Exhibit 10.1

EXECUTION COPY

AMENDMENT NO. 1

Dated as of December 20, 2010

to

CREDIT AGREEMENT

Dated as of August 23, 2010

THIS AMENDMENT NO. 1 (this “Amendment”) is made as of December 20, 2010 by and
among Parametric Technology Corporation, a Massachusetts corporation (the
“Borrower”), the financial institutions listed on the signature pages hereof and
JPMorgan Chase Bank, N.A., as Administrative Agent (the “Administrative Agent’),
under that certain Credit Agreement dated as of August 23, 2010 by and among the
Borrower, the Lenders and the Administrative Agent (as amended, restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”).
Capitalized terms used herein and not otherwise defined herein shall have the
respective meanings given to them in the Credit Agreement.

WHEREAS, the Borrower has requested that the requisite Lenders and the
Administrative Agent agree to an amendment to the Credit Agreement;

WHEREAS, the Borrower, the Lenders party hereto and the Administrative Agent
have so agreed on the terms and conditions set forth herein;

NOW, THEREFORE, in consideration of the premises set forth above, the terms and
conditions contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Borrower, the
Lenders party hereto and the Administrative Agent hereby agree to enter into
this Amendment.

1. Amendment to the Credit Agreement. Effective as of the date of satisfaction
of the conditions precedent set forth in Section 2 below, the parties hereto
agree that the Credit Agreement is hereby amended to delete the reference to
“Twenty Million Dollars ($20,000,000)” appearing in Section 5.12(f) thereof and
replace such reference with a reference to “Fifty Million Dollars
($50,000,000)”.

2. Conditions of Effectiveness. The effectiveness of this Amendment is subject
to the conditions precedent that the Administrative Agent shall have received
(i) counterparts of this Amendment duly executed by the Borrower, the Required
Lenders and the Administrative Agent, (ii) counterparts of the Consent and
Reaffirmation attached as Exhibit A hereto duly executed by the Subsidiary
Guarantors and (iii) payment and/or reimbursement of the Administrative Agent’s
and its affiliates’ fees and expenses (including, to the extent invoiced, fees
and expenses of counsel for the Administrative Agent) in connection with this
Amendment.

3. Representations and Warranties of the Borrower. The Borrower hereby
represents and warrants as follows:

(a) This Amendment and the Credit Agreement as modified hereby constitute valid
and binding obligations of the Borrower and are enforceable against the Borrower
in accordance with their terms.

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(b) As of the date hereof and after giving effect to the terms of this
Amendment, (i) no Default or Event of Default shall have occurred and be
continuing, and (ii) the representations and warranties of the Borrower set
forth in the Credit Agreement are true and correct in all material respects (or,
if a representation or warranty is expressly stated to have been made as of a
specific date, such representation or warranty shall be true and correct in all
material respects as of such specific date).

4. Reference to and Effect on the Credit Agreement.

(a) Upon the effectiveness hereof, each reference to the Credit Agreement in the
Credit Agreement or any other Loan Document shall mean and be a reference to the
Credit Agreement as amended hereby.

(b) Each Loan Document and all other documents, instruments and agreements
executed and/or delivered in connection therewith shall remain in full force and
effect and are hereby ratified and confirmed.

(c) Except with respect to the subject matter hereof, the execution, delivery
and effectiveness of this Amendment shall not operate as a waiver of any right,
power or remedy of the Administrative Agent or the Lenders, nor constitute a
waiver of any provision of the Credit Agreement, the Loan Documents or any other
documents, instruments and agreements executed and/or delivered in connection
therewith.

5. Governing Law. This Amendment shall be construed in accordance with and
governed by the law of the State of New York.

6. Headings. Section headings in this Amendment are included herein for
convenience of reference only and shall not constitute a part of this Amendment
for any other purpose.

7. Counterparts. This Amendment may be executed by one or more of the parties
hereto on any number of separate counterparts, and all of said counterparts
taken together shall be deemed to constitute one and the same instrument.

[Signature Pages Follow]

 

2

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IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year
first above written.

 

PARAMETRIC TECHNOLOGY CORPORATION, as the Borrower By:  

/s/ Jeffrey D. Glidden

Name:   Jeffrey D. Glidden Title:   Executive Vice President and Chief Financial
Officer

Signature Page to Amendment No. 1 to

Credit Agreement dated as of August 23, 2010

Parametric Technology Corporation

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JPMORGAN CHASE BANK, N.A., individually as a Lender, as the Swingline Lender, as
an Issuing Bank and as Administrative Agent By:  

/s/ Anne Biancardi

Name:   Anne Biancardi Title:   Vice President, Credit Executive

 

Signature Page to Amendment No. 1 to

Credit Agreement dated as of August 23, 2010

Parametric Technology Corporation

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KEYBANK NATIONAL ASSOCIATION, as a Lender By:  

/s/ David A. Wild

Name:   David A. Wild Title:   Vice President

 

Signature Page to Amendment No. 1 to

Credit Agreement dated as of August 23, 2010

Parametric Technology Corporation

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SOVEREIGN BANK, as a Lender By:  

/s/ Angela Pecjo

Name:   Angela Pecjo Title:   Vice President

 

Signature Page to Amendment No. 1 to

Credit Agreement dated as of August 23, 2010

Parametric Technology Corporation

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RBS CITIZENS, NATIONAL ASSOCIATION, as a Lender By:  

/s/ William M. Clossey

Name:   William M. Clossey Title:   Vice President

 

Signature Page to Amendment No. 1 to

Credit Agreement dated as of August 23, 2010

Parametric Technology Corporation

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WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender By:  

/s/ Donald Schwartz

Name:   Donald Schwartz Title:   Managing Director

 

Signature Page to Amendment No. 1 to

Credit Agreement dated as of August 23, 2010

Parametric Technology Corporation

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SILICON VALLEY BANK,

as a Lender

By:  

/s/ Philip T. Silvia III

Name:   Philip T. Silvia III Title:   Vice President

 

Signature Page to Amendment No. 1 to

Credit Agreement dated as of August 23, 2010

Parametric Technology Corporation

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THE HUNTINGTON NATIONAL BANK,

as a Lender

By:  

/s/ Joe Tonges

Name:   Joe Tonges Title:   Vice President

 

Signature Page to Amendment No. 1 to

Credit Agreement dated as of August 23, 2010

Parametric Technology Corporation

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HSBC BANK USA, NATIONAL ASSOCIATION,

as a Lender

By:  

/s/ Elise M. Russo

Name:   Elise M. Russo Title:   Global Relationship Manager

 

Signature Page to Amendment No. 1 to

Credit Agreement dated as of August 23, 2010

Parametric Technology Corporation

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TD BANK, N.A.,

as a Lender

By:  

/s/ Edward (Ted) Hopkinson

Name:   Edward (Ted) Hopkinson Title:   Senior Vice President & Managing
Director

 

Signature Page to Amendment No. 1 to

Credit Agreement dated as of August 23, 2010

Parametric Technology Corporation

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BANK OF AMERICA, N.A.,

as a Lender

By:  

/s/ William S. Rowe

Name:   William S. Rowe Title:   Senior Vice President

 

Signature Page to Amendment No. 1 to

Credit Agreement dated as of August 23, 2010

Parametric Technology Corporation

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EXHIBIT A

Consent and Reaffirmation

Each of the undersigned hereby acknowledges receipt of a copy of the foregoing
Amendment No. 1 to the Credit Agreement (as the same may be amended, restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”) by
and among Parametric Technology Corporation, a Massachusetts corporation (the
“Borrower”) the Lenders and JPMorgan Chase Bank, N.A., as Administrative Agent
(the “Administrative Agent”), which Amendment No. 1 is dated as of December 20,
2010 and is by and among the Borrower, the financial institutions listed on the
signature pages thereof and the Administrative Agent (the “Amendment”).
Capitalized terms used in this Consent and Reaffirmation and not defined herein
shall have the meanings given to them in the Credit Agreement. Without in any
way establishing a course of dealing by the Administrative Agent or any Lender,
each of the undersigned consents to the Amendment and reaffirms the terms and
conditions of the Subsidiary Guaranty and any other Loan Document executed by it
and acknowledges and agrees that the Subsidiary Guaranty and each and every such
Loan Document executed by the undersigned in connection with the Credit
Agreement remains in full force and effect and is hereby reaffirmed, ratified
and confirmed. All references to the Credit Agreement contained in the
above-referenced documents shall be a reference to the Credit Agreement as so
modified by the Amendment and as the same may from time to time hereafter be
amended, modified or restated.

Dated December 20, 2010

[Signature Page Follows]

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IN WITNESS WHEREOF, this Consent and Reaffirmation has been duly executed as of
the day and year above written.

 

PARAMETRIC HOLDINGS INC.    

COMPUTERVISION LLC by its sole member,

PARAMETRIC TECHNOLOGY CORPORATION

By:  

/s/ Stephen Bouchard

    By:  

/s/ Stephen Bouchard

Name:   Stephen Bouchard     Name:   Stephen Bouchard Title:   Treasurer    
Title:   Treasurer PTC INTERNATIONAL, INC.     PTC NETHERLANDS LLC By:  

/s/ Stephen Bouchard

    By:  

/s/ Stephen Bouchard

Name:   Stephen Bouchard     Name:   Stephen Bouchard Title:   Treasurer    
Title:   Treasurer ARBORTEXT, INC.     RELEX SOFTWARE CORPORATION By:  

/s/ Stephen Bouchard

    By:  

/s/ Stephen Bouchard

Name:   Stephen Bouchard     Name:   Stephen Bouchard Title:   Treasurer    
Title:   Treasurer

Signature Page to Consent and Reaffirmation to Amendment No. 1 to

Credit Agreement dated as of August 23, 2010

Parametric Technology Corporation