COLLATERAL AGREEMENT made by SITKA HOLDINGS, LLC, in favor of THE BANK OF NEW YORK MELLON as Note Collateral Agent and Trustee DATED AS OF July 6, 2021Collateral Agreement • July 6th, 2021 • Ambac Financial Group Inc • Surety insurance • New York
COLLATERAL AGREEMENT, dated as of July 6, 2021, between Sitka Holdings, LLC, a limited liability company formed under the laws of the Cayman Islands (the “Company”), and The Bank of New York Mellon, as Trustee and Note Collateral Agent (in such capacity, and together with its successors and assigns in such capacity, the “Note Collateral Agent”) for the Secured Parties (as such term is defined herein).
SITKA HOLDINGS, LLC as Issuer and THE BANK OF NEW YORK MELLON as Trustee and Note Collateral Agent INDENTURE DATED AS OF JULY 6, 2021 PROVIDING FOR THE ISSUANCE OF FLOATING RATE SENIOR SECURED NOTESIndenture • July 6th, 2021 • Ambac Financial Group Inc • Surety insurance • New York
INDENTURE, dated as of July 6, 2021 (as amended, supplemented or otherwise modified from time to time, this “Indenture”), between Sitka Holdings, LLC, a limited liability company formed under the laws of the Cayman Islands and wholly owned by AFGI (as defined below), as issuer, and The Bank of New York Mellon, as Trustee and Note Collateral Agent.
PROMISSORY NOTE AND SECURITY AGREEMENTPromissory Note and Security Agreement • July 6th, 2021 • Ambac Financial Group Inc • Surety insurance • New York
FOR VALUE RECEIVED, the undersigned, Ambac Assurance Corporation, a Wisconsin-domiciled insurance company (the “Ambac Note Issuer”), hereby promises to pay to Sitka Holdings, LLC, a Cayman Islands limited liability company (together with its successors or assigns, the “Holder”), One Billion, One Hundred Seventy-Five Million Dollars ($1,175,000,000), together with interest, as described below. Reference is made herein to that certain Indenture (the “Secured Notes Indenture”), dated as of the date hereof (the “Issue Date”), by and between the Holder, as issuer and The Bank of New York Mellon, as Trustee and Note Collateral Agent (the “Note Collateral Agent”); capitalized terms used herein but not otherwise defined shall have the meaning given to such terms in the Secured Notes Indenture on the Issue Date.
