ASIC Published Notices

Notice is given that a second meeting of the creditors of the Company, or a second meeting for each of the Companies, (for multiple companies), will be held:

(If multiple companies, see special instructions for meeting times)

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. 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 determine the remuneration of the administrator(s)
2. to determine the future remuneration of the administrator(s)
3. to determine the deed administrator(s) and or liquidator(s) future remuneration if appointed
4. to consider the appointment of an alternative deed administrator(s) or liquidator(s)
5. if the company is wound up, to consider the appointment of a committee of inspection and, if so, who are to be the committee members
6. any other business

If the Company is wound up, to consider and if thought fit, to authorise the Joint and Several Liquidators to enter into litigation funding agreements, for the purposes of Section 477(2B) of the Act, on terms as the Liquidators see fit.

If the Company is wound up, to consider and if thought fit, resolve that the Joint and Several Liquidators? ability to compromise debts owed to the Company, which is currently limited to $20,000.00, for the purposes of Section 477(2A) of the Act, be increased to $250,000.00.

If the Company is wound up, that, subject to obtaining approval from the Australian Securities and Investments Commission pursuant to Section 542(4) of the Corporations Act 2001, the books and records of the company and of the Liquidators be disposed of by the Liquidators six months after the dissolution of the company or earlier at the discretion of the Australian Securities and Investments Commission.

Creditors wishing to attend are advised proofs and proxies should be submitted to the Administrator by:

Frank Lo Pilato
Administrator

Richard Stone
Joint Appointees