Document:

Exhibit 10.63

 

Restricted Stock
Agreement for

Outside Directors under

Assured Guaranty Ltd.
2004 Long-Term Incentive Plan

 

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”):

 

WITNESSETH THAT:

 

WHEREAS, the Company maintains the Assured Guaranty Ltd. 2004 Long-Term
Incentive Plan (the “Plan”), and the Director has been selected by the
committee administering the Plan (the “Committee”) to receive a Restricted Stock
Award under the Plan; and

 

NOW, THEREFORE, IT IS AGREED, by and between the Company and the
Director, as follows:

 

1.  Terms of Award. 
The following words and phrases used in this Agreement shall have the
meanings set forth in this paragraph 1:

 

(a)                                  The “Director” is                                  .

 

(b)                                 The “Grant Date” is                          .

 

(c)                                  The number of “Covered Shares” shall be                   
shares of Stock.

 

Other words and phrases used in this Agreement are defined pursuant to
paragraph 15 or elsewhere in this Agreement.

 

2.  Restricted Stock Award.  This Agreement specifies the terms of the
“Restricted Stock Award” granted to the Director.

 

3.  Restricted Period.  Subject to the limitations of this Agreement,
the “Restricted Period” for the Covered Shares of the Restricted Stock Award
shall begin on the Grant Date and end on the day immediately prior to the next
annual shareholders meeting during which elections for directors are held
following the Grant Date.

 

The
Restricted Period shall end prior to the date specified above to the extent set
forth below:

 

(a)           The
Restricted Period shall end on the date the  Director ceases
to be a director of the Company (and is not otherwise employed by the Company
or its Subsidiaries), if the Director ceases to be a director by reason of his
Disability or death.  The Director shall
be considered to have a “Disability” if the Nominating and Governance Committee
of the Board of Directors determines that he is unable to serve as a Director
as a result of a medically determinable physical or mental impairment.

 

(b)           The
Restricted Period shall end upon a Change in Control (as defined in the Plan),
provided that such Change in Control occurs on or before the date the  Director
ceases to be a director of the Company.

 

 

 

 

4.  Transfer and Forfeiture of Shares.  If the Restricted Period with respect to the
Covered Shares ends on or before the date the Director ceases to be a director
of the Company, then at the end of such Restricted Period, the Covered Shares
shall be transferred to the Director free of all restrictions.  If the Restricted Period with respect to the
Covered Shares does not end on or before the date the Director ceases to be a
director of the Company, then as of the date the Director ceases to be a
director of the Company, the Director shall forfeit all Covered Shares.(1)

 

5.  Transferability. 
Except as otherwise provided by the Committee, the Restricted Stock
Award may not be sold, assigned, transferred, pledged or otherwise encumbered
during the Restricted Period.

 

6.  Dividends. 
The Director shall be entitled to receive any dividends paid with
respect to the Covered Shares that become payable during the Restricted
Period.  Any dividends shall be payable
to the Director in cash.  The Director
shall not be prevented from receiving dividends and distributions paid on the
Covered Shares of Restricted Stock merely because those shares are subject to
the restrictions imposed by this Agreement and the Plan; provided, however that
no dividends or distributions shall be payable to or for the benefit of the
Director with respect to record dates for such dividends or distributions for
any Covered Shares occurring on or after the date, if any, on which the
Director has forfeited those shares.

 

7.  Voting. 
The Director shall not be prevented from voting the Restricted Stock
Award merely because those shares are subject to the restrictions imposed by
this Agreement and the Plan; provided, however, that the Director shall not be
entitled to vote Covered Shares with respect to record dates for any Covered
Shares occurring on or after the date, if any, on which the Director has
forfeited those shares.

 

8.  Registration of Restricted Stock Award.  Each certificate issued in respect of the
Covered Shares awarded under this Agreement shall be registered in the name of
the Director.

 

9.  Heirs and Successors.  This Agreement shall be binding upon, and
inure to the benefit of, the Company and its successors and assigns, and upon
any person acquiring, whether by merger, consolidation, purchase of assets or
otherwise, all or substantially all of the Company’s assets and business.  If any benefits deliverable to the Director
under this Agreement have not been delivered at the time of the Director’s
death, such benefits shall be delivered to the Designated Beneficiary, in
accordance with the provisions of this Agreement
and the Plan.  The “Designated
Beneficiary” shall be the beneficiary or beneficiaries designated by the
Director in a writing filed with the Committee in such form and at such time as
the Committee shall require.  If a
deceased Director fails to designate a beneficiary, or if the Designated
Beneficiary does not survive the Director, any rights that would have been
exercisable by the Director and any benefits distributable to the Director
shall be distributed to the legal representative of the estate of the
Director.  If a deceased Director
designates a beneficiary and the Designated Beneficiary survives the Director
but dies before the complete distribution of benefits to the Designated
Beneficiary under this Agreement, then any benefits distributable to the
Designated Beneficiary shall be distributed to the legal representative of the
estate of the Designated Beneficiary.

 (1) The award will not continue
to vest if a person ceases to be a Director of the Company but continues to be
an employee of the Company.

 

 

2

 

10.  Administration. 
The authority to manage and control the operation and administration of
this Agreement shall be vested in the Committee, and the Committee shall have
all powers with respect to this Agreement as it has with respect to the
Plan.  Any interpretation of this
Agreement by the Committee and any decision made by it with respect to this
Agreement is final and binding on all persons.

 

11.  Plan Governs. 
Notwithstanding anything in this Agreement to the contrary, this
Agreement shall be subject to the terms of the Plan, a copy of which may be
obtained by the Director from the office of the Secretary of the Company; and
this Agreement is subject to all interpretations, amendments, rules and
regulations promulgated by the Committee from time to time pursuant to the
Plan.

 

12.  Notices.  Any
written notices provided for in this Agreement or the Plan shall be in writing
and shall be deemed sufficiently given if either hand delivered or if sent by
fax or overnight courier, or by postage paid first class mail.  Notices sent by mail shall be deemed received
three business days after mailing but in no event later than the date of actual
receipt.  Notices shall be directed, if
to the Director, at the Director’s address indicated by the Company’s records,
or if to the Company, at the Company’s principal executive office.

 

13.  Fractional Shares.  In lieu of issuing a fraction of a share,
resulting from an adjustment of the Restricted Stock Award pursuant to the Plan
or otherwise, the Company will be entitled to pay to the Director an amount
equal to the fair market value of such fractional share.

 

14.  Amendment. 
This Agreement may be amended in accordance with the provisions of the
Plan, and may otherwise be amended by written agreement of the Director and the
Company without the consent of any other person.

 

15.  Plan
Definitions.  Except where the
context clearly implies or indicates the contrary, a word, term, or phrase used
in the Plan is similarly used in this Agreement.

 

IN WITNESS WHEREOF, the Director has executed the
Agreement, and the Company has caused these presents to be executed in its name
and on its behalf, all as of the Grant Date.

 

Assured Guaranty Ltd.

 

	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  James Michener

  	
   

  	
   

  
	
  Its:

  	
  General Counsel

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Director:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  
								

 

 

3Exhibit
10.64

 

To Be Used With
Employment Agreement

 

 

Restricted Stock Unit
Agreement under

Assured Guaranty Ltd.
2004 Long-Term Incentive Plan

 

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”).

 

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 Restricted
Stock Unit Award under the Plan; and

 

NOW, THEREFORE, IT IS AGREED, by and between the Company and the
Participant, as follows:

 

1.  Terms of Award. 
The following words and phrases used in this Agreement shall have the
meanings set forth in this paragraph 1:

 

(a)                                  The “Participant” is                                 .

 

(b)                                 The “Grant Date” is February 14,
2008.

 

(a)                                  The number of “Covered Units” granted
under this Agreement is
           Units.  Each “Unit” represents the right to receive
one share of Stock on the Delivery Date, to the extent that the Participant is
vested in such Units as of the Delivery Date, subject to the terms of this
Agreement and the Plan.

 

(c)                                  The “Delivery Date” with respect to each
Installment shall be the earliest to occur of:

 

(i)  The date
on which the Participant vests in that Installment in accordance with the
schedule set forth in paragraph 3 (determined without regard to paragraphs
3(a), 3(b), 3(c), or 3(d)).

 

(ii)  The
Participant’s Date of Termination that occurs by reason of the Participant’s
death.

 

(iii)  The
date on which the Participant becomes Permanently Disabled on or before the
Participant’s Date of Termination.

 

(iv)  The
date of a Change in Control on or before the Participant’s Date of Termination,
but only if the Change in Control also satisfies the definition of “change in
control event” as set forth in Treas. Reg. 1.409A-3(i)(5).

 

Other words and phrases used in this Agreement are defined pursuant to
paragraph 17, elsewhere in this Agreement or the Plan.

 

2.  Restricted Stock Unit Award.  This Agreement specifies the terms of the
“Restricted Stock Unit Award” granted to the Participant.

 

 

 

 

 

3.  Restricted Period.  If the Date of Termination does not occur
during the Restricted Period with respect to any Installment of the Covered
Units, then the Participant shall become vested in such Installment at the end
of such Restricted Period.  With respect
to all Covered Units, the “Restricted Period” for each Installment of Covered
Units shall begin on the Grant Date.  The
Restricted Period with respect to each Installment shall end as described in
the following schedule (but only if the Date of Termination has not occurred
before the end of the Restricted Period):

 

	
  INSTALLMENT:

  	
   

  	
  RESTRICTED
  PERIOD WILL END ON:

  
	
  1⁄4 of Covered
  Units

  	
   

  	
  One year
  anniversary of the Grant Date

  
	
  1⁄4 of Covered
  Units

  	
   

  	
  Two year
  anniversary of the Grant Date

  
	
  1⁄4 of Covered
  Units

  	
   

  	
  Three year
  anniversary of the Grant Date

  
	
  1⁄4 of Covered
  Units

  	
   

  	
  Four year
  anniversary of the Grant Date

  

 

The Restricted Period shall end prior to the date specified in the
foregoing schedule to the extent set forth below:

 

(a)                                  For Installments as to which the
Restricted Period has not otherwise ended prior to the Date of Termination, the
Restricted Period for such Installments shall end upon the Participant’s Date
of Termination, if the Date of Termination occurs by reason of the
Participant’s Disability or death.

 

(b)                                 For Installments as to which the
Restricted Period has not otherwise ended prior to the date of a Change in
Control, the Restricted Period for such Installments shall end upon a Change in
Control, provided that such Change in Control occurs on or before the Date of
Termination.

 

(c)                                  If the Participant’s employment is
Terminated Without Cause, then for Installments as to which the Restricted
Period has not otherwise ended prior to the Date of Termination, the
Participant shall be vested on the Date of Termination (and the Restricted
Period shall end) with respect to the Installments (if any) that would vest on
or before the two-year anniversary of the Date of Termination, determined as
though the Participant had remained employed through the two-year anniversary
of the Date of Termination.  The terms
“Cause” and “Terminated Without Cause” shall be defined as set forth in the
Employment Agreement.  Notwithstanding
the foregoing, if the Executive’s employment is Terminated Without Cause, the
provisions of this paragraph (c) shall apply only if the Executive
executes and returns to the Company a general release and waiver of all claims
against the Company as required under the Employment Agreement; provided that
the Participant shall be eligible for vesting under this paragraph (c) only
if the release is returned by such time as is established by the Committee; and
further provided that to the extent benefits provided pursuant to this
paragraph (c) would constitute deferred compensation subject to section
409A of the Code, such benefits shall be distributed to

 

 

 

2

 

the Participant
only if the release is returned in time to permit the distribution of the
benefits to satisfy the requirements of section 409A of the Code with respect
to the time of distribution.

 

(d)                                 If the Participant’s Date of Termination
occurs because of Retirement, then for Installments as to which the Restricted
Period has not otherwise ended prior to the Date of Termination, the Restricted
Period shall end on the Participant’s Date of Termination, and the Participant
shall be vested in those Installments, subject to paragraph 17(g) (relating
to the definition of Retirement).

 

4.  Transfer of Shares and Forfeiture of Units.  On the Delivery Date, the
Participant shall receive one share of Stock for each Unit in which the
Participant is then vested, and such shares shall be free of restrictions
otherwise imposed by this Agreement, subject to the terms of this Agreement
applicable after such Delivery Date (including, without limitation, paragraph
9) and the Plan.  If any vested Units
attributable to any Installment are allocated to the Participant after the date
otherwise specified as the Delivery Date for that Installment (by reason of
payment of dividends or otherwise), then, as soon as practicable after the date
of allocation of such Units, the Participant will receive one share of Stock
with respect to each such Unit.  As of
the date of distribution of Shares with respect to any Units, such Units shall
be canceled.  If the Restricted Period
with respect to any Installments does not end on or before the Participant’s
Date of Termination, then as of the Participant’s Date of Termination, the
Participant shall forfeit such Installments. 
However, the Committee, in its sole discretion, may accelerate the end of
the Restricted Period or provide for the vesting of the Covered Units under
circumstances that such vesting would not otherwise occur in its sole
discretion, based on such factors as the Committee deems appropriate.

 

5.  Withholding. 
All deliveries and distributions under this Agreement are subject to
withholding of all applicable taxes.  At
the election of the Participant, and subject to such rules and limitations
as may be established by the Committee from time to time, such withholding
obligations may be satisfied through the surrender of shares of Stock which the
Participant already owns, or to which the Participant is otherwise entitled
under the Plan; provided, however, that such shares may be used to satisfy not
more than the Company’s minimum statutory withholding obligation (based on minimum
statutory withholding rates for Federal and state tax purposes, including
payroll taxes, that are applicable to such taxable income).

 

6.  Transferability. 
Except as otherwise provided by the Committee, the Restricted Stock Unit
Award may not be sold, assigned, transferred, pledged or otherwise encumbered
during the Restricted Period.

 

7.  Dividends. 
The Participant will be credited with additional Units to reflect
dividends payable with respect to Stock during the period between the Grant
Date and the Delivery Date, with the increase in the number of Units equal to
the number of shares of Stock which could be purchased with the dividends
(assuming each Unit was a share of Stock), based on the value of such Stock at
the time such dividends are paid.  The
Units credited on account of the preceding sentence shall be vested and
distributed in accordance with the same schedule as the Units to which such
dividends are attributable.  No dividends
shall be credited to or for the benefit of the Participant for Units with
respect to record dates occurring prior to the Grant Date, or with

 

 

3

 

respect to record dates occurring on or after the
date, if any, on which the Participant has forfeited those Units.

 

8.  Voting. 
The Participant shall not be a shareholder of record with respect to the
Units and shall have no voting rights with respect to the Units during the
Restricted Period or prior to the Delivery Date.

 

9.  Cancellation and Rescission of Restricted
Stock Unit Award.

 

(a)                                  The Committee may cancel, rescind,
suspend, withhold or otherwise limit or restrict the Restricted Stock Unit
Award at any time if the Participant engages in any “Detrimental Activity.”

 

(b)                                 Immediately prior to the Delivery Date
with respect to an Installment and prior to the transfer of the shares of Stock
to the Participant, the Participant shall certify, to the extent required by
the Committee, in a manner acceptable to the Committee, that the Participant is
not engaging and has not engaged in any Detrimental Activity.  In the event a Participant has engaged in any
Detrimental Activity prior to, or during the twelve months after, the Delivery
Date with respect to any Installment of Covered Units, the right to delivery of
shares with respect to such Installment may be rescinded by the Committee
within two years thereafter.  In the
event of any such rescission, the Participant shall pay to the Company the
amount of any gain realized as a result of the prior delivery of shares
applicable to the rescinded Installment(s), in such manner and on such terms
and conditions as may be required by the Company, and the Company shall be
entitled to set-off against the amount of any such gain any amount owed to the
Participant by the Company and/or Subsidiary.

 

10.  Heirs and Successors.  This Agreement shall be binding upon, and
inure to the benefit of, the Company and its successors and assigns, and upon
any person acquiring, whether by merger, consolidation, purchase of assets or
otherwise, all or substantially all of the Company’s assets and business.  If any benefits deliverable to the
Participant under this Agreement have not been delivered at the time of the
Participant’s death, such benefits shall be delivered to the Designated
Beneficiary, in accordance with the provisions of this Agreement and the
Plan.  The “Designated Beneficiary” shall
be the beneficiary or beneficiaries designated by the Participant in a writing
filed with the Committee in such form and at such time as the Committee shall require.  If a deceased Participant fails to designate
a beneficiary, or if the Designated Beneficiary does not survive the
Participant, any rights that would have been exercisable by the Participant and
any benefits distributable to the Participant shall be distributed to the legal
representative of the estate of the Participant.  If a deceased Participant designates a
beneficiary and the Designated Beneficiary survives the Participant but dies
before the complete distribution of benefits to the Designated Beneficiary
under this Agreement, then any benefits distributable to the Designated
Beneficiary shall be distributed to the legal representative of the estate of
the Designated Beneficiary.

 

11.  Administration. 
The authority to manage and control the operation and administration of
this Agreement shall be vested in the Committee, and the Committee shall have
all powers with respect to this Agreement as it has with respect to the
Plan.  Any interpretation of

 

 

 

4

 

this Agreement by the Committee and any decision made
by it with respect to this Agreement is final and binding on all persons.  The Committee shall have the authority to
obtain such information from the Participant (including tax return information)
as it determines may be necessary to confirm that the Participant is in
compliance with the requirements applicable to Detrimental Activity, and if the
Participant fails to provide such information, the Committee may conclude that
the Participant is not in compliance with such requirements.

 

12.  Plan Governs. 
Notwithstanding anything in this Agreement to the contrary, this
Agreement shall be subject to the terms of the Plan, a copy of which may be
obtained by the Participant from the office of the Secretary of the Company;
and this Agreement is subject to all interpretations, amendments,
rules and regulations promulgated by the Committee from time to time
pursuant to the Plan.

 

13.  Not an Employment Contract.  The Restricted Stock Unit Award will not confer
on the Participant any right with respect to continuance of employment or other
service with the Company or any Related Company, nor will it interfere in any
way with any right the Company or any Related Company would otherwise have to
terminate or modify the terms of such Participant’s employment or other service
at any time.

 

14.  Notices. 
Any written notices provided for in this Agreement or the Plan shall be
in writing and shall be deemed sufficiently given if either hand delivered or
if sent by fax or overnight courier, or by postage paid first class mail.  Notices sent by mail shall be deemed received
three business days after mailing but in no event later than the date of actual
receipt.  Notices shall be directed, if
to the Participant, at the Participant’s address indicated by the Company’s
records, or if to the Company, at the Company’s principal executive office.

 

15.  Fractional Shares.  In lieu of issuing a fraction of a share,
resulting from an adjustment of the Restricted Stock Unit Award pursuant to the
Plan or otherwise, the Company will be entitled to pay to the Participant an
amount equal to the fair market value of such fractional share.

 

16.  Amendment. 
This Agreement may be amended in accordance with the provisions of the
Plan, and may otherwise be amended by written agreement of the Participant and
the Company without the consent of any other person.

 

17.  Definitions.  For purposes of this Agreement, words and
phrases shall be defined as follows:

 

(a)                                  Change in Control. 
The term “Change in Control” shall be defined as set forth in the Plan.

 

(b)                                 Date of Termination. 
A Participant’s “Date of Termination” means, with respect to an
employee, the date on which the Participant’s employment with the Company and
Subsidiaries terminates for any reason, and with respect to a Director, the
date immediately following the last day on which the Participant serves as a
Director; provided that a Date of Termination shall not be deemed to occur by
reason of a Participant’s transfer of employment between the Company and a
Subsidiary or between two Subsidiaries; further provided that a Date of
Termination shall not be deemed to

 

 

5

 

occur by reason of
a Participant’s cessation of service as a Director if immediately following
such cessation of service the Participant becomes or continues to be employed
by the Company or a Subsidiary, nor by reason of a Participant’s termination of
employment with the Company or a Subsidiary if immediately following such termination
of employment the Participant becomes or continues to be a Director; and
further provided that a Participant’s employment shall not be considered
terminated while the Participant is on a leave of absence from the Company or a
Subsidiary approved by the Participant’s employer.

 

(c)                                  Detrimental Activity. 
The term “Detrimental Activity” shall mean (i) a violation of
paragraph 11 of the Employment Agreement (relating to competition) during the
period in which such activity is prohibited under the Employment Agreement; or (ii) a
violation of paragraph 12 of the Employment Agreement (relating to
confidentiality).

 

(d)                                 Director.  The term
“Director” means a member of the Board of Directors of Assured Guaranty, Ltd.,
who may or may not be an employee of the Company or a Subsidiary.

 

(e)                                  Disability.  The
Participant shall be considered to have a “Disability” during the period in
which the Participant is unable, by reason of a medically determinable physical
or mental impairment, to engage in any substantial gainful activity, which
condition, in the opinion of a physician selected by the Committee, is expected
to have a duration of not less than 120 days. 
The Participant shall be considered to be Permanently Disabled if he
would be treated as “disabled” in accordance with the provisions of Treas. Reg.
§1.409A-3(i)(4).

 

(f)                                    Employment
Agreement.  “Employment
Agreement” shall mean the agreement between the Participant and the Company
dated April 28, 2004 or any successor agreement thereto.(1)

 

(g)                                 Retirement. 
“Retirement” of a Participant will be determined in accordance with the
following:

 

(i) 
Retirement shall mean the occurrence of a Participant’s Date of Termination
with the consent of the Participant’s employer after the Participant has
completed three years of service and attained age 55.(2)

 

(ii)  For
purposes of defining “Retirement,” years of service shall be determined in
accordance with rules which may be established by the Committee, and shall
take into account service with the Company and the Subsidiaries.  If, on or before the date of the initial
public offering of stock of the Company, the Participant was employed by the
Company or its Subsidiaries, years of service shall also include service with
ACE Limited and its subsidiaries occurring prior to such initial public
offering.

(1)                                  Employment agreement for Bailenson dated October 5,
2006.

(2)                                  “Retirement” for Mr. Bailenson, 55
years of age with 5 years of service and the consent of the Compensation
Committee or 60 years of age with 5 years of service.

 

 

 

6

 

 

(iii) 
Notwithstanding that the Participant’s Date of Termination satisfies the
requirements of paragraph (i) above, the Participant will not be
considered to have retired (or have terminated by reason of Retirement) with
respect to any Installment if the Committee determines that the Participant has
provided significant commercial or business services to any one or more persons
or entities on or before the Delivery Date applicable to that Installment,
regardless of whether such entity is owned or controlled by the Participant;
provided that the Participant may devote reasonable time to the supervision of
his personal investments, and activities involving professional, charitable,
community, educational, religious and similar types of organizations, speaking
engagements, membership on the boards of directors of other organizations, and
similar types of activities, to the extent that the Committee, in its
discretion, determines that such activities are consistent with the
Participant’s Retirement.

 

(iv)  At the
request of the Committee, and as a condition of receiving a distribution of
Shares in settlement of an Installment, the Participant shall be required to
provide a listing of the activities engaged in by the Participant following the
Participant’s Date of Termination and prior to the Delivery Date applicable to
such Installment and such other information that the Committee determines may
be necessary from time to time to establish whether the Participant has acted
in a manner that is consistent with the requirements of paragraph (iii).  Such listing and information shall be
provided promptly by the Participant, but in no event more than 10 days after
written request is delivered to the Participant.

 

(v)  At the
request of the Participant, the Committee shall determine whether a proposed
activity of the Participant will be consistent with the requirements of
paragraph (iii).  Such request shall be
accompanied by a description of the proposed activities, and the Participant
shall provide such additional information as the Committee may determine is
necessary to make the determination. 
Such a determination shall be made promptly, but in no event more than
30 days after the written request, together with any additional information
requested of the Participant, is delivered to the Committee.

 

(vi)  If,
prior to the Delivery Date applicable to any Installment, a Participant engages
in one or more activities that the Committee determines to be inconsistent with
Retirement, as set forth in paragraph (iii) above, the right to a
distribution of Shares with respect to the Installment (including the right to
distribution of Shares attributable to dividends) may be canceled by the
Committee.

 

(h)                                 Plan Definitions. 
Except where the context clearly implies or indicates the contrary, a
word, term, or phrase used in the Plan is similarly used in this Agreement.

 

 

7

 

 

	
  Agreed Upon:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Assured Guaranty Ltd.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Participant

  	
   

  

 

 

8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00137-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00137-of-00352.parquet"}]]