Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 282

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 282
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 warrants to purchase 11,437,389 of our Class B common 
 units at exercise prices of $8.3579.                                                                       |

In December 2021, we and Mr. Sarnevesht agreed
that Mr. Sarnevesht would not be entitled to further warrant-based compensation pursuant to his employment agreement other than that which
had been issued to date. In March 2022, we and Mr. Sarnevesht agreed to reduce Mr. Sarnevesht’s salary on a going-forward basis
to $1,000 per month. In connection with Mr. Sarnevesht’s appointment as Chief Executive Officer, this agreement has been extended
for an additional two year term, effective December 21, 2023. In January 2024, Mr. Sarnevesht and the board of directors agreed to reduce
Mr. Sarnevesht’s annual base salary to $400,000.

Bobby Sarnevesht & Affiliate Share and Note Redemption & Note Issuance; Rescission

On October 21, 2022, the Company redeemed from
AS Trust and BAS Living Trust 949,812 Series AA-1 Preferred Units, terminated all outstanding promissory notes held by AS Trust, BAS Living
Trust and BASM HoldCo LLC, and issued in exchange (i) 6.0% unsecured subordinated promissory notes in the aggregate principal amount of
$14.1 million to the Aryana Health Care Foundation, AS Trust, BAS Living Trust and BASM HoldCo LLC and (ii) warrants to purchase 1,595,998
Class B Common Units at an exercise price per unit of $5.00 to the Aryana Health Care Foundation, AS Trust and BASM HoldCo LLC. These
notes and warrants were rescinded and are no longer outstanding as of December 31, 2022. Bobby Sarnevesht, one of our founders and our
Chief Executive Officer, is the trustee of the BAS Living Trust and his mother, Julia Hashemieh, is an affiliate of the Aryana Health
Care Foundation, and BASM HoldCo LLC and the trustee of the AS Trust.

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January 2024 Bobby Sarnevesht & Affiliate Note Exchange and Warrant Issuances

On January 11, 2024, we entered into a Debt Modification
and Equity Reclassification Agreement with Aryana Healthcare Foundation, BASM Hold Co LLC and BAS Living