Verde Resources signs exclusive US license for biochar asphalt tech with C-Twelve

VERDE RESOURCES, INC.

Exclusive US license for proprietary binder/biochar asphalt technology; first refusal for other countries.
Minimum annual production required; royalties on minimum plus excess at same rate or as agreed.
Joint installation at NCAT Test Track (Alabama) targeted for Dec 16-20, 2024.
Upon definitive agreement: $300K sign-on fee and 1.5M restricted shares issued to C-Twelve.
Term sheet effective Oct 18, 2024 through Feb 28, 2025; final deal required by that date.

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