Company: LTRYW
Filing Date: 2025-02-10
Form Type: DEF 14A
Source: 0001493152-25-005681
Chunk: 35

Company: Lottery.com Inc.
Filing Date: 2025-02-10
Form: DEF 14A
Chunk 35
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) | Amounts                                                                                                                          
 reflect the pro-rated portion of the NEO’s base salary earned during the fiscal year presented based on time in the role.        |
| (2) | USD value of                                                                                                                     
 stock awards. Amount represents the aggregate grant date fair                                                                    
 value of restricted share awards (“Restricted Shares”) made to the named executive officer computed in accordance with Financial 
 Accounting Standards Codification Topic 718, Compensation - Stock Compensation (“Topic 718”). As required by SEC rules, awards   
 are reported in the year of grant. For more information, see “Narrative Disclosure to Summary Compensation Table — Supplemental  
 Table” below.                                                                                                                    |
| (3) | Refers to any annual bonus, each of which is subject                                                                             
 to the approval of the Compensation Committee of the Board.                                                                      |
| (4) | 125,000 S-8 shares are reserved for later issuance.                                                                              |

| 25 |

Narrative Disclosure to Summary Compensation Table

Equity Awards

On October 10,
2023, the Board approved the “2023 Employees Directors and Consultants Stock Issuance and Option Plan” (the “Plan”)
in order for the Company to be able to attract and retain key personnel and to provide a means whereby certain directors, officers, employees,
consultants and advisors of the Company can acquire and maintain an equity interest in the Company, or be paid incentive compensation,
which may be measured by reference to the value of Common Stock, thereby strengthening their commitment to the welfare of the Company
and its Affiliates and aligning their interests with those of the Company’s stockholders.

As a result of
the Board’s approval of the Plan, S-8 common stock was awarded to: Robert Stubblefield, CFO, received 25,000 shares of common stock
and Greg Potts, COO, received 25,000 shares of common stock.

Fiscal 2022

There were no equity awards granted to our named executive officer during fiscal 2022.

Cash Compensation

Base Salary

Base salaries are generally set at levels deemed necessary to attract and retain our executives. We provide each named executive officer with a base salary for the services that the executive officer performs for us. This compensation component constitutes a stable element of compensation while other compensation elements may be variable. Base salaries are generally reviewed annually and may be increased based on any number of factors at the discretion of the Compensation Committee, including the individual performance of the named executive officer, company performance, any change in the executive