Verbrec Limited continues to build momentum by securing an additional $8.8 million of new multi-year contracts and renegotiation of an existing contract. Whilst the agreements are not individually material (in terms of revenue) they are a strong reflection of the Company's momentum and the licence agreement provides an important validation of the StacksOnTM software technology from a commercialisation standpoint. The new contracts include: A 3-year Operations and Maintenance contract for gas pipelines and associated infrastructure for an existing client (the current contract expires in November 2021). Under this new contract Verbrec will continue to operate and maintain this critical infrastructure through to November 2024; A multi-year software licence agreement for StacksOnTM; and A renegotiation and increase in contract value of an existing engineering design contract. This project is expected to complete in November 2021.