Item 8.01 Other Events.
1. Financial Investment Management Agreement/Contract between an international
ultra-high-net-worth investor and Philux Global Group, Inc. (aka PHI Group,
Inc.).
On November 03, 2022, the registrant (the" Investment Manager"), signed a
Financial Management Agreement/Contract (the "Agreement") with an international
ultra-high-net-worth investor group (the "Investor Party") to manage an
investment amount (the "Investment Amount") of One Billion United States Dollars
(USD 1,000,000,000) on behalf of the Investor Party for investment in select
transactions and projects to be selected, advised and managed by the Investment
Manager for a period of ten years. According to the Agreement, the Investment
Manager shall be entitled to 15% of the Investment Amount for its own investment
and benefits. In addition, the sharing of profits and dividends from the
investment results of 80% of the Investment Amount will be determined by the two
parties in a subsequent agreement.
Item 9.01 Financial Statements and Exhibits
Due to the nature of strict confidentiality and non-disclosure agreement, a hard
copy of the Agreement will be submitted directly to the Securities and Exchange
Commission.
© Edgar Online, source Glimpses