Company: PHIL
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011742
Chunk: 27

Company: PHI GROUP INC
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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teen Million U.S. Dollars (USD 15,000,000) for the services that
have been rendered and those to be rendered as set forth above in order to complete the structuring, design and implementation of the
IFC project. The schedule of compensation payments shall be mutually agreed upon by both parties by private agreement.

    F-16

10.
Combined AddendUM NO. 1 to the Business Development and Structuring Consultancy Agreement dated June 27, 2024 and the Business Development
and Structuring Consultancy Agreement for the Development and Establishment of an International Financial Center in Vietnam dated July
5, 2024

ADDENDUM NO. 1. On November 07, 2024,
Dr. D’ORLEANS DE FRANCE BENEDICT CARL WILLIAM (f/k/a BEN CARL SMET), an individual, with principal residence address in Schindellegi-Feusisberg,
Switzerland (hereinafter referred as the “Consultant” and PHI GROUP INC. (/n/k/a PHILUX GLOBAL GROUP INC.), a corporation
duly organized under the laws of the state of Nevada, and re-domiciled under the laws of the State of Wyoming U.S.A., with registered
principal business address at N 30 Gould Street, Suite R, Sheridan, WY 82801, represented by Mr. Henry D. Fahman, its Chairman and Chief
Executive Officer, hereinafter referred to as “PGG or “the Registrant,” signed the Combined Addendum No. 1 (the “Addendum”)
to the Business Development and Structuring Consultancy Agreement dated June 27, 2024 and the Business Development and Structuring Consultancy
Agreement for the Development and Establishment of an International Financial Center in Vietnam dated July 5, 2024 and agreed to undertake
the followings:

In
consideration for the Consultant’s continued commitment to assist the Company and provide the necessary services as defined in
the above mentioned (1) Business Development and Structuring Consultancy Agreement for establishing of a compartmentalized regulated/unregulated
Luxembourg Bank Fund (RAIF) and establishing of the Asian Diamond Exchange for rough and polished diamond trade and the reconsolidating
of the lab-grown diamond industry in Vietnam and (2) the Business Development and Structuring Consultancy Agreement for the development
and Establishment of an International Financial Center also in Vietnam, until these projects are successfully completed, both parties
agree