This is a scan of a photo of the original flag, located at the Confederate Museum in Hillsboro, Texas.. And yes, that is a bullet hole in the upper left hand star.

Co. A was formed in Cook and Grayson Counties. Two seamstresses, one from each county, were picked to sew the guidon for the regiment, each sewing one half (front and back). They were to meet up at the point of departure and sew the two halves together..  Just before her departure time, the woman who sewed the side with the blue stars discovered that  she had only placed nine stars in the circle, and a frantic search ensued to find the "Lost Star".. It was eventually found, but it was too late for her to unstitch them all to place it in the circle. It was quickly sewn into the lower corner, and the flag was presented on time.