BANCA INVERSIONES HIPOTECAS Oficinas Ejecutivas PO Box 195115 San Juan PR 00919-5115 Tel 787-771-6800 Fax 787-771-6770Oriental Financial Group Inc • March 28th, 2007 • State commercial banks
This letter will amend the Investment Management Agreement dated January 17, 2007 (the “Agreement”) between Oriental Financial Group Inc., Oriental Bank & Trust, and Oriental International Bank Inc. (“Client”) and Bear Stearns Asset Management Inc. (the “Manager”). The Investment Management Agreement shall be amended to include the following provision:
INVESTMENT MANAGEMENT AGREEMENT Regular Account (Third-Party Custodian)Investment Management Agreement • March 28th, 2007 • Oriental Financial Group Inc • State commercial banks • New York
THIS AGREEMENT, made this 17 day of January, 2007 by and between Bear Stearns Asset Management Inc., a New York corporation with principal offices at 383 Madison Avenue, New York, New York 10179 (the “Investment Manager”), and Oriental Financial Group Inc., Oriental Bank & Trust, and Oriental International Bank Inc., each a Puerto Rico corporation with principal offices at Oriental Center, Professional Offices Park, 997 San Roberto Street, 10th Floor, San Juan Puerto Rico 00926 (collectively, the “Client”).
