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:

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

8. approval of the remuneration disbursements of the Administrator(s), the Deed Administrator(s) or the Liquidator(s);

9. approval of the internal disbursements of the Administrator(s), the Deed Administrator(s) or the Liquidator(s);

10. if the Company executes a Deed of Company Arrangement, the appointment of the Deed Administrator(s);

11. if the Company is wound up, the appointment of the Liquidator(s);

12. to consider the early destruction of the books and records of the Company;

13. 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; and

14. any other business.