Company: BLNE
Filing Date: 2025-04-28
Form Type: 10-K/A
Source: 0001641172-25-006441
Chunk: 19

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-28
Form: 10-K/A
Chunk 19
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31, 2024,
Nicholas R. Liuzza, Jr., the Chief Executive Officer and a director of the Company, loaned $700,000 to Beeline Loans Inc. (“Beeline
Loans”), an indirect subsidiary of the Company, and in exchange Beeline Loans issued Mr. Liuzza a demand promissory note in the
aggregate principal amount of $700,000, which accrues interest at the rate of 8% per annum and is payable within 15 days of demand notice
made by Mr. Liuzza. The funds were lent to permit Beeline Loans to increase its ability to make real estate loans and are being held in
a restricted account and are not being used for operations. In February 2025, the $700,000 was converted into $700,000 of units comprised
of comprised of 1,372,549 shares of Series G and accompanying warrants to purchase a total of 68,628 shares of common stock.

In March 2025, Mr. Liuzza
loaned the Company a total of $74,600 which the Company used for working capital and general corporate purposes. In exchange, the Company
issued Mr. Liuzza a promissory note which bears interest at a rate of 8% per annum and is payable on demand.

In February and March 2025, Mr. Liuzza also advanced the Company $222,241, which the Company used for working capital
and general corporate purposes. In exchange, the Company issued Mr. Liuzza a promissory note which bears interest at a rate of 8% per
annum and is payable on demand.

Form December 2024 through
March 2025, Mr. Liuzza. purchased a total of 7,641,488 shares of Series G (convertible into and 764,149 shares of common stock) and accompanying
warrants to purchase 382,077 shares of common stock for a total purchase price of $3,897,159.

Other Related Parties

Jessica Kennedy, Chief
Operating Officer, owns a 5% interest in Tower Title, which is a vendor to certain subsidiaries of Beeline.

Jay Stockwell (a Beeline
co-founder and the MagicBlocks CEO) owns an equity interest in SpeedPPC Pty. Ltd., which provides marketing services to Beeline and certain
of its subsidiaries.

Beeline Loans, Inc.,
a Beeline Financial subsidiary, is a member of The Mortgage Collaborative