Company: BLNE
Filing Date: 2025-02-05
Form Type: DEF 14A
Source: 0001493152-25-005006
Chunk: 125

Company: Beeline Holdings, Inc.
Filing Date: 2025-02-05
Form: DEF 14A
Chunk 125
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 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 shares of Series E Preferred Stock to Bigger and District 2, and 
 Bigger and District 2 released Eastside from liability for $2,000,000 of unsecured debt.   |

| ● | Eastside                                                                                  
 transferred a total of 108,899 shares of Spirits  to Bigger, District 2,                  
 Esping, WPE and Grammen, and those Investors released Eastside from unsecured debt in the 
 aggregate amount of $888,247.                                                             |

| ● | Eastside                                                                                         
 issued a total of 190,000 shares of common stock to Esping, WPE and Grammen, and those Investors 
 released Eastside from liability for $187,189 of unsecured debt.                                 |

| ● | Each                                                                                      
 of the Investors released and discharged Eastside from all liability