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Posted On: 08/09/2017 3:10:35 PM
Post# of 99490
PHIL 8k https://www.otcmarkets.com/edgar/GetFilingHtm...D=12221528
Item 1.01. Entry Into a Material Definitive Agreement.
On August 8, 2017, PHI Group, Inc. (the “Company”) and Maxagro Farm SRL, a Romanian company, signed an “Amendment to Private Stock Purchase and Sale Agreement” to extend the closing date of the previously reported Private Stock Purchase and Sale Agreement dated May 26, 2017 to December 31, 2017 to allow additional time for further due diligence, valuation and negotiation. Both parties may also conclude this transaction sooner by mutual written consent.
The foregoing description of “Amendment to Private Stock Purchase and Sale Agreement” by and between the Company and Maxagro Farm SRL is qualified in its entirety by reference to the full text of said Amendment, 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.
(d) Exhibits
No. Description
10.1 Amendment to Private Stock Purchase and Sale Agreement by and between PHI Group, Inc. and Maxagro Farm SRL dated August 8, 2017.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: August 9, 2017
PHI GROUP, INC.
(Registrant)
By: /s/ Henry D. Fahman
Henry D. Fahman
Chairman and CEO
Item 1.01. Entry Into a Material Definitive Agreement.
On August 8, 2017, PHI Group, Inc. (the “Company”) and Maxagro Farm SRL, a Romanian company, signed an “Amendment to Private Stock Purchase and Sale Agreement” to extend the closing date of the previously reported Private Stock Purchase and Sale Agreement dated May 26, 2017 to December 31, 2017 to allow additional time for further due diligence, valuation and negotiation. Both parties may also conclude this transaction sooner by mutual written consent.
The foregoing description of “Amendment to Private Stock Purchase and Sale Agreement” by and between the Company and Maxagro Farm SRL is qualified in its entirety by reference to the full text of said Amendment, 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.
(d) Exhibits
No. Description
10.1 Amendment to Private Stock Purchase and Sale Agreement by and between PHI Group, Inc. and Maxagro Farm SRL dated August 8, 2017.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: August 9, 2017
PHI GROUP, INC.
(Registrant)
By: /s/ Henry D. Fahman
Henry D. Fahman
Chairman and CEO
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