Document:

EX-10.1

 Exhibit 10.1 

TAX RECEIVABLE AGREEMENT 
 BY AND
AMONG 
 ALLVUE SYSTEMS HOLDINGS, INC., 

CERTAIN OTHER PERSONS NAMED HEREIN, 

AND 
 THE AGENT 

DATED AS OF [●], 2021 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 RECITALS
	  	 	1	 
		
	 ARTICLE I DEFINITIONS
	  	 	2	 
	 Section 1.1
	 	 Definitions
	  	 	2	 
	 Section 1.2
	 	 Other Definitional and Interpretative Provisions
	  	 	10	 
		
	 ARTICLE II DETERMINATION OF CERTAIN REALIZED TAX BENEFITS
	  	 	11	 
	 Section 2.1
	 	 Exchange Schedule
	  	 	11	 
	 Section 2.2
	 	 NOL Schedule
	  	 	11	 
	 Section 2.3
	 	 Tax Benefit Schedule
	  	 	11	 
	 Section 2.4
	 	 Procedure: Amendments
	  	 	12	 
		
	 ARTICLE III TAX BENEFIT PAYMENTS
	  	 	13	 
	 Section 3.1
	 	 Payments
	  	 	13	 
	 Section 3.2
	 	 No Duplicative Payments
	  	 	14	 
	 Section 3.3
	 	 Coordination of Benefits
	  	 	14	 
		
	 ARTICLE IV TERMINATION
	  	 	15	 
	 Section 4.1
	 	 Early Termination by the Corporation
	  	 	15	 
	 Section 4.2
	 	 Early Termination upon Change of Control
	  	 	15	 
	 Section 4.3
	 	 Breach of Agreement
	  	 	15	 
	 Section 4.4
	 	 Early Termination Notice
	  	 	16	 
	 Section 4.5
	 	 Payment upon Early Termination
	  	 	17	 
		
	 ARTICLE V SUBORDINATION AND LATE PAYMENTS
	  	 	17	 
	 Section 5.1
	 	 Subordination
	  	 	17	 
	 Section 5.2
	 	 Late Payments by the Corporation
	  	 	17	 
		
	 ARTICLE VI PARTICIPATION IN TAX MATTERS; CONSISTENCY; COOPERATION
	  	 	17	 
	 Section 6.1
	 	 Participation in the Corporation’s Tax Matters
	  	 	17	 
	 Section 6.2
	 	 Consistency
	  	 	18	 
	 Section 6.3
	 	 Cooperation
	  	 	18	 
		
	 ARTICLE VII MISCELLANEOUS
	  	 	19	 
	 Section 7.1
	 	 Notices
	  	 	19	 
	 Section 7.2
	 	 Counterparts
	  	 	19	 
	 Section 7.3
	 	 Entire Agreement; No Third Party Beneficiaries
	  	 	19	 
	 Section 7.4
	 	 Governing Law
	  	 	20	 
	 Section 7.5
	 	 Severability
	  	 	20	 
	 Section 7.6
	 	 Successors: Assignment
	  	 	20	 

  
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	 Section 7.7
	 	 Amendments: Waivers
	  	 	20	 
	 Section 7.8
	 	 Titles and Subtitles
	  	 	21	 
	 Section 7.9
	 	 Reconciliation
	  	 	21	 
	 Section 7.10
	 	 Consent to Jurisdiction
	  	 	22	 
	 Section 7.11
	 	 Waiver of Jury Trial
	  	 	22	 
	 Section 7.12
	 	 Withholding
	  	 	22	 
	 Section 7.13
	 	 Admission of the Corporation into a Consolidated Group; Transfers of Corporate
Assets
	  	 	22	 
	 Section 7.14
	 	 Confidentiality
	  	 	23	 
	 Section 7.15
	 	 No Similar Agreements
	  	 	24	 
	 Section 7.16
	 	 Change in Law
	  	 	24	 

  
 ii 

 TAX RECEIVABLE AGREEMENT 

This TAX RECEIVABLE AGREEMENT (this “Agreement”), dated as of [●], 2021 is hereby entered into by and among Allvue
Systems Holdings, Inc., a Delaware corporation (the “Corporation”), Bluefin Topco LLC (the “Company”), the parties set forth in Schedule A, and the Agent. 

RECITALS 
 WHEREAS, the TRA
Holders hold, directly or indirectly through Blocker, limited liability company interests in the Company (“Units”), which is classified as a partnership for U.S. federal income tax purposes; 

WHEREAS, prior to the IPO (as defined below), the Corporation will, directly and indirectly, acquire Units in a series of transactions
pursuant to which (i) the Corporation will acquire all of the outstanding capital stock of Blocker from Blocked Holdings pursuant to the Merger Agreement (the “Blocker Merger”), (ii) Unblocked Holdings will contribute a portion
of its Units in exchange for Class A Common Stock, and (iii) the certain other holders of Units will contribute all of their Units to the Corporation in exchange for Class A Common Stock (such transactions described in clauses
(i) through (iii), the “Reorganization Transactions”), and as a result of such Reorganization Transactions the Corporation is expected to obtain or be entitled to certain Tax benefits as further described herein;

WHEREAS, the Corporation will issue shares of its Class A Common Stock to certain purchasers in an initial public offering of its
Class A Common Stock (the “IPO” and the date on which the IPO is consummated is referred to herein as the “Closing Date”); 

WHEREAS, from and after the closing of the IPO, under certain circumstances, certain Units and a corresponding number of shares of
Class V Common Stock of the Corporation may be exchanged for a Cash Payment and/or Class A Common Stock (each such transaction, an “Exchange”) pursuant to the terms of the Exchange Agreement and, as a result of such
Exchanges, the Corporation is expected to obtain or be entitled to certain Tax benefits as further described herein; 
 WHEREAS, the Company
and each of its direct and indirect Subsidiaries that is treated as a partnership for U.S. federal income tax purposes will have in effect an election under Section 754 of the Internal Revenue Code of 1986, as amended (the
“Code”), and any corresponding provisions of state and local Tax law for the Taxable Year that includes the Closing Date and each Taxable Year in which an Exchange occurs, which election is expected to result, with respect to the
Corporation, in an adjustment to the Tax basis of the assets owned by the Company and such Subsidiaries in connection with the Reorganization Transactions (other than the Blocker Merger) and each Exchange; 

WHEREAS, this Agreement is intended to set forth the agreements among the parties hereto regarding the sharing of certain Tax benefits
realized by the Corporation, including as a result of the Reorganization Transactions, the Exchanges, and certain of the payments made pursuant to this Agreement. 

 NOW, THEREFORE, in consideration of the foregoing and the respective covenants and
agreements set forth herein, and intending to be legally bound hereby, the parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.1    Definitions. As used in this Agreement, the terms set forth in this
ARTICLE I shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined). 

“Accrued Amount” has the meaning set forth in Section 3.1(b). 

“Actual Tax Liability” means, with respect to any Taxable Year, the actual liability for Taxes of (i) the Corporation
and (ii) without duplication, the Company, but only with respect to Taxes imposed on the taxable income of the Company that is allocable to the Corporation (or to the other members of the consolidated group of which the Corporation is a member
for such Taxable Year). 
 “Affiliate” means, with respect to any Person, any other Person that directly or indirectly,
through one or more intermediaries, Controls, is Controlled by, or is under common Control with, such first Person. 

“Agent” means [●]. 

“Agreed Rate” means a per annum rate of LIBOR plus 100 basis points. 

“Agreement” has the meaning set forth in the preamble to this Agreement. 

“Amended Schedule” has the meaning set forth in Section 2.4(b). 

“Assumed State and Local Tax Rate” means the tax rate equal to the sum of the product of (x) the Company’s income
and franchise Tax apportionment rate(s) for each state and local jurisdiction in which the Company files income or franchise Tax Returns for the relevant Taxable Year and (y) the highest corporate income and franchise Tax rate(s) for each such
state and local jurisdiction in which the Company files income or franchise Tax Returns for each relevant Taxable Year; provided, that the Assumed State and Local Tax Rate calculated pursuant to the foregoing shall be reduced by the assumed federal
income Tax benefit received by the Corporation with respect to state and local jurisdiction income and franchise Taxes (with such benefit calculated as the product of (a) the Corporation’s marginal U.S. federal income tax rate for the
relevant Taxable Year and (b) the Assumed State and Local Tax Rate (without regard to this proviso)). 

  
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 “Attributable” means the portion of any Net Tax Benefit of the Corporation,
or the portion of any Tax Benefit Payment, that is attributable to a TRA Holder and shall be determined by reference to the tax attributes generating such Net Tax Benefit under the following principles: 

 

	 	(i)	 Any Basis Adjustments shall be determined separately with respect to each TRA Holder and are Attributable to
each TRA Holder in an amount equal to the total Basis Adjustments relating to the Exchangeable Units exchanged by such TRA Holder pursuant to an Exchange. 

  

	 	(ii)	 Any Blocker NOLs are Attributable to Blocked Holdings. 

 

	 	(iii)	 Any Closing Date Basis shall be Attributable to each of Blocked Holdings and Unblocked in an amount equal to
the Closing Date Basis multiplied by the percentages set forth on Schedule A; provided, that any Closing Date Basis that is the result of an adjustment to the Tax basis of any such Reference Asset under Section 743(b) of the Code with respect
to Blocker are Attributable to Blocked Holdings. 

  

	 	(iv)	 Any Guaranteed Payments are Attributable to Unblocked Holdings. 

 

	 	(v)	 Any deduction to the Corporation with respect to any amounts attributable to Imputed Interest is Attributable
to the TRA Holder that is required to include the Imputed Interest in income (without regard to whether such TRA Holder is actually subject to tax thereon). 

“Basis Adjustment” means any adjustment to the Tax basis of a Reference Asset as a result of an Exchange and the payments
made pursuant to this Agreement with respect to the Reorganization Transactions or such Exchange (as calculated under Section 2.1), including, but not limited to: 

(i)    under Sections 734(b), 743(b), 754 and 755 of the Code (in situations where, following an Exchange, the Company
remains classified as a partnership for U.S. federal income tax purposes); and 
 (ii)    under Sections 732(b), 734(b)
and 1012 of the Code and, without duplication, as a result of any basis adjustment to which the Company succeeds, including pursuant to proposed Treasury Regulations Section 1.743-1(f) and any subsequent
similar guidance and comparable sections of U.S. state and local income and franchise tax law (in situations where, as a result of one or more Exchanges, the Company or any of the Company’s Subsidiaries becomes an entity that is disregarded as
separate from its owner for U.S. federal income tax purposes), and in each case, comparable sections of state and local Tax laws. 
 For the avoidance of
doubt, (X) the amount of any Basis Adjustment resulting from an Exchange of Exchangeable Units shall be determined without regard to any Section 743(b) adjustment attributable to such Exchangeable Units prior to such Exchange, (Y) the
amount of any Basis Adjustment shall be determined without duplication of any amount included in the Closing Date Basis, and (Z) payments made under this Agreement shall not be treated as resulting in a Basis Adjustment to the extent such
payments are (a) treated as Guaranteed Payments or (b) treated as Imputed Interest. 

  
 3 

 “Beneficial Owner” means, with respect to a security, a Person who directly
or indirectly, through any contract, arrangement, understanding, relationship or otherwise, has or shares: 

(i)    voting power, which includes the power to vote, or to direct the voting of, such security and/or 

(ii)    investment power, which includes the power to dispose of, or to direct the disposition of, such security. 

The terms “Beneficially Own” and “Beneficial Ownership” shall have correlative meanings. 

“Blocked Holdings” means Bluefin Blocked Holdings, LLC. 

“Blocker” means Bluefin Blocker, Inc. 

“Blocker NOLs” means the net operating losses, capital losses, disallowed interest expense carryforwards under
Section 163(j) of the Code and credit carryforwards of the Blocker relating to taxable periods (or portions thereof) ending on or prior to the Closing Date. 

“Board” means the board of directors of the Corporation. 

“Business Day” means any day other than a Saturday, Sunday or other day on which the banks in New York are authorized by law
to be closed. 
 “Cash Payment” has the meaning set forth in the Exchange Agreement. 

“Change of Control” means the occurrence of any of the following events: 

(i)    any “person” or “group” (within the meaning of Sections 13(d) of the Exchange Act (excluding
any “person” or “group” who, on the Closing Date, is the Beneficial Owner of securities of the Corporation representing more than 50% of the combined voting power of the Corporation’s then outstanding voting securities and
excluding any “Permitted Transferee” (as defined in the LLC Agreement) and any group of Permitted Transferees)) becomes the Beneficial Owner of securities of the Corporation representing more than 50% of the combined voting power of the
Corporation’s then outstanding voting securities; 
 (ii)    (A) the shareholders of the Corporation approve a plan
of complete liquidation or dissolution of Corporation or (B) there is consummated an agreement or series of related agreements for the sale or other disposition, directly or indirectly, by the Corporation of all or substantially all of the
Corporation’s assets, other than such sale or other disposition by the Corporation of all or substantially all of the Corporation’s assets to an entity at least 50% of the combined voting power of the voting securities of which are owned
by shareholders of the Corporation in substantially the same proportions as their ownership of the Corporation immediately prior to such sale or other disposition; 

(iii)    there is consummated a merger or consolidation of the Corporation with any other corporation or other entity,
and, immediately after the consummation of such merger or 

  
 4 

 
consolidation, either (A) the board of directors of the Corporation immediately prior to the merger or consolidation does not constitute at least a majority of the board of directors of the
company surviving the merger or consolidation or, if the surviving company is a Subsidiary, the ultimate parent thereof, or (B) all of the Persons who were the respective Beneficial Owners of the voting securities of the Corporation immediately
prior to such merger or consolidation do not Beneficially Own, directly or indirectly, more than 50% of the combined voting power of the then outstanding voting securities of the Person resulting from such merger or consolidation; or 

(iv)     the following individuals cease for any reason to constitute a majority of the number of directors of the
Corporation then serving: individuals who were directors of the Corporation on the Closing Date or any new director whose appointment or election to the Board or nomination for election by the Corporation’s shareholders was approved or
recommended by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors of the Corporation on the Closing Date or whose appointment, election or nomination for
election was previously so approved or recommended by the directors referred to in this clause (iv). 
 Notwithstanding the foregoing, a
“Change of Control” shall not be deemed to have occurred by virtue of the consummation of any transaction or series of integrated transactions immediately following which the record holders of the Class A Common Stock and Class V
Common Stock of the Corporation immediately prior to such transaction or series of transactions continue to have substantially the same proportionate ownership in and voting control over, and own substantially all of the shares of, an entity which
owns all or substantially all of the assets of the Corporation immediately following such transaction or series of transactions. 

“Change of Control Date” means the date on which a Change of Control occurs. 

“Class A Common Stock” has the meaning set forth in the LLC Agreement. 

“Class V Common Stock” has the meaning set forth in the LLC Agreement. 

“Closing Date Basis” means, immediately prior to the Closing Date, the adjusted Tax basis of any Reference Asset that is
goodwill or any other intangible asset that is amortizable under Section 197 of the Code (including, without limitation, any adjustment to the Tax basis of any such Reference Asset under Section 743(b) of the Code with respect to Blocker
and with respect to the interests in the Company acquired from Unblocked Holdings in the Reorganization Transactions). 

“Code” has the meaning set forth in the recitals of this Agreement. 

“Company” has the meaning set forth in the preamble to this Agreement. 

“Control” means the possession, direct or indirect, of the power to direct or cause the direction of the management and
policies of a Person, whether through ownership of voting securities, by contract or otherwise. The term “Controlled” shall have a correlative meaning. 

“Corporation” has the meaning set forth in the preamble to this Agreement. 

  
 5 

 “Corporation Letter” means a letter prepared by the Corporation in
connection with the performance of its obligations under this Agreement, which states that the relevant Schedules, notices or other information to be provided by the Corporation to the Agent, along with all supporting schedules and work papers, were
prepared in a manner that is consistent with the terms of this Agreement and, to the extent not expressly provided in this Agreement, on a reasonable basis in light of the facts and law in existence on the date such Schedules, notices or other
information were delivered by the Corporation to the Agent. Such letter shall identify any material assumptions or operating procedures or principles that were used for purposes of the underlying calculations. 

“Corporation Return” means the U.S. federal and/or state and local Tax Return of the Corporation (including any consolidated
group of which the Corporation is a member, as further described in Section 7.13(a)) filed with respect to any Taxable Year. 

“Cumulative Net Realized Tax Benefit” for a Taxable Year means the cumulative amount (but not less than zero) of Realized Tax
Benefits for all Taxable Years of the Corporation, up to and including such Taxable Year, net of the cumulative amount of Realized Tax Detriments for the same period. The Realized Tax Benefit and Realized Tax Detriment for each Taxable Year shall be
determined based on the most recent Tax Benefit Schedule or Amended Schedule, if any, in existence at the time of such determination. 

“Default Rate” means a per annum rate of LIBOR plus 500 basis points. 

“Determination” shall have the meaning ascribed to such term in Section 1313(a) of the Code or similar provision of any
state and local Tax law or any other event (including the execution of IRS Form 870-AD) that finally and conclusively establishes the amount of any liability for Tax. 

“Disputing Party” has the meaning set forth in Section 7.9. 

“Early Termination” has the meaning set forth in Section 4.1. 

“Early Termination Date” means the date of an Early Termination Notice for purposes of determining the Early Termination
Payment. 
 “Early Termination Effective Date” has the meaning set forth in Section 4.4. 

“Early Termination Notice” has the meaning set forth in Section 4.4. 

“Early Termination Payment” has the meaning set forth in Section 4.5(b). 

“Early Termination Rate” means the lower of a per annum rate of (i) LIBOR plus 100 basis points or (ii) 5.50%. 

“Early Termination Schedule” has the meaning set forth in Section 4.4. 

  
 6 

 “Exchange” has the meaning set forth in the recitals in this Agreement. For
the avoidance of doubt, this definition shall include any Exchange occurring in connection with a Change of Control. 
 “Exchange
Act” means the Securities Exchange Act of 1934, as amended. 
 “Exchange Agreement” means that certain Exchange
Agreement, to be dated as of the Closing Date, by and among the Corporation, the Company and the other parties thereto. 
 “Exchange
Schedule” has the meaning set forth in Section 2.1. 
 “Exchangeable Unit” has the
meaning set forth in the Exchange Agreement. 
 “Expert” means a “Big 4” accounting firm not disqualified by
conflicts or independence analysis or such nationally recognized expert in the particular area of disagreement as is mutually acceptable to both parties. 

“Guaranteed Payments” means payments made to Unblocked Holdings pursuant to this Agreement to the extent not attributable to
an Exchange of its units in the Company. 
 “Hypothetical Tax Liability” means, with respect to any Taxable Year, the
liability for Taxes of the Corporation and, without duplication, the Company, but only with respect to Taxes of the Company allocable to the Corporation or to the other members of the consolidated group of which the Corporation is a member for such
Taxable Year (in each case, using the same methods, elections, conventions, and similar practices used on the relevant Corporation Return), but without taking into account (i) any Basis Adjustments, (ii) any Blocker NOLs, (iii) any
Closing Date Basis, (iv) any Guaranteed Payments, and (v) any deduction attributable to Imputed Interest for the Taxable Year. The Hypothetical Tax Liability shall be determined (A) without taking into account the carryover or
carryback of any Tax item (or portions thereof) that is attributable to any Basis Adjustments, Blocker NOLs, the Closing Date Basis, any Guaranteed Payments, and Imputed Interest, (B) using the Assumed State and Local Tax Rate, solely for
purposes of calculating the state and local Hypothetical Tax Liability of the Corporation and (C) to the extent not addressed in clause (B) of this sentence, using reasonable estimation methodologies for calculating the portion of any of
the foregoing items attributable to U.S. state or local Taxes. 
 “ICE LIBOR” has the meaning set forth below under
“LIBOR.” 
 “Imputed Interest” means any interest imputed under Sections 1272, 1274 or 483 or other provision of
the Code and any similar provision of any state and local Tax law with respect to the Corporation’s payment obligations under this Agreement. For the avoidance of doubt, Imputed Interest shall not include any Accrued Amount. 

“IPO” has the meaning set forth in the recitals of this Agreement. 

“IRS” means the U.S. Internal Revenue Service. 

“LIBOR” means during any period, a rate per annum equal to the ICE LIBOR rate for a period of one month (“ICE
LIBOR”), as published on the applicable Bloomberg screen page 

  
 7 

 
(or such other commercially available source providing quotations of ICE LIBOR as may be designated by the Corporation from time to time) at approximately 11:00 a.m., London time, two
(2) Business Days prior to the commencement of such period, for dollar deposits (for delivery on the first day of such period) with a term equivalent to such period. If ICE LIBOR ceases to be published, “LIBOR” shall mean a rate,
selected by the Corporation in good faith, with characteristics similar to ICE LIBOR or consistent with market practices generally; 

“LLC Agreement” means the Second Amended and Restated Limited Liability Company Agreement of the Company, to be dated as of
the Closing Date, as the same may be amended, amended and restated or replaced from time to time. 
 “Material Objection
Notice” has the meaning set forth in Section 4.4. 
 “Merger Agreement” means the Merger
Agreement, dated as of [●], by and among the Corporation, Blocked Holdings, and the other parties thereto. 
 “Net Tax
Benefit” has the meaning set forth in Section 3.1(b). 
 “NOL Schedule” has the meaning
set forth in Section 2.2. 
 “Objection Notice” has the meaning set forth in
Section 2.4(a). 
 “Payment Date” means any date on which a payment is required to be made
pursuant to this Agreement. 
 “Person” means any individual, corporation, firm, partnership, joint venture, limited
liability company, estate, trust, business association, organization, governmental entity or other entity. 
 “Realized Tax
Benefit” means, for a Taxable Year, the excess, if any, of the Hypothetical Tax Liability over the Actual Tax Liability. If all or a portion of the Actual Tax Liability for the Taxable Year arises as a result of an audit by a Taxing
Authority for any Taxable Year, such liability shall not be included in determining the Realized Tax Benefit unless and until there has been a Determination with respect to such Actual Tax Liability. 

“Realized Tax Detriment” means, for a Taxable Year, the excess, if any, of the Actual Tax Liability over the Hypothetical Tax
Liability. If all or a portion of the Actual Tax Liability for the Taxable Year arises as a result of an audit by a Taxing Authority for any Taxable Year, such liability shall not be included in determining the Realized Tax Detriment unless and
until there has been a Determination with respect to such Actual Tax Liability. 
 “Reconciliation Dispute” has the meaning
set forth in Section 7.9. 
 “Reconciliation Procedures” means the procedures described in
Section 7.9. 
 “Reference Asset” means any asset that is held by the Company, or any of its
direct or indirect Subsidiaries that is treated as a partnership or disregarded entity for purposes of the applicable Tax (but only to the extent such Subsidiaries are not held through any entity treated as

  
 8 

 
a corporation for purposes of the applicable Tax), immediately prior to the Closing Date or at the time of an Exchange, as applicable. A Reference Asset also includes any asset that is
“substituted basis property” under Section 7701(a)(42) of the Code with respect to a Reference Asset. 

“Reorganization Transactions” has the meaning set forth in the recitals of this Agreement. 

“Schedule” means any of the following: (i) an Exchange Schedule, (ii) a Tax Benefit Schedule, (iii) an NOL
Schedule, (iv) a Closing Date Basis Schedule, or (v) the Early Termination Schedule. 
 “Senior Obligations” has
the meaning set forth in Section 5.1. 
 “Subsidiaries” means, with respect to any Person, as of
any date of determination, any other Person as to which such Person, owns, directly or indirectly, or otherwise controls more than 50% of the voting power or other similar interests or the sole general partner interest or managing member or similar
interest of such Person. 
 “Tax Benefit Payment” has the meaning set forth in Section 3.1(b).

 “Tax Benefit Schedule” has the meaning set forth in Section 2.3(a). 

“Tax Proceeding” has the meaning set forth in Section 6.1. 

“Tax Return” means any return, declaration, report or similar statement filed or required to be filed with respect to Taxes
(including any attached schedules), including, without limitation, any information return, claim for refund, amended return and declaration of estimated Tax. 

“Taxable Year” means a taxable year of the Corporation as defined in Section 441(b) of the Code or comparable section of
state or local Tax law, as applicable (which, for the avoidance of doubt, may include a period of less than twelve (12) months for which a Tax Return is made), ending on or after the date hereof. 

“Taxes” means any and all U.S. federal, state and local taxes, assessments or similar charges that are based on or measured
with respect to net income or profits, and any interest related to such Tax. 
 “Taxing Authority” means any federal,
national, state, county or municipal or other local government, any subdivision, agency, commission or authority thereof, or any quasi-governmental body exercising any taxing authority or any other authority exercising Tax regulatory authority. 

“TRA Holders” means the parties set forth in Schedule A. 

“Treasury Regulations” means the final, temporary and proposed regulations under the Code promulgated from time to time
(including corresponding provisions and succeeding provisions) as in effect for the relevant Taxable Year. 

  
 9 

 “Unblocked Holdings” means Bluefin Unblocked Holdings LLC. 

“Units” has the meaning set forth in the recitals of this Agreement. 

“Valuation Assumptions” means, as of an Early Termination Date, the assumptions that (i) in each Taxable Year ending on
or after such Early Termination Date, the Corporation will have taxable income sufficient to fully utilize the deductions arising from all Basis Adjustments, Blocker NOLs, the Closing Date Basis, Guaranteed Payments, and the Imputed Interest during
such Taxable Year (including, for the avoidance of doubt, Basis Adjustments, Guaranteed Payments, and Imputed Interest that would result from Tax Benefit Payments that would be paid in accordance with the Valuation Assumptions, further assuming such
Tax Benefit Payments would be paid on the due date, without extensions, for filing the Corporation Return for the applicable Taxable Year) in which such deductions would become available; (ii) any loss, capital loss, disallowed interest
expense, credit or similar carryovers generated by deductions or losses arising from any Basis Adjustment, Blocker NOLs, the Closing Date Basis, Guaranteed Payments, or Imputed Interest that are available in the Taxable Year that includes the Early
Termination Date and any Blocker NOLs that have not been previously utilized in determining a Tax Benefit Payment as of the Early Termination Date, will be utilized by the Corporation in the earliest possible Taxable Year permitted by the Code and
the Treasury Regulations; (iii) the U.S. federal income tax rates that will be in effect for each Taxable Year ending on or after such Early Termination Date will be those specified for each such Taxable Year by the Code and the tax rates for
U.S. state and local income taxes shall be the Assumed State and Local Tax Rate, in each case as in effect on the Early Termination Date, except to the extent any change to such tax rates for such Taxable Years have already been enacted into law;
(iv) any non-amortizable Reference Assets will be disposed of for cash at their fair market value in a fully taxable transaction for Tax purposes on the fifth anniversary of the Early Termination Date;
and (v) if, at the Early Termination Date, there are Exchangeable Units that have not been transferred in an Exchange, then all Exchangeable Units and (if applicable) shares of Class V Common Stock shall be deemed to be transferred in an
Exchange effective on the Early Termination Date. 
 Section 1.2    Other Definitional and
Interpretative Provisions. The words “hereof,” “herein” and “hereunder” and words of like import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement.
References to Articles, Sections, Exhibits and Schedules are to Articles, Sections, Exhibits and Schedules of this Agreement unless otherwise specified. All Exhibits and Schedules annexed hereto or referred to herein are hereby incorporated in and
made a part of this Agreement as if set forth in full herein. Any capitalized terms used in any Exhibit or Schedule but not otherwise defined therein, shall have the meaning as defined in this Agreement. Any singular term in this Agreement shall be
deemed to include the plural, and any plural term the singular. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without
limitation,” whether or not they are in fact followed by those words or words of like import. “Writing,” “written” and comparable terms refer to printing, typing and other means of reproducing words (including electronic
media) in a visible form. References to any agreement or contract are to that agreement or contract as amended, modified or supplemented from time to time in accordance with the terms thereof. References to any Person include the successors and
permitted assigns of that Person. References from or through any date mean, unless otherwise specified, from and including or through and including, respectively. 

  
 10 

 ARTICLE II 

DETERMINATION OF CERTAIN REALIZED TAX BENEFITS 

Section 2.1    Exchange Schedule. Within ninety (90) calendar days after the
extended due date of the U.S. federal Corporation Return for each Taxable Year in which any Exchange has been effected by a TRA Holder, the Corporation shall deliver to the Agent a schedule (the “Exchange Schedule”) that shows, in
reasonable detail necessary to perform the calculations required by this Agreement, including with respect to each TRA Holder participating in any Exchange during such Taxable Year, (i) the Basis Adjustments with respect to the Reference Assets
as a result of the Exchanges effected by such TRA Holder in such Taxable Year and (ii) the period (or periods) over which such Basis Adjustments are amortizable and/or depreciable. 

Section 2.2    NOL and Closing Date Basis Schedules. Within ninety
(90) calendar days after the extended due date of the U.S. federal Corporation Return for the Taxable Year that includes the Closing Date, the Corporation shall deliver to the Agent (i) a schedule (the “NOL Schedule”) that
shows, in reasonable detail necessary to perform the calculations required by this Agreement, (A) the Blocker NOLs attributable to the Blocker as of the Closing Date and (B) any applicable limitations on the use of the Blocker NOLs for Tax
purposes (including under Section 382 of the Code) and (ii) a schedule (the “Closing Date Basis Schedule”) that shows, in reasonable detail necessary to perform the calculations required by this Agreement, the Closing Date
Basis and the period (or periods) over which such Closing Date Basis is amortizable and/or depreciable. 

Section 2.3    Tax Benefit Schedule. 

(a)     Tax Benefit Schedule. Within ninety (90) calendar days after the extended due date of the U.S. federal
Corporation Return for any Taxable Year in which any potential payment obligation hereunder is still outstanding, the Corporation shall provide to the Agent: (i) a schedule showing, in reasonable detail, (A) the calculation of the Realized
Tax Benefit or Realized Tax Detriment for such Taxable Year, (B) the portion of the Net Tax Benefit, if any, that is Attributable to each TRA Holder (taking into account Section 3.1(a)), (C) the Accrued Amount with respect to any such Net
Tax Benefit that is allocable to such TRA Holder, (D) the Tax Benefit Payment determined pursuant to Section 3.1(b) due to each such TRA Holder, and (E) the portion of such Tax Benefit Payment that the Corporation
intends to treat as Imputed Interest (a “Tax Benefit Schedule”), (ii) a reasonably detailed calculation by the Corporation of the Hypothetical Tax Liability (the “without” calculation), (iii) a reasonably detailed
calculation by the Corporation of the Actual Tax Liability (the “with” calculation), (iv) a copy of the Corporation Return for such Taxable Year, (v) a Corporation Letter supporting such Tax Benefit Schedule and (vi) any other
work papers reasonably requested by the Agent. In addition, the Corporation shall allow the Agent reasonable access at no cost to the appropriate representatives of the Corporation in connection with a review of such Tax Benefit Schedule. The Tax
Benefit Schedule will become final as provided in Section 2.4(a) and may be amended as provided in Section 2.4(b) (subject to the procedures set forth in
Section 2.4(b)).  
 (b)     Applicable Principles. The Realized Tax Benefit or
Realized Tax Detriment for each Taxable Year is intended to measure the decrease or increase in the Corporation’s actual liability for Taxes for such Taxable Year (calculated using certain rules and assumptions, as set forth herein) that is
attributable to the Basis Adjustments, the Blocker NOLs, the Closing Date 

  
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Basis, Guaranteed Payments, and Imputed Interest, determined using a “with and without” methodology. For the avoidance of doubt, (i) such actual liability for Taxes will take into
account the deduction of the portion of the Tax Benefit Payment that must be accounted for as interest under the Code based upon the characterization of Tax Benefit Payments as additional consideration payable by the Corporation, and (ii) in
addition to using the Assumed State and Local Tax Rate for purposes of determining the state and local Hypothetical Tax Liability, the Corporation may use reasonable estimation methodologies for calculating the portion of any Realized Tax Benefit or
Realized Tax Detriment attributable to U.S. state or local Taxes. For purposes of calculating the Realized Tax Benefit or Realized Tax Detriment for any Taxable Year, carryforwards or carrybacks of any Tax item (such as a net operating loss)
attributable to the Basis Adjustments, the Blocker NOLs, the Closing Date Basis, Guaranteed Payments, and Imputed Interest shall be considered to be subject to the rules of the Code and the Treasury Regulations and the corresponding provisions of
state and local Tax laws, as applicable, governing the use, limitation, and expiration of carryforwards or carrybacks of the relevant type. If a carryforward or carryback of any Tax item includes a portion that is attributable to the Basis
Adjustment, the Blocker NOLs, the Closing Date Basis, Guaranteed Payments, or Imputed Interest (a “TRA Portion”) and another portion that is not so attributable (a “Non-TRA
Portion”), such respective portions shall be considered to be used in accordance with the “with and without” methodology so that: (i) the amount of any Non-TRA Portion is deemed
utilized first, followed by the amount of any TRA Portion; and (ii) in the case of a carryback of a Non-TRA Portion, such carryback shall not affect the original “with and without” calculation
made in the applicable prior Taxable Year. For the avoidance of doubt, the TRA Portion of any Tax item when such item is incurred shall be determined using a marginal “with and without” methodology by calculating (i) the amount of
such Tax item for all Tax purposes taking into account the Basis Adjustments, the Closing Date Basis, the Blocker NOLs, Guaranteed Payments, and Imputed Interest and (ii) the amount of such Tax item for all Tax purposes without taking into
account the Basis Adjustments, the Closing Date Basis, the Blocker NOLs, Guaranteed Payments or Imputed Interest, with the TRA Portion equal to the excess of the amount specified in clause (i) over the amount specified in clause (ii) (but only
if such excess is greater than zero). The parties agree that (i) any payment under this Agreement to Unblocked Holdings (or its successors or assigns), including the Accrued Amount (other than amounts accounted for as Imputed Interest or as
Guaranteed Payments) will be treated as a subsequent upward adjustment to the purchase price of the relevant Exchangeable Units and will have the effect of creating additional Basis Adjustments to Reference Assets for the Corporation in the year of
payment, and (ii) as a result, such additional Basis Adjustments will be incorporated into the calculation for the year of payment and into future year calculations, as appropriate. 

Section 2.4    Procedure: Amendments. 

(a)     An applicable Schedule or amendment thereto shall become final and binding on all parties thirty (30) calendar
days from the first date on which the Agent have received the applicable Schedule or amendment thereto unless (i) the Agent, within thirty (30) calendar days after receiving an applicable Schedule or amendment thereto, provides the
Corporation with notice of a material objection to such Schedule (“Objection Notice”) made in good faith or (ii) the Agent provides a written waiver of such right of any Objection Notice within the period described in clause
(i) above, in which case such Schedule or amendment thereto becomes binding on the date a waiver from the Agent has been received by the Corporation. If the Corporation and Agent, for any reason, are unable to successfully resolve the issues
raised in an Objection Notice within thirty (30) calendar days after receipt by the Corporation of such Objection Notice, the Corporation and Agent (as applicable) shall employ the Reconciliation Procedures under
Section 7.9. 

  
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 (b)     The applicable Schedule for any Taxable Year may be amended from
time to time by the Corporation (i) in connection with a Determination affecting such Schedule, (ii) to correct inaccuracies in the Schedule identified as a result of the receipt of additional factual information relating to a Taxable Year
after the date the Schedule was provided to the Agent, (iii) to comply with the Expert’s determination under the Reconciliation Procedures, (iv) to reflect a change in the Realized Tax Benefit or Realized Tax Detriment for such
Taxable Year attributable to a carryback or carryforward of a loss or other Tax item to such Taxable Year, (v) to reflect a change in the Realized Tax Benefit or Realized Tax Detriment for such Taxable Year attributable to an amended
Corporation Return filed for such Taxable Year or (vi) to adjust an Exchange Schedule to take into account payments made pursuant to this Agreement (any such Schedule, an “Amended Schedule”). Unless otherwise agreed to in
writing by the Agent, the Corporation shall provide an Amended Schedule to the Agent (A) within sixty (60) calendar days of the occurrence of an event referenced in clauses (i) through (v) of the preceding sentence and (B) in
connection with the delivery of the Tax Benefit Schedule for the year of the applicable payment in the event of an adjustment pursuant to clause (vi) of the preceding sentence. For the avoidance of doubt, in the event a Schedule is amended
after such Schedule becomes final pursuant to Section 2.4(a), the Amended Schedule shall not be taken into account in calculating any Tax Benefit Payment in the Taxable Year to which the amendment relates but instead
shall be taken into account in calculating the Cumulative Net Realized Tax Benefit for the Taxable Year in which the amendment actually occurs. 

ARTICLE III 
 TAX
BENEFIT PAYMENTS 
 Section 3.1    Payments. 

(a)     Within five (5) calendar days after a Tax Benefit Schedule delivered to the Agent becomes final in accordance
with Section 2.4(a), the Corporation shall pay to each TRA Holder the Tax Benefit Payment for such Taxable Year determined pursuant to Section 3.1(b) that is Attributable to such TRA Holder;
provided, however, that notwithstanding the foregoing, any Tax Benefit Payment that is Attributable to Blocked Holdings or Unblocked Holdings and that would otherwise be payable to such TRA Holder shall instead be paid to Blocked Holdings and
Unblocked Holdings in the percentages set forth on Schedule A. Each such payment shall be made by check, by wire transfer of immediately available funds to the bank account previously designated by the TRA Holder to the Corporation, or as otherwise
agreed by the Corporation and the TRA Holder. For the avoidance of doubt, no Tax Benefit Payment shall be made in respect of estimated Tax payments, including, without limitation, U.S. federal or state estimated income Tax payments. 

(b)     A “Tax Benefit Payment” for a Taxable Year means an amount, not less than zero, equal to the sum
of the Net Tax Benefit and the Accrued Amount with respect thereto for such Taxable Year that is Attributable to such TRA Holder. Subject to Section 3.3, the “Net Tax Benefit” for a Taxable Year shall be an
amount equal to the excess, if any, of (i) 85% of the Cumulative Net Realized Tax Benefit as of the end of such Taxable Year over (ii) the total amount 

  
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of payments previously made under this Section 3.1 (excluding payments attributable to Accrued Amounts); provided, for the avoidance of doubt, that no TRA Holder
shall be required to return any portion of any previously made Tax Benefit Payment. The “Accrued Amount” with respect to any portion of a Net Tax Benefit shall equal an amount determined in the same manner as interest on such
portion of the Net Tax Benefit for a Taxable Year calculated at the Agreed Rate from the due date (without extensions) for filing the Corporation Return for such Taxable Year until the Payment Date. For the avoidance of doubt, for Tax purposes, the
Accrued Amount shall not be treated as interest but shall instead be treated as (i) additional consideration for the acquisition of (A) Exchangeable Units in an Exchange, (B) Units in the Reorganization Transactions, or (C) the
stock of the Blocker in the Reorganization Transactions, or (ii) as Guaranteed Payments (as applicable) unless otherwise required by law. Notwithstanding anything herein to the contrary, a TRA Holder may elect to limit the aggregate Tax Benefit
Payments to be made to it to a specified dollar amount or some other specified measurement by including a notice of its election to impose such a limitation, the specified limitation, and such other details as may be reasonably necessary to Agent
and the Corporation. 
 Section 3.2    No Duplicative Payments. It is intended that the
provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement will result in 85% of the Cumulative Net Realized Tax
Benefit, and the Accrued Amount thereon, being paid to the TRA Holders. The provisions of this Agreement shall be construed in the appropriate manner to achieve these fundamental results. 

Section 3.3    Coordination of Benefits. 

(a)     If for any reason the Corporation does not fully satisfy its payment obligations to make all Tax Benefit Payments
due under this Agreement in respect of a particular Taxable Year, then (i) the Corporation will pay the same proportion of each Tax Benefit Payment due to each TRA Holder in respect of such Taxable Year, without favoring one obligation over the
other, and (ii) no Tax Benefit Payment shall be made in respect of any Taxable Year until all Tax Benefit Payments in respect of prior Taxable Years have been made in full. 

(b)     To the extent the Corporation makes a payment to a TRA Holder in respect of a particular Taxable Year under
Section 3.1(a) (taking into account Section 3.3(a) and (b), but excluding payments attributable to Accrued Amounts) in an amount in excess of the amount of such payment that should
have been made to such TRA Holder in respect of such Taxable Year, then (i) such TRA Holder shall not receive further payments under Section 3.1(a) until such TRA Holder has foregone an amount of payments equal
to such excess and any Accrued Amounts paid attributable to such excess and (ii) the Corporation will pay the amount of such TRA Holder’s foregone payments (other than any foregone payments in respect of Accrued Amounts) to the other
Persons to whom a payment is due under this Agreement in a manner such that each such Person to whom a payment is due under this Agreement, to the maximum extent possible, receives aggregate payments under Section 3.1(a)
(taking into account Section 3.3(a) and this Section 3.3(b), but excluding payments attributable to Accrued Amounts) in the amount it would have received if there had been no excess payment to such
TRA Holder. 

  
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 ARTICLE IV 

TERMINATION 

Section 4.1    Early Termination by the Corporation. With the written
approval of a majority of its independent directors, the Corporation may terminate this Agreement at any time by paying to each TRA Holder the Early Termination Payment due to such TRA Holder pursuant to
Section 4.5(b), provided, however, that this Agreement shall only terminate upon the receipt of the Early Termination Payment by the TRA Holders (such termination, an “Early
Termination”). Upon payment of the Early Termination Payment by the Corporation, the Corporation shall not have any further payment obligations under this Agreement, other than for any (i) Tax Benefit Payment previously due and payable
but unpaid as of the Early Termination Notice and (ii) any Tax Benefit Payment due for any Taxable Year ending prior to, with or including the Early Termination Date (except to the extent that the amount described in clause (ii) is
included in the Early Termination Payment). 
 Section 4.2    Early Termination upon
Change of Control. In the event of a Change of Control, all obligations hereunder shall be accelerated and such obligations shall be calculated as if an Early Termination Notice had been delivered on the Change of Control Date and shall
include, but not be limited to the following: (a) payment of the Early Termination Payment calculated as if an Early Termination Notice had been delivered on such Change of Control Date, (b) payment of any Tax Benefit Payment in respect of
a TRA Holder agreed to by the Corporation and such TRA Holder as due and payable but unpaid as of the deemed Early Termination Notice, and (c) payment of any Tax Benefit Payment due for any Taxable Year ending prior to, with or including such
Change of Control Date (except to the extent that the amount described in clause (c) is included in the Early Termination Payment or as a payment under clause (b)). In the event of a Change of Control, the Early Termination Payment shall be
calculated utilizing the Valuation Assumptions and by substituting in each case the term “Change of Control Date” for the term “Early Termination Date.” 

Section 4.3    Breach of Agreement. 

(a)     In the event that the Corporation breaches any of its material obligations under this Agreement, whether as a
result of failure to make any payment when due, as a result of failure to honor any other material obligation required hereunder or by operation of law as a result of the rejection of this Agreement in a case commenced under the Bankruptcy Code or
otherwise, then, unless otherwise waived in writing by a majority of the TRA Holders (which majority shall be determined based on their relative direct or indirect ownership of the Company as of immediately after the Reorganization Transactions),
such breach shall be treated as an Early Termination and all obligations hereunder shall be accelerated and such obligations shall be calculated as if an Early Termination Notice had been delivered on the date of such breach and shall include, but
shall not be limited to, (i) the Early Termination Payment calculated as if an Early Termination Notice had been delivered on the date of a breach, (ii) any Tax Benefit Payment previously due and payable but unpaid as of the date of the
breach, and (iii) any Tax Benefit Payment due for any Taxable Year ending prior to, with or including the date of the breach (except to the extent that the amount described in clause (iii) is included in the Early Termination Payment or as
a payment under clause (ii)). Notwithstanding the foregoing, in the event that the Corporation breaches any of its material obligations under this Agreement, a majority of the TRA Holders (which majority shall be

  
 15 

 
determined based on their direct or indirect ownership of the Company) shall be entitled to elect to receive the amounts set forth in clauses (i), (ii), and (iii) above or to seek specific
performance of the terms hereof. 
 (b)     The parties agree that the failure to make any payment due pursuant to this
Agreement within three (3) months of the date such payment is due shall be deemed to be a breach of a material obligation under this Agreement for all purposes of this Agreement, and that it shall not be considered to be a breach of a material
obligation under this Agreement to make a payment due pursuant to this Agreement within three (3) months of the date such payment is due. The Corporation shall use its commercially reasonable efforts to maintain sufficient available funds for
the purpose of making required payments under Section 3.1(a) and shall use its commercially reasonable efforts to avoid entering into credit agreements or other contractual constraints that could be reasonably anticipated to materially delay
the timing of any payments under Section 3.1(a). Notwithstanding anything in this Agreement to the contrary, it shall not be a breach of this Agreement if the Corporation fails to make any payment due pursuant to this Agreement as a result of
and to the extent the Corporation has insufficient funds to make such payment or is contractually constrained from making such payment; provided that the interest provisions of Section 5.2 shall apply to such late payment
(unless the Corporation does not have sufficient cash or is not otherwise permitted to make such payment as a result of limitations imposed by debt agreements to which the Corporation or its Subsidiaries is a party, in which case
Section 5.2 shall apply, but the Default Rate shall be replaced by the Agreed Rate); provided, further, that the Corporation shall promptly (and in any event, within two (2) Business Days), pay all such unpaid
payments, together with accrued and unpaid interest thereon, immediately following such time that the Corporation has, and to the extent the Corporation has, sufficient funds to make such payment and is not contractually constrained from making such
payment, and the failure of the Corporation to do so shall constitute a breach of this Agreement. For the avoidance of doubt, all cash and cash equivalents used or to be used to pay dividends by, or optionally repurchase equity securities of, the
Corporation shall be deemed to be funds sufficient and available to pay such unpaid payments, together with any accrued and unpaid interest thereon. 

Section 4.4    Early Termination Notice. If the Corporation chooses to exercise its right
of early termination under Section 4.1, the Corporation shall deliver to the Agent notice of such intention to exercise such right (the “Early Termination Notice”). Upon delivery of the Early Termination
Notice or the occurrence of an event described in Section 4.2 or Section 4.3(a), the Corporation shall deliver (i) a schedule showing in reasonable detail the calculation of the Early
Termination Payment (the “Early Termination Schedule”) and (ii) any other work papers reasonably requested by the Agent. In addition, the Corporation shall allow the Agent and the reasonable access at no cost to the appropriate
representatives of the Corporation in connection with a review of such Early Termination Schedule. The Early Termination Schedule shall become final and binding on all parties thirty (30) calendar days from the first date on which the Agent and
have received such Schedule or amendment thereto unless (x) the Agent, within thirty (30) calendar days after receiving the Early Termination Schedule, provides the Corporation with notice of a material objection to such Schedule made in
good faith (“Material Objection Notice”) or (y) the Agent provides a written waiver of such right of a Material Objection Notice within the period described in clause (x) above, in which case such Schedule becomes binding
on the date a waiver from the Agent has been received by the Corporation (the date on which the Early Termination Schedule becomes final and binding hereunder, the “Early Termination Effective Date”). If the

  
 16 

 
Corporation and Agent, for any reason, are unable to successfully resolve the issues raised in such notice within thirty (30) calendar days after receipt by the Corporation of the Material
Objection Notice, the Corporation and Agent shall employ the Reconciliation Procedures under Section 7.9. 

Section 4.5    Payment upon Early Termination. 

(a)     Within three (3) calendar days after the Early Termination Effective Date, the Corporation shall pay to each
TRA Holder its Early Termination Payment. Each such payment shall be made by check, by wire transfer of immediately available funds to a bank account or accounts designated by the TRA Holder, or as otherwise agreed by the Corporation and the TRA
Holder. 
 (b)     The “Early Termination Payment” shall equal, with respect to each TRA Holder, the
present value, discounted at the Early Termination Rate as of the Early Termination Date, of all Tax Benefit Payments that would be required to be paid by the Corporation to such TRA Holder beginning from the Early Termination Date and assuming that
the Valuation Assumptions are applied. 
 ARTICLE V 

SUBORDINATION AND LATE PAYMENTS 

Section 5.1    Subordination. Notwithstanding any other provision of this Agreement to
the contrary, any Tax Benefit Payment, Early Termination Payment or any other payment required to be made by the Corporation to any TRA Holder under this Agreement shall rank subordinate and junior in right of payment to any principal, interest or
other amounts due and payable in respect of any obligations in respect of indebtedness for borrowed money of the Corporation (such obligations, “Senior Obligations”) and shall rank pari passu with all
current or future unsecured obligations of the Corporation that are not Senior Obligations. For the avoidance of doubt, notwithstanding the above, the determination of whether it is a breach of this Agreement if the Corporation fails to make any Tax
Benefit Payment or other payment under this Agreement when due is governed by Section 4.3(a). 

Section 5.2    Late Payments by the Corporation. The amount of all
or any portion of any Tax Benefit Payment, Early Termination Payment or any other payment under this Agreement not made to any TRA Holder when due under the terms of this Agreement shall be payable together with any interest thereon, computed at the
Default Rate (or, if so provided in Section 4.3(a), at the Agreed Rate) and commencing from the date on which such Tax Benefit Payment, Early Termination Payment or any other payment under this Agreement was due and
payable. 
 ARTICLE VI 

PARTICIPATION IN TAX MATTERS; CONSISTENCY; COOPERATION 

Section 6.1    Participation in the Corporation’s Tax Matters. Except as otherwise
provided herein, the Corporation shall have full responsibility for, and sole discretion over, all Tax matters concerning the Corporation, including without limitation preparing, filing or amending any Tax Return and defending, contesting or
settling any issue pertaining to Taxes of the Corporation. Notwithstanding the foregoing, the Corporation (i) shall notify the Agent of, and keep the Agent reasonably informed with respect to, the portion of any audit, examination, or any other

  
 17 

 
administrative or judicial proceeding (a “Tax Proceeding”) of the Corporation or the Company by a Taxing Authority the outcome of which is reasonably expected to affect the
rights and obligations of the TRA Holders under this Agreement, (ii) shall provide the Agent with reasonable opportunity to provide information and other input to the Corporation and its advisors concerning the conduct of any such portion of a
Tax Proceeding, and (iii) shall not enter into any settlement with respect to any such portion of a Tax Proceeding that could have a material effect on the TRA Holders’ rights (including the right to receive payments) under this Agreement
without the written consent of the Agent, such consent not to be unreasonably withheld, conditioned or delayed; provided, however, that the Corporation shall not be required to take any action, or refrain from taking any action, that
is inconsistent with any provision of the LLC Agreement; provided, further, that, notwithstanding anything to the contrary contained herein, the Corporation shall prepare, file, and/or amend all Tax Returns in accordance with
applicable law (including with respect to the calculation of taxable income and any calculations required to be made under this Agreement) and nothing in this Agreement shall prevent the Agent from disputing such Tax matters in accordance with
Section 7.9. 
 Section 6.2    Consistency. The
Corporation and the TRA Holders agree to report and cause to be reported for all purposes, including U.S. federal, state and local Tax purposes and financial reporting purposes, all Tax-related items
(including, without limitation, the Basis Adjustments, Imputed Interest, and each Tax Benefit Payment), but, for financial reporting purposes, only in respect of items that are not explicitly characterized as “deemed” or in a similar
manner by the terms of this Agreement, in a manner consistent with that set forth in any Schedule required to be provided by or on behalf of the Corporation under this Agreement, as finally determined pursuant to
Section 2.4 unless otherwise required by applicable law. If the Corporation and any TRA Holder, for any reason, are unable to successfully resolve any disagreement concerning such treatment within thirty (30) calendar
days, the Corporation and such TRA Holder shall employ the Reconciliation Procedures under Section 7.9. 

Section 6.3    Cooperation. Each TRA Holder shall (i) furnish to the Corporation in
a timely manner such information, documents and other materials as the Corporation may reasonably request for purposes of making any determination or computation necessary or appropriate under this Agreement, preparing any Tax Return or contesting
or defending any Tax Proceeding, (ii) make itself available to the Corporation and its representatives to provide explanations of documents and materials and such other information as the Corporation or its representatives may reasonably
request in connection with any of the matters described in clause (i) above, and (iii) reasonably cooperate in connection with any such matter. The Corporation shall reimburse the TRA Holder for any reasonable third-party costs and
expenses incurred pursuant to this Section 6.3. 

Section 6.4    LLC Agreement. This Agreement and the Exchange Agreement shall each be
treated as part of the LLC Agreement as described in Section 761(c) of the Code and Treasury Regulations Sections 1.704-1(b)(2)(ii)(h) and 1.761-1(c) with respect
to payments to a TRA Holder. 

  
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 ARTICLE VII 

MISCELLANEOUS 

Section 7.1    Notices. All notices, demands or other communications to be given or
delivered under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to have been given or made when (a) delivered personally to the recipient, (b) delivered by means of electronic mail (with hard copy
sent to the recipient by reputable overnight courier service (charges prepaid) that same day) if emailed before 5:00 p.m. Phoenix, Arizona time on a Business Day, and otherwise on the next Business Day, or (c) one (1) Business Day after being
sent to the recipient by reputable overnight courier service (charges prepaid). All notices hereunder shall be delivered as set forth below, or pursuant to such other instructions as may be designated in writing by the party to receive such notice:

 If to the Corporation or the Company, to: 

c/o Allvue Systems Holdings, Inc. 

396 Alhambra Circle, 11th Floor 

Coral Gables, FL 33134 

Telephone: (305) 901-7060 

Attention: Mark Heimbouch, Chief Executive Officer 

E-mail: [***] 

with a copy (which shall not constitute notice to the Corporation or the Company) to: 

Kirkland & Ellis LLP 

300 North LaSalle 
 Chicago, IL
60654 
 Telephone: (312) 862-2133 

Attention: [***] 
 E-mail: [***] 
 If to a TRA Holder other than the Agent, to the address set forth in the records of the
Company. 
 Any party may change its address or fax number by giving the other party written notice of its new address or fax number in the manner set forth
above. 
 Section 7.2    Counterparts. This Agreement may be executed in one or more
counterparts, all of which shall be considered one and the same agreement and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other parties, it being understood that all parties need
not sign the same counterpart. Delivery of an executed signature page to this Agreement by facsimile transmission shall be as effective as delivery of a manually signed counterpart of this Agreement. 

Section 7.3    Entire Agreement; No Third Party Beneficiaries. This Agreement constitutes
the entire agreement and supersedes all prior agreements and understandings, both written and oral, among the parties with respect to the subject matter hereof. This Agreement shall 

  
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be binding upon and inure solely to the benefit of each party hereto and their respective successors and permitted assigns, and nothing in this Agreement, express or implied, is intended to or
shall confer upon any other Person any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement, except as expressly provided in Section 3.3. 

Section 7.4    Governing Law. This Agreement shall be governed by, and construed in
accordance with, the law of the State of Delaware, without regard to the conflicts of laws principles thereof that would mandate the application of the laws of another jurisdiction. 

Section 7.5    Severability. If any term or other provision of this Agreement is invalid,
illegal or incapable of being enforced by any law or public policy, all other terms 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 in an acceptable manner in order that the transactions contemplated hereby are consummated as originally contemplated to the greatest extent possible. 

Section 7.6    Successors: Assignment. Each party agrees that each TRA Holder may assign,
sell, transfer, delegate, or otherwise dispose of, whether voluntarily or involuntarily, or by operation of law, any right or obligation under this Agreement only to the extent permitted by this Section 7.6. Any purported assignment, transfer,
or delegation in violation of this Section 7.6 shall be null and void. This Agreement shall be binding upon and shall inure to the benefit of the parties and their respective successors and permitted assigns. Except for those enumerated above,
this Agreement does not create, and shall not be construed as creating, any rights or claims enforceable by any person or entity not a party to this Agreement. A TRA Holder shall have the option to assign all or a portion of its rights under this
Agreement as long as such transferee has executed and delivered, or, in connection with such transfer, executes and delivers, a joinder to this Agreement in form and substance reasonably satisfactory to the Corporation agreeing to become a “TRA
Holder” for all purposes of this Agreement, and any and all payments payable or that may become payable to a TRA Holder pursuant to this Agreement that, once an Exchange has occurred, arise with respect to the Exchangeable Units transferred in
such Exchange, may be assigned to any Person or Persons as long as any such Person has executed and delivered, or, in connection with such assignment, executes and delivers, a joinder to this Agreement in form and substance reasonably satisfactory
to the Corporation agreeing to be bound by Section 7.14. For the avoidance of doubt, if a TRA Holder transfers Units but does not assign to the transferee of such Units such TRA Holder’s rights under this Agreement
with respect to such transferred Units, such TRA Holder shall continue to be entitled to receive the Tax Benefit Payments arising in respect of a subsequent Exchange of such Units. 

Section 7.7    Amendments: Waivers. No provision of this Agreement may be amended or
waived unless such amendment or waiver is approved in writing by each of the Corporation and by TRA Holders who would be entitled to receive more than fifty percent (50%) of the aggregate amount of the Early Termination Payments payable to all TRA
Holders hereunder if the Corporation had exercised its right of Early Termination on the date of the most recent Exchange prior to such amendment or waiver (excluding, for purposes of this sentence, all payments made

  
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to any TRA Holder pursuant to this Agreement since the date of such most recent Exchange); provided, however, that no such amendment or waiver shall be effective if (i) such amendment
or waiver would have a disproportionate effect on the payments certain TRA Holders will or may receive under this Agreement unless all such disproportionately affected TRA Holders consent in writing to such amendment or waiver, (ii) greater
than 20% of the aggregate amount of Early Termination Payments would be payable to affiliates of the Agent, without the prior written consent of the Agent. 

Section 7.8    Titles and Subtitles. The titles of the sections and subsections of this
Agreement are for convenience of reference only and are not to be considered in construing this Agreement. 

Section 7.9    Reconciliation. In the event that the Corporation and the Agent (as
applicable, the “Disputing Party”) is unable to resolve a disagreement with respect to the calculations required to produce the schedules or other matters described in Section 2.4,
Section 4.4 and Section 6.2 within the relevant period designated in this Agreement (“Reconciliation Dispute”), the Reconciliation Dispute shall be submitted for determination to
the Expert. The Expert shall be a partner or principal in a nationally recognized accounting or law firm, and unless the Corporation and the Disputing Party agree otherwise, the Expert shall not, and the firm that employs the Expert shall not, have
any material relationship with the Corporation or the Disputing Party or other actual or potential conflict of interest. If the parties are unable to agree on an Expert within fifteen (15) calendar days of receipt by the respondents of written
notice of a Reconciliation Dispute, the Expert shall be appointed by the International Chamber of Commerce Centre for Expertise. The Expert shall resolve (a) any matter relating to the Exchange Schedule or an amendment thereto or the Early
Termination Schedule or an amendment thereto within thirty (30) calendar days, (b) any matter relating to a Tax Benefit Schedule or an amendment thereto within fifteen (15) calendar days, and (c) any matter related to treatment
of any tax-related item as contemplated in Section 6.2 within fifteen (15) calendar days or, in each case, as soon thereafter as is reasonably practicable after such matter has
been submitted to the Expert for resolution. Notwithstanding the preceding sentence, if the matter is not resolved before any payment that is the subject of a disagreement would be due (in the absence of such disagreement) or any Tax Return
reflecting the subject of a disagreement is due, any portion of such payment that is not under dispute shall be paid on the date prescribed by this Agreement and such Tax Return may be filed as prepared by the Corporation, subject to adjustment or
amendment upon resolution. The costs and expenses relating to the engagement of such Expert or amending any Tax Return shall be borne by the Corporation except as provided in the next sentence. The Corporation and the Disputing Party shall each bear
its own costs and expenses of such proceeding, unless (i) the Expert adopts such Disputing Party’s position (as determined by the Expert), in which case the Corporation shall reimburse such Disputing Party for any reasonable out-of-pocket costs and expenses in such proceeding, or (ii) the Expert adopts the Corporation’s position (as determined by the Expert), in which case such Disputing
Party shall reimburse the Corporation for any reasonable out-of-pocket costs and expenses in such proceeding. Any dispute as to whether a dispute is a Reconciliation
Dispute within the meaning of this Section 7.9 shall be decided by the Expert. The Expert shall finally determine any Reconciliation Dispute and the determinations of the Expert pursuant to this
Section 7.9 shall be binding on the Corporation and its Subsidiaries and the Disputing Party and may be entered and enforced in any court having jurisdiction. 

  
 21 

 Section 7.10    Consent to
Jurisdiction. Each party hereto irrevocably submits to the exclusive jurisdiction of the United States District Court for the State of Delaware and the state courts of the State of Delaware for the purposes of any suit, action or other
proceeding arising out of this Agreement or any transaction contemplated hereby. Each party hereto further agrees that service of any process, summons, notice or document by United States certified or registered mail (in each such case, prepaid
return receipt requested) to such party’s respective address set forth in the Company’s books and records or such other address or to the attention of such other person as the recipient party has specified by prior written notice to the
sending party shall be effective service of process in any action, suit or proceeding in Delaware with respect to any matters to which it has submitted to jurisdiction as set forth above in the immediately preceding sentence. Each party hereto
irrevocably and unconditionally waives any objection to the laying of venue of any action, suit or proceeding arising out of this Agreement or the transactions contemplated hereby in the United States District Court for the State of Delaware or the
state courts of the State of Delaware and hereby irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, suit or proceeding brought in such court has been brought in an inconvenient forum. 

Section 7.11    Waiver of Jury Trial. Because disputes arising in connection with complex
transactions are most quickly and economically resolved by an experienced and expert person and the parties wish applicable state and federal laws to apply (rather than arbitration rules), the parties desire that their disputes be resolved by a
judge applying such applicable laws. Therefore, to achieve the best combination of the benefits of the judicial system and of arbitration. Each party to this agreement (including the Company) hereby waives all rights to trial by jury in any action
or proceeding brought to resolve any dispute between or among any of the parties hereto. Whether arising in contract, tort, or otherwise, arising out of, connected with, related or incidental to this agreement. The transactions contemplated hereby
and/or the relationships established among the parties hereunder. 

Section 7.12    Withholding. The Corporation shall be entitled to deduct and withhold
from any payment payable pursuant to this Agreement such amounts as the Corporation is required to deduct and withhold with respect to the making of such payment under the Code or any provision of U.S. federal, state, local or non-U.S. Tax law. To the extent that amounts are so withheld and paid over to the appropriate Taxing Authority by the Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having
been paid to the relevant TRA Holder. 
 Section 7.13    Admission of the
Corporation into a Consolidated Group; Transfers of Corporate Assets. 
 (a)     If the Corporation is
or becomes a member of an affiliated, consolidated, combined, or unitary group of corporations that files a consolidated, combined, or unitary income Tax Return pursuant to Sections 1501 et seq. of the Code or any corresponding provisions of
U.S. state or local Tax law, then, subject to the application of the Valuation Assumptions upon a Change of Control: (i) the provisions of this Agreement shall be applied with respect to the group as a whole; and (ii) Tax Benefit Payments,
Early Termination Payments and other applicable items hereunder shall be computed with reference to the consolidated taxable income of the group as a whole. 

  
 22 

 (b)     If any entity that is obligated to make a Tax Benefit Payment or
Early Termination Payment hereunder or the Company or any Subsidiary of the Company transfers one or more assets to a corporation (or a Person classified as a corporation for Tax purposes) with which the Corporation does not file a consolidated Tax
Return pursuant to Section 1501 of the Code or any provisions of state or local Tax law, such entity, for purposes of calculating the amount of any Tax Benefit Payment or Early Termination Payment (e.g., calculating the gross income of the
entity and determining the Realized Tax Benefit or Realized Tax Detriment of such entity) due hereunder, shall be treated as having disposed of such asset in a fully taxable transaction on the date of such contribution. The consideration deemed to
be received by such entity shall be equal to the fair market value of the contributed asset. Thus, for example, in determining the Hypothetical Tax Liability of the entity, the taxable income of the entity shall be determined by treating the entity
as having sold the asset for its fair market value, recovering any basis applicable to such asset (using the Tax basis that such asset would have had at such time if no Basis Adjustments had been made), while the Actual Tax Liability of the entity
would be determined by recovering the actual Tax basis of the asset that reflects any Basis Adjustments. For purposes of this Section 7.13, a transfer of a partnership interest shall be treated as a transfer of the
transferring partner’s share of each of the assets and liabilities of that partnership. If any entity that is obligated to make a Tax Benefit Payment or Early Termination Payment hereunder or the Company or any Subsidiary of the Company
transfers one or more assets to a partnership (or a Person classified as a partnership for Tax purposes), the principles of this Section 7.13(b) and this Agreement shall govern the treatment of such transfer and any
subsequent allocations of income, gain, loss or deductions from such partnership to such entity. 

Section 7.14    Confidentiality. 

(a)     The Agent, each TRA Holder and each of the TRA Holder’s assignees acknowledges and agrees that the information
of the Corporation is confidential and, except in the course of performing any duties as necessary for the Corporation and its Affiliates, as required by law or legal process or to enforce the terms of this Agreement, such person shall keep and
retain in the strictest confidence and not disclose to any Person any confidential matters, acquired pursuant to this Agreement, of the Corporation and its Affiliates and successors, concerning the Company and its Affiliates and successors or the
TRA Holders, learned by the Agent or any TRA Holder heretofore or hereafter. This Section 7.14 shall not apply to (i) any information that has been made publicly available by the Corporation or any of its Affiliates,
becomes public knowledge (except as a result of an act of the Agent or a TRA Holder in violation of this Agreement) or is generally known to the business community and (ii) the disclosure of information (A) as may be proper in the course
of performing such TRA Holder’s obligations, or monitoring or enforcing such TRA Holder’s rights, under this Agreement, (B) as part of such TRA Holder’s normal reporting, rating or review procedure (including normal credit rating
and pricing process), or in connection with such TRA Holder’s or such TRA Holder’s Affiliates’ normal fund raising, marketing, informational or reporting activities, or to such TRA Holder’s (or any of its Affiliates’)
Affiliates, auditors, accountants, attorneys or other agents, (C) to any bona fide prospective assignee of such TRA Holder’s rights under this Agreement, or prospective merger or other business combination partner of such TRA Holder,
provided that such assignee or merger partner agrees to be bound by the provisions of this Section 7.14. (D) as is required to be disclosed by order of a court of competent jurisdiction, administrative body or
governmental body, or by subpoena, summons or legal process, or by law, rule or regulation; provided that any TRA Holder 

  
 23 

 
required to make any such disclosure to the extent legally permissible shall provide the Corporation prompt notice of such disclosure, or to regulatory authorities or similar examiners conducting
regulatory reviews or examinations (without any such notice to the Corporation), or (E) to the extent necessary for a TRA Holder to prepare and file its Tax Returns, to respond to any inquiries regarding such Tax Returns from any Taxing
Authority or to prosecute or defend any Tax Proceeding with respect to such Tax Returns. Notwithstanding anything to the contrary herein, the Agent (and each employee, representative or other agent of Agent or its assignees, as applicable) and each
TRA Holder and each of its assignees (and each employee, representative or other agent of such TRA Holder or its assignees, as applicable) may disclose to any and all Persons, without limitation of any kind, the Tax treatment and Tax structure of
the Corporation, the Company, the Agent, the TRA Holders and their Affiliates, and any of their transactions, and all materials of any kind (including opinions or other Tax analyses) that are provided to the Agent or the TRA Holder relating to such
Tax treatment and Tax structure. 
 (b)     If the Agent or an assignee or a TRA Holder or an assignee commits a breach,
or threatens to commit a breach, of any of the provisions of this Section 7.14 the Corporation shall have the right and remedy to have the provisions of this Section 7.14 specifically enforced by
injunctive relief or otherwise by any court of competent jurisdiction without the need to post any bond or other security, it being acknowledged and agreed that any such breach or threatened breach shall cause irreparable injury to the Corporation
or any of its Subsidiaries or the TRA Holders and the accounts and funds managed by the Corporation and that money damages alone shall not provide an adequate remedy to such Persons. Such rights and remedies shall be in addition to, and not in lieu
of, any other rights and remedies available at law or in equity. 
 Section 7.15    No
Similar Agreements. Neither the Corporation nor any of its Subsidiaries shall enter into any additional agreement providing rights similar to this Agreement to any Person (including any agreement pursuant to which the Corporation is obligated to
pay amounts with respect to tax benefits resulting from any net operating losses or other tax attributes to which the Corporation becomes entitled as a result of a transaction) without the prior written consent of the TRA Holders who would be
entitled to receive more than fifty percent (50%) of the aggregate amount of the Early Termination Payments payable to all TRA Holders hereunder if the Corporation had exercised its right of early termination on the date of the most recent Exchange
(excluding, for purposes of this sentence, all payments made to any TRA Holder pursuant to this Agreement since the date of such most recent Exchange). 

Section 7.16    Change in Law. Notwithstanding anything herein to the contrary, if, in
connection with an actual or proposed change in law, a TRA Holder reasonably believes that the existence of this Agreement could cause income (other than income arising from receipt of a payment under this Agreement) recognized by such TRA Holder
upon any Exchange to be treated as ordinary income rather than capital gain (or otherwise taxed at ordinary income rates) for U.S. federal income and all applicable state and local Tax purposes or would have other material adverse Tax consequences
to the TRA Holder and/or its direct or indirect owners, then at the election of the TRA Holder and to the extent specified by the TRA Holder, this Agreement (i) shall cease to have further effect with respect to such TRA Holder, (ii) shall
not apply to an Exchange by the TRA Holder occurring after a date specified by such TRA Holder, or (iii) shall otherwise be amended in a manner determined by the TRA Holder to waive any benefits to which such TRA Holder would otherwise be
entitled under this Agreement, provided that such amendment shall not result in an increase in or acceleration of payments under this Agreement at any time as compared to the amounts and times of payments that would have been due in the absence of
such amendment. 

  
 24 

 [Signature Pages Follow] 

  
 25 

 IN WITNESS WHEREOF, the Corporation, the Company, the Agent, and the TRA Holders have duly
executed this Agreement as of the date first written above. 
  

			
	CORPORATION:
	
	ALLVUE SYSTEMS HOLDINGS, INC.
		
	By:	 	
                     
                                         
       

	Name:	 	
	Title:	 	
	
	COMPANY:
	
	BLUEFIN TOPCO, LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	AGENT:
	
	[●]
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	TRA HOLDERS:
	
	[●]
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 [Signature Page to Tax
Receivable Agreement] 

 Schedule A 

Holders and TRA Percentage Interests 
 Blocked
Holdings - [●]% 
 Unblocked Holdings - [●]% 

[Other TRA Holders] 

  
 [Schedule A to Tax
Receivable Agreement – Allvue Systems Holdings, Inc.]EX-10.2

 Exhibit 10.2 

EXCHANGE AGREEMENT 

This EXCHANGE AGREEMENT (as it may be amended from time to time in accordance with the terms hereof, the “Agreement”), dated
as of [•], 2021 and effective as of immediately prior to the consummation of the IPO (as defined below) (the “Effective Time”), is made by and among Allvue Systems Holdings, Inc., a Delaware corporation (the
“Corporation”), Bluefin Topco, LLC, a Delaware limited liability company (the “Company”), and the holders from time to time of the Company’s Common Units (as defined below) listed on the signature pages hereto
as “Members” (collectively, the “Members” and individually, a “Member”). 
 WHEREAS, in
connection with the initial public offering of the Corporation’s Class A Common Stock (the “IPO”), the Corporation intends to consummate the transactions described in the Registration Statement on Form S-1, as amended (Registration No. 333-[•]); and 

WHEREAS, the parties to this Agreement desire to provide for the exchange of Exchangeable Units together with shares of Class V Common
Stock (as defined below) for shares of Class A Common Stock (as defined below), on the terms and subject to the conditions set forth herein. 

NOW, THEREFORE, in consideration of the mutual covenants and undertakings contained herein and for good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 ARTICLE I 

Section 1.1 Definitions. 

As used in this Agreement, the following terms have the following meanings: 

“Adjusted Participation Threshold” means, with respect to any Class B Common Unit as of any date of determination, an
amount equal to (i) the Participation Threshold of such Class B Common Unit as of such date divided by (ii) the Exchange Rate as of such date. 

“Affiliate” has the meaning set forth in the LLC Agreement. 

“Agreement” has the meaning set forth in the preamble. 

“Business Day” means any day other than a Saturday, Sunday or other day on which the banks in New York, New York or Coral
Gables, Florida are authorized by law to be closed. 
 “Cash Payment” means, with respect to any Exchange, an amount in
cash equal to the product of (x) the Net Exchanged Unit Amount, (y) the then-applicable Exchange Rate, and (z) (i) solely in connection with a Change of Control Exchange, the Class A Common Stock Value, and (ii) with respect
to any Exchange that is not a Change of Control Exchange, the price to the public or the private sale price, as applicable, of the Corporation’s Class A Common Stock in the substantially concurrent public offering or private sale, net of
underwriting (or similar) discounts and commissions, as applicable. 

 “Change of Control” has the meaning set forth in the Tax Receivable
Agreement. 
 “Change of Control Exchange” has the meaning set forth in Section 2.1(b)(i). 

“Change of Control Exchange Date” has the meaning set forth in Section 2.1(b)(iii). 

“Class A Common Stock” means the Class A common stock, par value $0.0001 per share, of the
Corporation. 
 “Class A Common Stock Value” means, with respect to any Exchange, the greater of
(x) arithmetic average of the volume weighted average prices for a share of Class A Common Stock on the principal U.S. securities exchange or automated or electronic quotation system on which the Class A Common Stock trades, as
reported by Bloomberg, L.P., or its successor, for each of the three (3) consecutive full Trading Days ending on and including the last full Trading Day immediately prior to the related Exchange Date, subject to appropriate and equitable
adjustment for any stock splits, reverse splits, stock dividends or similar events affecting the Class A Common Stock, and (y) the price per share of Class A Common Stock offered by the Person or group that is the acquirer in the
applicable Change of Control transaction. If the Class A Common Stock no longer trades on a securities exchange or automated or electronic quotation system, then the Class A Common Stock Value shall be determined in good faith by a
majority of the directors of the Corporation that do not have an interest in the Exchangeable Units and shares of Class V Common Stock being Exchanged. 

“Class A Common Unit” has the meaning set forth in the LLC Agreement. 

“Class B Common Unit” has the meaning set forth in the LLC Agreement. 

“Class V Common Stock” means the Class V Common Stock, par value $0.0001 per share, of the
Corporation. 
 “Code” means the Internal Revenue Code of 1986, as amended. 

“Common Unit” has the meaning set forth in the LLC Agreement. 

“Contribution Notice” has the meaning set forth in Section 2.1(a)(iv). 

“Company” has the meaning set forth in the preamble. 

“Corporation” has the meaning set forth in the preamble. 

“Disinterested Directors” means, with respect to any Exchange, the members of the board of directors of the Corporation,
other than (a) those members of the board of directors having a material direct or indirect financial interest in or with respect to such Exchange and (b) any member of the board of directors who was nominated for election to the board of
directors by a Member effecting such exchange. A member of the Corporation’s board of directors shall not be deemed to have such a financial interest by reason of such member’s holding capital stock of the Corporation or any options,
warrants or other rights in respect of such capital stock or by reason of such member receiving any compensation from the Corporation. 

  
 2 

 “Effective Time” has the meaning set forth in the preamble. 

“Exchange” has the meaning set forth in Section 2.1(a)(i). 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Exchange Date” has the meaning set forth in Section 2.1(a)(iii). 

“Exchange Notice” has the meaning set forth in Section 2.1(a)(iii). 

“Exchange Rate” means the number of shares of Class A Common Stock for which one Class A Common Unit is entitled to
be Exchanged. The Exchange Rate will also be used to determine the number of shares of Class V Common Stock that a Member must surrender upon an Exchange, to the extent such Member holds Class V Common Stock. On the date of this Agreement,
the Exchange Rate shall be 1.00, subject to adjustment pursuant to Section 2.2 of this Agreement. 

“Exchangeable Class B Common Unit” means, with respect to any Exchange and any Member, a Vested
Class B Common Unit (as of the applicable Exchange Date) with an Adjusted Participation Threshold less than the applicable Class A Common Stock Value. 

“Exchangeable Unit” means a Class A Common Unit or an Exchangeable Class B Common Unit. For the avoidance of doubt,
the Class A Common Units held by the Corporation are not Exchangeable Units. 
 “First Exchange Time” means the
expiration or earlier waiver of any lockup agreement relating to the IPO. 
 “Governmental Entity” means any court,
administrative agency, regulatory body, commission, or other governmental authority, board, bureau, or instrumentality, domestic or foreign, and any subdivision thereof. 

“IPO” has the meaning set forth in the recitals. 

“Liens” means any and all liens, charges, security interests, options, claims, mortgages, pledges, proxies, voting trusts or
agreements, obligations, understandings or arrangements, or other restrictions on title or transfer of any nature whatsoever. 

“LLC Agreement” means the Third Amended and Restated Limited Liability Company Agreement of the Company dated as of the date
hereof, as the same may be amended, amended and restated or replaced from time to time. 
 “Manager” has the meaning set
forth in the LLC Agreement. 
 “Member” has the meaning set forth in the preamble. 

  
 3 

 “Net Exchangeable Class B Common Units” means, with
respect to an Exchange, an amount equal to the product of (i) the number of Exchangeable Class B Common Units set forth in the applicable Exchange Notice and (ii) an amount (greater than zero) equal to (A) one (1) minus
(B) a fraction, the numerator of which is the weighted average Adjusted Participation Threshold of the Exchangeable Class B Common Units set forth in the applicable Exchange Notice and the denominator of which is the applicable
Class A Common Stock Value. For purposes of this calculation, the number of Exchangeable Class B Common Units will be calculated on the close of business on the day before the Exchange Date based upon the applicable Class A Common
Stock Value and the exchanging Member’s Class B Common Unit vesting schedule, and, if necessary, the number of Exchangeable Class B Common Units that such Member requested to be exchanged in the related Exchange Notice will be
adjusted accordingly. 
 “Net Exchanged Unit Amount” means, with respect to an Exchange, (i) the number of
Class A Common Units set forth in the applicable Exchange Notice and (ii) the Net Exchangeable Class B Common Units set forth in the applicable Exchange Notice. 

“Participation Threshold” has the meaning set forth in the LLC Agreement 

“Permitted Transferee” has the meaning set forth in the LLC Agreement. 

“Person” means any natural person, corporation, limited partnership, general partnership, limited liability company, joint
stock company, joint venture, association, company, estate, trust, bank trust company, land trust, business trust or other organization, whether or not a legal entity, custodian, trustee-executor, administrator, nominee or entity in a representative
capacity, and any government or agency or political subdivision thereof. 
 “Registration Rights Agreement” means the
[Amended and Restated] Registration Rights Agreement by and among the Corporation and the other parties thereto, dated as of the date hereof, as the same may be amended, amended and restated or replaced from time to time. 

“Retraction Notice” has the meaning set forth in Section 2.1(a)(vi). 

“SEC” means the Securities and Exchange Commission. 

“Securities Act” means the U.S. Securities Act of 1933, as amended. 

“Subsidiary” means, with respect to any Person, any corporation, limited liability company, partnership, association or
business entity of which (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the
time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or (ii) if a limited liability company, partnership, association or other business entity (other
than a corporation), a majority of partnership or other similar ownership interests thereof is at the time owned or controlled, directly or indirectly, by any Person or one or more Subsidiaries of that Person or a combination thereof. For purposes
hereof and without limitation, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, association or other business entity (other than a corporation) if such Person or Persons shall be
allocated a majority of limited liability company, partnership, association or other business entity gains or losses or shall be or control the manager, managing member, managing director (or a board comprised of any of the foregoing) or general
partner of such limited liability company, partnership, association or other business entity. For purposes hereof, references to a “Subsidiary” of any Person shall be given effect only at such times that such Person has one or more
Subsidiaries. 

  
 4 

 “Takeover Laws” has the meaning set forth in
Section 3.1. 
 “Tax Receivable Agreement” means that certain Tax Receivable Agreement, dated on
or about the date hereof, among the Corporation, the Company and the other parties thereto, as the same may be amended, amended and restated or replaced from time to time. 

“Trading Day” means a day on which the principal U.S. securities exchange on which the Class A Common Stock is listed or
admitted to trading is open for the transaction of business (unless such trading shall have been suspended for the entire day). 

“Vested Class B Common Unit” has the meaning set forth in the LLC Agreement. 

“Voting Securities” means any equity securities of the Corporation that are entitled to vote generally in matters submitted
for a vote of the Corporation’s stockholders or generally in the election of the Corporation’s Board of Directors. 
 ARTICLE II

 Section 2.1 Exchange of Common Units. 

(a) Elective Exchanges. 

(i) From and after the First Exchange Time, each Member shall be entitled, upon the terms and subject to the conditions hereof
and the LLC Agreement, to surrender Exchangeable Units and, if such Member also holds Class V Common Stock, a corresponding number of shares of Class V Common Stock after taking into account the Exchange Rate (in each case, free and clear
of all Liens) to the Company in exchange for the delivery to such Member (or its designee) of either, at the option of the Corporation, (x) a number of shares of Class A Common Stock that is equal to the product of the applicable Net
Exchanged Unit Amount multiplied by the Exchange Rate or (y) solely in connection with an Exchange (including a Change of Control Exchange) that coincides with a substantially concurrent public offering or private sale of Class A Common
Stock, the applicable Cash Payment; provided, however, that the Corporation’s election to effect a Cash Payment shall be approved by a majority of the Disinterested Directors or a committee of Disinterested Directors. The Corporation shall be
entitled, at its election to instead effect a direct exchange with such Member in lieu of the exchange between the Company and the Member described in the preceding sentence. Any exchange of Exchangeable Units and, if applicable, Class V Common
Stock for Class A Common Stock or the Cash Payment, as applicable, is defined herein as an “Exchange.” Subject to Section 2.1(a)(ii), after the First Exchange Time a Member may Exchange Exchangeable
Units at any time and from time to time. Notwithstanding anything to the contrary herein, neither the Corporation nor the Company shall effectuate a Cash Payment 

  
 5 

 
pursuant to this Section 2.1(a) or Section 2.1(b) unless (A) the Corporation determines to consummate a private sale or public offering of
Class A Common Stock on, or not later than five (5) Business Days after, the relevant Exchange Date and (B) the Corporation contributes sufficient proceeds from such private sale or public offering to the Company (or the Corporation
retains sufficient proceeds, in the case of a direct exchange) for payment by the Company (or the Corporation) of the applicable Cash Payment. For the avoidance of doubt, the Company (or the Corporation) shall have no obligation to make a Cash
Payment that exceeds the cash contributed to the Company by the Corporation (or the cash retained by the Corporation, in the case of a direct exchange) from the Corporation’s offering or sales of Class A Common Stock referenced earlier in
this Section 2.1(a)(i). 
 (ii) Notwithstanding anything to the contrary contained herein, no
Member shall be entitled to effectuate an Exchange of Exchangeable Units (and a corresponding number of shares of Class V Common Stock after taking into account the Exchange Rate, if any) as set forth in this
Section 2.1(a), and the Corporation and Company shall have the right to refuse to honor any request for such an Exchange, if at any time the Corporation or the Company determines based on the advice of counsel that such
Exchange (1) would be prohibited by law or regulation (including, without limitation, the unavailability of a registration of such Exchange under the Securities Act, or an exemption from the registration requirements thereof), (2) would not be
permitted under any agreement with the Corporation, the Company or any of their Subsidiaries to which the applicable Member is party (including, without limitation, the LLC Agreement), or (3) solely in the case of an Exchange requested by an
officer, director or other personnel of the Corporation, the Company or any of their Subsidiaries, would not be permitted under any written policy of the Corporation, the Company or any of their Subsidiaries related to restrictions on trading by
such officers, directors or other personnel. Upon such determination, the Corporation or the Company (as applicable) shall notify the Member requesting the Exchange of such determination, which such notice shall include an explanation in reasonable
detail as to the reason that the Exchange has not been honored. 
 (iii) A Member shall exercise its right to effectuate an
Exchange of Exchangeable Units, and a corresponding number of shares of Class V Common Stock after taking into account the Exchange Rate (if any), as set forth in this Section 2.1(a) by delivering to the Company, with
a contemporaneous copy delivered to the Corporation, during normal business hours, (A) a written election of exchange in respect of the Exchangeable Units to be exchanged substantially in the form of Exhibit A hereto (an “Exchange
Notice”), duly executed by such Member, (B) any certificates in such Member’s possession representing such Exchangeable Units, (C) any stock certificates in such Member’s possession representing such shares of
Class V Common Stock and (D) if the Corporation, the Company or any exchanging Subsidiary requires the delivery of the certification contemplated by Section 2.4(b), such certification or written notice from such
Member that it is unable to provide such certification. Unless such Member timely 

  
 6 

 
has delivered a Retraction Notice pursuant to Section 2.1(a)(vi), an Exchange pursuant to this Section 2.1(a) shall be effected on the fifth
Business Day following the Business Day on which the Corporation and the Company have received the items specified in clauses (A)-(D) of the first sentence of this Section 2.1(a)(iii) or such later date that is a Business
Day specified in the Exchange Notice (such Business Day, the “Exchange Date”); provided, that the Corporation and the Company may establish alternate exchange procedures as necessary in order to facilitate the establishment
by a Member of a trading plan meeting the requirements of Rule 10b5-1 under the Exchange Act. On the Exchange Date, all rights of the exchanging Member as a holder of the Exchangeable Units and shares of
Class V Common Stock that are subject to the Exchange shall cease, and unless the Corporation has elected Cash Payment, such Member (or its designee) shall be treated for all purposes as having become the record holder of the shares of
Class A Common Stock to be received by the exchanging Member in respect of such Exchange. 
 (iv) Within two
(2) Business Days following the Business Day on which the Corporation and the Company have received the Exchange Notice, the Corporation shall give written notice (the “Contribution Notice”) to the Company (with a copy to the
exchanging Member) of its intended settlement method; provided that if the Corporation does not timely deliver a Contribution Notice, the Corporation shall be deemed to have not elected the Cash Payment method. 

(v) A Member may specify, in an applicable Exchange Notice, that the Exchange is to be contingent (including as to timing) upon
the occurrence of any transaction or event, including the consummation of a purchase by another Person (whether in a tender or exchange offer, an underwritten offering, Change of Control transaction or otherwise) of shares of Class A Common
Stock or any merger, consolidation or other business combination. 
 (vi) Notwithstanding anything herein to the contrary, a
Member may withdraw or amend its Exchange Notice, in whole or in part, at any time prior to 5:00 p.m. Coral Gables, Florida time, on the Business Day immediately prior to the Exchange Date by giving written notice (a “Retraction
Notice”) to the Company (with a copy to the Corporation) specifying (A) the number of withdrawn Exchangeable Units (and corresponding number of shares of Class V Common Stock after taking into account the Exchange Rate), (B) the
number of Exchangeable Units (and corresponding number of shares of Class V Common Stock after taking into account the Exchange Rate) as to which the Exchange Notice remains in effect, if any, and (C) if the Member so determines, a new
Exchange Date or any other new or revised information permitted in the Exchange Notice. 

  
 7 

 (b) Change of Control. In connection with a Change of Control, and
subject to any approval of the Change of Control by the holders of Class A Common Stock and Class V Common Stock that may be required: 

(i) The Corporation shall have the right to require each Member to effectuate an Exchange of some or all of such Member’s
Exchangeable Units, and a corresponding number of shares of Class V Common Stock (if any) after taking into account the Exchange Rate (in each case, free and clear of all Liens), with the Corporation or, at the option of the Corporation, with
any Subsidiary of the Corporation, in each case, in exchange for the delivery to the exchanging Member (or its designee) of a number of shares of Class A Common Stock that is equal to the product of the applicable Net Exchanged Unit Amount and
the Exchange Rate (such Exchange, a “Change of Control Exchange”); provided that, if the Corporation requires the Members to Exchange less than all of their outstanding Exchangeable Units (and corresponding number of shares
of Class V Common Stock (if any) after taking into account the Exchange Rate), each Member’s participation in the required Exchange shall be reduced pro rata based on ownership of Exchangeable Units. For the avoidance of doubt, any
Exchangeable Units and a corresponding number of shares of Class V Common Stock (if any) held by a Member that are not Exchanged pursuant to a Change of Control Exchange may be Exchanged by such Member after the Change of Control transaction
pursuant to Section 2.1(a) subject to and in accordance with the terms thereof. 
 (ii) The
election of the Corporation pursuant to this Section 2.1(b) shall be at the sole discretion of the Corporation upon the approval thereof by a majority of the directors of the Corporation that do not have an interest in the
Exchangeable Units and shares of Class V Common Stock being exchanged. 
 (iii) Any Exchange pursuant to this
Section 2.1(b) shall be effective immediately prior to the consummation of the Change of Control (and, for the avoidance of doubt, shall not be effective if such Change of Control is not consummated) (the “Change of
Control Exchange Date”). From and after the Change of Control Exchange Date, (x) the Exchangeable Units and shares of Class V Common Stock Exchanged pursuant to this Section 2.1(b) shall be deemed to be
transferred to the Corporation, or the exchanging Subsidiary, as applicable, on the Change of Control Exchange Date and (y) the exchanging Member shall cease to have any rights with respect to the Exchangeable Units and shares of Class V
Common Stock Exchanged pursuant to this Section 2.1(b) (other than the right to receive shares of Class A Common Stock pursuant to Section 2.1(b)(i) upon compliance with its obligations under
Section 2.1(c)). 
 (iv) The Corporation shall provide written notice of an expected Change of
Control to all Members within the earlier of (x) five (5) Business Days following the execution of the agreement with respect to such Change of Control and (y) ten (10) Business Days before the proposed date upon which the contemplated
Change of Control is to be effected, indicating in such notice such information as may reasonably describe the Change of Control transaction, subject to applicable law, including the date of execution of such agreement or such proposed effective
date, as applicable, the amount and types of consideration to be paid for Exchangeable Units and shares of Class V Common Stock or shares of Class A Common Stock, as applicable, in the Change of Control (which consideration shall be
equivalent 

  
 8 

 
whether paid for Exchangeable Units and shares of Class V Common Stock or shares of Class A Common Stock), any election with respect to types of consideration that a holder of
Exchangeable Units and shares of Class V Common Stock or shares of Class A Common Stock, as applicable, shall be entitled to make in connection with the Change of Control, the percentage of total Exchangeable Units and shares of
Class V Common Stock or shares of Class A Common Stock, as applicable, to be transferred to the acquirer by all shareholders in the Change of Control, and the number of Exchangeable Units and shares of Class V Common Stock held by
each Member that the Corporation intends to require to be Exchanged for shares of Class A Common Stock in connection with the Change of Control. The Corporation shall update such notice from time to time to reflect any material changes to such
notice. The Corporation may satisfy any such notice and update requirements described in the preceding two sentences by providing such information on a Form 8-K, Schedule TO, Schedule 14D-9, Preliminary Merger Proxy on Schedule 14A, Definitive Merger Proxy on Schedule 14A or similar form filed with the SEC. 

(c) Exchange Procedure on Change of Control Exchange. On or prior to the Change of Control Exchange Date, the Member
shall deliver to the Corporation or the exchanging Subsidiary, as applicable, with a contemporaneous copy delivered to the Company, in each case during normal business hours at the principal executive offices of the Company and the Corporation,
respectively: (A) an Exchange Notice, duly executed by such Member, (B) any certificates in such Member’s possession representing all Exchangeable Units being surrendered by the Member, (C) any stock certificates in such
Member’s possession representing all shares of Class V Common Stock being surrendered by the Member and (D) if the Croporation, the Company or the exchanging Subsidiary requires the delivery of the certification contemplated by
Section 2.4(b), such certification or written notice from such Member that it is unable to provide such certification. 

(d) Exchange Consideration. As promptly as practicable on or after the Exchange Date or Change of Control Exchange Date,
as applicable, provided the Member has satisfied its obligations under Section 2.1(a)(iii) or Section 2.1(c), as applicable, the Company or the Corporation shall deliver or cause to be delivered to
such Member (or its designee), either certificates or evidence of book-entry shares representing the number of shares of Class A Common Stock deliverable upon the applicable Exchange, registered in the name of the relevant exchanging Member (or
its designee) or, if the Corporation has so elected, the Cash Payment. Notwithstanding anything set forth in this Section 2.1(d) to the contrary, to the extent the Class A Common Stock issued in the exchange will be
settled through the facilities of The Depository Trust Company, the Company or the Corporation will, upon the written instruction of an exchanging Member, deliver the shares of Class A Common Stock deliverable to such Member through the
facilities of The Depository Trust Company to the account of the participant of The Depository Trust Company designated by such Member in the Exchange Notice. Upon a Member exercising its right to Exchange in accordance with
Section 2.1(a)(i) or the occurrence of a Change of Control Exchange, the Company or the Corporation shall take such actions as (A) may be required to ensure that such Member receives the shares of Class A Common
Stock or the Cash Payment that such exchanging Member is entitled to receive in connection with such Exchange pursuant to this Section 2.1, and (B) may be reasonably within its control that would cause such Exchange to
be treated for purposes of the Tax Receivable Agreement as an “Exchange” under the Tax Receivable Agreement. 

  
 9 

 (e) Legends. 

(i) The shares of Class A Common Stock issued upon an Exchange, other than any such shares issued in an Exchange subject
to an effective registration statement under the Securities Act, shall bear a legend in substantially the following form: 
 THE TRANSFER OF
THESE SECURITIES HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER THE SECURITIES LAWS OF ANY OTHER JURISDICTION, AND MAY NOT BE SOLD OR TRANSFERRED OTHER THAN IN ACCORDANCE WITH THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT OF 1933, AS AMENDED (OR OTHER APPLICABLE LAW), OR AN EXEMPTION THEREFROM. 
 (ii) If (A) any shares of
Class A Common Stock have been sold pursuant to a registration statement that has been declared effective by the SEC, (B) all of the applicable conditions of Rule 144 are met, or (C) the legend (or a portion thereof) otherwise ceases
to be applicable, the Corporation, upon the written request of the holder thereof, shall promptly provide such holder or its respective transferees with new certificates (or evidence of book-entry share) for securities of like tenor not bearing the
provisions of the legend with respect to which the restriction has terminated. In connection therewith, such holder shall provide the Corporation with such information in its possession as the Corporation may reasonably request (which may include an
opinion of counsel reasonably acceptable to the Corporation) in connection with the removal of any such legend. 
 (f)
Cancellation of Class V Common Stock. Any shares of Class V Common Stock surrendered in an Exchange shall automatically be deemed cancelled without any action on the part of any Person, including the Company or the
Corporation. Any such cancelled shares of Class V Common Stock shall no longer be outstanding, and all rights with respect to such shares shall automatically cease and terminate. 

(g) Expenses. Subject to any other arrangement or agreement among the Company and an applicable Member, the Corporation,
the Company, any exchanging Subsidiary and each exchanging Member shall bear their own expenses in connection with the consummation of any Exchange, whether or not any such Exchange is ultimately consummated, except that the Corporation shall bear
any transfer taxes, stamp taxes or duties, or other similar taxes in connection with, or arising by reason of, any Exchange; provided, however, that if any shares of Class A Common Stock are to be delivered in a name other than that of
the Member that requested the Exchange (or The Depository Trust Company or its nominee for the account of a participant of The Depository Trust Company that will hold the shares for the account of such Member) or the Cash Payment is to be paid

  
 10 

 
to a Person other than the Member that requested the Exchange, then such Member or the Person in whose name such shares are to be delivered or to whom the Cash Payment is to be paid shall pay to
the Corporation the amount of any transfer taxes, stamp taxes or duties, or other similar taxes in connection with, or arising by reason of, such Exchange or shall establish to the reasonable satisfaction of the Corporation that such tax has been
paid or is not payable. 
 (h) Publicly Traded Partnership. Notwithstanding anything to the contrary herein, if the
Manager of the Company determines in good faith that an Exchange would pose a material risk that the Company would be treated as a “publicly traded partnership” under Section 7704 of the Code, the Corporation or the Company may impose
such restrictions on Exchanges, or may decline to effect one or more Exchanges, as the Corporation or the Company may reasonably determine to be necessary or advisable in order to avoid a material risk of such treatment. 

Section 2.2 Adjustment. 

The Exchange Rate shall be adjusted accordingly if there is: (a) any subdivision (by any stock or unit split, stock or unit dividend or
distribution, reclassification, reorganization, recapitalization or otherwise) or combination (by reverse stock or unit split, reclassification, reorganization, recapitalization or otherwise) of the shares of Class V Common Stock or Common
Units that is not accompanied by a substantively identical subdivision or combination of the Class A Common Stock; or (b) any subdivision (by any stock or unit split, stock or unit dividend or distribution, reclassification,
reorganization, recapitalization or otherwise) or combination (by reverse stock or unit split, reclassification, reorganization, recapitalization or otherwise) of the shares of Class A Common Stock that is not accompanied by a substantively
identical subdivision or combination of the shares of Class V Common Stock or Common Units. To the extent not reflected in an adjustment to the Exchange Rate, if there is any reclassification, reorganization, recapitalization or other similar
transaction in which the Class A Common Stock is converted or changed or exchanged into or for another security, securities or other property, then upon any subsequent Exchange, an exchanging Member shall be entitled to receive the amount of
such security, securities or other property that such exchanging Member would have received if such Exchange had occurred immediately prior to the effective date of such reclassification, reorganization, recapitalization or other similar
transaction, taking into account any adjustment as a result of any subdivision (by any split, distribution or dividend, reclassification, reorganization, recapitalization or otherwise) or combination (by reverse split, reclassification,
recapitalization or otherwise) of such security, securities or other property that occurs after the effective time of such reclassification, reorganization, recapitalization or other similar transaction. For the avoidance of doubt, if there is any
reclassification, reorganization, recapitalization or other similar transaction in which the Class A Common Stock is converted or changed or exchanged into or for another security, securities or other property, this
Section 2.2 shall continue to be applicable, mutatis mutandis, with respect to such security, securities or other property. 

  
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 Section 2.3 Class A Common Stock to be Issued. 

(a) The Corporation shall at all times reserve and keep available out of its authorized but unissued Class A Common Stock,
solely for the purpose of issuance upon 
 an Exchange, such number of shares of Class A Common Stock as shall be
sufficient to effect the conversion of all outstanding Common Units; provided, however, that nothing contained herein shall be construed to preclude the Corporation from satisfying its obligations in respect of any such Exchange by delivery
of unencumbered purchased shares of Class A Common Stock (which may or may not be held in the treasury of the Corporation or any subsidiary thereof). 

(b) The Corporation has taken and will take all such steps as may be required to cause to qualify for exemption under Rule 16b-3(d) or (e), as applicable, under the Exchange Act, and be exempt for purposes of Section 16(b) under the Exchange Act, any acquisitions or dispositions of equity securities of the Corporation (including
derivative securities with respect thereto) and any securities that may be deemed to be equity securities or derivative securities of the Corporation for such purposes that result from the transactions contemplated by this Agreement, by each
director or officer of the Corporation (including directors-by-deputization) who may reasonably be expected to be subject to the reporting requirements of
Section 16(a) of the Exchange Act with respect to the Corporation upon the registration of any class of equity security of the Corporation pursuant to Section 12 of the Exchange Act (with the authorizing resolutions specifying the name of
each such officer or director whose acquisition or disposition of securities is to be exempted and the number of securities that may be acquired and disposed of by each such Person pursuant to this Agreement). 

(c) If any Takeover Law or other similar law or regulation becomes or is deemed to become applicable to this Agreement or any
of the transactions contemplated hereby, the Corporation shall use its reasonable best efforts to render such law or regulation inapplicable to all of the foregoing. 

(d) The Corporation covenants that all shares of Class A Common Stock issued upon an Exchange will, upon issuance, be
validly issued, fully paid and non-assessable and not subject to any preemptive right of stockholders of the Corporation or to any right of first refusal or other right in favor of any Person. 

Section 2.4 Withholding; Certification of Non-Foreign Status. 

(a) If the Corporation or the Company shall be required to withhold any amounts by reason of any federal, state, local or
foreign tax rules or regulations in respect of any Exchange, the Corporation or the Company, as the case may be, shall be entitled to take such action as it deems appropriate in order to ensure compliance with such withholding requirements,
including, at its option, withholding shares of Class A Common Stock with a fair market value equal to the minimum amount of any taxes that the Corporation or the Company, as the case may be, may be required to withhold with respect to such
Exchange. To the extent that amounts are (or property is) so withheld and paid over to the appropriate taxing authority, such withheld amounts (or property) shall be treated for all purposes of this Agreement as having been paid (or delivered) to
the applicable Member. 

  
 12 

 (b) Notwithstanding anything to the contrary herein, each of the Corporation
and the Company may, in its discretion, require that an exchanging Member deliver to the Corporation or the Company, as the case may be, a duly completed and executed IRS Form W-9 and any other applicable
certifications or documentation reasonably requested by the Corporation or the Company prior to an Exchange. In the event the Corporation or the Company has required delivery of such form, certification or documentation but an exchanging Member does
not provide such form, certification or documentation, the Corporation or the Company, as the case may be, shall nevertheless deliver or cause to be delivered to the exchanging Member the Class A Common Stock or the Cash Payment in accordance
with Section 2.1, but subject to withholding as provided in Section 2.4(a). 

Section 2.5 Tax Treatment. 

Unless otherwise required by applicable law, the parties hereto acknowledge and agree that any Exchange with the Company or the Corporation
shall be treated as a direct exchange between the Corporation and the Member for U.S. federal and applicable state and local income tax purposes. The parties hereto intend to treat any Exchange consummated hereunder as a taxable sale of the
Exchangeable Units and Class V Common Stock (if any) by the exchanging Member to the Corporation for U.S. federal and applicable state and local income tax purposes except as otherwise mutually agreed to in writing by the exchanging Member and
the Corporation and no party hereto shall take any position inconsistent with such intended tax treatment on any tax return, amendment thereof or any other communication with a taxing authority, in each case unless otherwise required by a
“determination” within the meaning of Section 1313 of the Code. This Agreement and the Tax Receivable Agreement shall each be treated as part of the LLC Agreement as described in Section 761(c) of the Code and Treasury
Regulations Sections 1.704-1(b)(2)(ii)(h) and 1.761-1(c). 

Section 2.6 Contribution of the Corporation. 

In connection with any Exchange between a Member and the Company, the Corporation shall contribute to the Company the shares of Class A
Common Stock or Cash Payment that the Member is entitled to receive in such Exchange. Unless the Member has timely delivered a Retraction Notice as provided in Section 2.1(a)(vi), on the Exchange Date (to be effective
immediately prior to the close of business on the Exchange Date) (i) the Corporation shall make a capital contribution to the Company (in the form of the shares of Class A Common Stock or the Cash Payment that the Member is entitled to
receive in such Exchange) required under this Section 2.6, (ii) the Company shall transfer such shares of Class A Common Stock or Cash Payment to the exchanging Member in redemption of such Member’s Units in the
Company, and (iii) in the case of an Exchange for Class A Common Stock, the Company shall issue to the Corporation a number of Class A Common Units equal to the Net Exchanged Unit Amount surrendered by the Member. 

Section 2.7 Distributions. 

No Exchange will impair the right of an exchanging Member to receive any distribution for periods ending on or prior to the Exchange Date for
such Exchange (but for which payment had not yet been made with respect to the Exchangeable Units in question at the time the Exchange is consummated); provided that, for purposes of this Section 2.7, the exchanging
Member’s right to receive its pro rata portion of any distribution by the Company in respect of such periods shall not be deemed impaired to the extent that the Company has not paid the Corporation its pro rata portion of such distribution
prior to the consummation of the applicable Exchange. 

  
 13 

 ARTICLE III 

Section 3.1 Representations and Warranties of the Corporation. 

The Corporation represents and warrants that (i) it is a corporation duly incorporated and is existing and in good standing under the
laws of the State of Delaware, (ii) it has all requisite corporate power and authority to enter into and perform this Agreement and to consummate the transactions contemplated hereby and to deliver the Class A Common Stock in accordance
with the terms hereof, (iii) the execution and delivery of this Agreement by the Corporation and the consummation by it of the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of the
Corporation, including all actions necessary to ensure that the acquisition of shares of Class A Common Stock pursuant to the transactions contemplated hereby, to the fullest extent of each of the Corporation’s board of directors’
power and authority and to the extent permitted by law, shall not be subject to any “moratorium,” “control share acquisition,” “business combination,” “fair price” or other form of anti-takeover laws and
regulations of any jurisdiction that may purport to be applicable to this Agreement or the transactions contemplated hereby (collectively, “Takeover Laws”), (iv) this Agreement constitutes a legal, valid and binding obligation of
the Corporation enforceable against the Corporation in accordance with its terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting
creditors’ rights generally, and (v) the execution, delivery and performance of this Agreement by the Corporation and the consummation by the Corporation of the transactions contemplated hereby will not (A) result in a violation of
the certificate of incorporation of the Corporation or the bylaws of the Corporation or (B) conflict with, or constitute a default (or an event that with notice or lapse of time or both would become a default) under, or give to others any
rights of termination, amendment, acceleration or cancellation of, any agreement, indenture or instrument to which the Corporation is a party, or (C) based on the representations to be made by each Member pursuant to the written election in the
form of Exhibit A attached hereto in connection with Exchanges made pursuant to the terms of the Agreement, result in a violation of any law, rule, regulation, order, judgment or decree applicable to the Corporation or by which any property or asset
of the Corporation is bound or affected, except with respect to clause (B) or (C) for any conflicts, defaults, accelerations, terminations, cancellations or violations that would not reasonably be expected to have a material adverse effect on
the Corporation or its business, financial condition or results of operations. 
 Section 3.2 Representations and Warranties of
the Company. 
 The Company represents and warrants that (i) it is a limited liability company duly formed and is existing and
in good standing under the laws of the State of Delaware, (ii) it has all requisite power and authority to enter into and perform this Agreement and to consummate the transactions contemplated hereby, (iii) the execution and delivery of
this Agreement by the Company and the consummation by it of the transactions contemplated hereby have been duly authorized by all necessary action on the part of the Company, (iv) this Agreement constitutes a legal, valid and

  
 14 

 
binding obligation of the Company enforceable against the Company in accordance with its terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency,
reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally, (v) it is an entity treated as a partnership for U.S. federal income tax purposes and is not classified as a “publicly traded
partnership” as defined under Section 7704 of the Code, and (vi) the execution, delivery and performance of this Agreement by the Company and the consummation by the Company of the transactions contemplated hereby will not
(A) result in a violation of the certificate of formation of the Company or the LLC Agreement or (B) conflict with, or constitute a default (or an event that with notice or lapse of time or both would become a default) under, or give to
others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture or instrument to which the Company is a party, or (C) result in a violation of any law, rule, regulation, order, judgment or decree
applicable to the Company or by which any property or asset of the Company is bound or affected, except with respect to clause (B) or (C) for any conflicts, defaults, accelerations, terminations, cancellations or violations that would not
reasonably be expected to have a material adverse effect on the Company or its business, financial condition or results of operations. 

Section 3.3 Representations and Warranties of the Members. 

Each Member, severally and not jointly, represents and warrants that (i) if it is not a natural person, that it is duly incorporated or
formed and, to the extent such concept exists in its jurisdiction of organization, is existing and in good standing under the laws of such jurisdiction, (ii) it has all requisite legal capacity and authority to enter into and perform this
Agreement and to consummate the transactions contemplated hereby, (iii) if it is not a natural person, the execution and delivery of this Agreement by it and the consummation of the transactions contemplated hereby have been duly authorized by
all necessary corporate or other entity action on the part of such Member, (iv) this Agreement constitutes a legal, valid and binding obligation of such Member enforceable against it in accordance with its terms, except as enforcement may be
limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally and (v) the execution, delivery and performance of this Agreement by such Member
and the consummation by such Member of the transactions contemplated hereby will not (A) if it is not a natural person, result in a violation of the certificate of incorporation, bylaws or other organizational documents of such Member,
(B) conflict with, or constitute a default (or an event that with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture
or instrument to which such Member is a party or by which any property or asset of such Member is bound or affected, or (C) result in a violation of any law, rule, regulation, order, judgment or decree applicable to such Member, except with
respect to clause (B) or (C) for any conflicts, defaults, accelerations, terminations, cancellations or violations that would not in any material respect result in the unenforceability against such Member of this Agreement. 

  
 15 

 ARTICLE IV 

Section 4.1 Notices. 

All notices, demands or other communications to be given or delivered under or by reason of the provisions of this Agreement shall be in
writing and shall be deemed to have been given or made when (a) delivered personally to the recipient, (b) delivered by means of electronic mail (with hard copy sent to the recipient by reputable overnight courier service (charges prepaid)
that same day) if emailed before 5:00 p.m. Phoenix, Arizona time on a Business Day, and otherwise on the next Business Day, or (c) one (1) Business Day after being sent to the recipient by reputable overnight courier service (charges prepaid).
Such notices, demands and other communications shall be sent to the address for such recipient set forth in the Company’s books and records (or below, with respect to the Company), or to such other address or to the attention of such other
person as the recipient party has specified by prior written notice to the sending party. 
 If to the Company or the Corporation to:

 c/o Allvue Systems Holdings, Inc. 

396 Alhambra Circle, 11th Floor 

Coral Gables, FL 33134 

Telephone: (305) 901-7060 

Attention: Chief Executive Officer 

E-mail: [***] 

with a copy (which shall not constitute notice to the Company or the Corporation) to: 

Kirkland & Ellis LLP 

300 North LaSalle 
 Chicago, IL
60654 
 Telephone: (312) 862-2133 

Attention: Robert M. Hayward, P.C.; Robert E. Goedert, P.C. 

E-mail: [***] 

Section 4.2 Permitted Transferees. 

To the extent that a Member (or an applicable Permitted Transferee of such Member) validly transfers after the date hereof any or all of its
Common Units and corresponding shares of Class V Common Stock after taking into account the Exchange Rate (to the extent that such Member holds such shares), to a Permitted Transferee of such Person or to any other Person in a transaction not
in contravention of, and in accordance with, the LLC Agreement, then the transferee thereof shall have the right to execute and deliver a joinder to this Agreement, in the form attached hereto as Exhibit B. Upon execution of any such joinder, such
transferee shall, with respect to such transferred Common Units and shares of Class V Common Stock (to the extent that such Member holds such shares), be entitled to all of the rights and bound by each of the obligations applicable to the
relevant transferor hereunder; provided that the transferor shall remain entitled to all of the rights and bound by each of the obligations with respect to Common Units and shares of Class V Common Stock (to the extent that such Member
holds such shares) that were not so transferred. 

  
 16 

 Section 4.3 Severability. 

The provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision shall not affect the
validity or enforceability of the other provisions hereof. If any provision of this Agreement, or the application thereof to any Person or entity or any circumstance, is found to be invalid or unenforceable in any jurisdiction, (a) a suitable
and equitable provision shall be substituted therefor in order to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid or unenforceable provision and (b) the remainder of this Agreement and the application
of such provision to other Persons or circumstances shall not be affected by such invalidity or unenforceability, nor shall such invalidity or unenforceability affect the validity or enforceability of such provision, or the application thereof, in
any other jurisdiction. 
 Section 4.4 Counterparts. 

This Agreement and any amendments may be executed simultaneously in two or more counterparts and delivered via facsimile or .pdf, each of
which shall be deemed an original and all of which, when taken together, shall constitute one and the same document. The signature of any party to any counterpart shall be deemed a signature to, and may be appended to, any other counterpart. 

Section 4.5 Entire Agreement. 

This Agreement together with the LLC Agreement and the Tax Receivables Agreement (a) constitutes the entire agreement and supersedes all
other prior agreements, both written and oral, among the parties with respect to the subject matter hereof and (b) is not intended to confer upon any Person, other than the parties hereto and their Permitted Transferees, any rights or remedies
hereunder. 
 Section 4.6 Further Assurances. 

Each party hereto shall execute, deliver, acknowledge and file such other documents and take such further actions as may be reasonably
requested from time to time by any other party hereto to give effect to and carry out the transactions contemplated herein. 

Section 4.7 Governing Law. 

This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware, without giving effect to any choice
of law or conflict of law rules or provisions (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Delaware. 

Section 4.8 Consent to Jurisdiction. 

Each party hereto irrevocably submits to the exclusive jurisdiction of the United States District Court for the State of Delaware and the
state courts of the State of Delaware for the purposes of any suit, action or other proceeding arising out of this Agreement or any transaction contemplated hereby. Each party hereto further agrees that service of any process, summons, notice or
document by United States certified or registered mail (in each such case, prepaid return receipt requested) to such party’s respective address set forth in the Company’s books and records or such other address or to the attention of such
other person as the recipient party has specified by prior written notice to the sending party shall be effective service of process in any action, suit 

  
 17 

 
or proceeding in Delaware with respect to any matters to which it has submitted to jurisdiction as set forth above in the immediately preceding sentence. Each party hereto irrevocably and
unconditionally waives any objection to the laying of venue of any action, suit or proceeding arising out of this Agreement or the transactions contemplated hereby in the United States District Court for the State of Delaware or the state courts of
the State of Delaware and hereby irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, suit or proceeding brought in such court has been brought in an inconvenient forum. 

Section 4.9 Waiver of Jury Trial. 

BECAUSE DISPUTES ARISING IN CONNECTION WITH COMPLEX TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN EXPERIENCED AND EXPERT
PERSON AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL LAWS TO APPLY (RATHER THAN ARBITRATION RULES), THE PARTIES DESIRE THAT THEIR DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF THE
BENEFITS OF THE JUDICIAL SYSTEM AND OF ARBITRATION, EACH PARTY TO THIS AGREEMENT (INCLUDING THE COMPANY) HEREBY WAIVES ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION, SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE BETWEEN OR AMONG ANY OF THE PARTIES
HERETO, WHETHER ARISING IN CONTRACT, TORT, OR OTHERWISE, ARISING OUT OF, CONNECTED WITH, RELATED OR INCIDENTAL TO THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREBY AND/OR THE RELATIONSHIPS ESTABLISHED AMONG THE PARTIES HEREUNDER. 

Section 4.10 Amendments. 

The provisions of this Agreement may be amended only by the affirmative vote or written consent of each of (i) the Corporation,
(ii) the Company and (iii) Members holding a majority of the then outstanding Class A Common Units (excluding Class A Common Units held by the Company); provided that no amendment may disproportionately affect the rights
of a Member compared to other Members without the consent of such Member. No failure or delay by any party in exercising any right, power or privilege hereunder shall operate as waiver thereof nor shall any single or partial exercise thereof
preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law. 

Section 4.11 Assignment. 

Neither this Agreement nor any of the rights or obligations hereunder shall be assigned by any of the parties hereto without the prior written
consent of the other parties. Subject to the preceding sentence, this Agreement will be binding upon, inure to the benefit of and be enforceable by the parties and their respective successors, assigns and Permitted Transferees. 

  
 18 

 Section 4.12 Independent Obligations. 

The obligations of each Member hereunder are several and not joint with the obligations of any other Member, and no Member shall be
responsible in any way for the performance of the obligations of any other Member under hereunder. The decision of each Member to enter into to this Agreement has been made by such Member independently of any other Member. Nothing contained herein,
and no action taken by any Member pursuant hereto, shall be deemed to constitute the Members as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Members are in any way acting in concert or
as a group with respect to such obligations or the transactions contemplated hereby. 
 Section 4.13 Specific Enforcement.

 The parties hereto acknowledge that the remedies at law of the other parties for a breach or threatened breach of this Agreement
would be inadequate and, in recognition of this fact, any party to this Agreement, without posting any bond, and in addition to all other remedies that may be available, shall be entitled to equitable relief in the form of specific performance, a
temporary restraining order, a temporary or permanent injunction or any other equitable remedy that may then be available. 
 [Signature
Pages to Follow] 

  
 19 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by
their respective authorized representatives as of the day and year first above written. 
  

			
	ALLVUE SYSTEMS HOLDINGS, INC.
		
	By:	 	 
	Name: Mark Heimbouch
	Title: Chief Executive Officer

  

			
	BLUEFIN TOPCO, LLC
		
	By:	 	 
	Name: Mark Heimbouch
	Title: Chief Executive Officer

  

					
	MEMBERS:
		
	By:	 	 
	 Name:
	 	 
	Title:	 	 

 [Signature Page to Exchange Agreement] 

 Exhibit A 

[Form of] 
 Exchange Notice 

Bluefin Topco, LLC 
 c/o Allvue Systems Holdings, Inc. 

396 Alhambra Circle, 11th Floor 
 Coral Gables, FL 33134 

Telephone: (305) 901-7060 

Attention: [***] 
 Email: [***] 

Reference is hereby made to the Exchange Agreement, dated as of [•], 2021 (as amended from time to time, the “Exchange
Agreement”), by and among Allvue Systems Holdings, Inc., a Delaware corporation (“the Corporation”), Bluefin Topco, LLC, a Delaware limited liability company (the “Company”), and the holders from time to
time of the Company’s Common Units listed on the signature pages to the Exchange Agreement as “Members” (collectively, the “Members” and individually, a “Member”). Capitalized terms used but not
defined herein shall have the meanings given to them in the Exchange Agreement. 
 The undersigned Member hereby transfers to the Company
(or the Corporation, if the Corporation determines to effect a direct exchange with such Member) effective as of the Exchange Date, the number of Exchangeable Units in Exchange for either shares of Class A Common Stock to be issued in its name
as set forth below or, at the option of the Corporation, the Cash Payment payable to the account set forth below, in accordance with the terms of the Exchange Agreement. 

Legal Name of Member: [•] 

Address: [•] 
 Number and
Type of Exchangeable Units to be Exchanged: [•] 
 Participation Threshold(s) of such Exchangeable Units (if any): [•] 

Number of shares of Class V Common Stock to be Exchanged (if any): [•] 

[Please write the words “Elect Out” in the following space and provide your initials next to those words if you wish to elect out of
the last sentence of Section 3.1(b) of the Tax Receivable Agreement: 

___________________________________________] 

If the Corporation elects a Cash Payment: 

Account Number: [•] 

 Legal Name of Account Holder: [•] 

The undersigned hereby represents and warrants that (i) the undersigned has full legal capacity to execute and deliver this Exchange
Notice and to perform the undersigned’s obligations hereunder; (ii) this Exchange Notice has been duly executed and delivered by the undersigned and is the legal, valid and binding obligation of the undersigned enforceable against it in
accordance with the terms thereof or hereof, as the case may be, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally and the availability of equitable remedies; (iii) the Exchangeable Units
and shares of Class V Common Stock (if any) subject to this Exchange Notice are being transferred to the Company (or the Company, if applicable) free and clear of any Liens; (iv) no consent, approval, authorization, order, registration or
qualification of any third party or with any court or governmental agency or body having jurisdiction over the undersigned, the Exchanged Units or shares of Class V Common Stock (if any) subject to this Exchange Notice is required to be
obtained by the undersigned for the transfer of such Exchanged Units or shares of Class V Common Stock (if any) to the Corporation (or the Company, if applicable); and (v) the undersigned is either not currently in possession of material non-public information concerning the Corporation or will not be in possession of such material non-public information at the time the shares of Class A Common Stock are
sold by the undersigned in any public sale. 
 The undersigned hereby irrevocably constitutes and appoints any officer of the Corporation or
the Company as the attorney of the undersigned, with full power of substitution and resubstitution in the premises, to do any and all things and to take any and all actions that may be necessary to transfer to the Corporation (or the Company, if
applicable) the Exchanged Units and shares of Class V Common Stock (if any) subject to this Exchange Notice and to deliver to the undersigned the shares of Class A Common Stock or Cash Payment to be delivered in Exchange therefor. 

IN WITNESS WHEREOF, the undersigned, but authority duly given, has caused this Exchange Notice to be executed and delivered by the undersigned
or by its duly authorized attorney. 
  

					
	BLUEFIN TOPCO, LLC
		
	By:	 	 
	Name:	 	 
	Title:	 	 
		
	 Dated:
	 	 

  
 A2 

 Exhibit B 

[Form of] 
 Joinder 

This Joinder (“Joinder”) is a joinder agreement to the Exchange Agreement, dated as of [•], 2021 (as amended from time
to time, the “Exchange Agreement”), by and among Allvue Systems Holdings, Inc., a Delaware corporation (“the Corporation”), Bluefin Topco, LLC, a Delaware limited liability company (the “Company”),
and the holders from time to time of the Company’s Common Units listed on the signature pages to the Exchange Agreement as “Members” (collectively, the “Members” and individually, a “Member”).
Capitalized terms used but not defined herein shall have the meanings given to them in the Exchange Agreement. 
 The Company, the
Corporation and the undersigned agree that all questions concerning the construction, validity and interpretation of this Joinder shall be governed by, and construed in accordance with, the law of the State of Delaware, without giving effect to any
choice or conflict of law provision or rule, notwithstanding that public policy in Delaware or any other forum jurisdiction might indicate that the laws of that or any other jurisdiction should otherwise apply based on contacts with such state or
otherwise. In the event of any conflict between this Joinder and the Exchange Agreement, the terms of this Joinder shall control. 
 The
undersigned, having acquired Common Units and, if applicable, shares of Class V Common Stock, hereby joins and enters into the Exchange Agreement. By signing and returning this Joinder to the Company, each of the Company, the Corporation and
the undersigned (i) accepts and agrees to be bound by and subject to all of the terms and conditions of and agreements of a Member contained in the Exchange Agreement, with all attendant rights, duties and obligations of a Member thereunder and
(ii) makes each of the representations and warranties of a Member set forth in Section 3.4 of the Exchange Agreement as fully as if such representations and warranties were set forth herein. The parties to the Exchange
Agreement shall treat the execution and delivery hereof by the undersigned as the execution and delivery of the Exchange Agreement by the undersigned and, upon receipt of this Joinder by the Company and the Corporation, the signature of the
undersigned set forth below shall constitute a counterpart signature to the signature page of the Exchange Agreement. 
  

					
	[•]
		
		 	 
		 	Name:
		 	Title:
			
		 	Dated:	 	 
		
		 	Address for Notice: [•]

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