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|                                                                                                                            |
|----------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                            |  |
| If to First Merchants:                                                                                                     | With a copy to: |
| 200 E. Jackson StreetMuncie, IN  47305Attn:  Michael C. RechinPresident and Chief Executive OfficerFAX:  (765) 741-7283    | Bingham Greenebaum Doll LLP2700 Market Tower10 West Market StreetIndianapolis, Indiana  46204-2982Attn:  Jeremy E. Hill, Esq.FAX:  (317) 236-9907 |
| If to Ameriana Bancorp:                                                                                                    | With a copy to: |
| 2118 Bundy AvenueNew Castle, Indiana  47362Attn:  Jerome J. GassenPresident and Chief Executive OfficerFAX: (765) 529-2232 | Kilpatrick Townsend & Stockton LLP607 14th Street, NW, Suite 900Washington, DC 20005-2018Attn:  Gary R. Bronstein, Esq.FAX: (202) 204-5616 |

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|        |
|--------|
|        |  |
|   | FIRST MERCHANTS CORPORATIONBy:        /s/  Michael C. Rechin       Michael C. Rechin, President    and Chief Executive Officer |
|   | AMERIANA BANCORP, INC.By:        /s/  Jerome J. Gassen       Jerome J. Gassen, President    and Chief Executive Officer |

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |  |
| "FMB"                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | FIRST MERCHANTS BANK,                     NATIONAL ASSOCIATON,                              a national bank,By:                                                    Printed:     Michael C. Rechin          Its: President and Chief Executive Officer |
|     ATTEST:                                                                      Secretary/Cashier  |   |
| "BANK"                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | AMERIANA BANK,                                    an Indiana state commercial bank,By:                                                    Printed:     Jerome J. Gassen             Its: President and Chief Executive Officer |
|     ATTEST:                                                                      Secretary/Cashier  |   |