Document:

Voting Agreement of Mountain Bank directors and executive officers

			
	CONFIDENTIAL	  	EXHIBIT 10.1

 VOTING AGREEMENT 
 This Voting Agreement (“Voting Agreement”) dated as of March 28, 2007, is among Columbia Banking System, Inc., a Washington
corporation (“Columbia”), Mountain Bank Holding Company, a Washington corporation (“MBHC”), and the undersigned, each of whom is either a director or executive officer of MBHC. This Agreement will be effective upon
the signing of the Merger Agreement (defined below). 
 RECITAL 
 As an inducement for Columbia to enter into the Plan and Agreement of Merger (the “Merger Agreement”) dated as of the date hereof,
whereby MBHC will be merged with and into Columbia (the “Merger”), each of the undersigned individuals, for himself or herself, and for his or her heirs and legal representatives, hereby agrees as follows: 
 AGREEMENT 
 1. Voting and
Other Matters. Each of the undersigned individuals will vote or cause to be voted all shares of MBHC’s common stock that he or she beneficially owns, with power to vote or direct the voting of (the “Shares”), in favor
of approval of the Merger Agreement and the Merger. In addition, each of the undersigned individuals who is a director of MBHC will (a) recommend to the shareholders of MBHC that they approve the Merger Agreement, and (b) refrain from any
actions or omissions inconsistent with the foregoing, except as otherwise required by law, including, without limitation, a director’s fiduciary duties to a corporation and its shareholders. The requirements of this Section 1 will continue
until the earlier of the closing of the Merger or the termination of the Merger Agreement. 
 2. No Transfer. Until the earlier
of the closing of the Merger or the termination of the Merger Agreement, the undersigned will not sell, permit a lien or other encumbrance to be created with respect to, or grant any proxy in respect of (except for proxies solicited by the board of
directors of MBHC in connection with the MBHC shareholders’ meeting at which the Merger is presented for shareholder approval) any Shares, unless all other parties to any such sale, transaction, or other arrangement enter into an agreement in
form and substance satisfactory to Columbia providing Columbia with the benefits and rights provided by this Voting Agreement. 
 3.
Individual Obligations. Obligations of each of the undersigned under this Voting Agreement are intended to be several and not joint. 
 4. Miscellaneous. 
 a. Severability. If any provision of this Voting Agreement or the
application of such provision to any person or circumstances is held invalid or unenforceable by a court of competent jurisdiction, such provision or application will be unenforceable only to the extent of such invalidity or unenforceability, and
the remainder of the provision held invalid or unenforceable, the application of such provision to persons or circumstances other than the party as to which it is held invalid, and the remainder of this Voting Agreement, will not be affected.

  

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 b. Counterparts. This Agreement may be executed in one or more counterparts,
including facsimile counterparts, each of which will be deemed an original, but all of which taken together will constitute one and the same document. 
 c. Governing Law. This Voting Agreement will be deemed a contract made under, and for all purposes will be construed in accordance with, the laws of the State of Washington. 
 d. Remedies. Any breach of this Voting Agreement entitles Columbia to injunctive relief and specific performance, as well as any
other legal or equitable remedies to which Columbia may be entitled. 
 [signature pages follow] 
  

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 The undersigned have executed this Voting Agreement effective as of March 28, 2007. 
  

									
	MOUNTAIN BANK HOLDING COMPANY	 		 	COLUMBIA BANKING SYSTEM, INC.
					
	By:	 	/s/ Roy T. Brooks	 		 	By:	 	/s/ Melanie J. Dressel
		 	Roy T. Brooks	 		 		 	Melanie J. Dressel
		 	President & Chief Executive Officer	 		 		 	President & Chief Executive Officer

  

 [Signature Page to Voting Agreement] 

					
			
	/s/ Barry C. Kombol	 		 	/s/ Roy T. Brooks
	Barry C. Kombol, Director & Vice-Chairman	 		 	Roy T. Brooks, Director, President, Chief Executive Officer, & Chairman
			
	/s/ Sheila M. Brumley	 		 	/s/ Sterlin Franks
	Sheila M. Brumley, Corporate Secretary & Chief Financial Officer	 		 	Sterlin Franks, Senior Vice President
			
	/s/ Michael K. Jones*	 		 	/s/ Susan K. Bowen-Hahto
	Michael K. Jones, Director	 		 	Susan K. Bowen-Hahto, Director
			
	/s/ Garret S. Van Beek	 		 	/s/ John W. Raeder
	Garret S. Van Beek, Director	 		 	John W. Raeder, Director
			
	/s/ Brian W. Gallagher	 		 	/s/ J.B. Rupert
	Brian W. Gallagher, Director	 		 	J.B. Rupert, Director
			
	/s/ Hans R. Zurcher	 		 	/s/ Steve W. Moergeli
	Hans R. Zurcher, Director	 		 	Steve W. Moergeli, Director

  

	*	Modified as to scope to exclude shares owned by Mr. Jones’ spouse. 

  

 [Signature Page to Voting Agreement]Director Non-Competition Agreement

			
	CONFIDENTIAL	  	EXHIBIT 10.2

 NON-COMPETITION AGREEMENT 
 This Non-Competition Agreement (“Non-Competition Agreement”), dated as of March 28, 2007, is among Columbia Banking System, Inc., a
Washington corporation (“Columbia”), Mountain Bank Holding Company, a Washington corporation (“MBHC”), and the undersigned, each of whom is a director of MBHC. 
 RECITALS 
 A. Columbia and MBHC
have entered into a Plan and Agreement of Merger (the “Merger Agreement”) dated as of the date hereof, pursuant to which MBHC will be merged with and into Columbia (the “Merger”). 
 B. The parties to this Non-Competition Agreement believe that the future success and profitability of the combined corporation and its subsidiaries and
affiliates (together, the “Combined Company”) require that the existing directors of MBHC (the “Directors”) not be affiliated in any substantial way with a Competing Business (as defined herein) for a reasonable
period of time after closing of the Merger and termination of the Directors’ status as directors. 
 C. Columbia desires to ask each of
the undersigned directors to serve on a board of advisors to provide consultation regarding integration of MBHC’s operations into the Combined Company. 
 AGREEMENT 
 In consideration of Columbia’s and MBHC’s performance under the Merger
Agreement and the mutual covenants herein, the Directors and Columbia agree as follows: 
 1. Definitions. The following
definitions also apply to this Non-Competition Agreement: 
 a. Competing Business. “Competing
Business” means any financial institution or trust company (including without limitation, any start-up or other financial institution or trust company in formation) or holding company thereof that competes or will compete within the Covered
Area with the Combined Company. 
 b. Covered Area. “Covered Area” means the counties of King and
Pierce in the State of Washington, and additional counties in the State of Washington in which MBHC or its banking subsidiary intends to expand as of the date of this Non-Competition Agreement (provided the Directors have knowledge of such expansion
plans as of the date of this Non-Competition Agreement). 
 2. Effectiveness. This Non-Competition Agreement will take effect
upon closing of the Merger and will continue in effect as specified herein. If the Merger Agreement is terminated for any reason, this Non-Competition Agreement will be null and void and of no effect. 
  

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 3. Participation in Competing Business. Except as provided in Sections 6 and 7
below, each Director agrees that for two years after the closing of the Merger (the “Non-Compete Term”) he or she will not become involved with a Competing Business or provide any service, directly or indirectly, to a Competing
Business, including without limitation, (a) as a shareholder, member, partner, director, officer, manager, investor, organizer, founder, employee, consultant, agent, or representative, or (b) with respect to the organization and preopening
phases in the formation of a Competing Business. 
 4. No Solicitation. During the Non-Compete Term, the Directors will not
directly or indirectly solicit or attempt to solicit (a) any employees of the Combined Company to participate, as an employee or otherwise, in a Competing Business, or (b) any customers of the Combined Company to transfer their business to
a Competing Business. Solicitation prohibited under this provision includes solicitation by any means, including, without limitation, meetings, letters or other mailings, electronic communications of any kind, and Internet communications.

 5. Confidential Information. During and after the Non-Compete Term, each Director will not disclose any confidential
information of the Combined Company obtained by such person while serving as a director of MBHC or on an advisory board of the Combined Company, except in accordance with a judicial or other governmental order. For purposes of this Non-Competition
Agreement “confidential information” does not include (a) information that is generally available to the public other than as a result of a disclosure by the Director; (b) information that was received by the Director from
another person without any limitations on disclosure, but only if the Director had no reason to believe that the other person was prohibited from using or disclosing the information by a contractual or fiduciary obligation; or (c) information
that was independently developed by the Director without using any confidential information of MBHC, Columbia, or the Combined Company. 
 6.
Outside Covered Area. Nothing in this Non-Competition Agreement prevents a Director from becoming involved with, as a shareholder, member, partner, director, officer, manager, investor, organizer, founder, employee, consultant, agent,
representative, or otherwise, a Competing Business that has no operations in the Covered Area. 
 7. Passive Interest. Nothing
in this Non-Competition Agreement prevents a Director from owning 5 percent or less of any class of security of a Competing Business. 
 8. Advisory Board Service. Columbia will invite each Director to serve on an advisory board relating to integration of MBHC’s operations into the Combined Company, to be formed effective as of the closing of the Merger,
for a term ending December 31, 2008. The advisory board will meet quarterly. Columbia will pay each Director $900 for each advisory board meeting attended by the Director during that term. 
 9. Resignation. Each Director hereby tenders his or her resignation from the Board of Directors of MBHC and its banking subsidiary
effective upon closing of the Merger. In the event the Merger Agreement is terminated for any reason, this resignation will be withdrawn and will be of no further effect. 
  

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 10. Remedies. Any breach of this Non-Competition Agreement by a Director will entitle the
Combined Company, together with its successors and assigns, to injunctive relief and specific performance, as well as to any other legal or equitable remedies to which they may be entitled. 
 11. Governing Law and Enforceability. This Non-Competition Agreement is governed by, and will be interpreted in accordance with, the laws
of the State of Washington, without regard to any applicable conflict of law principles. If any court determines that the restrictions set forth in this Non-Competition Agreement are unenforceable, then the parties request such court to reform these
provisions to the maximum restrictions, term, scope or geographical area that such court finds enforceable. Venue of any legal action or proceeding between the parties related to this Non-Competition Agreement will be in Pierce County, Washington,
and the parties each consent to the personal jurisdiction of the courts of the State of Washington and the federal courts located in Washington. Each Director agrees not to claim that Pierce County, Washington is an inconvenient place for trial.

 12. Individual Obligation. The obligations of each of the Directors under this Non-Competition Agreement are intended to be
several and not joint. 
 13. Counterparts. The parties may execute this Non-Competition Agreement in one or more counterparts,
including facsimile counterparts, each of which will be deemed an original, but all of which taken together will constitute one and the same document. 
 [signature pages follow] 
  

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 The undersigned have executed this Non-Competition Agreement as of March 28, 2007. 
  

									
	MOUNTAIN BANK HOLDING COMPANY	 		 	COLUMBIA BANKING SYSTEM, INC.
					
	By:	 	/s/ Roy T. Brooks	 		 	By:	 	/s/ Melanie J. Dressel
		 	Roy T. Brooks	 		 		 	Melanie J. Dressel
		 	President & Chief Executive Officer	 		 		 	President & Chief Executive Officer

  

 [Signature Page to Non-Competition Agreement] 

					
			
	/s/ Barry C. Kombol	 		 	/s/ Roy T. Brooks
	Barry C. Kombol, Director	 		 	Roy T. Brooks, Director
			
	/s/ Hans R. Zurcher	 		 	/s/ Susan K. Bowen-Hahto
	Hans R. Zurcher, Director	 		 	Susan K. Bowen-Hahto, Director
			
	/s/ Michael K. Jones	 		 	/s/ John W. Raeder
	Michael K. Jones, Director	 		 	John W. Raeder, Director
			
	/s/ Garret S. Van Beek	 		 	/s/ J.B. Rupert
	Garret S. Van Beek, Director	 		 	J.B. Rupert, Director
			
	/s/ Brian W. Gallagher	 		 	/s/ Steve W. Moergeli
	Brian W. Gallagher, Director	 		 	Steve W. Moergeli, Director

  

 [Signature Page to Non-Competition Agreement]

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