Verde Resources enters JV heads of agreement with Zym-Tec for biochar construction tech

VERDE RESOURCES, INC.

HOA grants Verde rights to form collaboration entity and master licensing for USA of ZT's patented soil stabilization, RAP, concrete technologies.
SPV to be equally owned by Verde and ZT to commercialize net-zero/carbon-negative building material products using biochar.
Income from royalties, license fees, carbon avoidance/removal credits to be split between Verde and ZT.
Verde plans to apply for Nasdaq uplist as part of final restructuring under the HOA.
Final detailed agreement to supersede HOA; terms including share structure and income split to be confirmed.

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