Document:

EX-10.2

COMMERCIAL PAPER DEALER AGREEMENT

4(2) PROGRAM

between

CME GROUP INC., as Issuer

and

GOLDMAN, SACHS & CO., as Dealer

Concerning Notes to be issued pursuant to an Issuing and Paying
Agency Agreement dated as of August 16, 2007 between the Issuer and
JPMorgan Chase Bank, National Association, as Issuing and Paying
Agent

Dated as of

August 22, 2008

1

Commercial Paper Dealer Agreement

4(2) Program

This agreement (as amended, supplemented or otherwise modified and in effect from time to time, the
“Agreement”) sets forth the understandings between the Issuer and the Dealer, each named on the
cover page hereof, in connection with the issuance and sale by the Issuer of its short-term
promissory notes (the “Notes”) through the Dealer.

Certain terms used in this Agreement are defined in Section 6 hereof.

The Addendum to this Agreement, and any Annexes or Exhibits described in this Agreement or such
Addendum, are hereby incorporated into this Agreement and made fully a part hereof.

	1.	 	Offers, Sales and Resales of Notes.

	 	1.1	 	While (i) the Issuer has and shall have no obligation to sell the Notes to the Dealer
or to permit the Dealer to arrange any sale of the Notes for the account of the Issuer, and
(ii) the Dealer has and shall have no obligation to purchase the Notes from the Issuer or
to arrange any sale of the Notes for the account of the Issuer, the parties hereto agree
that in any case where the Dealer purchases Notes from the Issuer, or arranges for the sale
of Notes by the Issuer, such Notes will be purchased or sold by the Dealer in reliance on
the representations, warranties, covenants and agreements of the Issuer contained herein or
made pursuant hereto and on the terms and conditions and in the manner provided herein.

	 	1.2	 	So long as this Agreement shall remain in effect, and in addition to the limitations
contained in Section 1.7 hereof, the Issuer shall not, without the consent of the Dealer,
offer, solicit or accept offers to purchase, or sell, any Notes except (a) in transactions
with one or more dealers which may from time to time after the date hereof become dealers
with respect to the Notes by executing with the Issuer one or more agreements which contain
provisions substantially identical to those contained in Section 1 of this Agreement, of
which the Issuer hereby undertakes to provide the Dealer prompt notice or (b) in
transactions with the other dealers listed on the Addendum hereto, which have executed
agreements with the Issuer which contain provisions substantially identical to Section 1 of
this Agreement. In no event shall the Issuer offer, solicit or accept offers to purchase,
or sell, any Notes directly on its own behalf in transactions with persons other than
broker-dealers as specifically permitted in this Section 1.2.

	 	1.3	 	The Notes shall be in a minimum denomination of $250,000 or integral multiples of
$1,000 in excess thereof, will bear such interest rates, if interest bearing, or will be
sold at such discount from their face amounts, as shall be agreed upon by the Dealer and
the Issuer, shall have a maturity not exceeding 397 days from the date of issuance and may
have such terms as are specified in Exhibit C hereto or the Private Placement Memorandum.
The Notes shall not contain any provision for extension, renewal or automatic “rollover.”

	 	1.4	 	The authentication and issuance of, and payment for, the Notes shall be effected in
accordance with the Issuing and Paying Agency Agreement, and the Notes shall be either
individual physical certificates or book-entry notes evidenced by one or more master notes
(each, a “Master Note”) registered in the name of The Depository Trust Company (“DTC”) or
its nominee.

	 	1.5	 	If the Issuer and the Dealer shall agree on the terms of the purchase of any Note by
the Dealer or the sale of any Note arranged by the Dealer (including, but not limited to,
agreement with respect to the date of issue, purchase price, principal amount, maturity and
interest rate or interest rate index and margin (in the case of interest-bearing Notes) or
discount thereof (in the case of Notes issued on a discount basis), and appropriate
compensation for the Dealer’s services hereunder) pursuant to this Agreement, the Issuer
shall cause such Note to be issued and delivered in accordance with the terms of the
Issuing and Paying Agency Agreement and payment for such Note shall be made by the
purchaser thereof, either directly or through the Dealer, to the Issuing and Paying Agent,
for the account of the Issuer. Except as otherwise agreed, in the event that the Dealer is
acting as an agent of the Issuer and a purchaser shall either fail to accept delivery of or
make payment for a Note on the date fixed for settlement, the Dealer shall promptly notify
the Issuer, and if the Dealer has theretofore paid the Issuer for the Note, the Issuer will
promptly return such funds to the Dealer against its return of the Note to the Issuer, in
the case of a certificated Note, and upon notice of such failure in the case of a
book-entry Note. If such failure occurred for any reason other than default by the Dealer,
the Issuer shall reimburse the Dealer on an equitable basis for the Dealer’s loss of the
use of such funds for the period such funds were credited to the Issuer’s account.

	 	1.6	 	The Dealer and the Issuer hereby establish and agree to observe the following
procedures in connection with offers, sales and subsequent resales or other transfers of
the Notes:

	 	(a)	 	Offers and sales of the Notes by or through the Dealer shall be made by the
Dealer only to: (i) investors reasonably believed by the Dealer to be Qualified
Institutional Buyers or Institutional Accredited Investors and (ii) non-bank
fiduciaries or agents that will be purchasing Notes for one or more accounts, each of
which is reasonably believed by the Dealer to be an Institutional Accredited
Investor.

	 	(b)	 	Resales and other transfers of the Notes by the holders thereof shall be
made only in accordance with the restrictions in the legend described in clause (e)
below.

	 	(c)	 	No general solicitation or general advertising shall be used in connection
with the offering of the Notes. Without limiting the generality of the foregoing,
the Issuer shall not issue any press release or place or publish any “tombstone” or
other advertisement relating to the Notes without promptly providing notice to the
Dealer. The Dealer shall not issue any press release or publish any “tombstone” or
other advertisement relating to the Notes without the prior written consent of the
Issuer.

	 	(d)	 	No sale of Notes to any one purchaser shall be for less than $250,000
principal or face amount, and no Note shall be issued in a smaller principal or face
amount. If the purchaser is a non-bank fiduciary acting on behalf of others, each
person for whom such purchaser is acting must purchase at least $250,000 principal or
face amount of Notes.

	 	(e)	 	Offers and sales of the Notes by the Issuer through the Dealer acting as
agent for the Issuer shall be made in accordance with Rule 506 under the Securities
Act, and shall be subject to the restrictions described in the legend appearing on
Exhibit A hereto. A legend substantially to the effect of such Exhibit A shall
appear as part of the Private Placement Memorandum used in connection with offers and
sales of Notes hereunder, as well as on each individual certificate representing a
Note and each Master Note representing book-entry Notes offered and sold pursuant to
this Agreement.

	 	(f)	 	The Dealer shall furnish or shall have furnished to each purchaser of Notes
for which it has acted as the Dealer a copy of the then-current Private Placement
Memorandum unless such purchaser has previously received a copy of the Private
Placement Memorandum as then in effect. The Private Placement Memorandum shall
expressly state that any person to whom Notes are offered shall have an opportunity
to ask questions of, and receive information from, the Issuer and the Dealer and
shall provide the names, addresses and telephone numbers of the persons from whom
information regarding the Issuer may be obtained.

	 	(g)	 	The Issuer agrees, for the benefit of the Dealer and each of the holders
and prospective purchasers from time to time of the Notes that, if at any time the
Issuer shall not be subject to Section 13 or 15(d) of the Exchange Act, the Issuer
will furnish, upon request and at its expense, to the Dealer and to holders and
prospective purchasers of Notes information required by Rule 144A(d)(4)(i) in
compliance with Rule 144A(d).

	 	(h)	 	In the event that any Note offered or to be offered by the Dealer would be
ineligible for resale under Rule 144A, the Issuer shall immediately notify the Dealer
(by telephone, confirmed in writing) of such fact and shall promptly prepare and
deliver to the Dealer an amendment or supplement to the Private Placement Memorandum
describing the Notes that are ineligible, the reason for such ineligibility and any
other relevant information relating thereto.

	 	(i)	 	The Issuer represents that it is not currently issuing commercial paper in
the United States market in reliance upon the exemption provided by Section 3(a)(3)
of the Securities Act. The Issuer agrees that, if it shall issue commercial paper
after the date hereof in reliance upon such exemption, the Issuer will comply with
each of the requirements of Section 3(a)(3) of the Securities Act in selling
commercial paper or other short-term debt securities other than the Notes in the
United States.

	 	(j)	 	The Dealer hereby agrees with the Issuer not to offer or sell any Notes in
a manner that would make unavailable the private offering exemption contained in
Section 4(2) of the Securities Act and Rule 144A thereunder.

	1.7	 	The Issuer hereby represents and warrants to the Dealer, in connection with offers, sales and
resales of Notes, as follows:

	 	(a)	 	The Issuer hereby confirms to the Dealer that within the preceding six months,
neither the Issuer nor any person other than the Dealer or the other dealers referred
to in Section 1.2 hereof acting on behalf of the Issuer has offered or sold any Notes,
or any substantially similar security of the Issuer (including, without limitation,
medium-term notes issued by the Issuer), to, or solicited offers to buy any such
security from, any person other than the Dealer or the other dealers referred to in
Section 1.2 hereof. The Issuer also agrees that (except as permitted by Section
1.6(i)), as long as the Notes are being offered for sale by the Dealer and the other
dealers referred to in Section 1.2 hereof as contemplated hereby and until at least six
months after the offer of Notes hereunder has been terminated, neither the Issuer nor
any person other than the Dealer or the other dealers referred to in Section 1.2 hereof
(except as contemplated by Section 1.2 hereof) will offer the Notes or any
substantially similar security of the Issuer for sale to, or solicit offers to buy any
such security from, any person other than the Dealer or the other dealers referred to
in Section 1.2 hereof, it being understood that such agreement is made with a view to
bringing the offer and sale of the Notes within the exemption provided by Section 4(2)
of the Securities Act and Rule 506 thereunder and shall survive any termination of this
Agreement. The Issuer hereby represents and warrants that it has not taken or omitted
to take, and will not take or omit to take, any action that would cause the offering
and sale of Notes hereunder to be integrated with any other offering of securities,
whether such offering is made by the Issuer or some other party or parties.

	 	(b)	 	The Issuer represents and agrees that the proceeds of the sale of the Notes are
not currently contemplated to be used for the purpose of buying, carrying or trading
securities within the meaning of Regulation T and the interpretations thereunder by the
Board of Governors of the Federal Reserve System. In the event that the Issuer
determines to use such proceeds for the purpose of buying, carrying or trading
securities, whether in connection with an acquisition of another company or otherwise,
the Issuer shall give the Dealer at least five business days’ prior written notice to
that effect. The Issuer shall also give the Dealer prompt notice of the actual date
that it commences to purchase such securities with the proceeds of the Notes.
Thereafter, in the event that the Dealer purchases Notes as principal and does not
resell such Notes on the day of such purchase, to the extent necessary to comply with
Regulation T and the interpretations thereunder, the Dealer will sell such Notes either
(i) only to offerees it reasonably believes to be Qualified Institutional Buyers or to
Qualified Institutional Buyers it reasonably believes are acting for other Qualified
Institutional Buyers, in each case in accordance with Rule 144A or (ii) in a manner
which would not cause a violation of Regulation T and the interpretations thereunder.

	1.8	 	The Dealer hereby agrees with the Issuer that the Dealer will only offer or sell any Notes in
a manner consistent with the provisions of Sections 1.1 through 1.7.

	1.9	 	In the case of any agreement by the Dealer to purchase a Note hereunder (other than as agent)
which provides for a settlement date that is three New York Business Days or more after the
date of such agreement, the obligation of the Dealer to purchase the Note under such agreement
shall be subject to the conditions set forth on Exhibit D.

	2.	 	Representations and Warranties of Issuer.

The Issuer represents and warrants that each offer by the Issuer of Notes for purchase
shall be deemed an affirmation by the Issuer that its representations and warranties set forth
in this Article 2 are true and correct at the time of such acceptance:

	 	2.1	 	The Issuer is a corporation duly organized, validly existing and in good standing under
the laws of the jurisdiction of its incorporation and has all the requisite power and
authority to execute, deliver and perform its obligations under the Notes, this Agreement
and the Issuing and Paying Agency Agreement.

	 	2.2	 	This Agreement and the Issuing and Paying Agency Agreement have been duly authorized,
executed and delivered by the Issuer and constitute legal, valid and binding obligations of
the Issuer enforceable against the Issuer in accordance with their terms, subject to
applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally,
and subject, as to enforceability, to general principles of equity (regardless of whether
enforcement is sought in a proceeding in equity or at law).

	 	2.3	 	The Notes have been duly authorized, and when issued as provided in the Issuing and
Paying Agency Agreement, will be duly and validly issued and will constitute legal, valid
and binding obligations of the Issuer enforceable against the Issuer in accordance with
their terms, subject to applicable bankruptcy, insolvency and similar laws affecting
creditors’ rights generally, and subject, as to enforceability, to general principles of
equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

	 	2.4	 	The offer and sale of the Notes in the manner contemplated hereby do not require
registration of the Notes under the Securities Act, pursuant to the exemption from
registration contained in Section 4(2) thereof, and no indenture in respect of the Notes is
required to be qualified under the Trust Indenture Act of 1939, as amended.

	 	2.5	 	The Notes will rank at least pari passu with all other unsecured and unsubordinated
indebtedness of the Issuer.

	 	2.6	 	No consent or action of, or filing or registration with, any governmental or public
regulatory body or authority, including the SEC, is required to authorize, or is otherwise
required in connection with the execution, delivery or performance of, this Agreement, the
Notes or the Issuing and Paying Agency Agreement, except as may be required by the
securities or Blue Sky laws of the various states in connection with the offer and sale of
the Notes.

	 	2.7	 	Neither the execution and delivery of this Agreement and the Issuing and Paying Agency
Agreement, nor the issuance of the Notes in accordance with the Issuing and Paying Agency
Agreement, nor the fulfillment of or compliance with the terms and provisions hereof or
thereof by the Issuer, will (i) result in the creation or imposition of any mortgage, lien,
charge or encumbrance of any nature whatsoever upon any of the properties or assets of the
Issuer, or (ii) violate or result in a breach or a default under any of the terms of the
Issuer’s charter documents or by-laws, any contract or instrument to which the Issuer is a
party or by which it or its property is bound, or any law or regulation, or any order,
writ, injunction or decree of any court or government instrumentality, to which the Issuer
is subject or by which it or its property is bound, which breach or default might have a
material adverse effect on the ability of the Issuer to perform its obligations under this
Agreement, the Notes or the Issuing and Paying Agency Agreement.

	 	2.8	 	There is no litigation or governmental proceeding pending, or to the knowledge of the
Issuer threatened, against or affecting the Issuer or any of its subsidiaries which might
result in a material adverse change in the ability of the Issuer to perform its obligations
under this Agreement, the Notes or the Issuing and Paying Agency Agreement.

	 	2.9	 	The Issuer is not an “investment company” within the meaning of the Investment Company
Act of 1940, as amended.

	 	2.10	 	Neither the Private Placement Memorandum nor the Issuer Information contains any untrue
statement of a material fact or omits to state a material fact required to be stated
therein or necessary to make the statements therein, in light of the circumstances under
which they were made, not misleading.

	 	2.11	 	Each (a) issuance and sale of Notes by the Issuer hereunder and (b) amendment or
supplement of the Private Placement Memorandum shall be deemed a representation and
warranty by the Issuer to the Dealer, as of the date and time thereof, that, both before
and after giving effect to such issuance and sale and after giving effect to such amendment
or supplement, (i) the representations and warranties given by the Issuer set forth in this
Section 2 remain true and correct on and as of such date and time as if made on and as of
such date and at such time, (ii) in the case of an issuance of Notes, the Notes being
issued on such date have been duly and validly issued and constitute legal, valid and
binding obligations of the Issuer, enforceable against the Issuer in accordance with their
terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’
rights generally and subject, as to enforceability, to general principles of equity
(regardless of whether enforcement is sought in a proceeding in equity or at law), (iii) in
the case of an issuance or sale of Notes, since the date of the most recent Private
Placement Memorandum, there has been no material adverse change in the condition (financial
or otherwise) or operations of the Issuer which has not been disclosed to the Dealer in
writing and (iv) the Issuer is not in default of any of its obligations hereunder, under
the Notes or the Issuing and Paying Agency Agreement.

	3.	 	Covenants and Agreements of Issuer.

The Issuer covenants and agrees that:

	 	3.1	 	The Issuer will give the Dealer prompt notice (but in any event prior to any subsequent
issuance of Notes hereunder) of any amendment to, modification of or waiver with respect
to, the Notes or the Issuing and Paying Agency Agreement, including a complete copy of any
such amendment, modification or waiver.

	 	3.2	 	The Issuer shall, whenever there shall occur any change in the Issuer’s condition
(financial or otherwise) or operations or any development or occurrence in relation to the
Issuer that would have a material adverse effect on the holders of the Notes or on
potential holders of the Notes, promptly, and in any event prior to any subsequent issuance
of Notes hereunder, notify the Dealer (by telephone, confirmed in writing) of such change,
development or occurrence.

	 	3.3	 	The Issuer shall from time to time furnish to the Dealer such public information as the
Dealer may reasonably request regarding (i) the Issuer’s operations and financial
condition, (ii) the due authorization and execution of the Notes and (iii) the Issuer’s
ability to pay the Notes as they mature.

	 	3.4	 	The Issuer will take all such action as the Dealer may reasonably request to ensure
that each offer and each sale of the Notes will comply with any applicable state Blue Sky
laws; provided, however, that the Issuer shall not be obligated to file any general consent
to service of process or to qualify as a foreign corporation in any jurisdiction in which
it is not so qualified or subject itself to taxation in respect of doing business in any
jurisdiction in which it is not otherwise so subject.

	 	3.5	 	The Issuer will not be in default of any of its obligations hereunder, under the Notes
or under the Issuing and Paying Agency Agreement, at any time that any of the Notes are
outstanding.

	 	3.6	 	The Issuer shall not issue or sell Notes hereunder until the Dealer shall have received
(a) an opinion of counsel to the Issuer, addressed to the Dealer, reasonably satisfactory
in form and substance to the Dealer, (b) a copy of the executed Issuing and Paying Agency
Agreement as then in effect, (c) a copy of resolutions adopted by the Board of Directors of
the Issuer, reasonably satisfactory in form and substance to the Dealer and certified by
the Secretary or similar officer of the Issuer, authorizing execution and delivery by the
Issuer of this Agreement, the Issuing and Paying Agency Agreement and the Notes and
consummation by the Issuer of the transactions contemplated hereby and thereby, (d) prior
to the issuance of any book-entry Notes represented by a master note registered in the name
of DTC or its nominee, a copy of the executed Letter of Representations among the Issuer,
the Issuing and Paying Agent and DTC and of the executed master note, (e) prior to the
issuance of any Notes in physical form, a copy of such form (unless attached to this
Agreement or the Issuing and Paying Agency Agreement), (f) confirmation of the then current
rating assigned to the Notes by each nationally recognized statistical rating organization
then rating the Notes and (g) such other certificates, opinions, letters and documents as
the Dealer shall have reasonably requested.

	 	3.7	 	The Issuer shall reimburse the Dealer for all of the Dealer’s reasonable out-of-pocket
expenses related to this Agreement, including expenses incurred in connection with its
preparation and negotiation, and the transactions contemplated hereby (including, but not
limited to, the printing and distribution of the Private Placement Memorandum), and, if
applicable, for the reasonable fees and out-of-pocket expenses of the Dealer’s counsel.

	4.	 	Disclosure.

	 	4.1	 	The Private Placement Memorandum and its contents (other than the Dealer Information)
shall be the sole responsibility of the Issuer. The Private Placement Memorandum shall
contain a statement expressly offering an opportunity for each prospective purchaser to ask
questions of, and receive answers from, the Issuer concerning the offering of Notes and to
obtain relevant additional information which the Issuer possesses or can acquire without
unreasonable effort or expense.

	 	4.2	 	The Issuer agrees to promptly furnish the Dealer the Issuer Information as it becomes
available.

	 	4.3	 	(a) The Issuer further agrees to notify the Dealer promptly upon the occurrence of any
event relating to or affecting the Issuer that would cause the Issuer Information then in
existence to include an untrue statement of a material fact or to omit to state a material
fact necessary in order to make the statements contained therein, in light of the
circumstances under which they are made, not misleading.

(b) In the event that the Issuer gives the Dealer notice pursuant to Section 4.3(a) and the
Dealer notifies the Issuer that it then has Notes it is holding in inventory, the Issuer
agrees promptly to supplement or amend the Private Placement Memorandum so that the Private
Placement Memorandum, as amended or supplemented, shall not contain an untrue statement of
a material fact or omit to state a material fact necessary in order to make the statements
therein, in light of the circumstances under which they were made, not misleading, and the
Issuer shall make such supplement or amendment available to the Dealer.

(c) In the event that (i) the Issuer gives the Dealer notice pursuant to Section 4.3(a),
(ii) the Dealer does not notify the Issuer that it is then holding Notes in inventory and
(iii) the Issuer chooses not to promptly amend or supplement the Private Placement
Memorandum in the manner described in clause (b) above, then all solicitations and sales of
Notes shall be suspended until such time as the Issuer has so amended or supplemented the
Private Placement Memorandum, and made such amendment or supplement available to the
Dealer.

(d) Without limiting the generality of Section 4.3(a), the Issuer shall review, amend and
supplement the Private Placement Memorandum on a periodic basis, but no less than at least
once annually, to incorporate current financial information of the Issuer to the extent
necessary to ensure that the information provided in the Private Placement Memorandum is
accurate and complete.

5. Indemnification and Contribution.

	 	5.1	 	The Issuer will indemnify and hold harmless the Dealer, each individual, corporation,
partnership, trust, association or other entity controlling the Dealer, any affiliate of
the Dealer or any such controlling entity and their respective directors, officers,
employees, partners, incorporators, shareholders, servants, trustees and agents
(hereinafter the “Goldman Indemnitees”) against any and all liabilities, penalties, suits,
causes of action, losses, damages, claims, costs and expenses (including, without
limitation, reasonable fees and disbursements of counsel) or judgments of whatever kind or
nature (each a “Claim”), imposed upon, incurred by or asserted against the Goldman
Indemnitees arising out of or based upon (i) any allegation that the Private Placement
Memorandum, the Issuer Information or any other written information provided by the Issuer
to the Dealer included (as of any relevant time) or includes an untrue statement of a
material fact or omitted (as of any relevant time) or omits to state any material fact
necessary to make the statements therein, in light of the circumstances under which they
were made, not misleading or (ii) arising out of or based upon the breach by the Issuer of
any agreement, covenant or representation made in or pursuant to this Agreement which has a
material adverse effect on the Dealer or on the holders of the Notes; provided that this
indemnification shall not apply to the extent that the Claim arises out of or is based upon
Dealer Information. For the avoidance of doubt, it is agreed that Dealer Information
consists of the logo of the Dealer and the contact information to obtain additional
information, in each case as provided in the Private Placement Memorandum. Notwithstanding
the foregoing, it is agreed that the obligations of the Issuer under Section 5.1(ii) shall
not extend to the Dealer’s gross negligence or willful misconduct in the performance of its
obligations under this Agreement.

	 	5.2	 	The Dealer will indemnify and hold harmless the Issuer, each individual, corporation,
partnership, trust, association or other entity controlling the Issuer, any affiliate of
the Issuer or any such controlling entity and their respective directors, officers,
employees, partners, incorporators, shareholders, servants, trustees and agents
(hereinafter the “Issuer Indemnitees” against any Claim imposed upon, incurred by or
asserted against the Issuer Indemnitees arising out of or based upon any allegation that
the Dealer Information included (as of any relevant time) or includes an untrue statement
of a material fact or omitted (as of any relevant time) or omits to state any material fact
necessary to make the statements therein, in light of the circumstances under which they
were made, not misleading.

	 	5.3	 	Provisions relating to claims made for indemnification under this Section 5 are set
forth on Exhibit B to this Agreement.

	 	5.4	 	In order to provide for just and equitable contribution in circumstances in which the
indemnification provided for in this Section 5 is held to be unavailable or insufficient to
hold harmless the Indemnitees in respect of any Claim (although otherwise applicable in
accordance with the terms of this Section 5), the Goldman Indemnitees on the one hand, and
any Issuer Indemnitees, on the other hand, sought to be charged with any liability shall
contribute to the aggregate costs in connection with any Claim in the proportion of their
respective economic interests; provided, however, that such contribution by the Issuer
shall be in an amount such that the aggregate costs incurred by the Dealer do not exceed
the aggregate of the commissions and fees earned by the Dealer hereunder with respect to
the issue or issues of Notes to which such Claim relates. For purposes of this Section 5,
“economic interests” of the Issuer Indemnitees shall be equal to the aggregate proceeds of
the Notes issued in connection with this Agreement received by the Issuer and “economic
interests” of any Goldman Indemnitees shall be equal to the aggregate commissions and fees
earned by the Dealer hereunder.

6. Definitions.

	 	6.1	 	“Claim” shall have the meaning set forth in Section 5.1.

	 	6.2	 	“Dealer Information” shall mean material concerning the Dealer provided by the Dealer
in writing expressly for inclusion in the Private Placement Memorandum.

	 	 	 
	6.3

6.4

6.5

	 	“Exchange Act” shall mean the U.S. Securities Exchange Act of 1934, as amended.

“Goldman Indemnitees” shall have the meaning set forth in Section 5.1.

“Indemnitee” shall mean a Goldman Indemnitee or an Issuer Indemnitee.

	 	6.6	 	“Institutional Accredited Investor” shall mean an institutional investor that is an
accredited investor within the meaning of Rule 501 under the Securities Act and that has
such knowledge and experience in financial and business matters that it is capable of
evaluating and bearing the economic risk of an investment in the Notes, including, but not
limited to, a bank, as defined in Section 3(a)(2) of the Securities Act, or a savings and
loan association or other institution, as defined in Section 3(a)(5)(A) of the Securities
Act, whether acting in its individual or fiduciary capacity.

	 	6.7	 	“Issuer Indemnitees” shall have the meaning set forth in Section 5.2.

	 	6.8	 	“Issuer Information” at any given time shall mean the Private Placement Memorandum
together with, to the extent applicable, (i) the Issuer’s most recent report on Form 10-K
filed with the SEC and each report on Form 10-Q or 8-K filed by the Issuer with the SEC
since the most recent Form 10-K, (ii) the Issuer’s most recent annual audited financial
statements and each interim financial statement or report prepared subsequent thereto, if
not included in item (i) above, (iii) the Issuer’s and its affiliates’ other publicly
available recent reports, including, but not limited to, any publicly available filings or
reports provided to their respective shareholders, (iv) any other information or disclosure
prepared pursuant to Section 4.3 hereof and (v) any information prepared or approved in
writing by the Issuer for dissemination to investors or potential investors in the Notes.

	 	6.9	 	“Issuing and Paying Agency Agreement” shall mean the issuing and paying agency
agreement described on the cover page of this Agreement, as such agreement may be amended
or supplemented from time to time.

	 	6.10	 	“Issuing and Paying Agent” shall mean the party designated as such on the cover page of
this Agreement, as issuing and paying agent under the Issuing and Paying Agency Agreement,
or any successor thereto in accordance with the Issuing and Paying Agency Agreement.

	 	6.11	 	“Non-bank fiduciary or agent” shall mean a fiduciary or agent other than (a) a bank, as
defined in Section 3(a)(2) of the Securities Act, or (b) a savings and loan association, as
defined in Section 3(a)(5)(A) of the Securities Act.

	 	6.12	 	“Private Placement Memorandum” shall mean offering materials prepared in accordance
with Section 4 (including materials referred to therein or incorporated by reference
therein, if any) provided to purchasers and prospective purchasers of the Notes, and shall
include amendments and supplements thereto which may be prepared from time to time in
accordance with this Agreement (other than any amendment or supplement that has been
completely superseded by a later amendment or supplement).

	 	6.13	 	“Qualified Institutional Buyer” shall have the meaning assigned to that term in Rule
144A under the Securities Act.

	 	 	 
	6.14

6.15

6.16

	 	“Rule 144A” shall mean Rule 144A under the Securities Act.

“SEC” shall mean the U.S. Securities and Exchange Commission.

“Securities Act” shall mean the U.S. Securities Act of 1933, as amended.

7. General

	 	7.1	 	Unless otherwise expressly provided herein, all notices under this Agreement to
parties hereto shall be in writing and shall be effective when received at the address of
the respective party set forth in the Addendum to this Agreement.

	 	7.2	 	This Agreement shall be governed by and construed in accordance with the laws of the
State of New York.

	 	7.3	 	(a) The Issuer agrees that any suit, action or proceeding brought by the Issuer
against the Dealer in connection with or arising out of this Agreement or the Notes or the
offer and sale of the Notes shall be brought solely in the United States federal courts
located in the Borough of Manhattan or the courts of the State of New York located in the
Borough of Manhattan. EACH OF THE DEALER AND THE ISSUER WAIVES ITS RIGHT TO TRIAL BY JURY
IN ANY SUIT, ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY.

(b) The Issuer hereby irrevocably accepts and submits to the non-exclusive jurisdiction of
each of the aforesaid courts in personam, generally and unconditionally, for itself and in
respect of its properties, assets and revenues, with respect to any suit, action or
proceeding in connection with or arising out of this Agreement or the Notes or the offer
and sale of the Notes.

	 	7.4	 	This Agreement may be terminated, at any time, by the Issuer, upon one business day’s
prior notice to such effect to the Dealer, or by the Dealer upon one business day’s prior
notice to such effect to the Issuer. Any such termination, however, shall not affect the
obligations of the Issuer under Sections 3.7, 4.3, 5 and 7.3 hereof or the respective
representations, warranties, agreements, covenants, rights or responsibilities of the
parties made or arising prior to the termination of this Agreement.

	 	7.5	 	This Agreement is not assignable by either party hereto without the written consent
of the other party; provided, however, that the Dealer may assign its rights and
obligations under this Agreement to any affiliate of the Dealer.

	 	7.6	 	This Agreement may be signed in any number of counterparts, each of which shall be an
original, with the same effect as if the signatures thereto and hereto were upon the same
instrument.

	 	7.7	 	This Agreement is for the exclusive benefit of the parties hereto, and their
respective permitted successors and assigns hereunder, and shall not be deemed to give any
legal or equitable right, remedy or claim to any other person whatsoever.

	 	7.8	 	The Issuer acknowledges and agrees that in connection with this purchase and sale of
the Notes or any other services the Dealer may be deemed to be providing hereunder,
notwithstanding any preexisting relationship, advisory or otherwise, between the parties
or any oral representations or assurances previously or subsequently made by the Dealer:
(i) no fiduciary or agency relationship between the Issuer and any other person, on the
one hand, and the Dealer, on the other, exists; (ii) the Dealer is not acting as advisor,
expert or otherwise, to the Issuer, including, without limitation, with respect to the
determination of the offering price of the Notes, and such relationship between the
Issuer, on the one hand, and the Dealer, on the other, is entirely and solely commercial,
based on arms-length negotiations; (iii) any duties and obligations that the Dealer may
have to the Issuer shall be limited to those duties and obligations specifically stated
herein; and (iv) the Dealer and their respective affiliates may have interests that differ
from those of the Issuer. The Issuer hereby waives any claims that the Issuer may have
against the Dealer with respect to any breach of fiduciary duty in connection with the
purchase and sale of the Notes.

2

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date and
year first above written.

	 	 	 
	CME Group Inc., as Issuer

	 	Goldman, Sachs & Co., as Dealer
	By: /s/ James A. Pribel

	 	By: /s/ Joseph H. Ziluca
	Name: James A. Pribel

	 	Name: Joseph H. Ziluca
	Title: Director and Treasurer

	 	Title: Authorized Signatory

3

Addendum

The following additional clauses shall apply to the Agreement and be deemed a part thereof.

	1.	 	The other dealers referred to in clause (b) of Section 1.2 of the Agreement are Lehman
Brothers, Inc. and Banc of America Securities LLC. For purposes of Section 1.7(a), each of
Merrill Lynch Money Markets Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted
as a dealer for Notes issued prior to the date of the Agreement.

	2.	 	The addresses of the respective parties for purposes of notices under Section 7.1 are as
follows:

For the Issuer:

Attention of: Chief Financial Officer (Telecopy No. (312) 930-3016)

Address: 20 South Wacker Drive, Chicago, Illinois 60606

Attention: Chief Financial Officer

Fax number: (312) 930-3016

with copies to Treasurer (Telecopy No. (312) 930-3016) and to General Counsel (Telecopy No. (312)
930-4556)

For the Dealer:

Address: 85 Broad Street, New York, New York 10004

Attention: Money Market Origination

Telephone number: 212-902-6181

Fax number: 212-902-0683

4

Model Opinion of Counsel to Issuer

[Company Letterhead]

August      , 2008

To the Addressees listed on

Schedule I hereto

Ladies and Gentlemen:

I am the General Counsel of CME Group Inc., a Delaware corporation (the “Company”),
and, as such, I am furnishing this opinion in connection with each of (i) that certain Commercial
Paper Dealer Agreement, dated as of August 22, 2008 (the “Goldman Dealer Agreement”),
between the Company, as issuer, and Goldman, Sachs & Co., as dealer (the “Goldman Dealer”),
(ii) that certain Commercial Paper Dealer Agreement, dated as of August 22, 2008 (the “BoA
Dealer Agreement” and, together with the Goldman Dealer Agreement, together, the “Dealer
Agreements”), between the Company, as issuer, and Bank of America Securities, LLC, as dealer
(the “BoA Dealer”), (iii) that certain Issuing and Paying Agency Agreement, dated as of
August 16, 2007 (the “Issuing and Paying Agency Agreement”), between the Company and
JPMorgan Chase Bank, National Association, as issuing and paying agent (the “Issuing and Paying
Agent”), and (iv) the Master Note dated August 16, 2007 (the “Master Note”). The
Goldman Dealer Agreement, the BoA Dealer Agreement, the Issuing and Paying Agency Agreement and the
Master Note shall hereafter be referred to collectively as the “Transaction Agreements.”
This opinion is being delivered pursuant to Section 3.6 of each Dealer Agreement.

In my examination, I have assumed the genuineness of all signatures other than those of the
Company, including endorsements, the legal capacity and competency of natural persons, the
authenticity of all documents submitted to me as originals, the conformity to original documents of
all documents submitted to us as facsimile, electronic, certified or photostatic copies, and the
authenticity of the originals of such copies. When relevant facts were not independently
established, I have relied upon statements of governmental officials and upon representations made
in or pursuant to the Transaction Agreements, certificates of appropriate representatives of the
Company.

In rendering the opinions set forth herein, I have examined and relied upon originals or
copies of the Transaction Agreements and such other documents as I have deemed necessary or
appropriate as a basis for the opinions set forth below.

Capitalized terms used herein and not otherwise defined herein shall have the same meanings
herein as ascribed thereto in the Dealer Agreements. As used herein, “Applicable Laws”
means those laws, rules and regulations which, in my experience, are normally applicable to
transactions of the type contemplated by the Transaction Agreements, without my having made any
special investigation as to the applicability of any specific law, rule or regulation, and which
are not the subject of a specific opinion herein referring expressly to a particular law or laws.

I am a member of the Bar of the State of Illinois and the foregoing opinions are limited to
matters involving the Federal laws of the United States of America and the General Corporation Law
of the State of Delaware and I do not express any opinion as to any other laws. I note that the
Transaction Agreements purport to be governed by the laws of the State of New York and I express no
opinion with respect to the laws of the State of New York.

Based upon the foregoing and subject to the limitations, qualifications, exceptions and
assumptions set forth herein, I am of the opinion that:

1. The Company is a corporation validly existing and in good standing under the laws of the
State of Delaware.

2. The Company has all the requisite corporate power and authority to execute, deliver and
perform its obligations under each of the Transaction Agreements. The execution and delivery of
each of the Transaction Agreements and the consummation by the Company of the transactions
contemplated thereby have been duly authorized by all requisite corporate action on the part of the
Company. Each of each Dealer Agreement and the Issuing and Paying Agency Agreement has been duly
executed and delivered by the Company.

3. In the event that an Illinois court were to apply the substantive laws of the State of
Illinois, notwithstanding the choice of law of the parties set forth in the Transaction Agreements,
and without regard to choice of law principles, each of the Transaction Agreements constitutes and,
in the case of the Notes, when issued in accordance with the Issuing and Paying Agency Agreement
and paid for by the purchasers thereof, will constitute, the valid and binding obligations of the
Company, enforceable against the Company in accordance with their terms under the Applicable Laws
of the State of Illinois.

4. The execution and delivery by the Company of each of the Transaction Agreements and the
performance by the Company of its obligations under each of the Transaction Agreements, each in
accordance with its terms, do not (i) conflict with the certificate of incorporation or by-laws of
the Company, (ii) constitute a violation of, or a default under any material agreements or
instruments known to me (after due inquiry) to which the Company is a party or by which it is bound
or to which it is subject or result in the creation or imposition of any lien upon any property of
the Company pursuant to the terms of any such material agreement or instrument or (iii) violate any
order, writ, injunction or decree known to me (after due inquiry) of any court or governmental
authority or agency applicable to the Company.

5. The offer, sale and delivery of the Notes in the manner contemplated by the Dealer
Agreements do not require registration under the Securities Act of 1933, as amended, or
qualification of any indenture under the Trust Indenture Act of 1939, as amended (it being
understood that I express no opinion as to any subsequent resale of any Note); and the Notes will
rank at least pari passu with all other unsecured and unsubordinated indebtedness
of the Company.

6. No consent, approval or authorization of, or filing, recording or registration with, any
governmental authority, which has not been obtained or taken and is not in full force and effect,
is required to authorize, or is required in connection with, the execution or delivery of any of
the Transaction Agreements by the Company or the enforceability of any of the Transaction
Agreements against the Company, except as may be required by the securities or Blue Sky laws of the
various states in connection with the offer and sale of the Notes.

7. To the best of my knowledge, except as disclosed in the Company’s public filings with the
Securities and Exchange Commission, there is no litigation or governmental proceeding pending or
threatened against the Company or any of its subsidiaries which would have a material adverse
effect on the ability of the Company to perform its obligations under the Transaction Agreements.

8. The Company is not an “investment company” within the meaning of the Investment Company Act
of 1940, as amended.

My opinions are subject to the following assumptions and qualifications:

(a) enforcement may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium or other similar laws affecting creditors’ rights generally and by general principles of
equity (regardless of whether enforcement is sought in equity or at law);

(b) I have assumed that each of the Transaction Agreements constitutes the valid and binding
obligation of each party to such Transaction Agreement (other than the Company to the extent
expressly set forth herein) enforceable against such other party in accordance with its terms;

(c) I express no opinion as to the effect on the opinions expressed herein of (i) the
compliance or non-compliance of any party (other than the Company to the extent expressly set forth
herein) to the Transaction Agreements with any state, federal or other laws or regulations
applicable to any of them or (ii) the legal or regulatory status or the nature of the business of
any party (other than the Company to the extent expressly set forth herein);

(d) I express no opinion as to the enforceability of any rights to contribution or
indemnification provided for in the Transaction Agreements which are violative of the public policy
underlying any law, rule or regulation (including any federal or state securities law, rule or
regulation);

(e) I express no opinion as to the applicability or effect of any fraudulent transfer,
preference or similar law on the Transaction Agreements or any transactions contemplated thereby;

(f) I express no opinion on the enforceability of any provision in a Transaction Agreement
purporting to prohibit, restrict or condition the assignment of rights under such Transaction
Agreement to the extent such restriction on assignability is governed by the Uniform Commercial
Code;

(g) I express no opinion as to the enforceability of any provision of any Transaction
Agreement to the extent it purports to waive any objection a person may have that a suit, action or
proceeding has been brought in an inconvenient forum or a forum lacking subject matter
jurisdiction;

(h) for purposes of my opinion set forth in paragraph 5 above, I have assumed (a) the accuracy
of the representations and warranties and compliance with the agreements made by the Dealer in the
Dealer Agreements (b) compliance by the Dealer with the offering and transfer procedures and
restrictions required by the Dealer Agreements including, without limitation, the delivery to each
purchaser of the Notes of an offering memorandum containing a legend restricting offers, sales and
resales of the Notes in the form required by the Dealer Agreements and (c) the accuracy of the
representations and warranties made in accordance with such offering memorandum by the initial
purchasers of the Notes; and

(i) I express no opinion as to the enforceability of Section 7.3(a) of either Dealer
Agreement.

At the request of the Company, this opinion letter is, pursuant to Section 3.6 of each Dealer
Agreement, provided to you by me in my capacity as in-house counsel of the Company and may not be
relied upon by any person for any purpose other than in connection with the transactions
contemplated by the Transaction Agreements without, in each instance, my prior written consent. No
opinion is implied or is to be inferred beyond the opinions expressly stated above. I assume no
obligation to update this letter for events, changes in law or circumstances occurring after the
date of this opinion.

Very truly yours,

Schedule I to Opinion

Addressees

Goldman, Sachs & Co., as Dealer for the Notes (under and as defined in the Goldman Dealer
Agreement)

Banc of America Securities LLC, as Dealer for Notes (as defined in the BoA Dealer Agreement)

5

Exhibit A

Form of Legend for Private Placement Memorandum and Notes

THE NOTES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”),
OR ANY OTHER APPLICABLE SECURITIES LAW, AND OFFERS AND SALES THEREOF MAY BE MADE ONLY IN COMPLIANCE
WITH AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE ACT AND ANY APPLICABLE STATE
SECURITIES LAWS. BY ITS ACCEPTANCE OF A NOTE, THE PURCHASER WILL BE DEEMED TO REPRESENT THAT (I)
IT HAS BEEN AFFORDED AN OPPORTUNITY TO INVESTIGATE MATTERS RELATING TO THE ISSUER AND THE NOTES,
(II) IT IS NOT ACQUIRING SUCH NOTE WITH A VIEW TO ANY DISTRIBUTION THEREOF AND (III) IT IS EITHER
(A)(1) AN INSTITUTIONAL INVESTOR THAT IS AN ACCREDITED INVESTOR WITHIN THE MEANING OF RULE 501(a)
UNDER THE ACT (AN “INSTITUTIONAL ACCREDITED INVESTOR” AND (2)(i) PURCHASING NOTES FOR ITS OWN
ACCOUNT, (ii) A BANK (AS DEFINED IN SECTION 3(a)(2) OF THE ACT) OR A SAVINGS AND LOAN ASSOCIATION
OR OTHER INSTITUTION (AS DEFINED IN SECTION 3(a)(5)(A) OF THE ACT) ACTING IN ITS INDIVIDUAL OR
FIDUCIARY CAPACITY OR (iii) A FIDUCIARY OR AGENT (OTHER THAN A U.S. BANK OR SAVINGS AND LOAN
ASSOCIATION) PURCHASING NOTES FOR ONE OR MORE ACCOUNTS EACH OF WHICH ACCOUNTS IS SUCH AN
INSTITUTIONAL ACCREDITED INVESTOR; OR (B) A QUALIFIED INSTITUTIONAL BUYER (“QIB”) WITHIN THE
MEANING OF RULE 144A UNDER THE ACT THAT IS ACQUIRING NOTES FOR ITS OWN ACCOUNT OR FOR ONE OR MORE
ACCOUNTS, EACH OF WHICH ACCOUNTS IS A QIB; AND THE PURCHASER ACKNOWLEDGES THAT IT IS AWARE THAT THE
SELLER MAY RELY UPON THE EXEMPTION FROM THE REGISTRATION PROVISIONS OF SECTION 5 OF THE ACT
PROVIDED BY RULE 144A. BY ITS ACCEPTANCE OF A NOTE, THE PURCHASER THEREOF SHALL ALSO BE DEEMED TO
AGREE THAT ANY RESALE OR OTHER TRANSFER THEREOF WILL BE MADE ONLY (A) IN A TRANSACTION EXEMPT FROM
REGISTRATION UNDER THE ACT, EITHER (1) TO THE ISSUER OR TO A PLACEMENT AGENT DESIGNATED BY THE
ISSUER AS A PLACEMENT AGENT FOR THE NOTES (COLLECTIVELY, THE “PLACEMENT AGENTS”), NONE OF WHICH
SHALL HAVE ANY OBLIGATION TO ACQUIRE SUCH NOTE, (2) THROUGH A PLACEMENT AGENT TO AN INSTITUTIONAL
ACCREDITED INVESTOR OR A QIB, OR (3) TO A QIB IN A TRANSACTION THAT MEETS THE REQUIREMENTS OF RULE
144A AND (B) IN MINIMUM AMOUNTS OF $250,000.

6

Exhibit B

Further Provisions Relating to Indemnification

	(a)	 	The Issuer agrees to reimburse each Goldman Indemnitee for all reasonable expenses
(including reasonable fees and disbursements of external counsel) as they are incurred by it
in connection with investigating or defending any loss, claim, damage, liability or action in
respect of which indemnification may be sought under Section 5.1 of the Agreement (whether or
not it is a party to any such proceedings).

	(b)	 	Promptly after receipt by a Goldman Indemnitee of notice of the existence of a Claim arising
under Section 5.1 of the Agreement, such Goldman Indemnitee will, if a claim in respect
thereof is to be made against the Issuer, notify the Issuer in writing of the existence
thereof; provided that (i) the omission so to notify the Issuer will not relieve the Issuer
from any liability which it may have hereunder unless and except to the extent it did not
otherwise learn of such Claim and such failure results in the forfeiture by the Issuer of
substantial rights and defenses, and (ii) the omission so to notify the Issuer will not
relieve it from liability which it may have to a Goldman Indemnitee otherwise than on account
of this indemnity agreement. In case any such Claim is made against any Goldman Indemnitee
and it notifies the Issuer of the existence thereof, the Issuer will be entitled to
participate therein, and to the extent that it may elect by written notice delivered to the
Goldman Indemnitee, to assume the defense thereof, with counsel reasonably satisfactory to
such Goldman Indemnitee; provided that if the defendants in any such Claim include both the
Goldman Indemnitee and the Issuer, and the Goldman Indemnitee shall have concluded that there
may be legal defenses available to it which are different from or additional to those
available to the Issuer, the Issuer shall not have the right to direct the defense of such
Claim on behalf of such Goldman Indemnitee, and the Goldman Indemnitee shall have the right to
select separate counsel to assert such legal defenses on behalf of such Goldman Indemnitee.
Upon receipt of notice from the Issuer to such Goldman Indemnitee of the Issuer’s election so
to assume the defense of such Claim and approval by the Goldman Indemnitee of counsel, the
Issuer will not be liable to such Goldman Indemnitee for expenses incurred thereafter by the
Goldman Indemnitee in connection with the defense thereof (other than reasonable costs of
investigation) unless (i) the Goldman Indemnitee shall have employed separate counsel in
connection with the assertion of legal defenses in accordance with the proviso to the next
preceding sentence (it being understood, however, that the Issuer shall not be liable for the
expenses of more than one separate counsel (in addition to any local counsel in the
jurisdiction in which any Claim is brought), approved by the Dealer, representing the Goldman
Indemnitee who is party to such Claim), (ii) the Issuer shall not have employed counsel
reasonably satisfactory to the Goldman Indemnitee to represent the Goldman Indemnitee within a
reasonable time after notice of existence of the Claim or (iii) the Issuer has authorized in
writing the employment of counsel for the Goldman Indemnitee. The indemnity, reimbursement
and contribution obligations of the Issuer hereunder shall be in addition to any other
liability the Issuer may otherwise have to a Goldman Indemnitee and shall be binding upon and
inure to the benefit of any successors, assigns, heirs and personal representatives of the
Issuer and any Indemnitee. The Issuer agrees that without the Dealer’s prior written consent,
it will not settle, compromise or consent to the entry of any judgment in any Claim in respect
of which indemnification may be sought under the indemnification provision of the Agreement
(whether or not the Dealer or any other Indemnitee is an actual or potential party to such
Claim), unless such settlement, compromise or consent (i) includes an unconditional release of
each Indemnitee from all liability arising out of such Claim and (ii) does not include a
statement as to or an admission of fault, culpability or failure to act, by or on behalf of
any Indemnitee.

	(c)	 	The Dealer agrees to reimburse each Issuer Indemnitee for all reasonable expenses (including
reasonable fees and disbursements of external counsel) as they are incurred by it in
connection with investigating or defending any loss, claim, damage, liability or action in
respect of which indemnification may be sought under Section 5.2 of the Agreement (whether or
not it is a party to any such proceedings).

	(d)	 	Promptly after receipt by an Issuer Indemnitee of notice of the existence of a Claim arising
under Section 5.2 of the Agreement, such Issuer Indemnitee will, if a claim in respect thereof
is to be made against the Dealer, notify the Dealer in writing of the existence thereof;
provided that (i) the omission so to notify the Dealer will not relieve the Dealer from any
liability which it may have hereunder unless and except to the extent it did not otherwise
learn of such Claim and such failure results in the forfeiture by the Dealer of any of its
rights and defenses that it reasonably deems to be material, and (ii) the omission so to
notify the Dealer will not relieve it from liability which it may have to an Issuer Indemnitee
otherwise than on account of this indemnity agreement. In case any such Claim is made against
any Issuer Indemnitee and it notifies the Dealer of the existence thereof, the Dealer will be
entitled to participate therein, and to the extent that it may elect by written notice
delivered to the Issuer Indemnitee, to assume the defense thereof, with counsel reasonably
satisfactory to such Issuer Indemnitee; provided that if the defendants in any such Claim
include both the Issuer Indemnitee and the Dealer, and the Issuer Indemnitee shall have
concluded that there may be legal defenses available to it which are different from or
additional to those available to the Dealer, the Dealer shall not have the right to direct the
defense of such Claim on behalf of such Issuer Indemnitee, and the Issuer Indemnitee shall
have the right to select separate counsel to assert such legal defenses on behalf of such
Issuer Indemnitee. Upon receipt of notice from the Dealer to such Issuer Indemnitee of the
Dealer’s election so to assume the defense of such Claim and approval by the Issuer Indemnitee
of counsel, the Dealer will not be liable to such Issuer Indemnitee for expenses incurred
thereafter by the Issuer Indemnitee in connection with the defense thereof (other than
reasonable costs of investigation) unless (i) the Issuer Indemnitee shall have employed
separate counsel in connection with the assertion of legal defenses in accordance with the
proviso to the next preceding sentence (it being understood, however, that the Dealer shall
not be liable for the expenses of more than one separate counsel (in addition to any local
counsel in the jurisdiction in which any Claim is brought), approved by the Issuer,
representing the Issuer Indemnitee who is party to such Claim), (ii) the Dealer shall not have
employed counsel reasonably satisfactory to the Issuer Indemnitee to represent the Issuer
Indemnitee within a reasonable time after notice of existence of the Claim or (iii) the Dealer
has authorized in writing the employment of counsel for the Issuer Indemnitee. The indemnity,
reimbursement and contribution obligations of the Dealer hereunder shall be in addition to any
other liability the Dealer may otherwise have to an an Issuer Indemnitee and shall be binding
upon and inure to the benefit of any successors, assigns, heirs and personal representatives
of the Dealer and any Issuer Indemnitee. The Dealer agrees that without the Issuer’s prior
written consent, it will not settle, compromise or consent to the entry of any judgment in any
Claim in respect of which indemnification may be sought under the indemnification provision of
the Agreement (whether or not the Issuer or any other Indemnitee is an actual or potential
party to such Claim), unless such settlement, compromise or consent (i) includes an
unconditional release of each Indemnitee from all liability arising out of such Claim and (ii)
does not include a statement as to or an admission of fault, culpability or failure to act, by
or on behalf of any Indemnitee.

Exhibit C

Statement of Terms for Interest – Bearing Commercial Paper Notes of CME Group Inc.

THE PROVISIONS SET FORTH BELOW ARE QUALIFIED TO THE EXTENT APPLICABLE BY THE TRANSACTION
SPECIFIC [PRICING] [PRIVATE PLACEMENT MEMORANDUM] SUPPLEMENT (THE “SUPPLEMENT”) (IF ANY) SENT TO
EACH PURCHASER AT THE TIME OF THE TRANSACTION.

	 	1.	 	General. (a) The obligations of the Issuer to which these terms apply (each a
“Note”) are represented by one or more Master Notes (each, a “Master Note”) issued in the
name of (or of a nominee for) The Depository Trust Company (“DTC”), which Master Note
includes the terms and provisions for the Issuer’s Interest-Bearing Commercial Paper Notes
that are set forth in this Statement of Terms, since this Statement of Terms constitutes an
integral part of the Underlying Records as defined and referred to in the Master Note.

(b) “Business Day” means any day other than a Saturday or Sunday that is neither a legal
holiday nor a day on which banking institutions are authorized or required by law, executive
order or regulation to be closed in New York City and, with respect to LIBOR Notes (as defined
below) is also a London Business Day. “London Business Day” means, a day, other than a
Saturday or Sunday, on which dealings in deposits in U.S. dollars are transacted in the London
interbank market.

	 	2.	 	Interest. (a) Each Note will bear interest at a fixed rate (a “Fixed Rate
Note”) or at a floating rate (a “Floating Rate Note”).

(b) The Supplement sent to each holder of such Note will describe the following terms: (i)
whether such Note is a Fixed Rate Note or a Floating Rate Note and whether such Note is an
Original Issue Discount Note (as defined below); (ii) the date on which such Note will be
issued (the “Issue Date”); (iii) the Stated Maturity Date (as defined below); (iv) if such
Note is a Fixed Rate Note, the rate per annum at which such Note will bear interest, if any,
and the Interest Payment Dates; (v) if such Note is a Floating Rate Note, the Base Rate, the
Index Maturity, the Interest Reset Dates, the Interest Payment Dates and the Spread and/or
Spread Multiplier, if any (all as defined below), and any other terms relating to the
particular method of calculating the interest rate for such Note; and (vi) any other terms
applicable specifically to such Note. “Original Issue Discount Note” means a Note which has a
stated redemption price at the Stated Maturity Date that exceeds its Issue Price by more than
a specified de minimis amount and which the Supplement indicates will be an “Original Issue
Discount Note”.

(c) Each Fixed Rate Note will bear interest from its Issue Date at the rate per annum
specified in the Supplement until the principal amount thereof is paid or made available for
payment. Interest on each Fixed Rate Note will be payable on the dates specified in the
Supplement (each an “Interest Payment Date” for a Fixed Rate Note) and on the Maturity Date
(as defined below). Interest on Fixed Rate Notes will be computed on the basis of a 360-day
year of twelve 30-day months.

If any Interest Payment Date or the Maturity Date of a Fixed Rate Note falls on a day that is not a
Business Day, the required payment of principal, premium, if any, and/or interest will be payable
on the next succeeding Business Day, and no additional interest will accrue in respect of the
payment made on that next succeeding Business Day.

(d) The interest rate on each Floating Rate Note for each Interest Reset Period (as defined below)
will be determined by reference to an interest rate basis (a “Base Rate”) plus or minus a number of
basis points (one basis point equals one-hundredth of a percentage point) (the “Spread”), if any,
and/or multiplied by a certain percentage (the “Spread Multiplier”), if any, until the principal
thereof is paid or made available for payment. The Supplement will designate which of the
following Base Rates is applicable to the related Floating Rate Note: (a) the CD Rate (a “CD Rate
Note”), (b) the Commercial Paper Rate (a “Commercial Paper Rate Note”), (c) the Federal Funds Rate
(a “Federal Funds Rate Note”), (d) LIBOR (a “LIBOR Note”), (e) the Prime Rate (a “Prime Rate
Note”), (f) the Treasury Rate (a “Treasury Rate Note”) or (g) such other Base Rate as may be
specified in such Supplement.

The rate of interest on each Floating Rate Note will be reset daily, weekly, monthly, quarterly or
semi-annually (the “Interest Reset Period”). The date or dates on which interest will be reset
(each an “Interest Reset Date”) will be, unless otherwise specified in the Supplement, in the case
of Floating Rate Notes which reset daily, each Business Day, in the case of Floating Rate Notes
(other than Treasury Rate Notes) that reset weekly, the Wednesday of each week; in the case of
Treasury Rate Notes that reset weekly, the Tuesday of each week; in the case of Floating Rate Notes
that reset monthly, the third Wednesday of each month; in the case of Floating Rate Notes that
reset quarterly, the third Wednesday of March, June, September and December; and in the case of
Floating Rate Notes that reset semiannually, the third Wednesday of the two months specified in the
Supplement. If any Interest Reset Date for any Floating Rate Note is not a Business Day, such
Interest Reset Date will be postponed to the next day that is a Business Day, except that in the
case of a LIBOR Note, if such Business Day is in the next succeeding calendar month, such Interest
Reset Date shall be the immediately preceding Business Day. Interest on each Floating Rate Note
will be payable monthly, quarterly or semiannually (the “Interest Payment Period”) and on the
Maturity Date. Unless otherwise specified in the Supplement, and except as provided below, the
date or dates on which interest will be payable (each an “Interest Payment Date” for a Floating
Rate Note) will be, in the case of Floating Rate Notes with a monthly Interest Payment Period, on
the third Wednesday of each month; in the case of Floating Rate Notes with a quarterly Interest
Payment Period, on the third Wednesday of March, June, September and December; and in the case of
Floating Rate Notes with a semiannual Interest Payment Period, on the third Wednesday of the two
months specified in the Supplement. In addition, the Maturity Date will also be an Interest
Payment Date.

If any Interest Payment Date for any Floating Rate Note (other than an Interest Payment Date
occurring on the Maturity Date) would otherwise be a day that is not a Business Day, such Interest
Payment Date shall be postponed to the next day that is a Business Day, except that in the case of
a LIBOR Note, if such Business Day is in the next succeeding calendar month, such Interest Payment
Date shall be the immediately preceding Business Day. If the Maturity Date of a Floating Rate Note
falls on a day that is not a Business Day, the payment of principal and interest will be made on
the next succeeding Business Day, and no interest on such payment shall accrue for the period from
and after such maturity.

Interest payments on each Interest Payment Date for Floating Rate Notes will include accrued
interest from and including the Issue Date or from and including the last date in respect of which
interest has been paid, as the case may be, to, but excluding, such Interest Payment Date. On the
Maturity Date, the interest payable on a Floating Rate Note will include interest accrued to, but
excluding, the Maturity Date. Accrued interest will be calculated by multiplying the principal
amount of a Floating Rate Note by an accrued interest factor. This accrued interest factor will be
computed by adding the interest factors calculated for each day in the period for which accrued
interest is being calculated. The interest factor (expressed as a decimal) for each such day will
be computed by dividing the interest rate applicable to such day by 360, in the cases where the
Base Rate is the CD Rate, Commercial Paper Rate, Federal Funds Rate, LIBOR or Prime Rate, or by the
actual number of days in the year, in the case where the Base Rate is the Treasury Rate. The
interest rate in effect on each day will be (i) if such day is an Interest Reset Date, the interest
rate with respect to the Interest Determination Date (as defined below) pertaining to such Interest
Reset Date, or (ii) if such day is not an Interest Reset Date, the interest rate with respect to
the Interest Determination Date pertaining to the next preceding Interest Reset Date, subject in
either case to any adjustment by a Spread and/or a Spread Multiplier.

The “Interest Determination Date” where the Base Rate is the CD Rate or the Commercial Paper Rate
will be the second Business Day next preceding an Interest Reset Date. The Interest Determination
Date where the Base Rate is the Federal Funds Rate or the Prime Rate will be the Business Day next
preceding an Interest Reset Date. The Interest Determination Date where the Base Rate is LIBOR
will be the second London Business Day next preceding an Interest Reset Date. The Interest
Determination Date where the Base Rate is the Treasury Rate will be the day of the week in which
such Interest Reset Date falls when Treasury Bills are normally auctioned. Treasury Bills are
normally sold at auction on Monday of each week, unless that day is a legal holiday, in which case
the auction is held on the following Tuesday or the preceding Friday. If an auction is so held on
the preceding Friday, such Friday will be the Interest Determination Date pertaining to the
Interest Reset Date occurring in the next succeeding week.

The “Index Maturity” is the period to maturity of the instrument or obligation from which the
applicable Base Rate is calculated.

The “Calculation Date,” where applicable, shall be the earlier of (i) the tenth calendar day
following the applicable Interest Determination Date or (ii) the Business Day preceding the
applicable Interest Payment Date or Maturity Date.

All times referred to herein reflect New York City time, unless otherwise specified.

The Issuer shall specify in writing to the Issuing and Paying Agent which party will be the
calculation agent (the “Calculation Agent”) with respect to the Floating Rate Notes. The
Calculation Agent will provide the interest rate then in effect and, if determined, the interest
rate which will become effective on the next Interest Reset Date with respect to such Floating Rate
Note to the Issuing and Paying Agent as soon as the interest rate with respect to such Floating
Rate Note has been determined and as soon as practicable after any change in such interest rate.

All percentages resulting from any calculation on Floating Rate Notes will be rounded to the
nearest one hundred-thousandth of a percentage point, with five-one millionths of a percentage
point rounded upwards. For example, 9.876545% (or .09876545) would be rounded to 9.87655% (or
        .0987655). All dollar amounts used in or resulting from any calculation on Floating Rate Notes
will be rounded, in the case of U.S. dollars, to the nearest cent or, in the case of a foreign
currency, to the nearest unit (with one-half cent or unit being rounded upwards).

CD Rate Notes

“CD Rate” means the rate on any Interest Determination Date for negotiable certificates of
deposit having the Index Maturity as published by the Board of Governors of the Federal Reserve
System (the “FRB”) in “Statistical Release H.15(519), Selected Interest Rates” or any successor
publication of the FRB (“H.15(519)”) under the heading “CDs (Secondary Market)”.

If the above rate is not published in H.15(519) by 3:00 p.m. on the Calculation Date, the CD
Rate will be the rate on such Interest Determination Date set forth in the daily update of
H.15(519), available through the world wide website of the FRB at
http://www.federalreserve.gov/releases/h15/Update, or any successor site or publication or other
recognized electronic source used for the purpose of displaying the applicable rate (“H.15 Daily
Update”) under the caption “CDs (Secondary Market)”.

If such rate is not published in either H.15(519) or H.15 Daily Update by 3:00 p.m. on the
Calculation Date, the Calculation Agent will determine the CD Rate to be the arithmetic mean of
the secondary market offered rates as of 10:00 a.m. on such Interest Determination Date of three
leading nonbank dealers in negotiable U.S. dollar certificates of deposit in New York City
selected by the Calculation Agent for negotiable U.S. dollar certificates of deposit of major
United States money center banks of the highest credit standing in the market for negotiable
certificates of deposit with a remaining maturity closest to the Index Maturity in the
denomination of $5,000,000.

If the dealers selected by the Calculation Agent are not quoting as set forth above, the CD Rate
will remain the CD Rate then in effect on such Interest Determination Date.

Commercial Paper Rate Notes

“Commercial Paper Rate” means the Money Market Yield (calculated as described below) of the rate
on any Interest Determination Date for commercial paper having the Index Maturity, as published
in H.15(519) under the heading “Commercial Paper-Nonfinancial”.

If the above rate is not published in H.15(519) by 3:00 p.m. on the Calculation Date, then the
Commercial Paper Rate will be the Money Market Yield of the rate on such Interest Determination
Date for commercial paper of the Index Maturity as published in H.15 Daily Update under the
heading “Commercial Paper-Nonfinancial”.

If by 3:00 p.m. on such Calculation Date such rate is not published in either H.15(519) or H.15
Daily Update, then the Calculation Agent will determine the Commercial Paper Rate to be the
Money Market Yield of the arithmetic mean of the offered rates as of 11:00 a.m. on such Interest
Determination Date of three leading dealers of U.S. dollar commercial paper in New York City
selected by the Calculation Agent for commercial paper of the Index Maturity placed for an
industrial issuer whose bond rating is “AA,” or the equivalent, from a nationally recognized
statistical rating organization.

If the dealers selected by the Calculation Agent are not quoting as mentioned above, the
Commercial Paper Rate with respect to such Interest Determination Date will remain the
Commercial Paper Rate then in effect on such Interest Determination Date.

	 	 	 
	“Money Market Yield” will be a yield calculated in accordance with the following formula:

	D x 360

Money Market Yield =

360 — (D x M)

	 	

x 100

where “D” refers to the applicable per annum rate for commercial paper quoted on a bank discount
basis and expressed as a decimal and “M” refers to the actual number of days in the interest
period for which interest is being calculated.

Federal Funds Rate Notes

“Federal Funds Rate” means the rate on any Interest Determination Date for federal funds as
published in H.15(519) under the heading “Federal Funds (Effective)” and displayed on Moneyline
Telerate (or any successor service) on page 120 (or any other page as may replace the specified
page on that service) (“Telerate Page 120”).

If the above rate does not appear on Telerate Page 120 or is not so published by 3:00 p.m. on
the Calculation Date, the Federal Funds Rate will be the rate on such Interest Determination
Date as published in H.15 Daily Update under the heading “Federal Funds/(Effective)”.

If such rate is not published as described above by 3:00 p.m. on the Calculation Date, the
Calculation Agent will determine the Federal Funds Rate to be the arithmetic mean of the rates
for the last transaction in overnight U.S. dollar federal funds arranged by each of three
leading brokers of Federal Funds transactions in New York City selected by the Calculation Agent
prior to 9:00 a.m. on such Interest Determination Date.

If the brokers selected by the Calculation Agent are not quoting as mentioned above, the Federal
Funds Rate will remain the Federal Funds Rate then in effect on such Interest Determination
Date.

LIBOR Notes

The London Interbank offered rate (“LIBOR”) means, with respect to any Interest Determination
Date, the rate for deposits in U.S. dollars having the Index Maturity that appears on the
Designated LIBOR Page as of 11:00 a.m., London time, on such Interest Determination Date.

If no rate appears, LIBOR will be determined on the basis of the rates at approximately 11:00
a.m., London time, on such Interest Determination Date at which deposits in U.S. dollars are
offered to prime banks in the London interbank market by four major banks in such market
selected by the Calculation Agent for a term equal to the Index Maturity and in principal amount
equal to an amount that in the Calculation Agent’s judgment is representative for a single
transaction in U.S. dollars in such market at such time (a “Representative Amount”). The
Calculation Agent will request the principal London office of each of such banks to provide a
quotation of its rate. If at least two such quotations are provided, LIBOR will be the
arithmetic mean of such quotations. If fewer than two quotations are provided, LIBOR for such
interest period will be the arithmetic mean of the rates quoted at approximately 11:00 a.m., in
New York City, on such Interest Determination Date by three major banks in New York City,
selected by the Calculation Agent, for loans in U.S. dollars to leading European banks, for a
term equal to the Index Maturity and in a Representative Amount; provided, however, that if
fewer than three banks so selected by the Calculation Agent are providing such quotations, the
then existing LIBOR rate will remain in effect for such Interest Payment Period.

“Designated LIBOR Page” means the display which appears on Reuters Screen LIBOR01, Inc. (or such
other page as may replace such page on that service or such other service or services as may be
nominated by the British Bankers’ Association for the purpose of displaying London interbank
offered rates for U.S. dollar deposits).

Prime Rate Notes

“Prime Rate” means the rate on any Interest Determination Date as published in H.15(519) under
the heading “Bank Prime Loan”.

If the above rate is not published in H.15(519) prior to 3:00 p.m. on the Calculation Date, then
the Prime Rate will be the rate on such Interest Determination Date as published in H.15 Daily
Update opposite the caption “Bank Prime Loan”.

If the rate is not published prior to 3:00 p.m. on the Calculation Date in either H.15(519) or
H.15 Daily Update, then the Calculation Agent will determine the Prime Rate to be the arithmetic
mean of the rates of interest publicly announced by each bank that appears on the Reuters Screen
US PRIME1 Page (as defined below) as such bank’s prime rate or base lending rate as of 11:00
a.m., on that Interest Determination Date.

If fewer than four such rates referred to above are so published by 3:00 p.m. on the Calculation
Date, the Calculation Agent will determine the Prime Rate to be the arithmetic mean of the prime
rates or base lending rates quoted on the basis of the actual number of days in the year divided
by 360 as of the close of business on such Interest Determination Date by three major banks in
New York City selected by the Calculation Agent.

If the banks selected are not quoting as mentioned above, the Prime Rate will remain the Prime
Rate in effect on such Interest Determination Date.

“Reuters Screen US PRIME1 Page” means the display designated as page “US PRIME1” on the Reuters
Monitor Money Rates Service (or such other page as may replace the US PRIME1 page on that
service for the purpose of displaying prime rates or base lending rates of major United States
banks).

Treasury Rate Notes

“Treasury Rate” means:

(1) the rate from the auction held on the Interest Determination Date (the “Auction”) of direct
obligations of the United States (“Treasury Bills”) having the Index Maturity specified in the
Supplement under the caption “INVESTMENT RATE” on the display on Moneyline Telerate (or any
successor service) on page 56 (or any other page as may replace that page on that service)
(“Telerate Page 56”) or page 57 (or any other page as may replace that page on that service)
(“Telerate Page 57”), or

(2) if the rate referred to in clause (1) is not so published by 3:00 p.m. on the related
Calculation Date, the Bond Equivalent Yield (as defined below) of the rate for the applicable
Treasury Bills as published in H.15 Daily Update, under the caption “U.S. Government
Securities/Treasury Bills/Auction High”, or

(3) if the rate referred to in clause (2) is not so published by 3:00 p.m. on the related
Calculation Date, the Bond Equivalent Yield of the auction rate of the applicable Treasury Bills
as announced by the United States Department of the Treasury, or

(4) if the rate referred to in clause (3) is not so announced by the United States Department of
the Treasury, or if the Auction is not held, the Bond Equivalent Yield of the rate on the
particular Interest Determination Date of the applicable Treasury Bills as published in
H.15(519) under the caption “U.S. Government Securities/Treasury Bills/Secondary Market”, or

(5) if the rate referred to in clause (4) not so published by 3:00 p.m. on the related
Calculation Date, the rate on the particular Interest Determination Date of the applicable
Treasury Bills as published in H.15 Daily Update, under the caption “U.S. Government
Securities/Treasury Bills/Secondary Market”, or

(6) if the rate referred to in clause (5) is not so published by 3:00 p.m. on the related
Calculation Date, the rate on the particular Interest Determination Date calculated by the
Calculation Agent as the Bond Equivalent Yield of the arithmetic mean of the secondary market
bid rates, as of approximately 3:30 p.m. on that Interest Determination Date, of three primary
United States government securities dealers selected by the Calculation Agent, for the issue of
Treasury Bills with a remaining maturity closest to the Index Maturity specified in the
Supplement, or

(7) if the dealers so selected by the Calculation Agent are not quoting as mentioned in clause
(6), the Treasury Rate in effect on the particular Interest Determination Date.

“Bond Equivalent Yield” means a yield (expressed as a percentage) calculated in accordance with the
following formula:

	 	 	 
	Bond Equivalent Yield =

	 	D x N

x 100

360 — (D x M)

where “D” refers to the applicable per annum rate for Treasury Bills quoted on a bank discount
basis and expressed as a decimal, “N” refers to 365 or 366, as the case may be, and “M” refers
to the actual number of days in the applicable Interest Reset Period.

	3.	 	Final Maturity. The Stated Maturity Date for any Note will be the date so
specified in the Supplement, which shall be no later than 397 days from the date of issuance.
On its Stated Maturity Date, or any date prior to the Stated Maturity Date on which the
particular Note becomes due and payable by the declaration of acceleration, each such date
being referred to as a Maturity Date, the principal amount of each Note, together with accrued
and unpaid interest thereon, will be immediately due and payable.

	4.	 	Events of Default. The occurrence of any of the following shall constitute an
“Event of Default” with respect to a Note: (i) default in any payment of principal of or
interest on such Note (including on a redemption thereof); (ii) the Issuer makes any
compromise arrangement with its creditors generally including the entering into any form of
moratorium with its creditors generally; (iii) a court having jurisdiction shall enter a
decree or order for relief in respect of the Issuer in an involuntary case under any
applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or there
shall be appointed a receiver, administrator, liquidator, custodian, trustee or sequestrator
(or similar officer) with respect to the whole or substantially the whole of the assets of the
Issuer and any such decree, order or appointment is not removed, discharged or withdrawn
within 60 days thereafter; or (iv) the Issuer shall commence a voluntary case under any
applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or consent
to the entry of an order for relief in an involuntary case under any such law, or consent to
the appointment of or taking possession by a receiver, administrator, liquidator, assignee,
custodian, trustee or sequestrator (or similar official), with respect to the whole or
substantially the whole of the assets of the Issuer or make any general assignment for the
benefit of creditors. Upon the occurrence of an Event of Default, the principal of each
obligation evidenced by such Note (together with interest accrued and unpaid thereon) shall
become, without any notice or demand, immediately due and payable.

	5.	 	Obligation Absolute. No provision of the Issuing and Paying Agency Agreement
under which the Notes are issued shall alter or impair the obligation of the Issuer, which is
absolute and unconditional, to pay the principal of and interest on each Note at the times,
place and rate, and in the coin or currency, herein prescribed.

	6.	 	Supplement. Any term contained in the Supplement shall supercede any conflicting
term contained herein.

7

Exhibit D

Further Settlement Provisions

In the case of any agreement by the Dealer to purchase a Note hereunder (other than as agent) which
provides for a settlement date that is three New York Business Days or more after the date of such
agreement, the obligation of the Dealer to purchase the Note under such agreement shall be subject
to the following conditions:

	 	(a)	 	the representations and warranties given by the Issuer set forth above in Section 1.7
and Section 2 shall be true and correct on and as of the settlement date as if made on and
as of such date, and the Issuer shall have performed all of its obligations hereunder to
be performed as of such date,

	 	(b)	 	since the date of the most recent Private Placement Memorandum, there shall have been
no material adverse change in the condition (financial or otherwise), operations or
business prospects of the Issuer (whether occurring before or after such agreement was
entered into) which was not disclosed to the Dealer in writing prior to the time such
agreement was entered into,

	 	(c)	 	the Issuer shall not be in default of any of its obligations hereunder, under the Notes
or under the Issuing and Paying Agency Agreement,

	 	(d)	 	on or after the date of such agreement there shall not have occurred any of the
following: (i) a suspension or material limitation in trading in securities generally on
the New York Stock Exchange; (ii) a suspension or material limitation in trading in the
securities on the New York Stock Exchange; (iii) a general moratorium on commercial banking
activities declared by either Federal or New York State authorities or a material
disruption in commercial banking or securities settlement or clearance services in the
United States; (iv) the outbreak or escalation of hostilities involving the United States
or the declaration by the United States of a national emergency or war or (v) the
occurrence of any other calamity or crisis or any change in financial, political or
economic conditions in the United States or elsewhere, if the effect of any such event
specified in clause (iv) or (v) in the judgment of the Dealer makes it impracticable or
inadvisable to proceed with the offering or the delivery of the Note on the terms and in
the manner contemplated in the Private Placement Memorandum, and

	 	(e)	 	on or after the date of such agreement, (i) no downgrading shall have occurred in the
rating accorded the Issuer’s debt securities by any nationally recognized statistical
rating organization and (ii) no such organization shall have publicly announced that it has
under surveillance or review, with possible negative implications, its rating of any of the
Issuer’s debt securities.

“New York Business Day” shall mean each Monday, Tuesday, Wednesday, Thursday and Friday which is
not a day on which banking institutions in New York are generally authorized or obligated by law or
executive order to close.

8ex10_1.htm

    
      
        
          
             

          

          
             

            
            

          

          
            Exhibit
10.1  

            
              EXECUTION
VERSION

            

          

        

        Fourth
Amendment

         

        to

         

        Third
Amended and Restated Credit Agreement

         

        Among

         

        Linn
Energy, LLC

        as
Borrower,

         

        BNP
Paribas,

        as
Administrative Agent,

         

        and

         

        The
Lenders Signatory Hereto

         

        Effective
as of August 20, 2008

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        Fourth
Amendment to Third Amended and Restated Credit Agreement

         

        This
Fourth
Amendment to Third Amended and Restated Credit Agreement (this “Fourth Amendment”)
executed effective as of August 20, 2008 (the “Fourth Amendment Effective
Date”) is among Linn
Energy, LLC, a limited liability company formed under the laws of the
State of Delaware (the “Borrower”); each of
the undersigned guarantors (the “Guarantors”, and
together with the Borrower, the “Obligors”); each of
the Lenders that is a signatory hereto; and BNP
Paribas, as administrative agent for the Lenders (in such capacity,
together with its successors, the “Administrative
Agent”).

         

        Recitals

         

        A.           The
Borrower, the Administrative Agent and the Lenders are parties to that certain
Third Amended and Restated Credit Agreement dated as of August 31, 2007 (as
amended by that certain First Amendment to Third Amended and Restated Credit
Agreement dated as of November 2, 2007, that certain Second Amendment to Third
Amended and Restated Credit Agreement dated as of January 31, 2008 and by that
certain Third Amendment to Third Amended and Restated Credit Agreement dated as
of June 16, 2008, the “Credit Agreement”),
pursuant to which the Lenders have made certain credit available to and on
behalf of the Borrower.

         

        B.           The
Borrower has requested and the Administrative Agent and the Lenders have agreed
to waive and/or amend certain provisions of the Credit Agreement.

         

        C.           NOW,
THEREFORE, in consideration of the premises and the mutual covenants herein
contained, for good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto agree as follows:

         

        Section
1. Defined
Terms.  Each capitalized term which is defined in the Credit
Agreement, but which is not defined in this Fourth Amendment, shall have the
meaning ascribed such term in the Credit Agreement.  Unless otherwise
indicated, all section references in this Fourth Amendment refer to the Credit
Agreement.

         

        Section
2. Amendments to Credit
Agreement.

         

        2.1 Definitions.  Section
1.02 is hereby amended by adding or amending and restating the following
definitions:

         

        “ ‘Agreement’ means this
Third Amended and Restated Credit Agreement, as amended by that certain First
Amendment to Third Amended and Restated Credit Agreement, dated as of November
2, 2007, by that certain Second Amendment to Third Amended and Restated Credit
Agreement dated as of January 31, 2008, by that certain Third Amendment to Third
Amended and Restated Credit Agreement dated as of June 16, 2008, by that certain
Fourth Amendment to Third Amended and Restated Credit Agreement dated as of
August 20, 2008, and as the same may from time to time be further amended,
modified, supplemented or restated.”

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        2.2 Section
9.04(a).  Section 9.04(a) is hereby amended and restated in its
entirety to read as follows:

         

        “(a)           Restricted
Payments.  The Borrower will not, and will not permit any of
its Subsidiaries to, declare or make, or agree to pay or make, directly or
indirectly, any Restricted Payment, return any capital to its stockholders or
make any distribution of their Property to their respective Equity Interest
holders, except (i)  the Borrower may declare and pay dividends or
distributions with respect to its Equity Interests payable solely in additional
shares of its Equity Interests (other than Disqualified Capital Stock), (ii)
Subsidiaries may declare and pay dividends or distributions ratably with respect
to their Equity Interests, (iii) so long as (A) no Borrowing Base Deficiency,
Default or Event of Default has occurred and is continuing or would result
therefrom and (B) the total Revolving Credit Exposure is less than the
Conforming Borrowing Base, the Borrower may declare and pay quarterly cash
dividends to its members out of Available Cash for the preceding quarter
(including amounts borrowed as contemplated under clause (a)(ii) of the
definition of Available Cash subsequent to the end of such quarter) and (iv) so
long as (A) no Borrowing Base Deficiency, Default or Event of Default has
occurred and is continuing or would result therefrom and (B) after giving effect
thereto, there exists as least $400,000,000 of unused Borrowing Base
availability, the Borrower may repurchase or retire Equity Interests of the
Borrower in an aggregate amount not to exceed $100,000,000 since the First
Amendment Effective Date.”

         

        Section
3. Conditions
Precedent.  The effectiveness of this Fourth Amendment is
subject to the receipt by the Administrative Agent of the following documents
and satisfaction of the other conditions provided in this Section 3, each of
which shall be reasonably satisfactory to the Administrative Agent in form and
substance:

         

        3.1 Payment
by the Borrower to the Administrative Agent of all fees and other amounts due
and payable on or prior to the Fourth Amendment Effective Date, including, to
the extent invoiced, reimbursement or payment of all out-of-pocket expenses
required to be reimbursed or paid by the Borrower.

         

        3.2 The
Administrative Agent shall have received multiple counterparts of this Fourth
Amendment from the Majority Lenders.

         

        3.3 The
Administrative Agent shall have received such other documents as the
Administrative Agent or special counsel to the Administrative Agent may
reasonably request.

         

        3.4 No
Default or Event of Default shall have occurred and be continuing as of the
Fourth Amendment Effective Date.

         

        Section
4. Representations and
Warranties; Etc.  Each Obligor hereby affirms:  (a)
that as of the date of execution and delivery of this Fourth Amendment, all of
the representations and warranties contained in each Loan Document to which such
Obligor is a party are true and correct in all material respects as though made
on and as of the Fourth Amendment EffectiveDate
(unless made as of a specific earlier date, in which case, was true as of such
date); and (b) that after giving effect to this Fourth Amendment and to the
transactions contemplated hereby, no Defaults exist under the Loan Documents or
will exist under the Loan Documents.

         

        Section
5. Miscellaneous.

         

        5.1 Confirmation.  The
provisions of the Credit Agreement (as amended by this Fourth Amendment) shall
remain in full force and effect in accordance with its terms following the
effectiveness of this Fourth Amendment.

         

        5.2 Ratification and Affirmation
of Obligors.  Each of the Obligors hereby expressly (i)
acknowledges the terms of this Fourth Amendment, (ii) ratifies and affirms its
obligations under the Guarantee Agreement and the other Security Instruments to
which it is a party, (iii) acknowledges, renews and extends its continued
liability under the Guarantee Agreement and the other Security Instruments to
which it is a party and agrees that its guarantee under the Guarantee Agreement
and the other Security Instruments to which it is a party remains in full force
and effect with respect to the Indebtedness as amended hereby.

         

        5.3 Counterparts.  This
Fourth Amendment may be executed by one or more of the parties hereto in any
number of separate counterparts, and all of such counterparts taken together
shall be deemed to constitute one and the same instrument.

         

        5.4 No
Oral Agreement.  This
written Fourth Amendment, the Credit Agreement and the other Loan Documents
executed in connection herewith and therewith represent the final agreement
between the parties and may not be contradicted by evidence of prior,
contemporaneous, or unwritten oral agreements of the parties.  There
are no subsequent oral agreements between the parties.

         

        5.5 Governing
Law.  This
Fourth Amendment (including, but not limited to, the validity and enforceability
hereof) shall be governed by, and construed in accordance with, the laws of the
State of Texas.

         

        

         

        

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        IN
WITNESS WHEREOF, the parties hereto have caused this Fourth Amendment to be duly
executed effective as of the date first written above.

         

        BORROWER:                                                      LINN
ENERGY, LLC

        

        

        

        By:           /s/ KOLJA
ROCKOV                                                                

        Kolja
Rockov,

        Executive
Vice President and Chief Financial Officer

        

        

        GUARANTORS:                                                                           LINN
ENERGY HOLDINGS, LLC

        LINN
OPERATING, INC.

        PENN
WEST PIPELINE, LLC

        MID
ATLANTIC WELL SERVICE, INC.

        MID-CONTINENT
HOLDINGS I, LLC

        MID-CONTINENT
HOLDINGS II, LLC

        MID-CONTINENT
I, LLC

        MID-CONTINENT
II, LLC

        LINN
GAS MARKETING, LLC

        LINN
EXPLORATION MIDCONTINENT, LLC

        

        

        

        By:           /s/ KOLJA
ROCKOV

        Kolja
Rockov,

        Executive
Vice President and Chief Financial Officer

        

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        BNP PARIBAS, as Administrative
Agent and a Lender

        

        

        By:           /s/ DOUGLAS R.
LIFTMAN

        Name:                      Douglas
R. Liftman

        Title:                      Managing
Director

        

        

        By:           /s/ BETSY
JOCHER                                                      

        Name:                      Betsy
Jocher

        Title:                      Director

        

        

        

        ROYAL BANK OF CANADA, as
Syndication Agent and a Lender

        

        

        By:           /s/ DON J.
MCKINNERNEY                                                                

        Name:                      Don
J. McKinnerney

        Title:                      Authorized
Signatory

        

        

        

        SOCIETE GENERALE, as a
Co-Documentation Agent and a Lender

        

        

        By:           /s/ STEPHEN
WARFEL                                                                

        Name:                      Stephen
Warfel

        Title:                      Managing
Director

        

        

        

        COMERICA BANK, as a
Lender

        

        

        By:           /s/ MATTHEW
TURNER                                                                

        Name:                      Matthew
Turner

        Title:                      Corporate
Banking Officer

        

        

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        FORTIS CAPITAL CORP., as a
Lender

        

        

        

        By:                                                                

        Name:

        Title:

        

        

        By:                                                                

        Name:

        Title:

        

        

        

        CITIBANK, NA, as a
Co-Documentation Agent and a Lender

        

        

        By:                                                                

        Name:

        Title:

        

        

        

        KEYBANK NATIONAL ASSOCIATION,
as a Lender

        

        

        By:                                                                

        Name:

        Title:

        

        

        

        WACHOVIA BANK, N.A., as a
Lender

        

        

        By:           /s/ LEANNE S.
PHILLIPS

        Name:                      Leanne
S. Phillips

        Title:                      Director

        

        

        

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        BMO CAPITAL MARKETS FINANCING,
INC., as a Co-Documentation Agent and a Lender

        

        

        By:           /s/ JAMES V.
DUCOTE                                                      

        Name:                      James
V. Ducote

        Title:                      Director

        

        

        

        CREDIT SUISSE, CAYMAN ISLANDS BRANCH, as a
Lender

        

        

        By:           /s/ IAN
NALITT                                                                

        Name:                      Ian
Nalitt

        Title:                      Director

        

        By:           /s/ MORENIKEJI
AJAYI                                                      

        Name:                      Morenikeji
Ajayi

        Title:                      Associate

        

        

        COMPASS BANK, as a
Lender

        

        

        By:                                                                

        Name:

        Title:

        

        

        

        DnB NOR BANK ASA, as a
Lender

        

        

        By:                                                                

        Name:

        Title:

        

        

        By:                                                                

        Name:

        Title:

        

        

        

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        DZ BANK AG, DEUTSCHE
ZENTRAL-GENOSSENSCHAFTSBANK, FRANKFURT AM MAIN, NEW YORK BRANCH, as a
Lender

        

        

        By:                                                                

        Name:

        Title:

        

        

        By:                                                                

        Name:

        Title:

        

        

        

        GUARANTY BANK, FSB, as a
Lender

        

        

        By:           /s/ W. DAVID MCCARVER
IV

        Name:                      W.
David McCarver IV

        Title:                      Vice
President

        

        

        

        LEHMAN BROTHERS COMMERCIAL
BANK, as a Lender

        

        

        By:           /s/ DARREN S.
LANE                                                      

        Name:                      Darren
S. Lane

        Title:                      Operations
Officer

        

        

        

        JPMORGAN CHASE BANK, N.A., as
a Lender

        

        

        By:           /s/ MICHAEL A.
KAMAUF                                                                

        Name:                      Michael
A. Kamauf

        Title:                      Vice
President

        

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        THE ROYAL BANK OF SCOTLAND
plc, as a Lender

        

        

        By:           /s/ LUCY
WALKER                                                                

        Name:                      Lucy
Walker

        Title:                      Vice
President

        

        

        

        RZB FINANCE LLC, as a
Lender

        

        

        By:                                                                

        Name:

        Title:

        

        

        By:                                                                

        Name:

        Title:

        

        

        

        UNION BANK OF CALIFORNIA,
N.A., as a Lender

        

        

        By:           /s/ SCOTT
GILDEA                                                      

        Name:                      Scott
Gildea

        Title:                      Vice
President

        

        

        

        U.S. BANK NATIONAL
ASSOCIATION, as a Lender

        

        

        By:           /s/ JUSTIN M.
ALEXANDER                                                                

        Name:                      Justin
M. Alexander

        Title:                      Vice
President

        

        

        

        

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        CALYON NEW YORK BRANCH, as a
Lender

        

        

        By:           /s/ SHARADA
MANNE                                                                

        Name:                      Sharada
Manne

        Title:                      Director

        

        By:           /s/ DAVID
GURGHIGIAN

        Name:                      David
Gurghigian

        Title:                      Managing
Director

        

        

        THE BANK OF NOVA SCOTIA, as a
Lender

        

        

        By:                                                                

        Name:

        Title:

        

        

        

        DEUTSCHE BANK TRUST COMPANY
AMERICAS, as a Lender

        

        

        By:           /s/ DUSAN
LAZAROV                                                                

        Name:                      Dusan
Lazarov

        Title:                      Vice
President

        

        

        By:           /s/ ERIN
MORRISSEY                                                                

        Name:                      Erin
Morrissey

        Title:                      Vice
President

        

        

        

        ALLIED IRISH BANKS P.L.C., as
a Lender

        

        

        By:                                                                

        Name:

        Title:

        

        

        

        

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        WESTLB AG, NEW YORK BRANCH, as
a Lender

        

        

        By:                                                                

        Name:

        Title:

        

        

        

        SUNTRUST BANK, as a
Lender

        

        

        By:           /s/ YARIN
PARIO                                                                

        Name:                      Yarin
Pario

        Title:                      Director

        

        ING CAPITAL LLC, as a
Lender

        

        

        By:           /s/ CHARLES E.
HALL                                                                

        Name:                      Charles
E. Hall

        Title:                      Managing
Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}]]