Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 298

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 298
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 in addition to any affirmative vote of the holders of any particular class or series of capital stock of Triller required by applicable
law or the Triller Certificate of Incorporation, such adoption, amendment, alteration, or repeal shall be approved by the affirmative
vote of the holders of at least 66 2/3% of the voting power of the shares of the then outstanding voting stock of Triller entitled to
vote generally in the election of directors, voting together as a single class.

The DGCL provides generally
that the affirmative vote of a majority of the outstanding shares entitled to vote thereon, voting together as a single class, is required
to amend a corporation’s certificate of incorporation, unless the certificate of incorporation requires a greater percentage. However,
the Triller Certificate of Incorporation will provide that notwithstanding any other provision of the Triller Certificate of Incorporation
or applicable law that might permit a lesser vote or no vote and in addition to any affirmative vote of the holders of any particular
class or series of capital stock of Triller required by applicable law or the Triller Certificate of Incorporation, the affirmative vote
of the holders of at least 66 2/3% of the voting power of the shares of the then outstanding voting stock of Triller entitled to vote
generally in the election of directors, voting together as a single class, shall be required to amend, alter, repeal, or adopt any provisions
inconsistent with the foregoing.

Conflicts of Interest

Delaware law permits
corporations to adopt provisions renouncing any interest or expectancy in certain opportunities that are presented to the corporation
or its officers, directors or stockholders.

Limitations on Liability

The DGCL authorizes corporations
to limit or eliminate the personal liability of directors to corporations and their stockholders for monetary damages for breaches of
directors’ fiduciary duties, subject to certain exceptions. The Triller Certificate of Incorporation includes a provision that eliminates
the personal liability of directors or officers for monetary damages for any breach of fiduciary duty as a director or officer. The effect
of these provisions is to eliminate the rights of Triller and its stockholders, through stockholders’ derivative suits on Triller’s
behalf, to recover monetary damages from a director or officer for breach of fiduciary duty as a director or officer, including breaches
resulting from grossly negligent behavior. However, exculpation does not apply to any director if the director has acted in bad faith,
knowingly or