Verde Resources signs 10-year biochar commercialization deal with Ergon Asphalt for cold paving products

VERDE RESOURCES, INC.

10-year initial term, auto-renew 5 years; first product is cold mix road paving using engineered biochar.
Ergon, largest US asphalt supplier, will use Verde as preferred biochar vendor; revenue sharing and royalty per gallon.
Verde to manage carbon credit monetization from Ergon-Verde products; share net proceeds with Ergon.
Amendment with Biochar Solutions increases annual supply to up to 38,500 tons; joint patent filing for Designer-Blend Char.
Project #1 to commence immediately; non-binding target volumes; international expansion considered starting with Singapore.

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