0000950123-10-019763 Sample Contracts

AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT
Employment Agreement • March 2nd, 2010 • First Bancorp /Pr/ • State commercial banks

This AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT (this “Amendment”), is entered into and is effective as of October 27, 2009, by and between, on the one hand, FIRST BANCORP (the “Corporation”), a corporation organized under the laws of the Commonwealth of Puerto Rico (the “Commonwealth”), and FIRSTBANK PUERTO RICO (the “Bank”), a banking institution organized under the laws of the Commonwealth that is a wholly-owned subsidiary of the Corporation, and, on the other hand, Aurelio Alemán (the “Executive”), President and Chief Executive Officer of the Corporation.

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AMENDMENT NO. 2 TO SERVICES AGREEMENT
Services Agreement • March 2nd, 2010 • First Bancorp /Pr/ • State commercial banks

This AMENDMENT NO. 2 TO SERVICES AGREEMENT (this “Amendment”), is entered into and is effective as of January 29, 2010, by and between, on the one hand, FIRST BANCORP (“FirstBank”), a corporation organized under the laws of the Commonwealth of Puerto Rico (the “Commonwealth”), and, on the other hand, MARTÍNEZ ODELL & CALABRIA (the “Contractor”), a Puerto Rico law firm.

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