intelliHR Holdings Limited has entered into a contract to provide People Management Software to a US headquartered customer with operations throughout Australia, the United States, New Zealand, Thailand, India, the UK and North America. This new customer contract is IHR's large customer win to date, based on contract value. The contract entered into is for a period of three years and if fully implemented will represent revenue of approximately $350,000 $400,000 over the life of the contract. The implementation involves rolling out People Management Software across multiple countries (800 head count). Timing and completion of these implementations could impact the pace and certainty of realization of the full value of the contract. In the opinion of the Board, this contract with DBM Vircon (Australia) Pty Ltd.