August 20, 2015 Dear Karrie Forbes, I Am Writing You to Inform You That Due to Your Valued Service to Mfrm Family of Brands, Effective August 5, 2015, Your Compensation Will Be Increased From $310,000 to $325,000. This Annualized Increase of $15,000 Represents a 4.84% Increase in Pay. We Appreciate the Numerous Contributions You Have Made to Mfrm During the Past Year, and Look Forward to Your Continued Efforts. Sincerely, Abby Ludens Vice President Talent Management Acknowledgment: /S/ Karrie Forbes8/21/2015 ____________________________________________________ Karrie ForbesDate
February 23, 2015 Dear Karrie Forbes: Mattress Firm, Inc. (Mattress Firm) Is Pleased to Extend to You the Position of Chief Business Officer, as a Full-Time Employee, Reporting Directly to Steve Stagner, Effective on or Before March 4, 2015, or at a Mutually Agreed Upon Date. Compensation Effective May 6, 2015, Subject to Board Approval, You Will Be Compensated at a Monthly Rate of $25,833.33 (Annualized at $310,000) Subject to Normal Withholdings, Paid Semi-Monthly.