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To the Creditor as Addressed 29 November 2017 Dear Sir/Madam A2Z PROPERTY MAINTENANCE PTY LTD (In Liquidation) ACN 163 263 590 (“the Company”) I refer to our appointment as Joint and Several Liquidators of the Company on 26 July 2017, and previous correspondence regarding the Creditors Voluntary Liquidation of the Company.

Meeting of creditors I am convening a meeting of creditors to:

Provide an update on the progress of the liquidation to date To consider and approve the Joint and Several Liquidators entering into the Conditional

Litigation Funding Agreement with Ayham (Alex) Batarseh pursuant to Section 477(2B) of the Corporations Act;

Consider and approve the Joint and Several Liquidators’ remuneration; and Any other business that might be brought forward.

Meeting details The meeting of creditors will be held as follows: Date: Wednesday, 20 December 2017 Time: 3:00 PM Address: Level 17, 383 Kent Street, Sydney NSW A notice of meeting is attached at Appendix A. To participate in this meeting, you may need to:

Submit a proof of debt and information to substantiate your claim. Appoint a person – a “proxy” or person authorised under a power of attorney – to vote on

your behalf at the meeting. This may be necessary if you are unable to attend the meeting, or if the creditor is a company. You can appoint the chairperson of the meeting as your proxy and direct the chairperson how you wish your vote to be cast. If you choose to do this, the chairperson must cast your vote as directed.

2

Telephone conference facilities will be available at the meeting on request. Proof of debt and proxy forms are included with the notice of meeting. To facilitate the conduct of the meeting completed proof of debt and, if applicable, proxy forms must be returned to our office by post, fax or email by 4.00pm on Tuesday, 19 December 2017. Update on appointment I have included at Appendix B a detailed report on the progress of the Creditors Voluntary Liquidation. What to do next You should now:

Read our attached report Decide whether you are going to attend the meeting, and Complete and return your proof of debt, and if required, proxy form by 4:00pm on 19

December 2017.

You can access information which may assist you on the following websites:

ARITA at www.arita.com.au/creditors/ ASIC at www.asic.gov.au/ (search for “insolvency information sheets”).

Otherwise, please contact our office should you require further information. Yours faithfully

John McInerney Joint And Several Liquidator Appointment Date: Wednesday, 26 July 2017 Contact Name: Emily Cramp or Erica Xu Contact Number: (02) 8297 2679 or (02) 8297 2511 Email: emily.cramp@au.gt.com or erica.xu@au.gt.com Attachments

Meeting notice and other meeting information Update report to creditors Remuneration Approval Report Formal Proof of Debt or Claim (Form 535) Appointment of Proxy Form

Insolvency Practice Rules 75-15 - 75-35

Corporations Act 2001

NOTICE OF MEETING OF CREDITORS OF COMPANY

A2Z PROPERTY MAINTENANCE PTY LTD (IN LIQUIDATION) ACN 163 263 590 (“the Company”)

Notice is given that a meeting of the creditors of the Company will be held as follows:

Date: Wednesday, 20 December 2017 Time: 3:00 PM Address: Level 17, 383 Kent Street, Sydney NSW Agenda The purpose of the meeting is to:

Provide an update on the progress of the liquidation to date Consider and approve the Joint and Several Liquidators entering into the Conditional

Litigation Funding Agreement with Ayham (Alex) Batarseh pursuant to Section 477(2B) of the Corporations Act;

To consider and approve the Joint and Several Liquidators’ remuneration; and Any other business that might be brought forward

Attending and voting at the meeting

Creditors are invited to attend the meeting, however they are not entitled to participate and vote at a meeting unless:

Proof of debt: They have lodged with the Joint and Several Liquidators particulars of the debt or claim and the claim has been admitted, wholly or in part, by the Joint and Several Liquidators. If a proof of debt has already been lodged, they do not need to do so again. Refer to Note 1 for further guidance on entitlement to vote.

Proxies or attendance: They are either present in person or by electronic facilities (if being made available) or validly represented by proxy, attorney or an authorised person under s250D of the Corporations Act. If a corporate creditor or represented, a proxy form, power of attorney or evidence of appointment of a company representative pursuant to Section 250D of the Corporations Act 2001 (“the Act”) must be validly completed and provided to the Joint and Several Liquidators at or before the meeting.

A proxy is only valid for a particular meeting and will need to be resubmitted even if previously provided.

To enable sufficient time to review, proofs of debt and proxies (or document authorising the representation) should be submitted to Emily Cramp on emily.cramp@au.gt.com or Level 17, 383 Kent Street, Sydney NSW 2000 by no later than 4:00 PM on Tuesday, 19 December 2017. If you choose to return these documents, please allow sufficient time for the documents to be received prior to the due date. Telephone conference facilities will be available on request.

Any queries should be directed to emily.cramp@au.gt.com or (02) 8297 2679. Dated 29 November 2017

................................ Signature of John McInerney Joint and Several Liquidator

Level 17, 383 Kent Street, Sydney NSW 2000

Note 1: Entitlement to vote and completing proofs

IPR (Corp) 75 85 Entitlement to vote at meetings of creditors (1) A person other than a creditor (or the creditor’s proxy or attorney) is not entitled to vote at a meeting of

creditors. (2) Subject to subsections (3), (4) and (5), each creditor is entitled to vote and has one vote. (3) A person is not entitled to vote as a creditor at a meeting of creditors unless:

(a) his or her debt or claim has been admitted wholly or in part by the external administrator; or (b) he or she has lodged, with the person presiding at the meeting, or with the person named in the

notice convening the meeting as the person who may receive particulars of the debt or claim: (i) those particulars; or (ii) if required—a formal proof of the debt or claim.

(4) A creditor must not vote in respect of: (a) an unliquidated debt; or (b) a contingent debt; or (c) an unliquidated or a contingent claim; or (d) a debt the value of which is not established;

unless a just estimate of its value has been made. (5) A creditor must not vote in respect of a debt or a claim on or secured by a bill of exchange, a promissory

note or any other negotiable instrument or security held by the creditor unless he or she is willing to do the following: (a) treat the liability to him or her on the instrument or security of a person covered by subsection (6) as

a security in his or her hands; (b) estimate its value; (c) for the purposes of voting (but not for the purposes of dividend), to deduct it from his or her debt or

claim. (6) A person is covered by this subsection if:

(a) the person’s liability is a debt or a claim on, or secured by, a bill of exchange, a promissory note or any other negotiable instrument or security held by the creditor; and

(b) the person is either liable to the company directly, or may be liable to the company on the default of another person with respect to the liability; and

(c) the person is not an insolvent under administration or a person against whom a winding up order is in force.

Report to Creditors

A2Z PROPERTY MAINTENANCE PTY LTD (IN LIQUIDATION)

ACN 163 263 590 (“the Company”) We refer to our Statutory Report to Creditors dated 17 October 2017 (“Statutory Report”) and provide a further update on the progress of the liquidation. This report should be read in conjunction with our Statutory Report. Update on the progress of the liquidation Assets and liabilities Trade Debtors In our Statutory Report, we advised that the books and records of the Company disclosed that the Company had four (4) outstanding trade debtors in the amount of $182,950 and that the Company’s Director advised that only three (3) outstanding trade debtors whose debts totalled $40,550 were collectible. To date, we have issued two (2) rounds of letters of demand for payment to these debtors. A summary status on the collection of debtors and next steps follows:

We received $308 from Whelan Property Group; We are yet to receive a response from Sydney Strata who owes the Company $39,739. We have

referred this debt to a debt collection agency and will consider taking legal action for recovery if required. Based on evidence presently available, we assess there are good prospects of recovery of this debt.

Ucer International disputed the amount of $503 on the basis the work invoiced was not completed. Based on the evidence provided, this debtor has been written off as uncollectible.

Motor Vehicles In our Statutory Report, we advised that the Company had four (4) vehicles registered in its name. Shortly after our appointment we sold two (2) vehicles to the Company’s director for $15,000, in line with the red-book valuation of same. Registration of the remaining two (2) vehicles has expired. These vehicles are currently located at a farm in Llandilo, NSW. Based on further information provided by the Director, we do not expect any material recoveries from the two remaining vehicles. This is due to their age and condition. We are, however, considering options to at least recover ‘scrap’ value should this be commercial to pursue. Contingent Assets (legal proceedings) Our Statutory Report provided background on a legal action commenced by the Company against McDonalds Australia Ltd (“McDonalds”) in around June 2017 for $1.5 million. The Company asserts that this claim represents the amount McDonalds owes the Company for the termination of seven (7) cleaning contracts (“the Proceedings”). The Company’s director and solicitor on file at commencement of the Proceedings assert there is merit to the claim. McDonalds reject this assertion and have advised that they will vigorously defend the Proceedings. By consent, the parties have agreed that the Proceedings be stood over until February 2018 so that the Liquidators can further investigate this claim. To date the Liquidators have conducted a high level review of the available evidence presented to them and are continuing to assess the merits of the claim and whether to continue the Proceedings. The Liquidators will shortly commence a Public Examination of key McDonald’s staff pursuant to section 596B of the Corporations Act 2001 (“the Act”). The public examination process is separate and distinct from continuing with the Proceedings and is an investigative procedure available only to a Liquidator whereby a liquidator can gather information from any party under Oath about the examinable affairs of a Company.

The Public Examination is estimated to cost approximately $35,000 (plus GST). This estimate does not include the outstanding Liquidators costs to date or estimated future costs of the Liquidators nor does it include the costs of continuing the Proceedings. As there are presently minimal funds available in the Liquidation, the Director of the Company, Mr Ayham (Alex) Batarseh, has advised he is prepared to fund the cost of the Public Examination and hence the Liquidators have entered into a conditional funding agreement with Mr Batarseh. As prescribed by section 477(2B) of the Act, the funding agreement requires creditor approval. This is because it is likely that the funding agreement will extend for more than three (3) months. In the event the funding agreement is not approved by creditors, the Liquidators will need to apply to Court to seek approval of same. This will result in further costs being incurred, which in our view will be unnecessary. A meeting of creditors has been convened for 20 December 2017, at which time the Liquidators will seek creditor approval of the conditional funding agreement. The key terms of the conditional funding agreement are:

The Liquidators will control of the public examination proceedings; The Director will provide funding in instalments at key milestones to cover the legal costs associated

with the public examination, estimated at $35,000 plus GST; and Should the Liquidators recover funds from McDonalds (either through any subsequent legal proceeding

or via an offer of settlement), the funder will be reimbursed the amount advanced to fund the public examination as a priority cost in the Liquidation.

In return for funding the Public Examinations, should there be a return available from any subsequent legal proceeds or via settlement, an application may subsequently be made to the Court pursuant to section 564 of the Act to give Mr Batarseh an advantage or priority over other creditors in consideration for the risk being taken. Should any other creditor/s be interested in funding the public examinations (or the Proceedings, if and when they re-commence), please contact this office in writing by 4:00pm on 15 December 2017. Further information can then be provided to enable creditors to further assess the opportunity. Investigations Our investigations have identified a potential preference claim against the Australian Taxation Office (“ATO”) totalling $7,500 representing payments received by the ATO, at a time when the ATO ought to have known the Company was insolvent in the 6 months prior to the Liquidation. We are in the process of lodging a claim with the ATO with respect to this claim. Receipts and Payments Tabled below is a summary of the Liquidators’ receipts and payments for the period from the date of the liquidation on 26 July 2017 to 29 November 2017.

$ Receipts Sale of Motor Vehicle and Trailer 15,000.00 Account Receivables (Pre-appointment debtors) 308.00 RMS refunds 165.00 Total Receipts 15,473.00 Payments Bank Charges 5.30 GST paid 1,363.00 Legal Fees 345.40 Liquidators’ remuneration 10,995.05 Liquidators’ disbursements 170.74 Total Payments 12,879.49 Net Receipts/(Payment) 2,593.51

Cost of the liquidation We refer to the Report to Creditors dated 27 July 2017 which disclosed that the Liquidators’ remuneration be approved up to the amount of $50,000 (plus any applicable GST and disbursements) which was subsequently approved by creditors at the meeting of creditors on 8 August 2017. To date only $9,996 (plus GST) has been paid to the Liquidators’ for their remuneration. There are currently insufficient funds available to pay the remainder of costs incurred to date and future costs. To date additional work performed by the Liquidators include:

Dealing with two (2) additional vehicles that were not disclosed at the time of the liquidation appointment;

Protracted dealings with debtors and liaising with the Company’s director for evidence to prove the existence and validity of the debt;

Additional unforeseen tasks in relation to the Proceedings, which included sourcing evidence to support the Company’s claim and seeking out and instructing a new set of solicitors to assist with the Public Examination; and

Unforeseen dealings with creditors regarding the liquidation after notice of the liquidation had been sent to all known creditors.

As disclosed above, there are outstanding matters that need to be carried out in the Liquidation. We estimate the Liquidators’ time costs to attend to same will be a further amount of $30,012 (plus GST). The types of future additional tasks include:

Liaising with debt collector and possibly solicitor regarding any disputes from Sydney Strata in relation to debtor recovery and potential settlement negotiations;

Liaising with an independent valuer regarding two unregistered motor vehicles and attempting to realise at least the “Scrap” value for same;

Further investigations into the ATO unfair preference claim; Preparing and lodgement of ATO unfair preference claim form and potential negotiations regarding

settlement of the claim; Reviewing and execution of funding agreement between the Company and the Director in respects to

the Public Examination; Preparing further reports to creditors on the outcome of the Public Examination and following recovery

actions (if any) and convening further meetings of creditors to consider any settlement offer.

Accordingly, while additional fee approval is being sought, same can and will only be drawn should there be a recovery of funds from the claim against McDonalds and/or successful debtor recoveries. Included in the documentation issued with this report is a detailed report on our remuneration, called a Remuneration Approval Report. We are unable to pay our remuneration without the approval of creditors or the Court, and until such time as there are sufficient asset recoveries to pay our approved remuneration. Meetings A meeting of creditors to consider this update, the funding agreement and our remuneration will be held as follows: Date: Wednesday, 20 December 2017 Time: 3:00 PM Address: Level 17, 383 Kent Street, Sydney NSW Further meeting information, including notice of meeting and details of the information you are required to provide if you plan to attend the meeting have been provided together with this report. What to do next You should now:

Read the attached report, Decide whether you are going to attend the meeting, and Complete and return your proof of debt, and if required, proxy form by 4:00pm on 19 December 2017.

You can access information which may assist you on the following websites:

ARITA at www.arita.com.au/creditors/ ASIC at www.asic.gov.au/ (search for “insolvency information sheets”).

Otherwise, please contact our office should you require further information. Yours faithfully

John McInerney Joint and Several Liquidator Encl.

Remuneration Approval Report

A2Z PROPERTY MAINTENANCE PTY LTD (IN LIQUIDATION) A.C.N. 163 263 590 (“the Company”) This remuneration approval report provides you with the information you need to be able to make an informed decision regarding the approval of our remuneration for undertaking the Creditors Voluntary Liquidation of A2Z Property Maintenance Pty Ltd.

This report has the following information included:

Part 1: Declaration ......................................................................................................................................................... 2

Part 2: Executive Summary ............................................................................................................................................ 2

Part 3. Remuneration ..................................................................................................................................................... 2

3.1 Remuneration claim resolutions .......................................................................................................... 2

3.2 Details of remuneration ....................................................................................................................... 2

3.3 Total remuneration reconciliation ........................................................................................................ 3

3.4 Likely impact on dividends .................................................................................................................. 4

3.5 Remuneration recovered from external sources ................................................................................. 4

Part 4: Disbursements .................................................................................................................................................... 4

Part 5: Report on Progress of the Administration ........................................................................................................... 5

Part 6: Queries ............................................................................................................................................................... 5

Schedule 1 – Resolution 1 Table of major tasks for remuneration ................................................................................. 6

What do you need to do next?

You should read this report and the other documentation that we have sent you and then attend the meeting of creditors in order to voice your opinion by casting your vote on the resolutions put to the meeting. The meeting will also give you an opportunity to ask any questions that you may have.

Alternatively, you are also able to appoint a representative to attend on your behalf by lodging a proxy form. Lodging a specific proxy form allows you to specify how your proxy must vote. Lodging a general proxy form allows your representative to choose how your vote is exercised.

Information about the meeting of creditors is provided in the accompanying Notice of Meeting.

If you have any questions or need any assistance, please contact Emily Cramp on (02) 8297 2679 or via email on emily.cramp@au.gt.com.

Part 1: Declaration

Said Jahani and I, John McInerney, of Grant Thornton Australia Limited have undertaken a proper assessment of this remuneration claim for our appointment as Joint and Several Liquidators of A2Z Property Maintenance Pty Ltd (In Liquidation) in accordance with the law and applicable professional standards. We are satisfied that the remuneration claimed is in respect of necessary work, properly performed, or to be properly performed, in the conduct of the Creditors Voluntary Liquidation.

Part 2: Executive Summary

The total remuneration for this appointment is estimated to be $80,012 (excluding GST).

This has increased compared to our previous estimate of $50,000 (excluding GST) which was set out in the Initial Advice to Creditors dated 27 July 2017. We are seeking an increase in fee approval by $30,012 (excluding GST).

Remuneration currently claimed and previously approved is summarised below:

Period Report Reference

Amount (ex GST)

Current Remuneration claim:

Resolution 1: 20 December 2017 to completion of the liquidation Sch 1 $30,012

Past remuneration approved:

26 July 2017 to completion of the liquidation $50,000

TOTAL remuneration claimed and approved $80,012

* Approval for the future remuneration sought is based on an estimate of the work necessary to the completion of the administration. Should additional work be necessary beyond what is contemplated, further approval may be sought from creditors.

Please refer to report section references detailed in the above table for full details of the calculation and composition of the remuneration approval sought.

Part 3. Remuneration

3.1 Remuneration claim resolutions

We will be seeking approval of the following resolution to approve our remuneration. Details to support the resolution are included in section 3.2 and in the attached Schedules.

Resolution 1: From 20 December 2017 to completion of the liquidation.

“That the future remuneration of the Joint and Several Liquidators for the period from 20 December 2017 to finalisation of the Creditors Voluntary Liquidation, is determined at a sum equal to the cost of time spent by the Joint and Several Liquidators and their partners and staff, calculated at the hourly rates as detailed in the Initial Remuneration Notice dated 27 July 2017 provided to creditors, up to a capped amount of $30,012, exclusive of GST, and that the Joint and Several Liquidators can draw the remuneration from available funds as time is incurred on a monthly basis or as funds become available”.

3.2 Details of remuneration

The basis of calculating the remuneration claim is summarised below and the details of the major tasks performed and the costs associated with each of those major tasks are contained in Schedule 1.

Resolution 1: From 20 December 2017 to completion of the liquidation.

The below table sets out the expected costs for the major tasks likely to be performed by the Joint and Several Liquidators and our staff for the period 20 December 2017 to completion of the liquidation which is the basis of the Resolution 1 claim. More detailed descriptions of the tasks likely to be performed within each task area, matching the amounts below, are contained in Schedule 1.

3.3 Total remuneration reconciliation

At this point in time we estimate that the total remuneration for this Creditors Voluntary Liquidation will be $80,012 (excluding GST). This includes the current approval amount being sought of $30,012 (excluding GST).

To date, we have drawn $9,996 (plus GST) and applied it in payment of our remuneration. While only $9,996 has been drawn to date, remuneration can only be paid if there are sufficient asset realisations to pay same. We are now seeking approval of a further amount of $30,012 to cover additional costs to be incurred to complete the liquidation.

This estimate differs to the estimate of costs provided in the Initial Remuneration Notice dated 27 July 2017, which estimated a cost of the administration of $50,000 (excluding GST), for the reasons of additional time costs incurred and to be incurred, which are summarised below:

Additional Time Costs Incurred

Dealing with two (2) additional vehicles that were not disclosed at the time of the liquidation appointment;

Protracted dealings with debtors and liaising with the Company’s director for evidence to prove the existence and validity of the debt;

Additional unforeseen tasks in relation to the Proceedings, which included sourcing evidence to support the Company’s claim and seeking out and instructing a new set of solicitors to assist with the Public Examination; and

Unforeseen dealings with creditors regarding the liquidation after notice of the liquidation had been sent to all known creditors.

Additional Time Costs to be Incurred

Liaising with debt collector and possibly solicitor regarding any disputes from Sydney Strata in relation to debtor recovery and potential settlement negotiations;

Liaising with an independent valuer regarding two unregistered motor vehicles and attempting to realise at least the “Scrap” value for same;

Further investigations into the ATO unfair preference claim; Preparing and lodgement of ATO unfair preference claim form and potential negotiations regarding

settlement of the claim; Reviewing and execution of funding agreement between the Company and the Director in respects to

the Public Examination; Preparing further reports to creditors on the outcome of the Public Examination and following recovery

actions (if any) and convening further meetings of creditors to consider any settlement offer.

Hrs $ Hrs $ Hrs $ Hrs $ Hrs $650 2.0 $1,300.00 0.5 $325.00 1.0 $650.00 0.0 $0.00 0.0 $0.00 0.5 $325.00575 10.0 $5,750.00 1.0 $575.00 5.0 $2,875.00 2.0 $1,150.00 1.0 $575.00 1.0 $575.00

Danielle Franjic 550 11.0 $6,050.00 1.0 $550.00 10.0 $5,500.00 0.0 $0.00 0.0 $0.00 0.0 $0.00520 1.0 $520.00 0.5 $260.00 0.0 $0.00 0.0 $0.00 0.0 $0.00 0.5 $260.00400 23.0 $9,200.00 1.0 $400.00 5.0 $2,000.00 2.0 $800.00 13.0 $5,200.00 2.0 $800.00220 25.1 $5,522.00 3.1 $682.00 10.0 $2,200.00 2.0 $440.00 5.0 $1,100.00 5.0 $1,100.00270 5.5 $1,485.00 2.5 $675.00 0.0 $0.00 0.0 $0.00 0.0 $0.00 3.0 $810.00185 1.0 $185.00 1.0 $185.00 0.0 $0.00 0.0 $0.00 0.0 $0.00 0.0 $0.00

78.6 $30,012.00 10.6 $3,652.00 31.0 $13,225.00 6.0 $2,390.00 19.0 $6,875.00 12.0 $3,870.00

ARITA Tasks$/Hr

(excl. GST)

Total HoursEmployee Position

Total Cost excl. GST ($)

Admin Assets Creditors Investigations Statutory

Said Jahani Partner John McInerney Director

David Trehy Manager

Treasury Assistant

Erica Xu Emily Cramp Eva Petalio Conte

Undergraduate Senior Associate

Senior Manager

Rachel Hughes Secretary

It is noted that the above estimate does not include cost estimates should legal action be commenced following the Public Examinations. Should it be determined commercial to commence legal action and litigation funding is available, the Liquidators will need to reassess their likely costs.

We have provided an explanation of tasks remaining to be completed, including our estimated costs to complete those tasks, to support our current remuneration approval request, at section 3.2 of the report and in Schedule 1.

In preparing this remuneration approval report, we have made our best estimate at what we believe the Creditors Voluntary Liquidation will cost to complete. However, should the Creditors Voluntary Liquidation not proceed as expected, we will advise creditors and we may seek approval of further remuneration and provide details on why the remuneration has changed. Matters that may affect the progress and the cost of the Creditors Voluntary Liquidation, include:

The public examination process being protracted; and Subsequent to the public examinations, the Liquidators determining that they wish to continue with the

legal action against McDonalds and litigation funding is available to do so.

3.4 Likely impact on dividends

The Corporations Act sets the order for payment of claims against the Company and it provides for remuneration of the Joint and Several Liquidators to be paid in priority to other claims. This ensures that when there are sufficient funds, the Joint and Several Liquidators receives payment for the work done to recover assets, investigate the company’s affairs, report to creditors and ASIC and distribute any available funds. Even if creditors approve our remuneration, this does not guarantee that we will be paid, as we are only paid if sufficient assets are recovered.

Any dividend to creditors will also be impacted by the amount of assets that we are able to recover and the amount of creditor claims that are admitted to participate in any dividend, including any claims by priority creditors such as employees.

We are unable to provide a dividend estimate of any certainty at this stage of the Creditors Voluntary Liquidation. If we do declare a dividend, any creditor whose claim has not yet been admitted will be contacted and asked to submit a proof of debt.

3.5 Remuneration recovered from external sources

While the Liquidators will be entering a funding agreement to cover legal costs, we confirm that the funding agreement will not provide any funds to cover the Liquidators’ remuneration.

Part 4: Disbursements

Disbursements are divided into three types:

Externally provided professional services - these are recovered at cost. An example of an externally provided professional service disbursement is legal fees.

Externally provided non-professional costs - these are recovered at cost. Examples of externally provided non-professional costs are travel, accommodation and search fees.

Internal disbursements such as photocopying, printing and postage. These disbursements, if charged to the Administration, would generally be charged at cost; though some expenses such as telephone calls, photocopying and printing may be charged at a rate which recoups both variable and fixed costs. The recovery of these costs must be on a reasonable commercial basis. Details of the basis of recovery of each of these costs are discussed below.

We have undertaken a proper assessment of disbursements claimed for A2Z Property Maintenance Pty Ltd (In Liquidation) in accordance with the law and applicable professional standards. We are satisfied that the disbursements claimed are necessary and proper.

We do not propose to charge any internal disbursements.

Part 5: Report on Progress of the Administration

Accompanying this Remuneration Approval Report is a separate Report to Creditors and Notice of Meeting. These documents provide further information on the progress of the liquidation to date and on the upcoming meeting on 20 December 2017.

Part 6: Queries

If you have any queries in relation to the information in this report, please contact our staff:

You can also access information which may assist you on the following websites:

ARITA at www.arita.com.au/creditors ASIC at www.asic.giv.au (search for “insolvency information sheets”).

Contact Name: Emily Cramp Contact Number: (02) 8297 2679 Email: emily.cramp@au.gt.com

Schedule 1 – Resolution 1 Table of major tasks for remuneration

The below table provides a description of the work to be undertaken in each major task area for the period 20 December 2017 to the completion of the liquidation

Task Area General Description Includes

Assets [31 hours] [$13,225.00]

Plant and Equipment Realisation of remaining assets Debtors Correspondence with the debtor

Liaising with debt collectors and solicitors Review any disputes from the debtor and consider any settlement offer from the debtor

Creditors [6 hours] [$2,390.00]

Creditor Enquiries, Requests & Directions

Receive and respond to creditor enquiries Considering reasonableness of creditor requests Documenting reasons for complying or not complying with requests or directions Compiling information requested by creditors

Dealing with proofs of debt Receipting and filing POD when not related to a dividend Corresponding with ATO regarding POD when not related to a dividend

Meeting of Creditors Preparation of meeting notices, proxies and advertisements Forward notice of meeting to all known creditors Preparation of meeting file, including agenda, certificate of postage, attendance register, list of creditors, reports to creditors, advertisement of meeting and draft minutes of meeting. Preparation and lodgement of minutes of meetings with ASIC Responding to stakeholder queries and questions immediately following meeting

Investigation [19 hours] [$6,875.00]

Conducting investigation Reviewing company’s books and records Review of specific transactions and liaising with directors regarding certain transactions

Preference Payments Collating further information to support preference payment action Issue demand for preference payment Pursuing recovery of preference payments

Legal / Examinations Preparing brief to solicitor Liaising with solicitor(s) regarding examinations Finalise funding agreement Reviewing documentation/evidence which supports process and liaising with lawyers and Director re same Attendance at examination Reviewing examination transcripts Liaising with solicitor(s) regarding outcome of examinations and further actions available

Litigation / Recoveries Internal meetings to discuss status of litigation Preparing brief to solicitors Liaising with solicitors regarding recovery actions Attending to negotiations Attending to settlement matters

Administration [10.6 hours] [$3,652.00]

Document maintenance/file review/checklist

Six monthly administration reviews Filing of documents File reviews Updating checklists

Task Area General Description Includes Bank account administration Preparing correspondence opening and closing

accounts Bank account reconciliations Correspondence with bank regarding specific transfers Entering receipts and payments into accounting system

Planning / Review Discussions regarding status of administration Books and records / storage Dealing with records in storage

Sending job files to storage Statutory [12.0 hours] [3,870.00]

ASIC Form 524 and other forms Preparing and lodging ASIC forms including 524 Correspondence with ASIC regarding statutory forms Liaising with ASIC

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FORM 535 subregulation 5.6.49(2)

Corporations Act 2001

FORMAL PROOF OF DEBT OR CLAIM (GENERAL FORM)

To the Liquidator of A2Z PROPERTY MAINTENANCE PTY LTD (IN LIQUIDATION) ACN 163 263 590 (the “Company”)

1. This is to state that the company was on 26 July 2017, and still is, justly and truly indebted to: full name, ABN and

address of the creditor and, if applicable, the creditor's partners. If prepared by an employee or agent of the creditor, also insert a description of

the occupation of the creditor) for $ dollars and cents

Particulars of the debt are: Date Consideration Amount Remarks (state how the debt arose) (include details of voucher substantiating payment) $

2. To my knowledge or belief the creditor has not, nor has any person by the creditor's order, had or received any satisfaction or security for the sum or any part of it except for the following: (insert particulars of all securities held. If the securities are on the property of the company, assess the value of those securities. If any bills or

other negotiable securities are held, show them in a schedule in the following form).

Date Drawer Acceptor Amount Due Date $

3. Signed by (select option):

� I am the creditor personally.

� I am employed by the creditor and authorised in writing by the creditor to make this statement. I know that the debt was incurred for the consideration stated and that the debt, to the best of my knowledge and belief, remains unpaid and unsatisfied.

� I am the creditor's agent authorised in writing to make this statement in writing. I know the debt was incurred for the consideration stated and that the debt, to the best of my knowledge and belief, remains unpaid and unsatisfied.

Signature: Dated:

Name: Occupation:

Address:

RECEIVE REPORTS BY EMAIL Yes No

Do you wish to receive all future reports and correspondence from our office via email?

Email:……………………………………………………………………………

Insolvency Practice Rules, 75-25 Corporations Act 2001

APPOINTMENT OF PROXY

A2Z PROPERTY MAINTENANCE PTY LTD (IN LIQUIDATION) ACN 163 263 590 (the

“Company”) *I/*We (name of signatory) of (creditor name)

a creditor of A2Z PROPERTY MAINTENANCE PTY LTD appoint (name of proxy)

of (address of proxy)

or in his or her absence (details of alternate

proxy)

as *my/*our *general/*special proxy to vote at the meeting of creditors to be held on Wednesday, 20 December 2017, or at any adjournment of that meeting.

If a special proxy, specify how you wish your proxy to vote for each of the resolutions.

Resolutions For Against Abstain

1. To approve the entering into by the Joint and Several Liquidators of the Conditional Litigation Funding Agreement with Ayham (Alex) Batarseh pursuant to Section 477(2B) of the Corporations Act.

2. That the future remuneration of the Joint and Several Liquidators for the period from 20 December 2017 to finalisation of the Creditors Voluntary Liquidation, is determined at a sum equal to the cost of time spent by the Joint and Several Liquidators and their partners and staff, calculated at the hourly rates as detailed in the Initial Remuneration Notice dated 27 July 2017 provided to creditors, up to a capped amount of $30,012, exclusive of GST, and that the Joint and Several Liquidators can draw the remuneration from available funds as time is incurred on a monthly basis or as funds become available.

*I/*We authorise *my/*our proxy to vote as a general proxy on resolutions other than those specified above (delete if not required) Signature: Dated:

*Omit if inapplicable