Document:

exv10w1

Exhibit 10.1

SEVERANCE AGREEMENT

          This Severance Agreement (this “Agreement”) is entered into effective this 26th day
of May, 2009 (the “Effective Date”), by and between Delta Petroleum Corporation (“Delta” or “the
Company”) and Roger A. Parker (“Parker”). As used herein, “Parties” means, collectively, Delta and
Parker, and “Party” means either Delta or Parker.

RECITALS

     WHEREAS, Delta and Parker are parties to that certain Employment Agreement dated May 5, 2005
(the “Employment Agreement”), that certain Change-In-Control Executive

     Severance Agreement dated April 30, 2007 (the “Change-In-Control Agreement”) and various stock
option agreements, stock rights and other stock arrangements (the “Stock Agreements”); and

     WHEREAS, Delta and Parker agree that as of the close of business on the Effective Date, Parker
has resigned from his positions as director, officer and employee of Delta and any of its
subsidiaries, including his positions of Chairman and CEO; and

     WHEREAS, in consideration for Parker’s resignation, Parker is (a) relinquishing all his rights
in, to and under the Employment Agreement, the Change-In-Control Agreement, the Stock Agreements,
all bonuses relating to past and pending transactions benefiting Delta (except as expressly
provided below) and any other interests he might claim arising from his efforts as Chairman and/or
CEO, and (b) agreeing to stay on as a consultant on the terms described herein to facilitate an
orderly transition and to assist in certain pending transactions and Delta desires to provide the
payments and other consideration specified herein.

     NOW, THEREFORE, in consideration of the provisions herein, and other good and valuable
consideration the receipt and sufficiency of which is hereby acknowledged by Delta and Parker, the
Parties agree as follows:

1. Resignation. Effective as of the close of business on the Effective Date, Parker hereby
resigns, and Delta accepts such resignation, from all his positions as director, officer and
employee of Delta and any of its subsidiaries, including his positions of Chairman and CEO.

2. Consideration. Subject to Section 2(b), Delta agrees to pay Parker $4,700,000 in cash
(the “Cash Consideration”), issue to Parker 1,000,000 shares of Delta common stock (the “Shares”)
and pay Parker the aggregate of any accrued unpaid salary, vacation days and reimbursement of his
reasonable business expenses incurred through the Effective Date (the “Accrued Amounts”).

     (a) Effective Date Consideration. On the ADEA Effective Date (as defined below),
Delta shall pay to Parker $1,811,892 of the Cash Consideration plus the Accrued Amounts by wire
transfer in immediately available funds.

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     (b) Rabbi Trust Consideration. On the ADEA Effective Date, Delta shall deposit (1) the
Shares and (2) $2,888,108 of the Cash Consideration (the “Trust Cash”) into a grantor trust (the
“Rabbi Trust”) established for the purpose of the payment of benefits to Parker under this
Agreement, in satisfaction of the amounts payable under the Change-In-Control Agreement (which the
Parties agree is $4,588,108), to which Parker otherwise would have been entitled upon a separation
from service but for the provisions of Section 409A of the Internal Revenue Code of 1986, as
amended (the “Code”), and its related guidance (“Section 409A”). The trust agreement shall be
substantially similar to the model trust agreement provided by the Internal Revenue Service in
Revenue Procedure 92-64, modified as necessary for Section 409A, and shall be reasonably acceptable
to Parker and Delta. Delta shall select the trustee for the Rabbi Trust, which trustee must be
reasonably acceptable to Parker, and Delta shall pay all fees associated with the Rabbi Trust. The
Parties acknowledge and agree that any interest accrued on the Trust Cash shall be deemed the
property of Delta and paid by the trustee to Delta. The Shares and the Trust Cash shall be
distributed to Parker on November 27, 2009, or the first business day on or following the date that
is six months after Parker’s separation from service as determined in accordance with Section 409A,
if later (the “Trust Distribution Date”). Delta’s obligations to pay benefits under this Agreement
shall continue to constitute an unfunded, unsecured promise to pay until the Trust Distribution
Date. Rabbi Trust assets shall be subject to the claims of Delta creditors under federal and state
law in the event of Delta’s insolvency. Rabbi Trust assets shall not, at any time, be located
outside of the United States or be transferred outside of the United States.

     (c) Resale Registration. Delta, at its sole cost and expense, shall prepare and file
a registration statement on Form S-3, or another appropriate form permitting registration of the
Shares for resale by Parker reasonably acceptable to Parker (the “Registration Statement”)
providing for the resale of the Shares in accordance with Rule 415 of the Securities Act from time
to time by Parker within 30 days after the Effective Date. Delta shall use its reasonable best
efforts to cause the Registration Statement to become effective on or before the Trust Distribution
Date, and to keep the Registration Statement continuously effective until the end of the
Effectiveness Period (as defined below). If the Registration Statement covering resale of the
Shares ceases to be effective for any reason at any time during the Effectiveness Period (other
than because all securities registered thereunder shall have been resold pursuant thereto), Delta
shall use its reasonable best efforts to obtain the prompt withdrawal of any order suspending the
effectiveness thereof. For purposes of this Section 2, the “Effectiveness Period” means the
earlier of (i) the one year anniversary of the Trust Distribution Date, or (ii) the date on which
all Shares held by Parker may be sold without restrictions under Rule 144 promulgated under the
Securities Act of 1933, as amended (the “Securities Act”).

3. Benefits. Delta shall provide or arrange to provide to Parker as provided below any
medical, prescription, dental, disability, group life and accidental death insurance provided or
arranged by Delta or any of its subsidiaries (the “Welfare Benefits”), at Delta’s sole expense and
for a period of 36 months from the Effective Date (the “Benefit Continuation Period”), Welfare
Benefits that are substantially the same as the Welfare Benefits provided to Parker (and his
spouse, dependents and beneficiaries) immediately before the Effective Date, except that the
Welfare Benefits to which Parker is entitled under this Section 3 will be reduced to the extent
that comparable welfare benefits are received by Parker from an employer other than Delta or its
subsidiary during the Benefit Continuation Period. Health insurance premiums and any non-

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taxable benefit shall be paid on Parker’s behalf as of the first day of each month during the
Benefit Continuation Period, and in no event shall any such payment be made later than 30 days
after the first day of the month; provided that Parker makes a timely election to receive such
benefits under the Consolidated Omnibus Budget Reconciliation Act of 1986, as amended (“COBRA”) to
the extent applicable; provided further that payments made after December 31, 2009 shall be taxable
to the extent necessary to avoid the creation of a nondiscriminatory benefit under Section 105(h)
of the Code. For any other Welfare Benefits, in lieu of paying for such Welfare Benefits during
the Benefit Continuation Period and to the extent payment would be taxable, on the ADEA Effective
Date, Delta shall deposit into the Rabbi Trust an amount equal to 36 times the excess of (i) the
monthly premium payable immediately prior to the Effective Date for such Welfare Benefits
substantially similar to those which Parker (and Parker’s dependents) were receiving at such time,
over (ii) the aggregate monthly premiums(s) charged to Parker for such coverage at such time, which
amounts shall be paid to Parker on the Trust Distribution Date. Payments or reimbursements for
Welfare Benefits in any taxable year shall not affect those payable in any other taxable year. The
fact that the cost of the participation by Parker, or Parker’s spouse, dependents or beneficiaries,
in any plan for Welfare Benefits (a “Welfare Benefit Plan”) was paid indirectly by Delta, as a
reimbursement or a credit to Parker, before the Effective Date does not mean that the corresponding
Welfare Benefits were not “provided to Parker” by Delta for the purpose of this Section 3.

4. Consulting Services.

     (a) Parker agrees to make himself reasonably available for consultation to Delta’s Board of
Directors for a period of six months from the Effective Date (the “Consulting Service Term”). The
actual dates and time of availability shall be as the Parties mutually agree in good faith. In no
event shall Parker provide services exceeding 20% of the average level of bona fide services
performed by Parker over the immediately preceding 36-month period. It is the intent of both
Parker and Delta that Parker’s employment with Delta and its subsidiaries shall terminate as of the
Effective Date, and that the consulting services shall not constitute a continuation of his
employment. Parker shall be reimbursed by Delta for all his out of pocket expenses incurred in
connection with performance of the consulting services. In addition, during the Consulting Service
Term, Delta shall continue to pay Parker $1,600 per month for purposes of his car lease.

     (b) Parker shall be an independent contractor, not an employee or agent of Delta or any of its
subsidiaries or affiliates. Other than as expressly provided in this Agreement, neither Delta or
any of its affiliates shall be required to furnish Parker with any employee benefits for which
officers or employees of such entities are eligible at any time.

     (c) To the extent Parker materially fails to perform his duties under this Section 4 and such
failure continues after written notice detailing such failure and a reasonable time period within
which to cure such failure, Delta may seek a claim for breach of contract against Parker provided
that the maximum amount of damages Delta could recover under such claim shall be capped at
$850,000. It is acknowledged and agreed by the Parties that neither the death nor disability of
Parker shall constitute a failure to perform his duties under this Section 4.

5. Other Business and Activities. From and after the Effective Date, and notwithstanding
the consulting services to be provided hereunder, Parker shall be free to pursue any other

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business and activities in any industry, including the oil, gas and minerals industry, whether or
not competitive with Delta. It is expressly acknowledged and agreed that Parker shall hereafter
have no duty to present any potential transactions to Delta or to disclose any other business
information to which he may be privy. Without limiting the foregoing, and for purposes of
clarification, it is acknowledged and agreed that Sections 9 and 10 of the Change-In-Control
Agreement and 15 and 16 of the Employment Agreement shall be null, void and of no effect.

6. Parker’s Relinquishment of Rights. It is expressly acknowledged and agreed that,
subject to the actual receipt by Parker of the consideration to be delivered pursuant to Sections
2, 3 and 4 above, Parker shall relinquish all rights he may have under Section 3 of the
Change-In-Control Agreement, Sections 1, 2, 3, 4, 5, 6, 7, and 8 of the Employment Agreement, all
rights under the Stock Agreements (provided that Parker shall retain any and all shares of Delta
that are fully vested, and issued and outstanding in his name and the name of any of the members of
his family) and, except as set forth in Section 8(c), any and all rights he may have to any other
salary, bonus or other compensation (including without limitation any compensation based on the
success of any past or pending transactions or litigation, including those certain judgments
obtained against the United States relating to Delta’s interest in off-shore California leases).
In the event there is no actual receipt by Parker of the consideration to be delivered pursuant to
Sections 2, 3 and 4 above, then Parker shall not have relinquished any such rights.

7. Acknowledgement of Continuing Rights and Obligations. It is acknowledged and agreed
that, except as provided in Section 6 above, Parker shall continue to be entitled to his rights
under the Employment Agreement (including without limitation those contained in Sections 9 and 26)
and the Change-In-Control Agreement (including without limitation those contained in Sections 14,
15, 16, 17 and 21). It is further acknowledged and agreed that Parker shall continue to remain
obligated under Sections 10, 11, 12, 14, 17 and 18 of the Employment Agreement, and Sections 5, 6,
8, 11, 12 and 13 of the Change-In-Control Agreement.

8. General Release.

     (a) Parker, for himself, and Delta, for itself, and each Party for its respective affiliates,
successors, heirs, subrogees, assigns, principals, agents, partners, employees, associates,
attorneys and representatives, voluntarily, knowingly and intentionally releases and discharges the
other Party and its respective predecessors, successors, parents, subsidiaries, affiliates and
assigns and each of its respective officers, directors, principals, shareholders, agents,
attorneys, board members, and employees from any and all claims, actions, liabilities, demands,
rights, damages, costs, expenses, and attorneys’ fees (including but not limited to any claim of
entitlement for attorneys’ fees under any contract, statute, or rule of law allowing a prevailing
party or plaintiff to recover attorneys’ fees), of every kind and description from the date Delta
hired Parker through the Effective Date, except as set forth in subparagraphs (b) and (c) below
(the “Released Claims”).

     (b) The Released Claims include but are not limited to those which arise out of, relate to, or
are based upon: (i) Parker’s employment with Delta or the termination thereof; (ii) statements,
acts or omissions by the Parties whether in their individual or representative capacities, (iii)
express or implied agreements between the Parties and claims under any severance plan, except as
provided in this Agreement, (iv) any stock or stock option grant,

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agreement, or plan, except as provided in this Agreement, (v) all federal, state, and
municipal statutes, ordinances, and regulations, including, but not limited to, claims of
discrimination based on race, color, national origin, age, sex, sexual orientation, religion,
disability, veteran status, whistleblower status, public policy, or any other characteristic of
Parker under the Age Discrimination in Employment Act, the Older Workers Benefit Protection Act,
the Americans with Disabilities Act, the Equal Pay Act, Title VII of the Civil Rights Act of 1964
(as amended), the Employee Retirement Income Security Act of 1974, the Rehabilitation Act of 1973,
the Worker Adjustment and Retraining Notification Act, or any other federal, state, or municipal
law prohibiting discrimination or termination for any reason, (vi) state and federal common law,
including but not limited to claims for breach of contract, defamation, or emotional distress, and
(vii) any claim which was or could have been raised; provided, notwithstanding anything to the
contrary in this Agreement, the “Released Claims” shall not include rights under this Agreement,
the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), or any 401(k)
plan. The Parties agree that the Released Claims do not include matters arising out of or in
connection with claims by governmental authorities or self-regulatory organizations involving
actual or potential violations of the securities laws, rules or regulations applicable to Delta.

     (c) The Parties specifically agree that notwithstanding anything herein to the contrary (i)
Parker is retaining all his right, title and interest to the 1% net ORRI in OCS Lease 452 and (ii)
nothing in this Agreement alters, modifies or amends Parker’s rights to indemnification as set out
in Delta’s Certificate of Incorporation or Bylaws or the Delaware General Corporation Law.
Further, it is specifically agreed that nothing in this Agreement is intended to affect Parker’s
rights with respect to royalties, overriding royalty interests, working interests or any similar
oil, gas or mineral interests he owns or hereinafter acquires.

     (d) Parker expressly acknowledges and agrees that he owes Delta a reimbursement amount equal
to $255,000 for personal expenses Delta incurred on his behalf. On the ADEA Effective Date, Parker
shall pay to Delta such $255,000.

9. Representations and Warranties. Each of Parker and Delta (except as to subparagraphs
(c), (e), (f) and (g) below), severally and not jointly, warrants and represents as follows:

     (a) He or it has read this Agreement and agrees to the conditions and obligations set forth in
it.

     (b) He or it voluntarily executes this Agreement (i) after having been advised to consult with
legal counsel, (ii) after having had opportunity to consult with legal counsel and (iii) without
being pressured or influenced by any statement, representation or omission of any person acting on
behalf of the other or any of its officers, directors, employees, agents and attorneys.

     (c) Parker has no knowledge of the existence of any lawsuit, charge or proceeding against
Delta or any of its officers, directors, employees or agents arising out of or otherwise connected
with any of the matters herein released.

     (d) He or it has the individual, corporate, or entity power and authority to execute and
deliver this Agreement and to perform its obligations hereunder and, if such Party is a
corporation, limited liability company or partnership, the execution, delivery, and performance

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of this Agreement has been duly authorized by all necessary corporate, company or partnership
action. This Agreement constitutes the legal, valid, and binding obligation of each Party.

     (e) Parker admits, acknowledges, and agrees that, other than the consideration set forth in
this Agreement, Parker has been fully paid or provided all wages, compensation, salary,
commissions, bonuses, expense reimbursements, stock, stock options, vacation, change in control
benefits, severance benefits, deferred compensation, or other benefits from Delta, which are or
could be due to Parker under the terms of Parker’s employment or otherwise.

     (f) Applicable law provides that Parker shall have at least 21 days to consider this
Agreement. In the event that Parker executes this Agreement prior to the 21st day after receipt of
it, Parker expressly intends such execution as a waiver of any rights Parker has to review the
Agreement for the full 21 days. In such event, Parker represents that such waiver is voluntary and
made without any pressure, representations or incentives from Delta for such early execution.

     (g) Parker understands that this Agreement waives and releases any claims Parker may have
under the Age Discrimination in Employment Act. Parker may revoke this Agreement for 7 calendar
days following its execution, and this Agreement shall not become enforceable and effective against
Parker until 7 calendar days after such execution (the “ADEA Effective Date”). If Parker chooses
to revoke this Agreement, Parker must provide written notice to Delta within 7 calendar days of
Parker’s execution of this Agreement. If Parker does not revoke within the 7-day period, the right
to revoke is lost.

10. Non-Disparagement.

     (a) Parker agrees not to make to any person any statement that disparages the Company or its
directors, officers, employees or affiliates or reflects negatively upon the Company, including,
without limitation, statements regarding the Company’s financial condition, business practices,
employment practices, or its predecessors, successors, subsidiaries, officers, directors, employees
or affiliates.

     (b) Delta agrees not to make to any person any statement that disparages Parker or reflects
negatively upon Parker, including, without limitation, statements regarding Parker’s financial
condition, business practices, performance while at Delta or otherwise.

11. Non-Solicitation. During the Consulting Service Term, Parker shall not, directly or
indirectly through another person or entity, except on behalf of the Company or an affiliate of the
Company:

     (a) induce or attempt to induce any employees of the Company or any affiliate of the Company
to leave the employ of the Company or such affiliate, or in any way interfere with the relationship
between the Company (or such affiliate) and its employees; or

     (b) solicit any person who is or was an employee or consultant of the Company or any affiliate
of the Company until three months after such individual’s employment or consulting relationship
with the Company or such affiliate has been terminated.

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12. Mandatory Arbitration. Except as provided in subsection (h) of this Section 12, any
dispute must be resolved by binding arbitration in accordance with the following:

     (a) Either Party may begin arbitration by filing a demand for arbitration in accordance with
the Rules for Commercial Arbitration of the American Arbitration Association (as in effect at the
time of arbitration of a dispute, the “Arbitration Rules”) and concurrently notifying the other
Party of that demand. If the Parties are unable to agree upon a panel of three arbitrators within
ten days after the demand for arbitration was filed (and do not agree to an extension of that
ten-day period), either Party may request the Denver office of the American Arbitration Association
(“AAA”) to appoint the arbitrator or arbitrators necessary to complete the panel in accordance with
the Arbitration Rules. Each arbitrator so appointed shall be deemed accepted by the Parties as
part of the panel.

     (b) The arbitration shall be conducted in the Denver, Colorado metropolitan area at a place
and time agreed upon by the Parties with the panel, or if the Parties cannot agree, as designated
by the panel. The panel may, however, call and conduct hearings and meetings at such other places
as the Parties may agree or as the panel may, on the motion of one Party, determine to be necessary
to obtain significant testimony or evidence.

     (c) The panel may authorize any and all forms of discovery upon a Party’s showing of need that
the requested discovery is likely to lead to material evidence needed to resolve the dispute and is
not excessive in scope, timing, or cost.

     (d) The arbitration shall be subject to the Federal Arbitration Act and conducted in
accordance with the Arbitration Rules to the extent that they do not conflict with this Section 12.
The Parties and the panel may, however, agree to vary to provisions of this Section 12 or the
matters otherwise governed by the Arbitration Rules.

     (e) The arbitration hearing shall be held within 60 days after the appointment of the panel.
The panel’s final decision or award shall be made within 30 days after the hearing. That final
decision or award shall be made by unanimous or majority vote or consent of the arbitrators
constituting the panel, and shall be deemed issued at the place of arbitration. The panel’s final
decision or award shall be based on this Agreement and applicable law.

     (f) The panel’s final decision or award may include injunctive relief in response to any
actual or impending breach of this Agreement or any other actual or impending action or omission of
a Party under or in connection with this Agreement.

     (g) The panel’s final decision or award shall be final and binding upon the Parties, and
judgment upon that decision or award may be entered in any court having jurisdiction. The Parties
waive any right to apply or appeal to any court for relief from the preceding sentence or from any
decision of the panel made before the final decision or award.

     (h) Nothing in this Section 12 limits the right of either Party to apply to a court having
jurisdiction to (i) enforce the agreement to arbitrate in accordance with this Section 12, (ii)
seek provisional or temporary injunctive relief, in response to an actual or impending breach of
the Agreement or otherwise so as to avoid an irreparable damage or maintain the status quo, until a
final arbitration decision or award is rendered or the dispute is otherwise resolved, or (iii)

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challenge or vacate any final arbitration decision or award that does not comply with this
Section 12. In addition, nothing in this Section 12 prohibits the Parties from resolving any
dispute (in whole or in part) by agreement.

     (i) The panel may proceed to an award notwithstanding the failure of any Party to participate
in such proceedings. The prevailing Party in the arbitration proceeding may be entitled to an
award of reasonable attorneys’ fees incurred in connection with the arbitration in such amount, if
any, as determined by the panel in its discretion. The costs of the arbitration shall be borne
equally by the Parties unless otherwise determined by the panel in its award.

     (j) The panel shall be empowered to impose sanctions and to take such other actions as it
deems necessary to the same extent a judge could impose sanctions or take such other actions
pursuant to the Federal Rules of Civil Procedure and applicable law. Each party agrees to keep all
disputes and arbitration proceedings strictly confidential except for disclosure of information
required by applicable law which cannot be waived.

     (k) This Section 12 shall not preclude the Parties at any time from mutually agreeing to
pursue non-binding mediation of the dispute.

13. Section 409A. To the extent applicable, it is intended that this Agreement comply with
Section 409A. In the event that Parker or Delta determines that any payment or distribution of any
type to Parker or for Parker’s benefit, whether paid or payable or distributed or distributable,
pursuant to the terms of this Agreement, the Change-In-Control Agreement or the Employment
Agreement (the “Total Payments”), would be subject to the additional tax and interest imposed by
Section 409A, or any interest or penalties with respect to such additional tax (such additional
tax, together with any such interest or penalties, are collectively referred to as the “409A Tax”),
then Parker shall be entitled to receive an additional payment (a “409A Tax Restoration Payment”)
in an amount that shall fund the payment by Parker of any 409A Tax on the Total Payments as well as
all income taxes imposed on the 409A Tax Restoration Payment, any 409A Tax imposed on the 409A Tax
Restoration Payment and any interest or penalties imposed with respect to taxes on the 409A Tax
Restoration Payment or any 409A Tax. Parker shall provide Delta notice of the payment of any 409A
Tax within 5 business days of remittance, and Delta shall pay the 409A Tax Restoration Payment to
Parker within 10 business days of Parker’s remittance of any 409A Tax, but to the extent the 409A
Tax Restoration Payment is payable on account of Parker’s separation from service, no earlier than
the Trust Distribution Date.

14. Company’s Successor. In addition to any obligations imposed by law upon any successor
to Delta, Delta shall require any successor to all or substantially all of Delta’s business or
assets (whether direct or indirect and whether by purchase, reorganization, merger, share exchange,
consolidation, or otherwise) to expressly assume and agree to perform Delta’s obligations under
this Agreement to the same extent, and in the same manner, as Delta would be required to perform if
no such succession had occurred. This Agreement shall be binding upon, and inure to the benefit
of, any successor to Delta.

15. Parker’s Successor. This Agreement shall inure to the benefit of, and be enforceable
by, Parker’s personal or legal representatives, designated beneficiary, administrators, executors
and heirs. If Parker should die after the Effective Date, but before any payment or benefit to
which

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Parker is entitled under this Agreement has been received by Parker, all payments or benefits to
which Parker would have been entitled had he continued to live (other than any such Welfare
Benefits that, by their terms, terminate upon Parker’s death) shall be made or provided in
accordance with this Agreement to the representatives, executors, or administrators of Parker’s
estate.

16. Restricted Assignment. Except as expressly provided in Sections 14 and 15, neither
Party may assign, transfer, or delegate this Agreement or any of its or his rights or obligations
under this Agreement without the prior written consent of the other Party. Any attempted
assignment, transfer, or delegation in violation of the preceding sentence shall be void and of no
effect.

17. Waiver and Amendment. No term or condition of this Agreement shall be deemed waived
other than by a writing signed by the Party against whom or which enforcement of the waiver is
sought. Without limiting the generality of the preceding sentence, a Party’s failure to insist
upon the other Party’s strict compliance with any provision of this Agreement or to assert any
right that a Party may have under this Agreement shall not be deemed a waiver of that provision or
that right. Any written waiver shall operate only as to the specific term or condition waived
under the specific circumstances and shall not constitute a waiver of that term or condition for
the future or a waiver of any other term or condition. No amendment or modification of this
Agreement shall be deemed effective unless stated in a writing signed by the Parties.

18. Entire Agreement. This Agreement contains the Parties’ entire agreement regarding the
subject matter of this Agreement and supersedes all prior agreements and understandings between
them regarding such subject matter (except as reserved herein). The Parties have made no
agreements, representations, or warranties regarding the subject matter of this Agreement that are
not set forth in this Agreement.

19. Notice. Each notice or other communication required or permitted under this Agreement
shall be in writing and transmitted, delivered, or sent by personal delivery, prepaid courier or
messenger service (whether overnight or same-day), prepaid telecopy or facsimile, or prepaid
certified United States mail (with return receipt requested), addressed (in any case) to the other
Party at the address for that Party set forth below that Party’s signature on this Agreement, or at
such other address as the recipient has designated by notice to the other Party, with a copies as
follows:

     If to Parker,

Brownstein Hyatt Farber Schreck, LLP

Attention: Timothy R. Beyer

410 Seventeenth Street, Suite 2200

Denver, CO 80202-4432

P: (303) 223-1116

F: (303) 223-0916

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     If to Delta,

Davis Graham & Stubbs LLP

Attention: Ron Levine

1550 Seventeenth Street, Suite 500

Denver, Colorado 80202

P: (303) 892-7514

F: (303) 893-1379

Each notice or communication so transmitted, delivered, or sent in person, by courier or messenger
service, or by certified United States mail shall be deemed given, received, and effective on the
date delivered to or refused by the intended recipient (with the return receipt, or the equivalent
record of the courier or messenger, being deemed conclusive evidence of delivery or refusal.)
Nevertheless, if the date of delivery is after 5:00 p.m. on a business day, the notice or other
communication shall be deemed given, received, and effective on the next Business Day.

20. Severability. It is the desire of the Parties hereto that this Agreement be enforced
to the maximum extent permitted by law, and should any provision contained herein be held
unenforceable by a court of competent jurisdiction or arbitrator (pursuant to Section 12), the
Parties hereby agree and consent that such provision shall be reformed to create a valid and
enforceable provision to the maximum extent permitted by law; provided, however, if such provision
cannot be reformed, it shall be deemed ineffective and deleted herefrom without affecting any other
provision of this Agreement. This Agreement should be construed by limiting and reducing it only
to the minimum extent necessary to be enforceable under then applicable law.

21. Title and Headings; Construction. Titles and headings to sections hereof are for the
purpose of reference only and shall in no way limit, define or otherwise affect the provisions
hereof. The words “herein,” “hereof,” “hereunder” and other compounds of the word “here” shall
refer to the entire Agreement and not to any particular provision.

22. Governing Law; Jurisdiction. All matters or issues relating to the interpretation,
construction, validity, and enforcement of this Agreement shall be governed by the laws of the
State of Colorado, without giving effect to any choice-of-law principle that would cause the
application of the laws of any jurisdiction other than Colorado. Jurisdiction and venue of any
action or proceeding relating to this Agreement or any dispute (to the extent arbitration is not
required under Section 12) shall be exclusively in Denver, Colorado.

23. Survival of Certain Provisions. Wherever appropriate to the intention of the Parties,
the respective rights and obligations of the Parties hereunder shall survive any termination or
expiration of this Agreement.

24. Counterparts. This Agreement may be signed in counterparts, with the same effect as if
both Parties had signed the same document. All counterparts shall be construed together to
constitute one, and the same, document.

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25. Attorneys Fees. The Parties agree that Delta shall pay all reasonable expenses and
costs Parker incurs with Brownstein Hyatt Farber Schreck, LLP in connection with the negotiation
and execution of this Agreement or in good faith in obtaining or retaining payments and benefits
under this Agreement within 20 days of being incurred. Payment of this expense in any taxable year
may not affect expenses to be paid in any other year.

[Signature page follows.]

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     IN WITNESS WHEREOF, the Parties have executed this Agreement to be effective as of the
Effective Date first above written.

PARKER:

Signature: /s/ Roger A. Parker                          

Name: Roger A. Parker

Address for notices:

9 Cherry Hills Park Drive

Cherry Hills Village, CO 80113

DELTA:

Delta Petroleum Corporation, a Delaware corporation

By: /s/ Stanley F. Freedman                          

Its: Executive Vice President

Name: Stanley F. Freedman

Address for Notices:

Delta Petroleum Corporation

c/o Ted Freedman, Executive Vice President and General Counsel

370 17th Street, Suite 4300

Denver, Colorado 80202

12exv10w21

Exhibit 10.21

CONFIDENTIAL TREATMENT REQUEST

Confidential

	 	 	 
	

	 	TECHNOLOGY LICENSE AND SERVICES AGREEMENT

This Technology License and Services Agreement (“Agreement”) is entered into as of April 26,
2007 (the “Agreement Effective Date”) by and between Phoenix Technologies Ltd., having an
office at 915 Murphy Ranch Road, Milpitas, California 95035 U.S.A. (“Phoenix”), and Lenovo
(Singapore) Pte. Ltd., having an office at 151, Lorong Chuan, #02-01, New Tech Park, Singapore
556741 (“Licensee”). In consideration of the benefits and obligations exchanged in this Agreement,
the parties agree as follows:

	1.	 	CERTAIN DEFINED TERMS. All terms in this Agreement with initial capitals have the
meanings set forth in Attachment II — Definitions, unless defined elsewhere. All defined
terms in singular form shall include the plural meanings of such terms and vice versa, if
applicable. All references to a Section, Attachment or Amendment mean a section, attachment
or amendment of this Agreement. All references to this Agreement include all attachments,
exhibits, exhibit amendments, and amendments.
	 
	2.	 	LICENSE GRANT.
	 
	2.1	 	Subject to the additional restrictions and obligations as set forth in Section 3 and
Attachment III — Program (Object Code) License of this Agreement, Phoenix grants Licensee and
its Affiliates a non-exclusive, non-transferable, worldwide and royalty bearing license to:
(a) use, reproduce, have reproduced, perform, display and distribute the Programs, but solely
for use with or incorporation into Licensee Products; and (b) provide the Programs to TPDs and
Contract Manufacturers to use, reproduce, have reproduced, perform and display and distribute
the Programs for use with or incorporation into Licensee Products, on behalf of Licensee and
its Affiliates, pursuant to provisions consistent with the terms of this Agreement.

2.1.1 Licensee and its Affiliates shall be authorized to post a copy of the Programs licensed
pursuant to the provisions of this Agreement, for purposes of providing upgrades and support
to end users of the Programs on: (a) electronic media, such as Licensee’s website, Affiliate’s
website or secure FTP site and/or (b) physical media such as CD-ROM.

2.1.2 Licensee agrees to be responsible and liable for the actions of such Affiliates, TPD and
Contract Manufacturers, as relates to the rights granted to such parties, as set forth in this
Agreement.

	2.2	 	Phoenix grants Licensee and its Affiliates a non-exclusive, non-transferable license to: (a)
use the Tools, pursuant to the provisions set forth in Attachment IV — Tool License of this
Agreement and subject to the applicable fees for such use; and (b) internally use the Source
Code, pursuant to the provisions set forth in Attachment VII — Source Code License of this
Agreement and subject to applicable fees for such use.
	 
	2.3	 	The licenses granted in this Agreement are subject to all terms, conditions, requirements,
restrictions and limitations set forth in this Agreement. All rights not expressly granted
are reserved by Phoenix.
	 
	2.4	 	Phoenix agrees to provide services to Licensee for: (a) engineering services, pursuant
to the provisions set forth in Attachment V — Engineering Services of this Agreement and
subject to the applicable fees for such services; (b) maintenance, pursuant to the provisions
set forth in Attachment VIII — Maintenance of this Agreement and subject to the applicable
fees for such services; and (c) CSS standard support services, pursuant to the provisions set
forth in Attachment  — CSS Standard Support Services Program of this Agreement and subject to
the applicable fees for such services.
	 
	2.5	 	For purposes of clarification, Licensee and its Affiliates shall receive only those licenses
or services pursuant to the provisions of this Agreement when: (a) the specific Program
license, Tool license or Source Code license and applicable fees; and/or (b) specific services
and applicable fees are set forth in an Attachment or Amendment to this Agreement; and such
Attachment or Amendment may set forth special requirements particular to such licenses and
services.
	 
	2.6	 	The parties agree that the provisions of this Agreement, as relates to the Phoenix
Deliverables made by Phoenix to Licensee and any Services performed by Phoenix for Licensee,
shall be applicable, even if delivered or performed prior to the Agreement Effective Date.
	 
	3.	 	USE RESTRICTIONS. Licensee or any of Licensee’s Affiliates shall not, nor shall they
authorize any third party (including TPDs and Contract Manufacturers) to: (a)
sublicense, sell, or otherwise distribute any Program copies separately from Licensee Products
except as provided in Section 2.1.1; (b) alter, remove, disable or suppress the display of any
end-user license agreement, copyright, trademark, trade name, logo or trade dress included as
part of the Programs, except as may otherwise be agreed by the parties in writing; or
(c) modify (except as otherwise set forth in this Agreement), translate, reverse assemble,
decompile, or disassemble any Programs.
	 
	4.0	 	ADDITIONAL DELIVERABLES.
	 
	4.1	 	The parties may subsequently add Deliverables, services and/or other items available by
Phoenix, to this Agreement using any one of the following methods:

 

			
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	 	 	Method I: (a) Licensee issues a purchase order to Phoenix for such Deliverables, services
and/or other items, referencing this Agreement; (b) Phoenix issues an invoice to Licensee; (c)
Phoenix delivers the relevant Deliverables, services and/or other items to Licensee; and (d)
Licensee pays Phoenix the applicable fees. Each invoice issued by Phoenix in response to
Licensee’s purchase order shall constitute an Amendment to this Agreement. For purposes of
clarification, a purchase order from Licensee will be issued only for renewal of any licenses
and services, as set forth in an Attachment or Amendment to this Agreement.
	 
	 	 	Method II: (a) Phoenix and Licensee execute an Amendment to this Agreement to include such
new Deliverables and services and/or other items, as applicable; (b) Phoenix delivers the
relevant Deliverables, services and/or other items to Licensee; and (c) Licensee pays Phoenix
the fees, as applicable, per the payment method as set forth in such Amendment to this
Agreement.
	 
	 	 	Method III: (a) Phoenix and Licensee execute an Authorization Form or Evaluation/Beta Product
Form, as set forth in Attachment X — Document Forms, to this Agreement to include such new
Deliverables and/or other items, as applicable, (b) Phoenix delivers the relevant
Deliverables, and/or other items to Licensee; and (c) Licensee pays Phoenix the fees per the
payment method as set forth in such Authorization Form or Evaluation/Beta Product Form to this
Agreement, as applicable. The parties agree that upon signature by both parties such forms
shall be considered Amendment(s) to this Agreement. The parties agree that such form, may be
updated by Phoenix, from time to time.
	 
	4.2	 	Notwithstanding anything to the contrary in this Section 4 or in this Agreement, the parties
agree that this Agreement be controlling over any additional or different terms and conditions
of any invoice, acknowledgement, purchase order or other business forms used by either party
(“Other Provisions”), even if accepted in writing by both parties. The terms and conditions of
such Other Provisions will have no effect on the rights, duties or obligations of the parties
with respect to any subsequent Deliverables, services, and/or other items available from
Phoenix, regardless of the failure of either party to object to those terms or conditions.
	 
	4.3	 	The parties agree that all subsequent Deliverables, services, and/or other items provided by
Phoenix to Licensee shall be subject to the terms of this Agreement (unless otherwise provided
in a written agreement duly executed by an authorized representative of each party).
	 
	5.	 	FEES AND PAYMENT TERMS.
	 
	5.1	 	Licensee will pay Phoenix all fees in accordance with the terms of this Agreement. Except as
otherwise specified in this Agreement, Licensee will pay all amounts due on net [***] day
terms from receipt of a valid invoice from Phoenix, in United States currency. All amounts due
under this Agreement are non-cancelable, and are an absolute commitment.
	 
	5.2	 	Licensee agrees to pay Phoenix the per-Program copy royalty set forth in this Agreement
(“Royalties”) for each copy of a Program distributed on a Licensee Product. Licensee will
account for and pay all Royalties owed to Phoenix by submitting [***] Royalty reports to
Phoenix, in a form reasonably acceptable to Phoenix. Each such report shall be provided to
Phoenix within [***] and, such report shall accurately set forth the number of Program copies
reproduced on Licensee Products during the subject [***]. With each Royalty report, Licensee
will submit payment for all Royalties due Phoenix pursuant to such report. Licensee’s
obligation to furnish [***] Royalty reports and to make [***] Royalty payments to Phoenix will
continue for as long as Licensee distributes any Programs on Licensee Products. Royalty
reports are required even if Licensee reports no distribution of any Programs during a
particular quarter. If Licensee completely stops distributing Programs, Licensee will promptly
provide Phoenix with a final [***] Royalty report, a final Royalty payment for the full amount
of all Royalties due, and a written certification that Licensee has stopped all distribution
of Programs on Licensee Products.

5.2.1 In the event that there is an error in royalty reporting, Licensee may adjust (for
overpayment or underpayment) the Royalties due by Licensee to Phoenix, as set forth in
Licensee’s next Royalty Report provided to Phoenix.

	5.3	 	No per copy royalties shall be due and payable by Licensee to Phoenix, pursuant to this
Section 5, with respect to Program copies which are: (a) used or distributed internally for
software development (including Licensee’s TPDs who are performing services on Licensee’s
behalf); (b) used or distributed for demonstration, marketing or training purposes; (c) used
for backup or archival purposes; (d) used for manufacturing or testing purposes by Licensee or
Contract Manufacturers; (e) used to repair, fix an error, provide a defective copy or maintain
a Licensee Product which incorporates a Program; or (f) distributed to an
existing customer as an upgrade to their existing copy of a Program, provided Licensee has not
obtained any revenue for such upgrade.
	 
	5.4	 	During the term of this Agreement and for a period of [***] thereafter, Licensee agrees that
Phoenix may hire an independent accounting firm, mutually agreed by the parties (“Auditor”),
to audit all relevant books and records for the sole purpose of determining Licensee’s
compliance with the payment of per Program license fee obligations set forth in this
Agreement. Such Auditor shall: (a) execute the appropriate standard confidentiality agreement
with Licensee, prior to

 

			
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	 	 	conducting such audit; and (b) report to Phoenix only such information obtained during the
course of such audit as is necessary to determine whether the payments made by Licensee
hereunder are correct. Phoenix shall cause such audit to be conducted no more than once in any
[***] period. Any such audit will be conducted at Licensee’s premises during regular business
hours, after [***] days notice, and in a manner that will not unduly interfere with Licensee’s
normal business practices. Licensee will provide all reasonable assistance and cooperation
that Phoenix may request during any audit. Licensee will promptly pay Phoenix the full amount
of any underpayment revealed by an audit, and [***], Licensee shall promptly reimburse Phoenix
for the reasonable cost of such audit.
	 
	5.5	 	[***]. In no event shall Licensee be responsible for taxes computed upon Phoenix’s net
income, net worth, or gross receipts. [***].
	 
	 	 	5.5.1 [***]
	 
	 	 	5.5.2 [***]

	6.	 	DELIVERY. Unless otherwise set forth in this Agreement, Phoenix will deliver the
Deliverables to Licensee within [***] days after final execution of this Agreement, an
Amendment, or in response to Licensee providing a purchase order to Phoenix. If delivery is
via common carrier, then it will be FOB, origin Phoenix’s facility. If delivery is via
Phoenix’s WWW or FTP site or service provider, then: (a) Phoenix will provide Licensee with
all information needed to download such Deliverables; and (b) Licensee shall
be deemed to have downloaded and taken possession of all Deliverables on the same date Phoenix
provides Licensee with the information required to complete such download.
	 
	7.	 	OWNERSHIP.
	 
	7.1	 	All Deliverables and Modifications, made by Phoenix or on behalf of Phoenix, are the
proprietary property of Phoenix and/or its suppliers. Except to the extent expressly
authorized in this Agreement, Licensee shall have no right to, nor shall it authorize any
third party (including Affiliates, TPDs and Contract Manufacturers) to: sell, assign, lease,
transfer, encumber, or otherwise suffer to exist any lien or security interest on the
Deliverables (or Modifications, made by Phoenix or on behalf of Phoenix).
	 
	7.2	 	[***]
	 
	8.	 	WARRANTIES AND DISCLAIMERS.
	 
	8.1	 	Phoenix warrants and represents to Licensee that, as of the Agreement Effective Date, it owns
or has sufficient right, title, and interest in and to the Deliverables to grant the licenses,
and other rights granted to Licensee by Phoenix under this Agreement. [***]
	 
	8.2	 	Phoenix warrants and represents to Licensee that, to the best of its knowledge, it owns or
has sufficient right, title and interest in and to the trademarks, trade names, logos and
trade dress included as part of the Deliverables.
	 
	8.3	 	Phoenix warrants to Licensee that the Deliverables, in their unmodified form and when used as
authorized under this Agreement, will perform materially in accordance with the Phoenix
Specifications for a period of [***] from the date of initial delivery of the Deliverables to
Licensee (the “Warranty Period”). If, during the Warranty Period, the Deliverables do not
perform materially in accordance with their Specifications, Phoenix shall use commercially
reasonable efforts to rectify the non-conformity. If Phoenix determines that the preceding
option is commercially impractical, then Phoenix shall [***] and in such event, any licenses
granted by Phoenix to Licensee for such Deliverables shall terminate. THE PROVISIONS OF THIS
SECTION 8.3 STATE THE SOLE AND EXCLUSIVE REMEDIES AVAILABLE TO LICENSEE WITH RESPECT TO THE
WARRANITIES SET FORTH IN THIS SECTION 8.3.
	 
	8.4	 	In addition to the warranties stated above, Phoenix warrants to Licensee that:
	 
	 	 	(a) Phoenix has entered into written agreements with its employees, contractors,
licensees or other applicable third parties, as necessary for it to comply with all of
its obligations under this Agreement;

	 	 	(b) [***]
	 
	 	 	(c) [***]
	 
	 	 	(d) [***]
	 
	 	 	(e) [***]
	 
	 	 	(f) Services will be performed in a good and workmanlike manner by individuals with
sufficient skill, experience and training to fulfill Phoenix’s obligations under the
terms of this Agreement;
	 
	 	 	(g) Phoenix will comply with all applicable export and import laws, regulations,
orders, and policies (including, but not limited to, securing all necessary clearance
requirements, export and import licenses and exemptions from, and making all proper
filings with appropriate governmental bodies and/or disclosures relating to the release
or transfer of technology and software to non U.S. nationals in the U.S., or outside the
U.S., release or transfer of technology and software having U.S. content or derived from
U.S.-origin software or technology);
	 
	 	 	(h) [***]
	 
	 	 	(i) [***]
	 
	 	 	(j) [***]
	 
	 	 	(k) Phoenix shall verify that any encryption technologies, included in any of the
Deliverables, are classified with an Export Control Classification

 

			
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Number (ECCN), with the origin of the classification identified via CCATS number of self
certification documentation as per U.S. Export Administration Regulations (EAR) that are
implemented and enforced by the U.S. Department of Commerce Bureau of Industry and Security
(BIS);

(l) [***]. Phoenix represents that it shall not include any explosive, hazardous, incendiary
and/or destructive materials in any products transported under this Agreement; and

(m) All Deliverables and Services will process date data correctly (including, without
limitation, correctly processing, providing, receiving, and displaying date data) within
and between the twentieth and twenty-first centuries, and are designed to exchange date
data accurately and correctly with other products (including, without limitation,
hardware, software, and firmware) used with Deliverables and Services.

	8.5	 	PHOENIX DISCLAIMS ALL OTHER WARRANTIES, EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE REGARDING
OR RELATING TO ANY DELIVERABLES OR SERVICES FURNISHED OR PROVIDED TO LICENSEE UNDER THIS
AGREEMENT. PHOENIX SPECIFICALLY DISCLAIMS ALL IMPLIED WARRANTIES OF MERCHANTABILITY AND
FITNESS FOR A PARTICULAR PURPOSE.
	 
	9.	 	INDEMNIFICATION BY PHOENIX.
	 
	9.1	 	Phoenix represents and warrants that, as of the Agreement Effective Date, it has no actual
knowledge of any pending suit or proceeding alleging an infringement for which Phoenix would
have an indemnity obligation under this Section 9.
	 
	9.2	 	Phoenix will, at its own expense, defend, indemnify and hold Licensee harmless from any claim
made or threatened or any suit or proceeding brought against Licensee to the extent based on
an allegation that any Deliverable furnished to Licensee under this Agreement infringes a
United States, Japan, Taiwan, People’s Republic of China, South Korea, Canada, Singapore, or
European Union copyright, patent, trademark or trade secret in existence during the term of
this Agreement. Licensee shall: (a) notify Phoenix in writing within a reasonable period of
time of such action; (b) give Phoenix the right to control and direct the defense and
settlement of such action; (c) make no compromise, settlement or admission of liability that
is not approved by Phoenix; and (d) provide reasonable assistance and cooperates in the
defense of such action. Subject to the limitations set forth in Section 11, Phoenix shall pay
any resulting damages, costs and expenses finally awarded to a third party, including but not
limited to reasonable attorney’s fees, and any settlement to which Phoenix has agreed, and
will pay Licensee’s reasonable attorney’s fees incurred in reviewing the claim. Phoenix will
have no responsibility for the settlement of any claim, suit or proceeding made by Licensee
without Phoenix’s prior written approval. Notwithstanding the foregoing, Licensee may retain
counsel and participate in the defense of any such action or claim solely at its own option
and expense, provided however that Licensee’s defense corresponds with Phoenix’s defense.
	 
	9.3	 	With respect to any claim made or threatened or any suit or proceeding brought against
Licensee so far as it is based on an allegation that any Program furnished hereunder to
Licensee infringes a Malaysia or Israel copyright in existence on the date such Program was
provided to Licensee, Phoenix’s obligations to Licensee shall be to use commercially
reasonable efforts to modify the Program to make the Program non-infringing. Phoenix’s
inability to modify the Program to make the Program non-infringing shall not be deemed a
breach of this Agreement. If Phoenix is unable to perform the modification to the Program to
make the Program non-infringing, then Phoenix shall return to Licensee any license fees paid
for the Programs in question, and in such event, any licenses granted by Phoenix to Licensee
for such Programs shall terminate.
	 
	9.4	 	If any Deliverable is held to infringe and the use of such Deliverable is enjoined, Phoenix
will at its expense: (a) procure for Licensee the right to continue using such infringing or
potentially infringing Deliverable; or (b) replace the infringing or potentially infringing
Deliverable with non-infringing Deliverable; or (c) modify the infringing or potentially
infringing Deliverable so it becomes non-infringing. If none of the foregoing remedies are
commercially feasible, then Phoenix will return to Licensee any license fees paid for the
Deliverable in question, and at such event, any licenses granted by Phoenix to Licensee for
such Deliverable shall terminate.
	 
	9.5	 	Phoenix’s obligations as stated in this Section 9 will not apply to any claim, suit or
proceeding to the extent it is based on: (a) any modification of the Deliverables other than
by Phoenix or the combination of the Deliverables with non-Phoenix hardware or software, if
the claim, suit or proceeding would have been avoided if the Deliverables had not been so
modified or combined, provided, however, if the underlying claim, suit or proceeding is
directly attributable to the Deliverables component of a combination, the provisions of
Section 9.2 shall apply as against Phoenix; or (b) any use of the Deliverables not authorized
by this Agreement.
	 
	9.6	 	This Section 9 sets forth the entire obligation of Phoenix, and Licensee’s exclusive remedy,
for the actual or alleged infringement by any Deliverables of any patent, copyright, trade
secret or other intellectual property right of any person or entity.
	 
	10.	 	INDEMNIFICATION BY LICENSEE.

 

			
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	10.1	 	Licensee will, at its own expense, defend, indemnify and hold Phoenix harmless from any claim
made or threatened or any suit or proceeding brought against Phoenix to the extent based on an
allegation that any Modification of the Source Code, made by or for Licensee by anyone other
than Phoenix, and for any Modification made by Phoenix to the extent such Modification was
made as a result of Phoenix’s compliance with Licensee’s specifications or instructions,
excluding any Phoenix Deliverables contained therein in the underlying code, infringes a
United States, Japan, Taiwan, People’s Republic of China, South Korea, Canada, Singapore, or
European Union copyright or patent, trade mark, or trade secret. Phoenix shall: (a) notify
Licensee in writing within a reasonable period of time of such action; (b) give Licensee the
right to control and direct the defense and settlement of such action; (c) make no compromise,
settlement or admission of liability that is not approved by Licensee; and (d) provide
reasonable assistance and cooperates in the defense of such action. Subject to the
limitations set forth in Section 11, Licensee shall pay any resulting damages, costs and
expenses finally awarded to a third party, including but not limited to reasonable attorney’s
fees, and any settlement to which Licensee has agreed, and will pay Phoenix’s reasonable
attorney’s fees incurred in reviewing the claim. Licensee will have no responsibility for the
settlement of any claim, suit or proceeding made by Phoenix without Licensee’s prior written
approval. Notwithstanding the foregoing, Phoenix may retain counsel and participate in the
defense of such action or claim solely at its own option and expense; provided however that
Phoenix’s defense corresponds with Licensee’s defense.
	 
	10.2	 	Licensee shall indemnify Phoenix against all claims, liabilities, proceedings, costs,
damages, losses, liabilities or expenses incurred by Phoenix caused by the negligence or
willful misconduct of any TPD or Affiliate in connection with the unauthorized use or
disclosure of the Source Code.
	 
	11.	 	LIMITATION OF LIABILITY.
	 
	11.1	 	EXCEPT FOR ANY LIABILITY ARISING FROM SECTION 9 AND SECTION 10, IN NO EVENT WILL EITHER PARTY
BE LIABLE TO EACH OTHER OR TO ANY THIRD PARTY FOR ANY CONSEQUENTIAL, INDIRECT, INCIDENTAL OR
SPECIAL DAMAGES, EVEN IF THE PARTY TO BE CHARGED HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH
DAMAGES.
	 
	11.2	 	EXCEPT FOR ANY LIABILITY ARISING FROM (A) LICENSEE’S BREACH OF THE LICENSE GRANT PROVISIONS
OF THIS AGREEMENT OR (B) LICENSEE’S BREACH OF THE CONFIDENTIALITY PROVISIONS OF THIS AGREEMENT
OR (C) PHOENIX’S BREACH OF THE CONFIDENTIALITY PROVISIONS OF THIS AGREEMENT OR (D) WILLFUL
INFRINGEMENT BY EITHER PARTY, IN NO EVENT WILL EITHER PARTY’S TOTAL LIABILITY UNDER ANY OR ALL
PROVISIONS OF THIS AGREEMENT FOR ALL CAUSES OF ACTION ON A CUMULATIVE BASIS EXCEED THE GREATER
OF THE PAYMENTS ACTUALLY MADE TO PHOENIX BY LICENSEE UNDER THIS AGREEMENT DURING THE
IMMEDIATELY PRECEDING TWELVE (12) MONTH PERIOD OR [***].
	 
	11.3	 	NOTWITHSTANDING THE PROVISIONS OF SECTION 11.1 AND SECTION 11.2, EACH PARTY’S TOTAL LIABILITY
UNDER SECTION 9 AND SECTION 10, RESPECTIVELY, SHALL NOT EXCEED THE GREATER OF THE PAYMENTS AS
DEFINED IN SECTION 11.2 OR [***].
	 
	11.4	 	THE PARTIES AGREE THAT PHOENIX HAS SET ITS PRICES AND ENTERED INTO THIS AGREEMENT IN RELIANCE
UPON THE LIMITATIONS AND DISCLAIMERS IN THIS SECTION 11, WHICH REPRESENT A BARGAINED-FOR
ALLOCATION OF RISK BETWEEN THE PARTIES (INCLUDING THE RISK THAT A CONTRACT REMEDY MAY FAIL OF
ITS ESSENTIAL PURPOSE AND CAUSE CONSEQUENTIAL LOSS), AND FORMS AN ESSENTIAL BASIS OF THE
BARGAIN BETWEEN THE PARTIES.
	 
	12.	 	CONFIDENTIALITY.
	 
	12.1	 	On April 26, 2005, Phoenix and Licensee, as successor-in-interest to International Business
Machines Corporation, entered into a Confidential Disclosure Agreement; bearing agreement
number 4905RL1052 (“2005 NDA”). For reference purposes, the 2005 NDA is provided in Attachment
XII — Confidential Disclosure Agreement between Phoenix and Licensee.
	 
	12.2	 	The parties agree that any disclosure by a party (as “Discloser”) to the other party (as
“Recipient”) of Confidential Information, as defined in the 2005 NDA, shall be disclosed by
the parties pursuant to the provisions of the 2005 NDA.
	 
	12.3	 	Notwithstanding the provisions of the 2005 NDA, the parties agree as follows:

(a) the terms and conditions of this Agreement shall be considered Confidential Information,
and neither Party will disclose the provisions of this Agreement other than to business,
financial and legal advisors, or as required by law or regulation, without the express written
consent of the other Party;

(b) prior to any disclosure of the Source Code and/or Internal Use Tools, the parties shall
not be required to sign a Supplement to the 2005 NDA;

(c) prior to any disclosure of the Source Code and Internal Use Tools to any TPDs or
Affiliates, such

 

			
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parties must be identified in an Attachment or Amendment to this Agreement;

(d) the Source Code and Internal Use Tools shall be considered Confidential Information, even
if not so marked or identified as “confidential” or even if such information does not include
any restrictive marking;

(e) the duty to protect the confidentiality of the terms and conditions of this Agreement
shall continue for a period of five (5) years from the expiration date or termination date of
this Agreement;

(f) the duty to protect the confidentiality of the Source Code shall survive any expiration or
termination of this Agreement and continue until such time as Phoenix releases the Source Code
into the public domain without any restriction on disclosure, if such an event ever occurs;

(g) the duty to protect the confidentiality of Phoenix’s Internal Use Tools shall continue for
a period of five (5) years from the expiration date or termination date of this Agreement;

(h) the duty to protect the confidentiality of Lenovo Code and Lenovo Code Derivative Works
shall survive any expiration or termination of this Agreement and continue until such time as
Licensee releases the code into the public domain without any restriction on disclosure, if
such an event ever occurs;

(i) the parties agree not to terminate the 2005 NDA during the term of this Agreement;

(j) in the event that any provision of the 2005 NDA conflicts with the provisions of this
Agreement, then the provisions of this Agreement shall govern; and

(k) in the event that the 2005 NDA does not include a provision with regard to a particular
subject matter, then the provisions of this Agreement shall govern.

	13.	 	TERM AND TERMINATION.
	 
	13.1	 	The term of this Agreement shall commence on the Agreement Effective Date and shall continue
for a period of five (5) years thereafter, unless earlier terminated by either party pursuant
to this Section.
	 
	13.2	 	At any time after March 31, 2009, Licensee may terminate this Agreement by providing sixty
(60) days written notice of termination to Phoenix.
	 
	13.3	 	Either party may terminate this Agreement upon thirty (30) days written notice to the other
party if the other party is in material breach of this Agreement and such material breach is
not cured within such period.
	 
	13.4	 	If either party: (a) becomes insolvent; (b) makes an assignment for the benefit of creditors;
(c) files or has filed against it a petition in bankruptcy or seeking reorganization; (d) has
a receiver appointed; and/or (e) institutes any proceedings for liquidation or winding up;
then the other party may terminate this Agreement immediately by written notice.
	 
	13.5	 	Within ten (10) days after expiration or termination of this Agreement, each party shall (a)
return or destroy the original and all copies of any Confidential Information (including all
Deliverables) in its possession or control, including but not limited to all copies contained
on any magnetic or optical storage device owned or controlled by such party, and
(b) provide the other with a statement, signed by a authorized officer of such party, that
the originals and all copies have been returned or destroyed. Except as otherwise set forth in
this Section 13.5, upon expiration or termination, all licenses granted in this Agreement will
cease and shall have no further effect; provided that end users of the Programs shall be
permitted the continued and uninterrupted use. Upon expiration or termination, each Party
will remain obligated under this Agreement for transactions that have already been completed
and to those parts of the Agreement relating to ownership, confidentiality, warranties,
indemnity, limitation of liability, payment terms, obligations upon expiration or termination,
and any other applicable provisions which by their nature would survive any such expiration or
termination of this Agreement.
	 
	 	 	13.5.1 [***]
	 
	 	 	13.5.2 [***]
	 
	 	 	13.5.3 Notwithstanding the foregoing, upon termination of this Agreement due to Phoenix
becoming insolvent or Phoenix instituting any proceedings for liquidation or winding up, as
set forth in Section 13.3, then Phoenix agrees the license rights set forth herein for
Deliverables licensed by Phoenix to Licensee prior to such termination shall remain in effect;
and Licensee agrees such programs shall be subject to the provisions of this Agreement.

	14.	 	GENERAL.
	 
	14.1	 	Assignment. Neither party may assign (by operation of law or otherwise) any or all
of its rights and obligations under this Agreement without the prior written consent of the
other party, provided however, that each Party may assign its rights and obligations on
written notice to the other Party without such consent: (a) in the case of Phoenix, to its
wholly-owned subsidiaries; and (b) in the case of Licensee, to Licensee’s parent and parent’s
wholly-owned subsidiaries; so long as, in any assignment to such a subsidiary, Phoenix or
Licensee’s parent, as the case may be, guarantee the performance of the assignee-subsidiary.
Subject to the foregoing sentence, this Agreement shall be binding upon and inure to the
benefit of the parties, their successors and permitted assigns.
	 
	14.2	 	Governing Law and Jurisdiction. This Agreement shall be governed and construed in
accordance with the laws of the State of Delaware, without reference to its

 

			
	THE SYMBOL [***] IS USED TO INDICATE THAT A PORTION OF THE EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTION.

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	CONFIDENTIAL TREATMENT REQUEST	 	 
	Confidential
	 	 

	 	 	conflict of law rules. The United Nations Convention on Contracts for the International Sale
of Goods is expressly excluded from application to this Agreement.
	 
	14.3	 	Partial Invalidity; Waiver. In the event that any provision of this Agreement is
held by a court of competent jurisdiction to be invalid, such provision shall be severed from
this Agreement and shall not affect the validity of this Agreement as a whole or any of its
other provisions. No waiver of any provision of this Agreement shall be effective unless it
is set forth in a writing that refers to the provision so waived and is executed by an
authorized representative of the party waiving its rights. No failure or delay by either
party in exercising any right, power or remedy will operate as a waiver of any such right,
power or remedy.
	 
	14.4	 	Injunctive Relief. Each party agrees that any actual or threatened breach of the
confidentiality and licensing provisions of this Agreement may cause substantial harm to the
non-breaching party that may not be cured by money damages; therefore, either party may seek
equitable relief upon request to protect such rights under this Agreement.
	 
	14.5	 	Notices. Any notice required or permitted to be made or given by either party will
be deemed sufficiently made or given on the date of issuance if sent by certified mail,
commercial courier, personal delivery, or a similar delivery method with a receipt for
delivery. Any notice shall be addressed to the other party at the address in the header of
this Agreement or to such other address as a party may designate by written notice given to
the other party. Notices to Phoenix shall be sent to the attention of the General Counsel.
	 
	14.6	 	Export. Each party agrees that it will not, nor will it authorize any third party
to, export or re-export the Deliverables, in any form, without first obtaining any required
United States and/or other governmental licenses or other authorization. By entering into
this Agreement, Licensee represents and warrants that it is neither: (a) located in or under
the control of, nor is a national or resident of, any U.S. embargoed country; or (b) listed
on, or under the control of any person listed on, the U.S. Treasury Department’s list of
Specially Designated Nationals or the U.S. Commerce Department’s Table of Denial Orders. If
any licenses or authorizations are required, as relates to Phoenix products, then Phoenix
agrees to provide reasonable assistance to Licensee, upon request from Licensee.
	 
	14.7	 	Entire Agreement. The provisions of this Agreement (including any attachments,
exhibits, exhibit amendments and amendments) constitute the entire agreement between the
parties and supersede all prior agreements, oral or written, and all other communications
relating to the subject matter of this Agreement.

As shown by its signature below, each party agrees to all provisions of this Agreement and has
caused this Agreement to be executed on the date specified below by an individual authorized to
sign on behalf of such party.

	 	 	 	 	 	 	 	 	 	 	 
	Phoenix: Phoenix Technologies Ltd.	 	Licensee: Lenovo (Singapore) Pte. Ltd.
	 
	 	 	 	 	 	 	 	 	 	 
	Authorized Signature:	 	/s/ Phoenix Technologies	 	Authorized Signature:	 	/s/ Lenovo
	 

	 	 	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Printed Name:

	 	 	 	 	 	Printed Name:	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Title:
	 	 	 	 	 	Title:	 	 	 	 
	
 
	 	
 

	 
	 	 	 	 	 	 	 	 	 	 
	Date:

	 	 	 	 	 	Date:	 	 	 	 
	
 
	 	
 

 

			
	THE SYMBOL [***] IS USED TO INDICATE THAT A PORTION OF THE EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTION.

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	CONFIDENTIAL TREATMENT REQUEST	 	Phoenix Agreement Number 73210100
	Confidential
	 	Lenovo Agreement Number 4907L10470

SUMMARY OF ATTACHMENTS

The following Attachments are referenced pursuant to the terms and conditions of this Agreement:

	 	 	 
	Attachment IA

	 	Licenses and Services (Mobile)
	 
	 	 
	Attachment IB

	 	Licenses and Services (Desktop)
	 
	 	 
	Attachment IC

	 	Licenses and Services (Options)
	 
	 	 
	Attachment ID

	 	Licenses and Services (Special Requirements)
	 
	 	 
	Attachment IE

	 	Licenses and Services (MLA Summary)
	 
	 	 
	Attachment II

	 	Definitions
	 
	 	 
	Attachment III

	 	Program (Object Code) License
	 
	 	 
	Attachment IV

	 	Tool License
	 
	 	 
	Attachment V

	 	Engineering Services
	 
	 	 
	Attachment VI

	 	Intentionally Left Blank
	 
	 	 
	Attachment VII

	 	Source Code License
	 
	 	 
	Attachment VIII

	 	Maintenance
	 
	 	 
	Attachment IX

	 	CSS Standard Support Program
	 
	 	 
	Attachment X

	 	Document Forms
	 
	 	 
	 

	 	Form A – Non-Disclosure Agreement
	 
	 	 
	 

	 	Form B – Authorization Form
	 
	 	 
	 

	 	Form C – Quarterly Support Services Usage Report
	 
	 	 
	 

	 	Form D – Certification of Originality
	 
	 	 
	 

	 	Form E – Lenovo Technology Form
	 
	 	 
	 

	 	Form F – Licensee Travel and Expense Policy
	 
	 	 
	 

	 	Form G – Evaluation/Beta Product Form
	 
	 	 
	Attachment XI

	 	Evaluation and Beta Licenses
	 
	 	 
	Attachment XII

	 	Confidential Disclosure Agreement between Phoenix and Licensee

 

			
	THE SYMBOL [***] IS USED TO INDICATE THAT A PORTION OF THE EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTION.

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