Company: LTRYW
Filing Date: 2025-12-10
Form Type: PRE 14A
Source: 0001493152-25-027089
Chunk: 34

Company: Lottery.com Inc.
Filing Date: 2025-12-10
Form: PRE 14A
Chunk 34
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 payment will be made as described above under “No Fractional Shares.”

Criteria to be Used for Decision to Apply a Forward Stock Split

In the event that approval for the Forward Stock Split(s) Proposal is obtained, our Board will be authorized to proceed with one or more Forward Stock Splits. Depending on market conditions and other factors our Board may delay its decision to execute a Forward Stock Split indefinitely.

Certain Material U.S. Federal Income Tax Consequences of a Forward Stock Split to U.S. Holders

The following is
a summary of certain material U.S. federal income tax consequences of a Forward Stock Split that generally are expected to be
applicable to U.S. Holders (as defined below) of our Common Stock who hold their common shares, both before and after a Forward
Stock Split, as capital assets within the meaning of Section 1221 of Internal Revenue Code of 1986, as amended (the “Code”)
(generally property held for investment). This summary is based on provisions of the Code, applicable Treasury Regulations promulgated
thereunder, judicial authority and current administrative rulings and practices as in effect on the date of this proxy statement. Changes
to these laws could alter the tax consequences described below, possibly with retroactive effect, which may result in the U.S. federal
income tax consequences of a Forward Stock Split differing substantially from the consequences summarized below. We have not sought
and will not seek an opinion of counsel or a ruling from the Internal Revenue Service regarding the U.S. federal income tax consequences
of a Forward Stock Split and there can be no assurance that the Internal Revenue Service or the courts will accept the positions
expressed below.

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This discussion is for general information only and does not purport to consider all aspects of U.S. federal income taxation that might be relevant to a U.S. Holder. This discussion does not address the tax consequences which may apply to stockholders subject to special rules, such as financial institutions, insurance companies, tax-exempt organizations, dealers in securities, real estate investment trusts, regulated investment companies, stockholders who hold their pre-Forward Stock Split shares through individual retirement or other tax-deferred accounts, stockholders who are not U.S. Holders (as defined below), stockholders who have a functional currency other than the U.S. dollar, partnerships, S corporations or other entities or arrangements classified as partnerships or disregarded entities for U.S. federal income tax purposes (or persons holding our Common Stock through such entities),