Document:

Unassociated Document

     

    
      GERMAN
AMERICAN BANCORP, INC.

       

      Offer
of 8% Redeemable Subordinate Debentures due 2019

      Pursuant
to Subscription Rights

       

      [   ],
2009

      To Our
Clients:

       

      Enclosed
for your consideration are a prospectus, dated [  ], 2009, and
Instructions as to use of GABC Rights Certificates relating to the offering (the
"Rights Offering") by German American Bancorp, Inc. ("GABC") of 8% redeemable
subordinated debentures due 2019 (the "Debentures") pursuant to non-transferable
subscription rights (the "Rights") being distributed to all holders of record of
shares of GABC’s common shares, no par value (the "Common Stock"), at the close
of business on [  ], 2009 (the "Record Date"). The Rights and
Debentures are described in the Prospectus.

       

      The
Rights will expire, if not exercised, at 5:00 p.m., New York City time, on
[  ], 2009, unless extended in the sole discretion of GABC (as it may
be extended, the "Expiration Date").

       

      As
described in the accompanying Prospectus, you will receive one (1) Right for
each share of Common Stock carried by us in your account as of the close of
business on the Record Date.

       

      Each
Right entitles you to subscribe for $1.36 in principal amount of Debentures at a
subscription price of 100% of the principal amount (the "Subscription Price")
(the "Basic Subscription Privilege").  Debentures are being issued in
denominations of $10,000 and integral multiples of $10,000.  You may
round up the principal amount of your Basic Subscription Privilege to the next
highest integral multiple of $10,000 (the "Rounding-Up
Privilege").  For example, if you hold 5,000 shares, you would have
5,000 Rights, exercisable for $6,800 in principal amount of Debentures under the
Basic Subscription Privilege, but would be entitled to subscribe to purchase
$10,000 in principal amount of Debentures under the Rounding-Up
Privilege.  If you exercise your Basic Subscription Privilege in full
including your Rounding-Up Privilege, you may also exercise an over-subscription
privilege (the "Over-Subscription Privilege") to purchase additional Debentures
that remain unsubscribed for at the expiration of the Rights Offering. If
holders subscribe to purchase a greater principal amount of Debentures than is
available to be purchased pursuant to the Rights Offering, GABC will allocate
the Debentures to be issued in accordance with the method for allotting
Debentures described in the Prospectus.  See "The Rights Offering –
Allocation Procedures if Subscriptions Exceed Offering Size."  Excess
subscription payments will be returned to subscribers without
interest.

       

      The
Rights will be evidenced by non-transferable Rights certificates (the "Rights
Certificates") and will cease to have any value at the close of business on the
Expiration Date.

       

      THE
MATERIALS ENCLOSED ARE BEING FORWARDED TO YOU AS THE BENEFICIAL OWNER OF COMMON
STOCK CARRIED BY US IN YOUR ACCOUNT BUT NOT REGISTERED IN YOUR NAME. EXERCISES
OF RIGHTS MAY BE MADE ONLY BY US AS THE RECORD OWNER AND PURSUANT TO YOUR
INSTRUCTIONS.

       

      Accordingly,
we request instructions as to whether you wish us to elect to subscribe for any
Debentures to which you are entitled pursuant to the terms and subject to the
conditions set forth in the enclosed Prospectus. However, we urge you to read
the document carefully before instructing us to exercise your
Rights.

       

      Your
instructions to us should be forwarded as promptly as possible in order to
permit us to exercise or sell Rights on your behalf in accordance with the
provisions of the Rights Offering.  The Rights Offering will expire at
5:00 p.m., New York City time, on the Expiration Date. Once you have exercised
the Basic Subscription Privilege, the Rounding-Up Privilege and the
Over-Subscription Privilege, such exercise may not be
revoked.

       

      If you
wish to have us, on your behalf, exercise the Rights for any Debentures to which
you are entitled, please so instruct us by completing, executing and returning
to us the instruction form on the reverse side of this letter.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Any
questions or requests for assistance concerning the rights offering should be
directed to:

       

      The
Information Agent for the Rights Offering is:

       

      

       

       

      BENEFICIAL
OWNER ELECTION FORM

       

      INSTRUCTIONS

       

      The
undersigned acknowledge(s) receipt of your letter and the enclosed materials
referred to therein relating to the offering of 8% redeemable subordinated
debentures due 2019 (the "Debentures ") of German American Bancorp, Inc.
("GABC").

       

      This will
instruct you whether to exercise Rights to purchase Debentures distributed with
respect to the shares of Common Stock held by you for the account of the
undersigned, pursuant to the terms and subject to the conditions set forth in
the Prospectus and the related "Instructions as to Use of GABC Rights
Certificates."

       

      Box
1.   ̈
Please DO NOT EXERCISE RIGHTS for Debentures.

       

      Box
2.   ̈
Please EXERCISE RIGHTS for Debentures as set forth below.

       

      
        	 
      	
                Principal Amount of Debentures Subscribed
      For*

              	 
      	
                 

                Payment**

              
	
                Basic
      Subscription Privilege with Rounding-Up Privilege

              	
                _________________  x

              	 
      	
                $_____________(Line
      1)

              
	
                Over-Subscription
      Privilege

              	
                _________________  x

              	 
      	
                $_____________
      (Line 2)

              
	
                Total
      Payment Required

              	 
      	 
      	
                $_____________
      (Sum of Lines 1 and 2)

              

      

       

      * Must be
in denominations of $10,000 or integral multiples thereof

       

      **100% of
principal amount * 100% of principal amount

       

      

      Box
3.   ̈
Payment in the following amount is enclosed: $____________.

       

      Box
4.   ̈
Please deduct payment of $ ____________ from the following account maintained by
you as follows:

       

       

      
        	___________________________ 	 	____________________________ 
	Type of
      Account	 	Account
  No.
	 	 	 
	 	 	____________________________ 
	 	 	Signature(s)

      

      
 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Date:                                                                           Please
type or print name(s) below:

                                                                                          
________________________________

       

      
                                                                                            
________________________________Unassociated Document

     

    
      NOTICE
OF GUARANTEED DELIVERY

      FOR

      RIGHTS
CERTIFICATES

      ISSUED
BY

      GERMAN
AMERICAN BANCORP, INC.

       

      This
form, or one substantially equivalent hereto, must be used to exercise Rights to
subscribe to purchase 8% redeemable subordinated debentures due 2019
("Debentures") of German American Bancorp, Inc., an Indiana corporation
("GABC"), pursuant to the Rights Offering described in GABC's prospectus dated
[  ], 2009 (the "Prospectus") if a holder of Rights cannot deliver the
certificate(s) evidencing the Rights (the "Rights Certificate(s)"), to the
Subscription Agent listed below at or prior to 5:00 p.m., New York City time, on
[   ], 2009, unless such time is extended by GABC as described in
the Prospectus (as it may be extended, the "Expiration Date"). Such form must be
delivered by facsimile transmission, first class mail or overnight courier to
the Subscription Agent, and must be received by the Subscription Agent on or
prior to the Expiration Date.

       

      Payment
of the Subscription Price of 100% of the principal amount of Debentures
subscribed for upon exercise of such Rights must be received by the Subscription
Agent in the manner specified in the Prospectus at or prior to 5:00 p.m., New
York City time, on the Expiration Date even if the Rights Certificate(s)
evidencing such Rights is (are) being delivered pursuant to the Guaranteed
Delivery Procedures thereof.

       

      All
deliveries must be addressed to Computershare Trust Company, the subscription
agent for the Rights Offering (the "Subscription Agent"), as
follows:

       

      
        	
                By
      First Class Mail:

                 

                Computershare
      Trust Company

                P.O.
      Box 859208

                Braintree
      MA 02815-9208

                Attn:
      Voluntary Corporate Actions

                 

              	 
      	
                By
      Registered, Certified, or Overnight Courier:

                 

                Computershare
      Trust Company

                161
      Bay State Drive

                Braintree,
      MA 02184

                Attn:
      Voluntary Corporate Actions

              
	
                By
      facsimile transmission: (For Eligible Institutions Only)

                [  (781)
      930
  -4942        ]

              

      

       

      You
should confirm receipt of all facsimile transmissions by calling Computershare
Trust Company at [  (781) 930 -4900  ].

       

       

      You may
obtain additional information regarding the Rights Offering from the Information
Agent:

       

      The
Information Agent for the Rights Offering is:

       

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Ladies
and Gentlemen:

       

      The
undersigned hereby represents that the undersigned is the holder of Rights
Certificate(s) representing Right(s) and that such Rights Certificate(s) cannot
be delivered to the Subscription Agent at or before 5:00 p.m., New York City
time, on the Expiration Date. Upon the terms and subject to the conditions set
forth in the Prospectus, receipt of which is hereby acknowledged, the
undersigned hereby elects to exercise, subject to availability and proration,
(i) the Basic Subscription Privilege and Rounding-Up Privilege to subscribe to
purchase __________ in principal amount of Debentures (must be a denomination of
$10,000 or an integral multiple thereof) and (ii) the Over-Subscription
Privilege relating to such Rights, to the extent that Debentures that are not
otherwise purchased pursuant to the exercise of Rights are available therefor,
for an aggregate of __________ (must be a denomination of $10,000 or an integral
multiple thereof) in principal amount of Debentures.

       

      The
undersigned understands that payment of the Subscription Price of 100% of
principal amount for all Debentures subscribed for pursuant to the Basic
Subscription Privilege, the Rounding-Up Privilege and the Over-Subscription
Privilege must be received by the Subscription Agent at or before 5:00 p.m., New
York City time, on the Expiration Date and represents that such payment, in the
aggregate amount of $___________either (check appropriate box):

       

       ̈           is
being delivered to the Subscription Agent herewith

       

      OR

       

      
        	
                 
      

              	
                 ̈

              	
                has
      been delivered separately to the Subscription Agent in the manner set
      forth below (check appropriate box and complete information relating
      thereto):

              

      

       

      
        	
                 
      

              	
                 ̈

              	
                Uncertified
      check (Payment by uncertified check will not be deemed to have been
      received by the Subscription Agent until such check has cleared. Holders
      paying by such means are urged to make payment sufficiently in advance of
      the Expiration Date to ensure that such payment clears by such
      date.)

              

      

       

      
        	
                 
      

              	
                 ̈

              	
                certified
      or cashier’s check drawn upon a U.S.
bank

              

      

       

      
        	
                 
      

              	
                 ̈

              	
                U.S.
      postal money order

              

      

       

      
        Date of
check, draft or money order:

      

       

      
        Check,
draft or money order number:

      

       

      
        Bank on
which check is drawn:

      

       

      
        	
                Signatures

              	 
      	
                Address:

                 

              
	
                Name(s)

              	 
      	
                 

                 

              
	 
      	
                (Please
      type or print)

              	
                 

                 
      

              
	 
      	 
      	
                (Area
      code and Tel. #)

              
	
                Rights
      Certificate No(s). (if available):

              

      

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      GUARANTEE
OF DELIVERY

      (Not
To Be Used For Rights Certificate Signature Guarantee)

       

      The
undersigned, a member firm of a registered national securities exchange or of
the Financial Industry Regulatory Authority, or a commercial bank or trust
company having an office or correspondent in the United States, or a bank,
stockbroker, savings and loan association or credit union with membership in an
approved signature guarantee medallion program, pursuant to Rule 17Ad-15 of the
Securities Exchange Act of 1934, as amended, guarantees that the undersigned
will deliver to the Subscription Agent the certificates representing the Rights
being exercised hereby, with any required signature guarantee and any other
required documents, all within three (3) business days after the date
hereof.

       

      

       

      Dated:

      __________________________________________

       

      (Authorized Signature)

       

      

      __________________________________________

       

      (Name of Firm)

       

      

      __________________________________________

       

      (Address

       

      

      __________________________________________

       

      (Area code and Tel. #)

       

      The
institution which completes this form must communicate the guarantee to the
Subscription Agent and must deliver the Rights Certificate(s) to the
Subscription Agent within the time period specified above. Failure to do so
could result in a financial loss to such institution.

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