Company: PHIL
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011742
Chunk: 72

Company: PHI GROUP INC
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 72
---
 certain intellectual properties related to energy generation and energy storage using the earth’s available geomagnetic
energy to Philux Global Energy, Inc. for commercialization.

Both
the Registrant and the Inventor mutually warrant that the intellectual properties and technologies that have been developed and/or will
have been developed by the Inventor shall never be used for warfare purposes under any circumstances.

9.
Business Development and
Structuring Consultancy Agreement for the design and setup of the International Financial Center in Vietnam

On
July 5, 2024, Dr. D’Orleans de France Benedict Carl William (a/k/a Ben C. Smet), an individual (the “Consultant”),
with principal residence address in Schindellegi-Feusisberg, Switzerland signed a Business Development and Structuring Consultancy Agreement
with the Company regarding the design and implementation of the International Financial Center in Vietnam.

WHEREAS,
Dr. D’Orleans de France has been leading full-time a group of experts since January 2018 for the setup of the Asian Diamond Exchange
(“ADE”) in Vietnam for the Company and has entered into a separate Business Development and Structuring Consultancy Agreement
with the Company for this Asian Diamond Exchange project.

WHEREAS,
recently he has started a structuring project, in order for the Company to set up and establish an International Financial Center on
the Thanh Da Peninsula, Ho Chi Minh City, Vietnam in conjunction with the afore-mentioned Asian Diamond Exchange project. This will be
similar as what he has established successfully for Dubai in 2002-2005 and is now incorporating the international changes of the last
two decades together with combined information and data from another leading international financial center in Europe.

Dr.
D’Orleans de France and Company have agreed that the Consultant will continue to provide the business development and structuring
consulting services mentioned in the foregoing Recitals and any other services that may be required to assist the Company to successfully
plan, design, develop, establish, and operate the International Financial Center in Vietnam.

The
Consultant will continue to advise, assign, undertake, execute and implement, as the case may be, all the next necessary steps to be
taken to make the International Financial Center in Vietnam a success, which involves a comprehensive set of key requirements spanning
legal, regulatory, infrastructural, and strategic aspects as outlined in the Agreement.

The
term of the engagement shall be for a period of two (2) years (“Engagement Period”) commencing the