SEC Contract Filing

Filing Date: 2024-10-15

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>vine1014form8kexh10_3.htm
<DESCRIPTION>EXHIBIT 10.3
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.3</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt 7pt; text-align: justify">NEITHER THE ISSUANCE AND SALE OF THE SECURITIES
REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE HAVE BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED
(I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B)
AN OPINION OF COUNSEL TO THE HOLDER (IF REQUESTED BY THE COMPANY), IN A FORM REASONABLY ACCEPTABLE TO THE COMPANY, THAT REGISTRATION IS
NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD OR ELIGIBLE TO BE SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING
THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED
BY THE SECURITIES. THE NUMBER OF SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT MAY BE LESS THAN THE AMOUNTS SET FORTH
ON THE FACE HEREOF PURSUANT TO SECTION 1(a) OF THIS WARRANT.</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; text-align: center">FRESH VINE WINE, INC.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; text-align: center"><B>WARRANT TO PURCHASE SHARES OF COMMON
STOCK</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt"><B>&nbsp;</B></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0 0 6pt 7pt; text-align: justify">Warrant No.: 2024-[&bull;]</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0 0 6pt 7pt; text-align: justify">Warrant Shares: 370,000</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt 7pt; text-align: justify"><B>Date of Issuance: October 8, 2024 (&ldquo;Issuance
Date&rdquo;)</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt 7pt; text-align: justify; text-indent: 33.7pt">Fresh Vine Wine, Inc.,
a company organized under the laws of the State of Nevada (the &ldquo;<B>Company</B>&rdquo;), hereby certifies that, for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, [PURCHASER], the registered holder hereof or its permitted
assigns (the &ldquo;<B>Holder</B>&rdquo;), is entitled, subject to the terms set forth below, to purchase from the Company, at the Exercise
Price (as defined below) then in effect, upon exercise of this warrant to purchase shares of Common Stock (including any warrants to purchase
shares of Common Stock issued in exchange, transfer or replacement hereof, the &ldquo;<B>Warrant</B>&rdquo;), at any time or times on
or after the Issuance Date, but not after 11:59 p.m., New York time, on the Expiration Date (as defined below), (subject to adjustment
as provided herein) fully paid and non- assessable shares of Common Stock (as defined below) (the &ldquo;<B>Warrant Shares</B>&rdquo;).
Except as otherwise defined herein, capitalized terms in this Warrant shall have the meanings set forth in <B>Section 18</B>. This Warrant
is being issued pursuant to that certain Securities Purchase Agreement, dated as of October 8, 2024 (the &ldquo;<B>Subscription Date</B>&rdquo;),
by and among the Company and the Holder referred to therein and the other Purchaser signatory thereto (collectively, the &ldquo;<B>Purchaser</B>&rdquo;),
as amended from time to time (the &ldquo;<B>Purchase Agreement</B>&rdquo;).</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 11pt">1.</FONT></TD><TD><FONT STYLE="font-size: 11pt"><U>Exercise of Warrant.</U></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt 7pt; text-align: justify; text-indent: 33.7pt"><FONT STYLE="letter-spacing: -0.05pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">
</FONT></FONT><B>Mechanics of Exercise</B>. Subject to the terms and conditions hereof (including, without limitation, the limitations
set forth in <B>Section 1(e)</B>) and subject to Section 4.10(a) of the Purchase Agreement, this Warrant may be exercised by the Holder
on any day on or after the Issuance Date (an &ldquo;<B>Exercise Date</B>&rdquo;), in whole or in part, by delivery (whether via facsimile
or otherwise) of a written notice, in the form attached hereto as <B>Exhibit A </B>(the &ldquo;<B>Exercise Notice</B>&rdquo;), of the
Holder&rsquo;s election to exercise this Warrant. <FONT STYLE="letter-spacing: -0.65pt">In connection therewith,</FONT> the Holder shall
deliver payment to the Company of an amount equal to the Exercise Price in effect on the date of such exercise multiplied by the number
of Warrant Shares as to which this Warrant was so exercised (the &ldquo;<B>Aggregate Exercise Price</B>&rdquo;) in cash or via wire transfer
of immediately available funds. The Holder shall not be required to deliver the original of this Warrant in order to affect an exercise
hereunder. Execution and delivery of an Exercise Notice with respect to less than all of the Warrant Shares shall have the same effect
as cancellation of the original of this Warrant and issuance of a new Warrant evidencing the right to purchase the remaining number of
Warrant Shares. Execution and delivery of an Exercise Notice for all of the then-remaining Warrant Shares shall have the same effect as
cancellation o