EX-10.33




 Exhibit 10.33 

BLACK KNIGHT FINANCIAL SERVICES, INC. 

2015 OMNIBUS INCENTIVE PLAN 

Stock Option Agreement 
 SECTION 1.
GRANT OF OPTION. 
 (a) Option. On the terms and conditions set forth in the Notice of Stock Option Grant (the
“Notice”), which is incorporated by reference, and this Stock Option Agreement (the “Agreement”), the Company grants to the Optionee on the Effective Date of Grant the Option to purchase at the Exercise Price the number of Shares
set forth in the Notice. 
 (b) Plan and Defined Terms. The Option is granted pursuant to the Black Knight Financial Services,
Inc. 2015 Omnibus Incentive Plan (the “Plan”). All terms, provisions, and conditions applicable to the Option set forth in the Plan and not set forth herein are hereby incorporated by reference herein. To the extent any provision hereof is
inconsistent with a provision of the Plan, the provisions of the Plan will govern. All capitalized terms that are used in the Notice or this Agreement and not otherwise defined therein or herein shall have the meanings ascribed to them in the Plan.

 SECTION 2. RIGHT TO EXERCISE. 
 The
Option hereby granted shall be exercised by written notice to the Committee, specifying the number of Shares the Optionee desires to purchase together with provision for payment of the Exercise Price. Subject to such limitations as the Committee may
impose (including prohibition of one more of the following payment methods), payment of the Exercise Price may be made by (a) check payable to the order of the Company, for an amount in United States dollars equal to the aggregate Exercise
Price of such Shares, (b) by tendering to the Company Shares having an aggregate Fair Market Value (as of the trading date immediately preceding the date of exercise) equal to such Exercise Price, (c) by broker-assisted exercise, or
(d) by a combination of such methods. The Company may require the Optionee to furnish or execute such other documents as the Company shall reasonably deem necessary (i) to evidence such exercise and (ii) to comply with or satisfy the
requirements of the Securities Act of 1933, as amended, the Exchange Act, applicable state or non-U.S. securities laws or any other law. 
 SECTION 3.
TERM AND EXPIRATION. 
 (a) Basic Term. Subject to earlier termination pursuant to the terms hereof, the Option shall expire on
the expiration date set forth in the Notice. 
 (b) Termination of Employment or Service. If the Optionee’s employment or service
as a Director or Consultant, as the case may be, is terminated, except as otherwise provided in the Optionee’s employment, director services or similar agreement in effect at the time of the termination, the Option shall expire on the earliest
of the following occasions: 
 (i) The expiration date set forth in the Notice; 

  
 -1- 









 (ii) The date three months following the termination of the Optionee’s employment or service
for any reason other than Cause, death, or Disability; 
 (iii) The date one year following the termination of the Optionee’s employment
or service due to death or Disability; or 
 (iv) The date of termination of the Optionee’s employment or service for Cause. 

The Optionee may exercise all or part of this Option at any time before its expiration under the preceding sentence, but, subject to the following sentence,
only to the extent that the Option had become vested before the Optionee’s employment or service terminated. When the Optionee’s employment or service terminates, this Option shall expire immediately with respect to the number of Shares
for which the Option is not yet vested. If the Optionee dies after termination of employment or service, but before the expiration of the Option, all or part of this Option may be exercised (prior to expiration) by the personal representative of the
Optionee or by any person who has acquired this Option directly from the Optionee by will, bequest or inheritance, but only to the extent that the Option was vested and exercisable upon termination of the Optionee’s employment or service. 

(c) Definition of “Cause.” The term “Cause” shall have the meaning ascribed to such term in the
Optionee’s employment, director services or similar agreement with the Company or any Subsidiary. If the Optionee’s employment, director services or similar agreement does not define the term “Cause,” or if the Optionee has not
entered into an employment, director services or similar agreement with the Company or any Subsidiary, the term “Cause” shall mean (i) the willful engaging by the Optionee in misconduct that is demonstrably injurious to the Company or
any affiliate thereof (monetarily or otherwise), (ii) the Optionee’s conviction of, or pleading guilty or nolo contendere to, a felony involving moral turpitude, or (iii) the Optionee’s violation of any confidentiality,
non-solicitation, or non-competition covenant to which the Optionee is subject. 
 (d) Definition of “Disability.”
The term “Disability” shall have the meaning ascribed to such term in the Optionee’s employment, director services or similar agreement with the Company or any Subsidiary. If the Optionee’s employment,
director services or similar agreement does not define the term “Disability,” or if the Optionee has not entered into an employment, director services or similar agreement with the Company or any Subsidiary, the term
“Disability” shall mean the Optionee’s entitlement to long-term disability benefits pursuant to the long-term disability plan maintained by the Company or in which the Company’s employees participate. 

SECTION 4. TRANSFERABILITY OF OPTION. 

(a) Generally. Except as provided in Section 4(b) herein, the Option shall not be transferable by the Optionee other than by will
or the laws of descent and distribution, and the Option shall be exercisable during the Optionee’s lifetime only by the Optionee or on his or her behalf by the Optionee’s guardian or legal representative. 

  
 -2- 









 (b) Transfers to Family Members. Notwithstanding Section 4(a) herein, if the Option
is a Nonqualified Stock Option, the Optionee may transfer the Option for no consideration to or for the benefit of a Family Member, subject to such limits as the Committee may establish, and the transferee shall remain subject to all the terms and
conditions applicable to the Option. 
 (c) Definition of “Family Member.” For purposes of this Agreement, the term
“Family Member” shall mean any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law of the
Optionee (including adoptive relationships), any person sharing the same household as the Optionee (other than a tenant or employee), a trust in which the above persons have more than fifty percent of the beneficial interests, a foundation in which
the Optionee or the above persons control the management of assets, and any other entity in which the Optionee or the above persons own more than fifty percent of the voting interests. 

SECTION 5. MISCELLANEOUS PROVISIONS. 

(a) Acknowledgements. The Optionee hereby acknowledges that he or she has read and understands the terms of the Plan and this
Agreement, and agrees to be bound by their respective terms and conditions. The Optionee acknowledges that there may be tax consequences upon the exercise or transfer of the Option and that the Optionee should consult an independent tax advisor
prior to any exercise or transfer of the Option. 
 (b) Tax Withholding. Pursuant to Article 20 of the Plan, the Committee
shall have the power and the right to deduct or withhold, or require the Optionee to remit to the Company, an amount sufficient to satisfy any federal, state and local taxes (including the Optionee’s FICA obligations) required by law to be
withheld with respect to this Option. The Committee may condition the delivery of Shares upon the Optionee’s satisfaction of such withholding obligations. The Optionee may elect to satisfy all or part of such withholding requirement by
tendering previously-owned Shares or by having the Company withhold Shares having a Fair Market Value equal to the minimum statutory withholding (based on minimum statutory withholding rates for federal, state and local tax purposes, as applicable,
including the Optionee’s FICA taxes) that could be imposed on the transaction, and, to the extent the Committee so permits, amounts in excess of the minimum statutory withholding to the extent it would not result in additional accounting
expense. Such election shall be irrevocable, made in writing and signed by the Optionee, and shall be subject to any restrictions or limitations that the Committee, in its sole discretion, deems appropriate. 

(c) Holding Period. If and when (i) the Optionee is an Officer (as defined in Rule 16a-1(f) of the Exchange Act) or holds
the title of President of Data and Analytics, President of Origination Technologies, Chief Information Officer and President of Servicing Technology, or President of RealEC Technologies, and (ii) Optionee does not hold Shares with a value
sufficient 

  
 -3- 









 
to satisfy the applicable stock ownership guidelines of the Company in place at that time (if any), then Optionee must retain at least 50% of the Shares acquired by Optionee as a result of any
exercise of this Option (excluding from the calculation any Shares withheld, sold, cancelled, or otherwise forfeited by Optionee for purposes of satisfying the exercise price and tax obligations in connection with the exercise of the Option) until
such time as the value of the Shares remaining in Optionee’s possession following any sale, assignment, pledge, exchange, gift or other transfer of the Shares acquired by Optionee as a result of the exercise of this Option shall be sufficient
to meet any applicable stock ownership guidelines of the Company in place at that time. For the avoidance of doubt, at any time when Optionee holds, in the aggregate, Shares with a value sufficient to satisfy the applicable stock ownership
guidelines of the Company in place at that time, Optionee may enter into a transaction with respect to any Shares acquired by Optionee as a result of the exercise of the Option without regard to the holding period requirement contained in this
Section 5(c) so long as Optionee shall continue to satisfy such stock ownership guidelines following such transaction. 
 (d)
Notice Concerning Disqualifying Dispositions. If the Option is an Incentive Stock Option, the Optionee shall notify the Committee of any disposition of Shares issued pursuant to the exercise of the Option if the disposition constitutes a
“disqualifying disposition” within the meaning of Sections 421 and 422 of the Code (or any successor provision of the Code then in effect relating to disqualifying dispositions). Such notice shall be provided by the Optionee to the
Committee in writing within 10 days of any such disqualifying disposition. 
 (e) Rights as a Stockholder. Neither the Optionee
nor the Optionee’s transferee or representative shall have any rights as a stockholder with respect to any Shares subject to this Option until the Option has been exercised and Share certificates have been issued to the Optionee, transferee or
representative, as the case may be. 
 (f) Ratification of Actions. By accepting this Agreement, the Optionee and each person
claiming under or through the Optionee shall be conclusively deemed to have indicated the Optionee’s acceptance and ratification of, and consent to, any action taken under the Plan or this Agreement and Notice by the Company, the Board, or the
Committee. 
 (g) Notice. Any notice required by the terms of this Agreement shall be given in writing and shall be deemed
effective upon personal delivery or upon deposit with the United States Postal Service, by registered or certified mail, with postage and fees prepaid. Notice shall be addressed to the Company at its principal executive office and to the Optionee at
the address that he or she most recently provided in writing to the Company. 
 (h) Choice of Law. This Agreement and the
Notice shall be governed by, and construed in accordance with, the laws of Florida, without regard to any conflicts of law or choice of law rule or principle that might otherwise cause the Plan, this Agreement or the Notice to be governed by or
construed in accordance with the substantive law of another jurisdiction. 
 (i) Arbitration. Subject to Article 3 of the Plan,
any dispute or claim arising out of or relating to the Plan, this Agreement or the Notice shall be settled by binding arbitration before a single arbitrator in Jacksonville, Florida and in accordance with the Commercial Arbitration


  
 -4- 









 
Rules of the American Arbitration Association. The arbitrator shall decide any issues submitted in accordance with the provisions and commercial purposes of the Plan, this Agreement and the
Notice, provided that all substantive questions of law shall be determined in accordance with the state and Federal laws applicable in Florida, without regard to internal principles relating to conflict of laws. 

(j) Modification or Amendment. This Agreement may only be modified or amended by written agreement executed by the parties
hereto; provided, however, that the adjustments permitted pursuant to Section 4.3 of the Plan may be made without such written agreement. 

(k) Severability. In the event any provision of this Agreement shall be held illegal or invalid for any reason, the illegality or
invalidity shall not affect the remaining provisions of this Agreement, and this Agreement shall be construed and enforced as if such illegal or invalid provision had not been included. 

(l) References to Plan. All references to the Plan (or to a Section or Article of the Plan) shall be deemed references to the
Plan (or the Section or Article) as may be amended from time to time. 
 (m) Section 409A Compliance. To the extent
applicable, it is intended that the Plan and this Agreement comply with the requirements of Code Section 409A and any related regulations or other guidance promulgated with respect to such Section by the U.S. Department of the Treasury or the
Internal Revenue Service and the Plan and the Award Agreement shall be interpreted accordingly. 

  
 -5-