0001104659-08-062335 Sample Contracts

Greg Johnson [address withheld] Dear Greg:
Severance Agreement • October 6th, 2008 • First Marblehead Corp • Personal credit institutions • Massachusetts

In connection with the termination of your employment with The First Marblehead Corporation (the “Company”) on September 30, 2008, you are eligible to receive the severance benefits described in the “Description of Severance Benefits” attached to this letter agreement as Attachment A if you sign and return this letter agreement to me no earlier than September 30, 2008 but by October 6, 2008 and it becomes binding between you and the Company. You acknowledge, however, that this letter agreement shall not be binding on the Company unless and until all required regulatory approvals have been received. By signing and returning this letter agreement, you will be entering into a binding agreement with the Company and will be agreeing to the terms and conditions set forth in the numbered paragraphs below, including the release of claims set forth in paragraph 3. Therefore, you are advised to consult with an attorney before signing this letter agreement and you may take up to twenty-one (21) d

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Anne Bowen [address withheld] Dear Anne:
Severance Agreement • October 6th, 2008 • First Marblehead Corp • Personal credit institutions • Massachusetts

In connection with the termination of your employment with The First Marblehead Corporation (the “Company”) on September 30, 2008, you are eligible to receive the severance benefits described in the “Description of Severance Benefits” attached to this letter agreement as Attachment A if you sign and return this letter agreement to me no earlier than September 30, 2008 but by October 6, 2008 and it becomes binding between you and the Company. You acknowledge, however, that this letter agreement shall not be binding on the Company unless and until all required regulatory approvals have been received. By signing and returning this letter agreement, you will be entering into a binding agreement with the Company and will be agreeing to the terms and conditions set forth in the numbered paragraphs below, including the release of claims set forth in paragraph 3. Therefore, you are advised to consult with an attorney before signing this letter agreement and you may take up to twenty-one (21) d

John A. Hupalo [address withheld] Dear John:
Severance Agreement • October 6th, 2008 • First Marblehead Corp • Personal credit institutions • Massachusetts

In connection with the termination of your employment with The First Marblehead Corporation (the “Company”) on September 30, 2008, you are eligible to receive the severance benefits described in the “Description of Severance Benefits” attached to this letter agreement as Attachment A if you sign and return this letter agreement to me no earlier than September 30, 2008 but by October 13, 2008 and it becomes binding between you and the Company. You acknowledge, however, that this letter agreement shall not be binding on the Company unless and until all required regulatory approvals have been received. By signing and returning this letter agreement, you will be entering into a binding agreement with the Company and will be agreeing to the terms and conditions set forth in the numbered paragraphs below, including the release of claims set forth in paragraph 3. Therefore, you are advised to consult with an attorney before signing this letter agreement and you may take up to twenty-one (21)

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