0001193125-10-046168 Sample Contracts

RADIAN GROUP INC. RESTRICTED STOCK AWARD AGREEMENT
Restricted Stock Award Agreement • March 3rd, 2010 • Radian Group Inc • Surety insurance

THIS RESTRICTED STOCK AWARD AGREEMENT, dated as of May 13, 2009 (the “Grant Date”), is delivered by RADIAN GROUP INC., a Delaware corporation (the “Company”), to Sanford A. Ibrahim, an employee of the Company or one of its Subsidiaries (the “Grantee”).

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RADIAN GROUP INC. STOCK APPRECIATION RIGHT AGREEMENT
Stock Appreciation Right Agreement • March 3rd, 2010 • Radian Group Inc • Surety insurance

This STOCK APPRECIATION RIGHT AGREEMENT, dated as of May 13, 2009 (the “Date of Grant”), is delivered by Radian Group Inc., a Delaware corporation (the “Company”), to Sanford A. Ibrahim, an employee of the Company or one of its Subsidiaries (the “Grantee”).

February 10, 2010 Mr. Sanford A. Ibrahim Radian Group Inc. Philadelphia, PA 19103
Radian Group Inc • March 3rd, 2010 • Surety insurance

You and Radian Group, Inc. (the “Company”) are parties to Restricted Stock Award Agreements dated August 7, 2008 and May 8, 2007, and Stock Option Agreements dated August 7, 2008, February 6, 2006 and May 5, 2005 (together, the “Equity Agreements”). The Company has determined that it is appropriate to amend the Equity Agreements to align their terms with the terms of the Employment Agreement between you and the Company dated May 5, 2008, with respect to the treatment of equity awards in the event of your separation from service with the Company after completing five years of service, or due to your death or disability.

Contract
Radian Group Inc • March 3rd, 2010 • Surety insurance
Contract
Radian Group Inc • March 3rd, 2010 • Surety insurance
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