Document:

Exhibit 10.5

 

[COMPANY LETTERHEAD]

 

February 21, 2021

 

Ryan Dickinson

 

By E-mail

 

Re: Employment Agreement

 

Dear Mr. Dickinson:

 

Pursuant to that certain Business Combination
Agreement (the “BCA”), dated February 21, 2021, by and among Trident Acquisitions Corp., a Delaware corporation (“Trident”),
Trident Merger Sub II Corp., a Delaware corporation and a wholly-owned subsidiary of Trident (“Merger Sub”), and AutoLotto,
Inc., a Delaware corporation (“AutoLotto”), Merger Sub intends to merge with and into AutoLotto with AutoLotto surviving
the merger on the Closing Date (as such term is in defined the BCA). AutoLotto desires to have you employed by AutoLotto and any publicly-traded
parent entity of the Company, to the extent applicable (such parent and AutoLotto, collectively are referred to as the “Company”),
to be effective as of the first business day immediately following the Closing Date (the “Start Date”).

 

In consideration of the mutual covenants
and agreements set forth in this employment letter agreement (this “Agreement”) and for good and valuable consideration,
the receipt of which is hereby acknowledged, you and the Company (each individually a “party” and collectively the
“parties”), each intending to be legally bound hereby, agree as follows:

 

		1.	Title; Function; Duties: You will serve as the President and Chief Operating
Officer of the Company (the Company and its subsidiaries and controlled affiliates are collectively referred to herein as the “Company
Group”), and you shall report to the Board of Directors of the Company (the “Board”). You shall have the
duties and responsibilities commensurate with your position and any other duties and responsibilities as may from time to time be reasonably
assigned to you by the Board.

 

You shall serve the Company Group
faithfully and to the best of your ability and shall devote your full time, energy, experience and talents to the business of the Company
Group; provided, that you may manage your personal investments or to engage in or serve such civic, community, charitable, educational,
or religious organizations as you may select, so long as such service does not create a conflict of interest with, or interfere with the
performance of, your duties hereunder or conflict with any of your other obligations to the Company Group.

 

		2.	Term of Employment: Your term of employment with the Company hereunder commences
on the Start Date and will continue until the fifth (5th) anniversary of the Start Date (the “Initial
Term”), unless your employment ceases as provided in Section 4. The term of your employment will extend automatically thereafter
from year to year, unless your employment ceases as provided in Section 4 (any extension beyond the Initial Term is referred to herein
as a “Renewal Term,” and, collectively, the Initial Term and any Renewal Terms, are referred to herein as the “Employment
Term”).

 

		3.	Compensation; Expenses:

 

a. Base
Salary. During the Employment Term, you will receive a base salary at the rate of $500,000 per year (such amount, subject to
upward adjustment by the Company from time to time, the “Base Salary”), payable in accordance with the
Company’s regular payroll practices. Your position is classified as exempt and, therefore, you are not eligible to receive
payment for overtime.

 

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b. Annual
Bonus. You will be eligible to receive, on an annual basis, a performance-based bonus payment up to 50% of your Base Salary (pro-rated
for any partial calendar years of employment) as determined by the Board in its sole discretion (the “Annual Bonus”).
Payment of such Annual Bonus will be contingent on your continued employment on the payment date of such Annual Bonus, except as otherwise
provided in Section 4.

 

c. Business
Expenses. You will be reimbursed for reasonable business expenses actually incurred by you in connection with your employment in accordance
with the Company’s expense reimbursement policies (including the requirement to provide appropriate documentation of such expenses),
as in effect from time to time.

 

d. Paid
Time Off. You will be eligible for paid time off days subject to and in accordance with the Company’s paid time off policies
as in effect from time to time.

 

e. Benefits.
You may continue to participate in benefit plans offered by the Company, from time to time, including a group health insurance plan, subject
to the terms and conditions of the applicable plan documents (including any eligibility and vesting requirements).

 

		4.	Termination/Resignation of Employment:

 

a. Your
employment hereunder may be terminated at any time (i) by you for any reason upon sixty (60) days’ written notice, (ii) by the Company
without Cause or as a result of your Disability, (iii) by you for Good Reason, (iv) by the Company for Cause or (v) without any action
by either party, immediately upon your death. With respect to the notice period pursuant to clause (i) of the immediately preceding sentence,
the Company may in its sole discretion (i) place you on a paid, non-working, garden leave during some or all of such notice period (and,
for the avoidance of doubt, relieve you of your title and duties during such period), and/or (ii) waive such notice, in whole or in part,
by accelerating your termination date and paying your Base Salary in lieu of the portion of the notice period waived by the Company and
without affecting the voluntary nature of your termination.

 

b. If
your employment is terminated for any reason, you shall receive (i) payment of any accrued but unpaid Base Salary through the last day
of your employment, (ii) payment for any accrued but unused paid time off days, (iii) any vested employee benefits covered by the Employee
Retirement Income Security Act of 1974, as amended, to which you are entitled upon termination of your employment with the Company in
accordance with the terms and conditions of the applicable plans of the Company, as applicable, and (iv) reimbursement for any unreimbursed
business expenses incurred by you on or prior to your last date of employment with the Company pursuant to Section 3. The Company shall
have no further obligations to you pursuant to this Agreement or otherwise in connection with the termination of your employment, other
than as expressly set forth in this Section 4 or as required by law. You acknowledge and agree that, except as specifically described
in this Section 4 or as otherwise required by law, all of your rights to any compensation, benefits, bonuses or severance from the Company
Group will cease upon termination of your employment and that you will have no further rights to any payments or benefits pursuant to
this Agreement or otherwise in connection with the termination of your employment.

 

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c. Subject to
your execution of a separation and general release agreement in a form mutually satisfactory to you and the Company and such agreement
becoming fully irrevocable within sixty (60) days following the last date of your employment with the Company (the “Release
Execution Period”), if the Company terminates your employment hereunder without Cause at
any time prior to the expiration of the Employment Term or you resign for Good Reason, the Company shall provide to you a lump sum severance
payment in an amount equal to (x) if such termination occurs during the Initial Term, (1) your then-current Base Salary for the greater
of (A) twelve (12) months and (B) the number of days from the last day of your employment through the last day of the Initial Term, (2)
your Annual Bonus for any performance year prior to the year during which your termination occurs, to the extent not paid, and (3) your
target Annual Bonus for the performance year during which your termination occurs, and (y) if such termination occurs during any Renewal
Term, (1) your then-current Base Salary for twelve (12) months, (2) your Annual Bonus for any performance year prior to the year during
which your termination of employment occurs, to the extent not paid, and (3) your target Annual Bonus for the performance year during
which your termination occurs with. Notwithstanding anything to the contrary in any applicable equity or equity-based incentive plan
or award agreement, to the extent you have any unvested equity or equity-based awards in any member of the Company Group, such equity
and equity-based awards, as applicable, shall be deemed fully-vested (and to the extent applicable with respect to such equity or equity-based
awards, any target performance conditions, shall be deemed fully satisfied). The payments pursuant to the preceding two sentences of
this Section 4.c. (collectively, the “Severance Payments”) shall be made
on the first administratively practicable payroll date on or next following the date such separation and general release agreement becomes
fully irrevocable; provided, that to the extent the Company determines that such amount
may be considered to be “nonqualified deferred compensation” subject to Section 409A of the Internal Revenue Code of 1986,
as amended, and the regulations and pronouncements thereunder ( “Section 409A”),
the payment of such amount shall be made on the first payroll date on or next following the 65th day following the date of such termination;
provided, further, that if the Release
Execution Period begins in one taxable year and ends in another taxable year, payment shall not be made until the beginning of the second
taxable year.

 

d. If
your employment is terminated by the Company as a result of your death or Disability, you shall receive the Severance Payments.

 

e. For
purposes of this Agreement, “Cause” means: (i) your commission of fraud, embezzlement or material misappropriation of funds,
property or business opportunity of the Company Group; (ii) conviction of, or plea of nolo contendere (or a similar plea) to, or
your failure to contest your prosecution for, or commission of any act which is, a felony (or its equivalent in any non-U.S. jurisdiction)
or any misdemeanor involving moral turpitude; (iii) your breach of fiduciary duty, conflict of interest or self-dealing, gross negligence,
willful misconduct or willful insubordination in the course of your employment, which results, in each case, in material harm to the business
or reputation of the Company; or (iv) your violation of policies or procedures of the Company Group which is detrimental to the business,
reputation, character or standing of the Company Group; provided, that to the extent such event may be remedied, the Company has
notified you of such event in writing and you have not remedied the alleged violation(s) within ten (10) business days following his receipt
of such notice

 

f. For
purposes of this Agreement, “Disability” means a condition entitling you to benefits under any Company long term disability
plan; provided, that if no such plan is then maintained by the Company, “Disability” shall mean your inability
to perform, even with reasonable accommodation (to the extent required by applicable law), your duties under this Agreement due to a mental
or physical condition that can be expected to result in death or that can be expected to last (or has already lasted) for a continuous
period of ninety (90) days or more, or for an aggregate of 120 days in any 365 consecutive day period, as determined by the Company in
its good faith discretion.

 

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g. For
purposes of this Agreement, “Good Reason” means the occurrence, without your consent, of: (i) a material reduction in your
Base Salary; (ii) a material diminution in your authority, duties or responsibilities with the Company; or (iii) a material breach of
this Agreement by the Company. None of the events described in the immediately preceding sentence shall constitute Good Reason unless
and until (v) you determine that a Good Reason condition has occurred, (w) you first notify the Company in writing describing the condition
which constitutes Good Reason within ninety (90) days of its initial occurrence, (x) the Company fails to cure such condition within thirty
(30) days after the Company’s receipt of such written notice, and you have cooperated in good faith with the Company’s efforts
to cure such condition, (y) notwithstanding such efforts, the Good Reason condition continues to exist, and (z) you terminate your employment
within one (1) year after the end of such thirty (30)-day cure period. If the Company cures the Good Reason condition during such cure
period, Good Reason shall be deemed not to have occurred.

 

		5.	Confidential Information: During the Employment Term
and as a result of your employment, you will have access to or become familiar with information of a confidential or proprietary nature
that pertains to the business operations of the Company Group and that is not publicly-available or known to its and their respective
competitors. Such information includes, but is not limited to, (i) information relating to any member of the Company Group’s business,
operations, customers, clients, suppliers and vendors, including, but not limited to, information received from third parties under confidential
conditions, business plans, compensation data, customer lists, customer preferences, customer files, products and services offered or
in development, strategic direction, marketing strategies and plans, software, designs (such as database design), executable code, new
materials research, pending projects and proposals, proprietary production processes, research and development strategies, source code,
technological data, technological prototypes, various business data of any member of the Company Group and clients, procedures, formulas,
processes, financial data and results of operations; and (ii) other know-how, ideas, concepts, trade secrets, and methodologies and technical,
business, or financial information relating to the business of any member of the Company Group (collectively, “Confidential
Information”). You acknowledge that the Confidential Information is, among other things, not readily available to the public,
extremely valuable to the Company Group’s operations, and the Company Group has expended great effort and significant funds in
developing, and maintaining the confidentiality of, the Confidential Information. Without limiting any other confidentiality obligations
you may owe to the Company Group, you agree not to disclose any Confidential Information, directly or indirectly, or use it in any way,
either during the Employment Term or any time thereafter, except (a) as required in the course of your employment for the Company, (b)
for information that is or becomes publicly-available other than through your breach of any confidentiality obligations (unless such
information became public as a result of a violation of any other person or entity’s confidentiality obligations) or (c) as required
by legal process (provided, that in the event of legal process, you must provide prompt notice to the Company prior to responding
to such legal process and cooperate with the Company or its subsidiaries or affiliates if either elects to contest such legal process).
You further agree not to copy or record or allow to be copied or recorded any such Confidential Information, except as required in the
course of your employment. Notwithstanding the foregoing, neither this Section 5 nor Section 9 of this Agreement prohibits you from reporting
possible unlawful conduct to governmental agencies or entities or, if applicable, self-regulatory organizations, or otherwise cooperating
or communicating with any such agencies, entities or organizations that may be investigating possible unlawful conduct (including providing
documents or other information without notice to the Company Group).

 

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Notice under the Defend Trade Secrets Act:

 

In addition, pursuant to the
federal Defend Trade Secrets Act of 2016, you shall not be held civilly or criminally liable under any federal or state trade secret
law for the disclosure of a trade secret that (a) is made in confidence to a federal, state or local governmental official, either
directly or indirectly, or to an attorney, and solely for the purpose of reporting or investigating a suspected violation of law;
or

 

(b) is
made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.

 

		6.	Return of Property: You agree to deliver promptly to the Company upon the termination
of your employment for any reason or at any time upon the Company’s request all documents, materials and computer media in any form
(and all copies thereof) belonging to any member of the Company Group or containing Confidential Information and all property of any member
of the Company Group.

 

		7.	Non-Competition: During the Employment Term and for twelve (12) months following the termination
of your employment for any reason, you shall not (and shall cause your controlled affiliates not to) directly or indirectly (including
through their respective controlled affiliates or otherwise, including as a proprietor, principal, consultant, agent, partner, officer,
manager, director, equityholder, employee or other representative), either for you or for any other person or entity, anywhere within
the United States or any other jurisdiction or marketing area in which the Company Group is doing business, (a) engage in for your own
benefit or for the benefit of any third party a Competing Business, (b) otherwise own, manage, operate, control, advise, be employed by
or provide services to (in either case, in a competitive capacity), or participate in the ownership, management, operation or control
of, or be connected in any manner with (where such connection is competitive with the business of the Company), any Competing Business
or (c) acquire (through merger, stock purchase or purchase of all or substantially all of the assets or otherwise) the ownership of, or
any equity interest in, any person or entity if the annual revenues of such person or entity from a Competing Business (or Competing Businesses)
are more than five percent (5%), individually or in the aggregate, of such person’s or entity’s total consolidated annual
sales (based on the most recent full fiscal year revenues of such person or entity). Notwithstanding the foregoing, ownership as a passive
investment, of less than two percent (2%) of the outstanding shares of capital stock of any corporation whose stock is listed on a national
(or comparable international) securities exchange or of limited partnership or similar interests in any private equity, venture capital
or hedge fund will not constitute a breach of this Section 7. For purposes of this Agreement, “Business” shall mean
the business engaged in by any member of the Company Group during your employment with the Company. For purposes of this Agreement, “Competing
Business” shall mean any person or entity, business, or subdivision of a business engaged in business in competition with the
Business, or, to your actual knowledge, any such persons or entities who or which are actively pursuing or otherwise planning to engage
in competition with the Business.

 

		8.	Non-Solicitation: During the Employment Term and for
twelve (12) months following the termination of your employment for any reason, you shall not (a) persuade or seek to persuade any business
relation of the Company Group to cease to do business or to reduce the amount of business it has done or may contemplate doing with the
Company Group; (b) solicit, encourage or attempt to solicit or encourage any of the employees, agents, consultants or representatives
of the Company Group (or, if following the termination of your employment with the Company, then instead is such an employee, agent,
consultant or representative as of your last day of employment or was during the prior twelve (12)-month period) to terminate his or
her relationship with the Company Group, or otherwise seek to adversely influence or alter such person’s relationship with the
Company Group, or become employees, agents, representatives or consultants of any other person; or (c) directly or indirectly, use confidential
information to enter into, or solicit or otherwise endeavor to enter into, any business relationship with any person with whom the Company
Group had a significant business relationship or with whom the Company Group is actively pursuing, or during the prior twelve (12)-month
period have actively pursued, such a significant business relationship; provided, that the foregoing shall not apply to (i) solicitation
through the use of general solicitation or advertising not targeted to such persons or (ii) solicitation through the use of search firms,
so long as such firms are not advised by you to solicit or otherwise target such persons.

 

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		9.	Non-Disparagement: During the Employment Term and thereafter, you agree not to, and to cause your
controlled affiliates not to, make or publish any derogatory or disparaging written, oral, or electronic statements about (a) any member
of the Company Group or any of its or their predecessors, members, direct or indirect equityholders and the present and former employees,
consultants, officers, partners, directors or the attorneys or other representatives of the foregoing, individually and in their official
capacities, or (b) any products, services, practices or operations of any member of the Company Group. Nothing in this Section 9 shall
prohibit or restrict you from (i) making or publishing any such statements you or your controlled affiliate, as applicable, reasonably
believe in good faith to be necessary in responding to or initiating a bona fide legal claim involving you or your controlled affiliate,
as applicable, and is otherwise not prohibited by the terms of this Agreement, or (ii) answering truthfully if compelled to do so in a
deposition, lawsuit or similar dispute resolution proceeding.

 

		10.	Intellectual Property:

 

a. You
agree to promptly disclose to the Company any and all work product, inventions, works of authorship, designs, methods, processes, procedures,
discoveries, analyses, data collections, technology, patterns, techniques, and proposed slogans, logos, domain names and other indicia
of origin that are created, authored, invented, reduced to practice, discovered, learned or developed by you (either solely or jointly
with others) during the Employment Term (collectively, “Company Work Product”).

 

b. You
acknowledge and agree that the following shall be the exclusive, sole and absolute property of the Company and/or any other member of
the Company Group, as applicable: all rights to patents, copyrights, trademarks, trade secrets, rights of inventorship, rights of authorship,
or other intellectual property rights (“Intellectual Property Rights”) embodied by, or subsisting in, any Company Work
Product, including (i) any and all rights to sue for past, present and future infringements or misappropriations of Company Intellectual
Property (as defined below) and any damages, payments or other proceeds arising out of such claims; and (ii) any and all rights to create
derivative works, developments, or improvements based on Company Work Product and Intellectual Property Rights that may be embodied by,
or subsisting in, such derivative works, developments or improvements; but excluding any inventions required to be excluded by Section
2870 of the California Labor Code (“Section 2870”) as set forth below (collectively, the “Company Intellectual
Property”).

 

c. All
work performed by you in creating, authoring, inventing, discovering, learning or developing Company Work Product shall be considered
“works made for hire” to the extent permitted under applicable copyright law. To the extent any copyrightable works included
in the Company Work Product does not constitute “works made for hire,” you hereby (i) assign and transfer any copyrights that
constitute Company Intellectual Property and (ii) waive any moral rights or other rights of authorship you may retain in Company Work
Product, in accordance with the assignment and other obligations set forth in this Section 10 below.

 

d. You
hereby (i) transfer and assign to the Company (and agree to transfer and assign), without any requirement of further consideration, all
right, title, and interest in, and to, Company Intellectual Property, and (ii) waive any so-called “moral rights” to the Company
Work Product, including, without limitation, the right to restrain or claim damages for any distortion, mutilation or other modification
of the Company Work Product.

 

e. You
agree, at the Company’s expense, to execute any documents and take any actions requested by any member of the Company Group at
any time, at no additional cost to such parties (whether during the Employment Term or thereafter), in the confirmation,
registration, protection and enforcement of all rights in and to the Company Intellectual Property and other Company Work Product.
You hereby irrevocably appoint Company as your attorney-in-fact for the purpose of executing such documents on your behalf, which
appointment is coupled with an interest.

 

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f. You
recognize that this Agreement is not, and does not purport to be, an assignment of any invention, the assignment of which is prohibited
under Section 2870 or any like statute of any other state. Your inventions will only be excluded from Company Intellectual Property to
the extent, and solely to the extent, Section 2870 requires such exclusion. Section 2870 provides as follows:

 

California Labor Code Section 2870

 

		(a)	Any provision in an employment agreement which provides that an employee shall assign,
or offer to assign, any of his or her rights in an invention to his or her employer shall not apply to an invention that the employee
developed entirely on his or her own time without using the employer’s equipment, supplies, facilities, or trade secret information
except for those inventions that either:

 

		i.	Relate at the time of conception or reduction to practice of the invention to the
employer’s business, or actual or demonstrably anticipated research or development of the employer; or

 

		ii.	Result from any work performed by the employee for his employer.

 

		(b)	To the extent a provision in an employment agreement purports to require an employee
to assign an invention otherwise excluded from being required to be assigned under subdivision (a), the provision is against the public
policy of this state and is unenforceable.

 

		11.	Breach; Remedies; Separate and Independent Covenants: You acknowledge that the restrictions contained
in Sections 5 through 10, in view of the competitive nature of the business in which the Company Group is engaged, are reasonable and
necessary in order to protect the legitimate interests of the Company Group, and that any violation would result in irreparable injury
to the Company Group. You therefore acknowledge and agree that, in the event of a breach or threatened breach by you of any of these Sections,
the Company Group shall be entitled to obtain from any court of competent jurisdiction preliminary and permanent injunctive relief (without
proving actual damages or posting a bond or other security), as well as damages and an equitable accounting of all earnings, profits and
other benefits arising from such violation, which rights shall be cumulative and in addition to any other rights or remedies to which
the Company Group may be entitled. You also acknowledge and agree that each of the restrictions to which you are subject in this Agreement
and each of the covenants made by you in this Agreement shall be construed for all purposes to be separate and independent from any other
covenant, whether in this Agreement or otherwise, and the existence of any claim by you against any member of the Company Group under
this Agreement or otherwise, will not excuse your breach of any of the restrictions or covenants contained in this Agreement.

 

		12.	Policies: You will be subject to all policies and procedures as currently in effect for the Company’s
employees and as may be established and/or amended from time to time, including but not limited to, all terms and conditions in any employee
handbook applicable to the Company’s employees.

 

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		13.	Indemnification; D&O Insurance: During the Employment Term and thereafter,
the Company will (a) indemnify you and hold you and your heirs and representatives harmless, to the maximum extent permitted by law, against
any and all damages, costs, liabilities, losses and expenses (including reasonable attorneys’ fees) as a result of any claim or
proceeding (whether civil, criminal, administrative or investigative), or any threatened claim or proceeding (whether civil, criminal,
administrative or investigative), against you that arises out of or relates to your service as an officer, director or employee, as the
case may be, of or with any member of the Company Group, or your service in any such capacity or similar capacity with any entity at the
request of the Board or the Company (b) continue and maintain directors and officers liability insurance covering you in an amount and
scope to the fullest extent provided by such insurance policies that is at least as favorable as the coverage provided by the Company
to any senior executive of the Company or under its governance documents as of the Closing Date (and without giving effect to any amendments
thereto that would diminish or limit such obligations).

 

		14.	Survival: The obligations and rights set forth in Sections 5 through 21 of
this Agreement shall survive the expiration or termination of this Agreement and your employment hereunder for any reason whatsoever.

 

		15.	Section 409A: The intent of the parties is that payments and benefits under this Agreement comply
with or be exempt from Section 409A, as amended, and this Agreement and any associated documents shall be interpreted and construed in
a manner that establishes an exemption from (or compliance with) the requirements of Section 409A. Notwithstanding anything to the contrary
set forth in this Agreement, any payments and benefits provided under this Agreement that constitute “deferred compensation”
within the meaning of Section 409A shall not commence in connection with your termination of employment unless and until you have also
incurred a “separation from service” (as defined for purposes of Section 409A). The Company makes no representation or warranty
and shall have no liability to you or any other person pursuant to Section 409A, including if any provisions of this Agreement are determined
to constitute deferred compensation subject to Section 409A but do not satisfy an exemption from, or the conditions of, Section 409A.

 

		16.	Governing Law; Exclusive Jurisdiction; Severability.
This Agreement is governed by and construed in accordance with the laws of the State of Delaware, without regard to its conflicts of
laws principles. The Company and you hereby irrevocably and unconditionally agree that the exclusive jurisdiction for any disputes arising
out of or relating to this Agreement or your employment with the Company shall be the state and federal courts located within the State
of California (provided, that an order or judgment of such court may be entered or enforced in any court having personal jurisdiction
over the party against whom the order or judgment is sought to be enforced); provided, however, that upon the relocation
of the Company’s corporate headquarters to the State of Texas, the exclusive jurisdiction for any disputes arising out of or relating
to this Agreement or your employment with the Company shall be the state and federal courts located within the State of Texas (provided,
that an order or judgment of such court may be entered or enforced in any court having personal jurisdiction over the party against whom
the order or judgment is sought to be enforced). Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted
by law, any objection which it may now or hereafter have to the venue of any suit, action or proceeding brought in such a court and any
claim that any such suit, action or proceeding brought in such a court has been brought in an inconvenient forum. Each of the parties
hereto hereby irrevocably consents to the service of process in any suit, action or proceeding by sending the same by certified mail,
return receipt requested, or by recognized overnight courier service, to the address of such party as follows (a) to the Company at 20808
State Hwy 71 W Unit B, Spicewood, TX 787669; Attention: Lawrence Anthony DiMatteo, (b) to you at the address maintained by the Company
in the regular course of its business for payroll purposes, or, in either case, such other address as shall be furnished in writing by
either party to the other party; provided, that such notice or change in address shall be effective only when received by the
other party. If any provision of this Agreement is determined by a court of competent jurisdiction not to be enforceable in the manner
set forth herein, the Company and you agree that such provision shall be modified to make it enforceable to the maximum extent possible
under applicable law. If any provision of this Agreement is declared invalid, illegal or unenforceable for any reason in any jurisdiction
and cannot be modified to be enforceable, such provision shall immediately become null and void leaving the remainder of this Agreement
in full force and effect.

 

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		17.	Successors and Assigns. This Agreement shall bind and inure to the benefit
of and be enforceable by the Company (and other members of the Company Group) and its (and their respective) successors and assigns and
you and your heirs, executors, administrators, and successors; provided, that the services provided by you are of a personal nature
and you cannot sell, convey, assign, delegate, transfer or otherwise dispose of, directly or indirectly, any of your rights, or obligations
under this Agreement (and any such purported action by you shall be null and void); provided, further, that the Company
may assign this Agreement to, and all rights hereunder shall inure to the benefit of, the other members of the Company Group or any person,
firm or corporation resulting from the reorganization of the Company or any other member of the Company Group or succeeding to the business
or assets of the Company or any other member of the Company Group by purchase, merger, consolidation or otherwise.

 

		18.	Entire Agreement; No Reliance; No Modification: You acknowledge that you have
not relied on any oral or written promises or representations other than those explicitly stated in this Agreement, that this Agreement
(and the documents referenced herein) constitutes the entire understanding of the parties regarding the subject matter hereof, and that
this Agreement supersedes all prior or contemporaneous oral or written promises, representations or understandings which may have related
to the subject matter hereof in any way. This Agreement cannot be modified except in a writing (other than an email) signed by the Company
and approved by the Board.

 

		19.	Tax Withholdings: All payments and benefits provided hereunder shall be subject to the withholding
of all applicable taxes and deductions required by any applicable law

 

		20.	Counterparts; Original: This Agreement may be executed in counterparts, each
of which will be deemed an original, but all of which will be deemed one and the same instrument. Any facsimile or pdf copy of any party’s
executed counterpart of this Agreement will be deemed to be an executed original thereof.

 

		21.	Representation by Counsel; No Strict Construction. YOU ACKNOWLEDGE THAT YOU HAVE BEEN REPRESENTED BY INDEPENDENT
                                                            COUNSEL OF YOUR CHOICE WITH RESPECT TO THIS AGREEMENT, INCLUDING THROUGHOUT ALL NEGOTIATIONS THAT HAVE PRECEDED THE EXECUTION OF
                                                            THIS AGREEMENT (INCLUDING WITH RESPECT TO THE DESIGNATION OF THE VENUE AND FORUM IN WHICH A CONTROVERSY ARISING FROM THIS AGREEMENT
                                                            MAY BE ADJUDICATED AND THE CHOICE OF LAW TO BE APPLIED PURSUANT TO SECTION 16 OF THIS AGREEMENT) AND THAT YOU HAVE EXECUTED THE SAME
                                                            WITH CONSENT AND UPON THE ADVICE OF SAID INDEPENDENT COUNSEL. The parties hereto have participated jointly in the negotiation
                                                            and drafting of this Agreement. In the event an ambiguity or question of intent arises, this Agreement shall be construed as if
                                                            drafted jointly by the parties hereto, and no presumption or burden of proof shall arise, or rule of strict construction applied,
                                                            favoring or disfavoring any party hereto by virtue of the authorship of any of the provisions of this Agreement. Accordingly, any
                                                            rule of law or any legal decision that would require interpretation of any ambiguities in this Agreement against the party hereto
                                                            that drafted this Agreement is of no application and is hereby expressly waived by the parties hereto. Your employment (and
                                                            continued employment) is contingent upon your maintaining authorization to be employed in the United States commensurate with the
                                                            business needs of the Company.

 

[SIGNATURE PAGE FOLLOWS]

 

    9

     

    

 

If the terms and conditions of this Agreement are acceptable to you,
please sign and date this Agreement below and return the signed original to me.

 

Sincerely,

 

AutoLotto, Inc.

 

	By:	/s/ Lawrence Anthony DiMatteo III	 
	Name: 	Lawrence Anthony DiMatteo III	 
	Title:	Co-Founder and Chief Executive Officer	 

 

AGREED TO AND ACCEPTED:

 

	/s/ Ryan Dickinson	 
	Ryan Dickinson	 
	 	 	 
	Date:	February
21, 2021	 

 

[Signature Page to Dickinson Employment Letter]Exhibit 10.6

 

INDEMNITY AGREEMENT

 

THIS INDEMNITY AGREEMENT (this “Agreement”)
is made as of October 29, 2021, by and between Lottery.com Inc., a Delaware corporation (the “Company”), and
[●] (“Indemnitee”).

 

RECITALS

 

		A.	The Company believes that, in order to attract and retain highly qualified persons to serve as directors
or in other capacities, including as officers, it must provide such persons with adequate protection through indemnification against the
risk of claims and actions against them arising out of their services to and activities on behalf of the Company;

 

		B.	The Certificate of Incorporation (as amended and/or restated from time to time, the “Charter”)
and the Bylaws (as amended and/or restated from time to time, the “Bylaws”) of the Company require indemnification
of the officers and directors of the Company;

 

		C.	Indemnitee may also be entitled to indemnification pursuant to applicable provisions of the Delaware General
Corporation Law (as may be amended from time to time, “DGCL”);

 

		D.	The Charter, Bylaws and the DGCL expressly provide that the indemnification provisions set forth therein
are not exclusive, and thereby contemplate that contracts may be entered into between the Company and members of the Board of Directors
of the Company (the “Board”), officers and other persons with respect to indemnification, hold harmless, advancement
and reimbursement rights;

 

		E.	The Company desires and has requested Indemnitee to serve as a [director][officer] of the Company and,
in order to induce Indemnitee to serve as a [director][officer] of the Company, the Company is willing to grant Indemnitee the indemnification
provided for herein;

 

		F.	Indemnitee is willing to so serve on the basis that such indemnification be provided; and

 

		G.	The parties by this Agreement desire to set forth their agreement
regarding indemnification and the advancement of expenses.

 

NOW, THEREFORE, in consideration of the mutual
covenants and agreements set forth below, and for other good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

 

TERMS AND CONDITIONS

 

1.  SERVICES TO THE COMPANY. In
consideration of the Company’s covenants and obligations hereunder, Indemnitee will serve or continue to serve as an officer, director,
advisor, key employee or in any other capacity of the Company, as applicable, for so long as Indemnitee is duly elected or appointed or
retained or until Indemnitee tenders Indemnitee’s resignation or until Indemnitee is removed. Notwithstanding anything in the foregoing
to the contrary, this Agreement shall continue in full force and effect after Indemnitee has ceased to serve as a director, officer, advisor,
key employee or in any other capacity of the Company, as provided in Section 14. This Agreement, however, shall not impose any obligation
on Indemnitee or the Company to continue Indemnitee’s service to the Company beyond any period otherwise required by law or by other
agreements or commitments of the parties, if any.

 

     

     

    

 

2.  DEFINITIONS. As used in this
Agreement:

 

(a)  “agent”
shall mean any person who is or was a director, officer or employee of the Company or a subsidiary of the Company or any other person
authorized by the Company to act for the Company, including such person serving in such capacity as a director, officer, employee, fiduciary
or other official of another corporation, partnership, limited liability company, joint venture, trust or other enterprise at the request
of, for the convenience of, or to represent the interests of the Company or a subsidiary of the Company.

 

(b)  “change in
control” shall be deemed to occur upon the earliest to occur after the date of this Agreement of any of the following: (i)
any Person (as defined below) is or becomes the beneficial owner (as defined below), directly or indirectly, of securities of the Company
representing twenty percent (20%) or more of the combined voting power of the Company’s then outstanding securities; (ii) during
any period of two (2) consecutive years (not including any period prior to the execution of this Agreement), individuals who at the beginning
of such period constitute the Board of Directors of the Company, and any new director (other than a director designated by a person who
has entered into an agreement with the Company to effect a transaction described in Sections 2(b)(i), 2(b)(iii) or 2(b)(iv) or a director
whose initial nomination for, or assumption of office as, a member of the Board of Directors of the Company occurs as a result of an actual
or threatened solicitation of proxies or consents for the election or removal of one or more directors by any person or group other than
a solicitation for the election of one or more directors by or on behalf of the Board of Directors of the Company) whose election by the
Board of the Directors of the Company or nomination for election by the Company’s stockholders was approved by a vote of at least
two-thirds of the directors then still in office who either were directors at the beginning of the period or whose election or nomination
for election was previously so approved, cease for any reason to constitute at least a majority of the total number of directors constituting
the Board of Directors of the Company; (iii) the effective date of a merger or consolidation of the Company with any other entity, other
than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior to such merger
or consolidation continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving
entity (or the parent entity of such surviving entity) representing at least 50% of the combined voting power of the voting securities
of the surviving entity (or such parent entity) outstanding immediately after such merger or consolidation and with the power to elect
at least a majority of the board of directors or other governing body of such surviving entity or such parent entity; and (iv) the approval
by the stockholders of the Company of a dissolution or complete liquidation of the Company or an agreement for the sale, lease, exchange
or other disposition by the Company of all or substantially all of the assets of the Company and its subsidiaries, taken as a whole; and
(v) there occurs any other event of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation
14A (or a response to any similar item on any similar schedule or form) promulgated under the Exchange Act (as defined below), whether
or not the Company is then subject to such reporting requirement.

 

For purposes of this Section
2(b), the following terms shall have the following meanings:

 

(a)  “person”
shall have the meaning as set forth in Sections 13(d) and 14(d) of the Exchange Act; provided, however, that person shall exclude (a)
the Company, (b) any trustee or other fiduciary holding securities under an employee benefit plan of the Company, and (c) any corporation
owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of stock of
the Company.

 

(b)  “beneficial
owner” shall have the meaning given to such term in Rule 13d-3 under the Exchange Act.

 

(c)  “Corporate
Status” describes the status of a person who is or was a director, officer, trustee, general partner, manager, managing
member, fiduciary, employee or agent of the Company or of any other Enterprise (as defined below) which such person is or was serving
at the request of the Company.

 

(d)  “Delaware
Court” shall mean the Court of Chancery of the State of Delaware.

 

 (e) 
“Enterprise” shall mean the Company and any other corporation, constituent entity (including any constituent
of a constituent) absorbed in a consolidation, merger or division transaction to which the Company (or any of its wholly owned subsidiaries)
is a party, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise of which Indemnitee
is or was serving at the request of the Company as a director, officer, trustee, general partner, managing member, fiduciary, employee
or agent.

 

(f)  “Exchange
Act” shall mean the Securities Exchange Act of 1934, as amended.

 

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(g)  “Expenses”
shall be broadly construed and shall include, without limitation, all direct and indirect costs, fees and expenses of any type or nature
whatsoever, including, without limitation, all reasonable attorneys’ fees and costs, retainers, court costs, transcript costs, fees
of experts, witness fees, travel expenses, fees of private investigators and professional advisors, duplicating costs, printing and binding
costs, telephone charges, postage, delivery service fees, fax transmission charges, secretarial services and all other disbursements,
obligations or expenses in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing
to be a witness in, settlement or appeal of, or otherwise participating in, a Proceeding (as defined below), including reasonable compensation
for time spent by Indemnitee for which he or she is not otherwise compensated by the Company or any third party. Expenses also shall include
Expenses incurred in connection with any appeal resulting from any Proceeding (as defined below), including without limitation the principal,
premium, security for, and other costs relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent. “Expenses,”
however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee.

 

(h)  “fines”
shall include, without limitation, any excise tax assessed on Indemnitee with respect to any employee benefit plan or related trust or
funding mechanism (whether in the form of ERISA excise taxes or other excise taxes assessed by the United States Internal Revenue Service,
penalties assessed by the United States Department of Labor, restitutions to such a plan or trust or other funding mechanism or to a participant
or beneficiary of such plan, trust or other funding mechanism or otherwise); references to “serving at the request of the Company”
shall include any service as a director, officer, employee, agent or fiduciary of the Company which imposes duties on, or involves services
by, such director, officer, employee, agent or fiduciary with respect to an employee benefit plan, its participants or beneficiaries;
and if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in the best interests of the participants and
beneficiaries of an employee benefit plan, Indemnitee shall be deemed to have acted in a manner “not opposed to the best
interests of the Company” as referred to in this Agreement.

 

(i)  “Independent
Counsel” shall mean a law firm or a member of a law firm with significant experience in matters of corporation law and that
neither presently is, nor in the past five years has been, retained to represent: (i) the Company or Indemnitee in any matter material
to either such party (other than with respect to matters concerning Indemnitee under this Agreement, or of other indemnitees under similar
indemnification agreements); or (ii) any other party to the Proceeding (as defined below) giving rise to a claim for indemnification
hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who, under the
applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or
Indemnitee in an action to determine Indemnitee’s rights under this Agreement.

 

(j)  “Person”
shall have the meaning as set forth in Sections 13(d) and 14(d) of the Exchange Act as in effect on the date hereof; provided,
however, that “Person” shall exclude: (i) the Company; (ii) any subsidiaries (as defined below) of the Company;
(iii) any employment benefit plan of the Company or of a subsidiary (as defined below) of the Company or of any entity owned, directly
or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company; and
(iv) any trustee or other fiduciary holding securities under an employee benefit plan of the Company or of a subsidiary (as defined
below) of the Company or of an entity owned directly or indirectly by the stockholders of the Company in substantially the same proportions
as their ownership of stock of the Company.

 

(k)  “Proceeding”
shall include any threatened, pending or completed action, suit, arbitration, mediation, alternate dispute resolution mechanism, investigation,
inquiry, administrative hearing or any other actual, threatened or completed proceeding, whether brought by or in the right of the Company
or otherwise and whether of a civil (including intentional or unintentional tort claims), criminal, administrative or investigative or
related nature, in which Indemnitee was, is, will or might be involved as a party or as a participant (including as a witness, deponent
or otherwise) by reason of the fact that Indemnitee is or was a director or officer of the Company, by reason of any action (or failure
to act) taken by Indemnitee or of any action (or failure to act) on Indemnitee’s part while acting as a director or officer of the
Company, or by reason of the fact that Indemnitee is or was serving at the request of the Company as a director, officer, trustee, general
partner, managing member, fiduciary, employee or agent of any other Enterprise, in each case whether or not serving in such capacity at
the time any liability or expense is incurred for which indemnification, reimbursement, or advancement of expenses can be provided under
this Agreement.

 

(l)  “subsidiary,”
with respect to any Person, shall mean any corporation, limited liability company, partnership, joint venture, trust or other entity of
which a majority of the voting power of the voting equity securities or equity interest is owned, directly or indirectly, by that Person.

 

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3.  INDEMNITY IN THIRD-PARTY PROCEEDINGS.
To the fullest extent permitted by applicable law, the Company shall indemnify and hold harmless Indemnitee in accordance with the provisions
of this Section 3 if Indemnitee was, is, or is threatened to be made, a party to or a participant (as a witness, deponent or otherwise)
in any Proceeding, other than a Proceeding by or in the right of the Company to procure a judgment in its favor, by reason of Indemnitee’s
Corporate Status. Pursuant to this Section 3, Indemnitee shall be indemnified and held harmless to the fullest extent permitted
by applicable law against all Expenses, judgments, liabilities, fines, penalties and amounts paid in settlement (including all interest,
assessments and other charges paid or payable in connection with or in respect of such Expenses, judgments, liabilities, fines, penalties
and amounts paid in settlement) actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with such
Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner he or she reasonably believed to be
in or not opposed to the best interests of the Company and, in the case of a criminal Proceeding, had no reasonable cause to believe that
Indemnitee’s conduct was unlawful.

 

4.  INDEMNITY IN PROCEEDINGS BY OR
IN THE RIGHT OF THE COMPANY. To the fullest extent permitted by applicable law, the Company shall indemnify and hold harmless Indemnitee
in accordance with the provisions of this Section 4 if Indemnitee was, is, or is threatened to be made, a party to or a participant
(as a witness, deponent or otherwise) in any Proceeding by or in the right of the Company to procure a judgment in its favor by reason
of Indemnitee’s Corporate Status. Pursuant to this Section 4, Indemnitee shall be indemnified and held harmless to the
fullest extent permitted by applicable law against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s
behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner Indemnitee
reasonably believed to be in or not opposed to the best interests of the Company.

 

No indemnification for Expenses
shall be made under this Section 4 in respect of any claim, issue or matter as to which Indemnitee shall have been finally adjudged
by a court to be liable to the Company, unless and only to the extent that the Delaware Court or any court in which the Proceeding was
brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee
is fairly and reasonably entitled to indemnification for such Expenses which the Delaware Court or such other court shall deem proper.

 

5.  INDEMNIFICATION FOR EXPENSES OF
A PARTY WHO IS WHOLLY OR PARTLY SUCCESSFUL. Notwithstanding any other provisions of this Agreement to the contrary, to the extent
that Indemnitee was or is, by reason of Indemnitee’s Corporate Status, a party to (or a participant in) and is successful, on the
merits or otherwise, in any Proceeding or in defense of any claim, issue or matter therein, in whole or in part, the Company shall, to
the fullest extent permitted by applicable law, indemnify and hold harmless Indemnitee against all Expenses actually and reasonably incurred
by Indemnitee in connection therewith. If Indemnitee is not wholly successful in such Proceeding but is successful, on the merits or otherwise,
as to one or more but less than all claims, issues or matters in such Proceeding, the Company shall, to the fullest extent permitted by
applicable law, indemnify and hold harmless Indemnitee against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s
behalf in connection with each successfully resolved claim, issue or matter. If Indemnitee is not wholly successful in such Proceeding,
the Company also shall, to the fullest extent permitted by applicable law, indemnify and hold harmless Indemnitee against all Expenses
reasonably incurred in connection with a claim, issue or matter related to any claim, issue, or matter on which Indemnitee was successful.
For purposes of this Section 5 and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal,
with or without prejudice, shall be deemed, to the fullest extent permitted by law, to be a successful result as to such claim, issue
or matter.

 

6.  INDEMNIFICATION FOR EXPENSES OF
A WITNESS. Notwithstanding any other provision of this Agreement to the contrary, to the extent that Indemnitee is, by reason of Indemnitee’s
Corporate Status, a witness or deponent in any Proceeding (including, without limitation, any Proceeding to which Indemnitee was or is
not a party or threatened to be made a party), Indemnitee shall, to the fullest extent permitted by applicable law, be indemnified and
held harmless against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection therewith.

 

7.  ADDITIONAL INDEMNIFICATION AND
HOLD HARMLESS RIGHTS. Notwithstanding any limitation in Sections 3, 4 or 5, the Company shall, to the fullest extent permitted
by applicable law, indemnify and hold harmless Indemnitee if Indemnitee is a party to or threatened to be made a party to any Proceeding
(including a Proceeding by or in the right of the Company to procure a judgment in its favor) against all Expenses, judgments, liabilities,
fines, penalties and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection with
or in respect of such Expenses, judgments, liabilities, fines, penalties and amounts paid in settlement) actually and reasonably incurred
by Indemnitee in connection with the Proceeding.

 

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8.  CONTRIBUTION IN THE EVENT OF JOINT
LIABILITY.

 

(a)  To the fullest extent
permissible under applicable law, if the indemnification or hold harmless rights provided for in this Agreement are unavailable to Indemnitee
in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying, holding harmless or exonerating Indemnitee, shall
pay, in the first instance, the entire amount incurred by Indemnitee, whether for judgments, liabilities, fines, penalties, amounts paid
or to be paid in settlement and/or for Expenses, in connection with any Proceeding without requiring Indemnitee to contribute to such
payment.

 

(b)  Without the prior
consent of Indemnitee, the Company shall not enter into any settlement of any Proceeding in which the Company is jointly liable with Indemnitee
(or would be if joined in such Proceeding) unless such settlement provides for a full and final release of all claims asserted against
Indemnitee without any admission of liability or other wrongdoing on the part of Indemnitee.

 

(c)  The Company hereby
agrees, to the fullest extent permissible under applicable law, to fully indemnify and hold harmless Indemnitee from any claims for contribution
which may be brought by officers, directors or employees of the Company other than Indemnitee who may be jointly liable with Indemnitee
with respect to such claim.

 

9.  EXCLUSIONS. Notwithstanding
any provision in this Agreement, the Company shall not be obligated under this Agreement to make any indemnification, advance expenses
or hold harmless payment in connection with any claim made against Indemnitee:

 

(a)  for which payment
has actually been received by or on behalf of Indemnitee under any insurance policy, contract, agreement or other indemnity or advancement
provision, except with respect to any excess beyond the amount actually received under any such insurance policy, contract, agreement,
other indemnity or advancement provision or otherwise;

 

(b)  for an accounting
of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company within the meaning of Section 16(b) of
the Exchange Act (or any successor rule) or similar provisions of state statutory law or common law; or

 

 (c)  in connection
with any Proceeding (or any part of any Proceeding) initiated by Indemnitee, including any Proceeding (or any part of any Proceeding)
initiated by Indemnitee against the Company or its directors, officers, employees or other indemnitees (including any agent), unless (i) such
indemnification is expressly required to be made by law or (ii) the Proceeding (or part thereof) was authorized in the first instance
by the Board of Directors of the Company. Indemnitee shall seek payments or advances from the Company only to the extent that such payments
or advances are unavailable from any insurance policy of the Company covering Indemnitee.

 

10.  ADVANCES OF EXPENSES; DEFENSE
OF CLAIM.

 

To the fullest extent permitted
by the DGCL, the Company shall pay the Expenses incurred by Indemnitee in connection with any Proceeding within thirty (30) days
after the receipt by the Company of a statement or statements requesting such advances from time to time, prior to the final disposition
of any Proceeding. Advances shall, to the fullest extent permitted by law, be unsecured and interest free. Advances shall, to the fullest
extent permitted by law, be made without regard to Indemnitee’s ability to repay the Expenses and without regard to Indemnitee’s
ultimate entitlement to be indemnified or held harmless under the other provisions of this Agreement. Advances shall include any and all
reasonable Expenses incurred pursuing a Proceeding to enforce this right of advancement, including Expenses incurred preparing and forwarding
statements to the Company to support the advances claimed. To the fullest extent required by applicable law, such payments of Expenses
in advance of the final disposition of the Proceeding shall be made only upon the Company’s receipt of an undertaking, by or on
behalf of Indemnitee, to repay the advanced amounts to the extent that it is ultimately determined that Indemnitee is not entitled to
be indemnified or held harmless by the Company under the provisions of this Agreement, the Charter, the Bylaws, applicable law or otherwise.
The execution and delivery by Indemnitee of this Agreement shall constitute such undertaking and no further undertaking shall be required.
The Company agrees that for the purposes of any advancement of Expenses for which Indemnitee has made a written demand in accordance with
this Agreement, all Expenses included in such demand that are certified by affidavit of Indemnitee’s counsel as being reasonable
shall be presumed conclusively to be reasonable. This Section 10(a) shall not apply to any claim made by Indemnitee for which
an indemnification or hold harmless payment is excluded pursuant to Section 9.

 

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11.  PROCEDURE FOR NOTIFICATION AND
APPLICATION FOR INDEMNIFICATION.

 

(a)  Promptly
after receipt by Indemnitee of notice of the commencement of any Proceeding, Indemnitee shall, if a claim in respect thereof is to be
made against the Company hereunder, notify the Company in writing of the commencement thereof. The failure to promptly notify the Company
of the commencement of the Proceeding, or of Indemnitee’s request for indemnification, will not relieve the Company from any liability
that it may have to Indemnitee hereunder, except to the extent the Company is actually and materially prejudiced in its defense of such
Proceeding as a result of such failure. To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written
request therefor including such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to
enable the Company to determine whether and to what extent Indemnitee is entitled to indemnification.

 

(b)  With
respect to any Proceeding of which the Company is so notified as provided in this Agreement, the Company shall, subject to the last two
sentences of this paragraph, be entitled to assume the defense of such Proceeding, with counsel reasonably acceptable to Indemnitee, upon
the delivery to Indemnitee of written notice of its election to do so. Notwithstanding anything in Section 10 of this Agreement to the
contrary, after delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the
Company will not be liable to Indemnitee under this Agreement for any fees or Expenses subsequently incurred by separate counsel engaged
by Indemnitee with respect to the same Proceeding unless the employment of separate counsel by Indemnitee has been previously authorized
in writing by the Company; provided, however, that if Indemnitee, after consultation with their counsel, shall have concluded in good
faith (with written notice of such conclusion being given to the Company) that, in the conduct of any such defense, there is or is reasonably
likely to be a conflict of interest or position between the Company and Indemnitee with respect to a significant issue, then the Company
will not be entitled, without the written consent of Indemnitee, to assume such defense. In addition, the Company will not be entitled,
without the written consent of Indemnitee, to assume the defense of any claim brought by or in the right of the Company.

 

(c)  To
the fullest extent permitted by the DGCL, the Company’s assumption of the defense of a Proceeding in accordance with Section 11(b)
will constitute an irrevocable acknowledgement by the Company that any loss and liability suffered by Indemnitee and Expenses (including
attorneys’ fees), judgments, fines and amounts paid in settlement by or for the account of Indemnitee incurred in connection therewith
are indemnifiable by the Company under this Agreement.

 

(d)  The
determination whether to grant Indemnitee’s indemnification request shall be made promptly and in any event within sixty (60) days
following the Company’s receipt of a request for indemnification in accordance with Section 11(a). If the Company determines that
Indemnitee is entitled to such indemnification or, as contemplated by paragraph 11(c) the Company has acknowledged such entitlement, the
Company will make payment to Indemnitee of the indemnifiable amount within such sixty (60) day period. If the Company is not deemed to
have so acknowledged such entitlement or the Company’s determination of whether to grant Indemnitee’s indemnification request
shall not have been made within such sixty (60) day period, the requisite determination of entitlement to indemnification shall, subject
to Section 9, nonetheless be deemed to have been made and Indemnitee shall be entitled to such indemnification, absent (i) a misstatement
by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading,
in connection with the request for indemnification, or (ii) a prohibition of such indemnification under the DGCL.

 

(e)  In
the event that (i) the Company determines that Indemnitee is not entitled to indemnification under this Agreement, (ii) the Company denies
a request for indemnification, in whole or in part, or fails to respond or make a determination of entitlement to indemnification within
sixty (60) days following receipt of a request for indemnification as described above, (iii) payment of indemnification is not made within
such sixty (60) day period, (iv) advancement of Expenses is not timely made in accordance with Section 10, or (v) the Company or any other
person takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any litigation or other Proceeding
designed to deny, or to recover from, Indemnitee the benefits provided or intended to be provided to Indemnitee hereunder, Indemnitee
shall be entitled to an adjudication in any court of competent jurisdiction of their entitlement to such indemnification or advancement
of Expenses. Indemnitee’s Expenses (including attorneys’ fees) incurred in connection with successfully establishing Indemnitee’s
right to indemnification or advancement of Expenses, in whole or in part, in any such Proceeding or otherwise shall also be indemnified
by the Company to the fullest extent permitted by the DGCL.

 

(f)  Indemnitee
shall be presumed to be entitled to indemnification under this Agreement upon submission of a request therefor in accordance with Section
11 of this Agreement. The Company shall have the burden of proof in overcoming such presumption, and such presumption shall be used as
a basis for a determination of entitlement to indemnification unless the Company overcomes such presumption by clear and convincing evidence.

 

(g)  If
there is a change in control of the Company, upon written request by Indemnitee for indemnification pursuant to Section 11(a), any determination,
if required by the DGCL, with respect to Indemnitee’s entitlement thereto shall be made by Independent Counsel selected by Indemnitee
with the consent of the Company (such consent not to be unreasonably withheld, conditioned or delayed) in a written opinion, a copy of
which shall be delivered to the Company and Indemnitee, and the Company agrees to pay the fees and expenses of the Independent Counsel.

 

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12.  SECURITY. Notwithstanding
anything herein to the contrary, to the extent requested by Indemnitee and approved by the Board, the Company may at any time and from
time to time provide security to Indemnitee for the Company’s obligations hereunder through an irrevocable bank line of credit,
funded trust or other collateral. Any such security, once provided to Indemnitee, may not be revoked or released without the prior written
consent of Indemnitee.

 

13.   NON-EXCLUSIVITY; SURVIVAL OF
RIGHTS; INSURANCE; SUBROGATION.

 

(a)   The rights of
Indemnitee as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled
under applicable law, the Charter, the Bylaws, any agreement, a vote of stockholders or a resolution of directors, or otherwise. No amendment,
alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement
in respect of any Proceeding (regardless of when such Proceeding is first threatened, commenced or completed) or claim, issue or matter
therein arising out of, or related to, any action taken or omitted by such Indemnitee in Indemnitee’s Corporate Status prior to
such amendment, alteration or repeal. To the extent that a change in applicable law, whether by statute or judicial decision, permits
greater indemnification hold harmless rights or advancement of Expenses than would be afforded currently under the Charter, the Bylaws
or this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded
by such change. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and
remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity
or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or
employment of any other right or remedy.

 

(b)   The DGCL permits
the Company to purchase and maintain insurance on behalf of Indemnitee against any liability asserted against Indemnitee or incurred by
or on behalf of Indemnitee or in such capacity as a director, officer or employee of the Company or as an agent of another Enterprise,
or arising out of Indemnitee’s status as such, whether or not the Company would have the power to indemnify Indemnitee against such
liability under the DGCL, as it may then be in effect. The purchase, establishment, and maintenance of any such insurance shall not in
any way limit or affect the rights and obligations of the Company or of Indemnitee under this Agreement except as expressly provided herein,
and the execution and delivery of this Agreement by the Company and Indemnitee shall not in any way limit or affect the rights and obligations
of the Company or the other party or parties thereto with respect to any such insurance.

 

(c)   To the extent
that the Company maintains an insurance policy or policies providing liability insurance for directors, officers, or employees of the
Company or agents of any other Enterprise, Indemnitee shall be covered by such policy or policies in accordance with its or their
terms to the maximum extent of the coverage available for any such director, officer, or employee of the Company or any agent of any such
other Enterprise under such policy or policies. If, at the time the Company receives notice from any source of a Proceeding as to which
Indemnitee is a party or a participant (as a witness, deponent or otherwise), the Company has director and officer liability or similar
insurance in effect, the Company shall give prompt notice of such Proceeding to the insurers in accordance with the procedures set forth
in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf
of Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies.

 

(d)   In the event
of any payment under this Agreement, the Company, to the fullest extent permitted by law, shall be subrogated to the extent of such payment
to all of the rights of recovery of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights,
including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights.

 

(e)   The Company’s
obligation to indemnify, hold harmless, or advance Expenses hereunder to Indemnitee who is or was serving at the request of the Company
as a director, officer, trustee, partner, manager, managing member, fiduciary, employee or agent of any other Enterprise shall be reduced
by any amount Indemnitee has actually received as indemnification or hold harmless payments or advancement of expenses from such Enterprise.
Notwithstanding any other provision of this Agreement to the contrary, (i) Indemnitee shall have no obligation to reduce, offset,
allocate, pursue or apportion any indemnification, hold harmless, advancement, contribution or insurance coverage among multiple parties
possessing such duties to Indemnitee prior to the Company’s satisfaction and performance of all its obligations under this Agreement,
and (ii) the Company shall perform fully its obligations under this Agreement without regard to whether Indemnitee holds, may pursue
or has pursued any indemnification, advancement, hold harmless, contribution or insurance coverage rights against any person or entity
other than the Company.

 

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14.  DURATION OF AGREEMENT. All
agreements and obligations of the Company contained herein shall continue during the period Indemnitee serves as a director or officer
of the Company or as a director, officer, trustee, partner, manager, managing member, fiduciary, employee or agent of any other corporation,
partnership, joint venture, trust, employee benefit plan or other Enterprise which Indemnitee serves at the request of the Company and
shall continue thereafter so long as Indemnitee shall be subject to any possible Proceeding by reason of Indemnitee’s Corporate
Status, whether or not Indemnitee is acting in any such capacity at the time any liability or expense is incurred for which indemnification
or advancement can be provided under this Agreement.

 

15.  SEVERABILITY. If any provision
or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity,
legality and enforceability of the remaining provisions of this Agreement (including, without limitation, each portion of any Section,
paragraph or sentence of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself
invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to the fullest extent
permitted by law; (b) such provision or provisions shall be deemed reformed to the extent necessary to conform to applicable law
and to give the maximum effect to the intent of the parties hereto; and (c) to the fullest extent possible, the provisions of this
Agreement (including, without limitation, each portion of any Section, paragraph or sentence of this Agreement containing any such provision
held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect
to the intent manifested thereby.

 

16.  ENFORCEMENT AND BINDING EFFECT.

 

(a)   The Company
expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to induce
Indemnitee to serve as a director, officer or key employee of the Company, and the Company acknowledges that Indemnitee is relying upon
this Agreement in serving as a director, officer or key employee of the Company or as an agent of another Enterprise.

 

(b)   Without limiting
any of the rights of Indemnitee under the Charter or Bylaws (which rights shall continue in full force and effect and shall be in addition
to the rights provided hereunder), this Agreement constitutes the entire agreement between the parties hereto with respect to the subject
matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect
to the subject matter hereof.

 

(c)   The indemnification,
hold harmless, and advancement of expenses rights provided by or granted pursuant to this Agreement shall be binding upon and be enforceable
by the parties hereto and their respective successors and assigns (including any direct or indirect successor by purchase, merger, consolidation,
division or otherwise to all or substantially all of the business and/or assets of the Company), shall continue as to an Indemnitee who
has ceased to be a director, officer, or employee of the Company or agent of any other Enterprise, and shall inure to the benefit of Indemnitee
and Indemnitee’s spouse, assigns, heirs, devisees, executors and administrators and other legal representatives.

 

(d)   The Company
shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially
all or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee,
expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to
perform if no such succession had taken place.

 

(e)   The Company
and Indemnitee agree herein that a monetary remedy for breach of this Agreement, at some later date, may be inadequate, impracticable
and difficult of proof, and further agree that such breach may cause Indemnitee irreparable harm. Accordingly, the parties hereto agree
that Indemnitee may, to the fullest extent permitted by law, enforce this Agreement by seeking, among other things, injunctive relief
and/or specific performance hereof, without any necessity of showing actual damage or irreparable harm and that by seeking injunctive
relief and/or specific performance, Indemnitee shall not be precluded from seeking or obtaining any other relief to which Indemnitee
may be entitled. The Company and Indemnitee further agree that Indemnitee shall, to the fullest extent permitted by law, be entitled to
such specific performance and injunctive relief, including temporary restraining orders, preliminary injunctions and permanent injunctions,
without the necessity of posting bonds or other undertaking in connection therewith. The Company acknowledges that in the absence of a
waiver, a bond or undertaking may be required of Indemnitee by a court of competent jurisdiction. The Company hereby waives any such requirement
of such a bond or undertaking to the fullest extent permitted by law.

 

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17.    MODIFICATION AND WAIVER.
No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by the Company and Indemnitee.
No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions of this Agreement
nor shall any waiver constitute a continuing waiver.

 

18.  NOTICES. All notices, requests,
demands and other communications under this Agreement shall be in writing and shall be deemed to have been duly given (i) if delivered
by hand and receipted for by the party to whom said notice or other communication shall have been directed, or (ii) mailed by certified
or registered mail with postage prepaid, on the third (3rd) business day after the date on which it is so mailed:

 

(a)  If to Indemnitee,
at the address indicated on the signature page of this Agreement, or such other address as Indemnitee shall provide in writing to
the Company.

 

(b)  If to the Company,
to:

 

Lottery.com Inc.

20808 Hwy 71 W. Unit B

Spicewood TX

Attention: President

 

With a copy to 

 

Chief Legal Officer

E-mail: legal@lottery.com 

  

or to any other address as may have been furnished
to Indemnitee in writing by the Company.

 

19.  APPLICABLE LAW AND CONSENT TO
JURISDICTION. This Agreement and the legal relations among the parties shall be governed by, and construed and enforced in accordance
with, the laws of the State of Delaware, without regard to its conflict of laws rules. To the fullest extent permitted by law, the Company
and Indemnitee hereby irrevocably and unconditionally: (a) agree that any action or proceeding arising out of or in connection with
this Agreement shall be brought only in the Delaware Court and not in any other state or federal court in the United States of America
or any court in any other country; (b) consent to submit to the exclusive jurisdiction of the Delaware Court for purposes of any
action or proceeding arising out of or in connection with this Agreement; (c) waive any objection to the laying of venue of any such
action or proceeding in the Delaware Court; and (d) waive, and agree not to plead or to make, any claim that any such action or proceeding
brought in the Delaware Court has been brought in an improper or inconvenient forum, or is subject (in whole or in part) to a jury trial.
To the fullest extent permitted by law, the parties hereby agree that the mailing of process and other papers in connection with any such
action or proceeding in the manner provided by Section 18 or in such other manner as may be permitted by law, shall be valid and
sufficient service thereof.

 

20.  IDENTICAL COUNTERPARTS. This
Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which
together shall constitute one and the same Agreement. Only one such counterpart signed by the party against whom enforceability is sought
needs to be produced to evidence the existence of this Agreement.

 

21.  MISCELLANEOUS. Use of the
masculine pronoun shall be deemed to include usage of the feminine pronoun where appropriate. The headings of the paragraphs of this Agreement
are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof.

 

22.  ADDITIONAL ACTS. If for the
validation of any of the provisions in this Agreement any act, resolution, approval or other procedure is required to the fullest extent
permitted by law, the Company undertakes to cause such act, resolution, approval or other procedure to be affected or adopted in
a manner that will enable the Company to fulfill its obligations under this Agreement.

 

23.  MAINTENANCE OF INSURANCE.
The Company shall use commercially reasonable efforts to obtain and maintain in effect during the entire period for which the Company
is obligated to indemnify Indemnitee under this Agreement, one or more policies of insurance with reputable insurance companies to provide
the officers/directors of the Company with coverage for losses from wrongful acts and omissions and to ensure the Company’s performance
of its indemnification obligations under this Agreement.  Indemnitee shall be covered by such policy or policies in accordance with
its or their terms to the maximum extent of the coverage available for any such director or officer under such policy or policies. 
In all such insurance policies, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee with the same rights
and benefits as are accorded to the most favorably insured of the Company’s directors and officers.

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF, the parties hereto have
caused this Indemnity Agreement to be signed as of the day and year first above written.

 

	LOTTERY.COM INC.	 
	 	 
	By:	                   	 
	Name:	 	 
	Title: 	 	 
	 	 
	INDEMNITEE	 
	 	 
	By:	 	 
	Name:	 	 
	Address: 	 	 

 

[Signature page to Indemnity Agreement]

 

 

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