Company: LTRYW
Filing Date: 2025-05-14
Form Type: S-1/A
Source: 0001641172-25-010091
Chunk: 171

Company: Lottery.com Inc.
Filing Date: 2025-05-14
Form: S-1/A
Chunk 171
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 to purchase any ordinary shares pursuant to a Put if it would result in Investor Selling Shareholder
beneficially owning in excess of 4.99% of the Company’s ordinary shares, and that the ordinary shares subject to the Put be
registered for resale.

The net proceeds under the
Stock Purchase Agreement to the Company will depend on the frequency and prices at which the Company sells ordinary shares to the
Investor Selling Shareholder. The Company expects that any proceeds received by it from such sales to Investor Selling Shareholder
will be used for working capital and general corporate purposes.

The Stock Purchase Agreement
contains customary representations, warranties, conditions and indemnification obligations of the parties. The representations, warranties
and covenants contained in such agreements were made only for purposes of such agreements and as of specific dates, were solely for the
benefit of the parties to such agreements and may be subject to limitations agreed upon by the contracting parties. The Stock Purchase
Agreement contains restrictions on the Company’s ability to enter into any Variable Rate Transaction (as defined in the Stock Purchase
Agreement).

The Company further entered
into a Registration Rights Agreement with Investor Selling Shareholder, pursuant to which the Company agreed to register for resale
ordinary shares underlying the Stock Purchase Agreement. Those shares are registered pursuant to this Prospectus.

The Stock Purchase Agreement
shall only terminate upon the following events: (i) the first day of the month following the 60-month anniversary of the Effective Date,
(ii) the date on which the Investor Selling Shareholder shall have made payment of Puts pursuant to the Stock Purchase Agreement
in the aggregate amount of the Commitment Amount, or (iii) at such time that the Registration Statement is no longer effect. The Stock
Purchase Agreement may be terminated by the Company after commencement, at the Company’s discretion; provided, however, that if
the Company sold less than $5,000,000 to Investor Selling Shareholder, Company will pay to Investor Selling Shareholder
a termination fee of $1,000,000, which is payable, at our option, in cash or in shares of common stock at a price equal to the closing
price on the day immediately preceding the date of receipt of the termination notice.

<div align='center'>PLAN OF DISTRIBUTION</div>

Selling Shareholders

The Selling Shareholders, including Generating Alpha the Investor Selling Shareholder of our primary offering, as used here includes donees, pledgees, transferees or other successors-in-interest selling shares of Common Stock or