Exhibit 10.1

EXECUTION VERSION

SECOND AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT

This SECOND AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT, dated as
of May 26, 2016 (this “Amendment”), among Verisk Analytics, Inc., a Delaware
corporation, as borrower (the “Borrower”) and the Lenders under the Credit
Agreement (each as defined below) party hereto amends the Second Amended and
Restated Credit Agreement, dated as of April 22, 2015, as amended by the First
Amendment, dated as of July 24, 2015 (as further amended, restated, amended and
restated, supplemented or otherwise modified from time to time, including all
Schedules and Exhibits thereto, the “Credit Agreement”) by and among, inter
alios, the Borrower, the lenders party thereto from time to time (hereinafter
collectively referred to as the “Lenders”), Bank of America, N.A. (“Bank of
America”), as swing line lender and letter of credit issuer (hereinafter, Bank
of America, in its capacity as a letter of credit issuer, shall be referred to
as the “L/C Issuer”) and Bank of America, as Administrative Agent for the
Lenders (hereinafter, in such capacity, referred to as the “Administrative
Agent”).

W I T N E S S E T H:

WHEREAS, the Borrower and the Lenders party hereto, being all of the Lenders,
wish to amend the Credit Agreement as set forth herein.

NOW THEREFORE, in consideration of the foregoing recital, mutual agreements
contained herein and for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Borrower and the Lenders party
hereto hereby agree as follows:

Section 1. Defined Terms. All capitalized terms used but not defined in this
Amendment shall have the respective meanings specified in the Credit Agreement.

Section 2. Amendments to the Credit Agreement. Subject to the satisfaction of
the conditions set forth in Section 3 of this Amendment, the following
amendments shall be made to the Credit Agreement:

(a) Amended Schedule. Schedule 2.01 to the Credit Agreement is hereby amended
and restated in its entirety in the form of Schedule 2.01 attached hereto.

(b) Amended Definitions. The definitions of “Applicable Rate”, “Defaulting
Lender”, “Federal Funds Rate” and “Maturity Date” as set forth in Section 1.01
of the Credit Agreement shall be amended as follows:

(i) The pricing grid set forth in the definition of “Applicable Rate” is amended
and restated in its entirety as follows:

 

Pricing
Level

  

Consolidated

Funded Debt

Leverage Ratio

  

Commitment

Fee

  

Eurodollar

Rate

Margin

  

Base Rate

Margin

  

Letter of

Credit Fee

1

   £ 1.00:1.00    12.5 bps    112.5 bps    12.5 bps    112.5 bps

2

   > 1.00:1.00 but £ 2.00:1.00    15.0 bps    125.0 bps    25.0 bps    125.0 bps

3

   > 2.00:1.00 but £ 2.75:1.00    17.5 bps    137.5 bps    37.5 bps    137.5 bps

4

   > 2.75:1.00 but £ 3.25:1.00    20.0 bps    150.0 bps    50.0 bps    150.0 bps

5

   >3.25:1.00    25.0 bps    162.5 bps    62.5 bps    162.5 bps

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(ii) The definition of “Defaulting Lender” is amended to include the phrase “or
a Bail-In Action” at the end of clause (d)(i) thereof.

(iii) The definition of “Federal Funds Rate” is amended to delete the reference
therein to “arranged by Federal funds brokers”.

(iv) The definition of “Maturity Date” is amended to replace the reference to
“the date that is five years following the Effective Date” with “May 15, 2021”.

(c) Additional Definitions. The following definitions shall be inserted in
alphabetical order in Section 1.01 of the Credit Agreement:

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by
the applicable EEA Resolution Authority in respect of any liability of an EEA
Financial Institution.

“Bail-In Legislation” means, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council
of the European Union, the implementing law for such EEA Member Country from
time to time which is described in the EU Bail-In Legislation Schedule.

“EEA Financial Institution” means (a) any institution established in any EEA
Member Country which is subject to the supervision of an EEA Resolution
Authority, (b) any entity established in an EEA Member Country which is a parent
of an institution described in clause (a) of this definition, or (c) any
institution established in an EEA Member Country which is a subsidiary of an
institution described in clauses (a) or (b) of this definition and is subject to
consolidated supervision with its parent;

“EEA Member Country” means any of the member states of the European Union,
Iceland, Liechtenstein, and Norway.

“EEA Resolution Authority” means any public administrative authority or any
Person entrusted with public administrative authority of any EEA Member Country
(including any delegee) having responsibility for the resolution of any EEA
Financial Institution.

“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule
published by the Loan Market Association (or any successor Person), as in effect
from time to time.

“Write-Down and Conversion Powers” means, with respect to any EEA Resolution
Authority, the write-down and conversion powers of such EEA Resolution Authority
from time to time under the Bail-In Legislation for the applicable EEA Member
Country, which write-down and conversion powers are described in the EU Bail-In
Legislation Schedule.

 

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(d) Amended Section. Clause (b) of Section 2.17 is amended to include the phrase
“subject to Section 10.22,” at the beginning of the final proviso thereof.

(e) Added Sections.

(i) The following Section 5.21 shall be inserted immediately following
Section 5.20 of the Credit Agreement as a new Section 5.21:

5.21 EEA Financial Institutions. No Loan Party is an EEA Financial Institution.

(ii) The following Section 10.22 shall be inserted immediately following
Section 10.21 of the Credit Agreement as a new Section 10.22:

10.22 Acknowledgement and Consent to Bail-In of EEA Financial Institutions.
Notwithstanding anything to the contrary in any Loan Document or in any other
agreement, arrangement or understanding among any such parties, each party
hereto acknowledges that any liability of any EEA Financial Institution arising
under any Loan Document may be subject to the write-down and conversion powers
of an EEA Resolution Authority and agrees and consents to, and acknowledges and
agrees to be bound by:

(a) the application of any Write-Down and Conversion Powers by an EEA Resolution
Authority to any such liabilities arising hereunder which may be payable to it
by any party hereto that is an EEA Financial Institution; and

(b) the effects of any Bail-In Action on any such liability, including, if
applicable:

(i) a reduction in full or in part or cancellation of any such liability;

(ii) a conversion of all, or a portion of, such liability into shares or other
instruments of ownership in such EEA Financial Institution, its parent entity,
or a bridge institution that may be issued to it or otherwise conferred on it,
and that such shares or other instruments of ownership will be accepted by it in
lieu of any rights with respect to any such liability under this Agreement or
any other Loan Document; or

(iii) the variation of the terms of such liability in connection with the
exercise of the write-down and conversion powers of any EEA Resolution
Authority.

Section 3. Conditions to Effectiveness. This Amendment shall become effective on
the date on which each of the following conditions is satisfied (the “Second
Amendment Effective Date”):

(a) Executed Amendment. The Administrative Agent shall have received one or more
counterparts of this Amendment, duly executed and delivered by the Borrower, the
L/C Issuer, the Swing Loan Lender and the Administrative Agent and each Lender.

 

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(b) Expenses. The Administrative Agent shall have received payment of all
expenses then due and payable to the Administrative Agent pursuant to the Credit
Agreement (including all reasonable attorney costs of the Administrative Agent),
subject to the Borrower receiving an invoice with respect thereto.

(c) Amendment Fees. The Borrower shall have paid to the Lead Arranger and the
Administrative Agent, as applicable, the fees set forth in the fee letter, dated
as of May 5, 2016, by and among the Borrower, the Lead Arranger and the
Administrative Agent, in each case, to the extent such fees are payable on the
Second Amendment Effective Date.

Section 4. Representations and Warranties. To induce the Lenders to enter into
this Amendment, the Borrower represents and warrants to the Administrative Agent
and Lenders that, as of the Second Amendment Effective Date:

(a) the execution, delivery and performance by the Borrower of this Amendment or
any other Loan Document to which it is a party, have been duly authorized by all
necessary corporate or other organizational action, and do not and will not
(i) contravene the terms of any of the Borrower’s Organization Documents;
(ii) conflict with or result in any breach or contravention of, or the creation
of any Lien under, or require any payment to be made under (A) any material
Contractual Obligation to which the Borrower is a party or (B) any order,
injunction, writ or decree of any Governmental Authority or any arbitral award
to which the Borrower or its Property is subject; or (iii) violate any Law;

(b) no approval, consent, exemption, authorization, or other action by, or
notice to, or filing with, any Governmental Authority is necessary or required
in connection with the execution, delivery or performance by the Borrower of
this Amendment or any other Loan Document and no consent of any other Person is
required in connection with the execution, delivery or performance by the
Borrower of this Agreement or any other Loan Document except any such consent
the failure of which to obtain could not reasonably be expected to have a
Material Adverse Effect;

(c) this Amendment has been duly executed and delivered by the Borrower and this
Amendment and the Credit Agreement, as amended hereby constitute the legal,
valid and binding obligation of the Borrower, enforceable against the Borrower
in accordance with their respective terms, subject to applicable bankruptcy,
insolvency, reorganization, moratorium or other Laws affecting creditors’ rights
generally and subject to general principals of equity (regardless of whether
such enforceability is considered in a proceeding in equity or at law);

(d) immediately prior to and after giving effect to the terms, conditions, and
provisions of this Amendment, no Default or Event of Default exists; and

(e) all representations and warranties of the Borrower contained in the Credit
Agreement and all of the other Loan Documents are true and correct as of the
date hereof, except to the extent that such representations and warranties
specifically refer to an earlier date, in which case they are true and correct
as of such earlier date, and except that the representations and warranties
contained in subsections (a), (b), and (c) of Section 5.05 of the Credit
Agreement shall be deemed to refer to the most recent statements furnished
pursuant to clauses (a) and (b), respectively, of Section 6.01 of the Credit
Agreement.

Section 5. Acknowledgement of Revised Commitments. Notwithstanding anything to
the contrary in the Credit Agreement or other Loan Documents, each party hereto
acknowledges and agrees that commencing on the Second Amendment Effective Date,
the Commitments of the Lenders shall be as set forth on the new Schedule 2.01
referenced in Section 2(a) of this Amendment.

 

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Section 6. Miscellaneous.

(a) Confirmation of Loan Documents. The Borrower hereby covenants and agrees
that, except as expressly amended and/or modified by this Amendment, all of the
terms, conditions, and provisions of the Credit Agreement and the other Loan
Documents shall remain unchanged and in full force and effect. All of the
indebtedness represented by the Loan Documents and all other obligations,
responsibilities, and liabilities of the Borrower to the Lenders and the
Administrative Agent are owed without any offset, defenses, or counterclaims
whatsoever. The Credit Agreement, together with this Amendment, shall be read
and construed as a single agreement. All references in the Loan Documents to the
Credit Agreement or any other Loan Document shall hereafter refer to the Credit
Agreement or any other Loan Document as amended hereby. On and after the date
hereof, this Amendment shall for all purposes constitute a “Loan Document”.

(b) Limitation of this Amendment. The amendments set forth herein are effective
solely for the purposes set forth herein and shall be limited precisely as
written. Except as otherwise set forth herein, nothing contained herein and no
actions taken pursuant to the terms hereof are intended to constitute a novation
of the Facility, or any waiver of the terms, conditions, or provisions of the
Credit Agreement and/or any of the other Loan Documents and do not constitute a
release, termination or waiver of any of the rights and/or remedies granted to
the Lenders and/or the Administrative Agent under the Loan Documents. Upon the
effectiveness of this Amendment, each reference in the Credit Agreement to “this
Agreement”, “herein”, “hereof” and words of like import and each reference in
the Credit Agreement and the Loan Documents to the Credit Agreement shall mean
and refer to the Credit Agreement as amended hereby.

(c) Captions. Section headings used herein are for convenience of reference
only, are not part of this Amendment and shall not affect the construction of,
or be taken into consideration in interpreting, this Amendment.

(d) Successors and Assigns. This Amendment shall be binding upon and shall inure
to the sole benefit of the Borrower, the Administrative Agent and the Lenders
and their respective successors and assigns.

(e) References. Any reference to the Credit Agreement contained in any notice,
request, certificate, or other document executed concurrently with or after the
execution and delivery of this Amendment shall be deemed to include this
Amendment unless the context shall otherwise require.

(f) Miscellaneous. This Amendment shall be subject to the following Sections of
the Credit Agreement, as if set forth herein in their entirety: Sections 10.10,
10.12, 10.14, 10.15 and 10.16.

 

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IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed
and delivered as of the date first above written.

 

VERISK ANALYTICS, INC.,

as the Borrower

By:  

/s/ Mark V. Anquillare

  Name:   Mark V. Anquillare   Title:   Chief Financial Officer

Signature Page to Second Amendment - Verisk

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BANK OF AMERICA, N.A.,

as the Administrative Agent

By:  

/s/ Darlene R. DiGrazia

  Name:   Darlene R. DiGrazia   Title:   Vice President

Signature Page to Second Amendment - Verisk

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BANK OF AMERICA, N.A.,

as a Lender, L/C Issuer and Swing Line Lender

By:  

/s/ William P. Warren

  Name:   William. P. Warren   Title:   Senior Vice President

Signature Page to Second Amendment - Verisk

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JPMORGAN CHASE BANK, N.A.,

as a Lender

By:  

/s/ Hector J. Varona

  Name:   Hector J. Varona   Title:   Executive Director

Signature Page to Second Amendment - Verisk

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SUNTRUST BANK,

as a Lender

By:  

/s/ Marshall T. Mangum, III

  Name:   Marshall T. Mangum, III   Title:   Director

Signature Page to Second Amendment - Verisk

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WELLS FARGO BANK N.A.,

as a Lender

By:  

/s/ Rahul Baig

  Name:   Rahul Baig   Title:   Managing Director

Signature Page to Second Amendment - Verisk

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CITIZENS BANK, N.A.,

as a Lender

By:  

/s/ Barrett D. Bencivenga

  Name:   Barrett D. Bencivenga   Title:   Managing Director

Signature Page to Second Amendment - Verisk

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MORGAN STANLEY BANK, N.A.,

as a Lender

By:  

/s/ Michael King

  Name:   Michael King   Title:   Authorized Signatory

Signature Page to Second Amendment - Verisk

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HSBC BANK USA, N.A.,

as a Lender

By:  

/s/ Robert Moravec

  Name:   Robert Moravec   Title:   SVP

Signature Page to Second Amendment - Verisk

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ROYAL BANK OF CANADA,

as a Lender

By:  

/s/ Kamran Khan

  Name:   Kamran Khan   Title:   Authorized Signatory

Signature Page to Second Amendment - Verisk

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BNP PARIBAS,

as a Lender

By:  

/s/ Barbara Nash

  Name:   Barbara Nash   Title:   Managing Director By:  

/s/ Maria Mulic

  Name:   Maria Mulic   Title:   Director

Signature Page to Second Amendment - Verisk

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TD BANK, N.A.,

as a Lender

By:  

/s/ Craig Welch

  Name:   Craig Welch   Title:   Senior Vice President

Signature Page to Second Amendment - Verisk

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CAPITAL ONE, NATIONAL ASSOCIATION,

as a Lender

By:  

/s/ Nancy McIver

  Name:   Nancy McIver   Title:   Senior Vice President

Signature Page to Second Amendment - Verisk

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THE NORTHERN TRUST COMPANY,

as a Lender

By:  

/s/ Andrew D. Holtz

  Name:   Andrew D. Holtz   Title:   Senior Vice President

Signature Page to Second Amendment - Verisk

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SCHEDULE 2.01

COMMITMENTS

AND APPLICABLE PERCENTAGES

 

Lender

   Commitment      Applicable Percentage  

Bank of America, N.A.

   $ 270,000,000         18.000000000 % 

JPMorgan Chase Bank, N.A.

   $ 170,000,000         11.333333333 % 

SunTrust Bank

   $ 170,000,000         11.333333333 % 

Wells Fargo Bank N.A.

   $ 170,000,000         11.333333333 % 

Citizens Bank, N.A.

   $ 150,000,000         10.000000000 % 

Morgan Stanley Bank, N.A.

   $ 150,000,000         10.000000000 % 

HSBC Bank USA, N.A.

   $ 85,000,000         5.666666667 % 

Royal Bank of Canada

   $ 85,000,000         5.666666667 % 

BNP Paribas

   $ 75,000,000         5.000000000 % 

TD Bank, N.A.

   $ 75,000,000         5.000000000 % 

Capital One, National Association

   $ 50,000,000         3.333333333 % 

The Northern Trust Company

   $ 50,000,000         3.333333333 % 

Total

   $ 1,500,000,000.00         100.0000 %