EXHIBIT 99.8
AMENDMENT AGREEMENT NO. 4
TO CREDIT AGREEMENT
This AMENDMENT AGREEMENT NO. 4 (this "Amendment"), made effective as of
March 19, 2002, by and between ASPEN TECHNOLOGY, a Delaware corporation
("Borrower") and FLEET NATIONAL BANK, a national banking association (the
"Bank"), amends the Credit Agreement dated as of October 27, 2000, as amended as
of June 29, 2001, November 2, 2001 and February 6, 2002 (as the same may be
further amended, modified, or supplemented from time to time, the "Credit
Agreement"), by and between the Borrower and the Bank. Capitalized terms used
but not defined herein shall have the meanings set forth for such terms in the
Credit Agreement.
WHEREAS, the Borrower has requested that the Bank agree to amend the
Credit Agreement in certain respects; and
WHEREAS, subject to the terms and provisions hereof, the Bank is willing
to do so;
NOW, THEREFORE, the parties hereto hereby agree as follows:
1. Amendment to Credit Agreement. The definition of "Permitted Restricted
Payments" set forth in Section 1.1 of the Credit Agreement is hereby deleted in
its entirety and replaced with the following:
"Permitted Restricted Payments" shall mean any dividend,
distribution or other payment, or any purchase, redemption or other
acquisition for value of capital stock of the Borrower, pursuant to (i)
Section 3, 9 or 10 of the Certificate of Designations of Series B-I
Convertible Preferred Stock and Series B-II Convertible Preferred Stock
(as amended from time to time, the "Series B Certificate") forming part of
the Certificate of Incorporation, as amended, of the Borrower, (ii)
Section 4.5, 4.9, 4.10, 4.11 or 6.2 of the Amended and Restated Securities
Purchase Agreement, dated as of even date herewith, by and between the
Borrower and the entities listed on the signature pages thereto (as
amended from time to time, the "Purchase Agreement"), (iii) Section 6 or
10(c) of the warrants to purchase common stock (the "Warrants") issued by
the Borrower pursuant to the Purchase Agreement (or any warrant issued
upon the transfer thereof, in connection with a partial exercise thereof
or otherwise as contemplated thereby), (iv) Section 2(e), 2(g), 4 or 5 of
the Amended and Restated Registration Rights Agreement, dated of even date
herewith, by and between the Borrower and the entities listed on the
signature pages thereto (as amended from time to time, the "Rights
Agreement") and (v) Section 3 or 7 of the Certificate of Designations of
Series C Preferred Stock (as amended from time to time, the "Series C
Certificate").
2. Representations and Warranties. The Borrower hereby confirms (a) that
the representations of the Borrower contained in Section 4 of the Credit
Agreement are true and correct on and as of the date hereof as if made on the
date hereof, treating this Amendment, the
Credit Agreement as amended hereby, and the other Loan Document as amended
hereby, as "Loan Documents" for the purposes of making said representations; and
(b) after giving effect to this Amendment, no Default or Event of Default has
occurred and is continuing under the Credit Agreement.
3. Delivery of Documents. Promptly following the date hereof, the Borrower
shall provide to the Bank final definitive copies of the following documents,
bearing signatures where appropriate: (a) the Purchase Agreement, (b) the Series
B Certificate, (c) the Warrants, (d) the Rights Agreement and (e) the Series C
Certificate.
4. Miscellaneous Provisions. Except as otherwise expressly provided by
this Amendment, all of the terms, conditions and provisions of the Credit
Agreement and the other Loan Documents shall remain in full force and effect.
The parties hereto hereby acknowledge and agree that all references to the
Credit Agreement contained in any of the Loan Documents shall be references to
the Credit Agreement as amended hereby and as the same has been or may be
amended, modified, supplemented, or restated from time to time. This Amendment
may be executed in any number of counterparts, but all such counterparts shall
together constitute but one instrument. In making proof of this Amendment it
shall not be necessary to produce or account for more than one counterpart
signed by each party hereto by and against which enforcement hereof is sought.
The Borrower hereby confirms its obligations to pay promptly upon request all
reasonable out-of-pocket costs and expenses incurred or sustained by the Bank in
connection with this Amendment, including the reasonable fees and expenses of
Xxxxxxxx & Worcester LLP.
5. Governing Law. This Amendment shall be construed according to and
governed by the internal laws of The Commonwealth of Massachusetts without
reference to principles of conflicts of law.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as a
sealed instrument as of the date first above written.
ASPEN TECHNOLOGY, INC.
By: /s/ Xxxx X. Xxxxxxx
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Name: Xxxx X. Xxxxxxx
Title: Senior Vice President and
Chief Financial Officer
FLEET NATIONAL BANK
By: /s/ Xxxxxx X Xxxxxxx
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Name: Xxxxxx X. Xxxxxxx
Title: Vice President
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