KITE DEDICATED LIMITED

Company number 04011388

A charge dated 1ST january 2002 in the terms of the lloyd's kentucky joint asset trust deed (the "trust deed") dated 23RD february 1996 (as supplemented and as amended from time to time and as supplemented by a deed of accession dated 3RD january 2002)

• Created: 1 January 2002
• Delivered: 21 January 2002
• Status: Outstanding
• Transaction Filed: Registration of a charge (395)

Persons entitled

• The Trustee, (Being, as the Date Hereof, National City Bank), Lloyd's, the Kentucky Attorney-in-Fact for Underwriters at Lloyd's and All Policyholders

Amount secured

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

Short particulars

The trust fund, the property set forth in schedule a to the trust deed comprising assets in aggregate of an amount not less than one third of the kentucky premiums written during the preceding calendar year. Cash in us currency or specifically designated readily marketable securities and/or letters of credit. (See form 395 for further details).