0000950159-12-000129 Sample Contracts

AMENDATORY AGREEMENT
Executive Agreement • February 29th, 2012 • National Penn Bancshares Inc • National commercial banks • Pennsylvania

AMENDATORY AGREEMENT dated as of January 27, 2010, between NATIONAL PENN BANCSHARES, INC., a Pennsylvania business corporation (“NPB”), NATIONAL PENN BANK, a national banking association (“Bank”), and DAVID B. KENNEDY (“Executive”).

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EXECUTIVE AGREEMENT
Executive Agreement • February 29th, 2012 • National Penn Bancshares Inc • National commercial banks • Pennsylvania

THIS AGREEMENT is made as of this 1st day of February, 2008, among NATIONAL PENN BANCSHARES, INC., a Pennsylvania business corporation having its principal place of business in Boyertown, Pennsylvania ("NPB"), NATIONAL PENN BANK, a national banking association having its principal place of business in Boyertown, Pennsylvania ("Bank"), and David Kennedy, an individual residing at 1572 Merryweather Drive, Bethlehem, Pennsylvania ("Executive").

NATIONAL PENN BANCSHARES, INC. TARP RESTRICTION AGREEMENT
Tarp Restriction Agreement • February 29th, 2012 • National Penn Bancshares Inc • National commercial banks • Pennsylvania

This TARP RESTRICTION AGREEMENT (this “Agreement”) is made and entered into as of February 16, 2010, by and between NATIONAL PENN BANCSHARES, INC., a Pennsylvania business corporation having its principal place of business in Boyertown, Pennsylvania (the “Company”), and DAVID B. KENNEDY (the “Executive”).

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