Document:

Exhibit

Exhibit 10.8
SEVENTH AMENDMENT 
TO 
AMENDED AND RESTATED DEALER MANAGER AGREEMENT
 This SEVENTH AMENDMENT TO THE AMENDED AND RESTATED DEALER MANAGER AGREEMENT (this “Seventh Amendment”), effective as of November 8, 2017 (the “Effective Date”), is entered into by and among CARTER VALIDUS MISSION CRITICAL REIT II, INC., a Maryland corporation (the “Company”), CARTER VALIDUS ADVISORS II, LLC, a Delaware limited liability company (the “Advisor”) and SC DISTRIBUTORS, LLC, a Delaware limited liability company (the “Dealer Manager”). Capitalized terms used herein without definition shall have the meanings ascribed to such terms in the Dealer Manager Agreement (defined below).
WHEREAS, the Dealer Manager serves as a dealer manager to the Company’s initial public offering (the “Initial Offering”) of up to $2,250,000,000 shares of common stock, $0.01 par value (the “Common Stock”) to be sold and distributed on a best-efforts basis by the Dealer Manager pursuant to a registration statement on Form S-11 (File No. 333-191706) (the “Existing Registration Statement”) filed with the Securities and Exchange Commission (the “SEC”) on August 7, 2013, as supplemented and amended from time to time; 
WHEREAS, the Company, the Advisor and the Dealer Manager are parties to that certain Amended and Restated Dealer Manager Agreement, dated June 10, 2014, as amended from time to time (the “Dealer Manager Agreement”); 
WHEREAS, on May 1, 2017, the Company filed a registration statement on Form S-11 (File No. 333-217579) with the SEC (as supplemented and amended from time to time, the “Follow-On Registration Statement”) in connection with its follow-on public offering (the “Follow-On Offering”) of $1,000,000,000 in shares of common stock previously registered for sale pursuant to the Existing Registration Statement (the “Follow-On Shares”);
WHEREAS, on October 13, 2017, the Company filed a Registration Statement on Form S-3 (File No. 333-220940) with the SEC (as supplemented and amended from time to time, the “DRP Registration Statement”) in connection with its public offering of $100,000,000 in DRP Shares (the “DRP Offering”);
WHEREAS, the Company desires that the Dealer Manager be engaged to sell and distribute the Follow-On Shares in the Follow-On Offering and DRP Shares in the DRP Offering pursuant to the terms of the Dealer Manager Agreement; and
WHEREAS, the Company, the Advisor and the Dealer Manager desire to further amend the Dealer Manager Agreement to incorporate the terms of the Follow-On Offering, Follow-On Registration Statement, DRP Offering, and the DRP Registration Statement into the Dealer Manager Agreement.

NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
		
	1.
	Amendment to the Preamble.

The first paragraph of the Preamble of the Dealer Manager Agreement is hereby amended and restated in its entirety as follows:
Ladies and Gentlemen: 
Carter Validus Mission Critical REIT II, Inc. (the “Company”) is a Maryland corporation that elected to be taxed as a real estate investment trust (a “REIT”) for federal income tax purposes beginning with its taxable year ended December 31, 2014. The Company is offering (a) up to $2,250,000,000 in shares of Class A common stock (“Class A Shares”), shares of Class T common stock (“Class T Shares”), and shares of Class I common stock (“Class I Shares”) $0.01 par value per share (collectively, the “Primary Shares”), at an offering price of $10.200 per Class A Share, $9.766 per Class T Share, and $9.273 per Class I Share, or at such offering price per Class A Share, per Class T Share, and per Class I Share otherwise disclosed in the Prospectus (as defined in Section 1(a)) (subject to certain circumstances to discounts based upon the volume of shares purchased and for certain categories of purchasers), in the primary offering (the “Primary Offering”), and (b) up to $100,000,000 in Shares at an offering price of $9.18 per Class A Share, $9.18 per Class T Share, and $9.18 per Class I Share (the “Initial DRP Shares” and together with the Primary Shares, the “Initial Shares”), or at such offering price per Class A Share, per Class T Share, and per Class I Share as otherwise disclosed in the Prospectus, for issuance through the Company’s distribution reinvestment plan (the “DRP” and together with the Primary Offering, the “Initial Offering”). The Company plans to offer up to $1,000,000,000 in unsold Primary Shares, previously registered for sale pursuant to the Initial Offering (the “Follow-On Shares”), in a follow-on offering (“Follow-On Offering”) at terms disclosed in a Follow-On Registration Statement (as defined below), all upon the terms and subject to the conditions set forth in the Prospectus. The Company plans to offer shares pursuant to the Company’s distribution reinvestment plan (“DRP Shares” and together with the Follow-On Shares, the “Shares”) in an offering of DRP Shares (the “DRP Offering,” and together with the Primary Offering and the Follow-On Offering, the “Offering”), at terms disclosed in a DRP Registration Statement (as defined below), all upon the terms and subject to the conditions set forth in the Prospectus. 
The Company will provide an estimated per share net asset value (“NAV”) of its common stock at least annually, at which time the Company’s board of directors may update the per share offering prices of Shares to reflect such updated estimated per share NAV amounts. The Company reserves the right to (i) reallocate the Shares among the Class A Shares, Class T Shares, and Class I Shares and (ii) reallocate the Shares between the Primary Shares and the DRP Shares. The Company also reserves the right to discontinue offering any class of Shares at any time during the Offering, which shall be disclosed in the Prospectus.
		
	2.
	Amendment to Section 1(a).

Section 1(a) of the Dealer Manager Agreement is hereby amended and restated in its entirety as follows:
(a) REGISTRATION STATEMENT AND PROSPECTUS. The Company has prepared and filed with the Securities and Exchange Commission (the “Commission”) a registration statement (File No. 333-191706) on Form S-11 for the registration of the Initial Shares under the Securities Act of 1933, as amended (the “Securities Act”), and the rules and regulations of the Commission promulgated thereunder (the “Securities Act Rules and Regulations”); a registration statement (File No. 333-217579) on Form S-11 for the registration of the Follow-On Shares (“Follow-On Registration Statement”); and a registration statement (File No. 333-220940) on Form S-3 for the registration of the DRP Shares (“DRP Registration Statement”); one or more amendments to such registration statements have been or may be so prepared and filed. The registration statements on Form S-11 and on Form S-3 and the prospectuses contained therein, as finally amended at the date each respective registration statement is declared effective by the Commission (the “Effective Date”) are respectively hereinafter referred to as the “Registration Statement” and the “Prospectus”, except that (i) if the Company files a post-effective amendment to such registration statements, then the term “Registration Statement” shall, from and after the declaration of the effectiveness of such post-effective amendment by the Commission, refer to such registration statement as amended by such post-effective amendment, and the term “Prospectus” shall refer to the amended prospectus then on file with the Commission, and (ii) if the prospectus filed by the Company pursuant to either Rule 424(b) or 424(c) of the Securities Act Rules and Regulations shall differ from the prospectus on file at the time the Registration Statement or the most recent post-effective amendment thereto, if any, shall have become effective, then the term “Prospectus” shall refer to such prospectus filed pursuant to either Rule 424(b) or 424(c), as the case may be, from and after the date on which it shall have been filed. As used herein, the terms “Registration Statement”, “preliminary Prospectus” and “Prospectus” shall include the documents, if any, incorporated by reference therein. As used herein, the term “Effective Date” also shall refer to the effective date of each post-effective amendment to the Registration Statement, unless the context otherwise requires. 
		
	3.
	Amendment to Section 4(b).

Section 4(b) of the Dealer Manager Agreement is hereby amended and restated in its entirety as follows:
(b)    DISTRIBUTION AND SERVICING FEE.

(i) Amount.

Upon the terms set forth in the Prospectus and subject to the limitations set forth below, with respect to Class T Shares purchased in the Primary Offering of the Initial Offering and in the Follow-On Offering only, the Company will pay to the Dealer Manager a distribution and servicing fee that accrues daily equal to 1/365th of up to 1.0% of the most recent offering price per Class T Share on a continuous basis from year to year (the “Distribution and Servicing Fee”), for providing the 

services described in Exhibit A attached hereto; provided, however, that upon the termination of the Primary Offering of the Initial Offering, the Distribution and Servicing Fee shall be an amount that accrues daily equal to 1/365th of up to 1.0% of the most recent estimated NAV per Class T Share on a continuous basis from year to year.

(ii) Payment.

The Company will pay the Distribution and Servicing Fee to the Dealer Manager on a monthly basis in arrears. The Dealer Manager will reallow all of the Distribution and Servicing Fee to Participating Broker-Dealers as marketing fees or to defray other distribution-related expenses; provided, however, that, beginning June 1, 2017, a Participating Broker-Dealer may provide written notice (the “Waiver”) to the Dealer Manager that it will waive all or a portion of the reallowance of the Distribution and Servicing Fee (the “Waived Amount”), and such Waiver shall be binding and irrevocable as to Participating Broker-Dealer, and shall only apply to Class T Shares sold through Participating Broker-Dealer on or after the Effective Waiver Date (as defined herein). The Waiver will become effective within three (3) business days of receipt by the Dealer Manager of such Waiver (the “Effective Waiver Date”). The Dealer Manager shall forward the Waiver to the Company within ten (10) business days of the Dealer Manager’s receipt of such Waiver.

(iii) Termination of Distribution and Servicing Fee.

The Company will cease paying the Distribution and Servicing Fee to the Dealer Manager upon the earliest to occur of the following: (i) a listing of the Class T Shares on a national securities exchange; (ii) following the completion of the Initial Offering or the Follow-On Offering, as applicable, the date on which total underwriting compensation in such offering equals (a) 10% of the gross proceeds from such offering less (b) all Waived Amounts; (iii) there are no longer any Class T Shares outstanding; (iv) December 31, 2021, which is the fourth anniversary of the last day of the fiscal quarter in which the Primary Offering of the Initial Offering terminates; (v) with respect to a Class T Share sold in the Primary Offering of the Initial Offering or the Follow-On Offering, as the case may be, the date on which a Participating Broker-Dealer receives (a) total underwriting compensation equal to 10% of the gross proceeds from such Class T Share less (b) the Waived Amount; or (vi) with respect to a Class T Share sold in the Primary Offering, the date on which the holder of such Class T share or its agent notifies the Company or its agent that he or she is represented by a new Participating Broker-Dealer; provided that the Company will continue paying the Distribution and Servicing Fee to the Dealer Manager, which shall reallow the Distribution and Servicing Fee the Participating Dealer if the new Participating Dealer enters into a Participating Broker-Dealer Agreement with the Dealer Manager or otherwise agrees to provide the services set forth in Exhibit A to this Agreement. The Company will not pay to the Dealer Manager any 

Distribution and Servicing Fees in connection with the purchase of any Class A Shares, Class I Shares or the purchase of any Class T Shares pursuant to the DRP.
		
	4.
	Governing Law.

The provisions of this Seventh Amendment shall be construed and interpreted in accordance with the laws of the State of Florida, and venue for any action brought with respect to any claims arising out of this Seventh Amendment shall be brought exclusively in Hillsborough County, Tampa.    
		
	5.
	Counterparts.

This Seventh Amendment may be executed in any number of counterparts, each of which shall be an original, but all of which shall constitute one instrument.
Except as expressly set forth herein, the Dealer Manager Agreement remains unmodified and unchanged and the parties hereto ratify and confirm the Dealer Manager Agreement as amended hereby.
[Signature Pages Follow]

IN WITNESS WHEREOF, the parties hereto have executed this Seventh Amendment effective as of the Effective Date.
	
		
	 

	 
	 

	 
	CARTER VALIDUS MISSION CRITICAL
REIT II, INC.
 
 
By: /s/ John E. Carter 
John E. Carter
Chief Executive Officer
 
 
CARTER VALIDUS ADVISORS II, LLC
 
 
By: /s/ Lisa A. Drummond
Lisa A. Drummond
Chief Operating Officer and Secretary
 
 
SC DISTRIBUTORS, LLC
 
 
By: /s/ Patrick Miller 
Patrick Miller
President

	 
	 

[Signature Page to Seventh Amendment to the Amended and Restated Dealer Manager Agreement]Exhibit 10.16

 

RESTRICTED STOCK
UNIT AGREEMENT

PURSUANT TO THE

CISION LTD. 2017
OMNIBUS INCENTIVE PLAN

 

*   *   *   *   *

 

Participant:                                                        

 

Grant Date:                                                        

 

Number of Restricted Stock Units Granted:                            

 

*   *   *   *   *

 

THIS RESTRICTED
STOCK UNIT AWARD AGREEMENT (this “Agreement”), dated as of the Grant Date specified above, is entered into
by and between Cision Ltd., an exempted company incorporated in the Cayman Islands with limited liability (the “Company”),
and the Participant specified above, pursuant to the Cision Ltd. 2017 Omnibus Incentive Plan, as in effect and as amended from
time to time (the “Plan”), which is administered by the Committee; and

 

WHEREAS, it
has been determined under the Plan that it would be in the best interests of the Company to grant the Restricted Stock Units (“RSUs”)
provided herein to the Participant.

 

NOW, THEREFORE,
in consideration of the mutual covenants and promises hereinafter set forth and for other good and valuable consideration,
the parties hereto hereby mutually covenant and agree as follows:

 

1.       Incorporation
by Reference; Plan Document Receipt. This Agreement is subject in all respects to the terms and provisions of the Plan
(including, without limitation, any amendments thereto adopted at any time and from time to time unless such amendments are expressly
intended not to apply to the Award provided hereunder), all of which terms and provisions are made a part of and incorporated
in this Agreement as if they were each expressly set forth herein. Except as provided otherwise herein, any capitalized term not
defined in this Agreement shall have the same meaning as is ascribed thereto in the Plan. The Participant hereby acknowledges
receipt of a true copy of the Plan and that the Participant has read the Plan carefully and fully understands its content. In
the event of any conflict between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall control.

 

2.       Grant
of Restricted Stock Unit Award. The Company hereby grants to the Participant, as of the Grant Date specified above, the
number of RSUs specified above. Except as otherwise provided by the Plan, the Participant agrees and understands that nothing
contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future
dilution of the Participant’s interest in the Company for any reason, and no adjustments shall be made for dividends in
cash or other property, distributions or other rights in respect of the shares of Common Stock underlying the RSUs, except as
otherwise specifically provided for in the Plan or this Agreement.

 

    	 	1	 

     

    

 

3.       Vesting.

 

(a)       Subject
to the terms of the Plan and the provisions of Section 3(b) and Section 3(c) hereof, the RSUs subject to this Award
shall become vested as follows, provided that the Participant has not incurred a Termination prior to each such vesting date:

 

	Vesting Date	Percentage of RSUs
	[_]

         

        [_]

         

        [_]

         
	[_]%

         

        [_]%

         

        [_]%

         

	[_]	[_]%

There shall be no proportionate
or partial vesting in the periods prior to each vesting date and all vesting shall occur only on the appropriate vesting date,
subject to the Participant’s continued service with the Company or any of its Subsidiaries on each applicable vesting date.

 

(b)       Committee
Discretion to Accelerate Vesting. The Committee may, in its sole discretion, accelerate vesting of the RSUs at any time and
for any reason.

 

(c)       Forfeiture.
Subject to the terms of this Section 3, all unvested RSUs shall be immediately forfeited upon the Participant’s Termination
for any reason.

 

4.       Delivery
of Shares.

 

(a)       General.
Subject to the provisions of Section 4(b) hereof, within thirty (30) days following the vesting of the RSUs, the Participant
shall receive the number of shares of Common Stock that correspond to the number of RSUs that have become vested on the applicable
vesting date, less any shares withheld by the Company pursuant to Section 8 hereof.

 

(b)       Blackout
Periods. If the Participant is subject to any Company “blackout” policy or other trading restriction imposed by
the Company on the date such distribution would otherwise be made pursuant to Section 4(a) hereof, such distribution shall
be instead made on the earlier of (i) the date that the Participant is not subject to any such policy or restriction and (ii)
the later of (A) the end of the calendar year in which such distribution would otherwise have been made and (B) a date that is
immediately prior to the expiration of two and one-half months following the date such distribution would otherwise have been
made hereunder.

 

5.       Dividends;
Rights as Stockholder. Cash dividends on the number of shares of Common Stock issuable hereunder shall be credited to a dividend
book entry account on behalf of the Participant with respect to each RSU granted to the Participant, provided that such
cash dividends shall not be deemed to be reinvested in shares of Common Stock and shall be held uninvested and without interest
and paid in cash at the same time that the shares of Common Stock underlying the RSUs are delivered to the Participant in accordance
with the provisions hereof. Stock dividends on shares of Common Stock shall be credited to a dividend book entry account on behalf
of the Participant with respect to each RSU granted to the Participant, provided that such stock dividends shall be paid
in shares of Common Stock at the same time that the shares of Common Stock underlying the RSUs are delivered to the Participant
in accordance with the provisions hereof. Except as otherwise provided herein, the Participant shall have no rights as a stockholder
with respect to any shares of Common Stock covered by any RSU unless and until the Participant has become the holder of record
of such shares.

 

    	 	2	 

     

    

 

6.       Non-Transferability;
Lock-Up. No portion of the RSUs may be sold, assigned, transferred, encumbered, hypothecated or pledged by the Participant,
other than to the Company as a result of forfeiture of the RSUs as provided herein. Pursuant to Section 14.19 of the Plan, if
requested by the Company or the Lead Underwriter, the Participant hereby agrees not to sell, contract to sell, grant any option
to purchase, transfer the economic risk of ownership in, make any short sale of, pledge or otherwise transfer or dispose of, any
interest in any Common Stock or any securities convertible into, derivative of, or exchangeable or exercisable for, or any other
rights to purchase or acquire Common Stock (except Common Stock included in such public offering or acquired on the public market
after such offering) during the Lock-Up Period. The Participant further agrees to sign such documents as may be requested by the
Lead Underwriter to effect the foregoing and agrees that the Company may impose stop-transfer instructions with respect to Common
Stock acquired pursuant to any of the Participant’s Awards until the end of such Lock-Up Period. The restrictions set forth
in this Section 6 may be noted in the stock ledger of the Company.

 

7.       Governing
Law. All questions concerning the construction, validity and interpretation of
this Agreement shall be governed by, and construed in accordance with, the laws of
the State of Delaware, without regard to the choice of law principles thereof.

 

8.       Withholding
of Tax. The Participant agrees and acknowledges that the Company and/or its Subsidiaries shall have the power and the
right to deduct or withhold, or require the Participant to remit to the Company and/or its Subsidiaries, an amount sufficient
to satisfy any federal, state, local and foreign taxes of any kind (including, but not limited to, the Participant’s FICA
and SDI obligations) which the Company, in its sole discretion, deems necessary to be withheld or remitted to comply with the
Code and/or any other applicable law, rule or regulation with respect to the RSUs, and if the withholding requirement cannot be
satisfied, the Company may otherwise refuse to issue or transfer any shares of Common Stock otherwise required to be issued pursuant
to this Agreement. Without limiting the foregoing, the Company shall withhold shares of Common Stock otherwise deliverable to
the Participant hereunder in order to pay the Participant’s income and employment taxes due upon vesting of the RSUs, but
only to the extent permitted by applicable accounting rules so as not to affect accounting treatment.

 

9.       Legend.
The Company may at any time place legends referencing any applicable federal, state or foreign securities law restrictions on
all certificates, if any, representing shares of Common Stock issued pursuant to this Agreement. The Participant shall, at the
request of the Company, promptly present to the Company any and all certificates, if any, representing shares of Common Stock
acquired pursuant to this Agreement in the possession of the Participant in order to carry out the provisions of this Section
9.

 

    	 	3	 

     

    

 

10.       Securities
Representations. This Agreement is being entered into by the Company in reliance upon the following express representations
and warranties of the Participant. The Participant hereby acknowledges, represents and warrants that:

 

(a)       The
Participant has been advised that the Participant may be an “affiliate” within the meaning of Rule 144 under the Securities
Act and in this connection the Company is relying in part on the Participant’s representations set forth in this Section
10.

 

(b)       If
the Participant is deemed an affiliate within the meaning of Rule 144 of the Securities Act, the shares of Common Stock issuable
hereunder must be held indefinitely unless an exemption from any applicable resale restrictions is available or the Company files
an additional registration statement (or a “re-offer prospectus”) with regard to such shares of Common Stock and the
Company is under no obligation to register such shares of Common Stock (or to file a “re-offer prospectus”).

 

(c)       If
the Participant is deemed an affiliate within the meaning of Rule 144 of the Securities Act, the Participant understands that
(i) the exemption from registration under Rule 144 will not be available unless (A) a public trading market then exists for the
Common Stock of the Company, (B) adequate information concerning the Company is then available to the public, and (C) other terms
and conditions of Rule 144 or any exemption therefrom are complied with, and (ii) any sale of the shares of Common Stock issuable
hereunder may be made only in limited amounts in accordance with the terms and conditions of Rule 144 or any exemption therefrom.

 

11.       Entire
Agreement; Amendment. This Agreement (including the Restrictive Covenant Agreement), together with the Plan, contains
the entire agreement and understanding between the parties hereto with respect to the subject matter contained herein, and supersedes
and preempts any prior understandings, agreements or representations by or among the parties, written or oral, which may have
related to the subject matter hereof in any way, provided, that any other confidentiality, non-competition, non-solicitation,
inventions, or work product obligations of the parties or their respective Affiliates shall not be so superseded or preempted,
and provided further that the provisions of this Agreement are in addition to and not lieu of any such other provisions.
No modification, amendment or waiver of any provision of this Agreement shall be effective against the Company or Employee unless
such modification, amendment or waiver is approved in writing by the Company and Employee; provided that the Company may modify,
amend or waive any provision of this Agreement without the consent of Employee unless such amendment, modification or waiver would
adversely affect the rights of Employee hereunder.

 

12.       Notices.
Any notice hereunder by the Participant shall be given to the Company in writing and such notice shall be deemed duly given only
upon receipt thereof by the General Counsel of the Company. Any notice hereunder by the Company shall be given to the Participant
in writing and such notice shall be deemed duly given only upon receipt thereof at such address as the Participant may have on
file with the Company.

 

13.       No
Right to Employment. Any questions as to whether and when there has been a Termination and the cause of such Termination
shall be determined in the sole discretion of the Committee. Nothing in this Agreement shall interfere with or limit in any way
the right of the Company, its Subsidiaries or its Affiliates to terminate the Participant’s employment or service at any
time, for any reason and with or without Cause.

 

    	 	4	 

     

    

 

14.       Transfer
of Personal Data. The Participant authorizes, agrees and unambiguously consents to the transmission by the Company (or
any Subsidiary) of any personal data information related to the RSUs awarded under this Agreement for legitimate business purposes
(including, without limitation, the administration of the Plan). This authorization and consent is freely given by the Participant.

 

15.       Compliance
with Laws. The grant of RSUs and the issuance of shares of Common Stock hereunder shall be subject to, and shall comply
with, any applicable requirements of any foreign and U.S. federal and state securities laws, rules and regulations (including,
without limitation, the provisions of the Securities Act, the Exchange Act and in each case any respective rules and regulations
promulgated thereunder) and any other law, rule regulation or exchange requirement applicable thereto. The Company shall not be
obligated to issue the RSUs or any shares of Common Stock pursuant to this Agreement if any such issuance would violate any such
requirements. As a condition to the settlement of the RSUs, the Company may require the Participant to satisfy any qualifications
that may be necessary or appropriate to evidence compliance with any applicable law or regulation.

 

16.       Binding
Agreement; Assignment. This Agreement shall inure to the benefit of, be binding upon, and be enforceable by the Company
and its successors and assigns. The Participant shall not assign any part of this Agreement without the prior express written
consent of the Company.

 

17.       Headings.
The titles and headings of the various sections of this Agreement have been inserted for convenience of reference only and shall
not be deemed to be a part of this Agreement.

 

18.       Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which
shall constitute one and the same instrument.

 

19.       Further
Assurances. Each party hereto shall do and perform (or shall cause to be done and performed) all such further acts and
shall execute and deliver all such other agreements, certificates, instruments and documents as either party hereto reasonably
may request in order to carry out the intent and accomplish the purposes of this Agreement and the Plan and the consummation of
the transactions contemplated thereunder.

 

20.       Severability.
The invalidity or unenforceability of any provisions of this Agreement in any jurisdiction shall not affect the validity, legality
or enforceability of the remainder of this Agreement in such jurisdiction or the validity, legality or enforceability of any provision
of this Agreement in any other jurisdiction, it being intended that all rights and obligations of the parties hereunder shall
be enforceable to the fullest extent permitted by law.

 

    	 	5	 

     

    

 

21.       Acquired
Rights. The Participant acknowledges and agrees that: (a) the Company may terminate or amend the Plan at any time; (b)
the award of RSUs made under this Agreement is completely independent of any other award or grant and is made at the sole discretion
of the Company; (c) no past grants or awards (including, without limitation, the RSUs awarded hereunder) give the Participant
any right to any grants or awards in the future whatsoever; and (d) any benefits granted under this Agreement are not part of
the Participant’s ordinary salary, and shall not be considered as part of such salary in the event of severance, redundancy
or resignation.

 

22.       Restrictive
Covenants. In further consideration of the Award granted to Participant hereunder, Participant acknowledges and agrees
to be bound by the terms of certain restrictive covenants as set forth in Exhibit A attached hereto (the "Restrictive
Covenant Agreement").

 

 

 

[Remainder of Page Intentionally
Left Blank]

 

 

    	 	6	 

     

    

 

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

 

	 	CISION LTD. 
	 	 
	 	 
	 	By:	                	 
	 	 
	 	Name: 
	 	Title: 
	 	 
	 	 
	 	 
	 	PARTICIPANT
	 	 
	 	 
	 	 
	 	 	 	 
	 	 
	 	Name:	 	 

 

 

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