Document:

Exhibit
10.1

 

WinVest
Acquisition Corp.

125
Cambridgepark Drive

Suite
301

Cambridge,
MA 02140

 

Re:
Initial Public Offering

 

Ladies
and Gentlemen:

 

This
letter (this “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting
Agreement”) entered into by and among WinVest Acquisition Corp., a Delaware corporation (the “Company”), and Chardan
Capital Markets LLC, as representative (the “Representative”) of the several underwriters (each, an “Underwriter”
and collectively, the “Underwriters”), relating to an underwritten initial public offering (the “Public Offering”),
of up to 11,500,000 of the Company’s units (including up to 1,500,000 units that may be purchased to cover over-allotments, if
any) (the “Units”), each comprised of one share of the Company’s common stock, par value $0.0001 per share (the “Common
Stock”), one right to receive one-fifteenth (1/15) of one share of Common Stock upon the consummation of an initial business combination
by the Company and one redeemable warrant to purchase one half (1/2) of one share of Common Stock (each, a “Warrant”). Each
Warrant entitles the holder thereof to purchase one half (1/2) of one share of Common Stock at a price of $11.50 per whole share, subject
to adjustment as described in the Prospectus (as defined below). The Units will be sold in the Public Offering pursuant to a registration
statement on Form S-1 and prospectus (the “Prospectus”) filed by the Company with the U.S. Securities and Exchange Commission
(the “Commission”) and the Company has applied to have the Units listed on The Nasdaq Capital Market. Certain capitalized
terms used herein are defined in paragraph 10 hereof.

 

In
order to induce the Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the Public Offering and
for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each of WinVest SPAC LLC (the
“Sponsor”), certain undersigned individuals, who are identified as members of the Company’s board of directors and/or
management team (each of such undersigned individuals, an “Insider” and collectively, the “Insiders”) and certain
undersigned individuals, who are identified as members of the Company’s advisory board (each of such undersigned individuals, an
“Advisor” and collectively, the “Advisors”), hereby agrees with the Company as follows:

 

	 	1.	The
    Sponsor, each Insider and each Advisor agrees that if the Company seeks stockholder approval of a proposed Business Combination (as
    defined below), then in connection with such proposed Business Combination, it, he or she shall (i) vote any shares of Common Stock
    owned or controlled directly or indirectly by it, him or her in favor of any proposed Business Combination and (ii) not redeem any
    shares of Common Stock owned by it, him or her in connection with such stockholder approval. If the Company seeks to consummate a
    proposed Business Combination by engaging in a tender offer, the Sponsor, each Insider and each Advisor agrees that it, he or she
    will not sell or tender any shares of Common Stock owned by it, him or her in connection therewith.

 

    	 

    	 

    

 

	 	2.	The
    Sponsor and each Insider hereby agrees that in the event that the Company fails to consummate a Business Combination within 15 months
    (or up to 21 months from the closing of the Public Offering if the Company extends the period of time to consummate a Business Combination,
    as described in more detail in the Prospectus) from the closing of the Public Offering, or such later period approved by the Company’s
    stockholders in accordance with the Company’s amended and restated certificate of incorporation (as it may be amended from
    time to time, the “Charter”), the Sponsor and each Insider shall take all reasonable steps to cause the Company to (i)
    cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business
    days thereafter, redeem 100% of the shares of Common Stock sold as part of the Units in the Public Offering (the “Offering
    Shares”), at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account (as defined
    below), including interest earned on the funds held in the Trust Account (excluding up to $100,000 of interest to pay dissolution
    expenses) and not previously released to the Company to pay the Company’s income tax or other tax obligations, divided by the
    number of then outstanding Offering Shares, which redemption will completely extinguish all Public Stockholders’ (as defined
    below) rights as stockholders (including the right to receive further liquidating distributions, if any), and (iii) as promptly as
    reasonably possible following such redemption, subject to the approval of the Company’s remaining stockholders and the Company’s
    board of directors, liquidate and dissolve, subject in each case to the Company’s obligations under Delaware law to provide
    for claims of creditors and other requirements of applicable law. The Sponsor, each Insider and each Advisor agrees to not propose
    any amendment to the Charter to modify the substance or timing of the Company’s obligation to redeem 100% of the Offering Shares
    if the Company does not complete a Business Combination within the required time period set forth in the Charter or with respect
    to any other material provisions relating to stockholders’ rights or pre-initial business combination activity, unless the
    Company provides its Public Stockholders with the opportunity to redeem their Offering Shares upon approval of any such amendment
    at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned
    on the funds held in the Trust Account and not previously released to the Company to pay the Company’s income tax or other
    tax obligations, divided by the number of then outstanding Offering Shares.
	 	 	 
	 	 	The
    Sponsor, each Insider and each Advisor acknowledges that it, he or she has no right, title, interest or claim of any kind in or to
    any monies held in the Trust Account or any other asset of the Company as a result of any liquidation of the Company with respect
    to the Insider Shares (as defined below) held by it, him or her. The Sponsor, each Insider and each Advisor hereby further waives,
    with respect to any shares of Common Stock held by it, him or her, if any, any redemption rights it, he or she may have in connection
    with (A) the consummation of a Business Combination, including, without limitation, any such rights available in the context of a
    stockholder vote to approve such Business Combination, or (B) a stockholder vote to approve an amendment to the Charter to modify
    the substance or timing of the Company’s obligation to redeem 100% of the Offering Shares if the Company has not consummated
    a Business Combination within the time period set forth in the Charter or with respect to any other material provisions relating
    to stockholders’ rights or pre-initial business combination activity or in the context of a tender offer made by the Company
    to purchase Offering Shares (although the Sponsor, the Insiders, the Advisors and their respective affiliates shall be entitled to
    redemption and liquidation rights with respect to any Offering Shares it or they hold if the Company fails to consummate a Business
    Combination within the time period set forth in the Charter).

 

    	 

    	 

    

 

	 	3.	In
    the event of the liquidation of the Trust Account upon the failure of the Company to consummate its initial Business Combination
    within the time period set forth in the Charter, the Sponsor (the “Indemnitor”) agrees to indemnify and hold harmless
    the Company against any and all loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and all
    legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened)
    to which the Company may become subject as a result of any claim by (i) any third party for services rendered or products sold to
    the Company or (ii) any prospective target business with which the Company has entered into a written letter of intent, confidentiality
    or other similar agreement or Business Combination agreement (a “Target”); provided, however, that such indemnification
    of the Company by the Indemnitor (x) shall apply only to the extent necessary to ensure that such claims by a third party or a Target
    do not reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per Offering Share and (ii) the actual amount
    per Offering Share held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.00 per Offering
    Share is then held in the Trust Account due to reductions in the value of the trust assets, less taxes payable, (y) shall not apply
    to any claims by a third party or a Target which executed a waiver of any and all rights to the monies held in the Trust Account
    (whether or not such waiver is enforceable) and (z) shall not apply to any claims under the Company’s indemnity of the Underwriters
    against certain liabilities, including liabilities under the Securities Act of 1933, as amended. The Indemnitor shall have the right
    to defend against any such claim with counsel of its choice reasonably satisfactory to the Company if, within 15 days following written
    receipt of notice of the claim to the Indemnitor, the Indemnitor notifies the Company in writing that it shall undertake such defense.
	 	 	 
	 	4.	The
    Sponsor, each Insider and each Advisor hereby agrees and acknowledges that: (i) the Underwriters and the Company would be irreparably
    injured in the event of a breach by such Sponsor, Insider or Advisor of its, his or her obligations under paragraphs 1, 2, 3 and
    5(a), as applicable, of this Letter Agreement, (ii) monetary damages may not be an adequate remedy for such breach and (iii) the
    non-breaching party shall be entitled to seek injunctive relief, in addition to any other remedy that such party may have in law
    or in equity, in the event of such breach.
	 	 	 
	 	5.	(a)
    The Sponsor, each Insider and each Advisor agrees that it shall not Transfer (as defined below) any Private Placement Warrants (as
    defined below) or any shares of Common Stock issued or issuable upon the exercise of the Private Placement Warrants, until [30 days]
    after the completion of a Business Combination (the “Lock-up Period”).

 

    	 

    	 

    

 

	 	 	(b)
    Notwithstanding the provisions set forth in paragraphs 5(a), Transfers of the Private Placement Warrants and shares of Common Stock
    issued or issuable upon the exercise or conversion of the Private Placement Warrants that are held by the Sponsor, any Insider, and
    Advisor or any of their permitted transferees (that have complied with this paragraph 5(b)), are permitted (i) to the Company or
    its officers, directors, advisors or employees, any affiliate or family member of any of the Company’s officers, directors
    advisors or employees, any affiliate of the Sponsor or to any members of the Sponsor or any of their affiliates or family members;
    (ii) in the case of an individual, by gift to a member of such individual’s immediate family or to a trust, the beneficiary
    of which is a member of such individual’s immediate family, an affiliate of such individual or a charitable organization;
    (iii) in the case of an individual, by virtue of laws of descent and distribution upon death of such individual; (iv) in the case
    of an individual, pursuant to a qualified domestic relations order; (v) by private sales or transfers made in connection with any
    forward purchase agreement or similar arrangement or in connection with the consummation of an initial Business Combination at prices
    no greater than the price at which the securities were originally purchased; (vi) in the event of the Company’s liquidation
    prior to the completion of an initial Business Combination; (vii) by virtue of the laws of the State of Delaware or the Sponsor’s
    limited liability company agreement upon dissolution of the Sponsor; or (viii) in the event of the Company’s liquidation, merger,
    capital stock exchange or other similar transaction which results in all of the Company’s stockholders having the right to
    exchange their shares of Common Stock for cash, securities or other property subsequent to the Company’s completion of an initial
    Business Combination; provided, however, that in the case of clauses (i) through (v) or (vii), these permitted transferees must enter
    into a written agreement with the Company agreeing to be bound by the transfer restrictions herein and the other restrictions contained
    in this Letter Agreement (including provisions relating to voting, the Trust Account and liquidating distributions).
	 	 	 
	 	6.	Each
    of the Insiders hereby agrees not to participate in the formation of, or become an officer or director of, any other special purpose
    acquisition company with a class of securities registered under the Securities Exchange Act of 1934, as amended, or the Exchange
    Act until the Company has entered into a definitive agreement regarding an initial Business Combination or until the Company has
    liquidated the Trust Account. Also, subject to their pre-existing fiduciary duties, the Sponsor and each Insider will offer all suitable
    Business Combination opportunities to the Company before any other person or company, until the Company has entered into a definitive agreement regarding an initial
    Business Combination, or until the Company has failed to complete an initial Business Combination within 15 months from the closing
    of the offering (or 21 months from the closing of the offering, if extended).
	 	 	 
	 	7.	The
    Sponsor, each Insider and each Advisor represents and warrants that it, he or she has never been suspended or expelled from membership
    in any securities or commodities exchange or association or had a securities or commodities license or registration denied, suspended
    or revoked. Each Insider’s and each Advisor’s biographical information furnished to the Company (including any such information
    included in the Prospectus) is true and accurate in all respects and does not omit any material information with respect to the Insider’s
    background. The Sponsor and each Insider’s questionnaire furnished to the Company is true and accurate in all respects. The
    Sponsor, each Insider and each Advisor represents and warrants that: it, he or she is not subject to or a respondent in any legal
    action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any act or practice relating
    to the offering of securities in any jurisdiction; it, he or she has never been convicted of, or pleaded guilty to, any crime (i)
    involving fraud, (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining to any dealings
    in any securities and it, he or she is not currently a defendant in any such criminal proceeding.

 

    	 

    	 

    

 

	 	8.	Except
    as disclosed in the Prospectus, neither the Sponsor nor any officer, nor any affiliate of the Sponsor or any officer, nor any director
    of the Company, shall receive from the Company any finder’s fee, reimbursement, consulting fee, non-cash payments, monies in
    respect of any repayment of a loan or other compensation prior to, or in connection with any services rendered in order to effectuate,
    the consummation of the Company’s initial Business Combination (regardless of the type of transaction that it is), other than
    the following, none of which will be made from the proceeds held in the Trust Account prior to the completion of the initial Business
    Combination: payments to the Sponsor for certain administrative services as may be reasonably required by the Company of $10,000
    per month; reimbursement for any reasonable out-of-pocket expenses related to identifying, investigating, negotiating and completing
    an initial Business Combination, and repayment of loans, if any, and on such terms as to be determined by the Company from time to
    time, made by the Sponsor or an affiliate of the Sponsor or any of the Company’s officers or directors to finance transaction
    costs in connection with an intended initial Business Combination, provided, that, if the Company does not consummate an initial
    Business Combination, a portion of the working capital held outside the Trust Account may be used by the Company to repay such loaned
    amounts so long as no proceeds from the Trust Account are used for such repayment. Up to $1,000,000 of such loans may be convertible
    into warrants at a price of $0.50 per warrant at the option of the lender. Such warrants would be identical to the Private Placement
    Warrants, including as to exercise price, exercisability and exercise period.
	 	 	 
	 	9.	The
                                            Sponsor and each Insider and Advisor has full right and power, without violating any
                                            agreement to which it, he or she is bound (including, without limitation, any non-competition
                                            or non-solicitation agreement with any employer or former employer), to enter into this Letter
                                            Agreement and, as applicable, to serve as an officer, director and/or advisor of the
                                            Company and hereby consents to being named in the Prospectus as an officer, director and/or
                                            advisor of the Company.

	 	 	 
	 	10.	As
    used herein, (i) “Business Combination” shall mean a merger, capital stock exchange, asset acquisition, stock purchase,
    reorganization or similar business combination, involving the Company and one or more businesses; (ii) “Insider Shares”
    shall mean the 2,875,000 shares of Common Stock issued and outstanding (up to 375,000 Shares of which are subject to complete or
    partial forfeiture if the over-allotment option is not exercised by the Underwriters); (iii) “Private Placement Warrants”
    shall mean the up to 10,000,000 Warrants (or 10,900,000 Warrants in the event the underwriters’ over-allotment option is exercised
    in full) that the Sponsor has agreed to purchase for an aggregate purchase price of $5,000,000 (or $5,450,000 in the event the underwriters’
    over-allotment option is exercised in full), or $0.50 per Warrant, in a private placement that shall occur simultaneously with the
    consummation of the Public Offering; (iv) “Public Stockholders” shall mean the holders of securities issued in the Public
    Offering; (v) “Trust Account” shall mean the trust fund into which a portion of the net proceeds of the Public Offering
    and the sale of the Private Placement Warrants shall be deposited; and (vi) “Transfer” shall mean the (a) sale of, offer
    to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement
    to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or
    decrease of a call equivalent position within the meaning of Section 16 of the Exchange Act, and the rules and regulations of the
    Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another,
    in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled
    by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified
    in clause (a) or (b).

 

    	 

    	 

    

 

	 	11.	The
    Company will maintain an insurance policy or policies providing directors’ and officers’ liability insurance, and each
    director shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage
    available for any of the Company’s directors or officers.
	 	 	 
	 	12.	This
    Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof
    and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent
    they relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed,
    amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument
    executed by all parties hereto.
	 	 	 
	 	13.	No
    party hereto may assign either this Letter Agreement or any of its rights, interests, or obligations hereunder without the prior
    written consent of the other parties. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall
    not operate to transfer or assign any interest or title to the purported assignee. This Letter Agreement shall be binding on the
    Sponsor, each Insider and each Advisor and their respective successors, heirs and assigns and permitted transferees.
	 	 	 
	 	14.	Nothing
    in this Letter Agreement shall be construed to confer upon, or give to, any person or corporation other than the parties hereto any
    right, remedy or claim under or by reason of this Letter Agreement or of any covenant, condition, stipulation, promise or agreement
    hereof. All covenants, conditions, stipulations, promises and agreements contained in this Letter Agreement shall be for the sole
    and exclusive benefit of the parties hereto and their successors, heirs, personal representatives and assigns and permitted transferees.
	 	 	 
	 	15.	This
    Letter Agreement may be executed in any number of original or facsimile counterparts and each of such counterparts shall for all
    purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.
	 	 	 
	 	16.	This
    Letter Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect
    the validity or enforceability of this Letter Agreement or of any other term or provision hereof. Furthermore, in lieu of any such
    invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Letter Agreement
    a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

 

    	 

    	 

    

 

	 	17.	This
    Letter Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York. The parties
    hereto (i) all agree that any action, proceeding, claim or dispute arising out of, or relating in any way to, this Letter Agreement
    shall be brought and enforced in the courts of New York City, in the State of New York, and irrevocably submit to such jurisdiction
    and venue, which jurisdiction and venue shall be exclusive and (ii) waive any objection to such exclusive jurisdiction and venue
    or that such courts represent an inconvenient forum.
	 	 	 
	 	18.	Any
    notice, consent or request to be given in connection with any of the terms or provisions of this Letter Agreement shall be in writing
    and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery
    or facsimile transmission.
	 	 	 
	 	19.	This
    Letter Agreement shall terminate on the earlier of (i) the expiration of the Lock-up Period or (ii) the liquidation of the Company;
    provided, however, that this Letter Agreement shall earlier terminate in the event that the Public Offering is not consummated and
    closed by December 31, 2021; provided further that paragraph 4 of this Letter Agreement shall survive such liquidation.

 

[Signature
Page Follows]

 

    	 

    	 

    

 

	 	Sincerely,
	 	 
	 	WinVest
    SPAC LLC
	 	 	 
	 	By:	
	 		Name: Jeff
    Leblanc
	 		Title: Manager

 

	 	INSIDERS:
	 	 
	 	
	 	Manish
    Jhunjhunwala
	 	 
	 	
	 	Mark
    H. Madden
	 	 
	 	
	 	Alok
    R. Prasad
	 	 
	 	
	 	Lawrence
    S. Kramer
	 	 
	 	
	 	Elias
    Mendoza
	 	 
	 	
	 	Edward
    J. McGowan
	 	 
	 	
	 	Alex
    Pentland
	 	 
	 	
	 	Martin
    Schmidt
	 	 
	 	
	 	Barrie
    R. Zesiger

 

[Signature
Page to Letter Agreement]

 

    	 

    	 

    

 

	 	ADVISORS:
	 	 
	 	
	 	Lee
    Barba
	 	 
	 	
	 	Richard
    Blunck
	 	 
	 	
	 	John
    DiBacco
	 	 
	 	
	 	Kevin
    Gentzel
	 	 
	 	 
	 	Andrew
    Goldberger
	 	 
	 	
	 	Jeff
    LeBlanc 
	 	 
	 	
	 	Robert
    C. Pozen
	 	 
	 	
	 	David
    Siegel

 

	Acknowledged
    and Agreed:	 

 

	WinVest
    acquisition corp.	 

 

	By:		 
		Name: Manish
    Jhunjhunwala	 
		Title: Chief
    Executive Officer and Chief Financial Officer 	 

 

[Signature
Page to Letter Agreement]Exhibit
10.2

 

INVESTMENT
MANAGEMENT TRUST AGREEMENT

 

This
Investment Management Trust Agreement (this “Agreement”) is made as of [●], 2021 by and between WinVest Acquisition
Corp., a Delaware corporation (the “Company”), and Continental Stock Transfer & Trust Company, a New York corporation
(the “Trustee”).

 

WHEREAS,
the Company’s registration statement on Form S-1, No. 333-258920 (“Registration Statement”) for its initial
public offering of securities (“IPO”) has been declared effective as of the date hereof (“Effective Date”)
by the U.S. Securities and Exchange Commission (capitalized terms used herein and not otherwise defined shall have the meanings set forth
in the Registration Statement);

 

WHEREAS,
Chardan Capital Markets, LLC (the “Representative”) is acting as representative of the underwriters in the IPO;

 

WHEREAS,
simultaneously with the IPO, WinVest SPAC LLC (the “Sponsor”) will be purchasing up to 10,000,000 private warrants
(“Private Warrants”) at $0.50 per Private Warrant (for a total purchase price of $5,000,000); the Sponsor has also
agreed that if the over-allotment option is exercised by the underwriters, they will purchase from us up to a maximum of an additional
900,000 Private Warrants at a price of $0.50 per Private Warrant (for a total additional purchase price of $450,000);

 

WHEREAS,
as described in the Registration Statement, and in accordance with the Company’s Amended and Restated Certificate of Incorporation,
as the same may be amended from time to time (the “Charter”), an aggregate of $101,000,000 of the gross proceeds of
the IPO and sale of the Private Warrants ($116,150,000 if the underwriters’ over-allotment option is exercised in full) will be
delivered to the Trustee to be deposited and held in a segregated trust account located at all times in the United States (the “Trust
Account”) for the benefit of the Company and the holders of the Company’s shares of common stock, par value $0.0001 per
share (“Common Stock”), issued in the IPO as hereinafter provided (the proceeds to be delivered to the Trustee will
be referred to herein as the “Property;” the shareholders for whose benefit the Trustee shall hold the Property will
be referred to as the “Public Shareholders,” and the Public Shareholders and the Company will be referred to together
as the “Beneficiaries”);

 

WHEREAS,
pursuant to the Underwriting Agreement, a portion of the Property equal to $3,500,000, or $4,025,000 if the underwriters’ over-allotment
option is exercised in full, is attributable to deferred underwriting discounts and commissions that may become payable by the Company
to the underwriters upon the consummation of an initial business combination (as described in the Registration Statement) (the “Deferred
Discount”); and

 

WHEREAS,
the Company and the Trustee desire to enter into this Agreement to set forth the terms and conditions pursuant to which the Trustee shall
hold the Property.

 

THEREFORE,
IT IS AGREED:

 

1.
Agreements and Covenants of Trustee. The Trustee hereby agrees and covenants to:

 

(a)
Hold the Property in trust for the Beneficiaries in accordance with the terms of this Agreement in the Trust Account at J.P. Morgan Chase
Bank, N.A. (or at another U.S. chartered commercial bank with consolidated assets of $100 billion or more), maintained by Trustee, and
at a brokerage institution selected by the Trustee that is reasonably satisfactory to the Company;

 

(b)
Manage, supervise and administer the Trust Account subject to the terms and conditions set forth herein;

 

(c)
In a timely manner, upon the instruction of the Company, invest and reinvest the Property (i) in United States “government securities”
within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”),
having a maturity of 185 days or less and/or (ii) in money market funds meeting certain conditions under Rule 2a-7 promulgated under
the Investment Company Act and that invest solely in U.S. treasuries, as determined by the Company, it being understood that the Trust
Account will earn no interest while the account funds are uninvested awaiting the Company’s instructions hereunder; while the account
funds are invested or uninvested, the Trustee may earn bank credits and other consideration;

 

    	 

     

    

 

(d)
Collect and receive, when due, all principal and income arising from the Property, which shall become part of the “Property,”
as such term is used herein;

 

(e)
Notify the Company and the Representative of all communications received by it with respect to any Property requiring action by the Company;

 

(f)
Supply any necessary information or documents as may be requested by the Company in connection with the Company’s preparation of
its tax returns;

 

(g)
Participate in any plan or proceeding for protecting or enforcing any right or interest arising from the Property if, as and when instructed
by the Company to do so;

 

(h)
Render to the Company monthly written statements of the activities of and amounts in the Trust Account reflecting all receipts and disbursements
of the Trust Account; and

 

(i)
Commence liquidation of the Trust Account only after and promptly after receipt of, and only in accordance with, the terms of a letter
(“Termination Letter”), in a form substantially similar to that attached hereto as either Exhibit A or Exhibit
B, signed on behalf of the Company by its Chairman of the Board or Chief Executive Officer and Chief Financial Officer and, in the
case of a Termination Letter in a form substantially similar to that attached hereto as Exhibit A, acknowledged and agreed to
by the Representative, complete the liquidation of the Trust Account and distribute the Property in the Trust Account only as directed
in the Termination Letter and the other documents referred to therein; provided, however, that in the event that a Termination Letter
has not been received by the Trustee by the 15-month anniversary of the closing of the IPO (the “Closing”) or, in
the event that the Company extended the time to complete the Business Combination for up to 21 months from the Closing but has not completed
the Business Combination within such 21-month period, the 21-month anniversary of the Closing (as applicable, the “Applicable
Deadline”), the Trust Account shall be liquidated in accordance with the procedures set forth in the Termination Letter attached
as Exhibit B hereto and distributed to the Public Shareholders as of the Applicable Deadline.

 

(j)
Upon receipt of an extension letter (“Extension Letter”) substantially similar to Exhibit D hereto at least
five business days prior to the Applicable Deadline, signed on behalf of the Company by an executive officer, and receipt of the dollar
amount specified in the Extension Letter on or prior to the Applicable Deadline, to follow the instructions set forth in the Extension
Letter.

 

(k)
Not disburse any amounts from the Trust Account in connection with a Business Combination in the event that the amount per share to be
received by the redeeming Public Shareholders is less than $10.00 per share (plus the amount per share deposited in the Trust Account
pursuant to any Extension Letter).

 

(l)
In connection with a Business Combination, before making disbursements to the Depository Trust Company, the Company or any other person,
disburse the per share amount to redeeming Public Shareholders (other than shares tendered through the Depository Trust Company) that
have tendered their shares directly to the Trustee.

 

2.
Limited Distributions of Income from Trust Account.

 

(a)
Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as
Exhibit C, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by
the Company to cover any income or other tax obligations owed by the Company.

 

(b)
The limited distributions referred to in Section 2(a) above shall be made only from income collected on the Property. Except as provided
in Section 2(a), no other distributions from the Trust Account shall be permitted except in accordance with Section 1(i) hereof.

 

    	 

     

    

 

(c)
The Company shall provide the Representative with a copy of any Termination Letters and/or any other correspondence that it issues to
the Trustee with respect to any proposed withdrawal from the Trust Account promptly after such issuance.

 

(d)
If applicable, the Company shall issue a press release at least three days prior to the Applicable Deadline announcing that, at least
five days prior to the Applicable Deadline, the Company received notice from the Company’s sponsor or its affiliates or designees
that the sponsor or its affiliates or designees intend to extend the Applicable Deadline.

 

(e)
Promptly following the Applicable Deadline, disclose whether or not the term the Company has to consummate a Business Combination has
been extended.

 

3.
Agreements and Covenants of the Company. The Company hereby agrees and covenants to:

 

(a)
Give all instructions to the Trustee hereunder in writing, signed by the Company’s Chairman of the Board, Chief Executive Officer
or Chief Financial Officer. In addition, except with respect to its duties under paragraphs 1(i) and 2(a) above, the Trustee shall be
entitled to rely on, and shall be protected in relying on, any verbal or telephonic advice or instruction which it in good faith believes
to be given by any one of the persons authorized above to give written instructions, provided that the Company shall promptly confirm
such instructions in writing.

 

(b)
Subject to the provisions of Sections 5 and 7(h) of this Agreement, hold the Trustee harmless and indemnify the Trustee from and against,
any and all expenses, including reasonable counsel fees and disbursements, or loss suffered by the Trustee in connection with any claim,
potential claim, action, suit or other proceeding brought against the Trustee involving any claim, or in connection with any claim or
demand which in any way arises out of or relates to this Agreement, the services of the Trustee hereunder, or the Property or any income
earned from investment of the Property, except for expenses and losses resulting from the Trustee’s gross negligence or willful
misconduct. Promptly after the receipt by the Trustee of notice of demand or claim or the commencement of any action, suit or proceeding,
pursuant to which the Trustee intends to seek indemnification under this paragraph, it shall notify the Company in writing of such claim
(hereinafter referred to as the “Indemnified Claim”); provided, however, that the Trustee’s failure to provide
such notice shall not relieve the Company of its liability hereunder, except to the extent that it is materially prejudiced by such failure.
The Trustee shall have the right to conduct and manage the defense against such Indemnified Claim, provided, that the Trustee shall obtain
the consent of the Company with respect to the selection of counsel, which consent shall not be unreasonably withheld. The Trustee may
not agree to settle any Indemnified Claim without the prior written consent of the Company, which consent shall not be unreasonably withheld
or delayed. The Company may participate in such action with its own counsel.

 

(c)
Pay the Trustee an initial acceptance fee, an annual fee and a transaction processing fee for each disbursement made pursuant to Section
2(a) as set forth on Schedule A hereto, which fees shall be subject to modification by the parties from time to time. It is expressly
understood that the Property shall not be used to pay such fees and further agreed that any fees owed to the Trustee shall be deducted
by the Trustee from the disbursements made to the Company pursuant to Sections 1(i) solely in connection with the consummation of the
Company’s initial acquisition, share exchange, share reconstruction and amalgamation, purchase of all or substantially all of the
assets of, or any other similar business combination with, one or more businesses or entities (a “Business Combination”).
The Company shall pay the Trustee the initial acceptance fee and first year’s fee at the consummation of the IPO and thereafter
on the anniversary of the Effective Date. Except as set forth in this Section 3(c) and Section 3(b) hereof, the Company shall not be
responsible for any other fees or charges of the Trustee.

 

(d)
In connection with any vote of the Company’s shareholders regarding a Business Combination, provide to the Trustee an affidavit
or certificate of a firm regularly engaged in the business of soliciting proxies and/or tabulating shareholder votes verifying the vote
of the Company’s shareholders regarding such Business Combination.

 

(e)
In the event that the Company directs the Trustee to commence liquidation of the Trust Account pursuant to Section 1(i), the Company
agrees that it will not direct the Trustee to make any payments that are not specifically authorized by this Agreement.

 

    	 

     

    

 

4.
Limitations of Liability. The Trustee shall have no responsibility or liability to:

 

(a)
Take any action with respect to the Property, other than as directed in paragraphs 1 and 2 hereof and the Trustee shall have no liability
to any party except for liability arising out of its own gross negligence or willful misconduct;

 

(b)
Institute any proceeding for the collection of any principal and income arising from, or institute, appear in or defend any proceeding
of any kind with respect to, any of the Property unless and until it shall have received instructions from the Company given as provided
herein to do so and the Company shall have advanced or guaranteed to it funds sufficient to pay any expenses incident thereto;

 

(c)
Change the investment of any Property, other than in compliance with paragraph 1(c);

 

(d)
Refund any depreciation in principal of any Property;

 

(e)
Assume that the authority of any person designated by the Company to give instructions hereunder shall not be continuing unless provided
otherwise in such designation, or unless the Company shall have delivered a written revocation of such authority to the Trustee;

 

(f)
The other parties hereto or to anyone else for any action taken or omitted by it, or any action suffered by it to be taken or omitted,
in good faith and in the exercise of its own best judgment, except for its gross negligence or willful misconduct. The Trustee may rely
conclusively and shall be protected in acting upon any order, notice, demand, certificate, opinion or advice of counsel (including counsel
chosen by the Trustee), statement, instrument, report or other paper or document (not only as to its due execution and the validity and
effectiveness of its provisions, but also as to the truth and acceptability of any information therein contained) which is believed by
the Trustee, in good faith, to be genuine and to be signed or presented by the proper person or persons. The Trustee shall not be bound
by any notice or demand, or any waiver, modification, termination or rescission of this Agreement or any of the terms hereof, unless
evidenced by a written instrument delivered to the Trustee signed by the proper party or parties and, if the duties or rights of the
Trustee are affected, unless it shall give its prior written consent thereto;

 

(g)
Verify the correctness of the information set forth in the Registration Statement or to confirm or assure that any acquisition made by
the Company or any other action taken by it is as contemplated by the Registration Statement;

 

(h)
File local, state and/or federal tax returns or information returns with any taxing authority on behalf of the Trust Account and payee
statements with the Company documenting the taxes, if any, payable by the Company or the Trust Account, relating to the income earned
on the Property;

 

(i)
Pay any taxes on behalf of the Trust Account (it being expressly understood that the Property shall not be used to pay any such taxes
and that such taxes, if any, shall be paid by the Company from funds not held in the Trust Account or released to it under Section 2(a)
hereof);

 

(j)
Imply obligations, perform duties, inquire or otherwise be subject to the provisions of any agreement or document other than this Agreement
and that which is expressly set forth herein; and

 

(k)
Verify calculations, qualify or otherwise approve Company requests for distributions pursuant to Section 1(i) or 2(a) above.

 

5.
Trust Account Waiver. The Trustee has no right of set-off or any right, title, interest or claim of any kind (“Claim”)
to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account that it
may have now or in the future. In the event the Trustee has any Claim against the Company under this Agreement, including, without limitation,
under Section 3(b) or Section 3(c) hereof, the Trustee shall pursue such Claim solely against the Company and its assets outside the
Trust Account and not against the Property or any monies in the Trust Account.

 

    	 

     

    

 

6.
Termination. This Agreement shall terminate as follows:

 

(a)
If the Trustee gives written notice to the Company that it desires to resign under this Agreement, the Company shall use its reasonable
efforts to locate a successor trustee during which time the Trustee shall act in accordance with this Agreement. At such time that the
Company notifies the Trustee that a successor trustee has been appointed by the Company and has agreed to become subject to the terms
of this Agreement, the Trustee shall transfer the management of the Trust Account to the successor trustee, including but not limited
to the transfer of copies of the reports and statements relating to the Trust Account, whereupon this Agreement shall terminate; provided,
however, that, in the event that the Company does not locate a successor trustee within 90 days of receipt of the resignation notice
from the Trustee, the Trustee may submit an application to have the Property deposited with any court in the State of New York or with
the United States District Court for the Southern District of New York and upon such deposit, the Trustee shall be immune from any liability
whatsoever; or

 

(b)
At such time that the Trustee has completed the liquidation of the Trust Account in accordance with the provisions of paragraph 1(i)
hereof, and distributed the Property in accordance with the provisions of the Termination Letter, this Agreement shall terminate except
with respect to Paragraph 3(b).

 

7.
Miscellaneous.

 

(a)
The Company and the Trustee each acknowledge that the Trustee will follow the security procedures set forth below with respect to funds
transferred from the Trust Account. The Company and the Trustee will each restrict access to confidential information relating to such
security procedures to authorized persons. Each party must notify the other party immediately if it has reason to believe unauthorized
persons may have obtained access to such information, or of any change in its authorized personnel. In executing funds transfers, the
Trustee will rely upon all information supplied to it by the Company, including account names, account numbers and all other identifying
information relating to a beneficiary, beneficiary’s bank or intermediary bank. The Trustee shall not be liable for any loss, liability
or expense resulting from any error in the information or transmission of the wire.

 

(b)
This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect
to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. It may be executed
in several original or facsimile counterparts, each one of which shall constitute an original, and together shall constitute but one
instrument.

 

(c)
This Agreement contains the entire agreement and understanding of the parties hereto with respect to the subject matter hereof. Except
for Sections 1(i), 1(k), 1(l), 7(c) and 7(h) (which may only be amended with the approval of the holders of at least a majority of the
outstanding shares of Common Stock), this Agreement or any provision hereof may only be changed, amended or modified by a writing signed
by each of the parties hereto; provided, however, that no such change, amendment or modification may be made without the prior written
consent of the Representative. As to any claim, cross-claim or counterclaim in any way relating to this Agreement, each party waives
the right to trial by jury. The Trustee may require from Company counsel an opinion as to the propriety of any proposed amendment.

 

(d)
The parties hereto consent to the jurisdiction and venue of any state or federal court located in the City of New York, Borough of Manhattan,
for purposes of resolving any disputes hereunder.

 

(e)
Any notice, consent or request to be given in connection with any of the terms or provisions of this Agreement shall be in writing and
shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or by
e-mail transmission:

 

if
to the Trustee, to:

 

Continental
Stock Transfer & Trust Company

1
State Street, 30th Floor

New
York, New York 10004

Attention:
Francis Wolf and Celeste Gonzalez

E-mail:
fwolf@continentalstock.com; cgonzalez@continentalstock.com

 

    	 

     

    

 

if
to the Company, to:

 

WinVest
Acquisition Corp.

125
Cambridgepark Drive, Suite 301

Cambridge,
MA 02140

Attn:
Manish Jhunjhunwala, Chief Executive Officer and Chief Financial Officer

E-mail:
manish@trefis.com

 

in
either case with a copy (which copy shall not constitute notice) to:

 

Chardan
Capital Markets, LLC

17
State Street, 21st Floor

New
York, NY 10004

Attn:
Elliot Gnedy

E-mail:
egnedy@chardan.com

 

and:

 

Haynes
and Boone, LLP

30
Rockefeller Plaza, 26th Floor

New
York, New York 10112

Attn:
Rick A. Werner and Matthew L. Fry

E-mail:
rick.werner@haynesboone.com; matt.fry@haynesboone.com

 

and:

 

Greenberg
Traurig, LLP

200
Park Avenue

New
York, New York 10166

Attn:
Alan I. Annex, Jason T. Simon and Philip R. Weingold

Email:
annexa@gtlaw.com; simonj@gtlaw.com; weingoldp@gtlaw.com

 

(f)
The parties hereto consent to the delivery of notices or other communications by electronic transmission at the e- mail address set forth
below the respective party’s name in Section 7(e) hereto. To the extent that any notice given by means of electronic transmission
is returned or undeliverable for any reason, the foregoing consent shall be deemed to have been revoked until a new or corrected e-mail
address has been provided, and such attempted electronic notice shall be ineffective and deemed to not have been given. Each party agrees
to promptly notify the other parties of any change in its e-mail address, and that failure to do so shall not affect the foregoing.

 

(g)
This Agreement may not be assigned by the Trustee without the prior consent of the Company.

 

(h)
Each of the Trustee and the Company hereby represents that it has the full right and power and has been duly authorized to enter into
this Agreement and to perform its respective obligations as contemplated hereunder. The Trustee acknowledges and agrees that it shall
not make any claims or proceed against the Trust Account, including by way of set-off, and shall not be entitled to any funds in the
Trust Account under any circumstance.

 

(i)
This Agreement is the joint product of the Company and the Trustee and each provision hereof has been subject to the mutual consultation,
negotiation and agreement of such parties and shall not be construed for or against any party hereto.

 

(j)
This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts
shall together constitute one and the same instrument. Delivery of a signed counterpart of this Agreement by facsimile or electronic
transmission shall constitute valid and sufficient delivery thereof.

 

(k)
Each of the Company and the Trustee hereby acknowledge that the Representative is a third party beneficiary of this Agreement.

 

(l)
Except as specified herein, no party to this Agreement may assign its rights or delegate its obligations hereunder to any other person
or entity.

 

[Signature
Page Follows]

 

    	 

     

    

 

IN WITNESS WHEREOF, the parties have duly executed this Investment Management Trust Agreement as of the date first written above.

 

	 	CONTINENTAL
    STOCK TRANSFER & TRUST COMPANY, as Trustee
	 	 	 
	 	By:	 
	 	Name:
    	Francis
    Wolf
	 	Title:
    	Vice
    President
	 	 	 
	 	WINVEST
    ACQUISITION CORP.
	 	 	 
	 	By:	 
	 	Name:
    	Manish
    Jhunjhunwala
	 	Title:
    	Chief
    Executive Officer and Chief Financial Officer

 

[Signature
Page to Investment Management Trust Agreement]

 

    	 

     

    

 

SCHEDULE A

 

	Fee Item	 	Time and method of payment	 	Amount	 
	Initial acceptance fee	 	Initial closing of IPO by wire transfer	 	$	3,500	 
	Annual fee	 	First year ($10,000), initial closing of IPO by wire transfer; thereafter on the anniversary of the effective date of the IPO by wire transfer or check	 	$	10,000	 
	Transaction processing fee for disbursements to Company under Section 2	 	Deduction by Trustee from accumulated income following disbursement made to Company under Section 2	 	$	250	 
	Paying Agent services as required pursuant to Section 1(i)	 	Billed to Company upon delivery of service pursuant to Section 1(i)	 	 	Prevailing rates	 

 

    	 

     

    

 

EXHIBIT A

 

[Date]

 

Continental
Stock Transfer & Trust Company

1
State Street, 30th Floor

New
York, New York 10004

Attention:
Francis Wolf and Celeste Gonzalez

 

	 	Re:	Trust
    Account – Termination Letter

 

Ladies
and Gentlemen:

 

Pursuant
to paragraph 1(i) of the Investment Management Trust Agreement between WinVest Acquisition Corp. (the “Company”) and
Continental Stock Transfer & Trust Company (the “Trustee”), dated as of [●], 2021 (the “Trust Agreement”),
this is to advise you that the Company has entered into an agreement with [●] (“Target Business”) to consummate
a business combination with Target Business (“Business Combination”) on or about [date]. The Company shall notify
you at least 72 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”).
Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement.

 

In
accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments and to transfer
the proceeds to the above-referenced account to the effect that, on the Consummation Date, all of funds held in the Trust Account will
be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date. It is acknowledged
and agreed that while the funds are on deposit in the trust operating account awaiting distribution, the Company will not earn any interest
or dividends.

 

On
the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated,
and (ii) the Company shall deliver to you (a) a certificate of the Chief Executive Officer, which verifies the vote of the Company’s
shareholders in connection with the Business Combination if a vote is held and (b) joint written instructions from the Company and Chardan
Capital Markets, LLC (whose consent not to be unreasonably withheld) with respect to the transfer of the funds held in the Trust Account
(“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately
upon your receipt of the counsel’s letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In
the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify
the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed
after the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof,
the Trust Agreement shall be terminated.

 

In
the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified
you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions
from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately
following the Consummation Date as set forth in the notice.

 

    	 

     

    

 

	 	 	 	Very
    truly yours,
	 	 	 	 
	 	 	 	WINVEST
    ACQUISITION CORP.
	 	 	 	 	 
	 	 	 	By:	 
	 	 	 	Name:
    	Manish
    Jhunjhunwala
	 	 	 	Title:
    	Chief
    Executive Officer and Chief Financial Officer
	 	 	 	 	 
	Acknowledged
and Agreed:	 	 	 
	 	 	 	 
	Chardan
    Capital Markets, LLC	 	 	 
	 	 	 	 	 
	By:	                	 	 	 
	Name:	 	 	 	 
	Title:	 	 	 	 

 

    	 

     

    

 

EXHIBIT
B

 

[Date]

 

Continental
Stock Transfer & Trust Company

1
State Street, 30th Floor

New
York, New York 10004

Attention:
Francis Wolf and Celeste Gonzalez

 

	 	Re:	Trust
    Account – Termination Letter

 

Ladies
and Gentlemen:

 

Pursuant
to paragraph 1(i) of the Investment Management Trust Agreement between WinVest Acquisition Corp. (the “Company”) and
Continental Stock Transfer & Trust Company, dated as of [●], 2021 (the “Trust Agreement”), this is to advise
you that the Company has been unable to effect a Business Combination with a Target Company within the time frame specified in the Company’s
Amended and Restated Certificate of Incorporation, as described in the Company’s prospectus relating to its IPO. Capitalized terms
used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement.

 

In
accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate all the Trust Account investments and to transfer
the total proceeds to the trust operating account to await distribution to the Public Shareholders. The Company has selected [●,
20__] as the date for the purpose of determining when the Public Shareholders will be entitled to receive their share of the liquidation
proceeds. It is acknowledged that no interest will be earned by the Company on the liquidation proceeds while on deposit in the trust
operating account. You agree to be the Paying Agent of record and in your separate capacity as Paying Agent, to distribute said funds
directly to the Public Shareholders in accordance with the terms of the Trust Agreement and the Amended and Restated Certificate of Incorporation
of the Company. Upon the distribution of all the funds in the Trust Account, your obligations under the Trust Agreement shall be terminated.

 

	 	Very
    truly yours,
	 	 
	 	WINVEST
    ACQUISITION CORP.
	 	 	 
	 	By:	 
	 	Name:
    	Manish
    Jhunjhunwala
	 	Title:	Chief
    Executive Officer and Chief Financial Officer

 

cc:
Chardan Capital Markets, LLC

 

    	 

     

    

 

EXHIBIT C

 

[Date]

 

Continental
Stock Transfer & Trust Company

1
State Street, 30th Floor

New
York, New York 10004

Attention:
Francis Wolf and Celeste Gonzalez

 

	 	Re:	Trust
    Account – Interest Withdrawal (Taxes)

 

Ladies
and Gentlemen:

 

Pursuant
to paragraph 2(a) of the Investment Management Trust Agreement between WinVest Acquisition Corp. (the “Company”) and
Continental Stock Transfer & Trust Company, dated as of [●], 2021 (the “Trust Agreement”), the Company hereby
requests that you deliver to the Company $[●] of the interest income earned on the Property as of the date hereof. The Company
needs such funds to pay for its tax obligations. In accordance with the terms of the Trust Agreement, you are hereby directed and authorized
to transfer (via wire transfer) such funds promptly upon your receipt of this letter to the Company’s operating account at:

 

[WIRE
INSTRUCTION INFORMATION]

 

	 	Very truly yours,
	 	 
	 	WINVEST ACQUISITION CORP.
	 	 
	 	 
	 	Name:	Manish Jhunjhunwala
	 	Title: 	Chief Executive Officer and Chief Financial Officer

 

cc:
Chardan Capital Markets, LLC

 

    	 

     

    

 

EXHIBIT
D

 

[Date]

 

Continental
Stock Transfer & Trust Company

1
State Street, 30th Floor

New
York, New York 10004

Attention:
Francis Wolf and Celeste Gonzalez

 

	 	Re:	Trust
    Account – Extension Letter

 

Ladies
and Gentlemen:

 

Pursuant
to Section 1(j) of the Investment Management Trust Agreement between WinVest Acquisition Corp. (the “Company”) and
Continental Stock Transfer & Trust Company, dated as of [●], 2021 (“Trust Agreement”), this is to advise
you that the Company is extending the time available in order to consummate a Business Combination with the Target Businesses for an
additional three (3) months, from _______________ to _______________ (the “Extension”).

 

This
Extension Letter shall serve as the notice required with respect to the Extension prior to the Applicable Deadline. Capitalized words
used herein and not otherwise defined shall have the meanings ascribed to them in the Trust Agreement.

 

In
accordance with the terms of the Trust Agreement, we hereby authorize you to deposit $1,000,000 (or $1,150,000 if the underwriters’
over-allotment option was exercised in full), which will be wired to you, into the Trust Account investments upon receipt.

 

This
is the _____ of up to two Extension Letters.

 

	 	Very
    truly yours,
	 	 
	 	WINVEST
    ACQUISITION CORP.
	 	 	 
	 	By:	                
	 	Name:	 
	 	Title:	 

 

cc:
Chardan Capital Markets, LLC

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