Verde Resources engages Donald Fosnacht for biochar certification, issues 1 million restricted shares

VERDE RESOURCES, INC.

Verde Resources subsidiary Verde Renewables entered a services agreement with Donald R. Fosnacht to develop certification for biochar construction products.
The company will issue 1,000,000 restricted common shares to Fosnacht as payment, due by January 31, 2024.
The agreement runs through December 31, 2025, with possible renewal on mutually agreed terms.
The stock issuance was made in reliance on Section 4(2) and Rule 506(b) exemption from registration.

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