Company: LTRYW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024882
Chunk: 139

Company: Lottery.com Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 139
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 the trading price of the Company stock at the execution of this Agreement or the Closing Date.
At Closing, in the event that the Company elects to make a Payment-In-Kind for any portion of the Purchase Price, the Company shall cause
to be issued to Seller the equivalent in restricted stock units of common shares in Lottery.com to be applied towards the Purchase Price.
Seller shall receive the Payment-In-Kind within three business days following the Closing Date. Any Payment-In-Kind made as
part of the consideration to satisfy any portion of the Purchase Price shall carry full piggyback registrations rights for the benefit
of Seller.

In
the event the closing price of the restricted stock units of common shares in the Company to be issued to Seller as Payment-In-Kind at
Closing is lower than the Fixed Price at the close of trading on April 30, 2026 (the “Reprice Date”), then the Fixed Price
will be adjusted downward to the VWAP of the common stock for the five (5) consecutive trading days immediately preceding the Reprice
Date (the “Market Price”). Accordingly, Buyer will be obligated to tender Seller additional restricted stock units of common
shares in the Company to true up the difference between the Fixed Price and the Market Price (the “True-Up”).

At
Closing, Seller will grant to Buyer the right to purchase the balance of the issued and outstanding shares of common stock of DVI held
by Seller in excess of the Subject Shares as follows (the “Option”): (i) Ten Thousand (10,000) shares for One Million
Dollars ($1,000,000.00) cash by not later than December 31, 2025; (ii) Fifteen Thousand (15,000) shares for One Million Five Hundred
Thousand Dollars ($1,500,000.00) cash by not later than May 31, 2026; (iii) Five Thousand (5,000) shares for Five Hundred Thousand Dollars
($500,000.00) cash by not later than December 31, 2025; and (iv) Nineteen Thousand (19,000) shares for Two Million Dollars ($2,000,000.00)
in either shares or cash by not later than May 31, 2026 (the “Final Payment”). The Final Payment will be made
by Buyer in cash or stock or a combination of both at the election of Buyer; provided that the issuance price of any such shares of