Company: PHIL
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011742
Chunk: 67

Company: PHI GROUP INC
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 67
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 immediately before the Put Date, subject to Beneficial Ownership
cap

There
shall be a 7 trading day period between the receipt of the Put Shares and the next put.

The
Company only intends to file an S-1 Registration Statement with the Securities and Exchange Commission for this Equity Line of Credit
as part of its alternative financing plan when the company’s stock price reaches an appropriate level.

2.
AGREEMENT WITH TECCO GROUP FOR PARTICIPATION IN PHILUX INFRASTRUCTURE FUND COMPARTMENT OF PHILUX GLOBAL FUNDS

On
August 10, 2020, Tecco Group, a Vietnamese company, signed an agreement with PHI Luxembourg Development SA, a subsidiary of the Company,
to participate in the proposed infrastructure fund compartment of PHILUX Global Funds SCA, SICAV-RAIF. According to the agreement, Tecco
Group will contribute $2,000,000 for 49% ownership of the general partners’ portion of said infrastructure fund compartment. As
of March 31, 2025, Tecco Group has paid a total of $156,366.25 towards the total agreed amount.

3.
INVESTMENT AND FINANCING AGREEMENTS

As
of March 31, 2025, the Company and its subsidiaries have more than half a dozen active agreements for loan financing, asset management,
partnership, joint venture, and memorandum of understanding with international investor groups for over 7 billion U.S. dollars, as reported
in various 8-K filings with the Securities and Exchange Commission. Though the Company has experienced delays in concluding a number
of these financing programs, we continue to diligently work on them and expect to receive funds from some of these sources in the near
future to execute our business plan.

4.
DEVELOPMENT OF THE ASIA DIAMOND EXCHANGE AND INTERNATIONAL FINANCIAL CENTER IN VIETNAM

Along
with the establishment of Philux Global Funds, the Company has worked with the Authority of Chu Lai Open Economic Zone in Central Vietnam
and the Provinces of Quang Nam and Dong Nai, Vietnam in the past to develop the Asia Diamond Exchange for lab-grown, rough and polished
diamond together with a multi-commodities logistics center. 

    F-13

Mr.
Ben Smet, who successfully established the Dubai Diamond Exchange in 2002-2005, has been leading fulltime a group of experts for the
setup of the Asian Diamond Exchange since January 201