Document:

Exhibit 10.15s

 

NINETEENTH
AMENDMENT TO NON-RECOURSE RECEIVABLES PURCHASE AGREEMENT

 

This Nineteenth Amendment
to Non-Recourse Receivables Purchase Agreement (this “Amendment”) is entered
into as of May         , 2009, by
and between SILICON VALLEY BANK, a
California corporation, with its principal place of business at 3003 Tasman
Drive, Santa Clara, California 95054 and with a loan production office located
at One Newton Executive Park, Suite 200, 2221 Washington Street, Newton,
Massachusetts 02462 (“Buyer”) and ASPEN
TECHNOLOGY, INC., a Delaware corporation with offices at 200 Wheeler
Road, Burlington, Massachusetts 01803 (“Seller”).

 

1.                                       DESCRIPTION OF EXISTING AGREEMENT. Reference is made to a certain
Non-Recourse Receivables Purchase Agreement by and between Buyer and Seller
dated as of December 31, 2003, as amended by a certain First Amendment to
Non-Recourse Receivables Purchase Agreement dated June 30, 3004, as further
amended by a certain Second Amendment to Non-Recourse Receivables Purchase
Agreement dated September 30, 2004, as further amended by a certain Third
Amendment to Non-Recourse Receivables Purchase Agreement dated December 31,
2004, as further amended by a certain Fourth Amendment to Non-Recourse
Receivables Purchase Agreement dated March 8, 2005, as further amended by
a certain Fifth Amendment to Non-Recourse Receivables Purchase Agreement dated March 31,
2005, as further amended by a certain Sixth Amendment to Non-Recourse
Receivables Purchase Agreement dated December 29, 2005, as further amended
by a certain Seventh Amendment to Non-Recourse Receivables Purchase Agreement
dated as of July 17, 2006, as further amended by a certain Eighth
Amendment to Non-Recourse Receivables Purchase Agreement dated as of September 15,
2006, as further amended by a certain Ninth Amendment to Non-Recourse
Receivables Purchase Agreement dated as of January 12, 2007, as further
amended by a certain Tenth Amendment to Non-Recourse Receivables Purchase
Agreement dated as of April 13, 2007, as further amended by a certain
Eleventh Amendment to Non-Recourse Receivables Purchase Agreement dated as of June 28,
2007, as further amended by a certain Twelfth Amendment to Non-Recourse
Receivables Purchase Agreement dated as of October 16, 2007, as further
amended by a certain Thirteenth Amendment to Non-Recourse Receivables Purchase
Agreement dated as of December 12, 2007, as further amended by a certain
Fourteenth Amendment to Non-Recourse Receivables Purchase Agreement dated as of
December 28, 2007, as further amended by a certain Fifteenth Amendment to
Non-Recourse Receivables Purchase Agreement dated as of January 24, 2008,
as further amended by a certain Sixteenth Amendment to Non-Recourse Receivables
Purchase Agreement dated as of May 15, 2008, as further amended by a
certain Seventeenth Amendment to Non-Recourse Receivables Purchase Agreement
dated as of November 14, 2008, and as further amended by a certain
Eighteenth Amendment to Non-Recourse Receivables Purchase Agreement dated as of
January 15, 2009 (as further amended from time to time, the “Purchase
Agreement”).  Capitalized terms used but
not otherwise defined herein shall have the same meaning as in the Purchase
Agreement.

 

2.                                       DESCRIPTION OF CHANGE IN TERMS.

 

Modification to
Purchase Agreement.

 

A.                                   The Purchase Agreement shall be amended
by deleting Section 2.1 thereof and inserting in lieu thereof the
following Section 2.1:

 

“2.1         Sale and Purchase. 
Subject to the terms and conditions of this Agreement, with respect to
each Purchase, effective on each applicable Purchase Date, Seller agrees to
sell to Buyer and Buyer agrees to buy from Seller all right, title, and
interest (but none of the obligations with respect to) of the Seller to the
payment of all sums owing or to be owing from the Account Debtors under each
Purchased Receivable to the extent of the Purchased Receivable Amount for such
Purchased Receivable.

 

Each purchase and sale hereunder shall be in the
sole discretion of Buyer and Seller.  In
any event, Buyer will not (i) purchase any Receivables in excess of an
aggregate outstanding amount exceeding Eighty-Five Million Dollars ($85,000,000.00),
or (ii) purchase any Receivables under this

 

 

Agreement
after November 15, 2009.  The
purchase of each Purchased Receivable may be evidenced by an assignment or bill
of sale in a form acceptable to Buyer.”

 

3.                                       FEES.  Seller shall
pay to Buyer a modification fee of $25,000.00, which fee shall be due on the
date hereof and shall be deemed fully earned as of the date hereof.  Seller shall also reimburse Buyer for all
legal fees and expenses incurred in connection with this Amendment.

 

4.                                       CONSISTENT CHANGES. 
The Purchase Agreement is hereby amended wherever necessary to reflect
the changes described above.

 

5.                                       RATIFICATION OF DOCUMENTS. 
Seller hereby ratifies, confirms, and reaffirms all terms and conditions
of the Purchase Agreement.

 

6.                                       CONTINUING VALIDITY. 
Seller understands and agrees that in modifying the Purchase Agreement,
Buyer is relying upon Seller’s representations, warranties, and agreements, as
set forth in the Purchase Agreement. 
Except as expressly modified pursuant to this Amendment, the terms of
the Purchase Agreement remain unchanged and in full force and effect.  Buyer’s agreement to modifications to the
Purchase Agreement pursuant to this Amendment in no way shall obligate Buyer to
make any future modifications to the Purchase Agreement.

 

7.                                       NO DEFENSES OF SELLER. 
Seller hereby acknowledges and agrees that Seller has no offsets,
defenses, claims, or counterclaims against Buyer with respect to the Purchase
Agreement or otherwise, and that if Seller now has, or ever did have, any
offsets, defenses, claims, or counterclaims against Buyer, whether known or
unknown, at law or in equity, all of them are hereby expressly WAIVED and
Seller hereby RELEASES Buyer from any liability thereunder.

 

8.                                       COUNTERSIGNATURE. 
This Amendment shall become effective only when it shall have been
executed by Seller and Buyer.

 

[remainder of page is
intentionally left blank]

 

 

This Amendment is
executed as a sealed instrument under the laws of the Commonwealth of
Massachusetts as of the date first written above.

 

	
  SELLER:

  	
   

  	
  BUYER:

  
	
   

  	
   

  	
   

  
	
  ASPEN
  TECHNOLOGY, INC.

  	
   

  	
  SILICON
  VALLEY BANK

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Mark E. Fusco

  	
   

  	
  By:

  	
  /s/
  Ryan Ravenscroft

  
	
   

  	
   

  	
   

  
	
  Name:

  	
  Mark E. Fusco

  	
   

  	
  Name:

  	
  Ryan
  Ravenscroft

  
	
   

  	
   

  	
   

  
	
  Title:

  	
  President and CEO

  	
   

  	
  Title:

  	
  Vice
  PresidentExhibit 10.22aa

 

TWENTY-SIXTH LOAN MODIFICATION AGREEMENT

 

This
Twenty-sixth Loan Modification Agreement (this “Loan
Modification Agreement”) is entered into on the Twenty-sixth Loan
Modification Effective Date, by and between SILICON
VALLEY BANK, a California chartered bank, with its principal place
of business at 3003 Tasman Drive, Santa Clara, California 95054 and with a
loan production office located at One Newton Executive Park, Suite 200,
2221 Washington Street, Newton, Massachusetts 02462 (“Bank”)
and ASPEN TECHNOLOGY, INC., a
Delaware corporation with offices at 200 Wheeler Road, Burlington,
Massachusetts 01803 for itself and as successor by merger with ASPENTECH, INC., a Texas corporation with
offices at 200 Wheeler Road, Burlington, Massachusetts 01803 (“Borrower”).

 

1.             DESCRIPTION OF EXISTING INDEBTEDNESS AND OBLIGATIONS. 
Among other indebtedness and obligations which may be owing by Borrower
to Bank, Borrower is indebted to Bank pursuant to a loan arrangement dated as
of January 30, 2003, evidenced by, among other documents,  a certain Loan and Security Agreement
dated as of January 30, 2003 between Borrower, Aspentech, Inc. and
Bank, as amended by a certain letter agreement dated February 14, 2003, a
certain First Loan Modification Agreement dated June 27, 2003, a certain
Second Loan Modification Agreement dated September 10, 2004, a certain
Third Loan Modification Agreement dated January 28, 2005, a certain Fourth
Loan Modification Agreement dated April 1, 2005, a certain Fifth Loan
Modification Agreement dated May 6, 2005, a certain Sixth Loan
Modification Agreement dated June 15, 2005, a certain Seventh Loan
Modification Agreement dated September, 2005, a certain Eighth Amendment to
Loan and Security Agreement dated November 22, 2005, a certain Ninth Loan
Modification Agreement dated July 17, 2006, a certain Tenth Loan
Modification Agreement dated September 15, 2006, a certain Eleventh Loan
Modification Agreement dated September 27, 2006, a certain Twelfth Loan
Modification Agreement dated January 12, 2007, a certain Thirteenth Loan
Modification Agreement dated April 13, 2007, a certain Fourteenth Loan
Modification Agreement dated June 28, 2007, a certain Waiver Agreement
dated June 28, 2007, a certain Fifteenth Loan Modification Agreement dated
August 30, 2007, a certain Sixteenth Loan Modification Agreement dated October 16,
2007, a certain Seventeenth Loan Modification Agreement dated December 28,
2007,  a certain Eighteenth Loan
Modification Agreement dated January 24, 2008, a certain Nineteenth Loan
Modification Agreement dated April 11, 2008, a certain Twentieth Loan
Modification Agreement dated May 15, 2008, a certain Twenty-first Loan
Modification Agreement dated June 13, 2008, a certain Twenty-second Loan
Modification Agreement dated July 15, 2008, a certain Twenty-third Loan
Modification Agreement, dated September 30, 2008, a certain Twenty-fourth
Loan Modification Agreement, dated as of November 17, 2008, and a certain
Twenty-fifth Loan Modification Agreement, dated as of January 15, 2009 (as
amended, the “Loan Agreement”).  Capitalized terms used but not otherwise
defined herein shall have the same meaning as in the Loan Agreement.

 

2.             DESCRIPTION OF COLLATERAL. 
Repayment of the Obligations is secured by the Collateral as described
in the Loan Agreement (together with any other collateral security granted to
Bank, the “Security Documents”).

 

Hereinafter, the
Security Documents, together with all other documents evidencing or securing
the  Obligations shall be referred to as the “Existing Loan Documents”.

 

3.             DESCRIPTION OF CHANGE IN TERMS.

 

Modifications to Loan
Agreement.

 

(i)            The Loan Agreement shall be amended by deleting the
following text appearing in Section 4 of the Schedule to the Loan
Agreement:

 

“MATURITY DATE

 

(Section 6.1): May 15, 2009”

 

 

and inserting in lieu thereof the following:

 

“MATURITY
DATE

 

(Section 6.1): November 15, 2009”

 

(ii)           The Loan Agreement shall be amended by deleting the
following text appearing in Section 6(4) of the Schedule to the Loan
Agreement:

 

“4.           Monthly unaudited financial statements,
as soon as available, and in any event within thirty (30) days after the end of
each month; provided, however,  Bank
hereby waives receipt of Borrower’s monthly unaudited financial statements
effective for each of the monthly periods ending April 30, 2007 through
and including the monthly period ending March 31, 2009.”

 

and inserting in lieu thereof the following:

 

“4.           Monthly unaudited financial statements,
as soon as available, and in any event within thirty (30) days after the end of
each month; provided, however,  Bank
hereby waives receipt of Borrower’s monthly unaudited financial statements
effective for each of the monthly periods ending April 30, 2007 through
and including the monthly period ending September 30, 2009.”

 

(iii)          The Loan Agreement shall be amended by deleting the
following text appearing in Section 6(5) of the Schedule to the Loan
Agreement:

 

“5.           Monthly Compliance Certificates, within
thirty (30) days after the end of each month, in such form as Silicon shall
reasonably specify, signed by the Chief Financial Officer of Borrower,
certifying that as of the end of such month Borrower was in full compliance
with all of the terms and conditions of this Agreement, and setting forth
calculations showing compliance with the financial covenants set forth in this
Agreement and such other information as Silicon shall reasonably request,
including, without limitation, a statement that at the end of such month there
were no held checks; provided, however, (i) Borrower may in
lieu thereof deliver its monthly Compliance Certificates for the period ending
on a date between April 30, 2007 and November 30, 2007, inclusive, in
draft form, provided further that Borrower may deliver its
monthly Compliance Certificates for the periods ending on June 30, 2007
and September 30, 2007 in final form, as soon as available, and in any
event no later than May 15, 2008, (ii) Borrower may deliver its
monthly Compliance Certificate for the periods ending December 31, 2007
and March 31, 2008, in draft form, as soon as available, and in any event
no later than June 15, 2008, with final forms to be delivered to Bank as
soon as available but in no event later than February 15, 2009, and (iii) Borrower
may deliver its monthly Compliance Certificate for the period ended June 30,
2008 as soon as available but in no event later than April 30, 2009 and
its monthly Compliance Certificate for the period ended September 30,
2008, as soon as available but in no event later than  May 15, 2009.  Bank hereby waives receipt of Borrower’s
monthly Compliance Certificates (x) for the periods ending October 31,
2007, November 30, 2007, January 31, 2008, February 29, 2008, April 30,
2008, May 31, 2008, July 31, 2008, August 31, 2008 and October 31,
2008 and (y) receipt of Borrower’s monthly Compliance Certificate for the
period ending December 31, 2007, in draft form, on or before January 31,
2008; provided, further, that Borrower shall not be required to
deliver the monthly Compliance Certificates otherwise required hereunder for
the monthly periods ending November 30, 2008, January 31, 2009 and February 28,
2009 and Borrower may deliver its monthly Compliance Certificates for the
monthly period coinciding with the fiscal quarters ending December 31,
2008 and March 31, 2009 within five (5) days of filing the quarterly
financial statements of the 

 

2

 

Borrower pursuant to Section 6(6) for such
fiscal quarter with the SEC. 
Notwithstanding the foregoing, Borrower shall promptly deliver such
information as Bank shall reasonably request to enable Bank to verify Borrower’s
compliance with the financial covenants contained in Section 5 of the
Schedule to the Loan Agreement.”

 

and inserting in lieu thereof the following:

 

“5.           Monthly Compliance Certificates, within
thirty (30) days after the end of each month, in such form as Silicon shall
reasonably specify, signed by the Chief Financial Officer of Borrower,
certifying that as of the end of such month Borrower was in full compliance
with all of the terms and conditions of this Agreement, and setting forth
calculations showing compliance with the financial covenants set forth in this
Agreement and such other information as Silicon shall reasonably request,
including, without limitation, a statement that at the end of such month there
were no held checks; provided, however, (i) Borrower may in
lieu thereof deliver its monthly Compliance Certificates for the period ending
on a date between April 30, 2007 and November 30, 2007, inclusive, in
draft form, provided further that Borrower may deliver its
monthly Compliance Certificates for the periods ending on June 30, 2007
and September 30, 2007 in final form, as soon as available, and in any
event no later than May 15, 2008, (ii) Borrower may deliver its
monthly Compliance Certificate for the periods ending December 31, 2007
and March 31, 2008, in draft form, as soon as available, and in any event
no later than June 15, 2008, with final forms to be delivered to Bank as
soon as available but in no event later than February 15, 2009, and (iii) Borrower
may deliver its monthly Compliance Certificate for the period ended June 30,
2008 as soon as available but in no event later than April 30, 2009 and
its monthly Compliance Certificate for the period ended September 30,
2008, as soon as available but in no event later than  May 15, 2009.  Bank hereby waives receipt of Borrower’s
monthly Compliance Certificates (x) for the periods ending October 31,
2007, November 30, 2007, January 31, 2008, February 29, 2008, April 30,
2008, May 31, 2008, July 31, 2008, August 31, 2008 and October 31,
2008 and (y) receipt of Borrower’s monthly Compliance Certificate for the
period ending December 31, 2007, in draft form, on or before January 31,
2008; provided, further, that Borrower shall not be required to
deliver the monthly Compliance Certificates otherwise required hereunder for
the monthly periods ending November 30, 2008, January 31, 2009 and February 28,
2009 and Borrower shall deliver its monthly Compliance Certificates for the
monthly period coinciding with the fiscal quarters ending December 31,
2008 March 31, 2009, June 30, 2009 and September 30, 2009 within
five (5) days of filing the quarterly financial statements of the Borrower
pursuant to Section 6(6) for such fiscal quarter with the SEC.  Notwithstanding the foregoing, Borrower shall
promptly deliver such information as Bank shall reasonably request to enable
Bank to verify Borrower’s compliance with the financial covenants contained in Section 5
of the Schedule to the Loan Agreement.”

 

(iv)          The Loan Agreement shall be amended by deleting the
following text appearing in Section 6(6) of the Schedule to the Loan
Agreement:

 

“6.           As soon as available, and in any event
within the earlier to occur of (X) forty-five (45) days after the end of
each fiscal quarter of Borrower and (Y) five (5) days of filing its
quarterly report with the SEC (including, without limitation, SEC Form 10-Q),
quarterly unaudited financial statements; provided, however,
Borrower may (i) deliver its quarterly unaudited financial statements for
the periods ending on June 30, 2007 and September 30, 2007 in draft
form as soon as available, and in any event no later than April 9, 2008,
with final forms of the September 30, 2007 quarterly unaudited financial
statements to be delivered to Bank within three (3) days of the filing of
such financial statements with the SEC but in no event later than May 15,
2008; (ii) file its quarterly report with the SEC (including, without
limitation, SEC Form 10-Q), for the quarterly 

 

3

 

periods ended December 31, 2007 and March 31,
2008 as soon as available, and in any event on or before February 15,
2009; (iii) file its quarterly report with the SEC (including, without
limitation, SEC Form 10-Q), for the quarterly periods ended September 30,
2008, December 31, 2008 and March 31, 2009 as soon as available, and
in any event on or before May 15, 2009. “

 

and inserting in lieu thereof the following:

 

“6.           As soon as available, and in any event within
the earlier to occur of (X) forty-five (45) days after the end of each
fiscal quarter of Borrower and (Y) five (5) days of filing its
quarterly report with the SEC (including, without limitation, SEC Form 10-Q),
quarterly unaudited financial statements; provided, however,
Borrower may (i) deliver its quarterly unaudited financial statements for
the periods ending on June 30, 2007 and September 30, 2007 in draft
form as soon as available, and in any event no later than April 9, 2008,
with final forms of the September 30, 2007 quarterly unaudited financial
statements to be delivered to Bank within three (3) days of the filing of
such financial statements with the SEC but in no event later than May 15,
2008; (ii) file its quarterly report with the SEC (including, without
limitation, SEC Form 10-Q), for the quarterly periods ended December 31,
2007 and March 31, 2008 as soon as available, and in any event on or
before February 15, 2009; and (iii) file its quarterly report with
the SEC (including, without limitation, SEC Form 10-Q), for the quarterly
periods ended September 30, 2008, December 31, 2008,  March 31, 2009, June 30, 2009 and September 30,
2009, as soon as available, and in any event on or before November 15, 2009.
”

 

(v)           The Loan Agreement shall be amended by deleting the
following text appearing in Section 6(8) of the Schedule to the Loan
Agreement:

 

“8.           As soon as available, and in any event
within the earlier to occur of (X) one hundred twenty (120) days after the
end of Borrower’s fiscal year and (Y) five (5) days of filing its
annual financial statements with the SEC (including, without limitation, SEC Form 10-K),
annual financial statements, certified by independent certified public
accountants acceptable to Silicon, together with an unqualified opinion on the
financial statements; provided, however, Borrower may
deliver its annual financial statements for the annual period ended June 30,
2007 as soon as available, and in any event within three days of the filing of
such financial statements with the SEC but in no event later than May 15,
2008; provided, further, however, Borrower may file
its annual report with the SEC (including, without limitation, SEC Form 10-K)
for the annual period ended June 30, 2008 as soon as available, and in any
event on or before April 30, 2009.”

 

and inserting in lieu thereof the following:

 

“8.           As soon as available, and in any event
within the earlier to occur of (X) one hundred twenty (120) days after the
end of Borrower’s fiscal year and (Y) five (5) days of filing its
annual financial statements with the SEC (including, without limitation, SEC Form 10-K),
annual financial statements, certified by independent certified public
accountants acceptable to Silicon, together with an unqualified opinion on the
financial statements; provided, however, Borrower may deliver its
annual financial statements for the annual period ended June 30, 2007 as
soon as available, and in any event within three days of the filing of such
financial statements with the SEC but in no event later than May 15, 2008;
provided, further, however, Borrower may file its
annual report with the SEC (including, without limitation, SEC Form 10-K)
for the annual period ended June 30, 2008 as soon as available, and in any
event on or before July 31, 2009.”

 

(vi)          Section 8 of the Loan Agreement shall be amended
by adding the following definitions thereto, each in the appropriate
alphabetical order:

 

4

 

““Twenty-sixth Loan Modification Agreement”
means that certain Twenty-sixth Loan Modification Agreement, dated as of the
Twenty-sixth Loan Modification Effective Date, by and between Borrower and Bank.

 

“Twenty-sixth Loan Modification Effective Date”
is the date indicated on the signature page to the Twenty-sixth Loan
Modification Agreement.

 

4.             FEES.  Borrower
shall pay to Bank an extension fee of One Hundred Twenty Five Thousand Dollars
($125,000.00), which fee shall be due on the date hereof and shall be deemed
fully earned as of the date hereof. 
Borrower shall also reimburse Bank for all legal fees and expenses
incurred in connection with this amendment to the Existing Loan Documents.

 

5.             RATIFICATION OF NEGATIVE PLEDGE. 
Borrower hereby ratifies, confirms and reaffirms, all and singular, the
terms and conditions of a certain Negative Pledge Agreements each dated as of January 30,
2003 between Borrower and Bank, and acknowledges, confirms and agrees that said
Negative Pledge Agreement  shall remain
in full force and effect.

 

6.             RATIFICATION OF PERFECTION CERTIFICATES. 
Borrower hereby ratifies, confirms and reaffirms, all and singular, the
terms and disclosures contained in certain Perfection Certificates each dated
as of January 30, 2003, as amended and affected by Schedule 1 to the
Fourth Amendment and Exhibit A to the Fourth Amendment and acknowledges,
confirms and agrees the disclosures and information therein, in Schedule 3.10
to the Loan Agreement, in Schedule 1 annexed to the Tenth Loan Modification
Agreement, and/or in connection with the formation of subsidiaries as
contemplated by the Guggenheim Transactions and the Key Transactions (as
defined in the Sixth Loan Modification Agreement and the Eleventh Loan
Modification Agreement, respectively), have not changed as of the date hereof.

 

7.             CONSISTENT CHANGES.  The Existing
Loan Documents are hereby amended wherever necessary to reflect the changes
described above.

 

8.             RATIFICATION OF LOAN DOCUMENTS. 
Borrower hereby ratifies, confirms, and reaffirms all terms and conditions
of all security or other collateral granted to the Bank and confirms that the
indebtedness secured thereby includes, without limitation, the Obligations.

 

9.             NO DEFENSES OF BORROWER.  Borrower
hereby acknowledges and agrees that Borrower has no offsets, defenses, claims,
or counterclaims against Bank with respect to the Obligations, or otherwise,
and that if Borrower now has, or ever did have, any offsets, defenses, claims,
or counterclaims against Bank, whether known or unknown, at law or in equity, all
of them are hereby expressly WAIVED and Borrower hereby RELEASES Bank from any
liability thereunder.

 

10.           CONTINUING VALIDITY.  Borrower
understands and agrees that in modifying the existing Obligations, Bank is
relying upon Borrower’s representations, warranties, and agreements, as set
forth in the Existing Loan Documents, after giving effect to this Loan
Modification Agreement and the Waiver Agreement entered into between Borrower
and Bank dated as of the date hereof. 
Except as expressly modified pursuant to this Loan Modification
Agreement, the terms of the Existing Loan Documents remain unchanged and in
full force and effect.  Bank’s agreement
to modifications to the existing Obligations pursuant to this  Loan Modification Agreement in no way shall
obligate Bank to make any future modifications to the Obligations.  Nothing in this Loan Modification Agreement
shall constitute a satisfaction of the Obligations.  It is the intention of Bank and Borrower to
retain as liable parties all makers of Existing Loan Documents, unless the
party is expressly released by Bank in writing.

 

11.           COUNTERSIGNATURE.  This Loan
Modification Agreement shall become effective only when it shall have been
executed by Borrower and Bank.

 

[Remainder of page intentionally
left blank.]

 

5

 

This
Loan Modification Agreement is executed as a sealed instrument under the laws
of the Commonwealth of Massachusetts as of the Twenty-sixth Loan Modification
Effective Date.

 

	
   

  	
  BORROWER:

  
	
   

  	
   

  
	
   

  	
  ASPEN TECHNOLOGY, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ 

  	
  Mark E. Fusco

  
	
   

  	
  Name:

  	
  Mark E. Fusco

  
	
   

  	
  Title:

  	
  President and CEO

  
	
   

  	
   

  
	
   

  	
  BANK:

  
	
   

  	
   

  
	
   

  	
  SILICON VALLEY BANK

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ 

  	
  Ryan Ravenscroft

  
	
   

  	
  Name:

  	
  Ryan Ravenscroft

  
	
   

  	
  Title:

  	
  Vice President

  

 

 

Twenty-sixth
Loan Modification Effective Date: May 15, 2009.

 

[Twenty-sixth
Loan Modification Agreement Signature Page]

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