0001047469-09-001890 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • February 26th, 2009 • Assured Guaranty LTD • Surety insurance • New York

THIS AGREEMENT was initially made and entered into as of the 28th day of April, 2004 (the “Original Effective Date”) by and between, Assured Guaranty Corp., a Maryland corporation (referred to as the “Company”), and Michael J. Schozer (the “Executive”); and the provisions set forth herein constitute an amendment, restatement and continuation of this Agreement as in effect immediately prior to January 1, 2009 (the “Amendment Effective Date”).

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Non-Qualified Stock Option Agreement under Assured Guaranty Ltd. 2004 Long-Term Incentive Plan
Non-Qualified Stock Option Agreement • February 26th, 2009 • 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

Restricted Stock Unit Agreement under Assured Guaranty Ltd. 2004 Long-Term Incentive Plan
Restricted Stock Unit Agreement • February 26th, 2009 • 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”).

EMPLOYMENT AGREEMENT
Employment Agreement • February 26th, 2009 • Assured Guaranty LTD • Surety insurance

THIS AGREEMENT was initially made and entered into as of October 5, 2006 (the “Original Effective Date”) by and between Assured Guaranty Ltd. (“AGL”), a Bermuda company, Assured Guaranty Corp. (“AGC”), a Maryland corporation (collectively referred to as the “Company”), and Robert Bailenson (the “Executive”); and the provisions set forth herein constitute an amendment, restatement, and continuation of this Agreement as in effect immediately prior to January 1, 2009 (the “Amendment Effective Date”).

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