STOCK REPURCHASE AND WAIVER AGREEMENTStock Repurchase and Waiver Agreement • April 27th, 2005 • Nasdaq Stock Market Inc • Security & commodity brokers, dealers, exchanges & services • New York
This Stock Repurchase and Waiver Agreement is made and entered into as of April 21, 2005 (this “Agreement”) by and between The Nasdaq Stock Market, Inc., a Delaware corporation (“Nasdaq”), and National Association of Securities Dealers, Inc., a Delaware non-profit corporation (“NASD”), and relates to shares of Nasdaq’s Series C Cumulative Preferred Stock, par value $.01 per share (“Series C Stock”), issued to NASD pursuant to the Exchange Agreement dated as of November 29, 2004 between Nasdaq and NASD (the “Exchange Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Exchange Agreement.
