Document:

Exhibit
10.12

 

Second AMENDED
AND RESTATED EMPLOYMENT AGREEMENT

 

This
Second Amended and Restated Employment Agreement (this “Agreement”) is made and entered into effective as of
September 17, 2021 (the “Effective Date”) by and between Fresh Grapes, LLC, a Texas limited liability company (the
“Company”) and Janelle Anderson (“Employee”) (the Company and Employee referred to herein individually
as a “Party” and collectively as the “Parties”).

 

WHEREAS, the Company and Employee
are parties to that certain Employment Agreement dated effective as of August 1, 2021, as amended and restated by that certain Amended
and Restated Employment Agreement dated effective as of September 1, 2021 (as so amended and restated, the “Original Agreement”).

 

WHEREAS, The Company and Employee
now wish to amend and restate the Original Agreement in its entirety, as set forth in this Agreement.

 

WHEREAS, the Company desires
to employ or retain Employee in accordance with the terms and conditions of this Agreement; and wishes to obtain reasonable protection
against unfair solicitation of the Company’s customers and employees by Employee during and following termination of employment
and to protect itself against unfair competition and the use of its confidential business and technical information.

 

WHEREAS, Employee wishes to
provide services to the Company in exchange for compensation and is willing to grant the Company the benefits of the various covenants
contained herein.

 

Now,
Therefore, in consideration of the foregoing facts, the mutual covenants set forth herein and for other good and valuable consideration
the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

 

1. Employment.

 

(a) The
Company hereby agrees to employ Employee in the position of Chief Executive Officer, and Employee hereby accepts such employment, subject
to all of the terms and conditions of this Agreement. During the term of Employee’s employment pursuant to this Agreement, Employee
shall serve the Company faithfully and to the best of her ability and shall devote her full business and professional time, energy, knowledge,
skill and diligence to the performance of her duties; provided, however, the Parties acknowledge that Employee is not expected to work
more than thirty (30) hours per week on average. Employee shall perform such services and duties in connection with the business and affairs
of the Company as are customarily incident to Employee’s position and as may reasonably be assigned or delegated to Employee by
the Company’s Board of Managers or Board of Directors (as applicable, the “Board”). Employee shall perform such
duties under the direction of, and shall report to the Board and shall comply with the Company’s policies and procedures. Notwithstanding
the full-time nature of Employee’s employment with the Company, nothing herein shall prohibit Employee from providing consulting
services to Rabbit Hole Equity, LLC (and getting compensation by Rabbit Hole Equity, LLC for doing so) so long as the provision of such
services does not interfere with Employee’s ability to perform Employee’s duties of employment under this Agreement and such
consulting services do not constitute Restricted Activities (as defined herein).

 

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(b) The
Parties acknowledge that the Company may convert from a Texas limited liability company to a Nevada corporation under the name Fresh Vine
Wine, Inc. (or such other jurisdiction or name determined by the Board) (the “Corporation”) in connection with a proposed
initial public offering (the “IPO”) of the Company, and that this Agreement shall continue to govern Employee’s
employment with the Company during the Employment Period (as defined below) following such conversion. References herein to the “Company”
herein shall refer to the Corporation following such conversion. There is no assurance that such conversion and the IPO will occur.

 

2. Term
of Employment. The Company and Employee agree that this Agreement, and Employee’s employment with the Company hereunder, is
for an indefinite term and will continue until terminated pursuant to Section 5 (the “Employment Period”). Nothing
in this Agreement modifies or is intended to modify the at-will employment relationship between Employee and the Company. Only a written
agreement signed by Employee and a manager or officer on behalf of the Company may modify the at-will employment relationship between
the Company and Employee.

 

3. Salary
and Benefits.

 

(a) Salary.
Commencing as of the Effective Date, the Company will pay Employee an annualized base salary (the “Salary”) of Three
Hundred Thousand Dollars ($300,000) (gross), less applicable income taxes and other legally required withholding and any legally permitted
deductions that Employee voluntarily authorizes in writing. The Salary shall be payable in installments in accordance with the Company’s
regular payroll practices, commencing on the Effective Date. The Company will review Employee’s Salary no less than annually and
may, in its sole discretion, adjust the Salary upon such review; provided, however, that the Company may not reduce Employee’s Salary
during the Employment Period to less than the then applicable amount of the Salary in effect.

 

(b) Performance
Bonus. Contingent upon the Company consummating the IPO, during the period from the Effective Date through December 31, 2021, and
during each calendar year thereafter during the Employment Period (each a “performance period”), Employee will be eligible
to receive a One Hundred Thousand Dollar ($100,000) incentive cash bonus (each a “Bonus”), which would be in addition to Salary,
each time that the number of points of distribution to which the Company sells its wine is increased by One Hundred (100) over the number
of points of distribution to which the Company sells its wine at the commencement of the applicable performance period, up to a maximum
of Four Hundred Thousand Dollars per performance period. For such purposes, “points of distribution” include on-premise outlets
(e.g., bars, restaurants, arenas and similar venues) and off-premise outlets (e.g., grocery, liquor and convenient stores and similar
outlets). The Bonus will be paid on the next regular payroll date following the later of the initial closing date of the IPO or the date
on which the applicable Bonus is earned. At the sole discretion of the Board, Employee may receive additional bonuses (each, a “Discretionary
Bonus”) based upon her performance on behalf of the Company and/or the Company’s performance. Discretionary Bonus, if
any, shall be payable either as a lump-sum payment or in installments, in such amounts, in such manner and at such times as may be determined
by the Board in its sole discretion.

 

(c) Equity-Based
Compensation and Awards.

 

(i) On
August 1, 2021 (the initial effective date of the Original Agreement (the “Original Effective Date”), the Company issued
to Employee Class F Units representing a 0.75% membership interest in the Company (calculated as of the Original Effective Date) and recorded
the issuance of such Class F Units to Employee in its books and records; provided, however, that the issuance of such Class F Units to
Employee and Employee’s admission as a Class F Member of the Company was conditioned upon Employee’s execution and delivery
of the Company’s Limited Liability Company Agreement dated as of March 2021 (or a written joinder thereto).

 

(ii) Contingent
upon the Company consummating the IPO, Employee will be entitled to receive additional equity-based compensation awards (the “Milestone
Awards”) conditioned upon the Company achieving the following milestone events, provided that Employee remains employed by the
Company on the date on which the applicable milestone event is achieved:

 

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(A) The
Company will grant to Employee common stock of the Company representing a 0.3725% equity interest in the Company, calculated as of the
Original Effective Date (and not as of the date of grant), upon the Company achieving a Market Capitalization of at least Two Hundred
Twenty-five Million Dollars ($225,000,000); and

 

(B) The
Company will grant to Employee common stock of the Company representing an additional 0.3725% equity interest in the Company, calculated
as of the Original Effective Date (and not as of the date of grant), upon the later to occur of (i) the Company achieving a Market Capitalization
of at least Three Hundred Million Dollars ($300,000,000), and (ii) the Company’s completion of a secondary underwritten public offering
of its common stock pursuant to an effective registration statement under the Securities Act of 1933, as amended.

 

If earned, the Milestone Awards
will be granted under an equity incentive plan to be adopted by the Company in connection with the IPO upon its conversion to a corporation
(the “Equity Incentive Plan”).

 

(iii) On
the initial closing date of the IPO, and subject to Employee remaining employed by the Company on such date, the Company will grant Employee
a stock option (“Stock Option”) to purchase a number of shares of common stock of the Company equal to 3.5% of the
Company’s outstanding common stock, calculated as of the closing date of the IPO and after giving effect to the Company’s
sale and issuance of shares of common stock in the IPO. The Stock Option will have an exercise price equal to the public offering price
in the IPO and will be subject to both time-based vesting over three years and performance-based vesting based on five (5) declared goals
linked to stock price to be determined by the Board (or a compensation committee thereof) in its discretion on or prior to the grant date.
One-third of the option shares that are subject to time-based vesting will vest on each of the six-month, 24 month and 36 month anniversaries
of the grant date. The Stock Option will be governed by the Equity Incentive Plan and a stock option agreement that will incorporate the
Stock Option related provisions contained in this subsection, which agreement shall be entered into by Employee as a condition to the
grant.

 

(d) Employee
Benefits. Employee shall be entitled to the usual and customary benefits and perquisites which the Company generally provides to its
full-time employees under its applicable plans and policies. Employee shall accrue standard paid vacation during the Employment Period
in accordance with the Company’s policies in effect from time to time.

 

(e) Expenses.
The Company shall reimburse Employee for the reasonable and necessary expenses incurred in connection with the performance of her duties
in accordance with the written policies and procedures of the Company governing such expenses, upon presentation of appropriate vouchers
for said expenses.

 

(f) Withholding.
The Company shall withhold all applicable federal, state and local taxes and social security and such other amounts as may be required
by law from all amounts payable to Employee under this Agreement.

 

4. Representations
and Warranties by Employee. Employee hereby represents and warrants to the Company that neither the execution or delivery of this
Agreement nor the performance by Employee of Employee’s duties and other obligations hereunder violate or will violate any statute,
law, determination or award, or conflict with or constitute a default or breach of any covenant or obligation under (whether immediately,
upon the giving of notice or lapse of time or both) any prior employment agreement, contract, or other instrument to which Employee is
a party or by which Employee is bound.

 

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5. Termination of Employment. 

 

(a) Employee
and the Company agree that Employee’s employment is at-will and that either Employee or the Company may terminate Employee’s
employment, at any time, with or without any cause, with no prior notice. In the event of any termination of Employee’s employment,
the Company shall pay Employee (i) any unpaid Salary accrued prior to the termination on the Company’s next regular payroll date,
and (ii) any unpaid Bonus amounts or Discretionary Bonus earned prior to the termination. The Company shall also reimburse Employee in
accordance with and subject to the requirements of the Company’s expense reimbursement practices for any reasonable and necessary
business expenses incurred by Employee on behalf of the Company on or before the date on which her employment terminates, and reported
and properly documented on expense reports.

 

(b) Notwithstanding
the at-will employment relationship, if (i) Employee’s employment under this Agreement is terminated by the Company for a reason
other than (A) for “Cause” (as defined below), or (B) as a result of Employee’s death or “disability”
(as defined below), or (ii) Employee voluntarily terminates her employment with the Company for “Good Reason” (as defined
below), then, subject to Employee continuing to fulfill her obligations hereunder that survive such termination, or under any other confidentiality,
non-solicitation and/or non-competition agreement with the Company to which Employee is or may become a party, Employee shall be entitled
to receive continued Salary payments specified in Section 3(a) for up to six (6) months following termination of employment (the “Severance
Payments”). If Employee is eligible for and elects to continue group health coverage under the Consolidated Omnibus Budget Reconciliation
Act of 1985 (“COBRA”), Employee may do so at Employee’s expense. In order to resign for Good Reason, (i) Employee
shall give the Company a written notice providing reasonable notice and detail of the alleged Good Reason within sixty (60) days following
the initial existence of the condition that constitutes the alleged Good Reason, (ii) the Company shall have thirty (30) days following
such notice to cure such Good Reason, and (iii) such resignation actually occurs within two (2) years following the initial existence
of the condition that constitutes Good Reason.

 

(c) Unless
the agreement governing the grant of an equity award specifically provides otherwise, if (i) Employee’s employment under this Agreement
is terminated by the Company (or its successor) for a reason other than (A) for Cause, or (B) as a result of Employee’s death or
“disability”, or (ii) Employee voluntarily terminates her employment with the Company for Good Reason, in either case (y)
within twelve (12) months following the occurrence of a Change in Control (as defined below) or (z) within ninety (90) days prior to a
Change in Control, then in addition to the severance benefits provided under Section 5(b) above, upon the occurrence of the Change in
Control (x) the restrictions on any and all shares of restricted stock awards shall lapse immediately, (y) any and all outstanding unvested
stock options, stock appreciation rights and other equity based awards granted to Employee under any Company equity incentive plan that
are subject to vesting requirements shall immediately become exercisable in full, and (z) any and all outstanding performance units and
other outstanding performance-based equity incentives shall be deemed earned at 100% of the target level thereof. For avoidance of doubt,
if Employee’s employment under this Agreement is terminated by the Company (or its successor) for a reason other than for Cause,
or Employee voluntarily terminates her employment with the Company for Good Reason, in either case within ninety (90) days prior to a
Change in Control, the portion of Employee’s then-outstanding and unvested equity awards that is eligible to vest and become exercisable
pursuant to this Section 5(c) will remain outstanding until ninety (90) days following the date of termination or the occurrence of a
Change in Control, whichever is sooner, so that any additional benefits due pursuant to this Section 5(c) may be provided if a Change
in Control occurs ninety (90) days following the date of termination; provided that in no event will any of Employee’s stock options
remain outstanding beyond the date on which the original term thereof expires (without regard to the termination of Employee’s employment).
For purposes of this Agreement, “Change in Control” means (i) the acquisition, directly or indirectly, following the
date hereof by any person (as such term is defined in Section 13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended),
in one transaction or a series of related transactions, of securities of the Company representing in excess of fifty percent (50%) or
more of the combined voting power of the Company’s then outstanding securities if such person (or his, her or its affiliate(s))
does not own in excess of 50% of such voting power on the date of this Agreement, or (ii) the future disposition by the Company (whether
direct or indirect, by sale of assets or stock, merger, consolidation or otherwise) of all or substantially all of its assets in one transaction
or series of related transactions (in each case other than (i) a merger effected exclusively for the purpose of changing the domicile
of the Company, (ii) financing activities in the ordinary course in which the Company sells its equity securities, or (iii) a transfer
to a person or entity that, immediately after the transfer, is or is controlled by a person or entity that controlled the Company before
the transfer, within the meaning of Section 1.409A-3(i)(5)(vii)(B) of the Treasury regulations promulgated under Section 409A (as hereinafter
defined).

 

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(d) Notwithstanding
the foregoing, Employee will only be entitled to the Severance Payments if (i) Employee has executed and delivered to the Company, within
thirty (30) days after the effective date of termination, a written general release, in a form acceptable to the Company (the “Release”),
pursuant to which Employee releases the Company, to the maximum extent permitted by law, from any and all claims she may have against
the Company that relate to or arise out of Employee’s employment or termination of employment, except for claims arising under the
Release, and (ii) does not rescind or revoke such Release within any applicable rescission or revocation period. Employee shall forfeit
all rights to the Severance Payments unless such Release is timely signed and delivered within the thirty (30) period set forth above,
or if Employee rescinds or revokes the Release (or any portion thereof) within any applicable rescission or revocation period.

 

(e) The
Severance Payments shall begin to be paid to Employee on the first payroll date after the expiration of the rescission period applicable
to the Release (the expiration of such period being referred to as the “Severance Effectiveness Date”); provided,
however, that if the period between the effective date of Employee’s termination and the latest possible Severance Effectiveness
Date (which assumes that Employee executes and delivers the Release to the Company on the 30th day after the effective date of such termination)
spans parts of two calendar years, the Severance Payments shall not commence in the earlier of those years. Any Severance Payments that
would otherwise have been payable in respect of periods prior to the first payroll date after the Severance Effectiveness Date will be
delayed until the Company’s first regular payroll date after the Severance Effectiveness Date and included with the installment
payable on such payroll date.

 

(f) For
purposes of this Agreement, the following events will constitute “Cause”:

 

(i) Employee’s
conviction or plea relative to a crime that constitutes a felony (whether or not such conviction is pending appeal);

 

(ii) Employee’s
fraudulent conduct or misappropriation by Employee against the Company (including without limitation theft or embezzlement of Company
property) or other dishonest act with respect to the Company or its affairs;

 

(iii) Employee’s
habitual intoxication, drug use or chemical substance abuse by any intoxicating or chemical substance, which intoxication, use or abuse
adversely affects her ability to perform her duties of employment;

 

(iv) Any
act or omission by Employee which is injurious in any material respect to the financial condition or business reputation of the Company
and which resulted from Employee’s inexcusable misconduct or inexcusable neglect, provided that Employee has been given ten (10)
days’ prior written notice identifying such alleged act or omission and the resulting injury, and, if such injury is capable of
being cured, Employee fails to cure such failure within ten (10) days after receipt of such written notice;

 

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(v) Employee’s
breach of any confidentiality, non-solicitation and/or non-competition agreement with the Company to which Employee is a party;

 

(vi) Employee’s
violation of a written Company policy that adversely effects the Company in any material respect, provided that Employee has been given
ten (10) days’ prior written notice identifying such violation and the resulting adverse effect, and, if such adverse effect is
capable of being cured, Employee fails to cure such adverse effect within ten (10) days after receipt of such written notice; or

 

(vii) Employee’s
continued, repeated or willful failure to perform her employment duties or comply with reasonable written directives from Company management,
provided that Employee has been given ten (10) days’ prior written notice specifying the event(s) giving rise to such failure, and,
if such failure is capable of being cured, Employee fails to cure such failure within ten (10) days after receipt of such written notice.

 

(g) For
purposes of this Agreement, “Good Reason” means:

 

(i) a
breach of this Agreement by the Company which breach, where curable, has not been cured within thirty (30) days after written notice to
the Company setting forth the particulars of such alleged breach;

 

(ii) a
reduction in Employee’s Salary below the applicable amount set forth in Section 3(a) in violation of such Section; or

 

(iii) assignment
to Employee of duties inconsistent with Employee’s position, or a diminution in Employee’s authority, responsibility, status,
title, or offices; provided, however, that no act shall constitute Good Reason unless Employee has provided notice of such
Good Reason to the Company pursuant to Section 5(b)(ii) below within sixty (60) days following the initial existence of the condition
that constitutes Good Reason.

 

(h) For
purposes of this Agreement, “disability” means a determination by the Board that Employee is unable to perform the
essential functions of her employment under this Agreement due to illness, injury, or other condition of a physical or psychological nature,
with or without a reasonable accommodation for a period aggregating to 90 days in any 12-month period. Such determination shall be made
in good faith by the Board, the decision of which shall be conclusive and binding. For clarity, the essential function of Employee’s
employment specifically include, but are not limited to, Employee’s consistent performance of her obligations under Section 1 of
this Agreement.

 

(i) Section
280G. If any payment or benefit that Employee may receive following a change of control of the Company, Employee’s termination
of employment, or otherwise, whether or not payable or provided under this Agreement (“Payment”) would (i) constitute
a “parachute payment” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended, and the regulations
and guidance thereunder (the “Code”), and (ii) but for this sentence, be subject to the excise tax imposed by Section
4999 of the Code (the “Excise Tax”), then such Payment shall be reduced to the Reduced Amount. The “Reduced
Amount” shall be either (A) the largest portion of the Payment that would result in no portion of the Payment being subject
to the Excise Tax or (B) the largest portion, up to and including the total amount, of the Payment, whichever of the amounts determined
under (A) and (B), after taking into account all applicable federal, state and local employment taxes, income taxes, and the Excise Tax
(all computed at the highest applicable marginal rate), results in Employee’s receipt, on an after-tax basis, of the greater amount
of the Payment notwithstanding that all or some portion of the Payment may be subject to the Excise Tax. If a reduction in payments or
benefits constituting “parachute payments” is necessary so that the Payment equals the Reduced Amount, reduction shall occur
in the following order: reduction of cash payments; cancellation of accelerated vesting of outstanding equity awards; and reduction of
employee benefits. In the event that acceleration of vesting of outstanding equity awards is to be reduced, such acceleration of vesting
shall be undertaken in the reverse order of the date of grant of Employee’s outstanding equity awards. All calculations and determinations
made pursuant this Section 5(i) will be made by an independent accounting or consulting firm or independent tax counsel appointed by the
Company (the “Tax Counsel”) whose determinations shall be conclusive and binding on the Company and Employee for all
purposes. For purposes of making the calculations and determinations required by this Section 5(i), the Tax Counsel may rely on reasonable,
good faith assumptions and approximations concerning the application of Section 280G of the Code and Section 4999 of the Code.

 

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6. Confidential
Information.

 

(a) During
the course of Employee’s employment with the Company, Employee has learned and will continue to learn of Confidential Information
(as defined below), and has developed and will continue to develop Confidential Information on behalf of the Company and its Affiliates.
Employee agrees that she will not use or disclose to any third party (except as required by applicable law or for the proper performance
of Employee’s regular duties and responsibilities for the Company) any Confidential Information obtained by Employee incident to
her employment or any other association with the Company or any of its affiliates. Employee agrees that this restriction will continue
to apply after Employee’s employment terminates, regardless of the reason for such termination. For the avoidance of doubt, (i)
nothing contained in this Agreement limits, restricts or in any other way affects Employee’s communicating with any governmental
agency or entity, or communicating with any official or staff person of a governmental agency or entity, concerning matters relevant to
such governmental agency or entity and (ii) Employee will not be held criminally or civilly liable under any federal or state trade secret
law for disclosing a trade secret (y) in confidence to a federal, state, or local government official, either directly or indirectly,
or to an attorney, solely for the purpose of reporting or investigating a suspected violation of law, or (z) in a complaint or other document
filed under seal in a lawsuit or other proceeding; provided, however, that notwithstanding this immunity from liability,
Employee may be held liable if she unlawfully accesses trade secrets by unauthorized means.

 

(b) All
documents, records and files, in any media of whatever 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 Employee,
shall be the sole and exclusive property of the Company. Employee agrees to safeguard all Documents and to surrender to the Company, at
the time Employee’s employment terminates or at such earlier time or times as the Board or its designee may specify, all Documents
then in Employee’s possession or control. Employee also agrees to disclose to the Company, at the time Employee’s employment
terminates or at such earlier time or times as the Board or its designee may specify, all passwords necessary or desirable to obtain access
to, or that would assist in obtaining access to, any information which Employee has password-protected on any computer equipment, network
or system of the Company or its affiliates.

 

(c) For
purposes of this Agreement, “Confidential Information” means any and all information of the Company and its affiliates
that is not generally available to the public. Confidential Information also includes any information received by the Company or its affiliates
from any third party with any understanding, express or implied, that it will not be disclosed. Confidential Information does not include
information that enters the public domain, other than through the Employee’s breach of her obligations under this Agreement or any
other agreement between Employee and the Company or its affiliates.

 

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7. Restricted
Activities.

 

(a) While
employed by the Company and for a period of one (1) year from and after the date on which Employee’s employment with the Company
is terminated for any reason (the “Restricted Period”), unless Employee receives the Company’s prior written
approval, Employee will not, directly or indirectly, whether for her own benefit or that of any other individual, partnership, firm, corporation,
or other business organization, engage in any of the following actions (the “Restricted Activities”):

 

(i) induce,
solicit, or attempt to induce or solicit any customer, supplier or other business relation of the Company to (i) cease doing business
with the Company, or (ii) do business with any competitor of the Company;

 

(ii) interfere
with the relationship of the Company with any person who is employed by or otherwise engaged to perform services for the Company (including,
but not limited to, any consultant or independent sales representatives or organizations), whether for Employee’s own account or
for the account of any other individual(s) or entity; or

 

(iii) engage,
own, have an interest, or participate in the financing, operation, management or control of any individual, partnership, firm, corporation,
or other business organization whose primary business is the development, production, marketing and/or sale (whether through wholesale,
direct-to-consumer or other channels) of wine varietals and brands that are primarily marketed to consumers as embodying a connection
to health, wellness and/or an active lifestyle, including without limitation varietals that are marketed as low-calorie, low-carb, and/or
low-sugar and that may meet the requirements of gluten-free, vegan and other diets, other than as a passive stockholder with less than
three percent (3%) of the outstanding common stock of a publicly traded company.

 

The foregoing covenant shall
cover Employee’s activities in the United States and in any other country or U.S. territory in which the Company does business during
the Employment Term.

 

If Employee violates any of
the restrictive covenants in this Section 7, the Restricted Period shall be extended for an additional period equal to the duration of
the period of such violation.

 

(b) Employee
agrees not to make negative comments or otherwise disparage the Company or its affiliates or its or their officers, directors, employees,
shareholders, agents or products. The foregoing shall not be violated by truthful statements in response to legal process, required governmental
testimony or filings, or administrative or arbitral proceedings (including depositions in connection with such proceedings).

 

8. Intellectual
Property.

 

(a) Employee
shall promptly and fully disclose all Intellectual Property to the Company. Employee hereby assigns and agrees to assign to the Company
(or as otherwise directed by the Company) her full right, title and interest in and to all Intellectual Property. Employee agrees to execute
any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including
without limitation the execution and delivery of instruments of further assurance or confirmation) requested by the Company to assign
the Intellectual Property to the Company (or as otherwise directed by the Company) and to permit the Company to enforce any patents, copyrights
or other proprietary rights to the Intellectual Property. Employee will not charge the Company or any of its affiliates for time spent
in complying with these obligations. All copyrightable works that Employee creates during her employment shall be considered “work
made for hire” and shall, upon creation, be owned exclusively by the Company.

 

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(b) For
purposes of this Agreement, “Intellectual Property” means inventions, discoveries, developments, methods, processes,
compositions, works, concepts and ideas (whether or not patentable or copyrightable or constituting trade secrets) conceived, made, created,
developed or reduced to practice by Employee (whether alone or with others, whether or not during normal business hours or on or off the
premises of the Company or any of its affiliates) during the Employee’s employment that relate either to the business of the Company
or its affiliates or to any prospective activity of the Company or its affiliates or that result from any work performed by Employee for
the Company or its affiliates or that make use of Confidential Information or any of the equipment or facilities of the Company or its
affiliates.

 

(c) Notwithstanding
the foregoing, and pursuant to Minn. Stat. Section 181.78, the Company hereby notifies Employee that Intellectual Property does not include
an invention for which no equipment, supplies, facility or trade secret information of the Company was used and which was developed entirely
on Employee’s own time, and (a) which does not relate (i) directly to the business of the Company or (ii) to the Company’s
actual or demonstrably anticipated research or development, or (b) which does not result from any work performed by Employee for the Company.

 

9. Recoupment.
Employee agrees to reimburse the Company for all or a portion, as determined below, of any bonus or incentive or equity-based compensation
paid, awarded or vested to Employee by the Company (an “Award”), if the Board determines that (a) the payment, award
or vesting was predicated upon the achievement of certain financial results that were subsequently the subject of a material financial
restatement, (b) Employee engaged in fraud or misconduct that caused, in whole or in part, the need for the material financial restatement,
and (c) a lower payment, award or vesting would have occurred based upon the restated financial results. In such event, Employee agrees
to reimburse (in the manner determined by the Board, including cancellation of options or other stock awards) any Award previously paid,
awarded or vested in the amount by which such Award exceeds the lower Award that would have occurred based upon the restated financial
result; provided that no reimbursement shall be required if the payment, award or vesting otherwise subject to reimbursement hereunder
occurred more than three (3) years prior to the date the applicable reinstatement is disclosed. In addition, any Award or other compensation,
payable to Employee pursuant to this Agreement or any other agreement, plan or arrangement of the Company shall be subject to repayment
or recoupment (clawback) by the Company to the extent applicable under Section 304 of the Sarbanes-Oxley Act of 2002 (and not otherwise
exempted) and in accordance with such policies and procedures as the Board or a committee thereof) may adopt from time to time, including
to implement applicable law (including Section 954 of the Dodd-Frank Act of 2010), stock market or exchange rules and regulations or accounting
or tax rules and regulations.

 

10. Miscellaneous.

 

(a) Amendment.
This Agreement may be amended only in a writing signed by both Parties.

 

(b) Entire
Agreement. With the exception of any confidentiality, non-solicitation, non-competition and/or proprietary rights agreement with the
Company to which Employee is or may become a party, this Agreement sets forth the parties’ final and entire agreement with respect
to their respective subject matters and supersedes any and all prior understandings and agreements, including without limitation the Original
Agreement.

 

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(c) Binding
Agreement. This Agreement shall be binding upon Employee and the Company and their respective successors, assigns, heirs, executors
and beneficiaries; provided, however, that Employee acknowledges that her services are unique and personal and, accordingly,
understands and agrees that she shall not be entitled to assign her rights or delegate her duties under this Agreement.

 

(d) Rules
of Construction. The headings of Sections in this Agreement are provided for convenience only and will not affect its construction
or interpretation. All references to “Section” or “Sections” refer to the corresponding Section or Sections of
this Agreement. All words used in this Agreement will be construed to be of such gender or number as the circumstances require. Unless
otherwise expressly provided, the word “including” does not limit the preceding words or terms.

 

(e) Notices.
Any notice provided for in this Agreement must be in writing and must be either personally delivered or sent by reputable overnight courier
service (charges prepaid), or sent by registered or certified U.S. Mail (postage prepaid), or delivered by email, to the recipient at
the address below indicated:

 

	 	If to the Company, to:	Fresh Grapes, LLC	 
	 	 	505 Hwy 169, Ste. 255	 
	 	 	Plymouth, MN 55441	 
	 	 	Email: damian@freshvinewine.com	 
	 	 	Attention: Damian Novak	 
	 	 	 	 
	 	If to Employee, to:	Janelle Anderson	 
	 	 	 	 
	 	 	 	 
	 	 	Email:	                                   	 

 

or such other address or to the attention of such
other person as the recipient Party will have specified by prior written notice to the sending Party. Any notice under this Agreement
will be deemed to have been given upon the earlier of (a) actual receipt, or (b)(i) one business day after the business day of deposit
with a nationally recognized overnight courier service for next day delivery, freight prepaid, or (ii) three business days after deposit
with the United States Post Office for delivery by registered or certified mail, postage prepaid.

 

(f) Waiver
of Breach. Any waiver by either Party of compliance with any provision of this Agreement by the other Party shall not operate or be
construed as a waiver of any other provision of this Agreement, or of any subsequent breach by such Party of a provision of this Agreement.

 

(g) Section
409A. The intent of the Parties is that payments and benefits under the Agreement comply with or be exempt from Section 409A of the
Code (“Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be
in compliance therewith or exempt therefrom. For purposes of Section 409A, the phrase “termination of employment” (or other
words to that effect), as used in this Agreement, shall be interpreted to mean “separation from service” as defined under
Section 409A. To the maximum extent permitted under Section 409A, the cash severance and other benefits payable under this Agreement are
intended to meet the requirements of the short-term deferral exemption under Section 409A and the “separation pay exception”
under Treas. Reg. §1.409A-1(b)(9)(iii). For purposes of the application of Treas. Reg. § 1.409A-l(b)(4)(or any successor provision),
each payment in a series of payments to Employee will be deemed a separate payment. To the extent any cash payment or continuing benefit
payable upon Employee’s termination of employment is nonqualified deferred compensation subject to Section 409A, then, only to the
extent required by Section 409A, such payment or continuing benefit shall not commence until the date which is six (6) months after the
date of separation from service, and any previously scheduled payments shall be made in a lump sum (without interest) on that date. Notwithstanding
the foregoing, the Company makes no representations that the payments and benefits provided under this Agreement comply with Section 409A
and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred
by Employee on account of non-compliance with Section 409A.

 

    10

     

    

 

(h) Further
Assurances. Each Party shall, without further consideration, execute such additional documents as may be reasonably required in order
to carry out the purpose and intent of this Agreement.

 

(i) Severability.
If any one or more of the provisions (or portions thereof) of this Agreement shall for any reason be held by a final determination of
a court of competent jurisdiction to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality or unenforceability
shall not affect any other provisions (or portions of the provisions) of this Agreement, and the invalid, illegal or unenforceable provisions
shall be deemed replaced by a provision that is valid, legal and enforceable and that comes closest to expressing the intention of the
parties hereto.

 

(j) Choice
of Law and Venue. The Company and Employee entered into this Agreement in the State of Minnesota. This Agreement shall be construed,
enforced, and interpreted in accordance with and governed by the laws of the State of Minnesota, exclusive of its conflict of law provisions.
With respect to any controversy or claim arising out of this Agreement, the Company and Employee consent to the exclusive venue and jurisdiction
in the District Court of Hennepin County, State of Minnesota and to service of process under Minnesota law in any action arising from
the construction, interpretation, or enforcement of this Agreement.

 

(k) Survival
of Provisions. Notwithstanding any other provision of this Agreement, the Parties’ respective rights and obligations under Sections
6, 7, 8 and 9 hereof, and any confidentiality, non-solicitation, non-competition and/or proprietary rights agreements with the Company
to which Employee is or may become a party, will survive any termination or expiration of this Agreement or the termination of Employee’s
employment for any reason whatsoever.

 

(l) Remedies.
Employee acknowledges that a violation of Section 6, 7 and/or 8 of this Agreement may cause irreparable harm to the Company, and that
a remedy at law for any such violation would be inadequate. Thus, in addition to any other relief afforded by law, including damages sustained
by a breach of this Agreement, and without any necessity of proof of actual damage, the Company will have the right to enforce Sections
6, 7 and 8 of this Agreement by specific enforcement, which will include, among other things, temporary and permanent injunctions to stop
or prevent the breach, threatened breach, or anticipated breach of this Agreement, it being the understanding of the parties that both
damages and injunctions will be proper modes of relief and are not to be considered as alternative remedies. All current and future subsidiaries
and other affiliates of the Company are intended third party beneficiaries of the Company’s rights under this Agreement. The Company
will also be entitled to recover from Employee its attorney’s fees and costs in any action for breach, anticipated breach, or threatened
breach of this Agreement in which the Company substantially prevails.

 

(m) Employment
Not Guaranteed. Neither this Agreement nor any action taken hereunder shall be deemed to give Employee the right to be retained as
an employee of the Company except as otherwise expressly provided in this Agreement.

 

(n) Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which shall constitute
but one and the same agreement.

 

Signature page follows.

 

    11

     

    

 

In
Witness Whereof, the parties have executed this Second Amended and Restated Employment Agreement effective as of the Effective
Date written above.

 

	 	THE COMPANY:
	 	 
	 	FRESH GRAPES, LLC
	 	 	 
	 	By:	/s/ Damian Novak 
	 	 	Damian Novak, Chairman 
	 	 	 
	 	EMPLOYEE:
	 	 
	 	/s/ Janelle Anderson 
	 	Janelle Anderson

 

 

12Exhibit
10.13

 

FRESH
VINE WINE 

 

INDEMNIFICATION
AGREEMENT

 

This
Indemnification Agreement (“Agreement”) is effective as of [          ],
by and between Fresh Vine Wine, Inc., a Nevada corporation (“Company”), and [          ]
(“Indemnitee”).

 

WHEREAS,
highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers or in other capacities
unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and
actions against them arising out of their service to and activities on behalf of the corporation;

 

WHEREAS,
to induce Indemnitee to serve or continue to serve as a director or officer of the Company, the Company has determined to grant to Indemnitee,
as permitted by Sections 78.7502 and 78.751 of the Nevada Revised Statutes (“NRS”), rights to indemnification and
advancement of expenses, to the maximum extent permitted by law, as provided herein, whether or not expressly provided in the Articles
of Incorporation as now in effect and as may be amended and/or restated from time to time (“Articles of Incorporation”)
or the Bylaws of the Company as now in effect and as may be amended and/or restated from time to time (“Bylaws”);
and

 

WHEREAS,
it is reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify, and to advance expenses on behalf
of, Indemnitee to the fullest extent permitted by applicable law so that Indemnitee will serve or continue to serve the Company free
from undue concern that he or she will not be so indemnified.

 

NOW,
THEREFORE, in consideration of the foregoing and Indemnitee’s agreement to provide, or continue to provide, services to the Company,
the Company and Indemnitee hereby agree as set forth below.

 

1.
Certain Definitions

 

(a)
“Board” shall mean the Board of Directors of the Company.

 

(b)
“Change in Control” shall mean: (i) any “person” (as such term is used in Sections 13(d) and 14(d) of
the Exchange Act), other than a subsidiary of the Company or a trustee or other fiduciary holding securities under an employee
benefit plan of the Company or a subsidiary of the Company, is or becomes the “Beneficial Owner” (as defined in
Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 50% or more of the total
voting power represented by the Company’s then outstanding capital stock; (ii) during any period of two consecutive years,
individuals who at the beginning of such period constitute the Board and any new director whose election by the Board or nomination
for election by the Company’s stockholders was approved by a vote of at least two-thirds (2/3) of the directors then still in
office who either were directors at the beginning of the period or whose election or nomination for election was previously so
approved, cease for any reason to constitute a majority of the Board; or (iii) the stockholders of the Company approve a merger or
consolidation of the Company with any other corporation, other than a merger or consolidation that would result in the outstanding
capital stock of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by
being converted into capital stock of the surviving entity) more than 50% of the total voting power represented by the capital stock
of the Company or such surviving entity outstanding immediately after such merger or consolidation, or the stockholders of the
Company approve a plan of complete liquidation of the Company.

 

(c)
“Claim” shall be broadly construed to mean, without limitation, any threatened, pending or completed action, lawsuit,
arbitration, or alternative dispute resolution process or mechanism, or any hearing, inquiry, investigation, or any other actual, threatened
or completed proceeding, whether brought by or in the right of the Company or otherwise, and whether civil, criminal, administrative,
or investigative, whether formal or informal, including a proceeding initiated by the Indemnitee pursuant to this Agreement to enforce
Indemnitee’s rights hereunder, or that Indemnitee in good faith believes might lead to the institution of any of the foregoing.

 

     

     

    

 

(d)
References to the “Company” shall include, in addition to the Company, any constituent corporation (including any
constituent of a constituent) absorbed in a consolidation or merger to which the Company (or any of its wholly owned subsidiaries) is
a party which, if its separate existence had continued, would have had power and authority to indemnify its directors, officers, employees,
agents or fiduciaries, so that if Indemnitee is or was a director, officer, employee, agent or fiduciary of such constituent corporation,
or is or was serving at the request of such constituent corporation as a director, officer, employee, agent or fiduciary of another corporation,
partnership, joint venture, employee benefit plan, trust or other enterprise, Indemnitee shall stand in the same position under the provisions
of this Agreement with respect to the resulting or surviving corporation as Indemnitee would have with respect to such constituent corporation
if its separate existence had continued.

 

(e)
“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.

 

(f)
“Expenses” shall be construed broadly to mean any and all direct and indirect fees and expenses of any type or nature
whatsoever (including, but not limited to, attorneys’ fees and all other costs, expenses and obligations) incurred in connection
with investigating, defending, being a witness in or participating in (including on appeal), or preparing to defend, to be a witness
in or to participate in, any Claim.

 

(g)
“Expense Advance” shall mean an advance payment of Expenses to Indemnitee pursuant to Section 3(a) hereof.

 

(h)
“Indemnifiable Event” shall mean any event or occurrence related to the fact that Indemnitee is or was a director,
officer, employee, agent or fiduciary of the Company, or any subsidiary of the Company, or is or was serving at the request of the Company
as a director, officer, employee, agent or fiduciary of another corporation, partnership, joint venture, trust or other enterprise, or
by reason of any action or inaction on the part of Indemnitee while serving in such capacity.

 

(i)
“Independent Directors” shall mean those members of the Board consisting of directors who are not parties to the Claim.

 

(j)
“Independent Legal Counsel” shall mean an attorney or law firm of attorneys, who shall not have otherwise performed
services for the Company or Indemnitee within the last three years (other than with respect to matters concerning the rights of Indemnitee
under this Agreement, or of other indemnitees under similar indemnity agreements).

 

(k)
“Other Liabilities” shall be broadly construed to mean, without limitation, all, judgments, damages, liabilities,
losses, fines, penalties and amounts paid in settlement (if such settlement is approved in accordance with this Agreement, which approval
shall not be unreasonably withheld) of any Claim regarding any Indemnifiable Event and any federal, state, local or foreign taxes imposed
on the Indemnitee as a result of the actual or deemed receipt of any payments under this Agreement.

 

(l)
References to “other enterprises” shall include employee benefit plans; references to “fines” shall
include any excise taxes assessed on Indemnitee with respect to an employee benefit plan; and references to “serving at the
request of the Company” shall include any service as a director, officer, employee, agent or fiduciary of the Company which
imposes duties on, or involves services by, such director, officer, employee, agent or fiduciary with respect to an employee benefit
plan, its participants or its beneficiaries; and if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to
be in the interest of the participants and beneficiaries of an employee benefit plan, Indemnitee shall be deemed to have acted in a manner
“not opposed to the best interests of the Company” as referred to in this Agreement.

 

(m)
“Reviewing Party” shall mean an election made from among the following: (i) those members of the Board who are
Independent Directors even though less than a quorum; (ii) a committee of Independent Directors designated by a majority of the
Independent Directors, even though less than a quorum; or (iii) Independent Legal Counsel selected by the Indemnitee and approved by
the Company (which approval shall not be unreasonably withheld), provided that notwithstanding the foregoing, following any Change
in Control subsequent to the date of this Agreement, the Reviewing Party shall be Independent Legal Counsel selected in the manner
provided herein.

 

    2

     

    

 

2.
Indemnification

 

(a)
Indemnification of Expenses and Other Liabilities. The Company shall indemnify Indemnitee to the fullest extent permitted by law,
as such may be amended from time to time, if Indemnitee was or is or becomes a party to or witness or other participant in, or is threatened
to be made a party to or witness or other participant in, any Claim by reason of (or arising in part out of) any Indemnifiable Event
against all Expenses and Other Liabilities, including all interest, assessments and other charges paid or payable in connection
with or in respect of such Expenses. Indemnitee hereby agrees to repay to the Company all amounts advanced to Indemnitee hereunder if
it is ultimately determined by a court of competent jurisdiction that Indemnitee is not entitled to indemnification hereunder. Other
than in respect of Expense Advances paid in accordance with Section 3(a) hereof, such payment of Expenses shall be made by the Company
as soon as practicable but in any event no later than five (5) business days after written demand by Indemnitee therefor is presented
to the Company.

 

(b)
Determination of Right to Indemnification. Unless otherwise provided in Section 11 hereof, the Company shall indemnify Indemnitee
pursuant to Section 2(a) hereof if Indemnitee has not failed to meet the applicable standard of conduct for indemnification. With respect
to all matters arising concerning whether or not the Indemnitee has met the applicable standard of conduct, the Indemnitee shall be entitled
to select the Reviewing Party. The Reviewing Party shall determine whether and to what extent Indemnitee would be permitted to be indemnified
under applicable law, and the Company and Indemnitee agree to abide by such determination, which, if made by Independent Legal Counsel
shall be made in a written opinion. The Company shall pay all reasonable fees and expenses of the Independent Legal Counsel, including
in connection with any action pursuant to this Agreement.

 

(c)
Mandatory Payment of Expenses. Notwithstanding any other provision of this Agreement other than Section 11 hereof, to the extent
that Indemnitee has been successful on the merits or otherwise, including, without limitation, the dismissal of a Claim without prejudice,
in defense of any Claim regarding any Indemnifiable Event, Indemnitee shall be indemnified against all Expenses and Other Liabilities
incurred by Indemnitee in connection therewith.

 

3.
Expenses; Indemnification Procedure

 

(a)
Advancement of Expenses. The Company shall advance all Expenses incurred by Indemnitee. The advances to be made hereunder shall
be paid by the Company to Indemnitee as soon as practicable but in any event no later than thirty (30) days after written demand by Indemnitee
therefor to the Company. Indemnitee hereby agrees to repay to the Company all amounts advanced to Indemnitee hereunder if it is ultimately
determined by a court of competent jurisdiction that Indemnitee is not entitled to indemnification hereunder. The Company’s obligation
to advance Expenses shall terminate with respect to any Claim as to which the Indemnitee shall have entered a guilty plea.

 

(b)
Notice/Cooperation by Indemnitee. Indemnitee shall, as a condition precedent to Indemnitee’s right to be indemnified under
this Agreement, give the Company Notice (defined below) as soon as practicable of any Claim made against Indemnitee for which indemnification
will or could be sought under this Agreement; provided, however, that the failure to so provide Notice to the Company shall not relieve
the Company from any liability unless, and only to the extent that, Indemnitee’s failure to provide such Notice shall have materially
and adversely affected the Company. Notice to the Company shall be directed to the Chief Executive Officer of the Company at the address
set forth in Section 15 hereof (or such other address as the Company shall designate in writing to Indemnitee). In addition, Indemnitee
shall give the Company such information and cooperation as it may reasonably require and as shall be within Indemnitee’s power.
The Company shall provide Indemnitee with such information and cooperation as Indemnitee may reasonably require, to the extent that doing
so is consistent with the Company’s obligation to cooperate with regulatory or law enforcement agencies.

 

    3

     

    

 

(c)
No Presumptions; Burden of Proof. For purposes of this Agreement, the termination of any Claim by judgment, order, settlement
(whether with or without court approval) or conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a presumption
that Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification
is not permitted by applicable law.

 

(d)
Notice to Insurers. If, at the time of the receipt by the Company of a Notice of a Claim pursuant to Section 3(b) hereof, the
Company has liability insurance in effect which may cover such Claim, the Company shall give prompt Notice of the commencement of such
Claim to the insurers in accordance with the procedures set forth in the respective insurance policies. The Company shall thereafter
take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of
such Claim in accordance with the terms of such policies. The Company shall keep Indemnitee reasonably informed as to the status of all
relevant insurance matters.

 

(e)
Assumption of Defense; Selection of Counsel. In the event the Company shall be obligated hereunder to pay the Expenses of any
Claim, the Company, if appropriate, shall be entitled to assume the defense of such Claim with counsel approved by Indemnitee (such approval
not to be unreasonably withheld) upon the delivery to Indemnitee of Notice of the Company’s election so to do. After delivery of
such Notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable
to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Claim; provided
that: (i) Indemnitee shall have the right to employ Indemnitee’s separate counsel in any such Claim at Indemnitee’s own expense;
and (ii) if (A) the employment of separate counsel by Indemnitee has been previously authorized by the Company, (B) Indemnitee shall
have reasonably concluded, with advice of counsel, that there may be a conflict of interest between the Company and Indemnitee in the
conduct of any such defense, (C) after a Change in Control, the employment of separate counsel by Indemnitee has been approved by Independent
Legal Counsel, or (D) the Company shall not continue to retain counsel to defend such Claim, then the fees and expenses of Indemnitee’s
separate counsel shall be considered an Expense.

 

4.
Additional Indemnification Rights; Nonexclusivity

 

(a)
Scope. The Company hereby agrees to indemnify the Indemnitee to the fullest extent permitted by law, notwithstanding that such
indemnification is not specifically authorized by the other provisions of this Agreement, the Articles of Incorporation, the Bylaws or
by statute. To the extent that a change in NRS Chapter 78, whether by statute or judicial decision, permits greater indemnification than
would be afforded currently under the Articles of Incorporation, Bylaws and this Agreement, it is the intent of the parties hereto that
Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. In the event of any change in any applicable
law, statute or rule which narrows the right of a Nevada corporation to indemnify a member of its board of directors or an officer, employee,
agent or fiduciary, such change, to the extent not otherwise required by such law, statute or rule to be applied to this Agreement, shall
have no effect on this Agreement or the parties’ rights and obligations hereunder except as set forth in Section 11(a) hereof.

 

(b)
Nonexclusivity. The Bylaws require indemnification of the officers and directors of the Company. Indemnitee may also be entitled
to indemnification pursuant to NRS Chapter 78. The Bylaws and NRS Chapter 78 expressly provide that the indemnification provisions set
forth therein are not exclusive and thereby contemplate that contracts may be entered into between the Company and members of the Board,
officers and other persons with respect to indemnification. The indemnification provided under this Agreement shall continue as to Indemnitee
for any action taken or not taken while serving in an indemnified capacity even though Indemnitee may have ceased to serve in such capacity.

 

5.
Contribution

 

(a)
Whether or not the indemnification provided in Section 2 hereof is available, in respect of any Claim in which the Company is jointly
liable with Indemnitee (or would be if joined in such Claim), the Company shall, unless indemnification would not be available as a result
of Section 11 hereof, pay, in the first instance, the entire amount of any judgment or settlement of such Claim without requiring Indemnitee
to contribute to such payment. The Company hereby waives and relinquishes any right of contribution it may have against Indemnitee. The
Company shall not enter into any settlement of any Claim in which the Company is jointly liable with Indemnitee (or would be if joined
in such Claim) unless such settlement provides for a full and final release of all Claims asserted against Indemnitee.

 

    4

     

    

 

(b)
Without diminishing or impairing the obligations of the Company set forth in the preceding subparagraph, if, for any reason, Indemnitee
shall elect or be required to pay all or any portion of any judgment or settlement in any Claim in which the Company is jointly liable
with Indemnitee (or would be if joined in such Claim), the Company shall contribute to the amount of Expenses (including attorneys’
fees), judgments and Other Liabilities paid in settlement actually and reasonably incurred and paid or payable by Indemnitee in proportion
to the relative benefits received by the Company and all officers, directors or employees of the Company, other than Indemnitee, who
are jointly liable with Indemnitee (or would be if joined in such Claim), on the one hand, and Indemnitee, on the other hand, from the
transaction from which such Claim arose; provided, however, that the proportion determined on the basis of relative benefit may, to the
extent necessary to conform to law, be further adjusted by reference to the relative fault of the Company and all officers, directors
or employees of the Company other than Indemnitee who are jointly liable with Indemnitee (or would be if joined in such Claim), on the
one hand, and Indemnitee, on the other hand, in connection with the events that resulted in such expenses, judgments, fines or settlement
amounts, as well as any other equitable considerations which the law may require to be considered. The relative fault of the Company
and all officers, directors or employees of the Company, other than Indemnitee, who are jointly liable with Indemnitee (or would be if
joined in such Claim), on the one hand, and Indemnitee, on the other hand, shall be determined by reference to, among other things, the
degree to which their actions were motivated by intent to gain personal profit or advantage, the degree to which their liability is primary
or secondary and the degree to which their conduct is active or passive.

 

(c)
The Company hereby agrees to fully indemnify and hold Indemnitee harmless from any claims of contribution which may be brought by officers,
directors or employees of the Company, other than Indemnitee, who may be jointly liable with Indemnitee.

 

(d)
To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to Indemnitee
for any reason whatsoever other than the reasons set forth in Section 11 hereof, the Company, in lieu of indemnifying Indemnitee, shall
contribute to the amount incurred by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in
settlement and/or for Expenses and Other Liabilities, in connection with any Claim relating to an indemnifiable event under this Agreement,
in such proportion as is deemed fair and reasonable in light of all of the circumstances of such proceeding in order to reflect (i) the
relative benefits received by the Company and Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such proceeding;
and/or (ii) the relative fault of the Company (and its directors (other than Indemnitee) officers, employees and agents) and Indemnitee
in connection with such event(s) and/or transaction(s).

 

6.
Settlement. The Company acknowledges that a settlement or other disposition short of final judgment may be successful if it permits
a party to avoid expense, delay, distraction, disruption and uncertainty. In the event that any Claim to which Indemnitee is a party
is resolved in any manner other than by adverse judgment against Indemnitee (including, without limitation, settlement of such Claim
with or without payment of money or other consideration) it shall be presumed that Indemnitee has been successful on the merits or otherwise
in such Claim. Anyone seeking to overcome this presumption shall have the burden of proof.

 

7.
No Duplication of Payments. The Company shall not be liable under this Agreement to make any payment in connection with any Claim
made against Indemnitee to the extent Indemnitee has otherwise actually received payment (under any insurance policy, provision of the
Articles of Incorporation, Bylaws or otherwise) of the amounts otherwise indemnifiable hereunder.

 

8.
Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some
or a portion of Expenses or Other Liabilities incurred in connection with any Claim, but not, however, for all of the total amount thereof,
the Company shall nevertheless indemnify Indemnitee for the portion of such Expenses and Other Liabilities to which Indemnitee is entitled.

 

    5

     

    

 

9.
No Imputation. The knowledge or actions, or failure to act, of any director, officer, agent or employee of the Company or the Company
itself shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement.

 

10.
Liability Insurance. For the duration of Indemnitee’s service as a director or officer or other agent of the Company, and thereafter
for so long as Indemnitee shall be subject to any pending or possible Claim by reason of any Indemnifiable Event, the Company shall use
commercially reasonable efforts (taking into account the scope and amount of coverage available relative to the cost thereof) to cause
to be maintained in effect policies of liability insurance providing coverage for directors and officers of the Company that are at least
substantially comparable in scope and amount to that provided by the Company’s current policies of directors’ and officers’
liability insurance. To the extent the Company maintains liability insurance applicable to directors, officers, employees, agents or
fiduciaries, Indemnitee shall be covered by such policies in such a manner as to provide Indemnitee the same rights and benefits as are
provided to the most favorably insured of the Company’s directors, if Indemnitee is a director; or of the Company’s officers,
if Indemnitee is not a director of the Company but is an officer; or of the Company’s key employees, agents or fiduciaries, if
Indemnitee is not an officer or director but is a key employee, agent or fiduciary.

 

11.
Exceptions. Notwithstanding any other provision of this Agreement, the Company shall not be obligated pursuant to the terms of this
Agreement:

 

(a)
Excluded Action or Omissions. To indemnify Indemnitee for acts, omissions or transactions if a final decision by a court having
jurisdiction in the matter (after exhaustion of all appeals therefrom) shall determine that such indemnification is prohibited by applicable
law.

 

(b)
Claims Initiated by Indemnitee. To indemnify Expenses or Other Liabilities or advance Expenses to Indemnitee with respect to Claims
initiated or brought voluntarily by Indemnitee and not by way of defense, except: (i) with respect to actions or proceedings brought
to establish or enforce a right to indemnification hereunder or under the Articles of Incorporation; (ii) in specific cases if the Board
has approved the initiation or bringing of such Claim, or (iii) as otherwise required by applicable law, regardless of whether Indemnitee
ultimately is determined to be entitled to such indemnification, advance Expense payment or insurance recovery, as the case may be.

 

(c)
Claims Under Section 16(b). To indemnify Indemnitee for the payment of profits arising from the purchase and sale by Indemnitee
of securities in violation of Section 16(b) of the Exchange Act, or any similar successor statute; provided that the Company shall advance
Expenses in connection with Indemnitee’s defense of a claim under Section 16(b), which advances shall be repaid to the Company
if it is ultimately determined that Indemnitee is not entitled to indemnification of such Expenses.

 

(d)
Reimbursement. To indemnify Indemnitee for any reimbursement of the Company by Indemnitee of any bonus or other incentive-based
or equity-based compensation or of any profits realized by Indemnitee from the sale of securities of the Company, as required in each
case under the Exchange Act (including any such reimbursements that arise from an accounting restatement of the Company pursuant to Section
304 of the Sarbanes-Oxley Act of 2002 (“Sarbanes-Oxley Act”), or the payment to the Company of profits arising from
the purchase and sale by Indemnitee of securities in violation of Section 306 of the Sarbanes-Oxley Act, or any reimbursements or clawbacks
of compensation under Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

 

12.
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall constitute an original.

 

13.
Binding Effect; Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the
parties hereto and their respective successors, assigns (including any direct or indirect successor by purchase, merger, consolidation
or otherwise to all or substantially all of the business or assets of the Company), spouses, heirs and personal and legal representatives.
The Company shall require and cause any successor (whether direct or indirect, and whether by purchase, merger, consolidation or otherwise)
to all, substantially all, or a substantial part, of the business or assets of the Company, by written agreement in form and substance
satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the
Company would be required to perform if no such succession had taken place. This Agreement shall continue in effect regardless of whether
Indemnitee continues to serve as a director, officer, employee, agent or fiduciary (as applicable) of the Company or of any other enterprise
at the Company’s request.

 

    6

     

    

 

14.
Attorneys’ Fees. In the event that any action is instituted by Indemnitee under this Agreement or under any liability insurance
policies maintained by the Company to enforce or interpret any of the terms hereof or thereof, Indemnitee shall be entitled to be paid
all Expenses incurred by Indemnitee with respect to such action, regardless of whether Indemnitee is ultimately successful in such action,
and shall be entitled to the advancement of Expenses with respect to such action, unless as a part of such action a court of competent
jurisdiction over such action finally determines that each of the material assertions made by Indemnitee as a basis for such action was
not made in good faith. In the event of an action instituted by or in the name of the Company under this Agreement to enforce or interpret
any of the terms of this Agreement, Indemnitee shall be entitled to be paid all Expenses incurred by Indemnitee in defense of such action
(including costs and Expenses incurred with respect to Indemnitee’s counterclaims and cross-claims made in such action), and shall
be entitled to the advancement of all Expenses with respect to such action.

 

15.
Notice. All notices, requests, demands and other communications under this Agreement (“Notice”) shall be in writing
and shall be deemed duly given, if delivered, mailed or sent, as applicable, to the applicable address set forth below: (i) if delivered
by hand and signed for by the party addressed, on the date of such delivery; (ii) if mailed by domestic certified or registered mail
with postage prepaid, on the third business day after the date postmarked; or (iii) if sent by a reputable nationwide overnight courier
service that guarantees next business day delivery, on the next business day after being sent:

 

	 	a)	if
    to Indemnitee, to the address indicated on the signature page of this Agreement, or such other address as Indemnitee shall provide
    to the Company in accordance with this Section 15; and

 

	 	b)	if to the Company, to:

 

Fresh
Vine Wine, Inc.

505 Highway 169 North, Suite 255

Plymouth, MN 55441

 

or
such other address as the Company shall provide to Indemnitee in accordance with this Section 15.

 

16.
Consent to Jurisdiction. The Company and Indemnitee each hereby irrevocably consent to the jurisdiction of the courts of the State
of Nevada for all purposes in connection with any action or proceeding which arises out of or relates to this Agreement and agree that
any action instituted under this Agreement shall be commenced, prosecuted and continued only in the district court of the State of Nevada
in and for Clark County, which shall be the exclusive and only proper forum for adjudicating such a claim.

 

17.
Severability. The provisions of this Agreement shall be severable in the event that any of the provisions hereof (including any provision
within a single section, paragraph or sentence) are held by a court of competent jurisdiction to be invalid, void or otherwise unenforceable,
and the remaining provisions shall remain enforceable to the fullest extent permitted by law. Furthermore, to the fullest extent possible,
the provisions of this Agreement (including, without limitations, each portion of this Agreement containing any provision held to be
invalid, void or otherwise unenforceable, that is not itself invalid, void or unenforceable) shall be construed so as to give effect
to the intent manifested by the provision held invalid, illegal or unenforceable.

 

18.
Choice of Law. This Agreement shall be governed by and its provisions construed and enforced in accordance with the laws of the State
of Nevada as applied to contracts between Nevada residents entered into and to be performed entirely within the State of Nevada.

 

19.
Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of
the rights of recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to secure
such rights and to enable the Company effectively to bring suit to enforce such rights.

 

    7

     

    

 

20.
Amendment; Termination and Waiver. Due to the uncertain application of any statutes of limitations that may govern any Claim, this
Agreement shall be of indefinite duration. No amendment, modification, termination or cancellation of this Agreement shall be effective
unless it is in writing signed by both the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed to be
or shall constitute a waiver of any other provisions hereof (whether or not similar), nor shall such waiver constitute a continuing waiver.

 

21.
Integration and Entire Agreement. This Agreement sets forth the entire understanding between the parties hereto and supersedes and
merges all previous written and oral negotiations, commitments, understandings and agreements relating to the subject matter hereof between
the parties hereto. If the Company and Indemnitee have previously entered into an indemnification agreement providing for indemnification
of Indemnitee by the Company, the parties’ entry into this Indemnification Agreement shall be deemed to amend and restate such
Indemnification Agreement to read in its entirety as, and to be superseded by, this Indemnification Agreement.

 

22.
No Construction as Employment Agreement. Nothing contained in this Agreement shall be construed as giving Indemnitee any right to
be retained in the employ of the Company or any of its subsidiaries or affiliated entities.

 

 

[Signature
Page Follows]

 

    8

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Indemnification Agreement as of the date first above written.

 

		FRESH VINE WINE, INC.
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	 	AGREED TO AND ACCEPTED:
	 	 	 
	 	INDEMNITEE:
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    9

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