Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 424

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1B
Chunk 424
---
 2025.

Aegis Security Insurance Company

On October 7, 2022, the Company entered into a Note
Purchase Agreement with Aegis. Pursuant to the Note Purchase Agreement, Aegis purchased from the Company a secured promissory note in
the principal amount of $4.5 million (the “Aegis Note”). $3.3 million of the purchase price was paid to TQLA, LLC to satisfy
a Note purchased from TQLA earlier in 2022. See Note 19 Stockholders’ Equity: 2023 Debt Satisfaction Agreement. Patrick Kilkenny is the principal
owner of Aegis. TQLA LLC is owned by Stephanie Kilkenny, a member of the Company’s Board of Directors, and her husband, Patrick
Kilkenny.

LD Investments LLC and Aegis Security Insurance
Company

On September 29, 2023, the Company entered into a
Secured Promissory Note with LDI in the principal amount of $1.4 million, representing advances made by LDI to the Company between December
2022 and August 2023. Patrick Kilkenny is the principal owner of LDI. Patrick Kilkenny is the spouse of Stephanie Kilkenny, a member of
the Company’s Board of Directors.

On September 29, 2023, the Company entered into the
DSA with LDI, Aegis Security Insurance Company (of which Patrick Kilkenny is the principal owned) and other creditors. See Note 19
– Stockholders’ Equity: Debt Satisfaction Agreement. The entire principal and interest on the LDI Note were exchanged
for equity issued to the SPV, in which LDI holds a 21% interest.

2024 Secured Notes

During February 2024, LDI advanced the Company $0.6
million. On May 16, 2024, the Company entered into a Loan Agreement with LDI, see: Note 16 - Secured Credit Facilities: 2024 Secured
Notes.

Other Related Parties

During December 2024, Mr. Liuzza purchased 1,960,784 shares of Series G
Preferred Stock and five-year Warrants to purchase a total of 98,040 shares of common stock for total gross proceeds of $1.0 million,
see Note 25 – Subsequent Events for additional purchases.

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