0001047469-04-007281 Sample Contracts

ARCH CAPITAL GROUP LTD. Restricted Share Agreement
Restricted Share Agreement • March 10th, 2004 • Arch Capital Group LTD • Fire, marine & casualty insurance • New York

THIS AGREEMENT, dated as of February 20, 2003, between Arch Capital Group Ltd. (the "Company"), a Bermuda company, and Dwight R. Evans (the "Employee").

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ARCH CAPITAL GROUP LTD. Restricted Share Unit Agreement
Restricted Share Unit Agreement • March 10th, 2004 • Arch Capital Group LTD • Fire, marine & casualty insurance • New York

THIS AGREEMENT, dated as of February 20, 2003, between Arch Capital Group Ltd. (the "Company"), a Bermuda company, and Constantine Iordanou (the "Employee").

THIRD LEASE MODIFICATION AGREEMENT
Lease Modification Agreement • March 10th, 2004 • Arch Capital Group LTD • Fire, marine & casualty insurance • New York

THIRD LEASE MODIFICATION AGREEMENT (hereinafter called this "Agreement") dated as of the 18th day of February, 2004 between BFP ONE LIBERTY PLAZA CO. LLC, having an office c/o Brookfield Financial Properties, Inc., One Liberty Plaza, 165 Broadway, New York, New York 10006 (hereinafter called "Landlord"), and ARCH INSURANCE COMPANY, a Missouri corporation, having an office at One Liberty Plaza, 165 Broadway, New York, New York 10006 (hereinafter called "Tenant").

AGREEMENT
Employment Agreement • March 10th, 2004 • Arch Capital Group LTD • Fire, marine & casualty insurance

This Agreement, dated as of September 17, 2003 ("Agreement"), between Arch Capital Group Ltd., a Bermuda corporation (the "Company"), and John D. Vollaro (the "Executive") amends certain terms of the Employment Agreement (as defined herein) and the Restricted Share Agreements (as defined herein) as follows.

AGREEMENT
Arch Capital Group LTD • March 10th, 2004 • Fire, marine & casualty insurance • New York

Reference is made to the Subscription Agreement dated as of October 24, 2001, as amended November 20, 2001, January 3, 2002, March 15, 2002 and January 20, 2003 (the "Subscription Agreement"), by and among Arch Capital Group Ltd., a company organized under the laws of Bermuda (the "Company"), the parties listed on the signature pages hereto and certain other persons. Capitalized terms used without definition herein have the meanings given to them in the Subscription Agreement.

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