Cathedral Capital Holdings Limited

All monies

ALL THE UNDERWRITING OBLIGATIONS OF THE COMPANY INCURRED BY THE COMPANY AS AN UN DERWRITING MEMBER OF THE SOCIETY AT ANY TIME BEFORE THE TERMINATION DATE (BEING THE 80TH ANNIVERSARY OF THE DATE OF THE TRUST DEED) INCLUDING OBLIGATIONS TO THE SOCIETY AND THE TRUSTEES (MEANING THE S OCIETY AND THE OTHER TRUSTEES FOR THE TI ME BEING OF THE TRUSTS CREATED BY THE TR UST DEED) AND OBLIGATIONS ARISING UNDER: (A) THE BYE LAWS, REGULATIONS, RULES, D IRECTIONS OR OTHER REQUIREMENTS OF THE S OCIETY; AND (B) ANY DEED, CONTRACT, INST RUMENT OR OTHER ARRANGEMENT OF ANY KIND APPROVED BY THE SOCIETY; BUT NOT INCLUDI NG OBLIGATIONS ARISING IN RESPECT OF ANY LETTER OF CREDIT, GUARANTEE OR OTHER SE CURITY GIVEN TO SECURE THE PERFORMANCE O F ANY OF THE SAID UNDERWRITING OBLIGATIO NS IN FAVOUR OF THE PERSON GIVING SUCH G UARANTEE OR OTHER SECURITY

ALL THE UNDERWRITING OBLIGATIONS OF CATH EDRAL CAPITAL (1998) LIMITED (THE COMPAN Y) INCURRED BY THE COMPANY AS AN UNDERWR ITING MEMBER OF THE SOCIETY AT ANY TIME BEFORE THE TERMINATION DATE (BEING THE 8 0TH ANNIVERSARY OF THE DATE OF THE TRUST DEED) INCLUDING OBLIGATIONS TO THE SOCI ETY AND THE TRUSTEES (MEANING THE SOCIET Y AND THE OTHER TRUSTEES FOR THE TIME BE ING OF THE TRUSTS CREATED BY THE TRUST D EED) AND OBLIGATIONS ARISING UNDER: (A) THE BYE LAWS, REGULATIONS, RULES, DIRECT IONS OR OTHER REQUIREMENTS OF THE SOCIET Y; AND (B) ANY DEED, CONTRACT, INSTRUMEN T OR OTHER ARRANGEMENT OF ANY KIND APPRO VED BY THE SOCIETY; BUT NOT INCLUDING OB LIGATIONS ARISING IN RESPECT OF ANY LETT ER OF CREDIT, GUARANTEE OR OTHER SECURIT Y GIVEN TO SECURE THE PERFORMANCE OF ANY OF THE SAID UNDERWRITING OBLIGATIONS IN FAVOUR OF THE PERSON GIVING SUCH GUARAN TEE OR OTHER SECURITY