Document:

Exhibit 4.1

    

    

    SECOND SUPPLEMENTAL INDENTURE, dated as of December 23, 2020 (this “Supplemental Indenture”),

      to the Indenture (as defined below), between Fortress Transportation and Infrastructure Investors LLC, a Delaware limited liability company (the “Issuer”), and U.S. Bank National
      Association, as Trustee (the “Trustee”).

     

    W I T N E S S E T H

     

    WHEREAS, the Issuer has executed and delivered to the Trustee an indenture, dated as of September 18, 2018, providing for the issuance of 6.50% senior
      notes due 2025 (the “Notes”), as supplemented by the First Supplemental Indenture thereto, dated May 21, 2019 (the “Indenture”);

     

    WHEREAS, the Issuer wishes to issue $400,000,000 in aggregate principal amount of the Notes (the “Additional

          Notes”) as “Additional Notes” under the Indenture; and

     

    WHEREAS, pursuant to Sections 2.01, 2.02 and 9.01(9) of the Indenture, the Issuer and the Trustee may supplement the Indenture to provide for the
      issuance of Additional Notes without the consent of the Holders.

     

    NOW, THEREFORE, the Issuer and the Trustee agree as follows for the benefit of each other and for the equal and ratable benefit of the Holders of the
      Additional Notes:

     

    SECTION 1.  Definitions.  Unless otherwise provided herein, the capitalized terms used and
      not defined herein have the meanings ascribed to such terms in the Indenture.

     

    SECTION 2.  Additional Notes.  The Additional Notes are hereby issued under the Indenture,
      will accrue interest from and including October 1, 2020 and shall be subject to the restrictions on transfer contained in the Indenture and in the Private Placement Legend.

     

    SECTION 3.  Governing Law.  THIS SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY, AND CONSTRUED
      IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THEREOF TO THE EXTENT THAT THE APPLICATION OF THE LAW OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

     

    SECTION 4.  Waiver of Jury Trial.  EACH OF THE ISSUER AND THE TRUSTEE HEREBY IRREVOCABLY
      WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE.

     

    SECTION 5.  Benefits of Supplemental Indenture.  Nothing in this Supplemental Indenture
      shall give to any Person, other than the parties hereto, any Paying Agent, any Transfer Agent, any Registrar and its successors hereunder and the Holders any benefit or any legal or equitable right, remedy or claim under this Supplemental Indenture.

     

    
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    SECTION 6.  Successors.  All agreements of the Issuer in this Supplemental Indenture shall
      bind its successors.  All agreements of the Trustee or any Agent in this Supplemental Indenture shall bind its successors.

     

    SECTION 7.  Severability.  In case any provision in this Supplemental Indenture shall be
      invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

     

    SECTION 8.  Counterpart Originals.  The parties may sign any number of copies of this
      Supplemental Indenture.  Each signed copy shall be an original, but all of them together represent the same agreement.  The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or .pdf transmission shall constitute
      effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture and signature pages for all purposes.

     

    [Signatures on following page]

     

    
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    IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed, all as of the date first above written.

     

    	 	
            FORTRESS TRANSPORTATION AND 

            INFRASTRUCTURE INVESTORS LLC, as Issuer

          
	 	 
	 	
            By:

          	
            /s/ Joseph P. Adams Jr.

          	 

    	 	 	
            Name:

          	
            Joseph P. Adams Jr.

          
	 	 	
            Title:

          	
            Chief Executive Officer

          

    

    

    [Signature Page to Second Supplemental Indenture]

     

    

    
      
        

    

    	 	
            U.S. BANK NATIONAL ASSOCIATION, as 

            Trustee

          
	 	 	 
	 	
            By:

          	
            /s/ Joshua A. Hahn

          	 

    	 	 	
            Name:

          	
            Joshua A. Hahn

          
	 	 	
            Title:

          	
            Vice President

          

    

    

    [Signature Page to Second Supplemental Indenture]EX-10.67

 Exhibit 10.67 

EMPLOYMENT AGREEMENT 

EMPLOYMENT AGREEMENT, entered into on December 21, 2020 and effective as of January 1, 2021 (the “Effective Date”),
between Monro, Inc. (the “Company”) and Brian J. D’Ambrosia (the “Executive”). 
 WHEREAS, the
Company and the Executive are parties to an Employment Agreement dated December 30, 2016 and effective January 1, 2017 that will expire on December 31, 2020 (the “Prior Agreement”); and 

WHEREAS, the Company and the Executive wish for the Executive to continue to be employed by the Company upon the terms and conditions as set
forth herein commencing on the Effective Date; 
 NOW, THEREFORE, in consideration of the mutual covenants and promises herein contained,
and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

1. EMPLOYMENT AND DUTIES. 

1.1 Employment by the Company. The Company hereby agrees to employ the Executive for the Term (as herein defined), to render exclusive
and full-time services in the capacity of Executive Vice President and Chief Financial Officer of the Company, subject to the control and direction of the Company’s Chief Executive Officer (the “CEO”) and its Board of Directors
(the “Board”). 
 1.2 Duties/Authority. During the Term, the Executive shall have responsibility for the conduct of
the fiscal affairs of the Company and the general supervision of and control over the Company’s Finance; Information Technology; Real Estate, Facilities and Business Development; and Risk Management Departments, in each case subject to the
control and direction of the CEO and the Board. The Executive’s duties hereunder during the Term shall be consistent with the duties, responsibilities and authority generally incident to the position of Executive Vice President and Chief
Financial Officer and such other reasonably related duties as may be assigned to him from time to time by the CEO or the Board. 
 2.
TERM OF EMPLOYMENT. The “Term” of this Agreement shall commence on the Effective Date and end on December 31, 2021 (the “Initial Term”), unless sooner terminated as provided herein. Unless earlier
terminated, the Term shall automatically renew (each a “Renewal Term”) at the end of the Initial Term and on each anniversary thereafter for a period of one (1) year unless either party shall give written notice of intent not
to extend the then-current Term to the other party not later than ninety (90) days prior to the end of then-current Term. References herein to the Term shall mean the period of the Executive’s employment during the Initial Term and any
Renewal Term. 
 3. COMPENSATION. 

3.1 Salary. As consideration for services rendered, the Company shall pay the Executive a salary of $400,000 per annum (the
“Base Salary”), payable not less frequently than monthly. The Executive’s Base Salary will be reviewed annually by the Compensation Committee of the Board (the “Committee”) and may be increased (but not
decreased without the Executive’s consent) to reflect the Executive’s performance and responsibilities. 

 3.2 Annual Bonus. Pursuant to the Company’s bonus plan (the “Bonus
Plan”), the Company shall pay the Executive, within 120 days of its fiscal year-end, a cash bonus in respect of each prior fiscal year during the Term, of 30% of the Base Salary if the company
achieves its threshold performance levels and 60% of the Base Salary if the Company achieves its target level of performance set by the Committee with respect to such fiscal year, increased up to a maximum of 90% of the Base Salary if the Company
exceeds such performance targets by amounts to be determined by the Committee (the “Annual Bonus”). If this Agreement terminates other than at the end of a fiscal year either: (i) upon the expiration of the Term; or
(ii) pursuant to Section 4, and the Executive is entitled to a pro rata bonus for such partial fiscal year pursuant to Section 5 or Section 6 hereof, such pro rata bonus shall be equal to the bonus the Executive would have
received under the Bonus Plan, based on the Company’s actual performance during such fiscal year, had he been employed by the Company for the entire fiscal year, multiplied by a fraction, the numerator of which shall be the number of days
during such fiscal year he was so employed and the denominator of which shall be the number of days in such fiscal year (the “Pro Rata Bonus”). The Executive may be entitled to the Annual Bonus for the fiscal year prior to the
fiscal year in which the Executive’s employment is terminated, to the extent not yet paid (the “Preceding Bonus”). The Executive shall be entitled to receive the Preceding Bonus and/or the Pro Rata Bonus, as applicable:
(a) at the same time the annual bonuses for the same periods are paid to other senior executives of the Company; and (b) only to the extent the Board or the Committee determines to pay such bonus to the other senior executives of the
Company. The Annual Bonus shall, in all respects, be subject to the terms of the Bonus Plan. 
 3.3 Participation in Employee Benefit
Plans. The Executive shall be permitted during the Term, if and to the extent eligible, to participate in any group life, hospitalization or disability insurance plan, health program, or any pension plan or similar benefit plan of the Company,
which is available generally to other senior executives of the Company. 
 3.4 Equity Awards. During the Term, the Executive shall be
eligible to receive equity incentive awards, as determined by the Committee, that are comparable to such awards made to similarly-situated senior executives of the Company. 

3.5 Expenses. Subject to such policies generally applicable to senior executives of the Company, as may from time to time be established
by the Board, the Company shall pay or reimburse the Executive for all reasonable expenses (including travel expenses) actually incurred or paid by the Executive during the Term in the performance of the Executive’s services under this
Agreement (“Expenses”) upon presentation of expense statements or vouchers or such other supporting information as it may require. 

3.6 Vacation. During the Term, the Executive shall be entitled to such amount of vacation which is available generally to other senior
executives of the Company. 
 3.7 Additional Benefits. During the Term, the Executive shall be entitled to the use of an automobile
comparable to that provided to other senior executives in connection with the rendering of services to the Company pursuant to this Agreement, together with reimbursement for all gas, maintenance, insurance and repairs required by reason of his use
of such vehicle. 

 3.8 Controlling Document. To the extent there is any inconsistency between the terms
of this Agreement and the terms of any plan or program under which compensation or benefits are provided hereunder, this Agreement shall control. Otherwise, the Executive shall be subject to the terms, conditions and provisions of the Company’s
plans and programs, as applicable. 
 3.8 Indemnification/Insurance. The Company agrees to indemnify, defend and hold the Executive
harmless pursuant to the Company’s governing documents against any and all losses, judgments, liabilities, claims, fines and amounts paid in settlement of, and expenses (including attorneys’ fees and expenses) incurred by him in connection
with any claim in connection with or arising out of the Executive’s service as an officer or director to the Company or any of its subsidiaries or affiliates (and the service at the request of the Company as a director, officer, member,
employee, or agent of another corporation or a partnership, joint venture, trust, or other enterprise), and the defense of any action or proceeding (or any appeal therefrom) in which he is a party by reason of the fact that the Executive is or was
an officer or director of the Company, but in all events excluding the Executive’s fraud or intentional misconduct. To the extent provided by its policies, the Company agrees to advance all of the Executive’s reasonable attorneys’
fees, costs and expenses of independent counsel selected by and representing the Executive in connection with any such action or proceeding, provided that such selection shall be subject to the Company’s written consent (which shall not be
unreasonably withheld). The Executive shall promptly repay any such advance if there is a final determination by a court that the Executive was not entitled to indemnification in connection therewith. Without limiting the foregoing, the Company
agrees that it shall maintain directors’ and officers’ and errors and omissions liability insurance, which insurance shall cover the Executive during the Term and following the termination thereof for any or no reason for a period of not
less than six (6) years, on the same basis as such coverage is provided to the Company’s directors and other executive officers. 

3.9 Clawback Policy. The Executive agrees and acknowledges that all compensation paid to him shall be subject to any applicable
clawback/recoupment policy adopted by the Board or the Compensation Committee. 
 4. TERMINATION OR REMOVAL FROM DUTIES. 

4.1 Termination Upon Death. This Agreement shall terminate automatically upon the Executive’s death. 

4.2 Removal from Position Upon Disability. If during the Term, as a result of a physical or mental incapacity or infirmity, the
Executive is unable to perform the essential functions of his job with or without reasonable accommodation for a period or periods aggregating 90 days during any 12-month period, the Executive shall be deemed
disabled (his “Disability”) and the Company, by written notice to the Executive, shall have the right to remove him from his position. The Executive’s status as an inactive employee of the Company shall continue after such
removal for the period of time that his Disability continues. However, the Company shall have no obligation to reinstate or otherwise continue the Executive’s employment if he should recover from his Disability and any such termination shall
not constitute a termination without Cause or without Good Reason (as herein defined). The existence of his Disability shall be determined by a reputable, licensed physician selected by the Company in good faith, whose determination shall be final
and binding on the parties. 

 4.3 Termination for Cause. The Company may at any time, by written notice to the
Executive, terminate the Executive’s employment hereunder for Cause. For purposes hereof, the term “Cause” shall mean: (A) the Executive’s conviction of or pleading guilty or no contest to a felony; (B) failure
or refusal of the Executive in any material respect (i) to perform the duties of his employment or to follow the lawful and proper directives of the CEO or the Board, provided such duties or directives are consistent with this Agreement and
such duties or directives have been given to the Executive in writing, or (ii) to comply with the reasonable and substantial written policies, practices, standards or regulations of the Company (so long as same are not inconsistent with this
Agreement) as may be established from time to time, if such failure or refusal under either clause (i) or clause (ii) continues uncured for a period of ten days after written notice thereof, specifying the nature of such failure or refusal
and requesting that it be cured, is given by the Company to the Executive; (C) any willful or intentional act of the Executive committed for the purpose, or having the reasonably foreseeable effect, of injuring the Company, its business or
reputation or of improperly or unlawfully converting for the Executive’s own personal benefit any property of the Company; or (D) any violation or breach of the provisions of Section 7 of this Agreement. For the avoidance of doubt,
the Company’s failure to attain operating or other goals shall not be grounds for a termination for “Cause”. 
 4.4
Termination without Cause. The Company may terminate the Executive’s employment without Cause at any time. 
 4.5 Termination
with or without Good Reason. With 45 days’ prior written notice to the Company, this Agreement and the Executive’s employment hereunder may be terminated by the Executive with or without Good Reason. For purposes of this Agreement,
“Good Reason” means if the Executive is able to document, to the reasonable satisfaction of the Company’s outside counsel, that the reason for such resignation is as a direct result of either: (i) the Company’s
material breach of this Agreement; or (ii) the Board or the CEO requiring the Executive to act, or omit to act, in a way that the Executive reasonably believes is illegal; provided, however, that a termination by the Executive for Good Reason
pursuant to (i) or (ii) shall be effective only if, within 30 days following the delivery of written notice of a termination for Good Reason by Executive to the Company, the Company has failed to cure the circumstances giving rise to the Good
Reason. The written notice of termination for Good Reason must specify in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated, if applicable.
Any resignation or termination pursuant to the terms of this Section shall not constitute a breach of this Agreement by either party. 

5. RIGHTS AND OBLIGATIONS OF THE COMPANY AND THE EXECUTIVE UPON TERMINATION, OR REMOVAL. Other provisions of this Agreement
notwithstanding, and except as otherwise provided by Section 6 hereof, upon the occurrence of an event described in Section 4, the parties shall have the following rights and obligations: 

5.1 Death. If the Executive’s employment is terminated during the Term by reason of the Executive’s death, the Company shall
pay the Executive’s estate in one lump sum amount, one year’s Base Salary (as in effect as of the date of termination) payable on the six-month anniversary of the date of the Executive’s death;
plus (B) any Preceding and/or Pro Rata Bonus to which the Executive is entitled, which shall be paid in accordance with Section 3.2. Any outstanding equity awards shall be treated as specified in the applicable equity plan and award
agreement. 

 5.2 Disability. 

(A) If the Executive is removed from his position during the Term because of a Disability, the Executive, for the period of
time during which his Disability continues, may continue to participate in certain of the employee benefit plans in which he participated immediately prior to his removal. These benefits would include participation in, as applicable and to the
extent defined in the Company’s applicable plans, group life, medical/dental and disability insurance plans, each at the same ratio of employer/employee contribution as applicable to the Executive immediately prior to his removal; and,
thereafter, at the same ratio of employer/employee contribution as then-applicable to other executive-level employees in the Company. In addition, the Executive shall be entitled to compensation and benefits accrued through the date of his removal
from his duties, including any amounts payable to the Executive under any Company profit sharing or other employee benefit plan up to the date of removal, to the extent permitted under the terms of such plan. For avoidance of doubt, the payment of
any bonus to which the Executive may be entitled for the period of time up to the date of his removal pursuant to Section 4.2 hereof, would be paid pursuant to Section 5.2(B), below. However, the Executive’s rights to bonuses and
fringe benefits accruing after his removal, if any, shall cease upon such removal; provided, however, that nothing contained in this Agreement is intended to limit or otherwise restrict the availability of any benefits to the Executive required to
be provided pursuant to Section 4980B of the Code. 
 (B) If the Executive is removed from his position during the Term
because of a Disability, the Executive shall be entitled to payments equal to one year’s Base Salary (as in effect as of the date of removal) payable as continued payment of Base Salary (payable in accordance with the Company’s payroll
practice); plus (ii) any Preceding and/or Pro Rata Bonus to which the Executive is entitled (payable in accordance with Section 3.2). Any outstanding equity awards shall be treated as specified in the applicable equity plan and award
agreement. 
 5.3 Termination for Cause or without Good Reason. If the Executive’s employment shall be terminated during the Term
(A) by the Company for Cause, or (B) by the Executive without Good Reason, the Company shall pay to the Executive his Base Salary through the date of termination at the rate then in effect and shall reimburse the Executive for any Expenses
incurred but not yet paid and shall have no further obligations to the Executive under this Agreement. 
 5.4 Termination without Cause or
with Good Reason; Termination Due to Nonrenewal by the Company. If the Executive’s employment is terminated (A) during the Term (x) by the Company without Cause, or (y) by the Executive with Good Reason, or (B) due to
nonrenewal of the Term by the Company pursuant to Section 2, the Company shall pay (unless otherwise noted, in the normal course) to the Executive or provide the following amounts or benefits: 

(i) to the extent not yet paid, the Executive’s Base Salary through the date of termination at the rate in effect on the
date of termination; 
 (ii) one year’s Base Salary (as in effect as of the date of termination), payable as continued
payment of Base Salary (payable in accordance with the Company’s payroll practice); 

 (iii) payment of the Preceding and/or Pro Rata Bonus to which the Executive
is entitled, payable in accordance with Section 3.2; and 
 (iv) any and all time-vesting equity awards that have been
granted to the Executive (that have neither expired nor been previously exercised by the Executive) through the termination date shall be deemed fully vested on such termination date and, to the extent applicable, exercisable for a period of 90 days
following such date (but, in no case, beyond each such award’s specified expiration date), and any performance-vesting equity awards shall be eligible to vest on a pro rata basis based on the period of time the Executive was employed during the
performance period and achievement of the applicable performance goals, all in accordance with the other terms of any such plan or grant. 

All payments to be provided to the Executive under this Section 5.4 shall be subject to the Executive’s (x) compliance with the
restrictions in Section 7 and (y) execution, within 60 days of the Executive’s termination, of a general release and waiver of claims against the Company, its officers, directors, employees and agents from any and all liability
arising from the Executive’s employment relationship with the Company (which release will include an agreement between both parties not to disparage the other) that is not revoked. 

6. CHANGE IN CONTROL. 

6.1 In the event of the occurrence of a Change in Control of the Company, the Executive shall remain employed by the Company, pursuant to the
terms and conditions of this Agreement. If, within two years after the Change in Control, (A) the Executive’s employment is terminated without Cause or with Good Reason, (B) the Term ends due to nonextension of the Term by the Company
pursuant to Section 2, or (C) the Executive resigns following: 
 (i) a material diminution in his duties as set
forth in Section 1.2 of this Agreement; or 
 (ii) in the case of the sale of the Company, the Executive either:
(a) is not offered a comparable position by the buyer; or (b) is required by the buyer to be based anywhere beyond 50 miles from the Company’s current offices in Rochester, New York (except for required travel on Company business to
an extent substantially consistent with that preceding the Change in Control), (either (i) or (ii), a “Resignation for Good Cause”), then the Executive shall be entitled to the benefits described in Section 6.2. 

6.2 Upon a termination without Cause or with Good Reason in a Change in Control, the Term ends due to nonextension of the Term by the Company
or a Resignation for Good Cause described in Section 6.1 during the Term, the Executive will receive in one lump sum amount, unless otherwise noted: 

(A) to the extent not yet paid, the Executive’s Base Salary through the date of termination at the rate in effect on the
date of termination; 
 (B) two year’s Base Salary (as in effect as of the date of such termination or resignation),
payable as continued payment of Base Salary (payable in accordance with the Company’s payroll practice); 

 (C) payment of the Preceding and/or Pro Rata Bonus to which the Executive
is entitled, payable in accordance with Section 3.2; and 
 (D) any and all time-vesting equity awards that have been
granted to the Executive (that have neither expired nor been previously exercised by the Executive) through the termination date shall be deemed fully vested on such termination date and, to the extent applicable, exercisable for a period of 90 days
following such date (but, in no case, beyond each such award’s specified expiration date), and any performance-vesting equity awards shall be eligible to vest on a pro rata basis based on the period of time the Executive was employed during the
performance period and achievement of the applicable performance goals, all in accordance with the other terms of any such plan or grant. 

All payments to be provided to the Executive under this Section shall be subject to the Executive’s (x) compliance with the
restrictions in Section 7 and (y) execution, within 60 days of the Executive’s termination, of a general release and waiver of claims against the Company, its officers, directors, employees and agents from any and all liability
arising from the Executive’s employment relationship with the Company (which release will include an agreement between both parties not to disparage the other) that is not revoked. 

6.3 For purposes of this Agreement, a “Change in Control” shall mean any of the following: (A) any person who is not an
“affiliate” (as defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended) of the Company as of the date of this Agreement becomes the beneficial owner, directly or indirectly, of
50% or more of the combined voting power of the then outstanding securities of the Company except pursuant to a public offering of securities of the Company; (B) the sale of the Company substantially as an entity (whether by sale of stock, sale
of assets, merger, consolidation, or otherwise) to a person who is not an affiliate of the Company as of the date of this Agreement; or (C) there occurs a merger, consolidation or other reorganization of the Company with a person who is not an
affiliate of the Company as of the date of this Agreement, and in which shareholders of the Company immediately preceding the merger hold less than 50% (the voting and consent rights of Class C Preferred Stock shall be disregarded in this
calculation) of the combined voting power for the election of directors of the Company immediately following the merger. For purposes of this Section 6.3, the term “person” shall include a legal entity, as well as an individual. A
Change in Control shall not be deemed to occur because of the sale or conversion of any or all of Class C Preferred Stock of the Company unless there is a simultaneous change described in clauses (A), (B) or (C) of the preceding sentence.

 7. CONFIDENTIALITY AND COVENANT AGAINST COMPETITION. 

7.1 Non-Disclosure. 

(A) The Executive shall forever hold in a fiduciary capacity for the benefit of the Company all secret or confidential
information, knowledge or data relating to the Company or any of its affiliated companies, and their respective businesses, which shall have been obtained by the Executive during the Executive’s employment by the Company or any of its
affiliated companies and which shall not be public knowledge (other than as a result of a breach of this Section 7.1 by the Executive). The Executive shall not, without the prior written consent of the Company or except as required by law or in
a judicial or administrative proceeding with subpoena powers, communicate or divulge any such information, knowledge or data to anyone other than the Company and those designated by it. 

 (B) Notwithstanding the foregoing, nothing in this Agreement shall
(i) prohibit the Executive from making reports of possible violations of federal law or regulation to any governmental agency or entity in accordance with the provisions of and rules promulgated under Section 21F of the Securities Exchange
Act of 1934 or Section 806 of the Sarbanes-Oxley Act of 2002, or of any other whistleblower protection provisions of state or federal law or regulation, or (ii) require notification or prior approval by the Company of any reporting
described in clause (i). 
 (C) Pursuant to The Defend Trade Secrets Act (18 USC § 1833(b)), the Executive may not be
held criminally or civilly liable under any federal or state trade secret law for disclosure of a trade secret: (i) made in confidence to a government official, either directly or indirectly, or to an attorney, solely for the purpose of
reporting or investigating a suspected violation of law; and/or (ii) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. Additionally, the Executive, if suing the Company for retaliation
based on the reporting of a suspected violation of law, may disclose a trade secret to his attorney and use the trade secret information in the court proceeding, so long as any document containing the trade secret is filed under seal and the
Executive does not disclose the trade secret except pursuant to court order. 
 7.2
Non-Competition. The Executive will not, during the period of the Executive’s employment with the Company, and for a period of one year thereafter, directly or indirectly, (a) engage in (as a
principal, partner, director, officer, stockholder (except as permitted below), agent, employee, consultant or otherwise); or (b) be financially interested in, any entity materially engaged in any portion of the business of the Company within
the territory served, or contemplated to be entered, by the Company on the date of such termination of employment. Nothing contained herein shall prevent the Executive from owning beneficially or of record not more than five percent of the
outstanding equity securities of any entity whose equity securities are registered under the Securities Act of 1933, as amended, or are listed for trading on any recognizable United States or foreign stock exchange or market. The business of the
Company shall be defined to include the automotive repair/maintenance services, as well as the sale and service of tires and related accessories, each of which shall be deemed a portion of the business. 

7.3 Non-Solicitation of Employees. The Executive will not, during the period of the
Executive’s employment with the Company, and for a period of one year after the termination of the Executive’s employment with the Company for any reason, directly or indirectly, recruit, solicit or otherwise induce or attempt to induce
any employee of the Company to leave the employment of the Company, nor hire any such employee at any enterprise with which the Executive is then affiliated. 

 7.4 Enforceability of Provisions. If any restriction set forth in this Section 7
is found by any court of competent jurisdiction to be unenforceable because it extends for too long a period of time or over too great a range of activities or in too broad a geographic area, it shall be interpreted to extend only over the maximum
period of time, range of activities or geographic area as to which it may be enforceable, it being understood and agreed that by the execution of this Agreement, the parties hereto regard the restrictions herein as reasonable and compatible with
their respective rights. 
 7.5 Remedy for Breach. The Executive hereby acknowledges that the provisions of this Section 7 are
reasonable and necessary for the protection of the Company and its respective subsidiaries and affiliates. In addition, the Executive further acknowledges that the Company and its respective subsidiaries and affiliates will be irrevocably damaged if
such covenants are not specifically enforced. Accordingly, the Executive agrees that, in addition to any other relief to which the Company may be entitled, the Company will be entitled to seek and obtain injunctive relief (without the requirement of
any bond) from a court of competent jurisdiction for the purposes of restraining the Executive from an actual or threatened breach of such covenants. In addition, and without limiting the Company’s other remedies, in the event of any breach by
the Executive of such covenants, the Company will have no obligation to pay any of the amounts that remain payable by the Company in Sections 5 and 6 of this Agreement. 

8. EXECUTIVE’S REPRESENTATIONS. The Executive represents that he is not precluded from performing this employment by reason
of a preexisting contractual restriction or physical or mental disability. Upon any breach or inaccuracy of the foregoing, the terms and benefits of this Agreement shall be null and void. The Executive shall indemnify and hold harmless the Company
from and against any and all claims, liabilities, damages and reasonable costs of defense and investigation arising out of any breach or inaccuracy in any of the foregoing representations. 

9. OTHER PROVISIONS. 

9.1 Withholdings. The Company may withhold from any amounts payable under this Agreement such federal, state or local taxes as shall be
required to be withheld pursuant to any applicable law or regulation. 
 9.2 Notices. Any notice or other communication required or
which may be given hereunder shall be in writing and shall be delivered personally, telecopied, or sent by certified, registered or express mail, postage prepaid, to the parties at the following addresses or at such other addresses as shall be
specified by the parties by like notice, and shall be deemed given when so delivered personally, telecopied or if mailed, two days after the date of mailing, as follows: 
  

	 	(a)	 if to the Company, to it at: 

Monro, Inc. 
 200 Holleder
Parkway 
 Rochester, New York 14615 

Attention: Chief Executive Officer 

with a copy to: 
 Monro, Inc.

 200 Holleder Parkway 

Rochester, New York 14615 

Attention: General Counsel 

	 	(b)	 if to the Executive, to him at: 

500 Webster Road 
 Webster, New
York 14580 
 9.3 Entire Agreement. This Agreement contains the entire understanding of the Company and the Executive with respect to
the subject matter hereof and supersedes all prior written or verbal understandings with respect thereto (including, effective as of the Effective Date, the Prior Agreement). 

9.4 Waivers and Amendments. This Agreement may not be amended or modified otherwise than by a written agreement executed by the parties
hereto or their respective successors and legal representatives. No delay on the part of any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any waiver on the part of any party of any right,
power or privilege hereunder, nor any single or partial exercise of any right, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, power or privilege hereunder. 

9.5 Governing Law; Jurisdiction. This Agreement shall be governed by and construed and enforced in accordance with and subject to, the
laws of the State of New York applicable to agreements made and to be performed entirely within such state. The courts of New York and the United States District Courts for New York shall have jurisdiction over the parties with respect to any
dispute or controversy between them arising under or in connection with this Agreement. 
 9.6 Assignment. This Agreement shall inure
to the benefit of and shall be binding upon the Company and its successors. This Agreement is personal to the Executive and shall not be assignable by Executive otherwise than by will or the laws of descent and distribution. The Company will require
any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to
the same extent that the Company would be required to perform it if no such succession had taken place. As used in this Agreement, “Company” shall mean the Company as hereinbefore defined and any successor to its business and/or
assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise. 
 9.7 Headings. The
headings in this Agreement are for reference purposes only and shall not in any way affect the meaning or interpretation of this Agreement. 

9.8 Severability. If any term, provision, covenant or restriction of this Agreement, or any part thereof, is held by a court of
competent jurisdiction of any foreign, federal, state, county or local government or any other governmental, regulatory or administrative agency or authority to be invalid, void, unenforceable or against public policy for any reason, the remainder
of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated. 

9.9 Section 280G. In the event that the Executive becomes entitled to any payments or benefits under this Agreement and any portion of
such payments or benefits, when combined with any other payments or benefits provided to Executive (including, without limiting the generality of the foregoing, by reason of the exercise or vesting of any stock options or the receipt or vesting of
any other equity awards), which in the absence of this Section 9.9 would be subject to the tax (the “Excise Tax”) imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”), then the amount
payable to the Executive under this Agreement shall, either (A) be reduced to the largest amount or greatest right such that none of the amounts payable to the Executive under this Agreement and any other payments or benefits received or to

 
be received by Executive as a result of, or in connection with, an event constituting a change in the ownership or effective control of the Company or in the ownership of a substantial portion of
the assets of the Company (within the meaning of Section 280G(b)(2)(A) of the Code) or the termination of employment shall be treated as “parachute payments” within the meaning of Section 280G(b)(2) of the Code or (B) be
made in full, with Executive bearing full responsibility for any Excise Tax liability, whichever of (A) or (B) provides the Executive with a larger net after-tax amount. The Company shall cooperate in
good faith with the Executive in making such determination, including but not limited to providing the Executive with an estimate of any parachute payments as soon as reasonably practicable prior to an event constituting a change in the ownership or
effective control of the Company or in the ownership of a substantial portion of the assets of the Company (within the meaning of Section 280G(b)(2)(A) of the Code). Any reduction pursuant to this Section 9.9 shall be made in a manner
compliant with Section 409A of the Code. This Section 9.9 shall apply in lieu of any provision applicable to the Executive under any other agreement or arrangement (including the Plan) with respect to Section 4999 of the Code. All
determinations with respect to this Section 9.9 shall be made by an independent nationally recognized certified public accounting firm reasonably acceptable to the Executive at the Company’s sole expense. The after tax amount shall be
calculated, as applicable, using the maximum marginal income tax rates for each year in which the payment is payable to the Executive (based upon the rates in effect for such year as set forth in the Code at the relevant time). 

9.10 Section 409A. The compensation and benefits provided under this Agreement are intended to qualify for an exemption from or to
comply with the requirements of Section 409A of the Code and the treasury regulations and other official guidance issued thereunder (collectively, “Section 409A”), so as to prevent the inclusion in gross
income of any compensation or benefits accrued hereunder in a taxable year prior to the taxable year or years in which such amount would otherwise be actually distributed or made available to the Executive, and this Agreement shall be administered
and interpreted consistent with such intention. For purposes of Sections 4, 5 and 6 of this Agreement, “removal,” “termination of the Executive’s employment” and words of similar import mean a “separation from
service” with the Company as defined by Section 409A. The reimbursement of taxable expenses such as contemplated in Sections 3.5 and 3.7 to the Executive shall be made no later than the end of the year following the year in which the
expense was incurred, and the expenses reimbursed in one year shall not affect the expenses eligible for reimbursement in any other year. Where the 60-day period for the Executive to execute and not revoke a
general release and waiver begins in one calendar year and ends in the following calendar year, payment shall be made no sooner than the first day of the following calendar year. Each payment shall be a payment in a series of separate payments for
all purposes under Section 409A. If the Executive is a “specified employee” within the meaning of Section 409A at the time of his “separation from service” within the meaning of Section 409A, then any payment
otherwise required to be made to him under this Agreement on account of his separation from service, to the extent such payment (after taking in to account all exclusions applicable to such payment under Section 409A) is properly treated as
deferred compensation subject to Section 409A, shall not be made until the first business day after (i) the expiration of six months from the date of the Executive’s separation from service, or (ii) if earlier, the date of the
Executive’s death (the “Delayed Payment Date”) and, on the Delayed Payment Date, there shall be paid to the Executive or, if the Executive has died, to the Executive’s estate, in a single cash lump sum, an amount equal to
aggregate amount of the payments delayed pursuant to the preceding clause. 
 9.11 Counterparts. This Agreement may be executed in two
(2) or more counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. 

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

			
	MONRO, INC.
		
	By:	 	/s/ Robert E. Mellor
		 	Name: Robert E. Mellor
		 	Title: Interim Chief Executive Officer
		
		 	 /s/ Brian J. D’Ambrosia

		 	Brian J. D’Ambrosia

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