Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 261

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 261
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, the Company, Triller Corp., a wholly-owned subsidiary
of the Company, Triller Hold Co LLC, (“Triller Hold Co”), a Delaware limited liability company and a wholly-owned subsidiary
of the Company, and Convoy Global Holdings Limited, a Cayman Islands limited company, were served with a summon and a notice of motion
for summary judgment in lieu of compliant filed by YA II PN, Ltd. (the “Plaintiff”), a Cayman Islands exempt limited
partnership, in the Supreme Court of the State of New York County of New York for the payment of for $35,546,302.19, plus default interest
that continues to accrue, pre-judgment interest, costs, legal fees, and expenses. The Plaintiff alleged that the defendants were in default
of (i) that certain Amended and Restated Secured Convertible Promissory Note, Number AGBA-1, dated as of June 28, 2024, delivered by the
Company to the Plaintiff (as amended, the “Note”), (ii) that certain Second Amended and Restated Standby Equity Purchase
Agreement, dated as of June 28, 2024, by and among the Company, the Plaintiff and Triller Corp. (the “SEPA”), (iii)
that certain Amended and Restated Guaranty Agreement, dated as of June 28, 2024, by and among Triller Corp., Triller Hold Co and the Plaintiff
(the “Triller Guaranty”), (iv) that certain Amended and Restated Pledge Agreement, dated June 28, 2024, by and between
Triller Hold Co and the Plaintiff (the “Triller Pledge Agreement”), (v) that certain Guaranty Agreement, dated as of
June 28, 2024, by and between Convoy Global Holdings Limited, and the Plaintiff, (vi) that certain Pledge Agreement, dated as of June
28, 2024, by and between the Company and the Plaintiff (the “Company Guaranty”), and (vii) that certain Amended and
Restated Registration Rights Agreement, dated as of June 28, 2024, by and between the Company and the Plaintiff (the “Registration Rights Agreement”). The Company intends to defend itself vigorously. No prediction can be made as to the outcome of the lawsuit.

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THE CONVERTIBLE NOTES</div>

The Convertible Notes were