Exhibit 10.40
SECOND AMENDMENT TO DEVELOPMENT MANAGEMENT AGREEMENT
This Second Amendment to Development Management Agreement (this “Amendment”) is
made and entered into effective as of March 25, 2016 (the “Amendment Date”), by
and between STREAM REALTY PARTNERS-DFW, L.P., a Texas limited partnership
(“Developer”), and FARMER BROS. CO., a Delaware corporation (“Tenant”).
RECITALS
A.    Developer and Tenant entered into that certain Development Management
Agreement dated as of July 17, 2015, as amended by that certain First Amendment
to Development Management Agreement dated as of January 5, 2016 (as amended,
supplemented or otherwise modified, the “Development Agreement”), regarding the
Project to be constructed on approximately 28.132 acres of land leased by Tenant
and located at the northeast corner of Interstate 35 and State Highway 114 in
the Town of Northlake, Denton County, Texas, as more particularly described in
the Development Agreement. Capitalized terms used herein and not defined herein
shall have the meanings given to them in the Development Agreement.
B.    Developer and Tenant desire to amend the Development Agreement to
acknowledge the satisfaction of the Project Commencement Conditions.
AGREEMENTS
NOW, THEREFORE, for and in consideration of the mutual covenants herein
contained and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged by each party hereto, Developer and Tenant
hereby agree as follows:
1.Satisfaction of Project Commencement Conditions. Pursuant to Section 1.3 of
the Development Agreement, Developer and Tenant acknowledge and agree that as of
the Amendment Date the Project Commencement Conditions have been satisfied as
follows:
(a)    Approval of Project Commencement Items.
(1)    Approved Plans. Developer and Tenant have approved (a) RGA Architects
Plans for the Farmer Brothers Company New Corporate Headquarters, GMP Set dated
February 1, 2016, and sealed on October 16, 2015, (b) Gensler Architects Plans
for Farmer Brothers Coffee Corporate HQ Relocation, GMP Set dated December 31,
2015, issued for Revised Pricing (not stamped), and (c) GMP Specifications,
Farmer Brothers Company, New Corporate Headquarters, issued to EMJ Corporation
on February 1, 2016, and agree that same collectively constitutes the “Approved
Plans” under the Development Agreement.
(2)    Approved Project Budget. Developer and Tenant have approved the project
budget attached hereto as Exhibit “A”, and agree that same constitutes the
“Approved Project Budget” under the Development Agreement.

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(3)    Approved Project Schedule. Developer and Tenant have approved the project
schedule attached hereto as Exhibit “B”, and agree that same constitutes the
“Approved Project Schedule” under the Development Agreement.
(4)    Scheduled Completion Date. Developer and Tenant agree that the Scheduled
Completion Date is September 20, 2016, as set forth in the Construction
Contracts.
(5)    Construction Contracts. Developer and Tenant have approved the Standard
Form of Agreement between Owner and Design-Builder, AIA Document A141-2014,
between Tenant, as Owner, and EMJ Corporation, as Design-Builder, dated as of
September 4, 2015, as amended by that certain Guaranteed Maximum Price
Amendment, AIA Document A133 – 2009 Exhibit A, dated as of March 11, 2016, and
agree that same collectively constitutes the “Construction Contracts” under the
Development Agreement.
(6)    Contract Documents. Developer and Tenant have approved all Contract
Documents that are in effect as of the Amendment Date.
(b)    Building Permit. An unconditional building permit for the construction of
the Project was issued by the Town of Northlake on October 20, 2015, a copy of
which is attached hereto as Exhibit “C”.
(c)    Notice to Proceed. Tenant gave a notice to proceed to commence work under
the General Contract on September 8, 2015, a copy of which is attached hereto as
Exhibit “D”.
2.    Amendment to Definition of “Lease”. The definition of term “Lease” in
Recital A of the Development Management Agreement is hereby amended to mean that
certain Lease Agreement dated as of July 17, 2015 by and between Landlord and
Tenant, as amended by that certain First Amendment to Lease Agreement dated as
of December 29, 2015, and as further amended by that certain Second Amendment to
Lease Agreement dated as of March 10, 2016.
3.    Continuance of Development Agreement; Binding Effect; Governing Law. All
provisions of the Development Agreement, as amended hereby, shall remain in full
force and effect and unchanged, except as provided herein. If any provision of
this Amendment conflicts with the Development Agreement, the provisions of this
Amendment shall control. This Amendment is binding upon and shall inure to the
benefit of Developer and Tenant, and their respective successors and permitted
assigns. This Amendment shall be governed by and construed in accordance with
the laws of the State of Texas.
4.    Counterparts. This Amendment may be executed in any number of counterparts
(including execution by facsimile, PDF or other electronic transmission, which
shall be deemed to be original signatures of the signers for all purposes) with
the same effect as if all signing parties had signed the same document. All
counterparts shall be construed together and constitute the same document.
Signature pages may be detached from the counterparts and attached to a single
copy of this consent to physically form one document.

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IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the
date first above written.
DEVELOPER:

STREAM REALTY PARTNERS-DFW, L.P.,
a Texas limited partnership

By:
Belland-McVean-Jackson Interests II, L.L.C., a Texas limited liability company,

its general partner

By: /s/ Chris Jackson    
Name:    Chris Jackson
Title:    Member

TENANT:

FARMER BROS. CO.,
a Delaware corporation

By:/s/ Isaac N. Johnston            
Name:    Isaac N. Johnston            
Title: CFO, Farmer Bros. Co.    

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Exhibit “A”

Approved Project Budget

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Exhibit “B”

Approved Project Schedule

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Exhibit “C”

Building Permit

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Exhibit “D”

Notice to Proceed