0001193125-12-303417 Sample Contracts

ADDENDUM TO THE AMENDED AND RESTATED SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT
Executive Retirement Agreement • July 16th, 2012 • Axis Capital Holdings LTD • Fire, marine & casualty insurance

This Addendum to the Amended and Restated Supplemental Executive Retirement Agreement (the “Addendum”) is made the 13 day of July, 2012 between AXIS Specialty Limited, a Bermuda company (“AXIS”), Michael A. Butt (the “Executive”) AXIS Capital Holdings Limited, a Bermuda company and parent company of AXIS (“AXIS Capital”) and Codan Trust Company Limited as trustee of the AXIS Serp Trust dated 14 April 2005 (“Codan Trust”);

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ADDENDUM TO THE AMENDED AND RESTATED SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT
Executive Retirement Agreement • July 16th, 2012 • Axis Capital Holdings LTD • Fire, marine & casualty insurance

This Addendum to the Amended and Restated Supplemental Executive Retirement Agreement (the “Addendum”) is made the 11th day of July, 2012 between AXIS Specialty Limited, a Bermuda company (“AXIS”), John R. Charman (the “Executive”) AXIS Capital Holdings Limited, a Bermuda company and parent company of AXIS (“AXIS Capital”) and Codan Trust Company Limited as trustee of the AXIS Serp Trust dated 14 April 2005 (“Codan Trust”).

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