Disruptive Investment Group Limited (ASX:DVI) executed a binding term sheet to acquire Nyko Property Pty Ltd for AUD 0.75 million on September 16, 2016. Disruptive Investment Group Limited (ASX:DVI) executed a binding agreement to acquire Nyko Property Pty Ltd for AUD 0.78 million on October 13, 2016. IBUYNEW agreed to acquire Nyko for AUD 0.35 million in cash, 19.4 million in stock, AUD 0.09 million as earn-out in cash and 4.8 million as earn-out in stock. The upfront cash consideration of the transaction will be funded through AUD 1.4 million convertible notes raising. The issue of Convertible Notes is expected to be concluded by the end of September. The earn-out consideration is subject to Nyko achieving a minimum of 85 sales over the 15 months from the completion date. Subject to the completion of due diligence and closure of the transaction, Nyko’s Founder and Managing Director, Mr Bill Nikolouzakis will join IBN/DVI as the Director of Corporate Partnerships. The transaction is subject to due diligence, execution of definitive transaction documentation and certain other conditions.