Second Meeting Of Creditors Of Company Under Administration

The purpose of the meeting(s) is:

1. to receive the report by the Administrator(s) about the business, property, affairs and financial circumstances of the Company(ies); and
2. to receive a statement of Administrator(s) opinion and reasons for the opinion:
   1. whether it would be in the creditors ' interests for the Company(ies) to execute a deed of company arrangement;
   2. whether it would be in the creditors ' interests for the administration to end;
   3. whether it would be in the creditors ' interests for the company to be wound up;
3. to receive a statement of such other information known to the administrator as will enable the creditors to make an informed decision about the matters at paragraphs 2(a) (c) above;
4. to receive details of any transactions that appear to the Administrator(s) to be a voidable transaction in respect of which money, property, or other benefits may be recoverable by a liquidator under part 5.7B of the Act
5. to receive details of any proposed deed of company arrangement; and
6. for the creditors of the Company(ies) to resolve that:
   1. the Company(ies) execute a deed of company arrangement; or
   2. the administration(s) should end; or
   3. the Company(ies) be wound up.

Other agenda items are:

1. to determine the remuneration of the administrator(s)
2. to determine the future remuneration of the administrator(s)
3. to determine the deed administrator(s) and or liquidator(s) future remuneration if appointed
4. if the company is wound up, to consider the appointment of a committee of inspection and, if so, who are to be the committee members
5. if the company is wound up to consider the early destruction of books and records
6. any other business

1. whether to adjourn the meeting (for a maximum of 45 business days)

2. if the Company executes a Deed of Company Arrangement

(2.1) the appointment of the Deed Administrators;

(2.2) to consider appointing a Committee of Inspection and if so, who are to be the Committee members and that Committee members may directly or indirectly gain a profit or advantage from the external administration of the Company;

3. if the Company is wound up,

(3.1) the appointment of Liquidators

(3.2) to consider the early destruction of the books and records of the Company

(3.3) to consider appointing a Committee of Inspection and if so, who are to be the Committee members and that Committee members may directly or indirectly gain a profit or advantage from the external administration of the Company