Replies to post #50114 on PHI Group Inc (PHIL)

[ALDACON]

Tend to agree with you, something positive is in the works IMO, will be a wait n hold for now.

[Hydra_Crab]

And we appreciate all that you do. Thank you for all of your hard work and DD.

[Djk0689]

Time Table Projects, Capitalization for PPP projects

The investors and PPP project companies are responsible for contributing equity capital and mobilizing loan capital and other lawful sources of capital to implement the project.

Under the PPP Draft Law, within 12 months from the signing date of the PPP Project Contract, the investors and PPP project companies are required to complete financing arrangements. For projects whose Investment Policy Decisions are under the approval authority of the National Assembly or the Prime Minister, the completion period must not exceed 18 months.

The PPP Project contract will take effect only when the investor and/or the PPP project company has completed financing arrangements.

However, the Draft PPP Law is not entirely clear as to whether "financing agreement" refers to the financial close date (e.g., the date on which all the debt financing documents have been signed and all conditions precedent to initial drawdown of initial loans have been satisfied or have been waived by the financing parties).

For equity capital required to be injected by project sponsors/investors, the investors must contribute equity capital of at least 15% of the total project investment capital (excluding any state capital portion).

[gemmerling]

I am waiting for this sub company to become active.

PHIVITAE CORPORATION (NKA “PHIVITAE HEALTHCARE, INC.”)

PHIVITAE CORPORATION, a Wyoming corporation, is a wholly-owned subsidiary of PHI Group established on July 07, 2017 with the intention to acquire a pharmaceutical and medical equipment distribution company in Romania and to manage distribution of medical equipment and pharmaceutical products to emerging markets. This subsidiary changed its name to PHIVITAE HEALTHCARE, INC. on March 17, 2020. On April 27, 2020, PHI Group, Inc. signed a business cooperation agreement with Natural Well Technical Ltd. (“NWTL”), Taiwanese company, to jointly cooperate in the research and development activities of pertinent technologies that have been initiated and continue to be carried out by NWTL and applying them to produce commercial products and services in the fields of healthcare, beauty supply, agriculture and industry, as the case may be, as well as any other business activities deemed mutually beneficial.

In particular, NWTL and PHI Group will initially focus on the following activities:

1. Developing and implementing a comprehensive plan to increase the production, marketing and sale of the “Super Green” High Energy Drop Drink and “Mistyrious” Fine Mist Spray products on a large scale worldwide;

2. Developing and implementing a plan to increase the production, marketing and sale of “Super Cassava” and “Uni-Wash” Engine Booster products as well as other products related to the fields of agriculture and energy that have been studied and developed by NWTL;

3. Continuing to conduct research and accumulate clinical data for NWTL’s biotechnologies in order to obtain U.S. FDA’s approval of cancer treatments and other healthcare products. In addition, both parties also develop, produce and market beauty supply products.

4. Designing a financial plan and providing the required funding for NWTL to execute its business plan.

Both companies intend to conduct the activities mentioned in 1. and 3. above through PHIVITAE HEALTHCARE, INC. or a subsidiary under it.

https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=162014187029247097066059037103082060171187193098