PARKD Ltd. signed a binding Heads of Agreement (HOA) with Axiom Properties Ltd. (Axiom) for the purpose of seeking opportunities within Australia for developing and constructing car parks in the private and public sectors. The HOA is for a term of 18 months. The partnership will offer unique value to clients by exercising Axiom's experience in funding property development and PARKD's expertise in the delivery of technical design and construction solutions.

In the event that Axiom and PARKD are awarded a project the parties will negotiate in good faith and enter into a formal agreement governing the project.