PROCEDURES FOR 2010 ANNUAL MEETING OF MEMBERS OF COMMODITY EXCHANGE, INC.

The Annual Meeting of Members of Commodity Exchange, Inc. (“COMEX”) will be held on Tuesday, March 9, 2010 in the Boardroom of the Exchange, One North End Avenue, New York City.

At that time, the Membership will elect members to fill the following positions:

-       ONE Chairman

(One Two-Year Term)

-       FOUR Representatives of the Membership At-Large

                 (Two Three-Year Terms)

                  (One Two-Year Term)

                 (One One-Year Term)   

The terms of the two At-Large elected Governors who receive the most votes shall expire in 2013; and the term of the one At-Large elected Governor who receives the next greatest amount of votes shall expire in 2012; and the term of the one At-Large elected Governor who receives the next greatest amount of votes shall expire in 2011.

Five (5) other persons will be appointed by the NYMEX Board, at least three (3) of whom shall be COMEX Members who do not lease or license memberships. 

If you wish to stand for election to the COMEX Governors Committee, you must be nominated by petition.  Nominations to serve as a representative on the COMEX Governors Committee, including the Chairman, requires the signature of at least 40 Commodity Exchange, Inc. Members* in good standing.  A blank petition is attached for your convenience.

* ONLY THOSE COMMODITY EXCHANGE, INC. MEMBERS WHO OWN FULL

  COMEX SEATS ARE ELIGIBLE TO SIGN NOMINATING PETITIONS.

Commodity Exchange, Inc. Members wishing to seek election to the COMEX Governors Committee must submit their duly executed petitions to Donna Talamo, Director, COMEX, One North End Avenue, Room 1548, New York, NY 10282 NO LATER THAN 5:00 PM. ON FRIDAY, FEBRUARY 5, 2010.

Please note that subsequent to receipt of petitions by the Office of the Corporate Secretary, notice of the Annual Meeting of Commodity Exchange, Inc. Members will be promptly distributed to the COMEX Membership.

Should you have any questions regarding the foregoing, please contact Donna Talamo, Director – Office of the Corporate Secretary & NYMEX/COMEX Member Services, at (212) 299-2372.

Attachments

P E T I T I O N

FOR NOMINATION TO RUN AS A CANDIDATE

FOR ELECTION TO THE COMEX GOVERNORS COMMITTEE

We, the undersigned Members of Commodity Exchange, Inc., hereby nominate _________________ to run for Chairman of the COMEX Governors Committee:

  1.  ______________________________     26.  ______________________________

  2.  ______________________________     27.  ______________________________

  3.  ______________________________     28.  ______________________________

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P E T I T I O N

FOR NOMINATION TO RUN AS A CANDIDATE

FOR ELECTION TO THE COMEX GOVERNORS COMMITTEE

We, the undersigned Members of Commodity Exchange, Inc., hereby nominate _________________ to run for At-Large election to the COMEX Governors Committee:

  1.  ______________________________     26.  ______________________________

  2.  ______________________________     27.  ______________________________

  3.  ______________________________     28.  ______________________________

  4.  ______________________________     29.  ______________________________

  5.  ______________________________     30.  ______________________________

  6.  ______________________________     31.  ______________________________

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 10.  ______________________________    35.  ______________________________

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 24.  ______________________________    49.  ______________________________

 25.  ______________________________    50.  ______________________________