RocketBoots Limited announced on the 16th of March it had received payment from Suncorp for a twelve (12) month Beehive subscription to the end of May 2023. RocketBoots is now pleased to announce that it has finalised contracts with Suncorp to extend that term by a further two (2) years ending mid-June 2025 with a new incremental contract value of circa $275K. RocketBoots expects to receive full payment of this contract in advance within the next 60 days.

This extension takes the total future Beehive subscription term to 3 years and demonstrates the long-term value of the Beehive software for retail banks. Material Terms 1. Contract: Suncorp and RocketBoots are party to procurement terms and conditions under which Suncorp may place orders for RocketBoots software products and services. 2. Term: The full term of the contract is 36 months to June 2025 3. Significance of the contract: o $275K in revenue for the Beehive licence, maintenance and support services in addition to the payment already received in March o Contract is invoiced in advance o Demonstrated long term value of Beehive to retail banks o The contract formalises the purchasing terms for all additional branches over the term of the contract.