EX-10.14





 Exhibit 10.14 

EMPLOYMENT AND RESTRICTIVE COVENANTS AGREEMENT 

This Employment and Restrictive Covenants Agreement (the “Agreement”) is made effective immediately following
consummation of the Transaction (as such term is defined in your employment letter, to which this Employment and Restrictive Covenants Agreement is Exhibit A, the “Employment Letter”) (the “Effective
Date”), by and between Black Mountain Systems, LLC (together with its affiliates and related companies, hereafter referenced as “Company”) and Reinaldo Acosta (hereafter referenced as
“Employee”). If the Transaction is not consummated for any reason, this Agreement shall automatically terminate. 

1. PURPOSE. In connection with Employee’s employment by the Company (the “Employment”), Employee
and the Company wish to set forth the terms and conditions under which Employee will be employed by the Company, and certain restrictions applicable to Employee as a result of the Employment with the Company. This Agreement is intended: to allow the
parties to engage in the Employment, with the Company giving Employee access to the Company’s customers, employees, and Confidential Information (as that term is defined below); to protect the Company’s business, information, and
relationships against unauthorized competition, solicitation, recruitment, use, or disclosure; and to clarify Employee’s legal rights and obligations. 

2. THE BUSINESS OF THE COMPANY. The Company is engaged in the business of design, development, sales, licensing, marketing, or
provision of information management services and software and/or the provision of related products, services and solutions to asset managers and financial institution clients (collectively, with any other business of the Company, the
“Business” of the Company). Employee acknowledges that the Company has a legitimate interest in protecting its Confidential Information, trade secrets, customer relationships, customer goodwill, employee relationships, and
the special investment and training given to Employee. 
 3. EMPLOYMENT TERM & POSITION. The Company hereby employs
Employee, and the Employee hereby accept employment with the Company, all in accordance with the terms and conditions set forth herein and in the Employment Letter, for a period of three years (the “Initial Term”) commencing as of
the Effective Date and ending three (3) years after the Effective Date. After the Initial Term, the Employment Letter (including this Agreement) shall automatically renew for successive one-year terms
under the same terms and conditions set forth herein unless: (a) the Agreement is earlier terminated or amended as provided herein, or (b) the Company or Executive gives written notice of non-renewal
at least sixty (60) days prior to the end of the Initial Term or any renewal term of this Agreement. If the Company gives notice later than sixty (60) days prior to the end of the contract term, then the term of this Agreement shall be
extended until the date which is sixty (60) days after the date such notice is given, during which time the Employee may seek alternative employment while still being employed by the Company. Notwithstanding any other provisions in this
Agreement or any exhibit hereto, Executive or the Company may terminate your employment with the Company at any time and for any reason or no reason by giving notice in writing to the other party; provided that Executive shall give the Company
notice of not less than four (4) weeks, unless otherwise agreed to in writing by Executive and the Company. The other terms and conditions of employment are set forth in the Employment Letter. 

Employee acknowledges that but for Employee’s execution of this Agreement, Employee would not be employed by the Company. 













	 	a.	 Employee acknowledges that Employee’s duties shall entail Employee’s contact with the Company’s
customers to whom Employee is introduced, to which Employee is assigned, whose accounts Employee shall oversee, or for which Employee otherwise is directly or indirectly responsible. Employee further acknowledges that Employee will be given the use
of the Company’s Confidential Information. Employee acknowledges that the Company’s goodwill with its customers and customer prospects, as well as the Company’s Confidential Information, are among the most valuable assets of the
Company’s Business. Accordingly, Employee hereby agrees, acknowledges, covenants, represents and warrants that at all times during Employee’s employment with the Company, Employee will faithfully perform Employee’s duties with the
utmost loyalty to the Company, and will owe a fiduciary duty and duty of loyalty to the Company. Employee agrees that during employment, Employee will do nothing disloyal or adverse to the Company or the Company’s Business, or which creates any
conflict of interest with the Company or the Business of the Company. Employee will abide by the written policies of the Company at all times during Employee’s employment, and acknowledges that the Company may unilaterally change its policies,
practices, and procedures at any time, at the sole discretion of the Company and employees will be notified of any amendments to such policies, practices and procedures or such amendments will be made available to employees. Employee understands and
acknowledges that all equipment, communication devices, physical property, documents, information, data bases, furniture, accessories, premises, and any other items provided to Employee while employed by Company, shall at all times remain the sole
property of the Company, and as such, Employee shall have no reasonable expectation of privacy when using such items. 


  

	 	b.	 Employee acknowledges that Employee will be afforded an investment of time, training, money, trust, exposure to
the public, or exposure to customers, vendors, suppliers, investors, joint venture partners, or other business relationships of the Company during the course of the Employment, and Employee’s position gives Employee a high level of influence or
credibility with the Company’s customers, vendors, suppliers, or other business relationships. Employee understands and acknowledges that Employee will possess specialized skills, learning, abilities, customer contacts, or customer information
by reason of working for the Company. 


  

	 	c.	 Employee acknowledges that, through Employee’s employment with the Company, Employee may customarily and
regularly solicit customers and/or prospective customers for the Company, and/or engage in making sales or obtaining orders or contracts for products or services. 



 

	 	d.	 Employee understands that the Company has specifically instructed him to refrain from bringing to the Company
any documents or materials or intangibles of a former employer or third party that are not in the public domain, or have not been legally transferred or licensed to the Company, or that might constitute the confidential information or trade secrets
of a prior employer. Employee agrees that when performing duties on behalf of the Company, he will not breach any invention assignment, proprietary information, confidentiality, noncompetition, nonsolicitation or other similar agreement with any
former employer or other party. 


 4. DUTY OF LOYALTY. Employee understands that his employment and
provision of services on behalf of the Company requires Employee’s undivided attention and effort. Accordingly, during 

  
 Page 2 of 17 













 Employee’s employment, Employee agrees that he will not, without the Company’s express prior
written consent, (i) engage in any other business activity, unless such activity is for passive investment purposes not otherwise prohibited by this Agreement and will not require Employee to render any services, (ii) be engaged or
interested, directly or indirectly, alone or with others, in any trade, business or occupation in competition with the Company, (iii) take steps, alone or with others, to engage in competition with the Company in the future, or
(iv) appropriate for Employee’s own benefit business opportunities pertaining to the Company’s Business, in each case, except to the extent permitted by Section 8 hereof. 

5. INVENTIONS 
  

	 	a.	 Prior Inventions. Attached hereto as Schedule 1 is a complete and accurate list describing all
Inventions (as defined below) which were conceived, discovered, created, invented, developed and/or reduced to practice by Employee prior to the commencement of his Employment that have not been legally assigned or licensed to the Company
(collectively: “Prior Inventions”). If there are no such Prior Inventions, Employee shall initial Schedule 1 to indicate Employee has no Prior Inventions to disclose. 



Employee acknowledges and agrees that if in the course of Employee’s employment, Employee incorporates or causes to be incorporated into
a Company product, service, process, file, system, application or program a Prior Invention, Employee will grant the Company a non-exclusive, royalty-free, irrevocable, perpetual, worldwide, sublicensable and
assignable license to make, have made, copy, modify, make derivative works of, use, offer to sell, sell or otherwise distribute such Prior Invention as part of or in connection with such product, process, file, system, application or program. 

 

	 	b.	 Disclosure and Assignment of Inventions. Employee agrees to promptly disclose to the Company in writing
all Inventions (as defined below) that Employee conceives, develops and/or first reduces to practice or create, either alone or jointly with others, during the period of Employee’s Employment, and for a period of three (3) months
thereafter, whether or not in the course of Employee’s Employment. Employee further assigns and agrees to assign all of Employee’s rights, title and interest in the Inventions to the Company. In the event that the Company is unable for any
reason to secure Employee’s signature to any document required to file, prosecute, register or memorialize the ownership and/or assignment of any Invention, Employee hereby irrevocably designates and appoints the Company’s duly authorized
officers and agents as Employee’s agents and attorneys-in-fact to act for and on Employee’s behalf and stead to (i) execute, file, prosecute, register
and/or memorialize the assignment and/or ownership of any Invention; (ii) to execute and file any documentation required for such enforcement and (iii) do all other lawfully permitted acts to further the filing, prosecution, registration,
memorialization of assignment and/or ownership of, issuance of and enforcement of any Inventions, all with the same legal force and effect as if executed by Employee. 



Employee acknowledges that he is not entitled to use the Inventions for Employee’s own benefit or the benefit of anyone except the
Company without written permission 

  
 Page 3 of 17 













 
from the Company, and then only subject to the terms of such permission. Employee further agrees that Employee will communicate to the Company, as directed by the Company, any facts known to
Employee and testify in any legal proceedings, sign all lawful papers, make all rightful oaths, execute all divisionals, continuations, continuations-in-part, foreign
counterparts, or reissue applications, all assignments, all registration applications and all other instruments or papers to carry into full force and effect, the assignment, transfer and conveyance hereby made or to be made and generally do
everything possible for title to the Inventions to be clearly and exclusively held by the Company as directed by the Company. 
 For
purposes of this Agreement, “Inventions” means, without limitation, any and all formulas, algorithms, processes, techniques, concepts, designs, developments, technology, ideas, patentable and unpatentable inventions and discoveries,
copyrights and works of authorship in any media now known or hereafter invented (including computer programs, source code, object code, hardware, firmware, software, mask work, applications, files, internet site content, databases and compilations,
documentation and related items) patents, trade and service marks, logos, trade dress, corporate names and other source indicators and the good will of any business symbolized thereby, trade secrets, know-how,
confidential and proprietary information, documents, analyses, research and lists (including current and potential customer and user lists) and all applications and registrations and recordings, improvements and licenses that (i) relate in any
manner, whether at the time of conception, design or reduction to practice, to the Company’s Business or its actual or demonstrably anticipated research or development; (ii) result from any work performed by Employee on behalf of the
Company; or (iii) result from the use of the Company’s equipment, supplies, facilities, Confidential Information or Trade Secrets. 

Employee recognizes that Inventions or proprietary information relating to Employee’s activities while working for the Company, and
conceived, reduced to practice, created, derived, developed, or made by Employee, alone or with others, within three (3) months after termination of Employee’s employment may have been conceived, reduced to practice, created, derived,
developed, or made, as applicable, in significant part while Employee was employed by the Company. Accordingly, Employee agrees that such Inventions and proprietary information shall be presumed to have been conceived, reduced to practice, created,
derived, developed, or made, as applicable, during Employee’s employment with the Company and are to be assigned to the Company pursuant to this Agreement and applicable law unless and until Employee has established the contrary by clear and
convincing evidence. 
  

	 	c.	 Work for Hire. Employee acknowledges and agrees that any copyrightable works prepared by Employee within
the scope of Employee’s employment are “works made for hire” under the Copyright Act and that the Company will be considered the author and owner of such copyrightable works. Any copyrightable works the Company specially commissions
from Employee while Employee is employed also shall be deemed a work made for hire under the Copyright Act and if for any reason such work cannot be so designated as a work made for hire, Employee agrees to and hereby assigns to the Company, as
directed by the Company, all right, title and interest in and 



  
 Page 4 of 17 














	 	
to said work(s). Employee further agrees to and hereby grants the Company, as directed by the Company, a non-exclusive, royalty-free, irrevocable,
perpetual, worldwide, sublicensable and assignable license to make, have made, copy, modify, make derivative works of, use, publicly perform, display or otherwise distribute any copyrightable works Employee creates during Employee’s Employment.


  

	 	d.	 Assignment of Other Rights. In addition to the foregoing assignment of Inventions to the Company,
Employee hereby irrevocably transfers and assigns to the Company: (i) all worldwide patents, patent applications, copyrights, mask works, trade secrets and other intellectual property rights in any Inventions; and (ii) any and all “Moral
Rights” (as defined below) that Employee may have in or with respect to any Inventions. Employee also hereby forever waives and agrees never to assert any and all Moral Rights Employee may have in or with respect to any Inventions, even after
termination of Employee’s work on behalf of the Company. “Moral Rights” mean any rights to claim authorship of any Inventions, to object to or prevent the modification of any Inventions, or to withdraw from circulation or control the
publication or distribution of any Inventions, and any similar right, existing under applicable judicial or statutory law of any country in the world, or under any treaty, regardless of whether or not such right is denominated or generally referred
to as a “moral right.” 


  

	 	e.	 Applicability to Past Activities. To the extent Employee has been engaged to provide services by the
Company or its predecessor for a period of time before the effective date of this Agreement (the “Prior Engagement Period”), Employee agrees that if and to the extent that, during the Prior Engagement Period: (i) Employee received
access to any information from or on behalf of the Company that would have been proprietary information if Employee had received access to such information during the period of Employee’s Employment with the Company under this Agreement; or
(ii) Employee conceived, created, authored, invented, developed or reduced to practice any item, including any intellectual property rights with respect thereto, that would have been an Invention if conceived, created, authored, invented,
developed or reduced to practice during the period of Employee’s Employment with the Company under this Agreement; then any such information shall be deemed proprietary information hereunder and any such item shall be deemed an Invention
hereunder, and this Agreement shall apply to such information or item as if conceived, created, authored, invented, developed or reduced to practice under this Agreement. 



6. NONDISCLOSURE AGREEMENT. 
  

	 	a.	 Employee expressly agrees that, throughout the term of Employee’s Employment with the Company and at all
times following the termination of Employee’s Employment from the Company, for so long as the information remains confidential, Employee will not use or disclose any Confidential Information disclosed to Employee by the Company, other than for
the purpose to carry out the Employment for the benefit of the Company (but in all cases preserving confidentiality by following the Company’s policies and obtaining appropriate non-disclosure
agreements). Employee shall not, directly or indirectly, use or disclose any Confidential Information to third parties, nor 



  
 Page 5 of 17 














	 	
permit the use by or disclosure of Confidential Information by third parties. Employee agrees to take all reasonable measures to protect the secrecy of and avoid disclosure or use of Confidential
Information in order to prevent it from falling into the public domain or into the possession of any Competing Business or any persons other than those persons authorized under this Agreement to have such information for the benefit of the Company.
Employee agrees to notify the Company in writing of any actual or suspected misuse, misappropriation, or unauthorized disclosure of Confidential Information that may come to Employee’s attention. Employee acknowledges that if Employee discloses
or uses knowledge of the Company’s Confidential Information to gain an advantage for Employee, for any Competing Business, or for any other person or entity other than the Company, such an advantage so obtained would be unfair and detrimental
to the Company. 

  

	 	b.	 Employee expressly agrees that Employee’s duty of non-use and non-disclosure shall continue indefinitely for any information of the Company that constitutes a Trade Secret under applicable law, so long as such information remains a Trade Secret. 



 

	 	c.	 Employee shall not be held criminally or civilly liable under any Federal or State trade secret law for the
disclosure of a trade secret that—(A) is made—(i) in confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or
investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. 



 

	 	d.	 Nothing in this Agreement is intended to conflict with 18 U.S.C. § 1833(b) or create liability for
disclosures of trade secrets that are expressly allowed by 18 U.S.C. § 1833(b). Accordingly, the parties to this Agreement have the right to disclose in confidence trade secrets to federal, state, and local government officials, or to an
attorney, for the sole purpose of reporting or investigating a suspected violation of law. The parties also have the right to disclose trade secrets in a document filed in a lawsuit or other proceeding, but only if the filing is made under seal and
protected from public disclosure. 


  

	 	e.	 Nothing in this agreement prohibits Employee from reporting possible violations of federal law or regulation
to any governmental agency or entity including, but not limited to, the Department of Justice, the Securities and Exchange Commission, Congress, and any agency Inspector General, or from making other disclosures that are protected under the
whistleblower provisions of federal law or regulation. Employee does not need the prior authorization of his supervisor or anyone else affiliated with the Company to make any such reports or disclosures, and he is not required to notify his
supervisor or anyone else affiliated with the Company that he has made such reports or disclosures. 


 7. RETURN
OF COMPANY PROPERTY AND MATERIALS. Any Confidential Information, trade secrets, materials, equipment, information, documents, electronic data, or other items that have been furnished by the Company to Employee in connection with the
Employment are the exclusive property of the Company and shall be promptly returned to the Company by Employee, accompanied by all 

  
 Page 6 of 17 













 
copies of such documentation, immediately when the Employment has been terminated or concluded, or otherwise upon the written request of the Company. Employee shall not retain any copies of any
Company information or other property after the Employment ends, and shall cooperate with the Company to ensure that all copies, both written and electronic, are immediately returned to the Company. Employee shall cooperate with Company
representatives and allow such representatives to oversee the process of erasing and/or permanently removing any such Confidential Information or other property of the Company from any computer, personal digital assistant, phone, or other electronic
device, or any cloud-based storage account or other electronic medium owned or controlled by Employee. 
 8. LIMITED NONCOMPETE
AGREEMENT. Employee expressly agrees that Employee will not (either directly or indirectly, by assisting or acting in concert with others) Compete with the Company during the Restricted Period within the Restricted Territory. Notwithstanding
the foregoing, nothing herein shall prohibit Employee or any of Employee’s affiliates from being a passive owner of not more than one percent (1%) of the outstanding stock of any class of securities of a publicly-traded corporation that is a
Competing Business, so long as Employee or such affiliate has no active participation in the business of such corporation. 
 9.
NONSOLICITATION OF CUSTOMERS/PROSPECTIVE CUSTOMERS. Employee expressly agrees that during the Restricted Period, Employee will not (either directly or indirectly, by assisting or acting in concert with others), on behalf of himself or
any other person, business, entity, including but not limited to on behalf of a Competing Business, call upon, solicit, or attempt to call upon or solicit any business from any Customer or Prospective Customer for the purpose of providing services
substantially similar to the Services. 
 10. NONRECRUITMENT OF EMPLOYEES. Employee expressly agrees that during the
Restricted Period, Employee will not, on behalf of himself or any other person, business, or entity (either directly or indirectly, by assisting or acting in concert with others), solicit, recruit, or encourage, or attempt to solicit, recruit, or
encourage any of the Company’s employees, in an effort to hire such employees away from the Company, or to encourage any of the Company’s employees to leave employment with the Company to work for a Competing Business. Notwithstanding the
foregoing, nothing in this Agreement shall prohibit Employee from making a general, public solicitation for employment, or using an employee recruiting or search firm to conduct a search that does not specifically target employees of the Company.

 11. REMEDIES. Employee agrees that the obligations set forth in this Agreement are necessary and reasonable in order to
protect the Company’s legitimate business interests and (without limiting the foregoing) that the obligations set forth in Sections 8, 9 and 10 are necessary and reasonable in order to protect the Company’s legitimate business interests in
protecting its Confidential Information, Trade Secrets, customer and employee relationships and the goodwill associated therewith. Employee expressly agrees that due to the unique nature of the Company’s Confidential Information, and its
relationships with its Customers and other employees, monetary damages would be inadequate to compensate the Company for any breach by Employee of the covenants and agreements set forth in this Agreement. Accordingly, Employee agrees and
acknowledges that any such violation or threatened violation shall cause irreparable injury to the Company and that, in addition to any other remedies that may be available in law, in equity, or otherwise, the Company shall be entitled: (a) to
obtain injunctive relief against the threatened breach of this Agreement or the continuation of any such breach by Employee, without the necessity of proving actual damages; and; and (b) to recover any costs or attorneys’ fees, arising out
of or in connection with any breach by Employee or enforcement action relating to Employee’s obligations under this Agreement. 

  
 Page 7 of 17 













 12. INJUNCTIVE RELIEF; TOLLING. Notwithstanding the arbitration provisions
contained herein, or anything else to the contrary in this Agreement, Employee understands that the violation of any restrictive covenants of this Agreement may result in irreparable and continuing damage to the Company for which monetary damages
will not be sufficient, and agrees that Company will be entitled to seek, in addition to its other rights and remedies hereunder or at law and both before or while an arbitration is pending between the parties under this Agreement, a temporary
restraining order, preliminary injunction or similar injunctive relief from a court of competent jurisdiction in order to preserve the status quo or prevent irreparable injury pending the full and final resolution of the dispute through arbitration,
without the necessity of showing any actual damages or that monetary damages would not afford an adequate remedy, and without the necessity of posting any bond or other security. The aforementioned injunctive relief shall be in addition to, not in
lieu of, legal remedies, monetary damages or other available forms of relief through arbitration proceedings. This Section shall not be construed to limit the obligation for either party to pursue arbitration. The Restricted Period as defined in
this Agreement may be extended during the pendency of any litigation (including appeals) or arbitration proceeding, in order to give the Company the full protection of the restrictive covenants as described in this Agreement. 

13. DEFINITIONS. For all purposes throughout this Agreement, the terms defined below shall have the respective meanings
specified in this section. 
  

	 	a.	 “Customer” of the Company shall mean any business or entity with which Employee had Material
Contact, for the purpose of providing Services, during the twelve (12) months preceding Employee’s termination date. 


  

	 	b.	 “Compete” shall mean to provide Competitive Services in a capacity that is the same or similar
to the work Employee has performed for the Company, whether Employee is acting on behalf of himself, or in conjunction with or in concert with any other entity, person, or business, including activities performed while working for or on behalf of a
Customer. 


  

	 	c.	 “Competitive Services” shall mean the business of the Company, including the design,
development, sales, licensing, marketing, or provision of information management services and software and/or the provision of related products, services and solutions to asset managers and financial institution clients, and any other services of
the type or similar to the type provided, conducted, authorized, or offered by the Company or any predecessor within the two (2) years prior to the termination of your employment. 



 

	 	d.	 “Competing Business” shall mean any entity, including but not limited to any person, company,
partnership, corporation, limited liability company, association, organization or other entity that provides Competitive Services. 


  

	 	e.	 “Confidential Information” shall mean sensitive business information having actual or
potential value to the Company or its affiliates because it is not generally known to the general public or ascertainable by a Competing Business, and which has been disclosed to Employee, or of which Employee will become aware, as a consequence of
the Employment with the Company, including any information related to: the Company’s investment strategies, management planning information, business plans, operational methods, market studies, marketing plans or strategies, patent information,
business acquisition plans, past, current and planned research and development, formulas, methods, patterns, processes, procedures, 



  
 Page 8 of 17 














	 	
instructions, designs, inventions, operations, engineering, services, drawings, equipment, devices, technology, software systems, price lists, sales reports and records, sales books and manuals,
code books, financial information and projections, personnel data, names of customers, customer lists and contact information, customer pricing and purchasing information, lists of targeted prospective customers, supplier lists, product/service and
marketing data and programs, product/service plans, product development, advertising campaigns, new product designs or roll out, agreements with third parties, or any such similar information. Confidential Information shall also include the track
record and investment performance of Vista Equity Partners and its affiliated investment funds, as well as any information disclosed to the Company by a third party (including, but not limited to, current or prospective customers) that the Company
is obliged to treat as confidential. Confidential Information may be in written or non-written form, as well as information held on electronic media or networks, magnetic storage, cloud storage service, or
other similar media. The Company has invested and will continue to invest extensive time, resources, talent, and effort to develop its Confidential Information, all of which generates goodwill for the Company. Employee acknowledges that the Company
has taken reasonable and adequate steps to control access to the Confidential Information and to prevent unauthorized disclosure, which could cause injury to the Company. This definition shall not limit any broader definition of “confidential
information” or any equivalent term under applicable state or federal law. “Confidential Information” shall not be deemed to include information (i) that is or becomes publicly known, other than as a result of a breach of this
Agreement, (ii) that has been made available after the date hereof to Employee on a non-confidential basis from a source other than the Company without, to Employee’s knowledge after reasonable
inquiry, being subject to any contractual or other obligation of confidentiality to the Company, or (iii) that can be demonstrated to have been independently developed by or on behalf of Employee without use of, reference to or reliance upon
any information which would otherwise constitute Confidential Information. 

  

	 	f.	 “Material Contact” shall mean actual contact between Employee and a Customer with whom
Employee dealt on behalf of the Company; or whose dealings with the Company were coordinated or supervised by Employee; or who received goods or services from the Company that resulted in payment of commissions or other compensation to Employee; or
about whom Employee obtained Confidential Information because of Employee’s Employment with the Company; or whom employee contacted with the intent of establishing or strengthening a business or professional relationship for the Company.



  

	 	g.	 “Prospective Customer” shall mean any business or entity with whom Employee had Material
Contact, for the purpose of attempting to sell or provide Services, and to whom Employee provided a bid, quote for Services, or other Confidential Information of the Company, during the twelve (12) months preceding Employee’s termination
date. 


  

	 	h.	 “Restricted Period” shall mean the entire term of Employee’s employment with the Company
and a one (1) year period immediately following the termination of Employee’s employment, unless otherwise delineated or described in the “end notes and exceptions” at the end of this Agreement. 



  
 Page 9 of 17 














	 	i.	 “Restricted Territory” shall mean the geographic area (states and localities) in which or with
respect to which in which both (a) the Company sells or markets its products or services and (b) Employee had responsibilities, client contact, provided any Services or performed operations or had access to Confidential information
pertaining specifically to the Company’s business in such areas as of the date of termination or during the twelve (12) months preceding Employee’s termination date. 



 

	 	j.	 “Trade Secrets” shall mean the business information of the Company that is competitively
sensitive and which qualifies for trade secrets protection under applicable trade secrets laws, including but not limited to the Defend Trade Secrets Act. This definition shall not limit any broader definition of “trade secret” or any
equivalent term under any applicable local, state or federal law. 


  

	 	k.	 “Services” shall mean the types of work product, processes and work-related activities
relating to the Business of the Company performed by Employee during the Employment. 


 14. MANDATORY ARBITRATION
CLAUSE; NO JURY TRIAL. A Party may bring an action in court to obtain a temporary restraining order, injunction, or other equitable relief available in response to any violation or threatened violation of the restrictive covenants set forth
in this Agreement. Otherwise, Employee expressly agrees and acknowledges that the Company and Employee will utilize binding arbitration to resolve all disputes that may arise out of the employment context. 

 

	 	a.	 Both the Company and Employee hereby agree that any claim, dispute, and/or controversy that Employee may have
against the Company (or its owners, directors, officers, managers, employees, agents, insurers and parties affiliated with its employee benefit and health plans), or that the Company may have against Employee, arising from, related to, or having any
relationship or connection whatsoever to the Employment, shall be submitted to and determined exclusively by binding arbitration under the Federal Arbitration Act (9 U.S.C. §§ 1, et seq.) in conformity with the Federal Rules of
Civil Procedure. Included within the scope of this Agreement are all disputes including, but not limited to, any claims alleging employment discrimination, harassment, hostile environment, retaliation, whistleblower protection, wrongful discharge,
constructive discharge, failure to grant leave, failure to reinstate, failure to accommodate, tortious conduct, breach of contract, and/or any other claims Employee may have against the Company for any exemption misclassification, unpaid wages or
overtime pay, benefits, payments, bonuses, commissions, vacation pay, leave pay, workforce reduction payments, costs or expenses, emotional distress, pain and suffering, or other alleged damages arising out of the Employment or termination. Also
included are any claims based on or arising under Title VII, 42 USC Section 1981, the Age Discrimination in Employment Act, the Americans with Disabilities Act, the Family and Medical Leave Act, the Fair Labor Standards Act, Sarbanes- Oxley,
all as amended, or any other state or federal law or regulation, equitable law, or otherwise relating in any way to the employment relationship. 


  

	 	b.	 Nothing herein, however, shall prevent Employee from filing and pursuing proceedings before the United States
Equal Employment Opportunity Commission or similar state agency (although if Employee chooses to pursue any type of claim for 



  
 Page 10 of 17 














	 	
relief following the exhaustion of such administrative remedies, such claim would be subject to resolution under these mandatory arbitration provisions). In addition, nothing herein shall prevent
Employee from filing an administrative claim for unemployment benefits or workers’ compensation benefits. 

  

	 	c.	 Nothing in the confidentiality or nondisclosure or other provisions of this Agreement shall be construed to
limit Employee’s right to respond accurately and fully to any question, inquiry or request for information when required by legal process or from initiating communications directly with, or responding to any inquiry from, or providing testimony
before, any self-regulatory organization or state or federal regulatory authority, regarding the Company, Employee’s Employment, or this Agreement. Employee is not required to contact the Company regarding the subject matter of any such
communications before engaging in such communications. Employee also understands that Employee shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that: (1) is made
(a) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney, and (b) solely for the purpose of reporting or investigating a suspected violation of law; or (2) is made in a
complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. Employee also understands that disclosure of trade secrets to attorneys, in legal proceedings if disclosed under seal, or pursuant to court order
is also protected under 18 U.S. Code §1833 when disclosure is made in connection with a retaliation lawsuit based on the reporting of a suspected violation of law. 



 

	 	d.	 In addition to any other requirements imposed by law, the arbitrator selected shall be a qualified individual
mutually selected by the Parties, and shall be subject to disqualification on the same grounds as would apply to a judge. All rules of pleading, all rules of evidence, all statutes of limitations, all rights to resolution of the dispute by means of
motions for summary judgment, and judgment on the pleadings shall apply and be observed. Resolution of the dispute shall be based solely upon the law governing the claims and defenses pleaded, and the arbitrator may not invoke any basis (including
but not limited to, notions of “just cause”) other than such controlling law. Likewise, all communications during or in connection with the arbitration proceedings are privileged. The arbitrator shall have the authority to award
appropriate substantive relief under relevant laws, including the damages, costs and attorneys’ fees that would be available under such laws. 


  

	 	e.	 Employee’s initial share of the arbitration fee shall be in an amount equal to the filing fee as would be
applicable in a court proceeding, or $100, whichever is less. Beyond the arbitration filing fee, Employer will bear all other fees, expenses and charges of the arbitrator. 



 

	 	f.	 Employee understands and agrees that all claims against the Company must be brought in Employee’s
individual capacity and not as a plaintiff or class member in any purported class or representative proceeding. Employee understands that there is no right or authority for any dispute to be heard or arbitrated on a collective action
basis, class action basis, as a private attorney general, or on bases involving claims or 



  
 Page 11 of 17 














	 	
disputes brought in a representative capacity on behalf of the general public, on behalf of other Company employees (or any of them) or on behalf of other persons alleged to be similarly
situated. Employee understands that there are no bench or jury trials and no class actions or representative actions permitted under this Agreement. The Arbitrator shall not consolidate claims of different employees into one proceeding, nor shall
the Arbitrator have the power to hear an arbitration as a class action, collective action, or representative action. The interpretation of this subsection shall be decided by a judge, not the Arbitrator. 


 

	 	g.	 Procedure. Employee and Company agree that prior to the service of an Arbitration Demand, the parties shall
negotiate in good faith for a period of thirty (30) days in an effort to resolve any arbitrable dispute privately, amicably and confidentially. To commence an arbitration pursuant to this Agreement, a party shall serve a written arbitration
demand (the “Demand”) on the other party by hand delivery or via overnight delivery service (in a manner that provides proof of receipt by respondent). The Demand shall be served before expiration of the applicable statute of
limitations. The Demand shall describe the arbitrable dispute in sufficient detail to advise the respondent of the nature and basis of the dispute, state the date on which the dispute first arose, list the names and addresses of every person whom
the claimant believes does or may have information relating to the dispute, including a short description of the matter(s) about which each person is believed to have knowledge, and state with particularity the relief requested by the claimant,
including a specific monetary amount, if the claimant seeks a monetary award of any kind. If respondent does not provide a written Response to the Demand, all allegations will be considered denied. The parties shall confer in good faith to attempt
to agree upon a suitable arbitrator, and if unable to do so, they will select an arbitrator from the American Arbitration Association (“AAA”)’s employment arbitration panel for the area. The arbitrator shall allow
limited discovery, as appropriate in his or her discretion. The arbitrator’s award shall include a written reasoned opinion. 


  

	 	h.	 Employee understands, agrees, and consents to this binding arbitration provision, and Employee and the
Company hereby each expressly waive the right to trial by jury of any claims arising out of Employment with the Company. By initialing below, Employee acknowledges that Employee has read, understands, agrees and consents to the binding
arbitration provision, including the class action waiver. Employee’s Initials: /s/ RA 



15. [RESERVED] 
 16. NON-DISPARAGEMENT. During and after Employee’s Employment with the Company, except to the extent compelled or required by law, Employee agrees he shall not disparage the Company, its customers and
suppliers or their respective officers, directors, agents, servants, employees, attorneys, shareholders, successors or assigns or their respective products or services, in any manner (including but not limited to, verbally or via hard copy,
websites, blogs, social media forums or any other medium); provided, however, that nothing in this Section shall prevent Employee from: engaging in concerted activity relative to the terms and conditions of Employee’s Employment and in
communications protected under the National Labor Relations Act, filing a charge or providing information to any governmental agency, or from providing 

  
 Page 12 of 17 













 
information in response to a subpoena or other enforceable legal process or as otherwise required by law. Likewise, these non-disparagement obligations, do
not limit Employee’s ability to truthfully communicate with any administrative agency including the Equal Employment Opportunity Commission (EEOC), Department of Labor (DOL), National Labor Relations Board (NLRB), the Financial Industry
Regulatory Authority (FINRA), or the U.S. Securities and Exchange Commission (SEC) and comparable state or local agencies or departments whether such communication is initiated by Employee or in response to the government. 

17. NOTIFICATION OF NEW EMPLOYER. Before Employee accepts Employment or enters into any consulting, independent contractor, or
other professional or business engagement with any other person or entity while any of the provisions of Sections 8, 9 or 10 of this Agreement are in effect, Employee will provide such person or entity with written notice of the provisions of
Sections 8, 9 and/or 10 and will deliver a copy of that notice to the Company. Employee hereby consents to the Company’s notifying Employee’s new employer about Employee’s responsibilities, restrictions and obligations under this
Agreement. 
 18. WITHHOLDING. To the extent allowed by applicable law, Employee agrees to allow Company to deduct from the
final paycheck(s) any amounts due as a result of the Employment, including, but not limited to, any expense advances or business charges incurred on behalf of the Company, and charges for property damaged or not returned when requested. Employee
agrees to execute any authorization form as may be provided by Company to effectuate this provision. 
 19. NO RIGHTS GRANTED.
Nothing in this Agreement shall be construed as granting to Employee any rights under any patent, copyright, or other intellectual property right of the Company, nor shall this Agreement grant Employee any rights in or to Confidential
Information of the Company other than the limited right to review and use such Confidential Information solely for the purpose of participating in the Employment for the benefit of the Company. 

20. SUCCESSORS AND ASSIGNS. This Agreement will be binding upon Employee’s heirs, executors, administrators and other legal
representatives and will be for the benefit of the Company, its successors, its assigns and licensees. This Agreement, and Employee’s rights and obligations hereunder, may not be assigned by Employee; however, the Company may assign its rights
hereunder without Employee’s consent, whether in connection with any sale, transfer or other disposition of any or all of its business or assets or otherwise. 

21. SEVERABILITY AND REFORMATION. Employee and the Company agree that if any particular paragraphs, subparagraphs,
phrases, words, or other portions of this Agreement are determined by an appropriate court, arbitrator, or other tribunal to be invalid or unenforceable as written, they shall be modified as necessary to comport with the reasonable intent and
expectations of the parties and in favor of providing maximum reasonable protection to the Company’s legitimate business interests. Such modification shall not affect the remaining provisions of this Agreement. If such provisions cannot be
modified to be made valid or enforceable, then they shall be severed from this Agreement, and all remaining terms and provisions shall remain enforceable. Paragraphs 6, 8 and 9 and each restrictive covenant within them are intended to be divisible
and to be interpreted and applied separately and independently. 
 22. ENTIRE AGREEMENT; AMENDMENT. This Agreement contains
the entire agreement between the Parties relating to the subject matters contained herein. No term of this Agreement may be 

  
 Page 13 of 17 













 
amended or modified unless made in writing and executed by both Employee and an authorized agent of the Company. This Agreement replaces and supersedes all prior representations, understandings,
or agreements, written or oral, between Employee and the Company with regard to restrictive covenants, post-employment restrictions, and mandatory arbitration. 

23. WAIVER. Failure to fully enforce any provision of this Agreement by either Party shall not constitute a waiver of any term
hereof by such Party; no waiver shall be recognized unless expressly made in writing, and executed by the Party that allegedly made such waiver. 

24. CONSTRUCTION. The Parties agree that this Agreement has been reviewed by each Party, each Party had an opportunity to make
suggestions about the provisions of the Agreement, and each Party had sufficient opportunity to obtain the advice of legal counsel on matters of contract interpretation, if desired. The Parties agree that this Agreement shall not be construed or
interpreted more harshly against one Party merely because one Party was the original drafter of the Agreement. 
 25.
COUNTERPARTS. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same legally recognized instrument. 

26. THIRD-PARTY BENEFICIARIES. Employee specifically acknowledges and agrees that the direct and indirect subsidiaries, parents,
owners, and affiliated companies of the Company are intended to be beneficiaries of this Agreement and shall have every right to enforce the terms and provisions of this Agreement in accordance with the provisions of this Agreement. 

27. NOTICES. Notices regarding this Agreement shall be sent via email or to the mailing addresses of the Parties as set forth in
the signature block to this Agreement. 
 28. GOVERNING LAW AND FORUM SELECTION. This Agreement shall be governed by and
construed in accordance with the Federal Arbitration Act. Any non-arbitration-covered disputes shall be resolved under the substantive laws and in the jurisdiction of the state where Employee most recently
worked for the Company and Employee consents to jurisdiction and venue in the state and federal courts of such state. 
 29.
EMPLOYEE’S RIGHT TO CONSULT WITH COUNSEL. Employee acknowledges that Employee has been provided an opportunity, and has been made aware of Employee’s right, to consult with counsel of his or her choosing prior to signing this
Agreement, including specifically (but without limitation) the LIMITED NONCOMPETE AGREEMENT set forth in Paragraph 8, above. 
 30.
ENDNOTES AND EXCEPTIONS. Certain foregoing provisions of this Agreement are hereby modified in certain states as described in the following subparagraphs. 
  

	 	a.	 Paragraph 6: the “Nondisclosure Agreement” shall apply not for the entire time period
following Employee’s Employment, but rather shall apply only during the Restricted Period, in the following states: Arizona, Florida, Illinois, Indiana, New Jersey, Virginia and Wisconsin. Additionally, to the extent Paragraph 6.a applies in
Wisconsin to Confidential Information that does not constitute a trade secret under applicable law, it shall apply only in geographic areas where the unauthorized disclosure or use of Confidential Information would be competitively damaging to the
Company. 



  
 Page 14 of 17 














	 	b.	 Paragraph 8: The Limited Noncompete Agreement at paragraph eight (8) of this Agreement does not
apply to North Dakota employees doing business in North Dakota. Additionally, Employee shall be entitled to receive, during the portion of the Restricted Period following the termination of his or her employment, and on a pro rata basis, payments in
an amount equal to fifty percent (50%) of highest annualized base salary paid to Employee by the Company within the two (2) year period immediately prior to the termination of Employee’s employment with the Company in the following states:
Massachusetts. 


  

	 	c.	 Paragraph 9: the “Nonsolicitation of Customers/Prospective Customers” provision shall
apply not to any Prospective Customer, but rather shall apply only to any Customer, in the following states: Arizona, Nebraska, New Jersey and Wisconsin. Additionally, in Wisconsin, Paragraph 9 shall not apply to “attempts.” Additionally,
the Nonsolicitation of Customers/Prospective Customers provision at paragraph nine (9) of this Agreement does not apply to North Dakota employees doing business in in North Dakota. 



 

	 	d.	 Paragraph 10: “Nonrecruitment of Employees” shall not apply in Wisconsin. The
Restricted Period for the nonrecruitment of Company employees in Paragraph 10 shall be eighteen (18) months in the following states: Alabama. 


  

	 	e.	 Paragraph 12: The final sentence of Paragraph 12 shall not apply in the following states: Arkansas,
Louisiana, and Wisconsin. 


  

	 	f.	 Paragraph 13(c): The definition of “Competitive Services” shall mean the business or process
of researching into, developing, manufacturing, distributing, selling, supplying, or otherwise dealing with (including but not limited to technical and product support, professional services, technical advice and other customer services) of the kind
provided by Employee to the Company during the two (2) years immediately prior to the termination of Employee’s employment in the following states: Massachusetts. 



 

	 	g.	 Paragraph 13(e): “Confidential Information” The definition of Confidential Information shall
include only information that has actual value to the Company in the following States: Wisconsin. 


  

	 	h.	 Paragraph 13(h): “Restricted Period” shall mean the entire term of Employee’s
Employment with the Company and a one (1) year period immediately following the termination of Employee’s Employment, in the following states: Arizona; Missouri; Montana, New Mexico, Utah, and Wyoming. “Restricted Period”
for the purposes of the Limited Noncompete Agreement in Paragraph 8 shall mean the entire term of Employee’s Employment with the Company and a one (1) year period immediately following the termination of Employee’s Employment (unless
the termination occurred because Employee was laid off or terminated without cause): Massachusetts. “Restricted Period” shall mean the entire term of Employee’s Employment with the Company and a one (1) year period
immediately following the termination of Employee’s Employment, in the following states: Alabama and Oregon. “Restricted Period” shall mean a one (1) year period immediately following the termination of Employee’s
Employment, but does not include the entire term of Employee’s employment with the Company, in the following states: North Carolina. 



  
 Page 15 of 17 













 The Parties have executed this Employment and Restrictive Covenants
Agreement, which is effective as of the Effective Date written above. 
  

									
	For Employee:	 		 	For Company
				
	Signature:	 	 /s/ Reinaldo
Acosta                    
	 		 	By: BMS Holdings, LLC, its sole Member
					
		 		 		 	Signature:	 	 /s/ Jeff
Wilson                    

	Printed Name:	 	Reinaldo Acosta	 		 	Printed Name:	 	Jeff Wilson
		 		 		 	Title: Senior 	 	Vice President













 Schedule 1 

(List of Employee’s Prior Inventions) 

☒     By initialing here, I represent and warrant that I have no Prior Inventions, as that term is defined in the Agreement to which
this Schedule 1 is attached. 
  

	OR	 



☐     Below is a complete and accurate list of Prior Inventions, as that term is defined in the Agreement to which this Schedule 1
is attached. 
 For Employee: 
 Signature: /s/
Reinaldo Acosta 
 Printed Name: Reinaldo Acosta 
 Address:
[***] 
 Email: [***] 
 Date: July 29, 2019