Company: BLNE
Filing Date: 2025-01-08
Form Type: S-1/A
Source: 0001493152-25-001415
Chunk: 147

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-08
Form: S-1/A
Chunk 147
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 it twice for total borrowing of $ 3.3million. TQLA LLC is owned by Stephanie Kilkenny, a member of the Company’s Board of Directors, and her husband, Patrick Kilkenny.

Aegis Security Insurance Company

On October 7, 2022, the Company entered into a Note Purchase Agreement with 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”). $ 3.3million of the purchase price was paid to TQLA, LLC to satisfy the TQLA Note. See discussion of the Aegis transaction in Note 12.Patrick Kilkenny is the principal owner of Aegis.

LD Investments LLC

On September 29 2023, the Company entered into a Secured Promissory Note with LDI in the principal amount of $ 1.4million, representing advances made by LDI to the Company between December 2022 and August 2023. Patrick Kilkenny is the principal owner of LDI.

On September 29, 2023, the Company entered into the DSA with LDI and other creditors. See: Note 16, Stockholders Equity – Debt Satisfaction Agreement.The entire principal and interest on the LDI Note were exchanged for equity issued to the SPV, in which LDI holds a 21% interest.

19.Subsequent Events

During February 2024, LD Investments advanced the Company $ 0.6million. The principal owner of LD Investments is Patrick Kilkenny.

| F-27 |

| Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023                                                
 Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023                     | Page 
 F-29 
 F-30 |
|:--------------------------------------------------------------------------------------------------------------------------|:-----|
| Consolidated Statements of Stockholders’ Equity (Deficit) for the Three and Nine Months Ended September 30, 2024 and 2023 | F-31 |
| Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023                               | F-32 |
| Notes to the Consolidated Financial Statements                                                                            | F-33 |

| F-28 |

<div align='center'>Eastside Distilling, Inc. and Subsidiaries

Consolidated Balance Sheets