Company: LTRYW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024882
Chunk: 61

Company: Lottery.com Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 61
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 26, 2025, the Company registered
Sports.com as a fictious name in the state of Florida under AutoLotto, Inc. Content provided by Sports.com is currently available worldwide as a website and a mobile application. The website was relaunched in August 2025.

As reported on form 8-K filed with the SEC on August 20, 2024, the
Company entered into a Share Purchase and Sale Agreement (the “Purchase Agreement”) with S&MI Ltd. (“S&MI”),
whereby it agreed to pay the shareholders of S&MI a total of $1,000,000 in restricted common stock at a valuation of $3.00 per share
for the acquisition of S&MI. In accordance with the Purchase Agreement:

The
first payment of $150,000 in restricted common stock (50,000 shares) of the Company is due and payable not later than the first business
date following the Completion 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 (70,833 shares) due on or before one hundred and twenty-one (121) days following the Closing Date; (ii)
a third payment, of $212,500 (70,833 shares) due on or before two hundred and twelve (212) days following the Completion Date; (iii)
a fourth payment of $212,500 (70,833 shares) due on or before three hundred and one (301) days following the Closing Date and (vi) a
final and fifth payment of $212,500 (70,834 shares) due on or before three hundred and ninety-six (396) days following the Closing Date.
The terms and conditions set forth in the MOU shall be incorporated into a definitive agreement to be entered into by the parties with
a Closing Date on or before September 1, 2024 or as otherwise agreed to by the parties.

In
addition, the Company has agreed to make available to the business of SportLocker.com, cash, media credits or combination thereof over
the twelve months following the Closing Date as additional capital investment into the business plan, to facilitate brand awareness,
user acquisition and general performance marketing and promotion, influencer and subscription campaigns and branding activities of S&MI’s
streaming and social engagement, subject to the Company successfully raising a minimum of new capital.

On
March 7,