COMMON STOCK PURCHASE WARRANT EASTSIDE DISTILLING, INC.Warrant Agreement • April 21st, 2022 • Eastside Distilling, Inc. • Beverages • California
THIS CERTIFIES THAT, for value received, TQLA, LLC (“Holder”), a California limited liability company or its registered assigns, is entitled to purchase from Eastside Distilling, Inc., a Nevada corporation (the “Company”), at any time or from time to time during the five-year term specified in Paragraph 2 hereof, that number of shares of common stock of the Company par value $0.0001 per share (“Common Stock”) equal to one hundred percent (100%) of the aggregate principal amount loaned under that Secured Promissory Note dated as of the date hereof in favor of TQLA, LLC (the “Note”) divided by One Dollar and Twenty Cents ($1.20) (the “Exercise Price”) rounded down to the nearest whole number of shares.
