Document:

EX-4.1

 Exhibit 4.1 

GUARANTY 
 THIS
GUARANTY, dated as of the 13th day of November, 2013 (this “Guaranty”), is made by IntercontinentalExchange, Inc., a Delaware corporation (the “Guarantor”) and a wholly owned subsidiary of
IntercontinentalExchange Group, Inc. (“New ICE Parent”), in favor of the Guaranteed Parties (as hereinafter defined). Capitalized terms used herein without definition shall have the meanings given to them in the Indenture referred
to below. 
 RECITALS 

A. The Guarantor is a borrower under 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, 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; 

B. NYSE Euronext Holdings LLC, a Delaware limited liability company (“NYSE”), as successor to NYSE Euronext, a Delaware
corporation, by merger effective the date hereof, has currently outstanding $850,000,000 aggregate principal amount of its 2.000% Senior Notes due 2017 (the “Notes”). The Notes were issued under an indenture dated as of May 29,
2008 (the “Base Indenture”) between NYSE Euronext, as issuer, and Wilmington Trust Company, as trustee (the “Trustee”), as supplemented by a First Supplemental Indenture, dated as of May 29, 2008 (the
“First Supplemental Indenture”), a Second Supplemental Indenture, dated as of October 5, 2012 (the “Second Supplemental Indenture”) and a Third Supplemental Indenture, dated as of the date hereof (the
“Third Supplemental Indenture” and, together with the Base Indenture, the First Supplemental Indenture and the Second Supplemental Indenture, and as further amended and supplemented from time to time in accordance with its terms,
the “Indenture” and, collectively with the Notes, the “Note Documents”); and 
 C. The Guarantor desires
to execute and deliver this Guaranty to the Trustee for the benefit of the Holders of the Notes. 
 STATEMENT OF GUARANTY 

NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged: 
 1. Guaranty. 

(a) The Guarantor hereby fully and unconditionally guarantees to the Holders and to the Trustee for the benefit of the Holders
(collectively, in such capacity, the “Guaranteed Parties”), on an unsecured basis, for as long as NYSE remains a Subsidiary of New ICE Parent that is consolidated in New ICE Parent’s financial statements and an obligor on the
Notes, the full and prompt payment of principal of, 

 
premium, if any, and interest on the Notes, when and as the same become due and payable, whether at stated maturity, upon redemption, by declaration of acceleration or otherwise, including all
fees and expenses due and owing to the Trustee (all liabilities and obligations described in this clause (a), collectively, the “Guaranteed Obligations”). 

(b) Notwithstanding the provisions of clause (a) above and notwithstanding any other provisions contained herein or in any
other Note Document: 
 (i) 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 

(ii) 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 New ICE Parent or 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 other Affiliates of New ICE Parent of obligations arising under guaranties by such parties). 

(c) The guaranty of the Guarantor set forth in this Section 1 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 Note Document. 

(d) This Guaranty 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. 

  
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 2. Guaranty Absolute. The Guarantor agrees that its obligations hereunder are irrevocable,
absolute and unconditional, are independent of the Guaranteed Obligations and any 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 Notes or the Indenture, 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 Notes or the Indenture, 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 Note 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 NYSE 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 NYSE 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, NYSE, any Guarantor or a surety or guarantor generally, other than (i) the payment in full in cash of the Guaranteed Obligations (other than contingent and indemnification
obligations not then due and payable), (ii) satisfaction and discharge of the Indenture in accordance with Section 401 of the Base Indenture, (iii) defeasance or covenant defeasance in accordance with Section 1301 or
Section 1302 of the Base Indenture or (iv) expiration of this Guaranty in accordance with Section 1 (a) hereof (the satisfaction of any of these conditions shall constitute the “Termination Requirement”). 

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 Note Document with respect to any Guaranteed Obligations), protest, dishonor, acceptance hereof, extension of additional credit to NYSE and of any of the
matters referred to in Section 2 hereof 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,
NYSE, 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 NYSE, 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 NYSE
or any other Person, including, without limitation, any defense based on or arising from a lack of authority or other disability of NYSE or any other Person, the invalidity or unenforceability of any Guaranteed Obligations or any Note Document or
other agreement or instrument delivered pursuant thereto, or the cessation of the liability of NYSE for any reason other than the satisfaction of the Termination Requirement; 

(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. 
 4. No Subrogation. The Guarantor hereby agrees that, until
satisfaction of the Termination Requirement, it will not exercise any claim or right that it may have against NYSE 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 NYSE or any other Guarantor, any right of indemnity, contribution or reimbursement against NYSE or any other Guarantor, any
right to enforce any remedies of any Guaranteed Party against NYSE 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 applicable Insolvency Laws), 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 Requirement, 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 Trustee 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 Note Documents and without in any way discharging, limiting or otherwise affecting the liability of the Guarantor under any other provision of this Guaranty. 

5. Payments; Application; Set-Off. 

(a) The Guarantor agrees that, upon the failure of NYSE 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(b) hereof, forthwith pay or cause to be paid to the Trustee, for the benefit of the Guaranteed Parties, an amount equal to the amount of the Guaranteed Obligations then due and owing as aforesaid. 

(b) All payments made by the Guarantor hereunder will be made in Dollars to the Trustee, without set-off, counterclaim or other
defense, the Guarantor hereby agreeing to comply with and be bound by the provisions of the Indenture in respect of all payments made by it hereunder. 

  
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 6. No Waiver. The rights and remedies of the Guaranteed Parties expressly set forth in
this Guaranty and the other Note 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 Affiliate thereof (or the partners, directors, officers, employees, agents, trustees and advisors of any of the
foregoing) shall be effective to amend, modify or discharge any provision of this Guaranty or any other Note 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. 
 7. Enforcement; Reinstatement. The obligations of the Guarantor hereunder are independent of the Guaranteed
Obligations, and a separate action or actions may be brought against the Guarantor whether or not action is brought against NYSE or any other Guarantor and whether or not NYSE 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 (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. 

8. 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 written instrument signed by the Guarantor without the consent of Holders for the purposes described in Section 901 of the Base Indenture (treating this Guaranty as
part of the Indenture for this purpose) or otherwise with the consent of Holders of not less than a majority in principal amount of the Outstanding Notes (such consent to be obtained using the record date and other procedural provisions contained in
Section 902 of the Base Indenture), and then the same shall be effective only in the specific instance and for the specific purpose for which given. 

9. Release. Notwithstanding anything else herein, the Guarantor shall be released from its obligations under this Guaranty and
this Guaranty shall terminate, without any need for further action by the Trustee or any Holder, at any time: (a) upon the satisfaction of any Termination Requirement under Section 2(i) hereof or (b) if and when the Guarantor
is no longer (or substantially simultaneously with such release will no longer be) an obligor (either borrower or guarantor) under the Credit Agreement. 

10. Continuing Guaranty; Term; Successors and Assigns. This Guaranty is a continuing guaranty and covers all of the Guaranteed
Obligations as the same may arise and be 

  
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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 release pursuant to Section 9 hereof and
(ii) be binding upon and enforceable against the Guarantor and its successors and assigns. 
 11. Governing Law. 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).

 12. 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. 
 13. 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.

 14. Counterparts; Effectiveness. This Guaranty may be executed in any number of counterparts. This Guaranty shall become effective
upon the execution and delivery by the Guarantor of a counterpart hereof. 
 (Remainder of page intentionally left blank)

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

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

	Name:	 	Scott A. Hill
	Title:	 	Senior Vice President and Chief
		 	Financial OfficerEX-4.2

 Exhibit 4.2 

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	 		 	

  
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