Exhibit 10 (aa)

AMENDMENT
TO
RESTRICTED STOCK
AWARD AGREEMENT
 
THIS AMENDMENT is made this 23rd  day of April, 2010, by and between DNB
Financial Corporation (“Holding Company”) and ____________________ (“Grantee”).
 
 
W I T N E S S E T H:
 
 
WHEREAS, the Holding Company and the Grantee entered into a Restricted Stock
Award Agreement dated as of __________ ___, ____ (“Agreement”), whereby Holding
Company granted to Grantee the right to receive ____ shares of the Holding
Company’s common stock, subject to the vesting conditions and transferability
restrictions set forth therein; and
 
WHEREAS, the parties wish to amend the Agreement to revise the vesting
conditions.
 
NOW, THEREFORE, the Agreement is hereby amended in the manner set forth below.
 
1.  The first sentence of Paragraph 2 is revised to read as follows:
 
Subject to such further terms and conditions of the Plan as may be applicable,
Grantee shall first be entitled to the Award Shares on a date (the “Vesting
Date”) that shall be the earlier of (1) the third (3rd ) anniversary of the
Grant Date, (2) the date of his death, (3) his termination of service as a
member of the Board of Directors on account of disability, (4) the date on which
a “Change in Control” as hereinafter defined of the Company occurs, or (5) the
date as of which the Grantee attains the normal mandatory retirement age for
Directors as prescribed by the Holding Company’s Bylaws as in effect on the date
hereof, and without regard to any exceptions to such normal mandatory retirement
age.
 
2.  The last sentence of Paragraph 2 is revised to read as follows:
 
If Grantee’s service as a member of the Board of Directors terminates for any
reason prior to the Vesting Date, this Agreement shall automatically terminate,
the Grantee shall forfeit all rights hereunder, and no shares of common stock or
other consideration shall be transferred to Grantee pursuant to the Agreement.
 
IN WITNESS WHEREOF, the parties have entered into this Amendment as of first
date set forth above.
 
 
 
 

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ATTEST:
 
DNB FINANCIAL CORPORATION
     
                                                                               
    
By:                                                                                 
     
Witness:
 
GRANTEE
   
                                                                                   
                                                                                   
 
                                   signature
           

 
 
 

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