0000950159-05-001040 Sample Contracts

AGREEMENT

Agreement • September 7th, 2005 • National Penn Bancshares Inc • National commercial banks • Pennsylvania

• Contract Type
  Agreement
• Filed
  September 7th, 2005
• Company
  National Penn Bancshares Inc
• Industry
  National commercial banks
• Jurisdiction
  Pennsylvania

THIS AGREEMENT, dated as of September 6, 2005 ("Agreement"), is made by and between NATIONAL PENN BANCSHARES, INC., a Pennsylvania corporation ("NPB"), and NITTANY FINANCIAL CORP., a Pennsylvania corporation ("NFC").

FORM OF LETTER AGREEMENT] September 6, 2005

Form of Letter Agreement • September 7th, 2005 • National Penn Bancshares Inc • National commercial banks

• Contract Type
  Form of Letter Agreement
• Filed
  September 7th, 2005
• Company
  National Penn Bancshares Inc
• Industry
  National commercial banks

National Penn Bancshares, Inc. ("NPB") and Nittany Financial Corp. ("NFC") are considering entering into a Merger Agreement dated September 6, 2005 (the "Agreement").