Item 1.02 Termination of Material Definitive Agreements.
1. Termination of Agreement for Participation in Philux Infrastructure Fund with
Thanh Nam Long Construction Co., Ltd.
On February 09, 2023, Philux Global Group Inc. (f/k/a PHI Group, Inc.) sent a
notice to Thanh Nam Long Construction Co., Ltd. ("TNLC"), a Vietnam limited
company, with its main address at Lot C10-18, street No. 5, Tay Bac urban area,
Vinh Quang Ward, Rach Gia City, Kien Giang Province, Vietnam, to terminate the
Agreement for Participation in PHILUX Infrastructure Fund dated February 02,
2023 due to TNLC's failure to fulfill its obligations as agreed in Article 2 of
said Agreement.
The foregoing description of the Notice of Termination of the referenced
Agreement for Participation in PHILUX Infrastructure Fund is qualified in its
entirety by reference to the full text of said Notice, which is filed as Exhibit
10.1 to this Current Report on Form 8-K and incorporated herein by reference.
2. Termination of Stock Transfer Agreement with Tin Thanh Group
On March 20, 2023, Philux Global Group Inc. (f/k/a PHI Group, Inc.) received a
notice from Tin Thanh Group, a Vietnamese joint stock company, with principal
business address at 71 Pho Quang Street, Ward 2, Tan Binh District, Ho Chi Minh
City, Vietnam to formally terminate the Stock Transfer Agreement signed on
August 13, 2022 between Tin Thanh Group and the Company.
The foregoing description of the Notice of Termination of the referenced Stock
Transfer Agreement is qualified in its entirety by reference to the full text of
said notice, which is filed as Exhibit 10.2 to this Current Report on Form 8-K
and incorporated herein by reference.
3. Termination of Agreement for Participation in Philux Global Real Estate Fund
with AZ Holdings Joint Stock Company
On March 24, 2023, Philux Global Group Inc. (f/k/a PHI Group, Inc.) sent a
notice to AZ Holdings Investment Joint Stock Company, a Vietnamese joint stock
company ("AZHC"), with principal address at No. 36, Sub-alley 3, Alley 83,
Nguyen Khang Street, Yen Hoa Ward, Cau Giay District, Hanoi, Vietnam, to
terminate the Agreement for Participation in Philux Global Real Estate Fund
dated July 18, 2022 due to AZHC's failure to fulfill its obligations as agreed
in Article 2 of said Agreement.
The foregoing description of the Notice of Termination of the referenced
Agreement for Participation in Philux Global Real Estate Fund is qualified in
its entirety by reference to the full text of said Notice, which is filed as
Exhibit 10.3 to this Current Report on Form 8-K and incorporated herein by
reference.
Item 9.01 Financial Statements and Exhibits
The following is a complete list of exhibit(s) filed as part of this Report.
Exhibit number(s) correspond to the number(s) in the exhibit table of Item 601
of Regulation S-K.
Exhibit No. Description
10.1 Letter dated February 09, 2023 to terminate the Agreement for
Participation in Philux Infrastructure Fund signed February 02, 2023
between Thanh Nam Long Construction Co., Ltd. and the Company.
10.2 Letter dated March 20, 2023 by Tin Thanh Group to the Company to
terminate the Stock Transfer Agreement signed August 13, 2022
between Tin Thanh Group and the Company.
10.3 Letter dated March 24, 2023 to terminate the Agreement for
Participation in Philux Global Real Estate Fund signed July 18, 2022
between AZ Holdings Investment Joint Stock Company and the
Company.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
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