Document:

Exhibit 4.17

  

Equity Transfer Agreement

 

This Equity Transfer Agreement (“Agreement”)
is made by the following parties on [ ], 2021:

 

Party A: ADRIE GLOBAL HOLDINGS LIMITED (“ADRIE”),
a limited company established and existing under the laws of the British Virgin Islands, the registration number is 1850262, the registration
address is Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands

 

Party B: YUANJIA ASSET MANAGEMENT CO., LTD.
(“YUANJIA”), a limited company established and existing under the laws of the British Virgin Islands, the registration
number is 2006322, the registration address is Craigmuir Chambers, Road Town, Tortola, VG1110, British Virgin Islands

 

Party
C: China Roan Industrial-Financial Holdings Group Co. Limited (formerly known as :
China Fenghui Industrial-Financial Holding Group Co. Limited, China Feng hui Financial Holding Group Co. Limited) (“RAHK”
or “the Company”), a limited liability company established and existing under the laws of the Hong Kong Special Administrative
Region of China, the registration number is 64412110-000-02-20-3, the registration address is UNIT A 8/F, WINBASE, 208 QUEEN’S ROAD
CENTRAL, HK

 

Whereas,

 

		(1)	Party A is the existing shareholder of Party C, holding 100% of the equity of Party C. At present, the
equity structure registered by Party C in the Companies Registry is shown in Annex 1- A of this Agreement.

 

		(2)	To further promote the above transfer and specify their rights and obligations. the Parties agree as followings:

 

		1.	The Equity Transfer

 

		1.1.	Party A agrees to transfer 100% of Party C’s equity (corresponding to Party C’s registered capital of
HKD1.00, “Target Equity”) to Party B at the price of HKD2,200 (“Transfer Price”), Party B agrees with
the Transfer Price and condition.

 

		1.2.	All parties agree that they shall cooperate in the registration of equity transfer within 30 days after
the signing of the Agreement, and register the Target Equity in the name of Party B. After the registration of equity transfer is completed,
the equity structure of Party C is shown in Annex I-B. Party B shall become the shareholder of Party C from the date of the completion
of the registration procedures of the equity transfer, and shall enjoy the rights and undertake the obligations as a shareholder.

 

     

     

    

 

		1.3.	Both parties agree that Party C shall deliver all Party C’s seals and files to Party B within 30 days
after signing of this Agreement.

 

		1.4.	The creditor’s rights and debts of the company before and after the equity transfer shall be borne by
the Company. If the shareholder is liable for any compensation or joint liability according to law, the new shareholder shall bear the
corresponding liability.

 

		2.	Representations and Warranties

 

		2.1.	For purpose hereof, each Party hereto represents and warrants to other Party on the date of signing this
agreement as followings:

 

		2.1.1.	It is an entity duly established and validly existing according to the law of its jurisdiction of incorporation,
and has the capacity and power to execute and perform this Agreement, and bring lawsuit or be sued;

 

		2.1.2.	If it is an entity, it has obtained due authorization or approval from its internal decision-making body
according to its articles or association or other organizational document to execute and perform this Agreement;

 

		2.1.3.	It or its authorized representative has full right and authority to execute and perform this Agreement
and to comply with all obligations hereunder;

 

		2.1.4.	The execution and performance of this Agreement will neither breach any judgment, award, contract, agreement
or other documents to which the Company is bound, nor violate any laws, regulations or government orders.

 

		3.	Dispute Resolution

 

		3.1.	This Agreement is governed by the law of the Hong Kong Special Administrative Region of the People’s Republic
of China.

 

		3.2.	The Parties shall negotiate amicably to resolve any dispute arising out of or relating to this Agreement.
If negotiation fails, the dispute shall be submitted to Hong Kong International Arbitration Centre for arbitration according to the current
arbitration rules of that centre. The arbitration venue is Hong Kong. The arbitration award is final and has binding force upon the Parties.

 

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		4.	Confidentiality

 

		4.1.	Any provisions with respect to the Equity Transfer (including this Agreement and other related documents)
or any information of Parties obtained by the other Parties in relation to the Equity Transfer shall be confidential information, and
shall not be disclosed to any third person.

 

		4.2.	The provisions of Article 4.1 shall not apply to any of the following information :

 

		4.2.1.	The information is publicly available or becomes publicly available through no action or fault of the
recipient party,

 

		4.2.2.	the information is disclosed by either Party to its employee related to the Transfer;

 

		4.2.3.	the information is disclosed by either Party to its bank, financial consultant, legal counsel or other
intermediaries for purpose of this Agreement; or

 

		4.2.4.	the information is disclosed as required by laws, regulations, government agencies or stock exchanges.

 

		4.3.	The provisions of Article 4 shall survive rescission or termination of this Agreement.

 

		5.	Breach of Contract and Remedies

 

		5.1.	If any Party (“Breaching Party”) breaches this Agreement, it shall compensate all losses
of the other Party (“Non-breaching Party”) actually suffered or foreseen (by the Non-breaching Party) at the time when
the agreement was made. Where any Party breaches any provision hereof, in addition to any rights to which the Non-breaching Party is entitled
hereunder, the Non-breaching Party further has the right to request the Breaching Party to specifically perform this Agreement or to compensate
for the loss it suffered. The Breaching Party shall indemnify the Non-breaching Party and its successors and representatives (“Indemnified
Party”) and hold the Indemnified Party harmless from any losses, debts, liabilities, deduction in value, costs (including investigation
and defence costs, as well as reasonable costs of attorney and accountant), or other forms of damages, whether involving any third party
claims or not, arising from (a) the Breaching Party’s breach of any representation or warranty hereof or its representation or warranty
hereof is not true, or (b) the Breaching Party’s breach of or failure to fully perform any covenant, Agreement, warranty or obligation
hereunder, except for those waived by the other Party in writing.

 

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		5.2.	All rights and remedies specified hereunder are cumulative and are in addition to all other rights and
remedies provided by law.

 

		5.3.	Where any Party or its representative becomes aware that any representation or warranty from the other
Party is untrue, inaccurate or incomplete through investigation or other means, its waiver of such untrue, inaccurate or incomplete representation
or warranty, or its waiver of part conditions precedent, shall not cause the Non-breaching Party to lose any right against the Breaching
Party. No failure or delay on the part of any party hereto in exercising any right, power or remedy hereunder shall operate as a waiver
thereof, nor shall any single or partial exercise of any such right, power or remedy preclude any other or further exercise thereof or
the exercise of any other right, power or remedy.

 

		6.	Miscellaneous 

 

		6.1.	Taxes. The Parties shall assume various taxes involved in the Equity Transfer according to law. The Party
shall pay their respective costs and expenses of legal, tax and other consultants in relation to negotiation and preparation of the transaction
documents contemplated in this Agreement.

 

		6.2.	Effectiveness. This Agreement shall become effective and bind the Parties when it is signed by the Parties
or their respective authorized representatives.

 

		6.3.	Modification; Termination. Unless this Agreement states otherwise, no modification or termination of this
Agreement shall become effective until it is signed by the Parties in writing and in advance.

 

		6.4.	Waiver. No failure or delay to exercise or partial exercise of any right hereunder shall operate as waiver
of such right or other right hereunder. No waiver or exemption by any one Party of any breach of the other Party shall be interpreted
to be waiver or exemption of any subsequent breach.

 

		6.5.	Invalidity. Any part, provision or related documents of this Agreement which is held to be void, illegal
or unenforceable according to applicable law, (1) shall be ineffective to the extent of such invalid or unenforceability without invalidating
the remaining provisions hereof; (2)suitable and equitable provision(s) shall be substituted therefor in order to carry out, so far as
may be valid, legal and enforceable, the intent and purpose of such invalid or unenforceable provision(s).

 

		6.6.	Entire Agreement. This Agreement and its annexes constitutes the entire Agreement between the Parties
with respect to the Transfer. If there is any conflict or discrepancy between this Agreement and its annexes, and any communications,
representations, covenants, minutes, memorandums, contracts, Agreements or other documents signed by the Parties before execution of this
Agreement with respect to the subject matter hereof, this Agreement and its annexes shall prevail. This Agreement and its annexes constitutes
an integral whole and have the same legal effect.

 

		6.7.	Supplemental Agreement. The Parties shall enter into supplemental agreements to specify any matters not
covered by this Agreement. If there is any conflict or discrepancy between this Agreement and any supplemental agreement, the supplemental
agreement shall prevail.

 

		6.8.	Force Majeure. Where this Agreement is unable to perform or to perform timely due to any objective circumstances
that are unpredictable, unavoidable and insurmountable (“Force Majeure Events”), the affected Party shall notify the other
Party immediately by express delivery or fax, and shall provide valid proof of the Force Majeure Event and the grounds that this Agreement
is unable to perform in whole or in part or needs to be delayed in performance within fifteen (15) days after occurrence of the event.
The Parties may negotiate and decide whether to terminate this Agreement, or waive part obligation of performance, or delay the performance
of this Agreement, based on the effect of the Force Majeure Event upon performance of this Agreement.

 

		6.9.	Counterparts. This Agreement is made in three (3) counterparts, with each Party holding one. All counterparts
have the same legal force.

 

[The remainder of
this page is intentionally left blank]

 

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Annex 1 A: The equity structure
of China Roan Industrial-Financial Holdings Group Co. Limited

  

	Number	Name of shareholder	Subscribed 

registered capital

(HKD)	Shareholding ratio
	1.	ADRIE GLOBAL HOLDINGS LIMITED	1	100%
	Total	1	100%

 

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Annex 1 B: The equity structure
of China Roan Industrial-Financial Holdings Group Co. Limited after this equity transfer

 

	Number	Name of shareholder	Subscribed registered capital

(HKD)	Shareholding ratio
	1.	YUANJIA ASSET MANAGEMENT CO., LTD.	1	100%
	Total	1	100%

 

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(Signature page of the Equity Transfer Agreement)

  

	

    Party A: ADRIE GLOBAL HOLDINGS LIMITED (seal)

     

    Director (signature)

     

     

    
	 

 

Signature Page of the Equity Transfer Agreement

 

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(Signature page of the Equity Transfer Agreement)

  

	

    Party B: YUANJIA ASSET MANAGEMENT CO., LTD
    (seal) 

     

    Director (signature):

     

     

    
	 

 

Signature Page of the Equity Transfer Agreement

 

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(Signature page of the Equity Transfer Agreement)

 

	

    Party C: China Roan Industrial-Financial

 Holdings
    Group Co. Limited (seal) 

     

    Director (signature):

     

     

    
	 

 

Signature Page of the Equity Transfer Agreement

 

 

9exhibita-formexecutivere

       ASPEN TECHNOLOGY, INC.  Executive Retention Agreement  Aspen Technology, Inc., a Delaware corporation (the “Company”), and [Manish Chawla] (the  “Executive”) enter into this Executive Retention Agreement (the “Agreement”) dated as of April 18, 2022  (the “Effective Date”).  WHEREAS, the Company considers the establishment and maintenance of a sound and vital  management to be essential to protecting and enhancing the best interests of the Company and its  stockholders;  WHEREAS, the Company recognizes that, as is the case with many publicly-held corporations, the  possibility of a change in control of the Company exists and that such possibility, and the uncertainty and  questions which it may raise among key personnel, may result in the departure or distraction of key  personnel to the detriment of the Company and its stockholders; and  WHEREAS, the Compensation Committee of the Board of Directors of the Company (the “Board”) has  determined that it is in the best interests of the Company that appropriate steps should be taken to reinforce  and encourage the employment and dedication of the Company’s key personnel without distraction,  including distraction from the possibility of a change in control of the Company and related events and  circumstances.  NOW, THEREFORE, as an inducement for and in consideration of the Executive’s employment with the  Company and for other good and valuable consideration, the parties agree that the Executive shall receive  the severance benefits set forth below in the event the Executive’s employment with the Company is  terminated:  1. Key Definitions.  As used herein, the following terms shall have the following respective  meanings:  1.1 “Change in Control” means the first occurrence during the Term of an event set forth in  any one or more of subsections (a) through (d) below (including an event or occurrence that constitutes a  Change in Control under one of such subsections but is specifically exempted from another such subsection)  and that is (i) a change in the ownership of the Company (as defined in Treasury Regulation  Section 1.409A-3(i)(5)(v)), (ii) a change in effective control of the Company (as defined in Treasury  Regulation Section 1.409A-3(i)(5)(vi)), or (iii) a change in the ownership of a substantial portion of the  assets of the Company (as defined in Treasury Regulation Section 1.409A-3(i)(5)(vii)):  (a) the acquisition by an individual, entity or group (within the meaning of  Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934) (a “Person”) of  beneficial ownership of any capital stock of the Company if, after such acquisition,  such Person beneficially owns (within the meaning of Rule 13d-3 promulgated under  the Securities Exchange Act of 1934) 50% or more of either (x) the then-outstanding  shares of common stock of the Company (the “Outstanding Company Common  Stock”) or (y) the combined voting power of the then-outstanding securities of the  Company entitled to vote generally in the election of directors (the “Outstanding  Company Voting Securities”); provided that for purposes of this subsection (1), the  following acquisitions shall not constitute a Change in Control: (I) any acquisition  directly from the Company (excluding an acquisition pursuant to the exercise,  conversion or exchange of any security exercisable for, convertible into or  

 

2     exchangeable for common stock or voting securities of the Company, unless the  Person exercising, converting or exchanging such security acquired such security  directly from the Company or an underwriter or agent of the Company), (II) any  acquisition by any employee benefit plan (or related trust) sponsored or maintained  by the Company or any corporation controlled by the Company, (III) any acquisition  by any corporation pursuant to a Business Combination (as defined below) that  complies with clauses (x) and (y) of Section 1.1(c) or (IV) any acquisition by the  Company; or  (b) such time as the Continuing Directors (as defined below) do not constitute a majority  of the Board (or, if applicable, the Board of Directors of a successor corporation to  the Company), where the term “Continuing Director” means at any date a member of  the Board (x) who was a member of the Board on the date of the execution of this  Agreement or (y) who was nominated or elected subsequent to such date by at least a  majority of the directors who were Continuing Directors at the time of such  nomination or election or whose election to the Board was recommended or endorsed  by at least a majority of the directors who were Continuing Directors at the time of  such nomination or election, provided that there shall be excluded from this clause  (y) any individual whose initial assumption of office occurred as a result of an actual  or threatened election contest with respect to the election or removal of directors or  other actual or threatened solicitation of proxies or consents, by or on behalf of a  person other than the Board; or  (c) the consummation of a merger, consolidation, reorganization, recapitalization or  share exchange involving the Company or a sale or other disposition of all or  substantially all of the assets of the Company in one or a series of transactions (a  “Business Combination”), unless, immediately following such Business  Combination, each of the following two conditions is satisfied:  (x) all or substantially  all of the individuals and entities who were the beneficial owners of the Outstanding  Company Common Stock and Outstanding Company Voting Securities immediately  prior to such Business Combination beneficially own, directly or indirectly, more than  50% of the then-outstanding shares of common stock and the combined voting power  of the then-outstanding securities entitled to vote generally in the election of directors,  respectively, of the resulting or acquiring corporation in such Business Combination  (which shall include a corporation that as a result of such transaction owns the  Company or substantially all of the Company’s assets either directly or through one  or more subsidiaries) (such resulting or acquiring corporation is referred to herein as  the “Acquiring Corporation”) in substantially the same proportions as their ownership  of the Outstanding Company Common Stock and Outstanding Company Voting  Securities, respectively, immediately prior to such Business Combination, excluding  for all purposes of this clause (x) any shares of common stock or other securities of  the Acquiring Corporation attributable to any such individual’s or entity’s ownership  of securities other than Outstanding Company Common Stock or Outstanding  Company Voting Securities immediately prior to the Business Combination); and  (y) no Person (excluding the Acquiring Corporation or any employee benefit plan (or  related trust) maintained or sponsored by the Company or by the Acquiring  Corporation) beneficially owns, directly or indirectly, 50% or more of the then- outstanding shares of common stock of the Acquiring Corporation, or of the  combined voting power of the then-outstanding securities of such corporation entitled  to vote generally in the election of directors (except to the extent that such ownership  existed prior to the Business Combination); it being understood that the  consummation of the transactions contemplated by the Transaction Agreement and  

 

3     Plan of Merger, dated as of October 10, 2021, among the Company, Emerson Electric  Co., EMR Worldwide Inc., Emersub CX, Inc. and Emersub CXI, Inc., as amended or  restated from time to time (such transactions, the “Emerson Transactions”), shall  constitute a Change in Control under this clause (c) and, if consummated, shall be the  only Change in Control which may occur hereunder; or  (d) approval by the stockholders of the Company of a complete liquidation or dissolution  of the Company.  1.2 “Change in Control Date” means the first date during the Term (as defined in Section 2)  on which a Change in Control occurs.  Anything in this Agreement to the contrary notwithstanding, if (a) a  Change in Control occurs, or shall have been announced or agreed to, (b)  the Executive’s employment with  the Company is subsequently terminated, and (c) if the date of termination is prior to the date of the actual  or scheduled Change of Control and it is reasonably demonstrated by the Executive that such termination  of employment (i) was at the request of a third party who has taken steps reasonably designed to effect a  Change in Control or (ii) otherwise arose in connection with or in anticipation of a Change in Control, such  as, for example, as a condition thereto or in connection with cost reduction or elimination of duplicate  positions, then for all purposes of this Agreement the “Change in Control Date” shall mean the date  immediately prior to the date of such termination of employment.   1.3 “Cause” means:  (a) the Executive’s willful and continued failure to substantially perform the Executive’s  reasonable assigned duties (other than any such failure resulting from incapacity due  to physical or mental illness, approved leave of absence or any failure after the  Executive gives notice of resignation for Good Reason), where such failure is not  cured within 30 days after a written notice and demand for substantial performance  is received by the Executive from the Board of Directors of the Company which  specifically identifies the manner in which the Board of Directors believes the  Executive has not substantially performed the Executive’s duties;   (b) the Executive’s willful engagement in illegal conduct or gross misconduct which is  materially and demonstrably injurious to the Company’s business or reputation;   (c) the Executive materially breaches any written policy applicable to the Executive,  including, but not limited to, the Company’s Code of Business Ethics and Conduct or  Insider Trading Policy; or  (d) the Executive’s conviction of, or plea of guilty or no contest to, a felony under the  laws of the United States or any State of the United States.  For purposes of this Section 1.3, no act or failure to act by the Executive shall be considered “willful” unless  it is done, or omitted to be done, in bad faith and without reasonable belief that the Executive’s action or  omission was in the best interests of the Company.  1.4 “Good Reason means the following:  (a) Prior to a Change in Control Date, the occurrence, without the Executive’s prior  written consent, of any of the events or circumstances set forth in clauses (i) through  (iii) below:  (i) a reduction in the Executive’s annual base salary as in effect on the Effective  Date or as the same was or may be increased thereafter from time to time, other  than a general reduction in annual base salary that affects all similarly situated  executives in substantially the same proportions;  

 

4     (ii) a change by the Company in the location at which the Executive performs the  Executive’s principal duties for the Company to a new location that is both  (A) outside a radius of 40 miles from the Executive’s principal residence  immediately prior to the Effective Date and (B) more than 30 miles from the  location at which the Executive performed the Executive’s principal duties for  the Company immediately prior to the Effective Date; or  (iii) a material diminution in the Executive’s authority, duties, responsibilities or  reporting relationship in effect immediately prior to the Effective Date.   (b) From and after a Change in Control Date, the occurrence, without the Executive’s  prior written consent, of any of the events or circumstances set forth in clauses  (i) through (viii) below:  (i) a material diminution in the Executive’s authority, duties, responsibilities or  reporting relationship in effect immediately prior to the earliest to occur of  (A) the Change in Control Date, (B) the date of the execution by the Company  of the initial written agreement or instrument providing for the Change in  Control or (C) the date of the adoption by the Board of Directors of a resolution  providing for the Change in Control (with the earliest to occur of such dates  referred to herein as the “Measurement Date”), or any other action or omission  by the Company which results in a material diminution in such position,  authority or responsibilities;  (ii) a reduction in the Executive’s annual base salary as in effect on the  Measurement Date or as the same was or may be increased thereafter from time  to time;  (iii) the failure by the Company to (A) continue in effect any material compensation  or benefit plan or program (including without limitation any life insurance,  medical, health and accident or disability plan and any vacation program or  policy) (a “Benefit Plan”) in which the Executive participates immediately prior  to the Measurement Date, unless an equitable arrangement (embodied in an  ongoing substitute or alternative plan) has been made with respect to such plan  or program, (B) continue the Executive’s participation therein (or in such  substitute or alternative plan) on a basis not materially less favorable, both in  terms of the amount of benefits provided and the level of the Executive’s  participation relative to other participants, than the basis existing immediately  prior to the Measurement Date or (C) award cash bonuses to the Executive in  amounts and in a manner substantially consistent with past practice in light of  the Company’s financial performance (which clause (C) shall only apply in the  event that the Executive has received such cash bonuses prior to the Change in  Control);  (iv) a change by the Company in the location at which the Executive performs the  Executive’s principal duties for the Company to a new location that is both  (A) outside a radius of 40 miles from the Executive’s principal residence  immediately prior to the Measurement Date and (B) more than 30 miles from  the location at which the Executive performed the Executive’s principal duties  for the Company immediately prior to the Measurement Date; or a requirement  by the Company that the Executive travel on Company business to a  substantially greater extent than required immediately prior to the Measurement  Date;  

 

5     (v) the failure of the Company to obtain the agreement from any successor to the  Company to assume and agree to perform this Agreement, as required by  Section 6.1;  (vi) a purported termination of the Executive’s employment which is not effected  pursuant to a Notice of Termination satisfying the requirements of Section 3;  and  (vii) any failure of the Company to pay or provide to the Executive any portion of  the Executive’s compensation or benefits due under any Benefit Plan within  seven days of the date such compensation or benefits are due, or any material  breach by the Company of this Agreement or any employment agreement with  the Executive.  (c) Notwithstanding anything to the contrary herein, the Executive agrees and  acknowledges that the consummation of the Emerson Transactions, by itself, shall  not constitute Good Reason for purposes of this Agreement or any similar “good  reason” protections under any other employment, severance, retention, compensation  or benefit agreement or arrangement between the Executive and the Company or any  of its subsidiaries.  1.5 “Disability” means the Executive’s absence from the full-time performance of the  Executive’s duties with the Company for 180 consecutive calendar days as a result of incapacity due to  mental or physical illness which is determined to be total and permanent by a physician selected by the  Company or its insurers and acceptable to the Executive or the Executive’s legal representative.  2. Term of Agreement.  This Agreement shall take effect upon the Effective Date and shall expire  upon the first to occur of (a) the expiration of the Term (as defined below) if a Change in Control has not  occurred during the Term, (b) the date 12 months after the Change in Control Date, if the Executive is still  employed by the Company as of such later date, or (c) the fulfillment by the Company of all of its  obligations under Sections 4, 5.2 and 5.3 if the Executive’s employment with the Company terminates  during the Term or within 12 months following the Change in Control Date.  “Term” shall mean the period  commencing as of the Effective Date and continuing in effect through July 31, 2022; provided, however,  that commencing on August 1, 2022 and on each August 1 thereafter, the Term shall be automatically  extended for one additional year unless, not later than six months prior to the scheduled expiration of the  Term (or any extension thereof), the Company shall have given the Executive written notice that the Term  will not be extended.    3. Notice of Termination.  3.1 Any termination of the Executive’s employment by the Company or by the Executive  (other than due to the death of the Executive) shall be communicated by a written notice to the other party  hereto (the “Notice of Termination”), given in accordance with Section 7.  Any Notice of Termination shall:  (i) indicate the specific termination provision (if any) of this Agreement relied upon by the party giving  such notice, (ii) to the extent applicable, set forth in reasonable detail the facts and circumstances claimed  to provide a basis for termination of the Executive’s employment under the provision so indicated and  (iii) specify the Date of Termination (as defined below).  The effective date of an employment termination  (the “Date of Termination”) shall be the close of business on the date specified in the Notice of Termination  (which date may not be less than 30 days or more than 120 days after the date of delivery of such Notice of  Termination), in the case of a termination other than one due to the Executive’s death, or the date of the  Executive’s death, as the case may be.  In the event the Company fails to satisfy the requirements of  

 

6     Section 3 regarding delivery of a Notice of Termination, the purported termination of the Executive’s  employment pursuant to such Notice of Termination shall not be effective for purposes of this Agreement.  3.2 The failure by the Executive or the Company to set forth in the Notice of Termination any  fact or circumstance which contributes to a showing of Good Reason or Cause shall not waive any right of  the Executive or the Company, respectively, hereunder or preclude the Executive or the Company,  respectively, from asserting any such fact or circumstance in enforcing the Executive’s or the Company’s  rights hereunder.  3.3 Any Notice of Termination for Cause given by the Company must be given within 30 days  of the occurrence of the event(s) or circumstance(s) which constitute(s) Cause.  Prior to any Notice of  Termination for Cause being given (and prior to any termination for Cause being effective), the Executive  shall be entitled to a hearing before the Board of Directors of the Company at which the Executive may, at  the Executive’s election, be represented by counsel and at which the Executive shall have a reasonable  opportunity to be heard.  Such hearing shall be held on not less than 15 days’ prior written notice to the  Executive stating the Board of Directors’ intention to terminate the Executive for Cause and stating in detail  the particular event(s) or circumstance(s) which the Board of Directors believes constitutes Cause for  termination.  Any such Notice of Termination for Cause must be approved by an affirmative vote of at least  two-thirds of the members of the Board of Directors.  3.4 Any Notice of Termination of a resignation for Good Reason given by the Executive must  be given within 30 days of notice by the Company to the Executive of the occurrence of the event(s) or  circumstance(s) that constitute(s) Good Reason.  The Executive shall cooperate in good faith with the  Company, during the period from the date of delivery of such Notice of Termination to the Date of  Termination specified in such Notice of Termination, to correct each of such events and circumstances.   Notwithstanding the occurrence of any such event or circumstance, such occurrence shall not be deemed to  constitute Good Reason if, prior to the Date of Termination specified in such Notice of Termination, each  such event or circumstance has been fully corrected and the Executive has been reasonably compensated  for any losses or damages resulting therefrom.  The Executive’s right to terminate the Executive’s  employment for Good Reason shall not be affected by the Executive’s incapacity due to physical or mental  illness.  4. Termination; Benefits to Executive.  4.1 Termination Not Related to a Change in Control.  Subject to Sections 4.5 and 8.1, if the  Executive’s employment with the Company is terminated by the Company without Cause or the Executive  resigns for Good Reason, and in either case a Change in Control Date has not occurred, then, provided that  the Executive has delivered to the Company (and the applicable revocation period has expired with respect  to) a signed general release substantially in the form attached hereto as Exhibit A (the “Release”) during  the 60 days following the Date of Termination, the Executive shall be entitled to payments and benefits set  forth below.  Unless delayed by Section 4.5 or not payable under Section 8.1, the payments will begin (or  for lump sums will be made) in the first payroll period after the Release becomes irrevocable, provided that  if the sixtieth day falls in the calendar year following the year of the Date of Termination, the payments  will begin (or be made) no earlier than the first payroll period of such later calendar year.  The first payroll  payment will include a make-up payment for the period that elapsed between the Date of Termination and  the payroll period in which payments begin.  (a) For the 12 months following the Date of Termination (the “Severance Period”), the  Company shall pay to the Executive (i) an amount equal to Executive’s then-current base salary, to be paid  on the Company’s normal payroll cycle during the Severance Period and (ii) an amount equal to the pro  rata portion of the Executive’s target bonus for the then-current fiscal year, to be paid in equal installments  (subject to rounding) with the amounts paid pursuant to the preceding clause (i); provided that if any  

 

7     payments would otherwise be due on or after March 15 of the calendar year next succeeding the year in  which termination occurs, then all payments that would otherwise be due after March 15 shall be paid to  the Executive in a lump sum in the payroll period on or immediately prior to March 15 of such next  succeeding year.  (b) The Company shall pay to the Executive in a lump sum, in cash, an amount equal to  12 times the excess of (i) the monthly premium payable by former employees for continued coverage under  COBRA for the same level of coverage, including dependents, provided to the Executive under the  Company’s group health benefit plans in which the Executive participates immediately prior to the Notice  of Termination over (ii) the monthly premium paid by active employees for the same coverage immediately  prior to the Notice of Termination.  (c) The Company shall pay to the Executive in a lump sum, in cash, in lieu of any further  life, disability, and accident insurance benefits (not including medical, dental or vision insurance) (the  “Other Plans”), an amount equal to the cost to the Executive of providing such benefits (based on the  applicable premiums charged to the Company for such coverage under the Other Plans), to the extent that  the Executive is eligible to receive such benefits immediately prior to the Notice of Termination, for the  Severance Period.  (d) To the extent not previously paid or provided, the Company shall timely pay or  provide to the Executive any other amounts or benefits required to be paid or provided or which the  Executive is eligible to receive following the Executive’s termination of employment under any plan,  program, policy, practice, contract or agreement of the Company and its affiliated companies, including  any compensation previously deferred by the Executive (together with any accrued interest or earnings  thereon) and any accrued vacation pay.  (e) [INTENTIONALLY OMITTED]  (f) The Company shall provide outplacement services through one or more outside firms  of the Executive’s choosing and reasonably acceptable to the Company up to an aggregate of $45,000, with  such services to extend until the earlier of (i) 12 months following the termination of Executive’s  employment or (ii) the date the Executive secures full time employment.  4.2 Termination Related to a Change in Control.  Subject to Sections 4.5 and 8.1, if a Change  in Control Date occurs and the Executive’s employment with the Company terminates within 12 months  following the Change in Control Date, the following provisions shall apply:  (a) Termination Without Cause or for Good Reason.  If the Executive’s employment with  the Company is terminated by the Company (other than for Cause, Disability or death) or the Executive  resigns for Good Reason, in either case within 12 months following the Change in Control Date, then,  provided that Executive has delivered to the Company (and the applicable revocation period has expired  with respect to) the Release within 60 days of the Date of Termination, the Executive shall be entitled to  the following payments and benefits paid on the same timing described in Section 4.1:  (i) The Company shall pay to the Executive in a lump sum, in cash, the aggregate  of the following amounts:  (A) the sum of (1) the Executive’s base salary through the Date of  Termination, and (2) any accrued vacation pay, in each case to the extent  not previously paid;  (B) the sum of (1) 1.0 multiplied by the Executive’s annual base salary, and  (2) the higher of the Executive’s target bonus for the then-prior fiscal year  or the Executive’s target bonus for the then-current fiscal year; and  (C) an amount equal to 12 times the excess of (1) the monthly premium  

 

8     payable by former employees for continued coverage under COBRA for  the same level of coverage, including dependents, provided to the  Executive under the Company’s group health benefit plans in which the  Executive participates immediately prior to the Notice of Termination  over (2) the monthly premium paid by active employees for the same  coverage immediately prior to the Notice of Termination; and  (D) in lieu of any further benefits under Other Plans, an amount equal to the  cost to the Executive of providing such benefits (based on the applicable  premiums charged to the Company for such coverage under the Other  Plans), to the extent that the Executive is eligible to receive such benefits  immediately prior to the Notice of Termination, for the Severance Period.  (ii) To the extent not previously paid or provided, the Company shall timely pay or  provide to the Executive any other amounts or benefits required to be paid or  provided or which the Executive is eligible to receive following the Executive’s  termination of employment under any plan, program, policy, practice, contract  or agreement of the Company and its affiliated companies.  (iii) [INTENTIONALLY OMITTED]  (iv) With respect to all of the Executive’s equity-based awards (including any  awards granted from and after the Change in Control Date), and only to the  extent the following are not less favorable to the Executive than the relevant  provisions of the equity plan or award agreement: (1) all of the then-unvested  options to purchase shares of stock of the Company and/or its successor held by  the Executive shall become fully vested and immediately exercisable in full, and  shares of the Company received upon exercise of any options will no longer be  subject to any right of repurchase by the Company, (2) all of the restricted stock  then otherwise subject to repurchase by the issuer shall be deemed to be fully  vested (i.e., no longer subject to a right of repurchase or restriction by the issuer  or otherwise subject to a risk of forfeiture), (3) all of the shares underlying  restricted stock units then otherwise subject to future grant or award shall be  fully granted, vested and distributed and no longer subject to a right of  repurchase by the issuer or to any other risk of forfeiture, including performance  conditions, and (4) all then-vested and exercisable options (including for the  avoidance of doubt the options becoming exercisable pursuant to this paragraph)  shall continue to be exercisable by the Executive for the Severance Period (but  not later than the original expiration date of such options).  For the avoidance of  doubt, for any such award subject to a performance condition, subject to the  adjustments to the award and its performance conditions in connection with the  Change in Control in accordance with the terms of the equity plan or award  agreement (if applicable), vesting upon termination of employment under this  clause (iv) shall be based on assumed performance at the greater of target or the  level of performance achieved immediately prior to the date of termination of  employment, as determined by the Board.  (v) The Company shall provide outplacement services through one or more outside  firms of the Executive’s choosing and reasonably acceptable to the Company  up to an aggregate of $45,000, with such services to extend until the earlier of  (A) 12 months following the termination of Executive’s employment or (B) the  date the Executive secures full time employment.  

 

9     (b) Resignation without Good Reason; Termination for Death or Disability.  If the  Executive voluntarily terminates the Executive’s employment with the Company within 12 months  following the Change in Control Date, excluding a resignation for Good Reason, or if the Executive’s  employment with the Company is terminated by reason of the Executive’s death or Disability within 12  months following the Change in Control Date, then the Executive (or the Executive’s estate, if  applicable) shall be entitled to the following payments and benefits:  (i) The Company shall pay the Executive (or the Executive’s estate, if applicable),  in a lump sum, in cash, within 60 days after the Date of Termination, the sum  of (A) the Executive’s base salary through the Date of Termination, and (B) any  accrued vacation pay, in each case to the extent not previously paid; and  (ii) To the extent not previously paid or provided, the Company shall timely pay or  provide to the Executive (or the Executive’s estate, if applicable)  any other  amounts or benefits required to be paid or provided or which the Executive is  eligible to receive following the Executive’s termination of employment under  any plan, program, policy, practice, contract or agreement of the Company and  its affiliated companies, including any compensation previously deferred by the  Executive (together with any accrued interest or earnings thereon).  (c) Termination for Cause.  If the Company terminates the Executive’s employment with  the Company for Cause within 12 months following the Change in Control Date, then the Executive shall  be entitled to the following payments and benefits:  (i) the Company shall pay the Executive, in a lump sum, in cash, within 60 days  after the Date of Termination, the Executive’s base salary through the Date of  Termination, to the extent not previously paid; and  (ii) to the extent not previously paid or provided, the Company shall timely pay or  provide to the Executive any other amounts or benefits required to be paid or  provided or which the Executive is eligible to receive following the Executive’s  termination of employment under any plan, program, policy, practice, contract  or agreement of the Company and its affiliated companies.  4.3 Taxes.  (a) Anything in this Agreement to the contrary notwithstanding, in the event it shall be  determined that any payment or distribution by the Company to the Executive or for the Executive's benefit  (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or  otherwise) (the “Payments”) would be subject to the excise tax imposed by Section 4999 (or any successor  provisions) of the Internal Revenue Code of 1986, as amended (the “Code”), or any interest or penalty is  incurred by the Executive with respect to such excise tax (such excise tax, together with any such interest  and penalties, is hereinafter collectively referred to as the “Excise Tax”), then the Payments shall be reduced  (but not below zero) if and to the extent that such reduction would result in the Executive retaining a larger  amount, on an after-tax basis (taking into account federal, state and local income taxes and the imposition  of the Excise Tax), than if Executive received all of the Payments.  The Company shall reduce or eliminate  the Payments, by first reducing or eliminating the portion of the Payments which are not payable in cash  and then by reducing or eliminating cash payments, in each case in reverse order beginning with payments  or benefits which are to be paid the farthest in time from the determination.   (b) All determinations required to be made under this Section, including whether and  when an adjustment to any Payments is required and, if applicable, which Payments are to be so adjusted,  shall be made by an independent accounting firm selected by the Company from among the four (4) largest  

 

10     accounting firms in the United States or any nationally recognized financial planning and benefits  consulting company (the “Accounting Firm”) which shall provide detailed supporting calculations both to  the Company and to the Executive within fifteen (15) business days of the receipt of notice from the  Executive that there has been a Payment, or such earlier time as is requested by the Company.  In the event  that the Accounting Firm is serving as accountant or auditor for the individual, entity or group effecting the  Change in Control, the Executive shall appoint another nationally recognized accounting firm or financial  planning and benefits consulting company to make the determinations required hereunder (which firm shall  then be referred to as the Accounting Firm hereunder). All fees and expenses of the Accounting Firm shall  be borne solely by the Company. If the Accounting Firm determines that no Excise Tax is payable by the  Executive, it shall furnish the Executive with a written opinion that failure to report the Excise Tax on the  Executive's applicable federal income tax return would not result in the imposition of a negligence or similar  penalty. Any determination of payment amounts by the Accounting Firm shall be binding upon the  Company and the Executive.  4.4 Mitigation.  For the avoidance of doubt, the Executive shall not be required to mitigate the  amount of any payment or benefits provided for in this Section 4 by seeking other employment or otherwise.   Further, subject to Section 8.1, the amount of any payment or benefits provided for in this Section 4 shall  not be reduced by any compensation earned by the Executive as a result of employment by another  employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the  Company or otherwise.  4.5 Distributions.  (a) Subject to this Section 4.5 and Section 8.1, payments or benefits under Section 4.1 or  4.2 shall begin only upon the date of Executive’s “separation from service” (determined as set forth below)  which occurs on or after the Date of Termination.  The following rules shall apply with respect to  distribution of the payments and benefits, if any, to be provided to Executive under Section 4.1 or 4.2, as  applicable:  (i) It is intended that each installment of the payments and benefits provided under  Section 4.1 or 4.2 shall be treated as a separate “payment” for purposes of  Section 409A of the Code and the final Treasury regulations and guidance  issued thereunder (“Section 409A”).  Neither the Company nor Executive shall  have the right to accelerate or defer the delivery of any such payments or  benefits except to the extent specifically permitted or required by Section 409A.  (ii) If, as of the date of Executive’s “separation from service” from the Company,  Executive is not a “specified employee” (each, for purposes of the Agreement,  within the meaning of Section 409A), then each installment of the payments and  benefits shall be made on the dates and terms set forth in Section 4.1 or 4.2.  (iii) If, as of the date of Executive’s separation from service from the Company,  Executive is a specified employee, then:  (A) Each installment of the payments and benefits due under Section 4.1 or  4.2 that, in accordance with the dates and terms set forth herein, will in all  circumstances, regardless of when Executive’s separation from service  occurs, be paid within the short-term deferral period (as defined under  Section 409A) and shall be treated as a short-term deferral within the  meaning of Treasury Regulation Section 1.409A-1(b)(4) to the maximum  extent permissible under Section 409A.  (B) Each installment of the payments and benefits due under Section 4.1 or  4.2 that is not described in Section 4.5(a)(iii)(A) and that would, absent  

 

11     Section 4.5(a)(iii)(A), be paid within the six-month period following the  Executive’s separation from service from the Company shall not be paid  until the date that is six months and one day after such separation from  service (or, if earlier, the Executive’s death), with any such installments  that are required to be delayed being accumulated during the six-month  period and paid in a lump sum on the date that is six months and one day  following the Executive’s separation from service and any subsequent  installments, if any, being paid in accordance with the dates and terms set  forth herein; provided, however, that the preceding provisions of this  Section 4.5(a)(iii)(B) shall not apply to any installment of payments and  benefits if and to the maximum extent that that such installment is deemed  to be paid under a separation pay plan that does not provide for a deferral  of compensation by reason of the application of Treasury  Regulation Section 1.409A-1(b)(9)(iii) (relating to separation pay upon an  involuntary separation from service).  Any installments that qualify for the  exception under Treasury Regulation Section 1.409A-1(b)(9)(iii) must be  paid no later than the last day of the Executive’s second taxable year  following the taxable year in which the separation from service occurs.   (b) The determination of whether and when Executive’s separation from service from the  Company has occurred shall be made and in a manner consistent with, and based on the presumptions set  forth in, Treasury Regulation Section 1.409A-1(h).  Solely for purposes of this Section 4.5(b), “Company”  shall include all persons with whom the Company would be considered a single employer under  Section 414(b) and 414(c) of the Code.  (c) All reimbursements and in-kind benefits provided under the Agreement shall be made  or provided in accordance with the requirements of Section 409A to the extent that such reimbursements  or in-kind benefits are subject to Section 409A, including, where applicable, the requirements that (i) any  reimbursement is for expenses incurred during the Executive’s lifetime (or during a shorter period of time  specified in the Agreement), (ii) the amount of expenses eligible for reimbursement during a calendar year  may not affect the expenses eligible for reimbursement in any other calendar year, (iii)  the reimbursement  of an eligible expense will be made on or before the last day of the calendar year following the year in  which the expense is incurred and (iv) the right to reimbursement is not subject to set off or liquidation or  exchange for any other benefit.  5. Disputes; Expenses.  5.1 Disputes.  All claims by the Executive for benefits under this Agreement shall be directed  to and determined by the Board of Directors of the Company and shall be in writing.  Any rejection by the  Board of Directors of a claim for benefits under this Agreement shall be delivered to the Executive in  writing and shall set forth the specific reasons for the rejection and the specific provisions of this Agreement  relied upon.  5.2 Expenses.  If a Change in Control Date shall not have occurred, all legal, accounting and  other fees and expenses which a party may reasonably incur as a result of any claim or contest (regardless  of the outcome thereof) by the Company, the Executive or others regarding the validity or enforceability  of, or liability under, any provision of this Agreement or any guarantee of performance thereof (including  as a result of any contest by the Executive regarding the amount of any payment or benefits pursuant to this  Agreement), shall be the responsibility of the non-prevailing party.  If a Change in Control Date shall have  occurred, the Company agrees to pay as incurred all legal, accounting and other fees and expenses which  the Executive may reasonably incur as a result of any claim or contest (regardless of the outcome thereof)  

 

12     by the Company, the Executive or others regarding the validity or enforceability of, or liability under, any  provision of this Agreement or any guarantee of performance thereof (including as a result of any contest  by the Executive regarding the amount of any payment or benefits pursuant to this Agreement), plus in each  case interest on any delayed payment at the applicable rate for prejudgment interest then in effect in the  Commonwealth of Massachusetts.  5.3 Compensation During a Dispute.  Subject to Sections 4.5 and 8.1, if rights of the Executive  to receive benefits under Section 4 (or the amount or nature of the benefits to which the Executive is entitled  to receive) are the subject of a dispute between the Company and the Executive, the Company shall continue  (a) to pay to the Executive the Executive’s base salary in effect as of the Measurement Date and (b) to  provide benefits to the Executive and the Executive’s family at least equal to those which would have been  provided to them, if the Executive’s employment had not been terminated, in accordance with the applicable  Benefit Plans in effect on the Measurement Date, until such dispute is resolved.  Following the resolution  of such dispute, the sum of the payments made to the Executive under clause (a) of this Section 5.3 shall  be deducted from any cash payment which the Executive is entitled to receive pursuant to Section 4; and if  such sum exceeds the amount of the cash payment which the Executive is entitled to receive pursuant to  Section 4, the excess of such sum over the amount of such payment shall be repaid (without interest) by the  Executive to the Company within 120 days of the resolution of such dispute.   6. Successors.  6.1 Successor to Company.  The Company shall require any successor (whether direct or  indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets  of the Company expressly to assume and agree to perform this Agreement to the same extent that the  Company would be required to perform it if no such succession had taken place, and such successor shall  be entitled to the same rights and benefits of the Company under this Agreement to the same extent that the  Company would be entitled to if no such succession had taken place. For the avoidance of doubt, from and  after the consummation of the Emerson Transactions, Emersub CX, Inc., a Delaware corporation, which  will be renamed “Aspen Technology, Inc.,” will be a successor to the Company as described in the  foregoing sentence. Failure of the Company to obtain an assumption of this Agreement at or prior to the  effectiveness of any succession shall be a breach of this Agreement and shall constitute Good Reason if the  Executive elects to terminate employment, except that for purposes of implementing the foregoing, the date  on which any such succession becomes effective shall be deemed the Date of Termination.  As used in this  Agreement, “Company” shall mean the Company as defined above and any successor to its business or  assets as aforesaid which assumes and agrees to perform this Agreement, by operation of law or otherwise.   6.2 Successor to Executive.  This Agreement shall inure to the benefit of and be enforceable  by the Executive’s personal or legal representatives, executors, administrators, successors, heirs,  distributees, devisees and legatees.  If the Executive should die while any amount would still be payable to  the Executive or the Executive’s family hereunder if the Executive had continued to live, all such amounts,  unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the  executors, personal representatives or administrators of the Executive’s estate.   7. Notice.  All notices, instructions and other communications given hereunder or in connection  herewith shall be in writing.  Any such notice, instruction or communication shall be sent either (i) by  registered or certified mail, return receipt requested, postage prepaid, or (ii)  prepaid via a reputable  nationwide overnight courier service, in each case addressed to the Company, at Aspen Technology, Inc.;  ATTN: Secretary; 20 Crosby Drive, Bedford MA 01730, and to the Executive at the Executive’s address  indicated on the signature page of this Agreement (or to such other address as either the Company or the  Executive may have furnished to the other in writing in accordance herewith).  Any such notice, instruction  or communication shall be deemed to have been delivered five business days after it is sent by registered  

 

13     or certified mail, return receipt requested, postage prepaid, or one business day after it is sent via a reputable  nationwide overnight courier service.  Either party may give any notice, instruction or other communication  hereunder using any other means, but no such notice, instruction or other communication shall be deemed  to have been duly delivered unless and until it actually is received by the party for whom it is intended.  8. Miscellaneous.  8.1 Non-Disclosure and Non-Competition and Non-Solicitation.  The Executive acknowledges  and reaffirms the Executive’s obligations with respect to non-disclosure, non-competition, and non- solicitation (and any other restrictions) reflected in the most recent Proprietary and Confidential Information  and Non-Competition and Non-Solicitation Agreement between the Executive and the Company.   Notwithstanding any other provision of this Agreement, in the event the Executive is deemed by the  Company to have violated Section 3(a) of such Proprietary and Confidential Information and Non- Competition and Non-Solicitation Agreement, the Company shall provide notice to the Executive and, upon  the deemed delivery of such notice pursuant to Section 7, all amounts payable or benefits to be provided by  the Company under Section 4 shall no longer be due and payable or required to be provided.  8.2 Section 409A of the Code. This Agreement is intended to comply with the provisions of  Section 409A and the Agreement shall, to the extent practicable, be construed in accordance therewith.   Terms defined in the Agreement shall have the meanings given such terms under Section 409A if and to  the extent required in order to comply with Section 409A.  8.3 Not an Employment Contract.  The Executive acknowledges that this Agreement does not  constitute a contract of employment or impose on the Company any obligation to retain the Executive as  an employee and that this Agreement does not prevent the Executive from terminating employment at any  time.  8.4 Employment by Subsidiary.  For purposes of this Agreement, the Executive’s employment  with the Company shall not be deemed to have terminated solely as a result of the Executive continuing to  be employed by a wholly-owned subsidiary of the Company.  8.5 Severability.  The invalidity or unenforceability of any provision of this Agreement shall  not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full  force and effect.  8.6 Injunctive Relief.  The Company and the Executive agree that any breach of this Agreement  by the Company is likely to cause the Executive substantial and irrevocable damage and therefore, in the  event of any such breach, in addition to such other remedies which may be available, the Executive shall  have the right to specific performance and injunctive relief.  8.7 Governing Law.  The validity, interpretation, construction and performance of this  Agreement shall be governed by the internal laws of the Commonwealth of Massachusetts, without regard  to conflicts of law principles.  8.8 Waivers.  No waiver by the Executive at any time of any breach of, or compliance with,  any provision of this Agreement to be performed by the Company shall be deemed a waiver of that or any  other provision at any subsequent time.  8.9 Counterparts.  This Agreement may be executed in counterparts, each of which shall be  deemed to be an original but both of which together shall constitute one and the same instrument.  

 

14     8.10 Tax Withholding.  Any payments provided for hereunder shall be paid net of any applicable  tax withholding required under federal, state or local law.  8.11 Entire Agreement.  Except as set forth in this Section 8.11, this Agreement sets forth the  entire agreement of the parties hereto in respect of the subject matter contained herein and supersedes all  prior or contemporaneous agreements, promises, covenants, arrangements, communications,  representations or warranties, whether oral or written, by any officer, employee or representative of any  party hereto in respect of the subject matter contained herein; and any such prior or contemporaneous  agreement of the parties hereto in respect of the subject matter contained herein is hereby terminated and  cancelled.  Notwithstanding the preceding sentence, the agreement referenced in Section 8.1 shall remain  in full force and effect.  8.12 Amendments.  This Agreement may be amended or modified only by a written instrument  executed by both the Company and the Executive.  8.13 Executive’s Acknowledgements.  The Executive acknowledges that the Executive: (a) has  read this Agreement; (b) has been represented in the preparation, negotiation, and execution of this  Agreement by legal counsel of the Executive’s own choice or has voluntarily declined to seek such counsel;  (c) understands the terms and consequences of this Agreement; and (d) understands that the law firm of  K&L Gates LLP has acted and is acting as counsel to the Company in connection with the transactions  contemplated by this Agreement, and is not acting as counsel for the Executive.  IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year set  forth above.  ASPEN TECHNOLOGY, INC.        By:     Name                   Title:           Name: [MANISH CHAWLA]        

 

15     Exhibit A  FORM OF GENERAL RELEASE OF CLAIMS    This General Release of Claims (the “General Release”) is being executed by Manish Chawla (the  “Executive”), for and in consideration of certain amounts payable under the Executive Retention  Agreement (the “Agreement”) entered into between the Executive and Aspen Technology, Inc. (the  “Company”), dated as of April 18, 2022.  The Executive agrees as follows:  The Executive, on behalf of the Executive and the Executive’s agents, heirs, executors, administrators,  successors and assigns, hereby fully, forever, irrevocably and unconditionally releases, remises and  discharges the Company, its officers, directors, stockholders, corporate affiliates, subsidiaries, parent  companies, agents and employees (each in their individual and corporate capacities) (hereinafter, the  “Released Parties”) from any and all claims, charges, complaints, demands, actions, causes of action, suits,  rights, debts, sums of money, costs, accounts, reckonings, covenants, contracts, agreements, promises,  doings, omissions, damages, executions, obligations, liabilities, and expenses (including attorneys’ fees and  costs), of every kind and nature that the Executive ever had or now has against the Released Parties,  including, but not limited to, any and all claims arising out of or relating to the Executive’s employment  with and/or separation from the Company, including, but not limited to, all claims under Title VII of the  Civil Rights Act of 1964, 42 U.S.C. § 2000e et seq., the Americans With Disabilities Act of 1990, 42 U.S.C.  § 12101 et seq., the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq., the Family and  Medical Leave Act, 29 U.S.C. § 2601 et seq., the Worker Adjustment and Retraining Notification Act  (“WARN”), 29 U.S.C. § 2101 et seq., Section 806 of the Corporate and Criminal Fraud Accountability Act  of 2002, 18 U.S.C. 1514(A), the Rehabilitation Act of 1973, 29 U.S.C. § 701 et seq., the Fair Credit  Reporting Act, 15 U.S.C. § 1681 et seq., the Employee Retirement Income Security Act of 1974 (“ERISA”),  29 U.S.C. § 1001 et seq., Employee Order 11246, and Employee Order 11141, all as amended; all claims  arising out of the Massachusetts Fair Employment Practices Act, M.G.L. c. 151B, § 1 et seq., the  Massachusetts Civil Rights Act, M.G.L. c. 12, §§ 11H and 11I, the Massachusetts Equal Rights Act, M.G.L.  c. 93, § 102 and M.G.L. c. 214, § 1C, the Massachusetts Labor and Industries Act, M.G.L. c. 149, § 1 et  seq., the Massachusetts Privacy Act, M.G.L. c. 214, § 1B, and the Massachusetts Maternity Leave Act,  M.G.L. c. 149, § 105D, all as amended; all common law claims including, but not limited to, actions in  defamation, intentional infliction of emotional distress, misrepresentation, fraud, wrongful discharge, and  breach of contract, all claims to any non-vested ownership interest in the Company, contractual or  otherwise, and any claim or damage arising out of the Executive’s employment with and/or separation from  the Company (including a claim for retaliation) under any common law theory or any federal, state or local  statute or ordinance not expressly referenced above; provided, however, that (a) nothing in this General  Release prevents the Executive from filing a charge with, cooperating with, or participating in any  proceeding before the Equal Employment Opportunity Commission or a state fair employment practices  agency (except that the Executive acknowledges that the Executive may not be able to recover any monetary  benefits in connection with any such claim, charge or proceeding); and (b) this General Release does not  include (i) any right to vested benefits to which the Executive may be entitled under any Company benefit  plan; (ii) any rights the Executive may have under the terms of this General Release; (iii)  any right to  indemnification arising out of the Executive’s employment with the Company pursuant to the Company’s  charter, bylaws or any policy of insurance maintained by the Company; and (iv) any rights that the  Executive has under the Agreement.  The Executive acknowledges that the Executive has been given at least 21 days to consider this  General Release, and that the Company advised the Executive to consult with an attorney of the Executive’s  own choosing prior to signing this General Release. The Executive understands that the Executive may  revoke this General Release for a period of seven days after the Executive signs this General Release by  notifying the Company’s General Counsel, in writing, and the General Release shall not be effective or  

 

16     enforceable until the expiration of this seven-day revocation period.  The Executive understands and agrees  that by entering into this General Release, the Executive is waiving any and all rights or claims the  Executive might have under the Age Discrimination in Employment Act, as amended by the Older Workers  Benefits Protection Act, and that the Executive has received consideration beyond that to which the  Executive was previously entitled.  IN WITNESS WHEREOF, the parties hereto have executed this General Release as of the day and year  set forth below.    ASPEN TECHNOLOGY, INC.        By: ____________________________________     Title: __________________________________    Date ___________________________________      [MANISH CHAWLA]      By: _______________________________________    Date ______________________________________

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