Without the need for any consent from the Grantor or any other person, each Receiver will have all of the following powers:

1. (Section 420) all of the powers granted to a receiver of property of a corporation under section 420 of the Corporations Act;
2. (Dispose) whether or not in possession, to dispose of the Collateral in such manner and on such terms as the Receiver thinks fit;
3. (Borrow or raise money) to borrow or raise from Marketlend or any other person any money which may be required for any purposes and, if the Receiver thinks fit, to secure any money borrowed or raised by the grant of any Security over the Collateral (whether in the name of the Grantor or otherwise) so that the Security ranks in priority to, pari passu with or after this deed. Marketlend will not be bound to inquire as to the necessity or propriety of any Financial Liability nor be responsible for the misapplication or non-application of any money so borrowed or raised;
4. (Lease) whether or not the Receiver has taken possession, to lease or licence the Collateral in the name of the Grantor or otherwise, for any period and on any terms or to vary or terminate a lease or licence;
5. (Collection) collect the charged debts forming part of the Collateral;
6. (Engage) to engage consultants, contractors, professional advisors, agents and employees (including any person associated with a firm or company in which the Receiver is a member or in which the Receiver is interested and that person may charge for his or her services as if independently retained at a salary or remuneration determined by the Receiver) and the Receiver may act on any advice given by any person so engaged;
7. (Conduct works) to repair, renew, replace, renovate or clean the Collateral, to erect any new buildings or make any improvements to any land forming part of the Collateral and to demolish, alter, rebuild or extend any existing buildings on the Collateral;
8. (Invest proceeds against contingencies) if any of the secured money is contingent, to invest, deposit or hold the Collateral in a form or mode of investment for the time being as the Receiver thinks fit, with like power to vary, transpose or re-invest the investments or deposits from time to time until that part of the secured money ceases to be contingent;
9. (Perform contracts) to perform, observe, carry out, enforce specific performance of, exercise or refrain from exercising, the Grantor’s rights and powers under, obtain the benefit of, and vary or rescind all contracts and rights forming part of the Collateral or entered into in the exercise of any power;
10. (Take proceedings) to institute, conduct or defend any proceedings in law or bankruptcy and to submit to arbitration, mediation or conciliation, in the name of the Grantor or otherwise and on any terms, any proceeding, claim, question or dispute in connection with the Collateral or otherwise;
11. (Compromise) to make any settlement, arrangement or compromise regarding any action, proceeding or dispute arising in connection with the Collateral, to grant to any person involved time or other indulgence and to execute all related releases or discharges as the Receiver thinks expedient in the interests of Marketlend;
12. (Appeal) to appeal against or to enforce any judgment or order in respect of the Collateral;
13. ((Bankrupt debtors and wind up bodies corporate) to make debtors bankrupt and to wind up bodies corporate and to do all things in connection with any bankruptcy or winding up which the Receiver thinks necessary for the recovery or protection of the Collateral or for the security or other benefit of Marketlend;
14. (Delegate) with Marketlend ‘s prior approval, to delegate to any person, for any time, any of the powers including this power of delegation;
15. (File) to file all certificates, registrations and other documents and to take any and all action on behalf of the Grantor which the Receiver believes is necessary to protect, preserve or improve any or all of the Collateral and the rights of the Grantor and Marketlend in respect of any agreement for sale and to obtain for Marketlend all of the benefits of this deed and any other Finance Document;
16. (Operate bank accounts) to open or operate any bank account in the name of the Grantor (whether alone or jointly with any other person) to the exclusion of the Grantor and to deposit or withdraw any money standing to the credit of that account and to sign and endorse or to authorise others to sign and endorse in the name of the Grantor cheques, promissory notes, bills of exchange and other negotiable instruments;
17. (Do all other things) to do all things the law allows an owner of any interest in the Collateral, or any Receiver of the Collateral, to do; and
18. (Do all things as are expedient) to do all other acts and things without limitation as the Receiver thinks expedient,

and any further powers as Marketlend confers on a Receiver by notice in writing to that Receiver.