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 consider a statement by the Directors about the Companys business, property, affairs and financial circumstances.

2. To consider the circumstances leading to the appointment of the Administrators to the Company, details of the proposed Deed of Company Arrangement and the various options available to creditors.

3. To consider the report of the Administrators.

4. To resolve that:
The Company execute a Deed of Company Arrangement; or
The Administration should end; or
The Company be wound up.

5. If it is resolved that the Company be wound up, consider whether a Committee of Inspection is to be appointed, and if so, the members of that Committee.

6. If it is resolved that the Company be wound up, consider whether, pursuant to Section 477(2A) of the Corporations Act 2001 (the Act), creditors authorise the Liquidators to compromise a debt owed to the Company up to a maximum limit of $100,000.

7. If it is resolved that the Company be wound up, consider whether pursuant to Section 477(2B) of the Corporations Act 2001, creditors authorise the Liquidators to enter into any agreement on the Company?s behalf where the term of the agreement may end; or obligations of a party to the agreement may, according to the terms of the agreement, be discharged by performance; more than three months after the agreement is entered into.

8. If it is resolved that the Company be wound up, consider whether, subject to obtaining the approval of the Australian Securities & Investments Commission (ASIC) pursuant to Section 542(4) of the Act, the books and records of the Company and of the Liquidators may be disposed of by the Liquidators 12 months after the dissolution of the Company or earlier at the discretion of ASIC.

9. To fix the remuneration of the Administrators.

10. If it is resolved that the Company execute a Deed of Company Arrangement, to fix the remuneration of the Deed Administrators.

11. If it is resolved that the Company be wound up, to fix the remuneration of the Liquidators

12. Any other business that may be lawfully brought forward.

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

Dermott Joseph McVeigh
Administrator