Eastside Distilling, Inc. Monroe, CT 06468 November __, 2024
Exhibit 10.10
000 Xxxx Xxxxxx, Xxxxxxxx 0, Xxxxx 0
Monroe, CT 06468
November __, 2024
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| Re: | Eastside Distilling, Inc. |
Ladies and Gentlemen:
This letter agreement documents our understanding regarding your investment in Eastside Distilling, Inc. (the “Company”) through that certain Securities Purchase Agreement by and between you and the Company (the “SPA”).
Reference is made to your ownership of a Senior Secured Debenture of Beeline Financial Holdings, Inc. You agreed to make a loan to the Company of $____ (the “Investment Amount”) and acquire a Senior Secured Note pursuant to the SPA.
By acquiring the Senior Secured Note under the SPA, you will also receive shares of the Company’s Series F Convertible Preferred Stock having a stated value equal to 50% of your Investment Amount. The form of the Certificate of Designations is filed as Exhibit 3-c to the Company’s Current Report on Form 8-K filed on October 7, 2024, which can be accessed here: xxxxx://xxx.xxx.xxx/xxxxx/xxxxxx/?XXXx0000000&xxxxxxxxxxxxx.
Please execute and return this letter to the Company via email to _____ Attention: Xxxxxxxx Xxxx, CEO, with a copy to _____.
| Sincerely yours, | |
| Xxxxxxxx Xxxx, Chief Executive Officer |
| 1 |
I hereby agree to and acknowledge the foregoing:
| By: | ||
Date: November __, 2024
| 2 |
