Document:

Openwave Systems Inc. Executive Compensation Deferral Plan

 Exhibit 4.1 
  
 Openwave Systems Inc. 
 Executive Compensation Deferral Plan 
  
 Table of Contents 
  

			
	SECTION 1   -	  	STATEMENT OF PURPOSE
		
	SECTION 2   -	  	DEFINITIONS
		
	SECTION 3   -	  	PLAN ADMINISTRATION
		
	SECTION 4   -	  	ELIGIBILITY AND PARTICIPATION
		
	SECTION 5   -	  	CONTRIBUTIONS TO THE PLAN
		
	SECTION 6   -	  	PARTICIPANTS' ACCOUNTS
		
	SECTION 7   -	  	DISTRIBUTIONS
		
	SECTION 8   -	  	COMPANY-OWNED LIFE INSURANCE (“COLI”)
		
	SECTION 9   -	  	ADMINISTRATOR
		
	SECTION 10 -	  	AMENDMENT/TERMINATION
		
	SECTION 11 -	  	MISCELLANEOUS
		
	SECTION 12 -	  	CONSTRUCTION

 Section 1 - Statement of Purpose 
  
 This Executive Compensation Deferral Plan is designed and implemented for the purpose of providing to a select group of management or highly
compensated employees of the Company (as herein defined) who are significantly responsible for the Company’s success, the opportunity to accumulate capital on an income tax deferred basis, thereby increasing the incentive for such employees to
remain in the employ of the Company and to make the Company more profitable. 
  
 It is the Company’s intention: 
  
 1. That
the Plan and all elections, deferrals, rights and features, notwithstanding any written terms or provisions to the contrary, be operated in good faith compliance with Internal Revenue Code Section 409A; and 
  
 2. That the Plan will be amended or restated retroactively to January 1, 2006 (the
Effective Date of the Plan), if necessary, in order that the Plan be in compliance with Code Section 409A; and 
  
 3. That the Plan shall at all times be administered and interpreted in such a manner as to constitute an unfunded Plan for a select group of management or highly
compensated employees, so as to qualify for all available exemptions from the provisions of Title I of ERISA; and 
  
 4. That the Plan constitute a “nonqualified deferred compensation plan” for purposes of Code Section 3121(v)(2) and 4 U.S.C. Section 114. 

 
 Section 2 – Definitions 
  
 2.1 “Account” means the account established for each Participant by the
Administrator to which contributions are credited pursuant to Section 5, as adjusted for gains and losses pursuant to Section 6.2. 
  
 2.2 “Account Balance” means the amount as denominated in dollars of a Participant’s Account as indicated by the records of the Administrator. 

 
 2.3 “Administrator” means the person designated by the Board pursuant to
Section 3.1 to administer the Plan on behalf of the Company. 
  
 2.4
“Beneficiary” means the person to whom the balance in a deceased Participant’s Account is payable, as designated by a Participant in writing on a form satisfactory to the Company. In the absence of any living designated Beneficiary, a
deceased Participant’s Beneficiary shall be the deceased Participant’s then living spouse, if any, for his or her life; if none, or from and after such spouse’s death, then the living children of the deceased Participant, if any, in
equal shares, for their joint and survivor lives; and if none, or after their respective joint and survivor lives, the estate of the deceased Participant. 
  
 2.5 “Board” means the Board of Directors of the Company, any committee of such Board that is authorized to oversee, administer and amend the Plan, or any other
delegate selected by the Board. 
  
 2.6 “Cash Bonus” means a cash bonus
that is payable to a Participant under a bonus plan or arrangement of the Company that may be designated from time to time by the Administrator. 
  
 2.7 “Change in Control” means a change in the ownership of the company, a change in the effective control of the company, or a change in the ownership of a
substantial portion of the assets of the company, all as defined by Section 409A of the Internal Revenue Code and the Regulations and guidance published pursuant to that Section. 
  
 2.8 “Company” means Openwave Systems Inc. (“Openwave”) and subsidiaries and any successors that shall maintain this Plan
with the approval of Openwave. 
  
 2.9 “Compensation” means the total
amount of base salary and Cash Bonus paid each year by the Company to a Participant. 
  
 2.10 “Disability” means a situation where a Participant (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in
death or can be expected to last for a continuous period of not less than 12 months, or (ii) is, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a
continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than 3 months under an accident and health plan covering employees of the Company. The Disability of a Participant shall be determined by a
licensed physician selected by the Company. In addition, a Participant shall be deemed to have incurred a Disability if such Participant is determined to be totally disabled by the Social Security Administration. 
  
 2.11 “Eligible Employee” means an Employee who has been selected by the Company to
participate in the Plan. 
  
 2.12 “Employee” means an employee of
Openwave or of a subsidiary that has elected to become a participating employer in the Plan with the approval of Openwave. 
  
 2.13 “Participant” means any Eligible Employee who participates in the Plan as provided in Section 4 and has not for any reason become ineligible to
participate further in the Plan. An individual shall continue to be a Participant as long as there is a Vested Account Balance for that person. 

 2.14 “Participation Agreement” means a written agreement between a Participant and the Company in substantially
the form attached hereto as Exhibit A. 
  
 2.15 “Plan” means the
Openwave Systems Inc. Executive Compensation Deferral Plan, as contained in this instrument, including all amendments thereto. 
  
 2.16 “Plan Year” means the Plan’s accounting year of twelve (12) months commencing on January 1st of each year and ending the following
December 3lst. The initial Plan Year shall commence January 1, 2006 (“Effective Date”) and shall end December 31, 2006. 
  
 2.17 “Separation from Service” has the meaning set forth in Section 409A(a)(2)(A)(i) and guidance interpreting that Section. 
  
 2.18 “Vested” means the nonforfeitable portion of any Account maintained on behalf
of a Participant. 
  
 Section 3 – Plan Administration 

 
 3.1 Powers and duties of the Administrator. The Board shall appoint the
Administrator, who shall administer the Plan for the exclusive benefit of the Participants and their Beneficiaries, subject to the specific terms of the Plan. The Administrator shall administer the Plan in accordance with its terms and shall have
the power and discretion to construe the terms of the Plan and to determine all questions arising in connection with the administration, interpretation, and application of the Plan. The Administrator may establish procedures, correct any defect,
supply any information, or reconcile any inconsistency in such manner and to such extent as shall be deemed necessary or advisable to carry out the purpose of the Plan. Prior to a Change in Control, all actions by the Administrator shall be binding
on all persons unless they are arbitrary and capricious. The Administrator shall have all powers necessary or appropriate to accomplish his duties under this Plan. 
  
 The Administrator shall be charged with the duties of the general administration of the Plan, including, but not limited to, the following:

  
 (a) The discretion to determine all questions relating to the
eligibility of Employees to participate or remain a Participant hereunder and to receive benefits under the Plan; 
  
 (b) To compute and make determinations with respect to the amount of benefits to which any Participant shall be entitled hereunder; 
  
 (c) To authorize and make nondiscretionary or otherwise directed
disbursements to Participants; 
  
 (d) To maintain all necessary
records for the administration of the Plan; 
  
 (e) To interpret
the provisions of the Plan and to make and publish such rules for the regulation of the Plan as are consistent with the terms hereof; 
  
 (f) To prepare and implement a procedure to notify employees that they have been selected as eligible to participate in the Plan; 
  
 (g) To assist any Participant regarding his rights, benefits, or elections
available under the Plan. 
  
 The Company shall indemnify, hold harmless and
defend the Administrator from any liability which the Administrator may incur in connection with the performance of his or her duties in connection with this Plan, so long as the Administrator was not acting in an arbitrary and capricious fashion
prior to a Change in Control (or was acting in good faith after a Change in Control) and within what the Administrator understood to be the scope of his or her duties. 
  
 3.2 Records and Reports. The Administrator shall keep a record of all actions taken and shall keep all other books of account,
records, and other data that may be necessary for proper administration of the Plan and shall be responsible for supplying all information and reports to the Company, Participants and Beneficiaries. 
  
 3.3 Information from Company. To enable the Administrator to perform his
functions, the Company shall supply full and timely information to the Administrator on all matters relating to the compensation of all Participants, their retirement, death, disability, or termination of employment, and such other pertinent facts
as the Administrator may require. The Administrator may rely upon such information as is supplied by the Company and shall have no duty or responsibility to verify such information. 
  
 3.4 Claims Procedure. Claims for benefits under the Plan may be filed with the Administrator on forms supplied by the Company.
Written or electronic notice of the disposition of a claim shall be furnished to the claimant within 90 days after the claim is filed. If additional time (up to 90 days) is required by the Administrator to process the claim, written notice shall be
provided to the claimant within the initial 90 day period. The extension notice shall indicate the special circumstances requiring an extension of time and the date by which the Administrator expects to render a determination. 
  
 In the event the claim is denied in whole or in part, the notice shall set forth in language
calculated to be understood by the claimant (i) the specific reason or reasons for the denial, (ii) specific reference to pertinent Plan provisions on which the denial is based, (iii) a description of any additional material or
information necessary for the claimant to perfect the claim and an explanation of why such material or information is necessary, and (iv) a description of the Plan’s review procedures and the time limits applicable to such procedures,
including a statement of the claimant’s right, if any, to bring a civil action under section 502(a) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), following an adverse benefit determination on review.

 3.5 Claims Review Procedure. Any Employee, former Employee, or Beneficiary who has been denied a benefit by
a decision of the Administrator pursuant to Section 3.4 shall be entitled to request the Administrator to give further consideration to his claim by filing with the Administrator a request for a hearing. Such request, together with a written
statement of the reasons why the claimant believes his claim should be allowed, shall be filed with the Administrator no later than 60 days after receipt of the written notification provided for in Section 3.4. The claimant shall be provided,
upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant to the claimant’s claim for benefits. The Administrator shall then conduct a hearing within the next 60 days, at which
the claimant shall have an opportunity to submit comments, documents, records and other information relating to the claim without regard to whether such information was submitted or considered in the initial benefit determination. 
  
 The Administrator shall make a final decision as to the allowance of the claim within 60 days
of receipt of the appeal (unless there has been an extension due to special circumstances, provided the delay and the special circumstances occasioning it are communicated to the claimant in writing within the 60 day period), and a decision shall be
rendered as soon as possible but not later than 110 days after receipt of the request for review; provided, however, in the event the claimant fails to submit information necessary to make a benefit determination on review, such period shall be
tolled from the date on which the extension notice is sent to the claimant until the date on which the claimant responds to the request for additional information. The decision on review shall be written or electronic and, in the case of an adverse
determination, shall include specific reasons for the decision, in a manner calculated to be understood by the claimant, and specific references to the pertinent Plan provisions on which the decision is based. The decision on review shall also
include (i) a statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant to the claimant’s claim for benefits, and
(ii) a statement describing any voluntary appeal procedures offered by the Plan, and a statement of the claimant’s right, if any, to bring an action under Section 502(a) of ERISA and shall include specific reasons for the decision and
specific references to the pertinent Plan provisions on which the decision is based. 
  
 Section 4 - Eligibility and Participation 
  
 4.1
Eligibility. The Company, in its sole discretion, shall select the Employees who are eligible to become Participants, provided that such group of Participants shall constitute a select group of management or highly compensated
employees of the Company. 
  
 4.2 Participation. The Company or its
designee shall notify those Employees selected for participation of the benefits available under the Plan. An Eligible Employee becomes a Participant in the Plan upon the execution and delivery by him or her and the Company of a Participation
Agreement. The Participation Agreement will include an acknowledgment by Participant that he or she is aware of and familiar with the restrictions in the Plan, that he or she has read and understood the Plan and Participation Agreement, that he or
she has had an opportunity to have the documents reviewed by legal counsel and that the Participation Agreement will constitute a legal, valid and binding agreement of Participant. 
  
 Section 5 – Contributions to the Plan 
  
 5.1 Participant’s Compensation Deferrals A Participant may elect to defer each year an amount of Compensation otherwise
payable to him or her as follows. A Participant may elect to defer up to 75% of his or her base salary and up to 100% of his or her Cash Bonus each year, and this election must be made by December 31 of the calendar year preceding the calendar
year in which the base salary and Cash Bonus are earned or at such other time as determined by the Administrator consistent with Section 409A of the Code. 
  

The election to defer shall be made in the form and manner determined by the Administrator. The total amount of Compensation that is deferred shall be considered as a
contribution by Participant to the Plan for that year. Additional Participant contributions are not permitted. 
  
 5.2 Initial Deferral Election In the first year in which an Employee becomes eligible to be a Participant in the Plan, such Employee may make a deferral election within the first 30 days after becoming
eligible to participate in the Plan or at such other time as determined by the Administrator consistent with Section 409A of the Code, which election shall be effective for amounts earned after the date of such election. 
  
 5.3 Company Contributions The Company, within its sole and absolute discretion,
may make contributions to the Accounts of any or all Plan Participants. Such contributions shall be subject to such terms and conditions as determined by the Company, including provisions regarding the vesting of such contributions. 
  
 5.4 Vesting of Contributions Amounts in Participants’ Accounts
representing Participant contributions and the earnings thereon shall be Vested at all times. Amounts in Participants’ Accounts representing Company contributions and the earnings thereon shall become Vested in accordance with any vesting
schedule established by the Company at the time of such contribution. 
  
 Section 6 – Participants’ Accounts. 
  
 6.1
Maintenance of Participants’ Accounts The Administrator shall maintain a separate Account for each Participant, to which shall be credited the Participant’s contributions and any increases or decreases in value determined
under Section 6.2. These Accounts shall be for recordkeeping purposes only and no actual funds will be deposited or set aside for any individual Participant or for the group of Participants as a whole. 

 6.2 Shadow Investment of Amounts Representing Participant Deferrals At the election of a Participant and
under rules adopted by the Administrator, a Participant’s Account shall be treated as if it had been used to purchase one or more specific investments and had participated in the income from and the growth or decline in value of such
investments. Each Participant will be required to choose the “shadow investments” for his or her Account from a list presented by the Administrator. All of the shadow investments shall be securities or mutual funds which are registered for
sale to investors in the United States and for which valuation quotations are readily available. Participants will be allowed to change such designated investments in the manner and frequency determined by the Administrator, which shall be no less
frequently than once each calendar quarter. Changes in value of the shadow investments shall be credited or charged to Participants’ Accounts as these changes occur. 
  
 If the Participant does not make an election under the previous paragraph, then for purposes of determining the balance in each
Participant’s Account, each Account shall be credited on a quarterly basis with a rate of interest set by the Company at the beginning of each Plan Year. 
  

Notwithstanding any other provision of this Plan that may be interpreted to the contrary, the shadow investments are to be used for measurement purposes only, and a
Participant’s election of any shadow investments and the calculation of additional amounts and the crediting or debiting of such amounts to a Participant’s Account shall not be considered or construed in any manner as an actual
investment of his or her Account in any such investment. In the event that the Company, in its sole discretion, decides to invest funds in any or all of the shadow investments, no Participant shall have any rights in or to such investment
themselves. Without limiting the foregoing, a Participant’s Account shall at all times be a bookkeeping entry only and shall not represent any actual Plan assets, any interest in Company assets, or any investment made on his or her behalf by
the Company. The Participant shall at all times remain an unsecured general creditor of the Company. 
  
 6.3 Statements of Participants’ Accounts The Administrator shall prepare or have prepared within a reasonable period of time after the end of each Plan Year a statement for each Participant of his
or her Account Balance and shall send such statement to the Participant. 
  
 Section 7 – Distributions 
  
 7.1 Distributions
from the Plan 
  
 (a) Notwithstanding Section 7.1(b)
or Section 7.2, a Participant’s Vested Account shall be distributed in a lump sum upon the first to occur of the Participant’s (1) Separation from Service, (2) death, or (3) Disability. 
  
 (b) Before the beginning of each Plan Year, a Participant may elect to have
amounts which will or may be contributed or credited to his or her Account in that Plan Year be distributed either (1) in a lump sum at a specified date, which must be at least 2 years after the December 31st of the year of deferral, or (2) in equal monthly installments beginning at a specified date, which must be at least 2
years after the December 31st of the year of deferral. 
  
 7.2 Subsequent Election to Extend Deferral If Participant has elected a
distribution at or beginning on a specified date pursuant to Section 7.1(b), or has made any subsequent election pursuant to this Section 7.2, then Participant can make a subsequent election to further delay that distribution, as long as
such subsequent election (1) is made at least 12 months before the previously elected distribution date or starting date, (2) may not take effect until at least 12 months following the date of the change election, and (3) the
additional deferral is for a minimum of five years beyond the distribution date previously chosen. There is no limit on the number of times a Participant can further defer a scheduled distribution, as long as (1) each such further deferral is
made at least 12 months in advance of the then-scheduled distribution date or starting date and (2) is for a period at least five years beyond the scheduled distribution date. Any election to defer a scheduled distribution must be made in a
manner consistent with Code Section 409A. 
  
 7.3 Payments to Specified
Employees In the case of any distribution to a Specified Employee, as that term is defined in Code Section 409A, resulting from a Separation from Service, to the extent required by Code Section 409A, any such distribution(s)
otherwise payable within six months from such Separation from Service shall be accumulated and paid on the first day of the seventh month following such date (or if earlier, the death of the participant). 
  
 7.4 Hardship Distributions In the event of Severe Financial Hardship, the
Participant may request that an amount no greater than his or her Vested Account Balance be paid to him or her in order to satisfy such financial need. Severe Financial Hardship shall have the meaning set forth in Code Section 409A(a)(2)(B)(ii)
and the guidance interpreting such Section. The amount of the distribution will be limited to the amount needed to satisfy the emergency plus taxes reasonably anticipated as a result of the distribution. Distribution will not be allowed to the
extent that the hardship may be relieved through reimbursement or compensation by insurance or otherwise, or by liquidation of the Participant’s assets (to the extent that such liquidation would not itself cause a Severe Financial Hardship).
Any request for a hardship distribution shall be considered by the Administrator, whose decision whether to grant such request shall be final. At the sole discretion of the Administrator, any Participant receiving a hardship distribution may not be
permitted to elect to defer any amount under this Plan for a period of one year from the date of such distribution (or such shorter period as determined by the Administrator in its sole discretion). The Participant shall not repay to the Company
amounts distributed pursuant to this Section 7.4. 
  
 7.5 Loans
Loans from the Plan are not permitted. 
  
 7.6 Distribution for
Minor Beneficiary In the event a distribution is to be made to a minor, then the Administrator may direct that such distribution be paid to the legal guardian, or if none, to a parent of such Beneficiary, or to the custodian of such
Beneficiary under the 

 Uniform Gift to Minors Act or Gift to Minors Act, if such is permitted by the laws of the state in which said Beneficiary
resides. Such a payment to the legal guardian, custodian or parent of a minor Beneficiary shall fully discharge the Company and Plan from further liability on account thereof. 
  
 7.7 Change in Control In the event of a Change in Control then, in the sole discretion of the Board of Directors of the
Company as it existed immediately prior to such Change in Control, and subject to Code Section 409A, the Plan may be terminated and the entire Account of each Participant be distributed in a lump sum as soon as reasonably possible. If the Board
of Directors does not terminate the Plan pursuant to the preceding sentence, the Company shall, no later than 30 days after the date of the Change in Control, pay into an irrevocable grantor trust described in Section 11.8 an amount so that the
trust’s assets equal the sum of all Participants’ Account Balances and shall continue to do so annually thereafter with respect to any additional amounts subsequently allocated to any Account, and distributions shall be paid pursuant to
the other provisions of this Section 7 without regard to such Change in Control. 
  
 Section 8 - Company-Owned Life Insurance (“COLI”) 
  
 8.1 The Company Owns All Rights. In the event that, in its sole discretion, the Company purchases a life insurance policy or policies insuring the life of any Participant to allow the Company to informally finance and/or
recover, in whole or in part, the cost of providing the benefits hereunder, neither the Participant nor any Beneficiary shall have any rights whatsoever therein. The Company shall be the sole owner and beneficiary of any such policy or policies and
shall possess and may exercise all incidents of ownership therein. 
  
 8.2
Participant Cooperation. If the Company decides to purchase a life insurance policy or policies on any Participant, the Company will so notify such Participant. Such Participant shall consent to being insured for the benefit of the
Company and shall take whatever actions may be necessary to enable the Company to timely apply for and acquire such life insurance and to fulfill the requirements of the insurance carrier relative to the issuance thereof as a condition of
eligibility to participate in the Plan. 
  
 8.3 Participant
Misrepresentation. If: (a) any Participant is required by this Plan to submit information to any insurance carrier; and (b) the Participant makes a material misrepresentation in any application for such insurance; and (c) as a
result of that material misrepresentation the insurance carrier is not required to pay all or any part of the proceeds provided under that insurance, then the Participant’s (or the Participant’s Beneficiary’s) rights to any benefits
under this Plan may be, at the sole discretion of the Company, reduced to the extent of any reduction of proceeds that is paid by the insurance carrier because of such material misrepresentation. 
  
 8.4 Suicide. Notwithstanding any other term or provision of the Plan or
this Agreement, if a Participant dies by reason of suicide and if the Company’s receipt of insurance proceeds is as a result reduced, then the Participant’s (or the Participant’s Beneficiary’s) rights to any benefits under this
Plan may be, at the sole discretion of the Company, reduced to the extent of any reduction of proceeds that is paid by the insurance carrier. 
  
 Section 9 - Administrator 
  
 9.1 Resignation. The Administrator may resign at any time by written notice to the Board, which shall be effective thirty (30) days after receipt of
such notice unless the Administrator and the Board agree otherwise. 
  
 9.2
Removal. The Administrator may be removed by the Board on thirty (30) days notice or upon shorter notice accepted by the Administrator. 
  
 9.3 Appointment of Successor. If the Administrator resigns or is removed, a successor shall be appointed, in accordance with Section 9.4, by the
effective date of resignation or removal under this Section 9. If no such appointment has been made, the Administrator may apply to a court of competent jurisdiction for appointment of a successor or for instructions. All expenses of the
Administrator in connection with the proceeding shall be allowed as administrative expenses of the Company. 
  
 9.4 Successor Administrator. If the Administrator resigns or is removed in accordance with Section 9.1 or 9.2, the Board may appoint any third party as successor Administrator. The appointment shall
be effective when accepted in writing by the new Administrator. The new Administrator shall have all of the rights and powers of the former Administrator. 
  
 Section 10 – Amendment/Termination 
  
 10.1 Amendment. The Company shall have the right at any time to amend or terminate this Plan at any time to comply with Code Section 409A or for any
other reason. However, except to the extent required for the Plan to comply with Code Section 409A or other applicable law, no amendment shall be effective so as to reduce the amount of any amount already credited to Participant’s Account,
or to delay the payment of any amount to a Participant beyond the time that such amount would be payable without regard to such amendment. In addition, if the Plan is terminated, to the extent permissible under Code Section 409A, all benefits
shall be distributed to Participants as of the effective date of such termination (or at such other time as permitted by Code Section 409A). 
  
 Section 11 - Miscellaneous 
  
 11.1 Nonalienation of Benefits. No right or benefit under this Plan shall be subject to anticipation, alienation, sale, assignment, pledge, encumbrance, or
charge, and any attempt to anticipate, alienate, sell, assign, pledge, encumber, or charge any right or benefit under 

 this Plan or any Participation Agreement shall be void. No such right or benefit shall in any manner be liable for or
subject to the debts, contracts, liabilities or torts of the person entitled thereto. No amount of the benefit will, prior to payment, be subject to garnishment, attachment, execution or levy of any kind, and will not be transferable by operation of
law in the event of the bankruptcy, insolvency or death of the employee. If a Participant or any Beneficiary hereunder shall become bankrupt, or attempt to anticipate, alienate, sell assign, pledge, encumber, or charge any right hereunder, then such
right or benefit shall, in the sole discretion of the Company, cease and terminate, and in such event, the Company may hold or apply the same or any part thereof for the benefit of the Participant or his or her Beneficiary, spouse, children, or
other dependents, or any of them in such manner and in such amounts and proportions as the Company may deem proper. Notwithstanding the foregoing, benefits hereunder may be assigned to a former spouse pursuant to a qualified domestic relations order
(as defined in Code Section 414(p)). 
  
 11.2 Unsecured
Liability. The obligation of the Company to make payments hereunder to a Participant shall constitute an unsecured liability of the Company. Such payments shall be made from the general funds of the Company and the Company shall not be
required to establish or maintain any special or separate fund, to purchase or acquire life insurance on a Participant’s life, or otherwise to segregate assets to assure that such payments shall be made. Neither a Participant nor any other
person shall have any interest in any particular asset of the Company by reason of its obligations hereunder and the right of any of them to receive payments under this Plan shall be no greater than the right of any other unsecured general creditor
of the Company. Nothing contained in the Plan shall create or be construed as creating a trust of any kind or any other fiduciary relationship between the Company and a Participant or any other person. 
  
 11.3 No Contract of Employment. This Plan shall not be deemed to constitute a
contract between the Company and any Participant or to be a consideration or an inducement for the employment of any Participant or Employee. Nothing contained in this Plan shall be deemed to give any Participant or Employee the right to be retained
in the service of the Company or to interfere with the right of the Company to discharge any Participant or Employee at any time regardless of the effect which such discharge shall have upon him or her as a Participant of this Plan. 
  
 11.4 Designation of Beneficiary. Each Participant shall file with the Company a
notice in writing, in a form acceptable to the Company, designating one or more Beneficiaries to whom payments becoming due by reason of or after his or her death shall be made. Participants shall have the right to change the Beneficiary or
Beneficiaries so designated from time to time; provided, however, that no such change shall become effective until received in writing and acknowledged by the Company. 
  
 11.5 Payment to Incompetents. The Company shall make the payments provided herein directly to the Participant or Beneficiary
entitled thereto or, if such Participant or Beneficiary has been determined by a court of competent jurisdiction to be mentally or physically incompetent, then payment shall be made to the duly appointed guardian or other authorized representative
of such Participant or Beneficiary. The Company shall have the right to make payment directly to a Participant or Beneficiary until it has received actual notice of the physical or mental incapacity of such Participant or Beneficiary and actual
notice of the appointment of a duly authorized representative of his or her estate. Any payment to or for the benefit of a Participant or Beneficiary shall be a complete discharge of all liability of the Company therefore. 
  
 11.6 Interpretation. The interpretation and construction of the Plan by the
Administrator, and any action taken hereunder, shall be binding and conclusive upon all parties in interest prior to a Change in Control. No officer or employee of the Company shall be liable to any person for any action taken or omitted to be taken
in connection with the interpretation, construction or administration of the Plan, so long as such action or omission be made in good faith. 
  
 11.7 Authority to Appoint a Committee. The Board, within its sole discretion, shall have the authority to appoint a committee of not less than three
(3) of its members, which shall have authority over the Plan in lieu of the entire Board. 
  
 11.8 Authority to Establish a Trust. The Company shall have the right at any time to establish a trust to which the Company may transfer from time to time certain assets to be used by the trustee(s) to
satisfy some or all of the Company ‘s obligations and liabilities under the Plan. All assets held by such trust shall be subject to the claims of the Company’s creditors in the event of the Company’s Insolvency (as defined herein).
The Company shall be considered “Insolvent” for purposes of the trust if: (a) the Company is unable to pay its debts as they become due; or (b) the Company is subject to a pending proceeding as a debtor under the United States
Bankruptcy Code. 
  
 11.9 Binding Effect. Obligations incurred by
the Company pursuant to this Plan shall be binding upon and inure to the benefit of the Participant, his or her Beneficiaries, personal representatives, heirs, and legatees. 
  
 11.10 Entire Plan. This document and any amendments hereto contain all the terms and provisions of the Plan and shall
constitute the entire Plan, any other alleged terms or provisions being of no effect. 
  
 11.11 Merger, Consolidation or Acquisition. The provisions of this Plan shall bind and inure to the benefit of the Company and its successors and assigns and the Participant and the Participant’s designated Beneficiaries.

  
 11.12 Withholding of Taxes. The Company shall have the right to
require Participants to remit to the Company an amount sufficient to satisfy Federal, state, and local withholding tax requirements, or to deduct from all payments made pursuant to the Plan (or from a Participant’s other compensation) amounts
sufficient to satisfy withholding tax requirements. Employment taxes with respect to amounts deferred hereunder shall be payable in accordance with Code Section 3121(v)(2) and may be withheld from a Participant’s compensation if due prior
to the time of a distribution hereunder. The Company makes no representations, warranties, or assurances and assumes no responsibility as to the tax consequences of this Plan or participation herein. 

 Section 12 - Construction 
  
 12.1 Construction of this Plan. This Plan shall be construed and enforced according to the laws of the State of California,
other than its laws respecting choice of law. 
  
 12.2 Gender and
Number. The masculine gender, where appearing in the Plan, shall be deemed to include the feminine gender, and the singular shall include the plural, unless the context clearly indicates to the contrary. 
  
 12.3 Headings. All headings used in this Plan are for convenience of reference
only and are not part of the substance of this Plan. 
  
 12.4
Enforceability. If any term or condition of this Plan shall be invalid or unenforceable to any extent or in any application, then the remainder of the Plan, and such term or condition except to such extent or in such application, shall
not be affected thereby, and each and every term and condition of the Plan shall be valid and enforced to the fullest extent and in the broadest application permitted by law. 
  
 12.5 Uniformity. All provisions of this Plan shall be interpreted and applied in a uniform, nondiscriminatory manner. In the
event of any conflict between the terms of this Plan and any summaries or other descriptions of this Plan, the Plan provisions shall control. 
  
 IN WITNESS WHEREOF, this Plan, having been duly approved and adopted by Openwave Systems Inc., is executed by a duly authorized officer of the Company. 
  

			
	Openwave Systems Inc.
		
	 By:
	 	  

	 Name:
	 	  

	 Title:Separation and General Release Agreement

 Exhibit 10.1 
  
 SEPARATION AND GENERAL RELEASE AGREEMENT 
  
 This Separation and General Release Agreement (the “Agreement”) is entered into as of this 10th day of January, 2006 between Robert A. Boyce (“Executive”) and UAP Distribution, Inc. (“the Company”).

  
 WHEREAS, Executive was employed as President, Verdicon
at the Company; and 
  
 WHEREAS, the Company desires to
terminate Executive’s employment with the Company, and Executive and the Company mutually desire to set forth the parties’ rights and obligations upon such termination. 
  
 NOW, THEREFORE, in consideration of the covenants, promises, releases, and payments set forth herein,
Executive and the Company each agree to the following terms, conditions, and releases: 
  
 1. Termination. Executive’s employment with the Company and its parents, subsidiaries and affiliated businesses in any other capacity, is hereby terminated effective October 18, 2005 (the
“Termination Date”). For purposes of clarity, Executive irrevocably resigns effective as of the Termination Date from each and every office and position (including, without limitation, as a director) he has held at any time with the
Company, UAP Holding Corp. (“UAPH”), United Agri Products, Inc. (“UAP”), or any of their respective parents, subsidiaries or affiliates. Except as otherwise provided in this Agreement, all benefits of employment will cease as of
the Termination Date. 
  
 2. Acknowledgement of Payment of all
Wages. Except for those obligations arising out of this Agreement for which receipt has not been acknowledged, and except as expressly provided below in this Section 2, Executive acknowledges that he has received from the Company, UAPH,
UAP, and each of their respective parents, subsidiaries, and affiliates, all amounts owed for his regular and usual salary (including, but not limited to, any severance, bonus, commissions, deferred compensation (including, without limitation,
deferred UAPH stock) or other wages), incentive compensation (including, without limitation, under any and all equity incentive plans and agreements of or with the Company or UAPH including, without limitation, UAPH stock options, restricted stock,
stock units, and stock appreciation rights), and benefits through the Termination Date (except for Executive’s base salary from the Company at his existing rate for the period from the start of pay period currently in effect through the
Termination Date, and his accrued but unused vacation through the Termination Date of approximately 20 days, which will be paid by the Company in Executive’s final pay check on the next regularly scheduled Company pay date). 
  

	 	a.	 Stock Options. As of the date of this Agreement, Executive holds vested options issued under the UAP Holding Corp. 2003 Stock Option Plan (the “Stock
Option Plan”) which entitle Executive to acquire 332,483 shares of UAPH common stock (the “Stock Options”). Pursuant to Executive’s Nonqualified Stock Option Agreement dated as of November 23, 2003 (the “Option
Agreement”), to the extent Executive desires to exercise such Stock Options he must do so before the 90th day following the Termination Date, or such options will terminate and 

	 	 
become null and void and Executive will have no further rights with respect thereto or in respect thereof. For purposes of clarity and without limiting the
generality of the first paragraph of this Section 2, Executive has no further rights or interests in or with respect to any stock options or other equity-based awards granted by the Company, UAP or UAPH other than such Stock Options and the
deferred compensation payment referred to in Section 2.b below. 

  

	 	b.	Deferred Compensation. Executive is entitled to a distribution from the UAP Holding Corp. 2003 Deferred Compensation Plan (the “DCP”) on or as soon as reasonably
practical after the Termination Date equal to 219,859 shares of UAPH common stock, subject to tax withholding. 

  

	 	c.	Restricted Stock Units. The restricted stock units awarded to Executive under the UAPH 2004 Long-Term Incentive Plan (the “LTIP”) shall terminate on the Termination
Date and Executive shall have no further rights or interest in or with respect to such units; except that any dividend equivalents accumulated with respect to such units during 2005 and on or before the Termination Date shall be paid to Executive in
January 2006 in accordance with the terms of the award. 

  

	 	d.	 Restrictions on Sale of Stock and Other Provisions. Any shares of UAPH common stock that Executive may hold or in the future acquire (including, without
limitation, upon exercise of the Stock Options or in connection with the benefit payment from the DCP referred to in Section 2.b above) are (except as expressly provided in Section 3.c below) subject to any and all resale and other
restrictions set forth in the Management Incentive Agreement (“MIA”) to which Executive is a party, the Stock Option Plan, the DCP, and the UAPH insider trading policy, and any sale of such shares is further subject to compliance with all
applicable laws and regulations (including, without limitation, Federal securities law requirements and insider trading restrictions). Executive agrees to satisfy any and all tax withholding obligations arising in connection with the exercise of the
Stock Options and the benefit payment from the DCP as required or contemplated, as the case may be, by the applicable provisions of the Stock Option Plan, the DCP, and the MIA. Executive agrees that UAPH shall have no obligation (to issue or deliver
any shares of its common stock or otherwise) in respect of an exercise of the Stock Options or the benefit payment from the DCP unless and until it has received in cash from Executive the amount of taxes required to be withheld with respect to such
exercise or payment, as applicable, or Executive has otherwise entered into arrangements satisfactory with UAPH to provide for such withholding. From the date hereof through October 17, 2006, Executive agrees that any and all UAPH securities
that he is otherwise permitted to sell and desires to sell must be sold to and through arrangements with Goldman Sachs and that he will not otherwise sell, assign, transfer, pledge or otherwise dispose of, alienate or encumber, either voluntarily or
involuntarily, any UAPH securities or any interest therein (except a transfer upon his death to his estate or beneficiaries pursuant to his will or the laws of descent and distribution, which transferee shall take such securities subject to the same
transfer restrictions). Any certificates UAPH issues representing shares of UAPH stock subject to the 

  

 -2- 

	 	 
foregoing transfer restrictions will be legended, to the extent UAPH determines to be necessary or advisable, to evidence such limitations.

  
 3. Consideration. Provided that
Executive executes this Agreement, (i) is not in breach or default of this Agreement, and (ii) complies with all of his obligations under this Agreement, the Company agrees to do the following: 
  

	 	a.	Salary Continuation. The Company agrees to pay Executive a salary continuation as severance pay of TEN THOUSAND SEVEN HUNDRED SIXTY NINE DOLLARS AND TWENTY THREE CENTS
($10,769.23), less standard withholding and authorized deductions, bi-weekly in accordance with the Company’s usual pay practices for a period of thirty five (35) weeks commencing with the Termination Date (the “Salary Continuation
Period”). For purposes of clarity, the maximum aggregate amount to be paid by the Company to Executive pursuant to this Section 2.a is ONE HUNDRED EIGHTY EIGHT THOUSAND FOUR HUNDRED SIXTY ONE DOLLARS AND FIFTY TWO CENTS ($188,461.52)
(which reflects the total salary continuation for 35 weeks). 

  

	 	b.	Benefit Continuation. Executive will be offered COBRA in accordance with COBRA and the regulations thereunder. If Executive elects COBRA, during the Salary Continuation
Period, his COBRA premiums shall be the same as the active rates for the coverage he had for himself and his covered dependents immediately prior to the Termination Date. For any period following the Salary Continuation Period during which the
Executive remains covered by COBRA, he shall be required to pay 100% of the applicable COBRA premiums. In all cases, coverage will terminate at the earliest time permitted under COBRA. 

  

	 	c.	Exercise of Stock Options. UAPH has approved, as an exception to the restrictions on the transfer of UAPH securities set forth in Section 1.1 of the MIA, the sale by
Executive in connection with the exercise of the Stock Options a sufficient number of shares of UAPH common stock to pay the exercise price of such Stock Options or to otherwise satisfy any applicable financing of such exercise price; provided that
such sale of UAPH common stock must be made to and through arrangements with Goldman Sachs as contemplated by Section 2.d. Such exception shall take effect on the date that this Agreement becomes irrevocable by Executive pursuant to applicable
law. 

  

	 	d.	 Piggy Back Rights. In the event that one or more Non-Apollo Group Holders’ (as defined in the MIA) accounts under the DCP are distributed and able to be
sold pursuant to Section 1.2(b) of the MIA, UAPH has approved, as an exception to the restrictions on transfer of UAPH securities set forth in Section 1.1 of the MIA, the sale by Executive pursuant to Article VII and Section 1.2(b) of
the MIA, of that number of shares of UAPH common stock that the Executive would have been able to sell had Executive been an employee of UAP Distribution, Inc. on the date of such distribution. For the purposes of this paragraph, Executive will be
considered to have an account under the DCP equal to that number of UAPH common stock directly attributable to his account under the DCP less (i) those 

  

 -3- 

	 	 
shares of UAPH common stock previously released from the restrictions contained in Section 1.1 of the MIA pursuant to Section 1.2(e) of the MIA,
and (ii) those shares of UAPH common stock available for sale pursuant to Section 1.2(c)(i) of the MIA, provided that such shares of common stock first shall be considered to be shares of UAPH common stock issued upon the exercise of
Executive’s Stock Option, if Executive chooses to exercise his Stock Option, prior to decreasing the number of shares of UAPH common stock attributable to Executives account under the DCP as provided in this paragraph.

  
 4. Release. 
  
 a. General Release. Except for obligations arising
out of or created by this Agreement, Executive hereby acknowledges complete satisfaction of and hereby releases, absolves, discharges, and covenants not to sue the Company and its past and present parent, successors, assigns, subsidiaries,
divisions, affiliated corporations, trustees, directors, officers, shareholders, agents, employees, representatives, attorneys and insurers (including, without limitation, UAP and UAPH) (collectively referred to herein as “Releasees”),
from any and all claims, demands, liens, agreements, contracts, covenants, actions, suits, causes of action, wages, obligations, debts, expenses, attorneys’ fees, damages, judgments, penalties, orders and liabilities of whatever kind or nature
in law, equity or otherwise, whether now known or unknown, suspected or unsuspected, and whether or not concealed or hidden, which Executive now has, had, or may have against said Releasees, or any of them, from the beginning of time through the
date of this Agreement, including specifically but not exclusively and without limiting the generality of the foregoing, any and all claims, demands, liens, agreements, obligations, contracts, covenants, actions, suits, causes of action, wages,
debts, expenses, attorneys’ fees, damages, judgments, orders, and liabilities: (1) arising out of or in any way connected with any transactions, occurrences, acts or omissions set forth, or facts alleged, in any and all charges,
complaints, claims or pleadings filed by Executive against any Releasee prior to the date hereof with any city, county, state or federal agency, commission, office or tribunal whatsoever; (2) arising out of or relating in any way to
Executive’s employment with and/or termination from the Company; or (3) arising out of or in any way connected with any transactions, occurrences, acts or omissions occurring prior to the date hereof, including specifically without
limiting the generality of the foregoing, any claim under Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act (“ADEA”), the Americans with Disabilities Act, or any claim for severance pay, bonus, sick leave,
holiday pay, vacation pay, life insurance, health and medical insurance or any other fringe benefit, or disability. 
  
 b. Release of ADEA Claims: Executive expressly acknowledges and agrees that, by entering into this Agreement, Executive is waiving
any and all rights or claims that he may have arising under the Age Discrimination in Employment Act of 1967, as amended, which have arisen on or before the date of execution of this Agreement. Executive also expressly acknowledges and agrees that:

  

	 	i.	In return for this Agreement, Executive will receive consideration, i.e., something of value, beyond that to which he was already entitled before entering into this Agreement;

  

 -4- 

	 	ii.	Executive is hereby advised in writing by this Agreement to consult with an attorney before signing this Agreement; 

  

	 	iii.	When given a copy of this Agreement, Executive was informed that he had 21 days within which to consider it; and 

  

	 	iv.	Executive was informed that he has seven (7) days following the date he executes the Agreement in which to revoke it. 

  
 c. Waiver of Unknown or Unsuspected Claims. This
Agreement is intended to be effective as a general release of and bar to all claims as stated above. Executive acknowledges that he later may discover claims or facts in addition to or different from those which Executive now knows or believes to
exist with respect to the subject matter of this Agreement and which, if known or suspected at the time of executing this Agreement, may have materially affected its terms. Nevertheless, Executive hereby waives any claims that might arise as a
result of such different or additional claims or facts and waives any rights conferred by any statute relating to unknown or unsuspected claims. 
  
 5. Denial of Liability. This Agreement does not constitute an admission by the Company of any violation of federal, state or local law, ordinance
or regulation or of any violation of the Company’s policies or procedures or of any liability or wrongdoing whatsoever. Neither this Agreement nor anything in this Agreement shall be construed to be or shall be admissible in any proceeding as
evidence of liability or wrongdoing by the Company. This Agreement may be introduced, however, in any proceeding to enforce the Agreement. Such introduction shall be pursuant to an order protecting its confidentiality. 
  
 6. Workers’ Compensation. Executive warrants and represents that
he has not suffered any workplace injury during his employment with the Company or any of its parents, subsidiaries, or affiliates. Executive warrants and represents that he has not filed a claim for workers’ compensation benefits with any
state agency related to his employment with the Company or any of its parents, subsidiaries, or affiliates. 
  
 7. Warranty Regarding Non-Assignment. Executive warrants and represents that he has not assigned or transferred to any person not a party to this
Agreement any released matter or any part or portion thereof. Executive shall defend, indemnify and hold the Company and each of the other Releasees harmless from and against any claim (including the payment of attorneys’ fees and costs whether
or not litigation is commenced) based on or in connection with or arising out of any such assignment or transfer made, purported or claimed. 
  
 8. Termination of Relationship. Executive and the Company acknowledge that any employment or contractual relationship between them terminated on
the Termination Date, and that they have no further employment or contractual relationship as of the date hereof except as may arise out of this Agreement and except for the Non-Integrated Documents to the extent provided in Section 15.
Executive agrees that as of the Termination Date he was not a party to and had no rights under any other contract with any parent, subsidiary or other affiliate of UAP, except for the Non-Integrated Documents to the extent provided in
Section 15. 
  

 -5- 

 9. Warranty Regarding Taxes. Executive shall be exclusively liable for the payment of any federal
and state taxes which may be due as the result of the consideration received pursuant to and the other benefits contemplated by this Agreement. In addition, Executive hereby agrees fully to defend, indemnify and hold Releasees harmless from payment
of taxes, interest, penalties, damages and/or attorneys’ fees that are incurred or required of them by any government agency at any time as the result of payment of the consideration set forth in and other benefits contemplated by this
Agreement. Executive has not relied upon any advice from Releasees and/or their attorneys as to the taxability of the payment hereunder or other benefit contemplated hereby, whether pursuant to federal, state or local income tax statutes or
otherwise. Executive acknowledges that Releasees and their respective attorneys and tax advisors do not make and have not made any representations regarding the taxability of any payment or other benefit to Executive, and Executive has not relied
upon any representation or advice by Releasees or any of their respective attorneys and tax advisors. 
  
 10. Return of the Company Property and Information. Executive warrants and represents that he has returned to the Company, all property of the
Company and its parents, subsidiaries, and affiliates, including but not limited to (i) any records reflecting Proprietary Information or copies thereof, whether or not originated by the Company or any of its parents, subsidiaries, or
affiliates, and (ii) keys, tapes, cellular telephones, computers, electronic files or other materials. Records reflecting Proprietary Information include, but are not limited to, all memoranda, notes, records, reports, manuals, drawings,
blueprints, customer lists, employee lists, investor lists, software programs, rolodexes, address books, notebooks, and any other documents of a confidential nature belonging to the Company, its parents, subsidiaries and affiliates, or any of them,
or reflecting Proprietary Information of the Company, its parents, subsidiaries, and affiliates, or any of them, including all copies of such materials that Executive may have in his possession or under his control. Executive agrees to expunge any
computer software and files containing the Proprietary Information of the Company, its parents, subsidiaries, and affiliates, or any of them, that are in electronic form from any personal computer, word-processor or other similar device that is
within his possession and control regardless of whether it may be at home or otherwise. For purposes of this Agreement, “Proprietary Information” shall include the Company’s modes and methods of conducting its business and marketing
activities, its trade secrets, customer lists, investor lists, vendor lists, copyrighted and non-copyrighted or non-protected computer software programs, techniques of operation, financial structure and information, inventions, improvements,
technical developments, trademarks, designs, formulae, processes, computer programs, know-how, techniques, data, discoveries, copyrightable works, business plans and other information or documents regarding the business or technology of the Company,
whether or not developed or created by the Company. Proprietary Information shall also include any of the above-described information with respect to any parent, subsidiary or affiliate of the Company. 
  
 11. Proprietary Information and Assignment. Executive acknowledges
that by reason of his position with the Company and its affiliates, he has been given access to Proprietary Information. Executive represents that he has held all such information confidential and will continue to do so, and that he will not use
such information for any purpose or otherwise disclose such information in any way without the express prior written consent of an officer of the Company, unless and to the extent that disclosure of such information is compelled by subpoena or other
court order. Executive agrees to notify the General Counsel for the Company within a 

  

 -6- 

 
reasonable period of time after he has learned of such subpoena or other court order. For the purposes of this Agreement, “reasonable period of
time” means sufficiently in advance of the date on which Executive must respond to such subpoena or other court order to allow the Company to intervene to challenge or quash such subpoena or other court order. Without limiting the generality of
the foregoing, Executive shall remain bound by that certain Employee Agreement signed by Executive on June 18, 1990 (“Invention Agreement”), a copy of which is attached hereto as Exhibit A. 
  
 12. Nondisparagement. Executive agrees that he shall not make
any disparaging remarks, or any remarks that could reasonably be construed as disparaging, orally or in writing, regarding the Company, its parent, subsidiaries, or affiliates, or any of their respective officers, directors, trustees, employees,
affiliates, or shareholders in any manner that is intended to be harmful to them or their business, business reputation or personal reputation, including but not limited to statements to the public, the media and former and present employees of the
Company, its parents, subsidiaries, and affiliates or causing anyone else to take any action or provide information including but not limited to statements to the public, the media and former and present employees of the Company, its parents,
subsidiaries, and affiliates. Company agrees that it shall not make any disparaging remarks, or any remarks that could reasonably be construed as disparaging, orally or in writing, regarding the Executive in any manner that is intended to be harmful
to him or his business, business reputation or personal reputation, including but not limited to statements to the public or the media or causing anyone else to take any action or provide information including but not limited to statements to the
public or the media. 
  
 13. Soliciting Customers.
Executive promises and agrees that he will not, for a period of one year after the Termination Date, influence or attempt to influence any customers of the Company or any of its parents, subsidiaries, or affiliates, either directly or indirectly, to
divert their business to any business, individual, partnership, firm, corporation or other entity which is currently or at that particular point in time in competition with (or has plans to engage in business which would be in competition with) the
business of the Company or any of its parents, subsidiaries, or affiliates. (For purposes of this Separation Agreement, a business in competition with the Company or any of its parents, subsidiaries, or affiliates will be deemed to include (without
limiting any other business in competition with the Company or any of its parents, subsidiaries, or affiliates) any business which is engaged in the distribution of agricultural and non-crop inputs (including, without limitation, chemicals, seeds
and fertilizers to growers and/or regional dealers), crop management, crop biotechnology advisory services, custom blending, crop inventory management, and/or custom applications of crop inputs, or any combination thereof, in the United States
and/or Canada.) Executive acknowledges and agrees that this restriction is necessary in order for the Company and its parents, subsidiaries, and affiliates to preserve and protect its and their legitimate proprietary interest in the Proprietary
Information to which Executive has had access. 
  
 14.
Soliciting Employees. Executive promises and agrees that he will not, for a period of one year after the Termination Date, directly or indirectly solicit any employee of the Company or any of its parents, subsidiaries, or affiliates who
earned annually $25,000 or more as an employee of such entity during the last six months of his or her own employment to work for any business, individual, partnership, firm, corporation or other entity. 
  

 -7- 

 15. Integration Clause. This Agreement (including the attached exhibits) constitutes and contains
the entire agreement and final understanding concerning Executive’s employment with and termination from the Company and the other subject matters addressed herein between the parties. This Agreement is intended by the parties as a complete and
exclusive statement of the terms of their agreement. Except as to the Non-Integrated Documents, this Agreement supersedes and replaces all prior negotiations and all agreements proposed or otherwise, whether written or oral, concerning the subject
matter hereof. Any representation, promise or agreement not specifically included in this Agreement or the Non-Integrated Documents shall not be binding upon or enforceable against either party. This Agreement, along with the Non-Integrated
Documents, is a fully-integrated agreement. The Non-Integrated Documents are the following: (1) the Invention Agreement; (2) the MIA, but only as to the Executive’s obligations thereunder, UAPH’s rights thereunder, and the
applicable restrictions imposed thereunder on any shares of UAPH stock held by Executive; (3) the applicable provisions of the Stock Option Plan and the Option Agreement as to the Stock Options; (4) the applicable provisions of the DCP as
to Executive’s benefit thereunder as referred to in Section 2.b; and (5) the applicable provisions of the LTIP and Executive’s Restricted Stock Unit Award Agreement as to the dividend equivalents payable to him in January 2006 as
contemplated by Section 2.c. 
  
 16. Severability. If
any provision of this Agreement or the application thereof is held invalid, the invalidity shall not affect other provisions or applications of the Agreement which can be given effect without the invalid provisions or application and to this end the
provisions of this Agreement are declared to be severable. 
  
 17.
Choice of Law. This Agreement shall be deemed to have been executed and delivered within the State of Texas, and the rights and obligations of the parties hereunder shall be construed and enforced in accordance with, and governed by, the laws
of the State of Texas without regard to principles of conflict of laws. 
  
 18. Drafting of Agreement. Each party has cooperated in the drafting and preparation of this Agreement. Hence, in any construction to be made of this Agreement, the same shall not be construed against any party on the basis that the
party was the drafter. 
  
 19. Counterparts. This Agreement
may be executed in counterparts, and each counterpart, when executed, shall have the efficacy of a signed original. Photographic and facsimile copies of such signed counterparts may be used in lieu of the originals for any purpose. 
  
 20. Non-Waiver; Amendment. No waiver of any breach of any term or
provision of this Agreement shall be construed to be, or shall be, a waiver of any other breach of this Agreement. No waiver shall be binding unless in writing and signed by the party waiving the breach. No modification of this Agreement shall be
binding upon the party against which such modification is asserted unless signed in writing by that party. 
  
 21. Representation. In entering into this Agreement, the parties represent that they have obtained the advice of their attorneys, who are attorneys
of their own choice, and that the terms of this Agreement have been completely read and explained to them by their attorneys, and that those terms are fully understood and voluntarily accepted by them. Executive represents and acknowledges that he
is not required, nor has he been encouraged, to purchase or sell any shares 

  

 -8- 

 
of UAPH stock, or to exercise or exercise any options, and that if he chooses to sell shares of UAPH stock to cover tax withholding obligations or the
exercise price of any options (to the extent he is otherwise permitted to do so), and if he chooses to exercise any options, he does so at his own discretion. 
  

22. Warranty of No Pending Actions. Executive represents and agrees that he has neither filed nor authorized the filing on his behalf of any
claims against any of the Releasees with any state, federal, or local agency or court or in any other forum or tribunal with respect to anything that has happened up through the date of this Agreement. Should any government agency or other third
party pursue any actions or other claims on Executive’s behalf, Executive hereby agrees to waive any right to recovery or monetary award from such actions or proceedings, except to the extent, if any, such waiver is prohibited by law.

  
 23. Cooperation. All parties agree to cooperate fully
and to execute any and all supplementary documents and to take all additional actions that may be necessary or appropriate to give full force to the basic terms and intent of this Agreement and which are not inconsistent with its terms. 

 
 24. Business Assistance. During the Salary Continuation Period,
Executive agrees to make himself reasonably available to the Company, without additional payment, to provide assistance and information to the Company concerning any Company matter of which he is knowledgeable as a result of his employment with the
Company. 
  
 25. Litigation Assistance. Executive agrees to
notify the Company’s General Counsel within a reasonable period of time after he has learned of any subpoena or other court order seeking to compel his testimony in any proceeding involving the Company. Executive also agrees to cooperate with
the Company in any actual or threatened litigation that arises against or brought by the Company that relates to, or involves, Executive’s employment with the Company, including but not limited to participating in interviews with the
Company’s counsel to assist the Company in any such litigation. Executive shall not assist, cooperate or otherwise participate in the assertion of any claims of any kind against the Company by any other person or entity, provided,
however, that it shall not be a breach of this provision for Executive to testify truthfully if compelled by subpoena or other court order. 
  
 26. Headings. The headings in this Agreement are for convenience of reference only and shall not define or limit any of the terms or provisions of
this Agreement. 
  
 27. Attorneys’ Fees. If either
party commences any litigation or other legal proceedings relating to or to interpret or enforce the terms of this Agreement, the substantially prevailing party, in addition to any other relief awarded by the court, shall be awarded its reasonable
attorneys’ fees, costs and expenses incurred in such proceeding. 
  
 28. Third Party Beneficiaries. UAPH, UAP and each of the other Releasees are third party beneficiaries of this Agreement. 
  
 [Signatures to follow on next page.] 
  

 -9- 

 I have read the foregoing Agreement. I accept and agree to the provisions it contains and hereby execute it voluntarily
with full understanding of its consequences. 
  

									
	 	 	 	 	“Executive”
			
	 	 	 	 	 ROBERT A. BOYCE

				
	 	 	 Dated: 1/10/06
	 	 	 	 /S/ ROBERT A. BOYCE

			
	 	 	 	 	“The Company”
			
	 	 	 	 	 UAP DISTRIBUTION, INC.

					
	 	 	 Dated: 1/10/06
	 	 	 	 By:
	 	 /S/ KENT MCDANIEL

	 	 	 	 	 	 	 Its:
	 	 VICE PRESIDENT

  

 -10- 

 ACKNOWLEDGMENT AND WAIVER 
  
 I, Robert A. Boyce, hereby acknowledge that I was given 21 days to consider the foregoing Agreement and voluntarily chose to
sign the Agreement prior to the expiration of the 21-day period. 
  
 I declare under penalty of perjury under the laws of the State of Texas that the foregoing is true and correct. 
  
 EXECUTED this 10 day of January 2006, at Dallas County, Texas. 
  

	
	
	 /S/ ROBERT A. BOYCE

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