Document:

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                                                                   EXHIBIT 10.10
                                                                   -------------

                                PLEDGE AGREEMENT
                                ----------------

     This is a pledge agreement made as of the May 5, 2000 between Robert Burke,
an individual residing at 12 Allen Circle, Boxford, MA  01921, Massachusetts
("Pledgor") and Banyan Systems Incorporated, a Massachusetts corporation, d/b/a
ePresence, with its principal place of business located at 120 Flanders Road,
Westboro, Massachusetts, 01581 ("Pledgee").

                                  WITNESSETH:

     WHEREAS, the Pledgor has issued a secured promissory note (the "Note") of
even date herewith in the original principal amount of Ninety-Two Thousand Five
Hundred Seventy-Seven Dollars and Seventy-Eight Cents ($92,577.78) payable to
the Pledgee pursuant to its terms; and

     WHEREAS, as collateral security for the obligations of the Pledgor under
the Note, the Pledgor has agreed to pledge and grant to the Pledgee a first
priority security interest in 24,000 shares (the "Shares") of common stock of
the Pledgee that are restricted under an Executive Officer Restricted Stock
Agreement (the "Restricted Stock Agreement") between the Pledgor and the Pledgee
dated October 16, 1998, as more fully set forth herein;

     NOW THEREFORE, the parties hereto agree and acknowledge that the foregoing
recitals are true and correct and to the following:

     1.  Pledge of Collateral.  As collateral security  for the performance of
the obligations of the Pledgor under the Note (the "Obligations"), the Pledgor
hereby pledges and grants to the Pledgee a security interest in and to the
Shares held by the Pledgor, and any and all stock rights, powers and other
distributions, dividends or proceeds thereof.  In addition, any stock rights,
dividends, powers or other distributions or proceeds received by the Pledgor
shall be held in trust for and delivered to the Pledgee to be held in accordance
with the terms of this Agreement, and shall be included in the Shares described
above.

     2.  Delivery of the Shares.  The Shares have been delivered to the Pledgee
on the date hereof, together with undated stock powers executed in blank.  Upon
payment in full of the Notes, the Pledgee shall return to the Pledgor the
Shares, undated stock powers as well as such other instruments, documents, stock
certificates, money and goods as may come into Pledgee's possession from time to
time, whether through delivery by Pledgor or otherwise.

     3.  Pledgee's Rights and Duties with Respect to the Collateral.  Pledgee's
only duty with respect to the Shares shall be to exercise reasonable care to
secure the safe custody thereof all other duties being hereby expressly
disclaimed.  Pledgee shall have the right, but not the obligation, to (a)
demand, sue for, receive and collect all money or money damages payable on
account of any Shares, (b) protect, preserve or assert any other rights of
Pledgor or take any other action with respect to the Shares, and (c) pay any
taxes, liens, assessments, insurance premiums or other charges pertaining to
Shares.  Any expenses incurred by Pledgee under the preceding sentence shall be
paid by Pledgor upon demand and become part of the Obligations secured by the
Shares.  Pledgee shall be relieved of all responsibility for the Shares upon
surrendering them to Pledgor.

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     4.  Pledgor's Warranties and Indemnity.
         ----------------------------------

          4.1  Pledgor represents, warrants and covenants (a) that Pledgor is
the lawful owner of the Shares, (b) that the Shares are fully paid and
nonassessable, (c) that as of the date hereof, the Shares are free and clear of
all liens, encumbrances, and security interests, other than the security
interest granted by the Pledgor hereunder, and this pledge constitutes a valid
and perfected security interest in the Shares enforceable against the Pledgor,
(d) that the Shares are not subject to any outstanding rights of redemption or
options to purchase or sell except as set forth in the Restricted Stock
Agreement, (e) that the Pledgor has the sole right and lawful authority to
pledge the Shares and otherwise to comply with the provisions hereof, (f) no
litigation is pending or threatened against the Pledgor, which if adversely
determined, would have a material adverse effect against the Pledgor or the
Pledgee's rights in respect of the Shares, (g) that the Pledgor agrees to defend
the Pledgee's title in the Shares and the security interest therein against any
and all claims and demands, and (h) this Agreement constitutes the legal, valid
and binding obligation of the Pledgor, enforceable against the Pledgor in
accordance with its terms.

          4.2  If any adverse claim is asserted in respect of the Shares or any
portion thereof, except as such may arise from the wanton, reckless or
unauthorized acts of the Pledgee, the Pledgor agrees to indemnify the Pledgee
and hold the Pledgee harmless from and against any reasonable liabilities or
damages, and reasonable attorney's fees incurred by the Pledgee in exercising
any right, power or remedy of the Pledgee hereunder.

     5.  Voting of Collateral.  While Pledgor is not in default hereunder,
Pledgor may vote the Shares, provided that said voting shall be in conformity
with the Pledgor's performance under this Agreement and the Note.

     6.  Dividends and Other Distributions.  While Pledgor is not in default
hereunder, Pledgor may receive all cash dividends, payments of principal and
interest, and other cash distributions payable with respect to Shares, provided,
however, that Pledgor shall immediately inform Pledgee of the receipt of any
such dividend, payment or other distribution and shall hold the amount thereof
in trust for Pledgee unless and until Pledgee shall in writing release Pledgor
from such trust.  Pledgor shall cause all non-cash dividends and distributions
with respect to Shares to be distributed directly to Pledgee, to be held by
Pledgee as additional Shares, and if any such distribution is made to Pledgor he
shall receive such distribution in trust for Pledgee and shall immediately
transfer it to Pledgee.

     7.  Pledgor's Default.  Pledgor shall be in default hereunder upon the
occurrence of any of the following events ("Defaults"):

          (a) Any event of default shall occur under the Note;

          (b) If any lien, encumbrance or adverse claim of any nature whatsoever
is asserted with respect to any Shares (except pursuant to this Pledge
Agreement);

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          (c) If any warranty of Pledgor hereunder is or shall become false;

          (d) If Pledgor fails to fulfill any obligation hereunder;

          (e) If Pledgor fails to pay or perform any of the Obligations when
such payment of performance is due.

     8.  Pledgee's Rights upon Default.  Upon the occurrence of any default as
defined in Section 7 hereof, Pledgee may, if Pledgee so elects in its sole
discretion, take any one or more of the following:

          (a) at any time and from time to time sell, assign and deliver all or
any part of the Shares, or any interest therein, at any public or private sale,
for cash, on credit or for other property, for immediate or future delivery
without any assumption of credit risk, and for such price or prices and on such
terms as Pledgee in its absolute discretion may determine; provided that (i) at
least ten (10) days' notice of the time and place of any such sale shall be
given to Pledgor, and (ii) in the case of any private sale, such notice shall
also contain the terms of the proposed sale and Pledgee shall sell the Shares
proposed to be sold to any purchaser procured by Pledgor who is ready, willing
and able to purchase, and who prior to the time of such sale tenders the
purchase price of, such Shares on terms more favorable to Pledgee than the terms
contained in such notice; provided, further, the Pledgor acknowledges that the
Pledgee may be unable to effect a public sale of all or part of the Shares by
reason of certain prohibitions contained in the Securities Act of 1933, as
amended, and may be compelled to resort to one or more private sales to a
restricted group of purchasers who will be obligated to agree, among other
things, to acquire such securities for their own account, for investment, and
not with a view to the distribution or resale thereof.  The Pledgor acknowledges
that any such private sale may be at prices and on terms less favorable to the
seller than if sold at public sales and that private sales shall be deemed to be
made in a commercially reasonable manner notwithstanding that such a private
sale may result in a lower sale price;

          (b) exercise the right to vote, the right to receive cash dividends
and other distributions, and all other rights with respect to the Shares as
though Pledgee were the absolute owner thereof, whether or not such rights were
retained by Pledgor as against Pledgee before default;

          (c) transfer the Shares into the name of the Pledgee and become sole
and absolute owner thereof;

          (d) exercise all other rights available to a secured party under the
Uniform Commercial Code or other applicable law or hereunder; and

          (e) the rights and remedies available pursuant to the Agreement are
cumulative, and not exclusive of any other rights or remedies otherwise
available to the Pledgee.

     9.  Application of Sale Proceeds.  In the event of a sale of Shares, the
proceeds shall first be applied to the payment of the expenses of the sale,
including brokers' commissions, counsel fees, any taxes or other charges imposed
by law upon the Shares or the transfer thereof and all other charges paid or
incurred by Pledgee pertaining to the sale; and, second, to satisfy

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outstanding Obligations, in the order in which Pledgee elects in its sole
discretion; and, third, the surplus (if any) shall be paid to Pledgor.

     10.  Notices.  All notices made or required to be made hereunder shall be
sent by United States first class or certified or registered mail, with postage
prepaid, or delivered by hand to Pledgee or to Pledgor at the addresses first
above written.  Notice by mail shall be deemed to have been made on the date
when the notice is deposited in the mail.

     11.  Heirs, Successors, Etc. This Agreement and all of its terms and
provisions shall benefit and bind the heirs, successors, assigns, transferees,
executors and administrators of each of the parties hereto.

     12.  Pledgee's Forbearance.  Any forbearance, failure or delay by Pledgee
in exercising any right, power or remedy hereunder shall not be deemed a waiver
of such right, power or remedy.  Any single or partial exercise of any right,
power or remedy of Pledgee shall continue in full force and effect until such
right, power or remedy is specifically waived in writing by Pledgee.

     13.  Further Assurances.  The Pledgor covenants and agrees to execute and
deliver, or cause to be executed or delivered, all such other stock powers,
proxies, instruments, and documents, and will take such other action or actions
as the Pledgee may reasonably request from time to time in order to carry out
the provisions and purposes hereof.

     14.  Termination.  This Agreement and the pledge and security interest
represented hereby shall terminate upon the indefeasible payment in full of the
Note.

     15.  Miscellaneous.  (a) This Agreement or any part thereof cannot be
changed, waived, or amended except by an instrument in writing signed by
Pledgee; and waiver on one occasion shall not operate as a waiver on any other
occasion.  (b) The Uniform Commercial Code and other laws of the Commonwealth of
Massachusetts shall govern the construction and enforcement of this Agreement.
(c) If any part of this Agreement or any agreement, document, or instrument
executed in connection herewith shall be deemed invalid or unenforceable by a
court of competent jurisdiction, the remaining provisions shall remain in full
force and effect, and shall continue to be binding upon the parties.  (d) This
Agreement may be executed in one or more counterparts, each of which shall
constitute an original, but all of which, when taken together, shall constitute
one and the same instrument.

     16.  Jurisdiction.  The Pledgor irrevocably submits to the jurisdiction of
the courts of the Commonwealth of Massachusetts and the United States District
Court for the District of Massachusetts for the purpose of any suit, action or
other proceeding brought by the Lender arising out of or relating to this
Agreement, and the Pledgor waives and agrees not to assert by way of motion, as
a defense or otherwise in any such suit, action or proceeding, any claim that
the Pledgor is not personally subject to the jurisdiction of the courts of the
Commonwealth of Massachusetts or the United States District Court for the
District of Massachusetts or that the Pledgor's property is exempt or immune
from execution or attachment, either prior to judgment or in aid of execution,
that the suit, action or proceeding is brought in an inconvenient forum or

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that the venue of the suit, action or proceeding is improper, or that this
Pledge Agreement or the subject matter hereof may not be enforced in or by such
court.

THE PLEDGOR HEREBY WAIVES ANY AND ALL RIGHTS TO A TRIAL BY JURY IN ANY ACTION OR
PROCEEDING IN CONNECTION WITH ALL MATTERS CONTEMPLATED HEREBY AND DOCUMENTS
EXECUTED IN CONNECTION HEREWITH.

     EXECUTED under seal as of the date first above written.

     PLEDGOR:

     /s/ Robert Burke
     ----------------
     Robert Burke

     PLEDGEE:

     Banyan Systems Incorporated

     /s/ Richard M. Spaulding
     ------------------------
     By:  Richard M. Spaulding
     Its:  Senior Vice President & CFO

                                       5<PAGE>

                                                                    EXHIBIT 10.1

                                   AGREEMENT

     AGREEMENT made and entered into in Canton, Massachusetts, by and between
Geerlings & Wade, Inc. (the "Company") and David Pearce, of Dover, Massachusetts
(the "Executive"), effective as of the 7th day of April, 2000 (the "Effective
Date").

     WHEREAS, the operations of the Company and its Affiliates are a complex
matter requiring direction and leadership in a variety of arenas, including
financial, strategic planning, regulatory and others;

     WHEREAS, the Executive is possessed of certain experience and expertise
that qualify him to provide the direction and leadership required by the Company
and its Affiliates; and

     WHEREAS, subject to the terms and conditions hereinafter set forth, the
Company therefore wishes to employ the Executive as its President and Chief
Executive Officer and the Executive wishes to accept such employment;

     NOW, THEREFORE, in consideration of the foregoing premises and the mutual
promises, terms, provisions and conditions set forth in this Agreement, the
parties hereby agree:

     1.   Employment.  Subject to the terms and conditions set forth in this
          ----------
Agreement, the Company hereby offers and the Executive hereby accepts
employment.

     2.   Capacity and Performance.
          ------------------------

          a.   The Executive shall serve the Company as its President and Chief
Executive Officer, subject to his appointment by the Board of Directors of the
Company (the "Board") as a condition precedent to the effectiveness of this
Agreement, or in such other executive position as the Board may designate from
time to time.  In addition, and without further compensation, the Executive
shall serve as a director and/or officer of one or more of the Company's
Affiliates if so elected or appointed from time to time.

          b.   During the term hereof, the Executive shall be employed by the
Company on a full-time basis and shall perform such duties and responsibilities
on behalf of the Company and its Affiliates as may be designated from time to
time by the Board or by its designees.

          c.   During the term hereof, the Executive shall devote his full
business time and his best efforts, business judgment, skill and knowledge
exclusively to the advancement of the business and interests of the Company and
its Affiliates and to the discharge of his duties and responsibilities
hereunder.  The Executive shall not engage in any other business activity or
serve in any industry, trade, professional, governmental or academic position
during the
<PAGE>

term of this Agreement, except as may be expressly approved in advance by the
Board in writing.

     3.   Compensation and Benefits.  As compensation for all services performed
          -------------------------
by the Executive under and during the term hereof and subject to performance of
the Executive's duties and of the obligations of the Executive to the Company
and its Affiliates, pursuant to this Agreement or otherwise:

          a.   Base Salary.  During the term hereof, the Company shall pay the
               -----------
Executive a base salary at the rate of Two Hundred Thousand Dollars ($200,000)
per annum, payable in accordance with the payroll practices of the Company and
subject to adjustment from time to time by the Board, in its sole discretion.
Such base salary, as from time to time adjusted, is hereafter referred to as the
"Base Salary".

          b.   Stock Options.  The Company will grant the Executive 42,000 stock
               -------------
options for the Company's common stock, vesting in three equal increments of
14,000 on the first, second and third anniversary of the Effective Date.  The
exercise price of the options will be the closing price of the Company's common
stock on the Effective Date.  The terms and conditions of this stock option
grant are subject to, and more fully described in, the Company's stock option
plan and related plan documents.

          c.   Retention Bonus.  If the Executive is continuously employed by
               ---------------
the Company from the Effective Date through December 31, 2000, the Company shall
pay the Executive a one-time bonus of Fifty Thousand Dollars ($50,000).

          d.   Other Benefits.  During the term hereof and subject to any
               --------------
contribution therefor generally required of employees of the Company, the
Executive shall be entitled to participate in any and all employee benefit plans
from time to time in effect for employees of the Company generally.  Such
participation shall be subject to (i) the terms of the applicable plan
documents, (ii) generally applicable Company policies and (iii) the discretion
of the Board or any administrative or other committee provided for in or
contemplated by such plan.  The Company may alter, modify, add to or delete its
employee benefit plans at any time as it, in its sole judgment, determines to be
appropriate, without recourse by the Executive.

     4.   Termination By the Company for Cause.  The Company may terminate the
          ------------------------------------
Executive's employment hereunder for Cause at any time upon notice to the
Executive.  The following, as determined by the Board in its judgment, shall
constitute Cause for termination:

          i.   The Executive's material failure to perform, or gross negligence
               in the performance of, his duties and responsibilities to the
               Company or any of its Affiliates;

          ii.  Material breach by the Executive of any provision of this
               Agreement; or

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          iii. Other conduct by the Executive that is materially harmful to the
               business, interests or reputation of the Company or any of its
               Affiliates.

Upon the giving of notice of termination of the Executive's employment hereunder
for Cause, the Company shall have no further obligation or liability to the
Executive, other than for Base Salary earned and unpaid at the date of
termination.

     5.   Termination By the Company Other than for Cause.  The Company may
          -----------------------------------------------
terminate the Executive's employment hereunder other than for Cause at any time
upon notice to the Executive.  In the event of such termination, and provided
that no benefits are payable to the Executive under a separate severance
agreement or an executive severance plan as a result of such termination, then
the Executive shall receive a severance payment of Two Hundred Thousand Dollars
($200,000) for a period of twelve (12) months following the date of termination
(the "Severance Period") payable in equal monthly installments, provided,
however, that if the Executive obtains employment of any kind during the
Severance Period, the amount payable to the Executive under this Section 5 shall
be reduced by 50% of the total W-2 income received or deferred by the Executive
with respect to the Severance Period from such other employment, and provided,
further, that the amount payable to Executive under this Section 5 shall not be
reduced to less than One Hundred Thousand Dollars ($100,000).  If Executive
obtains employment during the Severance Period, he shall immediately provide the
Company in writing the name and address of his new employer, as well as his
compensation.

     6.   Termination By the Executive.  The Executive may terminate his
          ----------------------------
employment hereunder at any time upon sixty (60) days' notice to the Company,
unless such termination would violate any obligation of the Executive to the
Company under a separate severance agreement.  In the event of termination of
the Executive pursuant to this Section 6, the Board may elect to waive the
period of notice, or any portion thereof, and, if the Board so elects, the
Company will pay the Executive his Base Salary for the notice period (or for any
remaining portion of the period).

     7.   Confidential Information.
          ------------------------

          a.   The Executive acknowledges that the Company and its Affiliates
continually develop Confidential Information, that the Executive may develop
Confidential Information for the Company or its Affiliates and that the
Executive may learn of Confidential Information during the course of employment.
The Executive will comply with the policies and procedures of the Company and
its Affiliates for protecting Confidential Information and shall never disclose
to any Person (except as required by applicable law or for the proper
performance of his duties and responsibilities to the Company and its
Affiliates), or use for his own benefit or gain, any Confidential Information
obtained by the Executive incident to his employment or other association with
the Company or any of its Affiliates.  The Executive

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<PAGE>

understands that this restriction shall continue to apply after his employment
terminates, regardless of the reason for such termination.

          b.   All documents, records, tapes and other media of every kind and
description relating to the business, present or otherwise, of the Company or
its Affiliates and any copies, in whole or in part, thereof (the "Documents"),
whether or not prepared by the Executive, shall be the sole and exclusive
property of the Company and its Affiliates.  The Executive shall safeguard all
Documents and shall surrender to the Company at the time his employment
terminates, or at such earlier time or times as the Board or its designee may
specify, all Documents then in the Executive's possession or control.

     8.   Restricted Activities.  The Executive agrees that some restrictions on
          ---------------------
his activities during and after his employment are necessary to protect the
goodwill, Confidential Information and other legitimate interests of the Company
and its Affiliates.  While the Executive is employed by the Company and for
twelve (12) months after his employment terminates, the Executive shall not,
directly or indirectly, whether as owner, partner, investor, consultant, agent,
employee, co-venturer or otherwise, compete with the Company or any of its
Affiliates or undertake any planning for any business competitive with the
Company or any of its Affiliates. Specifically, but without limiting the
foregoing, the Executive agrees not to engage in any manner in any activity that
is directly or indirectly competitive or potentially competitive with the
business of the Company or any of its Affiliates as conducted or under
consideration at any time during the Executive's employment, including, without
limitation, any activity that involves the retail sale of wine or wine
accessories via the mails or the Internet.

     9.   Enforcement of Covenants.  The Executive acknowledges that he has
          ------------------------
carefully read and considered all the terms and conditions of this Agreement,
including the restraints imposed upon him pursuant to Sections 7 and 8 hereof.
The Executive agrees that said restraints are necessary for the reasonable and
proper protection of the Company and its Affiliates and that each and every one
of the restraints is reasonable in respect to subject matter, length of time and
geographic area.  The Executive further acknowledges that, were he to breach any
of the covenants contained in Sections 7 and 8 hereof, the damage to the Company
would be irreparable.  The Executive therefore agrees that the Company, in
addition to any other remedies available to it, shall be entitled to preliminary
and permanent injunctive relief against any breach or threatened breach by the
Executive of any of said covenants, without having to post bond. The parties
further agree that, in the event that any provision hereof shall be determined
by any court of competent jurisdiction to be unenforceable by reason of its
being extended over too great a time, too large a geographic area or too great a
range of activities, such provision shall be deemed to be modified to permit its
enforcement to the maximum extent permitted by law.

                                      -4-
<PAGE>

     10.  Definitions.  Words or phrases which are initially capitalized or are
          -----------
within quotation marks shall have the meanings provided in this Section 10 and
as provided elsewhere herein.  For purposes of this Agreement, the following
definitions apply:

          a.   "Affiliates" means all persons and entities directly or
indirectly controlling, controlled by or under common control with the Company,
where control may be by either management authority or equity interest.

          b.   "Confidential Information" means any and all information of the
Company and its Affiliates that is not generally known by others with whom they
compete or do business, or with whom they plan to compete or do business and any
and all information, publicly known in whole or in part or not, which, if
disclosed by the Company or its Affiliates would assist in competition against
them.  Confidential Information includes without limitation such information
relating to (i) the development, research, testing, manufacturing, marketing and
financial activities of the Company and its Affiliates, (ii) the Products, (iii)
the costs, sources of supply, financial performance and strategic plans of the
Company and its Affiliates, (iv) the identity and special needs of the customers
of the Company and its Affiliates and (v) the people and organizations with whom
the Company and its Affiliates have business relationships and those
relationships.  Confidential Information also includes comparable information
that the Company or any of its Affiliates have received belonging to others or
which was received by the Company or any of its Affiliates with any
understanding that it would not be disclosed.

          c.   "Person" means an individual, a corporation, an association, a
partnership, an estate, a trust and any other entity or organization, other than
the Company or any of its Affiliates.

     11.  Withholding.  All payments made by the Company under this Agreement
          -----------
shall be reduced by any tax or other amounts required to be withheld by the
Company under applicable law.

     12.  Assignment.  Neither the Company nor the Executive may make any
          ----------
assignment of this Agreement or any interest herein, by operation of law or
otherwise, without the prior written consent of the other; provided, however,
that the Company may assign its rights and obligations under this Agreement
without the consent of the Executive in the event that the Company shall
hereafter affect a reorganization, consolidate with, or merge into, any other
Person or transfer all or substantially all of its properties or assets to any
other Person.  This Agreement shall inure to the benefit of and be binding upon
the Company and the Executive, their respective successors, executors,
administrators, heirs and permitted assigns.

     13.  Severability.  If any portion or provision of this Agreement shall to
          ------------
any extent be declared illegal or unenforceable by a court of competent
jurisdiction, then the remainder of this Agreement, or the application of such
portion or provision in circumstances other than

                                      -5-
<PAGE>

those as to which it is so declared illegal or unenforceable, shall not be
affected thereby, and each portion and provision of this Agreement shall be
valid and enforceable to the fullest extent permitted by law.

     14.  Waiver.  No waiver of any provision hereof shall be effective unless
          ------
made in writing and signed by the waiving party.  The failure of either party to
require the performance of any term or obligation of this Agreement, or the
waiver by either party of any breach of this Agreement, shall not prevent any
subsequent enforcement of such term or obligation or be deemed a waiver of any
subsequent breach.

     15.  Entire Agreement.  This Agreement constitutes the entire agreement
          ----------------
between the parties and supersedes all prior communications, agreements and
understandings, written or oral, with respect to the terms and conditions of the
Executive's employment.

     16.  Amendment.  This Agreement may be amended or modified only by a
          ---------
written instrument signed by the Executive and by a expressly authorized
representative of the Company.

     17.  Headings.  The headings and captions in this Agreement are for
          --------
convenience only and in no way define or describe the scope or content of any
provision of this Agreement.

     18.  Counterparts.  This Agreement may be executed in two or more
          ------------
counterparts, each of which shall be an original and all of which together shall
constitute one and the same instrument.

     19.  Governing Law.  This is a Massachusetts contract and shall be
          -------------
construed and enforced under and be governed in all respects by the laws of the
Commonwealth of Massachusetts, without regard to the conflict of laws principles
thereof.

     IN WITNESS WHEREOF, this Agreement has been executed as a sealed instrument
by the Company, by its duly authorized representative, and by the Executive, as
of the date first above written.

THE EXECUTIVE:                       GEERLINGS & WADE, INC.

/s/ David R. Pearce                  By:  /s/ Huib Geerlings
--------------------------                ---------------------------------

                                     Title:  Chairman of the Board
                                             ------------------------------

                                      -6-

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