Exhibit 10.11


 


FiscalNote Holdings, Inc.

2022 Long-Term Incentive Plan


 


NOTICE OF RESTRICTED STOCK UNIT AWARD


 


[FiscalNote Pubco] (“Company”) has
awarded to you (“Participant”) restricted stock units (“RSUs”) covering the number
of Shares set forth below (the “RSU Award”) under the FiscalNote Holdings, Inc. 2022 Long-Term Incentive
Plan (the “Plan”). Your “Award Agreement” applicable to the RSUs consists of (a) this
Notice of Restricted Stock Unit Award (this “Notice”), and (b) the attached Standard Terms and Conditions
for Restricted Stock Units (RSUs) (the “RSU Terms and Conditions”). Capitalized terms used but not defined
in this Award Agreement will have the same meanings specified in the Plan.


 


	Name of Participant:	
    
	

     

	

                                                     

                                                    Grant Date:
		 
	
     

    Grant ID:

    
	
    
	

     

	
     

    Number of RSUs:

    
	
    

    
	

     

	
     

    Country at Grant:

    
	United
States
	 
	
     

    Vesting Commencement

    Date:

    
	
    
	

     

	

                                                     

                                                    Vesting
Schedule:
	 	 



 


 


By accepting (whether electronically or otherwise) the RSU Award,
you acknowledge and agree to the following:


 


		1.	The RSU Award is governed by the terms and conditions of this Award Agreement and the Plan. In the event of a conflict between the
terms of the Plan and this Award Agreement, the terms of the Plan will prevail.



 


		2.	You have received a copy of the Plan, this Award Agreement, the Plan prospectus, and the FiscaNote Holdings, Inc.Insider Trading
Policy (“Trading Policy”), and represent that you have read these documents and are familiar with their terms.
You further agree to accept as binding, conclusive, and final all decisions and interpretations of the Committee regarding any questions
relating to the RSU Award and the Plan.



 


		3.	Vesting of the RSUs is subject to your Continuous Service as an Employee, Director, or Consultant, which is for an unspecified duration
and may be terminated at any time, with or without Cause, and nothing in this Award Agreement or the Plan changes the nature of that relationship.



 


		4.	The Company is not providing any tax, legal, or financial advice, nor is the Company making any recommendations regarding participation
in the Plan. You should consult with your own personal tax, legal, and financial advisors regarding participation in the Plan before
taking any action related to the Plan.



 


		5.	If you do not accept or decline this RSU Award within 90 days of the Grant Date or by such other date that may be communicated
to you by the Company, the Company will accept this RSU Award on your behalf and you will be deemed to have accepted the terms and conditions
of the RSUs set forth in the Plan and this Award Agreement and you must sign any future agreements related to this RSU Award as and when
requested by the Company or this RSU Award will be forfeited without consideration. If you wish to decline this RSU Award, you should
promptly notify the Company at its principal place of business, Attention: Stock Administration, or by electronic mail benefits@fiscalnote.com.
If you decline this RSU Award, the RSUs will be cancelled and no benefits from the RSUs nor any compensation or benefits in lieu of the
RSUs will be provided to you.



 






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IN WITNESS WHEREOF, the
Company has caused this Notice to be executed by its duly authorized officer.


 





	 	FISCALNOTE HOLDINGS, INC.
	 	 
	 	 
	 	Name
	 	Title



 


[Participant Signature page follows on
the reverse side of this Notice]


 



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PARTICIPANT’S ACCEPTANCE


 


The undersigned hereby accepts the foregoing RSU Award and agrees to
the terms and conditions of the Award Agreement and the Plan. The undersigned hereby acknowledges receipt of the attached Standard Terms
and Conditions and that a copy of the Plan is available on the Company’s internal SharePoint website.


 


	 	PARTICIPANT
	 	 
	 	 
	 	Signature






 
















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FiscalNote Holdings, Inc.

2022 Long-Term Incentive Plan


 


STANDARD TERMS AND CONDITIONS FOR


RESTRICTED STOCK UNITS (RSUs)


 


1.       GRANT
OF RESTRICTED STOCK UNITS


 


A restricted stock unit (“RSU”) is a non-voting unit of
measurement that is deemed solely for bookkeeping purposes to be equivalent to one outstanding Share. The RSUs are used solely as a device
to determine the number of Shares to eventually be issued to Participant if such RSUs vest. The RSUs shall not be treated as property
or as a trust fund of any kind.


 


2.       SETTLEMENT


 


(a)        On
or as soon as administratively practical (and within thirty (30) days) following the applicable date of vesting under the Vesting
Schedule set forth in the Notice (a “Vesting Date”), and subject to the Participant remaining in Continuous Service through
the applicable Vesting Date, the Company will deliver to Participant a number of Shares (either by delivering one or more certificates
for such Shares or by entering such Shares in book entry form, as determined by the Company in its discretion) equal to the number of
RSUs subject to the RSU Award that vest on the applicable Vesting Date, subject to the satisfaction of any applicable withholding obligations
for Tax-Related Items (defined below). No fractional RSUs or rights for fractional Shares shall be created pursuant to this Agreement.


 


(b)       The
Company reserves the right to issue to Participant the cash equivalent of Shares, in part or in full satisfaction of the delivery of Shares,
upon vesting of the RSUs, and to the extent applicable, references in this Award Agreement to Shares issuable in connection with the RSUs
will include the potential issuance of its cash equivalent pursuant to such right.


 


3.       DIVIDEND
AND VOTING RIGHTS


 


Unless and until such time as Shares are issued in settlement of vested
RSUs, Participant will have no ownership of the Shares allocated to the RSUs, and will have no rights to vote such Shares and no rights
to dividends nor any payment, payment-in-kind or any equivalent with regard to any cash or other dividends that are declared and paid
on Shares.


 


4.       NON-TRANSFERABILITY
OF RSUs


 


The RSUs and any interest therein will not be sold, assigned, transferred,
pledged, hypothecated, or otherwise disposed of in any manner other than by will or by the laws of descent or distribution or court order,
and any permitted transferee shall be bound by all of the terms and conditions of the Plan and this Award Agreement. The terms of the
Plan and this Award Agreement will be binding upon the executors, administrators, heirs, successors, and assigns of Participant.


 


5.       TERMINATION


 


The Committee shall have the exclusive discretion to determine when
Participant is no longer actively providing services for purposes of his or her RSU Award (including whether Participant may still be
considered to be providing services while on a leave of absence).


 


(a)       Cause.
In the event that Participant’s Continuous Service is terminated for Cause, as of the date of such termination all RSUs shall cease
to vest and any outstanding RSUs and vested RSUs that have yet to settle (pursuant to Section 2 of these RSU Terms and Conditions)
shall immediately be forfeited to the Company, and all rights of Participant to such RSUs will immediately terminate without payment of
consideration by the Company.


 






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(b)       Other.
Unless the Committee determines otherwise, in the event that Participant’s Continuous Service terminates for any reason other than
for Cause, as of the date of such termination all RSUs shall cease to vest and (except for any vested RSUs that have yet to settle, pursuant
to Section 2 of these RSU Terms and Conditions) shall immediately be forfeited to the Company and all rights of Participant to such
RSUs will immediately terminate without payment of consideration by the Company.


 


6.       TAXES


 


(a)       Responsibility
for Taxes. By accepting this RSU Award, Participant acknowledges that, regardless of any action taken by the Company or, if different,
any Affiliate that employs Participant (the “Employer”), the ultimate liability for all income tax, social insurance,
payroll tax, fringe benefits tax, payment on account, employment tax, stamp tax or other tax-related items related to the Participant’s
participation in the Plan and legally applicable to the Participant, including any employer liability for which the Participant is liable
(the “Tax-Related Items”) is and remains Participant’s responsibility and may exceed the amount actually
withheld by the Company or the Employer. Participant further acknowledges that the Company and/or the Employer (i) make no representations
or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the RSU Award, including, but not limited
to, the grant, vesting, or settlement of the RSU Award, the subsequent sale of Shares acquired pursuant to such settlement, and the receipt
of any dividends, and (ii) do not commit to and are under no obligation to structure the terms of the grant or any aspect of the
RSU Award to reduce or eliminate Participant’s liability for Tax-Related Items or achieve any particular tax result. Further, if
Participant is subject to Tax-Related Items in more than one jurisdiction, as applicable, Participant acknowledges that the Company and/or
the Employer may be required to withhold or account for Tax-Related Items in more than one jurisdiction. Participant agrees to pay to
the Company or the Employer any amount of Tax-Related Items that the Company or the Employer may be required to withhold or account for
as a result of Participant’s participation in the Plan that cannot be satisfied by the means described in this Section. The Company
may refuse to issue or deliver the Shares, or the proceeds of the sale of Shares, if Participant fails to comply with Participant’s
obligations in connection with the Tax-Related Items.


 


(b)       Withholding.
Prior to the relevant taxable or tax withholding event, as applicable, Participant agrees to make adequate arrangements satisfactory to
the Company and/or the Employer to satisfy all Tax-Related Items.


 


Withholding for Tax-Related Items will be made in accordance with Section 8
of the Plan and such rules and procedures as may be established by the Committee, and in compliance with the Trading Policy, if applicable.
In the event the Company or the Employer withholds more than the Tax-Related Items using one of the methods described above, Participant
may receive a refund of any over-withheld amount in cash but will have no entitlement to the Shares sold or withheld. If the withholding
obligation is satisfied by withholding in Shares, for tax purposes, Participant will be deemed to have been issued the full number of
vested Shares underlying the RSUs, notwithstanding that a number of the Shares is held back solely for the purpose of paying the Tax-Related
Items. No fractional Shares will be withheld or issued pursuant to the settlement of the RSUs and the Tax-Related Items thereunder.


 


7.       CODE
SECTION 409A


 


It is intended that the terms of the RSU Award will not result in the
imposition of any tax liability pursuant to Section 409A of the Code, and this Award Agreement shall be construed and interpreted
consistent with that intent. Payments pursuant to this RSU Award are intended to constitute separate payments for purposes of Section 409A
of the Code.


 


8.       GOVERNING
LAW AND VENUE


 


This Award Agreement shall be governed by and construed and
interpreted in accordance with the laws of the State of Delaware, without giving effect to principles of conflicts of law. For
purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by this grant
or this Award Agreement, the parties hereby submit to the exclusive jurisdiction of the State of Delaware and agree that such
litigation shall be conducted only in the courts of Delaware, or the federal courts for the United States for Delaware, and no other
courts, where this grant is made and/or to be performed.


 






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9.       ENTIRE
AGREEMENT; ENFORCEMENT OF RIGHTS


 


This Award Agreement, together with the Plan, sets forth the entire
agreement and understanding of the parties relating to the subject matter herein and supersedes all prior discussions, agreements, commitments,
or negotiations between the parties. Except as otherwise permitted by the Plan, no modification of, or amendment to, this Award Agreement,
nor any waiver of any rights under this Award Agreement, will be effective unless in writing and signed by the parties to this Award Agreement
(which may be electronic). The failure by either party to enforce any rights under this Award Agreement will not be construed as a waiver
of any rights of such party.


 


10.     SEVERABILITY


 


If one or more provisions of this Award Agreement are held to be unenforceable
under Applicable Law, the parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually
agreeable and enforceable replacement for such provision, then (a) such provision shall be excluded from this Award Agreement, (b) the
balance of this Award Agreement shall be interpreted as if such provision were so excluded, and (c) the balance of this Award Agreement
shall be enforceable in accordance with its terms.


 


11.     CONSENT
TO ELECTRONIC DELIVERY AND PARTICIPATION


 


By accepting this RSU Award, Participant agrees to participate in the
Plan through an on-line or electronic system established and maintained by the Company or a third party designated by the Company, and
consents to the electronic delivery of the Award Agreement, the Plan, account statements, Plan prospectuses, and all other documents,
communications, or information related to the RSU Award and current or future participation in the Plan. Electronic delivery may include
the delivery of a link to the Company’s internal SharePoint website or the internet site of a third party involved in administering
the Plan, the delivery of the document via e-mail, or such other delivery determined at the Company’s discretion. Participant may
receive from the Company a paper copy of any documents delivered electronically at no cost if Participant contacts the Company by telephone,
through a postal service, or electronic mail to Stock Administration.


 


12.     LANGUAGE


 


Participant acknowledges that Participant is proficient in the English
language and, accordingly, understands the provisions of this Award Agreement and the Plan. If Participant has received this Award Agreement,
or any other document related to the RSU Award and/or the Plan translated into a language other than English and if the meaning of the
translated version is different than the English version, the English version will control.


 


13.     IMPOSITION
OF OTHER REQUIREMENTS


 


The Company reserves the right to impose other requirements on Participant’s
participation in the Plan, on the RSU Award, and on any cash payment delivered upon exercise of the RSU Award, to the extent the Company
determines it is necessary or advisable for legal or administrative reasons, and to require Participant to accept any additional agreements
or undertakings that may be necessary to accomplish the foregoing.


 


14.     INSIDER
TRADING/MARKET ABUSE LAWS


 





Participant may be subject to insider trading restrictions and/or market
abuse laws in applicable jurisdictions, including, but not limited to, the United States, which may affect Participant’s ability
to accept, acquire, sell, or otherwise dispose of Shares, rights to Shares (e.g., RSUs), or rights linked to the value of Shares under
the Plan during such times as Participant is considered to have “inside information” regarding the Company (as defined by
the laws in the applicable jurisdictions). Any restrictions under these laws or regulations are separate from and in addition to any restrictions
that may be imposed under the Trading Policy. Neither the Company nor any of its Subsidiaries, or Affiliates will be responsible for such
restrictions or liable for the failure on Participant’s part to know and abide by such restrictions. Participant should consult
with his or her own personal legal advisers to ensure compliance with local laws.


 






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15.     NO
EMPLOYMENT RIGHT


 


Nothing in the Plan, in the Award Agreement or any other instrument
executed pursuant to the Plan shall confer upon Participant any right to continue in the Company’s employ or service nor limit in
any way the Company’s right to terminate Participant’s Continuous Service at any time for any reason.


 






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