Company: LTRYW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024882
Chunk: 48

Company: Lottery.com Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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 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 SEGG
common stock will be at the VWAP of the common stock for the five (5) consecutive trading days immediately preceding the exercise date.
At Closing, the Option will be deemed to be coupled with an interest and irrevocable, except that a portion of the Option will be revoked
automatically upon the expiration of the funding deadlines set forth above without full payment of the corresponding funding obligation
to Seller.

GXR
World Sports Platform Acquisition

On
July 29, 2025, the Company entered into an Asset Purchase Agreement (the “Agreement”) with Galaxy Racer Holdings Limited,
a BVI entity (“GXR”) As consideration for the Assets, Buyer will, at Closing pay and deliver to Seller (or its designees)
the sum of Ten Million Dollars USD ($10,000,000.00) (the “Purchase Price”) for 100% of the Assets defined as the GXR Platform
and App, the GXR tech stack, all users, and all licenses. Integration between the GXR platform and the Sports.com app will evolve the combination into Sports.com Super App. The platform will offer an all-in-one digital ecosystem built for the modern sports audience combining live
streaming; community chat hubs; stats-based social media; e-commerce; real-money and fantasy sports gaming; real time translations; and
sports news.

The
Agreement calls for the Company to pay GXR Five Million