SETTLEMENT AGREEMENT AND RELEASESettlement Agreement and Release • March 1st, 2023 • Ambac Financial Group Inc • Surety insurance
This settlement agreement and release (the “Agreement”) is made as of this 29th day of December, 2022 (the “Effective Date”), by and among Ambac Assurance Corporation (“Ambac”) and Nomura Credit & Capital, Inc. (“NCCI”), to resolve all disputes in any way related to the Covered Securities and the Action (each as defined below). Ambac and NCCI are each a “Party” and, together, the “Parties” to this Agreement.
AMENDED AND RESTATED EXPENSE SHARING AND COST ALLOCATION AGREEMENTExpense Sharing and Cost Allocation Agreement • March 1st, 2023 • Ambac Financial Group Inc • Surety insurance • Wisconsin
This Amended and Restated Expense Sharing and Cost Allocation Agreement (this “Agreement”), is entered into as of May 1, 2021 (the “Effective Date”) by and among Ambac Assurance Corporation, a Wisconsin stock insurance corporation (“Ambac”), Ambac Financial Group, Inc. (“AFGI”) and their respective subsidiaries and affiliates listed on Schedule A attached hereto and made a part hereof, as such Schedule A may be amended from time to time (together with Ambac and AFGI, the “Affiliates”).
SETTLEMENT AGREEMENT AND RELEASESettlement Agreement and Release • March 1st, 2023 • Ambac Financial Group Inc • Surety insurance • New York
This Settlement Agreement and Release (together with the exhibits hereto, this “Agreement” or “Settlement Agreement”) signed and effective as of October 6, 2022 (the “Execution Date”) is entered into by and among Bank of America Corporation (“BAC”) and Bank of America, N.A. (“BANA,” and together with BAC, “Bank of America”), and Countrywide Financial Corporation (“CFC”), Countrywide Home Loans, Inc. (“CHL”) and Countrywide Securities Corporation (“CSC,” and together with CFC and CHL, “Countrywide”), and Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”), Merrill Lynch Mortgage Lending, Inc. (“MLML”), and Merrill Lynch Mortgage Investors, Inc. (“MLMI,” and together with MLPF&S and MLML, “Merrill Lynch”), and First Franklin Financial Corporation (“FFFC” or “First Franklin,” and together with Bank of America, Countrywide, and Merrill Lynch, “Defendants”) on the one hand, and Ambac Assurance Corporation (on its own behalf and as successor to The Segregated Account of Ambac Assur
