Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 290

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 290
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of Triller Common Stock shall have equal rights of participation in the dividends and other distributions in cash, stock, or property
of Triller when, as and if declared thereon by the Triller Board from time to time out of assets or funds of Triller legally available
therefor and shall have equal rights to receive the assets and funds of Triller available for distribution to stockholders in the event
of any liquidation, dissolution, or winding up of the affairs of Triller, whether voluntary or involuntary. Under Delaware law, Triller
can only pay dividends either out of “surplus” or out of the current or the immediately preceding year’s net profits.
Surplus is defined as the excess, if any, at any given time, of the total assets of a corporation over its total liabilities and statutory
capital. The value of a corporation’s assets can be measured in a number of ways and may not necessarily equal their book value.

Dividends

The payment of future
dividends on the shares of Triller Common Stock will depend on the financial condition of the Company after the completion of the Merger
subject to the discretion of Triller Board. There can be no guarantee that cash dividends will be declared. The ability of Triller to
declare dividends may be limited by the terms and conditions of other financing and other agreements entered into by Triller or any of
its subsidiaries from time to time.

Triller Preferred Stock

There are 11,803,398 shares of Triller Preferred Stock outstanding,
consisting of 11,801,804 Triller Series A-1 Preferred Stock and 30,851 Triller Series B Preferred Stock.

The Triller Board is
authorized to provide, out of the unissued shares of Triller Preferred Stock, for one or more series of Triller Preferred Stock and,
with respect to each such series, to fix the number of shares constituting such series and the designation of such series, the voting
powers, if any, of the shares of such series, and the preferences and relative, participating, optional, or other special rights, if
any, and any qualifications, limitations, or restrictions thereof, of the shares of such series, as shall be stated in the resolution
or resolutions providing for the issuance of such series adopted by the Triller Board. The authority of the Triller Board with respect
to each series of Triller Preferred Stock shall include, but not be limited to, determination of the following: (a) the designation of
the