Document:

Voting Agreement

 Exhibit 10.2 
  
 STOCKHOLDER VOTING AGREEMENT 
  

THIS STOCKHOLDER VOTING AGREEMENT (“Agreement”), dated as of February 15, 2006, is by and between ANSYS, Inc., a Delaware
corporation (“Parent”), and Willis Stein & Partners II, L.P., Willis Stein & Partners III, L.P., Willis Stein & Partners Dutch, L.P., Willis Stein & Partners Dutch III-A, L.P., Willis
Stein & Partners Dutch III-B, L.P., and Willis Stein & Partners III-C, L.P., as holders of common stock, par value $0.01 per share, of Parent (“Common Stock”) (individually a “Stockholder” and
collectively the “Stockholders”). 
  
 WHEREAS, concurrently with the execution of this Agreement, Parent is entering into that certain Agreement and Plan of Merger dated as of February 15, 2006 by and among Parent, ANSYS XL, LLC (“Merger LLC”), a
wholly-owned subsidiary of Parent, BEN I, Inc., a wholly-owned subsidiary of Merger LLC (“Merger Sub”), HINES II, Inc., a wholly-owned subsidiary of Merger LLC (“Merger Sub II”), Heat Holding Corp.
(“Holding”), Aavid Thermal Technologies, Inc. (“Company”), TROY III, Inc., a wholly-owned subsidiary of Company (“Merger Sub III”), Fluent, Inc. (“Fluent”), and, for certain limited
purposes described therein, Willis Stein & Partners II, L.P., Willis Stein & Partners III, L.P., Willis Stein & Partners Dutch, L.P., Willis Stein & Partners Dutch III-A, L.P., Willis Stein & Partners
Dutch III-B, L.P., and Willis Stein & Partners III-C, L.P. and Willis Stein & Partners II, L.P., as Stockholders’ Representative (the “Merger Agreement”); capitalized terms used but not defined herein shall
have the meanings ascribed thereto in the Merger Agreement; 
  
 WHEREAS, pursuant to the Merger Agreement the parties thereto will effect a business combination through, and in the following order, (a) the merger of Merger Sub with and into Holding), with Holding being the surviving
corporation (the “First Merger”, (b) the merger of Holding with and into Merger LLC, with Merger LLC being the surviving company (the “Second Merger”), (c) the merger of Merger Sub II with and into the
Company, with the Company being the surviving corporation (the “Third Merger”), and (d) the merger of Merger Sub III with and into Fluent with Fluent being the surviving corporation (the “Fourth Merger,”
together with the First Merger, the Second Merger and the Third Merger, the “Mergers”), each on the terms and conditions set forth in this Agreement and in accordance with the Delaware General Corporation Law, and, as applicable,
the Delaware Limited Liability Company Act; 
  
 WHEREAS, as
of the Closing Date, each Stockholder will acquire in the Mergers certain shares of Common Stock (together with any such shares acquired prior to the Closing Date and any Shares acquired following the Closing Date through the Expiration Date (as
defined below), the “Shares”); and 
  
 WHEREAS, as a condition to Parent entering into the Merger Agreement, the Stockholders have agreed to enter into this Agreement to be effective at, and subject to the occurrence of, the Third Effective Time, to vote the Shares as
provided herein. 

 NOW, THEREFORE, in consideration of Parent agreeing to the Mergers, each of the Stockholders and
the Parent agree as follows: 
  
 1. Agreement to Vote Shares. Each of the
Stockholders agree that, from and after the Fourth Effective Time until the Expiration Date, at the first meeting of the stockholders of the Parent (or adjournment or postponement thereof) that is held after the Fourth Effective Time, or in
connection with any solicitation of proxies of the stockholders of the Parent, each of the Stockholders shall: 
  

	 	(a)	appear at such meeting or otherwise cause the Shares that such Stockholder shall be entitled to so vote at such meeting to be counted as present thereat for purposes of calculating
a quorum; and 

  

	 	(b)	vote (or cause to be voted), or deliver a proxy (or cause a proxy to be delivered) covering all of the Shares that such Stockholder shall be entitled to so vote, whether such Shares
are beneficially owned by such Stockholder on the date of this Agreement or are subsequently acquired, in favor of adoption and approval of (i) an amendment to the Parent’s Restated Certificate of Incorporation approved by Parent’s
Board of Directors to increase the number of authorized shares of Common Stock to an aggregate of 150,000,000, and (ii) in favor of adoption and approval of an increase, approved by Parent’s Board of Directors, in the number of shares of
Common Stock which may be issued under the Parent’s employee stock option plans to an aggregate of 13,700,000. 

  
 2. Expiration Date. As used in this Agreement, the term “Expiration Date” shall mean the earlier to occur of (a) the day following the first
meeting of the stockholders of Parent that is held after the Fourth Effective Time; (b) such date and time as the Merger Agreement shall be terminated pursuant to Article XIII thereof; or (c) upon mutual written agreement of the Parent and
a majority in voting power of the Stockholders to terminate this Agreement. Upon termination or expiration of this Agreement, no party shall have any further obligations or liabilities under this Agreement; provided, however,
such termination or expiration shall not relieve any party from liability for any willful breach of this Agreement prior to termination hereof. 
  
 3. Representations and Warranties of Stockholders. Each Stockholder hereby represents and warrants to the Parent as follows: 
  

	 	(a)	Such Stockholder has the full power and the unqualified right to enter into and perform the terms of this Agreement; 

  

	 	(b)	This Agreement (assuming this Agreement constitutes a valid and binding agreement of the Parent) constitutes a valid and binding agreement with respect to such Stockholder,
enforceable against such Stockholder in accordance with its terms, except as enforcement may be limited by general principles of equity whether applied in a court of law or a court of equity and by bankruptcy, insolvency and similar laws affecting
creditors’ rights and remedies generally; 

  

	 	(c)	Such Stockholder beneficially owns (or will own) the Shares, and has (or will have) sole or shared, and otherwise unrestricted, voting power with respect to such Shares;

  

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	 	(d)	The execution and delivery of this Agreement by such Stockholder does not, and the performance by such Stockholder of his, her or its obligations hereunder and the consummation by
such Stockholder of the transactions contemplated hereby will not, violate or conflict with, or constitute a default under, any agreement, instrument, contract or other obligation or any order, arbitration award, judgment or decree to which such
Stockholder is a party or by which such Stockholder is bound, or any statute, rule or regulation to which such Stockholder is subject or, in the event that such Stockholder is a corporation, partnership, trust or other entity, any bylaw or other
organizational document of such Stockholder; and 

  

	 	(e)	That the representations and warranties of such Stockholder contained in this Agreement are accurate in all respects as of the date of this Agreement and will be accurate in all
respects at all times through the Expiration Date. 

  
 4.
Representation and Warranties of the Parent. Parent hereby represents and warrants to each Stockholder as follows: 
  

	 	(a)	Parent is a Delaware corporation duly incorporated, validly existing and in good standing under the laws of the state of Delaware; 

  

	 	(b)	The execution, delivery and performance by Parent of this Agreement has been duly authorized and approved by its Board of Directors; 

  

	 	(c)	This Agreement has been duly executed and delivered by Parent, and (assuming this Agreement constitutes a valid and binding agreement of each Stockholder) constitutes a valid and
binding agreement with respect to Parent, enforceable against it in accordance with its terms, except as enforcement may be limited by general principles of equity whether applied in a court of law or a court of equity and by bankruptcy, insolvency
and similar laws affecting creditors’ rights and remedies generally; 

  

	 	(d)	The execution and delivery of this Agreement by Parent does not, and the performance by the Parent of its obligations hereunder and the consummation by Parent of the transactions
contemplated hereby will not, violate or conflict with, or constitute a default under, any agreement, instrument, contract or other obligation or any order, arbitration award, judgment or decree to which Parent is a party or by which Parent is
bound, or any statute, rule or regulation to which Parent is subject or, the charter or bylaws of Parent; and 

  

	 	(e)	That the representations and warranties of Parent contained in this Agreement are accurate in all respects as of the date of this Agreement and will be accurate in all respects at
all times through the Expiration Date. 

  
 5. Irrevocable
Proxy. Subject to the last sentence of this Section 5, by execution of this Agreement, each Stockholder does hereby appoint and constitute Parent and the Chief Executive Officer and the Chief Financial Officer of Parent, in their respective
capacities as officers of the Parent and any individual who shall hereafter succeed to any such office of Parent and any other designee of the Parent, and each of them individually, with full power of substitution and 

  

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resubstitution, as such Stockholder’s true and lawful attorneys-in-fact and irrevocable proxies, to the full extent of the undersigned’s rights
with respect to the Shares, to vote each of the Shares that such Stockholder shall be entitled to so vote solely with respect to the matters set forth in Section 1 hereof. Each Stockholder intends this proxy to be irrevocable and coupled with
an interest hereafter until the Expiration Date and hereby revokes any proxy previously granted by such Stockholder with respect to the Shares. Notwithstanding anything contained herein to the contrary, this irrevocable proxy shall be effective only
if the Stockholders have not voted the Shares as provided in Section 1 as of the close of business on the date two (2) days prior to Parent’s stockholders meeting and shall automatically terminate upon the Expiration Date. 

 
 6. Specific Enforcement. The parties hereto agree that irreparable damage would
occur in the event that any of the provisions of this Agreement were not performed in accordance with its specific terms or were otherwise breached. It is agreed that the parties shall be entitled to an injunction or injunctions to prevent breaches
of this Agreement and to enforce specifically the terms and provisions hereof in any court of the United States or any state or province having jurisdiction, this being in addition to any other remedy to which they are entitled at law or in equity.

  
 7. Binding Effect and Assignment. All of the covenants and agreements
contained in this Agreement shall be binding upon, and inure to the benefit of, the respective parties and their permitted successors, assigns, heirs, executors, administrators and other legal representatives, as the case may be. 
  
 8. Counterparts. This Agreement may be executed in one or more counterparts, each of
which will be deemed an original but all of which together shall constitute one and the same instrument. 
  
 9. Waivers. No waivers of any breach of this Agreement extended by Parent to any single Stockholder shall be construed as a waiver of any rights or remedies of Parent with respect to any other Stockholder who
has executed this Agreement with respect to Shares held or subsequently held or with respect to any subsequent breach by such Stockholder or any other Stockholder. No waiver of any provisions hereof by either party shall be deemed a waiver of any
other provisions hereof by any such party, nor shall any such waiver be deemed a continuing waiver of any provision hereof by such party. 
  
 10. Governing Law. All disputes, claims or controversies arising out of or relating to this Agreement, or the negotiation, validity or performance of this
Agreement, or the transactions contemplated hereby shall be governed by and construed in accordance with the laws of the State of Delaware without regard to its rules of conflict of laws. Each of the parties hereto hereby irrevocably and
unconditionally consents to submit to the sole and exclusive jurisdiction of the courts of the State of Delaware and of the United States District Court for the District of Delaware (the “Chosen Courts”) for any litigation arising
out of or relating to this Agreement, or the negotiation, validity or performance of this Agreement, or the transactions contemplated hereby (and agrees not to commence any litigation relating thereto except in such courts), waives any objection to
the laying of venue of any such litigation in the Chosen Courts and agrees not to plead or claim in any Chosen Court that such litigation brought therein has been brought in any inconvenient forum. Each of the parties hereto agrees, (a) to the
extent such party is not 

  

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otherwise subject to service of process in the State of Delaware, to appoint and maintain an agent in the State of Delaware as such party’s agent for
acceptance of legal process and (b) that service of process may also be made on such party by prepaid certified mail with a proof of mailing receipt validated by the United States Postal Service constituting evidence of valid service. Service
made pursuant to (a) or (b) above shall have the same legal force and effect as if served upon such party personally within the State of Delaware. 
  
 11. Severability. If any term or other provision of this Agreement is determined to be invalid, illegal or incapable of being enforced by any rule of law or public
policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to
any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as
closely as possible to the fullest extent permitted by applicable law in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the extent possible. 
  
 12. Capacity as Stockholder. Each Stockholder signs this Agreement solely in such Stockholder’s capacity as a Stockholder of
Parent, and not in such Stockholder’s capacity as a director, officer or employee of Parent or any of its subsidiaries or in such Stockholder’s capacity as a trustee or fiduciary of any ERISA plan or trust. 
  
 13. No Agreement Until Executed. Irrespective of negotiations among the parties or the
exchanging of drafts of this Agreement, this Agreement shall not constitute or be deemed to evidence a contract, agreement, arrangement or understanding between the parties hereto unless and until (a) the Merger Agreement is executed by all
parties thereto and (b) this Agreement is executed by all parties hereto. 
  
 14. Entire Agreement; Amendments. This Agreement supersedes all prior agreements, written or oral, among the parties hereto with respect to the subject matter hereof and contains the entire agreement among the parties with respect to
the subject matter hereof. This Agreement may not be amended, supplemented or modified, and no provisions hereof may be modified or waived, except by an instrument in writing signed by the Parent and a majority in voting power of the Stockholders.

  
 15. Notices. All notices, requests, claims, demands and other
communications hereunder shall be in writing and shall be given (and shall be deemed to have been duly received if so given) by hand delivery, telegram, telecopy, or by mail (registered or certified mail, postage prepaid, return receipt requested)
or by any courier service, such as Federal Express, providing proof of delivery. All communications hereunder shall be delivered to the respective parties at the following addresses: (a) if to the Parent, to its respective address set forth in
the Merger Agreement; and (b) if to any Stockholder, to such Stockholder’s address set forth in the Merger Agreement; or, in each case, to such other address as the Parent or Stockholder to whom notice is given may have previously
furnished to the other parties hereto in writing in the manner set forth above. 
  
 [Signature Page Follows Next] 
  

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 EXECUTED as of the date first above written. 
  

			
	 ANSYS, INC.

		
	 By:
	 	 /s/ James E. Cashman III

	 	 	 Name: James E. Cashman III

	 	 	 Title: President and Chief Executive Officer

  

			
	HOLDERS
	
	 WILLIS STEIN & PARTNERS III, L.P.

	 WILLIS STEIN & PARTNERS DUTCH III-A, L.P.

	 WILLIS STEIN & PARTNERS DUTCH III-B, L.P.

	 WILLIS STEIN & PARTNERS III-C, L.P.

		
	 By:
	 	 Willis Stein & Partners Management III, L.P.

	 	 	 Its General Partner

		
	 By:
	 	 Willis Stein & Partners Management III, LLC

	 	 	 Its General Partner

		
	 By:
	 	 /s/ Daniel H. Blumenthal

	 	 	 Name: Daniel H. Blumenthal

	 	 	 Title: Managing Partner

	
	 WILLIS STEIN & PARTNERS II, L.P.

	 WILLIS STEIN & PARTNERS DUTCH, L.P.

		
	 By:
	 	 Willis Stein & Partners Management II, L.P.

	 	 	 Its General Partner

		
	 By:
	 	 Willis Stein & Partners Management II, LLC

	 	 	 Its General Partner

		
	 By:
	 	 /s/ Daniel H. Blumenthal

	 	 	 Name: Daniel H. Blumenthal

	 	 	 Title: Managing Partner

  
 VOTING AGREEMENTEmployment Agreement

 Exhibit 10.3 
  
 EMPLOYMENT AGREEMENT 
  
 This Employment Agreement (the “Agreement”) is entered into as of this 15th day of February, 2006 by and between ANSYS, Inc., a Delaware corporation (“ANSYS”), Fluent, Inc., a Delaware corporation
(“Fluent”) (ANSYS and Fluent together, the “Company”) and Hasan Ferit Boysan, Ph.D. (“Employee”). 
  
 WHEREAS, ALASKA has entered into that certain Agreement and Plan of Merger dated as of February 15, 2006 by and among ANSYS, ANSYS XL, LLC
(“Merger LLC”), BEN I, Inc. (“Merger Sub”), HINES II, Inc. (“Merger Sub II”), Heat Holdings Corp. (“Holding”), Aavid Thermal Technologies, Inc. (“Company Inc.”),
TROY III, Inc. (“Merger Sub III”), Fluent, and, for certain limited purposes described therein, Willis Stein & Partners II, L.P., Willis Stein & Partners III, L.P., Willis Stein & Partners Dutch, L.P.,
Willis Stein & Partners Dutch III-A, L.P., Willis Stein & Partners Dutch III-B, L.P., and Willis Stein & Partners III-C, L.P. and Willis Stein & Partners II, L.P., as Stockholders’ Representative (the
“Merger Agreement”); 
  
 WHEREAS, pursuant to the
Merger Agreement the parties thereto will effect a business combination that is expected to be completed in or around April 2006 (the “Business Combination”) through, and in the following order, (a) the merger of Merger
Sub with and into Holding, with Holding being the surviving corporation (the “First Merger”), (b) the merger of Holding with and into Merger LLC, with Merger LLC being the surviving company (the “Second
Merger”), (c) the merger of Merger Sub II with and into Company Inc., with Company Inc. being the surviving corporation (the “Third Merger”), and (d) the merger of Merger Sub III with and into Fluent with Fluent
being the surviving corporation (the “Fourth Merger”); 
  
 WHEREAS, Employee has been an officer and a key employee of Fluent since its inception; and 
  
 WHEREAS, the parties desire to ensure that Employee’s expertise and knowledge will continue to be available to the Company following the Business
Combination. 
  
 NOW, THEREFORE, in consideration of the foregoing
premises and the obligations herein made and undertaken, the parties, intending to be legally bound, agree as follows: 
  
 1. Contingency. This Agreement is contingent upon the Business Combination and will not become effective until the effective time of the Fourth
Merger (the “Fourth Effective Time”). 
  
 2.
Position, Duties, and Extent of Service. Upon the Fourth Effective Time, (a) Employee will remain employed by Fluent and will hold the position of Vice President and General Manager, Fluids Business Unit of the Company; (b) Employee
will have such responsibilities as the Company’s management shall from time to time designate; (c) upon the request of the Company’s management, Employee will serve as an officer and/or director of any of the Company’s
subsidiaries; and (d) Employee will render all services reasonably incident to the foregoing. Employee hereby accepts such employment, agrees to serve the Company in the 

 
capacities indicated, and agrees to use Employee’s best efforts in, and will devote Employee’s full working time, attention, skill and energies to,
the advancement of the interests of the Company and its subsidiaries and the performance of Employee’s duties and responsibilities hereunder (excluding reasonable and appropriate civic and charitable activities). 
  
 3. Salary. During Employee’s employment under this Agreement, the
Company will pay Employee his current salary of Two Hundred Fifteen Thousand U.S. Dollars ($215,000.00) (“Base Salary”). Such Base Salary will be subject to withholding under applicable law, will be pro rated for partial years and
will be payable in periodic installments in accordance with the Company’s usual practice for employees of the Company. For avoidance of doubt, this provision does not alter the “at will” status of the employment relationship between
Employee and the Company, as more fully described in Section 15 of this Agreement. 
  
 4. Bonus. During Employee’s employment under this Agreement, Employee will be eligible to participate in the Company’s Executive Bonus Plan and may receive bonuses under such plan as determined by the
Company’s Board of Directors and Compensation Committee in their sole discretion. 
  
 5. Stock Option Grant. Subject to approval by the Company’s Board of Directors, the execution by Employee of the Company’s standard Employee Agreement Regarding Inventions, Trade Secrets, and
Proprietary And Confidential Information (the “Confidentiality Agreement”), and the execution by Employee of the Company’s standard stock option agreement, the Company will grant to Employee options to purchase shares of common
stock of ALASKA, Inc. in an amount and on such terms as authorized by the Board of Directors. These options shall be granted on the later of (i) the Fourth Effective Time, or (ii) the date approved by the Company’s Board of Directors.
Any stock options granted to Employee pursuant to this provision will be subject to a vesting schedule, and be governed by the Second Amended and Restated ALASKA, Inc. 1996 Stock Option and Grant Plan, as amended, and the standard form of option
agreement. 
  
 6. Benefits. During Employee’s
employment under this Agreement, Employee will be entitled to participate in any retirement, medical insurance, dental insurance, vision insurance, life insurance, disability insurance plans, employee stock purchase and option plans, vacation
programs, and other employment benefits as in effect as of the Fourth Effective Time for employees of Fluent generally in Employee’s work location (“Benefit Plans”). Such participation will be subject to the terms of the
applicable plan documents and generally applicable policies of the Company. The Company retains the right to terminate or modify any such Benefit Plans in its discretion, as permitted by law and the applicable plan documents. 
  
 7. Vacation. Employee will be entitled to an annual vacation of up to
20 days at times to be mutually agreed upon with the President and Chief Executive Officer of ALASKA. Vacation will be accrued on a monthly basis at the rate of 1.67 days per month. Employee will be eligible to participate in the Company’s
vacation plan (the “Current Plan”) in accordance with the terms of the Current Plan. In the event that the Company establishes a new vacation plan, (the “New Plan”) which is different from the Current Plan, Employee
will at the time the 

  

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Company institutes such New Plan, participate in the New Plan, subject to the terms thereof. Employee will continue, under the New Plan, to be entitled to a
minimum of 20 days vacation. 
  
 8. Relocation. The Company
will assist Employee with his relocation to the United Kingdom or other mutually agreeable location of his choice following the expiration of his L-1 Visa, provided that Employee has remained continuously employed by the Company up to and including
the time of such expiration. The Company shall reimburse employee for all relocation expenses up to a maximum of $20,000 (Twenty thousand Dollars). Notwithstanding the foregoing, the Company’s obligation to provide relocation assistance will
cease, and Employee will repay to the Company all amounts expended by the Company for Employee’s relocation assistance, in the event Employee terminates his employment with the Company within one (1) year after the date of Employee’s
relocation, unless the employee terminates for Good Reason. 
  
 9.
Severance. If, on or before December 31, 2009, (a) the Company terminates Employee’s employment without Cause or (b) Employee voluntarily resigns for Good Reason, then Company will pay Employee (i) his base salary (as
in effect on the date of the termination of employment) earned through the date of the Employee’s termination, prorated on a daily basis together with all accrued but unpaid vacation time earned by Employee during the fiscal year in which such
termination occurs, less all legally required and authorized withholdings, and (ii) provide from the date of the termination of employment until December 31, 2009 (A) health care benefits equivalent to those Employee is receiving on
the date of the termination of employment and (B) his base salary (as in effect on the date of the termination of his employment) prorated on a daily basis, less all legally required and authorized withholdings. Notwithstanding the foregoing,
no severance benefits will be due to Employee unless Employee signs a general release of claims drafted by the Company. In the event that Employee’s employment is terminated by the Company for Cause, upon a voluntary termination by Employee
other than for Good Reason or upon Employee’s death or Incapacity, the Company shall have no obligation to make any severance or other similar payment to or on behalf of Employee. “Cause”, “Good Reason” and
“Incapacity” are defined as follows: 
  
 (a) Cause. “Cause” means (i) the commission of a felony or a crime involving moral turpitude, (ii) the commission of any other act or omission involving dishonesty or fraud with respect to the Company, any
of its affiliates or subsidiaries, or any of their respective customers or suppliers, (iii) conduct which brings the Company or any of its affiliates or subsidiaries into public disgrace or disrepute in any material respect,
(iv) substantial and repeated failure to perform duties of the office held by Employee as reasonably directed by any of Employee’s supervisors or the Board of the Directors of the Company (other than failure to perform such duties due to a
leave of absence protected by the federal Family and Medical Leave Act or any similar state or local law) which is not cured within 30 days after notice thereof to Employee, (iv) gross negligence or willful misconduct with respect to the
Company or any of its affiliates or subsidiaries, or (v) any other material breach of this Agreement or the Confidentiality Agreement or violation of the Code, or violation of any policy of the Company or its affiliates or subsidiaries
established by their Boards of Directors, which breach or violation, if curable, is not cured within 30 days after written notice thereof to Employee. A motor vehicle felony will not constitute Cause unless it involves drunk driving. 
  

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 (b) Good Reason. “Good Reason” means the occurrence, without
Employee’s consent, of any of the following: (i) unless corrected within 15 days of written notice by Employee to the Company’s Board of Directors of Employee’s objection thereto, the assignment to Employee of any significant
duties materially inconsistent with Employee’s status as an officer of Company or a substantial diminution in the nature of Employee’s responsibilities or Employee’s status; or (ii) a reduction in Employee’s annual base
salary as in effect on the Fourth Effective Time, except for across-the-board salary reductions similarly affecting all officers of the Company. 
  
 (c) Incapacity. “Incapacity” means the disability of Employee caused by any physical or mental injury, illness or
incapacity as a result of which Employee is unable to effectively perform the essential functions of Employee’s duties as determined by the Company’s Board of Directors in good faith, for a period of 90 consecutive days or a period of 120
days during any 180-day period; provided that any determination of Incapacity shall be made in compliance with the provisions of the Family Medical Leave Act. 
  

10. Location and Travel. During Employee’s employment under this Agreement, Employee’s primary work location will be the
Company’s Lebanon, New Hampshire office until the expiration of Employee’s L-1 visa in 2007. At the time of such expiration, Employee’s primary work location will be in the United Kingdom or other mutually agreeable location
of his choice at a then-existing Company office mutually agreeable to Employee and the Company. Employee acknowledges that frequent international and domestic travel will be required throughout Employee’s employment, at the discretion of
management. 
  
 11. Expenses. Employee will be reimbursed
for all reasonable expenses related to business-related travel and out-of-pocket expenses incurred in the discharge of his duties under this Agreement, to the extent authorized pursuant to the applicable Company travel and business expense
reimbursement policies and practices (as such may be amended from time to time), provided that Employee accounts for those costs and expenses in the manner prescribed from time to time by the Company. 
  
 12. Reassignment of Duties. Employee acknowledges that, from time to
time, it may become necessary to reorganize the Company, its affiliates, related companies and subsidiaries, or to reassign Employee’s duties and positions. Accordingly, the Company may, upon written notice to Employee, assign this Agreement to
any affiliate or related company or subsidiary. In addition, the Company may from time to time reassign Employee to another position or change Employee’s position or duties, provided that such reassignment or changes are reasonable, having
regard to the experience and position of Employee (such reassignment and changes being referred to as “Reasonable Changes”). Employee will accept any Reasonable Changes, and no such assignment of this Agreement or Reasonable Changes
shall constitute a termination or constructive discharge of Employee’s employment with the Company or a breach of this Agreement by Company. 
  

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 13. Company Policies. Employee agrees to abide by and will acknowledge in writing (a) the
Company’s Code of Business Conduct and Ethics, (b) the Company’s Statement of Company Policy on Insider Trading and Disclosures and Insider Trading Procedures, and (c) the Company’s Standard Business Practices, as each may
be in effect from time to time. 
  
 14. Confidentiality.
Employee understands and agrees that this Agreement creates a relationship of trust and confidence between Employee and the Company with respect to (a) all of the Company’s confidential and proprietary information, inventions and
developments, and (b) the confidential and proprietary information of others with which the Company has a business relationship (“Confidential Information”). At all times, both during the term of this Agreement and after its
termination, Employee will keep in confidence and trust all such Confidential Information, and will not use or disclose any such Confidential Information without the prior written consent of the Company. 
  
 15. Inventions. Employee acknowledges and agrees that all inventions,
copyrightable works, trade secrets or other intellectual property produced by Employee are the exclusive property of the Company, are works for hire, and Employee assigns all right, title and interest in the foregoing to the Company. 
  
 16. Non-Compete and Non-Solicitation. In consideration for the amounts
Employee is receiving for Employee’s stock in Fluent in connection with the Business Combination, and for Employee’s opportunity to be employed by the Company, Employee hereby agrees to non-compete and non-solicitation period of five
(5) years following the Fourth Effective Time (“Non-Compete Period”). During the Non-Compete Period, Employee will not: 
  
 (a) solicit business from any current or prospective customer of the Company; 
  
 (b) offer to provide engineering simulation software and
technologies utilized by engineers and designers (“Engineering Simulation Software”) or other products and/or services that are competitive with the products and/or services of the Company, directly or indirectly, whether as
employee, owner, partner, shareholder, co-venturer, consultant, agent or otherwise, work, engage, participate, consult or invest in any business activity anywhere in the world which develops, manufactures or markets products or performs services
that are competitive with the products and/or services of the Company, or products and/or services that the Company has under development or that are subject to active planning at any time during the term of this Agreement, including without
limitation, business activities which compete with the Company’s core business of Engineering Simulation Software (“Competitor”); or 
  
 (c) hire, solicit to hire or otherwise retain any employee of the Company for employment, independent contractor or other consulting work.

  
 Notwithstanding the foregoing, however, Employee understands
that Employee may hold stock in a Competitor if the stock is publicly traded and the amount of stock Employee holds is less than 1% of the outstanding capital stock of the Competitor. Employee understands that the restrictions set forth in this
Section 16 are intended to protect the Company’s interest in 

  

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Confidential Information and established customer and employee relationships and goodwill, and agrees that such restrictions are reasonable and appropriate
for this purpose. Employee acknowledges that the restrictions set forth in this Section 16 do not preclude Employee from finding employment or other gainful economic opportunities in the fields of professional engineering or non-engineering
software. 
  
 17. Employment “At Will”. This
Agreement is not, and shall not be construed as, an agreement to employ Employee for any specific term or period of time. Rather, Employee is an employee “at will” of the Company. As such, Employee may resign employment at any time for any
reason and Company may terminate his employment at any time for any reason. For avoidance of doubt, Employee’s “at will” status shall not diminish the other rights and benefits of Employee pursuant to this Agreement. 
  
 18. Prior Employment Agreement. In connection with and contingent upon
the Business Combination, effective at the Fourth Effective Time: 
  
 (a) the Executive Employment Agreement among Fluent (formerly Fluent Holdings, Inc.) and Employee dated July 1, 2000, as amended May 1, 2004 (the “Prior Employment Agreement”), terminates
and is superceded by this Agreement; and 
  
 (b)
Employee will execute a waiver substantially in the form attached hereto as Exhibit A. 
  
 19. Prevailing Party. In the event of any suit, action or proceeding based upon, arising out of or relating to the breach or enforcement of any of the provisions of this Agreement in which a party hereto
contests any right or interest in this Agreement of any of the other parties hereto, the prevailing party or parties (as determined by the court) in such action or proceeding (including any appellate proceedings therein and related thereto), or the
non-dismissing party in the event of a voluntary dismissal by the party instituting the action, shall be entitled to recover its costs and expenses, including without limitation, attorneys’ fees, reasonably incurred in connection therewith.

  
 20. Entire Agreement and Modification. This Agreement
constitutes the complete agreement between the parties relating to the subject matter hereof and supersedes all prior proposals, agreements, understandings, representations and communications, whether oral or written, with respect to the subject
matter of this Agreement. This Agreement may be modified only by written amendment signed by the parties. 
  
 21. Assignment. Employee will not assign, transfer or subcontract this Agreement or any of his obligations hereunder. 
  
 22. Choice of Law. The rights and obligations of the parties under
this Agreement will be governed by and construed under the laws of the Commonwealth of Pennsylvania without reference to conflict of laws principles. 
  

 6 

 23. Severability. If any provision of this Agreement will be found by any court or administrative
body of competent jurisdiction to be invalid or unenforceable, the invalidity or unenforceability of such provision will not affect the other provisions of this Agreement and all provisions not affected by such invalidity or unenforceability will
remain in full force and effect. The parties hereby agree to attempt to substitute for any invalid or unenforceable provision a valid and enforceable provision which achieves to the greatest extent possible the economic, legal and commercial
objectives of the invalid or unenforceable provision. 
  
 24.
Survival. The provisions of this Agreement which by reasonable interpretation are intended to survive termination of this Agreement, shall survive the termination unless otherwise agreed to by the parties in writing. 
  
 [Signature Page Follows Next] 
  

 7 

 IN WITNESS WHEREOF, and intending to be legally bound, the parties have caused this Agreement to be
executed. 
  

									
	 ANSYS, INC.
	 	 	 	 HASAN FERIT BOYSAN, PH.D.

					
	 By:
	 	 /s/ James E. Cashman III
	 	 	 	 By:
	 	 /s/ Hasan Ferit Boysan

	 Name:
	 	 James E. Cashman III
	 	 	 	 Date:
	 	 February 15, 2006

	 Title:
	 	 President and Chief Executive Officer
	 	 	 	 	 	 
	 Date:
	 	 February 15, 2006
	 	 	 	 	 	 
			
	 FLUENT, INC.
	 	 	 	 
					
	 By:
	 	 /s/ Bharatan R. Patel
	 	 	 	 	 	 
	 Name:
	 	 Bharatan R. Patel, Ph.D.
	 	 	 	 	 	 
	 Title:
	 	 Chief Executive Officer
	 	 	 	 	 	 
	 Date:
	 	 February 15, 2006
	 	 	 	 	 	 

  
 [Signature Page to
Employment Agreement – Hasan Ferit Boyson, Ph.D.]

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