FIRST LITHIUM LIMITED — Capital/Financing Update 2017

Dec 10, 2017

LIMITED ACN: 009 081 770

ASX Announcement 11 December 2017

OOKAMI TO ACQUIRE STRATEGIC STAKE IN BLOCKCHAIN COMPANY ‘BRONTECH’

Highlights

• Ookami has agreed to acquire strategic equity position in blockchain company ‘Brontech Pty Ltd’

• Brontech has Tier 1 clients in banking, insurance and financial services sectors

• Unique identity verification, big data market and KYC verified client database

• Leading blockchain technologist Ms Emma Poposka to join the Board of Ookami

Ookami Limited (ASX: OOK) ( OOK or the Company ) is pleased to announce that it has entered into an agreement to acquire a strategic equity position in award-winning blockchain company Brontech Pty Ltd ( Brontech ), conditional upon obtaining shareholder approval pursuant to Chapter 11.1.2 of the Listing Rules as required by the ASX.

Ookami’s business model is to develop an ecosystem of advanced technology solutions encompassing ‘smart contracts’ and blockchain technologies, secure identity management and verification (‘Know Your Client’) ( KYC ) and anti-money laundering ( AML ) applications, data analytics, cryptocurrency solutions and security and encryption applications.

These should be both complementary to the Company’s Akela Platform, whilst also allowing for mass adoption by third parties within the ecosystem. The Company has identified the Brontech technology as having key strategic synergies.

Brontech

Brontech has developed a ubiquitous data marketplace and digital identity platform that collects data directly from its users. Brontech’s data marketplace, built on blockchain ‘lossless’ technology, disrupts the traditional data brokerage models such as those offered by Equifax, Experian and Acxiom by empowering people to capture the monetary value of their personal information. Unlike centralised data driven models where third parties (e.g. Google and Facebook) hold contextual data on their users without the intention for its cross domain utilisation, Brontech enables its data wallet holders to use this information across contexts and to actively participate in the future of the data driven economy. Most importantly, the company is empowering users to have a higher level of control over how their personal data (anonymised or including Personally Identifiable Information-PIIs) is shared with third parties. Brontech’s data exchange platform can incorporate Facebook, Twitter, LinkedIn and Google+ identity data feeds with up to 10,000 unique data points per customer. The company is actively working to incorporate additional data sources such as bank feeds, shopping accounts, governmental sources etc.

This unparalleled clustering of data creates the basis for the development of future business models that will unleash a new wave of technologies driven by big data, machine learning & artificial intelligence (ML/AI) and smart personalisation.

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LIMITED
ACN: 009 081 770
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To make the process secure, resilient and reliable, Brontech is developing unique IP for blockchain backed decentralised data storage and management. Brontech’s solutions are fully compliant and are leveraging the new local and global legislation changes regarding consumer privacy and data ownership such as General Data Protection Regulation ( GDPR ) in EU and Data Portability Initiative by the Productivity Commission in Australia.

Brontech, headquartered in Sydney Australia, was established in July 2016. Since the public launch of the MyBron data and identity marketplace stable version in May 2017, Brontech has experienced strong growth with ~ 3,000 identity verified users on the platform to date, more than 1 million attributes in the data pool and established client contracts and partnerships with Tier 1 bank, global insurance and accounting firms.

Brontech supplies its corporate and SME clients with unique data products that are used for advanced analytics and market research. The company is also expanding its offerings of data products for the purposes of training Machine Learning algorithms to further appeal to its data buyers. Furthermore, the company has developed API to cater for clients that need to seamlessly extract data on individual level with explicit consent from the wallet holders. The API enables streamlined and instantaneous identity verification with zero friction. The platform is governed by strict Privacy Policy rules in compliance with the Privacy Act 1998 and the upcoming changes in regard to data portability.

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LIMITED
ACN: 009 081 770
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In the past year, Telstra’s Muru-D Accelerator (a technology accelerator backed by Telstra), Blue Chilli Accelerator (a venture capital backed accelerator) and the Artesian Fund (BCVF-venture capital fund) have also taken strategic investments in Brontech.

With the investment backing of Ookami and its other equity partners, Brontech is rapidly expanding its blockchain based technology, cultivating one of the first ‘Big Data’ marketplaces where personal and identity data will be accessed, integrated, authorised and accepted in anonymised form by third-party purchasers and as consented identifiable set by platform developers for frictionless on-boarding and verification.

The company has also won numerous awards such as People’s Choice award in the Westpac’s innovation challenge, winner of the Westpac’s 200 Businesses of tomorrow and winner of the SheStarts prize award supported by corporations such as ANZ, MYOB and GSK. Due to its innovative technology Brontech also received a highly competitive Acceleration Commercialisation Grant by the Australian Government (AusIndustry).

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Brontech’s blockchain powered ID verification and data marketplace with a digital wallet rewards program, enables users to benefit from their data and to share it on their terms. Known as MyBron, this two-sided data marketplace matches data sellers and buyers and pays its users with rewards directly into their digital wallet.

LIMITED ACN: 009 081 770

Integration of Brontech’s technology in the Akela Platform will:

• Provide an additional and superior layer of verification utilising blockchain technology to Akela’s existing KYC/AML processes enabling the platform to confidently scale, as well as enter into new third-party partnerships and product offerings

• Allow the verification of individual’s bank accounts, social media accounts and other professional and personal information data sets thereby allowing for up to 10,000 additional data points per customer.

• Provide data portability compatible with the EU GDPR Directive and identity solutions across the entire Akela ecosystem as well as to third party clients and partners of Akela, delivering higher net value per customer, and data integrity and acceptance across partners.

• Increase the Akela user base by providing a channel to access to Brontech Platform’s existing user base of ~3,000 Identity Verified Australian members.

• Via the Brontech data marketplace, provide Akela unparalleled access to customer insights.

• Allow Brontech clients with verified bank accounts to be instantly verified for Akela and seamlessly partake in offerings on the Akela platform.

• Significantly enhance Akela’s marketing reach through Brontech’s smart marketing strategies and analytics to acquire 'look-alike' customers from LinkedIn, Facebook, and other social media platforms, thus enabling better targeting of existing and new potential customers.

• Provide Akela the technology ‘know how’ and exposure to superior personal identity verification and management, advanced data analytics, as well as new revenue opportunities via access to purchasers within the data marketplace.

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It is also envisioned that verification of individuals will be done utilising Brontech’s blockchain backed identity protocol. This means that the Akela database as well as other Brontech client databases of verified individuals, with their approval, can be easily on-boarded to other financial providers. This eliminates the need for repeated verification and allows effective, safe and securely encrypted transfer of customer identity information to other investment firms, which will grow the Akela platform with network partners.

LIMITED ACN: 009 081 770

Details of the Investment

• Subject to shareholder approval, Ookami will acquire a strategic equity holding of 18.23% in Brontech Pty Ltd, for A$933,240. This is part of an A$1,000,000 capital raise facilitated by Cadmon Advisory.

• Brontech Founder and CEO, Ms Emma Poposka, will be appointed to the Board of Ookami as a nonexecutive Director upon shareholder approval.

• The investment will be subject to approval at a meeting of shareholders as required under ASX Listing rule 11.1.2, the details of which will be outlined in the Company’s Notice of Meeting document to be dispatched as soon as practicable.

Board Appointment

Ms Emma Poposka CEO & Founder - Brontech

It is proposed that Founder and CEO of Brontech, Ms Emma Poposka, be appointed as a non-executive Director to the Board of Ookami by shareholder resolution at the general meeting to approve the Brontech investment. Emma holds a Masters Degree in Computer Science and Masters in Business Administration (General management). She has 10 years’ experience in technology and software development across different stages of the software development life cycle. During her career she has worked on several large-scale software projects for the public and private sector and taken up varied roles in the software development lifecycle, including project manager, programmer and QA engineer. She has consulted on major projects with international organisations including the United Nations Development Program (UNDP), United States Agency for International Development (USAID) and The European Commission (EC).

Emma has been involved in the blockchain space since late 2012. In 2015, after the inception of the Ethereum blockchain, she was one of the pioneers in incorporating “smart contracts” within a software solution. She is also a regular speaker at technology conferences and summits, judge at blockchain hackathons, as well as trainer and advisor for technical and commercial development of blockchain solutions.

Emma is an Alumni at Telstra Muru-D and Blue Chilli Accelerator program. She leverages technology to solve data and value driven business issues, improve business performance and deliver more agile, streamlined, cost-effective and customer friendly solutions. She is particularly interested in the synergies between technology, game theory and monetary theory and how they will be applied to the upcoming technological and social paradigm shifts.

About Brontech

Brontech is Sydney based company that is pioneering a blockchain backed platform for data exchange and identity management. The company is also building complementary proprietary applications to extract data from various sources and pack them into anonymised data products that are sold to corporations and SMEs as insights and research tools. In its diverse data product offering is also included the MyBron API that enables individuals and companies to exchange verified information in a Peer-to-Peer manner where the data is verified through the company’s proprietary identity verification protocol that pulls data from diverse set of sources.

Individuals and entities can find more information on Brontech’s products at www.bron.tech

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About Akela

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LIMITED
ACN: 009 081 770
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Akela’s proprietary financial services software and transaction management platform provides Australian Financial Services Licence (AFSL) holders a streamlined total management solution to capital raisings and distribution of public and private offerings. Akela is a unique ‘Service Platform’ with Peer-to-Peer (P2P) community, Business-toBusiness (B2B), KYC) and compliance and data collection & analytics capabilities.

Individuals and entities can continue to register on the platform and gain access to current and future offerings at www.akela.vc

About Akela Mobile App

iOS and Android users have access to the Akela Platform mobile app via the App Store and Google Play. The app will be initially free for all users, but will require a membership with the Akela Platform to use. Once logged into the app, investors will be linked with their account. Your investment progress will be linked across any device that you log in from. The mobile app is another tool that the Akela Platform provides to give you the best investment experience on the web.

For further information, please contact:

Corporate Advisors Otsana Capital 108 Outram Street West Perth WA 6005 Telephone: +61 8 9486 7244 www.otsana.com