Document:

Exhibit
      10.6

    

    CHANGE
      OF
      CONTROL AGREEMENT

    

    THIS
      AGREEMENT is made as of the 18th
      day of
      July, 2000, among QNB CORP. (“Corporation”), a Pennsylvania business corporation
      having a place of business at 10 North Third Street, Quakertown, Pennsylvania
      18951, THE QUAKERTOWN NATIONAL BANK (“Bank”) a national banking association
      having a place of business at 10 North Third Street, Quakertown, Pennsylvania
      18951, and BRET H. KREVOLIN (“Executive”), an individual residing at 420 Belle
      Lane, Harleysville,

    Pennsylvania
      19438.

    

    WITNESSETH:

    

    WHEREAS,
      the Corporation is a registered bank holding company;

    

    WHEREAS,
      the Bank is a subsidiary of the Corporation;

    

    WHEREAS,
      Corporation and Bank desire to continue to retain Executive to serve in the
      capacity of Executive Vice President and Chief Operating Officer of Bank under
      the terms and conditions set forth herein;

    

    WHEREAS,
      Executive desires to continue to serve the Corporation and Bank in an executive
      capacity under the terms and conditions set forth herein.

    

    AGREEMENT:

    

    NOW,
      THEREFORE, the parties hereto, intending to be legally bound, agree as
      follows:

    

    1.
      EMPLOYMENT. Executive is employed by Corporation and Bank on an “at will” basis
      and there is no employment agreement between them. This Agreement is granted
      by
      Corporation and Bank in order to set forth terms and conditions between
      Corporation, Bank and Executive in the event of a Change in Control as defined
      herein.

    

    2.
      RIGHTS
      IN EVENT OF TERMINATION OF EMPLOYMENT FOLLOWING CHANGE IN CONTROL. If
      Executive’s employment is terminated by Corporation or Bank other than for Cause
      (as defined below) on or before the three (3) year anniversary of the date
      of a
      Change in Control (as defined below), then Corporation or Bank shall pay to
      Executive, in lieu of any other severance benefits to which Executive may be
      entitled, an amount equal to the product of (a) the average annual aggregate
      compensation paid by Corporation and Bank to Executive and includible in the
      Executive’s gross income for federal income tax purposes during the five (5)
      calendar years preceding the taxable year in which the date of the termination
      occurs, multiplied by (b) 2, such payment to be made in a lump sum on or before
      the fifth day following the date of termination and shall be subject to
      applicable taxes and withholdings. However, if the lump sum payment under this
      paragraph 2, when added to all other amounts or benefits provided to or on
      behalf of the Executive in connection with his termination of employment, would
      result in the imposition of an excise tax under Section 4999 of the Internal
      Revenue Code of 1986, as amended (the “Code”), such payment shall be reduced to
      the extent necessary to avoid such excise tax imposition. Notwithstanding the
      foregoing or any other provision of this Agreement to the contrary, if any
      portion of the amount herein payable to the Executive is determined to be
      non-deductible pursuant to the regulations promulgated under Section 280G of
      the
      Code, the Corporation shall be required only to pay to Executive the amount
      determined to be deductible under Section 280G. The determination of any
      reduction in the lump sum payment under this paragraph 2 pursuant to the
      foregoing provisions shall be made by Corporation’s independent
      auditors.

    

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

      

    3.
      TERMINATION OF EMPLOYMENT FOR CAUSE. For purposes of this Agreement, termination
      for “Cause” shall mean any of the following:

    

    (a)
      Executive’s conviction of or plea of guilty or nolo contendere to a felony, a
      crime of falsehood or a crime involving moral turpitude, or the actual
      incarceration of Executive for a period of twenty (20) consecutive days or
      more;

    

    (b)
      Executive’s willful or intentional failure to follow the good faith lawful
      instructions of the Board of Directors of Corporation or Bank with respect
      to
      its operations, after written notice from Corporation or Bank and a failure
      to
      cure such violation within twenty (20) days of said written notice;

    

    (c)
      Executive’s willful or intentional failure to substantially perform Executive’s
      duties to Corporation or Bank, other than a failure resulting from Executive’s
      incapacity because of physical or mental illness, after written notice from
      Corporation or Bank and a failure to cure such violation within twenty (20)
      days
      of said written notice;

    

    (d)
      dishonesty or negligence by the Executive in the performance of his
      duties;

    

    (e)
      Executive’s violation of any law, rule or regulation governing banks or bank
      officers or any final cease and desist order issued by a bank regulatory
      authority;

    

    (f)
      conduct on the part of the Executive as determined by an affirmative vote of
      seventy percent (70%) of the disinterested members of the Board of Directors
      of
      Corporation and Bank which brings public discredit to Corporation or Bank;
      or

    

    (g)
      Executive’s breach of fiduciary duty involving personal profit.

    

    4.
      CHANGE
      IN CONTROL DEFINED. As used in this Agreement, “Change in Control” shall mean
      the occurrence of any of the following:

    

    (a)(i)
      a
      merger, consolidation or division involving Corporation or Bank, (ii) a sale,
      exchange, transfer or other disposition of substantially all of the assets
      of
      Corporation or Bank, or (iii) a purchase by Corporation or Bank of substantially
      all of the assets of another entity, unless (y) such merger, consolidation,
      division, sale, exchange, transfer, purchase or disposition is approved in
      advance by seventy percent (70%) or more of the members of the Board of
      Directors of Corporation or Bank who are not interested in the transaction
      and
      (z) a majority of the members of the Board of Directors of the legal entity
      resulting from or existing after any such transaction and of the Board of
      Directors of such entity’s parent corporation, if any, are former members of the
      Board of Directors of Corporation or Bank; or

    

    (b)
      any
“person” (as such term is used in Sections 13(d) and 14(d) of the Securities
      Exchange Act of 1934 (the “Exchange Act”)), other than Corporation or Bank or
      any “person” who on the date hereof is a director or officer of Corporation or
      Bank is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the
      Exchange Act), directly or indirectly, of securities of Corporation or Bank
      representing twenty-five (25%) percent or more of the combined voting power
      of
      Corporation or Bank’s then outstanding securities, or

    

    (c)
      during any period of two (2) consecutive years during the term of Executive’s
      employment under this Agreement, individuals who at the beginning of such period
      constitute the Board of Directors of Corporation or Bank cease for any reason
      to
      constitute at least a majority thereof, unless the election of each director
      who
      was not a director at the beginning of such period has been approved in advance
      by directors representing at least two-thirds of the directors then in office
      who were directors at the beginning of the period; or

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

       

    (d)
      any
      other change in control of Corporation and Bank similar in effect to any of
      the
      foregoing.

    

    5.
      DATE
      OF CHANGE IN CONTROL DEFINED. For purposes of this Agreement, the date of Change
      in Control shall mean:

    

    (a)
      the
      first date on which a single person and/or entity, or group of affiliated
      persons and/or entities, acquire the beneficial ownership of twenty-five (25%)
      or more of the Bank or Corporation’s voting securities, or

    

    (b)
      the
      date of the closing of an Agreement, transferring all or substantially all
      of
      the Bank or Corporation’s assets, or

    

    (c)
      the
      date on which a merger, consolidation or business combination is consummated,
      as
      applicable, or

    

    (d)
      the
      date on which individuals who formerly constituted a majority of the Board
      of
      Directors of the Bank or the Corporation under paragraph 4(b) above, cease
      to be
      a majority.

    

    6.
      NO
      EMPLOYMENT CONTRACT. This Agreement is not an employment contract. Nothing
      contained herein shall guarantee or assure Executive of continued employment
      by
      Corporation or Bank. Rather, Corporation’s and Bank’s obligations to Executive
      hereunder shall arise only if Executive continues to be employed by Corporation
      and Bank in his present or in a higher capacity and then only in the event
      the
      conditions described herein for payment to Executive have been met.

    

    7.
      WAIVER. No provision of this Agreement may be modified, waived or discharged
      unless such waiver, modification or discharge is agreed to in writing and signed
      by Executive and an executive officer specifically designated by the Boards
      of
      Directors of Corporation and Bank. No waiver by either party hereto at any
      time
      of any breach by the other party hereto of, or compliance with, any condition
      or
      provision of this Agreement to be performed by such other party shall be deemed
      a waiver of similar or dissimilar provisions or conditions at the same or at
      any
      prior or subsequent time.

    

    8.
      ATTORNEY’S FEES AND COSTS. If any action at law or in equity is necessary to
      enforce or interpret the terms of this Agreement, each party shall bear their
      own attorney’s fees, costs, and necessary disbursements.

    

    9.
      ENTIRE
      AGREEMENT. This Agreement supersedes any and all understandings and agreements,
      either oral or in writing, between the parties with respect to any severance
      that may become due as a result of or in connection with a Change in Control.
      This Agreement contains all the covenants and agreements between the parties
      with respect to any severance that may become due as a result of or in
      connection with a Change in Control.

    

    10.
      SUCCESSORS; BINDING AGREEMENT. This Agreement shall be binding upon and inure
      to
      the benefit of Corporation, Bank and Executive, and their respective successors,
      assigns, heirs and personal representatives.

    

    11.
      ARBITRATION. Corporation, Bank and Executive recognize that in the event a
      dispute should arise between them concerning the interpretation or
      implementation of this Agreement, lengthy and expensive litigation will not
      afford a practical resolution of the issues within a reasonable period of time.
      Consequently, each party agrees that all disputes, disagreements and questions
      of interpretation concerning this Agreement are to be submitted for resolution,
      in Philadelphia, Pennsylvania, to the American Arbitration Association (the
      “Association”) in accordance with the Association’s National Rules for the
      Resolution of Employment Disputes or other applicable rules then in effect
      (“Rules”). Corporation, Bank or Executive may initiate an arbitration proceeding
      at any time by giving notice to the other in accordance with the Rules.
      Corporation and Bank and Executive may, as a matter of right, mutually agree
      on
      the appointment of a particular arbitrator from the Association’s pool. The
      arbitrator shall not be bound by the rules of evidence and procedure of the
      courts of the Commonwealth of Pennsylvania but shall be bound by the substantive
      law applicable to this Agreement. The decision of the arbitrator, absent fraud,
      duress, incompetence or gross and obvious error of fact, shall be final and
      binding upon the parties and shall be enforceable in courts of proper
      jurisdiction. Following written notice of a request for arbitration,
      Corporation, Bank and Executive shall be entitled to an injunction restraining
      all further proceedings in any pending or subsequently filed litigation
      concerning this Agreement, except as otherwise provided herein.

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    

    

    

    12.
      VALIDITY. The invalidity or unenforceability of any provision of this Agreement
      shall not affect the validity or enforceability of any other provision of this
      Agreement, which shall remain in full force and effect.

    

    13.
      APPLICABLE LAW. This Agreement shall be governed by and construed in accordance
      with the domestic, internal laws of the Commonwealth of Pennsylvania, without
      regard to its conflicts of laws principles.

    

    
      
        14.
          HEADINGS.
          The section headings of this Agreement are for convenience only and shall
          not
          control or affect the meaning or construction or limit the scope or intent
          of
          any of the provisions of this Agreement.

      

    

    

    IN
      WITNESS WHEREOF, the parties have executed this Agreement as of the date first
      above written.

    

    
      	 	 	 
	
              ATTEST:

            	 	
              QNB
                CORP.

            
	 	 	 
	
              /s/
                Charles M. Meredith, III

            	 	
              /s/
                Thomas J. Bisko

            
	
              Charles
                M. Meredith, III, Secretary

            	 	
              Thomas
                J. Bisko, President

            
	 	 	 
	 	 	 
	
              ATTEST:

            	 	
              THE
                QUAKERTOWN NATIONAL BANK

            
	 	 	 
	
              /s/
                Charles M. Meredith, III

            	 	
              /s/
                Thomas J. Bisko

            
	
              Charles
                M. Meredith, III, Secretary

            	 	
              Thomas
                J. Bisko, President

            
	 	 	 
	 	 	 
	
              WITNESS:

            	 	
              EXECUTIVE:

            
	 	 	 
	
              /s/
                Ann B. Gaspar

            	 	
              /s/
                Bret H. Krevolin

            
	
              Ann
                B. Gaspar

            	 	
              Bret
                H. Krevolin, ExecutiveExhibit 4.6

                          COATES FAMILY TRUST AGREEMENT

      THIS COATES FAMILY TRUST AGREEMENT, is made and entered into this 15th day
of February, 2005 between George J. Coates, having an address c/o Coates
International, Inc. 2100 Highway #34 & Ridgewood Road, Wall Township, New Jersey
07719, Gregory G. Coates, having an address 600 State Highway Route 71,
Apartment No. 1, Spring Lake, NJ 07762-2001 and the Coates Trust, having an
address c/o Coates International, Inc. 2100 Highway #34 & Ridgewood Road, Wall
Township, New Jersey 07719 (hereinafter collectively, the "Settlors", or
individually, a "Settlor") and Paul M. Di Lorenzo, M.D., having an address 1
Main Street, Suite 104, PO Box 954, Eatontown, New Jersey 07724 (hereinafter
called the "Trustee")

                                    Recitals

            A. The Settlors possess full power to convey, sell, assign, and deal
      with their shares of the common stock of Coates Motorcycle Company, Ltd.,
      a Delaware corporation (the "Company"), which shares represent a majority
      of the issued and outstanding Company shares, empowering them to control
      all of the corporate and business affairs of the Company.

            B. George J. Coates and Gregory G. Coates desire to focus on, and
      dedicate all of their respective time and work efforts to, the business
      being conducted by Coates International, Ltd., an affiliate of the
      Company.

            C. In order to avoid any conflict of interests, or an appearance of
      any such conflict, which may arise out of, or in connection with, the
      performance of their respective duties and obligations while conducting
      the corporate and business affairs of Coates International, Ltd., George
      J. Coates and Gregory G. Coates desire to establish and create a trust
      (the "Trust"), pursuant to the general provisions of which all of their
      Company shares, as well as those shares beneficially owned by the Coates
      Trust, shall be delivered to an independent Trustee named herein who shall
      have absolute possession and control, including the right to vote as the
      record owner, over the Company shares transferred by the Settlors to the
      Trustee pursuant to the terms and provisions set forth herein.

            D. The primary purpose of this Trust is to confer on the Trustee the
      sole responsibility to administer the Trust and to manage the Trust
      assets, to wit, all of the Company shares beneficially owned by the
      Settlors, without the participation by, or the knowledge of, the Settlors.

            Accordingly, the Settlors and the Trustee agree as follows:

                          Section I. Transfer in Trust

            (a) Settlors hereby transfer and deliver to Trustee, in trust, all
of the shares of the common Stock of the Company (the "Stock") described in
Exhibit "A" attached and incorporated by reference herein. Settlors represent to
the Trustee that the Stock represents the entire beneficial and record ownership
interests they possess in the Company. The receipt of the Stock is acknowledged
by Trustee. The Stock, together with any other property that may later become
subject to this Trust, shall constitute the Trust assets, and shall be held,
administered, and distributed by Trustee as provided in this Trust Agreement.

      (b) During the term of this Trust Agreement, the Settlors shall not take
any action, give any direction to or make any disposition in respect of the
Stock except as shall be required to effectuate the terms and provisions of this
Trust Agreement.

<PAGE>

      (c) Settlors shall not make any direct or indirect communication with the
Trustee with respect to the trust created by this Trust Agreement ("Trust")
unless the communication is in writing, and unless it relates only:

            (i) To a request for a distribution in cash, if available as a
      result of the sale of the Stock held in the Trust, or

      (ii) To the notification of the Trustee of a law, regulation, court order
      or administrative order subsequently applicable to a Settlor which
      prohibits the Settlor from holding or owning the Stock or which requires
      the liquidation of the Stock of a Settlor.

     Section II. Disposition of the Stock or Proceeds From the Sale Thereof

      Except as may expressly be set forth below, the Trustee shall hold the
Stock and exercise all rights of the owner thereof in connection therewith as
further provided for herein during the term of this Trust Agreement. During the
term of this Trust Agreement and as long as the Trustee is empowered or
authorized to sell of any of the Stock, he shall comply with all of the laws,
rules and regulations promulgated under the Securities Act of 1933, as amended,
the Securities Exchange Act of 1934, as amended, and the applicable rules and
regulations of the American Stock Exchange or other national stock exchange and
their respective successors where the Company's securities may be listed for
trading. The Trustee shall be permitted to undertake the following with respect
to the Stock during the term of this Trust Agreement:

            (a) Sale of Stock. Commencing six (6) months following the final
      closing of the contemplated initial public offering of the Company's
      common stock, the Settlors may authorize the Trustee to sell part or all
      of the Stock in compliance with applicable federal and state securities
      laws. A Settlor's authorization to the Trustee to sell part or all of his
      or its Stock shall be in writing and shall identify the terms and
      conditions for the contemplated sale. Upon receipt of a Settlor's written
      authorization, the Trustee shall use his good faith efforts within a
      reasonable time. to prepare any and all documents and obtain any required
      third party consents or legal opinions necessary to effectuate the sale of
      the Stock, including but not limited to making any necessary
      communications with the Company's transfer agent and corporate officers.
      Upon any sale of part or all of a Settlor's Stock, the Trustee shall
      deliver the proceeds from such sale to the Settlor, less any reasonable
      brokerage fees and administrative expenses arising out of the execution of
      a Settlor's authorization to sell the Stock;

            (b) Dividends, Etc. In the event the Trustee receives any
      distribution of property or other consideration, distributed to the
      beneficial owners of common shares of the Company during the term of this
      Trust Agreement, the Trustee shall, in turn, distribute any such property
      or other consideration received to the Settlors in proportion to the
      amount of the Stock they transferred to the Trustees; and

            (c) Merger, Etc. In the event the Trustee receives property or other
      consideration in exchange for part or all of the Stock as a result of a
      Company merger, consolidation, recapitalization or exchange of shares, the
      Trustee shall distribute such property or other consideration to the
      Settlors in proportion to the Stock they transferred to the Trustee,
      provided, however, that in the event of any such merger, consolidation,
      recapitalization or exchange of shares, the Trustee receives shares of a
      company whose securities are registered pursuant to Section 12 of the
      Securities Exchange Act of 1934, as amended, and provided further that
      such shares represent 10% or more of its class of securities then issued
      and outstanding, such shares shall remain in the custody of the Trustee
      and be subject to the terms of this Trust Agreement and shall be treated
      as the original Stock for all purposes hereunder.

<PAGE>

                      Section III. Irrevocability of Trust

      Each Settlor renounces for himself or itself, and for their respective
estates, any power to determine or control, by alteration, amendment,
revocation, or termination, or otherwise, the rights granted to the Trustee
under the terms and provisions of this Trust Agreement.

                    Section IV. Trustee's Voting of the Stock

      Trustee shall be the record owner of the Stock and shall be vested with
voting rights connected to such ownership. Trustee shall have the right to vote
the Stock as a unit, and not otherwise, at all meetings of the stockholders of
the Company.

                       Section V. Other Powers of Trustee

      In addition to the explicit powers and discretions granted to or vested in
the Trustee by this Trust Agreement, Trustee shall have the additional powers
and discretions, to be exercised only in a fiduciary capacity and in the
interest of the Settlors, to do all acts, institute all proceedings, and
exercise all rights and privileges in the management of the Trust as if the
absolute owner of it, that Trustee may deem necessary or proper for the
conservation and protection of the Stock until the termination of this Trust
Agreement.

                       Section VI. Compensation of Trustee

         The Trustee agrees to administer the Trust without compensation.

                         Section VII. Successor Trustees

      On Trustee's resignation, incapacity or inability to continue to act as
Trustee, Trustee shall appoint as successor Trustee ___________________[name],
of ___________________ [address], City of _________________[city], County of
__________________ [county], State of New Jersey. Any successor Trustee shall
have all the duties and powers assumed and conferred in this Trust Agreement on
Trustee, together with the power in any successor Trustee to appoint its own
successor. The appointment of a successor Trustee shall be made by an
acknowledged instrument delivered to the Settlors.

                          Section VIII. Trustee's Bond

      Neither the Trustee nor successor Trustee shall be required to give any
bond or other security.

                             Section IX. Accounting

      Except as provided in Section II of this Trust, the Trustee shall make no
accounting to the Settlors until the date of termination of this Trust
Agreement, at which time the Trustee shall make a full and proper accounting and
turn over to the Settlors any and all assets of the Trust.

       Section X. Trustee's Acceptance; Law Governing Trust; Severability

     This Trust has been accepted by Trustee and will be administered in the
State of New Jersey. The validity, construction, and all rights under this Trust
Agreement shall be governed by the laws of that state and all litigation
concerning the Trust shall be conducted in the Superior Court of New Jersey,
Monmouth County, and the parties hereto submit to the jurisdiction of that
court. If any provision of this Trust Agreement should be invalid or
unenforceable, the remaining provisions shall continue to be fully effective.

<PAGE>

Section XI. Term of Trust-Duration

      This Trust shall terminate upon the first to occur of the following:

      (a) On the first anniversary date of the creation of the Trust in the
event the common stock of the Company has not been listed for trading on the
American Stock Exchange or other national stock exchange or successor exchanges;
or

      (b) Upon the final sale of all the Stock or upon a merger or other capital
transaction described in Section II (c); or (c) Upon the tenth (10th)
anniversary date of the creation of the Trust.

      Upon the termination of the Trust the Stock, if any then being held in
accordance with the terms of this Trust Agreement, shall be transferred by the
Trustee to the Settlors.

Section XII.  Liability - Indemnification

      The Trustee shall use his best judgment in exercising his powers under
this Trust, including voting the Stock as permitted under Section IV above, and
shall not be liable to the Settlors for any consequences resulting from the
exercise of his powers hereunder, including the consequences of any vote cast or
shareholder consent given by him in good faith and in the absence of gross
negligence. The Settlors hereby agree to defend the Trustee and to hold him
harmless from and against any liability of any nature whatsoever arising out of
or in connection with Trustee's performance under the terms of this Trust
Agreement except, however, in the event the Trustee is found by a court of
competent jurisdiction to have not acted in good faith or to have been liable
for gross negligence. By this indemnification, the Settlors, jointly and
severally, agree to pay for any and all costs, expenses, judgments or other
assessments based upon any liability assessed against the Trustee arising out of
any lawsuit, administrative proceeding or other action under this Trust
Agreement provided, however, that in the event the Trustee is found to have been
liable for acting in bad faith or for gross negligence in any such lawsuit,
administrative proceeding or other action, the Settlors shall be entitled to a
return, on demand, of any and all amounts of monies theretofore paid by Settlors
to Trustee under this Section XII indemnification.

Section XIII. Binding Effect

      This Trust Agreement shall inure to the benefit of and be binding upon the
Settlors, their successors and assigns, and upon the Trustee.

Section XIV.  Entire Agreement

      This Trust Agreement supersedes all prior agreements between the parties
relating to its subject matter. There are no other understandings or agreements
between them concerning the subject matter.

Section XV.  Notices

      All notices or other documents under this Trust Agreement shall be in
writing and delivered personally or mailed by certified mail, return receipt
requested, postage prepaid, addressed to the parties at their addresses stated
herein.

<PAGE>

Section XVI.  Non-waiver

      No delay or failure by a party to exercise any right under this Trust
Agreement, and no partial or single exercise of that right, shall constitute a
waiver of that or any other right, unless otherwise expressly provided herein.

Section XVII.  Captions

      The captions in this Trust Agreement are for convenience only and shall
not be used to interpret or construe its provisions.

Section XVIII.  Counterparts

      This Trust Agreement may be executed in two or more counterparts, each of
which shall be deemed an original but all of which together shall constitute one
and the same instrument.

      In witness of the above, the Settlors and Trustee have executed this Trust
Agreement at Wall, New Jersey the day and year first above written.

                                   SIGNATURES

                                                SETTLORS:

                                                /s/ George J. Coates
                                                --------------------
                                                    George J. Coates

                                                /s/ Gregory G. Coates
                                                ---------------------
                                                    Gregory G. Coates

                                                The Coates Trust

                                                  /s/ George J. Coates
                                                ------------------------------
                                                By:  George J. Coates, Trustee

                                                TRUSTEE:

                                                /s/ Paul M. DiLorenzo
                                                ---------------------------
                                                Paul M. DiLorenzo

<PAGE>

                                [Acknowledgments]
State of New Jersey
County of Ocean   ss.:

         BE IT REMEMBERED, that on this 15th day of February, 2005, before me,
the subscriber, personally appeared George J. Coates, who I am satisfied, is the
Settlor mentioned in the foregoing instrument, to whom I first made known the
contents thereof, and thereupon he acknowledged that he signed, sealed and
delivered the same as his voluntary act and deed, for the uses and purposes
therein expressed

                                                  /s/ Shirley Naidel
                                                  ----------------------------
                                                  Notary Public

State of New Jersey
County of Ocean   ss.:

         BE IT REMEMBERED, that on this 15th day of February, 2005, before me,
the subscriber, personally appeared Gregory G. Coates, who I am satisfied, is
the Settlor mentioned in the foregoing instrument, to whom I first made known
the contents thereof, and thereupon he acknowledged that he signed, sealed and
delivered the same as his voluntary act and deed, for the uses and purposes
therein expressed

                                                  /s/ Shirely Naidel
                                                  -----------------------
                                                  Notary Public

State of New Jersey
County of Ocean   ss.:

         BE IT REMEMBERED, that on this 15th day of February, 2005, before me,
the subscriber, personally appeared George J. Coates, who I am satisfied, is the
Trustee of The Coates Trust, a Settlor mentioned in the foregoing instrument, to
whom I first made known the contents thereof, and thereupon he acknowledged that
he signed, sealed and delivered the same as his voluntary act and deed, as the
Trustee of The Coates Trust for the uses and purposes therein expressed

                                                  /s/ Shirley Naidel
                                                  ------------------
                                                  Notary Public

 State of New Jersey
County of Ocean   ss.:

         BE IT REMEMBERED, that on this 15th day of February, 2005, before me,
the subscriber, personally appeared Paul M. DiLorenzo, who I am satisfied, is
the Trustee mentioned in the foregoing instrument, to whom I first made known
the contents thereof, and thereupon he acknowledged that he signed, sealed and
delivered the same as his voluntary act and deed, for the uses and purposes
therein expressed

                                                  /s/ Shirley Naidel
                                                  ---------------------------
                                                  Notary Public

<PAGE>

                                    Exhibit A

     Name of Settlor                Number of Common Shares of Coates Motorcycle
                                    Company, Ltd., Beneficially Owned___________

     George J. Coates                              3,007,500

     Gregory G. Coates                             2,424,000

     The Coates Trust                              3,000,000

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