Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 89

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 1A
Chunk 89
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emable Securities or association or affiliation with the Company or its affiliates, to jeopardize, impede,
impair or adversely affect the ability of the Company’s or any of its affiliates to obtain, maintain, hold, use or retain any Regulatory
Approval or to cause or result in the suspension, disapproval, termination, non-renewal or loss of any Regulatory Approval (each of such
holders or an affiliate of such holder, a “ Disqualified Holder”) shall be subject to redemption by the Company (as described
in the Charter) as and to the extent required by a Regulatory Authority or deemed necessary or advisable by the Company’s Board.

  48  

If
a Regulatory Authority requires the Company, or the Board deems it necessary or advisable, to cause any such Redeemable Securities be
subject to redemption, we will deliver a redemption notice (as described in the Charter) to the Disqualified Holder or its affiliate(s)
(as applicable) and shall purchase the number and type of Redeemable Securities specified in the redemption notice for the redemption
price, as defined and determined in accordance with the Charter and set forth in the redemption notice.

Commencing
on the date that a regulatory authority serves notice of a determination of disqualification or unsuitability of a holder of Redeemable
Securities, or the Board otherwise determines that a person is a Disqualified Holder, and until the Redeemable Securities owned or controlled
by such person are owned or controlled by a person who is not a Disqualified Holder, the Disqualified Holder and any affiliates of such
Disqualified Holder shall not be entitled to: (i) exercise, directly or indirectly, any voting rights conferred by such Redeemable Securities
or otherwise participate in the management of the business or affairs of the Company or our affiliates; (ii) receive any dividends or
share of distribution of profits or cash or any other property of, or payments upon dissolution of, the Company or our affiliates, other
than payment for the redemption of the Redeemable Securities as described in the Charter; or (iii) receive any remuneration in any form
from the Company or any of our affiliates, for services rendered or otherwise.

No
redemption of Redeemable Securities shall be effectuated pursuant to the Charter without the receipt of the regulatory approvals required.
From and after the redemption date, the Redeemable Securities shall no longer be deemed outstanding, such Disqualified Holder shall cease
to be a stockholder with respect to such Redeemable Securities