Company: LTRYW
Filing Date: 2025-10-15
Form Type: 10-Q/A
Source: 0001493152-25-018121
Chunk: 46

Company: Lottery.com Inc.
Filing Date: 2025-10-15
Form: 10-Q/A
Chunk 46
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 however, the Company’s results of operations may have been
different if these transactions were conducted with nonrelated parties.

Christopher Gooding, a director of
the Company appointed on August 10, 2023, is an attorney licensed in the United Kingdom who works with the Company’s outside
general counsel on various matters that could potentially impact the Company. Mr. Gooding is compensated for his
services separately from his compensation as a director of the Company. Mr. Gooding began providing legal services to the
Company through the firm Amar Ali Law PLLC in February 2024. He was paid a total of $264,000
in 2024 for his legal services. His compensation for legal services provided during the three months ended March 31, 2025 was $72,000.

During the quarter ended September 30,
2024, the Company entered into a borrowing arrangement with Robert Stubblefield, the Company’s Chief Financial Officer, to provide
funding for certain operating expenses of the Company. At September 30, 2024 the Loan amount was $57,682. Additional amounts were provided
by Mr. Stubblefield during the quarter ended December 31, 2024. The loan amount at year end was $67,941.The Loan was issued at zero percent
interest. In February of 2025, the Company granted shares of common stock which repaid the loan in full.

Note 16. Subsequent Events

On September 28, 2023, the company entered into Stock
Purchase Agreement with the shareholders of Nook Holdings Limited (“Nook”), a private limited company incorporated and registered
in the Abu Dhabi Global Market, Abu Dhabi, United Arab Emirates (“UAE”). The total purchase price is approximately $2.314
million. The Company made three payments totaling $137,500 in the fourth quarter of 2023 and additional payments totaling $125,000 on
May 5, 2025 and anticipates the transaction closing in the second quarter of 2025 or as otherwise agreed by the parties. Nook is known
for its innovative approach to co-working in Dubai and has procured 200 licenses for individuals and companies in the sports, health and
wellness sector seeking access to Dubai and the broader Middle Eastern market. With its exclusive partnership with the Dubai Multi-Commodities
Centre Free Zone (DMCC), Nook offers a wide range of services, including business setup support, insurance, VAT registration, and networking
opportunities