At the time Horizon Bancorp ("Horizon") filed its proxy statement for its 2009 Annual Meeting of Shareholders, Horizon did not have the peer data information necessary to calculate the amount of 2008 bonus, if any, earned by Thomas H. Edwards, Executive Vice President, under the Executive Officer Bonus Plan. On April 1, 2009, Mr. Edwards' bonus was calculated and determined to be in the amount of $23,375. In accordance with Item 5.02(f) of Form 8-K, the table below updates the fiscal 2008 Summary Compensation Table information for Mr. Edwards included in the proxy statement (the only changes are to the "Non-Equity Incentive Plan Compensation" and "Total" columns).

                                                                                          Change in
                                                                                           Pension
                                                                                          Value and
                                                                           Non-Equity    Nonqualified
                                                                           Incentive       Deferred
Name and                                                        Option        Plan       Compensation    All Other
Principal                    Salary     Bonus    Stock Awards   Awards    Compensation     Earnings     Compensation    Total
Position            Year       ($)       ($)         ($)          ($)         ($)            ($)            ($)          ($)
Thomas H.
Edwards
Executive Vice
President           2008     187,000     N/A        32,984        --         23,375          N/A           29,097      272,456

As previously disclosed, on March 10, 2009, Horizon's Board of Directors authorized the payment of the 2008 bonuses earned under the Executive Officer Bonus Plan in the form of restricted stock instead of cash. This change in form of payment was made in light of the executive compensation restrictions included in the American Recovery and Reinvestment Act ("ARRA"), which was signed into law on February 17, 2009. The ARRA permits participants in the TARP Capital Purchase Program, such as Horizon, to award bonuses and other incentive compensation in the form of long-term restricted stock that does not vest during the period TARP obligations remain outstanding, has a value not greater than one-third of an employee recipient's total annual compensation and satisfies other terms and conditions specified by the Secretary of the Treasury. Based on the price of a share of Horizon's Common Stock at the close of business on March 10, 2009, Mr. Edwards has been awarded 2,226 shares of restricted stock in payment of his 2008 bonus.