Exhibit
10.34


 





CFO
CONSULTING AGREEMENT


 


CFO
CONSULTING AGREEMENT dated as of March 2, 2020 (this “Agreement”), between Eastside Distilling, Inc., a Oregon corporation
(the “Company”), and Glenn Stuart Schreiner doing business as GSS Consulting, LLC. (the “Consultant”).


 


WHEREAS,
the Company desires to engage Consultant to provide consulting services, upon the terms and subject to the conditions hereinafter
set forth; and


 


WHEREAS,
the Consultant has agreed to provide such consulting services, upon the terms and subject to the conditions hereinafter set forth;


 


NOW,
THEREFORE, in consideration of the above premises and for other good and valuable consideration, the receipt and sufficiency of
which hereby are acknowledged, the parties hereto agree as follows:


 


	1.	Independent
    Consultant. The Company hereby engages the Consultant, and the Consultant will serve the Company, as a consultant. During
    the term of this Agreement, the Consultant will serve as the non-employee interim chief financial officer (“CFO”)
    of the Company on a part-time basis. The Company confirms that the Consultant has been appointed as the interim CFO of the
    Company and will remain as an executive officer of the Company during the term of this Agreement.


 


	2.	Duties,
    Term, and Compensation. The Consultant’s duties, term of engagement, compensation and provisions for payment thereof
    are detailed in the attached Exhibit A, which may be amended in writing from time to time by the Consultant and agreed to
    by the Company, and which collectively are hereby incorporated by reference.


 


	3.	Expenses.
    During the term of this Agreement, the Consultant shall invoice and the Company shall reimburse the Consultant for all reasonable
    and approved out-of-pocket expenses which are incurred in connection with the performance of the duties hereunder.


 


	4.	Confidentiality.
    The Consultant acknowledges that during the engagement he will have access to and become acquainted with various trade secrets,
    inventions, innovations, processes, information, records and specifications owned or licensed by the Company and/or used by
    the Company in connection with the operation of its business including, without limitation, the Company’s business and
    product processes, methods, customer lists, accounts and procedures. The Consultant agrees that he will not disclose any of
    the aforesaid, directly or indirectly, or use any of them in any manner, either during the term of this Agreement or at any
    time thereafter, except as required in the course of this engagement with the Company. All files, records, documents, blueprints,
    specifications, information, letters, notes, media lists, original artwork/creative, notebooks, and similar items relating
    to the business of the Company, whether prepared by the Consultant or otherwise coming into his possession, shall remain the
    exclusive property of the Company. The Consultant shall not retain any copies of the foregoing without the Company’s
    prior written permission. Upon the expiration or earlier termination of this Agreement, or whenever requested by the Company,
    the Consultant shall immediately deliver to the Company all such files, records, documents, specifications, information, and
    other items in his possession or under his control.


 


	5.	Conflicts
    of Interest; Non-hire Provision. The Consultant represents that he is free to enter into this Agreement, and that this engagement
    does not violate the terms of any agreement between the Consultant and any third party. Further, the Consultant, in rendering
    his duties shall not utilize any invention, discovery, development, improvement, innovation, or trade secret in which he does
    not have a proprietary interest. During the term of this agreement, the Consultant shall devote as much of his productive
    time, energy and abilities to the performance of his duties hereunder as is necessary to perform the required duties in a
    timely and productive manner. The Company acknowledges that this Agreement only obligates the Consultant to serve approximately
    60 percent of his working time with the Company, that the Consultant has other commitments. The Consultant is expressly free
    to perform services for other parties while performing services for the Company.


 




    	 		 



     


    

 


	6.	Indemnification
    and D&O Insurance: The Company agrees to defend, indemnify (including, without limitation, by providing for the advancement
    of expenses and reasonable attorneys’ fees) and hold harmless the Consultant for any and all acts taken or omitted to
    be taken by the Consultant hereunder (except for bad faith, gross negligence or willful misconduct) as if the Consultant was
    an officer of the Company as provided in the charter and bylaws of the Company in accordance with the same terms, conditions,
    limitations, standards, duties, rights and obligations as an officer. The provisions of this Section shall survive any termination
    of this Agreement. In addition, until the five (5) year anniversary of the termination or expiration of this Agreement, the
    Company shall maintain in effect liability insurance coverage for the Consultant (as an insured person) with respect to his
    service under this Agreement, on the same or more favorable terms and conditions (from the perspective of the Consultant)
    as under the liability insurance policies of the Company in effect as of the date of this Agreement.


 


	7.	Merger.
    This Agreement shall not be terminated by the merger or consolidation of the Company into or with any other entity.


 


	8.	Termination.
    The Company may terminate this Agreement at any time by 15 days’ written notice to the Consultant.


 


	9.	Independent
    Consultant. This Agreement shall not render the Consultant an employee, partner, agent of, or joint venture with the Company
    for any purpose. The Consultant is and will remain an independent Consultant in his relationship to the Company. The Company
    shall not be responsible for withholding taxes with respect to the Consultant’s compensation hereunder. The Consultant
    shall have no claim against the Company hereunder or otherwise for vacation pay, sick leave, retirement benefits, social security,
    worker’s compensation, health or disability benefits, unemployment insurance benefits, or employee benefits of any kind.


 


	10.	Successors
    and Assigns. All of the provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto
    and their respective heirs, if any, successors, and assigns.


 


	11.	Choice
    of Law. The laws of the state of Colorado shall govern the validity of this Agreement, the construction of its terms and the
    interpretation of the rights and duties of the parties hereto.


 


	12.	Arbitration.
    Any controversies arising out of the terms of this Agreement or its interpretation shall be settled in Denver, Colorado in
    accordance with the rules of the American Arbitration Association, and the judgment upon award may be entered in any court
    having jurisdiction thereof.


 


	13.	Headings.
    Section headings are not to be considered a part of this Agreement and are not intended to be a full and accurate description
    of the contents hereof.


 


	14.	Waiver.
    Waiver by one party hereto of breach of any provision of this Agreement by the other shall not operate or be construed as
    a continuing waiver.


 


	15.	Assignment.
    The Consultant shall not assign any of his rights under this Agreement, or delegate the performance of any of his duties hereunder,
    without the prior written consent of the Company.


 


	16.	Notices.
    Any and all notices, demands, or other communications required or desired to be given hereunder by any party shall be in writing
    and shall be validly given or made to another party if personally served, or if deposited in the United States mail, certified
    or registered, postage prepaid, return receipt requested. If such notice or demand is served personally, notice shall be deemed
    constructively made at the time of such personal service. If such notice, demand or other communication is given by mail,
    such notice shall be conclusively deemed given five days after deposit thereof in the United States mail addressed to the
    party to whom such notice, demand or other communication is to be given as follows:


 


	 	If
    to the Consultant:	 	Glenn
    Stuart Schreiner
	 	 	 	6865
    W. 56th Ave #8-107
	 	 	 	Arvada,
    CO 80002
	 	 	 	stuart.schreiner@gmail.com


 




    	 		 



     


    

 


	 	If
    to the Company:	 	Eastside
    Distilling, Inc. 
	 	 	 	Attn:
    Lawrence Firestone, CEO
	 	 	 	1001
    SE Water Avenue Suite #390
	 	 	 	Portland,
    OR 97214
	 	 	 	lfirestone@eastsidedistilling.com


 


Any
party hereto may change its address for purposes of this paragraph by written notice given in the manner provided above.


 


IN
WITNESS WHEREOF, the parties have executed this Agreement on the day and year first above written.


 


	 	Eastside
    Distilling
	 	 	 
	 	By:	/s/
    Lawrence Firestone CEO
	 	 	Lawrence
    Firestone CEO
	 	 	 
	 	GSS
    Consulting, LLC
	 	 	 
	 	By:	/s/
    Glenn Stuart Schreiner
	 	 	Glenn
    Stuart Schreiner Principal


 




    	 		 



     


    

 


SCHEDULE
A


 


DUTIES,
TERM, AND COMPENSATION


 


	DUTIES:	The
    Consultant will perform all duties typically required of a Chief Financial Officer, including, but not limited to accounting
    oversight, preparation of quarterly and annual financial statements and other filings as may be required and coordination
    with Company’s independent public accountants with respect to quarterly reviews and annual audits.


 


He
will report directly to Lawrence Firestone, CEO and to any other party designated by Lawrence Firestone in connection with the
performance of the duties under this Agreement and shall fulfill any other duties reasonably requested by the Company and agreed
to by the Consultant.


 


	TERM:	This
    engagement shall commence upon execution of this Agreement and shall continue in full force and effect for a term mutually
    agreeable to both parties, unless terminated earlier by operation of and in accordance with this Agreement.


 


COMPENSATION:


 


As
compensation for the services rendered pursuant to this Agreement, Company shall pay Consultant $125.00 per hour.