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NDAQ » Topics » Demand Registrations

This excerpt taken from the NDAQ 8-K filed Mar 3, 2008.

Demand Registrations

Following the 12 month anniversary of the date of the Registration Rights Agreement, each of Borse Dubai and the Trust will have the right to demand registration of the shares of Nasdaq Common Stock that it receives. Pursuant to the Registration Rights Agreement, each of Borse Dubai and the Trust may only demand registration for sales of Nasdaq Common Stock having a value (based on the average closing sale price per share of Nasdaq Common Stock for the 10 trading days preceding the registration request) of not less than $50 million. Borse Dubai will be entitled to six demand registrations and the Trust will be entitled to three demand registrations, each subject to certain exceptions.

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