0001104659-06-016208 Sample Contracts

ARCH CAPITAL GROUP LTD. Non-Qualified Stock Option Agreement
Non-Qualified Stock Option Agreement • March 13th, 2006 • Arch Capital Group Ltd. • Fire, marine & casualty insurance • New York

FOR GOOD AND VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, Arch Capital Group Ltd. (the “Company”), a Bermuda company, hereby grants to Marc Grandisson, an employee of the Company on the date hereof (the “Option Holder”), the option to purchase common shares, $0.01 par value per share, of the Company (“Shares”), upon the following terms:

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ARCH CAPITAL GROUP LTD. Restricted Share Agreement
Restricted Share Agreement • March 13th, 2006 • Arch Capital Group Ltd. • Fire, marine & casualty insurance • New York

THIS AGREEMENT, dated as of November 15, 2005, between Arch Capital Group Ltd. (the “Company”), a Bermuda company, and Marc Grandisson (the “Employee”).

FIFTH LEASE MODIFICATION AGREEMENT
Lease Modification Agreement • March 13th, 2006 • Arch Capital Group Ltd. • Fire, marine & casualty insurance • New York

FIFTH LEASE MODIFICATION AGREEMENT (hereinafter called this “Agreement”) dated as of the 15th day of December, 2005 between BFP ONE LIBERTY PLAZA CO. LLC, having an office c/o Brookfield Financial Properties, L.P., Three World Financial Center, 200 Vesey Street, 11th Floor, New York, New York 10281-1021 (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”).

AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • March 13th, 2006 • Arch Capital Group Ltd. • Fire, marine & casualty insurance

Amendment (“Amendment”), dated November 16, 2005, to the Employment Agreement, dated as of October 23, 2001 (the “Agreement”), among, Arch Capital Group Ltd., a Bermuda company (“Parent”), Arch Reinsurance Ltd, a Bermuda company (“Arch Re”), and Marc Grandisson (the “Executive”). Capitalized terms used without definition herein have the meanings given to them in the Agreement.

ARCH CAPITAL GROUP LTD. Restricted Share Agreement
Restricted Share Agreement • March 13th, 2006 • Arch Capital Group Ltd. • Fire, marine & casualty insurance • New York

THIS AGREEMENT, dated as of July 1, 2005, between Arch Capital Group Ltd. (the “Company”), a Bermuda company, and Preston Hutchings (the “Employee”).

AMENDMENT TO RISK CAPITAL REINSURANCE COMPANY EXECUTIVE SUPPLEMENTAL NON- QUALIFIED SAVINGS AND RETIREMENT PLAN
Executive Supplemental Non-Qualified Savings and Retirement Plan • March 13th, 2006 • Arch Capital Group Ltd. • Fire, marine & casualty insurance

The Adoption Agreement for the Risk Capital Reinsurance Company Executive Supplemental Non-Qualified Savings and Retirement Plan (the “Plan”) is amended by adding the following new Section 2 to end thereof, effective as of November 23, 1999.

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