Document:

EXHIBIT 10.1 

CHANGE IN CONTROL AGREEMENT

 

THIS CHANGE IN CONTROL
AGREEMENT (the "Agreement") is made by MACATAWA BANK CORPORATION, a Michigan corporation (the "Corporation"),
and CRAIG A. HANKINSON ("Executive") as of February 1, 2017. Any reference to the Corporation shall jointly include the
Bank and any Affiliate, each as defined below.

WHEREAS, the Corporation
operates a wholly owned commercial banking subsidiary, Macatawa Bank (the "Bank"); reference to the "Corporation"
in this Agreement includes the Bank unless otherwise indicated by context), which is engaged in the general business of banking;
and

WHEREAS, the Board
of Directors of the Corporation believes that the future services of Executive will be of great value to the Corporation and Bank;
and

WHEREAS, the Board
of Directors of the Corporation has determined that it is in the best interests of the Corporation and its shareholders to secure
Executive's continued services and to ensure Executive's continued dedication and objectivity in the event of any threat or occurrence
of, or negotiation or other action that could lead to, or create the possibility of, a Change in Control of the Corporation, without
concern as to whether Executive might be hindered or distracted by personal uncertainties and risks created by any such possible
Change in Control, and to encourage Executive's full attention and dedication to the Corporation and the Bank, the Board of Directors
has authorized the Corporation to enter into this Agreement.

NOW, THEREFORE, the
parties agree as follows.

1.        Effective
Date and Term. This Agreement will take effect as of the date first written above. This Agreement shall remain in effect until
the end of the calendar year following that in which either party gives the other notice of intention to terminate this Agreement;
provided, however, that:

(a)        except
for termination as provided above pursuant to notice from Executive to the Corporation, this Agreement will not terminate during
an Active Change in Control Proposal Period, even if the Corporation has given Executive notice of intention to terminate this
Agreement;

(b)        except
for termination as provided above pursuant to notice from Executive to the Corporation, upon the occurrence of a Change in Control
the term of this Agreement shall automatically be extended until the second anniversary of the effective date of the Change in
Control, even if the Corporation has given Executive notice of intention to terminate this Agreement; and

(c)        termination
of this Agreement shall not affect the obligations of either party accrued before termination of this Agreement, Executive's obligations
under Section 5, 6 or 7, or the obligations of the parties under Section 12 or 14.

    	 		 

     

    

2.        Change
in Control Severance Payment. The Corporation will make the payments provided for in this Section 2 (the "Severance Pay")
if Executive's employment is terminated during the term of this Agreement in a manner that constitutes a "separation from
service" as that term is defined by Section 409A of the Internal Revenue Code (the "Code") due to: (A) Executive
terminating employment for Good Reason, or (B) the Corporation terminating Executive's employment for any reason other than death,
Permanent Disability or Cause, and, in the case of either (A) or (B), such termination of employment occurs either (i) within twenty-four
months after the date of a Change in Control or (ii) within six months before the date of a Change in Control.

(a)        Amount
and Payment of Cash Severance. The Corporation will make a cash payment (the "Cash Payment") to Executive in an amount
equal to the sum of (i) one and a half (1-1/2) times Executive's Average Compensation and (ii) Executive's target annual bonus,
if any, for the year in which employment terminates (with such calculations to be made as though the target level has been achieved
for each performance goal), prorated by multiplying Executive's target annual bonus by the number of days in the year completed
through the date of Executive's termination of employment divided by 365. The Cash Payment shall be paid to Executive in a single
lump sum within sixty days after termination of employment; provided, however, that if the sixty day period overlaps two calendar
years that the payment will be made in the later calendar year. If Executive dies after becoming entitled to the Cash Payment but
before it has been paid, the Cash Payment will be made to Executive's designated beneficiary (or Executive's estate if Executive
fails to designate a beneficiary).

(b)        Health
Coverage Payment. The Corporation will make a cash payment (the "Health Coverage Payment") to Executive equal to
18 times the Corporation's monthly pre-tax cost of contribution towards Executive's then current employee and dependent health,
prescription drug and dental coverage. If Executive is not enrolled in the Corporation's health, prescription drug and dental plans,
then the monthly amount will be equal to the Corporation's contribution towards family coverage for such plans determined at the
time employment terminates. Although the right to payment under this paragraph is based on the Corporation's health, prescription
drug and dental plan at the time employment terminates and is intended to fund payment for health coverage, the Health Coverage
Payment is not required to be used for health coverage and Executive may use the Health Coverage Payment for any purpose. The Health
Coverage Payment shall be paid to Executive in a single lump sum with the Cash Payment provided by Section 2(a).

(c)       Conditions
to Severance Pay. To be eligible for Severance Pay, Executive must meet the following conditions: (i) Executive must comply
with Executive's obligations under this Agreement that continue after termination of employment; and (ii) Executive must resign
upon written request by the Corporation from all positions with or representing the Corporation, including but not limited, to
membership on boards of directors; and (iii) Executive must enter into, and not revoke, an agreement in form reasonably acceptable
to the Corporation that releases the Corporation and any officer, director, agent, employee, shareholder, or other 

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representative
of the Corporation from any and all claims of Executive except for claims or rights relating to: (A) this Agreement; (B) unpaid
salary through the employment termination date; (C) unpaid expense reimbursements for authorized business expenses incurred before
the employment termination date; (D) any equity plans; (E) benefit plans (for example, to convert life insurance); (F) any rights
under the terms of any qualified retirement plan covering Executive; and (G) rights of indemnification under the Corporation's
Articles of Incorporation or Bylaws or any agreement to which the Corporation is a party. In addition, the release does not affect
Executive's right to cooperate in an investigation by the Equal Employment Opportunity Commission.

(d)       Reductions
to Severance Pay. Executive will receive the Severance Pay notwithstanding any other earnings that Executive may have and without
offset of any kind except that the Corporation has the right to deduct from the Severance Pay any income, payroll or other taxes
required to be deducted from such payments.

3.       Definitions.

(a)       Active
Change in Control Proposal Period. "Active Change in Control Proposal Period" means any period:

(i)        during
which the Board of Directors of the Corporation has authorized solicitation by the Corporation of offers or expressions of interest
for a transaction which, if consummated, would constitute a Change in Control; or

(ii)        during
which the Corporation has received a proposal for a transaction which, if consummated, would constitute a Change in Control, and
the Board of Directors has not determined to reject such proposal without any counter-offer or further discussions; or

(iii)        during
which any proxy solicitation or tender offer with regard to the securities of the Corporation is ongoing, if the intent of such
proxy solicitation or tender offer is to cause the Corporation to solicit offers for or enter into a transaction that would constitute
a Change in Control.

(b)       Affiliate.
"Affiliate" means any organization controlling, controlled by or under common control with the Corporation.

(c)       Average
Compensation; Allowed Bonus. "Average Compensation" means (i) the sum of Executive's annual base salary and Allowed
Bonus, if any, paid in each of the most recent three complete calendar years of Executive's employment by the Corporation divided
by (ii) three (or the lesser number of complete calendar years for which Executive has been employed by the Corporation). For the
purpose of computing Average Compensation, the "Allowed Bonus" shall mean, for each calendar year included in the average,
the sum of the amount of cash bonus paid in that year, if any, and the total grant date fair value of all restricted stock awards
granted during that year, if any, (calculated as the fair market value of each share of restricted stock on the date of the award
multiplied by the number of shares awarded); provided, however, that the 

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Allowed Bonus included for any calendar year may not exceed
75% of Executive's annual base salary for that year. Average Compensation shall not include any amount, other than base salary,
cash bonuses and restricted stock, included in Executive's taxable compensation for federal income tax purposes (for example, taxable
income for taxable fringe benefits, previously deferred compensation, restricted stock vesting or gain realized upon exercise of
stock options are not included).

(d)       Cause.
"Cause" means Executive's removal from office by order of a regulatory agency having jurisdiction over the Corporation,
or Executive's willful and repeated failure to perform Executive's duties of employment, which failure has not been cured within
thirty (30) days after the Corporation gives notice thereof to Executive; it being expressly understood that negligence or bad
judgment shall not constitute "Cause" so long as such act or omission was without intent of personal profit and was reasonably
believed by Executive to be in or not adverse to the best interests of the Corporation.

(e)       Change
in Control. "Change in Control" means any of the occurrences listed in (i) below, subject to (ii) and (iii) below.

(i)        A
Change in Control shall be deemed to have occurred if:

(A)       Any
person or group (as such terms are used in connection with Sections 13(d) and 14(d) of the Exchange Act) becomes the "beneficial
owner" (as defined in Rule 13(d)(3) and 13(d)(5) under the Exchange Act), directly or indirectly, of securities of the Corporation
representing more than 50% of the combined voting power of the Corporation's then outstanding securities;

(B)       A
merger, consolidation, sale of assets, reorganization, or proxy contest is consummated and, as a consequence of which, members
of the Corporation's Board of Directors in office immediately prior to such transaction or event constitute less than a majority
of the Board of Directors thereafter;

(C)       During
any period of 24 consecutive months, individuals who at the beginning of such period constitute the Board of Directors of the Corporation
(including for this purpose any new director whose election or nomination for election by the Corporation's shareholders was approved
by a vote of at least one-half of the directors then still in office who were directors at the beginning of such period) cease
for any reason to constitute at least a majority of the Board of Directors; or

(D)       A
merger, consolidation or reorganization is consummated with any other corporation pursuant to which the shareholders of the Corporation
immediately prior to the merger, consolidation or reorganization do not immediately thereafter directly or indirectly own more
than fifty percent (50%) of the combined voting power of the voting 

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securities entitled to vote in the election of directors of
the merged, consolidated or reorganized entity.

(ii)        Notwithstanding
the foregoing, no trust department or designated fiduciary or other trustee of such trust department of the Corporation or a subsidiary
of the Corporation, or other similar fiduciary capacity of the Corporation with direct voting control of the stock shall be treated
as a person or group within the meaning of subsection (i)(A) hereof. Further, no profit-sharing, employee stock ownership, employee
stock purchase and savings, employee pension, or other employee benefit plan of the Corporation or any of its subsidiaries, and
no trustee of any such plan in its capacity as such trustee, shall be treated as a person or group within the meaning of subsection
(i)(A) hereof.

(iii)        Notwithstanding
anything contained in this Agreement to the contrary, if Executive's employment is terminated prior to a Change in Control and
Executive reasonably demonstrates that such termination was at the request of or in response to a third party who has indicated
an intention or taken steps reasonably calculated to effect a Change in Control, and who subsequently effectuates a Change in Control,
then for all purposes of this Agreement, the date of a Change in Control shall mean the date immediately prior to the date of such
termination of Executive's employment.

(f)       Permanent
Disability. "Permanent Disability" is as defined and provided for in this paragraph. If Executive has been unable
by reason of physical or mental disability to properly perform Executive's duties hereunder for a period of one hundred eighty
(180) days, the Corporation may give Executive notice of its intention to terminate Executive's employment due to Permanent Disability.
If Executive wishes to contest the existence of termination due to Permanent Disability, Executive must give the Corporation notice
of Executive's disagreement within ten (10) days after receipt of the notice from the Corporation, and Executive must promptly
submit to examination by three physicians in Ottawa County or Kent County, Michigan, who are reasonably acceptable to both Executive
and the Corporation (with consultation from other physicians as determined by those three). If (A) within sixty (60) days after
receipt by Executive of the notice from the Corporation, two of such physicians shall issue their written statement to the effect
that in their opinion, based on their diagnosis, Executive is capable of resuming employment and devoting Executive's full time
and energy to discharging Executive's duties within sixty (60) days after the date of such statement, and (B) Executive does in
fact within such sixty (60) day period resume employment and properly perform Executive's duties, then Executive's employment shall
not be terminated due to Permanent Disability. It is understood that the Corporation has the right to terminate Executive's employment
due to Executive's disability without meeting the standards in this paragraph, but in that event the termination shall be deemed
to be a discretionary termination of Executive's employment.

(g)       Good
Reason. "Good Reason" means a material negative change to the employment relationship between Executive and the Corporation
because: (A) Executive 

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is removed from any of Executive's principal positions with the Corporation or the Bank, which includes
Executive no longer holding the position of Chief Operating Officer, an equivalent designation or an officer to whom the Chief
Operating Officer or equivalent reports; or (B) the authority, duties or responsibilities of Executive's principal positions is
materially diminished; or (C) Executive's base compensation is materially reduced, or (D) the authority, duties or responsibilities
of the supervisor to whom Executive is required to report is materially diminished, which includes a requirement that Executive
report to anyone other than the Chief Executive Officer or directly to the Corporation's or Bank's Board of Directors; or (E) any
requirement of the Corporation that Executive be based anywhere other than in Ottawa County or Kent County, Michigan, or any substantial
increase in the business travel required of Executive; or (F) any material breach by the Corporation or any successor of its obligations
to Executive under this Agreement.

Executive
may not terminate employment for "Good Reason" unless:

(i)       Executive
notifies the Board in writing, within 90 days after Executive becomes aware of the act or omission constituting Good Reason that
the act or omission in question constitutes Good Reason and explaining why Executive considers it to constitute Good Reason;

(ii)       the
Corporation fails, within 30 days after notice from Executive under (i) above, to revoke the action or correct the omission and
make Executive whole; and

(iii)       Executive
gives notice of termination within 90 days after expiration of the 30-day period under (ii) above.

4.       Parachute
Cap. Notwithstanding anything in this Agreement to the contrary, any payment, benefit, or amount payable or benefit to be provided
to Executive pursuant to this Agreement that is a "Parachute Payment" as defined in Section 280G(b)(2) of the Code, will
be reduced to the extent necessary so that the benefits payable or to be provided to Executive under this Agreement that are treated
as Parachute Payments as well as any payments or benefits provided outside of this Agreement that are so treated will not cause
the Corporation to have paid an "Excess Parachute Payment" as defined in Section 280G(b)(1) of the Code. If it is established
that an "Excess Parachute Payment" has occurred or will occur under this Agreement or otherwise, the Corporation will
reduce the amount of any remaining Parachute Payments to be made to ensure that the total payments to Executive do not exceed 2.99
times Executive's "base amount" as defined in Section 280G(b)(3) of the Code.

5.       Confidentiality,
Return of Property. Executive has obtained and may obtain confidential information concerning the business, operations, financial
affairs, organizational and personnel matters, policies, procedures and other non-public matters of the Corporation, and those
of third-parties related to their transaction of business with the Corporation, which information is not generally disclosed to
persons not employed by the Corporation. Such information (referred to herein as the "Confidential Information") may
have been or may be provided in written form or orally. Executive shall not disclose to any other person the 

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Confidential Information
at any time during or after termination of employment, except that during employment Executive may use and disclose Confidential
Information as reasonably required by Executive's employment. Upon termination of employment, Executive will deliver to the Corporation
any and all property owned or leased by the Corporation and any and all Confidential Information (in whatever form) including without
limitation all customer lists and information, financial information, business notes, business plans, documents, keys, credit cards,
computers and other Corporation-provided equipment. Executive's commitments in this Section will continue in effect after termination
of employment and after termination of this Agreement. The parties agree that any breach of Executive's covenants in this Section
would cause the Corporation irreparable harm, and that injunctive relief would be appropriate.

6.       Inventions,
Discoveries and Improvements. Executive hereby agrees to assign and transfer to the Corporation, its successors and assigns,
Executive's entire right, title and interest in and to any and all inventions, discoveries, trade secrets and improvements thereto
which Executive may discover to develop, either solely or jointly with others, during Executive's employment and for a period of
one year after termination of such employment, which would relate in any way to the business of the Corporation, together with
all rights to letters patent, copyrights or trademarks which may be granted with respect thereto. Immediately upon making or developing
any invention, discovery, trade secret or improvement thereto, Executive shall notify the Corporation thereof and shall execute
and deliver to the Corporation, without further compensation, such documents as may be necessary to assign and transfer to the
Corporation Executive's entire right, title and interest in and to such invention, discovery, trade secret or improvement thereto,
and to prepare or prosecute applications for letters patent with respect to the same in the name of the Corporation. Executive's
obligations under this Section 6 shall continue in effect, as to inventions, discoveries and improvements covered by this Section
6, notwithstanding any termination of employment or this Agreement.

7.        Noncompetition
and Nonsolicitation.

(a)       In
view of Executive's importance to the success of the Corporation, Executive and the Corporation agree that the Corporation would
likely suffer significant harm from Executive's competing with the Corporation during employment and for some period of time thereafter.
Accordingly, Executive agrees that Executive shall not engage in competitive activities (except in Marginal Business Areas, as
defined in Section 7(e)) either: (A) while employed by the Corporation; or (B) if Executive's employment is terminated during the
term of this Agreement, during the Restricted Period (as defined below). Executive shall be deemed to engage in competitive activities
if Executive shall, without the prior written consent of the Corporation, (i) in Ottawa County, Kent County, or Allegan County,
Michigan, or in any county contiguous thereto (including the municipalities therein), render services directly or indirectly, as
an employee, officer, director, consultant, advisor, partner or otherwise, for any organization or enterprise which competes directly
or indirectly with the business of the Corporation in providing financial products or services (including, without limitation,
banking, insurance, trust or investment products or services) to consumers and businesses, or (ii) directly or indirectly acquires
any financial or beneficial interest in (except as provided in the next sentence) any organization which conducts or is otherwise
engaged in a business or enterprise in 

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Ottawa County, Kent County, or Allegan County, Michigan, or any of the counties contiguous
thereto (including all municipalities) which competes directly or indirectly with the business of the Corporation in providing
financial products or services (including, without limitation, banking, insurance, trust or investment products or services) to
consumers and businesses. Notwithstanding the preceding sentence, Executive shall not be prohibited from owning less than one percent
(1%) of any class of publicly traded securities.

(b)        While
employed by the Corporation and during the Restricted Period, Executive agrees that Executive shall not, in any manner directly
(i) solicit by mail, by telephone, by personal meeting, or by any other means, any customer or prospective customer of the Corporation
to whom Executive provided services, or for whom Executive transacted business, or whose identity become known to Executive in
connection with Executive's services to the Corporation (including employment with or services to any predecessor or successor
entities), to transact business with a person or an entity other than the Corporation or reduce or refrain from doing any business
with the Corporation or (ii) interfere with or damage (or attempt to interfere with or damage) any relationship between the Corporation
and any such customer or prospective customer. The term "solicit" as used in this Section 7 means any communication of
any kind whatsoever, inviting, encouraging or requesting any person to take or refrain from taking any action with respect to the
business of the Corporation.

(c)        While
employed by the Corporation and during the Restricted Period, Executive agrees that Executive shall not, in any manner directly
solicit any person who is an employee of the Corporation to apply for or accept employment with any other person or entity.

(d)       For
purposes of this Section 7, the term "Restricted Period" shall equal eighteen months following the date of termination
of Executive's employment during the term of this Agreement. If Executive is in breach of Section 7, then the Restricted Period
will be extended for a period equal to the duration of Executive's breach.

(e)       The
parties agree that nothing herein shall be construed to limit or negate that common law of torts or trade secrets where it provides
broader protection than that provided herein.

(f)        Activities
by Executive that would otherwise violate Section 7(a) will not be considered a violation of this Agreement if such activities
are conducted only with regard to a "Marginal Business Area", defined as a line of business (other than banking) engaged
in by the Corporation but which represents less than 5% of the consolidated non-interest income of the Corporation.

(g)        If
Executive's employment is terminated during the term of this Agreement, Executive's obligations under this Section shall survive
termination of this Agreement.

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8.        Successors;
Binding Agreement.

(a)       This
Agreement shall not be terminated by any merger or consolidation of the Corporation whereby the Corporation is or is not the surviving
or resulting corporation or as a result of any transfer of all or substantially all of the assets of the Corporation. In the event
of any such merger, consolidation, or transfer of assets, the provisions of this Agreement shall be binding upon and inure to the
benefit of and be enforceable by the surviving or resulting corporation or the person or entity to which such assets are transferred.

(b)       The
Corporation agrees that concurrently with any merger, consolidation or transfer of assets constituting a Change in Control, it
will cause any successor or transferee unconditionally to assume, by written instrument delivered to Executive (or Executive's
beneficiary or estate), all of the obligations of the Corporation hereunder. Failure of the Corporation to obtain such assumption
prior to the effective date of any Change in Control shall be a material breach of the Corporation's obligations to Executive under
this Agreement that constitutes Good Reason.

(c)       This
Agreement shall inure to the benefit of and be enforceable by Executive's personal or legal representatives, executors, administrators,
successors, heirs, distributees, devisees and legatees. If Executive shall die while any amounts would be payable to Executive
hereunder had Executive continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with
the terms of this Agreement to such person or persons appointed in writing by Executive to receive such amounts or, if no person
is so appointed, to Executive's estate.

9.       Notice.
For purposes of this Agreement, all notices and other communications required or permitted hereunder shall be in writing and
shall be deemed to have been duly given when delivered or received by electronic mail, facsimile transmission or five (5) days
after deposit in the United States mail, certified and return receipt requested, postage prepaid, addressed as follows:

	If to the Corporation:	
        Macatawa Bank Corporation

        10753 Macatawa Drive

        Holland, MI 49424

        Attn: Chairman of the Board

	 	 
	If to Executive:	
        Craig A. Hankinson

        2222 Ridgewood Ave. S.E.

        Grand Rapids, MI 49546

        craig.hankinson@sbcglobal.net

        616-954-9371

 

Either party may change its address for notices
by notice to the other party.

 

10.       Amendment
and Waiver. No provisions of this Agreement may be amended, modified, waived or discharged unless the waiver, modification,
or discharge is authorized by the 

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Corporation's Board of Directors,
or a committee of the Board of Directors, and is agreed to in a writing signed by Executive and by the Chairman of the Board
of Directors of the Corporation. No waiver by either party at any time of any breach or non-performance of this Agreement by
the other party shall be deemed a waiver of any prior or subsequent breach or non-performance.

11.        Severability.
The invalidity or unenforceability of any provision of this Agreement will not affect the validity or enforceability of any
other provision of this Agreement, which will remain in full force and effect. If a court of competent jurisdiction ever determines
that any provision of this Agreement (including, but not limited to, all or any part of the non-competition covenant in this Agreement)
is unenforceable as written, the parties intend that the provision shall be deemed narrowed or revised in that jurisdiction (as
to geographic scope, duration, or any other matter) to the extent necessary to allow enforcement of the provision. The revision
shall thereafter govern in that jurisdiction, subject only to any allowable appeals of that court decision.

12.       Arbitration.
The Corporation and Executive agree that the sole and exclusive method for resolving any dispute between them arising out of
or relating to this Agreement shall be arbitration under the procedures set forth in this Section; provided, however, that nothing
in this Section prohibits a party from seeking preliminary or permanent judicial injunctive relief, or from seeking judicial enforcement
of the arbitration award. The arbitrator shall be selected pursuant to the Rules for Commercial Arbitration of the American Arbitration
Association. The arbitrator shall hold a hearing at which both parties may appear, with or without counsel, and present evidence
and argument. Pre-hearing discovery shall be allowed in the discretion of and to the extent deemed appropriate by the arbitrator,
and the arbitrator shall have subpoena power. The procedural rules for an arbitration hearing under this Section shall be the rules
of the American Arbitration Association for Commercial Arbitration hearings and any rules as the arbitrator may determine. The
hearing shall be completed within ninety (90) days after the arbitrator has been selected and the arbitrator shall issue a written
decision within sixty (60) days after the close of the hearing. The hearing shall be held in Grand Rapids, Michigan. The award
of the arbitrator shall be final and binding and may be enforced by and certified as a judgment of the Circuit Court for Kent County,
Michigan or any other court of competent jurisdiction. One-half of the fees and expenses of the arbitrator shall be paid by the
Corporation and one-half by Executive, except that the fees and expenses of the Arbitrator incurred by Executive shall be reimbursed
in full by the Corporation with respect to any arbitration initiated after the date of a Change in Control. The attorney fees and
expenses incurred by the parties shall be paid by each party, except that the Corporation shall reimburse Executive's reasonable
attorney fees incurred with regard to any arbitration proceeding initiated after a Change in Control unless the arbitrator finds
that Executive's claims or defenses in such proceeding lack merit and were asserted in bad faith. Any such reimbursement will be
made within thirty (30) days after Executive submits documentation of such expenses, provided that no payment will be made after
the last day of the calendar year following the calendar year in which the expense was incurred. To the extent that (i) the reimbursement
of attorney fees, together with any other payments under this Agreement, constitute separation pay under Code Section 409A and
the regulations thereunder; (ii) a portion of such separation pay exceeds the amount that would be exempt from consideration as
a deferral of compensation under Treas. Reg. § 1.409A-1(b)(9)(iii) (the "Excess Separation Payment"); and (iii)
the Excess Separation Payment is not otherwise exempt from treatment as a deferral of 

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compensation under Treas. Reg. § 1.409A-1(b),
then such amounts shall be reduced to the extent necessary so that Executive does not receive an Excess Separation Payment.

13.        Entire
Agreement. No agreements or representations, oral or otherwise, express or implied, with respect to Executive's employment
with the Corporation or any of the subjects covered by this Agreement have been made by either party that are not set forth expressly
in this Agreement, and this Agreement supersedes any other agreements on the subjects covered by this Agreement; provided, however,
except as expressly modified hereby, this Agreement shall not affect Executive's rights under retirement and health and welfare
plans in which Executive participates which are maintained by the Corporation. This Agreement does not provide Executive any right
to continued employment with the Corporation and does not in any way affect the right of the Corporation to terminate Executive's
employment at any time with or without Cause.

14.        Governing
Law. The validity, interpretation, and construction of this Agreement are to be governed by Michigan laws, without regard to
choice of law rules. The parties agree that any judicial action involving a dispute arising under this Agreement will be filed,
heard and decided in the Kent County Circuit Court. The parties agree that they will subject themselves to the personal jurisdiction
and venue of either court, regardless of where Executive or the Corporation may be located at the time any action may be commenced.
The parties agree that the locations specified above are mutually convenient forums and that each of the parties conducts business
in Kent County.

15.        Counterparts.
This Agreement may be signed in original or by fax in counterparts, each of which shall be deemed an original, and together
the counterparts shall constitute one complete document.

16.       Section
409A. This Agreement is intended to be exempt from Section 409A of the Internal Revenue Code partially as providing for short-term
deferrals under Treasury Regulation § 1.409A-(b)(4) and partially as an involuntary separation pay plan under Treasury Regulation
§ 1.409A-1(b)(9), and shall be interpreted and operated consistently with those intentions. To the extent Section 409A is
found to be applicable to this Agreement, this Agreement is to be interpreted to comply with Section 409A and shall be interpreted
and operated consistently with those intentions, including but not limited to, any applicable six-month delay in payment if Executive
is a specified employee of the Corporation.

 

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The parties made this Agreement effective
as of the date first written above.

	MACATAWA BANK CORPORATION	 	 
	 	 	 
	 	 	 
	By	/s/ Richard L. Postma	 	/s/ Craig A. Hankinson
	 	
        Richard L. Postma

        Chairman of the Board of Directors
	 	CRAIG A. HANKINSON
	 	 	 	 
	 	"Corporation"	 	"Executive"

 

 

 

 

 

    	 	-12-EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

LogMeIn, Inc. 
 320
Summer Street 
 Boston, Massachusetts 02210 

January 31, 2017 
 Elliott Associates, L.P. 

Elliott International, L.P. 
 Elliott International Capital
Advisors Inc. 
 40 West 57th Street 
 New York, NY 10019 

Gentlemen: 
 This letter (this
“Agreement”) constitutes the agreement between LogMeIn, Inc., a Delaware corporation (the “Company”), Elliott Associates, L.P., a Delaware limited partnership (“Elliott
Associates”), Elliott International, L.P., a Cayman Islands limited partnership (“Elliott International”), and Elliott International Capital Advisors Inc., a Delaware corporation (together with Elliott Associates
and Elliott International, the “Investors”), with respect to the matters set forth below. Capitalized terms used herein and not otherwise defined have the meanings ascribed to them in paragraph 8 below. 

1. Effective upon the closing of the transactions contemplated by the Agreement and Plan of Merger (the “Merger
Agreement”), by and among Citrix Systems, Inc., a Delaware corporation (“Carbon”), GetGo, Inc., a Delaware corporation and wholly owned subsidiary of Carbon (“SpinCo”), the Company, and
Lithium Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of the Company (“Merger Sub”), dated July 26, 2016, Jesse Cohn shall be appointed as one of the members of the Board of Directors of the Company (the
“Board”) designated by Carbon pursuant to Section 2.07 of the Merger Agreement (the “Investor Designee”). The Investor Designee shall be appointed as a Class III Director with a term expiring
at the Company’s 2018 Annual Meeting of Stockholders. 
 2. In connection with the Company’s 2017 Annual Meeting of
Stockholders (and any adjournments or postponements thereof) (the “2017 Annual Meeting”), so long as the Investor Designee has been nominated by the Board for re-election as a director
or continues to serve as a director in a class whose term will not expire at such meeting, and at each subsequent Annual Meeting of Stockholders of the Company (and any adjournments or postponements thereof) at which the Investor Designee has been
nominated by the Board for re-election as a director or continues to serve as a director in a class whose term will not expire at such meeting, the Investors will cause to be present for quorum purposes and
vote or cause to be voted all Company common stock beneficially owned by them or their controlling or controlled Affiliates and which they or such controlling or controlled Affiliates are entitled to vote on the record date for the 2017 Annual
Meeting or such subsequent Annual Meeting of Stockholders in favor of (A) the election of directors nominated by the Board and (B) otherwise in accordance with the Board’s recommendation on any
non-Extraordinary Transaction related proposals; provided, that, notwithstanding anything to the contrary, the obligations of the Investor in this paragraph 2 shall terminate automatically if the Investor
Designee does not accept such nomination by the Board for re-election as a director, the Investor Designee resigns from the Board or a Company Event (as defined below) occurs. 

 3. The parties hereto acknowledge that the Investor Designee, upon election to the Board,
will serve as a member of the Board and will be governed by the same protections and obligations regarding confidentiality, conflicts of interest, related party transactions, fiduciary duties, codes of conduct, trading and disclosure policies,
director resignation policy, and other governance guidelines and policies of the Company (including, but not limited to, the policies with respect to management being responsible for managing communications with external constituencies) as other
directors (collectively, “Company Policies”), and shall be required to preserve the confidentiality of Company business and information, including discussions or matters considered in meetings of the Board or Board
committees, and shall have the same rights and benefits, including with respect to insurance, indemnification, compensation and fees, as are applicable to all independent directors of the Company. The Company represents and warrants that:
(i) all Company Policies currently in effect are publicly available on the Company’s website or described in its proxy statement filed with the Securities and Exchange Commission (the “SEC”) on April 8, 2016 or
have otherwise been provided to the Investors, and such Company Policies will not be amended prior to the appointment of the Investor Designee and (ii) during the Restricted Period, any changes to the Company Policies, or new Company Policies,
will be adopted in good faith and not for the purpose of undermining or conflicting with the arrangements contemplated hereby. 

4. The Company will take all action necessary to appoint the Investor Designee as a member of the Operating Committee (as defined in the
Merger Agreement) upon the formation of such committee in accordance with the terms of the Merger Agreement. 
 5. From the date of
this Agreement until the Expiration Date or until such earlier time as the restrictions in this paragraph 5 terminate as provided herein (such period, the “Restricted Period”), the Investors will not, and will cause their
respective Affiliates and their respective principals, directors, general partners, officers, employees, and agents and representatives acting on their behalf (collectively, the “Restricted Persons”) not to, directly or
indirectly, absent prior express written invitation or authorization by the Board: 
 (a) engage in any “solicitation” (as
such term is used in the proxy rules of the SEC) of proxies or consents with respect to the election or removal of directors or any other matter or proposal or become a “participant” (as such term is used in the proxy rules of the SEC) in
any such solicitation of proxies or consents; 
 (b) knowingly encourage or advise any other Person or knowingly assist any Person in
so encouraging or advising any Person with respect to the giving or withholding of any proxy, consent or other authority to vote or in conducting any type of referendum (other than such encouragement or advice that is consistent with Company
management’s recommendation in connection with such matter); 
 (c) form, join or act in concert with any “group” as
defined pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), with respect to any Voting Securities, other than solely with other Affiliates of the Investors with respect to Voting
Securities now or hereafter owned by them; 

  
 2 

 (d) acquire, or offer, seek or agree to acquire, by purchase or otherwise, or direct any
third party in the acquisition of, any Voting Securities or assets of the Company, or rights or options to acquire any Voting Securities or assets of the Company, or engage in any swap or hedging transactions or other derivative agreements of any
nature with respect to Voting Securities, in each case if such acquisition or transaction would result in the Investors having beneficial ownership (voting power or economic exposure) of more than 9.9% of the Company’s outstanding common stock;

 (e) sell, offer or agree to sell, all or substantially all, directly or indirectly, through swap or hedging transactions or
otherwise, voting rights decoupled from the underlying common stock of the Company held by the Investors to any Third Party; 

(f) make or in any way participate, directly or indirectly, in any tender offer, exchange offer, merger, consolidation, acquisition,
business combination, recapitalization, restructuring, liquidation, dissolution or extraordinary transaction involving the Company or any of its subsidiaries or its or their securities or assets (each, an “Extraordinary
Transaction”) (it being understood that the foregoing shall not restrict the Investors from tendering shares, receiving payment for shares or otherwise participating in any such transaction on the same basis as other stockholders of the
Company, or from participating in any such transaction that has been approved by the Board); or make, directly or indirectly, any proposal, either alone or in concert with others, to the Company or the Board that would reasonably be expected to
require a public announcement regarding any of the types of matters set forth above in this paragraph; 
 (g) enter into a voting
trust, arrangement or agreement or subject any Voting Securities to any voting trust, arrangement or agreement, in each case other than solely with other Affiliates of the Investors, with respect to Voting Securities now or hereafter owned by them
and other than granting proxies in solicitations approved by the Board; 
 (h) (i) seek, alone or in concert with others, election or
appointment to, or representation on, the Board or nominate or propose the nomination of, or recommend the nomination of, any candidate to the Board, except as set forth herein, (ii) seek, alone or in concert with others, the removal of any
member of the Board or (iii) conduct a referendum of stockholders; 
 (i) make or be the proponent of any stockholder proposal
(pursuant to Rule 14a-8 under the Exchange Act or otherwise); 
 (j) make any request for stock
list materials or other books and records of the Company under Section 220 of the Delaware General Corporation Law or other statutory or regulatory provisions providing for shareholder access to books and records; 

(k) except as set forth herein, make any public proposal with respect to (i) any change in the number or term of directors or the
filling of any vacancies on the Board, (ii) any material change in the capitalization or dividend policy of the Company, (iii) any other material change in the Company’s management, business or corporate structure, (iv) any
waiver, 

  
 3 

 
amendment or modification to the Company’s Certificate of Incorporation or Bylaws, or other actions which may impede the acquisition of control of the Company by any person, (v) causing
a class of securities of the Company to be delisted from, or to cease to be authorized to be quoted on, any securities exchange or (vi) causing a class of equity securities of the Company to become eligible for termination of registration
pursuant to Section 12(g)(4) of the Exchange Act; 
 (l) institute, solicit, assist or join any litigation, arbitration or other
proceeding against or involving the Company or any of its current or former directors or officers (including derivative actions) in order to effect or take any of the actions expressly prohibited by this paragraph 5; provided, however, that for the
avoidance of doubt the foregoing shall not prevent any Restricted Person from (A) bringing litigation to enforce the provisions of this Agreement, (B) making counterclaims with respect to any proceeding initiated by, or on behalf of, the
Company against a Restricted Person, (C) bringing bona fide commercial disputes that do not relate to the subject matter of this Agreement or the topics covered in the correspondence between the Company and the Restricted Persons prior to the
date hereof, or (D) exercising statutory appraisal rights; provided, further, that the foregoing shall also not prevent the Restricted Persons from responding to or complying with a validly issued legal process; 

(m) enter into any negotiations, agreements or understandings with any Third Party to take any action that the Investors are prohibited
from taking pursuant to this paragraph 5; or 
 (n) make any request or submit any proposal to amend or waive the terms of this
Agreement, in each case which would reasonably be expected to result in a public announcement of such request or proposal; 
 provided, that the
restrictions in this paragraph 5 shall terminate automatically upon the earliest of (i) as a non-exclusive remedy for any such breach, upon five (5) business days’ prior written notice by the
Investors following a material breach of this Agreement by the Company (including, without limitation, a failure to appoint the Investor Designee to the Board in accordance with paragraph 1 or to the Operating Committee in accordance with paragraph
4) if such breach has not been cured within such notice period, provided that the Investors are not in material breach of this Agreement at the time such notice is given, (ii) the announcement by the Company of a definitive agreement with
respect to any Extraordinary Transaction that would result in the acquisition by any person or group of more than 50% of the Voting Securities, (iii) the commencement of any tender or exchange offer (by a person other than the Investors or
their Affiliates) which, if consummated, would constitute an Extraordinary Transaction that would result in the acquisition by any person or group of more than 50% of the Voting Securities, where the Company files a Schedule 14D-9 (or any amendment thereto), other than a “stop, look and listen” communication by the Company pursuant to Rule 14d-9(f) promulgated under the Exchange Act,
that does not recommend that the Company’s stockholders reject such tender or exchange offer, (iv) such time as the Company issues a preliminary proxy statement, definitive proxy statement or other proxy materials in connection with the
2017 Annual Meeting that are inconsistent with the terms of this Agreement or (v) the adoption by the Board of any amendment to the Certificate of Incorporation or Bylaws of the Company that would reasonably be expected to substantially impair
the ability of a stockholder to submit nominations for election to the Board or stockholder proposals in connection with any future Company Annual Meeting 

  
 4 

 
of Stockholders (any of events described in clauses (i) through (v), a “Company Event”). Notwithstanding anything to the contrary in this Agreement, nothing in this
paragraph 5 shall prohibit or restrict the Investor Designee from exercising his rights and fiduciary duties as a director of the Company or restrict his discussions solely among other members of the Board and/or management, advisors,
representatives or agents of the Company. 
 6. During the Restricted Period, the Company, the Investors and the Investor Designee
shall each refrain from making, and shall cause their respective Affiliates and its and their respective principals, directors, members, general partners, officers and employees not to make or cause to be made any statement or announcement including
in any document or report filed with or furnished to the SEC or through the press, media, analysts or other persons, that constitutes an ad hominem attack on, or otherwise disparages, defames, slanders, impugns or is reasonably likely to damage the
reputation of, (a) in the case of statements or announcements by any of the Investors: the Company or any of its Affiliates, subsidiaries or advisors, or any of its or their respective current or former officers, directors or employees
(including, without limitation, any statements or announcements regarding the Company’s strategy, operations, performance, products or services), and (b) in the case of statements or announcements by the Company: the Investors and the
Investors’ advisors, their respective employees or any person who has served as an employee of the Investors and the Investors’ advisors. The foregoing shall not restrict the ability of any person to comply with any subpoena or other legal
process or respond to a request for information from any governmental authority with jurisdiction over the party from whom information is sought. 

7. The Company hereby agrees that the Investor Designee may provide confidential information of the Company to the Investors and their
Affiliates subject to, and solely in accordance with the terms of, a confidentiality agreement in the form attached hereto as Exhibit A (which the Investors agree to execute and deliver to the Company simultaneously with the Investors’
execution and delivery of this Agreement). The Investors and the Investor Designee hereby acknowledge that they and their Affiliates are aware that United States securities laws may restrict any person who has material, non-public information about a company from purchasing or selling any securities of such company while in possession of such information. Accordingly, the Investors shall, and shall cause their Affiliates to,
purchase and sell securities of the Company only in compliance with the Company’s insider trading policy, a copy of which has been provided to the Investors. 

8. As used in this Agreement, the term (a) “Affiliate” shall have the meaning set forth in Rule 12b-2 promulgated under the Exchange Act and shall include Persons who become Affiliates of any Person subsequent to the date of this Agreement; provided that “Affiliate” shall not include any person that
is a publicly held concern and is otherwise an Affiliate solely by reason of the fact that an employee or principal of the Investor serves as a member of the board of directors or similar governing body of such concern; (b) “beneficially
own”, “beneficially owned” and “beneficial ownership” shall have the meaning set forth in Rules 13d-3 and
13d-5(b)(l) promulgated under the Exchange Act and shall include any other economic exposure to Company common stock, including through any swap or other derivative transaction, that gives a Person the
economic equivalent of ownership of Company common stock, including, without limitation, the notional number of shares subject to derivative agreements in the form of cash-settled swaps; (c) “business day” shall mean any day
other than a Saturday, Sunday or a day on 

  
 5 

 
which the Federal Reserve Bank of New York is closed; (d) “Expiration Date” means the first anniversary of the date of this Agreement; provided that, if the Investor
Designee remains a director of the Company as of such anniversary date, then the Expiration Date shall be automatically extended until the earlier of (i) the date that the Board fails to re-nominate the
Investor Designee as a director of the Company in connection with an Annual Meeting of Stockholders at which the Investor Designee’s term of office expires or (ii) the date that the Investor Designee resigns as a director of the Company
(for the avoidance of doubt, it is understood and agreed that the Board shall have no obligation to re-nominate the Investor Designee as a director of the Company following the 2018 Annual Meeting); (e)
“Person” shall be interpreted broadly to include, among others, any individual, general or limited partnership, corporation, limited liability or unlimited liability company, joint venture, estate, trust, group, association
or other entity of any kind or structure; (f) “Third Party” means any Person that is not a party to this Agreement or an Affiliate thereof, a member of the Board, a director or officer of the Company, or legal counsel to any
party to this Agreement; and (g) “Voting Securities” shall mean the shares of common stock of the Company and any other securities of the Company entitled to vote in the election of directors, or securities convertible into,
or exercisable or exchangeable for, such shares or other securities, whether or not subject to the passage of time or other contingencies. 

9. Each of the Investors, severally and not jointly, represents and warrants that (a) this Agreement has been duly authorized,
executed and delivered by it and is a valid and binding obligation of such Investor, enforceable against it in accordance with its terms; (b) neither it nor any of its Affiliates has or will during the Restricted Period have, any agreement,
arrangement or understanding, written or oral, with any member of the Board (other than the Investor Designee) pursuant to which such individual has been or will be compensated for his or her service as a director on, or nominee for election to, the
Board; and (c) as of the date of this Agreement, (i) the Investors, together with all of their respective Affiliates, as of the Closing of the Merger (as defined in the Merger Agreement) will collectively beneficially own, an aggregate of
1,552,878 shares of Voting Securities and (ii) except as previously disclosed in writing to the Company prior to the execution of this Agreement, none of the Investors nor any of their respective Affiliates, is a party to any swap or hedging
transactions or other derivative agreements of any nature with respect to the Voting Securities. 
 10. The Company represents and
warrants that (a) this Agreement has been duly authorized, executed and delivered by it and is a valid and binding obligation of the Company, enforceable against the Company in accordance with its terms; (b) the execution and delivery of
this Agreement does not require the approval of the stockholders of the Company; and (c) the execution and delivery of this Agreement does not and will not violate any law, any order of any court or other agency of government, the
Company’s Certificate of Incorporation or Bylaws, each as amended from time to time, or any provision of any agreement or other instrument to which the Company or any of its properties or assets is bound, or conflict with, result in a breach of
or constitute (with due notice or lapse of time or both) a default under any such agreement or other instrument, or result in the creation or imposition of, or give rise to, any material lien, charge, restriction, claim, encumbrance or adverse
penalty of any nature whatsoever pursuant to any such indenture, agreement or other instrument. 

  
 6 

 11. The Company and each of the Investors each acknowledge and agree that money damages
would not be a sufficient remedy for any breach (or threatened breach) of this Agreement by it and that, in the event of any breach or threatened breach hereof, (a) the non-breaching party will be
entitled to seek injunctive and other equitable relief, without proof of actual damages; (b) the breaching party will not plead in defense thereto that there would be an adequate remedy at law; and (c) the breaching party agrees to waive
any applicable right or requirement that a bond be posted by the non-breaching party. Such remedies will not be the exclusive remedies for a breach of this Agreement, but will be in addition to all other
remedies available at law or in equity. 
 12. This Agreement (including its exhibits) constitutes the only agreement between the
Investors and the Company with respect to the subject matter hereof and supersedes all prior agreements, understandings, negotiations and discussions, whether oral or written. This Agreement shall be binding upon and inure to the benefit of the
parties and their respective successors and permitted assigns. No party may assign or otherwise transfer either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other party. Any
purported transfer requiring consent without such consent shall be void. No amendment, modification, supplement or waiver of any provision of this Agreement shall be effective unless it is in writing and signed by the party affected thereby, and
then only in the specific instance and for the specific purpose stated therein. Any waiver by any party of a breach of any provision of this Agreement shall not operate as or be construed to be a waiver of any other breach of such provision or of
any breach of any other provision of this Agreement. The failure of a party to insist upon strict adherence to any term of this Agreement on one or more occasions shall not be considered a waiver or deprive that party of the right thereafter to
insist upon strict adherence to that term or any other term of this Agreement. 
 13. If any provision of this Agreement is held
invalid or unenforceable by any court of competent jurisdiction, the other provisions of this Agreement shall remain in full force and effect. Any provision of this Agreement held invalid or unenforceable only in part or degree shall remain in full
force and effect to the extent not held invalid or unenforceable. The parties further agree to replace such invalid or unenforceable provision of this Agreement with a valid and enforceable provision that will achieve, to the extent possible, the
purposes of such invalid or unenforceable provision. 
 14. This Agreement shall be governed by and construed in accordance with the
laws of the State of Delaware. Each of the Investors and the Company (a) irrevocably and unconditionally consents to the personal jurisdiction and venue of the federal or state courts located in Wilmington, Delaware; (b) agrees that it
shall not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any such court; (c) agrees that it shall not bring any action relating to this Agreement or otherwise in any court other than such courts;
and (d) waives any claim of improper venue or any claim that those courts are an inconvenient forum. The parties agree that mailing of process or other papers in connection with any such action or proceeding in the manner provided in paragraph
20 or in such other manner as may be permitted by applicable law, shall be valid and sufficient service thereof. Each of the parties, after consulting or having had the opportunity to consult with counsel, knowingly, voluntarily and intentionally
waives any right that such party may have to a trial by jury in any litigation based upon or arising out of this Agreement or any related instrument or agreement, or 

  
 7 

 
any of the transactions contemplated thereby, or any course of conduct, dealing, statements (whether oral or written), or actions of any of them. No party shall seek to consolidate, by
counterclaim or otherwise, any action in which a jury trial has been waived with any other action in which a jury trial cannot be or has not been waived. 

15. This Agreement is solely for the benefit of the parties and is not enforceable by any other Person. 

16. All notices, consents, requests, instructions, approvals and other communications provided for herein, and all legal process in
regard hereto, will be in writing and will be deemed validly given, made or served when delivered in person, by electronic mail, by overnight courier or two business days after being sent by registered or certified mail (postage prepaid, return
receipt requested) as follows: 
 If to the Company to: 

LogMeIn, Inc. 
 320 Summer Street

 Boston, MA 02210 
 Facsimile:
(781) 437-1820 
 Attn:      Chief Financial Officer 

      General Counsel 

with a copy (which shall not constitute notice) to: 

Latham & Watkins LLP 

200 Clarendon Street 
 Boston, MA
02116 
 Facsimile: (617) 948-6001 

Attn:      John H. Chory 

      Bradley C. Faris

If to the Investors: 
 Elliott
Associates, L.P. 
 Elliott International, L.P. 

Elliott International Capital Advisors Inc. 

40 West 57th Street 
 New York, NY
10019 
 Attn:      Jesse Cohn 

email:    jcohn@elliottmgmt.com 

with a copy (which shall not constitute notice) to: 

Gibson, Dunn & Crutcher LLP 

200 Park Avenue 
 New York, NY
10166 
 Attn:      Richard J. Birns, Esq. 

email:    rbirns@gibsondunn.com 

  
 8 

 At any time, any party may, by notice given in accordance with this paragraph to the other party, provide updated
information for notices hereunder. 
 17. All attorneys’ fees, costs and expenses incurred in connection with this Agreement and
all matters related hereto will be paid by the party incurring such fees, costs or expenses. 
 18. Each of the parties acknowledges
that it has been represented by counsel of its choice throughout all negotiations that have preceded the execution of this Agreement, and that it has executed this Agreement with the advice of such counsel. Each party and its counsel cooperated and
participated in the drafting and preparation of this Agreement, and any and all drafts relating thereto exchanged among the parties shall be deemed the work product of all of the parties and may not be construed against any party by reason of its
drafting or preparation. Accordingly, any rule of law or any legal decision that would require interpretation of any ambiguities in this Agreement against any party that drafted or prepared it is of no application and is hereby expressly waived by
each of the parties, and any controversy over interpretations of this Agreement shall be decided without regard to events of drafting or preparation. 

19. This Agreement may be executed by the parties in separate counterparts (including by fax, jpeg, .gif .bmp and .pdf), each of which
when so executed shall be an original, but all such counterparts shall together constitute one and the same instrument. 
 [Signature page
follows] 

  
 9 

 
					
	Very truly yours,
	
	LOGMEIN, INC.
		
	By:	 	 /s/ William R. Wagner

		 	Name:	 	William R. Wagner
		 	Title:	 	President and Chief Executive Officer

  

					
	Accepted and agreed to as of the date first written above:
	
	ELLIOTT ASSOCIATES, L.P.
		
	By:	 	Elliott Capital Advisors, L.P.,
		 	its General Partner
		
	By:	 	Braxton Associates, Inc.,
		 	its General Partner
		
	By:	 	 /s/ Josh Nadell

		 	Name:	 	Josh Nadell
		 	Title:	 	Vice President
	
	ELLIOTT INTERNATIONAL, L.P.
		
	By:	 	Elliott International Capital Advisors Inc.,
		 	as Attorney-in-Fact
		
	By:	 	 /s/ Josh Nadell

		 	Name:	 	Josh Nadell
		 	Title:	 	Vice President

 [Signature Page to Letter Agreement] 

 Exhibit A 

Confidentiality Agreement 

 PERSONAL AND CONFIDENTIAL 

January 31, 2017 
 Elliott Associates, L.P. 

Elliott International, L.P. 
 Elliott International Capital
Advisors Inc. 
 40 West 57th Street 
 New York, NY 10019 

Ladies and Gentlemen: 
 This letter agreement shall become
effective upon the appointment of the Investor Designee to the Board of Directors (the “Board”) of LogMeIn, Inc. (the “Company”) pursuant to the other letter agreement, dated as of the date hereof,
between the Company and you (the “Cooperation Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings given to such terms in the Cooperation Agreement. Subject to the terms of, and in
accordance with, this letter agreement, you and, subject to the restrictions in paragraph 1, your Representatives and Affiliates, may receive certain information about the Company and its subsidiaries, divisions and Affiliates from the Investor
Designee that is confidential and proprietary and the disclosure of which could harm the Company and its subsidiaries. You understand and agree that disclosure of any such information by the Investor Designee shall be subject in all cases to his
fiduciary duties to the Company and its stockholders and the Company Policies. Without limiting the generality of the foregoing, it is understood and agreed that the Investor Designee shall not disclose to you or your Representatives or Affiliates
(i) any information regarding the deliberations of the Board or its committees as a whole or of individual members of the Board or its committees or members of the Company’s management (which the parties agree shall not include factual
information regarding the Company and its subsidiaries, divisions and Affiliates), (ii) any confidential or proprietary information of any third party in the possession of the Company and its subsidiaries that either (x) is identified as such
to the Investor Designee by or on behalf of the Company or (y) as to which it is reasonably apparent that the Company or any of its subsidiaries is obligated by a contractual, legal or fiduciary obligation prohibiting disclosure or
(iii) any information that may constitute waiver of the Company’s or any of its subsidiaries’ attorney-client privilege or attorney work-product privilege (both with respect to internal or external legal counsel) that is identified as
such to the Investor Designee by or on behalf of the Company. 
 As a condition of your being furnished such information, you agree to treat any
information, whether written or oral, concerning the Company or any of its subsidiaries, divisions or Affiliates that is furnished to you by or on behalf of the Investor Designee (herein collectively referred to as the “Confidential
Information”) in accordance with the provisions of this letter agreement and to take or abstain from taking certain other actions herein set forth. The term “Confidential Information” includes, without
limitation, all notes, analyses, data or other documents furnished to you or your Affiliates or Representatives or prepared by you or your Affiliates or Representatives to the extent such materials reflect or are based upon, in whole or in part, the
Confidential Information. The term “Confidential Information” does not include information that (a) is or becomes available to you or the Investor Designee on a nonconfidential basis from a

 
source other than the Company or its Affiliates or representatives; provided that such source is not known by you or the Investor Designee to be bound by a confidentiality agreement with, or
other contractual, legal or fiduciary obligation to, the Company that prohibits such disclosure, (b) is or becomes generally available to the public other than as a result of a disclosure by you or your Representatives or Affiliates in
violation of this letter agreement, or (c) has been or is independently developed by you or your Representatives or Affiliates without the use of the Confidential Information or in violation of the terms of this letter agreement. For purposes
of this letter agreement, the term “Representatives” shall include your and your Affiliates’ directors, officers, employees and attorneys. 

1. You hereby agree that the Confidential Information will be kept confidential and used solely for the purpose of monitoring and
evaluating your investment in the Company; provided, however, that the Confidential Information may be disclosed (i) to your Affiliates and any of your Representatives who need to know such information for the sole purpose of advising you on
your investment in the Company, (ii) in accordance with paragraph 3 of this letter agreement, or (iii) as the Company may otherwise consent in writing. All such Affiliates and Representatives shall (A) be informed by you of the
confidential nature of the Confidential Information, (B) agree to keep the Confidential Information strictly confidential, and (C) be advised of the terms of this letter agreement. You agree to be responsible for any breaches of any of the
provisions of this letter agreement by any of your Affiliates or Representatives as if they were party hereto (it being understood that such responsibility shall be in addition to and not by way of limitation of any right or remedy the Company may
have against your Affiliates and Representatives with respect to such breach). 
 2. You hereby acknowledge that you, your Affiliates
and your Representatives are aware that the Confidential Information may contain material, non-public information about the Company, and that the U.S. securities laws restrict any person who has material, non-public information about a company from purchasing or selling any securities of such company while in possession of such information, and further acknowledge your obligations and those of your Affiliates and
Representatives under Section 7 of the Cooperation Agreement. 
 3. Notwithstanding anything to the contrary provided in this
letter agreement, in the event you or any of your Affiliates or Representatives receive a request or are required by deposition, interrogatory, request for documents, subpoena, civil investigative demand or similar process or pursuant to a formal
request from a regulatory examiner (any such requested or required disclosure, an “External Demand”) or otherwise pursuant to applicable law, regulation or the rules of any national securities exchange (as determined based on
advice of outside legal counsel) to disclose all or any part of the Confidential Information, agree to, to the extent permitted by applicable law, (a) promptly notify the Company of the existence, terms and circumstances surrounding such
External Demand or other requirement, (b) consult with the Company on the advisability of taking legally available steps to resist or narrow such request or disclosure, and (c) in the case of any External Demand, assist the Company, at the
Company’s request and expense, in seeking a protective order or other appropriate remedy to the extent available under the circumstances. In the event that such protective order or other remedy is not obtained or not available or that the
Company waives compliance with the provisions hereof, (i) you or your Affiliates or Representatives, as the case may be, may disclose only that portion of the Confidential Information which you or your Affiliates or Representatives are advised
by 

  
 2 

 
counsel is legally required to be disclosed and to the extent you or your Affiliates or Representatives are advised by counsel is legally required, and, in the case of any External Demand, you or
your Affiliates or Representatives shall, at the Company’s request and expense, exercise reasonable efforts to obtain assurance that confidential treatment will be accorded such Confidential Information, and (ii) you or your Affiliates or
Representatives shall not be liable for such disclosure, unless such disclosure was caused by or resulted from a previous disclosure by you or your Affiliates or Representatives in violation of this letter agreement. Notwithstanding the foregoing,
except in the case of an External Demand, you and your Affiliates and Representatives may disclose Confidential Information pursuant to this paragraph 3 if but only if such disclosure requirement does not arise from a breach of paragraph 9 of the
Cooperation Agreement. For the avoidance of doubt, it is understood and agreed that there shall be no “applicable law”, “regulation” or “rule” requiring you or your Affiliates or Representatives to disclose any
Confidential Information solely by virtue of the fact that, absent such disclosure, you or your Affiliates or Representatives would be prohibited from purchasing, selling or engaging in derivative or other voluntary transactions with respect to the
securities of the Company or you or your Affiliates or Representatives would be unable to file any proxy materials in compliance with Section 14(a) of the Exchange Act or the rules promulgated thereunder. 

4. Upon the Company’s demand, you shall either promptly (at your option) (a) destroy the Confidential Information and any
copies thereof, or (b) return to the Company all Confidential Information and any copies thereof, and, in either case, confirm in writing to the Company that all such material has been destroyed or returned, as applicable, in compliance with
this letter agreement, provided that (i) you and your Affiliates and Representatives shall be permitted to retain Confidential Information to the extent necessary to comply with applicable law or such person’s document retention policies
designed to ensure compliance with applicable law and (ii) the foregoing shall not require the deletion of Confidential Information from computer archives maintained in the ordinary course (provided that you and your Affiliates and
Representatives shall continue to be bound by the obligations of confidentiality hereunder with respect to such Confidential Information for such period of time as you and such Affiliates or Representatives retain such Confidential Information).

 5. You acknowledge and agree that money damages would not be a sufficient remedy for any breach (or threatened breach) of this
letter agreement by you or your Affiliates or Representatives and that the Company shall be entitled to equitable relief, including injunction and specific performance, as a remedy for any such breach (or threatened breach), without proof of
damages, and each party further agrees to waive, and use its reasonable best efforts to cause its Affiliates to waive any requirement for the securing or posting of any bond in connection with any such remedy. Such remedies shall not be the
exclusive remedies for a breach of this letter agreement, but will be in addition to all other remedies available at law or in equity. 

6. You agree that (a) none of the Company or their respective Affiliates or representatives shall have any liability to you or any
of your Affiliates or Representatives resulting from the selection, use or content of the Confidential Information by you or your Affiliates or Representatives and (b) none of the Company or their respective Affiliates or representatives makes
any representation or warranty, express or implied, as to the accuracy or completeness of any Confidential Information. This letter agreement shall not create any 

  
 3 

 
obligation on the part of the Company or any of its subsidiaries, Affiliates or representatives to provide you or your Affiliates or Representatives with any Confidential Information, nor shall
it entitle you or your Affiliates or Representatives (other than the Investor Designee in his capacity as a director of the Company) to participate in any Board or committee meetings. All Confidential Information shall remain the property of the
Company and its subsidiaries. Neither you nor any of your Affiliates or Representatives shall by virtue of any disclosure of and/or your or their use of any Confidential Information acquire any rights with respect thereto, all of which rights shall
remain exclusively with the Company and its subsidiaries. 
 7. No failure or delay by any party or any of its representatives in
exercising any right, power or privilege under this letter agreement shall operate as a waiver thereof, and no modification hereof shall be effective, unless in writing and signed by the parties. 

8. The illegality, invalidity or unenforceability of any provision hereof under the laws of any jurisdiction shall not affect its
legality, validity or enforceability under the laws of any other jurisdiction, nor the legality, validity or enforceability of any other provision. 

9. This letter agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware. The parties hereby
irrevocably and unconditionally consent to the exclusive jurisdiction of the Chancery Courts in the State of Delaware and the United States District Court for the District of the State of Delaware for any action, suit or proceeding arising out of or
relating to this letter agreement, and agree not to commence any action, suit or proceeding related thereto except in such courts. 

10. This letter agreement and the Cooperation Agreement (including the exhibits thereto) contain the entire understanding of the parties
with respect to the subject matter hereof and thereof and supersedes all prior or contemporaneous agreements or understandings, whether written or oral. This letter agreement may be amended only by an agreement in writing executed by the parties
hereto. 
 11. This letter agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of
which shall constitute the same agreement. One or more counterparts of this letter agreement may be delivered by telecopier or pdf electronic transmission, with the intention that they shall have the same effect as an original counterpart hereof.

 12. Except as otherwise set forth herein, this letter agreement shall terminate three (3) years from the date on which the
Investor Designee ceases to be a director of the Company; provided that you and your Affiliates shall maintain in accordance with the confidentiality obligations set forth herein any Confidential Information constituting trade secrets for such
longer time as such information constitutes a trade secret of the Company or any of its subsidiaries under applicable law; and provided further that any liability for breach of this letter agreement prior to such termination shall survive such
termination. 
 [Remainder of the page intentionally left blank] 

  
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	Very truly yours,
	
	LOGMEIN, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	Confirmed and Agreed to:
	
	ELLIOTT ASSOCIATES, L.P.
	 By: Elliott Capital Advisors, L.P.,

its General Partner

	 By: Braxton Associates, Inc.,
 its
General Partner

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	ELLIOTT INTERNATIONAL, L.P.
	 By: Elliott International Capital Advisors Inc.,

as Attorney-in-Fact

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	ELLIOTT INTERNATIONAL CAPITAL ADVISORS INC.
		
	By:	 	  

	Name:	 	
	 Title:
	 	

  
 [Signature Page to
Confidentiality Agreement]

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