Common use of Operational Milestones Clause in Contracts

Operational Milestones. TradeBlock will use commercially reasonable efforts to achieve the following operational milestones by the specified deadlines; provided, however, that failure to achieve any of these milestones by the specified deadline shall not be a breach of this Order (or the Agreement), but will be pertinent to both (i) the associated fee discounts specified on the table below (and in Section 6 below) and (ii) Licensee’s right to terminate this Order (and the Agreement) early as set forth below. Certain confidential information contained in this document, marked by [**], has been omitted because the Registrant has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Registrant if publicly disclosed. Certain confidential information contained in this document, marked by [**], has been omitted because the Registrant has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Registrant if publicly disclosed. CoinDesk Indices, Inc. 000 Xxxx Xxxxxx Xxxxx, 0xx Xxxxx Xxx Xxxx, XX 00000 Operational Milestone Deadline Discount Begin compliance process for SOC 2 Type 2 report June 30, 2021 [** ] Establish index governance committee July 31, 2021 [** ] Obtain SOC 1 Type 2 and SOC 2 Type 2 reports For the period ended 12/31/21 (Delivery Q1 2023) [** ] Notwithstanding anything to the contrary in this Order (or the Agreement), if all of the operational milestones specified on the table above are not achieved by TradeBlock by the second anniversary of the Start Date of this Order, then Licensee may terminate this Order (and the Agreement) immediately upon written notice to TradeBlock.

Operational Milestones. TradeBlock will use commercially reasonable efforts to achieve the following operational milestones by the specified deadlines; provided, however, that failure to achieve any of these milestones by the specified deadline shall not be a breach of this Order (or the Agreement), but will be pertinent to both (i) the associated fee discounts specified on the table below (and in Section 6 below) and (ii) Licensee’s right to terminate this Order (and the Agreement) early as set forth below. Certain confidential information contained in this document, marked by [**], has been omitted because the Registrant has determined that the information (i) is not material and (ii) would likely cause competitive harm to is of the Registrant if publicly disclosedtype that the registrant treats as private or confidential. Certain confidential information contained in this document, marked by [**], has been omitted because the Registrant has determined that the information (i) is not material and (ii) would likely cause competitive harm to is of the Registrant if publicly disclosedtype that the registrant treats as private or confidential. CoinDesk Indices, Inc. 000 Xxxx Xxxxxx Xxxxx, 0xx Xxxxx Xxx XxxxFloor New York, XX 00000 NY 10003 Operational Milestone Deadline Discount Begin compliance process for SOC 2 Type 2 report June 30, 2021 [** ] Establish index governance committee July 31, 2021 [** ] Obtain SOC 1 Type 2 and SOC 2 Type 2 reports For the period ended 12/31/21 (Delivery Q1 2023) [** ] Notwithstanding anything to the contrary in this Order (or the Agreement), if all of the operational milestones specified on the table above are not achieved by TradeBlock by the second anniversary of the Start Date of this Order, then Licensee may terminate this Order (and the Agreement) immediately upon written notice to TradeBlock.

Operational Milestones. TradeBlock will use commercially reasonable efforts to achieve the following operational milestones by the specified deadlines; provided, however, that failure to achieve any of these milestones by the specified deadline shall not be a breach of this Order (or the Agreement), but will be pertinent to both (i) the associated fee discounts specified on the table below (and in Section 6 below) and (ii) Licensee’s right to terminate this Order (and the Agreement) early as set forth below. Certain confidential information contained in this document, marked by [**], has been omitted because the Registrant has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Registrant if publicly disclosed. Certain confidential information contained in this document, marked by [**], has been omitted because the Registrant has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Registrant if publicly disclosed. CoinDesk Indices, Inc. 000 Xxxx Xxxxxx Xxxxx, 0xx Xxxxx Xxx Xxxx, XX 00000 table below (and in Section 6 below) and (ii) Licensee’s right to terminate this Order (and the Agreement) early as set forth below. Operational Milestone Deadline Discount Begin compliance process for SOC 2 Type 2 report June 30, 2021 [** *] Establish index governance committee July 31, 2021 [** *] Obtain SOC 1 Type 2 and SOC 2 Type 2 reports For the period ended 12/31/21 (Delivery Q1 2023) [** *] Notwithstanding anything to the contrary in this Order (or the Agreement), if all of the operational milestones specified on the table above are not achieved by TradeBlock by the second anniversary of the Start Date of this Order, then Licensee may terminate this Order (and the Agreement) immediately upon written notice to TradeBlock.