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 seek approval of the Joint and Several Administrators ' remuneration;



2. To seek approval of the Joint and Several Administrators ' disbursements;



3. The purpose of the meeting is to determine the future of the Company, specifically if:



a. the Company executes a Deed of Company Arrangement;

b. the Administration ends; or

c. the Company be wound up;



At the meeting, creditors may also, by resolution adjourn the meeting for a period that must not exceed 45 business days;



4. In the event that the Company is wound up, confirm Peter Gountzos and Timothy James Brace as the Joint and Several Liquidators of the Company;



5. To seek approval of the Joint and Several Liquidators ' remuneration;



6. To seek approval of the Joint and Several Liquidators ' disbursements;



7. In the event that the Company is put into Liquidation, authorise the Liquidator to destroy, at their discretion, the books and records of the Company within a period of 5 years after dissolution of the Company, subject to obtaining prior approval from the Australian Securities and Investments Commission;



8. To appoint a Committee of Inspection; and



9. Any other business which may be properly brought before the meeting.