0001047469-08-002033 Sample Contracts

Non-Qualified Stock Option Agreement under Assured Guaranty Ltd. 2004 Long-Term Incentive Plan
Non-Qualified Stock Option Agreement • February 29th, 2008 • Assured Guaranty LTD • Surety insurance

WHEREAS, the Company maintains the Assured Guaranty Ltd. 2004 Long-Term Incentive Plan (the “Plan”), and the Participant has been selected by the committee administering the Plan (the “Committee”) to receive a Non-Qualified Stock Option Award under the Plan; and

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Restricted Stock Agreement for Outside Directors under Assured Guaranty Ltd. 2004 Long-Term Incentive Plan
Restricted Stock Agreement • February 29th, 2008 • Assured Guaranty LTD • Surety insurance

THIS AGREEMENT, entered into as of the Grant Date (as defined in paragraph 1), by and between the Director and Assured Guaranty Ltd. (the “Company”):

Restricted Stock Unit Agreement under Assured Guaranty Ltd. 2004 Long-Term Incentive Plan
Restricted Stock Unit Agreement • February 29th, 2008 • Assured Guaranty LTD • Surety insurance

WHEREAS, the Company maintains the Assured Guaranty Ltd. 2004 Long-Term Incentive Plan (the “Plan”), and the Participant has been selected by the committee administering the Plan (the “Committee”) to receive a Restricted Stock Unit Award under the Plan; and

Restricted Stock Unit Agreement under Assured Guaranty Ltd. 2004 Long-Term Incentive Plan
Restricted Stock Unit Agreement • February 29th, 2008 • Assured Guaranty LTD • Surety insurance

THIS AGREEMENT is effective as of the Grant Date (as defined in paragraph 1), and is by and between the Participant and Assured Guaranty Ltd. (the “Company”).

INVESTMENT AGREEMENT
Investment Agreement • February 29th, 2008 • Assured Guaranty LTD • Surety insurance • New York

INVESTMENT AGREEMENT, dated as of February 28, 2008 (this “Agreement”), between Assured Guaranty Ltd., a Bermuda company (the “Company”), and WLR Recovery Fund IV, L.P., a Delaware limited partnership (the “Investor”).

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