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T
YPE OF F EE
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A
MOUNT
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M
ANNER OF P AYMENT
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Annual
Fees/Awards
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¡
Annual fee
for serving as a director of Ambac Financial Group, Inc.
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$50,000**
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$50,000 payable quarterly in arrears in cash
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¡
Annual fee
for serving as a director of Ambac Assurance Corporation
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None
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¡
Annual fee
for chairing the Audit and Risk Assessment Committee of Ambac
Financial Group, Inc.
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$20,000
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Payable
quarterly in arrears in cash
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¡
Annual fee
for chairing the Compensation Committee or Governance Committee of
Ambac Financial Group, Inc.
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$10,000
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Payable
quarterly in arrears in cash
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¡
Annual fee
for serving as Presiding Director of Ambac Financial Group,
Inc.
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$75,000
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Payable
quarterly in arrears in cash
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Meeting
Fees
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¡
Annual or
special meeting of Ambac Financial Group, Inc.
stockholders
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$1,000
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Payable
quarterly in arrears in cash
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¡
Ambac
Financial Group, Inc. Board meeting
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$2,000
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Payable
quarterly in arrears in cash
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¡
Ambac
Assurance Corporation Board meeting
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$2,000
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Payable
quarterly in arrears in cash
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¡
Standing or
special committee meeting held in conjunction with a stockholder or
board meeting
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$1,000
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Payable
quarterly in arrears in cash
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¡
Standing or
special committee meeting not held in conjunction with a
stockholder or board meeting
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$1,000
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Payable
quarterly in arrears in cash
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Travel
and Related Expenses
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¡
Travel and
related expenses incurred in attending a stockholder, board or
committee meeting
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100% of
expenses incurred
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Payable in cash
promptly upon submission of receipts to the Ambac Financial Group,
Inc.
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