0000950123-10-018073 Sample Contracts

AMENDMENT NO. 2 TO THE EMPLOYMENT AGREEMENT
The Employment Agreement • February 26th, 2010 • Aspen Insurance Holdings LTD • Fire, marine & casualty insurance

THIS AMENDMENT NO. 2 (the “Amendment”) to the Employment Agreement (the “Agreement”), dated as of the 12th day of January, 2004 and amended effective as of the 5th day of February, 2008, further amended as of the 28th day of October, 2008, and further amended as of the 31st day of December, 2008, between Aspen Insurance U.S. Services, Inc., a Delaware corporation (the “Employer”), and Brian M. Boornazian (the “Executive”), is made effective as of the 8th day of February, 2010:

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ASPEN INSURANCE HOLDINGS LIMITED 2003 SHARE INCENTIVE PLAN AMENDMENT NO. 2 TO THE 2007 PERFORMANCE SHARE AWARD AGREEMENT
Performance Share Award Agreement • February 26th, 2010 • Aspen Insurance Holdings LTD • Fire, marine & casualty insurance

THIS AMENDMENT NO. 2 (the “Amendment”) to the 2007 Performance Share Award Agreement (the “Agreement”), is made effective as of the 27th day of October, 2009, between Aspen Insurance Holdings Limited, a Bermuda corporation (the “Company”), and _______ (the “Participant”).

ASPEN INSURANCE HOLDINGS LIMITED 2003 SHARE INCENTIVE PLAN AMENDMENT TO THE RESTRICTED SHARE UNIT AWARD AGREEMENT
Restricted Share Unit Award Agreement • February 26th, 2010 • Aspen Insurance Holdings LTD • Fire, marine & casualty insurance

THIS AMENDMENT (the “Amendment”) to the Restricted Share Unit Award Agreement (the “Agreement”), is made effective as of the 27th day of October, 2009, between Aspen Insurance Holdings Limited, a Bermuda corporation (the “Company”), and Richard Houghton (the “Participant”).

ASPEN INSURANCE HOLDINGS LIMITED 2003 SHARE INCENTIVE PLAN AMENDMENT TO THE 2007 NONQUALIFIED SHARE OPTION AGREEMENT
Nonqualified Share Option Agreement • February 26th, 2010 • Aspen Insurance Holdings LTD • Fire, marine & casualty insurance

THIS AMENDMENT (the “Amendment”) to the 2007 Nonqualified Share Option Agreement (the “Agreement”), is made effective as of the 27th day of October, 2009, between Aspen Insurance Holdings Limited, a Bermuda corporation (the “Company”), and (the “Participant”).

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