Company: LTRYW
Filing Date: 2025-10-15
Form Type: 10-Q/A
Source: 0001493152-25-018121
Chunk: 47

Company: Lottery.com Inc.
Filing Date: 2025-10-15
Form: 10-Q/A
Chunk 47
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 for like-minded sports entrepreneurs. As part of the acquisition, Nook will be rebranded under the Sports.com umbrella.

On May 02, 2025, Sports.com and
Lottery.com entered into a Sponsorship Agreement (the “Sponsorship”) with Sebastain Murray (“Murray”) the Scottish-born
racing driver based in Dubai competing in the INDY NXT by Firestone series driving for the Andretti Cape Team. The Andretti Cape Team
is part of Andretti Global and TWG Motorsports, led by Dan Towriss. The Sponsorship will be for the thirteen (13) remaining races in the
2025 season and includes: Vehicle branding (Lottery.com (rear wing), Sports.com (front wing)); branded driver overalls; co-branded Novara
Cables assets; media rights for promotional use and social media activations (20 tagged posts); production rights to the content series:
‘Rookie Road’; monthly interviews; hospitality package including Best Endeavors for six passes per race; and Grid Walk access
at three races. In consideration for this Sponsorship the Company shall pay fifty thousand U.S. dollars ($50,000) in cash paid in three
tranches between now and the end of the season and fifty thousand U.S. dollars ($50,000) in Company common stock valued at three U.S.
dollars ($3.00) per share or approximately 16,666 shares. The shares are to be restricted until the end of the 2025 Indy NXT Season. The
Sponsorship does include a “Top-off” guarantee to ensure a minimum of fifty thousand U.S. dollars ($50,000) value when the
restriction is lifted.

On May 07, 2025, Lottery.com entered
into a Letter of Intent (the “LOI”) with Dotcom Ventures Inc. (“DVI”) which outlines the intent of the Company
to purchase a minimum of 51% up to 100% of DVI and its assets including the domain names concerts.com and ticketstub.com (“DVI Assets”)
from Concerts.com Inc. (“Concerts.com” or the “Seller”). Subject to Due Diligence (as defined below), as consideration
for Majority Interest, Lottery.com shall pay Concerts.com the purchase price of Five Million Dollars USD ($5,000,000) (the “Purchase
Price”) for Majority Interest in DVI.

On May 13, 2025, the board