Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 30

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 30
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 of these third parties may have a material adverse
effect on its results of operations.

To grow its customer base and business
Beeline relies on relationships with third-party partnerships and other commercial vendors, including services to help Beeline close loans
and for capital markets analytics. Beeline also requires the use of such third-party partnerships and vendors to engage and attract customers
and originate mortgages. If Beeline is unable to grow its third-party partners and relationships with vendors, it may be unable to grow
its business. Further, if Beeline’s current third-party partnerships and vendors were to stop providing services to it on acceptable
terms or at all, or if Beeline’s commercial partners were to terminate their relationships with it, Beeline may be unable to procure
alternatives in a timely and efficient manner and on acceptable terms, or at all. Beeline may incur significant costs to resolve any such
disruptions in services or the loss of commercial partnerships, and this could materially and adversely affect its business, financial
condition, and results of operations. Further, any loss of third-party partnerships and vendors may decrease Beeline’s customer
base or inhibit its ability to gain new customers and disrupt its existing business operations. Beeline’s third-party partners and
vendors may also choose to cease doing business with it and instead do business with its competitors.

Beeline is also subject to regulatory
risks associated with all of the above relationships, including changes in law or interpretations of law that could result in increased
scrutiny of these relationships, require restructuring of these relationships, and/or diminish the value of these relationships.

If Beeline loses the services
of the vendor that provides it with loan origination or customer relationship management software, its short-term results of operations
will be materially and adversely affected.

Beeline licenses loan origination
software and customer relationship management software from privately-held third-parties. If those parties were to cease providing platform
services to Beeline, Beeline would be required to obtain software from another party, which could be on more expensive terms. Further,
the integration of another loan origination software product would entail technical challenges and expenses and generally be disruptive
to operations. If Beeline was cut off without notice, such disruption could also negatively impact borrowers with loans at various points
of the process. This could lead to liability to Beeline if borrowers end up with financial loss. As a result, our short-term results of
operations would be materially and adversely affected.

21

Because Beeline depends on its
ability to sell