Company: LTRYW
Filing Date: 2025-04-22
Form Type: 10-K/A
Source: 0001641172-25-005663
Chunk: 6

Company: Lottery.com Inc.
Filing Date: 2025-04-22
Form: 10-K/A
Chunk 6
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212,500 (70,833 shares) due on or before the 31 stday following ninety days after the Third Issuance Date (the “Fourth Issuance Date”);; and (vi) a final and fifth payment of $212,500 (70,834 shares) due on or before the 31 stday following ninety days after the Fourth Issuance Date.

In the event that the closing price of the restricted stock units of
common shares of the Company to be issued to the shareholders of S&MI, Ltd. is lower than the Fixed Purchase Price on the six
(6) month anniversary of any issuance date of said shares (collectively the “Anniversary Issuance Price”), then the
Fixed Purchase Price shall be adjusted downward to the volume-weighted average price (“VWAP”) of the common stock for
the five (5) consecutive trading days immediately preceding the six (6) month anniversary date of said issuance date. Accordingly,
the Company shall be obligated to tender to the shareholders of S&MI, Ltd. Additional restricted stock units of common shares of
the Company to make up the difference between the Fixed Purchase Price and the Anniversary Issuance Price.

Sports.com

On March
7, 2024, Sports.com, a wholly owned subsidiary of the Company, announced by press release that it has launched the “Sports.com App”.
The App (which is available for download for free from all major app stores) connects sports content with audiences worldwide. By uniting
a diverse community of sports enthusiasts across various genres, demographics, and countries, Sports.com plans to eliminate multiple cultural
barriers and foster a global sports community.

On March
28, 2024, Sports.com announced by press release that it has obtained the rights to live stream the March 31, 2024 heavyweight title fight
between Frazier Clarke and Fabio Wardley. The live stream was available to view for free for millions of sports fans in Africa, via the
Sports.com website.

The live
streaming event is the result of a partnership between Sports.com, BOXXER, the fast-growing UK boxing promotional company, and Sky Sports
in the UK and Ireland. Sports.com had entered into an agreement with BOXXER to provide live coverage through the Sports.com platform in
Africa, via local telecom partners such as Vodacom, which will provide free access to millions of viewers.

This
partnership underscores Sports.com’s commitment to bringing inclusivity, innovation, and entertainment