Document:

Agreement and General Release

 Exhibit 10.71 
  
 AGREEMENT AND GENERAL RELEASE 
  
 Agreement and General Release executed this 28th day of June, 2004 by and between Richard L. Weill who resides at 24 Bretton Ridge Road Mt.
Kisco, NY 10549 and MBIA Insurance Corporation (“MBIA”) on behalf of any of its past or present parent entities, subsidiaries, divisions, affiliates and related business entities, assets, employee benefit plans or funds, successors and
assigns (MBIA and/or its affiliates), and any of its or their past or present directors, officers, fiduciaries, agents, trustees, administrators, employees and assigns (collectively the “MBIA Entities and Persons”). 
  
 1. I hereby acknowledge receipt of the June 25, 2004 letter from Kevin D.
Silva (the “Letter”), a copy of which is annexed hereto. 
  
 2. I further acknowledge the additional payments and/or other benefits to be provided me pursuant to the Letter and this Agreement and General Release: (i) exceed any payment, benefit, or other thing of value to which I might otherwise be
entitled under any policy, plan, or procedure of MBIA and/or its affiliates or pursuant to any prior agreement or contract (oral, written or otherwise) between MBIA and/or its affiliates and me; and (ii) are in full discharge of any and all
liabilities and obligations of MBIA and/or its affiliates to me, monetarily or with respect to employee benefits or otherwise including but not limited to any and all obligations arising under any alleged written or oral employment agreement,
policy, plan or procedure of MBIA and/or its affiliates and/or any alleged understanding or arrangement between me and MBIA and/or its affiliates. 
  
 3. I shall have up to twenty-one (21) days from the date of receipt to consider the terms and conditions of this Agreement and General Release. I may
accept this Agreement and General Release by fully executing it and returning it to Kevin D. Silva, Chief Administrative Officer, MBIA Insurance Corporation, 113 King Street, Armonk, New York 10504, no sooner than June 30, 2004 and on or before July
16, 2004. After executing this Agreement and General Release, I shall have seven (7) days (the “Revocation Period”) to revoke this Agreement and General Release by indicating my desire to do so in writing addressed and delivered to Kevin
D. Silva at the address listed above no later than the close of business on the seventh (7th) day following the date
I execute this Agreement and General Release. The effective date of this Agreement and General Release shall be the eighth (8th) day following my signing of the Agreement and General Release (the “Release Effective Date”). In the event I do not accept this Agreement and General Release as set forth above, or in the event I revoke this Agreement and
General Release during the Revocation Period, this Agreement and General Release, including but not limited to the obligation of MBIA to provide payments and the benefits referred to in the Letter shall be deemed automatically null and void.

  
 4. As of the Release Effective Date and subject to my
compliance of the terms and conditions of this Agreement and General Release, I shall be entitled to the additional payments and benefits described in the Letter. 
  
 5. I acknowledge that my last day of employment with MBIA will be June 30, 2004 (“Separation Date”). I further
acknowledge that MBIA and/or its affiliates will not have any obligation to rehire me or to consider me for reemployment after the Separation Date. In the event that I attempt to apply for any position with MBIA and/or its affiliates I hereby
acknowledge that the denial of my application is permissible and is not and will not be considered by me to be retaliatory, a violation of this Agreement and General Release or any law. I further acknowledge that such representations constitute a
material inducement for MBIA to provide the payments and/or other benefits to me under this Agreement. 

 6. Payments made under this Agreement are conditional on my non-competition with MBIA and/or its
affiliates for a period of 24 months. Non-competition shall mean that, without the prior written consent of MBIA and/or any of its affiliates, during such 24 month period: 
  
 a) I shall not, directly or indirectly, hire, solicit, or help another person or entity to hire or solicit any employee of
MBIA and/or its affiliates. I also shall not, directly or indirectly, hire, solicit, or help another person or entity to hire or solicit any person who has been an employee of MBIA and/or its affiliates within a one year period prior to the first
date on which I attempt to hire, solicit or help another person or entity to hire or solicit such person. Further, I shall not directly or indirectly induce or encourage any employee of MBIA and/or its affiliates to leave MBIA and/or its
affiliates’ employ. 
  
 b ) I shall not either directly or
indirectly, direct business I was developing on behalf of MBIA and/or its affiliates while employed with MBIA to any of my future or prospective employers. 
  
 c.) I agree that I will not seek or accept employment with any of MBIA’s Triple A monoline competitors, which include AMBAC, FSA, FGIC, CDC/CIFG, XL,
ACE Guaranty Corporation, DePfa, and Radian Asset Assurance Inc. 
  
 7. I agree that I will not use for my own benefit or disclose to third parties any Confidential Information, as defined herein, relating to MBIA and/or its affiliates and its or their businesses, including any Confidential Information of
customers of MBIA and/or its affiliates, obtained by me during my employment and not otherwise public knowledge or known within the applicable industry (other than by acts by me in violation of this Agreement). For purposes of this Agreement,
“Confidential Information” shall include, without limitation, information not otherwise known in the applicable industry and/or not previously disclosed to the public by MBIA and/or its affiliates or its or their management with respect to
the operations, facilities and methods, strategies, trade secrets and other intellectual property, systems, procedures, technical know-how, methods of investment, processes, customers, clients, investors, markets, marketing methods, manuals,
confidential reports, fee information, finances, financial or listing information (including, without limitation, the revenues, costs or profits associated with any activities or products of MBIA and/or its affiliates, business plans, prospects,
budgetary objectives, opportunities or other information of or relating to MBIA and/or its affiliates). “Confidential Information” shall not include information which is known within the applicable industry or is or becomes generally
available to the public other than as a result of disclosure by me in violation of this paragraph. 
  
 8. In consideration for the payment and/or other benefits to be provided me pursuant to the Letter and this Agreement and General Release, I, for myself
and for my heirs, executors, administrators, and assigns (hereinafter referred to collectively as “Releasors”), forever release and discharge the MBIA Entities and Persons, from any and all claims, demands, causes of action, fees and
liabilities of any kind whatsoever, whether known or unknown, which I ever had, now have, or may have against the MBIA Entities and Persons by reason of any actual or alleged act, omission, transaction, practice, conduct, statement, occurrence, or
other matter up to and including the date on which I sign this Agreement and General Release. 

 Without limiting the generality of the foregoing, this Agreement and General Release is intended to and shall release the
MBIA Entities and Persons from any and all claims, whether known or unknown, which Releasors ever had, now have, or may have against the MBIA Entities and Persons arising out of my employment, and/or my separation from that employment, including,
but not limited to: (i) any claim under the Age Discrimination in Employment Act; (ii) any claim under Title VII of the Civil Rights Act; (iii) any claim under the American with Disabilities Act; (iv) any claim under the New York State Human Rights
Law; (v) any claim under the Connecticut Human Rights and Opportunities Act; (vi) any claim under any other federal state or local law (statutory or decisional), regulation ordinance relating to and/or prohibiting employment discrimination,
harassment and/or retaliation; (vii) any claim under the Employee Retirement Income Security Act (“ERISA”) (excluding claims for accrued, vested benefits under any employee benefit pension plan of MBIA in accordance with the terms and
conditions of such plan and applicable law); (viii) any claim under the Family and Medical Leave Act (“FMLA”); (ix) any other claim (whether based on federal, state, or local law, statutory or decisional) relating to or arising out of my
employment, the terms and conditions of such employment, the separation from such employment, and/or any of the events relating directly or indirectly to or surrounding the separation from that employment; and (x) any claim for attorneys’ fees,
costs, disbursements and/or the like. 
  
 9. I agree, to the
extent permitted by law, that I will not seek or accept any award or settlement from any source or proceeding with respect to any claim or right covered by paragraph “8” of this Agreement and General Release. 
  
 10. I agree that I will not publicly disparage or encourage or induce others
to publicly disparage the MBIA Entities and Persons. For the purposes of this Agreement and General Release, the term “disparage” includes, without limitation, comments or statements to the press and/or media, the MBIA Entities and Persons
or any individual or entity with whom MBIA and/or its affiliates has or have a business relationship which would adversely affect in any manner (i) the conduct of the business of MBIA and/or its affiliates (including, without limitation, any
business plans or prospects) and/or (ii) the business reputation of the MBIA Entities and Persons. 
  
 11. (a) I agree that I will cooperate with MBIA and/or its affiliates and its/their counsel in connection with any investigation, administrative
proceeding or litigation relating to any matter that occurred during my employment in which I was involved or of which I have knowledge. MBIA will incur related expenses. 
  
 (b) I agree that, in the event I am subpoenaed by any person or entity (including, but not limited to, any government
agency) to give testimony (in a deposition, court proceeding or otherwise) which in any way relates to my employment, I will give prompt notice of such request to Kevin D. Silva, Chief Administrative Officer, MBIA Insurance Corporation, 113 King
Street, Armonk, New York 10504 and will make no disclosure until MBIA and/or its affiliates has had a reasonable opportunity to contest the right of the requesting person or entity to such disclosure. 

 12. The terms and conditions of this Agreement and General Release and the Letter are and shall be deemed
to be confidential, and shall not be disclosed by me to any person or entity without the prior written consent of MBIA, except if required by law, and to my accountants, attorneys or immediate family members, provided that they agree to maintain the
confidentiality of the aforesaid documents to the maximum extent permitted by law, code, rule or regulation. I further represent that I have not disclosed the terms and conditions of the aforesaid documents to anyone other than my attorneys,
accountants and immediate family members. I also understand and agree that if I make a disclosure in violation of this paragraph, MBIA shall have the right to discontinue all payments and/or benefits provided for by the Letter and this Agreement and
General Release, and shall have the further right to recover all sums it may have paid to me pursuant to the Letter and/or this Agreement and General Release. 
  

13. If any provision of this Agreement and General Release shall be held by a court of competent jurisdiction to be illegal, void, or unenforceable,
such provision shall be of no force and effect. However, the illegality or unenforceability of such provision shall have no effect upon, and shall not impair the enforceability of, any other provision of this Agreement and General Release; provided,
however, that upon any finding by a court or agency of competent jurisdiction that the release and covenants provided for by paragraphs “8” and/or “9” of this Agreement and General Release are illegal, void, or unenforceable, I
agree, unless otherwise prohibited by law, to execute a release, waiver and/or convenant that is/are legal and enforceable. Further, if a court should determine that any provision of this Agreement and General Release is overbroad or unreasonable,
such provision shall be given effect to the maximum extent possible by narrowing or enforcing in part that aspect of the provision found to be overbroad or unreasonable. Additionally, I agree that if I breach any of the terms of paragraphs
“6”,“7”,“9”,“10”,“11” and/or “12”, it shall constitute a material breach of this Agreement and General Release as to which the MBIA Entities and Persons may seek appropriate relief
(including but not limited to repayment of the amounts paid to me pursuant to this Letter and Agreement and General Release, to the extent permitted by law) in a court of competent jurisdiction. 
  
 14. This Agreement and General Release is not intended, and shall not be
construed, as an admission that any of the MBIA Entities and Persons has or have violated any federal, state or local law (statutory or decisional), ordinance or regulation, breached any contract or committed any wrong whatsoever against me.

  
 15. I acknowledge that: (a) I have been advised by MBIA in
writing to consult with an attorney of my choosing in connection with this Agreement and General Release; (b) I have carefully read this Agreement and General Release in its entirety; (c) I have had the opportunity to consider fully for at least
twenty-one (21) days the terms of this Agreement and General Release; (d) I fully understand the significance of all of the terms and conditions of this Agreement and General Release and I have discussed it with my independent legal counsel, or have
had a reasonable opportunity to do so; (e) I have had answered to my satisfaction any questions I have asked with regard to the meaning and significance of any of the provisions of this Agreement and General Release; and (f) I am signing this
Agreement and General Release voluntarily and of my own free will and assent to all the terms and conditions contained herein with the intent to be bound hereby. 

 16. (a) I agree that this Agreement and General Release may only be used as evidence in a subsequent
proceeding in which the parties allege a breach of and/or indemnification under this Agreement and General Release. 
  
 (b) This Agreement and General Release shall be construed and enforced in accordance with the laws of the State of New York without regard to the
principles of conflict of law. 
  
 17. This Agreement and General
Release is binding upon, and shall inure to the benefit of, the parties and their respective heirs, executors, administrators, successors and assigns. 
  
 18. I understand that this Agreement and General Release, and the attached letter from Kevin D. Silva, constitute the complete understanding between MBIA
and/or its affiliates and me, and supersedes any and all agreements, understandings, and discussions, whether written or oral between me and MBIA and/or its affiliates. No other promises or agreement shall be binding unless in writing and signed by
both MBIA and me after the Release Effective Date. 
  
 Dated: June 28, 2004

  

			
	Signature:	 	 /s/ Richard L. Weill

	 	 	Richard L. Weill

  

			
	STATE OF NEW YORK	  	)
	 	  	) SS.:
	COUNTY OF Westchester	  	)

  
 On this 28 day of June
2004, before me personally came Richard Weill to me known and known to me to be the person described and who executed the foregoing Agreement, and he duly acknowledged to me that he executed the same. 
  

	
	 /s/ Venetia Heintz

	Notary Public
	[Notary Stamp]

  

			
	MBIA Insurance Corp.
		
	By:	 	 /s/ Kevin D. Silva

	 	 	Kevin D. Silva

  

			
	STATE OF NEW YORK	  	)
	 	  	) SS.:
	COUNTY OF Westchester	  	)

  
 On this 29 day of June
2004, before me personally came Kevin Silva to me known and known to me to be the person described and who executed the foregoing Agreement, and he duly acknowledged to me that he executed the same. 
  

	
	 /s/ VenetiaHeintz

	Notary Public
	[Notary Stamp]Amended and Restated Net Worth Maintenance Agreement

 Exhibit 10.72 
  
 AMENDED AND RESTATED NET WORTH MAINTENANCE AGREEMENT 
  
 AMENDED AND RESTATED NET WORTH MAINTENANCE AGREEMENT, dated as of the 12th day of October 2004, by and among MBIA Insurance
Corporation, a corporation organized and existing under the laws of the State of New York (“MBIA”), MBIA UK (Holdings) Limited, a corporation organized and existing under the laws of England and Wales with registered number 4808006
(“MBIA UK Holdings”) and MBIA UK Insurance Limited, a corporation organized and existing under the laws of England and Wales with registered number 4401508 (“MBIA UK Insurance”); 
  
 W I T N E S S E T H 
  
 WHEREAS, MBIA UK Holdings is a wholly-owned subsidiary of MBIA and MBIA UK
Insurance is a wholly-owned subsidiary of MBIA UK Holdings; 
  
 WHEREAS, MBIA desires that MBIA UK Insurance receives and maintains the highest possible claims-paying rating from Standard & Poor’s corporation (“S&P”), Moody’s Investors Service, Inc. (“Moody’s”)
and Fitch, Inc. (“Fitch”) 
  
 WHEREAS, MBIA and MBIA UK
Insurance desire to amend and restate the Net Worth Maintenance Agreement dated as of May 14, 2004 among MBIA, MBIA UK Holdings and MBIA UK Insurance. 
  
 NOW, THEREFORE, in consideration of the covenants and understandings contained herein and upon the terms and conditions set forth below, the parties agree
as follows: 
  
 Section 1. Capital Stock. MBIA shall own
either directly or indirectly through MBIA UK Holdings or another wholly-owned intermediate subsidiary not less than 100.0% of the outstanding capital stock of MBIA UK. 
  
 MBIA shall not (directly or indirectly) create, incur, assume or suffer to exist any lien on the capital stock of MBIA UK
Holdings or of MBIA UK Insurance 
  
 Section 2. Net Worth
Maintenance. In consideration of the value to MBIA that MBIA UK Insurance has the highest possible claims-paying rating and continues to maintain an insurance license in good standing under the laws of England, MBIA hereby agrees to cause MBIA
UK Insurance to maintain capital in an amount that is at least equal to the higher of the amount of capital as now or in the future required by laws or regulatory authorities of the United Kingdom or $100,000,000; provided however, any contributions
by MBIA for such purpose shall in no event exceed 35% of MBIA’s policyholders’ surplus on an accumulated basis as determined by the laws of the State of New York. Further, contributions by MBIA hereunder shall be made in compliance with
§1505 of the New York Insurance Law; provided that MBIA hereby confirms that it may make single contributions to MBIA UK Insurance that do not exceed $300million each without taking any additional actions under §1505 of the New York
Insurance Law with respect to any such single contribution. MBIA UK Holdings hereby agrees to contribute immediately to MBIA UK Insurance any funds contributed to it by MBIA in accordance with this Section 2. 

 Section 3. Certain Covenants of MBIA UK Insurance. 
  
 (a) In consideration for the agreement of MBIA to maintain capital in MBIA
UK Insurance as provided in Section 2 above, MBIA UK Insurance hereby agrees: 
  
 (i) to issue only financial guarantee policies; 
  
 (b) (ii) to take any reasonable actions necessary to maintain its permission to carry on regulated activities under Part IV of the
Financial Services and Markets Act 2000 in the United Kingdom in good standing; and 
  
 (iii) not to issue any shares of its capital stock to any entity that is not owned by or which is not under common control of MBIA,
without the prior consent of MBIA. 
  
 (b) Each of MBIA (in its
capacity as sole shareholder of MBIA UK) and MBIA UK agree not to take any action, including without limitation the payment of dividends on or other capital distributions with respect to or the redemption of the stock of MBIA UK, as a result of
which MBIA UK’s capital would be lower than $100,000,000. 
  
 Section 4. Payment obligation and Determination. 
  

	 	(a)	 	MBIA UK Insurance agrees to take all actions in a timely manner to require MBIA and MBIA UK Holdings to make the contributions required of MBIA pursuant to Section 2 of this
Agreement. 

  

	 	(b)	 	In the event of any dispute as to the amount required to be contributed by MBIA and/or MBIA UK Holdings pursuant to Section 2 of this Agreement, MBIA shall first make the
contribution in the amount determined by MBIA UK. If MBIA disputes the determination of such amount the final determination of such amount will be made, after the payment by MBIA of such amount as determined by MBIA UK, by the firm of independent
public accountants employed at the time to make audits of the books and records of MBIA UK Insurance and any such determination so made shall be final and binding for all purposes. Determination by the independent public accountants shall be made
promptly, as time is of the essence in such determination. 

  

	 	(c)	 	To the extent that any contributions are required to be made by MBIA and MBIA UK Holdings under the terms of this Agreement, such contributions will be made in cash so that MBIA UK
Insurance will be able to meet its obligations as they become due. 

  
 Section 5. Representations and Warranties. Each of MBIA and MBIA UK Holdings hereby represents and warrants as follows: 
  

(a) MBIA is a corporation duly organized and validly existing under the laws of the State of New York and has full power, authority and legal right to
own its assets and to transact its business and to execute, deliver and perform this Agreement, and has taken all necessary corporate and legal action to authorize the execution, delivery and performance of this Agreement 
  
 (b) MBIA UK Holdings is a corporation duly organized and validly existing
under the laws of England and Wales and has full power, authority and legal right to own its assets and to transact its business and to execute, deliver and perform this Agreement, and has taken all necessary corporate and legal action to authorize
the execution, delivery and performance of this Agreement 

 (c) This Agreement constitutes a legal, valid and binding obligation of MBIA and MBIA UK Holdings
enforceable in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally; and 
  
 (d) The execution, delivery and performance by MBIA and MBIA UK Holdings of
this Agreement will not violate, or require any consent, filing, approval or other action pursuant to, the Certificate of Incorporation, By-Laws or other corporate rules of MBIA or MBIA UK Holdings or any provision of any law or regulation or of any
judgment, order or decree of any court, arbitrator or governmental authority or of any agreement of any nature binding upon MBIA or MBIA UK Holdings or their assets, except for such filings, consents or approvals consents as have been made or
obtained. 
  
 Section 6. Amendments. This Agreement may be
amended only by an instrument in writing executed by the parties, hereto, which amendment will only be effective after S&P, Moody’s and Fitch have stated in writing to MBIA UK Insurance that such amendment will not result in a lowering or
withdrawal of the claims paying rating of MBIA UK Insurance. This Agreement supercedes the Net Worth Maintenance Agreement dated as of May 14, 2004 among MBIA, MBIA UK Holdings and MBIA UK Insurance. 
  
 Section 7. Third party rights. Nothing in this Agreement shall in any
manner create any obligations or establish any rights against either of the parties to this Agreement in favor of any third parties or any person not parties to this Agreement. 
  
 Section 8. Governing Law. This Agreement shall be a contract under, be governed by, and construed and interpreted in
accordance with the laws of the State of New York. 
  
 Section 9.
Forum Non Conveniens. MBIA agrees to waive any right to stay or to dismiss any action or proceeding brought against it before the courts of the United Kingdom on the basis of forum non conveniens. 
  
 IN WITNESS WHEREOF, this Agreement is made and entered into as of the day and
year first above written. 
  

			
	MBIA INSURANCE CORPORATION
		
	By:	 	 /s/ Ram D. Wertheim

	 	 	Title: Managing Director
	
	MBIA UK HOLDINGS LIMITED
		
	By:	 	 /s/ Phillip C. Sullivan

	 	 	Title: Director
	
	MBIA UK INSURANCE LIMITED
		
	By:	 	 /s/ Phillip C. Sullivan

	 	 	Title: Director

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