FORM OF PREFERRED SECURITIES GUARANTEE] PREFERRED SECURITIES GUARANTEE AGREEMENT [Navigators Capital Trust I/II] Dated as of ,Preferred Securities Guarantee Agreement • July 17th, 2009 • Navigators Group Inc • Fire, marine & casualty insurance • New York
This GUARANTEE AGREEMENT (the “Preferred Securities Guarantee”), dated as of , , is executed and delivered by The Navigators Group, Inc., a Delaware corporation (the “Guarantor”), and The Bank of New York Mellon, a New York banking corporation, as trustee (the “Preferred Guarantee Trustee”), for the benefit of the Holders (as defined herein) from time to time of the Preferred Securities (as defined herein) of [Navigators Capital Trust I/II], a Delaware statutory trust (the “Issuer”).
