Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 330

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 330
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 and maturity under the First Pre-Paid Advance.

In connection with the Second A&R SEPA, the
Company issued convertible promissory notes in an aggregate of $ million to Yorkville. On July 2, 2024, the Company received $
million, net of $ direct legal fee incurred in arranging the Second A&R SEPA, from Yorkville.

Common Warrants to Yorkville

Also, pursuant to the Second A&R SEPA, the Company issued a warrant
(the “Common Warrant”) to Yorkville to purchase up to a number of shares of common stock of the Company equal to % of the
principal amount of the aggregated pre-paid advances divided by a price equal to the Fixed Price, each such Common Warrant with an exercise
price equal to the Fixed Price. On June 28, 2024, the Company issued shares of common warrants to Yorkville (representing $
or % of the $ the aggregated principal amount of the First Pre-Paid Advance and the Second Pre-Paid Advance) at a fixed price
of $ per share.

Promissory Notes Receivable from Triller

In connection with the First and Second Pre-Paid Advances issued by
Yorkville under A&R SEPA and the Second A&R SEPA, Yorkville advanced $ million and $ million, respectively to Triller and
Triller issued promissory note to the Company in April and August 2024. The promissory notes receivable from Triller included interest
receivables from Triller.

As of , the promissory note
receivable from Triller was $, including an interest receivable of $, with the maturity date on June 28, 2025.

Convertible Promissory Notes Payable, net

As of September 30, 2024, the aggregate principal amount of the First
and Second Pre-Paid Advances are $ million and the convertible promissory notes payable to Yorkville are recorded at $ million,
net of discount, as current liabilities on the condensed consolidated balance sheets. The convertible promissory notes payable will be
repayable within 12 months after the issuance date. Also, Yorkville has the right to convert the convertible promissory notes payable
into the Company’s common stock at any time after the Merger Transaction at a fixed conversion price. The Company analyzed the conversion
feature of the agreement for derivative accounting consideration under ASC 815 and determined that the embedded conversion features should
be classified as a derivative because the exercise price of