secwatch.observer — SEC 8-K summary
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Issuer:     VERDE RESOURCES, INC. (VRDR)
CIK:        0001506929
Form:       8-K
Filed at:   2022-11-25T23:59:59+00:00
Accession:  0001640334-22-002506
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verde Resources subsidiary enters exclusive CBD distribution deal in Malaysia
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506929/000164033422002506/0001640334-22-002506-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506929/000164033422002506/vrdr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001640334-22-002506

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer