Exhibit 10.1

This PURCHASE AND ASSUMPTION AGREEMENT (this “Agreement”) is entered into as of February 18, 2015 between Banco Popular de Puerto Rico (“Seller”), and FirstBank Puerto Rico (“Purchaser”, together with Seller, the “Parties”).

WHEREAS, the Federal Deposit Insurance Corporation (“FDIC”) is currently marketing FDIC Project 15001, a failed bank acquisition of Doral Bank (the “Failed Bank”), and has announced that February 19th, 2015 at 8:00 am CST is the bid acceptance deadline (the “Bid Acceptance Deadline”);

WHEREAS, the FDIC has provided a process whereby prospective bidders may establish an alliance to submit a bid (an “Alliance Bid”) through a lead bidder (the “Lead Bidder”) that encompasses assets or liabilities of the Failed Bank that such Lead Bidder intends to acquire and then subsequently transfer to a third-party member of the alliance (such third party, an “Alliance Bidder”);

WHEREAS, the Parties desire to make one or more Alliance Bids by the Bid Acceptance Deadline, with Seller serving as the Lead Bidder and party to the purchase and assumption agreement to be entered by and among Seller, the FDIC, in its capacity as Receiver (the “Receiver”) and the FDIC, acting in its corporate capacity (the “Corporation”) (the “Primary P&A Agreement”), and with Purchaser serving as an Alliance Bidder;

WHEREAS, the Parties entered into an alliance agreement, dated as of February 18, 2015, by and between the Parties (the “Alliance Agreement”) and agreed to work in good faith to enter into this Agreement as promptly as practical after the date of the Alliance Agreement;

WHEREAS, if an Alliance Bid is accepted by the FDIC, Seller, in its capacity as the Lead Bidder, will purchase certain assets and assume certain liabilities of the Failed Bank upon the terms and conditions to be set forth in the Primary P&A Agreement, including certain assets and liabilities associated with the branches of the Failed Bank set forth in Exhibit 1 (the “Transferred Branches”); and

WHEREAS, Purchaser, as an Alliance Bidder, desires to purchase from Seller, and Seller, as the Lead Bidder, desires to sell to Purchaser, the Transferred Assets, and Purchaser, as an Alliance Bidder, desires to assume from Seller, and Seller, as the Lead Bidder, desires to have Purchaser assume, the Assumed Liabilities (including the Transferred Deposits) (each as defined herein), in each case upon the terms and conditions set forth herein;

NOW, THEREFORE, in consideration of the premises and mutual agreements hereinafter set forth, Seller and Purchaser agree as follows:

(a) As of the Effective Time and upon the terms and conditions set forth herein, Seller will sell, assign, transfer, convey and deliver to Purchaser, and Purchaser will purchase from Seller on the terms set forth herein, all of the rights, title and interest of Seller in the following assets, only to the extent such assets are transferred to Seller under the Primary P&A Agreement or the FDIC agrees to transfer any such assets directly to Purchaser and subject to all liabilities for indebtedness collateralized by “Liens” (as defined in the Primary P&A Agreement) affecting such assets (if any) to the extent provided in Section 2.1 of the Primary P&A Agreement other than liabilities for borrowings from, and obligations and indebtedness to, Federal Reserve Banks and Federal Home Loan Banks (if any) (collectively, the “Transferred Assets”):

(A) all real estate and improvements thereon of the Transferred Branches that are owned by the Failed Bank (the “Owned Bank Premises”), all of which Owned Bank Premises are listed on Exhibit 1.1(a)(1)(A);

(B) all leases under which land and/or buildings used as Transferred Branches that are leased by the Failed Bank as of the Closing Date and which Seller has an option to assume under the Primary P&A Agreement (the “Leased Bank Premises”, and together with the Owned Bank Premises, the “Bank Premises”), all of which Leased Bank Premises are listed on Exhibit 1.1(a)(1)(B);

(C) furniture, fixtures, leasehold improvements, equipment and other tangible personal property located at the Transferred Branches (but only to the extent that they are located at the Transferred Branches), including “Specialty Assets” but excluding “Leased Data Management Equipment” (each as defined in the Primary P&A Agreement) (collectively, the “Personal Property”); and

(2) the rights set out in Section 7.7 of this Agreement with respect to those operating contracts under which goods or services are provided at the Transferred Branches, but excluding (A) all contracts that do not apply solely to the Transferred Branches but also apply to other branches or operations of the Failed Bank, and (B) all data processing contracts, regardless of scope (subject, in each case, to such exclusions, the “Assignable Contracts”);

(3) all safe deposit contracts and leases for the safe deposit boxes located at the Transferred Branches (the “Safe Deposit Contracts”), if any;

(4) all securities and other items held at the Transferred Branches in safekeeping for customers of the Failed Bank (the “Safekeeping Assets”), if any;

(A) overdrafts of customers (including but not limited to overdrafts made pursuant to an overdraft protection plan or similar extension of credit) in connection with the Transferred Deposits (the “Overdraft Loans”);

(B) “Deposit Secured Loans” (as defined in the Primary P&A Agreement) that are fully secured by the Transferred Deposits; and

(C) all loans in “Optional Loan Pool 30” (as defined in the document attached as Annex A to Exhibit 1.1(a)(5)(C) (“Final Project 15001 Loan Pools as of 12/31/14”) (“SFR Loans” and, together with the Overdraft Loans and Deposit Secured Loans, the “Transferred Loans”);

(6) all coins and currency located at the Transferred Branches as of the Effective Time (the “Coins and Currency”);

(7) any such Bank Premises, Personal Property or Assignable Contracts that are acquired by Purchaser pursuant to this Agreement; and

(8) “Failed Bank Records” (as defined in the Primary P&A Agreement) relating to the Transferred Assets, subject to Section 7.19 of this Agreement.

(b) The Parties understand and agree that Purchaser is purchasing only the assets specified in this Agreement and only to the extent Seller obtains such assets under the Primary P&A Agreement or the FDIC agrees to transfer any such assets directly to Purchaser. Purchaser shall have no interest in or right to any other assets (the “Excluded Assets”).

(a) From and after the Effective Time, Purchaser will assume, and will pay, perform and discharge as they become due, all of the following (collectively the “Assumed Liabilities”):

(1) all liabilities, duties and obligations related to the “Assumed Deposits” (as defined in the Primary P&A Agreement) that were transferred to Seller under the Primary P&A Agreement that (A) are booked at the Transferred Branches or (B) are (i) non-brokered certificate of deposits or (ii) Assumed Deposits in individual retirement accounts (the “IRA Accounts”), in each of the cases of clauses (A) and (B), which were booked at the Transferred Branches as of September 30, 2014 to the extent such deposits remain outstanding as of the

Effective Time, in each of the cases of clauses (A) and (B), including accrued but unpaid or uncredited interest thereon (collectively, the “Transferred Deposits”). For informational purposes only, a list of the amounts of Assumed Deposits associated with the Transferred Branches as of December 31, 2014 based upon the information provided by the FDIC is attached as Exhibit 1.2(a)(1);

(2) all of the liabilities, duties and obligations of Seller existing or required to be performed from and after the Effective Time under the Primary P&A Agreement with respect to the Transferred Assets, the Assumed Liabilities or the Transferred Branches (the “FDIC Obligations”);

(3) all liabilities, duties and obligations relating to the Transferred Branch Employees to the extent that Seller is responsible for those liabilities, duties and obligations under the Primary P&A;

(4) all liabilities, duties and obligations for Taxes relating to the Transferred Assets, the Assumed Liabilities or the Transferred Branches to the extent that Seller is responsible for those liabilities, duties and obligations under the Primary P&A, including, but not limited to, all liabilities, duties and obligations for Taxes set forth in Section 7.25 of this Agreement; and

(5) all other liabilities, duties and obligations of any nature whatsoever, whether accrued or unaccrued, primary or secondary, contingent or non-contingent, direct or indirect, asserted or unasserted, known or unknown, relating to the Transferred Assets, the Assumed Liabilities or the Transferred Branches to the extent that Seller is responsible for those liabilities, duties and obligations under the Primary P&A (including all accrued interest and fees relating to the Transferred Deposits), except for liabilities, duties or obligations of any nature whatsoever that have been created or have resulted from the actions or inactions of Seller.

(b) Without limiting the generality of the foregoing, it is not the intention of the Parties that the assumption by Purchaser of the Assumed Liabilities shall in any way enlarge the rights of any third parties relating thereto. Nothing contained in this Agreement shall prevent either Party hereto from contesting matters relating to the Assumed Liabilities with any third-party obligee. The Parties understand and agree that Purchaser is assuming only those liabilities, duties and obligations set forth in Section 1.2(a) of this Agreement above and Purchaser shall have no liability, duty or obligation of any kind except to the extent expressly set forth above. Under no circumstances will Purchaser have any liability, duty or obligation in connection with any of the Excluded Assets.

(c) Notwithstanding the foregoing, any IRA Account that requires consent to transfer will remain with Seller until such time as all required consents have been obtained. From and after the Effective Time, Purchaser and Seller will use their respective commercially reasonable efforts to obtain any such consents. Seller and Purchaser will use their respective commercially reasonable efforts to cooperate with each other in taking any action necessary to accomplish either the appointment of Purchaser as successor custodian or the delegation to Purchaser of Seller’s authority and responsibility as custodian of such IRA Accounts (other than IRA Accounts that are self-directed).

(a) It is the express intention of the Parties that this Agreement replicate, in all ways possible, a direct purchase of the Transferred Assets and assumption of the Assumed Liabilities by Purchaser from the Receiver. Seller’s role in this Agreement is intended to be a pass-through to synthetically recreate, by contract, the terms of such a direct purchase and assumption. Accordingly, this Agreement shall be interpreted, and the Parties agree to cooperate to take all steps necessary, to effectuate this intention.

(b) Certain provisions of this Agreement rely on Seller being able to exercise certain rights under the Primary P&A Agreement on behalf of Purchaser. The Parties acknowledge and agree that (1) the Receiver may not permit such actions or may require additional agreements or undertakings from the Parties prior to permitting such actions and (2) whenever possible, the Parties agree to work with the Receiver to permit Purchaser to interface directly with the Receiver and exercise any rights directly without the involvement of Seller. The Parties acknowledge and agree that to the extent that the Receiver does not permit Purchaser to interface directly with the Receiver and exercise rights relating to the Transferred Assets and the Assumed Liabilities in a manner that allows Purchaser to exercise all rights to the Transferred Assets and the Assumed Liabilities that Seller has with respect to such Transferred Assets and Assumed Liabilities as a party to the Primary P&A Agreement, Seller and Purchaser will cooperate to allow Purchaser to exercise such rights as if Purchaser had the rights of Seller under Primary P&A Agreement, to the extent possible. Without limiting the generality of the foregoing, Purchaser and Seller will use their respective commercially reasonable efforts to obtain any consents from any third party that are required in order for Purchaser to obtain the benefits provided for in this Agreement, including all right, title and interest to the Transferred Assets. The Parties acknowledge and agree that any costs incurred by Seller in the exercise of any rights by or on behalf of Purchaser shall be reimbursed by Purchaser pursuant to Section 2.6 of this Agreement.

Section 2.1. Bid Submission. Purchaser and Seller agree that, unless this Agreement is terminated prior to the Bid Acceptance Deadline, Seller shall submit one or more Alliance Bids to the Receiver by the Bid Acceptance Deadline, with Seller serving as the Lead Bidder and Purchaser serving as an Alliance Bidder. Seller will coordinate with Purchaser the submission of any Alliance Bid and will keep Purchaser reasonably apprised in a timely manner of the status of the Alliance Bid(s) and any communications to or from the FDIC relating to the Transferred Assets, Assumed Deposits or Transferred Branches. The Parties will cooperate with each other in connection with responding to any communication from the FDIC relating to the Transferred Assets, Assumed Deposits or Transferred Branches, including, without limitation, any subsequent rounds of bidding or requests for a “best and final” bid by the FDIC, if any. Any modifications to any Alliance Bid that may affect the rights or obligations of Purchaser as set forth in this Agreement must be mutually agreed between the Parties in writing, and in the absence thereof, the then-current Alliance Bid shall remain in effect.

Section 2.2. Effective Time. Subject to the submission of an Alliance Bid set forth in Section 2.1 of this Agreement and the acceptance of an Alliance Bid by the Receiver, the purchase of the Transferred Assets and assumption of the Assumed Liabilities provided for in this Agreement shall occur at closing (the “Closing”). Purchaser and Seller both agree that the Closing will be consummated on the same day as the “Bank Closing Date” (as defined in the Primary P&A Agreement) subject to the satisfaction or waiver of all conditions set forth in Article VIII and Article IX (excluding any such conditions that by their nature are to be satisfied at the Closing, but subject to the satisfaction or waiver of such conditions) (the “Closing Date”). The effective time (the “Effective Time”) shall be 12:01 a.m. on the Closing Date. For purposes of this Agreement, the term “Business Day” shall have the same meaning as set forth in the Primary P&A Agreement, and the term “day” shall mean calendar day.

(a) All actions taken and documents delivered at the Closing shall be deemed to have been taken and executed simultaneously, and no action shall be deemed taken nor any document delivered until all have been taken and delivered.

(b) At the Closing, subject to all the terms and conditions of this Agreement, Seller shall deliver or cause to be delivered to Purchaser (it being understood that the items listed in subsections (b)(1) and (b)(2) shall be transferred by Seller promptly upon the receipt of such items by Seller from the Receiver or at such later time as provided in Section 7.19 of this Agreement, which may be after the Closing):

(1) keys to the safe deposit boxes and copies of all other records in the possession of Seller related to the Safe Deposit Box Business and the Safekeeping Business;

(2) records in the possession of Seller related to the Transferred Deposits, the Transferred Loans and any collateral securing the Transferred Loans;

(3) immediately available funds in the net amount shown as owing to Purchaser by Seller on the Closing Statement, if the Purchase Price is positive;

(5) a certificate of a proper officer of Seller, dated as of the Closing Date, certifying to the fulfillment of all conditions which are the obligation of Seller hereunder;

(6) a Closing Statement, substantially in the form attached hereto as Exhibit 2.2(b)(6) (the “Closing Statement”);

(8) a bill of sale transferring to Purchaser all of Seller’s interest in the Transferred Assets that are tangible personal property (“Bill of Sale”); and

(9) an assignment and assumption agreement assigning Seller’s interest in the Safe Deposit Contracts, Transferred Loans and Transferred Deposits (“Assignment and Assumption Agreement”).

(1) immediately available funds in the net amount shown as owing to Seller by Purchaser on the Closing Statement, if the Purchase Price is negative;

(2) a certificate and receipt acknowledging the delivery and receipt of possession of the property and records referred to in this Agreement;

(3) a certificate of a proper officer of Purchaser, dated as of the Closing Date, certifying to the fulfillment of all conditions that are the obligation of Purchaser hereunder; and

(4) a duly executed counterpart to the TSA, the Bill of Sale and the Assignment and Assumption Agreement.

The Parties agree that, from time to time, whether before, on or after the Closing Date, each of them will execute and deliver such further instruments of assignments and directions for conveyance and transfer and take such other actions as may be reasonably necessary to carry out the purposes and intent of this Agreement, including such further actions as are required under Section 9.1 or Section 9.2 of the Primary P&A Agreement. Any exhibits or agreements not attached to this Agreement will be in a form to be mutually agreed by the Parties.

Section 2.4. Purchase Price. At the Closing, as consideration for the purchase of the Transferred Assets and assumption of the Assumed Liabilities, Seller shall pay Purchaser a purchase price (or, in the event that the purchase price calculated pursuant hereto is a negative number, Purchaser shall pay to Seller the absolute value of such figure) equal to the sum of the following (the “Purchase Price”), each as set forth on the Closing Statement:

(a) an amount equal to the aggregate “Book Value,” as such term is defined in the Primary P&A Agreement, of the Transferred Deposits, MINUS

(b) an amount equal to a deposit premium of 1.6% applied to the total amount of the Transferred Deposits; provided that, to the extent any accounts associated with the Transferred Deposits are listed in Schedule 7 of the Primary P&A Agreement as excluded from the calculation of premium to be paid on Assumed Deposits under the Primary P&A Agreement, such same accounts shall be excluded from the calculation of the deposit premium to be paid on the Transferred Deposits, MINUS

(2) an amount equal to 62.4% of the aggregate Book Value of the Overdraft Loans and Deposit Secured Loans; PLUS

(4) the aggregate fixed price of the Owned Bank Premises set forth on the “Bid Form”; MINUS,

(d) an amount equal to the sum of the following (“Seller Transfer Costs”) to the extent paid by Seller or payable on the Closing Date:

(1) the amount of any ad valorem Tax liability related to the Transferred Assets that Seller is required to assume pursuant to Section 2.1(d) of the Primary P&A Agreement, PLUS

(2) the amount of any deferred revenue, income or fees recorded on the general ledger of the Failed Bank as of the Bank Closing Date attributable to the Safe Deposit Box Business and the Safekeeping Business conducted at the Transferred Branches (if any) as provided in Section 2.1(n) of the Primary P&A Agreement, PLUS

(3) the amount of any costs, fees and expenses incurred by Seller in (A) the transfer of the Transferred Assets and Transferred Deposits from the Failed Bank to Seller and (B) the transfer of the Transferred Assets and Transferred Deposits from Seller to Purchaser, in each case, including any MERS transaction charges (if any) and, for the avoidance of doubt, including any legal fees or transfer fees reasonably incurred by Seller in consultation with Purchaser in connection with such transfer.

(e) For avoidance of doubt, to the extent that pursuant to this Agreement, Purchaser acquires any of the Transferred Assets or assumes any of the Transferred Deposits directly from the Receiver and payment therefor is made by Purchaser directly to the Receiver or from Receiver directly to Purchaser, then the amount of the Purchase Price owed by Seller to Purchaser or by Purchaser to Seller, as the case may be, shall be adjusted to reflect such direct exchange of funds between the Receiver and Purchaser. Under no circumstances will Purchaser be required to pay an amount for a Transferred Asset which is in excess of the amount set forth in this Agreement.

(a) Post-Closing Statement. As soon as practicable after receiving the “Pro Forma” (as defined in the Primary P&A Agreement) statement provided to Seller by the Receiver under Section 8.1 of the Primary P&A Agreement, Seller shall deliver to Purchaser a post-closing statement, dated as of Bank Closing Date, reflecting (1) any needed changes to the Closing Statement based on changes reflected in the Pro Forma statement with respect to the

Transferred Assets, the Assumed Liabilities or the Transferred Branches (including any amounts relating to the rights set out in Section 7.6 of this Agreement) and (2) any Seller Transfer Costs paid by Seller prior to the date of the Post-Closing Statement and not taken into account in calculating the Purchase Price (the “Post-Closing Statement”).

(1) Adjustments to Correct Errors. In the event any bookkeeping omissions or errors are discovered in the Failed Bank’s records through the Receiver’s preparing any Pro Forma statement or in completing the transfers and assumptions contemplated by the Primary P&A Agreement or this Agreement, Purchaser agrees to correct such errors and omissions in its records with respect to the Transferred Assets, the Assumed Liabilities or the Transferred Branches in accordance with Section 8.2(a) of the Primary P&A Agreement.

(2) Receiver’s Rights Regarding Other Liabilities. Subsequent to the date of the Primary P&A Agreement, if the Receiver, in its discretion, requires any claim with respect to the Transferred Assets, the Assumed Liabilities or the Transferred Branches to be assumed by Seller in a manner contemplated by Section 8.2(b) of the Primary P&A Agreement, Purchaser shall agree to assume such claim from Seller. If the Receiver makes any adjustments to the Pro Forma statement provided by the Receiver to Seller pursuant to Section 8.1 of the Primary P&A Agreement, Seller will make appropriate adjustments to the Post-Closing Statement provided by Seller to Purchaser pursuant to Section 2.5(b)(1) of this Agreement as may be necessary.

(3) Other Adjustments. To the extent applicable, Purchaser agrees to make any adjustment required by Section 8.2(c) of the Primary P&A Agreement.

(1) Seller agrees to pay to Purchaser on the “Settlement Date” (as defined in the Primary P&A Agreement), or Purchaser agrees to pay to Seller on the Settlement Date, as the case may be, a payment in an amount which reflects net adjustments (including any costs, expenses and fees associated with determinations of value with respect to the Transferred Assets, the Assumed Liabilities or the Transferred Branches) made pursuant to Section 2.5(a) and Section 2.5(b) of this Agreement, plus interest as provided in Section 2.5(d) of this Agreement.

(2) If any further transfer of assets to or assumption of liabilities or claims by Seller is necessary in accordance with Section 8.1 or Section 8.2 of the Primary P&A Agreement, to the extent that corresponding further transfer of assets to or assumption of liabilities or claims by Purchaser is necessary in accordance with Section 2.5(a) or Section 2.5(b) of this Agreement, the Parties will seek arrangements so that Purchaser can effect any further transfer of assets to or assumption of liabilities or claims by Purchaser directly with the Receiver on

the Settlement Date. If such an arrangement is not practical, the Parties agree to cooperate so as to effect both (i) any further transfer of assets to or assumption of liabilities or claims by Seller necessary in accordance with Section 8.1 or Section 8.2 of the Primary P&A Agreement and (ii) any further transfer of assets to or assumption of liabilities or claims by Purchaser necessary in accordance with Section 2.5(a) or Section 2.5(b) of this Agreement.

(d) Interest. Any amounts paid under Section 2.5(c) or Section 2.5(e) of this Agreement shall bear interest for the period from and including the day following the Bank Closing Date to and including the day preceding the payment at the “Settlement Interest Rate” (as defined in the Primary P&A Agreement).

(e) Subsequent Adjustments. In the event that any errors or omissions as contemplated by Section 2.5(b) of this Agreement or any error with respect to the payment made under Section 2.5(c) of this Agreement with respect to the Transferred Assets, the Assumed Liabilities or the Transferred Branches are discovered after the Settlement Date, the Parties agree to promptly correct any such errors or omissions, make any payments and effect any transfers or assumptions as may be necessary to reflect any such correction plus interest as provided in Section 2.5(d) of this Agreement; provided that, no subsequent adjustments pursuant to this Section 2.5(e) of this Agreement shall be made unless and until any corresponding subsequent adjustments are also made pursuant to Section 8.5 of the Primary P&A Agreement.

Section 2.6. Periodic Payments. From and after the Effective Time, (a) Purchaser agrees to reimburse Seller for any amounts owed by Seller to the Receiver with respect to the Transferred Assets, the Assumed Liabilities or the Transferred Branches and any Seller Transfer Costs not taken into account in the calculation of the Purchase Price, as adjusted by the Post-Closing Statement (including any amounts relating to the rights set out in Section 7.6 of this Agreement) and (b) Seller agrees to pass on to Purchaser any amounts received by Seller from the Receiver with respect to the Transferred Assets, the Assumed Liabilities or the Transferred Branches (including any amounts relating to the rights set out in Section 7.6 of this Agreement). At least once every two (2) weeks during the first six (6) months after the Bank Closing Date, and on a monthly basis thereafter until the eighteenth (18^th) month anniversary of the Bank Closing Date, Seller will deliver to Purchaser a statement showing the net amounts owed or received under this Section 2.6 of this Agreement. Any such amounts will be settled within two (2) Business Days of delivery of each such statement and, if owing to the Receiver or third parties, will be paid directly to the Receiver or the other third parties when possible.

(a) The Parties agree that the conversion of the data processing with respect to the Transferred Assets, Assumed Liabilities and the Transferred Branches (the “Conversion”) will occur after the Closing, on a date to be mutually agreed by the Parties. The Parties agree to use their commercially reasonable efforts to cause the Conversion to occur as soon as reasonably

practicable but in no event later than one hundred and eighty (180) days from the Closing Date. Prior to the Conversion, Seller will service the Transferred Branches pursuant to a transition services agreement (“TSA”) to be entered into by the Parties within seven (7) Business Days after the date of this Agreement. The Parties will undertake in good faith to enter into a TSA which is designed to provide for the provision of transition services by Seller to Purchaser in a manner that enables the Purchaser to receive services reasonably necessary to operate the Transferred Branches during the transition period in a manner consistent with market practice, including, the servicing of loans secured by mortgages forming part of the Transferred Assets. All services under the TSA will be provided at cost, without any markup.

(b) Prior to the Conversion, Purchaser will provide Seller with a timetable, data and other materials necessary for Seller to complete the Conversion. Included in such information will be initial data definitions and layouts, which Seller can use to form the basis for electronic data transfers by Seller or its service provider.

Section 3.2. Planning. Within five (5) Business Days after the Closing Date, Purchaser and Seller shall each appoint qualified staff members to act as project managers for the Conversion (each a “Conversion Manager”). The Conversion Managers shall act as the principal contacts between the Parties on matters relating to the Conversion and shall mutually develop a conversion plan.

Section 3.3. Transferred Branches. From and after the Closing Date and subject to the terms of this Agreement and the TSA, Purchaser may make any and all changes at the Transferred Branches, including, but not limited to, removal and disposition of any interior and exterior signage, computers, printers , monitors, chairs, desks, cubicles, logos, decals, safes, locks, merchandising and promotional material. Purchaser may also rearrange or modify interior branch furniture and décor layouts, ATM locations or number of ATM’s, and color schemes, in each case, subject to the terms of this Agreement and the TSA.

Section 4.1. Seller’s Indemnification of Purchaser. From and after the Effective Time, Seller shall indemnify, hold harmless and defend Purchaser and its representatives, directors, officers, employees, agents, controlling persons and affiliates from and against any and all costs, expenses, liabilities, losses or damages, including reasonable attorneys’ fees and expenses (a “Loss”) to the extent arising out of or related to (a) any breach by Seller of any representation or warranty contained herein; (b) any breach by Seller of any covenant, agreement or undertaking of Seller contained herein; (c) any failure to perform any actions required to be performed by Seller under the Primary P&A Agreement with respect to any matter related to the Transferred Assets and the Assumed Liabilities, provided that such failure is not the result of the failure of Purchaser to perform any actions required to be performed by Purchaser under this Agreement; (d) claims arising after the Effective Time with respect to Excluded Assets; and (e) without

limiting the provisions in subsection (b), Losses resulting from third-party claims arising in connection with any Lien on the Transferred Assets in favor of Federal Reserve Banks or Federal Home Loan Banks existing on the Bank Closing Date (“Covered Liens”).

Section 4.2. Purchaser’s Indemnification of Seller. From and after the Effective Time, Purchaser shall indemnify, hold harmless and defend Seller and its representatives, agents, controlling persons and affiliates from and against any Loss incurred by Seller to the extent arising out of or relating to (a) any breach by Purchaser of any representation or warranty contained herein, (b) any breach by Purchaser of any covenant or agreement contained herein or in any lease governing a Leased Bank Premises, (c) actions or omissions of Purchaser occurring from and after the Effective Time in conducting the operations at the Transferred Branches, (d) any failure to perform any actions required to be performed by Purchaser under this Agreement with respect to the Transferred Assets, the Assumed Liabilities or the Transferred Branches and (e) any claims arising after the Effective Time with respect to the Transferred Assets, the Assumed Liabilities or the Transferred Branches (including, for the avoidance of doubt, any claims brought by the Receiver or the Corporation against Seller pursuant to Section 12.4 of Primary P&A Agreement as a result of Purchaser’s failure to perform its obligations under this Agreement).

(a) A claim for indemnity shall be made by the claiming Party by the giving of written notice thereof to the other Party. Such written notice shall set forth in reasonable detail the basis upon which such claim for indemnity is made.

(b) In the event that any person or entity not a Party hereto (including the Receiver and the Corporation) shall make any demand or claim or file or threaten to file any lawsuit, which demand, claim or lawsuit could result in any Loss to a Party hereto of the kind for which such Party is entitled to indemnification pursuant to Section 4.1 or Section 4.2 of this Agreement, such indemnified Party shall notify the indemnifying Party of such demand, claim or lawsuit in writing within fifteen (15) days of such demand, claim, filing or threat specifying in reasonable detail the source of the Loss or potential Loss; provided, however, that any failure by the indemnified Party to so notify the indemnifying Party shall not relieve the indemnifying Party from its obligations hereunder, except to the extent that the indemnifying Party is actually and materially prejudiced by such failure to be given such notice. Following receipt of notice of a demand, claim or lawsuit, the indemnifying Party shall have the option, at its cost and expense, to assume the defense of such matter and to retain counsel (not reasonably objected to by the indemnified Party) to defend any such demand, claim or lawsuit, and the indemnifying Party shall not be liable to the indemnified Party for any fees of other counsel or any other expenses (except as expressly provided to the contrary herein) with respect to the defense of such claim or litigation, other than reasonable fees and expenses of counsel employed by the indemnified Party for any period during which the indemnifying Party has not assumed the defense thereof. If the indemnifying Party elects to defend, compromise or settle such demand, claim or lawsuit, the indemnified Party shall cooperate in the defense against, or compromise or settlement of, such demand, claim or lawsuit, including making available to the indemnifying Party any personnel or any books, records or other documents within its control that are reasonably necessary or appropriate for such defense. The indemnified Party shall have the option of participating in (but not controlling) the

defense of such demand, claim or lawsuit with counsel reasonably acceptable to the indemnifying Party (which shall be at the cost and expense of the indemnified Party unless (1) counsel to the indemnified Party reasonably determines, based on the advice of counsel, that joint representation would be inappropriate due to a conflict of interest or the availability of material defenses not available to the indemnifying Party or (2) the indemnifying Party fails to assume the defense of such demand, claim or lawsuit within a reasonable period of time following written notice thereof), and counsel for each Party shall, to the extent consistent with its professional responsibilities, cooperate with the other Party and any counsel designated by that Party. In effecting the settlement of any such demand, claim or lawsuit, the indemnifying Party or the indemnified Party, as the case may be, shall act in good faith and shall enter into only such settlement as the other Party shall consent to, such consent not to be unreasonably withheld, conditioned or delayed; provided, however, that an indemnifying Party may enter into a settlement without the consent of an indemnified Party so long as such settlement contains an unconditional release of such indemnified Party from all liabilities arising out of such demand, claim or lawsuit and does not include any admission of fault by the indemnified Party. An indemnifying Party shall not be liable for any settlement not made in accordance with the preceding sentence. Notwithstanding anything contained herein to the contrary, if the indemnifying Party disputes its potential liability to the indemnified Party under Section 4.3 of this Agreement and if such dispute is resolved in favor of the indemnifying Party, then the indemnified Party shall not be required to bear the costs and expenses of the indemnified Party’s defense pursuant to Section 4.3 of this Agreement.

Section 4.4. Treatment of Indemnification Payments. Seller and Purchaser agree to treat any indemnification payment under this Article IV as an adjustment of the consideration paid for the Transferred Assets for income Tax purposes.

Section 5.1. Corporate Organization. Seller is a Puerto Rico-chartered commercial bank duly organized, validly existing and in good standing under the laws of the Commonwealth of Puerto Rico. Seller has the corporate power to execute and deliver this Agreement and related documents and to effect the transactions contemplated herein.

Section 5.2. No Violation. Assuming receipt of the regulatory approvals referenced in Section 7.1 of this Agreement and any third-party consents required, neither the execution and delivery of this Agreement, nor the consummation of the transactions contemplated herein, will violate or conflict with (a) Seller’s charter or bylaws; (b) any provision or any agreement or any other material restriction of any kind which Seller is a party or by which Seller is bound; or (c) any statute, law, decree, regulation or order of any governmental authority, in the case of either of clauses (b) or (c) as would materially impair or delay the consummation of the transactions contemplated herein.

Section 5.3. Corporate Authority. The execution and delivery of this Agreement, and the consummation of the transactions contemplated herein, have been duly authorized by Seller, and no further corporate authorization is necessary for Seller to consummate the transactions contemplated hereunder. Seller satisfies the purchaser eligibility criteria provided by the FDIC and has submitted the required purchaser eligibility certification.

Section 5.4. Enforceable Agreement. This Agreement has been duly authorized, executed and delivered by Seller and, upon execution and delivery by Purchaser, will be the legal, valid, and binding agreement of Seller, enforceable against Seller in accordance with its terms.

Section 5.5. No Brokers. In the negotiation of this Agreement, there has been no participation or intervention by any person, firm or corporation engaged by Seller that would give rise to any claim against Purchaser for a finder’s fee, commission, or similar payment.

(a) Seller is, and on a pro forma basis giving effect to the transactions contemplated by the Primary P&A Agreement, will be, (1) “well capitalized,” as such term is defined in the FDIC’s prompt corrective action regulations and (2) in compliance with all capital requirements, standards and ratios required by each state, commonwealth or federal bank regulator with jurisdiction over Seller, and no such regulator is likely to, or has indicated that it may, condition any of the necessary regulatory approvals of the transactions provided in the Primary P&A Agreement upon an increase in Seller’s capital or compliance with any capital requirement, standard or ratio.

(b) Seller was rated “Satisfactory” or “Outstanding” following its most recent Community Reinvestment Act examination by the regulatory agency responsible for its supervision.

(c) The required regulatory approvals Seller needs to consummate the transactions contemplated by the Primary P&A Agreement is the approval of the Board of Governors of the Federal Reserve System and the Office of the Commissioner of Financial Institutions of Puerto Rico. Seller knows of no reason why it will not receive all necessary regulatory approvals on an expedited basis to allow the Closing to occur on the Bank Closing Date. Seller agrees to promptly inform Purchaser after it knows of any reason that the necessary regulatory approvals will not be received on an expedited basis.

Section 5.7. No Liens. There are, and will be at Closing, no Lien on the Transferred Assets created by virtue of Seller’s acquiring the Transferred Assets.

Section 5.8. Limitation of Representations and Warranties. Except as may be expressly represented or warranted by Seller in this Agreement or in any document or instrument executed or delivered by Seller in connection with this Agreement, Seller makes no representations or warranties whatsoever. Specifically, Seller makes no representations or warranties whatsoever about the Transferred Assets, Assumed Liabilities or Transferred Branches or about its ability to exercise any right under the Primary P&A Agreement on behalf of Purchaser.

Section 6.1. Corporate Organization. Purchaser is a Puerto Rico-chartered commercial bank duly organized, validly existing and in good standing under the laws of the Commonwealth of Puerto Rico. Purchaser has the corporate power and authority to own the properties being acquired, to assume the liabilities being transferred, to execute and deliver this Agreement and related documents and to effect the transactions contemplated herein.

Section 6.2. No Violation. Assuming receipt of the regulatory approvals referenced in Section 7.1 of this Agreement, neither the execution and delivery of this Agreement, nor the consummation of the transactions contemplated herein, will violate or conflict with (a) the charter or bylaws of Purchaser; (b) any provision of any agreement or any other material restriction of any kind to which Purchaser is a party or by which Purchaser is bound; or (c) any statute, law, decree, regulation or order of any governmental authority, in each of the cases of clause (b) or (c), as would materially impair or delay the consummation of the transactions contemplated hereby.

Section 6.3. Corporate Authority. The execution and delivery of this Agreement, and the consummation of the transactions contemplated herein, prior to the Effective Time will have been duly authorized by Purchaser, and no further corporate authorization on the part of Purchaser is necessary to consummate the transactions contemplated hereunder. Purchaser satisfies the purchaser eligibility criteria provided by the FDIC and has submitted the required purchaser eligibility certification.

Section 6.4. Enforceable Agreement. This Agreement has been duly authorized, executed and delivered by Purchaser and, upon execution and delivery by Seller, will be the legal, valid and binding agreement of Purchaser enforceable against Purchaser in accordance with its terms.

Section 6.5. No Brokers. In the negotiation of this Agreement, there has been no participation or intervention by any person, firm or corporation engaged by Purchaser that would give rise to any claim against Seller for a finder’s fee, commission, or similar payment.

(a) Purchaser is, and on a pro forma basis giving effect to the transactions contemplated by this Agreement, will be, (1) “well capitalized,” as such term is defined in the FDIC’s prompt corrective action regulations and (2) in compliance with all capital requirements, standards and ratios required by each state, commonwealth or federal bank regulator with jurisdiction over Purchaser, and no such regulator is likely to, or has indicated that it may, condition any of the necessary regulatory approvals of the transactions provided in this Agreement upon an increase in Purchaser’s capital or compliance with any capital requirement, standard or ratio.

(b) Purchaser was rated “Satisfactory” or “Outstanding” following its most recent Community Reinvestment Act examination by the regulatory agency responsible for its supervision.

(c) The required regulatory approvals Purchaser needs to consummate the transactions contemplated hereby is the approval of the FDIC and the Office of the Commissioner of Financial Institutions of Puerto Rico. Purchaser knows of no reason why it will not receive all necessary regulatory approvals on an expedited basis to allow the Closing to occur on the Bank Closing Date. Purchaser agrees to promptly inform Seller after it knows of any reason that the necessary regulatory approvals will not be received on an expedited basis.

Section 6.7. Acknowledgement. Purchaser has read the form of Primary P&A Agreement provided by the FDIC and understand the obligations related to the Transferred Assets, Assumed Liabilities and Transferred Branches. Purchaser understands and acknowledges that Seller is making no representations or warranties about the ability of Seller or Purchaser to exercise (directly or indirectly) any rights contained in the Primary P&A Agreement, including the options in Section 7.6 and the put right in Section 7.9 of this Agreement.

Section 6.8. Limitation of Representations and Warranties. Except as may be expressly represented or warranted by Purchaser in this Agreement or in any document or instrument executed or delivered by Purchaser in connection with this Agreement, Purchaser makes no representations or warranties whatsoever.

Section 7.1. Application for Approval to Effect Purchase of Transferred Assets and Assumption of Assumed Liabilities. The Parties agree that, no later than the first (1st) Business Day after the Bid Acceptance Deadline, each of Purchaser and Seller will file any applications required by law with the appropriate regulatory authorities for approval to effect the transactions contemplated by this Agreement, including approval for Purchaser to purchase the Transferred Assets, assume the Assumed Liabilities and establish the Transferred Branches, in each case, on the Bank Closing Date. From the date hereof, each of Purchaser and Seller agrees to process such applications in a diligent manner, to use its reasonable best efforts to obtain any necessary regulatory approval as promptly as reasonably practicable, and to keep the other Party reasonably informed about the status of any such applications. From and after the date hereof, each of Purchaser and Seller shall promptly notify the other Party upon receipt of notification that any application provided for hereunder has been denied or delayed.

Section 7.2. Public Announcements. Other than mutually agreed upon press releases and other materials issued upon announcement and completion of the transactions contemplated by this Agreement, from and after the date hereof, neither Party shall make any public announcement or public comment, regarding this Agreement or the transactions contemplated herein without first consulting with the other Party and reaching an agreement upon the substance and timing of such announcement or comment, except that nothing contained in this

Agreement shall prevent either Party, or the holding company of either Party, from making any disclosure required to comply with any applicable securities law and regulations or the rules and regulations of any securities exchange upon which the securities of either Party, or the holding company of either Party, are listed.

Section 7.3. Fees and Expenses. From and after the date hereof, except as otherwise specifically provided herein, the Parties agree that each Party will pay for any fees or expenses it incurs with respect to the transactions contemplated in this Agreement.

Section 7.4. Efforts; Further Assurances. From and after the date hereof, the Parties agree to use their reasonable best efforts to satisfy or cause to be satisfied as soon as practicable their respective obligations hereunder and the conditions precedent to the Closing. From and after the Effective Time, each Party hereto shall execute and deliver such instruments and take such other actions as the other Party may reasonably require in order to carry out the intent of this Agreement.

Section 7.5. Liabilities, Duties and Obligations under the Primary P&A Agreement. From and after the Effective Date, Purchaser agrees to assume, pay, perform and discharge all of Seller’s FDIC Obligations, regardless of whether such liabilities, duties or obligations are specifically listed in this Agreement. In addition, Purchaser agrees to comply with any additional requests made by the Receiver to Seller pursuant to the terms of, or in accordance with, the Primary P&A Agreement with respect to any Transferred Assets, Assumed Liabilities or Transferred Branches.

(a) Owned Bank Premises. Purchaser is electing to exercise the fixed price option to purchase the Owned Bank Premises at the fixed price set forth on the Bid Form on the Bank Closing Date. Purchaser will purchase such Owned Bank Premises directly from the Receiver or, if not possible, from Seller in the manner contemplated in Section 4.6(a)(i) of the Primary P&A Agreement (to the extent such Owned Bank Premises are transferred to Seller pursuant to the Primary P&A Agreement).

(b) Leased Bank Premises. If Purchaser elects to assume any leases relating to the Leased Bank Premises, the Parties agree to attempt to seek arrangements so that Purchaser can assume such leases directly from the Receiver in the manner contemplated in Section 4.6(b) of the Primary P&A Agreement. If such arrangements are not practical, Purchaser may, with the Receiver’s permission, negotiate directly with the landlord of such Leased Bank Premises. The Parties acknowledge and agree that the exercise of the option to assume any leases relating to the Leased Bank Premises must be made prior to the deadline provided in Section 4.6(b) of the Primary P&A Agreement. Seller agrees to promptly provide the Receiver with any notification received from Purchaser hereunder.

(1) If Purchaser elects not to assume the leases relating to any Leased Bank Premises or elects to assume any lease but is unable to do so, Purchaser agrees to provide written notice to Seller of its intent to surrender such Bank

Premises, including an intended date of surrender (such date, the “Bank Premises Surrender Date”). The written notice to surrender the Bank Premises must be given at least five (5) Business Days prior to the deadline provided in Section 4.6(d) of the Primary P&A Agreement. Seller agrees to promptly provide the Receiver with any notification received from Purchaser hereunder. After such notice is delivered to Seller, Purchaser cannot exercise the options provided in Section 7.6(a) and Section 7.6(b) of this Agreement.

(2) If Purchaser elects not to assume the leases relating to any Leased Bank Premises or elects to assume any lease but is unable to do so, Purchaser agrees to vacate any Bank Premises it is surrendering no later than one hundred and fifty (150) days after the Bank Closing Date in the manner contemplated in Section 4.6(g) of the Primary P&A Agreement. Purchaser shall be responsible for ensuring all Personal Property located at any surrendered Bank Premise is returned to the Receiver in the same condition as existing on the Bank Closing Date (normal wear and tear excepted). Purchaser agrees to promptly pay directly to the Receiver or, if not possible, to Seller, the “Fair Market Value” (as defined in the Primary P&A Agreement) of any Personal Property which is determined by the Receiver to be missing after the surrender of any Bank Premises.

(3) If Purchaser fails to provide notice of its intention to surrender the Bank Premises as contemplated in Section 7.6(c)(1) of this Agreement or remains in any such Bank Premises more than one hundred and fifty (150) days after the Bank Closing Date (unless Purchaser must do so to comply with Section 7.14 of this Agreement and appropriate arrangements with the Receiver have been made and written evidence of such arrangements has been provided to Seller), Purchaser agrees to assume, pay, perform and discharge any additional liabilities, duties or obligations imposed on Seller at the Receiver’s option as contemplated in Section 4.6(g) of the Primary P&A Agreement.

(d) Occupancy Costs. For each Bank Premise, Purchaser shall pay directly to the Receiver or to other parties directed by the Receiver or, if not possible, to Seller the amounts required to be paid pursuant to Section 4.6(e) of the Primary P&A Agreement, for the time periods provided in the Primary P&A Agreement. In addition, Purchaser agrees to comply with the terms of any lease relating to the Lease Bank Premises, including the timely payment of rent.

(1) If Purchaser purchases any Owned Bank Premise, accepts an assignment of a lease for any Leased Bank Premise or otherwise obtains the right to occupy any Bank Premise within twelve (12) months of the Bank Closing Date (whether by assignment, sublease, purchase or otherwise), Purchaser shall:

(A) effective as of the Bank Closing Date, purchase directly from the Receiver or, if not possible, from Seller, any Personal Property owned by the Failed Bank and located on such Bank Premise with an appraised value (as determined by the Primary P&A Agreement) of less than $10,000;

(B) accept an assignment or a sublease of the leases or negotiate new leases for any Personal Property leased by the Failed Bank and located on the Bank Premise; and

(C) if applicable, accept an assignment or sublease of any ground lease or negotiate a new ground lease with respect to any land on which such Bank Premise is located;

provided that the Receiver has not previously disposed of such Personal Property or repudiated the leases referred to in Section 7.6(e)(1)(B) and Section 7.6(e)(1)(C) of this Agreement.

(2) If Purchaser elects not to assume the leases relating to any Leased Bank Premises or elects to assume any lease but is unable to do so, Purchaser may elect to purchase the Personal Property (other than Specialty Assets) located at the surrendered Bank Premises. If Purchaser elects to purchase any such Personal Property, Purchaser will purchase directly from the Receiver or, if not possible, from Seller in the manner contemplated in Section 4.6(h) of the Primary P&A Agreement (to the extent such Personal Property are transferred to Seller pursuant to the Primary P&A Agreement). The Parties acknowledge and agree that the exercise of the option to purchase any Personal Property in accordance with this Section 7.6(e)(2) must be made at the time of the delivery of the notice of surrender set forth in Section 7.6(c) of this Agreement. Seller agrees to promptly provide the Receiver with any notification received from Purchaser hereunder.

(3) Specialty Assets. If Purchaser is required to, or elects to, purchase any Specialty Assets, Purchaser will purchase directly from the Receiver or, if not possible, from Seller any Specialty Assets in the manner contemplated in Section 4.6(j) of the Primary P&A Agreement (to the extent such Specialty Assets are transferred to Seller pursuant to the Primary P&A Agreement). The Parties acknowledge and agree that the exercise of the option to purchase any Specialty Assets (if applicable) must be made prior to the deadline provided in Section 4.6(j) of the Primary P&A Agreement. Seller agrees to promptly provide the Receiver with any notification received from Purchaser hereunder.

(f) Data Removal. If Seller or Purchaser is required to return any automated teller machine under the Primary P&A Agreement, Purchaser will return such automated teller machine directly to the Receiver or, if not possible, to Seller in the manner contemplated in Section 4.6(k) of the Primary P&A Agreement. Prior to returning any automated teller machine to Seller or the Receiver, and unless otherwise requested by Seller or the Receiver, Purchaser shall (1) remove all data from that automated teller machine and (2) provide a written statement to Seller and the Receiver that all data has been removed in a manner that renders it unrecoverable.

(g) Costs; Indemnity. Purchaser will be responsible for any and all costs and expenses of Seller in connection with the transfer of any property under this Section 7.6, including any such costs and expenses for which Purchaser is responsible pursuant to Section 7.25 of this Agreement and the costs of legal counsel used by Seller relating to any such transfer. Purchaser will promptly reimburse Seller for all such costs and expenses upon request.

Section 7.7. Assignable Contracts. If Purchaser elects to assume any Assignable Contracts, the Parties agree to seek arrangements so that Purchaser can assume any Assignable Contracts directly from the Receiver in the manner contemplated in Section 4.8 of the Primary P&A Agreement. If such arrangements are not practical, Seller will not exercise the option to assume such Assignable Contracts. To the extent Purchaser is using any such Assignable Contracts, it will promptly pay directly to the Receiver or any third parties directed by the Receiver or, if not possible, to Seller all costs under the terms of such Assignable Contracts. The Parties acknowledge and agree that the exercise of the option to assume any Assignable Contracts must be made prior to the deadline provided in Section 4.8(a) of the Primary P&A Agreement. Seller agrees to promptly provide the Receiver with any notification received from Purchaser hereunder. If Purchaser fails to provide timely notification to Seller of its intention to assume the Assignable Contracts, Seller will give notice to the Receiver that it elects not to assume any Assignable Contracts.

(a) Seller agrees to transfer to Purchaser as of the Effective Time, subject to the terms and conditions of this Agreement, all of Seller’s right, title and interest in (including collateral relating thereto) the Transferred Loans, which shall include any and all escrows of property Taxes and insurance with respect to such Transferred Loans. The Transferred Loans shall be transferred by means of a blanket (collective) assignment; provided, however, that, to the extent required by law, Seller shall provide Purchaser with a power of attorney authorizing Purchaser to execute individual assignments of the Transferred Loans on behalf of Seller, and to the extent necessary, shall use its commercially reasonable efforts to procure for Purchaser an assignment from the Receiver authorizing Purchaser to execute such assignments, or shall, at the request of Purchaser, to the extent practicable, execute assignments for each such Transferred Loan.

(b) In connection with the transfer of any Transferred Loans requiring notice to the borrower, Purchaser shall comply with all notice and reporting requirements of the loan documents or of any law or regulation.

(a) During the thirty (30) day period following the Bank Closing Date (which thirty (30) day period may be extended in writing in the sole and absolute discretion of the Receiver for any Transferred Loan), Purchaser may require that Seller make a request in a form and manner reasonably selected by Purchaser to the Receiver to purchase any Deposit Secured Loans that Purchaser determines are not fully secured by the Transferred Deposits due to either insufficient Transferred Deposit or deposit collateral or deficient documentation regarding such collateral; provided that, (1) Purchaser represents to Seller that Purchaser has not prior to such request taken any of the actions set forth in Section 3.4(a)(iii) of the Primary P&A Agreement, and (2) Purchaser agrees in writing to indemnify the Receiver against any and all claims of any person with respect to such Deposit Secured Loans (including any claims of the Receiver pursuant to Section 3.4(h) of the Primary P&A Agreement).

(b) Prior to the Settlement Date, not more than once a month, Purchaser may require that Seller make a request in a form and manner reasonable selected by Purchaser to the Receiver to purchase any Transferred Loan that Purchaser can establish is evidenced by forged or stolen instruments as of the Bank Closing Date; provided that, (1) Purchaser represents to Seller that it has not prior to such request taken any of the actions set forth in Section 3.4(a)(iii) of the Primary P&A Agreement and (2) Purchaser agrees in writing to indemnify Seller and Receiver against any and all claims of any person with respect to such Transferred Loan (including any claims of the Receiver pursuant to Section 3.4(b) of the Primary P&A Agreement).

(1) Prior to Seller making any such request, Purchaser shall provide Seller all information required by the Receiver in such form as provided for in the Primary P&A Agreement;

(2) Purchaser shall deliver directly to the Receiver or, if not possible, to Seller all documents, “Credit Files” (as defined in the Primary P&A Agreement), the information required by Section 9.6(c) of the Primary P&A Agreement and any additional information as the Receiver may request;

(3) Purchaser shall provide the Receiver with full access to all relevant books and records;

(4) Purchaser agrees to enter into any repurchase, indemnity or other agreement requested by the Receiver;

(5) Any repurchases will be at the “Repurchase Price” (as defined in the Primary P&A Agreement) as set forth in the Primary P&A Agreement; and

(6) Prior to any repurchase, Purchaser will administer and manage any Transferred Asset with usual and prudent banking standards and business practices until such repurchase is complete.

(d) Purchaser agrees to repurchase (or to pay Seller the funds necessary to repurchase) any Transferred Asset that the Receiver has the right to reverse the repurchase of in accordance with Section 3.4(g) of the Primary P&A Agreement and agrees to transfer any required purchase price directly to the Receiver or, if not possible, to Seller.

(e) The Parties agree that the only obligation of Seller under this Section 7.9 is to make the request of Purchaser and to cooperate with any purchase that the Receiver agrees to (including passing on any funds if received by Seller). Seller makes no representation or warranty as to whether Receiver will honor this put right for the Transferred Assets.

(a) Purchaser agrees, at the request of the Receiver set forth in a written notice to Seller or Purchaser, to sell, assign, transfer, convey, and deliver directly to the Receiver or, if not possible, to Seller all of its right, title and interest in and to, any Transferred Asset essential to the Receiver as determined by the Receiver in its discretion in the manner contemplated in Section 3.6 of the Primary P&A Agreement.

(b) Upon the repurchase of any Transferred Assets by the Receiver pursuant to Section 3.6 of the Primary P&A Agreement, Purchaser shall receive the amount contemplated in Section 3.6(b) of the Primary P&A Agreement directly from the Receiver or, if not possible, from Seller, on the date received from the Receiver.

Section 7.11. Agreement with Respect to Public Deposits. Purchaser agrees that with respect to any Transferred Deposits of public money, it shall, promptly after the Effective Time, properly secure such Transferred Deposits with assets of Purchaser sufficient to properly secure such Transferred Deposits, as contemplated in Section 2.1(a) of the Primary P&A Agreement.

Section 7.12. Agreement with Respect to Interest on Non-Transaction Deposits and Early Withdrawal. Purchaser agrees to, from and after the Effective Time, assume the obligations of Seller under Section 2.2 of the Primary P&A Agreement with respect to interest on Transferred Deposits, including but not limited to:

(a) paying an interest rate on any non-transaction Transferred Deposit that is not less than the lowest rate offered by Purchaser or Seller to its depositors for non-transaction deposit liabilities (it being understood that Seller will, upon request, provide information necessary for Purchaser to comply with this covenant); and

(b) permitting each owner of a Transferred Deposit to withdraw all or any portion of such depositor’s Transferred Deposits, without penalty for early withdrawal, as long as such deposits are not pledged as collateral for a loan. If any Transferred Deposit has been pledged to secure an obligation of the depositor or other party, any withdrawal thereof shall be subject to the terms of the agreement governing such pledge.

(a) Purchaser agrees to, from and after the Effective Time, fully comply with all obligations of Seller with respect to all Transferred Deposits that have not been claimed by the depositor by certain dates (the “Unclaimed Deposits”) contained in Section 2.3 of the Primary P&A Agreement, including but not limited to:

(1) providing to the Receiver (with a copy to Seller) a list of all Unclaimed Deposits no later than the fifteenth (15) month anniversary of the Bank Closing Date;

(2) sending the final notice in the form contained in Exhibit 2.3A of the Primary P&A Agreement to the owners of any Unclaimed Deposits promptly after Seller (provided Seller has provided Purchaser prompt written notice thereof) or Purchaser receives the Receiver’s authorization;

(3) promptly after mailing the final notice, completing and providing to the Receiver (with a copy to Seller) an affidavit of mailing in the form contained in Exhibit 2.3B of the Primary P&A Agreement; and

(4) within fifteen (15) days of the end of the eighteen (18) month period commencing from the Bank Closing Date, (A) refunding directly to the Receiver or, if not possible, to Seller the full amount of any Unclaimed Deposit (without reduction for service charges), (B) providing directly to the Receiver or, if not possible, to Seller a schedule of all such Unclaimed Deposits in a form satisfactory to the Receiver, and (C) assigning, transferring, conveying and delivering directly to the Receiver or, if not possible, to Seller all right, title and interest of Purchaser in and to any records related to the Unclaimed Deposits.

(b) From and after the Effective Time and continuing until the end of the eighteen (18) month period commencing from the Effective Time, Purchaser hereby agrees to provide directly to the Receiver or, if not possible, to Seller, in response to any request by the Receiver, a schedule of Unclaimed Deposits, in substantially the form requested by the Receiver.

(a) Full Service Banking. For the period commencing on the first (1st) Business Day after the Bank Closing Date and ending one hundred and eighty (180) days from the Bank Closing Date, Purchaser shall provide full service banking in the “Failed Bank Assessment Area” (as defined in the Primary P&A Agreement). During such one hundred and eighty (180) day period, Purchaser may not close or sell any Transferred Branches without the consent of Seller, who will only consent if Seller or Purchaser has received the prior written consent of the Receiver and provides evidence of the receipt of any other required regulatory approvals.

(b) Safe Deposit Box Business. From and after the Effective Time, Purchaser agrees to assume, perform and discharge, in the usual course of conducting a banking business, the duties and obligations of Seller under the Primary P&A Agreement with respect to all safe deposit boxes, if any, of the Transferred Branches (the “Safe Deposit Box Business”) and to maintain all of the necessary facilities for the use of such boxes by the renters thereof during the period for which such boxes have been rented and the rent therefor paid to the Failed Bank, subject to the provisions of the Safe Deposit Contracts between the Failed Bank and the respective renters of such boxes; provided that Purchaser may relocate the safe deposit boxes of any Transferred Branches to any office of Purchaser located in the Failed Bank Assessment Area in which such safe deposit boxes were located. The safe deposit boxes shall be located and maintained in such Failed Bank Assessment Area for a minimum of one (1) year from the Bank Closing Date.

(c) Safekeeping Business. From and after the Effective Time, Purchaser agrees to accept the Safekeeping Assets, if any, held by the Transferred Branches in safekeeping for its customers as of the Bank Closing Date (the “Safekeeping Business”). Purchaser agrees to assume, perform and discharge all duties and obligations with respect to such Safekeeping Assets held in safekeeping. Purchaser agrees to provide directly to the Receiver or, if not possible, to

Seller, written verification of all Safekeeping Assets within sixty (60) days after the Bank Closing Date and hold and maintain the Safekeeping Assets in the Failed Bank Assessment Area for a minimum of one (1) year from the Bank Closing Date. Notwithstanding the foregoing, Purchaser may relocate the Safekeeping Assets of any Transferred Branches to any office of Purchaser within the Failed Bank Assessment Area.

(a) From and after the Effective Time, Purchaser agrees to obtain and maintain insurance coverage acceptable to the Receiver (including public liability, fire, and extended coverage insurance) naming Purchaser as insured and the Receiver as additional insured, effective from and after the Bank Closing Date, with respect to all Bank Premises and Personal Property located on or at those Bank Premises. Purchaser’s obligation to insure and to maintain the Receiver as an additional insured on Bank Premises insurance coverage will cease upon either the Bank Premises Surrender Date or the date Purchaser receives a deed for Owned Bank Premises or assumes the lease for Leased Bank Premises.

(b) From and after the Effective Time, Purchaser agrees to assume, perform and discharge Seller’s FDIC Obligations with respect to insurance as it relates to the Transferred Branches set forth in Section 4.10 of the Primary P&A Agreement, including the obligation to reimburse the Receiver in accordance with Section 4.10(b) of the Primary P&A Agreement.

Section 7.16. Office Space for Receiver and Corporation. For the period commencing on the day following the Bank Closing Date and ending on the one hundred fiftieth (150th) day following the Bank Closing Date (subject to the Receiver’s right to an extension as provided in Section 4.11(b) of the Primary P&A Agreement), Purchaser agrees to provide the Receiver to the extent it is requested by the Receiver of Purchaser as an Alliance Bidder, without charge, adequate and suitable “FDIC Office Space” (as defined in the Primary P&A Agreement) at the Bank Premises occupied by Purchaser, to promptly reimburse the Receiver for any relocation costs and to pay any occupancy related invoices, in each case, to the extent provided in Section 4.11 of the Primary P&A Agreement (either directly or, if not possible, through Seller).

(a) Transferred Branch Employees. Within fifteen (15) days after the Bank Closing Date, Purchaser shall make a final determination as to whether it desires to retain any of the employees of the Transferred Branches (such employees, collectively, the “Transferred Branch Employees”) and in conjunction with such final determination, Purchaser shall (1) make an offer to each Transferred Branch Employee that it desires to retain (collectively, the “Retained Employees”) and (2) provide Seller with written notice of each Transferred Branch Employee that it has determined not to retain (it being understood that Seller will promptly pass on the final determination made by Purchaser to the Receiver). Purchaser agrees to be responsible for all salaries and other compensation, the cost of providing employee benefits, other payroll costs and any costs incurred by Seller pursuant to Section 4.12(c) of the Primary P&A Agreement, in each case, for each Transferred Branch Employee from the Bank Closing Date until Purchaser either hires such Transferred Branch Employee who is a Retained Employee or provides Seller written notice that it will not retain such Transferred Branch Employee. For the avoidance of doubt, a

Retained Employee who rejects Purchaser’s offer of employment shall cease to be a Retained Employee as of the date of such rejection and shall be deemed to be a Transferred Branch Employee that Purchaser has determined not to retain. Purchaser hereby agrees to offer to the Retained Employees employee benefits that are substantially comparable in the aggregate to those employee benefits that Purchaser offers to its similarly situated employees. In the event the Receiver utilizes the services of any Transferred Branch Employee, the Parties hereby agree to seek arrangements so that the Receiver can reimburse Purchaser directly (or if not possible, Seller hereby agrees to pass on all such reimbursement from the Receiver to Purchaser).

(b) Continuation Coverage. From and after the Effective Time, Purchaser agrees to assist the Receiver in offering Transferred Branch Employees or former employees of the Transferred Branches (if any), who, prior to the Bank Closing Date, were “Eligible Individuals” (as defined in the Primary P&A Agreement), the opportunity to obtain health insurance coverage in the Corporation’s Federal Insurance Administration Continuation Coverage Plan as provided in Section 4.12(a) of the Primary P&A Agreement. Purchaser agrees to provide the Receiver with the written notice required by Section 4.12(a) of the Primary P&A Agreement not later than five (5) Business Days after the Bank Closing Date (with a copy of such notice delivered to Seller).

(c) Qualified Beneficiaries; Expenses. From and after the Effective Time, Purchaser agrees to assist the Receiver in offering the Eligible Individuals who are “Qualified Beneficiaries” (as defined in the Primary P&A Agreement) of the Transferred Branches the opportunity to obtain health insurance coverage in the Corporation’s Federal Insurance Administration Continuation Coverage Plan as provided in Section 4.12(b) of the Primary P&A Agreement. Purchaser hereby agrees to bear all expenses incurred and paid by Seller (A) in connection with the FDIC Obligations with respect to the Transferred Branches and (B) in providing health insurance continuation coverage to any Eligible Individuals of the Transferred Branches who are Retained Employees and such Retained Employees’ Qualified Beneficiaries.

(a) Payment of Checks, Drafts, Orders and Transferred Deposits. From and after the Effective Time, subject to Section 7.21 of this Agreement, Purchaser agrees to pay all properly drawn checks, drafts, withdrawal orders and deposits of holders of Transferred Deposits presented for payment, whether drawn on the check or draft forms provided by the Failed Bank or Purchaser, to the extent that the deposit balances to the credit of the respective makers or drawers assumed are sufficient to permit the payment thereof, and in all other respects to discharge, in the usual course of conducting a banking business, the duties and obligations of the Failed Bank or Seller with respect to the deposit balances due and owing to the depositors of the Failed Bank assumed by Purchaser under this Agreement.

(b) Certain Agreements Related to Transferred Deposits. From and after the Effective Time, except as may be modified in accordance with Section 2.2 of the Primary P&A Agreement, Purchaser agrees to honor the terms and conditions of any written escrow or loan servicing agreement or other similar agreement related to the Transferred Deposits.

(c) Notice to Depositors. From and after the Effective Time, Purchaser agrees to timely provide each notice required by Section 5.3 of the Primary P&A Agreement, including the newspaper notice required by Section 5.3(a) of the Primary P&A Agreement; provided that, prior to making any such notices, Purchaser will seek the approval of the Receiver (or its counsel). Purchaser will provide to Seller and the Receiver the affidavits of publication and mailing as required by and in the timeframe provided in Section 5.3(c) of the Primary P&A Agreement.

(a) As of the Effective Time, subject to applicable law and Seller’s obligations under the Primary P&A Agreement, Seller shall assign, transfer, convey and deliver to Purchaser all files, documents and records in Seller’s possession to the extent that they solely pertain to the Transferred Assets and Assumed Liabilities, including any account history related to the Transferred Deposits and Transferred Loans and all such files, documents and records maintained on electronic or magnetic media in the electronic database system of Seller that are reasonably accessible on a branch-by-branch basis, and, to the extent permitted by law, including copies of all personnel files relating to the Transferred Branch Employees; provided that Seller may retain any records necessary to provide services under the TSA for the duration of the term of the TSA (such records, and together with other files, documents and records in Seller’s possession to the extent they pertain to both the Transferred Assets and Assumed Liabilities under this Agreement and the “Acquired Assets” and “Liabilities Assumed” (each as defined in the Primary P&A Agreement) under the Primary Agreement, the “Retained Records”) and Seller shall provide Purchaser reasonable access to the Retained Records. Such files, documents and records shall include all materials set forth in Section 6.1 of the Primary P&A Agreements with respect to the Transferred Assets, the Assumed Liabilities and the Transferred Branches that are in Seller’s possession. Purchaser agrees, at Seller’s expense, to return to Seller all files, documents and records located in any Transferred Branches to the extent that they do not relate to the Transferred Assets or the Assumed Liabilities and Purchaser agrees not to make any use of such records or documents and to keep such records and documents confidential in accordance with Section 11.5 of this Agreement.

(b) From and after the Effective Time, subject to Seller’s obligations under the Primary P&A Agreement, as to any file, document, or record, as of the time of transfer and until any return thereof to Seller, Purchaser shall become responsible for maintaining such file, document or record transferred to it pursuant hereto. Purchaser will preserve and hold such files, documents and records in safekeeping as required by applicable law and in accordance with Purchaser’s customary practices.

(c) From and after the Effective Time, Purchaser will permit Seller and its representatives, at reasonable times and upon reasonable notice, at Seller’s sole cost and expense, except as set forth in Section 7.19(d) of this Agreement, to examine, inspect, copy and reproduce any such files, documents or records, to the extent reasonably required in connection with any third party claim, action, litigation or other proceeding involving Seller or its affiliates or in connection with any legal obligation owed by Seller or its affiliates to any present or former depositor or obligor or other customer or any governmental authority, including for purposes of preparing regulatory reports and Tax Returns. “Tax Returns” means, collectively, any return,

declaration, report, claim for refund, or information return, statement or other filing relating to Taxes and declaration of estimated Tax, including any schedule or attachment thereto, and including any amendment thereof.

(d) From and after the Effective Time, except to the extent such records were required to be transferred pursuant to Section 7.19(a) of this Agreement and were not so transferred (in which case the records shall be provided at no cost), the Party providing copies of records may charge its customary rate for research and for the cost of providing such copies, including its personnel costs.

(e) From and after the Effective Time, Purchaser agrees to assume Seller’s FDIC Obligations with respect to compliance with Sections 6.3 and 6.4 of the Primary P&A Agreement with respect to any books and records transferred to the Purchaser pursuant to this Section 7.19. Purchaser will retain all records (1) transferred hereunder and (2) generated after the Effective Time with respect to the Transferred Assets, the Assumed Liabilities and the Transferred Branches, in each case, for at least the period during which Seller is required to retain such records under Section 6.3 of the Primary P&A Agreement and will permit the Receiver access to such records to the extent provided in Section 6.4 of the Primary P&A Agreement. Purchaser acknowledges and agrees that Seller’s obligations hereunder are subject in all respects to Seller’s FDIC Obligations under Article VI of the Primary P&A Agreement.

Section 7.20. Payment of Transferred Deposits. From and after the Effective Time, in the event any depositor does not accept the obligation of Purchaser to pay any deposit liability of the Failed Bank assumed by Purchaser pursuant to this Agreement and asserts a claim against the Receiver or Seller for all or any portion of any such liability, Purchaser agrees on demand to provide directly to the Receiver or, if not possible, to Seller funds sufficient to pay such claim in an amount not in excess of the liability reflected on the books of Purchaser at the time such claim is made. Upon payment by Purchaser to Seller or the Receiver or Seller of such amount, Purchaser will be discharged from any further obligation under this Agreement to pay to any such depositor the amount of such Transferred Deposit liability paid to Seller or the Receiver.

Section 7.21. Withheld Payments of Transferred Deposits. From and after the Effective Time, at any time, if Seller receives direction from the Receiver to withhold payment of all or any portion of any Transferred Deposit pursuant to Section 9.5 of the Primary P&A Agreement, upon notice from Seller, Purchaser agrees to hold such deposit and not to make any payment of such deposit balance to or on behalf of the depositor, or to itself, whether by way of transfer, set-off or otherwise. Purchaser agrees to maintain the “withheld payment” status of any such deposit balance, return all or any portion of such deposit balance directly to the Receiver or the Corporation, as appropriate, or, if not possible, to Seller, or reimburse directly to the Corporation or the Receiver, as the case may be, or, if not possible, to Seller in the manner contemplated in Section 9.5 of the Primary P&A Agreement.

Section 7.22. Proceedings with Respect to Certain Transferred Assets and Assumed Liabilities.

(a) From and after the Effective Time, in connection with any investigation, proceeding or other matter with respect to any asset or liability of the Failed Bank retained by the

Receiver, or any asset of the Failed Bank repurchased by the Receiver pursuant to the Primary P&A Agreement, Purchaser agrees to cooperate to the extent reasonably required by the Receiver, at its own expense.

(b) From and after the Effective Time, in addition to its obligations under Section 7.19 of this Agreement, Purchaser agrees to provide representatives of the Receiver access in the manner contemplated in Section 9.6(b) of the Primary P&A Agreement.

Section 7.23. Information. From and after the Effective Time, Purchaser agrees to promptly provide to the Corporation such other information, including financial statements and computations, relating to the performance of the provisions of the Primary P&A Agreement with respect to the Transferred Assets, the Assumed Liabilities and the Transferred Branches, as the Corporation or the Receiver may request from time to time (including requests by Seller), and, at the request of the Receiver, make available employees of the Failed Bank employed or retained by Purchaser to assist in preparation of the Pro Forma statement.

Section 7.24. Audit by Receiver or Corporation. From and after the Effective Time, Purchaser agrees to cooperate with Seller if and when the Receiver or the Corporation performs an audit to determine Seller’s compliance with the Primary P&A Agreement in the manner contemplated in Section 13.17 of the Primary P&A Agreement and to the extent that such audit is related to any Transferred Assets or Assumed Liabilities herein, at its own expense. Purchaser agrees to make any required adjustments to the Purchase Price resulting from any such audit in a manner to give such adjustments retroactive effect.

(a) Purchaser shall be responsible for all Transfer Taxes that may be imposed on the purchase and sale of the Transferred Assets.

(b) Purchaser shall be responsible for paying all real property Taxes related to the Transferred Assets or Assumed Liabilities allocable to the period from and after the Effective Time. If Tax statements for any Transferred Assets or Assumed Liabilities are sent directly to Seller by a Tax Authority after the date of this Agreement, then Seller shall cause such statements to be forwarded promptly to Purchaser.

(c) Purchaser shall promptly notify Seller in writing upon the receipt of notice of any pending or threatened audits or assessments with respect to Taxes for which Seller may be liable hereunder. Seller shall be entitled to participate at its expense in the defenses of, and, at its option, take control of the complete defense of, any Tax audit or administrative or court proceeding relating to Taxes for which Seller may be liable, and to employ counsel of its choice at its expense; provided that if Purchaser may also be liable under such pending or threatened audits or assessments with respect to Taxes, Purchaser shall be entitled to participate at its expense in the defenses of any such Tax audit or administrative or court proceeding relating to Taxes for which Purchaser may be liable, and to employ counsel of its choice at its expense. Purchaser may not agree to settle any claim for Taxes for which Seller may be liable without prior written consent of Seller.

(d) Purchaser agrees to, from and after the Effective Time, assume, perform and discharge Seller’s FDIC Obligations with respect to United States Federal and state income tax informational reporting and other items as provided for in Section 4.9 of the Primary P&A Agreement, solely to the extent applicable to Purchaser.

(e) Purchaser shall not at any time, without the Corporation’s prior consent, seek a private letter ruling or other determination from the Internal Revenue Service or otherwise seek to qualify for any special tax treatment or benefits associated with any payments made by the Receiver or Corporation pursuant to the Primary P&A Agreement.

(f) “Tax” or “Taxes” means all taxes payable to any Taxing Authority, domestic or foreign, including net income, gross receipts, alternative minimum, sales, use, ad valorem, net worth, value added, transfer, franchise, employment, withholding, stamp, property or other taxes including all interest and penalties thereon, and additions to tax or additional amounts imposed by any Taxing Authority, domestic or foreign.

(g) “Transfer Taxes” means all sales, use, value added, excise, registration, documentary, stamp, transfer, real property transfer, recording, gains and other similar Taxes and fees (together with any interest, penalties or additions to Tax). The Parties shall cooperate in good faith to minimize such Transfer Taxes to the extent legally permissible.

(h) “Tax Authority” means any foreign, federal, state or local government, political subdivision or governmental or regulatory authority, agency, board, bureau, commission, instrumentality or court or quasi-governmental authority, body, or instrumentality exercising any authority to impose, regulate, or administer the imposition of any Tax.

Section 7.26. Operating Expenses. Purchaser shall also be responsible for all utility payments, telephone charges, rent, salaries, deposit insurance premiums, other ordinary operating expenses of the Transferred Branches and other expenses related to the Assumed Liabilities or Transferred Assets (including, for the avoidance of doubt, any prepaid premiums or assessments related to insurance of the Transferred Deposits by the FDIC) from and after the Effective Time.

Section 7.27. Defense and Settlement of Certain Claims. Purchaser agrees that the Receiver shall have the right, in its discretion, to defend or settle any claim or suit against Seller or Purchaser with respect to any Assumed Liability, which claim or suit may result in a loss to the Receiver arising out of the Primary P&A Agreement, or which existed against the Failed Bank before the Bank Closing Date.

Section 7.28. Wrong Pocket Assets. If any time after the Closing Date, Seller, on the one hand, or Purchaser, on the other hand, shall receive or otherwise possess any asset that should belong to the other Party under this Agreement, Seller and Purchaser agree to promptly transfer such asset to the Party so entitled hereto.

Section 7.29. Release of Liens. As soon as reasonably practical following the Closing Date, Seller will cause to be satisfied and fully released any and all Covered Liens on the Transferred Assets.

The obligations of Purchaser to complete the transactions contemplated in this Agreement are conditioned upon fulfillment, on or before the Closing, of each of the following conditions:

Section 8.1. Representations and Warranties. The representations and warranties made by Seller in Article V in this Agreement shall be true in all material respects on and as of the Effective Time as though such representations and warranties were made at and as of such time, except to the extent otherwise provided herein or consented to by Purchaser.

Section 8.2. Obligations Performed. Seller shall have performed and complied in all material respects with all obligations and agreements required by this Agreement to be performed or complied with by it prior to or on the Effective Time.

Section 8.3. Bid Acceptance; Primary P&A Closing. The Alliance Bid shall have been accepted by the FDIC and the closing under the Primary P&A Agreement shall have occurred.

Section 8.4. Regulatory Approval. Purchaser and Seller shall have received all necessary regulatory approvals of the transactions provided in this Agreement, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met.

Section 8.5. Orders. No court or governmental authority of competent jurisdiction shall have enacted, issued, promulgated, enforced or entered any statute, rule, regulation, judgment, decree, injunction or other order (whether temporary, preliminary or permanent) (any of the foregoing, an “Order”) which is in effect and which prohibits or makes illegal the consummation of the transactions contemplated hereby.

The obligations of Seller to complete the transactions contemplated in this Agreement are conditioned upon fulfillment, on or before the Closing, of each of the following conditions:

Section 9.1. Representations and Warranties. The representations and warranties made by Purchaser in this Agreement shall be true in all material respects at and as of the Effective Time as though such representations and warranties were made at and as of such time, except to the extent otherwise provided herein or consented to by Seller.

Section 9.2. Obligations Performed. Purchaser shall have performed and complied in all material respects with all obligations and agreements required by this Agreement to be performed or complied with by it prior to or on the Effective Time.

Section 9.3. Bid Acceptance; Primary P&A Closing. The Alliance Bid shall have been accepted by the FDIC and the closing under the Primary P&A Agreement shall have occurred.

Section 9.4. Regulatory Approval. Purchaser and Seller shall have received all necessary regulatory approvals of the transactions provided in this Agreement, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met.

Section 9.5. Orders. No court or governmental authority of competent jurisdiction shall have enacted, issued, promulgated, enforced or entered any Order which is in effect and which prohibits or makes illegal the consummation of the transactions contemplated hereby.

Section 10.1. Automatic Termination. Subject to Section 11.1 of this Agreement, this Agreement will automatically terminate with no further action of the Parties, if (a) prior to the Effective Time, one or more third parties (including a “franchise” winner) enter into a purchase and assumption agreement with the Receiver as the receiver of the Failed Bank and the Federal Deposit Insurance Corporation in its corporate capacity or (b) the Closing does not occur on the Bank Closing Date;

Section 10.2. Other Termination. Subject to Section 11.1 of this Agreement, this Agreement may be terminated prior to the Effective Time:

(b) by Purchaser or Seller in writing if the other shall have (1) been in breach of any representation and warranty in any respect as would violate the closing condition set forth in Section 8.1 or Section 9.1 of this Agreement, as applicable (as if such representation and warranty had been made on and as of the date hereof and on the date of the notice of breach referred to below) or (2) failed to perform, in any material respect, any covenant or obligation required to be performed prior to the Closing, and the Party seeking to terminate the Agreement is not in breach of any covenant, undertaking or obligation contained herein, and such breach has not been cured by the Bank Closing Date;

(c) by either Purchaser or Seller in writing at any time after any applicable regulatory authority has denied, by final non-appealable order, approval of any application of either Party for approval of the transactions contemplated herein; and

(d) by either Purchaser or Seller, in the event that an Order prohibiting or making illegal the consummation of the transactions contemplated hereby is in effect and has become final and non-appealable.

Section 10.3. Procedure upon Termination. In the event of termination pursuant to Section 10.2 of this Agreement, and except as otherwise specifically stated therein, written notice

thereof shall be given to the other Party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the Party having the right to terminate. If this Agreement is terminated as provided herein,

(a) each Party will return all documents, work papers and other materials of the other Party, including photocopies or other duplications thereof, relating to this transaction, whether obtained before or after the execution hereof, to the Party furnishing the same; and

(b) all information received by either Party hereto with respect to the business of the other Party (other than information that is a matter of public knowledge or that has heretofore been published in any publication for public distribution or filed as public information with any governmental authority) shall not at any time be used for any business purpose by such Party or disclosed by such Party to third persons, unless required to disclose such information pursuant to order, request or demand of a governmental authority or by judicial or administrative process or by law.

Section 10.4. Payment of Expenses. Should the transactions contemplated herein not be consummated because of a Party’s breach of this Agreement, in addition to such damages as may be recoverable in law or equity, the other Party shall be entitled to recover from the breaching Party, upon demand, itemization and documentation, its reasonable outside legal, accounting, consulting and other out-of-pocket expenses.

Section 11.1. Survival. The Parties’ respective representations and warranties contained in this Agreement shall survive until the expiration of any applicable statute of limitations. The agreements and covenants contained in this Agreement that by their terms contemplate performance after the Effective Time shall survive the Effective Time in accordance with their terms.

Section 11.2. Amendment and Modification. The Parties hereto, by mutual consent of their duly authorized officers, may amend, modify and supplement this Agreement in such manner as may be agreed upon by them in writing.

Section 11.3. Waiver or Extension. Except with respect to required approvals of the applicable governmental authorities, either Party, by written instrument signed by a duly authorized officer, may extend the time for the performance of any of the obligations or other acts of the other Party and may waive (a) any inaccuracies in the representations and warranties contained herein or in any document delivered pursuant hereto or (b) compliance with any of the undertakings, obligations, covenants or other acts contained herein.

Section 11.4. Assignment. This Agreement and all of the provisions hereof shall be binding upon, and shall inure to the benefit of, the Parties hereto and their permitted assigns, but neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by either of the Parties hereto without the prior written consent of the other Party.

Section 11.5. Confidentiality. Each Party shall hold, and shall cause their respective directors, officers, employees, agents, consultants and advisors to hold, in confidence, unless compelled to disclose by judicial or administrative process or by other requirements of applicable law or the applicable requirements of any regulatory agency or relevant stock exchange, all non-public records, books, contracts, instruments, computer data and other data and information (collectively, “Information”) concerning the other Party (or, if required under a contract with a third party, such third party) furnished to it by such other Party or its representatives in connection with the transactions contemplated by this Agreement (except to the extent that such Information was (i) previously known by such Party on a non-confidential basis, (ii) in the public domain through no fault of such Party or (iii) later lawfully acquired from other sources by the Party to which it was furnished).

Section 11.6. Addresses for Notices, Etc. All notices, requests, demands, consents and other communications provided for hereunder and under the related documents shall be in writing and transmitted by nationally recognized air courier (charges prepaid), telecopied or personally delivered (with receipt thereof acknowledged) to the applicable Party at the address indicated below:

or, as to each Party, at such other address as shall be designated by such Party by notice to the other Party complying with the terms of this Section 11.6 of this Agreement.

Section 11.7. Counterparts. This Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

Section 11.8. Headings; Construction. The headings of the Sections and Articles of this Agreement are inserted for convenience only and shall not constitute a part thereof. References to sections, articles, schedules or exhibits are to the sections, articles, schedules and exhibits contained in, referred to or attached to this Agreement, unless otherwise specified. The Parties and their respective counsel have participated jointly in the negotiation and drafting of this Agreement. In addition, each of the Parties acknowledges that it is sophisticated and has been advised by experienced counsel and, to the extent it deemed necessary, other advisors in connection with the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the Parties and no presumption or burden of proof will arise favoring or disfavoring any Party by virtue of the authorship of any of the provisions of this Agreement. Any reference to the knowledge of a Party will be deemed to refer to the actual knowledge of such Party. Any reference to any law will be deemed to refer to all rules and regulations promulgated thereunder, unless the context requires otherwise. The word “including” means “including without limitation.” A statement that an action has not occurred in the past means that it is also not presently occurring. When any Party may take any permissive action, including the granting of a consent, the waiver of any provision of this Agreement or otherwise, whether to take such action is in its sole and absolute discretion. The use of the masculine, feminine or neuter gender or the singular or plural form of words will not limit any provisions of this Agreement. A statement that an item is listed, disclosed or described means that it is correctly listed, disclosed or described, and a statement that a copy of an item has been delivered means a true and correct copy of the item has been delivered.

Section 11.9. Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the Commonwealth of Puerto Rico.

Section 11.10. Jurisdiction; Enforcement. The Parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the Parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement exclusively in any state court sitting in San Juan, Puerto Rico, or in the event (but only in the event) that such court does not have subject matter jurisdiction over such action or proceeding, in any federal court sitting in San Juan, Puerto Rico. In addition, each of the Parties hereto irrevocably agrees that any legal action or proceeding with respect to this Agreement and the rights and obligations arising hereunder, or for recognition and enforcement of any judgment in respect of this Agreement and the rights and obligations arising hereunder brought by the other Party hereto or its successors or assigns shall be brought and determined exclusively in any state court sitting in San Juan, Puerto Rico, or in the event (but only in the event) that such court does not have subject matter jurisdiction over such action or proceeding, in any federal court sitting in San Juan, Puerto Rico.

Section 11.11. Waiver of Jury Trial. THE PARTIES HEREBY WAIVE, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION (I) ARISING UNDER THIS AGREEMENT OR (II) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES IN RESPECT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY, IN EACH CASE, WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY, OR OTHERWISE. THE PARTIES HEREBY FURTHER AGREE AND CONSENT THAT ANY SUCH CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT THE PARTIES MAY FILE A COPY OF THIS AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

Section 11.12. Entire Agreement. Except for the Alliance Agreement, the TSA and the Primary P&A Agreement, this Agreement and the exhibits and attachments hereto represent the entire agreement between the Parties respecting the transactions contemplated hereby, and all prior or contemporaneous written or oral proposals, agreements in principle, representations, warranties and understandings between the Parties with respect to such matters are superseded hereby and merged herein.

Section 11.13. Severability. If any provision of this Agreement is invalid or unenforceable, the balance of this Agreement shall remain in effect.

Section 11.14. Parties in Interest. Except as set forth in Section 4.1 and Section 4.2 of this Agreement, nothing in this Agreement, express or implied, is intended or shall be construed to confer upon or give to any person (other than the Parties hereto, their successors and permitted assigns) any rights or remedies under or by reason of this Agreement, or any term, provision, condition, undertaking, warranty, representation, indemnity, covenant or agreement contained herein.

IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be duly executed by their duly authorized officers as of the date first written above.


SELLER:

BANCO POPULAR DE PUERTO RICO

By:	/s/ Richard L. Carrión
	Name:	Richard L. Carrión
	Title:	Chairman and Chief Executive Officer

PURCHASER:

FIRSTBANK PUERTO RICO

By:	/s/ Lawrence Odell
	Name:	LAWRENCE ODELL
	Title:	Executive Vice President & General Counsel

Please note that all pools are tied to the franchise bid except for bids on pools: 40, 50, 70, 80, 90, ORE, The “Doral Money, Inc. Package”, Doral Mortgage, LLC and the MSR’s. (These may be bid by both asset buyers and franchise buyers.)

THESE LOAN POOLS ALREADY EXCLUDE THE LOANS SOLD PRIOR TO 12/31/14 BUT THAT CLOSED IN JANUARY OF 2015.

(Any loans within Doral Money, Inc. and Doral Mortgage, LLC are NOT INCLUDED in these pools)

THESE LOAN POOLS ALREADY EXCLUDE THE LOANS SOLD PRIOR TO 12/31/14 BUT THAT CLOSED IN JANUARY OF 2015.

(Any loans within Doral Money, Inc. and Doral Mortgage, LLC are NOT INCLUDED in these pools)


If to Seller:		Banco Popular de Puerto Rico
		209 Muñoz Rivera Avenue
		Hato Rey, Puerto Rico 00918

		Fax Number: 787-756-0277
		Attn: Ignacio Alvarez and Javier D. Ferrer

With a copy to:		Sullivan & Cromwell LLP
		125 Broad Street
		New York, New York 10004

		Fax Number: 212-558-3588
		Attn: Donald J. Toumey and Jared M. Fishman

If to Purchaser:		FirstBank Puerto Rico
		1519 Ponce De Leon Ave
		Santurce, Puerto Rico 00909

		Fax Number: 787-729-8139
		Attn: Lawrence Odell

with a copy to:		Holland & Knight LLP
		701 Brickell Avenue, Suite 3300
		Miami, Florida 33131

		Fax Number: 305-789-7799
		Attn: Alberto M. Hernandez and Roberto R. Pupo


Branch Name	Branch Address	City	State	Zip Code	Owned/Leased
Aguadilla Branch	Plaza Ferran Shopping Center Carr#2 Km. 12.5	Aguadilla	PR	00603	Leased
Rio Hondo Branch	Comerio Ave Plaza Del Parque Shopping Center	Bayamon	PR	00959	Leased
Santa Rosa Branch	Road #2 Santa Rosa Shopping Center	Bayamon	PR	00957	Leased
Las Catalinas Branch	Las Catalinas Mall Carr. PR-53, Intersección PR 156	San Juan	PR	00725	Leased
Isla Verde Branch	Isla Verde Ave Lots 71,73 and 75	Carolina	PR	00979	Owned
Condado Branch	Ashford Ave #1476 Esq De Diego	Guaynabo	PR	00970	Owned
Humacao II Branch	Triumph Plaza Road #3 Km 83.6	Humacao	PR	00792	Leased
Mayaguez Branch	Western Plaza II Road #2 Km 179.5	Mayaguez	PR	00680	Leased
Galerias Paseos Mall Branch	Grand Boulevard Paseos, Suite 107	San Juan	PR	00926	Leased
Vega Baja Branch	Calle Marginal Road # Km 38.0	Vega Baja	PR	00693	Owned


Branch Name	Branch Address	City	State	Zip Code

Isla Verde Branch	Isla Verde Ave Lots 71,73 and 75	Carolina	PR	00979

Condado Branch	Ashford Ave #1476 Esq De Diego	Guaynabo	PR	00970

Vega Baja Branch	Calle Marginal Road # Km 38.0	Vega Baja	PR	00693


Branch Name	Branch Address	City	State	Zip Code
Aguadilla Branch	Plaza Ferran Shopping Center Carr#2 Km. 12.5	Aguadilla	PR	00603
Rio Hondo Branch	Comerio Ave Plaza Del Parque Shopping Center	Bayamon	PR	00959
Santa Rosa Branch	Road #2 Santa Rosa Shopping Center	Bayamon	PR	00957
Humacao II Branch	Triumph Plaza Road #3 Km 83.6	Humacao	PR	00792
Mayaguez Branch	Western Plaza II Road #2 Km 179.5	Mayaguez	PR	00680
Galerias Paseos Mall Branch	Grand Boulevard Paseos Suite 107	San Juan	PR	00926
Las Catalinas Branch	Las Catalinas Mall Carr. PR-53, Intersección PR 156	San Juan	PR	00725


Branch Name	Branch Address	City	State	Balance
Aguadilla Branch	Plaza Ferran Shopping.Center Carr#2 Km. 12.5	Aguadilla	PR	$	31,787,427
Rio Hondo Branch	Comerio Ave Plaza Del Parque Shopping Center	Bayamon	PR	$	109,087,236
Santa Rosa Branch	Road #2 Santa Rosa Shopping Center	Bayamon	PR	$	47,500,204
Las Catalinas Branch	Las Catalinas Mall Carr. PR-53, Intersección PR 156	San Juan	PR	$	136,299,572
Isla Verde Branch	Isla Verde Ave Lots 71,73 and 75	Carolina	PR	$	33,063,087
Condado Branch	Ashford Ave #1476 Esq De Diego	Guaynabo	PR	$	37,597,093
Humacao II Branch	Triumph Plaza Road #3 Km 83.6	Humacao	PR	$	49,888,494
Mayaguez Branch	Western Plaza II Road #2 Km 179.5	Mayaguez	PR	$	37,710,749
Galerias Paseos Mall Branch	Grand Boulevard Paseos Suite 107	San Juan	PR	$	93,324,179
Vega Baja Branch	Calle Marginal Road # Km 38.0	Vega Baja	PR	$	49,136,958

Total					625,395,000


		Page

ARTICLE I	TRANSFER OF ASSETS AND LIABILITIES; INTENT OF THE PARTIES		2
Section 1.1.	Transferred Assets		2
Section 1.2.	Assumed Liabilities		3
Section 1.3.	Intention of the Parties		5

ARTICLE II	BID SUBMISSION, EFFECTIVE TIME AND CLOSING		5
Section 2.1.	Bid Submission		5
Section 2.2.	Effective Time		6
Section 2.3.	Closing		6
Section 2.4.	Purchase Price		7
Section 2.5.	Post-Closing Adjustments; Settlement		8
Section 2.6.	Periodic Payments		10

ARTICLE III	TRANSITIONAL MATTERS		10
Section 3.1.	Data Conversion		10
Section 3.2.	Planning		11
Section 3.3.	Signage		11

ARTICLE IV	INDEMNIFICATION		11
Section 4.1.	Seller’s Indemnification of Purchaser		11
Section 4.2.	Purchaser’s Indemnification of Seller		12
Section 4.3.	Claims for Indemnity		12
Section 4.4.	Treatment of Indemnification Payments		13

ARTICLE V	REPRESENTATIONS AND WARRANTIES OF SELLER		13
Section 5.1.	Corporate Organization		13
Section 5.2.	No Violation		13
Section 5.3.	Corporate Authority		14
Section 5.4.	Enforceable Agreement		14
Section 5.5.	No Brokers		14
Section 5.6.	Regulatory Matters		14
Section 5.7.	No Liens		14
Section 5.8.	Limitation of Representations and Warranties		14

ARTICLE VI	REPRESENTATIONS AND WARRANTIES OF PURCHASER		15
Section 6.1.	Corporate Organization		15
Section 6.2.	No Violation		15
Section 6.3.	Corporate Authority		15
Section 6.4.	Enforceable Agreement		15
Section 6.5.	No Brokers		15


Section 6.6.	Regulatory Matters	15
Section 6.7.	Acknowledgement	16
Section 6.8.	Limitation of Representations and Warranties	16

ARTICLE VII	RIGHTS AND OBLIGATIONS OF PARTIES PRIOR TO AND AFTER EFFECTIVE TIME	16
Section 7.1.	Application for Approval to Effect Purchase of Transferred Assets and Assumption of Assumed Liabilities	16
Section 7.2.	Public Announcements	16
Section 7.3.	Fees and Expenses	17
Section 7.4.	Efforts; Further Assurances	17
Section 7.5.	Liabilities, Duties and Obligations under the Primary P&A Agreement	17
Section 7.6.	Bank Premises and Personal Property	17
Section 7.7.	Assignable Contracts	20
Section 7.8.	Transferred Loans	20
Section 7.9.	Put Right with Respect to Certain Loans	20
Section 7.10.	Retention or Repurchase of Assets Essential to Receiver	22
Section 7.11.	Agreement with Respect to Public Deposits	22
Section 7.12.	Agreement with Respect to Interest on Non-Transaction Deposits and Early Withdrawal	22
Section 7.13.	Agreement with Respect to Unclaimed Deposits	22
Section 7.14.	Continuation of Banking Business	23
Section 7.15.	Insurance	24
Section 7.16.	Office Space for Receiver and Corporation	24
Section 7.17.	Employee Matters	24
Section 7.18.	Duties with Respect to Depositors of Transferred Branches	25
Section 7.19.	Books and Records	26
Section 7.20.	Payment of Transferred Deposits	27
Section 7.21.	Withheld Payments of Transferred Deposits	27
Section 7.22.	Proceedings with Respect to Certain Transferred Assets and Assumed Liabilities	27
Section 7.23.	Information	28
Section 7.24.	Audit by Receiver or Corporation	28
Section 7.25.	Tax Matters	28
Section 7.26.	Operating Expenses	29
Section 7.27.	Defense and Settlement of Certain Claims	29
Section 7.28.	Wrong Pocket Assets	29

ARTICLE VIII	CONDITIONS TO PURCHASER’S OBLIGATIONS	30
Section 8.1.	Representations and Warranties	30
Section 8.2.	Obligations Performed	30
Section 8.3.	Bid Acceptance; Primary P&A Closing	30
Section 8.4.	Regulatory Approval	30
Section 8.5.	Orders	30



ARTICLE IX	CONDITIONS TO SELLER’S OBLIGATIONS	30
Section 9.1.	Representations and Warranties	30
Section 9.2.	Obligations Performed	30
Section 9.3.	Bid Acceptance; Primary P&A Closing	31
Section 9.4.	Regulatory Approval	31
Section 9.5.	Orders	31

ARTICLE X	TERMINATION	31
Section 10.1.	Automatic Termination	31
Section 10.2.	Other Termination	31
Section 10.3.	Procedure upon Termination	31
Section 10.4.	Payment of Expenses	32

ARTICLE XI	MISCELLANEOUS PROVISIONS	32
Section 11.1.	Survival	32
Section 11.2.	Amendment and Modification	32
Section 11.3.	Waiver or Extension	32
Section 11.4.	Assignment	32
Section 11.5.	Confidentiality	33
Section 11.6.	Addresses for Notices, Etc.	33
Section 11.7.	Counterparts	34
Section 11.8.	Headings; Construction	34
Section 11.9.	Governing Law	34
Section 11.10.	Jurisdiction; Enforcement	34
Section 11.11.	Waiver of Jury Trial	35
Section 11.12.	Entire Agreement	35
Section 11.13.	Severability	35
Section 11.14.	Parties in Interest	35


1		Transferred Branches

1.1(a)(1)(A)		Owned Bank Premises

1.1(a)(2)(B)		Leased Bank Premises

1.1(a)(5)(C)		Final Project 15001 Loan Pools as of 12/31/14

1.2(a)(1)		Assumed Deposits Associated with Transferred Branches

2.2(b)(6)		Form of Closing Statement


Acquired Assets		Section 7.19(a)
Agreement		Preamble
Alliance Agreement		Recitals
Alliance Bid		Recitals
Alliance Bidder		Recitals
Assignable Contracts		Section 1.1(a)(2)(B)
Assignment and Assumption Agreement		Section 2.3(b)(9)
Assumed Deposits		Section 1.2(a)(1)
Assumed Liabilities		Section 1.2(a)
Bank Closing Date		Section 2.2
Bank Premises		Section 1.1(a)(1)(B)
Bank Premises Surrender Date		Section 7.6(c)(1)
Bid Acceptance Deadline		Recitals
Bid Form		Section 2.4(c)(4)
Bill of Sale		Section 2.3(b)(8)
Book Value		Section 2.4(a)
Business Day		Section 2.2
Closing		Section 2.2
Closing Date		Section 2.2
Closing Statement		Section 2.3(b)(6)
Coins and Currency		Section 1.1(a)(5)(C)
Conversion		Section 3.1
Conversion Manager		Section 3.2
Corporation		Recitals
Credit Files		Section 7.9(c)(2)
day		Section 2.2
Deposit Secured Loans		Section 1.1(a)(5)(B)
Effective Time		Section 2.2
Eligible Individuals		Section 7.17(b)
Excluded Assets		Section 1.1(b)
Failed Bank		Recitals
Failed Bank Assessment Area		Section 7.14(a)
Failed Bank Records		Section 1.1(a)(8)
Fair Market Value		Section 7.6(c)(2)
FDIC		Recitals
FDIC Obligations		Section 1.2(a)(2)
FDIC Office Space		Section 7.16
Information		Section 11.5
IRA Accounts		Section 1.2(a)(1)(B)(ii)
Lead Bidder		Recitals
Leased Bank Premises		Section 1.1(a)(1)(B)
Leased Data Management Equipment		Section 1.1(a)(1)(C)
Liabilities Assumed		Section 7.19(a)
Liens		Section 1.1(a)


Loss		Section 4.1
Optional Loan Pools 30		Section 1.1(a)(5)(C)
Order		Section 8.5
Overdraft Loans		Section 1.1(a)(5)(A)
Owned Bank Premises		Section 1.1(a)(1)(A)
Parties		Preamble
Personal Property		Section 1.1(a)(1)(C)
Post-Closing Statement		Section 2.5(a)
Primary P&A Agreement		Recitals
Pro Forma		Section 2.5(a)
Purchase Price		Section 2.4
Purchaser		Preamble
Qualified Beneficiaries		Section 7.17(c)
Receiver		Recitals
Repurchase Price		Section 7.9(c)(5)
Retained Employees		Section 7.17(a)
Retained Records		Section 7.19(a)
Safe Deposit Box Business		Section 7.14(b)
Safe Deposit Contracts		Section 1.1(a)(3)
Safekeeping Assets		Section 1.1(a)(4)
Safekeeping Business		Section 7.14(c)
Seller		Preamble
Seller Transfer Costs		Section 2.4(d)
Settlement Date		Section 2.5(c)
Settlement Interest Rate		Section 2.5(d)
SFR Loans		Section 1.1(a)(5)(C)
Specialty Assets		Section 1.1(a)(1)(C)
Tax		Section 7.25(f)
Tax Authority		Section 7.25(h)
Tax Returns		Section 7.19(c)
Transfer Taxes		Section 7.25(g)
Transferred Assets		Section 1.1(a)
Transferred Branch Employees		Section 7.17(a)
Transferred Branches		Recitals
Transferred Deposits		Section 1.2(a)(1)
Transferred Loans		Section 1.1(a)(5)(C)
TSA		Section 3.1
Unclaimed Deposits		Section 7.13


Cash due to Purchaser for:

Transferred Deposits¹					$

Total Cash due to Purchaser					$

Cash due to Seller for:

Real Property and Personal					$
Property
Coins and Currency - Face					$
Amount

Transferred Loans	Book Value²	Percentage			Purchase Price

Overdraft Loans	$		62.40	%	$

Deposit Secured Loans	$		62.40	%	$

SFR Loans	$		91.00	%	$

Premium for Transferred Deposits			1.60	%	$

Seller Transfer Costs					$

Total Cash due to Seller					$

Net cash due to Purchaser					$


		Pool				Current		Number of
Pool Description	Pool #	Totals		Status	Loan Type	Balance		Loans
	Pool 10 is Required
Deposit Secured Consumer Credit Card Overdraft Protection	10		U.S. Loans	Performing	Deposit Secured-US		8,622,533		9
	10		PR Loans	Performing	Deposit Secured		156,040		53
	10		PR Loans	Performing	Consumer		711,913		205
	10		PR Loans	Non-performing	Consumer		97,078		96
	10		PR Loans	Performing	Credit Card		5,157,446		2,362
	10		PR Loans	Non-performing	Credit Card		461,134		139
	10		PR Loans	Performing	OD Protection Loans		6,863,336		2,205
	10		PR Loans	Non-performing	OD Protection Loans		53,949		2

	Total Pool 10	$	22,123,429				22,123,429		5,071
	Pool 20 is Required
PERFORMING SFR	20			Performing	SFR - 1st lien		604,108,767		4,792
	20			Performing	SFR 2nd and 3rd lien		78,804,731		3,131

	Total Pool 20	$	682,913,498				682,913,498		7,923

	30-Optional Pool
PERFORMING SFR OTHER	30			Performing	Condo		320,898,936		2,718
	30			Performing	2 to 4		2,964,306		14
	30			Performing	SFR Other		863,107		4

	Total Pool 30	$	324,726,350				324,726,350		2,736

	40-Optional Pool		(not tied to franchise bid - may be bid stand alone by asset buyer)
PERFORMING SFR MODS	40			Mod	SFR Mods 1st client		202,413,640		2,465
	40			Mod	SFR Mods 2nd client		4,972,211		229

	Total Pool 40	$	207,385,850				207,385,850		2,694

	50-Optional Pool		(not tied to franchise bid - may be bid stand alone by asset buyer)
NON-PERFORMING SFR	50			Non-performing	SFR 1st Lien		69,664,367		605
	50			Non-performing	SFR 2nd and 3rd lien		8,505,866		358
	50			Non-performing	Condo and multi family		30,880,329		310
	50			Non-performing	SFR Mods - 1st lien NPL		91,159,726		1,135
	50			Non-performing	SFR Mods - 2nd and 3rd lien NPL		1,908,686		100

	Total Pool 50	$	202,118,973				202,118,973		2,508
	60-Optional Pool
PERFORMING CRE AND C&I	60			Performing	CRE Multi-family		587,389		4
	60			Performing	CRE Office		2,540,725		9
	60			Performing	CRE Retail/Gas/C-store		2,417,930		20
	60			Performing	CRE Lodging		180,289		2
	60			Performing	CRE Industrial		22,696,251		4
	60			Performing	CRE Other (mixed use)		62,282,412		500
	60			Performing	C&I Secured by SFR		6,219,612		35
	60			Performing	C&I Secured by Other RE		26,173		1
	60			Performing	C&I other		553,691		34

	Total Pool 60	$	97,504,473				97,504,473		609


	70-Optional Pool		(not tied to franchise bid - may be bid stand alone by asset buyer)
Recovery SFR	70			Performing	Recovery Residential RE	154,498,223	2,243
	70			Non-performing	Recovery Residential RE	95,592,722	1,339

	Total Pool 70	$	250,090,944			250,090,944	3,582

	80-Optional Pool		(not tied to franchise bid - may be bid stand alone by asset buyer)
GOVERNMENT GUARANTEED	80			Performing	Govt. Guaranteed SFR	42,351,006	416
	80			Performing	Govt. Guaranteed CRE	3,744,773	17
	80			Non-performing	Govt. Guaranteed SFR	6,511,304	96
	80			Non-performing	Govt. Guaranteed CRE	11,468,908	97

	Total Pool 80	$	64,075,991			64,075,991	626
	90-Optional Pool		(not tied to franchise bid - may be bid stand alone by asset buyer)
DORAL RECOVERY and Commercial PERFORMING AND NON-PERFORMING	90			Performing	ADC - Commercial	6,362,815	15
	90			Performing	Land	15,468,734	171
	90			Performing	CRE	57,167,009	252
	90			Performing	C&I	3,020,254	25

	90			Non-performing	Land	67,134,207	103
	90			Non-performing	CRE Multi-family	6,377,344	54
	90			Non-performing	CRE office	8,933,212	39
	90			Non-performing	CRE Retail/Gas/C-store	21,225,541	97
	90			Non-performing	Church	1,948,054	3
	90			Non-performing	CRE Industrial	10,339,697	5
	90			Non-performing	CRE Other (mixed use)	229,384,105	731
	90			Non-performing	C&I SFR/ORE/Unsecured	6,198,233	151
	90			Non-performing	ADC	18,641,120	18
	90

	Total Pool 90	$	452,200,325			452,200,325	1,664


	Total Main PR	$	2,303,139,833


		Pool				Current		Number of
Loan Pool Description	Pool #	Totals		Status	Loan Type	Balance		Loans

	100-Optional

SFR	100			Performing	SFR - 1st lien		7,640,736		26
	100			Non-performing	SFR 1st, 2nd lien and other		725,510		4
	100			ORE	SFR		380,127		2

	Total Pool 100	$	8,746,374				8,746,374		30

	200-Optional
ADC and Land	200			Performing	ADC - Residential		27,857,847		3
	200			Performing	ADC - Commercial		370,076,426		96
	200			Performing	Land		11,600,000		2

	Total Pool 200	$	409,534,272				409,534,272		101


	300-Optional
CRE	300			Performing	CRE - Multi		149,484,417		27
	300			Performing	CRE office		15,314,913		4
	300			Performing	CRE Retail/Gas/C-store		1,971,122		1
	300			Performing	CRE Lodging		9,350,000		1
	300			Performing	CRE Industrial		28,704,685		1
	300			Performing	CRE Other		42,515,600		6
	300			ORE	CML		725,000		1

	Total Pool 300	$	248,065,738				248,065,738		41
	400-Optional
CRE Property Lending	400			Performing	CRE Other (mixed use)		319,902,462		40
CRE Property Lending
	Total Pool 400	$	319,902,462
	500-Optional
C&I	500			Performing	C&I Secured Business Assets		7,371,228		2
	500			Performing	C&I Secured by SFR		107,648		1
	500			Performing	C&I Secured by REO		49,238,053		3
	500			Performing	C&I unsecured		—		1
	500			Performing	C&I Other		247,904,026		257

	Total Pool 500	$	304,620,955				304,620,955		264

	Total U.S. Pools	$	1,290,869,800