0001047469-05-006594 Sample Contracts

ARCH CAPITAL GROUP LTD. Non-Qualified Stock Option Agreement
Qualified Stock Option Agreement • March 15th, 2005 • Arch Capital Group Ltd. • Fire, marine & casualty insurance • New York

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

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ARCH CAPITAL GROUP LTD. Restricted Share Unit Agreement
Share Unit Agreement • March 15th, 2005 • Arch Capital Group Ltd. • Fire, marine & casualty insurance • New York

THIS AGREEMENT, dated as of April 19, 2004, between Arch Capital Group Ltd. (the "Company"), a Bermuda company, and Ralph E. Jones III (the "Employee").

ARCH REINSURANCE LTD. AND ARCH INSURANCE COMPANY AS OBLIGORS WITH BARCLAYS BANK PLC AS LENDER AMENDMENT AGREEMENT RELATING TO A LETTER OF CREDIT AND REIMBURSEMENT AGREEMENT DATED AS OF 25 NOVEMBER 2003
Credit and Reimbursement Agreement • March 15th, 2005 • Arch Capital Group Ltd. • Fire, marine & casualty insurance • New York

Unless a contrary indication appears, a term used in any other Fundamental Document or in any notice given under or in connection with any Fundamental Document has the same meaning in that Fundamental Document or notice as in this Agreement.

FOURTH LEASE MODIFICATION AGREEMENT
Fourth Lease Modification Agreement • March 15th, 2005 • Arch Capital Group Ltd. • Fire, marine & casualty insurance • New York

FOURTH LEASE MODIFICATION AGREEMENT (hereinafter called this "Agreement") dated as of the 13th day of May, 2004 between BFP ONE LIBERTY PLAZA CO. LLC, having an office c/o Brookfield Financial Properties, Inc., One Liberty Plaza, 165 Broadway, New York, New York 10006 (hereinafter called "Landlord"), and ARCH INSURANCE COMPANY, a Missouri corporation, having an office at One Liberty Plaza, 165 Broadway, New York, New York 10006 (hereinafter called "Tenant").

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