Exhibit 10.1
FOURTH AMENDMENT TO LEASE AGREEMENT
This FOURTH AMENDMENT TO LEASE AGREEMENT ("Amendment"), effective as of October 1, 2026 (for purposes of this Amendment, the "Effective Date"), is entered into between ERIE INSURANCE EXCHANGE ("Tenant"), a reciprocal insurance exchange organized under the laws of Pennsylvania with principal offices and place of business at 100 Erie Insurance Place, Erie, PA 16530, acting by and through its attorney-in-fact, ERIE INDEMNITY COMPANY; and ERIE INDEMNITY COMPANY ("Landlord"), a Pennsylvania business corporation, with its principal offices and place of business also at 100 Erie Insurance Place, Erie, PA 16530 collectively referred to herein as the "Parties").
WHEREAS, Landlord and Tenant entered into that certain Home Office Agreement of Lease dated July 1, 2021 relating to certain premises located in Erie Pennsylvania (collectively, the "Lease");
WHEREAS, Landlord and Tenant have agreed to amend the Lease, upon the terms and conditions hereinafter described; and
WHEREAS, all capitalized terms used but not defined in this Amendment shall have the meanings given to them in the Lease.
NOW, THEREFORE, for good and valuable consideration paid by Tenant to Landlord and the mutual covenants, terms, and conditions set forth herein, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby amend the Lease on the terms hereof as of the Effective Date as follows:
1.Appendix A to the Lease shall be replaced in its entirety with the appendix attached to this Amendment.
2.No Default. Landlord and Tenant hereby affirm that as of the Effective Date, no breach, default or other act, error, or omission which, with the giving of notice or passage of time or both, would constitute a breach or default by either party has occurred and is continuing under the Lease.
3.Affirmation of Lease Terms. Except as modified by this Amendment, Landlord and Tenant hereby ratify the Lease and agree that the Lease shall remain unchanged and shall continue in full force and effect. In the event there is any conflict between the terms of the Lease and the terms set forth in this Amendment, the terms specifically set out in this Amendment shall control. From and after the Effective Date, any and all references to "the Lease" or "this Lease" in the Lease shall mean the Lease as modified by this Amendment.
4.Miscellaneous.
(a)Entire Agreement. This Amendment contains the entire understanding between the Parties with respect to the matters being amended as contained herein.
(b)Amendment and Modification. This Amendment may not be changed or modified orally, but only by an agreement in writing signed by the party against whom enforcement of any waiver, change, or modification is sought.
(c)Further Assurances. Each of the Parties shall deliver to the other any further instruments or documents which may be reasonably required to establish to the satisfaction of the other party that it has agreed to be bound by and become liable under the terms and conditions of the Lease and this Amendment.
[Continues with signatures on next page.]
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IN WITNESS WHEREOF, the parties have executed this Amendment as of the date set forth above.
TENANT:
ERIE INSURANCE EXCHANGE, a reciprocal insurance exchange organized under the laws of Pennsylvania with principal offices and place of business at 100 Erie Insurance Place, Erie, PA 16530, acting by and through its attorney-in-fact, ERIE INDEMNITY COMPANY
By: /s/ Sean D. Dugan
Sean D. Dugan
Executive Vice President
LANDLORD:
ERIE INDEMNITY COMPANY, a Pennsylvania business corporation, with its principal offices and place of business at 100 Erie Insurance Place, Erie, PA 16530
By: /s/ Brian W. Bolash
Brian W. Bolash
Executive Vice President, Secretary and
General Counsel
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Appendix A
Buildings
SIZE ABOVE/BELOW GROUND BASE
NAME LOCATION RENT ABOVE/BELOW GROUNDYEAR
717 State Street 717 State Street 54,203 / 11,097 10/01/2026-
Erie, PA 16501 $9.31 / $4.37 06/30/2027
Sixth Street Tower 125 East 6thStreet 293,139 / 35,770 07/01/2021-
Erie, PA 16501 $10.75 / $4.20 06/30/2022
Westport 4950 West 23rdStreet 77,260 / n/a 07/01/2021-
Erie, PA 16505 $8.50/ n/a 06/30/2022
H.O Hirt Building 100 Erie Insurance Place 93,127/28,217 01/01/2022-
Erie, PA 16530 $8.95/$4.20 06/30/2022
F.W. Hirt-Perry Square 100 Erie Insurance Place 162,002/41,065 01/01/2022-
Building Erie, PA 16530 $8.95/$4.20 06/30/2022
Petersen Center 100 Erie Insurance Place 30,724/ n/a 01/01/2022-
Erie, PA 16530 $8.95/ n/a 06/30/2022
Holland Street Building 100 Erie Insurance Place 66,114/27,364 01/01/2022-
Erie, PA 16530 $8.95/$4.20 06/30/2022
Lafayette Place 400 French Street 17,052/5,392 01/01/2022-
Erie, PA 16507 $8.95/$4.20 06/30/2022
Gideon Ball House 135 East 6thStreet 9,200/ n/a 01/01/2022-
Erie, PA 16501 $8.95/ n/a 06/30/2022
Armory 360 East 6thStreet 21,737/12,605 01/01/2022-
Erie, PA 16507 $8.95/$4.20 06/30/2022
C.F Adams/Heritage Center 101 East 6thStreet 6,036/4,325 01/01/2022-
Erie, PA 16501 $8.95/$4.20 06/30/2022
O’Donnell House 410 French Street 762/711 01/01/2022-
Erie, PA 16507 $8.95//$4.20 06/30/2022
Firehouse 414 French Street 8,073/2,480 01/01/2022-
Erie, PA 16507 $8.95/$4.20 06/30/2022
French Street Ramp/ 100 Erie Insurance Place 11,760/38,616 01/01/2022-
Mail Facility Erie, PA 16530 $8.95/$4.20 06/30/2022