CAPITALISATION AGREEMENT dated February 5, 2024 (the Effective Date)

Exhibit 10.15

CAPITALISATION AGREEMENT

dated February 5, 2024 (the Effective Date)

PARTIES:

WHEREAS:

(A)On 28 February 2022, Co-invest Vehicle and Scheme Issuer entered into a shareholder loan agreement (the Investment Proceeds Shareholder Loan Agreement) whereby Co-invest Vehicle agreed to advance to Scheme Issuer a principal amount of EUR6,749,973.32525565.

(B)As at the Effective Date, the principal amount outstanding under the Investment Proceeds Shareholder Loan Agreement is EUR7,086,991.25 (the Investment Proceeds Shareholder Loan).

(C)Co-invest Vehicle and Scheme Issuer have mutually agreed to capitalise a portion of the Investment Proceeds Shareholder Loan into share capital of Scheme Issuer.

IT IS AGREED:

1.INVESTMENT PROCEEDS SHAREHOLDER LOAN AGREEMENT

1.1In consideration of the mutual undertakings contained in this Agreement, on the Effective Date:

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Execution Version

Subscription Amount against the Repayment Amount upon the allotment and issue of the Subscription Share by Scheme Issuer.

1.2For the avoidance of doubt, the Investment Proceeds Shareholder Loan Agreement shall remain in full force and effect save as expressly set out in this Agreement, and Scheme Issuer shall repay the principal amount of the Investment Proceeds Shareholder Loan and accrued interest thereon (in each case to the extent not satisfied by the Repayment Amount) to Co-invest Vehicle in accordance with the Investment Proceeds Shareholder Loan Agreement (as supplement by this Agreement).

2.FURTHER ASSURANCE

Each of the parties agrees to perform (or procure the performance of) all further acts and things, and execute and deliver (or procure the execution and delivery of) such further documents, as may be required by law or as may be necessary or reasonably desirable to implement and/or give effect to this Agreement.

3.ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the parties in relation to the Repayment and the Subscription and supersedes any previous agreement, whether express or implied, regarding the Repayment and the Subscription.

4.COUNTERPARTS

This Agreement may be executed in any number of counterparts, and by each party on separate counterparts. Each counterpart is an original, but all counterparts shall together constitute one and the same instrument.

5.THIRD PARTY RIGHTS

A person who is not a party to this Agreement shall have no right under the Contracts (Rights of Third Parties) Ordinance (Cap 623 of the Laws of Hong Kong) or any other statutory provision to enforce any of its terms.

6.GOVERNING LAW AND JURISDICTION

6.1This Agreement shall be governed by, and interpreted in accordance with, the laws of Hong Kong.

6.2Any Dispute shall be referred to, and finally resolved by, arbitration administered by the Hong Kong International Arbitration Centre (the HKIAC) under the HKIAC Administered Arbitration Rules in force when the notice of arbitration is submitted.

6.3The tribunal shall consist of three arbitrators; one appointed by the applicant(s), one appointed by the respondent(s) and one who shall be appointed by the mutual agreement of the other two arbitrators. The seat of arbitration shall be Hong Kong and the language to be used in the arbitral proceedings shall be English.

6.4Notwithstanding this Clause 6, the parties shall retain the right to seek injunctive or interlocutory relief from any court of competent jurisdiction pending the commencement or determination of any arbitration proceedings.

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AS WITNESS this Agreement has been signed by the duly authorised representatives of the parties and shall be effective as of the Effective Date.

For and on behalf of

AMER SPORTS MANAGEMENT COMPANY (CAYMAN) LIMITED

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[Signature Page – Capitalisation Agreement (Co-invest Vehicle / Listco – EUR7.2mn)]

For and on behalf of

AMER SPORTS, INC.

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[Signature Page – Capitalisation Agreement (Co-invest Vehicle / Listco – EUR7.2mn)]