Outlet Centres International (UK) Limited

ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES (WHETHER ACTUAL OR CONTINGENT , WHETHER OWED JOINTLY, SEVERALLY OR IN ANY OTHER CAPACITY WHATSOEVER AND WHETHE R ORIGINALLY INCURRED BY AN OBLIGOR OR B Y SOME OTHER PERSON) OF EACH OBLIGOR (AS THEREIN DEFINED) TO THE CHARGEE UNDER T HE FINANCE DOCUMENTS (AS THEREIN DEFINED ) OR OTHERWISE BUT DOES NOT INCLUDE ANY OBLIGATION OR LIABILITY TO THE EXTENT ON LY THAT, IF IT WERE SO INCLUDED, THAT OB LIGATION OR LIABILITY WOULD CONSTITUTE T HE OBLIGOR CONCERNED GIVING FINANCIAL AS SISTANCE WITHIN THE MEANING OF, AND WHIC H IS UNLAWFUL UNDER, SECTIONS 151 AND 15 2 OF THE COMPANIES ACT 1985 UNLESS SUCH FINANCIAL ASSISTANCE IS GIVEN LAWFULLY, IN FORM AND SUBSTANCE SATISFACTORY TO TH E BANK, UPON PROPER AND TIMELY COMPLIANC E WITH SECTIONS 155 TO 158 OF THE COMPAN IES ACT 1985

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