---
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"
generated_at: "2026-06-21T13:03:42.947258+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Verde Resources subsidiary enters exclusive CBD distribution deal in Malaysia

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640334-22-002506
- JSON: https://secwatch.observer/filing/0001640334-22-002506.json
- Plain text: https://secwatch.observer/filing/0001640334-22-002506.txt

## Key facts
- Material Agreements
  VERDE RESOURCES, INC. entered into Product Distribution Agreement with Country Farms Sdn Bhd valued at deposit of $200,000 (effective 2022-11-22).
  - Action: entry
  - Agreement: supply
  - Counterparty: Country Farms Sdn Bhd
  - Value: deposit of $200,000
  - Effective: 2022-11-22
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1506929/000164033422002506/0001640334-22-002506-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.