0000874501-16-000126 Sample Contracts

AMBAC FINANCIAL GROUP, INC. LONG-TERM INCENTIVE COMPENSATION AGREEMENT
Ambac Financial • February 29th, 2016 • Ambac Financial Group Inc • Surety insurance • New York

Effective as of March 4, 2015 (the “Grant Date”), [ ] (the “Participant”) has been granted Awards under Ambac Financial Group, Inc. Incentive Compensation Plan (the “Incentive Plan”) and in accordance with the Ambac Financial Group, Inc. Long-Term Incentive Compensation Plan (the “LTIP”) which is a subplan to the Incentive Plan. This Agreement evidences the Awards which shall consist of (a) a Full Value Award in the form of performance stock units (“Performance Stock Units”) and (b) a Cash Incentive Award. In addition to the terms and conditions of the Incentive Plan and the LTIP, the Awards shall be subject to the following terms and conditions (sometimes referred to as this “Agreement”).

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MODIFICATION OF LEASE
Modification of Lease • February 29th, 2016 • Ambac Financial Group Inc • Surety insurance

THIS MODIFICATION OF LEASE (this “Modification of Lease”) made as of the 8th day of September , 2015 (the “Effective Date”) between ONE STATE STREET, LLC, a New York limited liability company, having an office at One State Street Plaza, New York, New York 10004 (“Landlord”), and AMBAC ASSURANCE CORPORATION, a corporation established under the laws of the State of Wisconsin, having an office at One State Street Plaza, New York, New York 10004 (“Tenant”).

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