Document:

Exhibit 10.1

 

FIRST AMENDMENT TO

AMENDED FIVE PERCENT (5%) CONVERTIBLE
NOTE DATED SEPTEMBER 19, 2014

(Originally dated June 13, 2014)

 

THIS FIRST AMENDMENT
to Amended Five Percent (5%) Convertible Note dated September 19, 2014 (originally dated June 13, 2014) issued by Eurocan Holdings
Ltd. (now known as Eastside Distilling, Inc.) to Crystal Falls Investments, LLC in the principal amount of $150,000 (the “First
Amendment”) is made and entered into as of July 24, 2015, by and among Eastside Distilling, Inc. (f/k/a Eurocan Holdings,
Ltd.), a Nevada corporation (the “Company”), and Crystal Falls Investments, LLC (“Holder”). The
Company and Holder are sometimes collectively referred to herein as the “Parties” or individually as a "Party".

 

RECITALS

 

WHEREAS, on
June 13, 2014, the Company issued Holder a 5% Note in the amount of $150,000, the terms of which were amended on September 19,
2014 pursuant an Amended Five Percent Convertible Note (as amended, the “Note”). The Note is incorporated into
this First Amendment by this reference and all defined terms in the Agreement shall have the same meaning in this First Amendment.

 

WHEREAS, the
Maturity Date under the Note was June 13, 2015.

 

WHEREAS, the
Parties desire to extend the Maturity Date under the Note until December 13, 2015.

 

WHEREAS, the
Parties now wish to modify and amend the Note in accordance with this First Amendment.

 

NOW, THEREFORE,
in consideration of the foregoing, and for other good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, the Parties hereto agree as follows:

 

AGREEMENT

 

1.      Incorporation
of Recitals. The Recitals set forth above are herein incorporated into this First Amendment.

 

2.      Extension
of Maturity Date. The Parties hereby agree that the Maturity Date set forth in the Note is hereby extended until
December 13, 2015. Accordingly, the Note is hereby amended by deleting the reference to “June 13, 2015” immediately
before the defined term “Maturity Date” in the paragraph beginning “FOR VALUE RECEIVED” on the first page
of the Note and inserting “December 13, 2015” in lieu thereof.

 

3.      Counterparts.
This First Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument.

 

 

    

     

    

 

IN WITNESS WHEREOF,
the Parties hereto, intending to be legally bound, have each executed this First Amendment on the dates set forth above.

 

 

	COMPANY:	EASTSIDE DISTILLING, INC.
	 	f/k/a Eurocan Holdings Ltd.
	 	 
	 	 
	 	By: 	/s/ Steven Earles
	 	Name:	Steven Earles
	 	Title:	Chief Executive Officer
	 	 	 

 

	HOLDER:	CRYSTAL FALLS INVESTMENTS, LLC
	 	 
	 	 
	 	By: 	/s/ Ashvin Mascarenhas
	 	Name:	Ashvin Mascarenhas
	 	Title:	ManagerExhibit 10.2

 

First Amendment
to

Employment
AGREEMENT

 

This First Amendment
to Employment Agreement (the “First Amendment”), effective as of August 10, 2015, is between Eastside Distilling,
Inc., a Nevada corporation (the “Company”), and Steven Earles (the “Executive”).

 

A.                Effective February
6, 2015, the Company and the Executive entered into an Employment Agreement (the “Agreement”) pursuant to which
the Executive agreed to provide certain services to the Company. The Agreement is incorporated into this First Amendment by this
reference and all defined terms in the Agreement shall have the same meaning in this First Amendment.

 

B.                The parties now
wish to modify and amend the Agreement in accordance with this First Amendment.

 

The parties, each intending
to be legally bound, agree as follows:

 

1.                 
Section 1 of the Agreement shall be amended in its entirety to read as follows:

 

“(a)             In consideration
for Executive’s performance of Executive’s duties and responsibilities with the Company, the Company shall pay to Executive,
a base salary of $245,000 per annum (the “Base Salary”). Executive will be paid in bi-weekly installments pursuant
to the Company’s normal payroll policies.”

 

2.                 
This First Amendment shall be deemed a modification of the Agreement in accordance with Section 11(h) of the Agreement.
Except as specifically modified hereby, the Agreement shall be deemed controlling and effective, and the parties hereby remake
and confirm each of the representations and warranties of the Agreement and agree to be bound by each of its terms and conditions.

 

3.                 
This First Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument.

 

 

 

 

[Signature Page Follows]

 

     

     

    

 

 

The Company and the
Executive have duly executed this First Amendment as of the date first above written.

 

 

EASTSIDE
DISTILLING, INC.

 

 

By: /s/
Martin Kunkel                          

Name: Martin
Kunkel

Title: Secretary

 

 

STEVEN
EARLES

 

 

/s/ Steven
Earles                                    

Name: Steven
Earles

 

 

 

 

[Signature Page to First Amendment to
Employment Agreement]Exhibit 10.3

 

First Amendment
to

Employment
AGREEMENT

 

This First Amendment
to Employment Agreement (the “First Amendment”), effective as of August 10, 2015, is between Eastside Distilling,
Inc., a Nevada corporation (the “Company”), and Martin Kunkel (the “Executive”).

 

A.               Effective February
6, 2015, the Company and the Executive entered into an Employment Agreement (the “Agreement”) pursuant to which
the Executive agreed to provide certain services to the Company. The Agreement is incorporated into this First Amendment by this
reference and all defined terms in the Agreement shall have the same meaning in this First Amendment.

 

B.                The parties now
wish to modify and amend the Agreement in accordance with this First Amendment.

 

The parties, each intending
to be legally bound, agree as follows:

 

1.                 
Section 1 of the Agreement shall be amended in its entirety to read as follows:

 

“(a)             In consideration
for Executive’s performance of Executive’s duties and responsibilities with the Company, the Company shall pay to Executive,
a base salary of $104,000 per annum (the “Base Salary”). Executive will be paid in bi-weekly installments pursuant
to the Company’s normal payroll policies.”

 

2.                 
This First Amendment shall be deemed a modification of the Agreement in accordance with Section 11(h) of the Agreement.
Except as specifically modified hereby, the Agreement shall be deemed controlling and effective, and the parties hereby remake
and confirm each of the representations and warranties of the Agreement and agree to be bound by each of its terms and conditions.

 

3.                 
This First Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument.

 

 

 

 

[Signature Page Follows]

 

     

     

    

 

 

The Company and the
Executive have duly executed this First Amendment as of the date first above written.

 

EASTSIDE
DISTILLING, INC.

 

 

By: /s/
Steven Earles                            

Name: Steven
Earles

Title: CEO

 

 

MARTIN
KUNKEL

 

/s/ Martin
Kunkel                                  

Name: Martin
Kunkel

 

 

 

[Signature Page to First Amendment to
Employment Agreement]EXHIBIT 102

		

			Exhibit 10.2

		

		

			 

		

		
			 
		

		
			 
		

		
			STORE MASTER FUNDING I, LLC
		

		
			as an Issuer,
		

		
			 
		

		
			STORE MASTER FUNDING II, LLC
		

		
			as an Issuer,
		

		
			 
		

		
			STORE MASTER FUNDING III, LLC
		

		
			as an Issuer,
		

		
			 
		

		
			STORE MASTER FUNDING IV, LLC
		

		
			as an Issuer,
		

		
			 
		

		
			STORE MASTER FUNDING V, LLC
		

		
			as an Issuer,
		

		
			 
		

		
			STORE MASTER FUNDING VI, LLC
		

		
			as an Issuer,
		

		
			 
		

		
			and 
		

		
			 
		

		
			EACH JOINING PARTY
		

		
			each, as an Issuer,
		

		
			 
		

		
			STORE CAPITAL CORPORATION
		

		
			as Property Manager and Special Servicer,
		

		
			 
		

		
			MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION
		

		
			as Back-Up Manager
		

		
			 
		

		
			and
		

		
			 
		

		
			CITIBANK, N.A.,
		

		
			not individually but solely as Indenture Trustee
		

		
			 
		

		
			 
		

		
			FIRST AMENDMENT TO THE
		

		
			FOURTH AMENDED AND RESTATED PROPERTY MANAGEMENT AND SERVICING AGREEMENT
		

		
			 
		

		
			Effective as July 10, 2015
		

		
			__________________________
		

		
			Net-Lease Mortgage Notes
		

		
			 
		

		
			 
		

		
			FIRST AMENDMENT TO THE
		

		
			FOURTH AMENDED AND RESTATED PROPERTY MANAGEMENT AND SERVICING AGREEMENT
		

		
			 
		

		
			This First Amendment to the Fourth Amended and Restated Property Management and Servicing Agreement is effective as of July 10, 2015 and is made among STORE Master Funding I, LLC, as an issuer (an “Issuer”), STORE Master Funding II, LLC, as an issuer (an “Issuer”), STORE Master Funding III, LLC, as an issuer (an “Issuer”), STORE Master Funding IV, LLC, as an issuer (an “Issuer”), STORE Master Funding V, LLC, as an issuer (an “Issuer”), STORE Master Funding VI, LLC, as an issuer (an “Issuer”), each Joining Party, each as an issuer (each, an “Issuer”), STORE Capital Corporation, a Maryland corporation, as property manager and special servicer (together with its successors in such capacities, the “Property Manager” and “Special Servicer,” respectively), Citibank, N.A., not individually but solely as indenture trustee (together with its successors in such capacity, the “Indenture Trustee”) and Midland Loan Services, a division of PNC Bank, National Association, as Back-Up Manager (together with its successors in such capacity, the “Back-Up Manager”) (collectively, the “Parties”). Any capitalized term used herein and not otherwise defined shall have the meaning ascribed to such term in the Fourth Amended and Restated Property Management Agreement (as hereinafter defined).
		

		
			RECITALS
		

		
			WHEREAS, STORE Master Funding I, STORE Master Funding II, STORE Master Funding III, STORE Master Funding IV, STORE Master Funding V, the Property Manager, the Special Servicer, the Indenture Trustee and the Back-up Manager, entered into the Fourth Amended and Restated Property Management and Servicing Agreement, dated April 16, 2015 (the “Fourth Amended and Restated Property Management Agreement”); and
		

		
			WHEREAS, the Parties hereto wish to amend certain provisions in the Fourth Amended and Restated Property Management Agreement as further described in this Amendment. 
		

		
			AGREEMENT
		

		
			NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree to amend the Fourth Amended and Restated Property Management Agreement as follows:
		

		
			1.Definitions.  The definition of “Back-Up Fee Rate” is hereby deleted in its entirety and replaced with the following definition:
		

		
			“Back-Up Fee Rate”:  With respect to each Property, a monthly rate equal to the product of (i) one-twelfth and (ii) 0.010%.
		

		
			 
		

		
			 
		

		

		

		 

 

		

			 

		

		

			 

		

		

			 

		

		2.Effectiveness.  The parties hereto acknowledge and agree that the effectiveness of this modification to the Back-Up Fee Rate will begin with the period relating to the July 2015 Payment Date. 
		

		
			3.Ratification.  Except as expressly stated herein, the Fourth Amended and Restated Property Management Agreement shall remain in full force and effect.  If there is any conflict between the Fourth Amended and Restated Property Management Agreement and the terms of this Amendment, the terms of this Amendment shall control.
		

		
			IN WITNESS WHEREOF, the Issuers, the Property Manager and Special Servicer, the Back-Up Manager and the Indenture Trustee have caused this Agreement to be duly executed by their respective officers or representatives all as of the day and year first above written.
		

			
					
						STORE CAPITAL CORPORATION,

					
						a Maryland corporation, as

					
						Property Manager and Special Servicer

					
						 

				
	
					
						By:  /s/ Michael J. Zieg

					
						       Michael J. Zieg

					
						       Executive Vice President

				
	
					
						 

				
	
					
						STORE MASTER FUNDING I, LLC,

					
						a Delaware limited liability company, as Issuer

					
						 

				
	
					
						By:  /s/ Michael J. Zieg

					
						       Michael J. Zieg

					
						       Executive Vice President

				
	
					
						 

					
						STORE MASTER FUNDING II, LLC,

					
						a Delaware limited liability company, as Issuer

					
						 

				
	
					
						By:  /s/ Michael J. Zieg

					
						       Michael J. Zieg

					
						       Executive Vice President

					
						 

				
	
					
						STORE MASTER FUNDING III, LLC,

					
						a Delaware limited liability company, as Issuer

					
						 

				
	
					
						By:  /s/ Michael J. Zieg

					
						       Michael J. Zieg

					
						       Executive Vice President

				

		 

		

			First Amendment to the Fourth Amended and Restated Property Management Agreement - STORE 2015-1

		

 

		

			 

		

		

			 

		

		

			 

		

			
					
						 

					
						 

					
						 

					
						 

					
						STORE MASTER FUNDING IV, LLC,

					
						a Delaware limited liability company, as Issuer

					
						 

				
	
					
						By:  /s/ Michael J. Zieg

					
						       Michael J. Zieg

					
						       Executive Vice President

				
	
					
						 

					
						STORE MASTER FUNDING V, LLC,

					
						a Delaware limited liability company, as Issuer

					
						 

				
	
					
						By:  /s/ Michael J. Zieg

					
						       Michael J. Zieg

					
						       Executive Vice President

				
	
					
						 

					
						STORE MASTER FUNDING VI, LLC,

					
						a Delaware limited liability company, as Issuer

					
						 

				
	
					
						By:  /s/ Michael J. Zieg

					
						       Michael J. Zieg

					
						       Executive Vice President

				

		

		

		 

		

			First Amendment to the Fourth Amended and Restated Property Management Agreement - STORE 2015-1

		

 

		

			 

		

		

			 

		

		

			 

		

		
		

			
					
						CITIBANK, N.A., not in its individual capacity but solely as Indenture Trustee

					
						 

					
						By:  /s/ John Hannon

					
						       John Hannon

					
						       Vice President

					
						       Authorized Signatory

				
	
					
						 

				

		

		

		 

		

			First Amendment to the Fourth Amended and Restated Property Management Agreement - STORE 2015-1

		

 

		

			 

		

		

			 

		

		

			 

		

		
		

			
					
						 

					
						 

					
						MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION, 

					
						as Back-Up Manager

					
						    

					
						By:  /s/ Cynthia A. Bicknell

					
						       Cynthia A. Bicknell

					
						       Senior Vice President

				

		
			 
		

		

		

		 

		

			First Amendment to the Fourth Amended and Restated Property Management Agreement - STORE 2015-1

		

 

		

			 

		

		STATE OF ARIZONA)
		

		
			)ss.:
		

		
			COUNTY OF MARICOPA)
		

		
			On the 7 day of July, 2015, before me, a notary public in and for said State, personally appeared Michael J. Zieg, known to me to be the Executive Vice President of STORE MASTER FUNDING I, LLC, and also known to me to be the person who executed it on behalf of such entity, and acknowledged to me that such entity executed the within instrument.
		

		
			IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.
		

		
			/s/ Susan M. Fitzgerald
Notary Public
		

		
			 
		

		
			[Notarial Seal]
		

		

		

		 

		

			First Amendment to the Fourth Amended and Restated Property Management Agreement - STORE 2015-1

		

 

		

			 

		

		

			 

		

		

			 

		

		STATE OF ARIZONA)
		

		
			)ss.:
		

		
			COUNTY OF MARICOPA)
		

		
			On the 7 day of July, 2015, before me, a notary public in and for said State, personally appeared Michael J. Zieg, known to me to be the Executive Vice President of STORE MASTER FUNDING II, LLC, and also known to me to be the person who executed it on behalf of such entity, and acknowledged to me that such entity executed the within instrument.
		

		
			IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.
		

		
			/s/ Susan M. Fitzgerald
Notary Public
		

		
			 [Notarial Seal]
		

		

		

		 

		

			First Amendment to the Fourth Amended and Restated Property Management Agreement - STORE 2015-1

		

 

		

			 

		

		

			 

		

		

			 

		

		STATE OF ARIZONA)
		

		
			)ss.:
		

		
			COUNTY OF MARICOPA)
		

		
			On the 7 day of July, 2015, before me, a notary public in and for said State, personally appeared Michael J. Zieg, known to me to be the Executive Vice President of STORE MASTER FUNDING III, LLC, and also known to me to be the person who executed it on behalf of such entity, and acknowledged to me that such entity executed the within instrument.
		

		
			IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.
		

		
			/s/ Susan M. Fitzgerald
Notary Public
		

		
			[Notarial Seal]
		

		

		

		 

		

			First Amendment to the Fourth Amended and Restated Property Management Agreement - STORE 2015-1

		

 

		

			 

		

		

			 

		

		

			 

		

		STATE OF ARIZONA)
		

		
			)ss.:
		

		
			COUNTY OF MARICOPA)
		

		
			On the 7 day of July, 2015, before me, a notary public in and for said State, personally appeared Michael J. Zieg, known to me to be the Executive Vice President of STORE MASTER FUNDING IV, LLC, and also known to me to be the person who executed it on behalf of such entity, and acknowledged to me that such entity executed the within instrument.
		

		
			IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.
		

		
			/s/ Susan M. Fitzgerald
Notary Public
		

		
			[Notarial Seal]
		

		

		

		 

		

			First Amendment to the Fourth Amended and Restated Property Management Agreement - STORE 2015-1

		

 

		

			 

		

		

			 

		

		

			 

		

		
		

		
			STATE OF ARIZONA)
		

		
			)ss.:
		

		
			COUNTY OF MARICOPA)
		

		
			On the 7 day of July, 2015, before me, a notary public in and for said State, personally appeared Michael J. Zieg, known to me to be the Executive Vice President of STORE MASTER FUNDING V, LLC, and also known to me to be the person who executed it on behalf of such entity, and acknowledged to me that such entity executed the within instrument.
		

		
			IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.
		

		
			/s/ Susan M. Fitzgerald
Notary Public
		

		
			[Notarial Seal]
		

		
			 
		

		

		

		 

		

			First Amendment to the Fourth Amended and Restated Property Management Agreement - STORE 2015-1

		

 

		

			 

		

		

			 

		

		

			 

		

		
		

		
			STATE OF ARIZONA)
		

		
			)ss.:
		

		
			COUNTY OF MARICOPA)
		

		
			On the 7 day of July, 2015, before me, a notary public in and for said State, personally appeared Michael J. Zieg, known to me to be the Executive Vice President of STORE MASTER FUNDING VI, LLC, and also known to me to be the person who executed it on behalf of such entity, and acknowledged to me that such entity executed the within instrument.
		

		
			IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.
		

		
			/s/ Susan M. Fitzgerald
Notary Public
		

		
			 [Notarial Seal]
		

		
			 
		

		
			 
		

		

		

		 

		

			First Amendment to the Fourth Amended and Restated Property Management Agreement - STORE 2015-1

		

 

		

			 

		

		STATE OF NEW YORK)
		

		
			)ss.:
		

		
			COUNTY OF NEW YORK)
		

		
			On the 1st day of July, 2015, before me, a notary public in and for said State, personally appeared John Hannon, known to me to be the Vice President of CITIBANK, N.A., and also known to me to be the person who executed it on behalf of such entity, and acknowledged to me that such entity executed the within instrument.
		

		
			IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.
		

		
			/s/ Noreen Santos
Notary Public
		

		
			 
		

		
			[Notarial Seal]
		

		
			 
		

		

		

		 

		

			First Amendment to the Fourth Amended and Restated Property Management Agreement - STORE 2015-1

		

 

		

			 

		

		STATE OF ARIZONA)
		

		
			)ss.:
		

		
			COUNTY OF MARICOPA)
		

		
			On the 7 day of July, 2015, before me, a notary public in and for said State, personally appeared Michael J. Zieg, known to me to be the Executive Vice President of STORE CAPITAL CORPORATION, and also known to me to be the person who executed it on behalf of such entity, and acknowledged to me that such entity executed the within instrument.
		

		
			IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.
		

		
			 
		

		
			/s/ Susan M. Fitzgerald
Notary Public
		

		
			 
		

		
			[Notarial Seal]
		

		
			 
		

		

		

		 

		

			 

		

		

			First Amendment to the Fourth Amended and Restated Property Management Agreement - STORE 2015-1

		

		

			 

		

 

		

			 

		

		STATE OF KANSAS)
		

		
			)ss.:
		

		
			COUNTY OF JOHNSON)
		

		
			On the 1st day of July, 2015, before me, a notary public in and for said State, personally appeared Cynthia A. Bicknell,  known to me to be the Senior Vice President of MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION, and also known to me to be the person who executed it on behalf of such entity, and acknowledged to me that such entity executed the within instrument.
		

		
			IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.
		

		
			/s/ Brent Kinder
Notary Public
		

		
			 
		

		
			[Notarial Seal]
		

		
			 
		

		 

		

			 

		

		

			First Amendment to the Fourth Amended and Restated Property Management Agreement - STORE 2015-1

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