Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 285

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 285
---
 Class B common units held by TFI were exchanged for a warrant to purchase 7,178,837
Series A-1 preferred units at an exercise price per unit of $2.035. In addition, 7.5% convertible notes issued to certain of our affiliates
were converted into Series AA-1 preferred units.

On December 31, 2022, the Convertible Note Purchase
Agreement and TFI Convertible Note were amended and restated to, among other things, increase the aggregate amount available to us under
the loan. We issued to Total Formation Inc. a second Senior Convertible Note with a principal amount consisting of the lesser of (a) the
aggregate amount of all loan advances made pursuant to the transaction documents and (b) $10.3 million (the “TFI December Note”).

<div align='center'>163</div>

The TFI December Note bears 15% interest and is
payable on demand at any time on or after August 18, 2023 unless earlier converted or accelerated in accordance with tis terms. As of
December 31, 2022, advances totaling $2.0 million had been made by Total Formation Inc. Concurrently with the issuance of the TFI December
Note, we issued to TFI a warrant to purchase 239,295 Series A-1 preferred units at an exercise price per unit of $2.72. The loan documents
were also amended to provide that our obligations under the loan documents are secured by the proceeds we may obtain from certain future
equity financings and certain equity interests of unaffiliated parties held by one of our founders and former directors, Ryan Kavanaugh.
On August 18, 2023, we entered into Amendment No. 1 to the Amended and Restated Convertible Notes which extended the maturity date of
the notes to November 1, 2023.

TFI and Castle Lion Investments Limited are affiliates
of Tsai Ming Hsing, a beneficial owner of more than 5% of our equity securities.

2022 Debt Financing

During the period beginning May 25, 2022 and ending
September 26 2022, we issued promissory notes in the aggregate principal amount of $4.9 million to BAS Living Trust, AS Trust, the De
Silva 2000 Living Trust and Proxima Media LLC. The notes bear simple interest at rates ranging from 1.85% to 3.05% and mature on the