Company: BLNE
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011724
Chunk: 119

Company: Beeline Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 119
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 $2,759 with Tower Title.

Beeline
Loans partnered with CredEvolv on February 26, 2025 to help declined borrowers improve their credit and secure mortgage approval. Steve
Romano is co-founder and President of CredEvolv. Mr. Romano also serves on the Company’s Board of Directors.

Beeline
Loans is a member of The Mortgage Collaborative, which is an industry trade group founded by David Kittle. Beeline Loans pays membership
fees to The Mortgage Collaborative. Mr. Kittle was appointed as Special Advisor to the Company and Board of Directors on March 12, 2025.

    30

Beeline
Holdings, Inc.

Notes
to Consolidated Financial Statements

March
31, 2025

(Unaudited)

21.
SUBSEQUENT EVENTS

Advances

During April 2025, Mr. Liuzza and a consultant each advanced the Company $0.2 million.

Notes
Payable

The
Company is in current discussions with a lender to extend the note payable that was due December 31, 2024 for an additional six months.

The
Company is in current discussions with a lender to extend the note payable that was due June 21, 2024. The principal balance as of March
31, 2025 was $0.3 million.

Secured
Credit Facilities

On May 12, 2025, the Company entered into an agreement
with certain secured lenders pursuant to which such lenders agreed to extend the maturity date of their respective Senior Secured Notes
(the “Notes”) which were issued on November 14, 2024 pursuant to the Purchase Agreement having an aggregate principal amount
of $0.5 million, as previously extended, to August 14, 2025.

On May 13, 2025, the Company borrowed $0.3 million from an affiliate
of one of the lenders and issued it a $0.3 million non-convertible promissory note which is due on July 13, 2025, and bears interest computed
at the per annum minimum Internal Revenue Service imputed as it may change from time-to-time prior to maturity. Such promissory note may
be exchanged for convertible preferred stock of the Company having such terms as are reasonably acceptable to the Company and the lender.

On May 14, 2025, the Company entered into an
agreement with two secured lenders pursuant to which the parties agreed