GRACECHURCH UTG NO. 105 LIMITED

Company number 04540075

Lloyd's united states situs excess or surplus lines trust deed ("the trust deed") dated 7 september 1995 (in respect of syndicate no. 386 (including incidental number 683) as supplemented by a deed of accession dated 1 april 2004

• Created: 1 April 2005
• Delivered: 14 April 2005
• Status: Outstanding
• Transaction Filed: Registration of a charge (395)

Persons entitled

• The Trustee (Being, as at the Date Hereof, Citibank N.A.), Lloyd's, the Agent, All Policyholders and Third-Party Claimants and Certain Other Persons or Bodies (as Further Defined on Form M395)

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 property constituting the trust principal but excluding the investment income from time to time earned thereon. The property in the actual and sole possession of the trustee at any time and held under the provisions of the trust deed allocable to the particular trsut created by the company with respect to the particular year of account of the syndicate. Cash in us currency or specifically designated readily marketable securities and/or letters of credit substituted by the agent at any time for any cash or assets then forming part of the trust fund.