Document:

EX-10.15

 Exhibit 10.15 

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT 

This FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT (this “Amendment”) is made as of October 19, 2020 by Allvue Systems,
LLC (formerly known as Black Mountain Systems, LLC) (the “Company”) and Reinaldo Acosta (“Executive”). 

WITNESSETH 
 WHEREAS, the
parties hereto desire to amend the Original Employment Agreement, dated as of July 29, 2019 by and between the Company and Executive (the “Original Employment Agreement”), as set forth herein. Capitalized terms not defined
herein shall have the meaning set forth in the Original Employment Agreement. 
 NOW, THEREFORE, in consideration of the mutual covenants
contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
  

	1.	 This Amendment shall be effective as of December 3, 2020 (the “Effective Date”).

  

	2.	 Section 1 of the Original Employment Agreement is hereby amended by deleted and replacing each use of the
phrase “Chief Executive Officer” with “Executive Chairman.” 

  

	3.	 The Original Employment Agreement is hereby amended by deleting and replacing Section 2 in its entirety
with the following: 

 “2. Your base salary will be $160,000 per year, less deductions and withholdings required by
law or authorized by you, and will be subject to review annually (the “Base Salary”). In addition to your Base Salary, solely for the first twelve (12) months following the Effective Date of this Amendment, you shall be
entitled to a special payment of $400,000 per year, less deductions and withholdings required by law or authorized by you (the “Special Payment”). Your Base Salary and the Special Payment will be paid by the Company in regular
installments in accordance with the Company’s general payroll practices as in effect from time to time. 
 With respect to your bonus
opportunities for each bonus period beginning on and after January 1, 2021, you will be eligible to receive a bonus of up to 100% of your Base Salary (the “Bonus”). The Bonus will be awarded at the sole discretion of the Board,
based on the Board’s determination as to your achievement of predetermined thresholds which may include, but are not limited to, management by objectives (“MBOs”) and financial targets such as revenue, recurring revenue, gross
profit and/or EBITDA targets. Your base salary and bonus for the fiscal year ending December 31, 2020 (the “2020 Total Cash Compensation”) will be prorated such that your 2020 Total Cash Consideration will be calculated based
on your base salary and bonus (i) in your Original Employment Agreement for the time period where you served as the Chief Executive Officer of the Company in the fiscal year 2020 (base salary of $400,000 and bonuses up to $400,000) and
(ii) for the time period when you served as Executive Chairman of the Company in the fiscal year 2020 (base salary of $160,000 and bonus up to 100% of base salary). 

 The bonus formulas, MBOs, performance milestones and all other elements of your bonus
opportunities shall be established by the Board in its sole discretion, and communicated in writing (including by e-mail) to you from time to time. Any bonus earned for a fiscal year shall be paid within
thirty (30) days after the Board has received, reviewed and approved the applicable fiscal year’s final audited financial statements, subject to your continued employment on the applicable payment date.” 

 

	4.	 The Original Employment Agreement is hereby amended by deleting and replacing Section 8 in its entirety
with the following: 

 “8. Your employment with the Company is at will. The Company may terminate your employment at
any time with or without notice, and for any reason or no reason, with or without cause. 
 Notwithstanding any other provisions in this
Agreement or any Exhibit hereto, you or the Company may terminate your employment with the Company at any time and for any reason or no reason by giving notice in writing to the other party; provided that you shall give the Company notice of not
less than four (4) weeks (“Notice Period”), unless otherwise agreed to in writing by you and the Company. In the event of such notice, the Company reserves the right, in its discretion, to give immediate effect to your
resignation in lieu of requiring or allowing you to continue work throughout the Notice Period; provided that the Company pays your Base Salary which would otherwise be payable with respect to the Notice Period. The Company may, during the Notice
Period, relieve you of all of your duties and prohibit you from entering the Company’s offices. Notwithstanding the foregoing, you shall continue to be an employee of the Company during the Notice Period, and thus owe to the Company the same
duty of loyalty you owed it prior to giving notice of your termination.” 
  

	5.	 The Original Employment Agreement is hereby amended by deleting and replacing Section 9 in its entirety
with the following: 

 “9. If the Company terminates your employment with or without cause (excluding terminations for
death or Disability) or you voluntarily terminate your employment for any reason or no reason at all, in each case within twelve (12) months of the effective date of this Amendment, you will be entitled to receive a severance payment in the
form of continued payment of the Special Payment through the date twelve (12) months following the effective date of this Amendment (not to exceed $400,000 in the aggregate with all amounts paid or withheld by the Company in respect of the
Special Payment) (the “Severance Pay”), paid in accordance with the Company’s general payroll practices, less any applicable deductions and withholdings required by law or authorized by you. For the avoidance of doubt, you
shall not be entitled to the Severance Pay or any other severance payment or post-termination benefits following any termination or resignation that occurs subsequent to the date twelve (12) months following the effective date of this
Amendment. The Company will not be required to pay the Severance Pay unless (a) you execute and deliver to the Company an agreement (“Release Agreement”) in the form attached as Exhibit C to the Original
Employment Agreement releasing from all liability (other than the payments and benefits contemplated by this letter) the Company, each member of the 

  
 2 

 
Company, and any of their respective past or present officers, directors, managers, employees investors, agents or affiliates, including Vista, and you do not revoke such Release Agreement during
any applicable revocation period, (b) such Release Agreement is executed and delivered (and no longer subject to revocation, if applicable) within sixty (60) days following the date of your termination of employment, and (c) you have
not breached the provisions of Sections 4 through 10 and 16 of Exhibit A to the Original Employment Agreement, the terms of this letter or any other agreement between you and the Company or the provisions of the Release Agreement. If the
Release Agreement is executed and delivered and no longer subject to revocation as provided in the preceding sentence, then the Severance Pay shall be paid in accordance with the Company’s general payroll practices at the time of termination
and commencing on the first regularly scheduled pay date following the sixtieth (60th) day following your termination of employment. The first payment of Severance Pay shall include payment of all amounts that otherwise would have been due prior
thereto under the terms of this letter had such payments commenced immediately upon your termination of employment, and any payments made thereafter shall continue as provided herein.” 

 

	6.	 The definitions of “Cause” and “Good Reason” in Exhibit B of the Original
Employment Agreement is hereby amended by deleting such definitions in its entirety. 

  

	7.	 Except as specifically set forth herein, the Original Employment Agreement and all of its terms and conditions
remain in full force and effect, and the Original Employment Agreement is hereby ratified and confirmed in all respects, except that on or after the date of this Amendment all references in the Original Employment Agreement to “the Employment
Agreement,” “hereto,” “hereof,” “hereunder,” or words of like import shall mean the Original Employment Agreement as amended by this Amendment. 

 

	8.	 This Amendment may be executed in any number of counterparts, each of which shall be deemed an original and
such counterpart together shall constitute one and the same instrument. 

  

	9.	 This Amendment, including the validity, interpretation, construction and performance of this Amendment, shall
be governed by and construed in accordance with the laws of the state of Delaware. 

  

	10.	 This Amendment shall be binding upon and inure to the benefit of and be enforceable by the respective
successors and assigns of the parties hereto. The Original Employment Agreement, as amended by this Amendment, embodies the entire agreement and understanding between the parties hereto and supersedes all prior agreements and understandings relating
to the subject matter hereof. 

 [remainder of page intentionally left blank; signature page follows] 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date
first written above. 
  

					
	ALLVUE SYSTEMS, LLC
		
	By:	 	/s/ Jeff Wilson
		 	Name:	 	Jeff Wilson
		 	Title:	 	Authorized Signatory
	
	EXECUTIVE
	By:	 	/s/ Reinaldo Acosta
	 	 	Name:	 	Reinaldo Acosta

  
 SIGNATURE PAGE TO
AMENDMENT TO THE EMPLOYMENT AGREEMENTEX-10.16

 Exhibit 10.16 

July 1, 2021 
 Reinaldo Acosta 

[***] 
  

	Re:	 Employment with Allvue Systems, LLC 

Dear Reinaldo: 
 RELEASE AGREEMENT

 This RELEASE AGREEMENT (this “Agreement”) is entered into by Reinaldo Acosta
(“Executive”) in exchange for the consideration set forth in Paragraph 5 of FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”) dated October 19, 2020, by Allvue Systems, LLC (formerly known as
Black Mountain Systems, LLC) (the “Company”) and Executive. This Amendment of October 19, 2020 amends the Original Employment Agreement, dated as of July 29, 2019 by and between the Company and Executive (“the
“Original Employment Agreement”). 
 1. Release. 

(a) Executive, on behalf of Executive and Executive’s heirs, spouse, executors, administrators, successors and assigns, hereby
voluntarily, unconditionally, irrevocably and absolutely releases and discharges Allvue Systems, LLC (the “Company”) and its parents, and each of their subsidiaries and affiliates, and all of their past, present and future
employees, officers, directors, agents, owners, shareholders, representatives, members, attorneys, insurers and benefit plans, and all of their predecessors, successors and assigns (collectively, the “Released Parties”), from all
claims, demands, causes of action, suits, controversies, actions, crossclaims, counterclaims, demands, debts, compensatory damages, liquidated damages, punitive or exemplary damages, any other damages, claims for costs and attorneys’ fees,
losses or liabilities of any nature whatsoever in law and in equity and any other liabilities, known or unknown, suspected or unsuspected of any nature whatsoever (hereinafter, “Claims”) that Executive has or may have against
the Released Parties: (i) from the beginning of time through the date upon which Executive signs this Agreement; (ii) arising from or in any way related to Executive’s employment or termination of employment with any of the Released
Parties; (iii) arising from or in any way related to any agreement with any of the Released Parties; and/or (iv) arising from or in any way related to awards, policies, plans, programs or practices of any of the Released Parties that may
apply to Executive or in which Executive may participate, in each case, including, but not limited to, (x) any Claims for an alleged violation of any federal, state or local laws or regulations, to the extent permitted by applicable law,
including, but not limited to, the Age Discrimination in Employment Act; (y) any Claims for negligent or intentional infliction of emotional distress, breach of contract, fraud or any other unlawful behavior; and (z) any Claims for wages,
commissions, incentive pay, vacation, paid time off, expense reimbursements, severance pay and benefits, retention pay, benefits, notice pay, punitive damages, liquidated damages, penalties, attorneys’ fees, costs and/or expenses. 

 (b) Executive presents that Executive has not made assignment or transfer of any right or
Claim covered by this Agreement and Executive represents that Executive is not aware of any such right or Claim. 
 (c) Executive
understands that Executive may later discover Claims or facts that may be different than, or in addition to, those which Executive now knows or believes to exist with regards to the subject matter of this Agreement, and which, if known at the time
of executing this Agreement, may have materially affected this Agreement or Employee’s decision to enter into it. Executive hereby waives any right or Claim that might arise as a result of such different or additional Claims or facts. 

(d) This Agreement is not intended to bar any rights or Claims (i) that may not be waived by private agreement under applicable law, such
as rights or Claims for workers’ compensation or unemployment insurance benefits, (ii) under the Company’s 401(k) plan (if any), and/or (iii) to indemnification rights (if any). Nothing in this Agreement is intended to prohibit
the parties from bringing an action to enforce their rights (including with respect to the Severance Pay as defined in the Offer Letter) under this Agreement. 

(e) Nothing in this Agreement is intended to prohibit or restrict Employee’s right to file a charge with, or participate in a charge by,
the Equal Employment Opportunity Commission or any other government agency prohibiting waiver of such right; provided, however, that Executive hereby waives the right to recover any monetary damages or other relief against any Released
Parties. Nothing in this Agreement shall prohibit Executive from receiving any monetary award to which Executive becomes entitled pursuant to Section 922 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. 

2. Consultation/Voluntary Agreement. Executive acknowledges that the Company has advised Executive to consult with an attorney
prior to executing this Agreement. Executive has carefully read and fully understands all of the provisions of this Agreement. Executive is entering into this Agreement, knowingly, freely and voluntarily in exchange for good and valuable
consideration to which Executive would not be entitled in the absence of executing and not revoking this Agreement. 
 3. Review and
Revocation Period. 
 (a) Executive has been given twenty-one (21) calendar days to
consider the terms of this Agreement, although Executive may sign it sooner, so long as it is after Employee’s last day of employment with the Company. 

(b) Executive will have seven (7) calendar days from the date on which such Executive signs this Agreement to revoke Employee’s
consent to this Agreement. Such revocation must be in writing and must be e-mailed to the address below. Notice of such revocation must be received within the seven (7) calendar days referenced above.

  

			
	 Allvue Systems, LLC

	 c/o Vista Equity Partners Management, LLC

	 Four Embarcadero Center, 20th Floor

	 San Francisco, CA 94111

			
	 Facsimile:
	  	[***]
	 Attention:
	  	[***] 

 (c) In the event of such revocation by Employee, this Agreement shall be null and void in its entirety and
Executive shall not have any rights to the consideration set forth on Exhibit A. Provided that Executive does not revoke this Agreement within the time period set forth above, this Agreement shall become effective on the eighth (8th) calendar
day after the date upon which Executive signs it. 
 4. No Cooperation with Non-Governmental
Third Parties. Subject to Section 7 below and to the maximum extent permitted by law, Executive agrees that, he will not encourage or voluntarily assist or aid in any way any non-governmental
attorneys or their clients or individuals acting on their own behalf in making or filing any lawsuits, complaints, or other proceedings against the Company or any other Released Parties. 

5. Non disparagement. Subject to Section 7 below and to the maximum extent permitted by law, Executive shall not, directly
or indirectly, make, publish or communicate (or cause to be made, published or communicated) any defamatory or disparaging statement or disclosure (whether written or oral) concerning or related to any of the Releasees, including the Company and its
current or former directors, officers, members, partners, employees, direct or indirect owners, representatives, customers, clients, suppliers, investors and other associated third parties, or its businesses, business practices, prospects, products
or services, in any respect. 
 6. Return of Company Property. Executive acknowledges and agrees that he has returned all
Company property, including Company confidential information, to the Company. If Executive discovers any property of the Company after signing this Agreement, Executive shall promptly return such property to the Company. 

7. Permitted Disclosures. Nothing in this Agreement shall prohibit or restrict either party or their respective attorneys from:
(a) making any disclosure of relevant and necessary information or documents in any action, investigation, or proceeding relating to this Agreement, or as required by law or legal process, including with respect to possible violations of law;
(b) participating, cooperating or testifying in any action, investigation or proceeding with, or providing information to, any governmental agency or legislative body, any self-regulatory organization, and/or pursuant to the Sarbanes-Oxley Act;
or (c) accepting any U.S. Securities and Exchange Commission awards. In addition, nothing in this Agreement prohibits or restricts Company or Executive from initiating communications with, or responding to any inquiry from, any regulatory or
supervisory authority regarding any good faith concerns about possible violations of law. regulation or Company policies and procedures. 

8. Savings Clause. If any term or provision of this Agreement is invalid, illegal or unenforceable in any jurisdiction, such
invalidity, illegality or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable such term or provision in any other jurisdiction. Upon such determination that any term or other
provision of this Agreement is invalid, illegal or unenforceable, this Agreement shall be enforceable as closely as possible to its original intent, which is to provide the Released Parties with a full release of all legally releasable claims
through the date upon which Executive signs this Agreement. 

 9. Third-Party Beneficiaries. Executive acknowledges and agrees that all
Released Parties are third-party beneficiaries of this Agreement and have the right to enforce this Agreement. 
 10. No Admission of
Wrongdoing. Executive agrees that neither this Agreement, nor the furnishing of the consideration for this Agreement, shall be deemed or construed at any time to be an admission by any Released Parties of any improper or unlawful conduct.

 11. Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of
Delaware, without regard to the application of any choice- of-law rules that would result in the application of another state’s laws. 

12. Entire Agreement; No Oral Modifications. This Agreement sets forth Employee’s entire agreement with the Company with
respect to the subject matter hereof and shall supersede all prior and contemporaneous communications, negotiations, agreements and understandings, written or oral, with respect thereto. This Agreement may not be modified, amended or waived unless
mutually agreed to in writing by Executive and the Company. 

 IN WITNESS WHEREOF, Executive has executed this Agreement as of the below-indicated date.

  

					
		 	EXECUTIVE
		
		 	 /s/ Reinaldo Acosta

		 	(Signature)
		
		 	Print Name: Reinaldo Acosta
			
		 	Date:	 	 July 1st, 2021

 EXHIBIT A 

 

					
	1	  	Executive Name:	  	Reinaldo Acosta
			
	2	  	Last Day of Employment:	  	June 30, 2021
			
	3	  	Date By Which Release Must Be Signed and Returned:	  	August 30, 2021
			
	4	  	Severance Amount:	  	Continued payment of Special Payment through December 2, 2021 paid in accordance with the Company’s general payroll practices, less any applicable deductions and withholdings required by law or authorized by you.

 * All amounts are subject to applicable payroll taxes and authorized withholdings.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00333-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00333-of-00352.parquet"}]]