Company: BLNE
Filing Date: 2025-01-14
Form Type: 424B3
Source: 0001493152-25-002137
Chunk: 116

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-14
Form: 424B3
Chunk 116
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2024, Eastside and its subsidiary, Craft Canning & Bottling, LLC (“Craft”) entered into a Debt Exchange Agreement with The B.A.D. Company, LLC (the “SPV”), Aegis Security Insurance Company (“Aegis”), Bigger Capital Fund, LP (“Bigger”), District 2 Capital Fund, LP (“District 2”), LDI Investments, LLC (“LDI”), William Esping (“Esping”), WPE Kids Partners (“WPE”) and Robert Grammen (“Grammen”). Subsequent to the execution of the Debt Exchange Agreement, the assets of the SPV were distributed to its members, i.e. Aegis, Bigger, District 2 and LDI. To reflect the effect of the distribution on the transactions contemplated by the Debt Exchange Agreement, the parties, on October 3, 2024, executed the First Amended and Restated Debt Exchange Agreement (the “Debt Agreement”). The seven counterparties to the Debt Agreement with Eastside and Craft are referred to in this Report collectively as the “Investors”.

| F-1 |

Subsequent to execution of the Debt Exchange Agreement, Eastside organized a subsidiary named “Bridgetown Spirits Corp.” and assigned to Bridgetown Spirits Corp. all of the assets held by Eastside in connection with its business of manufacturing and marketing spirits. Bridgetown Spirits Corp. issued 1,000,000 shares of common stock to Eastside.

On October 7, 2024, a closing was held pursuant to the terms of the Debt Exchange Agreement. At that closing, the following transactions were completed:

| ● | Aegis,                                                                                         
 Bigger, District 2 and LDI transferred to Eastside a total of 31,234 shares of Eastside Series 
 C Preferred Stock and 119,873 shares of Eastside Common Stock. The Investors 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 Investors.                          |

| ● | Eastside                                                                                   
 issued a total of 255,474 shares of Series D Preferred Stock to Bigger and District 2, and 
 Bigger and District 2 released Eastside from liability for $2,554,746 of unsecured debt.   |

| ● | Eastside                                                                                   
 issued a total of 200,000