Amendment No. 1 to Convertible Promissory Note by and between Triller Hold Co LLC and Capital Truth Holdings, Ltd., dated December 5, 2023
Exhibit 10.33
AMENDMENT
TO
UNSECURED CONVERTIBLE PROMISSORY NOTE
This AMENDMENT TO UNSECURED CONVERTIBLE PROMISSORY NOTE (this Amendment) is made of December 5, 2023. This Amendment amends that certain 7.5% PIK Unsecured Convertible Promissory Note dated January 24, 2023 in the initial principal amount of up to $20,000,000.00 (the Note) issued by Triller Hold Co LLC, a Delaware limited liability company (the Company), to Capital Truth Holdings, Ltd. (Holder). Capitalized terms used but not defined in this Amendment shall have the meanings ascribed to them in the Note.
For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Holder and the Company hereby amend the Note as follows:
1. Principal Amount of Note. The maximum principal amount of the Note is hereby increased to $30,000,000.00. The outstanding principal balance under the Note at any given time shall be an amount equal to the sum of the Holders actual cash investments into the Company as reflected in the Companys books and records, less the sum of any repayments of principal made as of such time.
2. Maturity Date. The definition of Maturity Date in the preamble paragraph of the Note is hereby amended to mean April 30, 2024.
3. Miscellaneous. The Note, as modified by this Amendment, remains in full force and effect and is hereby ratified in all respects. There are no other amendments or modifications to the Note except those expressly set forth in this Amendment.
IN WITNESS WHEREOF, Holder and the Company have executed this Amendment as of the day and year first above written.
COMPANY
TRILLER HOLD CO LLC
/s/ Bobby Sarnevesht |
By Bobby Sarnevesht |
Its Chief Executive Officer |
HOLDER
CAPITAL TRUTH HOLDINGS LTD.
/s/ Joshua Cilano |
By Joshua Cilano |
Its Founder |