Company: BLNE
Filing Date: 2025-02-05
Form Type: DEF 14A
Source: 0001493152-25-005006
Chunk: 131

Company: Beeline Holdings, Inc.
Filing Date: 2025-02-05
Form: DEF 14A
Chunk 131
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 Convertible notes and accrued interest exchanged for common stock and Series B preferred stock |     |      |        |   |     |      |         |   |
| Issuincxe of Series B reflects as debt discount                                                |     |      |        |   |     |      |         |   |
| Convertible note issued for future services                                                    |     |      |        |   |     |      |         |   |
| Convertible note issued for accrued interest                                                   |     |      |        |   |     |      |         |   |
| Preferred stock exchanged                                                                      
 for convertible notes - related party                                                          |     |      |    403 |   |     |      |     723 |   |
| Cash and cash equivalents                                                                      |     |      |        |   |     |      |         |   |
| Restricted cash                                                                                |     |      |        |   |     |      |         |   |
| Total cash and cash                                                                            
 equivalents and restricted cash                                                                |     |      |        |   |     |      |         |   |

<div align='center'>The accompanying notes are an integral part of these consolidated financial statements.</div>

| F-11 |

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

Notes to Consolidated Financial Statements

December 31, 2023</div>

1. Description of Business

Eastside Distilling (the “Company” or “Eastside Distilling”) was incorporated under the laws of Nevada in 2004 under the name of Eurocan Holdings, Ltd. In December 2014, the Company changed its corporate name to Eastside Distilling, Inc. to reflect the acquisition of Eastside Distilling, LLC. On September 4, 2024, the Company entered into an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”) with East Acquisition Sub Inc. (“Merger Sub”) and Beeline Financial Holdings, Inc. (“Beeline”). The Merger closed on October 7, 2024. Beeline is a mortgage technology company that operates an end-to-end, all-digital, AI-enhanced platform for homeowners and property investors. The Company currently employs 88 people in the United States, including Beeline’s employees and excluding Craft Canning + Printing (“Craft C+P”) employees.

On September 4, 2024, the Company and its subsidiary, Craft C+P, entered into a Debt Exchange Agreement (the “De