Company: LTRYW
Filing Date: 2025-04-11
Form Type: S-1
Source: 0001641172-25-003901
Chunk: 171

Company: Lottery.com Inc.
Filing Date: 2025-04-11
Form: S-1
Chunk 171
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 Investments                 
 London Limited (“UCIL”) , under the UCIL Loan Agreement. UCIL’s business address is c/o Lottery.com Inc., 5049                           
 Edwards Ranch Rd., 4th Floor, Fort Worth, Texas 76109.                                                                                   |
| (8) | Consists                                                                                                                                 
 of (i) 208,333 shares of Common Stock upon conversion of promissory note held by Karen Ann                                               
 Johnson Revocable Trust. The Trust’s business address is c/o Lottery.com Inc., 5049                                                      
 Edwards Ranch Rd., 4th Floor, Fort Worth, Texas 76109.                                                                                   |
| (9) | Consists                                                                                                                                 
 of (i) 208,333 shares of Common Stock upon conversion of promissory note owned held by Carey                                             
 S. Fitchey, an Advisor to our CEO and (ii) 23,819 Purchase Warrant Shares. Mr. Fitchey’s                                                 
 business address is c/o Lottery.com Inc., 5049 Edwards Ranch Rd., 4th Floor, Fort Worth,                                                 
 Texas 76109                                                                                                                              |
|     | The Selling Shareholders own, in the aggregate, approximately                                                                            
 25.98% of the Common Stock outstanding prior to this offering.                                                                           |

Stock Purchase Agreement and Common Stock Purchase Warrant

On November 13, 2024, the
Company and Generating Alpha Ltd. (the “Investor”), entered a Stock Purchase Agreement and Common Stock Purchase Warrant
(“Stock Purchase Agreement”). The Investor has agreed to purchase from the Company up to One Hundred Million Dollars ($100,000,000)
(the “Commitment Amount”) of the Company’s fully registered, freely tradable common stock (the “Common Stock”)
under certain terms and conditions. Pursuant to the terms of the Stock Purchase Agreement the Company can request a “Put”
on the purchase of its stock and the Investor has agreed to purchase the Company’s shares at ninety (90%) percent of the “Market
Price.” Market Price shall be defined as the average VWAP of the common stock twenty trading days immediately preceding the Put.
“Maximum Put Amount”The dollar amount of Common Stock sold to the Investor in each Put may not be less than
$20,000.00 and the maximum amount will equal 100% of the Average Daily Trading Volume. The Maximum Put Amount may be increased upon mutual
written consent of the Company and the Investor. Puts are further limited to Investor owning no more than