0001125282-06-003847 Sample Contracts

AMENDMENT TO INVESTMENT AGREEMENT
Investment Agreement • July 3rd, 2006 • Banco Santander Central Hispano Sa • Commercial banks, nec

This AMENDMENT (this “Amendment”) to the Investment Agreement (the “Agreement”) dated as of October 24, 2005 between Banco Santander Central Hispano, S.A., a Spanish sociedad anónima (“Buyer”), and Sovereign Bancorp, Inc., a Pennsylvania corporation (the “Company”), is made as of November 22, 2005, between Buyer and the Company.

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INVESTMENT AGREEMENT dated as of October 24, 2005 between BANCO SANTANDER CENTRAL HISPANO, S.A. and SOVEREIGN BANCORP, INC.
Investment Agreement • July 3rd, 2006 • Banco Santander Central Hispano Sa • Commercial banks, nec • New York

AGREEMENT (this “Agreement”) dated as of October 24, 2005 between Banco Santander Central Hispano, S.A., a Spanish sociedad anónima (“Buyer”), and Sovereign Bancorp, Inc., a Pennsylvania corporation (the “Company”).

SECOND AMENDMENT TO INVESTMENT AGREEMENT
Investment Agreement • July 3rd, 2006 • Banco Santander Central Hispano Sa • Commercial banks, nec

This SECOND AMENDMENT (this “Second Amendment”) to the Investment Agreement (the “Agreement”) dated as of October 24, 2005 and amended as of November 22, 2005 between Banco Santander Central Hispano, S.A., a Spanish sociedad anónima (“Buyer”), and Sovereign Bancorp, Inc., a Pennsylvania corporation (the “Company”), is made as of May 31, 2006, between Buyer and the Company.

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