MUNJARRA CO-OPERATIVE SKI CLUB LIMITED

Transfer of Shares

1. Members wishing to sell /transfer their shares are asked to advise the Membership Director (Andrew Payne) that they wish to sell. A list is kept of members who wish to sell and this is given to person's seeking shares.

Membership Director:
Amanda Taylor - 0407 6900777

2. Once a sale has been agreed between the two parties the existing member (seller) should contact Nexia Court & Co [additional details below]. Please note that neither Nexia Court & Co or the Board will advise on current market price of shares. Contact details are:
Nexia Court & Co,
PO Box H195,
Australia Square NSW 1215.
Tel: (02) 9251 4600

The person responsible for keeping our share records and handling transfers is Angie Jerenko. All transfer of shares must be handled by Nexia Court & Co.

Please note:
- All subscription monies must be paid before the sale/transfer can be processed.
- Members are advised to point out to the buyer the Club's website www.munjarra.com.au
- Copies of the Clubs ‘Articles of Association’ are available on request.

PROCEDURE AFTER AGREEMENT BETWEEN BUYER / SELLER
The procedures to be followed in order to transfer shares held by another party in Munjarra Co-Operative Ski Club are as follows:

- In order to transfer the shares The Australian Standard Transfer Form must be completed (indicating clearly the buyer and the seller), signed and returned to this office, Nexia Court & Co, PO Box H195, Australia Square 1215. TRANSFER FORM. Settlement between the buyer and seller should occur at this time.

- The original Share Certificates must also be returned for cancellation. If the seller is unable to locate the Certificate(s) a ‘Replacement Certificate Request’ should be completion and returned. Please call the Nexia Court & Co office to obtain this form.

- Stamp duty is payable on the transfer, estimated at approximately $54.00. The stamp duty is usually borne by the buyer. Therefore, the buyer is to provide Nexia Court & Co with a cheque for $54 payable to the "Office of State Revenue" (OSR). Please also ensure that all your contact details are provided, in the event that the OSR estimates the duty to be higher than estimated by us. Upon receipt of the completed transfer, cheque and Share Certificates, the transfer will be submitted to the OSR for stamping. Stamping can take up to two months, Nexia Court & Co have no control over this.

Once the stamped transfer has been returned to Nexia Court, a new Share Certificates is issued. The new Share Certificate will then be sent to the Membership Director to be signed and to be stamped with the Club's Common Seal . The transfer will then be noted at the next Board meeting. He will advise the seller, the buyer, the Club Records Director (Robert Kerr) and the Booking Manager that the transfer has occurred.

Finally, the Membership Director will send the signed Share Certificate to the buyer with details of membership/ welcome letter/ booking information, etc.

If you have any further queries, please contact Angie Jerenko at Nexia Court &Co, Tel: 02 92514600.