0000893220-09-000591 Sample Contracts

Re: Agreement and General Release
Agreement and General Release • March 17th, 2009 • Sovereign Bancorp Inc • Savings institution, federally chartered • Massachusetts

This Agreement and General Release (“Agreement and Release”) confirms our discussions regarding your employment with Sovereign Bancorp, Inc. (and/or its related entities, defined as “Sovereign”).

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February 11, 2009 Kirk Walters c/o Sovereign Bancorp, Inc. Re: Agreement and General Release Dear Kirk:
Employment Agreement • March 17th, 2009 • Sovereign Bancorp Inc • Savings institution, federally chartered • Massachusetts

This Agreement and General Release (“Agreement and Release”) confirms our discussions regarding your employment with Sovereign Bancorp, Inc. (and/or its related entities, defined as “Sovereign”).

AGREEMENT
Agreement • March 17th, 2009 • Sovereign Bancorp Inc • Savings institution, federally chartered • Massachusetts

THIS AGREEMENT (“Agreement”) made as of this 11th day of February, 2008, between SOVEREIGN BANK, a federal savings bank (the “Bank”), and Roy J. Lever, an individual (the “Officer”).

February 3, 2009
Employment Agreement • March 17th, 2009 • Sovereign Bancorp Inc • Savings institution, federally chartered • Massachusetts

This Agreement and General Release (“Agreement and Release”) confirms our discussions regarding your employment with Sovereign Bancorp, Inc. (and/or its related entities, defined as “Sovereign”).

AGREEMENT
Agreement • March 17th, 2009 • Sovereign Bancorp Inc • Savings institution, federally chartered • Massachusetts

THIS AGREEMENT (“Agreement”) made as of this 7th day of August, 2007, between SOVEREIGN BANK, a federal savings bank (the “Bank”), and SALVATORE J. RINALDI, an individual (the “Officer”).

AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • March 17th, 2009 • Sovereign Bancorp Inc • Savings institution, federally chartered

AGREEMENT made the 18th of September 2007, by and between SOVEREIGN BANCORP, INC., a Pennsylvania corporation (“SBI”), and SALVATORE J. RINALDI, an individual (the “Officer”).

AGREEMENT
Agreement • March 17th, 2009 • Sovereign Bancorp Inc • Savings institution, federally chartered • Massachusetts

THIS AGREEMENT (“Agreement”) made as of this 11th day of February, 2008, between SOVEREIGN BANK, a federal savings bank (the “Bank”), and Patrick J. Sullivan, an individual (the “Officer”).

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