Exhibit 3
VOTING AGREEMENT
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THIS VOTING AGREEMENT is entered into this 28th day of August, 2002, by
and among FIRST MERCHANTS CORPORATION ("First Merchants") and the undersigned
shareholders of CNBC Bancorp (collectively, the "Shareholders").
W I T N E S S E T H:
In consideration of the execution by First Merchants of the Agreement of
Reorganization and Merger between First Merchants and CNBC Bancorp ("CNBC") of
even date herewith (the "Merger Agreement"), the undersigned Shareholders of
CNBC hereby agree that each of them shall (i) cause all CNBC common shares owned
by him/her of record and beneficially, including, without limitation, all shares
owned by him/her individually and shares owned by any minor children and (ii)
use best efforts to cause all shares owned by his/her spouse individually (of
record or beneficially), all shares owned jointly by him/her and his/her spouse,
all shares owned by any business of which any of the Shareholders who are
directors are the principal shareholders, and specifically including all shares
shown as owned directly or beneficially by each of them on EXHIBIT A attached
hereto (collectively, the "Shares"), to be voted in favor of the merger of CNBC
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 CNBC
called for that purpose. This Voting Agreement shall be governed by and
construed in accordance with the laws of the State of Ohio, without regard to
conflict of laws provisions thereof. This Agreement may be executed in
counterparts, each of which 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 Voting Agreement shall terminate
contemporaneously with the termination of the Merger Agreement.
[Signatures appear on next four pages]
IN WITNESS WHEREOF, First Merchants and each of the undersigned
Shareholders of CNBC have made and executed this Voting Agreement as of the day
and year first above written, and First Merchants has caused this Voting
Agreement to be executed and attested by its duly authorized officers.
FIRST MERCHANTS CORPORATION
By: /s/ Xxxxxxx X. Xxx
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Xxxxxxx X. Xxx,
President and Chief Executive Officer
ATTEST:
/s/ Xxxxx X. Xxxxx
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Xxxxx X. Xxxxx, Secretary
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PAGE 4
FAIRWOOD INVESTMENT CO.
By: /s/ Xxxxxxx Xxxxx, Xx.
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Xxxxxxx Xxxxx, Xx., Vice President
CRANE GROUP RETIREMENT PLAN
By: /s/ Xxxxxxx Xxxxx, Xx.
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Xxxxxxx Xxxxx, Trustee
XXXXX X. XXXX TRUST
By: /s/ Xxxxx X. Xxxx
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Xxxxx X. Xxxx, Trustee
XXXX XXXXX TRUST
By: /s/ Xxxx Xxxxx Xxxx
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Xxxx Xxxxx Xxxx, Trustee
CORNA & XXXXXXXX INVESTMENT COMPANY
By: /s/ Xxxx X. Xxxxx
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Xxxx X. Xxxxx, Partner
DRK FAMILY LIMITED PARTNERSHIP
By
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Xxxxxx X. Xxxxxx, General Partner
MJK FAMILY LIMITED PARTNERSHIP
By:
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Xxxxxx X. Xxxxxx, General Partner
JMK FAMILY LIMITED PARTNERSHIP
By:
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Xxxxxx X. Xxxxxx, General Partner
FEM FAMILY LIMITED PARTNERSHIP
By:
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Xxxxxx X. Xxxxxx, General Partner
Exhibit A to Voting Agreement dated August 28, 2002
Company
Name Individual Joint Spouse Children & Other Total
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XxXxxxxxx 42,293 41,510 7,920 91,723
Xxxxxx 7,560 7,560
Corna 8,389 5,610 13,999 Corna & XxXxxxxx Investment Company
Crane 7,920 75,570 83,490 Crane Group Retirement Plan/Fairwood Investment Co.
XxXxxxxxx 13,491 13,491
Gummer 20,855 2,224 8,309 31,388
Hoy 13,080 1,200 3,348 17,628
Xxxxxxx 100 100
Xxxxxx 106,590 8,500 115,090 Family Ltd Ptnships
XxXxxxxx 7,920 637 8,557
Xxxxxxxxxxx 8,981 600 675 10,256
Xxxx 43,462 2,595 46,057 Grandkids Trusts
Xxxx 69,018 2,808 12,300 84,126 ME Xxxx Trust
Xxxx 16,795 9,768 26,563
Xxxxx 24,393 24,393
Xxxxxx 83,685 83,685
Xxxx 100,815 100,815
Xxxxxx 78,627 2,460 81,087
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Total 463,599 234,746 25,145 11,943 104,575 840,008
