0000950136-06-004286 Sample Contracts

ASPEN INSURANCE HOLDINGS LIMITED NON-EMPLOYEE DIRECTOR NONQUALIFIED SHARE OPTION AGREEMENT
Nonqualified Share Option Agreement • May 26th, 2006 • Aspen Insurance Holdings LTD • Fire, marine & casualty insurance

THIS AGREEMENT (the ‘‘Agreement’’), is made effective as of the day of , 2006 (hereinafter called the ‘‘Date of Grant’’), between Aspen Insurance Holdings Limited, a Bermuda corporation (hereinafter called the ‘‘Company’’), and (hereinafter called the ‘‘Participant’’):

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