| NATIONAL                PENN BANCSHARES, INC.LONG-TERM                INCENTIVE COMPENSATON                PLAN RESTRICTED                STOCK UNIT AGREEMENTBETWEENNATIONAL                PENN BANCSHARES, INC.AND |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| _____________________(the                Grantee)                                                                                                                                                                          |
| Date                of Grant:                                                                                                                                                                               | February                25, 2008 |
| Number                of Restricted    Stock                Units:                                                                                                                           | 400                RSUs |
| End                of Restricted Period                      (Vesting Period):                                                                                                     | February                25, 2009 |
|                                                                                                                                                                                                                       |   |

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| ·   | Threshold | $                1.20 per share | 350 |
|--------------------|-----------|---------------------------------|-----|
| ·   | Target    | $                1.33 per share | 375 |
| ·   | Optimum   | $                1.44 per share | 400 |

| NATIONAL                PENN BANCSHARES, INC.:                                                                                                                           | GRANTEE:                                                  |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------|
| By:                _____________________________                                                                                                                         |  ____________________________________                |
|        J.                Ralph Borneman, Jr.       Chairman,                Compensation Committee | (Signature)_______________________________                |
|                                                                                                                                                                     | (Print                Name_______________________________ |
|                                                                                                                                                                     | (Print                Address)                            |
|                                                                                                                                                                     |                                                      |