X0306 4 2018-10-15 0 0001534708 Eastside Distilling, Inc. EAST 0001715500 Peterson Jack N C/O EASTSIDE DISTILLING, INC. 1003 SE WATER AVENUE, SUITE 390 PORTLAND OR 97214 1 0 0 0 Stock Option (right to buy) 7.87 2018-10-15 4 A 0 5000 0 A 2018-10-15 2028-10-15 Common Stock 5000 5000 D Restricted Stock Units 2018-10-15 4 A 0 20000 0 A 2018-12-31 2019-09-30 Common Stock 20000 20000 D Common Stock Purchase Warrants (right to buy) 7.75 2018-10-15 4 A 0 30000 A 2018-10-15 2019-06-30 Common Stock 30000 30000 I By Sandstrom Partners, Inc. The options are immediately exercisable. Each restricted stock unit ("RSU") is the economic equivalent of one share of Eastside Distilling, Inc. common stock. The closing price of EAST on the October 15, 2018 award date was $7.87. The RSUs will vest in four quarterly $5,000 installments (for a total of $20,000) on the last day of each quarter, beginning on December 31, 2018 and continuing through and including September 30, 2019, the exact number of shares to be issued on each vesting date to be calculated based upon the closing price of the Issuer's common stock on such date, subject to continued service with the Issuer on each respective vesting date. The warrants were issued for services rendered or to be rendered by Sandstrom Parters Inc. in the amount of $232,500. See footnote 5. The reporting person is the President, a director and a principal shareholder of Sandstrom Partners, Inc. He disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. The inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose. /s/ Jack N. Peterson 2018-10-17