----

| 1      | Name of Corporation                              | 1                                            |
|--------|--------------------------------------------------|----------------------------------------------|
|   |                                             |                                         |
| 2      | Status of the Constitution                       | 1                                            |
|   |                                             |                                         |   |
|   | 2.1                                              | Constitution      of the Company             | 1 |
|   | 2.2                                              | Replaceable      Rules                       | 1 |
|   |                                             |                                         |   |
| 3      | Interpretation                                   | 1                                            |
|   |                                             |                                         |   |
|   | 3.1                                              | Definitions                                  | 1 |
|   | 3.2                                              | Interpretation                               | 2 |
|   |                                             |                                         |   |
| 4      | Member’s liability                         | 2                                            |
|   |                                             |                                         |   |
|   | 4.1                                              | Liability      to contribute                 | 2 |
|   | 4.2                                              | Limited      liability                       | 2 |
|   |                                             |                                         |   |
| 5      | Member resolutions                               | 3                                            |
|   |                                             |                                         |   |
|   | 5.1                                              | Written      resolutions                     | 3 |
|   | 5.2                                              | Minutes                                      | 3 |
|   |                                             |                                         |   |
| 6      | Appointment and removal of      Directors        | 3                                            |
|   |                                             |                                         |   |
|   | 6.1                                              | Number      of Directors                     | 3 |
|   | 6.2                                              | Appointment      of Directors                | 3 |
|   | 6.3                                              | Removal      of Director                     | 3 |
|   | 6.4                                              | Confirmation      of appointment             | 3 |
|   | 6.5                                              | Cessation      of directorship               | 4 |
|   | 6.6                                              | Resignation      of Directors                | 4 |
|   |                                             |                                         |   |
| 7      | Powers and duties of Board                       | 4                                            |
|   |                                             |                                         |
| 8      | Negotiable instruments                           | 5                                            |
|   |                                             |                                         |
| 9      | Managing Director                                | 5                                            |
|   |                                             |                                         |
| 10     | Alternate Directors                              | 5                                            |
|   |                                             |                                         |   |
|   | 10.1                                             | Appointment      and terms of appointment    | 5 |
|   | 10.2                                             | No      liability                            | 6 |
|   | 10.3                                             | Remuneration      of alternate               | 6 |
|   | 10.4                                             | Notice      and attendance at Board meetings | 6 |
|   | 10.5                                             | Voting      of alternate                     | 6 |
|   | 10.6                                             | Termination      of appointment of alternate | 6 |
|   | 10.7                                             | Cessation      of appointment of alternate   | 7 |
|   |                                             |                                         |   |
| 11     | Remuneration and reimbursement for      expenses | 7                                            |
|   |                                             |                                         |   |
|   | 11.1                                             | Remuneration      of Director                | 7 |
|   | 11.2                                             | Reimbursement      of expenses               | 7 |
|   |                                             |                                         |   |
| 12     | Board meetings                                   | 7                                            |
|   |                                             |                                         |   |
|   | 12.1                                             | Convening      meetings                      | 7 |
|   | 12.2                                             | Notice      of meetings                      | 7 |
|   | 12.3                                             | Omission      to give notice                 | 7 |

----

|   | 12.4                       | Use      of technology                                          | 8      |
|--------|----------------------------|-----------------------------------------------------------------|--------|
|   | 12.5                       | Quorum      at meetings                                         | 8      |
|   | 12.6                       | Chair      of meetings                                          | 8      |
|   | 12.7                       | Passing      resolutions at meetings                            | 8      |
|   | 12.8                       | Casting      vote                                               | 9      |
|   | 12.9                       | Conduct      of meetings                                        | 9      |
|   | 12.10                      | Written      resolutions                                        | 9      |
|   | 12.11                      | Minutes      of meetings                                        | 9      |
|   | 12.12                      | Committee      meetings                                         | 9      |
|   |                       |                                                            |   |
| 13     | Director’s interests | 9                                                               |
|   |                       |                                                            |   |
|   | 13.1                       | Declaration      of interest                                    | 9      |
|   | 13.2                       | Voting      by interested Directors                             | 10     |
|   |                       |                                                            |   |
| 14     | Appointment of Secretary   | 10                                                              |
|   |                       |                                                            |
| 15     | Seal                       | 10                                                              |
|   |                       |                                                            |
| 16     | Financial records          | 11                                                              |
|   |                       |                                                            |   |
|   | 16.1                       | Member's      access to financial records                       | 11     |
|   | 16.2                       | Directors’      access to financial records               | 11     |
|   | 16.3                       | Access      to financial records after ceasing to be a Director | 11     |
|   |                       |                                                            |   |
| 17     | Notices                    | 11                                                              |
|   |                       |                                                            |   |
|   | 17.1                       | General                                                         | 11     |
|   | 17.2                       | How      to give a communication                                | 11     |
|   | 17.3                       | Communications      by post                                     | 11     |
|   | 17.4                       | Communications      by fax                                      | 12     |
|   | 17.5                       | Communications      by email                                    | 12     |
|   | 17.6                       | After      hours communications                                 | 12     |
|   |                       |                                                            |   |
| 18     | Indemnity and insurance    | 12                                                              |
|   |                       |                                                            |   |
|   | 18.1                       | Indemnity                                                       | 12     |
|   | 18.2                       | Documenting      indemnity                                      | 13     |
|   | 18.3                       | Insurance                                                       | 13     |
|   |                       |                                                            |   |
| 19     | Winding up                 | 13                                                              |

----

| 1 | Name      of Corporation |
|---|--------------------------|

| 2 | Status      of the Constitution |
|---|---------------------------------|

| 2.1 | Constitution      of the Company |
|-----|----------------------------------|

| 2.2 | Replaceable      Rules |
|-----|------------------------|

| 3 | Interpretation |
|---|----------------|

| 3.1 | Definitions |
|-----|-------------|

|   |  (a) | the      Company; and |
|--------|-----------|-----------------------|

|   |  (b) | each      of its subsidiaries from time totime. |
|--------|-----------|-------------------------------------------------|

----

| 3.2 | Interpretation |
|-----|----------------|

|   |  (a) | the      words “including”, “include” and “includes” are to      be construed without limitation;                                                                                                     |
|--------|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |      |                                                                                                                                                                                                                                                |
|   |  (b) | a      reference to legislation is to be construed as a reference to that      legislation, any subordinate legislation under it, and that legislation      and subordinate legislation as amended, re-enacted or replaced for the      time being; |

|   |  (c) | headings      are used for convenience only and are not intended to affect the      interpretation of this Constitution;and |
|--------|-----------|-----------------------------------------------------------------------------------------------------------------------------|

|   |  (d) | a      word or expression defined in the Corporations Act and used, but not      defined, in this Constitution has the same meaning given to it in the      Corporations Act. |
|--------|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4 | Member’s      liability |
|---|-------------------------------|

| 4.1 | Liability      to contribute |
|-----|------------------------------|

|   |  (a) | payment      of debts and liabilities of theCompany; |
|--------|-----------|------------------------------------------------------|

|   |  (b) | payment      of the costs, charges and expenses of winding up;  and |
|--------|-----------|---------------------------------------------------------------------|

|   |  (c) | any      adjustment of the rights of the contributories among    Members. |
|--------|-----------|---------------------------------------------------------------------------|

| 4.2 | Limited      liability |
|-----|------------------------|

----

| 5 | Member      resolutions |
|---|-------------------------|

| 5.1 | Written      resolutions |
|-----|--------------------------|

| 5.2 | Minutes |
|-----|---------|

|   |  (a) | Within      one month after the Member passes a resolution, the record of the      resolution must be recorded in a minutebook. |
|--------|-----------|---------------------------------------------------------------------------------------------------------------------------------|

|   |  (b) | A      Director must sign the minutes within one month after the passing of the      resolution. |
|--------|-----------|--------------------------------------------------------------------------------------------------|

|   |  (c) | The      minute books must be kept at the registered  office. |
|--------|-----------|---------------------------------------------------------------|

|   |  (d) | The      Member may inspect the minute books between the hours of 9.00 am and      5.00 pm on any Business Day.  No amount may be charged for      inspection. |
|--------|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6 | Appointment      and removal of Directors |
|---|-------------------------------------------|

| 6.1 | Number      of Directors |
|-----|--------------------------|

|   |  (a) | The      number of Directors must not be less than one.  At least one      Director must reside ordinarily inAustralia. |
|--------|-----------|-----------------------------------------------------------------------------------------------------------------------------------|

|   |  (b) | Notwithstanding      any other rule, if there is only one Director, that Director may act as      the sole Director of the Company.  The sole Director must reside      ordinarily in Australia. |
|--------|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2 | Appointment      of Directors |
|-----|-------------------------------|

|   |  (a) | Subject      to this Constitution, the Board may by resolution at a Board meeting      appoint a natural person as a Director, as an additional Director or to      fill the office of a Director vacated when a Director ceases to be a      Director. |
|--------|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (b) | An      appointment of a person as a Director is not effective unless a signed      consent to the appointment is provided by that person to the Company. The      appointment of a person as a Director will take effect on the later of the      date of appointment and the date on which the Company receives the signed      consent. |
|--------|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.3 | Removal      of Director |
|-----|--------------------------|

|   |  (a) | The      Company may remove a Director byresolution. |
|--------|-----------|------------------------------------------------------|

|   |  (b) | On      the removal of a Director, the Company may by resolution appoint another      person as a Director instead. |
|--------|-----------|---------------------------------------------------------------------------------------------------------------------|

| 6.4 | Confirmation      of appointment |
|-----|----------------------------------|

----

| 6.5 | Cessation      of directorship |
|-----|--------------------------------|

|   |  (a) | having      been appointed by the Board as a Director, the appointment is not      confirmed by resolution of the Company within two months after the      appointment is made; |
|--------|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (b) | is      removed from office as a Director by a resolution of the      Company; |
|--------|-----------|--------------------------------------------------------------------------------|

|   |  (c) | resigns      as a Director in accordance with this  Constitution; |
|--------|-----------|-------------------------------------------------------------------|

|   |  (d) | is      subject to assessment or treatment under any mental heath law and the      Board resolves that the person should cease to be a    Director; |
|--------|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (e) | dies; |
|--------|-----------|-------|

|   |  (f) | is      disqualified from acting as a director under the Corporations      Act. |
|--------|-----------|---------------------------------------------------------------------------------|

|   |  (g) | is      absent from Board meetings for a continuous period of [number] months without      leave of absence from the Board and the Board resolves that the Director’s      office should be vacated; or |
|--------|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (h) | is      required by the Board to resign or vacate the office of      Director. |
|--------|-----------|--------------------------------------------------------------------------------|

| 6.6 | Resignation      of Directors |
|-----|-------------------------------|

| 7 | Powers      and duties of Board |
|---|---------------------------------|

|   |  (a) | Subject      to this Constitution and the Corporations Act, the activities of the      Company are to be managed by, or under the direction of, the      Board. |
|--------|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (b) | Subject      to this Constitution and the Corporations Act, the Board may exercise all      powers of the Company that are not required to be exercised by the      Company. |
|--------|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (c) | The      powers of the Board include the powerto: |
|--------|-----------|---------------------------------------------------|

|   | (i) | borrow      or otherwise raise money; |
|--------|-----|---------------------------------------|

|   | (ii) | mortgage,      charge (including in the form of a floating charge) any of the Company’s      assets (both present and future);and |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | issue      debentures and other securities, and any instrument (including any      bond). |
|--------|-------|-------------------------------------------------------------------------------------------|

|   |  (d) | The      Board may delegate any of its powersto: |
|--------|-----------|--------------------------------------------------|

|   | (i) | a      Director; |
|--------|-----|------------------|

|   | (ii) | a      committee of Directors; |
|--------|------|--------------------------------|

----

|   | (iii) | an      employee of the Company; or |
|--------|-------|-------------------------------------|

|   | (iv) | any      other person. |
|--------|------|------------------------|

|   |  (e) | The      Directors may act in the best interests of the Company’s holding      company. |
|--------|-----------|-----------------------------------------------------------------------------------------------|

| 8 | Negotiable      instruments |
|---|-----------------------------|

| 9 | Managing      Director |
|---|------------------------|

|   |  (a) | The      Board may appoint one or more of the Directors to the office of Managing      Director for such period, and on such terms (including as to      remuneration), as the Boarddetermines. |
|--------|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (b) | The      Board may confer on a Managing Director any of the powers that the Board      may exercise. |
|--------|-----------|------------------------------------------------------------------------------------------------------|

|   |  (c) | The      Board may vary or revoke a conferral of any power on the Managing      Director. |
|--------|-----------|-------------------------------------------------------------------------------------------|

|   |  (d) | The      Board may at any time vary or revoke an appointment of a Managing      Director. |
|--------|-----------|-------------------------------------------------------------------------------------------|

|   |  (e) | A      person ceases to be a Managing Director if they cease to be a      Director. |
|--------|-----------|-------------------------------------------------------------------------------------|

| 10 | Alternate      Directors |
|----|--------------------------|

| 10.1 | Appointment      and terms of appointment |
|------|-------------------------------------------|

|   |  (a) | If      a Director wishes to appoint a person as an alternate, that Director must      give notice to the Companydetailing: |
|--------|-----------|-----------------------------------------------------------------------------------------------------------------------------|

|   | (i) | the      name, experience and qualifications of the  person; |
|--------|-----|--------------------------------------------------------------|

|   | (ii) | the      terms upon which the Director intends to appoint the person as an      alternate, including whether the person is to exercise some or all of the      powers of the Director and the proposed terms of the appointment;      and |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | whether      or not the alternate is to get notice of each meeting the Director is      entitled to attend. |
|--------|-------|-------------------------------------------------------------------------------------------------------------|

|   |  (b) | The      Board may ask for further information from the alternate in relation to      the alternate’s qualifications andexperience. |
|--------|-----------|-------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (c) | If      the alternate is a Director, the appointment will take effect      immediately. |
|--------|-----------|-----------------------------------------------------------------------------------------|

----

|   |  (d) | If      the alternate is not a Director, at the first meeting of the Board after      the notice of the proposed appointment has been received by the Board, the      Board must consider the proposed appointment and either accept or reject      the appointment.  If the Board accepts the appointment of the      alternate, the Director may appoint the person on the terms of      appointment. |
|--------|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (e) | Where      the alternate is not a Director, an appointment of a person as an      alternate is not effective until a signed consent to the appointment is      provided by that person to the Company.  Accordingly, such an      appointment will take effect on the later of the date of appointment and      the date on which the Company received the signed  consent. |
|--------|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (f) | An      alternate is not an agent of the Director appointing the      alternate. |
|--------|-----------|----------------------------------------------------------------------------------|

| 10.2 | No      liability |
|------|-------------------|

| 10.3 | Remuneration      of alternate |
|------|--------------------------------|

| 10.4 | Notice      and attendance at Board meetings |
|------|----------------------------------------------|

| 10.5 | Voting      of alternate |
|------|--------------------------|

| 10.6 | Termination      of appointment of alternate |
|------|----------------------------------------------|

|   |  (a) | A      Director who appointed an alternate may terminate the appointment of the      alternate at any time by notice to the alternate, the Directors and the      Company. |
|--------|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (b) | An      alternate may terminate the alternate's appointment at any time by notice      to the Directors and the Company. |
|--------|-----------|--------------------------------------------------------------------------------------------------------------------------|

|   |  (c) | A      termination of appointment does not take effect until the Company has      received notice of termination. |
|--------|-----------|-------------------------------------------------------------------------------------------------------------------|

----

| 10.7 | Cessation      of appointment of alternate |
|------|--------------------------------------------|

| 11 | Remuneration      and reimbursement for expenses |
|----|--------------------------------------------------|

| 11.1 | Remuneration      of Director |
|------|-------------------------------|

| 11.2 | Reimbursement      of expenses |
|------|--------------------------------|

|   |  (a) | attendance      at meetings of the Board or committees of the Board;  and |
|--------|-----------|---------------------------------------------------------------------------|

|   |  (b) | the      Company’s business. |
|--------|-----------|------------------------------------|

| 12 | Board      meetings |
|----|---------------------|

| 12.1 | Convening      meetings |
|------|-------------------------|

|   |  (a) | In      the ordinary course, the Secretary will convene Board meetings in      accordance with the determinations of theBoard. |
|--------|-----------|--------------------------------------------------------------------------------------------------------------------------------|

|   |  (b) | A      Director may at any time convene a Board meeting by notice to the other      Directors. |
|--------|-----------|------------------------------------------------------------------------------------------------|

| 12.2 | Notice      of meetings |
|------|-------------------------|

|   |  (a) | Reasonable      notice of each Board meeting must be given to the Directors and each      alternate entitled to receive notice (ifany). |
|--------|-----------|-----------------------------------------------------------------------------------------------------------------------------------------|

|   |  (b) | Each      notice must state: |
|--------|-----------|------------------------------|

|   | (i) | the      date, time and place (or places) of themeeting; |
|--------|-----|----------------------------------------------------------|

|   | (ii) | the      general nature of the business to be conducted at the Board meeting;      and |
|--------|------|----------------------------------------------------------------------------------------|

|   | (iii) | any      proposed resolutions. |
|--------|-------|--------------------------------|

| 12.3 | Omission      to give notice |
|------|------------------------------|

|   |  (a) | that      meeting; |
|--------|-----------|--------------------|

|   |  (b) | any      change of place (or places) of that Board  meeting; |
|--------|-----------|--------------------------------------------------------------|

|   |  (c) | postponement      of that Board meeting; or |
|--------|-----------|---------------------------------------------|

|   |  (d) | resumption      of that adjourned Boardmeeting. |
|--------|-----------|-------------------------------------------------|

----

| 12.4 | Use      of technology |
|------|------------------------|

|   |  (a) | A      Board meeting may be convened or held using any technology consented to by      all.  The consent may be a standing one.  A Director      may withdraw consent to the use of a particular technology within a      reasonable time period before a Boardmeeting. |
|--------|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (b) | If      a number of Directors equal to the quorum is able to hear or to see and to      hear each other Director contemporaneously using any technology consented      to by all Directors, there is a meeting and that meeting is quorate. The      rules relating to meetings of Directors apply to each such      meeting. |
|--------|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (c) | A      Director participating at a meeting using technology consented to by all      Directors is treated as being present in person at the      meeting. |
|--------|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (d) | A      meeting using technology consented to by all Directors is to be taken to      be held at the place determined by the chair of the    meeting. |
|--------|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (e) | A      Director may not leave a meeting using technology consented to by all      Directors unless the chair consents to that Director    leaving. |
|--------|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (f) | A      Director is presumed conclusively to have been present and to have formed      part of a quorum at all times during a meeting using technology consented      to by all Directors, unless the chair consents to that Director leaving in      which case that Director will be treated as having been present until that      Director leaves. |
|--------|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.5 | Quorum      at meetings |
|------|-------------------------|

|   |  (a) | A      quorum at a Board meeting is at least [number] of the      Directors present in person.  The quorum must be present at all      times during the Board meeting. |
|--------|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (b) | If      there is only one Director, that sole Director must pass resolutions in      writing by recording each resolution and signing the record of that      resolution. |
|--------|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.6 | Chair      of meetings |
|------|------------------------|

|   |  (a) | At      the first Board meeting a chair will be elected from the Directors present      in person (not by alternate).  The person that has been elected      as chair may chair each subsequent Board meeting.  At any      subsequent Board meeting, a new chair may be elected.  On the      election of the new chair, the new chair will chair subsequent Board      meetings. The Directors may elect a Director to chair a Board meeting by a      majority vote. |
|--------|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (b) | If      the chair is not present within 30 minutes after the time appointed for a      Board meeting or if the chair is unwilling or unable to act as chair for      the whole or any part of that Board meeting, the Directors present may      elect a Director present to chair that Board  meeting. |
|--------|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.7 | Passing      resolutions at meetings |
|------|--------------------------------------|

|   |  (a) | A      resolution of the Board must be passed by a majority of the votes cast by      the Directors entitled to vote on the  resolution. |
|--------|-----------|------------------------------------------------------------------------------------------------------------------------------------------|

----

|   |  (b) | Each      Director present in person or by alternate is entitled to vote and has one      vote. |
|--------|-----------|-------------------------------------------------------------------------------------------------|

| 12.8 | Casting      vote |
|------|-------------------|

| 12.9 | Conduct      of meetings |
|------|--------------------------|

| 12.10 | Written      resolutions |
|-------|--------------------------|

| 12.11 | Minutes      of meetings |
|-------|--------------------------|

|   |  (a) | Within      one month after each Board meeting, the Directors must record or cause to      be recorded in the minute books: |
|--------|-----------|-----------------------------------------------------------------------------------------------------------------------------|

|   | (i) | the      proceedings and resolutions of each Board meeting;  and |
|--------|-----|------------------------------------------------------------------|

|   | (ii) | all      resolutions passed without a Boardmeeting. |
|--------|------|-----------------------------------------------------|

|   |  (b) | The      chair, or the chair of the next Board meeting, must sign the minutes      within one month after the meeting. |
|--------|-----------|------------------------------------------------------------------------------------------------------------------------|

|   |  (c) | The      minute books must be kept at the registered  office. |
|--------|-----------|---------------------------------------------------------------|

|   |  (d) | The      Directors may inspect the minute books between the hours of 9:00 am      and 5:00 pm on any Business Day.  No amount may be charged      for inspection. |
|--------|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.12 | Committee      meetings |
|-------|-------------------------|

| 13 | Director’s      interests |
|----|---------------------------------|

| 13.1 | Declaration      of interest |
|------|------------------------------|

|   |  (a) | Any      Director who has a material personal interest in a contract or proposed      contract of the Company, holds any office or owns any property such that      the Director might have duties or interests which conflict or may conflict      either directly or indirectly with the Director’s duties or interests as a      Director, must give the Board notice of the interest at a Board      meeting. |
|--------|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   |  (b) | A      notice of a material personal interest must set  out: |
|--------|-----------|--------------------------------------------------------------|

|   | (i) | the      nature and extent of the interest;and |
|--------|-----|------------------------------------------------|

|   | (ii) | the      relation of the interest to the affairs of the  Company. |
|--------|------|-------------------------------------------------------------------|

|   |  (c) | The      notice must be provided to the Board at a Board meeting as soon as      practicable. |
|--------|-----------|-----------------------------------------------------------------------------------------------|

| 13.2 | Voting      by interested Directors |
|------|-------------------------------------|

|   |  (a) | must      not vote on the matter at a meeting;and |
|--------|-----------|---------------------------------------------------|

|   |  (b) | must      not be present while the matter is being considered at the meeting, and      accordingly will not count for the purposes of determining whether there      is a quorum. |
|--------|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (a) | the      Director may vote on the matter at ameeting; |
|--------|-----------|-------------------------------------------------------|

|   |  (b) | any      transactions that relate to the material personal interest may      proceed; |
|--------|-----------|---------------------------------------------------------------------------------------|

|   |  (c) | the      Director may retain benefits under the transaction even though the      Director has a material personal interest;and |
|--------|-----------|--------------------------------------------------------------------------------------------------------------------------------|

|   |  (d) | the      Company cannot avoid the transaction merely because of the existence of      the interest. |
|--------|-----------|-----------------------------------------------------------------------------------------------------|

| 14 | Appointment      of Secretary |
|----|-------------------------------|

|   |  (a) | The      Board may appoint a natural person to act as Secretary on the terms and      for such a period as the Board maydetermine. |
|--------|-----------|------------------------------------------------------------------------------------------------------------------------------------|

|   |  (a) | The      Company must have at least one Secretary.  The Board has the      power to appoint a natural person to act as secretary on the terms and for      such period as the Board maydetermine. |
|--------|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (b) | Any      Secretary appointed may be removed at any time by the    Board. |
|--------|-----------|--------------------------------------------------------------------------|

| 15 | Seal |
|----|------|

|   |  (a) | If      the Company has a Seal the Directors must provide for the safe custody of      the Seal (and any duplicate of it). |
|--------|-----------|----------------------------------------------------------------------------------------------------------------------------|

|   |  (b) | The      Seal (and any duplicate of it) must not be used without the prior      authority of the Board, and when used, the Seal must be used in accordance      with any direction of theBoard. |
|--------|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   |  (c) | If      a document is to be executed by the use of the Seal, the fixing of the      Seal must be witnessed by two Directors or a Director and      Secretary. |
|--------|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16 | Financial      records |
|----|------------------------|

| 16.1 | Member's      access to financial records |
|------|-------------------------------------------|

| 16.2 | Directors’      access to financial records |
|------|---------------------------------------------------|

| 16.3 | Access      to financial records after ceasing to be a  Director |
|------|------------------------------------------------------------------|

| 17 | Notices |
|----|---------|

| 17.1 | General |
|------|---------|

| 17.2 | How      to give a communication |
|------|----------------------------------|

|   |  (a) | personally      delivered; |
|--------|-----------|----------------------------|

|   |  (b) | left      at the person’s current address as recorded in the Register of      Members; |
|--------|-----------|----------------------------------------------------------------------------------------------|

|   |  (c) | sent      to the person’s address as recorded in the Register of Members by pre-paid      ordinary mail or, if the address is outside Australia, by pre-paid      airmail; |
|--------|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (d) | sent      by fax to the person’s current fax number for notices;  or |
|--------|-----------|----------------------------------------------------------------------------|

|   |  (e) | sent      by email to the person’s current email address for  notices. |
|--------|-----------|------------------------------------------------------------------------------|

| 17.3 | Communications      by post |
|------|-----------------------------|

|   |  (a) | within      Australia to an Australian address, three Business Days after      posting; |
|--------|-----------|-----------------------------------------------------------------------------------------|

|   |  (b) | outside      Australia to an address outside Australia, ten Business Days after      posting. |
|--------|-----------|-----------------------------------------------------------------------------------------------|

----

| 17.4 | Communications      by fax |
|------|----------------------------|

| 17.5 | Communications      by email |
|------|------------------------------|

| 17.6 | After      hours communications |
|------|---------------------------------|

|   |  (a) | after      5:00 pm in the place of receipt;or |
|--------|-----------|----------------------------------------------------|

|   |  (b) | on      a day which is a Saturday, Sunday or bank or public holiday in the place      of receipt, |
|--------|-----------|---------------------------------------------------------------------------------------------------|

| 18 | Indemnity      and insurance |
|----|------------------------------|

| 18.1 | Indemnity |
|------|-----------|

|   |  (a) | To      the extent permitted by the Corporations Act and subject to the      Corporations Act, the Company must indemnify each officer, Director and      Secretary or any person who has been an officer, Director or Secretary of      the Company out of the assets of the Company against any liability, loss,      damage, cost, or expense incurred or to be incurred by the officer,      Director or Secretary in or arising out of the conduct of any activity of      the Company or in or arising out of the proper performance of the      officer’s, Director’s or Secretary’s duties including any liability, loss,      damage, cost, charge and expense incurred by that officer, Director or      Secretary in defending any proceedings, whether civil or criminal, which      relate to anything done or omitted to be done or alleged to have been done      or omitted to be done by the officer, Director or Secretary, in which      judgment is given in the officer’s, Director’s or Secretary’s favour or in      which the officer, Director or Secretary is acquitted or in connection      with any application in relation to any such proceedings in which relief      is granted by the court to the officer, Director or    Secretary. |
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|   |  (b) | This      indemnity is not intended to indemnify any officer, Director or Secretary      in respect of any liability in respect of which the Company must not give      an indemnity, and should be construed and, if necessary, read down      accordingly. |
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| 18.2 | Documenting      indemnity |
|------|----------------------------|

| 18.3 | Insurance |
|------|-----------|

|   |  (a) | To      the extent permitted by the Corporations Act and subject to the      Corporations Act, the Company may pay any premium in respect of a contract      of insurance between an insurer and an officer, Director or Secretary of      the Company in respect of the liability suffered or incurred in or arising      out of the conduct of any activity of the Company and the proper      performance by the officer, Director or Secretary of any    duty. |
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|   |  (b) | If      the Board determines, the Company may execute a document containing rules      under which the Company agrees to pay any premium in relation to such a      contract of insurance. |
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| 19 | Winding      up |
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