Company: BLNE
Filing Date: 2025-02-05
Form Type: DEF 14A
Source: 0001493152-25-005006
Chunk: 256

Company: Beeline Holdings, Inc.
Filing Date: 2025-02-05
Form: DEF 14A
Chunk 256
---
,000,000 of unamortized debt discount recorded which will be written off to loss on debt extinguishment. Additionally, the Company
will expense the $300,000 increase in principal balance and record a loss on debt extinguishment.

Sale of Common Stock

Subsequent to September 30, 2024 through the date of this report, Beeline sold 327,880 shares of common stock for proceeds of $491,761, or $1.50per share.

Merger Agreement

On September 4, 2024, the Company entered into the Merger Agreement with the Merger Sub and Eastside Distilling, Inc. (“Eastside”). On October 7, 2024, the parties executed Amendment No. 1 to the Merger Agreement.

On October 7, 2024, immediately after the closing under the Debt Agreement, a closing was held pursuant to the Merger Agreement (the “Merger Closing”). Beeline merged into Merger Sub and became a wholly-owned subsidiary of Eastside, with the name of the surviving subsidiary being changed to Beeline Financial Holdings, Inc. In the Merger, the shareholders of Beeline gained the right to receive a total of 69,482,229 shares of Eastside’s Series F Preferred Stock and a total of 517,775 shares of Eastside’s Series F-1 Preferred Stock. In addition, each option to purchase shares of Beeline common stock outstanding at the time of the Merger was converted into an option to purchase shares of Eastside’s common stock measured by the same ratio.

| F-103 |

<div align='center'>ANNEX A — MERGER AGREEMENT AND AMENDMENT NO. 1 THERETO</div>

Execution Copy

<div align='center'>AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

BY AND AMONG

EASTSIDE DISTILLING, INC.

EAST ACQUISITION INC.,

AND

BEELINE FINANCIAL HOLDINGS, INC.

Dated as of September 4, 2024</div>

| A-1 |

<div align='center'>TABLE OF CONTENTS</div>

| MERGER                                    |       |                                                                                      |  1 |
|                                           |   1.1 | The                                                                                  
 Merger                                                                               |  1 |
|                                           |  1.2. | The                                                                                  
 Effective Time of the Merger                                                         |  2 |
|                                           |  1.3. |