Letter Agreement

RE: Amendment I to the Letter Agreement Extension of OT Agreement Effective Date of Termination

by XL Group
August 6th, 2009

Exhibit 10.12

 

 

(ACCENTURE LOGO)


Accenture LLP

300 Campus Drive
Florham Park, NJ 07932

www.accenture.com

May 6, 2009

John H. Sullivan
Senior Vice President
XL Global Services
100 Constitution Plaza
Hartford, CT 06103

 

 

 

 

RE:

Amendment I to the Letter Agreement

 

 

Extension of OT Agreement Effective Date of Termination

Dear John,

          In a Letter Agreement dated March 5, 2009, Accenture LLP (“Accenture”) and XL Global Services, Inc. (“XL”) (the “Letter Agreement”) agreed to provisions to provide for the early termination for convenience of the parties’ Operational Transformation Agreement dated May 6th, 2008 (“OT Agreement”). In exchange for mutual consideration, the receipt and sufficiency of which is hereby acknowledged by the parties, the parties agree the Letter Agreement is modified as follows:

 

 

 

 

1.

References in Sections 1 and 5 of the Letter Agreement to “May 6th, 2009” are deleted and replaced with “June 5th, 2009”

          Each of the parties represents and warrants for itself that is authorized to enter into this Amendment I to the Letter Agreement and bind its respective entities to the terms of the same.

On behalf of XL Global Services, Inc.

By:

 

 

By:

/s/ David Duclos

 

 


 

Name:

David Duclos

 

Title:

Chief Executive, XL Insurance

 

 

 

 

By:

/s/ John H. Sullivan

 

 


 

Name:

John H. Sullivan

 

Title:

Senior Vice President

 

1


 

 

(ACCENTURE LOGO)


Accenture LLP

300 Campus Drive
Florham Park, NJ 07932

www.accenture.com

On behalf of Accenture, LLP

By:

 

 

By:

/s/ John Cusano

 

 


 

Name:

John Cusano

 

Title:

Managing Partner North American Insurance

 

2