Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 258

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 258
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Samsung Arbitration Award

On July 1, 2022, Samsung Electronics Co., Ltd.
filed a request for arbitration with the secretariat of the International Chamber of Commerce alleging that Triller Platform Co. f/k/a
Triller, Inc. had breached a commercial agreement between the two parties by failing to pay $1.8 million of the amounts owed under the
contract. As a result of the arbitration, the arbitrator issued a final award on July 1, 2023, awarding $2.4 million in damages to the
plaintiff, plus interest at a rate of 1% per month until repaid. On May 2, 2024, Samsung filed its Motion to Confirm Arbitration Award
in United States District for the Central District of California.

On May 31, 2024, the Court granted the motion
and entered judgment against Triller Platform Co. The judgment is immediately enforceable. We have included these liabilities in its accounts
payable and legal contingencies. A petition to confirm the judgment was filed in the state of California on January 11, 2024. It continues
to accrue interest until paid. A judgment lien in the amount of $2,601,097.97 has been perfected in the State of California against all
property of Triller Platform Co. f/k/a Triller, Inc. that may attach under Section 697.530 of the California Code of Civil Procedure.
We have included these liabilities in its accounts payable and legal contingencies.

Wixen Music Publishing

In 2020, Wixen Music Publishing, Inc. (“Wixen”)
sued us for copyright infringement. In September 2022, we entered into a Settlement Agreement with Wixen whereby we are obligated to pay
Wixen a total of $10.0 million in scheduled payments through September 2024. We have paid Wixen approximately $4.5 million, but have recently
missed a payment which has triggered penalties under this Settlement Agreement. We maintain an ongoing dialogue with Wixen and make periodic
payments when able.

Concentrix Daksh Services Private India Limited v. Triller, Inc., JAMS Arbitration Ref. No. 5220004848; (5209.80)

Concentrix commenced arbitration against Triller
on or around March 19, 2024 for breach of contract and seeks damages for future service fees under the contract for thirteen (13) months
at