Exhibit 10.3.2

 

 

SECOND AMENDMENT TO

 

PURCHASE AND LIMITED ASSUMPTION AGREEMENT OF BRANCH

 

THIS SECOND AMENDMENT TO PURCHASE AND LIMITED ASSUMPTION

AGREEMENT OF BRANCH (this "Second Amendment") made and entered into as of this
22d day of January, 2019 by and between Hawthorn Bank, a Missouri
state-chartered bank with its main office located in Jefferson City, Missouri
("Seller"), and Branson Bank, a Missouri state­ chartered bank with its main
office located in Branson, Missouri ("Buyer").

 

RECITALS:

 

WHEREAS, Buyer and Seller entered into a Purchase and Limited Assumption
Agreement of Branch on the 17th day of October, 2018 (hereinafter referred to as
the "Agreement"), and

 

WHEREAS, Buyer and Seller entered into a First Amendment of Purchase and Limited
Assumption Agreement on the 15th day of January, 2019 (hereinafter referred to
as the "First Amendment"), and

 

WHEREAS, Buyer and Seller again desire to amend one part of said Agreement,
while the balance of the Agreement, as amended by the First Amendment remains in
full force and effect as previously executed.

 

AGREEMENT:

 

NOW, THEREFORE, in consideration of the premises and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties, each intending to be legally bound, do hereby agree as follows:

 

1. Amendment   of  Purchase  Price.Section 3(a)(v) shall be amended to be

$2,992,260, and section 3(a)(vi) shall be amended to be zero.

 

2. Balance of Agreement Reaffirmed. Other than as amended in the First and
Second Amendments, the Agreement shall remain in full force and effect, and is
hereby reaffirmed in its entirety.

 

3. Governing Law. This Second Amendment shall be governed by the laws of the
State of Missouri and applicable federal laws and regulations.

 

4. Counterparts. This Second Amendment may be executed in any number of
counterparts and the counterparts, taken together, shall be deemed to form one
original instrument.

 

[signatures on following page]

 

 

 

 

 

 

 

 

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IN WTINESS WHEREOF, the parties hereto have duly executed this Second Amendment
as of the day and year first above written.

HAWTHORN BANK

 

 

 

 

 

 

By

/s/

David T. Turner

 

David T. Turner, CEO

 

 

 

BRANSON BANK

 

 

 

 

By

/s/

Bill W. Jones

 

Bill W. Jones, CEO

 

 

 

 

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