Document:

EXHIBIT "B'
                                 PROMISSORY NOTE

$ 1,000,000.00                 Addison, IL                    Date: May 29, 2003

FOR VALUE RECEIVED, the undersigned Martin H. Wozniak, as maker(s) (hereinafter
referred to as the "Maker"), promises to pay to the order of SUBURBAN CAPITAL
CORP., as payee (hereinafter called "Payee", which term shall also refer to any
subsequent owner or holder of this Note), the principal sum of ONE MILLION AND
00/100 ($1,000,000.00) DOLLARS, said principal being payable in lawful money of
the United States of America at the offices of Maker or shares of stock (to be
liquidated the proceeds of which to be received on or before the due date).

           Principal of this Note shall b due and payable as follows: Principal
shall be due and payable three hundred sixty five (365) days from the date
hereof.

Payment shall be made on or before the 12:00 p.m. (noon) Central Standard Time
on the date due in either Certified Funds that clear the bank account of Payee
or by wire transfer received by the bank designated by Payee or through proceeds
of the sale of stock to be liquidated with such proceeds of sale to be applied
to the debt.. Any other mode of payment shall be unacceptable. If, for any
reason a certified check or wire transfer is not honored, any tender of such
payment will be deemed void and Payee will have available to it all remedies
contained in this Promissory Note. A money order shall not constitute certified
funds. Only a check certified by a financial institution shall constitute
certified funds.

           Maker may prepay this Note in whole or in part at any time without
being required to pay any penalty or premium for such privilege. All payments
hereunder, whether designated as payments of principal or interest, shall be
applied first to unpaid and accrued interest, then to the discharge of any
expenses or damages for which the holder of this Note may be entitled to receive
reimbursement under the terms of this Note, and last to unpaid principal. In the
application of any prepayment of principal as any written agreement between
Maker and Payee, each such prepayment shall be applied to installments of
principal in the inverse order of maturity. All past due sums, including
principal and interest of this Note, whether due as the result of acceleration
of maturity or otherwise, shall bear interest at a term rate equal to eighteen
percent (18%) from the date the payment thereof shall have become due until the
same have been discharged by payment.

           If any installment or payment of principal or interest of this Note
is not paid when due; or if both of Maker or any drawer, acceptor, endorser,
guarantor, surety accommodation party or other person now or hereafter primarily
or secondarily liable upon or for payment of this Note (each hereinafter called
an "other liable party") become insolvent (however such insolvency may be
evidenced); or if Maker or any other liable party shall file a voluntary
petition in bankruptcy or for relief under provision of any federal bankruptcy
law or similar law of any other jurisdiction; or if any involuntary petition

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under any federal bankruptcy law or similar law of any other jurisdiction shall
be filed against Maker or any other liable party and such involuntary petition
is not dismissed within ninety (90) days thereafter; or if Maker or any other
liable party shall adjudicated a bankrupt or insolvent; or if Maker of any other
liable party shall file any petition or answer seeking for itself any
arrangement, composition, winding up, liquidation, readjustment, reorganization
or dissolution under any federal bankruptcy law or any applicable present or
future law, statue or regulation of the United States, any state thereof or any
other jurisdiction, or shall file any answer admitting the material allegations
of a petition or complaint filed against Maker or any other liable party in any
such proceeding; or if Maker or any other liable party shall make an assignment
of judgment shall be restored to or commenced against Maker or any liable party,
or with respect to any property of any of them; or if governmental authority, or
any court at the instance thereof, shall take possession of any substantial part
of the property of or assume control over the affairs or operations of Maker or
any other liable party, or a receiver, trustee or any other judicial officer
shall be appointed for or possession of all or any substantial part of the
property of, or writ or order of attachment or garnishment shall be issued or
made against, any of the property of Maker or any other liable party, or if
Maker or any other liable party shall seek, consent to or acquiesce in any of
the foregoing; or if any Indebtedness for which Maker or other liable party is
primarily or secondarily liable shall not be paid when due or shall permit the
holder of any such indebtedness to declare it due and payable upon the lapse of
time, giving of notice or otherwise; or if Maker or any liable party (if other
than a natural person) shall be dissolved, wound up, liquidated or otherwise
terminated, or be a party to any merger, corporate reorganization or
consolidation without the written consent of Payee; or if Maker or any other
liable party shall sell substantially all of any integral portion of its assets
without the written consent of Payee; or if Maker or any other liable party
fails to furnish financial information requested by Payee; or if Maker or any
other liable party furnishes or has furnished any financial or other information
or statements which are misleading in any respect; or if a default occurs under
or if Maker or any other liable party violates any covenant, agreement or
condition contained in any instrument now or hereafter executed in connection
with or as security for this Note; thereupon, at the option of Payee, this Note
and any and all other indebtedness of Maker to Payee shall become and be due and
payable forthwith.

           Make and each other liable party shall be directly and primarily,
jointly and severally, liable to any legal holder of this Note for the payment
of all sums called for hereunder. Maker and each other liable party agree:

(1)                            That Payee or other legal holder of this Note
                               may, at any time, and from time to time, on
                               request of or by agreement with Maker or any
                               other liable party, with or without notice to or
                               the consent of Maker or any other liable party,
                               extend the maturity of, renew, extend for any
                               period or rearrange all or any part hereof;
(2)                            That it will be necessary for the Payee or any
                               holder hereof, in order to enforce payment of
                               this Note, to first institute or exhaust its
                               remedies against Maker or any other liable party
                               or to enforce its rights against any security of
                               this Note; and

<PAGE>

           If in the event of default hereunder or under any other instrument
now or hereafter executed in connection with or as security for this Note, this
Note is placed in the proceedings or through probate, (whether or not suit is
filed), or if this Note is collected by suit or legal proceedings. Maker and
each other liable party agrees to pay the reasonable attorneys fees of Payee and
the expense of collection in connection therewith, but in no event to exceed the
maximum amount permitted by applicable law.

           It is the intention of the parties hereto to strictly comply with and
conform to all applicable law, including usury laws. Accordingly,
notwithstanding any provision of this Note, or any security instrument or other
document, instrument or agreement evidencing, accruing or entered into in
connection with this Note or the loan transaction evidenced hereby, it is
expressly agreed as follows:

               (1)  In no event shall Maker or any other liable party be
                    required to pay interest in excess of the maximum
                    non-usurious contract rate of interest (determined from time
                    to time if the applicable maximum rate is a floating rate)
                    that Payee may charge Maker under applicable law in regard
                    to which Maker would be prevented successfully from raising
                    the claim or defense of usury (hereinafter called "Maximum
                    Rate"), nor under any circumstances shall the aggregate of
                    all consideration which constitutes interest under
                    applicable law and taken, reserved, charged, received,
                    contracted for, chargeable or receivable under this Note, or
                    any security instrument or other document, instrument or
                    agreement evidencing hereby exceed the maximum amount of
                    interest allowed by applicable law, and any excess interest
                    shall be deemed a mistake and canceled automatically or, if
                    theretofore paid, shall, at the option of the holder of this
                    Note, either be refunded to Maker or credited on this Note,
                    or any other obligation of Maker or any other liable party
                    to the holder hereof; and
               (2)  In the event the maturity of this Note is accelerated for
                    any reason before the due date hereof, or in the event of
                    any prepayment hereof, then such consideration that
                    constitutes interest under applicable law may never include
                    or exceed more than the maximum amount allowed by applicable
                    law, and excess interest, if any, provided for in this Note
                    or otherwise shall be canceled automatically as of the date
                    of such acceleration or prepayment, and if theretofore paid,
                    shall, at the option of the holder of this Note, either be
                    refunded to Maker or credited on this Note or any other
                    obligation of Maker or any other liable party to the holder
                    hereto.

<PAGE>

           In determination whether or not interest paid or payable exceeds the
Maximum Rate, Maker and Payee shall, to the extent permitted by applicable law,
(a) characterize any non-principal payment as an expense fee, or premium rather
than as interest, (b) exclude voluntary prepayments and effects thereof, and (c)
authorize, prorate, allocate, and spread in equal or unequal parts the total
amount of interest throughout the contemplated term of the indebtedness
evidenced by this Note so that interest for the entire term does not exceed the
Maximum Rate.

           The laws of the State of Illinois shall apply to this Note and the
loan transaction contemplated hereby, this agreement shall be deemed to have
been executed in the state of Illinois County of DuPage, and Maker expressly
consents to the jurisdiction of any Court located within the State of Illinois
in any action pertaining to this Note.

           Any check, draft, money order or other instrument given in payment of
any portion of this Note may be accepted by the holder hereof and handled in
collection in the customary manner, but the same shall not constitute payment
hereunder or diminish any rights of the holder hereof except to the extent that
actual cash proceeds of such instrument are unconditionally received by the
holder and applied to this indebtedness in the manner provided elsewhere herein.

                                       MAKER(S):
                                       By:  /s/ MARTIN WOZNIAK
                                            ------------------
                                            Marty H. Wozniak

                                       PAYEE:
                                       SUBURBAN CAPITAL CORP.
                                       2121 W. Army Trail Rd.
                                       Suite 105
                                       Addison, IL 60101

                                       By:   /s/ FRANK J. CUSTABLE JR.
                                             -------------------------
                                             Frank J. Custable, Jr., Pres.

<PAGE><PAGE>

                                                                     EXHIBIT 4.0

                    (FORM OF STOCK CERTIFICATE - FRONT SIDE)

NUMBER                                                                    SHARES

COMMON STOCK                                           CUSIP ___________________
(Par Value $.01 Per Share)                                       See reverse for
                                                             certain definitions

                               KNBT BANCORP, INC.
                           A Pennsylvania Corporation

        This certifies that ___________________________________ is the
registered holder of _________________ fully paid and non-assessable shares of
the Common Stock, par value $.01 per share, of KNBT Bancorp, Inc., Bethlehem,
Pennsylvania (the "Corporation").

        The shares evidenced by this Certificate are transferable in person or
by a duly authorized attorney or legal representative, upon surrender of this
Certificate properly endorsed. This Certificate and the shares represented
hereby are subject to all the provisions of the Articles of Incorporation and
Bylaws of the Corporation and any and all amendments thereto. This Certificate
is not valid unless countersigned by the Transfer Agent and registered by the
Registrar. This security is not a deposit or savings account and is not insured
or guaranteed by the Federal Deposit Insurance Corporation or any other Federal
or state governmental agency.

        IN WITNESS WHEREOF, the Corporation has caused this Certificate to be
executed by the facsimile signatures of its duly authorized officers and has
caused its facsimile seal to be affixed hereto.

Dated:

---------------------(SEAL)                -------------------------------------
Michelle A. Linsky                         Scott V. Fainor
Corporate Secretary                        President and Chief Executive Officer

<PAGE>

                     (FORM OF STOCK CERTIFICATE - BACK SIDE)

        The Corporation is authorized to issue more than one class of stock,
including a class of preferred stock which may be issued in one or more series.
The Corporation will furnish to any stockholder, upon written request and
without charge, a full statement of the designations, preferences, limitations
and relative rights of the shares of each class authorized to be issued and,
with respect to the issuance of any preferred stock to be issued in series, the
relative rights and preferences between the shares of each series so far as the
rights and preferences have been fixed and determined and the authority of the
Board of Directors to fix and determine the relative rights and preferences of
subsequent series.

        The Articles of Incorporation of the Corporation includes a provision
which generally prohibits any person (including an individual, company or group
acting in concert) from directly or indirectly offering to acquire or acquiring
the beneficial ownership of more than 10% of any class of equity securities of
the Corporation. In the event that stock is acquired in violation of this 10%
limitation, the excess shares will no longer be counted in determining the total
number of outstanding shares for purposes of any matter involving stockholder
action and the Board of Directors of the Corporation may cause such excess
shares to be transferred to an independent trustee for sale in the open market
or otherwise, with the expenses of such sale to be paid out of the proceeds of
the sale.

        The following abbreviations, when used in the inscription on the face of
this Certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

TEN COM  -  as tenants in common

TEN ENT  -  as tenants by the entireties

JT TEN   -  as joint tenants with right of survivorship and not
            as tenants in common

UNIF GIFT MIN ACT - ______________ Custodian ______________ under         (Cust)
     (Minor)
    Uniform Gifts to Minors Act ________________________
                           (State)

Additional abbreviations may also be used though not in the above list.

<PAGE>

        For value received, _________________________________ hereby sell,
assign and transfer

PLEASE INSERT SOCIAL SECURITY OR OTHER
TAXPAYER IDENTIFYING NUMBER OF ASSIGNEE

______________________________
               |
______________________________

unto ______________________________________________________________
PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF
ASSIGNEE

________________________________________________________________________________
________________________________________________________________________________
________________________________________
__________________________ shares of Common Stock represented by this
Certificate, and do hereby irrevocably constitute and appoint
__________________________ as Attorney, to transfer the said shares on the books
of the within named Corporation, with full power of substitution.

Dated _____________ __, ____

                                              ---------------
                                              Signature

                                              ---------------
                                              Signature

Notice: The signature(s) to this assignment must correspond with the name(s)
written upon the face of this Certificate in every particular, without
alteration or any change whatsoever.

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