0001140361-07-022706 Sample Contracts

AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • November 21st, 2007 • KNBT Bancorp Inc • Savings institutions, not federally chartered • Pennsylvania

This Amended and Restated EMPLOYMENT AGREEMENT (this “Agreement") is made and entered into as of November 15, 2007 by and among Keystone Nazareth Bank & Trust Company (the “Bank”), KNBT Bancorp, Inc. (the “Company”) (the Bank and the Company are collectively referred to as the “Employer”), and Eugene T. Sobol (the "Executive").

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KNBT BANCORP, INC. AND RETENTION PLAN AND TRUST AGREEMENT
Recognition and Retention Plan and Trust Agreement • November 21st, 2007 • KNBT Bancorp Inc • Savings institutions, not federally chartered • Pennsylvania
FIRST AMENDMENT TO TERMINATION AND RELEASE AGREEMENT
Termination and Release Agreement • November 21st, 2007 • KNBT Bancorp Inc • Savings institutions, not federally chartered • Pennsylvania

First Amendment, dated as of November 15, 2007 (the “Amendment”), to the Termination and Release Agreement, dated as of December 8, 2004 (the “Release Agreement”), by and among Thomas L. Kennedy (the “Executive”), KNBT Bancorp, Inc., a Pennsylvania corporation and successor to Northeast Pennsylvania Financial Corp. (the “Company”), and Keystone Nazareth Bank & Trust Company, as successor to First Federal Bank (the “Bank”). Capitalized terms which are not defined herein shall have the same meaning as set forth in the Release Agreement.

AMENDMENT NO. 2 TO FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF HAZLETON DEFERRED INCOME AGREEMENT
Deferred Income Agreement • November 21st, 2007 • KNBT Bancorp Inc • Savings institutions, not federally chartered • Pennsylvania

THIS AMENDMENT NO. 2 (this “Amendment”) to the First Federal Savings and Loan Association of Hazleton Deferred Income Agreement (the “Agreement”) is made and entered into effective as of November 15, 2007 by and among Keystone Nazareth Bank & Trust Company (the “Bank”) and Thomas L. Kennedy (the “Executive”).

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