Confidential Treatment Requested by CBOT Holdings, Inc.

 

Exhibit 10.3

 

EXECUTION

 

SECOND AMENDED AND RESTATED

 

MANAGED SERVICES AGREEMENT

 

This Second Amended and Restated Managed Services Agreement (this “Agreement”),
dated as of December 15, 2005 is between ATOS EURONEXT MARKET SOLUTIONS LIMITED,
a company incorporated in England and Wales (“AEMS”), and BOARD OF TRADE OF THE
CITY OF CHICAGO, INC., a Delaware corporation (the “CBOT”). Capitalized terms
used but not otherwise defined herein shall have the meanings ascribed thereto
in Section 1.

 

RECITALS

 

A. LIFFE Administration and Management, a company incorporated in England and
Wales (“LIFFE”), devised and developed an automated derivatives trading and
order matching system known as “LIFFE CONNECT®” to facilitate the trading of
certain securities, futures, and options contracts.

 

B. LIFFE and the CBOT have heretofore entered into (i) a Software License
Agreement, dated as of January 10, 2003 (the “Original SLA”), whereby LIFFE
agreed to grant to the CBOT a license in respect of the Software, and
(ii) Amendment No. 1 to the Software License Agreement, dated as of April 23,
2004, permitting the CBOT to offer [**] futures and options on futures for
trading via the Licensed Technology.

 

C. LIFFE and the CBOT also entered into a Development Services Agreement, dated
as of March 5, 2003 (the “Development Services Agreement”), whereby LIFFE agreed
to provide to the CBOT a variety of services supporting the creation and
implementation of LIFFE CONNECT as a platform for the CBOT Electronic Exchange,
including the procurement and/or delivery to locations agreed upon by the
Parties of hardware necessary to support the Software, testing of Software,
assistance with the CBOT’s acceptance testing, training of CBOT staff in respect
of certain Components, and assisting the CBOT in providing Market Participants
with technical access to the CBOT Electronic Exchange.

 

D. As of May 13, 2003, LIFFE and the CBOT entered into a Managed Services
Agreement (the “Original MSA”), pursuant to which LIFFE agreed to provide to the
CBOT a variety of information technology, operational, and other services
supporting the ongoing operation of LIFFE CONNECT as a platform for the CBOT
Electronic Exchange.

 

E. LIFFE and the CBOT additionally entered into a Relocation Services Agreement,
dated as of August 15, 2003 (the “Relocation Services Agreement”), whereby LIFFE
agreed to establish a LIFFE data centre in a specified location in Chicago,
Illinois, and, commencing upon a yet to be determined date, provide to the CBOT
a variety of additional services supporting the creation, implementation and
future operation of such data centre.

 

F. Subsequent to the execution of the agreement described above, the CBOT
requested that LIFFE (i) permit the CBOT to utilize the Trading System to host
electronic trading of certain derivatives

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

 

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

products listed by the Minneapolis Grain Exchange, The Board of Trade of Kansas
City, Missouri, Inc. and Winnipeg Commodity Exchange Inc., a wholly owned
subsidiary of WCE Holdings Inc. (collectively, the “Initial Hosted Exchanges”),
and (ii) provide the CBOT various services in relation to such hosting (the
“Initial Hosting Arrangement”).

 

G. As of August 3, 2004, LIFFE and the CBOT entered into an Amended and Restated
Software License Agreement (the “First Amended SLA”) to accommodate the Initial
Hosting Arrangement, incorporate into the main body of such document the
applicable terms of Amendment No. 1 to the Software License Agreement, and
effect other amendments to the Original SLA agreed by LIFFE the CBOT.

 

H. LIFFE and the CBOT additionally entered into an Amended and Restated Managed
Services Agreement as of August 3, 2004 (the “First Amended MSA”) to accommodate
the Initial Hosting Arrangement and effect additional amendments to the Original
MSA agreed by LIFFE and the CBOT.

 

I. As of July 22, 2005, LIFFE, AEMS and the CBOT entered into each of the
following agreements: (a) that certain SLA Release and Novation Agreement (the
“SLA Novation”), pursuant to which (i) LIFFE assigned to AEMS all of LIFFE’s
rights, title and interest in and to the First Amended SLA, and all of LIFFE’s
obligations and liabilities under the First Amended SLA (excluding any such
right, title, interest, obligations or liabilities arising under First Amended
SLA Section 3.2.2 and Part 3 of Schedule I of the First Amended SLA), and
(ii) the CBOT fully discharged LIFFE from the performance of all of LIFFE’s
duties and obligations under the First Amended SLA (excluding any such right,
title, interest, obligations or liabilities arising under First Amended SLA
Section 3.2.2 and Part 3 of Schedule I of the First Amended SLA) and substituted
AEMS as the CBOT’s counterparty to the First Amended SLA; and (b) that certain
MSA Release and Novation Agreement (the “MSA Novation”), pursuant to which
(i) LIFFE assigned to AEMS all of LIFFE’s rights, title and interest in and to
the First Amended MSA, and all of LIFFE’s obligations and liabilities under the
First Amended MSA, and (ii) the CBOT fully discharged LIFFE from the performance
of all of LIFFE’s duties and obligations under the First Amended MSA and
substituted AEMS as the CBOT’s counterparty to the First Amended MSA.

 

J. Subsequent to the execution of the First Amended SLA, the First Amended MSA,
the SLA Novation and the MSA Novation, the CBOT requested that AEMS (a) permit
the CBOT to utilize the Trading System to host electronic trading of certain
derivatives products listed by (i) a division of the Singapore Exchange
Derivatives Trading Limited (“SGX-DT”) or (ii) the as yet unnamed joint venture
between the CBOT and SGX-DT (“CBOT/SGX-DT Joint Venture”), and (b) provide to
the CBOT various services in relation to such hosting (the “Singapore Hosting
Arrangement”).

 

K. As of the Second Amended MSA Effective Date, AEMS and the CBOT are entering
into an Amendment No. 1 to the Amended and Restated Software License Agreement
to accommodate the Singapore Hosting Arrangement.

 

L. AEMS and the CBOT now wish to amend and restate the First Amended MSA to
(a) reflect AEMS’s status as a Party pursuant to the MSA Novation;
(b) accommodate the Singapore Hosting Arrangement; and (c) (i) provide for
Software Changes requested by the CBOT to be incorporated in a Material New
Software Release developed by AEMS; (ii) update the Service Targets, Service
Thresholds and the CBOT Electronic Exchange Parameters as set out in Schedule A;
(iii) amend the provisions relating to Equipment Uplifts and Schedule H
accordingly; (iv) amend some of the charging provisions of

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

Schedule M; and (v) incorporate various payment obligations and other relevant
provisions from the Relocation Services Agreement, which agreement was
terminated by agreement of the Parties in MSA Change Request 098, all with
effect from the Second Amended MSA Effective Date.

 

M. This Agreement is supplemental to and shall be read in conjunction with the
Software License Agreement and, to the extent applicable, the Development
Services Agreement.

 

In consideration of the recitals and the mutual covenants and agreements
hereinafter set forth, the Parties hereto (each a “Party” and collectively the
“Parties”) agree as follows:

 

AGREEMENT

 

1. Definitions

 

In this Agreement, the following expressions shall mean, respectively:

 

“AAA” shall have the meaning set forth in Section 20.3.

 

“AAA Rules” shall have the meaning set forth in Section 20.3.

 

“AEMS Data Centre Disaster Recovery Service” shall have the meaning set forth in
Section 2.3(c).

 

“AEMS Indemnitees” shall have the meaning set forth in Section 18.2.

 

“AEMS’s Project Manager” shall have the meaning set forth in Schedule D.

 

“AEMS Project Personnel” means the individuals engaged by AEMS to perform its
obligations under this Agreement.

 

“AEMS Property” shall have the meaning set forth in Section 15.1.

 

“Affiliate” means any Person that, directly or indirectly, controls, is
controlled by or is under common control with a specified Person.

 

“Agreement” shall have the meaning set forth above.

 

“Amendment No. 9” shall have the meaning set forth in Section 25.

 

“API” means the LIFFE CONNECT application programming interface from a Trading
Application to the Trading Host.

 

“AQS Service” shall have the meaning set forth in Section 2.2(e).

 

“Arbitration Fees” shall have the meaning set forth in Section 20.3.7.

 

“Audit Data” shall have the meaning set forth in Section 2.2(g).

 

“Audit Data Interface Service” shall have the meaning set forth in
Section 2.2(g).

 

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

“Business Day” means any calendar day other than any Saturday, Sunday, U.S. bank
holiday, and U.K. public or bank holiday.

 

“Call” shall mean any notification, inquiry, request or other communication
relating to the CBOT Electronic Exchange, whether conveyed in person or via
telephone, email, or other media.

 

“Call Management Service” shall have the meaning set forth in Section 2.3(a).

 

“Call Record” means that information relating to a Call as is required by AEMS
and logged into HEAT in such format as is specified by AEMS.

 

“CBOT Call Management Procedures” shall have the meaning set forth in
Section 3.1.

 

“CBOT Controlled Sites” means those Equipment Installation Sites comprising the
CBOT’s Premises and premises owned or controlled by Market Participants
(including any Hosted Exchange and any Hosted Exchange Participant).

 

“CBOT Electronic Exchange” means the electronic facility for the trading of
(a) derivatives products listed from time to time by the CBOT in its capacity as
a derivatives exchange, and (b) Hosted Products.

 

“CBOT Electronic Exchange Parameters” means those parameters for the CBOT
Electronic Exchange agreed upon by the Parties and set forth in Paragraph 5 of
Schedule A.

 

“CBOT Indemnitees” shall have the meaning set forth in Section 18.1.

 

“CBOT Market Data” means any representation that conveys, either directly or
indirectly, information and data pertaining to futures and/or options traded on
the CBOT Electronic Exchange including, but not limited to, market prices of
such futures or options on futures, trade prices, opening and closing price
ranges, high-low points, settlement prices, estimated and actual contract
volume, information regarding market activity including off-exchange trades,
best bid, best offer, the size of the best bid or best offer or a discrete
number of best bids and best offers then pending on the CBOT Electronic
Exchange, along with the corresponding size of each bid and offer.

 

“CBOT Marketing Materials” shall have the meaning set forth in Section 9.1.

 

“CBOT Matching Engine Service” shall have the meaning set forth in
Section 2.2(a).

 

“CBOT Member” means any Person authorized by the CBOT to trade on the CBOT
Electronic Exchange, excluding any Hosted Exchange Member who is not authorized
by the CBOT to trade CBOT Products.

 

CBOT Parties” shall have the meaning set forth in Section 18.2(b).

 

“CBOT’s Premises” means those locations owned or controlled by the CBOT,
including such locations used by the CBOT for disaster recovery for CBOT
Technology.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

“CBOT Products” means those products, other than Hosted Products, listed on the
CBOT Electronic Exchange.

 

“CBOT’s Project Manager” means the individual designated by the CBOT to be
responsible on behalf of the CBOT for the day-to-day management of the CBOT’s
obligations under the Agreement.

 

“CBOT Property” shall have the meaning set forth in Section 15.2.

 

“CBOT Rules” shall have the meaning set forth in Section 7.5.

 

“CBOT/SGX-DT Joint Venture” shall have the meaning set forth in Recital J above.

 

“CBOT Technology” means, collectively, (i) any software or equipment (other than
Equipment) or other technology that is (a) owned by the CBOT, (b) licensed to
the CBOT by a Person other than AEMS, or (c) used by a clearing organization to
process or clear contracts traded on the CBOT Electronic Exchange and neither
owned by nor licensed to AEMS or any Person acting on AEMS’s behalf; and
(ii) any Hosted Exchange Technology.

 

“Change Control Procedures” shall have the meaning set forth in Section 2.6.

 

“Change Management Service” shall have the meaning set forth in Section 2.3(d).

 

“Change Request” shall have the meaning set forth in Section 2.6.

 

“Charge Rates” shall have the meaning set forth in Schedule M.

 

“Charges” shall have the meaning set forth in Section 11.1.

 

“Chicago Based Support” shall have the meaning set forth in Section 2.3(h).

 

“Chicago Based Support Fee” shall have the meaning set forth in Schedule M.

 

“Claim” shall have the meaning set forth in Section 18.1.

 

“Components” means those software applications identified in Part 1 of Schedule
B hereto.

 

“Confidential Information” shall have the meaning set forth in Section 16.1.

 

“Connect Key Management Facility Service” shall have the meaning set forth in
Section 2.2(c).

 

“Connection Services Charges” shall have the meaning set forth in Schedule M.

 

“Control” or “control” means the possession, direct or indirect, of fifty
percent (50%) or more of the equity interests of another Person or the power
otherwise to direct or cause the direction of the management and policies of
such other Person, whether through ownership of voting securities, by contract
or otherwise.

 

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

“Core Network” means the shared service comprising data circuits and hardware,
including routers, repeaters, hubs, cabinets, monitors, and telecommunication
lines, used to provide connectivity between (i) AEMS data centres and
(ii) points of presence in London, Chicago, New York, Paris, Amsterdam, and
those locations agreed by the Parties, to which points of presence connectivity
to Equipment Installation Sites will be provided.

 

“Core Network Maintenance Fee” shall have the meaning set forth in Schedule M.

 

“Core Network Maintenance Service” shall have the meaning set forth in
Section 2.4(d).

 

“Data Centre 3” shall have the meaning set forth in Schedule B.

 

“Data Centre 3 Core Network Maintenance Fee” shall have the meaning set forth in
Schedule M.

 

“Data Centre 3 Core Network Maintenance Service” shall have the meaning set
forth in Section 2.4(e).

 

“Data Centre 3 Equipment and Data Centre Maintenance Fee” shall have the meaning
set forth in Schedule M.

 

“Data Centre 3 Equipment and Data Centre Maintenance Service” shall have the
meaning set forth in Section 2.4(c).

 

“Data Storage Management Service” shall have the meaning set forth in
Section 2.3(e).

 

“Development Services Agreement” shall have the meaning set forth in Recital C
above.

 

“Disaster” means an Incident in which one or more of the AEMS data centre
facilities hosting the Managed Services has been so severely disrupted as to
preclude, in AEMS’s reasonable judgment, any prospect of providing the affected
Managed Services from such data centre(s) in accordance with the Service
Targets.

 

“Disputes” shall have the meaning set forth in Section 20.1.

 

“Documentation” means, collectively, (i) the documentation set forth in Part 2
of Schedule B, and (ii) any operating manuals, user instructions, technical
literature, and other documentation supplied by AEMS to the CBOT and/or any
Hosted Exchange or Market Participant for purposes of assisting use of and/or
access to the Software.

 

“Effective Date” shall be the Go Live Date.

 

“Equipment” means the computer hardware, including processors, memory, discs,
screens, printers, routers, and hubs to be used with the Software, as provided
in accordance with either this Agreement, the Development Services Agreement or
the Relocation Services Agreement.

 

“Equipment and Data Centre Maintenance Fee” shall have the meaning set forth in
Schedule M.

 

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

“Equipment and Data Centre Maintenance Service” shall have the meaning set forth
in Section 2.4(b).

 

“Equipment Changes” shall have the meaning set forth in Section 5.1.3.

 

“Equipment Installation Sites” shall mean, collectively, (i) the locations
identified on Schedule D to the Development Services Agreement, as may be
amended from time to time, and (ii) such other locations as may be agreed by the
Parties.

 

“Equipment Services Charges” shall have the meaning set forth in Schedule M.

 

“Equipment Uplifts” shall have the meaning set forth in Section 5.1.1.

 

“Escrow Agreement” shall have the meaning set forth in the Software License
Agreement.

 

“eSpeed” means eSpeed, Inc., a corporation organized and existing under the laws
of the State of Delaware, having a place of business at 110 East 59th Street,
New York, New York 10022.

 

“eSpeed Covenants” shall have the meaning set forth in the Software License
Agreement.

 

“Exclusions” shall have the meaning set forth in Section 3.2.3.

 

“First Amended MSA” shall have the meaning set forth in Recital H above.

 

“First Amended MSA Effective Date” shall mean August 3, 2004.

 

“First Amended SLA” shall have the meaning set forth in Recital G above.

 

“Force Majeure Event” means any cause beyond a Party’s reasonable control,
including, but not limited to, any flood, riot, fire, judicial or governmental
action, act of war or terrorism, and labor disputes.

 

“Go Live Date” means November 23, 2003.

 

“Governance Committee” shall have the meaning set forth on Schedule C.

 

“Guaranty” shall have the meaning set forth in the Software License Agreement.

 

“HEAT” shall have the meaning set forth in Section 2.3(a).

 

“Holdings” shall have the meaning set forth in Section 25.

 

“Hosted Exchanges” shall mean the Initial Hosted Exchanges, SGX-DT and/or
CBOT/SGX-DT Joint Venture. Notwithstanding any provision of this Agreement to
the contrary, at no time shall the CBOT simultaneously host, using the Licensed
Technology, the electronic trading of any derivative products of SGX-DT and the
CBOT/SGX-DT Joint Venture. In the event the CBOT elects to host electronic
trading of SGX-DT, such exchange shall be the sole Singapore-based Hosted
Exchange until such time as the CBOT delivers to AEMS written notice that
CBOT/SGX-DT Joint Venture shall replace SGX-DT as a Hosted Exchange.

 

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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“Hosted Exchange Member” means any Person authorized by a Hosted Exchange to
trade Hosted Products via the CBOT Electronic Exchange.

 

“Hosted Exchange Participant” means any Hosted Exchange Member, ISV, QV,
clearing organization or other Person who participates in, accesses or obtains
information from a Hosted Exchange via an Interface with the Equipment. For the
avoidance of doubt, (i) unless otherwise specified by the Parties in writing,
that clearing organization designated by a Hosted Exchange is not a Hosted
Exchange Participant; and (ii) a Person who interfaces with CBOT Technology, but
does not interface with the Equipment via an Interface, is not a Hosted Exchange
Participant.

 

“Hosted Exchange Technology” means collectively, any software or equipment
(other than Equipment) or other technology that is (i) owned by a Hosted
Exchange, (ii) licensed to a Hosted Exchange by a Person other than the CBOT or
AEMS, or (iii) used by a clearing organization to process or clear Hosted
Products and neither owned by the CBOT or AEMS nor licensed to the CBOT or AEMS
or any Person acting on their behalf.

 

“Hosted Products” shall have the meaning set forth in the Software License
Agreement.

 

“Hosting Agreements” shall have the meaning set forth in the Software License
Agreement.

 

“Hosting Fees” shall have the meaning set forth in the Software License
Agreement.

 

“Hosting Services” shall have the meaning set forth in the Software License
Agreement.

 

“ICDR” shall have the meaning set forth in Section 20.3.

 

“IMAC Service” shall have the meaning set forth in Section 2.2(l).

 

“Incident” means an act or omission that impacts the Managed Services in a
materially adverse manner.

 

“Incident Management Service” shall have the meaning set forth in
Section 2.3(b).

 

“Independent Software Vendors” and “ISVs” mean those independent software
providers who develop systems via which access to the Trading Host.

 

“Initial Hosted Exchanges” shall have the meaning set forth in Recital F above.

 

“Initial Hosting Arrangement” shall have the meaning set forth in Recital F
above.

 

“Initial Term” shall have the meaning set forth in Section 12.1.

 

“Interfaces” means, collectively, the following Components: API, Trade Data
Interface, Audit Data Interface, Standing Data Interface, Market Data Interface
and Miscellaneous File Transfer Interface.

 

“Interface Sublicense Agreement” shall have the meaning set forth in the
Software License Agreement.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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“IRS” shall have the meaning set forth in Section 11.3.

 

“License” shall have the meaning set forth in Section 2 of the Software License
Agreement.

 

“Licensed Technology” means, collectively, (a) the object code versions of the
Software and (b) the Documentation, licensed to the CBOT pursuant to the
Software License Agreement.

 

“LIFFE” shall have the meaning set forth in Recital A above.

 

“LIFFE CONNECT” means the electronic trading platform which is proprietary to
LIFFE, as such trading platform may be modified from time to time.

 

“LIFFE CONNECT Logo” means LIFFE’s registered mark “LIFFE CONNECT and Design,”
depicted in Schedule L.

 

“Losses” shall have the meaning set forth in Section 18.1.

 

“M&C Export Data” means a file containing information (i) produced, upon
request, by the M&C Observer and (ii) transmitted to the CBOT via the
Miscellaneous File Transfer Interface.

 

“Maintenance Services” shall have the meaning set forth in Section 2.4.

 

“Malicious Code” means any computer virus, Trojan horse, worm, time bomb, or
other similar code or hardware component designed to disrupt the operation of,
permit unauthorized access to, erase, or modify the Licensed Technology or any
operating system upon which the Licensed Technology is installed, excluding
security keys or other disabling elements of any Software, which elements are
designed to effect restrictions on the length of time during which any Software
may be used or the number of persons who may use such Software.

 

“Managed IT Services” shall have the meaning set forth in Section 2.2.

 

“Managed Services” shall have the meaning set forth in Section 2.1.

 

“Managed Services Fee” shall have the meaning set forth in Schedule M.

 

“Managed Support Services” shall have the meaning set forth in Section 2.3.

 

“Market Data Interface Service” shall have the meaning set forth in
Section 2.2(i).

 

“Market Participant” means any CBOT Member, ISV, QV, clearing organization,
Hosted Exchange, Hosted Exchange Participant or other Person who participates
in, accesses or obtains information from the CBOT Electronic Exchange via an
Interface with the Equipment. For the avoidance of doubt, (a) unless otherwise
specified by the Parties in writing, that clearing organization designated by
the CBOT or a Hosted Exchange is not a Market Participant; and (b) a Person who
interfaces with the CBOT Technology, but does not interface with the Equipment
via an Interface, is not a Market Participant.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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“Market Participant Testing” shall have the meaning set forth in the Development
Services Agreement.

 

“Marks” shall have the meaning set forth in Section 9.2.

 

“Material New Software Release” shall have the meaning set forth in
Section 4.1.1.

 

“MCC” means one or more of the CBOT’s Monitoring and Control Centres.

 

“MCC Monitoring and Control Service” shall have the meaning set forth in
Section 2.2(b).

 

“Media” means the media on which the Software and the Documentation are recorded
or printed, as provided by AEMS to the CBOT.

 

“Miscellaneous File Transfer Interface Service” shall have the meaning set forth
in Section 2.2(j).

 

“Monitoring Tools” means screen displays, as agreed by the Parties, to monitor
activity on the CBOT Electronic Exchange, as agreed by the Parties.

 

“Monitoring Tools Service” shall have the meaning set forth in Section 2.2(d).

 

“MSA Novation” shall have the meaning set forth in Recital I above.

 

“New Software Releases” shall have the meaning set forth in Section 4.1.1.

 

“New Terms” shall have the meaning set forth in Section 12.2.

 

“Non-Restricted Documentation” means all Documentation other than Restricted
Documentation, including the Documentation identified in Part 2(a) of Schedule
B.

 

“OIA” means the CBOT’s Office of Investigations and Audits.

 

“OIA Monitoring and Control Service” shall have the meaning set forth in
Section 2.2(b).

 

“On-Site” shall have the meaning set forth in Section 3.2.2.

 

“Original MSA” shall have the meaning set forth in Recital D above.

 

“Original SLA” shall have the meaning set forth in Recital B above.

 

“Out of Pocket Expenses” shall have the meaning set forth in Section 11.1(k).

 

“Party” and “Parties” shall have the meanings set forth above.

 

“Payment Date” shall have the meaning set forth in Section 11.4.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

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“Person” means an individual or a partnership, corporation, limited liability
company, trust, joint venture, joint stock company, association, unincorporated
organization, government agency or political subdivision thereof, or other
entity.

 

“Program Services” shall have the meaning set forth in Section 2.1.

 

“Program Services Charges” shall have the meaning set forth in Schedule M.

 

“Quote Vendors” and “QVs” mean those vendors who receive and disseminate, or
wish to receive and disseminate, CBOT Market Data via an Interface with the
Equipment.

 

“Registration Statement” shall have the meaning set forth in Section 25.

 

“Relationship Manager” means that individual responsible on behalf of AEMS or
the CBOT, as applicable, for the day to day management of the relationship
between AEMS and the CBOT.

 

“Release Notes” means a summary of any changes applicable to a New Software
Release, including a description of additions, enhancements or corrections to
existing functionality, together with a list of known bugs and bug fixes
applicable to such New Software Release.

 

“Relocation Services Agreement” shall have the meaning set forth in Recital E
above.

 

“Renewal Term” shall have the meaning set forth in Section 12.2.

 

“Replacements” means, collectively, replacements, improvements, enhancements,
additions and modifications to and of any Equipment or any portion thereof.

 

“Replacement Value” means all Losses associated with replacing and/or repairing
Equipment, including the installation and commissioning of replacement
technology and removal and disposal of existing equipment.

 

“Restricted Documentation” means Documentation that was designated by LIFFE as
“LIFFE Restricted” or is designated by AEMS as “AEMS Restricted” or otherwise
specified by LIFFE (prior to the MSA Novation) or AEMS to be restricted,
including the Documentation set forth in Part 2(b) of Schedule B.

 

“Schematics” means, collectively, (i) the schematics stated in the following
documents set forth in Schedule P hereto: CONNECT for CBOT Logical Architecture
V2.0 and CBOT Core Network Infrastructure – Logical Network Schematic V1.0, and
(ii) any amendments thereto agreed upon by the Parties. The Schematics are, by
their nature, high level and are not intended to provide detailed architectural
specifications.

 

“SEC” shall have the meaning set forth in Section 25.

 

“Second Amended MSA Effective Date” means December 15, 2005.

 

“Service Management Service” shall have the meaning set forth in Section 2.3(f).

 

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“Service Period” means that time period, agreed upon by the Parties, [**]

 

“Services” shall have the meaning set forth in Section 2.1.

 

“Service Target” means the targeted level of performance of a Managed Service
during the applicable Service Period, as set forth in Paragraph 4 of Schedule A.
Each Service Target is defined within the context of one or more Service
Thresholds.

 

“Service Threshold” means that limit, agreed upon by the Parties, in respect of
a Managed Service, beyond which the Service Target(s) for such Managed Service
may be adversely impacted. The Service Thresholds for each applicable Managed
Service are set forth in Paragraph 4 of Schedule A.

 

“Service Time” means the scheduled availability of a Managed Service during a
Trading Day, expressed as the (i) schedule start time of the Managed Service,
(ii) scheduled close time of the Managed Service, and (iii) number of minutes
per Trading Day the Managed Service is scheduled to be available, as shown in
Paragraph 4 of Schedule A.

 

“SGX-DT” shall have the meaning set forth in Recital J above.

 

“Singapore Hosting Arrangement” shall have the meaning set forth in Recital J
above.

 

“SLA Novation” shall have the meaning set forth in Recital I above.

 

“Software” means, collectively, (i) the Components, and (ii) any improvements,
enhancements, additions, and modifications to or of the foregoing as AEMS may
provide to the CBOT under this Agreement.

 

“Software Change” shall have the meaning set forth in Section 4.2.

 

“Software License Agreement” shall mean the First Amended SLA as amended by
Amendment No. 1 to the Amended and Restated Software License Agreement.

 

“Software Maintenance Fee” shall have the meaning set forth in Schedule M.

 

“Software Maintenance Service” shall have the meaning set forth in
Section 2.4(a).

 

“Specifications” shall have the meaning set forth in the Development Services
Agreement.

 

“Standing Data” means data (including information relating to contracts,
traders, and prices) required prior to the commencement of each Trading Day [**]
as Schedule A-4 to the Development Services Agreement.

 

“Standing Data Interface Service” shall have the meaning set forth in
Section 2.2(f).

 

“Summary Statement of Work” shall have the meaning set forth in Section 2.7.

 

“Superseded Versions” shall have the meaning set forth in Section 4.3.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

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“Sun Guaranty” means that Guaranty entered into between Sun Microsystems, Inc.
and the CBOT as of September 8, 2003, as such agreement may be modified or
amended from time to time.

 

“Sun Lease” means that Master Lease Agreement entered into between Sun
Microsystems, Inc. and LIFFE as of September 26, 2003, as such agreement may be
modified or amended from time to time.

 

“System Software” shall have the meaning set forth in Section 5.3.4(c).

 

“Taxes” shall have the meaning set forth in Section 11.3.

 

“Technical Conformance Service” shall have the meaning set forth in
Section 2.2(k).

 

“Technical Conformance Testing” shall have the meaning set forth in the
Development Services Agreement.

 

“Termination Costs” shall have the meaning set forth in Schedule M.

 

“Third Party Materials” means any equipment, hardware, software, and/or other
products obtained from any third party (excluding any such products obtained
from any subcontractor or agent of AEMS in connection with the performance by
such subcontractor or agent of Services hereunder).

 

“Tower Changes Charges” shall have the meaning set forth in Schedule M.

 

“Tower Release” shall have the meaning set forth in Section 4.6.1.

 

“Trade Data” means information relating to orders that are (i) [**].

 

“Trade Data Interface Service” shall have the meaning set forth in
Section 2.2(h).

 

“Trading Application” means any front-end trading application or other software
which interfaces with, and has been conformed with, the API.

 

“Trading Day” means any calendar day, measured by U.S. Central Time, other than
Christmas Day (December 25) or New Year’s Day (January 1); any Saturday or
Sunday; or any other day the CBOT designates as a trading holiday.

 

“Trading Host” means the LIFFE CONNECT Matching Engine (a/k/a the CBOT Matching
Engine) as may be developed for the CBOT pursuant to the Development Services
Agreement and/or this Agreement, and used on such Equipment as AEMS may specify
from time to time.

 

“Trading System” means LIFFE CONNECT as modified, pursuant to the Development
Services Agreement and/or this Agreement, for use as a platform for the CBOT
Electronic Exchange.

 

“Transition Period” shall have the meaning set forth in Section 14.3.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

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“Upgrades” means, collectively, improvements, enhancements, additions and
modifications to or of the Licensed Technology, or any portion thereof, which
AEMS specifies for use and/or access as Licensed Technology.

 

“U.S.” means the United States of America.

 

“Wagner/eSpeed Patent” means U.S. Letter Patent No. 4,903,201 (the ‘201 patent).

 

“Wagner License” shall have the meaning set forth in Section 17.2.

 

“Wide Area Network Router” means a router that provides access to and from the
Core Network.

 

2. Services

 

2.1 Overview. During the term of this Agreement, AEMS shall use reasonable
efforts to provide to the CBOT (a) managed information technology services and
managed support services, as further detailed in Sections 2.2 and 2.3 and in
Schedule A (collectively, the “Managed Services”); (b) the Maintenance Services;
and (c) (i) any Software Changes agreed via a Change Request and, upon the
Parties’ agreement, set out in a Summary Statement of Work; and (ii) any other
services relating to the operation of the CBOT Electronic Exchange described
herein or agreed via a Change Request (collectively, the “Program Services” and,
together with the Managed Services and the Maintenance Services, the
“Services”).

 

2.2 Managed Information Technology Services. AEMS shall use reasonable efforts
to provide the following managed information technology services (collectively,
the “Managed IT Services”) in accordance with the relevant Service Times and
Service Targets set forth in Schedule A. Subject to Section 2.5, AEMS shall have
no obligation to meet (but shall continue to use reasonable efforts to provide
the Managed IT Services in accordance with) a Service Target (i) for as long as
a relevant Service Threshold or CBOT Electronic Exchange Parameter is exceeded,
and (ii) for the duration of the impact upon the Managed Services of such
exceeded Service Threshold or CBOT Electronic Exchange Parameter in a manner
that impedes AEMS’s ability to meet the Service Targets. The Components
specified in this Section 2.2 have been licensed to the CBOT pursuant to the
Software License Agreement and are set out in Schedule B.

 

  (a) provision of and [**];

 

  (b) provision of [**] (“MCC Monitoring and Control Service”) and (ii) OIA
(“OIA Monitoring and Control Service”);

 

  (c) provision of the [**] (“Connect Key Management Facility Service”);

 

  (d) provision of [**], as agreed by the Parties (“Monitoring Tools Service”);

 

  (e) provision of [**] (“AQS Service”);

 

  (f) provision and [**] (“Standing Data Interface Service”);

 

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  (g) provision and [**] (“Audit Data Interface Service”);

 

  (h) delivery from the [**] (“Trade Data Interface Service”);

 

  (i) delivery from the [**] (“Market Data Interface Service”);

 

  (j) delivery from [**] (“Miscellaneous File Transfer Interface Service”);

 

  (k) assisting the CBOT, as agreed by the Parties, in [**] (“Technical
Conformance Service”); and

 

  (l) provision of a service to [**] (“IMAC Service”).

 

2.3 Managed Support Services. AEMS shall use reasonable efforts to provide the
CBOT the following managed support services (collectively, the “Managed Support
Services”), in accordance with the relevant Service Times and Service Targets.
Subject to Section 2.5, AEMS shall have no obligation to meet (but shall
continue to use reasonable efforts to provide the Managed Support Services in
accordance with) a Service Target (i) for as long as a relevant Service
Threshold or CBOT Electronic Exchange Parameter is exceeded, and (ii) for the
duration of the impact upon the Managed Services of such exceeded Service
Threshold or CBOT Electronic Exchange Parameter in a manner that impedes AEMS’s
ability to meet the Service Targets;

 

  (a) provision of [**] in accordance with any relevant guidelines as may be
agreed upon by the Parties, as further detailed in Section 3.2 (“Call Management
Service”);

 

  (b) provision of a service to [**], as further detailed in Section 3.2 and
(y) notify the CBOT of those activities undertaken (“Incident Management
Service”);

 

  (c) provision of a service [**], as further detailed in Section 3.2 and
(ii) notify the CBOT of those activities undertaken (“AEMS Data Centre Disaster
Recovery Service”);

 

  (d) prior notification, within a reasonable period of time (or if prior
notification is not reasonably practicable, prompt notification), [**] (“Change
Management Service”);

 

  (e) [**] (“Data Storage Management Service”);

 

  (f) management of AEMS’s delivery of the Managed Services and the Maintenance
Services in accordance with Schedule C, including:

 

  (i) [**]

 

  (ii) [**] (“Service Management Service”);

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

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  (g) [**]

 

  (h) provision of [**] (“Chicago Based Support”).

 

2.4 Maintenance Services. AEMS shall use reasonable efforts to provide the CBOT
the following maintenance services (collectively, the “Maintenance Services”):

 

  (a) ongoing maintenance of the Software sufficient to enable AEMS to deliver
the Managed IT Services in accordance with Service Targets and the CBOT
Electronic Exchange Parameters, and including the provision of any New Software
Releases in accordance with Section 4.1 (“Software Maintenance Service”).

 

  (b) ongoing maintenance of the Equipment, other than the Equipment in respect
of Data Centre 3, and of AEMS data centres hosting the Managed Services, other
than Data Centre 3, sufficient to enable AEMS to deliver the Managed IT Services
in accordance with (i) the Service Targets, (ii) the CBOT Electronic Exchange
Parameters, and (iii) any applicable guidelines issued from time to time by the
respective manufacturers or suppliers of such Equipment, including the provision
of Replacements in accordance with Section 5.1.2 (“Equipment and Data Centre
Maintenance Service”);

 

  (c) ongoing maintenance of Data Centre 3 and the Equipment in respect of Data
Centre 3 sufficient to enable AEMS to deliver the Managed IT Services in
accordance with (i) the Service Targets, (ii) the CBOT Electronic Exchange
Parameters, and (iii) any applicable guidelines issued from time to time by the
respective manufacturers or suppliers of such Equipment, including the provision
of Replacements in accordance with Section 5.1.2 (“Data Centre 3 Equipment and
Data Centre Maintenance Service”);

 

  (d) ongoing maintenance of the Core Network with respect to AEMS data centres
other than Data Centre 3 sufficient to enable AEMS to deliver the Managed IT
Services in accordance with (i) the Service Targets, (ii) the CBOT Electronic
Exchange Parameters, and (iii) any applicable guidelines issued from time to
time by the respective manufacturers or suppliers of those data circuits and
hardware comprising the Core Network (“Core Network Maintenance Service”); and

 

  (e) ongoing maintenance of the Core Network with respect to Data Centre 3
sufficient to enable AEMS to deliver the Managed IT Services in accordance with
(i) the Service Targets, (ii) the CBOT Electronic Exchange Parameters, and
(iii) any applicable guidelines issued from time to time by the respective
manufacturers or suppliers of those data circuits and hardware comprising the
Core Network (“Data Centre 3 Core Network Maintenance Service”).

 

2.5 Service Targets. Notwithstanding any provision herein to the contrary, AEMS
shall not be responsible for any Service Target that is not met to the extent
such failure to meet such Service Target is caused by any applicable CBOT
Electronic Exchange Parameters and/or Service Thresholds having been exceeded.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

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2.6 Change Control Procedures. Any requests of either Party for material changes
to the nature or scope of the Services to be performed after the Effective Date
must be (a) made according to the change control procedures set forth in
Schedule D hereto (“Change Control Procedures”); and (b) agreed to in writing by
both Parties, in the form of the “Change Request Form” set forth in Appendix 2
to Schedule D (each such duly completed and executed Change Request Form, a
“Change Request”). Each Change Request shall be incorporated in and subject to
the terms and conditions of this Agreement.

 

2.7 Summary Statements of Work. In the event a Change Request provides for
AEMS’s delivery hereunder of a Software Change, upon the Parties’ agreement, the
Parties shall agree upon and execute a summary statement of work in the form of
the Master Summary Statement of Work set forth in Schedule E hereto (each such
duly executed Summary Statement of Work, a “Summary Statement of Work”). Each
Summary Statement of Work shall be incorporated in and subject to the terms and
conditions of this Agreement. Subject to Section 4.6, all services to be
provided pursuant to a Summary Statement of Work will constitute “Program
Services” hereunder.

 

2.8 Site. Except as otherwise provided in this Agreement or as otherwise agreed
by the Parties, the Services will be performed at AEMS’s offices or at such
other locations as AEMS deems appropriate. AEMS agrees that when any AEMS
Project Personnel are present on the CBOT’s Premises, such AEMS Project
Personnel shall use good faith efforts to comply with the CBOT’s Acceptable Use
and Harassment Policies as set forth in Schedule F.

 

2.9 Subcontractors. AEMS may appoint subcontractors and agents to carry out the
whole or any part of its obligations hereunder; provided, however, that (a) AEMS
shall provide the CBOT the name of any individual AEMS has appointed as its
subcontractor or agent hereunder whose primary residence is located in the
United States and whose activities are to be undertaken at the CBOT’s Premises,
prior to such individual undertaking such activities, and the CBOT shall have
the right, in its reasonable discretion, to deny access to the CBOT’s Premises
to such individual; provided, further, however, that (i) AEMS shall not be
responsible for any delays or other consequences resulting from any such denial
and (ii) the CBOT shall indemnify and hold AEMS, its Affiliates, and the
officers, directors, employees, agents and representatives of AEMS and its
Affiliates harmless from and against any and all Losses reasonably incurred or
suffered as a result of such denial; and (b) AEMS shall notify the CBOT of the
identity of any subcontractor entity whose primary residence is located in the
United States and whose activities are to be undertaken at locations other than
the CBOT’s Premises. For the avoidance of doubt, AEMS shall not have an
obligation to notify the CBOT of (x) any individual or subcontractor entity
whose primary residence is located outside the United States or (y) any
individual whose activities are to be undertaken at any site other than the
CBOT’s Premises.

 

2.10 Quality of Services. AEMS shall use good faith efforts to ensure that the
AEMS Project Personnel engaged in carrying out the Services shall have the
skills, experience, qualifications and knowledge necessary to perform the
Services assigned to such AEMS Project Personnel. AEMS shall use (and shall
require its subcontractors to use) reasonable skill and care in carrying out the
Services and shall use good faith efforts to comply with all applicable laws and
regulations in the performance of its obligations under this Agreement.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

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2.11 Delays. AEMS shall not be responsible for any delays or other consequences
arising from any failure by the CBOT to perform, or any delay by the CBOT in
performing, any of its obligations under this Agreement.

 

3. Support

 

3.1 CBOT’s Support Obligations. The CBOT shall provide Market Participants
first-line support regarding the Managed Services by responding to Calls from
Market Participants in accordance with the procedures set forth in Paragraph 1
of Schedule G hereto (the “CBOT Call Management Procedures”). In addition, the
CBOT shall comply with the Call Management Procedures in respect of all Calls
from CBOT personnel, or subcontractors or agents of the CBOT, relating to AEMS’s
delivery of the Services.

 

3.2 AEMS’s Support Obligations.

 

  3.2.1 General Obligations. Following AEMS’s receipt of any Call, AEMS shall,
as part of the Call Management Service, assess the nature of the subject matter
of any Call Record routed to AEMS and handle the Call in accordance with those
procedures set forth in Paragraph 2 of Schedule G and the applicable Service
Targets set forth in Paragraph 4.2 of Schedule A, subject to the associated
Service Thresholds and applicable CBOT Electronic Exchange Parameters.

 

  3.2.2 Incidents. If AEMS determines a Call Record identifies an Incident, AEMS
shall (a) classify the Incident as (i) a Disaster or, in respect of Incidents
other than Disasters, as (ii) Severity 1, 2, 3 or 4, in accordance with the
criteria set forth in Paragraph 4.1.4 of Schedule A, and (b) initiate the AEMS
Data Centre Disaster Recovery Service or the Incident Management Service, as
appropriate. Such AEMS Data Centre Disaster Recovery Service or Incident
Management Service will be provided (a) remotely, via telephone or on-line,
(b) at CBOT Controlled Sites, (c) at such other locations as AEMS deems
appropriate, or (d) at premises where any Equipment, Software or Core Network
components to which the relevant Incident likely relates may be located
(“On-Site”), upon the CBOT’s reasonable request. Notwithstanding the foregoing,
in the event that the CBOT requests a Service be provided On-Site and AEMS
reasonably believes that the same or substantially similar level of service can
be provided remotely, then AEMS shall be required to provide such Service
On-Site only upon the CBOT’s written agreement to pay to AEMS (i) fees for the
time expended by AEMS in connection with such on-site Service, calculated in
accordance with the Charge Rates; and (ii) all associated Out of Pocket
Expenses.

 

  3.2.3 Scope of Managed Support Services. Unless otherwise expressly stated
herein or agreed upon by the Parties (AEMS’s agreement not to be unreasonably
withheld), AEMS shall have no obligation to provide (a) the Call Management
Service in respect of any Call that does not relate to AEMS’s delivery of the
Managed Services; or (b) any Managed Support Services with respect to any
Disaster, other Incident, or other act or omission AEMS reasonably determines
was caused by:

 

  (i) the modification of the Licensed Technology, or the Equipment or any
portion of the Core Network by any Person other than AEMS or a subcontractor or
agent of AEMS, unless such modification was made at AEMS’s direction, with
AEMS’s consent, or pursuant to the Escrow Agreement;

 

 

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  (ii) integration of Software, in whole or in part, by any Person other than
AEMS or a subcontractor or agent of AEMS, with any software other than a Trading
Application for which a trader key or view only key has been issued following
Market Participant Testing;

 

  (iii) use of the Software, the Equipment, or the Core Network in a manner or
form that is in contravention of this Agreement, the Software License Agreement
and/or the Development Services Agreement, or, in respect of Market
Participants, an Interface Sublicense Agreement;

 

  (iv) any other failure by the CBOT to perform its obligations under this
Agreement, the Development Services Agreement or the Software License Agreement;
or

 

  (v) Trading Applications, CBOT Technology, other CBOT Property, property of
any Market Participant or any other technology, excluding the Software, the
Equipment, and the Core Network, unless such technology has been (i) provided by
or on behalf of AEMS, or (ii) expressly approved by AEMS. For the avoidance of
doubt, AEMS’s assistance with Market Participant Testing, AEMS’s assistance with
Technical Conformance Testing, and AEMS’s performance of the Technical
Conformance Service do not constitute AEMS’s “approval” of Trading Applications
or other technology for purposes of this Section 3.2.3.

 

(Sections 3.2.3(i) to 3.2.3(v), collectively, the “Exclusions”).

 

  3.2.4 Services Outside Scope. In the event that (a) the CBOT routes to AEMS
any Call that AEMS reasonably determines does not relate to AEMS’s delivery of
the Managed Services, or (b) subject to Paragraph 2.2 of Schedule G, AEMS
otherwise provides any Managed Support Services with respect to any act or
omission AEMS reasonably determines was caused by an Exclusion, then (i) the
CBOT shall pay to AEMS (x) fees for the time expended by AEMS in connection with
such Managed Support Services, calculated in accordance with the Charge Rates;
and (y) all associated Out of Pocket Expenses and (ii) AEMS shall have no
obligation to provide such Managed Support Services in accordance with the
Service Targets.

 

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

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4. Maintenance

 

4.1 New Software Releases.

 

  4.1.1 Overview. From time to time and in AEMS’s sole discretion, AEMS may
develop Upgrades to one or more of the Components (“New Software Releases”), and
may offer to provide such New Software Releases to the CBOT and/or Market
Participants, as applicable. A New Software Release may include a material
modification of [**] (a “Material New Software Release”). During the Initial
Term, AEMS shall offer to provide a minimum of [**] Material New Software
Releases to the CBOT. For the avoidance of doubt, any New Software Release
comprised only of bug fixes shall not constitute a Material New Software
Release.

 

  4.1.2 Release Notes. Prior to making any Material New Software Release
available to the CBOT and/or any Market Participant, AEMS shall provide the CBOT
[**] months prior written notice of such Material New Software Release, which
notice will include the Release Notes applicable thereto .

 

  4.1.3 Implementation. Once a New Software Release is offered to the CBOT, then
the CBOT shall have the right to elect to implement such New Software Release.
Upon such election, the New Software Release shall be deemed “Software” for
purposes of this Agreement. The implementation of all New Software Releases,
including all Material New Software Releases, shall be addressed via a Change
Request, which shall include those acceptance procedures set out in Paragraph 3
of Schedule E (for such purposes, the term “New Software Releases” shall be
substituted for “Software Changes”). The CBOT shall implement Material New
Software Releases in a manner that ensures that the CBOT is no more than [**]
Material New Software Releases behind those made available by AEMS for one or
more entities using LIFFE CONNECT to facilitate trading of certain securities,
futures, and option contracts. Notwithstanding the foregoing, in the event that
AEMS offers to provide [**] Material New Software Releases to the CBOT within a
[**] calendar month period, then the CBOT may elect to be [**] Material New
Software Releases behind; provided that, the Software Maintenance Fee (excluding
Tower Changes Charges) for the period during which the CBOT is [**] Material New
Software Releases behind shall be increased by [**].

 

4.2 Software Changes. Any Upgrade to one or more Components that is requested by
the CBOT (“Software Change”) shall be provided only upon, and in accordance
with, (a) the Parties’ agreement via a Change Request, and (b) as the Parties
deem appropriate, a Summary Statement of Work. The CBOT shall incorporate,
and/or require all Market Participants receiving the Software Change to
incorporate, such Software Change into the Trading System in accordance with the
terms of the relevant Change Request and/or Summary Statement of Work, as
applicable. For the avoidance of any doubt, “Software Change” does not include
(i) any Software provided pursuant to the IMAC Service or (ii) any New Software
Release.

 

 

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4.3 Superseded Versions. Upon incorporation into the Trading System of a New
Software Release or a Software Change, the CBOT shall (a) promptly return to
AEMS or, with AEMS’s prior written consent, destroy and certify as destroyed,
the version of the Component(s) superseded by such Upgrade and all copies
thereof (the “Superseded Version”) in the CBOT’s possession and/or control, and
(b) require each Market Participant to promptly return to AEMS or, with AEMS’s
prior written consent destroy and certify as destroyed, any Superseded Version
in such Market Participant’s possession and/or control.

 

4.4 Scope of Maintenance Services. Unless otherwise expressly stated herein or
agreed upon by the Parties (AEMS’s agreement not to be unreasonably withheld),
AEMS shall have no obligation to provide the Maintenance Services in respect of
any Exclusion.

 

4.5 Services Outside Scope. In the event that AEMS provides any Maintenance
Services in respect of any Exclusion, then the CBOT shall pay to AEMS (i) fees
for the time expended by AEMS in connection with Maintenance Services in respect
of any Exclusion, calculated in accordance with the Charge Rates; and (ii) all
associated Out-of-Pocket Expenses.

 

4.6 Tower Release.

 

  4.6.1 Introduction. AEMS agreed to incorporate certain Software Changes
requested by the CBOT in a Material New Software Release developed by AEMS,
which Material New Software Release (including such Software Changes) has been
dubbed the “Tower Release.” The Parties acknowledge that they varied the
requirements stated in Sections 2.7, 4.1 and 4.2 to accommodate this combined
development effort. Specifications for, and development and testing of, the
Software Changes to be incorporated in the Tower Release were memorialized in a
Change Request, supported by a Summary Statement of Work. Any and all subsequent
modifications to the specifications for such Software Changes, or the
development or testing of such Software Changes, will be made according to the
Change Control Procedures, in accordance with Section 2.6.

 

  4.6.2 Fees. In consideration of the development and testing in respect of the
Tower Release, the Software Maintenance Fee owed to AEMS shall be increased by
the amounts specified in Paragraph 2.1 of Schedule M.

 

  4.6.3 Implementation. The CBOT implemented the Tower Release, which shall be
deemed “Software” for purposes of this Agreement. AEMS’s services in regard to
such implementation, addressed via Change Request, will be charged and billed as
Program Services, in accordance with Section 11.1(j) and Paragraph 5 of Schedule
M attached hereto.

 

5. Equipment

 

5.1 Replacements.

 

  5.1.1

Equipment Uplifts. Under the Original MSA and the First Amended MSA as part of
the Equipment and Data Centre Maintenance Service, LIFFE and/or AEMS

 

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procured certain Replacements and System Software (“Equipment Uplifts”). In
2006, the Parties shall confer to determine (i) those CBOT Electronic Exchange
Parameters and Service Thresholds applicable during the portion of the term of
this Agreement subsequent to December 31, 2006, and (ii) whether any additional
Replacements or functional upgrades to System Software are necessitated by any
amended CBOT Electronic Exchange Parameters and/or Service Thresholds. In the
event the Parties agree upon any such future Equipment Uplifts, the Parties
shall address procurement and installation of such Equipment Uplifts via a
Change Request. Such Equipment Uplifts are deemed “Equipment” and “System
Software” as appropriate, for the purposes of this Agreement.

 

  5.1.2 Replacements. As part of the Equipment and Data Centre Maintenance
Service and/or the Data Centre 3 Equipment and Data Centre Maintenance Service,
AEMS may, at its option, replace Equipment or components thereof with other
equipment or components which are substantially similar to the Equipment being
replaced or improvements, enhancements, additions or modifications to such
Equipment; provided that AEMS shall provide the CBOT prior notification (or if
prior notification is not feasible, prompt notification) and an opportunity for
testing of any Replacements, where the Parties agree that testing is necessary.
All such Replacements will thereafter be deemed “Equipment” for purposes of this
Agreement.

 

  5.1.3 Equipment Changes. Any Replacements requested by the CBOT (“Equipment
Changes”) shall be procured, delivered and installed only upon, and in
accordance with the Parties’ agreement via a Change Request. Any such Equipment
Changes provided by AEMS hereunder will be deemed “Equipment” for purposes of
this Agreement. For the avoidance of any doubt, “Equipment Changes” does not
include any Equipment provided pursuant to the IMAC Service.

 

5.2 Disablement and Repossession.

 

  5.2.1 At AEMS’s Option. AEMS may, at its option, disable and/or repossess
Equipment; provided that AEMS will not disable and/or repossess Equipment
located at a CBOT Controlled Site without either (a) reasonable cause and
(b) providing prior notice to the CBOT, to the extent reasonably practicable.
Notwithstanding the foregoing, AEMS shall, to the extent reasonably practicable,
provide the CBOT prior notice of any disablement or repossession of Equipment at
a CBOT Controlled Site.

 

  5.2.2 At the CBOT’s Request. AEMS shall disable and/or repossess Equipment
from any CBOT Controlled Sites as reasonably requested by the CBOT, at the
CBOT’s cost.

 

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5.3 Responsibilities of the CBOT.

 

  5.3.1 Access. The CBOT shall provide (or require a Market Participant to
provide, as applicable) AEMS such access as AEMS may reasonably request to all
CBOT Controlled Sites:

 

  (a) for purposes of installing any Replacements;

 

  (b) to enable AEMS or its designee to carry out its rights and
responsibilities under Section 5.2;

 

  (c) to enable AEMS or its designee to inspect Equipment or any portion
thereof: (i) to determine whether the CBOT is complying or has complied with its
obligations under this Agreement; and/or (ii) to facilitate AEMS’s efforts to
remedy any defect or error in such Equipment; and

 

  (d) to enable AEMS or its designee to disable and/or remove Equipment or any
portion thereof: (i) if the CBOT has failed, or is failing, to comply with its
obligations under this Agreement; and/or to (ii) facilitate AEMS’s efforts to
remedy any defect or error in such Equipment.

 

  5.3.2 Prior to Installation. In connection with each installation of Equipment
at a CBOT Controlled Site, the CBOT shall, at no expense to AEMS and by such
date(s) and at such time(s) as AEMS may reasonably request, (a) permit (or
require a Market Participant to permit) AEMS or its designee to inspect such
CBOT Controlled Site prior to the delivery of any Equipment thereto; (b) make
(or require a Market Participant to make) such modifications, alterations or
additions to such CBOT Controlled Site as AEMS may reasonably request; and
(c) provide (or require a Market Participant to provide) AEMS with any further
assistance and facilities as AEMS may reasonably request, including
(i) preparing suitable accommodation and environmental conditions for such
Equipment and (ii) making available any equipment, software, ancillary plant,
fittings, electrical power supply and other facilities sufficient to meet all
reasonable requirements of AEMS.

 

  5.3.3 Following Installation. With respect to all Equipment located at a CBOT
Controlled Site, the CBOT shall (and shall require each Market Participant to)
maintain at all times the accommodation, environment and facilities for the
Equipment as may be reasonably specified by AEMS from time to time.

 

  5.3.4 Restrictions on Use.

 

  (a) All Equipment. With respect to all Equipment, the CBOT agrees, and shall
require each Market Participant to agree:

 

  (i) not to, and not to permit any other Person (including any Market
Participant) to, without the prior written consent of AEMS, combine the
Equipment with any equipment, software, or other technology (other than Licensed
Technology or other technology approved by AEMS); or

 

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  (ii) not to, and not to permit any other Person (including any Market
Participant) to, without the prior written consent of AEMS, repossess or disable
any Equipment; provided, however, that the CBOT may repossess or disable
Equipment on CBOT Controlled Sites as may be necessary in conjunction with the
CBOT’s monitoring and control of the CBOT Electronic Exchange;

 

  (iii) not to, and not to permit any other Person (including any Market
Participant) to, create any lien or other encumbrance on the Equipment or any
part or parts thereof or do any act (x) which might jeopardize or prejudice the
rights of AEMS or its suppliers in the Equipment or any portion thereof or
(y) which might reasonably be expected to result in the Equipment being
confiscated, seized, requisitioned, taken in execution, impounded or otherwise
taken from the possession of the CBOT or any Market Participant, as applicable;
and

 

  (iv) to use or interface with the Equipment only in accordance with applicable
manufacturers’ recommendations.

 

  (b) Located at or Accessible from CBOT Controlled Sites. With respect to all
Equipment located at or accessible from any CBOT Controlled Site, the CBOT
agrees, and shall require each Market Participant to agree:

 

  (i) not to, and not to permit any other Person (including any Market
Participant) to, interfere or tamper with, alter, amend or modify the Equipment
or any part or parts thereof without the prior written consent of AEMS;

 

  (ii) not to, and not to permit any other Person (including any Market
Participant) to, move the Equipment or any portion thereof from the CBOT’s
Premises without the prior written consent of AEMS; and

 

  (iii) not to, and not to permit any other Person (including any Market
Participant) to, interfere or tamper with any serial numbers, identity plates,
trademarks, proprietary notices or other designations, including those of AEMS
or AEMS’s suppliers, on the Equipment or any portion thereof; and

 

  (c) Software. With respect to all software embedded in or otherwise included
within the Equipment (“System Software”), the CBOT agrees not to, and not to
permit any other Person (including any Market Participant) to:

 

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  (i) copy, modify, duplicate, decompile, reverse engineer, disassemble or
otherwise reduce to a humanly perceivable form, make any attempt to discover the
source code of, create derivative works based on, market, sell, provide or make
available to any third party, otherwise distribute, or translate the System
Software, except as expressly provided herein;

 

  (ii) remove or alter in any manner any trademarks, trade names, copyright
notices or other proprietary or confidentiality notices or designations, of the
CBOT or other Person, contained or displayed in or on the System Software; or

 

  (iii) upload any computer virus, Trojan horse, worm, time bomb, or other
similar code or hardware designed to disrupt the operation of, permit
unauthorized access to, erase, or modify the System Software or Equipment, or
otherwise use the System Software to further any purpose which is illegal.

 

  5.3.5 Insurance. With respect to all Equipment located at any CBOT Controlled
Site, the CBOT agrees either to (a) arrange to insure the Equipment
comprehensively against all insurable risks with a reputable insurance company,
on terms satisfactory to AEMS (naming AEMS as a beneficiary), or (b) accept all
liability for the Equipment; in each case for the full Replacement Value
thereof, from and including the date on which the Equipment or any portion
thereof is delivered to the CBOT Controlled Site, until such time as the
Equipment is either returned to or repossessed by AEMS. Where the Equipment has
been insured by an insurance company, the CBOT shall, at the request of AEMS,
provide to AEMS either a copy of the relevant portion of such insurance policy
or a written certificate evidencing the currency of the same.

 

  5.3.6 Market Participants.

 

  5.3.6.1 Interface Sublicense Agreement. Prior to the installation of any
Equipment on premises owned or controlled by any Person wishing to become a
Market Participant, the CBOT shall require such Person to enter into an
Interface Sublicense Agreement.

 

  5.3.6.2 Enforcement. The CBOT shall:

 

  (a) promptly upon becoming aware of such actions, provide AEMS written notice
of (i) any violation by a Market Participant or any other Person of the
restrictions set forth in Section 5.3.4; and (ii) any other acts or omissions of
any Person which the CBOT believes (x) might jeopardize or prejudice the rights
of AEMS or its suppliers in the Equipment; (y) may result in the Equipment being
confiscated, seized, requisitioned, taken in execution, impounded or otherwise
taken from any location; or (z) threaten the security or operation of the
Equipment; and

 

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  (b) promptly upon becoming aware of (i) any claim, demand, or cause of action
brought against the CBOT by a Market Participant or any other Person, or any
subpoena served upon the CBOT or (ii) any employee, officer or director thereof,
which relates to the Equipment or any component thereof, provide AEMS written
notice of such claim, demand, cause of action or subpoena.

 

  5.3.7 Change Notification. The CBOT shall provide AEMS’s Project Manager prior
written notice (or, if prior written notice is not reasonably practicable,
immediate written notification) of (a) any changes to the physical environment
(i) at CBOT’s Premises in which Equipment and/or Software operate (e.g.
maintenance or shutdowns of power supply or temperature control devices), and
(ii) to the extent that the CBOT is aware, at any other CBOT Controlled Site in
which Equipment and/or Software operate; and (b) any changes to, relocations of,
or maintenance of any CBOT Technology that interfaces with Software and/or
Equipment.

 

5.4 Responsibilities of AEMS.

 

  5.4.1 Liens. In the event any Equipment is confiscated, seized, requisitioned,
taken in execution, impounded or otherwise taken from the possession of AEMS as
a result of AEMS permitting a third party lien or other encumbrance to be placed
on such Equipment (excluding any such lien or other encumbrance established in
connection with the procurement of such Equipment), AEMS shall, at AEMS’s
expense, replace such Equipment. Such Replacements will thereafter be deemed
“Equipment” for purposes of this Agreement.

 

  5.4.2 Upgrades and Replacements. Except as expressly provided in this
Agreement, nothing herein shall require AEMS to (a) create any Upgrades or
procure or provide any Replacements; (b) deliver or license to the CBOT for use
and/or access as “Licensed Technology” any modifications, enhancements,
improvements or additions to the Licensed Technology as AEMS may choose to
create; or (c) provide to the CBOT for use and/or access as “Equipment”
hereunder any replacements, modifications, enhancements, improvements or
additions to the Equipment.

 

  5.4.3 Data Centre 3 Equipment. AEMS agrees and acknowledges that Data Centre 3
Equipment shall be dedicated exclusively to the provision of the Managed
Services.

 

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6. Core Network

 

6.1 Permitted Purpose. The CBOT shall use the Core Network solely for purposes
of (a) operating (including testing and development pursuant to the Development
Services Agreement or hereunder) the CBOT Electronic Exchange via one or more
Interfaces with the Equipment, and (b) carrying out rights or obligations of the
CBOT pursuant to the Development Services Agreement or the Managed Services
Agreement.

 

6.2 Acceptable Use Policy. The CBOT shall comply, and use reasonable efforts to
ensure that all Market Participants comply, with AEMS’s Core Network Acceptable
Use Policy, a copy of which is attached as Schedule I hereto.

 

6.3 Notification

 

  6.3.1 By the CBOT. The CBOT shall promptly notify AEMS if the CBOT becomes
aware of (a) any security vulnerability relating to the Core Network, and
(b) any violation of the Acceptable Use Policy.

 

  6.3.2 By AEMS. Subject to Section 16, if not so prohibited by a regulatory or
other governmental authority or an order of a court of competent jurisdiction,
AEMS shall (a) promptly notify the CBOT of any judicial or governmental request,
requirement or order under law regarding the investigation and/or prosecution of
activities relating to the CBOT Electronic Exchange, and (b) cooperate with the
CBOT to respond to any such request, requirement or order.

 

6.4 Suspension

 

  6.4.1 At AEMS’s Request. In order to protect the CBOT Electronic Exchange and
all users of the Core Network, AEMS may, at its option, suspend access to the
Core Network of the CBOT or any Market Participant in the event of a breach of
AEMS’s Core Network Acceptable Use Policy or the CBOT’s obligations under
Section 6.1 by the CBOT or such Market Participant; provided that AEMS will not
suspend such access without reasonable cause and shall use good faith efforts to
provide the CBOT prior notice of any such suspension.

 

  6.4.2 At the CBOT’s Request. AEMS shall suspend any Market Participant’s
access to the Core Network as reasonably requested by the CBOT, at the CBOT’s
cost.

 

7. General Obligations of the CBOT

 

7.1 Dependencies. In addition to all other obligations of the CBOT set forth in
this Agreement, the CBOT shall perform those dependencies set forth in Schedule
J hereto.

 

7.2 Security. In addition to all other duties of the CBOT specified hereunder
and/or in the Software License Agreement and/or the Development Services
Agreement in respect of Licensed Technology and Equipment and the use or access
thereof by the CBOT, Market Participants, the CBOT shall (a) use reasonable
efforts to comply with AEMS’s security policy, a copy of which is attached as

 

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Schedule K hereto; (b) establish and maintain supervisory and security
procedures satisfactory to AEMS for the purpose of protecting all Licensed
Technology and Equipment located at CBOT’s Premises and AEMS’s rights, title and
interest in and to the Licensed Technology and Equipment; (c) require each
Market Participant to establish and maintain supervisory and security procedures
appropriate to protect all Licensed Technology and Equipment located at premises
owned or controlled by such Market Participant and AEMS’s rights, title and
interest in and to the Licensed Technology and Equipment; and (d) use reasonable
efforts to ensure that no personnel of the CBOT, any Affiliates or
subcontractors of the CBOT, any Market Participants, or any agents of the
foregoing (other than AEMS) shall have access to the Equipment or the Licensed
Technology (excluding the Interfaces and Non-Restricted Documentation), unless
such personnel has received appropriate training.

 

7.3 CBOT’s Premises. In addition to complying with the requirements set forth in
Section 5.3, the CBOT shall provide AEMS with such office accommodation,
facilities (including telephones, fax machines, computer consumables, printers
and Internet access), and access to the CBOT’s Premises as AEMS reasonably deems
necessary to facilitate AEMS’s performance of the Services.

 

7.4 Materials and Assistance. In addition to providing those resources
identified in Schedule J and Sections 5.3 and 7.3, in order to facilitate the
Parties’ performance of their obligations hereunder, the CBOT shall (a) promptly
provide to AEMS such relevant information and documentation as AEMS may
reasonably request, including information and documentation relating to network
infrastructure, hardware, software, equipment, personnel, documentation, space
and office space; (b) ensure that competent personnel are available during
normal working hours to provide to AEMS such information or other support in
relation to AEMS’s performance of the Services as AEMS may reasonably request;
and (c) use good faith efforts to ensure that such personnel possesses the
skills, experience, qualifications, and knowledge necessary to carry out any
tasks to which they may be assigned.

 

7.5 Trading Rules. CBOT rules regarding the CBOT Electronic Exchange (the “CBOT
Rules”) may not conflict with any term set forth in this Agreement, the Software
License Agreement or the Development Services Agreement.

 

7.6 Compliance with Laws. The CBOT shall use good faith efforts to comply with
all applicable laws and regulations relating to the operation of the CBOT
Electronic Exchange.

 

8. General Obligations of Both Parties

 

8.1 Non-Solicitation. Each Party agrees that, during a period from (a) the
Effective Date to (b) the earlier of twelve (12) months after completion of the
Services and the effective date of termination of this Agreement, it shall not
employ or engage on any other basis, and offer such employment or engagement to,
any of the other Party’s employees, contractors, and consultants who have been
associated with the performance of such other Party’s obligations hereunder,
without the other Party’s prior agreement in writing. If a Party employs or
engages any employee, contractor or consultant of the other Party in breach of
the foregoing obligations, it will pay to the other Party damages in an amount
equal to the net annual salary of such employee, contractor or consultant for
the twelve (12) months prior to the date such individual, contractor or
consultant is first employed by the Party breaching such obligation.

 

8.2 Export Compliance. The CBOT and AEMS each shall comply with all applicable
export laws and regulations of the United States and foreign authorities,
including regulatory authorities. For purposes of this obligation, export laws
and regulations include, but are not limited to, all applicable end use controls
and all applicable restrictions on the export, reexport and transfer of
encryption items.

 

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9. Marketing

 

9.1 Marketing. The CBOT shall, in accordance with Sections 9.2 to 9.7 below,
(a) refer to the automated derivatives trading and order matching system
utilized by the CBOT Electronic Exchange as the “LIFFE CONNECT®” system or
platform; and (b) in any and all web pages, brochures, advertisements and all
other marketing or promotional materials, press releases, or other media that
market, promote or otherwise reference the Trading System (collectively, the
“CBOT Marketing Materials”), (i) in respect of all visual media, prominently
display (x) the Mark LIFFE CONNECT® and/or the LIFFE CONNECT Logo and (y) the
phrase “e-cbot, powered by LIFFE CONNECT” in such format as may be agreed upon
by the Parties; and (ii) in respect of all broadcast media, prominently
broadcast (x) the Mark LIFFE CONNECT® and (y) the phrase “e-cbot, powered by
LIFFE CONNECT®” in such format as may be agreed upon by the Parties.

 

9.2 License. Subject to the terms and conditions hereof, AEMS hereby grants to
the CBOT a non-exclusive, non-transferable (except as set forth in Section 25)
right and license (a) to use, in [**], and in any additional jurisdictions as
AEMS may agree, LIFFE’s registered trademarks “LIFFE CONNECT” and the LIFFE
CONNECT Logo (collectively, the “Marks”) in connection with the marketing and
operation of the CBOT Electronic Exchange and those rights and obligations set
forth in this Agreement, the Software License Agreement and the Development
Services Agreement; and (b) to sublicense to ISVs the right to use the Marks
subject to all of the terms and conditions set forth in this Section 9
(including Section 9.5).

 

9.3 Use. The CBOT shall (a) in each visual CBOT Marketing Material containing or
displaying one or both of the Marks, (i) display each Mark together with a
superscript “®” placed at the end of the Mark (e.g. LIFFE CONNECT®); and
(ii) include, at least once in each such CBOT Marketing Material, the following
footnote, or a formative thereof as may be agreed by AEMS: “[LIFFE CONNECT®/The
LIFFE CONNECT Logo] is a trademark of LIFFE Administration and Management and is
registered in Australia, Hong Kong, Japan, Singapore, the United States, and the
United Kingdom, and is a registered Community Trade Mark”; and (b) otherwise use
the Marks in a manner and form consistent with (i) the usage guidelines set
forth in Schedule L hereto, as may be amended by LIFFE from time to time, and
(ii) any other usage guidelines and modifications thereof as AEMS may provide to
the CBOT from time to time.

 

9.4 Restrictions. The CBOT acknowledges (a) LIFFE’s exclusive right, title, and
interest in and to the Marks and (b) that the CBOT’s permitted use of the Marks
will not vest in the CBOT any right, title, or interest in or to the Marks. The
CBOT shall not (i) directly or indirectly, cause to be done any act contesting
or in any way impairing LIFFE’s right, title, or interest in the Marks, (ii) in
any manner represent that it possesses any ownership interest in the Marks, or
(iii) except as expressly permitted hereunder, adopt, use, attempt to register,
or register, at any time or in any jurisdiction, either of the Marks or any term
identical to or confusingly similar to either of the Marks.

 

9.5 Approval. Prior to the publication, public broadcast or other distribution
or dissemination to Market Participants, or other members of the public of any
CBOT Marketing Material, the CBOT shall submit to the AEMS Global Head of
Trading Business Unit, or his or her designee a representative sample of such
CBOT Marketing Material for AEMS’s prior written approval. The CBOT shall not

 

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distribute or disseminate to Market Participants or other members of the public
any CBOT Marketing Material in respect of which the CBOT has not obtained AEMS’s
prior written approval. AEMS has no right under this Agreement to approve the
CBOT’s use of trademarks or service marks other than the Marks.

 

9.6 Inspection. In order to assure the CBOT’s compliance with the standards and
requirements provided herein, the CBOT shall, upon AEMS’s reasonable request,
(a) make available to representatives of AEMS information relating to use of the
Marks and copies of all CBOT Marketing Materials; and (b) permit such
representatives to inspect all such CBOT Marketing Materials.

 

9.7 Violations of the Marks. The CBOT shall promptly notify AEMS in writing of
any information relating to suspected infringements or other violations of the
Marks which the CBOT possesses or of which it becomes aware. Notwithstanding the
foregoing, the CBOT shall have no right to prosecute or otherwise take any
action in respect of any such violations; and AEMS shall have no obligation
hereunder to investigate, prosecute or otherwise take any action in respect of
any such violations of which it is notified by the CBOT.

 

9.8 No CBOT License. Unless the Parties agree otherwise (and CBOT shall not
unreasonably decline to agree), AEMS shall not use in any marketing or
promotional materials, press releases, or other materials publicly distributed
or disseminated by AEMS any trademarks or service marks of the CBOT, including
“e-cbot” and “CBOT.”

 

10. Project Management

 

10.1 Appointments. In addition to complying with the requirements set forth in
Schedule C, each Party shall appoint and inform the other Party of the identity
of a Relationship Manager to serve as the individual responsible for the day to
day management of the relationship between AEMS and the CBOT with respect to the
Services.

 

10.2 Substitutions. Each Party shall promptly notify the other in writing of any
substitutions for or replacements of such individuals appointed in accordance
with Section 10.1, as applicable, and shall take all reasonable steps to
minimize any potential adverse effects of such changes.

 

11. Charges

 

11.1 Payment. In consideration for AEMS’s performance of the Services hereunder,
the CBOT shall, via wire transfer of immediately available funds to such bank
account as AEMS may specify:

 

  (a) pay to AEMS, for AEMS’s performance of its Equipment procurement
obligations under Sections 5.1.1 and 5.1.3, the Equipment Services Charges in
accordance with Schedule M;

 

  (b) pay to AEMS, in addition to any amounts owed pursuant to Section 3.2.4,
the Managed Services Fee set forth in Schedule M;

 

  (c) pay to AEMS, in addition to any amounts owed pursuant to Section 3.2.4,
the Chicago Based Support Fee set forth in Schedule M;

 

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  (d) pay to AEMS, in addition to any amounts owed pursuant to Section 4.5, the
Software Maintenance Fee set forth in Schedule M;

 

  (e) pay to AEMS, in addition to any amounts owed pursuant to Section 4.5, for
the Equipment and Data Centre Maintenance Service, the Equipment and Data Centre
Maintenance Fee set forth in Schedule M;

 

  (f) pay to AEMS, in addition to any amounts owed pursuant to Section 4.5, for
the Data Centre 3 Equipment and Data Centre Maintenance Service, the Data Centre
3 Equipment and Data Centre Maintenance Fee set forth in Schedule M;

 

  (g) pay to AEMS, in addition to any amounts owed pursuant to Section 4.5, the
Core Network Maintenance Fee set forth in Schedule M;

 

  (h) pay to AEMS, in addition to any amounts owed pursuant to Section 4.5, the
Data Centre 3 Core Network Maintenance Fee set forth in Schedule M;

 

  (i) pay to AEMS, for the IMAC Service, the Connection Services Charges set
forth in Schedule M;

 

  (j) pay to AEMS, for all Program Services, the Program Services Charges; and

 

  (k) reimburse AEMS for any out of pocket expenses incurred by AEMS hereunder,
including all reasonable travel, hotel, subsistence and other out of pocket
expenses charged in accordance with AEMS’s travel and expense policy attached as
Schedule N hereto (collectively, “Out of Pocket Expenses”);

 

(such Equipment Services Charges, Managed Services Fee, Chicago Based Support
Fee, Software Maintenance Fee, Equipment and Data Centre Maintenance Fee, Data
Centre 3 Equipment and Data Centre Maintenance Fee, Core Network Maintenance
Fee, Data Centre 3 Core Network Maintenance Fee, Connection Services Charges,
Program Services Charges, Out-of-Pocket Expenses and all other amounts due
hereunder, collectively, the “Charges”).

 

All payments hereunder shall be made in pounds sterling; provided that the CBOT
may pay in U.S. dollars any Charges based on such costs incurred by AEMS
hereunder, which costs were denominated in U.S. dollars.

 

11.2 Fixed Charges. Notwithstanding any provision herein to the contrary, in the
event AEMS performs any Services (a) specified to be charged on a fixed fee
basis, and (b) occasioned by (i) the failure of the CBOT to fulfill, or delay by
the CBOT in fulfilling, any of its obligations under this Agreement or (ii) the
failure or malfunction of technology not owned, controlled, or provided by or on
behalf of AEMS hereunder, the CBOT shall pay to AEMS (x) fees for the time
expended by AEMS in connection with such Services, on a time and materials
basis, calculated in accordance with the Charge Rates; and (y) all associated
Out of Pocket Expenses.

 

11.3 Taxes. The Charges shall be exclusive of all international, national or
state taxes (including withholding taxes), levies, duties, or similar charges,
however designated, that may be assessed by any jurisdiction under current law
or as a result of any change in the law following the date thereof

 

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(collectively, “Taxes”), and the CBOT shall pay or reimburse AEMS for all such
Taxes that may be levied or imposed in relation to this Agreement or any of the
rights and licenses granted hereunder, excluding (a) any VAT that is recovered
by AEMS and (b) taxes based on the net income of AEMS. AEMS will use good faith
efforts to recover VAT applicable to any Charges. Prior to receiving from the
CBOT any payment which may be subject to United States withholding taxes, AEMS
shall deliver to the CBOT two original copies of (i) Internal Revenue Service
(“IRS”) Form “W-8BEN” (or any successor forms), accurately completed and duly
executed by AEMS certifying, in Line 9a thereof (or the corresponding line of
any successor forms), that the applicable treaty is the United States-United
Kingdom Income Tax Convention, and further certifying the matters set forth in
Line 9b and 9c of Form “W-8BEN” (or the corresponding lines of any successor
forms) or (ii) IRS Form “W-8ECI” (or any successor form); provided that, unless
required by U.S. law, AEMS shall not be required to deliver to the CBOT any such
Forms if AEMS assigns, pursuant to Section 25, this Agreement and/or its rights
and obligations under this Agreement to an Affiliate of AEMS which is a United
States corporation. AEMS hereby agrees, from time to time after the initial
delivery by AEMS of such forms whenever a lapse in time or change of
circumstances renders such forms obsolete or inaccurate in any material respect,
to deliver to the CBOT two new original copies of IRS Form “W-8BEN” or IRS Form
“W-8ECI” (or any successor forms), accurately completed and duly executed by
AEMS. Notwithstanding this Section 11.3, the relevant Charges shall be paid net
of any U.S. federal income withholding tax caused by the failure of AEMS to
provide the CBOT with such forms, unless a change in applicable law of the
United States, enacted or promulgated after the date hereof, makes it impossible
for AEMS to continue to make the certifications described above.

 

11.4 Invoices. AEMS shall invoice the CBOT as set forth in Schedule M, in pounds
sterling; provided, however, that AEMS will invoice in U.S. dollars any Charges
based on costs incurred by AEMS hereunder, which costs were denominated in U.S.
dollars. For the avoidance of doubt, any amounts paid by AEMS in pounds sterling
will be invoiced to the CBOT in pounds sterling. Each invoice for Program
Services Charges or other Services charged on a time and materials basis
hereunder will set forth the name of each of the AEMS Project Personnel who
performed such Program Services, the categories of work performed by such
individual, the grade of each such individual, and the Charge Rate for such
individual. Payment of each invoice shall be made by the CBOT within thirty
(30) days of the date of receipt of such invoice by the CBOT (the “Payment
Date”), unless the CBOT makes a good faith objection to the terms of the
invoice, in which case (a) the CBOT shall pay the undisputed amount of the
invoice, and (b) the Parties shall promptly undertake to resolve the disputed
portion of the invoice.

 

11.5 Suspension.

 

  11.5.1 Suspension of Services. If the CBOT fails to pay any undisputed Charges
due under this Agreement by the Payment Date, then, without prejudice to any
other remedy available to AEMS, AEMS may, upon fourteen (14) days prior written
notice to the CBOT’s Project Manager and placement of a telephone call to the
CBOT’s Relationship Manager, suspend the Services; provided that the CBOT has
not made payment within such period of time

 

  11.5.2

Suspension in Respect of Hosted Exchange. If the CBOT fails to pay AEMS any
undisputed Hosting Fees due under the Software License Agreement because a
Hosted Exchange has failed to pay to the CBOT fees corresponding to such Hosting
Fees, then, upon the CBOT’s notice to AEMS thereof signed by a senior
representative of the CBOT, and without prejudice to any other remedy available

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

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to AEMS, (a) AEMS and the CBOT agree to suspend the License granted under
Section 2.1(c) of the Software License Agreement and the delivery of Services
solely in respect of hosting the electronic trading of Hosted Products of the
relevant Hosted Exchange via the CBOT Electronic Exchange (but not CBOT Products
or the Hosted Products of any other Hosted Exchange); (b) the CBOT shall
promptly provide to such Hosted Exchange fourteen (14) days’ prior written
notice of the CBOT’s suspension of the license granted to such Hosted Exchange
under its Hosting Agreement with the CBOT and the Hosting Services delivered to
such Hosted Exchange; and (c) if the Hosted Exchange has not paid the overdue
fees within such fourteen (14) day period, AEMS shall (unless prohibited by a
requirement, decision or order of a regulatory or governmental authority,
arbitration panel or court of competent jurisdiction) (i) suspend the License
granted under Section 2.1(c) of the Software License Agreement in respect of
such Hosted Exchange and (ii) cease providing Services solely in respect of
hosting the electronic trading of Hosted Products of the relevant Hosted
Exchange via the CBOT Electronic Exchange (but not CBOT Products or Hosted
Products of any other Hosted Exchange).

 

  11.5.3 Reinstatement. In the event of reinstatement of Services suspended
under Section 11.5.1 and/or Section 11.5.2, the CBOT shall be required to
install (or require to be installed) any such Upgrades and/or Replacements to
the version(s) of the Licensed Technology or Equipment last utilized by the CBOT
or the relevant Hosted Exchange, as AEMS may specify.

 

11.6 Late Payment. If the CBOT fails to pay any undisputed Charges due under
this Agreement by the Payment Date, then interest shall be charged thereon from
the date of issuance of the applicable invoice until the date payment is made,
at the rate of the lesser of one and one half percent (1.5%) per month, or the
maximum amount allowed under applicable law.

 

12. Term

 

12.1 Initial Term. The initial term of this Agreement shall commence on the
Effective Date and shall continue until and including December 31, 2008 (the
“Initial Term”), unless terminated earlier in accordance with Section 13 or as
otherwise provided in this Agreement.

 

12.2 Renewal. The Parties shall use good faith efforts to agree upon, by no
later than one (1) year prior to the end of the Initial Term or the then current
Renewal Term (as applicable), (a) the nature and scope of the Managed Services
and any other Services to be provided during the new Renewal Term, and (b) all
associated Service Targets, Service Thresholds, CBOT Electronic Exchange
Parameters and Charges; provided that variations in the Charge Rate shall remain
subject to Paragraph 5.3 of Schedule M (collectively, the “New Terms”). UNLESS
TERMINATED EARLIER IN ACCORDANCE WITH SECTION 13 OR AS OTHERWISE PROVIDED IN
THIS AGREEMENT, THIS AGREEMENT WILL AUTOMATICALLY RENEW FOR NO MORE THAN [**]
SUCCESSIVE PERIODS OF [**] YEARS EACH (EACH, A “RENEWAL TERM”); provided that
the Parties have agreed to the New Terms and amended this Agreement accordingly
by an instrument in writing signed by a duly authorized representative of each
Party. If the New Terms have not been agreed by a date one (1) year prior to the
end of the Initial Term or the then current Renewal Term (as applicable), then
CBOT may provide written notice to AEMS that the CBOT does not intend to renew
the Agreement, and the Agreement will expire at

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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the end of the Initial Term or the then current Renewal Term (as applicable).
For the avoidance of doubt, the expiration of the Agreement at the end of the
Initial Term or a Renewal Term shall not constitute a termination of the
Agreement pursuant to Section 13, and the CBOT shall not be liable for
Termination Costs.

 

13. Termination

 

13.1 By CBOT. The CBOT may terminate this Agreement, for any reason, upon
written notice to AEMS provided at least twelve (12) months prior to the end of
the Initial Term or the First Renewal Term (if any).

 

13.2 By Either Party.

 

  13.2.1 Material Breach. Subject to Section 14.3, at any time during the term
of this Agreement, either Party may terminate this Agreement immediately upon
written notice to the other Party if the other Party commits a breach of any of
its material obligations under this Agreement and fails to remedy such material
breach within thirty (30) days of receipt of written notice thereof.

 

  13.2.2 Insolvency. At any time during the term of this Agreement, either Party
may terminate this Agreement upon thirty (30) days prior written notice if:
(a) the other Party (i) becomes insolvent, (ii) voluntarily commences any
proceeding or files any petition under the bankruptcy laws of the United States
or England and Wales, (iii) becomes subject to any involuntary bankruptcy or
insolvency proceedings under the laws of the United States or England and Wales,
which proceedings are not dismissed within thirty (30) days, (iv) makes an
assignment for the benefit of its creditors, or (v) appoints a receiver,
trustee, custodian or liquidator for a substantial portion of, its property,
assets or business; or (b) the other Party passes a resolution for its winding
up or dissolution, or a court of competent jurisdiction makes an order for such
other Party’s winding up or dissolution.

 

  13.2.3 [**]. Either Party may terminate this Agreement, upon twelve (12)
months prior written notice to the other Party, if [**] or any Affiliate of [**]
directly or indirectly acquires control of the other Party.

 

13.3 Automatic Termination. This Agreement will terminate automatically upon
termination of the Software License Agreement. For the avoidance of doubt, the
Parties acknowledge that any termination of a Hosting Agreement shall not in any
manner alter or otherwise affect the term of this Agreement or of the Software
License Agreement.

 

13.4 Termination Costs. In the event this Agreement is terminated pursuant to
Section 13 (excluding termination by the CBOT pursuant to Section 13.2.1 or
13.2.2), the CBOT shall pay to AEMS the Termination Costs as set forth in
Schedule M.

 

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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14. Consequences of Termination

 

14.1 Equipment, Licensed Technology, and CBOT Marketing Materials. In addition
to complying with those requirements set forth in Section 13.1 of the Software
License Agreement:

 

  14.1.1 In CBOT’s Possession. Upon or prior to the effective date of expiration
or termination of this Agreement, the CBOT shall (a) immediately cease use of
the Equipment, the Marks, and all Licensed Technology; and (b) at AEMS’s request
and at the CBOT’s expense, (i) within fourteen (14) days of the effective date
of termination of this Agreement, permanently erase and certify the erasure of
the Software (and all copies thereof) from the Equipment and all backup Media;
(ii) as AEMS may elect, promptly return to AEMS or permit AEMS to repossess any
Equipment; and (iii) promptly return to AEMS or, with AEMS’s prior written
consent destroy and certify as destroyed, any and all other AEMS Property and
any and all CBOT Marketing Materials containing or displaying the Marks in the
CBOT’s possession and/or control. Notwithstanding the foregoing, the CBOT shall
only be required to use reasonable efforts to return or destroy any AEMS
Property (excluding any Software and any information and materials marked as
“AEMS Restricted,” including, but not limited to, Restricted Documentation)
located on the CBOT’s electronic backup media created by the CBOT in the normal
course of business; provided, however, that the CBOT shall be obligated to
maintain the confidentiality of such information in accordance with the terms of
Section 16 of this Agreement.

 

  14.1.2 In Market Participants’ Possession. Upon or prior to the effective date
of expiration or termination of this Agreement, the CBOT shall, at the CBOT’s
expense, (a) require each Market Participant to (i) immediately cease use of the
Equipment and all Licensed Technology; (ii) as AEMS may elect, either promptly
return to AEMS or permit AEMS to repossess all Equipment in such Market
Participant’s possession and/or control; and (iii) promptly return to AEMS or,
with AEMS’s written consent destroy and certify as destroyed, any and all other
AEMS Property and any and all CBOT Marketing Materials containing or displaying
the Marks within such Market Participant’s possession and/or control; and
(b) notwithstanding the foregoing Section 14.1.2(a), return to AEMS any AEMS
Property that has been provided to the CBOT by any Market Participant, promptly
upon the CBOT’s receipt thereof. Notwithstanding the foregoing, each Market
Participant shall only be required to use reasonable efforts to return or
destroy any AEMS Property (excluding any Software and any information and
materials marked as “AEMS Restricted,” including, but not limited to, Restricted
Documentation) located on such Market Participant’s electronic backup media
created by such Market Participant in the normal course of business; provided,
however, that each Market Participant shall be obligated to maintain the
confidentiality of such information in accordance with the terms of Section 16
of this Agreement.

 

14.2 Third Party Obligations. In the event of termination of this Agreement,
AEMS will use commercially reasonable efforts to terminate any contracts with
third parties relating to AEMS’s obligations hereunder (or relevant portions
thereof). Notwithstanding the foregoing, the CBOT shall be

 

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obligated to reimburse AEMS for any and all costs and expenses relevant to this
Agreement for which AEMS is contractually obligated to such third parties as of
the termination hereof; provided that (a) AEMS has used commercially reasonable
efforts to mitigate such costs and expenses and (b) AEMS has, within ninety
(90) days of the effective date of termination of this Agreement, notified the
CBOT of the existence and term of the contract, the identity of the counterparty
to the contract, and the estimated amount of the CBOT’s payment obligation in
respect of such contract.

 

14.3 Transition. In the event of AEMS’s notice of termination to the CBOT
pursuant to Section 13.2.1 for a material breach that is incapable of remedy,
AEMS shall continue to provide to the CBOT the Managed Services for a period of
up to nine (9) months from the date upon which notice of termination is given
(the “Transition Period”); provided that, within thirty (30) days following
notice of termination, (a) the CBOT has accepted full liability for such
material breach via written notice to AEMS in a form acceptable to AEMS, in
AEMS’s sole discretion; and (b) the CBOT has submitted to AEMS reasonable
assurances that it has employed measures sufficient to prohibit repetition of
such material breach. Notwithstanding the foregoing, (i) during any Transition
Period, AEMS shall not be held liable for any failure to perform any obligations
under this Agreement (x) that have been transitioned by the CBOT to a Person
other than AEMS, or (y) that have been wound down or phased out; and (ii) in the
event of the CBOT’s breach of any of its material obligations under this
Agreement during any Transition Period, AEMS may terminate this Agreement
immediately upon notice to the CBOT.

 

14.4 Survival. The expiration or termination of this Agreement for any reason
will not affect the accrued rights of the Parties or the right of either Party
to sue for damages arising from a breach of this Agreement. Notwithstanding
expiration or termination of this Agreement, the CBOT shall remain liable to pay
AEMS all sums accrued or due on or prior to the effective date of expiration or
termination, including, but not limited to, all outstanding Tower Changes
Charges. Sections 5.2, 5.3.1(b), 5.3.1(c)(i), 5.3.1(d)(i), 5.3.3, 5.3.4, 5.3.5,
5.3.6.2, 6.4, 6.5, 7.2, 8, 9.4, 11, 14, 15, 16, 17, 18, 19, 20, 21, 22, 24, 27,
28, 29, 30, 31, 32 and 34 shall survive beyond the effective date of termination
or expiration of this Agreement and shall remain in full force and effect.

 

15. Proprietary Rights

 

15.1 AEMS Property. As between the CBOT and AEMS, all rights, title and interest
in and to the Licensed Technology and all portions thereof (excluding the third
party software specified in Schedule G of the Software License Agreement),
including but not limited to, all Software, Upgrades, and Documentation; all
Confidential Information of AEMS; all Equipment; all Replacements; the Core
Network; the Marks; all other materials whatsoever relating to the Licensed
Technology and/or the Equipment and/or the Core Network and provided by AEMS to
the CBOT and/or any Market Participants, including any gateways, hubs, routers,
cables, cabinets and servers; and any other materials provided by or on behalf
of AEMS to the CBOT and/or any Market Participants under this Agreement;
including all copyrights, trademarks, patents, trade secrets and other
intellectual property inherent in the foregoing or appurtenant thereto
(collectively, “AEMS Property”) shall be and remain vested in AEMS (or AEMS’s
Affiliates, suppliers or licensors, as applicable). To the extent, if any, that
ownership of the AEMS Property does not automatically vest in AEMS by virtue of
this Agreement or otherwise, the CBOT hereby transfers and assigns to AEMS, as
of the date of creation, all rights, title and interest which the CBOT may have
in and to such AEMS Property. The CBOT undertakes, at the CBOT’s expense, to do
or cease to do all such acts as AEMS may reasonably direct, and to execute, or
cause its employees, agents and/or subcontractors to execute, all such documents
as AEMS deems reasonably necessary or helpful to assure further the rights,
title and interest of AEMS or its nominee in and to such AEMS Property.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

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15.2 CBOT Property. Notwithstanding the foregoing Section 15.1, as between the
CBOT and AEMS, all rights, title and interest in and to (a) the CBOT Technology
(if any); (b) CBOT Market Data; (c) Trade Data; (d) Standing Data; (e) all
Confidential Information of the CBOT; and (f) all copyrights, trademarks,
patents, trade secrets and other intellectual property inherent in the foregoing
or appurtenant thereto (collectively, the “CBOT Property”) shall be and remain
vested in the CBOT. To the extent, if any, that ownership of the CBOT Property
does not automatically vest in the CBOT by virtue of this Agreement or
otherwise, AEMS hereby transfers and assigns to the CBOT, as of the date of
creation, all rights, title and interest which AEMS may have in and to such CBOT
Property. AEMS undertakes, at AEMS’s expense, to do or cease to do all such acts
as the CBOT may reasonably direct, and to execute, or cause its employees,
agents and/or subcontractors to execute, all such documents as the CBOT deems
reasonably necessary or helpful to assure further the rights, title and interest
of the CBOT or its nominee in and to such CBOT Property.

 

16. Confidentiality

 

16.1 Confidential Information. Subject to Section 16.2, each Party shall treat
as confidential the terms and conditions of this Agreement (excluding the
existence of this Agreement), all information (a) marked as confidential, “CBOT
Restricted” and/or “AEMS Restricted” (as applicable) or (b) which the recipient
should reasonably know, by its nature or the manner of its disclosure, to be
confidential (including, but not limited to, the information and materials the
CBOT has obtained rights to use hereunder), which either Party may receive or
have access to during or prior to the performance of this Agreement
(“Confidential Information”). Neither Party shall (i) use the Confidential
Information of the other Party for any purpose other than the performance of its
obligations under this Agreement, the Software License Agreement or the
Development Services Agreement, or (ii) divulge such Confidential Information
(x) without the other Party’s prior written consent, to anyone other than the
employees, subcontractors, consultants or advisors of such Party who are subject
to nondisclosure obligations and to whom such disclosure is reasonably necessary
to facilitate the performance of this Agreement; or (y) unless requested
pursuant to a judicial or governmental request, requirement or order under law
(including disclosure obligations of the Parties under applicable securities
laws), in which case, if not so prohibited by a regulatory or other governmental
authority or an order of a court of competent jurisdiction, the receiving Party
will promptly notify the other Party of such request; provided that, if, in the
opinion of counsel to the receiving Party, such disclosure is required under
securities laws, the receiving Party, in consultation with the other Party,
shall additionally use good faith efforts to secure confidential treatment of
the information so disclosed. “Confidential Information” of AEMS includes, but
is not limited to, Restricted Documentation and the source code of the Software.
For the avoidance of doubt, with respect to Confidential Information of AEMS
that has been disclosed to the CBOT or to which the CBOT has access, the CBOT
shall neither provide or permit [**] access to, nor permit any other Person to
provide or permit [**] access to, any Confidential Information of AEMS or any
derivative work based on such Confidential Information.

 

16.2 Exclusions. Notwithstanding Section 16.1, Confidential Information will not
include information (a) which is independently developed by the receiving Party
or is lawfully received free of restriction from another source that, to the
receiving Party’s knowledge, has the right to furnish such information;
(b) after it has become generally available to the public by acts not
attributable to the receiving Party or its employees, consultants or advisors;
or (c) which, at the time of disclosure to the receiving Party, was known to the
receiving Party free of restriction.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

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17. Warranties

 

17.1 AEMS. AEMS warrants that (a) it has the requisite corporate power and
authority to execute and perform this Agreement; (b) its execution and
performance of its obligations hereunder will not violate any other agreement or
regulatory obligation to which it is bound; and (c) to AEMS’s knowledge, the
Software contains no Malicious Code. EXCEPT AS SPECIFICALLY PROVIDED IN THIS
AGREEMENT, AEMS MAKES NO, AND HEREBY DISCLAIMS ALL, WARRANTIES, CONDITIONS,
UNDERTAKINGS, TERMS OR REPRESENTATIONS, EXPRESSED OR IMPLIED BY STATUTE, COMMON
LAW OR OTHERWISE, IN RELATION TO THE SERVICES OR THE LICENSED TECHNOLOGY,
EQUIPMENT, CORE NETWORK, OR MARKS, OR ANY PORTION OF THE SAME OR THE USE
THEREOF, INCLUDING BUT NOT LIMITED TO ALL IMPLIED WARRANTIES OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT. AEMS FURTHER DISCLAIMS
ALL WARRANTIES, IMPLIED OR OTHERWISE, RELATING TO ANY THIRD PARTY MATERIALS.

 

17.2 The CBOT. The CBOT hereby warrants to AEMS that (a) it has the requisite
corporate power and authority to execute and perform this Agreement; (b) its
execution and performance of its obligations hereunder will not violate any
other agreement or regulatory obligation to which it is bound; (c) it is a valid
licensee of the Wagner/eSpeed Patent pursuant to Attachment B to that certain
“Settlement Agreement” between the CBOT, The Chicago Mercantile Exchange,
Electronic Trading Systems Corporation and eSpeed, entered into as of August 26,
2002, in settlement of eSpeed, Inc. and Electronic Trading Systems Corporation
v. The Board of Trade of the City of Chicago and The Chicago Mercantile
Exchange, before the United States District Court for the Northern District of
Texas (Civil Action No. 3:99-CV-1016-M) (the “Wagner License”), a copy of which
has been provided to AEMS; and (d) the Services, the Equipment and Licensed
Technology provided hereunder, and the use of such Equipment and Licensed
Technology by or on behalf of the CBOT and Market Participants (excluding Hosted
Exchanges and their respective Hosted Exchange Participants), are encompassed by
such Wagner License and will not violate the terms of the Wagner License; (e)
eSpeed has unconditionally and irrevocably covenanted not to sue the CBOT, AEMS
or the Hosted Exchanges for infringement of the Wagner/eSpeed Patent in
connection with the use of the Trading System to process trades of Hosted
Products; (f) in regard to each Hosted Exchange, all of the Hosted Products of
such Hosted Exchange are included within the relevant categories of products
specified in the eSpeed Covenants; and (g) the use of the Trading System by or
on behalf of any of the Hosted Exchanges and/or their respective Hosted Exchange
Participants in respect of trades of Hosted Products is encompassed by the
eSpeed Covenants. EXCEPT AS SPECIFICALLY PROVIDED IN THIS AGREEMENT, THE CBOT
MAKES NO, AND HEREBY DISCLAIMS ALL, WARRANTIES, CONDITIONS, UNDERTAKINGS, TERMS
OR REPRESENTATIONS, EXPRESSED OR IMPLIED BY STATUTE, COMMON LAW OR OTHERWISE, IN
RELATION TO THE LICENSED TECHNOLOGY AND CBOT PROPERTY OR ANY PORTION OF THE SAME
OR THE USE THEREOF, INCLUDING BUT NOT LIMITED TO ALL IMPLIED WARRANTIES OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

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18. Indemnification

 

18.1 By AEMS. AEMS shall defend, indemnify and hold the CBOT and its Affiliates,
and the officers, directors, employees, agents, and representatives of the CBOT
and its Affiliates (“CBOT Indemnitees”) harmless from and against all costs,
claims, demands, losses, expenses and liabilities of any nature whatsoever
(including reasonable attorneys fees) (“Losses”) incurred or suffered by such
CBOT Indemnitees arising out of, or in connection with, any third party claim,
demand, or cause of action (each, a “Claim”) to the extent such Claim is based
upon or arises out of (a) AEMS’s gross negligence or willful misconduct;
(b) AEMS’s material breach of this Agreement or any part hereof; (c) [**]; or
(d) [**]; provided that (i) the CBOT shall take no other action which the CBOT,
in its reasonable judgment, believes would be contrary to AEMS’s interests
relative to the Claim; (ii) AEMS (or any Person acting on behalf of or
authorized by AEMS), at its own expense, shall be entitled to have sole conduct
and control of all legal proceedings in connection with the Claim or the
settlement or other compromise thereof; (iii) the CBOT shall give AEMS (and any
Person acting on behalf of or authorized by AEMS) all reasonable assistance
therewith, at AEMS’s reasonable expense; and (iv) the CBOT shall use good faith
efforts to notify AEMS as soon as possible, but in any event within five
(5) Business Days, after the CBOT becomes aware of the Claim. Notwithstanding
the foregoing, AEMS shall have no obligation to defend, indemnify, or hold any
CBOT Indemnitee harmless from or against any Losses incurred or suffered by such
CBOT Indemnitee (x) as a result of the gross negligence or willful misconduct of
the CBOT Indemnitee or any Market Participant, or (y) to the extent any Losses
are attributable to the fact that the use of the Licensed Technology and/or
Equipment by the CBOT, other CBOT Indemnitee, or any Market Participant has not
been in accordance with this Agreement.

 

18.2 By the CBOT. The CBOT shall defend, indemnify and hold AEMS, its
Affiliates, and the officers, directors, employees, agents, and representatives
of AEMS and its Affiliates (“AEMS Indemnitees”) harmless from and against all
Losses incurred or suffered by such AEMS Indemnitees arising out of, or in
connection with, any third party Claim to the extent such Claim is based upon or
arises out of: (a) the CBOT’s material breach of this Agreement or any part
hereof; (b) the gross negligence or willful misconduct of the CBOT, any
Affiliate of the CBOT, any Hosted Exchange, any Affiliate of a Hosted Exchange,
or any Market Participant (collectively, the “CBOT Parties”); (c) the CBOT
Property or AEMS’s use thereof; (d) use of the Licensed Technology, the
Equipment, the Core Network or the Marks in contravention of this Agreement by
or on behalf of any CBOT Party; (e) any violation by any Market Participant of
the restrictions set forth in Section 5.3.4; (f) any Claim that the Services
provided hereunder, the Equipment, the Core Network or the Licensed Technology
provided hereunder, or the use thereof by or on behalf of any CBOT Party,
infringes or otherwise violates the Wagner/eSpeed Patent; (g) violation of the
AEMS Core Network Acceptable Use Policy by the CBOT and/or any Market
Participant; (h) any action or inaction by any Hosted Exchange, Hosted Exchange
Participant, or any of their respective Affiliates; (i) a breach of any Hosting
Agreement by any of the Hosted Exchanges or the CBOT (excluding any such breach
by the CBOT which is the direct result of AEMS’s breach of this Agreement, the
Software License Agreement and/or the Development Services Agreement or of
AEMS’s gross negligence or willful misconduct); or (j) any suspension or
termination, as permitted under this Agreement or the Software License
Agreement, of the License granted pursuant to Section 2.1(c) of the Software
License Agreement and/or of any Hosting Services; except that the CBOT shall
have no obligations in respect of this Section 18.2(a), (d) or (g) with regard
to any Claim to the extent such Claim is (i) based on a failure by the CBOT or
any Market Participant to comply with the AEMS Core Network Acceptable Use
Policy and (ii) brought by (x) third party exchanges directly using the Core
Network or (y) third party members, independent software vendors or quote
vendors participating in such third party exchanges or the Euronext.liffe
Exchanges (as defined in the Software License Agreement) directly using the Core
Network; provided that (A) AEMS shall take no action which AEMS, in its
reasonable judgment, believes would be contrary to the CBOT’s interests relative
to the

 

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Claim; (B) the CBOT (or any Person acting on behalf of or authorized by the
CBOT), at its own expense, shall be entitled to have sole conduct and control of
all legal proceedings in connection with the Claim or the settlement or other
compromise thereof; (C) AEMS shall give the CBOT (and any Person acting on
behalf of or authorized by the CBOT) all reasonable assistance in connection
therewith at the CBOT’s reasonable expense; and (D) AEMS shall use good faith
efforts to notify the CBOT as soon as possible, but in any event within five
(5) Business Days, after AEMS becomes aware of the Claim. Notwithstanding the
foregoing, the CBOT shall have no obligation to defend, indemnify, or hold any
AEMS Indemnitee harmless from or against any Losses incurred or suffered by such
AEMS Indemnitee as a result of the gross negligence or willful misconduct of the
AEMS Indemnitee.

 

19. Liability

 

19.1 Specific Limitations. AEMS shall have no liability to the CBOT for any
breach of this Agreement or any Losses (including, but not limited to, the
inability of the CBOT, any Hosted Exchange or Hosted Exchange Participant to use
any part of the Licensed Technology or Equipment or Core Network and the
interruption or corruption of any data or information stored, used, generated or
transmitted on or via any Licensed Technology or Equipment or Core Network)
under this Agreement arising from (a) any defect in the Licensed Technology,
Equipment or Core Network of which AEMS has not received notice of from the CBOT
within five (5) Business Days following the first date upon which the CBOT
discovered or otherwise became aware of such defect, (b) any Force Majeure
Event, (c) any Trading Applications or other Third Party Materials; or (d) any
suspension or termination, as permitted under this Agreement and/or the Software
License Agreement, of the License granted pursuant to Section 2.1(c) of the
Software License Agreement and/or of any Hosting Services.

 

19.2 General Limitation. EXCEPT AS EXPRESSLY PROVIDED IN THIS AGREEMENT, NEITHER
PARTY SHALL HAVE LIABILITY TO THE OTHER FOR ANY LOSS, DAMAGE OR INJURY, DIRECT
OR INDIRECT, WHETHER OR NOT CAUSED BY THE NEGLIGENCE OF SUCH PARTY, ITS
AFFILIATES, OR THE OFFICERS, EMPLOYEES, AGENTS OR REPRESENTATIVES OF SUCH PARTY
OR OF ANY OF ITS AFFILIATES, EXCEPT THAT EACH PARTY SHALL ACCEPT LIABILITY FOR
(a) MATERIAL BREACH OF THIS AGREEMENT, (b) THE GROSS NEGLIGENCE OR WILLFUL
MISCONDUCT OF SUCH PARTY, ITS AFFILIATES OR THE OFFICERS, EMPLOYEES, AGENTS OR
REPRESENTATIVES OF SUCH PARTY OR OF ANY OF ITS AFFILIATES, AND (c) FOR DEATH,
PERSONAL INJURY AND DIRECT PHYSICAL DAMAGE TO THE TANGIBLE PROPERTY OF THE OTHER
CAUSED BY SUCH PARTY, ITS AFFILIATES OR THE OFFICERS, EMPLOYEES, AGENTS OR
REPRESENTATIVES OF SUCH PARTY OR OF ANY OF ITS AFFILIATES. EXCEPT WITH REGARD TO
EITHER PARTY’S BREACH OF ITS CONFIDENTIALITY OBLIGATIONS UNDER SECTION 16 OR ITS
WARRANTIES SET FORTH IN SECTION 17, NEITHER PARTY SHALL BE LIABLE TO THE OTHER
HEREUNDER FOR ANY INDIRECT OR CONSEQUENTIAL LOSS, OR FOR LOSS OF PROFITS,
GOODWILL OR CONTRACTS, WHETHER ARISING FROM NEGLIGENCE, BREACH OF CONTRACT OR
OTHERWISE, AND WHETHER OR NOT EITHER PARTY SHALL HAVE BEEN ADVISED OF OR
OTHERWISE MIGHT HAVE ANTICIPATED THE POSSIBILITY OF SUCH DAMAGES.

 

19.3 Limitation of Liability. The cumulative liability of AEMS under this
Agreement, the Software License Agreement and the Development Services
Agreement, during the respective terms of this Agreement, the Software License
Agreement and the Development Services Agreement, however arising, will not
exceed [**]; provided, however, that the limitations set forth in this
Section 19.3 will not apply to (a) liability of AEMS for death or personal
injury; (b) fraudulent acts or omissions; or (c) violations of the
confidentiality obligations of Section 16.

 

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19.4 Claims Against Individuals. Where the liability of a Party (including, but
not limited to, any liability with respect to the officers, employees, agents or
representatives of a Party or any of its Affiliates) has been excluded or
restricted hereunder, each Party agrees that it shall not bring any claim
against any officers, employees, agents or representatives of the other Party or
any of its Affiliates or join such officers, employees, agents or
representatives in any claim such that the liability of such officers,
employees, agents or representatives and such other Party, when taken together,
would be greater than the liability of such other Party hereunder.

 

20. Dispute Resolution

 

20.1 Escalation. As used herein, “Disputes” means any claims, disputes,
controversies, and other matters in question between the Parties arising out of
or relating to this Agreement or the breach hereof (excluding any third party
claims against AEMS or the CBOT subject to indemnification pursuant to
Section 18, but including any disagreements as to indemnification rights
hereunder). Any Dispute between the Parties that (a) relates to Program Services
or (b) relates to Managed Services and has not been resolved by the Governance
Committee in accordance with Schedule C, shall in the first instance be referred
to the Parties’ Relationship Managers for discussion and resolution. If the
Dispute is not resolved by the Relationship Managers within five (5) Business
Days, the Dispute will be referred to the Global Head of Trading Business Unit
of AEMS and a representative of the CBOT at an equivalent level, who must
discuss and, if appropriate, meet within five (5) Business Days to attempt to
resolve the Dispute. If the Dispute is not resolved by such second
representatives within five (5) Business Days, the Dispute will be referred to
the Parties’ Chief Executive Officers who must discuss and, if appropriate, meet
within five (5) Business Days to attempt to resolve the Dispute. If any
representative of either Party referred to in this Section 20.1 is not available
for any reason, the affected Party shall be entitled to appoint an appropriate
substitute.

 

20.2 Mediation. If the Parties cannot resolve any Dispute in accordance with
Section 20.1 within thirty (30) Business Days, they may refer the Dispute to
mediation, to be conducted by a single mediator in (i) Chicago, Illinois, if
AEMS has initiated the Dispute, or (ii) London, England, if the CBOT has
initiated the Dispute. The Parties shall use good faith efforts to agree upon a
mediator. If the Parties are unable to agree upon a mediator within thirty
(30) Business Days, the Parties may seek judicial resolution and remedy of the
Dispute without first proceeding with mediation. The Parties shall use good
faith efforts to hold the mediation within thirty (30) Business Days following
the selection of a mediator. Unless otherwise agreed by the Parties, no decision
resulting from the mediation proceedings will be binding upon the Parties.
Unless expressly provided herein, each Party will bear its own costs (including
attorneys fees) relating to the mediation, but the Parties will share equally
the fees and expenses charged by the mediator.

 

20.3 Arbitration. If a Dispute is not resolved in accordance with Section 20.2,
then either Party may provide written notice to the other Party of an intention
to refer the Dispute to arbitration. Any such arbitration shall be: (a) binding;
(b) administered by the International Centre for Dispute Resolution (“ICDR”) of
the American Arbitration Association (“AAA”); (c) conducted in accordance with
the International Arbitration Rules of the AAA (the “AAA Rules”), as such AAA
Rules may be amended from time to time, except to the extent this Section 20.3
provides otherwise; (d) held in Chicago, Illinois, if the Dispute is initiated
by AEMS and in London, England if the Dispute is initiated by the CBOT; and

 

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(e) conducted using the English language. Upon filing a claim, the filing Party
will simultaneously provide written notice of such claim to the other Party and
to the relevant administrator at the ICDR.

 

  20.3.1 Selection of Arbitrators. Within ten (10) Business Days of receipt of
the ICDR initiation letter, each Party shall select one neutral individual to
act as arbitrator. In addition, the Parties shall submit a written request to
AAA to use its normal procedures pursuant to the AAA Rules to appoint the third
arbitrator within five (5) Business Days of AAA’s receipt of such request. The
arbitrator appointed by AAA shall serve as the chairperson of the arbitration
panel. The Parties agree that the selection of arbitrators must be completed
within twenty-five (25) Business Days of receipt by both Parties of the ICDR
initiation letter.

 

  20.3.2 Cooperation. The Parties shall cooperate with each other in causing the
arbitration to be held in as efficient and expeditious a manner as practicable,
and in this respect to furnish such documents and make available such personnel
as the arbitrators may request.

 

  20.3.3 Reduction of Losses. The Parties have selected arbitration to expedite
the resolution of Disputes and to reduce the costs and burdens associated with
litigation. The Parties agree that the arbitrators should take these concerns
into account when determining whether to authorize discovery and, if discovery
is authorized, the scope of permissible discovery and other hearing and
pre-hearing procedures. The arbitrators shall render an award, including a
written decision, within ninety (90) calendar days after the arbitration notice
is provided, unless the Parties otherwise agree or the arbitrators make a
finding that a Party has carried the burden of showing good cause for a longer
time period.

 

  20.3.4 Binding Decision. The decision or award of the arbitrators will be
final and binding, and may be used as a basis for judgment thereon in any
jurisdiction. The award shall be in writing, shall be signed by a majority of
the arbitrators, and shall include a written decision setting out the reasons
for the disposition of any claim.

 

  20.3.5 Punitive Damages. Without limiting any other remedies that may be
available under applicable law, the arbitrators shall have no authority to award
punitive damages.

 

  20.3.6 Confidentiality. All proceedings and decisions of the arbitrators shall
be maintained in confidence to the extent legally permissible, and shall not be
made public by any Party or any arbitrator without the prior written consent of
the Parties, except as may be required by applicable laws.

 

  20.3.7 Losses. Each Party shall bear its own costs and attorneys fees, and the
Parties shall equally bear the fees, costs, and expenses of the arbitrators and
the arbitration proceedings charged by the arbitrators (“Arbitration Fees”);
provided, however, that (a) the filing Party shall pay any filing fees charged
by the AAA; and (b) the arbitrators may exercise discretion to award costs, but
not attorneys fees or Arbitration Fees, to the prevailing Party.

 

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  20.3.8 Obligations. The commencement and pendency of an arbitration under this
Section 20.3 shall not relieve either of the Parties of their respective
obligations under this Agreement.

 

  20.3.9 Limitations. A demand for arbitration shall not be made after the date
when institution of legal or equitable proceedings based upon such dispute would
be barred by the applicable statute of limitations or laches under the laws of
the State of Illinois, and the Parties expressly waive any causes of action
relating to any Dispute not brought within the period set forth therein.

 

20.4 Limitations. Notwithstanding Sections 20.2 and 20.3, nothing herein
restricts the rights of either Party to seek judicial resolution and remedy of
(i) any Disputes, following compliance with Sections 20.2 and 20.3, or (ii) any
claims, disputes, controversies, or other matters in question between the
Parties arising out of either Party’s breach of its obligations pursuant to
Section 16 or Section 17.

 

21. Entire Agreement

 

This Agreement, together with the Software License Agreement, the Development
Services Agreement and all Change Requests to the foregoing entered into by the
Parties prior to the Second Amended MSA Effective Date, constitutes the entire
understanding between the Parties with respect to the subject matter hereof and
supersedes all prior representations, agreements, negotiations and discussions
between the Parties, including that Letter Agreement entered into by the Parties
as of February 4, 2003.

 

22. Schedules and Change Requests

 

Each of the schedules attached hereto is a part of and incorporated into this
Agreement. Each Change Request relating to the Original MSA or First Amended MSA
entered into by the Parties prior to the Second Amended MSA Effective Date is a
part of and is incorporated by reference into this Agreement. Unless otherwise
indicated therein, all capitalized terms contained within such Change Requests
and/or the schedules will have the meanings ascribed to them in the main body of
this Agreement.

 

23. Amendments

 

Except as expressly provided for herein, this Agreement may be amended only by
an instrument in writing signed by a duly authorized representative of each
Party.

 

24. Binding Provisions/Third Party Beneficiaries

 

This Agreement is binding upon, and shall inure to the benefit of, the Parties
and their respective administrators, legal representatives, successors, and
permitted assigns. The Parties agree that no provision of this Agreement is
intended, expressly or by implication, to purport to confer a benefit or right
of action upon a third party (whether or not in existence, and whether or not
named, as of the Effective Date).

 

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25. Assignment and Sublicensing

 

Except as otherwise expressly provided herein, the CBOT shall not assign,
transfer or sublicense any right or obligation under this Agreement without the
prior written approval of AEMS. Notwithstanding the foregoing, the CBOT may
assign this Agreement to: (a) the Electronic Chicago Board of Trade, Inc.;
(b) CBOT Holdings, Inc. (“Holdings”); or (c) a wholly owned exchange subsidiary
of Holdings, as described in the Registration Statement on Form S-4 filed by
Holdings with the Securities and Exchange Commission (“SEC”) on October 24, 2001
(the “Registration Statement”), as amended by Amendment No. 9 to the
Registration Statement filed with the SEC on November 10, 2004 (“Amendment
No. 9”), or any subsequent amendment thereto; provided that the structure of the
exchange subsidiary is in a form substantially the same as that described in
Amendment No. 9; and provided further that, in the event of any assignment
permitted by this sentence, each of the CBOT and Holdings will provide to AEMS a
written guarantee of the performance of all obligations of the permitted
assignee in the form of the Guaranty attached as Schedule M to the Software
License Agreement. AEMS may, in AEMS’s sole discretion, assign this Agreement
and/or some or all of its rights and obligations under this Agreement to an
Affiliate of Euronext, N.V. that is capable of performing the obligations of
AEMS under this Agreement.

 

26. Force Majeure

 

If the performance of this Agreement by either Party is prevented, hindered,
delayed or otherwise made impracticable by reason of any Force Majeure Event,
that Party shall be excused from such performance to the extent that it is
prevented, hindered or delayed by such cause. In the event a Party becomes aware
of a Force Majeure Event that will affect its performance under this Agreement,
it shall notify the other Party as soon as reasonably practicable. The Parties
shall thereafter work together to take reasonable steps to mitigate the effects
of any inability to perform, if practicable.

 

27. Separability of Provisions

 

Each provision of this Agreement shall be considered separable; and if, for any
reason, any provision of this Agreement is determined by a court of competent
jurisdiction to be invalid, unlawful, or unenforceable, such determination shall
not affect the enforceability of the remainder of this Agreement or the
validity, lawfulness, or enforceability of such provision in any other
jurisdiction.

 

28. Waiver

 

The failure of a Party to exercise or enforce any right conferred upon it by
this Agreement shall not be deemed to be a waiver of any such right or operate
so as to bar the exercise or enforcement thereof at any time or times hereafter.

 

29. Remedies Not Exclusive

 

No remedy conferred by any provision of this Agreement is intended to be
exclusive of any other remedy, except as expressly provided in this Agreement,
and each and every remedy shall be cumulative and shall be in addition to every
other remedy given hereunder or now or hereafter existing in law or in equity or
by statute or otherwise.

 

 

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30. Notices

 

Except as otherwise expressly provided herein, all notices, certifications,
requests, demands, payments and other communications hereunder: (a) shall be in
writing; (b) may be delivered by certified or registered mail, postage prepaid;
by hand; by facsimile; or by any internationally recognized private courier;
(c) shall be effective (i) if mailed, on the date ten (10) days after the date
of mailing or (ii) if hand delivered, faxed, or delivered by private courier, on
the date of delivery; and (d) shall be addressed as follows:

 

If to the CBOT:

 

Board of Trade of the City of Chicago, Inc.

141 West Jackson Boulevard, Suite 600-A

Chicago, Illinois 60604 U.S.A.

Attention: Bryan T. Durkin

 

If to AEMS:

 

Atos Euronext Market Solutions Limited

6-8, boulevard Haussmann

75009 Paris

France

Attention: General Counsel

 

or to such other address or addresses as may hereafter be specified by notice
given by one Party to the other.

 

31. Announcements

 

Neither Party may refer to this Agreement in any publicity or advertising
materials without the other Party’s prior written consent.

 

32. Interpretation

 

32.1 Headings, Gender, “Including,” “Control” and Person. References to sections
and schedules are to sections of and schedules to this Agreement unless
otherwise indicated. Section headings are inserted for convenience of reference
only and shall not affect the construction of this Agreement. The masculine
gender shall include the feminine and the singular number shall include the
plural, and vice versa. Any use of the word “including” will be interpreted to
mean “including, but not limited to,” unless otherwise indicated. Any use of the
terms “controlling,” “controlled by” or “under common control with” shall have a
meaning consistent with the definition of “Control” set forth in Section 1.
References to any Person (including the Parties and any other entities referred
to) shall be construed to mean such Person and its successors in interest and
permitted assigns, as applicable.

 

32.2 Inconsistency. In the event of any inconsistency between the terms of the
main body of this Agreement and any schedule hereto, the terms of the main body
of this Agreement will govern to the extent of the inconsistency.

 

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33. Further Assurances

 

The Parties shall execute all such further documents and do all such further
acts as may be necessary to carry the provisions of this Agreement into full
force and effect.

 

34. Governing Law

 

The validity and effectiveness of this Agreement shall be governed by and
construed and enforced in accordance with the internal laws of the State of
Illinois, without giving effect to the provisions, policies or principles of any
state law relating to choice or conflict of laws. Subject to Section 20, any
legal action or proceeding with respect to this Agreement may be brought
exclusively in the Federal or state courts located in Chicago, Illinois,
including the United States District Court for the Northern District of
Illinois. The United Nations Convention on Contracts for the International Sale
of Goods shall not apply to this Agreement and is hereby disclaimed.

 

35. Counterparts

 

This Agreement may be executed in two counterparts, each of which when so
executed and delivered shall be deemed an original, and both of which together
shall constitute but one and the same instrument.

 

[Remainder of page intentionally left blank.

Signature page follows.]

 

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IN WITNESS WHEREOF, the Parties have executed this Second Amended and Restated
Managed Services Agreement as of the Second Amended MSA Effective Date.

 

ATOS EURONEXT MARKET SOLUTIONS LIMITED,

a company incorporated in England and Wales

By:  

 

--------------------------------------------------------------------------------

Name:  

 

--------------------------------------------------------------------------------

Its:  

 

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BOARD OF TRADE OF THE CITY OF CHICAGO, INC.,

a Delaware corporation

By:  

 

--------------------------------------------------------------------------------

Name:  

 

--------------------------------------------------------------------------------

Its:  

 

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SCHEDULES

 

Schedule A    –    Service Targets, Service Thresholds and CBOT Electronic
Exchange Parameters for Managed Services Schedule B    –    Software and
Documentation Schedule C    –    Managed Services and Maintenance Services
Governance Schedule D    –    Change Control Procedures Schedule E    –   
Master Summary Statement of Work Schedule F    –    CBOT Acceptable Use and
Harassment Policy Schedule G    –    Call Management Procedures Schedule H    –
   [Intentionally omitted] Schedule I    –    AEMS Core Network Acceptable Use
Policy Schedule J    –    CBOT Dependencies Schedule K    –    AEMS Security
Policy Schedule L    –    Trademark Usage Guidelines Schedule M    –    Charges
Schedule N    –    AEMS Travel/Expense Policy Schedule O    –    Credits and
Bonuses Schedule P    –    Schematics

 

 

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TABLE OF CONTENTS

 

          Page

--------------------------------------------------------------------------------

1.

   Definitions    3

2.

   Services    14

3.

   Support    18

4.

   Maintenance    20

5.

   Equipment    21

6.

   Core Network    27

7.

   General Obligations of the CBOT    27

8.

   General Obligations of Both Parties    28

9.

   Marketing    29

10.

   Project Management    30

11.

   Charges    30

12.

   Term    33

13.

   Termination    34

14.

   Consequences of Termination    35

15.

   Proprietary Rights    36

16.

   Confidentiality    37

17.

   Warranties    38

18.

   Indemnification    39

19.

   Liability    40

20.

   Dispute Resolution    41

21.

   Entire Agreement    43

 

 

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22.    Schedules and Change Requests    43 23.    Amendments    43 24.   
Binding Provisions/Third Party Beneficiaries    43 25.    Assignment and
Sublicensing    44 26.    Force Majeure    44 27.    Separability of Provisions
   44 28.    Waiver    44 29.    Remedies Not Exclusive    44 30.    Notices   
45 31.    Announcements    45 32.    Interpretation    45 33.    Further
Assurances    46 34.    Governing Law    46 35.    Counterparts    46

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EXECUTION

 

SCHEDULE A

 

SERVICE TARGETS, SERVICE THRESHOLDS AND

CBOT ELECTRONIC EXCHANGE PARAMETERS FOR MANAGED SERVICES

 

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TABLE OF CONTENTS

 

1.       INTRODUCTION    3 2.       SERVICES    3     2.1.       THE MANAGED
SERVICES    3         2.1.1.  

Managed IT Services

   3         2.1.2.  

Managed Support Services

   3 .   2.2.       PERFORMANCE MEASUREMENTS    4         2.2.1.  

Service Calendar

   4         2.2.2.  

Service Day

   4         2.2.3.  

Service Time

   4         2.2.4.  

Service Period

   4         2.2.5.  

Service Target

   4         2.2.6.  

Service Threshold

   4 3.       [**]    5     3.1.       [**]    5         3.1.1.  

[**]

   5         3.1.2.  

[**]

   6         3.1.3.  

[**]

   6         3.1.4.  

[**]

   6         3.1.5.  

[**]

   7         3.1.6.  

[**]

   7     3.2.       [**]    7         3.2.1.  

[**]

   8         3.2.2.  

[**]

   8         3.2.3.  

[**]

   9         3.2.4.  

[**]

   9         3.2.5.  

[**]

   9         3.2.6.  

[**]

   9 4.       [**]    10     4.1.       [**]    10         4.1.1.  

[**]

   20         4.1.2.  

[**]

   20         4.1.3.  

[**]

   20         4.1.4.  

[**]

   21         4.1.5.  

[**]

   22     4.2.       [**]    23 5.       CBOT Electronic Exchange Parameters   
28

 

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1. INTRODUCTION

 

The purpose of this document is to describe the Service Targets, Service
Thresholds and CBOT Electronic Exchange Parameters applicable to the Managed
Services. All times specified herein are in U.S. Central Time (“CT”). Times in
parentheses indicate the corresponding U.K. Time, except that during any period
in which U.K. Time and U.S. CT are not changed simultaneously, the difference
between U.S. CT and U.K. Time will be altered by one hour until the point at
which both U.K. Time and U.S. CT have changed.

 

2. SERVICES

 

  2.1 The Managed Services

 

The Service Targets described below apply to the following [**]

 

  2.1.1   [**]

 

  2.1.2  [**]

 

  2.2 Performance Measurements

 

[**]. The performance measurements for each Managed Service are comprised of a
combination of the components described below.

 

  2.2.1   Service Calendar

 

“Service Calendar” means the calendar days, measured by Central Time, during
which a Managed Service (or an element of such Managed Service, where specified)
is to be provided.

 

  2.2.2  Service Day

 

“Service Day” means that time period during those days, as specified in the
Service Calendar, between the (i) scheduled start time for a Managed Service (or
an element of such Managed Service, where specified) and (ii) the scheduled
close time for such Managed Service, as shown in Paragraph 4.

 

  2.2.3  Service Time

 

“Service Time” means the scheduled availability of a Managed Service, expressed
as the (i) scheduled start time of the Managed Service and (ii) scheduled close
time of the Managed Service, as shown in Paragraph 4.

 

  2.2.4  Service Period

 

“Service Period” means that [**] time period, agreed upon by the Parties, [**]

 

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  2.2.5  Service Target

 

“Service Target” means the targeted level of performance of a Managed Service
during the applicable Service Period, as set forth in Paragraph 4. Each Service
Target is defined within the context of one or more Service Thresholds.

 

  2.2.6   Service Threshold

 

“Service Threshold” means that limit, agreed upon by the Parties, in respect of
a Managed Service, beyond which the Service Target(s) for such Managed Service
may be adversely impacted. The Service Thresholds for each applicable Managed
Service are set forth in Paragraph 4.

 

  2.2.7  Product

 

“Product” means a securities, futures, or options contract.

 

  2.3 Review

 

During the thirty (30) day period commencing upon the later of (i) March 2,
2004, and (ii) the three (3) month anniversary of the latest date upon which all
of the Software existing as of the Go Live Date has been made available for use
by the CBOT Electronic Exchange in a real time live trading environment, the
Parties shall review a proposal from the CBOT to increase the [**]; provided
that in the event the Parties agree to increase any of the [**] as a result of
such review, such modification shall not increase in any respect AMES’s
financial risk or exposure under this Agreement.

 

3. [**]

 

  3.1 [**]

 

[**]   (    (        [**]   

    )[**])

              [**]          

 

  [**]

  3.1.1 [**]

  [**]

 

    Condition        Criteria     

[**]

      [**]          

 

  3.1.2   [**]

  [**]

 

    Condition        Criteria     

[**]

      [**]          

 

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  3.1.3  [**]

 

[**]

                      Condition        Criteria     

[**]

      [**]          

 

  3.1.4   [**]

 

[**]

                      Condition        Criteria     

[**]

      [**]          

 

  3.1.5   [**]

 

[**]

                      Condition        Criteria     

[**]

      [**]          

 

  3.1.6   [**]

 

[**]

                      Condition        Criteria     

[**]

      [**]          

 

  3.2 [**]

 

[**]

 

is calculated for each Service Period as shown below:

 

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[**]   (    (        [**]   

    ) [**])

              [**]          

 

[**]

 

  3.2.1   [**]

 

[**]

 

    Condition        Criteria     

[**]

      [**]          

 

  3.2.2   [**]

 

[**]

 

    Condition        Criteria     

[**]

      [**]          

 

  3.2.3   [**]

 

[**]

 

    Condition        Criteria     

[**]

      [**]          

 

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AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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  3.2.4   [**]

 

[**]

 

    Condition        Criteria     

[**]

      [**]          

 

  3.2.5   [**]

 

[**]

 

    Condition        Criteria     

[**]

      [**]          

 

 

  3.2.6   [**]

 

[**]

 

    Condition        Criteria     

[**]

      [**]          

 

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AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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4. [**]

 

  4.1 [**]

 

[**]

--------------------------------------------------------------------------------

 

SERVICE CALENDAR

--------------------------------------------------------------------------------

 

SERVICE TIME

Service Start

--------------------------------------------------------------------------------

 

SERVICE TIME

Service Close

--------------------------------------------------------------------------------

 

SERVICE TARGET

--------------------------------------------------------------------------------

 

SERVICE
THRESHOLD

--------------------------------------------------------------------------------

[**]  

[**] per week

(“dpw”) [**]

  [**]   [**]   [**]   [**] [**]       [**]             [**]       [**]   [**]  
      [**]       [**]   [**]         [**]       [**]   [**]         [**]      
[**]   [**]         [**]       [**]   [**]         [**]       [**]   [**]      
  [**]       [**]   [**]         [**]   [**]   [**]   [**]   [**]   [**] [**]  
[**]   [**]   [**]   [**]   [**]

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES

AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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[**]

--------------------------------------------------------------------------------

 

SERVICE CALENDAR

--------------------------------------------------------------------------------

 

SERVICE TIME

Service Start

--------------------------------------------------------------------------------

 

SERVICE TIME

Service Close

--------------------------------------------------------------------------------

 

SERVICE TARGET

--------------------------------------------------------------------------------

 

SERVICE
THRESHOLD

--------------------------------------------------------------------------------

[**]   [**]   [**]   [**]   [**]   [**] [**]   [**]   [**]   [**]   [**]   [**]
[**]   [**]   [**]   [**]   [**]   [**] [**]   [**]   [**]   [**]   [**]   [**]
[**]   [**]   [**]   [**]   [**]   [**] [**]   [**]   [**]   [**]   [**]   [**]
[**]   [**]   [**]   [**]   [**]   [**] [**]   [**]   [**]   [**]   [**]   [**]
[**]   [**]   [**]   [**]   [**]     [**]   [**]   [**]   [**]   [**]   [**]

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES

AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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[**]

--------------------------------------------------------------------------------

 

SERVICE CALENDAR

--------------------------------------------------------------------------------

 

SERVICE TIME

Service Start

--------------------------------------------------------------------------------

 

SERVICE TIME

Service Close

--------------------------------------------------------------------------------

 

SERVICE TARGET

--------------------------------------------------------------------------------

 

SERVICE
THRESHOLD

--------------------------------------------------------------------------------

[**]   [**]   [**]   [**]   [**]   [**] [**]   [**]   [**]   [**]   [**]   [**]
[**]   [**]   [**]   [**]   N/A   N/A [**]   [**]   [**]   [**]   [**]   [**]
[**]   [**]   [**]   [**]   [**]   [**] [**]   [**]   [**]   [**]   [**]   [**]

 

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[**]

--------------------------------------------------------------------------------

 

SERVICE CALENDAR

--------------------------------------------------------------------------------

 

SERVICE TIME

Service Start

--------------------------------------------------------------------------------

 

SERVICE TIME

Service Close

--------------------------------------------------------------------------------

 

SERVICE TARGET

--------------------------------------------------------------------------------

 

SERVICE
THRESHOLD

--------------------------------------------------------------------------------

[**]  

[**] except U.S.

bank holidays.

      [**]   [**]   [**] [**]       [**]   [**]         [**]       [**]   [**]  
     

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

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  4.1.1 [**]

 

File

--------------------------------------------------------------------------------

 

Direction of
Transmission

--------------------------------------------------------------------------------

 

Frequency

--------------------------------------------------------------------------------

 

[**]

--------------------------------------------------------------------------------

 

[**]

--------------------------------------------------------------------------------

 

[**]

--------------------------------------------------------------------------------

[**]   CBOT -> AMES   [**]   [**]   [**]   [**] [**]   CBOT -> AMES   [**]  
[**]   [**]   [**]

 

  4.1.2 [**]

 

File

--------------------------------------------------------------------------------

 

Direction of
Transmission

--------------------------------------------------------------------------------

 

Frequency

--------------------------------------------------------------------------------

 

[**]

--------------------------------------------------------------------------------

 

[**]

--------------------------------------------------------------------------------

 

[**]

--------------------------------------------------------------------------------

[**]   AMES -> CBOT   [**]   [**]   [**]   [**]

 

  4.1.3 [**]

 

File

--------------------------------------------------------------------------------

 

Direction of
Transmission

--------------------------------------------------------------------------------

 

Frequency

--------------------------------------------------------------------------------

 

[**]

--------------------------------------------------------------------------------

 

[**]

--------------------------------------------------------------------------------

 

[**]

--------------------------------------------------------------------------------

[**]   AMES -> CBOT   [**]   [**]   [**]   [**]

 

  4.1.4 [**]

 

File

--------------------------------------------------------------------------------

 

Direction of
Transmission

--------------------------------------------------------------------------------

 

Frequency

--------------------------------------------------------------------------------

 

[**]

--------------------------------------------------------------------------------

 

[**]

--------------------------------------------------------------------------------

 

[**]

--------------------------------------------------------------------------------

[**]   CBOT -> AMES   [**]   [**]   [**]   [**] [**]   CBOT -> AMES   [**]  
[**]   [**]   [**] [**]   CBOT -> AMES   [**]   [**]   [**]   [**]

 

File

--------------------------------------------------------------------------------

 

Direction of
Transmission

--------------------------------------------------------------------------------

 

Frequency

--------------------------------------------------------------------------------

 

[**]

--------------------------------------------------------------------------------

 

[**]

--------------------------------------------------------------------------------

 

[**]

--------------------------------------------------------------------------------

[**]   AMES -> CBOT   [**]   [**]   [**]   [**] [**]   AMES -> CBOT   [**]  
[**]   [**]   [**]

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND

EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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  4.1.5 [**]

 

[**]

--------------------------------------------------------------------------------

 

Target Restoration Time for Services

--------------------------------------------------------------------------------

[**]

  [**]      

[**]

   

[**]

   

 

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EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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  4.2 [**]

 

[**]

--------------------------------------------------------------------------------

  

SERVICE
CALENDAR

--------------------------------------------------------------------------------

  

SERVICE TIME

Service Start

--------------------------------------------------------------------------------

  

SERVICE TIME

Service Close

--------------------------------------------------------------------------------

  

SERVICE TARGET

--------------------------------------------------------------------------------

  

SERVICE THRESHOLD

--------------------------------------------------------------------------------

[**]

   [**]    [**]    [**]    [**]    [**]

[**]

   [**]    [**]    [**]    [**]     

[**]

   [**]    [**]    [**]    [**]     

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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[**]

--------------------------------------------------------------------------------

  

SERVICE
CALENDAR

--------------------------------------------------------------------------------

  

SERVICE TIME

Service Start

--------------------------------------------------------------------------------

  

SERVICE TIME

Service Close

--------------------------------------------------------------------------------

  

SERVICE TARGET

--------------------------------------------------------------------------------

  

SERVICE THRESHOLD

--------------------------------------------------------------------------------

[**]

   [**]    [**]    [**]    [**]    [**]

[**]

   [**]    [**]    [**]    [**]    [**]

[**]

   [**] except U.S. bank holidays    [**]    [**]    [**]     

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES

AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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5. CBOT ELECTRONIC EXCHANGE PARAMETERS

 

  5.1 Definitions

 

[**]

 

  5.2 Connections

 

  5.2.1 [**]

 

  5.2.2 [**]

 

  5.3 Market Makers

 

  5.4 Products

 

  5.5 [**]

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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EXECUTION

 

SCHEDULE B

 

SOFTWARE AND DOCUMENTATION

 

Part 1 - Software

 

[**]

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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Part 2 – Documentation

 

  (a) Unrestricted Documentation

 

  1. LIFFE CONNECT™ Application Program Interface and Changes

 

  2. Application Program Interface (API) Reference Manual

 

  3. LIFFE CONNECT™ Application Program Interface Installation notes

 

  4. How the Market Works

 

  (b) Restricted Documentation

 

    

Title

--------------------------------------------------------------------------------

  

Number of

Authorized Copies

--------------------------------------------------------------------------------

    

1.

   [**]    20     

2.

   [**]    20     

3.

   [**]    20     

4.

   [**]    20     

5.

   [**]    20     

6.

   [**]    20     

7.

   [**]    20     

8.

   [**]    20     

9.

   [**]    20     

10.

   [**]    20     

11.

   [**]    20     

 

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Part 3 – Software, Locations and Operating Systems

 

Software

--------------------------------------------------------------------------------

  

Location

--------------------------------------------------------------------------------

  

Operating System

--------------------------------------------------------------------------------

[**]

  

[**] (“Data Centre 1”) [**] (“Data Centre 2”) [**]

[**] (“Data Center 3”) (Development Centre”)

   [**]

[**]

   Equipment Installation Sites    [**]

[**]

   Equipment Installation Sites    Unix OS

[**]

   Data Centre 1, Data Centre 2, Data Center 3, Development Centre    Windows
Server OS

[**]

   Data Centre 1, Data Centre 2, Data Center 3, Development Centre    Windows
Server OS

[**]

   Data Centre 1, Data Centre 2, Data Center 3, Development Centre    Windows
Server OS

[**]

   Data Centre 1, Data Centre 2, Data Center 3, Development Centre    Windows
Server OS

[**]

   [**]    Windows Desktop OS

[**]

   Data Centre 1 and Data Centre 2 Data Center 3    Windows Desktop OS

[**]

  

Data Centre 1, Data Centre 2, Data Center 3,

Development Centre

   Unix OS

[**]

   Data Centre 1, Data Centre 2, Data Center 3, Development Centre    Unix OS

[**]

   Data Centre 1, Data Centre 2, Data Center 3, Development Centre    Unix OS

[**]

   Data Centre 1, Data Centre 2, Data Center 3, Development Centre    Windows
Server OS

[**]

   Data Centre 1, Data Centre 2, Data Center 3, Development Centre    Unix OS,
Windows Server OS

[**]

   Data Centre 1, Data Centre 2, Data Center 3, Development Centre    Unix OS

[**]

   Data Centre 1, Data Centre 2, Data Center 3, Development Centre    Unix OS

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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EXECUTION

 

SCHEDULE C

 

MANAGED SERVICES AND MAINTENANCE SERVICES GOVERNANCE

 

1. Project Manager and Service Manager

 

  1.1 Appointments. AEMS shall appoint and inform the CBOT of the identity of a
service manager to oversee the Managed Services and the Maintenance Services on
a day-to-day basis (“AEMS’s Service Manager”). The CBOT shall appoint and inform
AEMS of the identity of CBOT’s Project Manager. Each Party shall promptly notify
the other Party in writing of any substitutions or replacements of AEMS’s
Service Manager or CBOT’s Project Manager, as applicable, and shall take all
reasonable steps to minimize any potentially adverse effects of such changes.

 

  1.2 Meetings. Following the end of each Service Period, AEMS’s Service Manager
and CBOT’s Project Manager will meet in person and/or conference telephonically,
as the Parties may agree (“Service Review”), at least once a month (i) to review
the Managed Services and the Maintenance Services and discuss the day-to-day
operational issues arising from the provision of such Services by AEMS,
including any management or financial issues relating to the Managed Services or
the Maintenance Services, and Change Requests; and (ii) to compare (x) the
actual Managed Services provided during the Service Period immediately preceding
the date of the meeting to (y) the Service Targets for such Service Period. AEMS
shall, in consultation with the CBOT, prepare (a) a report regarding such
comparison of the Managed Services to the Service Targets (a “Service Report”);
and (b) minutes of the Service Review meeting.

 

  1.3 Service Review. If the reviews conducted pursuant to Paragraph 1.2 above
indicate either that (a) a Service Threshold or CBOT Electronic Exchange
Parameter in respect of one of the Managed Services was exceeded during the
relevant Service Period or (b) a Service Target was not met during the Service
Period, AEMS’s Service Manager will initiate a further service review with
CBOT’s Project Manager to establish an appropriate course of action in relation
to the exceeded Service Threshold and/or CBOT Electronic Exchange Parameter,
and/or missed Service Target. Such courses of action may include:

 

  (i) Renegotiation of the relevant Service Threshold and/or Service Target;

 

  (ii) No action; or

 

  (iii) Changes implemented by AEMS and/or the CBOT.

 

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  1.4 Escalation. AEMS’s Service Manager and CBOT’s Project Manager shall, as
promptly as reasonably practicable, escalate to the Governance Committee any
issues AEMS’s Service Manager and CBOT’s Project Manager are unable to resolve
between them.

 

  1.5 Reports.

 

  (a) Service Reports. The Interim Service Reports and the Service Reports shall
be prepared by AEMS, in consultation with the CBOT, as set forth in accordance
with Paragraph 1.2 above.

 

  (b) Reports for Governance Committee. CBOT’s Project Manager and AEMS’s
Service Manager shall work together to prepare reports relating to (i) any issue
requiring escalation to the Governance Committee in accordance with Paragraph
1.4 above, and (ii) any other matters the Parties wish to present to the
Governance Committee, including, for example, Market Participant issues relating
to the Managed Services or the Maintenance Services and overviews of AEMS’s
performance of the Managed Services (the Interim Service Reports, the Service
Reports, and such other reports prepared pursuant to this Paragraph 1.5(b),
collectively, the “Reports”).

 

2. The Governance Committee

 

  2.1 Composition of Committee. In accordance with such terms as the Parties
agree upon, the Parties shall establish a “Governance Committee.” AEMS’s Service
Manager and the CBOT’s Project Manager shall co-chair the Governance Committee.
Constitution of the remaining members of the Governance Committee shall be as
agreed upon by the Parties.

 

  2.2 Objectives. The objective of the Governance Committee is to act as a forum
for each Party to raise and address any operational issues that may arise with
respect to the Managed Services or the Maintenance Services, including (a)
issues that have not been resolved between CBOT’s Project Manager and AEMS’s
Service Manager; (b) Change Requests regarding the Managed Services or the
Maintenance Services; (c) Market Participant issues relating to the Managed
Services or the Maintenance Services; and (d) an overview of AEMS’s performance
of the Managed Services and the Maintenance Services.

 

  2.3 Meetings. The Governance Committee shall meet in person and/or conference
telephonically, as the Parties may agree, at least monthly. Meetings of the
Governance Committee may be called upon reasonable notice by either Party. The
agenda for the monthly meetings shall include the following:

 

  (i) Managed Services performance levels during the preceding month and, in
particular, conformity with the Service Targets;

 

  (ii) Progress of Change Requests regarding the Managed Services or the
Maintenance Services; and

 

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  (iii) Any relevant Market Participant issues arising during the preceding
month.

 

  2.4 Reports. At any meeting of the Governance Committee, the Parties may
present (a) Change Requests under consideration pursuant to the Change Control
Procedures and (b) any Reports; provided that such Change Requests and/or
Reports have been distributed to each Governance Committee member prior to such
meeting.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

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EXECUTION

 

SCHEDULE D

 

CHANGE CONTROL PROCEDURES

 

1. OVERVIEW

 

The change control procedures set forth herein and diagrammed in chart form in
Appendix 1 to this Schedule D, shall be used whenever the CBOT or AEMS has a
requirement to change any component of the Services.

 

The individual designated by AEMS to handle the day-to-day management of Change
Requests and/or Summary Statements of Work on behalf of AEMS (“AEMS’s Project
Manager”) will be the principal contact at AEMS regarding the change control
procedures and will serve as the administrator of the Change Control Procedures.
The representative of the Party requesting the change will be referred to herein
as the “Change Requester.”

 

2. PROCEDURES

 

2.1 SUBMIT CHANGE REQUEST

 

  (a) To initiate the change control process, the Change Requester must set
forth on a Change Request Form, a copy of which is attached as Appendix 2 to
this Schedule D: (i) the name of the Party requesting the change, (ii) the
Change Requester’s name, (iii) the date of the request, (iv) a description of
the desired change, (v) the designated priority of such change (i.e., high,
normal or low) and (vi) the reason(s) for requesting the change.

 

  (b) The Change Requester must then send the Change Request Form to AEMS’s
Project Manager.

 

  (c) AEMS’s Project Manager will, within twenty-four (24) hours of receipt of
the Change Request Form, acknowledge such receipt by (i) issuing a number to
correspond with the Change Request Form; (ii) noting on the Change Request Form
the date of receipt of the Change Request Form, the name of AEMS’s Project
Manager, the Change Request Form number issued, and the date of issuance of such
number; and (iii) signing and dating the appropriate portion of the Form. AEMS’s
Project Manager will then (x) send to the Change Requester and, if the Party
requesting the change is AEMS, to the CBOT’s Project Manager, a copy of the
acknowledged Change Request Form and (y) record on the Change Request Form the
date such acknowledged Change Request Form was sent.

 

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2.2 PRELIMINARY REVIEW OF CHANGE REQUEST

 

Following acknowledgment of receipt of the Change Request Form, AEMS’s Project
Manager will undertake a preliminary review of the Change Request Form to ensure
that the Change Requester has provided the requisite details. If AEMS’s Project
Manager, in his or her reasonable judgment, determines that the information
provided is insufficient, AEMS’s Project Manager will contact the Change
Requester to request additional information. This cycle will continue until (i)
the requested information is provided or (ii) the Parties agree to file the
Change Request Form and close the matter accordingly. AEMS’s Project Manager
will not proceed with further assessment of the change request until and unless
such additional information is obtained. If AEMS’s Project Manager disagrees
with the priority of the requested change designated on the Change Request Form,
AEMS’s Project Manager and CBOT’s Project Manager shall review and discuss the
nature of the requested change and agree upon the priority for such change.

 

2.3 DETERMINATION OF WHETHER AN INITIAL ASSESSMENT IS TO BE CONDUCTED

 

  (a) Once AEMS’s Project Manager determines a Change Request Form provides
sufficient information and the portions of the Change Request Form noted above
have been completed, AEMS’s Project Manager will, within (i) ten (10) Business
Days, for a low priority change, (ii) four (4) Business Days, for a normal
priority change, or (iii) two (2) Business Days, for a high priority change,
thereafter contact the Change Requester and/or, if the Party requesting the
change is AEMS, the CBOT’s Project Manager, to discuss (i) whether an initial
assessment of the change request is to be undertaken and (ii) the date by which
any initial assessment should be completed.

 

  (b) If AEMS’s Project Manager and the Change Requester and/or, if the Party
requesting the change is AEMS, the CBOT’s Project Manager, agree that no initial
assessment of the change request is to be undertaken, AEMS’s Project Manager
will file the Change Request Form and close the matter accordingly.

 

  (c) In the circumstance where more than one initial assessment has been
undertaken for a particular change request, the Parties may agree to halt the
process of assessing the change request, in which case AEMS’s Project Manager
will file the Change Request Form and close the matter accordingly.

 

  (d) [**]

 

  (e) [**]

 

2.4 INITIAL ASSESSMENT

 

  (a) If AEMS’s Project Manager and the Change Requester and/or, if the Party
requesting the change is AEMS, the CBOT’s Project Manager, agree that an initial
assessment is to be undertaken, AEMS’s Project Manager will, unless otherwise
agreed, commence such initial assessment within (i) ten (10) Business Days, for
a low priority change, (ii) four (4) Business Days, for a normal priority
change, or (iii) two (2) Business Days, for a high priority change, thereafter
and shall use reasonable efforts to complete the initial assessment by the
agreed upon completion date.

 

  (b) As applicable to the particular change request, [**]:

 

     · [**]

 

     · [**]

 

     · [**]

 

     · [**]

 

     · [**]

 

     · [**]

 

     · [**]

 

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  (c) The Party requesting the change shall use reasonable efforts to ensure
that the Change Requester and other appropriate personnel are available to
provide to AEMS’s Project Manager information or other input or assistance
relating to the initial assessment.

 

2.5 ACCEPTANCE OF INITIAL ASSESSMENT

 

  (a) Once an initial assessment has been completed, AEMS’s Project Manager will
attach to the relevant Change Request Form a copy of any written results of the
initial assessment and provide to the Change Requester and, if the Party
requesting the change is AEMS, the CBOT’s Project Manager a copy of such
results. AEMS’s Project Manager and the Change Requester and/or, if the Party
requesting the change is AEMS, the CBOT’s Project Manager, will then discuss the
results of the assessment and determine (i) whether to accept or reject the
initial assessment and (ii) if the initial assessment is rejected, whether to
file the Change Request Form and close the matter or to continue performing the
initial assessment.

 

  (b) If the initial assessment is rejected and no further work on the initial
assessment is to be undertaken, AEMS’s Project Manager will file the Change
Request Form and close the matter accordingly.

 

  (c) If the initial assessment is rejected and it is agreed that additional
work on the initial assessment is to be conducted, AEMS’s Project Manager and
Change Requester and/or, if the Party requesting the change is AEMS, the CBOT’s
Project Manager, will agree upon a revised date of completion of the initial
assessment and AEMS’s Project Manager will carry out such further work and
repeat the applicable procedures set out in Paragraphs 2.4(b) and 2.5(a). This
cycle will continue until AEMS’s Project Manager and the Change Requester
and/or, if the Party requesting the change is AEMS, the CBOT’s Project Manager,
either (i) agree to the initial assessment and senior representatives of each
Party have executed the appropriate section of the Change Request Form, or (ii)
agree to file the Change Request Form and close the matter accordingly.

 

2.6 DETAILED PLAN

 

  (a) If AEMS’s Project Manager and the Change Requester and/or, if the Party
requesting the change is AEMS, the CBOT’s Project Manager, agree to the initial
assessment, then senior representatives of each Party will indicate such
acceptance on the Change Request Form by signing the appropriate section of the
Change Request Form.

 

  (b) AEMS’s Project Manager will then coordinate the production of a “detailed
plan” for the requested change and shall use reasonable efforts to complete the
“detailed plan” by the agreed upon completion date. Each such “detailed plan”
will include (i) an estimated schedule for implementation of the change
requested, and (ii) the Charges which would be associated with implementation of
the requested change.

 

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  (c) The Parties shall use reasonable efforts to ensure that appropriate
personnel are available to provide to AEMS’s Project Manager information or
other input or assistance relating to creation of the detailed plan.

 

2.7 ACCEPTANCE OF DETAILED PLAN

 

  (a) Once the detailed plan has been completed, AEMS’s Project Manager will
attach to the relevant Change Request Form a copy of the detailed plan and
provide to the Change Requester and, if the Party requesting the change is AEMS,
the CBOT’s Project Manager a copy of such detailed plan. Thereafter, AEMS’s
Project Manager and the Change Requester and/or, if the Party requesting the
change is AEMS, the CBOT’s Project Manager, will review the completed detailed
plan and determine (i) whether to accept or reject the detailed plan and (ii) if
the detailed plan is rejected, whether to file the Change Request Form and close
the matter or to continue working on the detailed plan.

 

  (b) If the detailed plan is rejected and no further work on the detailed plan
is to be undertaken, AEMS’s Project Manager will file the Change Request Form
and close the matter accordingly.

 

  (c) If the detailed plan is rejected and it is agreed that additional work on
the detailed plan is to be conducted, AEMS’s Project Manager will carry out such
further work and repeat the applicable procedures set forth in Paragraphs 2.6(b)
and 2.7(a). This cycle will continue until AEMS’s Project Manager and the Change
Requester and/or, if the Party requesting the change is AEMS, the CBOT’s Project
Manager, accept the detailed plan or agree to file the Change Request Form and
close the matter accordingly.

 

2.8 IMPLEMENT SOLUTION

 

  (a) If AEMS’s Project Manager and Change Requester and/or, if the Party
requesting the change is AEMS, the CBOT’s Project Manager, agree to accept the
detailed plan, then senior representatives of each Party (i) will indicate
acceptance of the change requested and the detailed plan by signing the
appropriate section of the Change Request Form and (ii) AEMS’s Project Manager
will coordinate the implementation of the change requested as per the detailed
plan.

 

  (b) The Parties shall use reasonable efforts to ensure that appropriate
personnel are available to provide assistance with implementing the change
requested as per the detailed plan.

 

  (c) AEMS’s Project Manager will periodically provide to the Parties a report
of the current status of the implementation of the change requested.

 

2.9 COMPLETE CHANGE REQUEST

 

  (a) Once implementation has been completed, senior representatives of the
Parties will each so indicate by signing the appropriate section of the Change
Request Form.

 

  (b) AEMS’s Project Manager will thereafter (i) arrange for an invoice to be
sent to the CBOT for any Charges associated with the build, test, and/or
implementation as appropriate of the requested change and (ii) file the
completed, and fully executed, Change Request Form.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

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Appendix 1 to Schedule D

 

LOGO [g49794flowchart.jpg]

 

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Appendix 2 to Schedule D

 

Change Request Form

 

Change
No.    Request      Change Requester Details & Authorization

 

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Name of Change Requester: __________

 

Party Requesting Change:

 

             AEMS

 

             CBOT

 

Priority of Change Requested:

 

             high

 

             normal

 

             low

  

Date             of             Request:     /    /            

 

[All dates required to be set out in this Change Request Form must be in the
format dd-mmm-yyyy e.g 29 Jan 2003.]

 

Description of Change

 

Continued on separate sheet - YES/NO

 

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Reason for Requested Change

 

Continued on separate sheet - YES/NO

Change Request Logged by AEMS’s Project Manager

 

Change Request Number Issued: _________

 

Date Request Received:     /     /            
                                Date Number Issued:    /    /            

 

Acknowledgement Sent:     /    /            

 

Name of the CBOT’s Project Manager [If AEMS is the Party requesting the Change]:
__________________________

 

Name of AEMS’s Project Manager:                                     

 

Signature of AEMS’s Project Manager:                                     

 

 

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Initial Assessment Completed (A copy of the written results of the initial

assessment is to be attached.)

 

Agreed Initial Assessment Completion Date     /    /            

 

Initial Assessment Accepted

 

[To be signed by senior representatives of each Party.]

 

Each of the signatories below hereby represents that he or she is authorized to
agree to the initial assessment on behalf of the entity for which he or she has
signed.

 

AEMS:

 

Name:                                          Signature:
                                    

 

Date:     /    /            

 

CBOT:

 

Name:                                          Signature:
                                    

 

Date:     /    /            

 

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Detailed Plan Completed (A copy of the written results of the initial assessment
is to

be attached.)

 

Agreed Detailed Plan Completion Date     /    /            

 

Detailed Plan Agreed; Implementation to Commence

 

[To be signed by senior representatives of each Party.]

 

Each of the signatories below hereby represents that he or she is authorized to
accept the detailed plan and this Change Request Form on behalf of the entity
for which he or she has signed.

 

AEMS:

 

Name:                                          Signature:
                                    

 

Date:     /    /            

 

CBOT:

 

Name:                                          Signature:
                                    

 

Date:     /    /            

 

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Change Request Agreed

 

[To be signed by senior representatives of each Party.]

 

Each of the signatories below hereby represents that he or she is authorized to
accept the detailed plan and this Change Request Form on behalf of the entity
for which he or she has signed.

 

AEMS:

 

Name:                                          Signature:
                                    

 

Date:     /    /            

 

CBOT:

 

Name:                                          Signature:
                                    

 

Date:     /    /            

 

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EXECUTION

 

SCHEDULE E

 

MASTER SUMMARY STATEMENT OF WORK

 

This Master Summary Statement of Work (this “SSOW”), dated as of the last date
signed below (the “SSOW Execution Date”) is between ATOS EURONEXT MARKET
SOLUTIONS LIMITED, a company incorporated in England and Wales (“AEMS”), and
BOARD OF TRADE OF THE CITY OF CHICAGO, INC., a Delaware corporation (the
“CBOT”).

 

This SSOW, including all Change Requests attached as Appendix A hereto, shall be
incorporated by reference into the Managed Services Agreement between the
Parties, dated as of [November     , 2005] (the “MSA”), and is subject to the
terms and conditions of the MSA. Unless otherwise indicated, capitalized terms
used but not otherwise defined herein shall have the meaning ascribed to them in
the MSA.

 

1. Definitions

 

If used in this SSOW, the following expressions shall mean, respectively:

 

“Accepted” means issuance by the CBOT of an Acceptance Certificate in relation
to the Software Change.

 

“Acceptance Criteria” means the criteria derived from the Software Change
Specifications that must be met by the Software Change in order to pass the
relevant Acceptance Test.

 

“Acceptance Test” means a test comprised of the Acceptance Criteria, Test Cases
and Test Data, and carried out in accordance with the relevant Test Plan and
Paragraph 3.

 

“Acceptance Testing” shall have the meaning set forth in Paragraph 2.2(c).

 

“Catch Up Period” shall have the meaning set forth in Paragraph 2.3.2.

 

“CBOT Defect” shall have the meaning set forth in Paragraph 3.3.2.2.

 

“CBOT Deliverables” means any and all software, documentation, or other
deliverables required to be provided by the CBOT pursuant to this SSOW.

 

“CBOT Software” shall have the meaning set forth in Paragraph 3.1.

 

“Documentation” means any operating manuals, user instructions, technical
literature, and other documentation supplied by AEMS to the CBOT for the
purposes of assisting the CBOT’s use of and/or access to the Software Change and
incorporation of the Software Change into the Trading System.

 

“Evidence” means evidence of a defect in the Software Change, including the date
the defect is detected; the environment (test or production) in which the defect
occurred; the business impact of the defect; component or subsystem – with the
version number in which the defect is detected; the transaction being executed
upon detection of the defect; the screen name if the defect can be evidenced by
an online component; any inputs (including Standing Data) evidencing the defect;

 

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expected outputs/behavior; outputs (such as messages and message logs)
evidencing the defect; whether the market mode at the time of the defect is
repeatable (yes/no); any stack trace and core dumps evidencing the defect; the
scenario that caused the failure (to be in a step by step format); the settings
of the user defined fields within the application (price limit values, etc.);
and any information, logs or traces evidencing the defect which are generated by
any third party application.

 

“Final Acceptance Certificate” means a certificate issued by the CBOT in
accordance with Paragraph 3.4, which certificate acknowledges that the Software
Change is ready to be made available for use in a real time live trading
environment, and may note any subsequent obligations agreed by the Parties.

 

“Initial Acceptance Certificate” means a certificate issued by the CBOT in
accordance with Paragraph 3.3.3.

 

“Integration Testing” shall have the meaning set forth in Paragraph 2.2(d).

 

“Key Milestones” shall have the meaning set forth in Paragraph 2.3.1.

 

“Material Defect” means a defect which results in a failure of the key
functionality of the Software Change to materially conform to the Software
Change Specifications. For the avoidance of doubt, “Material Defect” shall not
include any failures of a cosmetic or trivial nature, failures which do not
materially impact upon the use of the Trading System, including the Software
Change, or failures with respect to which a viable workaround has been
identified.

 

“Milestones” shall have the meaning set forth in Paragraph 2.3.

 

“MSA” shall have the meaning set forth above.

 

“Program Services Deliverables” means any and all Software Change,
documentation, or other deliverables required to be provided by AEMS pursuant to
this SSOW.

 

“Project Manager” means that individual responsible on behalf of AEMS or the
CBOT, as applicable, for the day to day management of the Program Services.

 

“Simulations” shall have the meaning set forth in Paragraph 2.2(e).

 

“Software Change Specifications” means any specifications for the Software
Change agreed upon by the Parties and set forth in Appendix A.

 

“SSOW” shall have the meaning set forth above.

 

“SSOW Effective Date” shall have the meaning set forth above.

 

“SSOW Go Live Date” means the earliest date, agreed by the Parties, upon which
any Software Change delivered by AEMS under this SSOW is made available for use
in a real time live trading environment.

 

“System Testing” shall have the meaning set forth in Paragraph 2.2(a).

 

“Test Cases” means those scripted tests used to verify Test Data.

 

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“Test Data” means a set of input values or conditions and results in either
value form or condition form, to verify that the performance of the Software
Change materially conforms to the Software Change Specifications.

 

“Test Material” means, collectively, Acceptance Criteria, Test Cases, Test Data
and Test Plans.

 

“Test Plans” means one or more documents setting out the procedures (including
the detailed timing) for each Acceptance Test, based on the Acceptance Criteria.

 

2. Services

 

2.1 Overview. AEMS shall use reasonable efforts to provide to the CBOT the
Program Services set forth in Change Request(s) attached as Appendix A, in
accordance with the terms of such Appendix A, this SSOW and the remaining
portions of the MSA. Any requests by either Party for material changes to the
nature or scope of the Program Services to be delivered under this SSOW must be
made in accordance with the Change Control Procedures. Appendix A shall (a) set
forth any Software Change Specifications; (b) specify any locations agreed upon
by the Parties to which such Software Change is to be delivered or at which it
is to be installed; and (c) specify the operating system(s) on which the
Software Change may be used.

 

2.2 Software Development Services. Unless otherwise specified in Appendix A, the
Program Services to be delivered under this SSOW shall include the following:

 

  (a) testing of the Software Change, prior to releasing such Software Change to
the CBOT for any Acceptance Testing to be conducted under this SSOW, in order to
ascertain whether the Software Change materially conforms to any Software Change
Specifications (“System Testing”);

 

  (b) physical delivery of the Software Change and any related Documentation
AEMS has agreed to provide to, and installation of the Software Change at such
location(s) as may be agreed upon by the Parties;

 

  (c) assisting the CBOT with Acceptance Testing of the Software Change, in
accordance with the procedures set forth in Paragraph 3 (“Acceptance Testing”);

 

  (d) assisting the CBOT with testing whether individual and collective
components of CBOT Technology conform with the Software Change (or any interface
components thereof), and whether any interface components of the Software Change
perform in accordance with the Software Change Specifications in accordance with
the procedures set forth in Paragraph 3 (“Integration Testing”); and

 

  (e) assisting the CBOT with simulations of the CBOT Electronic Exchange
utilizing the Software Change (“Simulations”).

 

2.3 Milestones. Any milestones in respect of the Program Services agreed upon by
the Parties shall be set out in Appendix A (the “Milestones”). AEMS shall use
reasonable efforts to meet any such Milestones, and shall have at its disposal
the resources necessary to meet such Milestones. The CBOT acknowledges that (a)
such Milestones are goals, not guarantees; and (b) AEMS’s ability to meet such
Milestones (i) is contingent upon the CBOT’s compliance with its applicable
obligations under the MSA, including the CBOT’s obligations under Section 11 of
the MSA and this SSOW; and (ii) may be affected by the CBOT’s initiation of a
further Change

 

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Request resulting in modification of the nature or scope of the Program Services
and any reinstatement of the Program Services following suspension of the
Program Services pursuant to Section 11.5 of the MSA.

 

  2.3.1 Key Milestone Likely Not To Be Met. In the event that Appendix A
identifies any key Milestones pertaining to the Program Services (“Key
Milestones”) and AEMS reasonably anticipates that any such Key Milestones may
not be met, then AEMS shall notify the CBOT promptly of the potential delay, and
shall inform the CBOT of AEMS’s basis for such determination. Thereafter, (a)
the Parties shall cooperate to identify resources, and to devise and carry out
measures, to facilitate the prompt completion of the Program Services associated
with such Key Milestone, and (b) AEMS’s Project Manager shall report on a daily
basis to the CBOT’s Project Manager AEMS’s progress in endeavoring to meet the
Key Milestone.

 

  2.3.2 Missed Key Milestone. In the event that any Key Milestone is not met,
AEMS shall promptly notify the CBOT of the missed Key Milestone. Thereafter, (a)
the Global Head of Trading Business Unit, AEMS shall report on a daily basis to
a representative of the CBOT at an equivalent level AEMS’s progress towards the
completion of the Program Services associated with such Key Milestone; and (b)
the Parties shall (i) continue to carry out any measures devised in accordance
with Paragraph 2.3.1 or, if no such measures have been devised, cooperate to
identify resources, and to devise and carry out measures, to facilitate the
prompt completion of the Program Services associated with the missed Key
Milestone; (ii) cooperate to identify resources, and to devise and carry out
measures, to mitigate the impact upon future Milestones of missing such Key
Milestone; and (iii) agree, in advance of carrying out any further endeavors to
complete the Program Services associated with the Key Milestone, [**] associated
with the missed Key Milestone during the period between the Key Milestone and
the date of completion of the Program Services associated with such Key
Milestone (the “Catch Up Period”); provided, however, that (x) [**]in the event
the delay in meeting the Key Milestone is a result of the CBOT’s failure to
fulfill any of its obligations under this SSOW or other portions of the MSA; and
(y) if the services associated with the missed Key Milestone are solely the
responsibility of AEMS, [**]during the Catch Up Period. Once the Program
Services associated with the Key Milestone have been completed, AEMS shall
notify the CBOT of the date of completion of such Program Services.

 

  2.3.3 [**]. In the event that any Key Milestone is not met, with respect to
Charges for all Program Services performed by AEMS during the Catch Up Period,
the CBOT may, at its option and upon written notice to AEMS, [**]the Payment
Date for such Charges; provided, however, that no [**] pursuant to this
Paragraph 2.3.3 shall be made in the event the delay in meeting the Key
Milestone is a result of the CBOT’s failure to fulfill any of its obligations
under this SSOW or other applicable portions of the MSA, including its
obligations under Section 11 of the MSA. Notwithstanding the foregoing, the
Parties agree that, upon the SSOW Go Live Date, all Program Services associated
with Key Milestones will be deemed to have been completed.

 

  2.3.4 Disputes. In the event of any Dispute with respect to the foregoing
Paragraphs 2.3.1 to 2.3.3, the Parties shall address such Dispute in accordance
with Section 20 of the MSA.

 

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2.4 Progress Reports. AEMS shall provide the CBOT written reports regarding the
status of AEMS’s performance of the Program Services, at intervals to be agreed
upon by the Parties.

 

3. Acceptance Testing

 

3.1 System Testing. Acceptance testing shall not commence until (a) AEMS has
notified the CBOT in writing that AEMS has reasonably determined that the
Software Change materially conforms to the Software Change Specifications and
(b) the CBOT has notified AEMS in writing that the CBOT has reasonably
determined that CBOT Deliverables comprising software (the “CBOT Software”)
materially conforms to the CBOT’s specifications for such CBOT Software and any
Interfaces specifications identified on Appendix A. Between delivery of such
notice to the other Party and the CBOT’s issuance of the Initial Acceptance
Certificate, (i) AEMS shall endeavor to provide the CBOT written notice of any
modifications of the Software Change, and (ii) the CBOT shall endeavor to
provide AEMS written notice of any modifications to the CBOT Software.

 

3.2 Preparation. Unless otherwise specified in Appendix A, Acceptance Testing
will consist of two phases: Integration Testing and Simulations. By no later
than the applicable Milestones, or such dates as are otherwise agreed upon by
the Parties, the CBOT shall, in consultation with AEMS, prepare and submit to
AEMS Acceptance Criteria, Test Cases, Test Data, and Test Plans in respect of
the Software Change, suitable to demonstrate that such Software Change can be
integrated with the Software (as defined in the MSA) and that the Software
Change materially conforms to the applicable portions of the Software Change
Specifications. AEMS shall review each such submission and shall notify the CBOT
of its objections or concerns with the submission. The CBOT shall cooperate in
good faith to modify the Test Material to address AEMS’s reasonable objections
and create mutually acceptable Test Material.

 

3.3 Integration Testing.

 

  3.3.1 Notification. Unless otherwise specified in Appendix A, commencing upon
any relevant Milestone set forth in Appendix A or upon any alternative date
agreed upon by the Parties, the CBOT shall, with AEMS’s reasonable assistance,
carry out Integration Testing at AEMS’s offices in London and the CBOT’s
facilities in Chicago, or elsewhere as the Parties may deem most appropriate to
facilitate acceptance testing and to meet any relevant Milestones.

 

  3.3.2 Suspected Defects.

 

  3.3.2.1  

Material Defects. If a Material Defect is suspected, (a) the CBOT shall,
immediately upon becoming aware of such suspected Material Defect, provide
AEMS’s Project Manager written notice of such suspected Material Defect,
together with all Evidence of such suspected Material Defect reasonably
available to the CBOT, and (b) at AEMS’s request, the Parties shall re-perform
the relevant Integration Testing and present the results thereof to each Party’s
Project Manager. If the Parties agree that Integration Testing has revealed a
Material Defect, the Parties shall document the nature of the Material

 

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Defect identified by the Integration Testing. As soon as reasonably practicable
thereafter, (i) AEMS shall use reasonable efforts to remedy the Material Defect
and shall notify the CBOT’s Project Manager once AEMS reasonably believes the
Material Defect has been remedied; and (ii) the Parties shall repeat the
Integration Testing, in whole or in part as necessary, to confirm that such
Material Defect has been remedied. If such initial efforts to remedy the
Material Defect prove unsuccessful, this cycle shall be repeated until (x)
Integration Testing results reveal no Material Defects or (y) the CBOT otherwise
agrees to issue an Initial Acceptance Certificate, and the CBOT shall not incur
any Charges for Services in respect of such repeated cycle(s) in the event that
the need to repeat such cycle is due to AEMS’s failure to remedy the Material
Defect.

 

  3.3.2.2   CBOT Defects. If Integration Testing reveals a defect in the CBOT
Software (a “CBOT Defect”), the Parties shall document the nature of the CBOT
Defect identified by the Integration Testing and provide to the CBOT’s Project
Manager any evidence of the CBOT Defect discovered during Integration Testing.
As soon as reasonably practicable thereafter, unless otherwise agreed by the
Parties, (i) the CBOT shall use reasonable efforts to remedy the CBOT Defect and
shall notify AEMS’s Project Manager once the CBOT reasonably believes the CBOT
Defect has been remedied; and (ii) the Parties shall repeat the Integration
Testing, in whole or in part as necessary, to confirm that such CBOT Defect has
been remedied. If such efforts to remedy the CBOT Defect prove unsuccessful,
this cycle shall be repeated until Integration Testing results reveal no CBOT
Defects.

 

  3.3.3 Initial Acceptance Certificate. Unless otherwise specified in Appendix
A, once all of the Software Change has completed Integration Testing
successfully, the CBOT shall promptly sign and deliver to AEMS’s Project Manager
an Initial Acceptance Certificate, which shall evidence the CBOT’s Acceptance of
the Software Change. Following the delivery of the Initial Acceptance
Certificate and subject to the terms thereof, no modifications, other than such
configuration changes as are agreed upon by the Parties and may be necessary for
purposes of carrying out the Simulations and/or for making the Software Change
and the CBOT Software available for trading in a real time live trading
environment, shall be made to the Software Change or the CBOT Software prior to
the SSOW Go Live Date, without the written consent of the Parties.

 

3.4 Simulations.

 

  3.4.1 Notification. Unless otherwise specified in Appendix A, following
issuance of the Initial Acceptance Certificate and in accordance with any
relevant Milestone, the CBOT shall, with AEMS’s reasonable assistance, carry out
Simulations.

 

  3.4.2 Suspected Defects.

 

  3.4.2.1  

Material Defects. If a Material Defect is suspected, (a) the CBOT shall,
immediately upon becoming aware of such suspected Material Defect, provide
AEMS’s Project Manager written notice of such suspected Material Defect,
together with all Evidence of such suspected Material Defect reasonably
available to the CBOT, and (b) at AEMS’s request, the Parties shall re-perform
the relevant Simulation and present the results thereof to each Party’s Project
Manager. If the Parties agree that a Simulation has revealed a Material Defect,
the Parties shall document the nature of the Material Defect identified by the
Simulation. As soon as reasonably practicable thereafter, (i) AEMS shall use
reasonable efforts

 

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to remedy the Material Defect and shall notify the CBOT’s Project Manager once
AEMS reasonably believes the Material Defect has been remedied; and (ii) the
Parties shall repeat the Simulation, in whole or in part as necessary, to
confirm that such Material Defect has been remedied. If such initial efforts to
remedy the Material Defect prove unsuccessful, this cycle shall be repeated
until (x) Simulation results reveal no Material Defects or (y) the CBOT
otherwise agrees to issue a Final Acceptance Certificate, and the CBOT shall not
incur any Charges for Services in respect of such repeated cycle(s) in the event
that the need to repeat such cycle is due to AEMS’s failure to remedy the
Material Defect.

 

  3.4.2.2   CBOT Defects. If a Simulation reveals a CBOT Defect, the Parties
shall document the nature of the CBOT Defect identified by the Simulation and
provide to CBOT’s Project Manager any Evidence of the CBOT Defect discovered
during Simulation. As soon as reasonably practicable thereafter, (i) the CBOT
shall use reasonable efforts to remedy the CBOT Defect and shall notify AEMS’s
Project Manager once the CBOT reasonably believes the CBOT Defect has been
remedied; and (ii) the Parties shall repeat the Simulation, in whole or in part
as necessary, to confirm that such CBOT Defect has been remedied. If such
efforts to remedy the CBOT Defect prove unsuccessful, this cycle shall be
repeated until Simulation results reveal no CBOT Defects.

 

  3.4.3 Final Acceptance Certificate. Unless otherwise specified in Appendix A,
once the Software Change has completed Simulations successfully, the CBOT shall
promptly sign and deliver to AEMS’s Project Manager a Final Acceptance
Certificate. Following the delivery of the Final Acceptance Certificate and
subject to the terms thereof, no modifications, other than such configuration
changes as are agreed upon by the Parties and may be necessary for purposes of
making the Software Change and the CBOT Software available for trading in a real
time live trading environment, shall be made to the Software Change or the CBOT
Software prior to the SSOW Go Live Date, without the written consent of the
Parties.

 

3.5 SSOW Go Live Date. Notwithstanding any provision to the contrary herein,
unless otherwise specified in Appendix A, the Software Change will not be made
available for use in a real time live trading environment until and unless the
CBOT has delivered to AEMS’s Project Manager an executed Final Acceptance
Certificate in accordance with Paragraph 3.4.3.

 

3.6 Disputes. Any Dispute relating to Acceptance Testing shall be addressed in
accordance with the dispute resolution procedures set forth in Section 20 of the
MSA.

 

3.7 Acceptance. All Software Change that has been Accepted pursuant to the terms
of this SSOW shall be deemed “Software” within the meaning of the MSA.

 

4. CBOT’s Dependencies

 

In addition to all other obligations of the CBOT set forth in this SSOW and
other portions of the MSA, the CBOT shall comply with those dependencies set
forth in Appendix A.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES

AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

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5. Project Managers

 

5.1 Appointments. Each Party shall appoint and inform the other Party of the
identity of a Project Manager to serve as the primary points of contact between
AEMS and the CBOT with respect to the Program Services to be delivered under
this SSOW.

 

5.2 Substitutions. Each Party shall promptly notify the other in writing of any
substitutions for or replacements of such individuals appointed in accordance
with Paragraph 5.1, as applicable, and shall take all reasonable steps to
minimize any potential adverse effects of such changes.

 

6. Charges

 

In consideration for AEMS’s performance of the Program Services hereunder, the
CBOT shall pay to AEMS the Program Services Charges, in accordance with Section
11 and Schedule M of the MSA.

 

7. Term.

 

The term of this SSOW will commence upon the SSOW Effective Date and will
continue until the (a) completion of the Program Services or (b) the expiration
or termination of the MSA, unless otherwise agreed by the Parties.

 

8. Proprietary Rights

 

In accordance with Section 15 of the MSA, as between the CBOT and AEMS, all
rights, title and interest in and to all Program Services Deliverables and other
materials provided by AEMS under this SSOW, including all copyrights,
trademarks, patents, trade secrets and other intellectual property inherent in
the foregoing or appurtenant thereto, shall be and remain vested in AEMS (or
AEMS’s Affiliates, suppliers or licensors, as applicable).

 

[Remainder of page intentionally left blank.

Signature page follows]

 

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IN WITNESS WHEREOF, the Parties have executed this Master Summary Statement of
Work as of the SSOW Effective Date.

 

ATOS EURONEXT MARKET SOLUTIONS LIMITED, a company incorporated in England and
Wales By:     Name:     Its:     Date:     BOARD OF TRADE OF THE CITY OF
CHICAGO, INC., a Delaware corporation By:     Name:     Its:     Date:    

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES

AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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Appendix A

 

[Change Request(s)]

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EXECUTION

 

SCHEDULE F

 

CBOT’S ACCEPTABLE USE AND HARASSMENT POLICIES

 

Chicago Board of Trade

Information Security Program Management

 

Acceptable Use Policy

 

Requirements

Table of Contents

 

1.

 

User Responsibilities

   Page 2

2.

 

Prohibited Uses

   Page 2

3.

 

Operational Data

   Page 3

4.

 

Right to Privacy

   Page 4

5.

 

Discoverability of Electronic Information

   Page 4

6.

 

Audits of the System

   Page 4

7.

 

Monitoring

   Page 4

8.

 

Non-Compliance Disciplinary Actions

   Page 4

 

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Chicago Board of Trade

Information Security Program Management

 

Acceptable Use Policy

 

General Policy

 

Chicago Board of Trade (CBOT®) requires that the use of the computing systems
and facilities located at, or operated by, the Chicago Board of Trade (CBOT)
will be conducted in an effective, efficient, ethical, and lawful manner.

 

This Acceptable Use Policy (referred to as “Policy”) supersedes any and all
prior policies relating to the subject matter contained herein. The CBOT
reserves the right to change or supplement this Policy at any time.

 

Purpose

 

The Chicago Board of Trade’s Acceptable Use Policy is intended to assure that
the use of the computing systems and facilities located at, or operated by, the
Chicago Board of Trade (CBOT) is conducted in an effective, efficient, ethical,
and lawful manner.

 

Applicability

 

This policy applies to all Chicago Board of Trade systems users of the computing
systems and facilities located at, or operated by, the Chicago Board of Trade
(CBOT).

 

Key Definitions

 

CBOT Computing Systems and Facilities - Any system including but not limited to
individual desktop and laptop computers, file and network servers, networks,
floppy disks, magnetic tapes, CDROM devices, telecommunications systems, or
other computing and storage devices provided or supported by any CBOT division.
Throughout the Policy, the CBOT’s Computing Systems and Facilities are
collectively referred to as “CBOT Systems”.

 

Use - The use of data/programs stored on CBOT Systems.

 

User - The person granted an account or accounts on CBOT Systems in order to
perform work in support of a CBOT program or project. A user may be an employee,
temporary help, contractor, consultant, or third party with whom special
arrangements have been made.

 

Note: The terms user, worker, and employee are all used to represent a full-time
employee, part-time employee, temporary help, contractor, consultant, or third
party that has special arrangements that give telecommuting access to CBOT
systems.

 

Responsibility for Implementing the Policy

 

Managers of all the Chicago Board of Trade systems users of the computing
systems and facilities located at, or operated by, the Chicago Board of Trade
(CBOT) are responsible for assuring that the use of these computing systems and
facilities is conducted in an effective, efficient, ethical, and lawful manner.

 

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Requirements

 

1. User Responsibilities The following requirements govern User
Responsibilities:

 

1.1 CBOT Systems are owned by CBOT and are operated by CBOT employees,
consultants, and other third parties such as temporary workers and are to be
used for authorized CBOT purposes only. Users are authorized to prepare and
store incidental personal data on CBOT systems provided that such usage does not
interfere with or affect the user’s performance or violate the law or any CBOT
standards of conduct. The CBOT assumes no liability for loss, damage, disclosure
or misuse of any such incidental personal data stored on CBOT Systems.

 

1.2 Users are responsible for protecting any information used and/or stored
within their CBOT accounts in accordance with the CBOT Information Security
Policies and Standards.

 

1.3 Users are required to report any weaknesses in CBOT Systems and any
incidents of possible misuse or violation of this Policy to their supervisor and
Information Security Program management.

 

2. Prohibited Uses Prohibited uses of CBOT Systems include but are not limited
to the following:

 

2.1 Users shall not attempt to access any data or programs contained on CBOT
Systems for which they do not have authorization.

 

2.2 Users shall not attempt to access CBOT Systems remotely except to transmit
or retrieve electronic mail (e-mail) or voicemail messages unless authorized by
a Vice President or Department Director.

 

2.3 Users shall not attempt to access non-CBOT Systems (e.g. the Internet or
external dial-up facilities) from CBOT Systems unless authorized by a Vice
President or Department Director.

 

2.4 Users shall not install software programs on CBOT Systems. Software programs
may be installed on CBOT Systems only by Departmental LAN (Local Area Network)
Administrators or those authorized by Information Technology Department Senior
Management.

 

2.5 Users may not use software that is not owned by, or licensed to, the CBOT.
This includes using CBOT Systems to copy any software documents or other
information protected under copyright law.

 

2.6 Users shall not make unauthorized copies of system configuration files (e.g.
password files) for their own personal use or on the behalf of others.

 

2.7 Users shall not purposely engage in activity with the intent to:

 

    harass, discriminate against, or intimidate others;

    degrade the performance of CBOT systems;

    deprive an authorized CBOT user access to a CBOT resource;

    obtain extra resources beyond those allocated (e.g. circumvent disk quotas
or otherwise violate resource allocation policies);

 

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    circumvent security measures or gain access to a CBOT System for which
proper authorization has not been granted.

 

2.8 Users shall not purposely create, store, transmit, or view illegal,
offensive, or inappropriate material, including but not limited to pornography,
hate/crime/violence-related material, and drug/alcohol-related material.

 

2.9 Users shall not use CBOT Systems to frequently engage in the solicitation of
non-CBOT business ventures or any political, religious, charitable, or personal
causes unless authorized in writing by the CBOT.

 

2.10 Users shall not download, install, or run security programs or utilities
which reveal weaknesses in the security of a system.

 

2.11 Users shall not remove CBOT Systems (e.g. software, hardware, design
specifications) from the CBOT premises unless authorized by a Vice President or
Department Director.

 

2.12 Users shall not forward any attorney-client message from CBOT legal counsel
to anyone else without said counsel’s authorization.

 

2.13 Users shall not transmit non-public information or attorney-client
communications via the Internet or other extranet connectivity.

 

3. Operational Data The following requirements govern Operational Data:

 

3.1 Users may not access “operational data” on CBOT Systems (i.e. non-public
data that relates to the operations of the CBOT, its members, member firms, or
other market participants), except pursuant to a regulatory purpose and upon
approval by a Vice President or Department Director.

 

3.2 Users authorized to access operational data may not update, delete, or
modify any such data unless authorized by a Vice President or Department
Director.

 

3.3 Non-CBOT users may not access operational data on CBOT Systems except
pursuant to a regulatory purpose, upon approval by a Vice President or
Department Director and upon execution of a confidentiality agreement.

 

4. Right to Privacy The following requirements govern Right to Privacy:

 

The CBOT has legal ownership of all information stored on or transmitted from
CBOT Systems. Therefore, users should have no expectation of privacy associated
with the information they store in or send through CBOT Systems.

 

To properly maintain and manage this information, the CBOT reserves the right to
access, review, monitor, copy, modify, and delete any information (including
personal data) transmitted through or stored on CBOT Systems and, where
appropriate, to disclose it to any party.

 

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5. Discoverability of Electronic Information The following requirements govern
Discoverability of Electronic Information:

 

Electronic information transmitted or stored anywhere on CBOT Systems is subject
to discovery and may be admissible in court or administrative proceedings.

 

6. Audits of the System The following requirements govern Audits of the System:

 

To ensure compliance with these policies, the CBOT may, without notice, conduct
periodic audits of CBOT Systems. The CBOT reserves the right to conduct special
audits at any time when a violation of this Policy is suspected. The CBOT will
investigate all information security incidents and report them to senior
management.

 

7. Monitoring The following requirements govern Monitoring:

 

7.1 In general terms, the CBOT does not engage in blanket monitoring of employee
communications on CBOT systems. The CBOT does, however, reserve the right to
monitor, access, retrieve, read, and/or disclose employee communications when:
(a) a legitimate business need exists that cannot be satisfied by other means,
(b) the involved employee is unavailable and timing is critical to a business
activity, (c) there is reasonable cause to suspect criminal activity or policy
violation, or (d) monitoring is required by law, regulation, or third-party
agreement.

 

7.2 CBOT employees will be notified of all CBOT Systems monitoring policies.
CBOT employees and their managers will be informed about all monitoring
activities with the only permissible exception being investigations of suspected
criminal activity.

 

8. Non-Compliance Disciplinary Actions The following requirements govern
Non-Compliance Disciplinary Actions:

 

8.1 The CBOT reserves the right to revoke the privileges of any user at any
time. Any noncompliance with these CBOT Systems user requirements will
constitute a security violation and will be reported to the management of the
CBOT user and Information Security Program Management. Security violations may
result in short-term or permanent loss of access to CBOT Systems. Serious
violations will result in disciplinary action, including termination of
employment.

 

8.2 Users who abuse their CBOT Systems privileges may also be subject to
external disciplinary action including civil or criminal legal action. By making
use of CBOT Systems, users consent to allow all information they store on CBOT
Systems to be divulged to law enforcement at the discretion of CBOT senior
executive management.

 

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AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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Harassment Policy

 

Sexual harassment is an infringement of an employee’s, applicant’s or
consultant’s right to work in an environment free from unlawful sexual pressure.
The CBOT® is strongly committed to a workplace free of sexual harassment. In
keeping with this policy, the CBOT will not tolerate sexual harassment of
employees, applicants, or consultants by other employees or non-employees in the
workplace.

 

Sexual harassment consists of unlawful verbal or physical conduct directed at a
person when that conduct is based on that person’s sex and has a substantial
adverse effect on him or her in the workplace. Such conduct may include, but is
not limited to, the following:

 

1. requests for sexual favors that may or may not be accompanied by threats or
promises of preferential treatment with respect to an individual’s employment
status;

 

2. verbal, written or graphic communications of a sexual nature, including lewd
or sexually suggestive comments, off-color jokes of a sexual nature or displays
of sexually explicit pictures, photos, posters, cartoons, books, magazines or
other items; or

 

3. patting, pinching, hitting or any other unnecessary contact with another
person’s body or threats to take such action.

 

Any employee, applicant or consultant who believes that he or she has been
sexually harassed in the workplace should report the harassment as soon as
possible after it occurs to their supervisor. Any complaint regarding harassment
by a CBOT employee should be presented to the complaining individual’s
supervisor or the CBOT Human Resources Department. Any supervisor who receives
such a complaint must notify the Human Resources Department of the complaint as
soon as possible. Complaints pertaining to harassment by members or member firm
employees should be directed to the head of Investigations in the Office of
Investigations and Audits. Complaints pertaining to harassment by other
non-employees should be directed to the Human Resources Department. The CBOT
will thoroughly investigate all complaints and will keep them confidential, only
disclosing them on a “need-to-know” basis.

 

The CBOT will not retaliate against any person who has been harassed and/or has
reported the harassment. No supervisor or other employee may in any way base an
employment decision regarding a person on the fact that the person has been
harassed and/or has reported the harassment to the CBOT.

 

The CBOT will not tolerate any violations of this policy. Violations of this
policy by employees or consultants will subject the offending employee(s) or
consultant(s) to appropriate disciplinary action up to and including discharge
from employment or termination of services. Members and their employees who
violate this policy will also be subject to appropriate disciplinary action.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES

AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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EXECUTION

 

SCHEDULE G

 

CALL MANAGEMENT PROCEDURES

 

1. CBOT’s Call Management Obligations.

 

  1.1 Market Participants. Upon receipt of each Call from a Market Participant,
the CBOT shall:

 

  1.1.1 Assess whether the Call relates to AEMS’s delivery of the Managed
Services.

 

  1.1.2 If the CBOT determines the Call relates to AEMS’s delivery of the
Managed Services:

 

  (a) log the information relating to the Call [**];

 

  (b) gather diagnostic or other relevant information and materials regarding
the subject matter of the Call Record, in a format agreed by the Parties;

 

  (c) [**];

 

  (d) provide AEMS all diagnostic or other relevant information and materials
collected in accordance with Paragraph 1.1.2(b);

 

  (e) provide AEMS’s any assistance as AEMS may reasonably request in responding
to the Call and addressing the subject matter of the Call Record;

 

  (f) upon receipt from AEMS of notification that the subject matter of the Call
Record has been addressed and that any issues identified in the Call have been
addressed, contact the Market Participant originating the Call, communicate to
such Market Participant the actions undertaken by AEMS in relation to the Call,
and endeavor to obtain the Market Participant’s agreement to “close” the Call
Record;

 

  (g) notify AEMS if the Market Participant fails to agree to “close” the Call
Record, and resolve any such issue in consultation with AEMS and, if necessary,
the Market Participant; and

 

  (h) subject to Paragraph 1.1.2(g) above, [**].

 

  1.1.3 If the CBOT determines the Call does not relate to AEMS’s delivery of
the Managed Services:

 

  (a) address the Call internally at the CBOT;

 

  (b)

contact the Market Participant originating the Call, communicate to such Market
Participant the actions addressing the issues raised, and endeavor

 

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to obtain the Market Participant’s agreement to “close” the Call Record; and

 

  (c) [**].

 

1.2 CBOT Personnel. In addition to performing the obligations set forth in
Paragraph 1.1, the CBOT shall:

 

  (a) log the information relating to each Call from CBOT personnel, including
any agents or subcontractors of the CBOT, relating to AEMS’s delivery of the
Managed Services [**];

 

  (b) gather and provide to AEMS diagnostic or other relevant information and
materials regarding the subject matter of the Call Record, in a format agreed by
the Parties;

 

  (c) [**]

 

  (d) provide AEMS any assistance as AEMS may reasonably request in addressing
the subject matter of the Call Record;

 

  (e) upon agreement by the Parties that such subject matter has been addressed,
agree to “close” the Call Record, and close the Call Record [**]; and

 

  (f) notify the AEMS Service Manager in the event of any dispute relating to
the Call, and address such dispute in accordance with those procedures set forth
in Schedule C.

 

2. AEMS’s Call Management Obligations.

 

2.1 Calls Routed by the CBOT. Following AEMS’s receipt of any Call Record routed
by the CBOT [**], AEMS shall, as part of the Call Management Service, assess the
nature of the subject matter of the Call Record. Thereafter, AEMS shall respond
to such Call by (a) endeavoring to answer questions relating to AEMS’s delivery
of the Managed Services; (b) initiating the appropriate Managed Service(s)
relevant to any request for an IMAC Service or data restoration or any report of
a Disaster or other Incident; (c) notifying the CBOT promptly if AEMS concludes
that such Call relates to an Exclusion; or (d) taking such other action as AEMS
deems appropriate to carry out its obligations under the Managed Services
Agreement. Once AEMS reasonably believes the subject matter of the Call Record
has been addressed, then AEMS shall so notify the CBOT.

 

2.2 Direct Calls from Market Participants. In the event AEMS receives a Call
directly from a Market Participant, AEMS shall refer the Call to the CBOT for
handling, in accordance with Paragraph 1. If AEMS nonetheless receives a Call
directly from a Market Participant and does not refer the Call to the CBOT for
handling, then (a) AEMS shall comply with the procedures set forth in Paragraph
1.1.2 and (b) the subject matter of such Call shall not be deemed to relate to
an Exclusion, unless AEMS has notified the CBOT, and obtained the CBOT’s
agreement, that the subject matter of such Call relates to an Exclusion.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES

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EXECUTION

 

SCHEDULE H

 

[INTENTIONALLY OMITTED]

 

 

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EXECUTION

 

SCHEDULE I

 

AEMS CORE NETWORK ACCEPTABLE USE POLICY

 

1. Permitted Purpose

 

Except as otherwise agreed by AEMS, those Persons authorized to use the Core
Network in relation to the CBOT Electronic Exchange (“Users”) shall use the Core
Network solely for purposes of participating in, accessing or obtaining
information from the CBOT Electronic Exchange via an Interface with the
Equipment.

 

2. Compliance with Laws

 

Users shall use the Core Network in accordance with all applicable laws and
regulations and any additional reasonable requirements as AEMS may deem
necessary to protect the Core Network. Without limiting the foregoing, Users
shall not use, transmit, distribute or store via the Core Network any data,
information or other material (“Data”) which (i) infringes or otherwise violates
any copyright, trademark, trade secret or other intellectual property of any
individual or entity; (ii) is pornographic, obscene, or exploitative of a minor;
(iii) is menacing, malicious, illegally threatening or defamatory; or (iv)
violates export laws or otherwise violates any applicable treaty, law or
regulation.

 

3. Harmful Activities

 

Users shall not use the Core Network to transmit, distribute or store any Data
or undertake any other activities that may be harmful to or otherwise interfere
with (i) the Core Network or the use thereof by any other User or other
authorized user of the Core Network, or (ii) any system, network or equipment of
AEMS or any third party, including: (i) intercepting or attempting to intercept
Data or other transmissions passing over the Core Network; (ii) forwarding chain
letters; (iii) sending multiple e-mails or large transmissions that could
reasonably be expected to annoy or harass or to impose a disproportionately
large load on, or degrade the functionality of, the Core Network (e.g., “mail
bombing”); (iv) sending any e-mail containing misleading or incorrect headers or
information rendering the origin of the e-mail unclear or deceptive; (v) sending
bulk or unsolicited e-mail messages (“spamming”), either directly or by
relaying; or (vi) transmitting any virus, worm or Trojan Horse.

 

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AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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4. Security

 

4.1 Users shall not violate or attempt to violate the security of the Core
Network or interfere or attempt to interfere with AEMS’s systems, networks,
authentication measures, servers or equipment or with the use of or access to
the Core Network by any other User or any other authorized user of the Core
Network. Such prohibited activity includes (i) logging into a server where
access is not authorized; (ii) probing, scanning, or testing the security or
vulnerability of the Core Network or other networks; and (iii) attempting to
gain access via the Core Network to any account or computer resource not
belonging to such User (“spoofing”).

 

4.2 Users shall not monitor Data or traffic on the Core Network except via a
Trading Application or Interface.

 

5. Enforcement

 

Except as may be agreed between AEMS and the CBOT, AEMS shall have no obligation
to monitor or exercise control over any Data transmitted, distributed or stored
by any User via the Core Network. Notwithstanding the foregoing, AEMS reserves
the right to monitor and control activities undertaken via the Core Network.

 

6. Responsibility

 

Each User is fully responsible for all uses of the Core Network undertaken (i)
by such User or (ii) via such User’s Trading Application or Interface.

 

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EXECUTION

 

SCHEDULE J

 

CBOT DEPENDENCIES

 

Business Decision Making

  [**]

CBOT Technology

  [**]

[**]

  [**]

Market Operations

  [**]

CBOT [**]

  [**]

CBOT [**]

  [**]

CBOT [**]

  [**]

Incidents

  [**]

 

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Technical Conformance  

[**]

CBOT Change Management Function  

[**]

Settlement Price Information  

[**]

Clearing  

[**]

CBOT Electronic Exchange Parameters and Service Thresholds  

[**]

File Transfers  

[**]

Product or Contract Changes  

[**]

Sun Microsystems  

[**]

 

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AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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EXECUTION

 

SCHEDULE K

 

AEMS SECURITY POLICY

 

1. [**] known as the “Remote Equipment.”

 

2. Remote Equipment – User IDs, Passwords and Virus Control

 

[**] To the extent that access to Managed Services via the Remote Equipment
requires a User ID and Password, such access will be in accordance with the
following policies:

 

  2.1 The CBOT will request and have final authority to approve all User IDs,
such request to be [**].

 

  2.2 All User IDs must be unique and may only be allocated to a named
individual who has a [**] to access the Managed Services via the Remote
Equipment.

 

  2.3 Each User ID must have a password for authentication.

 

  2.4 The CBOT must ensure that all passwords are kept private by each
individual and may not be revealed to any other Person.

 

  2.5 Passwords must not be [**] and must be constructed so as not to make them
easy to discover.

 

  2.6 All passwords will expire after [**].

 

  2.7 [**] which contain that information set forth in Paragraph 3.3 (the “ID
Records”).

 

  2.8 Where it is possible to allocate different levels of privilege to a User
ID, the CBOT must allocate the minimum level of privilege commensurate with the
designated responsibilities of each individual’s job role.

 

  2.9 Once an individual’s access to the Managed Services is no longer required,
the CBOT must (i) as soon as practical, revoke all privileges; and (ii) as soon
as practicable inform AEMS of such revocation [**].

 

  2.10 [**]. If [**] detects that a User ID has been inactive for [**], [**]
will (i) notify [**] of such inactivity and (ii) with [**] consent, which
consent shall not be unreasonably withheld or delayed, disable the User ID.

 

  2.11 The CBOT should implement appropriate measures to minimize risk posed to
the Remote Equipment by computer viruses. This includes but is not limited to:

 

[**]

 

  2.12 Upon detection of a suspected virus on any equipment used to access the
Remote Equipment, the CBOT will use good faith efforts to immediately thereafter
inform AEMS [**] describing the situation and the actions being taken to
minimize and eradicate the virus.

 

3. Audit

 

  3.1 AEMS reserves the right to perform an audit of the CBOT implementation of
the AEMS security policies by providing not less than [**] written notice.

 

  3.2 The CBOT shall provide all reasonable assistance to AEMS to investigate
and resolve any security incidents involving the Remote Equipment. This may
include AEMS staff access to the Remote Equipment.

 

  3.3 [**] Such records shall contain the following information:

 

[**]

 

4. Security Policies Modification

 

From time to time AEMS may modify its security policies via the Change Request
Procedures; provided, however, that in the event such modification is made as a
result of an immediate threat to security, AEMS may implement the modified
policy forthwith.

 

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES

AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

EXECUTION

 

SCHEDULE L

 

TRADEMARK USAGE GUIDELINES

 

LIFFE CONNECT® Logotype Standards

 

Contents

 

1

  

Basic elements

   2     

1.1

  

    Logotype

   2     

1.2

  

    LIFFE CONNECT® colours

   2

2

  

Design Guidelines for Print

   3     

2.1

  

    Critical space

   3     

2.2

  

    Colours

   3     

2.2.1  

  

LIFFE CONNECT® Gold

   3     

2.2.2  

  

LIFFE CONNECT® Red

   3     

2.2.3  

  

LIFFE CONNECT® Black

   3     

2.3

  

    Logotype backgrounds

   3

3

  

Design Guidelines for the Web

   4     

3.1

  

    Critical space

   4     

3.2

  

    Colours

   4     

3.2.1  

  

LIFFE CONNECT® Gold

   4     

3.2.2  

  

LIFFE CONNECT® Red

   4     

3.2.3  

  

LIFFE CONNECT® Black

   4     

3.3

  

    Logotype backgrounds

   4     

3.4

  

    Logo rendering

   4

4

  

Text

   5

 

© LIFFE 2002, 2003

 

All proprietary rights and interest in this publication shall be vested in LIFFE
Administration and Management (“LIFFE”) and all other rights including, but
without limitation, patent, registered design, copyright, trademark, service
mark, connected with this publication shall also be vested in LIFFE. LIFFE
CONNECT® is a trademark of LIFFE Administration and Management. No part of this
publication may be redistributed or reproduced in any form or by any means or
used to make any derivative work (such as translation, transformation, or
adaptation) without written permission from LIFFE. LIFFE reserves the right to
revise this publication and to make changes in content from time to time without
obligation on the part of LIFFE to provide notification of such revision or
change.

 

LIFFE Administration and Management

 

Cannon Bridge House . 1 Cousin Lane . London EC4R 3XX . United Kingdom

 

Telephone: +44 (0)20 7623 0444 Fax: +44 (0)20 7588 3624

 

http://www.liffe.com/

 

Registered in England no 1591809

 

LIFFE Administration and Management is a part of the Euronext Group.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES

AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

L-2

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

1. Basic elements

 

LOGO [g49794liffelogo.jpg]

 

1.1 Logotype

 

The LIFFE CONNECT® logotype is legally protected and registered and must be
reproduced accurately. The logo has been specially drawn and must not be altered
or modified in any way. The logo must always be used horizontally and never at
an angle.

 

1.2

LIFFE CONNECT® colours

 

The LIFFE CONNECT® logo is made up of three colours: gold, red and black. They
are defined and specified below for print and web.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

L-3

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

2. Design Guidelines for Print

 

2.1 Critical space

 

Space equivalent to the height of the main lettering of the logotype is to be
kept around all four sides of the logotype. This is a minimum and more should
always be given if possible.

 

2.2 Colours

 

2.2.1. LIFFE CONNECT® Gold

 

[**]

 

2.2.2 LIFFE CONNECT® Red

 

[**]

 

2.2.3 LIFFE CONNECT® Black

 

Black

 

2.3 Logotype backgrounds

 

Wherever possible, the logotype should be reproduced in LIFFE CONNECT® gold, red
and black.

 

In cases where only one colour reproduction of the logotype is possible it
should appear in single colour only using either LIFFE CONNECT® gold, red, black
or white.

 

On single colour items the logotype may appear in the colour that the item is
printed.

 

When appearing out of a coloured background the logotype must appear reversed
‘white out’ or in one colour black.

 

On four colour items the pantone colours may be converted to the equivalent in
cmyk.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

L-4

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

3. Design Guidelines for the Web

 

3.1 Critical space

 

Space equivalent to the height of the logotype L is to be kept around all four
sides of the logotype. This is a minimum and more should always be given if
possible.

 

3.2 Colours

 

3.2.1. LIFFE CONNECT® Gold

 

[**]

 

3.2.2. LIFFE CONNECT® Red

 

[**]

 

3.2.3. LIFFE CONNECT® Black

 

[**]

 

3.3 Logotype backgrounds

 

Wherever possible, the logotype should be reproduced in LIFFE CONNECT® gold, red
and black.

 

When appearing out of a coloured background the logotype must appear reversed
‘white out’ or in black.

 

3.4 Logo rendering

 

The LIFFE CONNECT® logotype must be rendered in its entirety as an image. It
must never be generated client-side. When rendered the logotype should be clear,
clean and crisp. Overall dimensions should be to an exact number of pixels to
avoid excessive anti-aliasing.

 

If used in Flash animations the logotype should be imported as a vector image.
It should not be modified or distorted.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

4. Text

 

LIFFE CONNECT® should be written in capitals and with the trademark registration
symbol (®) at all times.

 

For web sites, this only applies where LIFFE CONNECT® appears in a heading or as
body text on a web page. It is not relevant for file names or directory
structures.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

L-6

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

EXECUTION

 

SCHEDULE M

 

CHARGES

 

1. Managed Services

 

1.1 Managed Services Fee

 

The CBOT shall be charged a [**] fee for the Managed Services, other than the
Chicago Based Support and the IMAC Service, in accordance with the following
schedule (the “Managed Services Fee”), invoiced by AEMS in quarterly
installments in advance.

 

Year

--------------------------------------------------------------------------------

   Annual Fee*

--------------------------------------------------------------------------------

2003

   [**]

2004

   [**]

2005

   [**]

2006

   [**]

2007

   [**]

2008

   [**]

 

* The annual fees are subject to annual review by AEMS, and may be adjusted in
accordance with changes to the Service Thresholds and/or the CBOT Electronic
Exchange Parameters pursuant to the Change Control Procedures; provided,
however, that AEMS shall have no obligation to continue to provide the Managed
Services in the event that the CBOT fails to agree to any reasonable adjustment
of the annual fees proposed by AEMS.

 

1.2 Chicago Based Support Fee

 

The CBOT shall be charged a [**] fee for the Chicago Based Support, in
accordance with the following schedule (the “Chicago Based Support Fee”),
invoiced by AEMS in quarterly installments in advance.

 

Year

--------------------------------------------------------------------------------

   Annual Fee*

--------------------------------------------------------------------------------

2006

   [**]

2007

   [**]

2008

   [**]

 

* The annual fees are subject to annual review by AEMS, and may be adjusted in
accordance with changes to the Service Thresholds and/or the CBOT Electronic
Exchange Parameters pursuant to the Change Control Procedures; provided,
however, that AEMS shall have no obligation to continue to provide the Managed
Services in the event that the CBOT fails to agree to any reasonable adjustment
of the annual fees proposed by AEMS.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES

AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

M-1

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

2. Maintenance Services

 

  2.1 Software Maintenance Fee

 

The CBOT shall be charged for all Software Maintenance Services in accordance
with the following schedule (the “Software Maintenance Fee”), invoiced by AEMS
annually in advance:

 

Initial Term: [**] per annum [**]

 

First Renewal Term (if any): [**] per annum, adjusted by the greater of (i) [**]
(i.e., [**] per annum for each year of the Initial Term), and (ii) the [**]
during the Initial Term, up to a maximum of [**].

 

Second Renewal Term (if any). The Software Maintenance Fee for the first Renewal
Term, adjusted by the greater of (i) [**] per annum for each year of the first
Renewal Term, and (ii) the [**], during the first Renewal Term, up to a maximum
of [**].

 

For the avoidance of doubt, the Software Maintenance Fee covers the development
and licensing of New Software Releases, but does not cover any activities
undertaken by AEMS in accordance with the IMAC Service or in respect of
implementation of New Software Releases in accordance with Section 4.1.3 of the
Agreement. Any such activities will be charged in accordance with Paragraph 5.

 

  2.2 Equipment and Data Centre Maintenance Fee

 

The CBOT shall be charged a [**] fee for Equipment and Data Centre Maintenance
Services (excluding AEMS’s performance of those obligations set forth in Section
5.1.1 of the Agreement) in accordance with the following schedule (the
“Equipment and Data Centre Maintenance Fee”), invoiced by AEMS in quarterly
installments in advance.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES

AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

M-2

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

Year

--------------------------------------------------------------------------------

   Annual Fee*

--------------------------------------------------------------------------------

2003

   [**]

2004

   [**]

2005

   [**]

2006

   [**]

2007

   [**]

2008

   [**]

 

* The annual fees are subject to annual review by AEMS, and may be adjusted in
accordance with changes to the Service Thresholds and/or the CBOT Electronic
Exchange Parameters pursuant to the Change Control Procedures; provided,
however, that AEMS shall have no obligation to continue to provide the Equipment
and Data Centre Maintenance Services and/or Data Centre 3 Equipment and Data
Centre Maintenance Services in the event that the CBOT fails to agree to any
reasonable adjustment of the annual fees proposed by AEMS.

 

For the avoidance of doubt, the Equipment and Data Centre Maintenance Fee does
not cover any IMAC Service activities undertaken by AEMS or AEMS’s performance
of its obligations under Section 5.1.3 (Equipment changes).

 

  2.3 Data Centre 3 Equipment and Data Centre Maintenance Fee

 

The CBOT shall be charged a [**] fee for the Data Centre 3 Equipment and Data
Centre Maintenance Service in accordance with the following schedule (the “Data
Centre 3 Equipment and Data Centre Maintenance Fee”), invoiced by AEMS in
quarterly installments in advance. Such fee shall be exclusive of any
obligations of the CBOT in regard to [**].

 

Year

--------------------------------------------------------------------------------

   Annual Fee*

--------------------------------------------------------------------------------

 

2006

   $ [ **]

2007

   $ [ **]

2008

   $ [ **]

 

* The annual fees are subject to annual review by AEMS, and may be adjusted in
accordance with changes to the Service Thresholds and/or the CBOT Electronic
Exchange Parameters pursuant to the Change Control Procedures; provided,
however, that AEMS shall have no obligation to continue to provide the Equipment
and Data Centre Maintenance Services and/or Data Centre 3 Equipment and Data
Centre Maintenance Services in the event that the CBOT fails to agree to any
reasonable adjustment of the annual fees proposed by AEMS.

 

For the avoidance of doubt, the Data Centre 3 Equipment and Data Centre
Maintenance Fee does not cover any IMAC Service activities undertaken by AEMS or
AEMS’s performance of its obligations under Section 5.1.3 (Equipment Changes).

 

  2.4 Core Network Maintenance Fee

 

The CBOT shall be charged a [**] fee for all Core Network Maintenance Services
in accordance with the following schedule (the “Core Network Maintenance Fee”),
invoiced by AEMS annually in advance.

 

Year

--------------------------------------------------------------------------------

   Annual Fee*

--------------------------------------------------------------------------------

2003

   [**]

2004

   [**]

2005

   [**]

2006

   [**]

2007

   [**]

2008

   [**]

 

* The annual fees are subject to annual review by AEMS, and may be adjusted in
accordance with changes to the Service Thresholds and/or the CBOT Electronic
Exchange Parameters pursuant to the Change Control Procedures; provided,
however, that AEMS shall have no obligation to continue to provide the Core
Network Maintenance Services in the event that the CBOT fails to agree to any
reasonable adjustment of the annual fees proposed by AEMS.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES

AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

M-3

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

For the avoidance of doubt, the Core Network Maintenance Fee does not cover any
IMAC Service activities undertaken by AEMS.

 

2.5 Data Centre 3 Core Network Maintenance Fee

 

The CBOT shall be charged a [**] fee for all Data Centre 3 Core Network
Maintenance Services in accordance with the following schedule (the “Data Centre
3 Core Network Maintenance Fee”), invoiced by AEMS annually in advance. Such fee
shall be exclusive of any obligations of the CBOT in regard to [**].

 

Year

--------------------------------------------------------------------------------

   Annual Fee*

--------------------------------------------------------------------------------

 

2006

   $ [ **]

2007

   $ [ **]

2008

   $ [ **]

 

* The annual fees are subject to annual review by AEMS, and may be adjusted in
accordance with changes to the Service Thresholds and/or the CBOT Electronic
Exchange Parameters pursuant to the Change Control Procedures; provided,
however, that AEMS shall have no obligation to continue to provide the Core
Network Maintenance Services in the event that the CBOT fails to agree to any
reasonable adjustment of the annual fees proposed by AEMS.

 

For the avoidance of doubt, the Data Centre 3 Core Network Maintenance Fee does
not cover any IMAC Service activities undertaken by AEMS.

 

3. Equipment Services

 

The CBOT shall be charged a fee for the performance by AEMS of its Equipment
procurement obligations under Sections 5.1.1 and 5.1.3 of the Agreement, in
accordance with the following schedule (the “Equipment Services Charges”),
invoiced by AEMS on a monthly basis:

 

  (a) The CBOT shall pay all actual costs charged to AEMS in connection with the
procurement of any Equipment; provided that the Parties consult and agree upon
costs prior to AEMS procuring such Equipment; and

 

  (b) The CBOT shall pay an additional [**] for the purchase, administration,
delivery, handling, storage and other activities related to the procurement of
such Equipment for the CBOT.

 

For the avoidance of doubt, the Equipment Services Charges do not cover IMAC
Service activities, AEMS’s performance of those obligations set forth in Section
5.1.1 of the Agreement, or any delivery or installation obligations under
Section 5.1.3 of the Agreement. The Connection Service Charges cover the IMAC
Service activities. The obligations set forth in Section 5.1.1 and 5.1.3 shall
be charged as Program Services.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES

AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

M-4

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

4. Connection Services Charges.

 

The CBOT shall be charged for the IMAC Service for Metro (as defined below)
Members2 in accordance with the following schedule (the “Connection Services
Charges”).

 

     Standard

--------------------------------------------------------------------------------

  Resilient

--------------------------------------------------------------------------------

No. of Gateways

   1   2      Installation

--------------------------------------------------------------------------------

  Monthly
Rental

--------------------------------------------------------------------------------

  Installation

--------------------------------------------------------------------------------

  Monthly
Rental

--------------------------------------------------------------------------------

Charges (£)

   [**]   [**]   [**]   [**]

Indicative US$ amt*

   [**]   [**]   [**]   [**]

Additional Gateways

(£ estimate)

   [**]   [**]   [**]   [**]

Indicative US$ amt*

   [**]   [**]   [**]   [**]

 

Cancellation Charge

 

0-12 months from date of installation

  

[**]

Cancellation Charge

 

12+ months from date of installation

  

[**]

--------------------------------------------------------------------------------

2

The Connection Services Charges for the IMAC Service for Long-Line Members will
be determined on a case by case basis.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES

AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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Move Charge

 

0-12 months from date of installation

  

[**]

Move Charge

 

12+ months from date of installation

  

[**]

Expedited Member

Gateway Addition Service

Charge (£)

   [**]

Indicative US$ amt*

   [**]

Member Site

Readdressing Service

Charge (£)

   [**]

Indicative US$ amt*

   [**]

Member Site Conversion

Service Charge

(£)(assumes upgrade to

resilient site not

downgrade to single site)

   [**]

Indicative US$            

amt*(assumes upgrade to

resilient site not

downgrade to single site)

   [**]

 

* US$ indicative amount is based on a GBP£ - US$ exchange rate of 1.58 rounded
to the nearest $100

 

AEMS may (a) vary the Connection Services Charges set forth above, or (b) if
such Connection Services Charges set forth above have previously changed, vary
the then current Connection Services Charges; provided that (i) AEMS must give
the CBOT written notice of each variation in Connection Services Charges prior
to such Connection Services Charges variation becoming effective, and (ii) no
variation in Connection Services Charges shall be greater than the percentage
change in the Retail Price Index, as published by the United Kingdom’s Office
for National Statistics, during the period from the date the then current
Connection Services Charges became effective and the date the proposed variation
to such Connection Services Charges becomes effective.

 

Definitions

 

For purposes of this Schedule M:

 

[**]

 

[**]

 

[**]

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES

AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

Assumptions

 

The Connection Services Charges set forth above are based on the following
assumptions:

 

  1. [**]

 

  2. [**]

 

In the event one or more of the foregoing assumptions is inaccurate, the
Connection Services Charges will be subject to review and adjustment pursuant to
the Change Control Procedures in an amount proportionate to the impact of such
inaccuracy(ies) on AEMS’s performance of the IMAC Service.

 

Member Site Models

 

A “resilient” Member Site model:

 

  1. [**]

 

  2. [**]

 

  3. [**]

 

A “standard” Member Site model:

 

  1. [**]

 

  2. [**]

 

  3. [**]

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES

AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

7. Program Services

 

  7.1 Charge Rate Card. The CBOT shall be charged for all Program Services on a
time and materials basis in accordance with the charge rates (“Charge Rates”)
set forth on the following rate card (the “Charge Rate Card”), which is based on
7.5 hours worked during a Business Day and is exclusive of expenses (the
“Program Services Charges”):

 

Grade

--------------------------------------------------------------------------------

  

Rate

--------------------------------------------------------------------------------

Administrator

  

[**]

Analyst

  

[**]

Senior Analyst

  

[**]

Team Leader

  

[**]

Business Analyst

  

[**]

Technical Specialist

  

[**]

Senior Technical Specialist

  

[**]

Senior Technical Architect

  

[**]

Project Manager

  

[**]

Programme Manager

  

[**]

Department Head

  

[**]

Director

  

[**]

Executive Director

  

[**]

 

With respect to any Business Day during which any member of the AEMS Project
Personnel works from his or her primary office location for less than 7.5 hours,
the rate charged will be a pro rata portion of the daily rate for the relevant
AEMS Project Personnel.

 

  7.2 Grades. The following chart sets forth the applicable Grade for each AEMS
Project Personnel role:

 

Role

--------------------------------------------------------------------------------

  

Grade

--------------------------------------------------------------------------------

Relationship Manager

  

Department Head

Programme Manager

  

Programme Manager

Project Manager

  

Project Manager

Implementation Manager

  

Senior Technical Specialist

Business Analyst

  

Business Analyst

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES

AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

M-8

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

Role

--------------------------------------------------------------------------------

  

Grade

--------------------------------------------------------------------------------

Telecommunications Specialist

  

Senior Technical Specialist

Development Manager

  

Department Head

Service Manager

  

Department Head

Technical Architect Specialist

  

Senior Technical Specialist

Operational Specialist

  

Senior Technical Specialist

Senior Analyst

  

Senior Analyst

Senior Technical Specialist

  

Senior Technical Specialist

Member Liaison

  

Department Head

Analyst

  

Analyst

Technical Specialist

  

Technical Specialist

Team Leader

  

Team Leader

Administrator

  

Administrator

Senior Technical Architect

  

Senior Technical Architect

Director

  

Director

Executive Director

  

Executive Director

 

  7.3 Charge Rate Variations. AEMS may (a) vary the daily rates set forth in the
Charge Rate Card, or (b) if such daily rates set forth in the Charge Rate Card
have previously changed, vary the then current daily rates; provided that (i)
AEMS must give the CBOT written notice of each variation in a daily rate prior
to such daily rate variation becoming effective, and (ii) no variation in a
daily rate shall be greater than the [**], as published by [**], during the
period from the date the then current daily rate became effective and the date
the proposed change to such daily rate becomes effective.

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES

AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

M-9

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

8. Termination Costs

 

Upon the effective date of termination of the Agreement pursuant to Section 13
(excluding termination by the CBOT pursuant to Section 13.3), the CBOT shall pay
to AEMS a fee in accordance with the following schedule, which fee the Parties
agree is reasonable and appropriate to cover those costs AEMS may incur as a
result of such termination, including winding down the Services and
transitioning AEMS Project Personnel (“Termination Costs”):

 

If Notice of Termination Is Given During the Period:

--------------------------------------------------------------------------------

  

The Termination Costs shall be:

--------------------------------------------------------------------------------

From the Effective Date through and including the first anniversary of the
Effective Date   

[**]

From the first anniversary through and including the second anniversary of the
Effective Date   

[**]

From the second anniversary through and including the third anniversary of the
Effective Date   

[**]

From the third anniversary through and including the fourth anniversary of the
Effective Date   

[**]

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES

AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

M-10

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

 

EXECUTION

 

SCHEDULE N

 

AEMS TRAVEL/EXPENSE POLICY

 

1. Air Travel

 

All AEMS staff travel British Airways Club Class for any journey in excess of 4
hours. If a Business Class seat is not available or the time or airport of
departure is not convenient, then the traveler may choose Business Class with
Virgin Atlantic. If Business Class Seats with neither British Airways nor Virgin
Atlantic are available within a 2 hour window either side of the preferred
departure time, then the traveler may choose Business Class with any other
airline.

 

If the journey is less than 4 hours then Economy Class travel will be used.
Within the U.S. we do not have a limitation on which airlines are selected.

 

2. Hotels

 

AEMS staff will reside in reasonable accommodation when staying away from home
overnight on business. This is dependant upon location and duration, but AEMS
suggests that a rate no greater than [**] per night is reasonable for the staff
in the U.S.

 

Accommodation for consultants over weekends will be charged.

 

3. Expenses

 

AEMS generally does not expect the staff working away from the office to incur
average general expenses in excess of [**]per day. This will include all local
travel to and from the CBOT office, meals, calls, laundry, etc.

 

All expenses except those of an exceptional nature and pre-agreed by the client,
will be not be charged. Exceptional expenses will be charged and identified
individually on any invoice.

 

4. General

 

The CBOT will not be charged for the time a AEMS consultant is on flights unless
AEMS incurs a charge. This would only be the case where the consultant is a
staff contractor.

 

Highlighted Text Indicates Confidential Portions

 

N-1

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

 

EXECUTION

 

SCHEDULE O

 

CREDITS AND BONUSES

 

1. [**]

 

Set forth below are [**]:

 

[**]

 

[**]

[**]

 

[**]

[**]

 

[**]

[**]

 

[**]

[**]

 

[**]

[**]

 

[**]

[**]

 

[**]

[**]

 

[**]

[**]

 

[**]

[**]

 

[**]

[**]

 

[**]

[**]

 

[**]

[**]

 

[**]

[**]

 

[**]

 

2. [**]

 

2.1 [**]

 

2.2 [**]

 

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O-1

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

2.3 [**]

 

2.4 [**]

 

2.5 [**]

 

3. [**]

 

3.1 [**]

 

3.2 [**]

 

3.3 [**]

 

4 [**]

 

[**]

 

  (i) [**]

 

  (ii) [**]

 

  (iii) [**]

 

5. [**]

 

5.1 [**]

 

5.2 [**]

 

5.3 [**]

 

5.4 [**]

 

5.5 [**]

 

6. Dispute Resolution

 

If AEMS’s Service Manager and CBOT’s Project Manager are unable to agree upon
any [**], such issue will be referred to the Parties’ Relationship Managers. If
the Parties’ Relationship Managers are unable to agree upon any such [**], such
issue will be referred to the Governance Committee, in accordance with Paragraph
1.4 of Schedule C. If the Parties are unable to reach agreement in the next
meeting of the Governance Committee, the issue will be handled in accordance
with Section 20 of the Agreement.

 

7. Modifications and Amendments

 

The Parties agree that, in the event the Parties agree to modify any of the [**]
or to amend this Schedule O in any respect, such modification and/or amendment
shall not increase in any respect AEMS’s financial risk or exposure in respect
of [**]

 

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O-2

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

       

Appendix 1 to

Schedule O

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O-3

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-4

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-5

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-6

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-7

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-8

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-9

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

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O-10

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-11

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

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O-12

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-13

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

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O-14

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

       

Appendix 1 to

Schedule O

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O-15

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-16

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-17

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-18

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-19

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-20

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-21

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-22

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-23

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-24

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]    

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-25

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

        

Appendix 1 to

Schedule O

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O-26

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]      [**]   [**]    Key Service Target [**]   [**]      [**]   [**]
     [**]   [**]      [**]   [**]      [**]   [**]      [**]   [**]      [**]  
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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-27

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-28

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-29

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-30

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-31

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-32

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-33

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-34

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-35

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]    

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-36

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

       

Appendix 1 to

Schedule O

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

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O-37

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-38

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-39

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-40

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-41

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-42

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-43

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-44

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-45

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-46

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-47

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

        Appendix 1 to
Schedule O

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-48

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-49

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-50

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-51

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-52

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-53

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-54

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-55

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-56

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-57

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-58

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

       

Appendix 1 to

Schedule O

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-59

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-60

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-61

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-62

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-63

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-64

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-65

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-66

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-67

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-68

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]    

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-69

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

Appendix 1 to Schedule O

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-70

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-71

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-72

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-73

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-74

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-75

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-76

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-77

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-78

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-79

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-80

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

Appendix 1 to Schedule O    

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SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-81

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-82

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-83

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-84

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-85

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-86

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-87

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-88

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-89

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-90

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-91

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

Appendix 1 to Schedule O    

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-92

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]   [**] [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]  
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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-93

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-94

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-95

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-96

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-97

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-98

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-99

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-100

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-101

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]     [**]   [**]    
[**]   [**]    

 

CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-102

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

Appendix 1 to Schedule O     

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O-103

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-104

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-105

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-106

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-107

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-108

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-109

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-110

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-111

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-112

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-113

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

Appendix 1 to Schedule O    

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O-114

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-115

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-116

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-117

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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0-118

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-119

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-120

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-121

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-122

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-123

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-124

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

Appendix 1 to Schedule O     

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O-125

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-126

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-127

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-128

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-129

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

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O-130

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-131

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-132

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-133

--------------------------------------------------------------------------------

Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-134

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-135

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

         Appendix 1 to Schedule O

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

O-136

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Confidential Treatment Requested by CBOT Holdings, Inc.

 

 

 

SCHEDULE P

 

 

Schematics

Schedule P-1

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Schedule P-2

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CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**].

 

F-260