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 the Notice and Report to Creditors dated 12 February 2016;

2.To elect a chairman of the meeting;

3.To consider the Liquidator(s) Declaration of Independence, Relevant Relationships, Prior Engagements and Indemnities enclosed in the notice and Report to Creditors dated 12 February 2016;

4.To consider the Report As To Affairs of the Company;

5.To consider a statement to creditors by one of the Directors of the Company, disclosing the affairs of the Company and the circumstances leading up to the winding up;

6.To confirm my appointment as Liquidator or replace me;

7.To consider the appointment and constitution of a committee of inspection, if creditors see fit to appoint such a committee of inspection;

8.Approve the remuneration of the Liquidator;

9.Pursuant to Section 477(2A) of the Corporations Act 2001, to authorise the Liquidator to be able to compromise debts in excess $100,000;

10.Pursuant to Section 542 of the Corporations Act 2001, to authorise the Liquidator to destroy, at his discretion, the books and records of the Company within a period of six (6) months after the dissolution of the Company, subject to obtaining prior approval from the Australian Securities & Investments Commission (ASIC); and

11.Any other relevant business.