THIS CONSULTING AGREEMENT (the “Agreement”) is made and entered into this ______ day of
_________, ______, by and between AGCO CORPORATION , a Delaware corporate (“Company”), and
Norman L. Boyd , a U.S. resident (“Consultant”).
WHEREAS , Company desires to retain Consultant to provide certain services to Company, and Consultant
desires to provide such services to Company, all subject to and in accordance with the terms and conditions
NOW, THEREFORE, FOR AND IN CONSIDERATION of the premise, the mutual promises,
covenants and agreements contain herein, and other good and valuable consideration, the receipt and sufficiency
of hereby acknowledged, the parties hereto hereby agree as follows:
1. Services . Subject to the terms and conditions set forth in this Agreement, Company hereby retains
Consultant to provide to Company certain consulting services as required by the Chief Executive Officer from
time to time (the “Services”), and Consultant agrees to render the Services to Company. Consultant shall perform
the Services upon the specific request of, and in accordance with the directions of, Company in each instance.
Company may assign this Agreement to any wholly owned affiliate it so designates.
2. Obligations of Consultant . In his performance of the Services hereunder, Consultant shall at all times
comply with and abide by the terms and conditions set forth in this Agreement and all applicable policies and
procedures of Company. Consultant shall further perform the Services in accordance with all applicable laws,
rules and regulations and by following and applying the highest professional guidelines and standards.
3. Compensation . Subject to the terms and conditions set forth in this Agreement, and as full and complete
compensation for the Services, Company shall pay to Consultant, and Consultant shall accept, an annual fee of
$200,000.00 each year during the Term. Each annual fee