Company: BLNE
Filing Date: 2025-01-03
Form Type: S-1/A
Source: 0001493152-25-000284
Chunk: 133

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-03
Form: S-1/A
Chunk 133
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 portion                                                                                                                            |               |   |  (486 | ) |     |   |     - |
| Long-term                                                                                                                                  
 portion of notes payable                                                                                                                   |               | $ | 7,556 |   |     | $ | 7,749 |

The Company paid $ 0.1million and $ 0.5million in interest on notes for the years ended December 31, 2023 and 2022, respectively.

Maturities on notes payable as of December 31, 2023 were as follows:

Schedule of Maturities on Notes payable

| (Dollars in thousands) |     |   |       |
|:-----------------------|:----|:--|------:|
| 2024                   |     | $ |   486 |
| 2025                   |     |   | 7,556 |
| 2026                   |     |   |     - |
| 2027                   |     |   |     - |
| 2028                   |     |   |     - |
| Thereafter             |     |   |     - |
| Total                  |     | $ | 8,042 |

| F-20 |

Eastside Distilling, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

December 31, 2023

13.Secured Credit Facilities

Note Purchase Agreement

On October 7, 2022, the Company entered into a Note Purchase Agreement dated as of October 6, 2022 with Aegis Security Insurance Company (“Aegis”). Pursuant to the Note Purchase Agreement, Aegis purchased from the Company a secured promissory note in the principal amount of $ 4.5million (the “Aegis Note”). Aegis paid for the Aegis Note by paying $ 3.3million to TQLA to fully satisfy a secured line of credit promissory note that the Company issued to TQLA on March 21, 2022; and the remaining $ 1.2million was paid in cash to the Company. The Aegis Note bears interest at 9.25% per annum, payable every three months. The principal amount of the Aegis Note will be payable on March 31, 2025. The Company pledged substantially all of its assets to secure its obligations to Aegis under the Aegis Note.

On September 29, 2023, the Company entered into a Debt Satisfaction Agreement with Aegis and other creditors, pursuant