Document:

BANK
              OF
              SCOTLAND	 	 
	 	 	
              CORPORATE

            	 	CASHFLOW
	 	 	 	 	FINANCE
	 	 	 	 	 
	 	 	 	 	250 West George
              Street
	 	 	 	 	Glasgow
	 	 	 	 	G2 7BP
	 	 	 	 	 
	 	 	 	 	Telephone 0141 207
              1122
	 	 	 	 	Facsimile 0141 207
              1181

    

     

    PRIVATE
      & CONFIDENTIAL

    The
      Directors

    Zoo
      Digital Publishing Limited

    Arundel
      Court

    177
      Arundel Street

    Sheffield

    S1
      2NU

     

    7th
      January
      2008

     

    Dear
      Sirs

     

    Re: Your
      current Cashflow Finance Agreement

     

    We
      write
      to confirm the terms and conditions of the above Agreement are amended as
      follows. Please sign and date the enclosed copy of this letter and return for
      the attention of Legal & Recoveries at the address detailed above. The
      amendments will become effective upon receipt of the signed and dated
      letter.

     

    3 Financial
      and Other Particulars

     

    "Initial
      Payment" is 65 per cent of the Gross Book Value of each Debt; 

     

    "Credit
      Note Limit" is 10 per cent of the rolling annual assigned turnover;

     

    Arrangement
      Fee of £4000.00 has been applied today

     

    Yours
      faithfully

     

    
      	
              
              

              

            
	
              Authorised
                Signatory

              For
                and on behalf of

              BANK
                OF SCOTLAND plc

              Authorised
                and Regulated by the Financial Services
                AuthorityBANK
              OF
              SCOTLAND	 	

              Account
                Services

            
	 	 	
              CORPORATE

            	 	
              2nd
                Floor, Citymark

            
	 	 	 	 	
              150
                Fountainbridge

            
	 	 	 	 	
              Edinburgh

            
	 	 	 	 	
              EH3
                9PE

            
	 	 	 	 	 
	 	 	 	 	
              Contact:
                Adam Barraclough

            
	PRIVATE
              &
              CONFIDENTIAL
              	 	 
	For
              the attention of: Mr Ian Stewart	 	
              Direct
                Dial Telephone: 0114 260 9108

            
	Zoo
              Digital Publishing Limited	 	
              Fax
                Number: 0114 347 6494

            
	(Company
              Number 05701472)	 	
              Email:
                Adam_Barraclough@bankofscotland.co.uk

            
	Arundel
              Court	 	 
	177
              Arundel Street	 	
              Please
                quote Ref: 0883/6047901/DPT2/CEM/8989/007

            
	Sheffield	 	 
	S1
              2NU	 	
              08
                January 2008

            

    

    

       

      Bank
        of
        Scotland plc ("BoS") are pleased to offer the above named company ("the
        Borrower") a Committed Overdraft on the terms and conditions set out below
        and
        in the accompanying "BoS
        Standard Terms and Conditions".

       

      The
        "BoS
        Standard Terms and Conditions" cover
        technical arrangements for matters such as "EMU Compliance"
        and "Taxes", or give a statement of BoS's standard position, for example
        on
        "Defaults", "Notices",
        "Set-off' or "Indemnity".

       

      Because
        BoS may hold personal information about the Borrower's officers or employees,
        BoS refers the Borrower
        and its accepting signatories to the Data Protection Act Notice as shown
        above
        the signature section.

       

      Confirming
        the Borrower's identity - when
        the
        Borrower opens an account BoS may ask for additional information
        to confirm its identity or that of its agents. BoS, in common with other
        financial services providers,
        has account opening procedures which reflect current legal and regulatory
        requirements (and best practice industry guidance) aimed at preventing money
        laundering and terrorist financing. In the event that these requirements
        are not
        satisfied but, nevertheless, money is paid into the Borrower's account, BoS
        may
        suspend operations on the account until identity is established. This is
        for
        both the Borrower's protection as well as BoS's.

       

      Any
        queries about this offer should be referred to the Borrower's relationship
        manager.

       

      To
        accept this offer please sign and return the duplicate copy within twenty-one
        days of the above date.

       

       

      
        	 	
                Bank
                  Of Scotland plc. Registered in 

                Scotland
                  No. SC327000. Registered 

                Office:
                  The Mound, Edinburgh EH1 IYZ

              
	 	 
	 	
                Authorised
                  and Regulated by the 

                Financial
                  Services Authority.

              

      

       

      
        
           

        

        
          Page
            1 of 8

          
            

          

        

        
           

        

         

      

      
        	
                1.

              	
                THE
                  COMMITTED OVERDRAFT

              

      

       

      
        	
              	1.1.	
                Limit

              

      

       

      
        	 	
                1.1.1.

              	
                The
                  Committed Overdraft limit is £700,000, until 17 June 2009. The Borrower
                  must at all times provide sufficient funds to keep within that
                  limit.

              

      

       

      
        	 	
                1.1.2.

              	
                BoS
                  may at any time agree with the Borrower to increase the limit which
                  applies to the Committed
                  Overdraft. If BoS agrees an increase with the Borrower the limit
                  will
                  automatically increase to the amount agreed by BoS on the date
                  of that
                  agreement.

              

      

       

      
        	
              	1.2.	
                Interest

              

      

       

      The
        Borrower will pay interest on the Committed Overdraft at the annual rate
        of 3%
over
        the
        BoS base rate as that rate fluctuates.

       

      The
        Borrower's interest obligation to BoS will be calculated daily on the cleared
        account balance from
        the
        date of account opening.

       

      BoS
        will
        give the Borrower 14 days notice of the date and amount of each
        interest
        application.

       

      Interest
        will be debited to the Borrower's current account monthly from the first
        interest application date.

       

      If
        a
        monthly date, falls on a non-Business Day then the application date on that
        occasion will be the preceding Business Day.

       

      Any
        debit
        balance over the limit and, where the overdraft has ceased to be available,
        the
        total debit balance
        of the Committed Overdraft, will attract interest at the annual rate of 3%
        over
        the rate of interest
        payable on the Committed Overdraft.

       

      
        	
              	1.3.	
                Utilisation
                  

              

      

       

      
        	
              	1.3.1.	
                The
                  Borrower may only use the Committed Overdraft for general working
                  capital
                  purposes

              

      

       

      
        	
              	1.3.2.	
                The
                  Committed Overdraft may be used for cash withdrawals or
                  payments.

              

      

       

      
        	
              	1.3.3.	
                The
                  Borrower may use the Committed Overdraft provided
                  that:

              

      

       

      
        	 	
                a)

              	
                the
                  first utilisation is within 90 days of the date of this
                  letter;

              

      

       

      
        	 	
                b)

              	
                BoS
                  is satisfied that the Borrower's use of the Committed Overdraft
                  would not
                  put BoS in breach of the law or of any regulatory undertaking or
                  provision
                  or voluntary code of practice which it is obliged or accustomed
                  to
                  observe; and

              

      

       

      
        	 	
                c)

              	
                BoS
                  holds, in a form and content satisfactory to it, all of the documents
                  and
                  evidence listed in
                  section 2; and

              

      

       

      
        	 	
                d)

              	
                none
                  of the events listed in clause 2 of the "BoS
                  Standard Terms and Conditions" has
                  occurred
                  or would result from utilisation.

              

      

       

      
        
           

        

        
          Page
            2 of 8

          
            

          

        

        
           

        

      

       

      
        	
              	
                1.3.4.

              	
                BoS
                  will review the Committed Overdraft on 17 June 2009. On each review
                  date,
                  the Committed
                  Overdraft will be repaid in full unless BoS has agreed to renew
                  it.

              

      

       

      
        	
              	
                1.3.5.

              	
                The
                  Committed Overdraft will only become repayable before a review
                  date if one
                  of the events
                  listed in clause 2 of the "BoS
                  Standard Terms and Conditions" occurs.

              

      

       

      
        	
              	
                1.3.6.

              	
                If
                  the Committed Overdraft is not to be renewed at a review date then
                  BoS
                  will notify the Borrower
                  on or before that date.

              

      

       

      
        	
              	
                1.3.7.

              	
                if
                  any part of the Committed Overdraft is used for the purchase of
                  an asset
                  or property, the net
                  proceeds of any future sale will be paid to BoS in permanent reduction
                  or
                  repayment of the
                  Committed Overdraft and the limit will be reduced
                  accordingly.

              

      

       

      
        	
              	
                1.3.8.

              	
                Unless
                  BoS agrees otherwise with the Borrower, in writing, this Committed
                  Overdraft replaces
                  any overdraft or Committed Overdraft Facilities previously made
                  available
                  to the Borrower by BoS.

              

      

       

      
        	
              	1.4.	
                Cancellation

              

      

       

      The
        Borrower may cancel all or any part of the unutilised portion of the Committed
        Overdraft provided
        that it has given BoS at least 2 Business Days' notice in writing of its
        intention to cancel and the
        amount of the Committed Overdraft it intends to cancel. The Committed Overdraft
        and the limit will
        then
        be reduced by that amount on the expiry of the notice period.

       

      
        	
              	1.5.	
                Fees
                  and Expenses

              

      

       

      In
        consideration of these Facilities the Borrower will pay to BoS:

       

      
        	
              	
                1.5.1.

              	
                an
                  arrangement fee of £6,500, 21 days after the date of this offer if it is
                  accepted by the Borrower
                  (BoS may at its discretion agree to the Borrower's late acceptance,
                  in
                  which case the arrangement fee will be due on
                  acceptance);
                  and

              

      

       

      
        	
              	
                1.5.2

              	
                a
                  non-utilisation fee at the annual rate of 1.00% calculated daily
                  from the
                  Borrower’s acceptance of this offer on the undrawn amount of the Overdraft
                  facility payable on the last Business Day quarterly in arrears;
                  and

              

      

       

      
        	
              	
                1.5.3.

              	
                on
                  BoS's demand and on a full indemnity basis all reasonable fees,
                  costs and
                  expenses or tax
                  incurred by BoS in connection with this letter or any security
                  for the
                  Committed Overdraft;
                  and

              

      

       

      
        	
              	
                1.5.4.

              	
                BoS's
                  usual administration fees for the preparation or instruction, by
                  BoS, of
                  any item of security
                  required under section 2.

              

      

       

      Unless
        otherwise agreed, fees will be debited to the Borrower's servicing account
        when
        due.

      

      
        
           

        

        
          Page
            3 of 8

          
            

          

        

        
           

        

      

      
        	2.	
                CONDITIONS
                  OF USE

              

      

       

      The
        following is a list of what BoS must have before the Facilities can be used
        or
        maintained. It may include security or documents already held.

       

      
        	
              	2.1.	
                Security

              

      

       

      
        	
              	2.1.1.	
                A
                  debenture from the Borrower in BoS's usual
                  style.

              

      

       

      
        	
              	2.1.2.	
                Letters
                  of postponement on terms satisfactory to
                  BoS.

              

      

       

      
        	
              	2.1.3.	
                A
                  guarantee of the Borrower's obligations to BoS in BoS's usual
                  style:

              

      

      
        	 	 	 

        	
              	·	
                by
                  Ian Stewart;

              

      

      
        	
              	·	
                for
                  £250,000;

              

      

       

      With
        confirmation, where appropriate, that all necessary legal advice and opinions
        have been
        taken.

       

      
        	
              	2.2.	
                Professional
                  Reports

              

      

       

      In
        relation to the Borrower's assets or undertakings:

       

      whatever
        due diligence reports BoS may reasonably require.

       

      all
        prepared by a professional acceptable to BoS in terms BoS finds
        satisfactory.

       

      
        	
              	2.3.	
                Account
                  Mandate

              

      

       

      An
        up to
        date account mandate and confirmation that an account (or accounts) satisfactory
        to BoS is (are) open and available upon which the Committed Overdraft can
        be
        drawn.

       

      
        	3.	
                FINANCIAL
                  UNDERTAKINGS

              

      

       

      The
        Borrower will ensure that:

       

      
        	
              	3.1.	
                Debtor
                  Cover

              

      

       

      The
        ratio
        of the EBIT to Total Interest will not be less than:

       

      
        5:1during
          the period from the date of drawdown to the expiry of the
          overdraft;

      

       

      which
        will be tested quarterly against your management accounts and annually against
        audited accounts.

       

      EBIT
        is
        for any specified period, the Borrower’s trading profit before
        deduction of interest and taxation but after the deduction of extraordinary
        and
        exceptional items. 

       

      Total
        Interest is
        the aggregate amount of interest, commission and other recurrent financial
        expenses attributable to the Borrower’s total borrowings charged, accrued or
        capitalized for any specified period.

       

      
        
           

        

        
          Page
            4 of 8

          
            

          

        

        
           

        

      

       

      
        	
              	3.2	
                Net
                  Worth

              

      

       

      Net
        worth
        to increase by a minimum of £500,000
        per annum;

       

      Which
        will be tested annually against your audited accounts.

       

      Net
        worth
        is
        the aggregate of the amount paid upon the Borrower’s issued share capital and
        the amount standing to the credit of the Borrower’s capital and revenue reserves
        (including any share premium account or capital redemption reserve but excluding
        any revaluation reserve, goodwill and/or intangible assets), plus or minus
        the
        amount standing to the credit or debit (as the case may be) of the Borrower’s
        profit and loss account MINUS Subordinated Directors Loans;

       

      Subordinated
        Directors Loans
        mean
        the aggregate amount of any loans provided by the company directors are fully
        subordinated with regard to interest, repayment and enforcement rights and
        are
        fully governed and controlled by way of legal postponement
        documentation.

       

      
        	
              	3.2.	
                Financial
                  Information

              

      

       

      During
        the period of the Facilities the Borrower will give BoS the
        following:

       

      
        	 	
                3.2.1.

              	
                the
                  Borrower's audited or final accounts (which must be prepared on
                  a
                  consolidated basis in the
                  case of a Group), within 9 months after the end of each of its
                  financial
                  years;

              

      

       

      
        	 	
                3.2.2.

              	
                the
                  Borrower's management accounts (which must be prepared on a consolidated
                  basis in the
                  case of a Group) within 30 days after the end of each month in
                  each of its
                  financial years;

              

      

       

      
        	 	
                3.2.3.

              	
                details
                  of any borrowings the Borrower has (or any Group Company has) with
                  any
                  third party from time to time as soon as that information is
                  available;

              

      

       

      and
        such
        further financial information as BoS may from time to time reasonably
        require.

       

      
        
           

        

        
          Page
            5 of 8

          
            

          

        

        
           

        

      

       

      
        	4.	
                GOVERNING
                  LAW

              

      

       

      This
        letter and the Standard Terms and Conditions enclosed with it will be governed
        by and construed
        according to English law unless the Borrower's registered office is in Scotland
        in which case they will be governed by Scottish law and the Borrower submits
        to
        the courts of that jurisdiction.

       

      
        	
                Data
                  Protection Notice

                To
                  see how we use your information and how to give your consent, please
                  read
                  the Data Protection section on
                  our Group website http://www.bankofscotland.co.uk/dataprotection
                  or
                  ask for a printed copy.

                 

                We
                  will use your information to contact you by mail, telephone, E-mail,
                  SMS
                  or otherwise about other products and services that may be of interest
                  to
                  you. If you do not wish to receive this information please visit
                  htto://www.bankofscotland.co.uk/dataprotection
                  for
                  details on how to opt out of this service.

                 

                We
                  will search credit reference and fraud prevention agencies to check
                  your
                  identity, credit status and help us make decisions. For this application,
                  we will assess you on your own (except where there is another party
                  to
                  this application). By signing/submitting the application, you declare
                  that
                  your financial associate's finances will
                  not affect our decision. We check your declaration and may decline
                  the
                  application if it is inaccurate.

                 

                If
                  false or inaccurate information is provided and fraud is identified,
                  details will be passed to fraud prevention agencies to prevent
                  fraud and
                  money laundering. Further details explaining how information held
                  by the
                  fraud prevention agencies may be used can be obtained on our Group
                  website
                  http://www.bankofscotland.co.uk/dataprotection
                  or
                  by writing to: Bank of Scotland, PO Box 23588, Level 1 Citymark,
                  150
                  Fountainbridge, Edinburgh, EH3 9PE.

                 

                By
                  signing/submitting this form you agree that we can use your information
                  in
                  the ways described.

              

      

       

      IMPORTANT
        NOTICE: As with any legally binding agreement, BoS recommends that the Borrower
        consults
        a solicitor or other independent legal adviser before accepting this
        letter.

       

      Signed
        by:

      

      

      .........................................

      

      For
        and
        on behalf of BANK
        OF SCOTLAND PLC

      

      Agreed
        and accepted on behalf of ZOO
        DIGITAL PUBLISHING LIMITED

      

      

      By:.../s/Ian
        Stewart    

      Director     

       

      

      Barry
        Hatch.................(print
        name) /s/
        Barry
        Hatch 

      

      Date:......12/07/08...........................

       

      
        
           

        

        
          Page
            6 of 8

          
            

          

        

        
           

           

          BoS
            Standard Terms and
            Condition

           

          
            1.Genera!
              Undertakings

          

          unless
            BoS otherwise agrees, the Borrower will (and will ensure that any other
            Group
            Company will):

          
            (a)not
              give or leave in place any guarantee or security in favour of any third
              party;

          

          
            (b)not
              sell, lease or dispose of any of its business or assets other than
              in the
              ordinary course of
              business;

          

          
            (c)comply
              with all laws (including those relating to the environment) and will
              have and
maintain
              all necessary licences and authorisations;

          

          
            (d)where
              any
              part of the Facilities are used to fund the development of property(ies),
              ensure
              that the development of the property(ies) is carried out and completed
              in
              accordance with the financial appraisal and development programme approved
              by
              BoS and the Borrower will not amend that financial appraisal and development
              programme.

          

          
            2.Default

          

          2.1
            Unless the Facilities are repayable on demand, each of the following
            events will
            be an event of default:

          (a)
            the
            Borrower or any other Group Company fails to pay any sum due to BoS or
            any other
member
            of
            the Bank of Scotland Group on its due date;

          
            (b) any
              conditions or financial undertakings set out in the Facility Letter
              are
              breached;

            (c) the
              Borrower or any other Group Company fails to comply with any other
              undertaking
              or obligation
              given or owed by it to BoS or any other member of the Bank of Scotland
              Group;

            (d)
              any
              borrowing of the Borrower or arty other Group company is not paid when
              due or
              within any
              original stated period of grace or any creditor becomes entitled to
              declare that
              any borrowing
              is due and payable;

            (e) the
              Borrower or any other Group Company ceases or threatens to cease to
              carry on its
business
              or a significant part of it or suspends or threatens to suspend payment
              of its
debts
              or
              is unable or is deemed to be unable to pay its debts within the Meaning
              of
Section
              123 (1) of the Insolvency Act 1986;

            (f) a
              petition is made for an administration order in relation to the Borrower
              or any
              other Group
              Company under the Insolvency Act 1986;

            (g) any
              steps
              are taken to enter into a company voluntary arrangement in relation
              to the
              Borrower or any other Group Company or to wind up or dissolve the Borrower
              or
              any other Group Company or to appoint a liquidator, trustee, receiver,
              administrative receiver or similar officer to the Borrower or any other
              Group
              Company or any part of its business or
              assets;

            (h)
              any
              legal process (not being reasonably considered by BoS to be defensible
              or
              vexatious, in
              good
              faith) is taken, enforced or sued against the Borrower or any other
              Group
              Company or its assets or any person validly takes possession of any
              of the
              property or assets of the Borrower or any other Group Company or steps
              are taken
              by any person to enforce any security against any of the property or
              assets of
              the Borrower or any other Group Company;

            (i) Control
              of the Borrower or any other Group Company changes;

            (j) in
              BoS's
              reasonable opinion, there is a risk of material liability to BoS under
              environmental law
              because, it has entered into this letter or taken security for the
              Facilities;

            (k)
              any
              part of these Standard Terms and Conditions, the Facility Letter or
              any security
              for the Facilities ceases to be legal or
              effective
              or any security or guarantee for the Facilities is withdrawn or
              discontinued;

            (l) any
              other
              circumstance or event occurs which in BoS's reasonable opinion will
              have a
              material adverse effect on any Group Company's ability to comply with
              Its
              obligations under these Standard Terms and Conditions, the Facility
              Letter or
              any security for the Facilities or the business, assets or financial
              condition
              of the Borrower or any other Group Company;

            (m)
              any
              of the events in paragraphs (d) to (h) occurs in relation to any guarantor
              of
              the Borrower;

            (n) where
              any
              part of the Facilities are used to fund the development of property(ies)
              and any
licence,
              authority, permit, consent, agreement or contract which is material
              to the
construction
              and completion of the development of the property(ies) is terminated
              withheld or
              Changed without BoS's consent;

            (o) any
              Businesscare insurance policy taken out in respect of the Facilities
              is revoked
              or ceases
              to
              be valid in any way.

            2.2
              If
              any of the events listed above occurs BoS may at any time:-

            
              	
                    	(a)	
                      cancel
                        any undrawn part of the Facilities;
                        and/or

                    

            

          

          
            
              
                	
                      	
                        (b)

                      	
                        require
                          immediate repayment of the Facilities and all other sums
                          due under the
                          Facility Letter;
                          and/or

                      

              

            

          

          
            
              
                	
                      	
                        (c)

                      	
                        require
                          that the rate of interest payable on the Facilities is
                          increased to the
                          Default Rate; and/or

                      

              

            

          

          
            
              
                	
                      	
                        (d)

                      	
                        charge
                          an administration fee to compensate BoS for the additional
                          time spent in
                          administering
                          the Facilities.

                      

              

            

          

          3. Taxes

          All
            payments by the Borrower will be without deduction of tax unless the
            Borrower is
            required by law to make a payment subject to deduction or withholding
            of tax, in
            which case the amount .payable by the Borrower will be sufficiently increased
            to
            ensure that BoS receives and retains a net sum equal to that which BoS
            would
            have received and retained were no deduction or withholding
            made.

          4.
            Set
            Off

          BoS
            may
            set-off any balance on any of the Borrower's accounts with BoS against
            any
            sum

          now
            or
            from time to time due, owing or incurred by the Borrower to BoS whether
            presently payable
            or not, whether actually or contingently, whether solely or jointly with
            any
            other person and whether as principal or guarantor. BoS may make any
            currency
            exchanges necessary for this right of set-off and Bank of Scotland's
            usual
            charges and all taxes in relation
            to any currency exchange will be paid by the Borrower.

          5.
            EMU
            Compliance

          If
            the
            introduction of, changeover to or operation of a single or unified European
            currency results in the currency in which the Facilities are provided
            changing
            or being replaced or BoS (in BoS's reasonable opinion) requiring to amend
            either
            these Standard Terms and Conditions, the
            Facility Letter or any security in BoS's favour due to changes in price
            sources
            for any European
            Union member state national currency or the Euro or market conventions
            relating
            to the
            calculation of interest then the Borrower agrees that it will permit
            these
            Standard Terms
            and
            Conditions and/or the Facility Letter and/or any security in BoS's favour
            to be
            amended to the
            extent necessary (in BoS's reasonable opinion) to reflect those changed
            circumstances.

           

          
            
               

            

            
              Page
                7 of 8

              
                

              

            

            
               

            

          

           

          6.
            Indemnity

          The
            Borrower will indemnify BoS and any other member of the Bank of Scotland
            Group
            against any
            loss,
            liability or cost incurred as a result of all or any of the
            following:

          
            	
                  	(a)	
                    any
                      of the events set oat In clause 2.1 above occurring or the
                      operation of
                      clause 2.2 above
                      or any breach of these Standard Terms and Conditions or the
                      Facility
                      Letter or any security document relating to
                      them;

                  

          

          
            	
                  	(b)	
                    the
                      Borrower repaying all or any part of the Facilities other than
                      on the due
                      date including loss of interest rate margin or other loss on
                      account of
                      funds borrowed or contracted for by BoS to fund any amount
                      payable by it
                      under the Facility Letter or as a result of BoS or any other
                      member of the
                      Bank of Scotland Group agreeing to fix or cap the interest
                      rate which
                      applies to the Facilities;

                  

          

          
            	
                  	(c)	
                    BoS
                      acting on telephone or electronic instructions given or purported
                      to be
                      given
                      on behalf of any Group Company;

                  

          

          
            	
                  	(d)	
                    any
                      actual or threatened breach of environmental law, any actual
                      or
                      threatened
                      release of any substance capable of causing harm to any living
                      organism
                      or damaging the environment on, at or from the premises or
operations
                      of any Group Company or any actual or threatened claim against
                      the
                      Borrower or any other Group Company in respect of an alleged
                      breach of
                      environmental law or remedial obligation under such
                      law;

                  

          

          
            	
                  	(e)	
                    any
                      Group Company making any payment or repayment other than in
                      the
                      currency
                      in which the Facilities are drawn;

                  

          

          
            
              	
                    	(f)	
                      after
                        the date of the Facility Letter, any change to or any introduction
                        of any
                        law
                        or regulation in relation to, or any compliance by BoS with,
                        any form of
                        banking
                        or monetary control or the introduction of, changeover to
                        or operation
                        of
                        a single or unified European
                        currency;

                    

          

          
            	
                  	(g)	
                    where
                      the Facilities include a multi option facility or other contingent
                      obligations on the part of the Bank of Scotland Group, all
                      actions, suits,
                      proceeds, claims, demands, liabilities, costs, expenses, losses,
                      damages
                      and charges whatsoever (except those arising as a result of
                      BoS's gross
                      negligence or willful misconduct) Which may occur in relation
                      to or
                      arising out of any utilisation of that multi option
                      facility.

                  

          

          BoS
            will
            use all reasonable endeavours to mitigate any loss suffered by it in
            relation to
            any of the above.

          7
            Notices

          7.1
            All
            notices or other communications by BoS to the Borrower will be in writing
            and
            will be effectively given if (1) sent by first class post to the Borrowers
            registered office or the address last known to BoS (2) sent by fax transmission
            to the Borrower's fax number last known to BoS or (3) sent by e-mail
            to the
            Borrower's e-mail
            address last known to BoS and will be deemed to have been given and received
            48 hours after being sent by first class post, and if by fax or e-mail,
            when
            sent (provided a transmission report or return receipt is
            received).

          7.2
            BoS
            may rely upon any communication by telephone, fax or e-mail or purporting
            to be
            on the Borrowers behalf by anyone notified to BoS as being authorised
            without
            enquiry by BoS as to authority or identity.

          8. Assignment/Assignation

          8.1
            BoS
            may at any time after prior notice to the Borrower assign all or any
            of its
            rights • and benefits under these Standard Terms and Conditions and the Facility
            Letter or transfer
            or otherwise dispose of all or any of its rights, benefits and obligations
            under
            these Standard Terms and Conditions and the Facility Letter as BoS sees
            fit.

          8.2
            Neither the Borrower nor any other Group Company may assign or transfer
            all or
any
            of
            its rights, obligations or benefits under these Standard Terms .and Conditions
            or the Facility Letter.

          9. General

          9.1
            If
            BoS fails or delays in exercising any right or remedy under these Standard
            Terms
            and Conditions or the Facility Letter this does not mean that it has
            waived
that
            right or remedy and BoS may exercise any right or remedy on more than
            one
occasion.

          9.2
            If
            any part of these Standard Terms and Conditions or the Facility Letter
            is not
            valid or enforceable then that will not affect any other part.

          9.3
            Unless arithmetically or factually incorrect, any determination by BoS
            of a
            rate, an amount or a due date under these Standard Terms and Conditions
            or the
            Facility Letter
            will be binding on the Borrower.

          9.4
            These
            Standard Terms and Conditions will be governed by arid construed according
            to the law which applies to the Facility Letter and the Borrower submits
            to
            the
            jurisdiction of the relevant Courts.

          10. Interpretation

          10.1
            Any
            reference in these Standard Terms and Conditions or the Facility Letter
            to:

          
            	
                  	(a)	
                    the
                      Borrower is to the borrower(s) under any Facility Letter and
                      where
                      there
                      is mom than one borrower the obligations of each-borrower in
                      respect of
                      the Facility Letter and these Standard Terms and Conditions
                      shall be joint
                      and several;

                  

          

          
            	
                  	(b)	
                    BoS
                      and the Bank
                      of Scotland is
                      to Bank of Scotland plc;

                  

          

          
            	
                  	(c)	
                    Facility
                      Letter is to any letter issued by BoS and offering Facilities
                      which
                      refers
                      to these Standard Terms and
                      Conditions;

                  

          

          
            	
                  	(d)	
                    Facilities
                      is any financial facility made available by BoS to the Borrower
                      under
                      any Facility Letter

                  

          

          
            	
                  	(e)	
                    statutes,
                      statutory provisions and other legislation will
                      include all amendments,
                      substitutions and re-enactments for the time being in
                      force;

                  

          

          
            	
                  	(f)	
                    Control
                      of any company will be interpreted in accordance with Section
                      840 of
                      the
                      Income-and Corporation Taxes Act
                      1988;

                  

          

          
            	
                  	(g)	
                    Business
                      Day is
                      a day other than a Saturday or Sunday or a bank holiday on
                      which the Bank
                      of Scotland office
                      from
                      which an applicable account is domiciled
                      and/or managed, is open for
                      business;

                  

          

          
            
              	
                    	(h)	
                      Group
                        is
                        the Borrower, any holding company of the Borrower and each
                        of its
                        subsidiaries
                        which is not dormant and or the subsidiaries of any hording
company
                        of the Borrower all as defined in the Companies Act 1985
                        and Group
                        Company will
                        be construed accordingly;

                    

            

          

          
            	
                  	
                    (i)

                  	
                    Bank
                      of Scotland Group means: (I) any affiliate
                      of 1-11305 plc (the parent of BoS);
                      (ii) any successor in business to BoS or any Affiliate of HBOS
                      from
                      time
                      to time; and (iii) any entity in which HBOS plc has from time
                      to time
                      directly or indirectly a participating interest (as that term
                      Is defined
                      in Section 260
                      of the Companies Act 1985 as amended at the date of this Agreement)
                      -..
                      and
                      Bank of
                      Scotland Group Company shall
                      be construed accordingly;

                  

          

          
            	
                  	(j)	
                    Default
                      Rate
                      is the Default Rate of interest specified as such in the Facility
                      Letter.

                  

          

          10.2
            In
            these Standard Terms and Conditions and the Facility Letter, words importing.
            the
            singular will include the plural and vice versa.

          10.3Any
            reference to these Standard Terms and Conditions, the Facility Letter
            or
any
            other
            document referred to in them will be construed as references to those
            "
            documents in force for the time being and as amended, supplemented, restated,
            substituted or novated from time to time.

        

      

    

    
       

      o
        If you have a hearing or speech impairment you can use Typetalk whenever
        you
        contact us.

       

      o
        Information
        is available in large print, audio and Braille on request.
        -

       

      
        
           

        

        
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