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. Presentation of a Report as to Affairs.

2. Disclosure of the Company ' s affairs and circumstances leading to the proposed winding up.

3. Nomination or confirmation of the appointment of a Liquidator.

4. Consider the appointment of a Committee of Inspection.

5. That the Remuneration of the Liquidator, his Partners, Employees and Consultants for the work done and to be done up to the finalisation of this Liquidation, calculated at hourly rates as detailed in the Remuneration Report dated 22 June 2017 or as set from time to time, be limited to a capped amount of $100,000 plus GST but can be subject to upward revision by resolution of the Committee of Inspection, Creditors or by the Court and that the Liquidator can draw the Remuneration on a monthly basis or as required.

6. Consider authorising the Liquidator to destroy the Books and Records of the Company upon finalisation of the Liquidation.

7. Any other business.