CHANGE IN 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.
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 Financial 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.
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
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 dur