Exhibit A

HEOGE
Street

(7) Binary Hedgelet Contract 7: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest ten cents (10)) + 10.

(8) Binary Hedgelet Contract 8: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest ten cents (10)) + 20.

(9) Binary Hedgelet Contract 9: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest ten cents (10)) + 30.

(10) Binary Hedgelet Contract 10: One Contract will have a
Payout Criterion of greater than Y (rounded to the nearest ten cents (10)) + 40.

(11) | Binary Hedgelet Contract 11: One Contract will have a
Payout Criterion of greater than Y (rounded to the nearest ten cents (10)) + 50.

(12) Imeach case, “Y” equals the last Silver Price rounded to the
nearest ten cents (10), as reported by the Source Agency.

(iii) [unchanged]
(g) - (0) [unchanged]

RULES 12.32 — 12.60 [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


- Exhibit A

HEDGE
Street

(a)—(e) [unchanged]

(f) PAYOUT CRITERION - The Payout Criterion for each Contract will
be set by HedgeStreet at the time the Binary Contracts are initially issued. For the
EUR/USD Binary Hedgelet Contract, the Payout Criteria for the Contracts will be
set as follows:

(i) {unchanged]

(ii) | WEEKLY EUR/USD BINARY CONTRACTS

Critesi £ greater than-¥ ( ded-te-th: £-0.005}—0.045.
Bi Hedselet Contract 2- One Contractaiit- h ay +
@)-Binary + ¥
Crit £ terthan- V+ ded-te-th: +-0.005}—0.010.

yout
P, +
P +
‘y
Criteri £ terthan ¥-4 ded-te-th +0-005}--0-010
3 .c 005} -O40-
P t
‘y
(8) 4 h soy is-thetast EUR/USD pri ded-te-the
7 Ft P ¥

nearest-0.005-as- reported by the Source Agency:

(1) Binary Hedgelet Contract 1: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest 0.0025) — 0.0150.

(2) Binary Hedgelet Contract 2: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest 0.0025) — 0.0125.

(3) Binary Hedgelet Contract 3: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest 0.0025) ~ 0.0100.

1825 S. Grant Street
Suite 500
‘San Mateo, CA 94402
Tel: 650.698.3500
www.hedgestreet.com Fax: 650.538.3501


Exhibit A

HEDGE
Street

(4) Binary Hedgelet Contract 4: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest $2.50) - $5.00.

(5) Binary Hedgelet Contract 5: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest $2.50) - $2.50.

(6) Binary Hedgelet Contract 6: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest $2.50).

(7) Binary Hedgelet Contract 7: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest $2.50) + $2.50.

(8) Binary Hedgelet Contract 8: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest $2.50) + $5.00.

(9) Binary Hedgelet Contract 9: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest $2.50) + $7.50.

(10) Binary Hedgelet Contract 9: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest $2.50) + $10.00.

(11) Binary Hedgelet Contract 9: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest $2.50) + $12.50.

(12) In each case, “Y” equals the last Gold price rounded to the
nearest two dollars and fifty cents ($2.50), as reported by the Source Agency.

(iii) [unchanged]
(g) - (0) [unchanged]
RULE 12.28 [unchanged]
RULE 12.29 NATURAL GAS BINARY HEDGELET CONTRACTS
(a) -(e) [unchanged]

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

1825 S, Grant Street

Suite 500

San Mateo, CA 94402

Tel: 650.638.3500
www.hedgestreet.com Fax: 650.638.3501


Exhibit A

HEDGE
Street

(f) PAYOUT CRITERION -— The Payout Criterion for each Contract will
be set by HedgeStreet at the time the Binary Contracts are initially issued. For the
USD/YEN Binary Hedgelet Contract, the Payout Criteria for the Contracts will be
set as follows:

(i) [unchanged]
(ii) | WEEKLY USD/YEN BINARY CONTRACTS

Bi Hedgelet Contract 1-One-Contractavil-h: Pp, r"
SF “nett: ay

than-¥- ded-te-th: +-0.005}—1.50.

Criteri £ ter-than-¥¢ ded-to-the- nearest 0.005)+450.

8 I h “oy 4s the last USD/AVEN pri ded-t
hea ¢ P:

the nearest 0-005-as- reported bythe Souree Agency:

(1) Binary Hedgelet Contract 1: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest 0.25) — 1.50.

(2) Binary Hedgelet Contract 2: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest 0.25) — 1.25.

(3) Binary Hedgelet Contract 3: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest 0.25) — 1.00.

1825 S. Grant Street
Suite Soa
San Mateo, CA 94402
Tel: 650.538.3500
www.hedgestreet.com Fax: 650.638.3501


Exhibit A

HEDGE
Street

(4) Binary Hedgelet Contract 4: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest 0.0025) ~ 0.0075.

(5) Binary Hedgelet Contract 5: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest 0.0025) — 0.0050.

(6) Binary Hedgelet Contract 6: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest 0.0025) — 0.0025.

(7) Binary Hedgelet Contract 7: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest 0.0025).

(8) Binary Hedgelet Contract 8: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest 0.0025) + 0.0025.

(9) Binary Hedgelet Contract 9: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest 0.0025) + 0.0050.

(10) Binary Hedgelet Contract 10: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest 0.0025) + 0.0075.

(11) Binary Hedgelet Contract 11: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest 0.0025) + 0.0100.

(12) Binary Hedgelet Contract 12: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest 0.0025) + 0.0125.

(13) Binary Hedgelet Contract 13: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest 0.0025) + 0.0150.

(14) In each case, “Y” equals the last EUR/USD price rounded to the
nearest 0.0025 as reported by the Source Agency.

(iii) [unchanged]
(g) - (0) [unchanged]
RULE 12.22 [unchanged]

RULE 12.23 CURRENCY EXCHANGE USD/YEN BINARY HEDGELET
CONTRACTS

(a)-(©) [unchanged]

1825 S. Grant Street
Suite 500
San Mateo, CA 94402,
Tel: 650.638.2500
www.hedgestreet.com Fax: 650.638.3501


Exhibit A

HEDGE
Street

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

(0) [unchanged]
(ii) | WEEKLY GOLD BINARY CONTRACTS

Criteri £ ter than ¥-¢ ded-te-th: +-$5.00}$45.00

(4) Binary Hedgelet Contract 4-One-Contract-willh Payout
Crit £-preater than-¥-( ded-te-th: $5.00)

(5B Hedselet Contract 5- One Contractaviit-h: P r

©} ¥ is + rte a tit b aPayout

8}: " “yy 1s-the last Geld-pri ded-to-th £
to ‘

z
Sve-dellars ($5.00 sted-by-the-S. A,
WUT Ts P y

(1) Binary Hedgelet Contract 1: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest $2.50) - $12.50.

(2) Binary Hedgelet Contract 2: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest $2.50) - $10.00.

(3) Binary Hedgelet Contract 3: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest $2.50) - $7.50.

1825 S. Grant Street

Suite $00

‘San Mateo, CA 94402

Tal: 850.638.3500
www.hedgestreet.com Fax: 650.838.3501


HEDGE
Street

June 1, 2007
VIA EMAIL: secretary@cftc.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 the Weekly Payout Criteria for
Certain Binary Contracts — Submission Pursuant to Commission Regulation
§40.6(a)

Dear Acting Secretary Donovan:

Pursuant to Section Sc(c)(1) of the Commodity Exchange Act, as amended (“Act”), and
§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 its intent to amend the Weekly Payout Criteria for the following six (6) Binary
Contracts:

RULE 12.20 CRUDE BINARY CONTRACTS

RULE 12.21 CURRENCY EXCHANGE EUR/USD BINARY CONTRACTS
RULE 12.23 CURRENCY EXCHANGE USD/YEN BINARY CONTRACTS
RULE 12.27 GOLD BINARY CONTRACTS

RULE 12.29 NATURAL GAS BINARY CONTRACTS

RULE 12.31 SILVER BINARY CONTRACTS

All amendments and additions to these Contracts are defined in Exhibit A. The rule deletions
are stricken out and the amendments and/or additions are underlined.

HedgeStreet intends to implement these rule amendments on Monday, June 4, 2007.

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

HedgeStreet hereby certifies that the Contracts and clearing of the Contracts, including all
tules defining the terms and conditions of said Contracts contained herein, complies with the
Act, as amended, and the Commission’s regulations adopted thereunder.

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


Exhibit A

HEDGE
Street

(5) Binary Hedgelet Contract 5: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest twenty cents ($0.20)) - $0.20.

(6) Binary Hedgelet Contract 6: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest ten cents ($0.10)).

(7) Binary Hedgelet Contract 7: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest twenty cents ($0.20)) + $0.20.

(8) Binary Hedgelet Contract 8: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest twenty cents ($0.20)) + $0.40.

(9) Binary Hedgelet Contract 9: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest twenty cents ($0.20)) + $0.60.

(10) Binary Hedgelet Contract 10: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest twenty cents ($0.20)) + $0.80.

(11) Binary Hedgelet Contract 11: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest twenty cents ($0.20)) + $1.00.

(12) In each case, “Y” equals the last Expiration Value of Natural Gas
rounded to the nearest twenty cents ($0.20), as reported by the Source Agency.

(iii) [unchanged]
(g) - (0) [unchanged]
RULE 12.30 [unchanged]

RULE 12.31 SILVER BINARY HEDGELET CONTRACTS
(a) —(e) [unchanged]

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

(0) [unchanged]

(ii) | WEEKLY SILVER BINARY CONTRACTS

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


Exhibit A

HEDGE
Street

(i) {unchanged]

(ii) | WEEKLY NATURAL GAS BINARY
CONTRACTS

Bi Hedgelet Contract 1+- One Contractwill h P t
1

ter-than-¥-4 ded-te-th: +i ft ts-($0-50)}—$
found st fity-cents-($0-50)—St-

g) t. h " soy 1s-the-last Expiration-Val £
a rs |

—tr-each-ease-al Es. P we-of
Natural G ded-to-th + fifth, t5-($0-50) eted-by-the-S
tat ss tee ey $0-50)-as- reported by

(1) Binary Hedgelet Contract 1: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest twenty cents ($0.20)) - $1.00.

(2) Binary Hedgelet Contract 2: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest twenty cents ($0.20)) - $0.80.

(3) Binary Hedgelet Contract 3: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest twenty cents ($0.20) - $0.60.

(4) Binary Hedgelet Contract 4: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest twenty cents ($0.20)) - $0.40.

1825 S. Grant Street

Suite 500

San Mateo, CA 94402

Tol: 650.538.3500
www.hedgestreet.com Fax: 650.638.3501


Exhibit A

HEDGE
Street

(4) Binary Hedgelet Contract 4: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest 0.25) — 0.75.

(5) Binary Hedgelet Contract 5: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest 0.25) — 0.50.

(6) Binary Hedgelet Contract 6: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest 0.25) — 0.25.

(7) Binary Hedgelet Contract 7: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest 0.25).

(8) Binary Hedgelet Contract 8: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest 0.25) + 0.25.

(9) Binary Hedgelet Contract 9: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest 0.25) + 0.50.

(10) Binary Hedgelet Contract 10: One Contract will have a
Payout Criterion of greater than Y (rounded to the nearest 0.25) + 0.75.

(11) Binary Hedgelet Contract 11: One Contract will have a
Payout Criterion of greater than Y (rounded to the nearest 0.25) + 1.00.

(12) Binary Hedgelet Contract 12: One Contract will have a
Payout Criterion of greater than Y (rounded to the nearest 0.25) + 1.25.

(13) Binary Hedgelet Contract 13: One Contract will have a
Payout Criterion of greater than Y (rounded to the nearest 0.25) + 1.50.

(14) In each case, “Y” equals the last USD/YEN price or value
rounded to the nearest 0.25 as reported by the Source Agency.

(iii) [unchanged]
(g) — (0) {unchanged]
RULES 12.24 — 12.26 [unchanged]
RULE 12.27 GOLD BINARY HEDGELET CONTRACTS

(a)-(&) [unchanged]

1825 S. Grant Street

Suite 500

‘San Mateo, CA 94402

Tel: 50.63.3500
www.hedgestreet.com Fax: 650.638.9501


Exhibit A

qd) Binary Hedgelet Contract 1: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest fifty cents ($0.50)) - $2.50.

(2) Binary Hedgelet Contract 2: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest fifty cents ($0.50)) - $2.00.

(3) Binary Hedgelet Contract 3: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest fifty cents ($0.50) - $1.50.

(4) Binary Hedgelet Contract 4: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest fifty cents ($0.50) - $1.00.

(5) Binary Hedgelet Contract 5: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest fifty cents ($0.50)) - $0.50.

(6) Binary Hedgelet Contract 6: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest fifty cents ($0.50)).

(7) Binary Hedgelet Contract 7: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest fifty cents ($0.50)) + $0.50.

(8) Binary Hedgelet Contract 8: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest fifty cents ($0.50)) + $1.00.

(9) Binary Hedgelet Contract 9: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest fifty cents ($0.50)) + $1.50.

(10) Binary Hedgelet Contract 10: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest fifty cents ($0.50)) + $2.00.

(11) Binary Hedgelet Contract 11: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest fifty cents ($0.50)) + $2.50.

(12) In each case above, “Y” equals the last Crude Oil Price
rounded to the nearest fifty cents ($0.50) as reported by the Source Agency.

(iii) [unchanged]
(g)-(0) {unchanged]

RULE 12.21 CURRENCY EXCHANGE EUR/USD BINARY HEDGELET
CONTRACTS

1825 S. Grant Street

Suite 500

‘San Mateo, CA 94402

Tel: 650.638.3500
www.hedgestreet.com Fax: 650.938.3501


Exhibit A

HEDGE
Street

EXHIBIT A
Amendments to Rules 12.20, 12.21, 12.23, 12.27, 12.29, and 12.31
(The following new Rule additions are underlined and deletions are stricken out)
RULE 12.20 CRUDE OIL BINARY HEDGELET CONTRACTS
(a)—(e) [unchanged]

(f) PAYOUT CRITERION - The Payout Criterion for each Contract will be
set by HedgeStreet at the time the Binary Contracts are initially issued. For the
Crude Oil Binary Hedgelet Contract, the Payout Criteria for the Contracts will be
set as follows:

(i) {unchanged]

(ii) WEEKLY CRUDE OIL BINARY HEDGELET

CONTRACTS
Criteri £ tarth Yy. dedte+th: +21 OH) $3 00
cS € $4-00}—$3-00;
2) Ri Hedselet Contract 2: One Contract will h Payout
7 J S * i al eye
Criteri £ ter th. y dedteth: +21 HH) 69 90
2 € $400)-$2.00-

5} Bi Hedselet Contract 5-One Contract will h: Pp, t
6} ¥ Bi + act yt aPay
Crit £ ter-than ¥-¢ ded-te-th +91 00) $4 00.
= ss $4,00}-+$400-
Pp, "
fant Bi Hedselet Contract 7- One Contract wilt h: Payout
UT TBAEY = - t ae ay
Criteri. £ ter than -¥-¢ ded-te-th +94 00)+ $3 00.
e As 8 ahd I ddd
£8} ¥; +h be soy 1s the last Crude-Oil Pei
€8} ais > st 53 +L
ded-te-th: + delar ($100) eted_by-th A
WUT Pt x FOOT BORCY:

1825 S. Grant Street
Suite 500
San Mateo, CA 94402
Tel: 650.638.9500
www.hedgestreet.com Fax: 650.638.3501


HEDGE
Street

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: Tom Leahy — CFTC
Phil Colling - CFTC
Clarissa Manansala — HedgeStreet , Inc.

1825 S. Grant Street
Suite 500

San Mateo, CA 94402
Tel: 650.638.3500

www.hedgestreet.com Fax: 650.638.3501


HEDGE
Street

(8}4 " 5 wy? 1s the last Silver Pris aded-to-+th

(1) Binary Hedgelet Contract 1: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest ten cents (10)) — 50.

(2) Binary Hedgelet Contract 2: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest ten cents (10)) — 40.

(3) Binary Hedgelet Contract 3: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest ten cents (10)) — 30.

(4) Binary Hedgelet Contract 4: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest ten cents (10)) — 20.

(5) Binary Hedgelet Contract 5: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest ten cents (10)) — 10.

(6) Binary Hedgelet Contract 6: One Contract will have a Payout
Criterion of greater than Y (rounded to the nearest ten cents (10)).

www.hedgestreet.com

Exhibit A

1825 S, Grant Street
Suite 500

San Mateo, CA 94402
Tel: 650.638.3500
Fax: 650.638.3501