Company: LTRYW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024882
Chunk: 138

Company: Lottery.com Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 138
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 purchase up to 51%
of Veloce’s issued and outstanding shares. The Call Option expires October 31, 2025. The Company will be granted control of
the Veloce Board of Directors upon successful completion of both the Subscription Agreement and Call Option Agreement wherein the
Company gains 51% ownership of Veloce’s issued and outstanding shares. Payments to the Veloce shareholders under the Call
Option Agreement can be made in cash or in shares of the Company’s common stock or a combination of the two.

     F-25 

Super
League Kerala (“SLK”) Partnership

On
July 17, 2025, the Company announced its first official football league partnership in the Indian subcontinent through a five-year commercial
agreement with the Super League Kerala (“SLK”), valued at more than $11.6 million. The agreement establishes SEGG Media and
Sports.com as the exclusive global commercial and broadcast partner for SLK.

The partnership will allow
SEGG Media to deliver a free and paid subscription model through the Sports.com super app, enabling
fans to engage with SLK matches in multiple languages, backed by real-time stats, fantasy integration, and on-demand replays. The deal
also includes commercial inventory for local and global sponsors, creating a scalable paid advertising
engine tied to viewership growth.

DotCom
Ventures Inc. Acquisition

One
July 22, 2025, the Company entered into a Share Purchase and Sale Agreement (the “Agreement”) with DotCom Ventures Inc. (“DVI”)
which outlined the intent of the Company to purchase the entire issued share capital and assets including the domain names concerts.com
and ticketstub.com from DVI.

The
Agreement calls for the Company to pay DVI Five Million Dollars ($5,000,000) as consideration for Majority Interest (51%). The parties mutually agree that at Closing, the Company shall have the option at its sole discretion to pay DVI the Purchase Price as follows:
(i) in cash; (ii) as Payment-In-Kind (as defined below) equivalent to the Purchase Price; or (iii) a combination of cash and Payment-In-Kind
(as defined below) equivalent to the Purchase Price. The term “Payment-In-Kind shall be defined as restricted stock units of common
shares of the Company to be applied towards the Purchase Price at a fixed price of Three Dollar USD ($3.00) per share (the
“Fixed Price”) irrespective of