Document:

Management Incentive Program

 EXHIBIT 10.3 
 RURAL/METRO CORPORATION INCENTIVE PLAN 
 PURPOSE OF PLAN 
 The Rural/Metro Corporation (the “Company” or
“Rural/Metro”) Incentive Plan (the “Plan”) is an annual cash incentive plan composed of two components: (i) the Management Incentive Program (the “MIP”) for key executive positions, and
(ii) the Management Bonus Program (the “MBP”) for key management positions, all as designated below. 
 The Plan is
designed to promote, recognize, and financially reward exceptional performance by: 
  

	 	•	 	 Rewarding superior individual performance against established performance goals, while minimizing inappropriate risk-taking; and

  

	 	•	 	 Establishing and communicating established Company metrics that reflect the expectations and goals of the Company. 

DISCRETIONARY NATURE OF PLAN 

The Plan does not establish enforceable employee rights, contractual or otherwise, and does not establish an employment relationship enforceable by the
participant. The Plan is discretionary, and its provisions are subject to change or termination by the Board of Directors of the Company (the “Board”) at any time without notice. 

The annual amounts, budgeted expectations, and personal goals require review and approval, in the case of the MIP, by the applicable Plan Administrator
(as defined below) and the Board and, in the case of the MBP, by the applicable Plan Administrator. In determining whether quantitative financial goals have been satisfied, the Board or the applicable Plan Administrator, as the case may be, may
adjust the audited results (upward or downward) for Board-approved actions during the Plan Year taken in the best long-term interest of Rural/Metro for special or unusual accounting outcomes or as otherwise deemed necessary to effectuate the intent
of the Plan or to motivate its participants. In addition, the Board or applicable Plan Administrator in its discretion may award amounts greater or lesser than amounts determined as provided herein. 

ADMINISTRATION 
 Management
Incentive Program 
 The Compensation Committee of the Board, under the leadership of its Chair, shall be responsible for the overall
administration of the MIP and shall be the “Plan Administrator” for the MIP. 
 The Plan Administrator may delegate its duties,
including, but not limited to, the duty to provide reports, make recommended design modifications, and ensure accuracy of reporting to the CEO and CFO or others, as determined in its sole discretion. The CEO, CFO, or other delegatees shall not
participate in deliberations regarding their awards. 

  
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 Any promotions into the MIP must be approved by the Plan Administrator prior to promotion, and any approved
promotions must be immediately communicated to the Compensation Committee for discretionary inclusion into the award determination, pursuant to the “Eligibility” section of the Plan. 

The Plan Administrator shall resolve any disputes concerning the Plan, including payout disputes. The Board shall make the final decision on all
recommendations of payouts made by the Plan Administrator under the MIP. 
 Management Bonus Program 

The CEO of the Company is responsible for the overall administration of the MBP and shall be the “Plan Administrator” for the MBP.

 The Plan Administrator may delegate its duties, including, but not limited to, the duty to provide reports, make recommended design
modifications, and ensure accuracy of reporting to the CFO, VP of Human Resources, Managing Director Financial Planning or others, as determined in its sole discretion. Delegatees shall not participate in deliberations regarding their awards, if
any, under the MBP. 
 Any promotions into the MBP must be approved by the CEO prior to promotion, and any approved promotions must be
immediately communicated to the CFO for discretionary inclusion into the award determination, pursuant to the “Eligibility” section of the Plan. 
 The Plan Administrator shall resolve any disputes concerning the MBP, including payout disputes. 

DURATION OF THE PLAN 
 The Plan is
measured in terms of financial and, if so designated, personal goal achievements aligned with the Company’s fiscal year (July 1 through June 30) (the “Plan Year”). The Plan renews automatically from Plan Year to Plan Year
unless otherwise determined by the Board. 
 ELIGIBILITY 
 In addition to the other terms and conditions applicable to the Plan, each participant is subject to the eligibility requirements below: 
 In General (Applicable to Both MIP and MBP) 
  

	 	•	 	 The participant must continuously function in a position listed by the Plan Administrator as eligible for participation in the Plan both during the
applicable Plan Year and through the Plan payout date. 

  

	 	•	 	 The participant must not have given notice (or have been given notice by Rural/Metro) to terminate the participant’s employment with Rural/Metro
prior to the Plan payout date. 

  

	 	•	 	 The participant must not be functioning under any corrective action plan. 

  
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	 	•	 	 Participants who are hired, transferred, or promoted into or out of an eligible position or whose employment ends due to death, disability, retirement,
or separation may, but need not be, considered for a prorated award based on the actual number of months worked in the eligible position. 

  

	 	•	 	 Participants transferring from one eligible position to another eligible position continue to be eligible for an award. 

 

	 	•	 	 The terms and conditions of the Plan are subject to individual employment agreements or severance agreements, to the extent provided therein.

 Management Incentive Program 
  

	 	•	 	 For the MIP portion of Plan, eligible positions are generally: 

 

	 	o	Chief Executive Officer (“CEO”); 

  

	 	o	Chief Operating Officer (“COO”); 

  

	 	o	Senior Vice President (“SVP”); 

  

	 	o	Certain Corporate Vice Presidents (“Corporate VP”); and 

  

	 	o	Zone Vice President (“Zone VP”). 

  

	 	•	 	 The CEO, COO, SVP and Corporate VP are sometimes referred to herein as “Corporate Executive.” 

Management Bonus Program 
  

	 	•	 	 For the MBP portion of the Plan, eligible positions are generally: 

 

	 	o	Certain Corporate VPs and SVPs; 

  

	 	o	Managing director (“Managing Director”); 

  

	 	o	Chief Financial Officer – Field Operations; and 

  

	 	o	National billing director (“NBD”). 

  

	 	•	 	 Other positions may be eligible under the MBP portion of the Plan, subject to approval prior to the beginning of the Plan Year by the applicable Plan
Administrator, including: 

  

	 	o	Director I (“Director I”);  

  

	 	o	Director II (“Director II”); 

  

	 	o	Zone Billing Director (“ZBD”) 

  

	 	o	Zone Division General Manager I (“DGM I”); 

  

	 	o	Zone Division General Manager II (“DGM II”); 

  

	 	o	Corporate/Zone Manager I, and 

  

	 	o	Corporate/Zone Manager II 

  
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 PLAN GOALS 
 Management Incentive Program 
 MIP awards are based upon two categories of goals for
the Plan Year, quantitative and personal, as follows: 
  

	 	•	 	 A “Corporate Hard Goal” (“CHG”), which is defined as Consolidated Budgeted Adjusted Earnings before Interest, Taxes,
Depreciation, and Amortization (“Adjusted EBITDA”), as set forth in the annual budget approved by the Board, is applicable to each participant. 

 

	 	•	 	 Each Zone VP also has a “Zone Hard Goal” (“ZHG”), which is defined as Zone Adjusted EBITDA for the Zone VP’s region, as
set forth in the annual budget approved by the Board. 

  

	 	•	 	 Each participant also develops, in cooperation with the participant’s supervisor, a set of “Individual Goals” (“IGs”)
to be achieved during the Plan Year. Individual Goals are specific to Zone or Corporate directives with emphasis on accountability and personal development related to each individual participant. 

For purposes of MIP award calculation, the above goals are weighted as follows: 

 

	 	•	 	 CEO 100% CHG. 

  

	 	•	 	 Other Corporate Executive: 70% CHG and 30% IGs. 

  

	 	•	 	 Zone VP: 30% CHG; 40% ZHG; and 30% IGs. 

 MIP goals are documented on a “Plan Scoring Criteria Form” (the “Form”). Each IG is weighted individually in the Form to reach the 30% total. Each participant’s Form will
be made available for review and approval by the Plan Administrator and the Board for final approval. 
 Quantitative financial goals constitute
confidential commercial or financial information that would result in competitive harm if disclosed, as may personal goals in appropriate cases. 

  
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 Management Bonus Program  

 

																					
	 Job/Grade Level
	  	Adjusted
EBITDA	 	  	Zone
Adjusted
EBIDTA	 	  	Division/
Department
Adjusted
EBIDTA	 	  	Individual
Goals	 	  	Maximum
Award % 
of
Base Pay	 
	 Corp SVP/VP, CFO - Field Ops
	  	 	28% [70%]	  	  	 	—  	  	  	 	—  	  	  	 	12%[30%]	  	  	 	40	% 
	 NBD
	  	 	12% [30%]	  	  	 	—  	  	  	 	16% [40%]	  	  	 	12%[30%]	  	  	 	40	% 
	 Managing Director
	  	 	20% [50%]	  	  	 	—  	  	  	 	—  	  	  	 	20%[50%]	  	  	 	40	% 
	 DGM II
	  	 	7% [20%]	  	  	 	7% [20%]	  	  	 	10.5% [30%]	  	  	 	10.5% [30%]	  	  	 	35	% 
	 Director II
	  	 	17.5% [50%]	  	  	 	—  	  	  	 	—  	  	  	 	17.5% [50%]	  	  	 	35	% 
	 Director I
	  	 	15% [50%]	  	  	 	—  	  	  	 	—  	  	  	 	15%[50%]	  	  	 	30	% 
	 DGM I
	  	 	6% [20%]	  	  	 	6% [20%]	  	  	 	9% [30%]	  	  	 	9%[30%]	  	  	 	30	% 
	 Corp Mgr II
	  	 	15% [50%]	  	  	 	—  	  	  	 	—  	  	  	 	15%[50%]	  	  	 	30	% 
	 Zone Mgr II
	  	 	9% [30%]	  	  	 	12% [40%]	  	  	 	—  	  	  	 	9%[30%]	  	  	 	30	% 
	 Corp Mgr I
	  	 	10% [50%]	  	  	 	—  	  	  	 	—  	  	  	 	10% [50%]	  	  	 	20	% 
	 Zone Mgr I
	  	 	6% [30%]	  	  	 	8% [40%]	  	  	 	—  	  	  	 	6% [30%]	  	  	 	20	% 

[    ] numbers = percentage of maximum award 

Note: Inclusion in Plan subject to discretion of Plan Administrator. 
 Under the MBP, each participant’s award will be subject to CHGs and/or ZHGs, as applicable, and IGs. 
 DETERMINING AMOUNT OF AWARDS 
 Management Incentive Program 

Step One: Determining whether the CHG has been achieved. Audited June 30th fiscal year-end financial
statements, generally available by September 15th,
are utilized to determine whether the threshold CHG has been achieved. 
 If the Plan Administrator determines that the CHG was not achieved,
no award based on the CHG, ZHG or IGs shall be made to any participant. 
 Step Two: Determining CHG award payout amounts. If
the threshold CHG is achieved or surpassed, the table below is used to identify the percentage of base salary to be used in computing the recommended CHG award for each participant level. As provided below, incremental adjustment to the CHG award is
made to recognize the actual level of the CHG that was achieved during the Plan Year. 

  
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	 Level of Goal Achieved
	  	Percentage
of CEO’s
Base Salary	 	 	Percentage
of COO’s
Base Salary	 	 	Percentage
of Senior
VP’s Base
Salary	 	 	Percentage
of Zone
VP’s Base
Salary	 	 	Percentage of
Corporate
VP’s, Base
Salary	 
	 Threshold
	  	 	42.50	% 	 	 	35.00	% 	 	 	25.00	% 	 	 	25.00	% 	 	 	22.50	% 
	 Target
	  	 	85.00	% 	 	 	70.00	% 	 	 	50.00	% 	 	 	50.00	% 	 	 	45.00	% 
	 Maximum
	  	 	127.50	% 	 	 	90.00	% 	 	 	75.00	% 	 	 	75.00	% 	 	 	67.50	% 

 Threshold represents 90.8% of Adjusted
EBITDA; Target represents 100% of Adjusted EBITDA; and Maximum represents 110% of Adjusted EBITDA. 
 If the achieved Adjusted EBITDA is greater
than the Target CHG but less than the Maximum CHG, the Percentage of Base Salary shall be scaled upward in proportion to the amount by which the achieved Adjusted EBITDA closes the gap between Target and Maximum. 

Example (for SVP): assume that FY11 Target CHG = $50M; Maximum CHG = $55M; the achieved Adjusted EBITDA (as determined in September 2011) =
$52M; Percentage of Base Salary payable at Target = 50%; and Percentage of Base Salary payable at Maximum = 75%. The achieved Adjusted EBITDA covered 40% of the gap between Target and Maximum. Therefore the Percentage of Base Salary payable is 60%
(40% of the gap between 50% and 75%). 
 If the achieved Adjusted EBITDA is greater than Threshold CHG but less than Target CHG, the
Percentage of Base Salary shall be scaled upward in the same manner. 
 Step Three: Determining whether ZHGs have been achieved
(applicable to Zone VPs only). If the threshold CHG was achieved, the Plan Administrator determines (in a manner similar to the determination of CHG achievement as described above) whether the threshold ZHG for each Zone VP has been
achieved. 
 If the Plan Administrator determines that a Zone VP’s threshold ZHG was not achieved, no MIP award shall be made to the
Zone VP based on the ZHG, and no award based on IGs shall be made to such Zone VP. 
 Step Four: Determining ZHG award payout amounts
(applicable to Zone VPs only). If threshold ZHG is achieved or surpassed, the table above is used to identify the percentage of base salary to be used in computing the Zone VP’s recommended ZHG award. ZHG-based awards shall be
scaled in the same manner as provided above with respect to CHG-based awards. 
 Threshold represents 90.8% of Zone Adjusted EBITDA; Target
represents 100% of Zone Adjusted EBITDA; and Maximum represents 110% of Zone Adjusted EBITDA. 
 Step Five: Determining whether IGs have
been achieved. The Plan Administrator determines whether individual IGs have been achieved based on the parameters set forth in the Form. Further, as stated above, (i) no Corporate Executive is eligible for an IG award unless the
CHG has been achieved; and (ii) a Zone VP is not eligible for a IG award unless both the CHG and such Zone VP’s ZHG have been achieved. 

  
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 Step Six: Determining IG award payout amounts. As noted above, a participant’s IGs are
assigned a specific weight on the participant’s Form. If all IGs are met, the total 30% weighting for IGs is used in calculating the portion of the participant’s MIP award based upon IGs. If only some of the IGs are achieved, the total
weighting for those achieved is used in the calculation. 
 Management Bonus Program 

Each participant will have specific goals with an assigned relative value weighting. This relative value weighting is reviewed and recommended by the VP
of Human Resources with final approval of the CEO. 
 It is envisioned that the MBP relative value scoring criteria will total 100%; however, at
the discretion of the Plan Administrator this award may exceed 100%. 
 PAYOUT CONDITIONS 

 

	 	•	 	 Notwithstanding the establishment of predetermined goals, the eligibility for, and payment of, any and all incentive compensation under the Plan is
entirely discretionary. 

  

	 	•	 	 A preliminary report is given to the applicable Plan Administrator in August immediately following the Plan Year, presenting the preliminary unaudited
numbers for the hard goals and the summary of individual goals measured at June 30th. Any necessary updates on audited financial numbers that may impact hard goal achievements will be provided to the applicable Plan Administrator during
September immediately following the Plan Year. 

  

	 	•	 	 The applicable Plan Administrator will receive the appropriate information in September to review and approve the awards. In the case of the MIP,
awards are also subject to Board approval. Plan awards for a Plan Year will be paid in a cash lump sum as soon as possible after the September Board Meeting immediately following the applicable Plan Year but in no case later than
October 31st immediately following the applicable
Plan Year. 

  

	 	•	 	 Plan awards are calculated using the participant’s annual base pay as of June 30th of the applicable Plan Year. 

 

	 	•	 	 Plan awards are subject to income reporting and payroll withholding, as determined in the sole discretion of Rural Metro. 

 

	 	•	 	 The provisions of the Plan shall be governed and construed in accordance with the laws of the State of Arizona, without regard to its conflict of law
provisions. 

  

	 	•	 	 In the event there shall be any conflict between the provisions and content of the Plan and any other communications, written or oral, the terms of the
Plan (and not the language of any other written or oral communication) shall control; provided, however, a conflict between, in the event the terms of any applicable employment agreement or severance

  
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agreement and the Plan, the terms of such applicable employment agreement or severance agreement, as the case may be, shall control. 

 

	 	•	 	 All Plan awards are limited by and in all respects subject to any compensation recovery, recoupment, equity retention or similar plans or policies that
the Company may enact from time to time and, without limiting the foregoing, all awards granted hereunder are subject to recoupment, forfeiture or modification (in whole or in part) in accordance with the terms of any such plans or policies,
regardless of whether such plans or policies are currently in effect or may be implemented and/or modified subsequent to the date of this Plan. 

  
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of 8Amendment No. 1 to Credit Agreement

 Exhibit 10.1 
 EXECUTION COPY 
 AMENDMENT NO. 1 

Dated as of December 20, 2010 
 to 
 CREDIT AGREEMENT 

Dated as of August 23, 2010 
 THIS AMENDMENT NO. 1 (this “Amendment”) is made as of December 20, 2010 by and among Parametric Technology Corporation, a Massachusetts corporation (the “Borrower”),
the financial institutions listed on the signature pages hereof and JPMorgan Chase Bank, N.A., as Administrative Agent (the “Administrative Agent’), under that certain Credit Agreement dated as of August 23, 2010 by and among
the Borrower, the Lenders and the Administrative Agent (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). Capitalized terms used herein and not otherwise defined herein shall have
the respective meanings given to them in the Credit Agreement. 
 WHEREAS, the Borrower has requested that the requisite Lenders
and the Administrative Agent agree to an amendment to the Credit Agreement; 
 WHEREAS, the Borrower, the Lenders party hereto
and the Administrative Agent have so agreed on the terms and conditions set forth herein; 
 NOW, THEREFORE, in consideration of
the premises set forth above, the terms and conditions contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrower, the Lenders party hereto and the Administrative Agent
hereby agree to enter into this Amendment. 
 1. Amendment to the Credit Agreement. Effective as of the date of
satisfaction of the conditions precedent set forth in Section 2 below, the parties hereto agree that the Credit Agreement is hereby amended to delete the reference to “Twenty Million Dollars ($20,000,000)” appearing in
Section 5.12(f) thereof and replace such reference with a reference to “Fifty Million Dollars ($50,000,000)”. 

2. Conditions of Effectiveness. The effectiveness of this Amendment is subject to the conditions precedent that the Administrative
Agent shall have received (i) counterparts of this Amendment duly executed by the Borrower, the Required Lenders and the Administrative Agent, (ii) counterparts of the Consent and Reaffirmation attached as Exhibit A hereto duly
executed by the Subsidiary Guarantors and (iii) payment and/or reimbursement of the Administrative Agent’s and its affiliates’ fees and expenses (including, to the extent invoiced, fees and expenses of counsel for the Administrative
Agent) in connection with this Amendment. 
 3. Representations and Warranties of the Borrower. The Borrower hereby
represents and warrants as follows: 
 (a) This Amendment and the Credit Agreement as modified hereby constitute valid and
binding obligations of the Borrower and are enforceable against the Borrower in accordance with their terms. 

 (b) As of the date hereof and after giving effect to the terms of this Amendment,
(i) no Default or Event of Default shall have occurred and be continuing, and (ii) the representations and warranties of the Borrower set forth in the Credit Agreement are true and correct in all material respects (or, if a representation
or warranty is expressly stated to have been made as of a specific date, such representation or warranty shall be true and correct in all material respects as of such specific date). 

4. Reference to and Effect on the Credit Agreement. 
 (a) Upon the effectiveness hereof, each reference to the Credit Agreement in the Credit Agreement or any other Loan Document shall mean and be a reference to the Credit Agreement as amended hereby.

 (b) Each Loan Document and all other documents, instruments and agreements executed and/or delivered in connection therewith
shall remain in full force and effect and are hereby ratified and confirmed. 
 (c) Except with respect to the subject matter
hereof, the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Administrative Agent or the Lenders, nor constitute a waiver of any provision of the Credit Agreement, the Loan
Documents or any other documents, instruments and agreements executed and/or delivered in connection therewith. 
 5.
Governing Law. This Amendment shall be construed in accordance with and governed by the law of the State of New York. 

6. Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a
part of this Amendment for any other purpose. 
 7. Counterparts. This Amendment may be executed by one or more of the
parties hereto on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. 
 [Signature Pages Follow] 

  
 2 

 IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year first above
written. 
  

			
	PARAMETRIC TECHNOLOGY CORPORATION,
	as the Borrower
		
	By:	 	 /s/ Jeffrey D. Glidden

	Name:	 	Jeffrey D. Glidden
	Title:	 	Executive Vice President and Chief Financial Officer

 Signature Page to Amendment No. 1 to 
 Credit Agreement dated as of
August 23, 2010 
 Parametric Technology Corporation 

 
			
	JPMORGAN CHASE BANK, N.A.,
	individually as a Lender, as the Swingline Lender, as an Issuing Bank and as Administrative Agent
		
	By:	 	 /s/ Anne Biancardi

	Name:	 	Anne Biancardi
	Title:	 	Vice President, Credit Executive

  
 Signature
Page to Amendment No. 1 to 
 Credit Agreement dated as of August 23, 2010 

Parametric Technology Corporation 

 
			
	KEYBANK NATIONAL ASSOCIATION,
	as a Lender
		
	By:	 	 /s/ David A. Wild

	Name:	 	David A. Wild
	Title:	 	Vice President

  
 Signature
Page to Amendment No. 1 to 
 Credit Agreement dated as of August 23, 2010 

Parametric Technology Corporation 

 
			
	SOVEREIGN BANK,
	as a Lender
		
	By:	 	 /s/ Angela Pecjo

	Name:	 	Angela Pecjo
	Title:	 	Vice President

  
 Signature
Page to Amendment No. 1 to 
 Credit Agreement dated as of August 23, 2010 

Parametric Technology Corporation 

 
			
	RBS CITIZENS, NATIONAL ASSOCIATION,
	as a Lender
		
	By:	 	 /s/ William M. Clossey

	Name:	 	William M. Clossey
	Title:	 	Vice President

  
 Signature
Page to Amendment No. 1 to 
 Credit Agreement dated as of August 23, 2010 

Parametric Technology Corporation 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	as a Lender
		
	By:	 	 /s/ Donald Schwartz

	Name:	 	Donald Schwartz
	Title:	 	Managing Director

  
 Signature
Page to Amendment No. 1 to 
 Credit Agreement dated as of August 23, 2010 

Parametric Technology Corporation 

 
			
	 SILICON VALLEY BANK,

as a Lender

		
	By:	 	 /s/ Philip T. Silvia III

	Name:	 	Philip T. Silvia III
	Title:	 	Vice President

  
 Signature
Page to Amendment No. 1 to 
 Credit Agreement dated as of August 23, 2010 

Parametric Technology Corporation 

 
			
	 THE HUNTINGTON NATIONAL BANK,
 as a Lender

		
	By:	 	 /s/ Joe Tonges

	Name:	 	Joe Tonges
	Title:	 	Vice President

  
 Signature
Page to Amendment No. 1 to 
 Credit Agreement dated as of August 23, 2010 

Parametric Technology Corporation 

 
			
	 HSBC BANK USA, NATIONAL ASSOCIATION,
 as a Lender

		
	By:	 	 /s/ Elise M. Russo

	Name:	 	Elise M. Russo
	Title:	 	Global Relationship Manager

  
 Signature
Page to Amendment No. 1 to 
 Credit Agreement dated as of August 23, 2010 

Parametric Technology Corporation 

 
			
	 TD BANK, N.A.,
 as
a Lender

		
	By:	 	 /s/ Edward (Ted) Hopkinson

	Name:	 	Edward (Ted) Hopkinson
	Title:	 	Senior Vice President & Managing Director

  
 Signature
Page to Amendment No. 1 to 
 Credit Agreement dated as of August 23, 2010 

Parametric Technology Corporation 

 
			
	 BANK OF AMERICA, N.A.,
 as a Lender

		
	By:	 	 /s/ William S. Rowe

	Name:	 	William S. Rowe
	Title:	 	Senior Vice President

  
 Signature
Page to Amendment No. 1 to 
 Credit Agreement dated as of August 23, 2010 

Parametric Technology Corporation 

 EXHIBIT A 
 Consent and Reaffirmation 
 Each of the undersigned hereby acknowledges
receipt of a copy of the foregoing Amendment No. 1 to the Credit Agreement (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) by and among Parametric Technology
Corporation, a Massachusetts corporation (the “Borrower”) the Lenders and JPMorgan Chase Bank, N.A., as Administrative Agent (the “Administrative Agent”), which Amendment No. 1 is dated as of December 20,
2010 and is by and among the Borrower, the financial institutions listed on the signature pages thereof and the Administrative Agent (the “Amendment”). Capitalized terms used in this Consent and Reaffirmation and not defined herein
shall have the meanings given to them in the Credit Agreement. Without in any way establishing a course of dealing by the Administrative Agent or any Lender, each of the undersigned consents to the Amendment and reaffirms the terms and conditions of
the Subsidiary Guaranty and any other Loan Document executed by it and acknowledges and agrees that the Subsidiary Guaranty and each and every such Loan Document executed by the undersigned in connection with the Credit Agreement remains in full
force and effect and is hereby reaffirmed, ratified and confirmed. All references to the Credit Agreement contained in the above-referenced documents shall be a reference to the Credit Agreement as so modified by the Amendment and as the same may
from time to time hereafter be amended, modified or restated. 
 Dated December 20, 2010 

[Signature Page Follows] 

 IN WITNESS WHEREOF, this Consent and Reaffirmation has been duly executed as of the day and
year above written. 
  

									
	PARAMETRIC HOLDINGS INC.	 		 	 COMPUTERVISION LLC by its sole member,
 PARAMETRIC TECHNOLOGY CORPORATION

					
	By:	 	 /s/ Stephen Bouchard
	 		 	By:	 	 /s/ Stephen Bouchard

	Name:	 	Stephen Bouchard	 		 	Name:	 	Stephen Bouchard
	Title:	 	Treasurer	 		 	Title:	 	Treasurer
			
	PTC INTERNATIONAL, INC.	 		 	PTC NETHERLANDS LLC
					
	By:	 	 /s/ Stephen Bouchard
	 		 	By:	 	 /s/ Stephen Bouchard

	Name:	 	Stephen Bouchard	 		 	Name:	 	Stephen Bouchard
	Title:	 	Treasurer	 		 	Title:	 	Treasurer
			
	ARBORTEXT, INC.	 		 	RELEX SOFTWARE CORPORATION
					
	By:	 	 /s/ Stephen Bouchard
	 		 	By:	 	 /s/ Stephen Bouchard

	Name:	 	Stephen Bouchard	 		 	Name:	 	Stephen Bouchard
	Title:	 	Treasurer	 		 	Title:	 	Treasurer

 Signature Page to Consent and
Reaffirmation to Amendment No. 1 to 
 Credit Agreement dated as of August 23, 2010 

Parametric Technology Corporation

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