SEC Contract Filing

Filing Date: 2024-04-29

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>ny20027917x1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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 <div style="text-align: right;">Exhibit 10.1<br>
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 <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">UMB SUPPORT AGREEMENT</p>
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 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Support Agreement (this &#8220;<u>Agreement</u>&#8221;), dated as of April 28, 2024, is entered into by and between Heartland Financial USA, Inc., a
 Delaware corporation (&#8220;<u>HTLF</u>&#8221;), and the undersigned shareholder (the &#8220;<u>Shareholder</u>&#8221;) of UMB Financial Corporation, a Missouri corporation (&#8220;<u>UMB</u>&#8221;).</p>
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 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, subject to the terms and conditions of the Agreement and Plan of Merger (as the same may be amended, supplemented or modified, the &#8220;<u>Merger

 Agreement</u>&#8221;), dated as of the date hereof, by and among UMB, HTLF, and Blue Sky Merger Sub Inc., a Delaware corporation and a direct, wholly owned subsidiary of UMB (&#8220;<u>Merger Sub</u>&#8221;), (i) Merger Sub will be merged with and into HTLF (the &#8220;<u>Merger</u>&#8221;),

 with HTLF as the surviving corporation (sometimes referred to in such capacity as the &#8220;<u>Surviving Entity</u>&#8221;) and (ii) immediately following the Merger and as part of a single, integrated transaction, UMB shall cause the Surviving Entity to be
 merged with and into UMB (the &#8220;<u>Second Step Merger</u>,&#8221; and, together with the Merger, the &#8220;<u>Mergers</u>&#8221;), with UMB as the surviving corporation in the Second Step Merger;</p>
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 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, as of the date of this Agreement, the Shareholder owns beneficially or of record, and has the sole power to vote or direct the voting
 of, the shares of common stock, par value $1.00 per share, of UMB (the &#8220;<u>Common Stock</u>&#8221;) as set forth on <b><u>Schedule A</u></b> hereto (all such shares, the &#8220;<u>Existing Shares</u>&#8221;);</p>
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 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Board of Directors of UMB has unanimously determined that the Merger Agreement and the transactions contemplated thereby,
 including the Merger and the UMB Articles Amendment, are in the best interests of UMB and UMB&#8217;s shareholders and declared the Merger Agreement advisable, approved the consummation, delivery and performance by UMB of the Merger Agreement and
 resolved to recommend that UMB&#8217;s shareholders approve the UMB Share Issuance and the UMB Articles Amendment and submit the UMB Share Issuance and the UMB Articles Amendment to UMB&#8217;s shareholders for approval; and</p>
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 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Shareholder is supportive of the Merger Agreement and the transactions contemplated thereby, including the UMB Share Issuance and
 the UMB Articles Amendment, and has determined that it is in his best interests to enter into this Agreement to provide for his support for the Merger Agreement and such transactions, and this Agreement is further a condition and inducement for
 HTLF to enter into the Merger Agreement.</p>
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 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW THEREFORE, in consideration of the foregoing, the mutual covenants and agreements set forth herein, and other good and valuable
 consideration, the receipt and sufficiency of which are hereby acknowledged, intending to be legally bound, the parties hereto agree as follows:</p>
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 <td style="width: 0.5in">1.</td>
 <td style="text-align: justify"><b><u>Definitions</u>.</b> Capitalized terms not defined in this Agreement have the meanings assigned to those terms in the Merger Agreement.</td>
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