Company: BLNE
Filing Date: 2025-02-14
Form Type: 8-K
Source: 0001493152-25-006847
Chunk: 1

Company: Beeline Holdings, Inc.
Filing Date: 2025-02-14
Form: 8-K
Item: Item 5.02
Chunk 1
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 awards.

Restricted
Shares and Restricted Share Units. Restricted shares and RSUs may be granted under the 2025 Plan. The plan administrator will determine
the purchase price, vesting schedule and performance goals, if any, and any other conditions that apply to a grant of restricted shares
and RSUs. If the restrictions, performance goals or other conditions determined by the plan administrator are not satisfied, the restricted
shares and RSUs will be forfeited. Subject to the provisions of the 2025 Plan and the applicable award agreement, the plan administrator
has the sole discretion to provide for the lapse of restrictions in installments.

Unless
the applicable award agreement provides otherwise, participants with restricted shares will generally have all of the rights of a shareholder;
provided that dividends will only be paid if and when the underlying restricted share vests. RSUs will not be entitled to dividends prior
to vesting, but may be entitled to receive dividend equivalents if the award agreement provides for them. The rights of participants
granted restricted shares or RSUs upon the termination of employment or service to us will be set forth in the award agreement.

   2  

Options.
Incentive stock options and non-statutory stock options may be granted under the 2025 Plan. An “incentive stock option” means
an option intended to qualify for tax treatment applicable to incentive stock options under Section 422 of the Internal Revenue Code.
A “non-statutory stock option” is an option that is not subject to statutory requirements and limitations required for certain
tax advantages that are allowed under specific provisions of the Internal Revenue Code. A non-statutory stock option under the 2025 Plan
is referred to for federal income tax purposes as a “non-qualified” stock option. Each option granted under the Plan will
be designated as a non-qualified stock option or an incentive stock option. At the discretion of the administrator, incentive stock options
may be granted only to our employees, employees of our “parent Company” (as such term is defined in Section 424(e) of the
Code) or employees of our subsidiaries.

The
exercise period of an option may not exceed ten years from the date of grant and the exercise price may not be less than 100% of the
fair market value of a common share on the date the option is granted (110% of fair market value in the case of incentive stock options
granted to ten percent shareholders). The exercise price for common shares subject to an option may be paid in cash,