<SEC-DOCUMENT>0001199835-25-000229.txt : 20250703
<SEC-HEADER>0001199835-25-000229.hdr.sgml : 20250703
<ACCEPTANCE-DATETIME>20250703161239
ACCESSION NUMBER:		0001199835-25-000229
CONFORMED SUBMISSION TYPE:	424B2
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250703
DATE AS OF CHANGE:		20250703

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WILLAMETTE VALLEY VINEYARDS INC
		CENTRAL INDEX KEY:			0000838875
		STANDARD INDUSTRIAL CLASSIFICATION:	BEVERAGES [2080]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				930981021
		STATE OF INCORPORATION:			OR
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B2
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-288108
		FILM NUMBER:		251105677

	BUSINESS ADDRESS:	
		STREET 1:		8800 ENCHANTED WAY S E
		CITY:			TURNER
		STATE:			OR
		ZIP:			97392
		BUSINESS PHONE:		5035889463

	MAIL ADDRESS:	
		STREET 1:		8800 ENCHANTED WAY SE
		CITY:			TURNER
		STATE:			OR
		ZIP:			97392
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B2
<SEQUENCE>1
<FILENAME>wvvi_424b2.htm
<DESCRIPTION>WILLAMETTE VALLEY VINEYARDS, INC. FORM 424B2
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    <TD STYLE="width: 50%; text-align: right"><FONT STYLE="font-size: 10pt"><B>Filed Pursuant to</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt"><B>Prospectus Supplement to</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>Rule 424(b)(2)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt"><B>Prospectus Dated July 3, 2025</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>Registration No. 333-288108</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Willamette Valley Vineyards, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>$4,500,000<BR>
Series A Redeemable Preferred Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This prospectus supplement relates to the offer and
sale of up to 1,343,284 shares of our Series A Redeemable Preferred Stock, to be issued during three offering periods described in this
prospectus supplement. The sale price of the shares of Series A Redeemable Preferred Stock sold under this prospectus supplement will
be $3.35 per share for shares sold from July 7, 2025 to July 31, 2025, $3.45 per share for shares sold from August 1, 2025 to October
31, 2025 and $3.95 per share for shares sold from November 1, 2025 to December 31, 2025 Since no sales will be conducted through underwriters,
placement agents or broker-dealers in connection with this offering, the sale price will equal the net proceeds we receive in this offering.
The minimum subscription in this offering is for 150 shares, and unless waived by the Company in its sole discretion, the maximum subscription
is 5,000 shares. This offering is not subject to a minimum-proceeds closing condition, and the proceeds from sales of shares of our Series
A Redeemable Preferred Stock will be made available to the Company upon our acceptance of each subscription for such shares in this offering.
We may accept amounts less than those requested in your subscription, although we generally will not accept subscriptions for fewer than
150 shares. If we do accept less than a subscriber&#8217;s full purchase commitment, we will make every effort to manage under-allotments
on a basis we believe to be equitable and reasonable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our Series A Redeemable Preferred Stock will rank
senior in rights and preferences to our common stock and to any other class or series of our capital stock that does not indicate that
it is on par with or senior to our Series A Redeemable Preferred Stock. Holders of Series A Redeemable Preferred Stock purchased in this
offering will be entitled to receive dividends when and as declared by our board of directors out of funds legally available, at a rate
equal to $0.22 per share per year commencing on January 1, 2026 for shares of Series A Redeemable Preferred Stock sold in 2025. We also
have the option, but not the obligation, to redeem at any time all, but not less than all, of the then-outstanding shares of Series A
Redeemable Preferred Stock at a price of $4.28 per share plus accrued and unpaid dividends.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Prior to investing in this offering, potential subscribers
will be required to complete a questionnaire that will contain questions concerning such potential subscriber&#8217;s interest in becoming
a member of our wine club as well as other questions relating to the potential subscriber&#8217;s interest in participating in our other
business programs and/or endeavors. Although the offering will not be limited to potential subscribers who currently are, or intend to
become, a member of our wine club, or who indicate an intention to support our other business programs, because our board of directors
has determined that it is in our best interests to sell the Series A Redeemable Preferred Stock in this offering to subscribers who will
support our business efforts, we intend to give preference to prospective subscribers who are either current members of our wine club,
or intend to become members of our wine club, and who have indicated to us their intention to participate in our other business programs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This prospectus supplement sets forth the specific
terms of this offering and describes the terms of the Series A Redeemable Preferred Stock. You should read this prospectus supplement
and any future prospectus supplements carefully, including the information incorporated by reference herein and therein, before making
your investment decision.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Since the aggregate value of our voting and nonvoting
common equity held by non-affiliates as of the date hereof is $27,347,740, pursuant to General Instruction 1.B.6 of Form S-3 the aggregate
amount of securities to be sold pursuant to this prospectus supplement <U>may not</U> exceed $9,115,913 and, under this prospectus supplement,
<U>will not </U>exceed $4,500,000.&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our Series A Redeemable Preferred Stock are listed
on the Nasdaq Capital Market under the trading symbol &#8220;WVVIP&#8221;. However, as of the date of this prospectus supplement, trading
of these shares has been extremely limited since we initially listed this series of preferred shares on November 2, 2015, and you should
not presume that the listing of the shares of the Series A Redeemable Preferred Stock being offered in this offering on that exchange
will provide a liquid market for such securities. You should be prepared to withstand the risks of your investment in the shares of Series
A Redeemable Preferred Stock being offered hereby indefinitely and to bear the complete loss of your investment in such securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our common stock is listed on the Nasdaq Capital Market
under the symbol &#8220;WVVI&#8221;. <B>Our Series A Redeemable Preferred Stock is not convertible into or exchangeable for shares of
our common stock. </B>We are a smaller reporting company and as such are entitled to certain reduced public company reporting requirements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Investing in our preferred stock involves risks;
for more information please see &#8220;Risk Factors&#8221; beginning on page&nbsp;12 of this prospectus supplement, and the risk factors
incorporated herein from time to time by reference from our most recent Annual Report on Form 10-K and our most recent Quarterly Report
on Form 10-Q.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Neither the Securities and Exchange Commission nor
any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete.
Any representation to the contrary is a criminal offense.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">The date of this prospectus supplement is July 3, 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><B>TABLE OF CONTENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>PAGE</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="width: 95%"><FONT STYLE="font-size: 10pt"><A HREF="#a_001">About This Prospectus Supplement</A></FONT></TD>
    <TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 10pt">4</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD><FONT STYLE="font-size: 10pt"><A HREF="#a_002">Where You Can Find More Information</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">5</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD><FONT STYLE="font-size: 10pt"><A HREF="#a_003">Incorporation Of Certain Documents By Reference</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">5</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD><FONT STYLE="font-size: 10pt"><A HREF="#a_004">Special Note Regarding Forward-Looking Statements</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">6</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD><FONT STYLE="font-size: 10pt"><A HREF="#a_006">Risk Factors</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">12</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD><FONT STYLE="font-size: 10pt"><A HREF="#a_007">Use Of Proceeds</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">16</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD><FONT STYLE="font-size: 10pt"><A HREF="#a_008">Dividend Policy</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">17</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD><FONT STYLE="font-size: 10pt"><A HREF="#a_009">Redemption of Preferred Stock</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">17</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD><FONT STYLE="font-size: 10pt"><A HREF="#a_010">Description of Capital Stock</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">17</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD><FONT STYLE="font-size: 10pt"><A HREF="#a_011">Description of Future Classes or Series of Preferred Stock</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">22</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD><FONT STYLE="font-size: 10pt"><A HREF="#a_012">Plan of Distribution</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">26</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD><FONT STYLE="font-size: 10pt"><A HREF="#a_013">Legal Matters</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">28</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD><FONT STYLE="font-size: 10pt"><A HREF="#a_014">Experts</A></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">28</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><A NAME="a_001"></A>ABOUT THIS
PROSPECTUS SUPPLEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This prospectus supplement provides additional
information for inclusion in the prospectus filed as a part of a shelf registration statement on Form S-3 that has been declared
effective by the United States Securities and Exchange Commission (the &#8220;SEC&#8221;). The shelf registration statement permits
us to offer, and to issue and sell from time to time, various classes and series of equity and debt securities, including additional
shares of our Series A Redeemable Preferred Stock. This prospectus supplement does not include all of the information contained in
the registration statement, and in addition to reading this prospectus supplement in its entirety, you should carefully read the
registration statement, including the prospectus contained therein and the exhibits filed therewith, before making an investment
decision. The registration statement and other applicable documents can be read at the SEC website mentioned under the heading
&#8220;Where You Can Find More Information&#8221; below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Under this prospectus supplement and the registration
statement of which it forms a part, we intend to sell up to 1,343,284 shares of our Series A Redeemable Preferred Stock, no par value,
for an aggregate offering price of not more than $4,500,000. This offering will be conducted directly by us, without the participation
of an underwriter or selling group, through our executive officers and certain other officers. These individuals will not be compensated
for their participation in this offering. The number of shares offered hereby represents less than one-third of the aggregate market value
of our common equity held by non-affiliates measured as of the date of this prospectus supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This prospectus supplement only provides you with
a summary of the terms of the offering, a discussion of certain risk factors, a description of the Series A Redeemable Preferred Stock,
the expected use of proceeds of this offering, and plan of distribution. From time to time we may provide additional information about
this offering and the Series A Redeemable Preferred Stock being offered hereunder in one or more supplements to the base prospectus included
in the registration statement. A prospectus supplement may include a discussion or update of any risk factors or other special considerations
applicable to our company or to the Series A Redeemable Preferred Stock. The supplement also may add, update or change information contained
in this prospectus supplement. If there is any inconsistency between the information in this prospectus supplement and any prospectus
supplement filed after the date hereof, you should rely on the information in the subsequent prospectus supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">You should carefully read this prospectus supplement,
the registration statement and prospectus to which it applies, all documents that we incorporate by reference in the prospectus and in
this and any other prospectus supplement, and the additional information described below under &#8220;Where You Can Find More Information&#8221;
and &#8220;Incorporation of Certain Documents by Reference&#8221; before deciding to invest in our Series A Redeemable Preferred Stock.
You should rely only on the information contained in or incorporated by reference into this prospectus supplement. We have not authorized
any person to provide you with different information. If anyone provides you with different or inconsistent information, you should not
rely on it. This prospectus supplement is not an offer to sell these securities, and we are not soliciting an offer to buy these securities,
in any jurisdiction where the offer or sale is not permitted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">You should not assume that the information in the
prospectus, this or any other prospectus supplement, or any documents we incorporate by reference herein or therein is accurate as of
any date other than the date on the front of those documents. Our business, financial condition, results of operations and prospects may
have changed since those dates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Unless the context requires otherwise, references
to &#8220;Willamette Valley Vineyards,&#8221; the &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;our,&#8221; &#8220;ours&#8221; and &#8220;us&#8221;
are to Willamette Valley Vineyards, Inc. and its subsidiaries. Where these statements reflect knowledge, intentions, expectations or beliefs,
first-person pronouns refer to our executive management, and are based upon facts known and matters believed by those persons to be accurate
as of the date on the cover of the prospectus, prospectus supplement or other document, and not to any subsequent date. You should not
construe these statements as assurances of a given outcome or promises of an expected course of action.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><A NAME="a_002"></A>Where You
Can Find More Information</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We are subject to the public disclosure
requirements of the Securities Exchange Act of 1934, as amended, or the &#8220;Exchange Act.&#8221; In accordance with the Exchange
Act, we file and furnish certain reports, proxy statements and other information with the SEC. These documents and other information
that we file with or furnish to the SEC are available to the public free of charge at www.sec.gov. You may also read and copy any
document we file with the SEC, including the registration statement on Form S-3 of which this prospectus supplement forms a part,
and the exhibits thereto, on our website at www.wvv.com; however, none of the information contained in or linked through or from our
website is incorporated by reference into this prospectus supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><A NAME="a_003"></A><B>Incorporation
Of Certain Documents By Reference</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">SEC rules allow us to incorporate by reference into
this prospectus supplement much of the information we file with the SEC, which means that we can disclose important information to you
by referring you to publicly available documents. The information that we incorporate by reference into this prospectus supplement is
considered to be part of this prospectus supplement and the related prospectus. This prospectus supplement incorporates by reference the
documents listed below and any future filings we make with the SEC under Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act (in each
case, other than those documents or the portions of those documents deemed to be furnished and not filed in accordance with SEC rules)
until the offering of the securities under the registration statement of which this prospectus supplement forms a part is terminated or
completed:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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    <TD STYLE="width: 29px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">our Annual Report on Form&nbsp;10-K
    for the fiscal year ended December&nbsp;31, 2024 filed with the SEC on March&nbsp;25, 2025</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 29px"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 29px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">our Quarterly Report on
    Form&nbsp;10-Q for the three months ended March 31, 2025 filed with the SEC on May 13, 2025</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">our
    Definitive Proxy Statement filed with the SEC on May 30, 2025</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">our S-3 Registration Statement filed with the SEC on June 17, 2025</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 29px"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 29px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">our
                                            Current Reports on Form&nbsp;8-K filed with the SEC on May 1</FONT><FONT STYLE="font-size: 10pt">5,
                                            2025, June 2, 2025 and June 6, 2025</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Because we are incorporating by reference future filings
with the SEC, this prospectus supplement is continually updated, and later information filed with the SEC may update and supersede some
of the information included or incorporated by reference in this prospectus supplement. This means that you must look at all of the SEC
filings that we incorporate by reference to determine if any of the statements in this prospectus supplement or in any document previously
incorporated by reference have been modified or superseded.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We will provide without charge to each person to whom
this prospectus supplement is delivered, upon his or her written or oral request, a copy of any or all documents referred to above which
have been or may be incorporated by reference into this prospectus supplement but not delivered herewith, excluding exhibits to those
documents unless the exhibits are specifically incorporated by reference into those documents. You may request a copy of these documents
by writing or telephoning us at the following address:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">Willamette Valley Vineyards,
Inc.<BR>
8800 Enchanted Way SE<BR>
Turner, Oregon 97392<BR>
(503) 588-9463<BR>
Attention: Investor Relations (info@wvv.com)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_004"></A><FONT STYLE="text-transform: uppercase"><B>Special
Note Regarding Forward-Looking Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This prospectus supplement contains
&#8220;forward-looking statements&#8221; that represent our beliefs, expectations, projections and predictions about future events.
These statements are necessarily subjective and involve known and unknown risks, uncertainties and other important factors that
could cause our actual results, performance or achievements, or industry results, to differ materially from any future results,
performance or achievement described in or implied by such statements. Actual results may differ materially from the expected
results described in our forward-looking statements, including with respect to the correct measurement and identification of factors
affecting our business or the extent of their likely impact, the accuracy and completeness of publicly available information
relating to the factors upon which our business strategy is based or the success of our business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="background-color: white">In some cases,
forward-looking statements can be identified by terms such as &#8220;anticipates,&#8221; &#8220;believes,&#8221; &#8220;continue,&#8221;
&#8220;could,&#8221; &#8220;estimates,&#8221; &#8220;expects,&#8221; &#8220;intends,&#8221; &#8220;may,&#8221; &#8220;plans,&#8221; &#8220;potential,&#8221;
&#8220;predicts,&#8221; &#8220;projects,&#8221; &#8220;should&#8221; or &#8220;will&#8221; or the negative thereof, variations thereof
and similar expressions. Such statements are based on management&#8217;s current expectations and are subject to risks and uncertainties
which may cause actual results to differ materially from those set forth in the forward-looking statements. There can be no assurance
that such expectations or any of the forward-looking statements will prove to be correct, and actual results could differ materially from
those projected or assumed in the forward-looking statements. We urge you to carefully review the disclosures we make concerning risks
and other factors that may affect our business and operating results, including those made in the section of this Prospectus Supplement
entitled &#8220;Risk Factors,&#8221; and in &#8220;Item&nbsp;1A. Risk Factors&#8221; in our Annual Report on Form 10-K for the year ended
December&nbsp;31, 2024, and in our Quarterly Report on Form 10-Q for the periods ended March 31, 2025. Such risk factors may be updated
in subsequent SEC filings, as well as our other reports filed with the SEC and in any later prospectus supplement. We caution you not
to place undue reliance on forward-looking statements, which speak only as of the date of this prospectus </FONT>supplement <FONT STYLE="background-color: white">or
any subsequent prospectus supplement. We do not intend, and we undertake no obligation, to update any forward-looking information to reflect
events or circumstances after the date of this prospectus supplement or to reflect the occurrence of unanticipated events, unless required
by law to do so.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><A NAME="a_005"></A>Summary</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This summary contains a brief description of information
about this offering. It does not contain all the information you might deem important in deciding whether to invest in our Series A Redeemable
Preferred Stock, and you should carefully review this entire prospectus supplement, including the documents incorporated herein by reference
and particularly including the section below entitled &#8220;Risk Factors,&#8221; before making an investment decision. Further, where
this summary or other sections of this prospectus supplement purport to describe other instruments or documents, particularly including
but without limitation the provisions of our articles of incorporation and the description of the designations, preferences, limitations
and relative rights of our preferred stock, readers should recognize that those summaries are necessarily incomplete, and in each case
they are qualified in their entirety by reference to the actual text of such documents.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%; border: black 1pt solid; padding: 5pt"><FONT STYLE="font-size: 10pt"><B>The Offering</B></FONT></TD>
    <TD STYLE="width: 75%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This offering relates to the proposed issuance and
    sale of up to 1,343,284 shares of our Series A Redeemable Preferred Stock, no par value. These securities are being offered directly by
    the Company through its officers, none of whom will be compensated for their selling efforts and will be issued in three offering periods,
    which will close on December 31, 2025. We will issue shares of Series A Redeemable Preferred Stock on the subscriptions we accept during
    2025 on, or just prior to, December 31, 2025. During any offering period, we will in our sole discretion determine what subscriptions
    to accept on a basis we believe to be equitable and reasonable and in the best interests of the Company (including considering which potential
    subscribers are current members of, or intend to be members of, our wine club and who otherwise indicate a desire to participate in our
    business program).</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Prior to investing in this offering, potential subscribers
    will be required to complete a questionnaire that will contain questions concerning such potential subscriber&#8217;s interest in becoming
    a member of our wine club as well as such potential subscriber&#8217;s interest in participating in our other business programs and/or
    endeavors. Although the offering will not be limited to potential subscribers who currently are, or intend to become, a member of our
    wine club, or who intend to participate in our other business programs, because our board of directors has determined that it is in our
    best interests to sell the Series A Redeemable Preferred Stock in this offering to subscribers who will support our business efforts,
    we intend to give preference to prospective subscribers who are either current members of our wine club, or intend to become members of
    our wine club, and who indicate a desire to participate in our other business programs.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain financial rights of this Series A Redeemable
    Preferred Stock being offered in this offering are based upon the &#8220;original issue price&#8221; of the Series A Redeemable Preferred
    Stock, which is fixed at $4.15 per share, regardless of the date purchased or the price paid for such shares.</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 5pt"><FONT STYLE="font-size: 10pt"><B>Offering Dates and Pricing</B></FONT></TD>
    <TD COLSPAN="5" STYLE="border: black 1pt solid; padding: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We are a relatively small company and there is not,
    and there may never be, a liquid market for these securities. Although our Series A Redeemable Preferred Stock are listed for trading
    on the Nasdaq Capital Market, trading of these shares has been extremely limited since the November 2, 2015 original listing date, and
    you should not consider this a liquid market. As a result of not currently having a liquid trading market for our shares of Series A Redeemable
    Preferred Stock, our Series A Redeemable Preferred Stock has certain dividend and redemption features that utilize an original issue price
    of $4.15 per share, subject to adjustment in the event of any bonus issue, share dividend, share split subdivision, consolidation, combination
    or other similar recapitalization with respect to the Series A Redeemable Preferred Stock (the &#8220;Series A Original Issue Price&#8221;).
    This Series A Original Issue Price will be used to determine dividend amounts, amounts received upon a liquidation event and the redemption
    price for the Series A Redeemable Preferred Stock to be issued in this offering regardless of the issue date or the actual purchase price
    of such shares.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We intend to offer the shares of Series A Redeemable
    Preferred Stock during the following offering period at the corresponding price listed below:</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-left: black 1pt solid; padding-right: 5pt; padding-left: 5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center"><FONT STYLE="font-size: 10pt"><I>Dates Offered</I></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding-right: 5pt; padding-left: 5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: center"><FONT STYLE="font-size: 10pt"><I>Offering Price</I></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 5pt; padding-left: 5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 25%; border-left: black 1pt solid; padding-right: 5pt; padding-left: 5pt">&nbsp;</TD>
    <TD STYLE="width: 60%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #CCEEFF; padding-right: 5pt; padding-left: 5pt"><FONT STYLE="font-size: 10pt">July 7, 2025, to July 31, 2025</FONT></TD>
    <TD STYLE="width: 2%; border-bottom: black 1pt solid; background-color: #CCEEFF; padding-right: 5pt; padding-left: 5pt">&nbsp;</TD>
    <TD STYLE="width: 3%; border-bottom: black 1pt solid; background-color: #CCEEFF; padding-right: 5pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: black 1pt solid; background-color: #CCEEFF; padding-right: 5pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">3.35</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 2%; border-bottom: black 1pt solid; border-right: black 1pt solid; background-color: #CCEEFF; padding-right: 5pt; padding-left: 5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-right: 5pt; padding-left: 5pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5pt; padding-left: 5pt"><FONT STYLE="font-size: 10pt">August 1, 2025 to October 31, 2025</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5pt; padding-left: 5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">3.45</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; white-space: nowrap; padding-right: 5pt; padding-left: 5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-right: 5pt; padding-left: 5pt">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #CCEEFF; padding-right: 5pt; padding-left: 5pt"><FONT STYLE="font-size: 10pt">November 1, 2025 to December 31, 2025</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: #CCEEFF; padding-right: 5pt; padding-left: 5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: #CCEEFF; padding-right: 5pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: #CCEEFF; padding-right: 5pt; padding-left: 5pt; text-align: right"><FONT STYLE="font-size: 10pt">3.95</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: black 1pt solid; border-bottom: black 1pt solid; background-color: #CCEEFF; padding-right: 5pt; padding-left: 5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-left: black 1pt solid; padding: 5pt; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We will sell shares of Series A Redeemable Preferred
    Stock in this offering until we have reached the maximum number of shares authorized for sale in this prospectus supplement or management
    decides to accept less than the maximum number of shares authorized. If, at the end of the expiry of any offering period, the aggregate
    number of shares subscribed for in this offering exceed the aggregate number of shares available to be sold in this offering, we will
    allocate the remaining shares to subscribers on a basis we believe to be equitable and reasonable and in the best interests of the Company
    (including considering which potential subscribers are current members of, or intend to be members of, our wine club, and which potential
    subscribers intend to participate in our other business programs).</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Dividends on all shares sold in 2025 will begin to
    accrue on January 1, 2026. Consequently, purchasers of Series A Redeemable Preferred Stock in this offering will not be entitled to receive
    any dividends during 2025 on any shares of Series A Redeemable Preferred Stock purchased in this offering and no dividends will accrue
    during 2025.</P></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%; border: black 1pt solid; padding: 5pt"><FONT STYLE="font-size: 10pt"><B>Ranking</B></FONT></TD>
    <TD STYLE="width: 75%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 5pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Series A Redeemable Preferred Stock will rank
    senior in rights and preferences to our common stock and to any other class or series of our capital stock that does not indicate that
    it is on par with or senior to our Series A Redeemable Preferred Stock. Our Series A Redeemable Preferred Stock will rank junior in rights
    and preferences to any series of preferred stock issued in the future which provides that it is senior to our Series A Redeemable Preferred
    Stock.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Prospective investors should note that our articles
    of incorporation permit our board of directors to designate one or more classes or series of preferred stock from time to time in the
    future, and to establish the rights, preferences and limitations of each such class or series. Should our board of directors determine
    that it is in the best interests of the Company or our shareholders to designate and issue shares of preferred stock that have rights
    and preferences senior to those of the Series A Redeemable Preferred Stock, our board of directors may establish such rights and may issue
    such capital stock without the approval of holders of the Series A Redeemable Preferred Stock or any other class or series of our capital
    stock.</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 5pt"><FONT STYLE="font-size: 10pt"><B>Dividends</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt; border-right: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Series A Redeemable Preferred Stock will be entitled
    to receive dividends when and as declared by our board of directors out of funds legally available therefor, at a rate equal to $0.22
    per share per year (the &#8220;Annual Dividend&#8221;). Since the Annual Dividend on a newly issued share of Series A Redeemable Preferred
    Stock will commence on the first day of the calendar quarter following the issuance of such share, and all of the shares of Series A Redeemable
    Preferred Stock sold in the offering during 2025 are expected to be issued at or just prior to December 31, 2025, the Annual Dividend
    will accrue from January 1, 2026 on all shares of Series A Redeemable Preferred Stock sold in this offering in 2025.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Prospective investors should note that no right shall
    accrue to the holders of the shares of Series A Redeemable Preferred Stock by reason of the fact that the Annual Dividend is not declared
    in any prior year, nor shall any undeclared or unpaid Annual Dividend bear or accrue any interest or additional dividends. Dividends accrued
    but not paid will not bear interest or additional dividends but will be added to the liquidation preference of the Series A Redeemable
    Preferred Stock until declared and paid. If the Annual Dividend is declared and paid, such declaration will occur annually in the month
    of November. If declared, the dividend record date and payment will be in December for dividends accrued in that calendar year. The Company
    intends to pay any accumulated dividends in advance of any currently accrued dividends.</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%; border: black 1pt solid; padding: 5pt"><FONT STYLE="font-size: 10pt"><B>Payment Support</B></FONT></TD>
    <TD STYLE="width: 75%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 5pt; text-align: justify"><FONT STYLE="font-size: 10pt">The Series A Redeemable Preferred Stock will not be supported by a sinking fund or any other form of payment support, nor will they be entitled to participate specially in any aspect of our operations or assets.</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 5pt; width: 25%"><FONT STYLE="font-size: 10pt"><B>Liquidation Preference</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt; border-right: black 1pt solid; text-align: justify; width: 75%"><FONT STYLE="font-size: 10pt">Upon any merger, consolidation, sale of all or substantially all of the Company&#8217;s assets, reorganization (with certain exceptions for recapitalizations and similar events that do not affect the relative rights of the holders of our capital stock), or any other business combination, the effects of which include the liquidation or termination of the Series A Redeemable Preferred Stock, and following distributions to any class of senior securities, the holders of our Series A Redeemable Preferred Stock will be entitled to receive, prior and in preference to the holders of shares of common stock and any other junior class of securities, an amount in cash or other property equal to the Series A Original Issue Price, plus the Annual Dividend, plus any other dividends theretofore accrued but not paid (whether or not declared). Thereafter, the Series A Redeemable Preferred Stock will have no rights to further assets or distributions.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 5pt"><FONT STYLE="font-size: 10pt"><B>Redemption</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt; border-right: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has the option, but not the obligation,
    to redeem all, but not less than all, of the then-outstanding shares of Series A Redeemable Preferred Stock by delivering written notice
    to the holders of record thereof. That notice will state a redemption date, after which no further transfers of the Series A Redeemable
    Preferred Stock will be recorded on the Company&#8217;s stock transfer books, and after which no future dividends will accrue. Thereafter,
    upon surrender of the shares as so redeemed, the holder thereof will be entitled to receive an amount equal to (i) the Series A Original
    Issue Price; plus (ii) all accrued but unpaid dividends; plus (iii) a redemption premium equal to 3% of the Series A Original Issue Price.
    From and after the redemption date, except for the right of the holders to receive the redemption price discussed above without interest
    upon surrender of the certificates representing their shares of Series A Redeemable Preferred Stock, the holders thereof will not be entitled
    to dividends, interest or other earnings of any sort, whether or not their shares are promptly surrendered.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The redemption rights described above do not preclude
    the Company from purchasing outstanding shares of Series A Preferred Stock from time to time in open-market transactions or in a tender
    offer or other arrangement.</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 5pt"><FONT STYLE="font-size: 10pt"><B>Voting Rights</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt; border-right: black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">The Series A Redeemable Preferred Stock have very limited voting rights and generally apply only to matters for which class voting is applicable under the Oregon Business Corporation Act. Without limiting the generality of the foregoing, such shares are not entitled to vote in the election of directors. Holders of Series A Redeemable Preferred Stock voted on February 28, 2016, to eliminate the provision of our designation of rights, preferences and limitations of preferred stock that previously required the approval of those holders prior to the issuance of additional shares of Series A Redeemable Preferred Stock.</FONT></TD></TR>
  </TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%; border: black 1pt solid; padding: 5pt"><FONT STYLE="font-size: 10pt"><B>Protective Provisions</B></FONT></TD>
    <TD STYLE="width: 75%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 5pt; text-align: justify"><FONT STYLE="font-size: 10pt">Prospective investors are advised that the Company&#8217;s articles of incorporation permit our board of directors to designate and issue shares of preferred stock in one or more series having rights and preferences senior to the Series A Redeemable Preferred Stock, without the approval of the holders of any class of our capital stock.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 5pt"><FONT STYLE="font-size: 10pt"><B>Market Listing</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt; border-right: black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">We have listed the Series A Redeemable Preferred Stock on the Nasdaq Capital Market under the trading symbol &#8220;WVVIP&#8221;. However, even though we have listed the securities on the Nasdaq Capital Market, the number of shares and the market capitalization of the Series A Redeemable Preferred Stock is relatively small, and trading of these shares has been extremely limited since the shares were initially listed on November&nbsp;2, 2015. You should not presume that the listing on the Nasdaq Capital Market of the Series A Redeemable Preferred Stock being offered in this offering will mean that there will be a liquid market for such shares.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 5pt"><FONT STYLE="font-size: 10pt"><B>Corporate Information</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 5pt; border-right: black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">We are an Oregon incorporated company and our principal executive offices are located at 8800 Enchanted Way SE, Turner, Oregon 97392 (503) 588-9463.</FONT></TD></TR>
  </TABLE>

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

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><A NAME="a_006"></A><B>Risk Factors</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">An investment in our Series A Redeemable Preferred
Stock involves a variety of risks and uncertainties, any of which, if occurring alone or in combination, could cause material harm to
our business, could materially and adversely affect our financial condition, results of operations, and cash flows, or could otherwise
materially diminish the value of our capital stock. A list of the known risk factors that relate to our Series A Redeemable Preferred
Stock in particular are set forth immediately below under the heading, &#8220;Risks that Affect an Investment in Our Preferred Stock.&#8221;
Risks relating to the Company as a whole are included, and updated from time to time, in Item 1A &#8220;Risk Factors&#8221; of our Annual
Reports on Form 10-K and our Quarterly Reports on Form 10-Q. Such updates are incorporated herein by reference; however, readers should
note that as with other disclosures appearing in such reports and incorporated by reference into this prospectus supplement, such risk
factors are accurate only as of the date on the cover of the report, and the related events and circumstances are subject to change thereafter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Risks that Affect an Investment in Our Preferred Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>There is no established trading market for the
Series A Redeemable Preferred Stock, and such a market may never develop</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="background-color: white">The Series A
Redeemable Preferred Stock are listed on the Nasdaq Capital Market. However, since the shares were initially listed on November 2, 2015,
trading of these shares has been extremely limited. There is therefore no established trading market for these securities, and we cannot
offer assurances that any such market will ever develop. Further, even assuming the full subscription of this offering, the maximum number
of shares eligible for trading would be only 11,582,857. Further, there is no minimum number of shares that must be sold in order for
us to complete this offering. As a result, there will remain a very limited trading market for shares of our Series A Redeemable Preferred
Stock, and we therefore expect that the trading market will be very thin or substantially nonexistent. Accordingly, shareholders may find
it difficult or impossible to sell their shares for a price equal to or greater than the original purchase price, at a price that they
would consider reasonable, or at all. You should therefore not invest in our Series A Redeemable Preferred Stock unless you can withstand
a partial or complete lack of liquidity in your investment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>There may be times at which you can purchase Series
A Redeemable Preferred Stock from existing shareholders at prices less than the then-applicable offering price</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Annual Dividend will always be based on the Series
A Original Issue Price regardless of the purchase price paid for the Series A Redeemable Preferred Stock. The Annual Dividend rate of
$0.22 per share will not change regardless of the purchase price of the stock. We cannot guarantee that the proceeds from this offering
will be utilized in a manner that would enhance the value of our business, that the value of our business will increase during the course
of this offering, or that the risk of an investment in our Series A Redeemable Preferred Stock will decline as time progresses. As a result,
we cannot make assurances that during the course of the offering you could not buy shares of Series A Redeemable Preferred Stock from
another person at a price less than the offering price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>The offering price for, and the dividend rates
of, the Series A Redeemable Preferred Stock have been arbitrarily determined</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The offering price for the Series A Redeemable
Preferred Stock, as well as the dividend rate, have been determined arbitrarily by our board of directors based on qualitative
factors, such as a diminishing risk profile over time, which our board of directors believes are reasonable and appropriate. The
Company has not undertaken a detailed quantitative or qualitative analysis of these factors, nor has the Company or any investment
banker or other advisor made a determination as to the appropriateness of the offering prices or the dividend rate, which is fixed
and is not based on the offering price of the shares of Series A Redeemable Preferred Stock being offered in this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The purchase price for shares offered in this offering of Series A Redeemable
Preferred Stock could be purchased from existing shareholders at a lower price on the Nasdaq Capital Market or elsewhere. As such, you
should not rely upon the offering price or the dividend rate as an effective measure of the fair market value of such shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>The Company may be unable to pay accumulated dividends
on the Series A Redeemable Preferred Stock</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Series A Redeemable Preferred Stock bears a cumulative
dividend of $0.22 per share per annum. However, prior to the declaration and payment of dividends our board of directors must determine,
among other things, that funds are available out of the surplus of the Company and that the payment would not render us insolvent or compromise
our ability to pay our obligations as they come due in the ordinary course of business. Additionally, although the Company has no express
contractual restrictions to pay dividends, our existing credit facility limits, and future debt obligations may limit, both our legal
and our practical ability to declare and pay dividends in certain circumstances. As a result, although the Series A Redeemable Preferred
Stock will continue to earn a right to receive dividends, the Company&#8217;s ability to pay dividends will depend, among other things,
upon our ability to generate excess cash. Further, although shares of our Series A Redeemable Preferred Stock will earn cumulative dividends,
unpaid dividends will not, themselves, bear or accrue any interest (as might compounding interest on a debt security, for example).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>We may issue securities that have rights and preferences
senior to the Series A Redeemable Preferred Stock</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our articles of incorporation permit our board of
directors, with the approval of a majority of our outside directors, to designate one or more classes or series of preferred stock from
time to time in the future, and to establish the rights, preferences and limitations of each such class or series. Should our board of
directors determine that it is in the best interests of the Company or our shareholders to designate and issue shares of preferred stock
that have rights and preferences senior to those of the Series A Redeemable Preferred Stock, our board of directors, with the approval
of the majority of our outside directors, may establish such rights and may issue such capital stock without the approval of holders of
the Series A Redeemable Preferred Stock or any other class or series of our capital stock. Such rights and preferences may include dividend,
sinking-fund, redemption and liquidation features that may increase the risk that we will be unable to meet all our obligations to the
holders of Series A Redeemable Preferred Stock. They may also include a wide variety of other rights and preferences, such as voting rights,
protective provisions, and other governance rights that are not available to the holders of the Series A Redeemable Preferred Stock. Any
such actions may adversely affect the value or the price of the Series A Redeemable Preferred Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>We have the right, but not the obligation, to redeem
shares of Series A Redeemable Preferred Stock at a fixed price of $4.28 per share plus accrued and unpaid dividends. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We are currently entitled, but we are not required,
to redeem the shares of Series A Redeemable Preferred Stock at any time. If we decide to redeem these shares, we will do so by issuing
a redemption notice that will include the redemption date, and thereafter the Series A Redeemable Preferred Stock will no longer bear
dividends and will represent only the right to receive, upon delivery of such shares, an amount equal to the Series A Original Issue Price,
plus accrued and unpaid dividends, plus a redemption premium of 3% of the Series A Original Issue Price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Investors should be aware that a proposed
redemption of the shares may make it difficult or impossible to sell the shares for a price higher than the redemption price of
$4.28 per share, even if the market price for such shares had previously been higher. Further, an actual notice of redemption will
state the redemption date, after which all rights with respect to the outstanding shares of Series A Redeemable Preferred Stock
shall terminate (including rights to receive the Annual Dividend), except for the right to receive the redemption price upon the
surrender of the certificates representing the Series A Redeemable Preferred Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Holders of the Series A Redeemable Preferred Stock
may not receive Annual Dividends on their Series A Redeemable Preferred Stock.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Although we currently intend to declare and pay the
Annual Dividend in each year shares of Series A Redeemable Preferred Stock remain outstanding, the declaration of dividends will be made
at the discretion of our board of directors and consequently holders of the Series A Redeemable Preferred Stock do not have a right to
the perpetual payment of the Annual Dividend as the payment of the Annual Dividend will depend upon a number of factors, including our
liquidity, financial condition and results of operations, strategic growth plans, tax considerations, statutory and regulatory limitations
and general economic conditions. For the foregoing reasons, there can be no assurance that we will declare and pay the Annual Dividend
in any future period. Additionally, no right shall accrue to the holders of the shares of Series A Redeemable Preferred Stock by reason
of the fact that the Annual Dividend is not declared in any prior year, nor shall any undeclared or unpaid Annual Dividend bear or accrue
any interest or additional dividends.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>We may use the proceeds of this offering as working
capital </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Funds received from this offering will be made available
to the Company as general working capital, to be used as our board of directors determines. Moreover, an investment in our Series A Redeemable
Preferred Stock represents an investment in the Company as a whole, and not in a specific project or in any other aspect of our operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Shares of our Series A Redeemable Preferred Stock
are not convertible into common stock</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our Series A Redeemable Preferred Stock is not convertible
into or exchangeable for shares of our common stock, nor will it be so convertible or exchangeable at any time in the future. You should
only invest in our Series A Redeemable Preferred Stock, if at all, based upon your perceived value of our Series A Redeemable Preferred
Stock. Fluctuations in the value of our common stock will not directly affect the value of our Series A Redeemable Preferred Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Our Series A Redeemable Preferred Stock will participate
only to a limited extent in the distribution of our assets upon liquidation or upon a merger, consolidation, sale of assets, or other
business combination transaction</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Because our Series A Redeemable Preferred Stock is
not convertible into or exchangeable for shares of our common stock, its rights upon a liquidation of the Company are limited. The preferred
stock will receive the sum of the Series A Original Issue Price, the Annual Dividend, and any other accrued but unpaid dividends prior
to any payments or distributions to the holders of common stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Shares of our Series A Redeemable Preferred Stock
have very limited voting rights and, among other things, do not have the right to vote for the election of directors</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our Series A Redeemable Preferred Stock are nonvoting
except as required by the Oregon Business Corporation Act. As a holder of such preferred stock, you would not have the right to attend
meetings of the holders of common stock or to vote upon matters such as the election of directors, the approval of equity incentive plans,
or other arrangements which are subject to a vote of the common shareholders.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Our Series A Redeemable Preferred Stock is not
a debt instrument</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Although our Series A Redeemable Preferred Stock are
senior in preference to our common stock, they will be subordinated to all our debt obligations, both secured and unsecured. Our Series
A Redeemable Preferred Stock are not insured, are not guaranteed, are not supported by a sinking fund, and are not backed by any collateral
of any sort.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Certain of the rights applicable to owners of our
Series A Redeemable Preferred Stock do not have a quantifiable market value and cannot be sold or otherwise transferred separately from
shares of such stock</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Owners of our Series A Redeemable Preferred Stock
are entitled, by virtue of their ownership, to certain intangible benefits associated with an investment in our company. These benefits
include rights to participate in various discount programs, marketing incentives, and other rights. The value of these benefits, if any,
is indeterminable and is not associated with the number of shares of Series A Redeemable Preferred Stock one owns. Similarly, these rights
may not be transferred separately from our Series A Redeemable Preferred Stock. We have not attempted to establish a value for these benefits,
and we do not consider them material to the determination of the price or value of our Series A Redeemable Preferred Stock. Additionally,
we cannot guarantee that such benefits will continue to be offered or offered at all.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_007"></A><FONT STYLE="text-transform: uppercase"><B>Use Of Proceeds</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The primary purpose of this offering is to raise up
to an additional $4,500,000 of capital to support the Company&#8217;s working capital and may be used for general business purposes, including
the retirement of any Company debt and the repurchase of the Company&#8217;s common stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Shares of our Series A Redeemable Preferred Stock
are being sold in three offering periods, which will close on July 31, 2025, October 31, 2025 and December 31, 2025. Funds from accepted
subscriptions will be immediately available to the Company without restriction. Investors should not expect that the Company will receive
any minimum amount of capital from this offering, or that any minimum number or value of shares will be sold in this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><A NAME="a_008"></A><B>Dividend
Policy</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Holders of our Series A Redeemable Preferred Stock
are entitled to cumulative dividends accruing daily each year, at an annual rate of $0.22 per share, payable out of funds legally available
therefor, when and as approved by our board of directors. Dividends will accrue on the Series A Original Issue Price, which is currently
equal to $4.15 per share, regardless of the price actually paid to the Company upon original issuance of the shares in this offering,
and regardless of the price paid in the secondary market, if any. Prospective investors should note that no right shall accrue to the
holders of the shares of Series A Redeemable Preferred Stock by reason of the fact that the Annual Dividend is not declared in any prior
year, nor shall any undeclared or unpaid Annual Dividend bear or accrue any interest or additional dividends. The payment of dividends
will depend upon a number of factors, including our liquidity, financial condition and results of operations, strategic growth plans,
tax considerations, statutory and regulatory limitations and general economic conditions. For the foregoing reasons, there can be no assurance
that we will pay any dividends in any future period. Accrued but unpaid dividends other than the Annual Dividend, whether or not declared,
will be added to the liquidation preference until paid, but will not bear additional dividends or earn interest or similar returns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We have never paid dividends on our common stock
and we have no expectation to pay such dividends in the foreseeable future. We are not permitted to declare or pay dividends on our
common stock in any given calendar year unless and until we have paid the Annual Dividend owing on our Series A Redeemable Preferred
Stock in such year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><A NAME="a_009"></A>Redemption
of Preferred Stock</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is currently entitled to, at any time,
redeem all, but not less than all, of the Series&nbsp;A Redeemable Preferred Stock then outstanding. If a redemption occurs, we will notify
all holders of the Series A Redeemable Preferred Stock of record of the redemption (including the redemption date) electronically or by
mail not less than thirty (30) days prior to the redemption date. As of the redemption date, shares of Series A Redeemable Preferred Stock
will represent only the right to receive, upon surrender of the shares, an amount in cash equal to the Series A Original Issue Price,
together with (i) all theretofore accrued but unpaid dividends; and (ii) a redemption premium amounting to 3% of the Series A Original
Issue Price. The Series A Redeemable Preferred Stock will not earn dividends after the redemption date. As with other financial rights
of the Series A Redeemable Preferred Stock, the redemption price is based on the Series A Original Issue Price, which is currently $4.15
per share, regardless of the actual purchase price or the amount paid.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_010"></A><FONT STYLE="text-transform: uppercase"><B>Description
of Capital Stock</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We are authorized under our articles of incorporation,
as amended, to issue up to 100,000,000 shares of preferred stock, in one or more series as designated from time to time by our board of
directors, and up to 10,000,000 shares of common stock. As of July 3, 2025, there were 4,964,529&nbsp;shares of our common stock outstanding
and 10,239,573 shares of preferred stock outstanding. Assuming the full subscription of this offering, the issuance of the 1,343,284 shares
of preferred stock previously sold in 2025, and assuming no additional issuances of common stock during the pendency hereof, upon completion
this offering we would have outstanding a total of 4,964,529 shares of common stock, no par value, and 11,582,857&nbsp;shares of preferred
stock, no par value.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Preferred Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our articles of incorporation, as amended authorize
our board of directors to issue from time to time up to 100,000,000 shares of preferred stock in one or more series with the preferences,
limitations and relative rights thereof as may be fixed from time to time by the board of directors for each series before the issuance
of any shares of that series. In addition, after the board of directors has established a series of preferred stock, the board of directors
may increase or decrease the number of shares contained in the series, but not below the number of shares then issued, or eliminate the
series where no shares have been issued. Actions taken by our board of directors with regard to the authorization and issuance of preferred
stock require the approval of a majority of our outside directors. Our board of directors has determined that each of our directors other
than Mr. Bernau and Mr. Ellis is an &#8220;outside director&#8221; for purposes of authorizing the Series A Redeemable Preferred Stock
and setting forth the preferences, limitations and relative rights thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Series A Redeemable Preferred Shares</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Dividends</U>. Holders of the Series A Redeemable
Preferred Stock are entitled to receive, when, as and if declared by the board of directors, out of funds legally available for the payment
of dividends, cumulative cash dividends at the annual rate of $0.22 per share. Dividends on the Series A Redeemable Preferred Stock accrue
daily and are cumulative beginning on the first day of the calendar quarter following the issuance of such Series A Redeemable Preferred
Stock until the redemption date on the basis of such price. Accumulated dividends on our Series A Redeemable Preferred Stock will not
bear interest or further dividends, and holders of our Series&nbsp;A Redeemable Preferred Stock will not be entitled to any dividends
in excess of full cumulative dividends.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We will not declare, pay or set aside any dividends
on shares of common stock in any given year unless the holders of our Series&nbsp;A Redeemable Preferred Stock then issued and outstanding
shall have first received or will simultaneously receive the Annual Dividend.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Optional Redemption</U>. We currently may redeem
all, but not less than all, of the Series A Redeemable Preferred Stock at a redemption price equal to the Series A Original Issue Price
of such shares (regardless of the price paid for such shares), plus all accrued and unpaid Annual Dividends to the redemption date, plus
a redemption premium equal to 3% of the Series A Original Issue Price for the Series&nbsp;A Redeemable Preferred Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Ranking</U>. The Series&nbsp;A Redeemable Preferred
Stock ranks: (i) senior to the common stock and any other shares of stock that we may issue in the future where the terms of which specifically
provide that such stock ranks junior to the Series&nbsp;A Redeemable Preferred Stock, in each case with respect to payment of dividends
and amounts upon liquidation, dissolution or winding up (&#8220;junior shares&#8221;); (ii) equal to any shares of stock that we may issue
in the future, the terms of which specifically provide that such stock ranks on parity with the Series&nbsp;A Redeemable Preferred Stock,
in each case with respect to payment of dividends and amounts upon liquidation, dissolution or winding up (&#8220;parity shares&#8221;);
(iii) junior to all other shares of stock issued by us, the terms of which specifically provide that such stock ranks senior to the Series
A Redeemable Preferred Stock, in each case with respect to payment of dividends and amounts upon liquidation, dissolution or winding up
(&#8220;senior shares&#8221;); and (iv) junior to all our existing and future indebtedness.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Liquidation Preference</U>. If we merge, sell all
or substantially all of our assets (not including a transfer by pledge or mortgage to a bona fide lender) to a party other than a wholly-owned
subsidiary of the Company, reorganize, or effect any other business combination, the effects of which will result in the shareholders
of the Company immediately prior to such transaction holding less than a majority of the voting stock immediately after the transaction,
then the holders of the Series&nbsp;A Redeemable Preferred Stock will have the right to receive the Series A Original Issue Price per
share, plus the Annual Dividend, plus any other accrued and unpaid dividends (whether or not declared) to, but excluding, the date of
payment, before any payments are made to the holders of the common stock and any other junior shares, if any. The rights of the holders
of the Series A Redeemable Preferred Stock to receive the liquidation preference are subject to the proportionate rights of holders of
each other future series or class of parity shares and subordinate to the rights of senior shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Voting Rights</U>. Holders of the Series A&nbsp;Redeemable
Preferred Stock do not have any voting rights, except as otherwise required by the Oregon Business Corporation Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>No Maturity</U>. The Series A Redeemable Preferred
Stock does not have any stated maturity and is not subject to any sinking fund or mandatory redemption. Accordingly, the shares of the
Series A&nbsp;Redeemable Preferred Stock will remain outstanding indefinitely unless we decide to redeem them.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>No Conversion</U>. The Series A Redeemable Preferred
Stock is not, pursuant to its terms, convertible into or exchangeable for any other securities or property.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Special Benefits for Holders of Series A Redeemable
Preferred Stock</U>. Subject to the sole discretion of our board of directors, each holder of Series A Redeemable Preferred Stock may
be entitled to receive additional benefits, including but not limited to discounts on wine purchases made directly from the Company&#8217;s
winery, invitations to events, updates on winery developments, complimentary wine tastings in our tasting rooms, and private tours of
the winery. The Company can make no guarantees that the holders of the Series A Redeemable Preferred Stock will be entitled to receive
any of these additional benefits. Additionally, the value of these benefits, if any, is indeterminable and is not associated with the
number of shares of Series A Redeemable Preferred Stock one owns. Similarly, if granted, these rights may not be transferred separately
from our Series A Redeemable Preferred Stock. We have not attempted to establish a value for these benefits, and we do not consider them
material to the determination of the price or value of our Series A Redeemable Preferred Stock. If granted, we reserve the right to amend
or remove these benefits in the future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Common Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Voting Rights</U>. Holders of our common stock
are entitled to one vote for each share of common stock held of record on the applicable record date on all matters submitted to a vote
of shareholders. A corporate action voted on by shareholders generally is approved, provided a quorum is present, if the votes cast within
the voting group favoring the action exceed the votes cast opposing the action. Holders of our common stock are not entitled to cumulate
their votes in the election of directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Dividend Rights</U>. Holders of our common stock
are entitled to receive ratably such dividends, if any, as may be declared from time to time by our board of directors out of funds legally
available for that purpose, subject to any preferential dividend rights or other preferences granted to the holders of any of the then-outstanding
shares of preferred stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Rights Upon Liquidation</U>. In the event of our
liquidation, dissolution or winding up, whether voluntary or involuntary, the holders of our common stock are entitled to share ratably
in all remaining assets available for distribution to shareholders after payment of, or provision for, our liabilities, subject to prior
distribution rights of shares of our preferred stock, if any, then outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Preemptive Rights</U>. Holders of our common stock
do not have any preemptive rights to purchase, subscribe for or otherwise acquire any unissued shares or our other securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Transfer Agent and Registrar</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The transfer agent and registrar for our Series A
Redeemable Preferred Stock and for our common stock is Equiniti Trust Company (&#8220;Equiniti&#8221;) Equiniti&#8217;s address is: 1110
Centre Pointe Curve, Suite 101, Mendota Heights MN 55120-4100, and its telephone number is: 1-800-468-9716.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Nasdaq Listing</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Series A Redeemable Preferred Stock is presently
listed on the Nasdaq Capital Market under the symbol &#8220;WVVIP&#8221;. However as of the date of this prospectus supplement, trading
of these shares has been extremely limited since we initially listed this series of preferred shares on November 2, 2015, and you should
not presume that the listing of the shares of the Series A Redeemable Preferred Stock being offered in this offering on the Nasdaq Capital
Market will provide a liquid market for such securities. Moreover, the public float, number of shares and market capitalization of this
class of securities will continue to be relatively limited, and it is unlikely a liquid market will develop for these shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our common stock is listed on the Nasdaq Capital Market
under the symbol &#8220;WVVI.&#8221; Shares of our Series&nbsp;A Redeemable Preferred Stock are not convertible into or exchangeable for
shares of our common stock, now or at any time in the future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Anti-Takeover Effects of our Articles of Incorporation
and Bylaws and of Oregon Law</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our charter documents and the Oregon Business Corporation
Act (the &#8220;Act&#8221;), contain provisions that may have the effect of discouraging, delaying or preventing a change in control or
an unsolicited acquisition proposal that a shareholder might consider favorable, including a proposal that might result in the payment
of a premium over the market price for the shares held by our shareholders. Certain of these provisions are summarized in the following
paragraphs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Authorized but Unissued Shares of Common Stock
and Preferred Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We are authorized under our articles of incorporation,
as amended, to issue up to 100,000,000 shares of preferred stock, in one or more series as designated from time to time by our board of
directors, with the approval of a majority of our outside directors, and up to 10,000,000 shares of common stock.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Cumulative Voting</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">No cumulative voting for directors is permitted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Increase in the Number of Directors</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In accordance with our corporate bylaws, our board
of directors shall be comprised of between a minimum of two (2) and a maximum of eleven (11) directors as determined from time to time
by our board of directors. The number of directors may be increased or decreased from time to time by amendment of our corporate bylaws,
but no decrease shall have the effect of shortening the term of any incumbent director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Staggered Board of Directors; Removal of Directors</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We have a staggered board of directors. Our board
of directors is divided into three groups with each director holding office until the next annual meeting of shareholders following the
end of their three year term, and until her or his successors has been elected and qualified. All or any number of the directors may be
removed, for cause, at a meeting expressly called for that purpose by a vote of the holders of the majority of the shares then entitled
to vote at an election of directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Advance Notice Requirements for Shareholder Proposals
and Director Nominations</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">To be timely, a shareholder&#8217;s notice relating
to an annual meeting shall be delivered to our secretary at our principal executive offices not less than 90 nor more than 120 days prior
to the first anniversary of the date on which we first mailed our proxy materials for the preceding year&#8217;s annual meeting of shareholders.
However, if the date of such annual meeting is advanced by more than 30 days prior to or delayed by more than 30 days after the anniversary
of the preceding year&#8217;s annual meeting, then notice by the shareholder to be timely must be delivered to our secretary at our principal
executive offices not later than the close of business on the later of (i) the 90<SUP>th</SUP> day prior to such annual meeting or (ii)
the 15th day following the day on which public announcement of the date of such meeting is first made.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Special meetings of the shareholders may be called
by the Company&#8217;s president or by the Company&#8217;s board of directors and shall be called by the Company&#8217;s president (or
in the event of absence, incapacity, or refusal of the Company&#8217;s president, by the Company&#8217;s secretary or any other officer)
at the request of the holders of not less than one-half of all the outstanding shares of the Company&#8217;s common stock entitled to
vote at the meeting. Prospective investors should note that because the Series A Redeemable Preferred Stock has no voting rights except
as required by law, the holders thereof, separately or in the aggregate, have no right to call a special meeting of shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Anti-Takeover Effects of Oregon Law</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Oregon law contains certain provisions that may
have the effect of delaying, deterring or preventing a change in control of the Company. ORS 60.801 to ORS 60.816 imposes certain
restrictions upon the voting of shares acquired in &#8220;control share acquisitions&#8221; and limits a shareholder&#8217;s ability
to vote in favor of a business combination when that shareholder has acquired shares of voting stock in excess of a specified
percentage of the voting stock of a public company. Additionally, ORS 60.825 to ORS 60.845 prohibits us, with certain exceptions,
from engaging in certain significant business transactions with an &#8220;interested shareholder&#8221; (including, in certain
situations, a person who owns 15% or more of our outstanding voting stock) for a period of three years following such person&#8217;s
share acquisition date. The prohibited business combinations include, among others, a merger or share exchange with the interested
shareholder. This statutory prohibition is not applicable if: (i) prior to the date the shareholder become an interested shareholder
our board of directors approved either the business combination or the transaction which resulted in the shareholder becoming an
interested shareholder, or (ii) subsequent to the date the shareholder become an interested shareholder, the business combination is
approved by our board of directors and authorized at an annual or special meeting of our shareholders by the affirmative vote of at
least 66-2/3 percent of our outstanding voting stock which is not owned by the interested shareholder. These statutory provisions
may have the effect of delaying, deterring or preventing a change in control of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><A NAME="a_011"></A><B>Description
of Future Classes or Series of Preferred Stock</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">After giving effect to the designation of the Series
A Redeemable Preferred Stock, as amended, our articles of incorporation entitle us to issue additional shares of preferred stock in one
or more series upon the approval of our board of directors, with the approval of a majority of our outside directors but in certain instances
without the approval of the holders of the Series A Redeemable Preferred Stock. The following outlines the general provisions of the shares
of currently undesignated preferred stock that we may offer from time to time. The specific terms of a series of preferred stock will
be described in the applicable prospectus supplement relating to that series of preferred stock. The following description of the preferred
stock and any description of preferred stock in a prospectus supplement is only a summary and is subject to and qualified in its entirety
by reference to the articles of amendment to our articles of incorporation, as amended, relating to the particular series of preferred
stock, a copy of which we will file with the SEC in connection with the sale of any series of preferred stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>General</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Under our articles of incorporation, as amended, our
board of directors is authorized, without shareholder approval, to adopt resolutions providing for the issuance of up to 100,000,000 shares
of preferred stock, no par value, in one or more series. As of the date of this prospectus supplement, 10,239,573 shares of our Series
A Redeemable Preferred Stock are issued and outstanding, and other than for the Series A Redeemable Preferred Stock, no other class or
series of preferred stock has been designated or authorized for issuance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our board of directors may fix the voting powers,
designations, preferences, rights, qualifications, limitations and restrictions of any future series of preferred stock that we may offer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The specific terms of that series
may include:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">the title, designation, number of shares and stated or liquidation value of the preferred stock;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">the dividend amount or rate or method of calculation, the payment dates for dividends and the place or places where the dividends will be paid, whether dividends will be cumulative or noncumulative, and, if cumulative, the dates from which dividends will begin to accrue;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">any conversion or exchange rights;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">whether the preferred stock will be subject to redemption and the redemption price and other terms and conditions relative to the redemption rights;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">any liquidation rights;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">any sinking fund provisions;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">any voting rights;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">the exchange or market, if any, where the preferred stock will be listed or traded; and</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">any other rights, preferences, privileges, limitations and restrictions that are not inconsistent with the terms of our articles of incorporation, as amended.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Upon the issuance and payment for shares of preferred
stock, the shares will be fully paid and nonassessable. Except as otherwise may be specified in the prospectus supplement relating to
a particular series of preferred stock, holders of preferred stock will not have any preemptive or subscription rights to acquire any
class or series of our capital stock and each series of preferred stock will rank on a parity in all respects with each other series of
our preferred stock and prior to our common stock as to dividends and any distribution of our assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The authorization of the preferred stock could have
the effect of making it more difficult or time consuming for a third party to acquire a majority of our outstanding voting stock or otherwise
effect a change of control. Shares of the preferred stock may also be sold to third parties that indicate that they would support the
board of directors in opposing a hostile takeover bid. The availability of the preferred stock could have the effect of delaying a change
of control and of increasing the consideration ultimately paid to our shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our board of directors may authorize the issuance
of preferred stock for capital-raising activities, acquisitions, joint ventures or other corporate purposes that have the effect of making
an acquisition of Willamette Valley Vineyards more difficult or costly, as could also be the case if our board of directors were to issue
additional common stock for such purposes. See &#8220;Description of Capital Stock&nbsp;&#8211; Anti-Takeover Effects of our Articles
of Incorporation and Bylaws and of Oregon Law.&#8221;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Redemption</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If so specified in the applicable prospectus supplement,
a series of preferred stock may be redeemable at any time, in whole or in part, at our option, and may be mandatorily redeemable or convertible.
Restrictions, if any, on the repurchase or redemption by us of any series of our preferred stock will be described in the applicable prospectus
supplement relating to that series. Any partial redemption of a series of preferred stock would be made in the manner described in the
applicable prospectus supplement relating to that series.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Upon the redemption date of shares of preferred stock
called for redemption or upon our earlier call and deposit of the redemption price, all rights of holders of the preferred stock called
for redemption will terminate, except for the right to receive the redemption price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Dividends</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Holders of each series of preferred stock will be
entitled to receive cash dividends only when, as and if declared by our board of directors out of funds legally available for dividends.
The rates or amounts and dates of payment of dividends will be described in the applicable prospectus supplement relating to each series
of preferred stock. Dividends will be payable to holders of record of preferred stock on the record dates fixed by our board of directors.
Dividends on any series of preferred stock may be cumulative or noncumulative, as described in the applicable prospectus supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our board of directors may not declare, pay or set
apart funds for payment of dividends on a particular series of preferred stock unless full dividends on any other series of preferred
stock that ranks equally with or senior to such series of preferred stock with respect to the payments of dividends have been paid or
sufficient funds have been set apart for payment for either of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">all prior dividend periods of each such series of preferred stock that pay dividends on a cumulative basis; or</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">the immediately preceding dividend period of each such series of preferred stock that pays dividends on a noncumulative basis.</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Partial dividends declared on shares of any series
of preferred stock and other series of preferred stock ranking on an equal basis as to dividends will be declared pro rata. A pro rata
declaration means that the ratio of dividends declared per share to accrued dividends per share will be the same for all series of preferred
stock of equal priority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Liquidation Preference</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In the event of the liquidation, dissolution or winding-up
of us, holders of each series of preferred stock will have the right to receive distributions upon liquidation in the amount described
in the applicable prospectus supplement relating to each series of preferred stock, plus an amount equal to any accrued but unpaid dividends.
These distributions will be made before any distribution is made on our common stock or on any securities ranking junior to such preferred
stock upon liquidation, dissolution or winding-up.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">However, holders of the shares of preferred stock
will not be entitled to receive the liquidation price of their shares until we have paid or set aside an amount sufficient to pay in full
the liquidation preference of any class or series of our capital stock ranking senior as to rights upon liquidation, dissolution or winding
up. Unless otherwise provided in the applicable prospectus supplement, neither a consolidation or merger of Willamette Valley Vineyards
with or into another corporation nor a merger of another corporation with or into Willamette Valley Vineyards nor a sale or transfer of
all or part of Willamette Valley Vineyards&#8217; assets for cash or securities will be considered a liquidation, dissolution or winding
up of Willamette Valley Vineyards.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If the liquidation amounts payable to holders of preferred
stock of all series ranking on a parity regarding liquidation are not paid in full, the holders of the preferred stock of these series
will have the right to a ratable portion of our available assets up to the full liquidation preference. Holders of these series of preferred
stock or such other securities will not be entitled to any other amounts from us after they have received their full liquidation preference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Conversion and Exchange</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A prospectus supplement will indicate whether and
on what terms the shares of any future series of preferred stock will be convertible into or exchangeable for shares of any other class,
series or security of Willamette Valley Vineyards or any other corporation or any other property (including whether the conversion or
exchange is mandatory, at the option of the holder or our option, the period during which conversion or exchange may occur, the initial
conversion or exchange price or rate and the circumstances or manner in which the amount of common or preferred stock or other securities
issuable upon conversion or exchange may be adjusted). It will also indicate for preferred stock convertible into common stock, the number
of shares of common stock to be reserved in connection with, and issued upon conversion of, the preferred stock (including whether the
conversion or exchange is mandatory, the initial conversion or exchange price or rate and the circumstances or manner in which the amount
of common stock issuable upon conversion or exchange may be adjusted) at the option of the holder or our option and the period during
which conversion or exchange may occur.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Voting Rights</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The holders of shares of preferred
stock will have no voting rights, except:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">as otherwise stated in the applicable prospectus supplement;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">as otherwise stated in the articles of amendment to our articles of incorporation establishing the series of such preferred stock; and</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">as otherwise required by applicable law.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Transfer Agent and Registrar</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The transfer agent, registrar, dividend paying agent
and depositary, if any, for any preferred stock offering will be stated in the applicable prospectus supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_012"></A><FONT STYLE="text-transform: uppercase"><B>Plan of
Distribution</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We may sell the Series A Redeemable Preferred Stock
offered pursuant to this prospectus supplement and any subsequent prospectus supplements from time to time in one or more transactions
through our officers and directors, none of whom will be compensated for their participation in this offering. There will be no sales
through underwriters, placement agents or broker-dealers in connection with this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our Series A Redeemable Preferred Stock will be offered
at the price indicated in the following table:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 60%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Beginning Date</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Ending Date</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-top: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><FONT STYLE="font-size: 10pt"><B>Price per Share<SUP>(*)</SUP></B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 39%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 5pt"><FONT STYLE="font-size: 10pt">July 7, 2025</FONT></TD>
    <TD STYLE="width: 39%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-left: 5pt"><FONT STYLE="font-size: 10pt">July 31, 2025</FONT></TD>
    <TD STYLE="text-align: right; width: 5%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="width: 15%; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">3.35</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 2%; border-bottom: black 1pt solid; border-right: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 5pt"><FONT STYLE="font-size: 10pt">August 1, 2025</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-left: 5pt"><FONT STYLE="font-size: 10pt">October 31, 2025</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">3.45</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; border-right: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 5pt"><FONT STYLE="font-size: 10pt">November 1, 2025</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-left: 5pt"><FONT STYLE="font-size: 10pt">December 31, 2025</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">3.95</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; border-right: black 1pt solid">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0px">&nbsp;</TD>
    <TD STYLE="width: 29px"><FONT STYLE="font-size: 10pt">(*)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The Series A Original Issue Price for purposes of dividend and redemption computations will be $4.15 per share, which is the price paid in the initial offering of this series, regardless of the price paid in this offering.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Although our shares of Series A Redeemable Preferred
Stock are currently traded on the NASDAQ Capital Market, because these shares are very thinly traded on such exchange, our board of director
believes that the market price of our Series A Redeemable Preferred Stock on the NASDAQ Capital Market does not accurately reflect the
actual fair market value of these shares. Consequently, our board of director has developed its own valuation criteria, which includes
the dividend rate payable on the Series A Redeemable Preferred Stock and experience from previous offerings to establish the offering
price of the shares of Series A Redeemable Preferred Stock to be offered in this offering, rather than the price of the class of such
shares on the NASDAQ Capital Market. Accordingly, prospective investors should recognize that the prices of each series of the Series
A Redeemable Preferred Stock have been determined arbitrarily, and there can be no assurance that an investor purchasing such shares could
sell the shares at a price equal to or greater than the prices listed above, or at all.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We will sell shares of Series A Redeemable Preferred
Stock in this offering until we have reached the maximum number of shares authorized for sale in this prospectus supplement or management
decides to accept less than the maximum number of shares authorized. If, at the end of the expiry of any offering period, the aggregate
number of shares subscribed for in this offering exceed the aggregate number of shares available to be sold in this offering, we will
allocate the remaining shares to subscribers on a basis we believe to be equitable and reasonable and in the best interests of the Company
(including considering which potential subscribers are current members of, or intend to be members of, our wine club, and which potential
subscribers intend to participate in our other business programs), and we will stop accepting further subscriptions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Prior to investing in this offering, potential
subscribers will be required to complete a questionnaire that will contain questions concerning such potential subscriber&#8217;s
interest in becoming a member of our wine club as well as such potential subscriber&#8217;s interest in participating in our other
business programs and/or endeavors. Although the offering will not be limited to potential subscribers who currently are, or intend
to become, a member of our wine club, and who express a desire to participate in our other business programs and/or endeavors,
because our board of directors has determined that it is in our best interests to sell the Series A Redeemable Preferred Stock in
this offering to subscribers who will support our business efforts, we intend to give preference to prospective subscribers who are
either current members of our wine club, or intend to become members of our wine club, and who express a desire to participate in
our other business programs and/or endeavors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Funds</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Funds received in this offering for accepted subscriptions
will be delivered directly to the Company without restriction. Our transfer agent will cause the issuance and delivery of all of the Series&nbsp;A
Redeemable Preferred Shares sold in this offering to be made on, or just prior to, December 31, 2025, and such dates will be used as the
issuance date for the purposes of determining entitlement to dividends, liquidation preference, and related matters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Indemnification; Exculpation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our officers and directors who act as issuer salespersons
in connection with this offering are entitled to indemnification for any action or claim brought against them in connection with their
service on behalf of the Company, including without limitation their participation in this offering. Our articles of incorporation also
contain provisions that exculpate our officers, directors and agents from liabilities to the Company except in cases of gross negligence
or willful misconduct, subject to certain limitations arising under federal and state securities laws. In addition, our chief executive
officer, Mr. Bernau, is a party to an indemnification agreement pursuant to which the Company is required to extend broad-based indemnification
to him and certain of his affiliates and immediate family members. These arrangements entitle these individuals to indemnification against
and contribution toward certain civil liabilities, including liabilities under the Securities Act of 1933, as amended, or to contribute
with respect to payments that these persons may be required to make.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Stabilization</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In connection with many public offerings of securities,
underwriters and selling group members and their respective affiliates may engage in transactions that stabilize, maintain or otherwise
affect the market price of the applicable securities. These transactions are intended to have the effect of limiting the volatility of
securities sold during a specified period following the completion of an underwritten offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Investors in this offering are cautioned that this
offering will not include the participation of an underwriter or selling group, and there will be no stabilizing transactions in the aftermarket
for the Series A Redeemable Preferred Stock. As a result, any events that might promote a relative excess of sales (in comparison to a
market for purchases) may have a more significant adverse impact upon prospective selling prices and, in fact, on opportunities to sell
regardless of price, than might a firmly underwritten offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><A NAME="a_013"></A>Legal Matters</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain legal matters in connection with the securities
offered hereby will be passed upon for us by Davis Wright Tremaine LLP, Portland, Oregon, and Sheppard Mullin Richter &amp; Hampton LLP,
Los Angeles, California<FONT STYLE="color: red">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><A NAME="a_014"></A><B>Experts</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="background-color: white">The
financial statements of Willamette Valley Vineyards, Inc. incorporated in this Registration Statement on Form S-3 by reference from the
Annual Report on Form 10-K of the Company for the year ended December 31, 2024 have been audited by Baker Tilly US, LLP (formerly, Moss
Adams LLP), an independent registered public accounting firm, as stated in their report, which is incorporated herein by reference. Such
financial statements have been so incorporated in reliance upon the report of such firm given their authority as experts in accounting
and auditing.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

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