Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 6

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 1
Chunk 6
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 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 the event the shares are valued at less than $300,000 at market closing
on February 6, 2026, the Company will have the option to pay the difference in cash or issue additional shares to Soccerex.

2024 Annual Meeting of Shareholders

As filed on form
8-K on February 24, 2025, on February 20, 2025, the Company held its 2024 Annual Meeting of Stockholders (the “ Annual Meeting”).
At the Annual Meeting, holders of common stock of the Company as of the record date of December 31, 2024 (the “ Record Date”)
were entitled to receive notice and vote at the meeting, which was held at https://www. cstproxy. com/lottery/2025 at 10:00 a. m. Central
Time. The Inspector of Election certified that as of the Record Date, there were 12,080,919 shares of Common Stock entitled to vote.
The total number of shares voted in person or by proxy were 5,864,197 - 48.54%. Approved by majority vote of the shareholders were:
(1) the re-election of Paul Jordan, a Class II director, as a director of the Company; (2) the appointment of Boladale Lawal & Company
as the Company’s new independent registered public accounting firm; (3) a reverse stock split at a ratio in the range of one-for-2
to one-for-30 of the Company’s Common Stock, with the exact ratio to be determined in the discretion of our board of directors
and with such reverse stock split to be effected at such time and date, if at all, as determined by our board of directors in its sole
discretion (the “ Reverse Stock Split Proposal”) - Board of Directors of the Company subsequently voted not to proceed
with the Reverse Stock Split Proposal; and (4) an adjournment of the Annual Meeting, if necessary or appropriate, to solicit additional
proxies if there are not sufficient votes at the time of the Annual Meeting to approve the Reverse Stock Split Proposal.

S-1
Registration F