Document:

Amendment No. 2 to the Lease

 Exhibit 10.1 
 AMENDMENT NO. 2 
 This Amendment No. 2 (this
“Amendment”) is executed as of February 16, 2011, between RIATA HOLDINGS, L.P., a Delaware limited partnership doing business in Texas as Riata Austin Holdings, L.P. (“Landlord”), and
successor-in-interest with respect to the Lease (defined below) to Carr Texas OP, LP, a Delaware limited partnership (“Carr”), and PERVASIVE SOFTWARE INC., a Delaware corporation (“Tenant”), for
the purpose of amending the Lease between Carr and Tenant dated July 1, 2004 (the “Original Lease”). The Original Lease, as amended by Amendment No. 1 dated November 1, 2005, is referred to herein as the
“Existing Lease”, and the Existing Lease, as amended by this Amendment, is referred to herein as the “Lease”. Capitalized terms used herein but not defined shall be given the meanings assigned to them
in the Original Lease. 
 RECITALS: 
 Pursuant to the terms of the Existing Lease, Tenant is currently leasing all of the building commonly known as Riata Corporate Park Building 8, consisting of approximately 93,717 rentable square feet and
located at 12365-B Riata Trace Parkway, Austin, Texas 78727, and being a part of the complex of office buildings commonly known as Riata Corporate Park. Tenant desires to extend the Term for a period of approximately 87 months, and Landlord has
agreed to such extension on the terms and conditions contained herein. 
 AGREEMENTS: 

For valuable consideration, whose receipt and sufficiency are acknowledged, Landlord and Tenant agree as follows: 

1. Extension of Term. The Term is hereby extended such that it expires at 5:00 p.m., Austin, Texas time, on
January 31, 2019, rather than October 31, 2011, on the terms and conditions of the Lease, as modified hereby. 
 2.
Remeasurement of the Building. The Building has been remeasured and Landlord and Tenant agree that, from and after the Effective Date, the Building is deemed to contain 93,717 rentable square feet of space. Landlord and Tenant
stipulate that the number of rentable square feet contained in the Building is conclusive and shall be binding upon them. 

  
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 3. Base Rent. Beginning February 1, 2011 (the “Effective
Date”), Section 12 of the Schedule at the beginning of the Original Lease shall be revised to reflect that, subject to the conditional abatement of Base Rent provisions below, the monthly Base Rent shall be the following amounts
for the following periods of time: 
  

									
	 Time Period
	  	Annual Base
Rent Rate
Per Rentable
Square Foot	 	  	Monthly
Installments
of Base Rent	 
	 02/01/11 – 01/31/13*
	  	$	14.48	  	  	$	113,085.18	  
	 02/01/13 – 01/31/14
	  	$	14.98	  	  	$	116,990.06	  
	 02/01/14 – 01/31/15
	  	$	15.48	  	  	$	120,894.93	  
	 02/01/15 – 01/31/16
	  	$	15.98	  	  	$	124,799.81	  
	 02/01/16 – 01/31/17
	  	$	16.48	  	  	$	128,704.68	  
	 02/01/17 – 01/31/18
	  	$	16.98	  	  	$	132,609.56	  
	 02/01/18 – 01/31/19
	  	$	17.48	  	  	$	136,514.43	  

  

	*	Notwithstanding the Base Rent schedule above, Base Rent and Tenant’s Proportionate Share of Operating Cost Share Rent shall be conditionally abated to zero from
the Effective Date through and including May 31, 2011. Base Rent only shall be further abated to zero from June 1, 2011 through and including February 29, 2012. Beginning on June 1, 2011, Tenant shall make Tenant’s
Proportionate Share of Operating Cost Share Rent payments as otherwise provided in the Lease, and beginning on March 1, 2012, Tenant shall make full Rent payments as otherwise provided in the Lease. Notwithstanding such abatement of Base Rent
and Tenant’s Proportionate Share of Operating Cost Share Rent, (a) all other sums due under the Lease, including Additional Rent, shall be payable as provided in the Lease, and (b) any increases in Base Rent set forth in the Lease
shall occur on the dates scheduled therefor. 

 The abatement of Base Rent and Tenant’s Proportionate Share
of Operating Cost Share Rent provided for herein is conditioned upon no default by Tenant occurring and continuing beyond any applicable notice and cure period. If at any time during the extended Term an event of default by Tenant occurs and
continues beyond any applicable notice and cure period and the Lease is terminated or Landlord terminates Tenant’s right to possess the Premises, then the abatement of Base Rent and Tenant’s Proportionate Share of Operating Cost Share Rent
provided for herein shall immediately become void, and Tenant shall promptly pay to Landlord, in addition to all other amounts due to Landlord under the Lease, an amount equal to the Base Rent and Tenant’s Proportionate Share of Operating Cost
Share Rent herein abated multiplied by a fraction, the numerator of which is the number of full calendar months remaining in the Term as of the date of the default and the denominator of which is 87. 

4. Condition of Premises. Tenant hereby accepts the Premises in their “AS-IS” condition, and Landlord
shall have no obligation for any construction or finish-out allowance or providing to Tenant any other tenant inducement, except as provided in Section 3 above and Section 5 below. 

5. Refurbishment Allowance. 
 (a) Upon Tenant’s written request therefor at anytime after the Effective Date and before February 28, 2013, and provided that no event of default by Tenant has occurred

  
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beyond any applicable notice and cure period prior to the disbursement thereof, Landlord shall provide to Tenant a refurbishment allowance not to exceed $22.50 per rentable square foot in the
Premises (the “Refurbishment Allowance”) to be applied toward the so-called hard and soft costs of designing, planning, engineering, constructing and otherwise renovating the Premises pursuant to the Refurbishment Space Plans
defined in and attached to Exhibit A hereto (the “Refurbishment Work”). The so-called soft costs shall include, but not be limited to, Tenant and Landlord’s consulting fees, construction supervision fees, costs
associated with staging and restacking the Building, and any architectural fees; however, in no event shall the aggregate soft costs exceed $4.00 per rentable square foot in the Premises. Any Refurbishment Work for which Tenant desires reimbursement
from the Refurbishment Allowance must be performed prior to Landlord’s receipt of the relevant Completed Application for Payment (defined below). 
 (b) Prior to commencing any Refurbishment Work, Tenant shall comply with the provisions of the Lease, including Section 5 of the Original Lease, except that: (a) Tenant shall not be required to
reimburse Landlord for Landlord’s costs to review any plans relating to the Refurbishment Work (but specifically excluding any Tenant-approved actual, out-of-pocket third party fees incurred by Landlord, for which Tenant shall reimburse
Landlord), (b) Tenant shall select and enter into a construction contract only with a general contractor and other contractors and sub-contractors listed in Exhibit E hereto, and (c) Tenant shall not be required to remove any of the
alterations or improvements that do not consist of (i) network and communication cabling and associated conduit, (ii) specialty equipment (including, without limitation, any fire suppression or pre-action systems, generators, any rooftop
equipment and any track system filing units), and (iii) alterations or relocations of base-Building Systems. Landlord shall notify Tenant at the time Landlord approves the Refurbishment Working Drawings (defined in Exhibit A hereto) what
portion, if any, of the Refurbishment Work must be removed by Tenant at the expiration or earlier termination of the Term. 

(c) Landlord shall pay to Tenant (or, at Landlord’s election, to Tenant’s contractor) the Refurbishment Allowance in multiple
disbursements (not to exceed one per month) following the receipt by Landlord of the following items: (1) a request for payment, (2) final, partial or conditional lien waivers, as the case may be, from all persons performing work or
supplying or fabricating materials for Refurbishment Work covered by the applicable Completed Application for Payment, fully executed, acknowledged and in recordable form, (3) copies of all invoices and proof of payment of same, and
(4) Tenant’s certification (with the concurrence of Landlord’s construction representative, who as of the Effective Date is Buddy Reed) that the portion of the Refurbishment Work for which reimbursement has been requested has been
finally completed, including (with respect to the last application for payment only) any punch-list items, on the appropriate AIA form or another form approved by Landlord, and, with respect to the disbursement of the last 20% of the Refurbishment
Allowance: (i) the permanent certificate of occupancy issued for the Premises, (ii) delivery of the architectural “as-built” plan for the refurbishment work as constructed, (iii) final, unconditional lien waivers, fully
executed, acknowledged and in recordable form, from all persons performing work or supplying or fabricating materials for Refurbishment Work covered by the final Completed Application for Payment as well as any other portions of the Refurbishment
Work for which a final, unconditional lien waiver has not been provided, and (iv) an estoppel certificate in the form of Exhibit C hereto (collectively, items (1), (2), (3) and (4) being a “Completed Application for
Payment”). All or any part of each Completed Application for Payment other than original 

  
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documents, e.g., lien waivers (which may not be delivered by electronic means), may be delivered to Landlord (x) by electronic copy to breed@streamrealty.com or (y) as a hard
copy sent to Landlord’s notice address. Landlord shall pay the amount requested in the Completed Application for Payment within 20 days following Tenant’s submission of the Completed Application for Payment. If, however, the Completed
Application for Payment is incomplete or incorrect, and such defect is not solely caused by Landlord’s acts or failure to act, Landlord’s payment of such request shall be deferred until 20 days following Landlord’s receipt of the
corrected Completed Application for Payment. Notwithstanding anything to the contrary contained in this Section 5, Landlord shall not be obligated to make any disbursement of the Refurbishment Allowance during the pendency of any of the
following: (A) Landlord has received written notice of any unpaid claims relating to any portion of the refurbishment work or materials in connection therewith, other than claims which will be paid in full from any disbursement not yet paid by
Landlord, (B) there is an unbonded lien outstanding against the Building or the Premises or Tenant’s interest therein by reason of work done, or claimed to have been done, or materials supplied or specifically fabricated, claimed to have
been supplied or specifically fabricated, to or for Tenant or the Premises for the Refurbishment Work, (C) the conditions to the advance of the Refurbishment Allowance are not satisfied, or (D) an event of default by Tenant exists and
Landlord has delivered written notice thereof to Tenant. 
 (d) The entire Refurbishment Allowance (defined below) must be used
(that is, the refurbishment work must be fully complete and the final, Completed Application for Payment received by Landlord) by February 28, 2013 (subject to extension by one day for each Landlord Delay Day, defined below), or shall be deemed
forfeited with no further obligation by Landlord with respect thereto; time being of the essence with respect thereto. Landlord or its affiliate or agent shall inspect the Refurbishment Work during construction, monitor the supervision of the
Refurbishment Work performed by Tenant’s construction supervisor, review disbursements required to be made to the contractor, attend the planning and construction meetings related to the Refurbishment Work, and coordinate the integration of the
Refurbishment Work with the Building and the Building’s Systems. In consideration for Landlord’s construction supervision services, Tenant shall pay to Landlord a construction supervision fee equal to two percent of the so-called
“hard” construction costs with respect to such Refurbishment Work. For the avoidance of doubt, Tenant, and not Landlord, shall enter into the contract or contracts with the selected general contractor or general contractors for the
performance of the Refurbishment Work and Tenant shall be responsible for completion of the Refurbishment Work. 
 (e) As used
herein, “Landlord Delay Day” means any delay in the completion of the Refurbishment Work which is directly attributable to the affirmative acts of, or the refusal to reasonably cooperate by, Landlord or the employees, agents
or contractors of Landlord, including the following by way of example but not in limitation, Landlord fails to execute any documents required by a governmental entity in order for Tenant to complete the Refurbishment Work, or the performance of
Landlord’s construction work in and around the Project unreasonably impedes Tenant’s performance of the Refurbishment Work, and in each case which affirmative act or refusal to act continues for more than one (1) business day
following written notice from Tenant to Landlord of the event giving rise to the claimed delay, delivered to Landlord’s notice address or, for purposes of this Section 5 only, by electronic notice to Buddy Reed, Landlord’s on-site
representative for matters pertaining to the 

  
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Refurbishment Work, at breed@streamrealty.com. At any time and for any length of time, Landlord may change its construction representative by providing prior, written notice to Tenant,
including the name, address and email address of the successor or temporary on-site construction representative with the authority to act as Landlord’s agent for matters pertaining to the Refurbishment Work. 

6. Cap Amount; Notice. The percentage to be used in calculating the Cap Amount shall be reduced to 5% beginning on the
Effective Date and continuing through and including December 31, 2013. Beginning on January 1, 2014, the percentage shall return to 6%, as provided in Section 2.C(9) of the Original Lease. Upon Landlord’s receipt of any advance
written notice of a material increase in any Operating Costs or Taxes, e.g., an increase in the appraised valuation of the Building of 5% or more, Landlord will endeavor to provide Tenant with written notice thereof; however, Landlord’s failure
to provide such notice shall not be a default under the Lease or release Tenant from paying its Proportionate Share of Operating Costs. 
 7. Extension of Existing Sublease. Tenant has subleased a portion of the Premises to Cribis Corporation (“Subtenant”), a Florida corporation and successor-by-merger
to Teres Solutions, Inc., pursuant to a certain undated Sublease Agreement (as amended by a notice of change in control letter, dated July 8, 2008, and First Amendment to Sublease Agreement dated December 1, 2010, the
“Sublease”) between Tenant and Subtenant. Landlord’s consent shall not be required for any extensions of the Sublease so long as the Sublease will not extend beyond the term of the Lease; provided, however, that
Landlord’s consent shall be required for any change to the Sublease other than an extension thereof, or monetary terms pertaining to the extended term, e.g., change in rental rates, refurbishment allowances, etc. Tenant covenants to deliver to
Landlord a copy of any changes to the Sublease, even though such changes do not require Landlord’s approval, within ten business days following the execution of any such change. Landlord hereby agrees to refund to Tenant, within 30 days after
the Effective Date, the $750 review fee previously paid by Tenant to Landlord pursuant to the Consent to First Amendment to Sublease Agreement dated October 8, 2010. 
 8. Renewal Option. Section F of Appendix F of the Original Lease (entitled Extension Option) is hereby deleted in its entirety and is of no further force and effect, and Tenant shall
have the right to renew the Term as provided in Exhibit B hereto. 
 9. Termination of Other Rights.
Section A (entitled Expansion Option) of Appendix F of the Original Lease, having expired, is hereby deleted in its entirety. 
 10. Parking. Section 4.F of the Original Lease (entitled Parking) is hereby revised to reflect that during the Term, as extended hereby, Tenant, at no additional expense to Tenant,
shall have an ongoing right to use up to nine unreserved covered parking spaces, on a first-come, first-served basis, in the covered portion of the parking garage associated with the Building, and Landlord shall not allocate to other tenants of the
Project or reserve spaces in such covered area to the extent that Tenant is precluded from utilizing such nine unreserved parking spaces in such covered area. 

  
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 11. Existing LOC. Provided no event of default by Tenant has occurred and
continued beyond any applicable notice and cure periods provided in the Lease, Tenant shall not be required to extend or replace the Existing LOC when it expires on October 31, 2011, or to provide any other security deposit in exchange
therefor. Upon written request from Tenant pursuant to Section 16 of this Amendment, or, for the purposes of this Section 11 only, by electronic mail request delivered to Kim Boswell and Craig Hine, Landlord’s representatives, at
kboswell@spearstreetcapital.com and chine@spearstreetcapital.com, delivered on or after November 1, 2011, Landlord will deliver to Tenant the original Existing LOC as soon as commercially practicable after such written request.

 12. Signage. Section B (entitled Signage) of Exhibit F of the Original Lease (but not Section 11.B of
the Original Lease) is hereby deleted in its entirety and replaced with the provisions of this Section 12. All Tenant signage currently existing on or about the Building, as listed and depicted in Exhibit D hereto, is hereby approved by
Landlord. As soon as commercially practicable after the Effective Date, Landlord shall place Tenant’s name on the second existing monument sign at the entrance to Riata Trace Parkway (Tenant’s name already being on the first existing
monument sign). Landlord has previously placed Subtenant’s sign panel on the existing monument sign in front of the Building and hereby agrees and consents that Subtenant’s sign panel may remain in place in the event of an extension of the
Sublease. Landlord shall maintain such sign panels during the Term (or the Sublease term, as applicable) until the earlier of the expiration of the Lease and/or the Sublease or Tenant’s or Subtenant’s rights to possess the Premises and/or
subleased premises are terminated, at which time Landlord may, without compensation to Tenant or Subtenant, remove and dispose of the sign panels in any manner Landlord deems appropriate. The rights granted to Tenant under this Section 12 are
personal to Tenant, may not be assigned to any party, and may be revoked by Landlord if Tenant ceases to occupy at least 80% of the entire Building. Nothing in this Section 12 shall limit Landlord’s right to revise the existing criteria
for signs on or about the Project, or to require Tenant and Subtenant to modify any existing signage to comply with such revised sign criteria; however, in no event shall Tenant or Subtenant be required to remove or reduce the size of any existing
signs from their or in current location, or incur any costs in connection with any such change initiated by Landlord in the signage program for the Project. 
 13. Estoppel Certificates. Pursuant to the terms of the Lease, Tenant is obligated to execute and deliver to Landlord from time to time estoppel certificates confirming and containing such
factual certifications and representations as to the Lease as Landlord may reasonably request. Unless otherwise required by Landlord’s mortgagee or a prospective purchaser or mortgagee of the Building, the form of estoppel certificate to be
signed by Tenant is attached hereto as Exhibit C. Landlord acknowledges and agrees that Landlord has not delivered any notice to Tenant regarding a default by Tenant under the Lease, and, to Landlord’s knowledge without inquiry, no event
of default exists as of the Effective Date. Landlord and Tenant each specifically acknowledge and agree that all references in this Amendment to the phrase “to Landlord’s knowledge” (or other similar phrase) (1) shall mean the
actual (not constructive) personal knowledge of Susan L. Baker, Landlord’s asset manager (“Landlord’s Personnel”); (2) shall in no case mean or refer to the actual or constructive knowledge of any other
employee, trustee, partner, agent or partner of a partner, officer, director or other representative of Landlord or any investment advisor, attorney, contractor or representative of Landlord (together with Landlord’s Personnel,
“Landlord’s Representatives”); and (3) shall in 

  
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no event or circumstance impose upon Landlord or any of Landlord’s Representatives any duty or obligation to verify, inquire or make any independent inquiry or investigation of any such
representation, warranty or statement, or to otherwise investigate the facts or circumstances relating or otherwise pertinent thereto. 
 14. Confidentiality. Tenant acknowledges the terms and conditions of the Lease, other than the existence of the Lease and this Amendment, the extension of the Term and the number of rentable
square feet in the Premises, are to remain confidential for Landlord’s benefit, and may not be disclosed by Tenant to anyone, by any manner or means, directly or indirectly, without Landlord’s prior written consent; however, Tenant may
disclose the terms and conditions of the Lease to its attorneys, accountants, employees, financial analysts and existing or prospective financial partners, or if required by law or court order, provided all parties to whom Tenant is permitted
hereunder to disclose such terms and conditions are advised by Tenant of the confidential nature of such terms and conditions and agree to maintain the confidentiality thereof (in each case, prior to disclosure). The consent by Landlord to any
disclosures shall not be deemed to be a waiver on the part of Landlord of any prohibition against any future disclosure. Nothing in this Section 14 shall prevent Landlord or Tenant from disclosing any information required by any public
securities exchange to be disclosed in conjunction with such party’s obligations thereunder. In the event any terms and conditions of the Lease are disclosed by Tenant in its public securities exchange filings, then the terms of this
Section 14 shall terminate as to those disclosed terms and conditions only. 
 15. Limitation of Liability.
In addition to any other limitations of Landlord’s liability as contained in the Lease, the liability of Landlord (and its partners, shareholders or members) to Tenant (or any person or entity claiming by, through or under Tenant) for any
default by Landlord under the terms of the Lease or any matter relating to or arising out of the occupancy or use of the Premises and/or other areas of the Building shall be limited to Tenant’s actual direct, but not consequential, damages
therefor and shall be recoverable only from the interest of Landlord in the Building, proceeds derived from the sale thereof (after the payment by or on behalf of Landlord of all costs and expenses associated with such sale, including the repayment
by or on behalf of Landlord of any mortgage or other debt thereon), and, to the extent actually received by Landlord (thus excluding amounts paid to Landlord’s mortgagees), insurance proceeds and condemnation awards, and Landlord (and its
partners, shareholders or members) shall not be personally liable for any deficiency. Additionally, Tenant hereby waives its statutory lien under Section 91.004 of the Texas Property Code. 

16. Notices; No Electronic Records. Section 22 of the Original Lease is hereby deleted in its entirety and replaced
with the following: 
 All notices and other communications given pursuant to the Lease shall be in writing and shall be
(a) mailed by first class, United States mail, postage prepaid, certified, with return receipt requested, and addressed to the parties hereto at the address listed below, (b) hand delivered to the intended addressee, (c) sent by
nationally recognized overnight courier, or (d) sent by facsimile transmission followed by a confirmatory letter. Notice sent by certified mail, postage prepaid, shall be effective three business days after being deposited in the United States
mail; all other notices shall be effective upon delivery to the address of the 

  
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addressee (even if such addressee refuses delivery thereof). Landlord and Tenant hereby agree not to conduct the transactions or communications contemplated by the Lease by electronic means,
except by facsimile transmission as specifically set forth in this Section 16; nor shall the use of the phrase “in writing” or the word “written” be construed to include electronic communications except by facsimile
transmissions as specifically set forth in this Section 16. The parties hereto may change their addresses by giving notice thereof to the other in conformity with this provision. The addresses for notice set forth below shall supersede and
replace any addresses for notice set forth in the Lease. 
  

			
	Landlord:	  	Riata Holdings, L.P.
		  	c/o Spear Street Capital
		  	One Market Plaza, Spear Tower, Suite 4125
		  	San Francisco, CA 94105
		  	Attention: John S. Grassi
		  	Telephone: 415.222.7420
		  	Telecopy: 415.856.0348
		
	with a copy to:	  	Riata Holdings, L.P.
		  	c/o Spear Street Capital
		  	One Market Plaza, Spear Tower, Suite 4125
		  	San Francisco, CA 94105
		  	Attention: Asset Manager - Riata
		  	Telephone: 415.222.7420
		  	Telecopy: 415.856.0348
		
	Tenant:	  	Pervasive Software Inc.
		  	Riata Corporate Park, Building 8
		  	12365-B Riata Trace Parkway
		  	Austin, TX 78727
		  	Attention: Chief Executive Officer
		  	Telephone: 512.231.6000
		  	Facsimile: 512.231.6010
		
	with a copy to:	  	Pervasive Software Inc.
		  	Riata Corporate Park, Building 8
		  	12365-B Riata Trace Parkway
		  	Austin, TX 78727
		  	Attention: Chief Financial Officer
		  	Telephone: 512.231.6000
		  	Facsimile: 512.231.6010

 17.
Brokerage. Landlord and Tenant each warrant to the other that it has not dealt with any broker or agent in connection with the negotiation or execution of this Amendment other than Jones Lang LaSalle Brokerage, Inc. and HPI Real
Estate, Inc., whose commissions shall be paid by Landlord pursuant to separate written agreements. Tenant and Landlord shall each indemnify the other against all costs, expenses, attorneys’ fees, and other liability for commissions or other
compensation claimed by any other broker or agent claiming the same by, through, or under the indemnifying party. 

  
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 18. Determination of Charges. Landlord and Tenant agree that each provision of
the Lease for determining charges and amounts payable by Tenant (including provisions regarding Tenant’s Proportionate Share of Operating Cost Share Rent and Additional Rent) is commercially reasonable and, so long as Landlord complies with the
provisions thereof, as to each such charge or amount, constitutes a statement of the amount of the charge or a method by which the charge is to be computed for purposes of Section 93.012 of the Texas Property Code. 

19. Taxes. Landlord and Tenant affirm that the so-called Texas margin tax and/or any other business tax imposed under Texas
Tax Code Chapter 171 and/or any successor statutory provision for reports due under any such provision is a Rent Tax, as defined in Section C.3 of the Lease, and is included in the definition of Taxes. 

20. Prohibited Persons and Transactions. Tenant represents and warrants that neither it nor any of its affiliates, nor any
of their respective partners, members, shareholders or other equity owners, and none of their respective employees, officers, directors, representatives or agents is, nor will they become, a person or entity with whom U.S. persons or entities are
restricted from doing business under regulations of the Office of Foreign Assets Control (“OFAC”) of the Department of the Treasury (including those named on OFAC’s Specially Designated Nationals and Blocked Persons
List) or under any statute, executive order (including the September 24, 2001, Executive Order Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism), or other governmental action and
is not and will not assign or otherwise transfer the Lease to, contract with or otherwise engage in any dealings or transactions or be otherwise associated with such persons or entities. 

21. Ratification. Landlord and Tenant each hereby ratifies and confirms its obligations under the Lease, and represents and
warrants to the other that it has no defenses thereto. Additionally, Tenant further confirms and ratifies that, as of the date hereof, (a) the Lease is and remains in good standing and in full force and effect, (b) Tenant has no claims,
counterclaims, set-offs or defenses against Landlord arising out of the Lease or in any way relating thereto or arising out of any other transaction between Landlord and Tenant, and (c) except as expressly provided for in this Amendment, all
tenant finish-work allowances provided to Tenant under the Lease or otherwise, if any, have been paid in full by Landlord to Tenant, and Landlord has no further obligations with respect thereto. 

22. Binding Effect; Governing Law. Except as modified hereby, the Lease shall remain in full effect and this Amendment
shall be binding upon Landlord and Tenant and their respective successors and assigns. If any inconsistency exists or arises between the terms of the Lease and the terms of this Amendment, the terms of this Amendment shall prevail. This Amendment
shall be governed by the laws of the State of Texas. 
 23. Counterparts. This Amendment may be executed in
multiple counterparts, each of which shall be deemed to be an original, and all of such counterparts shall constitute one document. To facilitate execution of this Amendment, the parties hereto may execute and exchange, by telephone facsimile or
electronic mail PDF, counterparts of the signature pages. Signature pages may be detached from the counterparts and attached to a single copy of this Amendment to physically form one document. 

  
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 24. Subordination, Non-Disturbance and Attornment
Agreement. Landlord shall obtain a subordination, non-disturbance and attornment agreement (“SNDA”) in the form of Exhibit F hereto from the current Landlord’s mortgagee, and Landlord shall use reasonable
efforts to obtain an SNDA from any future Landlord’s mortgagee in the same or similar form of Exhibit F hereto (in any case, which form shall supersede the form contained in Appendix H to the Original Lease) or such
mortgagee’s standard form with such changes as may be acceptable to Tenant and such mortgagee; however, so long as Landlord uses good faith efforts to obtain an SNDA, Landlord’s failure to obtain such agreement shall not constitute a
default by Landlord hereunder or prohibit the mortgaging of the Building. If Landlord fails to deliver an SNDA, executed by Landlord and Landlord’s current mortgagee, within 30 days following the Effective Date, Tenant may terminate this
Amendment (but not the Lease) by giving Landlord written notice thereof prior to the earlier of (a) the
40th day following the Effective Date, or (b) the
date on which Landlord delivers the SNDA from Landlord’s current mortgagee to Tenant. The termination right afforded to Tenant under this Section 24 shall be Tenant’s sole remedy for Landlord’s failure to timely deliver an SNDA
from Landlord’s current mortgagee. Time is of the essence for the delivery of Tenant’s termination notice under this Section 24; accordingly, if Tenant fails timely to deliver any such notice, Tenant’s right to terminate this
Amendment under this Section 24 shall expire. 
 25. Construction Management Fee. Section 5.A(6) of the
Original Lease is hereby revised to change all references to 7.5% to 2%. 
 26. Financial Statements.
Section 25.Y of the Original Lease is hereby revised to add the following sentence: “If Tenant is an entity that is domiciled in the United States of America, and whose securities are funded through a public securities exchange subject to
regulation by the United States of America publicly traded over exchanges based in the United States and whose financial statements are readily available, the terms of this Section 25.Y shall not apply.” 

27. Existing Landlord’s Mortgagee. Appendix D to the Original Lease is hereby revised to replace
“Northwestern Mutual Life Insurance Co.” with “Wells Fargo, N.A.” 
 28. Generator.
Section C to Appendix F of the Original Lease is hereby revised to reflect that the term “Generator” shall also mean any associated fuel tank and all related equipment, as well as any supplemental or secondary generators.
Tenant’s use of the Generator must comply with all Laws, and shall not interfere with the peaceful use of the Building and its common areas by Landlord and other Building tenants. To Landlord’s knowledge, Tenant’s current use of the
existing Generator is in compliance with the terms of the Lease. Tenant must operate any additional or supplemental generators so as not to create any excessive noise, vibrations or fumes, and, upon Landlord’s written request, Tenant shall
install any additional soundproofing, mufflers and/or vibration dampers required to prevent noise or vibrations outside the Premises. If (i) Tenant violates the provisions of Section C to Appendix F of the Original Lease or
this Section 28, or (ii) Landlord receives complaints about the use of Tenant’s additional or supplemental generators from other tenants of the Project twice in any 12-month 

  
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period, and Tenant fails to correct the situation to Landlord’s reasonable satisfaction within five business days after Landlord’s written notice to Tenant thereof, Landlord may, in
Landlord’s sole discretion and in addition to all other remedies available to Landlord for such violation, revoke Tenant’s right to maintain and use Tenant’s additional or supplemental generators effective immediately. 

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 [SIGNATURE PAGE TO AMENDMENT NO. 2] 

Executed as of the date first written above. 
  

									
	LANDLORD:	 		 	RIATA HOLDINGS, L.P., a Delaware limited partnership doing business in Texas as Riata Austin Holdings, L.P.
				
		 		 	By:	 	Riata Holdings General Partner, LLC, a Delaware limited liability company doing business in Texas as Riata Austin Holdings General Partner, LLC, its general
partner
					
		 		 		 	By:	 	 /s/ John S. Grassi

		 		 		 		 	 John S. Grassi, President

			
	TENANT:	 		 	PERVASIVE SOFTWARE INC., a Delaware corporation
				
		 		 	By:	 	 /s/ Randy Jonkers

		 		 	Name:	 	 Randy Jonkers

		 		 	Title:	 	 CFO

  
 12 

 EXHIBIT A 

REFURBISHMENT PLANS 
 1. Refurbishment Space Plans. Prior to the execution of this Amendment, Landlord and Tenant have agreed on space plans prepared by BOKA Powell, LLC (the “Architect”)
dated January 17, 2011 and attached hereto as Exhibit A-1, depicting renovations to be made to the Premises (the “Refurbishment Space Plans”). 

2. Refurbishment Working Drawings. 
 (a) Preparation and Delivery. Tenant shall provide to Landlord for its approval final, construction-ready working drawings, prepared by the Architect and based upon the Refurbishment Space
Plans, of all renovations that Tenant proposes to make to the Premises, which working drawings shall include detailed plans and specifications for the construction of the renovations and in accordance with all applicable laws. 

(b) Approval Process. Landlord shall notify Tenant whether it approves of the submitted working drawings within five
business days after Tenant’s submission thereof. If Landlord disapproves of such working drawings, then Landlord shall notify Tenant thereof specifying in reasonable detail the reasons for such disapproval, in which case Tenant shall, within
five business days after such notice, revise such working drawings in accordance with Landlord’s objections and submit the revised working drawings to Landlord for its review and approval. Landlord shall notify Tenant in writing whether it
approves of the resubmitted working drawings within five business days after its receipt thereof. This process shall be repeated until the working drawings have been finally approved by Tenant and Landlord (such approved working drawings being the
“Refurbishment Working Drawings” and, collectively with the Refurbishment Space Plans, the “Refurbishment Plans”). Landlord’s approval of the Refurbishment Working Drawings shall not be
unreasonably withheld, conditioned or delayed, provided the Refurbishment Work would not adversely affect to more than a de minimis extent (in the reasonable discretion of Landlord) the Building’s structure or the Building’s systems
(including the Project’s restrooms or mechanical rooms), or affect the (i) exterior appearance of the Project, (ii) appearance of the Project’s common areas or lobby areas, or (iii) provision of services to other occupants
of the Project; otherwise, Landlord may withhold consent in its sole discretion. If Landlord fails to notify Tenant that it disapproves of the initial or resubmitted working drawings within five business days after the submission thereof, then
Landlord shall be deemed to have approved the working drawings in question. 
 Any material change to the Refurbishment
Plans shall require Landlord’s written consent, which consent shall not be unreasonably withheld or delayed provided such changes do not fall under clauses (i) through (iv) above. Landlord’s approval of the Refurbishment Plans
shall not be a representation or warranty of Landlord that such plans and drawings are adequate for any use or comply with any law, but shall merely be the consent of Landlord thereto. Tenant shall cause the renovations to be performed in accordance
with the Refurbishment Plans. LANDLORD MAKES NO WARRANTIES, EXPRESS OR IMPLIED, WITH RESPECT TO THE REFURBISHMENT SPACE PLANS, THE REFURBISHMENT WORKING DRAWINGS OR THE REFURBISHMENT WORK (OR ANY OTHER SERVICES

  
 A-1

 
PROVIDED BY THE ARCHITECT, TENANT’S CONTRACTOR OR ANY OF THEIR SUBCONTRACTORS). ALL IMPLIED WARRANTIES BY LANDLORD WITH RESPECT THERETO, INCLUDING BUT NOT LIMITED TO THOSE OF HABITABILITY,
MERCHANTABILITY, MARKETABILITY, QUALITY AND FITNESS FOR A PARTICULAR PURPOSE, ARE EXPRESSLY NEGATED AND WAIVED. WITHOUT LIMITING THE FOREGOING, LANDLORD SHALL NOT BE RESPONSIBLE FOR ANY FAILURE OF THE REFURBISHMENT WORK. LANDLORD WILL NOT BE
RESPONSIBLE FOR, OR HAVE CONTROL OR CHARGE OVER, THE ACTS OR OMISSIONS OF THE ARCHITECT OR ITS AGENTS OR EMPLOYEES. LANDLORD IS NOT ACTING AS A CONTRACTOR AND IS NOT GUARANTEEING THE REFURBISHMENT SPACE PLANS, THE REFURBISHMENT WORKING DRAWINGS OR
THE REFURBISHMENT WORK, TENANT’S SOLE RECOURSE WITH RESPECT THERETO BEING THE PURSUIT OF TENANT’S REMEDIES UNDER THE WARRANTIES CONTAINED IN THE CONSTRUCTION CONTRACT OR IN TENANT’S ARCHITECT’S AGREEMENT. 

  
 A-2

 EXHIBIT A-1 

APPROVED REFURBISHMENT SPACE PLANS 

  
 A-3

 EXHIBIT B 

RENEWAL OPTION 
 Tenant may renew the Lease for one additional period of five years, by delivering written notice of the exercise thereof to Landlord not earlier than 18 months nor later than 12 months before the
expiration of the Term. The Base Rent payable for each month during such extended Term shall be the prevailing rental rate (the “Prevailing Rental Rate”), at the commencement of such extended Term, for renewals of space in
comparable Class A buildings (including the Riata Corporate Park complex) in the submarket in which the Building is located of equivalent quality, size, utility and location, with the length of the extended Term, the absence of any parking
charges, moving allowances, rent abatements or construction allowances, the fact that Tenant will not incur any moving, relocation or loss-of-business expenses, and the credit standing of Tenant to be taken into account. Within 30 days after receipt
of Tenant’s notice to renew, Landlord shall deliver to Tenant written notice of the Prevailing Rental Rate and shall advise Tenant of the required adjustment to Base Rent, if any, and the other terms and conditions offered. Tenant shall, within
five days after receipt of Landlord’s notice, notify Landlord in writing whether Tenant accepts or rejects Landlord’s determination of the Prevailing Rental Rate. If Tenant timely notifies Landlord that Tenant accepts Landlord’s
determination of the Prevailing Rental Rate, then, on or before the commencement date of the extended Term, Landlord and Tenant shall execute an amendment to the Lease extending the Term on the same terms provided in the Lease, except as follows:

  

	 	(a)	Base Rent shall be adjusted to the Prevailing Rental Rate; 

  

	 	(b)	Tenant shall have no further renewal option unless expressly granted by Landlord in writing; 

 

	 	(c)	Landlord shall lease to Tenant the Premises in their then-current condition, and Landlord shall not provide to Tenant any allowances (e.g., moving allowance,
construction allowance, and the like) or other tenant inducements; provided, if any such allowances or other tenant inducements have been taken into account in determining the Prevailing Rental Rate, then Landlord shall provide such allowances to
Tenant; and 

  

	 	(d)	If tenants in similar buildings in the submarket in which the Building is located are then paying for parking, Tenant shall pay for the parking spaces which it is
entitled to use at the rates from time to time charged by Landlord for the parking areas associated with the Building during the extended Term (plus all applicable taxes). 

If Tenant rejects Landlord’s determination of the Prevailing Rental Rate and timely notifies Landlord thereof, Tenant may, in its
notice to Landlord, require that the determination of the Prevailing Rental Rate be made by brokers (and if Tenant makes such election, Tenant and Landlord shall be deemed to have irrevocably renewed the Term, subject only to the determination of
the Prevailing Rental Rate as provided below). In such event, within ten days thereafter, each party shall select a qualified commercial real estate broker with at least ten years 

  
 B-1

 
experience in leasing property and buildings in the city or submarket in which the Premises are located. The two brokers shall give their opinion of prevailing rental rates within 20 days after
their retention. In the event the opinions of the two brokers differ and, after good faith efforts over the succeeding 20-day period, they cannot mutually agree, the brokers shall immediately and jointly appoint a third broker with the
qualifications specified above. This third broker shall immediately (within five days) choose either the determination of Landlord’s broker or Tenant’s broker and such choice of this third broker shall be final and binding on Landlord and
Tenant. Each party shall pay its own costs for its real estate broker. Following the determination of the Prevailing Rental Rate by the brokers, the parties shall equally share the costs of any third broker. The parties shall immediately execute an
amendment as set forth above. If Tenant fails to timely notify Landlord in writing that Tenant accepts or rejects Landlord’s determination of the Prevailing Rental Rate, time being of the essence with respect thereto, Tenant’s rights under
this Exhibit shall terminate and Tenant shall have no right to renew the Lease. 
 Tenant’s rights under this Exhibit shall
terminate if (i) an event of default by Tenant exists beyond any applicable notice and cure period as of the date of Tenant’s exercise of its rights under this Exhibit or as of the renewal commencement date of the applicable extended Term,
(ii) the Lease or Tenant’s right to possession of any of the Premises is terminated, (iii) Tenant assigns its interest in the Lease or sublets more than 20% of the Premises demised as of the Effective Date other than to a Permitted
Transferee, (iv) Tenant ceases to lease from Landlord and to occupy at least 80% of the Premises demised to Tenant as of the Effective Date, (v) the Tangible Net Worth of Tenant is less than 80% of Tenant’s Tangible Net Worth as of
the Effective Date, or (v) Tenant fails to timely exercise its option under this Exhibit, time being of the essence with respect to Tenant’s exercise thereof. As used herein, “Tangible Net Worth” means the excess of
total assets over total liabilities, in each case as determined in accordance with generally accepted accounting principles consistently applied (“GAAP”), excluding, however, from the determination of total assets all assets
which would be classified as intangible assets under GAAP including goodwill, licenses, patents, trademarks, trade names, copyrights, and franchises. 

  
 B-2

 EXHIBIT C 

FORM OF TENANT ESTOPPEL CERTIFICATE 
 The undersigned is the Tenant under the Lease (defined below) between
                            , a
                            , as Landlord, and the undersigned as Tenant, for the Premises on the
             floor(s) of the office building located at
                            ,
                     and commonly known as
                            , and hereby certifies as follows: 

1. The Lease consists of the original Lease Agreement dated as of
                            , between Tenant and Landlord[‘s predecessor-in-interest] and
the following amendments or modifications thereto (if none, please state “none”): 
  
  

 
  

 
  

 
 The documents listed above are herein collectively
referred to as the “Lease” and represent the entire agreement between the parties with respect to the Premises. All capitalized terms used herein but not defined shall be given the meaning assigned to them in the Lease.

 2. The Lease is in full force and effect and has not been modified, supplemented or amended in any way except as provided in
Section 1 above. 
 3. The Term commenced on
                            , and the Term expires, excluding any renewal options, on
                    , 20    , and Tenant has no option to purchase all or any part of the Premises or the Building
or, except as expressly set forth in the Lease, any option to terminate or cancel the Lease. 
 4. Tenant currently occupies the
Premises described in the Lease and Tenant has not transferred, assigned, or sublet any portion of the Premises nor entered into any license or concession agreements with respect thereto except as follows (if none, please state “none”):

  
  

 
  

 
  

 
 5. All monthly installments of
Base Rent, all Additional Rent and all monthly installments of estimated Tenant’s Proportionate Share of Operating Cost Share Rent have been paid when due through
                    . The current monthly installment of Base Rent is
$            . 
 6. All conditions of the Lease to be
performed by Landlord necessary to the enforceability of the Lease have been satisfied and Landlord is not in default thereunder. In addition, Tenant has not delivered any notice to Landlord regarding a default by Landlord thereunder, except as
follows (if none, state “None”):                             . 

  
 C-1

 7. As of the date hereof, there are no existing defenses or offsets, or, to the
undersigned’s knowledge, claims or any basis for a claim, that the undersigned has against Landlord and no event has occurred and no condition exists, which, with the giving of notice or the passage of time, or both, will constitute a default
under the Lease. 
 8. No rental has been paid more than thirty (30) days in advance and no security deposit has been
delivered to Landlord except as provided in the Lease. 
 9. If Tenant is a corporation, partnership or other business entity,
each individual executing this Estoppel Certificate on behalf of Tenant hereby represents and warrants that Tenant is a duly formed and existing entity qualified to do business in the state in which the Premises is located and that Tenant has full
right and authority to execute and deliver this Estoppel Certificate and that each person signing on behalf of Tenant is authorized to do so. 
 10. There are no actions pending against Tenant under any bankruptcy or similar laws of the United States or any state. 
 11. Other than in compliance with all applicable laws and incidental to the ordinary course of the use of the Premises, the undersigned has not used or stored any hazardous substances in the Premises.

 12. All tenant improvement work to be performed by Landlord under the Lease has been completed in accordance with the Lease
and has been accepted by the undersigned and all reimbursements and allowances due to the undersigned under the Lease in connection with any tenant improvement work have been paid in full. 

Tenant acknowledges that this Estoppel Certificate may be delivered to Landlord, Landlord’s mortgagee or to a prospective mortgagee
or prospective purchaser, and their respective successors and assigns, and acknowledges that Landlord, Landlord’s mortgagee and/or such prospective mortgagee or prospective purchaser will be relying upon the statements contained herein in
disbursing loan advances or making a new loan or acquiring the property of which the Premises are a part and that receipt by it of this certificate is a condition of disbursing loan advances or making such loan or acquiring such property.

 Executed as of
                                        ,
20    . 
  

											
	TENANT:	  		 	  
	 	, a	 	  

				
		  		 	By:	 	  

		  		 	Name:	 	  

		  		 	Title	 	  

  
 C-2

 EXHIBIT D 

TENANT’S CURRENTLY EXISTING SIGNAGE 
 Building Top Sign on Riata Corporate Building 8 

 

 

  
 D-1

 Building Monument Sign at Front Entrance to Riata Corporate Park Building 8

 

 

  
 D-2

 Building Monument Sign at Entrance to Riata Corporate Park off of Riata Trace Parkway

 

 

  
 D-3

 EXHIBIT E 

LIST OF LANDLORD APPROVED CONTRACTORS 

 

 

  
 E-1

 EXHIBIT F 

FORM OF SUBORDINATION, NON-DISTURBANCE 
 AND ATTORNMENT AGREEMENT 
 RECORDING REQUESTED BY 

AND WHEN RECORDED MAIL TO: 
 Wells Fargo
Bank, National Association 
 Real Estate Merchant Banking Group (AU #02034) 

420 Montgomery St., 6th Floor 
 San
Francisco, CA 94108 
 Attn:        Rich Daniel 
 Loan No. 1000531 
  

 
  

SUBORDINATION AGREEMENT; ACKNOWLEDGMENT OF LEASE ASSIGNMENT, ESTOPPEL, 

ATTORNMENT AND NON-DISTURBANCE AGREEMENT 
 (Lease To Deed of Trust) 
  

			
	NOTICE:	  	THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME OTHER OR LATER SECURITY
INSTRUMENT.

 THIS SUBORDINATION AGREEMENT; ACKNOWLEDGMENT OF LEASE ASSIGNMENT, ESTOPPEL, ATTORNMENT AND NON-DISTURBANCE
AGREEMENT (“Agreement”) is made                          , 2011 by and between RIATA HOLDINGS,
L.P., a Delaware limited partnership doing business in Texas as Riata Austin Holdings, L.P. (“Owner”), PERVASIVE SOFTWARE INC., a Delaware corporation (“Lessee”) and WELLS FARGO BANK,
NATIONAL ASSOCIATION (“Lender”). 
 R E C I T A L S

  

	A.	Pursuant to the terms and provisions of a lease dated February 11, 2011 (“Lease”), Owner, as “Lessor”, granted to Lessee a
leasehold estate in and to a portion of the property described on Exhibit A attached hereto and incorporated herein by this reference (which property, together with all improvements now or hereafter located on the property, is defined as the
“Property”). 

  

	B.	Owner has executed a deed of trust with absolute assignment of leases and rents, security agreement and fixture filing (“Deed of Trust”)
securing, among other things, a promissory note (“Note”) in favor of Lender, which Note is payable with interest and upon the terms and conditions described therein (“Loan”). The Deed of Trust is
recorded in the Real Property Records in Travis County, Texas. 

  

	C.	As a condition to making the Loan secured by the Deed of Trust, Lender requires that the Deed of Trust be unconditionally and at all times remain a lien on the
Property, prior and superior to all the rights of Lessee under the Lease and that the Lessee specifically and unconditionally subordinate the Lease to the lien of the Deed of Trust. 

 

	D.	Lender, Owner and Lessee have agreed to the subordination, non-disturbance and attornment and other agreements herein in favor of Lender and Lessee.

  
 F-1

 NOW THEREFORE, for valuable consideration and to induce Lender to make the Loan, Owner and Lessee hereby
agree for the benefit of Lender as follows: 
 1. SUBORDINATION. Subject to the Non-Disturbance as herein defined,
Owner and Lessee hereby agree that: 
 1.1 Prior Lien. The Deed of Trust securing the Note in favor of Lender, and
any modifications, renewals or extensions thereof (including, without limitation, any modifications, renewals or extensions with respect to any additional advances made subject to the Deed of Trust), shall unconditionally be and at all times remain
a lien on the Property prior and superior to the Lease; 
 1.2 Subordination. Lender would not make the Loan
without this agreement to subordinate; and 
 1.3 Whole Agreement. This Agreement shall be the whole agreement and
only agreement with regard to the subordination of the to the lien of the Deed of Trust and shall supersede and cancel, but only insofar as would affect the priority between the Deed of Trust and the Lease, any prior agreements as to such
subordination, including, without limitation, those provisions, if any, contained in the Lease which provide for the subordination of the Lease to a deed or deeds of trust or to a mortgage or mortgages. 

AND FURTHER, Lessee individually declares, agrees and acknowledges for the benefit of Lender, subject to the Non-Disturbance, that:

 1.4 Use of Proceeds. Lender, in making disbursements pursuant to the Note, the Deed of Trust or any loan
agreements with respect to the Property, is under no obligation or duty to, nor has Lender represented that it will, see to the application of such proceeds by the person or persons to whom Lender disburses such proceeds, and any application or use
of such proceeds for purposes other than those provided for in such agreement or agreements shall not defeat this agreement to subordinate in whole or in part; 
 1.5 Waiver, Relinquishment and Subordination. Lessee intentionally and unconditionally waives, relinquishes and subordinates all of Lessee’s right, title and interest in and to the
Property to the lien of the Deed of Trust and understands that in reliance upon, and in consideration of, this waiver, relinquishment and subordination, specific loans and advances are being and will be made by Lender and, as part and parcel
thereof, specific monetary and other obligations are being and will be entered into which would not be made or entered into but for said reliance upon this waiver, relinquishment and subordination. 

2. ASSIGNMENT. Lessee acknowledges and consents to the assignment of the Lease by Lessor in favor of Lender. 

3. ESTOPPEL. Lessee acknowledges and represents that: 

3.1 Lease Effective. The Lease has been duly executed and delivered by Lessee and, subject to the terms and conditions
thereof, the Lease is in full force and effect, the obligations of Lessee thereunder are valid and binding and there have been no modifications or additions to the Lease, written or oral; 

3.2 No Default. To the best of Lessee’s knowledge, as of the date hereof: (i) there exists no breach, default, or
event or condition which, with the giving of notice or the passage of time or both, would constitute a breach or default under the Lease; and (ii) there are no existing claims, defenses or offsets against rental due or to become due under the
Lease; 
 3.3 Entire Agreement. The Lease constitutes the entire agreement between Lessor and Lessee with respect
to the Property and Lessee claims no rights with respect to the Property other than as set forth in the Lease; and 
 3.4
No Prepaid Rent. No deposits or prepayments of rent have been made in connection with the Lease, except as follows: the Letter of Credit (as defined in the Lease). 

4. ADDITIONAL AGREEMENTS. Lessee covenants and agrees that, during all such times as Lender is the Beneficiary under the
Deed of Trust: 
 4.1 Modification, Termination and Cancellation. Lessee will not consent to any modification,
amendment, termination or cancellation of the Lease (in whole or in part) without Lender’s prior written consent and will not make any payment to Lessor in consideration of any modification, termination or cancellation of the Lease (in whole or
in part) without Lender’s prior written consent, which consents shall not be unreasonably withheld or delayed; 

  
 F-2

 4.2 Notice of Default. Lessee will notify Lender in writing concurrently with
any notice given to Lessor of any default by Lessor under the Lease, and Lessee agrees that Lender has the right (but not the obligation) to cure any breach or default specified in such notice within the time periods set forth below and Lessee will
not declare a default of the Lease, as to Lender, if Lender cures such default within fifteen (15) days from and after the expiration of the time period provided in the Lease for the cure thereof by Lessor; provided, however, that
if such default cannot with diligence be cured by Lender within such fifteen (15) day period, the commencement of action by Lender within such fifteen (15) day period to remedy the same shall be deemed sufficient so long as Lender pursues
such cure in good faith and with due diligence; 
 4.3 No Advance Rents. Lessee will make no payments or
prepayments of rent more than one (1) month in advance of the time when the same become due under the Lease; and 
 4.4
Assignment of Rents. Upon receipt by Lessee of written notice from Lender that Lender has elected to terminate the license granted to Lessor to collect rents, as provided in the Deed of Trust, and directing the payment of rents by
Lessee to Lender, Lessee shall comply with such direction to pay and shall not be required to determine whether Lessor is in default under the Loan and/or the Deed of Trust. 
 5. ATTORNMENT. In the event of a foreclosure under the Deed of Trust, Lessee agrees for the benefit of Lender (including for this purpose any transferee of Lender or any transferee of
Lessor’s title in and to the Property by Lender’s exercise of the remedy of sale by foreclosure under the Deed of Trust) as follows: 
 5.1 Payment of Rent. Lessee shall pay to Lender all rental payments required to be made by Lessee pursuant to the terms of the Lease for the duration of the term of the Lease; 

5.2 Continuation of Performance. Lessee shall be bound to Lender in accordance with all of the provisions of the Lease for
the balance of the term thereof, and Lessee hereby attorns to Lender as its landlord, such attornment to be effective and self-operative without the execution of any further instrument immediately upon Lender succeeding to Lessor’s interest in
the Lease and giving written notice thereof to Lessee; 
 5.3 No Offset. Lender shall not be liable for, nor
subject to, any offsets or defenses which Lessee may have by reason of any act or omission of Lessor under the Lease prior to the date of foreclosure or transfer of the Property in lieu of foreclosure or the date of possession by Lender, nor for the
return of any sums which Lessee may have paid to Lessor under the Lease as and for security deposits, advance rentals or otherwise, except to the extent that such sums are actually delivered by Lessor to Lender; and 

5.4 Subsequent Transfer. If Lender, by succeeding to the interest of Lessor under the Lease, should become obligated to
perform the covenants of Lessor thereunder, then, upon any further transfer of Lessor’s interest by Lender, all of such obligations shall terminate as to Lender, except to the extent that such sums are not delivered by Lender to the transferee.

 6. NON-DISTURBANCE. In the event of a foreclosure under the Deed of Trust, so long as there shall then exist no
event of default on the part of Lessee under the Lease, beyond any applicable notice and cure period under the Lease, Lender agrees for itself and its successors and assigns that the leasehold interest of Lessee under the Lease and the Sublessee
under the undated Sublease Agreement (as amended by a notice of change in control letter, dated July 8, 2008, and First Amendment to Sublease Agreement dated December 1, 2010) (“Sublease”) to Cribis Corporation
(“Subtenant”), a Florida corporation and successor-by-merger to Teres Solutions, Inc. shall not be extinguished or terminated by reason of such foreclosure, but rather the Lease and Sublease shall continue in full force and effect and
Lender shall recognize and accept Lessee as tenant under the Lease and Subtenant as the sublessee under the Sublease, subject to the terms and provisions of the Lease except as modified by this Agreement; provided, however, that Lessee and Lender
agree that the following provisions of the Lease (if any) shall not be binding on Lender: any option to purchase with respect to the Property; any right of first refusal with respect to the Property; any provision regarding the use of insurance
proceeds or condemnation proceeds with respect to the Property which is inconsistent with the terms of the Deed of Trust (herein collectively referred to as the “Non-Disturbance”). Notwithstanding the fact that the Lease and
the Sublease remain in effect upon a foreclosure of the Deed of Trust in accordance with the foregoing provisions, in the event that, following a foreclosure of the Deed of Trust, the Lease is terminated for any reason, including by reason of an
event of default beyond any applicable notice and cure periods on the part of Lessee under the Lease, the Sublease, if still in effect at such time, and the rights of the Subtenant under the Sublease will also be terminated effective as of the date
of termination of the Lease. 

  
 F-3

 7. MISCELLANEOUS. 

7.1 Heirs, Successors, Assigns and Transferees. The covenants herein shall be binding upon, and inure to the benefit of,
the heirs, successors and assigns of the parties hereto; and 
 7.2 Notices. All notices or other communications
required or permitted to be given pursuant to the provisions hereof shall be deemed served upon delivery or, if mailed, upon the first to occur of receipt or the expiration of three (3) days after deposit in United States Postal Service,
certified mail, postage prepaid and addressed to the address of Lessee or Lender appearing below: 
  

	
	 “OWNER”
  

Riata Holdings, L.P.
 c/o Spear Street
Capital
 One Market Plaza, Spear Tower, Suite 4125
 San Francisco, CA 94105
 Attention: John S. Grassi - Riata

	
	 With a copy to:
  

Riata Holdings, L.P.
 c/o Spear Street
Capital
 One Market Plaza, Spear Tower, Suite 4125
 San Francisco, CA 94105
 Attention: Asset Manager - Riata

	
	 “LENDER”
  

Wells Fargo Bank, National Association
 Real
Estate Merchant Banking Group (AU #02034)
 420 Montgomery St., 6th Floor
 San Francisco, CA 94108
 Attention: Rich Daniel

Loan No. 1000531

	
	 “LESSEE”
  

Pervasive Software Inc.
 Riata Corporate Park,
Building 8
 12365-B Riata Trace Parkway

Austin, TX 78727
 Attention: Chief Executive
Officer

	
	 With a copy to:
  

Pervasive Software Inc.
 Riata Corporate Park,
Building 8
 12365-B Riata Trace Parkway

Austin, TX 78727
 Attention: Chief Financial
Officer

 provided, however, any party shall have the right to change its address for notice hereunder by the
giving of written notice thereof to the other party in the manner set forth in this Agreement; and 
 7.3 Owner Not in
Default. Lender hereby represents and warrants that, to Lender’s knowledge as of the date of this Agreement, Owner is not in default of the Loan or any agreements related thereto. 

8. COUNTERPARTS. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and
all of which together shall constitute and be construed as one and the same instrument; and 

  
 F-4

 9. REMEDIES CUMULATIVE. All rights of Lender herein to collect rents on behalf
of Lessor under the Lease are cumulative and shall be in addition to any and all other rights and remedies provided by law and by other agreements between Lender and Lessor or others; and 

10. PARAGRAPH HEADINGS. Paragraph headings in this Agreement are for convenience only and are not to be construed as part
of this Agreement or in any way limiting or applying the provisions hereof. 
 11. INCORPORATION. Exhibit A
attached hereto and incorporated herein by this reference. 

  
 F-5

[SIGNATURE PAGE TO SUBORDINATION AGREEMENT; ACKNOWLEDGMENT OF LEASE ASSIGNMENT, ESTOPPEL,

 ATTORNMENT AND NON DISTURBANCE AGREEMENT] 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. 

 

					
	“OWNER”
	
	RIATA HOLDINGS, L.P., a Delaware limited partnership doing business in Texas as Riata Austin Holdings, L.P.
		
	By:	 	Riata Holdings General Partner, LLC, a Delaware limited liability company doing business in Texas as Riata Austin Holdings General Partner, LLC, its general
partner
			
		 	By:	 	  

		 		 	John S. Grassi, President

  

	
	STATE OF CALIFORNIA
	COUNTY OF SAN FRANCISCO SS.

 On
                                         
                        before me, (insert name and title of the officer), personally appeared John S. Grassi, who proved to me on
the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their
signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. 
 I certify
under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. 
 WITNESS my hand and
official seal 
 Signature
                                         
                                    

My commission expires
                                         
           . 

  
 F-6

[SIGNATURE PAGE TO SUBORDINATION AGREEMENT; ACKNOWLEDGMENT OF LEASE ASSIGNMENT, ESTOPPEL,

 ATTORNMENT AND NON DISTURBANCE AGREEMENT] 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. 

 

			
	“LENDER”
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

 

	
	STATE OF CALIFORNIA
	COUNTY OF
                                
SS.

On
                                         
                        before me, (insert name and title of the officer), personally appeared
                    , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within
instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed
the instrument. 
 I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and
correct. 
 WITNESS my hand and official seal 
 Signature
                                         
                                    

My commission expires
                                         
           . 

  
 F-7

[SIGNATURE PAGE TO SUBORDINATION AGREEMENT; ACKNOWLEDGMENT OF LEASE ASSIGNMENT, ESTOPPEL,

 ATTORNMENT AND NON DISTURBANCE AGREEMENT] 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. 
  

	NOTICE:	THIS SUBORDINATION AGREEMENT CONTAINS A PROVISION WHICH ALLOWS THE PERSON OBLIGATED ON YOUR REAL PROPERTY SECURITY TO OBTAIN A LOAN A PORTION OF WHICH MAY BE
EXPENDED FOR OTHER PURPOSES THAN IMPROVEMENT OF THE LAND. 

 IT IS RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS
AGREEMENT, THE PARTIES CONSULT WITH THEIR ATTORNEYS WITH RESPECT HERETO. 
  

			
	“LESSEE”
	
	PERVASIVE SOFTWARE INC., a Delaware corporation
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

 

									
	THE STATE OF                         
	  		  	§	  		  	
		  	§	  		  		  	
	COUNTY OF
                            	  		  		  	    §	  	

 This instrument was acknowledged before me on
                    , 201    , by
                            ,
                     of
                    , a
                                , on behalf of said
                            . 

 

			
	  

	Notary Public in and for the State of	 	  

			
	My Commission Expires:	 	  

  
 F-8

 EXHIBIT A TO SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT

 DESCRIPTION OF PROPERTY 
 Lots 4, 5, 6, 7 and 9, Amended Plat, Riata Section Two, Block B, recorded in Book 98, Page 19, of the Plat Records of Travis County, Texas. 

  
 F-9Indemnification Agreement between ANSYS, Inc. and Ajei S. Gopal

 Exhibit 10.1 
 INDEMNIFICATION AGREEMENT 
 THIS INDEMNIFICATION AGREEMENT made and entered
into this 17th day of February 2011 (“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 Ajei S. Gopal (the “Indemnitee”): 
 WHEREAS, it
is essential to the Companies that they be able to retain and attract as directors and officers the most capable persons available; 
 WHEREAS, increased corporate litigation has subjected directors and officers 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 and officers 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’ respective 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 an officer and/or 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 or officer 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, manager, member, trustee, officer, employee or agent of any other Entity at the request of any of the Companies. 

(b) “Entity” shall mean any corporation, partnership, limited liability company, joint venture, trust, foundation, association,
organization or other legal entity and any group or division of any Company or any of its subsidiaries. 

 (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 or officer 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. 

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 it has been
adjudicated finally by a court of competent jurisdiction that, in connection with the subject of the 

  
 2 

 
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. 
 (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; or 
 (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. 

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. 

  
 3 

 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. 
 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. 

  
 4 

 (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, 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. 

  
 5 

 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 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 or officer 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 

  
 6 

 
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 bylaws 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
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: 

  

					
	  
	 		  	
	  
	 		  	
	  
	 		  	
	Attention: Ajei S. Gopal	 		  	

	 	

  
 7 

	 	(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. 
 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] 

  
 8 

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

			
	ANSYS, INC.
	
	 /s/ James E. Cashman III

	Name: James E. Cashman III
	Title: President and CEO

  

	
	INDEMNITEE
	
	/s/ Ajei S. Gopal
	Ajei S. Gopal

  
 9

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