Document:

Option Agreement

 Exhibit 10.1 
 OPTION AGREEMENT 
 This Option Agreement (“Agreement”) is entered into as of
July 21, 2006, by and between Ambassadors Marine Group, LLC, a Delaware limited liability company (“Ambassadors”) and wholly-owned subsidiary of Ambassadors International, Inc., a Delaware corporation, and Nishida Tekko
Corporation, a Japanese corporation (the “Company”). These parties are sometimes referred to herein individually by name or as a “Party” and collectively as the “Parties.” 
 RECITALS 
 WHEREAS, the Company
is the holder of 100% of the issued and outstanding shares (the “Shares”) of Nishida Tekko America Corporation, a California corporation (“NTA”); 
 WHEREAS, concurrent with the execution of this Agreement, Ambassadors, the Company, NTA and BMI Acquisition Company, a Washington corporation and
wholly-owned subsidiary of NTA, have entered into a Stock Purchase Agreement, pursuant to which Ambassadors will acquire all of the Shares (the “Stock Purchase Agreement”); and 
 WHEREAS, Ambassadors has agreed to grant to the Company an option to purchase 49% of the Shares. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the foregoing, and the
mutual agreements set forth herein and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the Parties hereto, intending to be legally bound, hereby agree as follows: 
 SECTION 1. OPTION; OPTION EXERCISE 
 (a) Option
Grant. Ambassadors hereby grants to the Company an option (the “Option”) to purchase up to 49%, in the aggregate, of the Shares. Ambassadors hereby acknowledges and agrees that as of the Closing Date (as defined in
Section 3 below), the Option shall entitle Company in any event to purchase up to 49% of the aggregate of all voting capital stock of NTA and 49% of the total number of shares of all capital stock of NTA, then issued and outstanding, subject
and pursuant to the terms and conditions of this Agreement. 
 (b) Option Exercise. The Option may be exercised by the Company at any
time and from time to time from the date of this Agreement through 11:59 p.m., PST, on July 21, 2011 (the “Option Termination Time”). In the event that the Company elects to exercise the Option, in whole or in part, the Company
shall give written notice of its election to Ambassadors (the “Option Notice”) including a statement as to the number of shares to be purchased (the “Option Shares”). 
 SECTION 2. PURCHASE PRICE 
 (a)
Determination. The purchase price for the Option Shares shall be (i) up to Three Million Four Hundred Thirty Thousand Dollars ($3,430,000) and shall be calculated by dividing Seven Million Dollars ($7,000,000) by the total
number of shares of capital stock of NTA issued and outstanding as of the Closing Date, then multiplied by the number of Option Shares, plus 7% 

 
(the “Option Purchase Price”), (ii) plus 7% simple interest calculated on an annualized basis (based on a 365 day calendar year)
starting on the date of the closing of the Stock Purchase Agreement and up to and including the date of the Option Notice. 
 (b)
Payment. The Option Purchase Price shall be paid to Ambassadors at the Closing by wire transfer or other immediately available funds to an account designated by Ambassadors. Upon Ambassadors’ receipt of the Option Purchase Price,
Ambassadors shall instruct NTA to transfer the ownership of the Option Shares to the Company on the books and records of NTA (as discussed in Section 3(a) below). 
 SECTION 3. CLOSING 
 (a) The closing (the “Closing”) of the purchase of the Option
Shares by the Company pursuant to the exercise of the Option shall take place on a date reasonably specified by Ambassadors, but in no event later than five (5) business days following the effective date of the Option Notice as set forth in
Section 9(f) (the “Closing Date”), unless a later date is agreed to in writing by the Parties. On the Closing Date and upon receipt of the Option Purchase Price, Ambassadors shall cause a duly executed assignment document
transferring the Option Shares from Ambassadors to the Company, in a form reasonably acceptable to the Company, to be delivered to NTA with appropriate instructions for NTA to record the transfer on its books and records. 
 (b) Each Party to this Agreement agrees to perform any further acts and execute and deliver any documents that may be reasonably necessary to carry out
the provisions of this Agreement and the transfer of such shares to the Company. 
 SECTION 4. TERMINATION 
 (a) This Agreement shall terminate immediately, and the Option granted hereunder shall immediately terminate, without any further notice or action of the
Parties, upon the first to occur of the following events: 
 (i) The Option Termination Time, unless the Option has been
exercised by the Company by delivering the Option Notice to Ambassadors on or prior to the Option Termination Time; 
 (ii)
Any sale, issuance or other transfer of the voting capital stock of the Company which results a change in the direct or indirect voting control of (or a change in the identity of any person, persons, entity or entities with the power to vote or
control) at least 50% of the voting capital stock of the Company (a “Change in Control”); 
 (iii) Upon the
filing against the Company in any court or equivalent body, pursuant to any statute, of a petition in bankruptcy or insolvency, including but not limited to bankruptcy (Hasan), civil rehabilitation (Minji Saisei), corporate
reorganization (Kaisha Kosei), special liquidation (Tokubetsu Seisan), or for the appointment of a receiver or trustee of all or a portion of the assets of the Company; 
  

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 (iv) Upon the Company making an assignment for the benefit of creditors of this Agreement
or the Option granted herein, or petitioning for or entering into such an arrangement, or permitting this Option Agreement to be taken under any writ of execution or attachment; or 
 (v) Upon the assignment of this Option Agreement, in whole or in part (whether by operation of law or otherwise), without the prior
written consent of Ambassadors as required by Section 9(a) hereof. 
 (b) Following the Closing of the purchase of the Option Shares by
the Company, this Agreement shall continue in full force and effect and shall not be terminable by either Party except upon the mutual agreement of the Parties. 
 SECTION 5. TRANSFER & OTHER RESTRICTIONS 
 From the date of this Agreement until the Option Termination Time, Ambassadors shall not
cause or permit the following, without the Company’s prior written consent, which shall not be unreasonably withheld: 
 (a) The sale,
assignment, gifting, pledge, encumbrance, mortgage, hypothecation or other transfer, whether by voluntary or involuntary acts, including by operation of law or otherwise (“Transfer”) of any Option Shares, whether by merger,
consolidation or business combination of NTA with any other entity or otherwise; 
 (b) The issuance or promise to issue any other shares of
capital stock of NTA (whether by option, warrant, convertible debt, contract or otherwise, whether now or in the future); 
 (c) The
subdivision of the Shares of NTA into a larger number of shares of NTA common stock, the combination of the Shares into a smaller number of shares of common stock, by a reverse stock split or otherwise, or any other change in the capital stock of or
recapitalization of NTA; or 
 (d) The voluntary dissolution of NTA. 
 SECTION 6. FINANCIAL STATEMENTS 
 From the date of this Agreement until the Option Termination Time,
Ambassadors shall deliver to the Company quarterly balance sheets and the related statements of income and statement of changes in financial position of NTA. 
 SECTION 7. REPRESENTATIONS AND WARRANTIES 
 (a) Representations and Warranties of the Company. The Company hereby
makes the following representations and warranties to Ambassadors, each of which shall be renewed at the Closing: 
 (i) The
Company is a corporation duly organized and validly existing under the laws of Japan. The Company has the corporate power to own its properties and to carry on its business as now being conducted. 
  

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 (ii) The Company has all requisite corporate power and corporate authority to enter into
this Agreement. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of the Company, and no further action is required on
the part of the Company to authorize this Agreement and consummate the transactions contemplated hereby. This Agreement has been duly executed and delivered by the Company, and assuming the due authorization, execution and delivery by Ambassadors
constitutes a legal, valid and binding obligation of the Company, enforceable in accordance with its terms, except as such enforceability may be limited by principles of public policy and subject to the laws of general application relating to
bankruptcy, insolvency and the relief of debtors and to rules of law governing specific performance, injunctive relief or other equitable remedies. 
 (iii) The execution and delivery by the Company of this Agreement and the consummation of the transactions contemplated hereby will not (a) conflict with or result in a breach of any provision of the Certificate
of Incorporation or Bylaws or equivalent organizational documents of the Company, or (b) violate or conflict with any judgment, order, decree, statute, law, ordinance, rule or regulation applicable to the Company or its properties or assets.

 (iv) No consent, waiver, approval, order or authorization of, or registration, declaration or filing with any court,
administrative agency or commission or other federal, state, county, local or other foreign governmental authority, instrumentality, agency or commission (“Governmental Entity”) or any third party is required by or with respect to
the Company in connection with the execution and delivery of this Agreement and/or the consummation of the transactions contemplated hereby. 
 (b) Representations and Warranties of Ambassadors. Ambassadors hereby makes the following representations and warranties to the Company, and each of which shall be renewed at the Closing: 
 (i) Ambassadors is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware.
Ambassadors has the corporate power to own its properties and to carry on its business as now being conducted. 
 (ii)
Ambassadors has all requisite corporate power and corporate authority to enter into this Agreement. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary
corporate action on the part of Ambassadors, and no further action is required on the part of Ambassadors to authorize this Agreement and consummate the transactions contemplated hereby. This Agreement has been duly executed and delivered by
Ambassadors, and assuming the due authorization, execution and delivery by the Company constitutes a legal, valid and binding obligation of Ambassadors, enforceable in accordance with its terms, except as such enforceability may be limited by
principles of public policy and subject to the laws of general application relating to bankruptcy, insolvency and the relief of debtors and to rules of law governing specific performance, injunctive relief or other equitable remedies. 
  

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 (iii) The execution and delivery by Ambassadors of this Agreement and the consummation of
the transactions contemplated hereby will not (a) conflict with or result in a breach of any provision of the Certificate of Incorporation or Bylaws of Ambassadors, or (b) violate or conflict with any judgment, order, decree, statute, law,
ordinance, rule or regulation applicable to Ambassadors or its properties or assets. 
 (iv) No consent, waiver, approval,
order or authorization of, or registration, declaration or filing with any Governmental Entity or any third party is required by or with respect to Ambassadors in connection with the execution and delivery of this Agreement and/or the consummation
of the transactions contemplated hereby. 
 SECTION 8. REPURCHASE OF SHARES 
 (a) If any of the events listed in Section 4(a)(ii), (iii) or (iv) shall occur at any time after the Closing, Ambassadors shall have the
right to repurchase the Option Shares from the Company for an amount equal to the Option Purchase Price. 
 (b) Ambassadors shall exercise
the repurchase right by giving written notice of its election to exercise such right to the Company (the “Repurchase Notice”). The closing of the repurchase shall proceed pursuant to the procedures set forth in Section 3(a).

 SECTION 9. MISCELLANEOUS 
 (a)
Assignment. Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any of the Parties hereto, in whole or in part (whether by operation of law or otherwise), without the prior written consent of
the other Party, and any attempt to make any such assignment without such consent shall be null and void; provided, however, Ambassadors may assign this Agreement and its rights, interests or obligations hereunder to any entity or
person who acquires all or substantially all of the capital stock or assets of Ambassadors (whether by purchase, merger, reconsolidation or otherwise). Subject to the preceding sentence, this Agreement will be binding upon, inure to the benefit of
and be enforceable by the Parties and their respective successors and assigns. 
 (b) Specific Performance, Etc. Ambassadors and the
Company, in addition to being entitled to exercise all rights provided herein or granted by law, including recovery of damages, shall be entitled to specific performance of each other Parties’ obligations under this Agreement. Ambassadors and
the Company agree that monetary damages would not be adequate compensation for any loss incurred by reason of a breach by any of them of the provisions of this Agreement and each hereby agrees to waive the defense in any action for specific
performance that a remedy at law would be adequate. 
 (c) Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Delaware. 
  

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 (d) Arbitration. Any disagreement, dispute, controversy or claim arising out of or relating to
this Agreement or the breach hereof (whether sounding in contract or tort), shall be resolved exclusively and finally by arbitration in accordance with the following procedures: 
 (i) The arbitration shall be conducted in Orange County, California, or such other location as the Parties mutually agree. 
 (ii) The arbitration proceedings will be conducted in accordance with, and pursuant to, the Commercial Arbitration Rules (the
“Arbitration Rules”) of the American Arbitration Association. In the event of any conflict between the Arbitration Rules and the provisions of this Section 9(d), the provisions of this Section 9(d) shall control.

 (iii) There will be a single neutral arbitrator (“Arbitrator”) who will be selected pursuant to the
Arbitration Rules. 
 (iv) The Arbitrator will have the power to grant all appropriate legal and equitable relief, both by way
of interim relief and as a part of the final award, as may be granted by any court of competent jurisdiction, in order to carry out the terms of this Agreement (including, without limitation, declaratory and injunctive relief and damages, but in no
event shall the Arbitrator have the authority to award punitive or exemplary damages). The Arbitrator will also have the power to direct that the Party that substantially prevails in any proceeding conducted pursuant to this Section 9(d) be
paid his or its reasonable attorneys’ fees by the other Party or Parties, to the extent the Arbitrator deems appropriate. All awards and orders of the Arbitrator, including interim relief, may be enforced by any court of competent jurisdiction.

 (v) The Parties intend that the arbitration proceedings be conducted as expeditiously as possible and that appropriate
rights of discovery (including the right to depose witnesses, submit interrogatories and request documents) be granted to each Party. In that regard, the Parties agree to work together and with the Arbitrator in good faith to arrive upon mutually
acceptable procedures regarding the time limits for, and type and degree of, such rights of discovery and the periods of time within which the matters submitted to arbitration must be heard and determined by the Arbitrator. If the Parties are unable
to so agree, such issues will be submitted to the Arbitrator for his or her determination. If proper notice of any hearing has been given, the Arbitrator will have full power to proceed to take evidence or to perform any other acts necessary to
arbitrate the matter in the absence of any Party who fails to appear without good reason. At the request of any Party, the Arbitrator, attorneys, parties to the arbitration, witnesses, experts, court reporters or other persons present at the
arbitration shall agree in writing to maintain the strict confidentiality of the arbitration proceedings. 
 (vi)
Notwithstanding the foregoing, a Party may apply to a court of competent jurisdiction within the State of California for relief in the form of a temporary restraining order or preliminary injunction, or other provisional remedy pending appointment
of an Arbitrator or pending final determination of a dispute through arbitration in accordance with this Section 9(d). In the event a dispute is submitted to arbitration hereunder during the term of this Agreement, the parties shall continue to
perform their respective obligations hereunder, subject to any interim relief that may be ordered by the Arbitrator or by a court of competent jurisdiction pursuant to the previous sentence. 
  

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 (vii) The Parties, by written stipulation, may expand or contract the rights, duties or
obligations provided above, or otherwise modify the arbitration procedures as suits their convenience, consistent with that which is otherwise permissible within the framework of the Arbitration Rules. 
 (viii) Any decision or award of the Arbitrator shall be final and binding upon the Parties to the arbitration proceeding except for fraud
or failure to provide a hearing. The Parties hereto hereby waive to the extent permitted by law any rights to appeal or to review of such award by any court or tribunal. The Parties agree that the award of the Arbitrator may be enforced against the
Parties to the proceeding or their assets wherever they may be found and that a judgment upon the award may be entered in any court having jurisdiction thereof. 
 (e) Interpretation. The headings of the Sections contained in this Agreement are solely for the purpose of reference, are not part of the agreement of the Parties and shall not affect the meaning or
interpretation of this Agreement. 
 (f) Notices. All notices and other communications provided for or permitted hereunder shall be in
writing and shall be deemed to have been duly given and effective as of the date dispatched if sent by overnight courier, hand delivery or facsimile transmission; when sent if sent by telecopy; or five days after mailing if sent by registered or
certified mail (return receipt requested) postage prepaid, addressed as follows (or at such other address for any Party as shall be specified by like notices, provided that notices of a change of address shall be effective only upon receipt
thereof): 
 If to the Company, at: 
 Nishida Tekko Corporation 
 4541 Matsuyama Cho, Uto City 
 Kumamoto, Japan 
 Telephone: +
81-964-23-1111 
 Facsimile: + 81-964-26-1000 
 Attn: Mr. Shinichi Nishida, President & Representative Director 
 with copies to: 

Garvey Schubert Barer 
 Eighteenth Floor

 1191 Second Avenue 
 Seattle,
WA 98101-2930 
 Attention: Sara P. Sandford 
 Facsimile: (206) 464-0125 
 Telephone: (206) 464-3939 
  

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 If to Ambassadors, at: 
 Ambassadors Marine Group, LLC 
 1071 Camelback Street 
 Newport Beach, California 92660 
 Attention:
Joseph J. Ueberroth, Chairman 
 Facsimile: (949) 759-5901 
 Telephone: (949) 759-5900 
 with copies to: 
 Latham & Watkins LLP 
 650 Town
Center Drive, Suite 2000 
 Costa Mesa, California 92626 
 Attention: Charles K. Ruck 
 Facsimile: (714) 755-8290 
 Telephone: (714) 540-1235 
 (g)
Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed to be an original and all of which together shall be deemed to constitute one and the same agreement. 
 (h) Severability. In the event that any one or more of the provisions contained herein, or the application thereof in any circumstances, is held
invalid, illegal, or unenforceable in any respect for any reason, the validity, legality, and enforceability of any such provision in every other respect and of the remaining provisions contained herein shall not be in any way impaired thereby.

 (i) Amendment. This Agreement may be amended only by written agreement signed by each of Ambassadors and the Company. 

(j) Entire Agreement. This writing constitutes the entire agreement of the Parties with respect to the subject matter hereof. 
 (Signature Page Follows) 
  

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 IN WITNESS WHEREOF, the Parties have executed this Agreement on the date first written above. 
  

			
	 AMBASSADORS MARINE GROUP, LLC

		
	 By:  
	 	 /s/ Joseph J. Ueberroth

		 	 President and Chief Executive Officer

  

			
	 NISHIDA TEKKO CORPORATION

		
	 By:  
	 	 /s/ Shinichi Nishida

		 	 President & Representative Director

 Signature Page to Option AgreementIndemnification Agreement

 Exhibit 10.1 
 ANSYS DIRECTOR INDEMNIFICATION AGREEMENT 
 THIS AGREEMENT made and entered into this 25th day
of July, 2006 (“Agreement”), by and among ANSYS, Inc., a Delaware corporation (and where appropriate, any Entity (as hereinafter defined) controlled directly or indirectly by any it (collectively, the “Companies,”
and individually, a “Company”)) and Daniel H. Blumenthal (“Indemnitee”): 
 WHEREAS, it is essential
to the Companies that they be able to retain and attract as directors the most capable persons available; 
 WHEREAS, increased
corporate litigation has subjected directors to litigation risks and expenses, and the limitations on the availability of directors and officers liability insurance have made it increasingly difficult for the Companies to attract and retain such
persons; 
 WHEREAS, their respective by-laws require the Companies to indemnify their directors to the fullest extent permitted by
law and permit them to make other indemnification arrangements and agreements; 
 WHEREAS, the Companies desire to provide Indemnitee
with specific contractual assurance of Indemnitee’s rights to full indemnification against litigation risks and expenses (regardless, among other things, of any amendment to or revocation of any of the Companies’ by-laws or any change in
the ownership of any of the Companies or the composition of any of their respective Boards of Directors), which indemnification is intended to be greater than that which is afforded by the Companies’ respective certificates of incorporation,
by-laws and, to the extent insurance is available, the coverage of Indemnitee under the Companies’ respective directors and officers liability insurance policies; and 
 WHEREAS, Indemnitee is relying upon the rights afforded under this Agreement in continuing in Indemnitee’s position as a director of each of
the Companies: 
 NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the Companies and Indemnitee do
hereby covenant and agree as follows: 
 1. Definitions. 
 (a) “Corporate Status” describes the status of a person who is serving or has served (i) as a director of any of the Companies, (ii) in any capacity with respect to any employee benefit plan
of any of the Companies, or (iii) as a director, partner, trustee, officer, employee, or agent of any other Entity at the request of any of the Companies. 
 (b) “Entity” shall mean any corporation, partnership, joint venture, trust, foundation, association, organization or other legal entity and any group or division of any Company or any of its
subsidiaries. 
  

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 (c) “Expenses” shall mean all reasonable fees, costs and expenses incurred in connection
with any Proceeding (as defined below), including, without limitation, attorneys’ fees, disbursements and retainers (including, without limitation, any such fees, disbursements and retainers incurred by Indemnitee pursuant to Sections 10
and 11(c) of this Agreement), fees and disbursements of expert witnesses, private investigators and professional advisors (including, without limitation, accountants and investment bankers), court costs, transcript costs, fees of experts, travel
expenses, duplicating, printing and binding costs, telephone and fax transmission charges, postage, delivery services, secretarial services, and other disbursements and expenses. 
 (d) “Indemnifiable Expenses,” “Indemnifiable Liabilities” and “Indemnifiable Amounts” shall have the
meanings ascribed to those terms in Section 3(a) below. 
 (e) “Liabilities” shall mean judgments, damages,
liabilities, losses, penalties, excise taxes, fines and amounts paid in settlement. 
 (f) “Proceeding” shall mean any
threatened, pending or completed claim, action, suit, arbitration, alternate dispute resolution process, investigation, administrative hearing, appeal, or any other proceeding, whether civil, criminal, administrative or investigative, whether formal
or informal, including a proceeding initiated by Indemnitee pursuant to Section 10 of this Agreement to enforce Indemnitee’s rights hereunder. 
 2. Services of Indemnitee. In consideration of each Company’s covenants and commitments hereunder, Indemnitee agrees to serve or continue to serve as a director of such Company. However, this Agreement
shall not impose any obligation on Indemnitee or any Company to continue Indemnitee’s service to such Company beyond any period otherwise required by law or by other agreements or commitments of the parties, if any. 
 3. Agreement to Indemnify. The Companies agree to indemnify Indemnitee as follows: 
 (a) Subject to the exceptions contained in Section 4(a) below, if Indemnitee was or is a party or is threatened to be made a party to any Proceeding
(other than an action by or in the right of one or more of the Companies) by reason of Indemnitee’s Corporate Status, Indemnitee shall be indemnified by the Companies against all Expenses and Liabilities incurred or paid by Indemnitee in
connection with such Proceeding (referred to herein as “Indemnifiable Expenses” and “Indemnifiable Liabilities,” respectively, and collectively as “Indemnifiable Amounts”). 
 (b) Subject to the exceptions contained in Section 4(b) below, if Indemnitee was or is a party or is threatened to be made a party to any Proceeding
by or in the right of one or more of the Companies to procure a judgment in its favor by reason of Indemnitee’s Corporate Status, Indemnitee shall be indemnified by the Companies against all Indemnifiable Expenses. 
  

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 4. Exceptions to Indemnification. Indemnitee shall be entitled to indemnification under
Sections 3(a) and 3(b) above in all circumstances other than the following: 
 (a) If indemnification is requested under
Section 3(a) and 
 (i) it has been adjudicated finally by a court of competent jurisdiction that, in connection with the
subject of the Proceeding out of which the claim for indemnification has arisen, Indemnitee failed to act in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company with respect to which
Indemnitee’s Corporate Status has given rise to a claim against Indemnitee (the “Relevant Company”), or, with respect to any criminal action or proceeding, Indemnitee had reasonable cause to believe that Indemnitee’s
conduct was unlawful, Indemnitee shall not be entitled to payment of Indemnifiable Amounts hereunder; or 
 (ii) the subject
of the Proceeding out of which the claim for indemnification has arisen (A) relates to or is in connection with any matter relating to that certain Agreement and Plan of Merger, dated February 15, 2006, by and among the Company, ANSYS XL,
LLC, BEN I, Inc., HINES II, Inc., Heat Holdings Corp., Aavid Thermal Technologies, Inc., TROY III, Inc., Fluent Inc. and the Principal Stockholders and Stockholders’ Representative named therein (the “Merger Agreement”) and
(B) relates to or is in connection with any actions taken by, or matters relating to, Indemnitee in any capacity other than as a Director of the Company. 
 (b) If indemnification is requested under Section 3(b) and 
 (i) it has been adjudicated
finally by a court of competent jurisdiction that, in connection with the subject of the Proceeding out of which the claim for indemnification has arisen, Indemnitee failed to act in good faith and in a manner Indemnitee reasonably believed to be in
or not opposed to the best interests of the Relevant Company, Indemnitee shall not be entitled to payment of Indemnifiable Expenses hereunder; 
 (ii) it has been adjudicated finally by a court of competent jurisdiction that Indemnitee is liable to the Relevant Company with respect to any claim, issue or matter involved in the Proceeding out of which the claim
for indemnification has arisen, including, without limitation, a claim that Indemnitee received an improper personal benefit, no Indemnifiable Expenses shall be paid with respect to such claim, issue or matter unless the Court of Chancery or another
court in which such Proceeding was brought shall determine upon application that, despite the adjudication of liability, but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for such
Indemnifiable Expenses which such court shall deem proper; or 
 (iii) it has been finally adjudicated by a court of competent
jurisdiction that Indemnitee is liable to the Company for an accounting of profits made from the purchase or sale by the Indemnitee of securities of the Company pursuant to the provisions 

  

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of Section 16(b) of the Securities Exchange Act of 1934, the rules and regulations promulgated thereunder and amendments thereto or successor provisions
of any federal, state or local statutory law, Indemnitee shall not be entitled to payment of Indemnifiable Expenses hereunder. 
 5.
Procedure for Payment of Indemnifiable Amounts. Indemnitee shall submit to the Companies a written request specifying the Indemnifiable Amounts for which Indemnitee seeks payment under Section 3 of this Agreement and the basis for the
claim. The Companies shall pay such Indemnifiable Amounts to Indemnitee within twenty (20) calendar days of receipt of the request. At the request of the Companies, Indemnitee shall furnish such documentation and information as are reasonably
available to Indemnitee and necessary to establish that Indemnitee is entitled to indemnification hereunder. 
 6. Indemnification for
Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provision of this Agreement, and without limiting any such provision, to the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a party to
and is successful, on the merits or otherwise, in any Proceeding, Indemnitee shall be indemnified against all Expenses reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection therewith. If Indemnitee is not wholly successful
in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Companies shall indemnify Indemnitee against all Expenses reasonably incurred by Indemnitee or on
Indemnitee’s behalf in connection with each successfully resolved claim, issue or matter. For purposes of this Agreement, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be
deemed to be a successful result as to such claim, issue or matter. 
 7. Effect of Certain Resolutions. Neither the settlement or
termination of any Proceeding nor the failure of a Company to award indemnification or to determine that indemnification is payable shall create an adverse presumption that Indemnitee is not entitled to indemnification hereunder. In addition, the
termination of any proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent shall not create a presumption that Indemnitee did not act in good faith and in a manner which Indemnitee reasonably
believed to be in or not opposed to the best interests of a Company or, with respect to any criminal action or proceeding, had reasonable cause to believe that Indemnitee’s action was unlawful. 
 8. Agreement to Advance Interim Expenses; Conditions. The Companies shall pay to Indemnitee all Indemnifiable Expenses incurred by Indemnitee in
connection with any Proceeding, including a Proceeding by or in the right of one or more of the Companies, in advance of the final disposition of such Proceeding, if Indemnitee furnishes the Companies with a written undertaking to repay the amount
of such Indemnifiable Expenses paid to Indemnitee if it is finally determined by a court of competent jurisdiction that Indemnitee is not entitled under this Agreement to indemnification with respect to such Expenses. Such undertaking shall be an
unlimited general obligation of Indemnitee, shall be accepted by the Companies without regard to the financial ability of Indemnitee to make repayment, and in no event shall be required to be secured. 
  

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 9. Procedure for Payment of Interim Expenses. Indemnitee shall submit to the Companies a written
request specifying the Indemnifiable Expenses for which Indemnitee seeks an advancement under Section 8 of this Agreement, together with documentation evidencing that Indemnitee has incurred such Indemnifiable Expenses. Payment of Indemnifiable
Expenses under Section 8 shall be made no later than twenty (20) calendar days after the Companies’ receipt of such request and the undertaking required by Section 8. 
 10. Remedies of Indemnitee. 
 (a)
Right to Petition Court. In the event that Indemnitee makes a request for payment of Indemnifiable Amounts under Sections 3 and 5 above or a request for an advancement of Indemnifiable Expenses under Sections 8 and 9 above and the
Companies fail to make such payment or advancement in a timely manner pursuant to the terms of this Agreement, Indemnitee may petition the Court of Chancery to enforce the Companies’ obligations under this Agreement. 
 (b) Burden of Proof. In any judicial proceeding brought under Section 10(a) above, the Companies shall have the burden of proving that
Indemnitee is not entitled to payment of Indemnifiable Amounts hereunder. 
 (c) Expenses. The Companies agree to reimburse Indemnitee
in full for any Expenses incurred by Indemnitee in connection with investigating, preparing for, litigating, defending or settling any action brought by Indemnitee under Section 10(a) above, or in connection with any claim or counterclaim
brought by the Companies in connection therewith. 
 (d) Validity of Agreement. The Companies shall be precluded from asserting in any
Proceeding, including, without limitation, an action under Section 10(a) above, that the provisions of this Agreement are not valid, binding and enforceable or that there is insufficient consideration for this Agreement and shall stipulate in
court that the Companies are bound by all the provisions of this Agreement. 
 (e) Failure to Act Not a Defense. The failure of any of
the Companies (including its Board of Directors or any committee thereof, independent legal counsel, or stockholders) to make a determination concerning the permissibility of the payment of Indemnifiable Amounts or the advancement or Indemnifiable
Expenses under this Agreement shall not be a defense in any action brought under Section 10(a) above, and shall not create a presumption that such payment or advancement is not permissible. 
 11. Defense of the Underlying Proceeding. 
 (a) Notice by Indemnitee. Indemnitee agrees to notify the Companies promptly upon being served with any summons, citation, subpoena, complaint, indictment, 

  

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information, or other document relating to any Proceeding which may result in the payment of Indemnifiable Amounts or the advancement of Indemnifiable
Expenses hereunder; provided, however, that the failure to give any such notice shall not disqualify Indemnitee from the right to receive payments of Indemnifiable Amounts or advancements of Indemnifiable Expenses unless the Companies’ ability
to defend in such Proceeding is materially and adversely prejudiced. 
 (b) Defense by Companies. Subject to the provisions of the
last sentence of this Section 11(b) and of Section 11(c) below, the Companies shall have the right to defend Indemnitee in any Proceeding which may give rise to the payment of Indemnifiable Amounts hereunder; provided, however that the
Companies shall notify Indemnitee of any such decision to defend within ten (10) days of receipt of notice of any such Proceeding under Section 11(a) above. The Companies shall not, without the prior written consent of Indemnitee, consent
to the entry of any judgment against Indemnitee or enter into any settlement or compromise which does not include, as an unconditional term thereof, the full release of Indemnitee from all liability in respect of such Proceeding, which release shall
be in form and substance satisfactory to Indemnitee. This Section 11(b) shall not apply to a Proceeding brought by Indemnitee under Section 10(a) above or pursuant to Section 19 below. 
 (c) Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 11(b) above, if in a Proceeding to which Indemnitee
is a party by reason of Indemnitee’s Corporate Status, Indemnitee has separate defenses or counterclaims to assert with respect to any issue which may not be consistent with the position of other defendants in such Proceeding, Indemnitee shall
be entitled to be represented by separate legal counsel of Indemnitee’s choice at the expense of the Companies. In addition, if any of the Companies fails to comply with any of its obligations under this Agreement or in the event that any of
the Companies or any other person takes any action to declare this Agreement void or unenforceable, or institutes any action, suit or proceeding to deny or to recover from Indemnitee the benefits intended to be provided to Indemnitee hereunder,
Indemnitee shall have the right to retain counsel of Indemnitee’s choice, at the expense of the Companies, to represent Indemnitee in connection with any such matter. 
 12. Representations and Warranties of the Companies. Each of the Companies hereby represents and warrants to Indemnitee as follows: 
 (a) Authority. Such Company has all necessary power and authority to enter into, and be bound by the terms of, this Agreement, and the execution,
delivery and performance of the undertakings contemplated by this Agreement have been duly authorized by the Company. 
 (b)
Enforceability. This Agreement, when executed and delivered by such Company in accordance with the provisions hereof, shall be a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms,
except as such enforceability may be limited by applicable bankruptcy, insolvency, moratorium, reorganization or similar laws affecting the enforcement of creditors’ rights generally. 
 13. Insurance. The Companies shall, from time to time, make the good faith determination whether or not it is practicable for the Companies to
obtain and maintain a policy 

  

 6 

 
or policies of insurance with reputable insurance companies providing the Indemnitee with coverage for losses from wrongful acts, and to ensure the
Companies’ performance of their indemnification obligations under this Agreement. Among other considerations, the Companies will weigh the costs of obtaining such insurance coverage against the protection afforded by such coverage. In all
policies of director and officer liability insurance, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Companies’ officers and
directors. Notwithstanding the foregoing, the Companies shall have no obligation to obtain or maintain such insurance if the Companies determine in good faith that such insurance is not reasonably available, if the premium costs for such insurance
are disproportionate to the amount of coverage provided, or if the coverage provided by such insurance is limited by exclusions so as to provide an insufficient benefit. 
 14. Contract Rights Not Exclusive. The rights to payment of Indemnifiable Amounts and advancement of Indemnifiable Expenses provided by this Agreement shall be in addition to, but not exclusive of, any other
rights which Indemnitee may have at any time under applicable law, any Company’s by-laws or certificate of incorporation, or any other agreement, vote of stockholders or directors, or otherwise, both as to action in Indemnitee’s official
capacity and as to action in any other capacity as a result of Indemnitee’s serving as a director of any of the Companies. 
 15.
Successors. This Agreement shall be (a) binding upon all successors and assigns of each of the Companies (including any transferee of all or a substantial portion of the business, stock and/or assets of any Company and any direct or
indirect successor by merger or consolidation or otherwise by operation of law) and (b) binding on and shall inure to the benefit of the heirs, personal representatives, executors and administrators of Indemnitee. This Agreement shall continue
for the benefit of Indemnitee and such heirs, personal representatives, executors and administrators after Indemnitee has ceased to have Corporate Status. 
 16. Subrogation. In the event of any payment of Indemnifiable Amounts under this Agreement, the Companies shall be subrogated to the extent of such payment to all of the rights of contribution or recovery of
Indemnitee against other persons, and Indemnitee shall take, at the request of the Companies, all reasonable action necessary to secure such rights, including the execution of such documents as are necessary to enable the Companies to bring suit to
enforce such rights. 
 17. Change in Law. To the extent that a change in Delaware law (whether by statute or judicial decision) shall
permit broader indemnification than is provided under the terms of the by-laws of the Companies and this Agreement, Indemnitee shall be entitled to such broader indemnification and this Agreement shall be deemed to be amended to such extent.

 18. Severability. Whenever possible, each provision of this Agreement shall be interpreted in such a manner as to be effective and
valid under applicable law, but if any provision of this Agreement, or any clause thereof, shall be determined by a court of competent jurisdiction to be illegal, invalid or unenforceable, in whole or in part, such provision or clause 

  

 7 

 
shall be limited or modified in its application to the minimum extent necessary to make such provision or clause valid, legal and enforceable, and the
remaining provisions and clauses of this Agreement shall remain fully enforceable and binding on the parties. 
 19. Indemnitee as
Plaintiff. Except as provided in Section 10(c) of this Agreement and in the next sentence, Indemnitee shall not be entitled to payment of Indemnifiable Amounts or advancement of Indemnifiable Expenses with respect to any Proceeding brought
by Indemnitee against any Company, any Entity which it controls, any director or officer thereof, or any third party, unless such Company has consented to the initiation of such Proceeding. This Section shall not apply to counterclaims or
affirmative defenses asserted by Indemnitee in an action brought against Indemnitee. 
 20. Joint and Several Liability. The
obligations of the Companies hereunder shall be joint and several. 
 21. Modifications and Waiver. Except as provided in
Section 17 above with respect to changes in Delaware law which broaden the right of Indemnitee to be indemnified by the Companies, no supplement, modification or amendment of this Agreement shall be binding unless executed in writing by each of
the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions of this Agreement (whether or not similar), nor shall such waiver constitute a continuing waiver.

 22. General Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to
have been duly given (a) when delivered by hand, (b) when transmitted by facsimile and receipt is acknowledged, or (c) if mailed by certified or registered mail with postage prepaid, on the third business day after the date on which
it is so mailed: 
 (i) If to Indemnitee, to: 
 Daniel H. Blumenthal 
 One North Wacker Drive 
 Suite 4800 
 Chicago, IL 60606 
 (ii) If to the Companies, to: 
 ANSYS, Inc. 
 275 Technology Drive 
 Canonsburg, PA 15317 
 Attention: President 
 Facsimile No.: (724) 514-3091 
 or to such other address as may have been furnished in the same manner by any
party to the others. 
  

 8 

 23. Governing Law. This Agreement shall be governed by and construed and enforced under the laws
of Delaware without giving effect to the provisions thereof relating to conflicts of law. 
 24. Consent to Jurisdiction. The
Companies hereby irrevocably and unconditionally consent to the jurisdiction of the courts of the State of Delaware and the United States District Court for the District of Delaware. The Companies hereby irrevocably and unconditionally waive any
objection to the laying of venue of any Proceeding arising out of or relating to this Agreement in the courts of the State of Delaware or the United States District Court for the District of Delaware, and hereby irrevocably and unconditionally waive
and agree not to plead or claim that any such Proceeding brought in any such court has been brought in an inconvenient forum. 
 25.
Agreement Governs. This Agreement is to be deemed consistent wherever possible with relevant provisions of the Companies’ respective by-laws and certificates of incorporation; however, in the event of a conflict between this Agreement and
such provisions, the provisions of this Agreement shall control. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first
above written. 
  

			
	ANSYS, INC.
		
	 By:
	 	 /s/ Peter J. Smith
  

	 Name:
	 	 Peter J. Smith

	 Title:
	 	 Chairman of the Board of Directors

 INDEMNITEE 
  

	
	 /s/ Daniel H. Blumenthal
  

 Daniel H. Blumenthal

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