AMENDMENT NO. 1 TO THE PURCHASE AGREEMENTPurchase agreement • November 9th, 2020 • First Bancorp /Pr/ • State commercial banks
This Amendment No. 1, dated as of September 1, 2020 (this “Amendment”), to the Stock Purchase Agreement, dated as of October 21, 2019 (as amended, modified or supplemented from time to time in accordance with its terms, the “Purchase Agreement”), by and between FirstBank Puerto Rico, a bank organized under the laws of the Commonwealth of Puerto Rico (“Buyer”), Santander Holdings USA, Inc., a Virginia corporation (“Seller”), and, solely for purposes of Article IV, Section 5.03 and Article X, First BanCorp., a corporation organized under the laws of the Commonwealth of Puerto Rico (“Buyer Parent”).
