Document:

EX-10.2

Exhibit 10.2

[Letterhead of The Goldman Sachs Group, Inc.]

GENERAL GUARANTEE AGREEMENT

          This General Guarantee Agreement, dated September 21, 2008 (the “Guarantee”), is made by The
Goldman Sachs Group, Inc. (the “Guarantor”), a corporation duly organized under the laws of the
State of Delaware, in favor of each person (each, a “Party”) to whom Goldman Sachs Bank USA, a Utah
Corporation and a subsidiary of the Guarantor (the “Company”), may owe any Obligations (as defined
below) from time to time.

     1. Guarantee. For value received, the Guarantor hereby unconditionally and, subject to the
provisions of paragraphs number six and seven, irrevocably guarantees to each Party, the complete
payment when due, whether by acceleration or otherwise, of all payment obligations, whether now in
existence or hereafter arising (other than non-recourse payment obligations) of the Company,
including, without limitation, all payment obligations (other than non-recourse payment
obligations) in connection with any deposit, loan, letter of credit or similar borrowing or lending
obligation or arising under any swap, futures, option, forward or other derivative instrument (the
“Obligations”). This Guarantee is one of payment and not of collection.

     2. Waiver of Notice, etc. Except as may be required by the contract, agreement or instrument
creating the Obligations, the Guarantor hereby waives notice of acceptance of this Guarantee and
notice of the Obligations, and waives proof of reliance, diligence, presentment, demand for
payment, protest, notice of dishonor or non-payment of the Obligations, suit, and the taking of any
other action by any Party against, and any other notice to, the Company, the Guarantor or others.

     3. Nature of Guarantee. This Guarantee shall be construed as a continuing, absolute and
unconditional guarantee of payment without regard to (a) the validity or enforceability of any
Obligation or right of offset with respect thereto at any time and from time to time held by any
Party or (b) any other circumstance whatsoever (with or without notice to or knowledge of the
Company or the Guarantor) which might constitute an equitable or legal discharge of the Company for
the Obligations, or of the Guarantor under this Guarantee, in bankruptcy or in any other instance;
provided, however, that under no circumstances will the Guarantor be liable to any Party hereunder
for any amount in excess of the amount which the Company actually owes to such Party and that the
Guarantor may assert any defense to payment available to the Company, other than those arising in a
bankruptcy or insolvency proceeding.

          A Party may at any time and from time to time without notice to or consent of the Guarantor
and without impairing or releasing the obligations of the Guarantor hereunder: (1) agree with the
Company to make any change in the terms of the Obligations; (2) take or fail to take any action of
any kind in respect of any security for any obligation or liability of the Company to such Party,
(3) exercise or refrain from exercising any rights against the Company or others in respect of the
Obligations; or (4) compromise or subordinate the Obligations. Any other suretyship defenses are
hereby waived by the Guarantor.

 

 

     4. Reinstatement. The Guarantor further agrees that this Guaranty shall continue to be
effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any
of the Obligations, or interest thereon is rescinded or must otherwise be restored or returned by
such Party upon the bankruptcy, insolvency, dissolution or reorganization of the Company.

     5. Subrogation. The Guarantor will not exercise any rights which it may acquire hereunder by
way of subrogation, as a result of a payment hereunder, until all due and unpaid Obligations to
such Party shall have been paid in full. Any amount paid to the Guarantor in violation of the
preceding sentence shall be held by Guarantor for the benefit of such Party and shall forthwith be
paid to such Party to be credited and applied to the due and unpaid Obligations. Subject to the
foregoing, upon payment of all such due and unpaid Obligations, the Guarantor shall be subrogated
to the rights of such Party against the Company with respect to such Obligations, and such Party
agrees to take at the Guarantor’s expense such steps as the Guarantor may reasonably request to
implement such subrogation.

     6. Amendment and Termination. This guarantee may be amended or terminated, as to one Party,
all Parties or a group of specified Parties and as to one Obligation, all Obligations or specified
Obligations, at any time by (i) issuance by the Guarantor of a press release reported by the Dow
Jones News Service, the Associated Press or a comparable national news service, or (ii) written
notice signed by the Guarantor, with such amendment or termination effective with respect to a
Party on the opening of business on the fifth New York business day after earlier of the issuance
of such press release or the receipt of such written notice, as applicable; provided, however, that
no such amendment or termination may adversely affect the rights of any Party relating to any
Obligations incurred prior to the effectiveness of such amendment or termination; provided further,
that any such amendment or termination may become effective as to one Party whether or not it
becomes effective with respect to another Party.

     7. Assignment. The Guarantor may not assign its rights nor delegate its obligations under
this Guarantee with respect to a Party, in whole or in part, without prior written consent of such
Party, and any purported assignment or delegation absent such consent is void, except for an
assignment and delegation of all of the Guarantor’s rights and obligations hereunder in whatever
form the Guarantor determines may be appropriate to a partnership, corporation, trust or other
organization in whatever form that succeeds to all or substantially all of the Guarantor’s assets
and business and that assumes such obligations by contract, operation of law or otherwise. Upon
any such delegation and assumption of obligations, the Guarantor shall be relieved of and fully
discharged from all obligations hereunder, whether such obligations arose before or after such
delegation and assumption.

     8. Governing Law and Jurisdiction. THIS GUARANTEE SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO PRINCIPLES OF CONFLICTS
OF LAW. GUARANTOR AGREES TO THE EXCLUSIVE JURISDICTION OF COURTS LOCATED IN THE STATE OF NEW YORK,
UNITED STATES OF AMERICA, OVER ANY DISPUTES ARISING UNDER OR RELATING TO THIS GUARANTEE.

-2-

 

          IN WITNESS WHEREOF, the Guarantor has duly executed this Guarantee as of the day and year
first above written.

	 	 	 	 	 
	 	THE GOLDMAN SACHS GROUP, INC.

 	 
	 	By:  	/s/ Elizabeth E. Beshel
 	 
	 	 	Name:  	Elizabeth E. Beshel 	 
	 	 	Title:  	Treasurer 	 
	 

-3-EX-10.3

Exhibit 10.3

____________, 2008

Verisk Analytics, Inc.

     545 Washington Boulevard

     Jersey City, New Jersey

     07310

Ladies and Gentlemen:

     The undersigned understands that Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan
Stanley & Co. Incorporated, as representatives of the several underwriters (the “Underwriters”),
propose to enter into an Underwriting Agreement (the “Underwriting Agreement”) with Verisk
Analytics, Inc., a Delaware corporation (the “Company”), providing for the public offering (the
“Initial Public Offering”) by certain stockholders of the Company, of shares of Class A Common
Stock, par value $0.001 per share, of the Company (the “Common Stock”).

     To induce the Company and the Underwriters to continue their efforts in connection with the
Initial Public Offering, the undersigned hereby agrees that, from the date of the pricing of the
Initial Public Offering to the 30-month anniversary date thereof, without the prior written consent
of the Board of Directors of the Company, the undersigned will not Transfer any shares of Common
Stock Beneficially Owned by the undersigned and any purported Transfer of such shares of Common
Stock shall be null and void ab initio. The foregoing sentence shall not apply to:

     (a) the Common Stock sold in the Initial Public Offering;

     (b) the sale of Common Stock in a public offering registered with the Securities and Exchange
Commission;

     (c) 50% of the number of shares of Common Stock Beneficially Owned by the undersigned on the
18-month anniversary date of the pricing of the Initial Public Offering; provided that the number
of shares of Common Stock sold pursuant to paragraphs (a) and (b) above will be (i) included in the
number of shares of Common Stock Beneficially Owned for the purposes of this paragraph (c) and (ii)
subtracted from the number of shares of Common Stock that are no longer subject to the restrictions
on Transfer pursuant to this paragraph (c);

     (d) Transfers or agreements to Transfer of Common Stock pursuant to a merger, tender offer or
other change of control transaction involving the Company and approved or recommended by the Board
of Directors of the Company, provided that, in the event that such transaction is not completed,
any Common Stock Beneficially Owned by the undersigned will remain subject to the restrictions
contained in this agreement;

 

 

     (e) Transfers of shares of Common Stock or other securities acquired in open market
transactions after completion of the Initial Public Offering;

     (f) the establishment of a trading plan pursuant to Rule 10b5-1 under the Securities and
Exchange Act of 1934, as amended, for the Transfer of Common Stock; provided that such plan does
not provide for the Transfer of the Common Stock in violation of the other terms of this agreement;
and

     (g) Transfers to any spouse, child or charity, or a trust for the benefit of one or more of
the undersigned and any spouse, child or charity; provided that the transferee agrees to enter into
an agreement on terms substantially similar to those contained herein.

     Capitalized terms used in the paragraphs above and not otherwise defined shall have their
respective meanings as defined below:

     “Beneficially Own” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5
under the Securities and Exchange Act of 1934 (or any successor rules), except that in
calculating the beneficial ownership of the undersigned, the undersigned will be deemed to
have beneficial ownership of all securities that the undersigned has the right to acquire
by conversion or exercise of other securities, whether such right is currently exercisable
or is exercisable only upon the passage of time or the occurrence of a subsequent
condition; provided that any Common Stock Beneficially Owned pursuant to paragraph (f)
above will not be included in this definition of Beneficially Own. The terms “Beneficially
Owns,” “Beneficial Ownership” and “Beneficially Owned” have a corresponding meaning.

     “Transfer” means any issuance, sale, transfer, gift, assignment, distribution, devise
or other disposition, directly or indirectly, by operation of law or otherwise, as well as
any other event that causes any person to acquire Beneficial Ownership of Common Stock or
the right to vote Common Stock, or any agreement to take any such actions or cause any
such events, including (a) any offer, pledge, sale, contract to sell, the sale of any
option or contract to purchase, the purchase of any option or contract to sell, the grant
of any option, right or warrant to purchase, loan, or any other transfer or disposition
of, directly or indirectly, any shares of Common Stock or any securities convertible into
or exercisable or exchangeable for Common Stock, (b) entering into any swap or other
arrangement that transfers to another, in whole or in part, any of the economic
consequences of ownership of the Common Stock, whether any such transaction is described
in clause (a) or (b) above or is to be settled by delivery of Common Stock or such other
securities, in cash or otherwise and (c) transfers of interests in other entities that
result in changes in Beneficial Ownership of Common Stock, in each case, whether voluntary
or involuntary, whether owned of record, or Beneficially Owned and whether by merger, operation of law or otherwise. The terms “Transferring,”
“Transferred,” “Transferee” and “Transferor” shall have the correlative meanings.

2

 

     If the undersigned dies or becomes Disabled, the undersigned will be released from the
obligations under this agreement, and this agreement shall be void and of no further effect. For
the purposes of this paragraph, “Disabled” means that the undersigned is prevented, by illness,
accident, disability or any other medically determinable physical or mental condition, from
substantially performing the undersigned’s duties and responsibilities for one (1) or more periods
totaling ninety (90) days in any twelve (12)-month period, as determined by the Board of Directors
in their sole discretion.

     The undersigned also agrees and consents to the entry of stop transfer instructions with the
Company’s transfer agent and registrar against the transfer of the undersigned’s shares of Common
Stock except in compliance with the foregoing restrictions.

     Notwithstanding the foregoing, if (i) the Company and the Underwriters have not entered into
the Underwriting Agreement on or before June 30, 2009, (ii) the Underwriting Agreement shall
terminate or be terminated prior to payment for and delivery of the Class A Common Stock, or (iii)
the undersigned has attained the age of 70 years, the undersigned will be released from the
obligations under this agreement, and this agreement shall be void and of no further effect.

     Any amendment of this agreement requires the written consent of the Company with the approval
of the Board of Directors of the Company.

     The undersigned understands that the Company and the Underwriters are relying upon this
agreement in proceeding toward consummation of the Public Offering. For the avoidance of doubt,
the foregoing, however, shall not modify, limit or supersede any arrangement, agreement or
understanding entered into between the undersigned and any of the Underwriters in connection with
the Initial Public Offering. The undersigned further understands that this agreement is
irrevocable and shall be binding upon the undersigned’s heirs, legal representatives, successors
and assigns.

     Whether or not the Initial Public Offering actually occurs depends on a number of factors,
including market conditions. Any Initial Public Offering will only be made pursuant to an
Underwriting Agreement, the terms of which are subject to negotiation between the Company and the
Underwriters.

	 	 	 
	 

	 	Very truly yours,
	 
	 	 
	 

	 	 

	 
	 	 
	 

	 	 

(Name)
	 
	 	 
	 

	 	 

(Address)

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