Document:

EX-4.1

 Exhibit 4.1 

SUPPLEMENTAL INDENTURE NO. 1 

Supplemental Indenture No. 1 (“Supplemental Indenture No. 1”), dated as of July 13, 2017 among IHS Markit
Ltd., a Bermuda exempted company (the “Company”), the guarantors listed on the signature pages hereto (the “Guarantors”), and Wells Fargo Bank, National Association, as trustee (the “Trustee”). 

W I T N E S S E T H 
 WHEREAS,
the Company and the Guarantors have heretofore executed and delivered to the Trustee a Senior Notes Indenture (the “Initial Indenture”), dated as of February 9, 2017, providing for the issuance of an unlimited aggregate
principal amount of 4.75% Senior Notes due 2025; 
 WHEREAS, the Company has previously issued $500,000,000 aggregate principal amount of
4.75% Senior Notes due 2025 (the “Existing Notes”); 
 WHEREAS, the Company wishes to issue $300,000,000 aggregate
principal amount of Additional Notes; 
 WHEREAS, in accordance with Section 2.01 of the Initial Indenture, the Company may issue
Additional Notes and shall enter into a supplemental indenture to the Initial Indenture to provide for the issuance of such Additional Notes; 

WHEREAS, the Company and the Guarantors wish to execute and deliver this Supplemental Indenture No. 1 to provide for the issuance of
$300,000,000 aggregate principal amount of its 4.75% Senior Notes due 2025 (the “New Notes”) as Additional Notes under the Initial Indenture; 

WHEREAS, in connection with the issuance of the New Notes and pursuant to Section 2.01 of the Initial Indenture, the Trustee is
authorized to execute and deliver this Supplemental Indenture No. 1; 
 WHEREAS, all things necessary have been done to make this
Supplemental Indenture No. 1 a valid and binding agreement of the Company, the Guarantors listed on the signature pages hereto and the Trustee, in accordance with its terms; 

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged,
the parties mutually covenant and agree for the equal and ratable benefit of the Holders as follows: 
 (1) Capitalized Terms.
Capitalized terms used herein without definition shall have the meanings assigned to them in the Initial Indenture. 
 (2) Additional
Notes. As of the date hereof, the Company shall issue the New Notes pursuant to this Supplemental Indenture No. 1. The New Notes issued pursuant to this Supplemental Indenture No. 1 constitute Additional Notes issued pursuant to
Section 2.01 of the Initial Indenture and shall be consolidated with and form a single class with the Existing Notes previously established pursuant to the Initial Indenture. The New Notes shall have the same terms and conditions in all
respects as the Existing Notes, except that the issue date of the New Notes shall be July 13, 2017 and the issue price shall be 105.5% of the aggregate principal amount thereof plus accrued and unpaid interest from

 
February 9, 2017. The New Notes will be (and in the case of the New Notes issued pursuant to Regulation S under the Securities Act, after being mandatorily exchanged for New Notes with the
same CUSIP/ISIN numbers as the Existing Notes issued pursuant to Regulation S under the Securities Act as described below, will be) fungible for U.S. federal income tax purposes with the Existing Notes and will have the same issue date and issue
price as the Existing Notes for such purposes. The New Notes issued in the form of Global Notes will be issued under the same CUSIP/ISIN numbers as the Existing Notes (except that New Notes issued pursuant to Regulation S under the Securities Act
will trade separately under different CUSIP/ISIN numbers until at least 40 days after the issue date of the New Notes and thereafter, subject to the terms hereof); it being understood that any New Notes issued in the form of a Definitive Note may be
exchanged for a beneficial interest in a Global Note in accordance with the provisions of the Initial Indenture. The form of the global notes or definitive notes representing the New Notes is attached hereto as Exhibit A. 

(3) Aggregate Principal Amount. The aggregate principal amount of the New Notes that may be authenticated and delivered pursuant to this
Supplemental Indenture No. 1 shall be $300,000,000. 
 (4) Governing Law. THIS SUPPLEMENTAL INDENTURE NO. 1 WILL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 (5) Ratification of Indenture; Supplemental Indentures Part of
Indenture. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture No. 1 shall form
a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. The Trustee makes no representation or warranty as to and shall not be responsible for the validity or
sufficiency of this Supplemental Indenture No. 1 or the New Notes or as to the accuracy of the recitals to this Supplemental Indenture No. 1. The Trustee shall not be accountable for the use or application by the Company of the New Notes
or the proceeds thereof. 
 (6) Counterparts. The parties may sign any number of copies of this Supplemental Indenture No. 1.
Each signed copy shall be an original, but all of them together represent the same agreement. Signatures of the parties hereto transmitted by facsimile or PDF may be used in lieu of the originals and shall be deemed to be their original signatures
for all purposes. 
 (7) Effect of Headings. The Section headings herein are for convenience only and shall not affect the
construction hereof. 
 (8) Mandatory Exchange of Regulation S Global Notes. Promptly following the termination of 40 days following
the issue date of the New Notes, the Company shall cause the beneficial interests in New Notes in the form of Regulation S Global Notes to be exchanged for beneficial interests in a Regulation S Global Note (CUSIP G47567 AB1, ISIN No. USG47567AB13)
pursuant to Applicable Procedures. The Company shall deliver to the Trustee a written order of the Company to process such mandatory exchange, along with an Officer’s Certificate and Opinion of Counsel. 

  
 2 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture No. 1 to be
duly executed, all as of the date first above written. 
  

			
	IHS MARKIT LTD.
		
	By:	 	 /s/ Todd Hyatt

		 	Name: Todd Hyatt
		 	Title: Chief Financial Officer
	
	Markit North America, Inc.
		
	By:	 	 /s/ Sari Granat

		 	Name: Sari Granat
		 	Title: Secretary
	
	IHS Inc.
	IHS Global Inc.
		
	By:	 	 /s/ Sari Granat

		 	Name: Sari Granat
		 	Title: EVP, Legal & Secretary
	
	R.L. Polk & Co.
	CARFAX, Inc.
		
	By:	 	 /s/ Sari Granat

		 	Name: Sari Granat
		 	Title: EVP, Legal & Secretary
	
	IHS Global Canada Limited
		
	By:	 	 /s/ Sari Granat

		 	Name: Sari Granat
		 	Title: Director
	
	IHS Global SA
		
	By:	 	 /s/ Chris McLoughlin

		 	Name: Chris McLoughlin
		 	Title: Director

 [Signature page to Supplemental Indenture No. 1] 

			
	Executed as a deed by
	 MARKIT GROUP HOLDINGS LIMITED

acting by

		
	By:	 	 /s/ Todd Hyatt

		 	Name: Todd Hyatt
		 	Title: Director
		
	By:	 	 /s/ Chris McLoughlin

		 	Name: Chris McLoughlin
		 	Title: Director
	
	Executed as a deed by
	 MARKIT GROUP LIMITED
 acting
by

		
	By:	 	 /s/ Todd Hyatt

		 	Name: Todd Hyatt
		 	Title: Director
		
	By:	 	 /s/ Chris McLoughlin

		 	Name: Chris McLoughlin
		 	Title: Director
	
	IHS Global Limited
		
	By:	 	 /s/ Chris McLoughlin

		 	Name: Chris McLoughlin
		 	Title: Director

  
 [Signature Page to
Supplemental Indenture No. 1] 

 WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Trustee 
  

			
	By:	 	 /s/ Gregory S. Clarke

	Name:	 	Gregory S. Clarke
	Title:	 	Vice President

 [Signature page to Supplemental Indenture No. 1] 

 EXHIBIT A 

[FORM OF FACE OF NOTE] 
 [Insert
the Restricted Notes Legend, if applicable, pursuant to the provisions of the Indenture] 
 [Insert the Global Notes Legend, if applicable,
pursuant to the provisions of the Indenture] 
 [Insert the Definitive Notes Legend, if applicable, pursuant to the provisions of the
Indenture] 
 [Insert the ERISA Legend, if applicable, pursuant to the provisions of the Indenture.] 

  
 A-1 

 CUSIP [            ] 

ISIN [            ]1 

[RULE 144A][REGULATION S][IAI][GLOBAL] NOTE 

4.75% Senior Notes due 2025 
  

			
	No. [RA-    ] [RS-    ] [RIAI-    ] [U-    ]	  	[$                    ]2

 IHS MARKIT LTD. 

promises to pay to [CEDE & CO.]
[                    ] or registered assigns the principal sum [set forth on the Schedule of Exchanges of Interests in the Global Note attached
hereto] [of $            (            Dollars)]3 on February 15, 2025.

 Interest Payment Dates: February 15 and August 15 

Record Dates: February 1 and August 1 

 

	1 	Rule 144A Note CUSIP: 44962L AB3 

 Rule 144A Note ISIN: US44962LAB36 

Temporary Regulation S Note CUSIP: G47567 AC9 

Temporary Regulation S Note ISIN: USG47567AC95 

Regulation S Note CUSIP: G47567 AB1 

Regulation S Note ISIN: USG47567AB13 

	2 	Include in Global Notes. 

	3 	Include in Definitive Notes 

  
 A-2 

 IN WITNESS HEREOF, the Company has caused this instrument to be duly executed. 

Dated: 
  

			
	IHS MARKIT LTD.
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-3 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Notes referred to in the within-mentioned Indenture: 

 

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Authorized Signatory

 Dated: 

  
 A-4 

 [Reverse Side of Note] 

4.75% Senior Notes due 2025 

Capitalized terms used herein shall have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 

INTEREST. IHS Markit Ltd., a Bermuda exempted company (the “Company”), promises to pay interest on the principal amount of
this Note at 4.75% per annum until but excluding maturity. The Company shall pay interest semi-annually in arrears on February 15 and August 15 of each year (each, an “Interest Payment Date”). If any such day is not a
Business Day, interest shall be payable on the next succeeding Business Day with the same force and effect and no interest shall accrue for the intervening period. Interest on the Notes shall accrue from the most recent date to which interest has
been paid or, if no interest has been paid, from and including February 9, 2017; provided that the first Interest Payment Date shall be August 15, 2017. The Company shall pay interest (including post-petition interest in any
proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at the interest rate on the Notes to the extent lawful; it shall pay interest (including post-petition interest in any proceeding under any
Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand at the interest rate on the Notes to the extent lawful. Interest shall be computed on the basis of a 360-day year
comprised of twelve 30-day months. 
 PAYMENT OF ADDITIONAL AMOUNTS. The Company or, if applicable, each Guarantor (pursuant to the terms of
the applicable Guarantee) (each, a “Payor”) shall make all payments of, or in respect of, principal, premium (if any) and interest on the Notes, or any payment pursuant to the Guarantees, as the case may be, free and clear of and
without withholding or deduction for or on account of any present or future tax, duty, levy, impost, assessment or other governmental charge (including penalties, interest, and other liabilities related thereto) whatsoever imposed, assessed, levied
or collected (“Taxes”) by or for the account of Bermuda, the United Kingdom or any other jurisdiction in which the Company or any Guarantor is organized, or resident for tax purposes, engaged in business for tax purposes or through
which payment is made (or any political subdivision thereof or any authority thereof having the power to tax) (a “Relevant Taxing Jurisdiction”), unless such withholding or deduction is required by law or by the official
interpretation or administration thereof. If a Payor is required by a Relevant Taxing Jurisdiction to deduct or withhold Taxes from any payment of principal, premium (if any) and interest on the Notes, or any payments pursuant to the Guarantees, as
the case may be, such Payor shall pay (together with such payments) such additional amounts (“Additional Amounts”) as may be necessary so that the net amount received in respect of such payments by the holder of such Note, after
such deduction or withholding (including any such deduction or withholding in respect of such Additional Amounts) will not be less than the amount such holder would have received if such Taxes had not been withheld or deducted; provided,
however, that a Payor shall not be required to pay Additional Amounts under certain circumstances set forth in the Indenture. 

METHOD OF PAYMENT. The Company shall pay interest on the Notes to the Persons who are registered holders of Notes at the close of business on
the February 1 or August 1 (whether or not a Business Day), as the case may be, immediately preceding the related Interest Payment Date, except as provided in Section 2.12 of the Indenture with respect to defaulted interest.
Principal, premium, if any, and interest on the Notes shall be payable at the office or agency of the Company maintained for such purpose or, at the option of the Company, payment of interest and premium, if any, may be made by check mailed to the
holders at their respective addresses set forth in the Note Register; provided that payment by wire transfer of immediately available funds shall be required with respect to principal, premium, if any, and interest on all Global Notes and all
other Notes the holders of which shall have provided wire transfer instructions to the Company or the Paying Agent at least five Business Days prior to the applicable payment date. Such payment shall be in such coin or currency of the United States
as at the time of payment is legal tender for payment of public and private debts. 

  
 A-5 

 PAYING AGENT AND REGISTRAR. Initially, Wells Fargo Bank, National Association, the Trustee under
the Indenture, shall act as Paying Agent and Registrar. The Company may change any Paying Agent or Registrar without notice to the holders of Notes. The Company or any of its Subsidiaries may act in any such capacity. 

INDENTURE. The Company issued the Notes under an Indenture, dated as of February 9, 2017 (as amended or supplemented from time to time,
the “Indenture”), among the Company, the Guarantors named therein and the Trustee. This Note is one of a duly authorized issue of notes of the Company designated as its 4.75% Senior Notes due 2025. The Notes are Additional Notes
under the Indenture and the Company shall be entitled to issue further Additional Notes pursuant to Section 2.01 of the Indenture. The Initial Notes, the Notes and any Additional Notes issued under the Indenture shall be treated as a single
class of securities under the Indenture. Any term used in this Note that is defined in the Indenture shall have the meaning assigned to it in the Indenture. To the extent any provision of this Note conflicts with the express provisions of the
Indenture, the provisions of the Indenture shall govern and be controlling. 
 REDEMPTION AND REPURCHASE. The Notes are subject to optional
redemption, including optional redemption for tax reasons, and may be the subject of a Change of Control Offer, in each case, as further described in the Indenture. The Company shall not be required to make mandatory redemption or sinking fund
payments with respect to the Notes. 
 DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in registered form without coupons in denominations
of $2,000 and integral multiples of $1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a holder, among other things, to furnish
appropriate endorsements and transfer documents, and holders shall be required to pay any taxes and fees required by law or permitted by the Indenture. The Company need not exchange or register the transfer of any Note or portion of a Note selected
for redemption or tendered for repurchase in connection with a Change of Control Offer, except for the unredeemed portion of any Note being redeemed or repurchased in part. 

PERSONS DEEMED OWNERS. The registered holder of a Note may be treated as its owner for all purposes. 

AMENDMENT, SUPPLEMENT AND WAIVER. The Indenture, the Guarantees or the Notes may be amended or supplemented as provided in the Indenture. 

DEFAULTS AND REMEDIES. The Events of Default relating to the Notes are defined in Section 6.01 of the Indenture. Upon the occurrence of
an Event of Default, the rights and obligations of the Company, the Guarantors, the Trustee and the holders shall be as set forth in the applicable provisions of the Indenture. 

AUTHENTICATION. This Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose until
authenticated by the manual signature of the Trustee. 
 GOVERNING LAW. THIS NOTE WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK. 

  
 A-6 

 CUSIP AND ISIN NUMBERS. Pursuant to a recommendation promulgated by the Committee on Uniform
Security Identification Procedures, the Company has caused CUSIP and ISIN numbers to be printed on the Notes, and the Trustee may use CUSIP and ISIN numbers in notices as a convenience to holders. No representation is made as to the accuracy of such
numbers either as printed on the Notes or as contained in any notice and reliance may be placed only on the other identification numbers placed thereon. 

The Company shall furnish to any holder upon written request and without charge a copy of the Indenture. Requests may be made to the Company
at the following address: 
 c/o IHS Markit Ltd. 

4th Floor, Ropemaker Place 
 25
Ropemaker Street 
 London EC2Y 9LY 

United Kingdom 
 Email:
Sari.Granat@ihsmarkit.com 
 Attention: General Counsel 

  
 A-7 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
  

			
	(I) or (we) assign and transfer this Note to:	  	  

		  	(Insert assignee’s legal name)

  

 
 (Insert assignee’s soc. sec. or
tax I.D. no.) 
  
  

 
  
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 
 and irrevocably 

			
	appoint	 	 

 to transfer this Note on the books of the Company. The agent may substitute another to act for
him. 
 Date:
                                         
                
  

			
	Your Signature:	 	  

		 	(Sign exactly as your name appears on the face of this Note)

 Signature Guarantee*:
                             

 

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 A-8 

 CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR 

REGISTRATION OF TRANSFERS OF TRANSFER RESTRICTED NOTES 

Wells Fargo Corporate Trust-DAPS Reorg 
 600 Fourth Street South,
7th Floor 
 MAC N9300-070 

Minneapolis, MN 55479 
 Phone: 1-800-344-5128 

Fax: 1-866-969-1290 
 Email: dapsreorg@wellsfargo.com 

This certificate relates to $             principal amount of Notes held in (check
applicable space)              book-entry or              definitive form by the undersigned. 

The undersigned (check one box below): 
  

	☐	has requested the Trustee by written order to deliver in exchange for its beneficial interest in a Global Note held by the Depositary a Note or Notes in definitive, registered form of authorized denominations and an
aggregate principal amount equal to its beneficial interest in such Global Note (or the portion thereof indicated above) in accordance with the Indenture; or 

  

	☐	has requested the Trustee by written order to exchange or register the transfer of a Note or Notes. 

 In
connection with any transfer of any of the Notes evidenced by this certificate, the undersigned confirms that such Notes are being transferred in accordance with its terms: 

CHECK ONE BOX BELOW 
  

					
	(1)	  	☐	  	to the Company or any subsidiary thereof; or
			
	(2)	  	☐	  	to the Registrar for registration in the name of the holder, without transfer; or
			
	(3)	  	☐	  	pursuant to a registration statement that has been declared effective under the Securities Act of 1933, as amended (the “Securities Act”); or
			
	(4)	  	☐	  	for so long as the Notes are eligible for resale pursuant to Rule 144A under the Securities Act (“Rule 144A”), to a Person that the undersigned reasonably believes is a “qualified institutional buyer” as
defined in Rule 144A that purchases for its own account or for the account of a qualified institutional buyer to whom notice is given that the transfer is being made in reliance on Rule 144A; or
			
	(5)	  	☐	  	pursuant to offers and sales to non-U.S. persons that occur outside the United States within the meaning of Regulation S under the Securities Act; or

  
 A-9 

					
			
	(6)	  	☐	  	to an institutional “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act that is not a “qualified institutional buyer” and that is purchasing for its own account or
for the account of another institutional accredited investor, in each case in a minimum principal amount of $250,000 of Notes; or
			
	(7)	  	☐	  	pursuant to Rule 144 under the Securities Act; or
			
	(8)	  	☐	  	pursuant to another available exemption from the registration requirements of the Securities Act.

 Unless one of the boxes is checked, the Trustee will refuse to register any of the Notes evidenced by this
certificate in the name of any Person other than the registered holder thereof; provided, however, that if box (4), (5), (6), (7) or (8) is checked, the Company or the Trustee may require, prior to registering any such
transfer of the Notes, such legal opinions, certifications and/or other information satisfactory to each of them to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act. 
  

			
		  	  
 Your Signature

		
	Date:                     	  	
		  	  
 Signature of Signature

Guarantor

 TO BE COMPLETED BY PURCHASER IF (4) ABOVE IS CHECKED. 

The undersigned represents and warrants that it is purchasing this Note for its own account or an account with respect to which it exercises
sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A, and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it
has received such information regarding the Company as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon the undersigned’s
foregoing representations in order to claim the exemption from registration provided by Rule 144A. 
  

			
	Dated:                     	  	
		  	  
 NOTICE: To be executed by

                 an executive officer

Name:
 Title:

 Signature Guarantee*:
                             
  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 A-10 

 TO BE COMPLETED IF THE HOLDER REQUIRES AN EXCHANGE FROM A REGULATION S GLOBAL NOTE TO AN
UNRESTRICTED GLOBAL NOTE, PURSUANT TO SECTION 2.2(d)(iii) OF APPENDIX A TO THE INDENTURE 
 The undersigned represents and warrants that either:

  

	☐	the undersigned is not a dealer (as defined in the Securities Act) and is a non-U.S. person (within the meaning of Regulation S under the Securities Act); or 

 

	☐	the undersigned is not a dealer (as defined in the Securities Act) and is a U.S. person (within the meaning of Regulation S under the Securities Act) who purchased interests in the Notes pursuant to an exemption
from, or in a transaction not subject to, the registration requirements under the Securities Act; or 

  

	☐	the undersigned is a dealer (as defined in the Securities Act) and the interest of the undersigned in this Note does not constitute the whole or a part of an unsold allotment to or subscription by such dealer for the
Notes. 

  

			
	Dated:                             	  	
		  	  
 Your
Signature

  
 A-11 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to Section 4.10 of the Indenture, check the appropriate box
below: 
 [    ] Section 4.10 

If you want to elect to have only part of this Note purchased by the Company pursuant to Section 4.10 of the Indenture, state the amount
you elect to have purchased: 
  

			
	$                        	  	 ($2,000 and integral multiples
 of $1,000, in
excess thereof)

 Date:
                     
  

			
	Your Signature:	 	  

		 	(Sign exactly as your name appears on the face of this Note)
	Tax Identification
No.:                                        
                   

 Signature Guarantee*:
                             

 

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 A-12 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 

The initial outstanding principal amount of this Global Note is
$            . The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or
Definitive Note for an interest in this Global Note, have been made: 
  

									
	 Date of Exchange
	  	Amount of decrease
in Principal Amount of
this Global Note	  	Amount of
increase
in Principal
Amount of
this
Global Note	  	Principal
Amount of
this Global
Note
following
such
decrease or
increase	  	Signature of
authorized
signatory of
Trustee, Depositary
or Custodian

 
  

	*	This schedule should be included only if the Note is issued in global form. 

  
 A-13Exhibit 10.2

 

BOARD MEMBER AGREEMENT

 

This Board Member Engagement and Compensation
Agreement (“Agreement”) is made and entered into as June 30th, 2017(“Effective Date”)
between Blackpoll Fleet International, Inc. (the “Company”) and Mr. Dan Oran (the “Director”).

 

	1.	Background. The Company’s Board of Directors has appointed
this Director to perform the services of a director, as set forth in Company documents and as expanded if/when the Company’s
Board roles evolve. In furtherance thereof, the Company and the Director desire to enter into this Agreement. 
	 	 
	2.	Term. This Agreement shall commence on the Effective Date
and remain in effect until termination of this Agreement in accordance with the termination provisions cited in Section 5 of this
Agreement.
	 	 
	3.	Actions. It is anticipated that the Director will participate
in quarterly Board of Directors meetings,provide input, advice and direction and be available to assist efforts to grow the business
on a daily basis. 
	 	 
	4.	Consideration. As full consideration, the Company shall compensate
Director $ 7,500 per month at the completionof the month ofservice. In addition to the compensation described above (unless comparable
compensation is provided for under the terms of a separate employment or consulting agreement) or such compensation cannot be paid
because of conflicts with applicable laws:

 

		A.	In the event Director directly arranges or directly provides funding
for Company or an affiliate of the Company, Director shall be entitled to compensation of 5% of the net proceeds of such funding.
	 	 	 
		B.	In the event Director directly arranges for an acquisition of or by the Company or an affiliate
of the Company, Director shall be entitled to compensation of 5% of the acquisition.
	 	 	 
		C.	In the event Director generates business for Company, then, on any
sales resultingtherefrom, Director shall be entitledto commission equal to 10% of the net proceeds received by Company therefrom
on a continuing basis payable in cash from Revenues directlyarranged byDirector.

 

	5.	Company’s Proprietary Rights and Non-Disclosure of Confidential
Information

 

		A.	Obligation. The Director will hold the Company’s Confidential
Information, as defined below, in the strictest confidence and will not disclose or use the Confidential Information, except as
permitted by this Agreement, unless expressly authorized to act otherwise in writing by an officer of the Company or as otherwise
required by law or valid and binding judicial order. The Director’s obligations under this Section shall survive any termination
of this Agreement. In addition, the Director recognizes that he/she will be exposed to, have access to and be engaged in the development
of information (including tangible and intangible manifestations) regarding the patents, copyrights, trademarks, and Confidential
Information of the Company. The Director acknowledges and agrees that all this information, whether presently existing or developed
in the future, which is not the subject of a patent, patent application, copyright, trademark or trade secret either owned by the
Director or in the public domain prior to the Effective Date, is the sole property of the Company and its assigns. 

 

    1 Page 

     

    

 

		B.	Confidential Information. “Confidential Information”
means trade secrets, confidential information, data or any other proprietary information of the Company. By way of illustration,
but not limitation, “Confidential Information” includes (a) information relating to the Company’s technology,
including inventions, ideas, processes, formulas, data, know-how, experimental results and techniques; and (b) information regarding
plans for research, development, new products, marketing and selling, business plans, budgets and unpublished financial statements,
licenses, prices and costs, suppliers and customers and the skills and compensation of the Company’s employees. However,
“Confidential Information” does not include information that is (as demonstrated by written evidence):

 

		1.	already known to the Director at the time of the disclosure;
	 	 	 
		2.	publicly available or becomes publicly available through no breach
of the Director or any party under the Director’s dominion and control;
	 	 	 
		3.	independently developed by the Director; or
	 	 	 
		4.	Rightfully first received by the Director from a third party other
than the Company.

 

		C.	No Conflicting Obligations. The Director represents and warrants
that the Director’s performance of this Agreement and his/her service as a director of the Company do not and will not breach
or conflict with any agreement to which the Director is or becomes a party. 
	 	 	 
		D.	Third-Party Confidential Information. The Director understands
that the Company has received and in the future, will receive from third parties information that is confidential or proprietary
(“Third-Party Information”) subject to a duty on the part of the Company to maintain the confidentiality of
such information and to use it only for certain limited purposes. During the term of this Agreement and thereafter, the Director
will hold Third-Party Information in the strictest confidence and will not disclose or use Third-Party Information except as permitted
by the agreement between the Company and such third party, unless expressly authorized to act otherwise by an officer of the Company
in writing (other than an officer who is also a principal of the Director).

 

	6.	Termination. Any decision by the Company and/or its Board
of Directors to request termination of the Agreement will be made according to policies and procedures in place at the time of
the Agreement’s signing, or as produced by the Company and its Board of Directors in the future. This Agreement shall terminate
automatically on the date the Director documents his/her resignation as a director of the Company. 
	 	 
	7.	Independent Contractor. The Director is hereby engaged as
an independent contractor and not as an employee of the Company. In addition, the Director is providing the services under this
Agreement solely at his/her own direction and under his/her own supervision. Nothing herein shall be construed as creating an employer/employee
relationship between the Company and the Director or placing the parties in a partnership or joint venture relationship. The Director
will not be eligible for any employee benefits, cash bonuses or other commissions. The Director will solely maintain the obligation
to pay any and all taxes connected with compensation paid hereunder.

 

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	8.	General.

 

		A.	Notices. Any notice required or permitted
to be given to one party by the other party pursuant to this Agreement shall be in writing and shall be sent by machine-confirmed
methods or personally delivered or sent by United States mail, certified or registered, return receipt requested, first class postage
and charges prepaid, addressed to the parties as set forth below, or at such other address as shall be designated in writing as
specified above by either party. Notices sent or delivered in person shall be effective on the date of delivery. Notices sent by
United States mail shall be effective on the third business day following its posting.

 

	 	The
    Director: 
	 	8411
    West Oakland Park Blvd.

Suite 201

Fort Lauderdale, FL 33351
	 	 
	 	The
    Company: 
	 	8411
    West Oakland Park Blvd.

Suite 201

Fort Lauderdale, FL 33351

 

		B.	Assignment of Rights and Delegation of Duties. All rights
and duties of the Company under this Agreement shall extend to its successors and assignees.
	 	 	 
		C.	Severable Provisions. The provisions of this Agreement are
severable and if any one or more provisions may be determined to be illegal or otherwise unenforceable, in whole or in part, the
remaining provisions, and any partially enforceable provision to the extent enforceable, shall nevertheless be binding and enforceable.
	 	 	 
		D.	Waiver. The waiver by one party of a breach of any provision
of this Agreement by the other party shall not operate or be construed as a waiver of any previous or subsequent breach of the
same or any other provision by the other party.
	 	 	 
		E.	Entire Agreement. This Agreement constitutes the entire agreement
of the parties with respect to its subject matter, and may not be changed orally, but only by an agreement in writing signed by
the party against whom the enforcement of any waiver, change, modification, extension or discharge is sought.
	 	 	 
		F.	Governing Law. This Agreement is governed in accordance with
the laws (other than choice-of-laws principles) of the State of FL.
	 	 	 
		G.	Miscellaneous. The terms of this Agreement are confidential
and no press release or other written or oral disclosure of any nature regarding the terms of this Agreement shall be made by either
party without the other party’s prior written approval; however, approval for such disclosure shall be deemed given to the
extent such disclosure is required to comply with governmental rules or a valid court order. 

 

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		H.	Counterparts.This Agreement or any subsequent amendment or
modification hereto may be executed by facsimile and/or in one or more counterparts, each of which when so executed and delivered
shall be deemed an original, but all of which taken together shall constitute but one and the same original. Each party shall accept
any such signed and forwarded counterpart as full execution of this Agreement or any subsequent amendment or modification thereto.
	 	 	 
		I.	Pronouns. The pronouns used herein shall include, where appropriate,
either gender or both, singular and plural.
	 	 	 
		J.	Authority. The person(s) executing this Agreement hereby represent
and warrant that each respectively has the authority to execute this Agreement on behalf of the party for which he/she is executing.
	 	 	 
		K.	Descriptive Headings. The descriptive headings used herein
are for convenience of reference only and they are not intended to have any effect whatsoever in determining the rights or obligations
of the parties hereto.

 

IN WITNESS WHEREOF, the parties
hereto have caused this Agreement to be executed by their duly authorized representatives as of the Effective Date.

 

	Director: Dan Oran	 
	 	 
	Signature:		 
	 	 
	Company: Blackpoll Fleet International, Inc.	 
	 	 
	Signature:	 	 
	 	 
	Name: Dan Oran	 
	 	 
	Title: President/CEO	 

 

 

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