Document:

Exhibit 10.15(h)

 

EIGHTH AMENDMENT TO
NON-RECOURSE RECEIVABLES PURCHASE AGREEMENT

 

This Eighth Amendment to Non-Recourse
Receivables Purchase Agreement (this “Amendment”) is entered into as of September 15,
2006, and is effective as of September 13, 2006, by and between SILICON VALLEY BANK, a California-chartered bank, with its
principal place of business at 3003 Tasman Drive, Santa Clara, California 95054
and with a loan production office located at One Newton Executive Park, Suite 200,
2221 Washington Street, Newton, Massachusetts 02462 (“Buyer”) and ASPEN TECHNOLOGY, INC., a Delaware corporation with offices
at Ten Canal Park, Cambridge, Massachusetts 02141 (“Seller”).

 

1.                                      DESCRIPTION OF
EXISTING AGREEMENT. Reference is made to a certain Non-Recourse Receivables
Purchase Agreement by and between Buyer and Seller dated as of December 31,
2003, as amended by a certain First Amendment to Non-Recourse Receivables
Purchase Agreement dated June 30, 3004, as further amended by a certain
Second Amendment to Non-Recourse Receivables Purchase Agreement dated September 30,
2004, as further amended by a certain Third Amendment to Non-Recourse
Receivables Purchase Agreement dated December 31, 2004, as further amended
by a certain Fourth Amendment to Non-Recourse Receivables Purchase Agreement
dated March 8, 2005, as further amended by a certain Fifth Amendment to
Non-Recourse Receivables Purchase Agreement dated March 31, 2005, as
further amended by a certain Sixth Amendment to Non-Recourse Receivables
Purchase Agreement dated December 29, 2005, and as further amended by a
certain Seventh Amendment to Non-Recourse Receivables Purchase Agreement dated
as of July 17, 2006 (as further amended from time to time, the “Purchase
Agreement”).  Capitalized terms used but
not otherwise defined herein shall have the same meaning as in the Purchase
Agreement.

 

2.                                      DESCRIPTION OF
CHANGE IN TERMS.

 

Modification to Purchase
Agreement.

 

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

 

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

 

Each purchase and sale
hereunder shall be in the sole discretion of Buyer and Seller.  In any event, Buyer will not (i) purchase
any Receivables in excess of an aggregate outstanding amount exceeding
Forty-Five Million Dollars ($45,000,000.00), or (ii) purchase any
Receivables under this Agreement after January 15, 2007.  The purchase of each Purchased Receivable may
be evidenced by an assignment or bill of sale in a form acceptable to Buyer.”

 

B.                                    The Purchase
Agreement shall be amended by inserting the following text appearing at the end
of Section 3.2 thereof:

 

“Notwithstanding the foregoing, upon Buyer’s
request, Seller will notify each Account Debtor of Buyer’s purchase and will
direct each such Account Debtor to begin making all payments with respect to
such Purchased Receivables directly to Buyer, pursuant to instructions provided
to Seller by Buyer.  Seller authorizes
Buyer to endorse, in Seller’s name or otherwise, any checks and items
representing payments on any such Purchased Receivables.  Any payment that Seller receives on account
of such Purchased Receivable will be 

 

 

immediately forwarded to Buyer in the form
received, but held in trust for Buyer until such forwarding occurs.”

 

3.                                      FEES.  Seller shall pay to Buyer a modification fee
of $37,500.00, which fee shall be due on the date hereof and shall be deemed
fully earned as of the date hereof. 
Seller shall also reimburse Buyer for all legal fees and expenses
incurred in connection with this Amendment.

 

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

 

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

 

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

 

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

 

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

 

[remainder of page intentionally left blank]

 

 

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

 

	
  SELLER:

  	
  BUYER:

  
	
   

  	
   

  
	
  ASPEN
  TECHNOLOGY, INC.

  	
  SILICON
  VALLEY BANK

  
	
   

  	
   

  
	
  By:

  	
   

  	
  /s/
  Leo S. Vannoni

  	
   

  	
  By:

  	
   

  	
  /s/
  Laura M. Scott

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  	
  Leo
  Vannoni

  	
   

  	
  Name:

  	
   

  	
  Laura
  M. Scott

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
   

  	
  VP
  Treasurer

  	
   

  	
  Title:

  	
   

  	
  SVPExhibit 10.15(j)

 

TENTH AMENDMENT TO NON-RECOURSE RECEIVABLES

PURCHASE AGREEMENT

 

This Tenth Amendment to
Non-Recourse Receivables Purchase Agreement (this “Amendment”) is entered into
as of April 13, 2007, by and between SILICON VALLEY BANK,
a California-chartered bank, with its principal place of business at 3003
Tasman Drive, Santa Clara, California 95054 and with a loan production office
located at One Newton Executive Park, Suite 200, 2221 Washington Street,
Newton, Massachusetts 02452 (“Buyer”) and ASPEN TECHNOLOGY, INC.,
a Delaware corporation with offices at Ten Canal Park, Cambridge, Massachusetts
02141 (“Seller”).

 

1.                                      DESCRIPTION OF
EXISTING AGREEMENT.  Reference
is made to a certain Non-Recourse Receivables Purchase Agreement by and between
Buyer and Seller dated as of December 31, 2003, as amended by a certain
First Amendment to Non-Recourse Receivables Purchase Agreement dated June 30,
2004, as further amended by a certain Second Amendment to Non-Recourse
Receivables Purchase Agreement dated September 30, 2004, as further
amended by a certain Third Amendment to Non-Recourse Receivables Purchase
Agreement dated December 31, 2004, as further amended by a certain Fourth
Amendment to Non-Recourse Receivables Purchase Agreement dated March 8,
2005, as further amended by a certain Fifth Amendment to Non-Recourse
Receivables Purchase Agreement dated March 31, 2005, as further amended by
a certain Sixth Amendment to Non-Recourse Receivables Purchase Agreement dated December 29,
2005, as further amended by a certain Seventh Amendment to Non-Recourse
Receivables Purchase Agreement dated as of July 17, 2006, as further
amended by a certain Eighth Amendment to Non-Recourse Receivables Purchase
Agreement dated as of September 15, 2006, and as further amended by a
certain Ninth Amendment to Non-Recourse Receivables Purchase Agreement dated as
of January 12, 2007 (as further amended from time to time, the “Purchase
Agreement”) Capitalized terms used but not otherwise defined herein shall have
the same meaning as in the Purchase Agreement.

 

2.                                      DESCRIPTION OF
CHANGE IN TERMS.

 

Modification to Purchase
Agreement.

 

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

 

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

 

 

                                                            Each purchase
and sale hereunder shall be in the sole discretion of Buyer and Seller.  In any event, Buyer will not (i) purchase
any Receivables in excess of an aggregate outstanding amount exceeding
Forty-Five Million Dollars ($45,000,000.00), or (ii) purchase any
Receivables under this Agreement after July 16, 2007.  The purchase of each Purchased Receivable may
be evidenced by an assignment or bill of sale in a form acceptable to Buyer.”

 

3.                                      FEES.  Seller shall pay to Buyer a modification fee
of $27,250.00; which fee shall be due on the date hereof and shall be deemed
fully earned as of the date hereof. 
Seller shall also reimburse Buyer for all legal fees and expenses
incurred in connection with this Amendment.

 

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

 

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

 

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

 

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

 

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

 

[remainder of page is
intentionally left blank]

 

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

 

 

	
  SELLER:

  	
  BUYER:

  
	
   

  	
   

  
	
  ASPEN
  TECHNOLOGY, INC.

  	
  SILICON
  VALLEY BANK

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
   

  	
   

  
												

 

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