Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 257

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 257
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6, 2023, seeking approximately $0.9
million in damages. We filed an answer on June 20, 2023. Discovery has not commenced. We intend to vigorously defend ourselves in this
matter and believe we will ultimately prevail.

On April 24, 2023, a former employee filed a complaint
against us and Proxima Media, LLC in the Superior Court of California, County of Los Angeles, alleging breach of employment contract and
various claims under the California Labor Code arising out of the termination of plaintiff’s employment on July 31, 2022. The case
is proceeding in arbitration and an evidentiary hearing is scheduled for February 29, 2024. Plaintiff is seeking to exercise approximately
$2.87 million in warrants. We intend to vigorously defend ourselves in this matter.

Music Licensing Dispute

On January 5, 2023, Universal Music Publishing,
Inc. filed a complaint against Triller Platform Co. f/k/a Triller, Inc. in the Superior Court of California, County of Los Angeles alleging
breach of contract seeking outstanding amounts owed under various licensing agreements. On February 28, 2023, Triller Platform Co. filed
an answer in which it conceded liability under such agreements but contested the claimed damages. On August 31, 2023, the plaintiff filed
a motion for summary judgment seeking damages in the amount of $2.9 million, reflecting the sum of unpaid amounts under the agreements
and interest at a rate of 10 percent per annum commencing on January 5, 2023. On December 19, 2023, judgment was entered in plaintiff’s
favor, and plaintiff was awarded $2.1 million in damages, plus interest at the rate of 10% per annum accruing from November 21, 2023 until
the judgment is paid in full. Plaintiff was additionally awarded its litigation costs in an amount that has not been determined. A judgment
lien in the amount of $2,233,945.37 has been perfected in the State of California against all property of Triller Platform Co. f/k/a Triller,
Inc. that may attach under Section 697.530 of the California Code of Civil Procedure. An additional judgment lien in the amount of $2,187,959.45
has been perfected in the State of California against all property of Triller Corp. that may attach under Section 697.530 of the California
Code of Civil Procedure.