Document:

Exhibit 10.16

 

CAMELOT HOLDINGS (JERSEY) LIMITED

2016
Equity Incentive Plan

 

OPTION AGREEMENT

 

GRANT NOTICE

 

Unless otherwise defined herein, the terms
defined in the Camelot Holdings (Jersey) Limited 2016 Equity Incentive Plan (the “Plan”) shall have the same
defined meanings in this Option Agreement, which includes the terms in this Grant Notice (the “Grant Notice”)
and Appendix A attached hereto (collectively, the “Agreement”).

 

You have been granted an option to purchase
Shares (the “Option”), subject to the terms and conditions of the Plan and this Agreement, as follows:

 

	Name of Optionee:	 
	 	 
	Total Number of Shares Subject to the Option: 	 
	 	 
	Exercise Price per Share:	The Exercise Price per Share shall be as set forth below:
	 	 
	 	_____ Shares subject to the Option will have a per Share exercise price equal to _____ per Share (the “First Tranche”)
	 	 
	 	_____ Shares subject to the Option will have a per Share exercise price equal to _____ per Share (the “Second Tranche”)
	 	 
	 	_____ Shares subject to the Option will have a per Share exercise price equal to _____ per Share (the “Third Tranche”)
	 	 
	 	_____ Shares subject to the Option will have a per Share exercise price equal to _____ per Share (the “Fourth Tranche”)
	 	 
	Grant Date:	 
	 	 
	Type of Option:	Non-Qualified Option
	 	 
	Final Expiration Date:	 

 

	Vesting Schedule:	The Option will vest and become exercisable in accordance with the vesting schedule set forth in Appendix A.

 

[signature page to
follow]

 

     

     

    

 

Your signature below
indicates your agreement and understanding that the Option is subject to all of the terms and conditions contained in the Agreement
(including this Grant Notice and Appendix A to the Agreement) and the Plan.

 

	CAMELOT HOLDINGS (JERSEY) LIMITED	 	OPTIONEE
	 	 	 
	By	 	 	 
	 	Name:	 	 
	 	Title:	 	 

 

     

     

    

 

aPPENDIX
A TO OPTION AGREEMENT

 

ARTICLE
I.

 

GRANT OF OPTION

 

Section 1.1           
Grant of Option. The Company has granted to the Optionee the Option, upon the terms and conditions set forth in
the Plan and this Agreement (including the Grant Notice and this Appendix A).

 

Section 1.2            
Option Subject to Plan. The Option is subject to the terms and provisions of the Plan, which are incorporated herein
by reference.

 

Section 1.3            
Exercise Price. The Exercise Price of a Share covered by the Option shall be the Exercise Price per Share as set
forth in the Grant Notice.

 

ARTICLE
II.

 

Vesting schedule; EXERCISABILITY

 

Section 2.1            
Vesting and Exercisability of Options.

 

(a)          
Vesting. Except as provided below, the Options shall become vested and exercisable, so long as the Optionee remains
continuously a Service Provider from the date hereof through each applicable date set forth below, as follows:

 

(i)                
20% of each of the First Tranche, the Second Tranche, the Third Tranche and the Fourth Tranche shall become vested and exercisable
on the First Vesting Date;

 

(ii)              
20% of each of the First Tranche, the Second Tranche, the Third Tranche and the Fourth Tranche shall become vested and exercisable
on the first anniversary of the First Vesting Date;

 

(iii)            
20% of each of the First Tranche, the Second Tranche, the Third Tranche and the Fourth Tranche shall become vested and exercisable
on the second anniversary of the First Vesting Date;

 

(iv)             
20% of each of the First Tranche, the Second Tranche, the Third Tranche and the Fourth Tranche shall become vested and exercisable
on the third anniversary of the First Vesting Date; and

 

(v)               
20% of each of the First Tranche, the Second Tranche, the Third Tranche and the Fourth Tranche shall become vested and exercisable
on the fourth anniversary of the First Vesting Date.

 

(b)               
Liquidity Event Vesting. Any unvested portion of the Option will vest immediately prior to the occurrence of a Liquidity
Event, provided that the Optionee remains continuously in service as a Service Provider through the date of such Liquidity Event.

 

Section 2.2              
No Vesting of Options; Forfeiture. Notwithstanding any other provision to the contrary in this Agreement, unless
otherwise determined by the Administrator, any portion of the Option that has not become vested on or prior to the date of the
Optionee’s Termination of Service shall be terminated without consideration on the date of the Optionee’s Termination
of Service and shall not thereafter become vested or exercisable.

 

    A-1

     

    

 

Section 2.3           
Exercisability of the Option. The Optionee shall not have the right to exercise the Option until the date the applicable
portion of the Option becomes vested. The date that the applicable portion of the Option becomes vested is referred to herein
as the “Exercise Commencement Date.” Subject to Section 8 of the Plan, following the Exercise Commencement
Date, the applicable portion of the Option shall be and shall remain exercisable until it becomes unexercisable. Once the Option
becomes unexercisable, it shall be immediately terminated without consideration.

 

Section 2.4            
Expiration of Option. The Option may not be exercised to any extent by anyone after the first to occur of the following
events:

 

(a)          
The Final Expiration Date;

 

(b)          
Except for such longer period of time as the Administrator may otherwise approve, 90 days following the Optionee’s
Termination of Service for any reason other than Optionee’s death, Disability or termination for Cause;

 

(c)          
Except as the Administrator may otherwise approve, the Optionee’s Termination of Service for Cause; or

 

(d)          
Except for such longer period of time as the Administrator may otherwise approve, twelve (12) months following the Optionee’s
Termination of Service by reason of the Optionee’s death or Disability.

 

Section 2.5           
Partial Exercise. Any exercisable portion of the Option or the entire Option, if then wholly exercisable, may be
exercised in whole or in part at any time prior to the time when the Option or portion thereof becomes unexercisable.

 

Section 2.6            
Exercise of Option. The exercise of the Option shall be governed by the terms of this Agreement and the terms of
the Plan.

 

Section 2.7          
Manner of Exercise. Unless determined otherwise by the Administrator, as a condition to the exercise of the Option,
the Optionee shall (i) notify the Company at least 30 days prior to exercise and no earlier than 90 days prior to exercise that
the Optionee intends to exercise and (ii) concurrently with the exercise of the Option, execute the Shareholders Agreement, unless
the Optionee has already executed the Shareholders Agreement. Clause (i) of the foregoing sentence shall not apply if the Shares
underlying the Option are registered on Form S-8.

 

ARTICLE
III.

 

OTHER PROVISIONS

 

Section 3.1           
Optionee Representation; Not a Contract of Service. The Optionee hereby represents that the Optionee’s execution
of this Agreement and participation in the Plan is voluntary and that the Optionee has in no way been induced to enter into this
Agreement in exchange for or as a requirement of the expectation of service with the Company or any of its parents and subsidiaries.
Nothing in this Agreement or in the Plan shall confer upon the Optionee any right to continue as a Service Provider or shall interfere
with or restrict in any way the rights of the Company or its parents and subsidiaries, which are hereby expressly reserved, to
discharge the Optionee at any time for any reason whatsoever, with or without Cause except pursuant to an employment or consulting
agreement executed by and between the Company and the Optionee and approved by the Board.

 

    A-2

     

    

 

Section 3.2            
Prohibited Activities. In consideration of and as a condition to the grant of the Option, the Optionee agrees
to the following covenants:

 

(a)           
Nondisclosure of Proprietary Information.

 

(i)                
Except in connection with the faithful performance of Optionee’s duties as a Service Provider or pursuant to Section
3.2(a)(iii) or Section 3.2(a)(iv), Optionee shall, in perpetuity, maintain in confidence and shall not directly, indirectly
or otherwise, use, disseminate, disclose or publish, or use for Optionee’s benefit or the benefit of any person, firm, corporation
or other entity (other than the Company) any confidential or proprietary information or trade secrets of or relating to the Company
(including, without limitation, business plans, business strategies and methods, acquisition targets, intellectual property in
the form of patents, trademarks and copyrights and applications therefor, ideas, inventions, works, discoveries, improvements,
information, documents, formulae, practices, processes, methods, developments, source code, modifications, technology, techniques,
data, programs, other know-how or materials, owned, developed or possessed by the Company, whether in tangible or intangible form,
information with respect to the Company’s operations, processes, products, inventions, business practices, finances, principals,
vendors, suppliers, customers, potential customers, marketing methods, costs, prices, contractual relationships, regulatory status,
prospects and compensation paid to employees or other terms of employment) (collectively, the “Confidential Information”),
or deliver to any person, firm, corporation or other entity any document, record, notebook, computer program or similar repository
of or containing any such Confidential Information. The Optionee and the Company hereby stipulate and agree that, as between them,
any item of Confidential Information is important, material and confidential and affects the successful conduct of the businesses
of the Company (and any successor or assignee of the Company). Notwithstanding the foregoing, Confidential Information shall not
include any information that (i) has been published or is in the future published in a form generally available to the public,
(ii) is or becomes publicly available or (iii) has become or becomes public knowledge prior to the date Optionee proposes to disclose
or use such information, provided, that such publishing or public availability or knowledge of the Confidential Information shall
not have resulted from Optionee directly or indirectly breaching Optionee’s obligations under this Section 3.2(a)
or any other similar provision by which Optionee is bound. For the purposes of the previous sentence, Confidential Information
will not be deemed to have been published or otherwise disclosed merely because individual portions of the information have been
separately published, but only if material features comprising such information have been published or become publicly available.

 

(ii)              
Upon the Optionee’s Termination of Service for any reason, Optionee will promptly deliver to the Company all correspondence,
drawings, manuals, letters, notes, notebooks, reports, programs, plans, proposals, financial documents, or any other documents
or property concerning the Company’s customers, business plans, marketing strategies, products, property or processes.

 

(iii)            
Optionee may respond to a lawful and valid subpoena or other legal process but shall (i) give the Company the earliest possible
notice thereof, (ii) as much in advance of the return date as possible, make available to the Company and its counsel the documents
and other information sought and (iii) assist such counsel at Company’s expense in resisting or otherwise responding to such
process, in each case to the extent permitted by applicable laws or rules.

 

    A-3

     

    

 

(iv)             
Nothing in this Agreement shall prohibit Optionee from (i) disclosing information and documents when required by law, subpoena
or court order (subject to the requirements of Section 3.2(a)(iii) above), (ii) disclosing information and documents to
Optionee’s attorney, financial or tax adviser for the purpose of securing legal, financial or tax advice, (iii) disclosing
Optionee’s post-service restrictions in this Agreement in confidence to any potential new service recipient, or (iv) retaining,
at any time, Optionee’s personal correspondence, Optionee’s personal contacts and documents related to Optionee’s
own personal benefits, entitlements and obligations.

 

(b)          
Inventions. All rights to discoveries, inventions, improvements and innovations (including all data and records pertaining
thereto) related to the business of the Company, whether or not patentable, copyrightable, registrable as a trademark, or reduced
to writing, that Optionee may discover, invent or originate during period in which Optionee is a Service Provider (the “Term”),
either alone or with others and whether or not during working hours or by the use of the facilities of the Company (“Inventions”),
shall be the exclusive property of the Company. Optionee shall promptly disclose all Inventions to the Company, shall execute at
the request of the Company any assignments or other documents the Company may deem reasonably necessary to protect or perfect its
rights therein, and shall assist the Company, upon reasonable request and at the Company’s expense, in obtaining, defending
and enforcing the Company’s rights therein. Optionee hereby appoints the Company as Optionee’s attorney-in-fact
to execute on Optionee’s behalf any assignments or other documents reasonably deemed necessary by the Company to protect
or perfect its rights to any Inventions.

 

(c)          
Non-Competition.

 

(i)                
Optionee agrees that during the Restriction Period,
Optionee will not, directly or indirectly, individually or through an entity, as an owner, part owner, partner, employee, agent
or otherwise:

 

(A)             
provide to a Competitive Enterprise the same or similar services that Optionee performed
during Optionee’s service as a Service Provider. A "Competitive Enterprise"
means (x) any business that provides intellectual property services and consulting, or provides information solutions to assist
professionals and other clients in research and development and/or seeking to extract value from their intellectual assets; and/or
(y) any business that provides services or engages in any other business activities similar to any of those provided or engaged
in by the Company now or in the future; or

 

(B)             
sell, attempt to sell, or directly or indirectly assist in the effort of anyone else who sells or attempts to sell, any
products or services that are competitive with any products or services offered by the Company and for which Optionee
gained knowledge of during Optionee’s service as a Service Provider; or

 

(C)             
act in any capacity for another entity or engage in any conduct if in such capacity or due to such conduct Optionee
would reasonably be expected to use and/or disclose any of the Company’s trade secrets or Confidential Information;
or

 

(D)             
interfere with, disrupt or attempt to interfere with or disrupt relations between the Company and any of its customers,
employees, consultants, suppliers or vendors; or

 

(E)              
own more than 5% of a Competitive Enterprise.

 

Notwithstanding
anything in this Section 3.2(c) to the contrary, nothing herein shall prohibit Optionee from becoming employed exclusively in
or providing services to a non-competitive division or subsidiary of an enterprise whose other divisions and/or subsidiaries
may compete with the Company, so long as Optionee does not provide any services to or provide any assistance or advice to the
competitive division or subsidiary.

 

    A-4

     

    

 

(ii)              
Because of the global nature of the Company’s business, it is agreed that the restrictions set forth above shall apply
in the geographic regions that Optionee worked in and was responsible for while Optionee
was a Service Provider, and any other geographic area (country, province, state, city or other political subdivision) in which
the Company is engaged in, or was developing plans to engage in, business or is otherwise selling products or services at the time
Optionee incurred a Termination of Service.

 

(iii)            
In the event the terms of this Section 3.2(c) shall be determined by any court of competent jurisdiction to be unenforceable
by reason of its extending for too great a period of time or over too great a geographical area or by reason of its being too extensive
in any other respect, it will be interpreted to extend only over the maximum period of time for which it may be enforceable, over
the maximum geographical area as to which it may be enforceable, or to the maximum extent in all other respects as to which it
may be enforceable, all as determined by such court in such action.

 

(d)          
Non-Solicitation Of Customers. Optionee agrees that while the Optionee is a Service Provider, Optionee will have
contact with and become aware of some, most or all of the Company’s customers, representatives of those customers, their
names and addresses, specific customer needs and requirements, and leads and references to prospective customers. Optionee further
agrees that loss of such customers will cause the Company great and irreparable harm. Optionee agrees that during the Restriction
Period, Optionee will not directly or indirectly solicit, contact, call upon, communicate with or attempt to communicate with any
customer, former customer, or prospective customer of the Company for the purpose of providing or obtaining any product or service
reasonably deemed competitive with any product or service then offered by the Company. This restriction shall apply only to: (i)
any customer, former customer, or prospective customer of the Company with whom Optionee had contact during the last twelve months
of Optionee’s service as a Service Provider, or (ii) any customer, former customer, or prospective customer of the Company
about which Optionee had access to the Company’s trade secrets or confidential information, concerning such customer, former
customer or prospective customer during the last twelve months of employment with the Company. For the purposes of Section 3.2(d),
 “contact” means any interaction whatsoever between Optionee and the customer, former customer, or prospective customer
which takes place to further a business relationship.

 

(e)          
Non-Solicitation of Employees. Optionee agrees that during the Restriction Period, Optionee will not directly or
indirectly recruit, hire or attempt to recruit or hire any employee of the Company with whom the Company had contact during the
period in which Optionee was a Service Provider. For the purposes of this Section 3.2(e), “contact” means any interaction
whatsoever between Optionee and the other employee.

 

(f)           
Non-Disparagement. The Optionee agrees, during the Term
and following the Optionee’s Termination of Service, to refrain from Disparaging
(as defined below) the Company and its affiliates, including, without limitation,
any of the Company’s services, technologies or practices, or any of its directors,
officers, agents, representatives or stockholders, either orally or in writing. Nothing in this paragraph shall preclude Optionee
from making truthful statements that are reasonably necessary to comply with applicable law, regulation or legal process,
or to defend or enforce Optionee’s rights under this Agreement.
For purposes of this Agreement, “Disparaging”
means making remarks, comments or statements, whether written or oral, that impugn the character, integrity, reputation or abilities
of the person being disparaged.

 

    A-5

     

    

 

(g)         
As used in this Section 3.2, the term “Restriction Period” shall
have the meaning set forth in Optionee’s employment, service, severance or other similar
contract or agreement with the Company, or, if there is no such agreement or contract containing
a definition of Restriction Period, the twelve (12) month period after the Optionee’s
Termination of Service for any reason.

 

Section 3.3            
Application of Plan and Shareholders Agreement. The Optionee acknowledges that the Option and any Shares acquired
upon exercise of the Option are subject to the terms of the Plan and the Shareholders Agreement. In the event of a conflict between
the terms of this Agreement and the Plan or the Shareholders Agreement, the terms of the Plan or Shareholders Agreement, as applicable,
will control.

 

Section 3.4         
Construction. This Agreement shall be administered, interpreted and enforced under the laws of the state of Delaware,
disregarding choice-of-law principles of the law of any state that would require the application of the laws of a jurisdiction
other than such state.

 

ARTICLE
IV.

 

definitions

 

Whenever the following
terms are used in this Agreement (including the Grant Notice), they shall have the meaning specified below unless the context clearly
indicates to the contrary. Capitalized terms used in this Agreement and not defined below shall have the meaning given such terms
in the Plan. The singular pronoun shall include the plural, where the context so indicates.

 

Section 4.1            
Exercise Price. “Exercise Price” shall mean the exercise price per Share set forth in the Grant Notice.

 

Section 4.2            
Final Expiration Date. “Final Expiration Date” shall mean the final expiration date set forth in the
Grant Notice.

 

Section 4.3            
First Vesting Date. “First Vesting Date” shall mean _____.

 

Section 4.4            
Grant Date. “Grant Date” shall be the grant date set forth in the Grant Notice.

 

Section 4.5            
Grant Notice. “Grant Notice” shall mean the Grant Notice to which this Appendix A is attached, which
Grant Notice is for all purposes a part of the Agreement.

 

Section 4.6            
Option. “Option” shall mean the option to purchase Shares granted under this Agreement.

 

Section 4.7            
Optionee. “Optionee” shall be the Person designated as such in the Grant Notice.

 

Section 4.8            
Plan. “Plan” shall mean the Camelot Holdings (Jersey) Limited 2016 Equity
Incentive Plan.

 

Section 4.9           
Share. “Share” shall mean an ordinary share of $0.01 each in the capital of the Company and any shares
or other securities into or for which such shares are hereafter converted or exchanged.

 

*         *         *

 

    A-6Exhibit 10.17

 

 

CLARIVATE ANALYTICS
PLC

2019 INCENTIVE AWARD PLAN

 

 

RESTRICTED
SHARE Unit Grant Notice

 

Capitalized terms not
specifically defined in this Restricted Share Unit Grant Notice (the “Grant Notice”) have the meanings
given to them in the 2019 Incentive Award Plan (as amended from time to time, the “Plan”) of Clarivate
Analytics Plc (the “Company”).

 

The Company has granted
to the participant listed below (“Participant”) the Restricted Share Units described in this Grant Notice
(the “RSUs”), subject to the terms and conditions of the Plan and the Restricted Share Unit Agreement
attached as Exhibit A (the “Agreement”), both of which are incorporated into this Grant Notice
by reference.

 

	Participant:	 
	 	 
	Grant Date:	 
	 	 
	Number of RSUs:	 
	 	 
	Vesting Schedule:	
        Subject to the terms of the Agreement, including the Participant’s
        continued employment with the Company through each applicable vesting date, the RSUs shall vest as follows:

        

	 	 
	 	Number of RSUs: 	Vesting Date:
	 	       	                     
	 	       	                     
	 	       	                     

 

By Participant’s
signature below, Participant agrees to be bound by the terms of this Grant Notice, the Plan and the Agreement. Participant has
reviewed the Plan, this Grant Notice and the Agreement in their entirety, has had an opportunity to obtain the advice of counsel
prior to executing this Grant Notice and fully understands all provisions of the Plan, this Grant Notice and the Agreement. Participant
hereby agrees to accept as final and binding all decisions or interpretations of the Administrator upon any questions arising under
the Plan, this Grant Notice or the Agreement.

 

	CLARIVATE ANALYTICS PLC	 	PARTICIPANT
	 	 	 
	By:	 	 	 
	 	 	 
	Name:   	Jerre Stead	 	[Participant Name]
	Title:	Executive Chairman & CEO	 	 

 

     

     

    

 

Exhibit A

 

RESTRICTED
SHARE UNIT AGREEMENT

 

Capitalized terms not
specifically defined in this Agreement have the meanings specified in the Grant Notice or, if not defined in the Grant Notice,
in the Plan.

 

ARTICLE
I.

general

 

Section 1.1           
Award of RSUs and Dividend Equivalents.

 

(a)         
The Company has granted the RSUs to Participant effective as of the grant date set forth in the Grant Notice (the “Grant
Date”). Each RSU represents the right to receive one Share as set forth in this Agreement. Participant will have
no right to the distribution of any Shares until the time (if ever) the RSUs have vested.

 

(b)         
The Company hereby grants to Participant, with respect to each RSU, a Dividend Equivalent for ordinary cash or Share dividends
paid to substantially all holders of outstanding Shares with a record date after the Grant Date and prior to the date the applicable
RSU is settled, forfeited, or otherwise expires. Each Dividend Equivalent entitles Participant to receive the equivalent value
of any such ordinary cash or Share dividend paid on a single Share. Dividend Equivalents shall be paid in the form of Shares to
Participant on the date on which the Shares underlying the RSUs are distributed to Participant; provided that no Dividend
Equivalents shall be payable with respect to any RSUs that are forfeited. In the case of ordinary Share dividends, the number of
Dividend Equivalents will equal the number of Shares Participant would have received on the applicable dividend payment date with
respect to the number of Shares underlying the unvested RSUs on such date. In the case of ordinary cash dividends, the number of
Dividend Equivalents will equal the number of Shares the Participant would have received if the amount of cash was reinvested in
Shares on the applicable dividend payment date with respect to the number of Shares underlying the unvested RSUs on such date.
Dividend Equivalents will vest or be forfeited, as applicable, upon the vesting or forfeiture of the RSU with respect to which
the Dividend Equivalent relates.

 

Section 1.2           
No Rights as a Shareholder. Participant shall have no voting rights or any other rights as a shareholder of the
Company with respect to the RSUs unless and until Participant becomes the record owner of the Shares underlying the RSUs.

 

Section 1.3         
Incorporation of Terms of Plan. The RSUs are subject to the terms and conditions set forth in this Agreement and
the Plan, which is incorporated herein by reference. In the event of any inconsistency between the Plan and this Agreement, the
terms of the Plan will control.

 

Section 1.4         
Unsecured Promise. The RSUs and Dividend Equivalents will at all times prior to settlement represent an unsecured
Company obligation payable only from the Company’s general assets.

 

ARTICLE
II.

VESTING; forfeiture AND SETTLEMENT

 

Section 2.1          
Vesting; Forfeiture. The RSUs will vest according to the vesting schedule in the Grant Notice, except that any fraction
of an RSU that would otherwise be vested will be accumulated and will vest only when a whole RSU has accumulated. In the event
of Participant’s Termination of Service for any reason other than Participant’s death or Disability, all unvested
RSUs will immediately and automatically be cancelled and forfeited, except as otherwise determined by the Administrator or provided
in a binding written agreement between Participant and the Company. In the event of Participant’s Termination of Service
due to death or Disability, all unvested RSUs shall become immediately vested in full and all restrictions shall lapse upon such
Termination of Service. Notwithstanding the foregoing, in the event of the Participant’s Termination of Service by the Company
or any Subsidiary for Cause, the Administrator, in its discretion, may immediately and automatically cancel all vested RSUs for
no consideration and, in such event, any Shares or any amounts or benefits arising from the RSUs held by the Participant shall
be returned to the Company.

 

     

     

    

 

Section 2.2           
Settlement.

 

(a)         
RSUs and Dividend Equivalents (including any Dividend Equivalent Account balance) will be paid in Shares at the Company’s
option as soon as administratively practicable after the vesting of the applicable RSU, but in no event more than sixty (60) days
after the RSU’s vesting date. Notwithstanding the foregoing, the Company may delay any payment under this Agreement that
the Company reasonably determines would violate Applicable Laws until the earliest date the Company reasonably determines the making
of the payment will not cause such a violation (in accordance with Treasury Regulation Section 1.409A-2(b)(7)(ii)); provided
the Company reasonably believes the delay will not result in the imposition of any additional taxes under Section 409A.

 

ARTICLE
III.

TAXATION AND TAX WITHHOLDING

 

Section 3.1          
Representation. The Participant is hereby advised to consult with the Participant’s own tax advisors in respect
of any tax consequences arising in connection with the RSUs and the Dividend Equivalents.

 

Section 3.2           
Tax Withholding.

 

(a)         
The Company has the right to withhold any applicable federal, state and local tax that becomes due with respect to the RSUs
and the Dividend Equivalents and take such action as it deems appropriate to ensure that all applicable withholding, income or
other taxes are withheld or collected from the Participant.

 

(b)         
Participant acknowledges that Participant is ultimately liable and responsible for all taxes owed in connection with the
RSUs and the Dividend Equivalents, regardless of any action the Company or any Subsidiary takes with respect to any tax withholding
obligations that arise in connection with the RSUs or Dividend Equivalents. Neither the Company nor any Subsidiary makes any representation
or undertaking regarding the treatment of any tax withholding in connection with the awarding, vesting, settlement or payment of
the RSUs or the Dividend Equivalents or the subsequent sale of Shares. The Company and the Subsidiaries do not commit and are under
no obligation to structure the RSUs or Dividend Equivalents to reduce or eliminate Participant’s tax liability.

 

ARTICLE
IV.

other provisions

 

Section 4.1          
Prohibited Activities. Participant acknowledges and agrees that the Company and its Subsidiaries are engaged
in the highly competitive business of intellectual property services and consulting, as well as providing information solutions
to assist professionals at every stage of research and development and ensure they maintain and extract maximum value from their
intellectual assets. The Company’s and its Subsidiaries’ involvement in these businesses has required and continues
to require the expenditure of substantial amounts of money and the use of skills developed over long periods of time. As a result
of these investments of money, skill and time, the Company and its Subsidiaries have developed and will continue to develop certain
valuable Trade Secrets and Confidential Information (each as defined below) that are unique to the Company’s and its Subsidiaries’
businesses and the disclosure of which would cause the Company and its Subsidiaries great and irreparable harm. These investments
also give the Company and its Subsidiaries a competitive advantage over companies that have not made comparable investments and
that otherwise have not been as successful as the Company and its Subsidiaries in developing their businesses. Participant acknowledges
and agrees that given Participant’s position and resultant responsibilities with the Company and its Subsidiaries and Participant’s
access to Trade Secrets and Confidential Information, Participant has or will become intertwined with the goodwill the Company
and its Subsidiaries have developed, cultivated and maintained within its highly competitive industry and with its customers and
prospective customers and that Participant’s engaging in any business that is directly competitive with the Company and
its Subsidiaries would cause it great and irreparable harm. Accordingly and in consideration of and as a condition to the grant
of the RSUs, Participant agrees to the following covenants set forth in this Section 4.1. Subject to Section 4.2, the Participant’s
breach of any of the covenants contained in this Section 4.1 or any non-competition, non-solicitation, confidentiality, non-disparagement,
assignment of inventions or other intellectual property agreement to which the Participant may be a party with the Company or
any Subsidiary, in addition to whatever other equitable relief or monetary damages to which the Company or any Subsidiary may
be entitled, shall result in automatic rescission, forfeiture, cancellation or return of any Shares (whether or not vested) and
any amounts or benefits arising from this Award held by the Participant.

 

    A-2

     

    

 

(a)          
Nondisclosure of Proprietary Information.

 

(i)                 Except
in connection with the faithful performance of Participant’s duties as a Service Provider or pursuant to Section
4.1(a)(iii), Section 4.1(a)(iv) or Section 4.2, Participant shall, in perpetuity, maintain in confidence and shall
not directly, indirectly or otherwise, use, disseminate, disclose or publish, or use for Participant’s benefit or the
benefit of any person, firm, corporation or other entity (other than the Company or any Subsidiary) any Confidential
Information or Trade Secrets, or deliver to any person, firm, corporation or other entity any document, record, notebook,
computer program or similar repository of or containing any such Confidential Information or Trade Secrets. For purposes of
this Agreement, “Confidential Information” shall mean information that the Company or its
Subsidiaries have obtained in connection with its present or planned business, including information Participant developed in
the performance of Participant’s service as a Service Provider, the disclosure of which could result in a competitive
or other disadvantage to the Company or its Subsidiaries. “Confidential Information” includes some of the
Company’s and its Subsidiaries’ most valuable assets, such as: innovations, inventions and ideas, including
patentable or copyrightable subject matter; pricing policies; business plans and outlooks; brand formulations; nonpublic
financial results; new product developments or plans; customer lists; author or consultant contracts; subscription lists;
software or computer programs; merger, acquisition or divestiture plans; personnel acquisition plans or major management
changes; and Trade Secrets (as defined below). Confidential Information includes all information received by the Company or
its Subsidiaries under an obligation of confidentiality to another person or entity. The Participant and the Company and its
Subsidiaries hereby stipulate and agree that, as between them, any item of Confidential Information or Trade Secrets is
important, material and confidential and affects the successful conduct of the businesses of the Company and its Subsidiaries
(and any successor or assignee of the Company and its Subsidiaries). Notwithstanding the foregoing, Confidential Information
shall not include any information that (i) has been published or is in the future published in a form generally available to
the public, (ii) is or becomes publicly available or (iii) has become or becomes public knowledge prior to the date
Participant proposes to disclose or use such information; provided that such publishing or public availability or
knowledge of the Confidential Information shall not have resulted from Participant directly or indirectly breaching
Participant’s obligations under this Section 4.1(a) or any other similar provision by which Participant is
bound. For the purposes of the previous sentence, Confidential Information will not be deemed to have been published or
otherwise disclosed merely because individual portions of the information have been separately published, but only if
material features comprising such information have been published or become publicly available. For purposes of this
Agreement, “Trade Secrets” shall mean all forms and types of financial, business, scientific,
technical, economic or engineering information, including patterns, plans, compilations, program devices, formulas, designs,
prototypes, methods, techniques, processes, procedures, programs or codes, whether tangible or intangible, and whether or how
stored, compiled or memorialized physically, electronically, graphically, photographically or in writing by the Company or
its Subsidiaries. The Company confirms, and Participant understands, that the Company or a Subsidiary is the owner of its
Trade Secrets, that the Company or its Subsidiary has taken reasonable steps, under the circumstances, to protect and
maintain the secrecy of its Trade Secrets, and that the Company or its Subsidiary derives economic value, both tangible and
intangible, from its Trade Secrets.

 

    A-3

     

    

 

(ii)              
Upon the Participant’s Termination of Service for any reason, Participant will promptly deliver to the Company all
correspondence, drawings, manuals, letters, notes, notebooks, reports, programs, plans, proposals, financial documents, or any
other documents or property concerning the Company’s or any Subsidiary’s customers, business plans, marketing strategies,
products, property or processes.

 

(iii)            
Participant may respond to a lawful and valid subpoena or other legal process but shall (i) give the Company the earliest
possible notice thereof, (ii) as much in advance of the return date as possible, make available to the Company and its counsel
the documents and other information sought and (iii) assist such counsel at the Company’s expense in resisting or otherwise
responding to such process, in each case, to the extent permitted by Applicable Laws or rules.

 

(iv)             
Nothing in this Agreement shall prohibit Participant from (i) disclosing information and documents when required by law,
subpoena or court order (subject to the requirements of Section 4.1(a)(iii) above), (ii) disclosing information and documents
to Participant’s attorney or financial or tax advisor for the purpose of securing legal, financial or tax advice, (iii) disclosing
Participant’s post-service restrictions in this Agreement in confidence to any potential new service recipient, or (iv) retaining,
at any time, Participant’s personal correspondence, Participant’s personal contacts and documents related to Participant’s
own personal benefits, entitlements and obligations.

 

(b)          Inventions.
All rights to discoveries, inventions, improvements, innovations, ideas, designs, copyrightable materials, trademarks, and
other technology and rights (including all data and records pertaining thereto) related to the business of the Company or any
Subsidiary, whether or not patentable, copyrightable, registrable as a trademark, or reduced to writing, that Participant may
discover, invent or originate either alone or with others and whether or not during working hours or by the use of the
facilities of the Company or any Subsidiary during the period in which Participant is a Service Provider (the
 “Term”), and if based on Confidential Information, after the Term
(“Inventions”), shall be the exclusive property of the Company and, to the maximum extent permitted
by Applicable Laws, shall be deemed “works made for hire” as the term is used in the United States Copyright Act
or other Applicable Laws. To the extent that any Invention is not deemed a “work made for hire” or Participant
otherwise retains any right, title or interest with respect to any Invention, Participant hereby irrevocably assigns and
otherwise transfers to the Company the entire worldwide right, title, and interest in and to such Inventions. Participant
shall promptly disclose all such Inventions to the Company and shall execute at the Company’s request any assignments
or other documents the Company may deem reasonably necessary to protect or perfect its rights therein. Upon reasonable
request, Participant shall assist the Company, at the Company’s expense (but without further or additional
compensation), in obtaining, defending and enforcing the Company’s rights in the Inventions. Participant hereby
appoints the Company as Participant’s attorney-in-fact to execute on Participant’s behalf any assignments or
other documents reasonably deemed necessary by the Company to protect or perfect its rights to any Inventions.

 

    A-4

     

    

 

(c)          
Non-Competition and Non-Solicitation. Participant acknowledges and agrees that Participant will be subject to the
covenants as set forth in the non-competition and non-solicitation agreement entered into by and between Participant and the Company
or its Subsidiary (the “Non-Competition and Non-Solicitation Agreement”), which is incorporated herein
by reference. Notwithstanding the foregoing, if Participant is a resident of any jurisdiction where the covenants contained in
the Non-Competition and Non-Solicitation Agreement are not enforceable against Participant or are void as a matter of law, in each
case, under Applicable Laws of such jurisdiction, Participant shall not be subject to such covenants contained in the Non-Competition
and Non-Solicitation Agreement.

 

(d)          
Non-Disparagement. Subject to Section 4.2, the Participant agrees, during the Term and following the Participant’s
Termination of Service, to refrain from Disparaging (as defined below) the Company and its Subsidiaries, including, without limitation,
any of the Company’s services, technologies or practices, or any of their directors, officers, agents, representatives or
stockholders, either orally or in writing. Nothing in this paragraph shall preclude Participant from making truthful statements
that are reasonably necessary to comply with Applicable Laws, regulation or legal process, or to defend or enforce Participant’s
rights under this Agreement. For purposes of this Agreement, “Disparaging” means making remarks, comments
or statements, whether written or oral, that impugn the character, integrity, reputation or abilities of the person being disparaged.

 

Section 4.2           
Whistleblower Protection; Defend Trade Secrets Act.

 

(a)         
Nothing in this Agreement or otherwise limits the Participant’s ability to communicate directly with and provide information,
including documents, not otherwise protected from disclosure by any Applicable Laws or privilege to the Securities and Exchange
Commission (the “SEC”), any other federal, state or local governmental agency or commission (“Government
Agency”) or self-regulatory organization regarding possible legal violations, without disclosure to the Company.
The Company may not retaliate against the Participant for any of these activities, and nothing in this Agreement requires the Participant
to waive any monetary award or other payment that the Participant might become entitled to from the SEC or any other Government
Agency or self-regulatory organization.

 

(b)         
Further, nothing in this Agreement precludes the Participant from filing a charge of discrimination with the Equal Employment
Opportunity Commission or a like charge or complaint with a state or local fair employment practice agency. However, once this
Agreement becomes effective, the Participant may not receive a monetary award or any other form of personal relief from the Company
in connection with any such charge or complaint that the Participant filed or is filed on the Participant’s behalf.

 

(c)          
Pursuant to the Defend Trade Secrets Act of 2016, the parties hereto acknowledge and agree that the Participant shall not
have criminal or civil liability under any federal or state trade secret law for the disclosure of a trade secret that (i) is made
(A) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney and (B) solely
for the purpose of reporting or investigating a suspected violation of law; or (ii) is made in a complaint or other document filed
in a lawsuit or other proceeding, if such filing is made under seal. In addition and without limiting the preceding sentence, if
the Participant files a lawsuit for retaliation by the Company for reporting a suspected violation of law as contemplated by the
preceding sentence, the Participant may disclose the relevant trade secret to his attorney and may use such trade secret in the
ensuing court proceeding, if the Participant (X) files any document containing such trade secret under seal and (Y) does not disclose
such trade secret, except pursuant to court order.

 

    A-5

     

    

 

Section 4.3           
Data Protection. Participant acknowledges and agrees that the Company and any other third-party administrator designated
by the Company to maintain the Plan through an electronic system may process sensitive and personal data of Participant in connection
with the administration and maintenance of the Plan, including: Participant’s name, address, telephone number, e-mail address,
tax identification number, family size, marital status, sex, beneficiary information, emergency contacts, passport or visa information,
language skills, driver’s license information, birth certificate or employee identification information. The lawful persons
for whom the Participant's personal data are intended and with whom such personal data may be shared are the Company, the third-party
administrator designated by the Company to maintain the Plan through an electronic system (as selected by the Company from time
to time), legal counsel to the Company (as selected by the Company from time to time), the Company’s accountants (as selected
by the Company from time to time) and any other person that the Company may find in its administration or maintenance of the Plan
to be appropriate. For additional information regarding how the Company may collect, use and process Participant’s personal
data and the manner in which the Company does so, Participant shall refer to Clarivate Analytics Employee Privacy Notice.

 

Section 4.4           
Third Party Administrator; Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents
related to the RSUs to Participant by electronic means or request Participant’s consent to participate in the Plan by electronic
means. Participant consents to receive any such documents by electronic delivery and, if requested by the Company, agrees to participate
in the Plan through an online or electronic system established and maintained by the Company or a third-party administrator designated
by the Company.

 

Section 4.5          
Adjustments. Participant acknowledges that the RSUs, the Shares subject to the RSUs and the Dividend Equivalents
are subject to adjustment, modification and termination in certain events as provided in this Agreement and the Plan.

 

Section 4.6           
Notices. Any notice to be given under the terms of this Agreement to the Company must be in writing and addressed
to the Company in care of the Company’s Secretary at the Company’s principal office or the Secretary’s then-current
email address or facsimile number. Any notice to be given under the terms of this Agreement to Participant must be in writing
and addressed to Participant at Participant’s last known mailing address, email address or facsimile number in the Company’s
personnel files. By a notice given pursuant to this Section 4.6, either party may designate a different address for notices to
be given to that party. Any notice will be deemed duly given when actually received, when sent by email, when sent by certified
mail (return receipt requested) and deposited with postage prepaid in a post office or branch post office regularly maintained
by the United States Postal Service, when delivered by a nationally recognized express shipping company or upon receipt of a facsimile
transmission confirmation.

 

Section 4.7           
Titles. Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction
of this Agreement.

 

Section 4.8          
Conformity to Securities Laws. Participant acknowledges that the Plan, the Grant Notice and this Agreement are intended
to conform to the extent necessary with all Applicable Laws and, to the extent Applicable Laws permit, will be deemed amended
as necessary to conform to Applicable Laws.

 

Section 4.9          
Successors and Assigns. The Company may assign any of its rights under this Agreement to single or multiple assignees,
and this Agreement will inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer
set forth in the Plan, this Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives,
successors and assigns of the parties hereto.

 

    A-6

     

    

 

Section 4.10         
Transfer of Shares. If Participant is or becomes a party to the Company Amended and Restated Shareholders Agreement
dated as of January 14, 2019 (as may be amended from time to time) (the “Shareholders Agreement”), any
Shares delivered under this Agreement, including Dividend Equivalents paid in the form of Shares, shall not be subject to Section
3.1 of the Shareholders Agreement, and instead such Shares shall be fully saleable, assignable, transferable and alienable by
Participant.

 

Section 4.11         
Limitations Applicable to Section 16 Persons. Notwithstanding any other provision of the Plan or this Agreement,
if Participant is subject to Section 16 of the Exchange Act, the Plan, the Grant Notice, this Agreement, the RSUs and the Dividend
Equivalents will be subject to any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange
Act (including any amendment to Rule 16b-3) that are requirements for the application of such exemptive rule. To the extent Applicable
Laws permit, this Agreement will be deemed amended as necessary to conform to such applicable exemptive rule.

 

Section 4.12         
Entire Agreement. The Plan, the Grant Notice and this Agreement (including any exhibit hereto) constitute the entire
agreement of the parties and supersede in their entirety all prior undertakings and agreements of the Company and Participant
with respect to the subject matter hereof, except for the Non-Competition and Non-Solicitation Agreement.

 

Section 4.13        
Agreement Severable. If any provision of the Grant Notice or this Agreement is declared or found to be illegal,
unenforceable or void, in whole or in part, then the parties hereto 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 hereto that
the Grant Notice and 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 therefor another provision that is legal
and enforceable and achieves the same objectives. The illegality, unenforceability or invalidity of any provision of the Grant
Notice or this Agreement shall not affect the legality, enforceability or validity of any other provision of the Grant Notice
or this Agreement.

 

Section 4.14        
Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as
herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and may
not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant
will have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable,
if any, with respect to the RSUs and Dividend Equivalents, and rights no greater than the right to receive cash or the Shares
as a general unsecured creditor with respect to the RSUs and Dividend Equivalents, as and when settled pursuant to the terms of
this Agreement.

 

Section 4.15         
Not a Contract of Employment. Nothing in the Plan, the Grant Notice or this Agreement confers upon Participant any
right to continue in the employ or service of the Company or any Subsidiary or interferes with or restricts in any way the rights
of the Company and its Subsidiaries, which rights are hereby expressly reserved, to discharge or terminate the services of Participant
at any time for any reason whatsoever, with or without Cause, except to the extent expressly provided otherwise in a written agreement
between the Company or a Subsidiary and Participant.

 

Section 4.16         
Not Salary, Pensionable Earnings or Base Pay. The Participant acknowledges that the RSUs shall not be included in
or deemed to be a part of (a) salary, normal salary or other ordinary compensation, (b) any definition of pensionable or other
earnings (however defined) for the purpose of calculating any benefits payable to or on behalf of the Participant under any pension,
retirement, termination or dismissal indemnity, severance benefit, retirement indemnity or other benefit arrangement of the Company
or any Subsidiary or (c) any calculation of base pay or regular pay for any purpose.

 

    A-7

     

    

 

Section 4.17         
No Right to Future Awards. Any Award granted under the Plan shall be a one-time Award that does not constitute a
promise of future grants. The Company, in its sole discretion, maintains the right to make available future grants under the Plan.

 

Section 4.18        
Governing Law. All matters arising out of or relating to this Agreement and the transactions contemplated hereby,
including its validity, interpretation, construction, performance and enforcement, shall be governed by and construed in accordance
with the internal laws of the State of Delaware, without giving effect to its principles of conflict of laws.

 

Section 4.19        
Counterparts. The Grant Notice may be executed in one or more counterparts, including by way of any electronic signature,
subject to Applicable Laws, each of which will be deemed an original and all of which together will constitute one instrument.

 

* * * * *

 

    A-8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00305-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00305-of-00352.parquet"}]]