Company: PHIL
Filing Date: 2025-02-19
Form Type: 8-K
Source: 0001493152-25-007563
Chunk: 0

Company: PHI GROUP INC
Filing Date: 2025-02-19
Form: 8-K
Item: Item 8.01
Chunk 0
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Item
8.01 Other Events.

1.
Grant Agreement Contract for $10,500,000 with an international philanthropic organization.

On
February 17, 2025, Philux Global Energy, Inc., a subsidiary of the Company, (the Grantee”) signed a Grant Agreement Contract with
an international philanthropic organization (the “ Grantor”) registered under the laws of Dubai, United Arab Emirates, for
total of $10,500,000. The Grantor agrees to provide the funds under this grant to support the Company’s initiatives in alignment
with the Grantor’s mission to advance geomagnetic energy technology and integrate sustainable infrastructure with economic hubs.
The funds will be used exclusively to fund the Company’s transformative initiatives at the Asia Diamond Exchange and International
Financial Center projects in Vietnam and Philux Global Energy, Inc.’s geomagnetic energy technology initiatives.

The
Grantee agrees to use the funds solely for the purposes stated above, submit quarterly progress reports, provide audited financial statements
annually, acknowledge the Grantor’s support in all public communications related to the funded projects, and comply with all applicable
laws, environmental regulations and ethical standards.

SECTION
9 - FINANCIAL STATEMENTS AND EXHIBITS

Item
9.01 Financial Statements and Exhibits