Document:

EXHIBIT 10.6.1

 

Silicon
Valley Bank

 

Amendment to Loan and Security Agreement

 

Borrower:             DPAC
Technologies Corp.

Dated:                    June
25, 2003

 

THIS AMENDMENT TO
LOAN AND SECURITY AGREEMENT (“Amendment”)  is
entered into between SILICON VALLEY BANK (“Bank”) and the borrower named above
(the “Borrower”).

 

Reference
is made to the Loan and Security Agreement between them dated August 30, 2002,
as amended from time to time (the “Loan Agreement”).  Capitalized terms used but not defined in this Amendment, shall
have the meanings set forth in the Loan Agreement.

 

Borrower
and Bank desire to modify the terms of the Loan Agreement and the parties agree
to do so as follows:

 

1.             New
Section 2.1.4.  A new section is hereby added to the Loan
Agreement to follow immediately after Section 2.1.3, which new section shall be
entitled “2.1.4.  Term Loan Advances”,
and which shall read as follows:

 

“2.1.4.    Term
Loan Advances.

 

“(a)         Through
February 28, 2004, Bank will make advances (individually referred to
herein as an “Term Loan Advance” and collectively as the “Term Loan Advances”)
in an aggregate amount not to exceed Four Million Dollars ($4,000,000).

(b)           Interest accrues
from the date of the making of each Term Loan Advance at the applicable
interest rates as set forth in Section 2.3(a) hereof and is payable as set
forth therein beginning on the first possible interest payment date following
the making of such Term Loan Advance. 
Borrower shall repay the aggregate amount of the Term Loan Advances to
Bank in forty-eight (48) equal monthly installments of principal beginning on
March 1, 2004 and continuing on the first day of each of the succeeding
forty-seven (47) months thereafter (such final installment payment date for the
Term Loan Advances is referred to herein as the “ Term Loan Maturity Date”),
with the understanding that on the Term Loan Maturity Date all Term Loan
Advances and all related Obligations shall be repaid in full. Term Loan
Advances when repaid may not be reborrowed.

(c)           To obtain a Term Loan Advance,
Borrower must notify Bank (the notice is irrevocable) by facsimile no later
than 12:00 p.m. Pacific time one Business Day before the day on which the Term
Loan Advance is to be made.  The notice
in the form of Exhibit B (Payment/Advance Form) must be signed by a
Responsible Officer or designee.  The
proceeds of each Term Loan Advances shall be used for general corporate
purposes.

 

2.             Revised
Section 2.3(a) and Section 2.3(b).  Subsections
(a) and (b) of Section  2.3 are hereby amended and restated to
read, respectively, as follows:

 

(a)           Interest Rate.  (i) Revolving Advances accrue interest
on the outstanding principal balance at a per annum rate equal to the Prime
Rate; and (ii) Term Loan Advances accrue interest on the outstanding principal balance
at a per annum rate equal to the Prime Rate plus the Applicable Margin (as
defined below).  After an Event of
Default, Obligations accrue interest at five (5) percentage points above the
rate effective immediately before the Event of Default. The interest rate
increases or

 

 

decreases when the Prime
Rate changes.  Interest is computed on a
360 day year for the actual number of days elapsed.

 

As used herein the term
“Applicable Margin” shall mean and refer to one-half of one percentage point
(.50%), provided if a Term Loan Advance in the amount of $4,000,000 is
made concurrently with the execution and delivery of the Amendment to Loan and
Security Agreement dated June 25, 2003 by and between Borrower and Bank, then
the Applicable Margin shall be one-quarter of one percentage point (.25%), provided,
further, if a Term Loan Advance of $4,000,000 is not so made but a Term
Loan Advance of at least $2,000,000 is made concurrently therewith, then the
Applicable Margin shall be three-eighths of one percentage point (.375%).

 

(b)           Payments.  Interest due on the Committed Revolving Line is payable on the 25th
day of each month.  Interest due on the
Term Loan Advances is payable on the 1st day of each month.  Bank may debit any of Borrower’s deposit
accounts for principal and interest payments owing or any amounts Borrower owes
Bank (Bank will promptly notify Borrower when it debits Borrower’s accounts and
these debits are not set-offs). 
Borrower may, however, provide written notice to Bank that it would like
to switch from such a payment procedure to a written billing notification, and
Bank agrees to implement such a change within a reasonable period of time after
receipt of Borrower written request therefor. 
Payments received after 12:00 noon Pacific time are considered received
at the opening of business on the next Business Day.  When a payment is due on a day that is not a Business Day, the
payment is due the next Business Day and additional fees or interest accrue.  ”

 

3.             Revised
Section 6.7.  Section
6.7 of the Loan Agreement is hereby amended to read as follows:

 

“6.7
Financial Covenant.

Borrower will maintain
at all times and tested as of the last day of each month a ratio of
(A) Quick Assets to (B) Current Liabilities plus any other Obligations
of Borrower owing to Bank to the extent they are not otherwise categorized as
Current Liabilities of Borrower, of at least 1.50 to 1.00.”

 

4.             Revised Definitions.  It is hereby agreed
that the defined term of “Credit Extension” shall also include, without
limitation, all Term Loan Advances, and that the defined term “Obligations”
shall include all indebtedness and other obligations arising in connection with
the Term Loan  Advances.

5.             New Definitions.  Section 13 of the
Loan Agreement is hereby amended by adding the defined terms of “ Term Loan
Advance(s)” and “ Term Loan Maturity Date” thereto and inserting such
definitions in their appropriate alphabetical order in such Section:

“ ‘Term Loan Advance(s)’ shall have
the meaning set forth in Section 2.1.4 hereof.

 

‘Term Loan Maturity
Date’ shall
have the meaning set forth in Section 2.1.2A hereof.

 

6.             Fee.  Borrower
shall pay to Bank a facility fee in connection herewith in the amount of
$15,000 , which shall be in addition to interest and to all other amounts
payable under the Loan Agreement, and which shall not be refundable, provided,
however, such fee shall be eliminated entirely if a Term Loan Advance in
the amount of $4,000,000 is made concurrently herewith, provided, further,
if a Term Loan Advance of $4,000,000 is not made but a Term Loan Advance of at
least $2,000,000 is made, then no fee shall be payable but, instead, the
Borrower agrees to pay the Unused Line Fee (as defined below) during the term
of the Agreement.

 

Borrower hereby agrees
to pay to Bank the Unused Line Fee for term of the Loan Agreement, if such fee
is applicable based on the above provision. 
As used herein the term “Unused Line Fee” shall be an amount
equal to 0.375% per annum multiplied by the difference between $4,000,000 and
the average daily principal balance of the Term Loan Advances outstanding
during any, quarter prior to the later to occur of the Term Loan Maturity Date
or the date when any Term Loan Advances remain outstanding (the “Final Payment
Date”), which unused line fee shall be computed and paid quarterly, in arrears,
on the first day of the following quarter, or otherwise payable on

 

2

 

the
Final Payment Date (if such date is not the first day of a quarter) on a pro rata
basis for such period then ending.

 

7.             Conditions
to Effectiveness.  The following shall be conditions precedent
to the effectiveness of this Agreement:

 

7.1           Executed Counterparts; Certified
Resolutions.   Borrower shall
deliver to Bank fully executed and authorized counterparts of this Amendment
together with certified corporate resolutions relating hereto that authorize
the execution and delivery of this Amendment and the incurring of the
obligations referenced herein;

 

7.2           Payment of Fee.  Borrower shall pay to Bank the fee referred
to in Section 6 above, if applicable.

8.             Representations
True.   Borrower represents and warrants to Bank that
all representations and warranties in the Loan Agreement, as amended hereby,
are true and correct.

 

9.             General
Provisions.  The
amendments and modifications set forth in this Agreement shall be deemed
effective as of the date hereof when all conditions to effectiveness have been
satisfied, as Bank has determined.  This
Amendment, the Loan Agreement, any prior written amendments to the Loan
Agreement signed by Bank and the Borrower, and the other written documents and
agreements between Bank and the Borrower set forth in full all of the
representations and agreements of the parties with respect to the subject
matter hereof and supersede all prior discussions, representations, agreements
and under­standings between the parties with respect to the subject
hereof.  Except as herein expressly
amended, all of the terms and provisions of the Loan Agreement, and all other
documents and agreements between Bank and the Borrower shall continue in full
force and effect and the same are hereby ratified and confirmed.  This Agreement may be executed in any number
of counterparts, which when taken together shall constitute one and the same
agreement.

 

IN WITNESS WHEREOF, the
parties hereto have executed this Amendment as of the date first above written.

 

	
   

  	
  Borrower:

  	
  Bank:

  
	
   

  	
   

  	
   

  
	
   

  	
  DPAC TECHNOLOGIES CORP.

  	
  SILICON VALLEY BANK

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Title

  	
   

  	
   

  	
  Title

  	
   

  	
   

  
											

 

3Exhibit
10.10

 

 

STOCK PURCHASE AGREEMENT

 

GREAT WESTERN BANCORPORATION, INC.

 

 

TABLE OF
CONTENTS

Article

 

 

	
  I

  	
  RESTRICTIONS
  ON TRANSFER OF COMMON STOCK DURING LIFETIME

  
	
  II

  	
  PURCHASE OF COMMON
  STOCK ON DEATH OF A STOCKHOLDER – PUT AND CALL

  
	
  III

  	
  PURCHASE PRICE

  
	
  IV

  	
  PURCHASE UPON
  DISSATISFACTION OF PARTIES

  
	
   

  	
  (a)

  	
  Offer

  
	
   

  	
  (b)

  	
  No Action:  Offerees Sell

  
	
   

  	
  (c)

  	
  Offerees
  Accept:  Dissatisfied Party Sells

  
	
   

  	
  (d)

  	
  Dissatisfied
  Party and Certain Offerees Sell

  
	
   

  	
  (e)

  	
  Personal
  Obligation of Accepting Offerees

  
	
   

  	
  (f)

  	
  Personal
  Obligation of Dissatisfied Party

  
	
   

  	
  (g)

  	
  Conflicting Sale Terms

  
	
   

  	
  (h)

  	
  Death of a Stockholder

  
	
   

  	
  (i)

  	
  Regulatory

  
	
   

  	
  (j)

  	
  Due Diligence

  
	
  V

  	
  AUTOMATIC TERMINATION

  
	
  VI

  	
  AMENDMENT OR TERMINATION

  
	
  VII

  	
  BINDING UPON SUCCESSORS

  
	
  VIII

  	
  STOCK CERTIFICATE

  
	
  IX

  	
  PERFORMANCE
  BY THE COMPANY AND STOCKHOLDERS

  
	
  X

  	
  CONSENT OF STOCKHOLDERS

  
	
  XI

  	
  TRANSFERS TO
  CERTAIN RELATED PARTIES

  
	
  XII

  	
  DIVORCE- CREDITOR

  
	
  XIII

  	
  DELIVERY OF STOCK CERTIFICATE-
  PAYMENT

  
	
  XIV

  	
  REGULATORY

  
	
  XV

  	
  PREFERRED STOCK

  
	
  XVI

  	
  CHARITABLE GIFTS

  
	
  XVII

  	
  MISCELLANEOUS

  
	
  XVIII

  	
  GOVERNING LAW/TIME OF
  THE ESSENCE

  
	
  CERTIFICATE

  

 

i

 

STOCK PURCHASE AGREEMENT

GREAT WESTERN BANCORPORATION, INC.

 

This is a memorandum of agreement (the “Stock Purchase
Agreement” or “Agreement”) made the 8th day of October, 2003, by and among
Great Western Bancorporation, Inc., an Iowa corporation (hereinafter referred
to as the “Company”), and the undersigned who are the holders of all the issued
and outstanding common stock (the “Common Stock”) of the Company.  Holders of Common Stock may or may not own
certain preferred stock (the “Preferred Stock”) of the Company.  Events requiring or permitting the purchase,
transfer or sale of Common Stock may trigger the purchase, transfer or sale of
Preferred Stock pursuant to Article XV hereof, even though the event may be
described herein by reference only to Common Stock.

 

Daniel A. Hamann,
Esther Hamann Brabec, and Julie Hamann Hodgson f/k/a Julie Hamann Bunderson,
individually, as Trustee of revocable trusts created by each of them, respectively,
and as Trustee or Co-Trustees of the following trusts (“the trusts”):  (a) The Deryl F. Hamann Trust for the
Issue of Karl E. Hamann, the Deryl F. Hamann Trust for the Issue of Daniel A.
Hamann, the Deryl F. Hamann Trust for the Issue of Esther Hamann Brabec, the
Deryl F. Hamann Trust for the Issue of Julie Hamann Hodgson f/k/a Julie Hamann
Bunderson; (b) the Deryl F. Hamann Trust for Claire Marie Brabec, the
Deryl F. Hamann Trust for Jeffrey James Brabec, the Deryl F. Hamann Trust for
Megan Brabec; (c) the Deryl F. Hamann Trust for Anna Carrie Bunderson, the
Deryl F. Hamann Trust for Grace Ane Bunderson; (d) the Deryl F. Hamann Trust
for John Taylor Hamann, the Deryl F. Hamann Trust for Kathrine Linnea Hamann;
(e)  the Ada Geis Trust for Karl E. Hamann, the Ada Geis Trust for Daniel
A. Hamann, the Ada Geis Trust for Esther E. Hamann Brabec, the Ada Geis Trust
for Julie Hamann Hodgson, f/k/a Julie Hamann Bunderson; and (f)  the Deryl
F.Hamann Irrevocable Qualified Marital Trust; together with Deryl F.

 

 

Hamann, Spectrum
Financial Services, Inc., an Iowa corporation, Daniel J. Brabec and Jennifer
Thornby Hamann are the holders of all of the Common Stock together with certain
Preferred Stock.  They, and any
permitted transferee of Common or Preferred stock  are the stockholders (“the Stockholders”) of the Company.  The current holder of Series 3 Preferred
Stock is not a party to this Agreement.

 

The parties believe it to be for their best interests
and for the best interest of the Company to provide for continuity and harmony
in management and policies of the Company that:  (a) the sale, transfer or assignment of the Common Stock and
Preferred Stock of the Company held by said Stockholders be restricted; (b)
subject to the conditions set forth herein, the Company have the option to
acquire such Common Stock or Preferred Stock owned by any deceased Stockholder;
(c) the estate of any deceased Stockholder have the option to have its Common
or Preferred Stock redeemed; (d) the Company have the option that Common or
Preferred Stock proposed to be transferred pursuant to Court Order to a
Creditor or Spouse, or which is held by a Stockholder who is not a descendant
of Deryl F. Hamann and who is the party to a divorce proceeding from a
descendant of Deryl F. Hamann pursuant to Article XII be redeemed.  The intent of this Agreement is that the
Common or Preferred Stock not become owned by or in trust for persons other
than Deryl F. Hamann, his descendants and their spouses, except with the
acquiescence of all Stockholders.

 

WHEREFORE, the parties agree:

 

ARTICLE I

 

RESTRICTIONS ON
TRANSFER OF COMMON STOCK DURING LIFETIME

 

(a)           Except as otherwise
specifically provided in this Agreement, no Stockholder during his lifetime
shall transfer or dispose of any portion or all of his

 

2

 

Common Stock interest in the Company except that if a
Stockholder should desire to dispose of any of his Common Stock in the Company
during his lifetime (hereinafter referred to as “Selling Stockholder”), he
shall first offer to sell all of his Common Stock to the Company at the lower
of either (i) the price and terms that any other prospective purchaser has
offered to the Selling Stockholder or (ii) the price to be paid as determined
pursuant to Article III.  The Selling
Stockholder shall notify the Company and the other Stockholders of the name of
the prospective purchaser and the price and terms of the proposed sale and
shall furnish a copy of such offer to the Company and the other Stockholders.  The Company shall have thirty (30) days
after receipt of a copy of such offer within which to accept or reject such
offer.  If not accepted in writing
within such time the offer shall be deemed rejected.  If rejected, the Selling Stockholder shall then offer such Common
Stock to the other Stockholders (together with a copy of such offer) and the
other Stockholders shall have thirty (30) days after receipt of a copy of such
offer within which to accept or reject such offer.  If not accepted in writing within such time such offer shall be
deemed rejected.  The Company and the
other Stockholders each may partially accept the offer on condition that all
such stock shall be purchased from the Selling Stockholder.  If more than one Stockholder elects to
purchase shares from the Selling Stockholder, each Stockholder electing to
purchase shall be entitled to purchase the percentage of shares equal to:  (i) the number of shares of Common Stock
held by that Stockholder, divided by (ii) the total number of shares of Common
Stock held by all Stockholders so electing to purchase.

 

3

 

(b)           Upon
acceptance of such offer, the Company and/or the other Stockholders shall close
the purchase at the later of:  (i)
thirty (30) days from the date the acceptance is mailed or delivered to the
Selling Stockholder or (ii) if approval of or notice to any banking regulatory
authority is required, then within ten (10) days after such notice shall have
been given, or approval received, as the case may be, and the expiration of any
mandatory waiting periods.  If such
notice or approval is required, the Company and, if applicable, the purchasing
Stockholders, shall promptly give such notice or request such approval, in any
event no later than thirty (30) days after acceptance of such offer.  The Company shall cooperate with the
purchasing Stockholder in preparing and providing information necessary or
desirable to implement the notice or request for approval on a timely
basis.  At the request of a Selling
Stockholder, the Company shall provide a proposed purchaser information to
allow performance of “due diligence” but may restrict information as set forth
in Article IV(j).  If such closing does
not occur within nine (9) months after acceptance of such offer due to delay
for regulatory purposes and where regulatory approval has been sought by a
proposed purchaser in good faith, then the offer and acceptance shall be null
and void as if never given.

 

(c)           If
the offer is not accepted by the Company and/or the other Stockholders, the
Selling Stockholder may sell such Common Stock to such prospective purchaser
according to the terms of the offer which the prospective purchaser has offered
to the Selling Stockholder.  If the
Common Stock is not purchased by the Company or the other Stockholders within
nine (9)

 

4

 

months from the date the first written offer was
accepted by the Company, or if not accepted, then within nine (9) months from
the date the written offer was accepted by the other Stockholders, where the
failure to close is due to delay for regulatory purposes and where regulatory
approval has been sought by the Company and/or the other Stockholders in good
faith, then, notwithstanding acceptance of the offer by the Company and/or the
other Stockholders, the Selling Stockholder may sell such Common Stock to such
prospective purchaser according to the price and terms so offered, subject to
any necessary regulatory notice or approval. 
Any such prospective purchaser shall purchase such Common Stock subject
to all the terms of this Agreement and such purchaser shall be substituted in
all respects as though he were an original party hereto, and provided, further,
should such sale not be consummated pursuant to such price and terms, then
before sale may be made to any other person, Selling Stockholder must offer it
to the Company and to the other Stockholders as hereinabove provided as though
such previous offer had not been made. 
Payment for shares purchased under this Article I shall be in cash or by
certified check contemporaneous with the closing of the purchase of such
shares.

 

(d)           In
the event one or more Stockholders owning more than fifty percent (50%) of the
Common Stock of the Company receive an offer which they desire to accept for
all of the Common Stock owned by them, and neither the Company nor the other
Stockholders accept the Selling Stockholders’ offer to sell to the Company or
other Stockholders pursuant to the foregoing provisions of this Article I,
then:

 

5

 

(i)            If
so elected by one or more of the other Stockholders, by written notice
delivered to the Selling Stockholders within ten (10) days after rejection,
actual or deemed, of the Selling Stockholders’ offer pursuant to the foregoing
provisions of this Article I, the Selling Stockholders must cause the Purchaser
to offer to purchase the remainder of the outstanding Common Stock from any
such Other Stockholder for the same price and terms as offered to the Selling
Stockholders, and to offer to purchase the Preferred Stock owned by any of such
other Stockholder for the greater of the price set forth in Article XV or the
price for such Preferred Stock offered to the Selling Stockholders.

 

(ii)           If
so elected by the Purchaser, by written notice delivered to all Stockholders
within ten (10) days after receipt by Selling Stockholders of notice delivered
by Other Stockholders under the provisions of Article I(d)(i) hereof, each of
the Other Stockholders must sell all (but not less than all) of the Common
Stock of the Company owned by such respective Stockholder to the Purchaser for
the same price and terms as offered to the Selling Stockholders, and all (but
not less than all) of the Preferred Stock of the Company held by them for the
greater of the price set forth in Article XV or the price for such Preferred
Stock offered to the Selling Stockholders.

 

(iii)          If the proposed Purchaser of more than 50% of
the Common Stock shall fail to purchase any Common or Preferred Stock when so
required by this Article I(d)(i), then the Purchaser shall not be allowed to
purchase from the Selling Shareholders any of the Common or

 

6

 

Preferred Stock, notwithstanding any contrary
provision of this Agreement or notice given pursuant to Article I(a).

 

(e)           In
the event Articles I and IV hereof both apply to a proposed transfer such
transfer shall be controlled by the provisions of Article IV, but in either
event, if death of a Stockholder occurs prior to closing and a Put or Call is
exercised pursuant to Article II, then the sale of Common Stock (and Preferred
Stock) shall occur under the terms of Article II rather than under Article I or
IV.

 

ARTICLE II

 

PURCHASE OF COMMON STOCK
ON DEATH

 

OF A STOCKHOLDER-
PUT AND CALL

 

In the event of the death of a Stockholder, then
within ninety (90) days after the appointment of an executor, administrator or
personal representative (“PR”) of the estate of a deceased Stockholder:

 

(a) (“Put”)              The PR, by written notice to the Company,
may require that the Company purchase and redeem all, or any part, of the
Common Stock of the Company owned by the estate, or

 

(b) (“Call”)             The Company, by written notice to the PR
may require that the estate sell to the Company or its designee(s) all, or any
part, of the Common Stock of the Company owned by the estate.

 

The PR shall forthwith notify the Company in writing
of the PR’s appointment, and, if the Company is not so notified within five (5)
days of the appointment, then the date by which the Company must exercise its
Call right shall be ninety (90) days after the date the Company is notified in
writing of the appointment.

 

7

 

Following the exercise of the PR’s right to sell or
the Company’s right to purchase such Common Stock of the Company, as the case
may be, closing shall occur at such time and subject to the same conditions,
including regulatory notice or approval, and the Company’s obligation to provide
information necessary for such notice or request for approval, as provided
pursuant to Article I(b) for a transfer during lifetime.

 

The price per share for Common Stock shall be the
price set forth in Article III hereof. 
Payment for shares purchased under this Article II shall be in cash or
by certified check contemporaneous with the closing of the purchase of such
shares.

 

If neither the PR exercises his right to sell nor the
Company exercises its right to purchase the Common Stock held by the estate of
the deceased Stockholder within the time set forth herein, or if closing does
not occur within nine (9) months from the date of the exercise of the Put or
Call, as the case may be, due to delay for regulatory purposes and where
regulatory approval has been sought in good faith, then such rights shall
expire and have no further effect.  In
such event, the PR and the beneficiaries of the estate to whom such Common
Stock is distributed shall be subject to all the terms of this Agreement and be
substituted in all respects as though such distributee were an original party
hereto.

 

ARTICLE III

 

PURCHASE PRICE

 

The purchase price per share of any Common Stock
required to be purchased and sold pursuant to the provisions of this Agreement
shall be determined from the quarterly financial statement of the Company
prepared in accordance with its customary methods of accounting consistently
applied for the quarter last preceding the quarter in which:  (a) notice of the proposed sale or
transfer is received by the Company pursuant to

 

8

 

Articles I or IV;
(b) death occurs pursuant to Article II; or (c) the final order for transfer or
assignment is entered, or the filing of a divorce petition, whichever is
earlier, pursuant to Article XII, as the case may be (the respective
“Applicable Date”).  The purchase price
for each share of Common Stock shall be a sum equal to the aggregate of:

 

(a)           One
hundred percent of the book value of all assets of the Company, increased by the
difference between the net cash value (as shown on said financial statement)
and the net death proceeds of any policies of insurance on the life of a
deceased Stockholder payable to the Company or any subsidiary of the Company;
less

 

(b)           All
the liabilities of the Company; less

 

(c)           The
par value of any preferred stock of the Company together with any accumulated
and unpaid dividends on cumulative preferred stock and declared and unpaid
dividends and accrued dividends for the current fiscal year on non-cumulative
preferred stock of the Company;

 

divided by the
total number of shares of Common Stock of the Company then issued and
outstanding, but excluding stock held in the treasury of the Company.

 

For the purpose of this calculation, securities
commonly referred to as “Trust Preferred” securities, or “Company obligated
mandatorily redeemable preferred securities of subsidiary trusts holding solely
junior subordinated debentures,” or the functional equivalent thereof, shall be
treated as liabilities.

 

At any Closing the aggregate price for such Common or
Preferred Stock shall be: 
(a) increased by an amount equal to interest at the average Wall
Street Journal Prime Rate (or an equivalent rate determined by the Company if
such Prime Rate is not then so

 

9

 

published), determined as
of and accruing at that rate from and after the Applicable Date, and (b)
decreased by any dividends received after the Applicable Date with respect to
such Stock.

 

ARTICLE IV

 

PURCHASE UPON
DISSATISFACTION OF PARTIES

 

(a)           Offer.  If any Stockholder becomes dissatisfied
(said Stockholder being hereinafter designated as “Dissatisfied Party”) with
the fact that the other Stockholders own Common Stock in the Company,
Dissatisfied Party may, on behalf of and in the name of the Company, offer to
purchase and redeem all the Common Stock of the Company owned by the other
Stockholders, or in the alternative, to sell all the shares of Common Stock of
the Company owned by the Dissatisfied Party to the Company at a price per share
for Common Stock as may be fixed by the Dissatisfied Party, but no less than
the price per share established pursuant to Article III hereof.  Said offer shall be in writing and shall be
delivered by registered or certified mail to the other Stockholders (sometimes
hereinafter referred to as the “Offerees”) at their last known mailing
addresses.  A copy shall be sent to the
Company.  Offerees shall have ninety
(90) days after receipt of such offer in which to decide whether to cause the
Company to buy the Common Stock owned by the Dissatisfied Party or to sell the
Common Stock owned by the Offerees to the Company, and the Offerees shall
notify the Dissatisfied Party and the Company, in writing, at any time within
such ninety (90) days.  Within such
ninety (90) day period any Offeree may call a meeting of the Offerees to
consider the action, if any, which the Offerees may take in response to the

 

10

 

offer. 
However, one or more Offerees may act together or alone without being
bound by a majority of the Offerees.

 

(b)           No Action: 
Offerees Sell.  In the
event no action is taken by any of the Offerees within such 90 day period, the
Offerees shall be deemed to have elected to sell the Common Stock owned by them
to the Company.  Purchase of the Common
Stock of the Offerees, either upon actual acceptance or “deemed” acceptance,
and payment in cash or by certified check therefor, contemporaneous with the
closing of the purchase of such shares, shall take place at the later of one
hundred twenty (120) days following the date the offer initiated by the
Dissatisfied Party is received by the Offerees, or as provided at Article
IV(i).

 

(c)           Offerees Accept:  Dissatisfied Party Sells.  In the event the Offerees shall accept, on
behalf of and in the name of the Company by written decision of all Offerees,
the offer of Dissatisfied Party to sell his Common Stock to the Company, the
purchase of the Common Stock of the Dissatisfied Party and payment in cash or
by certified check therefor, contemporaneous with the closing, shall take place
at the later of one hundred twenty (120) days following the date the offer
initiated by the Dissatisfied Party is received by the Offerees, or as provided
at Article IV(i).

 

(d)           Dissatisfied Party and Certain
Offerees Sell.  In the event a
Dissatisfied Party gives notice under the terms of this Article IV and one or
more (the “Accepting Offerees”) but less than all Offerees elect, on behalf of
and in the name of the Company, to accept the offer of Dissatisfied Party to
sell his Common Stock to the Company, then the Offerees not so accepting shall
be

 

11

 

deemed to have offered to sell and the Company shall
be deemed to have agreed to purchase the Common Stock owned by such Offerees
(the “Selling Offerees”) on the same price and terms and at the same time as
shall be paid to Dissatisfied Party for his Common Stock, unless the Company
and any one or more Offerees who did not accept mutually agree otherwise.

 

(e)           Personal Obligation of Accepting
Offerees.  In the event any
Offerees shall accept, on behalf of and in the name of the Company, the offer
of Dissatisfied Party to sell his Common Stock to the Company, and in the further
event that the Company is unable, for any reason, to consummate the purchase of
all of such Common Stock, then such Accepting Offerees shall personally be
obligated to purchase the Common Stock of the Dissatisfied Party and the
Selling Offerees, if any, or so much thereof as shall not have been purchased
by the Company.  Each Accepting Offeree
shall be obligated to purchase the percentage of shares of Common Stock to be
purchased equal to:  (i) the number of
shares of Common Stock held by that Accepting Offeree, divided by (ii) the
total number of shares of Common Stock held by the Accepting Offerees.  In the alternative, during the ninety (90)
day period after receipt of the offer from the Dissatisfied Party, the
Accepting Offerees, by unanimous agreement, may elect to have the Company
accept the offer and purchase some of the shares of Common Stock owned by the
Dissatisfied Party and Selling Offerees, in which event the Accepting Offerees
shall accept the offer and purchase the balance of

 

12

 

the Common Stock owned by the Dissatisfied Party and
any Selling Offerees.

 

(f)            Personal Obligation of
Dissatisfied Party.  In the
event that all Offerees elect to sell all of their Common Stock to the Company
pursuant to the offer initiated by the Dissatisfied Party in the name of the
Company, and in the further event that the Company is unable or fails, for any
reason, to purchase all of said shares, then the Dissatisfied Party shall be
personally obligated to purchase all of such shares, or such number of such
shares as shall not have been purchased by the Company.

 

(g)           Conflicting Sale Terms.  In the event a Dissatisfied Party gives
notice under the terms of this Article IV within thirty (30) days after receipt
of a notice from a Selling Stockholder under Article I hereof, then the terms
of this Article IV shall prevail and the sale shall not occur under the terms
of Article I.  Any notice given by a
Dissatisfied Party under this Article IV after such thirty (30) day period but
before closing or nullification pursuant to Article I shall be void and of no
effect.  After such closing or
nullification, a new notice under Article IV may be given.

 

(h)           Death of a Stockholder.  In the event of the death of a Stockholder
during the period after a notice from a Selling Stockholder has been received
under Article I, but prior to closing; or in the event of the death of a
Stockholder during the period after a notice from Dissatisfied Party has been
received under Article IV, but prior to closing, then if a Put or Call is
timely exercised, the sale of the Common Stock with respect to the deceased
Stockholder

 

13

 

shall occur under the terms of Article II rather than
under Article I or Article IV.

 

(i)            Regulatory.  If approval of or notice to any banking
regulatory authority is required, then closing shall occur within ten (10) days
after such notice shall have been given, or approval received, as the case may
be, and the expiration of any mandatory waiting periods.  If such notice or approval is required, the
Company and, if applicable, the purchasing Stockholders shall promptly give
such notice or request such approval, in any event no later than thirty (30)
days after acceptance of such offer. 
The Company shall cooperate with the purchasing Stockholder in preparing
and providing information necessary or desirable to implement the notice or
request for approval on a timely basis. 
If such closing does not occur within nine (9) months after acceptance
of such offer due to delay for regulatory purposes and where regulatory
approval has been sought in good faith, then the offer and acceptance shall be
null and void as if never given.

 

(j)            Due
Diligence.  In the event a
Dissatisfied Party makes an offer pursuant to this Article IV, the Offerees or
any of them shall be entitled to have, and to provide a prospective purchaser
or investor, with information about the Company in order to conduct customary
due diligence concerning a possible purchase or investment; provided,
if, in the judgment of the Board of Directors of the Company, a potential
purchaser or investor is a competitor of the Company who could use information
to the detriment of the Company, the Board of Directors may direct management
to withhold information about salaries, borrowers, depositors or such other
information as the Board

 

14

 

reasonably deems appropriate.  Subject to such restrictions, the Company
shall cooperate with an Offeree in providing information to a proposed
purchaser or investor who has signed a Confidentiality Agreement acceptable to
the Board of Directors.

 

ARTICLE V

 

AUTOMATIC TERMINATION

 

This Agreement shall terminate upon the bankruptcy,
receivership or dissolution of the Company.

 

ARTICLE VI

 

AMENDMENT OR TERMINATION

 

This Agreement may be altered, amended or terminated
only by a writing signed by holders of no less than ninety percent (90%) of the
Common Stock of the Company.

 

ARTICLE VII

 

BINDING UPON SUCCESSORS

 

The executor, administrator or personal representative
(“PR”) of a deceased Stockholder shall execute and deliver any and all
documents or legal instruments necessary or desirable to carry out the
provisions of this Agreement.  This
Agreement shall be binding upon and enure to the benefit of the Stockholders,
their heirs, legal representatives, successors or assigns, and upon the
Company, its successors or assigns.

 

ARTICLE VIII

 

STOCK CERTIFICATE

 

Each certificate representing shares of Common Stock
of the Company, and each certificate representing Preferred Stock of the
Company which is held by a holder of

 

15

 

Common Stock, whether now
issued and outstanding or issued hereafter, shall have written or stamped on
the face thereof:

 

“This certificate is issued and held subject to the
Stock Purchase Agreement dated October 8, 2003, available for inspection at the
principal office of the Company.”

 

Existing stock certificates bearing reference to the
“Common Stock Purchase Agreement” of December 31, 1992, shall be deemed to
refer to and be bound by this Stock Purchase Agreement as if a complete
amendment to and restatement of the December 31, 1992 Common Stock Purchase
Agreement, as amended.

 

ARTICLE IX

 

PERFORMANCE BY THE
COMPANY AND STOCKHOLDERS

 

Each Stockholder agrees that he will sign such
instruments and documents and vote his Common Stock (and if applicable his
Preferred Stock) of the Company in such a manner, at any time and from time to time
hereafter, as will enable the Company lawfully to perform its obligations
pursuant to the terms of this Agreement. 
Should the Company have insufficient surplus at any time to permit it
lawfully to purchase as treasury stock the number of shares required to be
purchased by the Company at any time, then all Stockholders of the Company at
such time shall take such action as will enable the Company to reduce its
capital by purchasing for redemption such shares of Stock.

 

16

 

ARTICLE X

 

CONSENT OF STOCKHOLDERS

 

Each Stockholder of the Company hereby consents that
this Agreement be accepted by officers of the Company, and hereby waives any
objection he might have to the execution and performance of this Agreement by
the Company.

 

ARTICLE XI

 

TRANSFERS TO CERTAIN
RELATED PARTIES

 

During his lifetime any individual Stockholder may
transfer all or part of his Common Stock to his spouse, his descendants, or the
spouse of a descendant, or in trust for the benefit of such persons or himself
or to a corporation collectively controlled by himself and/or such persons or
some combination thereof; and Trustees may distribute Common Stock to trust
beneficiaries.  In any such case, the
transferee shall first execute a copy of the Agreement and shall receive and
hold such stock subject to the terms of this Agreement and to all obligations
hereunder, as though no such transfer had occurred.  Should a permitted transferee corporation cease to be controlled
by such Stockholder, his spouse or descendants or trusts for the benefit of
such persons, then the Company shall have the right to purchase such Common
Stock from such corporation pursuant to Article II(b) hereof within three (3)
months after the Company receives notice of such change of control, on the same
terms as if the Common Stock were owned by a Stockholder who had died.  A Stockholder owning Preferred Stock may
transfer it pursuant to this Article XI under the same conditions as provided
for Common Stock.

 

17

 

ARTICLE XII

 

DIVORCE- CREDITOR

 

In the event that a court of competent jurisdiction
shall enter a final order that any of the Common Stock of any Stockholder of
the Company shall be transferred and assigned to the spouse of a Stockholder
pursuant to a Decree of Divorce, or to a creditor of a Stockholder, then, in
such event, the stock that is ordered to be so assigned shall, to the extent of
such assigned stock, be subject to the right of the Company to redeem and purchase
such stock for the price determined pursuant to Article III hereof.  The Company’s ability to purchase such stock
at such price shall continue for a period of ninety (90) days following its
receipt of a copy of such final decree (or ninety (90) days after such decree
becomes final, if later), and shall expire if not exercised in writing to the
Stockholder within such time.  If
exercised, closing shall occur within ten (10) days of the date of exercise,
with payment to be made in cash or by certified check at closing, or if later,
upon surrender of the certificates representing such Common Stock, duly
endorsed in blank provided, however, if approval of or notice to
any banking regulatory authority is required, then closing shall occur within
ten (10) days after such notice shall have been given, or approval received, as
the case may be, and the expiration of any mandatory waiting periods.  If such notice or approval is required, the
Company and, if applicable, the purchasing Stockholders shall promptly give
such notice or request such approval, in any event no later than thirty (30)
days after acceptance of such offer.  If
such closing does not occur within nine (9) months after acceptance of such
offer due to delay for regulatory purposes and where regulatory approval has
been sought in good faith, then the offer and acceptance shall be null and void
as if never given.  Payment shall be
made to the spouse or creditor to whom the Court has assigned such stock.  In the event the Company does

 

18

 

not elect to purchase
such stock, then such stock shall be transferred to such spouse or creditor,
subject to all the term and conditions of this Agreement as though such spouse
or creditor were an original signatory hereto. 
The Company may assign its rights under this Article to purchase all or
part of such stock to all of the remaining Stockholders (excluding the
Stockholder whose stock is ordered to be transferred to such spouse or
creditor).  If more than one Stockholder
elects to purchase shares from the Selling Stockholder, by written notice
delivered to the Selling Stockholder within thirty (30) days after assignment
of rights hereunder from the Company, each Stockholder electing to purchase
shall be entitled to purchase the percentage of shares equal to:  (i) the number of shares of Common Stock
held by that Stockholder, divided by (ii) the total number of shares of Common
Stock held by all Stockholders so electing to purchase.

 

In the event that a petition for divorce is filed by
or against any Stockholder who is not a descendant of Deryl F. Hamann, then for
a period beginning on such date and extending until the date which is six
months after the date the Decree of Divorce becomes final, the Company shall
have the right to redeem and purchase the Common Stock of the Company held by
the Stockholder who is a party to the divorce action and is not a descendant of
Deryl F. Hamann for the price determined pursuant to Article III hereof.  The Company’s ability to purchase such stock
at such price shall expire if not exercised in writing to the Selling
Stockholder within such time.  If
exercised, closing shall occur within ten (10) days of the date of exercise,
with payment to be made in cash or by certified check at closing, or if later,
upon surrender of the certificates representing such Common Stock, duly
endorsed in blank provided, however, if approval of or notice to
any banking regulatory authority is required, then closing shall occur within
ten (10) days after such notice shall have been given, or approval received, as
the case may be, and the expiration

 

19

 

of any mandatory waiting
periods.  If such notice or approval is
required, the Company and, if applicable, the purchasing Stockholders shall
promptly give such notice or request such approval, in any event no later than
thirty (30) days after acceptance of such offer.  If such closing does not occur within nine (9) months after
acceptance of such offer due to delay for regulatory purposes and where
regulatory approval has been sought in good faith, then the offer and
acceptance shall be null and void as if never given.  The Company may assign its rights under this Article to purchase
all or part of such stock to all of the remaining Stockholders (excluding the
Stockholder whose stock is subject to such right to redeem and purchase).  If more than one Stockholder elects to
purchase shares from the Selling Stockholder, by written notice delivered to
the Selling Stockholder within thirty (30) days after assignment of rights
hereunder from the Company, each Stockholder electing to purchase shall be
entitled to purchase the percentage of shares equal to:  (i) the number of shares of Common
Stock held by that Stockholder, divided by (ii) the total number of shares of
Common Stock held by all Stockholders so electing to purchase.

 

ARTICLE XIII

 

DELIVERY OF STOCK
CERTIFICATE- PAYMENT

 

Payment for any Common Stock of the Company required
to be sold hereunder shall be made against surrender to the Company of the
certificates representing such Common Stock, free and clear of liens, duly
endorsed in blank.  If not so delivered
within the time set forth, then from the last day for delivery and closing
pursuant to this Agreement and until they are so surrendered, each outstanding
certificate for Common Stock which is required to be sold hereunder shall be
deemed for all purposes to represent only a right to receive cash in an amount
per share determined in accordance with this Agreement.  No interest will be paid or accrued on the
amount payable upon surrender of

 

20

 

such certificates, the
Common Stock required to be sold will be deemed cancelled, as of the last date
required to be delivered and thereafter there shall be no further right to
vote, or receive current or liquidation dividends on such Common Stock.  Amounts due hereunder, without interest,
shall be paid when such certificates, duly endorsed in blank, free and clear of
liens, are later surrendered to the Company.

 

ARTICLE XIV

 

REGULATORY

 

The Company is a Bank Holding Company, and may elect
to become a Financial Holding Company, subject to regulation by the Federal
Reserve and other federal or state banking authorities.  No transfer of Common or Preferred Stock may
be effected, nor may any be redeemed unless the Company receives an opinion of
counsel acceptable to it that all necessary regulatory notices or approvals
have been given or received, and any waiting periods have expired, or that such
transfer is exempt from regulatory notice or approval.

 

ARTICLE XV

 

PREFERRED STOCK

 

If any Preferred Stock of the Company is held by a
holder of Common Stock whose Common Stock is to be purchased, sold or otherwise
transferred hereunder, then:

 

(a) 
(“Put”)  The holder of such
Common Stock to be so sold or otherwise transferred, by written notice
delivered to the party which will be purchasing or otherwise acquiring such
Common Stock, may require such party to also purchase all of such holder’s
Preferred Stock, or

 

(b) 
(“Call”)  The party which will be
purchasing or otherwise acquiring such Common Stock, by written notice
delivered to the holder of such Common Stock, may

 

21

 

require that the holder
of such Common Stock also sell to such purchaser all of such holder’s Preferred
Stock.

 

Notice of the exercise of the Put or Call options
hereunder must be in writing and delivered as set forth above within ten (10)
days after the acceptance of an offer to buy or sell under Article I, the
exercise of a Put or Call under Article II, the acceptance of an offer to buy
or election to sell under Article IV, or the exercise of right to redeem or
purchase under Article XII, as the case may be, with the foregoing terms of
this Agreement to control regarding conflicting sale terms under Articles I,
II, IV or XII.

 

The price for such Preferred Stock shall be the par
value thereof together with any accumulated and unpaid dividends on cumulative
preferred stock, or declared and unpaid dividends plus accrued dividends for
the current fiscal year on non-cumulative preferred stock to be paid on the
same terms and conditions as provided herein for payment for Common Stock.  No Preferred Stock of the Company owned by a
holder of Common Stock may be sold or transferred except as otherwise
specifically provided in this Agreement, or pursuant to and in compliance with
the applicable terms for transfer of Common Stock pursuant to this Agreement.

 

ARTICLE XVI

 

CHARITABLE GIFTS

 

Notwithstanding any contrary provision hereof, Common
Stock or Preferred Stock may be transferred to a charitable or educational
entity to which deductions are deductible for federal income tax or estate tax
purposes, if there is a reasonable expectation that the transferee will offer
to sell the same to the Company at its fair market value as determined by an
independent appraisal.  If such
transferee fails to sell the same to the Company, it

 

22

 

shall hold the same
subject to all the terms of this Agreement and such entity shall be substituted
in all respects as though it were an original party hereto.

 

ARTICLE XVII

 

MISCELLANEOUS

 

Any notice or election authorized or permitted
hereunder shall be sufficient if sent by certified or registered mail to the
last address known to the person sending the same, and be deemed received on
the date so mailed, if deposited in the U.S. mail with sufficient postage.

 

Any Common Stock or Preferred Stock held in a
revocable trust created by a Stockholder shall, during the lifetime of the
Stockholder, be treated for all purposes hereunder as if directly owned by such
Stockholder.  Any notices required or
permitted to be given hereunder shall be given to both the Trustee and such
Stockholder.

 

Subject to any amendments or alterations executed
subsequent to the date of this Agreement, the parties agree that this document,
including any other documents included herein by express reference in this
Agreement, shall be a complete and final expression of their agreement and no
evidence of oral or other written promises shall be binding.

 

This Agreement supersedes in its entirety the
Agreement between the parties dated December 31, 1992, as subsequently amended,
and shall be deemed a complete amendment thereto.

 

If any provision of this Agreement is for any reason
held to be invalid, the remainder of the Agreement shall continue to be
effective, provided that no such severability shall be effective if it
materially changes the economic benefit of the Agreement to any party.

 

23

 

The titles and captions appearing in this Agreement
are inserted solely for convenience and do not in any way define, limit,
expand, or describe the scope of this Agreement or the intent or content of any
provisions thereof.

 

Words imparting a particular number or gender shall
include the other numbers and gender.

 

This Agreement may be executed in counterparts which,
taken together shall be deemed a single Agreement.

 

ARTICLE XVIII

 

GOVERNING LAW/TIME
OF THE ESSENCE

 

This Agreement shall be governed by the laws of the
United States and the State of Nebraska, provided, Iowa law shall govern
the Company’s corporate existence and governance.  Time is of the essence of this Agreement.

 

IN WITNESS
WHEREOF, the parties have executed seven copies of this Agreement the date and
year first above written.

 

	
  Attest:

  	
   

  	
  GREAT WESTERN
  BANCORPORATION, INC.

  
	
   

  	
   

  
	
  /s/ James R.
  Clark

  	
   

  	
  By:

  	
  /s/ Daniel A.
  Hamann

  	
   

  
	
  Secretary

  	
   

  	
   

  	
  President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  /s/ Daniel A.
  Hamann

  	
   

  	
  /s/ Esther
  Hamann Brabec

  	
   

  
	
  Daniel A.
  Hamann,

  Individually, and as Trustee of a

  revocable trust created by him

  	
   

  	
  Esther Hamann
  Brabec,

  Individually, and as Trustee of a

  revocable trust created by her

  
	
   

  
	
   

  
	
   

  	
  /s/ Julie Hamann
  Hodgson

  	
   

  
	
   

  	
  Julie Hamann
  Hodgson, f/k/a

  Julie Hamann Bunderson

  Individually, and as Trustee of a

  revocable trust created by her

  	
   

  
								

 

24

 

	
  Deryl F. Hamann Trust for

  	
   

  	
  Deryl F. Hamann Trust for

  	
   

  
	
  Claire Marie Brabec

  	
   

  	
  Jeffrey James Brabec

  	
   

  
	
   

  
	
   

  
	
  By:

  	
  /s/ Julie Hamann
  Hodgson

  	
   

  	
  By:

  	
  /s/ Julie Hamann
  Hodgson

  	
   

  
	
   

  	
  Julie Hamann
  Hodgson, f/k/a

  	
   

  	
  Julie Hamann
  Hodgson, f/k/a

  
	
   

  	
  Julie Hamann
  Bunderson,

  	
   

  	
  Julie Hamann
  Bunderson,

  
	
   

  	
  Trustee

  	
   

  	
  Trustee

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Deryl F. Hamann Trust for

  	
   

  
	
   

  	
   

  	
  Megan Brabec

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Julie Hamann
  Hodgson

  	
   

  
	
   

  	
   

  	
   

  	
  Julie Hamann
  Hodgson, f/k/a

  	
   

  	
   

  
	
   

  	
   

  	
  Julie Hamann
  Bunderson,

  	
   

  	
   

  
	
   

  	
   

  	
  Trustee

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Deryl F. Hamann Trust for

  	
  Deryl F. Hamann Trust for

  
	
  Anna Carrie Bunderson

  	
  Grace Ane Bunderson

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Esther
  Hamann Brabec

  	
   

  	
  By:

  	
  /s/ Esther
  Hamann Brabec

  	
   

  
	
   

  	
  Esther Hamann
  Brabec, Trustee

  	
   

  	
  Esther Hamann
  Brabec, Trustee

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Deryl F. Hamann Trust for

  	
  Deryl F. Hamann Trust for

  
	
  John Taylor Hamann

  	
  Kathrine Linnea Hamann

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Julie Hamann
  Hodgson

  	
   

  	
  By:

  	
  /s/ Julie Hamann
  Hodgson

  	
   

  
	
   

  	
  Julie Hamann
  Hodgson, f/k/a

  	
   

  	
  Julie Hamann
  Hodgson, f/k/a

  
	
   

  	
  Julie Hamann
  Bunderson

  	
   

  	
  Julie Hamann
  Bunderson,

  
	
   

  	
  Trustee

  	
   

  	
  Trustee

  
																				

 

25

 

	
  Deryl F. Hamann Trust for

  	
   

  	
  Deryl F. Hamann Trust for

  
	
  The Issue of Karl E. Hamann

  	
   

  	
  The Issue of Daniel A. Hamann

  
	
   

  	
   

  
	
  By:

  	
  /s/ Daniel A.
  Hamann

  	
   

  	
  By:

  	
  /s/ Julie Hamann
  Hodgson

  	
   

  
	
   

  	
  Daniel A.
  Hamann,

  	
  Julie Hamann
  Hodgson, f/k/a

  
	
   

  	
  Co-Trustee

  	
  Julie Hamann
  Bunderson, Trustee

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Esther Hamann
  Brabec

  	
   

  	
  Deryl F. Hamann Trust for The

  
	
   

  	
  Esther Hamann
  Brabec,

  	
  Issue of Esther Hamann Brabec

  
	
   

  	
  Co-Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Julie Hamann
  Hodgson

  	
   

  	
  By:

  	
  /s/ Julie Hamann
  Hodgson

  	
   

  
	
   

  	
  Julie Hamann
  Hodgson, f/k/a

  	
  Julie Hamann
  Hodgson, f/k/a

  
	
   

  	
  Julie Hamann
  Bunderson, Trustee

  	
  Julie Hamann
  Bunderson, Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Deryl F. Hamann Trust for The

  
	
   

  	
   

  	
  Issue of Julie Hamann Hodgson,

  
	
   

  	
   

  	
  f/k/a Julie Hamann Bunderson

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Esther
  Hamann Brabec

  	
   

  
	
   

  	
   

  	
  Esther Hamann
  Brabec,

  
	
   

  	
   

  	
  Trustee

  
	
   

  	
   

  	
   

  
	
  Ada Geis Trust for Karl E. Hamann

  	
  Ada Geis Trust for Daniel A. Hamann

  
	
  dated July 23, 1977

  	
   

  	
  dated July 23, 1977

  
	
   

  
	
  By:

  	
  /s/ Daniel A.
  Hamann

  	
   

  	
  By:

  	
  /s/ Julie Hamann
  Hodgson

  	
   

  
	
   

  	
  Daniel A.
  Hamann,

  	
  Julie Hamann
  Hodgson, f/k/a

  
	
   

  	
  Successor
  Co-Trustee

  	
  Julie Hamann
  Bunderson, Successor Trustee

  
	
   

  	
   

  
	
  By:

  	
  /s/ Esther
  Hamann Brabec

  	
   

  	
  Ada Geis Trust for Esther Hamann
  Brabec

  
	
   

  	
  Esther Hamann
  Brabec,

  	
  dated July 23, 1977

  
	
   

  	
  Successor
  Co-Trustee

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Julie Hamann
  Hodgson

  	
   

  	
  By:

  	
  /s/ Daniel A.
  Hamann

  	
   

  
	
   

  	
  Julie Hamann
  Hodgson, f/k/a

  	
  Daniel A.
  Hamann,

  
	
   

  	
  Julie Hamann
  Bunderson,

  	
  Successor
  Trustee

  
	
   

  	
  Successor
  Co-Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Ada Geis Trust for Julie Hamann
  Hodgson,

  
	
   

  	
   

  	
  f/k/a Julie Hamann Bunderson

  
	
   

  	
   

  	
  dated July 23, 1977

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Esther
  Hamann Brabec

  	
   

  
	
   

  	
   

  	
  Esther Hamann
  Brabec,

  
	
   

  	
   

  	
  Successor
  Trustee

  
																

 

26

 

	
  Deryl F. Hamann Irrevocable

  
	
  Qualified Marital Trust

  
	
  dated June 18, 1998

  
	
   

  
	
   

  
	
  By:

  	
  /s/ Daniel A.
  Hamann

  	
   

  	
  /s/ Deryl F.
  Hamann

  	
   

  	
   

  
	
   

  	
  Daniel A.
  Hamann,

  	
  Deryl F. Hamann,

  	
   

  	
   

  
	
   

  	
  Co-Trustee

  	
  Individually

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Esther
  Hamann Brabec

  	
   

  	
  /s/ Daniel J.
  Brabec

  	
   

  	
   

  
	
   

  	
  Esther Hamann
  Brabec,

  	
  Daniel J.
  Brabec,

  	
   

  	
   

  
	
   

  	
  Co-Trustee

  	
  Individually

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Julie Hamann
  Hodgson

  	
   

  	
  /s/ Jennifer
  Thornby Hamann

  	
   

  	
   

  
	
   

  	
  Julie Hamann
  Hodgson, f/k/a

  	
  Jennifer Thornby
  Hamann,

  	
   

  	
   

  
	
   

  	
  Julie Hamann
  Bunderson,

  	
  Individually

  	
   

  	
   

  
	
   

  	
  Co-Trustee

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  
	
  Attest:

  	
   

  	
  SPECTRUM
  FINANCIAL SERVICES, INC.

  
	
   

  	
   

  	
  An Iowa Corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ James R.
  Clark

  	
   

  	
  By:

  	
  /s/ Thomas B.
  Fischer

  	
   

  
	
  Secretary

  	
   

  	
  President

  
										

 

27

 

CERTIFICATE

 

James R. Clark, Secretary of Great Western
Bancorporation, Inc., hereby certifies that the foregoing is a true copy of the
signed original which is on file in the office of the Company.

 

 

	
   

  	
   

  	
   

  	
  /s/ James R.
  Clark

  
	
   

  	
   

  	
   

  	
  James R. Clark

  

 

28

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}]]