Meeting Of Creditors

Agenda items are:

• to receive and consider a report from the external administrator(s)
• to fix or determine the remuneration of the external administrator(s)
• to fix or determine the future remuneration of the external administrator(s)
• any other business

• To approve a resolution in accordance with subsection 477(2A) of the Corporations Act 2001 ( " the Act " ) authorising the Liquidator to compromise the following debts due to the Company by accepting a payment of $67,000 from Nigel Thompson and Gina Thompson in full and final satisfaction of the debts:
  
  
  
  (a) the debt due to Company by Nigel Thompson and/or Gina Thompson on any loan account of either or both with the Company; and
  
  
  
  (b) the debt due to Company by Nigel Thompson and/or Gina Thompson under subsection 588M(2) of the Act in consequence of either or both contravening subsection 588G(2) of the Act.