TERMINATION
                                       OF
                             VOTING TRUST AGREEMENT
                            DATED AS OF MAY 27, 1998
                         (the "Voting Trust Agreement")

         This Termination Agreement is made as of June 1, 2000, by and among the
current Shareholders and Trustees that are parties to the Voting Trust Agreement
that established a Voting Trust relating to shares of common stock of Ravenswood
Winery,  Inc., a California  corporation  ("Ravenswood"),  as well as additional
Shareholders who joined in the Voting Trust Agreement subsequent to its original
effective date.

                                    RECITALS

         Currently,  under the Voting Trust Agreement,  the Shareholders  hold a
total of 2,074,081  shares of common stock of Ravenswood,  constituting  all the
shares that are subject to the Voting Trust, as follows:

         Owner                 Number of Shares         Stock Certificate Nos.
         -----                 ----------------         ----------------------

Joel E. Peterson                   1,337,670                     183
Justin M. Faggioli                    91,350                      23
W. Reed Foster                       283,500                      26
W. Reed and Lois Foster              134,681                      33
William R. Hambrecht                   9,765                      37
Callie S. Konno                       59,850                      46
Julie Morin-Wisner                    31,500                      53
John D. Nichols                        9,765                      55
James F. Wisner                      116,000                     179


         The parties hereto have determined  that in the present  circumstances,
including  Ravenswood's status as a publicly-held  company since April 1999, the
Voting Trust is no longer  essential or appropriate to their interests or to the
success  of  Ravenswood  or  the  interests  of  Ravenswood's  shareholders  and
debenture holders, or of Ravenswood's business associates,  and that termination
of the Voting Trust will eliminate  unnecessary  administrative  burdens for the
Trustees, the Shareholders and Ravenswood.


                                  EXHIBIT 10.1
<PAGE>



         Capitalized  terms not defined  herein shall have the meaning set forth
in the Voting Trust Agreement.

         NOW, THEREFORE, it is agreed:

         1. Termination of Voting Trust. The parties hereby terminate the Voting
Trust. The parties agree that, except as otherwise  provided in this Termination
Agreement,  the  Voting  Trust and the  Voting  Trust  Agreement  shall be of no
further  force or effect.  It is  understood  that each owner of shares that are
subject to the  Voting  Trust  currently  holds the stock  certificates  for the
shares and that such certificates  contain a restrictive  legend indicating that
the shares are subject to the Voting Trust. Each holder shall arrange to deliver
their  certificates to Ravenswood's  transfer agent for re-issuance  without the
restrictive   legend.   Notwithstanding  the  date  of  delivery  of  the  stock
certificates  to the transfer  agent,  or the date of issuance or receipt of new
stock certificates,  the Voting Trust shall be deemed terminated effective as of
the date of this  Termination  Agreement.  It is understood that Ravenswood will
inform the transfer agent that the transferred stock certificates need no longer
bear any restrictive legend relating to the Voting Trust.

         2.  Warranty.  Each holder of the shares  listed in the above  Recitals
hereby  represents  and warrants that he/she owns those shares free of any lien,
encumbrance or other third party  interest,  and that no one else is required to
sign on their  behalf in order to  terminate  the Voting  Trust with  respect to
their shares.

         3.  Exoneration and  Indemnification  of Trustees.  Any exoneration and
indemnification  to which the Trustees may be entitled  under Sections 13 and 14
of the Voting  Trust  Agreement  shall  survive this  termination  of the Voting
Trust.

         4.  Further  Assurances.  The  parties  agree to execute  such  further
documents  and to take such  further  steps as may be  necessary or advisable to
effect  the  purposes  of this  Termination  Agreement.  It is  understood  that
Ravenswood,  in consultation with legal counsel,  will take such steps as may be
necessary or advisable to comply with applicable  securities laws and other laws
relating to Ravenswood in connection with this Termination  Agreement.  However,
Ravenswood does not assume any individual  reporting  obligations of the parties
under Sections 13(g) and 16 of the Securities Exchange Act of 1934.


<PAGE>


         IN  WITNESS  WHEREOF,   the  parties  have  executed  this  Termination
Agreement as of the date first written above.

                                    TRUSTEES

/s/  W. Reed Foster                            /s/  Joel E. Peterson
----------------------------------------       ------------------------------
W. Reed Foster                                 Joel E. Peterson


/s/  Justin M. Faggioli                        /s/  Callie S. Konno
----------------------------------------       ------------------------------
Justin M. Faggioli                             Callie S. Konno


/s/  James F. Wisner, Former Trustee
----------------------------------------
James F. Wisner, Former Trustee

                                  SHAREHOLDERS

/s/ Joel E. Peterson                         /s/ Callie S. Konno
----------------------------------------     --------------------------------
Joel E. Peterson                             Callie S. Konno


/s/ Justin M. Faggioli                       /s/ Julie Morin-Wisner
----------------------------------------     --------------------------------
Justin M. Faggioli                           Julie Morin-Wisner


/s/ W. Reed Foster                           /s/ John D. Nichols
----------------------------------------     --------------------------------
W. Reed Foster                               John D. Nichols


/s/ W. Reed and Lois Foster                  /s/ James F. Wisner
----------------------------------------     --------------------------------
W. Reed and Lois Foster                      James F. Wisner


/s/ William R. Hambrecht
----------------------------------------
William R. Hambrecht