Document:

Exhibit

August 3, 2018
PERSONAL AND CONFIDENTIAL
Tom Douglas Moeller
3113 Woodcreek Drive
Downers Grove, Illinois 60515

Re:    Special Retention Compensation

Dear Mr. Moeller:
In recognition of your continued service to FTD Companies, Inc. (the “Company”), including its wholly-owned subsidiary Florists’ Transworld Delivery, Inc. (“FTD”), the Company hereby provides to you an opportunity to earn certain additional compensation (“Retention Compensation”) if you meet the requirements set forth herein.  This letter agreement (this “Letter”) sets forth the terms and conditions of your Retention Compensation opportunity, including the requirements that you must meet to receive each element of Retention Compensation.  This Letter will be effective, and you will be eligible for the Retention Compensation, as of July 18, 2018 (the “Effective Date”), provided that you sign and return the enclosed copy of this Letter to the Company on or prior to August 3, 2018.
1.Retention Bonus Opportunity.  If you remain in the continuous employ of the Company until the first to occur of (a) the first anniversary of the Effective Date, (b) the consummation of a Transaction, and (c) your Involuntary Termination ((a), (b), or (c), as applicable, the “Retention Bonus Trigger”), then you will be entitled to a cash bonus payout in an amount equal to $200,000.00 (the “Retention Bonus”).  If earned, the Retention Bonus will be paid to you in a lump sum as soon as practicable (but no later than 60 days) following the date on which the Retention Bonus Trigger occurs, contingent on your satisfaction of the Release Conditions in the event the Retention Bonus Trigger is your Involuntary Termination.

2.Transaction Bonus Opportunity.  If you remain in the continuous employ of the Company until the consummation of a Transaction, then you will be entitled to a cash bonus payout in an amount equal to $200,000.00 (the “Transaction Bonus”), provided that the Company enters into an agreement or agreements the consummation of which would result in such Transaction (collectively, the “Transaction Agreement”) no later than the second anniversary of the Effective Date.  If earned, the Transaction Bonus will be paid to you in a lump sum as soon as practicable (but no later than 30 days) following the date of the consummation of the Transaction.  Notwithstanding the foregoing, if you experience an Involuntary Termination and either (a) such Involuntary Termination occurs prior to the second anniversary of the Effective Date, or (b) the Company has, prior to the second anniversary of the Effective Date, entered into the Transaction Agreement, and such 

Involuntary Termination occurs after such Transaction Agreement is entered into but prior to the consummation of such Transaction or the termination of such Transaction Agreement without the consummation of such Transaction, then you will be entitled to receive the Transaction Bonus, which will be paid to you in a lump sum as soon as practicable (but no later than 60 days) following date of such Involuntary Termination, contingent on your satisfaction of the Release Conditions.

3.Not in Lieu of and No Impact On Annual Cash Incentive Opportunity.  For the avoidance of doubt, the bonus opportunities described in this Letter are in addition to, and not in lieu of, any annual cash incentive opportunity with the Company that may otherwise be applicable to you.  

4.Certain Defined Terms. 

		
	(a)
	Involuntary Termination.  For purposes of this Letter, “Involuntary Termination” will mean a termination of your employment with FTD by the FTD “without cause” or by you for “good reason,” in each case as defined in the Employment Agreement, dated as of March 27, 2010, by and between FTD and you, as amended (the “Employment Agreement”). 

		
	(b)
	Transaction.  For purposes of this Letter, “Transaction” will mean, collectively:  (i) a public offering or private placement of debt or equity securities of the Company, provided that the gross proceeds thereof exceed $75,000,000; (ii) the repayment or permanent refinancing of the outstanding debt under the Company’s existing credit agreement; (iii)  the occurrence of any Change in Control (as defined in the FTD Companies, Inc. Third Amended and Restated 2013 Incentive Compensation Plan); or (iv) any other transaction that the Board of Directors of the Company may hereafter determine should be treated as a Transaction for purposes of this Letter.

5.Tax Withholding.  The Company may withhold from any payments owed to you under this Letter all federal, state, city or other taxes as may be required to be withheld pursuant to any law or governmental regulation or ruling.  Notwithstanding any other provision of this Letter, the Company is not obligated to guarantee any particular tax result for you with respect to any payment provided to you hereunder, and you will be responsible for any taxes imposed on you with respect to any such payment.

6.Section 409A.  Sections 7(e), 7(f), and 7(g) of the Employment Agreement (regarding Section 409A of the Internal Revenue Code of 1986, as amended) is hereby incorporated by reference and made a part of this Letter.

7.Complete Agreement.  This Letter, along with Sections 7(e), 7(f) and 7(g) of the Employment Agreement, embodies the complete agreement and understanding 

between the parties with respect to the subject matter hereof and effective as of its date supersedes and preempts any prior understandings, agreements or representations by or between the parties, written or oral, which may have related to the subject matter hereof in any way.

8.Successors and Assigns. This Letter will bind and inure to the benefit of and be enforceable by you, the Company and your and the Company’s respective heirs, executors, personal representatives, successors and assigns, except that neither party may assign any rights or delegate any obligations hereunder without the prior written consent of the other party.  Notwithstanding the foregoing, you hereby consent to the assignment by the Company of all of its rights and obligations hereunder to (a) any successor to the Company by merger or consolidation or purchase of all or substantially all of the Company’s assets or (b) any affiliate of the Company, provided such successor or affiliate assumes the liabilities of the Company hereunder.

9.Amendment and Waiver.  The provisions of this Letter may be amended or waived only with the prior written consent of the Company and you.

10.Governing Law.  This Letter will be construed, interpreted and governed in accordance with the laws of Illinois without reference to such state’s rules relating to conflicts of law.

11.Counterparts.  This Letter may be executed in separate counterparts, each of which will be deemed an original, and both of which together will constitute one and the same instrument.

[SIGNATURE PAGE FOLLOWS]

Very truly yours,

FTD COMPANIES, INC.

By:       /s/ Scott D. Levin                   
Name: Scott D. Levin
Title:   Interim President & CEO
            

ACKNOWLEDGED AND AGREED, with the effect set forth above,

     /s/ Tom Douglas Moeller                   
Recipient Name:  Tom Douglas Moeller    

Date:  August 3, 2018pyxusinternationalincspe

                                                                                                                                                                  COUNTERSIGNED AND REGISTERED:                                                                                                                                                                                  AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC                                                                                                                                                                                  BROOKLYN, NY                                                                                                                                                                                                                                                                  TRANSFER AGENT AND REGISTRAR                                                                                                                                                                                                                                                                                                                                                                       BY:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              AUTHORIZED SIGNATURE SHARES                   SPECIMEN                                         C O M M O N  S T O C K                                                                               CUSIP 74737V 10 6 CUSIP 74737V                                                                  SEE  REVERSE FOR  CERTAIN DEFINITIONS                                                                                                                                                                                                                                                                                                                                       PRESIDENT                                                                                                                                                                                                                                                                                                                                             AND CHIEF EXECUTIVE OFFICER                                                                                                                                                                                                               .                                                                                                                                                                                                               nc                                                                                                                                                                                                               , I                                                                                                                                                                                                                                                  Transfer Agent and Registrar.  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                                                                                                                                                                                                  yxus                                                                                                                                                                                                               P                                                         PYXUS INTERNATIONAL, INC. PYXUS INTERNATIONAL,                                                                  INCORPORATED UNDER THE LAWS OF THE COMMONWEALTH OF VIRGINIA THE COMMONWEALTH  OF THE LAWS  UNDER INCORPORATED                                                                                                                                  SPECIMEN - NOT NEGOTIABLE                                                                                                                                                                                                                                                                                                                                      SECRETARY                                                                                                       :                                                                                                       hat                                                                                                                                                                                                   FULLY PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK, NO PAR VALUE, OF VALUE,   NO PAR AND NON-ASSESSABLE SHARES OF COMMON STOCK,   PAID FULLY                                                                                                        T                                                                                                                                                                           of                                                                                                                                                                                                                                                                                   ertifies                                                                                                                                                                           owner                                                                                                                                                                                                                                                                                                                                                                                                                            This certificate is not valid unless countersigned and registered by the This certificate is not valid unless countersigned  and the facsimile signatures of its duly authorized officers. WITNESS the facsimile seal of the Corporation                                                                                                        C                                                                                                                                                                                                                                                                                   :                                                                                                                                                                                                                                                                                   d                                                                                                                                                                           the                                                                                                                                                                                                                                                                                   his NUMBER                                                                                                                                                                           is                                                                                                       T                                                                                                                                                                                                                                                                                   ate                                                                                                                                                                                                                        transferable on the  books  of the Corporation by the holder hereof in person properly endorsed. or by duly authorized attorney upon surrender of this certificate                     PX                                                                                                                                                                                                                                                                                   D                                                                                                                                                                                                                                                                                                                    SPECIMEN                                                                                                                                                                                                                                                                                                                               not negotiable 

 

                                    PYXUS INTERNATIONAL, INC. The Corporation will furnish to any shareholder, without charge and upon request in writing to the office of the Corporation,  a full statement of the designations, relative rights, preferences and limitations of the shares of each class authorized to  be issued, and the variations in the relative rights, preferences and limitations between the shares of each series of any  class of shares authorized to be issued in series, so far as the same have been fixed and determined, and the authority of  the board of directors to fix and determine the relative rights, preferences and limitations of subsequent series of shares  of any such class.         The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as  though they were written out in full according to applicable laws or regulations:    TEN COM  -  as tenants in common            UNIF GIFT MIN ACT - ....................Custodian....................   TEN ENT   -  as tenants by the entireties                              (Cust)                          (Minor)   JT TEN    -  as joint tenants with right of                       under Uniform Gifts to Minors             survivorship  and not as                tenants in common                                             Act...................                                                                                      (State)                      Additional abbreviations may also be used though not in the above list.            For Value Received,                                                  hereby sell, assign and transfer unto     PLEASE INSERT SOCIAL SECURITY OR OTHER       IDENTIFYING NUMBER OF ASSIGNEE                                                                                                                                                                                                                                                                                                                                           (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Shares of the capital stock represented by the within Certificate, and do hereby irrevocably constitute and appoint                                                                                                                                                                  Attorney to transfer the said stock on the books of the within named Corporation with full power of substitution in the  premises.  Dated                                                                                                                                                                                                                                                        NOTICE: THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE FACE                                OF THE CERTIFICATE, IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER. Signature(s)  Guaranteed  By                                                                                                               The Signature(s) must be guaranteed by an eligible guarantor institution  (Banks, Stockbrokers, Savings and Loan Associations and Credit Unions  with membership in an approved Signature Guarantee Medallion Program),  pursuant to SEC Rule 17Ad-15.   KEEP THIS CERTIFICATE IN A SAFE PLACE. IF IT IS LOST, STOLEN, MUTILATED OR DESTROYED, THE CORPORATION  MAY REQUIRE A BOND OF INDEMNITY AS A CONDITION TO THE ISSUANCE OF A REPLACEMENT CERTIFICATE.

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