X0306 4 2017-06-30 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 2017-07-18 4 P 0 2100 5.94 A 465387 D Common Stock 2017-07-21 4 P 0 800 6.0875 A 466187 D 5% Convertible Note Due 2020 6 2017-06-30 4 P 0 400000 400000 A 2017-06-30 2020-06-30 Common Stock 66667 400000 D Reflects the total shares beneficially owned, taking into account the three-for-one reverse stock split effected on June 15, 2017. This transaction was executed in multiple trades at prices ranging from $5.9667 to $6.25. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request of the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price for all transactions reported on this Form 4. The note is convertible at any time at the option of the holder at $6.00 per share, subject to adjustment for future stock splits, reverse splits and similar recapitalizations events, and subject to the blocker attached thereto, which prohibits the voluntary conversion if, by virtue of the conversion, the holder and its affiliates would collectively own more than 19.95% of the Issuer's then outstanding shares. The note will automatically convert in the event the Issuer consummates an equity financing of at least $4.0 million at a per share price of at least $7.50. Richard Rudgley, President of Glenbrook Capital Management, the General Partner 2017-07-21