Document:

EXHIBIT
10.2

 

EXECUTION
VERSION

GUARANTY
AGREEMENT

 

 

 

January 26,
2017

 

WHEREAS,
IHS Markit Ltd. (“Holdings”)
and Markit Group Holdings Limited (the “Borrower”) have entered into that certain Credit Agreement dated
as of the date hereof, among Holdings, the Borrower, the lenders party thereto (the “Lenders”) and Bank of
America, N.A., as the administrative agent for the Lenders (the “Administrative
Agent”) (such Credit Agreement, as it may hereafter be amended or otherwise modified from time to time, being hereinafter
referred to as the “Credit Agreement”, and capitalized terms not otherwise defined herein shall have the same
meaning as set forth in the Credit Agreement);

 

WHEREAS,
the execution of this Guaranty Agreement is a condition to the Administrative Agent’s and each Lender’s obligations
under the Credit Agreement;

 

NOW, THEREFORE,
for valuable consideration, the receipt and adequacy of which are hereby acknowledged, Holdings and each of the undersigned Subsidiaries
and any Subsidiary hereafter added as a “Guarantor” hereto pursuant to a Subsidiary Joinder Agreement in the form
attached hereto as Exhibit A (individually a “Guarantor” and collectively the “Guarantors”),
hereby irrevocably and unconditionally guarantees to the Guaranteed Parties the full and prompt payment and performance of the
Guaranteed Indebtedness (hereinafter defined), this Guaranty Agreement being upon the following terms:

 

1.             Guaranteed
Indebtedness. The term “Guaranteed Indebtedness”, as used herein, means all of the Obligations (as defined
in the Credit Agreement) (excluding with respect to each Guarantor, any Excluded Swap Obligations of such Guarantor). The “Guaranteed
Indebtedness” shall include any and all post-petition interest and expenses (including attorneys’ fees) whether or
not allowed under any Debtor Relief Law.

 

2.             Nature
of Liability; Limit of Liability under Loan Documents. It is the desire and intent of each Guarantor, the Administrative Agent
and the other Guaranteed Parties that this Guaranty Agreement and all other obligations of a Guarantor under the Loan Documents
shall be enforced against such Guarantor to the fullest extent permissible under the laws and public policies applied in each
jurisdiction in which enforcement is sought. If, however, and to the extent that, the obligations of any Guarantor under this
Guaranty Agreement or the other provisions of the Loan Documents shall be adjudicated to be invalid or unenforceable for any reason
(including because of any applicable state, federal or foreign law relating to fraudulent conveyances or transfers), then notwithstanding
anything contained herein or in any Loan Document to the contrary, the amount of the obligations under this Guaranty Agreement
and under the other Loan Documents shall be deemed to be reduced and the applicable Guarantor shall pay the maximum amount of
such obligations which would be permissible under applicable law or public policy. Without limiting the generality of the foregoing:

 

(i)       Swiss
Guarantors. The liability of each of Guarantor who is organized under the laws of Switzerland (each, a “Swiss Guarantor”)
under this Guaranty Agreement and the other Loan Documents in respect of the obligations of another Loan Party shall be limited
as

 

    

     

    

follows notwithstanding
any provision in this Guaranty Agreement or any other Loan Document to the contrary:

 

(A)       The
obligations, liabilities, indemnities and undertakings of as well as the application of net proceeds resulting from the realization
of any security granted by a Swiss Guarantor under the Loan Documents including the guaranty pursuant to this Guaranty Agreement
in relation to obligations, liabilities, indemnities or undertakings of another Loan Party (other than the relevant Swiss Guarantor
or any of its Subsidiaries) (“Up- and Cross-stream Obligations”) shall be limited to its Free Reserves Available
for Distribution (all in accordance with Art. 675 paragraph 2 and Art. 671 paragraph 1 and 2 no. 3 of the Swiss Code of Obligations)
at the time of (i) the enforcement of such obligations, liabilities, indemnities, guaranties or undertakings or (ii) such application
of the net proceeds resulting from the foreclosure in or realization on the security granted by any Swiss Guarantor, always provided
that any such Up- and Cross-stream Obligations would otherwise lead to an actual violation of the prohibition to repay any capital
contributions (Verbot der Einlagenrückgewähr) or to a prohibited distribution of profits pursuant to the Swiss
Code of Obligations (verbotene Gewinnausschüttung).

 

(B)       For
the purpose of the preceding subsection (A), “Free Reserves Available for Distribution” means the maximum amount of
the Swiss Guarantor's profits and reserves available for distribution at the time of the enforcement of (i) such obligations,
liabilities, indemnities or undertakings or (ii) the application of the net proceeds resulting from the foreclosure in or realization
on the security granted by any Swiss Guarantor presently being equal to the positive difference between:

 

(1)            the
assets of the Swiss Guarantor; and

 

(2)            the
aggregate of:

 

		(a)	all liabilities other than Up-
                                         and Cross-stream Obligations;

 

		(b)	the amount of the registered
                                         share capital; and

 

		(c)	the statutory reserves (gesetzliche
                                         Reserven) to the extent such reserves must be maintained by mandatory law at any given
                                         time;

 

all these amounts to be established
in accordance with Swiss law and, upon the request of the Administrative Agent to be confirmed by the auditors of the relevant
Swiss Guarantor based on an audited interim balance sheet. The relevant Swiss Guarantor shall, upon the request of the Administrative
Agent, arrange for the audited interim balance sheet and the confirmation of the auditors immediately after having been requested
to make a payment under this Guaranty Agreement or the rights under any of the Loan Documents have been asserted in relation to
Up- and Cross-stream Obligations. The relevant Swiss Guarantor shall take any other actions and/or pass any resolutions including
resolutions of the board of directors and shareholders' resolutions that, in the sole opinion of the Administrative Agent, are
necessary to make an amount available for distribution as part of the Free Reserves Available for Distribution, including any
resolutions on the dissolution of hidden reserves and/or on the distribution of profits.

 

    

     

    

(C)   
  The limitations contained herein shall not relieve the relevant Swiss Guarantor from payment obligations under
the Loan Documents beyond these limitations. If as of any date a Swiss Guarantor cannot make any further payment as a result
of these limitations, then the Swiss Guarantor shall continue to be obligated to make payment hereunder and shall make such
payment when the operation of the limitations in this Section permit it to do so.

 

(ii)      UK
Guarantors.  The obligations of any Guarantor incorporated, formed or established under the laws of England and Wales
shall not apply to any liability to the extent that it would result in this Loan Guaranty constituting unlawful financial assistance
within the meaning of sections 678 or 679 of the Companies Act 2006.

 

3.        Contribution
Agreement. The Guarantors (other than Holdings) together desire to allocate among themselves (collectively, the “Contributing
Guarantors”), in a fair and equitable manner, their obligations (other than, with respect to any Guarantor, any Excluded
Swap Obligations of such Guarantor) arising under this Guaranty Agreement and the other Loan Documents. Accordingly, in the event
any payment or distribution is made by a Guarantor under this Guaranty Agreement or under the other Loan Documents (other than,
with respect to such Guarantor, any payment or distribution made under any Excluded Swap Obligations of such Guarantor) (a “Funding
Guarantor”) that exceeds its Fair Share (as defined below), that Funding Guarantor shall be entitled to a contribution
from each of the other Contributing Guarantors in the amount of such other Contributing Guarantor’s Fair Share Shortfall
(as defined below), with the result that all such contributions will cause each Contributing Guarantor’s Aggregate Payments
(as defined below) to equal its Fair Share. “Fair Share” means, with respect to a Contributing Guarantor as
of any date of determination, an amount equal to (i) the ratio of (x) the Adjusted Maximum Amount (as defined below)
with respect to such Contributing Guarantor to (y) the aggregate of the Adjusted Maximum Amounts with respect to all Contributing
Guarantors, multiplied by (ii) the aggregate amount paid or distributed on or before such date by all Funding Guarantors
under the Loan Documents in respect of the obligations guarantied (other than, with respect to such Guarantor, any Excluded Swap
Obligations of such Guarantor). “Fair Share Shortfall” means, with respect to a Contributing Guarantor as of
any date of determination, the excess, if any, of the Fair Share of such Contributing Guarantor over the Aggregate Payments of
such Contributing Guarantor. “Adjusted Maximum Amount” means, with respect to a Contributing Guarantor as of
any date of determination, the maximum aggregate amount of the obligations of such Contributing Guarantor under this Guaranty
Agreement determined in accordance with the provisions hereof; provided that, solely for purposes of calculating the “Adjusted
Maximum Amount” with respect to any Contributing Guarantor for purposes of this Section 3, the assets or liabilities
arising by virtue of any rights to or obligations of contribution hereunder shall not be considered as assets or liabilities of
such Contributing Guarantor. “Aggregate Payments” means, with respect to a Contributing Guarantor as of any
date of determination, the aggregate amount of all payments and distributions made on or before such date by such Contributing
Guarantor in respect of this Guaranty Agreement (including, without limitation, in respect of this Section 3) and the other
Loan Documents. The amounts payable as contributions hereunder shall be determined as of the date on which the related payment
or distribution is made by the applicable Funding Guarantor. The allocation among Contributing Guarantors of their obligations
as set forth in this Section 3 shall not be construed in any way to limit the liability of any Contributing Guarantor hereunder.

 

    

     

    

4.       Absolute
and Irrevocable Guaranty. This instrument shall be an absolute, continuing, irrevocable and unconditional guaranty of payment
and performance, and not a guaranty of collection, and each Guarantor shall remain liable on its obligations hereunder until the
Guaranteed Indebtedness is Fully Satisfied. No set-off, counterclaim, recoupment, reduction, or diminution of any obligation,
or any defense of any kind or nature which the Borrower may have against any Guaranteed Party or any other Person, or which any
Guarantor may have against the Borrower, any Guaranteed Party or any other Person, shall be available to, or shall be asserted
by, any Guarantor against any Guaranteed Party or any subsequent holder of the Guaranteed Indebtedness or any part thereof or
against payment of the Guaranteed Indebtedness or any part thereof other than Full Satisfaction of the Obligations guaranteed
hereby. If the payment of any amount of principal of, interest with respect to or any other amount constituting the Guaranteed
Indebtedness, or any portion thereof, is rescinded, voided or must otherwise be refunded by the Administrative Agent or any Guaranteed
Party for any reason, then the Guaranteed Indebtedness and all terms and provisions of this Guaranty Agreement will be automatically
reinstated and become automatically effective and in full force and effect, all to the extent that and as though such payment
so rescinded, voided or otherwise refunded had never been made.

 

5.       Rights
Cumulative. If a Guarantor becomes liable for any indebtedness owing by the Borrower to any Guaranteed Party by endorsement
or otherwise, other than under this Guaranty Agreement, such liability shall not be in any manner impaired or affected hereby,
and the rights of the Guaranteed Parties hereunder shall be cumulative of any and all other rights that any Guaranteed Party may
ever have against such Guarantor. The exercise by any Guaranteed Party of any right or remedy hereunder or under any other instrument,
or at law or in equity, shall not preclude the concurrent or subsequent exercise of any other right or remedy.

 

6.       Agreement
to Pay Guaranteed Indebtedness. In the event of default by the Borrower in payment or performance of its respective Guaranteed
Indebtedness, or any part thereof, when such Guaranteed Indebtedness becomes due, whether by its terms, by acceleration, or otherwise,
the Guarantors shall, jointly and severally, promptly pay the amount due thereon to the Administrative Agent, without notice or
demand, in the lawful currency in which such amount is due, and it shall not be necessary for the Administrative Agent or any
other Guaranteed Party, in order to enforce such payment by any Guarantor, first to institute suit or exhaust its remedies against
the Borrower or others liable on such Guaranteed Indebtedness, or to enforce any rights against any collateral which shall ever
have been given to secure such Guaranteed Indebtedness. In the event such payment is made by a Guarantor, then such Guarantor
shall be subrogated to the rights then held by the Administrative Agent and any other Guaranteed Party with respect to the Guaranteed
Indebtedness to the extent to which the Guaranteed Indebtedness was discharged by such Guarantor. Notwithstanding the foregoing,
upon payment by such Guarantor of any sums to the Administrative Agent or any other Guaranteed Party hereunder, all rights of
such Guarantor against the Borrower, any other guarantor or any collateral arising as a result therefrom by way of right of subrogation,
reimbursement, contribution or otherwise shall in all respects be subordinate and junior in right of payment to the prior Full
Satisfaction of the applicable Guaranteed Indebtedness. All payments received by the Administrative Agent hereunder shall be applied
by the Administrative Agent to payment of the Guaranteed Indebtedness in the order provided for in Section 2.18(e) of the
Credit Agreement.

 

    

     

    

7.       Stay
of Acceleration. If acceleration of the time for payment of any amount payable by the Borrower under the Guaranteed Indebtedness
is stayed upon the insolvency, bankruptcy, or reorganization of the Borrower, all such amounts otherwise subject to acceleration
under the terms of the Guaranteed Indebtedness shall nonetheless be payable by the Guarantors hereunder forthwith on demand by
the Administrative Agent or any other Guaranteed Party.

 

8.       Obligations
Not Impaired. Each Guarantor hereby agrees that its obligations under the Loan Documents shall not be released, discharged,
diminished, impaired, reduced, or affected for any reason or by the occurrence of any event, including, without limitation, one
or more of the following events, whether or not with notice to or the consent of any Guarantor: (a) the taking or accepting
of collateral as security for any or all of the Guaranteed Indebtedness or the release, surrender, exchange, or subordination
of any collateral now or hereafter securing any or all of the Guaranteed Indebtedness; (b) any partial release of the liability
of any Guarantor hereunder, or the full or partial release of any other guarantor from liability for any or all of the Guaranteed
Indebtedness; (c) any disability of the Borrower, any Guarantor or any other Person, or the dissolution, insolvency, or bankruptcy
of the Borrower, any Guarantor, or any other Person at any time liable for the payment of any or all of the Guaranteed Indebtedness;
(d) any renewal, extension, modification, waiver, amendment, or rearrangement of any or all of the Guaranteed Indebtedness
or any instrument, document, or agreement evidencing, securing, or otherwise relating to any or all of the Guaranteed Indebtedness;
(e) any adjustment, indulgence, forbearance, waiver, or compromise that may be granted or given by the Administrative Agent
or any other Guaranteed Party to the Borrower, any Guarantor, or any other Person ever liable for any or all of the Guaranteed
Indebtedness; (f) any neglect, delay, omission, failure, or refusal of the Administrative Agent or any other Guaranteed Party
to take or prosecute any action for the collection of any of the Guaranteed Indebtedness or to foreclose or take or prosecute
any action in connection with any instrument, document, or agreement evidencing, securing, or otherwise relating to any or all
of the Guaranteed Indebtedness; (g) the unenforceability or invalidity of any or all of the Guaranteed Indebtedness or of
any instrument, document, or agreement evidencing, securing, or otherwise relating to any or all of the Guaranteed Indebtedness;
(h) any payment by the Borrower or any other Person to the Administrative Agent or any other Guaranteed Party is held to
constitute a preference under applicable bankruptcy or insolvency law or if for any other reason the Administrative Agent or any
other Guaranteed Party is required to refund any payment or pay the amount thereof to someone else; (i) the settlement or
compromise of any of the Guaranteed Indebtedness; (j) the non-perfection of any security interest or lien securing any or
all of the Guaranteed Indebtedness; (k) any impairment of any collateral securing any or all of the Guaranteed Indebtedness;
(l) the failure of the Administrative Agent or any other Guaranteed Party to sell any collateral securing any or all of the
Guaranteed Indebtedness in a commercially reasonable manner or as otherwise required by law; (m) any change in the corporate
or other existence, structure, or ownership of the Borrower or any Guarantor; or (n) any other circumstance which might otherwise
constitute a defense available to, or discharge of, the Borrower or any other Guarantor (other than the Full Satisfaction of the
Obligations guaranteed hereby).

 

9.       Representations
and Warranties. Each Guarantor represents and warrants to the Administrative Agent, the Lenders and the other Guaranteed Parties
as follows:

 

    

     

    

(a)       Credit
Agreement Representations. All representations and warranties in the Credit Agreement relating to it are true and correct
as of the date hereof and on each date the representations and warranties hereunder are restated pursuant to any of the Loan Documents
with the same force and effect as if such representations and warranties had been made on and as of such date except to the extent
that such representations and warranties relate specifically to another date.

 

(b)       Independent
Analysis. It has, independently and without reliance upon the Administrative Agent, any Lender or any other Guaranteed Party
and based upon such documents and information as it has deemed appropriate, made its own analysis and decision to enter into the
Loan Documents to which it is a party.

 

(c)       Borrower
Information. It has adequate means to obtain from the Borrower on a continuing basis information concerning the financial
condition and assets of the Borrower and it is not relying upon the Administrative Agent, any Lender or any other Guaranteed Party
to provide (and none of the Administrative Agent, the Lenders or the other Guaranteed Parties shall have any duty to provide)
any such information to it either now or in the future.

 

10.       Covenants
of Guarantor. Each Guarantor covenants and agrees that until the Loan Obligations guaranteed hereby have been Fully Satisfied,
it will comply with all covenants set forth in the Credit Agreement specifically applicable to it.

 

11.       Right
of Set Off. When an Event of Default exists and subject to the terms of Section 2.18 of the Credit Agreement, the Administrative
Agent and each other Guaranteed Party shall have the right to set-off and apply against this Guaranty Agreement (and the obligations
of the Guarantors hereunder) or the Guaranteed Indebtedness or both, at any time and without notice to any Guarantor, any and
all deposits (general or special, time or demand, provisional or final) or other sums at any time credited by or owing from the
Administrative Agent and each other Guaranteed Party to any Guarantor whether or not the Guaranteed Indebtedness is then due and
irrespective of whether or not the Administrative Agent or any other Guaranteed Party shall have made any demand under this Guaranty
Agreement.  Each Guaranteed Party agrees promptly to notify the Borrower (with a copy to the Administrative Agent) after
any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and
application.  The rights and remedies of the Administrative Agent and other Guaranteed Parties hereunder are in addition
to other rights and remedies (including, without limitation, other rights of set-off) which the Administrative Agent or any other
Guaranteed Party may have. Notwithstanding the foregoing, no amount received from, or set off with respect to, any Guarantor shall
be applied to any Excluded Swap Obligation of such Guarantor.

 

12.       Intercompany
Subordination.

 

(a)       Debt
Subordination. Each Guarantor hereby agrees that the Subordinated Indebtedness (as defined below) shall be subordinate and
junior in right of payment to the Full Satisfaction of the Obligations guaranteed hereby. The Subordinated Indebtedness shall
not be payable, and no payment of principal, interest or other amounts on account thereof, and no property or guarantee of any
nature to secure or pay the Subordinated Indebtedness shall be made or given, directly or indirectly by or on behalf of any Debtor
(hereafter defined) or

 

    

     

    

received,
accepted, retained or applied by any Guarantor unless and until the Obligations guaranteed hereby shall have been Fully Satisfied;
except that prior to the occurrence and continuance of an Event of Default, each Debtor shall have the right to make payments
and a Guarantor shall have the right to receive payments on the Subordinated Indebtedness from time to time. When an Event of
Default exists, except with the consent of the Administrative Agent, no payments may be made or given on the Subordinated Indebtedness,
directly or indirectly, by or on behalf of any Debtor or received, accepted, retained or applied by any Guarantor unless and until
the Obligations shall have been Fully Satisfied. If any sums shall be paid to a Guarantor by any Debtor or any other Person on
account of the Subordinated Indebtedness when such payment is not permitted hereunder, such sums shall be held in trust by such
Guarantor for the benefit of the Administrative Agent and the other Guaranteed Parties and shall forthwith be paid to the Administrative
Agent and applied by the Administrative Agent against the Guaranteed Indebtedness in accordance with this Guaranty Agreement.
For purposes of this Guaranty Agreement and with respect to a Guarantor, the term “Subordinated Indebtedness”
means all indebtedness, liabilities, and obligations of any other Loan Party (such other Loan Parties herein the “Debtors”)
to such Guarantor, whether such indebtedness, liabilities, and obligations now exist or are hereafter incurred or arise, or are
direct, indirect, contingent, primary, secondary, several, joint and several, or otherwise, and irrespective of whether such indebtedness,
liabilities, or obligations are evidenced by a note, contract, open account, or otherwise, and irrespective of the Person or Persons
in whose favor such indebtedness, obligations, or liabilities may, at their inception, have been, or may hereafter be created,
or the manner in which they have been or may hereafter be acquired by such Guarantor.

 

(b)       Lien
Subordination. Each Guarantor agrees that any and all Liens (including any judgment liens), upon any Debtor’s assets
securing payment of any Subordinated Indebtedness shall be and remain inferior and subordinate to any and all Liens upon any Debtor’s
assets securing payment of the Guaranteed Indebtedness or any part thereof and guarantees in respect thereof, regardless of whether
such Liens in favor of a Guarantor, the Administrative Agent or any other Guaranteed Party presently exist or are hereafter created
or attached. Without the prior written consent of the Administrative Agent, until the Obligations guaranteed hereby are Fully
Satisfied no Guarantor shall (i) file suit against any Debtor or exercise or enforce any other creditor’s right it
may have against any Debtor, or (ii) foreclose, repossess, sequester, or otherwise take steps or institute any action or
proceedings (judicial or otherwise, including without limitation the commencement of, or joinder in, any liquidation, bankruptcy,
rearrangement, debtor’s relief or insolvency proceeding) to enforce any obligations of any Debtor to such Guarantor or any
Liens held by such Guarantor on assets of any Debtor.

 

(c)       Insolvency
Proceeding. In the event of any receivership, bankruptcy, reorganization, rearrangement, debtor’s relief, or other insolvency
proceeding involving any Debtor as debtor, the Administrative Agent shall have the right to prove and vote any claim under the
Subordinated Indebtedness and to receive directly from the receiver, trustee or other court custodian all dividends, distributions,
and payments made in respect of the Subordinated Indebtedness until the Obligations guaranteed hereby have been Fully Satisfied.
The Administrative Agent may apply any such dividends, distributions, and payments against the Guaranteed Indebtedness in accordance
with the Credit Agreement.

 

    

     

    

13.       Amendment
and Waiver. Except for modifications made pursuant to the execution and delivery of a Subsidiary Joinder Agreement (which
needs to be signed only by the Subsidiary party thereto) and the release of any Guarantor from its obligations hereunder; no amendment
or waiver of any provision of this Guaranty Agreement or consent to any departure by any Guarantor therefrom shall in any event
be effective unless the same shall be in writing and signed by the parties required by Section 10.02(b) of the Credit Agreement.
The remedies herein provided are cumulative and not exclusive of any remedies provided by law.

 

14.       [Reserved].

 

15.       Successor
and Assigns. This Guaranty Agreement is for the benefit of the Guaranteed Parties, their Affiliates and each Indemnitee and
their successors and assigns, and in the event of an assignment of the Guaranteed Indebtedness, or any part thereof, the rights
and benefits hereunder, to the extent applicable to the indebtedness so assigned, may be transferred with such indebtedness. This
Guaranty Agreement is binding not only on each Guarantor, but on each Guarantor’s successors and assigns. No Guarantor may
assign or otherwise transfer any of its rights or obligations hereunder without prior written consent of each Lender except as
otherwise permitted by the Credit Agreement and any attempted assignment or transfer without such consent shall be null and void.

 

16.       Reliance
and Inducement. Each Guarantor recognizes that the Administrative Agent and the Lenders are relying upon this Guaranty Agreement
and the undertakings of each Guarantor hereunder and under the other Loan Documents to which each is a party in making extensions
of credit to the Borrower under the Credit Agreement and further recognizes that the execution and delivery of this Guaranty Agreement
and the other Loan Documents to which each Guarantor is a party is a material inducement to the Administrative Agent and the Lenders
in entering into the Credit Agreement and continuing to extend credit thereunder. Each Guarantor hereby acknowledges that there
are no conditions to the full effectiveness of this Guaranty Agreement or any other Loan Document to which it is a party.

 

17.       Notice.
Any notice or demand to any Guarantor under or in connection with this Guaranty Agreement or any other Loan Document to which
it is a party shall be deemed effective if given to the Guarantor, care of the Borrower in accordance with the notice provisions
in the Credit Agreement.

 

18.       Expenses.
The Guarantors shall, jointly and severally, pay on demand all reasonable out-of-pocket attorneys’ fees and all other reasonable
costs and expenses incurred by the Administrative Agent and the other Guaranteed Parties in connection with the administration,
enforcement, or collection of this Guaranty Agreement.

 

19.       Waiver
of Promptness, Diligence, etc. Except as otherwise specifically provided in the Credit Agreement, each Guarantor hereby waives
promptness, diligence, notice of any default under the Guaranteed Indebtedness, demand of payment, notice of acceptance of this
Guaranty Agreement, presentment, notice of protest, notice of dishonor, notice of the incurring by the Borrower of additional
indebtedness, and all other notices and demands with respect to the Guaranteed Indebtedness and this Guaranty Agreement.

 

    

     

    

20.       Incorporation
of Credit Agreement. Section 10.21 of the Credit Agreement, and all of the terms thereof applicable to each Guarantor, is
incorporated herein by reference, the same as if stated verbatim herein, and each Guarantor agrees that the Administrative Agent
and the Lenders may exercise any and all rights granted to any of them under the Credit Agreement and the other Loan Documents
without affecting the validity or enforceability of this Guaranty Agreement.

 

21.       Entire
Agreement. This Guaranty Agreement embodies the final, entire agreement of each Guarantor, agent and the other Guaranteed
Parties with respect to each Guarantor’s guaranty of the Guaranteed Indebtedness and supersedes any and all prior commitments,
agreements, representations, and understandings, whether written or oral, relating to the subject matter hereof. This Guaranty
Agreement is intended by each Guarantor, the Administrative Agent and the other Guaranteed Parties as a final and complete expression
of the terms of the Guaranty Agreement, and no course of dealing among any Guarantor, the Administrative Agent and any other Guaranteed
Parties, no course of performance, no trade practices, and no evidence of prior, contemporaneous or subsequent oral agreements
or discussions or other extrinsic evidence of any nature shall be used to contradict, vary, supplement or modify any term of this
Guaranty Agreement.

 

22.       No
Waiver. No failure or delay by the Administrative Agent or any other Guaranteed Party in exercising any right or power hereunder
or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right
or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise
thereof or the exercise of any other right or power.

 

23.       Damage
Limitation. To the extent permitted by applicable law, each Guarantor agrees that it will not assert, and each Guarantor hereby
waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages
(as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Guaranty Agreement or any
agreement or instrument contemplated hereby, the Transactions, any Loan or the use of the proceeds thereof.

 

24.       Survival.
All covenants, agreements, representations and warranties made by the Loan Parties in the Loan Documents and in the certificates
or other instruments delivered in connection with or pursuant to this Guaranty Agreement or any other Loan Document shall be considered
to have been relied upon by the other parties hereto and shall survive the execution and delivery of the Loan Documents and the
making of any Loans, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the
Administrative Agent or any Guaranteed Party may have had notice or knowledge of any Default or incorrect representation or warranty
at the time any credit is extended hereunder, and shall continue in full force and effect until the Obligations have been Fully
Satisfied.

 

25.       Counterparts.
This Guaranty Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which
shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed
counterpart of a signature page of this Guaranty Agreement by telecopy or other electronic

 

    

     

    

transmission
shall be effective as delivery of a manually executed counterpart of this Guaranty Agreement.

 

26.       Severability.
Any provision of this Guaranty Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability
of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate
such provision in any other jurisdiction.

 

27.       Governing
Law. This Guaranty Agreement and all claims and causes of action arising out of this Guaranty Agreement shall be governed
by and construed in accordance with the applicable law pertaining in the State of New York, other than those conflict of law provisions
that would defer to the substantive laws of another jurisdiction. This governing law election has been made by the parties in
reliance (at least in part) on Section 5–1401 of the General Obligations Law of the State of New York, as amended (as
and to the extent applicable), and other applicable law.

 

28.       Jurisdiction.
EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF
THE SUPREME COURT OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN
DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY
LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY
AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING Shall BE HEARD AND DETERMINED IN SUCH NEW YORK STATE OR,
TO THE EXTENT PERMITTED BY LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION
OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED
BY LAW. NOTHING IN THIS GUARANTY AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE Administrative AGENT
OR ANY OTHER GUARANTEED PARTY MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS GUARANTY AGREEMENT OR ANY
OTHER LOAN DOCUMENT AGAINST THE BORROWER, ANY GUARANTOR OR Their PROPERTIES IN THE COURTS OF ANY JURISDICTION.

 

29.       Venue.
Each party hereto hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any
objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating
to this Guaranty Agreement or any other Loan Document in any court referred to in Section 28 hereof. Each of the parties
hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance
of such action or proceeding in any such court.

 

    

     

    

30.       Service
of Process. Each party to this Guaranty Agreement irrevocably consents to service of process in the manner provided for notices
in Section 17 hereof. Nothing in this Guaranty Agreement or any other Loan Document will affect the right of any party to
this Guaranty Agreement to serve process in any other manner permitted by law. Each Guarantor hereby irrevocably designates, appoints
and empowers Holdings with offices at 25 Ropemaker Street, 4th floor Ropemaker Place, London, United Kingdom EC2Y 9LY; Attn: Sari
Granat, Executive Vice President and General Counsel, Telephone: +44 20 7260 2000; Email: sari.granat@ihsmarkit.com as its designee,
appointee and agent to receive, accept and acknowledge for and on its behalf, and in respect of its property, service of any and
all legal process, summons, notices and documents which may be served in any such action or proceeding. Holdings accepts such
appointment and agrees to so act on the behalf of each Guarantor hereunder until the Full Satisfaction of the Obligations guaranteed
hereby. If for any reason Holdings shall cease to be available to act as such, each Guarantor agrees to designate a new designee,
appointee and agent in the United States on the terms and for the purposes of this provision satisfactory to the Administrative
Agent under this Agreement.

 

31.       Waiver
of Jury Trial. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO
A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS GUARANTY AGREEMENT, ANY OTHER
LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY
HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE,
THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT
IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS GUARANTY AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS
AND CERTIFICATIONS IN THIS Section.

 

32.       Headings.
All section headings used herein are for convenience of reference only, are not part of this Guaranty Agreement and shall not
affect the construction of, or be taken into consideration in interpreting, this Guaranty Agreement.

 

33.       Enforcement
Action Against Swiss Guarantor to recover Up- and Cross-stream Obligations; Swiss Withholding Tax. Each Swiss Guarantor, against
whom any Up- and Cross-stream Obligations are being enforced shall, as concerns the proceeds resulting from such enforcement:

 

   (a)       if
and to the extent required by applicable law in force at the relevant time:

 

(i)       use
its reasonable endeavours to procure that such enforcement proceeds can be used to discharge its Up- and Cross-stream Obligations
without deduction of the taxes imposed under the Swiss Federal Act on the Withholding Tax of October 13, 1965 (Bundesgesetz
vom 13. Oktober 1965 über die Verrechnungssteuer) (the “Swiss Withholding Tax”) by discharging the
liability of such tax by notification pursuant to applicable law rather than payment of the tax;

 

    

     

    

(ii)       if
the notification procedure pursuant to subsection (i) above does not apply, deduct the Swiss Withholding Tax at such rate (currently
35 %) as in force from time to time from any such enforcement proceeds and promptly pay any such Swiss Withholding Tax deducted
to the Swiss Federal Tax Administration; and

 

(iii)       notify
the Administrative Agent that such notification or, as the case may be, deduction has been made, and provide the Administrative
Agent with evidence that such a notification of the Swiss Federal Tax Administration has been made or, as the case may be, such
Swiss Withholding Tax deducted has been paid to the Swiss Federal Tax Administration; and

 

     (b)       use
its reasonable endeavours to procure that any Person who is entitled to a full or partial refund of the Swiss Withholding Tax
deducted from such enforcement proceeds will promptly after such deduction:

 

(i)       request
a refund of the Swiss Withholding Tax under applicable law (including tax treaties); and

 

(ii)       pay
to the Administrative Agent upon receipt any amount so refunded; and

 

(iii)       notwithstanding
anything to the contrary in the Loan Documents, not be required to gross up, indemnify or hold harmless any Loan Party for the
deduction of Swiss Withholding Tax with respect to the enforcement proceeds applied to the Up- and Cross-stream Obligations.

 

34.       Keepwell.
Each Qualified ECP Guarantor hereby jointly and severally absolutely, unconditionally, and irrevocably undertakes to provide such
funds or other support as may be needed from time to time by each other Guarantor that is not a Qualified ECP Guarantor to honor
all of its obligations under this Guaranty Agreement in respect of any Swap Obligation that would otherwise be an Excluded Swap
Obligation (provided, however, that each Qualified ECP Guarantor shall only be liable under this Section 34 for the maximum amount
of such liability that can be hereby incurred without rendering its obligations under this Section 34, or otherwise under this
Guaranty Agreement, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater
amount). The obligations of each Qualified ECP Guarantor under this Section 34 shall remain in full force and effect until the
payment in full and discharge of the Obligations guaranteed under this Guaranty Agreement Each Qualified ECP Guarantor intends
that this Section 34 constitute, and this Section 34 shall be deemed to constitute, a “keepwell, support, or other agreement”
for the benefit of each other Loan Party for all purposes of section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

 

35.       Direct
Obligations. For the avoidance of doubt, this Agreement (including, without limitation, Section 2 hereof) shall not limit
or be construed to limit any payment or performance obligations of Holdings and its Subsidiaries under the Credit Agreement, any
notes delivered in connection therewith, and/or any Hedge Agreement.

 

    

     

    

EXECUTED
as of the date first written above.

 

	 	GUARANTORS:
	 	 
	 	IHS Markit Ltd. 
	 	 	 	 
	 	By:	/s/ Todd Hyatt
	 	 	Name: Todd Hyatt
	 	 	Title:   Executive Vice President and Chief Financial Officer
	 	 	 	 
	 	 	 	 
	 	MARKIT GROUP LIMITED 
	 	 	 
	 	By:	/s/ Todd Hyatt
	 	 	Name: Todd Hyatt
	 	 	Title:   Director
	 	 	 	 
	 	 	 	 
	 	MARKIT NORTH AMERICA INC. 
	 	 	 	 
	 	By:	/s/ Lance Uggla
	 	 	Name: Lance Uggla
	 	 	Title:   Vice President
	 	 	 
	 	 	 
	 	IHS INC.
	 	IHS GLOBAL INC.
	 	R. L. Polk & Co. 
	 	 	 
	 	By:   	/s/ Jonathan Gear
	 	 	Name: Jonathan Gear
	 	 	Title:   President
	 	 	 
	 	 	 
	 	Carfax, inc. 
	 	 	 
	 	By:	/s/ Richard Raines
	 	 	Name: Richard Raines
	 	 	Title:   President	 

 

    

     

    

 

	 	IHS Global SA
	 	 	 	 
	 	By:	/s/ Christopher McLoughlin
	 	 	Name: Christopher McLoughlin
	 	 	Title:   Authorized Signatory
	 	 
	 	 
	 	IHS Global Canada Limited
	 	 
	 	By:	/s/ Christopher McLoughlin
	 	 	Name: Christopher McLoughlin
	 	 	Title:   Vice President
	 	 
	 	 
	 	IHS Global Limited
	 	 
	 	By:	/s/ Christopher McLoughlin
	 	 	Name: Christopher McLoughlin
	 	 	Title:   Director

 

    

     

    

EXHIBIT “A”

TO

 

Guaranty
Agreement

 

Subsidiary
Joinder Agreement

 

 

 

 

 

 

 

    EXHIBIT “A” to GUARANTY AGREEMENT

     

    

SUBSIDIARY
JOINDER AGREEMENT

 

This SUBSIDIARY
JOINDER AGREEMENT (the “Agreement”) dated as of ____________________, ____ is executed by the undersigned (the
“Guarantor”) for the benefit of Bank of America, N.A., in its capacity as administrative agent for the lenders
party to the hereafter identified Credit Agreement (in such capacity herein, the “Administrative Agent”) and
for the benefit of the other Guaranteed Parties in connection with that certain Credit Agreement dated as of January 26, 2017,
among IHS Markit Ltd. (“Holdings”), Markit Group Holdings Limited, as borrower (the “Borrower”),
the lenders party thereto and the Administrative Agent (such Credit Agreement, as it may hereafter be amended or otherwise modified
from time to time, being hereinafter referred to as the “Credit Agreement”, and capitalized terms not otherwise
defined herein shall have the same meaning as set forth in the Credit Agreement).

 

The Guarantor
is required to execute this Agreement pursuant to Section 5.09 of the Credit Agreement.

 

NOW THEREFORE,
in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the Guarantor hereby agrees as follows:

 

1.       The
Guarantor hereby assumes all the obligations of a “Guarantor” under the Guaranty Agreement and agrees that it is a
“Guarantor” and bound as a “Guarantor” under the terms of the Guaranty Agreement as if it had been an
original signatory thereto. In accordance with the foregoing and for valuable consideration, the receipt and adequacy of which
are hereby acknowledged, Guarantor irrevocably and unconditionally guarantees to the Administrative Agent and the other Guaranteed
Parties the full and prompt payment and performance of the Guaranteed Indebtedness (as defined in the Guaranty Agreement) upon
the terms and conditions set forth in the Guaranty Agreement.

 

2.       This
Agreement shall be deemed to be part of, and a modification to, the Guaranty Agreement and shall be governed by all the terms
and provisions of the Guaranty Agreement, which terms are incorporated herein by reference, are ratified and confirmed and shall
continue in full force and effect as valid and binding agreements of the Guarantor enforceable against the Guarantor. The Guarantor
hereby waives notice of the Administrative Agent’s or any other Guaranteed Parties’ acceptance of this Agreement.

 

IN WITNESS
WHEREOF, the Guarantor has executed this Agreement as of the day and year first written above.

 

	 	Guarantor:
	 	 	 	 
	 	 	 	 
	 	By:   	 
	 		Name:   	 
	 		Title:	 

 

    
SUBSIDIARY JOINDER AGREEMENTExhibit 10.1

 

EXECUTION COPY

 

VOTING AND SUPPORT AGREEMENT

 

THIS VOTING AND SUPPORT AGREEMENT (this “Agreement”) is entered into as of January 26, 2017, by and among Midland States Bancorp, Inc., an Illinois corporation (“Acquiror”), Sentinel Acquisition, LLC, a Delaware limited liability company (“Merger Sub”), and those stockholders of the Company whose names appear on the signature page of this Agreement (such stockholders collectively referred to in this Agreement as the “Principal Stockholders,” and individually as a “Principal Stockholder”).

 

RECITALS

 

A.                           As of the date hereof, each Principal Stockholder is the owner and controls voting power of the number of shares of the Company’s common stock, $0.01 par value per share (“Company Common Stock”), as is set forth opposite such Principal Stockholder’s name on the signature page attached hereto.

 

B.                           Acquiror is contemplating the acquisition of Centrue Financial Corporation, a Delaware corporation (the “Company”), by means of a merger (the “Merger”) of the Company with and into Merger Sub, all pursuant to an Agreement and Plan of Merger to be dated as of January 26, 2017 (the “Merger Agreement”), among Acquiror, Merger Sub and the Company.

 

C.                           Acquiror and Merger Sub are unwilling to expend the substantial time, effort and expense necessary to implement the Merger, including applying for and obtaining necessary approvals of regulatory authorities, unless all of the Principal Stockholders enter into this Agreement.

 

D.                           Each Principal Stockholder believes it is in his, her or its best interest as well as the best interest of the Company for Acquiror, Merger Sub and the Company to consummate the Merger.

 

AGREEMENTS

 

In consideration of the foregoing premises, which are incorporated herein by this reference, and the covenants and agreements of the parties herein contained, and as an inducement to Acquiror and Merger Sub to enter into the Merger Agreement and to incur the expenses associated with the Merger, the parties hereto, intending to be legally bound, hereby agree as follows:

 

Section 1.              Representations and Warranties.  Each Principal Stockholder represents and warrants that as of the date hereof, he, she or it: (a) owns beneficially and of record the number of shares of Company Common Stock as is set forth opposite such Principal Stockholder’s name on the signature page attached hereto; (b) has the sole, or joint with any other Principal Stockholder, voting power with respect to such shares of Company Common Stock; and (c) has all necessary power and authority to enter into this Agreement, and further represents and warrants that this Agreement is the legal, valid and binding agreement of such Principal Stockholder, and is enforceable against such Principal Stockholder in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization or other laws affecting creditors’ rights generally and subject to general principles of equity.

 

Section 2.              Voting Agreement.  Each Principal Stockholder hereby agrees that at any meeting of the Company’s stockholders however called, and any adjournment or postponement thereof, and in any action by written consent of the Company’s stockholders, such Principal Stockholder shall vote, or cause to be voted, all shares of Company Common Stock owned or controlled by him, her or it at the time of such meeting of the Company’s stockholders: (a) in favor of adoption of the Merger Agreement and the approval of the Merger and the other transactions contemplated by the Merger Agreement; (b) against any tender or exchange offer to acquire more than fifteen percent (15%) of the voting power in the Company or any of its subsidiaries, any proposal for a merger, consolidation or other

 

 

business combination involving the Company or any of its subsidiaries, or any other proposal or offer to acquire in any manner more than fifteen percent (15%) of the voting power in, or more than fifteen percent (15%) of the business, assets or deposits of, the Company or any of its subsidiaries, other than the transactions contemplated by the Merger Agreement, in each case involving any party other than Acquiror or an affiliate of Acquiror (an “Acquisition Proposal”); and (c) against any action or agreement that could reasonably be expected to result in a material breach of any covenant, representation or warranty or any other obligation of the Company under the Merger Agreement, or in any manner prevent or materially impede, interfere with or delay the Merger, the adoption of the Merger Agreement or the consummation of any of the transactions involving Acquiror and Merger Sub contemplated by the Merger Agreement.

 

Section 3.              Additional Covenants.  Except as required by law, each Principal Stockholder agrees that he, she or it will:

 

(a)                                 not engage in any activities, discussions or negotiations with any persons or entities other than Acquiror with respect to any Acquisition Proposal;

 

(b)                                 not vote or execute any written consent to rescind or amend in any manner any prior vote or written consent to approve or adopt the Merger Agreement or any of the transactions contemplated thereby;

 

(c)                                  use his, her or its best efforts to cause any necessary meeting of the Company’s stockholders to be duly called and held, or any necessary consent of stockholders to be obtained, for the purpose of approving or adopting the Merger Agreement and the transactions contemplated thereby;

 

(d)                                 cause each of his, her or its affiliates to cooperate fully with Acquiror in connection with the Merger Agreement and the transactions contemplated thereby; and

 

(e)                                  execute and deliver such additional instruments and documents and take such further action as may be reasonably necessary to effectuate and comply with his, her or its respective obligations under this Agreement.

 

Section 4.              No Dissent.  Each Principal Stockholder hereby waives, and agrees that he, she or it will not exercise, any rights of dissent or appraisal provided under the Merger Agreement, any applicable laws (including the General Corporation Law of the State of Delaware (the “DGCL”)) or otherwise in connection with the approval of the Merger or any of the other transactions contemplated by the Merger Agreement.

 

Section 5.              Termination.  Notwithstanding any other provision of this Agreement, this Agreement shall automatically terminate on the earlier of:  (a) the second anniversary of the date hereof, (b) the date of termination of the Merger Agreement in accordance with its terms; and (c) the date, if any, on which the Company publicly discloses that the board of directors of the Company (the “Company Board”) has withdrawn, qualified or adversely modified its recommendation to the stockholders of the Company that the Company’s stockholders vote in favor of the adoption of the Merger Agreement, in each case because the Company Board has determined in good faith, after consultation with outside counsel, that to, or to continue to, recommend the Merger Agreement to the Company’s stockholders would result in a violation of its fiduciary duties under applicable law.  In addition, each Principal Stockholder’s obligations under Section 2 and Sections 3(a) — (c) of this Agreement shall terminate upon the adoption of the Merger Agreement by the Company’s stockholders in accordance with the requirements of the DGCL; provided such Principal Stockholder has complied in all respects with its obligations under Sections 2 and 3.

 

2

 

Section 6.              Amendment and Modification.  This Agreement may be amended, modified or supplemented at any time by the written approval of such amendment, modification or supplement by Acquiror, Merger Sub and all of the Principal Stockholders.

 

Section 7.              Entire Agreement.  This Agreement evidences the entire agreement among the parties hereto with respect to the matters provided for herein and there are no agreements, representations or warranties with respect to the matters provided for herein other than those set forth herein and in the Merger Agreement and any written agreements related thereto.  Except for the Merger Agreement, this Agreement supersedes any agreements among any of the Principal Stockholders and Acquiror or Merger Sub concerning the acquisition, disposition or control of any shares of Company Common Stock or shares of Preferred Stock, no par value per share, of the Company (the “Company Preferred Stock” and, together with the Company Common Stock, the “Company Capital Stock”).

 

Section 8.              No Economic Benefit; Absence of Control.  Nothing contained in this Agreement shall be deemed to vest in Acquiror any direct or indirect ownership or incidence of ownership of or with respect to any of the Company Capital Stock.  All rights, ownership and economic benefits of and relating to the Company Capital Stock shall remain and belong to the applicable stockholder and Acquiror shall have no power or authority to direct any stockholder in the voting of any of the Company Capital Stock or the performance by any stockholder of his, her or its duties or responsibilities as a stockholder of the Company, except as otherwise provided herein.  Subject to any specific provisions of this Agreement, it is the intent of the parties to this Agreement that neither Acquiror nor Merger Sub, by reason of this Agreement, shall be deemed (until consummation of the transactions contemplated by the Merger Agreement) to control, directly or indirectly, the Company and shall not exercise, or be deemed to exercise, directly or indirectly, a controlling influence over the management or policies of the Company.  For the avoidance of doubt, this Agreement is a voting and support agreement only, and is not to be interpreted as a written consent to the Merger or as granting Acquiror a proxy to vote the Company Common Stock subject to this Agreement.

 

Section 9.              Informed Action.  Each Principal Stockholder acknowledges that he, she or it has had an opportunity to be advised by counsel of his, her or its choosing with regard to this Agreement and the transactions and consequences contemplated hereby.  Each Principal Stockholder further acknowledges that he, she or it has received a copy of the Merger Agreement and is familiar with its terms.

 

Section 10.       Severability.  The parties agree that if any provision of this Agreement shall under any circumstances be deemed invalid or inoperative, this Agreement shall be construed with the invalid or inoperative provisions deleted and the rights and obligations of the parties shall be construed and enforced accordingly.

 

Section 11.       Notices.  All notices, requests, claims, demands, and other communications hereunder shall be in writing and shall be deemed to have been given:  (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); (c) on the date sent by facsimile or e-mail of a portable data file (pdf) of the document (with confirmation of transmission) if sent during normal business hours of the recipient, and on the next business day if sent after normal business hours of the recipient; or (d) on the fifth (5th) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid.  Such communications must be sent to the respective parties at the following addresses (or at such other address for a party as shall be specified in a notice given in accordance with this Section 11):

 

3

 

	
If to Acquiror   or Merger Sub, to:
    
	
 
    
	
Midland States   Bancorp, Inc.
    
	
1201 Network   Centre Drive
    
	
Effingham, IL   62401
    
	
Facsimile: 
    	
(217) 342-9462
    
	
Attention:  
    	
Jeffrey G. Ludwig
    
	
 
    	
Executive Vice President
    
	
 
    
	
with copies,   which shall not constitute notice, to:
    
	
 
    
	
Barack Ferrazzano Kirschbaum & Nagelberg   LLP 
    
	
200 W. Madison   Street, Suite 3900
    
	
Chicago, Illinois   60606
    
	
Electronic Mail:   dennis.wendte@bfkn.com
    
	
Facsimile: 
    	
(312) 984-3150
    
	
Attention: 
    	
Dennis R. Wendte
    
	
 
    
	
If to a   Principal Stockholder, to the mailing address,   e-mail address or facsimile number set forth for such Principal Stockholder   on the signature page hereof
    
	
 
    
	
with copies,   which shall not constitute notice, to:
    
	
 
    
	
Howard &   Howard Attorneys PLLC
    
	
200 S. Michigan Ave. #1100
    
	
Chicago, Illinois   60604
    
	
Electronic Mail:   mbr@h2law.com
    
	
Facsimile: 
    	
(312) 939-5617
    
	
Attention: 
    	
Mark Ryerson
    

 

Section 12.       Counterparts; Facsimile/PDF Signatures.  This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.  This Agreement may be executed and accepted by facsimile or portable data file (pdf) signature and any such signature shall be of the same force and effect as an original signature.

 

Section 13.       Governing Law; Venue; Waiver of Jury Trial.  All questions concerning the construction, validity and interpretation of this Agreement and the performance of the obligations imposed by this Agreement shall be governed by the internal laws of the State of Delaware applicable to Contracts made and to be performed in such state without regard to conflicts of laws.  Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts located in Illinois solely in respect of the interpretation and enforcement of the provisions of this Agreement and of the documents referred to in this Agreement, and in respect of the transactions contemplated hereby, and hereby waives, and agrees not to assert, as a defense in any action, suit or proceeding for the interpretation or enforcement hereof or of any such document, that it is not subject thereto or that such action, suit or proceeding may not be brought or is not maintainable in said court or that the venue thereof may not be appropriate or that this Agreement or any such document may not be enforced in or by such court, and the parties hereto irrevocably agree that all claims with respect to such action or proceeding shall be heard and determined in such court.  The parties hereby consent to and grant any such court jurisdiction over the person of such parties and agree that mailing of process or other papers in connection with any such action or proceeding in the manner provided under Section 11 or in such other manner as may be permitted by applicable law shall be valid and sufficient service thereof.  EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND

 

4

 

THEREFORE EACH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (i) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, TO IT THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (ii) EACH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (iii) EACH PARTY MAKES THIS WAIVER VOLUNTARILY AND (iv) EACH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS SET FORTH HEREIN.

 

Section 14.       Successors; Assignment.  This Agreement shall be binding upon and inure to the benefit of Merger Sub and Acquiror, and their successors and permitted assigns, and the Principal Stockholders and their respective directors and officers, successors and assigns, spouses, executors, personal representatives, administrators, heirs, legatees, guardians and other legal representatives.  This Agreement shall survive the death or incapacity of any Principal Stockholder.  This Agreement may be assigned only by Acquiror, and then only to an Affiliate of Acquiror.

 

Section 15.       Interpretation.  In this Agreement, unless otherwise stated or the context otherwise requires, the following uses apply: (i) references to a statute shall refer to the statute, as amended from time to time, and any successor statute, and to all regulations promulgated under or implementing the statute or its successor, as in effect at the relevant time; (ii) in computing periods from a specified date to a later specified date, the words “from” and “commencing on” (and the like) mean “from and including,” and the words “to,” “until” and “ending on” (and the like) mean “to, but excluding”; (iii) “including” means “including, but not limited to”; (iv) all words used in this Agreement will be construed to be of such gender or number as the circumstances and context require; (v) the captions and headings of articles and sections of Agreement have been inserted solely for convenience of reference and shall not be considered a part of this Agreement nor shall any of them affect the meaning or interpretation of this Agreement or any of its provisions; and (vi) any reference to a document or set of documents in this Agreement, and the rights and obligations of the parties under any such documents, means such document or documents as amended from time to time, and any and all modifications, extensions, renewals, substitutions or replacements thereof.  With regard to each and every term and condition of this Agreement and any and all agreements and instruments subject to the terms hereof, the parties hereto understand and agree that the same have or has been mutually negotiated, prepared and drafted, and that if at any time the parties hereto desire or are required to interpret or construe any such term or condition or any agreement or instrument subject hereto, no consideration shall be given to the issue of which party hereto actually prepared, drafted or requested any term or condition of this Agreement or any agreement or instrument subject hereto.

 

Section 16.       Directors and Officers.  The parties hereto acknowledge that each Principal Stockholder is entering into this Agreement solely in his, her or its capacity as a stockholder of the Company and, notwithstanding anything to the contrary in this Agreement, nothing in this Agreement is intended or shall be construed to require any Principal Stockholder, in his or her capacity as a director and/or officer of the Company and/or Centrue Bank, as applicable, to act or fail to act in accordance with his, her or its fiduciary duties in such director and/or officer capacity.  Furthermore, no Principal Stockholder makes any agreement or understanding herein in his, her or its capacity as a director and/or officer of the Company and/or Centrue Bank.

 

[THE REMAINDER OF THIS PAGE IS LEFT INTENTIONALLY BLANK]

 

[SIGNATURE PAGES FOLLOW]

 

5

 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement individually, or have caused this Agreement to be executed by their respective officers, on the day and year first written above.

 

	
 
    	
MIDLAND STATES   BANCORP, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Douglas J. Tucker
    
	
 
    	
Douglas J. Tucker
    
	
 
    	
Senior Vice   President & Corporate Counsel
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SENTINEL ACQUISITION, LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Douglas J. Tucker
    
	
 
    	
Douglas J. Tucker
    
	
 
    	
Secretary
    

 

[SIGNATURE PAGE OF VOTING AND SUPPORT AGREEMENT]

 

 

	
 
    	
 
    	
NUMBER & 
    
	
 
    	
 
    	
CLASS OF 
    
	
PRINCIPAL STOCKHOLDERS
    	
 
    	
SHARES OWNED
    
	
 
    	
 
    	
 
    
	
/s/ Kurt Stevenson 
    	
 
    	
30,007
    
	
Signature
    	
 
    	
 
    
	
 
    	
 
    	
Common
    
	
 
    	
 
    	
 
    
	
Kurt Stevenson 
    	
 
    	
 
    
	
Printed Name
    	
 
    	
 
    

 

[SIGNATURE PAGE OF VOTING AND SUPPORT AGREEMENT CONTINUED]

 

 

	
 
    	
 
    	
NUMBER & 
    
	
 
    	
 
    	
CLASS OF 
    
	
PRINCIPAL STOCKHOLDERS
    	
 
    	
SHARES OWNED
    
	
 
    	
 
    	
 
    
	
/s/ Dennis Battles
    	
 
    	
6,250
    
	
Signature
    	
 
    	
 
    
	
 
    	
 
    	
Common
    
	
 
    	
 
    	
 
    
	
Dennis Battles
    	
 
    	
 
    
	
Printed Name
    	
 
    	
 
    

 

[SIGNATURE PAGE OF VOTING AND SUPPORT AGREEMENT CONTINUED]

 

 

	
 
    	
 
    	
NUMBER & 
    
	
 
    	
 
    	
CLASS OF 
    
	
PRINCIPAL STOCKHOLDERS
    	
 
    	
SHARES OWNED
    
	
 
    	
 
    	
 
    
	
/s/ David Butler 
    	
 
    	
4,166
    
	
Signature
    	
 
    	
 
    
	
 
    	
 
    	
Common
    
	
 
    	
 
    	
 
    
	
David Butler 
    	
 
    	
 
    
	
Printed Name
    	
 
    	
 
    

 

[SIGNATURE PAGE OF VOTING AND SUPPORT AGREEMENT CONTINUED]

 

 

	
 
    	
 
    	
NUMBER & 
    
	
 
    	
 
    	
CLASS OF 
    
	
PRINCIPAL STOCKHOLDERS
    	
 
    	
SHARES OWNED
    
	
 
    	
 
    	
 
    
	
/s/ Randall Ganim 
    	
 
    	
8,895
    
	
Signature
    	
 
    	
 
    
	
 
    	
 
    	
Common
    
	
 
    	
 
    	
 
    
	
Randall Ganim 
    	
 
    	
 
    
	
Printed Name
    	
 
    	
 
    

 

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NUMBER & 
    
	
 
    	
 
    	
CLASS OF 
    
	
PRINCIPAL STOCKHOLDERS
    	
 
    	
SHARES OWNED
    
	
 
    	
 
    	
 
    
	
/s/ Richard Peterson 
    	
 
    	
8,333
    
	
Signature
    	
 
    	
 
    
	
 
    	
 
    	
Common
    
	
 
    	
 
    	
 
    
	
Richard Peterson 
    	
 
    	
 
    
	
Printed Name
    	
 
    	
 
    

 

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NUMBER & 
    
	
 
    	
 
    	
CLASS OF 
    
	
PRINCIPAL STOCKHOLDERS
    	
 
    	
SHARES OWNED
    
	
 
    	
 
    	
 
    
	
/s/ Scott Sullivan
    	
 
    	
6,518
    
	
Signature
    	
 
    	
 
    
	
 
    	
 
    	
Common
    
	
 
    	
 
    	
 
    
	
Scott Sullivan 
    	
 
    	
 
    
	
Printed Name
    	
 
    	
 
    

 

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NUMBER & 
    
	
 
    	
 
    	
CLASS OF 
    
	
PRINCIPAL STOCKHOLDERS
    	
 
    	
SHARES OWNED
    
	
 
    	
 
    	
 
    
	
/s/ Bradley Cooper
    	
 
    	
0
    
	
Signature
    	
 
    	
 
    
	
 
    	
 
    	
Common
    
	
 
    	
 
    	
 
    
	
Bradley Cooper 
    	
 
    	
 
    
	
Printed Name
    	
 
    	
 
    

 

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NUMBER & 
    
	
 
    	
 
    	
CLASS OF 
    
	
PRINCIPAL STOCKHOLDERS
    	
 
    	
SHARES OWNED
    
	
 
    	
 
    	
 
    
	
/s/ Derek Ferber 
    	
 
    	
0
    
	
Signature
    	
 
    	
 
    
	
 
    	
 
    	
Common
    
	
 
    	
 
    	
 
    
	
Derek Ferber 
    	
 
    	
 
    
	
Printed Name
    	
 
    	
 
    

 

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PRINCIPAL STOCKHOLDERS
    	
 
    	
NUMBER & 
   CLASS OF 
   SHARES OWNED
    
	
 
    	
 
    	
 
    
	
CAPITAL Z PARTNERS CENTRUE AIV,
    	
 
    	
1,533,333
    
	
L.P.
    	
 
    	
 
    
	
 
    	
 
    	
Common
    
	
 
    	
 
    	
 
    
	
By:
    	
Capital Z Partners III, Ltd.,
    	
 
    	
 
    
	
 
    	
its ultimate general partner
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
By: 
    	
/s/ Craig Fisher
    	
 
    	
 
    
	
Signature
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Craig Fisher
    	
 
    	
 
    
	
Printed Name
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
General Counsel
    	
 
    	
 
    
	
Title
    	
 
    	
 
    

 

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PRINCIPAL STOCKHOLDERS
    	
 
    	
NUMBER &
   CLASS OF
   SHARES OWNED
    
	
 
    	
 
    	
 
    
	
FINANCIAL OPPORTUNITY FUND LLC
    	
 
    	
125,000
    
	
 
    	
 
    	
 
    
	
By:
    	
FJ Capital Management LLC
    	
 
    	
Common
    
	
 
    	
its Managing Member
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
By: 
    	
/s/ Martin Friedman
    	
 
    	
 
    
	
Signature
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Martin Friedman
    	
 
    	
 
    
	
Printed Name
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Managing Member
    	
 
    	
 
    
	
Title
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
BRIDGE EQUITIES III, LLC
    	
 
    	
511,911
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Common
    
	
 
    	
 
    	
 
    
	
By: 
    	
/s/ Martin   Friedman
    	
 
    	
 
    
	
Signature
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Martin Friedman
    	
 
    	
 
    
	
Printed Name
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Managing Member of FJ Capital
    	
 
    	
 
    
	
Management LLC
    	
 
    	
 
    
	
Title
    	
 
    	
 
    

 

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Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00266-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00266-of-00352.parquet"}]]