Company: BLNE
Filing Date: 2025-01-03
Form Type: S-1/A
Source: 0001493152-25-000284
Chunk: 201

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-03
Form: S-1/A
Chunk 201
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     |        | 100,000 |
| Total |     | $      | 300,000 |

LOANS PAYABLE

In 2022, Beeline received $ 100,000from Capital Markets Group in the form of a loan payable. This loan is currently past due. Default interest is accruing at 24% per annum. As of December 31, 2023 and 2022, the balance due is $ 60,244and $ 100,000, respectively. The balance of the loan was paid in full on June 6, 2024.

In March 2023, Beeline received $ 30,000from an individual in the form of a loan payable. Interest accrues at 7% per annum. At December 31, 2023, the balance due is $ 31,755. This loan was subsequently reclassified as a Convertible Notes when a convertible note agreement was signed by the lender in March 2024.

LOANS PAYABLE – RELATED PARTY

In July 2023, Beeline received $ 75,000from Fluid Capital in the form of a loan payable. Interest accrues at 12.25%. per annum. This note is due April 2024. At December 31, 2023 the balance due is $ 78,826. Beeline was granted an extension on this note until year end 2024.

In September 2023, Beeline entered into a loan for $ 357,400and in December 2023, another loan for $ 142,600from Manta Reef (Gulp Data). Interest accrues at 18% per annum. Interest-only payments are made monthly. These loans are due December 2024. At December 31, 2023, the balance due on these loans is $ 587,529.

In November 2023, Beeline received $ 157,500from American Heritage Lending in the form of a loan payable. Interest accrues at 12% per annum. This loan was paid in March 2024. At December 31, 2023, the balance due is $ 161,280.

An officer, director, and shareholder lends money to Beeline throughout the year in the form of loans payable. Interest accrues at 7% per annum and is due on demand. At December 31, 2023, the balance due is $ 222,544.

| F-69 |

Beeline Financial Holdings,