0000930413-08-004524 Sample Contracts

COMMUTATION AGREEMENT
Commutation Agreement • July 29th, 2008 • RAM Holdings Ltd. • Surety insurance

This Commutation Agreement (“Agreement”) is entered into as of July 25, 2008 (the “Effective Date”) by and between XL Financial Assurance Ltd., a Bermuda exempted company (“XLFA”), and RAM Reinsurance Company Ltd., a Bermuda exempted company (“RAM Re”). XLFA and RAM Re are hereinafter referred to collectively as the “Parties” and individually as a “Party”.

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