2 today. Metromap ARR has flatlined this quarter ~7M although still up YOY and a record ARR partner program contract win with Landchecker. SP has been hammered after a pump to 60c don’t think these announcements are going to turn it around but still positive.

MetroMap annual recurring revenue (ARR) was $7.195 million at 31 March 2023, up 13% YoY (March 2022: $6.345 million), down 2% QoQ

Aerometrex signs multi-million dollar MetroMap agreement with Landchecker (Landchecker was founded in 2015 and is owned by RACV, PEXA and the founders. Landchecker provides an all-in-one source of property information to over 90,000 property professionals and is used by Developers, Legal Practitioners, Valuers, Real Estate Agents, Architects, Town Planners and property consumers Australia wide.)

• Minimum payments to Aerometrex of $2.65 million over the 38 month contract term

• Upside revenue opportunities through additional licence sales

This is the largest MetroMap partner program agreement in Aerometrex’s history and will make a strong contribution to MetroMap’s Annual Recurring Revenue (ARR) stream over the contract term.” (3 years)

The key terms include:

1. Landchecker will pay to Aerometrex a minimum annual payment fee of $0.8 million for the fixed number of licences.

2. Landchecker can purchase additional licences above the fixed amount at an agreed price per licence, thereby enabling additional revenue opportunities for Aerometrex and Landchecker over the contract term.

3. The number of additional licences that Landchecker can purchase from Aerometrex above the fixed licence quantity is uncapped.

4. All licence payments are subject to annual fixed indexation and will be invoiced monthly.

Held in RL