Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 1030

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 6
Chunk 1030
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30, 2024, the Company entered into a promissory
note with LDI for $0.3 million. A balloon payment of the entire outstanding principal balance of the indebtedness together with all accrued
interest was due and paid in full on November 24, 2024 of $0.5 million.

In July 2023, the Company issued a note to a private company in
which Joseph Freedman, a Board member of the Company, has an ownership interest. This note was for $0.1 million and accrued interest at
7% per annum and is due on demand. This note was subsequently repaid in January 2025, see Note 25 – Subsequent Events.

On April 1, 2021, Eastside entered into a promissory
note of $0.1 million with Robert Grammen, a former Board member of the Company, bearing interest of 6.0%. The note had an original maturity
of April 2024. Accrued interest was paid in accordance with a monthly amortization schedule. This note was converted or exchanged as part
of the Debt Exchange Agreement on October 7, 2024, further described above in Note 5 - Debt Exchange Agreement.

16. SECURED CREDIT FACILIITES

Secured credit facilities consisted of the following
as of December 31:

SCHEDULE OF SECURED CREDIT FACILITES 

    (Dollars in thousands) 
    2024 
     
    2023

    Purchase agreement 
    $1,938 
     
    $
     -

    Side letter 
     448 

    -

    2024 secured notes 
     - 

    -

    Note purchase agreement 
     - 

    -

    6% Secured convertible promissory notes 
     - 

    399

    Total 
     2,386 

    399

    Accrued interest 
     - 

    10

    Debt discount 
     (1,073)

    (67
    )
  
    Total secured credit facilities, net 
    $1,313 
     
    $
    342

Purchase Agreement

On November 14, 2024, the Company
sold $1.9
million in aggregate principal amount of Senior Secured Notes (the “Notes”) and Pre-Funded Warrants to purchase a total
of 36,360
shares of common stock