AMENDMENT NUMBER 1 to SECURITIES PURCHASE AGREEMENT by and among R&G FINANCIAL CORPORATION, R&G ACQUISITION HOLDINGS CORPORATION, ELLIOTT ASSOCIATES, L.P. and FINANCIAL STOCKS CAPITAL PARTNERS IV L.P. Dated as of October 1, 2007Securities Purchase Agreement • October 5th, 2007 • R&g Financial Corp • State commercial banks
THIS AMENDMENT NO. 1 TO SECURITIES PURCHASE AGREEMENT (this “Amendment”) is made as of October 1, 2007 by and among R&G Financial Corporation, a Puerto Rico corporation (“RGF”), R&G Acquisition Holdings Corporation, a Florida corporation (the “Company” or “RAC” and, along with RGF, the “Companies”), Elliott Associates, L.P (“Elliott”), and Financial Stocks Capital Partners IV L.P., and, along with Elliott, the “Majority Holders”), with the Majority Holders acting on behalf of all of the investors (each, an “Investor” and collectively, the “Investors”) listed on Schedule A to the Stock Purchase Agreement dated March 27, 2006 between the Companies and such Investors (the “Agreement”). Terms that are not otherwise defined herein shall have the meaning which is set forth in the Agreement and the Operative Documents, as defined in the Agreement.
