Document:

EXHIBIT 10.4

EMPLOYMENT
AGREEMENT

 This EMPLOYMENT AGREEMENT (this
"Agreement") is made as of the October 1,  2015, by and between Indaba Group,
Inc., a Delaware corporation (the "Company", which is a wholly owned subsidiary
of CloudCommerce, Inc. (formerly Warp 9, Inc.), a Nevada corporation ("CloudCommerce"),
and Blake Gindi, an individual ("Employee"), and is made with respect to the
following facts:

                                                                                        

R E C I T A L S

A.        The Company and the
Employee wish to ensure that the Company will receive the benefit of Employee's
loyalty and service during Employee's tenure and that the Employee will be
appropriately treated and compensated for services rendered.  

B.        The parties have
entered into this Agreement for the purpose of setting forth the terms of
employment of the Employee by the Company.

NOW, THEREFORE, in consideration of the
premises and mutual covenants herein contained, THE PARTIES HERETO AGREE AS
FOLLOWS:

1.                 
Employment
of Employee and Duties. 
The Company
hereby hires Employee and Employee hereby accepts employment upon the terms and
conditions described in this Agreement.  The Employee shall be the Chief Technology
Officer of the Company, with the responsibility for the day-to-day management
of the Company's technical operations.  Subject to (a) the general supervision
of the Chief Executive Officer ("CEO"), and (b) the Employee's duty to report
to the Chief Executive Officer periodically, as specified by him from
time-to-time, Employee shall have all of the authority to perform his
employment duties for the Company.

2.               

3.                 
Time
and Effort.  Employee agrees
to devote his
full working time and attention to the management of the Company's business
affairs, the implementation of its strategic plan, as determined by the CEO,
and the fulfillment of his duties and responsibilities as Chief Technology Officer. 
Expenditure of a reasonable amount of time for personal matters and business
and charitable activities shall not be deemed to be a breach of this Agreement,
provided that those activities do not materially interfere with the services
required to be rendered to the Company under this Agreement.

4.                 
The
Company's Authority. 
Employee agrees
to comply with the Company's reasonable rules and regulations as adopted by the
Company's Board of Directors regarding performance of his duties, and to carry
out and perform those orders, directions and policies established by the
Company with respect to his engagement.  Employee shall promptly notify the
Company's CEO of any objection he has to the CEO's directives and the reasons
for such objection.

5.                 
Noncompetition
by Employee.
 Employee is subject to noncompetition obligations pursuant to Section 3.1 of
that certain Agreement and Plan of Merger, dated as of June 26, 2015, by and
among Indaba Group, LLC, a Colorado limited liability company, Employee, Blake
Gindi, Jack Gindi,  

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CloudCommerce, and Warp 9, Inc., a Delaware corporation (the
"Merger Agreement").  Upon the expiration of the term of those obligations, and
if Employee is then employed by the Company, then thereafter and throughout the
remaining term of this Agreement, Employee shall not, directly or indirectly,
either as an employee, employer,  consultant, agent, principal, partner,
stockholder (in a private company), corporate officer, director, or in any
other individual or representative capacity, engage or participate in any
business that is in direct competition with the business of the Company or its
affiliates.  Furthermore, any commissions, referral fees or other compensation
paid to Employee by other payors during the term of this Agreement will be the
property of the Company, and therefore, all such compensation will promptly be
remitted by Employee to the Company.

6.                 
Term of
Agreement. 
Subject to earlier termination as provided herein, the term of this Agreement
shall be for two (2) years.  Notwithstanding the foregoing, the Company and
Employee agree that Employee's employment hereunder may be terminated by the
Employee resigning with "Good Reason" or by the Company's declaration of
termination with "Cause" at any time, subject to the terms of this Section 5
and Section 6.  Such termination shall be effective upon delivery of
written notice from the acting party to the other of its election to terminate
employment pursuant to this Section 5.  "Cause" when used in connection
with the termination of employment with the Company, shall mean the termination
of the Employee's employment by the Company by reason of (i) Employee's
material breach of any of this Agreement which breach, if curable, is not cured
within thirty (30) days of written notice to Employee of such breach; (ii) the
conviction of, or the entering of a guilty plea or no contest plea by, the
Employee for a crime involving moral turpitude by a court of competent
jurisdiction; (iii) the commission by the Employee of an act of fraud upon the
Company or any of its affiliates; (iv) the misappropriation of any funds or
property of the Company or any of its affiliates by the Employee; (v) the
failure by the Employee to perform material duties reasonably assigned to him
or otherwise assigned to and accepted by Employee, or to comply with any
written Company policy after reasonable written notice and opportunity to cure
such performance; (vi) the engagement by the Employee in any direct, material
conflict of interest with the Company without compliance with the Company's
conflict of interest policy, if any, then in effect;  or (vii) the engagement
in any activity which would constitute a material violation of the provisions
of the Company's insider trading policy, if any, then in effect.  Cause shall
not be present unless (1) the Company shall have given Employee written notice
specifying in reasonable detail the event or circumstances constituting Cause,
and (2) Employee fails to cure such event or circumstances within forty-five
(45) days from the date of such notice from the Company. "Good Reason" when
used in connection with the resignation of employment from the Company by
Employee, shall mean the resignation from the Company by Employee by reason of:
(i) any deliberate breach by the Company with any of the material provisions of
this Agreement, other than an isolated, insubstantial or inadvertent failure
which is remedied by Company promptly after Company's receipt of written notice
thereof from Employee; (ii) a material diminution in Executive's authorities,
duties or responsibilities normally associated with Employee's position or 
Employee is assigned duties and responsibilities that are inconsistent, in a
material respect, with the scope of duties and responsibilities associated with
Employee's status as a senior executive officer; (iii) the Company's failure to
nominate the Employee for election to the Board of Directors and to use its best
efforts to have him elected and re-elected, as applicable or (iii) a material
breach by the Company of the Company's Articles of Incorporation or By-laws if
such breach would materially prejudice Employee.  Good Reason shall not be
present unless (1) Employee shall have given the 

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Company written
notice specifying in reasonable detail the event or circumstances constituting
Good Reason, and (2) the Company fails to cure such event or circumstances
within forty-five (45) days from the date of such notice from Employee.  

7.                 
Severance
Benefits.                          

6.1  Continuation
of Salary and Benefits.  In the event that the Employee's employment is
terminated by the Employee for Good Reason prior to the end of the initial
term, the Company shall, subject to the terms of Sections 6.2 and 6.3 below,
and only if and as long as Employee is not in breach of his obligations under
this Agreement, pay compensation to Employee in the manner set forth below. If
the Employee's employment is terminated by the Employee for Good Reason during
the term of this Agreement, then the Company shall continue to pay to Employee
his current base salary provided for under this Agreement in periodic payments
in accordance with its customary payroll practices for a period of until the second
(2nd) anniversary date of this Agreement (the "Severance Payment
Period"). If the Employee's employment is terminated by the Employee for Good
Reason, the Company shall also continue to provide benefits in the kind and
amounts provided to its employees generally throughout the Severance Payment
Period, including continuation of any Company-paid benefits provided pursuant
hereto, for the Employee and, if applicable, the Employee's spouse and minor
children, provided such benefits will be subject to immediate termination to
the extent Employee receives benefits under another similar benefit plan. 
Employee agrees that the above payments shall be a full settlement of the
Company's obligations to Employee hereunder in the event of a termination for
Good Reason.

  6.2       Disability;
Death.       If at any time during the term of this Agreement, Employee
is unable, due to physical or mental disability, to perform effectively his
duties hereunder, the Company shall continue payment of compensation as
provided in Section 9.1 during the first six (6) months of such
disability to the extent not covered by the Company's disability insurance
policies.  Upon the expiration of such six-month period, the Company, at its
sole option, may continue payment of Employee's salary for such additional
periods as the Company elects, or may terminate this Agreement without any
further obligations hereunder.  If Employee should die during the term of this
Agreement, Employee's employment and the Company's obligations hereunder shall
terminate as of the end of the month in which Employee's death occurs and there
will be no salary and benefit continuation period.  Employee shall be deemed to
have incurred a disability if Employee suffers a physical or mental condition
which (i) satisfies the definition of "total disability" in the Company's
disability insurance policies, or (ii) if no such policy or plan is then
covering Employee, in the reasonable judgment of the Board of Directors,
prevents Employee from engaging in any substantial gainful employment with the
Company for a period of more than six (6) months.

6.3       Standstill
Agreement; Lock-up Letters.      So long as
Employee is employed by the Company or receives severance compensation as
provided in Section 6.1 above, Employee agrees that he will sign any reasonable
securities lock-up letters, standstill agreements, or other similar
documentation required by an underwriter in connection with a public offering of
securities by the Company or its parent corporation or take other actions
reasonably related thereto as requested by the Board of Directors under similar
terms and conditions as for other management employees of the Company generally. 
Failure to take any such action shall be a "Cause" for termination and shall
cause Employee to forfeit any further rights to compensation or other payments
hereunder.  In addition, 

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Employee agrees that in such event the Company can
seek and obtain specific performance of such covenant, including any injunction
requiring execution thereof, and the Employee hereby appoints the then current
president of the Company to sign any such documents on his behalf so long as
such documents are prepared on the same basis as for other management
shareholders generally.

 6.4       Relocation
or Material Changes in Duties.  If Employee's employment is terminated
because of Employee' refusal to relocate to another office of the Company that
is more than twenty (20) statute miles from the Employee's then current office,
or to accept a material change in duties, such termination shall be deemed a
termination with Cause.  

8.                 
Confidential
Information: Nondisclosure Covenant.

7.1.      Confidential
Information.  As used herein the term "Confidential Information" shall
mean all customer and contract lists, records, financial data, trade secrets,
business and marketing plans and studies, suppliers, investors, financing
sources, manuals for employee and personnel policies, manufacturing and/or
production manuals, computer programs and software, strategic plans, formulas,
manufacturing and production processes and techniques (including without
limitation types of machinery and equipment used together with improvements and
modifications thereon), tools, applications for patents, designs, models,
patterns, drawings, tracings, sketches, blueprints, and all other similar
information developed and/or used by Company in the course of its business and
which is not known by or readily available to the general public.

7.2       Nondisclosure
Covenant.  Employee acknowledges that, in the course of performing
services for and on behalf of Company, Employee has had and will continue to
have access to Confidential Information.  Employee hereby covenants and agrees
to maintain in strictest confidence all Confidential Information in trust for
Company, its successors and assigns, and to disclose such information only on a
"need-to-know" basis in furtherance and for the benefit of the Company's business. 
During the period of Employee's employment with Company and at any and all
times following Employee's termination of employment for any reason, including
without limitation Employee's voluntary resignation with or without Good Reason
or involuntary termination with Cause, Employee agrees to not misappropriate,
utilize for any purpose other than for the direct benefit of the Company, or
disclose or make available to anyone outside Company's organization, any
Confidential Information or anything relating thereof without the prior written
consent of Company, which consent may be withheld by Company for any reason or
no reason at all.

7.3       Return of
Property.  Upon Employee's termination of his employment with Company
for any reason, including without limitation Employee's voluntary resignation
with or without Good Reason or involuntary termination by the Company with
Cause, Employee hereby agrees to immediately return to Company's possession all
copies of any writings, computer discs or equipment, drawings or any other
information relating to Confidential Information which are in Employee's
possession or control.  Employee further agrees that, upon the request of
Company at any time during Employee's period of employment with Company,
Employee shall promptly return to Company all such copies of writings, computer
discs or equipment, drawings or any other information relating to Confidential
Information which are in Employee's possession or control.

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7.4       Rights to
Inventions and Trade Secrets.  Employee hereby assigns to Company all
right, title and interest in and to any ideas, inventions, original works or
authorship, developments, improvements or trade secrets which Employee solely
or jointly has conceived or reduced to practice, or will conceive or reduce to
practice, or cause to be conceived or reduced to practice during his employment
with Company.  All original works of authorship which are made by Employee
(solely or jointly with others) within the scope of Employee's services
hereunder and which are protectable by copyright are "works made for hire," as
that term is defined in the United States Copyright Act.

9.                 
Noninterference
and Nonsolicitation Covenants. 
In further reflection of the Company's important interests in its proprietary
information and its trade, customer, vendor and employee relationships,
Employee agrees that, during the thirty-six (36) month period following the
termination of Employee's employment with Company for any reason, including
without limitation Employee's voluntary resignation with or without Good Reason
or involuntary termination by the Company with Cause,
Employee will not directly or indirectly, for or on behalf of any person, firm,
corporation or other entity, (a) interfere with any contractual or other
business relationships that Company has with any of its customers, clients,
service providers or materials suppliers as of the date of Employee's
termination of employment, or (b) solicit or induce any employee of Company to
terminate his/her employment relationship with Company.  

10.             
Compensation.  During the term of this
Agreement, the Company shall pay the following compensation to Employee:

9.1       Base Salary. 
The Company shall pay Employee an annual rate of base salary of One Hundred
Seventy Five Thousand Dollars ($175,000.00) in periodic installments in
accordance with the Company's customary payroll practices, but no less
frequently than monthly.  Employee's base salary shall be reviewed at least
annually by the Board of Directors and the Board of Directors may, but shall not
be required to, increase the base salary during the term.  Employee's annual
base salary, as in effect from time to time, is hereinafter referred to as
"Base Salary."

9.2       Annual Bonus. 
Any compensation bonuses to be paid to Employee will be mutually determined by
the Company and CloudCommerce.

9.3       Equity Awards. 
During the term, Employee shall be eligible to participate in any Company
incentive compensation plan, as determined by the Board of Directions, in its
discretion.

9.4       Benefits.  So
long as Employee is employed by the Company, the Employee shall participate in
any employee benefit plans sponsored by the Company generally for its employees
serving in similar employment capacities as the Employee as determined from
time to time by the Board of Directors or any compensation committee of the
Board of Directors, if any, and on terms at least as favorable to Employee as
are generally offered to other employees of the Company serving in a similar
capacity.  

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11.             
Office
and Staff. 
In order to enable Employee to perform his obligations and duties pursuant to
this Agreement, the Company agrees that it shall provide suitable office space
for Employee in Denver, Colorado, or in another location mutually agreed upon,
together with all necessary and appropriate supporting staff and secretarial
assistance, equipment, stationery, books and supplies.  Employee agrees that
the office space and supporting staff presently in place is suitable for the
purposes of this Agreement. The Company agrees to provide at its expense
parking for one (1) vehicle by the Employee at the Company's executive
offices.  

12.             
Reimbursement
of Expenses. 
The Company shall reimburse Employee for the reasonable (and pre-approved by
the Company in writing) travel and other expenses incurred by Employee in
connection with the performance of Employee's duties under this Agreement. 
Employee's pre-approved reimbursable expenses shall be paid by the Company in
cash or check within a reasonable time after presentment by Employee of an
itemized list of invoices sufficiently describing such expenses.  All
compensation provided in Sections 8 of this Agreement shall be subject to
customary withholding tax and other employment taxes, to the extent required by
law.  Expense reimbursements will not be subject to withholding.  

13.             
Rights
In And To Inventions And Patents.

            12.1     Description
of Parties' Rights.  The Employee agrees that with respect to any
inventions made by him or the Company during the term of this Agreement, solely
or jointly with others, (i) which are made with the Company's equipment,
supplies, facilities, trade secrets or time, or (ii) which relate to the
business of the Company or the Company's actual or demonstrably anticipated
research or development, or (iii) which result from any work performed by the
Employee for the Company, such inventions shall belong to the Company.  The
Employee also agrees that the Company shall have the right to keep such
inventions as trade secrets, if the Company chooses.

            12.2     Disclosure
Requirements.  For purposes of this Agreement, an invention is deemed
to have been made during the term of this Agreement if, during such period, the
invention was conceived or first actually reduced to practice.  In order to
permit the Company to claim rights to which it may be entitled, the Employee
agrees to disclose to the Company in confidence the nature of all patent
applications filed by the Employee during the term of this Agreement.

14.             
Assignability
of Benefits. 
Except to the extent that this provision may be contrary to law, no assignment,
pledge, collateralization or attachment of any of the benefits under this
Agreement shall be valid or recognized by the Company.  Except as provided by
law, payment provided for by this Agreement shall not be subject to seizure for
payment of any debts or judgments against the Employee, nor shall the Employee
have any right to transfer, modify, anticipate or encumber any rights or
benefits hereunder. 

15.             
Notice.  All notices and other communications required or
permitted hereunder shall be in writing or in the form of email, facsimile or
letter to be given only during the recipient's normal business hours unless
arrangements have otherwise been made to receive such notice outside of normal
business hours, and can be mailed by registered or certified mail, postage
prepaid, or otherwise delivered by hand, messenger, email or facsimile (as
provided above) addressed (a) if to the Employee, at the address for such
Employee set forth on the signature page hereto or at such other address as such
Employee shall have furnished to 

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the Company in writing or (b) if to the Company, to its principal executive
offices and addressed to the attention of the Chairman of the Board, or at such
other address as the Company shall have furnished in writing to the Employee.

 

In case of the Company:

                      Indaba
Group, Inc.

                      C/O
CloudCommerce, Inc.

                      1933 Cliff
Dr. Suite 11

                      Santa
Barbara, CA 93109

                      Attention: Andrew Van Noy, CEO

                      Telephone: 805-964-3313

                      Facsimile: 805-964-6968

In case of the Employee:

The address listed below 

signature to this Agreement.

16.             
Attorneys'
Fees.  In
the event that any of the parties must resort to legal action in order to
enforce the provisions of this Agreement or to defend such suit, the prevailing
party shall be entitled to receive reimbursement from the nonprevailing party
for all reasonable attorneys' fees and all other costs incurred in commencing
or defending such suit.

17.             
Entire
Agreement. 
This Agreement and the Merger Agreement embody the entire understanding among
the parties and merge all prior discussions or communications among them, and
no party shall be bound by any definitions, conditions, warranties, or
representations other than as expressly stated in this Agreement and the Merger
Agreement or as subsequently set forth in a writing signed by the duly
authorized representatives of all of the parties to this Agreement.

18.             
No Oral
Change; Amendment. 
This Agreement may only be changed or modified and any provision hereof may
only be waived in writing signed by the party against whom enforcement of any
waiver, change or modification is sought.  This Agreement may be amended only
in writing by mutual consent of the parties.

19.             
Severability.  In the event that any
provision of this Agreement shall be void or unenforceable for any reason
whatsoever, then such provision shall be stricken and of no force and effect. 
The remaining provisions of this Agreement shall, however, continue in full
force and effect, and to the extent required, shall be modified to preserve
their validity.

20.             
Applicable
Law.  This
Agreement shall be construed as a whole and in accordance with its fair
meaning.  This Agreement shall be interpreted in accordance with the laws of
the State of California.

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21.             
Successors
and Assigns. 
Each covenant and condition of this Agreement shall inure to the benefit of and
be binding upon the parties hereto, their respective heirs, personal
representatives, assigns and successors in interest.  Without limiting the
generality of the foregoing sentence, this Agreement shall be binding upon any
successor to the Company whether by merger, reorganization or otherwise.

IN WITNESS WHEREOF, the parties hereto have
executed this Agreement on the date first above written.

COMPANY:                                                              INDABA
GROUP, INC.

a Delaware corporation

By:                                                                  

Andrew Van Noy, Chairman of the
Board

 

 

EMPLOYEE:                                                                                                                                    

Blake Gindi

 

                                                                        

Street Address

 

                                                                          

City, State and Zip Code

Telephone Number:                                         

Facsimile Number:                                          

Email Address:                                                 

-8-EX-10.1

 Exhibit 10.1 

AMENDED AND RESTATED 

STOCKHOLDERS AGREEMENT 

DATED AS OF OCTOBER 6, 2015 

AMONG 
 PERFORMANCE FOOD
GROUP COMPANY 
 AND 

THE OTHER PARTIES HERETO 

 Table of Contents 

 

							
	 	 	 	  	Page	 
	 ARTICLE I. INTRODUCTORY MATTERS
	  	 	1	  
			
	 1.1
	 	 Defined Terms
	  	 	1	  
	 1.2
	 	 Construction
	  	 	3	  
		
	 ARTICLE II. CORPORATE GOVERNANCE MATTERS
	  	 	4	  
			
	 2.1
	 	 Election of Directors
	  	 	4	  
		
	 ARTICLE III. INFORMATION
	  	 	5	  
			
	 3.1
	 	 Books and Records; Access
	  	 	5	  
	 3.2
	 	 Sharing of Information
	  	 	6	  
		
	 ARTICLE IV. GENERAL PROVISIONS
	  	 	7	  
			
	 4.1
	 	 Termination
	  	 	7	  
	 4.2
	 	 Notices
	  	 	7	  
	 4.3
	 	 Amendment; Waiver
	  	 	8	  
	 4.4
	 	 Further Assurances
	  	 	8	  
	 4.5
	 	 Assignment
	  	 	8	  
	 4.6
	 	 Third Parties
	  	 	9	  
	 4.7
	 	 Governing Law
	  	 	9	  
	 4.8
	 	 Jurisdiction; Waiver of Jury Trial
	  	 	9	  
	 4.9
	 	 Specific Performance
	  	 	9	  
	 4.10
	 	 Entire Agreement
	  	 	9	  
	 4.11
	 	 Severability
	  	 	9	  
	 4.12
	 	 Table of Contents, Headings and Captions
	  	 	10	  
	 4.13
	 	 Grant of Consent
	  	 	10	  
	 4.14
	 	 Counterparts
	  	 	10	  
	 4.15
	 	 Effectiveness
	  	 	10	  
	 4.16
	 	 No Recourse
	  	 	10	  

  
 i 

 AMENDED AND RESTATED STOCKHOLDERS AGREEMENT 

This Amended and Restated Stockholders Agreement is entered into as of October 6, 2015 by and among Performance Food Group Company, a
Delaware corporation (the “Company”), and each of the other parties identified on the signature pages hereto (the “Investor Parties”). This Agreement amends and restates in its entirety the Stockholders Agreement,
dated as of July 20, 2007 (as amended prior to the date hereof), among the parties hereto and the other parties thereto (the “Original Stockholders Agreement”). 

BACKGROUND: 
 WHEREAS, the
Company, the Investor Parties and certain of the Company’s other stockholders are parties to the Original Stockholders Agreement; 

WHEREAS, the Company is currently contemplating an underwritten initial public offering (“IPO”) of shares of its Common Stock
(as defined below); and 
 WHEREAS, in connection with, and effective upon, the date of completion of the IPO (the “Closing
Date”), pursuant to Section 11 of the Original Stockholders Agreement, the Company and the Investor Parties wish to amend and restate the Original Stockholders Agreement to set forth certain understandings between such parties,
including with respect to certain governance matters. 
 NOW, THEREFORE, the parties agree as follows: 

ARTICLE I. 
 INTRODUCTORY MATTERS

 1.1 Defined Terms. In addition to the terms defined elsewhere herein, the following terms have the following meanings when used herein with
initial capital letters: 
 “Affiliate” has the meaning set forth in Rule 12b-2 promulgated under the Exchange Act, as in
effect on the date hereof. 
 “Agreement” means this Amended and Restated Stockholders Agreement, as the same may be
amended, supplemented, restated or otherwise modified from time to time in accordance with the terms hereof. 
 “beneficially
own” has the meaning set forth in Rule 13d-3 promulgated under the Exchange Act. 
 “Blackstone Designee” has the
meaning set forth in Section 2.1(c). 
 “Blackstone Group” means the entities listed on the signature pages hereto
under the heading “Blackstone Group.” 

 “Blackstone Entities” means the entities comprising the Blackstone Group from
time to time, their Affiliates and their respective successors and Permitted Assigns. 
 “Board” means the board of
directors of the Company. 
 “Business Day” means a day other than a Saturday, Sunday, federal or New York State holiday or
other day on which commercial banks in New York City are authorized or required by law to close. 
 “Closing Date” has the
meaning set forth in the Background. 
 “Company” has the meaning set forth in the Preamble. 

“Common Stock” means the shares of common stock, par value $0.01 per share, of the Company, and any other capital stock of
the Company into which such stock is reclassified or reconstituted and any other common stock of the Company. 
 “Control”
(including its correlative meanings, “Controlled by” and “under common Control with”) means possession, directly or indirectly, of the power to direct or cause the direction of management or policies (whether
through ownership of securities or partnership or other ownership interests, by contract or otherwise) of a Person. 

“Director” means any member of the Board. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder,
as the same may be amended from time to time. 
 “Governmental Authority” means any nation or government, any state or
other political subdivision thereof, and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government. 

“Investor Parties” has the meaning set forth in the Preamble. 

“IPO” has the meaning set forth in the Background. 

“Law” means any statute, law, regulation, ordinance, rule, injunction, order, decree, governmental approval, directive,
requirement, or other governmental restriction or any similar form of decision of, or determination by, or any interpretation or administration of any of the foregoing by, any Governmental Authority. 

“Permitted Assigns” means with respect to a Blackstone Entity or a Wellspring Entity, a Transferee of shares of Common Stock
that agrees to become party to, and to be bound to the same extent as its Transferor by the terms of, this Agreement. 

“Person” means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock
company, a trust, a joint venture, an unincorporated organization, or other form of business organization, whether or not regarded as a legal entity under applicable Law, or any Governmental Authority or any department, agency or political
subdivision thereof. 

  
 2 

 “Subsidiary” means, with respect to any Person, any corporation, limited
liability company, partnership, association or other business entity of which: (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election
of directors, representatives or trustees thereof is at the time owned or Controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof; or (ii) if a limited liability
company, partnership, association or other business entity, a majority of the total voting power of stock (or equivalent ownership interest) of the limited liability company, partnership, association or other business entity is at the time owned or
Controlled, directly or indirectly, by any Person or one or more Subsidiaries of that Person or a combination thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability company,
partnership, association or other business entity if such Person or Persons shall be allocated a majority of limited liability company, partnership, association or other business entity gains or losses or shall be or Control the managing member,
managing director or other governing body or general partner of such limited liability company, partnership, association or other business entity. 

“Total Number of Directors” means the total number of directors comprising the Board. 

“Transfer” (including its correlative meanings, “Transferor”, “Transferee” and
“Transferred”) shall mean, with respect to any security, directly or indirectly, to sell, contract to sell, give, assign, hypothecate, pledge, encumber, grant a security interest in, offer, sell any option or contract to purchase,
purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of any economic, voting or other rights in or to such security. When used as a noun, “Transfer” shall
have such correlative meaning as the context may require. 
 “Wellspring” means the entities listed on the signature pages
hereto under the heading “Wellspring.” 
 “Wellspring Designee” has the meaning set forth in Section 2.1(c).

 “Wellspring Entities” means Wellspring, its Affiliates and their respective successors and Permitted Assigns. 

1.2 Construction The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and no
rule of strict construction will be applied against any party. Unless the context otherwise requires: (a) “or” is disjunctive but not exclusive, (b) words in the singular include the
plural, and in the plural include the singular, and (c) the words “hereof”, “herein”, and “hereunder” and words of similar import when used in this Agreement refer to this Agreement as a whole
and not to any particular provision of this Agreement, and Section references are to this Agreement unless otherwise specified. 

  
 3 

 ARTICLE II. 

CORPORATE GOVERNANCE MATTERS 
 2.1 Election of
Directors (a) Following the Closing Date, the Blackstone Entities shall have the right, but not the obligation, to cause the Company, in its proxy statement as mailed out from time to time, to include in its slate of recommended nominees
for election to the Board a number of designees equal to at least: (i) a majority of the Total Number of Directors, so long as the Blackstone Entities collectively beneficially own 50% or more of the outstanding shares of Common Stock;
(ii) 40% of the Total Number of Directors, in the event that the Blackstone Entities collectively beneficially own 40% or more, but less than 50%, of the outstanding shares of Common Stock; (iii) 30% of the Total Number of Directors, in
the event that the Blackstone Entities collectively beneficially own 30% or more, but less than 40%, of the outstanding shares of Common Stock; (iv) 20% of the Total Number of Directors, in the event that the Blackstone Entities collectively
beneficially own 20% or more, but less than 30%, of the outstanding shares of Common Stock; and (v) 10% of the Total Number of Directors, in the event that the Blackstone Entities collectively beneficially own 5% or more, but less than 20%, of
the outstanding shares of Common Stock. For purposes of calculating the number of directors that the Blackstone Entities are entitled to designate pursuant to the immediately preceding sentence, any fractional amounts shall automatically be rounded
up to the nearest whole number (e.g., one and one quarter (1 1/4) Directors shall equate to two (2) Directors) and any such
calculations shall be made after taking into account any increase in the Total Number of Directors. At the request of the Blackstone Entities for so long as the Board is classified, the number of Directors nominated by the Blackstone Entities in
each class shall be as nearly equal as possible. 
 (b) Following the Closing Date, the Wellspring Entities shall have the right, but not the obligation, to
cause the Company, in its proxy statement as mailed out from time to time, to include in its slate of recommended nominees for election to the Board a number of designees equal to at least: (i) 20% of the Total Number of Directors, in the event
that the Wellspring Entities collectively beneficially own 20% or more of the outstanding shares of Common Stock; and (ii) 10% of the Total Number of Directors, in the event that the Wellspring Entities collectively beneficially own 5% or more,
but less than 20%, of the outstanding shares of Common Stock. For purposes of calculating the number of directors that the Wellspring Entities are entitled to designate pursuant to the immediately preceding sentence, any fractional amounts shall
automatically be rounded up to the nearest whole number (e.g., one and one quarter (1 1/4) Directors shall equate to two (2) Directors)
and any such calculations shall be made after taking into account any increase in the Total Number of Directors. At the request of the Wellspring Entities for so long as the Board is classified, the number of Directors nominated by the Wellspring
Entities in each class shall be as nearly equal as possible. 
 (c) In the event that the Blackstone Entities or the Wellspring Entities have nominated
fewer than the total number of designees it shall be entitled to nominate pursuant to 

  
 4 

 
Section 2.1(a) or Section 2.1(b), the Blackstone Entities or the Wellspring Entities, as applicable, shall have the right, at any time, to specify such additional designees to which
they are entitled, in which case, the Company and the Directors shall take all necessary corporation action, to the fullest extent permitted by applicable law (including with respect to any fiduciary duties under Delaware law), to (x) enable
the Blackstone Entities or the Wellspring Entities, as applicable, to nominate and effect the election or appointment of such additional individuals, whether by increasing the size of the Board, or otherwise and (y) to designate such additional
individuals specified by the Blackstone Entities or the Wellspring Entities, as applicable, to fill such newly-created vacancies or to fill any other existing vacancies. Each such person whom the Blackstone Entities shall actually specify pursuant
to this Section 2.1 and who is thereafter elected to the Board to serve as a Director shall be referred to herein as a “Blackstone Designee” and each such person whom the Wellspring Entities shall actually specify pursuant to
this Section 2.1 and who is thereafter elected to the Board to serve as a Director shall be referred to herein as a “Wellspring Designee.” 

(d) In the event that a vacancy is created at any time by the death, retirement or resignation of any Blackstone Designee or Wellspring Designee, the
remaining Directors and the Company shall, to the fullest extent permitted by applicable law (including with respect to any fiduciary duties under Delaware law), cause the vacancy created thereby to be filled by a new designee of the Blackstone
Entities, if such Director was designated by the Blackstone Entities, or the Wellspring Entities, if such Director was designated by the Wellspring Entities, as soon as possible, and the Company hereby agrees to take, to the fullest extent permitted
by applicable law (including with respect to any fiduciary duties under Delaware law), at any time and from time to time, all actions necessary to accomplish the same. Furthermore, notwithstanding anything to the contrary in the certificate of
incorporation or bylaws of the Company, Blackstone agrees not to take any action to remove any Wellspring Designee as a director without the consent of Wellspring, and Wellspring agrees not to take any action to remove any Blackstone Designee
without the consent of Blackstone. 
 (e) The Company agrees, to the fullest extent permitted by applicable law (including with respect to any fiduciary
duties under Delaware law), to include in the slate of nominees recommended by the Board for election at any meeting of stockholders called for the purpose of electing Directors the persons designated pursuant to this Section 2.1 (to the extent
that Directors of such nominee’s class are to be elected at such meeting, for so long as the Board is classified) and to nominate and recommend each such individual to be elected as a Director as provided herein, and to solicit proxies or
consents in favor thereof. The Company is entitled to identify such individual as a Blackstone Designee or a Wellspring Designee, as applicable, pursuant to this Stockholders Agreement. 

ARTICLE III. 
 INFORMATION 

3.1 Books and Records; Access The Company shall, and shall cause its Subsidiaries to, keep proper books, records and accounts, in which full and
correct entries shall be made of all financial transactions and the assets and business of the Company and each of 

  
 5 

 
its Subsidiaries in accordance with generally accepted accounting principles. For so long as the Blackstone Entities or the Wellspring Entities beneficially own 5% or more of the outstanding
shares of Common Stock, the Company shall, and shall cause its Subsidiaries to, permit the Blackstone Entities or the Wellspring Entities, as applicable, and their respective designated representatives, at reasonable times and upon reasonable prior
notice to the Company, to review the books and records of the Company or any of such Subsidiaries and to discuss the affairs, finances and condition of the Company or any of such Subsidiaries with the officers of the Company or any such Subsidiary.
For so long as the Blackstone Entities or the Wellspring Entities beneficially own 5% or more of the outstanding shares of Common Stock, the Company shall, and shall cause its Subsidiaries to, provide the Blackstone Entities or the Wellspring
Entities, as applicable, in addition to other information that might be reasonably requested by such Blackstone Entities or Wellspring Entities from time to time, (i) direct access to the Company’s auditors and officers, (ii) the
ability to link the Blackstone Group’s or Wellspring’s systems into the Company’s general ledger and other systems in order to enable the Blackstone Entities or the Wellspring Entities to retrieve data on a “real-time”
basis, (iii) quarter-end reports, in a format to be prescribed by the Blackstone Entities, to be provided within 30 days after the end of each quarter, (iv) copies of all materials provided to the Company’s Board of Directors (or
equivalent governing body) at the same time as provided to the Directors (or their equivalent) of the Company, (v) access to appropriate officers and Directors of the Company at such times as may be requested by the Blackstone Entities or the
Wellspring Entities for consultation with each of the Blackstone Entities or the Wellspring Entities with respect to matters relating to the business and affairs of the Company and its subsidiaries, (vi) information in advance with respect to
any significant corporate actions, including, without limitation, extraordinary dividends, mergers, acquisitions or dispositions of assets, issuances of significant amounts of debt or equity and material amendments to the certificate of
incorporation or bylaws of the Company or any of its respective subsidiaries, and to provide the Blackstone Entities or the Wellspring Entities with the right to consult with the Company and its subsidiaries with respect to such actions,
(vii) flash data, in a format to be prescribed by the Blackstone Entities, to be provided within ten days after the end of each quarter and (viii) to the extent otherwise prepared by the Company, operating and capital expenditure budgets
and periodic information packages relating to the operations and cash flows of the Company and its Subsidiaries (all such information so furnished pursuant to this Section 3.1, the “Information”). The Company agrees to
consider, in good faith, the recommendations of the Blackstone Entities and the Wellspring Entities in connection with the matters on which the Company is consulted as described above. Subject to Section 3.2, any Blackstone Entity and any
Wellspring Entity (and any party receiving Information from a Blackstone Entity or a Wellspring Entity) who shall receive Information shall maintain the confidentiality of such Information, and the Company shall not be required to disclose any
privileged Information of the Company so long as the Company has used its commercially reasonable efforts to enter into an arrangement pursuant to which it may provide such information to the Blackstone Entities and the Wellspring Entities without
the loss of any such privilege. 
 3.2 Sharing of Information Individuals associated with the Blackstone Entities and the Wellspring Entities may
from time to time serve on the boards of directors or 

  
 6 

 
similar governing bodies of the Company and its Subsidiaries. The Company, on its behalf and on behalf of its Subsidiaries, recognize that such individuals (i) will from time to time receive
non-public information concerning the Company and its Subsidiaries, and (ii) may (subject to the obligation to maintain the confidentiality of such information in accordance with Section 3.1) share such information with other individuals
associated with the Blackstone Entities and the Wellspring Entities. Such sharing will be for the dual purpose of facilitating support to such individuals in their capacity as directors and enabling the Blackstone Entities and the Wellspring
Entities, as equityholders, to better evaluate the Company’s performance and prospects. The Company, on behalf of itself and its Subsidiaries, hereby irrevocably consents to such sharing. 

ARTICLE IV. 
 GENERAL PROVISIONS

 4.1 Termination This Agreement shall terminate on the earlier to occur of (i) such time as both the Blackstone Entities and the Wellspring
Entities are no longer entitled to nominate a Director pursuant to Section 2.1(a) or Section 2.1(b) and (ii) upon the delivery of a written notice by the Blackstone Group and Wellspring to the Company requesting that this Agreement
terminate. 
 4.2 Notices Any notice provided for in this Agreement shall be in writing and shall be either personally delivered, or mailed first
class mail (postage prepaid) or sent by reputable overnight courier service (charges prepaid) to the Company at the address set forth below and to any other recipient at the address indicated on the Company’s records, or at such address or to
the attention of such other Person as the recipient party has specified by prior written notice to the sending party. Notices will be deemed to have been given hereunder when sent by facsimile (receipt confirmed) delivered personally, five
(5) days after deposit in the U.S. mail and one (1) day after deposit with a reputable overnight courier service. 
 The
Company’s address is: 
 Performance Food Group Company 

12500 West Creek Parkway 

Richmond, Virginia 23238 

Attention: General Counsel 
 The
Blackstone Entities’ address is: 
 The Blackstone Group L.P. 

345 Park Avenue 
 New York, NY
10154 
 Attention: Prakash A. Melwani and Bruce McEvoy 

Fax: (212) 583-5722 

  
 7 

 with a copy (not constituting notice) to: 

Simpson Thacher & Bartlett LLP 

425 Lexington Avenue 
 New York,
NY 10017 
 Attention: Igor Fert, Esq. 

Fax: (212) 455-2502 
 The
Wellspring Entities’ address is: 
 Wellspring Capital Management, LLC 

Lever House 
 390 Park Avenue 

New York, New York 10022-4608 

Attention: William F. Dawson 

Fax: (212) 318-9810 
 with a
copy (not constituting notice) to: 
 Paul, Weiss, Rifkind, Wharton & Garrison LLP 

1285 Avenue of the Americas 
 New
York, New York 10019-6064 
 Attention: James H. Schwab, Esq. 

Fax: (212) 757-3900 
 4.3 Amendment;
Waiver This Agreement may be amended, supplemented or otherwise modified only by a written instrument executed by the Company and the other parties hereto. Neither the failure nor delay on the part of any party hereto to exercise any right,
remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of any other right, remedy,
power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver shall be effective
unless it is in writing and is signed by the party asserted to have granted such waiver. 
 4.4 Further Assurances The parties hereto will sign such
further documents, cause such meetings to be held, resolutions passed, exercise their votes and do and perform and cause to be done such further acts and things necessary, proper or advisable in order to give full effect to this Agreement and every
provision hereof. To the fullest extent permitted by law, the Company shall not directly or indirectly take any action that is intended to, or would reasonably be expected to result in, any Blackstone Entity or any Wellspring Entity being deprived
of the rights contemplated by this Agreement. 
 4.5 Assignment This Agreement will inure to the benefit of and be binding on the parties hereto and
their respective successors and permitted assigns. This Agreement may not be assigned without the express prior written consent of the other parties hereto, and any attempted assignment, without such consents, will be null and void; provided,

  
 8 

 
however, that each Blackstone Entity and each Wellspring Entity shall be entitled to assign, in whole or in part, to any of its Permitted Assigns without such prior written consent any of
its rights hereunder. 
 4.6 Third Parties Except as provided for in Section 3.2 with respect to any Blackstone Entity and any Wellspring
Entity, this Agreement does not create any rights, claims or benefits inuring to any person that is not a party hereto nor create or establish any third party beneficiary hereto. 

4.7 Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to principles
of conflicts of laws thereof. 
 4.8 Jurisdiction; Waiver of Jury Trial In any judicial proceeding involving any dispute, controversy or claim
arising out of or relating to this Agreement, each of the parties unconditionally accepts the jurisdiction and venue of or, if the Court of Chancery does not have subject matter jurisdiction over this matter, the Superior Court of the State of
Delaware (Complex Commercial Division), or if jurisdiction over the matter is vested exclusively in federal courts, the United States District Court for the District of Delaware, and the appellate courts to which orders and judgments thereof may be
appealed. In any such judicial proceeding, the parties agree that in addition to any method for the service of process permitted or required by such courts, to the fullest extent permitted by law, service of process may be made by delivery provided
pursuant to the directions in Section 4.2. EACH OF THE PARTIES HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING ANY DISPUTE, CONTROVERSY OR CLAIM ARISING OUT OF OR RELATING TO
THIS AGREEMENT. 
 4.9 Specific Performance Each party hereto acknowledges and agrees that in the event of any breach of this Agreement by any of
them, the other parties hereto would be irreparably harmed and could not be made whole by monetary damages. Each party accordingly agrees to waive the defense in any action for specific performance that a remedy at law would be adequate and that the
parties, in addition to any other remedy to which they may be entitled at law or in equity, shall be entitled to specific performance of this Agreement without the posting of bond. 

4.10 Entire Agreement This Agreement sets forth the entire understanding of the parties hereto with respect to the subject matter hereof. There are no
agreements, representations, warranties, covenants or understandings with respect to the subject matter hereof or thereof other than those expressly set forth herein and therein. This Agreement supersedes all other prior agreements and
understandings between the parties with respect to such subject matter. 
 4.11 Severability If any provision of this Agreement, or the application
of such provision to any Person or circumstance or in any jurisdiction, shall be held to be invalid or unenforceable to any extent, (i) the remainder of this Agreement shall not be affected thereby, and each other provision hereof shall be
valid and enforceable to the fullest 

  
 9 

 
extent permitted by law, (ii) as to such Person or circumstance or in such jurisdiction such provision shall be reformed to be valid and enforceable to the fullest extent permitted by law
and (iii) the application of such provision to other Persons or circumstances or in other jurisdictions shall not be affected thereby. 
 4.12 Table
of Contents, Headings and Captions The table of contents, headings, subheadings and captions contained in this Agreement are included for convenience of reference only, and in no way define, limit or describe the scope of this Agreement or the
intent of any provision hereof. 
 4.13 Grant of Consent Any vote, consent or approval of the Blackstone Group or a Blackstone Entity hereunder shall
be deemed to be given with respect to such entities or entity if such vote, consent or approval is given by members of such entities or entity having a pecuniary interest in a majority of the shares of Common Stock over which all members of such
entities or entity then have a pecuniary interest. Any vote, consent or approval of Wellspring or a Wellspring Entity hereunder shall be deemed to be given with respect to such entities or entity if such vote, consent or approval is given by members
of such entities or entity having a pecuniary interest in a majority of the shares of Common Stock over which all members of such entities or entity then have a pecuniary interest. 

4.14 Counterparts This Agreement and any amendment hereto may be signed in any number of separate counterparts, each of which shall be deemed an
original, but all of which taken together shall constitute one Agreement (or amendment, as applicable). 
 4.15 Effectiveness This Agreement shall
become effective upon the Closing Date. 
 4.16 No Recourse This Agreement may only be enforced against, and any claims or cause of action that may
be based upon, arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement may only be made against the entities that are expressly identified as parties hereto and no past, present or future Affiliate,
director, officer, employee, incorporator, member, manager, partner, stockholder, agent, attorney or representative of any party hereto shall have any liability for any obligations or liabilities of the parties to this Agreement or for any claim
based on, in respect of, or by reason of, the transactions contemplated hereby. 
 [Remainder Of Page Intentionally Left Blank] 

  
 10 

 IN WITNESS WHEREOF, the parties hereto have executed this Amended and Restated Stockholders
Agreement on the day and year first above written. 
  

			
	COMPANY
	
	PERFORMANCE FOOD GROUP COMPANY
		
	By:	 	 /s/ Michael L. Miller

	Name:	 	Michael L. Miller
	Title:	 	Senior Vice President, General Counsel & Secretary

  
 [Signature Page to
Stockholders Agreement] 

 
			
	BLACKSTONE GROUP:
	
	Blackstone Capital Partners V L.P.
	Blackstone Capital Partners V-AC L.P.
		
	By:	 	Blackstone Management Associates V, LLC, its general partner
		
	By:	 	 /s/ Prakash Melwani

	Name:	 	Prakash Melwani
	Title:	 	Senior Managing Director
	
	Blackstone Family Investment Partnership V-SMD L.P.
	Blackstone Family Investment Partnership V L.P.
	Blackstone Participation Partnership V L.P.
		
	By:	 	BCP V Side-by-Side GP L.L.C., its general partner
		
	By:	 	 /s/ Prakash Melwani

	Name:	 	Prakash Melwani
	Title:	 	Senior Managing Director

  
 [Signature Page to
Stockholders Agreement] 

 
			
	WELLSPRING:
	
	Wellspring Capital Partners IV, L.P.
		
	By:	 	WCM GenPar IV, L.P., its general partner
		
	By:	 	WCM GenPar IV GP, LLC, its general partner
		
	By:	 	 /s/ William F. Dawson, Jr.

	Name:	 	William F. Dawson, Jr.
	Title:	 	Member

  
 [Signature Page to
Stockholders Agreement]

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