SECOND AMENDED AND RESTATED CONSULTING AGREEMENT
Exhibit 10.1
SECOND AMENDED AND RESTATED CONSULTING AGREEMENT
This SECOND AMENDED AND RESTATED CONSULTING AGREEMENT (this “Agreement”) is entered into as of April 13th, 2022 (the “Effective Date”) into by and between Fresh Vine Wine, Inc., a Nevada corporation (“Client”), and Xxxxx Xxxxxxxxx d/b/a Xxxxxxxxx Consulting (“Xxxxxxxxx”).
WHEREAS, Xxxxxxxxx and Fresh Grapes, LLC, a Texas limited liability company that was the predecessor to Client (“Fresh Grapes”), entered into a letter agreement dated on or about June 12, 2019 pursuant to which Xxxxxxxxx was to provide, and did provide consulting services relating to low calorie and/or low sulfite wine products (collectively, the “Original Agreement”);
WHEREAS, Client and Xxxxxxxxx amended the Original Agreement by restating it in its entirety, and entered into that certain Amended and Restated Consulting Agreement, dated and effective as of March 16, 2021 (collectively, the “Restated Agreement”), on the terms and conditions contained therein;
WHEREAS, Pursuant to the Original Agreement and Restated Agreements, Xxxxxxxxx received, as partial compensation, Fresh Grapes membership ownership interests. Upon Fresh Grapes, LLC’s conversion to Client on December 8, 2021, such units converted into a total of 619,343 shares of Client’s common stock (the “Shares”); and
WHEREAS, the parties again desire to amend and restate both the Original Agreement and Restated Agreement in their entirety as set forth below in accordance with the terms and conditions set forth in this Agreement.
NOW, THEREFORE, for and in consideration of the covenants and agreements set forth below, the sufficiency of which both parties acknowledge, the parties agree as follows:
1. Services.
Client hereby engages Xxxxxxxxx to provide mutually agreed to consulting services related to low calorie and/or low sulfite wine products pursuant to the terms and conditions of this Agreement (the “Services”).
2. Term.
The term of this Agreement shall commence as of the Effective Date and shall continue for a period of one (1) year (the “Initial Term”), unless sooner terminated as provided herein. Upon expiration of the Initial Term, this Agreement shall automatically renew for successive one (1) year periods (each a “Renewal Term”) unless (i) either party has notified the other party in writing at least thirty (30) days prior to the expiration of the then current term that the notifying party elects not to renew this Agreement, or (ii) this Agreement is sooner terminated as provided in this Agreement. The Initial Term, and all renewals and extensions of this Agreement, are collectively defined as the “Term.”
3. Compensation.
(a) Base Consulting Compensation. Monthly compensation for the Services is Five Thousand Dollars ($5,000.00) per month, prorated for any partial months (the “Base Consulting Compensation”), payable by the 15th day of each calendar month for the Services provided the preceding month.
(b) Commissions. In addition to the base consulting compensation payable pursuant to Section 3(a) above, Client agreed to pay Xxxxxxxxx additional the commission based compensation set forth below subject to satisfaction of the identified milestones.
(i) Client will pay Xxxxxxxxx a commission equal to Five Thousand Dollars ($5,000.00) for any given non-overlapping 30-day period during the Term in which Client sells Fresh Vine Wine Products to at least 42 separate True Food Kitchen locations for sale to customers from their menus. For such purposes, “Fresh Vine Wine Products” means Client’s wine products developed with the assistance of Xxxxxxxxx pursuant to the Services.
(ii) Upon Client selling at least 0.7 cases of Fresh Vine Wine Products within any given non-overlapping 30-day period to at least 210 locations of a single Qualifying Casual Dining Restaurant Chain for sale to customers from its menu, Client will pay Xxxxxxxxx a one-time commission payment of One Hundred Thousand Dollars ($100,000). For such purposes, a “Qualifying Casual Dining Restaurant Chain” shall mean XX Xxxxx’x or another fast casual dining restaurant chain considered by Client in its discretion to have similar reputation, visibility and distribution opportunities.
(iii) Upon Client’s concurrently selling at least 0.43 cases of Fresh Vine Wine Products within any given non-overlapping 30-day period to at least ten separate Qualifying Fine Dining Restaurants for sale to customers from their menus, Client will pay Xxxxxxxxx a one-time commission payment of Forty Thousand Dollars ($40,000). For such purposes, a “Qualifying Fine Dining Restaurant” shall mean an upscale restaurant considered by Client in its discretion to be a fine dining establishment.
Commission payments provided for by this Section 3(b) will be payable on the 15th day of the calendar month following the month in which Client confirms satisfaction of the applicable milestone (the “Due Date”). Each amount specified by this Section 3(b) shall be paid without offset from any other milestone(s) or Contractor’s receipt of the Base Consulting Compensation.
4. Termination.
Client shall have the right to terminate this Agreement at any time by giving Xxxxxxxxx written notice. Xxxxxxxxx shall have the right to terminate this Agreement at any time by giving Client written notice at least thirty (30) days prior to the termination date.
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Client may, at any time and with notice, immediately terminate this Agreement for “cause.” Termination for “cause” shall include but not be limited to termination based on any of the following grounds: (a) fraud, misappropriation, embezzlement or acts of similar dishonesty; (b) intentional and willful misconduct that may subject Client to criminal liability which, if capable of being cured, is not timely cured upon 30 days’ written notice to Xxxxxxxxx; (c) continued gross negligence or recklessness in the performance or non-performance of duties which materially and adversely affects Client and which, if capable of being cured, is not timely cured upon 30 days’ written notice to Xxxxxxxxx, (d) any breach of Section 10 by Xxxxxxxxx, or (e) any material breach of any other Section of this Agreement by Xxxxxxxxx which, if capable of being cured, is not timely cured upon 30 days’ written notice to Xxxxxxxxx. In the event this Agreement is terminated for “cause” by Client as provided by this Section, no further compensation shall be owed to Xxxxxxxxx, except for compensation or other consideration earned but unpaid.
Further, Xxxxxxxxx acknowledges and agrees that in the event of termination of this Agreement by Client for “cause” in accordance with this Section 4, where such termination for cause arises or relates to an act or acts directly related to Xxxxxxxxx’x ownership interest in Client, Xxxxxxxxx shall, at Client’s election (which election shall be made by Client in its sole discretion), be obligated to sell all Shares held by Xxxxxxxxx on the termination date back to Client at the fair market value applicable on the day immediately prior to the incident(s) supporting or giving rise to such termination for cause. As an example, but not as an exhaustive list, “act or acts directly related to Xxxxxxxxx’x ownership interest in Client,” shall include a civil or criminal complaint against Xxxxxxxxx for xxxxxxx xxxxxxx, embezzlement, fraud, and/or misappropriation of or concerning Client and/or Client’s corporate assets. So long as Client’s common stock is listed on a U.S. securities exchange, the fair market value of the Shares to be sold back shall be determined by reference to the closing price of a share of Client’s common stock on such U.S. securities exchange on the applicable date (or the immediately preceding trading day if such U.S. securities exchange is closed for trading on such date). If Client’s common stock is not publicly traded, then the fair market value of the Shares will be based upon a good faith valuation of the Shares as of such date, which shall be based upon such factors as the Client’s board of directors deems appropriate. Xxxxxxxxx is not entitled to any further distributions in respect of the Shares after the date of Client’s termination for cause. In the event any appropriate instruments reasonably requested by Client effectuating the transfer of the Shares as required by this Section are not delivered within five (5) days’ after Xxxxxxxxx’x receipt of the written notice of termination by Client for “cause,” Client, or its designee, may, as Xxxxxxxxx’x irrevocable attorney-in-fact and agent, execute any such legal instruments conveying, transferring or assigning the Shares to Client and the parties hereto agree that neither Client nor its designee shall have any individual liability for any actions taken in connection with the foregoing. Xxxxxxxxx agrees that no provision of this Agreement shall preclude Client from recovering damages, if any, sustained by reason of any conduct of Xxxxxxxxx in breach of the terms hereof.
Upon the expiration or earlier termination of this Agreement, except as otherwise provided herein, neither party shall have any further obligation hereunder except for (i) obligations accruing prior to the date of expiration or termination, and (ii) obligations, promises, or covenants contained herein which are expressly made to extend beyond the Term.
5. Independent Contractor Status.
Xxxxxxxxx enters into this Agreement as, and shall continue to be, an independent contractor. Under no circumstances shall Xxxxxxxxx look to Client as his employer, or as a partner, agent, or principal. Xxxxxxxxx shall not be entitled to any benefits accorded to Client’s employees, including without limitation worker’s compensation, disability insurance, vacation, or sick pay. Xxxxxxxxx shall be responsible for providing, at Xxxxxxxxx’x expense and in Xxxxxxxxx’x name, disability, worker’s compensation, or other insurance, as well as licenses and permits usual or necessary for conducting the Services under this Agreement.
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Xxxxxxxxx shall pay, when and as due, any and all taxes incurred as a result of Xxxxxxxxx’x compensation under this Agreement, including estimated taxes. Xxxxxxxxx agrees to indemnify and hold harmless Client from any and all loss or liability, cost or expense arising with respect to such payments, withholdings, and benefits, if any.
Except as limited herein, Xxxxxxxxx may represent, perform services for, or be employed by such additional persons or companies as Xxxxxxxxx sees fit.
6. Xxxxxxxxx’x Representations.
Xxxxxxxxx represents that Xxxxxxxxx has the qualifications and ability to perform the Services in a professional manner, without the advice, control, or supervision of Client. Xxxxxxxxx shall be solely responsible for the professional performance of the Services and shall receive no assistance, direction, or control from Client. Xxxxxxxxx shall have sole discretion and control of Xxxxxxxxx’x services and the manner in which performed in accordance with this Agreement.
7. Confidentiality.
Neither party will disclose information of the other that is marked as “Confidential,” or should otherwise reasonably be considered confidential, without the express prior written consent of the other party, provided, however, Client grants Xxxxxxxxx the discretion to use information learned from Client in the course of providing the Services under this Agreement to the best of Xxxxxxxxx’x ability.
“Proprietary Information” includes, without limitation, any information created, discovered, developed, or otherwise known to Client (including without limitation information created, discovered, developed or made known to Xxxxxxxxx or Client as a result of Xxxxxxxxx’x relationship with Client), and any information assigned or otherwise conveyed to Client by another entity that has commercial value in the business in which the entity is engaged, excluding the following: Information which (a) belongs to Xxxxxxxxx or is already known by Xxxxxxxxx without an obligation of confidentiality; (b) is publicly known or becomes publicly known through no unauthorized act of Xxxxxxxxx; (c) is independently developed by Xxxxxxxxx without use of Client’s Proprietary Information; (d) is approved, in writing, by the governing authority of Client for disclosure; or (e) is required (by oral questions under oath, interrogatories, requests for information or documents, subpoena, civil investigative demand or similar process or by applicable laws and regulations or stock exchange rules) to be disclosed in a court proceeding. By way of illustration, but not limitation, Proprietary Information specifically includes inventions, developments, designs, applications, improvements, trade secrets, formulae, ideas, know-how, methods or processes, discoveries, techniques and data (hereinafter collectively referred to as “Inventions”); information regarding plans for research, development, new products, marketing and selling business plans, budgets and unpublished financial statements, licenses, prices and costs, suppliers and customers; and information regarding the skills and compensation of employees of Client. During the Term of this Agreement, Xxxxxxxxx may receive and otherwise be exposed to information regarding the customers, trade secrets, technology and business of Client. Xxxxxxxxx agrees that all Proprietary Information whether presently existing or developed in the future, whether or not patentable or registrable under copyright law, shall be the sole property of Client and its assigns, and that Client and its assigns shall be the sole owner of intellectual property and other rights in connection with such Proprietary Information.
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Xxxxxxxxx agrees not to reproduce Proprietary Information in any format, except as necessary for Xxxxxxxxx’x performance of the Services hereunder. During the Term of this Agreement and after its termination, Xxxxxxxxx will keep in confidence and trust all Proprietary Information. Xxxxxxxxx shall not use, or disclose to any third party, Proprietary Information or anything related to such information without the prior written consent of Client, unless such actions are required in the ordinary course of performing the Services for Client pursuant to this Agreement or until and unless such information becomes public knowledge.
8. Injunctive Relief.
Because Xxxxxxxxx’x services are personal and unique and because Xxxxxxxxx may have access to and become acquainted with Client’s Proprietary Information, Client shall have the right to enforce this Agreement and any of its provisions by injunction, specific performance or other equitable relief without prejudice to any other rights and remedies that Client may have for a breach of this Agreement. The rights and remedies of Client hereunder are cumulative to, and not exclusive of, any rights or remedies which Client would otherwise have in law or at equity.
9. Intellectual Property.
Xxxxxxxxx agrees that any Inventions invented, conceived, made, or reduced to practice by Xxxxxxxxx, whether individually or with others, that (a) relate in any manner to the previous or existing business, work, or investigations of Client; (b) are or were suggested by, have resulted or will result from, or have arisen or will arise out of any work that Xxxxxxxxx has done or may do for or on behalf of Client; (c) have resulted or will result from or have arisen or will arise out of any materials or information that may have been disclosed or otherwise made available to Xxxxxxxxx as a result of duties assigned to Xxxxxxxxx by Client; or (d) have been or will be otherwise made through the use of Client’s time, information, facilities, or materials, even if conceived, created, developed, made, reduced to practice, or fixed during other than working hours (the “Consultant Inventions”), shall be assigned to and owned solely and exclusively by Client. Xxxxxxxxx agrees during the Term hereof, and at any time in the future following termination of this Agreement, to fully cooperate with, execute and complete to Client’s satisfaction any and all documents necessary for Client or any assignee of Client to secure and complete any patent applications with respect to such Consultant Inventions. Xxxxxxxxx agrees to sign any oath or other necessary documents within thirty (30) days when requested by Client for filing of such related patent applications on such Consultant Inventions if necessary. Xxxxxxxxx shall promptly report and disclose to Client or its designee, those Consultant Inventions invented, conceived, made or reduced to practice by Consultant, whether individually or with others, during the Term hereof.
If Client is unable, after reasonable effort, to secure Xxxxxxxxx’x signature on any document needed to apply for, prosecute or defend any patent or other intellectual property right or protection relating to a Consultant Invention, Xxxxxxxxx hereby designates and appoints Client and its duly authorized officers and agents as its agent and attorney in fact to execute, verify and file applications, and to do all other lawfully permitted acts necessary to protect Client’s intellectual property rights in Consultant Inventions with the same legal force and effect as if executed by Xxxxxxxxx.
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10. Restrictive Covenant.
(a) For the purposes of this Agreement “Restricted Area” shall mean any business located with a twelve (12) mile radius of 0000 Xxxxx Xxxx Xxxx, Xxxx, XX 00000; “Restricted Period” shall mean during the Term of this Agreement and one (1) year following the termination of this Agreement; “Affiliate” of, or a person “affiliated” with, a specified person, is (a) if such specified person is an entity a person that directly, or indirectly through one or more intermediaries, is under control of the person specified, and (b) if such specified person is an individual, then such specified person’s spouse, parents or lineal descendants (by birth or adoption); and “Competing Business” means any business relating to the development, manufacture, marketing and distribution of any product that competes during the Restricted Period with any low calorie and/or low sulfite wine products sold or substantially under development by Client during the Restricted Period.
(b) Xxxxxxxxx recognizes that: (i) Client’s entering into this Agreement is induced primarily because of the covenants and assurances made by Xxxxxxxxx hereunder, (ii) the covenant by Xxxxxxxxx not to solicit customers or employees and the covenant not to compete is necessary to assure the continuation of the business of Client, and (iii) irreparable harm and damage will be done to the established goodwill and business of Client in the event that Xxxxxxxxx competes with Client or solicits customers or employees. Therefore, in consideration of these premises, the Proprietary Information (as herein defined) provided by Client to Xxxxxxxxx (and so as to enforce Xxxxxxxxx’x agreement to maintain the confidentiality of the Proprietary Information), the payment by Client of Xxxxxxxxx’x compensation hereunder, and as an inducement for Client to enter into this Agreement and consummate the transactions hereunder, Xxxxxxxxx shall not, and shall cause its representatives, including but not limited to Xxxxx Xxxxxxxxx, and Affiliates not to, directly or indirectly, in the Restricted Area, engage or invest in, own, manage, operate, finance, control, participate in the ownership of, maintain any interest in (proprietary, financial or otherwise), be employed by, lend credit to, receive compensation, including royalties, from, or render services or advice to any person engaged in a Competing Business.
Notwithstanding the foregoing, the restrictions contained herein shall not restrict the acquisition, operation, management, consulting, or other commercial activity by Xxxxxxxxx, directly or indirectly in or with a winery, brewery, spirits, or other alcoholic beverage-industry business not concerning “low calorie” or “low sulfite” products or services.
(c) During the Restricted Period, Xxxxxxxxx shall not, and shall cause its representatives and/or Affiliates not to, directly or indirectly: (1) cause, induce or encourage any client, customer, supplier, or licensor of Client to terminate or modify any such relationship with Client; or (2) hire or solicit the employment or engagement (whether as an employee, consultant, or otherwise) of, or attempt to recruit for employment or engagement any individual employed by or contracting with Client or who was employed by or contracting with Client during the previous twelve (12) months prior to such hiring, solicitation or attempt to recruit. Notwithstanding the foregoing, nothing herein shall prevent (A) Xxxxxxxxx from making general advertisements for employment or services not directed at any such employee or contractor of Client or (B) from engaging professional advisors, including but not limited to lawyers, accountants and other tax professionals who were or are engaged to perform such professional services for Client.
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(d) During the Term, and unless approved by the Company in its sole discretion, Xxxxxxxxx shall not, and shall cause its representatives and/or Affiliates not to, directly or indirectly, arrange for, receive or accept commissions, finder’s fees, personal or business-related financial accommodations (other than accommodations for the benefit of Client) or compensation in any form from any individual, entity or business organization that is a customer of, or a supplier or other vendor to, Client that relates to the Services or to the production, distribution, marketing or sale of Client’s products. Xxxxxxxxx agrees to notify Client promptly of any proposal by a customer of, or a supplier or other vendor to, Client to pay or provide any such commissions, finder’s fees, financial accommodations or other compensation to Xxxxxxxxx. If Xxxxxxxxx or its representatives and/or Affiliates directly or indirectly receive or accept such commissions, finder’s fees, financial accommodations or other compensation in violation of this Section 10(d), then, in additional to other remedies available to Client, Xxxxxxxxx shall, or shall cause its representatives or Affiliates to, reimburse, pay-over and disgorge to Client the full amount of such commissions, finder’s fees, financial accommodations or other compensation.
(e) Xxxxxxxxx acknowledges that the restrictions contained in the three preceding paragraphs of this Agreement are reasonable and necessary to protect Client’s legitimate business interests, specifically including the protection of the goodwill of Client’s business (directly or indirectly), and that any violation of the preceding three paragraphs of this Agreement would result in irreparable injury to Client. In the event of a breach by Xxxxxxxxx of the three preceding paragraphs of this Agreement, Client shall be entitled to a temporary restraining order and injunctive relief restraining Xxxxxxxxx from the commission of any breach, without the necessity of posting a bond, cash or otherwise, in addition to all of Client’s other legal and equitable remedies. Xxxxxxxxx hereby represents to Client that Xxxxxxxxx has read and understands, and agrees to be bound by, the terms of the preceding three paragraphs of this Agreement and acknowledges that the geographic scope and duration of the covenants contained the preceding three paragraphs of this Agreement of this Agreement are fair and reasonable to protect the value of the goodwill of Client, in light of the amount of compensation, trade secrets and Proprietary Information that Xxxxxxxxx has or is receiving in connection with Xxxxxxxxx’x engagement. It is the desire and intent of the parties that the provisions of the preceding three paragraphs of this Agreement be enforced to the fullest extent permitted under applicable law, whether now or hereafter in effect and therefore, to the extent permitted by applicable law, Xxxxxxxxx and Client hereby waive any provision of applicable law that would render any provision of the preceding three paragraphs of this Agreement invalid or unenforceable. If any of the aforesaid restrictions are found by a court of competent jurisdiction to be unreasonable or otherwise unenforceable, the parties intend for the restrictions herein set forth to be modified by the court making such determination so as to be reasonable and enforceable and, as so modified, to be fully enforced. By agreeing to this contractual modification prospectively at this time, Client and Xxxxxxxxx intend to make this provision enforceable under the law or laws of all applicable jurisdictions so that the entire agreement not to compete and this Agreement as prospectively modified shall remain in full force and effect and shall not be rendered void or illegal.
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11. Indemnification.
Client and Xxxxxxxxx agree to defend, indemnify and hold harmless the other party, their employees, officers, directors, agents and affiliates, against any and all claims, actions, proceedings and suits and any and all liabilities, losses, damages, settlements, penalties, fines, costs or expenses (including reasonable attorneys’ fees and other litigation expenses) incurred or suffered by the other party arising out of or relating to any of the following: (a) a material breach of this Agreement by an indemnifying party; or (b) that indemnifying party’s own gross negligence or willful misconduct.
12. No Assignment.
This Agreement is not assignable by either party except with the prior written consent of the other party. This Agreement shall be binding on the successors and assigns of either party.
13. Limited Liability.
Any data, information, documents and the like furnished by Xxxxxxxxx to Client have been obtained by Xxxxxxxxx from sources believed to be reliable, are generally relied upon in the industry and Xxxxxxxxx believes the same to be accurate. However, Xxxxxxxxx can make no representation or warranty regarding the accuracy of any such data, information and document. Xxxxxxxxx shall not be liable to Client or to any individual or entity who may claim any right by virtue of the relationship between Xxxxxxxxx and Client, for any acts or omissions in the performance of the Services described herein on the part of Xxxxxxxxx or on the part of the agents or employees of Xxxxxxxxx; except when said acts or omissions of Xxxxxxxxx are due to Xxxxxxxxx’x material breach of this Agreement or Xxxxxxxxx’x xxxxx negligence or willful misconduct.
14. Severability.
Should a court of competent jurisdiction find that any part of this Agreement is unenforceable or invalid, that part alone shall be severed and the remainder of the Agreement shall remain in full force and effect.
15. Governing Law.
California law shall govern this Agreement, without reference to rules regarding conflicts of law. Any dispute arising under this agreement not subject to arbitration (as provided herein) shall be heard in a court of competent jurisdiction in Napa County, California.
16. Alternative Dispute Resolution.
If a dispute arises between the two parties, a meeting or teleconference shall be held promptly between the parties, attended by principals with decision-making authority regarding the dispute, to attempt in good faith to negotiate a resolution of the dispute. The parties agree to participate in good faith discussions for a period of fifteen (15) days. If the parties are not successful in resolving the dispute through good faith discussions, then the parties agree that the dispute shall be settled by binding arbitration in Napa County, California. The arbitration shall be conducted in accordance with the rules set forth in California Code of Civil Procedure sections 1280 et seq. There will be only one arbitrator appointed, who shall be a retired or former judge of either the US District Court or Northern District of California or the California Superior Court. If the parties are unable to agree upon an arbitrator, the arbitration shall be conducted by JAMS in accordance with the rules thereof. The arbitration award shall be binding up on the parties and a judgement or decree upon the award may be entered in any court having jurisdiction over the subject matter of the controversy.
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17. Attorneys’ Fees.
Should the parties commence any litigation or alternative dispute resolution concerning this Agreement, or the rights and duties of either in relation thereto, the party prevailing in such litigation shall be entitled to such other relief as may be granted, and to reasonable attorney’s fees and costs of suit.
18. Notices.
Whenever notice is to be served under this Agreement, service shall be made personally, by facsimile transmission, by electronic mail with confirmed receipt, by overnight courier, or by registered or certified mail, return receipt requested. Notice shall be effective only on receipt by the party being served, except notice shall be deemed received seventy-two (72) hours after posting by the United States Post Office in the manner described in this paragraph.
19. Counterparts.
This Agreement may be executed in any number of counterparts, each of which when so executed and delivered will be deemed an original. Facsimile or scanned signatures shall be valid as original signatures.
20. Waiver.
No waiver of any term, provision, or condition of this Agreement, whether by conduct or otherwise, in any one or more instances, shall be deemed to be or be construed as a further or continuing waiver of any such term, provision, or condition or as a waiver of any other term, provision, or condition of this Agreement.
21. Conflicts.
This Agreement shall control should any conflicts exist between any term herein and any term contained in any exhibit or addendum.
22. Captions; Interpretation.
The captions and headings in this Agreement are inserted only as a matter of convenience, and in no way define, limit or in any other way described the scope of this Agreement or the intent of any provision hereof. This Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting an instrument or causing any instrument to be drafted.
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23. Entire Agreement.
This Agreement, along with its exhibits, contains the entire agreement and understanding of the parties with respect to the subject matter of this Agreement, and merges and supersedes all prior agreements, discussions, and writings with respect to that subject matter, including but not limited to, the Original Agreement. No modification or alteration of this Agreement shall be effective unless made in writing and signed by both parties.
24. Financial Relationships.
Without the express written consent of Client, Xxxxxxxxx agrees that he shall not maintain, directly or indirectly, any financial interests or compensation arrangements with any entity, person or vendor which does business with Client that are any way related to the Services provided by Xxxxxxxxx to Client in this Agreement or relate to Client’s business, including without limitation, any financial interests or compensation arrangements as owner, employee, lessor, lessee, time share, independent contractor, manager, profits interest holder, or otherwise. In the event of a breach of this Section by Xxxxxxxxx, Client may immediately terminate this Agreement for “cause” as provided in Section 4 of this Agreement.
25. Access.
Xxxxxxxxx agrees to immediately provide Client with access to any and all information, records, correspondence and contact information for any person/entity related to, created, discovered, developed, prepared or made known in connection with the performance of the Services by Xxxxxxxxx pursuant to this Agreement upon request of Client. Further, Xxxxxxxxx agrees to introduce Client’s representatives to any vendor or business relationship contacts related to the Services provided hereunder upon request by Client and acknowledges and agrees that Client will be the exclusive manager of such relationships with full Xxxxxxxxx support.
Without the express approval of Client’s Chief Executive Officer, Xxxxxxxxx agrees not to communicate, orally or in writing, with any employee, partner or independent contractor of Client. If express approval is granted to communicate with Client’s employees, partners or independent contractors as part of the Services, Xxxxxxxxx agrees to limit such discussions to Client’s winemaking, wine quality and/or other approved matters.
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Signature Page Follows.
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IN WITNESS WHEREOF, the Parties have executed this Second Amended and Restated Consulting Agreement to be effective as of the date on which all of the Parties have fully executed it.
Xxxxxxxxx |
Client | |||
| Date: | 4/13/22 | Date: | 4/13/22 | |
| By: | /s/ Xxxxx Xxxxxxxxx | By: | /s/ Xxxxxxx Xxxxxxxx | |
| Xxxxx Xxxxxxxxx | Fresh Vine Wine, Inc. | |||
| Name: | Xxxxxxx Xxxxxxxx | |||
| Title: | CEO | |||
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