Document:

<PAGE>

                                                                    EXHIBIT 10.1

                       EMPLOYMENT AND SEVERANCE AGREEMENT

      This Employment and Severance Agreement (the "Agreement") is entered into
this 21st day of July, 2004, by and between AGCO CORPORATION, a Delaware
corporation (the "Company"), and Martin Richenhagen (the "Executive").

                                   WITNESSETH:

      In consideration of the mutual covenants and agreements hereinafter set
forth, the Company and the Executive do hereby agree as follows:

      1.    EMPLOYMENT.

            (a)   The Company hereby employs the Executive, and the Executive
hereby agrees to serve the Company, upon the terms and conditions set forth in
this Agreement.

            (b)   The employment term shall commence on July 21, 2004 and shall
continue in effect for an initial three (3) year term. This Agreement shall
automatically be extended for additional one (1) year terms unless: (i) the
Company notifies the Executive at least 60 days prior to the expiration of the
current term that this Agreement shall not be renewed, or (ii) the Agreement is
terminated pursuant to the provisions of Section 5.

      2.    POSITION AND DUTIES.

            The Executive shall serve as President and Chief Executive of the
Company and shall perform such duties and responsibilities as may from time to
time be prescribed by the Company's board of directors (the "Board"), provided
that such duties and responsibilities are consistent with the Executive's
position. The Executive shall perform and discharge faithfully, diligently and
to the best of his ability such duties and responsibilities and shall devote all
of his working time and efforts to the business and affairs of the Company and
its affiliates.

      3.    COMPENSATION.

            (a)   BASE SALARY. The Company shall pay to the Executive an annual
base salary ("Base Salary") of Seven Hundred Fifty Thousand Dollars ($750,000
USD), payable in equal semi-monthly installments throughout the term of such
employment subject to Section 5 hereof (except that the first and last
semi-monthly installments may be prorated, if necessary) and subject to
applicable tax and payroll deductions. The Company shall consider increases in
the Executive's Base Salary annually, and any such increase in salary
implemented by the Company shall become the Executive's Base Salary for purposes
of this Agreement.

            (b)   INCENTIVE COMPENSATION. Provided Executive has duly performed
his obligations pursuant to this Agreement, the Executive shall be entitled to
participate in the

Contract-Richenhagen

                                     - 1 -
<PAGE>

Management Incentive Compensation Plan and the Long-Term Incentive Plan that is
implemented by the Company.

            (c)   SUPPLEMENTAL EMPLOYEE RETIREMENT PROGRAM. During the term of
this Agreement, the Executive shall be entitled to participate in the AGCO
Corporation Supplemental Executive Retirement Plan ("SERP"), and the SERP shall
be amended to provide for the following:

                  (1)   For the purpose of determining years of credited
                        service, the Executive shall be guaranteed the first
                        five (5) years of service. Benefits shall be vested and
                        portable if the Executive's employment is terminated by
                        the Company without Cause, by the Executive for Good
                        Reason or by the Company by not renewing this Agreement,
                        even if the Executive's actual employment is less than
                        five years.

                  (2)   In the event the Executive elects to terminate
                        employment with the Company for reasons other than Good
                        Reason, the benefits of the SERP shall not be portable.

            (d)   OTHER BENEFITS. During the term of this Agreement, the
Executive shall be entitled to participate in the employee benefit plans and
arrangements which are available to senior executive officers of the Company,
including, without limitation, group health and life insurance, pension and
savings, and the Senior Management Employment Policy.

            (e)   FRINGE BENEFITS. The Company shall pay or reimburse the
Executive for all reasonable and necessary expenses incurred by him in
connection with his duties hereunder, upon submission by the Executive to the
Company of such written evidence of such expenses as the Company may require.
Throughout the term of this Agreement, the Company will provide the Executive
with the use of a vehicle for purposes within the scope of his employment and
shall pay all expenses for fuel, maintenance and insurance in connection with
such use of the automobile. The Company further agrees that the Executive shall
be entitled to four (4) weeks of vacation in any year of the term of employment
hereunder, subject to the terms of the Company's vacation policy.

4.    RESTRICTIVE COVENANTS

            (a)   ACKNOWLEDGMENTS. The Executive acknowledges that as an
Executive Officer of the Company (i) he frequently will be exposed to certain
"Trade Secrets" and "Confidential Information" of the Company (as those terms
are defined in Subsection 4(b)), (ii) his responsibilities on behalf of the
Company will extend to all geographical areas where the Company is doing
business, and (iii) any competitive activity on his part during the term of his
employment and for a reasonable period thereafter would necessarily involve his
use of the Company's Trade Secrets and Confidential Information and, therefore,
would unfairly threaten the Company's legitimate business interests, including
its substantial investment in the proprietary aspects of its business and the
goodwill associated with its customer base. Moreover,

Contract-Richenhagen

                                     - 2 -
<PAGE>

the Executive acknowledges that, in the event of the termination of his
employment with the Company, he would have sufficient skills to find
alternative, commensurate work in his field of expertise that would not involve
a violation of any of the provisions of this Section 4. Therefore, the Executive
acknowledges and agrees that it is reasonable for the Company to require him to
abide by the covenants set forth in this Section 4. The parties acknowledge and
agree that if the nature of the Executive's responsibilities for or on behalf of
the Company and the geographical areas in which the Executive must fulfill them
materially change, the parties will execute appropriate amendments to the scope
of the covenants in this Section 4.

            (b) DEFINITIONS.

            (i)   "Business of Company" means designing, manufacturing,
            marketing, and distributing agricultural equipment.

            (ii)  "Material Contact" as used in the non-solicitation provision
            below means personal contact or the supervision of the efforts of
            those who have personal contact with an existing or potential
            Customer or Vendor in an effort to further or create a business
            relationship between the Company and such existing or potential
            Customer or Vendor.

            (iii) "Confidential Information" means information about the
            Company, its Executives, and Customers which is not generally known
            outside of the Company, which the Executive learns of in connection
            with the Executive's employment with the Company, and which would be
            useful to competitors of the Company or potentially harmful to the
            Company's reputation. Confidential Information includes, but is not
            limited to: (1) business and employment policies, marketing methods
            and the targets of those methods, finances, business plans,
            promotional materials and price lists; (2) the terms upon which the
            Company hires employees and provides services to its Customers; (3)
            the nature, origin, composition and development of the Company's
            products and services; and (4) the manner in which the Company
            provides products and services to its Customers.

            (iv)  "Trade Secrets" means Confidential Information which meets the
            additional requirements of the Georgia Trade Secrets Act.

            (v)   "Territory" means those countries and areas as more
            particularly set forth on Exhibit A attached hereto.

            (c)   COVENANT OF CONFIDENTIALITY. During the term of this
Agreement, the Executive agrees only to use and disclose Confidential
Information in connection with his duties hereunder and to otherwise maintain
the secrecy of the same. The Executive agrees that for a period of five years
following the cessation of his employment for any reason, he shall not directly
or indirectly divulge or make use of any Confidential Information or Trade
Secrets of the Company without prior written consent of the Company. The
Executive further agrees that if he is questioned about information subject to
this Agreement by anyone not

Contract-Richenhagen

                                     - 3 -
<PAGE>

authorized to receive such information, he will promptly notify the Chairman of
the Board. This Agreement does not limit the remedies available under common or
statutory law, which may impose longer duties of non-disclosure. The Executive
will immediately notify the Chairman of the Board if he receives any subpoenas
which could require the disclosure of Confidential Information, so that the
Company may take whatever actions it deems necessary to protect its interests.

            (d)   COVENANT OF NON-COMPETITION. The Executive agrees that while
employed by the Company and for a period of twenty-four (24) months following
the cessation of his employment for any reason, he will not compete with the
Business of Company by performing services of the same or similar type as those
he performed for the Company as an employee, contractor, consultant, officer,
director or agent for any person or entity engaged in the Business of Company.
Likewise, the Executive will not perform activities of the type which in the
ordinary course of business would involve the utilization of Confidential
Information or Trade Secrets protected from disclosure by Section 4 (c) of this
Agreement. This paragraph restricts competition only within the Territory.

            (e)   COVENANT OF NON-SOLICITATION. The Executive agrees that while
employed by the Company and for a period of twenty-four (24) months following
the cessation of his employment for any reason, he will not directly or
indirectly solicit or attempt to solicit any business in competition with the
Business of Company from any of the Customers with whom the Executive had
Material Contact within the last 18 months of his employment with the Company.
The Executive further agrees that for a period of twenty-four (24) months
following the cessation of his employment, he will not directly or indirectly
solicit or attempt to solicit any Vendors of the Company with whom he had
Material Contact during the last 18 months of his employment with the Company to
provide services to any person or entity which competes with the Business of
Company.

            (f)   COVENANT OF NON-RECRUITMENT. The Executive agrees that while
employed by the Company and for a period of twenty-four (24) months following
the cessation of his employment for any reason, he will not directly or
indirectly solicit or attempt to solicit any other employee of the Company for
the purpose of encouraging, enticing, or causing said employee to voluntarily
terminate employment with the Company.

            (g)   COVENANT TO RETURN PROPERTY AND INFORMATION. The Executive
agrees to return all of the Company's property within seven (7) days following
the cessation of his employment for any reason. Such property includes, but is
not limited to, the original and any copy (regardless of the manner in which it
is recorded) of all information provided by the Company to the Executive, or
which the Executive has developed or collected in the scope of his employment
with the Company, as well as all Company-issued equipment, supplies,
accessories, vehicles, keys, instruments, tools, devices, computers, cell
phones, pagers, materials, documents, plans, records, notebooks, drawings, or
papers.

            (h)   ASSIGNMENT OF WORK PRODUCT AND INVENTIONS. The Executive
hereby assigns and grants to the Company (and will upon request take any actions

Contract-Richenhagen

                                     - 4 -
<PAGE>

needed to formally assign and grant to the Company and/or obtain patents,
trademark registrations or copyrights belonging to the Company) the sole and
exclusive ownership of any and all inventions, information, reports, computer
software or programs, writings, technical information or work product collected
or developed by the Executive, alone or with others, during the term of the
Executive's employment. This duty applies whether or not the forgoing inventions
or information are made or prepared in the course of employment with the
Company, so long as such inventions or information relate to the Business of
Company and have been developed in whole or in part during the term of the
Executive's employment. The Executive agrees to advise the Company in writing of
each invention that Executive, alone or with others, makes or conceives during
the term of Executive's employment. Inventions which the Executive developed
before the Executive came to work for the Company, if any, are as follows:

______________________________________________________________________________.

            (i)   REMEDIES FOR VIOLATION OF RESTRICTIVE COVENANTS. The Executive
acknowledges that the Company would suffer irreparable harm if the Executive
fails to comply with the foregoing, and that the Company would be entitled to
any appropriate relief, including money damages, injunctive and other equitable
relief and attorneys' fees. The Executive agrees that the pendency of any claim
whatsoever against the Company shall not constitute a defense to the enforcement
of this Noncompetition Agreement by the Company.

            (j)   SEVERABILITY. In the event that any one or more of the
provisions of these restrictive covenants shall be held to be invalid, illegal
or unenforceable, the validity, legality and enforceability of the remaining
provisions shall not in any way be affected or impaired thereby. Moreover, if
any one or more of the provisions contained in these restrictive covenants shall
be held to be excessively broad as to duration, activity or subject, the parties
authorize the Court in which such action is pending to modify said covenants and
enforce them to the extent that the Court deems reasonable.

      5.    TERMINATION.

            (a)   DEATH. This Agreement shall terminate upon the death of the
Executive, provided, however, that for purposes of the payment of Base Salary to
the Executive, the death of the Executive shall be deemed to have occurred
ninety (90) days from the last day of the month in which the death of the
Executive shall have occurred.

            (b)   DISABILITY. Executive's employment and all obligations of the
Company hereunder shall terminate upon a finding that the Executive is disabled
under the Company's group long term disability plan.

            (c)   CAUSE. The Company may terminate the Executive's employment
hereunder for Cause by giving written Notice of Termination to the Executive.
For the purposes of this Agreement, the Company shall have "Cause" to terminate
the Executive's employment hereunder upon: (i) the conviction of Executive of,
or the entry of a plea of guilty, first offender probation before judgment, or
nolo contendere by Executive to, any felony; (ii) fraud, misappropriation or
embezzlement by Executive; (iii) Executive's willful failure or gross

Contract-Richenhagen

                                     - 5 -
<PAGE>

negligence in the performance of his assigned duties for the Company, which
failure or negligence continues for more than or was not remedied within thirty
(30) calendar days following Executive's receipt of written notice of such
willful failure or gross negligence; (iv) Executive's failure to follow
reasonable and lawful directives of the Board or his breach of his fiduciary
duty to the Company, which failure is not remedied within thirty (30) calendar
days following Executive's receipt of written notice of such failure; (v) any
act or omission of Executive that has a demonstrated and material adverse impact
on the Company's business or reputation for honesty and fair dealing, other than
an act or failure to act by Executive in good faith and without reason to
believe that such act or failure to act would adversely impact on the Company's
business or reputation for honesty and fair dealing; or (vi) the breach by
Executive of any material term of this Agreement, which breach continues for
more than or was not remedied within thirty (30) calendar days following
Executive's receipt of written notice of such breach.

            (d)   WITHOUT CAUSE; GOOD REASON.

                  (i)   The Company may terminate the Executive's employment
                        hereunder without Cause, by giving written Notice of
                        Termination (as defined in Section 5(e)) to the
                        Executive.

                  (ii)  The Executive may terminate his employment hereunder, by
                        giving written Notice of Termination to the Company. For
                        the purposes of this Agreement, the Executive shall have
                        "Good Reason" to terminate his employment hereunder upon
                        (a) a substantial reduction in the Executive's aggregate
                        Base Salary and annual incentive compensation taken as a
                        whole, excluding any reductions caused by the
                        performance of the Company or the Executive, including
                        but not limited to, the failure by the Executive to
                        achieve performance targets established from time to
                        time by the Board and/or under the Long Term Incentive
                        Plan or from below budget performance by the Company, or
                        (b) the Company's failure to make payments of Base Pay
                        and incentive compensation, but only upon notice of such
                        failure given by the Executive and the subsequent
                        failure of the Company to cure the non-payment within
                        thirty (30) days of such notice.

            (e)   NOTICE OF TERMINATION. Any termination by the Company pursuant
to the Subsections (b), (c) or (d)(i) above or by the Executive pursuant to
Subsection (d)(ii) above, shall be communicated by written Notice of Termination
from the party issuing such notice to the other party hereto. For purposes of
this Agreement, a "Notice of Termination" shall mean a notice which shall
indicate the specific termination provision of this Agreement relied upon and
shall set forth in reasonable detail the facts and circumstances claimed to
provide a basis for such termination. A date of termination specified in the
Notice of Termination shall not be dated earlier than ninety (90) days from the
date such Notice is delivered or mailed to the applicable party.

Contract-Richenhagen

                                     - 6 -
<PAGE>

            (f)   OBLIGATION TO PAY. Except upon termination for Cause and
voluntary termination by the Executive without Good Reason, and further subject
to Section 6 below, the Company shall pay the compensation specified in this
Subsection 5(f) to the Executive for the period specified in this Subsection
5(f), continue life insurance benefits during the remainder of the applicable
period, including the Severance Period set forth in this Subsection 5(f), and
pay Executive 18 months of COBRA premiums to continue group health coverage. If
the Executive's employment shall be terminated by reason of death, the estate of
the Executive shall be paid all sums otherwise payable to the Executive through
the end of the third month after the month in which the death of the Executive
occurred, including all bonus or other incentive benefits accrued or accruable
to the Executive through the end of the month in which the death of the
Executive occurred and the Company shall have no further obligations to the
Executive under this Agreement. If the Executive's employment is terminated by
reason of disability as determined under the Company's long term disability
plan, the Executive or the person charged with legal responsibility for the
Executive's estate shall be paid all sums otherwise payable to the Executive,
including the bonus and other benefits accrued or accruable to the Executive,
through the date of disability, and the Company shall have no further
obligations to the Executive under this Agreement. If the Executive's employment
shall be terminated for Cause, the Company shall pay the Executive his Base
Salary through the date of termination specified in the Notice of Termination
and the Company shall have no further obligations to the Executive under this
Agreement. If the Executive's employment shall be terminated by the Company
without Cause, by the Executive for Good Reason or by the Company by not
renewing the Agreement following the initial term or any subsequent term, the
Company shall (x) continue to pay the Executive the Base Salary (at the rate in
effect on the date of such termination) for a period of two (2) years beginning
as of the date of such termination (such two (2) year period being referred to
hereinafter as the "Severance Period") at such intervals as the same would have
been paid had the Executive remained in the active service of the Company, and
(y) pay the Executive a pro rata portion of the bonus or other incentive
benefits to which the Executive would have been entitled for the year of
termination had the Executive remained employed for the entire year, which
incentive compensation shall be payable at the time incentive compensation is
payable generally under the applicable incentive plans; provided, however, that
notwithstanding the foregoing, the Executive shall not be entitled to any
severance payments upon and after reaching age 65 . The Executive shall have no
further right to receive any other compensation, benefits or perquisites after
the date of termination of employment except as determined under the terms of
the employee benefit plans or programs of the Company or under applicable law.

      6.    CONDITIONS APPLICABLE TO SEVERANCE PERIOD; MITIGATION OF DAMAGES

            (a)   If during the Severance Period, the Executive breaches his
obligations under Section 4 above, the Company may, upon written notice to the
Executive, terminate the Severance Period and cease to make any further payments
or provide any benefits described in Subsection 5(f).

Contract-Richenhagen

                                     - 7 -
<PAGE>

            (b)   Although the Executive shall not be required to mitigate the
amount of any payment provided for in Subsection 5(f) by seeking other
employment, any such payments shall be reduced by any amounts which the
Executive receives or is entitled to receive from another employer with respect
to the Severance Period. The Executive shall promptly notify the Company in
writing in the event that other employment is obtained during the Severance
Period.

      7.    NOTICES. For the purpose of this Agreement, notices and all other
communications to either party hereunder provided for in the Agreement shall be
in writing and shall be deemed to have been duly given when delivered in person
or mailed by certified first-class mail, postage prepaid, addressed:

            in the case of the Company to:

                  AGCO Corporation
                  4205 River Green Parkway
                  Duluth, Georgia 30096
                  Attention:  R. J. Ratliff

            in the case of the Executive to:

                  Martin Richenhagen
                  AGCO Corporation
                  4205 River Green Parkway
                  Duluth, GA 30096

or to such other address as either party shall designate by giving written
notice of such change to the other party.

      8.    ARBITRATION. Any claim, controversy, or dispute arising between the
parties with respect to this Agreement, to the maximum extent allowed by
applicable law, shall be submitted to and resolved by binding arbitration. The
arbitration shall be conducted pursuant to the terms of the Federal Arbitration
Act and (except as otherwise specified herein) the Commercial Arbitration Rules
of the American Arbitration Association in effect at the time the arbitration is
commenced. The venue for the arbitration shall be the Atlanta, Georgia offices
of the American Arbitration Association. Either party may notify the other party
at any time of the existence of an arbitrable controversy by delivery in person
or by certified mail of a Notice of Arbitrable Controversy. Upon receipt of such
a Notice, the parties shall attempt in good faith to resolve their differences
within fifteen (15) days after the receipt of such Notice. Notice to the Company
and the Executive shall be sent to the addresses specified in Section 7 above.
If the dispute cannot be resolved within the fifteen (15) day period, either
party may file a written Demand for Arbitration with the American Arbitration
Association's Atlanta, Georgia Regional Office, and shall send a copy of the
Demand for Arbitration to the other party. The arbitration shall be conducted
before a panel of three (3) arbitrators. The arbitrators shall be selected as
follows: (a) The party filing the Demand for Arbitration shall simultaneously
specify his or its arbitrator, giving the name, address and telephone number of
said arbitrator; (b) The party

Contract-Richenhagen

                                     - 8 -
<PAGE>

receiving such notice shall notify the party demanding the arbitration of his or
its arbitrator, giving the name, address and telephone number of the arbitrator
within five (5) days of the receipt of such Demand for Arbitration; (c) A
neutral person shall be selected through the American Arbitration Association's
arbitrator selection procedures to serve as the third arbitrator. The arbitrator
designated by any party need not be neutral. In the event that any person fails
or refuses timely to name his arbitrator within the time specified in this
Section 8, the American Arbitration Association shall (immediately upon notice
from the other party) appoint an arbitrator. The arbitrators thus constituted
shall promptly meet, select a chairperson, fix the time, date(s), and place of
the hearing, and notify the parties. To the extent practical, the arbitrators
shall schedule the hearing to commence within sixty (60) days after the
arbitrators have been impaneled. A majority of the panel shall render an award
within ten (10) days of the completion of the hearing, which award may include
an award of interest, legal fees and costs of arbitration. The panel of
arbitrators shall promptly transmit an executed copy of the award to the
respective parties. The award of the arbitrators shall be final, binding and
conclusive upon the parties hereto. Each party shall have the right to have the
award enforced by any court of competent jurisdiction.

Executive initials: /s/ M.R. ___________       Company initials: /s/ R.J.R.
                   ---------------------                        ----------------

      9.    NO WAIVER. No provision of this Agreement may be modified, waived or
discharged unless such waiver, modification or discharge is approved by the
Board and agreed to in a writing signed by the Executive and such officer as may
be specifically authorized by the Board. No waiver by either party hereto at any
time of any breach by the other party hereto of, or compliance with, any
condition or provision of this Agreement to be performed by such other party
shall be deemed a waiver of any other provisions or conditions of this Agreement
at the same or at any prior or subsequent time.

      10.   SUCCESSORS AND ASSIGNS. The rights and obligations of the Company
under this Agreement shall inure to the benefit of and be binding upon the
successors and assigns of the Company and the Executive's rights under this
Agreement shall inure to the benefit of and be binding upon his heirs and
executors. Neither this Agreement or any rights or obligations of the Executive
herein shall be transferable or assignable by the Executive.

      11.   VALIDITY. The invalidity or unenforceability of any provision or
provisions of this Agreement shall not affect the validity or enforceability of
any other provisions of this Agreement, which shall remain in full force and
effect. The parties intend for each of the covenants contained in Section 4 to
be severable from one another.

      12.   SURVIVAL. The provisions of Section 4 hereof shall survive the
termination of Executive's employment and shall be binding upon the Executive's
personal or legal representative, executors, administrators, successors, heirs,
distributees, devisees and legatees and the provisions of Section 5 hereof
relating to payments and termination of the Executive's employment hereunder
shall survive such termination and shall be binding upon the Company.

Contract-Richenhagen

                                     - 9 -
<PAGE>

      13.   COUNTERPARTS. This Agreement may be executed in one or more
counterparts, each of which shall be deemed to be an original but all of which
together will constitute one and the same instrument.

      14.   ENTIRE AGREEMENT. This Agreement constitutes the full agreement and
understanding of the parties hereto with respect to the subject matter hereof
and all prior or contemporaneous agreements or understandings are merged herein.
The parties to this Agreement each acknowledge that both of them and their
respective agents and advisors were active in the negotiation and drafting of
the terms of this Agreement.

      15.   GOVERNING LAW. The validity, construction and enforcement of this
Agreement, and the determination of the rights and duties of the parties hereto,
shall be governed by the laws of the State of Georgia.

      IN WITNESS WHEREOF, the parties hereto have executed this Agreement.

                                                AGCO CORPORATION

                                                By:      /s/ R.J. Ratliff
                                                   -----------------------------

                                                Name:         R.J. Ratliff

                                                Title:  Chairman

                                                EXECUTIVE

                                                      /s/ Martin Richenhagen
                                                --------------------------------

Contract-Richenhagen

                                     - 10 -
<PAGE>

                                    EXHIBIT A

                            DEFINITION OF "TERRITORY"
                           PURSUANT TO SECTION 4(b)(v)

<TABLE>
<CAPTION>
                                          AGCO RECOGNISED
CODE            COUNTRY             DISTRIBUTION/REPRESENTATIVE
---------------------------------------------------------------
<S>     <C>                         <C>
 AF     AFGHANISTAN                              Y
 AL     ALBANIA                                  Y
 DZ     ALGERIA                                  Y
 AO     ANGOLA                                   Y
 AG     ANTIGUA AND BARBUDA                      Y
 AR     ARGENTINA                                Y
 AU     AUSTRALIA                                Y
 AT     AUSTRIA                                  Y
 AY     AZORES                                   Y
 BH     BAHRAIN                                  Y
 BD     BANGLADESH                               Y
 BB     BARBADOS, WEST INDIES                    Y
 BE     BELGIUM                                  Y
 BJ     BENIN                                    Y
 BO     BOLIVIA                                  Y
 BA     BOSNIA                                   Y
 BR     BRAZIL                                   Y
 BG     BULGARIA                                 Y
 BI     BURUNDI                                  Y
 CM     CAMEROON                                 Y
 CA     CANADA                                   Y
 CF     CENTRAL AFRICAN REPUBLIC                 Y
 CL     CHILE                                    Y
 CN     CHINA                                    Y
 CO     COLOMBIA                                 Y
 CG     CONGO                                    Y
 CD     CONGO, DEM REP                           Y
 CR     COSTA RICA                               Y
 HR     CROATIA                                  Y
 CY     CYPRUS                                   Y
 CZ     CZECH REPUBLIC                           Y
 DK     DENMARK                                  Y
 DJ     DJIBOUTI                                 Y
 EC     ECUADOR                                  Y
 EG     EGYPT                                    Y
 SV     EL SALVADOR                              Y
 EE     ESTONIA                                  Y
 ET     ETHIOPIA                                 Y
 FJ     FIJI                                     Y
</TABLE>

Contract-Richenhagen

                                     - 11 -
<PAGE>

<TABLE>
<CAPTION>
                                          AGCO RECOGNISED
CODE            COUNTRY             DISTRIBUTION/REPRESENTATIVE
---------------------------------------------------------------
<S>     <C>                         <C>
 FI     FINLAND                                  Y
 FR     FRANCE                                   Y
 GF     FRENCH GUIANA                            Y
 PF     FRENCH POLYNESIA                         Y
 GA     GABON                                    Y
 GM     GAMBIA                                   Y
 GE     GEORGIA                                  Y
 DE     GERMANY                                  Y
 GH     GHANA                                    Y
 GR     GREECE                                   Y
 GP     GUADELOUPE                               Y
 GT     GUATEMALA                                Y
 GY     GUYANA                                   Y
 HT     HAITI                                    Y
 HN     HONDURAS                                 Y
 HK     HONG KONG                                Y
 HU     HUNGARY                                  Y
 IR     I.R.O. IRAN                              Y
 IS     ICELAND                                  Y
 IN     INDIA                                    Y
 ID     INDONESIA                                Y
 IQ     IRAQ                                     Y
 IE     IRELAND                                  Y
 IL     ISRAEL                                   Y
 IT     ITALY                                    Y
 CI     IVORY COAST                              Y
 JM     JAMAICA, WEST INDIES                     Y
 JP     JAPAN                                    Y
 JO     JORDAN                                   Y
 KZ     KAZAKHSTAN                               Y
 KE     KENYA                                    Y
 KW     KUWAIT                                   Y
 LV     LATVIA                                   Y
 LB     LEBANON                                  Y
 LY     LIBYA                                    Y
 LT     LITHUANIA                                Y
 LU     LUXEMBOURG                               Y
 MK     MACEDONIA                                Y
 MK     MACEDONIA                                Y
 MG     MADAGASCAR                               Y
 MW     MALAWI                                   Y
 MY     MALAYSIA                                 Y
 ML     MALI                                     Y
 MQ     MARTINIQUE                               Y
 MU     MAURITIUS                                Y
</TABLE>

Contract-Richenhagen

                                     - 12 -
<PAGE>

<TABLE>
<CAPTION>
                                          AGCO RECOGNISED
CODE            COUNTRY             DISTRIBUTION/REPRESENTATIVE
---------------------------------------------------------------
<S>     <C>                         <C>
 MX     MEXICO                                   Y
 MA     MOROCCO                                  Y
 MZ     MOZAMBIQUE                               Y
 MM     MYANMAR                                  Y
 NP     NEPAL                                    Y
 NL     NETHERLANDS                              Y
 NC     NEW CALEDONIA                            Y
 NZ     NEW ZEALAND                              Y
 NG     NIGERIA                                  Y
 NO     NORWAY                                   Y
 OM     OMAN                                     Y
 PK     PAKISTAN                                 Y
 PS     PALESTINE                                Y
 PG     PAPUA NEW GUINEA                         Y
 PE     PERU                                     Y
 PH     PHILIPPINES                              Y
 PL     POLAND                                   Y
 PT     PORTUGAL                                 Y
 PR     PUERTO RICO                              Y
 QA     QATAR                                    Y
 PA     REP. OF PANAMA                           Y
 ZM     REP. OF ZAMBIA                           Y
 RO     ROMANIA                                  Y
 RU     RUSSIA                                   Y
 RW     RWANDA                                   Y
 WS     SAMOA                                    Y
 SA     SAUDI ARABIA                             Y
 SN     SENEGAL                                  Y
 CS     SERBIA AND MONTENEGRO                    Y
 SC     SEYCHELLES                               Y
 SG     SINGAPORE                                Y
 SK     SLOVAKIA                                 Y
 SI     SLOVENIA                                 Y
 SB     SOLOMON ISLANDS                          Y
 ZA     SOUTH AFRICA                             Y
 KR     SOUTH KOREA                              Y
 ES     SPAIN                                    Y
 LK     SRI LANKA                                Y
 SD     SUDAN                                    Y
 SR     SURINAME                                 Y
 SE     SWEDEN                                   Y
 CH     SWITZERLAND                              Y
 SY     SYRIA                                    Y
 TW     TAIWAN                                   Y
 TZ     TANZANIA                                 Y
</TABLE>

Contract-Richenhagen

                                     - 13 -
<PAGE>

<TABLE>
<CAPTION>
                                          AGCO RECOGNISED
CODE            COUNTRY             DISTRIBUTION/REPRESENTATIVE
---------------------------------------------------------------
<S>     <C>                         <C>
 TH     THAILAND                                 Y
 CD     THE DEM. REP. OF THE CONGO               Y
 TG     TOGO                                     Y
 TO     TONGA                                    Y
 TT     TRINIDAD AND TOBAGO                      Y
 TN     TUNISIA                                  Y
 TR     TURKEY                                   Y
 UG     UGANDA                                   Y
 UA     UKRAINE                                  Y
 AE     UNITED ARAB EMIRATES                     Y
 GB     UNITED KINGDOM                           Y
 US     UNITED STATES                            Y
 UY     URUGUAY                                  Y
 VN     VIETNAM                                  Y
 ZW     ZIMBABWE                                 Y
                                               ---
TOTAL                                          144
                                               ===
</TABLE>

Contract-Richenhagen<PAGE>
                                                                    EXHIBIT 10.1

                                    AMENDMENT
                                     TO THE
               INDUS INTERNATIONAL, INC. 1997 DIRECTOR OPTION PLAN
                             (AS PREVIOUSLY AMENDED)

         This Amendment ("Amendment") is made and executed this 6th day of May,
2004, to be effective as of the date hereof.

         WHEREAS, the Company previously has adopted the Indus International,
Inc. 1997 Director Option Plan (the "Plan"); and

         WHEREAS, the Board of Directors of the Company has duly authorized and
approved the amendments the Plan set forth in this Amendment; and

         NOW, THEREFORE, in accordance with Section 11 of the Plan, the Plan is
hereby amended as follows:

         1.       Administration and Grants of Options under the Plan. Section 4
of the Plan hereby is amended by deleting the language in subsection 4(a)(iii)
and replacing it with the following:

                  "(iii) Each Outside Director shall be automatically granted an
         Option to purchase 25,000 Shares (a "Subsequent Option") on the date of
         the Company's annual meeting of stockholders upon such Outside
         Director's reelection to the Board, provided that on such date the
         Outside Director shall have served as a Director for at least the
         preceding six (6) months."

         2.       Administration and Grants of Options under the Plan. Section 4
of the Plan hereby is amended by deleting subsection (b), and replacing it with
the following:

         "(b) Grants to Committee Chairmen. All grants to Outside Directors
serving as Chairman of the Audit Committee of the Board, Chairman of the
Compensation Committee of the Board, or Chairman of the Nominating and Corporate
Governance Committee of the Board (each such position being referred to herein
as a "Committee Chairman") shall be automatic and nondiscretionary and shall be
made strictly in accordance with the following provisions and the provisions of
Section 4(a) above:

                  (i)      Each Outside Director serving as a Committee Chairman
shall be automatically granted an Option to purchase 5,000 Shares (the "First
Chairman Option") on the date on which such person first becomes a Committee
Chairman, whether through election or appointment.

                                     Page 1
<PAGE>

                  (ii)     Each Outside Director serving as a Committee Chairman
shall be automatically granted an Option to purchase 5,000 Shares (a "Subsequent
Chairman Option") on the date of the Company's annual meeting of stockholders
upon such Outside Director's reelection to the Board, provided that on such date
the Outside Director shall have served as a Committee Chairman for at least the
preceding six (6) months and will continue to serve as a Committee Chairman
following the date of grant of such Subsequent Chairman Option.

                  (iii)    The terms of a First Chairman Option or a Subsequent
Chairman Option granted hereunder shall be as follows:

                           (A)      The term of a First Chairman Option or a
Subsequent Chairman Option shall be ten (10) years.

                           (B)      The First Chairman Option or the Subsequent
Chairman Option shall be exercisable only while the Outside Director remains a
Director of the Company, except as set forth in Sections 8 and 10 hereof.

                           (C)      The exercise price per Share shall be 100%
of the Fair Market Value per Share on the date of grant of the First Chairman
Option or the Subsequent Chairman Option. In the event that the date of grant of
the First Chairman Option or the Subsequent Chairman Option is not a trading
day, the exercise price per Share shall be the Fair Market Value on the next
trading day immediately following the date of grant of the First Chairman Option
or the Subsequent Chairman Option.

                           (D)      Subject to Section 10 hereof, the First
Chairman Option or the Subsequent Chairman Option shall become exercisable as to
100% of the Shares subject to such option on each anniversary of the date of
grant, provided that the Optionee continues to serve as a Director on such
dates."

         The provisions of the Plan, as heretofore amended, shall remain in full
force and effect.

         IN WITNESS HEREOF, the Company has caused this Amendment to be duly
executed as of the date first above written.

                                        INDUS INTERNATIONAL, INC.

                                    By: /s/ Adam V. Battani
                                       ----------------------------------------
                                        Adam V. Battani
                                    Its: Vice President, General Counsel and
                                         Assistant Secretary

                                     Page 2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00069-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00069-of-00352.parquet"}]]