Company: LTRYW
Filing Date: 2025-04-22
Form Type: 10-K/A
Source: 0001641172-25-005663
Chunk: 92

Company: Lottery.com Inc.
Filing Date: 2025-04-22
Form: 10-K/A
Chunk 92
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 such conspicuous notation). The shares of common stock, par value $0.001 per share issued after the effective date of our Charter were issued with the ownership limitation conspicuously noted on the certificate(s) representing such shares and therefore under Delaware law such newly issued shares will be subject to the transfer restriction. We have also disclosed such restrictions to persons holding our stock in uncertificated form.

We cannot assure you that the provision pertaining to the redemption right with respect to capital stock held by any stockholders who are deemed to be “disqualified” or “unsuitable” holders is enforceable under all circumstances, particularly against stockholders who did not vote in favor of the proposed provision, who do not have notice of the ownership limitations at the time they subsequently acquire their shares, or who acquire shares that were owned, at the time of the vote on the provision, by a stockholder (or stockholders) who did not vote such shares in favor of the proposed provision. Accordingly, we cannot assure you that we would be able to redeem the shares of a stockholder deemed an unsuitable person by applicable regulatory authorities.

Claims for indemnification by our directors and officers may reduce our available funds to satisfy successful third-party claims against us and may reduce the amount of money available to us.

Our Charter and our amended and restated bylaws (the “Bylaws”) provide that we will indemnify our directors and officers, in each case to the fullest extent permitted by Delaware law. In addition, as permitted by Section 145 of the Delaware General Corporation Law (the “DGCL”), our Charter, Bylaws and our indemnification agreements that we have entered into with our directors and officers provide that:

| ● | To                                                                                                                                       
 the fullest extent permitted under the DGCL, our directors will not be personally liable to the Company or its stockholders for monetary 
 damages for breach of fiduciary duty as a director.                                                                                      |

| 49 |

| ● | We                                                                                                                                      
 will indemnify our directors and officers for serving us in those capacities or for serving other business entities at our request,     
 to the fullest extent permitted by the DGCL. The DGCL provides that a corporation may indemnify such person if such person acted        
 in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the corporation and,     
 with respect to any criminal action or proceeding, had no reasonable cause to believe such person’s conduct was unlawful.               |
| ● | We                                                                                                                                      
 may, in our discretion, indemn