Document:

Exhibit 4.3

 

AMENDMENT NO. 1

TO

COMMON STOCK PURCHASE WARRANT

OF 

EASTSIDE DISTILLING, INC.

 

June 30, 2016

 

WHEREAS, on April 4,
2016, Eastside Distilling, Inc., a Nevada corporation (the “Company”), issued to _______ (“Holder”)
that certain Common Stock Purchase Warrant (the “Warrant”) to purchase [number of warrant shares
originally issued (_________)] shares (“Warrant Shares”) of common stock, par value $0.0001 per share of the
Company (“Common Stock”) at an exercise price per share of $0.18, subject to adjustment as provided
in the Warrant (the “Exercise Price”); and

 

WHEREAS, the Company
and the Holder have determined that it is advisable and in their best interests to amend the Warrant, as provided herein.

 

NOW, THEREFORE, in
consideration of the foregoing and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged,
and intending to be legally bound hereby, the Company and the Holder hereby agree as follows:

 

1.          The
Warrant Exercise Price shall be reduced to $0.10.

 

2.          The
Warrant Shares that Holder is entitled to purchase under the Warrant shall be increased to [(13,332 shares) * (number of Units
purchased)] (_________) fully paid and non-assessable shares of Common Stock.

 

3.          The
undersigned is an “accredited investor,” as such term is defined in the Securities Act of 1933, as amended.

 

4.          The
Company and the Holder hereby acknowledge and agree that this Amendment No. 1 constitutes a valid amendment of the Warrant. This
Amendment No. 1 may be executed and delivered (including by facsimile or e-mail transmission) in any number of counterparts, and
by the different parties hereto in separate counterparts, each of which when executed and delivered shall be deemed to be an original
but all of which taken together shall constitute one and the same agreement. Except to the extent necessary to implement the change
set forth above, the Warrant shall remain unmodified and in full force and effect. This Amendment No. 1 shall be construed and
enforced in accordance with, and the rights of the parties shall be governed by, the laws of the State of Nevada, without giving
effect to the conflict of law provisions thereof.

 

     

     

    

 

IN WITNESS WHEREOF, the Company and the
Holder have caused this Amendment No. 1 to be signed on the date first set forth above.

 

	 	“COMPANY”
	 	 
	 	EASTSIDE DISTILING, INC.
	 	 
	 	By:	 
	 	Steven Earles, Chief Executive Officer
	 	 	 
	 	“HOLDER”
	 	 	 
	 	 	 
	 	[Name of Warrant Holder]

 

     2Exhibit 10.1

        

SUBSCRIPTION AGREEMENT 

 

THIS SUBSCRIPTION AGREEMENT (this “Agreement”),
dated as of June 30, 2016, by and among Eastside Distilling, Inc., a Nevada corporation (the “Company”), and
the subscribers identified on the signature page hereto (each a “Subscriber” and collectively “Subscribers”).

 

WHEREAS, the Company and the Subscribers
are executing and delivering this Agreement in reliance upon an exemption from securities registration afforded by the provisions
of Section 4(a)(2), Section 4(6) and/or Regulation D (“Regulation D”) as promulgated by the United States Securities
and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “1933
Act”).

 

WHEREAS, the parties desire that, upon
the terms and subject to the conditions contained herein, the Company shall issue and sell to the Subscribers, as provided herein,
and the Subscribers, in the aggregate, shall purchase up to Three Hundred Fifty Thousand Dollars ($350,000) (the “Purchase
Price”) of principal amount of promissory notes of the Company (“Note” or “Notes”),
a form of which is annexed hereto as Exhibit A, and share purchase warrants (the “Warrants”), in the
form annexed hereto as Exhibits B, to purchase shares of the Company’s common stock, par value $0.0001 per shares
(the “Warrant Shares”). The Notes, the Warrants, and the Warrant Shares are collectively referred to herein
as the “Securities.”

 

NOW, THEREFORE, in consideration of the
mutual covenants and other agreements contained in this Agreement the Company and the Subscribers hereby agree as follows:

 

1.           Conditions To Closing. Subject to
the satisfaction or waiver of the terms and conditions of this Agreement, on the Closing Date (as defined in Section 2), each Subscriber
shall purchase, and the Company shall sell to each Subscriber, a Note in the principal amount designated on the signature page
hereto. The aggregate amount of the Notes to be purchased by the Subscribers on the Closing Date shall, in the aggregate, be equal
to the Purchase Price.

 

2.           Closing Date. The “Closing
Date” shall be the date that Subscriber funds representing the amount due the Company from the Purchase Price of the
offer and sale of the Notes and Warrants is transmitted by wire transfer or otherwise to or for the benefit of the Company. The
consummation of the transactions contemplated herein for all Closings shall take place at the offices of the Company., 1805 SE
Martin Luther King Jr. Blvd. Portland, Oregon 97214, upon the satisfaction of all conditions to Closing set forth in this Agreement.

 

3.           Warrants.   On the
Closing Date, the Company will issue and deliver a Warrant to each Subscriber. The number of Warrant Shares underlying each Warrant
will be equal to the principal amount of the Note subscribed for by Subscriber multiplied by ten (10) (the “Warrant Shares”).
The Exercise Price to acquire a Warrant Share will be $0.10. The Warrants shall be exercisable until three (3) years after the
Closing Date.

 

4.           Subscriber’s Representations and
Warranties. Each Subscriber hereby represents and warrants to and agrees with the Company only as to such Subscriber the following:

 

     1

     

    

 

(a)           Organization and Standing of the Subscribers.
If the Subscriber is an entity, such Subscriber is a corporation, limited liability company, partnership, or other entity duly
incorporated or organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or organization.

 

(b)           Authorization and Power. Each
Subscriber has the requisite power and authority to enter into and perform this Agreement and the Security Agreement and to purchase
the Notes and Warrants being sold to it hereunder. The execution, delivery and performance of this Agreement and the Security Agreement
by such Subscriber and the consummation by it of the transactions contemplated hereby and thereby have been duly authorized by
all necessary corporate or partnership action, and no further consent or authorization of such Subscriber or its Board of Directors,
stockholders, partners, members, as the case may be, is required. This Agreement has been duly authorized, executed, and delivered
by such Subscriber and constitutes, or shall constitute when executed and delivered, a valid and binding obligation of the Subscriber
enforceable against the Subscriber in accordance with the terms thereof.

 

(c)           Information on Company. The Subscriber
has been furnished with or has had access at the EDGAR Website of the Commission to the Company’s Form 10-K for the year
ended December 31, 2015 and all periodic reports as filed with the Commission subsequent thereto (hereinafter referred to as the
“Reports”). In addition, the Subscriber has received in writing from the Company such other information concerning
its operations, financial condition and other matters as the Subscriber has requested in writing (such other information is collectively,
the “Other Written Information”), and considered all factors the Subscriber deems material in deciding on the
advisability of investing in the Securities.

 

(e)           Information on Subscriber. The
Subscriber is, and will be at the time of the exercise of the Warrants, an “accredited investor”, as such term is defined
in Regulation D promulgated by the Commission under the 1933 Act, is experienced in investments and business matters, has made
investments of a speculative nature and has purchased securities of United States publicly-owned companies in private placements
in the past and, with its representatives, has such knowledge and experience in financial, tax and other business matters as to
enable the Subscriber to utilize the information made available by the Company to evaluate the merits and risks of and to make
an informed investment decision with respect to the proposed purchase, which represents a speculative investment. The Subscriber
has the authority and is duly and legally qualified to purchase and own the Securities. The Subscriber is able to bear the risk
of such investment for an indefinite period and to afford a complete loss thereof. The information set forth on the signature page
hereto regarding the Subscriber is accurate.

 

(f)           Purchase of Notes and Warrants.
On the Closing Date, the Subscriber will purchase the Notes and Warrants as principal for its own account for investment only and
not with a view toward, or for resale in connection with, the public sale or any distribution thereof.

 

(g)           Compliance with Securities Act.
The Subscriber understands and agrees that the Securities have not been registered under the 1933 Act or any applicable state securities
laws, by reason of their issuance in a transaction that does not require registration under the 1933 Act (based in part on the
accuracy of the representations and warranties of Subscriber contained herein), and that such Securities must be held indefinitely
unless a subsequent disposition is registered under the 1933 Act or any applicable state securities laws or is exempt from such
registration.

 

     2

     

    

 

(h)           Note Legend. The Note shall bear
the following or similar legend:

 

“THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED. THIS NOTE MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
STATEMENT AS TO THIS NOTE UNDER SAID ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO [THE COMPANY] THAT SUCH REGISTRATION
IS NOT REQUIRED.”

 

(i)           Warrants Legend. The Warrants
shall bear the following

 

or similar legend:

 

“THIS WARRANT AND THE COMMON SHARES ISSUABLE UPON
EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS WARRANT AND THE COMMON SHARES
ISSUABLE UPON EXERCISE OF THIS WARRANT MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE
REGISTRATION STATEMENT AS TO THIS WARRANT UNDER SAID ACT OR ANY APPLICABLE STATE SECURITIES LAW OR AN OPINION OF COUNSEL REASONABLY
SATISFACTORY TO [THE COMPANY] THAT SUCH REGISTRATION IS NOT REQUIRED.”

 

(j)           Warrant
Shares Legend. The Warrant Shares shall bear the following legend:

 

“THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THESE SHARES MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED
IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH SECURITIES ACT OR ANY APPLICABLE STATE SECURITIES LAW OR AN OPINION
OF COUNSEL REASONABLY SATISFACTORY TO [THE COMPANY] THAT SUCH REGISTRATION IS NOT REQUIRED.”

 

(k)           Communication of
Offer. The offer to sell the Securities was directly communicated to the Subscriber by the Company. At no time was the Subscriber
presented with or solicited by any leaflet, newspaper or magazine article, radio or television advertisement, or any other form
of general advertising or solicited or invited to attend a promotional meeting otherwise than in connection and concurrently with
such communicated offer.

 

     3

     

    

 

(l)           Authority; Enforceability.
This Agreement and other agreements delivered together with this Agreement or in connection herewith have been duly authorized,
executed and delivered by the Subscriber and are valid and binding agreements enforceable in accordance with their terms, subject
to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to
or affecting creditors’ rights generally and to general principles of equity; and Subscriber has full corporate power and
authority necessary to enter into this Agreement and such other agreements and to perform its obligations hereunder and under all
other agreements entered into by the Subscriber relating hereto.

 

(m)          Restricted Securities. Subscriber
understands that the Securities have not been registered under the 1933 Act and such Subscriber will not sell, offer to sell, assign,
pledge, hypothecate or otherwise transfer any of the Securities unless pursuant to an effective registration statement under the
1933 Act.

 

(n)           No Governmental Review. Each Subscriber
understands that no United States federal or state agency or any other governmental or state agency has passed on or made recommendations
or endorsement of the Securities or the suitability of the investment in the Securities, nor have such authorities passed upon
or endorsed the merits of the offering of the Securities.

 

5.           Company Representations and Warranties.
The Company represents and warrants to and agrees with each Subscriber the following, except as set forth in the Reports and as
otherwise qualified in the Transaction Documents:

 

(a)           Due Incorporation.
The Company is a corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation
and has the requisite corporate power to own its properties and to carry on its business is disclosed in the Reports. The Company
does not have any subsidiaries.

 

(b)           Authority; Enforceability. This
Agreement, the Notes, the Warrants, and any other agreements delivered together with this Agreement or in connection herewith (collectively
“Transaction Documents”) have been duly authorized, executed and delivered by the Company and are valid and
binding agreements enforceable in accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization,
moratorium and similar laws of general applicability relating to or affecting creditors’ rights generally and to general
principles of equity. The Company has full corporate power and authority necessary to enter into and deliver the Transaction Documents
and to perform its obligations thereunder.

 

(c)           Consents. No consent, approval,
authorization, or order of any court, governmental agency or body or arbitrator having jurisdiction over the Company, or any of
its Affiliates, any Principal Market, or the Company’s stockholders is required for the execution by the Company of the Transaction
Documents and compliance and performance by the Company of its obligations under the Transaction Documents, including, without
limitation, the issuance and sale of the Securities.

 

     4

     

    

 

(e)           No Violation or Conflict. Assuming
the representations and warranties of the Subscribers in Section 4 are true and correct, neither the issuance and sale of the Securities
nor the performance of the Company’s obligations under this Agreement and the Transaction Documents will violate, conflict
with, result in a breach of, or constitute a default (or an event which with the giving of notice or the lapse of time or both
would be reasonably likely to constitute a default in any material respect) of a material nature under (A) the articles or certificate
of incorporation, charter or bylaws of the Company or (B) to the Company’s knowledge, any decree, judgment, order, law, treaty,
rule, regulation or determination applicable to the Company of any court, governmental agency or body, or arbitrator having jurisdiction
over the Company or over the properties or assets of the Company.

 

(f)           The Securities. The Securities
upon issuance:

 

(i)           have been, or will be, duly and validly
authorized, and upon exercise of the Warrants, the Warrant Shares will be duly and validly issued, fully paid and nonassessable,
and, if (A) registered pursuant to the 1933 Act, (B) prospectus delivery requirements have been complied with, and (C) resold pursuant
to an effective registration statement, will be free trading and unrestricted;

 

(ii)          except as set forth in Schedule 5(f)
will not have been issued or sold in violation of any preemptive or other similar rights of the holders of any securities of the
Company;

 

(iii)         will not result in a violation
of Section 5 under the 1933 Act, provided Subscriber’s representations herein are true and accurate and Subscribers take
no actions or fail to take any actions required by Subscriber for Subscriber’s purchase of the Securities to be in compliance
with all applicable laws and regulations.

 

(g)           Litigation. There is no pending
or, to the best knowledge of the Company, threatened action, suit, proceeding or investigation before any court, governmental agency
or body, or arbitrator having jurisdiction over the Company, or any of its Affiliates that would affect the execution by the Company
or the performance by the Company of its obligations under the Transaction Documents. Except as disclosed in the Reports, there
is no pending or, to the best knowledge of the Company, basis for or threatened action, suit, proceeding or investigation before
any court, governmental agency or body, or arbitrator having jurisdiction over the Company, or any of its Affiliates which litigation
if adversely determined would have a Material Adverse Effect.

 

(h)           Defaults.
The Company is not in violation of its articles of incorporation or bylaws. Except as disclosed on Schedule 5(h), the Company
is (i) not in material default under or in material violation of any other material agreement or instrument to which it is a party
or by which it or any of its properties are bound or affected, which default or violation would have a Material Adverse Effect,
(ii) not in default with respect to any order of any court, arbitrator or governmental body or subject to or party to any order
of any court or governmental authority arising out of any action, suit or proceeding under any statute or other law respecting
antitrust, monopoly, restraint of trade, unfair competition or similar matters, or (iii) to the Company’s knowledge, not
in violation of any statute, rule or regulation of any governmental authority which violation would have a Material Adverse Effect.
For purpose of this Agreement, a “Material Adverse
Effect” shall mean a material adverse effect on the financial condition, results of operations, properties or business of
the Company taken as a whole.

 

     5

     

    

 

(i)           Title to Assets, Trademarks, Patents.
The Company has good and clear record and marketable title in fee to such of its fixed assets as are real property, and good and
merchantable title to all of its other assets, now carried on its books including those reflected in the most recent balance sheet
of the Company or acquired since the date of such balance sheet free of any mortgages, pledges, charges, liens, security interests
or other encumbrances, except as set forth on Schedule 5(i). The Company enjoys peaceful and undisturbed possession under
all leases under which it is operating, and all said leases are valid and subsisting and in full force and effect. The Company
owns or has a valid right to use the patents, patent rights, licenses, permits, trade secrets, trademarks, trademark rights, trade
names or trade name rights or franchises, copyrights, inventions and intellectual property rights being used to conduct its business
as now operated and as now proposed to be operated; and the conduct of its business as now operated and as now proposed to be operated
does not and will not conflict with valid patents, patent rights, licenses, permits, trade secrets, trademarks, trademark rights,
trade names or trade name rights or franchises, copyrights, inventions and intellectual property rights of others.

 

(j)           Insurance. The Company carries
insurance covering its properties and business adequate and customary for the type and scope of the properties and business, but
in any event in amounts sufficient to prevent the Company from becoming a co-insurer.

 

(k)          Books and Records. The books of
account, ledgers, order books, records and documents of the Company accurately and completely reflect, in all material respects,
all material information relating to the business of the Company, the nature, acquisition, maintenance, location and collection
of the assets of the Company, and the nature of all transactions giving rise to the obligations or accounts receivable of the Company.

 

(j)           No General Solicitation. Neither
the Company, nor any of its Affiliates, nor to its knowledge, any person acting on its or their behalf, has engaged in any form
of general solicitation or general advertising (within the meaning of Regulation D under the 1933 Act) in connection with the offer
or sale of the Securities.

 

6.           Regulation D Offering. The offer
and issuance of the Securities to the Subscribers is being made pursuant to the exemption from the registration provisions of the
1933 Act afforded by Section 4(a)(2) or Section 4(6) of the 1933 Act and/or Rule 506 of Regulation D promulgated thereunder. The
Company will provide, at the Company’s expense, such other legal opinions in the future as are reasonably necessary for the
issuance and resale of the Common Stock issuable upon conversion of the Notes and exercise of the Warrants pursuant to an effective
registration statement.

 

     6

     

    

 

7.           Miscellaneous.

 

(a)           Notices.
All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing
and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return
receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted
by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified
most recently by written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed
effective (a) upon hand delivery or delivery by email or facsimile, with accurate confirmation generated by the transmitting email
or facsimile machine, at the address or number designated below (if delivered on a business day during normal business hours where
such notice is to be received), or the first business day following such delivery (if delivered other than on a business day during
normal business hours where such notice is to be received) or (b) on the second business day following the date of mailing by
express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first
occur. The addresses for such communications shall be: (i) if to the Company, to: Eastside Distilling, Inc., 1805 SE Martin Luther
King Jr. Blvd. Portland, Oregon 97214, Attn: Steven Earles, email: steven@eastsidedistilliing.com and (ii) if to the Subscriber,
to: the one or more addresses and telecopier numbers or email addresses indicated on the signature pages hereto.

 

(b)           Entire Agreement;
Assignment. This Agreement and other documents delivered in connection herewith represent the entire agreement between the
parties hereto with respect to the subject matter hereof and may be amended only by a writing executed by both parties. Neither
the Company nor the Subscribers have relied on any representations not contained or referred to in this Agreement and the documents
delivered herewith. No right or obligation of the Company shall be assigned without prior notice to and the written consent of
the Subscribers.

 

(c)                      Amendments,
Waivers and Consents. Any provision in this Agreement the Notes to the contrary notwithstanding, changes in or additions to
this Agreement may be made, and compliance with any covenant or provision herein or therein set forth may be omitted or waived,
if the Company (i) shall obtain consent thereto in writing from the holder or holders of at least seventy-five percent (75%) in
principal amount of all Notes then outstanding, and (ii) shall, in each case, deliver copies of such consent in writing to any
holders who did not execute the same; provided that no such consent shall be effective to reduce or to postpone the date fixed
for the payment of the principal (including any required redemption) or interest payable on any Note, without the consent of the
holder thereof, or to reduce the percentage of the Notes the consent of the holders of which is required under this Section. Any
waiver or consent may be given subject to satisfaction of conditions stated therein and any waiver or consent shall be effective
only in the specific instance and for the specific purpose for which given. Written notice of any waiver or consent effected under
this subsection shall promptly be delivered by the Company to any holders who did not execute the same. 

 

(d)           Counterparts/Execution.
This Agreement may be executed in any number of counterparts and by the different signatories hereto on separate counterparts,
each of which, when so executed, shall be deemed an original, but all such counterparts shall constitute but one and the same instrument.
This Agreement may be executed by facsimile signature and delivered by facsimile transmission.

 

     7

     

    

 

(e)           Law Governing this
Agreement. This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada without regard
to conflicts of laws principles that would result in the application of the substantive laws of another jurisdiction. Any action
brought by either party against the other concerning the transactions contemplated by this Agreement shall be brought only in the
civil or state courts of Oregon or in the federal courts located in Multnomah County. The parties and the individuals executing
this Agreement and other agreements referred to herein or delivered in connection herewith on behalf of the Company agree to submit
to the jurisdiction of such courts and waive trial by jury. The prevailing party shall be entitled to recover from the other
party its reasonable attorney’s fees and costs. In the event that any provision of this Agreement or any other agreement
delivered in connection herewith is invalid or unenforceable under any applicable statute or rule of law, then such provision shall
be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or
rule of law. Any such provision which may prove invalid or unenforceable under any law shall not affect the validity or enforceability
of any other provision of any agreement.

 

(f)           Reimbursement of
Expenses. The Company agrees to reimburse any Subscriber for its out-of-pocket expenses, including the fees and expenses of
its counsel, in connection with the enforcement of this Agreement, the Notes or any of the Transaction Documents.

 

(g)          Specific Enforcement.
The Company and Subscriber acknowledge and agree that irreparable damage would occur in the event that any of the provisions of
this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed
that the parties shall be entitled to one or more preliminary and final injunctions to prevent or cure breaches of the provisions
of this Agreement and to enforce specifically the terms and provisions hereof, this being in addition to any other remedy to which
any of them may be entitled by law or equity.

 

(h)          Independent Nature
of Subscribers.     The Company acknowledges that the obligations of each Subscriber under the Transaction
Documents are several and not joint with the obligations of any other Subscriber, and no Subscriber shall be responsible in any
way for the performance of the obligations of any other Subscriber under the Transaction Documents. The Company acknowledges that
each Subscriber has represented that the decision of each Subscriber to purchase Securities has been made by such Subscriber independently
of any other Subscriber and independently of any information, materials, statements or opinions as to the business, affairs, operations,
assets, properties, liabilities, results of operations, condition (financial or otherwise) or prospects of the Company which may
have been made or given by any other Subscriber or by any agent or employee of any other Subscriber, and no Subscriber or any of
its agents or employees shall have any liability to any Subscriber (or any other person) relating to or arising from any such information,
materials, statements or opinions.  The Company acknowledges that nothing contained in any Transaction Document, and no action
taken by any Subscriber pursuant hereto or thereto shall be deemed to constitute the Subscribers as a partnership, an association,
a joint venture or any other kind of entity, or create a presumption that the Subscribers are in any way acting in concert or as
a group with respect to such obligations or the transactions contemplated by the Transaction Documents.  The Company acknowledges
that each Subscriber shall be entitled to independently protect and enforce its rights, including without limitation, the rights
arising out of the Transaction Documents, and it shall not be necessary for any other Subscriber to be joined as an additional
party in any proceeding for such purpose.  The Company acknowledges that it has elected to provide all Subscribers with the
same terms and Transaction Documents for the convenience of the Company and not because Company was required or requested to do
so by the Subscribers.  The Company acknowledges that such procedure with respect to the Transaction Documents in no way creates
a presumption that the Subscribers are in any way acting in concert or as a group with respect to the Transaction Documents or
the transactions contemplated thereby.

 

     8

     

    

 

[THIS SPACE INTENTIONALLY LEFT BLANK]

 

     9

     

    

Signature Page for Individuals:

 

IN WITNESS WHEREOF, Subscriber
has caused this Subscription Agreement to be executed as of the date indicated below.

 

	$	 	 	 

	Total Purchase Price (Amount of Note)	 	 

 

	 	 	 
	Print or Type Name	 	Print or Type Name (Joint-owner)
	 	 	 
	 	 	 
	Signature	 	Signature (Joint-owner)
	 	 	 
	 	 	 
	Date	 	Date (Joint-owner)
	 	 	 
	 	 	 
	IRS Taxpayer Identification Number	 	IRS Taxpayer Identification Number (Joint-owner)
	 	 	 
	 	 	 
	Address	 	Address (Joint-owner)
	 	 	 
	 	 	 
	Telephone Number	 	Telephone Number
	 	 	 
	 	 	 
	Fax Number	 	Fax Number
	 	 	 
	 	 	 
	E-mail Address	 	E-mail Address

 

Type of Ownership

 

		 ̈	Individual

		 ̈	Tenants in common

		 ̈	Joint tenants with right of survivorship

		 ̈	Community property (check only if resident of community
property state)

		 ̈	Other (please specify:____________________)

     10

     

    

 

Wiring Instructions:

 

Bank Name:

ABA:

SWIFT:

Tel Number:

Address:

Acct #:

Acct. Name:

Reference: Eastside
Note and Warrant Financing

 

     11

     

    

Partnerships, Corporations or Other Entities:

 

IN WITNESS WHEREOF, Subscriber
has caused this Subscription Agreement to be executed as of the date indicated below.

 

	$	 	 	 
	 	Total Purchase Price     (Amount
of Note)	 	
	 	 	 
	 	 	 
	Print or Type Name of Entity	 	 
	 	 	 
	 	 	 
	Address	 	 
	 	 	 
	 	 	 
	Telephone Number	 	 
	 	 	 
	 	 	 
	Fax Number	 	 
	 	 	 
	 	 	 
	Email Address	 	 
	 	 	 
	 	 	 
	Taxpayer I.D. No. (if applicable)	 	Date

 

	By:	 	 	 

	Signature: 	Name:	 	Print or Type Name and Indicate
	 	Title:	 	Title or Position with Entity

 

	 	 	 
	Signature (other authorized signatory)	 	Print or Type Name and Indicate
	 	 	Title or Position with Entity

 

 

Type of Ownership

 

		 ̈	Corporation

		 ̈	Limited Liability Company

		 ̈	Partnership

		 ̈	Trust

		 ̈	Other (please specify:____________________)

 

     12

     

    

 

All subscriptions from partnerships, corporations,
trusts or limited liability companies must be accompanied by resolutions of the appropriate corporate authority (board of directors,
trustee or managing partner or members, as applicable) and trust documents evidencing the authorization and power to make the subscription.

 

Wiring Instructions:

 

Bank Name:

ABA:

SWIFT:

Tel Number:

Address:

Acct #:

Acct. Name:

Reference:  Eastside
Note and Warrant Financing

 

     13

     

    

 

SUBSCRIPTION ACCEPTANCE BY EASTSIDE DISTILLING
INC.

 

IN WITNESS WHEREOF, the
Company has caused this Subscription Agreement to be executed, and the foregoing subscription accepted, as of the date indicated
below.

 

	 	Eastside Distilling, Inc.
	 	 	 
	 	By:  	 
	 	Name:	 
	 	Title: 	 

 

Date: June 30, 2016

     

     14

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