HEARTLAND FINANCIAL USA INC
EXHIBIT101090707 AGREEMENT
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit101090707.htm
<DESCRIPTION>EXHIBIT101090707 AGREEMENT
<TEXT>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>CHANGE
      OF CONTROL AGREEMENT</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">THIS
      CHANGE OF CONTROL AGREEMENT (this &#8220;<strong>Agreement</strong>&#8221;) is made as of
      the <strong>[__]</strong> day of <strong>[_________________]</strong> 2007, (the
&#8220;<strong>Effective Date</strong>&#8221;) by and between HEARTLAND
      FINANCIAL USA, INC.,
      an Iowa corporation, (the &#8220;<strong>Company</strong>&#8221;) and &#171;Employee&#187; (the
&#8220;<strong>Employee</strong>&#8221;).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>RECITALS</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>A.</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
      Employee is currently serving as an employee of the Company or one of its
      Affiliates.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>B.</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
      Company desires to continue to employ the Employee as an employee of the Company
      or one of its Affiliates and the Employee is willing to continue such
      employment.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>C.</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
      Company recognizes that circumstances may arise in which a change of control
      of
      the Company through acquisition or otherwise may occur thereby causing
      uncertainty of employment without regard to the competence or past contributions
      of the Employee, which uncertainty may result in the loss of valuable services
      of the Employee, and the Company and the Employee wish to provide reasonable
      security to the Employee against changes in the employment relationship in
      the
      event of any such change of control.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>NOW,
      THEREFORE, </strong>in consideration of the premises and of the covenants and
      agreements hereinafter contained, it is covenanted and agreed by and between
      the
      parties hereto as follows:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>1.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Payment
      of Severance Amount</u></strong>.&#160;&#160;If the Employee&#8217;s employment by the
      Company, or any Affiliate or successor of the Company, shall be subject to
      a
      Termination within the Covered Period, then the Company shall provide the
      Employee the following benefits:</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>A.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Commencing
      on the Termination Date, the Employee shall receive the applicable Severance
      Amount (less any amount described in <strong>Section </strong><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">1<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">B
      </font></font>below) paid in twelve (12) substantially equal monthly
      installments, with each successive payment being due on the monthly anniversary
      of the Termination Date.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>B.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">To
      the
      extent any portion of the applicable Severance Amount exceeds the &#8220;safe harbor&#8221;
amount described in Treasury Regulations Section 1.409A-1(b)(9)(iii)(A), the
      Employee shall receive such portion of the applicable Severance Amount that
      exceeds the &#8220;safe harbor&#8221; amount in a single lump sum payment payable within
      five (5) days after the Employee&#8217;s Termination that is related to the Change of
      Control.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>C.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Within
      five (5) days after the Employee&#8217;s Termination that is related to the Change of
      Control, the Company shall pay the Employee a lump sum payment in an amount
      equal to the sum of all amounts earned or accrued through the Termination Date,
      including any annual salary, bonus, vacation pay, sick pay or other paid time
      off, which has accrued but has not been paid or used.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      Employee&#8217;s rights following a Termination with respect to any benefits,
      incentives or awards provided to the Employee pursuant to the terms and
      conditions of any plan, program or arrangement sponsored or maintained by the
      Company, whether tax-qualified or not, including but not limited to the
      Company&#8217;s 2005 Long-Term Incentive Plan, which are not specifically addressed
      herein, shall be subject to the terms and conditions of such plan, program
      or
      arrangement and this Agreement shall have no effect upon such terms and
      conditions except as specifically provided herein.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>2.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Definitions</u></strong>.&#160;&#160;As
      used throughout this Agreement, all of the terms defined in this paragraph
      2
      shall have the meanings given below.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>A.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">An
      &#8220;<strong>Affiliate</strong>&#8221; shall mean any entity which owns or controls, is
      owned by or is under common ownership or control with, the Company.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>B.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;<strong>Base
      Compensation</strong>&#8221; shall mean the amount equal to the sum of (i) the greater
      of Employee&#8217;s then-current annual salary or the Employee&#8217;s annual salary as of
      the date one (1) day prior to the Change of Control; (ii) the average of the
      three (3) most recent bonuses paid to the Employee; and (iii) the average of
      the
      three (3) most recent contributions made by the Company on behalf of the
      Employee to the Company&#8217;s tax-qualified retirement plans (which, as of the date
      hereof, includes the profit sharing plan, the money purchase pension plan and
      the 401(k) plan).</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>C.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">A
      &#8220;<strong>Change of Control</strong>&#8221; shall mean:</font></div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(i)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">the
                consummation of the acquisition by any person (as such term is defined
                in
                Section 13(d) or 14(d) of the Securities Exchange Act of 1934, as
                amended
                (the &#8220;<strong>1934 Act</strong>&#8221;)) of beneficial ownership (within the
                meaning of Rule 13d-3 promulgated under the 1934 Act) of fifty-one
                percent
                (51%) or more of the combined voting power of the then outstanding
                Voting
                Securities of the Company; or</font></div>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(ii)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">the
                individuals who, as of the date hereof, are members of the Board
                of
                Directors of the Company (the &#8220;<strong>Board</strong>&#8221;) cease for any
                reason to constitute a majority of the Board, unless the election,
                or
                nomination for election by the stockholders, of any new director
                was
                approved by a vote of a majority of the Board, and such new director
                shall, for purposes of this Agreement, be considered as a member
                of the
                Board; or</font></div>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(iii)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">the
                consummation by the Company of:&#160;&#160;(1) a merger or consolidation
                if the stockholders, immediately before such merger or consolidation,
                do
                not, as a result of such merger or consolidation, own, directly or
                indirectly, more than fifty-one percent (51%) of the combined voting
                power
                of the then outstanding Voting Securities of the entity resulting
                from
                such merger or consolidation in substantially the same proportion
                as their
                ownership of the combined voting power of the Voting Securities of
                the
                Company outstanding immediately before such merger or consolidation;
                or
                (2)&#160;a complete liquidation or dissolution or an agreement for the
                sale or other disposition of all or substantially all of the assets
                of the
                Company.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Notwithstanding
      the foregoing, a Change of Control shall not be deemed to occur solely because
      fifty-one percent (51%) or more of the combined voting power of the then
      outstanding securities of the Company are acquired by:&#160;&#160;(1) a trustee
      or other fiduciary holding securities under one or more employee benefit plans
      maintained for employees of the entity; or (2) any corporation which,
      immediately prior to such acquisition, is owned directly or indirectly by the
      stockholders in the same proportion as their ownership of stock immediately
      prior to such acquisition.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>D.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;<strong>Covered
      Period</strong>&#8221; shall mean the period beginning six (6) months prior to a
      Change of Control and ending twenty-four (24) months after a Change of
      Control.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>E.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;<strong>Good
      Reason</strong>&#8221; shall mean the Employee&#8217;s voluntary Termination of employment
      for one or more of the following reasons; <em>provided, however</em>, that for
      any of the following events that occur during the six (6) month period prior
      to
      a Change of Control, the Employee may only voluntarily terminate employment
      for
      Good Reason based upon such circumstances by giving written notice (as described
      below) on or before the date which is 30 days following such Change of
      Control:</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(i)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">an
                adverse change in the nature, scope or status of the Employee&#8217;s position,
                authorities or duties from those in effect immediately prior to the
                Covered Period, including, without limitation, if the Employee ceases
                to
                be an executive officer of a public company, if immediately prior
                to the
                Covered Period the Employee was an executive officer of a public
                company;</font></div>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(ii)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">a
                reduction in Employee&#8217;s annual salary, bonus opportunity, benefits, or
                other compensation plan;</font></div>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(iii)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">relocation
                of Employee&#8217;s primary place of employment of more than 50 miles from
                Employee&#8217;s primary place of employment prior to the Covered Period or a
                requirement that Employee engage in travel that is materially greater
                than
                prior to the Covered Period;</font></div>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(iv)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">failure
                by the acquirer to assume this Agreement at the time of the Change
                of
                Control, or;</font></div>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(v)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">a
                material breach by the Company, or its successor, of this
                agreement.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Notwithstanding
      the foregoing, prior to the Employee&#8217;s voluntary Termination for Good Reason,
      the Employee must give the Company written notice of the existence of any
      condition set forth in clause (i) &#8211; (v) above within 90 days of such initial
      existence and the Company shall have 30 days from the date of such notice in
      which to cure the condition giving rise to Good Reason, if
      curable.&#160;&#160;If, during such 30-day period, the Company cures the
      condition giving rise to Good Reason, no benefits shall be due under paragraph
      1
      of this Agreement with respect to such occurrence.&#160;&#160;If, during such
      30-day period, the Company fails or refuses to cure the condition giving rise
      to
      Good Reason, the Employee shall be entitled to benefits under paragraph 1 of
      this Agreement upon such Termination; provided such Termination occurs within
      24
      months of such initial existence of the applicable condition.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>F.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;<strong>Severance
      Amount</strong>&#8221; shall mean an amount equal to <strong>[2.0 &#8211; Fuller] [1.75 &#8211;
Schmidt] [1.50 &#8211; Erickson and Everts] [1.0 - others]</strong> times the
      Employee&#8217;s Base Compensation.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>G.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;<strong>Termination</strong>&#8221;
      shall mean termination of the Employee&#8217;s employment either:</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(i)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">by
                the Company or its successor, as the case may be, other than a Termination
                for Cause or any termination as a result of death or disability;
                or</font></div>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(ii)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">by
                the Employee for Good Reason.</font></div>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(iii)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Voluntary
                retirement by the Employee shall not constitute a &#8220;Termination&#8221; hereunder,
                unless it otherwise constitutes a Good Reason
                termination.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>H.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;<strong>Termination
      Date</strong>&#8221; shall mean the date of employment termination indicated in the
      written notice provided by the Company or the Employee to the
      other.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>I.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;<strong>Termination
      for Cause</strong>&#8221; shall mean only a termination by the Company as a result of:
</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(i)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Employee&#8217;s
                willful and continuing failure, that is not remedied within twenty
                days
                after receipt of written notice of such failure from the Company,
                to
                perform his obligations hereunder; </font></div>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(ii)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Employee&#8217;s
                conviction of, or the pleading of nolo contendre to, a crime of
                embezzlement, fraud or a felony under the laws of the United States
                or any
                state thereof;</font></div>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(iii)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Employee&#8217;s
                breach of fiduciary responsibility; or</font></div>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(iv)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">an
                act of dishonesty by Employee which is materially injurious to the
                Company.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Any
      determination of Cause under this Agreement shall be made by resolution adopted
      by unanimous vote of the Board at a meeting called and held for that
      purpose.&#160;&#160;Employee shall be provided with reasonable notice of such
      meeting and shall be given the opportunity to be heard, with the presence of
      counsel, prior to the vote being taken by the Board.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>J.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;<strong>Voting
      Securities</strong>&#8221; shall mean any securities which ordinarily possess the
      power to vote in the election of directors without the happening of any
      pre-condition or contingency.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>3.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Excise
      Tax Limitation</u>.</strong></font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>A.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">It
      is the
      intention of the Company and the Employee that no portion of any payment under
      this Agreement, or payments to or for the benefit of the Employee under any
      other agreement or plan, be deemed to be an &#8220;Excess Parachute Payment&#8221; as
      defined in Section 280G of the Internal Revenue Code of 1986, as amended (the
      &#8220;<strong>Code</strong>&#8221;), or its successors.&#160;&#160;It is agreed that the
      present value of and payments to or for the benefit of the Employee in the
      nature of compensation, receipt of which is contingent on the Change of Control,
      and to which Section 280G of the Code applies (in the aggregate &#8220;<strong>Total
      Payments</strong>&#8221;) shall not exceed an amount equal to one dollar less than the
      maximum amount which the Company may pay without loss of deduction under Section
      280G(a) of the Code.&#160;&#160;Present value for purposes of this Agreement
      shall be calculated in accordance with Section 280G(d)(4) of the
      Code.&#160;&#160;Within one hundred and twenty (120) days following the earlier
      of (A) the giving of the notice of termination or (B) the giving of notice
      by
      the Company to the Employee of its belief that there is a payment or benefit
      due
      the Employee which will result in an excess parachute payment as defined in
      Section 280G of the Code, the Employee and the Company, at the Company&#8217;s
      expense, shall obtain the opinion of an Independent Advisor (as defined below),
      which opinion need not be unqualified, which sets forth (A) the Employee&#8217;s
      applicable Base Amount (as defined under Section 280G of the Code), (B) the
      present value of Total Payments and (C) the amount and present value of any
      excess parachute payments.&#160;&#160;In the event that such opinion determines
      that there would be an excess parachute payment, the payment hereunder or any
      other payment determined by such Independent Advisor to be includable in Total
      Payments shall be modified, reduced or eliminated as specified by the Employee
      in writing delivered to the Company within ninety (90) days of his receipt
      of
      such opinions or, if the Employee fails to so notify the Company, then as the
      Company shall reasonably determine, so that under the bases of calculation
      set
      forth in such opinions there will be no excess parachute payment.&#160;&#160;The
      provisions of this paragraph, including the calculations, notices and opinion
      provided for herein shall be based upon the conclusive presumption that (A)
      the
      compensation and benefits provided for in <strong>Section&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">2.B</font></strong>
      hereof and (B) any other compensation earned by the Employee pursuant to the
      Company&#8217;s compensation programs which would have been paid in any event, are
      reasonable compensation for services rendered, even though the timing of such
      payment is triggered by the Change of Control.&#160;&#160;In the event that the
      provisions of Sections 280G and 4999 of the Code are repealed without
      succession, this paragraph shall be of no further force or effect.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>B.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      Company and the Employee hereby recognize that the restrictive covenants under
      <strong>Section </strong><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">6</font>have
      value and that the value shall be recognized in the Section 280G
      calculations by an allocation of a portion of the termination benefits to the
      restrictive covenant provisions based on the fair market value of such
      restrictive covenant provisions.&#160;&#160;The Independent Advisor shall make
      the determination of the fair value to be allocated to the restrictive covenant
      provisions.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>C.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">For
      purposes of this Agreement, &#8220;<strong>Independent Advisor</strong>&#8221; shall mean an
      independent nationally recognized accounting firm approved by the Company and
      the Employee, where such approval shall not be unreasonably withheld by either
      party.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>4.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Medical
      and Dental Benefits</u></strong>.&#160;&#160;If the Employee&#8217;s employment by the
      Company or any Affiliate or successor of the Company shall be subject to a
      Termination within the Covered Period, then to the extent that the Employee
      or
      any of the Employee&#8217;s dependents may be covered under the terms of any medical
      and dental plans of the Company (or any Affiliate) for active employees
      immediately prior to the termination, the Company will provide the Employee
      and
      those dependents with equivalent coverages for <strong>[</strong>the shorter of
      (A)&#160;<strong>[twenty-four (24) months &#8211; Fuller] [twenty-one (21) months -
      Schmidt]</strong> or (B)&#160;the maximum period allowed pursuant to Treasury
      Regulations Section 1.409A-1(b)(9)(v) which would be exempt from the definition
      of &#8220;deferred compensation&#8221; thereunder<strong>] [a period not to exceed [eighteen
      (18) months &#8211; Erickson and Everts] [twelve (12) months &#8211; others]]</strong>, with
      the Employee required to make no contribution to such Insurance Benefit during
      such period.&#160;&#160;The coverages may be procured directly by the Company
      (or any Affiliate, if appropriate) apart from, and outside of the terms of
      the
      plans themselves; provided that the Employee and the Employee&#8217;s dependents
      comply with all of the conditions of the medical or dental plans, with the
      cost
      to the Company not to exceed the cost for continued COBRA
      coverage.&#160;&#160;In the event the Employee or any of the Employee&#8217;s
      dependents become eligible for coverage under the terms of any other medical
      and/or dental plan of a subsequent employer which plan benefits are comparable
      to Company (or any Affiliate) plan benefits, coverage under Company (or any
      Affiliate) plans will cease for the eligible Employee and/or
      dependent.&#160;&#160;The Employee and Employee&#8217;s dependents must notify the
      Company (or any Affiliate) of any subsequent employment and provide information
      regarding medical and/or dental coverage available.&#160;&#160;In the event the
      Company (or any Affiliate) discovers that the Employee and/or dependent has
      become employed and not provided the above notification, all payments and
      benefits under this Agreement will cease.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>5.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Out-Placement
      Counseling</u></strong>.&#160;&#160;If the Employee&#8217;s employment by the Company
      or any Affiliate or successor of the Company shall be subject to a Termination
      within the Covered Period, the Company will provide out-placement counseling
      assistance in the form of either (i)&#160;reimbursement of the expenses incurred
      for such assistance within the twelve (12) month period following the
      Termination Date, or (ii) a pre-paid executive-level program, in either case,
      the amount shall not exceed one-quarter (1/4) of the Employee&#8217;s Base
      Compensation on the Termination Date.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>6.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Restrictive
      Covenants</u>.</strong></font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>A.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Confidential
      Information</u></strong><strong>.&#160;&#160;</strong>Employee acknowledges
      that, during the course of his&#160;&#160;employment with the Company, Employee
      may produce and have access to confidential and/or proprietary non-public
      information concerning the Company and its Affiliates, including marketing
      materials, financial and other information concerning customers and prospective
      customers, customers lists, records, data, trade secrets, proprietary business
      information, pricing and profitability information and policies, strategic
      planning, commitments, plans, procedures, litigation, pending litigation and
      other information not generally available to the public (collectively,
&#8220;<strong>Confidential Information</strong>&#8221;).&#160;&#160;Employee agrees not to
      directly or indirectly use, disclose, copy or make lists of Confidential
      Information for the benefit of anyone other than the Company, either during
      or
      after his&#160;&#160;employment with the Company, except to the extent that such
      information is or thereafter becomes lawfully available from public sources,
      or
      such disclosure is authorized in writing by the Company, required by law or
      any
      competent administrative agency or judicial authority, or otherwise as
      reasonably necessary or appropriate in connection with performance by Employee
      of his&#160;&#160;duties hereunder.&#160;&#160;Employee agrees that, if he
      receives a subpoena or other court order or is otherwise required by law to
      provide information to a governmental authority or other person concerning
      the
      activities of the Company or any of its Affiliates, or his&#160;&#160;activities
      in connection with the business of the Company or any of its Affiliates,
      Employee will immediately notify the Company of such subpoena, court order
      or
      other requirement and deliver forthwith to the Company a copy thereof and any
      attachments and non-privileged correspondence related
      thereto.&#160;&#160;Employee shall take reasonable precautions to protect
      against the inadvertent disclosure of Confidential
      Information.&#160;&#160;Employee agrees to abide by the Company&#8217;s reasonable
      policies, as in effect from time to time, respecting avoidance of interests
      conflicting with those of the Company and its Affiliates.&#160;&#160;In this
      regard, Employee shall not directly or indirectly render services to any person
      or entity where Employee&#8217;s service would involve the use or disclosure of
      Confidential Information.&#160;&#160;Employee agrees not to use any Confidential
      Information to guide him in searching publications or other publicly available
      information, selecting a series of items of knowledge from unconnected sources
      and fitting them together to claim that he did not violate any agreements set
      forth in this Agreement.&#160;&#160;For purposes of this Agreement, the
      Company&#8217;s &#8220;<strong>Affiliates</strong>&#8221; include each company, corporation,
      partnership, bank, savings bank, savings and loan association, credit union
      or
      other financial institution, directly or indirectly, which is controlled by,
      controls, or is under common control with, the Company, and &#8220;control&#8221; means
      (x)&#160;the ownership of 51% or more of the voting securities or other voting
      interest or other equity interest of any corporation, partnership, joint venture
      or other business entity, or (y)&#160;the possession, directly or indirectly, of
      the power to direct or cause the direction of the management and policies of
      such corporation, partnership, joint venture or other business
      entity.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>B.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Documents
      and Property</u></strong><strong>.&#160;&#160;</strong>All records, files,
      documents and other materials or copies thereof relating to the business of
      the
      Company and its Affiliates, which Employee shall prepare, receive, or use,
      shall
      be and remain the sole property of the Company and, other than in connection
      with performance by Employee of his&#160;&#160;duties hereunder, shall not be
      removed from the premises of the Company or any of its Affiliates without the
      Company&#8217;s prior written connect, and shall be promptly returned to the Company
      upon Employee&#8217;s termination of employment together with all copies (including
      copies or recordings in electronic form), abstracts, notes or reproductions
      of
      any kind made from or about the records, files, documents or other
      materials.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>C.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Non-Competition
      and Non-Solicitation</u></strong><strong>.&#160;&#160;</strong>The Company and
      Employee have jointly reviewed the operations of the Company and have agreed
      that the primary service area of the Company&#8217;s lending and deposit taking
      functions in which Employee has actively participated extends to an area
      encompassing a fifty (50) mile radius from the main office of Dubuque Bank
      and
      Trust Company (&#8220;<strong>DB&amp;T</strong>&#8221;) and a twenty-five (25) mile radius
      of any office of the Company or any Affiliate where the Employee has provided
      any services during the twelve (12) month period preceding <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif;">the Change
      of
      Control</font><strong>&#160;</strong>(the &#8220;<strong>Restrictive
      Area</strong>&#8221;).&#160;&#160;Therefore, as an essential ingredient of and in
      consideration for the Company&#8217;s entering into this Agreement and his continued
      employment by the Company, Employee agrees that, during
      his&#160;&#160;employment with the Company and for a period of
<strong>[twenty-four (24) months - Fuller] [twenty-one (21) months - Schmidt]
      [eighteen (18) months &#8211; Erickson and Everts] [twelve (12) months - others]
</strong>immediately following the termination of his employment for any reason,
      whether or not Employee is then receiving or will receive benefits under this
      Agreement, provided such termination occurs during the term of this Agreement
      (the &#8220;<strong>Restrictive Period</strong>&#8221;), he will not, except with the
      express prior written consent of the Company, directly or indirectly, do any
      of
      the following (all of which are collectively referred to in this agreement
      as
      the &#8220;<strong>Restrictive Covenant</strong>&#8221;):</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(i)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Engage
                or invest in, own, manage, operate, finance, control, or participate
                in
                the ownership, management, operation or control of, be employed by,
                associated with, or in any manner connected with, serve as a director,
                officer or consultant to, lend his name or any similar name to, lend
                his
                credit to, or render services or advice to, any person, firm, partnership,
                corporation or trust which owns or operates, a bank, savings and
                loan
                association, credit union or similar financial institution (a
                &#8220;<strong>Financial Institution</strong>&#8221;) with an office located, or to be
                located at an address identified in a filing with any regulatory
                authority, within the Restrictive Area; <em>provided however, </em>that
                the ownership by Employee of shares of the capital stock of any Financial
                Institution which shares are listed on a securities exchange or quoted
                on
                the National Association of Securities Dealers Automated Quotation
                System
                and which do not represent more than five percent (5%) of the
                institution&#8217;s outstanding capital stock, shall not violate any terms of
                this Agreement;</font></div>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(ii)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Employee
                will not, directly or indirectly, either for himself, or any Financial
                Institution: (1)&#160;induce or attempt to induce any employee of the
                Company or any of its Affiliates to leave the employ of the Company
                or any
                of its Affiliates; (2)&#160;in any way interfere with the relationship
                between the Company or any of its Affiliates and any employee of
                the
                Company or any of its Affiliates; (3)&#160;employ, or otherwise engage as
                an employee, independent contractor or otherwise, any employee of
                the
                Company or any of its Affiliates; or (4)&#160;induce or attempt to induce
                any customer, supplier, licensee, or business relation of the Company
                or
                any of its Affiliates to cease doing business with the Company or
                any of
                its Affiliates or in any way interfere with the relationship between
                the
                Company or any of its Affiliates and their respective customers,
                suppliers, licensees or business relations.</font></div>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(iii)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Employee
                will not, directly or indirectly, either for himself, or any Financial
                Institution, solicit the business of any person or entity known to
                Employee to be a customer of the Company or any of its Affiliates,
                where
                Employee, or any person reporting to Employee, had personal contact
                with
                such person or entity, with respect to products, activities or services
                which compete in whole or in part with the products, activities or
                services of the Company or any of its Affiliates.</font></div>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(iv)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Employee
                will not, directly or indirectly, serve as the agent, broker or
                representative of, or otherwise assist, any person or entity in obtaining
                services or products from any Financial Institution within the Restrictive
                Area, with respect to the products, activities or services which
                compete
                in whole or in part with the products, activities or services of
                the
                Company or any of its Affiliates.</font></div>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>D.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Work
      for Hire Provisions</u>.</strong></font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>(i)&#160;&#160;</strong></font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Exclusive
                Rights of the Company</u></strong><u>&#160;</u><strong><u>in Work
                Product</u></strong><strong>.</strong>&#160;&#160;The parties acknowledge
                and agree that all work performed by Employee for the Company or
                any of
                its Affiliates shall be deemed &#8220;work for hire.&#8221;&#160;&#160;The Company
                shall at all times own and have exclusive right, title and interest
                in and
                to all Confidential Information and Inventions (as defined below),
                and the
                Company shall retain the exclusive right to license, sell, transfer
                and
                otherwise use and dispose of the same.&#160;&#160;Any and all enhancements
                of the technology of the Company or any of its Affiliates that are
                developed by Employee shall be the exclusive property of the
                Company.&#160;&#160;Employee hereby assigns to the Company any right,
                title and interest in and to all Inventions that he may have, by
                law or
                equity, without additional consideration of any kind whatsoever from
                the
                Company or any of its Affiliates.&#160;&#160;Employee agrees to execute
                and deliver any instruments or documents and to do all other things
                (including the giving of testimony) requested by the Company (both
                during
                and after the termination of his employment with the Company) in
                order to
                vest more fully in the Company or any of its Affiliates all ownership
                rights in the Inventions (including obtaining patent, copyright or
                trademark protection therefore in the United States and/or foreign
                countries).</font></div>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>(ii)&#160;&#160;</strong></font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Definitions
                and Exclusions</u></strong><strong>.</strong>&#160;&#160;For purposes of
                this Agreement, &#8220;<strong>Inventions</strong>&#8221; means all systems,
                procedures, techniques, manuals, data bases, plans, lists, inventions,
                trade secrets, copyrights, patents, trademarks, discoveries, innovations,
                concepts, ideas and software conceived, compiled or developed by
                Employee
                in the course of his employment with the Company or any of its Affiliates
                and/or comprised, in whole or part, of Confidential
                Information.&#160;&#160;Notwithstanding the foregoing, Inventions shall
                not include:&#160;&#160;(i)&#160;any inventions independently developed by
                Employee and not derived, in whole or part, from any Confidential
                Information or (ii)&#160;any invention made by Employee prior to his
                exposure to any Confidential Information.</font></div>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>E.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Remedies
      for Breach of Restrictive
      Covenants</u></strong><strong>.&#160;&#160;</strong>Employee has reviewed the
      provisions of this Agreement with legal counsel, or has been given adequate
      opportunity to seek such counsel, and Employee acknowledges and expressly agrees
      that the covenants contained in this <strong>Section&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">6</font></strong>
      are reasonable with respect to their duration, geographical area and
      scope.&#160;&#160;Employee further acknowledges that the restrictions contained
      in this <strong>Section <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">6</font></strong></font>are
      reasonable and necessary for the protection of the
      legitimate business interests of the Company, that they create no undue
      hardships, that any violation of these restrictions would cause substantial
      injury to the Company and such interests, that the Company would not have agreed
      to employ Employee without receiving Employee&#8217;s agreement to be bound by these
      restrictions and that such restrictions were a material inducement to the
      Company to hire Employee and to enter into this Agreement.&#160;&#160;In the
      event of any violation or threatened violation of these restrictions, the
      Company, in addition to and not in limitation of, any other rights, remedies
      or
      damages available to the Company under this Agreement or otherwise at law or
      in
      equity, shall be entitled to preliminary and permanent injunctive relief to
      prevent or restrain any such violation by Employee and any and all persons
      directly or indirectly acting for or with her, as the case may be.</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>7.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Notices</u></strong>.&#160;&#160;Notices
      and all other communications under this Agreement shall be in writing and shall
      be deemed given when mailed by United States registered or certified mail,
      return receipt requested, postage prepaid, addressed as follows:</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">If
      to the
      Company to:</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Heartland
      Financial USA, Inc.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Attention:&#160;&#160;President</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">1398
      Central Avenue</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Box
      778</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Dubuque,
      Iowa&#160;&#160;52004-0778</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">If
      to the
      Employee to:</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#171;Employee&#187;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#171;Street&#187;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#171;City&#187;,
      &#171;State&#187;&#160;&#160;&#171;Zip&#187;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">or
      to
      such other address as either party may furnish to the other in writing, except
      that notices of changes of address shall be effective only upon
      receipt.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>8.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Applicable
      Law</u></strong>.&#160;&#160;This Agreement is entered into under, and shall be
      governed for all purposes by, the laws of the state of Iowa.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>9.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Severability</u></strong>.&#160;&#160;If
      a court of competent jurisdiction determines that any provision of this
      Agreement is invalid or unenforceable, then the invalidity or unenforceability
      of that provision shall not affect the validity or enforceability of any other
      provision of this Agreement and all other provisions shall remain in full force
      and effect.&#160;&#160;The various covenants and provisions of this Agreement
      are intended to be severable and to constitute independent and distinct binding
      obligations.&#160;&#160;Without limiting the generality of the foregoing, if the
      scope of any covenant contained in this Agreement is too broad to permit
      enforcement to its full extent, such covenant shall be enforced to the maximum
      extent permitted by law, and the Employee hereby agrees that such scope may
      be
      judicially modified accordingly.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>10.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Withholding
      of Taxes</u></strong>.&#160;&#160;The Company may withhold from any benefits
      payable under this Agreement all federal, state, city or other taxes as may
      be
      required pursuant to any law, governmental regulation or ruling.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>11.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Not
      an Employment Agreement</u></strong>.&#160;&#160;Nothing in this Agreement shall
      give the Employee any rights (or impose any obligations) to continued employment
      by the Company or any Affiliate or successor of the Company, nor shall it give
      the Company any rights (or impose any obligations) for the continued performance
      of duties by the Employee for the Company or any Affiliate or successor of
      the
      Company.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>12.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>No
      Assignment</u></strong>.&#160;&#160;The Employee&#8217;s rights to receive payments or
      benefits under this Agreement shall not be assignable or transferable whether
      by
      pledge, creation of a security interest or otherwise, other than a transfer
      by
      will or by the laws of descent or distribution.&#160;&#160;In the event of any
      attempted assignment or transfer contrary to this paragraph, the Company shall
      have no liability to pay any amount so attempted to be assigned or
      transferred.&#160;&#160;This Agreement shall inure to the benefit of and be
      enforceable by the Employee&#8217;s personal or legal representatives, executors,
      administrators, successors, heirs, distributees, devisees and
      legatees.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>13.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Successors</u></strong>.&#160;&#160;This
      Agreement shall be binding upon and inure to the benefit of the Company, its
      successors and assigns (including, without limitation, any company into or
      with
      which the Company may merge or consolidate).&#160;&#160;The Company agrees that
      it will not effect the sale or other disposition of all or substantially all
      of
      its assets unless either (a) the person or entity acquiring the assets, or
      a
      substantial portion of the assets, shall expressly assume by an instrument
      in
      writing all duties and obligations of the Company under this Agreement, or
      (b)
      the Company shall provide, through the establishment of a separate reserve,
      for
      the payment in full of all amounts which are or may reasonably be expected
      to
      become payable to the Employee under this Agreement.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>14.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Legal
      Fees</u></strong>.&#160;&#160;All reasonable legal fees and related expenses
      (including the costs of experts, evidence and counsel) paid or incurred by
      the
      Employee pursuant to any dispute or question of interpretation relating to
      this
      Agreement shall be paid or reimbursed by the Company if the Employee is
      successful on the merits pursuant to a legal judgment, arbitration or
      settlement.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>15.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Term</u></strong>.&#160;&#160;The
      &#8220;<strong>Term</strong>&#8221; of this Agreement shall be the period commencing on the
      Effective Date and ending on December 31, 2009.&#160;&#160;As of December 31,
      2009, and each December 31 thereafter, the Term shall automatically renew for
      an
      additional one-year period unless the Company notifies the Employee in writing
      that the Term will not be renewed.&#160;&#160;Any such notice of non-renewal
      must be delivered to the Employee at least 180 days before the date on which
      the
      Term would otherwise automatically renew.&#160;&#160;In the event of a Change of
      Control during the Term, this Agreement shall remain in effect for the Covered
      Period.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>16.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Survival</u></strong><strong>.&#160;&#160;</strong>The
      provisions of <strong>Section <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">6</font></strong>&#160;</font>shall
      survive the termination of this Agreement.</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>17.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Amendment</u></strong>.&#160;&#160;This
      Agreement may not be amended or modified except by written agreement signed
      by
      the Employee and the Company.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>18.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Internal
      Revenue Code Section 409A</u>.</strong></font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>A.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Six-Month
      Delay in Payment</u></strong>.&#160;&#160;If, as of the Termination Date, the
      Employee is a Specified Employee (as defined below), then, to the extent
      required pursuant to Code Section 409A, payment of any portion of the Severance
      Amount that would otherwise have been paid to the Employee during the six-month
      period following the Termination Date and which would constitute deferred
      compensation under Code Section 409A (the &#8220;<strong>Delayed Payments</strong>&#8221;)
      shall be delayed until the date that is six months and one day following the
      Termination Date or, if earlier, the date of the Employee&#8217;s death (the
&#8220;<strong>Delayed Payment Date</strong>&#8221;).&#160;&#160;As of the Delayed Payment
      Date, the Delayed Payments [<strong>plus interest at a rate equal to the then
      current prime rate, for the period of delay</strong>] shall be paid to the
      Employee in a single lump sum.&#160;&#160;Any portion of the Severance Amount
      that was not otherwise due to be paid during the six-month period following
      the
      Termination Date shall be paid to the Employee in accordance with the payment
      schedule established under paragraph 1 of this Agreement.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>B.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Separation
      Pay Not Subject to Code Section 409A</u></strong>.&#160;&#160;To the extent that
      any portion, or all, of the Severance Amount meets the requirements of (i)
      and
      (ii) of this subparagraph B, the six-month delay rule set forth in subparagraph
      A above shall not apply to such portion of the Severance Amount.&#160;&#160;The
      Severance Amount, or any portion thereof, will not be subject to the six-month
      delay rule set forth in subparagraph A above if and to the extent it is paid
      to
      the Employee no later than the last day of the second calendar year following
      the year in which the Termination occurs and it does not exceed two times the
      lesser of:</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(i)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                sum of the Employee&#8217;s annual compensation (as determined in accordance
                with Section 1.409A-1(b)(9)(iii) of the regulations issued under
                Code
                Section 409A) for the calendar year preceding the year of Termination;
                or</font></div>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(ii)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                maximum amount that may be taken into account under a qualified plan
                pursuant to Code Section 401(a)(17) for the calendar year in which
                the
                Termination occurs.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>C.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Definitions</u>.</strong></font></div>
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    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(i)&#160;&#160;</font></div>
            </td>
            <td>
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                defined in Code Section 416(i)(1)(A)(i), (ii) or (iii) (without regard
                to
                Code Section 416 (i)(5))) of the Company at any time during the twelve
                (12) month period ending on the Specified Employee Identification
                Date (as
                defined below).&#160;&#160;If the Employee is a key employee as of the
                Specified Employee Identification Date, the Employee will be treated
                as a
                key employee for purposes of this Agreement for the entire twelve
                (12)
                month period beginning on the Specified Employee Effective Date (as
                defined below).&#160;&#160;For purposes of determining whether the
                Employee is a key employee (as defined in Code Section 416(i)), the
                Company shall use the same definition of &#8220;compensation&#8221; as is used for
                purposes of the Company&#8217;s 401(k) plan.</font></div>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
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          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(ii)&#160;&#160;</font></div>
            </td>
            <td>
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                Employee Identification Date</strong>&#8221; shall mean December 31 of any
                calendar year.</font></div>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 144pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(iii)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;<strong>Specified
                Employee Effective Date</strong>&#8221; shall mean April 1 of the calendar year
                following the year of the Specified Employee Identification
                Date.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>19.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>Other
      Agreements</u></strong>.&#160;&#160;In the event of the existence of another
      agreement between the parties which (i) is in effect during the Restricted
      Period, and (ii) which contains restrictive covenants that conflict with any
      the
      provisions of <strong>Section <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">6</font></strong>,</font>
      then the more restrictive of such provisions from the two agreements shall
      control for the period during which both agreements would otherwise be in
      effect.</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>20.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>References</u></strong><strong>.&#160;&#160;</strong>Masculine
      pronouns are used herein solely for convenience of reference, and are intended
      to have general application.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>******
      remainder of page intentionally left blank ******</em></font></div>
    <div>&#160;</div>
    <div><br>&#160;</div>
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        </div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">IN
      WITNESS WHEREOF, the parties have caused this Agreement to be executed and
      delivered as of the day and year first written.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">HEARTLAND
      FINANCIAL USA, INC.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">By:&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;
</font><u>/s/
      Marck C. Falb<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;</font></u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<u>/s/
      Employee&#160;&#160;&#160;&#160;&#160;&#160;
</u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
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      C.
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;Director</font></div>
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