REGISTRATION RIGHTS AGREEMENT by and among RAM Holdings Ltd. and Merrill Lynch & Co. Merrill Lynch, Pierce, Fenner & Smith Incorporated Dated as of December 14, 2006Registration Rights Agreement • December 14th, 2006 • RAM Holdings Ltd. • Surety insurance • New York
Contract Type FiledDecember 14th, 2006 Company Industry JurisdictionThis Registration Rights Agreement (this “Agreement”) is made and entered into as of December 14, 2006, by and among RAM Holdings Ltd., a Bermuda exempted company (the “Company”), and Merrill Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated (the “Initial Purchaser”), who have entered that certain Purchase Agreement (as defined below) with the Company providing for the purchase and sale of the Company’s Non-Cumulative Preference Shares, Series A (the “Initial Securities”).
RecitalsRAM Holdings Ltd. • December 14th, 2006 • Surety insurance
Company FiledDecember 14th, 2006 Industryelects to so provide in the terms of such securities) permit the Company to use such proceeds for other purposes and to continue to defer Distributions without a breach of its obligations under the transaction documents; and