Common use of Long-Term Incentive Award – Performance Shares Clause in Contracts

Long-Term Incentive Award – Performance Shares. The Grantee is hereby granted the Performance Shares Award described below. The Grantee will earn a number of shares of the Corporation’s common stock based on the Corporation’s achievement of the Performance Goal at the end of the Performance Cycle. 2008-2010 Average Shares of Popular, Inc. 3-year RXX Common Stock Below threshold 0 Threshold 6,213 (50% of target) Target 12,426 Maximum 24,852 (200% of target) SECTION 4

Long-Term Incentive Award – Performance Shares. (a) The Grantee is hereby granted the Performance Shares Award described below. The Grantee will earn a number of shares of the Corporation’s common stock based on the Corporation’s achievement of the Performance Goal at the end of the Performance Cycle. 2008Cycle as follows: 2007-2010 2009 Average 3-year Shares of Popular, Inc. 3-year RXX Return on Equity (RXX) Common Stock Below threshold 12% 0 Threshold 6,213 (5012% of target) Target 12,426 Maximum 24,852 (2004,116 14% of target) SECTION 48,231 16% 16,462

Long-Term Incentive Award – Performance Shares. (a) The Grantee is hereby granted the Performance Shares Award described below. The Grantee will earn a number of shares of the Corporation’s common stock based on the Corporation’s achievement of the Performance Goal at the end of the Performance Cycle. 2008Cycle as follows: 2007-2010 2009 Average 3-year Shares of Popular, Inc. 3-year RXX Return on Equity (RXX) Common Stock Below threshold 12% 0 Threshold 6,213 (5012 % of target) Target 12,426 Maximum 24,852 (2004,116 14 % of target) SECTION 48,231 16 % 16,462

Long-Term Incentive Award – Performance Shares. (a) The Grantee is hereby granted the Performance Shares Award described below. The Grantee will earn a number of shares of the Corporation’s common stock based on the Corporation’s achievement of the Performance Goal at the end of the Performance Cycle. 2008Cycle as follows: 2007-2010 2009 Average 3-year Shares of Popular, Inc. 3-year RXX Return on Equity (RXX) Common Stock Below threshold 12% 0 Threshold 6,213 (5012% of target) Target 12,426 Maximum 24,852 (2007,545 14% of target) SECTION 415,090 16% 30,180

Long-Term Incentive Award – Performance Shares. The Grantee is hereby granted the Performance Shares Award described below. The Grantee will earn a number of shares of the Corporation’s common stock based on the Corporation’s achievement of the Performance Goal at the end of the Performance Cycle. 2008-2010 Average Shares of Popular, Inc. 3-year RXX Common Stock Below threshold 0 Threshold 6,213 14,740 (50% of target) Target 12,426 29,480 Maximum 24,852 58,960 (200% of target) SECTION 4

Long-Term Incentive Award – Performance Shares. The Grantee is hereby granted the Performance Shares Award described below. The Grantee will earn a number of shares of the Corporation’s common stock based on the Corporation’s achievement of the Performance Goal at the end of the Performance Cycle. 2008-2010 Average Shares of Popular, Inc. 3-year RXX Common Stock Below threshold 0 Threshold 6,213 5,283 (50% of target) Target 12,426 10,566 Maximum 24,852 21,133 (200% of target) SECTION 4

Long-Term Incentive Award – Performance Shares. The Grantee is hereby granted the Performance Shares Award described below. The Grantee will earn a number of shares of the Corporation’s common stock based on the Corporation’s achievement of the Performance Goal at the end of the Performance Cycle. 2008-2010 Average Shares of Popular, Inc. 3-year RXX Common Stock Below threshold 0 Threshold 6,213 11,391 (50% of target) Target 12,426 22,781 Maximum 24,852 45,562 (200% of target) SECTION 4

Long-Term Incentive Award – Performance Shares. (a) The Grantee is hereby granted the Performance Shares Award described below. The Grantee will earn a number of shares of the Corporation’s common stock based on the Corporation’s achievement of the Performance Goal at the end of the Performance Cycle. 2008Cycle as follows: 2007-2010 2009 Average 3-year Shares of Popular, Inc. 3-year RXX Return on Equity (RXX) Common Stock Below threshold 12% 0 Threshold 6,213 (5012% of target) Target 12,426 Maximum 24,852 (2006,859 14% of target) SECTION 413,718 16% 27,436

Long-Term Incentive Award – Performance Shares. The Grantee is hereby granted the Performance Shares Award described below. The Grantee will earn a number of shares of the Corporation’s common stock based on the Corporation’s achievement of the Performance Goal at the end of the Performance Cycle. 2008-2010 Average Shares of Popular, Inc. 3-year RXX Common Stock Below threshold 0 Threshold 6,213 31,344 (50% of target) Target 12,426 62,688 Maximum 24,852 125,376 (200% of target) SECTION 4

Long-Term Incentive Award – Performance Shares. The Grantee is hereby granted the Performance Shares Award described below. The Grantee will earn a number of shares of the Corporation’s common stock based on the Corporation’s achievement of the Performance Goal at the end of the Performance Cycle. 2008-2010 Average Shares of Popular, Inc. 3-year RXX Common Stock Below threshold 0 Threshold 6,213 10,355 (50% of target) Target 12,426 20,710 Maximum 24,852 41,420 (200% of target) SECTION 4

Long-Term Incentive Award – Performance Shares. (a) The Grantee is hereby granted the Performance Shares Award described below. The Grantee will earn a number of shares of the Corporation’s common stock based on the Corporation’s achievement of the Performance Goal at the end of the Performance Cycle. 2008Cycle as follows: 2007-2010 2009 Average 3-year Shares of Popular, Inc. 3-year RXX Return on Equity (RXX) Common Stock Below threshold 12% 0 Threshold 6,213 (5012% of target) Target 12,426 Maximum 24,852 (2004,459 14% of target) SECTION 48,917 16% 17,834