Document:

Exhibit

EXHIBIT 10.1

VOTING AGREEMENT
THIS VOTING AGREEMENT (this “Agreement”) is entered into this 17th day of February, 2017, by and among FIRST MERCHANTS CORPORATION, an Indiana corporation (“First Merchants”), and the undersigned shareholders or optionholders (each, a “Shareholder”, and collectively, the “Shareholders”) of INDEPENDENT ALLIANCE BANKS, INC., an Indiana corporation (“IALB”).
W I T N E S S E T H:
In consideration of the execution by First Merchants of the Agreement and Plan of Reorganization and Merger between First Merchants and IALB of even date herewith (the “Merger Agreement”), the undersigned Shareholders of IALB hereby agree that each of them shall cause all IALB common shares owned by him/her of record and beneficially, including, without limitation, all shares owned by him/her individually, all shares owned jointly by him/her and his/her spouse, all shares owned by any minor children (or any trust for their benefit), all shares owned by any business of which any of the Shareholders who are directors are the principal shareholders (but in each such case only to the extent the Shareholder has the right to vote or direct the voting of such shares), and specifically including all shares shown as owned directly or beneficially by each of them on Exhibit A attached hereto or acquired subsequently hereto (collectively, the “Shares”), to be voted in favor of the merger of IALB with and into First Merchants in accordance with and pursuant to the terms of the Merger Agreement at the annual or special meeting of shareholders of IALB called for that purpose.  Notwithstanding any other provision of this Agreement to the contrary, each Shareholder shall be permitted to vote such Shares in favor of another Acquisition Proposal (as such term is defined in the Merger Agreement) that is submitted for approval by the shareholders of IALB if both of the following shall have occurred:  (a) IALB’s Board of Directors has approved such Acquisition Proposal and recommended such Acquisition Proposal to IALB’s shareholders in accordance with Section 7.5 of the Merger Agreement and (b) the Merger Agreement has been terminated in accordance with Section 10.1(f) thereof.
Each of the Shareholders further agrees and covenants that he/she shall not sell, assign, transfer, dispose or otherwise convey, nor shall he/she cause, permit, authorize or approve the sale, assignment, transfer, disposition or other conveyance of, any of the Shares or any interest in the Shares to any other person, trust or entity (other than IALB) prior to the annual or special meeting of shareholders of IALB called for the purpose of voting on the Merger Agreement without the prior written consent of First Merchants, such consent not to be unreasonably withheld in the case of a gift or similar estate planning transaction (it being understood that First Merchants may decline to consent to any such transfer if the person acquiring such Shares does not agree to take such Shares subject to the terms of this Agreement).
This Agreement shall be governed by and construed in accordance with the laws of the State of Indiana, without regard to conflict of laws provisions thereof.  This Agreement may be executed in counterparts, each of which (including any facsimile or Adobe PDF copy thereof) shall be deemed

 to be an original, but all of which shall constitute one and the same agreement.  It is understood and agreed that Shareholders who execute this Agreement shall be bound hereby, irrespective of whether all Shareholders execute this Agreement.  The obligations of each of the Shareholders under the
terms of this Agreement shall terminate contemporaneously with the termination of the Merger Agreement.
Notwithstanding any other provision hereof, nothing in this Agreement shall be construed to prohibit a Shareholder, or any officer or affiliate of a Shareholder who is or has been designated a member of IALB’s Board of Directors, from taking any action solely in his or her capacity as a member of IALB’s Board of Directors or from exercising his or her fiduciary duties as a member of IALB’s Board of Directors to the extent specifically permitted by the Merger Agreement.
 [Signatures appear on following pages.]

IN WITNESS WHEREOF, First Merchants and each of the undersigned Shareholders of IALB have made and executed this Agreement as of the day and year first above written, and First Merchants has caused this Agreement to be executed by its duly authorized officer.
	
		
	 
	FIRST MERCHANTS CORPORATION 
 
 
By:   /s/   Michael C. Rechin    
   Michael C. Rechin, 
   President and Chief Executive Officer

	
		
	SHAREHOLDERS

	  /s/  Brent L. Clifton      
Brent L. Clifton
	  /s/  Douglas F. LeMaster, Jr.     
Douglas F. LeMaster, Jr.

	  /s/  Karl R. LaPan      
Karl R. LaPan
	  /s/  Michael C. Marhenke      
Michael C. Marhenke

	  /s/  Ann C. McPherren       
Ann C. McPherren
	  /s/  Kathryn A. Brogan       
Kathryn A. Brogan

	  /s/  Robert L. Caley       
Robert L. Caley
	  /s/  William S. Ogden       
William S. Ogden

	  /s/  Charles R. Schrimper       
Charles R. Schrimper
	  /s/  James A. Witmer       
James A. Witmer

EXHIBIT A
LISTING OF SHARES

	
		
	Name
	Amount

	Brent L. Clifton
	25,479

	Douglas F. LeMaster, Jr.
	34,187

	Karl R. LaPan
	6,500

	Michael C. Marhenke
	23,141

	Ann C. McPherren
	10,974

	Kathryn A. Brogan
	11,194

	Robert L. Caley
	29,141

	William S. Ogden
	4,787

	Charles R. Schrimper
	5,787

	James A. Witmer
	4,604

	TOTAL
	155,794EX-10.1

 Exhibit 10.1 

EXECUTION COPY 
 THIS OMNIBUS
AMENDMENT NO. 1 (this “Amendment”) dated as of February 15, 2017 is entered into by and among TAXI MEDALLION LOAN TRUST III, a Delaware statutory trust (the “Borrower”), MEDALLION FUNDING LLC (successor by
merger to Medallion Funding Corp.), a New York limited liability company (the “Transferor”), MEDALLION FINANCIAL CORP., a Delaware corporation (“Parent”), MEDALLION CAPITAL, INC., a Minnesota corporation
(“Medallion Capital”), FRESHSTART VENTURE CAPITAL CORP., a New York corporation (“Freshstart” and, together with the Borrower, the Transferor, Parent and Medallion Capital, the “MF/Borrower Related
Parties”), AUTOBAHN FUNDING COMPANY LLC, a Delaware limited liability company (the “ Lender”), and DZ BANK AG DEUTSCHE ZENTRAL-GENOSSENSCHAFTSBANK, FRANKFURT AM MAIN, as agent (in such capacity, the
“Agent”). 
 PRELIMINARY STATEMENTS 

A. Reference is made to (i) the Amended and Restated Loan and Security Agreement dated as of December 12, 2016 among the Borrower,
the Lender and the Agent (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”) and (ii) the Servicing Agreement dated as of December 12, 2008 by and among the Borrower, the
Agent and the Transferor, as Servicer (as amended, restated, supplemented or otherwise modified from time to time, the “Servicing Agreement” and together with the Loan Agreement, the “Agreements”). 

B. The parties hereto have agreed to amend the Agreements on the terms and conditions hereinafter set forth. 

NOW, THEREFORE, in consideration of the premises set forth above, and other good and valuable consideration the receipt and sufficiency of
which is hereby acknowledged, the parties hereto agree as follows: 
 SECTION 1. Defined Terms. Capitalized terms used and not
otherwise defined herein shall have the meanings ascribed to them in the Loan Agreement 
 SECTION 2. Amendments to the Loan
Agreement. Effective as of the Effective Date (as defined below), the Loan Agreement is hereby amended as follows: 
 2.1
Clause (b) of the definition of “Financial Covenant Default” set forth in Section 1.01 of the Loan Agreement is hereby amended and restated in its entirety to read as follows: 

“(b) the Medallion Funding Net Income for any fiscal year ending after December 31, 2016 shall be equal to or less
than zero.” 
 2.2 Clause (d) of Section 6.01 of the Loan Agreement is hereby amended and restated in its
entirety to read as follows: 
 “(d) as of any date of determination on or after April 30, 2017, (i) the
average Medallion Valuation Amount of the Medallion Loans for the most recent Monthly Period for which such average has been reported hereunder (including any period before April 30, 2017) shall have declined by 15% or more during such Monthly
Period and (ii) the Delinquency Rate for the most recent Monthly Period for which such Delinquency Rate has been reported hereunder is greater than or equal to 6%; or” 

 2.3 Clauses (f) and (g) of Section 6.02 of the Loan Agreement are
hereby amended and restated in their entirety to read as follows: 
 “(f) as at the end of any Monthly Period ending on
or after April 30, 2017, the average of the Delinquency Rates for such Monthly Period and the immediately preceding three Monthly Periods shall exceed 15.0%; or 

(g) as at the end of any Monthly Period ending on or after April 30, 2017, the average of the Default Rates for such
Monthly Period and the immediately preceding three Monthly Periods shall exceed 9.0%; or” 
 SECTION 3. Amendment to the Servicing
Agreement. Effective as of the Effective Date (as defined below), Clause (b) of the definition of “Servicer Financial Covenant Default” set forth in Section 1.01 of the Loan Agreement is hereby amended and restated in its
entirety to read as follows: 
 “(b) the Servicer Net Income for any fiscal year ending after December 31, 2016
shall be equal to or less than zero.” 
 SECTION 4. Condition Precedent. This Amendment shall become effective as of
December 31, 2016 (the “Effective Date”) upon the Agent’s receipt of a copy of this Amendment duly executed by the Borrower, the Lender, the Transferor and Parent. 

SECTION 5. Release. Each of the MF/Borrower Related Parties hereby acknowledges and confirms on its own behalf and on behalf of its
officers and directors, and its respective predecessors, successors, assigns, agents and other legal representatives, and any Person claiming by or through any of them (collectively, the “Releasors”), that (i) it does not have
any grounds, and hereby agrees not to challenge (or to allege or to pursue any matter, cause or claim arising under or with respect to), in any case based upon acts or omissions of any Lender, Agent or any other Indemnified Party occurring prior to
the date hereof or facts otherwise known to it as of the date hereof, the effectiveness, genuineness, validity, collectability or enforceability of the Loan Documents and (ii) it does not possess, and hereby unconditionally and forever waives,
remises, releases, discharges and holds harmless each Lender, Agent and any other Indemnified Party, and each of their respective affiliates, stockholders, directors, officers, employees, attorneys, agents, representatives, heirs, executors,
administrators, successors and assigns, each Person acting or purporting to act for them or on their behalf, and the successors and assigns of any such Persons (collectively, the “Designated Parties”), from and against, and agrees
not to allege or pursue, any action, cause of action, suit, debt, liability, loss, expense, claim, counterclaim, cross-claim, demand, defense, offset, opposition, demand and other right of action whatsoever, whether now known or unknown, past or
present, asserted or unasserted, contingent or liquidated, whether in law, equity or otherwise, which any of the Releasors ever had, now have, may have, or claim to have against any of the Designated Parties, by reason of any matter, cause or thing
whatsoever, with respect to events or omissions occurring or arising on or prior to the date hereof and relating to the Loan Documents, any transaction relating thereto, or any actions or omissions in connection therewith (collectively, the
“Claims”). The foregoing release shall be construed in the broadest sense possible. 
 The MF/Borrower Related Parties
warrant and represent that they are the sole and lawful owners of all right, title, and interest in and to every Claim being released hereby and they have not assigned, pledged, hypothecated, or otherwise divested or encumbered all or any part of
any Claim being released hereby. The MF/Borrower Related Parties hereby agree to indemnify, defend, and hold harmless any and all of the Releasees from and against any Claims asserted against any Releasee based on, or arising in connection with, any
such prior assignment or transfer, whether actual or purported. The MF/Borrower Related Parties hereby absolutely, unconditionally, and irrevocably agree never to commence, prosecute, 

  
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cause to be commenced or prosecuted, voluntarily aid in any way, or foment any suit, action, or other proceeding (at law, in equity, in any regulatory proceeding, or otherwise) or otherwise seek
any recovery against any of the Releasees based on any of the Claims being released hereby. The MF/Borrower Related Parties hereby specifically warrant, represent, acknowledge, and agree that: (a) none of the provisions of this general release
shall be construed as or constitute an admission of any liability on the part of any Releasee; and (b) the provisions of this general release shall constitute an absolute bar to any Claim of any kind, whether any such Claim is based on
contract, tort, warranty, mistake, or any other theory, whether legal, statutory, or equitable. 
 SECTION 6. Reference to and Effect on
the Agreements. 
 6.1 Upon the effectiveness of this Amendment, each reference in any Agreement to “this Agreement,”
“hereunder,” “hereof,” “herein,” “hereby” or words of like import shall mean and be a reference to such Agreement as amended hereby, and each reference to such Agreement in any other document, instrument and
agreement executed and/or delivered in connection with such Agreement shall mean and be a reference to such Agreement as amended hereby 

6.2 Except as specifically provided herein, each Agreement, the other Loan Documents and all other documents, instruments and agreements
executed and/or delivered in connection therewith shall remain in full force and effect and are hereby ratified and confirmed. 
 6.3 Except
as expressly set forth herein, the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any party under any Loan Document or any other document, instrument, or agreement executed in
connection therewith, nor constitute a waiver of any provision contained therein. 
 SECTION 7. Governing Law. THIS AMENDMENT SHALL
BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK BUT OTHERWISE WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES). 

SECTION 8. Execution in Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute but one and the same instrument. Delivery of an executed counterpart of this Amendment by
facsimile or electronic mail shall be effective as delivery of a manually executed counterpart of this Amendment. 
 SECTION 9.
Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose. 

[Remainder of page intentionally left blank] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective signatories thereunto duly authorized as of the date first written above. 
  

			
	TAXI MEDALLION LOAN TRUST III, as Borrower
		
	By	 	 /s/ Andrew M. Murstein

	Name:	 	Andrew M. Murstein
	Title:	 	President

 Signature Page to Omnibus Amendment No. 1 

 
			
	MEDALLION FINANCIAL CORP.
		
	By	 	 /s/ Andrew M. Murstein

	Name:	 	Andrew M. Murstein
	Title:	 	President
	  
 MEDALLION CAPITAL, INC.

		
	By	 	 /s/ Dean Pickerell

	Name:	 	Dean Pickerell
	Title:	 	Acting President & Exec. V.P.
	  
 FRESHSTART VENTURE CAPITAL CORP.

		
	By	 	 /s/ Alvin Murstein

	Name:	 	Alvin Murstein
	Title:	 	Chairman & CEO
	  
 MEDALLION FUNDING LLC

		
	By	 	 /s/ Alvin Murstein

	Name:	 	Alvin Murstein
	Title:	 	Chairman & CEO

 Signature Page to 

Signature Page to Omnibus Amendment No. 1 

 
			
	 DZ BANK AG DEUTSCHE

ZENTRAL-GENOSSENSCHAFTSBANK,
 FRANKFURT AM MAIN, as Agent

 

	By	 	 /s/ Mehul Patel

	Name:	 	Mehul Patel
	Title:	 	 Vice President
  

	By	 	 /s/ Jayan Krishnan

	Name:	 	Jayan Krishnan
	Title:	 	Director

  

			
	AUTOBAHN FUNDING COMPANY LLC, as the Lender
	
	 By: DZ BANK AG DEUTSCHE

ZENTRAL-GENOSSENSCHAFTSBANK,
 FRANKFURT AM MAIN, its
Attorney-in-Fact

		
	By	 	 /s/ Mehul Patel

	Name:	 	Mehul Patel
	Title:	 	 Vice President
  

	By	 	 /s/ Jayan Krishnan

	Name:	 	Jayan Krishnan
	Title:	 	Director 

 Signature Page to 

Signature Page to Omnibus Amendment No. 1 

 The undersigned hereby (i) acknowledges and agrees to the foregoing Amendment, (ii) reaffirms all of
its obligations under the Limited Recourse Guaranty and the other Loan Documents to which it is a party and (iii) acknowledges and agrees that the Limited Recourse Guaranty and such other Loan Documents remain in full force and effect. 

 

			
	MEDALLION FUNDING LLC
		
	By	 	 /s/ Alvin Murstein

	Name:	 	Alvin Murstein
	Title:	 	Chairman & CEO

 Signature Page to 

Signature Page to Omnibus Amendment No. 1

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