Acknowledgement of Security. The Custodian hereby acknowledges that pursuant to the Funding 2 Collateral Security Agreement the Security Provider has (i) granted in favour of Funding 2 a first fixed charge over all Posted Collateral and all Related Rights in relation to Posted Collateral; (ii) granted in favour of Funding 2 a first fixed charge over any amounts standing to the credit of the Cash Accounts and the Distribution Account and (iii) assigned to Funding 2 all the Security Provider's rights, title and interest in and under this Agreement (including, without limitation, its rights to require the Custodian to deliver securities to the Funding 2 Collateralised GIC Account Bank or to its order and its rights in and to the GIC Collateral Custody Account). The Custodian hereby further acknowledges that pursuant to the Funding 2 Deed of Charge, Funding 2 has created security over its rights under the Funding 2 Collateral Security Agreement and this Agreement in favour of the Funding 2 Security Trustee.
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