Company: BLNE
Filing Date: 2025-01-03
Form Type: S-1/A
Source: 0001493152-25-000284
Chunk: 54

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-03
Form: S-1/A
Chunk 54
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 Preferred Stock are summarized under “Description of Securities” on page 93.

Appointment of Officer and Directors

Pursuant to the terms of the Merger Agreement, in connection with the closing of the Merger, the Board voted to increase the number of members of the Board from four to six and appointed to the vacancies two individuals designated by Beeline: Joseph Freedman and Joseph Caltabiano. In addition, the Eastside Board appointed Christopher Moe, the Chief Financial Officer of Beeline, to serve as the Chief Financial Officer of Eastside. Information concerning the three new members of management is provided under “Management.”

Employment Agreement: Chief Executive Officer

The Merger Agreement provided that, as a condition to closing of the Merger, the Employment Agreement between Eastside and Geoffrey Gwin, Eastside’s Chief Executive Officer, would be amended in a manner satisfactory to Eastside, Beeline and Mr. Gwin. Accordingly, at the time of the Merger, Eastside’s Employment Agreement with Geoffrey Gwin was amended as follows:

| (a) | The                                                                                         
 performance bonuses in Employment Agreement were replaced by a cash bonus of $90,000. At    
 Mr. Gwin’s election, the bonus was satisfied by issuance of 180,000 shares of the Company’s 
 Common Stock.                                                                               |

| 45 |

| (b) | The                                                                                                
 Company issued 400,000 shares of Common Stock to Mr. Gwin, which will vest on the earlier          
 of March 31, 2025 or the date on which Mr. Gwin’s employment is terminated without                 
 cause.                                                                                             |
| (c) | The                                                                                                
 Company covenanted that, in the event that the conversion price of the Series F is reduced,        
 the Company will issue to Mr. Gwin a number of Common Stock equal to one percent of the additional 
 shares issued as a result of the adjustment.                                                       |
| (d) | The                                                                                                
 Company agreed to issue 100,000 shares of Common Stock to Mr. Gwin if he is terminated by          
 the Company without cause.                                                                         |

<div align='center'>THE PRIVATE PLACEMENT</div>

On November 14, 2024 (the “Closing Date”), the Company sold $1,938,000 in aggregate principal amount of Notes and Warrants and received gross proceeds of $1,615,000 in connection with the Offering. The Notes and Warrants were sold pursuant to a the Purchase Agreement with the Selling Stockholders. The