Document:

Form of Restricted Stock Option Agmt.-Bank Mutual 2004 Off. Mgmt. Recog. Award

 Exhibit 10.1(e) 
  
 BANK MUTUAL CORPORATION 
 MANAGEMENT RECOGNITION AWARD 
  
 This Management Recognition Award is granted the 3rd day of May, 2004 (the “Date of Grant”), by
BANK MUTUAL CORPORATION, a Wisconsin corporation (hereinafter called “Bank Mutual”), to Officer (hereinafter called the “Grantee”). 
  
 WITNESSETH: 
  
 WHEREAS, the Board of Directors of Bank Mutual adopted the Bank Mutual Corporation 2004 Stock Incentive Plan (the “Plan”) on February 2, 2004,
subject to stockholder approval which was obtained May 3, 2004; 
  
 NOW, THEREFORE, it is agreed as follows: 
  
 1. Number
of Shares Awarded. Bank Mutual grants to Grantee a management recognition stock award covering ###### shares of Bank Mutual’s common stock. 
  
 2. Vesting of Award. This Award shall become vested in accordance with the following vesting schedule: 
  

				
	 Number of Completed Years of Continuous
 Employment After the Date of Grant

	  	Percentage of Shares
Becoming Vested
Under the Award

	 
	 Less than 1 year
	  	Zero	 
	 At least 1 but less than 2
	  	20	%
	 At least 2 but less than 3
	  	40	%
	 At least 3 but less than 4
	  	60	%
	 At least 4 but less than 5
	  	80	%
	 At least 5 Years
	  	100	%

  
 Notwithstanding the forgoing, the
shares covered by this Award shall become fully vested in the event of Grantee’s death or disability, or in the event of a Change in Control (as defined in the Plan). The period of time during which the shares covered by the Award are
forfeitable is referred to as the “Restricted Period.” If Grantee’s employment with Bank Mutual or a Subsidiary terminates during the Restricted Period for any reason other than death or disability, the Restricted Stock that has not
yet become vested shall be forfeited to Bank Mutual on the date of such termination, without any further obligations of Bank Mutual to the Grantee and all rights of the Grantee with respect to the Restricted Stock shall terminate. 
  
 3. Delivery of Shares; Rights During Restricted Period. Grantee shall
not be deemed the holder of any shares covered by this Award until such shares are issued to him/her. Following the issuance of the shares covered by the Award to Grantee, the Grantee shall have the right to vote the Restricted Stock and to receive
cash dividends; however, all stock dividends, stock rights or other securities issued with respect to the Restricted Stock (collectively, the “Proceeds”) shall be forfeitable and subject to the same restrictions as exist regarding the
original shares of Restricted Stock. The Restricted Stock shall be nontransferable during the Restricted Period, except by will or the laws of descent and distribution. 
  

 4. Custody of Shares. The Restricted Stock issued to Grantee may be credited to Grantee in book
entry form and shall be held, along with any Proceeds, in custody by Bank Mutual until the applicable restrictions have expired. If any certificates are issued for shares of Restricted Stock or any of the Proceeds during the Restricted Period, such
certificates shall bear an appropriate legend as determined by the Committee referring to the applicable terms, conditions and restrictions and the Grantee shall deliver a signed, blank stock power to Bank Mutual relating thereto. 
  
 5. Changes in Stock. In the event of any recapitalization, stock split
or reverse split, stock dividend, merger in which Bank Mutual is the surviving corporation, combination or exchange of shares or other capital change affecting the common stock of Bank Mutual, the Committee shall make, subject to the approval of the
Board of Directors of Bank Mutual, equitable and appropriate changes in the aggregate number and kind of shares subject to this Award, to prevent substantial dilution or enlargement of the rights granted to or available for Grantee. 
  
 6. No Employment Agreement Intended. This Agreement does not confer
upon Grantee any right to continuation of employment in any capacity by Bank Mutual or a Subsidiary and does not constitute an employment agreement of any kind. 
  

MISCELLANEOUS 
  
 7. Notices. Any notice to be given to the Committee under the terms of this Agreement shall be addressed to Bank Mutual, in care of its Secretary
at 4949 West Brown Deer Road, Milwaukee, Wisconsin 53223. Any notice to be given to Grantee may be addressed to Grantee at his/her address as it appears on Bank Mutual’s records, or at such other address as either party may hereafter designate
in writing to the other. Any such notice shall be deemed to have been duly given if and when enclosed in a properly sealed envelope or wrapper addressed as aforesaid, certified and deposited, postage prepaid, in a post office or branch post office
regularly maintained by the United States Government. 
  
 8.
Provisions of Plan Controlling. This Option is subject in all respects to the provisions of the Plan. In the event of any conflict between any provision of this Option and the provisions of the Plan, the provisions of the Plan shall control.
Terms defined in the Plan where used herein shall have the meanings as so defined. Grantee hereby acknowledges receipt of a copy of the Plan. 
  
 9. Successors. This Agreement shall be binding upon and inure to the benefit of any successor or successors of Bank Mutual. 
  
 10. Government and Other Regulations. The obligation of Bank Mutual to
sell and deliver shares of stock under this Plan shall be subject to all applicable laws, rules and regulations and the obtaining of all such approvals by governmental agencies as may be deemed necessary or desirable by the Board of Directors of
Bank Mutual, including (without limitation) the satisfaction of all applicable federal, state and local tax withholding requirements. Bank Mutual shall determine the amount of any required tax withholding. The Grantee may pay any required
withholding in cash or, in the discretion of the Committee, in shares of Bank Mutual stock, valued at its fair market value as of the date the withholding obligation arises, or in a combination thereof. 
  

 11. Wisconsin Contract. This Option has been granted in Wisconsin and shall be construed under the
laws of that State. 
  
 IN WITNESS WHEREOF, Bank Mutual has caused
these presents to be executed in its behalf by its Chairman of the Board or President and attested by its Secretary or one of its Assistant Secretaries, and Grantee has hereunto set his or her hand and seal, all of the day and year first above
written, which is the date of the granting of the option evidenced hereby. 
  

			
	BANK MUTUAL CORPORATION
		
	By:	 	 
	 	 	Michael T. Crowley, Jr.
	 	 	Chairman and CEO

  

	
	ATTEST:
	
	  
	Eugene H. Maurer
	Secretary

  

	
	
	 
	GranteeFirst Amended Lease Agreement

 Exhibit 10.2 
  
 FIRST AMENDMENT TO LEASE 
  
 THIS FIRST AMENDMENT TO LEASE (this “Amendment”) is entered into as of the 1st day of January, 2004 (the “Effective Date”), by and between SOUTHPOINTE PARK CORP., a Massachusetts corporation with an address of c/o Boston
Capital Institutional Advisors LLC. One Boston Place, Suite 2100, Boston, Massachusetts 02108-4406, Attention: Karl W. Weller (the “LESSOR”) and ANSYS, INC., a Delaware corporation, with a notice address of 275 Technology Drive,
Canonsburg, Pennsylvania, 15367 Attention: Maria Shields (the “LESSEE”). 
  
 Recitals 
  

	A.	Pursuant to that certain Master Lease and Purchase Option Agreement dated as of September 12, 1997 between Samual T. Byrne, Trustee of Southpointe Park Realty Trust under
Declaration of Trust dated as of August 1, 1997 (“Southpointe Trust”), and LESSOR, as amended by First Amendment to Master Lease and Purchase Option Agreement dated as of January 30, 1998 between Southpointe Trust and LESSOR and
Second Amendment to Master Lease dated of even date herewith (the “Master Lease”), LESSOR has leased the real property located and known as 275 Technology Drive, Canonsburg, Pennsylvania (the “Land”) and the
building thereon (the “Building”) and other improvements constructed thereon (the Land, the Building and the other improvements are hereinafter collectively referred to as, the “Property”) from the Property Owner
(as hereinafter defined); 

  

	B.	Pursuant to that certain Trust and Servicing Agreement dated as of February 27, 1998 by and among Crescent Capital (Jersey) Ltd. (the “Depositor”), Massachusetts
Mutual Life Insurance Company (“MassMutual”), Calusa N.V. (“Calusa”), Boston Capital Ownership Corp. (“BCOC”), Boston Capital Institutional Advisors LLC (“BCIA”) and State Street
Bank and Trust Company (“Trustee”), as amended by First Amendment to Trust and Servicing Agreement dated as of March 13, 2002 by and among Depositor, Crescent, MassMutual, Calusa, BCOC, BCIA and the Trustee (the “Trust
Agreement”), the Depositor, as the holder of the beneficial interest under the Master Lease, contributed the Property to the Trust created by the Trust Agreement with the result that the Trustee is the record owner of the Property (the
“Property Owner”) and the holder of the landlord’s interest under the Master Lease; 

  

	C.	Reference is made to that certain Lease dated as of January 2, 1996 and entered into between National Build to Suit Washington County, L.L.C., an Illinois limited liability company
(the “Original Lessor”), as lessor, and LESSEE, as lessee, with respect to the Building (the “Lease”); 

  

	D.	Property Owner is the successor-in-interest to the Original Lessor, LESSEE is the current holder of the lessee’s interest under the Lease, and pursuant to the Master Lease,
LESSOR is the current holder of the lessor’s interest under the Lease; and 

  

	E.	LESSOR and LESSEE desire to amend the Lease as more particularly set forth below. 

  

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 NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of which is hereby mutually
acknowledged, LESSOR and LESSEE hereby agree as follows: 
  
 Agreements 
  

	 	1.	Capitalized Terms. Each capitalized term appearing but not defined herein shall have the meaning, if any, ascribed to such term in the Lease. 

  

	 	2.	Recitals. The recitals above set forth are true and complete and are incorporated herein by reference. 

  

	 	3.	Amendments. As of the Effective Date, the Lease is hereby amended as follows: 

  

	 	a.	Lessor. In the first paragraph of the Lease, the words “National Build to Suit Washington County, L.L.C., an Illinois limited liability company” are hereby deleted
and replaced with the words “Southpointe Park Corp., a Massachusetts corporation.” 

  

	 	b.	Base Rent. In Article V of the Lease, the following language is hereby added to the end of the list of Years and Base Rents: 

  
 “Notwithstanding the foregoing to the contrary, from and after January
1, 2004, Base Rent for the PREMISES shall be as follows: 
  

							
	 Rental Period

	  	Annual Base Rent

	  	Monthly Payment

	 From January 1, 2004 to December 31, 2008
	  	$	1,240,528.00	  	$	103,377.33
	 From January 1, 2009 to December 31, 2014
	  	$	1,429,304.00	  	$	119,108.67

  
 Further, the phrase
“Rent shall be payable to Alter Asset Management, Inc., 1980 Springer Drive, Lombard, Illinois 60148” in the last sentence of the second (2nd) paragraph in Article V of the Lease, is hereby deleted in its entirety and replaced with the phrase “All payments of rent (whether Base Rent or Additional Rent) shall be sent to LESSOR at c/o
Boston Capital Institutional Advisors, P.O. Box 11282, Boston, Massachusetts 02211, or at such other place as LESSOR may from time to time designate by written notice.” 
  

	 	c.	Term. In Section B of Article I of the Lease, the words “fifteen (15)” are hereby deleted and replaced with the words “approximately eighteen (18),” and
the phrase “, and expiring at 11:59 p.m. on December 31, 2014” is hereby added to the end of Section B of Article I. 

  

	 	d.	Operating Costs. In Section C of Article IV of the Lease, the word “LESSOR” in the first sentence thereof is hereby deleted and replaced with the word
“LESSEE.” Further, the words “property management fees 

  

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	 	    	not to exceed 3% of gross rents” in the first sentence thereof, and the last sentence thereof are hereby deleted in their entirety. 

  
 Additionally, the following language is hereby added to the end of Section
C of Article IV of the Lease: 
  
 “Notwithstanding the
foregoing, LESSEE hereby acknowledges and agrees that if LESSOR exercises its rights to take over the management obligations with respect to the PREMISES as set forth in Section A, Section E and Section F of Article X of the Lease the word
“LESSEE” in the first sentence of this Section C of Article IV will be deemed automatically deleted and replaced with the word “LESSOR” without any further action by the parties or amendment to this Lease.” 
  

	 	e.	Tax Exemption Application. The last two (2) paragraphs in Article V of the Lease (Tax Exemption Application) are hereby deleted in their entirety. 

 

	 	f.	Taxes. Section A of Article VI of the Lease is hereby amended to read in its entirety as follows: 

  
 “A. Throughout the Term, LESSEE shall pay, as Additional Rent, the Taxes attributable to the PREMISES directly to the
applicable taxing authority imposing such Taxes, within thirty (30) days of LESSEE’s receipt of an invoice or request for payment relating thereto, but in no event shall LESSEE make such payment later than ten (10) days prior to the due date
for the payment of such Taxes without the imposition of any penalty or interest. Simultaneously with the payment of such Taxes to the applicable taxing authority, LESSEE shall provide LESSOR with evidence of such payment, together with any and all
invoices and bills relating thereto. Should LESSEE fail to make such timely payment of the Taxes as set forth herein, LESSEE shall pay to LESSOR forthwith upon demand, all applicable sums, penalties and interest relating to such overdue payments,
together with interest thereon per annum at a rate equal to the greater of eighteen percent (18%) or the maximum lawful rate.” 
  

	 	g.	Operating Costs. Section B of Article VI of the Lease is hereby amended to read in its entirety as follows: 

  
 “B. Throughout the Term (provided LESSOR has not exercised its right
to take over the management obligations with respect to the PREMISES as set forth in Section A, Section E and Section F of Article X of the Lease), LESSEE shall arrange of all of the management, maintenance, operation and repair services relating to
the Premises as more particularly set forth in Section C of Article IV hereof, and pay the Operating Costs relating to such services directly to the provider thereof. Simultaneously with the payments for such Operating Costs to the 
  

 3 

 applicable providers thereof, LESSEE shall provide LESSOR with evidence of such payment, together with
any and all invoices and bills relating thereto. Should LESSEE fail to make such timely payment of the Operating Costs as set forth herein, LESSEE shall pay to LESSOR forthwith upon demand, all applicable sums, penalties and interest relating to
such overdue payments, together with interest thereon per annum at a rate equal to the greater of eighteen percent (18%) or the maximum lawful rate. Should Lessor exercise its right to take over the management obligations with respect to the
PREMISES as set forth in Section A, Section E and Section F of Article X of the Lease, however, the first paragraph of Article VII of the Lease shall automatically apply without any further action by the parties or amendment to this Lease and LESSOR
shall be solely responsible for the payment of Operating Costs in accordance therewith. 
  
 Notwithstanding the foregoing, LESSEE shall pay to LESSOR, within ten (10) days of LESSEE’s receipt of an invoice therefor, any and all costs attributable to LESSOR’s maintenance of insurance for the
Premises as more particularly set forth in Article XXIV hereof, which LESSOR will invoice LESSEE for on an annual basis. Should LESSEE fail to make such timely payment within ten (10) days of LESSEE’s receipt of an invoice therefor, LESSEE
shall pay to LESSOR forthwith upon demand, all applicable sums evidenced by such invoice, together with interest thereon per annum at a rate equal to the greater of eighteen percent (18%) or the maximum lawful rate.” 
  

	 	h.	Additional Rent Adjustment Payment. Article VII of the Lease is hereby amended by adding the words “Subject to the provisions of the second paragraph of this Article
VII,” at the beginning of the first sentence thereof. Further, the following language is hereby added as the second paragraph of Article VII of the Lease: 

  
 “Notwithstanding the foregoing, the parties hereby acknowledge and agree that the provisions of the first paragraph of
this Article VII shall only be deemed to apply if LESSOR has exercised its right to take over the management obligations with respect to the PREMISES as set forth in Section A, Section E and Section F of Article X of the Lease, in which case such
provisions shall be deemed to automatically govern LESSEE’s payment obligations with respect to the payment of Operating Costs without any further action by the parties or amendment to this Lease.” 
  

	 	i.	Maintenance, Repairs and Services. In Section A of Article X of the Lease, the word “LESSOR” in the first and second sentences thereof, is hereby deleted and
replaced with the word “LESSEE.” In Section F of Article X of the Lease, the word “LESSOR” is hereby deleted and replaced with the word “LESSEE,” and the phrases “as directed by 

  

 4 

 Lessee” and “subject to scheduling by LESSOR” are hereby deleted therefrom. 

 
 The following language is hereby added to the end of the Section A and
Section F of Article X of the Lease: 
  
 “Notwithstanding
the foregoing, should LESSOR, in LESSOR’s reasonable discretion, be dissatisfied with the LESSEE’s performance of the above obligations, LESSOR may, upon thirty (30) days prior notice to LESSEE (or immediately in the case of an emergency),
take over the responsibility to perform such obligations at LESSEE’s sole cost and expense.” 
  

	 	j.	Management. Section E of Article X of the Lease is hereby amended to read in its entirety as follows: 

  
 “LESSOR and LESSEE hereby acknowledge and agree that the PREMISES are
currently being managed by Burns & Scalo, and that the management of the PREMISES by Burns & Scalo will terminate as of May 31, 2004. Commencing on June 1, 2004, LESSEE shall be solely and exclusively responsible for the management of the
PREMISES, at LESSEE’s sole cost and expense, which LESSEE may undertake by hiring a third party management company (a “New Manager”) to manage the PREMISES, subject to LESSOR’s prior written approval (which shall not be
unreasonably withheld); provided, however, that should LESSEE choose not to hire a New Manager, LESSEE shall nevertheless be responsible for managing the PREMISES at LESSEE’s sole cost and expense. Notwithstanding the foregoing, if at any time
after June 1, 2004, LESSOR is reasonably dissatisfied with the management of the PREMISES, LESSOR may give notice to LESSEE of the cause of such dissatisfaction and if such management deficiencies are not corrected to LESSOR’s reasonable
satisfaction within ninety (90) days of LESSOR’s giving of such notice, LESSOR may (i) require LESSEE to terminate the New Manager and hire a replacement manager for the PREMISES, subject to LESSOR’s prior written approval (which shall not
be unreasonably withheld), (ii) require LESSEE to hire a replacement manager of the PREMISES in the event that there is no New Manager, which replacement manager shall be subject to LESSOR’s prior written approval (which shall not be
unreasonably withheld), or (iii) take over the management of the PREMISES again in accordance with the terms of the Lease. Any management arrangement that LESSEE establishes with respect to the management of the PREMISES, whether through the hiring
of a New Manager or otherwise, shall be terminable by either party to such arrangement upon thirty (30) days prior notice.” 
  

	 	k.	Notice. Section B of Article XX of the Lease is hereby amended to read in its entirety as follows: 

  

 5 

 “All notices or other communications required hereunder shall be in writing and shall be deemed
duly given if delivered in person (with receipt therefor), if sent by reputable overnight delivery or courier service (e.g., Federal Express) providing for receipted delivery, or if sent by certified or registered mail, return receipt requested,
postage prepaid, to the following address: (a) if to LESSOR at One Boston Place, Boston, Massachusetts 02108-4406, Attention: Karl W. Weller, Managing Director, with a copy to Michael F. Burke, Esq., Nutter, McClennen & Fish, LLP, World Trade
Center West, 155 Seaport Boulevard, Boston, Massachusetts 02210-2604; and (b) if to LESSEE, at the PREMISES. Receipt of notice or other communication shall be conclusively established by either (i) return of a return receipt indicating that the
notice has been delivered; or (ii) return of the letter containing the notice with an indication from the courier or postal service that the addressee has refused to accept delivery of the notice. Either party may change its address for the giving
of notices by notice to the other party given in accordance with this Article XX(B).” 
  

	 	l.	Termination Option. Article XXII of the Lease (Option to Terminate) is hereby deleted in its entirety. 

  

	 	m.	Extension Option. Article XXIII of the Lease (Right to Extend) is hereby deleted in its entirety and the following inserted in place thereof: Provided Lessee shall not be in
default at the time of the exercise of such option or at the commencement of an extension period, Lessee shall have an option to extend the Term of this Lease for one five (5) year period as set forth below. Lessee shall exercise the option, if at
all, by written notice to Lessor not less than nine (9) months prior to the expiration of the then current Term of this Lease. Within 30 days of Lessor’s receipt of Lessee’s extension notice, Lessor shall inform Lessee in writing of the
Base Rent amount for the extension term. The Base Rent amount quoted in Lessor’s notice shall be the prevailing market rental rate for comparable space in the greater Pittsburgh suburban office market as of the commencement date of the
extension term as determined in Lessor’s sole judgment. Lessee shall then have a period of thirty (30) days following its receipt of Lessor’s Base Rental rate notice to notify Lessor in writing (the “Final Notice”) of
Lessee’s election to extend this Lease at the Base Rental rates quoted by Lessor. If Lessor provides a Final Notice, the Term of this Lease shall be extended for the extension term upon all of the covenants, agreements, terms and provisions set
forth in this Lease, except (i) that the Base Rent for the extension term shall be the amounts set forth in the Lessor’s Base Rental rate notice, (ii) that Lessee shall have no further extension rights unless hereafter agreed to in writing by
Lessor, and (iii) that Lessor shall have no obligation to provide any Lessor’s Contribution, to conduct any work, or to provide any other concessions in connection with such extension term. During any extension term, Lessee shall continue to
pay Operating Costs, Taxes and other amounts in accordance with the provisions of the Lease. 

  

 6 

	 	n.	Acquisition Contingency. Article XXV of the Lease (Acquisition Contingency) is hereby deleted in its entirety. 

  

	 	o.	Right of First Refusal. Article XXVI of the Lease (Sale By LESSOR and Right of First Refusal) is hereby deleted in its entirety. 

  

	 	4.	Miscellaneous. LESSEE hereby acknowledges that (i) LESSOR has no undischarged obligations under the Lease to perform any work or improvements to the PREMISES or to provide
any tenant improvement allowance under the Lease (except as hereinafter set forth); (ii) there are no offsets or defenses that LESSEE has against the full enforcement of the Lease by LESSOR; (iii) neither LESSOR nor LESSEE is in any respect in
default under the Lease; and (iv) LESSEE has not assigned, transferred or hypothecated the Lease or any interest therein or subleased all or any portion of the PERMISES. 

  

	 	5.	Brokers. LESSEE and LESSOR hereby represent and warrant to each other that neither has dealt with any real estate broker or agent in connection with the procurement of this
Amendment except Grubb & Ellis, whose commission shall be paid by LESSOR upon the completion and full execution of this Amendment, and not otherwise. LESSEE shall indemnify and hold LESSOR harmless from any costs, expense or liability (including
costs of suit and reasonable attorneys’ fees) for any compensation, commission or fees claimed by any real estate broker or agent other than the aforementioned broker in connection with the procurement of this Amendment because of any act or
statement by LESSEE. LESSOR shall indemnify and hold LESSEE harmless from any costs, expense or liability (including costs of suit and reasonable attorneys’ fees) for any compensation, commission or fees claimed by any real estate broker or
agent other than the aforementioned broker in connection with the procurement of this Amendment because of any act or statement by LESSOR. 

  

	 	6.	Effective Date. The parties agree that this Amendment shall be effective from and after the Effective Date and not to any period of time prior thereto. To the extent this
Amendment contains language which purports to amend the Lease with respect to periods of time prior to the Effective Date, such language is for clarification purposes only and shall not be deemed to change the obligations of the parties with respect
thereto. In no event shall this Amendment be construed to impose any liability on LESSOR for any period of time preceding its ownership of the Property. 

  

	 	7.	Option to Extend. Lessee acknowledges and agrees that Lessee has one outstanding option to extend the Term of the Lease for the period from January 1, 2015 through December
31, 2019 as set forth in Section XXIII of the Lease, as amended by this Amendment. 

  

	 	8.	Leasehold Improvement Allowance. LESSOR shall reimburse LESSEE for the costs incurred by the LESSEE with respect to any refurbishment of the Premises that LESSEE undertakes
(the “Refurbishment”), which Refurbishment shall be 

  

 7 

 conducted in accordance with the terms of the Lease, up to a amount of Five Hundred Fifty Thousand and
No/100 Dollars ($550,000.00) (the “LESSOR’S Contribution”), subject to the provisions hereof. To the extent that the Refurbishment exceeds the LESSOR’s Contribution, LESSEE shall be entirely responsible for such excess.
The LESSOR’s Contribution shall be payable by LESSOR to LESSEE (or, at LESSOR’s election, directly to LESSEE’s general contractor or subcontractors) in installments in accordance with the provisions hereof as the Refurbishment
progresses; provided, however, that no single installment shall be for the less than Fifty Thousand and No/100 Dollars ($50,000.00). Prior to payment of any such installment, LESSEE shall deliver to LESSOR a written request, to be submitted no more
frequently than once every thirty (30) days, for such disbursement, which request shall be accompanied by: (i) invoices for the Refurbishment covered by any previous requisition; (ii) copies of partial lien waivers or final lien waivers (in the case
of a final installment); and (iii) a certificate signed by the architect (if any) and an officer of the LESSEE certifying that the Refurbishment represented by the aforementioned invoices has been completed substantially in accordance with the plans
(if any) that were required to be previously approved by LESSOR in accordance with the Lease in connection with the Refurbishment, and that the remaining portion of the LESSOR’s Contribution is sufficient to pay in full for the completion of
the Refurbishment. If at any time the amount of the LESSOR’s Contribution remaining is insufficient to pay for the remaining amount of the Refurbishment, the LESSEE shall pay from its own funds all further sums necessary to enable LESSEE and
LESSEE’s architect (if any) to again make the certification required under subsection (iii) above. 
  
 Any portion of the LESSOR’s Contribution which has not been applied on or before March 31, 2006, shall be deemed forfeited by LESSEE and LESSOR shall
have no further obligation with respect thereto. 
  

	 	9.	Acknowledgment. LESSEE hereby acknowledges and agrees that (i) LESSOR has no obligations whatsoever to LESSEE, under the Lease or otherwise, with respect to any other real
property that is not owned by LESSOR, and (ii) LESSEE’s obligations under the Lease are not contingent upon, or affected by, any agreements that LESSEE may have with respect to any real property not owned by LESSOR. 

  

	 	10.	Ratification of Lease Provisions. Except as otherwise expressly amended, modified and provided for in this Amendment, LESSEE hereby ratifies all of the provisions, covenants
and conditions of the Lease, and such provisions, covenants and conditions shall be deemed to be incorporated herein and made a part hereof and shall continue in full force and effect. 

  

	 	11.	Entire Amendment. This Amendment contains all the agreements of the parties with respect to the subject matter hereof and supersedes all prior dealings between the parties
with respect to such subject matter. 

  

 8 

	 	12.	Authority. LESSOR and LESSEE each warrant to the other that the person or persons executing this Amendment on its behalf has or have authority to do so and that such
execution has fully obligated and bound such party to all terms and provisions of this Amendment. 

  

	 	13.	Binding Amendment. This Amendment shall be binding upon, and shall inure to the benefit of the parties hereto, and their respective successors and assigns.

  

	 	14.	Governing Law. This Amendment shall be governed by the law of the state in which the Property is located. 

  

	 	15.	Severability. If any clause or provision of this Amendment is or should ever be held to be illegal, invalid or unenforceable under any present or future law applicable to the
terms hereof, then and in that event, it is the intention of the parties hereto that the remainder of this Amendment shall not be affected thereby, and that in lieu of each such clause or provision of this Amendment that is illegal, invalid or
unenforceable, such clause or provision shall be judicially construed and interpreted to be as similar in substance and content to such illegal, invalid or unenforceable clause or provision, as the context thereof would reasonably suggest, so as to
thereafter be legal, valid and enforceable. 

  

	 	16.	No Reservation. Submission of this Amendment for examination or signature is without prejudice and does not constitute a reservation, option or offer, and this Amendment
shall not be effective until execution and delivery by all parties. 

  

	 	17.	Counterparts. This Amendment may be executed simultaneously in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute
one and the same instrument. 

  

	 	18.	Subordinate to Master Lease. The Lease, as amended hereby, is subject and subordinate to the Master Lease, and Lessee acknowledges that it is obligated to attorn to the
Property Owner as provided in Section 7.1 of the Master Lease. 

  
 [SIGNATURES ON FOLLOWING PAGE] 
  

 9 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment under seal as of the date and year
first above written. 
  

			
	 LESSOR:

	
	 SOUTHPOINTE PARK CORP., a Massachusetts corporation

		
	 By:
	 	 \s\ Gregory L. DeWitt

	 Name:
	 	 Gregory L. DeWitt

	 Title:
	 	 Assistant Clerk

	
	 LESSEE:

	
	 ANSYS, Inc., a Delaware corporation

		
	 By:
	 	 \s\ James E. Cashman III

	 Name:
	 	 James E. Cashman III

	 Title:
	 	 President & CEO

  

 10 

 JOINDER TO AMENDMENT 
  
 The Property Owner hereby joins in the execution of the Amendment for the purpose of approving and consenting to the terms
and conditions of the Amendment. 
  
 Executed as of the 1st day of January, 2004. 
  

			
	U.S. BANK NATIONAL ASSOCIATION, A NATIONAL BANKING ASSOCIATION, AS SUCCESSOR TO THE TRUST BUSINESS OF STATE STREET BANK AND TRUST COMPANY AS TRUSTEE UNDER A CERTAIN TRUST AND
SERVICING AGREEMENT DATED AS OF FEBRUARY 27, 1998, AS AMENDED BY FIRST AMENDMENT TO TRUST AND SERVICING AGREEMENT DATED AS OF MARCH 13, 2002, BY AND AMONG CRESCENT CAPITAL (JERSEY) LTD., MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY, CALUSA N.V.,
BOSTON CAPITAL OWNERSHIP CORP., BOSTON CAPITAL INSTITUTIONAL ADVISORS, AND STATE STREET BANK AND TRUST COMPANY
		
	 By:
	 	BOSTON CAPITAL INSTITUTIONAL ADVISORS LLC, AS ATTORNEY IN FACT AND AS SERVICER AND NOT INDIVIDUALLY
		
	 By:
	 	 \s\

	 Name:
	 	 
	 Title:
	 	 Managing Director

  

 11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00069-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00069-of-00352.parquet"}]]