Document:

Retention Bonus Plan

 Exhibit 10.2 
 PW EAGLE, INC. 
 Retention Bonus Plan 
 1. OBJECTIVE 
 The objective of this Retention Bonus Plan is to
provide incentive to eligible management and key employees to remain with the Company and to contribute fully to the Company’s business achievement goals and success as the Strategic Committee of the Company’s Board of Directors continues
to evaluate and explore strategic alternatives for the Company, including return of capital to shareholders, a potential sale of the Company, acquisitions, product diversification and other actions designed to maximize shareholder value. 

2. PARTICIPATION 
 Those members of management or key employees, in
each case as specified by the Compensation Committee of the Company’s Board of Directors, (collectively “Covered Employees”) will participate in this Plan. A Covered Employee will receive the retention bonus noted below if, and
only if, both of the following conditions are met: (A) the Covered Employee remains employed by the Company, or a subsidiary of the Company, and is so employed by either the Company or a subsidiary of the Company as of the effective date of a
“Change in Control” (as defined below) and (B) the effective date of such Change in Control is after the effective date of this Plan and on or prior to December 31, 2007. 
 3. RETENTION BONUS 
 The retention bonus, to which a Covered Employee
meeting the conditions set forth in Paragraph 2 above is entitled, shall equal the amount of the potential target bonus assigned to such Covered Employee under the Company’s 2006 Performance Bonus Plan, whether or not such target bonus is
achieved. The retention bonus is in addition to, and not in substitution of, any bonus earned by the Covered Employee under the Company’s 2006 Performance Bonus Plan or under any other bonus arrangement. 
 4. PAYMENT 
 Payment of the retention bonus shall be in cash and shall
be paid as of the effective date of the Change in Control, and the Company will deduct therefrom any taxes and withholdings required by law to be withheld. 
 It is the intention of the Company that the provisions of this Plan comply with Section 409A of the Internal Revenue Code of 1986, as amended from time to time, and the regulations promulgated thereunder (the “Code”),
if applicable, and all provisions of this Plan shall be construed and interpreted in a manner consistent with Section 409A of the Code. To the extent necessary to avoid imposition of any additional tax or interest penalties under
Section 409A (such tax and interest penalties, a “Section 409A Tax”) for a particular Covered Employee, notwithstanding the timing of payment provided above for the retention bonus, the timing of 

 such payment to such Covered Employee shall be subject to a six-month delay in a manner consistent with
Section 409A(a)(2)(B)(i) of the Code, provided that (a) such Covered Employee shall be credited with interest in respect of such payment during such six-month period at the prime rate in effect from time to time at Citibank, N.A.,
or any successor thereto and (b) if such Covered Employee dies during such six-month period, any such delayed payment shall not be further delayed, and shall be immediately payable to such Covered Employee’s devisee, legatee or other
designee or, should there be no such designee, to such Covered Employee’s estate. From and after the effective date of this Plan, (i) the Company shall administer and operate this Plan in compliance with Section 409A of the Code and
any rules, regulations or other guidance promulgated thereunder as in effect from time to time and (ii) in the event that the Company determines that any provision of this Plan does not comply with Section 409A of the Code or any such
rules, regulations or guidance and that a Covered Employee may become subject to a Section 409A Tax, the Company shall in good faith amend or modify such provision with respect to such Covered Employee to avoid the application of such
Section 409A Tax, provided that such amendment or modification shall not reduce the economic value to such Covered Employee of the retention bonus. 
 5. DEFINITIONS 
 For purposes of this Plan, the following terms shall have the meanings set forth below. 
  

	 	(a)	“Change in Control” means: 

 (i) the
consummation of (A) a merger, consolidation, statutory share exchange or similar form of corporate transaction involving the Company (each of the events referred to in this clause (A) being hereinafter referred to as a
“Reorganization”) or (B) a sale or other disposition of all or substantially all the assets of the Company (a “Sale”), unless, immediately following such Reorganization or Sale, (1) all or substantially
all the individuals and entities who were the “beneficial owners” (as such term is defined in Rule 13d-3 under the Exchange Act (or a successor rule thereto)) of shares of the Company’s common stock or other securities eligible to
vote for the election of the Board outstanding immediately prior to the consummation of such Reorganization or Sale (such securities, the “Company Voting Securities”) beneficially own, directly or indirectly, more than 50% of the
combined voting power of the then outstanding voting securities of the corporation or other entity resulting from such Reorganization or Sale (including a corporation or other entity that, as a result of such transaction, owns the Company or all or
substantially all the Company’s assets either directly or through one or more subsidiaries) (the “Continuing Entity”) in substantially the same proportions as their ownership, immediately prior to the consummation of such
Reorganization or Sale, of the outstanding Company Voting Securities (excluding any outstanding voting securities of the Continuing Entity that such beneficial owners hold immediately following the consummation of the Reorganization or Sale as a
result of their ownership prior to such consummation of voting securities of any corporation or other entity involved in or forming part of such Reorganization or Sale other than the Company or a Subsidiary), (2) no Person (defined below)
(excluding any 
  

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 employee benefit plan (or related trust) sponsored or maintained by the Continuing Entity or any
corporation or other entity controlled by the Continuing Entity) beneficially owns, directly or indirectly, 50% or more of the combined voting power of the then outstanding voting securities of the Continuing Entity and (3) at least a majority
of the members of the board of directors or other governing body of the Continuing Entity were Incumbent Directors (defined below) at the time of the execution of the definitive agreement providing for such Reorganization or Sale or, in the absence
of such an agreement, at the time at which approval of the Board was obtained for such Reorganization or Sale; 
 (ii) the shareholders of the
Company approve a plan of complete liquidation or dissolution of the Company; or 
 (iii) any Person, corporation or other entity or group
(within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) becomes the beneficial owner, directly or indirectly, of securities of the Company representing 50% or more of the combined voting power of the Company Voting Securities;
provided, however, that for purposes of this subparagraph (a)(iii), the following acquisitions shall not constitute a Change in Control: (A) any acquisition by any employee benefit plan (or related trust) sponsored or maintained
by the Company or any subsidiary of the Company, (B) any acquisition by an underwriter temporarily holding such Company Voting Securities pursuant to an offering of such securities or (C) any acquisition pursuant to a Reorganization or
Sale that does not constitute a Change in Control for purposes of subparagraph (a)(i). 
 (b) The “effective date” of a
Change in Control means the date on which a Change in Control occurs (if any). 
 (c) “Incumbent Directors” means
individuals who, as of the effective date of this Plan, were members of the Company’s Board of Directors; provided, however, that any individual becoming a director subsequent to the effective date of this Plan whose appointment
or election, or nomination for election, by the Company’s shareholders was approved by a vote of at least a majority of the Incumbent Directors shall be considered as though such individual were an Incumbent Director, but excluding, for
purposes of this proviso, any such individual whose assumption of office after the effective date of this Plan occurs as a result of an actual or threatened proxy contest with respect to election or removal of directors or other actual or threatened
solicitation of proxies or consents by or on behalf of a “person” (as such term is used in Section 13(d) of the Exchange Act) (each, a “Person”) other than the Board. 
 (d) “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, or any successor statute thereto.

 As authorized by the Board of Directors and its Compensation Committee 
 Effective: November 15, 2006 
  

 3Consulting Agreement, effective as of October 1, 2006

 EXHIBIT 10.1 
 CONSULTING AGREEMENT 
 THIS CONSULTING AGREEMENT (this “Agreement”) is made
and entered into effective as of the 1st day of October, 2006, by and between PIPASA, S.A., a corporation organized under the laws of Costa Rica (the “Company”), and SAMA INTERNACIONAL (G.S.) SOCIEDAD ANÓNIMA, a corporation
organized under the laws of Costa Rica (the “Consultant”). 
 R E C I T A L S 
 A. The Company believes that the Consultant’s business advice will be extremely beneficial to the Company and wishes to obtain such advice and the
benefit of the Consultant’s knowledge and experience. 
 B. The Company desires to retain the services of the Consultant and the
Consultant desires to provide services to the Company, subject to the terms and conditions set forth in this Agreement. 
 AGREEMENT

 In consideration of the foregoing recitations, the mutual promises hereinafter set forth and other good and valuable
consideration, the receipt and sufficiency of which are acknowledged hereby, the parties hereto, intending legally to be bound, hereby covenant and agree as follows: 
 1. Engagement of Consultant. The Company hereby engages the Consultant and the Consultant hereby agrees to provide the analytical and consulting services set forth on Exhibit A hereto, as Exhibit
A may be revised from time to time by the mutual consent of the Company and the Consultant. During the Consulting Term (as defined below), the Consultant agrees to devote such time as is reasonably necessary to the business and affairs of the
Company to discharge the responsibilities assigned to the Consultant hereunder with the care an ordinarily prudent person in a like position would exercise under the circumstances and to use its best efforts to perform faithfully and efficiently
such responsibilities. The Consultant shall report directly to the Company’s Executive Committee. The Consultant shall make itself available to meet with the Company’s Board of Directors upon the reasonable request of the members of the
Company’s Board of Directors. Subject to the foregoing, the Consultant shall have the discretion with regards to the staffing of the services to be performed by the Consultant hereunder. 
 2. Standard for Performance of Duties. For the term of this Agreement and in the course of discharging its duties pursuant to this Agreement, the
Consultant shall be deemed to be a fiduciary to the Company and, accordingly, owe the Company the following duties, among others, as such duties are interpreted under the laws of the State of Delaware: (a) the duty of loyalty; (b) the duty
of care, including but not limited to, the duty to act in good faith with the care an ordinarily prudent person in a like position would exercise under similar circumstances in a manner the Consultant reasonably believes to be in the best interests
of the Company; (c) the duty of full and frank disclosure; and (d) and the duty to avoid self-dealing. The Consultant acknowledges and agrees that the Company will be relying upon the Consultant to discharge its duties and obligations in
accordance with this Agreement. 
  

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 3. Term of Agreement. The term of this Agreement shall commence as of October 1, 2006 (the
“Commencement Date”) and shall continue for one year after the Commencement Date (the “Consulting Term”), subject to earlier termination as provided herein. 
 4. Nature of Consulting Relationship. It is agreed and understood by the parties to this Agreement that, for all purposes, during the Consulting
Term, the Consultant shall serve solely as an independent contractor of the Company and shall not be an employee of the Company in any capacity. Nothing in this Agreement shall be interpreted or construed as creating or establishing the relationship
of employer and employee between the Consultant and Company. As an independent contractor, the Consultant (a) shall accept any directions issued by the Company pertaining to the goals to be attained and the results to be achieved by him, but
shall be solely responsible for the manner and hours in which he will perform his services under this Agreement, (b) shall not be entitled to any employee or fringe benefits available to employees of the Company, and (c) shall be solely
responsible for the payment of any federal, state and local taxes applicable to the fees and expenses paid or payable by the Company in connection with the Consultant’s engagement. 
 5. Consulting Fee. In consideration for the Services to be provided by the Consultant pursuant to Section 1 hereof, the Company shall pay a
monthly fee to the Consultant determined in accordance with the terms set forth on Exhibit B hereto (the “Monthly Fee”). Notwithstanding the foregoing, in no event shall the Monthly Fee exceed $125,000 per month. 
 6. Termination. Notwithstanding anything to the contrary contained in this Agreement, this Agreement may be terminated by the Company, without
penalty, at any time by ten (10) days written notice to the Consultant. 
 7. Confidentiality. The Company agrees to promptly
provide and fully disclose to Consultant any and all information regarding the Company which Company reasonably deems pertinent to its engagement hereunder. The Consultant hereby covenants and agrees with the Company to carefully guard and keep
confidential (i) any and all reports, materials and information, whether written, oral or in electronic form, furnished by the Consultant to the Company under this Agreement and (ii) all information concerning the financial, business,
business prospects and any other affairs of the Company or its affiliated companies of which Consultant shall at any time become possessed. The Consultant will not during or after the term of this Agreement disclose any such information to any
person, firm or corporation, or use such information for any purpose other than for the benefit of the Company and with its full knowledge and consent. Consultant acknowledges that the Company has advised it that the Company does not desire to
acquire from Consultant any secret or confidential know-how or information which Consultant may have acquired from others. Accordingly, Consultant represents and warrants that it is free to divulge to the Company, without any obligation to, or
violation of any right of, others, any and all information, practices or techniques which Consultant will describe, demonstrate, divulge or in any other manner make known to the Company during the performance of its services hereunder. All records,
notes, papers, sketches, drawings, reports, customer lists, summaries or abstracts, or any other documentation, regardless of the medium employed, regarding or relating to the Company’s businesses, any contemplated future business prospect of
the Company or its services and/or trade secrets which may be in Consultant’s possession or to which it may have had access shall be and remain the exclusive property of the Company. 
  

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 8. No Authority to Bind Company. The Consultant does not and shall not have any authority to enter
into any contract or agreement for, on behalf of or in the name of the Company, or to legally bind the Company to any commitment or obligation. 
 9. Compliance with Laws. The Consultant shall perform all of its obligations and duties hereunder strictly in accordance with all applicable laws, rules and regulations. 
 10. Governing Law; Venue and Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of Costa Rica, without
regard to the principles of conflicts of laws. 
 11. Severability. The invalidity of any one or more of the words, phrases,
sentences, clauses, provisions, sections or articles contained in this Agreement shall not affect the enforceability of the remaining portions of this Agreement or any part thereof, all of which are inserted conditionally on their being valid in
law, and, in the event that any one or more of the words, phrases, sentences, clauses, provisions, sections or articles contained in this Agreement shall be declared invalid, this Agreement shall be construed as if such invalid word or words, phrase
or phrases, sentence or sentences, clause or clauses, provisions or provisions, section or sections or article or articles had not been inserted. If such invalidity is caused by length of time or size of area, or both, the otherwise invalid
provision will be considered to be reduced to a period or area which would cure such invalidity. 
 12. 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 shall constitute one and the same instrument and agreement. 
 [signature page follows] 
  

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 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above
written. 
  

			
	COMPANY:
	
	PIPASA, S.A.
		
	By:	 	 /s/ Victor Oconitrillo

	Name:	 	Victor Oconitrillo
	Title:	 	President
	
	CONSULTANT:
	
	 SAMA INTERNACIONAL (G.S.)
 SOCIEDAD
ANÓNIMA

		
	By:	 	 /s/ Rolando Cervantes  /  /s/ Henry Zamora

	Name:	 	Rolando Cervantes  /  Henry Zamora
	Title:	 	Apoderados

  

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