Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 413

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 413
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   |
| 2028                              |     |           |  3,201,250 |   |
| Thereafter                        |     |           |  1,333,854 |   |
| Total minimum lease payments      |     |           | 14,297,354 |   |
| Less: imputed interest            |     |           | (2,421,972 | ) |
| Total operating lease liabilities |     | $         | 11,875,382 |   |

NOTE 16 — WARRANT LIABILITIES

Private warrants

The private warrants are accounted for as liabilities
in accordance with ASC 480 and are presented as liabilities on the consolidated balance sheets. As of December 31, 2023 and 2022, there
were private warrants outstanding.

The fair value of the private warrants is valued
by an independent valuer using a Binominal pricing model. The warrants were classified as Level 3 due to the use of unobservable inputs.

| Input                   |     | As of December 31, 
 2023               |           |   |     | 2022 |           |   |
|:------------------------|:----|:-------------------|----------:|:--|:----|:-----|----------:|:--|
| Share price             |     | $                  |      0.49 |   |     | $    |      1.54 |   |
| Risk-free interest rate |     |                    |      4.04 | % |     |      |      4.16 | % |
| Volatility              |     |                    |     48.66 | % |     |      |     52.19 | % |
| Exercise price          |     | $                  |     11.50 |   |     | $    |     11.50 |   |
| Warrant remaining life  |     |                    | 3.9 years |   |     |      | 4.9 years |   |

As of December 31, 2023 and 2022, the aggregate
value of the private warrants was nil and $, respectively. The changes in fair value for the years ended December 31, 2023 and 2022
were $ and $, respectively.

Warrants – Class A

In December 2023, the Company consummated the
private placement and received cash proceeds in exchange of ordinary shares and warrants to be issued. These warrants
have