Company: BLNE
Filing Date: 2025-01-03
Form Type: S-1/A
Source: 0001493152-25-000284
Chunk: 53

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-03
Form: S-1/A
Chunk 53
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234 shares of Eastside Series   
 C and 119,873 shares of Eastside Common Stock. The lenders also released Eastside from liability 
 for $4,137,581 of senior secured debt and $2,465,169 of unsecured debt. In consideration         
 of their surrender of stock and release of debt, Eastside caused Craft to be merged into         
 a limited liability company owned by the lenders.                                                |
| ● | Eastside                                                                                         
 issued a total of 255,474 shares of Series D to Bigger and District 2, and Bigger and District   
 2 released Eastside from liability for $2,554,746 of unsecured debt.                             |

| 44 |

| ● | Eastside                                                                                         
 issued a total of 200,000 shares of Series E to Bigger and District 2, and Bigger and District   
 2 released Eastside from liability for $2,000,000 of unsecured debt.                             |
| ● | Eastside                                                                                         
 transferred a total of 108,899 shares of Spirits to Bigger, District 2, Esping, WPE and Grammen, 
 and those lenders released Eastside from unsecured debt in the aggregate amount of $888,247.     |
| ● | Eastside                                                                                         
 issued a total of 190,000 shares of Common Stock to Esping, WPE and Grammen, and those lenders   
 released Eastside from liability for $187,189 of unsecured debt.                                 |

In accordance with the Debt Agreement on November 7, 2024, Eastside transferred a total of 361,101 shares of Spirits to Aegis, Bigger, District 2 and LDI. In consideration for those shares, those four lenders surrendered to Eastside a total of 580,899 shares of Eastside Common Stock.

Upon completion of the transaction contemplated by the Debt Agreement, Eastside was no longer involved in the business of canning, and presently owns 53% of the capital stock of Spirits, which is in the business of manufacturing and marketing spirits.

Amendment to Articles of Incorporation

On October 7, 2024 Eastside filed with the Nevada Secretary of State a Certificate of Designation of 255,474 shares of Series D and a Certificate of Designation of 200,000 shares of Series E and a Certificate of Designation of 70,000,000 shares of Series F and a Certificate of Designation of Series F-1. The material terms of each class of