Document:

Exhbit 10.32

IHS INC.

2004 LONG-TERM INCENTIVE PLAN

2007 STOCK OPTION AWARD

This Stock Option
Award Document (this “Award Document”) sets forth the terms of a stock option
award given to
                      
(“you”) by IHS Inc. (the “Company”).

Unless
defined in this Option Award (this “Award
Document”), capitalized terms will have the same meanings ascribed
to them in the IHS Inc. 2004 Long-Term Incentive Plan (as may be amended from
time to time, the “Plan”).

Pursuant
to Article 6 of the Plan, you have been granted a non-qualified Option on
the following terms and subject to the provisions of the Plan, which is
incorporated by reference.  In the event
of a conflict between the provisions of the Plan and this Award Document, the
provisions of the Plan will prevail.

	
  Participant:

  	
   

  	
                             

  
	
   

  	
   

  	
   

  
	
  Total Number of Shares Underlying Option:

  	
   

  	
                    Shares

  
	
   

  	
   

  	
   

  
	
  Employee ID:

  	
   

  	
                          

  
	
   

  	
   

  	
   

  
	
  Exercise Price per Share:

  	
   

  	
  $             per
  Share(1)

  
	
   

  	
   

  	
   

  
	
  Grant Date:

  	
   

  	
                           ,
  2007

  
	
   

  	
   

  	
   

  
	
  Expiration Date:

  	
   

  	
                           ,
  2015

  
	
   

  	
   

  	
   

  
	
  Vesting Schedule:

  	
   

  	
   

  

 

By
your signature and the signature of the Company’s representative below, you and
the Company agree that this Option is granted under and governed by the terms
and conditions of the Plan and the terms and conditions set forth in the
attached Exhibit A.  YOU MUST
ACCEPT THIS AWARD WITHIN 90 DAYS OF THE GRANT DATE OR THE AWARD WILL BE
AUTOMATICALLY CANCELLED.

 

	
  RECIPIENT

  	
  IHS INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  
	
  (print name)

  	
  Title:

  	
   

  
				

 

(1)  The Exercise Price, unless otherwise
determined by the Human Resources Committee, is the close price of a Share
reported on the NYSE on the Grant Date.

 2

EXHIBIT A

TERMS AND CONDITIONS OF
THE

2007 STOCK OPTION AWARD

Vesting.

This
Option will vest and become exercisable in accordance with the “Vesting
Schedule” set forth in this Award Document. 
Any portion of this Option that becomes exercisable in accordance with
the foregoing will remain exercisable until the eighth anniversary of the Grant
Date, unless earlier terminated pursuant to the Plan or this Award Document
(including, without limitation, the section below entitled “Termination”).  Prior to the exercise of this Option, you
will not have any rights of a shareholder with respect to such Option or the
Shares subject thereto.

Method of Exercise.

This
Option will be exercisable by (1) delivery of an exercise notice in the
form attached as Exhibit B (the “Exercise
Notice”) (or following any other method approved or accepted by the
Committee in its sole discretion, including, if the Committee so determines, a
cashless (broker-assisted) exercise) and (2) payment therefor pursuant to
Section 6.6 of the Plan.

No
Shares will be delivered pursuant to the exercise of this Option unless the
exercise of this Option and the delivery of such Shares complies with
applicable law.  Assuming such
compliance, for income tax purposes, the Shares will be considered transferred
to you on the date when the Option is exercised with respect to the Shares.

Forfeiture.

In
the event you cease to be __ of the Company (other than resulting from death or
Disability) at any time prior to ________, 20_,    % of this
Option shall vest and be free of restrictions on the date that you cease to be ___
of the Company.  Any portion of this
Option that has not either already vested prior to the date you cease to be __ of
the Company or that does not vest in accordance with the preceding sentence,
shall be forfeited without any consideration, unless the Committee expressly
determines otherwise, and for purposes of Section 4.2 of the Plan, the Shares
underlying such unvested portion of this Option will again be available for
issuance under the Plan.

 A-1
 

Termination.

Upon
termination of your employment  for any
reason (it being understood that you may continue to be employed by the Company
as __________________ or otherwise following the date you cease to be __ of the
Company), then you may exercise this Option within 3 months after the date of
termination (or, in the event of your death or termination due to your
Disability (as defined below), within 12 months after such death or termination
due to your Disability) (such 3-month or 12-month period, the “Option Exercise Period”) to the extent that
this Option is vested on such date in accordance with the terms of this Award
Document; provided, however, in no event will this Option be exercisable after
the Expiration Date.  If this Option (or
any portion of this Option) is exercisable, then, if you (or, if applicable,
such other person who is entitled to exercise this Option) do not exercise this
Option (or such portion) on or prior to the expiration of the Option Exercise
Period, this Option will terminate, and, for purposes of Section 4.2 of the
Plan, the Shares covered by this Option will again be available for issuance under the Plan.  In no event may you exercise this Option
after the Expiration Date.

For
purposes of this Award Document, “Disability”
shall mean a mental or physical illness that entitles you to receive benefits
under the long-term disability plan of the Company or an Affiliate; provided that you remain totally disabled for six (6)
consecutive months.  If you are not
covered by such a plan, “Disability” shall be defined by reference to the
Company’s long-term disability policy as if such policy applied to you.

Change in Control.

In
the event of Change in Control, this Award shall vest in full and be free of
restrictions; and, with respect to Shares covered by all or such portion of
this Option which you exercise on or prior to the effective date of such Change
in Control. you will participate in the acquisition to the extent and in the
same manner as all other stockholders of the Company.

Withholding Taxes.

You
acknowledge that you are required to make acceptable arrangements to pay any
withholding taxes that may be due as a result of receipt of this Award or the
delivery of Shares underlying this Option, and no stock certificate will be
released to you until you have made such arrangements.  These arrangements may include, at the
Company’s discretion, withholding of Shares that otherwise would be released to
you when they are delivered or surrendering of Shares that you already
own.  The FMV of the Shares that are
withheld or that you surrender, if applicable, determined as of the date when
the taxes otherwise would have been withheld in cash, will be applied as a
credit against the taxes.

 A-2
 

Tax Consultation.

By
signing this Award Document, you represent that you have consulted with any tax
consultant(s) you deem advisable in connection with the grant and vesting of
this Option and any purchase or disposition of the Shares underlying this
Option, that you are not relying on the Company or an Affiliate for any tax
advice and that you will hold the Company and its Affiliates harmless from any
and all tax liabilities imposed in connection with the grant and vesting of
this Option and any purchase or disposition of the Shares underlying this
Option.

No Guarantee of Continued Service.

YOU
ACKNOWLEDGE AND AGREE THAT THE VESTING OF THIS OPTION PURSUANT TO THE “VESTING
SCHEDULE” SET FORTH IN THE AWARD DOCUMENT IS EARNED ONLY BY CONTINUING AS AN
EMPLOYEE  AT THE WILL OF THE COMPANY (NOT
THROUGH THE ACT OF BEING HIRED OR BEING GRANTED THIS AWARD).  YOU FURTHER ACKNOWLEDGE AND AGREE THAT THIS
AWARD DOCUMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE “VESTING
SCHEDULE” DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED
EMPLOYMENT  FOR ANY PERIOD OR AT ALL AND
WILL NOT INTERFERE IN ANY WAY WITH YOUR RIGHT OR THE COMPANY’S OR ANY AFFILIATE’S
RIGHT TO DISMISS YOU FROM EMPLOYMENT AT ANY TIME OR FOR ANY REASON NOT
PROHIBITED BY LAW AND WILL NOT CONFER UPON YOU ANY RIGHT TO CONTINUE YOUR
EMPLOYMENT FOR ANY SPECIFIED PERIOD OF TIME.

Data Protection.

You acknowledge and agree
that, for the reasons described below, the Company or any of its Affiliates may
process sensitive personal data about you. 
Such data may include, but shall not be limited to:

·                  Personal
data:  Name, address, telephone
number, fax number, email address, family size, marital status, sex,
beneficiary information, emergency contacts, passport or visa information, age,
language skills, drivers license information, birth certificate and employee
number.

·                  Employment
information:  Curriculum vitae or
resume, wage history, employment references, job title, employment or severance
agreement, plan or benefit enrollment forms and elections and equity
compensation or benefit statements.

 A-3
 

·                  Financial
information:  Current wage and
benefit information, personal bank account number, brokerage account
information, tax related information and tax identification number.

The
Company may, from time to time, process and transfer this or other information
for internal compensation and benefit planning (specifically, for enrollment
purposes in the Plan and the administration of the Plan), to determine training
needs, to develop a global human resource database and to evaluate skill
utilization.

The
legal persons for whom your personal data is intended are the Company, the
outside plan administrator (as selected by the Company from time to time),
legal counsel to the Company (as selected by the Company from time to time),
the accountants for the Company (as selected by the Company from time to time)
and any other person that the Company may find in its administration of the
Plan to be appropriate.  You acknowledge
that you have been informed of your right to access and correct any personal
data by contacting:

Corporate Human
Resources

IHS Inc.

15 Inverness Way
East

Englewood,
Colorado 80112

Telephone No.:
303-397-2383

Facsimile No.:
303-754-3984

E-mail: humanresources@ihs.com

The
Company agrees to ensure that all personal and/or sensitive data that is
transmitted will be kept confidential and used only for legitimate Company
purposes as described above.

You
hereby give your explicit consent to the Company to process any such personal
and/or sensitive data.  You also hereby
provide explicit consent to the Company to transfer any such personal and/or
sensitive data outside of the country in which you work or are employed.

Acquired Rights.

You acknowledge and agree that this Award does not
provide any entitlement to any benefit other than that granted under the Plan.

You further acknowledge that this Award is
discretionary, a one-time benefit, and does not entitle you to future awards of
stock options or other forms of equity-based compensation.

You further acknowledge and agree that any benefits
granted under the Plan are not a part of your base salary, and will not be
considered a part of any

 A-4
 

pension or severance payments in
the event of the termination of your employment for any reason.

If your employment is terminated for any reason, whether
lawfully or unlawfully, you agree that you will not be entitled to any damages
for breach of contract, dismissal or compensation for loss of office or
otherwise to any sum, shares or other benefits to compensate you for the loss
or diminution in value of any actual
or prospective right, benefits or expectation under or in relation to this
Award.

You acknowledge and agree that the benefits
granted under the Plan are entirely at the discretion of the Committee and that
the Committee, subject to Article 19 of the Plan, retains the right to alter,
amend, modify, suspend or terminate the Plan at any time, in its sole
discretion and without notice.

Entire Agreement; Governing Law.

The
Plan and this Award Document constitute the entire agreement of the parties
with respect to the subject matter hereof and supersede in their entirety all
prior undertakings and agreements of the Company and you with respect to the
subject matter hereof.  This Award
Document may not be modified in a manner that impairs your rights heretofore
granted under the Plan, except with your consent.  This Award Document is governed by the laws
of the State of Delaware, excluding any conflicts or choice of law rule or
principle that might otherwise refer construction or interpretation of this
Award Document to the substantive law of another jurisdiction.

BY
SIGNING THE AWARD DOCUMENT, YOU ACKNOWLEDGE

RECEIPT OF A COPY OF THE PLAN AND REPRESENT THAT YOU

ARE FAMILIAR WITH THE TERMS AND CONDITIONS OF THE

PLAN, AND HEREBY ACCEPT THIS AWARD SUBJECT TO ALL

PROVISIONS IN THIS AWARD DOCUMENT AND IN THE PLAN.

YOU HEREBY AGREE TO ACCEPT AS FINAL, CONCLUSIVE AND

BINDING ALL DECISIONS OR INTERPRETATIONS OF THE

COMMITTEE UPON ANY QUESTIONS ARISING UNDER THE PLAN

OR THIS AWARD DOCUMENT.

 A-5

EXHIBIT B

IHS INC. 

2004 LONG-TERM INCENTIVE PLAN

2007
STOCK OPTION AWARD

EXERCISE NOTICE

IHS Inc.

15 Inverness Way East

Englewood, Colorado 80112

Attention:  Senior Vice President
– Global Human Resources

Facsimile No.:   (303) 754-3984

1.             Exercise of Option.  Effective as of today,
                                                             ,
the undersigned (the “Participant”)
hereby elects to exercise the Participant’s option to purchase
                
Shares of the Company under and pursuant to the IHS Inc. 2004 Long-Term
Incentive Plan (as may be amended from time to time, the “Plan”)
and the 2007 Option Award Document dated
                           ,
2007 (the “Award Document”).  Capitalized terms used but not defined in
this Exercise Notice have the meanings given to them under the Plan or the
Award Document, as applicable.

2.             Delivery of Payment.  The Participant herewith delivers to the
Company the full relevant exercise price, plus any amounts required to be
withheld, in respect of such exercise.

3.             Representations of Participant.  The Participant acknowledges that the
Participant has received, read and understood the Plan and the Award Document
and agrees to abide by and be bound by their provisions.

4.             Rights as a Shareholder.  Until the delivery of the Shares (as
evidenced by the appropriate entry on the books of the Company or of a duly
authorized transfer agent of the Company), no right to vote or receive
dividends or any other rights as a shareholder shall exist with respect to such
Shares, notwithstanding this exercise of an Option.  The Shares shall be delivered to the
Participant as soon as practicable after the date of this Exercise Notice.  No adjustment shall be made for a dividend or
other right for which the record date is prior to the date of delivery.

5.             “Stop-Transfer” Orders and Other Restrictions.

(a)           “Stop-Transfer”
Orders.  The Participant agrees that
in order to ensure compliance with the restrictions referred to herein, the
Company

 B-1
 

may issue appropriate “stop-transfer” orders to its
transfer agent, if any, and that, if the Company transfers its own securities,
it may make appropriate notations to the same effect in its own records.

(b)           Refusal
to Transfer.  The Company shall not
be required (i) to transfer on its books any Shares that have been sold or
otherwise transferred in violation of any of the provisions of the Plan, the
Award Document or this Exercise Notice or (ii) to treat as owner of such
Shares or to accord the right to vote or pay dividends to any purchaser or other
transferee to whom such Shares shall have been so transferred.

6.             Successors and Assigns.  The Company may assign any of its rights
under this Exercise Notice to single or multiple assignees, and this Exercise
Notice shall inure to the benefit of the successors and assigns of the
Company.  Subject to the restrictions on
transfer set forth herein, this Exercise Notice shall be binding upon the
Participant and his or her heirs, executors, administrators, successors and
assigns.

7.             Interpretation.  Any dispute regarding the interpretation of
this Exercise Notice shall be reviewed by the Committee.  All decisions of the Committee shall be
final, conclusive and binding on all parties.

8.             Governing Law.  This Exercise Notice is governed by the laws
of the State of Delaware, excluding any conflicts or choice of law rule or
principle that might otherwise refer construction or interpretation of this
Award Document to the substantive law of another jurisdiction.

 B-2
 

9.             Entire Agreement.  The Plan and the Award Document are
incorporated herein by reference.  This
Exercise Notice, the Plan and the Award Document, constitute the entire
agreement of the parties with respect to the subject matter hereof and
supersede in their entirety all prior undertakings and agreements of the
Company and the Participant with respect to the subject matter hereof, and may
not be modified adversely to the Participant’s interest except by means of a
writing signed by the Company and the Participant.

 

	
  Submitted by:

  	
   

  	
  Accepted by:

  
	
   

  	
   

  	
   

  
	
  PARTICIPANT:

  	
   

  	
  IHS INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Signature

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Print Name

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Date Received

  

 

 B-3Exhibit 10.33

IHS INC.

2004 LONG-TERM INCENTIVE PLAN

2007 STOCK OPTION AWARD

This Stock Option
Award Document (this “Award Document”) sets forth the terms of a stock option
award given to                        
(“you”) by IHS Inc. (the “Company”).

Unless
defined in this Option Award (this “Award
Document”), capitalized terms will have the same meanings ascribed
to them in the IHS Inc. 2004 Long-Term Incentive Plan (as may be amended from
time to time, the “Plan”).

Pursuant
to Article 6 of the Plan, you have been granted a non-qualified Option on
the following terms and subject to the provisions of the Plan, which is
incorporated by reference.  In the event
of a conflict between the provisions of the Plan and this Award Document, the
provisions of the Plan will prevail.

	
  Participant:

  	
   

  	
                             

  
	
   

  	
   

  	
   

  
	
  Total Number of Shares Underlying Option:

  	
   

  	
                
  Shares

  
	
   

  	
   

  	
   

  
	
  Employee ID:

  	
   

  	
                             

  
	
   

  	
   

  	
   

  
	
  Exercise Price per Share:

  	
   

  	
  $            per Share(1)

  
	
   

  	
   

  	
   

  
	
  Grant Date:

  	
   

  	
                           ,
  2007

  
	
   

  	
   

  	
   

  
	
  Expiration Date:

  	
   

  	
                           ,
  2015

  
	
   

  	
   

  	
   

  
	
  Vesting Schedule:

  	
   

  	
   

  

 

By
your signature and the signature of the Company’s representative below, you and
the Company agree that this Option is granted under and governed by the terms
and conditions of the Plan and the terms and conditions set forth in the
attached Exhibit A.  YOU MUST
ACCEPT THIS AWARD WITHIN 90 DAYS OF THE GRANT DATE OR THE AWARD WILL BE
AUTOMATICALLY CANCELLED.

 

	
  RECIPIENT

  	
   

  	
  IHS INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (print name)

  	
  Title:

  	
   

  	
   

  
					

 

(1)  The Exercise Price, unless otherwise
determined by the Human Resources Committee, is the close price of a Share
reported on the NYSE on the Grant Date.

 2

EXHIBIT A

TERMS AND CONDITIONS OF
THE

2007 STOCK OPTION AWARD

Vesting.

This
Option will vest and become exercisable in accordance with the “Vesting
Schedule” set forth in this Award Document. 
Any portion of this Option that becomes exercisable in accordance with
the foregoing will remain exercisable until the eighth anniversary of the Grant
Date, unless earlier terminated pursuant to the Plan or this Award Document
(including, without limitation, the section below entitled “Termination”).  Prior to the exercise of this Option, you
will not have any rights of a shareholder with respect to such Option or the
Shares subject thereto.

Method of Exercise.

This
Option will be exercisable by (1) delivery of an exercise notice in the
form attached as Exhibit B (the “Exercise
Notice”) (or following any other method approved or accepted by the
Committee in its sole discretion, including, if the Committee so determines, a
cashless (broker-assisted) exercise) and (2) payment therefor pursuant to
Section 6.6 of the Plan.

No
Shares will be delivered pursuant to the exercise of this Option unless the
exercise of this Option and the delivery of such Shares complies with
applicable law.  Assuming such
compliance, for income tax purposes, the Shares will be considered transferred
to you on the date when the Option is exercised with respect to the Shares.

Termination.

Upon
termination of your employment  for any
reason, then you may exercise this Option within 3 months after the date of
termination (or, in the event of your death or termination due to your
Disability (as defined below), within 12 months after such death or termination
due to your Disability) (such 3-month or 12-month period, the “Option Exercise Period”) to the extent that
this Option is vested on such date in accordance with the “Vesting Schedule”,
provided, however, in no event will this Option be exercisable after the
Expiration Date.  If this Option (or any
portion of this Option) is unvested, then it (or such portion) will be
forfeited without any consideration and, for purposes of Section 4.2 of the
Plan, the Shares covered by this Option (or such portion) will again be available for issuance
under the Plan.  If this Option is
exercisable, then, if you (or, if applicable, such other person who is entitled
to exercise this Option) do not exercise this Option on or prior to the
expiration of the Option Exercise Period, this Option will terminate, and, for
purposes of Section 4.2 of the Plan, the Shares

 A-1
 

covered by this Option will again be available for issuance under
the Plan.  In no event may you exercise
this Option after the Expiration Date.

For
purposes of this Award Document, “Disability”
shall mean a mental or physical illness that entitles you to receive benefits
under the long-term disability plan of the Company or an Affiliate; provided that you remain totally disabled for six (6)
consecutive months.  If you are not
covered by such a plan, “Disability” shall be defined by reference to the
Company’s long-term disability policy as if such policy applied to you.

Change in Control.

In
the event of Change in Control, this Award shall vest in full and be free of
restrictions; and, with respect to Shares covered by all or such portion of
this Option which you exercise on or prior to the effective date of such Change
in Control, you will participate in the acquisition to the extent and in the
same manner as all other stockholders of the Company.

Withholding Taxes.

You
acknowledge that you are required to make acceptable arrangements to pay any
withholding taxes that may be due as a result of receipt of this Award or the
delivery of Shares underlying this Option, and no stock certificate will be
released to you until you have made such arrangements.  These arrangements may include, at the
Company’s discretion, withholding of Shares that otherwise would be released to
you when they are delivered or surrendering of Shares that you already
own.  The FMV of the Shares that are
withheld or that you surrender, if applicable, determined as of the date when
the taxes otherwise would have been withheld in cash, will be applied as a
credit against the taxes.

Tax Consultation.

By
signing this Award Document, you represent that you have consulted with any tax
consultant(s) you deem advisable in connection with the grant and vesting of
this Option and any purchase or disposition of the Shares underlying this
Option, that you are not relying on the Company or an Affiliate for any tax
advice and that you will hold the Company and its Affiliates harmless from any
and all tax liabilities imposed in connection with the grant and vesting of
this Option and any purchase or disposition of the Shares underlying this
Option.

No Guarantee of Continued Service.

YOU
ACKNOWLEDGE AND AGREE THAT THE VESTING OF THIS OPTION PURSUANT TO THE “VESTING
SCHEDULE” SET FORTH IN THE AWARD DOCUMENT IS EARNED ONLY BY CONTINUING AS AN
EMPLOYEE  AT THE WILL OF THE COMPANY (NOT
THROUGH THE ACT OF BEING HIRED OR BEING GRANTED THIS AWARD).  YOU

 A-2
 

FURTHER ACKNOWLEDGE AND AGREE THAT THIS AWARD
DOCUMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE “VESTING SCHEDULE” DO
NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED EMPLOYMENT  FOR ANY PERIOD OR AT ALL AND WILL NOT
INTERFERE IN ANY WAY WITH YOUR RIGHT OR THE COMPANY’S OR ANY AFFILIATE’S RIGHT
TO DISMISS YOU FROM EMPLOYMENT AT ANY TIME OR FOR ANY REASON NOT PROHIBITED BY
LAW AND WILL NOT CONFER UPON YOU ANY RIGHT TO CONTINUE YOUR EMPLOYMENT FOR ANY
SPECIFIED PERIOD OF TIME.

Data Protection

You acknowledge and agree
that, for the reasons described below, the Company or any of its Affiliates may
process sensitive personal data about you. 
Such data may include, but shall not be limited to:

·                  Personal
data:  Name, address, telephone
number, fax number, email address, family size, marital status, sex,
beneficiary information, emergency contacts, passport or visa information, age,
language skills, drivers license information, birth certificate and employee
number.

·                  Employment
information:  Curriculum vitae or
resume, wage history, employment references, job title, employment or severance
agreement, plan or benefit enrollment forms and elections and equity
compensation or benefit statements.

·                  Financial
information:  Current wage and
benefit information, personal bank account number, brokerage account
information, tax related information and tax identification number.

The
Company may, from time to time, process and transfer this or other information
for internal compensation and benefit planning (specifically, for enrollment
purposes in the Plan and the administration of the Plan), to determine training
needs, to develop a global human resource database and to evaluate skill
utilization.

The
legal persons for whom your personal data is intended are the Company, the
outside plan administrator (as selected by the Company from time to time),
legal counsel to the Company (as selected by the Company from time to time),
the accountants for the Company (as selected by the Company from time to time)
and any other person that the Company may find in its administration of the Plan
to be appropriate.  You acknowledge that
you have been informed of your right to access and correct any personal data by
contacting:

 A-3
 

Corporate Human
Resources

IHS Inc.

15 Inverness Way
East

Englewood,
Colorado 80112

Telephone No.:
303-397-2383

Facsimile No.: 303-754-3984

E-mail: humanresources@ihs.com

The
Company agrees to ensure that all personal and/or sensitive data that is
transmitted will be kept confidential and used only for legitimate Company
purposes as described above.

You
hereby give your explicit consent to the Company to process any such personal
and/or sensitive data.  You also hereby
provide explicit consent to the Company to transfer any such personal and/or
sensitive data outside of the country in which you work or are employed.

Acquired Rights

You acknowledge and agree that this Award does not
provide any entitlement to any benefit other than that granted under the Plan.

You further acknowledge that this Award is
discretionary, a one-time benefit, and does not entitle you to future awards of
stock options or other forms of equity-based compensation.

You further acknowledge and agree that any benefits
granted under the Plan are not a part of your base salary, and will not be
considered a part of any pension or severance payments in the event of the
termination of your employment for any reason.

If your employment is terminated for any reason, whether
lawfully or unlawfully, you agree that you will not be entitled to any damages
for breach of contract, dismissal or compensation for loss of office or
otherwise to any sum, shares or other benefits to compensate you for the loss
or diminution in value of any actual
or prospective right, benefits or expectation under or in relation to this
Award.

You acknowledge and agree that the benefits
granted under the Plan are entirely at the discretion of the Committee and that
the Committee, subject to Article 19 of the Plan, retains the right to alter,
amend, modify, suspend or terminate the Plan at any time, in its sole
discretion and without notice.

 A-4
 

Entire Agreement; Governing Law.

The
Plan and this Award Document constitute the entire agreement of the parties
with respect to the subject matter hereof and supersede in their entirety all
prior undertakings and agreements of the Company and you with respect to the
subject matter hereof.  This Award
Document may not be modified in a manner that impairs your rights heretofore
granted under the Plan, except with your consent.  This Award Document is governed by the laws
of the State of Delaware, excluding any conflicts or choice of law rule or
principle that might otherwise refer construction or interpretation of this
Award Document to the substantive law of another jurisdiction.

BY
SIGNING THE AWARD DOCUMENT, YOU ACKNOWLEDGE

RECEIPT OF A COPY OF THE PLAN AND REPRESENT THAT YOU

ARE FAMILIAR WITH THE TERMS AND CONDITIONS OF THE

PLAN, AND HEREBY ACCEPT THIS AWARD SUBJECT TO ALL

PROVISIONS IN THIS AWARD DOCUMENT AND IN THE PLAN.

YOU HEREBY AGREE TO ACCEPT AS FINAL, CONCLUSIVE AND

BINDING ALL DECISIONS OR INTERPRETATIONS OF THE

COMMITTEE UPON ANY QUESTIONS ARISING UNDER THE PLAN

OR THIS AWARD DOCUMENT.

 A-5

EXHIBIT B

IHS INC. 

2004 LONG-TERM INCENTIVE PLAN

2007
STOCK OPTION AWARD

EXERCISE NOTICE

IHS Inc.

15 Inverness Way East

Englewood, Colorado 80112

Attention:  Senior Vice President
– Global Human Resources

Facsimile No.:   (303) 754-3984

1.             Exercise of Option.  Effective as of today,                                      
          the undersigned
(the “Participant”) hereby elects to exercise
the Participant’s option to purchase                 
Shares of the Company under and pursuant to the IHS Inc. 2004 Long-Term
Incentive Plan (as may be amended from time to time, the “Plan”)
and the 2007 Option Award Document dated                   ,
2007 (the “Award Document”).  Capitalized terms used but not defined in
this Exercise Notice have the meanings given to them under the Plan or the
Award Document, as applicable.

2.             Delivery of
Payment.  The Participant herewith
delivers to the Company the full relevant exercise price, plus any amounts
required to be withheld, in respect of such exercise.

3.             Representations of
Participant.  The Participant
acknowledges that the Participant has received, read and understood the Plan
and the Award Document and agrees to abide by and be bound by their provisions.

4.             Rights as a
Shareholder.  Until the delivery of
the Shares (as evidenced by the appropriate entry on the books of the Company
or of a duly authorized transfer agent of the Company), no right to vote or
receive dividends or any other rights as a shareholder shall exist with respect
to such Shares, notwithstanding this exercise of an Option.  The Shares shall be delivered to the
Participant as soon as practicable after the date of this Exercise Notice.  No adjustment shall be made for a dividend or
other right for which the record date is prior to the date of delivery.

5.             “Stop-Transfer”
Orders and Other Restrictions.

(a)           “Stop-Transfer”
Orders.  The Participant agrees that
in order to ensure compliance with the restrictions referred to herein, the
Company

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may issue appropriate “stop-transfer” orders to its
transfer agent, if any, and that, if the Company transfers its own securities,
it may make appropriate notations to the same effect in its own records.

(b)           Refusal
to Transfer.  The Company shall not
be required (i) to transfer on its books any Shares that have been sold or
otherwise transferred in violation of any of the provisions of the Plan, the
Award Document or this Exercise Notice or (ii) to treat as owner of such
Shares or to accord the right to vote or pay dividends to any purchaser or
other transferee to whom such Shares shall have been so transferred.

6.             Successors and
Assigns.  The Company may assign any
of its rights under this Exercise Notice to single or multiple assignees, and
this Exercise Notice shall inure to the benefit of the successors and assigns
of the Company.  Subject to the
restrictions on transfer set forth herein, this Exercise Notice shall be
binding upon the Participant and his or her heirs, executors, administrators,
successors and assigns.

7.             Interpretation.  Any dispute regarding the interpretation of
this Exercise Notice shall be reviewed by the Committee.  All decisions of the Committee shall be
final, conclusive and binding on all parties.

8.             Governing Law.  This Exercise Notice is governed by the laws
of the State of Delaware, excluding any conflicts or choice of law rule or
principle that might otherwise refer construction or interpretation of this
Award Document to the substantive law of another jurisdiction.

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9.             Entire Agreement.  The Plan and the Award Document are
incorporated herein by reference.  This
Exercise Notice, the Plan and the Award Document, constitute the entire
agreement of the parties with respect to the subject matter hereof and
supersede in their entirety all prior undertakings and agreements of the
Company and the Participant with respect to the subject matter hereof, and may
not be modified adversely to the Participant’s interest except by means of a
writing signed by the Company and the Participant.

 

	
  Submitted by:

  	
   

  	
  Accepted by:

  
	
   

  	
   

  	
   

  
	
  PARTICIPANT:

  	
   

  	
  IHS INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Signature

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Print Name

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Date Received

  

 

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