Document:

First Amendment

 Exhibit 10.1 

 
 

 
 September 28, 2012 
 To the parties shown on Schedule “A”  
 attached hereto and made a part hereof

  

	Re:	Senior Unsecured Revolving Credit Facility in the current aggregate maximum principal amount of up to $725,000,000.00 – First Amendment

 Ladies and Gentlemen: 
 Reference is hereby made to that certain Amended and Restated Credit Agreement dated October 25, 2011 (hereinafter referred to as the “Credit Agreement”) entered into by and among
Verisk Analytics, Inc., a Delaware corporation, and Insurance Services Office, Inc., a Delaware corporation, as co-borrowers (hereinafter collectively referred to as the “Co-Borrowers”), certain lenders (hereinafter collectively
referred to as the “Lenders”), Bank of America, N.A., as swing line lender and letter of credit issuer (hereinafter, Bank of America, in its capacity as letter of credit issuer, shall be referred to as “L/C
Issuer”), Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC, as joint lead arrangers and joint book managers, JPMorgan Chase Bank, N.A., as syndications agent, Morgan Stanley Bank, N.A. and Wells
Fargo Bank, N.A., as co-documentation agents, and Bank of America, N.A., as Administrative Agent for the Lenders (hereinafter, in such capacity, referred to as the “Agent”), pursuant to which the Lenders have made available to the
Borrower a five (5) year amended and restated syndicated senior unsecured revolving credit facility in the current aggregate maximum principal amount of up to $725,000,000.00 (hereinafter referred to as the “Facility”). Defined
terms used but not expressly defined herein shall have the same meanings when used herein as set forth in the Credit Agreement. 

Reference is hereby further made to that certain Amended and Restated Continuing Guaranty dated October 25, 2011 made by certain
Guarantors (hereinafter collectively referred to as the “Guarantors”) in favor of the Agent and the Lenders. 

 September 28, 2012 
  Page
 2
 
  

 The Co-Borrowers have requested that the Lenders and the Agent, and the Lenders and the
Agent have agreed, (i) to increase the maximum principal amount of the Facility from the current aggregate maximum principal amount of up to $725,000,000.00 to an increased aggregate maximum principal amount of up to $850,000,000.00,
(ii) to extend the existing Maturity Date of the Facility by one (1) year from the existing Maturity Date of “October 24, 2016” to a new Maturity Date of “October 24, 2017”, and (iii) to amend
Section 7.08(b) of the Credit Agreement for the purposes of increasing the maximum Consolidated Funded Debt Leverage Ratio permitted under said Section from the existing ratio of “3.25 -to- 1.0” to a new ratio of “3.50
-to- 1.0”. Therefore, the parties hereby covenant and agree as follows: 
 1. Effective as of the date hereof, the Agent
and the Lenders hereby agree as follows: 
 (i) The Co-Borrowers have exercised their right to increase the maximum principal
amount of the Facility in accordance with the terms, conditions, and provisions of Section 2.14 of the Credit Agreement and, as a result, the aggregate maximum principal amount of the Facility is hereby increased to $850,000,000.00.

 (ii) Section 1.01 of the Credit Agreement is hereby amended and modified by deleting the existing definition of
“Fee Letter” in its entirety and inserting the following new definition of “Fee Letter” in its place and stead: 
 ““Fee Letter” means, collectively, (a) that certain letter agreement dated October 4, 2011, by and among the Co-Borrowers, the Administrative Agent and the Arrangers and
(b) that certain letter agreement dated August 30, 2012, by and among the Co-Borrowers, the Administrative Agent and the Arrangers.” 
 (iii) Section 1.01 of the Credit Agreement is hereby amended and modified by deleting the reference in the definition of “Maturity Date” to a date of “October 24, 2016” and
inserting a reference to new date of “October 24, 2017” in its place and stead. 
 (iv) Section 7.08(b) of
the Credit Agreement is hereby amended and modified by deleting the reference therein to a maximum permitted Consolidated Funded Debt Leverage Ratio of “3.25 -to- 1.0” and inserting a reference to a new ratio of “3.50 -to- 1.0”
in its place and stead. In addition, the related references to a Consolidated Funded Debt Leverage Ratio of “3.25:1” set forth and contained (a) in the definition of “Applicable Rate”, which existing definition shall be
deleted in its entirety and the new definition set forth on Annex A hereto shall be inserted in its place and stead and (b) on Schedule 1 to the Form of Compliance Certificate attached to the Credit Agreement as Exhibit
“D” shall likewise be deleted, and new references to a Consolidated Funded Debt Leverage Ratio of “3.50:1” shall be inserted in their place and stead. 
 (v) The Commitments and Applicable Percentages set forth and contained on the existing Schedule 2.01 of the Credit Agreement are hereby deleted in their entirety and the Commitments and Applicable
Percentages set forth on Schedule 1 attached hereto are hereby inserted in their place and stead. 
 2. There is, as of
September 24, 2012, due and owing on the Facility the principal amount of $136,291,573.00, consisting of (i) Committed Loans in the aggregate principal amount of $135,000,000.00, and (ii) issued and outstanding Letters of Credit in
the aggregate stated amount of $1,291,573.00, in the case of each of the foregoing together with unpaid accrued interest, fees, costs and expenses due and owing to the Lenders under the Credit Agreement, all without offset, defense or counterclaim,
all of which are hereby expressly waived by the Co-Borrowers and the Guarantors as of the date hereof. As of September 24, 2012, there were no amounts due and owing to the Lenders in connection with any unreimbursed draws on any Letter of
Credit. 

 September 28, 2012 
  Page
 3
 
  

 3. The Co-Borrowers and the Guarantors hereby represent and warrant to the Lenders and
the Agent that all representations and warranties of the Co-Borrowers and the Guarantors contained in the Credit Agreement and all of the other Loan Documents continue to be true, accurate and correct as of the date hereof, as if made on and 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) and (b) 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. All of the indebtedness represented by the Loan Documents and all other obligations, responsibilities, and liabilities of the Co-Borrowers and the Guarantors to the Lenders and the Agent are due without any offset, defenses, or
counterclaims whatsoever. The Co-Borrowers and the Guarantors hereby covenant and agree that, except as expressly amended and/or modified by this letter agreement, 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. 
 4. The Co-Borrowers and the Guarantors do hereby
(i) represent and warrant that, after giving effect to the terms, conditions, and provisions of this letter agreement, no Event of Default exists or will exist upon the delivery of notice, passage of time, or both; (ii) except as otherwise
set forth herein, acknowledge and agree that 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 Agent under the Loan Documents; (iii) represent and warrant that none
of the certificate or articles of incorporation, by-laws, or other governing documents of either of the Co-Borrowers or the Guarantors have been amended, modified and/or supplemented in any material way since the date such documents were most
recently delivered to the Lenders; and (iv) represent and warrant that the Co-Borrowers and the Guarantors have taken all necessary action required by law and by its governing documents to execute and deliver this letter agreement and that such
execution and delivery constitutes the legal and validly binding action of such entity. 
 5. On and after the date of this
letter agreement, this letter agreement shall for all purposes constitute a “Loan Document”. 
 6. This letter
agreement may be executed in any number of counterparts, each of which, when taken together, shall be deemed one and the same instrument. 
 7. This letter agreement shall be governed by, and construed in accordance with, the laws of the State of New York. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 September 28, 2012 
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 Kindly indicate the agreement with the terms and conditions of this letter agreement by
countersigning in the space provided below, and returning a countersigned copy of this letter agreement to the undersigned. 
  

			
	Very truly yours,
	
	BANK OF AMERICA, N.A., as the Agent
		
	By:	 	             /s/ Angela
Larkin

		 	Name: Angela Larkin
		 	Title: Assistant Vice President

 September 28, 2012 
  Page
 5
 
  

 ACCEPTED AND AGREED AS OF THE 28th DAY OF SEPTEMBER, 2012: 

 

									
		 	CO-BORROWERS:
		
		 	VERISK ANALYTICS, INC., as a Co-Borrower
				
		 		  	By:	  	     /s/ Mark V. Anquillare

		 		  		  	    Mark V. Anquillare
		 		  		  	    Executive Vice President and Chief Financial Officer
		
		 	INSURANCE SERVICES OFFICE, INC., as a Co-Borrower
				
		 		  	By:	  	     /s/ Mark V. Anquillare

		 		  		  	    Mark V. Anquillare
		 		  		  	    Executive Vice President and Chief Financial Officer
	
	GUARANTORS: 
		
		 	XACTWARE SOLUTIONS, INC., a Delaware corporation
		 	ISO SERVICES, INC., a Delaware corporation
		 	ISO CLAIMS SERVICES, INC., a Delaware corporation
		 	AIR WORLDWIDE CORPORATION, a Delaware corporation
		 	VERISK HEALTH, INC., a Massachusetts corporation
		 	INTERTHINX, INC., a California corporation
		 	VERISK HEALTH SOLUTIONS, INC., a Delaware corporation
			
		 	By:	  	     /s/ Mark V. Anquillare

		 		  	Mark V. Anquillare
		 		  	Vice President of Xactware Solutions, Inc.,
		 		  	    ISO Services, Inc.,
		 		  	    ISO Claims Services, Inc.,
		 		  	     AIR Worldwide Corporation, and
     Interthinx, Inc.

		 		  	Vice President and Chief Financial Officer of
		 		  	    Verisk Health, Inc., and
		 		  	    Verisk Health Solutions, Inc.

 [SIGNATURES CONTINUED ON NEXT PAGE] 

 September 28, 2012 
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	LENDERS:
	
	BANK OF AMERICA, N.A., as a Lender, L/C Issuer and Swing Line Lender
		
	By:	 	  /s/ William T. Franey
		 	William T. Franey
		 	Senior Vice President

 [SIGNATURES CONTINUED ON NEXT PAGE] 

 September 28, 2012 
  Page
 7
 
  

 
			
	JPMORGAN CHASE BANK, N.A., as a Lender
		
	By: 	 	/s/ Michelle Cipriani
	Name:	 	Michelle Cipriani
	Title:	 	Vice President

 [SIGNATURES CONTINUED ON NEXT PAGE] 

 September 28, 2012 
  Page
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	WELLS FARGO BANK, N.A., as a Lender
		
	By:	 	 /s/ Tony Sood

	Name:	 	 Tony Sood

	Title:	 	 Director

 [SIGNATURES CONTINUED ON NEXT PAGE] 

 September 28, 2012 
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	SUNTRUST BANK, as a Lender
		
	By:	 	 /s/ Peter Wesemeier

	Name:	 	 Peter Wesemeier

	Title:	 	 Vice President

 [SIGNATURES CONTINUED ON NEXT PAGE] 

 September 28, 2012 
  Page
 10
 
  

			
	RBS CITIZENS, N.A., as a Lender
		
	By:	 	 /s/ Paul Darrigo

	Name:	 	 Paul Darrigo

	Title:	 	 Senior Vice President

 [SIGNATURES CONTINUED ON NEXT PAGE] 

 September 28, 2012 
  Page
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	MORGAN STANLEY BANK, N.A., as a Lender
		
	By:	 	 /s/ Michael King

	Name:	 	Michael King
	Title:	 	Authorized Signatory

 [SIGNATURES CONTINUED ON NEXT PAGE] 

 September 28, 2012 
  Page
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	TD BANK, N.A., as a Lender
		
	By:	 	 /s/ Craig Welch

	Name:	 	Craig Welch
	Title:	 	SVP

 [SIGNATURES CONTINUED ON NEXT PAGE] 

 September 28, 2012 
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	SOVEREIGN BANK, N.A., as a Lender
		
	By:	 	 /s/ Daniel Vilarelle

	Name:	 	Daniel Vilarelle
	Title:	 	Vice President

 [SIGNATURES CONTINUED ON NEXT PAGE] 

 September 28, 2012 
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	THE NORTHERN TRUST COMPANY, as a Lender
		
	By:	 	/s/ Andrew D. Holtz
	Name:	 	Andrew D. Holtz
	Title:	 	Vice President

 [END OF SIGNATURES] 

 September 28, 2012 
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 SCHEDULE “A” 

 

					
	Via Overnight Courier	  	Via Overnight Courier
		
	Verisk Analytics, Inc.	  	Verisk Health Solutions, Inc.
	Insurance Services Office, Inc.	  	130 Turner Street, 7th Floor
	545 Washington Boulevard	  	Waltham, Massachusetts 02453
	Jersey City, New Jersey 07310	  	
	Attention:	  	Mr. Mark V. Anquillare	  	
		  	Executive Vice President and	  	
		  	Chief Financial Officer	  	
		
	Via Overnight Courier	  	Via Overnight Courier
		
	Verisk Analytics, Inc.	  	Verisk Health, Inc.
	Insurance Services Office, Inc.	  	99 Summer Street, Suite 520
	545 Washington Boulevard	  	Boston, Massachusetts 02110
	Jersey City, New Jersey 07310	  	
	Attention:	  	Kenneth E. Thompson, Esq.	  	
		  	Executive Vice President and	  	
		  	General Counsel	  	
		
	Via Overnight Courier	  	Via Overnight Courier
		
	Xactware Solutions, Inc.	  	ISO Claims Services, Inc.
	1426 East 750 North	  	250 Berryhill Road
	Orem, Utah 84097	  	Columbia, South Carolina 29210
		
	Via Overnight Courier	  	Via Overnight Courier
		
	ISO Services, Inc.	  	Interthinx, Inc.
	545 Washington Boulevard	  	30005 Ladyface Circle
	Jersey City, New Jersey 07310-1686	  	Agoura Hills, California 91301
		
	Via Overnight Courier	  	Via Electronic Communication
		
	ISO Claims Services, Inc.	  	Bank of America, N.A. (in its capacity as a Lender, the L/C Issuer, and the Swing
	250 Berryhill Road	  	Line Lender)
	Columbia, South Carolina 29210	  	JPMorgan Chase Bank, N.A.
		  	Wells Fargo Bank, N.A.
	Via Overnight Courier	  	SunTrust Bank
		  	RBS Citizens, N.A.
	Verisk Health, Inc.	  	Morgan Stanley Bank, N.A.
	99 Summer Street, Suite 520	  	TD Bank, N.A.
	Boston, Massachusetts 02110	  	Sovereign Bank, N.A.
		  	The Northern Trust Company

 September 28, 2012 
  Page
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 SCHEDULE 1 

COMMITMENTS AND APPLICABLE PERCENTAGES 
  

									
	 Lender
	  	Commitment	 	  	Applicable
Percentage	 
	 Bank of America, N.A.
	  	$	195,000,000.00	  	  	 	22.941176471	% 
	 JPMorgan Chase Bank, N.A.
	  	$	160,000,000.00	  	  	 	18.823529412	% 
	 Wells Fargo Bank, N.A.
	  	$	135,000,000.00	  	  	 	15.882352941	% 
	 SunTrust Bank
	  	$	95,000,000.00	  	  	 	11.176470588	% 
	 RBS Citizens, N.A.
	  	$	80,000,000.00	  	  	 	9.411764706	% 
	 Morgan Stanley Bank, N.A.
	  	$	65,000,000.00	  	  	 	7.647058823	% 
	 TD Bank, N.A.
	  	$	52,500,000.00	  	  	 	6.176470588	% 
	 Sovereign Bank, N.A.
	  	$	40,000,000.00	  	  	 	4.705882353	% 
	 The Northern Trust Company
	  	$	27,500,000.00	  	  	 	3.235294118	% 
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	$	850,000,000.00	  	  	 	100.000000000	% 

 September 28, 2012 
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 ANNEX A 

APPLICABLE RATE 
 “Applicable Rate” means, from time to time, the following percentages per annum, based upon the Consolidated Funded Debt Leverage Ratio as set forth in the most recent Compliance
Certificate received by the Administrative Agent pursuant to Section 6.02(b): 
 Applicable Rate

  

											
	 Pricing
 Level
	  	 Consolidated

Funded Debt Leverage
Ratio
	  	 Commitment

Fee
	  	 Eurodollar

Rate

Margin
	  	 Base

Rate

Margin
	  	 Letter of

Credit Fee

	 1
	  	< 1.75:1	  	17.5 bps	  	125.0 bps	  	25.0 bps	  	125.0 bps
	 2
	  	> 1.75 but < 2.25:1	  	22.5 bps	  	150.0 bps	  	50.0 bps	  	150.0 bps
	 3
	  	 > 2.25:1 but <
 3.50:1
	  	30.0 bps	  	187.5 bps	  	87.5 bps	  	187.5 bps

 Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated Funded Debt
Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(b); provided, however, that if a Compliance Certificate is not
delivered when due in accordance with such Section, then, upon the request of the Required Lenders, Pricing Level 2 shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and
shall remain in effect until the date on which such Compliance Certificate is delivered. The Applicable Rate in effect from the Closing Date through the date on which the Administrative Agent receives the Co-Borrowers’ Compliance Certificate
and related financial statements for its third fiscal quarter of the 2012 fiscal year shall be determined based upon Pricing Level 2. 
 For the purposes of calculating the Consolidated Funded Debt Leverage Ratio in connection with this definition only, and for no other purpose, to the extent that Verisk or any direct or indirect
Subsidiary of Verisk acquires a Person, the Administrative Agent shall include in its calculation of Consolidated EBITDA the pro forma effect of such acquisition as if such acquisition shall have occurred on the first date of the applicable test
period. 
 Notwithstanding anything to the contrary contained in this definition, the determination of the Applicable Rate for
any period shall be subject to the provisions of Section 2.10(b).Specimen common stock certificate of the Registrant

 Exhibit 4.1 
 

 
  
 Exhibit 4.1 
 Number C-— 

*—* Shares 
 Common Stock 
 CUSIP 05070L 107 

THIS CERTIFIES THAT *MR. SAMPLE & MRS. SAMPLE* is the record holder of *ZERO HUNDRED THOUSAND ZERO HUNDRED AND ZERO*
shares of Common Stock of 
 AUDEO ONCOLOGY, INC. 

a Delaware corporation 
 transferable only on the records of the corporation upon surrender of this certificate, properly endorsed or assigned. 

This certificate and the shares it represents are subject to the provisions of the Certificate of Incorporation and the
Bylaws of the corporation, and any amendments thereto, as well as the restrictive legends on the back of this certificate. Upon request, stockholders may obtain free of charge from the corporation’s principal office a statement describing the
preferences, limitations and relative rights granted to or imposed upon each class or series of shares or upon the holders of such shares. 
 The corporation has caused this certificate to be signed by its duly authorized officers as of 
 Secretary 
 President 

COUNTERSIGNED AND REGISTERED: 
 AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC 

(Brooklyn, NY) 
 TRANSFER AGENT AND REGISTRAR 
 BY 

AUTHORIZED SIGNATURE 

 

 
  
 Stockholders may obtain upon request and without charge, a statement of the rights, preferences, privileges and restrictions granted to or imposed upon each class or series of shares
authorized to be issued and upon the holders thereof from the principal office of the Corporation. 
 The
following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations: 

TEN COM - as tenants in common 
 TEN ENT - as tenants by the entireties 
 JT TEN -
as joint tenants with right of survivorship and not as tenants in common 
 UNIT GIFT MIN ACT Custodian

 (Cust) (Minor) 
 Under Uniform Gifts to Minors Act 
 (State)

 Additional abbreviations may also be used though not in the above list. 

For value received, hereby sell, assign and transfer unto 

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE 

PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING ZIP CODE OR ASSIGNEE 

Shares of the common stock 
 represented by the within certificate, and do hereby irrevocably constitute and appoint 
 stock on the books of the within named Corporation with full power of substitution in the premises. 
 Dated 
 NOTICE: 

THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE. IN EVERY
PARTICULAR WITHOUT ALTERNATION OR ENLARGEMENT OR ANY CHANGE WHATEVER 
 SIGNATURE(S) MEDALLION GUARANTEED:

 THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVING AND LOAN
ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM). PURSUANT TO S.E.C. RULE 17Ad-15.

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