SEC Contract Filing

Filing Date: 2016-07-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>5
<FILENAME>s103642_ex10-1.htm
<DESCRIPTION>EXHIBIT 10-1
<TEXT>
<HTML>
<HEAD>
 <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Exhibit 10.1</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">SUBSCRIPTION AGREEMENT<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>THIS SUBSCRIPTION AGREEMENT</B> (this &ldquo;<B>Agreement</B>&rdquo;),
dated as of June 30, 2016, by and among Eastside Distilling, Inc., a Nevada corporation (the &ldquo;<B>Company</B>&rdquo;), and
the subscribers identified on the signature page hereto (each a &ldquo;<B>Subscriber</B>&rdquo; and collectively &ldquo;<B>Subscribers</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>WHEREAS</B>, 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 (&ldquo;<B>Regulation D</B>&rdquo;) as promulgated by the United States Securities
and Exchange Commission (the &ldquo;<B>Commission</B>&rdquo;) under the Securities Act of 1933, as amended (the &ldquo;<B>1933
Act</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>WHEREAS</B>, 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 &ldquo;<B>Purchase
Price</B>&rdquo;) of principal amount of promissory notes of the Company (&ldquo;<B>Note</B>&rdquo; or &ldquo;<B>Notes</B>&rdquo;),
a form of which is annexed hereto as <B>Exhibit A</B>, and share purchase warrants (the &ldquo;<B>Warrants</B>&rdquo;), in the
form annexed hereto as <B>Exhibits B</B>, to purchase shares of the Company&rsquo;s common stock, par value $0.0001 per shares
(the &ldquo;<B>Warrant Shares</B>&rdquo;). The Notes, the Warrants, and the Warrant Shares are collectively referred to herein
as the &ldquo;<B>Securities</B>.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>NOW, THEREFORE</B>, in consideration of the
mutual covenants and other agreements contained in this Agreement the Company and the Subscribers hereby agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Conditions To Closing</U>. 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Closing Date</U>. The &ldquo;<B>Closing
Date</B>&rdquo; 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Warrants</U>.&nbsp;&nbsp;&nbsp;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 &ldquo;Warrant Shares&rdquo;).
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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Subscriber&rsquo;s Representations and
Warranties</U>. Each Subscriber hereby represents and warrants to and agrees with the Company only as to such Subscriber the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Page; Sequence: 1; Options