0000950144-08-002038 Sample Contracts

MERGER AGREEMENT
Merger Agreement • March 17th, 2008 • Santander Bancorp • National commercial banks • Puerto Rico

MERGER AGREEMENT dated as of October 15, 2007 (the “Agreement” or “Merger Agreement”), among BANCO SANTANDER PUERTO RICO (the “Bank”), a bank organized under the laws of the Commonwealth of Puerto Rico (the “Commonwealth”) and SANTANDER MORTGAGE CORPORATION (“Santander Mortgage”), a corporation organized under the laws of the Commonwealth and a wholly-owned subsidiary of the Bank.

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Sale-Purchase Agreement (HQ Office Building) Between BANCO SANTANDER PUERTO RICO, as Seller And Corporación Hato Rey Uno, as Purchaser Dated as of December 20, 2007
Sale-Purchase Agreement • March 17th, 2008 • Santander Bancorp • National commercial banks • Puerto Rico

SALE-PURCHASE AGREEMENT (this “Agreement”), dated as of the 20th day of December, 2007, by and between BANCO SANTANDER PUERTO RICO, a banking corporation organized under the laws of the Commonwealth of Puerto Rico (“Seller”), and CORPORACIÓN HATO REY UNO, a corporation organized under the laws of the Commonwealth of Puerto Rico (“Purchaser”).

OPTION AGREEMENT (Quisqueya 12, Inc.)
Option Agreement • March 17th, 2008 • Santander Bancorp • National commercial banks

This Option Agreement (“Agreement”) is executed as of this 21st day of December, 2006, among CREFISA, INC., a Puerto Rico corporation (“Seller”), D&D INVESTMENT GROUP, S.E., a Puerto Rico special partnership (“Buyer”) and QUISQUEYA 12, INC., a Puerto Rico corporation (the “Company,” and together with Seller and Buyer, collectively, the “Parties”).

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