| 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 RestrictedStock                Units:                                                                                                                                                        | 1,600                RSUs |
| End                of Restricted Period(Vesting                Period):                                                                                                                                               | February                25, 2009 |
|                                                                                                                                                                                                                       |   |

|   |
|--------|

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| ·  | Threshold | $                1.20 per share | 1,400 |
|--------------|-----------|---------------------------------|-------|
| ·  | Target    | $                1.33 per share | 1,500 |
| ·  | Optimum   | $                1.44 per share | 1,600 |

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|                              5. |   | Committee |
|------------------------------------------------------------------------------------------------------------|--------|-----------|

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