Document:

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                                                                   EXHIBIT 10.19

                                                                  CONFORMED COPY
                                                                  2001 DEBENTURE

DATED                              15 NOVEMBER                              2001
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                               THE COMPANIES NAMED
                                  HEREIN AS THE
                             CHARGING COMPANIES (1)

                                     - and -

              THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND (2)

                  ---------------------------------------------

                               COMPOSITE GUARANTEE
                                 AND DEBENTURE

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                                    CONTENTS
<TABLE>
<S>     <C>                                                                                                  <C>
1.      INTERPRETATION........................................................................................1

2.      GUARANTEE PROVISIONS..................................................................................3

3.      COVENANT TO PAY.......................................................................................4

4.      FIXED AND FLOATING CHARGES............................................................................4

5.      CHARGES ON NON CHARGING SUB SHARES BY THE CHARGING COMPANIES..........................................7

6.      CRYSTALLISATION OF FLOATING CHARGE....................................................................9

7.      NEGATIVE PLEDGE AND FURTHER SECURITY.................................................................10

8.      REPRESENTATIONS AND WARRANTIES.......................................................................11

9.      COVENANTS OF THE CHARGING COMPANIES..................................................................11

10.     RECEIVABLES..........................................................................................15

11.     THE SECURITY TRUSTEE'S POWERS OF SALE AND LEASING....................................................16

12.     CONSOLIDATION OF SECURITIES..........................................................................17

13.     APPOINTMENT AND POWERS OF RECEIVER...................................................................17

14.     POWER OF ATTORNEY....................................................................................19

15.     PROTECTION OF THIRD PARTIES..........................................................................20

16.     NEW ACCOUNTS.........................................................................................20

17.     RIGHTS AS BETWEEN EACH  CHARGING  COMPANY, THE OTHER CHARGING COMPANIES AND THE SECURITY
        TRUSTEE (ON BEHALF OF THE SECURITY BENEFICIARIES)....................................................21

18.     CONSOLIDATION OF ACCOUNTS AND SET-OFF................................................................23

19.     CURRENCY.............................................................................................24

20.     SUSPENSE ACCOUNT.....................................................................................24

21.     TIME AND INDULGENCES.................................................................................24

22.     REMEDIES, WAIVERS, AMENDMENTS AND CONSENTS...........................................................25

23.     EXPENSES.............................................................................................25

24.     PROVISIONS SEVERABLE.................................................................................25
</TABLE>

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<TABLE>
<S>     <C>                                                                                                  <C>
25.     AVOIDANCE OF PAYMENTS................................................................................26

26.     DISCRETIONS..........................................................................................26

27.     ASSIGNMENT...........................................................................................26

28.     INTERCREDITOR AGREEMENT AND FACILITIES AGREEMENT TO PREVAIL..........................................27

29.     NOTICES..............................................................................................27

30.     LAW AND JURISDICTION.................................................................................27

31.     MEMORANDUM AND ARTICLES..............................................................................27

FIRST SCHEDULE...............................................................................................28

    The Charging Companies...................................................................................28

THE SECOND SCHEDULE..........................................................................................29

    Part I...................................................................................................29

    Details of Registered Land...............................................................................29

    Part II..................................................................................................29

    Details of Unregistered Land.............................................................................29

THE THIRD SCHEDULE...........................................................................................30

    The Guarantee............................................................................................30
</TABLE>

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THIS COMPOSITE GUARANTEE AND DEBENTURE is made 15 November 2001

BETWEEN:

(1)  THE COMPANIES LISTED IN THE FIRST SCHEDULE TO THIS DEED (the "Charging
     Companies").

(2)  THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND, Bank House, 8 Cherry
     Street, Birmingham B2 5AD (as security trustee for the Security
     Beneficiaries as defined herein (the "Security Trustee").

WHEREAS:

(A)  One or more of the Charging Companies has already been granted, or may
     hereafter be granted facilities from time to time by the Security
     Beneficiaries (or any of them) (as herein defined) and/or is now or may
     hereafter become indebted to the Security Beneficiaries

(B)  The Charging Companies have agreed to execute this Deed in order to secure
     all monies now owing or which may hereafter become owing from the Charging
     Companies (or any of them) to the Security Beneficiaries (or any of them)

(C)  It has been agreed between the Charging Companies and the Security
     Beneficiaries that the security constituted hereby will be held by the
     Security Trustee and given to the Security Trustee for the benefit of the
     Security Beneficiaries

THIS DEED WITNESSES:

1    INTERPRETATION

     In this Deed, except so far as the context otherwise requires:-

     1.1  Except as otherwise specified herein, all terms defined in the
          Facilities Agreement or the Intercreditor Agreement shall have the
          same meaning when used herein.

     1.2  The following terms shall have ascribed to them the following
          meanings:-

          the "Act" means the Law of Property Act 1925;

          "Charged Property" means the property referred to in Clauses 3 or 4
          and all other property of whatsoever nature from time to time charged
          by or pursuant to this Deed;

          "this Deed" means this Deed as from time to time amended and any
          document made pursuant or supplemental hereto;

          the "Facilities Agreement" means the facilities agreement dated 27 May
          1999 between DDI Europe Limited (formerly called MCM Electronics
          Limited) (1) and The Governor and Company of the Bank of Scotland (in
          its various capacities) (2) - (6);

          "Group" means Newco and its Subsidiaries from time to time and "Group
          Company" means any of them and "Group Companies" means all of them;

          the "Guarantee" means the Guarantee contained in Clause 2 as extended
          by the Third Schedule hereto;

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          "Intellectual Property" means copyrights, patents and registered and
          unregistered designs (including applications and rights to apply
          therefor), inventions, trademarks and service marks whether registered
          or not (including all registrations thereof and applications and
          rights to apply therefor), confidential information and know-how and
          fees, royalties and other rights of every kind deriving from
          copyright, patents or inventions or other intellectual property
          throughout the World now or at any time hereafter belonging to or
          created by or assigned to a Charging Company;

          "Newco" means DDI Europe Limited (company registration number
          3731403);

          "Non Charging Sub Shares" means the issued shares in the capital of
          DDI Interconnect Limited, HBH Group Limited, Osborne Precision
          Sheetmetal Limited and DDI Electronics Limited;

          "Planning Acts" means the Town & Country Planning Acts 1990 and the
          Planning (Listed Buildings and Conservation Areas) Act 1990;

          "Receivables" means all present and future book debts, rentals,
          royalties, fees, amounts receivable under Hedging Arrangements, VAT
          and all other amounts recoverable or receivable by any Charging
          Company from other persons due or owing to such Charging Company and
          the benefit of all rights relating thereto including, without
          limitation, negotiable instruments, legal and equitable charges,
          reservations of property rights, rights of tracing and unpaid vendor's
          liens and similar associated rights

          "Receiver" means any receiver or receiver and manager or
          administrative receiver appointed by the Security Trustee under or by
          virtue of this Deed whether alone or jointly with any other person and
          includes any substitute for any of them appointed from time to time;

          "Related Rights" means, in relation to the Non Charging Sub Shares,
          all dividends and interest paid or payable in relation thereto and all
          stocks, shares, securities (and the dividends or interest thereon),
          rights, moneys or property accruing or offered at any time in relation
          to such shares or other securities by way of redemption, substitution,
          exchange, bonus or preference, pursuant to option rights or otherwise
          in respect of any of the Non Charging Sub Shares or in substitution or
          exchange for any of the Non Charging Sub Shares;

          "Secured Obligations" means all indebtedness, liabilities and
          obligations which are now or may at any time hereafter be due, owing
          or incurred in any manner whatsoever to the Security Beneficiaries by
          any Group Company whether actually or contingently, whether pursuant
          to the Guarantee or otherwise, whether solely or jointly with any
          other person, whether as principal or surety and whether or not the
          Security Beneficiaries shall have been an original party to the
          relevant transaction and in whatever currency denominated including
          all liabilities from time to time assumed or incurred by the Security
          Beneficiaries at the request of any Group Company in connection with
          foreign exchange transactions, acceptances, discounting or otherwise
          or under guarantees, bonds, indemnities, documentary or other credits
          or any instruments whatsoever and including interest, discount,
          commission and other lawful charges or reasonable expenses which the
          Security Beneficiaries may in the course of their business charge in
          respect of any facilities or accommodation or service provided by the
          Security Beneficiaries for keeping any Group Company's account;

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     1.3  Section 61 of the Act (other than the definition of "month" contained
          therein) shall govern the construction hereof.

     1.4  References to the Agent, Security Trustee, the Security Beneficiaries,
          the Banks, the Working Capital Bank, and the Hedging Counterparty
          shall include their respective successors and permitted assigns.

     1.5  A reference to a Clause, sub-Clause, or Schedule shall mean and refer
          to a Clause, sub-Clause, or Schedule of this Deed.

     1.6  Any reference in this Deed to any statute or to any provisions of any
          statute shall be construed as including a reference to any statutory
          modification or re-enactment thereof and to any regulations or orders
          made thereunder or deriving validity therefrom and from time to time
          in force.

     1.7  Headings are inserted for convenience only and shall be ignored in
          construing this Deed.

     1.8  References in this Deed to this Deed or any document include
          references to this Deed or such other document as varied supplemented
          novated and/or replaced in any manner from time to time.

     1.9  The terms of the other Banking Documents and of any side letters
          between the parties thereto in relation to any Banking Documents are
          incorporated in this Deed to the extent required to ensure that any
          disposition of the Charged Property contained in this Deed is a valid
          disposition in accordance with Section 2(1) of the Law of Property
          (Miscellaneous Provisions) Act 1989.

     1.10 If the Security Trustee reasonably considers that an amount paid by
          any Charging Company or any person to the Security Trustee under any
          agreement in respect of the Secured Obligations is likely to be
          avoided or otherwise set aside on the liquidation or administration of
          any Charging Company or any other person then that amount shall not be
          considered to have been irrevocably paid for the purposes of this
          Deed.

     1.11 A reference in this Deed to any assets includes present and future
          assets.

     1.12 A reference in this Deed to a charge or mortgage of any freehold or
          leasehold property includes all buildings and all the chargor's
          fixtures and fittings (including trade fixtures and fittings) and
          fixed plant and machinery from time to time on the Charged Property.

2.   GUARANTEE PROVISIONS

     2.1  Each Charging Company hereby irrevocably and unconditionally
          guarantees to the Security Trustee (on behalf of each of the Security
          Beneficiaries) to pay to the Security Trustee on behalf of the
          Security Beneficiaries on demand the Secured Obligations (except any
          Secured Obligations in respect of which the relevant Charging Company
          is already primarily liable).

     2.2  The Guarantee is given subject to and with the benefit of the
          provisions set out in the Third Schedule.

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3    COVENANT TO PAY

     3.1  Each of the Charging Companies hereby covenants with the Security
          Trustee that as and when the Secured Obligations or any part thereof
          are due for payment or on such earlier date as this security becomes
          enforceable and the Security Trustee determines to enforce the same it
          shall on demand in writing by the Security Trustee pay the Secured
          Obligations (or as the case may be the part of the Secured Obligations
          then due to be paid and remaining unpaid) to the Security Trustee for
          its own account, or for the account of the Security Beneficiaries.

     3.2  Each Charging Company hereby covenants that it shall on demand pay to
          the Security Trustee all costs and expenses incurred by the Security
          Trustee in relation to the protection and enforcement of the Security
          Trustee's rights hereunder.

     3.3  The Security Trustee shall hold the benefit of the guarantees and
          covenants in Clauses 2, 3.1 and 3.2 of this Deed (and any other
          covenant expressed to be made in favour of it in this document) and
          all security hereunder, and all its rights and claims under this Deed
          and such security as shall be vested in it, as security trustee for
          the Security Beneficiaries, as is hereby acknowledged by each of the
          parties to this Deed.

4.   FIXED AND FLOATING CHARGES

     With full title guarantee and as a continuing security for the payment or
     discharge of all the Secured Obligations and all their other obligations
     under this Deed:-

     4.1  each Charging Company hereby charges to the Security Trustee (for the
          benefit of the Security Beneficiaries) by way of first legal
          mortgage:-

          4.1.1 all its freehold and leasehold interest in the properties title
               to which is registered at HM Land Registry described in Part I of
               the Second Schedule together with all buildings, fixtures
               (excluding in the case of leasehold property landlord's fixtures
               but including other trade fixtures and excluding in the case of
               freehold property and leasehold property which is let or sub-let
               to a third party, tenant's and trade fixtures and fittings of
               such third party) and its fixed plant and machinery at any time
               thereon;

          4.1.2 all other freehold and leasehold interests in the properties now
               vested in it but title to which is not registered at HM Land
               Registry described in Part II of the Second Schedule together
               with all buildings, fixtures (excluding in the case of leasehold
               property landlord's fixtures but including other trade fixtures
               and excluding in the case of freehold property and leasehold
               property which is let or sub-let to a third party, tenant's and
               trade fixtures and fittings of such third party) and its fixed
               plant and machinery at any time thereon;

     4.2  each Charging Company charges to the Security Trustee (for the benefit
          of the Security Beneficiaries) by way of first fixed charge:-

          4.2.1 all present and future freehold and leasehold property of such
               Charging Company not otherwise charged by way of legal charge
               pursuant to Clauses 4.1.1 or 4.1.2 together with all buildings,
               fixtures (excluding in the case of leasehold property landlord's
               fixtures but including trade fixtures and excluding in the case
               of freehold property and leasehold property which is let

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               or sub-let to a third party, tenant's and trade fixtures and
               fittings of such third party) and its fixed plant and machinery
               at any time thereon;

          4.2.2 all estates and interests not hereinbefore effectively charged
               now or hereafter belonging to such Charging Company in or over
               land wheresoever situate or the proceeds of sale of land and all
               licences now or hereafter held by such Charging Company to enter
               upon or use land and the benefit of all other agreements relating
               to land to which such Charging Company is or may become a party
               or otherwise entitled and all trade and tenants' fixtures, plant
               and machinery owned by such Charging Company now or hereafter
               annexed to all freehold and leasehold property its estate or
               interest in which stands charged hereunder;

          4.2.3 all stocks, shares (including but not limited to shares in any
               subsidiary), debentures, loan capital, right to subscribe for,
               convert other securities into or otherwise acquire any stocks,
               shares, debentures or loan capital of any other body corporate
               now or at any time hereafter belonging to such Charging Company,
               together with all dividends (unless such dividends are or are to
               be paid in satisfaction of any of the Secured Obligations),
               interest and other income and all other rights of whatsoever kind
               deriving from or incidental to any of the foregoing;

          4.2.4 the goodwill of such Charging Company and its uncalled capital
               now or at any time hereafter in existence and future calls
               (whether made by the directors of the Charging Company or by a
               Receiver or a liquidator);

          4.2.5 all Intellectual Property;

          4.2.6 all plant, vehicles and machinery now or at any time hereafter
               belonging to such Charging Company (excluding however plant and
               machinery for the time being forming part of its stock in trade
               or work in progress);

          4.2.7 all chattels now or at any time hereafter hired, leased or
               rented by such Charging Company to any other person together in
               each case subject to and with the benefit of the related hiring,
               leasing or rental contract and any guarantee, indemnity or other
               security for the performance of the obligations of any person
               under or in respect of such contract;

          4.2.8 all Receivables;

          4.2.9 the benefit of all contracts licences consents and
               authorisations (statutory or otherwise) (the "Contracts") held in
               connection with its business or the use of any Charged Property
               specified in any other paragraph or sub-paragraph of this Clause
               4 and the right to recover and receive all compensation which may
               be payable to it in respect of them.

     4.3  Each Charging Company hereby charges to the Security Trustee (for the
          benefit of the Security Beneficiaries) by way of first floating charge
          all its undertaking and all its property and assets whatsoever and
          wheresoever situated both present and future, including (without
          prejudice to the generality of the foregoing) (i) heritable property
          and all other property and assets in Scotland and (ii) the proceeds of
          the collection of any Receivables, but excluding any property or
          assets from time to time or for the time being effectively charged by
          way of fixed charge under or pursuant to this Deed.

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     4.4  The security from time to time constituted by or pursuant to this Deed
          shall:-

          4.4.1 be in addition to and shall be independent of every bill, note,
               guarantee, mortgage or other security which the Security
               Beneficiaries may at any time hold for any of the Secured
               Obligations and it is hereby declared that no prior security held
               by the Security Trustee and/or the Security Beneficiaries over
               the Charged Property or any part thereof shall merge into the
               security created hereby or pursuant hereto; and

          4.4.2 remain in full force and effect as a continuing security until
               the earlier of (i) the Security Trustee having certified in
               writing that the Secured Obligations have been discharged in full
               and (ii) the security constituted by this Deed having been
               released.

     4.5  Leasehold Interests Containing Prohibition on Charging

          4.5.1 Until the relevant consent shall have been obtained, there shall
               be excluded from the charge created by Clause 4.1 above (and
               further assurance provisions as set out in Clause 7.2 below) any
               leasehold property held by any Charging Company under a lease the
               terms of which either preclude absolutely the relevant Charging
               Company from creating any charge over its leasehold interest in
               such property or require the consent of any third party prior to
               the creation of such charge and such consent shall not have been
               previously obtained (each an "Excluded Property");

          4.5.2 With regard to each Excluded Property, the relevant Charging
               Company hereby undertakes to make application for the consent of
               the relevant third party to the creation of the charge contained
               in Clause 4.1 above (or Clause 7.2 below) within twenty eight
               days of the date hereof and to use all its reasonable endeavours
               to obtain such consent as soon as possible and to keep the
               Security Trustee informed of the progress of its negotiations
               with such third parties;

          4.5.3 Forthwith, upon receipt of the relevant third party's consent as
               aforesaid, the relevant Excluded Property shall thereupon be
               charged to the Security Trustee pursuant to the terms of Clause
               4.1 above (or Clause 7.2 below, as the case may be). If required
               by the Security Trustee in respect of any Excluded Property at
               any time following receipt of such consent or if earlier, the
               date falling sixty days after the date hereof, the relevant
               Charging Company will execute a valid legal mortgage in such form
               as the Security Trustee shall require.

     4.6  Intellectual Property Interests Containing Prohibition on Charging

          4.6.1 Until the relevant consent shall have been obtained, there shall
               be excluded from the charge created by Clause 4.1 above (and
               further assurance provisions as set out in Clause 7.2 below) any
               Intellectual Property in which any Charging Company has an
               interest pursuant to any licence or other agreement the terms of
               which either preclude in any way the Charging Company from
               assigning or creating any charge over its interest in such
               Intellectual Property or require the consent of any third party
               prior to the making of such assignment or creation of such charge
               and such consent shall not have been previously obtained (each an
               "Excluded Intellectual Property Right");

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          4.6.2 With regard to each Excluded Intellectual Property Right, the
               relevant Charging Company hereby undertakes to make application
               for the consent of the relevant third party (where the identity
               of the relevant third party is known to the relevant Charging
               Company) to the creation of the charge contained in Clause 4.1
               above (or Clause 7.2 below) within twenty eight days of the date
               hereof and to use its reasonable endeavours to obtain such
               consent as soon as possible and to keep the Security Trustee
               informed of the progress of its negotiations with such third
               parties;

          4.6.3 Forthwith, upon receipt of the relevant third party's consent as
               aforesaid, the relevant Excluded Intellectual Property Right
               shall thereupon be charged to the Security Trustee pursuant to
               the terms of Clause 4.1 above (or Clause 7.2 below, as the case
               may be). If required by the Security Trustee in respect of any
               Excluded Intellectual Property Right at any time following
               receipt of such consent or if earlier, the date falling sixty
               days after the date hereof, the relevant Charging Company will
               execute a valid equitable charge or legal assignment in such form
               as the Security Trustee shall require.

     4.7  Interests in Contracts Containing Prohibition on Charging

          4.7.1 Until the relevant consent shall have been obtained, there shall
               be excluded from the charge created by Clause 4.1 above (and
               further assurance provisions as set out in Clause 7.2 below) any
               Contract in which any Charging Company has an interest pursuant
               to any licence or other agreement the terms of which either
               preclude in any way the Charging Company from assigning or
               creating any charge over its interest in such Contract or require
               the consent of any third party prior to the making of such
               assignment or the creation of such charge and such consent shall
               not have been previously obtained (each an "Excluded Contract
               Right");

          4.7.2 With regard to each Excluded Contract Right, the relevant
               Charging Company hereby undertakes to make application for the
               consent of the relevant third party (where the identity of the
               relevant third party is known to the relevant Charging Company)
               to the creation of the charge contained in Clause 4.1 above (or
               Clause 7.2 below) within twenty eight days of the date hereof and
               to use its reasonable endeavours to obtain such consent as soon
               as possible and to keep the Security Trustee informed of the
               progress of its negotiations with such third parties;

          4.7.3 Forthwith, upon receipt of the relevant third party's consent as
               aforesaid, the relevant Excluded Contract Right shall thereupon
               be charged to the Security Trustee pursuant to the terms of
               Clause 4.1 above (or Clause 7.2 below, as the case may be). If
               required by the Security Trustee in respect of any Excluded
               Contract Right at any time following receipt of such consent the
               relevant Charging Company will execute a valid equitable charge
               or legal assignment in such form as the Security Trustee shall
               require.

5.   CHARGES ON NON CHARGING SUB SHARES BY THE CHARGING COMPANIES

     5.1  Each Charging Company, as sole beneficial owner hereby as continuing
          security for the payment, discharge and performance of all the Secured
          Obligations:-

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          5.1.1 mortgages and charges and agrees to mortgage and charge to the
               Security Trustee all Non Charging Sub Shares held now or in the
               future by it and/or any nominee on its behalf, the same to be a
               security by way of a first mortgage or charge; and

          5.1.2 mortgages and charges and agrees to mortgage and charge to the
               Security Trustee all the Related Rights accruing to all or any of
               the Non Charging Sub Shares held now or in the future by it
               and/or any nominee on its behalf, the same to be a security by
               way of a first mortgage or charge; and

          5.1.3 undertakes to comply with its obligations under Clause 5.2
               hereof.

     5.2  Each Charging Company shall by way of security for the Secured
          Obligations:-

          5.2.1 immediately deposit by way of security with the Security Trustee
               all bearer instruments and certificates or other documents
               evidencing an entitlement to the Non Charging Sub Shares and
               share transfer forms in blank in respect of those Shares as are
               in certificated form and the Security Trustee will hold the same
               by way of security on the terms set out in this Deed;

          5.2.2 immediately on receipt of any certificate or other document
               evidencing any entitlement to any further or other Non Charging
               Sub Shares deposit it with the Security Trustee together with
               such share transfer forms in blank which the Security Trustee
               will hold by way of security on the terms set out in this Deed.

     5.3  Each Charging Company authorises the Security Trustee:-

          5.3.1 to arrange for any of the Non Charging Sub Shares which are in
               registered form to be registered in the name of the Security
               Trustee or a nominee of the Security Trustee (if required by the
               Security Trustee to perfect the Security Trustee's security); and

          5.3.2 at any time after the security hereby constituted has become
               enforceable to transfer or cause any of the Non Charging Sub
               Shares to be transferred to and registered in the name of any
               purchase or transferee.

     5.4  Each Charging Company shall from time to time on the request of the
          Security Trustee execute and sign all transfers, powers of attorney
          and other documents and give such instructions and directions as the
          Security Trustee may require for perfecting its title to any of the
          Non Charging Sub Shares or for vesting the same in itself in order to
          perfect the security constituted hereby or its nominee or, in the
          exercise of its powers or realisation, in any purchaser or transferee.

     5.5  Unless and until the security constituted hereby becomes enforceable,
          and, while it remains so, each Charging Company shall be entitled:-

          5.5.1 to receive all dividends, interest and income from the Non
               Charging Sub Shares and, if necessary, the Security Trustee
               shall, and shall cause its nominee to release or account for the
               same to the relevant Charging Company; and

          5.5.2 to exercise all the voting rights and other rights and powers
               attached or incidental to the Non Charging Sub Shares, and if
               necessary for this purpose,

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               the Security Trustee shall and shall cause its nominees either to
               exercise such voting and other rights and powers attached to or
               incidental to the Non Charging Sub Shares from time to time in
               accordance with the directions of the relevant Charging Company
               or to appoint the relevant Charging Company or any person
               nominated by it to be the proxy of the Security Trustee or its
               nominees to exercise such voting and other rights and powers
               attached to or incidental to the Non Charging Sub Shares in
               accordance with the directions of the relevant Charging Company
               PROVIDED HOWEVER THAT the relevant Charging Company shall not,
               without the previous consent in writing of the Security Trustee,
               exercise or require the Security Trustee or its nominees or any
               such proxy to exercise the voting rights attached to any of the
               Non Charging Sub Shares in favour of resolutions having any of
               the following effects, namely:-

               5.5.2.1 any change in the terms of the Non Charging Sub Shares
                    concerned; or

               5.5.2.2 any other matter which, in the opinion of the Security
                    Trustee, would be contrary to the provisions of the Banking
                    Documents.

     In the event of any meeting of the holders of any of the Non Charging Sub
     Shares being called for the purpose of passing a resolution relating to any
     such matters referred to above the Security Trustee shall vote or procure
     its nominees or proxies to vote in respect of the Non Charging Sub Shares
     registered in their name or under their control in such manner as they
     shall in their entire discretion consider to be in the interests of the
     security constituted hereby.

     5.6  Any time after the security becomes enforceable, and while it remains
          so, and without any further consent or authority on the part of the
          relevant Charging Company, the Security Trustee may exercise at its
          discretion (in the name of the relevant Charging Company or otherwise)
          in respect of any of the Non Charging Sub Shares any voting rights and
          any powers or rights which may be exercised by the person or persons
          in whose name or names the Non Charging Sub Shares are registered or
          who is the holder or bearer of them including (but without limitation)
          all the powers given to trustees by section 10(3) and (4) of the
          Trustee Act 1925 (as amended by section 9 of the Trustee Investment
          Act 1961) in respect of securities or property subject to a trust.

6.   CRYSTALLISATION OF FLOATING CHARGE

     6.1  The Security Trustee may by notice in writing to a Charging Company
          convert the floating charge created pursuant to Clause 4.3 into a
          fixed charge as regards all or any of that Charging Company's assets
          charged under Clause 4.3 and specified in the notice if:-

          6.1.1 an Event of Default occurs which remains unremedied or unwaived;
               or

          6.1.2 the Security Trustee in its absolute discretion considers those
               assets to be in danger of being seized, or sold under any form of
               distress, attachment, execution or other legal process.

     6.2  The floating charge created by a Charging Company under this Deed
          shall (in addition to the circumstances in which the same will occur
          under general law)

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          automatically be converted into a fixed charge in relation to the
          assets of that Charging Company:-

          6.2.1 on the convening of any meeting of the members of that Charging
               Company to consider a resolution to wind up that Charging
               Company; or

          6.2.2 on the presentation of a petition (other than a petition
               determined by the Security Trustee to be frivolous or vexatious)
               to wind up that Charging Company which is not discharged within
               fourteen days; or

          6.2.3 on the appointment of an administrator to that Charging Company;
               or

          6.2.4 if that Charging Company fails to comply with its obligations
               under Clause 7 of this Deed PROVIDED ALWAYS that in such
               circumstances the floating charge shall be converted into a fixed
               charge in respect only of the assets of such Charging Company
               which have been encumbered or that have been otherwise sold,
               discounted, factored, transferred, leased, lent or otherwise
               disposed of.

     6.3  Service by the Security Trustee of a notice pursuant to Clause 6.1
          above in relation to any class of assets of any Charging Company shall
          not be construed as a waiver or abandonment of the Security Trustee's
          rights to serve similar notices in respect of any other class of
          assets or of any other of the rights of the Security Trustee and/or
          the Security Beneficiaries hereunder.

7.   NEGATIVE PLEDGE AND FURTHER SECURITY

     7.1  Each Charging Company severally covenants with the Security Trustee
          (for the benefit of the Security Beneficiaries) that during the
          continuance of this security it shall not without the consent in
          writing of the Security Trustee:-

          7.1.1 create, extend or permit to subsist any Security Interest (other
               than a Permitted Security Interest) upon any of the Charged
               Property to secure any liability, actual or contingent;

          7.1.2 save as permitted or required under this Deed or under the
               Facilities Agreement, sell, discount, factor, transfer, lease,
               lend or otherwise dispose of, whether by means of one or a number
               of transactions related or not and whether at one time or over a
               period of time, the whole or, save in the normal course of
               trading, any part of the Charged Property.

     7.2  Without prejudice to the generality of the covenant for further
          assurance deemed to be included herein by virtue of Section 76(1)(c)
          of the Act, each Charging Company shall from time to time whensoever
          requested by the Security Trustee and at such Charging Company's cost,
          execute in favour of the Security Trustee, or as the Security Trustee
          may reasonably direct, such further or other legal assignments,
          transfers, mortgages, legal or other charges or securities as in each
          case it may be lawful for such Charging Company to execute and are not
          inconsistent with the provisions of this Deed or the Facilities
          Agreement and the Security Trustee shall reasonably stipulate over the
          Charged Property for the purpose of more effectively providing the
          security stipulated herein for the payment or discharge of the Secured
          Obligations. Without prejudice to the generality of the foregoing,
          such assignments, transfers, mortgages, legal or other charges or
          securities shall be in such form as the Security Trustee may
          reasonably require and may contain provisions such as are

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          herein contained and provisions to the like effect to the extent it is
          legally able to do so and/or such other provisions of whatsoever kind
          as the Security Trustee shall reasonably consider requisite for the
          perfection of the security constituted by or pursuant to this Deed.

8.   REPRESENTATIONS AND WARRANTIES

     Each Charging Company hereby represents and warrants to the Security
     Trustee (for the benefit of the Security Beneficiaries) in respect of
     itself as follows:-

     8.1  no liquidator, Receiver, administrator or similar appointee has been
          appointed in respect of the Charging Company or any part of any of its
          assets and no action is currently being taken with a view to
          appointing any such liquidator, Receiver, administrator or similar
          appointee;

     8.2  neither the entry nor the performance of or compliance with its
          obligations under or pursuant to this Deed nor the creation of the
          security created by it pursuant to this Deed does or will violate in
          any material manner, or exceed any borrowing or other powers or
          restrictions granted or imposed under or pursuant to:-

          8.2.1 any law to which the Charging Company is subject; or

          8.2.2 the Charging Company's Memorandum or Articles of Association; or

          8.2.3 any other agreement, arrangement or understanding to which the
               Charging Company is a party or otherwise subject;

     8.3  each of the representations and warranties in sub-clauses 8.1 to 8.2
          above will be correct and complied with in all material respects at
          all times during the continuance of this security.

9.   COVENANTS OF THE CHARGING COMPANIES

     Each of the Charging Companies hereby covenants that, during the
     continuance of this security:-

     9.1

          9.1.1 it shall maintain insurances on and in relation to its business
               and assets including, without limitation, employers liability
               insurance and product liability insurance third party liability
               insurance and cause all buildings trade and other fixtures
               forming part of the Charged Property to be insured with reputable
               underwriters or insurers against such risks and to such extent as
               is usual for companies carrying on a business such as that
               carried on by the Charging Company whose practice is not to self
               insure (or, in relation to any leasehold property in respect of
               which the insurance requirements are specified to be subject to
               the approval of the relevant landlord, use all reasonable
               endeavours to procure the same). If so required by the Security
               Trustee such insurances shall be effected in the joint names of
               the Charging Company and the Security Trustee or, at the option
               of the Security Trustee, with the interest of the Security
               Trustee noted on the policies of insurance and with the policies
               containing such provisions for the protection of the Security
               Trustee (for the benefit of the Security Beneficiaries) as the
               Security Trustee may require. The Charging Company shall from
               time to time upon written request supply the Security Trustee
               with copies of all such insurance

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               policies or certificates of insurance in respect thereof or such
               other evidence of the existence of such policies as may be
               acceptable to the Security Trustee and any premium receipts in
               respect of such policies;

          9.1.2 without limiting the generality of the preceding sub-clause if
               so required by the Security Trustee, use all reasonable
               endeavours to cause the policies of insurance maintained by it
               pursuant to paragraph 9.1.1 above to be as soon as reasonably
               practicable amended to include clauses reasonably satisfactory to
               the Security Trustee to ensure that no breach of any of the terms
               of any such policy of insurance nor failure to give notice of any
               event giving rise to any claim by any Charging Company will
               invalidate such policy of insurance or any provision thereof as
               regards the Security Trustee and/or the Security Beneficiaries
               and to ensure that the relevant insurer shall advise the Security
               Trustee:-

               9.1.2.1 of any cancellation alteration termination or expiry of
                    any such policy at least 30 days before such cancellation
                    alteration termination or expiry is due to take effect;

               9.1.2.2 of any default in the payment of any premium or failure
                    to renew the insurance at least 30 days before the renewal
                    date; and

               9.1.2.3 of any act or omission or the occurrence of any event of
                    which the insurer has knowledge and which might invalidate
                    or render unenforceable (in whole or in part) the insurance;

          9.1.3 it will duly and punctually pay all premiums and other monies
               necessary for effecting and keeping in force such insurances and
               shall renew all insurance at least 14 days before the relevant
               policies or contracts expire and shall promptly confirm in
               writing to the Security Trustee when each such renewal is
               effected;

          9.1.4 it shall not do or suffer or cause to be done or suffered
               anything whereby any insurance policy now or at any time effected
               upon the Charged Property may become liable to be vitiated or
               cancelled and in particular shall not use or allow the Charged
               Property to be used otherwise than in accordance with the terms
               of any policy of insurance for the time being relating thereto
               (including any warranties or trading limits therein) without
               first giving written notice to the Security Trustee and obtaining
               the consent of the insurers concerned and complying with such
               requirements as to the payment of extra premiums or otherwise as
               the insurers may impose;

          9.1.5 if default shall at any time be made by any Charging Company in
               effecting or keeping up the insurances referred to in sub-clause
               9.1.1 or in producing any such policy or receipt to the Security
               Trustee on demand, the Security Trustee may take out or renew
               such insurances in any sum which the Security Trustee may think
               expedient and all monies expended by the Security Trustee under
               this provision shall be deemed to be properly paid by the
               Security Trustee, and shall be reimbursed by the Charging Company
               on demand and shall bear interest at the highest rate for the
               time being in effect under the Facilities Agreement from the date
               of payment until the date of reimbursement. This Deed shall be a
               security for the reimbursement to the Security Trustee of such
               monies together with such interest as aforesaid;

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          9.1.6 all claims and monies received or receivable under any such
               insurances of freehold and leasehold properties shall (subject to
               the rights of any claims of any lessor or landlord of any part of
               the Charged Property) be applied by the Charging Company, in
               repairing, replacing, restoring or rebuilding the property
               damaged or destroyed (or shall be otherwise applied subject to
               the consent of the Security Trustee) or, if so directed by the
               Security Trustee after the occurrence only of an Event of
               Default, held by the Charging Company in trust for the Security
               Trustee;

     9.2  it shall keep all buildings forming part of the Charged Property and
          in which trading operations are carried on, and all plant, machinery,
          fixtures, fittings and other effects in or upon the same and every
          part thereof required for the use of the Charging Company in a state
          of repair working order and condition that is no worse than the state
          of repair, working order and condition as at the date of this
          Debenture and shall keep all other buildings in a good state of repair
          working order and condition, and shall comply with all covenants and
          notices in relation thereto to be performed by the Charging Company
          and contained in any lease of such buildings and permit the Security
          Trustee, its officers, employees and agents free access at all
          reasonable times and on the giving of reasonable notice to view the
          state and condition of the foregoing without becoming liable as
          mortgagees in possession;

     9.3  it shall duly and punctually pay all rates, rents, taxes, and other
          outgoings due by it in respect of the Charged Property or any of it;

     9.4  it shall permit the Security Trustee or its designated representatives
          on reasonable notice to have access during normal office hours to its
          accounts and accounting records and to any books and records relating
          to the Charged Property, to inspect and take extracts from the same
          and make photocopies thereof and the Charging Company shall provide,
          at its cost and expense, such clerical and other assistance as the
          Security Trustee may reasonably request with regard thereto;

     9.5  it shall in relation to the Charged Property comply with all material
          obligations under any present or future statute, regulation, order and
          instrument or under any bye-laws, regulations or requirements of any
          competent authority or other approvals, licences or consents and if
          requested by the Security Trustee produce to the Security Trustee
          within 14 days of receipt every material notice, order or proposal
          given or made in relation to the Charged Property by any competent
          authority and either comply with the same or make such objections and
          representations against the same as the Security Trustee may
          reasonably require or approve (such approval not to be unreasonably
          withheld or delayed);

     9.6  it shall observe and perform all covenants and stipulations from time
          to time affecting any part of the Charged Property or the manner of
          use or the enjoyment of the same and shall not without the prior
          written consent of the Security Trustee enter into any onerous or
          restrictive obligations affecting any part thereof;

     9.7  it shall not without the prior written consent of the Security Trustee
          such consent not to be unreasonably withheld or delayed confer on any
          person any right or licence to occupy any land or buildings forming
          part of the Charged Property or any licence to assign or sub-let any
          part of the Charged Property;

     9.8  it shall not carry out any development within the meaning of the
          Planning Acts in or upon the Charged Property or any part thereof
          without first obtaining such permissions as may be required under or
          by virtue of the Planning Acts, and in the

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<PAGE>

          case of development involving a substantial change in the structure or
          a change of use of the Charged Property or any part thereof, without
          first obtaining the written consent of the Security Trustee;

     9.9  it shall upon request by the Security Trustee deposit with the
          Security Trustee and the Security Trustee during the continuance of
          this security shall be entitled to hold all deeds and documents of
          title relating to the Charging Company's title to the freehold and
          leasehold and heritable property (and all insurance policies relating
          thereto to which the Charging Company is entitled to possession) and
          other Charged Property and all stocks, shares and other securities and
          all policies of insurance hereby charged for the time being;

     9.10 it shall preserve, maintain and renew as and when necessary all
          Intellectual Property required in connection with its business and/or
          the premises in which such business is conducted;

     9.11 it shall indemnify the Security Trustee (for the benefit of the
          Security Beneficiaries) (and as a separate covenant any Receiver
          appointed by them) against all existing and future rents, taxes,
          duties, fees, renewal fees, charges, assessments, impositions and
          outgoings whatsoever (whether imposed by deed or statute or otherwise
          and whether the nature of capital or revenue and even though of a
          wholly novel character) which now or at any time during the
          continuance of the security constituted by or pursuant to this Deed
          are payable in respect of the Charged Property or any part thereof or
          by the owner or occupier thereof; if any such sums as are referred to
          in this sub-clause shall be paid by the Security Trustee (or any such
          Receiver) the same shall be repaid by the Charging Company on demand
          with interest (as well after as before judgment) at the highest rate
          for the time being in effect under the Facilities Agreement from the
          date of payment until the date of reimbursement. This Deed shall be a
          security for the reimbursement to the Security Trustee of such monies
          together with interest as aforesaid;

     9.12 it shall:-

          9.12.1 notify the Security Trustee forthwith upon the acquisition by
               that Charging Company of any freehold or leasehold property;

          9.12.2 insofar as it is lawfully able to do so, on written demand made
               to that Charging Company by the Security Trustee and at the
               reasonable cost of the Charging Company, execute and deliver to
               the Security Trustee any legal mortgage in favour of the Security
               Trustee of any freehold or (subject to any prohibition on
               charging in the relevant lease) leasehold property which becomes
               vested in it after the date of this Deed (in similar form and
               terms to the legal mortgage in this Deed) which the Security
               Trustee may reasonably require;

          In the case of any leasehold property in relation to which the consent
          of the landlord in whom the reversion of that lease is vested is
          required in order for the Charging Company to perform any of its
          obligations under this Clause 9.12, the Charging Company shall not be
          required to perform that particular obligation unless and until it has
          obtained the landlord's consent (which it shall use its reasonable
          endeavours to do);

     9.13 it shall, in respect of any freehold or leasehold land which it may
          hereafter acquire and which is registered land (or unregistered land
          subject to compulsory first

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<PAGE>

          registration) apply to the Chief Land Registrar for the registration
          of a Restriction against the registered titles in the following
          terms:-

          "Except under an order of the Registrar no disposition by the
          proprietor of the land is to be registered without the consent of the
          proprietor for the time being of the Charge dated [___] in favour of
          The Governor and Company of the Bank of Scotland."

10   RECEIVABLES

     10.1 Each of the Charging Companies hereby covenants that during the
          continuance of this security it shall:-

          10.1.1 promptly get in and realise all Receivables in the ordinary
               course of its business and pay into a denominated account (the
               "Collections Account") with the Security Trustee or to such
               account as the Security Trustee shall from time to time direct
               all monies which it may receive in respect of the same forthwith
               on receipt;

          10.1.2 without prejudice to the foregoing, in the event of receipt or
               recovery of any amounts referred to in sub-clause 10.1.1 by any
               Charging Company, otherwise than by credit to the Collections
               Account, the Charging Company shall pay the same to the
               Collections Account forthwith upon receipt or recovery and in
               like funds as received or recovered by the relevant Charging
               Company and such Charging Company shall in the meantime hold the
               same on trust for this purpose;

          10.1.3 deal with such Receivables in accordance with any directions
               from time to time given by the Security Trustee and in default of
               and subject to any such directions deal with the same only in the
               ordinary course of getting in and realising the same (without
               selling assigning factoring or discounting the same in any way);

          10.1.4 if called upon to do so by the Security Trustee execute and
               deliver to the Security Trustee a legal assignment of the
               Receivables to the Security Trustee (to the extent that the
               Receivables have not already been assigned to the Security
               Trustee) on such terms as the Security Trustee may require and
               give notice thereof to the debtors from whom the Receivables are
               due owing or incurred and take any other steps as the Security
               Trustee may require to perfect such legal assignment;

          10.1.5 not without the prior consent of the Security Trustee sell,
               assign, factor, discount, release, exchange, compound, set-off,
               grant time or indulgence in respect of or in any other manner
               deal with all or any of the Receivables save as hereinbefore
               expressly provided PROVIDED ALWAYS that no set-off arising by
               operation of law or by virtue of any equitable rights of set-off
               shall constitute a breach of this Clause 10.1.5.

     10.2 The Collections Account must be maintained at a branch of the Security
          Trustee.

     10.3 Before the security constituted by this Deed shall have been enforced
          the monies credited to the Collections Account may be withdrawn by the
          relevant Charging Company and applied by it for any lawful purpose.

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     10.4 Amounts standing to the credit of each Collections Account shall bear
          interest at a fair market rate agreed between the Security Trustee and
          the relevant Charging Company and in default of agreement at the
          Security Trustee's standard rate for deposits of this size and nature.

     10.5 Upon the security constituted by this Deed being enforced the Security
          Trustee (or a Receiver) may (subject to the payment of any claims
          having priority to this security) withdraw amounts standing to the
          credit of each Collections Account to meet any amount due and payable
          in respect of the Secured Obligations.

     10.6 The Security Trustee, any of the Security Beneficiaries or a Receiver
          shall not be responsible to any Charging Company for any non-payment
          of any liability of any Charging Company which could be paid out of
          monies standing to the credit of the relevant Collections Account, nor
          be liable to any Charging Company for any withdrawal wrongly made if
          made in good faith.

     10.7 The Security Trustee may delegate its powers of withdrawal under this
          Clause to the administrative receiver, and/or manager appointed
          pursuant to this Debenture.

     10.8 Prior to the floating charge constituted by Clause 4.3 hereof being
          converted into a fixed charge by operation of law or otherwise and in
          the absence of any directions from the Security Trustee under Clause
          10.1.3 hereof any moneys received by the relevant Charging Company and
          paid into the Collections Account in respect of the Receivables shall
          upon payment in stand released from the fixed charge contained in
          Clause 4.2.8 hereof and shall stand subject to the floating charge
          contained in Clause 4.3 hereof but such release shall in no respects
          derogate from the subsistence of the said fixed charge on all other
          Receivables for the time being outstanding.

11.  THE SECURITY TRUSTEE'S POWERS OF SALE AND LEASING

     11.1 The Security Trustee (on behalf of the Security Beneficiaries) may
          exercise the statutory power of sale conferred on mortgagees by the
          Act free from the restrictions imposed by Section 103 thereof.

     11.2 The Secured Obligations shall be deemed to have become due within the
          meaning of Section 101 of the Act and the security created by the
          Charging Companies by or pursuant to this Deed shall immediately
          become enforceable and the power of sale and other powers conferred by
          the said Section and/or by Schedule 1 to the Insolvency Act 1986, in
          each case as varied or extended by this Deed, and all other powers
          conferred on the Security Trustee (for the benefit of the Security
          Beneficiaries) by this Deed shall be immediately exercisable at any
          time, in relation to the whole or any part of the Charged Property,
          after the Security Trustee shall have validly and effectively demanded
          the payment or discharge by the Charging Companies or any of them of
          all or any of the Secured Obligations. Any demand for payment shall be
          valid and effective for the purposes of this sub-clause 11.2
          notwithstanding that the demand may contain an inaccurate or
          incomplete statement of the Secured Obligations.

     11.3 The statutory powers of leasing, letting, entering into agreements for
          leases or lettings and accepting and agreeing to accept surrenders of
          leases conferred by Sections 99 and 100 of the Act shall be
          exercisable by the Security Trustee at any time after the Security
          Trustee shall have demanded the payment or discharge by the Charging
          Companies or any of them of all or any of the Secured Obligations in
          accordance with the provisions of Clause 11.2 and whether or not the
          Security

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          Trustee shall then be in possession of that part of the Charged
          Property proposed to be leased so as to authorise the Security Trustee
          to make a lease or agreement for lease at a premium and for any length
          of term and generally without any restriction on the kinds of leases
          and agreements for lease that the Security Trustee may make and
          generally, without the necessity for the Security Trustee to comply
          with any restrictions imposed by or any other provisions of the said
          Sections 99 and 100, the Security Trustee may delegate such powers to
          any person but no such delegation shall preclude the subsequent
          exercise of any such powers by the Security Trustee itself or a
          subsequent delegation by the Security Trustee to any other person; and
          any such delegation may be revoked by the Security Trustee at any
          time.

12.  CONSOLIDATION OF SECURITIES

     Sub-section (1) of Section 93 of the Act shall not apply to this Deed.

13.  APPOINTMENT AND POWERS OF RECEIVER

     13.1 At any time after the security constituted by this Deed becomes
          enforceable and while it remains so or at the request of the relevant
          Charging Company the Security Trustee (on behalf of the Security
          Beneficiaries) may appoint one or more persons to be a Receiver of the
          whole or any part of the Charged Property and/or of the income
          thereof. The Security Trustee may:-

          13.1.1 (subject to the provisions of the Insolvency Act 1986) remove
               any Receiver previously appointed hereunder; and

          13.1.2 appoint another person or persons as Receiver either in place
               of a Receiver so removed or who has otherwise ceased to act or to
               act jointly with a Receiver previously appointed.

     13.2 If at any time and by virtue of any such appointment(s) any two or
          more persons shall hold office as Receiver of the whole or the same
          part or parts of the Charged Property and/or the income thereof they
          shall have power to act severally (unless the contrary shall be stated
          in the deed(s) or other instrument(s) appointing them).

     13.3 Every Receiver shall (subject to any limitations or restrictions
          expressed in the deed or other instrument appointing him but
          notwithstanding any winding-up or dissolution of the Charging
          Companies or any of them) have and be entitled to exercise all powers
          conferred by the Act and/or the Insolvency Act 1986 and/or any other
          statute conferring power on a Receiver and in particular by way of
          addition thereto but without limiting any general powers hereinbefore
          referred to (and without prejudice to the Security Trustee's powers)
          the Receiver shall have power:-

          13.3.1 to take possession of collect and get in the Charged Property
               and/or income in respect of which he was appointed;

          13.3.2 to carry on or concur in carrying on the business of any of the
               Charging Companies and raise money from the Security
               Beneficiaries and others without security or on the security of
               all or any of the Charged Property;

          13.3.3 to alter, improve, develop, complete, construct, modify,
               refurbish or repair any building or land and to complete or
               undertake or concur in the completion or undertaking (with or
               without modification) of any project in which any of the Charging
               Companies were concerned or interested prior to

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<PAGE>

               his appointment being a project for the alteration, improvement,
               development, completion, construction, modification,
               refurbishment or repair of any building or land;

          13.3.4 to sell or concur in selling leasing or otherwise disposing of
               the whole or any part of the Charged Property in respect of which
               he was appointed without the need to observe the restriction
               imposed by Section 103 of the Act;

          13.3.5 to carry out any sale lease or other disposal of the whole or
               any part of the Charged Property by conveying transferring
               assigning or leasing in the name of any of the Charging Companies
               and for that purpose to enter into covenants and other
               contractual obligations in the name of and so as to bind any of
               the Charging Companies;

          13.3.6 to take any such proceedings as he shall think fit in respect
               of the Charged Property and/or income in respect of which he was
               appointed in the name of any of the Charging Companies or
               otherwise including proceedings for recovery of rent or other
               monies in arrear at the date of his appointment;

          13.3.7 to enter into or make any such agreement, arrangement or
               compromise as he shall think fit;

          13.3.8 to insure the Charged Property as he shall think fit or as the
               Security Trustee shall direct and renew any insurances;

          13.3.9 to appoint and employ such managers, officers and workmen and
               engage such professional advisers as he shall think fit including
               without prejudice to the generality of the foregoing power to
               employ his partners and firm;

          13.3.10 to operate any rent review clause in respect of any property
               in respect of which he was appointed or any part thereof and to
               apply for any new or extended lease;

          13.3.11 to do all such other things as may seem to him to be
               incidental or conducive to any other power vested in him in the
               realisation of the security hereby constituted.

     13.4 In making any sale or other disposal in the exercise of their
          respective powers the Receiver or the Security Trustee (on behalf of
          the Security Beneficiaries) may accept as and by way of consideration
          for such sale or other disposal cash, shares, loan capital or other
          obligations including, without limitation, consideration fluctuating
          according to or dependent upon profit or turnover and consideration
          the amount whereof is to be determined by a third party. Any such
          consideration may be receivable in a lump sum or by instalments and
          upon receipt by the Receiver shall ipso facto be and become charged
          with the payment of the Secured Obligations. Any contract for any such
          sale or other disposal by the Receiver or the Security Trustee may
          contain conditions excluding or restricting the personal liability of
          the Receiver, and the Security Trustee and/or the Security
          Beneficiaries.

     13.5 All monies received by the Security Trustee or by any Receiver
          appointed under this Deed shall (subject to the rights and claims of
          any person having a security ranking in priority to the security
          constituted by this Deed) be applied in the following order:-

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          13.5.1 in satisfaction of the costs, charges and expenses of and
               incidental to the Receiver's appointment and the payment of his
               remuneration;

          13.5.2 in the payment and discharge of any liabilities incurred by the
               Receiver on the Charging Companies' behalf in the exercise of any
               of the powers of the Receiver;

          13.5.3 in providing for the matters (other than the remuneration of
               the Receiver) specified in the first three paragraphs of
               sub-section (8) of Section 109 of the Act;

          13.5.4 in or towards the satisfaction of the Secured Obligations and
               all the other obligations of the Charging Companies under this
               Deed; and any surplus shall be paid to the Charging Companies or
               other person entitled thereto. The provisions of this Clause 13.5
               and Clause 13.7 shall take effect as and by way of variation and
               extension to the provisions of the said Section 109 which
               provisions as so varied and extended shall be deemed incorporated
               herein.

     13.6 Every Receiver so appointed shall be deemed at all times and for all
          purposes to be the agent of the Charging Companies and (subject to the
          provisions of the Companies Act 1985 and the Insolvency Act 1986) the
          Charging Companies shall be solely responsible for his acts and
          defaults (except for wilful acts of default and recklessness) and for
          the payment of his remuneration.

     13.7 Every Receiver so appointed shall be entitled to remuneration for his
          services at a rate to be fixed by agreement between him and the
          Security Trustee (or failing such agreement to be fixed by the
          Security Trustee) appropriate to the work and responsibilities
          involved upon the basis of charging from time to time adopted in
          accordance with his current practice or the current practice of his
          firm and without being limited to the maximum rate specified in
          Section 109(6) of the Act.

     13.8 Only monies actually paid by any such Receiver to the Security Trustee
          in satisfaction or discharge of the Secured Obligations shall be
          capable of being applied by the Security Trustee in satisfaction
          thereof.

     13.9 All or any of the powers, authorities and discretions which are
          conferred by this Deed either expressly or impliedly by or upon a
          Receiver may be exercised by the Security Trustee in relation to the
          whole of the Charged Property or any part thereof or notwithstanding
          the appointment of a Receiver of such property or any part thereof.

14.  POWER OF ATTORNEY

     14.1 Each of the Charging Companies hereby irrevocably appoints:-

          14.1.1 the Security Trustee;

          14.1.2 each and every person to whom the Security Trustee shall from
               time to time have delegated the exercise of the power of attorney
               conferred by this Clause; and

          14.1.3 any Receiver appointed hereunder and for the time being holding
               office as such,

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                                                                              19

<PAGE>

          severally to be its attorney and on its behalf and in its name or
          otherwise to execute and do all such assurances, acts and things which
          may be required (or which the Security Trustee or any Receiver
          appointed hereunder shall consider requisite) for the protection of
          any security created hereunder and following the occurrence of an
          Event of Default or a Potential Event of Default and for carrying out
          any obligation imposed on any of the Charging Companies by or pursuant
          to this Deed including (without prejudice to the generality of the
          foregoing) generally for enabling the Security Trustee and the
          Receiver to exercise their respective powers conferred on them by this
          Deed or by the Act or the Insolvency Act 1986. The Security Trustee
          shall have full power to delegate the power conferred on it by this
          Clause but no such delegation by the Security Trustee to any person
          shall preclude the subsequent exercise of such power by the Security
          Trustee itself or any subsequent delegation thereof by the Security
          Trustee to any other person; and the Security Trustee may revoke any
          such delegation at any time.

     14.2 Each of the Charging Companies hereby ratifies and confirms and agrees
          to ratify and confirm whatever such attorney as is mentioned in Clause
          14.1 shall lawfully do or in good faith purport to do in the exercise
          or purported exercise of all or any of the powers, authorities and
          discretions referred to in Clause 14.1.

     14.3 The power of attorney hereby granted is as regards any such Receiver
          (and as each of the Charging Companies hereby acknowledges) granted
          irrevocably and for value as part of the security constituted by this
          Deed to secure proprietary interests of and the performance of
          obligations owed to the respective donees within the meaning of the
          Powers of Attorney Act 1971.

15.  PROTECTION OF THIRD PARTIES

     No person dealing with the Security Trustee or with any Receiver of the
     Charged Property or any part thereof appointed by the Security Trustee or
     with any delegate or sub-delegate of the Security Trustee shall be
     concerned to enquire whether any event has happened upon which any of the
     powers, authorities and discretions conferred by or pursuant to this Deed
     in relation to the Charged Property or any part thereof are or may be
     exercisable by the Security Trustee or by any such Receiver, delegate or
     sub-delegate or otherwise as to the propriety or regularity of acts
     purporting or intended to be in exercise of any such powers and all the
     protection to purchasers contained in Sections 104 and 107 of the Act and
     Section 42(3) of the Insolvency Act 1986 shall apply to any person
     purchasing from or dealing with the Security Trustee or any such Receiver,
     delegate or sub-delegate in like manner as if the statutory powers of sale
     and of appointing a Receiver in relation to the Charged Property had not
     been varied or extended by this Deed.

16.  NEW ACCOUNTS

     If any of the Security Beneficiaries shall at any time receive notice
     (whether actual or otherwise) of any subsequent Security Interest other
     than a Permitted Security Interest affecting the Charged Property or any
     part of it, the relevant Security Beneficiary may open a new account or
     accounts for any of the Charging Companies in its books and if it does not
     in fact open any such new account then, unless the relevant Security
     Beneficiary gives written notice to the relevant Charging Company to the
     contrary, the relevant Security Beneficiary shall nevertheless be treated
     as if it had in fact done so at the time when it received or was deemed to
     have received such notice. As from that time and unless such written notice
     shall be given to any of the Charging Companies, all payments by or on
     behalf of such Charging Company to the relevant Security Beneficiary shall
     be credited, or treated as having been credited, to a new account of such
     Charging Company and shall not operate to reduce such

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                                                                              20

<PAGE>

     Charging Company's indebtedness and other liabilities to the relevant
     Security Beneficiary at the time when the relevant Security Beneficiary
     received or was deemed to have received such notice.

17.  RIGHTS AS BETWEEN EACH CHARGING COMPANY, THE OTHER CHARGING COMPANIES AND
     THE SECURITY TRUSTEE (ON BEHALF OF THE SECURITY BENEFICIARIES)

     It is hereby agreed and declared by each Charging Company that:-

     17.1 As between such Charging Company and the Security Trustee the property
          hereby charged by such Charging Company shall so far as concerns the
          Security Trustee be deemed to be a primary and principal security
          (notwithstanding that the property is hereby charged by such Charging
          Company by way of collateral security only) and accordingly such
          Charging Company shall not be released or discharged nor shall the
          security constituted by or pursuant to this Deed be impaired, affected
          or revoked by any act, omission, transaction, limitation, matter,
          thing or circumstance whatsoever which but for this provision might
          operate to release or exonerate such Charging Company or all or any
          part of the security constituted by or pursuant to this Deed or
          reduce, impair or affect such security or cause all or any part of the
          Secured Obligations to be irrecoverable from or unenforceable against
          the Charging Companies or any other person or to discharge, reduce,
          affect or impair the security constituted by or pursuant to this Deed,
          including without limitation:-

          17.1.1 any time, waiver or indulgence granted to any of the Charging
               Companies or any other person or the forbearance of the Security
               Trustee in enforcing the obligations of any of the Charging
               Companies or any other person under the Facilities Agreement or
               hereunder or in respect of any other guarantee, security,
               obligation, right or remedy;

          17.1.2 the recovery of any judgment against any of the Charging
               Companies or any other person or any action to enforce the same;

          17.1.3 the taking of any other security from any of the Charging
               Companies or any other person or the variation, compromise,
               renewal or release of, or the failure, refusal or neglect to
               take, perfect or enforce, any rights, remedies or securities from
               or against any of the Charging Companies or any other person;

          17.1.4 any alteration in the constitution of any of the Charging
               Companies or any defect in or irregular exercise of the powers of
               any of the Charging Companies (including, without limitation the
               borrowing powers of the Charging Companies) or any other person
               or any legal limitations, disability, incapacity or other
               circumstances relating to any of the Charging Companies or any
               other person;

          17.1.5 subject as hereinafter provided, notwithstanding any amendment
               or supplement to or variation of the Facilities Agreement, the
               Security Documents or any other document or security whether or
               not the same shall increase the amount of the Facilities or the
               amount of any sums payable to the Security Trustee (on behalf of
               the Security Beneficiaries) and without prejudice to anything
               else herein contained, this Deed shall be a continuing security
               for any such increased amount or liability;

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                                                                              21

<PAGE>

          17.1.6 the insolvency, bankruptcy, liquidation or reorganisation of,
               or analogous proceedings relating to any of the Charging
               Companies or any other person or any composition or arrangement
               made by any of them with the Security Trustee and/or the Security
               Beneficiaries or any other person or any transfer or extinction
               of any liabilities of any of the Charging Companies or any other
               person by any law, order, regulation, decree, court order or
               similar instrument; or

          17.1.7 any irregularity, unenforceability or invalidity of any
               obligations of any of the Charging Companies or any other person
               under any security or document (including this Deed) (to the
               intent that the security constituted by or pursuant to this Deed
               shall remain in full force and this Deed be construed accordingly
               as if there were no such irregularity, unenforceability or
               invalidity);

          and so that as a separate and independent stipulation all sums,
          obligations and liabilities the payment and discharge of which is
          expressed to be secured by this Deed which may not be recoverable from
          another Charging Company by reason of any act, omission, transaction,
          limitation, matter, thing or circumstance whatsoever shall
          nevertheless be recoverable from such Charging Company as though the
          same had been incurred by such Charging Company and such Charging
          Company was the sole or principal debtor in respect thereof.

     17.2 Until all sums and liabilities intended to be secured by these
          presents have been paid off and satisfied in full, such Charging
          Company will not, unless the Security Trustee shall otherwise consent
          or, in the case of Clause 17.2.2 and 17.2.3 direct:-

          17.2.1 exercise any right of subrogation or contribution or any other
               right or remedy which it may have in respect of any sum recovered
               under these presents and so that all claims and other rights and
               remedies it may have against any of the Charging Companies in
               relation thereto (including, except to the extent required by the
               mandatory provisions of any applicable laws, any right of set-off
               or counterclaim) shall be subject and subordinate to the prior
               payment and satisfaction in full to the Security Trustee for the
               benefit of the Security Beneficiaries of all sums and liabilities
               expressed to be hereby secured;

          17.2.2 at any time after the security constituted by these presents
               has become enforceable and while it remains so, claim or receive
               payment of any monies due to it by any of the Charging Companies
               or exercise any other right or remedy (including, except to the
               intent required by the mandatory provisions of any applicable
               laws, any rights of set-off or counterclaim);

          17.2.3 subject to the terms of the Intercreditor Agreement prove in
               any liquidation, bankruptcy, insolvency, reorganisation or
               analogous proceedings relating to any of the Charging Companies
               in competition with the Security Trustee or the Security
               Beneficiaries for any sums or liabilities owing or incurred to it
               by any of the Charging Companies;

          17.2.4 be entitled to the benefit of any security held by or on behalf
               of the Security Trustee in respect of any sums and liabilities
               expressed to be secured by these presents;

          17.2.5 take or hold security from any of the Charging Companies.

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                                                                              22

<PAGE>

          Any monies received and any security taken or held by a Charging
          Company such as is referred to in this sub-clause 17.2 and whether
          with or without the consent of the Security Trustee and whether or not
          in breach of the provisions of this Clause 17.2 shall be held by such
          company in trust to pay or hold the same for the Security Trustee in
          or towards discharge or, as the case may be, as security for the
          liabilities hereby secured.

     17.3 The Security Trustee (on behalf of the Security Beneficiaries) shall
          be entitled to enforce the security constituted by these presents
          against any one or more of the Charging Companies without making any
          demand on or taking any proceedings against any of the other Charging
          Companies or any other person or exhausting any right or remedy
          against any of the Charging Companies or any other person or taking
          any action to enforce any part of the security constituted by any of
          the other Security Documents or any other guarantee or security and so
          that the Security Trustee shall be at liberty but not bound to resort
          to any other means of payment at any time and in any order as the
          Security Trustee thinks fit without thereby diminishing or affecting
          the security constituted by these presents and the security
          constituted by these presents may be enforced either for the payment
          of the ultimate balance after other means of payment have been
          resorted to or for the balance due at any time, notwithstanding that
          other means of payment have not been resorted to and, in the latter
          case, without entitling any Charging Company to any benefit from
          and/or any right of contribution in respect of such other means of
          payment until all sums and liabilities expressed to be secured by
          these presents have been finally paid off or satisfied in full.

     17.4 The security constituted by these presents is in addition to and is
          not to prejudice or affect or be prejudiced or affected by:-

          17.4.1 any other guarantee, security or lien for the sums and
               liabilities intended to be hereby secured which is or are now or
               may thereafter be held by any of the Security Beneficiaries from
               any Charging Company or any other person; or

          17.4.2 by the omission of the Security Trustee or Security
               Beneficiaries to take any such security.

     17.5 Any dividends or payment received by or on behalf of the Security
          Trustee in respect of the sums and liabilities expressed to be secured
          by these presents in any insolvency, bankruptcy, liquidation,
          reorganisation or similar proceedings, shall for the purposes of this
          Deed be taken to discharge those sums and liabilities only to the
          extent of the actual amount so received and so that the Security
          Trustee (on behalf of the Security Beneficiaries) may prove in any
          insolvency, bankruptcy, liquidation, reorganisation or similar
          proceedings of the Charging Company concerned for the full amount then
          owing to it.

18.  CONSOLIDATION OF ACCOUNTS AND SET-OFF

     In addition to any general lien or similar right to which it may be
     entitled by operation of law, each of the Security Beneficiaries shall have
     the right at any time after the security hereby constituted has become
     enforceable and while it remains so and without notice to the Charging
     Companies (as well before as after making any demand hereunder) to combine
     or consolidate all or any of the Charging Companies' then existing accounts
     (including the Collections

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                                                                              23

<PAGE>

     Account) with and liabilities to them and to set-off or transfer any sum or
     sums standing to the credit of any one or more of such accounts (including
     the Collections Account) in or towards satisfaction of any of the
     liabilities of all or any of the Charging Companies to the Security
     Beneficiaries on any other account or in any other respect. The liabilities
     referred to in this Clause may be actual, contingent, primary, collateral,
     several or joint liabilities, and the accounts, sums and liabilities
     referred to in this Clause may be denominated in any currency. The
     existence of the floating charge contained in Clause 4.3 hereof over the
     proceeds of collection of any Receivables will not prejudice the right
     contained in this Clause 18 to combine or consolidate accounts.

19.  CURRENCY

     19.1 All monies received or held by the Security Trustee or any Receiver
          under this Deed may be converted into such other currency as the
          Security Trustee or Receiver considers necessary or desirable to cover
          the obligations and liabilities comprised in the Secured Obligations
          in that other currency at the Security Trustee's spot rate of exchange
          then prevailing for purchasing that other currency with the existing
          currency.

     19.2 No payment to the Security Trustee (whether under any judgement or
          court order or otherwise) shall discharge the obligation or liability
          of the relevant Charging Company in respect of which it was made
          unless and until the Security Trustee shall have received payment in
          full in the currency in which the obligation or liability was incurred
          and to the extent that the amount of any such payment shall on actual
          conversion into such currency fall short of such obligation or
          liability expressed in that currency the Security Trustee shall have a
          further separate cause of action against the relevant Charging Company
          and shall be entitled to enforce the security constituted by this Deed
          to recover the amount of the shortfall.

20.  SUSPENSE ACCOUNT

     All monies received, recovered or realised by the Security Trustee under
     this Deed may in the discretion of the Security Trustee be credited to any
     suspense or impersonal account and may be held in such account for so long
     as the Security Trustee thinks fit (with interest accruing thereon at such
     rate, if any, as the Security Trustee may deem fit for the account of the
     relevant Charging Company) pending their application from time to time (as
     the Security Trustee shall be entitled to do in its discretion) in or
     towards the discharge of any of the Secured Obligations.

21.  TIME AND INDULGENCES

     21.1 The Security Trustee may at any time or times without discharging or
          in any way affecting the security created by or pursuant to this Deed
          or any remedy in respect of such security, grant to any of the
          Charging Companies time or indulgence or abstain from asserting,
          calling, exercising or enforcing any remedies, securities, guarantees
          or other rights which it may now or hereafter have from or against any
          of the Charging Companies.

     21.2 The Security Trustee may in its discretion grant time or other
          indulgence, or make any other arrangement, variation or release with,
          any person or persons not party hereto (whether or not such person or
          persons are jointly liable with the Charging Companies) in respect of
          any of the Secured Obligations or of any other security therefor or
          guarantee in respect thereof without prejudice either to the security
          constituted by or pursuant to this Deed or to the liability of the
          Charging Companies for the Secured Obligations or the exercise by the
          Security Trustee of any rights, remedies and privileges conferred upon
          it by this Deed.

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                                                                              24

<PAGE>

22.  REMEDIES, WAIVERS, AMENDMENTS AND CONSENTS

     22.1 No failure on the part of the Security Trustee or any Receiver to
          exercise, and no delay on its part or their part in exercising, any
          right or remedy under this Deed will operate as a waiver thereof, nor
          will any single or partial exercise of any right or remedy preclude
          any other or further exercise thereof or the exercise of any other
          right or remedy. The rights and remedies provided in this Deed are
          cumulative and not exclusive of any rights and remedies provided by
          law.

     22.2 Any provision of this Deed may be amended only if the Security Trustee
          and the Charging Companies so agree in writing and any breach hereof
          may be waived before or after it occurs only if the Security Trustee
          so agrees in writing. Any such waiver, and any consent by the Security
          Trustee under any provision of this Deed, must be in writing and may
          be given subject to any conditions thought fit by the Security
          Trustee. Any waiver or consent shall be effective only in the instance
          and for the purpose for which it is given.

23.  EXPENSES

     The Charging Companies agree to pay to the Security Trustee on demand (on a
     full indemnity basis) all costs, charges, expenses and other sums properly
     incurred or to be incurred by the Security Trustee or the Security
     Beneficiaries or by or through any Receiver, attorney, delegate,
     sub-delegate, substitute or agent of the Charging Companies, or the
     Security Trustee for any of the purposes referred to in this Deed relating
     to or in connection with the security over the Charged Property including
     (without prejudice to the generality of the foregoing):-

     23.1 all liabilities resulting from any delay in paying any stamp duty,
          value added tax or other similar taxes imposed on the Charged Property
          or in connection with any of the transactions contemplated by this
          Deed and all liabilities resulting from any delay in paying any such
          taxes;

     23.2 the remuneration of any such Receiver, attorney, delegate,
          sub-delegate, substitute or agents of the Charging Companies and of
          any other servants or agents employed by the Security Trustee for any
          purposes connected with the enforcement or attempted enforcement of
          this Deed or the protection preservation realisation or attempted
          protection or preservation of the Charged Property; and

     23.3 all costs charges and expenses (whether in respect of litigation or
          not) and incurred in the protection, realisation or enforcement of
          this Deed or the collection and recovery of any monies from time to
          time arising under such security (or any security collateral or
          supplemental thereto) or in insuring, inspecting, maintaining,
          completing, managing, letting, realising or exercising any other
          power, authority or discretion in relation to the Charged Property or
          any part thereof incurred under this Deed;

     to the intent that subject as provided herein the Security Trustee shall be
     afforded a full and unlimited indemnity in respect thereof.

24.  PROVISIONS SEVERABLE

     Every provision contained in this Deed shall be severable and distinct from
     every other such provision and if at any time any one or more of such
     provisions is or becomes invalid, illegal

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                                                                              25

<PAGE>

     or unenforceable, the validity, legality and enforceability of the
     remaining such provisions shall not in any way be affected thereby.

25.  AVOIDANCE OF PAYMENTS

     25.1 No assurance, security or payment which may be avoided under any law
          relating to bankruptcy, insolvency or winding-up (including Sections
          238, 239, 244 or 245 of the Insolvency Act 1986), and no release,
          settlement or discharge given or made by the Security Trustee (on
          behalf of the Security Beneficiaries) on the faith of any such
          assurance, security or payment, shall prejudice or affect the right of
          the Security Trustee to enforce the security created by or pursuant to
          this Deed to the full extent of the Secured Obligations.

     25.2 Any settlement or discharge between a Charging Company and any
          Security Beneficiary shall be conditional upon no security or payment
          to such Security Beneficiary by that Charging Company or any other
          person being avoided or set aside or ordered to be refunded or reduced
          by virtue of any provision or enactment relating to bankruptcy,
          insolvency or liquidation for the time being in force and accordingly
          (but without limiting the other rights of such Security Beneficiary
          hereunder), such Security Beneficiary shall be entitled to recover
          from that Charging Company the value which such Security Beneficiary
          has placed upon such security or the amount of any such payment as if
          such settlement or discharge had not occurred.

     25.3 Subject to Clause 25.2, upon all the Secured Obligations having been
          paid or discharged in full and all the Security Beneficiaries having
          ceased to have any further obligations under any Security Documents
          whether actual or contingent to make any credit or accommodation to
          any Group Company, the Security Trustee will, at the request and cost
          of the Charging Companies, immediately execute, reassign and/or do all
          such deeds, acts and things as may be reasonably necessary to release
          the Charged Property from the security and guarantees created by or
          pursuant to this Deed.

26.  DISCRETIONS

     26.1 Any liberty or power which may be exercised or any determination which
          may be made hereunder by the Security Trustee, as against the Charging
          Companies, may be exercised or made (unless otherwise expressly
          provided in this Deed or in the Facilities Agreement) in the absolute
          and unfettered discretion of the Security Trustee which shall not be
          under any obligation to give reasons therefor.

     26.2 In this Deed where any matter fact or opinion is qualified by the
          words "reasonable" or "material" or any variations thereof the
          determination by the Security Trustee of what is reasonable or
          material shall be binding on the Charging Companies unless the
          Charging Company concerned shows that such determination is
          unreasonable.

27.  ASSIGNMENT

     The Security Trustee shall have a full and unfettered right to assign the
     whole (but not part) of the benefit of this Deed to any person to whom the
     Security Beneficiaries have the right to assign their interest in the
     Facilities Agreement.

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<PAGE>

28.  INTERCREDITOR AGREEMENT AND FACILITIES AGREEMENT TO PREVAIL

     Where any provision in this Deed conflicts with a provision of the
     Intercreditor Agreement and/or the Facilities Agreement the terms of the
     Intercreditor Agreement shall prevail for so long as the same remains in
     force and thereafter the terms of the Facilities Agreement shall prevail
     for so long as the same remains in full force and effect. Any consent,
     waiver or concession granted under the Facilities Agreement shall also
     operate as a consent, waiver or concession hereunder. Where the context
     permits, the rights and remedies of the Security Trustee under the
     Facilities Agreement and the Intercreditor Agreement and this Deed are
     cumulative.

29.  NOTICES

     29.1 All communications to made hereunder shall be made in writing.

     29.2 Any notices, proceedings or other documents to be served on any of the
          Charging Companies pursuant to this Deed shall be addressed to it at
          its registered office for the attention of the Managing Director or at
          such other address as a Charging Company may hereafter advise the
          Security Trustee in writing.

     29.3 Any notice to the Security Trustee should be addressed if despatched
          by mail to the Security Trustee at 124 Colmore Row, Birmingham B3 3AU
          or at such other address as it may hereafter advise the other parties
          in writing.

     29.4 Any notice to any Charging Company shall be deemed to have been
          given:-

          29.4.1 if posted, on the second Business Day following the day on
               which it has been properly despatched by first class mail
               (airmail, if appropriate) postage prepaid; and

          29.4.2 if sent by facsimile transmission, on the Business Day on which
               transmitted or if sent after 5.00 p.m. at 9.30 a.m. on the next
               following business day or, in the case of a written notice lodged
               by hand, at the time of actual delivery thereof at the address
               referred to above.

     29.5 Any notice to the Security Trustee shall be deemed to have been given
          only on actual receipt by the Security Trustee and the Security
          Trustee will promptly acknowledge receipt of any such notice.

30.  LAW AND JURISDICTION

     This Deed shall be governed and construed in accordance with English law
     and the parties hereto hereby irrevocably submit to the non-exclusive
     jurisdiction of the English Courts.

31.  MEMORANDUM AND ARTICLES

     Each of the Charging Companies hereby certifies that its creation by this
     Deed of Security in favour of the Security Trustee (for the benefit of the
     Security Beneficiaries) does not contravene any of the provisions of their
     respective Memoranda and Articles of Association.

IN WITNESS whereof the Charging Companies have each duly executed this Deed the
day and the year first before written

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<PAGE>

                                 FIRST SCHEDULE

                             The Charging Companies

Company Name                           Registered No.   Registered Office
------------                           --------------   -----------------

DDI Europe Limited                     3731403          Green Lane, Tewkesbury,
                                                        Gloucestershire GL20 8DN

DDI Group Limited                      445250           Green Lane, Tewkesbury,
                                                        Gloucestershire GL20 8DN

Classical Circuits Limited             1034995          Green Lane, Tewkesbury,
                                                        Gloucestershire GL20 8DN

DDI Technologies Limited               1336602          Green Lane, Tewkesbury,
                                                        Gloucestershire GL20 8DN

Pretan Engineering Limited             2407995          Green Lane, Tewkesbury,
                                                        Gloucestershire GL20 8DN

Integrated Designs & Systems Limited   2624416          Green Lane, Tewkesbury,
                                                        Gloucestershire GL20 8DN

Dynamic Details Limited                3232495          Green Lane, Tewkesbury,
                                                        Gloucestershire GL20 8DN

Zlin Electronics Limited               1338479          Green Lane, Tewkesbury,
                                                        Gloucestershire GL20 8DN

DDI Precision Limited                  2900127          Green Lane, Tewkesbury,
                                                        Gloucestershire GL20 8DN

DDI International Limited              3328896          Green Lane, Tewkesbury,
                                                        Gloucestershire GL20 8DN

Thomas Walter Limited                  1415705          Green Lane, Tewkesbury
                                                        GL20 8DN

DDI Sales Limited                      03292688         Green Lane, Tewkesbury
                                                        GL20 8DN

Redlab Limited                         03367094         Green Lane, Tewkesbury
                                                        GL20 8DN

Krizantem Limited                      03366229         Green Lane, Tewkesbury
                                                        GL20 8DN

BWMP (Holdings) Limited                03085865         Green Lane, Tewkesbury
                                                        GL20 8DN

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<PAGE>

                               THE SECOND SCHEDULE

                                     Part I

                           Details of Registered Land

Property                                                          Title No.

Leasehold property at Unit 17 Alexandra Way, Ashchurch Business   GR164514
Centre, Tewkesbury, Gloucester

Leasehold property at 9 Harris Road also known as 32 Harris       WT177524
Road, Porte Marsh Industrial Estate, Calne, Wiltshire

Leasehold property at Woburn Road Industrial Estate, Postley      BD199250
Road, Kempston, Bedfordshire

                                     Part II

                          Details of Unregistered Land

Leasehold property at First Floor, Phase 4 Building Racal Site, Northway
Industrial Estate, Green Lane, Tewkesbury, Gloucester

Leasehold property at 214 Red Lion Road, Tolworth, Surbiton, Surrey

Leasehold property at 21-23 Harris Road, Porte Marsh Industrial Estate, Calne,
Wiltshire

Leasehold property at Unit C Belcon Industrial Estate, Bingley Road, Hoddesdon,
Hertfordshire

Leasehold property at Axis 10, John Tate Road, Foxholes Business Park, Hertford

Leasehold property at Unit 8, Harris Road, Porte Marsh Industrial Estate, Calne,
Wiltshire

Leasehold property at Unit 9, Harris Road, Porte Marsh Industrial Estate, Calne,
Wiltshire

Leasehold property at Unit 10, Harris Road, Porte Marsh Industrial Estate,
Calne, Wiltshire

Leasehold property at Unit 1, Harris Road, Porte Marsh Industrial Estate, Calne,
Wiltshire

Leasehold property at Unit 2, Harris Road, Porte Marsh Industrial Estate, Calne,
Wiltshire

Leasehold property at Unit 4, Harris Road, Porte Marsh Industrial Estate, Calne,
Wiltshire

Leasehold property at Unit 5, Harris Road, Porte Marsh Industrial Estate, Calne,
Wiltshire

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<PAGE>

                               THE THIRD SCHEDULE

                                  The Guarantee

1.   The Guarantee is to be a continuing security for the whole amount now due
     or owing to the Security Trustee (on behalf of the Security Beneficiaries)
     or which may hereafter at any time become due or owing to the Security
     Trustee (on behalf of the Security Beneficiaries) as provided for in Clause
     2 (including any and all liabilities interest and bank charges arising
     pursuant to and in connection therewith). References in this Schedule to
     payments of sums owing to or security held by or rights of the Security
     Trustee are references to the Security Trustee on its own behalf and on
     behalf of the Security Beneficiaries.

2.   For all purposes of the liability of the Charging Companies and each of
     them to the Security Trustee (on behalf of the Security Beneficiaries)
     under the Guarantee (including in particular but without prejudice to the
     generality of the foregoing the liability of the Charging Companies for
     interest) every sum of money which may now be or which hereafter may from
     time to time become due or owing to the Security Trustee (on behalf of the
     Security Beneficiaries) (or would have become so due or owing were it not
     for the winding up of any other company) shall be deemed to continue due
     and owing to the Security Trustee (on behalf of the Security Beneficiaries)
     until the same shall be actually repaid to the Security Trustee (on behalf
     of the Security Beneficiaries) notwithstanding the winding up of any
     company or any other event whatever.

3.   The Guarantee is to be in addition to and is not to prejudice or be
     prejudiced by any other securities or guarantees (including any guarantee
     signed by the Charging Companies or any of them) which the Security Trustee
     (on behalf of the Security Beneficiaries) or the Security Beneficiaries may
     now or hereafter hold on account of the Secured Obligations and is to be
     binding on the Charging Companies and each of them as a continuing security
     notwithstanding any payments from time to time made to the Security
     Trustee, (on behalf of the Security Beneficiaries) or the Security
     Beneficiaries or any settlement of account or any other thing whatsoever.

4.   The Guarantee is to be applicable to the ultimate balance that may become
     due to the Security Trustee (on behalf of the Security Beneficiaries) or
     the Security Beneficiaries from any Charging Company and until payment of
     such balance no Charging Company shall be entitled to participate in any
     security held or money received by the Security Trustee (on behalf of the
     Security Beneficiaries) on account of such balance or to stand in the place
     of the Security Trustee or any of the Security Beneficiaries in respect of
     any such security or money until all monies and liabilities hereby
     guaranteed have been paid or discharged in full.

5.   Any admission or acknowledgement in writing by a director of any Charging
     Company or any duly authorised person on behalf of any Charging Company of
     the amount of the indebtedness of the relevant Charging Company or of other
     matters relating to the Guarantee or any judgment or award of a competent
     court or tribunal in the United Kingdom or elsewhere obtained by the
     Security Trustee (on behalf of the Security Beneficiaries) or any of the
     Security Beneficiaries themselves against any or all of the Charging
     Companies or proof by the Security Trustee (on behalf of the Security
     Beneficiaries) or any of the Security Beneficiaries themselves in a winding
     up of a Charging Company which is admitted or, in the absence of manifest
     error, any statement of account furnished by the Security Trustee (on
     behalf of the Security Beneficiaries) or any of the Security Beneficiaries
     themselves (the correctness of which is certified by the Security Trustee),
     shall be prima facie evidence binding on the Charging Companies and each of
     them in the absence of proof to the contrary.

--------------------------------------------------------------------------------
                                                                              30

<PAGE>

6.   The Security Trustee (on behalf of the Security Beneficiaries) or any of
     the Security Beneficiaries themselves may without thereby affecting the
     rights of the Security Trustee (on behalf of the Security Beneficiaries) or
     any of the Security Beneficiaries themselves hereunder at any time and from
     time to time (whether before or after any demand for payment made by the
     Security Trustee under or any notice of determination of this Guarantee),
     refuse or grant (as the case may be) further credit or further financial
     facilities in addition to the Facilities to any Charging Company or the
     Charging Companies and the Security Trustee (on behalf of the Security
     Beneficiaries) or any of the Security Beneficiaries themselves may, without
     thereby affecting such rights, accept compositions from and make any other
     arrangements with any of the Charging Companies or any persons liable to
     the Security Trustee on behalf of the Security Beneficiaries or any of the
     Security Beneficiaries themselves in respect of securities held or to be
     held by the Security Trustee and enter into, give up and waive, modify,
     exchange or abstain from perfecting or taking advantage of or enforcing
     such securities, guarantees or other contracts or the proceeds of any of
     the foregoing, discharge any parties thereto and realise any securities in
     such manner as the Security Trustee may think expedient.

7.   In the event of any of the Charging Companies going into liquidation or
     being wound up or reconstructed or making any arrangement with its
     creditors, any dividends or payments which the Security Trustee (on behalf
     of the Security Beneficiaries) or any of the Security Beneficiaries
     themselves may receive from the Charging Companies or any of them or any
     other persons shall be taken and applied as payments in gross and shall not
     prejudice the right of the Security Trustee (on behalf of the Security
     Beneficiaries) or any of the Security Beneficiaries themselves to recover
     from the Charging Companies or any of them to the full extent of the
     Guarantee the ultimate balance which after the receipt of such dividends or
     payments may remain owing to the Security Trustee (on behalf of the
     Security Beneficiaries) or any of the Security Beneficiaries themselves by
     the Charging Companies and secured by the Guarantee.

8.   The Security Trustee (on behalf of the Security Beneficiaries) or any of
     the Security Beneficiaries themselves may without thereby affecting the
     rights of either of them hereunder at any time and from time to time at
     their absolute discretion release, discharge, compound with or otherwise
     vary or agree to vary the liability under the Guarantee of or make any
     other arrangements with the Charging Companies or any of them and no such
     release, discharge, composition, variation, agreement or arrangement shall
     prejudice or in any way affect the rights and remedies of the Security
     Trustee (on behalf of the Security Beneficiaries) or any of the Security
     Beneficiaries themselves against any other Charging Company.

9.   The Security Trustee (on behalf of the Security Beneficiaries) or any of
     the Security Beneficiaries themselves may without prejudice to any other
     rights they may have at any time and from time to time place and keep for
     such time as they may think prudent any monies received, recovered or
     realised under or by virtue of the Guarantee to or on a separate or
     suspense account (with interest accruing thereon at such rate, if any, as
     the Security Trustee may deem fit for the account of the relevant Charging
     Company) to the credit either of any Charging Company or any of the
     Security Beneficiaries selected by the Security Trustee without any
     intermediate obligation on the part of the Security Trustee or any of the
     Security Beneficiaries to apply the same or any part thereof in or towards
     the discharge of the monies due or owing to the Security Trustee or any of
     the Security Beneficiaries by the Charging Companies.

10.  In the event of the winding up of any of the Charging Companies, the
     Security Trustee (on behalf of the Security Beneficiaries) or any of the
     Security Beneficiaries themselves may, notwithstanding payment to the
     Security Trustee (on behalf of the Security Beneficiaries) or any of the
     Security Beneficiaries themselves by any Charging Company or any other
     person

--------------------------------------------------------------------------------
                                                                              31

<PAGE>

     of any part of the amount hereby guaranteed or any release, settlement,
     discharge or arrangement made or given by the Security Trustee (on behalf
     of the Security Beneficiaries) or any of the Security Beneficiaries
     themselves, rank as creditor and prove in the liquidation of the relevant
     Charging Company for the full amount of the claim of the Security Trustee
     (on behalf of the Security Beneficiaries) or any of the Security
     Beneficiaries and the Security Trustee (on behalf of the Security
     Beneficiaries) or any of the Security Beneficiaries may and shall receive
     and retain the whole of the dividends to the exclusion of the rights (if
     any) of the Charging Companies or any of them in competition with the
     Security Trustee (on behalf of the Security Beneficiaries) or any of the
     Security Beneficiaries themselves until such claim is fully satisfied.

     10.1 No assurance, security or payment which may be avoided under Sections
          238, 239 or 245 of the Insolvency Act 1986 or any of such sections and
          no release, settlement, discharge or arrangement which may have been
          given or made on the faith of any such assurance security or payment
          shall prejudice or affect the right of the Security Trustee (on behalf
          of the Security Beneficiaries) or the Security Beneficiaries
          themselves to recover from the Charging Companies or any of them to
          the full extent of the Guarantee as if such assurance, security,
          payment, release, settlement, discharge or arrangement (as the case
          may be) had never been granted given or made.

     10.2 Any settlement or discharge between a Charging Company and any
          Security Beneficiary shall be conditional upon no security or payment
          to such Security Beneficiary by that Charging Company or any other
          person being avoided or set aside or ordered to be refunded or reduced
          by virtue of any provision or enactment relating to bankruptcy,
          insolvency or liquidation for the time being in force and accordingly
          (but without limiting the other rights of such Security Beneficiary
          hereunder), such Security Beneficiary shall be entitled to recover
          from that Charging Company the value which such Security Beneficiary
          has placed upon such security or the amount of any such payment as if
          such settlement or discharge has not occurred.

     10.3 Subject to Clause 10.2 upon all the Secured Obligations having been
          paid or discharged in full and all the Security Beneficiaries having
          ceased to have any further obligations under any Security Documents
          whether actual or contingent to make any credit or accommodation to
          any Group Company, the Security Trustee will, at the request and cost
          of the Charging Companies, immediately execute, reassign and/or do all
          such deeds, acts and things as may be reasonably necessary to release
          the Charged Property from the security and guarantees created by or
          pursuant to this Deed.

     10.4 Any release, settlement, discharge or arrangement shall as between the
          Security Trustee (on behalf of the Security Beneficiaries) (on the one
          hand) and the Charging Companies and each of them (on the other hand)
          be deemed to have been given or made upon the express condition that
          it shall become and be wholly void and of no effect if the assurance,
          security or payment on the faith of which it was made or given shall
          at any time thereafter be avoided under any of the before-mentioned
          statutory provisions to the intent and so that the Security Trustee
          (on behalf of the Security Beneficiaries) shall become and be entitled
          at any time after any such avoidance to exercise all or any of the
          rights in the Guarantee expressly conferred upon the Security Trustee
          (on behalf of the Security Beneficiaries) and all or any other rights
          which by virtue and as a consequence of the Guarantee the Security
          Trustee (on behalf of the Security Beneficiaries) would have been
          entitled to exercise but for such release, settlement, discharge or
          arrangement.

     10.5 The Charging Companies and each of them agree that such Guarantee
          shall be deemed to have been and to have remained held by the Security
          Trustee (on behalf of

--------------------------------------------------------------------------------
                                                                              32

<PAGE>

          the Security Beneficiaries) as and by way of security for the payment
          to the Security Trustee (on behalf of the Security Beneficiaries) of
          all or any sums which shall or may become due and owing to the
          Security Trustee (on behalf of the Security Beneficiaries) from and by
          the Charging Companies or any of them either under and by virtue of
          the terms and conditions of the Guarantee in the event of and upon or
          after any avoidance of any assurance, security or payment under the
          said sections of the Insolvency Act 1986 or any of such sections or
          under or as a consequence of any Order (if any) made under Sections
          238 and/or 239 of the Insolvency Act 1986.

11.  Each Charging Company agrees and consents to be bound by the Guarantee
     notwithstanding that any other Charging Company which was intended to
     execute these presents or any other company which was or is to undertake
     liability co-extensive with any liability assumed by a Charging Company
     hereunder, may not do so, or that any Charging Company or any other company
     may be subsequently released from or found not be bound by the same.

12.  As a separate and independent stipulation and without prejudice to anything
     else herein, the Charging Companies and each of them agree that all sums of
     money which have become due hereunder and which may not be recoverable from
     the Charging Companies or any of them on the footing of a guarantee whether
     by reason of any legal limitation on or disability or incapacity of any
     company or any other fact or circumstance and whether known to the Security
     Trustee and/or the Security Beneficiaries or not shall as to an equivalent
     amount thereof nevertheless be recoverable from the Charging Company or
     Charging Companies concerned as sole or principal debtor or debtors in
     respect thereof and shall be paid on demand in writing made by the Security
     Trustee and the Charging Companies hereby indemnify the Security Trustee
     and the Security Beneficiaries on demand, from and against any loss they
     may incur as a result of having now or hereafter made available any monies
     to the Charging Companies or having now or hereafter incurred any
     obligation on behalf of or at the request of the Charging Companies.

--------------------------------------------------------------------------------
                                                                              33

<PAGE>

EXECUTED as a DEED (but not                  )
delivered until the date hereof) by          )
DDI EUROPE LIMITED                           )
acting by:

                                             Director             M Malone

                                             Director/Secretary   P Glanfield

EXECUTED as a Deed (but not                  )
delivered until the date hereof)             )
by DDI GROUP LIMITED                         )
acting by:                                   )

                                             Director                M Malone

                                             Director/Secretary      P Fowler

EXECUTED as a Deed (but not                  )
delivered until the date hereof)             )
by CLASSICAL CIRCUITS LIMITED                )
acting by:                                   )

                                             Director                M Malone

                                             Director/Secretary      P Fowler

EXECUTED as a Deed (but not                  )
delivered until the date hereof)             )
by DDI TECHNOLOGIES LIMITED                  )
acting by:                                   )

                                             Director                M Malone

                                             Director/Secretary      P Fowler

--------------------------------------------------------------------------------
                                                                              34

<PAGE>

EXECUTED as a Deed (but not                  )
delivered until the date hereof)             )
by PRETAN ENGINEERING LIMITED                )
acting by:                                   )

                                             Director                M Malone

                                             Director/Secretary      P Fowler

EXECUTED as a Deed (but not                  )
delivered until the date hereof)             )
by INTEGRATED DESIGNS & SYSTEMS              )
LIMITED acting by:                           )

                                             Director                M Malone

                                             Director/Secretary      P Fowler

EXECUTED as a Deed (but not                  )
delivered until the date hereof)             )
by DYNAMIC DETAILS LIMITED                   )
acting by:                                   )

                                             Director                M Malone

                                             Director/Secretary      P Fowler

EXECUTED as a Deed (but not                  )
delivered until the date hereof)             )
by ZLIN ELECTRONICS LIMITED                  )
acting by:                                   )

                                             Director                M Malone

                                             Director/Secretary      P Fowler

--------------------------------------------------------------------------------
                                                                              35

<PAGE>

EXECUTED as a Deed (but not                  )
delivered until the date hereof)             )
by DDI PRECISION LIMITED acting by:          )
                                             )

                                             Director                M Malone

                                             Director/Secretary      P Fowler

EXECUTED as a Deed (but not                  )
delivered until the date hereof)             )
by DDI INTERNATIONAL LIMITED                 )
acting by:                                   )

                                             Director                M Malone

                                             Director/Secretary      P Fowler

EXECUTED as a Deed (but not                  )
delivered until the date hereof)             )
by THOMAS WALTER LIMITED                     )
acting by:                                   )

                                             Director                M Malone

                                             Director/Secretary      M Glanfield

EXECUTED as a Deed (but not                  )
delivered until the date hereof)             )
by DDI SALES LIMITED                         )
acting by:                                   )

                                             Director                M Malone

                                             Director/Secretary      P Fowler

--------------------------------------------------------------------------------
                                                                              36

<PAGE>

EXECUTED as a Deed (but not                  )
delivered until the date hereof)             )
by REDLAB LIMITED                            )
acting by:                                   )

                                             Director                M Malone

                                             Director/Secretary      M Glanfield

EXECUTED as a Deed (but not                  )
delivered until the date hereof)             )
by KRIZANTEM LIMITED                         )
acting by:                                   )

                                             Director                M Malone

                                             Director/Secretary      M Glanfield

EXECUTED as a Deed (but not                  )
delivered until the date hereof)             )
by BWMP (HOLDINGS) LIMITED                   )
acting by:                                   )

                                             Director                M Malone

                                             Director/Secretary      M Glanfield

SIGNED as a deed by Andrew Morris            )
as duly appointed attorney of                )
The Governor and Company of                  )        A Morris
the Bank of Scotland                         )
in the presence of:                          )

Michael I Winning
Victoria Square House
Victoria Square
Birmingham
B2 4DL

Solicitor

--------------------------------------------------------------------------------
                                                                              37<PAGE>
                                                                   EXHIBIT 10.30
                               AMENDMENT TO LEASE
                               ------------------

     THIS AMENDMENT TO LEASE ("Amendment") is dated as of this 9th day of
November, 2001, by and between D&D TAROB PROPERTIES, LLC, a California limited
liability company ("Lessor"), and, DYNAMIC DETAILS INCORPORATED SILICON VALLEY,
a Delaware corporation, formerly known as Dynamic Circuits, Inc., a Delaware
Corporation ("Lessee"), who agree as follows:

     1.   Recital. This Agreement is made with reference to the following facts
          -------
and objectives:

          A. Mercury Partners 30, Inc. and Dynamic, Circuits Inc. entered into
that certain Standard Industrial/Commercial Multi-Lease Agreement dated March
20, 1997 ("Lease"), for the lease of approximately 32,025 square feet of space
located at 1988 Tarob Court, Milpitas, California, which is more particularly
described in the Lease ("Premises").

          B. The term of the Lease was for five (5) years commencing on August
1, 1997, and expiring on July 31, 2002. Additionally, Lessee has one (1) option
to extend the term of the Lease for five (5) years subject to determination of
the prevailing rental rate ("Renewal Option").

          C. Lessee desires to exercise the Renewal Option and extend the term
of the Lease for an additional five (5) years, whereby the extended term will
commence August 1, 2002, and terminate on July 31, 2007.

     2. Extension of Term. The original term of the Lease is hereby extended by
        -----------------
the exercise of the Renewal Option for a period of five (5) additional years,
whereby the extended term shall commence on August 1, 2002, and shall terminate
on July 31, 2007 ("Extended Term").

     3. Base Rent Schedule During Extended Term. The following is added to the
        ---------------------------------------
end of Section 50 of the Lease:

     "The following monthly triple net Base Rent shall apply during the Extended
Term of this Lease:

                 Months                  Monthly Base Rent
                 ------                  -----------------
                 01 - 12                     $60,847.50
                 13 - 24                     $63,281.40
                 25 - 36                     $65,812.66
                 37 - 48                     $68,445.16
                 49 - 60                     $71,182.97"

     4. Condition of Premises. Lessee has inspected the Premises and
        ---------------------
acknowledges that the Premises are in good condition and accepts the same on an
"As Is" basis.

                                       D&D Tarob Properties, LLC/DDI Corporation
                                                    Extension Amendment to Lease

<PAGE>

     5.   Option to Extend. In recognition that Lessee has duly executed its
          ----------------
right to extend the Lease under Section 55 of the Lease, Section 55 of the Lease
entitled "Option to Renew is hereby deleted in its entirety and replaced with a
new Section 55 which reads in its entirety as follows:

         "a.) Option to Extend. Provided that Lessee has not assigned Lessee's
              ----------------
interest in the Lease or subleased the Premises (or any portion thereof,
excepting paragraph 67 herein) and subject to the conditions of paragraph 39
under the Lease, Lessee, shall have the option to extend ("Option to Extend")
the Term of the Lease for one (1) period of five (5) years ("Second Extended
Term") on the terms and conditions provided herein, except with regard to the
amount of the Base Rent and adjustments, as described below. Lessee shall
exercise the Option to Extend, if at all, by giving written notice (the "Option
Notice") to Lessor at least six (6) months, but no more than twelve (12) months
prior to the expiration date of the Extended Term of this Lease. If Lessee fails
to exercise the Option to Extend by giving the Option Notice to Lessor on or
before a date which is twelve (12) months to six (6) months prior to the
expiration of the Extended Term, the Option to Extend will be deemed to have
been waived by Lessee. If Lessee is in default under the terms and provisions of
the Lease on the date of giving the Option Notice, and such default is not cured
within the applicable cure period, the Option Notice, at Lessor's sole
election, shall be totally ineffective; and if Lessee is in default of any terms
or provisions of the Lease on the date the Second Extended Term is to commence,
which default is not cured within the applicable cure period, then at Lessor's
sole election, the Second Extended Term shall not commence and this Lease shall
expire at the termination of the Extended Term of this Lease. The Base Rent
payable by Lessee to Lessor at the commencement of the Extended Term, and
adjustments to the Base Rent during the Extended Term shall be the then
prevailing market rental rate and adjustments for space of equivalent quality,
size, utility and location with the length of the Extended Term and the credit
standing of Lessee to be taken into account, as agreed to by Lessor and  Lessee;
as hereinafter provided but in any event not less than the Base Rent  payable at
the expiration of the Extended Term.

          b.) Determination of Prevailing Market Rental Value. Base Rent for an
              -----------------------------------------------
Extended Term shall be at prevailing market rental value, determined as follows:

              (i)   Lessor shall deliver to Lessee written notice of Lessor's
                    determination of the prevailing market rental value within
                    thirty (30) days after Lessor receives the Option Notice
                    from Lessee.

              (ii)  If Lessee disputes Lessor's determination of the prevailing
                    market rental value as contained in Lessor's notice, Lessee
                    shall notify Lessor in writing within thirty (30) days of
                    its receipt of Lessor's determination, which notice shall
                    set forth Lessee's determination of the prevailing market
                    rental value. Should Lessee fail to timely notify Lessor as
                    aforesaid, then Lessor's determination of the prevailing
                    market rental

                                       2

<PAGE>

                     value as contained in Lessor's notice shall constitute the
                     Base Rent for the Second Extended Term.

               (iii) Should Lessee timely notify Lessor as aforesaid, Lessor and
                     Lessee shall attempt to resolve their differences within
                     ten (10) days following Lessor's receipt of Lessee's
                     notice. If Lessor and Lessee cannot agree on the prevailing
                     market rental value during such ten (10) day period, Lessor
                     and Lessee shall each appoint a disinterested M.A.I.
                     appraiser with no less than five (5) years experience
                     appraising similar space in the county in which the
                     Premises are located and give notice of such appointment to
                     the other within ten (10) days after the preceding ten (10)
                     day period. If either Lessor or Lessee shall fail timely to
                     appoint an appraiser, then the single appraiser appointed
                     by one party shall proceed to make the determination of the
                     prevailing market rental value. Such appraiser(s) shall,
                     within thirty (30) days after the appointment of the last
                     of them to be appointed, complete their written
                     determinations of the prevailing market rental value and
                     furnish the same to Lessor and Lessee. Each party shall pay
                     the fees and costs of the appraiser appointed by it. If the
                     valuations vary by 5% or less of the lower value, the
                     prevailing market rental value shall be the average of the
                     two valuations.

              (iv)   If the valuations vary by more than 5% of the lower value,
                     the two appraisers shall, within ten (10) days after
                     submission of the last appraisal report, appoint a third
                     disinterested M.A.I. appraiser experienced in appraising
                     similar space in the county in which the Premises are
                     located. If the two appraisers shall be unable to agree in
                     a timely manner on the selection of the third appraiser,
                     then either appraiser, on behalf of both, may request
                     appointment of such third disinterested M.A.I. appraiser by
                     the American Arbitration Association process. Such third
                     appraiser shall, within thirty (30) days after appointment,
                     select one of the two valuations submitted by the first two
                     appraisers as such third appraiser's determination of the
                     prevailing market value, and shall submit such decision to
                     Lessor and Lessee. The prevailing market rental value of
                     the Premises as determined by the third appraiser shall be
                     controlling. All fees and costs incurred in connection with
                     the determination of the prevailing market rental value by
                     the third appraiser shall be paid one-half by Lessor and
                     one-half by Lessee."

     6. Brokers' Fees. All negotiations relative to this Amendment and the
        -------------
transactions contemplated hereby have been carried on by Lessee directly with
Lessor, without the use of any brokers. Each party shall indemnify and hold
harmless the other party against and in respect to any claim for brokers' fees
resulting from actions taken by the former.

     7. Miscellaneous Provisions.
        ------------------------

        A. Except as modified herein, all terms of the Lease, together with all
Addendums and attachments thereto, shall continue to remain in full force and
effect.

                                       3

<PAGE>

          B.    If either party commences an action against the other party
arising out of or in connection with this Amendment, or in connection with the
Lease, or any addenda thereto, the prevailing party shall be entitled to have
and recover from the losing party reasonable attorney's fees and costs of suit.

     IN WITNESS WHEREOF, the parties have executed this First Amendment to Lease
as of the date and year first above written at Milpitas, California.

DYNAMIC DETAILS INCORPORATED SILICON VALLEY

By: /s/ Tim Donnelly
    -------------------------------------
    Tim Donnelly, Vice President
    Authorized Officer

D&D TAROB PROPERTIES, LLC

By: /s/ Charles D. Dimick
    -------------------------------------
    Charles D. Dimick, Managing Member

                                       4

<PAGE>

[logo] JER Partners

                          [LETTERHEAD OF JER PARTNERS]

                               November 13, 2000

DDI Corporation
1988 Tarob Court
Milpitas, CA 95035

     Re: Notice Of Assignment Of Lease, Change Of Rent Payment Address, and
Change Of Notice Address

Dear Tenant:

     Notice is hereby given that on November 8, 2000, JER Tarob LLC, a Delaware
limited liability company ("Landlord") assigned to D&D Tarob Properties, LLC, a
California limited liability company ("Assignee"), all of Landlord's rights,
title, deposits, advance rents, impound accounts, and interest in the lease
agreement by and between JER Tarob LLC and DDI Corporation dated August 1, 1997
(the "Lease").

     The address for all notices and rent payments under the Lease is hereby
                     ---
changed to:

                           D&D Tarob Properties, LLC
                            Attention: Chuck Dimick
                                1988 Tarob Court
                               Milpitas, CA 95035

     If you have any questions, regarding this Letter, please contact the
undersigned.

                         JER TAROB LLC, a Delaware limited liability company

                         By:    JER REAL ESTATE PARTNERS, L.P., a
                                Delaware limited partnership, Member

                                By:    JER REAL ESTATE ADVISORS, L.P., a
                                       Delaware limited partnership, General
                                       Partner

                                       By:    JER REAL ESTATE ADVISORS,
                                              INC., a Delaware corporation,
                                              General Partner

                                              By: /s/ Barbara Bowman
                                                  --------------------------
                                                  Name:  Barbara Bowman
                                                         -------------------
                                                  Title: Vice President
                                                         -------------------

cc:    Bernard J. Vogel, III, Esq.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00035-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00035-of-00352.parquet"}]]