Company: BLNE
Filing Date: 2025-08-07
Form Type: PRE 14A
Source: 0001641172-25-022594
Chunk: 37

Company: Beeline Holdings, Inc.
Filing Date: 2025-08-07
Form: PRE 14A
Chunk 37
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 connection with Mr. Gwin’s resignation as the Company’s Chief Executive Officer. He also previously served as the Company’s Chief Financial Officer until October 7, 2024.

The Prior Agreement provided for a base salary of $300,000 per year increasing to $350,000 based on performance. In addition, the Prior Agreement provided for a bonus of $90,000 for special services during 2024. As authorized by the Prior Agreement, Mr. Gwin accepted 18,000 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 40,000 shares of Common Stock to Mr. Gwin, which vested in 2025. Under the Prior Agreement, the Company also agreed that 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 shares of Common Stock equal to one percent of the additional shares issued as a result of the adjustment.

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In connection with Mr. Gwin’s resignation as Chief Executive Officer of the Company and appointment as President of Bridgetown Spirits Corp., in April 2025 the Board approved and the Company issued Mr. Gwin 10,000 shares of Common Stock. Because this issuance occurred subsequent to 2024, it is not reflected in the table above.

As a result of the Spirits Sale disclosed in footnote (1) under “Beeline Summary Compensation Table” above, Mr. Gwin is no longer an officer of the Company or any subsidiary.

Tiffany Milton. The Company employs Ms. Milton under an offer letter agreement which provides a monthly salary of $13,750.

Director Compensation

The following table sets forth the compensation awarded to, earned by or paid to the non-employee members of our Board for services rendered as a director during the fiscal year ended December 31, 2024.

| Name*                      |     | Fees Earned ($) |        |     | Total ($) |        |
| Eric Finnsson              |     |                 | 80,000 |     |           | 80,000 |
| Robert Grammen (1)         |     |                 | 68,320 |     |           | 68,320 |
| Stephanie Kilkenny (1)     |     |                 |      - |     |           |      - |
| Elizabeth Levy-Navarro (2) |     |                 |      - |     |           |      -