0001104659-04-034615 Sample Contracts

Non-Qualified Stock Option Agreement under Assured Guaranty Ltd. 2004 Long-Term Incentive Plan
Non-Qualified Stock Option Agreement • November 9th, 2004 • Assured Guaranty LTD • Surety insurance

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

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Restricted Stock Agreement under Assured Guaranty Ltd. 2004 Long-Term Incentive Plan
Restricted Stock Agreement • November 9th, 2004 • Assured Guaranty LTD • Surety insurance

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

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Restricted Stock Agreement under Assured Guaranty Ltd. 2004 Long-Term Incentive Plan
Restricted Stock Agreement • November 9th, 2004 • Assured Guaranty LTD • Surety insurance

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

Sample 1Sample 2Sample 3
Non-Qualified Stock Option Agreement under Assured Guaranty Ltd. 2004 Long-Term Incentive Plan
Non-Qualified Stock Option Agreement • November 9th, 2004 • Assured Guaranty LTD • Surety insurance

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

Sample 1Sample 2Sample 3
Restricted Stock Agreement for Outside Directors under Assured Guaranty Ltd. 2004 Long-Term Incentive Plan(1)
Restricted Stock Agreement • November 9th, 2004 • 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”):

Sample 1Sample 2Sample 3
Restricted Stock Unit Agreement for Outside Directors under Assured Guaranty Ltd. 2004 Long-Term Incentive Plan(1)
Restricted Stock Unit Agreement • November 9th, 2004 • 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”):

Sample 1Sample 2Sample 3
STANDBY LETTER OF CREDIT AGREEMENT
Standby Letter of Credit Agreement • November 9th, 2004 • Assured Guaranty LTD • Surety insurance • New York

ASSURED GUARANTY RE OVERSEAS LTD., a company organized under the laws of Bermuda (with its successors and assigns, “AGRO”), and

Sample 1
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