Exhibit 10.2

 

     JOHN L. JACOBS      EXECUTIVE VICE PRESIDENT      WORLDWIDE MARKETING AND
FINANCIAL PRODUCTS

 

June 22, 2005

 

Mr. Craig S. Donohue

Executive Vice President and

Chief Administrative Officer

CME

30 S. Wacker Drive

Chicago, IL 60606

 

Re: Agreement for Nasdaq-100 Index, Nasdaq Composite Index and Nasdaq
Biotechnology Index Related Derivative Products

 

Dear Mr. Donohue:

 

The purpose of this letter is to amend the Agreement for Nasdaq-100 Index® and
Nasdaq Composite Index Related Derivative Products executed by The Nasdaq Stock
Market, Inc. (“Nasdaq”) and CME effective October 2003, as amended, April 2005
(“Agreement”).

 

Specifically, as you may be aware, Nasdaq has commenced the dissemination of a
new Nasdaq Official Opening Price (“NOOP”) value for the Nasdaq-100 Index®,
Nasdaq Composite Index® and Nasdaq Biotechnology Index® (collectively, the
“Indexes”). The new NOOP value, using a unitary opening price procedure,
replaces the volume weighted opening prices referenced in Section 7.1 of the
Agreement, and will be used to settle derivatives on the Indexes beginning with
the June expiration.

 

As a result, Section 7.1 of the Agreement shall be deleted in its entirety and
shall be replaced with the following:

 

7.1 At no cost to Licensee other than the Fees, Nasdaq or its agent shall
compute and provide to Licensee the Opening Settlement Value of the Index on the
day following the last trading day immediately prior to final settlement of the
relevant Options Contracts traded on Licensee’s market. The term “Opening
Settlement Value” shall mean the Index Value derived using a Unitary Opening
Price Procedure, such as the Nasdaq Official Opening Price. If an
Index-component security does not open for trading on The Nasdaq Stock Market on
that day, then the reported sale price for the security last received and
processed by Nasdaq shall be used to calculate the Opening Settlement Value. The
term “Unitary Opening Price Procedure” shall mean a methodology, practice,
procedure, or mechanism used by Nasdaq to generate opening prices for
Index-component securities that involves gathering, processing and executing
buying and selling interest in Index-component securities at one price at the
opening of trading on The Nasdaq Stock Market.

 

For ease of review, I have attached to this Amendment Letter a redlined version
of Section 7.1 that clearly shows the changes made with the new language to the
terms of the original Section 7.1.

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Please confirm your acceptance of these changes by executing this Amendment
Letter where indicated below and returning the original to me.

 

As always, should you have any questions or concerns, please do not hesitate to
contact me directly.

 

Very truly yours,

/s/ John L. Jacobs

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John L. Jacobs

 

Agreed and Accepted: Chicago Mercantile Exchange, Inc. (“Licensee”) By:  

/s/ C.S. Donohue

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Name:   Craig Donohue Title:   CEO     Authorized Officer Date:   6/24/05