Company: LTRYW
Filing Date: 2025-10-15
Form Type: 10-Q/A
Source: 0001493152-25-018121
Chunk: 62

Company: Lottery.com Inc.
Filing Date: 2025-10-15
Form: 10-Q/A
Chunk 62
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://sports.com. On March 26, 2025, the Company registered Sports.com as a fictious name in the state of Florida under AutoLotto,
Inc, a wholly owned subsidiary (“Sports.com”). Sports.com is currently available worldwide as a website and a mobile application.

As reported on form 8-K filed
with the SEC on February 9, 2024, on February 5, 2024, the Company entered into a Memorandum of Understanding (the “MOU”)
with WA Technology Group Limited (“WATG”), whereby the Company has agreed to pay WATG a total of $500,000 US dollars in restricted
common stock at a price of $3.00 per share. A second payment by Lottery.com to WATG shall be due in five years and 2 months from the date
of the definitive agreement to be signed by the parties at a later date. The total consideration for the second payment is the equivalent
of $500,000 US dollars in restricted common stock at market value on the date the second payment is due. In addition, the Company will
nominate an individual (at a later date) from WATG to act as a dedicated consultant to the Company for the purpose of expanding its brand,
ticket sales and global operations. In exchange, the Company shall own a non-exclusive perpetual single use license for WATG’s Lottery
Player & Account Management Software (“PAM”) and WATG shall provide its full spectrum of iGaming solutions to the Company
to manage its global growth strategy. The parties shall co-operate and collaborate with one another’s businesses and shall enter
a more definitive agreement at a later date.

As reported on form 8-K filed
with the SEC on August 20, 2024, the Company entered into a Share Purchase and Sale Agreement
(the “Purchase Agreement”) with S&MI Ltd. (“S&MI”), whereby it agreed to pay the shareholders of S&MI
a total of $1,000,000 in restricted common stock at a valuation of $3.00 per share for the acquisition of S&MI. In accordance with
the Purchase Agreement:

The first payment of $150,000
in restricted common stock (50,000 shares) of the Company is due and payable not later than the first business date following the Completion
Date. The remaining payments in restricted common stock to the shareholders of S&MI Ltd. by the Company will be made as follows:

(i) a