Material Agreement Form 8 K

Item 1.01 Entry into a Material Definitive Agreement

On October 22, 2024, the Company entered into a service agreement with GECA Environnement ("GECA") to provide the Company with strategic support for carbon credit monetization.

GECA is an internationally recognized firm, expert in carbon valorization and sequestration. GECA's unmatched expertise and broad service offerings make it an invaluable partner for businesses and organizations seeking holistic waste valorization solutions. Committed to the global fight against climate change, GECA operates in over 15 countries with a diverse international team. With a proven track record in project development and successful brokerage of biochar-based carbon credits to renowned clients, GECA consistently delivers impactful, high-quality solutions for carbon removal.

Under this service agreement, GECA will provide the Company with comprehensive strategic support focused on monetizing carbon attributes, specifically through biochar and carbon removal credits. Their key roles include:

Carbon Strategy Advisory: GECA will offer ongoing guidance to help Verde develop its carbon strategy, ensuring alignment with market rules and regulations. This includes risk mitigation and profit optimization in carbon credit monetization.

Project Development: GECA will assist Verde in de-risking, optimizing, and accelerating biochar carbon removal projects, providing expert support in technical processes, compliance, and market positioning.

Market Intelligence and Monitoring: GECA will help gather market intelligence, explore new credit opportunities, and support strategic decision-making related to product development and sales.

This partnership aims to maximize the value of the Company's carbon removal initiatives via its Biochar-Asphalt and other Net Zero construction products while ensuring compliance with carbon market standards.

The structure of the strategic advisory, for a duration of six (6) months, is a monthly retainer with a maximum number of hours allocated. The retainer starts at USD 5,000 per month. GECA will advise the Company of the expected time to conduct any requested task prior to starting. If a task requires to go beyond the allotted hours, and which are approved by the Company, hourly rates for the executed work as defined in the service agreement will be added accordingly.

Public link

Please use the above public link if you want to share this noodl on another website.