SEC Contract Filing

Filing Date: 2024-06-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>12
<FILENAME>ea020740901ex10-4_qxoinc.htm
<DESCRIPTION>QXO, INC. CHARTERED AIRCRAFT USE POLICY
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.4</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;<IMG SRC="ex10-4_001.jpg" ALT=""></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">QXO, Inc.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Chartered Aircraft Use Policy</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Effective as of June 6, 2024</P>

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<P STYLE="text-align: justify; font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">PURPOSE</P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This policy sets forth general guidelines by QXO, Inc. (the &ldquo;<U>Company</U>&rdquo;)
for the use of private aircraft chartered or otherwise provided by the Company. Use of chartered aircraft can provide advantages in terms
of time, security and productivity and can further the business interests of the Company. For purposes of this policy, &ldquo;<U>chartered
aircraft</U>&rdquo; shall mean aircraft leased or chartered or otherwise provided by the Company, or another affiliate of the Company,
for approved use by the officers and senior executives of the Company.</P>

<P STYLE="text-align: justify; font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">POLICY</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify; width: 0.5in">1.</TD><TD STYLE="text-align: justify"><B><I>Business Use for CEO</I></B>.</TD></TR></TABLE>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">(a) The Chief Executive Officer will be
permitted to use chartered aircraft for all travel with a business purpose.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">(b) &ldquo;<U>Business purpose</U>&rdquo;
means activity integrally and directly related to the performance of the role of a senior executive or other service provider, and is
intended to be consistent with existing guidance from the Securities and Exchange Commission (&ldquo;<U>SEC</U>&rdquo;) with respect to
the determination of perquisites.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">Examples of travel for business purposes
include, but are not limited to travel to attend meetings with current and potential investors, employees, customers, vendors, acquisition
targets and financing sources; travel to attend conferences related to Company business or Company relationships, such as potential customers,
clients, financing sources, acquisition targets; travel to attend the meetings with the Board of Directors and Committees of the Board
of Directors of the Company; travel in connection with the Company&rsquo;s strategic planning initiatives and meetings with advisors;
and other travel that generally furthers the business purposes of the Company.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">For the avoidance of doubt, (i) the definition
of &ldquo;<U>business purpose</U>&rdquo; is intended to be consistent with the SEC guidance on the business usage of aircraft, as in effect
from time to time, and (ii) the mere fact that a passenger also accomplishes a personal goal or receives a personal benefit shall not
preclude the travel from being deemed for business purposes, provided the accomplishment of the personal goal or receipt of a personal
benefit is incidental to the overall business-related purpose of the trip.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">Business purpose shall not include commuting
or travel between the residence of a senior executive or other service provider and that individual&rsquo;s primary place of providing
services.</P>

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