Auctus Alternative Investments Limited announced that it has entered into a non-binding indicative terms sheet in relation to proposed transactions with Scout Ventures Fund III, L.P, Scout Ventures Fund III, GP, LLC and Bradley C. Harrison (those parties collectively referred to as the Scout Parties). The non-binding indicative Terms Sheet provides for various transactions involving Auctus and the Scout Parties, all of which are subject to execution of formal documentation the material terms of which, including any conditions precedent, will be disclosed by the Company upon, and subject to, execution. Subject to conclusion of definitive documents for the Company's investment in the Scout Fund III GP, Auctus will take appropriate steps to cause Bradley C. Harrison to be appointed a member of the Board of Auctus. Brad is an entrepreneur and seasoned business development executive with a passion for technology, media, entertainment and lifestyle.