Company: LTRYW
Filing Date: 2025-05-14
Form Type: S-1/A
Source: 0001641172-25-010091
Chunk: 68

Company: Lottery.com Inc.
Filing Date: 2025-05-14
Form: S-1/A
Chunk 68
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 firm has sought collections on Streicher by noticing Judgment-Debtor for Deposition by
Oral Examination in Aid of Judgment and seeking post-judgment discovery, including interrogatories and requests for production.

In an effort to
avoid post-judgment discovery, Streicher indicated a willingness to pay the judgment over time with interest and is attempting to negotiate
a settlement and forbearance agreement with the Company. Streicher’s original deadline to produce documents and respond to the
post-judgment discovery was January 16, 2023, and the Deposition was scheduled to take place on January 19, 2023. On January 20, 2023,
faced with post-judgment discovery and depositions, Streicher remitted a partial payment towards the Judgment in the amount of $75,000.
On February 13, 2023, Streicher made another payment towards the Judgment in the amount of $50,000 and agreed to make another payment
in the amount of $75,000 on February 28, 2023. Streicher failed to remit the payment on February 28, 2023, and as a result, the Company
is proceeding with the post-judgment discovery and depositions, which was scheduled for March 16, 2023, however Streicher did not appear
at such hearing. The Company intends to fully collect on the Judgment and intends to pursue all legal and equitable means to enforce
the Judgment against Streicher until the Judgment is fully satisfied.

We may never collect
the full amount of the judgment, the costs of collecting the judgment, including additional legal fees may be material, and Streicher
may not have funds to pay us amounts due or make seek bankruptcy protection.

Item 3. Legal Proceedings

The Company is
from time to time a party to various lawsuits, claims and other legal proceedings that arise in the ordinary course of business. In addition,
the Company is a party to several material legal proceedings, which are described below. The outcome of litigation is inherently uncertain.
If one or more legal matters were resolved against the Company in a reporting period for amounts in excess of management’s expectations,
the Company’s financial condition and operating results for that reporting period could be materially adversely affected.

J. Streicher

On July 29, 2022, the Company
filed its original Verified Complaint for Breach of Contract and Specific Performance (the “Streicher Complaint”)
against J. Streicher Financial, LLC (“St