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

Company: Lottery.com Inc.
Filing Date: 2025-04-22
Form: 10-K/A
Chunk 10
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 Company’s fully registered, freely tradable common stock (the “Common
Stock”) under certain terms and conditions. Pursuant to the terms of the Agreement the Company can request a “Put”
on the purchase of its stock and the Investor has agreed to purchase the Company’s shares at ninety (90%) percent of the
“Market Price.” Market Price shall be defined as the average VWAP of the common stock twenty trading days immediately
preceding the Put (“Maximum Put Amount”). The dollar amount of Common Stock sold to the Investor in each Put may not be
less than $20,000.00 and the maximum amount will equal 100% of the Average Daily Trading Volume. The Maximum Put Amount may be
increased upon mutual written consent of the Company and the Investor. Puts are further limited to Investor owning no more than
4.99% of the Common Stock at any given time.

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In accordance with the Agreement, the Company issued
to the Investor a Commitment Fee in shares of the Company’s common stock equivalent to 1.5% of half of the Commitment Amount. After
drawing down half of the Commitment Amount, the Company shall issue an additional 1.5% of half the Commitment Amount in shares of the
Company’s common stock, not to exceed 4.99% of the Company’s issued and outstanding. Any amount that would exceed 4.99% of
the Company’s issued and outstanding shall be issued in the form of a prefunded Common Stock Purchase Warrant.

Soccerex LLC

As reported
on form 8-K on February 12, 2025, on February 6, 2025, the Company doing business as Sports.com, entered into a two-year sponsorship agreement
(the “Agreement”) with Soccerex LLC (“Soccerex”). The Agreement designates Sports.com as the title sponsor for
Soccerex’s Expositions in 2025 and 2026. The 2025 Expos are scheduled to be held in Miami, Amsterdam, and Cairo. Locations for the
2026 Expos have not been announced. The Agreement also provides the Company with marketing, advertising and consultancy benefits throughout
the term.

The terms
of the Agreement require the Company to pay Soccerex $300,000. In consideration, Soccerex will receive 150,000 restricted shares of Lottery.com
Inc. Common Stock (Nasdaq: LTRY) at a value of $2.00 per share. In