Ann: Notice of Default , page-7

This is a notice of default.
"ASOF has notified UXA that all amounts outstanding (which is currently $500,000) together with interest and costs will be due and payable by UXA, without the need to give further notice, if both of the conditions below are not satisfied by 4:00pm (Queensland time) on 2 November 2012:"---

there are 2 conditions the 2nd most important, and i for one cannot see any "investor" willing to put more money into this _______ or whatever you call it?
I wonder now if management can keep pulling salaries( last cashflow report showed administration costs at $659,000)