Common Contracts

SETTLEMENT, DISCONTINUANCE AND RELEASE AGREEMENT

Settlement, Discontinuance and Release Agreement • March 15th, 2011 • Wisconsin

• Contract Type
  Settlement, Discontinuance and Release Agreement
• Filed
  March 15th, 2011
• Jurisdiction
  Wisconsin

made as of March 1, 2011 by and among ONE STATE STREET, LLC ("OSS"), AMBAC FINANCIAL GROUP, INC., a Delaware corporation, as debtor in possession ("AFG"), AMBAC ASSURANCE CORPORATION, a Wisconsin insurance company (“Ambac”), and the SEGREGATED ACCOUNT OF AMBAC ASSURANCE CORPORATION (the "Segregated Account"; and together with AFG and Ambac, collectively the “Ambac Parties” and each individually an “Ambac Party”). OSS and the Ambac Parties are also referred to herein each as a “Party” and collectively as the “Parties.”