Document:

Exhibit
      10.26

    EMPLOYMENT
      AGREEMENT

     

    AGREEMENT
      entered into as of this 23rd day of May, 2008, by and between WEST
      BANCORPORATION, INC., an Iowa corporation (the “Company”), and BRAD L.
      WINTERBOTTOM (“Winterbottom”), to be effective as of the date stated above
      (“Effective Date”).

    

    WITNESSETH:

    

    WHEREAS,
      Winterbottom has been employed as the Company’s Executive Vice President, as
      West Bank’s Director and President; and as Director of WB Capital Management
      Inc.; and

    

    WHEREAS,
      the Company wishes that Winterbottom continue such employment pursuant to the
      terms and conditions hereof, and in order to induce Winterbottom to enter into
      this agreement (the “Agreement”) and to secure the benefits to accrue from his
      performance hereunder, is willing to undertake the obligations assigned to
      it
      herein; and

    

    WHEREAS,
      Winterbottom is willing to continue his employment as described above under
      the
      terms hereof and to enter into the Agreement;

    

    WHEREAS,
      Winterbottom desires that his current Employment Agreement dated July 11, 1997,
      as amended, be replaced and superseded in its entirety with this
      Agreement.

    

    NOW
      THEREFORE, in consideration of the premises and mutual covenants contained
      herein and for other good and valuable consideration, the receipt of which
      is
      hereby acknowledged, the parties hereto agree as follows:

     

    1. Positions;
      Duties; Responsibilities.

    

    1.1 Winterbottom
      shall serve as Executive Vice-President of the Company, Director and President
      of West Bank, and Director of WB Capital Management Inc. Winterbottom shall
      report to the Chief Executive Officer of the Company. He shall perform the
      duties ordinarily expected of the positions that he is assigned. Winterbottom
      shall have such other responsibilities consistent with the status, titles,
      and
      reporting requirements set forth herein as are appropriate to said position,
      subject to change from time to time by the Chief Executive Officer or the Board
      of Directors of the Company or West Bank. 

    

    1.2 During
      the course of his employment, Winterbottom agrees to devote his full time and
      attention to the business affairs of the Company and West Bank. 

    

    2. Term.

    

    Subject
      to the terms and conditions hereof, the Company agrees to employ, and
      Winterbottom hereby accepts employment, for an Initial Term commencing on the
      Effective Date and ending December 31, 2010. This Agreement will be renewed
      annually without written notice on each January 1 hereafter for a three year
      period, provided the Company has not given notice of nonrenewal by November
      30
      of the preceding year. Accordingly, and by way of example, the intent of the
      parties is that as of January 1, 2009, the Term will be a rolling three year
      term beginning on each subsequent January 1, unless timely notice of nonrenewal
      is given. In the event of a timely notice of nonrenewal, this Agreement will
      expire at the end of the Initial Term or any then existing three-year term.
      References to “Initial Term” or “Term” in this Agreement mean either the Initial
      Term or any subsequent Term as the context requires.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    3. Compensation
      and Benefits.

    

    3.1 Base
      Salary.
      The
      Company shall pay Winterbottom a base salary during the Term of this Agreement
      at the minimum annual rate of Two-hundred ten thousand Dollars ($210,000) (“Base
      Salary”), payable in accordance with the standard payroll practices of the
      Company. It is understood that the Base Salary is to be Winterbottom’s minimum
      annual compensation during the Term. Winterbottom’s Base Salary will be reviewed
      by the Compensation Committee of the Board at least annually, and may be
      increased (but not reduced). If the Base Salary stated above is increased,
      the
      new Base Salary shall be noted in Board minutes and shall become a term of
      this
      Agreement by reference without need for attachment or addendum. 

    

    3.2 Annual
      Bonus/Incentive Target/Incentive Payment.
      In
      addition to other compensation to be paid under Section 3, each year during
      the
      Term of this Agreement, Winterbottom shall be eligible for an annual incentive
      bonus (“Annual Bonus”). An annual incentive bonus target (“Incentive Target”)
      shall be set for each year by the Board, based on a recommendation of the
      Compensation Committee. The annual incentive payment actually awarded and paid
      to Winterbottom for each year (“Incentive Payment”) will be determined by the
      Board in its sole discretion, with consideration to the Compensation Committee
      recommendation, and paid by the Company as soon as reasonably possible after
      the
      end of each fiscal year.

    

    3.3 Equity
      Appreciation Plans.
      In
      addition to other compensation to be paid under this Section 3, the Company
      may
      grant stock options, stock appreciation rights, restricted stock, or other
      forms
      of equity participation rights to Winterbottom as a participant, if a plan
      is
      adopted by the Company.

    

    3.4 Vacation.
      Winterbottom shall be entitled to not less than 25 days of paid time off, plus
      all Company-recognized holidays, during each full year of employment hereunder
      in accordance with the general terms of the vacation policy adopted by the
      Company. Upon Termination under Section 4 of this Agreement, Winterbottom will
      be paid for any accrued vacation that has not been taken through the date of
      Termination.

    

    3.5 Reimbursement
      of Expenses.
      The
      Company shall reimburse Winterbottom in accordance with Company’s expense
      reimbursement policies for all reasonable, ordinary, and necessary business
      expenses incurred by Winterbottom while performing duties on behalf of the
      Company. In addition, the Company shall pay Winterbottom’s monthly dues at one
      local country club or one other similar club, and expenses related to
      Winterbottom’s use of such club for matters related to the Company’s
      business.

    

    3.6 Employee
      Benefits.
      Winterbottom shall be entitled to receive any perquisites and participate in
      any
      employee benefit plans, including profit-sharing plans, now existing or
      established hereafter generally available to employees and/or senior officers
      of
      the Company, provided Winterbottom is otherwise qualified and eligible for
      such
      benefits. As part of its normal course of business, the Company may amend and/or
      terminate any such employee benefits or plans.

    

    3.7 Benefits
      Not in Lieu of Compensation.
      No
      benefit or perquisite provided to Winterbottom shall be deemed to be in lieu
      of
      Base Salary, Annual Bonus, or other compensation, provided that the reporting
      of
      any benefits shall be consistent with IRS regulations.

    

    3.8 Short-Term
      Disability.
      Any
      period of short-term disability experienced by Winterbottom shall be treated
      under the Company’s Short-Term Disability benefits policy(ies).

    

    3.9 Indemnification
      and Insurance.
      Except
      for disputes between the parties concerning this Agreement, the Company shall
      protect and indemnify Winterbottom against any and all legal claims or actions
      involving him as a consequence of his employment hereunder to the maximum extent
      allowed under the Iowa Business Corporation Act. The Company shall provide
      Winterbottom the maximum insurance coverage provided any other employee or
      director of the Company. The Company agrees to continue Winterbottom’s coverage
      under such directors and officers’ liability insurance policies as shall from
      time to time be in effect for Company officers and employees for not less than
      six years following Winterbottom’s termination of employment.

     

    
      
        
        

      

      
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    4. Consequences
      of Termination of Employment and/or Change of Control.

    

    4.1 Death.
      In the
      event of Winterbottom’s death during the Term of this Agreement, this Agreement
      shall terminate, and all obligations to Winterbottom shall cease as of the
      date
      of death except that, (a) within ten (10) business days of termination, the
      Company shall pay to Winterbottom’s designated beneficiary, as defined below in
      this Section, or the legal representative of his estate a sum equal to one
      month
      of Base Salary and Seventy-Five percent (75%) of the amount of his Incentive
      Target prorated to the date of death—provided, however, that if Winterbottom’s
      death is preceded by a leave of absence associated with a period of disability,
      any Incentive Target shall be restricted to the fiscal year in which such leave
      commenced and prorated to the last date worked. All rights and benefits of
      Winterbottom under the benefit plans and programs of the Company in which
      Winterbottom is a participant, will be provided as determined in accordance
      with
      the terms and provisions of such plans and programs. All awards of restricted
      stock, stock options, and any other benefits under any long-term incentive
      plans
      shall be handled in accordance with the terms of the relevant plan and
      agreements entered into between Winterbottom and the Company with respect to
      such awards.

    

    Winterbottom
      may designate a beneficiary by filing a written designation with the head of
      personnel of the Company. Winterbottom may revoke or modify the designation
      at
      any time by filing a new designation. However, designations will only be
      effective if signed by Winterbottom and received by the Company during
      Winterbottom’s lifetime. Winterbottom’s beneficiary designation shall be deemed
      automatically revoked if the beneficiary predeceases Winterbottom, or if
      Winterbottom names a spouse as beneficiary and the marriage is subsequently
      dissolved. If Winterbottom dies without a valid beneficiary designation, all
      payments shall be made to Winterbottom’s estate.

    

    If
      a
      benefit is payable to a minor, to a person declared incompetent, or to a person
      incapable of handling the disposition of his or her property, the Company may
      pay such benefit to the guardian, legal representative, or person having the
      care or custody of such minor, incompetent, or incapable person. The Company
      may
      require proof of incompetence, minority, or guardianship as it may deem
      appropriate prior to distribution of the benefit. Such distribution shall
      completely discharge the Company from all liability with respect to such
      benefit.

    

    4.2 Permanent
      Disability.
      If
      Winterbottom shall become permanently incapacitated by reasons of sickness,
      accident, or other physical or mental disability (“Permanent Disability”) as
      defined hereunder during the Term of this Agreement, this Agreement and all
      obligations to Winterbottom shall cease except as provided below. Permanent
      Disability shall be determined in one of two ways: (1) Winterbottom shall be
      considered to be Permanently Disabled for purposes of this Agreement if he
      becomes entitled to Long-Term Disability benefits under the Company’s Long-Term
      Disability Plan, in which case, this Agreement and all obligations to
      Winterbottom shall cease except that for a period of twelve (12) months, the
      Company shall supplement Winterbottom’s Long-Term Disability payments to the
      extent necessary for the Long-Term Disability payments plus the supplemental
      payments to equal Winterbottom’s Base Pay as defined in Section 3.1 herein; (2)
      alternatively, if Winterbottom becomes permanently incapacitated and such
      incapacitation is certified by a physician chosen by the Company and reasonably
      acceptable to Winterbottom (if he is then able to exercise sound judgment),
      and
      Winterbottom shall therefore be unable to perform his normal duties hereunder,
      then the employment of Winterbottom hereunder and this Agreement may be
      terminated by Winterbottom or the Company upon thirty (30) days’ written notice
      to the other party following such certification. Should Winterbottom not
      acquiesce (or should he be unable to acquiesce) in the selection of the
      certifying doctor, a doctor chosen by Winterbottom (or if he is not then able
      to
      exercise sound judgment, by his spouse or personal representative) and
      reasonably acceptable to the Company shall be required to concur in the medical
      determination of incapacitation, failing which, the two doctors shall designate
      a third doctor whose decision shall be determinative as of the end of the
      calendar month in which such concurrence or third-doctor decision, as the case
      may be, is made. After the final certification is made and the 30-day written
      notice is provided, the Company shall pay to Winterbottom, at such times as
      Base
      Salary provided for in Section 3.1 of this Agreement would normally be paid,
      Winterbottom’s then-current Base Salary for a period of twelve (12) months.
      Under either determination of Permanent Disability, Winterbottom shall be paid
      Seventy-Five percent (75%) of the amount of his Incentive Target for the year
      in
      which disability is certified prorated to the last day worked. If no Incentive
      Target has been determined for the year in which final certification occurs,
      the
      last determined Incentive Target shall apply. 

     

    
      
        
        

      

      
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    Following
      termination pursuant to either of the above alternatives, any rights and
      benefits Winterbottom may have under the employee benefit plans and programs
      of
      the Company in which Winterbottom is a participant shall be determined in
      accordance with the terms and provisions of such plans and programs. All awards
      of restricted stock, stock options and any other benefits under any long-term
      incentive plans shall be handled in accordance with the terms of the relevant
      plan and agreements entered into between Winterbottom and the Company with
      respect to such awards.

    

    4.3 Due
      Cause.
      The
      Company may terminate Winterbottom’s employment, remove him as an officer and
      director of the Company, and its subsidiaries and terminate this Agreement
      at
      any time for Due Cause. In the event of such termination for Due Cause,
      Winterbottom shall continue to receive Base Salary payments provided for in
      this
      Agreement only through the date of such termination for Due Cause, and
      Winterbottom shall be entitled to no further compensation under this Agreement,
      except that any rights and benefits Winterbottom may have under the employee
      benefit plans and programs of the Company or its subsidiaries in which
      Winterbottom is a participant shall be determined in accordance with the terms
      and provisions of such plans and programs. Winterbottom understands and agrees
      that in the event of the termination of employment, removal as an officer and
      director, and termination of this Agreement pursuant to this Section 4.3: (a)
      all awards of restricted stock, stock options, and any other benefits under
      long-term incentive plans shall be handled in accordance with the terms of
      the
      relevant plan and agreements entered into between Winterbottom and the Company
      with respect to such awards; and (b) the Company shall have no obligation to
      pay
      any Annual Bonus to Winterbottom under the terms of this Agreement; but (c)
      the
      obligations of Winterbottom under Sections 7 and 8 of this Agreement shall
      remain in full force and effect. 

    

    The
      term
“Due Cause” shall mean (i) the willful and continued failure of Winterbottom to
      substantially perform his duties with the Company (other than any such failure
      resulting from Permanent Disability), after a demand for substantial performance
      is delivered to Winterbottom by the Board that specifically identifies the
      manner in which Winterbottom has not substantially performed his duties; (ii)
      willful misconduct by Winterbottom that is materially injurious to the Company
      or its subsidiaries, monetarily or otherwise; (iii) gross negligence in the
      performance of duties assumed pursuant to this Agreement or gross neglect of
      such duties; or (iv) conviction for a felony or a serious misdemeanor involving
      moral turpitude. For purposes of this definition, no act, or failure to act,
      on
      the part of Winterbottom shall be considered “willful” unless it is done, or
      omitted to be done, by Winterbottom in bad faith and without reasonable belief
      that Winterbottom’s action or omission was in the best interests of the Company
      or its subsidiaries. Any act, or failure to act, based upon authority given
      pursuant to a resolution duly adopted by the Board or based upon the advice
      of
      the General Counsel of the Company shall be conclusively presumed to be done,
      or
      omitted to be done, by Winterbottom in good faith and in the best interests
      of
      the Company. 

    

    4.4 Without
      Cause.
      The
      other provisions of this Agreement notwithstanding, the Company may terminate
      Winterbottom’s employment, remove him as an officer and director, and terminate
      this Agreement at any time for whatever reason it deems appropriate with or
      without cause and with or without prior notice. In the event of such a
      termination of Winterbottom’s employment and this Agreement, Winterbottom shall
      have no further obligations of any kind under or arising out of the Agreement
      (except for the obligations of Winterbottom under Sections 7 and 8 of this
      Agreement), and the Company shall be obligated to promptly pay Winterbottom
      only
      the following “Severance Payment”: Three times Winterbottom’s Base Salary as of
      the date of Termination Without Cause—provided, however, that in the event that
      as a result of such termination of employment, Winterbottom would otherwise
      be
      entitled to a Change of Control Benefit under Section 4.7 of this Agreement,
      Winterbottom shall be entitled to elect either: (i) the Severance Payment
      described above, or (ii) the Change of Control Benefit described in Section
      4.7
      of this Agreement, but in no event shall he be entitled to both payments.
      Payment shall be made in a lump sum within 60 days of the date of termination.
      In addition, the Company shall pay the insurance premiums to provide
      Winterbottom family health coverage under COBRA for one year after Winterbottom
      ceases employment by the Company.

     

    
      
        
        

      

      
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    Winterbottom
      agrees that the payments described in this Section 4.4 shall be full and
      adequate compensation to Winterbottom for all damages Winterbottom may suffer
      as
      a result of the termination of his employment pursuant to this Section 4.4,
      and
      in consideration of the payments and benefits provided in this Section 4.4,
      Winterbottom agrees to execute a waiver and release agreement acceptable to
      the
      Company—provided, however, that except as specifically provided for under this
      Section 4.4, any rights and benefits Winterbottom may have under the employee
      benefit plans and programs of the Company or its subsidiaries in which
      Winterbottom is a participant shall be determined in accordance with the terms
      and provisions of such plans and programs. All awards of restricted stock,
      stock
      options, and any other benefits under any long-term incentive plans shall be
      handled in accordance with the terms of the relevant plan and agreements entered
      into between Winterbottom and the Company with respect to such
      awards.

    

    4.5 Employee
      Voluntary.
      In the
      event Winterbottom terminates his employment of his own volition prior to the
      end of the Term of this Agreement, except for a termination for Good Reason
      as
      specifically defined in Section 4.6 below, such termination shall constitute
      a
      voluntary termination and in such event the Company’s only obligation to
      Winterbottom shall be to make Base Salary payments provided for in this
      Agreement through the date of such voluntary termination. Winterbottom
      understands and agrees that in the event of termination of employment pursuant
      to this Section 4.5: (a) any rights and benefits Winterbottom may have under
      the
      employee benefit plans and programs of the Company or its subsidiaries in which
      he is a participant shall be determined in accordance with the terms and
      provisions of such plans and programs; (b) all awards of restricted stock,
      stock
      options, and any other benefits under any long-term incentive plans shall be
      handled in accordance with the terms of the relevant plan and agreements entered
      into between Winterbottom and the Company with respect to such awards; (c)
      the
      Company shall have no obligation to pay any Annual Bonus, Incentive Target,
      or
      Incentive Payment to Winterbottom under the terms of this Agreement and (d)
      the
      obligations of Winterbottom under Sections 7 and 8 of this Agreement shall
      remain of full force and effect.

    

    4.6 Good
      Reason.
      Winterbottom may terminate this Agreement on ninety (90) days’ notice for Good
      Reason. 

    

    (a) For
      purposes of this Agreement, “Good Reason” shall mean:

    

    
      	 	
              (1)

            	
              Without
                Winterbottom’s express written consent, the assignment to Winterbottom of
                any duties or responsibilities materially inconsistent with the employment
                described in Section 1.1 above, or a material change in the reporting
                responsibilities, titles, or offices as described in Section 1.1,
                or any
                removal of Winterbottom from, or any failure to re-elect Winterbottom
                to,
                any of such responsibilities or positions, except in connection with
                the
                termination of Winterbottom’s employment for Due Cause, Permanent
                Disability, retirement, or Death or except in connection with employment
                under the Six-Month Rule set forth in Section 4.7(c)(1)
                herein.

            

    

    

    
      	 	
              (2)

            	
              A
                material reduction in Winterbottom’s Base
                Salary;

            

    

    

    
      	 	
              (3)

            	
              Failure
                of the Company to obtain the assumption of, or the agreement to perform,
                this Agreement by any successor as defined in Section 9.3 hereof;
                or

            

    

    

    
      	 	
              (4)

            	
              The
                Company requiring Winterbottom to be based anywhere other than Polk
                County, Iowa, or a county contiguous thereto, except
                for required travel for Company business to an extent substantially
                consistent with Winterbottom’s duties as described under Section 1.1, or
                in the event Winterbottom consents to any relocation, the failure
                by the
                Company to pay (or reimburse Winterbottom) for all reasonable moving
                and
                relocation expenses incurred by Winterbottom relating to a change
                of
                Winterbottom’s principal residence in connection with such
                relocation.

            

    

     

    
      
        
        

      

      
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    (b) Good
      Reason Severance Payment:

    

    In
      the
      event Winterbottom appropriately terminates his employment and this Agreement
      for Good Reason (after having giving notice to the Board of the “Good Reason”
and allowing the Board at least a 30 day period to cure the Good Reason),
      Winterbottom shall have no further obligations of any kind under or arising
      out
      of the Agreement (except for the obligations of Winterbottom under Sections
      7
      and 8 of this Agreement), and the Company shall be obligated to pay Winterbottom
      an amount equal to his Base Salary plus $100,000 per year for the remainder
      of
      the then-existing Term of this Agreement, but no less than a total of one year
      of Base Salary plus $100,000 (“Good Reason Severance Payment”)—provided,
      however, that in the event that as a result of such termination of employment
      by
      Winterbottom for Good Reason, Winterbottom would otherwise be entitled to a
      Change of Control Benefit under Section 4.7 of this Agreement, Winterbottom
      shall be entitled to elect either: (i) the Good Reason Severance Payment
      described in this Section 4.6(b) or (ii) the Change of Control Benefit described
      in Section 4.7 of this Agreement, but in no event shall he be entitled to both
      payments. Any Good Reason Severance Benefit paid pursuant to this Section 4.6
      shall be paid as soon as reasonably possible (i.e. within sixty days) after
      the
      expiration of any revocation period following Winterbottom’s execution of the
      release referred to in Section 4.6(c) below. In addition, the Company shall
      pay
      the insurance premiums to provide Winterbottom family health coverage under
      COBRA for one year after Winterbottom ceases employment by the
      Company.

    

    (c) Release
      of Claims

    

    Winterbottom
      agrees that the payments described in this Section 4.6 shall be full and
      adequate compensation to Winterbottom for all damages Winterbottom may suffer
      as
      a result of his termination of employment for Good Reason pursuant to Section
      4.6 of this Agreement, and in consideration of the payments and benefits
      provided in this Section 4.6, Winterbottom agrees to execute a waiver and
      release agreement acceptable to the Company—provided, however, that except as
      specifically provided for under this Section 4.6, any rights and benefits
      Winterbottom may have under the employee benefit plans and programs of the
      Company or its subsidiaries in which Winterbottom is a participant shall be
      determined in accordance with the terms and provisions of such plans and
      programs. All awards of restricted stock, stock options, and any other benefits
      under any long-term incentive plans shall be handled in accordance with the
      terms of the relevant plan and agreements entered into between Winterbottom
      and
      the Company with respect to such awards.

    

    4.7 Change
      in Control.
      If
      within 12 months after, or 2 months prior to, a Change in Control of the Company
      as defined below, the Company terminates Winterbottom’s employment for reasons
      other than those under Sections 4.1, 4.2, or 4.3 herein or if Winterbottom
      terminates his employment for Good Reason as defined in Section 4.6 herein,
      the
      Company shall pay to Winterbottom a benefit as defined in Section 4.7(b)
      (“Change in Control Benefit”).

    

    
      	 	
              (a)

            	
              Change
                in Control.
                The term “Change in Control” shall have the following meaning:
                

            

    

    

    
      	 	
              (1)

            	
              Any
                person or entity or group of affiliated persons or entities (other
                than
                the Company) becomes a beneficial owner, directly or indirectly,
                of 30% or
                more of the Company’s voting securities or all or substantially all of the
                assets of the Company; or

            

    

    

    
      	 	
              (2)

            	
              The
                Company enters into a definitive agreement that contemplates the
                merger,
                consolidation, or combination of the Company with an unaffiliated
                entity
                in which either or both of the following is to occur: (i) the Board
                of
                Directors of the Company, immediately prior to such merger, consolidation,
                or combination will constitute less than a majority of the board
                of
                directors of the surviving, new, or combined entity; or (ii) less
                than 50%
                of the outstanding voting securities of the surviving, new, or combined
                entity will be beneficially owned by the stockholders of the Company
                immediately prior to such merger, consolidation, or combination—provided,
                however, that if any definitive agreement to merge, consolidate,
                or
                combine is terminated without consummation of the transaction, then
                no
                Change in Control shall be deemed to have occurred pursuant to this
                paragraph; or

            

    

     

    
      
        
        

      

      
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              (3)

            	
              The
                Company enters into a definitive agreement that contemplates the
                transfer
                of all or substantially all of the Company’s assets, other than to a
                wholly-owned subsidiary of the Company—provided, however, that if any
                definitive agreement to transfer assets is terminated without consummation
                of the transfer, then no Change in Control shall be deemed to have
                occurred pursuant to this paragraph;
                or

            

    

    

    
      	 	
              (4)

            	
              A
                majority of the members of the Board of Directors of the Company
                shall be
                persons who: (i) were not members of such Board on the Effective
                Date
                (“current members”); or (ii) were not nominated by a vote of such Board
                which included the affirmative vote of a majority of the current
                members
                on such Board at the time of their nomination (“future designees”); or
                (iii) were not nominated by a vote of such Board which included the
                affirmative vote of a majority of the current members and future
                designees, taken as a group, on such Board at the time of their
                nomination.

            

    

    

    
      	 	
              (b)

            	
              Change
                in Control Benefit.
                Upon a termination of Winterbottom’s employment under the circumstances
                described in Section 4.7, Winterbottom will be eligible for a Change
                in
                Control Benefit of three times Winterbottom’s Current Annual Compensation
                as defined in Section 4.7(b) as of the date of the Change in Control.
                

            

    

    

    
      	 	
              (1)

            	
              Current
                Annual Compensation.
                For purposes of this Agreement “Current Annual Compensation” means the sum
                of Winterbottom’s annual Base Salary for the fiscal year in which
                termination occurs, plus
                $100,000. This definition covers amounts includible in compensation
                prior
                to any cash or deferred
                arrangements.

            

    

    

    
      	 	
              (2)

            	
              Insurance
                Benefit. In addition, the Company shall pay the insurance premiums
                to
                provide Winterbottom family health coverage under COBRA for one year
                after
                Winterbottom ceases employment by the
                Company.

            

    

    

    
      	
            	(c)	
              Consideration
                of Benefit. 

            

    

    

    
      	 	
              (1)

            	
              Six-Month
                Rule.
                Notwithstanding any other provision of this Agreement, in the event
                of a
                termination by the Company or a successor or termination by Winterbottom
                for Good Reason in conjunction with a Change in Control, as consideration
                for the benefit created in Section 4.7(b), at the discretion of the
                Company or the successor as defined in Section 9.3, Winterbottom
                must make
                himself available to work with the Company and/or the successor for
                a
                transition period of not more than six months after a Change of Control
                has occurred (“Transition Period”). If Winterbottom fails to remain
                employed for said period, (unless he terminates for Good Reason under
                Section 4.6(a)(2), (3) or (4) herein), or if the Company or the successor
                terminates Winterbottom’s employment for Due Cause during said period,
                then no Change in Control Benefit shall be paid to Winterbottom.
                Any
                Change of Control Benefit paid pursuant to this Section 4.7 shall
                be paid
                as soon as reasonably possible (i.e. within sixty days) after the
                waiver
                or the expiration of the Transition Period and after the expiration
                of any
                revocation period following Winterbottom’s execution of the release
                referred to in Section 4.7(c)(2)
                below.

            

    

    

    
      	 	
              (2)

            	
              Release
                of Claims.
                Winterbottom agrees that the payments described in Section 4.7(b)
                shall be
                full and adequate compensation to Winterbottom for all damages
                Winterbottom may suffer as a result of the termination of his employment
                or his resignation for Good Reason in conjunction with a Change in
                Control, and in consideration of the payments and benefits provided
                in
                Section 4.7(b), Winterbottom agrees to execute a waiver and release
                agreement acceptable to the Company, and, if applicable, to the
                successor—provided, however, that any rights and benefits Winterbottom may
                have under the employee benefit plans and programs of the Company
                or its
                subsidiaries in which Winterbottom is a participant shall be determined
                in
                accordance with the terms and provisions of such plans and programs.
                All
                awards of restricted stock, stock options, and any other benefits
                under
                any long-term incentive plans shall be handled in accordance with
                the
                terms of the relevant plan and agreements entered into between
                Winterbottom and the Company with respect to such
                awards.

            

    

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

       

    

    5. Limited
      Benefit. 

    

    Notwithstanding
      any of the provisions of Section 4.7 or other provisions in this Agreement
      to
      the contrary, if any payments or benefits received, or to be received, by
      Winterbottom (whether pursuant to the terms of this Agreement or any other
      plan,
      arrangement, or agreement with the Company or its subsidiaries; any person
      whose
      actions result in a Change of Control; or any person affiliated with the Company
      or such person) constitute “parachute payments” within the meaning of Section
      280G(b)(2)(A) of the Internal Revenue Code (the “Code”), and the value thereof
      exceeds 2.99 times Winterbottom’s “base amount,” as defined in Section
      280G(b)(3) of the Code, then in lieu thereof, the Company shall pay
      Winterbottom, as soon as practicable following the termination of Winterbottom’s
      employment by the Company but in no event later than thirty (30) days after
      the
      expiration of any revocation period following Winterbottom’s execution of any
      release referred to in this Agreement, a lump-sum cash payment equal to 2.99
      times his “base amount” (the “Alternative Severance Payment”), reduced as
      provided below. The value of the payments to be made under Section 4.7(b) and
      Winterbottom’s base amount shall be determined in accordance with temporary or
      final regulations, if any, promulgated under Section 280G of the Code and based
      upon the advice of the tax counsel referred to below.

    

    The
      Alternative Severance Payment shall be reduced by the amount of any other
      payment or the value of any benefit received, or to be received, by Winterbottom
      in connection with a Change of Control of the Company or his termination of
      employment unless (i) Winterbottom shall have effectively waived his receipt
      or
      enjoyment of such payment or benefit prior to the date of payment of the
      Alternative Severance Payment; (ii) in the opinion of tax counsel selected
      by
      the Company’s independent auditors, such other payment or benefit does not
      constitute a “parachute payment” within the meaning of Section 280G(b)(2) of the
      Code; or (iii) in the opinion of such tax counsel, the Alternative Severance
      Payment plus all other payments or benefits that constitute “parachute payments”
within the meaning of Section 280G(b)(2) of the Code are reasonable compensation
      for services actually rendered within the meaning of Section 280G(b)(4) of
      the
      Code or are otherwise not subject to disallowance as a deduction by reason
      of
      Section 280G of the Code. The value of any non-cash benefit or any deferred
      payment or benefit shall be determined in accordance with the principles of
      Section 280G(d)(3) and (4) of the Code.

    

    6. Section
      162(m) Limitation.
      

    

    In
      the
      event and to the extent that the payments due to Winterbottom under this
      Agreement exceed the “reasonable compensation” limitations of Section 162(m) of
      the Code, the portion thereof that would not be deductible by the Company in
      the
      taxable year in which the payment is due shall be deferred by the Company and
      paid to Winterbottom on the date that is sixteen (16) months following the
      termination of Winterbottom’s employment, together with interest thereon at the
      rate provided in Section 7872(f)(2) of the Code.

    

    7. Covenants
      of Winterbottom.

    

    7.1 Confidential
      Information.
      Winterbottom acknowledges that as a result of the services to be rendered to
      the
      Company hereunder, Winterbottom will be brought into close contact with many
      confidential affairs of the Company, its subsidiaries and affiliates, not
      readily available to the public. Winterbottom further acknowledges that the
      services to be performed under this Agreement are of a special, unique, unusual,
      extraordinary, and intellectual character; that the Company’s goods and services
      are marketed throughout Iowa and various parts of the United States; and that
      the Company competes with other organizations that are or could be located
      in
      nearly any part of the United States or various parts of the world.

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

       

    

    7.2 Restriction
      on Use of Confidential Information.
      In
      recognition of the foregoing, Winterbottom covenants and agrees that, except
      as
      is necessary in providing services under this Agreement or to the extent
      necessary to comply with law or the valid order of a court or government agency
      of competent jurisdiction, Winterbottom will neither knowingly use for his
      own
      benefit, nor knowingly divulge any Confidential Information and Trade Secrets
      of
      the Company, its subsidiaries, or affiliated entities that are not otherwise
      in
      the public domain and, so long as they remain Confidential Information and
      Trade
      Secrets not in the public domain, will not intentionally disclose them to anyone
      outside of the Company either during or after his employment. For the purposes
      of this Agreement, “Confidential Information and Trade Secrets of the Company”
means information that is secret to the Company, its subsidiaries, or affiliated
      entities. It may include, but is not limited to, information relating to the
      products, services, new and future concepts, and business of the Company, its
      subsidiaries, or affiliates, in the form of memoranda, reports, computer
      software and data banks, customer lists, employee lists, books, records,
      financial statements, manuals, papers, contracts and strategic plans. As a
      guide, Winterbottom is to consider as being secret and confidential information
      originated, owned, controlled, or possessed by the Company, its subsidiaries,
      or
      affiliated entities that is not disclosed in printed publications stated to
      be
      available for distribution outside the Company, its subsidiaries, or affiliated
      entities. In instances where doubt does or should reasonably be understood
      to
      exist in Winterbottom’s mind as to whether information is secret and
      confidential to the Company, its subsidiaries, or affiliated entities,
      Winterbottom agrees to request an opinion, in writing, from the Company before
      disclosing such information.

    

    7.3 Public
      Information.
      Anything to the contrary in this Section 7 notwithstanding, Winterbottom shall
      disclose to the public and discuss such information as is customary or legally
      required to be disclosed by a Company whose stock is publicly traded, or that
      is
      otherwise legally required to be disclosed, or that is in the best interests
      of
      the Company to disclose.

    

    7.4 Company
      Property.
      Winterbottom will deliver promptly to the Company on the termination of his
      employment with the Company, or at any other time the Company may so request,
      all memoranda, notes, records, reports, and other documents relating to the
      Company, its subsidiaries, or affiliated entities, and all property owned by
      or
      originating from the Company, its subsidiaries, or affiliated entities that
      Winterbottom may then possess or have under his control.

    

    7.5 No
      Competition, Solicitation, or Tampering.
      Throughout the Term of the Agreement and for a period of one (1) year
      immediately following any termination or resignation of Winterbottom’s
      employment under this Agreement (except that the time period of such
      restrictions shall be extended by any period during which Winterbottom is in
      violation of this Section 7.5), Winterbottom shall not directly or indirectly
      engage in any other business in which the Company engages during the Term of
      the
      Agreement—provided, however, that the restriction in Section 7.5 shall apply
      only to counties in which the Company or its subsidiaries have offices or in
      contiguous counties. For purposes of Section 7.5, Winterbottom shall be deemed
      to engage in a business if he directly or indirectly engages or invests in,
      owns, manages, operates, controls, or participates in the ownership, management,
      operation or control of, is employed by, associated or in any manner connected
      with, or renders services or advice to, any business in which the Company
      engages—provided, however, that Winterbottom may invest in the securities of any
      enterprise (but without otherwise participating in the activities of such
      enterprise) if two conditions are met: (a) such securities are listed on any
      national or regional securities exchange (or have been registered under Section
      12(g) of the Securities Exchange Act of 1934) and (b) Winterbottom does not
      beneficially own (as defined by Rule 13d-3 promulgated under the Securities
      Exchange Act of 1934) in excess of 5% of the outstanding capital stock of such
      enterprise. The provisions of this paragraph shall survive and apply regardless
      of the reason for Winterbottom’s termination.

    

    During
      the period described in the first paragraph of Section 7.5, Winterbottom will
      not, directly or indirectly, for the benefit of any bank or financial
      institution or any company or other entity affiliated, directly or indirectly,
      with another bank or financial institution other than the Company, solicit
      the
      employment or services of, hire, or assist in the hiring of any person eligible
      for the Company’s or its subsidiaries’ compensation or benefit plans for senior
      officers or executives.

    

    During
      the period described in the first paragraph of Section 7.5, Winterbottom shall
      not directly or indirectly request, induce, or attempt to influence any existing
      or prospective customers, vendors, or licensors of the Company or its
      subsidiaries to curtail or cancel any business they may transact with the
      Company. For purposes of this Section 7.5, “prospective customers” shall mean
      individuals or entities who the Company or its subsidiaries have contacted
      within the twelve (12) months immediately preceding the termination of this
      Agreement. The provisions of this paragraph shall survive regardless of the
      reason for Winterbottom’s termination or resignation. 

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

       

    

    7.6 Intellectual
      Property.
      Winterbottom will promptly disclose to the Company all inventions, processes,
      original works of authorship, trademarks, patents, improvements, and discoveries
      related to the business of the Company, its subsidiaries, or affiliated entities
      (collectively “Developments”), conceived or developed during Winterbottom’s
      employment with the Company and based upon information to which he had access
      during the term of employment, whether or not conceived during regular working
      hours, through the use of Company time, material, or facilities or otherwise.
      All such Developments shall be the sole and exclusive property of the Company,
      and upon request, Winterbottom shall deliver to the Company all outlines,
      descriptions, and other data and records relating to such Developments, and
      shall execute any documents deemed necessary by the Company to protect the
      Company’s rights thereunder. Winterbottom agrees upon request to assist the
      Company to obtain United States or foreign letters patent and copyright
      registrations covering inventions and original works of authorship belonging
      to
      the Company hereunder. If the Company is unable because of Winterbottom’s mental
      or physical incapacity to secure Winterbottom’s signature to apply for or to
      pursue any application for any United States or foreign letters patent or
      copyright registrations covering inventions and original works of authorship
      belonging to the Company hereunder, then Winterbottom hereby irrevocably
      designates and appoints the Company and its duly authorized officers and agents
      as his agent and attorney in fact, to act for and in his behalf and stead to
      execute and file any such applications and to do all other lawfully permitted
      acts to further the prosecution and issuance of letters patent or copyright
      registrations thereon with the same legal force and effect as if executed by
      him. Winterbottom hereby waives and quitclaims to the Company any and all
      claims, of any nature whatsoever, that he may hereafter have for infringement
      of
      any patents or copyright resulting from any such application for letters patent
      or copyright registrations belonging to the Company hereunder.

    

    7.7 Equitable
      Remedies.
      Winterbottom agrees that the remedy at law for any breach or threatened breach
      of any covenant contained in this Section 7 may be inadequate and that the
      Company, in addition to such other remedies as may be available to it in law
      or
      in equity, shall be entitled to injunctive relief without bond or other
      security.

    

    7.8 Modification
      of Remedies.
      Although the covenants contained in this Section 7 above are considered by
      the
      parties hereto to be fair and reasonable in the circumstances, it is recognized
      that restrictions of such nature may fail for technical reasons, and
      accordingly, it is hereby agreed that if any of such restrictions shall be
      adjudged to be void or unenforceable for whatever reason, but would be valid
      if
      part of the wording thereof were deleted, or the period thereof reduced or
      the
      area dealt with reduced in scope, the restrictions contained herein shall be
      enforced to the maximum extent permitted by law, and the parties consent and
      agree that such scope or wording may be accordingly judicially modified in
      any
      proceeding brought to enforce such restrictions.

    

    7.9 Survival
      of Rights and Obligations.
      Notwithstanding that Winterbottom’s employment hereunder may expire or be
      terminated as provided in Sections 2 or 4 above, this Agreement shall continue
      in full force and effect insofar as is necessary to enforce the covenants and
      agreements of Winterbottom contained in this Section 7. In addition, the
      Company’s obligations under Sections 4 and 7 shall continue in full force and
      effect with respect to Winterbottom or his estate.

    

    8. Dispute
      Resolution.
      

    

    The
      parties shall use their best efforts and good will to settle any and all
      disputes by amicable negotiations. Subject to the Company’s right to seek
      injunctive relief in court as provided in Section 7.7 of this Agreement, any
      dispute, controversy, or claim arising out of or in relation to or in connection
      with this Agreement, including without limitation, any dispute as to the
      construction, validity, interpretation, enforceability, or breach of this
      Agreement, including a claim for indemnification under Section 3.9 or disability
      under Section 3.8 or 4.2, that cannot be resolved by negotiation shall be
      resolved by impartial binding arbitration. In the event that either the Company
      or Winterbottom demands arbitration, Winterbottom and the Company agree that
      such arbitration shall be the exclusive, final, and binding forum for resolution
      of such claims, subject to any rights of appeal that either party may have
      under
      any controlling law dealing with the review of arbitration
      decisions.

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

       

    

    8.1 Arbitration.
      Arbitration shall be heard and determined in Des Moines, Iowa by one arbitrator,
      who shall be impartial and who shall be selected by mutual agreement of the
      parties. If the parties cannot agree to selection of an arbitrator, the
      arbitrator shall be appointed by a Judge of the Iowa District Court for Polk
      County. Either party to this Agreement may commence an action in the Iowa
      District Court for Polk County for the limited purpose of appointment of an
      arbitrator hereunder. The Court shall select the arbitrator from candidates
      nominated by the parties hereto. Each party may nominate up to two candidates.
      In determining the arbitrator, the Court should give due consideration to the
      impartiality, background, and experience of the nominees relating to the issues
      to be resolved in the arbitration. The Court’s decision as to the identity of
      the arbitrator shall be final. It is intended that controversies or claims
      submitted to arbitration under this Section 8 shall remain confidential, and
      to
      that end, it is agreed by the parties, and must be agreed to by the arbitrator,
      that neither the facts disclosed in the arbitration, the issues arbitrated,
      nor
      the views or opinions of any persons concerning them, shall be disclosed to
      third persons at any time, except to the extent necessary to enforce an award
      or
      judgment or as required by law or in response to legal process or in connection
      with such arbitration. The parties shall be entitled to disclose the facts
      disclosed in arbitration, the issues arbitrated, and the views or opinions
      of
      any person concerning them to legal or tax advisors as long as such advisors
      agree to be bound by the confidentiality terms of this Section. Either party
      to
      this Agreement may initiate arbitration by serving a written demand for
      arbitration upon the other party. Such a demand must be served within twelve
      months of the events giving rise to the dispute and specifically identify and
      describe the dispute to be arbitrated. Any claim that is not timely made, as
      defined herein, by written notice to the other party shall be deemed absolutely
      and finally waived. The cost of the arbitration proceeding (including attorneys’
fees and expenses) shall be allocated by the arbitrator. Any award of money
      damages shall be increased by interest at the rate of 6% per annum from the
      date
      that the arbitrator finds any such money was due and payable until paid in
      full.
      Winterbottom and the Company agree that the hearing, if any, for any arbitration
      commenced pursuant to this Section shall be submitted to the arbitrator for
      decision within 180 days of the notice demanding arbitration.

    

    8.2 Acknowledgement
      of Parties.
      The
      Company and Winterbottom understand and acknowledge that this Section 8 means
      that neither of them can pursue a claim against the other in a court of law
      regarding or related to this Agreement, except as specifically stated above
      in
      Sections 7.7 or 8.1. 

    

    9. Successors
      and Assigns.

    

    9.1 Assignment
      by the Company.
      This
      Agreement shall inure to the benefit of, and shall be binding upon, the
      successors and assigns of the Company.

    

    9.2 Assignment
      by Winterbottom.
      Winterbottom may not assign this Agreement or any part thereof—provided,
      however, that nothing herein shall preclude one or more beneficiaries of
      Winterbottom from receiving any amount that may be payable following the
      occurrence of his legal incompetency or his death and shall not preclude the
      legal representative of his estate from receiving such amount or from assigning
      any right hereunder to the person(s) entitled thereto under his will or, in
      the
      case of intestacy, to the person or persons entitled thereto under the laws
      of
      intestate succession applicable to his estate.

    

    9.3 Successors
      of the Company.
      The
      Company will require any successor to all or substantially all of the business
      and/or assets of the Company (whether direct or indirect by purchase, merger,
      consolidation, or otherwise), by agreement in form and substance acceptable
      to
      Winterbottom, expressly to assume and agree to perform this Agreement in the
      same manner and to the same extent that the Company would be required to perform
      it if no such succession had taken place. As used in this Agreement, “Company”
as heretofore defined shall include any successor to its business and/or assets
      as aforesaid that executes and delivers the agreement provided for in this
      Section 9.3 or that otherwise becomes bound by all the terms and provisions
      of
      this Agreement by operation of law.

    

    10. Governing
      Law.
      

    

    This
      Agreement shall be deemed a contract made under, and for all purposes shall
      be
      construed in accordance with, the laws of the State of Iowa without reference
      to
      the principles of conflict of laws.

    

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

       

    

    11. Entire
      Agreement.
      

    

    This
      Agreement and those plans and agreements referenced herein contain all the
      understandings and representations between the parties hereto pertaining to
      the
      subject of the employment of Winterbottom by the Company and its subsidiaries
      and supersede all undertakings and agreements, whether oral or in writing,
      if
      any there be, previously entered into by them with respect thereto, including
      all prior Employment Agreements and any amendments thereto.

    

    12. Amendment
      or Modification; Waiver.
      

    

    No
      provision of this Agreement may be amended or modified unless such amendment
      or
      modification is agreed to in writing, signed by Winterbottom and by a duly
      authorized officer or director of the Company, and approved in advance and
      authorized by the Board. Except as otherwise specifically provided in this
      Agreement, no waiver by either party hereto of any breach by the other party
      of
      any condition or provision of the Agreement to be performed by such other party
      shall be deemed a waiver of a similar or dissimilar provision or condition
      at
      the same or any prior or subsequent time.

    

    13. Notices.
      

    

    Any
      notice to be given hereunder shall be in writing and delivered personally or
      sent by overnight mail, such as Federal Express, addressed to the party
      concerned at the address indicated below or to such other address as such party
      may subsequently give notice of hereunder in writing:

    

    If
      to
      Company:

    

    Chairman
      of the Compensation Committee

    Board
      of
      Directors

    West
      Bancorporation, Inc. 

    1601
      22nd
      Street

    West
      Des
      Moines, Iowa 50266

    

    If
      to
      Winterbottom:

    

    Brad
      L.
      Winterbottom

    4728
      95th
      Street

    Urbandale,
      Iowa 50322

    

    14. Severability.
      

    

    In
      the
      event that any provision or portion of this Agreement is determined to be
      invalid or unenforceable for any reason, the remaining provisions or portions
      of
      this Agreement shall be unaffected thereby and shall remain in full force and
      effect to the fullest extent permitted by law.

    

    15. Withholding.
      

    

    Anything
      in this Agreement to the contrary notwithstanding, all payments required to
      be
      made by the Company hereunder to Winterbottom or his beneficiaries, including
      his estate, shall be subject to withholding and deductions as the Company may
      reasonably determine it should withhold or deduct pursuant to any applicable
      law
      or regulation. In lieu of withholding or deducting such amounts, in whole or
      in
      part, the Company may, in its sole discretion, accept other provision for
      payment as permitted by law, provided it is satisfied in its sole discretion
      that all requirements of law affecting its responsibilities to withhold or
      deduct such amounts have been satisfied.

    

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

       

    

    16. Deferred
      Payments.

    

    Any
      amounts required under this Agreement to be paid to Winterbottom that
      Winterbottom can and does elect to defer under any Company benefit plan or
      program shall be deemed to have been paid to him for purposes of this
      Agreement—provided, however, that if the Company breaches the terms of any
      deferred compensation plan, arrangement, or agreement with respect to which
      such
      amounts are to be paid, Winterbottom may claim a breach of this
      Agreement.

    

    Notwithstanding
      anything in this Agreement or elsewhere to the contrary:

    

    (a) If
      payment or provision of any amount or other benefit that is “deferred
      compensation” subject to Section 409A of the Code at the time otherwise
      specified in this Agreement or elsewhere would subject such amount or benefit
      to
      additional tax pursuant to Section 409A(a)(1)(B) of the Code, and if payment
      or
      provision thereof at a later date would avoid any such additional tax, then
      the
      payment or provision thereof shall be postponed to the earliest date on which
      such amount or benefit can be paid or provided without incurring any such
      additional tax. In the event this Section requires a deferral of any payment,
      such payment shall be accumulated and paid in a single lump sum on such earliest
      date together with interest for the period of delay, compounded annually, equal
      to the prime rate (as published in The Wall Street Journal), and in effect
      as of
      the date the payment should otherwise have been provided.

    

    (b) If
      any
      payment or benefit permitted or required under this Agreement, or otherwise,
      is
      reasonably determined by either party to be subject for any reason to a material
      risk of additional tax pursuant to Section 409A(a)(1)(B) of the Code, then
      the
      parties shall promptly agree in good faith on appropriate provisions to avoid
      such risk without materially changing the economic value of this Agreement
      to
      either party.

    

    17. Survival.
      

    

    The
      respective rights and obligations of the parties hereunder shall survive any
      termination of this Agreement to the extent necessary to the intended
      preservation of such rights and obligations.

    

    18. Duty
      to Mitigate; Set-off; Reimbursement.

    

    Winterbottom
      shall not be required to seek employment, nor shall the amount of any payment
      provided for under this Agreement be reduced by any compensation earned by
      Winterbottom as the result of employment by another employer, as allowed and
      without violating this Agreement, after the date of termination of
      Winterbottom’s employment pursuant to this Agreement. The Company’s obligation
      to make the payments provided for in this Agreement and otherwise to perform
      its
      obligations hereunder shall not be affected by any set-off, counterclaim,
      recoupment, defense, right of reimbursement, or other claim, right, or action
      that the Company may have against Winterbottom or others, except to the extent
      that Winterbottom violates Section 7.5 of this Agreement or Winterbottom is
      obligated to reimburse the Company pursuant to Section 304 of the Sarbanes-Oxley
      Act of 2002.

    

    19. Headings.

    

    Headings
      of the sections of this Agreement, where used, are intended solely for
      convenience, and no provision of this Agreement is to be construed by reference
      to the title of any section.

    

    20. Knowledge
      and Representation.

    

    The
      Company and Winterbottom acknowledge that they understand the terms of this
      Agreement, that they understand the nature and extent of the rights and
      obligations provided under this Agreement, and that they have been represented
      by legal counsel and other professional advisors in the negotiation and
      preparation of this Agreement to the extent of their wishes.

    

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

       

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
      date
      first set forth above.

    

    BRAD
      L.
      WINTERBOTTOM

    

    
      	
              /s/
                Brad L. Winterbottom

            	 
	
              Brad
                L. Winterbottom

            	 
	 	 
	
              WEST
                BANCORPORATION, INC.

            	 
	 	 
	
              By:

            	
              /s/
                Robert G. Pulver

            	 
	
              Robert
                G. Pulver

            	 
	
              Chair,
                Compensation Committee

            	 
	
              West
                Bancorporation, Inc.

            	 

    

    

    
      
        
        

      

      
        14THIS
      WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT
      HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
      “ACT”) OR ANY STATE SECURITIES LAWS. THIS WARRANT AND SUCH SECURITIES MAY NOT BE
      SOLD, OFFERED FOR SALE, OR OTHERWISE TRANSFERRED UNLESS
      AND UNTIL REGISTERED UNDER SAID ACT AND ANY APPLICABLE STATE SECURITIES LAWS,
      OR
      UPON RECEIPT BY THE COMPANY OF AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY
      THAT SUCH REGISTRATION IS NOT REQUIRED.

     

    2008-WWV2

    WARRANT
      TO PURCHASE SHARES

    OF
      THE COMMON STOCK OF

    

    ASKMENOW,
      INC.

    

    (Void
      after Expiration Date – March 27, 2011)

    

    Issue
      Date: March 27, 2008

    

    This
      certifies that White White & Van Etten PC, with a principal business address
      of 55 Cambridge Parkway, Cambridge, MA 02142 (or
      any
      valid transferee thereof, the “Holder”),
      for
      value received, shall be entitled to purchase from AskMeNow, Inc., a Delaware
      corporation having its principal place of business at 26 Executive Park, Suite
      250, Irvine, California 92614 (together with its successors and assigns, the
      “Company”),
      subject to the terms and conditions set forth herein, Two Hundred Thousand
      (200,000) fully paid and non-assessable shares of the Company’s common stock,
      par value $.01 per share (“Common
      Stock”),
      at a
      price equal to $.18 per share, at any time and from time to time commencing
      as
      of the issue date set forth above (the “Issue
      Date”)
      and
      continuing up to and including 12:00 p.m. (California time) on March 27, 2011
      (“Expiration
      Date”);
      provided,
      however,
      if such
      date is not a Business Day, then on the Business Day immediately following
      such
      date. The shares purchasable upon exercise of this Warrant, and the purchase
      price per share, each as adjusted from time to time pursuant to the provisions
      of this Warrant, are hereinafter sometimes referred to as the “Warrant
      Shares”
and
      the
“Exercise
      Price,”
      respectively.

     

    1. Exercise;
      Issuance of Certificates; Payment for Shares.

     

    1. General.
      This
      Warrant is exercisable upon the surrender to the Company at its principal place
      of business (or at such other location as the Company may advise the Holder
      in
      writing) of this Warrant properly endorsed with an exercise notice in
      substantially the form attached hereto as Schedule
      A
      duly
      completed and signed and, if applicable, upon payment in cash, certified or
      bank
      check or other immediately available funds of the aggregate Exercise Price
      for
      the number of Warrant Shares for which this Warrant is being exercised as
      determined in accordance with the provisions hereof. This Warrant is exercisable
      in whole or in part, in increments of 5,000 shares, and in no event shall any
      exercise hereof be for fewer than 5,000 Warrant Shares unless fewer than 5,000
      Warrant Shares are then purchasable under this Warrant. In
      the
      case of the exercise for less than all of the Warrant Shares represented by
      this
      Warrant, the Company shall cancel this Warrant certificate upon the surrender
      hereof and shall execute and deliver a new Warrant certificate or certificates
      of like tenor for the balance of the Warrant Shares for which this Warrant
      has
      not yet been exercised. The
      Company agrees that the shares of Common Stock purchased under this Warrant
      shall be deemed to be issued to the Holder hereof, and the Holder deemed to
      be
      the record owner of such shares, as of immediately prior to the close of
      business on the date on which the exercise notice attached hereto as
Schedule
      A
      is
      delivered, and this Warrant surrendered, to the Company as provided herein
      (such
      date, the “Exercise
      Date”).
      Certificates for the shares of Common Stock purchased upon exercise, together
      with any other securities or property to which the Holder is entitled upon
      such
      exercise, shall be delivered to the Holder by the Company at the Company’s
      expense within a reasonable time after the rights represented by this Warrant
      have been so exercised. Each Common Stock certificate so delivered shall be
      in
      such denominations as may be requested by the Holder hereof and shall be
      registered on the Company’s books in the name(s) designated by such
      Holder.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    1.2 Exercise
      for Cash.
      This
      Warrant may be exercised, in whole at any time or in part from time to time,
      commencing on the Issue Date and prior to 12:00 Noon (California time) on the
      Expiration Date, for cash by delivery of the exercise notice attached hereto
      as
Schedule
      A
      and
      surrender of this Warrant to the Company, together with proper payment of the
      aggregate Exercise Price payable hereunder for the Warrant Shares being
      purchased upon such exercise for cash. Payment for the Warrant Shares shall
      be
      made by cash, certified or bank check or wire transfer of immediately available
      funds to the Company. If this Warrant is exercised for cash in part, this
      Warrant must be exercised for a number of whole shares of the Common Stock,
      and
      the Holder is entitled to receive a new Warrant covering the shares for which
      this Warrant has not yet been exercised, in accordance with Section 1.1 above.
      Upon surrender of this Warrant and payment in full of the aggregate Exercise
      Price for the Warrant Shares then being purchased upon such exercise for cash,
      the Company will issue a certificate or certificates in the name of the Holder
      for the largest number of whole shares of the Common Stock to which the Holder
      shall be entitled, and deliver the other securities and properties receivable
      upon the exercise of this Warrant, or the proportionate part thereof if this
      Warrant is exercised in part, pursuant to the provisions of this Warrant, in
      accordance with Section 1.1 above.

    

    1.3 Cashless
      Exercise.
      In lieu
      of exercising this Warrant for cash as set forth in Section 1.2 above, the
      Holder may at any time and from time to time elect to receive, without the
      payment by the Holder of any additional consideration, shares of Common Stock
      equal to the value of this Warrant (or portion thereof) through a cashless
      exercise (a “Cashless
      Exercise”),
      as
      hereinafter provided. The Holder may effect a Cashless Exercise by surrendering
      this Warrant to the Company and noting on the Holder’s duly executed exercise
      notice attached hereto as Schedule
      A that
      the
      Holder wishes to effect a Cashless Exercise, upon which the Company shall issue
      to the Holder the number of shares determined as follows: 

    

    X
      = Y *
      (A-B) / A

    

    where:  

    

    X
      = the
      number of Warrant Shares to be issued to the Holder upon the Cashless
      Exercise;

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

      Y
        = the
        number of Warrant Shares with respect to which this Warrant is being
        exercised;

      

        A
          = the
          Market Price (as defined below) of one share of Common Stock as of the
          Exercise
          Date; and

      

      

      B
        = the
        Exercise Price (as adjusted, if applicable).

    

     

    “Market
      Price”
means,
      for any date, the average of the daily Closing Prices per share of Common Stock
      for the 10 consecutive trading days immediately prior to such date. The
“Closing
      Price”
per
      share of Common Stock for each day shall be the last sale price, regular way,
      or, in case no such sale takes place on such day, the average closing bid and
      asked prices, regular way, in either case as reported in the principal
      consolidated transaction reporting system with respect to securities listed
      or
      admitted to trading on the “Over the Counter Market” (“OTC
      BB”),
      the
      NASDAQ National Market System, the New York Stock Exchange or the American
      Stock
      Exchange, as applicable. If on any such trading day or days such securities
      are
      not quoted by any such organization, such trading day or days shall be replaced
      for purposes of the foregoing calculation by the requisite trading day or days
      preceding the commencement of such 10 trading day period on which such
      securities are so quoted. If shares of Common Stock are not so listed or traded,
      the Market Price shall mean the fair value per share of Common Stock as
      determined in good faith by the Board of Directors of the Company, whose
      determination shall be described in a notice to the Holder, based on (a) the
      most recently completed arm’s-length transaction between the Company and a
      person other than an existing shareholder or other affiliate of the Company,
      the
      closing of which occurred on such date or within the three-month period
      preceding such date, or (b) if no such transaction shall have occurred on such
      date or within such three-month period, the good faith reasonable judgment
      of
      the Board of Directors.

     

    For
      purposes of Rule 144, it is intended and acknowledged that the Warrant Shares
      issued in a Cashless Exercise transaction shall be deemed to have been acquired
      by the Holder, and the holding period for the Warrant Shares required by Rule
      144 shall be deemed to have been commenced, on the Issue Date. 

     

    1.4 Shares
      to be Fully Paid; Reservation of Shares.
      The
      Company covenants and agrees that all shares of Common Stock which may be issued
      upon the exercise of the rights represented by this Warrant will, upon issuance,
      be duly authorized, validly issued, fully paid and nonassessable and free from
      all preemptive rights of any shareholder and free of all taxes, liens and
      charges with respect to the issue thereof. The
      Company further covenants and agrees that, during the period within which the
      rights represented by this Warrant may be exercised, the Company will at all
      times have authorized and reserved, for the purpose of issue or transfer upon
      exercise of the subscription rights evidenced by this Warrant, a sufficient
      number of shares of authorized but unissued Common Stock when and as required
      to
      provide for the exercise of the rights represented by this Warrant. The
      Company will take all such action as may be reasonably necessary to assure
      that
      such shares of Common Stock may be issued as provided herein without violation
      of any applicable law or regulation, or of any requirements of any domestic
      securities exchange upon which the Common Stock or other securities may be
      listed; provided,
      however,
      that
      the Company shall not be required to effect a registration under federal or
      state securities laws with respect to any exercise hereunder. 

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    2. Determination
      or Adjustment of Exercise Price and Number of Shares.
      The
      Exercise Price and the number of Warrant Shares purchasable upon the exercise
      of
      this Warrant shall be subject to adjustment from time to time upon the
      occurrence of certain events described in this Section 2. Upon each adjustment
      of the Exercise Price, the Holder of this Warrant shall thereafter be entitled
      to purchase, at the Exercise Price resulting from such adjustment, the number
      of
      shares obtained by multiplying the Exercise Price in effect immediately prior
      to
      such adjustment by the number of shares purchasable pursuant hereto immediately
      prior to such adjustment, and dividing the product thereof by the Exercise
      Price
      resulting from such adjustment. 

     

    2.1 Subdivision
      or Combination of Common Stock.
      If at
      any time after the Issue Date hereof and prior to the exercise or Expiration
      Date hereof the Company shall subdivide or reclassify its outstanding shares
      of
      Common Stock into a greater number of shares, the Exercise Price in effect
      immediately prior to such subdivision shall be proportionately reduced, and
      conversely, in case the outstanding shares of Common Stock of the Company shall
      be combined or reclassified into a smaller number of shares, the Exercise Price
      in effect immediately prior to such combination shall be proportionately
      increased. Any adjustment under this Subsection 2.1 shall become effective
      at
      the close of business on the date the subdivision or combination becomes
      effective.

     

    2.2 Dividends
      in Common Stock or Other Stock or Securities.
      If at
      any time or from time to time after the Issue Date hereof and prior to the
      exercise or Expiration Date hereof the holders of Common Stock (or any shares
      of
      stock or other securities at the time receivable upon the exercise of this
      Warrant) shall have received or become entitled to receive, without payment
      therefor, shares of Common Stock or any shares of capital stock or other
      securities which are at any time directly or indirectly convertible into or
      exchangeable for Common Stock, or any rights or options to subscribe for,
      purchase or otherwise acquire any of the foregoing by way of dividend or other
      distribution, then and in each such case, the Holder shall, upon the exercise
      of
      this Warrant, be entitled to receive, in addition to the number of shares of
      Common Stock or other capital stock receivable thereupon, and without payment
      of
      any additional consideration therefor, the amount of stock and other securities
      which such Holder would hold on the date of such exercise had the Holder been
      the holder of record of such Common Stock as of the date on which holders of
      Common Stock received or became entitled to receive such shares or all other
      additional stock and other securities.

     

    2.3 Reorganization,
      Reclassification, Consolidation, Merger or Sale.
      If at
      any time after the Issue Date hereof and prior to the exercise or Expiration
      Date hereof any
      recapitalization, reclassification or reorganization of the capital stock of
      the
      Company, or any consolidation or merger of the Company with another corporation,
      or the sale of all or substantially all of its assets or other transaction
      shall
      be effected in such a way that holders of Common Stock shall be entitled to
      receive stock, securities, or other assets or property (an “Organic
      Change”),
      then,
      as a condition of such Organic Change, lawful and adequate provisions shall
      be
      made by the Company whereby the Holder hereof shall thereafter have the right,
      upon exercise of this Warrant, to purchase and receive (in lieu of the shares
      of the Common Stock of the Company immediately theretofore purchasable and
      receivable upon the exercise of the rights represented by this Warrant) such
      shares of stock, securities or other assets or property as may be issued or
      payable with respect to or in exchange for a number of outstanding shares of
      such Common Stock equal to the number of shares of such stock immediately
      theretofore purchasable and receivable upon the exercise of the rights
      represented by this Warrant. In the event of any Organic Change, appropriate
      provision shall be made by the Company with respect to the rights and interests
      of the Holder of this Warrant to the end that the provisions hereof (including,
      without limitation, provisions for adjustments of the Exercise Price and of
      the
      number of shares purchasable and receivable upon the exercise of this Warrant)
      shall thereafter be applicable, in relation to any shares of stock, securities
      or assets thereafter deliverable upon the exercise hereof. 

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    2.4 No
      Adjustments in Certain Cases.
      No
      adjustment in the number of Warrant Shares purchasable pursuant to this Warrant
      shall be required unless the adjustment would require an increase or decrease
      of
      at least one percent (1.0%) in the number of Warrant Shares then purchasable
      upon the exercise of this Warrant. Except as provided in this Section 2, no
      other adjustments in the number, kind or price of shares constituting Warrant
      Shares shall be made during the term, or upon the exercise, of this Warrant.
      Further, no adjustments shall be made pursuant to this Section 2 hereof in
      connection with the grant or exercise of presently authorized or outstanding
      options to purchase, or the issuance of shares of Common Stock under, the
      Company’s director or employee benefit, option and incentive plans.

     

    3. Issue
      Tax. The
      issuance of certificates for shares of Common Stock issuable upon the exercise
      of this Warrant shall be made without charge to the Holder for any issue tax
      (other than any applicable income taxes) in respect thereof; provided,
      however,
      that
      the Company shall not be required to pay any tax which may be payable in respect
      of any transfer of this Warrant or any Warrant Shares.

    

    4. No
      Voting or Dividend Rights; Limitation of Liability.
      Nothing
      contained in this Warrant shall be construed as conferring upon the Holder
      hereof the right to vote, give consent or receive notices as a shareholder
      of
      the Company. No dividends or interest shall be payable or accrued in respect
      of
      this Warrant, the interest represented hereby, or the shares purchasable
      hereunder until, and only to the extent that, this Warrant shall have been
      exercised. No provisions hereof, in the absence of affirmative action by the
      Holder to purchase shares of Common Stock, and no mere enumeration herein of
      the
      rights or privileges of the Holder hereof, shall give rise to any liability
      of
      such Holder for the Exercise Price or as a shareholder of the Company, whether
      such liability is asserted by the Company or by its creditors.

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    5. Piggyback
      Registration Rights.
      If, at
      any time during the three-year period commencing on the date hereof, the Company
      proposes or is required to file a registration statement registering any shares
      of Common Stock or securities convertible into or exchangeable for Common Stock
      (other than on Form S-4 or Form S-8, or such other forms as the U.S. Securities
      and Exchange Commission may hereafter promulgate for registration of securities
      in transactions for which Form S-4 or Form S-8 may be used as of the date
      hereof), whether or not for its own account, the Company shall give at least
      20
      days prior written notice to the Holder of its intention to do so. Upon written
      request by the Holder within 10 days after receipt of such notice, the Company
      shall use its commercially reasonable efforts to include in the securities
      to be
      registered by such registration statement all Warrant Shares that the Holder
      indicates in such notice that the Holder desires to sell, subject to the
      following terms and conditions: (a) if such registration statement is for a
      prospective underwritten offering, the Holder shall agree to (i) enter into
      an
      underwriting agreement, if required, in customary form with the underwriter
      or
      underwriters selected by the Company, and (ii) sell the Holder’s securities, if
      the Company so requests, on the same basis and upon the same terms as the other
      securities covered by such registration statement, other than securities
      proposed to be registered by the holders of the Preferred Stock (as defined
      below), and provided
      that if
      the number of shares requested by the Holder to be registered in such offering
      exceeds the amount of shares which the underwriters reasonably believe is
      compatible with the success of such underwritten offering, the Company shall
      only be required to include in such offering that number of shares requested
      to
      be registered by the Holder as the underwriters believe will not jeopardize
      the
      success of such offering, (b) if
      the
      number of shares the Company is able to register is limited due to Rule 415
      or
      other SEC shelf registration rules, the Company shall only be required to
      register the Warrant Shares the Holder elects to include on a pari
      passu basis
      with the other shares being registered, other than any shares proposed to be
      registered by the holders of the Preferred Stock; and (c) the Company may
      withdraw any such registration statement before it becomes effective or postpone
      the offering of securities contemplated by such registration statement without
      any obligation to the Holder or any other holder. The Company shall have
      exclusive control over the preparation and filing of any registration statement
      proposed to be filed under this Section 5 as well as any amendments and
      supplements thereto and the withdrawal or revocation thereof. The Company’s
      obligations pursuant to this Section 5 are subject to the Holder’s cooperation
      with respect to any such proposed registration, including but not limited to
      the
      provision of such information as may reasonably be requested by the Company,
      the
      underwriter(s) or any other authorized parties and the execution and delivery
      of
      such agreements (including indemnification and contribution agreements),
      instruments and documents as may be reasonably requested thereby, and the
      Holder’s compliance with all applicable laws. The Company shall pay all
      reasonable expenses incurred in connection with the registration contemplated
      hereby, including without limitation registration and filing fees, printing
      expenses, and fees and expenses of counsel for the Company. Notwithstanding
      the
      foregoing, underwriting discounts and commissions and transfer taxes relating
      to
      the Holder’s registered securities included in any registration hereunder, and
      all fees and expenses for counsel to the Holder, shall be borne and paid by
      the
      Holder. The registration rights and other rights granted in this Section 5
      are
      not assignable, in whole or in part, without the prior written consent of the
      Company. Notwithstanding anything to the contrary set forth herein, the Holder
      hereby expressly agrees and acknowledges that any registration rights of the
      Holder hereunder are subordinate to those of the holders of the Company’s 10%
      (PIK) Series A Preferred Stock and the Company’s 10% (PIK) Series B Preferred
      Stock (together, the “Preferred Stock”) and warrants issued to such holders in
      connection with the purchase and sale of the Preferred Stock.

    

    6. Modification
      and Waiver.
      This
      Warrant and any provision hereof may be changed, waived, discharged or
      terminated only by an instrument in writing signed by the party against which
      enforcement of the same is sought.

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    7. Transfer;
      Legends.
      

    

    (a) The
      Holder may sell, transfer, assign, pledge or otherwise dispose of this Warrant
      or the Warrant Shares, in whole or in part, so long as such sale or other
      disposition is made pursuant to an effective registration statement or an
      exemption from the registration requirements of the Act and applicable state
      securities laws, and provided
      that no
      sale, transfer, pledge or other disposition may be made to a competitor, direct
      or indirect, of the Company at any time. Upon such transfer or other disposition
      (other than a pledge), the Holder shall deliver this Warrant to the Company
      together with a written notice to the Company, substantially in the form of
      the
      transfer notice attached hereto as Schedule
      B,
      indicating the person or persons to whom this Warrant shall be transferred
      and,
      if less than all of this Warrant is transferred, the number of Warrant Shares
      to
      be covered by the part of this Warrant to be transferred to each such person.
      Within ten (10) business days of receiving a transfer notice and the original
      of
      this Warrant, the Company shall deliver to the each transferee designated by
      the
      Holder another Warrant(s) of like tenor and terms for the appropriate number
      of
      Warrant Shares and, if less than all this Warrant is transferred, shall deliver
      to the Holder another Warrant for the remaining number of Warrant Shares not
      so
      transferred. Until this Warrant is transferred on the books of the Company
      (with
      the Company’s consent), the Company may treat the person in whose name this
      Warrant is issued as the absolute
      owner hereof for all purposes, notwithstanding any notice to the
      contrary.

    

    (b) Each
      Warrant and certificate representing Warrant Shares shall bear a legend
      substantially in the following form:

     

    “THIS
      WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT
      HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
      “ACT”) OR ANY STATE SECURITIES LAWS. THIS WARRANT AND SUCH SECURITIES MAY NOT BE
      SOLD, OFFERED FOR SALE, OR OTHERWISE TRANSFERRED UNLESS
      AND UNTIL REGISTERED UNDER SAID ACT AND ANY APPLICABLE STATE SECURITIES LAWS,
      OR
      UPON RECEIPT BY THE COMPANY OF AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY
      THAT SUCH REGISTRATION IS NOT REQUIRED.”

     

    The
      foregoing legend shall be removed from the certificates representing any Warrant
      Shares, at the request of the holder thereof, at such time as they become
      eligible for resale pursuant to Rule 144 under the Act.

     

    8. Notices.
      Any
      notice required or permitted hereunder shall be given in writing (unless
      otherwise specified herein) and shall be deemed effectively given upon (a)
      personal delivery, against written receipt thereof, (b) delivery via facsimile
      with written confirmation, (c) one business day after deposit with Federal
      Express or another nationally recognized overnight courier service, or (d)
      five
      business days after being mailed, postage paid, via certified or registered
      mail, return receipt requested, addressed to each of the other parties thereunto
      entitled, at the addresses set forth on in the introductory paragraph hereof
      or
      at such other addresses as a party may designate by 10 days advance written
      notice.

    

    9. Binding
      Effect.
      This
      Warrant shall be binding upon and inure to the benefit of the parties hereto
      and
      their respective heirs, personal representatives, successors and permitted
      assigns.

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    10. Descriptive
      Headings and Governing Law.
      The
      description headings of the several sections and paragraphs of this Warrant
      are
      inserted for convenience only and do not constitute a part of this Warrant.
      This
      Warrant shall be construed and enforced in accordance with, and the rights
      of
      the parties shall be governed by the laws of the State of Delaware.

    

    11. Lost
      Warrants.
      Upon
      receipt of evidence reasonably satisfactory to the Company of the loss, theft,
      destruction, or mutilation of this Warrant and, in the case of any such loss,
      theft or destruction, upon receipt of an indemnity agreement or bond reasonably
      satisfactory to the Company, or in the case of any such mutilation upon
      surrender and cancellation of this Warrant, the Company, at its expense, will
      make and deliver a new Warrant, of like tenor, in lieu of the lost, stolen,
      destroyed or mutilated Warrant.

    

    12. Fractional
      Shares.
      No
      fractional shares shall be issued upon exercise of this Warrant. The Company
      shall,
      in
      lieu
      of issuing any fractional share, pay the Holder entitled to such fraction a
      sum
      in cash equal to such fraction multiplied by the then-effective Market
      Price.

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    In
      Witness Whereof, the
      Company has caused this Warrant to be duly executed by its officers, thereunto
      duly authorized this 27th
      day of
      March, 2008.

    

    
      	
              AskMeNow,
                Inc.,

            
	
              a
                Delaware corporation

            
	 
	
              By:

            	 
	 	
              Name:    Darryl
                Cohen

            
	 	
              Title:      President
                and CEO

            
	 	 
	 	
              Address:

            
	 	
              AskMeNow,
                Inc.

            
	 	
              26
                Executive Park, Suite 250

            
	 	
              Irvine,
                CA 92614

            
	 	
              Phone:
                (949) 861-2590

            
	 	
              Fax:
                (949) 861-2591

            
	 	
              E-mail:
                dcohen@askmenow.com

            

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    SCHEDULE
      A

     

    EXERCISE
      NOTICE

     

    Date:
      _________________, _______

     

    AskMeNow,
      Inc.

    Attn:
      Chief Executive Officer

     

    Ladies
      and Gentlemen:

     

    The
      undersigned hereby elects to exercise the Warrant issued to it by AskMeNow,
      Inc.
      (“Company”)
      dated
      ___________ __, 2007, which Warrant shall be surrendered herewith, and pursuant
      to the terms thereof hereby elects to exercise rights represented by said
      Warrant for, and to purchase thereunder, __________________ shares of the
      Company's Common Stock covered by said Warrant, at an Exercise Price of $____
      per share, and tenders herewith payment of the purchase price in full for such
      shares of $_________, by:

     

    
      	
              ______

            	
              (a)

            	
              cash,
                through the delivery of a certified or official bank check, or wire
                transfer or immediately available funds; or

            

    

    

    
      	
              ______

            	
              (b)

            	
              exercising
                the Cashless Exercise right provided under Section 1.3 of the Warrant
                by
                the surrender of said Warrant.

            

    

    

    The
      undersigned hereby requests that certificates for such shares (or any other
      securities or other property issuable upon such exercise) be issued in the
      name
      of and delivered to the undersigned at the address set forth below, or as
      otherwise set forth below.

     

    
      	
              Very
                truly yours,

            
	 
	 
	
              Name:

            
	
              Address:

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SCHEDULE
      B

     

    TRANSFER
      NOTICE

    

    To
      Be
      Executed by the Holder

    in
      Order
      to Assign Warrants

    

    FOR
      VALUE
      RECEIVED, ________________________________________ hereby sells, assigns and
      transfers all of the rights of the undersigned under the attached Warrant (No.
      ____) with respect to the number of shares of Common Stock of AskMeNow, Inc.
      covered thereby set forth below, unto:

     

    
      	
              Name
                of Assignee

            	 	
              Address

            	 	
              No.
                of Shares

            	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 

    

    The
      undersigned hereby irrevocably constitutes and appoints the Chief Executive
      Officer of the Company as the undersigned’s attorney to transfer this Warrant
      certificate on the books of the Company, with full power of substitution in
      the
      premises.

    

      
        	
                Dated:
                  

              	 	 	
                Signature:

              	 
	 	 	 	 	 
	
                Signature
                  Guaranteed:

              	 	 
	 	 	 
	
                By:

              	 	 	 

      

       

    

    The
      signature should be guaranteed by an eligible guarantor institution (banks,
      stockbrokers, savings and loan associations and credit unions with membership
      in
      an approved signature guarantee medallion program) pursuant to Rule 17A
      under the Securities Exchange Act of 1934, as amended.

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