Language to Complete Item (A) of the Statutory Mortgage (To Secure Account Current, Etc

Language to complete item (a) of the statutory Mortgage (To Secure Account Current, Etc.) where the Mortgagor executes the statutory Mortgage (To Secure Account Current, Etc.) and the Deed of Covenants to secure its liabilities

“Whereas there is an account current between [state name], a company incorporated in Singapore with its registered office at [state address] (the “Mortgagor”) and OVERSA-CHINESE BANKING CORPORATION LIMITED, a company incorporated in Singapore with its registered office at 65 Chulia Street #26-00 OCBC Centre Singapore 049513 (the “Mortgagee”) regulated by a Deed of Covenants of [date] (the “Deed of Covenants”) between the Mortgagor and the Mortgagee, and whereas pursuant to the Deed of Covenants, the Mortgagor has executed this Mortgage for the purpose of securing payment by the Mortgagor to the Mortgagee in respect of all amounts including principal, interest, fees, commission and/or other sums due to the Mortgagee from the Mortgagor from time to time, as provided in the Deed of Covenants and this Mortgage.”

Language to complete item (a) of the statutory Mortgage (To Secure Account Current, Etc.) where the Mortgagor executes the statutory Mortgage (To Secure Account Current, Etc.) and the Deed of Covenants to secure the liabilities of a third party Borrower

“Whereas (a) there is an account current between [state name], a company incorporated in Singapore and having its registered office at [state address](the “Mortgagor”) and OVERSA-CHINESE BANKING CORPORATION LIMITED, a company incorporated in Singapore and having its registered office at 65 Chulia Street #26-00 OCBC Centre Singapore 049513 (the “Mortgagee”) regulated by a Deed of Covenants of [date] (which as the same may from time to time be amended or supplemented is hereinafter referred to as the “Deed of Covenants”) between the Mortgagor and the Mortgagee. AND WHEREAS pursuant to the Deed of Covenants, the Mortgagor has agreed to execute this Mortgage as security for the payment of the Secured Debt (as defined in the Deed of Covenants) by [state name], a company incorporated in Singapore and having its registered office at [state address] (hereinafter called the “Borrower”) to the Mortgagee and all sums owing by the Mortgagor to the Mortgagee under the Deed of Covenants. AND WHEREAS all the amounts so due to the Mortgagee from the Borrower and/or the Mortgagor at any time may be ascertained by reference to the books or account for the Borrower and/or the Mortgagor with the Mortgagee.

OCBC Legal / Jun 2009