X0306 4 2016-11-25 0 0001534708 Eastside Distilling, Inc. ESDI 0001160520 GLENBROOK CAPITAL LP 430 CAMBRIDGE AVENUE SUITE 100 PALO ALTO CA 94306 0 0 1 0 Common Stock 2016-11-25 4 X 0 203846 1.3 A 855092 D Common Stock 2016-11-25 4 X 0 96154 1.3 A 951246 D Common Stock Purchase Warrants (right to buy) 1.3 2016-11-25 4 X 0 300000 0 D 2016-06-04 2019-06-04 Common Stock 300000 0 D On November 25, 2016, the Issuer temporarily reduced the exercise price of its outstanding warrants from $2.00 ($0.10 prior to the October 18, 2016 reverse stock split) to $1.30, and the warrants were exercised at the reduced exercise price. The exercise price was paid by forgiveness of indebtedness of $125,000.20 owed by the Issuer to the reporting person pursuant to promissory notes. Reflects the 20-for-1 reverse stock split effective October 18, 2016. The warrants contain a blocker than prohibits the reporting person from exercising the warrants if such exercise will result in beneficial ownership by the reporting person and its affiliates of more than 9.99% of the Issuer's outstanding shares. The blocker may only be amended by written consent of both the Issuer and the reporting person. Since the reporting person's beneficial ownership percentage is over 9.99%, the warrants are currently not exercisable, absent a waiver. The blocker was waived by mutual consent of the Issuer and the reporting person as of November 25, 2016. The warrants were issued for any additional consideration in connection with the purchase by the reporting person of promissory notes. Richard Rudgley, President of Glenbrook Capital Management, the General Partner 2016-11-29