Exhibit 10.2





 


March 26, 2012


 


 


 


Mr. Mike Cekay


810 Symphony Street


Lake Forest, IL 60045


 


Re:Offer Letter -- Senior Vice President of Global Sales


 


I am delighted to offer you a full-time Senior Vice President
of Global Sales position with Crimson Wine Group (the “Company” or “Crimson Wine Group”). This letter sets
forth the terms of the offer, which, if you accept, will govern your employment. You will report to me, Erle Martin, President
and CEO. Your employment is tentatively scheduled to start on Monday, April l6, 2012.


This offer of employment is contingent on the completion
of a medical evaluation and drug test by the Company’s medical provider. This physical, drug test and background check will
be the financial responsibility of The Company.


Your compensation will be $275,000 annually, payable bi-weekly
every other Friday. You will be eligible for an annual bonus in an amount to be determined by the Company in its discretion up
to 30% bonus target of your base salary plus an accelerator to be determined annually. The amount of any annual bonus paid by the
Company will be based upon the company performance and your performance, as determined by the Company, against mutually agreed
upon goals between you and me. You are also eligible for a long term incentive plan for the period of 2013 to 2015. You will receive
details on this plan during calendar year 2012, prior to the start of the plan year in 2013. In addition, you will receive a car
allowance benefit of $1,400.00 on a monthly basis.


The position as a Senior Vice President of Global Sales is
classified as exempt -- one who works in a professional or managerial category. Exempt employees are-not eligible for overtime
compensation under the Federal Fair Labor Standards Act (FLSA) or State law.


You will be eligible for medical, dental and vision benefits
effective May 1, 2012. You will accrue a total of five weeks paid vacation and be eligible for paid time off for Company holidays
consistent with the Company’s policies and procedures in effect at the time of your start date. These benefits may be amended
or modified by the Company at any time with or without notice at the Company’s discretion. A list of current Company Benefits
is attached for your reference.




5901 Silverado Trail / Napa, California 94558 / www.crimsonwinegroup.com








During your first 90-days of your employment with the Company
I will consider your employment to be on an introductory or probationary basis for performance review purposes only. During that
90-day period, you will be expected to become familiar with Company policies and procedures, your job duties and responsibilities.
I encourage you to ask questions during this time as you learn about the Company. At the completion of this 90-days period, I will
give you verbal or written feedback on your performance. Should your performance during the 90-day period not meet with the expectations
set forth by me, your employment may be terminated. After that 90-day period if you remain an employee of the Company your performance
will be reviewed annually at the end of each calendar year you remain employed with the Company. Your successful completion of
the 90-day period does not change the “at-will” status of your employment.


Your employment relationship will be terminable ‘‘at
will,” which means that either you or the Company may terminate your employment at any time and for any reason or for no
reason with or without notice. By signing and returning this letter to the Company you acknowledge and agree that your employment
is at-will. In the event a dispute does arise, this letter, including the validity, interpretation, construction and performance
of this letter, shall be governed by and construed in accordance with the substantive laws of the State of California. Jurisdiction
for resolution of any disputes shall be solely in California.


Upon your acceptance, this letter will contain the entire
agreement and understanding between you and the Company and supersedes any prior or contemporaneous agreements, understandings,
communications, offers, representations, warranties, or commitments by or on behalf of the Company (oral or written). The terms
of your employment may in the future be amended, but only in writing which is signed by both you and, on behalf of the Company,
by a duly authorized officer.


If these terms are agreeable to you, please sign and date
the letter in the appropriate space at the bottom and return it to Human Resources by March 30, 2012. If you have any questions
please feel free to give me a call or our Director of Human Resources, Tracy Leisek at (707) 257-4755.


I am delighted to have you join the Sales team at Crimson
Wine Group.


Sincerely,


 


/s/ Erle Martin


Erle Martin

President and CEO


Agreed and Accepted:


 


/s/ Mike Cekay Fax 707-257-4790


Mike Cekay


Date: 3.26.12