Document:

Exhibit 4.3

 

DESCRIPTION OF CAPITAL STOCK

 

General

 

The following description
of our capital stock is intended as a summary only and is qualified in its entirety by reference to our articles of incorporation and
bylaws, each previously filed with the Securities and Exchange Commission and incorporated by reference as an exhibit to the Annual Report
on Form 10-K of which this Description of Capital Stock is a part, as well as to the applicable provisions of the Nevada Revised Statutes.
Under this “Description of Capital Stock,” “we,” “us,” “our” “Fresh Vine Wine,”
“Fresh Vine” and “our Company” refer to Fresh Vine Wine, Inc.

 

Authorized Capital Stock

 

Our authorized capital stock
consists of 100,000,000 shares of common stock, $0.001 par value per share, and 25,000,000 shares of preferred stock, $0.001 par value
per share.

 

Common stock

 

Voting rights.    Each
share of our common stock is entitled to one vote on all stockholder matters. Shares of our common stock do not possess any cumulative
voting rights. Except for the election of directors, if a quorum is present, an action on a matter is approved if it receives the affirmative
vote of the holders of a majority of the voting power of the shares of capital stock present in person or represented by proxy at the
meeting and entitled to vote on the matter, unless otherwise required by applicable law, the Nevada Revised Statutes, our articles of
incorporation or bylaws. The election of directors will be determined by a plurality of the votes cast in respect of the shares present
in person or represented by proxy at the meeting and entitled to vote, meaning that the nominees with the greatest number of votes cast,
even if less than a majority, will be elected. The rights, preferences and privileges of holders of common stock are subject to, and may
be impacted by, the rights of the holders of shares of any series of preferred stock that we may designate and issue in the future.

 

Dividend rights.    Holders
of common stock will share ratably (based on the number of shares of common stock held) if and when any dividend is declared by the board
of directors out of funds legally available therefor, subject to any statutory or contractual restrictions on the payment of dividends
and to any preferential or other rights of any outstanding preferred stock.

 

Liquidation rights.    upon
our liquidation, dissolution or winding up and after payment in full of all amounts required to be paid to creditors and to the holders
of preferred stock having liquidation preferences, if any, each holder of common stock will be entitled to a pro rata distribution of
any assets available for distribution to common stockholders.

 

Other matters.    No
shares of common stock will be subject to redemption or have preemptive rights to purchase additional shares of common stock. Holders
of shares of our common stock do not have subscription, redemption or conversion rights. There will be no redemption or sinking fund provisions
applicable to the common stock. All of the outstanding shares of common stock are validly issued, fully paid and non-assessable.

 

Preferred stock

 

Our board of directors may, without further action
by our stockholders, from time to time, direct the issuance of shares of preferred stock in series and may, at the time of issuance, determine
the designations, powers, preferences, privileges and relative participating, optional or special rights, as well as the qualifications,
limitations or restrictions thereof, including dividend rights, conversion rights, voting rights, terms of redemption and liquidation
preferences, any or all of which may be greater than the rights of the common stock. Satisfaction of any dividend preferences of outstanding
shares of preferred stock would reduce the amount of funds available for the payment of dividends on shares of our common stock. Holders
of shares of preferred stock may be entitled to receive a preference payment in the event of our liquidation before any payment is made
to the holders of shares of our common stock. Under certain circumstances, the issuance of shares of preferred stock may render more difficult
or tend to discourage a merger, tender offer or proxy contest, the assumption of control by a holder of a large block of our securities
or the removal of incumbent management. Upon the affirmative vote of a majority of the total number of directors then in office, our board
of directors, without stockholder approval, may issue shares of preferred stock with voting and conversion rights which could adversely
affect the holders of shares of our common stock and the market value of our common stock.

 

    

     

    

 

Anti-takeover Effects of our Charter Documents
and under Nevada Law

 

Our Articles of Incorporation and Bylaws

 

Our articles of incorporation
and our bylaws contain provisions that may delay, defer or discourage another party from acquiring control of us. We expect that these
provisions will discourage coercive takeover practices or inadequate takeover bids. These provisions are also designed to encourage persons
seeking to acquire control of us to first negotiate with the board of directors, which we believe may result in an improvement of the
terms of any such acquisition in favor of our stockholders. However, they may also discourage acquisitions that some stockholders may
favor.

 

These provisions include:

 

		●	No cumulative voting.    The Nevada
Revised Statutes provides that stockholders are not entitled to the right to cumulate votes in the election of directors unless the articles
of incorporation specifically authorizes cumulative voting. Our articles of incorporation do not authorize cumulative voting. As such,
the combination of the present concentration of share ownership within a few stockholders and lack of cumulative voting makes it more
difficult for other stockholders to replace our board of directors or for a third party to obtain control of us by replacing our board
of directors.

 

		●	Advance notice procedures.    Our
bylaws establish an advance notice procedure for stockholder proposals to be brought before an annual meeting of our stockholders, including
proposed nominations of persons for election to the board of directors. Stockholders at an annual meeting will only be able to consider
proposals or nominations specified in the notice of meeting or brought before the meeting by or at the direction of the board of directors
or by a stockholder who was a stockholder of record on the record date for the meeting, who is entitled to vote at the meeting and who
has given our secretary timely written notice, in proper form, of the stockholder’s intention to bring that business before the
meeting. Although the bylaws do not give the board of directors the power to approve or disapprove stockholder nominations of candidates
or proposals regarding other business to be conducted at a special or annual meeting, the bylaws may have the effect of precluding the
conduct of certain business at a meeting if the proper procedures are not followed or may discourage or deter a potential acquiror from
conducting a solicitation of proxies to elect its own slate of directors or otherwise attempting to obtain control of our Company.

 

		●	Actions by written consent; special meetings of stockholders.    Our
articles of incorporation provide that stockholder action can be taken only at an annual or special meeting of stockholders, or by written
consent in lieu of a meeting. Our bylaws also provide that special meetings of the stockholders can only be called by the chairman of
the board of directors, the chief executive officer, the president, or in their absence or disability, by any vice president, or by the
board of directors (by action of a majority of the directors).

 

		●	Authorized but unissued shares.    Our
authorized but unissued shares of common and preferred stock will be available for future issuance without stockholder approval. The
existence of authorized but unissued shares of preferred stock could render more difficult or discourage an attempt to obtain control
of us by means of a proxy contest, tender offer, merger or otherwise.

 

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Anti-takeover Effects under Nevada Law

 

Some features of the Nevada Revised Statutes, which
are further described below, may have the effect of deterring third parties from making takeover bids for control of our company or may
be used to hinder or delay a takeover bid. This would decrease the chance that our stockholders would realize a premium over market price
for their shares of common stock as a result of a takeover bid.

 

Acquisition of Controlling Interest

 

The Nevada Revised Statutes contain provisions governing
acquisition of controlling interest of a Nevada corporation. These provisions provide generally that any person or entity that acquires
a certain percentage of the outstanding voting shares of a Nevada corporation may be denied voting rights with respect to the acquired
shares, unless the holders of a majority of the voting power of the corporation, excluding shares as to which any of such acquiring person
or entity, an officer or a director of the corporation, and an employee of the corporation exercises voting rights, elect to restore such
voting rights in whole or in part. These provisions apply whenever a person or entity acquires shares that, but for the operation of these
provisions, would bring voting power of such person or entity in the election of directors within any of the following three ranges:

 

		●	20% or more but less than 33-1/3%;

 

		●	33-1/3% or more but less than or equal to 50%; or

 

		●	more than 50%.

 

The stockholders or board of directors of a corporation
may elect to exempt the stock of the corporation from these provisions through adoption of a provision to that effect in the articles
of incorporation or bylaws of the corporation. Our articles of incorporation and bylaws do not exempt our common stock from these provisions.

 

These provisions are applicable only to a Nevada
corporation, which:

 

		●	has 200 or more stockholders of record, at least 100 of whom
have addresses in Nevada appearing on the stock ledger of the corporation; and

 

		●	does business in Nevada directly or through an affiliated
corporation.

 

To the extent that these provisions apply to us,
they may discourage companies or persons interested in acquiring a significant interest in or control of our company, regardless of whether
such acquisition may be in the interest of our stockholders.

 

Combination with Interested Stockholders

 

The Nevada Revised Statutes contain provisions governing
combination of a Nevada corporation that has 200 or more stockholders of record with an interested stockholder. To the extent that these
provisions apply to us, they may have the effect of delaying or making it more difficult to effect a change in control of our company.

 

A corporation affected by these provisions may not
engage in a combination within three years after the interested stockholder acquires his, her or its shares unless the combination
or purchase is approved by the board of directors before the interested stockholder acquired such shares. Generally, if approval is not
obtained, then after the expiration of the three-year period, the business combination may be consummated with the approval of the
board of directors before the person became an interested stockholder or a majority of the voting power held by disinterested stockholders,
or if the consideration to be received per share by disinterested stockholders is at least equal to the highest of:

 

		●	The highest price per share paid by the interested stockholder
within the three years immediately preceding the date of the announcement of the combination or within three years immediately
before, or in, the transaction in which he, she or it became an interested stockholder, whichever is higher;

 

		●	the market value per share on the date of announcement of
the combination or the date the person became an interested stockholder, whichever is higher; or

 

		●	if higher for the holders of preferred stock, the highest
liquidation value of the preferred stock, if any.

 

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Generally, these provisions define an interested
stockholder as a person who is the beneficial owner, directly or indirectly of 10% or more of the voting power of the outstanding voting
shares of a corporation. Generally, these provisions define combination to include any merger or consolidation with an interested stockholder,
or any sale, lease, exchange, mortgage, pledge, transfer or other disposition, in one transaction or a series of transactions with an
interested stockholder of assets of the corporation:

 

		●	having an aggregate market value equal to 5% or more of the
aggregate market value of the assets of the corporation;

 

		●	having an aggregate market value equal to 5% or more of the
aggregate market value of all outstanding shares of the corporation; or

 

		●	representing 10% or more of the earning power or net income
of the corporation.

 

Removal of Directors

 

The Nevada Revised Statutes provides that a director
may be removed from office only by the vote of stockholders representing not less than two-thirds of the voting power of the issued
and outstanding stock entitled to vote. As such, it may be more difficult for stockholders to remove directors due to the fact the Nevada
Revised Statutes requires greater than majority approval of the stockholders for such removal.

 

Exclusive Forum Selection

 

Under our bylaws, and unless we consent in writing
to the selection of an alternative forum, the Eighth Judicial District Court of Clark County, Nevada (or, if that court does not have
jurisdiction, the federal district court for the District of Nevada or other state courts of the State of Nevada) shall, to the fullest
extent permitted by law, be the exclusive forums for (a) any derivative action or proceeding brought in the name or right of the Company
or on the Company’s behalf, (b) any action asserting or based upon a claim of breach of any duty owed by any director, officer,
employee or agent of the Company to the Company or to the Company’s stockholders, (c) any action or assertion of a claim arising
pursuant to any provision of Chapter 78 or Chapter 92A of the Nevada Revised Statutes or the Company’s articles of incorporation
or bylaws, (d) any action to interpret, apply, enforce or determine the validity of the Company’s articles of incorporation or bylaws
or (e) any action asserting a claim against the Company governed by the internal affairs doctrine.

 

Notwithstanding the foregoing, our bylaws provide
that the exclusive forum provision will not apply to suits brought to enforce a duty or liability created by the Securities Act or the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), or any other claim for which the federal courts have exclusive
jurisdiction. Section 27 of the Exchange Act creates exclusive federal jurisdiction over all suits brought to enforce any duty or liability
created by the Exchange Act or the rules and regulations thereunder, and Section 22 of the Securities Act creates concurrent jurisdiction
for federal and state courts over all suits brought to enforce any duty or liability created by the Securities Act or the rules and regulations
thereunder.

 

Although we believe this provision benefits us by
providing increased consistency in the application of Nevada law in the types of lawsuits to which it applies, a court may determine that
this provision is inapplicable (including as a result of the above exclusions) or unenforceable, and to the extent it is enforceable,
the provision may have the effect of discouraging lawsuits against our directors and officers, although our stockholders will not be deemed
to have waived our compliance with federal securities laws and the rules and regulations thereunder.

 

Corporate Opportunities

 

Our articles of incorporation provide that we renounce
any interest or expectancy in the business opportunities of Nechio & Novak, LLC and of its officers, directors, agents, stockholders,
members, partners, affiliates and subsidiaries and each such party shall not have any obligation to offer us those opportunities unless
presented to one of our directors or officers in his or her capacity as a director or officer.

 

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Limitations on Liability and Indemnification of Directors and Officers

 

Nevada law permits a company to indemnify its directors
and officers, except for any act of dishonesty. The Company has provided in its articles of incorporation and bylaws for the indemnification
of its officers and directors against expenses, judgments, fines and amounts paid in settlement actually and reasonably necessarily incurred
in connection with the defense of any action, suit or proceeding in which they are a party by reason of their status as an officer or
director, provided they acted in good faith and in a manner reasonably believed to be in or not opposed to the best interests of the Corporation
and, with respect to any criminal action or proceeding, without reasonable cause to believe their conduct was unlawful. We have also entered
into customary indemnification agreements with each of our directors and officers that provide them, in general, with customary indemnification
in connection with their service to us or on our behalf. We also maintain officers’ and directors’ liability insurance that
insures against liabilities that our officers and directors may incur in such capacities.

 

The Company’s articles of incorporation limit
or eliminate the personal liability of its officers and directors for damages resulting from breaches of their fiduciary duty for acts
or omissions, except for damages resulting from acts or omissions which involve intentional misconduct, fraud, a knowing violation of
law, or the inappropriate payment of dividends in violation of Nevada Revised Statutes.

 

The above discussion of our articles of incorporation,
bylaws and Nevada law is not intended to be exhaustive and is respectively qualified in its entirety by such articles of incorporation,
bylaws and applicable Nevada law.

 

Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to directors, we have been informed that in the opinion of the SEC such indemnification is against
public policy and is therefore unenforceable.

 

Transfer Agent and Registrar

 

The transfer agent and registrar for our common
stock is Computershare Trust Company, N.A.

 

Listing

 

Our common stock is listed
on the NYSE American under the symbol “VINE” and began trading on December 14, 2021. Prior to that date, there was no public
trading market for our common stock.

 

 

5Exhibit 10.14

 

CONSULTING SERVICES AGREEMENT

 

This Consulting Services Agreement
(this “Agreement”) is made and entered into as of January 1, 2022 (“Effective Date”) by and between
Fresh Vine Wine, Inc. (“Fresh Vine”) and FELCS, LLC “(FELCS”). Fresh Vine and FELCS may be referenced
to herein individually as a “Party” and collectively as the “Parties.”

 

WHEREAS, Fresh Vine is a wine
company that produces and sells low calorie, low carb, low sugar, gluten free premium wines;

 

WHEREAS, FELCS is qualified
to advise on strategic and operational issues relating to the wine industry, as well as to provide associated services regarding Fresh
Vine’s business operations and business development; and

 

WHEREAS, the Parties desire
to enter into this Agreement for FELCS to provide such services in accordance with the terms and conditions set forth in this Agreement.

 

NOW, THEREFORE, for and in
consideration of the premises, and the agreements, covenants, representations and warranties hereinafter set forth, and other good and
valuable consideration, the receipt and adequacy of which are forever acknowledged and confessed, the Parties hereto agree as follows:

 

ARTICLE 1

APPOINTMENT, RESPONSIBILITIES AND OBLIGATIONS
OF FELCS

 

1.1 Services.
Fresh Vine engaged FELCS, and FELCS accepts such engagement, to provide and perform all of those consulting services set forth in Exhibit
A, which is attached hereto and incorporated herein (the “Services”). FELCS shall perform the Services on behalf
of Fresh Vine at such locations as Fresh Vine and FELCS may from time to time mutually agree. The exact dates and times that the Services
shall be performed may be coordinated by a schedule from time to time mutually agreed upon between the Parties.

 

1.2 Qualifications;
Method of Performing the Services. FELCS represents that FELCS has the capabilities, qualifications, and skills necessary to reasonably
perform the Services under this Agreement in a competent and professional manner. FELCS shall comply with all applicable state and Federal
laws governing the performance of the Services. Except as provided within the terms and conditions of this Agreement, FELCS shall control
the manner, means, details and method in which it performs the Services. FELCS may appoint and supervise its own representative agents
to perform the Services subject to conditions contained herein.

 

1.3 Compliance.
FELCS shall follow all Fresh Vine’s written policies and procedures made available to FELCS as they relate to the Services; and
complete any training reasonably required and offered by Fresh Vine, as applicable, related to compliance with the laws and regulations
governing the activities of the Parties contemplated by this Agreement.

 

1.4 No
Conflicts. Fresh Vine is entering into this Agreement based upon the belief that FELCS is free to enter into and perform under this
Agreement. Accordingly, recognizing that Fresh Vine will rely upon this representation, warrant and covenant, FELCS represents, warrants
and covenants to Fresh Vine that FELCS is: (a) under no obligation or commitment, contractual or otherwise, that would prohibit or prevent
FECLS from entering into this Agreement; and (b) free to enter into and perform all of FELCS’s duties and obligations under this
Agreement.

 

    1

     

    

 

ARTICLE 2

COMPENSATION FOR THE SERVICES

 

2.1 Compensation.
In exchange for performance of the Services, Fresh Vine hereby agrees to pay FELCS according to the terms outlined in Exhibit B.

 

2.2 Expenses.
FELCS shall not be reimbursed for any expenses incurred on behalf of Fresh Vine, unless Fresh Vine provides its written approval and authorization
for such expenses prior to such expenses being incurred, in accordance with Fresh Vine policies. All expenses properly approved under
the terms of this Agreement and incurred by FELCS in the performance of the Services hereunder shall be reimbursed by Fresh Vine as soon
as is reasonably possible after FELCS files an itemized account of such expenses with Fresh Vine along with supporting documentation of
such expenses (i.e., receipts, invoices, etc.).

 

ARTICLE 3

TERM AND TERMINATION

 

3.1 Term.
This Agreement shall commence as of the Effective Date and will continue for a period of one (1) year, and will automatically renew for
additional one (1) year periods, unless either Party gives the other written notice of non-renewal at least thirty (30) days prior to
the end of the initial term or any renewal term.

 

3.2  Termination
For Breach. In the event either Party fails to comply with any term of this Agreement, upon giving reasonably detailed written notice
to that effect to the Party in breach, the non-breaching Party may immediately terminate this Agreement; provided, that, the breaching
Party shall have been given at least thirty (30) days from the date of the written notice to cure such breach.

 

3.3 Termination
for Just Cause. This Agreement may be terminated at any time by either Party immediately at any time for “Just Cause”.
The Parties expressly agree that a Party will have Just Cause for termination upon either Party being accused or convicted of any illegal
activity by a governmental entity which could, in the reasonable opinion of the other Party, jeopardize or adversely affect the business
reputation of the other Party or the ability of either Party to provide services.

 

3.4 Termination
without Cause. Either Party may terminate this Agreement at any time with thirty (30) days prior written notice to the other Party.

 

3.5 Termination
by Mutual Agreement. This Agreement may be terminated at any time by mutual consent embodied in a written agreement to terminate signed
by an authorized representative of each of the Parties hereto.

 

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3.6 Effect
of Termination. Upon the expiration or earlier termination of this Agreement, neither Party shall have any further obligation hereunder
except for (a) obligations accruing prior to the date of expiration or termination, and (b) obligations, promises, or covenants contained
herein which are expressly made to extend beyond the term. Fresh Vine shall have no further obligation to make any payments to FELCS pursuant
to this Agreement from and after the date of termination of this Agreement, other than payments earned, due and payable to FELCS hereunder
prior to the date of termination.

 

ARTICLE 4

COMPLIANCE WITH LEGAL REQUIREMENTS

 

4.1 General
Compliance. The Parties hereto enter into this Agreement with the intent of conducting their relationship in full compliance with
applicable state, local and Federal laws as these laws may now exist or hereafter may be amended Notwithstanding any unanticipated effect
of any of the provisions of this Agreement, no Party shall intentionally conduct itself under the terms of this Agreement in a manner
that would constitute a violation of the laws. 

 

4.2 Statements
Regarding Products. The Parties agree that both will act to insure that no false, deceptive, or misleading statements regarding Fresh
Vine are made. As used in this Agreement, “false, deceptive, and misleading statements” shall have the same definition as
the definition published from time to time for “false, deceptive, and misleading statements” by the FTC Policy Statements.
All advertising and promotional materials intended for use in connection with the sale of the Product shall be approved for use, in writing,
by Fresh Vine. Fresh Vine shall have the right, in the sole and absolute discretion of Fresh Vine, to require the reasonable modification
of any advertising or promotional materials proposed by FELCS to be used in connection with the sale of the Product. In the event that
FELCS shall elect not to make the modifications as reasonably required by Fresh Vine, then the materials shall not be used for any purpose
whatsoever in connection with the Product. So long as Fresh Vine has approved the use of material for use by FELCS in FELCS’ advertising
and promotional materials in accordance with the provisions of this Section 4.2, FELCS shall have no liability to Fresh Vine for any damages
which may result from or be incurred by Fresh Vine as a result of the authorized use of such approved advertising and promotion materials.

 

ARTICLE 5

RELATIONSHIP OF THE PARTIES

 

5.1
Independent Contractors. The relationship of Fresh Vine and FELCS established by this Agreement is that of independent contractors,
and nothing contained in this Agreement shall be construed to (a) give either Party the power to direct and control the day-to-day activities
of the other, or (b) constitute the Parties as employer/employee, partners, joint venturers, co-owners or otherwise as participants in
a joint or common undertaking. FELCS is a representative of Fresh Vine only for those purposes expressly set forth in this Agreement and
has no power or authority to represent, act for, bind or otherwise create or assume any obligation on behalf of Fresh Vine for any other
purposes whatsoever. FELCS understands and agrees that Fresh Vine will not withhold on behalf of FELCS or any persons retained by FELCS
any sum for federal income tax, unemployment insurance, social security, or any other withholding applicable to employees, and Fresh Vine
will not provide FELCS or other persons retained by FELCS any of the benefits provided to Fresh Vine’s employees.

 

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ARTICLE 6

CONFIDENTIALITY AND RECORDS

 

6.1 Confidential
Information.

 

(a) The
Parties agree not to directly or indirectly, use, publish, disseminate, distribute or otherwise disclose any Confidential Information
of the other; provided, however, that either Party may disclose Confidential Information of the other: (i) with the other’s
prior written consent; (ii) to their respective affiliates, members, directors, managers, officers, employees, auditors, counsel, and
subcontractors; (iii) as may be required by any governmental authority, provided that the applicable parties gives notice of such requirement
to the other Party; (iv) as may be required in respect to an summons or subpoena or in connection with any litigation or other judicial
process; (v) for any purpose necessary to fulfill such Party’s obligation under this Agreement; and (vi) in order to comply with
any applicable law, order, regulation, or ruling. The term “Confidential Information” means any confidential or proprietary
information of either Party or specific information related to the operation of the Party’s business, including, but not limited
to, notes, reports, studies, records, data, policies, documents, correspondence, files, patient information and similar material and information
owned by the Party or used in the course of its business and received by a Party in connection with this Agreement; provided, however,
Confidential Information shall not include information (A) already known by the recipient Party without an obligation of confidentiality,
(B) publicly known or which becomes publicly known through no act of the recipient Party in violation of this Agreement, (C) rightfully
received by the recipient Party from a third party without an obligation of confidentiality to the disclosing Party or any other Party,
or (D) independently developed by the recipient Party without use of the other’s Confidential Information. Upon termination of this
Agreement, or at any time upon the request of a Party, the other Party hereto will promptly, after receipt of written notice, deliver
to the requesting Party all documents, data, and other information in its possession that contains Confidential Information of the other
Party or make such other reasonable disposition thereof as the other Party may direct.

 

(b) The
Parties acknowledge and agree that the restrictions set forth in this Section 6.1 are reasonable and necessary to protect each Party’s
legitimate interest and that each Party would not have entered into this Agreement in the absence of such restrictions. The Parties further
agree that the violation of this Section 6.1 will result in irreparable injury to the applicable Party, and that such Party’s remedy
at law for any violation or threatened violation of this Section 6.1 will be inadequate and that in the event of any such breach or threatened
breach, the Party, in addition to any other remedies or damages available to it at law or in equity, shall be entitled to temporary injunctive
relief before trial from any court of competent jurisdiction as a matter of course and permanent injunctive relief without the necessity
of proving actual damages or posting bond. This Section 6.1 shall survive termination of this Agreement.

 

6.2 Records
and Reports. Fresh Vine hereby retains all right, title and interest in and to any Work Product (as defined herein) (including without
limitation all intellectual property rights associated therewith) and acknowledges and agrees that such Work Product is the sole and exclusive
property of Fresh Vine. The ownership and right of control of all Work Product (as defined herein) prepared in connection with the operation
of Fresh Vine or the performance of the Services shall, as between the Parties, vest exclusively in Fresh Vine. All Confidential Information
of Fresh Vine and the Work Product produced in connection with the Services are and shall remain the property of Fresh Vine. “Work
Product” shall mean any ideas, inventions, original works of authorship, developments, improvements, or processes, solely or
jointly conceived, developed or reduced to practice by FELCS or FELCS’s employees or agents, which arise out of, relate to or result
from the Services rendered under this Agreement.

 

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ARTICLE 7

INSURANCE AND INDEMNIFICATION

 

7.1 Insurance.
The Parties both acknowledge and understand that the Parties will not be covered by the other Party’s insurance policies. The Parties
represent and warrant that each shall at all times carry its own liability insurance at levels reasonably adequate given the nature of
the Party’s business. Each Party shall provide the other Party with proof of such coverage upon request. In addition, each Party
shall provide the other Party with notice in the event any such insurance coverage is terminated.

 

7.2 Indemnification.
Except as otherwise provided herein, each Party (the “Indemnifying Party”) agrees to indemnify, defend and hold harmless
the other Party, and such Party’s directors, managers, members, officers, employees, agents, and representatives (the “Indemnified
Party”) from and against any and all claims, damages, liabilities, fines, penalties, costs and expenses (including reasonable
attorney’s fee) to which such Indemnified Party may be subjected as a result of the Indemnifying Party’s (i) material breach
of this Agreement, or (ii) performance hereunder in a manner that is negligent, grossly negligent, reckless or willfully improper.

 

ARTICLE 8

MISCELLANEOUS

 

8.1  Entire
Agreement; Amendment. This Agreement supersedes all previous contracts between the Parties relating to the subject matter hereof and
constitutes the entire agreement between the Parties. Oral statements or prior written materials not specifically incorporated in this
Agreement shall not be of any force and effect. In entering into and executing this Agreement, the Parties rely solely upon the representations
and agreements contained in this Agreement and no others. Except as otherwise set forth in this Agreement, no changes in or additions
to this Agreement shall be recognized unless and until made in writing and signed by the Parties.

 

8.2  Waiver
of Breach. No provision of this Agreement shall be deemed waived unless evidenced by a written document signed by an authorized officer
or agent of the Parties. The waiver by either Party of a breach or violation of any provision of this Agreement shall not operate as,
or be construed to be, a waiver of any subsequent breach of the same or other provision of this Agreement.

 

8.3 Governing
Law; Venue. This Agreement has been executed and delivered and shall be construed and enforced in accordance with the laws of the
State of Texas (but not including its conflict of laws rules if and to the extent such rules would apply the substantive laws of another
jurisdiction). Any action by any Party whether at law or in equity, shall be commenced and maintained and venue shall properly be in Dallas
County, Texas.

 

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8.4  Notices.
Any notice required or permitted to be given hereunder to either Party shall be deemed given if sent by hand delivery (deemed given upon
receipt), by registered or certified mail, return receipt requested (deemed given three (3) days after deposit in mail), or by overnight
mail delivery for which evidence of delivery is obtained by the sender (deemed given at such date and time indicated in evidence of delivery),
to such Party at:

 

	 	If to FELCS:	FELCS, LLC
	 	 	10440 N. Central Expressway
	 	 	Suite 1400
	 	 	Dallas, Texas 75231
	 	 	 
	 	If to Fresh Vine:	Fresh Vine Wine, Inc.
	 	 	505 Highway 169
	 	 	Suite 255
	 		Plymouth, MN 55441

 

 8.5 Assignment.  Neither Party
shall assign this Agreement nor any rights hereunder without the prior written consent of the other Party. The provisions of, and obligations
arising under, this Agreement shall extend to, be binding upon and inure to the benefit of the successors and assigns of each Party.

 

8.6 Severability;
Changes in Law. If any part of this Agreement is determined to be invalid, illegal, inoperative, or contrary to law or professional
ethics, such part shall be reformed, if possible, to conform to law and ethics; the remaining parts of this Agreement shall be fully effective
and operative to the extent reasonably possible. If any restriction contained in this Agreement is held by any court to be unenforceable
or unreasonable, a lesser restriction shall be enforced in its place and the remaining restrictions shall be enforced independently of
each other.

 

8.7 Gender,
Number and Interpretation. Whenever the context of this Agreement requires, the gender of all words herein shall include the masculine,
feminine, and neuter, and the number of all words herein shall include the singular and plural. This Agreement shall be construed without
regard to any presumption or rule requiring construction or interpretation against the Party drafting an instrument or causing any instrument
to be drafted.

 

8.8 Divisions
and Headings. The division of this Agreement into Sections and the use of captions and headings in connection therewith are solely
for convenience and shall have no legal effect in construing the provision of this Agreement.

 

8.9 Counterparts.
This Agreement may be executed in multiple counterparts, each of which shall constitute an original and all of which shall constitute
one document; and furthermore, a facsimile signature hereon shall be deemed to be an original.

 

[Signature page(s) to follow]

 

    6

     

    

 

IN WITNESS WHEREOF, the Parties have executed this Agreement effective
as of the Effective Date, although not necessarily executed on such date.

 

	 	FELCS:
	 	 
	 	FELCS, LLC
	 	 	 
	 	By:	/s/ Damian Novak
	 	Name: 	Damian Novak
	 	Date:	 
	 	 	 
	 	FRESH VINE:
	 	 
	 	By:	/s/ Elliot Savoie
	 	Name:	Elliot Svaoie
	 	Date:	 

 

    7

     

    

 

EXHIBIT A

SERVICES

 

During the term, FELCS shall
provide the following Services:

 

(a) Serve
as a consultant and advisor to Fresh Vine, including but not limited to:

 

(i) Assisting
in and advising on the development of marketing plans, materials and objectives for Fresh Vine;

 

(ii) Assisting
in the development and implementation of effective growth strategies and processes;

 

(iii) Advising
on the recommending changes in Fresh Vine’s systems, policies and procedures; and

 

(b) Undertake
other consulting projects as requested by Fresh Vine, and agreed to by FELCS.

 

    8

     

    

 

EXHIBIT B

COMPENSATION

 

Compensation for Services pursuant
to this Agreement shall be in the amount of $25,000 per month, payable in monthly installments without interest by the 10th day of every
calendar month during the term for the Services performed the preceding month.

 

 

9

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