I. General Requirements

• All transfers to be processed through the Membership Department which will confirm eligibility of transferee. More specifically, NYMEX stock may only be sold and/or transferred between stockholders or to NYMEX Trading Right Owners.

• "Offer," "Bid" and "Transfer Instruction" forms to be provided by the Membership Department. Minimum lot size requirement shall be 1,000 shares.

• Funds will not be processed through the Exchange (as is the current practice with seat purchases). Details of the funds processing are currently being finalized. Transfers will only be processed upon confirmation that funds have cleared.

• If the Bid/Offer is for NYMEX stock only, it must specify the particular series of stock (i.e., Series A-1, A-2 or A-3).

• Bids/Offers for NYMEX stock “bundled” with a NYMEX Trading Right are acceptable, subject to the transfer restrictions noted above and must include 90,000 shares of stock and a trading right to be considered “bundled”.

• The terms for Purchase/Sale of stock may be privately negotiated and/or submitted to the Membership Department for posting.

II. Privately Negotiated Transactions

• Parties to present properly completed Transfer Instruction form to the Membership Department, which will include confirmation that payment has been received by seller.

• Membership Department to confirm eligibility of transferee and thereafter process the transfer in the stock record books.

• Membership Department to post price, share type and number of shares sold for each completed transaction for informational purposes. Minimum lot size requirement shall be 1,000 shares.

III. For Open Offers/Bids

• Properly completed Bid/Offer forms to be submitted to the Membership Department. Minimum lot size requirement shall be 1,000 shares.

• Membership Department to post lowest offer and highest bid for specified quantities for each series.

• Upon acceptance of a bid, parties to present properly completed Transfer Instruction form to the Membership Department, which will include confirmation that payment has been received.

• Membership Department to process the transfer in the stock record books.

• Membership Department to post price, share type and number of shares sold for of each completed transaction for informational purposes.

IV. General Atlantic Bids

• Membership Department to provide notice to all stockholders and individual owners of a NYMEX Trading Right each time General Atlantic enters a bid. A period of four business days shall pass before General Atlantic's bid will be considered accepted.

• General Atlantic's bid will only be considered accepted for shares which others do not wish to purchase at the same price per share.

• Upon acceptance of a General Atlantic bid, parties to present properly completed Transfer Instruction form to the Membership Department, which will include confirmation that payment has been received in the stock record books.

• Membership Department to process the transfer in the stock record books.

• Membership Department to post price, share type and number of shares sold for each completed transaction for informational purposes.

Questions regarding these procedures should be directed to Dawn Lowe at dlowe@nymex.com.