Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 78

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 1A
Chunk 78
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 of many open-source
licenses have not been interpreted by U. S. or foreign courts, and there is a risk that these licenses could be construed in a way that
could impose unanticipated conditions or restrictions on our ability to provide or distribute our technology. From time to time, there
have been claims challenging the ownership of open-source software against companies that incorporate open-source software into their
solutions. As a result, we could be subject to lawsuits by parties claiming ownership of what we believe to be open-source software.
Moreover, we cannot assure you that our processes for controlling our use of open-source software in our technology will be effective.
If we are held to have breached or failed to fully comply with all the terms and conditions of an open source software license, we could
face infringement or other liability, or be required to seek costly licenses from third parties to continue providing our offerings on
terms that are not economically feasible, to re-engineer our technology, to discontinue or delay the provision of our offerings if re-engineering
could not be accomplished on a timely basis or to make generally available, in source code form, our proprietary code, any of which could
adversely affect our business, financial condition, and results of operations and could cause the value of our securities to decline
or become worthless.

If
we cannot license rights to use third-party technologies on reasonable terms, we may not be able to commercialize new products or services
in the future.

In
the future, we may license third-party technology to develop or commercialize new products or offer new services. In return for the use
of a third-party’s technology, we may agree to pay the licensor royalties based on sales of our products or services. Royalties
are a component of cost of revenue and affect the margins on our products. We may also need to negotiate licenses to use third-party
intellectual property. Our business may suffer if we are unable to enter into the necessary licenses on acceptable terms, or at all,
if any necessary licenses are subsequently terminated, if the licensors fail to abide by the terms of the license or fail to prevent
infringement by third parties, or if the licensed patents or other rights are found to be invalid or unenforceable.

We
rely on relationships with lottery organizations from which we acquire lottery data information for the provision of our Data Services.
Loss of existing relationships or failure to expand existing relationships may cause loss of competitive advantage or require us to modify,
limit or discontinue certain