0000874501-18-000065 Sample Contracts

AMBAC FINANCIAL GROUP, INC. RESTRICTED STOCK UNIT AGREEMENT
Restricted Stock Unit Agreement • May 9th, 2018 • Ambac Financial Group Inc • Surety insurance • New York

Effective as of [Date], 2018 (the “Grant Date”), [Name] (the “Participant”) has been granted a Full Value Award under the 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, in the form of restricted stock units. In addition to the terms and conditions of the Incentive Plan and the LTIP, the Award shall be subject to the following terms and conditions (sometimes referred to as this “Agreement”).

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AMBAC FINANCIAL GROUP, INC. PERFORMANCE STOCK UNIT AGREEMENT FOR LONG-TERM INCENTIVE COMPENSATION AWARD (Executive Officers with Employment Agreements)
Performance Stock Unit Agreement • May 9th, 2018 • Ambac Financial Group Inc • Surety insurance • New York

Effective as of [Date], 2018 (the “Grant Date”), [Name] (the “Participant”) has been granted an Award under the 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 Award, which shall consist of a Full Value Award in the form of performance stock units (“Performance Stock Units”). In addition to the terms and conditions of the Incentive Plan and the LTIP, the Award shall be subject to the following terms and conditions (sometimes referred to as this “Agreement”).

AMBAC FINANCIAL GROUP, INC. DEFERRED SHARE UNIT AGREEMENT
Deferred Share Unit Agreement • May 9th, 2018 • Ambac Financial Group Inc • Surety insurance • New York

[Name] (the “Participant”) has been granted a Full Value Award under the Ambac Financial Group, Inc. Incentive Compensation Plan (the “Plan”) in the form of deferred share units (the “Award”). The Award shall be effective as of [DATE] (the “Grant Date”). The Award shall be subject to the following terms and conditions (sometimes referred to as this “Agreement”).

AMBAC FINANCIAL GROUP, INC. RESTRICTED STOCK UNIT AGREEMENT FOR LONG-TERM INCENTIVE COMPENSATION AWARD
Restricted Stock Unit Agreement • May 9th, 2018 • Ambac Financial Group Inc • Surety insurance • New York

Effective as of [Date], 2018 (the “Grant Date”), [Name] (the “Participant”) has been granted a Full Value Award under the 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, in the form of restricted stock units. In addition to the terms and conditions of the Incentive Plan and the LTIP, the Award shall be subject to the following terms and conditions (sometimes referred to as this “Agreement”).

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