Company: LTRYW
Filing Date: 2025-04-25
Form Type: S-1/A
Source: 0001641172-25-006093
Chunk: 129

Company: Lottery.com Inc.
Filing Date: 2025-04-25
Form: S-1/A
Chunk 129
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 November 13,
2024, the Company and Generating Alpha Ltd. (the “Investor”), entered a Stock Purchase Agreement and Common Stock Purchase
Warrant (“Stock Purchase Agreement”). The Investor has agreed to purchase from the Company up to One Hundred Million Dollars
($100,000,000) (the “Commitment Amount”) of the Company’s fully registered, freely tradable common stock (the “Common
Stock”) under certain terms and conditions. Pursuant to the terms of the Stock Purchase Agreement the Company can request a “Put”
on the purchase of its stock and the Investor has agreed to purchase the Company’s shares at ninety (90%) percent of the “Market
Price.” Market Price shall be defined as the average VWAP of the common stock twenty trading days immediately preceding the Put.
“Maximum Put Amount”The dollar amount of Common Stock sold to the Investor in each Put may not be less than
$20,000.00 and the maximum amount will equal 100% of the Average Daily Trading Volume. The Maximum Put Amount may be increased upon mutual
written consent of the Company and the Investor. Puts are further limited to Investor owning no more than 4.99% of the Common Stock at
any given time.

As per the terms
of the Stock Purchase Agreement, the Company will issue to the Investor a Commitment Fee of 512,662 shares of Common Stock and a prefunded
Common Stock Purchase Warrant for 1,906,693 shares. After drawing down half of the Commitment Amount, the Company shall issue an additional
1.5% of half of the Commitment Amount in an amount to equal shares of the Company’s common stock, not to exceed 4.99% of the Company’s
issued and outstanding. Any amount that would exceed 4.99% of the Company’s issued and outstanding shall be issued in the form
of a prefunded Common Stock Purchase Warrant. The aggregate exercise price of this Warrant was pre-funded to the Company prior to any
exercise and, consequently, no additional consideration shall be required to be paid. The Stock Purchase Agreement is attached hereto
as Exhibit 10.31. In addition, the Company has agreed to register the Investor’s shares pursuant to Exhibit A, the “Registration
Rights Agreement.” Those shares are being registered pursuant to this Prospectus.

The Company will
control the timing and amount of any sales of ordinary shares to Investor. Actual sales of our ordinary shares to Investor as a Put under
the