Company: PHIL
Filing Date: 2025-02-19
Form Type: 10-Q
Source: 0001493152-25-007556
Chunk: 25

Company: PHI GROUP INC
Filing Date: 2025-02-19
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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SC, a Vietnamese joint stock company, to jointly cooperate
in the areas of energy efficiency and mitigation of global greenhouse gas (GHG) emissions by using SSE Group’s proprietary technologies.

According
to the agreement, SSE Group JSC and Philux Global Group Inc. have incorporated “SSE Global Group Inc.,” a Wyoming corporation,
Registration ID 2023-00127, (www.sseglobalgroup.com) to apply SSE Group’s breakthrough technologies for the energy industry,
especially to improve fuel efficiency and mitigate global GHG emissions.

7.
BUSINESS COOPERATION AGREEMENT WITH SAPHIA ALKALI JOINT STOCK COMPANY

On
June 27, 2023, SAPHIA ALKALI JOINT STOCK COMPANY, a Vietnamese joint stock company with principal business address at No 27, Sub-alley
1, Alley 104, Viet Hung Street, Viet Hung Ward, Long Bien District, Hanoi City, Vietnam, represented by Mrs. Nguyen Phuong Dung, its
Chairperson, hereinafter referred to as “SAP,” and PHI GROUP INC. (/n/k/a PHILUX GLOBAL GROUP INC, hereinafter referred to
as “PGG,” signed a Business Cooperation Agreement and agreed to undertake the followings:

-
SAP and PGG agree to jointly cooperate primarily in the areas of alkali technologies as well as any other business that may be considered
mutually beneficial.

-
Specifically, SAP and PGG will initially focus on forming a company in the United States (“NewCo”) to finance, manufacture,
sell and distribute SAP’s proprietary alkali products on a worldwide basis, except Vietnam and certain territories that are handled
directly by SAP.

-
SAP will initially make available and transfer certain technologies as may be needed to NewCo to serve the needs of this Business Cooperation
Agreement.

-
The relationship established between SAP and PGG by this Agreement shall be exclusive with respect to the areas of SAP’s proprietary
technologies outside of Vietnam.

-
The Parties shall agree on the roles, responsibilities and benefits of each party in connection with NewCo or other particular business
undertakings, which shall be detailed in a separate definitive agreement.

-
The parties herein shall determine the capital structure of NewCo in a separate subsequent addendum to this Business Cooperation Agreement.

8.
Agreement for Comprehensive Cooperation WITH a Vietnamese RENEWABLE ENERGY Inventor

On
December 8, 2023, a Vietnamese engineer (the “Inventor”),