0000950123-09-015576 Sample Contracts

To: [Calamos Employee] From: Gary J. Felsten Date: June 22, 2009 Re: Calamos Asset Management, Inc. (“Calamos”) Offer to Exchange Certain Stock Options for New Stock Options (“Program”) — Election Form/Agreement

Stock Option Exchange Agreement • June 22nd, 2009 • Calamos Asset Management, Inc. /DE/ • Security brokers, dealers & flotation companies • Illinois

• Contract Type
  Stock Option Exchange Agreement
• Filed
  June 22nd, 2009
• Company
  Calamos Asset Management, Inc. /DE/
• Industry
  Security brokers, dealers & flotation companies
• Jurisdiction
  Illinois

Below is a list of your current outstanding eligible stock option grants that may be surrendered for exchange in the Program pursuant to the Offer to Exchange. Please read this election form carefully.