Company: LTRYW
Filing Date: 2025-04-25
Form Type: S-1/A
Source: 0001641172-25-006093
Chunk: 168

Company: Lottery.com Inc.
Filing Date: 2025-04-25
Form: S-1/A
Chunk 168
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., 4th Floor, Fort Worth, Texas 76109.                                             |
| (7) | Consists                                                                                                                                 
 of (i) 2,000,000 shares of Common Stock upon conversion of promissory notes currently held by United Capital Investments                 
 London Limited (“UCIL”) , under the UCIL Loan Agreement. UCIL’s business address is c/o Lottery.com Inc., 5049                           
 Edwards Ranch Rd., 4th Floor, Fort Worth, Texas 76109.                                                                                   |
| (8) | Consists                                                                                                                                 
 of (i) 208,333 shares of Common Stock upon conversion of promissory note held by Karen Ann                                               
 Johnson Revocable Trust. The Trust’s business address is c/o Lottery.com Inc., 5049                                                      
 Edwards Ranch Rd., 4th Floor, Fort Worth, Texas 76109.                                                                                   |
| (9) | Consists                                                                                                                                 
 of (i) 208,333 shares of Common Stock upon conversion of promissory note owned held by Carey                                             
 S. Fitchey, an Advisor to our CEO and (ii) 23,819 Purchase Warrant Shares. Mr. Fitchey’s                                                 
 business address is c/o Lottery.com Inc., 5049 Edwards Ranch Rd., 4th Floor, Fort Worth,                                                 
 Texas 76109                                                                                                                              |
|     | The Selling Shareholders own, in the aggregate, approximately                                                                            
 25.98% of the Common Stock outstanding prior to this offering.                                                                           |

Stock Purchase Agreement and Common Stock Purchase Warrant

On November 13, 2024, the
Company and Generating Alpha Ltd. (the “Investor”), entered a Stock Purchase Agreement and Common Stock Purchase Warrant
(“Stock Purchase Agreement”). The Investor 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 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 in each Put may not be less than
$20