Company: BLNE
Filing Date: 2025-02-14
Form Type: 8-K
Source: 0001493152-25-006847
Chunk: 2

Company: Beeline Holdings, Inc.
Filing Date: 2025-02-14
Form: 8-K
Item: Item 5.02
Chunk 2
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 or as determined
by the administrator in its sole discretion, (i) through any cashless exercise procedure approved by the administrator (including the
withholding of common shares otherwise issuable upon exercise), (ii) by tendering unrestricted common shares owned by the participant,
(iii) with any other form of consideration approved by the administrator and permitted by applicable law or (iv) by any combination of
these methods. The option holder will have no rights to dividends or distributions or other rights of a shareholder with respect to the
common shares subject to an option until the option holder has given written notice of exercise and paid the exercise price and applicable
withholding taxes.

In
the event of a participant’s termination of employment or service, the participant may exercise his or her option (to the extent
vested as of such date of termination) for such period of time as specified in hte option agreement.

Share
Appreciation Rights. SARs may be granted either alone (a “ Free-Standing Right”) or in conjunction with all or part of any
option granted under the 2025 Plan (a “ Related Right”). A Free-Standing Right will entitle its holder to receive, at the
time of exercise, an amount per share up to the excess of the fair market value (at the date of exercise) of a common share over the
base price of the Free-Standing Right (which shall be no less than 100% of the fair market value of the related common shares on the
date of grant) multiplied by the number of shares in respect of which the SAR is being exercised. A Related Right will entitle its holder
to receive, at the time of exercise of the SAR and surrender of the applicable portion of the related option, an amount per share up
to the excess of the fair market value (at the date of exercise) of a common share over the exercise price of the related option multiplied
by the number of shares in respect of which the SAR is being exercised. The exercise period of a Free-Standing Right may not exceed ten
years from the date of grant. The exercise period of a Related Right will also expire upon the expiration of its related option.

The
holder of a SAR will have no rights to dividends or any other rights of a shareholder with respect to the common shares subject to the
SAR until the holder has given written notice of exercise and paid the exercise price and applicable withholding taxes.

In
the event of a participant’s termination of employment or service, the