Advanced Engine Components Limited executed a binding heads of agreement to acquire Investia Technologies Pty Ltd for AUD 1 million on October 5, 2015. Advanced Engine Components will issue 17.5 million shares of its common stock and 17.5 million options subject to ASX escrow provisions. Advanced Engine will also issue 32.5 million deferred consideration shares with 15 million upon Investia achieving 25,000 registers users on the Investia Platform within 18 months of listing on the ASX and 17.5 million upon Investia achieving AUD 25 million total capital raised on the Investia Platform within 24 months from listing on the ASX. Advanced Engine Components will seek to re-comply on the ASX as a technology company and to be renamed Ookami Limited. The Board of Directors after closing is expected to comprise Faldi Ismail, Brendan de Kauwe, Peter Wall and Chris Ntoumenopoulos.

The transaction is subject to Advanced Engine shareholder approval for the change of its business from an automobile and components company to a software & technology company, shareholder approval to change the name of Advanced Engine Components Limited to Ookami Limited, completion of due diligence by Advanced Engine Components on Investia's business and operations, to the sole satisfaction of Advanced Engine Components within 1 month of the agreement being executed, Advanced Engine Components obtaining all necessary regulatory approvals or waivers pursuant to the ASX Listing Rules, Corporations Act or any other law to allow Advanced Engine Components to lawfully complete the matters set out in the agreement, including but not limited to, conditional approval to reinstatement of Advanced Engine Components to official quotation on ASX following completion of the transaction on conditions satisfactory to Advanced Engine Components and Investia, execution by the Investia shareholders of ASX restriction agreements for the consideration shares and consideration options, establishment of a performance rights plan, Advanced Engine Components undertaking a capital raising an raising not less than AUD 3.4 million through the offer of Advanced Engine Components shares at a price of not less than AUD 0.02 per share and Advanced Engine Components obtaining all necessary shareholder approvals pursuant to the ASX Listing Rules to issue 25 million unlisted options to brokers in part consideration for capital raising fees in respect of the capital raising and issue up to 15 million shares on completion to convert convertible loans granted by Advanced Engine Components to third party investors. As of November 24, 2015, ASX has granted a waiver of ASX Listing Rule 7.3.2 to permit the notice of meeting seeking shareholder approval for the issue of the deferred consideration shares. As of December 24, 2015, the transaction was approved by the shareholders of Advanced Engine. The transaction is expected to close in November 2015.

Advanced Engine Components Limited completed the acquisition of Investia Technologies Pty Ltd on January 25, 2016.