Mileshield Commercial Funding Limited

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ALL HIRE PAYMENT AND OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO ROYAL SCOT LEASING LIMITED UNDER OR PURSUANT TO (I) A MASTER HIRE PURCHASE AGREEMENT DATED 21 OCTOBER 1994 MADE BETWEEN ROYAL SCOT LEASING LIMITED AS OWNER AND THE C OMPANY AS HIRER ("THE MASTER HIRE PURCHA SE AGREEMENT") AND (II) THE SCHEDULE ENT ERED INTO ON 22 AUGUST 2000 BETWEEN THE COMPANY AND ROYAL SCOT LEASING LIMITED ( "THE SCHEDULE") PURSUANT TO THE MASTER H IRE PURCHASE AGREEMENT

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ALL HIRE PAYMENTS AND OTHER MONIES DUE O R TO BECOME DUE FROM THE COMPANY TO THE CHARGEE PURSUANT TO (I) A MASTER HIRE PU RCHASE AGREEMENT DATED 21 OCTOBER 1994 A ND (II) THE SCHEDULE ENTERED INTO ON 2 M AY 2000 PURSUANT TO THE MASTER HIRE PURC HASE AGREEMENT

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THE HIRE PAYMENTS AND OTHER MONIES DUE O R TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER OR PURSUANT TO (I) A MASTE R HIRE PURCHASE AGREEMENT DATED 21 OCTOB ER 1994 AND (II) THE SCHEDULE PURSUANT T O THE MASTER HIRE PURCHASE AGREEMENT OF EVEN DATE

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EACH AND EVERY OBLIGATION OR LIABILITY D UE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON 15TH APRIL 1998 OR THEREA FTER FOR THE PAYMENT OF MONIES UNDER OR PURSUANT TO A HIRE PURCHASE AGREEMENT DA TED 15TH APRIL 1998 AND EACH AND EVERY S UM ARISING DUE OR INCURRED ON OR AFTER 1 5TH APRIL 1998 IN CONNECTION WITH ANY SU CH OBLIGATION OR LIABILITY

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EACH AND EVERY OBLIGATION AND LIABILITY DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE FOR THE PAYMENT OF MONIES U NDER OR PURSUANT TO A HIRE PURCHASE AGRE EMENT DATED 15TH APRIL 1998 AND EACH AND EVERY SUM ARISING DUE OR INCURRED IN CO NNECTION WITH ANY SUCH OBLIGATION OR LIA BILITY (AS DEFINED IN A DEED OF ASSIGNME NT DATED 15TH APRIL 1998)

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EACH AND EVERY OBLIGATION OR LIABILITY W HICH THE COMPANY MAY ON 15TH APRIL 1998 HAVE TO THE CHARGEE ("BIL") FOR THE PAYM ENT OF MONIES UNDER OR PURSUANT TO A HIR E PURCHASE AGREEMENT DATED 15TH APRIL 19 98

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EACH AND EVERY OBLIGATION OR LIABILITY D UE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON 15TH APRIL 1998 OR THEREA FTER FOR THE PAYMENT OF MONIES UNDER OR PURSUANT TO A HIRE PURCHASE AGREEMENT DA TED 15TH APRIL 1998 AND EVERY SUM ARISI NG DUE OR INCURRED ON OR AFTER 15TH APRI L 1998 BY THE COMPANY TO THE CHARGEE IN CONNECTION WITH ANY SUCH OBLIGATION OR L IABILITY (SUCH OBLIGATION AND LIABILITIE S BEING DEFINED IN A DEED OF ASSIGNMENT DATED 15TH APRIL 1998)

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ALL HIRE PAYMENTS AND OTHER MONIES DUE O R TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER OR PURSUANT TO THE MASTER HIRE AGREEMENT

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EACH AND EVERY OBLIGATION OR LIABILITY D UE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON 15TH APRIL 1998 OR THEREA FTER FOR THE PAYMENT OF MONIES UNDER OR PURSUANT TO A HIRE PURCHASE AGREEMENT DA TED 15TH APRIL 1998 AND BY THE COMPANY T O THE CHARGEE AND ANY SUCH OBLIGATION O R LIABILITY (SUCH OBLIGATION AND LIABILI TIES BEING DEFINED IN A DEED OF ASSIGNME NT DATED 15TH APRIL 1998)

ALL HIRE PAYMENTS AND OTHER MONIES DUE O R TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER OR PURSUANT TO (I) A MASTE R HIRE PURCHASE AGREEMENT DATED 21 OCTOB ER 1994 AND (II) THE SCHEDULE ENTERED IN TO ON 11 JUNE 1998 PURSUANT TO THE MASTE R HIRE PURCHASE AGREEMENT

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ALL HIRE PAYMENTS AND OTHER MONIES DUE O R TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER OR PURSUANT TO A MASTER HI RE PURCHASE AGREEMENT DATED 21 OCTOBER 1 994 AND THE SCHEDULE OF EVEN DATE PURSUA NT TO THE MASTER HIRE PURCHASE AGREEMENT

ALL HIRE PAYMENTS AND OTHER MONIES DUE O R TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER OR PURSUANT TO A MASTER HI RE PURCHASE AGREEMENT DATED 21 OCTOBER 1 994 AND THE SCHEDULE OF EVEN DATE PURSUA NT TO THE MASTER HIRE PURCHASE AGREEMENT

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ALL HIRE PAYMENTS AND OTHER MONIES DUE O R TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER OR PURSUANT TO 1). A MASTE R HIRE PURCHASE AGREEMENT DATED 21ST OCT OBER 1994 AND 2). THE SCHEDULE ENTERED I NTO ON 24TH OCTOBER 1997 PURSUANT TO THE MASTER HIRE PURCHASE AGREEMENT

ALL HIRE PAYMENTS AND OTHER MONIES DUE O R TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER OR PURSUANT TO 1). A MASTE R HIRE PURCHASE AGREEMENT DATED 21ST OCT OBER 1994 AND 2). THE SCHEDULE ENTERED I NTO ON 22ND OCTOBER 1997 PURSUANT TO THE MASTER HIRE PURCHASE AGREEMENT

ALL HIRE PAYMENTS AND OTHER MONIES DUE O R TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER OR PURSUANT TO (I) A MASTE R HIRE PURCHASE AGREEMENT DATED 21ST OCT OBER 1994 AND (II) THE SCHEDULE ENTERED INTO ON 23RD SEPTEMBER 1997 PURSUANT TO THE MASTER HIRE PURCHASE AGREEMENT

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ALL HIRE PAYMENTS AND OTHER MONIES DUE O R TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER OR PURSUANT TO (I) A MASTE R HIRE PURCHASE AGREEMENT DATED 21 OCTOB ER 1994 AND (II) THE SCHEDULE ENTERED IN TO ON 6 JUNE 1997

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ALL HIRE PAYMENTS DUE OR TO BECOME DUE F ROM THE COMPANY TO THE CHARGEE UNDER OR PURSUANT TO A MASTER HIRE PURCHASE AGREE MENT DATED 21ST OCTOBER 1994 AND THE SCH EDULE ENTERED INTO ON 18TH MARCH 1997

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ALL HIRE PAYMENTS AND OTHER MONIES DUE O R TO BECOME DUE FROM THE COMPANY TO THE CHARGEE PURSUANT TO A MASTER HIRE PURCHA SE AGREEMENT DATED 21 OCTOBER 1994 AND T HE SCHEDULE DATED 12 MARCH 1997

ALL HIRE PAYMENTS AND OTHER MONIES DUE O R TO BECOME DUE FROM THE COMPANY TO THE CHARGEE PURSUANT TO A MASTER HIRE PURCHA SE AGREEMENT DATED 21 OCTOBER 1994 AND T HE SCHEDULE DATED 12 MARCH 1997

ALL HIRE PAYMENTS AND OTHER MONIES DUE O R TO BECOME DUE FROM THE COMPANY TO THE CHARGEE PURSUANT TO A MASTER HIRE PURCHA SE AGREEMENT DATED 21 OCTOBER 1994 AND T HE SCHEDULE DATED 11 MARCH 1997

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ALL HIRE PAYMENTS AND OTHER MONIES DUE O R TO BECOME DUE FROM THE COMPANY TO ROYA L SCOT LEASING LIMITED UNDER OR PURSUANT TO A MASTER HIRE PURCHASE AGREEMENT DAT ED 21ST OCTOBER 1994 AND THE SCHEDULE EN TERED INTO ON 16TH DECEMBER 1996 PURSUAN T TO THE MASTER HIRE AGREEMENT

ALL HIRE PAYMENTS AND OTHER MONIES DUE O R TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER OR PURSUANT TO A MASTER HI RE PURCHASE AGREEMENT DATED 21ST OCTOBER 1994 AND THE SCHEDULE ENTERED INTO ON 1 6TH DECEMBER 1996 PURSUANT TO THE MASTER HIRE PURCHASE AGREEMENT

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ALL HIRE PAYMENTS AND OTHER MONIES DUE O R TO BECOME DUE FORM THE COMPANY TO THE CHARGEE UNDER OR PURSUANT TO THE MASTER HIRE PURCHASE AGREEMENT AND THE SSCHEDUL E ENTERED INTO ON 29TH AUGUST 1996

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06 UNDER A LEASE SCHEDULE NUMBERED 04 AN D MADE PURSUANT TO A MASTER HEAD LEASE D ATED 7TH DECEMBER 1995

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ALL HIRE PAYMENTS AND OTHER MONIES DUE O R TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER OR PURSUANT TO A MASTER HI RE PURCHASE AGREEMENT DATED 21ST OCTOBER 1994 AND THE SCHEDULE ENTERED INTO ON 2 2ND NOVEMBER 1995 PURSUANT TO THE MASTER HIRE PURCHASE AGREEMENT

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ALL HIRE PAYMENTS AND OTHER MONIES DUE O R TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER OR PURSUANT TO (I) A MASTE R HIRE PURCHASE AGREEMENT DATED 21 OCTOB ER 1994 AND (II) THE SCHEDULE ENTERED IN TO ON 30 OCTOBER 1995

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ALL HIRE PAYMENTS AND OTHER MONIES DUE O R TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER OR PURSUANT TO A MASTER HI RE PURCHASE AGREEMENT DATED 21 OCTOBER 1 994 AND THE SCHEDULE ENTERED INTO ON 22 MAY 1995

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