K2fly Limited confirms it concluded an agreement with The National Trust of Australia to novate the license of The Keeping Place (an Infoscope solution) to the new entity called The Place of Keeping Ltd. The Place of Keeping Ltd. is the new Indigenous owned and controlled not-for-profit company that has been established to own and manage The Keeping Place. The new entity will actively engage with various Aboriginal groups, corporations and Native Title Representative Bodies within Australia to onboard and establish these groups on The Keeping Place platform. As part of the novation agreement a fee of $180,000 was paid to K2fly as the final instalment of the license agreement. K2fly will continue to partner with The Place of Keeping to maintain and support the new implementations of the software for the communities in which it serves on a base annuity of over $50,000 per annum.