Document:

Exhibit

EXHIBIT 10.52

Second Amendment to the 
Farmer Bros. Co. Amended and Restated Employee Stock Ownership Plan
WHEREAS, the Board of Directors of Farmer Bros. Co. and the Administrative Committee of the Farmer Bros. Co. Qualified Employee Retirement Plans have approved and authorized an amendment to the Farmer Bros. Co. Amended and Restated Employee Stock Ownership Plan (the “ESOP”) to provide for the freezing of the ESOP such that (i) no employees of the Company may commerce participation in the ESOP on or after December 31, 2018; (ii) no Company contributions shall be made to the ESOP with respect to services performed or compensation received after December 31, 2018; and (iii) the ESOP accounts of all individuals who are actively employed by the Company and participating in the ESOP on December 31, 2018 shall be fully vested as of such date.
NOW, THEREFORE, the undersigned officer of Farmer Bros. Co. hereby executes this amendment effective as of December 31, 2018, which modifies the ESOP in the following respects:
		
	1.
	Section 2.01 of the ESOP is revised to add a new fourth sentence, to read as follows:

“Notwithstanding the foregoing, no Eligible Employee shall become a Member on or after December 31, 2018.”
		
	2.
	Section 2.02 of the ESOP is revised to add a new third sentence, to read as follows:

“Notwithstanding the foregoing, no person reemployed by the Employer as an Eligible Employee shall become a Member on or after December 31, 2018.”
		
	3.
	Section 2.03 of the ESOP is revised to add a new second sentence, to read as follows:

“Notwithstanding the foregoing, the Employer shall not make any Employer Contributions to the Plan with respect to Compensation paid after December 31, 2018.”
		
	4.
	Section 3.01(a) of the ESOP is revised to add a new sixth sentence, to read as follows:

“Notwithstanding the foregoing, the Employer shall not make any Employer Contributions to the Plan with respect to any Hours of Service completed or Compensation paid after December 31, 2018.”
		
	5.
	The first sentence of Section 3.01(c) of the ESOP is revised to read as follows:

“Notwithstanding paragraphs (a) and (b) above, each Employer may make an additional Employer Contribution to the Plan, in Company Stock or cash, at a time and in an amount determined by the Board of Directors; provided that the Employer shall not make any Employer Contributions to the Plan after December 31, 2018;”

		
	6.
	A new Section 6.01(e) is added to the ESOP to read as follows:

“(e)    A Member who was actively employed by the Employer on December 31, 2018 shall be fully vested in, and have a nonforfeitable right to, his/her Account as of December 31, 2018.”
THEREFORE, this Amendment is hereby executed effective as of December 31, 2018.
	
		
	FARMER BROS. CO.

	By:
	/s/ David G. Robson

	Title:
	Treasurer and Chief Financial Officer

	Dated as of December 31, 2018Exhibit

EXHIBIT 10.53 

Amendment to the Farmer Bros. Co. Retirement Plan
WHEREAS, the Board of Directors of Farmer Bros. Co. and the Administrative Committee of the Farmer Bros. Co. Qualified Employee Retirement Plans have approved and authorized an amendment to the Farmer Bros. Co. Retirement Plan (the “Plan”) to provide for the spin-off of certain benefits to the Brewmatic Company, A Division of Farmer Bros. Co. Pension Plan (Brewmatic Pension Plan), and the termination of the Plan following such spin-off.  
NOW, THEREFORE, the undersigned officer of Farmer Bros. Co. hereby executes this amendment effective as of December 1, 2018, which modifies the Plan in the following respects:
		
	1.
	A new Article XIII is added to the Plan to read as follows:

“ARTICLE XIII
PLAN SPIN-OFF AND TERMINATION
SECTION 13.01 – SPIN-OFF OF CERTAIN PARTICIPANTS
Effective as of December 1, 2018 (the “Termination Date”), the Accrued Benefits of all Participants, Beneficiaries or alternate payees other than the individuals set forth on Exhibit A (such Participants, the “Spin-Off Participants”) and all liabilities associated with the Accrued Benefits of such Spin-Off Participants will be transferred to the Brewmatic Company, A Division of Farmer Bros. Co. Pension Plan (Brewmatic Pension Plan).  
SECTION 13.02 – TERMINATION OF THE PLAN
Effective as of December 1, 2018, immediately following the spin-off described in Section 13.01 above, the Plan will terminate. 
SECTION 13.03 – DISTRIBUTIONS TO REMAINING PARTICIPANTS
Effective as of the Termination Date, the individuals listed on Exhibit A (such Participants, the “Remaining Participants”) will become fully vested in their Accrued Benefits under the Plan and will be subject to the following terms; provided, if prior to the Termination Date any individual listed on Exhibit A dies or becomes subject to a domestic relations order that impacts the individual’s benefit under the Plan, such individual will cease to be a Remaining Participant and will become a Spin-Off Participant effective as of the Termination Date:  
		
	(a)
	If the value of a Remaining Participant’s Accrued Benefit does not exceed $5,000 as of the Termination Date, a lump sum payment equal to the value of such Remaining Participant’s Accrued Benefit shall be paid to the Remaining Participant as of December 1, 2018, subject to such Remaining Participant’s completion of all necessary paperwork in connection with such payment; provided that, if any such Remaining Participant (1) does not complete the necessary paperwork in connection with the payment of such 

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Remaining Participant’s Accrued Benefit timely in accordance with procedures established by the Plan Administrator pursuant to the authority established in (b) below, or (2) elects a lump sum but does not cash the lump sum check within 90 days of the day the check is issued, then such Remaining Participant’s Accrued Benefit shall be sent to the Pension Benefit Guaranty Corporation’s Missing Participants Program.  
		
	(b)
	If the value of a Remaining Participant’s Accrued Benefit exceeds $5,000, such Remaining Participant may elect to commence payment of such Remaining Participant’s entire Accrued Benefit under the Plan in the form of (1) a lump sum, (2) any of the optional forms of retirement benefit set forth in Section 6.03 of the Plan, or (3) if such Remaining Participant has a spouse, a Qualified Joint and Survivor Annuity; provided that, if any such Remaining Participant elects a lump sum but does not cash the lump sum check within 90 days of the date the check is issued, then such Remaining Participant’s Accrued Benefit shall be sent to the Pension Benefit Guaranty Corporation’s Missing Participants Program. The Plan Administrator will establish procedures governing the election of benefits under Section 13.03(a) and this Section 13.03(b), including procedures for revoking any such elections. Such procedures will comply with applicable Treasury Regulations.

		
	(c)
	Any lump sum payable pursuant to Sections 13.03(a) or (b) shall be equal to the Present Value of a Remaining Participant’s Accrued Benefit calculated using the Applicable Interest Rate and the Applicable Mortality Table; provided that in no event will a Remaining Participant’s lump sum be less than the balance of such Remaining Participant’s Required Contribution Account and: 

		
	(i)
	For any Remaining Participant who is eligible to receive an early retirement benefit, such Remaining Participant’s lump sum will be equal to the greater of (1) the amount described above in Section 13.03(c) and (2) the Present Value of a single life annuity with a 5-year certain period; and 

		
	(ii)
	For any Remaining Participant who is over age 65, such Remaining Participant’s lump sum will be equal to such Remaining Participant’s late retirement benefit, as determined in accordance with Section 4.06 of the Plan.

		
	(d)
	Any optional form of retirement benefit paid pursuant to Section 13.03(b)(2) and any Qualified Joint and Survivor Annuity paid pursuant to Section 13.03(b)(3) will be determined using the same rules that are generally applicable to such forms of payment under the Plan; provided that:

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	(i)
	For any Remaining Participant who is at least age 55 but who has not reached age 65 as of the Termination Date, the value of a single life annuity with a 5-year certain period will be equal to such Remaining Participant’s Accrued Benefit on the Termination Date, reduced by 1/3 of 1% for each full calendar month by which the Termination Date precedes such Remaining Participant’s Normal Retirement Date; and

		
	(ii)
	For any Remaining Participant who has not reached age 55 as of the Termination Date, the value of a single life annuity with a 5-year certain period will be equal to such Remaining Participant’s Accrued Benefit on the Termination Date, reduced (1) by 40%, plus (2) further reduced for the period of time between the Termination Date and such Remaining Participant’s 55th birthday, using the Applicable Interest Rate and Applicable Mortality Table.” 

		
	2.
	Section 5.01(b) of the Plan is deleted in its entirety, and all references thereto in the Plan are removed.  Section 5.01(c) of the Plan, and all references thereto in the Plan, are redesignated, accordingly.  

		
	3.
	Section 6.04(b) of the Plan is deleted in its entirety.

		
	4.
	The second paragraph of Section 6.04(c)(2) of the Plan is deleted in its entirety. 

		
	5.
	The first sentence of Section 6.04(c)(3) of the Plan is revised to read as follows:

“If the Present Value of the Participant’s Vested Accrued Benefit exceeds $5,000, any benefit that is (i) immediately distributable and (ii) payable in a form other than a Qualified Joint and Survivor Annuity or a Qualified Preretirement Survivor Annuity, requires the consent of the Participant and the Participant’s spouse (or where either the Participant or the spouse has died, the survivor).”
		
	6.
	Section 6.05(c) of the Plan is deleted in its entirety.

		
	7.
	A new Section 6.06(f) is added to the Plan to read as follows:

“(f)    Notwithstanding the foregoing, Sections 6.06(a) – (e) will not apply to any benefits distributed with an Annuity Starting Date that occurs on or after May 30, 2019.” 
		
	8.
	The following sentence is added at the end of Section 10.02:

“Notwithstanding the foregoing, the second and third paragraphs of Section 10.02 will not apply to any benefits distributed as of a date after December 1, 2018.”
		
	9.
	The following sentence is added at the end of Section 10.11:

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“Notwithstanding the foregoing, this Section 10.11 will not apply to any benefits distributed as of a date after December 1, 2018.”
		
	10.
	Exhibit A, which follows this signature page, is hereby attached to the Plan.

THEREFORE, this Amendment is hereby executed effective as of December 1, 2018.
	
		
	FARMER BROS. CO.

	By:
	/s/ David G. Robson

	Title:
	Treasurer and Chief Financial Officer

	Dated as of December 1, 2018

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EXHIBIT A
	
					
	ACEVEDO, GUADALUPE
	COX, JASON
	HANSSEN, RICK
	MARBACH, RUSSELL
	ROE, ACE

	ADAMS, JEFFERY
	CRAVENS, KJELL
	HARVEY, DAVID
	MARKS, PAUL
	ROGERS, JEFFREY

	AGUIRRE, ADRIAN
	CRAWFORD, JOHN
	HEATH, BRENT
	MAZZI, REIKO
	ROSALES, JOSE

	AGUM, CHRISTOPHER
	CROW, CHRISTOPHER
	HELSING, TERRY
	MCKINNIS, BRANDY
	ROSS, DANA

	ALBERTSON, ROBBIE
	CRUMP, TIMOTHY
	HERNANDEZ, HECTOR
	MCKINNON, ROBERT
	RUIZ, JOSE

	ALLANSON, RICHARD
	CUBBERLEY, CARRIE
	HEYDENREICH, ALAN
	MEIDINGER, JASON
	SACKETT, JOHN

	ARNETT, MICHAEL
	DARDIS, MITCHELL
	HIXON MALCZYK, NIKITA
	MENA, JUAN
	SANCHEZ, ANDRES

	ATWOOD, STEPHEN
	DAVIS, ROBERT
	HO, HOA
	MENDOZA, CHRISTINE
	SAPP, MICHAEL

	BARKHURST, JOHN
	DE LA PENA, STEVEN
	HOOS, DAVID
	MERTES, COREY
	SAWANT, YATIN

	BARNES, CELESA
	DEGRANDE, BRANDY
	HOOVER, CORY
	MIKESKA, PAUL
	SCHEWE, KATHLEEN

	BARRANCO, KEVIN
	DEUTSCH, MICHAEL
	HORNE, BRADLEY
	MILNES, JOHN
	SCOTT, DONALD

	BARRANCO, BRIAN
	DOUGHERTY, LORI
	HOWARD, BRIAN
	MIX, JUSTICE
	SEKULOSKI, LOUIE

	BATEMAN, PARKER
	DOWNS, DAVID
	HOWARD, ERNEST
	MONTOYA, JOSHUA
	SHAW, LOUIS

	BELL, JEFFREY
	EDWARDS, GARY
	HUBER, CRAIG
	MORENO, VICTOR
	SHAW, JUDD

	BERGERON, DAVID
	ERHARD, DWIGHT
	IVANCIK, PAUL
	MORGANELLI, NICHOLAS
	SIANO, JERRY

	BICKFORD, SEAN
	ESSINGER, RAYMOND
	JEFFERS, MICHAEL
	MORKRID, BERNARD
	SIMONTON, MICHAEL

	BJONSKAAS, NICOLAS
	ESSLEY III, THOMAS
	JOHNSON, KAREN
	MORRISON, ALVIN
	SNYDER, RICKY

	BLAIR, TYLER
	FITZSIMMONS, DENNIS
	JOLLY, JASON
	MORTON, DAVID
	SOURLOS, NICHOLAS

	BOEHME, BENJAMIN J
	FLORES III, EVARISTO
	JONES, JEFFREY
	MUNRO, JEANINE
	SPRAGUE, ALAN

	BOGS, DAVID
	FORD, JAY
	JOSTMEYER, DESTRY
	NEILSON, CHARLES
	STEELE, CRAIG

	BOYCE, JOSEPH
	FOWLER, GEORGE
	KAELIN, MARK
	NIRCHI, PATRICK
	STEPHENS, GARY

	BOYCE, GAIL
	FRANCIA, MANUEL
	KELLY, DENNIS
	OLMSCHEID, NEIL
	STEPHENS, KARMELLIA

	BRADLEY, JOSEPH
	FRASER, JAMES
	KINDELL, MORRIS
	OPOKA, SCOTT
	STEVENS, CHRISTOPHER

	BREDESON, MICHAEL
	FRIEND, DUANE
	KING, RONALD
	ORMSBEE, KEVIN
	STOBER, DEREK

	BRITTAIN, TONY
	FRISBY, JAMES
	KITE, ELVIN
	ORTH, MICHAEL
	SUAREZ JR, ANTONIO L

	BRUNE, ROSS
	FULLER, DARNELL
	KLASSEN, DAVID
	ORTIZ, JUAN
	SWAYNE, CHARLES

	BUCHANAN, BRANDON
	GALICIA, MIRIAM
	KNUTH, WAYNE
	OSCARSON, EDWARD
	THOMPSON, JOHN

	BURRIS, BRUCE
	GARCIA, THERESA T
	KOUBA, DANIEL M
	OTERO, JOHNNY
	TOLIVER, ANTHONY

	BURTON, DOUGLAS
	GILLARD, TODD
	KOVATCH, SCOTT
	OUBRE, SHAWONNA
	TORRES, KENNETH

	BUTTERFIELD, RYAN
	GILMORE, JAMES
	KRUEGER, THOMAS
	PALVIS, KENNETH
	TUFF, JASON

	CALLAWAY, LARRY
	GLASCO, GENE
	KRUSE, ROBERT
	PEREA, ARNOLD
	VARNUM, MARTIN

	CALVO, MICHAEL
	GOLDEN, CHRISTOPHER
	KUHN, DAVID
	PETTY, DAVID
	VEGA, JOSE

	CARLSON, RODNEY
	GOMEZ, JORGE
	LABRADOR, IVAN
	PIKE, WILLIAM
	VENCILL, TIMOTHY

	CARNRIGHT, DONALD
	GORDON, JEFFREY
	LANGDON, KEVIN
	PLANTE, GREGORY
	VERDON, STEVE

	CHRISTIANSON, TRAVIS
	GORRELL, SCOTT
	LARA, GILBERTO
	PORTER, KENNETH
	WARD, THOMAS

	CLAPP, COREY
	GORSEK, WILLIAM
	LAREAU, JOHN
	PRAZAK, JASON
	WHITEHEAD, SUSAN

	CLAYTON, ROBERT
	GOSLIN, RICHARD
	LAWSON, RYAN
	QUINN, COLLEEN
	WICKS, JOHN

	COLANGELO, STEVEN
	GRAHAM, MICHELLE
	LEE, KAO
	RAJAN, SOWMYA
	WILLIAMS, BEAU

	CONTRERAS BARBOSA, SARA
	GREEN, DARRELL
	LESLIE, ADAM
	RAMBO, ERIC
	WIMMER, JAMIE

	COOK, JAMES
	GRIFFITH, DUSTY
	LUNSFORD, STEVEN
	RAMIREZ JR, JOSE
	WORSHAM, BRIAN

	CORONADO, JESUS
	GRIGGS II, ALBERT
	LUTHER, MICHAEL
	RIDER, WILLIAM
	YOUNG, KENNETH

	CORREIA, DEOCLECIO
	HALL, CHAD
	MACIAS, MARIA
	ROBINSON, DAMON
	ZABILSKI, SARAH

	CORTESE, ROBERT
	HANSEN, ERIC
	MAECHTLEN, JACOB
	RODRIGUEZ, NORBERTO
	ZIEGLER, STANLEY

	COVERT, DAVID R
	HANSON, CHAD
	MANN, RANDAL
	RODRIGUEZ, EFRAIN
	 

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