On May 15, 2019, Long Blockchain Corp. (the “ Company ”) held a special meeting of its stockholders (the “ Special Meeting ”). At the Special Meeting, the Company’s stockholders considered a proposal to amend the Company’s certificate of incorporation to increase the total number of shares of common stock the Company is authorized to issue by 100,000,000 shares, from 35,000,000 shares to 135,000,000 shares (the “ Amendment ”).

A final tabulation of votes cast for and against the proposal, as well as the number of abstentions and broker non-votes with respect to the proposal, is set forth below:

Based on the foregoing results, the Company’s stockholders approved the Amendment. The Amendment became effective on May 20, 2019, upon the filing of a certificate of amendment with the Delaware Secretary of State. A detailed description of the Amendment, which description is incorporated herein by reference, is set forth in the section titled “ Authorized Capital Increase Proposal ” in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on Schedule 14A on April 22, 2019.

Promptly after the filing of the certificate of amendment, on May 21, 2019, in accordance with the second amended and restated loan and option agreement, dated as of January 18, 2019, by and between the Company and Court Cavendish Ltd., as lender, the Company issued to certain of its key officers and consultants four-year warrants (the “ Warrants ”) to purchase 3,000,000 shares of the Company’s common stock at an exercise price of $0.25 per share, including Warrants to purchase 2,000,000 shares to Andy Shape, the Company’s Chief Executive Officer. The exercise price and the number of shares issuable upon exercise of the Warrants are subject to adjustment for stock splits, stock dividends and similar transactions. In addition, the Warrants may be exercised on a “cashless” basis. The lender requested that the Warrants be issued in order to ensure the interests of the recipients were aligned with those of the lender. The Warrants were offered and sold, and the underlying shares of the Company’s common stock are being offered for sale, in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended, for transactions not involving a public offering.

The foregoing descriptions of the Amendment and the Warrants do not purport to be complete and are subject to and qualified in their entirety by reference to the full text of such documents, which are filed as Exhibits 3.1 and 4.1 hereto, and which are incorporated herein by reference.