Document:

AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT

     This AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT ("Agreement") is
made as of the 8th day of July, 2005 between Moldflow Corporation, a Delaware
corporation (the "Company"), and Timothy Triplett ("Executive").

     WHEREAS, the Company and the Executive are party to an Executive Employment
Agreement dated as of January 23, 2004 (the "Prior Agreement"); and

     WHEREAS, it is a condition to the Company's and Executive's obligations
under the Purchase Agreement that the Company and Executive enter into this
Agreement; and

     WHEREAS, the Company desires to employ Executive and Executive desires to
be employed by the Company on the terms contained in this Amended and Restated
Executive Employment Agreement, which shall supersede all of the terms and
conditions of the Prior Agreement; provided however that the parties agree that
the terms and conditions of the Prior Agreement shall have been in effect at all
times from the date thereof until the date of this Amended and Restated
Executive Employment Agreement.

     NOW, THEREFORE, in consideration of the mutual covenants and agreements
herein contained and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties agree as follows:

     1.   Employment. The term of this Agreement shall extend from the date
hereof (the "Commencement Date") until the first anniversary of the Commencement
Date and shall automatically be extended for one additional year on each
anniversary thereafter unless, not less than 30 days prior to each such date,
either party shall have given notice that it does not wish to extend this
Agreement; provided further, that, following a Change in Control, the term of
this Agreement shall continue in effect for a period of not less than twelve
(12) months beyond the month in which the Change in Control occurred. The term
of this Agreement shall be subject to termination as provided in Paragraph 4 and
may be referred to herein as the "Period of Employment."

     2.   Position and Duties. During the Period of Employment, Executive shall
serve as the Executive Vice President, Manufacturing Solutions, and shall have
such duties as may from time to time be prescribed by the Chief Executive
Officer or the Board of Directors of the Company (the "Board"). Executive shall
devote his full working time and efforts to the business and affairs of the
Company.

     3.   Compensation and Related Matters.

          (a)  Base Salary and Incentive Compensation. Executive's annual base
     salary shall be $205,000. Executive's base salary shall be redetermined
     annually by the Chief Executive Officer, the Board or a Committee thereof.
     The annual base salary in effect at any given time is referred to herein as
     "Base Salary." The Base Salary shall be payable in a manner consistent with

                                       2

<PAGE>

     the general payroll policy of the Company. In addition to Base Salary,
     Executive shall be eligible to participate in such incentive compensation
     plans and Employee Benefit Plans as the CEO, the Board or a Committee
     thereof shall determine from time to time. As used herein, the term
     "Employee Benefit Plans" includes, without limitation, each pension and
     retirement plan; supplemental pension, retirement and deferred compensation
     plan; savings and profit-sharing plan; stock ownership plan; stock purchase
     plan; stock option plan; life insurance plan; medical insurance plan;
     disability plan; and health and accident plan or arrangement established
     and maintained by the Company.

          (b)  Vacations. Executive shall be entitled to twenty (20) paid
     vacation days in each fiscal year, which shall be accrued ratably during
     the fiscal year, and Executive shall also be entitled to all paid holidays
     given by the Company to its executives.

          (c)  Additional Benefits. The Company will reimburse the Executive for
     the cost of a supplemental policy of long-term disability insurance for the
     Executive; provided that such policy can be purchased under normal terms
     and conditions given the age of the Executive.

          (d)  Indemnification and Directors' and Officers' Insurance. During
     Executive's employment and for the period of time following termination of
     the Executive for any reason during which time Executive could be subject
     to any claim based on his position in the Company, Executive shall receive
     the maximum indemnification protection from the Company as permitted by the
     Company's by-laws and shall receive directors' and officers' insurance
     coverage equivalent to that which is provided to any other director or
     officer of the Company.

     4.   Termination. Except for termination as specified in Subparagraph 4(a),
any termination of Executive's employment by the Company or any such termination
by Executive shall be communicated by written notice of termination to the other
party hereto (a "Notice of Termination"). Executive's employment hereunder may
be terminated without any breach of this Agreement under the following
circumstances:

          (a)  Death. Executive's employment hereunder shall terminate upon his
     death.

          (b)  Disability. If, as a result of Executive's incapacity due to
     physical or mental illness, Executive shall have been absent from his
     duties hereunder on a full-time basis for one hundred eighty (180) calendar
     days in the aggregate in any twelve (12) month period, the Company may
     terminate Executive's employment hereunder.

          (c)  Termination by Company For Cause. At any time during the Period
     of Employment, the Company may terminate Executive's employment hereunder
     for Cause if such termination is approved by not less than a majority of
     the Company's Board of Directors. For purposes of this Agreement, "Cause"
     shall mean: (A) conduct by Executive constituting a material act of willful
     misconduct in connection with the performance of his duties; (B) criminal
     or civil conviction of Executive, a plea of nolo contendere by Executive or

                                       2

<PAGE>

     conduct by Executive that would reasonably be expected to result in
     material injury to the reputation of the Company if he were retained in his
     position with the Company; (C) continued, willful and deliberate
     non-performance by Executive of his duties hereunder (other than by reason
     of Executive's physical or mental illness, incapacity or disability) which
     has continued for more than thirty (30) days following written notice of
     such non-performance from the Board; or (D) a breach by Executive of any of
     the provisions contained in Paragraph 7 of this Agreement or Paragraph 5.2
     of the Purchase Agreement.

          (d)  Termination Without Cause. At any time during the Period of
     Employment, the Company may terminate Executive's employment hereunder
     without Cause if such termination is approved by a majority of the
     Company's Board of Directors. Any termination by the Company of Executive's
     employment under this Agreement which does not constitute a termination for
     Cause under Subparagraph 4(c) or result from the death or disability of the
     Executive under Subparagraphs 4(a) or (b) shall be deemed a termination
     without Cause. If the Company provides notice to Executive under Paragraph
     1 that it does not wish to extend the Period of Employment, such action
     shall be deemed a termination without Cause.

          (e)  Termination by Executive. At any time during the Period of
     Employment, Executive may terminate his employment hereunder for any
     reason.

          (f)  Date of Termination. "Date of Termination" shall mean: (A) if
     Executive's employment is terminated by his death, the date of his death;
     (B) if Executive's employment is terminated under Subparagraph 4(b) or
     under Subparagraph 4(c), the date on which Notice of Termination is given;
     (C) if Executive's employment is terminated by the Company under
     Subparagraph 4(d), thirty (30) days after the date on which a Notice of
     Termination is given; and (D) if Executive's employment is terminated by
     Executive under Subparagraph 4(e), thirty (30) days after the date on which
     a Notice of Termination is given.

     5.   Compensation Upon Termination or During Disability.

          (a)  If Executive's employment terminates by reason of his death, the
     Company shall, within ninety (90) days of the Date of Termination, pay in a
     lump sum amount to such person as Executive shall designate in a notice
     filed with the Company or, if no such person is designated, to Executive's
     estate, Executive's accrued and unpaid Base Salary and accrued vacation to
     the date of his death, plus his accrued and unpaid incentive compensation
     (including any bonus payment if any, under Subparagraph 3(a) that is earned
     with respect to any financial period but which has not yet been authorized
     for payment by the Board of Directors or any committee thereof, which shall
     be paid if and when it is so authorized by the Board of Directors). Upon
     the Date of Termination, all stock options which would otherwise vest over
     the next twelve (12) months shall immediately vest in Executive's estate or
     other legal representatives and become exercisable, and Executive's estate
     or other legal representatives shall have twelve (12) months from the Date
     of Termination or the remaining option term, if earlier, to exercise all

                                       3

<PAGE>

     such stock options granted to Executive. All other stock-based grants and
     awards held by Executive shall be canceled upon the death of Executive in
     accordance with their terms. For a period of one (1) year following the
     Date of Termination, the Company shall pay such health and dental insurance
     premiums as may be necessary to allow Executive's spouse and dependents to
     receive health and dental insurance coverage substantially similar to
     coverage they received immediately prior to the Date of Termination. In
     addition to the foregoing, any payments to which Executive's spouse,
     beneficiaries, or estate may be entitled under any Employee Benefit Plan
     shall also be paid in accordance with the terms of such plan. Such
     payments, in the aggregate, shall fully discharge the Company's obligations
     hereunder.

          (b)  During any period that Executive fails to perform his duties
     hereunder as a result of incapacity due to physical or mental illness,
     Executive shall continue to receive his Base Salary and other compensation
     and benefits provided hereunder. If Executive's employment is terminated by
     the Company pursuant to Paragraph 4(b), then the Company shall, through the
     Date of Termination, pay Executive his accrued and unpaid Base Salary plus
     accrued vacation, at the rate in effect at the time Notice of Termination
     is given, plus accrued and unpaid incentive compensation (including any
     bonus payment if any, under Subparagraph 3(a), that is earned with respect
     to any financial period but which has not yet been authorized for payment
     by the Board of Directors or any committee thereof which shall be paid if
     and when it is so authorized by the Board of Directors). Upon the Date of
     Termination, all stock options which would otherwise vest over the next
     twelve (12) months shall immediately vest and become exercisable, and
     Executive shall have twelve (12) months from the Date of Termination or the
     remaining option term, if earlier, to exercise all such stock options
     granted to Executive. All other stock-based grants and awards held by
     Executive shall vest or be canceled upon the Date of Termination in
     accordance with their terms. For a period of one (1) year following the
     Date of Termination, the Company shall pay such health and dental insurance
     premiums as may be necessary to allow Executive and Executive's spouse and
     dependents to receive health and dental insurance coverage substantially
     similar to coverage they received prior to the Date of Termination. In
     addition to the foregoing, any payments to which Executive may be entitled
     under any Employee Benefit Plan shall also be paid in accordance with the
     terms of such plan. Such payments, in the aggregate, shall fully discharge
     the Company's obligations hereunder.

          (c)  If Executive's employment is terminated by Executive as provided
     in Subparagraph 4(e) (including where Executive provides notice to the
     Company under Paragraph 1 that he does not wish to extend the Period of
     Employment), then the Company shall, through the Date of Termination, pay
     Executive his accrued and unpaid Base Salary plus accrued vacation, at the
     rate in effect at the time Notice of Termination is given. Thereafter, the
     Company shall have no further obligations to Executive except as otherwise
     expressly provided under this Agreement. In addition, all vested but
     unexercised stock options held by Executive as of the Date of Termination
     must be exercised by Executive within three (3) months following the Date
     of Termination or by the end of the option term, if earlier. All other
     stock-based grants and awards held by Executive shall vest or be canceled
     upon the Date of Termination in accordance with their terms.

                                       4

<PAGE>

     Notwithstanding the foregoing, if the Company determines that the Executive
     is in breach of any of the provisions contained in Paragraph 7 of this
     Agreement or any of the provisions contained in Section 5.2 of the Purchase
     Agreement during the three (3) month period from the Date of Termination,
     then all stock options held by the Executive shall immediately terminate
     and be of no further force and effect.

          (d)  If Executive's employment is terminated by the Company without
     Cause as provided in Subparagraph 4(d), then the Company shall, through the
     Date of Termination, pay Executive his accrued and unpaid Base Salary plus
     accrued vacation, at the rate in effect at the time Notice of Termination
     is given, and his accrued and unpaid incentive compensation (including any
     bonus payment if any, under Subparagraph 3(a), that is earned with respect
     to any financial period but which has not yet been authorized for payment
     by the Board of Directors or any committee thereof which shall be paid if
     and when it is so authorized by the Board of Directors). In addition,
     subject to signing by Executive of a general release of claims in a form
     and manner satisfactory to the Company, the Company shall provide the
     following benefits to Executive:

               (i)  The Company shall pay Executive an amount equal to one (1)
     times the sum of (A) the Executive's Base Salary in effect on the Date of
     Termination, and (B) the Executive's average annual bonus or other variable
     cash compensation (including commissions) over the five (5) fiscal years
     immediately prior to the year of termination (the "Termination Amount").
     Notwithstanding the foregoing, in the event that the Executive shall have
     been employed with the Company (not to include the Executive's previous
     employment with AMSI, prior to the date of this Agreement) for less than
     five (5) fiscal years immediately prior to the year of termination, then in
     such case the Termination Amount shall be calculated as the average annual
     bonus or other variable cash compensation (including commissions) over the
     number of full fiscal years that Executive was employed by the Company
     prior to the year of termination. The Termination Amount shall be
     calculated by the Company within ten (10) business days following the Date
     of Termination and communicated to the Executive in writing and shall then
     be paid out in a lump sum within 30 days following the Date of Termination.

               (ii) Upon the Date of Termination, all stock options which would
     otherwise vest over the next twelve (12) months shall immediately vest and
     become exercisable, and Executive shall have twelve (12) months from the
     Date of Termination or the remaining option term, if earlier, to exercise
     all such stock options granted to Executive. All other stock-based grants
     and awards held by Executive shall be canceled upon the Date of Termination
     in accordance with their terms. Notwithstanding the foregoing, if the
     Company determines that the Executive is in breach of any of the provisions
     contained in Paragraph 7 of this Agreement or any of the provisions
     contained in Section 5.2 of the Purchase Agreement during the twelve (12)
     month period from the Date of Termination, then all stock options held by
     the Executive shall immediately terminate and be of no further force and
     effect.

               (iii) The Company shall, for a period of one (1) year commencing
     on the Date of Termination, pay such health and dental insurance premiums

                                       5

<PAGE>

     as may be necessary to allow Executive and Executive's spouse and
     dependents to continue to receive health and dental insurance coverage
     substantially similar to coverage they received prior to the Date of
     Termination. In addition to the foregoing, any payments to which Executive
     may be entitled under any Employee Benefit Plan shall also be paid in
     accordance with the terms of such plan. Notwithstanding the foregoing, if
     the Company determines that the Executive is in breach of any of the
     provisions contained in Paragraph 7 of this Agreement or any of the
     provisions contained in Section 5.2 of the Purchase Agreement during the
     period over which payments are being made pursuant to this Subparagraph
     5(d)(iii), then all further payments under this Subparagraph 5(d)(iii)
     shall immediately cease.

          (e)  If Executive's employment is terminated by the Company for Cause
     as provided in Subparagraph 4(c), then the Company shall, through the Date
     of Termination, pay Executive his accrued and unpaid Base Salary, plus
     accrued vacation, at the rate in effect at the time Notice of Termination
     is given. Thereafter, the Company shall have no further obligations to
     Executive except as otherwise expressly provided under this Agreement. In
     addition, all stock options held by Executive as of the Date of Termination
     shall cease to vest as of the Date of Termination and Executive shall have
     thirty (30) days from the Date of Termination or the remaining option term,
     if earlier, to exercise all such vested stock options. All other
     stock-based grants and awards held by Executive shall be canceled upon the
     Date of Termination in accordance with their terms. Notwithstanding the
     foregoing, if the Company determines that the Executive is in breach of any
     of the provisions contained in Paragraph 7 of this Agreement or any of the
     provisions contained in Section 5.2 of the Purchase Agreement during the
     thirty (30) day period from the Date of Termination, then all stock options
     held by the Executive shall immediately terminate and be of no further
     force and effect.

          (f)  Nothing contained in the foregoing Subparagraphs 5(a) through
     5(e) shall be construed so as to affect Executive's rights or the Company's
     obligations relating to agreements or benefits that are unrelated to
     termination of employment.

     6.   Change in Control Benefit. Upon a Change in Control of the Company,
the following provisions shall apply and, in the event of the termination of
Executive's employment without Cause following such Change in Control, shall
apply in lieu of, and expressly supersede, the provisions of Subparagraph 5(d).

          (a)  Change in Control.

               (i)  In the event that within twelve (12) months following a
     Change in Control, the Executive terminates his employment for Good Reason
     (as defined below) or if the Executive's employment is terminated by the
     Company without Cause, the Company shall pay Executive an amount equal to
     1.5 times the sum of (A) the Executive's Base Salary in effect on the Date
     of Termination, and (B) the Executive's cash bonus or other variable cash
     compensation (including commissions) that would be payable to the Executive
     during the fiscal year in which the Change in Control occurred if the
     Company and the Executive had met all of the targets required for a full
     payment of such cash bonus or other variable cash compensation

                                       6

<PAGE>

     (collectively, the "Severance Amount"). The Severance Amount shall be
     calculated by the Company within ten (10) business days following the Date
     of Termination and communicated to the Executive in writing and shall then
     be paid out in a lump sum within 30 days of the Date of Termination. In the
     event Executive terminates his employment for Good Reason, he shall be
     entitled to the Severance Amount only if he provides the Notice of
     Termination within sixty (60) days after the occurrence of the event or
     events which constitute such Good Reason.

               (ii) Notwithstanding anything to the contrary in any applicable
     option agreement or stock-based award agreement, upon a Change in Control,
     all stock options and other stock-based awards granted to Executive by the
     Company shall immediately accelerate and become exercisable or
     non-forfeitable as of the effective date of such Change in Control.
     Executive shall also be entitled to any other rights and benefits with
     respect to stock-related awards, to the extent and upon the terms provided
     in the employee stock option or incentive plan or any agreement or other
     instrument attendant thereto pursuant to which such options or awards were
     granted. Notwithstanding the foregoing, if the Company determines that the
     Executive is in breach of any of the provisions contained in Paragraph 7 of
     this Agreement or any of the provisions contained in Section 5.2 of the
     Purchase Agreement, then all stock options held by the Executive shall
     immediately terminate and be of no further force and effect.

               (iii) The Company shall, for a period of one (1) year commencing
     on the Date of Termination, pay such health and dental insurance premiums
     as may be necessary to allow Executive and Executive's spouse and
     dependents to continue to receive health and dental insurance coverage
     substantially similar to the coverage they received prior to the Date of
     Termination. Notwithstanding the foregoing, if the Company determines that
     the Executive is in breach of any of the provisions contained in Paragraph
     7 of this Agreement or any of the provisions contained in Section 5.2 of
     the Purchase Agreement during the period over which payments are being made
     pursuant to this Subparagraph 6(a)(iii), then all further payments under
     this Subparagraph 6(a)(iii) shall immediately cease.

          (b)  Definitions. For purposes of this Paragraph 6, the following
     terms shall have the following meanings:

      "Change in Control" shall mean any of the following:

               (a)  any "person," as such term is used in Sections 13(d) and
               14(d) of the Securities Exchange Act of 1934, as amended (the
               "Act") (other than the Company, any of its subsidiaries, or any
               trustee, fiduciary or other person or entity holding securities
               under any Employee Benefit Plan or trust of the Company or any of
               its subsidiaries), together with all "affiliates" and
               "associates" (as such terms are defined in Rule 12b-2 under the
               Act) of such person, shall become the "beneficial owner" (as such
               term is defined in Rule 13d-3 under the Act), directly or

                                       7

<PAGE>

               indirectly, of securities of the Company representing forty
               percent (40%) or more of either (A) the combined voting power of
               the Company's then outstanding securities having the right to
               vote in an election of the Company's Board of Directors ("Voting
               Securities"), or (B) the then outstanding shares of the Company's
               common stock, par value $0.01 per share ("Common Stock") (other
               than as a result of an acquisition of securities directly from
               the Company); or

               (b)  persons who, as of the Commencement Date, constitute the
               Company's Board of Directors (the "Incumbent Directors") cease
               for any reason, including, without limitation, as a result of a
               tender offer, proxy contest, merger or similar transaction, to
               constitute at least a majority of the Board of Directors,
               provided that any person becoming a director of the Company
               subsequent to the Commencement Date shall be considered an
               Incumbent Director if such person's election was approved by, or
               such person was nominated for election by, a vote of at least a
               majority of the Incumbent Directors; but provided further, that
               any such person whose initial assumption of office is in
               connection with an actual or threatened election contest relating
               to the election of members of the Board of Directors or other
               actual or threatened solicitation of proxies or consents by or on
               behalf of a person other than the Board of Directors, including
               by reason of agreement intended to avoid or settle any such
               actual or threatened contest or solicitation, shall not be
               considered an Incumbent Director; or

               (c)  the stockholders of the Company shall approve (A) any
               consolidation or merger of the Company where the stockholders of
               the Company, immediately prior to the consolidation or merger,
               would not, immediately after the consolidation or merger,
               beneficially own (as such term is defined in Rule 13d-3 under the
               Act), directly or indirectly, shares representing in the
               aggregate more than fifty percent (50%) of the voting shares of
               the company issuing cash or securities in the consolidation or
               merger (or of its ultimate parent corporation, if any), (B) any
               sale, lease, exchange or other transfer (in one transaction or a
               series of transactions contemplated or arranged by any party as a
               single plan) of all or substantially all of the assets of the
               Company, or (C) any plan or proposal for the liquidation or
               dissolution of the Company.

     Notwithstanding the foregoing, a "Change in Control" shall not be deemed to
have occurred for purposes of the foregoing clause (a) solely as the result of
an acquisition of securities by the Company which, by reducing the number of
shares of Common Stock or other Voting Securities outstanding, increases the
proportionate number of shares beneficially owned by any person to forty percent
(40%) or more of either (A) the combined voting power of all of the then
outstanding Voting Securities or (B) the outstanding shares of Common Stock;
provided, however, that if any person referred to in this sentence shall
thereafter become the beneficial owner of any additional shares of Voting
Securities or Common Stock (other than pursuant to a stock split, stock

                                       8

<PAGE>

dividend, or similar transaction or as a result of an acquisition of securities
directly from the Company) and immediately thereafter beneficially owns forty
percent (40%) or more of either (A) the combined voting power of all of the then
outstanding Voting Securities or (B) the outstanding shares of Common Stock,
then a "Change in Control" shall be deemed to have occurred for purposes of the
foregoing clause (a).

          "Good Reason" shall mean any of the following:

               (a)  a substantial diminution or other substantive adverse
               change, not consented to by Executive, in the nature or scope of
               Executive's responsibilities, authorities, powers, functions or
               duties;

               (b)  any removal, during the Period of Employment, from Executive
               of his title as set forth in Paragraph 2 of this Agreement;

               (c)  an involuntary reduction in Executive's Base Salary except
               for across-the-board reductions similarly affecting all or
               substantially all management employees;

               (d)  a breach by the Company of any of its other material
               obligations under this Agreement and the failure of the Company
               to cure such breach within thirty (30) days after written notice
               thereof by Executive;

               (e)  the involuntary relocation of the Company's offices at which
               Executive is principally employed or the involuntary relocation
               of the offices of Executive's primary workgroup to a location
               more than thirty (30) miles from such offices, or the requirement
               by the Company that Executive be based anywhere other than the
               Company's offices at such location on an extended basis, except
               for required travel on the Company's business to an extent
               substantially consistent with Executive's business travel
               obligations; or

               (f)  the failure of the Company to obtain the agreement from any
               successor to the Company to assume and agree to perform this
               Agreement as required by Paragraph 9.

     7.   Confidentiality, Assignment of Inventions, etc.

          (a)  Executive acknowledges that, in order for him to perform his
     duties properly, the Company will from time to time entrust Executive with
     certain trade secrets and confidential information in relation to the
     Company and the Company's activities (the "Confidential Information"). Such
     Confidential Information may be in tangible or intangible form. The
     Confidential Information includes, but is not limited to, source code;
     object code; operational and functional features and limitations of the
     Company's software; the Company's research and development plans and
     activities; the Company's manufacturing and production plans and
     activities; the prices, terms and conditions of the Company's contracts

                                       9

<PAGE>

     with its customers; the identities, needs and requirements of the Company's
     customers; the Company's pricing policies and price lists; the Company's
     business plans and strategies; the Company's marketing plans and
     strategies; and personnel information and financial information regarding
     the Company. Executive further acknowledges that the development or
     acquisition of such Confidential Information is the result of great effort
     and expense by the Company and the Confidential Information is critical to
     the survival and success of the Company and that the unauthorized
     disclosure or use of the Confidential Information would cause the Company
     irreparable harm.

          (b)  Executive agrees that during the Period of Employment with the
     Company and thereafter, he will not disclose the Confidential Information
     or use it in any way, except on behalf of the Company, whether or not such
     Confidential Information is produced by Executive's own efforts. This
     undertaking will not apply to any Confidential Information which is (i)
     publicly known through no unauthorized act of Executive, (ii) approved by
     the Company for disclosure, or (iii) the subject matter of a lawful request
     or subpoena by and within the authority of a court or governmental agency
     or other body. Executive further agrees, upon termination of his employment
     for any reason, to deliver to Company on or prior to his last day of
     employment, all Confidential Information (in whatever form, including
     notes, drawings, files, computer records or other means, and wherever
     located, including Executive's office, home, personal computer or internet
     web site), whether or not such Confidential Information was produced by
     Executive's own efforts, and to refrain from making, retaining, destroying
     or distributing copies thereof.

          (c)  Any invention, discovery, development, improvement, procedure,
     writing, work or design (collectively referred to herein as "invention or
     discovery") that relates to any aspect of the business of the Company, or
     results from any work performed on the premises of the Company or by use of
     the facilities, equipment or services of other employees of the Company,
     whether patentable, copyrightable or not and that is made or discovered by
     Executive individually or jointly with any other person or persons during
     the Period of Employment, whether on Company business hours or not, shall
     be promptly disclosed to the Company. All such inventions and discoveries
     shall be the sole property of the Company. Any such invention or discovery
     shall be considered work made for hire. Executive hereby assigns to the
     Company all right, title and interest to any such invention or discovery.

          (d)  In the event that any such invention or discovery shall be
     determined by the Company in its sole discretion to be of a patentable
     nature or to contain material subject to copyright or trademark protection,
     Executive, whether or not then employed by the Company, will assist the
     Company or its nominee to obtain, maintain and enforce copyrights,
     trademarks or patents in the United States of America and in any and all
     countries so designated, all at the expense of the Company. Executive will
     supply evidence, give testimony, sign all papers and do all other legal and
     proper things which Executive or its nominees may deem necessary for
     obtaining, maintaining and enforcing its copyrights, trademarks and patents
     and for vesting in Executive or its nominee full title thereto. Executive
     hereby irrevocably appoints the Company to be his attorney in fact and, in

                                       10

<PAGE>

     his name and on his behalf, to execute all such instruments and take all
     other actions and generally to use his name for the purpose of giving to
     the Company the full benefit of the provisions of this Subparagraph.

          (e)  The assignment of any invention or discovery under this Paragraph
     7 shall not extend to inventions or discoveries, the assignment of which is
     prohibited by California Labor Code Paragraph 2870, which provides as
     follows:

               (i)  Any provision in an employment agreement which provides that
     an employee shall assign, or offer to assign, any of his or her rights in
     an invention to his or her employer shall not apply to an invention that
     the employee developed entirely on his or her own time without using the
     employer's equipment, supplies, facilities, or trade secret information
     except for those inventions that either:

                    (A)  Relate at the time of conception or reduction to
     practice of the invention to the employer's business, or actual or
     demonstrably anticipated research or development of the employer; or

                    (B)  Result from any work performed by the employee for his
     employer.

               (ii) To the extent a provision in an employment agreement
     purports to require an employee to assign an invention otherwise excluded
     from being required to be assigned under subdivision (i), the provision is
     against the public policy of this state and is unenforceable.

          (f)  Executive agrees, upon request by the Company, or termination of
     his employment for any reason, promptly to deliver to the Company all
     files, computer files or databases, books, documents, computer disks or
     tapes, and other property prepared by or on behalf of the Company or
     purchased with Company funds, and to refrain from making, retaining,
     destroying or distributing copies thereof.

          (g)  Executive represents and warrants to the Company that the
     execution of this Agreement by him, his performance of his obligations
     hereunder and his employment by the Company will not, with or without the
     giving of notice or the passage of time, conflict with, result in the
     breach or termination of, or constitute default under, any agreement to
     which Executive is party or by which he is or may be bound.

          (h)  The provisions of this Paragraph 7 shall survive the termination
     of the Executive's employment with the Company regardless of the manner of
     such termination, and shall be binding on Executive and his heirs,
     executors and administrators.

          (i)  Anything herein to the contrary notwithstanding, any
     confidential/proprietary/trade secrets information and inventions
     agreement(s) between Executive AMSI, or any predecessor thereto, will
     remain in effect as it pertains to subject matters existing prior to the
     date of Purchase Agreement. Further, nothing in this Agreement shall

                                       11

<PAGE>

     diminish or modify any obligations Executive owes to the Company as set
     forth in Section 5.2 of the Purchase Agreement.

          (j)  References in this Paragraph 7 to the "Company" shall refer to
     Moldflow Corporation, a Delaware corporation, and all current and future
     United States and foreign subsidiaries, divisions and affiliates

     8.   Notice. For purposes of this Agreement, notices and all other
communications provided for in the Agreement shall be in writing and shall be
deemed to have been duly given when delivered or mailed by United States
certified mail, return receipt requested, postage prepaid, addressed as follows:

          if to the Executive:
          At his home address as shown
          in the Company's personnel records;

          if to the Company:

          Moldflow Corporation
          492 Old Connecticut Path
          Framingham, MA 01701
          Attention:   Chief Executive Officer
          Copy to:  General Counsel

or to such other address as either party may have furnished to the other in
writing in accordance herewith, except that notices of change of address shall
be effective only upon receipt.

     9.   Successor to Company. The Company shall require any successor (whether
direct or indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business or assets of the Company in a transaction
constituting a Change in Control to expressly to assume and agree to perform
this Agreement to the same extent that the Company would be required to perform
it if no succession had taken place. Failure of the Company to obtain an
assumption of this Agreement at or prior to the effectiveness of any succession
shall be a breach of this Agreement and shall constitute Good Reason if the
Executive elects to terminate employment following such Change in Control.

     10.  Miscellaneous. No provisions of this Agreement may be modified,
waived, or discharged unless such waiver, modification, or discharge is agreed
to in writing and signed by Executive and such officer of the Company as may be
specifically designated by the Board of Directors. No agreements or
representations, oral or otherwise, express or implied, unless specifically
referred to herein, with respect to the subject matter hereof have been made by
either party which are not set forth expressly in this Agreement. The validity,
interpretation, construction, and performance of this Agreement shall be
governed and construed by and in accordance with the substantive law of
California, excluding, however such laws pertaining to conflict of laws.

                                       12

<PAGE>

     11.  Validity. The invalidity or unenforceability of any provision or
provisions of this Agreement shall not affect the validity or enforceability of
any other provision of this Agreement, which shall remain in full force and
effect.

     12.  Counterparts. This Agreement may be executed in several counterparts,
each of which shall be deemed to be an original but all of which together will
constitute one and the same instrument.

     13.  Arbitration; Other Disputes. In the event of any dispute or
controversy arising under or in connection with this Agreement, the parties
shall first try in good faith for a period of 30 days to settle such dispute or
controversy by mediation under the applicable rules of the American Arbitration
Association before resorting to arbitration. Following such time period, the
parties will settle any remaining dispute or controversy exclusively by
arbitration in Boston, Massachusetts in accordance with the rules of the
American Arbitration Association then in effect. Judgment may be entered on the
arbitrator's award in any court having jurisdiction. Notwithstanding the above,
the Company shall be entitled to seek a restraining order or injunction in any
court of competent jurisdiction to prevent any continuation of any violation of
Paragraph 7 of this Agreement.

     14.  Litigation and Regulatory Cooperation. During and after Executive's
employment, Executive shall reasonably cooperate with the Company in the defense
or prosecution of any claims or actions now in existence or which may be brought
in the future against or on behalf of the Company which relate to events or
occurrences that transpired while Executive was employed by the Company;
provided, however, that such cooperation shall not materially and adversely
affect Executive or expose Executive to an increased probability of civil or
criminal litigation. The Company shall also provide Executive with compensation
on an hourly basis (to be derived from his Base Salary) for requested litigation
and regulatory cooperation that occurs after his termination of employment, and
reimburse Executive for all costs and expenses incurred in connection with his
performance under this Paragraph 14, including, but not limited to, reasonable
attorneys' fees and costs.

                         (Signatures on following page)

                                       13

<PAGE>

     IN WITNESS WHEREOF, the parties have executed this Agreement effective on
the date and year first above written.

                                         MOLDFLOW CORPORATION

                                         By: /s/ A. Roland Thomas
                                             -----------------------------------
                                         Its: President, CEO and Chairman of the
                                              Board

                                         EXECUTIVE

                                         /s/ Timothy Triplett
                                         ---------------------------------------
                                          Timothy Triplett

                                       14AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT

     This AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT ("Agreement") is
made as of the 8th day of July 2005 between Moldflow Corporation, a Delaware
corporation (referred to herein as including all of its subsidiaries, including
MPL, the "Company"), and A. Roland Thomas ("Executive").

     WHEREAS, the Company and the Executive are party to an Executive Employment
Agreement dated as of August 16, 2002 (the "Prior Agreement"); and

     WHEREAS, the Company desires to continue to employ Executive and Executive
desires to continue to be employed by the Company on the terms contained in this
Amended and Restated Executive Employment Agreement, which shall supercede all
of the terms and conditions of the Prior Agreement; provided, however that the
parties agree that the terms and conditions of the Prior Agreement shall have
been in effect at all times from the date thereof until the date of this Amended
and Restated Executive Employment Agreement.

     NOW, THEREFORE, in consideration of the mutual covenants and agreements
herein contained and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties agree as follows:

1.   Employment. The term of this Agreement shall extend from the date hereof
(the "Commencement Date") until the first anniversary of the Commencement Date
and shall automatically be extended for one additional year on each anniversary
thereafter unless, not less than 30 days prior to each such date, either party
shall have given notice that it does not wish to extend this Agreement;
provided, further, that following a Change in Control the term of this Agreement
shall continue in effect for a period of not less than twelve (12) months beyond
the month in which the Change in Control occurred. The term of this Agreement
shall be subject to termination as provided in Paragraph 6 and may be referred
to herein as the "Period of Employment."

2.   Position and Duties. During the Period of Employment, Executive shall serve
as the President and Chief Executive Officer and shall have such duties as may
from time to time be prescribed by the Board of Directors of the Company (the
"Board"). Executive shall devote his full working time and efforts to the
business and affairs of the Company.

3.   Compensation and Related Matters.

     (a)  Base Salary and Incentive Compensation. Executive's annual base salary
shall be $249,600. Executive's base salary shall be redetermined annually by the
Board or a Committee thereof. The annual base salary in effect at any given time
is referred to herein as "Base Salary." The Base Salary shall be payable in a
manner consistent with the general payroll policy of the Company. In addition to
Base Salary, Executive shall be eligible to participate in such incentive
compensation plans and Employee Benefit Plans as the Board or a Committee
thereof shall determine from time to time for senior executives of the Company.
As used herein, the term "Employee Benefit Plans" includes, without limitation,
each pension and retirement plan; supplemental pension, retirement and deferred
compensation plan; savings and profit-sharing plan; stock ownership plan; stock
purchase plan; stock option plan; life insurance plan; medical insurance plan;
disability plan; and health and accident plan or arrangement established and
maintained by the Company.

     (b)  Vacations. Executive shall be entitled to twenty (20) paid vacation
days in each fiscal year, which shall be accrued on a pro rata basis during the
fiscal year, and Executive shall also be entitled to all paid holidays given by
the Company to its executives. Executive shall be entitled to additional
vacation based on any policy of the Company that provides for additional
vacation based on years of service or other criteria.

     (c)  Additional Benefits. During the Period of Employment the Company will
reimburse the Executive for the cost of a supplemental policy of long-term
disability insurance for the Executive.

                                       1

<PAGE>

     (d)  Indemnification and Directors' and Officers' Insurance. During
Executive's employment and for the period of time following termination of the
Executive for any reason during which time Executive could be subject to any
claim based on his position in the Company, Executive shall receive the maximum
indemnification protection from the Company as permitted by the Company's
by-laws and shall receive directors' and officers' insurance coverage equivalent
to that which is provided to any other director or officer of the Company.

     (e)  Status of Australian Benefits and Accrued Entitlements. Pursuant to
the terms of the Prior Agreement, Executive was relocated by the Company from
employment with the Company's subsidiary, Moldflow Pty. Ltd. (MPL"), an
Australian company, to the Company's headquarters in the United States. As part
of such relocation, Executive became an employee of the Company on September 22,
2000 and ceased to be an employee of MPL on such date. In order to finalize
Executive's relationship with MPL, the parties agree as follows:

          (i)  Within thirty (30) days of the date of this Agreement, MPL will
               pay to Executive a lump sum of A$63,339, less any tax payable, in
               full and final settlement of Executive's accrued annual leave
               while an employee at MPL. Executive and the Company agree that
               Executive shall have no further rights to accrue annual leave at
               MPL.

          (ii) Within thirty (30) days of the date of this Agreement, MPL will
               pay to Executive a lump sum of A$77,077, less any tax payable, in
               full and final settlement of Executive's accrued long service
               leave which accrued to Executive while an employee of MPL
               pursuant to the Long Service Leave Act 1992 (Vic) (the "LSL
               Act".) Executive and the Company agree that Executive shall have
               no further rights to accrue long service leave at MPL.

          (iii) Executive and Company agree that no further superannuation
               contributions will be made for Mr. Thomas by MPL and MPL's legal
               requirement to make superannuation contributions on behalf of Mr.
               Thomas ceased on September 22, 2000 when he became an employee of
               the Company.

          (iv) The Company will reimburse Executive for Australian personal
               income taxes that Executive may be required to pay in connection
               with the disposition of the shares of Moldflow stock held by
               Thomas Investments, provided that such reimbursement shall not
               exceed 25% of the difference between the cost basis of the shares
               and $4.50 per share.

                                       2

<PAGE>

4.   Unauthorized Disclosure.

     Executive acknowledges that in the course of his employment with the
Company (and, if applicable, its predecessors), he has and will become
acquainted with the Company's business affairs, information, trade secrets, and
other matters which are of a proprietary or confidential nature, including but
not limited to the Company's and its affiliates' and predecessors' operations,
business opportunities, price and cost information, finance, customer
information, product development information, business plans, various sales
techniques, manuals, letters, notebooks, procedures, reports, products,
processes, services, and other confidential information and knowledge
(collectively the "Confidential Information") concerning the Company's and its
affiliates' and predecessors' business. Executive understands and acknowledges
that such Confidential Information is confidential, and he agrees not to
disclose such Confidential Information to anyone outside the Company except to
the extent that (i) Executive deems such disclosure or use reasonably necessary
or appropriate in connection with performing his duties on behalf of the
Company; (ii) Executive is required by order of a court of competent
jurisdiction (by subpoena or similar process) to disclose or discuss any
Confidential Information, provided that in such case, Executive shall promptly
inform the Company of such event, shall cooperate with the Company in attempting
to obtain a protective order or to otherwise restrict such disclosure, and shall
only disclose Confidential Information to the minimum extent necessary to comply
with any such court order; or (iii) such Confidential Information becomes
generally known to and available for use in the Company's industry, other than
as a result of any action or inaction by Executive. Executive further agrees
that he will not during employment and/or at any time thereafter use such
Confidential Information in competing, directly or indirectly, with the Company.
At such time as Executive shall cease to be employed by the Company, he will
immediately turn over to the Company all Confidential Information, including
papers, documents, writings, electronically stored information, other property,
and all copies of them provided to or created by him during the course of his
employment with the Company. The foregoing provisions shall be binding upon
Executive's heirs, successors, and legal representatives and shall survive the
termination of this Agreement for any reason.

5.   Covenant Not to Compete.

     In consideration for Executive's employment by the Company under the terms
provided in this Agreement and as a means to aid in the performance and
enforcement of the terms of the provisions of Paragraph 4, Executive agrees
that:

     (a)  during the Period of Employment and for a period of twelve (12) months
thereafter, regardless of the reason for termination of employment, Executive
will not, directly or indirectly, as an owner, director, principal, agent,
officer, employee, partner, consultant, servant, or otherwise, carry on,
operate, manage, control, or become involved in any manner with any business,
operation, corporation, partnership, association, agency, or other person or
entity which is engaged in a business that is directly competitive with any of
the Company's products which are produced or in development by the Company as of
the date of Executive's termination of employment, anywhere in the world;
provided, however, that the foregoing shall not prohibit Executive from owning
up to one percent (1%) of the outstanding stock of a publicly held company
engaged in activities competitive with that of the Company; and

     (b)  during the term of Executive's employment with the Company and for a
period of twelve (12) months thereafter, regardless of the reason for
termination of employment, Executive will not directly or indirectly solicit or
induce any present or future employee of the Company or any affiliate of the
Company to accept employment with Executive or with any business, operation,
corporation, partnership, association, agency, or other person or entity with
which Executive may be associated, and Executive will not knowingly employ or
cause any business, operation, corporation, partnership, association, agency, or
other person or entity with which Executive may be associated to employ any
present or future employee of the Company without providing the Company with ten
(10) days' prior written notice of such proposed employment.

     Should Executive violate any of the provisions of this Paragraph, then in
addition to all other rights and remedies available to the Company at law or in
equity, the duration of this covenant shall automatically be extended for the
period of time from which Executive began such violation until he permanently
ceases such violation.

                                       3

<PAGE>

6.   Termination. Except for termination as specified in Subparagraph 6(a), any
termination of Executive's employment by the Company or any such termination by
Executive shall be communicated by written notice of termination to the other
party hereto. Upon termination from the Company for any reason, and if so
requested, Executive agrees to deliver his resignation as a director of the
Company or any of its subsidiaries or affiliates upon the request of the
Chairman of the Board of Directors. Executive's employment hereunder may be
terminated without any breach of this Agreement under the following
circumstances:

     (a)  Death. Executive's employment hereunder shall terminate upon his
death.

     (b)  Disability. If, as a result of Executive's incapacity due to physical
or mental illness, Executive shall have been absent from his duties hereunder on
a full-time basis for one hundred eighty (180) calendar days in the aggregate in
any twelve (12) month period, the Company may terminate Executive's employment
hereunder.

     (c)  Termination by Company For Cause. At any time during the Period of
Employment, the Company may terminate Executive's employment hereunder for Cause
if such termination is approved by not less than a majority of the Board. For
purposes of this Agreement, "Cause" shall mean: (A) conduct by Executive
constituting a material act of willful misconduct in connection with the
performance of his duties; (B) criminal or civil conviction of Executive,
conduct by Executive that would reasonably be expected to result in material
injury to the reputation of the Company if he were retained in his position with
the Company; (C) continued, non-performance by Executive of his duties hereunder
(other than by reason of Executive's physical or mental illness, incapacity or
disability) which has continued for more than thirty (30) days following written
notice of such non-performance and the reasons for the dissatisfaction from the
Board; or (D) a breach by Executive of any of the provisions contained in
Paragraphs 4 and 5 of this Agreement.

     (d)  Termination Without Cause. At any time during the Period of
Employment, the Company may terminate Executive's employment hereunder without
Cause if such termination is approved by a majority of the Company's Board of
Directors. Any termination by the Company of Executive's employment under this
Agreement which does not constitute a termination for Cause under Subparagraph
6(c) or result from the death or disability of the Executive under Subparagraph
6(a) or (b) shall be deemed a termination without Cause. If the Company provides
notice to Executive under Paragraph 1 that it does not wish to extend the Period
of Employment, such action shall be deemed a termination without Cause.

     (e)  Termination by Executive. At any time during the Period of Employment,
Executive may terminate his employment hereunder for any reason, including but
not limited to Good Reason. If Executive provides notice to the Company under
Paragraph 1 that he does not wish to extend the Period of Employment, such
action shall be deemed a voluntary termination by Executive and one without Good
Reason. For purposes of this Agreement, "Good Reason" shall mean: (A) a
substantial diminution or other substantive adverse change, not consented to by
Executive, in the nature or scope of Executive's responsibilities, authorities,
powers, functions or duties; (B) any removal, during the Period of Employment,
from Executive of his title as set forth in paragraph 2 of this Agreement; (C)
an involuntary reduction in Executive's Base Salary except for across-the-board
reductions similarly affecting all or substantially all management employees;
(D) a breach by the Company of any of its other material obligations under this
Agreement and the failure of the Company to cure such breach within thirty (30)
days after written notice thereof by Executive; (E) the involuntary relocation
of the Company's offices at which Executive is principally employed or the
involuntary relocation of the offices of Executive's primary workgroup to a
location more than thirty (30) miles from such offices, or the requirement by
the Company that Executive be based anywhere other than the Company's offices at
such location on an extended basis, except for required travel on the Company's
business to an extent substantially consistent with Executive's business travel
obligations and except for any expatriate assignments proposed by the Company
and agreed to by Executive; or (F) the failure of the Company to obtain the
agreement from any successor to the Company to assume and agree to perform this
Agreement as required by Paragraph 10.

                                       4

<PAGE>

     (f)  Date of Termination. "Date of Termination" shall mean: (A) if
Executive's employment is terminated by his death, the date of his death; (B) if
Executive's employment is terminated under Subparagraph 6(b) or under
Subparagraph 6(c), the date on which Notice of Termination is given; (C) if
Executive's employment is terminated by the Company under Subparagraph 6(d),
thirty (30) days after the date on which a Notice of Termination is given; and
(D) if Executive's employment is terminated by Executive under Subparagraph
6(e), thirty (30) days after the date on which a Notice of Termination is given,
unless the Company cures the Good Reason event prompting the Executive to issue
a Notice of Termination.

7.   Compensation Upon Termination or During Disability.

     (a)  If Executive's employment terminates by reason of his death, the
Company shall, within ninety (90) days of death, pay in a lump sum amount to
such person as Executive shall designate in a notice filed with the Company or,
if no such person is designated, to Executive's estate, Executive's accrued and
unpaid Base Salary to the date of his death, plus his accrued and unpaid
incentive compensation (including any bonus payment if any, under Subparagraph
3(a) that is earned with respect to any financial period but which has not yet
been authorized for payment by the Board of Directors or any committee thereof
which shall be paid if and when it is so authorized by the Board of Directors).
Upon the death of Executive all stock options which would otherwise vest over
the next twelve (12) months shall immediately vest in Executive's estate or
other legal representatives and become exercisable, and Executive's estate or
other legal representatives shall have twelve (12) months from the Date of
Termination or the remaining option term, if earlier, to exercise all such stock
options granted to Executive. All other stock-based grants and awards held by
Executive shall be canceled upon the death of Executive in accordance with their
terms. For a period of one (1) year following the Date of Termination, the
Company shall pay such health and dental insurance premiums as may be necessary
to allow Executive's spouse and dependents to receive health and dental
insurance coverage, if any, substantially similar to coverage they received from
the Company or MPL immediately prior to the Date of Termination. In addition to
the foregoing, any payments to which Executive's spouse, beneficiaries, or
estate may be entitled under any employee benefit plan shall also be paid in
accordance with the terms of such plan or arrangement. Such payments, in the
aggregate, shall fully discharge the Company's obligations hereunder.

     (b)  During any period that Executive fails to perform his duties hereunder
as a result of incapacity due to physical or mental illness, Executive shall
continue to receive his accrued and unpaid Base Salary and accrued and unpaid
incentive compensation,(including any bonus payment if any, under Subparagraph
3(a) that is earned with respect to any financial period but which has not yet
been authorized for payment by the Board of Directors or any committee thereof
which shall be paid if and when it is so authorized by the Board of Directors)
until Executive's employment is terminated due to disability in accordance with
Subparagraph 6(b) or until Executive terminates his employment in accordance
with Subparagraph 6(e), whichever first occurs. Upon the Date of Termination all
stock options which would otherwise vest over the next twelve (12) months shall
immediately vest and become exercisable, and Executive shall have twelve (12)
months from the Date of Termination or the remaining option term, if earlier, to
exercise all such stock options granted to Executive. All other stock-based
grants and awards held by Executive shall vest or be canceled upon the Date of
Termination in accordance with their terms. For a period of one (1) year
following the Date of Termination, the Company shall pay such health and dental
insurance premiums as may be necessary to allow Executive and Executive's spouse
and dependents to receive health and dental insurance coverage substantially
similar to coverage they received from the Company prior to the Date of
Termination, if any.

     (c)  If Executive's employment is terminated by Executive other than for
Good Reason as provided in Subparagraph 6(e), then the Company shall, through
the Date of Termination, pay Executive his accrued and unpaid Base Salary at the
rate in effect at the time Notice of Termination is given. Thereafter, the
Company shall have no further obligations to Executive except as otherwise
expressly provided under this Agreement. In addition, all vested but unexercised
stock options held by Executive as of the Date of Termination must be exercised
by Executive within three (3) months following the Date of Termination or by the

                                       5

<PAGE>

end of the option term, if earlier. All other stock-based grants and awards held
by Executive shall vest or be canceled upon the Date of Termination in
accordance with their terms.

     (d)  If Executive terminates his employment for Good Reason as provided in
Subparagraph 6(e) or if Executive's employment is terminated by the Company
without Cause as provided in Subparagraph 6(d), then the Company shall, through
the Date of Termination, pay Executive his accrued and unpaid Base Salary at the
rate in effect at the time Notice of Termination is given and his accrued and
unpaid incentive compensation (including any bonus payment if any, under
Subparagraph 3(a) that is earned with respect to any financial period but which
has not yet been authorized for payment by the Board of Directors or any
committee thereof which shall be paid if and when it is so authorized by the
Board of Directors). In addition, subject to signing by Executive of a general
release of claims in a form and manner satisfactory to the Company, the Company
shall provide the following benefits to Executive:

     (i)  The Company shall pay Executive an amount equal one (1) times the sum
     of (A) the Executive's Base Salary in effect on the Date of Termination and
     (B) the Executive's average annual bonus or other variable cash
     compensation (including commissions) over the five (5) fiscal years
     immediately prior to the year of termination (the "Termination Amount").
     The Termination Amount shall be calculated by the Company within ten (10)
     business days following the Date of Termination and communicated to the
     Executive in writing and shall then be paid out in a lump sum within 30
     days following the Date of Termination.

          (ii) Upon the Date of Termination all stock options which would
     otherwise vest over the next twelve (12) months shall immediately vest and
     become exercisable, and Executive shall have twelve (12) months from the
     Date of Termination or the remaining option term, if earlier, to exercise
     all such stock options granted to Executive. All other stock-based grants
     and awards held by Executive shall be canceled upon the Termination Date in
     accordance with their terms.

          (iii) In addition to any other benefits to which Executive may be
     entitled in accordance with the Company's then existing severance policies,
     the Company shall, for a period of one (1) year commencing on the Date of
     Termination, pay such health and dental insurance premiums as may be
     necessary to allow Executive and Executive's spouse and dependents to
     continue to receive health and dental insurance coverage substantially
     similar to coverage they received from the Company prior to the Date of
     Termination.

          (iv) In addition to any other benefits to which Executive may be
     entitled, at any time within 12 months following the Date of Termination,
     the Executive may notify the Company that he desires to be relocated to
     Australia. If Executive provides such notice to the Company, then the
     Company will either directly pay or reimburse the Executive for the real
     estate commission actually paid upon the sale of his primary US residence,
     the other closing costs associated with such sale, the reasonable travel
     and moving expenses necessary to relocate the Executive, his spouse, his
     family, his household goods and one vehicle to Australia. In addition, the
     Company will reimburse the Executive for any required stamp duty payable in
     Australia with respect to such relocation. The Executive acknowledges that
     the Company, MPL and its related corporations and entities are not required
     to provide the Executive with any form of employment or engagement with MPL
     if Executive is relocated to Australia, unless the parties expressly agree
     otherwise.

     (e)  If Executive's employment is terminated by the Company for Cause as
provided in Subparagraph 6(c), then the Company shall, through the Date of
Termination, pay Executive his accrued and unpaid Base Salary at the rate in
effect at the time Notice of Termination is given. Thereafter, the Company shall
have no further obligations to Executive except as otherwise expressly provided
under this Agreement. In addition, all stock options held by Executive as of the
Date of Termination shall cease to vest as of the Date of Termination and
Executive shall have 30 days from the Date of Termination or the remaining
option term, if earlier, to exercise all such vested stock options. All other

                                       6

<PAGE>

stock-based grants and awards held by Executive shall be canceled upon the
Termination Date in accordance with their terms.

     (f)  Nothing contained in the foregoing Subparagraphs 7(a) through 7(e)
shall be construed so as to affect Executive's rights or the Company's
obligations relating to agreements or benefits that are unrelated to termination
of employment.

8.   Change in Control Benefit. Upon a Change of Control of the Company the
following provisions shall apply in lieu of, and expressly supersede, the
provisions of Subparagraph 7(d).

     (a)  Change in Control.

          (i)  In the event that within 12 months following a Change of Control
     the Executive terminates his employment for Good Reason or if the
     Executive's employment is terminated by the Company without Cause, the
     Company shall pay Executive an amount equal to 1.5 times the sum of (A) the
     Executive's Base Salary and (B) the Executive's cash bonus or other
     variable cash compensation (including commissions) that would be payable to
     the Executive during the fiscal year in which the Change of Control
     occurred if the Company and the Executive had met all of the targets
     required for a full payment of such cash bonus or other variable cash
     compensation (collectively, the "Severance Amount"). The Severance Amount
     shall be calculated by the Company within ten (10) business days following
     the Date of Termination and communicated to the Executive in writing and
     shall then be paid out in a lump sum within 30 days of the Date of
     Termination. For purposes of this Agreement, "Base Salary" shall mean the
     annual Base Salary in effect on the Date of Termination. In the event
     Executive terminates his employment for Good Reason as provided in
     Subparagraph 6(e), he shall be entitled to the Severance Amount only if he
     provides the Notice of Termination provided for in Subparagraph 6(a) within
     sixty (60) days after the occurrence of the event or events which
     constitute such Good Reason as specified in Subparagraph 6(e); and

          (ii) Notwithstanding anything to the contrary in any applicable option
     agreement or stock-based award agreement, upon a Change in Control, all
     stock options and other stock-based awards granted to Executive by the
     Company shall immediately accelerate and become exercisable or
     non-forfeitable as of the effective date of such Change in Control.
     Executive shall also be entitled to any other rights and benefits with
     respect to stock-related awards, to the extent and upon the terms provided
     in the employee stock option or incentive plan or any agreement or other
     instrument attendant thereto pursuant to which such options or awards were
     granted; and

          (iii) The Company shall, for a period of one (1) year commencing on
     the Date of Termination, pay such health and dental insurance premiums as
     may be necessary to allow Executive, Executive's spouse and dependents to
     continue to receive health and dental insurance coverage substantially
     similar to the coverage they received prior to the Date of Termination.

          (iv) In addition to any other benefits to which Executive may be
     entitled, at any time within 12 months following the Date of Termination,
     the Executive may notify the Company, or its successor, that he desires to
     be relocated to Australia. If Executive provides such notice to the
     Company, then the Company will either directly pay or reimburse the
     Executive for the real estate commission actually paid upon the sale of his
     primary US residence, the other closing costs associated with such sale,
     the reasonable travel and moving expenses necessary to relocate the
     Executive, his spouse, his family, his household goods and one vehicle to
     Australia. In addition, the Company will reimburse the Executive for any
     required stamp duty payable in Australia with respect to such relocation.
     The Executive acknowledges that the Company, MPL and its related
     corporations and entities are not required to provide the Executive with
     any form of employment or engagement with MPL if the Executive is relocated
     to Australia, unless the parties expressly agree otherwise.

                                       7

<PAGE>

     (b)  Gross Up Payment.

          (i)  Anything in this Agreement to the contrary notwithstanding, in
     the event it shall be determined that any compensation, payment or
     distribution by the Company to or for the benefit of Executive, whether
     paid or payable or distributed or distributable pursuant to the terms of
     this Agreement or otherwise (the "Severance Payments"), would be subject to
     the excise tax imposed by Section 4999 of the Internal Revenue Code of
     1986, as amended (the "Code"), or any interest or penalties are incurred by
     Executive with respect to such excise tax (such excise tax, together with
     any such interest and penalties, are hereinafter collectively referred to
     as the "Excise Tax"), then Executive shall be entitled to receive an
     additional payment (a "Gross-Up Payment") such that the net amount retained
     by Executive, after deduction of any Excise Tax on the Severance Payments,
     any Federal, state, and local income tax, employment tax and Excise Tax
     upon the payment provided by this subsection, and any interest and/or
     penalties assessed with respect to such Excise Tax, shall be equal to the
     Severance Payments.

          (ii) Subject to the provisions of Subparagraph 8(b)(iii), all
     determinations required to be made under this Subparagraph 8(b)(ii),
     including whether a Gross-Up Payment is required and the amount of such
     Gross-Up Payment, shall be made by PriceWaterhouseCoopers or any other
     nationally recognized accounting firm selected by the Company (the
     "Accounting Firm"), which shall provide detailed supporting calculations
     both to the Company and Executive within fifteen (15) business days of the
     Date of Termination, if applicable, or at such earlier time as is
     reasonably requested by the Company or Executive. For purposes of
     determining the amount of the Gross-Up Payment, Executive shall be deemed
     to pay federal income taxes at the highest marginal rate of federal income
     taxation applicable to individuals for the calendar year in which the
     Gross-Up Payment is to be made, and state and local income taxes at the
     highest marginal rates of individual taxation in the state and locality of
     Executive's residence on the Date of Termination, net of the maximum
     reduction in federal income taxes which could be obtained from deduction of
     such state and local taxes. The initial Gross-Up Payment, if any, as
     determined pursuant to this Subparagraph 8(b)(ii), shall be paid to
     Executive within five (5) days of the receipt of the Accounting Firm's
     determination. If the Accounting Firm determines that no Excise Tax is
     payable by Executive, the Accounting Firm shall be required to (A) conclude
     that either (I) there has not occurred a change in the ownership or
     effective control of the Company or a change in the ownership of a
     substantial portion of the assets of the Company (as such terms are defined
     in Section 280G of the Code) or (II) no portion of the Severance Payments
     constitutes "parachute payments" (within the meaning of said Section 280G),
     in either case on the basis of "substantial authority" (within the meaning
     of Treas. Reg. Section 1.6661-3) and (B) provide an opinion to that effect
     to both the Company and the Executive, including the reasons therefor and
     an opinion that Executive has substantial authority not to report any
     Excise Tax on his federal tax return. Any determination by the Accounting
     Firm shall be binding upon the Company and Executive. As a result of the
     uncertainty in the application of Section 4999 of the Code at the time of
     the initial determination by the Accounting Firm hereunder, it is possible
     that Gross-Up Payments which will not have been made by the Company should
     have been made (an "Underpayment"). In the event that the Company exhausts
     its remedies pursuant to Subparagraph 8(b)(iii) and Executive thereafter is
     required to make a payment of any Excise Tax, the Accounting Firm shall
     determine the amount of the Underpayment that has occurred, consistent with
     the calculations required to be made hereunder, and any such Underpayment,
     and any interest and penalties imposed on the Underpayment and required to
     be paid by Executive in connection with the proceedings described in
     Subparagraph 8(b)(iii), shall be promptly paid by the Company to or for the
     benefit of Executive.

          (iii) Executive shall notify the Company in writing of any claim by
     the Internal Revenue Service that, if successful, would require the payment
     by the Company of the Gross-up Payment. Such notification shall be given as

                                       8

<PAGE>

     soon as practicable but no later than ten (10) business days after
     Executive knows of such claim and shall apprise the Company of the nature
     of such claim and the date on which such claim is requested to be paid.
     Executive shall not pay such claim prior to the expiration of the 30-day
     period following the date on which he gives such notice to the Company (or
     such shorter period ending on the date that any payment of taxes with
     respect to such claim is due). If the Company notifies Executive in writing
     prior to the expiration of such period that it desires to contest such
     claim, provided that the Company has set aside adequate reserves to cover
     the Underpayment and any interest and penalties thereon that may accrue,
     Executive shall:

               (A)  give the Company any information reasonably requested by the
          Company relating to such claim,

               (B)  take such action in connection with contesting such claim as
          the Company shall reasonably request in writing from time to time,
          including, without limitation, accepting legal representation with
          respect to such claim by an attorney selected by the Company,

               (C)  cooperate with the Company in good faith in order to
          effectively contest such claim, and

               (D)  permit the Company to participate in any proceedings
          relating to such claim; provided, however, that the Company shall bear
          and pay directly all costs and expenses (including additional interest
          and penalties) incurred in connection with such contest and shall
          indemnify and hold Executive harmless, on an after-tax basis, for any
          Excise Tax or income tax, including interest and penalties with
          respect thereto, imposed as a result of such representation and
          payment of costs and expenses. Without limitation on the foregoing
          provisions of this Subparagraph 8(b)(iii), the Company shall control
          all proceedings taken in connection with such contest and, at its sole
          option, may pursue or forego any and all administrative appeals,
          proceedings, hearings and conferences with the taxing authority in
          respect of such claim and may, at its sole option, either direct
          Executive to pay the tax claimed and sue for a refund or contest the
          claim in any permissible manner, and Executive agrees to prosecute
          such contest to a determination before any administrative tribunal, in
          a court of initial jurisdiction and in one or more appellate courts,
          as the Company shall determine; provided, however, that if the Company
          directs Executive to pay such claim and sue for a refund, the Company
          shall advance the amount of such payment to Executive on an
          interest-free basis and shall indemnify and hold Executive harmless,
          on an after-tax basis, from any Excise Tax or income tax, including
          interest or penalties with respect thereto, imposed with respect to
          such advance or with respect to any imputed income with respect to
          such advance; and further provided that any extension of the statute
          of limitations relating to payment of taxes for the taxable year of
          Executive with respect to which such contested amount is claimed to be
          due is limited solely to such contested amount. Furthermore, the
          Company's control of the contest shall be limited to issues with
          respect to which a Gross-Up Payment would be payable hereunder and
          Executive shall be entitled to settle or contest, as the case may be,
          any other issues raised by the Internal Revenue Service or any other
          taxing authority.

          (iv) If, after the receipt by Executive of an amount advanced by the
     Company pursuant to Subparagraph 8(b)(iii), Executive becomes entitled to
     receive any refund with respect to such claim, Executive shall (subject to
     the Company's complying with the requirements of Subparagraph 8(b)(iii))
     promptly pay to the Company the amount of such refund (together with any
     interest paid or credited thereon after taxes applicable thereto). If,
     after the receipt by Executive of an amount advanced by the Company
     pursuant to Subparagraph 8(b)(iii), a determination is made that Executive
     shall not be entitled to any refund with respect to such claim and the
     Company does not notify Executive in writing of its intent to contest such

                                       9

<PAGE>

     denial of refund prior to the expiration of 30 days after such
     determination, then such advance shall be forgiven and shall not be
     required to be repaid and the amount of such advance shall offset, to the
     extent thereof, the amount of Gross-Up Payment required to be paid.

     (c)  Definitions. For purposes of this Paragraph 8, the following terms
shall have the following meanings:

     "Change in Control" shall mean any of the following:

          (a)  any "person," as such term is used in Sections 13(d) and 14(d) of
     the Securities Exchange Act of 1934, as amended (the "Act") (other than the
     Company, any of its subsidiaries, or any trustee, fiduciary or other person
     or entity holding securities under any employee benefit plan or trust of
     the Company or any of its subsidiaries), together with all "affiliates" and
     "associates" (as such terms are defined in Rule 12b-2 under the Act) of
     such person, shall become the "beneficial owner" (as such term is defined
     in Rule 13d-3 under the Act), directly or indirectly, of securities of the
     Company representing forty percent (40%)or more of either (A) the combined
     voting power of the Company's then outstanding securities having the right
     to vote in an election of the Company's Board ("Voting Securities") or (B)
     the then outstanding shares of Company's common stock, par value $0.01 per
     share ("Common Stock") (other than as a result of an acquisition of
     securities directly from the Company); or

          (b)  persons who, as of the Commencement Date, constitute the
     Company's Board (the "Incumbent Directors") cease for any reason,
     including, without limitation, as a result of a tender offer, proxy
     contest, merger or similar transaction, to constitute at least a majority
     of the Board, provided that any person becoming a director of the Company
     subsequent to the Commencement Date shall be considered an Incumbent
     Director if such person's election was approved by or such person was
     nominated for election by a vote of at least a majority of the Incumbent
     Directors; but provided further, that any such person whose initial
     assumption of office is in connection with an actual or threatened election
     contest relating to the election of members of the Board or other actual or
     threatened solicitation of proxies or consents by or on behalf of a person
     other than the Board, including by reason of agreement intended to avoid or
     settle any such actual or threatened contest or solicitation, shall not be
     considered an Incumbent Director; or

          (c)  the stockholders of the Company shall approve (A) any
     consolidation or merger of the Company where the stockholders of the
     Company, immediately prior to the consolidation or merger, would not,
     immediately after the consolidation or merger, beneficially own (as such
     term is defined in Rule 13d-3 under the Act), directly or indirectly,
     shares representing in the aggregate more than fifty percent (50%) of the
     voting shares of the Company issuing cash or securities in the
     consolidation or merger (or of its ultimate parent corporation, if any),
     (B) any sale, lease, exchange or other transfer (in one transaction or a
     series of transactions contemplated or arranged by any party as a single
     plan) of all or substantially all of the assets of the Company or (C) any
     plan or proposal for the liquidation or dissolution of the Company.

     Notwithstanding the foregoing, a "Change of Control" shall not be deemed to
have occurred for purposes of the foregoing clause (a) solely as the result of
an acquisition of securities by the Company which, by reducing the number of
shares of Common Stock or other Voting Securities outstanding, increases the
proportionate number of shares beneficially owned by any person to forty percent
(40%) or more of either (A) the combined voting power of all of the then
outstanding Voting Securities or (B) Common Stock; provided, however, that if
any person referred to in this sentence shall thereafter become the beneficial
owner of any additional shares of Voting Securities or Common Stock (other than
pursuant to a stock split, stock dividend, or similar transaction or as a result
of an acquisition of securities directly from the Company) and immediately
thereafter beneficially owns forty percent (40%) or more of either (A) the
combined voting power of all of the then outstanding Voting Securities or (B)

                                       10

<PAGE>

Common Stock, then a "Change of Control" shall be deemed to have occurred for
purposes of the foregoing clause (a).

9.   Notice. For purposes of this Agreement, notices and all other
communications provided for in the Agreement shall be in writing and shall be
deemed to have been duly given when delivered or sent by recognized overnight
carrier, addressed as follows:

     if to the Executive:
               At his home address as shown
               in the Company's personnel records;

     if to the Company:
               Moldflow Corporation
               492 Old Connecticut Path, Ste. 401
               Framingham, MA  01701
               Attention:    Chairman of the Board of Directors

               Copy to:  General Counsel

or to such other address as either party may have furnished to the other in
writing in accordance herewith, except that notices of change of address shall
be effective only upon receipt.

10.  Successor to Company. The Company shall require any successor (whether
direct or indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business or assets of the Company expressly to assume
and agree to perform this Agreement to the same extent that the Company would be
required to perform it if no succession had taken place. Failure of the Company
to obtain an assumption of this Agreement at or prior to the effectiveness of
any succession shall be a breach of this Agreement and shall constitute Good
Reason if the Executive elects to terminate employment.

11.  Miscellaneous. No provisions of this Agreement may be modified, waived, or
discharged unless such waiver, modification, or discharge is agreed to in
writing and signed by Executive and such officer of the Company as may be
specifically designated by the Board. No agreements or representations, oral or
otherwise, express or implied, unless specifically referred to herein, with
respect to the subject matter hereof have been made by either party which are
not set forth expressly in this Agreement. This Agreement shall expressly
supercede and replace the Prior Agreement and any other employment agreements,
arrangements and/or understandings between the Executive, the Company, MPL or
any other related corporation or entity. The validity, interpretation,
construction and performance of this Agreement shall be governed by the laws of
the Commonwealth of Massachusetts (without regard to principles of conflicts of
laws).

12.  Validity. The invalidity or unenforceability of any provision or provisions
of this Agreement shall not affect the validity or enforceability of any other
provision of this Agreement, which shall remain in full force and effect.

13.  Counterparts. This Agreement may be executed in several counterparts, each
of which shall be deemed to be an original but all of which together will
constitute one and the same instrument.

14.  Arbitration; Other Disputes. In the event of any dispute or controversy
arising under or in connection with this Agreement, the parties shall first try
in good faith for a period of 30 days to settle such dispute or controversy by
mediation under the applicable rules of the American Arbitration Association
before resorting to arbitration. Following such time period, the parties will
settle any remaining dispute or controversy exclusively by arbitration in
Boston, Massachusetts in accordance with the rules of the American Arbitration
Association then in effect. Judgment may be entered on the arbitrator's award in

                                       11

<PAGE>

any court having jurisdiction. Notwithstanding the above, the Company shall be
entitled to seek a restraining order or injunction in any court of competent
jurisdiction to prevent any continuation of any violation of Paragraph 4 or 5
hereof.

15.  Litigation and Regulatory Cooperation. During and after Executive's
employment, Executive shall reasonably cooperate with the Company in the defense
or prosecution of any claims or actions now in existence or which may be brought
in the future against or on behalf of the Company which relate to events or
occurrences that transpired while Executive was employed by the Company;
provided, however, that such cooperation shall not materially and adversely
affect Executive or expose Executive to an increased probability of civil or
criminal litigation. The Company shall also provide Executive with compensation
on an hourly basis (to be derived from his Base Salary) for requested litigation
and regulatory cooperation that occurs after his termination of employment, and
reimburse Executive for all costs and expenses incurred in connection with his
performance under this Paragraph 15, including, but not limited to, reasonable
attorneys' fees and costs.

     IN WITNESS WHEREOF, the parties have executed this Agreement effective on
the date and year first above written.

                                   MOLDFLOW CORPORATION

                                   By:   /s/ Robert Schechter
                                         --------------------

                                   Name:   Robert Schechter
                                   Title:     Chairman, Compensation Committee

                                   EXECUTIVE

                                   /s/  A. Roland Thomas
                                   ---------------------

                                   A. Roland Thomas

                                       12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}]]