Cap. 6:07 INSOLVENCY No. 7/2018 FIFTH SCHEDULE (Section 147 (3)) Part A-background, which must include at least(vi) a complete list of all the material assets of the company, as well as an indication as to which assets are held as security by creditors as of the date of the proposal; (vii) a complete list of the creditors of the company as of the date of the proposal, as well as an indication as to which creditors would qualify as secured, statutory preferent and concurrent in terms of the laws of insolvency, and an indication of which of the creditors have proved their claims; (viii) the probable dividend that would be received by creditors, in their specific classes, if the company were to be placed in liquidation; (ix) a complete list of the holders of the company issued securities, and the effect that the proposal would have on them, if any; and (x) \\·hether the proposal includes a proposal made informally by a creditor of the company; (d) Part B-proposals, which must include at least(vii) the nature and duration of any proposed debt moratorium; (viii) the extent to which the company is to be released from the payment of its debts, and the extent to which any debt is proposed to be converted to equity in the company, or another company; (ix) the treatment of contracts and ongoing role of the company; (x) the property of the company that is proposed to be available to pay creditors' claims; (xi) the order of preference in which the proceeds of property of the company will be applied to pay creditors if the proposal is adopted; and (xii) the benefits of adopting the proposal as opposed to the benefits that would be received by creditors if the company were to be placed in liquidation; (e) Part C-assumptions and conditions, which must include at least(iv) a statement of the conditions that must be satisfied, if any, for the proposal to come into operation, and be fully implemented; (v) the effect, if any, that the plan contemplates on the number of employees, and their terms and conditions of employment; and (vi) a projected balance sheet for the company and statement of income and expenses for the ensuing three years, prepared on the assumption that the proposal is accepted. (-+)The projected balance sheet and statement required by subsection (3)(c) (iii)(c) must include a notice of any significant assumptions on which the projections are based; and (d) may include alternative projections based on varying assumptions and contingencies. (5) A proposal must conclude with a certificate by an authorised director or prescribed offlcer of the company stating that any- 345