Company: BLNE
Filing Date: 2025-01-17
Form Type: PRE 14A
Source: 0001493152-25-002779
Chunk: 337

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-17
Form: PRE 14A
Chunk 337
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 Pro Rata Distributions. During such time as the Preferred Shares are outstanding, if the Company declares or makes any dividend or other distribution of its assets (or rights to acquire its assets) to holders of shares of Common Stock, by way of return of capital or otherwise (including, without limitation, any distribution of cash, stock or other securities, property or options by way of a dividend, spin off, reclassification, corporate rearrangement, scheme of arrangement or other similar transaction) (a “ Distribution”), then, in each such case, each Holder shall be entitled to participate in such Distribution to the same extent that such Holder would have participated therein if such Holder had held the number of shares of Common Stock acquirable upon complete conversion of the Holder’s Preferred Shares (without regard to any limitations on conversion hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the date of which a record is taken for such Distribution, or, if no such record is taken, the date as of which the record holders of shares of Common Stock are to be determined for the participation in such Distribution ( provided, however, to the extent that any Holder’s right to participate in any such Distribution would result in such Holder exceeding the Beneficial Ownership Limitation, then such Holder shall not be entitled to participate in such Distribution to such extent (or in the beneficial ownership of any shares of Common Stock as a result of such Distribution to such extent) and the portion of such Distribution shall be held in abeyance for the benefit of such Holder until such times, not in excess of 12 months, as its right thereto would not result in such Holder exceeding the Beneficial Ownership Limitation).

| B-10 |

(e) Adjustment for Stated Percentage.

| B-11 |

| (iii) | Monitor                                                                                                                                 
 of Stated Percentage; Notice to Holders. Within 30 days following the end of each calendar quarter for a period of two years            
 from the Initial Issuance Date the Board of Directors of the Company shall determine whether the number of Measuring Shares has been    
 increased or reduced in the preceding calendar quarter. To the extent that the number of Measuring Shares results in a reduction        
 of the Capped Amount as a result of conversions of or changes in the Series E Convertible Preferred Stock, the Company shall publicly   
 disclose such change and notify the Holders in writing of any such change, which notice shall include in writing the calculations,      
 factual matters to which they relate, and the results thereof. In addition,