0000930413-08-006742 Sample Contracts

FOURTH AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • November 17th, 2008 • RAM Holdings Ltd. • Surety insurance • New York

EMPLOYMENT AGREEMENT (hereinafter the “Agreement”) amended and restated effective November 11, 2008 by and among RAM HOLDINGS LTD., a Bermuda exempted company (“Holding”), RAM REINSURANCE COMPANY LTD., a Bermuda company (the “Company”), and JAMES P. GERRY (the “Executive”).

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FORM OF RAM HOLDINGS LTD. AMENDED AND RESTATED 2006 EQUITY PLAN NOTICE OF RESTRICTED SHARE UNIT GRANT AND RESTRICTED SHARE UNIT AWARD AGREEMENT NOTICE OF RESTRICTED SHARE UNIT GRANT
Restricted Share Unit Award Agreement • November 17th, 2008 • RAM Holdings Ltd. • Surety insurance

RAM Holdings Ltd., a Bermuda exempted company (“RAM”), grants to the Grantee named below restricted share units (the “RSUs”), in accordance with the terms of the RAM Holdings Ltd. Amended and Restated 2006 Equity Plan (the “Plan”) and this restricted share unit award agreement (the “Award Agreement”) on the terms set forth below:

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