Document:

EX-10.14

 Exhibit 10.14 

Execution Version 
 AMENDED AND
RESTATED 
 VOTING AGREEMENT 

THIS AMENDED AND RESTATED VOTING AGREEMENT (the “Agreement”) is among Vintage Wine Estates, Inc., a California
corporation (the “Company”), Marital Trust D under the Leslie G. Rudd Living Trust (as successor to the Leslie G. Rudd Living Trust) and the SLR Non-Exempt Trust (as successor to the
SLR 2012 Gift Trust) (each, a “Rudd Shareholder” and, together, the “Rudd Shareholders”) and the Patrick A. Roney and Laura G. Roney Trust and Sean Roney (each, a “Roney Shareholder” and,
together, the “Roney Shareholders”), each in its or his capacity as a shareholder (each, a “Shareholder” and, collectively, the “Shareholders”) of the Company. Leslie G. Rudd is
referred to herein individually as “Rudd” and Patrick A. Roney is referred to herein individually as “Roney.” All provisions of this Agreement shall be effective upon the Closing referred to below. 

RECITAL 
 A. Rudd and Roney founded
the Company and managed its growth and development together until Rudd passed away in 2018; 
 B. The Rudd Shareholders and the Roney Shareholders
collectively own a majority of the issued and outstanding Shares (as defined below) in the Company; 
 C. The Rudd Shareholders and the Roney Shareholders
are privy to an Amended and Restated Voting Agreement dated as of April 3, 2018 with and relating to the Company (the “Existing Agreement”). 

D. The Rudd Shareholders and the Roney Shareholders have consented to the terms and conditions of that certain Transaction Agreement dated February 3,
2021 among Bespoke Capital Acquisition Corp., a special purpose acquisition corporation incorporated under the laws of the Province of British Columbia (“Parent”), VWE Acquisition Sub Inc., a Delaware corporation (“Merger
Sub”), and the Company, among other parties (the “Transaction Agreement”), and the consummation of the transactions contemplated by the Transaction Agreement (the “Closing”); 

E. Among the transactions contemplated by the Transaction Agreement are: the domestication of Parent as a Nevada corporation and the change of its name to
Vintage Wine Estates, Inc.; and the merger of Merger Sub with and into the Company, with the result that the Company will become a wholly-owned subsidiary of Parent upon the Closing; and 

F. Upon the Closing, the Rudd Shareholders and the Roney Shareholders also will become parties to a certain Investor Rights Agreement as defined in the
Transaction Agreement (the “Investor Rights Agreement”), which will govern certain voting and other matters that may also be addressed by this Agreement. 

 AGREEMENT 

NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth below, the receipt and sufficiency of which is hereby
acknowledged, the parties agree as follows: 
 1. Voting.  

1.1 Voting. Each Shareholder who is a party to this Agreement agrees to vote, or cause to be voted, in each case pursuant to written
instructions, all Shares owned by such Shareholder, or over which such Shareholder has voting control, from time to time and at all times, as required by this Agreement, including, without limitation, voting for members of the Board of Directors of
Parent (the “Board”). 
 (a) Until his death or incapacity, Roney may, after conferring with the Rudd Representative,
exercise the right to determine how all Shareholders who are parties to this Agreement shall vote, act or consent pursuant to this Section 1.1. 

(b) Upon the death or incapacity of Roney, the trustee of the Rudd Shareholder that owns the most Shares (the “Rudd
Representative”) may exercise the right to determine how all Shareholders who are parties to this Agreement shall vote, act or consent pursuant to this Section 1.1. 

For purposes of this Agreement, the term “Shares” shall mean and include any securities issued by Parent the holders of which
are entitled to vote for members of the Board, including, without limitation, all shares of Parent common stock owned upon the Closing or subsequently acquired by a Shareholder, however acquired, whether through stock splits, stock dividends,
reclassifications, recapitalizations, similar events or otherwise. 
 1.2 No Liability for Election of Recommended Directors. No
Shareholder, nor any Affiliate (as defined below) of any Shareholder, shall have any liability as a result of designating a person for election as a director for any act or omission by such designated person in his or her capacity as a director of
Parent, nor shall any Shareholder have any liability as a result of voting for any such designee in accordance with the provisions of this Agreement. For purposes of this Agreement, an individual, firm, corporation, partnership, association, limited
liability company, trust or any other entity (collectively, a “Person”) shall be deemed an “Affiliate” of another Person who, directly or indirectly, controls, is controlled by or is under common control with such
Person, including, without limitation, any general partner, managing member, officer or director of such Person or any venture capital fund now or hereafter existing that is controlled by one or more general partners or managing members of, or
shares the same management company with, such Person. 
 2. Irrevocable Proxy and Power of Attorney. Each party to this Agreement
hereby constitutes and appoints as the proxies of the party and hereby grants a power of attorney to Roney or the Rudd Representative, as the case may be (each, the “Proxy Holder”), with full power of substitution, with respect to
the matters set forth herein, including, without limitation, election of persons as members of the Board and votes on matters of business in accordance with Section 1 hereto, and hereby authorizes the Proxy Holder to
represent and vote, if and only if the 

  
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party (a) fails to vote, or (b) attempts to vote (whether by proxy, in person or by written consent), in a manner which is inconsistent with the direction of the Proxy Holder, all of
such party’s Shares as determined by the Proxy Holder in its sole discretion. Each of the proxy and power of attorney granted pursuant to the immediately preceding sentence is given in consideration of the agreements and covenants of the
Company and the other parties to this Agreement in connection with the transactions contemplated by this Agreement and, as such, each is coupled with an interest and shall be irrevocable unless and until this Agreement terminates or expires pursuant
to Section 4.6 hereof. Each party hereto hereby revokes any and all previous proxies or powers of attorney with respect to the Shares (other than those granted pursuant to the Investor Rights Agreement) and shall not
hereafter, unless and until this Agreement terminates or expires pursuant to Section 5 hereof, purport to grant any other proxy or power of attorney with respect to any of the Shares, deposit any of the Shares into a voting
trust or enter into any agreement (other than this Agreement or the Investor Rights Agreement), arrangement or understanding with any person, directly or indirectly, to vote, grant any proxy or give instructions with respect to the voting of any of
the Shares, in each case, with respect to any of the matters set forth herein. 
 3. Specific Enforcement; Remedies Cumulative. Each
party acknowledges and agrees that each party hereto will be irreparably damaged in the event any of the provisions of this Agreement are not performed by the parties in accordance with their specific terms or are otherwise breached. Accordingly, it
is agreed that each of the Shareholders shall be entitled to an injunction to prevent breaches of this Agreement, and to specific enforcement of this Agreement and its terms and provisions in any action instituted in any court of the United States
or any state having subject matter jurisdiction. All remedies, either under this Agreement or by law or otherwise afforded to any party, shall be cumulative and not alternative. 

4. Miscellaneous. 
 4.1
Successors and Assigns. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors and assigns of the parties. Nothing in this Agreement, express or implied, is intended to confer
upon any person other than the parties hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as otherwise expressly provided in this Agreement or in the
Investor Rights Agreement. Except in connection with a permitted transfer of a Shareholder’s Shares that is in compliance with the Investor Rights Agreement, the rights and obligations of a Shareholder hereunder may not be assigned under any
circumstances. 
 4.2 Governing Law. This Agreement shall be governed by the internal laws of the State of California without regard
to principles relating to conflicts of law. 
 4.3 Counterparts. This Agreement may be executed in or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute one and the same instrument. Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature complying with the U.S. federal ESIGN
Act of 2000, e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes. 

  
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 4.4 Titles and Subtitles. The titles and subtitles used in this Agreement are used
for convenience only and are not to be considered in construing or interpreting this Agreement. 
 4.5 Notices. All notices and other
communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given upon the earlier of actual receipt or (a) personal delivery to the party to be notified, (b) when sent, if sent by electronic
mail or facsimile during normal business hours of the recipient, and if not sent during normal business hours, then on the recipient’s next business day, (c) five days after having been sent by registered or certified mail, return receipt
requested, postage prepaid, or (d) one business day after the business day of deposit with a nationally recognized overnight courier, freight prepaid, specifying next business day delivery, with written verification of receipt. All
communications shall be sent to the respective parties at their address as set forth on the signature page hereto, or to such email address, facsimile number or address as subsequently modified by written notice given in accordance with this
Section 6.5. 
 4.6 Effective Date, Amendments, Waivers and Termination. The Existing Agreement shall
terminate and this Agreement shall become effective upon the Closing. Thereafter, this Agreement may be amended or terminated and the observance of any term hereof may be waived (either generally or in a particular instance and either retroactively
or prospectively) only by a written instrument executed by Shareholders holding more than fifty percent (50%) of the Shares of the Roney Shareholders and Shareholders holding more than fifty percent (50%) of the Shares of the Rudd
Shareholders, which shall be binding on each party and all of such party’s successors and permitted assigns, whether or not any such party, successor or assignee entered into or approved such amendment, termination or waiver. Otherwise, this
Agreement shall remain in effect unless and until the Transaction Agreement or the Investor Rights Agreement shall terminate in accordance with its terms, whereupon this Agreement shall terminate. The Existing Agreement shall be reinstated so as to
be binding upon the parties to this Agreement upon any termination of the Transaction Agreement. 
 4.7 Delays or Omissions. No delay
or omission to exercise any right, power or remedy accruing to any party under this Agreement, upon any breach or default of any other party under this Agreement, shall impair any such right, power or remedy of such
non-breaching or non-defaulting party nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of or in any similar breach
or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default previously or thereafter occurring. Any waiver, permit, consent or approval of any kind or character on the part
of any party of any breach or default under this Agreement, or any waiver on the part of any party of any provisions or conditions of this Agreement, must be in writing and shall be effective only to the extent specifically set forth in such
writing. All remedies, either under this Agreement or by law or otherwise afforded to any party, shall be cumulative and not alternative. 

4.8 Severability. The invalidity or unenforceability of any provision hereof shall in no way affect the validity or enforceability of
any other provision. 

  
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 4.9 Entire Agreement. This Agreement, along with the Investor Rights Agreement,
constitutes the full and entire understanding and agreement between the parties with respect to the subject matter hereof. The Existing Agreement and any other written or oral agreement relating to the subject matter hereof existing between persons
that are party or privy to this Agreement are expressly canceled, subject to reinstatement as provided in Section 4.6. 
 4.10 Stock
Splits, Stock Dividends, etc. In the event of any issuance of Shares of the Company’s voting securities hereafter to any of the Shareholders (including, without limitation, in connection with any stock split, stock dividend,
recapitalization, reorganization, or the like), such Shares shall become subject to this Agreement. 
 4.11 Manner of Voting. The
voting of Shares pursuant to this Agreement may be effected in person, by proxy, by written consent or in any other manner permitted by applicable law, the Investor Rights Agreement and the applicable provisions of the Bylaws of the Company. For the
avoidance of doubt, voting of the Shares pursuant to the Agreement need not make explicit reference to the terms of this Agreement. 
 4.12
Further Assurances. At any time or from time to time after the date hereof, the parties agree to cooperate with each other, and at the request of any other party, to execute and deliver any further instruments or documents and to take all
such further action as the other party may reasonably request in order to evidence or effectuate the consummation of the transactions contemplated hereby and to otherwise carry out the intent of the parties hereunder. 

4.13 Dispute Resolution; Jury Trial Waiver. The parties hereto agree that the appropriate, exclusive and convenient forum for any
disputes between any of the parties hereto arising out of or related to this Agreement or the transactions contemplated hereby shall be the courts sitting in Oakville, California. Each party hereto hereby irrevocably and unconditionally consents to
submit to the exclusive jurisdiction of such courts for any actions, suits or proceedings arising out of or relating to this Agreement and the transactions contemplated hereby (and agrees not to commence any action, suit or proceeding relating
thereto except in such courts, and further agrees that service of any process, summons, notice or document by U.S. registered mail to the address set forth above shall be effective service of process for any action, suit or proceeding brought in any
such court). Each party hereto hereby irrevocably and unconditionally waives any objection which it may now or hereafter have to the laying of venue of any action, suit or proceeding arising out of this Agreement or the transactions contemplated
hereby in such courts, and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum. EACH
PARTY HEREBY WAIVES ITS RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR THE SUBJECT MATTER HEREOF. THE SCOPE OF THIS WAIVER IS INTENDED TO BE
ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING, WITHOUT LIMITATION, CONTRACT CLAIMS, TORT CLAIMS (INCLUDING
NEGLIGENCE), BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. THIS SECTION HAS BEEN FULLY DISCUSSED BY EACH OF THE PARTIES HERETO AND 

  
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THESE PROVISIONS WILL NOT BE SUBJECT TO ANY EXCEPTIONS. EACH PARTY HERETO HEREBY FURTHER WARRANTS AND REPRESENTS THAT SUCH PARTY HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL, AND THAT SUCH
PARTY KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. 
 4.14 Aggregation of Stock.
All Shares held or acquired by a Shareholder and/or its Affiliates shall be aggregated together for the purpose of determining the availability of any rights under this Agreement, and such Affiliated persons may apportion such rights as among
themselves in any manner they deem appropriate. 
 4.15 Spousal Consent. If any individual Shareholder is married on the date of this
Agreement and resident of a state where such Shareholder is subject to community property laws, such Shareholder’s spouse shall execute and deliver to the Company a consent of spouse in the form of Exhibit A hereto (“Consent of
Spouse”), effective on the date hereof. Notwithstanding the execution and delivery thereof, such consent shall not be deemed to confer or convey to the spouse any rights in such Shareholder’s Shares that do not otherwise exist by
operation of law or the agreement of the parties. If any individual Shareholder resident of a state where such Shareholder is subject to community property laws should marry or remarry subsequent to the date of this Agreement, such Shareholder shall
within thirty (30) days thereafter obtain his/her new spouse’s acknowledgement of and consent to the existence and binding effect of all restrictions contained in this Agreement by causing such spouse to execute and deliver a Consent of
Spouse acknowledging the restrictions and obligations contained in this Agreement and agreeing and consenting to the same. 
 4.16
Attorneys’ Fees. If any action at law or in equity (including arbitration) is necessary to enforce or interpret the terms of this Agreement, the prevailing party shall be entitled to reasonable attorneys’ fees, costs and necessary
disbursements in addition to any other relief to which such party may be entitled. 
 [Signature Pages Follow] 

  
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 IN WITNESS WHEREOF, the parties have executed this Amended and Restated Voting Agreement as
of immediately before the Closing. 
  

			
	VINTAGE WINE ESTATES, INC.
		
	By:	 	/s/ Patrick A. Roney
	Name:	 	Patrick A. Roney
	Title:	 	Chief Executive Officer
	
	MARITAL TRUST D UNDER THE LESLIE G. RUDD LIVING TRUST U/A/D 3/31/1999, AS AMENDED
		
	By:	 	/s/ Darrel D. Swank
	Name:	 	Darrell D. Swank
	Title:	 	Trustee
		
	By:	 	/s/ Steven Kay
	Name:	 	Steven Kay
	Title:	 	Trustee

 SIGNATURE PAGE TO AMENDED AND RESTATED VOTING AGREEMENT 

VINTAGE WINE ESTATES, INC. 

 
			
	SLR NON-EXEMPT TRUST UAD 4/21/2018
		
	By:	 	/s/ Darrell D. Swank
	Name:	 	Darrell D. Swank
	Title:	 	Trustee
		
	By:	 	/s/ Steven Kay
	Name:	 	Steven Kay
	Title:	 	Trustee
		
	By:	 	/s/ Patrick A. Roney
	Name:	 	Patrick A. Roney
	Title:	 	Trustee
	
	PATRICK A. RONEY AND LAURA G. RONEY TRUST
		
	By:	 	/s/ Patrick A. Roney
	Name:	 	Patrick A. Roney
	Title:	 	Trustee
		
	By:	 	/s/ Laura G. Roney
	Name:	 	Laura G. Roney
	Title:	 	Trustee

 SIGNATURE PAGE TO AMENDED AND RESTATED VOTING AGREEMENT 

VINTAGE WINE ESTATES, INC. 

 
			
	SEAN RONEY
		
	By:	 	/s/ Sean Roney
	Name:	 	Sean Roney

 SIGNATURE PAGE TO AMENDED AND RESTATED VOTING AGREEMENT 

VINTAGE WINE ESTATES, INC. 

 EXHIBIT A 

CONSENT OF SPOUSE 
 I, Brittany
Roney, spouse of Sean Roney, acknowledge that I have read the Amended and Restated Voting Agreement to which this Consent is attached as Exhibit A (the “Agreement”), and that I know the content of the Agreement. I am aware that the
Agreement contains provisions regarding the voting and transfer of shares of capital stock of the Company that my spouse may own, including any interest I might have therein. 

I hereby agree that my interest, if any, in any shares of capital stock of the Company subject to the Agreement shall be irrevocably bound by
the Agreement and further understand and agree that any community property interest I may have in such shares of capital stock of the Company shall be similarly bound by the Agreement. 

I am aware that the legal, financial and related matters contained in the Agreement are complex and that I am free to seek independent
professional guidance or counsel with respect to this Consent. I have either sought such guidance or counsel or determined after reviewing the Agreement carefully that I will waive such right. 

Dated: May 17, 2021 
  

	
	/s/ Brittany Roney
	Brittany RoneyEX-10.34(a)

 Exhibit 10.34(a) 

DEPOSITARY AGREEMENT 
 June 7, 2021

 TSX Trust Company 
 301 - 100 Adelaide Street West 

Toronto, Ontario M5H 4H1 
 Attention: Vice-President,
Corporate Trust 
 Dear Sirs/Mesdames: 
 Bespoke Capital
Acquisition Corp., a Toronto Stock Exchange listed special purpose acquisition corporation incorporated under the Laws of the Province of British Columbia (and, after the Domestication, Vintage Wine Estates, Inc., a Nevada corporation)
(“Parent”); VWE Acquisition Sub Inc., a Delaware corporation and a wholly owned Subsidiary of Parent (“Merger Sub”); Vintage Wine Estates, Inc., a California corporation (“VWE”); and Darrell D.
Swank (“Stockholder Representative”) have entered into the Transaction Agreement, dated as of February 3, 2021 (together with all exhibits, schedules and annexes thereto, as amended, modified or supplemented from time to time
in accordance with its terms, the “Transaction Agreement”) pursuant to which, at the Effective Time (as defined in the Transaction Agreement), Merger Sub will merge with and into VWE (the “Merger”) and VWE shall
survive as a wholly owned subsidiary of the Parent. A copy of the Transaction Agreement and the subsequent amendment are attached hereto as Schedule “A”. Parent shall provide written notice (email being
sufficient) to TSX Trust of the Effective Time. Until TSX Trust receives such written notice, TSX Trust shall be entitled to assume that the Effective Time has not occurred. 

At the Effective Time, each share of Series A stock and Series B stock of VWE (such shares, the “VWE Shares”), other than Dissenting Shares
and Excluded Shares, will, by virtue of the Merger and without any action on the part of any person be automatically cancelled and extinguished and converted into (a) the right to receive the Per Share Merger Consideration less the Per Share
Adjustment Escrow Deposit and (b) a contingent right to receive, if and when payable, (1) the Per Share Adjustment Escrow Release and (2) the Per Share Earnout Shares. 

At the Effective Time, Parent will deliver a treasury direction (the “Treasury Direction”) to the transfer agent for the Parent, with a copy
to You, with respect to the issue of the common shares of Parent (the “Parent Shares”) sufficient to deliver the Merger Consideration less the Adjustment Escrow Deposit (the “Deposited Shares”). 

The foregoing recitals are made as statements of fact by VWE and Parent and not by TSX Trust Company (“You” or “TSX Trust”).

 Terms used in this agreement (the “Agreement”) without definition but with initial capital letters have the same meaning herein as in
the Transaction Agreement. 

 1.    Appointment 

VWE and Parent hereby appoint TSX Trust to act as depositary under the Transaction Agreement for receipt and confirmation of Letters of Transmittal and
transfer of Parent Shares to Registered Shareholders in accordance with the terms and conditions of this Agreement and TSX Trust hereby accepts such appointment. 

2.    Letters of Transmittal 

2.1 The letter of transmittal (“Letter of Transmittal”) to be delivered by holders of VWE Shares in exchange for each Registered
Shareholder’s pro-rata share of the Merger Consideration provided for in the Transaction Agreement is in the form of Schedule “B” hereto, or as such may be amended with your consent, such
consent not to be unreasonably withheld. The Letters of Transmittal shall be mailed (or electronically delivered) to registered holders of VWE Shares (“Registered Shareholders”) by You pursuant to the addresses listed in the
register of VWE Shares provided to You in Your required file format, which register is also attached hereto as Schedule “C” (the “VWE Share Register”), as soon as practicable following the Effective Time, but
in any event no later than five Business Days after the Effective Time. As depositary under the Transaction Agreement, You will receive Letters of Transmittal and related documents from VWE Registered Shareholders but this will not include any
certificates evidencing VWE Shares and you will instead rely on the VWE Share Register delivered to you by VWE and Parent. You agree to: 
  

	 	(a)	 hold all Letters of Transmittal and any accompanying materials representing VWE Shares; 

 

	 	(b)	 ascertain that all Letters of Transmittal are completed in accordance with the terms thereof, with signatures
guaranteed in accordance with the instructions thereon, and are accompanied by all other documents that may be required in connection therewith; and 

  

	 	(c)	 verify that the registration details of the Registered Shareholders provided in the Letters of Transmittal
agree with the VWE Share Register. 

 2.2 All Letters of Transmittal deposited with You under the Transaction Agreement shall set forth
the number of VWE Shares in the name of each Registered Shareholder. You will be entitled to treat as issued and outstanding the VWE Shares represented by any Letter of Transmittal for VWE Shares if the name on such Letters of Transmittal conforms
to the name of a Registered Shareholder as it appears on the VWE Share Register and the number of VWE Shares represented by such Letter of Transmittal conforms to the number of VWE Shares for such Registered Shareholder as it appears on the VWE
Share Register. 

 2.3 All Letters of Transmittal shall be dated and time stamped by You when received in duly completed form
(together with all other required documentation contemplated thereby) and You shall provide VWE and Parent with a report of the Letters of Transmittal received to date on a periodic basis and upon their request. 

3.    Improper Deposits 
 3.1
If TSX Trust has any doubt whether any Letters of Transmittal have been properly deposited under the Transaction Agreement, You will seek the advice of Parent’s counsel, Jones Day, as to the acceptability of the deposit. If reasonable efforts
to correct an improper deposit prove to be unsuccessful, You will reject any such deposit if, in the opinion of our counsel, the deposit has been made improperly and You will take the necessary corrective action as specified in this Section 3.

 3.2 If the name of a member of the Investment Industry Regulatory Organization of Canada or a recognized Canadian stock exchange is indicated on a Letter
of Transmittal for a deposit which has been judged improper, You will make reasonable efforts to contact such member with a view to obtaining a proper deposit. 

3.3 If a Letter of Transmittal or other required document has been improperly completed or signed, or some other irregularity in connection with a deposit
exists, You will make reasonable efforts to contact such holder to cause such irregularity to be corrected. 
 3.4 If reasonable efforts to correct an
improperly completed Letter of Transmittal or other required documentation prove to be unsuccessful, You will, as soon as reasonably practicable, return to the depositing holder the Letter of Transmittal any required documentation which is the
subject of such improper deposit together with a statement as to the reasons why the deposit was rejected and the steps to correct such deposit. 
 3.5
Notwithstanding the foregoing Sections, Parent shall have full discretion to determine whether any Letter of Transmittal are complete and proper and Parent has the absolute right to determine whether to accept or reject any or all Letters of
Transmittal not in proper form. 
 4.    Determination of Entitlement of Registered Shareholders 

4.1 At the Effective Time, Parent will deposit with You, as depositary, the Deposited Shares. If, after the determination of the Final Merger Consideration in
accordance with Section 2.7 of the Transaction Agreement, there is a Merger Consideration Surplus in excess of the Adjustment Escrow Deposit, Parent will deliver a Treasury Direction to the transfer agent for the Parent, with a copy to You,
with respect to the issue of the Parent Shares sufficient to deliver one Parent Share for every $10 increment by which Merger Consideration Surplus exceeds the Adjustment Escrow Deposit (the “Surplus Shares”). In such event, Surplus
Shares will be distributed in the same manner as the Deposited Shares and will be treated as such from and after the date of the delivery of such Treasury Direction. All securities deposited and delivered to You under this
Section 4.1 shall be held by You, as depositary, and released to Registered Shareholders only in accordance with the provisions of Section 5.1 hereof. 

 Parent shall deliver to You at or prior to the Effective Time a schedule detailing the pro-rata breakdown of the Deposited Shares to be transferred to the Registered Shareholders in the form of the Company Shareholder Allocation Schedule as contemplated under the Transaction Agreement (the “Pro-Rata Shares”). You shall deliver the Deposited Shares to such Registered Shareholders pursuant to the pro-rata allocation provided in the Company Shareholder
Allocation Schedule, this Agreement, and the Letters of Transmittal. If it is not clear as to the applicable Pro-Rata Shares to be paid to any Registered Shareholder, You may reach out to Parent who will
provide You with any necessary direction. 
 5.    Delivery of Parent Shares 

5.1 For properly deposited Letters of Transmittal received by You, You will, as soon as practicable upon Your receipt of the Treasury Direction, the Company
Shareholder Allocation Schedule and written notice from the Parent that the Merger is effective or, with respect to the Surplus Shares, the Final Merger Consideration has been determined and a revised Company Shareholder Allocation Schedule has been
provided to You, as applicable, arrange for the delivery of the Deposited Shares or the Surplus Shares, if any, in accordance with the terms and conditions of this Agreement, the instructions in the Letters of Transmittal, and specifically in
accordance with this Section 5.1. You will not arrange for delivery of the Pro-Rata Shares to any given Registered Shareholder until the Letter of Transmittal and all
required documents for such Registered Shareholder are received by You on or after the Effective Time but on or prior to the first anniversary of the determination of the Final Merger Consideration, unless You are otherwise instructed in writing by
Parent. 
 Following the later of the Effective Time and the date a Registered Shareholder provides to You a duly completed Letter of Transmittal, together
with such other additional documents and instruments as provided for in the Letter of Transmittal duly executed and completed as TSX Trust may reasonably require, as soon as reasonably practicable thereafter, You shall 

 

	 	a)	 forward or cause to be forwarded by first class mail (postage prepaid) or in accordance with TSX Trust’s
standard mail insurance policy, to the holder at the address specified in the Letter of Transmittal; or 

  

	 	b)	 if the Letter of Transmittal does not specify an address, forward or cause to be forwarded by first class mail
(postage prepaid) or in accordance with Your standard mail insurance policy, to the holder at the address of such holder as shown on the VWE Share Register, 

a direct registration statement advice representing such Shareholder’s pro-rata portion of the Deposited Shares
which such Registered Shareholder has the right to receive in accordance with the Transaction Agreement. 

 Further, in the event that Parent deposits any Surplus Shares with You, then following the later of the date
that the Final Merger Consideration is determined and the date a Registered Shareholder provides to You a duly completed Letter of Transmittal, together with such other additional documents and instruments as provided for in the Letter of
Transmittal duly executed and completed as TSX Trust may reasonably require, as soon as reasonably practicable thereafter (provided that, for the avoidance of doubt, no Registered Shareholder will be required to provide a second Letter of
Transmittal if one has already been provided with respect to the Deposited Shares), You shall 
  

	 	c)	 forward or cause to be forwarded by first class mail (postage prepaid) or in accordance with TSX Trust’s
standard mail insurance policy, to the holder at the address specified in the Letter of Transmittal; or 

  

	 	d)	 if the Letter of Transmittal does not specify an address, forward or cause to be forwarded by first class mail
(postage prepaid) or in accordance with Your standard mail insurance policy, to the holder at the address of such holder as shown on the VWE Share Register, 

a direct registration statement advice representing such Shareholder’s pro-rata portion of the Surplus Shares
which such Registered Shareholder has the right to receive in accordance with the Transaction Agreement. 
 5.2 Under no circumstances will interest accrue
or be paid by VWE or Parent or TSX Trust to Registered Shareholders on the Pro-Rata Shares payable to Registered Shareholders pursuant to the Transaction Agreement, provided, however, You shall
hold and distribute to such Registered Shareholders any and all dividends paid, if any, by the Parent on the Deposited Shares or the Surplus Shares, if any, in your possession and shall transfer such dividends upon transfer of such Pro-Rata Shares to the relevant Registered Shareholders. 
 5.3 Notwithstanding the foregoing, in accordance with the
Transaction Agreement, subject to any applicable escheat laws, any Letters of Transmittal of the Registered Shareholders not delivered to You on or prior to the first anniversary of the determination of the Final Merger Consideration shall cease to
represent a claim or interest of any kind or nature, including a claim for dividends or other distributions, against VWE or the Parent by a former holder. On such date, upon written request of Parent, You shall return to Parent all cash held by You
at such time and cancel any remaining Deposited Shares or Surplus Shares that You hold for such holders at such time in respect of such former holders and return any unclaimed distributions or dividends to Parent. 

5.4 No Fractional Shares. 
 No fractional Parent Shares
will be issued pursuant to the Merger, and instead any such fractional share that would otherwise be issued will be rounded down to the nearest whole share, and such rounded Parent Shares will be reflected in the Company Shareholder Allocation
Schedule. 

 6.    Notices 

All notices and other communications hereunder shall be in writing and shall be deemed given when delivered personally, by email or facsimile (which is
confirmed) or dispatched to a nationally recognized overnight courier service with overnight delivery instructions, in each case addressed to the particular party at: 

If to VWE: 

Vintage Wine Estates, Inc. 

205 Concourse Boulevard 

Santa Rosa, CA 95403 

Attention: Patrick Roney 

E-mail: pat@vintagewineestates.com 

with copies to: 

Foley & Lardner LLP 

321 North Clark Street, Suite 3000 

Chicago, IL 60654 

Attention: Patrick Daugherty 

E-mail: pdaugherty@foley.com 

If to Parent: 

Bespoke Capital Partners 

115 Park Street, 3rd Floor 

London, W1K 7AP, United Kingdom 

Attention: Mark Harms 

Email: mark.harms@bespokecp.com 

with copies to counsel to: 

Jones Day 

250 Vesey Street 

New York, NY 10281 

Attention: Robert A. Profusek 

Julia V.S. Feldman 

E-mail: raprofusek@jonesday.com 

jfeldman@jonesday.com 

In the case of TSX Trust: 

TSX Trust Company 

301 - 100 Adelaide Street West 

Toronto, Ontario M5H 4H1 

Attention: Vice-President, Corporate Trust 

Facsimile No.: (416) 361-0470 

Email: tmxestaff-corporatetrust@tmx.com 

 or at such other address of which any party may, from time to time, advise the other parties by notice in
writing given in accordance with the foregoing. 
 7.    Fees 

Parent covenants to pay your fees and expenses (including without limitation postage, courier, long distance calls, applicable taxes, mailing insurance,
photocopying, fees and expenses of your legal counsel, agents and other experts You retain), as agreed to in writing, in connection with your duties hereunder. 

8.    Offices 
 You agree to
maintain your principal office in the city set out in the Letters of Transmittal to which Letters of Transmittal and related documents may be sent or delivered. 

9.    Indemnity 
 9.1 Without
limitation, VWE and Parent jointly and severally agree to defend, indemnify and hold You and your successors and assigns, and each of your respective directors, officers, employees and agents (the “Indemnified Parties”) harmless
against and from any demands, claims, assessments, proceedings, suits, actions, costs, judgments, penalties, interest, liabilities, losses, damages, debts, expenses and disbursements (including expert consultant and legal fees and disbursements on a
substantial indemnity, or solicitor and client, basis) (collectively, the “Claims”) that the Indemnified Parties, or any of them, may suffer or incur or that may be asserted against them, or any of them, in consequence of, arising
from or in any way relating to this Agreement (as the same may be amended, modified or supplemented from time to time) or your duties hereunder or any other services that You may provide to VWE or Parent in connection with or in any way relating to
this Agreement or your duties hereunder, except that no individual Indemnified Party shall be entitled to indemnification in the event such Indemnified Party is found to have acted in bad faith, engaged in willful misconduct or been grossly
negligent. For greater certainty, VWE and Parent agree to indemnify and save harmless the Indemnified Parties against and from any present and future taxes (other than income taxes), duties, assessments or other charges imposed or levied on behalf
of any governmental authority having the power to tax in connection with your duties hereunder. In addition, VWE or Parent, as the case may be, agree to reimburse, indemnify and save harmless the Indemnified Parties for, against and from all
reasonable legal fees and disbursements (on a substantial indemnity, or solicitor and client, basis) incurred by an Indemnified Party if VWE or Parent commences an action, or cross claim or counterclaim, against the Indemnified Party and the
Indemnified Party is successful in defending such claim. 

 9.2 You shall not be liable for any error in judgment, for any act done or step taken or omitted by You in
good faith, for any mistake of fact or law or for anything which You may do or refrain from doing in connection herewith except arising out of your bad faith or willful misconduct. 

9.3 In the event TSX Trust is in breach of this Agreement or its duties hereunder or any agreement or duties relating to any other services that TSX Trust may
provide to in connection with or in any way relating to this Agreement or TSX Trust’s duties hereunder, TSX Trust shall be liable for claims or damages only to an aggregate maximum amount equal to the amount of fees paid by Parent to TSX Trust
hereunder in the twelve months preceding the last of the events giving rise to such claims or damages, except to the extent that TSX Trust has acted in bad faith or engaged in willful misconduct. In no event shall TSX Trust be liable for indirect,
consequential, special loss or damage of any kind whatsoever (including but not limited to lost profits), even if TSX Trust has been advised of such loss or damage and regardless of the form of its action. 

9.4 Notwithstanding any other provision in this Agreement, this indemnity shall survive the termination of this Agreement or your removal or resignation in
connection with any and all of your duties and obligations under this Agreement. 
 9.5 You shall retain the right not to act and shall not be liable for
refusing to act under this Agreement if, due to a lack of information or for any other reason whatsoever, You, in your reasonable judgment, determine that such act might cause You to be in non-compliance with
any applicable anti-money laundering or anti-terrorist legislation, economic sanctions, regulation or guideline. Further, should You, in your reasonable judgment, determine at any time that your acting under this Agreement has resulted in your being
in non-compliance with any applicable anti-money laundering or anti-terrorist legislation, economic sanctions, regulation or guideline, then You shall have the right to resign on 10 days written notice to the
Parent and VWE, provided (i) that your written notice shall describe the circumstances of such non-compliance; and (ii) that if such circumstances are rectified to your reasonable satisfaction within
such 10 day period, then such resignation shall not be effective. 
 10.    Taxes 

10.1 Parent shall be solely responsible for all tax processing relating to or arising from the duties or actions contemplated by this Agreement,
including evaluation, reporting, remittance, filing, and issuance of tax slips, summaries and reports, except as is specifically delegated to You pursuant to this Agreement or as may be agreed subsequently, as confirmed in writing by the parties.

 10.2 You shall process only such tax matters as have been specifically delegated to You pursuant to this Agreement or as may be agreed subsequently, and,
in so doing, You do not undertake to carry out any inquiry, evaluation, reporting, remittance, filing or issuance of tax slips, summaries and reports necessarily incidental thereto, which shall remain the sole responsibility of Parent. You shall be
entitled to rely upon and assume, without further inquiry or verification, the accuracy and completeness of any tax processing information, documentation or instructions received by You, directly or indirectly, from or on behalf of the VWE or
Parent. It is agreed that any such direction must be supplied to You prior to processing any deposits of the VWE Shares. 

 11.    Termination 

This Agreement will automatically terminate upon the earlier of (i) all Deposited Shares and Surplus Shares, if any, being distributed to the Registered
Shareholders, along with any dividends accrued thereon or (ii) the date of the cancellation of the Deposited Shares and the Surplus Shares, if any, and the return of any dividends held thereon in accordance with Section 5.3 herein. 

12.    General 
 12.1 In acting
as depositary, TSX Trust: 
  

	 	(a)	 shall have no duties or obligations other than those set forth herein; 

 

	 	(b)	 shall not be obliged to take any legal action which might in your judgement involve any expense or liability
unless You shall have been furnished with reasonable funding and indemnity; 

  

	 	(c)	 may rely and shall be protected in acting upon the written instructions of VWE or Parent, consistent with the
terms of this agreement; 

  

	 	(d)	 may consult counsel satisfactory to You (including our counsel) at our expense (to the extent such fees are
reasonable) and the advice or opinion of such counsel shall be full and complete authorization or protection in respect of any action taken by You thereunder, in good faith, in accordance with the advice or opinion of such counsel;

  

	 	(e)	 shall be fully protected in acting and relying on any document, certificate, statement, instrument, opinion,
report or notice, believed by TSX Trust to be genuine and to have been signed, sent by or on behalf of the proper party or parties or delivered to You pursuant to this Agreement, as to its due execution, validity and effectiveness and as to the
truth and accuracy of any information contained therein; 

  

	 	(f)	 may employ or retain such counsel, accountants, or other experts or advisers as You may reasonably require for
the purpose of discharging your duties hereunder and may pay reasonable remuneration for all services so performed by any of them and shall not be responsible for any misconduct on the part of any of them. TSX Trust may act and rely and shall be
protected in acting and relying in good faith on the opinion or advice of or information obtained from any counsel, accountant or other expert or advisor, whether retained or employed by VWE or Parent or by You, in relation to any matter arising
under this Agreement; 

	 	(g)	 may resign your appointment as depositary hereunder and be discharged from all further duties and liabilities
hereunder by giving to VWE and Parent not less than 30 days prior notice in writing or such other shorter period as the parties may agree to in writing; and 

  

	 	(h)	 shall treat all Registered Shareholders in the same manner and shall not provide preferential treatment to any
holder or holders of VWE Shares in connection with deposits, deficiency of such deposits and payment. 

 12.2 This Agreement shall not be
assigned by any of the parties hereto without the prior written consent of the other; provided, however that this Agreement may be assigned by Parent to an Affiliate. Any corporation succeeding to TSX Trust’s corporate trust and
transfer agency business shall be the successor depositary hereunder without any further act on its part or any of the parties hereto. 
 12.3 This
Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns. 
 12.4 Any inconsistency
between this Agreement and the Transaction Agreement shall be resolved in favor of the Transaction Agreement, except with respect to the duties, liabilities and indemnifications of You as depositary which shall be resolved in favor of this
Agreement. 
 12.5 This Agreement shall be governed by and construed in accordance with the laws of the Province of Ontario and the laws of Canada
applicable therein. 
 12.6 This Agreement may be executed in any number of counterparts, and may be delivered by the transmission by facsimile or email of
a pdf. Each counterpart, when so executed, shall be deemed to be an original and all of which taken together shall constitute one and the same Agreement. 

12.7 VWE and Parent, acknowledge and agree that the fees of TSX Trust and the terms of this Agreement are confidential information and as such VWE and Parent
agree not to disclose any such fees to any third party, save and except for (i) to its professional advisors, held in confidence, or (ii) as required or compelled by law. 

12.8 Time shall be of the essence of this Agreement. 
 Kindly
indicate your acceptance of the terms of this letter by signing and returning to us the duplicate hereof, in which case this letter will form an agreement between us. 

[Signature Page Follows] 

  

			
	VWE:
	
	Vintage Wine Estates, Inc., a California corporation
		
	Per:	 	/s/ Patrick Roney
	Name:  Patrick Roney
	Title:    Chief Executive Officer

  

			
	Vintage Wine Estates, Inc., a Nevada corporation
		
	Per:	 	/s/ Patrick Roney
	Name:  Patrick Roney
	Title:    Chief Executive Officer

 Accepted and agreed to as of 7th day of June, 2021. 

 

			
	TSX TRUST COMPANY
		
	Per:	 	/s Donald Crawford
		 	Authorized Signatory
		
	Per:	 	/s/ Geralyn Krowles
		 	Authorized Signatory

 SCHEDULE “A” 

Transaction Agreement 

 SCHEDULE “B” 

LETTER OF TRANSMITTAL 

 SCHEDULE “C” 

VWE SHARE REGISTER 
 See attached.

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