Company: LTRYW
Filing Date: 2025-04-11
Form Type: S-1
Source: 0001641172-25-003901
Chunk: 92

Company: Lottery.com Inc.
Filing Date: 2025-04-11
Form: S-1
Chunk 92
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99% of the
Company’s ordinary shares, and that the ordinary shares subject to the Put be registered for resale.

The
net proceeds under the Stock Purchase Agreement to the Company will depend on the frequency and prices at which the Company sells ordinary
shares to Investor. The Company expects that any proceeds received by it from such sales to Investor will be used for working capital
and general corporate purposes.

The
Stock Purchase Agreement contains customary representations, warranties, conditions and indemnification obligations of the parties. The
representations, warranties and covenants contained in such agreements were made only for purposes of such agreements and as of specific
dates, were solely for the benefit of the parties to such agreements and may be subject to limitations agreed upon by the contracting
parties. The Stock Purchase Agreement contains restrictions on the Company’s ability to enter into any Variable Rate Transaction
(as defined in the Stock Purchase Agreement).

The
Company further entered into a Registration Rights Agreement with Investor, pursuant to which the Company agreed to register for resale
ordinary shares underlying the Stock Purchase Agreement. Those shares are registered pursuant to this Prospectus.

The
Stock Purchase Agreement shall only terminate upon the following events: (i) the first day of the month following the 60-month anniversary
of the Effective Date, (ii) the date on which the Investor shall have made payment of Puts pursuant to the Stock Purchase Agreement in
the aggregate amount of the Commitment Amount, or (iii) at such time that the Registration Statement is no longer effect. The Stock Purchase
Agreement may be terminated by the Company after commencement, at the Company’s discretion; provided, however, that if the Company
sold less than $5,000,000 to Investor, Company will pay to Investor a termination fee of $1,000,000, which is payable, at our option,
in cash or in shares of common stock at a price equal to the closing price on the day immediately preceding the date of receipt of the
termination notice.

Any investment in the securities offered hereby is speculative and involves a high degree of risk. You should carefully consider the information set forth under “ Risk Factors” beginning on page 6 of this prospectus.

| Issuance                                            
 of Common Stock                                     |     |                                                                                                                                                                                                                               |
| Shares                                              
 of Common Stock                                     |     | 22,419,355                                                                                                                                                                                                                    
 shares                                                                                                                                                                                                                        
 of common stock pursuant to the Stock Purchase Agreement comprised of (i) 20,000,000 (*)                                                                                                                                      
 Stock Purchase Agreement Shares,