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Wednesday, September 28, 2022 6:40:39 PM
SECTION 8 - OTHER EVENTS
Item 8.01 Other Events.
1. Joint Venture/Partnership Agreement (Fund Management MOU) between an investor in the Gulf Cooperation Council region and PHILUX Global Group, Inc. (a/k/a PHI Group, Inc.)
On July 08, 2022, the registrant signed a Joint Venture/Partnership Agreement (Fund Management MOU) with an investor in the Gulf Cooperation Council region to manage an initial amount of Three Billion United States Dollars (USD 3,000,000,000) for investment in different transactions chosen and advised by the registrant for a period of ten years. According to the Agreement, after the first twenty four months of investment implementation, the registrant will be allocated 40% of the net profit from these investments.
SECTION 9 – FINANCIAL STATEMENTS AND EXHBITS
Item 9.01 Financial Statements and Exhibits
Due to the nature of strict confidentiality and non-disclosure agreement, a hard copy of the Joint Venture/Partnership Agreement (Fund Management MOU) will be submitted directly to the Securities and Exchange Commission.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: August 22 2022
PHI GROUP, INC.
(Registrant)
By: /s/ Henry D. Fahman
Henry D. Fahman
Chairman and CEO
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