Company: BLNE
Filing Date: 2025-01-08
Form Type: S-1/A
Source: 0001493152-25-001415
Chunk: 97

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-08
Form: S-1/A
Chunk 97
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1) |     |                                | 400,000 |     | $                                 | 385,160 |

| (1) | Represents                                                                                                                        
 shares of restricted stock which vest on the earlier of March 31, 2025 and termination of the recipient without cause. The market 
 value is determined based on $0.9629 per share, the closing price of the Company’s common stock on December 31, 2024.             |

| 83 |

Employment Agreements

Geoffrey Gwin. The Company has entered into a three-year Executive Employment Agreement with Geoffrey Gwin dated July 3, 2024, which was amended on October 7, 2024. The effective date of the Agreement, as amended, is as of January 1, 2024. Under the Agreement, as amended, Mr. Gwin serves as Chief Executive Officer of Eastside on a full-time basis. He also served as Eastside’s Chief Financial Officer until October 7, 2024.

The Agreement provides that the Company will pay Mr. Gwin a base salary of $300,000 per year increasing to $350,000 based on performance. In addition, Eastside agreed to also pay Mr. Gwin a bonus of $90,000 for special services during 2024. As authorized by the Agreement, Mr. Gwin accepted 180,000 shares of the Company’s Common Stock during October 2024 in satisfaction of the Company’s special services payment obligation. In addition, the Company issued 400,000 shares of Common Stock to Mr. Gwin, which will vest on the earlier of March 31, 2025 or the date on which Mr. Gwin’s employment is terminated without cause. In the event that the conversion price of the Company’s Series F is reduced, the Company will issue to Mr. Gwin a number of common shares equal to one percent of the additional shares issued as a result of the adjustment.

Either the Company or Mr. Gwin may terminate Mr. Gwin’s employment at will. If Eastside terminates the employment without cause or Mr. Gwin terminates his employment with good reason, Eastside will continue to pay Mr. Gwin’s salary for the lesser of 12 months or the remaining term of employment. The Company also agreed to issue 100,000 shares of Common Stock to Mr. Gwin if he is terminated by the Company without cause.

Christopher R. Moe. Beeline employs Mr. Moe under an offer