LiveHire Limited announced the signing of a Master Services Agreement ("MSA") with Hiregenics to offer LiveHire's world class direct sourcing solution to Hiregenics' clients.4 LiveHire worked closely with Hiregenics teams to scope this End Client's needs and will utilise its recently raised capital to accelerate the onboarding and customer support. HireGenics is a Workforce Management company headquartered in Duluth, GA, providing comprehensive workforce solutions designed to optimise access to high quality talent. Specialties include Managed Service Programs (MSP), Direct Sourcing, Employer-of-Record/Payrolling, IC Compliance, RPO, and SOW Management.

Scope of the Agreement; LiveHire's Total Talent Acquisition and Direct Sourcing platform has been chosen to provide its direct sourcing technology for use in Hiregenics' services provided to the End Client. The End Client is a Fortune 500 oil and gas company with more than USD 500 million in contingent labour spend in the US and approximately USD 345 million in payrate spend5. Hiregenics and the End Client expect approximately 25% of the contingent labour payrate to be sourced through LiveHire's direct sourcing solution at full ramp 6. The statement of work is for an initial three-year term7 and is a binding agreement between LiveHire and Hiregenics to provide the End Client with LiveHire's Direct Sourcing platform and contains such other terms that are standard in agreements of this nature.

Significance of the Agreement; The board believes that Hiregenics' process for selecting LiveHire, along with the size and scope of the End Client's contingent labour program and direct sourcing mandate demonstrates LiveHire's ability to work with the world's largest companies. This win is also an indication that global enterprise companies are adopting Direct Sourcing as an innovative, crucial "must do" in the face of their growing contingent labour requirements. The Statement of Work has been agreed on LiveHire's standard commercial terms. If 25% of the End Client's contingent labour requirements is hired on LiveHire's platform, the Company expects revenue from the contract to be worth circa AUD 1.3 million annually onc e the End Client reaches full ramp 8. Full Ramp is expected to take circa 24 months.