Verde grants Ergon exclusive 10-year license for BioAsphalt in North America; $2M equity term sheet

VERDE RESOURCES, INC.

Ergon gets exclusive license to use Verde's cold mix biochar asphalt agent (Verde V24) in US, Canada, Mexico for 10 years, renewable.
Ergon to buy Verde V24 at fixed CPI-adjusted price; no minimum purchases during initial 15-month go-to-market period.
Verde will share 40% of carbon removal credits generated from BioAsphalt with Ergon.
Term sheet signed for $2M strategic investment by Ergon in Verde, expected to close in October 2025.
Verde expanded C-Twelve JDA to include Canada/Mexico, paying additional $1M fee and conditional 2027 purchase minimum.

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