<SEC-DOCUMENT>0000898822-15-000047.txt : 20150202
<SEC-HEADER>0000898822-15-000047.hdr.sgml : 20150202
<ACCEPTANCE-DATETIME>20150202172636
ACCESSION NUMBER:		0000898822-15-000047
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20150202
DATE AS OF CHANGE:		20150202

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MBIA INC
		CENTRAL INDEX KEY:			0000814585
		STANDARD INDUSTRIAL CLASSIFICATION:	SURETY INSURANCE [6351]
		IRS NUMBER:				061185706
		STATE OF INCORPORATION:			CT
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-38598
		FILM NUMBER:		15568286

	BUSINESS ADDRESS:	
		STREET 1:		1 MANHATTANVILLE ROAD
		STREET 2:		SUITE 301
		CITY:			PURCHASE
		STATE:			NY
		ZIP:			10577
		BUSINESS PHONE:		914-273-4545

	MAIL ADDRESS:	
		STREET 1:		1 MANHATTANVILLE ROAD
		STREET 2:		SUITE 301
		CITY:			PURCHASE
		STATE:			NY
		ZIP:			10577

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Warburg Pincus Private Equity X, L.P.
		CENTRAL INDEX KEY:			0001414565
		IRS NUMBER:				260849130
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		C/O WARBURG PINCUS LLC
		STREET 2:		450 LEXINGTON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		212-878-0600

	MAIL ADDRESS:	
		STREET 1:		C/O WARBURG PINCUS LLC
		STREET 2:		450 LEXINGTON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>sc13d.htm
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: Wachtell Lipton
    Document created using Disclosure Solutions PROFILE 2.6.2.0
    Copyright 1995 - 2015 Thomson Reuters Accelus.  All rights reserved.-->
</head>
<body style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" bgcolor="#ffffff" text="#000000">
<div>
<div style="TEXT-ALIGN: left"><a name="DisableLHButton"><!--Anchor--></a><br>
</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 18pt; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SECURITIES AND EXCHANGE COMMISSION<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font> Washington, D.C. 20549</div>

<div style="TEXT-ALIGN: center"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 18pt">SCHEDULE 13D</font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">(Amendment No. 6)</font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><br>
<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">Under the Securities Exchange Act of 1934*</font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><br>
<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">MBIA Inc.</font></font><br>
 ___________________________________________________________________________________________</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 25pt; COLOR: #000000; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt; MARGIN-RIGHT: 18pt">(Name of Issuer)</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 10pt; COLOR: #000000; FONT-SIZE: 10pt">Common Stock, par value $1.00 per share</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 25pt; COLOR: #000000; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt; MARGIN-RIGHT: 18pt">___________________________________________________________________________________________</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 25pt; COLOR: #000000; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt; MARGIN-RIGHT: 18pt">(Title of Class of Securities)</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 10pt; COLOR: #000000; FONT-SIZE: 10pt">55262C100</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 12pt; COLOR: #000000; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt; MARGIN-RIGHT: 18pt">___________________________________________________________________________________________</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 12pt; COLOR: #000000; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt; MARGIN-RIGHT: 18pt">(CUSIP Number)</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 12pt; COLOR: #000000; FONT-SIZE: 10pt">ROBERT B. KNAUSS, ESQ.<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font>WARBURG PINCUS LLC<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font>450 LEXINGTON AVENUE<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font>NEW YORK, NY 10017<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font> (212) 878-0600</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 10pt; COLOR: #000000; FONT-SIZE: 10pt">(Name, Address and Telephone Number of Person<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font> Authorized to Receive Notices and Communications)</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 10pt; COLOR: #000000; FONT-SIZE: 10pt">Copy to:</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">IGOR KIRMAN, ESQ.</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 18pt; COLOR: #000000; FONT-SIZE: 10pt">VICTOR GOLDFELD, ESQ.<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font>WACHTELL, LIPTON, ROSEN &amp; KATZ<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font>51 WEST 52ND STREET<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font>NEW YORK, NY 10019<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font> (212) 403-1000</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 10pt; COLOR: #000000; FONT-SIZE: 10pt">January 30, 2015</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 18pt; COLOR: #000000; FONT-SIZE: 10pt">(Date of Event which Requires Filing of this Statement)</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 18pt; COLOR: #000000; FONT-SIZE: 10pt">___________________________________________________________________________________________</div>

<div style="MARGIN-BOTTOM: 12pt"><br>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 12pt; COLOR: #000000; FONT-SIZE: 10pt">If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of &#167;&#167;240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box&#160; <font style="FONT-FAMILY: Wingdings">o</font>.</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 12pt; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Note</font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">:&#160; </font>Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.&#160; See &#167; 240.13d-7 for other parties to whom copies are to be sent.</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 12pt; COLOR: #000000; FONT-SIZE: 10pt">* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 12pt; COLOR: #000000; FONT-SIZE: 10pt">The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; PAGE-BREAK-AFTER: always; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" id="DSPFPageBreak" noshade="noshade">
</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both">&#160;</div>

<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" cellspacing="0" cellpadding="0">
<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">1</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">NAMES OF REPORTING PERSONS.</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 10.05pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Warburg Pincus Private Equity<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> X, L.P.</font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font></font> I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: -0.25pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; MARGIN-LEFT: 9.25pt; FONT-SIZE: 10pt">26-0849130</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: middle" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">2</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 79.18%; VERTICAL-ALIGN: top" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*</div>
</td>
<td style="WIDTH: 5.33%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">(a)</div>
</td>
<td style="WIDTH: 6.82%; VERTICAL-ALIGN: bottom; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
</tr>

<tr>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 79.18%; VERTICAL-ALIGN: middle" colspan="6">
<div>&#160;</div>
</td>
<td style="WIDTH: 5.33%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">(b)</div>
</td>
<td style="WIDTH: 6.82%; VERTICAL-ALIGN: bottom; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">x</div>
</td>
</tr>

<tr style="HEIGHT: 23px">
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">3</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SEC USE ONLY</div>
</td>
</tr>

<tr>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div>&#160;</div>
</td>
</tr>

<tr style="HEIGHT: 19px">
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">4</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOURCE OF FUNDS* (SEE INSTRUCTIONS)</div>
</td>
</tr>

<tr>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OO</div>
</td>
</tr>

<tr style="HEIGHT: 26px">
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">5</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 62.39%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid" colspan="3">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) </div>
</td>
<td style="WIDTH: 11.18%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 14pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
<td style="WIDTH: 17.76%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="3">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 62.39%; VERTICAL-ALIGN: top" colspan="3">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 11.18%; VERTICAL-ALIGN: top" colspan="2">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 17.76%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="3">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">6</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Delaware</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 16.88%; VERTICAL-ALIGN: middle" rowspan="8" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">7</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOLE VOTING POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">8</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SHARED VOTING POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-SIZE: 80%; FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">9</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOLE DISPOSITIVE POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">10</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SHARED DISPOSITIVE POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-SIZE: 80%; FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">11</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
</td>
</tr>

<tr>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-SIZE: 80%; FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">12</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 69.12%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid" colspan="4">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)*</div>
</td>
<td style="WIDTH: 10.06%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 14pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
<td style="WIDTH: 12.15%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="2">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 69.12%; VERTICAL-ALIGN: middle" colspan="4">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.06%; VERTICAL-ALIGN: middle" colspan="2">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.15%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="2">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">13</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">25.9%</font><font style="FONT-SIZE: 80%; FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;*</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">14</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">TYPE OF REPORTING PERSON*</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">PN</div>
</td>
</tr>
</table>

<div><br>
</div>

<div style="TEXT-ALIGN: left"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224; </sup>The information set forth in Items 4, 5 and 6 is incorporated herein by reference.</div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup> Includes warrants held by Warburg Pincus Private Equity X, L.P. ("WP X") that are exercisable for a total of<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font>5,915,362 shares of Common Stock of MBIA, Inc. ("MBIA"), as further detailed in Item 5.</div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">*Calculation based on the total number of shares of Common Stock outstanding calculated as the sum of 193,197,265 shares of Common Stock of MBIA outstanding as of October 30, 2014, based on information included in MBIA's Form 10-Q (for the quarterly period ended September 30, 2014), plus the 5,915,362 shares of Common Stock of MBIA for which warrants issued to WP X are exercisable and that are included in the amount beneficially owned by WP X above.</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; PAGE-BREAK-AFTER: always; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" id="DSPFPageBreak" noshade="noshade">
</div>

<div><br>
</div>

<div style="TEXT-ALIGN: left"><a name="DisableLHButton"><!--Anchor--></a><br>
</div>

<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" cellspacing="0" cellpadding="0">
<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">1</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">NAMES OF REPORTING PERSONS.</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 10.05pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Warburg Pincus </font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">X, L.P.</font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font> I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; MARGIN-LEFT: 9.25pt; FONT-SIZE: 10pt">26-0403670</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: middle" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">2</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 79.18%; VERTICAL-ALIGN: top" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*</div>
</td>
<td style="WIDTH: 5.33%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">(a)</div>
</td>
<td style="WIDTH: 6.82%; VERTICAL-ALIGN: bottom; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
</tr>

<tr>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 79.18%; VERTICAL-ALIGN: middle" colspan="6">
<div>&#160;</div>
</td>
<td style="WIDTH: 5.33%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">(b)</div>
</td>
<td style="WIDTH: 6.82%; VERTICAL-ALIGN: bottom; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">x</div>
</td>
</tr>

<tr style="HEIGHT: 23px">
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">3</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SEC USE ONLY</div>
</td>
</tr>

<tr>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div>&#160;</div>
</td>
</tr>

<tr style="HEIGHT: 19px">
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">4</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOURCE OF FUNDS* (SEE INSTRUCTIONS)</div>
</td>
</tr>

<tr>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OO</div>
</td>
</tr>

<tr style="HEIGHT: 26px">
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">5</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 62.39%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid" colspan="3">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)&#160;</div>
</td>
<td style="WIDTH: 11.18%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 14pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
<td style="WIDTH: 17.76%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="3">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 62.39%; VERTICAL-ALIGN: top" colspan="3">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 11.18%; VERTICAL-ALIGN: top" colspan="2">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 17.76%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="3">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">6</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Delaware</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 16.88%; VERTICAL-ALIGN: middle" rowspan="8" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">7</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOLE VOTING POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">8</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SHARED VOTING POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">9</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOLE DISPOSITIVE POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">10</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SHARED DISPOSITIVE POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">11</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
</td>
</tr>

<tr>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">12</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 69.12%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid" colspan="4">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)*</div>
</td>
<td style="WIDTH: 10.06%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 14pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
<td style="WIDTH: 12.15%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="2">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 69.12%; VERTICAL-ALIGN: middle" colspan="4">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.06%; VERTICAL-ALIGN: middle" colspan="2">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.15%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="2">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">13</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">25.9%</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;*</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">14</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">TYPE OF REPORTING PERSON*</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">PN</div>
</td>
</tr>
</table>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224; </sup>The information set forth in Items 4, 5 and 6 is incorporated herein by reference.</div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup> Includes warrants held by WP X that are exercisable for a total of<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font>5,915,362 shares of Common Stock of MBIA, as further detailed in Item 5.</div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">*Calculation based on the total number of shares of Common Stock outstanding calculated as the sum of 193,197,265 shares of Common Stock of MBIA outstanding as of October 30, 2014, based on information included in MBIA's Form 10-Q (for the quarterly period ended September 30, 2014), plus the 5,915,362 shares of Common Stock of MBIA for which warrants issued to WP X are exercisable and that are included in the amount beneficially owned by WP X above.</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; PAGE-BREAK-AFTER: always; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" id="DSPFPageBreak" noshade="noshade">
</div>

<div><br>
</div>

<div style="TEXT-ALIGN: left"><a name="DisableLHButton"><!--Anchor--></a><br>
</div>

<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" cellspacing="0" cellpadding="0">
<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">1</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">NAMES OF REPORTING PERSONS.</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 10.05pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Warburg Pincus </font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">X GP L.P.</font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font> I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; MARGIN-LEFT: 9.25pt; FONT-SIZE: 10pt">26-0403605</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: middle" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">2</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 79.18%; VERTICAL-ALIGN: top" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*</div>
</td>
<td style="WIDTH: 5.33%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">(a)</div>
</td>
<td style="WIDTH: 6.82%; VERTICAL-ALIGN: bottom; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
</tr>

<tr>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 79.18%; VERTICAL-ALIGN: middle" colspan="6">
<div>&#160;</div>
</td>
<td style="WIDTH: 5.33%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">(b)</div>
</td>
<td style="WIDTH: 6.82%; VERTICAL-ALIGN: bottom; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">x</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">3</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SEC USE ONLY</div>
</td>
</tr>

<tr>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">4</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOURCE OF FUNDS* (SEE INSTRUCTIONS)</div>
</td>
</tr>

<tr>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OO</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">5</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 62.39%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid" colspan="3">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)</div>
</td>
<td style="WIDTH: 11.18%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 14pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
<td style="WIDTH: 17.76%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="3">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 62.39%; VERTICAL-ALIGN: top" colspan="3">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 11.18%; VERTICAL-ALIGN: top" colspan="2">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 17.76%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="3">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">6</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
</td>
</tr>

<tr style="HEIGHT: 21px">
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Delaware</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 16.88%; VERTICAL-ALIGN: middle" rowspan="8" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">7</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOLE VOTING POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">8</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SHARED VOTING POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">9</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOLE DISPOSITIVE POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">10</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SHARED DISPOSITIVE POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">11</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
</td>
</tr>

<tr>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">12</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 69.12%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid" colspan="4">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)*</div>
</td>
<td style="WIDTH: 10.06%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 14pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
<td style="WIDTH: 12.15%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="2">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 69.12%; VERTICAL-ALIGN: middle" colspan="4">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.06%; VERTICAL-ALIGN: middle" colspan="2">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.15%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="2">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">13</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">25.9%</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;*</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">14</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">TYPE OF REPORTING PERSON*</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">PN</div>
</td>
</tr>
</table>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224; </sup>The information set forth in Items 4, 5 and 6 is incorporated herein by reference.</div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup> Includes warrants held by WP X that are exercisable for a total of<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font>5,915,362 shares of Common Stock of MBIA, as further detailed in Item 5.</div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">*Calculation based on the total number of shares of Common Stock outstanding calculated as the sum of 193,197,265 shares of Common Stock of MBIA&#160;outstanding as of October 30, 2014, based on information included in MBIA's Form 10-Q (for the quarterly period ended September 30, 2014), plus the 5,915,362 shares of Common Stock of MBIA for which warrants issued to WP X are exercisable and that are included in the amount beneficially owned by WP X above.</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; PAGE-BREAK-AFTER: always; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" id="DSPFPageBreak" noshade="noshade">
</div>

<div><br>
</div>

<div style="TEXT-ALIGN: left"><a name="DisableLHButton"><!--Anchor--></a><br>
</div>

<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" cellspacing="0" cellpadding="0">
<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">1</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">NAMES OF REPORTING PERSONS.</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 10.05pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">WPP GP LLC</font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font> I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; MARGIN-LEFT: 9.25pt; FONT-SIZE: 10pt">47-2029791</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">2</div>
</td>
<td style="WIDTH: 79.18%; VERTICAL-ALIGN: top" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*</div>
</td>
<td style="WIDTH: 5.33%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">(a)</div>
</td>
<td style="WIDTH: 6.82%; VERTICAL-ALIGN: bottom; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 79.18%; VERTICAL-ALIGN: middle" colspan="6">
<div>&#160;</div>
</td>
<td style="WIDTH: 5.33%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">(b)</div>
</td>
<td style="WIDTH: 6.82%; VERTICAL-ALIGN: bottom; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">x</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">3</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SEC USE ONLY</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">4</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOURCE OF FUNDS* (SEE INSTRUCTIONS)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OO</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">5</div>
</td>
<td style="WIDTH: 62.39%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid" colspan="3">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)</div>
</td>
<td style="WIDTH: 11.18%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 14pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
<td style="WIDTH: 17.76%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="3">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 62.39%; VERTICAL-ALIGN: top" colspan="3">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 11.18%; VERTICAL-ALIGN: top" colspan="2">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 17.76%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="3">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">6</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Delaware</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 16.88%; VERTICAL-ALIGN: middle" rowspan="8" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">7</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOLE VOTING POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">8</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SHARED VOTING POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">9</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOLE DISPOSITIVE POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">10</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SHARED DISPOSITIVE POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">11</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">12</div>
</td>
<td style="WIDTH: 69.12%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid" colspan="4">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)*</div>
</td>
<td style="WIDTH: 10.06%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 14pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
<td style="WIDTH: 12.15%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="2">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 69.12%; VERTICAL-ALIGN: middle" colspan="4">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.06%; VERTICAL-ALIGN: middle" colspan="2">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.15%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="2">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">13</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">25.9%</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;*</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">14</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">TYPE OF REPORTING PERSON*</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OO</div>
</td>
</tr>
</table>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224; </sup>The information set forth in Items 4, 5 and 6 is incorporated herein by reference.</div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup> Includes warrants held by WP X that are exercisable for a total of<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font>5,915,362 shares of Common Stock of MBIA, as further detailed in Item 5.</div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">*Calculation based on the total number of shares of Common Stock outstanding calculated as the sum of 193,197,265 shares of Common Stock of MBIA outstanding as of October 30, 2014, based on information included in MBIA's Form 10-Q (for the quarterly period ended September 30, 2014), plus the 5,915,362 shares of Common Stock of MBIA for which warrants issued to WP X are exercisable and that are included in the amount beneficially owned by WP X above.</div>

<br>
<br>
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><a name="_bclHeader4"><!--Anchor--></a><a name="_bclHeader6"><!--Anchor--></a><a name="_bclFooter8"><!--Anchor--></a><a name="_bclFooter10"><!--Anchor--></a><a name="_bclHeader11"><!--Anchor--></a><a name="_bclHeader10"><!--Anchor--></a><!--Anchor--><a name="_bclFooter4"><!--Anchor--></a></div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; PAGE-BREAK-AFTER: always; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" id="DSPFPageBreak" noshade="noshade">
</div>

<div><br>
</div>

<div style="TEXT-ALIGN: left"><a name="DisableLHButton"><!--Anchor--></a><br>
</div>

<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" cellspacing="0" cellpadding="0">
<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">1</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">NAMES OF REPORTING PERSONS.</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 10.05pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Warburg Pincus Partners, L.P.</font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font> I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; MARGIN-LEFT: 9.25pt; FONT-SIZE: 10pt">13-4069737</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: middle" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">2</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 79.18%; VERTICAL-ALIGN: top" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*</div>
</td>
<td style="WIDTH: 5.33%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">(a)</div>
</td>
<td style="WIDTH: 6.82%; VERTICAL-ALIGN: bottom; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
</tr>

<tr>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 79.18%; VERTICAL-ALIGN: middle" colspan="6">
<div>&#160;</div>
</td>
<td style="WIDTH: 5.33%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">(b)</div>
</td>
<td style="WIDTH: 6.82%; VERTICAL-ALIGN: bottom; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">x</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">3</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SEC USE ONLY</div>
</td>
</tr>

<tr>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">4</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOURCE OF FUNDS* (SEE INSTRUCTIONS)</div>
</td>
</tr>

<tr>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OO</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">5</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 62.39%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid" colspan="3">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)</div>
</td>
<td style="WIDTH: 11.18%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 14pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
<td style="WIDTH: 17.76%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="3">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 62.39%; VERTICAL-ALIGN: top" colspan="3">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 11.18%; VERTICAL-ALIGN: top" colspan="2">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 17.76%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="3">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">6</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Delaware</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 16.88%; VERTICAL-ALIGN: middle" rowspan="8" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">7</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOLE VOTING POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">8</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SHARED VOTING POWER</div>
</td>
</tr>

<tr style="HEIGHT: 18px">
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">9</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOLE DISPOSITIVE POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">10</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SHARED DISPOSITIVE POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">11</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
</td>
</tr>

<tr>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">12</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 69.12%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid" colspan="4">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)*</div>
</td>
<td style="WIDTH: 10.06%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 14pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
<td style="WIDTH: 12.15%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="2">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 69.12%; VERTICAL-ALIGN: middle" colspan="4">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.06%; VERTICAL-ALIGN: middle" colspan="2">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.15%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="2">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">13</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">25.9%</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;*</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">14</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">TYPE OF REPORTING PERSON*</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">PN</div>
</td>
</tr>
</table>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224; </sup>The information set forth in Items 4, 5 and 6 is incorporated herein by reference.</div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup> Includes warrants held by WP X that are exercisable for a total of<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font>5,915,362 shares of Common Stock of MBIA, as further detailed in Item 5.</div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">*Calculation based on the total number of shares of Common Stock outstanding calculated as the sum of 193,197,265 shares of Common Stock of MBIA outstanding as of October 30, 2014, based on information included in MBIA's Form 10-Q (for the quarterly period ended September 30, 2014), plus the 5,915,362 shares of Common Stock of MBIA for which warrants issued to WP X are exercisable and that are included in the amount beneficially owned by WP X above.</div>

<br>
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><!--Anchor--></div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; PAGE-BREAK-AFTER: always; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" id="DSPFPageBreak" noshade="noshade">
</div>

<div><br>
</div>

<div style="TEXT-ALIGN: left"><a name="DisableLHButton"><!--Anchor--></a><br>
</div>

<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" cellspacing="0" cellpadding="0">
<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">1</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">NAMES OF REPORTING PERSONS.</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 10.05pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Warburg Pincus Partners GP LLC</font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font> I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; MARGIN-LEFT: 9.25pt; FONT-SIZE: 10pt">47-1971658</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: middle" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">2</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 79.18%; VERTICAL-ALIGN: top" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*</div>
</td>
<td style="WIDTH: 5.33%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">(a)</div>
</td>
<td style="WIDTH: 6.82%; VERTICAL-ALIGN: bottom; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
</tr>

<tr>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 79.18%; VERTICAL-ALIGN: middle" colspan="6">
<div>&#160;</div>
</td>
<td style="WIDTH: 5.33%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">(b)</div>
</td>
<td style="WIDTH: 6.82%; VERTICAL-ALIGN: bottom; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">x</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">3</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SEC USE ONLY</div>
</td>
</tr>

<tr>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">4</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOURCE OF FUNDS* (SEE INSTRUCTIONS)</div>
</td>
</tr>

<tr>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OO</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">5</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 62.39%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid" colspan="3">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)</div>
</td>
<td style="WIDTH: 11.18%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 14pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
<td style="WIDTH: 17.76%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="3">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 62.39%; VERTICAL-ALIGN: top" colspan="3">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 11.18%; VERTICAL-ALIGN: top" colspan="2">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 17.76%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="3">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">6</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Delaware</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 16.88%; VERTICAL-ALIGN: middle" rowspan="8" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">7</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOLE VOTING POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">8</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SHARED VOTING POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">9</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOLE DISPOSITIVE POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">10</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SHARED DISPOSITIVE POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">11</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
</td>
</tr>

<tr>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">12</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 69.12%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid" colspan="4">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)*</div>
</td>
<td style="WIDTH: 10.06%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 14pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
<td style="WIDTH: 12.15%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="2">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 69.12%; VERTICAL-ALIGN: middle" colspan="4">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.06%; VERTICAL-ALIGN: middle" colspan="2">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.15%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="2">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">13</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">25.9%</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;*</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">14</div>
</td>
<td style="BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">TYPE OF REPORTING PERSON*</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OO</div>
</td>
</tr>
</table>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224; </sup>The information set forth in Items 4, 5 and 6 is incorporated herein by reference.</div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup> Includes warrants held by WP X that are exercisable for a total of<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font>5,915,362 shares of Common Stock of MBIA, as further detailed in Item 5.</div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">*Calculation based on the total number of shares of Common Stock outstanding calculated as the sum of 193,197,265 shares of Common Stock of MBIA&#160;outstanding as of October 30, 2014, based on information included in MBIA's Form 10-Q (for the quarterly period ended September 30, 2014), plus the 5,915,362 shares of Common Stock of MBIA for which warrants issued to WP X are exercisable and that are included in the amount beneficially owned by WP X above.</div>

<div><br>
</div>

<br>
<br>
<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; PAGE-BREAK-AFTER: always; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" id="DSPFPageBreak" noshade="noshade">
</div>

<div><br>
</div>

<div style="TEXT-ALIGN: left"><a name="DisableLHButton"><!--Anchor--></a><br>
</div>

<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" cellspacing="0" cellpadding="0">
<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">1</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">NAMES OF REPORTING PERSONS.</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 10.05pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Warburg Pincus &amp; Co.</font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font> I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; MARGIN-LEFT: 9.25pt; FONT-SIZE: 10pt">13-6358475</div>
</td>
</tr>

<tr style="HEIGHT: 21px">
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">2</div>
</td>
<td style="WIDTH: 79.18%; VERTICAL-ALIGN: top" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*</div>
</td>
<td style="WIDTH: 5.33%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">(a)</div>
</td>
<td style="WIDTH: 6.82%; VERTICAL-ALIGN: bottom; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 79.18%; VERTICAL-ALIGN: middle" colspan="6">
<div>&#160;</div>
</td>
<td style="WIDTH: 5.33%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">(b)</div>
</td>
<td style="WIDTH: 6.82%; VERTICAL-ALIGN: bottom; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">x</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">3</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SEC USE ONLY</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">4</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOURCE OF FUNDS* (SEE INSTRUCTIONS)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OO</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">5</div>
</td>
<td style="WIDTH: 62.39%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid" colspan="3">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)&#160;</div>
</td>
<td style="WIDTH: 11.18%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 14pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
<td style="WIDTH: 17.76%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="3">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 62.39%; VERTICAL-ALIGN: top" colspan="3">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 11.18%; VERTICAL-ALIGN: top" colspan="2">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 17.76%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="3">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">6</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">New York</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 16.88%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" rowspan="8" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">7</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOLE VOTING POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">8</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SHARED VOTING POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">9</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOLE DISPOSITIVE POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0</div>
</td>
</tr>

<tr style="HEIGHT: 15px">
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">10</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SHARED DISPOSITIVE POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">11</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">12</div>
</td>
<td style="WIDTH: 69.12%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid" colspan="4">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)*</div>
</td>
<td style="WIDTH: 10.06%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 14pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
<td style="WIDTH: 12.15%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="2">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 69.12%; VERTICAL-ALIGN: middle" colspan="4">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.06%; VERTICAL-ALIGN: middle" colspan="2">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.15%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="2">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">13</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">25.9%</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;*</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">14</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">TYPE OF REPORTING PERSON*</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">PN</div>
</td>
</tr>
</table>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224; </sup>The information set forth in Items 4, 5 and 6 is incorporated herein by reference.</div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup> Includes warrants held by WP X that are exercisable for a total of<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font>5,915,362 shares of Common Stock of MBIA, as further detailed in Item 5.</div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">*Calculation based on the total number of shares of Common Stock outstanding calculated as the sum of 193,197,265 shares of Common Stock of MBIA outstanding as of October 30, 2014, based on information included in MBIA's Form 10-Q (for the quarterly period ended September 30, 2014), plus the 5,915,362 shares of Common Stock of MBIA for which warrants issued to WP X are exercisable and that are included in the amount beneficially owned by WP X above.</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; PAGE-BREAK-AFTER: always; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" id="DSPFPageBreak" noshade="noshade">
</div>

<div><br>
</div>

<div style="TEXT-ALIGN: left"><a name="DisableLHButton"><!--Anchor--></a><br>
</div>

<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" cellspacing="0" cellpadding="0">
<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">1</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">NAMES OF REPORTING PERSONS.</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 10.05pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Warburg Pincus LLC</font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font> I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; MARGIN-LEFT: 9.25pt; FONT-SIZE: 10pt">13-3536050</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">2</div>
</td>
<td style="WIDTH: 79.18%; VERTICAL-ALIGN: top" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*</div>
</td>
<td style="WIDTH: 5.33%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">(a)</div>
</td>
<td style="WIDTH: 6.82%; VERTICAL-ALIGN: bottom; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 79.18%; VERTICAL-ALIGN: middle" colspan="6">
<div>&#160;</div>
</td>
<td style="WIDTH: 5.33%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">(b)</div>
</td>
<td style="WIDTH: 6.82%; VERTICAL-ALIGN: bottom; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">x</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">3</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SEC USE ONLY</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">4</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOURCE OF FUNDS* (SEE INSTRUCTIONS)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OO</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">5</div>
</td>
<td style="WIDTH: 62.39%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid" colspan="3">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)&#160;</div>
</td>
<td style="WIDTH: 11.18%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 14pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
<td style="WIDTH: 17.76%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="3">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 62.39%; VERTICAL-ALIGN: top" colspan="3">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 11.18%; VERTICAL-ALIGN: top" colspan="2">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 17.76%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="3">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">6</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">New York</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 16.88%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" rowspan="8" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">7</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOLE VOTING POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">8</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SHARED VOTING POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">9</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOLE DISPOSITIVE POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">10</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SHARED DISPOSITIVE POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">11</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">12</div>
</td>
<td style="WIDTH: 69.12%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid" colspan="4">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)*</div>
</td>
<td style="WIDTH: 10.06%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 14pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
<td style="WIDTH: 12.15%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="2">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 69.12%; VERTICAL-ALIGN: middle" colspan="4">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.06%; VERTICAL-ALIGN: middle" colspan="2">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.15%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="2">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">13</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">25.9%</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;*</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">14</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">TYPE OF REPORTING PERSON*</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OO</div>
</td>
</tr>
</table>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224; </sup>The information set forth in Items 4, 5 and 6 is incorporated herein by reference.</div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup> Includes warrants held by WP X that are exercisable for a total of<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font>5,915,362 shares of Common Stock of MBIA, as further detailed in Item 5.</div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">*Calculation based on the total number of shares of Common Stock outstanding calculated as the sum of 193,197,265 shares of Common Stock of MBIA outstanding as of October 30, 2014, based on information included in MBIA's Form 10-Q (for the quarterly period ended September 30, 2014), plus the 5,915,362 shares of Common Stock of MBIA for which warrants issued to WP X are exercisable and that are included in the amount beneficially owned by WP X above.</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; PAGE-BREAK-AFTER: always; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" id="DSPFPageBreak" noshade="noshade">
</div>

<div><br>
</div>

<div style="TEXT-ALIGN: left"><a name="DisableLHButton"><!--Anchor--></a><br>
</div>

<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" cellspacing="0" cellpadding="0">
<tr style="HEIGHT: 44px">
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">1</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">NAMES OF REPORTING PERSONS.</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 10.05pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Charles R. Kaye</font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font> I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">2</div>
</td>
<td style="WIDTH: 79.18%; VERTICAL-ALIGN: top" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*</div>
</td>
<td style="WIDTH: 5.33%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">(a)</div>
</td>
<td style="WIDTH: 6.82%; VERTICAL-ALIGN: bottom; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 79.18%; VERTICAL-ALIGN: middle" colspan="6">
<div>&#160;</div>
</td>
<td style="WIDTH: 5.33%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">(b)</div>
</td>
<td style="WIDTH: 6.82%; VERTICAL-ALIGN: bottom; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">x</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">3</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SEC USE ONLY</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">4</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOURCE OF FUNDS* (SEE INSTRUCTIONS)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OO</div>
</td>
</tr>

<tr style="HEIGHT: 29px">
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">5</div>
</td>
<td style="WIDTH: 62.39%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid" colspan="3">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)&#160;</div>
</td>
<td style="WIDTH: 11.18%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 14pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
<td style="WIDTH: 17.76%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="3">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 62.39%; VERTICAL-ALIGN: top" colspan="3">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 11.18%; VERTICAL-ALIGN: top" colspan="2">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 17.76%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="3">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">6</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">United States of America</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 16.88%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" rowspan="8" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">7</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOLE VOTING POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">8</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SHARED VOTING POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">9</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOLE DISPOSITIVE POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">10</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SHARED DISPOSITIVE POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">11</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">12</div>
</td>
<td style="WIDTH: 69.12%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid" colspan="4">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)*</div>
</td>
<td style="WIDTH: 10.06%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 14pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
<td style="WIDTH: 12.15%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="2">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 69.12%; VERTICAL-ALIGN: middle" colspan="4">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.06%; VERTICAL-ALIGN: middle" colspan="2">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.15%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="2">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">13</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">25.9%</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;*</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">14</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">TYPE OF REPORTING PERSON*</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">IN</div>
</td>
</tr>
</table>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224; </sup>The information set forth in Items 4, 5 and 6 is incorporated herein by reference.</div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup> Includes warrants held by WP X that are exercisable for a total of<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font>5,915,362 shares of Common Stock of MBIA, as further detailed in Item 5.</div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">*Calculation based on the total number of shares of Common Stock outstanding calculated as the sum of 193,197,265 shares of Common Stock of MBIA outstanding as of October 30, 2014, based on information included in MBIA's Form 10-Q (for the quarterly period ended September 30, 2014), plus the 5,915,362 shares of Common Stock of MBIA for which warrants issued to WP X are exercisable and that are included in the amount beneficially owned by WP X above.</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; PAGE-BREAK-AFTER: always; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" id="DSPFPageBreak" noshade="noshade">
</div>

<div><br>
</div>

<div style="TEXT-ALIGN: left"><a name="DisableLHButton"><!--Anchor--></a><br>
</div>

<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" cellspacing="0" cellpadding="0">
<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">1</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">NAMES OF REPORTING PERSONS.</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 10.05pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Joseph P. Landy</font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font> I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">2</div>
</td>
<td style="WIDTH: 79.18%; VERTICAL-ALIGN: top" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*</div>
</td>
<td style="WIDTH: 5.33%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">(a)</div>
</td>
<td style="WIDTH: 6.82%; VERTICAL-ALIGN: bottom; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 79.18%; VERTICAL-ALIGN: middle" colspan="6">
<div>&#160;</div>
</td>
<td style="WIDTH: 5.33%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">(b)</div>
</td>
<td style="WIDTH: 6.82%; VERTICAL-ALIGN: bottom; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">x</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">3</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SEC USE ONLY</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">4</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOURCE OF FUNDS* (SEE INSTRUCTIONS)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OO</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">5</div>
</td>
<td style="WIDTH: 62.39%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid" colspan="3">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)</div>
</td>
<td style="WIDTH: 11.18%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 14pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
<td style="WIDTH: 17.76%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="3">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 62.39%; VERTICAL-ALIGN: top" colspan="3">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 11.18%; VERTICAL-ALIGN: top" colspan="2">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 17.76%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="3">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">6</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">United States of America</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 16.88%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" rowspan="8" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">7</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOLE VOTING POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">8</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SHARED VOTING POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">9</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SOLE DISPOSITIVE POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 7.6%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">10</div>
</td>
<td style="WIDTH: 75.52%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">SHARED DISPOSITIVE POWER</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 75.52%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="6">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">11</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,538,239</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">12</div>
</td>
<td style="WIDTH: 69.12%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid" colspan="4">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)*</div>
</td>
<td style="WIDTH: 10.06%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid" colspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 14pt; FONT-WEIGHT: bold">&#9633;</div>
</td>
<td style="WIDTH: 12.15%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid" colspan="2">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 69.12%; VERTICAL-ALIGN: middle" colspan="4">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.06%; VERTICAL-ALIGN: middle" colspan="2">
<div>&#160;</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.15%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="2">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">13</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">25.9%</font><font style="FONT-WEIGHT: bold"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;</sup><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;*</sup></font></div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.67%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" rowspan="2">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 24pt; FONT-WEIGHT: bold">14</div>
</td>
<td style="WIDTH: 91.33%; VERTICAL-ALIGN: top; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">TYPE OF REPORTING PERSON*</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 91.33%; VERTICAL-ALIGN: middle; BORDER-RIGHT: #000000 2px solid" colspan="8">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">IN</div>
</td>
</tr>
</table>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224; </sup>The information set forth in Items 4, 5 and 6 is incorporated herein by reference.</div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#167;</sup> Includes warrants held by WP X that are exercisable for a total of<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font>5,915,362 shares of Common Stock of MBIA, as further detailed in Item 5.</div>

<div style="TEXT-ALIGN: left; MARGIN-TOP: 12pt; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">*Calculation based on the total number of shares of Common Stock outstanding calculated as the sum of 193,197,265 shares of Common Stock of MBIA outstanding as of October 30, 2014, based on information included in MBIA's Form 10-Q (for the quarterly period ended September 30, 2014), plus the 5,915,362 shares of Common Stock of MBIA for which warrants issued to WP X are exercisable and that are included in the amount beneficially owned by WP X above.</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; PAGE-BREAK-AFTER: always; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" id="DSPFPageBreak" noshade="noshade">
</div>

<div><br>
</div>

<div style="TEXT-ALIGN: left"><a name="DisableLHButton"><!--Anchor--></a><br>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 12pt; COLOR: #000000; FONT-SIZE: 10pt">This Amendment No. 6 (this "Amendment") further amends and supplements the Schedule 13D filed with the U.S. Securities and Exchange Commission on February 8, 2008 and as amended by Amendment No. 1 on February 14, 2008, by Amendment No. 2 on March 9, 2009, by Amendment No. 3 on March 13, 2009, by Amendment No. 4 on December 10, 2009 and by Amendment No. 5 on August 8, 2013 (as amended, this "Schedule 13D") and is being filed on behalf of Warburg Pincus Private Equity X, L.P., a Delaware limited partnership and its affiliated partnership ("WP X"), Warburg Pincus X, L.P., a Delaware limited partnership ("WP X LP") and the general partner of WP X, Warburg Pincus X GP L.P., a Delaware limited partnership ("WP X GP") and the general partner of WP X LP, WPP GP LLC, a Delaware limited liability company ("WPP GP") and the general partner of WP X GP, Warburg Pincus Partners, L.P., a Delaware limited partnership ("WP Partners") and the managing member of WPP GP, Warburg Pincus Partners GP LLC, a Delaware limited liability company ("WPP GP LLC") and the general partner of WP Partners, Warburg Pincus &amp; Co., a New York general partnership ("WP") and the managing member of WPP GP LLC, Warburg Pincus LLC, a New York limited liability company ("WP LLC") that manages WP X, and Charles R. Kaye and Joseph P. Landy, each a Managing General Partner of WP and Managing Member and Co-Chief Executive Officer of WP LLC (each of the foregoing, a "Warburg Pincus Reporting Person" and collectively, the "Warburg Pincus Reporting Persons").&#160; Messrs. Kaye and Landy may be deemed to control WP X, WP X LP, WP X GP, WPP GP, WP Partners, WPP GP LLC, WP and WP LLC.&#160; This Amendment relates to the common stock, par value $1.00 per share (the "Common Stock"), of MBIA Inc., a Connecticut corporation ("MBIA").&#160; Unless otherwise indicated herein, each capitalized term used but not otherwise defined in this Amendment shall have the meaning ascribed to such term in the Schedule 13D.<font style="FONT-SIZE: 5.14pt" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 12pt; COLOR: #000000; FONT-SIZE: 10pt">
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, Serif; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0">
<tr style="HEIGHT: 12px">
<td style="WIDTH: 5.03%">
<div>&#160;</div>
</td>
<td style="WIDTH: 9.3%"><strong>Item 4.</strong></td>
<td style="WIDTH: 85.67%">
<div><strong>Purpose of the Transaction</strong></div>
</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left; MARGIN-BOTTOM: 12pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>On January 30, 2015, the Warrant and B-Warrant expired. The revised securities ownership amounts set forth herein reflect the expiration of such warrants to purchase 21,914,446 shares owned by WP X.</div>

<div style="TEXT-ALIGN: left; MARGIN-BOTTOM: 12pt; FONT-WEIGHT: bold">
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, Serif; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0">
<tr style="HEIGHT: 12px">
<td style="WIDTH: 5.03%">
<div>&#160;</div>
</td>
<td style="WIDTH: 9.3%"><strong>Item 5.</strong></td>
<td style="WIDTH: 85.67%">
<div><strong>Interest in Securities of the Issuer</strong></div>
</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 12pt; COLOR: #000000; FONT-SIZE: 10pt">Items 5(a) and 5(b) are hereby amended by replacing them in their entirety with the following:</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; MARGIN-BOTTOM: 12pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">(a)</font><font style="FONT-SIZE: 5.14pt" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">WP X (i) is the beneficial owner of 45,622,877 shares of Common Stock of MBIA (over which it exercises both voting and investment power) and (ii) is the beneficial owner of the New Warrant, the B-2 Warrant 1 and the B-2 Warrant 2, which are exercisable for a total of 5,915,362 shares of Common Stock, collectively representing approximately 25.9% of the outstanding shares of Common Stock of MBIA (percentages in this Item 5 are based on the 193,197,265 shares of MBIA Common Stock outstanding as of October 30, 2014, based on information included in MBIA's Form 10-Q (for the quarterly period ended September 30, 2014), plus the 5,915,362 shares of Common Stock for which warrants issued to WP X are exercisable and that are included in the amount beneficially owned by WP X above).</font></div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 12pt; COLOR: #000000; FONT-SIZE: 10pt">Due to their respective relationships with WP X and each other, each of the Warburg Pincus Reporting Persons may be deemed to beneficially own, in the aggregate, 51,538,239 shares of Common Stock.&#160; Each of WP X LP, WP X GP, WPP GP, WP Partners, WPP GP LLC, WP, WP LLC, and Messrs. Kaye and Landy disclaims beneficial ownership of the shares of Common Stock and the warrants in which WP X has beneficial ownership, except to the extent of any indirect pecuniary interest therein.&#160; Except as described in this Item 5(a), no person listed in Item 2 of this Statement is a beneficial owner of the Common Stock or the warrants in which WP X has beneficial ownership.</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; MARGIN-BOTTOM: 12pt"><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">(b)</font><font style="FONT-SIZE: 5.14pt" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">See Item 5(a) above.</font></div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; MARGIN-BOTTOM: 12pt">
<div style="TEXT-ALIGN: left; MARGIN-BOTTOM: 12pt; FONT-WEIGHT: bold">
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, Serif; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0">
<tr style="HEIGHT: 12px">
<td style="WIDTH: 5.03%">
<div>&#160;</div>
</td>
<td style="WIDTH: 9.3%"><strong>Item 6.</strong></td>
<td style="WIDTH: 85.67%">
<div><strong>Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer</strong></div>
</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 12pt; COLOR: #000000; FONT-SIZE: 10pt">Pursuant to Rule 13d-1(k)&#160;promulgated under the Securities Exchange Act of 1934, as amended, the Warburg Pincus Reporting Persons have entered into an agreement on February 2, 2015, with respect to the joint filing of this Statement and any amendment or amendments hereto (the "Joint Filing Agreement"). The Joint Filing Agreement is attached hereto as Exhibit 1 and incorporated herein by reference.&#160;</div>
</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; PAGE-BREAK-AFTER: always; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" id="DSPFPageBreak" noshade="noshade">
</div>

<div><br>
</div>

<div style="TEXT-ALIGN: left"><a name="DisableLHButton"><!--Anchor--></a><br>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 12pt; COLOR: #000000; MARGIN-LEFT: 216pt; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>SIGNATURE</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 12pt; COLOR: #000000; FONT-SIZE: 10pt">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup></div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">Dated:&#160; February 2, 2015</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, Serif; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0">
<tr style="HEIGHT: 12px">
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.54%">
<div>&#160;</div>
</td>
<td style="WIDTH: 48.56%">
<div>WARBURG PINCUS PRIVATE EQUITY X, L.P.</div>

<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.54%">
<div>&#160;</div>
</td>
<td style="WIDTH: 48.56%">By: Warburg Pincus X, L.P., its general partner<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">5</sup>

<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.54%">
<div>&#160;</div>
</td>
<td style="WIDTH: 48.56%">
<div>By: Warburg Pincus X GP L.P., its general partner</div>

<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.54%">
<div>&#160;</div>
</td>
<td style="WIDTH: 48.56%">By: WPP GP LLC, its general partner

<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.54%">
<div>&#160;</div>
</td>
<td style="WIDTH: 48.56%">By: Warburg Pincus Partners, L.P., its managing member

<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.54%">
<div>&#160;</div>
</td>
<td style="WIDTH: 48.56%">By: Warburg Pincus Partners GP LLC, its general partner

<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.54%">
<div>&#160;</div>
</td>
<td style="WIDTH: 48.56%">By: Warburg Pincus &amp; Co., its managing member

<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.54%">
<div>&#160;</div>
</td>
<td style="WIDTH: 48.56%">By: <u>/s/ Robert B. Knauss&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u></td>
</tr>

<tr style="HEIGHT: 12px">
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.54%">
<div>&#160;</div>
</td>
<td style="WIDTH: 48.56%">Name: Robert B. Knauss</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.54%">
<div>&#160;</div>
</td>
<td style="WIDTH: 48.56%">
<div>Title: Partner</div>
</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, Serif; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.65%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.09%">WARBURG PINCUS X, L.P.

<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.65%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.09%">By: Warburg Pincus X GP L.P., its general partner

<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.65%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.09%">By: WPP GP LLC, its general partner

<div>&#160;</div>
</td>
</tr>

<tr style="HEIGHT: 29px">
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.65%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.09%">By: Warburg Pincus Partners, L.P., its managing member

<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.65%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.09%">
<div>By: Warburg Pincus Partners GP LLC, its general partner</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.65%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.09%">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.65%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.09%">By: Warburg Pincus &amp; Co., its managing member

<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.65%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.09%">
<div>By: <u>/s/ Robert B. Knauss&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u></div>

Name: Robert B. Knauss

<div>Title: Partner</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.65%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.09%">
<div>&#160;</div>
</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, Serif; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.11%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.63%">WARBURG PINCUS X GP L.P.

<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.11%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.63%">
<div>By: WPP GP LLC, its general partner</div>

<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.11%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.63%">By: Warburg Pincus Partners, L.P., its managing member

<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.11%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.63%">By: Warburg Pincus Partners GP LLC, its general partner

<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.11%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.63%">By: Warburg Pincus &amp; Co., its managing member

<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.11%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.63%">By: <u>/s/ Robert B. Knauss&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u></td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.11%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.63%">Name: Robert B. Knauss</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.11%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.63%">Title: Partner</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, Serif; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.11%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.52%">WPP GP LLC

<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.11%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.52%">
<div>By: Warburg Pincus Partners, L.P., its managing member</div>

<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.11%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.52%">
<div>By: Warburg Pincus Partners GP LLC, its general partner</div>

<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.11%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.52%">By: Warburg Pincus &amp; Co., its managing member

<div>&#160;</div>
</td>
</tr>

<tr style="HEIGHT: 14px">
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.11%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.52%">By: <u>/s/ Robert B. Knauss&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u></td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.11%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.52%">
<div>Name: Robert B. Knauss</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.11%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.52%">Title: Partner</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.11%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.52%">
<div>&#160;</div>
</td>
</tr>
</table>
</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; PAGE-BREAK-AFTER: always; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" id="DSPFPageBreak" noshade="noshade">
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, Serif; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.3%">WARBURG PINCUS PARTNERS, L.P.

<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.3%">By: Warburg Pincus Partners GP LLC, its general partner

<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.3%">
<div>By: Warburg Pincus &amp; Co., its managing member</div>

<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.3%">
<div>By: <u>/s/ Robert B. Knauss&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u></div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.3%">Name: Robert B. Knauss</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.3%">
<div>Title: Partner</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.3%">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.3%">
<div>&#160;</div>
</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, Serif; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.22%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.41%">
<div>WARBURG PINCUS PARTNERS GP LLC</div>

<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.22%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.41%">
<div>By: Warburg Pincus &amp; Co., its managing member</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.22%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.41%">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.22%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.41%">By: <u>/s/ Robert B. Knauss&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u></td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.22%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.41%">Name: Robert B. Knauss</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.22%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.41%">
<div>Title: Partner</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.22%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.41%">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.22%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.41%">
<div>&#160;</div>
</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, Serif; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0">
<tr style="HEIGHT: 13px">
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.54%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.2%">WARBURG PINCUS &amp; CO.</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.54%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.2%">
<div>&#160;</div>
</td>
</tr>

<tr style="HEIGHT: 14px">
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.54%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.2%">By: <u>/s/ Robert B. Knauss&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u></td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.54%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.2%">
<div>Name: Robert B. Knauss</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.54%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.2%">Title: Partner</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.54%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.2%">
<div>&#160;</div>
</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, Serif; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.22%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.52%">WARBURG PINCUS LLC</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.22%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.52%">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.22%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.52%">By: <font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><u>/s/ Robert B. Knauss&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u></font></td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.22%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.52%">Name: Robert B. Knauss</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.22%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.52%">
<div>Title: Managing Director</div>
</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, Serif; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.22%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.52%">CHARLES R. KAYE</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.22%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.52%">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.22%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.52%">By: <u>/s/ Robert B. Knauss&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u></td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.22%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.52%">
<div>Name: Robert B. Knauss</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.22%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.52%">Title: Attorney-in-Fact*</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, Serif; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.43%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.3%">JOSEPH P. LANDY</td>
</tr>

<tr style="HEIGHT: 12px">
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.43%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.3%">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.43%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.3%">By: <u>/s/ Robert B. Knauss&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u></td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.43%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.3%">
<div>Name: Robert B. Knauss</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%">
<div>&#160;</div>
</td>
<td style="WIDTH: 17.43%">
<div>&#160;</div>
</td>
<td style="WIDTH: 49.3%">Title: Attorney-in-Fact*</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 12pt; COLOR: #000000; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><br>
<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><br>
<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font></div>
</div>

<div>
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-BOTTOM: 12pt; COLOR: #000000; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font></div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">* Power of Attorney given by each of Mr. Kaye and Mr. Landy was previously filed with the United States Securities and Exchange Commission on November 26, 2013 as an exhibit to a statement on Form 4 filed by Warburg Pincus Private Equity IX, L.P. with respect to Laredo Petroleum Holdings, Inc. (now known as Laredo Petroleum, Inc.) and is hereby incorporated by reference.</div>

<div><br>
</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; COLOR: #000000; FONT-SIZE: 10pt">Attention:&#160; <font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Intentional misstatements or omissions of fact constitute Federal criminal violations</font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(</font><font style="FONT-STYLE: italic; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">see</font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> 18 U.S.C. 1001)</font></div>

<div><br>
</div>

<br>
<br>
</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; PAGE-BREAK-AFTER: always; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" id="DSPFPageBreak" noshade="noshade">
</div>

<div>&#160;</div>

<div>
<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">INDEX OF EXHIBITS</div>

<div><br>
</div>

<div><br>
</div>

<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" cellspacing="0" cellpadding="0">
<tr>
<td style="BORDER-BOTTOM: black 2px solid; WIDTH: 15.23%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exhibit</div>
</td>
<td style="BORDER-BOTTOM: black 2px solid; WIDTH: 84.77%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</div>
</td>
</tr>

<tr>
<td style="WIDTH: 15.23%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">1</div>
</td>
<td style="WIDTH: 84.77%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">Joint Filing Agreement, dated as of February 2, 2015, by and among Warburg Pincus Private Equity X, L.P., Warburg Pincus X, L.P., Warburg Pincus X GP L.P., WPP GP LLC, Warburg Pincus Partners, L.P., Warburg Pincus Partners GP LLC, Warburg Pincus &amp; Co., Warburg Pincus LLC, Charles R. Kaye and Joseph P. Landy.</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 15.23%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">2</div>
</td>
<td style="WIDTH: 84.77%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">Amended and Restated Investment Agreement, dated as of February 6, 2008, by and between MBIA Inc. and Warburg Pincus Private Equity X, L.P. (incorporated by reference to Exhibit 10.1 to MBIA Inc.'s Current Report on Form 8-K, filed on February 7, 2008).</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 15.23%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">3</div>
</td>
<td style="WIDTH: 84.77%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">B2- Warrant, dated as of February 6, 2008, to purchase 3,870,000 Shares of Common Stock of MBIA, Inc. (incorporated by reference to Exhibit 4.1 to MBIA Inc.'s Current Report on Form 8-K, filed on February 7, 2008).</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">&#160;</div>
</td>
</tr>

<tr style="HEIGHT: 27px">
<td style="WIDTH: 15.23%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">4</div>
</td>
<td style="WIDTH: 84.77%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">B2-Warrant, dated as of February 6, 2008, to purchase 130,000 Shares of Common Stock of MBIA Inc. (incorporated by reference to Exhibit 4.2 to MBIA Inc.'s Current Report on Form 8-K, filed on February 7, 2008).</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 15.23%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">5</div>
</td>
<td style="WIDTH: 84.77%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">Form of Certificate of Amendment (incorporated by reference to Exhibit D of Exhibit 10.1 to MBIA Inc.'s Current Report on Form 8-K, filed on February 7, 2008).</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 15.23%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">6</div>
</td>
<td style="WIDTH: 84.77%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">Letter Agreement, dated as of February 13, 2008, by and between MBIA Inc. and Warburg Pincus Private Equity X, L.P.**</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 15.23%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">7</div>
</td>
<td style="WIDTH: 84.77%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">Investment and Settlement Agreement and Waiver and Release, dated as of August 5, 2013, by and between Warburg Pincus Private Equity X, L.P., MBIA Inc. and, solely for purposes of Section 1.3 thereof, Warburg Pincus X Partners, L.P.**</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 15.23%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">8</div>
</td>
<td style="WIDTH: 84.77%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">Warrant, dated as of August 5, 2013, to purchase 1,910,417 Shares of Common Stock of MBIA Inc. (incorporated by reference to Exhibit 4.2 to MBIA Inc.'s Quarterly Report on Form 10-Q for the period ended June 30, 2013, filed on August 7, 2013).</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">&#160;</div>
</td>
</tr>
</table>

<div><br>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">**Previously filed.</div>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>jointfilingagmt.htm
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: Wachtell Lipton
    Document created using Disclosure Solutions PROFILE 2.6.2.0
    Copyright 1995 - 2015 Thomson Reuters Accelus.  All rights reserved.-->
</head>
<body style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" bgcolor="#ffffff" text="#000000">
<div>
<div style="TEXT-ALIGN: right; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">EXHIBIT I</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">JOINT FILING AGREEMENT</div>

<div><br>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of the foregoing Statement on Schedule 13D with respect to the Common Stock of MBIA Inc. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that it knows or has reason to believe that such information is inaccurate. This Agreement may be executed in any number of counterparts and all such counterparts taken together shall constitute one and the same instrument.</div>

<div><br>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">Dated: February 2, 2015</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>WARBURG PINCUS PRIVATE EQUITY X, L.P.<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160; Warburg Pincus X, L.P., its general partner</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160; Warburg Pincus X GP L.P., its general partner</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160; WPP GP LLC, its general partner</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160; Warburg Pincus Partners, L.P., its managing member</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160; Warburg Pincus Partners GP LLC, its general partner</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160; Warburg Pincus &amp; Co., its managing member</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160;<u>&#160; /s/ Robert B. Knauss&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>Name:&#160; Robert B. Knauss<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>Title:&#160; Partner</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><br>
<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>WARBURG PINCUS X, L.P.<br>
<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160; Warburg Pincus X GP L.P., its general partner</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160; WPP GP LLC, its general partner</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160; Warburg Pincus Partners, L.P., its managing member</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160; Warburg Pincus Partners GP LLC, its general partner</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160; Warburg Pincus &amp; Co., its managing member</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160;&#160;<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><u> /s/ Robert B. Knauss&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u></font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>Name:&#160; Robert B. Knauss<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>Title:&#160; Partner</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; PAGE-BREAK-AFTER: always; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" id="DSPFPageBreak" noshade="noshade">
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><br>
<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>WARBURG PINCUS X GP L.P.<br>
<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160; WPP GP LLC, its general partner</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160; Warburg Pincus Partners, L.P., its managing member</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160; Warburg Pincus Partners GP LLC, its general partner</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160; Warburg Pincus &amp; Co., its managing member</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160;&#160;<u> /s/ Robert B. Knauss&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>Name:&#160; Robert B. Knauss<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>Title:&#160; Partner</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><br>
<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>WPP GP LLC<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160; Warburg Pincus Partners, L.P., its managing member</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160; Warburg Pincus Partners GP LLC, its general partner</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160; Warburg Pincus &amp; Co., its managing member</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160;&#160;<u> /s/ Robert B. Knauss&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>Name:&#160; Robert B. Knauss<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>Title:&#160; Partner</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><br>
<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>WARBURG PINCUS PARTNERS, L.P.<br>
<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160; Warburg Pincus Partners GP LLC, its general partner</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160; Warburg Pincus &amp; Co., its managing member</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160;&#160;<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><u> /s/ Robert B. Knauss&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u></font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>Name:&#160; Robert B. Knauss<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>Title:&#160; Partner</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><br>
<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>WARBURG PINCUS PARTNERS GP LLC<br>
<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160; Warburg Pincus &amp; Co., its managing member</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160;&#160;<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><u> /s/ Robert B. Knauss&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u></font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>Name:&#160; Robert B. Knauss<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>Title:&#160; Partner</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; PAGE-BREAK-AFTER: always; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" id="DSPFPageBreak" noshade="noshade">
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><br>
<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>WARBURG PINCUS &amp; CO.</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160;&#160;<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><u> /s/ Robert B. Knauss&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u></font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>Name:&#160; Robert B. Knauss<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>Title:&#160; Partner</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><br>
<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>WARBURG PINCUS LLC</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160;&#160;<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><u> /s/ Robert B. Knauss&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u></font><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>Name:&#160; Robert B. Knauss<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>Title:&#160; Managing Director</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><br>
<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>CHARLES R. KAYE</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160;&#160;<u> /s/ Robert B. Knauss&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u></div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>Name:&#160; Robert B. Knauss<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>Title:&#160; Attorney-in-Fact*</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><br>
<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>JOSEPH P. LANDY</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt"><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>By:&#160;&#160;<u> /s/ Robert B. Knauss&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u><font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>Name:&#160; Robert B. Knauss<font style="FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt"><br>
</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font><font style="LETTER-SPACING: 9pt; FONT-SIZE: 1px">&#160;&#160;</font>Title:&#160; Attorney-in-Fact*</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; MARGIN-LEFT: 252pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">* Power of Attorney given by each of Mr. Kaye and Mr. Landy was previously filed with the United States Securities and Exchange Commission on November 26, 2013 as an exhibit to a statement on Form 4 filed by Warburg Pincus Private Equity IX, L.P. with respect to Laredo Petroleum Holdings, Inc. (now known as Laredo Petroleum, Inc.) and is hereby incorporated by reference.</div>

<div><br>
</div>

<div><br>
</div>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
