Company: LTRYW
Filing Date: 2025-05-21
Form Type: 10-Q
Source: 0001641172-25-011865
Chunk: 33

Company: Lottery.com Inc.
Filing Date: 2025-05-21
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 approximately $2.314 million. The Company made three payments totaling $137,500 in the fourth quarter of
2023 and additional payments totaling $125,000 on May 5, 2025 and anticipates the transaction closing in the second quarter of 2025 or
as otherwise agreed by the parties. Nook is known for its innovative approach to co-working in Dubai and has procured 200 licenses for
individuals and companies in the sports, health and wellness sector seeking access to Dubai and the broader Middle Eastern market. With
its exclusive partnership with the Dubai Multi-Commodities Centre Free Zone (DMCC), Nook offers a wide range of services, including business
setup support, insurance, VAT registration, and networking opportunities for like-minded sports entrepreneurs. As part of the acquisition,
Nook will be rebranded under the Sports. com umbrella.

On
May 02, 2025, Sports. com and Lottery. com entered into a Sponsorship Agreement (the “ Sponsorship”) with Sebastain Murray (“ Murray”)
the Scottish-born racing driver based in Dubai competing in the INDY NXT by Firestone series driving for the Andretti Cape Team. The
Andretti Cape Team is part of Andretti Global and TWG Motorsports, led by Dan Towriss. The Sponsorship will be for the thirteen (13)
remaining races in the 2025 season and includes: Vehicle branding (Lottery. com (rear wing), Sports. com (front wing)); branded driver
overalls; co-branded Novara Cables assets; media rights for promotional use and social media activations (20 tagged posts); production
rights to the content series: ‘ Rookie Road’; monthly interviews; hospitality package including Best Endeavors for six passes
per race; and Grid Walk access at three races. In consideration for this Sponsorship the Company shall pay fifty thousand U. S. dollars
($50,000) in cash paid in three tranches between now and the end of the season and fifty thousand U. S. dollars ($50,000) in Company common
stock valued at three U. S. dollars ($3.00) per share or approximately 16,666 shares. The shares are to be restricted until the end of
the 2025 Indy NXT Season. The Sponsorship does include a “ Top-off” guarantee to ensure a minimum of fifty thousand U. S. dollars
($50,000) value when the restriction is lifted.

On
May