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|   | 1. | Compensation.  The      Bank agrees to pay the Director the total sum of $49,750.00 payable in      monthly installments of $414.58 for 120 consecutive months, commencing on      the first day of the month following the Director’s 71st      birthday.  Payments to the Director will terminate when the 120      payments have been made or at the time of the Director’s death, whichever      occurs first. |
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|   | 2. | Death of Director      Before Age 71.   In the event of the Director’s      death before reaching age 71, the Bank agrees to pay to the Director’s      beneficiary designated in writing to the Bank, the sum of $414.58 per      month for 120 consecutive months.  Payments will begin on the      first day of the month following the Director’s  death. |
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|   | 3. | Death of Director      After Age 71.  If the Director dies after age 71 prior to      receiving the full 120 monthly installments, the remaining monthly      installments will be paid to the Director’s designated beneficiary      (ies).  The beneficiary (ies) shall receive all remaining      monthly installments which the Director would have received until the      total sum of $49,750.00 set forth in paragraph “1” is paid.  If      the Director fails to designate a beneficiary in writing to the Bank, the      balance of monthly installments remaining at the time of his death shall      be paid to the legal representative of the estate of the      Director. |
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|   | 4. | Termination of Service      as a Director.  If the Director, for any reason other      than death, fails to serve four consecutive years and 5 months as a      Director, he will receive monthly compensation beginning at age 71 on the      basis that the number of full months served bears to the required number      of 53 months times the compensation stated in paragraph      “1”.  For example, if the Director serves only 30 months, he      will be entitled to 30/53 or 56.6% of the compensation stated in paragraph      “1” and “2”. |
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|   | 5. | Suicide. No      payments will be made to the Director’s beneficiary (ies) or to his estate      in the event of death by suicide during the first three years of this      Agreement. |
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|   | 6. | Status of      Agreement.  This Agreement does not constitute a contract      of employment between the parties, nor shall any provision of this      agreement restrict the right of the Bank’s shareholders to replace the      Director or the right of the Director to terminate his      service. |
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|   | 7. | Binding      Effect.  This agreement shall be binding upon the      successors and assigns of the Bank, and upon the heirs and legal      representatives of the Director. |
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|   | 8. | Interruption of      Service.  The service of the Director shall not be deemed      to have been terminated or interrupted due to his absence from active      service on account of illness, disability, during any authorized vacation      or during temporary leaves of absence granted by the Bank for reasons of      professional advancement, education, health or government service, or      during military leave for any period if the Director is elected to serve      on the Board following suchinterruption. |
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|   | 9. | Forfeiture of      Compensation by Competition.  The Director agrees that      all rights to compensation following age 71 shall be forfeited by him if      he engages in competition with the Bank, without the prior written consent      of the Bank, within a radius of 50 miles of the main office of the Bank      for a period of ten years, coinciding with the number of years that the      Director shall receive suchcompensation. |
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|  | 10. | Assignment of      Rights.  None of the rights to compensation under this      Agreement are assignable by the Director or any beneficiary or designee of      the Director and any attempt to anticipate, sell, transfer, assign,      pledge, encumber or change Director’s right to receive compensation, shall      be voided. |
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|  | 11. | Status of Director’s      Rights.  The rights granted to the Director or any      designee or beneficiary under this Agreement shall be solely those of an      unsecured creditor of the Bank. |
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|  | 12. | Amendments.  This      agreement may be amended only by a written Agreement signed by the      parties. |
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|  | 13. | If      the Bank shall acquire an insurance policy or any other asset in      connection with the liabilities assumed by it hereunder, it is expressly      understood and agreed that neither Director nor any beneficiary of      Director shall have any right with respect to, or claim against, such      policy or other asset except as expressly provided by the terms of such      policy or in the title to such other asset.  Such policy or      asset shall not be deemed to be held under any trust for the benefit of      Director or his beneficiaries or to be held in any way as collateral      security for the fulfilling of the obligations of the Bank under this      Agreement except as may be expressly provided by the terms of such policy      or other asset.  It shall be, and remain, a general, unpledged,      unrestricted asset of the Bank. |
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|  | 14. | This      Agreement shall be construed under and governed by the laws of the State      of Pennsylvania. |
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|  | 15. | Interpretation.  Wherever      appropriate in this Agreement, words used in the singular shall include      the plural and the masculine shall include the feminine      gender. |
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|  | 16. | This      Agreement shall be binding upon and inure to the benefit of any successor      of the Bank and any such successor shall be deemed substituted for the      Bank under the terms of this Agreement.  As used herein, the      term “successor” shall include any person, corporation or other business      entity which at any time, whether by merger, purchase or otherwise,      acquires all or substantially all of the stock, assets or business of the      Bank. |
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|  | 17. | If      the Bank’s marginal income tax bracket is different from 34% at the time      deferred income payments are made under this Agreement to the Director or      his beneficiary (ies), the payments will be adjusted by the Board of      Directors to reflect that change.  The following formula could      be used to calculate the change inbenefits: |
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|   | Monthly      Income (As Shown)     |   X   .66                     |
|--------|--------------------------------------------------------|--------------------------------------------------------|
|   |                                                   |   1  -  Tax      Bracket |

|  | 18. | All      compensation provided by this agreement is in addition to that which is      provided under the Director’s Deferred Compensation Agreements dated:      09/01/84,      01/01/87, 09/01/89, and01/01/92. |
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|                       |   | EPHRATA      NATIONAL BANK |
|----------------------------|--------|----------------------------|
|                       |   |                       |   |
|                       |   |                       |   |
| (SEAL)                     |   | BY                         | /s/   John      H. Shuey |
|                       |   |                       | JOHN      SHUEY, PRESIDENT |
|                       |   |                       |   |
|                       |   |                       |   |
| /s/ Edythe      Overholser |   |                       | /s/  Leon      Z. Martin |
|                       |   |                       | LEON      Z. MARTIN, DIRECTOR |
|                       |   |                       |   |