Document:

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Exhibit 10.3

TREEHOUSE FOODS, INC. 
2022 PERFORMANCE-BASED RESTRICTED SHARE UNIT AWARD AGREEMENT

TreeHouse Foods, Inc., a Delaware corporation (the “Company”), is pleased to grant you this Performance-Based Restricted Share Unit Award (the “Award”) under the TreeHouse Foods, Inc. Equity and Incentive Plan, as amended and restated effective February 27, 2019 (the “Plan”).  This Award is subject to the terms and conditions as set forth in this Performance-Based Restricted Share Unit Award Agreement (the “Agreement”) and the Plan, which is incorporated by reference herein in its entirety.  Defined terms not explicitly defined in this Agreement but defined in the Plan shall have the same definitions as in the Plan.

						
	Participant:	
	Employee ID:	
	Date of Grant:	May 13, 2022
	Number of Performance Share Units (the “Units”):	

WHEREAS, the Award is being made by the Compensation Committee (the “Committee”) of the Board of Directors; and

NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements herein contained, and as an inducement to the Participant to continue as an Employee of the Company (or an Affiliate) and to promote the success of the business of the Company and its Affiliates, the parties hereby agree as follows:

1.Grant of Units.  The Company hereby grants to the Participant the total number of Units, effective as of the Date of Grant, and on the terms and subject to the conditions, limitations and restrictions set forth in the Plan and in this Agreement. 

2.Transfer Restrictions; Holding Period.  None of the Units shall be sold, assigned, pledged or otherwise transferred, voluntarily or involuntarily, by the Participant prior to the conversion of Units pursuant to Section 3, and until permitted pursuant to the terms of the Plan and this Agreement.  The net, after tax, number of shares of Stock issued in settlement of any earned Units shall be subject to a mandatory holding period through the third (3rd) anniversary of the Date of Grant and such Stock may not be sold, assigned, pledged or otherwise transferred, voluntarily or involuntarily, by the Participant prior to such date.

3.Accrued and Earned Units; Termination of Service.  The Units shall be earned based on the achievement of both the Company’s absolute Annualized TSR and the Company’s relative Annualized TSR as compared to the S&P Index (as defined and described in Exhibit A attached hereto, and collectively, the “Performance Goals”) during the period commencing as of the Date of Grant and ending on the second anniversary of the Date of Grant (the “Performance Period”).  Subject to the degree of attainment of the Performance Goals, the Participant may earn 0% to 450% of the Units (the “Earned Units”).  In all cases, the Earned Units will be limited to a maximum number of Units equal in value to seven (7) times the value of the target number of Units awarded at the Date of Grant. 

(a)Settlement.  The Earned Units (determined as described in Exhibit A) shall be converted to Stock on or about the second (2nd) anniversary of the Date of Grant, but no later than the 

45th day after the second (2nd) anniversary of the Date of Grant, provided that, and except as otherwise provided in Section 3(b) below, (1) the Committee certifies the attainment of the Performance Goals in the manner set forth in the Plan and (2) the Participant continues to be employed by the Company (or an Affiliate) through the second (2nd) anniversary of the Date of Grant.  Each Earned Unit shall represent the right of the Participant to receive one share of Stock subject to and upon the terms and conditions of this Agreement.

(b)Certain Terminations.  If the Participant’s Service terminates during the Performance Period due to death, Disability, or the Company terminates the Participant’s Service without Cause during the Performance Period, the Participant shall receive a pro rata portion of the Units determined based on a fraction the numerator of which is the number of full calendar months of the Participant’s Service during the Performance Period and the denominator of which is twenty-four (24) multiplied by the total number of Units that would have been earned based on actual Performance Goal results for the Performance Period.  For purposes of illustration only, assuming that the Participant’s Service terminates due to Disability on November 13, 2023, the Participant will be entitled to receive a pro-rata portion (18/24th) of the Units that are earned based on actual achievement of the Performance Goals for the Performance Period.  In the event that the Participant earns Units pursuant to this Section 3(b), such Units shall be converted to Stock following the approval of the Committee, on the second (2nd) anniversary of the Date of Grant, but not later than the 45th day after the second (2nd) anniversary of the Date of Grant.  Notwithstanding the preceding sentence, if the Participant is a “specified employee” as determined under Section 409A of the Internal Revenue Code of 1986, as amended, and the Company terminates the Participant’s Service without Cause during the Performance Period, such Participant shall have such Units converted to Stock on the date that is the later of: (x) the first day following the six month anniversary of the Participant’s separation from service (as defined under Section 409A), or (y) the date such Units would have otherwise been converted pursuant to this Section 3(b).  Notwithstanding Section 2(a) of the Plan, “Cause” for purposes of this Agreement shall be defined as set forth in the Plan, but shall also include any termination of the Participant’s Service as a result of the Participant’s continued failure to meet performance objectives or expectations after receiving a written demand that specifically identifies the manner in which the Company believes that Participant has not performed.  The final determination of whether the Participant has been discharged or has terminated Service for any of the reasons specified in this paragraph 3(b) will be made by the Board, as applicable, in its sole and absolute discretion.

(c)Any shares of Stock issued in settlement of the Units pursuant to this Section 3 will be subject to the holding period set forth in Section 2 above.

4.Effect of Change in Control.  In the event of a Change in Control, the Units will be treated in accordance with the terms of the Plan, except as otherwise set forth in this Section 5.  In the event that the New Employer after a Change in Control does not assume the Award or substitute for the Award an economically equivalent award that meets the requirements of Section 9(a) of the Plan, notwithstanding any other provision of the Plan to the contrary, immediately upon occurrence of the Change in Control each outstanding Unit shall be cancelled in exchange for a payment (payable in accordance with Section 9(c) of the Plan) equal the Change in Control Price, multiplied by the greater of (a) 100% of the Units granted hereunder and (b) the number of Units that would have been earned based on actual performance against the Performance Goals through the date of the Change in Control.  For the avoidance of doubt, as used in Section 9 of the Plan, the “target performance level” for the Units shall mean a payout of 100% of the Units granted hereunder.

5.Forfeiture.  Except as provided in Section 3(b), the Units shall be forfeited to the Company upon the Participant’s termination of Service with the Company and its Affiliates for any reason prior to the second (2nd) anniversary of the Date of Grant.

6.Non-Solicitation of Employees; Non-Competition. 

(a)The Participant agrees that, in return for the Company agreeing to provide the Participant with the opportunity to receive Units under the terms of this Agreement, during the Participant’s Service with the Company and its Affiliates, and during the eighteen (18) month period following the termination of the Participant’s Service for any reason, the Participant shall not, except in the course of carrying out the Participant’s duties of Service with the Company, directly or indirectly induce any employee of the Company or any of its Affiliates to terminate employment with such entity, and shall not directly or indirectly, either individually or as owner, agent, employee, consultant or otherwise, knowingly employ or offer employment to any person who is or was employed by the Company or an Affiliate thereof unless such person shall have ceased to be employed by such entity for a period of at least six (6) months.  

(b)The Participant further agrees that, in return for the Company agreeing to provide the Participant with the opportunity to receive Units under the terms of this Agreement, during the Participant’s Service with the Company and its Affiliates, and during the twelve (12) month period following the earlier of (i) termination of the Participant’s Service for any reason and (ii) the vesting and settlement of this Award, the Participant shall not become associated with any entity, whether as a principal, partner, employee, consultant or shareholder (other than as a holder of not in excess of one percent (1%) of the outstanding voting shares of any publicly traded company), that is actively engaged in any geographic area in any business which is in competition with a business conducted by the Company at the time of the alleged competition.

(c)The Participant agrees and acknowledges that the Participant’s obligations under this Section 7 remain in full force and effect even if the Participant does not earn or receive any portion of the Units and/or the Participant’s Service with the Company is terminated, regardless of the reason, before the Participant becomes eligible to earn or receive any portion of the Units.  The restrictions in this Section 7 shall be extended for any time during which the Participant is in breach such that the Participant does not engage in any of the activities during the Participant’s Service and during the applicable eighteen (18) month or twelve (12) month period following the termination of the Participant’s Service for any reason.  To the extent permitted by law, if the Company determines that the Participant has violated or is threatening to violate this Section 7, the Participant will immediately forfeit all Units hereunder and the Company will have the right to seek recoupment of any Shares that have already been issued hereunder (or the cash value of any such Shares if previously disposed of).  In addition, the covenants set forth in this Section 7 relate to special, unique, and extraordinary matters and a violation of such covenants and obligations may cause the Company irreparable injury for which adequate remedies are not available at law.  Therefore, the Company shall be entitled to an injunction, restraining order or such other equitable relief restraining the Participant from committing any violation of this Section 7.  This injunctive remedy shall be cumulative and in addition to any other rights and remedies the Company has at law or in equity.

7.No Rights as a Stockholder.  The Participant shall not be entitled to any of the rights of a stockholder with respect to the Units unless and until such Units vest and are converted to shares 

of Stock, including without limitation the right to vote and tender Stock and the right to receive dividends and other distributions payable with respect to Stock.  

8.Tax Withholding.  The Company shall have the right to require the Participant to remit to the Company, or to withhold from other amounts payable to the Participant, as compensation or otherwise, an amount sufficient to satisfy all federal, state and local withholding tax requirements as provided in the Plan, or the Company shall have the right to retain (or the Participant may be offered the opportunity to elect to tender) the number of shares of Stock whose Fair Market Value equals such amount required to be withheld.  

9.Plan Incorporated.  The Participant accepts the Units subject to all the terms and conditions of the Plan, which are incorporated into this Agreement, including the provisions that authorize the Committee to administer and interpret the Plan and which provide that the Committee’s decisions, determinations and interpretations with respect to the Plan are final and conclusive on all persons affected thereby.  Except as otherwise set forth in this Agreement, capitalized terms used herein and not otherwise defined in this Agreement shall have the meanings set forth in the Plan. Any inconsistency between the Agreement and the Plan shall be resolved in favor of the Plan. The Participant hereby acknowledges receipt of a copy of the Plan.

10.Miscellaneous.

(a)No Guaranteed Service or Employment.  Neither the granting of the Units, nor any provision of this Agreement or the Plan, shall (a) affect the right of the Company to terminate the Participant at any time, with or without Cause, or (b) shall be deemed to create any rights to employment or Service or continued employment or continued Service on the part of the Participant or any rights to participate in any employee benefit plan or program (other than the Plan) of the Company or any Affiliate or to receive any benefits or rights associated with employment or Service with the Company.  The rights and obligations arising under this Agreement are not intended to and do not affect the employment or Service relationship that otherwise exists between the Company (or any Affiliate) and the Participant, whether such relationship is at will or defined by an employment contract.  Moreover, this Agreement is not intended to and does not amend any existing employment contract between the Company and the Participant; to the extent there is a conflict between this Agreement and such an employment contract, the employment contract shall govern and take priority.

(b)Notices.  Any notice to be given to the Company under the terms of this Agreement shall be addressed to the Company at its principal executive offices, and any notice to be given to the Participant shall be addressed to the Participant at the Participant’s last address on record with the Company, or at such other address for a party as such party may hereafter designate in writing to the other.  Any such notice shall be deemed to have been duly given if mailed, postage prepaid, addressed as aforesaid.

(c)Review Period and Attorney Consultation.  Participant has, and by executing this Agreement acknowledges that Participant has been given, more than fourteen full (14) days within which to consider this Agreement before executing it.  Participant is hereby advised to consult prior to executing this Agreement with an attorney of Participant’s choice and at Participant’s expense.

(d)Binding Agreement.  Subject to the limitations in this Agreement on the transferability by the Participant of the Units, this Agreement shall be binding upon and inure to the benefit of the representatives, executors, successors or beneficiaries of the parties hereto.

(e)Governing Law.  The interpretation, performance and enforcement of this Agreement shall be governed by the laws of the State of Illinois and the United States, as applicable, without reference to the conflicts of law provisions thereof.  The jurisdiction and venue for any disputes arising under, or any action brought to enforce (or otherwise relating to), this Agreement shall be exclusively in the courts in the State of Illinois, County of Cook or DuPage, including the Federal Courts located therein (should Federal jurisdiction exist), and the Company and the Participant hereby submit and consent to said jurisdiction and venue.

(f)Severability.  If any provision of this Agreement is declared or found to be illegal, unenforceable or void, in whole or in part, then the parties shall be relieved of all obligations arising under such provision, but only to the extent that it is illegal, unenforceable or void, it being the intent and agreement of the parties that this Agreement shall be deemed amended by modifying such provision to the extent necessary to make it legal and enforceable while preserving its intent or, if that is not possible, by substituting therefore another provision that is legal and enforceable and achieves the same objectives. 
 
(g)Headings.  All section titles and captions in this Agreement are for convenience only, shall not be deemed part of this Agreement, and in no way shall define, limit, extend or describe the scope or intent of any provisions of this Agreement.

(h)Entire Agreement.  This Agreement constitutes the entire agreement among the parties hereto pertaining to the subject matter hereof and supersedes all prior agreements and understandings pertaining thereto.

(i)No Waiver.  No failure by any party to insist upon the strict performance of any covenant, duty, agreement or condition of this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute waiver of any such breach or any other covenant, duty, agreement or condition.  

(j)Counterparts.  This Agreement may be executed in counterparts, all of which together shall constitute one agreement binding on all the parties hereto, notwithstanding that all such parties are not signatories to the original or the same counterpart.

(k)Relief.  In addition to all other rights or remedies available at law or in equity, the Company shall be entitled to injunctive and other equitable relief to prevent or enjoin any violation of the provisions of this Agreement.  

(l)Beneficiary Designation.  The Participant may, from time to time, in accordance with procedures set forth by the Committee, name any beneficiary or beneficiaries (who may be named contingently) to whom any benefit under this Agreement is to be paid in case of his or her death before he or she receives any or all of such benefit.  Each such designation shall revoke all prior designations by the Participant, shall be in a form prescribed by the Company, and shall be effective only if and when it is properly completed and filed by the Participant in writing with the Company during the Participant’s lifetime.  In the absence of any such valid and effective designation, benefits remaining unpaid at the Participant’s death shall be paid to the Participant’s estate.  

(m)Administration.  This Agreement and the rights of the Participant hereunder are subject to all the terms and conditions of the Plan, as the same may be amended from time to time, as well as to such rules and regulations as the Committee may adopt for administration of the 

Plan.  It is expressly understood that the Committee is authorized to administer, construe, and make all determinations necessary or appropriate, in its sole discretion, to the administration of the Plan and this Agreement, all of which shall be binding upon the Participant.

(n)No Vested Right to Future Awards.  Participant acknowledges and agrees that the granting of Units under this Agreement is made on a fully discretionary basis by the Company and that this Agreement does not lead to a vested right to further awards under the Plan or a successor equity plan of the Company, in the future. 

(o)Use of Personal Data.  By executing this Agreement, Participant acknowledges and agrees to the collection, use, processing and transfer of certain personal data, including his or her name, salary, nationality, job title, position, and details of all past awards and current awards outstanding under the Plan (“Data”), for the purpose of managing and administering the Plan.  The Participant is not obliged to consent to such collection, use, processing and transfer of personal data, but a refusal to provide such consent may affect his or her ability to participate in the Plan.  The Company, or its Affiliates, may transfer Data among themselves or to third parties as necessary for the purpose of implementation, administration and management of the Plan.  These various recipients of Data may be located elsewhere throughout the world.  The Participant authorizes these various recipients of Data to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing the Plan.  The Participant may, at any time, review Data with respect to the Participant and require any necessary amendments to such Data.  The Participant may withdraw his or her consent to use Data herein by notifying the Company in writing; however, the Participant understands that by withdrawing his or her consent to use Data, the Participant may affect his or her ability to participate in the Plan.

(p)Erroneously Awarded Compensation.  The Units and any Stock issued with respect to Units hereunder are subject to any compensation recoupment and/or recovery policy adopted by the Company from time to time to comply with applicable law, including, without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act, or to comport with good corporate governance practices, as such policies may be amended from time to time.

(q)Amendment.  Any amendment to the Agreement shall be in writing and signed by the Company.

EXHIBIT A

Performance Goals

If the Company’s Annualized TSR over the Performance period is equal to or greater than the Annualized TSR of the S&P Food and Beverage Index over the Performance Period, a number of Units shall be earned equal to (i) the total number of Units granted multiplied by (ii) the applicable “Percentage of Units Earned” as indicated in Table I below based on the achievement during the Performance Period of Annualized TSR at the levels designated in Table I below. 

Table I – Annualized TSR Outperforms S&P Index

						
	Annualized TSR over Performance Period	Percentage of Units Earned*

	Less than 6.5%	0%
	6.5%	33%
	8.9%	66%
	11.2%	100%
	13.5%	150%
	15.8%	200%
	18.0%	300%
	20.1%	400%
	22.2%	425%
	24.3% or greater	450%

*Interpolation: To the extent performance falls between two levels in the table above, linear interpolation shall apply in determining the percentage of the units that are earned.

If the Company’s Annualized TSR over the Performance period is less than the Annualized TSR of the S&P Index over the Performance Period, a number of Units shall be earned equal to (i) the total number of Units granted multiplied by (ii) the applicable “Percentage of Units Earned” as indicated in Table II below based on the achievement during the Performance Period of Annualized TSR at the levels designated in Table II below. 

Table II – Annualized TSR Underperforms S&P Index

						
	Annualized TSR over Performance Period	Percentage of Units Earned*

	Less than 6.5%	0%
	6.5%	25%
	8.9%	50%
	11.2%	75%
	13.5%	113%
	15.8%	150%
	18.0%	225%
	20.1%	300%
	22.2%	319%
	24.3% or greater	338%

*Interpolation: To the extent performance falls between two levels in the table above, linear interpolation shall apply in determining the percentage of the units that are earned.

Definitions

(a)“Annualized TSR” for the Company or the S&P Index, as applicable, means (i) (A) 1 plus the Company’s or the S&P Index’s TSR during the Performance Period raised to the power (B) 1/2, minus (ii) 1.

(b)“Beginning Price” means, as applicable, for the Company the closing market price of a Share on the Date of Grant or, for the S&P Index, the average closing price for the period of thirty (30) trading days immediately prior to the first day of the Performance Period.

(c)“Ending Price” means the average closing price of a Share or of the S&P Index for the last thirty (30) trading days during the Performance Period, with all dividends deemed reinvested as of the applicable ex-dividend date.

(d)“S&P Index” means the S&P Food & Beverage Select Industry Index, as constituted from time to time. 

(e)“TSR” means, for the Company and the S&P Index, as applicable, the Company’s’ total shareholder return or the index’s total return, expressed as a percentage, which will be calculated by dividing (i) the Ending Price by (ii) the Beginning Price and subtracting one from the quotient.  All dividends are deemed reinvested as of the applicable ex-dividend date.Exhibit 10.1
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FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
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THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (the “Amendment”) is effective as of May 16, 2022 (the “Amendment Effective Date”), by and between BKFS I SERVICES, LLC, a Delaware corporation (the “Company”), and ANTHONY M. JABBOUR (the “Employee”) and amends that certain Employment Agreement dated as of April 1, 2018 (together with this Amendment, the “Agreement”), which the Company and Employee hereby agree is in full force and effect as of the date hereof and the terms and conditions of which are incorporated herein by reference.  In consideration of the mutual covenants and agreements set forth herein, the parties agree as follows:
		1.	Section 2 of the Agreement is deleted in its entirety and replaced with the below:

“2.Employment and Duties. Subject to the terms and conditions of this Agreement, as of the Amendment Effective Date, the Company employs Employee as Executive Chairman of Black Knight, Inc. (“BK”). Employee accepts such employment and appointments and agrees to undertake and discharge the duties, functions and responsibilities commensurate with the aforesaid positions and such other duties and responsibilities as may be prescribed from time to time by the Company consistent with the aforesaid position. Employee shall be required to comply with the Company’s employee policies applicable to him and Company employees generally as from time to time enacted. During the Employment Term, Employee shall devote substantially all business time, attention and effort to the performance of duties hereunder and shall not engage in any business, profession or occupation, for compensation or otherwise without the express written consent of the Company, other than (a) services as the Chief Executive Officer and a director of Dun & Bradstreet Holdings, Inc.; (b) service on the board of directors of Paysafe Ltd.; and (c) personal, personal investment, charitable, or civic activities or other matters that do not conflict with Employee’s duties. Employee’s office location shall be in Jacksonville, Florida, but Employee will be expected to travel, at the Company’s expense, to the Company’s other locations as necessary.”
		2.	Section 4 of the Employment Agreement is deleted in its entirety and replaced with the below:

“4.During the Employment Term, the Company shall pay Employee an annual base salary, before deducting all applicable withholdings, of $600,000 per year, payable at the time and in the manner dictated by the Company’s standard payroll policies. Such minimum annual base salary may be periodically reviewed and increased (but not decreased without Employee’s express written consent except in the case of a salary decrease for all executive officers of the Company) at the discretion of the Company (such annual base salary, including any increases, the “Annual Base Salary”).”
		3.	Section 8(f) of the Agreement is hereby supplemented and amended by adding the following provisions as Sections 8(f)(iv) and 8(f)(v):

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		“(iv)
	A material diminution Employee’s duties or responsibilities upon or within the twenty-four (24) months following a Change in Control of BK (as defined in the Black Knight, Inc. Amended and Restated 2015 Omnibus Incentive Plan); provided, however, that until the first anniversary  of the Closing Date (as that term is defined in that certain Agreement and Plan of Merger, dated as of May 4, 2022, by and among Intercontinental Exchange, Inc., Sand Merger Sub Corporation and BK (the “Merger Agreement”)), a change in Employee’s duties or responsibilities as a result of the Merger (as defined in the Merger Agreement) due to BK becoming a division, subsidiary or other similar part of a larger organization and no longer being a publicly traded company, shall not constitute “Good Reason”; and provided further that from and after the first anniversary of the Closing Date, a change in Employee’s duties or responsibilities as in effect immediately prior to the Effective Time (as defined in the Merger Agreement) as a result of the Merger due to BK becoming a division, subsidiary or other similar part of a larger organization and no longer being a publicly traded company, shall constitute “Good Reason”;

		(v)
	Upon or within the twenty-four (24) months following a Change in Control of BK, Employee’s receipt of notice from the Company or BK (or, in each case, any successor entity) that the term of this Agreement will not be renewed, such that the term of this Agreement would expire prior to the two (2) year anniversary of the Effective Time.” 

		4.	The last paragraph of Section 8(f) of the Agreement beginning “Notwithstanding the foregoing...” is deleted in its entirety and replaced with the following:

“Notwithstanding the foregoing, Employee being placed on a paid leave for up to sixty (60) days pending a determination of whether there is a basis to terminate Employee for Cause shall not constitute Good Reason. Employee’s continued employment shall not constitute consent to, or a waiver of rights with respect to, any act or failure to act constituting Good Reason hereunder; provided, however, that no such event described above shall constitute Good Reason unless: (1) Employee gives Notice of Termination to the Company specifying the condition or event relied upon for such termination within ninety (90) days of the initial existence of such event, (2) the Company fails to cure the condition or event constituting Good Reason within thirty (30) days following receipt of Employee’s Notice of Termination, and (3) Employee terminates employment within ninety (90) days following the expiration of such thirty (30) day period following receipt of Employee’s Notice of Termination.”
		5.	Section 9(a)(iv) of the Agreement is deleted in its entirety and replaced with the below:

“9(a)(iv). All stock options, restricted stock and other equity-based incentive awards granted by BK or any of its subsidiaries or affiliates, including any Class B Units of Optimal Blue Holdco, LLC, that were outstanding but not vested as of the Date of Termination shall become immediately vested and/or payable, as the case may be, 

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provided, however, that any such equity awards that are vested pursuant to this provision and that constitute an arrangement within the meaning of Code Section 409A shall be paid or settled on the earlier date coinciding with or following the Date of Termination that does not result in a violation of or penalties under Section 409A.”
		6.	Section 12 of the Agreement is deleted in its entirety and replaced with the following:

“12.Non-Competition.
		(a)	During Employment Term. During the Employment Term, Employee will devote such business time, attention and energies reasonably necessary to the diligent and faithful performance of the services to the Company and its affiliates, and will not engage in any way whatsoever, directly or indirectly, in any business that is a competitor with the Company’s or its affiliates’ principal business, that is a reasonably anticipated extension of their principal business, or that is engaged in the research or development of a product that will compete with the Company’s or its affiliates’ principal business, nor solicit customers, suppliers or employees of the Company or its affiliates on behalf of, or in any other manner work for or assist any business which is a direct competitor with the Company’s or its affiliates’ principal business, except that Employee may provide services as an executive and member of the board of directors of Dun & Bradstreet Holdings, Inc. and as a member of the board of directors of Paysafe Ltd. In addition, during the Employment Term, Employee will not combine or conspire with any other employee of the Company or any other person for the purpose of organizing any competitive business activity.

		(b)	After Employment Term. The parties acknowledge that Employee will acquire substantial knowledge and information concerning the business of the Company and its affiliates as a result of employment. The parties further acknowledge that the scope of business in which the Company and its affiliates are engaged is national and very competitive and one in which few companies can successfully compete. Competition by Employee in that business after the Employment Term would severely injure the Company and its affiliates. Accordingly, for a period of one year after Employee’s employment terminates for any reason whatsoever with the Company, Employee agrees: (1) not to become an employee, consultant, advisor, principal, partner or substantial shareholder of any firm or business that competes with the Company or its affiliates in their principal products and markets, that is a reasonably anticipated extension of the Company or its affiliates in their principal products and markets, or that is engaged in the research or development of a product that will compete with the Company or its affiliates in their principal products and markets; and (2), on behalf of any such competitive firm or business, not to solicit any person or business that was at the time of such termination and remains a customer or prospective customer, a supplier or prospective supplier, or an employee of the Company or its affiliates. Working directly 

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			or indirectly for or serving as a member of the boards of directors of Dun & Bradstreet Holdings, Inc. and/or Paysafe Ltd. shall not be considered competitive to the Company or its affiliates for the purpose of this Section.”

		7.	Section 16 of the Agreement is deleted in its entirety and replaced with the following:

“16.Release. Notwithstanding any provision herein to the contrary, the Company may require that, prior to payment, distribution or other benefit under Section 9 of this Agreement (other than due to Employee's death), Employee shall have executed a complete release of the Company and its affiliates and related parties in substantially the form attached as Exhibit A hereto.”
Signature page follows.

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IN WITNESS WHEREOF the parties have executed this Amendment to be effective as of the date first set forth above.
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	BKFS I SERVICES, LLC
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By:  /s/ Joseph M. Nackashi              
Joseph M. Nackashi
Its:    President

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EMPLOYEE:
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/s/ Anthony M. Jabbour
Anthony M. Jabbour
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Exhibit A
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MUTUAL RELEASE AGREEMENT
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THIS MUTUAL RELEASE AGREEMENT (“Agreement”) is made and entered into by and between [NAME] (“Employee”), a [STATE] resident, and BKFS I SERVICES, LLC, a Delaware corporation (“Company”). In consideration of the foregoing and the mutual covenants and agreements contained in this Agreement and the “Employment Agreement” entered into by the parties and amended as of [DATE], the adequacy of which is hereby acknowledged, the parties agree as follows:
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1.Mutual Release.  Employee (on Employee’s own behalf and on behalf of Employee’s agents, assigns, heirs, executors, and administrators) hereby releases and discharges the Company, its past, current and former parent corporations (including, but not limited to, Black Knight, Inc., Black Knight Financial Services, Inc., Black Knight Financial Services, LLC, Black Knight Holdings, Inc. and Intercontinental Exchange, Inc.), and each of their affiliates, subsidiaries, employees, managers, owners, officers, directors, managers, attorneys, agents, shareholders, representatives and members, and their successors, predecessors and assigns, and all persons acting by, through, under, for, or in concert with them, or any of them, in any and all of their capacities (collectively, “Company Released Parties”) from any claim, charge, complaint, liability, demand, action, or cause of action, known or unknown, which arose at any time up to the date Employee signs this Agreement, and waives all rights relating to, arising out of, or in any way connected with Employee’s employment with or service to the Company or the ending of that employment, including, without limitation, any claim, demand, action, cause of action or right based on but not limited to: federal and state wage payment laws, Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Age Discrimination in Employment Act (ADEA), the Older Workers Benefit Protection Act (OWBPA), Executive Order 11246, the Rehabilitation Act of 1973, 42 U.S.C. §1981-1988, the Civil Rights Act of 1991, civil rights acts of any state, state and federal family and/or medical leave acts, the Consolidated Omnibus Budget Reconciliation Act of 1985, the Worker Adjustment and Retraining Notification Act of 1988 and any state or local counterpart, and any other federal, state or local laws or regulations of any kind, whether statutory, regulatory or decisional. The release contained in this Agreement also includes, but is not limited to, any claims arising under common law, statutory law, or regulation, for wrongful termination, fraud or fraud in the inducement, breach of contract, defamation, retaliation, misrepresentation, violation of public policy or invasion of privacy, intentional infliction of emotional distress, negligent infliction of emotional distress, negligent hiring, negligent retention, negligent supervision and all other claims that were raised or could have been raised as of the date Employee signs this Agreement.   
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Except as otherwise expressly provided herein, this release extends to all disputes of every nature and kind by Employee against the Company or any Company Released Party that arose before the date Employee signs this Agreement, whether known or unknown, suspected or unsuspected, past or present, and whether or not they arose out of or are attributable to the circumstances of Employee’s employment with the Company.  
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The Company (on the Company’s own behalf and on behalf of the Company’s past, current and former parents, subsidiaries and affiliates) hereby releases and discharges Employee and Employee’s agents, assigns, heirs, executors, and administrators from any claim, demand, action, or cause of action, or right based on but not limited to: any federal, state or local laws or regulations of any kind, whether statutory, regulatory or decisional. The release contained in this Agreement also includes, but is not limited to, any claims arising under common law, statutory law, or regulation, for, fraud or fraud in the inducement, breach of contract, defamation, retaliation, misrepresentation, violation of public policy or invasion of privacy, intentional infliction of emotional distress, negligent infliction of emotional distress, 

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negligent hiring, negligent retention, negligent supervision and all other claims, that were raised or could have been raised as of the date Employee signs this Agreement.
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Except as otherwise expressly provided herein, this release extends to all disputes of every nature and kind by Company against the Employee that arose before the date Employee signs this Agreement, whether known or unknown, suspected or unsuspected, past or present, and whether or not they arose out of or are attributable to the circumstances of Employee’s employment with the Company.     
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      2.Excluded Claims.  This Agreement does not release or waive any claims, and Paragraph 1 of this Agreement does not release or waive: (a) any rights to compensation or benefits provided under the Employment Agreement; (b) any benefit to which Employee is entitled under any tax qualified benefit plan of the Company or any of its affiliates, COBRA continuation coverage benefits, vested benefits under the Company’s  or its affiliates’ benefit plans or any other welfare benefits required to be provided pursuant to the terms of the applicable plan; (c) any claims that Employee could make, if available, for unemployment or workers’ compensation or for health insurance or retirement benefits; (d) any rights to indemnification that Employee may have under applicable law, the bylaws or certificate of incorporation of the Company and its affiliates, any applicable director and officer liability policy or under the Employment Agreement, or as a result of having served as an officer or director of the Company or any of its affiliates; (e) any claim that Employee may have as a holder or beneficial owner of securities of the Company and its affiliates or other rights relating to securities, equity or equity-based awards in respect of the common stock of the Company or any of its affiliates; and (f) any other claim that cannot be released by private agreement or that arises after the date Employee signs this Agreement.  Moreover, nothing in this Agreement shall be construed as barring or limiting Employee’s right to bring a legal action challenging the validity of Employee’s release of ADEA claims, nor does it release any claims under ADEA arising after the date Employee signs this Agreement.
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      3.Mutual Covenant Not to Sue.  Except as otherwise expressly provided in Paragraph 1 of this Agreement, Employee agrees that Employee will not institute any claim for damages or other relief, nor authorize any other party, governmental or otherwise, to institute any claim for damages or other individual relief on Employee’s behalf, via legal or administrative proceedings, against the Company or any Company Released Party for any claims or claims released in Paragraph 1 of this Agreement.  Employee further agrees to withdraw any charge, lawsuit or claim for damages or other relief that has or may have been filed before any local, state or federal agency or court relating in any way to the Company or a Company Released Party, except with respect to any rights or claims that are not waived pursuant to Paragraph 2.
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Except as otherwise expressly provided in Paragraph 1 of this Agreement, the Company agrees that the Company and its affiliates will not institute any claim for damages or other relief, nor authorize any other party, governmental or otherwise, to institute any claim for damages or other individual relief on the Company’s behalf, via legal or administrative proceedings, against Employee or any of Employee’s agents, assigns, heirs, executors, and administrators for any claims or claims released in Paragraph 1 of this Agreement.  The Company further agrees to withdraw any charge, lawsuit or claim for damages or other relief that has or may have been filed before any local, state or federal agency or court relating in any way to Employee or Employee’s agents, assigns, heirs, executors, and administrators.
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Nothing contained in this Agreement shall be construed to prevent Employee from filing a charge or complaint with, including a challenge to the validity of this Agreement, or participating or cooperating with any investigation conducted by, the National Labor Relations Board, the Equal Employment Opportunity Commission or any state or local antidiscrimination agency.  However, other than as prohibited by applicable law (including with respect to any legally protected whistleblower rights), Employee expressly waives the right to monetary damages or other individual legal or equitable relief in relation to any such claim against the Company or its affiliates that is validly released by this Agreement, other than as prohibited by applicable law.  Nothing in this Agreement shall be construed to prevent, limit or restrict Employee from exercising any legally protected whistleblower rights, including pursuant to Rule 21F under the Securities Exchange Act of 1934.
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4.OWBPA / ADEA Waiver.  Employee acknowledges that: (a) the Company has advised him in writing that he should consult his attorney of his choice before entering into this Agreement, and Employee has been given the opportunity to consult with an attorney of his choice before signing this Agreement; (b) this Agreement has been written in a manner calculated to be understood by Employee, and Employee should consult with his attorney if he does not understand any provisions contained in this Agreement; (c) the release and waiver in this Agreement specifically covers any claims of age discrimination; (d) this Agreement does not waive rights or claims that may arise after Employee executes it; (e) Employee has twenty-one (21) days to consider this Agreement and whether he will enter into it, although Employee may sign it sooner than that if he so desires; and (f) Employee may revoke this Agreement at any time within seven (7) days after executing it by timely delivering written notice to Melissa Circelli, the Company’s Chief Human Resources Officer (or her successor) via email to melissa.circelli@bfks.com or via courier to 601 Riverside Ave., Jacksonville, FL, 32204. 
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5.Effective Date.  This Agreement shall not become effective or enforceable until after the seven (7)-day revocation period has expired. The “Effective Date” of this Agreement shall be the eighth day after Employee has executed and returned this Agreement to the Company, provided Employee does not timely revoke this Agreement pursuant to Paragraph 4.
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6.Governing Law.  This Agreement shall be interpreted, construed, and governed by the laws of the State of Florida, regardless of its place of execution or performance and without regard to principles of conflict of laws.  The parties agree that the sole and exclusive venue for any legal action arising under this Agreement shall be a state or federal court located in Duval County, Florida.  The parties to this Agreement hereby voluntarily consent to personal jurisdiction in the state and federal courts located in Duval County, Florida in any legal action or lawsuit arising under this Agreement. 
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7.Continuing Obligations. Employee acknowledges and agrees that the post-termination restrictive covenants in relation to confidentiality, non-competition and non-solicitation as stated in Section 12 of the Employment Agreement remain valid, enforceable and in effect. 
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8.Amendments.  This Agreement may not be amended, modified or changed in any way except by written document executed by each of the parties to this Agreement.
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PLEASE READ THIS AGREEMENT CAREFULLY, IT INCLUDES A RELEASE OF KNOWN AND UNKNOWN CLAIMS. 
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IN WITNESS WHEREOF the parties have executed this Agreement to be effective as of the Effective Date:
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	BKFS I SERVICES, LLC
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By:  __________________________
Its:
Date:   
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	EMPLOYEE
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______________________________
Date:
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