Company: LTRYW
Filing Date: 2025-05-14
Form Type: S-1/A
Source: 0001641172-25-010091
Chunk: 130

Company: Lottery.com Inc.
Filing Date: 2025-05-14
Form: S-1/A
Chunk 130
---
 13, 2024,
the Company and Generating Alpha Ltd. (the “Investor Selling Shareholder”), entered a Stock Purchase Agreement and
Common Stock Purchase Warrant (“Stock Purchase Agreement”). The Investor Selling Shareholder has agreed to purchase
from the Company up to One Hundred Million Dollars ($100,000,000) (the “Commitment Amount”) of the Company’s fully
registered, freely tradable common stock (the “Common Stock”) under certain terms and conditions. Pursuant to the terms of
the Stock Purchase Agreement the Company can request a “Put” on the purchase of its stock and the Investor Selling Shareholder
has agreed to purchase the Company’s shares at ninety (90%) percent of the “Market Price.” Market Price shall be
defined as the average VWAP of the common stock twenty trading days immediately preceding the Put. “Maximum Put Amount”The dollar amount of Common Stock sold to the Investor Selling Shareholder in each Put may not be less than $20,000.00 and
the maximum amount will equal 100% of the Average Daily Trading Volume. The Maximum Put Amount may be increased upon mutual written consent
of the Company and the Investor Selling Shareholder. Puts are further limited to Investor Selling Shareholder owning no
more than 4.99% of the Common Stock at any given time.

As per the terms
of the Stock Purchase Agreement, the Company will issue to the Investor Selling Shareholder a Commitment Fee of 512,662 shares
of Common Stock and a prefunded Common Stock Purchase Warrant for 1,906,693 shares. After drawing down half of the Commitment Amount,
the Company shall issue an additional 1.5% of half of the Commitment Amount in an amount to equal shares of the Company’s common
stock, not to exceed 4.99% of the Company’s issued and outstanding. Any amount that would exceed 4.99% of the Company’s issued
and outstanding shall be issued in the form of a prefunded Common Stock Purchase Warrant. The aggregate exercise price of this Warrant
was pre-funded to the Company prior to any exercise and, consequently, no additional consideration shall be required to be paid. The
Stock Purchase Agreement is attached hereto as Exhibit 10.31. In addition, the Company has agreed to register the Investor Selling
Shareholder’s shares pursuant to Exhibit A, the “Registration Rights Agreement.” Those shares are being registered
pursuant to this Prospectus.

The Company will