Document:

Exhibit
10.29

 

 

FORM OF
INDEMNIFICATION AGREEMENT

 

 

THIS INDEMNIFICATION
AGREEMENT (this “Agreement”) is made and entered into as of the 10th day of
February 2004, by and between Archipelago Holdings, L.L.C., a Delaware
limited liability company (“Archipelago LLC”) and each of the Indemnitees
listed on the signature pages to this agreement (each, an “Indemnitee”, and
collectively, the “Indemnitees”) as such signature pages may be amended and
supplemented from time to time.

 

RECITALS

 

WHEREAS, the Board of Managers
(the “Board”) of Archipelago LLC has determined that conditions are favorable
for Archipelago LLC to make an initial public offering (the “IPO”) and that, to
facilitate such IPO, Archipelago LLC should be reorganized as a Delaware
corporation;

 

WHEREAS, the Board of
Archipelago LLC has determined that Archipelago LLC should be converted (the
“Conversion”) into a Delaware corporation (the “Successor Corporation”)
pursuant to Section 18-216 of the Delaware Limited Liability Company Act
and Section 265 of the Delaware General Corporation Law by filing a
Certificate of Conversion and a Certificate of Incorporation of Archipelago
Holdings, Inc. (“Archipelago Inc.”, also referred to herein as the Successor
Corporation) with the Secretary of State of the State of Delaware and, as part
of the formation of the Successor Corporation, that GAP Archa Holdings, Inc.
should merge (the “Merger”) with and into Archipelago Inc. (the Conversion and
the Merger, collectively referred to herein as the “Reorganization”);

 

WHEREAS, Archipelago LLC
proposes to file registration statements (the “Registration Statements”) with
the Securities and Exchange Commission for the public offering and sale of
shares of common stock of the Successor Corporation (including shares issuable
in connection with employee benefit plans);

 

WHEREAS, Archipelago LLC
has requested and Archipelago LLC and the Successor Corporation will request
certain of the Indemnitees to execute the Registration Statements in the
capacity or capacities listed and to be listed in such Registration Statements;

 

WHEREAS, each Indemnitee
(i) is an officer or a manager of Archipelago LLC; (ii) will be an officer or
director of Archipelago Inc. and/or (iii) is or will be a person requested or
authorized by the board of managers of Archipelago LLC or by the board of
directors of Archipelago Inc. to take actions on behalf of Archipelago LLC or
Archipelago Inc., as the case may be, in connection with the Registration
Statements or the Reorganization; and

 

 

WHEREAS, the parties
hereto intend that, upon the Conversion, the Successor Corporation will assume
Archipelago LLC’s obligations under this Agreement with respect to matters
occurring both before and following the Conversion and that, upon the
Conversion, each reference herein to Archipelago LLC shall be understood to
refer to the Successor Corporation.

 

AGREEMENT

 

NOW, THEREFORE, in
consideration of each Indemnitee’s acting and agreeing to act in the capacities
referred to above, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties do hereby agree
as follows:

 

1.                                       General.  Archipelago LLC (A) will indemnify and
hold harmless each Indemnitee against any Losses (as hereinafter defined),
joint or several, to which such Indemnitee may become subject, under the
Securities Act of 1933, as amended (the “Act”) or otherwise, insofar as such
Losses (or actions in respect thereof) arise out of or are based upon an untrue
statement or alleged untrue statement of a material fact contained in the
Registration Statements or any related Rule 462(b) Registration Statements or
any preliminary prospectus or prospectus comprising a part thereof, or any
amendment or supplement thereto, or arise out of or are based upon the omission
or alleged omission to state therein a material fact required to be stated
therein or necessary to make the statements therein not misleading; provided, however, that Archipelago LLC shall not be liable
in any such case to the extent that any such Losses arise out of or are based
upon an untrue statement or alleged untrue statement or omission or alleged
omission relating to such Indemnitee made in any preliminary prospectus, any
registration statement or any prospectus or any amendment or supplement in
reliance upon and in conformity with written information relating to such
Indemnitee furnished to Archipelago LLC by such Indemnitee expressly for use
therein; and (B) will indemnify and hold harmless each Indemnitee against any
Losses (or actions in respect thereof) which otherwise arise out of or are
based upon or asserted against such Indemnitee in connection with such
Indemnitees’ acting in the capacities referred to above in connection with the
transactions contemplated by the Reorganization, except to the extent any such
Losses referred to in this clause (B) arise out of or are based upon the
type of conduct for which (x) a director would not be exempt from
liability or (y) the indemnification of a director would be limited in
respect of such Losses, in the case of (x) and (y), within the meaning of
Section 102(b)(7) of the Delaware General Corporation Law (whether or not
such Indemnitee is a director) or, after the filing of a certificate of
incorporation of Archipelago Inc., the indemnification provision or provisions
thereof as the same may be in effect from time to time.

 

Notwithstanding the
foregoing provision of this Section 1, Archipelago LLC and each Indemnitee
agree that insofar as indemnification for liabilities arising under the Act may
be permitted under this Agreement to an Indemnitee who is a director, officer
or controlling person of Archipelago LLC, in the event that a claim for
indemnification 

 

2

 

against such liabilities
is made by such an Indemnitee (other than the payment by Archipelago LLC of
expenses incurred or paid by such Indemnitee in the successful defense of any
action, suit or proceeding) in connection with a Registration Statement,
Archipelago LLC will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as
expressed in the Act, and Archipelago LLC and such Indemnitee will be governed
by the final adjudication of such question.

 

2.                                       Losses.  As used in this Agreement, the term “Losses”
shall include, without limitation, damages, losses, claims, judgments,
liabilities, fines, penalties, excise taxes, settlements, and costs, attorneys’
fees, accountants’ fees, and disbursements and costs of attachment or similar
bonds, investigation costs, defense preparation costs, costs of preparing for
and presenting evidence or testimony, and any expenses of establishing a right
to indemnification under this Agreement. 
The term “Losses” shall not include taxes except to the extent taxes are
imposed in respect of payments otherwise made pursuant to this Agreement, in
which case such Indemnitee’s Losses shall include an amount not greater than
the net taxes payable (taking into account any deductions or other tax benefits
available to such Indemnitee as a result of the Losses in respect of which such
payment is made).

 

3.                                       Enforcement.  Subject to the provisions of the second
paragraph of Section 1 hereof, if a claim or request by an Indemnitee
under this Agreement is not paid by Archipelago LLC or on its behalf, within
thirty (30) days after a written claim or request has been received by
Archipelago LLC and, if applicable, the affirmation in Section 5 hereof
has been received by Archipelago LLC, such Indemnitee may at any time
thereafter commence an arbitration proceeding in accordance with Section 9
hereof against Archipelago LLC to recover the unpaid amount of the claim or request,
and if successful in whole or in part, such Indemnitee shall be entitled to be
paid also the expense of prosecuting such proceeding.  It shall be a defense to any such proceeding
(other than a proceeding commenced to enforce a claim for expenses incurred in
defending any actual or threatened proceeding in advance of its final
disposition where the required affirmation and undertaking, if any is required,
have been tendered to Archipelago LLC) that such Indemnitee has not met the
standards of conduct for Archipelago LLC to indemnify such Indemnitee herein
for the amount claimed, but the burden of proving such defense shall be on
Archipelago LLC.  Neither the failure of
Archipelago LLC (including its Board, legal counsel or shareholders) to have
made a determination prior to the commencement of such proceeding that
indemnification of such Indemnitee is proper in the circumstances because such
Indemnitee has met the applicable standard of conduct set forth herein, nor an
actual determination by Archipelago LLC (including its Board, legal counsel or
shareholders) that such Indemnitee has not met such applicable standard of
conduct, shall be a defense to the proceeding or create a presumption that such
Indemnitee has not met the applicable standard of conduct.

 

3

 

4.                                       Partial
Indemnification.  If an Indemnitee is
entitled under any provision of this Agreement to indemnification by
Archipelago LLC for some or a portion of any Losses, but not for the total
amount thereof, Archipelago LLC shall nevertheless indemnify such Indemnitee
for the portion of such Losses to which such Indemnitee is entitled.

 

5.                                       Expenses.  Expenses incurred by an Indemnitee in
connection with any proceeding shall be paid by Archipelago LLC upon request of
such Indemnitee that Archipelago LLC pay such expenses, but only upon receipt
by Archipelago LLC of (i) a written affirmation of such Indemnitee’s good faith
belief that the applicable standard of conduct necessary for indemnification by
Archipelago LLC has been met, (ii) a written undertaking by or on behalf of
such Indemnitee to reimburse Archipelago LLC for expenses if and to the extent
that it is ultimately determined that the applicable standard of conduct has
not been met and (iii) satisfactory evidence of the amount of such expenses.

 

6.                                       Notice
of Claim.  Each Indemnitee shall
promptly notify Archipelago LLC in writing of any claim against such Indemnitee
for which indemnification will or could be sought under this Agreement.  In addition, each Indemnitee shall give
Archipelago LLC such information and cooperation as it may reasonably require
and as shall be within such Indemnitee’s power and at such times and places as
are not unduly burdensome for such Indemnitee.

 

7.                                       Defense
of Claim.  With respect to any
proceeding as to which an Indemnitee notifies Archipelago LLC of the
commencement thereof:

 

(a)                                  Archipelago
LLC will be entitled to participate at its own expense;

 

(b)                                 subject
to Section 7(c) hereof, Archipelago LLC shall not, in connection with any
proceeding or related proceedings in the same jurisdiction against any
Indemnitee and any other Indemnitees, be liable to such Indemnitee and such
other Indemnitees for the fees and expenses of more than one separate law firm
(in addition to a single firm of local counsel);

 

(c)                                  except
as otherwise provided below, to the extent that it may wish, Archipelago LLC
will be entitled to assume the defense thereof, with counsel reasonably
satisfactory to such Indemnitee, which in Archipelago LLC’s sole discretion may
be regular counsel to Archipelago LLC and may be counsel to other
Indemnitees.  The Indemnitees also shall
have the right to employ one separate counsel for such Indemnitees in such
action, suit or proceeding if such Indemnitees reasonably conclude that if they
did not there would be a conflict of interest between Archipelago LLC and such
Indemnitees, and under such circumstances the fees and expenses of such counsel
shall be paid by Archipelago LLC; and

 

(d)                                 Archipelago
LLC shall not be liable to indemnify an Indemnitee under this Agreement for any
amounts paid in settlement of any action or claim effected 

 

4

 

without
Archipelago LLC’s written consent. 
Archipelago LLC shall not settle any action or claim in any manner which
would impose any cost or limitation on an Indemnitee without such Indemnitee’s
written consent.  Neither Archipelago LLC
nor an Indemnitee will unreasonably withhold or delay its consent to any
proposed settlement.

 

8.                                       Non-exclusivity.  The right to indemnification and the payment
of expenses incurred in defending a proceeding in advance of its final
disposition conferred in this Agreement shall not be exclusive of or affected
in any way by any other right which an Indemnitee may have or hereafter may
acquire under any statute, certificate of incorporation, by-laws, agreement,
arrangement, resolution or instrument providing indemnification or expense
payment, except that any payments otherwise required to be made by Archipelago
LLC hereunder shall be offset by any and all amounts received by an Indemnitee
from any other Indemnitor or under one or more liability insurance policies
maintained by an Indemnitor or otherwise and shall not be duplicative of any
other payments received by an Indemnitee from Archipelago LLC in respect of the
matter giving rise to the indemnity hereunder. 
When an Indemnitee is entitled to indemnification, expense advancement
or reimbursement under this Agreement and any other agreement, arrangement,
resolution or instrument of Archipelago LLC, the Indemnitee may choose to
pursue it rights under one or more, but less than all, of such applicable
agreements, arrangements, resolutions or instruments, in which case such
Indemnitee need only comply with the standards and procedures of the
agreements, arrangements, resolutions or instruments under which it chooses to
pursue it rights.

 

9.                                       Arbitration.  (a) 
Subject to the provisions of the second paragraph of Section 1 and
Section 9(b) hereof, any dispute, controversy or claim between an
Indemnitee and Archipelago LLC arising out of or relating to or concerning the
provisions of this Agreement shall be finally settled by arbitration in
Chicago, Illinois before, and in accordance with the rules then obtaining of
the American Arbitration Association (the “AAA”) in accordance with the
commercial arbitration rules of the AAA.

 

(b)                                 Notwithstanding
the provision of Section 9(a) and in addition to its right to submit any
dispute or controversy to arbitration, Archipelago LLC may bring an action or
special proceeding in a state or federal court of competent jurisdiction
sitting in the State of Illinois, whether or not an arbitration proceeding has
theretofore been or is ever initiated, for the purpose of temporarily, preliminarily
or permanently enforcing the provisions of this Agreement or to enforce an
arbitration award, and, for the purposes of this Section 9(b), each
Indemnitee (i) expressly consents to the application of Section 9(c)
hereof to any such action or proceeding, (ii) agrees that proof shall not
be required that monetary damages for breach of the provisions of this
Agreement would be difficult to calculate and that remedies at law would be
inadequate and (iii) irrevocably appoints the General Counsel of Archipelago
LLC, c/o Corporation Service Company, 2711 Centerville Road, Suite 400,
Wilmington, Delaware 19808 as such Indemnitee’s agent for service of process in
connection with any such action or proceeding, who shall promptly advise such
Indemnitee of any such service of process.

 

5

 

(c)                                  (i)                                     Each Indemnitee hereby irrevocably submits to the exclusive
jurisdiction of any state or federal court located in the State of Illinois
over any suit, action or proceeding arising out of or relating to or concerning
this Agreement that is not otherwise arbitrated according to the provisions of
Section 9(a) hereof. 
This includes any suit, action or proceeding to compel arbitration or to
enforce an arbitration award.  The parties
acknowledge that the forum designated by this Section 9(c) has a
reasonable relation to this Agreement, and to the parties’ relationship with
one another.  Notwithstanding the
foregoing, nothing herein shall preclude Archipelago LLC from bringing any action
or proceeding in any other court for the purpose of enforcing the provisions of
this Section 9.

 

(ii)                                  The
agreement of an Indemnitee as to forum is independent of the law that may be
applied in the action, and each Indemnitee agrees to this forum even if the
forum may under applicable law choose to apply non-forum law.  Each Indemnitee hereby waives, to the fullest
extent permitted by applicable law, any objection which such Indemnitee now or
hereafter may have to personal jurisdiction or to the laying of venue of any
such suit, action or proceeding in any court referred to in Section 9(c)(i).  The parties
undertake not to commence any action arising out of or relating to this
Agreement in any forum other than the forum described in this
Section 9(c).  The parties agree
that, to the fullest extent permitted by applicable law, a final and
non-appealable judgment in any such suit, action or proceeding in any such
court shall be conclusive and binding upon the parties.

 

10.                                 Binding
Effect.  This Agreement shall be
binding upon and inure to the benefit of and be enforceable by the parties
hereto and their respective successors, assigns (including any direct or
indirect successor by merger or consolidation), heirs, executors and
administrators, including without limitation the Successor Corporation.  It is expressly acknowledged and understood
by the parties hereto that, upon the Conversion, the Successor Corporation will
assume this Agreement and Archipelago LLC’s obligations under this Agreement
with respect to matters occurring both before and following the Conversion and
each reference herein to Archipelago LLC shall be understood to refer to the
Successor Corporation.

 

11.                                 Governing Law.  This Agreement shall be governed by and
construed in accordance with the laws of the State of New York without regard
to conflict of law provisions thereof.

 

12.                                 Amendment.  Each party understands that from time to time
certain other persons may become Indemnitees and certain Indemnitees will cease
to be Indemnitees to the extent provided in this Section 12.  Accordingly, this Agreement may be amended by
action of Archipelago LLC from time to time to add additional Indemnitees,
without the approval of any other person other than such proposed Indemnitees,
each of whom shall execute a counterpart of the signature page of this
Agreement.  This Agreement may also 

 

6

 

be amended by
action of Archipelago LLC and without the approval of any other person to
remove an Indemnitee; provided that
such amendment shall not be effective unless Archipelago LLC has provided 30
days prior written notice to the Indemnitee and, in any event, such amendment
shall not affect any rights of such Indemnitee to be indemnified in respect of
Losses associated with the acts, omissions or status of such Indemnitee through
the effective date of such termination (including the right to subsequent
indemnification and expense advancement and reimbursement relating to such
acts, omissions or status).

 

13.                                 Waiver
of Breach.  The failure or delay of a
party at any time to require performance by any other party of any provision of
this Agreement, even if known, shall not affect the right of such party to
require performance of that provision or to exercise any right, power, or
remedy hereunder, and any waiver by any party of any breach of any provision of
this Agreement shall not be construed as a waiver of any continuing or
succeeding breach of such provision, a waiver of the provision itself, or a
waiver of any right, power, or remedy under this Agreement.  No notice to or demand on any party in any
case shall, of itself, entitle such party to other or further notice or demand
in similar or other circumstances.

 

14.                                 Severability.  Archipelago LLC and each Indemnitee agree
that the agreements and provisions contained in this Agreement are severable
and divisible, that each such agreement and provision does not depend upon any
other provision or agreement for it enforceability, and that each such
agreement and provision set forth herein constitutes an enforceable obligation
between Archipelago LLC and such Indemnitee. 
Consequently, Archipelago LLC and each Indemnitee hereto agrees that
neither the invalidity nor the unenforceability of any provision of this
Agreement shall affect the other provisions hereof, and this Agreement shall
remain in full force and effect and be construed in all respects as if such
invalid or unenforceable provision were omitted.

 

15.                                 No
Presumption.  The termination of any
action, suit or proceeding by judgment, order, settlement, conviction, or upon
a plea of nolo contendere or its equivalent, shall
not, of itself, create a presumption that an Indemnitee did not meet the
applicable standard of conduct for indemnification under this Agreement.

 

16.                                 Notices.  Any communication, demand or notice to be
given hereunder will be duly given when delivered in writing by hand or first
class mail to Archipelago LLC at its principal executive office or to an
Indemnitee at its last address appearing in the business records of Archipelago
LLC (or to such other addresses as a party may designate by written notice to
Archipelago LLC).

 

17.                                 No
Assignments.  No Indemnitee may
assign its rights or obligations under this Agreement without the prior written
consent of Archipelago LLC.

 

7

 

18.                                 No
Third Party Rights.  Nothing
expressed or referred to in this Agreement will be construed to give any person
other than the parties to this Agreement any legal or equitable right, remedy
or claim under or with respect to this Agreement or any provision of this
Agreement.  This Agreement and all of its
provisions are for the sole and exclusive benefit of the parties to this
Agreement and their successors and permitted assigns, including without
limitation the Successor Corporation.

 

19.                                 Counterparts.  This Agreement may be executed (including by
facsimile transmission) in any number of counterparts, each of which shall be
deemed an original, but all such counterparts shall together constitute but one
and the same instrument.

 

8

 

IN WITNESS WHEREOF, the
parties hereto have entered into this Agreement as of the date first written
above.

 

	
   

  	
  ARCHIPELAGO HOLDINGS,
  L.L.C.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name: Kevin J. P.
  O’Hara

  
	
   

  	
   

  	
  Title: Authorized
  Person

  

 

 

	
  Indemnitees:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Gerald D. Putnam

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Stuart Townsend

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Philip D. Defeo

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Duncan Niederauer

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Joseph Barra

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Lawrence Leibowitz

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Craig Messinger

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Alan Freudenstein

  	
   

  

 

 

	
   

  	
   

  
	
  Onuoha Odim

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Jeffrey Wecker

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  William Cruger

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  William E. Ford

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Michael Cormack

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Nelson Chai

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Kevin J.P. O’Hara

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Steven Rubinow

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
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Exhibit 10.30    
    

THIRD AMENDMENT TO SUBLEASE

100 South Wacker Drive

Chicago, Illinois 60606  

THIS
THIRD AMENDMENT TO SUBLEASE is made and entered into as of the 15th day of May, 2004, by and between TOWNSEND ANALYTICS, LTD. (hereinafter "Sublandlord"), an Illinois corporation, and
ARCHIPELAGO HOLDINGS, L.L.C. (hereinafter "Subtenant"), an Illinois limited liability company, for the uses and purposes hereinafter set forth. 

WITNESSETH:  

        A.    Sublandlord
and Subtenant entered into a certain Sublease dated as of February 1, 1999, as amended by the First Amendment to Sublease dated April 1, 2000
and the Second Amendment to Sublease dated March 26, 2003, whereby Sublandlord subleased to Subtenant certain premises consisting of Suite 2000 (containing approximately 2221 of 4215 total
rentable square feet); Suite 2010 (containing approximately 2,033 rentable square feet); Suite 2012 (containing approximately 3,241 rentable square feet); Suite 2015 (containing approximately 3010
rentable square feet); Suite 2020 (containing approximately 1,319 of 2,852 total rentable square feet); Suite 1700 (containing approximately 2,790 rentable square feet); Suite 1710 (containing
approximately 3801 rentable square feet) for an initial term expiring on October 30, 2002; Suite 1720 (containing approximately 4,474 rentable square feet); Suite 1722 (containing approximately
989 rentable square feet); Suite 1725 (containing approximately 4,250 square feet), Suite 1730 (containing approximately 3,251 rentable square feet); Suite 1732 (containing approximately 1,453
rentable square feet); LL2-005 (containing approximately 10,624 rentable square feet); LL2-34 (containing approximately 1,280 rentable square feet), Storage Space 1717
(containing approximately 133 rentable square feet); Storage Space 1723 (containing approximately 483 rentable square feet); Storage Space 1733 (containing approximately 194 rentable square feet);
Storage Space 1747 (containing approximately 493 rentable square feet); and Storage Space 2017 (containing approximately 120 rentable square feet), for a term expiring on August 30, 2006, in
the building located at 100 S. Wacker Drive, Chicago, IL 60606 (the "Building") (collectively, the "Premises"). 

        B.    Sublandlord
and Subtenant mutually desire to amend the Sublease to terminate the Sublease with respect to Suites 1700, 1710, 1720, 1722, 1725, 1730, 1732, 2000, 2010,
2012, 2015, 2020 and Storage Spaces 1717, 1723, 1733, 1747, and 2017 and to extend the term of the term of the Sublease with respect to Suites LL2-005 and LL2-34, on the terms
and subject to the conditions herein set forth. 

        NOW THEREFORE, in consideration of the mutual undertakings herein expressed and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged by each of them, the parties hereto do hereby agree as follows: 

	1.
	Commencing
on the commencement date of that certain Office Lease (dated October 31, 2003) between MJH Wacker, LLC, a Delaware Corporation (hereinafter "Landlord") and
Archipelago Holdings, L.L.C. ("Archipelago Lease), the size of the Premises shall be reduced by eliminating that portion of the Existing Premises (Suites 1700, 1710, 1720, 1722, 1725, 1730, 1732,
2000, 2010, 2012, 2015, 2020 and Storage Spaces 1717, 1723, 1733, 1747 and 2017) consisting of 28,973 rentable square feet ("Reduction Space"), such that the total rentable area of the Existing
Premises shall be 11,904 (Suites LL2-005 and LL2-34) (collectively, "the Existing Premises").

	2.
	Sublandlord
is the Tenant of the Existing Premises in the building commonly known as 100 and 150 South Wacker Drive, Chicago, Illinois, under that certain lease and amendments (the
"Lease") made by Landlord for its respective term ("Term") unless sooner terminated pursuant to the provisions of the Lease. 

	3.
	Sublandlord
recently extended the term of the Lease with respect to the Premises pursuant to the 20th Amendment to Sublease, attached as an Exhibit to this Third
Amendment to Sublease. The term of the Sublease with respect to Suites LL2-005 and LL2-34 is hereby extended for a period of approximately seven (7) years and seven
(7) months (the "LL2 Extension Term") commencing on September 1, 2006 (the "LL2 Extension Term Effective Date") and continuing to and including the day immediately preceding the tenth
(10th) anniversary of the Expansion Effective Date (as such term is defined in the Archipelago Lease as defined in Section 2 of the 19th Amendment), provided that if
the Expansion Effective Date is not the first day of a month, such date shall be extended to the last day of the month in which the tenth (10th) anniversary of the Expansion Effective
Date occurs (the "LL2 Extension Term Expiration Date"), all upon and subject to the terms and provisions of this Third Amendment to Sublease.

	4.
	As
between Sublandlord and Subtenant, with respect to this Third Amendment to Sublease, Sublandlord shall have regarding Subtenant all the rights and obligations that Landlord has
under the Lease regarding Sublandlord in the latter's capacity as Tenant under the Lease, and Subtenant shall have regarding Sublandlord all the rights and obligations that Sublandlord has regarding
Landlord under the Lease; provided that, notwithstanding the foregoing, Sublandlord shall not be obligated to itself keep, observe, or perform any of the terms or provisions of the Lease to be kept,
observed, or performed by Landlord. Instead, Sublandlord shall be obligated, and hereby undertakes and agrees, to utilize its best efforts (but without expense to Sublandlord) to procure on behalf of
Subtenant the keeping, observance and performance by Landlord of said terms and conditions promptly upon Subtenant's request therefor from time to time.

	5.
	Notwithstanding
this Third Amendment to Sublease and notwithstanding that the transaction effected by this Third Amendment to Sublease be, or be attempted to be, characterized as
anything other than a sublease, as between Landlord and Sublandlord, Sublandlord shall be and remain obligated to Landlord for the full keeping, observance and performance of all the terms and
provisions of the Lease, particularly including, without limitation, payment of all the rent called for in Article 4 of the Lease without regard to whether the payments to be made by Subtenant
pursuant to Paragraph 3 of this Third Amendment to Sublease are in fact made.

	6.
	Sublandlord
acknowledges that Subtenant may elect to sublease and/or assign the Sublease and this Third Amendment to Sublease, as to all or a portion of the Premises (including
portions of the Existing Premises) to subsidiaries of Archipelago Holdings, L.L.C., provided that Subtenant provides written notice to Sublandlord at least thirty (30) days notice prior to the
effective date of any such proposes assignment or sublease and provided that the assignment and/or sublease complies with and is in accordance with the Lease. Subtenant shall not sublease and/or
assign the Sublease and any Amendments, as to all or a portion of the Premises (including portions of the Existing Premises) to any entity, other than a subsidiary of Archipelago Holdings, L.L.C.,
without the express written consent of Sublandlord.

	7.
	This
Third Amendment to Sublease is and shall remain subject to and subordinate to the Lease.

	8.
	It
is a condition of Subtenant's making and entering into this Third Amendment to Sublease that Landlord shall agree that Subtenant shall not be disturbed in its possession of the
Premises and/or its enjoyment of any rights under this Third Amendment to Sublease so long as Subtenant is not in default in the keeping, observance or performance of any of the terms or provisions of
this Third Amendment to Sublease to be kept, observed or performed by Subtenant, notwithstanding failure on the part of Sublandlord to keep, observe or perform the terms and provisions of the Lease to
be kept, observed and performed by Sublandlord as Tenant thereunder. Subtenant agrees, however, that at Landlord's option, Landlord may fulfill its aforesaid obligations to Subtenant notwithstanding
the termination by Landlord of the Lease by reason of default of Sublandlord as Tenant thereunder, by tendering to Subtenant a 

direct
lease of the Premises for the then remaining Term upon and subject to the terms and provisions of the Lease as modified insofar as Subtenant is concerned by this Third Amendment to Sublease, in
which event Subtenant agrees to enter into such direct lease with Landlord. 

	9.
	Subtenant
covenants and agrees to surrender the Premises on expiration or earlier termination of the Sublease Term in as good condition as when Sublandlord delivered occupancy of the
Premises to Subtenant, reasonable wear and tear excepted.

	10.
	Subtenant
shall maintain necessary and essential insurance parallel to the insurance required under the Lease.

	11.
	If
the Lease is in default as a result of Subtenant's default or actions, Subtenant shall indemnify and hold harmless Sublandlord for any loss, cost or expense (including reasonable
attorneys fees) suffered by Sublandlord and shall correct said default and fully reimburse Sublandlord for any such losses, costs or expenses (including reasonable attorneys fees) within ten
(10) days of receipt of invoice from Sublandlord. If Subtenant fails to perform any of its duties under this Third Amendment to Sublease, Sublandlord shall have the right (but not the
obligation), after the expiration of any applicable notice and cure period, to itself perform such duty on behalf and at the expense of Subtenant, without further notice to Subtenant, and all sums
incurred by Sublandlord in performing such duty shall be considered additional rent under this Third Amendment to Sublease and shall be due and payable upon demand by Sublandlord. Said right on the
part of Sublandlord shall be in addition to any and all other rights and remedies of Sublandlord both at law and in equity. If the Lease terminates, expires, or is otherwise is terminated, rejected or
disaffirmed (including rejection or disaffirmation by Sublandlord pursuant to any bankruptcy, insolvency or other law affecting creditors' rights) or if Landlord elects to exercise its right to
re-enter the Premises without terminating the Lease, , the parties agree that Section 2(a) of the Assumption and Attornment Agreement dated October 31, 2003 shall govern and
control.

	12.
	The
Sublease as amended hereby shall continue in full force and effect, subject to the terms and provisions thereof and hereof. In the event of any conflict between the terms of the
Sublease and the terms of this Third Amendment to Sublease, the terms of this Third Amendment to Sublease shall control. This Third Amendment to Sublease shall be binding upon and inure to the benefit
of Sublandlord, Subtenant and their respective successors and permitted assigns. 

IN
WITNESS WHEREOF, Sublandlord and Subtenant have entered into this Third Amendment to Sublease as of the day and year first above written. 

	SUBLANDLORD:	 	SUBTENANT:
	

Townsend Analytics, Ltd.	
 	

Archipelago Holdings, L.L.C.
	

BY:	
 	

/s/ MarrGwen Townsend
 (Authorized Signature)	
 	

BY:	
 	

/s/ Steven Rubinow
 (Authorized Signature)

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Exhibit 10.30

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