Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 289

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 289
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 a beneficial owner of more than 5% of our equity securities.

BKFC Promissory Note

On August 4, 2023, we entered into a $2.0 million
promissory note with Manole Fintech (the “Manole Note”). The Manole Note accrues interest at an annual rate of 20%
and matures on December 2, 2023. Proceeds raised from the Manole Note were used to satisfy existing financial obligations we had to BKFC
as part of the Share and Unit Exchange Agreement from August 2022. The Manole Note is secured by (a) a guaranty issued by Toe the Line
LLC (“TLL”), an entity managed by David Feldman, Sr. and David Feldman, Sr. (collectively, the “Guarantors”),
(b) a pledge agreement (the “Pledge Agreement”) pursuant to which TLL is pledging to the lender One Million (1,000,000)
shares of Common Stock of BKFC (the “Pledged Shares”) to secure the Guaranty and (c) a Put Agreement (the “Put Agreement”) between the lender and Ryan Kavanaugh pursuant to which Mr. Kavanaugh has agreed to purchase the Pledged Shares
pursuant to the term of the Put Agreement upon the occurrence of an event of default hereunder. In connection with the Manole Note, we
issued warrants to purchase 75,000 shares of common stock of BKFC at an exercise price of $5.23 per share and 75,000 shares of BKFC common
stock at an exercise price of $0.01 per share.

<div align='center'>165

DESCRIPTION OF SHARE CAPITAL</div>

Common Stock

There are 162,838,680 shares of Triller Common Stock outstanding. All
shares of Triller Common Stock are fully paid and non-assessable.

Voting rights.
Except as otherwise required by law, as provided in the Company’s Certificate of Incorporation, and as otherwise provided in the resolution
or resolutions, if any, adopted by the Triller Board with respect to any series of the Triller Preferred Stock, the holders of the Triller
Common Stock shall exclusively possess all voting power. Each holder of shares of Triller Common Stock shall be entitled to one vote for
each share it holds.

Dividend rights and rights upon liquidation. Subject to the rights of holders of any series of outstanding Triller Preferred Stock, holders of shares