Document:

EX-10.1

 Exhibit 10.1 

THIS PROMISSORY NOTE (“NOTE”) HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THIS NOTE HAS
BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY
THAT SUCH REGISTRATION IS NOT REQUIRED. 
 SECOND AMENDED AND RESTATED 

PROMISSORY NOTE 

June 29, 2022 
 Principal Amount: $501,097.62

 Brookline Capital Acquisition Corp., a Delaware corporation and blank check company (the “Maker”), promises to pay to the order of
Brookline Capital Holdings, LLC, a Delaware limited liability company, or its registered assigns or successors in interest (the “Payee”), or order, the principal sum of five hundred one thousand ninety-seven dollars and sixty-two cents ($501,097.62) in lawful money of the United States of America, on the terms and conditions described below. All payments on this Note shall be made by check or wire transfer of immediately available
funds or as otherwise determined by the Maker to such account as the Payee may from time to time designate by written notice in accordance with the provisions of this Note. 

1. Principal. The principal balance of this Note shall be payable by the Maker on the earlier of: (i) the date on which Maker consummates
its initial business combination or (ii) the date that the winding up of the Maker is effective (such date, the “Maturity Date”). The principal balance may be prepaid at any time, at the election of Maker. Under no
circumstances shall any individual, including but not limited to any executive officer, director, employee or stockholder of the Maker, be obligated personally for any obligations or liabilities of the Maker hereunder. 

2. Interest. No interest shall accrue on the unpaid principal balance of this Note. 

3. Application of Payments. All payments shall be applied first to payment in full of any costs incurred in the collection of any sum due under
this Note, including (without limitation) reasonable attorney’s fees, then to the payment in full of any late charges and finally to the reduction of the unpaid principal balance of this Note. 

4. Events of Default. The following shall constitute an event of default (“Event of Default”): 

(a) Failure to Make Required Payments. Failure by Maker to pay the principal amount due pursuant to this Note within five (5) business days of the
Maturity Date. 
 (b) Voluntary Bankruptcy, Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency,
reorganization, rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial
part of its property, or the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action by Maker in furtherance of any of the foregoing.

 (c) Involuntary Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Maker in an
involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any substantial part of its property, or
ordering the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days. 

 5. Remedies. 

(a) Upon the occurrence of an Event of Default specified in Section 4(a) hereof, Payee may, by written notice to Maker, declare this Note to be due
immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable hereunder, shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby
expressly waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding. 
 (b) Upon the occurrence of an Event
of Default specified in Sections 4(b) and 4(c), the unpaid principal balance of this Note, and all other sums payable with regard to this Note, shall automatically and immediately become due and payable, in all cases without any action on the part
of Payee. 
 6. Waivers. Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice
of dishonor, protest, and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted by Payee under the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or
future laws exempting any property, real or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under execution, or providing for any stay of execution, exemption from civil process, or
extension of time for payment; and Maker agrees that any real estate that may be levied upon pursuant to a judgment obtained by virtue hereof or any writ of execution issued hereon, may be sold upon any such writ in whole or in part in any order
desired by Payee. 
 7. Unconditional Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance,
default, or enforcement of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any other party, and shall not be affected in any manner by any indulgence, extension of time, renewal,
waiver or modification granted or consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted by Payee with respect to the payment or other provisions of this Note, and agrees that
additional makers, endorsers, guarantors, or sureties may become parties hereto without notice to Maker or affecting Maker’s liability hereunder. 

8. Notices. All notices, statements or other documents which are required or contemplated by this Note shall be made in writing and delivered:
(i) personally or sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission to the address designated in writing, (ii) by facsimile to the number most recently provided to such
party or such other address or fax number as may be designated in writing by such party or (iii) by electronic mail, to the electronic mail address most recently provided to such party or such other electronic mail address as may be designated
in writing by such party. Any notice or other communication so transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following receipt of written confirmation, if sent by facsimile or
electronic transmission, one (1) business day after delivery to an overnight courier service or five (5) days after mailing if sent by mail. 

9. Construction. THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF DELAWARE, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS
THEREOF. 
 10. Severability. Any provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction. 
 11. Trust Waiver. Notwithstanding anything herein to the contrary, the Payee hereby waives any and
all right, title, interest or claim of any kind (“Claim”) in or to any distribution of or from the trust account (the “Trust Account”) established in connection with Maker’s initial public offering (the
“IPO”), and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the Trust Account for any reason whatsoever; provided however that upon the consummation of the initial business
combination, Maker shall repay the principal balance of this Note out of the proceeds released to Maker from the Trust Account. 
 12. Amendment;
Waiver. Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent of the Maker and the Payee. 

13. Assignment. No assignment or transfer of this Note or any rights or obligations hereunder may be made by any party hereto (by operation of
law or otherwise) without the prior written consent of the other party hereto and any attempted assignment without the required consent shall be void; provided, however, that the foregoing shall not apply to an affiliate of Payee who agrees
to be bound to the terms of this Note. 
 [Signature page follows] 

 IN WITNESS WHEREOF, Maker, intending to be legally bound hereby, has caused this Note to be duly
executed by the undersigned as of the day and year first above written. 
  

			
	BROOKLINE CAPITAL ACQUISITION CORP.
	
	 /s/ Dr. Samuel P. Wertheimer

	 Dr. Samuel P. Wertheimer

Chief Executive Officer and ChairmanExhibit
10.1

SEPARATION AGREEMENT
AND RELEASE

This Separation Agreement
and Release (“Agreement”) is by and between Ellen Scipta (“Employee”) and Fresh Vine Wine, Inc.,
a Nevada Corporation (the “Company”), both of whom enter into this Agreement intending to be legally bound.

1.                 
Background Facts. Employee and the Company agree with the following facts. Employee hereby resigns her employment
effective June 24, 2022 (the “Separation Date”), and hereby resigns in her capacity as an officer of the Company, including
as the Chief Financial Officer, as of the Separation Date. Even if Employee does not enter into this Agreement, Employee will receive
payment of her final pay through the Separation Date. The Company will provide Employee with the “Separation Benefits” in
Section 2 below if, and only if, she signs and does not revoke the Agreement within the applicable time periods set forth in Section 4.

2.                 
Separation Benefits. In exchange for Employee’s waiver and release of claims set forth in Section 3 and other
promises set forth in this Agreement, and provided that Employee (a) signs, dates, and returns this Agreement within the time period described
in Section 4, and (a) does not revoke or rescind this Agreement within the time periods described in Section 4, the Company agrees
to provide Employee with the following “Separation Benefits”: (a) a gross, lump sum payment in the amount of $127,500,
less all relevant taxes and other withholdings; (b) a prorated portion of Employee’s target annual incentive bonus for the fiscal
year 2022, based upon the number of days during such fiscal year that Employee was employed under this Agreement, in the amount of $39,328.77,
less all relevant taxes and other withholdings, and (c) reimbursement of up to $15,000 of fees incurred by Employee for a reputable third-party
outplacement organization selected by Employee that is reasonably acceptable to the Company, during the six-month period immediately following
Employee’s Separation Date or until Employee secures subsequent employment, if sooner (the “Outplacement Service Benefits”).
Employee has selected Navigate Forward as a third-party outplacement organization, which the Company acknowledges is acceptable. Those
Separation Benefits payable under this Section 2(a) and 2(b) shall be paid on the first regular payroll date following the Effective Date
(defined below). In addition, in the event that the Company experiences a Change in Control, as defined in Employee’s March 24,
2022 Employment Agreement (“Employment Agreement”), within ninety (90) days of Employee’s last date of employment, Employee
will receive those additional payments and benefits identified in Section 5(c) of the Employment Agreement. Without conceding that such
severance obligations are owed, the Separation Benefits are provided in fulfillment of any severance obligations that the Company might
have under the Employment Agreement.

3.                 
Waiver and Release of Claims. In exchange for the Separation Benefits set forth in Section 2, Employee agrees to
unconditionally waive and release any and all claims, complaints, causes of action, or demands of whatever kind which Employee has or
may have against the Released Parties (as defined below) to the maximum extent permitted by applicable law up to the moment Employee signed
this Agreement, including any claims, complaints, causes of action, or demands relating in any way to Employee’s employment with
the Company and Employee’s separation from employment with the Company including, but not limited to, the following:

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		a.	All claims for any alleged unlawful discrimination, harassment, failure to accommodate, retaliation, interference,
reprisal arising, or other alleged unlawful practices under any federal, state, or local law, statute, ordinance, or regulation, including,
without limitation, rights or claims of discrimination, harassment, failure to accommodate, and retaliation under the federal Age Discrimination
in Employment Act (ADEA), federal Older Workers Benefit Protection Act (OWBPA), the Family and Medical Leave Act, the Americans with Disabilities
Act, Title VII of the Civil Rights Act of 1964, the Equal Pay Act, the Fair Credit Reporting Act (FCRA), the Worker Adjustment and Retraining
Notification (WARN) Act, the Uniform Services Employment and Reemployment Rights Act (USERRA), the Genetic Information Nondiscrimination
Act (GINA), the Immigration Reform and Control Act (IRCA), the Minnesota Human Rights Act (“MHRA”), the Minnesota Whistleblower
Act, Minnesota Whistleblower protection laws, the Minnesota Equal Pay for Equal Work law, all claims allowed under Minnesota Statute Chapters
177 and 181; the Minneapolis Civil Rights Ordinance (MCRO), Minneapolis Sick and Safe Time Ordinance, St. Paul Human Rights Ordinance
(SPHRO)all including applicable amendments;

 

		b.	All claims arising out of Employee’s employment and Employee’s separation from employment
including, but not limited to, claims based on alleged wrongful discharge, breach of contract, breach of implied contract, failure to
keep any promise, breach of a covenant of good faith and fair dealing, breach of fiduciary duty, defamation, infliction of emotional distress,
fraud, misrepresentation, negligence, constructive discharge, assault, battery, false imprisonment, invasion of privacy, interference
with contractual or business relationships, Employee’s activities, if any, as a “whistleblower,” and any violation of
any other principle of common law;

 

		c.	All claims for any other alleged unlawful employment practices related to Employee’s employment
or Employee’s separation from employment arising under any federal, state, or local law, statute, ordinance, or regulation including,
without limitation, Sections 1981 and 1983 of the Civil Rights Act of 1866, the Employee Retirement Income Security Act, the Fair Credit
Reporting Act or the National Labor Relations Act;

 

		d.	All claims for any other form of pay, compensation, or employee benefits of any kind that is not provided
in this Agreement including, without limitation, commissions, deferred compensation, stock-based incentive compensation, stock options,
phantom stock, equity of any kind, vacation or Paid Time Off (“PTO”) pay, expense reimbursement, and any other claims under
any applicable federal, state, and local law, statute, ordinance, or regulation to the fullest extent permitted by law;

 

		e.	All claims relating to discretionary, incentive or any other bonuses, total guaranteed compensation amounts,
payments relating to, or based on, net income of any Released Party (as defined below), participation in profits or other economic gain
of any Released Party, equity ownership of, or future vesting/issuance of equity in any Released Party;

 

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		f.	All claims for any other form of pay, compensation, equity, severance, or employee benefits under her
Employment Agreement that is not provided in this Agreement;

 

		g.	All claims Employee has now, whether or not Employee currently knows about or suspects the claims; and

 

		h.	All claims for attorneys’ fees, costs, or interest.

 

Employee understands and
agrees that the above list does not contain all claims that Employee is releasing. By signing this Agreement, Employee is fully and finally
waiving and releasing, to the fullest extent permitted by law, all claims against the Released Parties. Employee agrees that the Company’s
provision of the Separation Benefits is full and fair payment for the waiver and release of Employee’s claims and has a value greater
than anything Employee is entitled to if Employee does not sign this Agreement. Notwithstanding anything set forth in this Agreement,
specifically excluded from the waiver and release of claims set forth above are claims or disputes that: (i) relate to Employee’s
own vested or accrued employee benefits under Company’s qualified retirement benefit plans as of the Separation Date (if any); (ii)
by law cannot be released in a private agreement; (iii) arise after the date Employee signed this Agreement; (iv) relate to the obligations
of the Company under this Agreement; or (v) relate to the obligations of the Company to provide defense and/or indemnification for claims
brought against Employee arising from or related to Employee’s employment with the Company (or the holding of any office, position,
appointment, or official capacity with the Company or its affiliates) as may be required by law.

For purposes of this Agreement,
the term “Released Parties” means the Company and all of the Company’s past and present parents, subsidiaries,
and affiliated companies, and all and each of the past and present employees, officers, officials, managers, governors, members, directors,
agents, insurers, representatives, counsel, shareholders, owners, attorneys, partners, predecessors, successors, and assigns of any and
all of the foregoing entities and persons. In addition, for purposes of Section 3, the term “Employee” means Ellen
Scipta and any person who has or obtains any legal rights or claims against the Company or the Released Parties through Employee.

4.                 
Employee’s Legal Rights. 

		a.	Advice to Consult With an Attorney. This Agreement is a legal document. Employee has been advised
in writing to consult with an attorney prior to executing the Agreement.

 

		b.	Period to Consider this Agreement. Employee was given this Agreement on June 22, 2022, and Employee
has twenty-one (21) days following that date to consider the offer as expressed, including Employee’s waiver and release of rights
and claims of age discrimination under the ADEA, and to decide whether to sign this Agreement. Employee agrees that any changes to this
Agreement, whether they are material or immaterial, do not restart the running of the 21-day consideration period.

 

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		c.	Revocation/Rescission Periods. Employee understands that Employee has the right to revoke her waiver
of claims under the ADEA within seven (7) days after the date on which Employee signs this Agreement. Employee understands that Employee
has the right to rescind Employee’s waiver of claims under the MHRA within fifteen (15) calendar days after the date on which Employee
signs this Agreement. This Agreement shall not become effective or enforceable until both periods have expired without Employee’s
revocation or rescission of this Agreement.

 

		d.	Revocation/Rescission Procedure. To revoke or rescind, Employee must put revocation in writing,
and deliver it to the Company by hand to Damian Novak or by mail within the revocation or rescission period. If Employee delivers
revocation/rescission by mail, it must be: (i) postmarked within the 7-day period to revoke her waiver of claims under the ADEA and within
15-days to rescind her waiver of claims under the MHRA and SPHRO (if applicable); (ii) properly addressed to Damian Novak, Executive
Chairman, Fresh Vine Wine, Inc. 505 Highway 169 North, Suite 255 Plymouth, MN 55441 and (iii) sent by certified mail, return receipt
requested.

 

		e.	Effect of Revocation/Rescission. If Employee revokes or rescinds this Agreement as described in
this Section 4, Employee understands that (i) this Agreement is null and void, (ii) the Company shall have no obligation under this Agreement,
(iii) Employee will not receive the Separation Benefits set forth in Section 2, and (iv) Employee’s employment will still
end on the Separation Date.

 

5.                 
Filings. Employee understands that, without being penalized or having an obligation to notify the Company, this Agreement
does not prohibit Employee from filing an administrative charge of discrimination or complaint with the Securities and Exchange Commission,
Equal Employment Opportunity Commission, National Labor Relations Board, Occupational Safety and Health Administration, the Minnesota
Human Rights Department, Minneapolis Civil Rights Department, St. Paul Human Rights Commission, or any other federal, state, or local
governmental agency or commission or law enforcement agency (“Government Agencies”). Employee understands that this
Agreement does not limit Employee’s ability to communicate with any Government Agencies or otherwise participate in any investigation
or proceeding that may be conducted by any Government Agencies, including providing documents or other information, without notice to
the Company. If Employee had filed or files a charge or complaint, Employee agrees that the Company’s payment of the Separation
Benefits completely satisfies any and all claims for monetary relief in connection with such charge or complaint. Employee is not entitled
to any other monetary relief of any kind with respect to the claims that Employee has released in this Agreement unless Employee’s
waiver and release of claims is deemed unlawful or otherwise invalid.

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6.                 
Effective Date. This Agreement shall not become effective until the sixteenth (16th) day after the Employee signs,
without revoking or rescinding, this Agreement (“Effective Date”). No payments due to the Employee under this Agreement shall
be made or begin before the Effective Date

7.                 
Transition and Cooperation. Employee promises to reasonably transition her work responsibilities. Employee represents
that she has delivered all passwords for any Company devices and/or accounts in use at the time of the Separation Date. Employee will
cooperate with the Company and use her best efforts to be available, on a reasonable basis, to answer questions that may arise to achieve
a smooth transition after the Separation Date. Employee also agrees to be available to and cooperate with the Company and its counsel
in connection with any investigation, administrative proceeding or litigation relating to any matter, occurring during her employment,
in which she was involved or of which she has knowledge. Employee understands and agrees that such cooperation includes, but is not limited
to, making herself available to the Company and/or its counsel upon reasonable notice for: interviews and factual investigations; preparing
for and appearing to give testimony in a deposition or at trial without requiring service of a subpoena or other legal process; volunteering
to the Company or its counsel pertinent information; and turning over all relevant documents which are or may come into her possession.

8.                 
Mutual Non-disparagement. Employee will not disparage the Company, its products, services, systems, and other matters
pertaining to its business, and its directors, officers and employees including, without limitation, all and each of the members of its
management team. This non-disparagement obligation includes refraining from, directly or indirectly, making statements, comments or postings
on the internet regarding the Company resulting in, or potentially resulting in, harm to the Company (as determined in the Company’s
sole judgment). The Company agrees to instruct its officers and directors in the applicable roles on the Separation Date not to make any
defamatory, maliciously false, or disparaging remarks, comments, or statements about Employee. This non-disparagement provision does not
apply to legally protected communications and does not restrict or prohibit Employee or Company from making statements to or in any other
manner communicating with any Government Agencies, or making truthful statements in the course of litigation or in response to a subpoena,
court order or as otherwise required by law.

9.                 
Consideration. Employee agrees that (a) the Separation Benefit in Section 2 are above and beyond that to which Employee
would be entitled if Employee did not sign this Agreement, (b) the Separation Benefits in Section 2 constitute independent and sufficient
consideration for all aspects of this Agreement, and (c) Employee is not eligible for any other payments or benefits except for those
expressly described in this Agreement, provided that Employee signs and returns this Agreement within the specified time period and does
not revoke or rescind this Agreement.

10.             
Remuneration. Employee acknowledges and agrees that the Company has paid Employee all monies, wages, salary, accrued
and unused vacation or PTO, expenses and bonuses due to Employee through the Separation Date. Employee is not entitled to any additional
remuneration from the Company other than the consideration outlined within this Agreement. In addition, Employee acknowledges that Employee
is not aware of any time worked during Employee’s employment for which Employee has not already been fully compensated.

11.             
Acknowledgements. Employee acknowledges and agrees that she: (a) has not suffered any work-related injury for which
Employee has not already filed a claim; (b) has not been the victim of or suffered discrimination, harassment, retaliation, or adverse
employment action as the result of any other unlawful or unethical conduct while employed by the Company; and (c) has not engaged in any
unlawful conduct relating to the business of the Company.

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12.             
Confidentiality of this Agreement. Except to the extent (and only to the extent) publicly disclosed by the Company
pursuant to the requirements of applicable securities laws and the rules of the stock exchange on which the Company’s common stock
is listed, the terms and conditions of this Agreement are strictly confidential. Employee agrees that Employee will not disclose, discuss,
or reveal the existence or the terms of this Agreement except as follows: (a) as required by court order or as required by law; (b) to
Employee’s immediate family; or (c) to Employee’s attorneys, financial planners, and accountants. Employee must ensure that
any person or entity described in subsections (b) and (c) to whom such disclosures are made will, as a condition of such disclosure,
agree to keep the terms of this Agreement strictly confidential, and Employee will be responsible to the Company for any breach of such
confidentiality by any of them.

This Section does not in
any way restrict or impede the Employee from exercising protected rights to the extent that such rights cannot be waived by agreement
or from complying with any applicable law or regulation or a valid order of a court of competent jurisdiction or an authorized government
agency, provided that such compliance does not exceed that required by the law, regulation, or order. The Employee shall promptly provide
written notice of any such order to Damian Novak, Executive Chairman, Fresh Vine Wine, Inc. 505 Highway 169 North, Suite 255 Plymouth,
MN 55441.

 

13.             
Return of Property. Within fifteen (15) calendar days following the Separation Date, the Employee must return all
Company property, including identification cards or badges, access codes or devices, keys, laptops, computers, telephones, mobile phones,
hand-held electronic devices, credit cards, electronically stored documents or files, physical files, and any other Company property in
the Employee's possession. Employee further acknowledges and agrees that Employee no longer has access to and does not claim ownership
of any of Company's cloud storage or social media accounts.

14.             
Remedies. In the event of a breach or threatened breach by the Employee of any provision of this Agreement, Employee
hereby consents and agrees that money damages would not afford an adequate remedy and that the Company shall be entitled to seek a temporary
or permanent injunction or other equitable relief against such breach or threatened breach from any court of competent jurisdiction, without
the necessity of showing any actual damages, and without the necessity of posting any bond or other security. Any equitable relief shall
be in addition to, not in lieu of, legal remedies, monetary damages, or other available relief.

In the event the Employee
fails to comply with any of the terms of this Agreement or continuing obligations contained in it or the previously signed Employment
Agreement, the Company may, in addition to any other available remedies, reclaim any amounts paid to the Employee under the provisions
of this Agreement and terminate any benefits or payments that are later due under this Agreement, without waiving the releases provided
in it.

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15.             
Non-Admission. It is expressly understood that this Agreement does not constitute, nor shall it be construed as,
an admission by the Company of any liability or unlawful conduct whatsoever. The Company specifically denies any liability or unlawful
conduct on the Company’s part.

16.             
Acknowledgment Concerning Taxation. Employee agrees and acknowledges that neither the Company nor its attorneys have
made any express or implicit representations with respect to the tax implications of any separation benefit provided herein. Employee
understands and agrees that she is solely responsible for any taxes, interest and/or penalties that result from any payment made under
this Agreement and Employee shall indemnify, defend and hold the Company harmless for any taxes, interest and/or penalties that result
from payments made under this Agreement.

17.             
Section 409A. This Agreement is intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended
(“Section 409A”), including the exceptions thereto, and shall be construed and administered in accordance with such intent.
Notwithstanding any other provision of this Agreement, payments provided under this Agreement may only be made upon an event and in a
manner that complies with Section 409A or an applicable exemption. Any payments under this Agreement that may be excluded from Section
409A either as separation pay due to an involuntary separation from service, as a short-term deferral, or as a settlement payment pursuant
to a bona fide legal dispute shall be excluded from Section 409A to the maximum extent possible. For purposes of Section 409A, any installment
payments provided under this Agreement shall each be treated as a separate payment. To the extent required under Section 409A, any payments
to be made under this Agreement in connection with a termination of employment shall only be made if such termination constitutes a “separation
from service” under Section 409A. Notwithstanding the foregoing, The Company makes no representations that the payments and benefits
provided under this Agreement comply with Section 409A and in no event shall Company be liable for all or any portion of any taxes, penalties,
interest, or other expenses that may be incurred by Employee on account of non-compliance with Section 409A.

18.             
Attorneys' Fees and Costs. If either party breaches any terms of this Agreement or the continuing obligations
referenced in it, to the extent authorized by law, the non-breaching party will be responsible for payment of all reasonable attorneys’
fees and costs that the non-breaching party incurred in the course of enforcing the terms of this Agreement, including demonstrating the
existence of a breach and any other contract enforcement efforts.

19.             
Successors and Assigns. This Agreement is personal to Employee and may not be assigned by Employee without the written
agreement of the Company. The rights and obligations of this Agreement shall inure to the successors and assigns of the Company.

20.             
Interpretation. Captions and headings of the sections and paragraphs of this Agreement are intended solely for convenience
and no provision of this Agreement is to be construed by reference to the caption or heading of any section or paragraph. Moreover, this
Agreement shall not be construed against either Party as the author or drafter of the Agreement.

21.             
Severability. If a court finds any term of this Agreement to be invalid, unenforceable, or void, Employee and the
Company agree that the court shall modify such term to make it enforceable to the maximum extent possible. If the term cannot be modified,
Employee and the Company agree that the term shall be severed and all other terms of this Agreement shall remain in effect. Employee and
the Company agree that Employee’s waiver and release of claims should be interpreted as broadly as possible to achieve Employee’s
intention of releasing all claims against the Released Parties.

22.             
Continuing Obligations. Employee acknowledges and affirms Employee’s continuing obligations under the Employment
Agreement, including but not limited to those obligations addressing Confidential Information (Section 6); Restricted Activities (Section
7) and Intellectual Property (Section 8), which shall remain in full force and effect.

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23.             
Entire Agreement. This Agreement constitutes the sole understanding of Employee and the Company with respect to the
subject matters provided for herein. No other agreements, covenants, representations or warranties, express or implied, oral or written,
have been made by any party hereto to any other party concerning the subject matters hereof, provided, however, that nothing in this Agreement
modifies, supersedes, voids, or otherwise alters Employee's post-termination, continuing obligations under her Employment Agreement, which
shall remain in full force and effect. This Agreement may not be modified, altered, or changed in any way except by written agreement
signed by Employee and the Company’s duly authorized representative.

24.             
No Waiver. No claim or right arising out of a breach or default under this Agreement may be discharged by a waiver
of that claim or right unless the waiver is made in writing and signed by the Company’s duly authorized representative. A waiver
by any party of a breach or default of the other party of any provision contained in this Agreement shall not be deemed a waiver of future
compliance of such provisions, and such provisions shall remain in full force and effect.

25.             
Governing Law, Venue, and Jurisdiction.

 

		a.	Place of Agreement; Governing Law. This Agreement is entered into in the State of Minnesota between
the Company and Employee. The validity, enforceability, construction, and interpretation of this Agreement will be governed by the laws
of the State of Minnesota.

		b.	Venue and Personal Jurisdiction. Employee irrevocably consents to the exclusive jurisdiction and
venue of any state or federal court located in the State of Minnesota, County of Hennepin for the purposes of any action arising out of
or related to this Agreement or any dispute between the Company and Employee, including any actions for temporary, preliminary, and permanent
equitable relief. Employee irrevocably waives Employee’s right, if any, to have any disputes between Company and Employee arising
out of or related to this Agreement decided in any jurisdiction or venue other than a state or federal court in the State of Minnesota.
County of Hennepin.

 

26.             
Execution and Delivery. This Agreement may be executed in counterparts, which taken together shall constitute one
agreement binding on all the parties. Electronically transmitted signatures shall be valid and binding to the same extent as signatures
delivered in original. In making proof of this Agreement, it will be necessary to produce only one copy signed (or reproduced from an
electronically delivered signature) by the party to be charged.

27.             
Acknowledgment of Full Understanding. THE EMPLOYEE ACKNOWLEDGES AND AGREES THAT THE EMPLOYEE HAS FULLY READ, UNDERSTANDS,
AND VOLUNTARILY ENTERS INTO THIS AGREEMENT. THE EMPLOYEE ACKNOWLEDGES AND AGREES THAT THE EMPLOYEE HAS HAD AN OPPORTUNITY TO ASK QUESTIONS
AND CONSULT WITH AN ATTORNEY OF THE EMPLOYEE'S CHOICE BEFORE SIGNING THIS AGREEMENT. THE EMPLOYEE FURTHER ACKNOWLEDGES THAT THE EMPLOYEE'S
SIGNATURE BELOW IS AN AGREEMENT TO RELEASE THE COMPANY FROM ANY AND ALL CLAIMS THAT CAN BE RELEASED AS A MATTER OF LAW.

[signature page
follows]

    8

     

    

 

 

ACCEPTED AND AGREED

 

	Dated: 6/24/2022	 
	 	/s/ Ellen Scipta
	 	Ellen Scipta

	 	 
	 	Fresh Vine Wine, Inc.
	 	 	 
	Dated: 6/27/2022	By:	/s/ Damian Novak
	 	Name:	Damian Novak
	 	Its:	Chairman
	 	 
	 	 

  

    9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00346-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00346-of-00352.parquet"}]]