Company: PHIL
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011742
Chunk: 73

Company: PHI GROUP INC
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 73
---
 date of the signing of
this Agreement. However, it is both Parties’ intention and commitment to complete this undertaking within six (6) months of the
effective date and after the Free Economic Zone on Thanh Da Island, Ho Chi Minh City, subject to satisfaction of mutual and financial
obligations by both Parties.

Once the Company has effectuated all budgeting and all financial requirements and obligations, the ongoing process will effectively materialize,
and the Consultant then shall transfer the entire IFC venture to the Company.

Both
parties agree that the Company shall pay the Consultant a total of Fifteen 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
consider