Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 401

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 401
---
<div align='center'>F-67

AGBA GROUP HOLDING LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

NOTE 6 — RESTRICTED CASH

Pursuant to the Meteora Backstop Agreement dated
November 9, 2022, the fund held in the escrow account for the forward share purchase is restricted to the Company for the nine months
following the consummation of the Business Combination in November 2022, unless the investors (“Meteora”) sell the shares
in the market or redeems the shares. Notwithstanding the sale of shares by Meteora, the restricted cash will be used to settle any of
the Company’s repurchase obligations.

On June 29, 2023, the Company and Meteora entered
into an agreement to early terminate the Meteora Backstop Agreement. Prior to the termination, Meteora sold shares in the open
market at a price ranging from $ to $ per share.

Pursuant to the early termination clauses of Meteora
Backstop Agreement, the Company released $ million from restricted cash to settle the obligation to Meteora.

Pursuant to the termination agreement, the Company
is not obligated to purchase the remaining shares (the “Shares”) from Meteora and they shall have no obligation to
sell the Shares to the Company. In addition, they may dispose the Shares at its discretion in the open market not less than $ per share
before September 29, 2023 and no conditions or restrictions thereafter. As a result, the Company released the remaining $ million from
restricted cash to settle the obligation to Meteora.

With the early termination and sale of shares
by Meteora, the forward share purchase liability (“FSP liability”) was fully settled and a loss on settlement of $
was recorded in the consolidated statements of operations and comprehensive loss for the year ended December 31, 2023.

As of December 31, 2023, restricted cash included
the funds held on behalf of the customers, the Company is acted as a custodian to manage the assets and investment portfolio on behalf
of its customers under the terms of certain contractual agreements, which the Company does not have the right to use for any purposes,
other than managing the portfolio. Upon receiving escrow funds, the Company records a corresponding escrow liability.

NOTE 7 — ACCOUNTS RECEIVABLE, NET

|                                            |     | As of December 31,