July 19, 2017 CONFIDENTIALTier Ii Commitment • July 20th, 2017 • Ambac Financial Group Inc • Surety insurance
Reference is made to the term sheet attached hereto as Annex I (the “Term Sheet”), relating to the issuance by Ambac Assurance Corporation (the “Issuer”) of its notes secured by certain proceeds of the RMBS Litigations as further described in the Term Sheet (the “Notes”). Capitalized terms used herein without definition shall have the meanings given to them in the Term Sheet.
