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.