Monday, November 14, 2022 7:16:13 PM
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"...
so it seems the the $10m via shares is going to happen as part of the new amended agreement & not dependent on the financing or lack thereof.
1.3 After the expiration of extension of the Contract term as prescribed in this Agreement, if PGG has not yet paid the total purchase price to buy shares of TTG and PGG’s investment package has not yet materialized as planned, the parties will perform the swap transaction as follows:
- Majority Shareholder of TTG shall transfer 51% share of TTG to the Company to be assigned by PGG.
- Philux Global Group Inc. (stock symbol: PHIL) shall transfer shares of Philux Global Group Inc. to Mr. Tran Dinh Quyen in order for Mr. Tran Dinh Quyen to own the number of shares equal to Mr. Henry Fahman’s shares and voting rights in Philux Global Group Inc. Mr. Tran Dinh Quyen shall be the Co-Chairman of Philux Global Group Inc.
1.4 PGG commits that PGG shall arrange a sum of money via PHIL’s shares up to US$ 10 million to serve TTG projects that are being implemented in the United States before December 15, 2022.
Recent PHIL News
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- Form 8-K - Current report • Edgar (US Regulatory) • 05/13/2024 05:29:57 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 03/11/2024 10:05:47 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/21/2024 12:34:23 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 12/13/2023 08:40:50 PM
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- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/13/2023 09:33:15 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 10/13/2023 08:10:38 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 09/28/2023 08:30:15 PM
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