0001193125-10-080450 Sample Contracts

MANAGEMENT SERVICES AGREEMENT
Management Services Agreement • April 9th, 2010 • Ambac Financial Group Inc • Surety insurance • Wisconsin

MANAGEMENT SERVICES AGREEMENT, dated as of March 24, 2010 (this “Agreement”), between the Segregated Account of Ambac Assurance Corporation (the “Segregated Account”) and Ambac Assurance Corporation (the “Management Services Provider”).

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AGGREGATE EXCESS OF LOSS REINSURANCE AGREEMENT
Aggregate Excess of Loss Reinsurance Agreement • April 9th, 2010 • Ambac Financial Group Inc • Surety insurance • Wisconsin

This AGGREGATE EXCESS OF LOSS REINSURANCE AGREEMENT (this “Agreement”), dated as of March 24, 2010, is entered into by and between the Segregated Account of Ambac Assurance Corporation, a segregated account of Ambac Assurance Corporation established as of March 24, 2010 (“Ceding Company”), as ceding company, and Ambac Assurance Corporation, a Wisconsin domiciled financial guaranty insurance corporation (“Reinsurer”), as reinsurer.

RETENTION AGREEMENT
Retention Agreement • April 9th, 2010 • Ambac Financial Group Inc • Surety insurance • New York

RETENTION AGREEMENT, dated as of January 28, 2010 (the “Retention Agreement”), by and between Ambac Financial Group, Inc., a Delaware corporation (the “Company”), and (the “Executive”).

COOPERATION AGREEMENT
Cooperation Agreement • April 9th, 2010 • Ambac Financial Group Inc • Surety insurance • Wisconsin

COOPERATION AGREEMENT, dated as of March 24, 2010 (this “Agreement”), by and between the Segregated Account of Ambac Assurance Corporation (the “Segregated Account”), and Ambac Assurance Corporation (“Ambac”).

December 31, 2009 Mr. Robert G. Shoback Basking Ridge, NJ 07920 Dear Bob:
Waiver and General Release Agreement • April 9th, 2010 • Ambac Financial Group Inc • Surety insurance • New York

This agreement (the “Agreement”) sets forth our agreement concerning the terms and conditions of your termination from employment at Ambac Financial Group, Inc. (“Ambac” or the “Company”).

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