Company: BLNE
Filing Date: 2025-01-17
Form Type: PRE 14A
Source: 0001493152-25-002779
Chunk: 317

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-17
Form: PRE 14A
Chunk 317
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 on conversion of Series C Preferred, which will be surrendered to Eastside on November 7, 2024 in exchange for shares of Spirits Inc.

This does not give effect to any shares of Eastside convertible preferred stock sold in a private placement at about or following the time of the Closing.

All the issued and outstanding capital stock of Eastside has been duly authorized and validly issued, are fully paid and nonassessable. Schedule 4.4reflects the number of shares of Eastside capital stock owned by each Affiliate of Eastside. Except for 177,725 shares of common stock issued to Crater Lake Pte. pursuant to an Accommodation and Waiver Agreement dated September 16, 2024, 400,000 shares of common stock issued to Geoffrey Gwin pursuant to the First Amendment to Executive Employment Agreement dated October 7, 2024, and 442,042 shares of common stock sold on September 6, 2024 in an ATM offering, Eastside has not issued any capital stock since its most recently filed periodic report under the Exchange Act. No Person has any right of first refusal, preemptive right, right of participation, or any similar right to participate in the transactions contemplated by this Agreement. Except as contemplated by the First Amended and Restated Debt Exchange Agreement or the Executive Employment Agreement with Geoffrey Gwin dated October 7, 2024 and as reflected on Schedule 4.4, there are no outstanding options, warrants, scrip rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities, rights or obligations convertible into or exercisable or exchangeable for, or giving any Person any right to subscribe for or acquire, any shares of the capital stock of Eastside or any Subsidiary, or contracts, commitments, understandings or arrangements by which Eastside or any Subsidiary is or may become bound to issue additional shares of capital stock or Common Stock Equivalents or capital stock of any Subsidiary. The issuance of the Merger Shares will not obligate Eastside or any Subsidiary to issue shares of Common Stock or other securities to any Person other than the Beeline stockholders. Except for provisions of the Certificate of Designation of the Series C Preferred Stock that will be eliminated upon closing under the First Amended and Restated Debt Exchange Agreement, there are no outstanding securities or instruments of Eastside or any Subsidiary with any provision that adjusts the exercise, conversion, exchange or reset price of