Document:

Ex101AmendmentNo1MortensenAgreement

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

4Exhibit 10.1

 

	COHN LIFLAND PEARLMAN
	HERRMANN &
    KNOPF LLP
	Joseph B. Brown, Esq. (015811977)
	Park 80 West - Plaza One 
	250 Pehle Avenue, Suite 401 
	Saddle Brook, New Jersey 07663 
	(201) 845-9600
	 
	Attorneys for Plaintiff
	Our File: 38,607-0

  

	
         

        EVENFLOW FUNDING, LLC,

         

                Plaintiff,

         

        -vs-

         

        INVESTVIEW,
        INC. (f/k/a Global Investors Services, Inc.), a Corporation of the State of Nevada, WILLIAM
        C. KOSOFF, and NICHOLAS S. MATURO,

         

                Defendants.

         
	 	
        SUPERIOR COURT OF NEW JERSEY

        LAW DIVISION

        MONMOUTH COUNTY

        DOCKET NO. MON-L-3105-13

         

        CIVIL ACTION

         

        STIPULATION OF SETTLEMENT

         

 

This matter having come before the Court upon the application
of both the plaintiff and the defendants; and the parties having agreed and resolved their differences; it is hereby STIPULATED
and AGREED between them as follows:

 

1.        The
defendants shall pay to the plaintiff the total sum of $425,000.00
as follows:

 

 (a)      All payments shall be made by the defendant, Investview, Inc.

 

    	 

    	 

    

  

(b)     All payments
shall be made by the issuance of checks made payable to the "Cohn Lifland Trust Account,
as attorney for Evenflow Funding, LLC", and mailed to the plaintiff’s attorneys at:

 

Joseph B. Brown, Esq.

Cohn Lifland Pearlman Herrmann & Knopf LLP

Park 80 West - Plaza One

250 Pehle Avenue, Suite 401

Saddle Brook, NJ 07663  

 

(c)     The amount
of each payment shall be equal to ten (10%) percent of the Net Revenues (Revenues less allowances, returns and payments to revenue
sharing agreements, if any) of defendant, Investview, Inc., which it has reported each quarter to the Securities and Exchange Commission,
commencing with the quarter ending September 30, 2014.

 

(d)     Payments
shall be made quarterly, and shall be due and payable on the tenth (10th) day following Investview, Inc.'s filing of
their SEC Form 10-K or Form 10-Q with the United States Securities and Exchange Commission. By way of example, Investview's FORM
10-Q for the fiscal quarter ended December 31, 2013 was filed with the United States Securities and Exchange Commission on February
14, 20014. Pursuant to the terms above, Investview's payment for such quarter would be required to be made by February 24, 2014.

 

(e)     In
addition to the above, an initial payment of $25,000.00 shall be made immediately upon the execution of this Stipulation of Settlement
by Investview, Inc..

 

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(f)     An
additional payment of $25,000.00 shall be made twelve (12) months after the date of the initial payment referred to in (e), supra.

 

(g)    The
two (2) payments referred to in (e) and (f), supra, shall be in addition to the quarterly payments set forth in (c) and
(d) above.

 

2.       In
the event of a default, as defined herein, then the plaintiff, upon the filing of an Ex Parte Affidavit of
Default, shall be entitled to the entry of a Judgment against the defendants, jointly and severally, in the total sum of $425,000.00
(less a credit for any payments made pursuant to this Stipulation of Settlement to the date of default).

 

3.       A
default, as defined herein, shall mean one or more of the following events:

 

(a)     Failure
to pay any installment when due after written notice is properly given pursuant to Paragraph 4 below.

 

(b)     The
making of an Assignment by any of the defendants for the Benefit of Creditors; the filing of a Petition by or against any of defendants
for relief under any provisions of the Federal Bankruptcy Code or any state insolvency statutes; or the appointment of a Trustee
or Receiver for any property of any of the defendants.

 

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4.     If
any scheduled payment herein is not delivered when due, Plaintiff shall deliver a Notice of Breach to Investview, Inc. and Defendants'
Counsel. Defendants shall then have an opportunity to cure the breach, by delivering the missing payment to Plaintiff's Counsel
within five (5) business days of receipt of the Notice of Breach. If any such breach is not timely cured, the total amount of the
settlement sum then outstanding shall be accelerated ("Accelerated Sum") and shall be delivered on or before ten (10)
business days after receipt of the Notice of Breach ("Cure Period"). In the event of Defendants' failure to timely deliver
the Accelerated Sum within the Cure Period, Plaintiff may file the Affidavit of Default without further notice as set forth in
Paragraph 2 hereof.

 

5.     Notices.
Any notice or other communication given under or relating to this Agreement shall be in writing and shall be sent by: (a) hand
delivery; (b) reputable overnight delivery service for next business day delivery or; (c) registered or certified United States
mail (return receipt requested), in each case with delivery charges prepaid, to the Parties at the following respective addresses
(or at such other address for a Party as shall be specified by him, her or it by like notice):

 

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If to the Plaintiff:

 

Joseph B. Brown, Esq.

Cohn, Lifland, Pearlman, Herrmann
& Knopf LLP

Park 80 West – Plaza One

250 Pehle Avenue, Suite 401

Saddle Brook, New Jersey 07663

Attention Jay Brown, Esq.

(201) 845–9600

 

If to the Defendants:

 

Investview, Inc.

54 Broad Street

Suite 303

Red Bank, New Jersey 07701

(732) 380–7271

 

With a Copy to:

 

Ledwith & Atkinson

14 St. James Place

Lynbrook, New York 11563

Fax: (516) 593–1816

Email: Thomas D. Atkinson:

tatkinson@ledwithatkinson.com

Attn.: Thomas D. Atkinson, Esq.

 

Notices and communications shall be effective: (a) when
delivered if sent by hand delivery; (b) on the first business day following the day timely deposited for overnight delivery with
Federal Express (or other equivalent national overnight courier service) ; or (c) on the fifth (5th) business day following
the day duly sent by certified or registered United States mail, return receipt requested.

 

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5.   Upon full compliance with the terms set
forth hereinabove, the parties shall file a Stipulation of Dismissal with Prejudice.

 

	 	COHN LIFLAND PEARLMAN
	 	HERRMANN & KNOPF LLP
	 	Attorneys for Plaintiff,
	 	Evenflow Funding, LLC

 

	DATED:     October 13, 2014	BY:	/s/ JOSEPH
    B.  BROWN	 
	 	JOSEPH B.  BROWN

 

	 	The Sattiraju Law Firm, PC
	 	Attorneys for Defendants,
	 	Investview, Inc., William C.
	 	Kosoff, and Nicholas S. Maturo

 

	DATED:     September __, 2014	BY:	/s/ THOMAS
    D. ATKINSON	 
	 	THOMAS D. ATKINSON	 

 

	 	Investview, Inc.
	 	54 Broad Street
	 	Suite 303
	 	Red Bank, New Jersey 07701

 

	DATED:     September __, 2014	BY:	/s/ Joseph J. Louro	 
	 	 	Dr. Joseph J. Louro	 
	 	 	C.E.O Investview, Inc.	 

 

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