Company: BLNE
Filing Date: 2025-02-05
Form Type: DEF 14A
Source: 0001493152-25-005006
Chunk: 316

Company: Beeline Holdings, Inc.
Filing Date: 2025-02-05
Form: DEF 14A
Chunk 316
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 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 such security or instrument upon an issuance of securities by Eastside or any Subsidiary. There are no outstanding securities or instruments of Eastside or any Subsidiary that contain any redemption or similar provisions, and there are no contracts, commitments, understandings or arrangements by which Eastside or any Subsidiary is or may become bound to redeem a security of Eastside or such Subsidiary. Eastside does not have any stock appreciation rights or “phantom stock” plans or agreements or any similar plan or agreement. There are no stockholders agreements, voting agreements or other similar agreements with respect to Eastside’s capital stock to which Eastside is a party or, to the Knowledge of Eastside, between or among any of Eastside’s stockholders other than as disclosed in Schedule 4.4.

| 2 |

| 3. | Section                                                                                        
 2.1 and references in the Agreement to “Merger Shares” in the Agreement are hereby             
 amended to refer to “a number of shares of Series F Convertible Preferred Stock and            
 Series F-1 Convertible Preferred Stock (collectively, the “Series F”)                          
 of Eastside (together, the “Merger Shares”) that, when issued, will represent                  
 eighty-two and one-half percent (82.5%) of the aggregate outstanding capital stock of Eastside 
 on a fully-diluted basis (including giving effect to full conversion of such Merger Shares,    
 but excluding from the calculation of Eastside capital stock the Series E Preferred Stock      
 and Common Stock issuable on conversion thereof).”                                             |

Sections 2.1(a) and 6.1(e) and references in the Agreement to the outstanding Debentures of Beeline are hereby amended to delete any references to such Debentures’ exchange for Beeline Common Stock, and to instead refer to or provide for Beeline and the Debenture holders of Beeline having entered into an agreement to amend the Debentures in a manner satisfactory to