Common use of Recapitalization, etc Clause in Contracts

Recapitalization, etc. In the event that any capital stock or other securities are issued in respect of, in exchange for, or in substitution of, any Shares by reason of any reorganization, recapitalization, reclassification, merger, consolidation, spin-off, partial or complete liquidation, stock dividend, split-up, sale of assets, distribution to Stockholders or combination of the Shares or any other change in the Company’s capital structure, appropriate adjustments shall be made to the provisions of this Agreement so as to fairly and equitably preserve, as far as practicable, the original rights and obligations of the parties hereto under this Agreement. IN WITNESS WHEREOF, the undersigned, thereunto duly authorized, have hereunto set their respective hands as of the day and year first above written. THE COMPANY: INTERNATIONAL SECURITIES EXCHANGE, INC. By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇ Secretary [NAME OF STOCKHOLDER] By: Name: Title: ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ Bear, ▇▇▇▇▇▇▇ & Co. Inc. ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Bear ▇▇▇▇▇▇ Specialists LLC ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ The ▇▇▇▇▇▇▇ Sachs Group, Inc. ▇▇▇▇▇ ▇▇▇▇▇▇ Strategic Investments I. Inc. R. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ DB US Financial Markets Holding Corporation ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇▇ Securities Inc. ▇. ▇. ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ Scottrade, Inc. ▇▇▇▇▇▇ ▇▇▇▇▇ SLK-Hull Derivatives LLC ▇▇▇▇▇ ▇▇▇▇▇▇ Wolverine Trading, L.P. ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ 771 Venture ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Family Trust ▇▇▇▇▇▇▇ ▇▇▇▇▇ Continental Capital Corporation ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ▇▇▇▇ E*Trade Group, Inc. ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Idle Day Associates, L.P. ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇. & ▇▇▇▇▇ ▇. ▇▇▇▇▇ Inter Vivos Trust dated August 16, 1993 ▇▇▇▇▇▇ ▇. ▇▇▇▇▇, ▇▇▇▇▇ ▇. ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇. & ▇▇▇▇ ▇. ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇. & ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇. & Stephenie ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇. & ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇. ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇ 1997 Grandchildren’s Trust ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇. & ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Living Trust ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇. & ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ as Trustees of the ▇▇▇▇▇▇▇▇ Family Trust date 12/15/98 ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇

Recapitalization, etc. In the event that any capital stock or other securities are issued in respect of, in exchange for, or in substitution of, any Shares by reason of any reorganization, recapitalization, reclassification, merger, consolidation, spin-off, partial or complete liquidation, stock dividend, split-up, sale of assets, distribution to Stockholders or combination of the Shares or any other change in the Company’s capital structure, appropriate adjustments shall be made to the provisions of this Agreement so as to fairly and equitably preserve, as far as practicable, the original rights and obligations of the parties hereto under this Agreement. IN WITNESS WHEREOF, the undersigned, thereunto duly authorized, have hereunto set their respective hands as of the day and year first above written. THE COMPANY: INTERNATIONAL SECURITIES EXCHANGE, INC. By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇ Secretary [NAME OF STOCKHOLDER] By: Name: Title: ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ Bear, ▇▇▇▇▇▇▇ & Co. Inc. ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Bear ▇▇▇▇▇▇ Specialists LLC ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ The ▇▇▇▇▇▇▇ Sachs Group, Inc. ▇▇▇▇▇ ▇▇▇▇▇▇ Strategic Investments I. Inc. R. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Deutsche Bank Securities Inc. ▇▇▇▇ ▇▇▇▇▇▇▇▇ DB US Financial Markets Holding Corporation ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇▇ Securities Inc. ▇. ▇. ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Financial Products LLC ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Scottrade, Inc. ▇▇▇▇▇▇ ▇▇▇▇▇ SLK-Hull Derivatives LLC ▇▇▇▇▇ ▇▇▇▇▇▇ Wolverine Trading, L.P. ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ 771 Venture ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Family Trust ▇▇▇▇▇▇▇ ▇▇▇▇▇ Continental Capital Corporation ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ▇▇▇▇ E*Trade Group, Inc. ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Idle Day Associates, L.P. ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇. & ▇▇▇▇▇ ▇. ▇▇▇▇▇ Inter Vivos Trust dated August 16, 1993 ▇▇▇▇▇▇ ▇. ▇▇▇▇▇, ▇▇▇▇▇ ▇. ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇. & ▇▇▇▇ ▇. ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇. & ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇. & Stephenie ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇. & ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇. ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇ 1997 Grandchildren’s Trust ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇. & ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Living Trust ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇. & ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ as Trustees of the ▇▇▇▇▇▇▇▇ Family Trust date 12/15/98 ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇