Document:

Exhibit 10.16

 

INDEPENDENT DIRECTOR AGREEMENT

 

INDEPENDENT DIRECTOR AGREEMENT,
effective as of October __, 2021 (this “Agreement”), by and between Snow
Lake Resources Ltd., a company incorporated in the Province of Manitoba, Canada (the “Company”), and [ ]
(the “Director”).

 

RECITALS

 

A.   The
Company has proposed to raise additional capital through an initial public offering (“IPO”) of the Company’s
common shares and, in connection with the IPO, the Company proposes to file with the United States Securities and Exchange Commission
a registration statement on Form F-1 (the “Form F-1 Registration Statement”) relating to the registration of the IPO
shares under Section 5 of the Securities Act of 1933, as amended; and

 

B.   The
Company desires to appoint the Director to serve on the Company’s board of directors (the “Board”) and the Director
desires to accept such appointment to serve on the Board; and

 

C.   The
Director may be appointed as a member of one or more committees of the Board; and

 

D.   The
Director may also be appointed to serve as Chairperson of one or more committees of the Board.

 

AGREEMENT

 

NOW THEREFORE, in consideration
of the foregoing and the Director’s services to the Company as a member of the Board, as a member of such Committees of the Board
to which he may be appointed from time to time and as Chairperson of one or more committees to which he may be appointed in such capacity
from time to time, and intending to be legally bound hereby, the Company and the Director hereby agree as follows:

 

1.   Appointment;
Duties.

 

(a)   Appointment.
The Director shall be appointed to serve as a member of the Board effective as of [ ].

 

(b)   General
Duties. The Company requires that the Director be available to perform the duties of an independent director customarily related to
this function as may be determined and assigned by the Board and as may be required by the Company’s constituent instruments, including
its Articles of Incorporation, as amended from time to time (“Articles”) and its corporate governance and board committee
charters, each as amended or modified from time to time, and by applicable law, including The Corporations Act (Manitoba). The
Director agrees to devote as much time as is necessary to perform completely the duties as a Director of the Company, including duties
as a member of one or more committees of the Board, to which the Director may hereafter be appointed. The Director will perform such duties
described herein in accordance with the general fiduciary duty of directors and as required pursuant to applicable law, including The
Corporations Act (Manitoba).

 

     

     

    

 

(c)   Conflicts
of Interest. In the event that the Director has a direct or indirect financial or personal interest in a contract or transaction to
which the Company is a party, or the Director is contemplating entering into a transaction that involves use of corporate assets or competition
against the Company, the Director shall promptly disclose such potential conflict to the Board and proceed as directed by the Board, as
required pursuant to applicable law, including The Corporations Act (Manitoba).

 

(d)   Corporate
Opportunities. Whenever the Director becomes aware of a business opportunity, related to the Company’s business, which one could
reasonably expect the Director to make available to the Company, the Director shall promptly disclose such opportunity to the applicable
Board committee and proceed as directed by such committee or the Board, as applicable, as required pursuant to applicable law, including
The Corporations Act (Manitoba).

 

2.   Term.
The term of this Agreement shall commence as of the date first above written (the “Effective Date”), which shall be
the date of the Director’s appointment to the board of directors of the Company, and shall continue until the Director’s removal
or resignation.

 

3.   Compensation.

 

(a)   Cash
Compensation. Following the commencement of the term of this Agreement, for all services to be rendered by the Director in any capacity
hereunder, the Company agrees to compensate the Director a fee of $[ ] per year in cash (the “Annual Fee”), which Annual
Fee shall be paid to the Director in monthly or quarterly equal installments, at the discretion of the Board, no later than the fifth
business day of each applicable payment period commencing in the first quarter following the Effective Date. The Director shall be responsible
for his or her own individual income tax payment on the Annual Fee in jurisdictions where the Director resides.

 

(b)   Equity
Compensation. Upon execution of this agreement, the Director shall be entitled to receive an initial stock option (the “Initial
Award”) to purchase [ ] of the Company’s common shares. The per share exercise price of each option granted to the Director
shall equal 100% of the fair market value (as defined by the Board) of a common share on the date the option is granted. The Initial Award
shall vest and become exercisable in twelve (12) equal monthly installments over the first year following the date of grant, subject to
the Director continuing in service on the Board through each such vesting date. The term of each stock option granted to the Director
shall be ten (10) years from the date of grant.

 

In the event that the Director
serves less than a full year on the Board, the Company shall only be obligated to pay the pro rata portion of such Annual Fee to the Director
for his or her services performed during such year. Furthermore, the vesting of the Option shall not accelerate in the event the Director
serves less than a full year on the Board.

 

4.   Independence.
The Director acknowledges that his or her appointment hereunder is contingent upon the Board’s determination that he or she is “independent”
with respect to the Company, in accordance with the listing requirements of the Nasdaq Stock Market, and that his or her appointment may
be terminated by the Company in the event that the Director does not maintain such independence standard.

 

    2

     

    

 

5.   Expenses.
The Company shall reimburse the Director for pre-approved reasonable business related expenses incurred in good faith in connection with
the performance of the Director’s duties for the Company. Such reimbursement shall be made by the Company upon submission by the
Director of a signed statement itemizing the expenses incurred, which shall be accompanied by sufficient documentation to support the
expenditures.

 

6.   Other
Agreements.

 

(a)   Confidential
Information and Insider Trading. The Company and the Director each acknowledge that, in order for the intentions and purposes of this
Agreement to be accomplished, the Director shall necessarily be obtaining access to certain confidential information concerning the Company
and its affairs, including, but not limited to, business methods, information systems, financial data and strategic plans which are unique
assets of the Company (as further defined below, the “Confidential Information”) and that the communication of such
Confidential Information to third parties could irreparably injure the Company and its business. Accordingly, the Director agrees that,
during his or her association with the Company and thereafter, he or she will treat and safeguard as confidential and secret all Confidential
Information received by him at any time and that, without the prior written consent of the Company, he will not disclose or reveal any
of the Confidential Information to any third party whatsoever or use the same in any manner except in connection with the business of
the Company and in any event in no way harmful to or competitive with the Company or its business. For purposes of this Agreement, “Confidential
Information” includes any information not generally known to the public or recognized as confidential according to standard
industry practice, any trade secrets, know-how, development, manufacturing, marketing and distribution plans and information, inventions,
formulas, methods or processes, whether or not patented or patentable, pricing policies and records of the Company (and such other information
normally understood to be confidential or otherwise designated as such in writing by the Company), all of which the Director expressly
acknowledges and agrees shall be confidential and proprietary information belonging to the Company. Upon termination of his or her association
with the Company, the Director shall return to the Company all documents and papers relating to the Company, including any Confidential
Information, together with any copies thereof, or certify that he or she has destroyed all such documents and papers. Furthermore, the
Director recognizes that the Company has received and in the future will receive confidential or proprietary information from third parties
subject to a duty on the Company’s part to maintain the confidentiality of such information and, in some cases, to use it only for
certain limited purposes. The Director agrees that the Director owes the Company and such third parties, both during the term of the Director’s
association with the Company and thereafter, a duty to hold all such confidential or proprietary information in the strictest confidence
and not to, except as is consistent with the Company’s agreement with the third party, disclose it to any person or entity or use
it for the benefit of anyone other than the Company or such third party, unless expressly authorized to act otherwise by an officer of
the Company. In addition, the Director acknowledges and agrees that the Director may have access to “material non-public information”
for purposes of the federal securities laws (“Insider Information”) and that the Director will abide by all securities
laws relating to the handling of and acting upon such Insider Information.

 

    3

     

    

 

(b)   Disparaging
Statements. At all times during and after the period in which the Director is a member of the Board and at all times thereafter, the
Director shall not either verbally, in writing, electronically or otherwise: (i) make any derogatory or disparaging statements about the
Company, any of its affiliates, any of their respective officers, directors, shareholders, employees and agents, or any of the Company’s
current or past customers or employees, or (ii) make any public statement or perform or do any other act prejudicial or injurious to the
reputation or goodwill of the Company or any of its affiliates or otherwise interfere with the business of the Company or any of its affiliates;
provided, however, that nothing in this paragraph shall preclude the Director from complying with all obligations imposed by law or legal
compulsion, and provided, further, however, that nothing in this paragraph shall be deemed applicable to any testimony given by the Director
in any legal or administrative proceedings.

 

(c)   Enforcement.
The Director acknowledges and agrees that the covenants contained herein are reasonable, that valid consideration has been and will be
received and that the agreements set forth herein are the result of arms-length negotiations between the parties hereto. The Director
recognizes that the provisions of this Section 6 are vitally important to the continuing welfare of the Company and its affiliates and
that any violation of this Section 6 could result in irreparable harm to the Company and its affiliates for which money damages would
constitute a totally inadequate remedy. Accordingly, in the event of any such violation by the Director, the Company and its affiliates,
in addition to any other remedies they may have, shall have the right to institute and maintain a proceeding to compel specific performance
thereof or to obtain an injunction or other equitable relief restraining any action by the Director in violation of this Section 6 without
posting any bond therefore or demonstrating actual damages, and the Director will not claim as a defense thereto that the Company has
an adequate remedy at law or require the posting of a bond. If any of the restrictions or activities contained in this Section 6 shall
for any reason be held by a court of competent jurisdiction to be excessively broad as to duration, geographical scope, activity or subject,
such restrictions shall be construed so as thereafter to be limited or reduced to be enforceable to the extent compatible with the applicable
law; it being understood that by the execution of this Agreement the parties hereto regard such restrictions as reasonable and compatible
with their respective rights. The Director acknowledges that injunctive relief may be granted immediately upon the commencement of any
such action without notice to the Director and in addition Company may recover monetary damages.

 

(d)   Separate
Agreement. The parties hereto further agree that the provisions of Section 6 are separate from and independent of the remainder of
this Agreement and that Section 6 is specifically enforceable by the Company notwithstanding any claim made by the Director against the
Company. The terms of this Section 6 shall survive termination of this Agreement.

 

7.   Market
Stand-Off Agreement. In the event of a public or private offering of the Company’s securities and upon request of
the Company, the underwriters or placement agents placing the offering of the Company’s securities, the Director agrees not to sell,
make any short sale of, loan, grant any option for the purchase of, or otherwise dispose of any securities of the Company Director may
own, other than those included in the registration, without the prior written consent of the Company or such underwriters, as the case
may be, for such period of time from the effective date of such registration as may be requested by the Company or such placement agent
or underwriter.

 

    4

     

    

 

8.   Termination.
Subject applicable law, including The Corporations Act (Manitoba), with or without cause, the Company and the Director may each
terminate this Agreement at any time upon ten (10) days written notice, and the Company shall be obligated to pay to the Director the
compensation and expenses due up to the date of the termination. Nothing contained herein or omitted herefrom shall prevent the shareholder(s)
of the Company from removing the Director with immediate effect at any time for any reason.

 

9.   Indemnification.
The Company shall indemnify, defend and hold harmless the Director, to the full extent allowed by the laws of the Province of Manitoba
and the laws of Canada, and as provided by, or granted pursuant to, the Articles of the Company, agreement (including, without limitation,
the Indemnification Agreement executed herewith), vote of shareholders or disinterested directors or otherwise, both as to action in the
Director’s official capacity and as to action in another capacity while holding such office. The Company and the Director are executing
an indemnification agreement in the form attached hereto as Exhibit A.

 

10.   Effect
Of Waiver. The waiver by either party of the breach of any provision of this Agreement shall not operate as or be construed
as a waiver of any subsequent breach thereof.

 

11.   Notice.
Any and all notices referred to herein shall be sufficient if furnished in writing at the addresses specified on the signature page hereto
or, if to the Company, to the Company’s address as specified in filings made by the Company with the U.S. Securities and Exchange
Commission.

 

12.   Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the Province of Manitoba and the
laws of Canada applicable therein and the parties hereby attorn to the jurisdiction of the courts of the Province of Manitoba.

 

13.   Assignment.
The rights and benefits of the Company under this Agreement shall be transferable, and all the covenants and agreements hereunder shall
inure to the benefit of, and be enforceable by or against, its successors and assigns. The duties and obligations of the Director under
this Agreement are personal and therefore the Director may not assign any right or duty under this Agreement without the prior written
consent of the Company.

 

14.   Miscellaneous.
If any provision of this Agreement shall be declared invalid or illegal, for any reason whatsoever, then, notwithstanding such invalidity
or illegality, the remaining terms and provisions of the this Agreement shall remain in full force and effect in the same manner as if
the invalid or illegal provision had not been contained herein. The article headings contained in this Agreement are for reference purposes
only and shall not affect in any way the meaning or interpretation of this Agreement. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original but all of which taken together shall constitute one and the same instrument.
Except as provided elsewhere herein, this Agreement sets forth the entire agreement of the parties with respect to its subject matter
and supersedes all prior agreements, promises, covenants, arrangements, communications, representations or warranties, whether oral or
written, by any officer, employee or representative of any party to this Agreement with respect to such subject matter.

 

[Signature Page Follows]

 

    5

     

    

 

IN WITNESS WHEREOF, the parties
hereto have caused this Independent Director Agreement to be duly executed and signed as of the day and year first above written.

 

	SNOW LAKE RESOURCES LTD.	 	DIRECTOR
	 	 	 
	By:	           	 	By:	         
	Name: Philip Gross	 	Name: 
	Title: Chief Executive Officer	 	 

 

    6

     

    

 

EXHIBIT A

 

Indemnity Agreement

 

(See Attached)

 

 

7EX-10.1

 Exhibit 10.1 

GENERAL RELEASE AND SEPARATION AGREEMENT 

This General Release and Separation Agreement (“AGREEMENT”) is made and entered into by and between Jennifer H. Brown
(“EMPLOYEE”) and Farmer Bros. Co., a Delaware corporation (the “Company”). 
 In consideration of the covenants
undertaken and releases contained in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Company and EMPLOYEE agree as follows: 

1.    Separation. EMPLOYEE is hereby separated from employment with Company effective October 18, 2021 (the
“Separation Date”). Company acknowledges EMPLOYEE’S separation pursuant to the covenants, releases, terms, and conditions set forth in this AGREEMENT. 

2.    Severance Package. 
  

	 	(a)	 Severance Pay. In consideration for the covenants and releases herein by EMPLOYEE, the Company shall pay
EMPLOYEE nine (9) months of severance pay (the “Severance Pay”). The Severance Pay shall be paid in regular bi-weekly installments on the Company’s regular pay dates, commencing on the
first regular pay date after the Separation Date that is at least eight (8) days after EMPLOYEE signs and returns this AGREEMENT and continuing until all installments are paid (the “Severance Period”). EMPLOYEE’S total Severance
Pay shall equal $251.250.00. The Severance Pay shall be subject to normal withholding and any other deductions required by law or previously authorized by EMPLOYEE. The severance is contingent on employee not breaching or revoking the AGREEMENT.

  

	 	(b)	 COBRA Assistance. The Company shall provide the EMPLOYEE with partially Company-paid COBRA coverage
under the Company’s health care plan for herself, her spouse and his dependents on the plan on October 18, 2021 for nine (9) months after the Separation Date (the Company will pay the same percentage of the coverage cost that it would
have paid had EMPLOYEE’S employment not been terminated). 

  

	 	(c)	 Outplacement Services. The Company shall provide the EMPLOYEE with outplacement services by a firm
selected by the EMPLOYEE, at the expense of the Company, in an amount up to $15,000. The outplacement expenses must be incurred by the EMPLOYEE within twelve (12) months of the Separation Date and will be paid by the Company directly to the
selected firm. 

 3.    No Further Obligations. Except for the obligations expressly set forth
herein, Company shall make no further payments or contributions on behalf of EMPLOYEE or EMPLOYEE’S family members, whether for salary, vacation, sick days, life insurance, long term disability insurance, cash profit sharing, tuition
reimbursement, deferred profit sharing or for any 

  

					
		  	1	  	Confidential General Release and Separation Agreement —Jennifer

 
other compensation or benefits following the Separation Date. EMPLOYEE shall continue to be entitled to any benefits vested under any Company retirement benefit plan. 

4.    Return of Property. EMPLOYEE agrees that all Company property used or accessed during employment and in
EMPLOYEE’S possession will be returned to Company no later than October 21, 2021. 
 5.    Release and
Other Covenants of EMPLOYEE. In consideration for the Severance Pay, other payments and benefits, and other covenants of Company made herein: 

(a)    General Release. EMPLOYEE, on her own behalf and on behalf of her descendants, dependents,
spouse, heirs, executors, administrators, assignees and successors, and each of them, hereby releases and forever discharges Company and any and all of its parent, subsidiary, and affiliated corporations, businesses and partnerships, and all of its
officers, directors, employees, agents, shareholders, attorneys, insurers, employee benefits plans, past and present, as well as the heirs, executors, administrators, predecessors, successors and assigns (the “RELEASED PARTIES”) from and
against any and all claims, causes of action, agency actions, and lawsuits whether past or present, known or unknown, civil or otherwise, which have been asserted or could have been asserted by EMPLOYEE against Company, and any Company employees,
including all claims for any form of damages, including economic damages, non-economic damages, punitive damages, exemplary damages, compensation, overtime compensation, salary, wages, bonuses, benefits,
liens, costs and expenses, obligations, debts and liability of any kind or nature whatsoever, including but not limited to attorneys’ fees, whether known or unknown, fixed or contingent, that EMPLOYEE ever had or may now or hereafter have or
claim to have or incur as a result of that could be related in any way to EMPLOYEE’S employment by Company, EMPLOYEE also hereby covenants not to file a lawsuit or participate in a class action lawsuit to assert any claims released by EMPLOYEE
pursuant to this AGREEMENT. This general release includes but is not limited to claims arising out of or in connection with: (i) EMPLOYEE’S employment relationship with Company or the EMPLOYEE’S termination thereof; (ii) any
allegation that Company wrongfully or unlawfully terminated, discharged or laid off EMPLOYEE; (iii) any allegation of violation of Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Employee Retirement
Income Security Act, the Older Workers Benefit Protection Act, the Americans with Disabilities Act, the Worker’s Adjustment and Retraining Notification Act, the National Labor Relations Act, the Fair Labor Standards Act, the Rehabilitation Act
of 1973, the Uniform Services Employment and Reemployment Rights Act, the Family and Medical Leave Act of 1993; or any other applicable state, municipal or city ordinance; (iv) any allegation of breach of contract, defamation, intentional or
negligent infliction of emotional distress, workplace harassment or discrimination, invasion of privacy, violation of public policy, negligence or any other tort; (v) any allegation of a breach of any contract of employment, express or implied,
or of a violation of any Company policy or procedure, of the U.S. Constitution or constitution of any state, or any other law, 

  

					
		  	2	  	Confidential General Release and Separation Agreement —Jennifer

 
rule, regulation or ordinance pertaining to employment or the termination of employment; and/or (vi) any other statutory or common law cause of action. EMPLOYEE acknowledges and affirms that
EMPLOYEE is not aware of any conduct, occurrences or facts occurring before or during employment with Company or at any time before the date of this AGREEMENT that would constitute a violation of or give rise to a claim under any statute, common law
or legal theory released in this Section 5(a). This release pertains to all acts or omissions by Company or the other Released Parties through Effective Date of this AGREEMENT. 

Nothing in this AGREEMENT shall be deemed to preclude EMPLOYEE from filing or maintaining a Charge with the Equal Employment Opportunity
Commission (“EEOC”), the Texas Workforce Commission (“TWC”), or the National Labor Relations Board (“NLRB”). EMPLOYEE acknowledges, however, that other than set forth above, by signing this Agreement EMPLOYEE hereby
releases any personal entitlement to reinstatement, back pay, damages or any other recovery or remedy in connection with any action brought against any of the RELEASED PARTIES, regardless of who filed or initiated such action. The foregoing release
does not extend to EMPLOYEE’S vested right(s), if any, to receive any benefit under the terms of any “employee benefit plan,” as defined in Section 3(3) of ERISA, 

(b)    Leave Rights. EMPLOYEE represents that EMPLOYEE has received all leave under the Family and
Medical Leave Act, as amended (“FMLA”) and any State or local law providing for family or medical leave to which EMPLOYEE believes EMPLOYEE is entitled, and EMPLOYEE is not aware of any facts on which a claim under either the FMLA or a
State’s Family Rights Act could be brought. 
 (c)    No Right to Rehire. EMPLOYEE
recognizes that EMPLOYEE’S employment relationship with Company has been permanently severed as of the Separation Date, and that Company has no obligation, contractual or otherwise, to rehire, reemploy, recall or hire EMPLOYEE in the future.

 (d)    No Unauthorized Access. EMPLOYEE agrees that EMPLOYEE will not, without consent of
Company, enter the exterior or interior premises of any Company facility, or attend any meeting, function or event sponsored by Company. 

(e)    All Wages Paid. EMPLOYEE acknowledges that EMPLOYEE has been paid EMPLOYEE’S
compensation in full through the Separation Date, including all benefits and unused, earned or accrued vacation, and is not entitled to any other compensation except as specifically set forth in this AGREEMENT. 

(f)    No Assignment of Claims. EMPLOYEE represents that EMPLOYEE has not assigned or otherwise
transferred to any party any claim that is being released pursuant to this AGREEMENT. 

  

					
		  	3	  	Confidential General Release and Separation Agreement —Jennifer

 (g)    Acknowledgment of Obligations. EMPLOYEE
acknowledges and agrees to the obligations and provisions described in Section 2(c) and Section 5 of the Company’s Severance Pay Plan. EMPLOYEE acknowledges and agrees to continue to be bound by the obligations and provisions of the
Employee Confidentiality and Trade Secret Agreement previously executed by EMPLOYEE. 
 (h)    No
Actions. EMPLOYEE represents that EMPLOYEE has not filed any action, lawsuit, claim, charge, or complaining against any of the RELEASED PARTIES with any local, state or federal agency or court. EMPLOYEE further represents that EMPLOYEE is not
aware of any employment-related injury for which EMPLOYEE may be entitled to workers’ compensation benefits for which no claim has been filed to as of the date of EMPLOYEE’S signature below. 

6.    Remedies for Breach. In the event that EMPLOYEE breaches any of the terms or provisions of this AGREEMENT,
Company’s obligations under this AGREEMENT shall immediately terminate, including without limitation, all remaining monetary obligations of Company to EMPLOYEE other than any obligation for vested pension benefits that are outstanding at the
time of the breach. EMPLOYEE acknowledges that the remedies at law for a breach of this AGREEMENT are inadequate and that Company shall be entitled to injunctive relief from a court of competent jurisdiction to prevent a breach by EMPLOYEE of the
terms of this AGREEMENT. 
 7.    No Admission. The parties expressly agree that nothing contained in this
AGREEMENT is or may be construed as an admission by Company or EMPLOYEE of any liability, wrongdoing or unlawful conduct. Neither this AGREEMENT nor anything in this AGREEMENT shall be construed to be, or shall be admissible in any proceeding as,
evidence of liability or wrongdoing by the Company or any of its employees or agents. 
 8.    Severability. Each
of the terms of this AGREEMENT is deemed severable in whole or in part and if any term or provision, or the application thereof, in any circumstance should be illegal, invalid or unenforceable, the remaining terms and provisions shall not be
affected thereby and shall remain in full force and effect. 
 9.    Governing Law/Jurisdiction. This AGREEMENT
shall be deemed to have been executed and delivered in the State of Texas. To the full extent permitted by law, in all respects the rights and obligations of the parties under this AGREEMENT shall be interpreted, enforced and governed in accordance
with the laws of the State of Texas without regard to the principles of conflict of laws. Any and all legal actions or proceedings against either party arising out of this AGREEMENT shall be brought in a court of appropriate jurisdiction sitting in
Tarrant County, Texas county or for claims arising out of EMPLOYEE’S employment with Company shall be brought in arbitration as required by the Mutual Agreement to Arbitrate Claims previously executed (if any) by EMPLOYEE and each party submits
to and accepts the exclusive jurisdiction of such courts and/or arbitrator for the purpose of such legal action or proceeding. Each party hereby irrevocably waives any objection it may now have or hereafter have to this choice of venue of any legal
action or proceeding in any such court and further waives any claim that any legal action or proceeding brought in any such court has been brought in an inappropriate forum. 

  

					
		  	4	  	Confidential General Release and Separation Agreement —Jennifer

 10.    Consultation with an Attorney. EMPLOYEE acknowledges the
opportunity to consult with an attorney regarding the AGREEMENT, and has been given reasonable time to consider this AGREEMENT before signing it, and that this AGREEMENT is entered to and executed knowingly, willingly, and voluntarily. 

11.    Section 409A Compliance. 

(a)    This Agreement is intended to comply with the requirements of Section 409A of the Internal
Revenue Code of 1986, as amended (“Section 409A”), including the exceptions thereto, and shall be construed and administered in accordance with such intent. Notwithstanding any other provision of this Agreement, payments provided under
this Agreement may only be made upon an event and in a manner that complies with Section 409A or an applicable exemption. Any payments under this Agreement that may be excluded from Section 409A either as separation pay due to an
involuntary separation from service or as a short-term deferral shall be excluded from Section 409A to the maximum extent possible. Any payments to be made under this Agreement in connection with a termination of employment shall only be made
if such termination of employment constitutes a “separation from service” under Section 409A. Notwithstanding the foregoing, the Company makes no representations that the payments and benefits provided under this Agreement comply with
Section 409A and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by the EMPLOYEE on account of non-compliance with
Section 409A. 
 (b)    To the extent required by Section 409A, each reimbursement or in-kind benefit provided under this Agreement shall be provided in accordance with the following: 

(i)    the amount of expenses eligible for reimbursement, or
in-kind benefits provided, during each calendar year cannot affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other calendar
year. 
 (ii)    any reimbursement of an eligible expense shall be paid to the EMPLOYEE on or before the
last day of the calendar year following the calendar year in which the expense was incurred; and 

(iii)    any right to reimbursements or in-kind benefits under this
Agreement shall not be subject to liquidation or exchange for another benefit. 
 12.    Entire Agreement. Except
where specifically incorporated by reference herein, This Agreement constitutes and contains the entire agreement and understanding concerning EMPLOYEE’S termination of employment and the other subject matters addressed herein between the
parties, and supersedes and replaces all prior negotiations and all agreements proposed or otherwise, whether written or oral, concerning the subject matters hereof. This is an integrated document. 

  

					
		  	5	  	Confidential General Release and Separation Agreement —Jennifer

 13.    No Other Representations or Promises. EMPLOYEE represents
that there are no prior or contemporaneous oral or written agreements or representations made by the Company with respect to this AGREEMENT and that this AGREEMENT represents the entire agreement and understanding of the parties with respect to the
subject matter hereof. This AGREEMENT may not be modified, altered or changed except in writing and signed by both parties wherein specific reference is made to this AGREEMENT. This AGREEMENT shall be construed without regard to the party that
drafted it. The language used in this AGREEMENT shall be deemed to be the language chosen by the parties hereto to express their mutual intent, and no rule of strict construction shall be applied against any party. Any ambiguity shall not be
interpreted against either party but shall, instead, be resolved in accordance with other applicable rules concerning the interpretation of contracts. The failure of the Company to enforce at any time any provision of this AGREEMENT will in no way
be construed to be a waiver of such provision or of any other provision hereof. EMPLOYEE further represents that EMPLOYEE is entering into this AGREEMENT without any threat or coercion and without reliance on any promise, inducement or statement,
written or oral, made by any person representing Company, except as expressly set forth in this AGREEMENT. 

14.    Successors and Assigns. This AGREEMENT shall be binding on and shall inure to the benefit of Company and its
legal representatives, transferees, successors, and assigns, and shall be binding on EMPLOYEE and EMPLOYEE’S legal representatives, heirs, transferees, successors and assigns; provided that, notwithstanding anything to the contrary contained
elsewhere in this AGREEMENT, the obligations of Company to make payments and provide other benefits to EMPLOYEE or EMPLOYEE’S dependents under this AGREEMENT shall terminate upon the EMPLOYEE’S death, unless sooner terminated on the dates
set forth earlier in this AGREEMENT. 
 15.    Waiver. No waiver of any breach of any term or provision of this
AGREEMENT shall be construed to be, nor shall be, a waiver of any other breach of this AGREEMENT. No waiver shall be binding unless in writing and signed by the party waiving the breach. 

16.    ADEA Waiver. In accordance with the Older Workers Benefit Protection Act of 1990, EMPLOYEE is hereby advised
that this AGREEMENT includes a release and waiver of claims under the Age Discrimination in Employment Act (“ADEA”), and EMPLOYEE agrees as follows: 

(a)    This AGREEMENT is written in a manner calculated to be understood by EMPLOYEE, and EMPLOYEE
understands it; 
 (b)    This AGREEMENT provides consideration to EMPLOYEE in addition to anything else
EMPLOYEE is already entitled to receive; 
 (c)    EMPLOYEE has
twenty-one (21) days prior to the execution of the AGREEMENT, and is choosing to waive this right by signing this AGREEMENT. EMPLOYEE agrees that any changes or amendments to this AGREEMENT, whether or
not material, will not restart the twenty- one (21) day period; 

  

					
		  	6	  	Confidential General Release and Separation Agreement —Jennifer

 (d)    EMPLOYEE has seven (7) days after signing
this AGREEMENT to revoke this AGREEMENT, and this AGREEMENT will not be effective, and EMPLOYEE will not receive any of the separation benefits, until that revocation period has expired; 

(e)    EMPLOYEE has the right to consult with an attorney before signing this Agreement and, to the extent
desired, EMPLOYEE has done so; and 
 (f)    EMPLOYEE does not waive rights or claims under the ADEA that
may arise after the date this Agreement is executed. 
 If EMPLOYEE wishes to revoke this AGREEMENT, EMPLOYEE must deliver written notice
via email, stating EMPLOYEE’S intent to revoke to Amber Jefferson, E-mail address: ajefferson@farmerbros.com on or before 5:00 p.m. on the seventh
(7Ih) day after the date on which you sign this AGREEMENT. 

17.    Cooperation. EMPLOYEE agrees to cooperate with COMPANY at such reasonable times and places as may be
reasonably requested, and to provide all information that may be reasonably requested with respect to any matter involving her present or former relationship with COMPANY, the work EMPLOYEE performed for COMPANY, or present or former employees, so
long as such requests do not unreasonably interfere with any other job or significant personal activity in which EMPLOYEE is engaged. This specifically includes, but is not limited to, EMPLOYEE’S assistance with general corporate and
transactional matters, regulatory inquiries, investigations and litigation matters, including depositions and/or court appearances in connection therewith, which may include appearances in other states and assistance and cooperation with
COMPANY’S outside counsel representing the COMPANY in general corporate and transactional matters, regulatory inquiries, investigations and litigation. COMPANY will make reasonable efforts to schedule these matters at times and locations
convenient for EMPLOYEE should they arise. 
 18.    Execution. This Agreement may be executed in multiple
counterparts, each of which shall be deemed an original for all purposes. 
 [INTENTIONALLY LEFT BLANK, SIGNATURES ON FOLLOWING PAGE] 

  

					
		  	7	  	Confidential General Release and Separation Agreement —Jennifer

 IN WITNESS WHEREOF, the parties have executed this AGREEMENT as of the 21st day of October, 2021. 
  

					
	 EMPLOYEE NAME
	  		  	 FARMER BROS. CO.

			
	 /s/ Jennifer H. Brown
	  		  	 /s/ Deverl Maserang

	 Jennifer H. Brown
	  		  	 Deverl Maserang, Chief Executive Officer

  

					
		  	8	  	Confidential General Release and Separation Agreement —Jennifer

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