Company: LTRYW
Filing Date: 2025-10-15
Form Type: 10-Q/A
Source: 0001493152-25-018121
Chunk: 41

Company: Lottery.com Inc.
Filing Date: 2025-10-15
Form: 10-Q/A
Chunk 41
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,
our board of directors adopted, and our stockholders approved, the Lottery.com 2021 Incentive Award Plan (the “2021 Plan”)
under which 616,518 shares of Class A common stock were initially reserved for issuance. The 2021 Plan allows for the issuance of incentive
and non-qualified stock options, stock appreciation rights, restricted stock, restricted stock units and other stock or cash-based awards.
The number of shares of the Company’s Class A common stock available for issuance under the 2021 Plan increases annually on the
first day of each calendar year, beginning on and including January 1, 2022 and ending on and including January 1, 2031 by a number of
shares of Company common stock equal to five percent (5%) of the total outstanding shares of Company common stock on the last day of the
prior calendar year. Notwithstanding the foregoing, the Board may act prior to January 1st of a given year to provide that there will
be no such increase in the share reserve for such year or that the increase in the share reserve for such year will be a lesser number
of shares of Company common stock than would otherwise occur pursuant to the preceding sentence.

2023 Equity Incentive Plan

On October 10, 2023, the Board adopted
the Lottery.com 2023 Employees’ Directors’ and Consultants Stock Issuance and Option Plan (the “2023 Plan”) under
which 500,000shares of Class A common stock were initially reserved for issuance. The 2023 Plan allows for the issuance of incentive and non-qualified
stock options, and restricted stock. As of December 31, 2024, the Company had awarded 350,000shares under the 2023 Plan. The company did not grant any additional shares
during the quarter ended March 31, 2025.

| F-23 |

Stock Options

The Company did not issue any new
stock options during the quarter ended March 31, 2025. The following table shows stock option activity for the year ended December
31, 2024 and the quarter ended March 31, 2025:

Schedule of Stock Option Activity

|                                  |     | Shares    
 Available 
 for Grant |           |     | Outstanding 
 Stock       
 Awards      |           |     | Average  
 Exercise 
 Price    |      |     | Weighted     
 Remaining    
 Contractual  
 Life (years) |     |     | Weighted  
 Average   
 Aggregate