Company: BLNE
Filing Date: 2025-02-14
Form Type: 8-K
Source: 0001493152-25-006847
Chunk: 3

Company: Beeline Holdings, Inc.
Filing Date: 2025-02-14
Form: 8-K
Item: Item 5.02
Chunk 3
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 holder of a SAR may exercise his or her SAR (to the extent
vested as of such date of termination) for such period of time as specified in the SAR agreement.

   3  

Other
Share-Based Awards. The administrator may grant other share-based awards under the 2025 Plan, valued in whole or in part by reference
to, or otherwise based on, common shares. The administrator will determine the terms and conditions of these awards, including the number
of common shares to be granted pursuant to each award, the manner in which the award will be settled, and the conditions to the vesting
and payment of the award (including the achievement of performance goals). The rights of participants granted other share-based awards
upon the termination of employment or service to us will be set forth in the applicable award agreement. In the event that a bonus is
granted in the form of common shares, the common shares constituting such bonus shall, as determined by the administrator, be evidenced
in uncertificated form or by a book entry record or a certificate issued in the name of the participant to whom such grant was made and
delivered to such participant as soon as practicable after the date on which such bonus is payable. Any dividend or dividend equivalent
award issued hereunder shall be subject to the same restrictions, conditions and risks of forfeiture as apply to the underlying award.

Equitable
Adjustment and Treatment of Outstanding Awards Upon a Change in Control

Equitable
Adjustments. In the event of a merger, consolidation, reclassification, recapitalization, spin-off, spin-out, repurchase, reorganization,
special or extraordinary dividend or other extraordinary distribution (whether in the form of common shares, cash or other property),
combination, exchange of shares, or other change in corporate structure affecting our common shares, an equitable substitution or proportionate
adjustment shall be made in (i) the aggregate number and kind of securities reserved for issuance under the 2025 Plan; (ii) the kind
and number of securities subject to, and the exercise price of, any outstanding options and SARs granted under the 2025 Plan; (iii) the
kind, number and purchase price of common shares, or the amount of cash or amount or type of property, subject to outstanding restricted
shares, RSUs and other share-based awards granted under the 2025 Plan; and (iv) the terms and conditions of any outstanding awards (including
any applicable performance targets). Equitable substitutions or adjustments other than