Company: BLNE
Filing Date: 2025-02-05
Form Type: DEF 14A
Source: 0001493152-25-005006
Chunk: 361

Company: Beeline Holdings, Inc.
Filing Date: 2025-02-05
Form: DEF 14A
Chunk 361
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 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 be applied to all Holders’ Shares then outstanding on a pro rata basis in accordance with each such Holders’                 
 pro rata percentage of the Holders’ Shares then outstanding as of the applicable date in question. In no event shall more than            
 70,000,000 additional shares of Common Stock be issuable pursuant to this Section 5(e)(i) (the “Capped Amount”).                          |

| C-9 |

| (ii)  | Holdback by                                                                                                                                     
 the Holders. For a period of one year from the Initial Issuance Date, a number of Holders’ Shares representing 10% of the shares                
 of Common Stock underlying the Holders’ Shares as of the Initial Issuance Date (the “Holdback Shares”), and                                     
 such underlying shares of Common Stock, shall be subject to lock-up restrictions and shall not be sold, transferred or otherwise encumbered     
 by the Holders (the “Holdback Amount”). On the expiration of such one-year period, if the number of Measuring Shares                            
 issued and outstanding on a fully-diluted basis exceeds the Maximum Amount, the Holdback Shares shall be released and may be issued upon        
 conversion. If as of such date the number of Measuring Shares issued and outstanding on a fully-diluted basis is less than the Maximum          
 Amount, the shares of Common Stock issuable upon conversion of the Holders’ Shares pursuant to the adjustments set forth in this                
 Section 5(e) shall be reduced pro rata so as to preserve the 82.5% ratio of the Holders’ Shares to the Measuring Shares. Provided,              
 however, such reduction may not exceed the Holdback Amount. This Section 5(e)(ii) shall apply pro rata to the Holders of the Holders’           
 Shares as of such date.                                                                                                                         |
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| (iii) | Monitor of Stated                                                                                                                               
 Percentage; Notice to Holders. Within 30