SEC Contract Filing

Filing Date: 2021-09-20

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>8
<FILENAME>ex10-3.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
10.3</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>STOCK
ESCROW AGREEMENT</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
STOCK ESCROW AGREEMENT, dated as of September 14, 2021 (this &ldquo;<B>Agreement</B>&rdquo;), by and among WINVEST ACQUISITION CORP.,
a Delaware corporation (&ldquo;<B>Company</B>&rdquo;), and the initial stockholders listed on the signature pages hereto (collectively,
the &ldquo;<B>Initial Stockholders</B>&rdquo;) and CONTINENTAL STOCK TRANSFER &amp; TRUST COMPANY, a New York corporation (&ldquo;<B>Escrow
Agent</B>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
the Company has entered into an Underwriting Agreement, dated as of September 14, 2021 (&ldquo;<B>Underwriting Agreement</B>&rdquo;),
with Chardan Capital Markets, LLC, acting as representative (the &ldquo;<B>Representative</B>&rdquo;) of the several underwriters named
therein (collectively, the &ldquo;<B>Underwriters</B>&rdquo;), pursuant to which, among other matters, the Underwriters have agreed to
purchase 10,000,000 units (&ldquo;<B>Units</B>&rdquo;) of the Company, plus an additional 1,500,000 Units if the Underwriters exercise
their over-allotment option in full. Each Unit consists of one share of common stock, par value $0.0001 per share (&ldquo;<B>Common Stock</B>&rdquo;),
of the Company, one right entitling the holder thereof to receive one-fifteenth (1/15) of one share of Common Stock upon the consummation
of an initial business combination and one warrant entitling the holder thereof to purchase one-half (1/2) of one share of Common Stock
at an exercise price of $11.50 per whole share, all as more fully described in the Company&rsquo;s final Prospectus, dated September
14, 2021 (&ldquo;<B>Prospectus</B>&rdquo;), comprising part of the Company&rsquo;s Registration Statement on Form S-1 (File No. 333-258920)
under the Securities Act of 1933, as amended (&ldquo;<B>Registration Statement</B>&rdquo;), declared effective on September 14, 2021.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
the Initial Stockholders have agreed as a condition of the sale of the Units to deposit their Insider Shares (as defined in the Prospectus),
as set forth opposite their respective names on <U>Exhibit A</U> attached hereto (collectively &ldquo;<B>Escrow Shares</B>&rdquo;), in
escrow as hereinafter provided.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
the Company and the Initial Stockholders desire that the Escrow Agent accept the Escrow Shares, in escrow, to be held and disbursed as
hereinafter provided.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IT
IS AGREED:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.
<U>Appointment of Escrow Agent</U>. The Company and the Initial Stockholders hereby appoint the Escrow Agent to act in accordance with
and subject to the terms of this Agreement and the Escrow Agent hereby accepts such appointment and agrees to act in accordance with
and subject to such terms.</FONT></P>

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