Company: BLNE
Filing Date: 2025-01-17
Form Type: PRE 14A
Source: 0001493152-25-002779
Chunk: 59

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-17
Form: PRE 14A
Chunk 59
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 (A) the daily volume weighted average   
 price (“VWAP”) of the Company’s common stock for the five trading days                         
 immediately preceding the applicable purchase date for such Fixed Purchase and (B) the lowest  
 trading price of a share of common stock on such date; provided that if the closing price      
 of the common stock on such date is lower than such purchase price, then the purchase price    
 shall be reduced to equal such closing price, and provided further that such purchases shall   
 be subject to a daily limitation of $200,000;                                                  |

| 48 |

| (ii) | VWAP                                                                                           
 Purchase. On any business day where the closing sale price of the common stock is equal        
 to or greater than $0.50, the Company has the right to direct C/M to purchase common stock     
 at a purchase price equal to 95% of the lower of (A) the closing sale price on such date       
 and (B) the VWAP during a period specified in the ELOC Agreement, provided that such purchases 
 shall be subject to a daily limitation of $2,500,000; and                                      |

| (iii) | Additional                                                                                                                        
 VWAP Purchase. In addition to the foregoing, the Company also has the right to direct C/M to purchase common stock at a purchase  
 price equal to 95% of the lower of (A) the closing sale price on such date and (B) the VWAP during a period specified in the ELOC 
 Agreement, provided that such purchases shall be subject to a daily limitation of $2,500,000.                                     |

The foregoing purchase terms are subject to certain conditions and limitations, including daily volume and dollar amount limitations with respect to each type of purchase described above within a given day, a 4.99% beneficial ownership limitation with respect to C/M’s ownership of the Company’s common stock, and the Exchange Cap with respect to Nasdaq. As disclosed earlier, the Company does not intend to sell C/M shares at a price of less than $0.51.

The Company agreed to comply with certain covenants and conditions under the ELOC Agreement, which are set forth therein.

Side Letter Agreement and Potential Future Changes

The Company and C/M entered into a side letter agreement pursuant to which the parties agreed that (i) any commitment shares required to be issued under the ELOC Agreement will be in the form of Series G, and (ii) that the Company may make changes to the ELOC Agreement if recommended by its counsel