Lombard Discount Limited

IN FAVOUR OF CHASE MANHATTAN INTERNATION AL LIMITED AS SECURITY AGENT AND TRUSTEE FOR THE SENIOR CREDITORS (AS DEFINED) A ND THE LESSORS (AS DEFINED) (1)THE SENIO R DEBT, SUBJECT TO CLAUSE 11.2, CLAUSE 1 1.4, CLAUSE 27.3(III) AND CLAUSE 27.4(B) OF THE INTERCREDITOR AGREEMENT ALL PRES ENT AND FUTURE LIABILITIES (ACTUAL OR CO NTINGENT) PAYABLE OR OWING BY THE OBLIGO RS TO THE SENIOR CREDITORS UNDER OR IN C ONNECTION WITH THE SENIOR FINANCE DOCUME NTS (AS DEFINED), (2)THE LEASE DEBT, ALL PRESENT AND FUTURE LIABILITIES (ACTUAL OR CONTINGENT) PAYABLE OR OWING BY THE O BLIGORS TO THE LESSORS UNDER OR IN CONNE CTION WITH THE LEASE FINANCE DOCUMENTS ( AS DEFINED) AND (3) THE SUBORDINATED DEB T, ALL PRESENT AND FUTURE LIABILITIES (A CTUAL OR CONTINGENT) PAYABLE OR OWING BY THE OBLIGORS TO THE SUBORDINATED CREDIT ORS (AS DEFINED) UNDER OR IN CONNECTION WITH THE SUBORDINATED DEBT DOCUMENTS OR IN CONNECTION WITH TREASURY DEBT AND ALL INDEMNITY RIGHTS

All monies

All monies

All monies

NIL AT PRESENT

All monies

All monies