0001437749-16-027433 Sample Contracts

HMN FINANCIAL, INC. INCENTIVE STOCK OPTION AGREEMENT UNDER THE 2009 EQUITY INCENTIVE PLAN
Incentive Stock Option Agreement • March 11th, 2016 • HMN Financial Inc • Savings institution, federally chartered • Delaware

HMN Financial, Inc. (the “Company”), pursuant to its 2009 Equity Incentive Plan (the “Plan”), hereby grants an Option to purchase shares of the Company’s common stock to you, the Participant named below. The terms and conditions of the Option Award are set forth in this Agreement, consisting of this cover page and the Option Terms and Conditions on the following pages, and in the Plan document, a copy of which has been provided to you. Any capitalized term that is not defined in this Agreement shall have the meaning set forth in the Plan as it currently exists or as it is amended in the future.

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HMN FINANCIAL, INC. RESTRICTED STOCK AGREEMENT* (Executive Management Incentive Plan)
A Restricted Stock Agreement • March 11th, 2016 • HMN Financial Inc • Savings institution, federally chartered • Delaware

This is a Restricted Stock Agreement (“Agreement”) between HMN Financial, Inc., a Delaware corporation (the “Company”), and the Participant identified in the table above.

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