X0303 4 2010-08-23 0 0001072847 TOWER FINANCIAL CORP TOFC 0001452300 Glaze Scott A 9609 ARDMORE AVENUE FORT WAYNE IN 46809 1 0 0 0 Common Stock 2010-08-23 4 P 0 11811 6.35 A 13311 D Series A Convertible Preferred Stock 6.02 2009-09-25 Common Stock 16611 1000 D Shares of common stock purchased in connection with the Issuer's July 2010 private placement transaction, in accordance with the Subscription Agreement, dated July 19, 2010, between the Issuer and the Reporting Person. The proceeds of such transaction were held in escrow pending approval from the Federal Reserve Bank. Such approval was received and the funds were released. The Series A preferred stock has no expiration date; however, Tower Financial Corp has the right to call the shares on or after September 25, 2012 and until September 24, 2013 at 110% of par, after September 25, 2013 and until September 24, 2014 at 105% of par, and at par after September 25, 2014. Scott A. Glaze 2010-08-25