FORM OF SUBSCRIPTION AGENT and INFORMATION AGENT AGREEMENTSubscription Agent and Information Agent Agreement • November 23rd, 2005 • Popular Inc • State commercial banks • New York
Popular, Inc., a Puerto Rico corporation (the “Company”) is making an offer (the “Subscription Offer”) to issue to the holders of record (the “Holders”) of its outstanding shares of common stock par value $6.00 per share (the “Common Stock”), at the close of business on November 7, 2005 (the “Record Date”), the non-transferable right (each a “Right”) to subscribe for and purchase up to 10,500,000 shares of Common Stock (the “Additional Common Stock”) at a purchase price of $21.00 per share of Additional Common Stock (the “Subscription Price”), payable by cashier’s check or official check upon the terms and conditions set forth herein. The term “Subscribed” shall mean submitted for purchase from the Company by a Holder in accordance with the terms of the Subscription Offer, including in respect of the Oversubscription Right (as defined below) and the term “Subscription” shall mean any such submission. The Subscription Offer will expire at 5:00 p.m., New York City Time, on December 19, 2
