December , 2008Letter Agreement and Securities Purchase Agreement • December 23rd, 2008 • Hawthorn Bancshares, Inc. • National commercial banks
Hawthorn Bancshares, Inc. (the “Company”) is entering into a Letter Agreement and accompanying Securities Purchase Agreement — Standard Terms (collectively, the “Purchase Agreement”) with the United States Department of Treasury (“Treasury”) that provides for the Company’s participation in the Capital Purchase Program (“CPP”) established by the Treasury under the Emergency Economic Stabilization Act of 2008 (“EESA”). Pursuant to the Purchase Agreement, the Company will issue and sell, and the Treasury will purchase, shares of the Company’s preferred stock and warrants for the purchase of the Company’s common stock.
