Document:

EX-4.9

 Exhibit 4.9 

EXECUTION VERSION 

Dated 13 November 2013 

INTERCONTINENTALEXCHANGE, INC. 
  

 
 DEED POLL
GUARANTEE 
  
  

 This DEED is made by way of DEED POLL on 13 November 2013 (this “Guarantee”) 

By INTERCONTINENTALEXCHANGE, INC., a Delaware corporation (“ICE”) in favour of each Beneficiary (as defined below). 

WHEREAS: 
  

	(A)	Pursuant to the terms of an amended and restated agreement and plan of merger dated 19 March 2013 between NYSE Euronext, a Delaware corporation (as succeeded by NYSE Euronext Holdings LLC, a Delaware limited
liability company pursuant to the Merger Transactions described below, the “Issuer”), ICE, IntercontinentalExchange Group, Inc., a Delaware corporation (“New ICE Parent”), Braves Merger Sub, Inc., a Delaware
corporation and wholly owned subsidiary of New ICE Parent, and Baseball Merger Sub, LLC, a Delaware limited liability company and a wholly owned subsidiary of New ICE Parent (as may be further amended, restated and/or supplemented from time to time,
the “Merger Agreement”), ICE has become a wholly owned subsidiary of New ICE Parent, and the Issuer has become a wholly owned subsidiary of New ICE Parent and a sister company of ICE (the “Merger Transactions”).

  

	(B)	ICE is a borrower under the Credit Agreement dated 9 November 2011, as amended by the First Amendment and Waiver to the Credit Agreement dated 27 September 2013, by and among IntercontinentalExchange, Inc. and
ICE Europe Parent Limited, as borrowers, IntercontinentalExchange Group, Inc., as a guarantor, Wells Fargo Bank, National Association, as administrative agent, issuing lender and swingline lender, Bank of America, N.A., as syndication agent, and
each of the lenders signatory thereto, as amended, restated, supplemented, increased, extended, renewed, replaced, refinanced (with the same or other lenders) or otherwise modified from time to time (the “Credit Agreement”), and may
in the future become a guarantor under the Credit Agreement. 

  

	(C)	In connection with the Merger Transactions, ICE has agreed to enter into this Guarantee to guarantee in favour of each Beneficiary (as defined below) the payment obligations of the Issuer in connection with the Notes
and the Coupons (each, as defined below) which are currently outstanding. 

  

	(D)	ICE, by a resolution of its board of directors, is authorised to issue this Guarantee in respect of the Notes and the Coupons, upon the terms and conditions set out herein. 

IT IS DECLARED on and from the date of this Guarantee as follows: 
  

	1.	DEFINITIONS AND INTERPRETATION 

  

	1.1	Definitions 

 Unless otherwise defined herein, capitalised terms used herein have the
meanings set forth in the Conditions (as defined below). In addition: 
 “Agency Agreement” means the agency agreement dated
23 April 2008 between the Issuer, the Fiscal Agent, Dexia Banque Internationale à Luxembourg, société anonyme as Luxembourg paying agent and ABN Amro Bank N.V. as paying agent, as supplemented on 22 April 2009 (as may
be further amended, restated and/or supplemented from time to time); 
 “Beneficiary” means each Noteholder and each
Couponholder; 
 “Business Day” means a day on which the banks are open for business in London and New York City; 

“Conditions” means the terms and conditions of the Notes set forth in Part 2 of Schedule 2 of the Agency Agreement; 

“Coupons” means the interest coupons attached to the bearer form Notes; 

  
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 “Couponholders” means each of the holders of the Coupons, and a
“Couponholder” means any one of them; 
 “Effective Date” means the date of completion of the Merger
Transactions; 
 “Extraordinary Resolution” means (a) a resolution passed at a meeting of the Noteholders duly convened
and held in accordance with the provisions of Schedule 3 of the Agency Agreement (Provisions for Meetings of Noteholders) by a majority consisting of not less than 75 per cent. of the persons voting on the resolution upon a show of hands
or, if a poll was duly demanded, by a majority consisting of not less than 75 per cent. of the votes given on the poll or (b) a resolution in writing signed by or on behalf of all the Noteholders, which resolution in writing may be
contained in one document or in several documents in similar form each signed by or on behalf of one or more of the Noteholders; 

“Fiscal Agent” means Citibank N.A., London branch; 

“Noteholders” means each of the holders of the Notes as determined in accordance with the Conditions, and a
“Noteholder” means any one of them; 
 “Notes” means the Issuer’s EUR1,000,000,000 5.375% Notes due
2015, issued subject to and with the benefit of the Agency Agreement, for the time being outstanding; 
 “Relevant Date”
means the date on which the payment in respect of the Note or Coupon first becomes due under the Conditions but, if the full amount of the money payable has not been received by the Fiscal Agent on or before the due date, it means the date on which,
the full amount of the money having been so received, notice to that effect has been duly given to the Noteholders by the Issuer in accordance with Condition 11 (Notices); 

“Relevant Jurisdiction” means the United States of America or any political subdivision or any authority thereof or therein
having power to tax; and 
 “Transaction Documents” means each of the Agency Agreement and the Notes (and Coupons). 

 

	1.2	Principles of interpretation 

 In this Guarantee references to: 

 

	 	(a)	an “obligation” or a “guarantee” includes an obligation expressed to be assumed or, as the case may be, a guarantee expressed to be given and any reference to a
“guarantee” includes an indemnity or other assurance against loss. “Obliged”, “guaranteed”, “owed”, “incurred”, “due”, “unpaid” or
similar words shall be similarly construed; 

  

	 	(b)	a person includes any individual, company, unincorporated association, government, state agency, international organisation or other entity; 

 

	 	(c)	a provision of law is a reference to that provision as extended, amended or re-enacted; 

  

	 	(d)	a clause is a reference to a clause of this Guarantee; 

  

	 	(e)	a person includes its successors and assigns; 

  

	 	(f)	a document is a reference to that document as amended from time to time; 

  

	 	(g)	a time of day is a reference to a Brussels time; 

  

	 	(h)	the headings in this Guarantee do not affect its interpretation; 

  
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	 	(i)	all references in this Guarantee to costs or charges or expenses shall include any value added tax or similar tax chargeable in respect thereof; and 

 

	 	(j)	all references in this Guarantee to Notes shall, unless the context otherwise requires, include any Global Note representing the Notes. 

 

	2.	EFFECT OF THIS DEED POLL 

  

	2.1	This Guarantee shall take effect as a deed poll for the benefit of each Noteholder and each Couponholder individually in its capacity as Beneficiary hereunder. 

 

	2.2	This Guarantee shall become effective immediately on the Effective Date. 

  

	2.3	This Guarantee may be released in accordance with its terms. Once so released, it shall not be required to be reinstated for any reason, except to the extent expressly provided otherwise herein. 

 

	3.	GUARANTEES 

  

	3.1	Guarantee 

 ICE unconditionally and irrevocably, as a continuing obligation, guarantees,
for as long as the Issuer remains a Subsidiary of New ICE Parent that is consolidated in New ICE Parent’s financial statements and an obligor on the Notes, to each Beneficiary the payment of any sums expressed to be payable by the Issuer to the
Noteholders or, as the case may be, the Couponholders under the Conditions, as and when the same become due and payable, whether at maturity, upon early redemption, upon acceleration or otherwise. 

The obligations of ICE under this Guarantee are direct, unconditional and unsecured obligations of ICE and (subject as aforesaid and save for
certain obligations required to be preferred by law) rank and will rank pari passu with all other outstanding unsecured and unsubordinated obligations of ICE, present and future from time to time outstanding, but, in the event of insolvency,
only to the extent permitted by applicable laws relating to creditors’ rights. 
 Each payment by ICE shall be in satisfaction of the
relevant covenant to pay by the Issuer pursuant to the Conditions (except to the extent that there is a default in a subsequent payment). 
  

	3.2	Indemnity 

 ICE agrees, as an independent primary obligation, that it shall pay to
the Beneficiaries on demand sums sufficient to indemnify the Beneficiaries against any loss sustained by such Beneficiaries by reason of the non-payment as and when the same shall become due and payable of any sum expressed to be payable by the
Issuer to the Noteholders or, as the case may be, the Couponholders under the Conditions. 
  

	3.3	Payment without Withholding 

 All payments in respect of the Notes or, as the case may
be, Coupons by or on behalf of ICE shall be made without withholding or deduction for, or on account of, any present or future taxes, duties, assessments or governmental charges of whatever nature (“Taxes”) imposed or levied by or
on behalf of the Relevant Jurisdiction, unless the withholding or deduction of the Taxes is required by law; in that event, ICE will pay such additional amounts as may be necessary in order that the net amounts received by the relevant Beneficiary
after the withholding or deduction shall equal the respective amounts which would have been receivable in respect of the Notes or, as the case may be, Coupons in the absence of the withholding or deduction, except that no additional amounts shall be
payable in relation to any payment in respect of any Note or Coupon: 
  

	 	(a)	presented for payment by or on behalf of a holder who is liable to the Taxes in respect of the Note or Coupon by reason of his having some connection with the Relevant Jurisdiction other than the mere holding of the
Note or Coupon; or 

  
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	 	(b)	where such withholding or deduction is imposed on a payment to an individual and is required to be made pursuant to European Council Directive 2003/48/EC or any law implementing or complying with, or introduced in order
to conform to, such Directive; or 

  

	 	(c)	presented for payment by or on behalf of a holder who would have been able to avoid such withholding or deduction by presenting the relevant Note or Coupon to another Paying Agent in a Member State of the European
Union; or 

  

	 	(d)	presented for payment more than 30 days after the Relevant Date except to the extent that a holder would have been entitled to additional amounts on presenting the same for payment on the last day of the period of 30
days assuming that day to have been a Presentation Date (as defined in the Conditions); or 

  

	 	(e)	with respect to any estate, inheritance, gift, sales, personal property, transfer or similar tax, duty, assessment or governmental charge; or 

 

	 	(f)	where such withholding or deduction is imposed by reason of a holder’s status as (i) a personal holding company for U.S. federal income tax purposes, (ii) a corporation with accumulated earnings to avoid
U.S. federal income tax, (iii) a controlled foreign corporation or passive foreign investment company for U.S. federal income tax purposes, (iv) the owner, actually or by attribution, of 10 per cent. or more of the total combined
voting power of all classes of stock of the Issuer, ICE or New ICE Parent entitled to vote, (v) a private foundation or foreign tax-exempt organization or (vi) a bank receiving interest that is not eligible for the portfolio interest
exemption, as such term is used for U.S. federal income tax purposes; or 

  

	 	(g)	where such withholding or deduction is payable because of a failure of the holder to comply with reporting requirements concerning nationality, residence or identity of a holder or beneficial owner if required by U.S.
statute or regulation to avoid such withholding or deduction; or 

  

	 	(h)	where such withholding or deduction is due on a payment to someone other than the beneficial owner of the Notes if the beneficial owner would not have been entitled thereto under the above exceptions had it been the
holder of the note or coupon. 

 If ICE is, in respect of any payment in respect of the Notes or, as the case may be, Coupons,
compelled to withhold or deduct any amount for or on account of any Taxes as contemplated by this Clause 3.3 (Payment without Withholding), ICE shall give notice to the Fiscal Agent as soon as it becomes aware of the requirement to make the
withholding or deduction and shall give to the Fiscal Agent such information as the Fiscal Agent shall require to enable it to comply with the requirement. 
  

	3.4	Unconditional obligation 

 ICE agrees that its obligations hereunder shall be
unconditional, and that it shall be fully liable irrespective of the validity, regularity, legality or enforceability of this Guarantee, the Transaction Documents or the Conditions, or any change in or amendment hereto or thereto, the absence of any
action to enforce the same, any waiver, authorisation or consent by the Beneficiaries with respect to any provision of this Guarantee, the Transaction Documents or the Conditions, the obtaining of any judgment against the Issuer or any action to
enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defence of a guarantor. 

  
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	3.5	ICE’s obligations continuing 

 ICE’s obligations under this Guarantee are and
will remain in full force and effect by way of continuing security until no sum remains payable under the Conditions or this Guarantee expires in accordance with Clause 3.1 hereof. Furthermore, these obligations of ICE are additional to, and not
instead of, any security or other guarantee or indemnity at any time existing in favour of any person, whether from ICE or otherwise; and may be enforced without first having recourse to the Issuer, any other person, any security or any other
guarantee or indemnity. 
  

	3.6	Subrogation of ICE’s rights 

 ICE shall be subrogated to all rights of the
Beneficiaries against the Issuer in respect of any amounts paid by ICE pursuant hereto; provided that ICE shall not without the consent of the relevant Beneficiary be entitled to enforce, or to receive any payments arising out of or based upon or
prove in any insolvency or winding up of the Issuer in respect of, such right of subrogation until such time as the principal of and interest on all outstanding Notes or, as the case may be, Coupons and all other amounts due under this Guarantee and
the Transaction Documents have been paid in full. Furthermore, until such time as aforesaid, ICE shall not take any security or counter indemnity from the Issuer in respect of ICE’s obligations under this Clause 3 (Guarantees). 

 

	3.7	Repayment to the Issuer 

 If any payment received by the Beneficiaries pursuant to the
provisions of this Guarantee or the Transaction Documents shall, on the subsequent bankruptcy, insolvency, corporate reorganisation or other similar event affecting the Issuer, be avoided, reduced, invalidated or set aside under any laws relating to
bankruptcy, insolvency, corporate reorganisation or other similar events, such payment shall not be considered as discharging or diminishing the liability of ICE whether as guarantor, principal debtor or indemnifier and the guarantee and indemnity
contained in this Clause 3 (Guarantees) shall continue to apply as if such payment had at all times remained owing by the Issuer and ICE shall indemnify and keep indemnified each Beneficiary on the terms of the guarantee and indemnity
contained in this Clause 3 (Guarantees). 
  

	3.8	Amendments and Release 

 This Guarantee: 

 

	 	(a)	may be amended by ICE at its sole discretion, without the consent of any Noteholder or Couponholder, either: 

  

	 	(i)	for the purpose of curing any ambiguity or of curing, correcting or supplementing any manifest or proven error or any other defective provision contained in this Guarantee; or 

 

	 	(ii)	in any other manner which shall not be inconsistent with the Conditions and shall not, in the sole opinion of ICE, be materially prejudicial to the interests of the Noteholders or Couponholders; or 

 

	 	(b)	may be amended in any manner whatsoever and/or this Guarantee or any of its provisions may be terminated and/or released in each case by ICE in its sole discretion provided that any such amendment, termination
and/or release is first approved by an Extraordinary Resolution passed in a meeting of Noteholders duly convened and otherwise held in accordance with the requirements of Schedule 3 of the Agency Agreement (Provisions for Meetings of
Noteholders). 

  

	3.9	Automatic Release 

 Notwithstanding anything else herein, ICE shall be released from its
obligations under this Guarantee and this Guarantee shall terminate, without any need for further action by the Fiscal Agent or any Noteholder or Couponholder, if and when ICE is no longer (or substantially simultaneously with such release will no
longer be) an obligor (either borrower or guarantor) under the Credit Agreement. 

  
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	4.	NOTICES 

  

	4.1	Addresses for notices 

 Any notice required to be given under this Guarantee to ICE shall
be in English and shall be sent by pre-paid post (first class if inland, first class airmail if overseas) to its principal office at 2100 RiverEdge Parkway, Suite 500, Atlanta, GA 30328, United States. 

 

	4.2	Effectiveness 

 Any such notice shall take effect when delivered by post, three days, in
the case of inland post, or seven days, in the case of overseas post, after despatch. 
  

	5.	LAW AND JURISDICTION 

  

	5.1	Governing law 

 The provisions of this Guarantee and any non-contractual obligations
arising out of or in connection with this Guarantee are governed by, and shall be construed in accordance with, English law. 
  

	5.2	English courts 

 ICE irrevocably agrees for the benefit of the Beneficiaries that the
courts of England are to have exclusive jurisdiction to settle any dispute which may arise out of or in connection with this Guarantee (including a dispute relating to any non-contractual obligations arising out of or in connection with this
Guarantee) and accordingly submit to the exclusive jurisdiction of the English courts. ICE waives any objection to the courts of England on the ground that they are an inconvenient or inappropriate forum. 

 

	6.	MISCELLANEOUS 

  

	6.1	Process agent 

 ICE irrevocably and unconditionally appoints ICE Europe Parent Limited
(to the attention of the Company Secretary) at its registered office for the time being as its agent for service of process in respect of any Proceedings (as defined in the Conditions) and undertakes that in the event of it ceasing so to act it will
appoint such other person with a registered office in London as its agent for that purpose. 
  

	6.2	Severability 

 In case any provision in or obligation under this Guarantee shall be
invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired
thereby. 
  

	6.3	Contracts (Rights Of Third Parties) Act 1999 

 No person shall have any right to enforce
any provision of this Deed under the Contracts (Rights of Third Parties) Act 1999. 
 IN WITNESS WHEREOF this Guarantee has been executed as a deed
by the parties hereto and is intended to be and is hereby delivered on the date first before written. 
 [The remainder of this page is
intentionally left blank] 

  
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 EXECUTED as a deed on the date first above written and delivered on the Effective Date. 

 

					
	SIGNED AS A DEED by	 	)	 	
	INTERCONTINENTALEXCHANGE, INC.	 	)	 	  

	a Delaware corporation, by	 	)	 	Duly Authorised
		 	)	 	
			
	 /s/ SCOTT A. HILL
	 		 	
	being a person who, under the law of Delaware, is acting under the authority of that company	 		 	

  
 8EX-4.10

 Exhibit 4.10 

EXECUTION VERSION 
 GUARANTY
AGREEMENT 
 THIS GUARANTY AGREEMENT, dated as of the 13th day of November, 2013 (this “Guaranty”), is made by
IntercontinentalExchange Group, Inc., a Delaware corporation (the “Guarantor”), in favor of the Guaranteed Parties (as hereinafter defined). Capitalized terms used herein without definition shall have the meanings given to them in
the Credit Agreement referred to below. 
 RECITALS 

A. IntercontinentalExchange, Inc., a Delaware corporation (the “Parent Borrower”), ICE Europe Parent Limited, a limited
company incorporated under the laws of England and Wales (the “Subsidiary Borrower”, and together with the Parent Borrower, the “Borrowers”), the Guarantor, the several lenders from time to time party thereto (the
“Lenders”), and Wells Fargo Bank, National Association, as administrative agent for the Lenders (in such capacity, the “Administrative Agent”), are party to the Credit Agreement, dated as of November 9, 2011
(as amended by the First Amendment and Waiver to Credit Agreement, dated as of September 27, 2013, and as further amended, supplemented, restated or otherwise modified from time to time, the “Credit Agreement”), providing for
the availability of certain credit facilities to the Borrowers upon the terms and conditions set forth therein. 
 B. The Guarantor has
agreed to guarantee to the Guaranteed Parties the payment in full of the Guaranteed Obligations (as hereinafter defined). The Borrowers are either directly or indirectly wholly-owned by the Guarantor and the Guarantor will therefore obtain benefits
as a result of the extension of credit to the Borrowers under the Credit Agreement, which benefits are hereby acknowledged, and, accordingly, desires to execute and deliver this Guaranty. 

STATEMENT OF AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, to induce the Lenders to extend credit to the Borrowers under the Credit Agreement, the Guarantor hereby agrees as follows: 

1.1 Guaranty. 
 (i) The
Guarantor hereby irrevocably, absolutely and unconditionally, and jointly and severally: 
 (A) guarantees (a) to the
Lenders and the Administrative Agent (together with any Lender (or any Affiliate of any Lender) in the capacity described in clause (b) below, collectively, the “Guaranteed Parties”) the full and prompt payment, at any time and
from time to time as and when due (whether at the stated maturity, by acceleration or otherwise), of all Obligations of the Borrowers under the Credit Agreement and the other Credit Documents, including, without limitation, all principal of and
interest on the Loans, all fees, expenses, indemnities and other amounts payable by the Borrowers under the Credit Agreement or any other Credit Document (including interest accruing after the 

 
filing of a petition or commencement of a case by or with respect to any Borrower seeking relief under any Insolvency Laws (as hereinafter defined), whether or not the claim for such interest is
allowed in such proceeding), and all Obligations that, but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, would become due, and (b) to each applicable Lender or Affiliate of any Lender in its capacity
as a Hedge Party under any Hedge Agreement that is required or permitted by the Credit Agreement to be entered into by any of the Guarantor’s Subsidiaries (a “Permitted Hedge Agreement”), all obligations of such Subsidiary
under such Permitted Hedge Agreement, in each case under (a) and (b), whether now existing or hereafter created or arising and whether direct or indirect, absolute or contingent, due or to become due (all liabilities and obligations described
in this clause (i), collectively, the “Guaranteed Obligations”). 
 (ii) Notwithstanding the provisions of
subsection (i) above and notwithstanding any other provisions contained herein or in any other Credit Document: 
 (A)
no provision of this Guaranty shall require or permit the collection from the Guarantor of interest in excess of the maximum rate or amount that the Guarantor may be required or permitted to pay pursuant to applicable law; and 

(B) the liability of the Guarantor under this Guaranty as of any date shall be limited to a maximum aggregate amount (the
“Maximum Guaranteed Amount”) equal to the greatest amount that would not render the Guarantor’s obligations under this Guaranty subject to avoidance, discharge or reduction as of such date as a fraudulent transfer or conveyance
under applicable federal and state laws pertaining to bankruptcy, reorganization, arrangement, moratorium, readjustment of debts, dissolution, liquidation or other debtor relief, specifically including, without limitation, the Bankruptcy Code and
any fraudulent transfer and fraudulent conveyance laws (collectively, “Insolvency Laws”), in each instance after giving effect to all other liabilities of the Guarantor, contingent or otherwise, that are relevant under applicable
Insolvency Laws (specifically excluding, however, any liabilities of the Guarantor in respect of intercompany indebtedness to any of its Affiliates to the extent that such indebtedness would be discharged in an amount equal to the amount paid by the
Guarantor hereunder, and after giving effect as assets to the value (as determined under applicable Insolvency Laws) of any rights to subrogation, contribution, reimbursement, indemnity or similar rights of the Guarantor pursuant to
(y) applicable law or (z) any agreement (including this Guaranty) providing for an equitable allocation among the Guarantor and its Affiliates of obligations arising under guaranties by such parties). 

(iii) The guaranty of the Guarantor set forth in this Section is a guaranty of payment as a primary obligor, and not a guaranty of collection.
The Guarantor hereby acknowledges and agrees that the Guaranteed Obligations, at any time and from time to time, may exceed the Maximum Guaranteed Amount, in each case without discharging, limiting or otherwise affecting the obligations of the
Guarantor hereunder or the rights, powers and remedies of any Guaranteed Party hereunder or under any other Credit Document. 
 1.2
Guaranty Absolute. The Guarantor agrees that its obligations hereunder are irrevocable, absolute and unconditional, are independent of the Guaranteed Obligations and any 

  
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security therefor or other guaranty or liability in respect thereof, whether given by the Guarantor or any other Person, and shall not be discharged, limited or otherwise affected by reason of
any of the following, whether or not the Guarantor has notice or knowledge thereof: 
 (A) any change in the time, manner or
place of payment of, or in any other term of, any Guaranteed Obligations or any guaranty, security or other liability in respect thereof, or any amendment, modification or supplement to, restatement of, or consent to any rescission or waiver of or
departure from, any provisions of the Credit Agreement, any other Credit Document or any agreement or instrument delivered pursuant to any of the foregoing; 

(B) the invalidity or unenforceability of any Guaranteed Obligations, any guaranty, security or other liability in respect
thereof or any provisions of the Credit Agreement, any other Credit Document or any agreement or instrument delivered pursuant to any of the foregoing; 

(C) the addition or release of any other guarantor or the taking, acceptance or release of other guarantees of any Guaranteed
Obligations or for any guaranty, security or other liability in respect thereof; 
 (D) any discharge, modification,
settlement, compromise or other action in respect of any Guaranteed Obligations or any guaranty, security or other liability in respect thereof, including any acceptance or refusal of any offer or performance with respect to the same or the
subordination of the same to the payment of any other obligations; 
 (E) any agreement not to pursue or enforce or any
failure to pursue or enforce (whether voluntarily or involuntarily as a result of operation of law, court order or otherwise) any right or remedy in respect of any Guaranteed Obligations, any guaranty, security or other liability in respect thereof;

 (F) the exercise of any right or remedy available under the Credit Documents, at law, in equity or otherwise in respect of
any guaranty, security or other liability for any Guaranteed Obligations, in any order and by any manner thereby permitted; 

(G) any bankruptcy, reorganization, arrangement, liquidation, insolvency, dissolution, termination, reorganization or like
change in the corporate structure or existence of any Borrower or any other Person directly or indirectly liable for any Guaranteed Obligations; 

(H) any manner of application of any payments by or amounts received or collected from any Person, by whomsoever paid and
howsoever realized, whether in reduction of any Guaranteed Obligations or any other obligations of any Borrower or any other Person directly or indirectly liable for any Guaranteed Obligations, regardless of what Guaranteed Obligations may remain
unpaid after any such application; or 

  
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 (I) any other circumstance that might otherwise constitute a legal or equitable
discharge of, or a defense, set-off or counterclaim available to, the Borrowers, any Guarantor or a surety or guarantor generally, other than the occurrence of all of the following: (x) the payment in full in cash of the Guaranteed Obligations
(other than contingent and indemnification obligations not then due and payable), and (y) the termination of the Commitments (the events in clauses (x) and (y) above, collectively, the “Termination Requirements”).

 1.3 Certain Waivers. The Guarantor hereby knowingly, voluntarily and expressly waives: 

(A) presentment, demand for payment, demand for performance, protest and notice of any other kind, including, without
limitation, notice of nonpayment or other nonperformance (including notice of default under any Credit Document with respect to any Guaranteed Obligations), protest, dishonor, acceptance hereof, extension of additional credit to the Borrowers and of
any of the matters referred to in Section 1.2 and of any rights to consent thereto; 
 (B) any right to require
the Guaranteed Parties or any of them, as a condition of payment or performance by the Guarantor hereunder, to proceed against, or to exhaust or have resort to any collateral or other security from or any deposit balance or other credit in favor of,
any Borrower, any other Guarantor or any other Person directly or indirectly liable for any Guaranteed Obligations, or to pursue any other remedy or enforce any other right; and any other defense based on an election of remedies with respect to any
collateral or other security for any Guaranteed Obligations or for any guaranty or other liability in respect thereof, notwithstanding that any such election (including any failure to pursue or enforce any rights or remedies) may impair or
extinguish any right of indemnification, contribution, reimbursement or subrogation or other right or remedy of the Guarantor against the Borrowers, any other Guarantor or any other Person directly or indirectly liable for any Guaranteed Obligations
or any such collateral or other security; 
 (C) any right or defense based on or arising by reason of any right or defense
of any Borrower or any other Person, including, without limitation, any defense based on or arising from a lack of authority or other disability of any Borrower or any other Person, the invalidity or unenforceability of any Guaranteed Obligations or
any Credit Document or other agreement or instrument delivered pursuant thereto, or the cessation of the liability of the Borrowers for any reason other than the satisfaction of the Termination Requirements; 

(D) any defense based on any Guaranteed Party’s acts or omissions in the administration of the Guaranteed Obligations, any
guaranty, security or other liability in respect thereof or any collateral or other security for any of the foregoing, and promptness, diligence, or any requirement that any Guaranteed Party create, protect, perfect, secure, insure, continue or
maintain any Liens in any such security; 

  
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 (E) any right to assert against any Guaranteed Party, as a defense, counterclaim,
crossclaim or set-off, any defense, counterclaim, claim, right of recoupment or set-off that it may at any time have against any Guaranteed Party in respect of the Guaranteed Obligations (including, without limitation, failure of consideration,
fraud, fraudulent inducement, statute of limitations, payment, accord and satisfaction and usury), other than compulsory counterclaims and other than the indefeasible payment in full in cash of the Guaranteed Obligations; and 

(F) any defense based on or afforded by any applicable law that limits the liability of or exonerates guarantors or sureties or
that may in any other way conflict with the terms of this Guaranty. 
 1.4 No Subrogation. The Guarantor hereby agrees that, until
satisfaction of the Termination Requirements, it will not exercise any claim or right that it may have against any Borrower or any other Guarantor at any time as a result of any payment made by the Guarantor under or pursuant to this Guaranty or the
performance or enforcement hereof, including any right of subrogation to the rights of any of the Guaranteed Parties against any Borrower or any other Guarantor, any right of indemnity, contribution or reimbursement against any Borrower or any other
Guarantor, any right to enforce any remedies of any Guaranteed Party against any Borrower or any other Guarantor, or any benefit of, or any right to participate in, any security held by any Guaranteed Party to secure payment of the Guaranteed
Obligations, in each case whether such claims or rights arise by contract, statute (including without limitation any Debtor Relief Law), common law or otherwise. The Guarantor further agrees that if any amount shall be paid to or any distribution
received by the Guarantor on account of any such rights of subrogation, indemnity, contribution or reimbursement at any time prior to the satisfaction of the Termination Requirements, such amount or distribution shall be deemed to have been received
and to be held in trust for the benefit of the Guaranteed Parties, and shall forthwith be delivered to the Administrative Agent in the form received (with any necessary endorsements in the case of written instruments), to be applied against the
Guaranteed Obligations, whether or not matured, in accordance with the terms of the applicable Credit Documents and without in any way discharging, limiting or otherwise affecting the liability of the Guarantor under any other provision of this
Guaranty. Additionally, in the event any Borrower or any other Guarantor becomes a “debtor” within the meaning of the Bankruptcy Code, the Administrative Agent shall be entitled, at its option, on behalf of the Guaranteed Parties and as
attorney-in-fact for the Guarantor, and is hereby authorized and appointed by the Guarantor, to file proofs of claim on behalf of the Guarantor and vote the rights of the Guarantor in any plan of reorganization, and to demand, sue for, collect and
receive every payment and distribution on any indebtedness of any Borrower or any other Guarantor to the Guarantor in any such proceeding, the Guarantor hereby assigning to the Administrative Agent all of its rights in respect of any such claim,
including the right to receive payments and distributions in respect thereof. 
 1.5 Representations and Warranties. The Guarantor
hereby represents and warrants to the Guaranteed Parties that, as to itself, all of the representations and warranties relating to it contained in the Credit Agreement qualified as to materiality are true and correct and those not so qualified are
true and correct in all material respects. 

  
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 1.6 Financial Condition of the Borrowers. The Guarantor represents that it has knowledge
of each Borrower’s financial condition and affairs and that it has adequate means to obtain from each Borrower on an ongoing basis information relating thereto and to each Borrower’s ability to pay and perform the Guaranteed Obligations,
and agrees to assume the responsibility for keeping, and to keep, so informed for so long as this Guaranty is in effect. The Guarantor agrees that the Guaranteed Parties shall have no obligation to investigate the financial condition or affairs of
any Borrower for the benefit of the Guarantor or to advise the Guarantor of any fact respecting, or any change in, the financial condition or affairs of any Borrower that might become known to any Guaranteed Party at any time, whether or not such
Guaranteed Party knows or believes or has reason to know or believe that any such fact or change is unknown to the Guarantor, or might (or does) materially increase the risk of the Guarantor as guarantor, or might (or would) affect the willingness
of the Guarantor to continue as a guarantor of the Guaranteed Obligations. 
 1.7 Payments; Application; Set-Off. 

(i) The Guarantor agrees that, upon the failure of the Borrower to pay any Guaranteed Obligations when and as the same shall become due
(whether at the stated maturity, by acceleration or otherwise), and without limitation of any other right or remedy that any Guaranteed Party may have at law, in equity or otherwise against the Guarantor, the Guarantor will, subject to the
provisions of Section 1.1(ii), forthwith pay or cause to be paid to the Administrative Agent, for the benefit of the Guaranteed Parties, an amount equal to the amount of the Guaranteed Obligations then due and owing as aforesaid.

 (ii) All payments made by the Guarantor hereunder will be made in Dollars to the Administrative Agent, without set-off, counterclaim
or other defense and, in accordance with Section 2.17 of the Credit Agreement, free and clear of and without deduction for any Taxes (except as required by applicable law), the Guarantor hereby agreeing to comply with and be bound by the
provisions of the Credit Agreement in respect of all payments made by it hereunder. The provisions of Section 2.17 of the Credit Agreement shall apply, mutatis mutandis, with respect to any payments made by the Guarantor
hereunder; provided, however, that no Guaranteed Party shall be entitled to receive any amounts pursuant to this Section 1.7(ii) (after deduction or withholding of any applicable Taxes) in excess of the amounts to which
such Guaranteed Party would be entitled to receive pursuant to Section 2.17 of the Credit Agreement (after deduction or withholding of any applicable Taxes). 

(iii) All payments made hereunder shall be applied in accordance with the provisions of Section 2.13(e) of the Credit
Agreement. For purposes of applying amounts in accordance with this Section, the Administrative Agent shall be entitled to rely upon any Guaranteed Party that has entered into a Permitted Hedge Agreement with the Guarantor or any of its Subsidiaries
for a determination (which such Guaranteed Party agrees to provide or cause to be provided upon request of the Administrative Agent) of the outstanding Guaranteed Obligations owed to such Guaranteed Party under any such Permitted Hedge Agreement.
Unless it has actual knowledge (including by way of written notice from any such Guaranteed Party) to the contrary, the Administrative Agent, in acting hereunder, shall be entitled to assume that no Permitted Hedge Agreements or Guaranteed
Obligations in respect thereof are in existence between any Guaranteed Party and the Guarantor or any of its Subsidiaries. If any Lender or Affiliate thereof  

  
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that is a party to a Permitted Hedge Agreement with the Guarantor or any of its Subsidiaries (the obligations of such Person under which are Guaranteed Obligations) ceases to be a Lender or
Affiliate thereof, such former Lender or Affiliate thereof shall nevertheless continue to be a Guaranteed Party hereunder with respect to the Guaranteed Obligations under such Permitted Hedge Agreement. 

(iv) Upon and at any time after the occurrence and during the continuance of any Event of Default, each Guaranteed Party, and each of their
respective Affiliates, is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever
currency), at any time held and other obligations (in whatever currency) at any time owing by such Guaranteed Party or any such Affiliate to or for the credit or the account of the Guarantor (other than customer deposits, security deposits and other
monies, instruments and accounts held by the Guarantor in trust for or for the benefit of others) against any and all of the obligations of the Guarantor now or hereafter existing under this Guaranty or any other Credit Document to such Guaranteed
Party, irrespective of whether or not such Guaranteed Party shall have made any demand under this Guaranty or any other Credit Document and although such obligations of the Guarantor may be contingent or unmatured or are owed to a branch, office or
Affiliate of such Guaranteed Party different from the branch, office or Affiliate holding such deposit or obligated on such indebtedness. The rights of each Guaranteed Party, and their respective Affiliates, under this subsection are in addition to
other rights and remedies (including other rights of setoff) that such Guaranteed Parties or their respective Affiliates may have. Each Guaranteed Party agrees to notify the Guarantor and the Administrative Agent promptly after any such setoff and
application; provided that the failure to give such notice shall not affect the validity of such setoff and application. 
 1.8 No
Waiver. The rights and remedies of the Guaranteed Parties expressly set forth in this Guaranty and the other Credit Documents are cumulative and in addition to, and not exclusive of, all other rights and remedies available at law, in equity or
otherwise. No failure or delay on the part of any Guaranteed Party in exercising any right, power or privilege shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or privilege preclude any other or
further exercise thereof or the exercise of any other right, power or privilege or be construed to be a waiver of any Default or Event of Default. No course of dealing between the Guarantor and the Guaranteed Parties or any Related Party thereof
shall be effective to amend, modify or discharge any provision of this Guaranty or any other Credit Document or to constitute a waiver of any Default or Event of Default. No notice to or demand upon the Guarantor in any case shall entitle the
Guarantor to any other or further notice or demand in similar or other circumstances or constitute a waiver of the right of any Guaranteed Party to exercise any right or remedy or take any other or further action in any circumstances without notice
or demand. 
 1.9 Enforcement. The Guaranteed Parties agree that, except as provided in Section 1.7(iv), this
Guaranty may be enforced only by the Administrative Agent, acting upon the instructions or with the consent of the Required Lenders as provided for in the Credit Agreement, and that no Guaranteed Party shall have any right individually to enforce or
seek to enforce this Guaranty or to secure the payment and performance of the Guarantor’s obligations hereunder. The obligations of the Guarantor hereunder are independent of the Guaranteed 

  
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Obligations, and a separate action or actions may be brought against the Guarantor whether or not action is brought against the Borrowers or any other Guarantor and whether or not the Borrowers
or any other Guarantor is joined in any such action. The Guarantor agrees that to the extent all or part of any payment of the Guaranteed Obligations is subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be
repaid under any Insolvency Laws, or otherwise (the amount of any such payment, a “Reclaimed Amount”), then, to the extent of such Reclaimed Amount, this Guaranty shall continue in full force and effect or be revived and reinstated,
as the case may be, as to the Guaranteed Obligations intended to be satisfied as if such payment had not been received; and the Guarantor acknowledges that the term “Guaranteed Obligations” includes all Reclaimed Amounts that may arise
from time to time. 
 1.10 Amendments, Waivers, etc. No amendment, modification, waiver, discharge or termination of, or consent to
any departure by the Guarantor from, any provision of this Guaranty, shall be effective unless in a writing signed by the Administrative Agent and such of the Lenders as may be required under the provisions of the Credit Agreement to concur in the
action then being taken, and then the same shall be effective only in the specific instance and for the specific purpose for which given. 

1.11 Addition, Release of Guarantors. The Guarantor recognizes that the provisions of the Credit Agreement require its Subsidiaries in
certain circumstances to guaranty the Guaranteed Obligations, and agrees that its obligations hereunder shall not be discharged, limited or otherwise affected by reason of the same, or by reason of the Administrative Agent’s actions in
effecting the same or in releasing any such Subsidiary Guarantor, in each case without the necessity of giving notice to or obtaining the consent of the Guarantor. 

1.12 Continuing Guaranty; Term; Successors and Assigns; Assignment; Survival. This Guaranty is a continuing guaranty and covers all of
the Guaranteed Obligations as the same may arise and be outstanding at any time and from time to time from and after the date hereof, and shall (i) remain in full force and effect until satisfaction of all of the Termination Requirements,
(ii) be binding upon and enforceable against the Guarantor and its successors and assigns (provided, however, that the Guarantor may not sell, assign or transfer any of its rights, interests, duties or obligations hereunder
without the prior written consent of the Lenders (except in connection with a transaction permitted under Section 7.1 of the Credit Agreement in accordance with the terms thereof)) and (iii) inure to the benefit of and be enforceable by
each Guaranteed Party and its successors and permitted assigns. Without limiting the generality of clause (iii) above, any Guaranteed Party may, in accordance with the provisions of the Credit Agreement, assign all or a portion of the
Guaranteed Obligations held by it (including by the sale of participations), whereupon each Person that becomes the holder of any such Guaranteed Obligations shall (except as may be otherwise agreed between such Guaranteed Party and such Person)
have and may exercise all of the rights and benefits in respect thereof granted to such Guaranteed Party under this Guaranty or otherwise. The Guarantor hereby irrevocably waives notice of and consents in advance to the assignment as provided above
from time to time by any Guaranteed Party of all or any portion of the Guaranteed Obligations held by it and of the corresponding rights and interests of such Guaranteed Party hereunder in connection therewith. All representations, warranties,
covenants and agreements herein shall survive the execution and delivery of this Guaranty. 

  
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 1.13 Governing Law; Consent to Jurisdiction. 

(i) This Guaranty shall be governed by, and construed and enforced in accordance with, the laws of the State of New York (including Sections
5-1401 and 5-1402 of the New York General Obligations Law, but excluding all other choice of law and conflicts of law rules). 
 (ii) The
Guarantor irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of courts of the State of New York sitting in New York County and of the United States District Court for the Southern District of New
York, and any appellate court thereof, in any action or proceeding arising out of or relating to this Guaranty or any other Credit Document, or for recognition or enforcement of any judgment, and each of the parties hereto irrevocably and
unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such state court or, to the fullest extent permitted by applicable law, in such federal court. Each of the parties hereto agrees that a
final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Guaranty or in any other Credit Document shall affect any
right that any Guaranteed Party may otherwise have to bring any action or proceeding relating to this Guaranty or any other Credit Document against the Guarantor or its properties in the courts of any jurisdiction. 

(iii) The Guarantor irrevocably and unconditionally waives, to the fullest extent permitted by applicable law, any objection that it
may now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to this Guaranty or any other Credit Document in any court referred to in Section 1.13(ii). Each of the parties hereto hereby
irrevocably waives, to the fullest extent permitted by applicable law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(iv) Each of the parties hereto hereby irrevocably consents to service of process in any such action or proceeding in the manner
provided for notices in Section 1.15, and irrevocably agrees that service so made shall be effective and binding upon such party in every respect. Nothing in this Section shall affect the right of any party to serve legal process in any
other manner permitted by law. 
 1.14 Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS GUARANTY OR ANY OTHER CREDIT DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY
(WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF
LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS GUARANTY AND THE OTHER CREDIT DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS SECTION. 

  
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 1.15 Notices. All notices and other communications provided for herein shall be in writing
and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier as follows: (a) if to the Guarantor, at its address for notices set forth in the Credit Agreement, and (b) if to any
Guaranteed Party, at its address for notices set forth in the Credit Agreement; in each case, as such addresses may be changed from time to time pursuant to the Credit Agreement, and with copies to such other Persons as may be specified under the
provisions of the Credit Agreement. Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by telecopier shall be deemed to have been given when
sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next business day for the recipient). Notices delivered through electronic communications to the
extent provided in the Credit Agreement shall be effective as provided therein. 
 1.16 Severability. To the extent any provision of
this Guaranty is prohibited by or invalid under the applicable law of any jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity and only in such jurisdiction, without prohibiting or invalidating such
provision in any other jurisdiction or the remaining provisions of this Guaranty in any jurisdiction. 
 1.17 Construction. The
headings of the various sections and subsections of this Guaranty have been inserted for convenience only and shall not in any way affect the meaning or construction of any of the provisions hereof. Unless the context otherwise requires, words in
the singular include the plural and words in the plural include the singular. 
 1.18 Counterparts; Effectiveness. This Guaranty may
be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. This
Guaranty shall become effective upon the execution and delivery by the Guarantor of a counterpart hereof. 

  
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 IN WITNESS WHEREOF, the parties have caused this Guaranty to be executed under seal by
their duly authorized officers as of the date first above written. 
  

			
	INTERCONTINENTALEXCHANGE GROUP, INC.
		
	By:	 	 /s/ SCOTT A. HILL

	Name:	 	Scott A. Hill
	Title:	 	Senior Vice President and Chief
		 	Financial Officer

  

			
	 Accepted and agreed to:

	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Administrative Agent

		
	By:	 	 /s/ G. MENDEL LAY, JR.

	Name:	 	G. Mendel Lay, Jr.
	Title:	 	 Senior Vice President

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