Verde Resources signs MOU with Ergon for exclusive US license of TerraZyme, V24 technologies

VERDE RESOURCES, INC.

Verde Renewables signs MOU with Ergon for exclusive US license of TerraZyme and V24 road technologies.
License is exclusive, royalty-bearing, non-transferable, initial 5-year term with renewal.
Consideration: annual non-refundable license fee (amount TBD) and per-gallon royalties (rates TBD).
Parties commit to negotiate definitive license agreement within 90 days from May 30, 2025.
Intellectual property remains solely owned by Verde.

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