Eastside Distilling, Inc. announced that it has entered into loan definitive agreement with new lenders, Aegis Security Insurance Company, and LD Investments, LLC, and returning lenders, The Bigger Capital Fund, LP, a fund managed by Bigger Capital, LLC, and District 2 Capital Fund LP, a fund managed by District 2 Capital LP for private placement of 2024 secured promissory notes for gross proceeds of up to $1,100,000 on May 15, 2024. The 2024 Secured Notes may be satisfied by payment of 105% of principal on or before July 31, 2024, by payment of 110% of principal on or before November 29, 2024, by payment of 130% of principal on or before March 30, 2025 or by payment of 140% of principal on March 31, 2025. This Note shall be deemed in default if not satisfied in full on or before March 31, 2025 (the ?

Maturity Date ?), or on such earlier date as such principal amount and/or applicable Premium may earlier become due and payable pursuant to the terms hereof. The offer and issuance of the 2024 Secured Notes 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(a)(6) of the 1933 Act and/or Rule 506 of Regulation D promulgated thereunder. Eastside agrees to timely file a Form D with respect to the 2024 Secured Notes as required under Regulation D and to provide a copy thereof upon request of any Subscriber.