Refresh Group Ltd. announced that it has entered into a subscription agreement with Eneco Holdings Inc. and Eneco Investment Pte. Ltd. for a strategic investment by Eneco Investment for fully paid ordinary shares in the Company (Shares) for up to AUD 8.2 million to be completed under two tranches. As part of and subject to the completion of the equity subscription, Refresh has also been granted the exclusive rights to distribute, market and import Eneco Holdings' highly hydrolysed water products and equipment to produce emulsion fuel in Australia and New Zealand under the terms of a distribution agreement between Refresh, Eneco Holdings and VanaH Co. Ltd.