Item 1.01 Entry into Material Definitive Agreements

First Amendment to the Investment Commitment Agreement signed February 21, 2023 among Philux Global Group Inc (f/k/a PHI GROUP, INC.), Philux Global Funds SCA, SICAV-RAIF, Philux Global Vietnam Investment and Development Company Limited and Saigon Silicon City Joint Stock Company.

Effective March 21, 2023, PHI Group, Inc., the Registrant, (n/k/a Philux Global Group Inc.) and Saigon Silicon City JSC signed an amendment to amend Article 2 of the afore-mentioned Investment Commitment Agreement as follows:

"2. Time frame. Due to additional administrative and legal requirements in connection with the Investor's release of funds, within thirty days of the signing of this Amendment, the Investor will provide or cause to be provided fifty million U.S. dollars (USD 50,000,000) for the Company to resume the implementation of its building plan. Additional amounts of capital will be provided to the Company by the Investor at various intervals as needed to ensure uninterrupted construction until the completion of the project."

The foregoing description of the first Amendment to said Investment Commitment Agreement 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.

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            First Amendment to Investment Commitment Agreement between the
              Registrant and Saigon Silicon City Joint Stock Company.

104           Cover Page Interactive Data File (embedded within the Inline XBRL
              document)

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