Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 281

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 281
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etermined annually by our board of directors based on attainment of performance goals established by the board. Under that agreement,
provided Mr. Sarnevesht is still employed by us. and not in material uncured breach of his agreement, we also agreed to cause us to issue
to AS Trust (“AS”) and BAS Living Trust (“BAS”) warrants each time we offer to sell “Covered
Securities” in a public or private offering after the effective date of this employment agreement to acquire up to the amount of
“Covered Securities” needed to enable AS and BAS to maintain their respective percentage interests in our securities as of
the date of the employment agreement each time we offered to sell Covered Securities in a public or private offering after the effective
date of the employment agreement for the same price and on the same terms as the Covered Securities were offered. In the employment agreement,
“Covered Securities” means any Class A common unit or other equity interest in us and any right, option or warrant to purchase
or securities convertible into or exercisable or exchangeable for Class A common unit or other equity interests in us other than securities
that are issued by us pursuant to any employment contract, employee incentive or benefit plan, stock purchase plan, stock ownership plan,
stock option or equity compensation plan or other similar plan where stock is being issued or offered to a trust, other entity to or for
the benefit of any employee, consultant, officer or director of us. No warrants for Covered Securities were issued under this employment
agreement during the years ended December 31, 2022 and 2020.

In accordance with the employment agreement:

| ● | On January 1, 2021 we issued to each of AS and BAS warrants to purchase 4,825,740 of our Class B common                                 
 units at exercise prices of $2.035 and separate warrants to purchase 677,817 of our Class B common units at exercise prices of $8.3579. |

| ● | On August 10, 2021 we issued to each of AS and BAS warrants to purchase 644,511 of our Class B common 
 units at exercise prices of $8.3579.                                                                  |

| ● | On November 12, 2021 we issued to each of AS and BAS warrants to purchase 832,967 of our Class B common 
 units at exercise prices of $8.3579.                                                                    |

| ● | On December 1, 2021, we issued to each of AS and BAS