Company: LTRYW
Filing Date: 2025-04-25
Form Type: S-1/A
Source: 0001641172-25-006093
Chunk: 130

Company: Lottery.com Inc.
Filing Date: 2025-04-25
Form: S-1/A
Chunk 130
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 Stock Purchase Agreement will depend on a variety of factors to be determined by the Company from time to time, which may include,
among other things, market conditions, the trading price of the Company’s ordinary shares and determinations by the Company as
to the appropriate sources of funding for its business and operations.

The obligations
of Investor to accept any Put pursuant to a Put Notice is subject to customary conditions, including that Investor is not required to
purchase any ordinary shares pursuant to a Put if it would result in Investor beneficially owning in excess of 4.99% 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