Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 260

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 260
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 based on lack of proper jurisdiction in the subject court and shall continue to vigorously
the subject litigation.

Sony Music Publishing Europe Limited v. Triller Platform Co.(England)

On or about February 23, 2024, Sony Music Publishing
Europe Limited filed a Particulars of Claim in the High Court of Justice for the Business and Property Courts of England and Wales. The
subject claim alleges past due license fees and other dues payable in the sum of $3,807,500 plus interest. We intend to vigorously defend
this matter.

Verzuz Settlement

Effective February 16, 2024, Triller Hold Co LLC
and Triller Platform Co. f/k/a Triller, Inc. (collectively, the “Company”) entered into an Amended and Restated Settlement
and Release Agreement with the founders of Verzuz LLC (the “Settlement Agreement”) whereby the parties agreed among
other items to mutually release each other from certain liabilities and (i) the Company agreed to pay, as reimbursement for attorneys’
fees incurred in connection with Settlement Agreement and prior settlement agreements, the founders of Verzuz the sum of $0.4 million;
(ii) the Company agreed to relinquish and assign certain Verzuz intellectual property including trademarks to the founders of Verzuz;
(iii) the Verzuz founders agreed to terminate convertible notes having an aggregate principal amount of $10.0 million and extinguish accrued
interest payable on these notes through the Settlement Agreement date; (iv) the Verzuz founders agreed to amend and thereby reduce two
(2) of the Verzuz convertible notes having an aggregate principal amount of $27.0 million reduced to an aggregate balance of $17.0 million
and extinguish accrued interest payable on the amended convertible notes through the Settlement Agreement date and amend such notes such
that said amended convertible notes would convert automatically upon certain events including a reorganization of Triller Hold Co LLC.
Immediately prior to Triller Hold Co’s Reorganization, the Verzuz founders’ aggregate $17.0 million notes and note balances
were automatically converted into Class B units of Triller Hold Co. LLC. Upon consummation of the Triller Hold Co Reorganization, the
Triller Hold Co LLC Class B units issued to the Verzuz founders were exchanged into shares of the Company’s Series A common stock
and subject to customary lockup agreement terms and carry registration rights.

YA II PN, Ltd.

On November 26, 2024