Company: BLNE
Filing Date: 2025-01-17
Form Type: PRE 14A
Source: 0001493152-25-002779
Chunk: 364

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-17
Form: PRE 14A
Chunk 364
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 be applied to all Holders’ Shares then outstanding on a pro rata basis in accordance with each such Holders’                 
 pro rata percentage of the Holders’ Shares then outstanding as of the applicable date in question. In no event shall more than            
 70,000,000 additional shares of Common Stock be issuable pursuant to this Section 5(e)(i) (the “Capped Amount”).                          |

| C-9 |

| (ii)  | Holdback by                                                                                                                                     
 the Holders. For a period of one year from the Initial Issuance Date, a number of Holders’ Shares representing 10% of the shares                
 of Common Stock underlying the Holders’ Shares as of the Initial Issuance Date (the “Holdback Shares”), and                                     
 such underlying shares of Common Stock, shall be subject to lock-up restrictions and shall not be sold, transferred or otherwise encumbered     
 by the Holders (the “Holdback Amount”). On the expiration of such one-year period, if the number of Measuring Shares                            
 issued and outstanding on a fully-diluted basis exceeds the Maximum Amount, the Holdback Shares shall be released and may be issued upon        
 conversion. If as of such date the number of Measuring Shares issued and outstanding on a fully-diluted basis is less than the Maximum          
 Amount, the shares of Common Stock issuable upon conversion of the Holders’ Shares pursuant to the adjustments set forth in this                
 Section 5(e) shall be reduced pro rata so as to preserve the 82.5% ratio of the Holders’ Shares to the Measuring Shares. Provided,              
 however, such reduction may not exceed the Holdback Amount. This Section 5(e)(ii) shall apply pro rata to the Holders of the Holders’           
 Shares as of such date.                                                                                                                         |
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| (iii) | Monitor of Stated                                                                                                                               
 Percentage; Notice to Holders. Within 30 days following the end of each calendar quarter for a period of two years from the Initial             
 Issuance Date the Board of Directors of the Company shall determine whether the number of Measuring Shares has been increased or reduced        
 in the preceding calendar quarter. To the extent that the number of Measuring Shares results in a reduction of the Capped Amount as a           
 result of conversions of or changes in the Series E Convertible Preferred Stock, the Company shall publicly disclose such change and            
 notify the Holders in writing