Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 206

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part II, Item 8
Chunk 206
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 share, supports Lottery.com’s strategic expansion and
the development of Lottery.com International. The acquisition provides the Company with a compliant platform to support lottery, sweepstakes
and social gaming operations in dozens of international jurisdictions. The platform has been recorded as an Intangible Asset in the Technology
category. Amortization will begin when the platform is placed in service which is expected to be during the fourth quarter of 2025.

DotCom
Ventures Inc. Acquisition

The
Company completed the acquisition of 51% of DotCom Ventures Inc [“DVI”] from Concerts Inc. through a signed Share Purchase
Agreement (SPA) on July 25, 2025. Valuation for DVI is $10 million. At closing, the Company made an in-kind payment of $5.1 million of
common stock for 51,000 shares of DVI. The Agreement contains a Call Option, which provides the Company with the right to purchase up
to the entire share capital of DVI as follows: (i) Ten Thousand (10,000) shares for One Million Dollars ($1,000,000.00) cash by not later
than December 31, 2025; (ii) Fifteen Thousand (15,000) shares for One Million Five Hundred Thousand Dollars ($1,500,000.00) cash by not
later than May 31, 2026; (iii) Five Thousand (5,000) shares for Five Hundred Thousand Dollars ($500,000.00) cash by not later than December
31, 2025; and (iv) Twenty Thousand (20,000) shares for Two Million Dollars ($2,000,000.00) in either shares or cash by not later than
December 31, 2025 (the “Final Payment”). Unless extended by the parties in writing, portions of the Call Option will be revoked
automatically upon the expiration of the funding deadlines set forth above without full payment of the corresponding funding obligation
to DVI.

Primary
assets acquired include the domain names Concerts.com and Ticketstub.com along with social media accounts and trademarks associated with
each and have been recorded as Intangible Assets in the Domain Name category. Amortization began during the third quarter of 2025. There
are encumbrances against the domain names and all associated and ancillary assets for Secured Promissory Notes totaling $1,500,000 that
mature in December of 2025. The