Company: LTRYW
Filing Date: 2025-04-25
Form Type: S-1/A
Source: 0001641172-25-006093
Chunk: 207

Company: Lottery.com Inc.
Filing Date: 2025-04-25
Form: S-1/A
Chunk 207
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 connection with the acquisition - is primarily attributed to an anticipated growing lottery market in Mexico that is expected to be achieved from the integration of these Mexican entities. None of the goodwill is expected to be deductible for income tax purposes.

Following are details of the purchase price allocated to the intangible assets acquired.

Schedule of Intangible Assets Acquired

| Category                   |     | Fair Value |           |
|:---------------------------|:----|:-----------|----------:|
| Customer relationships     |     | $          |   410,000 |
| Gaming licensees           |     |            | 4,020,000 |
| Trade names and trademarks |     |            | 2,540,000 |
| Technology                 |     |            | 1,620,000 |
| Total Intangibles          |     | $          | 8,590,000 |

S&MI Ltd Acquisition

On September 1, 2024, the Company finalized an agreement for the acquisition of S&MI, Ltd. with its shareholders (the “Share Purchase and Sale Agreement”), wherein the Purchase Price is the total equivalent One Million Dollars USD ($ 1,000,000.00) in restricted stock units of common shares in the Company. (the “Payment-In-Kind”) fixed at Three Dollars USD ($ 3.00) per share (the “Fixed Price”). Purchase Price is to be paid out over five payments on the following schedule : Thefirst payment of $ 150,000in restricted common stock ( 50,000shares) of the Company is due and payable on September 1, 2024 (the “Completion Date” and the “First Issuance Date”.). The remaining payments in restricted common stock to the shareholders of S&MI Ltd. by the Company will be made as follows: (i) a second payment of $ 212,500( 70,833shares) due on or before the 31 stday following ninety days after the Completion Date (the Second Issuance Date”); (ii) a third payment, of $ 212,500( 70,833shares) due on or before the 31 stday following ninety days after the Second Issuance Date (the Third Issuance Date”); (iii) a fourth payment of $ 212,500( 70,833shares) due on or before the 31 stday following ninety days after the Third Issuance Date (the “Fourth Issuance Date”); and (vi