Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 417

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 417
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, there were
public warrants and private warrants outstanding.

Warrant - Class A

Each warrant entitles the holder to purchase one-fifth
(1/5) of one ordinary share at a price of $ per full share. The warrants will be exercisable six months after the issuance date for
a period of five years after the exercise date. The warrants have an exercise price of $ per share and shall be exercised with more
than $ per tranche.

As of December 31, 2023, warrants are
to be issued under Warrant - Class A, in connection with the private placement.

Forgiveness of Amounts Due to the Holding Company

During the years ended December 31, 2023 and 2022,
the holding company of the Company agreed to forgive a debt of $ and $, in aggregate, respectively, representing certain
amounts due to it and treat as additional paid-in capital.

<div align='center'>F-78

AGBA GROUP HOLDING LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

Share Award Scheme

Immediately following the consummation of Business
Combination, the Company’s shareholders approved the Scheme, which became effective on September 14, 2022. Subsequently, on February
24, 2023, the Company registered ordinary shares to be issued under the Scheme.

The fair value of the ordinary shares granted
under the scheme is measured based on the closing price of the Company’s ordinary shares as reported by Nasdaq Exchange on the date
of grant. For those ordinary shares vested immediately on the date of grant, the fair value is recognized as share-based compensation
expense in the consolidated statements of operations and comprehensive loss.

Share-based compensation

On May 22, 2023, the Company issued ordinary
shares to compensate the contributions of prior services and performance of the eligible employees, directors and officers, which was
approved and granted previously in December 2022.

Restricted Share Units (“RSUs”)

In December 2022, the Company approved and granted
ordinary shares as RSUs to employees and consultants as additional compensation under the Scheme. These RSUs typically will
be vested over to period from 2023 to 2026.

For the RSUs, the fair value is recognized over
the period based on the derived service period (usually the vesting period), on a straight-line basis. The valuations assume no dividends
will be paid. The Company has assumed % forfeitures.

During the year ended