no such waiver or act by the Holder shall be binding
on the Holder or shall extend to or be taken in any manner to affect any
subsequent breach or failure or the rights resulting from such breach or
failure.

Section 4.4  Further Assurances.

     The Corporation shall from time to time, whether before or after the
Security shall have become enforceable, do all such acts and things and execute
and deliver all such deeds, transfers, assignments and instruments as the Holder
may reasonably require for (i) protecting the Charged Premises, (ii) perfecting
the Security, and (iii) exercising all powers, authorities and discretions
conferred upon the Holder. The Corporation shall, from time to time after the
Security has become enforceable, do all such acts and things and execute and
deliver all such deeds, transfers, assignments and instruments as the Holder may
require for facilitating the sale of the Charged Premises in connection with its
realization.

Section 4.5  Successors and Assigns.

     This debenture shall be binding upon the Corporation, its successors and
assigns, and shall enure to the benefit of the Holder and its successors and
assigns.  The Corporation may not assign, transfer or delegate any of its rights
or obligations under this debenture without the prior written consent of the
Holder.

Section 4.6  Notices, etc.

     All notices, requests and demands to or upon the respective parties hereto
shall be in writing (including by telecopy), and unless otherwise expressly
provided herein, shall be deemed to have been duly given or made when delivered,
or three business days after being deposited in the mail, postage prepaid, or,
in the case of telecopy notice, when received, addressed as follows:
<PAGE>

                                      -14-

     (a)  to the Corporation at:

          Weigh-Tronix Canada, ULC
          c/o Weigh-Tronix, LLC
          293 S. Main Street
          Providence, Rhode Island 02903

          Attention:     Don MacKenzie
                         Chief Financial Officer

          Telephone:     (401) 272-4402
          Facsimile:     (401) 751-8829

     (b)  to Fleet National Bank as long as it is the Holder of this debenture,
          at:

          Fleet National Bank
          100 Federal Street
          Boston, MA 02110
          USA

          Attention:     Connie Moore

          Telephone:     (617) 434-9383
          Facsimile:     (617) 434-4929

provided that any notice, request or demand to or upon the Collateral Agent or
any secured creditor shall not be effective until received.

Section 4.7  Gender and Number.

     Any reference in this debenture to gender shall include all genders and
words importing the singular number only shall include the plural and vice
versa.

Section 4.8  Headings, etc.

     The division of this debenture into articles, sections and subsections and
the insertion of headings are for convenient reference only and are not to
affect its interpretation.

Section 4.9  Severability.

     If any provision of this debenture shall be deemed by any court of
competent jurisdiction to be invalid or void, the remaining provisions shall
remain in full force and effect.
<PAGE>

                                      -15-

Section 4.10  Governing Law.

     This debenture shall be governed by and interpreted and enforced in
accordance with the laws of the Province of Ontario and the federal laws of
Canada applicable therein.

     IN WITNESS WHEREOF the Corporation has caused this debenture to be executed
by its duly authorized officer as of the date first above written.

                                            WEIGH-TRONIX CANADA, ULC
                                            Per:

                                            /s/ Weigh-Tronix Canada, ULC
                                            --------------------------------
                                               Authorized Signing Officer

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