This Deed is made [insert day and month] 20[insert year]

Parties

1. 1

   [insert name of Senior Lender] of [insert address] (the Senior Lender);

1. 2

   [insert name of Junior Lender] of [insert address] (the Junior Lender); and

1. 3

   [insert name of Borrower], a company incorporated in England and Wales with registered number [insert company number] whose registered office is at [insert address] (the Borrower).

Background

1. 1. (A)

      The Senior Lender has [agreed to provide OR provided] the Borrower with a loan facility on the terms of the Senior Facility Agreement (as defined below).

   1. (B)

      The Junior Lender has [agreed to provide OR provided] the Borrower with a loan facility on the terms of the Junior Facility Agreement (as defined below).

   1. (C)

      [It is a condition precedent to the provision of [each of] the Senior Facility(as defined below) [and the Junior Facility (as defined below)] that the parties enter into this Deed OR The Lenders and the Borrower have agreed that the Security (as defined below) will rank as set out in this Deed.]

   1. (D)

      [[insert further details if required]]