NYMEX HOLDINGS INC
EX-10.2: ADVISOR SERVICES AGREEMENT
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<TYPE>EX-10.2
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<FILENAME>y97119exv10w2.htm
<DESCRIPTION>EX-10.2: ADVISOR SERVICES AGREEMENT
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<TITLE>EX-10.2: ADVISOR SERVICES AGREEMENT</TITLE>
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<B><FONT size="2">EXHIBIT&nbsp;10.2</FONT></B>

<P align="center">
<B><FONT size="2">ADVISOR SERVICES AGREEMENT</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B><FONT size="2">WHEREAS,</FONT></B><FONT size="2"> this
Advisor Services Agreement (&#147;Agreement&#148;) is entered
into as of March&nbsp;17, 2004 (&#147;Effective Date&#148;)
between Vincent Viola (&#147;Advisor&#148;), an individual
having his principal place of business at 34 Chandler Road,
Chatham, NJ 07928 and NYMEX Holdings, Inc. (&#147;NYMEX&#148;),
a Delaware corporation having its principal place of business at
One North End Avenue, New&nbsp;York, NY 10282 (Advisor and NYMEX
are collectively referred to herein as the &#147;Parties&#148;
and individually as a &#147;Party&#148;).
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B><FONT size="2">WHEREAS,</FONT></B><FONT size="2"> Advisor has
had a longstanding relationship with NYMEX and has served as
Chairman of the Board for the past three years;
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B><FONT size="2">WHEREAS,</FONT></B><FONT size="2"> Advisor
possesses unique expertise, acumen and contacts which have
proven invaluable to NYMEX&#146;s business;
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B><FONT size="2">WHEREAS,</FONT></B><FONT size="2"> NYMEX
desires to continue to have access to Advisor&#146;s skills and
knowledge following the completion of his service as Chairman;
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B><FONT size="2">WHEREAS,</FONT></B><FONT size="2"> NYMEX
wishes to utilize Advisor&#146;s services and abilities to
perform the Scope of Work set forth below during the term of
this Agreement and any extension thereof;&nbsp;and
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B><FONT size="2">WHEREAS,</FONT></B><FONT size="2"> Advisor is
willing to render such consulting services to NYMEX upon the
terms and conditions contained in this Agreement.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B><FONT size="2">NOW THEREFORE,</FONT></B><FONT size="2"> in
consideration of the promises contained herein, the Parties
agree as follows:
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">1.&nbsp;<I>Scope of Work</I>
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Advisor shall perform the services
(&#147;Services&#148;), as set forth in greater detail in the
attached <I>Exhibit&nbsp;A</I>, according to the terms and
conditions of this Agreement. <I>Exhibit&nbsp;A </I>is hereby
incorporated and made a part of this Agreement. The
acceptability of any of the Services shall be based on
NYMEX&#146;s satisfaction or dissatisfaction with the Services
in NYMEX&#146;s reasonable discretion, such discretion to be
exercised in accordance with the prior dealings between the
parties.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.&nbsp;<I>Period of Agreement.</I> This
Agreement shall commence on the Effective Date and will continue
for a period of three (3)&nbsp;years, unless terminated earlier
in accordance with Article&nbsp;4 hereof, or unless renewed by
mutual agreement of the parties.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">3.&nbsp;<I>Relationship Between the Parties</I>
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">A.&nbsp;Advisor acknowledges and agrees that
Advisor has been retained solely as an independent contractor in
a temporary capacity and not as an agent or employee of NYMEX.
Nothing in this Agreement shall be construed to create a
partnership, joint venture, or agency relationship between the
Parties. Advisor is not authorized to enter into contracts or
agreements on behalf of NYMEX or to otherwise create obligations
of NYMEX to third parties.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">B.&nbsp;Advisor shall be solely responsible for
the payment to any of its employees of compensation, expenses,
and benefits associated with employment, workers&#146;
compensation payments, state disability insurance and claims,
and unemployment, social security and other payroll taxes, as
applicable.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">C.&nbsp;Compensation payable by NYMEX to the
Advisor under this Agreement is not intended to constitute
&#147;wages&#148; for purposes of federal or state withholding
taxes, social security payments, insurance contributions,
unemployment taxes or other similar payments and the Advisor
shall be solely responsible for all liabilities arising
therefrom.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">4.&nbsp;<I>Termination</I>
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">A.&nbsp;Subsequent to the first twelve
(12)&nbsp;months of the Effective Date, either Party may
terminate this Agreement at any time for any reason or no reason
upon not less than ninety (90)&nbsp;days&#146; prior written
notice.
</FONT>

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">B.&nbsp;Notwithstanding anything in this
Agreement to the contrary, NYMEX may terminate the Agreement at
any time upon not less than five (5)&nbsp;days&#146; prior
notice in the event of Advisor&#146;s breach of his non-compete
obligations (as set forth in Article&nbsp;12) or his
confidentiality obligations (as set forth in Article&nbsp;5 and
Exhibit&nbsp;B).
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">C.&nbsp;In the event that either Party breaches a
material provision of this Agreement, and such breach remains
uncured on the date ten (10) business days after receipt by the
breaching party of notice thereof, the non-breaching Party shall
have all rights and remedies available in law or equity
(including, without limitation, the right to terminate this
Agreement).
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">D.&nbsp;Except as specifically provided otherwise
in this Agreement, in the event of the termination of this
Agreement by NYMEX prior to the expiration of the term set forth
in Article&nbsp;2 above, NYMEX will remain liable to the Advisor
solely for payment of all approved expenses and all payments due
to Advisor, pursuant to Exhibit&nbsp;A, for Services rendered by
the Advisor through the effective date of such termination.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">5.&nbsp;<I>Confidential Information.</I> Advisor
agrees to execute and abide by the Non-Disclosure Agreement set
forth in Exhibit&nbsp;B to this Agreement.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">6.&nbsp;<I>Disclosure of Inventions&nbsp;&#38;
Ownership of Plans</I>
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">A.&nbsp;Any and all original reports, analyses
and other documentation provided by Advisor in connection with
the Services (&#147;Documentation&#148;) or any deliverable
prepared by Advisor in connection with the performance of the
Services shall become the exclusive property of NYMEX, including
any trademark or copyright rights and other tangible or
intangible rights attaching thereto.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">B.&nbsp;Advisor agrees to disclose promptly in
writing to NYMEX any and all inventions, improvements,
discoveries and copyrightable material, computer programs,
processes, manufacturing techniques, trade secret formula or
know how, patentable or unpatentable, copyrightable or
uncopyrightable, protectable or unprotectable under any form of
legal protection afforded to intellectual property, that Advisor
may conceive, make, develop, author or work on in whole or in
part, solely or jointly with others, in relation to the
performance of the Services.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">7.&nbsp;<I>Covenants and Warranties by Both
Parties</I>
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">A.&nbsp;Each party represents to the other that
its execution of this Agreement, and the performance of its
obligations hereunder, will not violate any statute, regulation,
order, judgment or decree to which such party is subject or by
which it is bound.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">B.&nbsp;Each party represents to the other that
it has obtained all required authorizations and approvals
necessary for it to execute this Agreement and fully perform its
obligations hereunder.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">8.&nbsp;<I>Additional Covenants and Warranties by
Advisor</I>
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">A.&nbsp;<I>Services.</I> Advisor covenants and
agrees that Advisor shall perform the Services in a professional
and diligent manner in accordance with the standards generally
followed by equally qualified, competent and experienced
consultants in the United States at the time of performance.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">B.&nbsp;<I>Conflicts.</I> In addition to the
obligations set forth in Article 12 below, Advisor represents
and warrants that it shall not act as an agent for, consultant
to, or as an officer, employee, or other representative of any
of NYMEX&#146;s competitors or prospective competitors; provided
that the aforesaid representation and warranty shall only apply
to the trading of energy and metals (or any other products of an
exchange which NYMEX subsequently acquires during the term of
this Agreement) by NYMEX&#146;s competitors and prospective
competitors, and shall not apply to any other activities of
Advisor on behalf of such competitors and potential competitors.
Advisor hereby warrants that there is no conflict of interest
between Advisor&#146;s other employment, if any, or other
Advisor contracts, if any, and the activities to be performed
hereunder. Advisor shall advise NYMEX if a conflict of interest
arises in the future.
</FONT>

<P align="center"><FONT size="2">2
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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">C.&nbsp;<I>Remedies.</I> In addition to other
remedies provided hereunder, Advisor shall make reasonable
efforts to promptly remedy any breach of any warranty in this
Agreement at its own expense and without charge to NYMEX.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">D.&nbsp;<I>NYMEX Rules.</I> Advisor acknowledges
and agrees to be bound by NYMEX Rule&nbsp;3.02
(&#147;Restrictions on Governing Board Members, Committee
Members, Consultants, and Other Persons Who Possess Material,
Non-Public Information&#148;).
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">9.&nbsp;<I>Infringement Indemnity</I>
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">A.&nbsp;Any Party providing
(&#147;Provider&#148;) any information, design specification,
instruction, software, data, or other material
(&#147;Material&#148;) will defend, indemnify and hold harmless
the Party receiving such Material (&#147;Recipient&#148;)
against any claim (and all expenses arising therefrom,
including, but not limited to, reasonable attorneys fees) that
any Material furnished by the Provider and used by the Recipient
for the Services infringes a copyright, patent, trade secret, or
other intellectual property right provided that: (1) the
Recipient notifies the Provider in writing within thirty (30)
days of the claim; (2)&nbsp;the Provider has sole control of the
defense and all related settlement negotiations; and
(3)&nbsp;the Recipient provides the Provider with the
assistance, information, and authority reasonably necessary to
perform the above; reasonable out-of-pocket (including, but not
limited to, reasonable attorneys fees) expenses incurred by the
Recipient in providing such assistance will be reimbursed by the
Provider.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">B.&nbsp;The Provider shall have no liability for
any claim of infringement resulting from: (1)&nbsp;the
Recipient&#146;s use of altered Material if infringement would
have been avoided by the use of unaltered Material provided to
the Recipient; or (2)&nbsp;any information, design,
specification, instruction, software, data or material not
furnished by the Provider.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">C.&nbsp;In the event that some or all of the
Material is held or is believed by the Provider to infringe, the
Provider shall have the option, at its expense, (1)&nbsp;to
modify the Material to be non-infringing; (2)&nbsp;to obtain for
the Recipient a license to continue using the Material; or
(3)&nbsp;to require return of the infringing Material and all
rights thereto from the Recipient, after which Provider shall
pay to Recipient any all fees paid to Provider in respect to the
use thereof. If such return of the infringing Material affects
either NYMEX&#146;s or Advisor&#146;s ability to meet its
obligations under this Agreement, the affected Party may
terminate this Agreement upon thirty (30)&nbsp;days prior
written notice to the other Party.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">10.&nbsp;<I>Indemnification</I>
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">A.&nbsp;In addition to Article&nbsp;9, each party
(&#147;Indemnitor&#148;) shall indemnify and hold harmless the
other party (&#147;Indemnitee&#148;), its affiliates, and its
and their respective directors, officers, members, employees,
and agents, from and against any and all liabilities, damages,
claims, losses, costs, expenses, judgments or settlements,
including attorney fees and disbursements, incurred by
Indemnitee in any action or proceeding between Indemnitee and
any third party, in connection with or arising out of the gross
negligence or wilful misconduct of Indemnitor in connection with
the provision of the Services.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">B.&nbsp;In addition to Article&nbsp;9, Indemnitor
shall indemnify, defend and hold harmless Indemnitee from and
against any and all claims arising from a breach of the
representations and warranties made by Indemnitor in this
Agreement.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">C.&nbsp;In addition to Article&nbsp;9, Advisor
shall indemnify, defend and hold harmless NYMEX and its
affiliates and its and their respective directors, officers,
members, employees and agents from and against any and all
liabilities, damages, claims, losses, costs, expenses, judgments
or settlements, including attorney fees and disbursements, in
respect of taxes on payments made to Advisor and all claims
arising out of any bodily injury, death or damage to tangible
personal property to the extent directly and proximately caused
by the gross negligence or willful misconduct of Advisor.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">D.&nbsp;The following conditions shall apply to
any indemnification pursuant to &#182;&#182;&nbsp;A, B or C of
this Article&nbsp;10: (1)&nbsp;Indemnitee must promptly provide
Indemnitor with written notice of any such claim;
(2)&nbsp;Indemnitee must provide reasonable cooperation,
information, and assistance to Indemnitor in connection
therewith; (3)&nbsp;Indemnitor shall have sole control and
authority to defend, settle or compromise such claim;
</FONT>

<P align="center"><FONT size="2">3
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<DIV align="left">
<FONT size="2">(4)&nbsp;Indemnitee shall have the right to
retain counsel to participate in the claim, in which case
Indemnitor shall reasonably cooperate with Indemnitee and its
counsel; and (5)&nbsp;Indemnitor shall not settle any claim
without the consent of Indemnitee unless the sole relief awarded
is money damages payable solely by Indemnitor.
</FONT>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">11.&nbsp;<I>LIMITATION OF LIABILITY</I>
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">NYMEX&#146;S AGGREGATE LIABILITY TO ADVISOR OR ANY THIRD PARTIES
FOR ANY AND ALL DAMAGES IN ANY WAY RELATED TO THIS AGREEMENT,
REGARDLESS OF WHETHER THE CLAIM FOR SUCH DAMAGES IS BASED IN
CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE, SHALL NOT EXCEED
THE TOTAL AMOUNT PAID TO ADVISER HEREUNDER.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">12.&nbsp;<I>Inventions, Patents, Trademarks and
Copyrights</I>
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">A.&nbsp;<I>Definitions.</I>
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(1)&nbsp;The term &#147;Work&#148; means any and
    all writings, designs, models, drawings, photographs, physical
    property, reports, formulas, patterns, devices, compilations or
    other material, whether or not protectable under Title&nbsp;17
    of the U.S.&nbsp;Code, and that are created for NYMEX by
    Advisor, whether alone or with others, and whether created by
    independent contractors, employees or agents of Advisor.
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(2)&nbsp;The term &#147;Trademark&#148; means any
    name, word, phrase, logo, design or other graphic depiction
    generated during the performance of this Agreement that is or
    can be used to describe either a product or service of NYMEX,
    and that is created for NYMEX by Advisor, whether alone or with
    others, and whether created by independent contractors,
    employees or agents of Advisor.
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(3)&nbsp;The term &#147;Invention&#148; means any
    designs, processes, inventions or discoveries, whether or not
    patentable or otherwise protectable under Title&nbsp;35 of the
    U.S.&nbsp;Code, that are created for NYMEX by Advisor, whether
    alone or with others, and whether created by independent
    contractors, employees or agents of Advisor.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">B.&nbsp;<I>Work Made for Hire and Assignment.</I>
In relation to the performance of this Agreement, Advisor may
create certain Works for NYMEX that may be copyrighted or
copyrightable under the laws of the United States. To the extent
that any such Works are created, Advisor will be considered to
have created a Work Made for Hire as defined in 17&nbsp;U.S.C.
&#167;&nbsp;101, and NYMEX shall have the sole right to the
copyright. In the event that any such Work created by Advisor
does not qualify as a Work Made for Hire, Advisor hereby assigns
its copyright and all rights, title and interest throughout the
world, in and to the Work to NYMEX, as provided for below.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">C.&nbsp;<I>Title to Works, Trademarks, and
Inventions Produced.</I> It is understood and agreed that the
entire right, title and interest throughout the world to all
Works, Trademarks, and/or Inventions that are conceived of,
prepared, procured, generated or produced, whether or not
reduced to practice, by Advisor, either solely or jointly with
others during the course of, in connection with, or as related
to the performance of this Agreement, shall be and hereby are
vested and assigned by Advisor to NYMEX.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">D.&nbsp;<I>Further Assurances.</I> Advisor agrees
to execute any and all documents prepared by NYMEX, and to do
all other lawful acts as may be necessary, useful or convenient
for NYMEX to establish, document, and protect the rights granted
to NYMEX hereunder.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">E.&nbsp;<I>Dealings with Others.</I> Advisor has
acquired or shall acquire from each of its employees,
consultants, and subcontractors, if any, the necessary rights to
all such works, trademarks, and inventions produced by such
employees, consultants, and subcontractors, within the scope of
their employment by Advisor in performing Services under this
Agreement. Advisor shall obtain the cooperation of each such
party to secure to NYMEX or its nominees the rights granted to
NYMEX hereunder may acquire in accordance with the provisions of
this Article&nbsp;11.
</FONT>

<P align="center"><FONT size="2">4
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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">13.&nbsp;<I>Non-competition&nbsp;&#38;
Non-solicitation.</I>
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Notwithstanding anything to the contrary in this
Agreement, during the term of this Agreement and for a period of
one (1)&nbsp;year following the termination and/or expiration of
this Agreement, Advisor shall not (without the prior written
consent of NYMEX):
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(1)&nbsp;Provide any services (whether as a
    director, officer, employee, consultant or otherwise) to any
    other commodity exchange and/or any platform (including
    electronic communications networks) in connection with the
    trading of energy or metals (or any other products of an
    exchange which NYMEX subsequently acquires during the term of
    this Agreement); or
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(2)&nbsp;Solicit for employment for, nor employ,
    any employee of NYMEX and/or its affiliates without the approval
    of the Executive Committee of NYMEX.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">B.&nbsp;Nothing contained in this Agreement shall
restrict any proprietary trading by Advisor or any entity in
which Advisor owns a controlling interest.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">C.&nbsp;Advisor has carefully read and considered
the provisions hereof, has been advised by counsel and, having
done so, Advisor acknowledges and agrees that the restrictions
and covenants contained in this Article&nbsp;13, in view of the
unique nature of the business in which NYMEX is engaged and
Advisor&#146;s relationship with NYMEX, are reasonable and
necessary in order to protect the legitimate interests of NYMEX,
that their enforcement will not impose a hardship on Advisor or
significantly impair his ability to earn a livelihood, and that
any violation thereof would result in irreparable injuries to
NYMEX.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">14.&nbsp;<I>Miscellaneous</I>
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">A.&nbsp;This Agreement shall be governed by and
construed in accordance with the applicable laws of the State of
New&nbsp;York except for its laws governing conflict and choice
of laws.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">B.&nbsp;The Advisor shall not discriminate
against any employee or applicant for employment because of
race, color, religion, sex, age or national origin, and Advisor
agrees to comply with all laws and ordinances relating thereto,
and all orders, rules and regulations issued pursuant thereto.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">C.&nbsp;Neither Party shall assign, sublet or
transfer all of any part of its interest in this Agreement
without the prior written consent of the other Party except that
NYMEX may assign to any of its successors or affiliates. Except
as otherwise provided, any attempted assignment by a Party in
violation of this provision shall render this Agreement voidable
by the other Party.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">D.&nbsp;The provisions of Articles&nbsp;3, 5, 6,
9, 10, 11, 12, 13 and 14 shall survive the completion or early
termination of this Agreement.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">E.&nbsp;Failure of either Party to enforce any of
the provisions of this Agreement shall not be construed as a
waiver of such provisions or of the right thereafter to enforce
such provisions.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">F.&nbsp;This Agreement, the terms and conditions
herein contained, together with all attachments hereto and other
agreements and documents referred to herein, shall constitute
the entire agreement between NYMEX and the Advisor and supersede
any and all other agreements or arrangements, whether written or
oral, with respect to the subject matter hereof. This Agreement
shall inure to the benefit of and be binding upon the Parties
hereto and their respective successors and assigns, as may be
permitted hereunder. This Agreement may be amended or modified
only by a writing signed by both Parties.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">G.&nbsp;In case any one or more of the provisions
contained in this Agreement shall be held to be invalid, illegal
or unenforceable in any respect for any reason, such invalidity,
illegality or unenforceability shall not affect any other
provisions of the Agreement, and this Agreement shall be
construed as if such invalid, illegal or unenforceable provision
had never been contained herein.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">H.&nbsp;All notices and other communications to
be given or to otherwise be made to any Party to this Agreement
shall be deemed to be sufficient if contained in a written
instrument delivered in person or duly sent by first class
registered or certified mail or by a recognized national courier
service, postage or charges
</FONT>

<P align="center"><FONT size="2">5
</FONT>

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<DIV align="left">
<FONT size="2">repaid, to the Advisor and to the NYMEX, at the
address set forth on the first page of this Agreement, or to
such other address of which such Party may give written notice
to the other in accordance with this provision.
</FONT>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">I.&nbsp;The Article headings contained in this
Agreement are for reference purposes only and shall not affect
in any way the meaning or interpretation of this Agreement.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">J.&nbsp;This Agreement may be executed in one or
more counterparts, which shall, collectively and separately,
constitute one agreement.
</FONT>

<P align="center"><FONT size="2">6
</FONT>

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B><FONT size="2">IN WITNESS WHEREOF,</FONT></B><FONT size="2">
the Parties hereto have duly executed and delivered this
Agreement as of the Effective Date.
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="40%"></TD>
    <TD width="60%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">/s/ VINCENT VIOLA
    </FONT></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <HR size="1" align="left" noshade></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">Vincent Viola
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">NYMEX HOLDINGS, INC.
    </FONT></TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="40%"></TD>
    <TD width="2%"></TD>
    <TD width="58%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD><FONT size="2">By:&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">/s/ MITCHELL STEINHAUSE
    </FONT></TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="40%"></TD>
    <TD width="60%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <HR size="1" align="left" noshade></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">Name: Mitchell Steinhause
    </FONT></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">Title: &nbsp;Chairman
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">7
</FONT>
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<DIV align="right">
<B><FONT size="2">EXHIBIT&nbsp;A</FONT></B>
</DIV>

<P align="center">
<B><FONT size="2">SCOPE OF WORK&nbsp;&#38; PAYMENT</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Advisor shall advise NYMEX in connection with
various strategic initiatives including, but not limited to,
business combinations, financing transactions, capital raising
and/or technology agreements that Advisor identifies or is
directed to pursue by NYMEX&#146;s Chairman or by NYMEX&#146;s
Board of Directors. Advisor shall devote no less than ten full
days per any given month during the term of this Agreement to
the Services. Subject to Article&nbsp;13 of the Advisor Services
Agreement (&#147;Agreement&#148;) between the parties, Advisor
shall be free to perform other services for other persons, and
shall not be required to devote his full working time and energy
to the performance of his obligations under the Agreement.
Advisor shall report directly to NYMEX&#146;s Chairman or
NYMEX&#146;s Board of Directors. Advisor shall be referred to as
&#147;Senior Strategic Advisor.&#148;
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">As part of, and not in limitation of, the
Services, Advisor will (1)&nbsp;perform analyses of the
initiatives and their potential financial and non-financial
impact on NYMEX, (2)&nbsp;assist in negotiations with third
parties and their advisors, (3)&nbsp;coordinate with any
financial, legal and accounting advisors retained by NYMEX,
(4)&nbsp;make himself available for presentations to the Board
of Directors and any committee of the Board, and (5)&nbsp;keep
the Chairman of NYMEX currently informed as to the status of
initiatives being pursued as part of the Services.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In consideration of the Services, for the period
of service NYMEX shall pay the Advisor:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$83,333.33&nbsp;per
    month (and a proportionate amount of such payment for each
    partial month);&nbsp;and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a transaction fee
    (&#147;Transaction Fee&#148;) based upon the following:
    </FONT></TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(1)&nbsp;In the event that NYMEX acquires a
    controlling interest in the Intercontinental Exchange, Inc.
    (&#147;ICE&#148;) or the New&nbsp;York Board of Trade
    (&#147;NYBOT&#148;) during the term of this Agreement or any
    extension thereof, NYMEX shall also pay Advisor an amount equal
    to a percentage of the price paid by NYMEX to ICE or NYBOT, as
    the case may be, for such controlling interest
    (&#147;Price&#148;) according to the following scale:
    </FONT></TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="10%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(i)&nbsp;Two percent (2%) of the first fifty
    million dollars ($50,000,000) of the Price;&nbsp;and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(ii)&nbsp;One and one half percent (1.5%) of the
    following fifty million dollars ($50,000,000) to one hundred
    million dollars ($100,000,000) of the Price;&nbsp;and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(iii)&nbsp;One and one quarter percent (1.25%) of
    the following one hundred million dollars ($100,000,000) to two
    hundred million dollars ($200,000,000) of the Price;&nbsp;and
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(iv)&nbsp;One percent (1%) of that portion of the
    Price that exceeds two hundred million dollars
    ($200,000,000);&nbsp;and
    </FONT></TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(2)&nbsp;A fee to be negotiated in good faith in
    respect of any other substantial business combination or
    acquisition, provided that such business combination or
    acquisition is first identified by the Advisor to NYMEX or as
    may be agreed upon by the Parties.
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(3)&nbsp;In addition to the foregoing, NYMEX
    shall pay the applicable Transaction Fee in respect of a
    transaction that is consummated within one year of the
    expiration or termination of this Agreement or any extension
    thereof, and that derives directly from an opportunity that
    Advisor identified and substantively pursued as part of his
    Services during the term of the Agreement. Notwithstanding the
    foregoing, NYMEX shall have no obligation to pay such
    Transaction Fee in the event of NYMEX&#146;s termination of this
    Agreement for Advisor&#146;s breach of the terms and conditions
    contained herein.
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">8
</FONT>

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<DIV align="right">
<B><FONT size="2">EXHIBIT&nbsp;B</FONT></B>
</DIV>

<P align="center">
<B><FONT size="2">NON-DISCLOSURE AGREEMENT</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B><FONT size="2">WHEREAS, </FONT></B><FONT size="2">this
Non-Disclosure Agreement (&#147;Agreement&#148;) is entered into
as of March&nbsp;17, 2004 (&#147;Effective Date&#148;) between
the NYMEX Holdings, Inc. (&#147;NYMEX&#148; or &#147;Disclosing
Party&#148;) and Vincent Viola (&#147;Advisor&#148; or
&#147;Receiving Party&#148;) (each of NYMEX and Advisor is
hereinafter referred to individually as a &#147;Party&#148; or
collectively as the &#147;Parties&#148;) in connection with a
business venture (&#147;Arrangement&#148;);&nbsp;and
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B><FONT size="2">WHEREAS,</FONT></B><FONT size="2"> NYMEX
possess its own proprietary, financial, business, and marketing
information relating to the Arrangement;&nbsp;and
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B><FONT size="2">WHEREAS,</FONT></B><FONT size="2"> in order to
begin the discussions regarding the Arrangement NYMEX is willing
to disclose to Advisor certain information and related materials
that NYMEX considers to be confidential and secret and in which
NYMEX has a proprietary interest, subject to the terms and
conditions set forth below.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B><FONT size="2">NOW, THEREFORE,</FONT></B><FONT size="2"> in
consideration of the disclosure of any Confidential Information
(as defined below) the covenants and premises contained herein
and other good and valuable consideration the sufficiency of
which is hereby acknowledged, and intending to be legally bound
hereby, the Parties hereto agree as follows:
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">1.&nbsp;The following definitions shall apply for
purposes of this Agreement:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <I><FONT size="2">&#147;Affiliate&#148;</FONT></I><FONT size="2">
    means, when used with respect to any Person (as defined below),
    any other Person directly or indirectly controlling, controlled
    by or under common control with, such Person.
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <I><FONT size="2">&#147;Agreement&#148;</FONT></I><FONT size="2">
    means this Agreement, as amended from time to time.
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <I><FONT size="2">&#147;Arrangement&#148;</FONT></I><FONT size="2">
    means any business venture(s) discussed between the Parties.
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <I><FONT size="2">&#147;Confidential
    Information&#148;</FONT></I><FONT size="2"> shall mean any and
    all of NYMEX&#146;s confidential, secret or proprietary
    information, whether written or oral, including but not limited
    to, products or services, personnel, procedures of operation,
    business or marketing plans, business methods and practices,
    compilations of data or information concerning NYMEX&#146;s
    business, financial data, business proposals, names of
    NYMEX&#146;s suppliers and customers, possible business partners
    and their businesses and any other information not generally
    known to the public.
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <I><FONT size="2">&#147;Disclosing
    Party&#148;</FONT></I><FONT size="2"> shall mean NYMEX.
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <I><FONT size="2">&#147;Person&#148;</FONT></I><FONT size="2">
    means a natural person, partnership (whether general or
    limited), limited liability company, trust, estate, association,
    corporation, custodian, nominee or any other individual or
    entity in its own or any representative capacity.
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <I><FONT size="2">&#147;Receiving
    Party&#148;</FONT></I><FONT size="2"> shall mean Advisor.
    </FONT></TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <I><FONT size="2">&#147;Representatives&#148;</FONT></I><FONT size="2">
    means, with respect to either Party, such Party&#146;s
    directors, officers, members, employees, agents or advisors
    (including, without limitation, attorneys, accountants and
    management consultants).
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.&nbsp;All Confidential Information heretofore
or hereinafter furnished to Receiving Party or to any of
Receiving Party&#146;s Representatives by Disclosing Party or by
any of the Disclosing Party&#146;s Representatives, shall be
kept confidential by the Receiving Party. The Receiving Party
warrants that it will keep the Disclosing Party&#146;s
Confidential Information in no less confidential a manner than
it keeps its own most confidential information but in no event
shall less than reasonable care be exercised to prevent
unauthorized disclosure.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">3.&nbsp;Confidential Information disclosed
hereunder shall at all times remain, as between the Parties, the
property of the Disclosing Party. No license under any trade
secrets, copyrights, or other rights is granted by this
Agreement or any disclosure of Confidential Information
hereunder.
</FONT>

<P align="center"><FONT size="2">9
</FONT>

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">4.&nbsp;The Receiving Party shall receive, use
and consider the Confidential Information solely and exclusively
for the purpose of discussions regarding the Arrangement. Except
to the extent the Receiving Party has prior written consent from
the Disclosing Party, the Receiving Party shall not duplicate in
any manner or disclose to any third party the Confidential
Information or any part thereof other than to its
Representatives having a need to know the Confidential
Information in order to assist in the evaluation of the
Arrangement or any other current or future business relationship
between the Receiving Party and the Disclosing Party. In any
instance in which the Receiving Party discloses the Confidential
Information to its Representatives, the Receiving Party shall
inform them of the confidential nature of the Confidential
Information and of the terms of this Confidentiality Agreement.
The Receiving Party shall be held responsible for any
unauthorized use or disclosure of any Confidential Information,
regardless of the nature thereof or the identity of the
unauthorized user or disclosure thereof.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">5.&nbsp;The Receiving Party understands and
agrees that disclosure of the Confidential Information may cause
irreparable harm to the Disclosing Party, not compensable by
money damages and therefore the Disclosing Party shall not have
an adequate remedy at law in the event of an unauthorized use or
disclosure of the Confidential Information in breach of the
provisions of this Agreement. Accordingly, the Disclosing Party
shall be entitled to injunctive relief, in addition to any other
rights and remedies which might be available to it under the
law. The prevailing Party in any litigation relating to or
arising under this Agreement shall be entitled to reasonable
attorneys&#146; fees, including fees on appeal.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">6.&nbsp;Upon the written request of the
Disclosing Party, the Receiving Party will promptly return to
the Disclosing Party or destroy all of the Confidential
Information of the Disclosing Party (or such portion thereof as
may be requested by the Disclosing Party) without retaining
copies, summaries or extracts thereof or based thereon.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">7.&nbsp;The Receiving Party further understands
and acknowledges that the furnishing of the Confidential
Information by the Disclosing Party does not in and of itself
constitute a representation of any kind by the Disclosing Party
as to the accuracy or completeness of such information.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">8.&nbsp;The Receiving Party may disclose the
Disclosing Party&#146;s Confidential Information to a third
person only if: (a)&nbsp;the Confidential Information is made
public by the Disclosing Party; (b)&nbsp;the Confidential
Information becomes generally known to the public, or was
generally known to the public, before the date on which this
Agreement is executed; (c)&nbsp;the Disclosing Party waives its
rights as provided in Article&nbsp;14 below; (d)&nbsp;the
Receiving Party obtains the Confidential Information independent
of the Disclosing Party lawfully and without breach of this
Agreement or (e)&nbsp;disclosure of the Confidential Information
is required by a governmental authority, either by explicit
order, statute or regulation; in which case the Receiving Party
shall comply with its obligations under Section&nbsp;9 below.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">9.&nbsp;If the Receiving Party is required by
law, regulation, legal process or regulatory authority to
disclose the Disclosing Party&#146;s Confidential Information,
the Receiving Party (if legally permitted to do so) shall
provide the Disclosing Party with prompt notice (in writing if
practicable) of any such requirement so that the Disclosing
Party may seek a protective order or other remedy and/or waive
compliance with the provisions of this Agreement. In the event
that such protective order or other remedy is not obtained, or
that the Disclosing Party grants a waiver hereunder, the
Receiving Party may furnish that portion (and only that portion)
of the Confidential Information which, in the opinion of its
counsel, it is required by law, regulation, legal process or
regulatory authority to disclose, without any liability to the
Disclosing Party and with respect to which it agrees to exercise
its best efforts to obtain reliable assurance that confidential
treatment will be accorded. In any event, the Receiving Party
will not oppose action by the Disclosing Party to obtain a
protective order unless the Receiving Party reasonably
determines that such order is adverse to its interests or other
reliable assurance that confidential treatment will be accorded
the Confidential Information.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">10.&nbsp;The Parties acknowledge and agree that
the Disclosing Party may provide other persons with its own
Confidential Information and nothing contained herein shall act
so as to prevent such Party from doing so.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">11.&nbsp;Receiving Party hereby agrees to
indemnify and hold harmless the Disclosing Party and its
Representatives from any damage, loss, cost or liability
(including reasonable attorneys fees and legal fees, and
</FONT>

<P align="center"><FONT size="2">10
</FONT>

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<DIV align="left">
<FONT size="2">the cost of enforcing this indemnification
provision) arising out of or resulting from any breach by it of
this Agreement.
</FONT>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">12.&nbsp;Each of the Parties agree that except
for the matters specifically agreed to in this Agreement and as
otherwise agreed in writing by the Parties, none of the Parties
or their respective Representatives will be under any legal
obligation of any kind whatsoever with respect to providing any
services and/or any discussion with regard to providing such
services.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">13.&nbsp;Each Party acknowledges and agrees that
it may allow other Persons to provide it any of the services to
be provided (or proposed to be provided) by the other Party. In
addition, each Party may make available to any other Persons its
own Confidential Information and nothing contained herein shall
act so as to prevent a Party from so doing.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">14.&nbsp;This Agreement may be modified or waived
only by an express amendment and waiver in writing signed by the
Parties. It is understood and agreed that no failure or delay by
any Party in exercising any right, power or privilege hereunder
shall operate as a waiver thereof, nor shall any single or
partial exercise thereof preclude any other or further exercise
thereof or the exercise of any right, power or privilege
hereunder.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">15.&nbsp;The invalidity or unenforceability of
any provision of this Agreement shall not affect the validity or
enforceability of any other provisions of this Agreement, which
shall remain in full force and effect.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">16.&nbsp;This Agreement will be governed by both
the substantive and procedural laws of the State of
New&nbsp;York, U.S.A., excluding its conflict of law rules and
the UN Convention for the International Sale of Goods (CISG).
Any action to enforce any provision of this Agreement may be
brought only in the Supreme Court, State of New&nbsp;York,
County of New&nbsp;York or in the United States District Court
for the Southern District of New&nbsp;York.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">17.&nbsp;NYMEX and Advisor shall be bound by the
terms of this Agreement until a written release is given by
NYMEX following the return or destruction of all of the
Confidential Information.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">18.&nbsp;Neither Party may use the name of the
other in connection with any advertising or publicity materials
or activities without the prior written consent of the other
Party.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">19.&nbsp;This Agreement shall become effective as
of the date Confidential Information is first made available to
any of the Parties to this Agreement.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">20.&nbsp;This Agreement may be executed in
counterparts, each of which shall be deemed to be an original,
but all of which shall constitute one and the same agreement.
</FONT>

<P align="center"><FONT size="2">11
</FONT>

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B><FONT size="2">IN WITNESS WHEREOF,</FONT></B><FONT size="2">
the Parties hereto have duly executed and delivered this
Agreement as of Effective Date.
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="40%"></TD>
    <TD width="60%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">/s/ VINCENT VIOLA
    </FONT></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
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    <FONT size="2">Vincent Viola
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    <FONT size="2">NYMEX HOLDINGS, INC.
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    <TD><FONT size="2">By:&nbsp;</FONT></TD>
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    <FONT size="2">/s/ MITCHELL STEINHAUSE
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    <FONT size="2">Name: Mitchell Steinhause
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    <FONT size="2">Title: &nbsp;Chairman
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