August 14, 2024 22NW, LP Seattle, Washington 98104 Attn: Aron R. English Email: english@englishcap.com Re: Farmer Bros. Co. Dear Mr. English:Observer Agreement • August 16th, 2024 • Farmer Brothers Co • Miscellaneous food preparations & kindred products
This letter agreement is intended to memorialize the understandings and agreements that we have reached with 22NW, LP (collectively with 22NW Fund, LP, 22NW Fund GP, LLC, 22NW GP, Inc., Aron R. English and Bryson O. Hirai-Hadley, “22NW”) relating to, among other things, the designation of an observer to the Board of Directors (the “Board”) of Farmer Bros. Co., a Delaware corporation (the “Company”).
