Document:

EXHIBIT
10.4.17

FOURTH SUPPLEMENTAL AGREEMENT

THIS FOURTH SUPPLEMENTAL
AGREEMENT (this “Agreement”), dated as of the 21st day of February, 2006
(the “Effective Date”), is made between TAG 380, LLC (as
successor-in-interest to Spartan Madison Corp., “Landlord”), having an
office at 9 West 57th Street, New York, New York 10019, and Investment
Technology Group, Inc. (“Tenant”), having an office at 380 Madison
Avenue, New York, New York 10019. 

W I T N E S S E T H:

WHEREAS, by Agreement of Lease, dated as of October 4, 1996 as
supplemented and amended by the (i) First Supplemental Agreement dated as of
January 29, 1997, (ii) Added Space Agreement, dated as of September 4, 1997,
(iii) Second Supplemental Agreement dated as of November 25, 1997 and (iii)
Third Supplemental Agreement dated as of September 29, 1999, (the Agreement of
Lease, as so supplemented, shall be hereinafter referred to as the “Lease”)
Landlord did demise and let unto Tenant, and Tenant did hire and take from
Landlord, (a) the entire fourth (4th)
floor, (b) portions of the fifth (5th) and seventh (7th) floors and (c) a portion of the basement floor known as “Unit C-3.3”,
as items (a)-(c) are more particularly identified in the Lease (collectively,
the “Premises”), in the building commonly known as 380 Madison Avenue,
New York, New York (the “Building”);

WHEREAS, Landlord and Tenant desire to amend the Lease in order to
(i) provide for the leasing to Tenant of an additional portion of the
Building consisting of an additional portion of the 5th (fifth) floor of the Building,
(ii) to extend the term of the Lease and (iii) otherwise modify the Lease as
set forth herein.

NOW, THEREFORE, in
consideration of the mutual covenants contained herein, and for other good and
valuable consideration, the mutual receipt and legal sufficiency of which are
hereby acknowledged, Landlord and Tenant, for themselves, their legal
representatives, successors and/or assigns, hereby agree that the Lease hereby
is amended as set forth in this Agreement:

1.             Definitions.  (a)  All capitalized terms used in this Agreement
but not defined herein shall have the meanings ascribed thereto in the Lease;
and

(b)  All references in the Lease and in this
Agreement to the “Lease” shall mean the Lease as amended by this Agreement.

(c)  The term “Related Costs” shall mean architect’s
and engineering fees, permit fees, expediter’s fees and designers’ fees and
other “soft” costs in connection with Tenant’s Additional Work for the Premises
and similar costs.

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2.             Demise of Additional Space

(a) Subject to the terms
hereof, effective as of the Effective Date, Landlord hereby leases to Tenant,
and Tenant hereby hires and takes from Landlord on the terms and conditions of
the Lease, a portion of the 5th floor of the Building, which the parties agree
consists of seventeen thousand one hundred twenty-five (17,125) square feet of
rentable area, as shown cross-hatched to the left of the heading “Tenant ‘A’”
on the floor plan annexed hereto as Exhibit A and made a part hereof
(the “5th Floor Additional Premises”).

(b) Effective as of the
Effective Date, the 5th Floor Additional Premises shall be added to and form a
part of the Premises demised pursuant to the Lease for all purposes under the
Lease, except as otherwise expressly set forth to the contrary herein.

3.             Fixed annual rent for 5th Floor Additional
Premises.  (a) The fixed annual rent payable by Tenant
in respect of the 5th Floor Additional Premises shall be Eight Hundred
Thirty-Nine Thousand One Hundred Twenty-Five and 00/100 Dollars ($839,125.00) ($49.00
per rentable square foot) for the period commencing on that date which is one
hundred eighty days after the Effective Date (the “5th Floor Additional Premises Rent
Commencement Date” and
ending on the Expiration Date (both dates inclusive), payable in advance on the
first day of each calendar month in equal monthly installments of Sixty-Nine
Thousand Nine Hundred Twenty-Seven and Eight/100 Dollars ($69,927.08).

(b) If the 5th Floor Additional Premises Rent
Commencement Date is not the first day of a calendar month, the fixed annual
rent payment for the month in which the 5th Floor Additional Premises Rent Commencement
Date occurs shall be payable on the 5th Floor Additional Premises Rent Commencement
Date and pro-rated on a daily basis for such calendar month.

4.             Amendments Relating to the 5th Floor Additional Premises. With respect to the 5th Floor Additional
Premises only, effective as of the Effective Date, the Lease is hereby amended
as follows:

(i)            Section
3.01A(a) is deleted in its entirety and replaced with the following: “The term “Base
Tax” shall mean the Taxes payable with respect to the Property for the Tax Year
commencing on July 1, 2006 and ending on June 30, 2007.”

(ii)           Section
3.01(A)(d) is deleted in its entirety and replaced with the following:

“The term “Tenant’s Tax
Share” shall mean 1.923% calculated as a fraction, the numerator of which is
17,125, reflecting the number of rentable square feet which Landlord and Tenant
agree comprises the 5th Floor
Additional Premises, and the denominator of which is 890,479, reflecting the
number of rentable square feet which Landlord and Tenant agree comprises the
rentable square footage of the office, retail and garage area of the Building.”

(iii)          Sections
3.02(A)(a), (b) and (c) are deleted in their entirety and replaced with the
following:

“(a) “The term “Expense Base Factor” shall mean an
amount equal to the Expenses for the Operating Year 2006.”

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(b) “The term “Operating Year” shall mean each
calendar year which includes any part of the Term, and the term “Base Operating
Year” shall mean the calendar year 2006.”

(c) “The term “Tenant’s Expense Share” shall mean
2.062% calculated as a fraction, the numerator of which is 17,125, reflecting
the number of rentable square feet which Landlord and Tenant agree comprises
the 5th Floor
Additional Premises, and the denominator of which is 830,305, reflecting the
number of rentable square feet which Landlord and Tenant agree comprises the
rentable square footage of the office area of the Building.”

(iv)          The figure
nineteen and one half (19 1/2) in the second (2nd)
and fourteenth (14th) lines of Section 4.07 of the Lease is
hereby deleted and replaced with the figure nineteen (19).

(v)           Notwithstanding
anything to the contrary in the Lease, Landlord shall allow Tenant to install,
at its sole cost and expense, two (2) four inch conduits from the basement
service area to the Building core for its telecommunication and data cabling,
provided that (a) the plans for such installation shall be subject to Landlord’s
review and approval prior to the commencement of such installation and (b) the
contractor selected by Tenant to perform such installation shall be
satisfactory to Landlord.

(vi)          Subsection
21.01(b) of the Lease shall be deleted in its entirety and replaced with the
following:

“Maintain in good repair the
air conditioning, heating and ventilating systems installed by Landlord.  Air conditioning, heating and ventilation
systems will function when seasonably required (subject to the design criteria,
including occupancy and connected electric load design criteria, set forth on
Schedule O of the Lease) on Business Days from 7:00 a.m. to 6:00 p.m. in
compliance with, and subject to the conditions of, the specifications set forth
in Schedule O of the Lease.  Landlord has
informed Tenant that windows of the 5th Floor Additional Premises and the
Building are sealed, and that the 5th Floor Additional Premises may become
uninhabitable and the air therein may become unbreathable during the hours or
days when the aforesaid systems do not function automatically as described
herein.  Any use or occupancy of the 5th
Floor Additional Premises under the conditions set forth in the immediately
preceding sentence shall be at the sole risk, responsibility and hazard of
Tenant, and Landlord shall have no responsibility or liability therefor.  Such condition of the 5th Floor Additional
Premises shall not constitute nor be deemed to be a breach or a violation of
this Lease or of any provision thereof, nor shall it be deemed an actual or
constructive eviction nor shall Tenant claim or be entitled to claim any
abatement of rent nor make any claim for any damages or compensation by reason
of such condition of the 5th Floor Additional Premises.  Tenant shall cause and keep entirely
unobstructed all the vents, intakes, outlets and grilles, at all times and
shall comply with and observe all regulations and reasonable requirements
prescribed by Landlord for the proper functioning of the heating, ventilating
and air-conditioning systems serving the 5th Floor Additional Premises.  Nothing contained herein shall be deemed to
require Landlord to furnish at Landlord’s expense such electric energy as is
required to operate the air conditioning, heating and ventilating systems
serving the 5th Floor Additional Premises. 
Subject to the provisions of Article 4 of this Lease, all such electric
energy for the systems (to the extent they serve the 5th Floor Additional
Premises) shall be furnished to Tenant at Tenant’s cost and expense.  In the event that Tenant shall require air
conditioning from the core system during the hours

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or days when the core system does not function
automatically as described herein, Tenant shall give Landlord reasonable
advance notice of such requirement and Landlord shall provide same and Tenant
shall pay the Landlord’s then standard charges therefor as additional rent
hereunder, which is $350 per hour, as of the date hereof, subject to increases
from time to time.  Such charge shall be
prorated among Tenant and any other tenants of the Building which shall request
such overtime service during any time that Tenant shall also have requested
such service.

At Tenant’s request,
Landlord will permit Tenant to tap into the Building condenser water system for
up to twenty (20) additional tons of condenser water to be supplied by Landlord
without additional charge (except that the initial hookup shall be performed by
Tenant at Tenant’s expense) to operate supplemental air-conditioning units
installed by Tenant in or serving the 5th Floor Additional Premises.  Tenant shall pay a one-time tap-in fee of ONE
THOUSAND TWO HUNDRED AND NO/100 DOLLARS ($1200.00) to Landlord before receiving
any additional condenser water under this Subsection 21.01(b).  Any condenser water for such supplemental air
conditioning units in excess of the aforementioned twenty (20) tons shall be
charged at the rate of SIX HUNDRED FIFTY AND NO/100 DOLLARS ($650.00) per ton
per annum.  Any supplemental
air-conditioning units shall be installed in accordance with the provisions of
this Lease.  In the event Tenant installs
supplementary air-conditioning units serving the 5th Floor Additional Premises,
Tenant covenants and agrees, at its sole cost and expense, to maintain in full
force and effect for so long as such air-conditioning unit remains in the
Building, a maintenance agreement for the periodic maintenance of such unit on
customary terms with a contractor reasonably acceptable to Landlord and to
furnish a copy of said contract and all extensions thereof to Landlord within ten
(10) days after demand.  Landlord shall
perform routine testing and maintenance of such Building condenser water tower
and shall give Tenant reasonable prior notice of such testing.  Landlord shall cooperate with Tenant in order
to schedule such testing so as to minimize material interference with the
conduct of Tenant’s business.

In addition, Landlord shall
permit Tenant to access the façade of the Building for the purposes of
installing louvers for supplemental air-cooled air-conditioning units installed
in the 5th Floor Additional Premises provided and on condition that such
louvers shall be installed on the west side of the Building on the fifth (5th) floor façade in accordance with Schedule S of the Lease, and such
installation shall be performed in accordance with Article 42 and all other
provisions of the Lease.”

(vii)    Subsection 25.06 of the Lease shall be
deleted in its entirety and replaced with the following:

“25.06.                    (a)  Landlord represents that as
of the date of the Fourth Supplemental Agreement the following is a
comprehensive list of all Superior Instruments:

(i)            a certain ground lease dated January 26, 1989
between Irving Trust Company (“Ground Lessor”), as ground lessor and 380
Madison Avenue Partners, as Landlord’s predecessor in interest, as ground
lessee,

(ii)           a certain Agreement of Consolidation, Extension and Modification of
Mortgages, dated as of July 1, 1997 between LaSalle National Bank (“Fee
Mortgagee”) as successor-in-interest to GMAC Commercial Mortgage Corporation,
and Ground Lessor, and

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(iii)          a certain Mortgage Consolidation and Modification Agreement dated
December 19, 1997, made by Landlord’s predecessor in interest in favor of Bank
of America (“Leasehold Mortgagee”), as successor in interest to First National
Bank of Boston.

(b)           Landlord
represents that as of the date of this Agreement (1) all the Superior
Instruments are in full force and effect and Landlord has received no notices
of defaults thereunder which have remained uncured beyond the applicable grace
period set forth in the applicable Superior Instrument and (2) the Superior
Instruments do not require the prior written consent of the Ground Lessor, the
Fee Mortgagee or the Leasehold Mortgagee for the transactions contemplated by
this Agreement.”

(viii)        The following sections of the Lease shall be inapplicable to the 5th Floor Additional Premises:
Sections 1.05, 2.02, 2.03, 2.05, Articles 24, 42 and 43 and Schedules N, P and
Q.

(ix)           Schedule P of the Lease shall be replaced by Schedule S, which is
attached hereto as Exhibit D.

5.             Amendments Relating to the entire Premises:

(a)           Notwithstanding anything to the contrary in the Lease, Tenant shall not
be obligated to pay any overtime charge for supervisory labor pursuant to
Section 21.01(a) of the Lease with respect to the use of the freight elevator
service provided on a reserved basis provided that the scope of such
supervisory labor is solely for the operation of the freight elevator.

(b)           Landlord agrees that it will be reasonable in determining when Tenant
will be required to use supervisory labor for purposes other than use of the
freight elevator.

(c)           Section 2.01(b) of the Lease is deleted in its entirety and is hereby
replaced with “The “Expiration Date” of the Term shall be January 26, 2014.”

(d)           In Section 31.01 of the Lease, the addresses given for Notice to
Landlord and Notice to Tenant shall be deleted in their entirety and replaced
with the following:

if to Landlord:

Tag
380, LLC

9 W. 57th Street
 New York, New York 10019

With
a copy to:

Shearman & Sterling LLP
 599 Lexington Avenue
 New York, New York, 10022
 Attention: Chris M. Smith, Esq.

and if to Tenant:

Investment
Technology Group

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380
Madison Avenue

New York, New York 10019
 Attention: General Counsel

(e)           Article 40 of the Lease is hereby deleted in its entirety and replaced
with the following:

“40.01.    (a) If, prior to the Expiration Date Landlord from time to time intends
to offer for leasing any of the Option Space (as hereinafter defined), or
Landlord shall receive an offer from a third party (which offer is acceptable
to Landlord)to lease the Option Space, then provided (i) the Lease shall not
have been previously terminated and (ii) Tenant shall not be in material
default in the observance or performance of any of the terms, covenants or
conditions of the Lease beyond any applicable grace periods,  (items (i) and (ii)   hereinafter collectively shall be referred
to as the “Option Space Conditions”), Landlord shall first give Tenant written
notice (a “Option Space First Offer Notice”) indicating (w) which of the 5th Floor Option Space, the 7th Floor A Option Space or the 7th Floor B Option Space is
available, (x) such other terms upon which Landlord intends to offer for
leasing (or which terms were acceptable by Landlord from such third party in an
offer received by Landlord for) such Option Space and (y) the date upon which
Landlord reasonably anticipates such Option Space could be delivered to Tenant
(the “Option Space Scheduled Date”) which date shall not be less than sixty
(60) days nor more than one (1) year from the date of the Option Space First
Offer Notice.  The Option Space First
Offer Notice shall constitute an offer by Landlord to Tenant to lease that
portion of the Option Space identified in such Option Space First Offer Notice
for a term equal to that set forth in the Option Space First Offer Notice and
upon the terms contained in Section 40.01(c) below.  If Tenant desires to lease such Option Space
upon such terms, Tenant shall deliver to Landlord Tenant’s acceptance of such
Option Space (an “Option Space First Offer Acceptance”) within ten (10)
Business Days after Landlord shall have given such Option Space First Offer
Notice, time being of the essence with respect thereto. The parties agree that
if Tenant shall fail to deliver the Option Space First Offer Acceptance
strictly in accordance with this Section 40.01, time being of the essence with
respect to the delivery of an Option Space First Offer Acceptance, (w) Tenant
shall be deemed to have rejected Landlord’s offer to lease that portion of the Option
Space which was the subject of the Option Space First Offer Notice and (x)
Tenant shall have no further rights under this Section 40.01 with respect to
such Option Space except (1) if such Option Space shall remain available for
six (6) months beyond the date of the delivery of the Option Space First Offer
Notice, (2) if Landlord shall lease or receive an offer (which offer is
acceptable to Landlord) for such Option Space on terms materially less
favorable to Tenant then offer to Tenant by Landlord in the Offer Space First
Offer Notice or (3) Tenant shall have rescinded the Option Space First Offer
Acceptance in accordance with Section 40.01(e) hereof, in which case Tenant’s
rights with respect to such Option Space shall be reinstated.  Tenant’s failure to deliver an Option Space
First Offer Acceptance with respect to the Option Space that is the subject of
the Option Space First Offer Notice shall not affect Tenant’s rights with
respect to any Option Space which was not offered to Tenant for leasing in the
Option Space First Offer Notice, subject, however, to the other conditions of
this Section 40.01.  If Tenant disputes
Landlord’s claim that Tenant is in material default beyond any applicable grace
periods, then, provided Tenant shall prevail in any contest with respect to
such dispute, such claim of default shall not operate to bar Tenant’s exercise
of its rights to Option Space hereunder during the pendency of such dispute.

(b)  “Option Space” as used herein shall mean any
of the following: (i) 16,397 rentable square feet on the fifth (5th) floor of
the Building as shown to the left of the heading “Tenant ‘B’” on Exhibit A
(the “Fifth Floor Option Space”); (ii) 13,028 rentable square feet on the
seventh (7th) floor of the Building as shown to the left of the heading “Tenant
‘A’” on Exhibit B attached hereto and made a part hereof (the “Seventh
Floor A Option Space”) and (iii) 6,623 rentable square feet on the seventh
(7th) floor of the Building as shown to the left of the heading “Tenant ‘B’” on
Exhibit B (the “Seventh Floor B Option Space) which Landlord intends to
offer for leasing.  Notwithstanding the
foregoing, Option Space

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shall not include any space
(i) which is subject to (a) a lease which grants the tenant thereunder any
unexpired rights of renewal or extension as to such space or (b) the right,
option or obligation of any other tenant or person to lease such space, (ii)
which Landlord intends to offer to the existing tenant of such space
notwithstanding the absence of any renewal or extension rights in such tenant’s
existing lease, provided, however, that if such existing tenant rejects such
offer by Landlord, such space shall become Option Space if such space would
otherwise be Option Space pursuant to the provisions of this Section 40.01 or (iii)
which Landlord intends to lease or otherwise make available to an affiliate of
Landlord.

(c)  Provided the Option Space Conditions are
satisfied, in the event Tenant delivers to Landlord the Option Space First
Offer Acceptance as to the offered Option Space in accordance with Section
40.01(a) hereof, the Option Space shall become, and be deemed to comprise, part
of the Premises as if originally included within this Lease on the Option Space
Effective Date (as hereinafter defined) upon the following terms and
conditions, which shall be applicable only to the Option Space:

(i)            the fixed annual rent payable shall be $49.00
per rentable square foot of such Option Space.

(ii)           The “Expense Base Factor” shall mean an amount equal to the Expenses
for the Operating Year 2006.

(iii)          The term “Operating Year” shall mean each calendar year which includes
any part of the Term, the term “Base Operating Year” shall mean the calendar
year 2006, and The term “Base Tax” shall mean the Taxes payable with respect to
the Property for the Tax Year commencing on July 1, 2006 and ending on June 30,
2007.

(iv)          The term “Tenant’s Tax Share” shall mean (x) with respect to the
Seventh Floor A Option Space, 1.463%, (y) with respect to the Seventh Floor B
Option Space, .744% and (z) with respect to the Fifth Floor Option Space,
1.839%.

(v)           The
term “Tenant’s Expense Share” shall mean (x) with respect to the Seventh Floor
A Option Space, 1.569%, (y) with respect to the Seventh Floor B Option Space,
..798% and (z) with respect to the Fifth Floor Option Space, 1.975%.

(vi)          With
respect to the Fifth Floor Option Space, the Seventh Floor A Option Space and
the Seventh Floor B Option Space, Tenant acknowledges and agrees that the
portion of the floor on which such Option Space is located shall be deemed to
contain approximately (with respect to such Option Space) 16,379, 13,028 and
6,623 rentable square feet, respectively.

(vii)         Tenant
shall receive an additional work credit in an amount equal to $5.00 multiplied
by the number of rentable square feet contained in such Option Space multiplied
by the number of years (and/or partial years) remaining in the lease term
(and/or partial years) between the Option Space Effective Date for such Option
Space and the Effective Date.

(viii)        Tenant
shall receive an abatement of rent in an amount equal to the product of
seventy-five percent (75%) of the amount of fixed annual rent payable for one
(1) month for such Option Space multiplied by the number of years (and/or
partial years) remaining in the lease term between the Option Space Effective
Date for such Option Space and the Expiration Date.

(ix)           The Option Space shall be leased to Tenant upon the terms and
conditions of such Option Space First Offer Notice (except as set forth above
or below) and the terms of

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the Lease (except as set
forth above or below); it being agreed that the terms of the Option Space First
Offer Notice shall supersede any conflicting or inconsistent terms of the
Lease.

(d)           The “Option Space Effective Date” shall be that day on which Landlord
delivers vacant, exclusive possession of the Option Space to Tenant.  Landlord shall endeavor to deliver vacant,
exclusive possession of the entire Option Space in question to Tenant on or
prior to the Option Space Scheduled Date, provided that Landlord shall have no
obligation to institute and prosecute any holdover or other appropriate
proceedings, whether similar or dissimilar, against any occupant of the Option
Space in question.

(e)           If Landlord is unable to deliver vacant, exclusive possession of the
Option Space to Tenant for any reason, including the holding over of the prior
tenant, on the Option Space Scheduled Date, Landlord shall not be subject to
any liability therefor, and this Lease shall not be impaired under such
circumstances, but Landlord shall continue to endeavor to obtain and deliver to
Tenant vacant, exclusive possession of the Option Space until Landlord’s
receipt of Tenant’s notice to rescind its Option Space First Offer Acceptance
as to such Option Space as described in subsection (g) below, whereupon
Landlord shall cease to have any further obligations to Tenant with respect to
such Option Space.  If Landlord does not
receive Tenant’s notice to rescind its Option Space First Offer Acceptance on
or before the first anniversary of the Option Space Scheduled Date for such
Option Space, Tenant’s right to rescind the Option Space First Offer Acceptance
shall thereafter be deemed null and void. 
Tenant hereby waives any right to rescind this Lease under the
provisions of Section 223(a) of the Real Property Law of the State of New York
and agrees that the provisions of this Article are intended to constitute “an
express provision to the contrary” within the meaning of said Section 223(a).

(f)            Tenant shall accept the Option Space in its “as
is” condition on the Option Space Effective Date and consistent with all the
terms and conditions of this lease (other than the provisions of Articles 2 and
43 and Sections 1.05, 40.01(c)(vi), (c)(vii) and 40.01(j).  Landlord shall have no obligation to increase
the quantity or character of electric service servicing the Option Space.

(g)           With respect to any Option Space as to which Landlord is unable to
deliver vacant, exclusive possession thereof for any reason within one (1) year
after the Option Space Scheduled Date, Tenant may request that Landlord
institute holdover or other appropriate proceedings against any occupant of
such Option Space, it being understood that Landlord shall have no obligation
to do so.  Provided that Tenant has
served such notice as aforesaid, and provided further that Landlord has not
instituted holdover or other appropriate proceedings against any occupant of
such Option Space, Tenant shall have the right, as and for its sole remedy, by
written notice to Landlord, to rescind its Option Space First Offer Acceptance
as to such Option Space at any time after the expiration of said one (1) year
period until eighteen (18) months after the Option Space Scheduled Date for
such Option Space.  Upon the thirtieth
(30th) day following Landlord’s receipt of Tenant’s aforesaid notice to rescind
its Option Space First Offer Acceptance (provided that Landlord shall not
theretofore have delivered to Tenant vacant, exclusive possession of such
Option Space or have instituted holdover or other appropriate proceedings
against any occupant of such Option Space), the provisions of this Section
40.01 shall automatically cease to apply to such Option Space only (but the
foregoing shall not affect the validity of the provisions of this Section 40.01
as same shall apply to any other Option Space or affect any other provisions of
the Lease).  If Landlord shall commence
such proceedings as aforesaid, Landlord shall thereafter pursue same in a
reasonably diligent fashion.

(h)           Landlord agrees, upon delivery of an Option Space First Offer Notice to
Tenant with respect to any Option Space, that Tenant may inspect such Option
Space upon reasonable verbal notice to Landlord, subject to the rights of any
tenants or occupants thereof.

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(i)            Tenant’s right to take any additional Option
Space is personal to the named Tenant and Tenant’s Affiliates and shall not
inure to the benefit of any other successors (other than their successor by
merger, consolidation or sale of substantially all of its assets), assigns or sublessees
of the named Tenant or Tenant’s Affiliates.

(j)            As promptly as practicable after Tenant’s
delivery of an Option Space First Offer Acceptance, the parties shall execute
and deliver to each other a supplemental agreement to the Lease which shall set
forth all terms and conditions with respect to Tenant’s lease of the Option
Space.  With respect to the 7th Floor A
Option Space or 7th Floor B Option Space, such supplemental agreement shall set
forth Landlord’s obligation to perform Landlord’s Additional Work, which shall
be defined as set forth in Section 5(a) hereof, with the exception that
Landlord shall not be obligated to renovate any bathrooms on the seventh (7th)
floor.

(k)           From and after the Effective Date, Landlord covenants and agrees not to
grant a right to offer space to any other tenant in the Building on or after
the date hereof superior to Tenant’s rights pursuant to this Section 40.01 with
respect to any Option Space during the term of this Lease.  Landlord hereby represents that to the best
of Landlord’s knowledge, no Existing Tenant has an option to rent the Option
Space in its lease.

6.             Condition of the 5th Floor Additional
Premises.  (a) Tenant acknowledges that Landlord has
made no representations to Tenant with respect to the condition of the 5th Floor Additional Premises,
except as set forth herein.  Tenant
hereby represents and warrants that it has made a thorough inspection of all of
the 5th Floor
Additional Premises and agrees to take the same “as-is”, with all existing
furniture and fixtures, in the condition existing on the Effective Date,
provided that Landlord agrees to deliver the 5th Floor Additional Premises free of any
occupants and in a “broom-clean” and vacant condition on the Effective Date and
provided that Landlord’s Additional Work (as hereinafter defined) shall be
performed in compliance with all laws and in a good workmanlike manner on or
before the date which is one hundred twenty (120) days following the Effective
Date (such one hundred twenty day (120) period, the “Landlord Work Period”).
Notwithstanding anything to the contrary contained in the Lease, Landlord shall
contribute an amount not to exceed Six Hundred Eighty-Five Thousand and No/100
Dollars ($685,000.00) (“the Additional Work Credit”), payable in accordance
with Section 5(c) below, toward the “hard” cost of Tenant’s Work (“Tenant’s
Additional Work”) which “hard cost” shall not be deemed to include, by way of
example only and not limitation, the purchase of fixtures or furniture, and
(ii) Related Costs in connection with Tenant’s Additional Work, provided,
however, that no more than Sixty-Eight Thousand Five Hundred and No/100 Dollars
($68,500.00) shall be used towards the payment of Related Costs.  Tenant shall use the Additional Work Credit
for the performance of work in all of the premises demised to Tenant pursuant
to the Lease.  Subject to the last
sentence of subsection 5(c) of this Agreement, Landlord shall have no
obligation to disburse any portion of the Additional Work Credit to Tenant
after December 31, 2006 for any of Tenant’s Additional Work commenced after
December 31, 2006.  Landlord agrees that
it shall, at Landlord’s sole cost and expense:

(i)            renovate
the existing bathrooms on the fifth (5th)
floor and on the seventh (7th) floor in accordance with the standards used
to renovate the bathrooms on the twenty-fourth (24th)
floor, and, if practicable, make such bathrooms ADA compliant;

(ii)           repair,
restore or replace leaking toilets, broken or damaged toilet seats and leaking
or broken sinks and faucets located on the (fourth) 4th floor and make any other repairs necessary to
ensure that such toilets and sinks are in good working order;

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(iii)          provide
an ACP-5 certificate from a reputable engineering company reasonably acceptable
to Tenant with respect to the 5th Floor
Additional Premises;

(iv)          remove,
in compliance with applicable law, any asbestos-containing materials which are
found in the 5th Floor
Additional Premises;

(v)           ensure
that all Building-provided heating and cooling systems in the Premises are in
good working order and make all necessary repairs and replacements and perform
all necessary maintenance in connection with such systems;

(vi)          fix
or, if applicable, replace, any convector covers which are dented as of the
date hereof;

(vii)         provide
necessary points of connection and tie-ins to the Building’s Class E data
gathering panel (DGP); and

(viii)        replace
the common area carpeting (including, without limitation, the carpeting in the
elevator lobby and the corridor) on the seventh (7th)
floor with Building standard carpeting.

Landlord shall substantially
complete the foregoing items (i) through (viii) (collectively, “Landlord’s
Additional Work”) on or prior to the completion of the Landlord Work Period
unless Landlord is prevented from doing so by any force majeure event beyond
Landlord’s control or any act or omission of Tenant, its employees, agents or
contractors and provided that Tenant complies with any conditions imposed on
the performance of Tenant’s Additional Work during Landlord’s approval of
Tenant’s plans therefor.

(b)           Tenant shall submit plans, drawings and specifications for Tenant’s
Additional Work to Landlord for Landlord’s approval prior to performing Tenant’s
Additional Work and shall otherwise comply with the provisions of Articles 6
and 42 of the Lease in respect of the performance of such Tenant’s Additional
Work.

(c) The Additional Work Credit shall be payable in installments by
Landlord to Tenant upon Tenant’s written request (each, a “Disbursement
Request”) to Landlord no more than once
monthly.  The amount of each such
installment shall be an amount equal to the product obtained by multiplying
ninety percent (90%) of the Additional Work Credit by a fraction, the numerator
of which is equal to the actual costs paid or incurred by Tenant for completed
portions of Tenant’s Additional Work referenced in such Disbursement Request
(as evidenced by paid or incurred invoices delivered to Landlord in accordance
with the next sentence) and the denominator of which is equal to the total
estimated cost of Tenant’s Additional Work, which estimate shall be made, and
certified to, by Tenant’s architect in good faith based on the final plan for
Tenant’s Additional Work, provided, however, that the total amount of all such
installments prior to the final installment shall not exceed ninety percent
(90%) of the Additional Work Credit. Each Disbursement Request shall include
(1) paid or incurred invoices for the portion of Tenant’s Additional Work
performed since the last disbursement; (2) a certificate signed by Tenant’s
architect and an officer of Tenant certifying that the portion of Tenant’s
Additional Work referenced in said requisition and represented by the aforesaid
invoices has been satisfactorily completed in accordance with Tenant’s final
plan for Tenant’s Additional Work and (3) partial lien waivers (in form
reasonably satisfactory to Landlord) from contractors, subcontractors and all
materialmen who shall have performed any such work and services incurred up to
and including the last disbursement of the Additional Work Credit.  Tenant acknowledges and agrees that the final
ten percent (10%) of the Additional Work Credit shall not be paid to Tenant
until after the completion of Tenant’s Additional Work and Landlord’s receipt

 10
 

from Tenant of all Building Department sign-offs,
inspection certificates and any payments required to be issued by any
governmental entities having jurisdiction thereover.

(d) At any and all times during the progress of Tenant’s Additional
Work, Landlord and its representatives shall have the right to inspect the
performance of Tenant’s Additional Work and Landlord shall have right to
withhold payment of all or any portion of the Additional Work Credit as shall
equal the cost of correcting any portions of Tenant’s Additional Work which
shall not have been 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, and provided further that Landlord’s inspection shall
not interfere with the performance of Tenant’s Additional Work except to a de
minimis extent.

(e) The Additional Work Credit is being given for the benefit of Tenant
and Tenant’s Affiliates only.  No third
party shall be permitted to make any claims against Landlord with respect to
any portion of the Additional Work Credit.

7.             Internal Staircase.  Landlord hereby confirms that Tenant retains
the right to construct an internal staircase consistent with and subject to the
terms, conditions and Tenant restoration obligations set forth in Paragraph
3(h) of the Second Supplemental Agreement.

8.             Rent Credit.  Provided that Tenant shall not
then be in default of the terms and conditions of the Lease beyond applicable
notice and cure periods, if any, Tenant shall receive a credit in the amount of
THREE HUNDRED SEVENTY-ONE THOUSAND FOUR HUNDRED THIRTY-FOUR AND 19/100 DOLLARS
($371,434.19) on February 1, 2013 to be applied to Tenant’s payments of fixed
annual rent due or to be paid under the Lease.

9.             Generator.  Tenant shall be permitted to
have exclusive use of the generator which it currently uses in the Building and
shall be permitted to use up to two hundred (200) additional kilovolt amperes
from such generator which shall be supplied by Landlord.

10.           Brokerage.

(i)            Tenant represents and warrants to Landlord
that Tenant has not dealt with any broker, finder or like agent in connection
with this Amendment other than Newmark & Company Real Estate, Inc. d/b/a
Newmark Knight Frank and CB Richard Ellis, Inc. 
Tenant does hereby indemnify and hold Landlord harmless from and against
any and all loss, costs, damage, liability or expense (including, without
limitation, reasonable attorneys’ fees and disbursements) which Landlord may
incur by reason of any claim asserted against Landlord by any broker, finder or
like agent claiming to have dealt with Tenant in connection with this
Agreement.

(ii)           Landlord represents and warrants to Tenant that Landlord has not dealt with
any broker, finder or like agent in connection with this Amendment other than
Newmark & Company Real Estate, Inc. and CB Richard Ellis, Inc., to which
Landlord shall pay commission due, if any, pursuant to separate agreement.
Landlord does hereby indemnify and hold Tenant harmless from any and all loss,
cost, damage, liability or expense (including, without limitation, reasonable
attorneys’ fees and disbursements) which Tenant may incur by reason of any
claim asserted against Tenant by any broker, finder or like agent claiming to
have dealt with Landlord in connection with this Agreement.

 11
 

(iii)          The provisions of this Paragraph 10 shall survive the expiration or
sooner termination of the Lease.

(b)           Authorization. 
Landlord and Tenant represent and warrant to each other that its
respective execution and delivery of this Agreement has been duly authorized,
that the individual executing this Agreement on behalf of Landlord or Tenant,
respectively, has been duly authorized to do so, and that no other action or
approval is required by such party with respect to this transaction.

(c)           Not Binding Until Executed.  This
Agreement shall not be binding on or enforceable against Landlord unless and
until Landlord shall have executed and delivered to Tenant an executed
counterpart of this Amendment.

(d)           Full Force and Effect of Lease. 
Except as modified by this Agreement, the Lease and all covenants,
agreements, terms and conditions thereof shall remain in full force and effect
and are hereby in all respects ratified and confirmed.

(e)           Entire Agreement.  The
Lease, as amended by this Agreement, constitutes the entire understanding
between the parties hereto with respect to the Demised Premises and may not be
changed orally but only by an agreement in writing signed by the party against
whom enforcement of any waiver, change, modification or discharge is sought.

(f)            Counterparts.  This
Agreement may be executed in any number of counterparts, each of which when so
executed shall be deemed to be an original, and all such counterparts shall
together constitute one and the same instrument.

(g)           Governing Law.  This
Agreement has been executed and delivered in the State of New York and is to be
governed by and construed according to the laws of the State of New York.

[Remainder of Page Left Blank Intentionally]

 12

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement of Lease as of
the date first above written.

	
  

  	
  LANDLORD:

  
	
   

  	
   

  
	
   

  	
  TAG 380 LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Sheldon H. Solow

  
	
   

  	
   

  	
  Title: 

  	
  Sole Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  TENANT:

  
	
   

  	
   

  
	
   

  	
  Investment Technology Group, Inc.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
						

 

EXHIBIT A

5th
Floor Additional Premises

and 5th Floor Option Space

 A-1

EXHIBIT
B

7th
Floor A and B Option Space

 B-1

EXHIBIT
C

Schedule
S

 C - 1EXHIBIT
10.11

YEAR 2000 UNIONBANCAL CORPORATION

MANAGEMENT STOCK PLAN

     
PERFORMANCE SHARE PLAN

STOCK UNIT DEFERRAL ELECTIONS

TERMS AND CONDITIONS

The Executive
Compensation and Benefits Committee (the “Committee”) of the Board of Directors
(the “Board”) of UnionBanCal Corporation (the “Company”), pursuant to its
authority under the Year 2000 UnionBanCal Corporation Management Stock Plan
(the “Management Stock Plan”), has approved the following terms and conditions
applicable to       Performance Share Plan stock unit
deferral elections (these “Terms and Conditions”).  These Terms and Conditions shall apply to
elections to defer the delivery of shares of common stock of the Company (“Stock”)
payable to Participants for Earned Awards under the Company’s Performance Share
Plan and the applicable Performance Share Agreement between the Company and the
Participant made as of January 1,      .  Capitalized terms used but not otherwise
defined herein shall have the meanings attributed thereto in the applicable Performance
Share Agreement, the provisions of which are incorporated herein by reference.

1.                                       Deferral
Elections.  A Participant in the
Company’s Performance Share Plan who has received a grant of Performance Shares
for the Performance Cycle extending from January 1,      
through December 31,      , may irrevocably elect
to defer delivery of all or a portion of the shares of Stock payable for his or
her Earned Award by making an election on or before December 31,      
in accordance with procedures established by the Committee.  All elections shall be in writing in the form
of the Stock Unit Deferral Election attached hereto or such other form as
provided by the Committee (the “Deferral Election”).  To be effective, the Deferral Election must
be received by the Company’s Human Resources Department on or before December 31,
     , and must be signed and dated by the Participant
and the Company’s Director of Human Resources or his or her designee.  The Deferral Election shall specify the
percentage of Earned Award subject to deferral in 5% increments up to a maximum
of 100%, and shall specify the time and method of distribution of deferred
amounts pursuant to Section 6 below.  The
Deferral Election shall incorporate these Terms and Conditions by reference.

2.                                       Stock
Units; Stock Unit Accounts.

(a)                                  Stock
Units.  If a Participant elects to
defer a portion of his or her Earned Award, the Company shall, as of the date
on which such Earned Award otherwise would have been paid, credit to a
memorandum account in the name of the Participant (the “Stock Unit Account”) a
number of Stock Units equal to the number of shares of Stock otherwise payable
to the Participant for the Earned Award under the Management Stock Plan.  Each Stock Unit shall represent the right to
receive a share of Stock subject to the terms and conditions set forth in these
Terms and Conditions.

(b)                                 Statements.  The Company shall submit to each Participant,
within one hundred twenty (120) days after the close of each calendar year, a
statement in such form as the Committee or its delegate deems desirable setting
forth the balance of each Participant’s Stock Unit Account.

3.                                       Vesting
of Stock Units.  Stock Units credited
to a Participant’s Stock Unit Account with respect to deferred Earned Awards
shall be fully vested at all times. 
Stock Units representing dividend equivalents credited pursuant to
Section 5 below shall also be fully vested at all times.

4.                                       Limitations
on Rights Associated with Stock Units. 
The Stock Units credited to a Participant’s Stock Unit Account shall be
used solely as a device for the determination of the number of shares of Stock
to be distributed eventually to the Participant pursuant to the Performance
Share Agreement and the Management Stock Plan. 
The Stock Units shall not be treated as property or as a trust fund of
any kind.  No Participant shall be
entitled to any voting or other stockholder rights with respect to Stock Units
granted or credited under the Plan.  The
number of Stock Units credited (and the Stock to which the Participant is
entitled upon distribution under the Management Stock Plan) shall be subject to
adjustment in accordance with Section 7 hereof and Section 3(b) of the
Management Stock Plan.  The Deferral
Election and these Terms and Conditions shall create only a contractual
obligation on the part of the Company as to such amounts and shall not be
construed as creating a trust.  The
Management Stock Plan, in and of itself, has no assets.  A Participant shall have only the rights of a
general unsecured creditor of the Company with respect to amounts credited and
rights no greater than the right to receive the Stock as a general unsecured
creditor.

5.                                       Dividend
Equivalent Credits to Stock Unit Accounts. 
As of each date on which dividends are paid with respect to the Stock, a
Participant’s Stock Unit Account shall be credited with additional Stock Units
in an amount equal to (i) the amount of the dividends paid on that number of
shares of Stock equal to the aggregate number of Stock Units allocated to the
Participant’s Stock Unit Account as of that date divided by (ii) the Fair
Market Value (as defined in the Management Stock Plan) of a share of Stock as
of such date.

6.                                       Time
and Method of Distribution of Stock.

(a)                                  Time
of Distribution.  The Deferral
Election shall specify the date as of which the distribution shall be made or
commence (the “Payment Date”), which shall be either:

(1)                                  Participant’s
termination of employment for any reason with the Company and its Subsidiaries,
or

(2)                                  A
date certain subsequent to      .

Participant may not change the election of a Payment Date unless
otherwise permitted by the Committee in accordance with the requirements of
Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”).

 2
 

(b)                                 Method
of Distribution.  The Deferral
Election shall specify the method in which the distribution of Stock shall be
made, as elected by the Participant, which shall be either:

(1)                                  in
a single distribution on the Payment Date (or as soon thereafter as
administratively feasible),

(2)                                  in
four substantially equal annual installments, commencing on the Payment Date
(or as soon thereafter as administratively feasible) or

(3)                                  in
ten substantially equal annual installments, commencing on the Payment Date (or
as soon thereafter as administratively feasible).

A Participant may not change the method of any distribution election
unless otherwise permitted by the Committee in accordance with the requirements
of Section 409A of the Code.

(c)                                  Effect
of Death, Disability or Change in Control. 
Notwithstanding Sections 6(a) or (b) hereof, if the Participant dies or
becomes disabled within the meaning of Section 22(e)(3) of the Code, or if the
Company is subject to a Change in Control (as defined below), the Stock Units
then credited to Participant’s Stock Unit Account shall be settled by means of
a distribution of shares of Stock in a lump sum as soon as administratively
practicable.  Notwithstanding the
foregoing, the settlement of Participant’s Stock Unit Account shall not be
accelerated upon a Change in Control unless the Change in Control satisfies the
applicable requirements for a distribution in compliance with Section
409A(a)(2) of the Code.

(d)                                 Change
in Control.  For purposes of these
Terms and Conditions, a “Change in Control” of the Company shall be deemed to
have occurred upon the happening of any of the following events:  consummation of a reorganization, merger or
consolidation or sale or other disposition of all or substantially all of the
assets or stock of the Company or the acquisition of the assets or stock of
another entity (“Business Combination”); excluding, however, such a Business
Combination pursuant to which (a) a Permitted Holder will beneficially own,
directly or indirectly, 30% or more of, respectively, the outstanding shares of
common stock, and the combined voting power of the then outstanding voting
securities entitled to vote generally in the election of directors (together,
the “Company Stock”), as the case may be, of the corporation resulting from
such Business Combination (including, without limitation, a corporation which
as a result of such transaction owns the Company or all or substantially all of
the Company’s assets either directly or through one or more subsidiaries), and
(b) no individual, entity or group (within the meaning of Section 13(d)(3) or
14(d)(2) of the Securities Exchange Act of 1934, as amended, has a greater
beneficial interest, directly or indirectly, in the Company Stock than a
Permitted Holder.  For purposes of this
definition, “Permitted Holder” shall mean (i) The Bank of Tokyo-Mitsubishi UFJ,

 3
 

Ltd. or any
successor  thereto (“BTMU”), (ii) an
employee benefit plan of BTMU or (iii) a corporation controlled by BTMU.

(e)                                  Form
of Distribution.  Stock Units may be
settled only in whole shares of Stock. 
Fractional shares shall be settled in cash.

(f)                                    Section
409A.  These Terms and Conditions and
the Deferral Election are intended to comply with the requirements of Section
409A of the Code and shall be interpreted in accordance therewith.  No distribution otherwise required to be made
to a Participant under the Deferral Election and these Terms and Conditions in
connection with the Participant’s termination of employment shall be made
before the earlier of (i) the expiration of the six (6)-month period measured from
the date of the Participant’s “separation from service” (as such term is
defined in Treasury Regulations issued under Section 409A of the Code) or (ii)
the date of the Participant’s death, if the Company in good faith determines
that the Participant is a “specified employee” within the meaning of that term
under Code Section 409A and that such delayed payment is required in order to
avoid a prohibited distribution under Code Section 409A(a)(2).  Any payment delayed pursuant to this Section
6(f) shall be made in full upon the expiration of the applicable Code Section
409A(a)(2) deferral period or such later date as would otherwise have been
required under the Deferral Election and these Terms and Conditions.  In addition, the provisions of the Deferral Election
and these Terms and Conditions which require a payment subject to Section 409A
upon a termination of employment shall be interpreted to require that the
Participant have a “separation from service” (as such term is defined in
Treasury Regulations issued under Code Section 409A).

7.                                       Adjustments
in Case of Corporate Transactions. 
If there should be any change in the Company’s Stock through merger,
consolidation, reorganization, recapitalization, reincorporation, stock split,
stock dividend (in excess of 2 percent) or other change in the corporate
structure of the Company, the Board of Directors and the Committee shall make
appropriate adjustments in order to preserve but not to duplicate or otherwise
increase the benefit to the Participants (taking into account any dividend
equivalents credited pursuant to Section 5), including adjustments in the
number of Stock Units credited to Participant’s Stock Unit Account.  Any adjustment made pursuant to this Section
7 as a consequence of a change in the corporate structure of the Company shall
not entitle a Participant to receive a number of shares of Stock of the Company
or shares of stock of any successor company greater than the number of shares
the Participant would receive if, prior to such change, the Participant had
actually held a number of shares of Stock equal to the number of Stock Units
then credited to his or her Stock Unit Account.

8.                                       Company’s
Right to Withhold.  No stock
certificates will be issued to the Participant 
unless the
Participant has made arrangements acceptable to the Company to pay any
withholding taxes that may be due in connection with the Stock Units, whether
at the time of deferral, settlement or otherwise.  By signing the Deferral Election, the
Participant authorizes the Company, or the Subsidiary that employs the
Participant, to

 4
 

satisfy all withholding obligations of the Company or
the Subsidiary from the Participant’s wages or other cash compensation payable
to the Participant by the Company or the Subsidiary.  The Company may also satisfy any tax
withholding obligation arising upon distribution of a Participant’s Stock Unit
Account by reducing the number of shares of Stock otherwise deliverable to the
Participant.  The appropriate number of
shares required to satisfy any such tax withholding obligation will be based on
the Fair Market Value (as defined in the Management Stock Plan) of a share of
Stock on the business day prior to the date of distribution.

9.                                       Employee
Rights.  The Deferral Election and
these Terms and Conditions do not create a contract of employment and do not
imply or confer any other employment rights.

10.                                 Beneficiaries.

(a)                                  Beneficiary
Designation.  Upon forms provided by
and subject to conditions imposed by the Committee, a Participant may designate
in writing the Beneficiary or Beneficiaries (as defined below) whom such
Participant desires to receive any amounts payable under the Deferral Election
after his or her death.  A Beneficiary
designation must be signed and dated by the Participant and delivered to the
Committee to become effective.  The
Company and the Committee may rely on the Participant’s designation of a
Beneficiary or Beneficiaries last filed in accordance with the Committee’s
procedures.

(b)                                 Definition
of Beneficiary.  A Participant’s “Beneficiary”
or “Beneficiaries” shall be the person(s) designated in writing by the
Participant to receive his or her benefits under the Deferral Election if the
Participant dies before receiving all of his or her benefits.  In the absence of a valid or effective Beneficiary
designation, the Participant’s surviving spouse shall be the Beneficiary or if
there is none, the Beneficiary shall be the Participant’s estate.

11.                                 Mandatory
Arbitration.  Any dispute arising out
of or relating to the Deferral Election or these Terms and Conditions,
including their meaning or interpretation, shall be resolved solely by
arbitration before an arbitrator selected in accordance with the rules of the
American Arbitration Association.  The
location for the arbitration shall be in San Francisco, Los Angeles or San
Diego as selected by the Company in good faith. 
Judgment on the award rendered may be entered in any court having
jurisdiction.  The party the arbitrator
determines is the prevailing party shall be entitled to have the other party
pay the expenses of the prevailing party, and in this regard the arbitrator
shall have the power to award recovery to such prevailing party of all costs
and fees (including attorneys fees and a reasonable allocation for the costs of
the Company’s in-house counsel), administrative fees, arbitrator’s fees and
court costs, all as determined by the arbitrator.  Absent such award of the arbitrator, each
party shall pay an equal share of the arbitrator’s fees.  All statutes of limitation which would otherwise
be applicable shall apply to any arbitration proceeding under this Section
11.  The provisions of this Section 11
are intended by Participant and the Company to be exclusive for all purposes
and applicable to any and all disputes arising out of or relating to the Terms
and Conditions and the Deferral Election. 
The arbitrator who hears and decides any dispute shall have 

 5
 

jurisdiction and authority only to award compensatory
damages to make whole a person or entity sustaining foreseeable economic damages,
and shall not have jurisdiction and authority to make any other award of any
type, including without limitation, punitive damages, unforeseeable economic
damages, damages for pain, suffering or emotional distress, or any other kind
or form of damages.  The remedy, if any,
awarded by the arbitrator shall be the sole and exclusive remedy for any
dispute which is subject to arbitration under this Section 11.

12.                                 Other
Provisions.

(a)                                  Administration.  The Committee shall have the sole authority,
in its discretion, to adopt, amend and rescind such rules and regulations as it
deems advisable in the administration of the Deferral Elections, to construe
and interpret these Terms and Conditions, the rules and regulations, and the
Deferral Election, and to make all other determinations and interpretations
with respect to the Deferral Elections. 
All decisions, determinations and interpretations of the Committee shall
be final, binding and conclusive on all persons.  The Committee may delegate its
responsibilities as it sees fit.

(b)                                 Notices.  Any notices to be given under these Terms and
Conditions or a Deferral Election shall be in writing and addressed to the
Company at its principal executive office, to the attention of the head of
Company’s Human Resources Corporate Benefits Department and to the Participant
at the address given beneath the Participant’s signature on the Deferral
Election or to his or her last address of record in the records of the Company.

(c)                                  Amendments.  The Committee shall have the right to amend
these Terms and Conditions in whole or in part from time to time; provided,
however, that no such amendment shall adversely affect the amount of
outstanding Stock Units credited to a Participant’s Stock Unit Account prior to
the effective date of such amendment without the Participant’s written consent.

(d)                                 Governing
Law; Attorneys’ Fees; Severability. 
The validity of the Management Stock Plan, these Terms and Conditions,
the Deferral Election and any provisions thereof, shall be construed,
administered, and governed in all respects under and by the laws of the State
of California to the extent not preempted by the federal laws of the United
States of America.  In the event of any
arbitration proceedings, actions at law or suits in equity in relation to the
Management Stock Plan, these Terms and Conditions or the Deferral Election, the
prevailing party in such proceeding, action or suit shall receive from the
losing party its attorneys’ fees and all other costs and expenses of such
proceeding, action or suit.  If any
provisions of the Management Stock Plan, these Terms and Conditions or the
Deferral Election shall be held by a court of competent jurisdiction to be
invalid or unenforceable, the remaining provisions thereof shall continue to be
fully effective.

 6
 

(e)                                  Compliance
with Laws.  The Management Stock
Plan, these Terms and Conditions, the Deferral Election and the offer,
issuance, and delivery of shares of Stock through the deferral of compensation
under the Management Stock Plan and these Terms and Conditions are subject to
compliance with all applicable federal and state laws, rules, and regulations
(including but not limited to state and federal securities law) and to such
approvals by any listing, agency, or regulatory or governmental authority as
may, in the opinion of counsel for the Company, be necessary or advisable in
connection therewith.  Any securities
delivered under the Management Stock Plan and these Terms and Conditions shall
be subject to such restrictions, and the person acquiring such securities
shall, if requested by the Company, provide such assurances and representations
to the Company as the Company may deem necessary or desirable to assure
compliance with all applicable securities laws and other legal requirements.

(f)                                    Restrictions
on Transfer.  Neither the Stock
Units, nor any interest therein, nor amount payable or Stock deliverable in
respect thereof, may be sold, assigned, transferred, pledged, or otherwise
disposed of, alienated, or encumbered, either voluntarily or involuntarily,
other than by will or the laws of descent and distribution, and in the event
thereof, the Committee at its election may terminate the Stock Units.  Stock issued upon settlement of a Stock Unit
Account shall be subject to such restrictions on transfer as may be necessary
or advisable, in the opinion of legal counsel to the Company, to assure
compliance with applicable securities laws.

(g)                                 Successors.  These Terms and Conditions shall be binding
upon and shall inure to the benefit of the parties hereto and their respective
heirs, executors, administrators, successors and assigns.  Where the context permits, “Participant” as
used in these Terms and Conditions shall include Participant’s executor,
administrator, trustee or other legal representative or the person or persons
to whom Participant’s rights pass by will or the applicable laws of descent and
distribution.  Nothing contained in the
Management Stock Plan, these Terms and Conditions or the Deferral Election
shall be interpreted as imposing any liability on the Company or the Committee
in favor of any Participant or transferee of Stock Units with respect to any
loss, cost or expense which such Participant or transferee may incur in
connection with, or arising out of any transaction involving any Stock Units
granted hereunder.

(h)                                 Integration.  By signing the Deferral Election, the
Participant agrees that the terms of the Management Stock Plan, these Terms and
Conditions and the Deferral Election are intended by the Company and
Participant to be the final expression of their contract with respect to the
Stock Units and other amounts received hereunder and may not be contradicted by
evidence of any prior or contemporaneous agreement, and shall constitute the
complete and exclusive statement of their terms, and that no extrinsic evidence
whatsoever may be introduced in any arbitration, judicial, administrative or
other legal proceeding involving the Management Stock Plan, these Terms and
Conditions and the Deferral Election Plan. 
Accordingly, the Management Stock Plan, these Terms

 7
 

and Conditions
and the Deferral Election contain the entire understanding between the parties
and supersede all prior oral, written and implied agreements, understandings,
commitments and practices among the parties. 
In the event of any conflict among the provisions of the Management
Stock Plan, these Terms and Conditions and the Deferral Election, the
Management Stock Plan shall prevail.

(i)                                     Waivers.  Any failure to enforce any provisions of the
Management Stock Plan, these Terms and Conditions or the Deferral Election by
the Company or the Participant shall not be deemed a waiver of that provision,
nor shall any waiver or relinquishment of any right or power at any one time or
times be deemed a waiver or relinquishment of that right or power for all or
any other times.

 8

YEAR 2000 UNIONBANCAL CORPORATION

MANAGEMENT STOCK PLAN

      PERFORMANCE
SHARE PLAN

STOCK UNIT DEFERRAL ELECTION

Election to Defer Performance Share Payment

I hereby elect to defer receipt of       % (in
5% increments from 5% to 100%) of any Earned Awards to which I may become
entitled under my Performance Share Agreement with UnionBanCal Corporation (the
“Company”) made as of January 1,      , pursuant to
the attached Terms and Conditions, which (including the definition of terms)
are incorporated herein by reference.  I
understand that this election is irrevocable.

Payment Date

I elect to have all amounts credited to my Stock Unit Account paid upon
(or commencing upon) the following Payment Date:

o            termination of my employment with
the Company and its Subsidiaries, or

o                                     
(must be a date certain following      ).

I understand that this election is irrevocable, but that the Terms and
Conditions may provide for accelerated payment in certain circumstances.

Method of Payment

I elect to have all amounts credited to my Stock Unit Account paid as
follows:

o                                    in
a single distribution on the Payment Date (or as soon thereafter as
administratively feasible),

o                                    in
four substantially equal annual installments commencing on the Payment Date (or
as soon thereafter as administratively feasible), or

o                                    in
ten substantially equal annual installments commencing on the Payment Date (or
as soon thereafter as administratively feasible).

I understand that this election is irrevocable, but that the Terms and
Conditions may provide for an automatic single installment in certain
circumstances.

 

YEAR 2000 UNIONBANCAL CORPORATION

MANAGEMENT STOCK PLAN

      PERFORMANCE SHARE
PLAN

STOCK UNIT DEFERRAL ELECTION

I understand that there is no guarantee of income tax deferral under
this Deferral Election.  I also
understand that it is my responsibility to seek appropriate tax advice as to
the income tax consequences of my participation in the Management Stock Plan
and this Deferral Election, including the effect of Section 409A of the
Internal Revenue Code, and to make arrangements to pay Social Security,
Medicare and SDI taxes that may be due at time of deferral.

	
  Executed on 

  	
                                    

  	
  , 

  	
           

  	
  , at

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Participant’s Signature

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Participant’s Printed Name

  	
   

  	
  Social Security #

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  o     I
  do not elect to defer.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  UNIONBANCAL CORPORATION

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00118-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00118-of-00352.parquet"}]]