PHI Group Inc (PHIL)

[Exit6]

Note- the following 2 items in bold will happen only if we haven't paid for the shares by the deadline and the financing package hasn't "materialized as planned"...

1.3 After the expiration of extension of the Contract term as prescribed in this Agreement, if PGG has not yet paid the total purchase price to buy shares of TTG and PGG’s investment package has not yet materialized as planned, the parties will perform the swap transaction as follows:


1.4 PGG commits that PGG shall arrange a sum of money via PHIL’s shares up to US$ 10 million to serve TTG projects that are being implemented in the United States before December 15, 2022