{"schema_version":"secwatch.filing_event.v1","accession":"0001640334-22-002506","form_type":"8-K","ticker":"VRDR","cik":"0001506929","company_name":"VERDE RESOURCES, INC.","filed_at":"2022-11-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.912672+00:00","generated_at":"2026-06-21T13:03:42.947258+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Verde Resources subsidiary enters exclusive CBD distribution deal in Malaysia","bullets":["VLI grants Country Farms exclusive right to distribute white-label CBD products in Malaysia for 3 years.","CF pays $200k deposit; $70k applied to first order, $130k retained for exclusivity.","Payment terms: 50% on purchase order, balance 50% less $70k deposit before shipment.","Agreement effective Nov 22, 2022, terminates early on breach, insolvency, or mutual agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0001640334-22-002506","json":"https://secwatch.observer/filing/0001640334-22-002506.json","markdown":"https://secwatch.observer/filing/0001640334-22-002506.md","text":"https://secwatch.observer/filing/0001640334-22-002506.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1506929/000164033422002506/0001640334-22-002506-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1506929/000164033422002506/vrdr_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T13:03:42.947258+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"dec58f7029ad4e6b9993a32c786922a8eab32edd","claim":"VERDE RESOURCES, INC. entered into Product Distribution Agreement with Country Farms Sdn Bhd valued at deposit of $200,000 (effective 2022-11-22).","evidence_excerpt":"On November 22, 2022, Verde Resources, Inc. (the “Company”), through its wholly-owned subsidiary Verde Life Inc. (“VLI”), a company incorporated in the State of Oregon, entered into a Product Distribution Agreement (the “Agreement”) with Country Farms Sdn Bhd (“CF”), a company incorporated in Malaysia and a wholly-owned subsidiary of Berjaya Corporation Berhad, to grant CF with the exclusive right to distribute white-label CBD products from VLI to its customers in Malaysia.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1506929/000164033422002506/0001640334-22-002506-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"supply"},{"label":"Counterparty","value":"Country Farms Sdn Bhd"},{"label":"Value","value":"deposit of $200,000"},{"label":"Effective","value":"2022-11-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}