Document:

Exhibit 10.15(a)

 

FIRST AMENDMENT TO
NON-RECOURSE RECEIVABLES PURCHASE AGREEMENT

 

This First Amendment to Non-Recourse
Receivables Purchase Agreement (this “Amendment”) is entered into as of June 30,
2004, 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, doing business under the name “Silicon Valley East”
(“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 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.  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
Thirty-Five Million Dollars ($35,000,000.00), or (ii) purchase any
Receivables under this Agreement after January 1, 2005.  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 Twelve Thousand Five Hundred Dollars ($12,500.00), 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
LOAN 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.

 

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, doing business 

  as SILICON VALLEY EAST

  
	
   

  	
   

  
	
  By:

  	
   

  	
  /s/
  Charles Kane

  	
   

  	
  By:

  	
   

  	
  /s/
  D. Rench

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  	
  Charles
  Kano

  	
   

  	
  Name:

  	
   

  	
  D.
  Rench

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
   

  	
  SUP–Chief
  Financial Officer

  	
   

  	
  Title:

  	
   

  	
  SUP

  	
   

  
												

 

840584.1

 

 

FIRST AMENDMENT TO
NON-RECOURSE RECEIVABLES PURCHASE AGREEMENT

 

This First Amendment to Non-Recourse
Receivables Purchase Agreement (this “Amendment”) is entered into as of June 30,
2004, 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, doing business under the name “Silicon Valley East”
(“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 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.  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
Thirty-Five Million Dollars ($35,000,000.00), or (ii) purchase any
Receivables under this Agreement after January 1, 2005.  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 Twelve Thousand Five Hundred Dollars ($12,500.00), 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
LOAN 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.

 

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, doing business 

  as SILICON VALLEY EAST

  
	
   

  	
   

  
	
  By:

  	
   

  	
  /s/
  Charles Kane

  	
   

  	
  By:

  	
   

  	
  /s/
  D. Rench

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  	
  Charles
  Kano

  	
   

  	
  Name:

  	
   

  	
  D.
  Rench

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
   

  	
  SUP–Chief
  Financial Officer

  	
   

  	
  Title:

  	
   

  	
  SUP

  	
   

  
												

 

840584.1

 

 

FIRST AMENDMENT TO
NON-RECOURSE RECEIVABLES PURCHASE AGREEMENT

 

This First Amendment to Non-Recourse
Receivables Purchase Agreement (this “Amendment”) is entered into as of June 30,
2004, 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, doing business under the name “Silicon Valley East”
(“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 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.  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
Thirty-Five Million Dollars ($35,000,000.00), or (ii) purchase any
Receivables under this Agreement after January 1, 2005.  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 Twelve Thousand Five Hundred Dollars ($12,500.00), 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
LOAN 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.

 

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, doing business 

  as SILICON VALLEY EAST

  
	
   

  	
   

  
	
  By:

  	
   

  	
  /s/
  Charles Kane

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  	
  Charles
  Kano

  	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
   

  	
  SUP–Chief
  Financial Officer

  	
   

  	
  Title:

  	
   

  	
   

  	
   

  
												

 

840584.1QuickLinks
 -- Click here to rapidly navigate through this document
 

 

 
 

Exhibit 10.45    
    

CONFIDENTIALITY AND NON-COMPETITION AGREEMENT  

        This Confidentiality and Non-Competition Agreement (this "Agreement") is entered into as a condition of employment with Aspen Technology, Inc.
("AspenTech") by                                    ("Employee")
effective as of the first day of Employee's employment by AspenTech. 

        Employee
acknowledges that AspenTech's business depends on the marketing, license and sale of its proprietary products, know-how, services, and information. Employee will be
using this information and, in the course of Employee's work, Employee may develop further information which is important to AspenTech's business. In working with AspenTech's customers, Employee will
also have access to their information which AspenTech is obligated to keep confidential. AspenTech desires to be able to impart confidential information to Employee with the knowledge that the
information will be used solely for AspenTech's benefit and not in competition with, or to the detriment of AspenTech. 

        This
Agreement sets forth the terms of Employee's agreement with respect to the handling of proprietary and confidential information and with respect to non-competition. In
consideration of and as part of the terms of Employee's employment with AspenTech, Employee agrees as follows: 

	1.
	Confidential
Information.    Employee recognizes and acknowledges that Employee will have access to certain confidential information and/or trade
secrets during employment with AspenTech, and agrees that, except as required as part of Employee's work with AspenTech, Employee will maintain confidential all data, trade secrets, processes,
formulae, inventions, specifications, techniques, methods, designs, working papers, notes, computer programs, software packages, test results, technical know-how, technical data, methods
and procedures of operation, customer lists, business or marketing plans, customer lists, proposals, and all other information concerning customers, personnel and financial data, plans, contracts, and
proprietary information of AspenTech or of another person or entity and in AspenTech's possession in connection with its business ("Proprietary Information"). This obligation will continue both during
and after Employee's employment with AspenTech, but does not apply to information which is or becomes public knowledge through no act or omission of Employee.

	2.
	Proprietary
Rights.    All Proprietary Information in any form, whether patentable or copyrightable or not, which Employee generates either
solely or jointly during Employee's employment by AspenTech, excluding information developed outside the scope of employ as approved in writing by Employee's manager, (the "Developments") will be the
sole and exclusive property of AspenTech (and in the case of copyrightable material, will be a "WORK MADE FOR HIRE" by the Employee for AspenTech). Employee will promptly and fully disclose all
Developments to AspenTech and, if deemed necessary by AspenTech and at AspenTech's expense, will execute and deliver such instruments as AspenTech may request to protect its right, title, and interest
in and to any of the Developments.

	3.
	Records
and Equipment.    Immediately upon the termination of Employee's employment, or otherwise on demand by AspenTech, Employee will deliver
to AspenTech all Proprietary Information, including without limitation, papers, photographs, drawings, notes, plans, computer programs, tapes, listings, copies of correspondence, memoranda, reports,
customer lists, addresses, computers and other materials or equipment made or compiled by Employee or made available to Employee during the course of employment. Employee may not retain any copies
without AspenTech's express written permission.

	4.
	Non-Competition
and Non-Solicitation.    In exchange for AspenTech's disclosing Proprietary Information to Employee,
Employee agrees that during the term of Employee's employment and for a period of twelve (12) months following the termination thereof for any reason, Employee will 

1

 

not
compete with AspenTech without AspenTech's written permission, which shall not be unreasonably withheld. For the purposes of this Agreement, "Competing with AspenTech" means 

	4.1.
	during
the term of employment (i) soliciting any employee of AspenTech to leave his or her employment with AspenTech or to breach his or her employment obligations with
AspenTech, or (ii) working for Employee's own account or that of any firm, partnership, or entity, on any project competitive with AspenTech business;

	4.2.
	with
respect to the period before and after termination of employment, (i) directly or through another party soliciting any employee of AspenTech to leave his or her
employment with AspenTech or to breach his or her employment obligations with AspenTech, or (ii) working for Employee's own account or that of any firm, partnership, or entity, on any project
substantially similar to or competitive with a project on which Employee worked while at AspenTech, or (iii) soliciting AspenTech's customers with whom Employee has dealt during the last twelve
months of Employee's employment with AspenTech, either (a) to cease to do business with AspenTech, or (b) to do business with any other firm, partnership, or entity, in actual or
proposed competition with AspenTech. 

It
is understood that, except as specifically set forth herein, this Agreement does not restrict Employee in the exercise of his or her technical skill subsequent to his or her employment with
AspenTech, provided that the exercise of such skill does not involve the disclosure to others of Proprietary Information or the use by the Employee of such Proprietary Information for Employee's
benefit, or on behalf of others. 

	5.
	Term.    This
Agreement will take effect on the first day of Employee's employment by AspenTech and will continue in full force and effect if
Employee's relationship becomes that of a consultant rather than an employee, and shall continue, with respect to Employee's obligations of confidentiality hereunder and Employee's obligations set
forth in paragraph 4.2 on Non-Competition and Non-Solicitation, after termination of employment and termination of any consulting relationship. In the event Employee is
retained as a consultant, all reference in this Agreement to termination of employment will be construed to mean termination of the consulting relationship.

	6.
	Severability;
Breach.    If any provision of this Agreement is found to be void or is so declared by a court of competent jurisdiction, such
provision shall be severed from this Agreement, which shall otherwise remain in full force and effect. For violations of this Agreement, Employee understands and agrees that AspenTech shall be
entitled to injunctive or other equitable relief as well as the right to recover any damages incurred as a result of such violations. 

Please
sign where indicated below, upon which this Agreement will be a binding agreement under seal, governed by Massachusetts law. 

EMPLOYEE:

	Signature:	    
	 
	

Printed name:	

    
	

 
	

Date:	

    
	

 

2

QuickLinks

Exhibit 10.45

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]