Letter Agreement, dated as of September 29, 2023, between Pitney Bowes, Inc. and Jason Dies

Duties and Responsibilities:  You will perform such duties as are assigned to you by the Board from time to time, and you will have authority commensurate with the position of Interim CEO and as delegated to you by the Board from time to time.

Monthly Stipend:  In order to compensate you for your increased responsibilities as Interim CEO, you will receive a monthly cash payment of $60,000 during your service as Interim CEO (the “Cash Stipend”), prorated for any partial months of service as Interim CEO.  The Cash Stipend will be payable in arrears during the first pay date of each month, beginning with the month following the Start Date, and otherwise in accordance with the Company’s normal payroll procedures. For the avoidance of doubt, the Cash Stipend is in addition to any other compensation you are currently eligible to receive from the Company.

Target LTI Increase:  In order to compensate you for your increased responsibilities as Interim CEO, your 2024 annual target long-term incentive award opportunity will be increased by $200,000 for a target value of $1,800,000.  Your 2023 long-term incentive award grant will also be increased by granting you additional RSUs (the “Top-Up RSUs”), as soon as practicable following the Start Date, with the number of Top-Up RSUs determined by dividing $200,000 by the grant date value, determined based on our standard valuation methodology, rounded up to the nearest whole RSU.  The Top-Up RSUs will be subject to the same vesting conditions as the RSUs previously granted to you in 2023.