Document:

EX-10.88

February 19, 2009

Erik Prusch

Austin, Texas

RE: Employment Agreement Amendment

Dear Erik,

This letter will serve as an amendment to your employment offer letter between you and Borland
Software Corporation (“Borland”), dated October 2, 2006 (“Offer Letter”). Your position is
currently Acting President & Chief Executive Officer; Chief Financial Officer, reporting directly
to the Board of Directors of Borland (the “Board”).

As the Acting President & Chief Executive Officer, and continuing if you are appointed as the
permanent President & Chief Executive Officer, all other employees of Borland will report to you or
your designee and not directly to the Board, subject to any regulatory or other legal requirements.
In addition, you will have such responsibilities, duties and authorities as commensurate with
chief executive officers of public entities of similar size and, in particular, will be, in
addition to being responsible for the operations of Borland, will be the chief external
representative of Borland.

In consideration for your service to Borland and your current fulfillment of the duties of the
office of the President & Chief Executive Officer, you shall have the following terms: (i) your ICP
Target is increased from 50% to 100%, effective for fiscal year 2009; (ii) the Addendum to
Employment Agreement for Severance Benefits attached to your Offer Letter is hereby replaced by the
Addendum to Employment Agreement for Severance Benefits attached hereto; (iii) following any
termination of your employment for any reason, you shall have twelve (12) additional months from
the otherwise applicable expiration date pursuant to Borland’s stock plan to exercise any unvested
options (but in no case longer than the applicable term of the option grant or the time period
prescribed by Internal Revenue Code § 409A); and (iv) you will be entitled to the benefits afforded
to the other members of senior management under Borland’s vacation, holiday and business expense
reimbursement policies. The other terms set forth in your Offer Letter will continue in full force
and effect.

You understand that the Board is fulfilling its responsibilities under the CEO Succession Plan and
its other fiduciary duties. The culmination of the CEO Succession Plan will be the appointment of a
permanent President & Chief Executive Officer and you are being considered for that position. You
are also currently continuing to serve as the Chief Financial Officer and agree to resign from that
position in the event a new Chief Financial Officer is hired.

In addition, you agree that, in consideration for Borland providing you with proprietary and
confidential information during your employment and associating you with Borland’s goodwill:

(i) You will not provide Competitive Duties (as defined below) for a Competitor (as defined
below) within the Covered Territory (as defined below) from now until twelve (12) months following
the date your employment with Borland terminates for any reason (the “Separation Date”); and

(ii) You will not solicit any Covered Customer or Prospective Customer (as defined below)
for—nor will you provide any Covered Customer or Prospective Customer with—any Competitive Products
or Services (as defined below) from now until twelve (12) months following the Separation Date.

If, during the period from now until one year following the Separation Date, you decide you would
like to pursue an opportunity or otherwise take action prohibited by the terms of this Agreement,
you agree to submit to Borland’s General Counsel a written request for a modification of the
restrictions found in this Agreement. You agree such written request will include an accurate and
reasonably detailed description of the opportunity or proposed action and an explanation as to why
you believe Borland should waive any term of this Agreement. You understand that Borland is under
no obligation to make any modification to, or waive any provision of, this Agreement and will
decide any such request in its sole and absolute discretion.

The capitalized terms used above shall have the following meanings:

(i) “Competitive Duties” means duties that relate to Competitive Products or Services in any
way and: (i) are similar in purpose or effect to the duties you had during the last twelve (12)
months of your employment with Borland; (ii) involve the management, operation, or control of a
person, entity, or business concern; (iii) are performed in the capacity of a director, officer,
partner, or executive; or (iv) consist principally of selling or marketing Competitive Products or
Services.

(ii) “Competitor” shall mean person, entity, or other business concern that offers or is
planning to offer Competitive Products or Services. A person, entity, or other business concern
that offers or plans to offer Competitive Products or Services and also offers or plans to offer
other services is considered a Competitor.

(iii) “Covered Territory” shall mean any geographic market with respect to which you had
responsibility in connection with your Borland employment or within which you performed duties or
functions in connection with your Borland employment.

(iv) “Competitive Products or Services” means: (i) the products and services sold by Borland
(as described on www.borland.com) during the last twelve (12) months of your employment,
and (ii) products or services that are otherwise competitive with any of the products or services
being offered, marketed, or actively developed by the Company at any time during the last twelve
(12) months of your employment.

(v) “Covered Customer or Prospective Customer” means: (i) any Borland customer or Prospective
Customer with whom you had contact (whether in person, by phone, by e-mail, or otherwise) as an
employee of Borland during the last twelve (12) months of your employment; and (ii) any of Borland
customer or Prospective customer about whom you had any Borland Confidential Information during the
last twelve (12) months of your employment.

Except as set forth herein, the terms and conditions under your Offer Letter shall continue in full
force and effect. The Offer Letter (and the documents referenced therein) together with this
amendment, constitute the entire agreement between you and Borland regarding the terms and
conditions of your employment, and they supersede all prior negotiations, representations or
agreements, whether oral or written, between you and Borland. This agreement may only be modified
by a document signed by you and a duly authorized signatory of Borland.

We look forward to continuing to work with you at Borland. Please sign and date this letter on the
spaces provided below to acknowledge your acceptance of the terms of this offer. This offer, if
not accepted, will expire at the close of business on February 20, 2009.

Sincerely,

Borland Software Corporation

	 	 	 
	By:
	 	     /s/ John Olsen—

	 	 	 

	 	 	John Olsen, Chairman of the Board

I have read the above addendum and accept the terms and conditions set forth herein.

Date: February 19, 2009 Sign: /s/ Erik E. Prusch

Enclosure: Addendum to Employment Agreement for Severance Benefits

1

Addendum To Employment Agreement

For Severance Benefits

The provisions of this Employment Agreement Addendum for Severance Benefits (the
“Addendum”) are incorporated into, and are made a part of, that employment Employment
Agreement (the “Employment Agreement”) by and between you, Erik E. Prusch, and Borland
Software Corporation (“Borland”), as amended on February 19, 2009. Capitalized terms used in this
Addendum are either defined herein or in Appendix A.

	A.	 	SEVERANCE BENEFITS.

	 	i.	 	Termination of Employment Outside of the Change in Control Period.
If your employment is terminated as a result of an Involuntary Termination other than
during the Change in Control Period and you sign a release of claims (in a form
satisfactory to Borland, an example of which is attached hereto as Appendix B), then
you shall be entitled to payment of one hundred percent (100%) of your annual Base
Salary and bonuses (in an amount no less than the average for the last two years or
the ICP Target, whichever is higher), less applicable withholding. Such amount shall
be payable in a lump sum no later than five (5) days following expiration of any
revocation period required in connection with the release of claims; provided,
however, if this payment is subject to Section 409A and you are a “specified
employee” (as defined in Section 409A), this payment shall be made within five (5)
days after the six (6) month anniversary of the Termination Date, which shall not
exceed sixty-five (65) days after the Termination Date.

	 	ii.	 	Termination of Employment During the Change in Control Period. If
your employment is terminated as a result of an Involuntary Termination during the
Change in Control Period and you sign a release of claims (substantially in the form
attached hereto as Appendix B), then you shall be entitled to payment of one hundred
percent (100%) of your annual Base Salary and bonuses (in an amount no less than the
average for the last two years or the ICP Target, whichever is higher), less
applicable withholding. Such amount shall be payable in a lump sum no later than
five (5) days following expiration of any revocation period required in connection
with the release of claims; provided, however, if this payment is subject to Section
409A and you are a “specified employee” (as defined in Section 409A), this payment
shall be made within five (5) days after the six (6) month anniversary of the
Termination Date, which shall not exceed sixty-five (65) days after the Termination
Date.

	 	iii.	 	Continuing Medical Coverage. If your employment is terminated as a
result of an Involuntary Termination, whether or not a Change in Control Period, and
you sign a release of claims (in a form satisfactory to Borland, an example of which
is attached hereto as Appendix B), then you shall be entitled to payment for your
premiums for health (i.e., medical, vision and dental) continuation coverage under
COBRA; provided, however, that (i) you are eligible for COBRA on the Termination Date
and (ii) you elect continuation coverage pursuant to COBRA, within the required time
period. Borland shall continue to provide you with health coverage pursuant to this
paragraph until the earliest of (i) the date you are no longer eligible to receive
continuation coverage pursuant to COBRA, (ii) twelve (12) months from the Termination
Date or (iii) the date on which you obtain comparable health coverage. You agree to
notify Borland promptly after you obtain alternative health coverage.

	B.	 	MITIGATION. Except as otherwise specifically provided herein, you shall not be
required to mitigate damages or the amount of any payment provided under this Addendum by
seeking other employment or otherwise, nor shall the amount of any payment provided for under
this Addendum be reduced by any compensation you earn as a result of your employment by
another employer or by any retirement benefits you receive after the Termination Date.

	C.	 	SUCCESSORS.

	 	i.	 	Borland’s Successors. Any successor to Borland (whether direct or
indirect and whether by purchase, lease, merger, consolidation, liquidation or
otherwise) to all or substantially all of Borland’s business and/or assets shall
assume Borland’s obligations under this Addendum and agree expressly to perform
Borland’s obligations under this Addendum in the same manner and to the same extent
as Borland would be required to perform such obligations in the absence of a
succession. For all purposes under this Addendum, the term “Borland” shall include
any successor to Borland’s business and/or assets which acknowledges it will be bound
by the terms of this Addendum or which becomes bound by the terms of this Addendum by
operation of law.

	 	ii.	 	Your Successors. Without the written consent of Borland, you shall
not assign or transfer this Addendum or any right or obligation under this Addendum
to any other person or entity. Notwithstanding the foregoing, the terms of this
Addendum and all you rights hereunder shall inure to the benefit of, and be
enforceable by, your personal or legal representatives, executors, administrators,
successors, heirs, distributees, devisees and legatees.

	D.	 	NOTICES. Notices and all other communications contemplated by this Addendum shall be
in writing and shall be deemed to have been duly given when personally delivered or when
mailed by U.S. registered or certified mail, return receipt requested and postage prepaid. In
your case, mailed notices shall be addressed to you at the home address which you most
recently communicated to Borland in writing. In the case of Borland, mailed notices shall be
addressed to its corporate headquarters, and all notices shall be directed to the attention of
its General Counsel.

	e.	 	This Addendum is intended to satisfy the requirements of Section 409A of the Code with
respect to amounts subject thereto, and shall be interpreted and construed consistent with
such intent; provided that, notwithstanding the other provisions of this Addendum, with
respect to any right to a payment or benefit hereunder (or portion thereof) that does not
otherwise provide for a “deferral of compensation” within the meaning of Section 409A of the
Code, it is the intent of the parties that such payment or benefit will not so provide.
Furthermore, if either party notifies the other in writing that, based on the advice of legal
counsel, one or more of the provisions of this Addendum contravenes any regulations or
Treasury guidance promulgated under Section 409A of the Code or causes any amounts to be
subject to interest or penalties under Section 409A of the Code, the parties shall promptly
and reasonably consult with each other (and with their legal counsel), and shall use their
reasonable best efforts, to reform the provisions hereof to (a) maintain to the maximum extent
practicable the original intent of the applicable provisions without violating the provisions
of Section 409A of the Code or increasing the costs to the Company of providing the applicable
benefit or payment and (b) to the extent practicable, to avoid the imposition of any tax,
interest or other penalties under Section 409A of the Code upon Executive or the Company.”

	F.	 	MISCELLANEOUS PROVISIONS.

	 	i.	 	Integration. This Addendum represents the entire agreement and
understanding between the parties as to the subject matter herein and supersede all
prior or contemporaneous agreements and provisions in other agreements related to
severance benefits, whether written or oral. With respect to any conflict between
this Addendum and any stock option agreement, stock issuance agreement or other stock
award agreement, this Addendum shall prevail. With respect to any conflict between
this Addendum and the Employment Agreement or any other employment related agreement,
this Addendum shall prevail. For the avoidance of doubt, with respect to any
severance benefits provided for under your Employment Agreement, this Addendum shall
supersede the provisions of your Employment Agreement with respect to severance
benefits provided thereunder.

	 	ii.	 	Choice of Law. The validity, interpretation, construction and
performance of this Addendum shall be governed by the internal substantive laws, but
not the conflicts of law rules, of the State of Texas.

	 	iii.	 	Employment Taxes. All payments made pursuant to this Addendum
shall be subject to withholding of applicable income and employment taxes.

	 	iv.	 	Non-Publication. The parties mutually agree not to disclose the
terms of this Addendum except to the extent that disclosure is mandated by applicable
law, standard or required corporate reporting, or disclosure is made to the parties’
respective advisors and agents (e.g., attorneys, accountants) or immediate family
members.

IN WITNESS WHEREOF, each of the parties has executed this Addendum, in the case of Borland by its
duly authorized officer, as of the day and year first above written.

	 	 	 
	Borland software corporation:	 	Executive:	
	/s/ John Olsen	 	/s/ Erik E. Prusch
	(Signature)	 	(Signature)
	By: John Olsen

	 	By: Erik E. Prusch
	 

	 	 
	Title: Chairman of the Board

	 	Title: Acting President & Chief Executive Officer
	 

	 	 

2

Appendix A

The following definitions shall be in effect under the severance benefits letter:

	a.	 	Base Salary. “Base Salary” means your annual base salary as in effect during the
last regularly scheduled payroll period immediately preceding the effective date of your
termination due to an Involuntary Termination.

	b.	 	Board. “Board” means the Board of Directors of Borland.

	c.	 	Change in Control. “Change in Control” means a change in ownership or control of the
Company effected through any of the following transactions:

	 	i.	 	there is consummated a merger, consolidation or other reorganization,
unless securities representing more than fifty percent (50%) of the total
combined voting power of the voting securities of the successor corporation are
immediately thereafter beneficially owned, directly or indirectly and in
substantially the same proportion, by the persons who beneficially owned the
Corporation’s outstanding voting securities immediately prior to such transaction, or

	 	ii.	 	the sale, transfer or other disposition of all or substantially all of the
Corporation’s assets in complete liquidation or dissolution of the Corporation other
than a sale or disposition by the Corporation of all or substantially all of the
Corporation’s assets to an entity, at least fifty percent (50%) of the combined
voting power of the voting securities of which are owned by stockholders of the
Corporation in substantially the same proportions as their ownership of the
Corporation immediately prior to such sale, or

	 	iii.	 	the acquisition, directly or indirectly, by any person or related group of
persons (other than the Corporation or a person that directly or indirectly controls,
is controlled by, or is under common control with, the Corporation) of beneficial
ownership (within the meaning of Rule 13d-3 of the 1934 Act) of securities possessing
more than thirty percent (30%) of the total combined voting power of the
Corporation’s outstanding securities pursuant to a tender or exchange offer made
directly to the Corporation’s stockholders.

	d.	 	Notwithstanding the foregoing, a “Change in Control” shall not be deemed to have
occurred by virtue of the consummation of any transaction or series of integrated
transactions immediately following which the record holders of the Common Stock
immediately prior to such transaction or series of transactions continue to have
substantially the same proportionate ownership in an entity which owns all or
substantially all of the assets of the Corporation immediately following such
transaction or series of transactions.	 

	e.	 	Change in Control Period. “Change in Control Period” means the period beginning
either (i) two (2) months prior to the effective date of a Change in Control and ending twelve
(12) months after the effective date of a Change in Control or (ii) two (2) months prior to
the effective date of a Hostile Takeover and ending twelve (12) months after the effective
date of a Hostile Takeover.

	f.	 	COBRA. “COBRA” means the Consolidated Omnibus Budget Reconciliation Act of 1985, as
amended.

	g.	 	Code. “Code” means the Internal Revenue Code of 1986, as amended.

	h.	 	Constructively Terminated. “Constructively Terminated” means your voluntary
resignation following (A) a change in your position with the Company (or any Parent or
Subsidiary employing you) which materially reduces your duties and responsibilities (other
than your resignation from the position of Chief Financial Officer, as referenced in the
Employment Agreement) and/or the change in your title such that you are no longer the Acting
President & Chief Executive Officer or the President & Chief Executive Officer, (B) a
reduction in your level of compensation (including base salary, fringe benefits and target
bonus under any corporate performance based bonus or incentive programs) or (C) a relocation
of your place of employment by more than fifty (50) miles, provided and only if such change,
reduction or relocation is effected by the Corporation without your consent. You shall not be
deemed to be Constructively Terminated unless you give written notice to the Company that any
of the foregoing events has occurred within 90 days of the first occurrence and the Company
has had 30 days after such notice to cure such occurrence, if possible.

	i.	 	Hostile Take-Over. “Hostile Take-Over” shall be deemed to occur in the event of a
change in ownership or control of the Company effected through either of the following
transactions:

	 	i.	 	a change in the composition of the Board such that the following
individuals cease for any reason to constitute a majority of the Board then serving:
individuals who, on the date hereof, constitute the members of the Board and any new
Board member (other than a Board member whose initial assumption of office is in
connection with an actual or threatened election contest, including (but not limited
to) a consent solicitation, relating to the election of Board members) whose
appointment or election by the Board or nomination for election by the Corporation’s
stockholders was approved or recommended by a vote of at least two-thirds (2/3) of
the Board members then still in office who either were Board members on the date
hereof or whose appointment, election or nomination for election was previously so
approved or recommended, or

	 	ii.	 	the acquisition, directly or indirectly, by any person or related group of
persons (other than Borland or a person that directly or indirectly controls, is
controlled by, or is under common control with, Borland) of beneficial ownership
(within the meaning of Rule 13d-3 of the 1934 Act) of securities possessing more than
thirty percent (30%) of the total combined voting power of the Borland’s outstanding
securities pursuant to a tender or exchange offer made directly to the Borland’s
stockholders which the Board does not recommend such stockholders to accept.

	j.	 	Involuntary Termination. “Involuntary Termination” means any termination of you by
Borland which is not effected for Misconduct; (ii) any purported termination of you by Borland
which is effected for Misconduct but for which the grounds relied upon are not valid; (iii)
any voluntary termination by you as a result of your being Constructively Terminated; or
(iv) the failure of Borland to obtain the assumption of this Addendum by any successors
contemplated in Section 4 of the Addendum.

	k.	 	Misconduct. “Misconduct” means (i) your willful and continued failure to perform the
duties and responsibilities of your position that is not corrected within a thirty (30) day
correction period that begins upon delivery to you of a written demand for performance from
Borland that describes the basis for Borland’s belief that you have not substantially
performed your duties; (ii) any act of personal dishonesty taken by you in connection with
your responsibilities as an employee of Borland with the intention that such may result in
substantial personal enrichment for you; (iii) your conviction of, or plea of nolo contendre
to, a felony that Borland reasonably believes has had or will have a material detrimental
effect on Borland’s reputation or business, or (iv) your materially breaching your Employee
Confidentiality and Assignment of Inventions Agreement, which breach is (if capable of cure)
not cured within thirty (30) days after Borland delivers written notice to you of the breach.

	l.	 	Section 409A. “Section 409A” shall mean Section 409A of the Code.

	m.	 	Termination Date. “Termination Date” shall mean the effective date of any notice of
termination delivered by one party to the other hereunder.

	n.	 	Termination. “termination” means “termination of employment” as defined in Treas.
Reg. Section 1.409A-1(h)(1)(ii).

3

Appendix B

Release of Claims 

I understand that my employment with Borland Software Corporation (“Borland”)
terminated effective       ,        (the “Separation Date”). Borland has
agreed that if I choose to sign this Release of Claims (“Release”), Borland will pay me
certain severance benefits (minus standard withholdings and deductions) pursuant to the terms of
the Employment Employment Agreement Addendum for Severance Benefits letter between myself and
Borland, dated     , 2009 (the “Agreement”). I understand that I am not entitled to
such benefits unless I sign this Release and it becomes fully effective. I understand that,
regardless of whether I sign this Release, Borland will pay me all of my accrued salary and
vacation through the Separation Date, to which I am entitled by law.

In consideration for the severance benefits I am receiving under the Agreement, as described
therein, I hereby generally and completely release Borland, its directors, officers, employees,
stockholders, partners, agents, attorneys, predecessors, successors, parent and subsidiary
entities, insurers, affiliates, and assigns from any and all claims, liabilities and obligations,
both known and unknown, that arise out of or are in any way related to events, acts, conduct, or
omissions occurring prior to my signing this Agreement. This general release includes, but is not
limited to: (1) all claims arising out of or in any way related to my employment with Borland or
the termination of that employment or the services I provided to Borland; (2) all claims related to
my compensation or benefits from Borland, including salary, bonuses, commissions, vacation pay,
expense reimbursements, severance pay, fringe benefits, stock options, restricted stock awards,
other equity compensation or any other ownership interests in Borland; (3) all claims for breach of
contract, wrongful termination, and breach of the implied covenant of good faith and fair dealing;
(4) all tort claims, including claims for fraud, defamation, emotional distress, and discharge in
violation of public policy; and (5) all federal, state, and local statutory claims, including
claims for discrimination, harassment, retaliation, attorneys’ fees, or other claims arising under
the federal Civil Rights Act of 1964 (as amended), the federal Americans with Disabilities Act of
1990, the federal Age Discrimination in Employment Act of 1967 (as amended) (“ADEA”).
Notwithstanding anything contained in this Release, nothing herein shall release the parties’
rights under this Release and my right (if any) to indemnification granted by any act or agreement
of Borland, state or federal law or policy of insurance or any claims for severance benefits under
the Agreement.

I understand this Release will not be effective until the ADEA Effective Date, defined below.
I acknowledge that I am knowingly and voluntarily waiving and releasing any rights I may have under
the ADEA. I also acknowledge that the consideration given for the waiver in the above paragraph is
in addition to anything of value to which I was already entitled. I have been advised by this
writing, as required by the ADEA that: (a) my waiver and release does not apply to any claims that
may arise after my signing of this Release; (b) I should consult with an attorney prior to signing
this Release; (c) I have twenty-one (21) days within which to consider this Release (although I may
choose to voluntarily sign this Release earlier); (d) I have seven (7) days after I sign this
Release to revoke it; and (e) this Release will not be effective until the eighth day after this
Release has been signed by me (the “ADEA Effective Date”).

I accept and agree to the terms and conditions stated above:

Date Erik E. Prusch

4EX-10.89

February 6, 2009

Gregory J. Wrenn

Mountain View, CA

Dear Greg:

As we have discussed, your employment will be terminating. This letter agreement will set
forth the terms and conditions of the separation agreement that Borland Software Corporation (the
“Company” or “Borland”) is offering to you to aid in your employment transition.

1. Separation. Your last day of work with the Company and your employment termination date
will be February 20, 2009 (the “Separation Date”). From now until the Separation Date, you will
remain employed during a transition period in order to assist the Company with the orderly
transition of your work responsibilities and projects. During this time, you will continue to
receive your regular compensation and will be required to continue to abide by the Company’s
regular policies and procedures, act professionally, and work diligently and on a full-time basis.
If the Company determines you have failed to meet these obligations, all of the Company’s remaining
obligations hereunder, including the obligation to pay any portion of the Severance Benefits, will
cease and the Company will have the option of terminating your employment immediately.

a. If you resign, or if the Company terminates your employment for Cause (as defined below),
before the Separation Date, you will not be eligible for any portion of the Severance Benefits (as
defined herein).

b. For purposes of this agreement, “Cause” shall mean termination of your employment with
Borland for any of the following reasons: (i) theft, embezzlement, misconduct, misappropriation of
funds or property, or fraud against or with respect to the business of Borland; (ii) breach by you
of any material term of any agreement between you and Borland; (iii) your conviction of any crime
that impairs your performance of duties for Borland; (iv) as a result of your reckless or willful
misconduct, you commit any act that causes material injury to the financial condition or business
reputation of Borland, or you knowingly fail to take reasonable and appropriate actions to prevent
the same; or (v) after written notice to you, and a reasonable opportunity to correct, you fail to
satisfactorily perform your job duties, or otherwise fail to perform any of your assigned duties
for Borland.

2. Severance. If you timely enter into this Agreement and, on or timely after the Separation
Date, you sign, date and return to the Company the Separation Date Release attached hereto as
Exhibit A, then the Company will provide you with the payments and benefits set forth below as your
sole severance benefits (the “Severance Benefits”):

a. Lump Sum Severance Payment. The Company will pay you, as severance, $140,000.00 which is
equivalent to six (6) months of your base salary in effect as of the Separation Date, subject to
standard payroll deductions and withholdings, payable in one lump sum within ten (10) days
following the date you sign and return the Separation Date Release to the Company, provided that it
is timely returned to the Company.

b. Health Insurance. You will continue to receive health insurance benefits under the
Company’s group plans, as currently enrolled, through the last day of the month in which you
terminate. To the extent provided by the federal COBRA law or, if applicable, state insurance
laws, and by the Company’s current group health insurance policies (collectively, “COBRA”), you
will be eligible to continue your group health insurance benefits at your own expense following the
Separation Date. Later, you may be able to convert to an individual policy through the provider of
the Company’s health insurance, if you wish. You will be provided with a separate notice
describing your rights and obligations under COBRA on or after the Separation Date. The Company,
as part of this Agreement and an additional severance benefit, will make COBRA payments on your
behalf directly to the COBRA provider until the earliest to occur of: (i) the date you are no
longer eligible to receive continuation coverage pursuant to COBRA, (ii) twelve (12) months from
the Separation Date or (iii) the date on which you obtain health comparable health coverage.  You
agree to notify Borland promptly after you obtain alternative health coverage. T

3. Accrued Salary And Paid Time Off. The Company will pay you all accrued but unused vacation
earned through the Separation Date, subject to standard payroll deductions and withholdings

4. Stock Options. Under the terms of your stock option and stock grant agreements and the
applicable plan documents, vesting of your stock options and grants will cease as of the Separation
Date. Your right to exercise any vested shares, and all other rights and obligations with respect
to your stock options and grants, will be as set forth in your stock option and grant agreements,
grant notices and applicable plan documents.

5. Other Compensation or Benefits. You acknowledge that, except as expressly provided in this
Agreement, you will not earn or receive any compensation, including without limitation salary,
bonus, commissions, or severance, or any benefits before or after the Separation Date, with the
exception of any vested right you may have under the express terms of a written ERISA-qualified
benefit plan (e.g., 401(k) account) or any vested option shares.

6. Expense Reimbursements. You agree that, within ten (10) days after the Separation Date, you
will submit your final documented expense reimbursement statement reflecting all business expenses
you incurred through the Separation Date, if any, for which you seek reimbursement. The Company
will process your request for these expenses pursuant to its regular business practice.

7. Return of Company Property. On the Separation Date, or earlier if requested by the
Company, you agree to return to the Company all Company documents (and all copies thereof) and
other Company property that you have in your possession or control, including, but not limited to,
Company products, samples, engineering materials, demo equipment, files, notes, drawings, records,
business plans and forecasts, financial information, specifications, computer-recorded information,
tangible property (including, but not limited to, computers and cellular phone), credit cards,
entry cards, identification badges and keys; and, any materials of any kind that contain or embody
any proprietary or confidential information of the Company (and all reproductions thereof). You
agree that you will make a diligent search to locate any such documents, property and information
on the Separation Date. In addition, if you have used any personally owned computer, server, or
e-mail system to receive, store, review, prepare or transmit any Company confidential or
proprietary data, materials or information, then on the Separation Date, you shall provide the
Company with a computer-useable copy of such information and then permanently delete and expunge
such Company confidential or proprietary information from those systems; and you agree to provide
the Company access to your system as requested to verify that the necessary copying and/or deletion
is done. Your timely compliance with this paragraph is a condition precedent to your receipt of
the Severance Benefits.

8. Proprietary Information and Non-Solicitation Obligations. You acknowledge, reaffirm, and
agree to abide by your continuing obligations under your Employee Confidentiality and Assignment of
Inventions Agreement (“Employee Confidentiality Agreement”), including the confidentiality and
non-solicitation provisions provided therein, a copy of which is attached hereto as Exhibit B and
incorporate herein by reference.

9. Confidentiality. You will hold the provisions of this Agreement in strictest confidence
and you will not publicize or disclose the terms of this Agreement or its existence in any manner
whatsoever; provided, however, that: (a) you may disclose this Agreement in confidence to your
immediate family; (b) the parties may disclose this Agreement in confidence to their respective
attorneys, accountants, auditors, tax preparer, and financial advisors; (c) the Company may
disclose this Agreement as necessary to fulfill standard or legally required corporate reporting or
disclosure requirements; and (d) the parties may disclose this Agreement insofar as such disclosure
may be necessary to enforce its terms or as otherwise required by law. In particular, and without
limitation, you agree not to disclose the terms of this Agreement to any current or former Company
employee.

10. Nondisparagement. You agree not to disparage the Company, its officers, directors,
employees, shareholders, and agents, in any manner likely to be harmful to its or their business,
business reputation, or personal reputation; provided that you will respond accurately and fully to
any question, inquiry or request for information when required by legal process.

11. No Admissions. This Agreement is entered into to avoid unnecessary disputes and effect a
professional separation. Neither party admits to any wrongdoing by entering into this Agreement.

12. No Voluntary Adverse Action; Cooperation. You agree that you will not voluntarily assist
any person in preparing, bringing, or pursuing any litigation, arbitration, administrative claim or
other formal proceeding against the Company, its parents, subsidiaries, affiliates, distributors,
officers, directors, employees or agents, unless pursuant to subpoena or other compulsion of law.
Further, you agree that you will notify Greg Wrenn, the Company’s General Counsel, if you are asked
to so assist any person or are subject to subpoena or other compulsion of law in connection with
any litigation, arbitration, administrative claim or other formal proceeding against the Company,
its parents, subsidiaries, distributors, officers, directors, employees or agents. Further, you
agree to voluntarily cooperate with the Company if you have knowledge of facts relevant to any
threatened or pending claims or litigation against the Company by making yourself reasonably
available without further compensation for interviews with the Company’s counsel, for preparing for
and providing deposition testimony, and for preparing for and providing trial testimony.

13. Release of Claims. In exchange for the consideration under this Agreement to which you
would not otherwise be entitled, you hereby generally and completely release the Company and its
directors, officers, employees, shareholders, partners, agents, attorneys, predecessors,
successors, parent and subsidiary entities, insurers, affiliates, and assigns from any and all
claims, liabilities and obligations, both known and unknown, that arise out of or are in any way
related to events, acts, conduct, or omissions occurring at any time prior to and including the
date you sign this Agreement. This general release includes, but is not limited to: (a) all claims
arising out of or in any way related to your employment with the Company or the termination of that
employment; (b) all claims related to your compensation or benefits from the Company, including
salary, bonuses, commissions, vacation pay, expense reimbursements, severance pay, fringe benefits,
stock, stock options, or any other ownership interests in the Company; (c) all claims for breach of
contract, wrongful termination, and breach of the implied covenant of good faith and fair dealing;
(d) all tort claims, including claims for fraud, defamation, emotional distress, and discharge in
violation of public policy; and (e) all federal, state, and local statutory claims, including
claims for discrimination, harassment, retaliation, attorneys’ fees, or other claims arising under
the federal Civil Rights Act of 1964 (as amended), the federal Americans with Disabilities Act of
1990, the California Labor Code (as amended), the California Fair Employment and Housing Act (as
amended) and any other federal, state or local statute or regulation. Notwithstanding the
foregoing, you are not hereby releasing the Company from any obligation it may otherwise have to
indemnify you for your acts within the course and scope of your employment with the Company,
pursuant to the articles and bylaws of the Company, any fully executed written agreement with the
Company, or applicable law. Further, notwithstanding the foregoing, nothing in this Agreement
shall prevent you from filing, cooperating with, or participating in any proceeding before the
Equal Employment Opportunity Commission, the Department of Labor, the California Department of Fair
Employment and Housing or any other state anti-discrimination agency, except that you acknowledge
and agree that you shall not recover any monetary benefits in connection with any such claim,
charge or proceeding with regard to any claim released herein. You represent that you have no
lawsuits, claims or actions pending in your name, or on behalf of any other person or entity,
against the Company or any other person or entity subject to the release granted in this paragraph.

14. Section 1542 Waiver. In granting the release herein, which includes claims which may be
unknown to you at present, you acknowledge that you have read and understand Section 1542 of the
California Civil Code: “A general release does not extend to claims which the creditor does not
know or suspect to exist in his or her favor at the time of executing the release, which if known
by him or her must have materially affected his or her settlement with the debtor.” You hereby
expressly waive and relinquish all rights and benefits under that section and any law or legal
principle of similar effect in any jurisdiction with respect to the releases granted herein,
including but not limited to the release of unknown and unsuspected claims granted in this
Agreement.

15. Dispute Resolution. To ensure rapid and economical resolution of any disputes regarding
this Agreement, the parties hereby agree that any and all claims, disputes or controversies of any
nature whatsoever arising out of, or relating to, this Agreement, or its interpretation,
enforcement, breach, performance or execution, your employment with the Company, or the termination
of such employment, shall be resolved, to the fullest extent permitted by law, by final, binding
and confidential arbitration in San Jose, CA conducted before a single arbitrator by JAMS, Inc.
(“JAMS”) or its successor, under the then applicable JAMS arbitration rules. The parties each
acknowledge that by agreeing to this arbitration procedure, they waive the right to resolve any
such dispute, claim or demand through a trial by jury or judge or by administrative proceeding.
You will have the right to be represented by legal counsel at any arbitration proceeding. The
arbitrator shall: (i) have the authority to compel adequate discovery for the resolution of the
dispute and to award such relief as would otherwise be available under applicable law in a court
proceeding; and (ii) issue a written statement signed by the arbitrator regarding the disposition
of each claim and the relief, if any, awarded as to each claim, the reasons for the award, and the
arbitrator’s essential findings and conclusions on which the award is based. The arbitrator, and
not a court, shall also be authorized to determine whether the provisions of this paragraph apply
to a dispute, controversy, or claim sought to be resolved in accordance with these arbitration
procedures. Nothing in this Agreement is intended to prevent either you or the Company from
obtaining injunctive relief in court to prevent irreparable harm pending the conclusion of any
arbitration.

16. Miscellaneous. This Agreement, including Exhibit A and Exhibit B, constitutes the
complete, final and exclusive embodiment of the entire agreement between you and the Company with
regard to its subject matter. It is entered into without reliance on any promise or
representation, written or oral, other than those expressly contained herein, and it supersedes any
other such promises, warranties or representations. This Agreement may not be modified or amended
except in a writing signed by both you and a duly authorized officer of the Company. This
Agreement will bind the heirs, personal representatives, successors and assigns of both you and the
Company, and inure to the benefit of both you and the Company, their heirs, successors and assigns.
If any provision of this Agreement is determined to be invalid or unenforceable, in whole or in
part, this determination will not affect any other provision of this Agreement and the provision in
question will be modified so as to be rendered enforceable. This Agreement will be deemed to have
been entered into and will be construed and enforced in accordance with the laws of the State of
Texas as applied to contracts made and to be performed entirely within Texas. Any ambiguity in
this Agreement shall not be construed against either party as the drafter. Any waiver of a breach
of this Agreement shall be in writing and shall not be deemed to be a waiver of any successive
breach. This Agreement may be executed in counterparts and facsimile signatures will suffice as
original signatures.

If this Agreement is acceptable to you, please sign below and return the original to me on
or before fourteen (14) calendar days from the date you receive this Agreement. The offer
contained in this Agreement will automatically expire if we do not receive the fully executed
Agreement from you by the aforementioned date. Do not sign the Release attached as Exhibit A until
on or within twenty-one (21) days after the Separation Date.

Please contact me if you have any questions about this Agreement or the matters discussed
herein.

Sincerely,

Borland Software Corporation

By: /s/ Tom Triolo

Tom Triolo, VP Human Resources

Acknowledged and agreed to on this 20th day of February, 2009:

/s/ Gregory J. Wrenn

Gregory J. Wrenn

1

Exhibit A

SEPARATION DATE RELEASE

In exchange for the Severance Package to be provided to me by Borland Software Corporation
(the “Company”) pursuant to the separation agreement between me and the Company dated February 6,
2009 (the “Agreement”), I, Gregory J. Wrenn, hereby provide the following Separation Date Release
(the “Release”).

I hereby generally and completely release the Company, its parent, and its and their
directors, officers, employees, shareholders, partners, agents, attorneys, predecessors,
successors, parent and subsidiary entities, insurers, affiliates, and assigns from any and all
claims, liabilities and obligations, both known and unknown, arising out of or in any way related
to events, acts, conduct, or omissions occurring at any time prior to or on the date that I sign
this Release. This general release includes, but is not limited to: (1) all claims arising out of
or in any way related to my employment with the Company or the termination of that employment; (2)
all claims related to my compensation or benefits from the Company, including salary, bonuses,
commissions, vacation pay, expense reimbursements, severance pay, fringe benefits, stock, stock
options, or any other ownership or equity interests in the Company; (3) all claims for breach of
contract, wrongful termination, and breach of the implied covenant of good faith and fair dealing;
(4) all tort claims, including claims for fraud, defamation, emotional distress, and discharge in
violation of public policy; and (5) all federal, state, and local statutory claims, including
claims for discrimination, harassment, retaliation, attorneys’ fees, or other claims arising under
the federal Civil Rights Act of 1964 (as amended), the federal Americans with Disabilities Act of
1990, the California Labor Code (as amended), and the California Fair Employment and Housing Act
(as amended). Notwithstanding the foregoing, I am not releasing the Company hereby from any
obligation to indemnify me for my acts within the course and scope of my employment with the
Company, pursuant to the articles and bylaws of the Company, any fully executed written agreement
with the Company, or applicable law. Further, notwithstanding the foregoing, nothing in this
Release shall prevent me from filing, cooperating with, or participating in any proceeding before
the Equal Employment Opportunity Commission, the Department of Labor, the California Department of
Fair Employment and Housing or any other state anti-discrimination agency, except that I
acknowledge and agree that I shall not recover any monetary benefits in connection with any such
claim, charge or proceeding with regard to any claim released herein. I represent that I have no
lawsuits, claims or actions pending in my name, or on behalf of any other person or entity,
against the Company or any other person or entity subject to the release granted in this
paragraph.

I acknowledge that I am knowingly and voluntarily waiving and releasing any rights I may
have under the ADEA, and that the consideration given for the waiver and release in the preceding
paragraph is in addition to anything of value to which I am already entitled. I further
acknowledge that I have been advised by this writing that: (1) my waiver and release do not apply
to any rights or claims that may arise after the date I sign this Release; (2) I should consult
with an attorney prior to signing this Release (although I may choose voluntarily not to do so);
(3) I have twenty-one (21) days from the Separation Date to consider this Release (although I may
choose voluntarily to sign it earlier); (4) I have seven (7) days following the date I sign this
Release to revoke it by providing written notice of revocation to the Vice President of Human
Resources; and (5) this Release will not be effective until the date upon which the revocation
period has expired, which will be the eighth calendar day after the date I sign it, provided that
I do not revoke it (the “Effective Date of the Retirement Date Release”).

I UNDERSTAND THAT THIS AGREEMENT INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS. I
acknowledge that I have read and understand Section 1542 of the California Civil Code which reads
as follows: “A general release does not extend to claims which the creditor does not know or
suspect to exist in his or her favor at the time of executing the release, which if known by him
or her must have materially affected his or her settlement with the debtor.” I hereby expressly
waive and relinquish all rights and benefits under that section and any law or legal principle of
similar effect in any jurisdiction with respect to my release of claims herein, including but not
limited to the release of unknown and unsuspected claims.

I hereby acknowledge that, on the Separation Date, the Company provided me with the ADEA
Disclosure information required under Title 29 U.S. Code Section 626(f)(1)(H). Furthermore, I
hereby represent that I have been paid all compensation owed and for all hours worked, I have
received all the leave and leave benefits and protections for which I am eligible, pursuant to the
federal Family and Medical Leave Act, the California Family Rights Act, or otherwise, and I have
not suffered any on-the-job injury for which I have not already filed a workers’ compensation
claim.

By: /s/ Gregory J. Wrenn

Gregory J. Wrenn

Dated: February 20, 2009

2

EXHIBIT B

Employee Confidentiality Agreement

3

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