Item 1.01 Entry into a Material Definitive Agreement
On
(i) A two percent (2%) earnest deposit of the Total Purchase Price shall be paid upon the signing of this Agreement; (ii) Thirty-two MillionSix Hundred Sixty-Six U.S. Dollars (USD 32,666,666 ) shall be paid onMarch 18, 2022 ; (ii) Thirty-two MillionSix Hundred Sixty-Six U.S. Dollars (USD 32,666,666 ) shall be paid onJune 18, 2022 ; and (ii) Thirty-two MillionSix Hundred Sixty-Six U.S. Dollars (USD 32,666,666 ) shall be paid onSeptember 18, 2022 .
The Closing of this transaction is scheduled for
The foregoing description of the Agreement of Purchase and Sale dated
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 Agreement of Purchase and Sale amongPHI Group, Inc. , Five GrainTreasure Spirits Co., Ltd. ("FGTS") and its Majority Shareholders. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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