Exhibit 10.1

AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
(Farmer Bros. Co./Mortensen)

This AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT, dated as of September 1, 2014
(this "Amendment"), between FARMER BROS. CO., a Delaware Corporation (the
“Company”), and THOMAS W. MORTENSEN (“Mortensen”, and together with Company, the
"Parties", and each, a "Party").
WHEREAS, the Parties have entered into that certain Employment Agreement (Farmer
Bros. Co./Mortensen), dated as of April 4, 2012 (the "Existing Agreement"); and
WHEREAS, the Parties hereto desire to amend the Existing Agreement to conform to
changes to compensation authorized by the Company’s Compensation Committee, on
the terms and subject to the conditions set forth herein.
NOW, THEREFORE, in consideration of the premises set forth above and other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties agree as follows:
1.Definitions. Capitalized terms used and not defined in this Amendment have the
respective meanings assigned to them in the Existing Agreement.
2.    Amendments to the Existing Agreement. As of the Effective Date (defined
below), the Existing Agreement is hereby amended or modified as follows:
(a)    Section 4 of the Existing Agreement is hereby amended in its entirety to
read as follows:
“Base Salary: Mortensen shall receive an annual base salary of $270,300 payable
in accordance with the Company’s normal payroll practice. The annual base salary
amount shall be reviewed annually by the Company and can be adjusted upward or
downward by the Company from time to time but shall not be reduced below
$250,000 per annum.”

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(b)    Section 5 of the Existing Agreement is hereby amended in its entirety to
read as follows:
“Bonuses: Mortensen shall be entitled to participate in the Company’s 2005
Incentive Compensation Plan or any successor plan (“Plan”) each year, commencing
with the Company’s 2013 fiscal year, so long as the Plan remains in effect and
one or more of the Company’s other executive officers who are full-time Company
employees (“Senior Executives”) also participate. Under the terms of the Plan,
the Compensation Committee will, in its discretion, determine the Performance
Criteria, as defined in the Plan, and all other variables by which Mortensen’s
bonus for such year under the Plan will be measured. The Target Award, as
defined in the Plan, shall be an amount equal to fifty-five percent (55%) (the
“Applicable Percentage”) of Mortensen’s base annual salary. The Applicable
Percentage can be adjusted upward or downward by the Company from time to time
but shall not be reduced below 50%. Except as provided otherwise in this Section
5, Mortensen’s participation in the Plan is subject to all Plan terms and
conditions. Under the terms of the Plan, no bonus is earned until awarded by the
Compensation Committee after completion of the fiscal year, and the Compensation
Committee may, in its discretion, reduce, entirely eliminate or increase the
bonus indicated by the Performance Criteria and other Plan factors. Mortensen
acknowledges receipt of a copy of the Plan.”
This revised Applicable Percentage shall apply for the entirety of fiscal year
2015.
3.    Date of Effectiveness; Limited Effect. This Amendment will become
effective as of the date on which the Company’s Board of Directors approves this
Amendment (the "Effective Date"). Except as expressly provided in this
Amendment, all of the terms and provisions of the Existing Agreement are and
will remain in full force and effect and are hereby ratified and confirmed by
the Parties. On and after the Effective Date, each reference in the Existing
Agreement to "this Agreement," "the Agreement," "hereunder," "hereof," "herein"
or words of like import, and each reference to the Existing Agreement in any
other agreements, documents or instruments executed and delivered pursuant to,
or in connection with, the Existing Agreement, will mean and be a reference to
the Existing Agreement as amended by this Amendment.
4.    Miscellaneous.
(a)    This Amendment is governed by, and construed in accordance with, the laws
of the State of California, without regard to the conflict of laws provisions of
such State.

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(b)    This Amendment may be executed in counterparts, each of which is deemed
an original, but all of which constitutes one and the same agreement.

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IN WITNESS WHEREOF, the Parties have executed this Amendment as of the Effective
Date.
 
“Company”
FARMER BROS. CO.,
a Delaware Corporation

 
By: /s/ Michael H. Keown
Name: Michael H. Keown
Title: President and Chief Executive Officer
 
 

 
“Mortensen”

 
/s/ Thomas W. Mortensen
Name: Thomas W. Mortensen

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