HEDGE
Street

June 5, 2006

VIA EMAIL: secretary@eftc.gov

Ms. Eileen A. Donovan, Acting Secretary
Secretary of the Commission

Commodity Futures Trading Commission
3 Lafayette Centre

1155 21st Street, N.W.

Washington, D.C. 20581

RE: Rule Certification: HedgeStreet Amends Payout Criteria for Nonfarm
Payroll Binary Hedgelet Contracts — Submission pursuant to Commission
Regulation §40.6(a)

Dear Secretary Webb:

Pursuant to Section Sc(c)(1) of the Commodity Exchange Act, as amended (“Act”),
§40.6(a) of the regulations promulgated by the Commodity Futures Trading Commission
(the “Commission”) under the Act, HedgeStreet, Inc. (“HedgeStreet”) hereby certifies with
the Commission amendments to the Payout Criteria for the Nonfarm Payroll Binary
Hedgelet Contracts (“Contracts”), as represented by Rule 12.69. The amendments to the
Payout Criteria for these Contracts are defined in Exhibit A. The rule deletions are stricken
out and the amendments and/or additions are underlined. All Nonfarm Payroll Contracts
settled on Friday, June 2, 2006 and therefore, there is no open interest in these Contracts.

HedgeStreet intends to implement these rule additions on Wednesday, June 7, 2006.

No substantive opposing views were expressed to HedgeStreet with respect to these
additions.

Should you have any questions regarding the above, please do not hesitate to contact
Stephanie Ford by telephone at (650) 638-3511 or by email at sford@hedgestreet.com.

Sincerely,

Stephanie Ford
Vice President, Legal & Compliance

ce: Clarissa Manansala — HedgeStreet , Inc.

1825 S. Grant Street
Suite 500
‘San Mateo, CA 94402
Tet: 650.638.3500
www .hedgestreet.com Fax: 650.638.3501


Exhibit A

HEDGE
Street
EXHIBIT A

Amendments to Rule 12.69 only
(The following new Rule additions are underlined and deletions are stricken out)

RULE 12.69 NONFARM PAYROLLS BINARY HEDGELET CONTRACTS
(a) - (e) [unchanged]

( PAYOUT CRITERION — The Payout Criterion for each Contract
will be set by HedgeStreet at the time the Binary Contracts are initially issued. For
the Nonfarm Payrolls Binary Hedgelet Contract, the Payout Criteria for the
Contracts will be set as follows:

(i) CYCLICAL NONFARM PAYROLLS BINARY
HEDGELET CONTRACTS

(1) [unchanged]

(2) Binary Hedgelet Contract 2: One Contract will have a Payout
Criterion of greater than 400,000 70,000.

(3) Binary Hedgelet Contract 3: One Contract will have a Payout
Criterion of greater than 450,000 90,000.

(4) Binary Hedgelet Contract 4: One Contract will have a Payout
Criterion of greater than 200,000 110,000.

(5) Binary Hedgelet Contract 5: One Contract will have a Payout
Criterion of greater than 250,000 130,000.

(6) Binary Hedgelet Contract 6: One Contract will have a Payout
Criterion of greater than 150,000.

(7) Binary Hedgelet Contract 7:_ One Contract will have a Payout
Criterion of greater than 170,000.

(8) Binary Hedgelet Contract 8:_ One Contract will have a Payout
Criterion of greater than 190,000.

(9) Binary Hedgelet Contract 9: One Contract will have a Payout
Criterion of greater than 210,000.

1825 S. Gramt Street
Suite 500
San Mateo, CA 94402
Tel: 650.638.3500
www.hedgestreet.com Fax: 650.638.3501


Exhibit A

HEDGE
Street

(10) Binary Hedgelet Contract 10: One Contract will have a Payout
Criterion of greater than 230,000.

(11) Binary Hedgelet Contract 11: One Contract will have a Payout
Criterion of greater than 250,000.

(12) Binary Hedgelet Contract 12: One Contract will have a Payout
Criterion of greater than 270,000.

(13) Binary Hedgelet Contract 13: One Contract will have a Payout
Criterion of greater than 290,000.

(ii) [unchanged]

(g) —(0) [unchanged]

[the remainder of this page is intended to be blank]

1825 S. Grant Street
Suite 500

‘San Mateo, CA 94402
Tel: 650.638.3500

www.hedgestreet.com Fax: 650.638.3501