Company: PHIL
Filing Date: 2025-02-19
Form Type: 10-Q
Source: 0001493152-25-007556
Chunk: 26

Company: PHI GROUP INC
Filing Date: 2025-02-19
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 and the Company entered into an Agreement for Comprehensive Cooperation
Agreement and agreed to undertake the followings:

a)
Applying the Inventor’s proprietary inventions that are specifically designed to exploit the earth’s available geomagnetic
energy to generate energy and store energy without using an energy storage system (ESS).

b)
Producing and providing generators using the earth’s available geomagnetic energy.

c)
Producing engines (spaceships, airplanes, ships, cars, trains, motorcycles, etc.) powered by the earth’s available geomagnetic
energy.

d)
Developing additional multiple new technologies.

The
Parties agree to use Philux Global Energy, Inc., a Wyoming corporation and wholly-owned subsidiary of Philux Global Group, Inc., Registration
Number 2022-001066221, incorporated on January 3, 2022, as the operating company to commercialize energy-related products based on the
proprietary researches and developments of the Inventor.

The
Inventor and his associates have filed a Provisional Patent Application with the U.S. Patent and Trademark Office (USPTO) and will assign
and transfer 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.

    F-15

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