Meeting Of Creditors

At the meeting creditors may consider a resolution:

1. to appoint a committee of inspection and, if so, who are to be the committee members; and
2. to remove the liquidator(s) from office and appoint someone else as liquidator(s) of the Company.

Other agenda items are:

1. To consider a Report as to Affairs of the company.



2. To consider a statement to creditors by one of the directors explaining the circumstances leading up to the proposed winding up.



3. To receive the ' Declaration of Independence, relevant relationships and Indemnities ' from the current Liquidators.



4. To consider appointing another person or persons as Liquidator/s.



5. To consider the appointment of members to a Committee of Inspection if the creditors see fit to appoint such a committee.



6. To fix the remuneration of the Liquidators.



7. To authorise the Liquidators to destroy, at their discretion, the books and records of the company within a period of twelve (12) months after dissolution of the company, subject to obtaining prior approval from the Australian Securities and Investments Commission.