UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On May 4, 2026, Verde Resources, Inc. (the “Company”) entered into an amendment (the “Wong Amendment”) to the employment offer letter, dated September 30, 2022 (the “Wong Offer Letter”), between the Company and Jack Wong, Chief Executive Officer of the Company. The Wong Amendment extended the term of the Wong Offer Letter for five additional years so that the term shall continue in effect until September 30, 2032. A copy of the Wong Amendment is filed as Exhibit 10.1 hereto.
Also on May 4, 2026, the Company entered into an amendment (the “Bava Amendment”) to the employment agreement, dated October 1, 2024 (the “Bava Employment Agreement”), between the Company and Eric J. Bava, Chief Operating Officer of the Company. The Bava Amendment extended the term of the Bava Employment Agreement for five additional years so that the term shall continue in effect until September 30, 2032. A copy of the Bava Amendment is filed as Exhibit 10.2 hereto.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
| 10.1 | Amendment to Employment Offer Letter, dated May 4, 2026, between the Company and Jack Wong |
| 10.2 | Amendment to Employment Agreement, dated May 4, 2026, between the Company and Eric Bava |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL documents) |
| 2 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Verde Resources, Inc. | ||
| By: | /s/ Jack Wong | |
| Name: | Jack Wong | |
| Title: | Chief Executive Officer | |
| Dated: May 11, 2026 | ||
| 3 |
Exhibit 10.1
AMENDMENT TO EMPLOYMENT OFFER LETTER
This AMENDMENT TO EMPLOYMENT OFFER LETTER (“Amendment”) is entered into as of May 4, 2026 (the “Amendment Date”), by and between Verde Resources, Inc. (the “Company”) and Jack Wong, an individual (the “Executive”).
WHEREAS, the Company and the Executive entered into that certain Offer Letter, dated September 30, 2022 (the “Offer Letter”), related to the Executive’s employment as Chief Executive Officer of the Company; and
WHEREAS, the Company and the Executive wish to amend the Offer Letter on the terms set forth herein.
NOW THEREFORE, in consideration of the mutual premises, covenants and agreements hereinafter set forth, and for other good and valuable consideration, the receipt, and legal adequacy of which is hereby acknowledged, the Company and the Executive, intending to be legally bound, hereby agree to amend the Offer Letter as follows:
1. Capitalized Terms. All capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Offer Letter.
2. Amendment to Section 2. In order to extend the term of the Offer Letter for an additional five (5) years from its original date of termination, Section 2 of the Agreement is deleted and replaced in its entirety with the following; ‘Your appointment shall commence on the October 1, 2022 and end on September 30, 2032, subject to further extension at the Company’s discretion.”
3. No Other Amendments. Nothing in this Amendment is intended to amend any language of the Offer Letter other than as specifically set forth above, and the remainder of the Offer Letter shall be unmodified and in full force and effect.
IN WITNESS WHEREOF, each of the Company and the Executive has executed this Amendment to Employment Offer Letter as of the Amendment Date.
| Verde Resources, Inc. | ||
| By: | /s/Eric J. Bava | |
| Eric J. Bava | ||
| Chief Operating Officer | ||
| /s/Jack Wong | ||
| Jack Wong | ||
Exhibit 10.2
AMENDMENT TO EMPLOYMENT AGREEMENT
This AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”) is entered into as of May 4, 2026 (the “Amendment Date”), by and between Verde Resources, Inc. (the “Company”) and Eric J. Bava, an individual (the “Executive”).
WHEREAS, the Company and the Executive entered into that certain Employment Agreement, dated October 1, 2024 (as amended by that certain Addendum thereto, dated May 1, 2025, the “Agreement”); and
WHEREAS, the Company and the Executive wish to amend the Agreement on the terms set forth herein.
NOW THEREFORE, in consideration of the mutual premises, covenants and agreements hereinafter set forth, and for other good and valuable consideration, the receipt, and legal adequacy of which is hereby acknowledged, the Company and the Executive, intending to be legally bound, hereby agree to amend the Agreement as follows:
1. Capitalized Terms. All capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Agreement.
2. Amendment to Section 2. In order to extend the term of the Agreement for an additional five (5) years from its original date of termination, the first sentence of Section 2 of the Agreement is deleted and replaced in its entirety with the following; ‘This Employment Agreement shall commence on the 1st day of October 2023 and end on September 30, 2032.”
3. No Other Amendments. Nothing in this Amendment is intended to amend any language of the Agreement other than as specifically set forth above, and the remainder of the Agreement shall be unmodified and in full force and effect.
IN WITNESS WHEREOF, each of the Company and the Executive has executed this Amendment to Employment Agreement as of the Amendment Date.
| Verde Resources, Inc. | ||
| By: | /s/Jack Wong | |
| Jack Wong | ||
| Chief Executive Officer | ||
| /s/Eric J. Bava | ||
| Eric J. Bava | ||