Property Connect Inc. entered into a non-binding terms sheet to acquire Conquest Agri Limited (ASX:CQA) in a reverse merger transaction on August 3, 2015. Conquest will issue Property Connect shares in the company to the value of AUD 6 million plus an earn out amount of shares not exceeding AUD 4 million which will be based upon the calendar 2017 revenues of PC. Conquest will issue 120 million shares at AUD 0.05 per share in the transaction. The transaction is subject to regulatory approvals, completion of due diligence on PC to the satisfaction of Conquest, Conquest shareholder approval and ASX approval for the re-quotation of the Company's securities following completion of the proposed transaction and Conquest seeking to undertake a capital raising of not less than AUD 2 million by way of public offer. The extraordinary general meeting is expected to be held on October 23, 2015 and the signing of the agreement is expected to occur on August 21, 2015.

As of October 8, 2015, Property Connect Inc. entered into a stock purchase agreement to acquire Conquest Agri Limited (ASX:CQA) in a reverse merger transaction. Founder of PCI Timothy Manson will be appointed Chief Executive Officer of Conquest Agri Limited. Conquest Agri Limited will issue shares to advisor AUD 0.5 million as consideration for advisory services performed, Rodd Boland and Steven Cole will resign as Directors of Conquest Agri Limited. Nominees of Property Connect Inc. will be appointed as Directors. As of December 16, 2015, Conquest Agri shareholders approved the deal.