Company: BLNE
Filing Date: 2025-01-17
Form Type: PRE 14A
Source: 0001493152-25-002779
Chunk: 363

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-17
Form: PRE 14A
Chunk 363
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 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).

(e) Adjustment for Stated Percentage.

| (i) | The aggregate combined                                                                                                                    
 percentage of the shares of Common Stock underlying the Preferred Shares, together with the shares of Series F-1 Convertible Preferred    
 Stock of the Company (the “Series F-1,” and together with the Preferred Shares, the “Holders’ Shares”)                                    
 which were issued or are issuable pursuant to the Merger Agreement, represent 82.5% of the issued and outstanding Common Stock on a fully 
 diluted basis, after giving effect to full conversions of the Holders’ Shares without giving effect to any limitations on conversions     
 applicable to the Holders’ Shares (such percentage, the “Stated Percentage”). From (i) the shares of Common                               
 Stock issued and outstanding as of the Initial Issuance Date, (ii) shares of Common Stock issuable upon conversion of Series B, Series    
 C, Series D, and Series E Convertible Preferred Stock, (iii) shares of Common Stock issuable upon conversion of securities issued in      
 connection with an initial financing of at least $1,500,000 and not to exceed $3,250,000, and (iv) securities issuable to settle alleged  
 liabilities of the Company existing as of the Initial Issuance Date whether known or unknown to the Company (such shares of Common Stock  
 issued or issuable under clauses (i), (ii), (ii) and (iv) are defined as the “Measuring Shares”), there can be no                         
 more than 14,848,485 shares of Common Stock which may be issued or issuable without adjustment under this Section 5(e) (the “Maximum      
 Amount”). For a period of two years following the Initial Issuance Date, if the number of Measuring Shares exceeds the Maximum            
 Amount, the Conversion Rate shall be appropriately adjusted by reducing the Conversion Price resulting in an increase of the number of    
 shares of Common Stock underlying the Holders’ Shares in manner necessary to preserve the 82.5% ratio of the Holders’ Shares              
 to the Measuring Shares. The adjustments set forth herein and the resulting increase in shares of Common Stock underlying the Holders’    
 Shares shall