Document:

TGWC Exhibit 10.18 6/29/05

EMPLOYMENT AGREEMENT

AGREEMENT made as of this 29th day of June, 2005 by and between 360 Global  WINES, INC., a Nevada corporation and authorized to do business in California, with its business address at 1 Jamieson Canyon Road, Napa, California 94558 (the "Corporation") and Jonathan A. Sebastiani, residing at 1400 Old Winery Court, Sonoma, California 95476(Sebastiani).

W I T N E S S E T H

WHEREAS, the Corporation seeks the employment of Sebastiani as its President because of his presidency of Viansa Winery; his extensive knowledge of the wine industry and the methods of sales and marketing of wines; his knowledge of price points, operations, leadership and the retail wine industry; and

WHEREAS, the Corporation wishes to employ Sebastiani as an executive employee of the Corporation on a full time basis and Sebastiani wishes to accept such employment; and

WHEREAS, the Corporation considers the availability of Sebastiani’s services to be important to the successful conduct of the operations of the Corporation's business and desires to secure for itself the availability of his services; and

WHEREAS, Sebastiani desires to become an employee of the Corporation and serve in such capacities and perform all such duties as the Board of Directors of the Corporation shall assign.

NOW, THEREFORE, in consideration of the premises and mutual covenants and obligations hereinafter set forth the Corporation and Sebastiani hereby agree as follows:

1.  

Employment.  The Corporation hereby employs Sebastiani on a full-time basis as an executive employee of the Corporation and Sebastiani hereby accepts such full time employment, on the terms and conditions hereinafter set forth.  The Corporation agrees that, as his initial title hereunder, contemporaneously with the commencement of term of employment (as hereinafter defined), the Board of Directors of the Corporation shall initially elect Sebastiani to the office of President.  Sebastiani shall have such titles and such authority as, in the opinion of the 

Board of Directors of the Corporation, is necessary or appropriate for him to carry out his duties and obligations under this Agreement. 

2.  

Services.  During the term hereof, Sebastiani shall use his best efforts and devote all of the necessary business time and attention to the performance of such responsibilities and duties as are assigned to him by the Board of Directors.  

3.

Term.

(a) Except as otherwise provided in this Agreement to the contrary, the terms and conditions of this Agreement, and Sebastiani’s employment hereunder, shall be and remain in effect during the period of employment ("Employment Period") established under this Section 3.  The Employment period shall be for a term commencing on June 29, 2005 until such time as such employment is terminated by the Board of Directors of the Corporation.  It being understood and agreed that the employment of Sebastiani is totally, in all respects, at the pleasure of the Board of Directors of the Corporation.  

(b)  Notwithstanding anything herein contained to the contrary,   Sebastiani's employment with the Corporation may be terminated during the Employment Period, with or without cause.

4.

Compensation.  In consideration for services rendered by Sebastiani under this Agreement, the Corporation shall pay to Sebastiani a base salary ("Base Salary") at an annual rate equal to Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00) per annum, payable in equal monthly installments or in such other manner as the parties shall mutually agree.  Said salary shall be reviewed and increased by the Board annually to reflect increased profitability of the corporation while Sebastiani serves as its President.  In addition to the above referenced annual salary, as a signing bonus (“Signing Bonus”) and inducement for Sebastiani to join the Corporation, Sebastiani shall be immediately issued (on a post reverse split basis) fifty thousand (50,000) shares of Common Stock ($0.001 par value) of the corporation, and (on a post reverse split basis) a five year warrant to purchase five hundred thousand (500,000), shares exercisable at $5.00 per share.  This warrant shall vest quarterly on a pro rata basis throughout the year at the rate of 100,000 shares annually.  The singing bonus shares (50,000)  is vested upon the execution of this Agreement and is non-revocable thereafter.  The Corporation further agrees that, in addition to the above-referenced Base Salary and Signing Bonus,  Sebastiani shall be entitled to a bonus 

plan (Bonus Plan) to be mutually agreed upon between himself and the Board of Directors and the subject of a separate document which, when completed, shall be made a part hereof as if set forth in full herein.  Sebastiani and the Board of Directors shall complete the Bonus Plan within two (2) months after signing. 

5.

Employee Benefits Plans. 

Except as otherwise provided in this Agreement,  Sebastiani shall, during the Employment Period and for purposes of the Employee Benefits Plan, be treated as an employee of the Corporation and be entitled to participate in and receive benefits under any employee benefit plan, fringe benefit plan, retirement or pension plan, incentive savings plan, stock option and appreciation rights plan, or any other incentive compensation plan instituted and maintained from time to time by the Corporation, in accordance with the terms and conditions of such employee benefit and compensation plans and programs, which may by their terms exclude certain categories of  part time and/or executive employees.

6.

Working Facilities and Expenses.  

(a)  Sebastiani's principal place of employment shall be initially located in Napa, California.  

(b)  Automobile. The Corporation shall provide Sebastiani with a monthly car allowance of Five Hundred Dollars ($500.00), for each month during the Employment Period, subject to increase in the sole and absolute discretion of the Board of Directors.  Such payment shall be due and payable on the first day of each month commencing June 1st, 2005.

(c)  Business and Travel.  The Corporation shall reimburse Sebastiani for his ordinary and necessary business expenses, including without limitation, travel and entertainment expenses, incurred in connection solely with the performance of his duties under this Agreement.  Sebastiani shall make timely presentation to the Corporation of an itemized account of such expenses in such form as the Corporation may reasonably require and not more often than once per month.

(d)  Vacation.  Mr. Sebastiani shall be entitled to a minimum of four weeks paid vacation per year, which vacation accrual shall commence immediately upon execution of this agreement. No more than one week in any quarter may be taken without prior approval from the 

CEO or COO.

7.

Termination.  The Corporation shall be entitled to terminate Sebastiani’s employment with the Corporation at any time, with or without cause, in the sole and absolute discretion of the Board of Directors of the Corporation.  Upon the termination of  Sebastiani's employment with the Corporation, the Corporation shall pay and provide to  Sebastiani  within twenty four (24) hours of the termination date:  his earned but unpaid Base Salary and any unpaid vacation through the date of termination and within ten (10) days of the termination date:  his earned but unpaid Bonus Plan monies and the benefits, if any, to which he is entitled as a former full time employee under the Corporation's employee plans and programs and compensation plans and programs described in Section 5 (Accrued but Unpaid Compensation).  All compensation and benefits shall cease on and as of the date of any such termination. The Corporation and Sebastiani hereby stipulate that the payments and benefits provided under this Section 7 are reasonable under the circumstances for all purposes.  

8.

Termination For Cause.  If the Corporation shall have terminated Sebastiani's employment, in its sole and absolute discretion: (a) for cause which for purposes of this Agreement shall mean a discharge because  Sebastiani:  (i) has intentionally engaged in grossly dishonest conduct in connection with his performance of services for the Corporation  that materially affects the Corporation or any affiliate, or has been convicted of a felony related to his employment; (ii) is in any way enjoined or otherwise prohibited from performing any or all of his duties hereunder as the result of the enforcement or attempted enforcement of any restrictive agreement entered into by  Sebastiani at any time in the past, present or future;  (iii) has willfully and materially breached a substantive term of this Agreement and he fails to cure such breach within sixty (60) days following written notice thereof from the Corporation; (iv) has any conviction or accident related to driving while under the influence of drugs or alcohol while performing the Corporation’s business; or (b)  Sebastiani's death or disability (as used herein "disability" shall mean mental or physical incapacity which prevents  Sebastiani from fulfilling any of his duties hereunder for a period of four (4) full months in any consecutive twelve (12) month period). All compensation and benefits shall cease on and as of the date of any such termination for cause and Sebastiani shall only receive his Accrued but Unpaid Compensation, other than any benefits that may accrue in accordance with COBRA.  The Corporation and Sebastiani hereby stipulate that the payments and benefits provided under this Section 8 are reasonable under the circumstances for all purposes.

9.

Termination Without Cause.  If the Board of Directors shall have terminated the employment of  Sebastiani at any time, in its sole and absolute discretion, without cause, all compensation and benefits shall cease on and as of the date of any such termination.  In such event Sebastiani shall receive his Accrued but Unpaid Compensation as provided for in paragraph 7 and, in addition, Sebastiani shall be paid a severance payment equal to five months of his Base Salary in effect on the date prior to his termination without cause. The Corporation and Sebastiani hereby stipulate that the payments and benefits provided under this Section 9 are reasonable under the circumstances for all purposes.  

10.

Non-Competitive Restrictions.

(a)  During the Term of this Agreement, Sebastiani shall not, directly or indirectly, engage in any business nor render any services, in any capacity, to or for any person, firm or corporation engaged in the Corporation's business other than the Corporation, except as and to the extent authorized by the Board of Directors of the Corporation or its successor in interest;

(b)  During the Term of this Agreement and for a period of two (2) months immediately following the termination of this Agreement for any reason whatsoever (including expiration), Sebastiani shall not for any reason whatsoever, directly or indirectly, for himself or on behalf of, or in conjunction with, any other person, persons, company, partnership, corporation or business entity, whether profit or not-for-profit:

(i)    Call upon, contact, divert, influence or solicit or attempt to call upon, contact, divert, influence or solicit any customer or customers of the Corporation, any subsidiary of the Corporation and/or its successor in interest (together, hereinafter sometimes referred to as the Covenant Entities);

(ii) divulge the names and addresses or any information concerning any customer of or supplier of goods and/or services to the Covenant Entities; and/or

(iii)   own, manage, operate, control, be employed by, participate in or be connected in any manner with the ownership, management, operation or control of the same, similar, or related line of business as that now or at any time 

during the term of this Agreement  except as otherwise provided for in Attachment __, which delineates activities that are expressly exempted from this Non-Competitive Restriction provision.

(c)   Sebastiani represents and warrants to each of the Covenant Entities that he has substantial experience and abilities in various other fields of endeavor and that any such restrictions will not have a material adverse impact on his ability to obtain and maintain gainful employment should his employment with any Covenant Entity be terminated or otherwise end. 

(d)  In the event it is determined by a court of competent jurisdiction that any provision of this Section 10 exceeds the time, geographic or other limitations permitted by the governing law of this Agreement or any other applicable law in any jurisdiction, then such provision shall be deemed limited to the maximum time, geographic or other limitations permitted by applicable law and the remainder of this Section 9 shall remain valid and in effect.

(e)  This Section shall in no way limit the other remedies available to the Corporation in accordance with any other Section hereof or any applicable laws.

.

11.

Confidentiality and Non-Disclosure.

(a) As the result of his duties Sebastiani will have access to some or all of the confidential information pertaining to the Covenant Entities businesses.  It is agreed that Confidential Information of the Covenant Entities includes, but is not limited to:

(i)   The ideas, methods, techniques, formats, formulae,  specifications, procedures, designs, processes, systems, control, data and software  and/or hardware products which are unique or proprietary to, or a trade secret of  any of the Covenant Entities;

(ii)    all customer, pricing, financial and marketing information pertaining to the businesses of any of the Covenant Entities;

(iii)    all operations, sales, training and other knowledge or materials utilized in the businesses of any of the Covenant Entities;

(iv)   all other information now in existence or developed in the future which is similar in nature to any of the foregoing; and

(v)     all information which is marked as confidential or explained to be confidential or which, by its nature, is confidential.

(b)  Sebastiani understands that he will necessarily have access to some or all of the Confidential Information.   Sebastiani recognizes the importance of protecting the Confidentiality and secrecy of the Confidential Information and, therefore, agrees to use his best efforts to protect the Confidential Information from unauthorized disclosure to other persons.   Sebastiani understands that protecting the Confidential Information from unauthorized disclosure is critically important to the success and competitive advantage of each of the Covenant Entities and that the unauthorized disclosure of the Confidential Disclosure would greatly damage the Covenant Entities.

(c)  Sebastiani agrees not to disclose any Confidential Information to others or use any Confidential Information for his own benefit without the express written consent of the Board of Directors of the Corporation or governing body of the Covenant Entity to which such Confidential Information belongs.   Sebastiani agrees to immediately return all Confidential Information, including any copies in his possession upon the request of the Board of Directors of the Corporation or the governing body of the Covenant Entity to which such Confidential Information belongs.

12.

Enforcement of Covenants.

(a) The covenants set forth herein on the part of Sebastiani shall be construed as an agreement independent of any other provision in this Agreement and the existence of any claim or cause of action of Sebastiani against the Corporation, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by any of the Covenant Entities of the Covenants contained herein.

(b) Employee acknowledges that irreparable damage will result to the 

Covenant Entities in the event of a material breach of any covenant contained herein and Sebastiani agrees that in the event of such material breach, any one or more of the Covenant Entities affected by such material breach shall be entitled, in addition to any and all other legal or equitable remedies and damages, to seek a temporary and/or permanent injunction to restrain the violation thereof by  Sebastiani and all of the persons acting for or with  Sebastiani.

(c) It is specifically understood and agreed by  Sebastiani that each of the Covenant Entities shall have the right to enforce the provisions of this Section 12 as against  Sebastiani as it relates to any such entity.

13.

Representations and Warranties; Investigation.

(a)   Sebastiani represents and warrants that he is not now and will not be on the date of commencement of this Agreement a party to any agreement, contract or understanding, whether of employment, agency, or otherwise, which would in any way conflict with, restrict or prohibit  Sebastiani from undertaking and performing his duties in accordance with the terms and provisions of this Agreement, and that  Sebastiani has the full right and power to enter into and to perform this Agreement in accordance with its terms and provisions.

(b)  Sebastiani agrees that before and at any time during his employment that the Corporation, in its discretion, may investigate Sebastianis background to confirm that  Sebastiani has not filed for bankruptcy (or similar debt relief status) and has no prior criminal record.  For this purpose, Sebastiani specifically hereby authorizes the Corporation to obtain such background checks and other information as may be useful.

14.

Successors and Assigns.  This Agreement will inure to the benefit of and be binding upon Sebastiani, his legal representatives, heirs and successors, and the Corporation, its successors and assigns, including any successor by a merger or consolidation or statutory receiver or any other person or firm or corporation to which all or substantially all of the assets and business of the Corporation may be sold or otherwise transferred.

15.

Notices.  Any communication to a party required or permitted under this Agreement including any notice, direction, designation, consent, instruction, objection or waiver shall be in writing and shall be deemed to be given at such time as it is delivered personally, or the earlier of (i) five days after sending or (ii) one day after the first attempted delivery on a non-holiday weekday in the locality of the noticed party (as indicated on a return receipt or records of the 

Sebastiani), if sent, all fees and charges prepaid, by US Postal Service Express Mail, return receipt requested, or by a recognized international Package expedited delivery service (e.g. FedEx, DHL and companies of similar stature) requiring a  receipt against delivery, in each case addressed to such party at the address listed below or at such other address as one such party may by written notice specify to the other:

If to  Sebastiani:

1400 Old Winery Court 

Sonoma, California, 95476.

-With a copy by like notice to-

If to the Corporation:

360 Global Wines, Inc.

c/o Joel A. Shapiro, Chairman

1 Kirkland Ranch Road

Napa, California 94558

-With a copy by like notice to-

Richard H.  Rosenblum, Esq.

Kaufmann, Feiner, Yamin,

 Gildin & Robbins, LLP

777 Third Avenue - 24th Floor

New York, New York 10017

Additionally, notice may be given by facsimile transmission, but any such notice shall not be deemed given or effective unless such facsimile transmission is acknowledged as to receipt in a return facsimile or other writing from the noticed party and, if so acknowledged, shall be deemed effective as of the date of such acknowledgment. 

16.

Limited Recourse.   Sebastiani agrees that he shall look only to the Corporation, or its successors and/or assigns for performance of any obligations hereunder and that he shall have and seek no recourse against any officer, director and/or shareholder of the Corporation without meeting his burden of proof that the officer, director and/or shareholder of the Corporation is the alter ego of the Corporation. 

17.

Severability.  A determination that any provision of this Agreement is invalid or unenforceable shall not affect the validity or enforceability of any other provision hereof.

18.

Waiver.  Failure to insist upon strict compliance with any of the terms, covenants or conditions hereof shall not be deemed a waiver of such term, covenant or condition.  A waiver of any provision of this Agreement must be made in writing, designated as a waiver, and signed by the party against whom its enforcement is sought.  Any waiver or relinquishment of any right or power hereunder at any one or more times shall not be deemed a waiver or relinquishment of such right or power at any other time or times.

19.

Survival.  Any provisions in this Agreement that by their nature encompass obligations extending beyond the termination of this Agreement shall survive the termination of this Agreement.

20.

Governing Law.  This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of  California, without reference to conflicts of law principles.

21.

Headings.  The headings of Sections in this Agreement are for convenience of reference only and are not intended to qualify the meaning of any Section.  Any reference to a Section number shall refer to a Section of this Agreement, unless otherwise stated.

22.

Entire Agreement; Modifications.  This instrument contains the entire Agreement of the parties relating to the subject matter hereof, and supersedes in its entirety any and all prior Agreements, understandings or representations relating to the subject matter hereof.  No modifications of this Agreement shall be valid unless made in writing and signed by the parties hereto.

IN WITNESS WHEREOF, the Corporation has caused this Agreement to be 

executed by its an officer thereof, thereunto duly authorized, and Sebastiani has hereunto set his hand, both as of the date and year first written above.

	 	 360 Global Wines Inc. a Nevada corporation

 By:  

 Joel A. Shapiro, Chairman

	 	

 Jonathan A. Sebastiani, Individually360 Global Wine Company Exhibit 10.19

FIFTH AMENDMENT AGREEMENT

AMENDMENT AGREEMENT, dated as of July 6, 2005 (this “Fifth Amendment”), to: (i) the Note Purchase Agreement, dated as of May 28, 2004, as amended by an Amendment Agreement dated as of September 30, 2004, (the “Amendment Agreement”), as further amended as of November 24, 2004 (the “Second Amendment”), and as further amended as of January 20, 2005 (the “Third Amendment”), and as further amended as of May 31, 2005 (the “Fourth Amendment”) (as so amended, and as it in the future may be amended, modified or supplemented from time to time in accordance with its terms, the “Note Purchase Agreement”), by and among 360 Global Wine Company f/k/a Knightsbridge Fine Wines, Inc., a Nevada corporation (hereinafter the “Company”), and each of Longview Fund, LP, Longview Equity Fund, LP and Longview International Equity Fund, LP (collectively, the “Purchasers”), (ii) that certain Convertible Promissory Note No. PN-04-1 dated May 28, 2004, in the original principal amount of $250,000 issued by the Company in favor of Longview Fund, LP (the “First Note”), (iii) that certain Convertible Promissory Note No. PN-04-2 dated May 28, 2004, in the original principal amount of $200,000 issued by the Company in favor of Longview Equity Fund, LP (the “Second Note”), and (iv) that certain Convertible Promissory Note No. PN-04-3 dated May 28, 2004, in the original principal amount of $50,000 issued by the Company in favor of Longview International Equity Fund, LP (the “Third Note” and, collectively with the First Note and the Second Note, the “Notes”). 

WHEREAS, the Company is in default under the Note Purchase Agreement and each of the Notes for non-payment of principal and interest owed under the Notes in cash on or before March 10, 2005, which default is continuing, and breaches of certain covenants under the Note Purchase Agreement, and each of the Notes; and

WHEREAS, the Company currently owes to the Purchasers the aggregate principal amount under the Notes of $517,072.99, plus account interest of $46,536.57 through June 30, 2005 plus an additional Fourth Amendment penalty of $50,000, which interest and penalty is being capitalized pursuant to this Fifth Amendment, for a total owing to the Purchasers as of the date hereof of $613,609.56; and

  WHEREAS, in order to induce the Purchasers not to commence legal proceedings against the Company and Mr. Shapiro, the parties hereto have agreed to amend certain provisions of the Note Purchase Agreement and each of the Notes as set forth in this Fifth Amendment.

NOW, THEREFORE, for good and valuable consideration, the receipt and legal sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

1.

Amendments to Note Purchase Agreement and Notes.  Subject to the satisfaction of conditions as to effectiveness set forth in Section 3 of this Fifth Amendment, as determined by the Purchasers, in their sole discretion, the Note Purchase Agreement and the Notes are hereby amended as follows:

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(a)

The Maturity Date (as such term is defined in each of the Notes) is hereby extended for a period of forty (40) from June 22, 2005 to August 1, 2005 (as hereby amended, the “Maturity Date”).

(b)

As an inducement to the extension of the Maturity Date of the Notes by the Purchasers and as a fee for entering into this Fifth Amendment, the Company agrees that an additional amount of twenty thousand dollars ($20,000) shall be added to the outstanding principal amount of the Notes (the “Inducement Fee”), in proportion to the Purchasers original investment amount, so that the aggregate outstanding principal amount of the Notes upon the effectiveness of this Fifth Amendment shall be $633,609.56.  Upon the effectiveness of this Fifth Amendment, the outstanding principal amount of the First Note shall be $316,804.78, the outstanding principal amount of the Second Note shall be $253,443.82, and the outstanding principal amount of the Third Note shall be $63,360.96.

(c)

Interest shall continue to accrue on the outstanding principal amount of the Notes at the rate of eighteen (18%) percent per annum, and interest shall be paid monthly on the last day of each month, until the Notes are paid in full.

(d)

The Company may prepay the Notes at any time, in whole or in part, prior to the Maturity Date, without any prepayment penalty.  All partial prepayments of the Notes, howsoever made, shall be applied first to accrued interest, until all accrued interest has been paid in full, and thereafter all remaining amounts shall be applied to the payment of the outstanding principal amount of the Notes.  Any complete prepayment of the Notes shall include the payment of all accrued and unpaid interest through and including the date of prepayment.

(e)

As security for the performance of the obligations of the Company under the Note Purchase Agreement, the Notes, and this Fifth Amendment, the two hundred and fifty thousand (250,000) shares of Common Stock (the “Initial Pledged Shares”) owned by Mr. Jake Shapiro and previously pledged to the Purchasers pursuant to the Pledge Agreement, shall remain in full force and effect and shall apply to the Notes.  Mr. Shapiro acknowledges and agrees that he had been in breach of his obligation to the Purchasers under the Third Amendment to pledge additional shares of Common Stock to the Purchasers.  The Purchasers acknowledge that Mr. Shapiro has now pledged an additional two million (2,000,000) Shares of Common Stock for a total of 2,250,000 Shares pledged under the Pledge Agreement (collectively, the “Pledged Shares”).  All references in the Pledge Agreement to the Note Purchase Agreement and the Notes shall be deemed to refer to the Note Purchase Agreement and the Notes, as amended prior to the date hereof, and by this Fifth Amendment.  All references in the Pledge Agreement to the Pledged Shares shall be to the Pledged Shares as defined in this Fifth Amendment.  Upon foreclosure under the Pledge Agreement, the Pledged Shares shall be deemed Registrable Securities, and the Pledged Shares shall be registered with the Securities and Exchange Commission in accordance with the terms, conditions and provisions of the Note Purchase Agreement.  

2.

Covenants.  1)  Upon the earlier to occur of (i) August 1, 2005 and (ii) the closing of a financing by the Company with the Laurus Funds or from any other source (the “Financing”), the 

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funds for which will be used, among other things, by the Company to consummate the acquisition of the Viansa winery (“Viansa”) the Company will pay $100,000 against the amounts owing under the Notes, such $100,000 to be applied pro rata among the Notes.

(b)

Following the $100,000 payment contemplated by Section 3(a) hereof, the Company will negotiate in good faith with the Purchasers a mutually agreeable repayment schedule for the repayment of all amounts remaining outstanding under the Notes, such repayment schedule to be initially proposed by the Purchasers.  Such renegotion shall be concluded by August 1, 2005 or sooner.

3.

Representations and Warranties.  In order to induce the Purchaser’s to enter into this Fifth Amendment, each of the Company and Mr. Shapiro hereby, jointly and severally, represents and warrants to each of the Purchasers as of the date hereof as follows (which representations and warranties shall survive the execution and delivery of this Fifth Amendment):

(a)

All representations and warranties made by the Company in Section 3 of the Note Purchase Agreement and Section 7 of each of the Notes, after taking into account the effectiveness of this Fifth Amendment, are true and correct in all material respects as of the date hereof with the same force and effect as if made on such date (except to the extent that any such representation or warranty expressly relates to an earlier date);

(b)

The Company has the requisite power to execute, deliver and carry out the terms and provisions of this Fifth Amendment;

(c)

The execution, delivery and performance of this Fifth Amendment has been duly authorized in accordance with the power and authority of the Company and constitutes the legal, valid and binding obligation of the Company, and is enforceable against the Company in accordance with its terms subject (i) as to enforcement of remedies, to applicable bankruptcy, insolvency, reorganization, moratorium and other similar laws affecting the enforcement of creditors' rights generally, from time to time in effect, and (ii) to general principles of equity;

(d)

After giving effect to this Fifth Amendment, no event shall have occurred and be continuing which constitutes or would constitute a Default or an Event of Default under the Note Purchase Agreement or the Notes; and

(e)

M. Shapiro has the right to transfer the Third Amendment Additional Shares to the Purchasers, free and clear of any lien, mortgage, pledge, security, interest, option, right or other encumbrance or right of party, and such transfer does not require the consent of, or notice to, any third party.

4.

Conditions Precedent.  Notwithstanding any term or provision of this Fifth Amendment to the contrary, Section 1 hereof shall not become effective until:

(a)

Each of the Purchasers shall receive counterparts of this Fifth Amendment, duly executed and delivered on behalf of the Company and Mr. Jake Shapiro, individually.

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(b)

Stock powers endorsed in blank, with signature medallion guaranteed for the Pledged Shares (to the extent not previously delivered to the Purchasers) shall be delivered to the Purchasers..

(c)

The Company shall deliver to the Purchasers true, correct and complete copies of the letter of intent executed by the Company and the seller of Viansa for the purchase of Viansa by the Company and the term sheet for the Financing, as executed by the Company and the Laurus Funds.

(d)

The fees and expenses provided for in Section 5 hereof shall have been paid in full.

5.

Fees and Expenses of Purchasers.  The Company agrees, concurrently with the execution of this Fifth Amendment, to pay all reasonable fees and out-of-pocket expenses incurred by the Purchasers in connection with the preparation and negotiation of this Fifth Amendment, including, without limitation, the reasonable fees and out-of-pocket expenses of counsel to the Purchasers in the amount equal of $1,000.

6.

References to Agreements.  The term “Agreement”, “hereof”, “herein” and similar terms as used in the Note Purchase Agreement, and references in the Note Purchase Agreement and the Notes to the Note Purchase Agreement, shall mean and refer to, from and after the effective date of the amendments contained herein as determined in accordance with Section 3 hereof, the Note Purchase Agreement, as amended by this Fifth Agreement.

7.

Continued Effectiveness.  Nothing herein shall be deemed to be a waiver of any covenant or agreement contained in, or any Default or Event of Default under, the Note Purchase Agreement or any of the Notes, except as expressly provided for hereby, and each of the parties hereto agrees that, as amended by this Fifth Amendment, all of the covenants and agreements and other provisions contained in the Note Purchase Agreement and the Notes shall remain in full force and effect from and after the date of this Fifth Amendment.

8.

Counterparts.  This Fifth Amendment may be executed in two or more counterparts, each of which shall be an original, and all of which, when taken together, shall constitute a single instrument.  Delivery of an executed counterpart of a signature page to this Fifth Amendment by telecopier shall be effective as delivery of a manually executed counterpart of this Fifth Amendment.

9.

Governing Law.  This Third Amendment shall be construed in accordance with and governed by the laws of the State of New York (other than the conflicts of laws principles thereof).

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IN WITNESS WHEREOF, the parties hereto have caused this Fifth Amendment to be duly executed by their respective officers thereunto duly authorized as of the day and year first above written.

	 	360 GLOBAL WINE COMPANY

f/k/a Knightsbridge Fine Wines, Inc.

By: _____________________________________________

       Name:

       Title:

LONGVIEW FUND, LP

By: _____________________________________________

       Name:

       Title:

LONGVIEW EQUITY FUND, LP

By:_____________________________________________

   Name:

   Title:

LONGVIEW INTERNATIONAL EQUITY FUND, LP

By: _____________________________________________

   Name:

   Title:

________________________________________________

Jake Shapiro, individually

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