Document:

Exhibit 10.1.7

 

SIXTH LEASE MODIFICATION
AGREEMENT

 

SIXTH
LEASE MODIFICATION AGREEMENT (hereinafter called this “Agreement”) dated
as of the 29th day of March, 2007 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”).

 

W I T N E S S E T H:

 

WHEREAS:

 

A.     Landlord
and Tenant have heretofore entered into a certain lease dated September 26,
2002, as amended by that certain First Lease Modification Agreement
(hereinafter called the “First Modification”) dated as of May 7,
2003, by that certain Second Lease Modification Agreement (hereinafter called
the “Second Modification”) dated as of July 31, 2003, by that
certain Third Lease Modification Agreement (hereinafter called the “Third
Modification”) dated as of February 18, 2004, by that certain Fourth
Lease Modification Agreement (hereinafter called the “Fourth Modification”)
dated as of May 13, 2004, by that certain Substitution of Storage Space
Agreement (hereinafter called the “Storage Substitution Agreement”)
dated as of September 30, 2004 and by that certain Fifth Lease
Modification Agreement dated as of December 15, 2005 (hereinafter called
the “Fifth Modification”; such lease, as the same 

 

1

 

has been and may hereafter be further amended, being
hereinafter called the “Lease”), with respect to the entire rentable
area of the fifty-third (53rd) and seventeenth (17th) floors, certain portions
of the sixteenth (16th) floor (hereinafter collectively called the “Existing
16th Floor Premises”), and certain storage space located on the concourse
level (such space being hereinafter collectively called the “Existing
Premises”), in the building known as One Liberty Plaza, 165 Broadway, New
York, New York (hereinafter called the “Building”) for a term expiring
on January 31, 2014 (hereinafter called the “Expiration Date”) with
respect to the portions of the Existing Premises located on the 53rd and 17th
floors of the Building and the storage space located on the concourse level,
and on March 31, 2010 with respect to the Existing 16th Floor Premises, or
on such earlier date upon which the term may expire or be terminated pursuant
to any conditions of limitation or other provisions of the Lease or pursuant to
law; and

 

B.      Landlord
and Tenant hereby desire to modify the Lease to provide for the inclusion
therein of additional space located on the sixteenth (16th) floor of the
Building and the extension of the term of the Lease with respect to the
Existing 16th Floor Premises, upon and subject to the terms and conditions
hereinafter more particularly set forth.

 

NOW,
THEREFORE, in consideration of the premises and mutual covenants hereinafter
contained, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

 

2

 

1.       DEFINED
TERMS.  All capitalized terms
contained in this Agreement and not otherwise defined herein shall, for purposes
hereof, have the same meanings ascribed to them in the Lease.

 

2.       ADDITIONAL
16TH FLOOR PREMISES.  Effective
during the period commencing on the date upon which Landlord and Tenant shall
have executed this Agreement and a fully-executed counterpart of this Agreement
shall have been delivered to Tenant (hereinafter called the “Additional 16th
Floor Premises Inclusion Date”), and ending on the Expiration Date (as
defined in Paragraph A above), there shall be added to and included in the
Existing Premises the following additional space in the Building, to wit:

 

The
portion of the sixteenth (16th) floor of the Building, substantially as shown
hatched on the floor plan annexed hereto as Exhibit A (hereinafter
called the “Additional 16th Floor Premises”), which Landlord and Tenant
agree for purposes hereof shall be deemed to contain 15,093  rentable square feet.

 

Landlord does hereby lease to Tenant and Tenant does
hereby hire from Landlord the Additional 16th Floor Premises subject and
subordinate to all superior leases and superior mortgages as provided in the
Lease and upon and subject to all the covenants, agreements, terms and
conditions of the Lease as supplemented by this Agreement (other than Section 38.05
of the Lease, Paragraphs 4, 5, 6 and 8 of the First Modification, Paragraphs 5,
6, 7(b), 8 and 10 of the Second Modification, Paragraphs 4, 5, 6, 7 and 8 of
the Third Modification, Paragraphs 4, 5 and 7 of the Fourth Modification,
Paragraphs 4, 5, 7 and 8 of the Storage Substitution Agreement and Paragraphs
5, 6, 7 and 9 of the Fifth 

 

3

 

Lease Modification). 
From and after the Additional 16th Floor Premises Inclusion Date, the
term “Premises” as defined in the Lease will be deemed to include the Existing
Premises and the Additional 16th Floor Premises.  Tenant shall execute and deliver to Landlord
such documents that Landlord may reasonably request to acknowledge the
occurrence of the Additional 16th Floor Premises Inclusion Date; provided,
however, that the failure of Landlord to request, or the failure of Tenant to
execute, such documentation shall have no effect whatsoever on the obligations
of Tenant hereunder.

 

3.       EXISTING
16TH FLOOR PREMISES EXTENSION.  The
term of the Lease with respect to the Existing 16th Floor Premises (which is
currently scheduled to expire on March 31, 2010) is hereby extended for an
additional three (3) years and ten (10) months commencing on April 1,
2010 (hereinafter called the “Existing 16th Floor Premises Adjustment Date”)
so that the term of the Lease with respect to the Existing 16th Floor Premises
(and the term of the Lease with respect to the Additional 16th Floor Premises)
shall end and expire on the Expiration Date (as defined in Paragraph A above),
or on such earlier date upon which said term may expire or be terminated
pursuant to any conditions of limitation or other provisions of the Lease or
pursuant to law.   The period commencing
on the Existing 16th Floor Premises Adjustment Date and ending on the
Expiration Date is hereinafter called the “Existing 16th Floor Premises
Extension Term”.

 

4

 

4.       LEASE
MODIFICATION.

 

(a)     Effective during
the period commencing on the Additional 16th Floor Premises Inclusion Date and
ending on the Expiration Date, the Lease shall be modified as follows:

 

(i)              The
Fixed Rent payable by Tenant pursuant to Section 1.04(a) of the Lease
(as modified by Paragraph 3(a) of the First Modification, Paragraph 4(a) of
the Second Modification, Paragraph 3(a) of the Third Modification,
Paragraph 3(a) of the Fourth Modification, Paragraph 3(a) of the
Storage Substitution Agreement and Paragraphs 4(a)(1) and 4(b)(1) of
the Fifth Modification, respectively) shall be increased by the following
amounts during the following periods on account of the inclusion of the
Additional 16th Floor Premises:

 

(x)            SEVEN
HUNDRED NINETY-NINE THOUSAND NINE HUNDRED TWENTY-NINE AND 00/100 ($799,929.00)
DOLLARS per annum [or $66,660.75 per month], calculated on an annual basis at
the rate of $53.00 per rentable square foot, during the period commencing on
the Additional 16th Floor Premises Inclusion Date and ending on June 30,
2010; and

 

(y)           EIGHT
HUNDRED SIXTY THOUSAND THREE HUNDRED ONE AND 00/100 ($860,301.00) DOLLARS per
annum [or $71,691.75 per month], calculated on an annual basis at the rate of
$57.00 per rentable square foot, during the period commencing on July 1,
2010 and ending on the Expiration Date.

 

(ii)             With
respect to the Additional Charges payable pursuant to Article 3 of the
Lease (hereinafter called the “Basic Escalation Payments”) with respect
to the Existing Premises, there shall be computed, in addition to the Basic
Escalation Payments, 

 

5

 

escalation payments with respect to increases on
account of Taxes and Operating Expenses attributable to the Additional 16th
Floor Premises.  Additional Charges with
respect to Taxes and Operating Expenses with respect to the Additional 16th Floor
Premises shall be computed in the same manner as adjustments of rent with
respect to Taxes and Operating Expenses for the purpose of the Basic Escalation
Payments, except that for the purpose of such computations with respect to the
Additional 16th Floor Premises:

 

(x)         The “Base
Operating Amount”, as such term is defined in Section 3.01(a) of the
Lease (as modified by Paragraph 4(b)(i) of the Second Modification,
Paragraph 3(b)(i) of the Third Modification and Paragraphs 4(a)(2)(i) and
4(b)(2)(i) of the Fifth Modification), shall mean the Operating Expenses
incurred for the Operating Year commencing on January 1, 2007;

 

(y)        The “Base Tax Amount”, as such term is
defined in Section 3.01(b) of the Lease (as modified by Paragraph
3(c)(i) of the First Modification, Paragraph 4(b)(ii) of the Second
Modification, Paragraph 3(b)(ii) of the Third Modification, Paragraph 3(b)(i) of
the Fourth Modification, Paragraph 3(b)(i) of the Storage Substitution
Agreement and Paragraphs 4(a)(2)(ii) and 4(b)(2)(ii) of the Fifth
Modification, respectively), shall mean one-half of the sum of (x) the
Taxes for the Tax Year commencing July 1, 2006 and (y) the Taxes for
the Tax Year commencing July 1, 2007, both as finally determined; and

 

(z)         “Tenant’s Share”, as such term is
defined in Section 3.01(i) of the Lease (as modified by Paragraph
3(c)(ii) of the First Modification, Paragraph 4(b)(iii) of the Second
Modification, Paragraph 3(b)(iii) of the Third Modification, Paragraph
3(b)(ii) of the Fourth Modification, Paragraph 3(b)(ii) of the
Storage Substitution Agreement and Paragraph 4(a)(2)(iii) of the Fifth
Modification, respectively), shall mean 0.70 (0.70%) percent with respect to
Additional 16th Floor Premises.

 

(iii)         Electrical
service shall be supplied to the Additional 16th Floor Premises on a submetered
basis in accordance with the terms and provisions of Article 14 of the
Lease, except that for purposes hereof, the words “seven (7) watts” set
forth in the 

 

6

 

first (1st) and second (2nd) sentences of Section 14.08
of the Lease shall be deleted and replaced with the words “six (6) watts”,
and Tenant agrees to purchase from Landlord or from a meter company designated
by Landlord all electricity consumed, used or to be used in the Additional 16th
Floor Premises in accordance with said Article 14.

 

(b)     Effective
during the period commencing on the Existing 16th Floor Premises Adjustment
Date (i.e., April 1, 2010) and ending on the Expiration Date, the Lease
shall be modified as follows:

 

(i)              The
Fixed Rent payable by Tenant pursuant to Section 1.04(a) of the Lease
(as modified by Paragraph 3(a) of the First Modification, Paragraph 4(a) of
the Second Modification, Paragraph 3(a) of the Third Modification,
Paragraph 3(a) of the Fourth Modification, Paragraph 3(a) of the Storage
Substitution Agreement, Paragraphs 4(a)(1) and 4(b)(1) of the Fifth
Modification and Paragraph 4(a)(i) of this Agreement, respectively) with
respect to the Existing 16th Floor Premises only shall be increased to the sum
of ONE MILLION SIX HUNDRED EIGHTEEN THOUSAND TWO HUNDRED EIGHTY-SEVEN AND
00/100 ($1,618,287.00) DOLLARS per annum [or $134,857.25 per month], calculated
on an annual basis at the rate of $57.00 per rentable square foot.

 

(ii)             For
the purposes of calculating the Additional Charges payable by Tenant pursuant
to Article 3 of the Lease with respect to the Existing 16th Floor
Premises, the following terms shall apply:

 

7

 

(x)         The “Base
Operating Amount”, as such term is defined in Section 3.01(a) of the
Lease (as modified by Paragraph 4(b)(i) of the Second Modification,
Paragraph 3(b)(i) of the Third Modification, Paragraphs 4(a)(2)(i) and
4(b)(2)(i) of the Fifth Modification and Paragraph 4(a)(ii)(x) of
this Agreement), shall mean the Operating Expenses incurred for the Operating
Year commencing on January 1, 2007; and

 

(y)        The “Base
Tax Amount”, as such term is defined in Section 3.01(b) of the Lease
(as modified by Paragraph 3(c)(i) of the First Modification, Paragraph
4(b)(ii) of the Second Modification, Paragraph 3(b)(ii) of the Third
Modification, Paragraph 3(b)(i) of the Fourth Modification, Paragraph 3(b)(i) of
the Storage Substitution Agreement, Paragraphs 4(a)(2)(ii) and 4(b)(2)(ii) of
the Fifth Modification and Paragraph 4(a)(ii)(y) of this Agreement,
respectively), shall mean one-half of the sum of (x) the Taxes for the Tax
Year commencing July 1, 2006 and (y) the Taxes for the Tax Year
commencing July 1, 2007, both as finally determined.

 

5.       ADDITIONAL
16TH FLOOR PREMISES RENT ABATEMENT. Notwithstanding the foregoing
provisions of Paragraph 4(a)(i) above, provided that Tenant is not then in
default, after notice and the expiration of any applicable cure periods, under
any of the terms, provisions or conditions of the Lease (as modified hereby),
the increase in the Fixed Rent payable hereunder with respect to Additional
16th Floor Premises only shall be abated during the ninety (90) day period
(hereinafter called the “Additional 16th Floor Premises Abatement Period”)
commencing on the Additional 16th Floor Premises Inclusion Date; provided that
Tenant shall pay the Additional Charges with respect to the Additional 16th
Floor Premises during the Additional 16th Floor Premises Abatement Period,
including, without limitation, the Additional Charges attributable to Tenant’s
consumption of electricity in the Additional 16th Floor Premises pursuant to
Paragraph 4(a)(iii) above.  There
shall be no abatement of the Fixed Rent or Additional Charges with respect to
the Existing 16th Floor Premises or any other portion of the Existing Premises.

 

8

 

6.       CONDITION
OF ADDITIONAL 16TH FLOOR PREMISES AND EXISTING 16TH FLOOR PREMISES.  Tenant agrees to accept possession of the
Additional 16th Floor Premises “as is” in the condition and state of repair in
which it exists as of the date hereof and understands and agrees that Landlord
is not required to perform any work, supply any materials, incur any expense
or, except as set forth in Paragraph 7 hereof, provide any allowance or
contribution in connection with preparing the Additional 16th Floor Premises
for Tenant’s occupancy or in connection with preparing the Existing 16th Floor
Premises for Tenant’s continued occupancy during the Existing 16th Floor
Premises Extension Term.

 

7.       TENANT’S
ADDITIONAL 16TH FLOOR PREMISES WORK AND TENANT’S EXISTING 16TH FLOOR PREMISES
WORK; 16TH FLOOR PREMISES WORK CREDIT.

 

(a)      Tenant
hereby covenants and agrees that Tenant shall, at Tenant’s sole cost and
expense, and in a good and workmanlike manner, make and complete the work and
installations to be performed by Tenant to prepare the Additional 16th Floor
Premises for Tenant’s occupancy in such manner so that the Additional 16th
Floor Premises will be reasonably
comparable in character and quality to the Existing 16th Floor Premises as it
exists on the date hereof (hereinafter called “Tenant’s Additional
16th Floor Premises Work”) and to prepare the Existing 16th Floor Premises
for Tenant’s continued occupancy during the Existing 16th Floor Premises
Extension Term in such manner so that the Existing 16th Floor Premises will be reasonably comparable in character and
quality to the Existing 16th Floor Premises as it exists on the date hereof (hereinafter
called “Tenant’s Existing 16th Floor Premises Work”; and, together with 

 

9

 

Tenant’s Additional 16th Floor Premises Work,
collectively, “Tenant’s 16th Floor Premises Work”) in accordance with
the provisions set forth in Articles 11 and 38 of the Lease (other than the
provisions of Section 38.05 thereof), except that for purposes hereof, all
references therein to the term “Tenant’s Work” shall be deemed to mean Tenant’s
Additional 16th Floor Premises Work and/or  Tenant’s
Existing 16th Floor Premises Work, as applicable, and the term “Premises” shall
be deemed to mean the Additional 16th Floor Premises and/or the Existing 16th
Floor Premises, as applicable.

 

(b)(i)      Landlord
shall allow Tenant a work allowance in the aggregate amount of up to FOUR
HUNDRED FOURTEEN THOUSAND FIVE HUNDRED SEVENTY-TWO AND 27/100 ($414,572.27)
DOLLARS (hereinafter called the “16th Floor Premises Work Credit”),
which 16th Floor Premises Work Credit shall be applied solely against the cost
and expense of the actual construction work to be performed by Tenant in
connection with Tenant’s 16th Floor Premises Work; provided, however, that
Tenant may apply up to an aggregate of ten (10%) percent of the amount of the
16th Floor Premises Work Credit for so-called “soft costs,” including, without
limitation, design consultant’s, architect’s and engineering fees (hereinafter
collectively called “Soft Costs”), incurred by Tenant in connection with
the performance of Tenant’s 16th Floor Premises Work.  In the event that the cost and expense of
such actual construction work and Soft Costs shall exceed the amount of the
16th Floor Premises Work Credit, Tenant shall be entirely responsible for such
excess.  If Tenant does not use all or
any part of the 16th Floor Premises Work Credit for Tenant’s 16th Floor
Premises Work and Soft Costs in connection therewith, then the 16th Floor
Premises Work Credit shall be reduced 

 

10

 

accordingly.  Notwithstanding that Tenant has the right to
apply the 16th Floor Premises Work Credit to the cost of Tenant’s Additional
16th Floor Premises Work and/or the cost of Tenant’s Existing 16th Floor
Premises Work, nothing contained herein shall be
deemed to waive or otherwise diminish Tenant’s obligations to complete Tenant’s
Additional 16th Floor Premises Work or Tenant’s Existing 16th Floor Premises
Work in accordance with Paragraph 7(a) above.

 

(ii)         Provided
that Tenant is not in default of any of the terms and conditions of the Lease,
the 16th Floor Premises Work Credit shall be payable by Landlord to Tenant in
installments as Tenant’s 16th Floor Premises Work progresses; but in no event
shall such installments be payable more frequently than monthly.  Nothing contained herein shall be deemed to
prohibit Tenant from commencing Tenant’s Existing 16th Floor Premises Work, or
applying the 16th Floor Premises Work Credit (or any portion thereof) to costs
incurred by Tenant, prior to the Existing 16th Floor Premises Adjustment
Date.  Prior to the payment of any such
installment of the 16th Floor Premises Work Credit, Tenant shall deliver to
Landlord a written request for disbursement (each being hereinafter called a “Tenant
Requisition”), which shall be accompanied by: (1) paid invoices from
the contractors and subcontractors performing the portion of Tenant’s 16th
Floor Premises Work referenced in such Tenant Requisition, (2) a
certificate signed by Tenant’s architect and an officer of Tenant certifying
that the portions of Tenant’s 16th Floor Premises Work represented by the
aforesaid invoices and referenced in such Tenant Requisition has been
satisfactorily completed in accordance with Tenant’s final plans with respect
thereto, as approved by Landlord, and (3) partial 

 

11

 

lien waivers (in recordable form and form satisfactory
to Landlord) from the contractors, subcontractors and all materialmen who shall
have performed any such work releasing Tenant from all liability for the
same.  Landlord shall be permitted to retain
from each disbursement an amount equal to five (5%) percent of the amount
requested to be disbursed by Tenant.  The
aggregate amount of the retainages shall be paid by Landlord to Tenant upon
completion of Tenant’s 16th Floor Premises Work and upon receipt from Tenant of
(i) a certificate signed by Tenant’s architect and an officer of Tenant
certifying that Tenant’s 16th Floor Premises Work has been satisfactorily
completed in accordance with Tenant’s final plans with respect thereto, (ii) final
“as-built” drawings as required pursuant to Section 11.08 of the Lease, as
well as CAD files on diskette and by e-mail in AutoCAD.DWG format or compatible
DXF format and PDF files on diskette and by e-mail in JPG or TIFF format,
showing the exact nature and location of Tenant’s 16th Floor Premises Work and
all sign-offs, inspection certificates and any permits required to be issued by
the New York City Building Department, Fire Department and by any other
governmental entities having jurisdiction thereover with respect to the
Additional 16th Floor Premises and the Existing 16th Floor Premises, and (iii) final lien waivers (in recordable form and
form satisfactory to Landlord) from all contractors and subcontractors
performing Tenant’s 16th Floor Premises Work and a general release from Tenant’s general contractor,
releasing Landlord and Tenant from all liability for same.  Any files to be delivered to Landlord by
e-mail as set forth in clause (ii) of the preceding sentence shall be sent
to:  Tenant.Plan@brookfieldproperties.com.

 

12

 

(iii)             At any and all times during the
progress of Tenant’s 16th Floor Premises Work, representatives of Landlord
shall have the right of access to the Additional 16th Floor Premises and the
Existing 16th Floor Premises and inspection thereof and Landlord shall have the
right to withhold payment of any portion of the 16th Floor Premises Work Credit
representing the reasonably estimated cost of any such work not being performed
in a manner reasonably satisfactory to Landlord; provided, however, that
Landlord shall incur no liability, obligation or responsibility to Tenant or
any third party by reason of such access and inspection.

 

(iv)             The 16th Floor Premises Work Credit
is being given for the benefit of Tenant only. 
No third party shall be permitted to make any claims against Landlord or
Tenant with respect to any portion of the 16th Floor Premises Work Credit.

 

8.       EXTENSION
OPTION.  Notwithstanding anything to the contrary
contained elsewhere in the Lease, Landlord and Tenant acknowledge and agree
that the provisions of Article 36 of the Lease shall hereafter apply to
the Existing 16th Floor Premises and the Additional 16th Floor Premises.

 

9.       BROKER.  Landlord and Tenant each covenant, warrant
and represent that no broker or agent except CB Richard Ellis, Inc.
(hereinafter called the “Broker”) was instrumental in bringing about or
consummating this Agreement and that neither had any conversations or
negotiations with any broker or agent except the Broker concerning the leasing
of the Additional 16th Floor Premises or the extension of the term with respect
to the Existing 16th Floor Premises. 
Tenant agrees to indemnify and hold 

 

13

 

harmless Landlord against and from any claims for any
brokerage commissions and all costs, expenses and liabilities in connection
therewith, including, without limitation, reasonable attorneys’ fees and
expenses, arising out of any conversations or negotiations had by Tenant with
any broker or agent other than the Broker with respect to this Agreement.  Landlord agrees to indemnify and hold
harmless Tenant against and from any claims for any brokerage commissions and
all costs, expenses and liabilities in connection therewith, including, without
limitation, reasonable attorneys’ fees and expenses, arising out of
conversations or negotiations had by Landlord with any broker or agent other
than the Broker with respect to this Agreement. 
Landlord agrees that it shall pay to the Broker any commission or
compensation to which the Broker may be entitled in connection with this
Agreement pursuant to a separate agreement between Landlord and the Broker.

 

10.     BLOCKED
PERSONS.  Tenant shall not permit the
Premises, or any portion thereof, to be used or occupied by or for the benefit
of any Person that the Office of Foreign Assets Control of the United States
Department of the Treasury has listed on its list of Specially Designated
Nationals and Blocked Persons (or is listed on any replacement or similar list
in the future).

 

11.     RATIFICATION
OF LEASE TERMS.  Except as modified
by this Agreement, the Lease and all of the covenants, agreements, terms and
conditions thereof shall remain in full force and effect and are hereby in all
respects ratified and confirmed.

 

14

 

12.     BINDING
EFFECT.  The covenants, agreements,
terms, provisions and conditions contained in this Agreement shall be binding
upon and enure to the benefit of the parties hereto and their respective
successors and, except as otherwise provided in the Lease, their respective
assigns.

 

13.     WRITTEN
MODIFICATIONS.  This Agreement may
not be changed or terminated orally but only by an agreement in writing signed
by the party against whom enforcement of any waiver, change, modification,
termination or discharge is sought.

 

14.     GOVERNING
LAW.  This Agreement shall be
governed by and interpreted in accordance with the laws of the State of New
York.

 

15.     COUNTERPARTS.  This Agreement may be executed in any number
of counterparts, each of which shall, when executed, be deemed to be an
original and all of which shall be deemed to be one and the same instrument.

 

[REMAINDER
OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

 

15

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day
and year first above written.

 

	
   

  	
  BFP ONE LIBERTY PLAZA CO. LLC, Landlord

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jeremiah B. Larkin

  
	
   

  	
   

  	
  Name: Jeremiah B. Larkin

  
	
   

  	
   

  	
  Title: SVP, Director of Leasing

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  ARCH INSURANCE COMPANY, a Missouri

  corporation, Tenant

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Fred S. Eichler

  
	
   

  	
   

  	
  Name: Fred S. Eichler

  
	
   

  	
   

  	
  Title: SVP & CFO

  

 

1

 

ACKNOWLEDGEMENTS

 

	
  STATE OF NEW YORK

  	
  )

  
	
   

  	
  ) ss.:

  
	
  COUNTY OF NEW YORK

  	
  )

  

 

 

On the      day of
                                
in the year 2007, before me, the undersigned, a Notary Public in and for said
state, personally appeared
                                      ,
personally known to me or proved to me on the basis of satisfactory evidence to
be the person(s) whose name(s) is (are) subscribed to the within
instrument and acknowledged to me that he/she/they executed the same in
his/her/their capacity(ies), and that by his/her/their signature(s) on the
instrument, the person(s) or the entity upon behalf of which the person(s) acted,
executed the instrument.

 

	
   

  	
   

  
	
   

  	
  Notary Public

  

 

 

 

	
  STATE OF NEW YORK

  	
  )

  
	
   

  	
  ) ss.:

  
	
  COUNTY OF NEW YORK

  	
  )

  

 

 

On the      day of
                                
in the year 2007, before me, the undersigned, a Notary Public in and for said
state, personally appeared
                                      ,
personally known to me or proved to me on the basis of satisfactory evidence to
be the person(s) whose name(s) is (are) subscribed to the within
instrument and acknowledged to me that he/she/they executed the same in
his/her/their capacity(ies), and that by his/her/their signature(s) on the
instrument, the person(s) or the entity upon behalf of which the person(s) acted,
executed the instrument.

 

	
   

  	
   

  
	
   

  	
  Notary Public

  

 

 

2

 

EXHIBIT A

 

FLOOR PLAN OF ADDITIONAL
16TH FLOOR PREMISES

 

[To be attached]Exhibit 10.8.2

 

AMENDMENT TO

ARCH CAPITAL GROUP LTD.

2007 EMPLOYEE SHARE PURCHASE PLAN

 

The Arch Capital Group Ltd. 2007 Employee Share
Purchase Plan is amended as set forth below, effective November 7, 2007.

 

1.             The
first sentence of Section 7(c) of the Plan is amended to read as follows:

 

“Any balance remaining in an employee’s payroll
deduction account after shares have been purchased in an Offering pursuant to Section 8(b) below
will be refunded to the Participating Employee, except that, unless otherwise
determined by the Committee, any such remaining balance in an amount
representing a fractional share shall be carried forward and applied, subject
to the Participating Employee’s withdrawal right, toward the purchase of
additional stock by the Participating Employee in the subsequent Offering.”

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