Company: LTRYW
Filing Date: 2025-04-22
Form Type: 10-K/A
Source: 0001641172-25-005663
Chunk: 29

Company: Lottery.com Inc.
Filing Date: 2025-04-22
Form: 10-K/A
Chunk 29
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 that may apply where we operate. As we enter new foreign markets, we
are likely to become subject to additional laws and regulations and restrictions, which increases the risk that we or one of our subsidiaries
will inadvertently violate one of such laws or regulations.

Governance Changes

All members of the Board and
all principal executive officers who served in such positions at the time of the 2022 Operational Cessation have resigned from such positions
and are no longer serving in any capacity with the Company or its subsidiaries. Matthew McGahan is now the sole director of Global Gaming
and Gregory Potts was appointed to the boards of Juega Lotto and Aganar. Corporate governance for Tinbu, LLC remains the same with AutoLotto,
Inc. being the sole managing member of the LLC.

Employees

As of the date of this Report,
the Company has six employees and nine key contractors who remain active in the efforts to restore the Company’s U.S. operations.
Additionally, the Company has six employees to support international operations.

Intellectual Property

We rely on a combination of trademark, copyright, and trade secret protection laws in the U.S. and other jurisdictions, as well as confidentiality procedures and contractual provisions, to protect our intellectual property and our brand.

We have been using the LOTTERY.COM trademark since 2017; in February 2022, the LOTTERY.COM logo was registered on the Supplemental Register of the U.S. Patent and Trademark Office. As of December 31, 2024, the registrations of our LOTTERY.COM word mark was pending with the U.S. Patent and Trademark Office. We are also using or have common-law trademark rights in the trademarks AUTOLOTTO, SPORTS.COM, and “TAP, TAP, TICKET.” We will continue to evaluate the filing of trademark applications in the U.S. and select foreign markets, as appropriate.

While we did not have any patent applications or own any issued patents as of December 31, 2024, we will continue to evaluate our technology to determine whether it is appropriate to file patent applications in the U.S. or internationally.

We seek to protect our intellectual property rights by implementing policies that require our employees and independent contractors involved in development of intellectual property to enter into agreements acknowledging that all intellectual property generated or conceived by them on our behalf are our property and assigning to us any rights that they may claim or otherwise have in those works or property, to the extent allowable under applicable law.

Notwithstanding our best efforts to