W Holding Co Inc Sample Contracts

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5,300,000 Shares Common Stock Par Value $1.00 Per Share UNDERWRITING AGREEMENT
Underwriting Agreement • August 21st, 2002 • W Holding Co Inc • State commercial banks • New York

UBS Warburg LLC Brean Murray & Co., Inc. Keefe, Bruyette & Woods, Inc. As Representatives of the Several Underwriters c/o UBS Warburg LLC 299 Park Avenue New York, New York 10171-0026

2,675,500 Shares W HOLDING COMPANY, INC. UNDERWRITING AGREEMENT December 16, 2004
Underwriting Agreement • December 17th, 2004 • W Holding Co Inc • State commercial banks • Puerto Rico

UBS FINANCIAL SERVICES INCORPORATED OF PUERTO RICO As lead underwriter and representative of the several Underwriters named in Schedule 1 American International Plaza, PH 250 Muñoz Rivera Avenue San Juan, Puerto Rico 00918

PAYMENT AGREEMENT IN THE EVENT OF A CHANGE OF CONTROL
Payment Agreement • October 3rd, 2007 • W Holding Co Inc • State commercial banks • Puerto Rico

This PAYMENT AGREEMENT IN THE EVENT OF A CHANGE OF CONTROL (the “Agreement”) to become effective on October 1, 2007, between W Holding Company, Inc. and Westernbank Puerto Rico (the “Company” and “Bank”) and Mr. Carlos Dávila (the “Employee”).

PAYMENT AGREEMENT IN THE EVENT OF A CHANGE OF CONTROL
Payment Agreement • March 16th, 2009 • W Holding Co Inc • State commercial banks • Puerto Rico

This PAYMENT AGREEMENT IN THE EVENT OF A CHANGE OF CONTROL (the “Agreement”) is dated January 28, 2009, between Westernbank Puerto Rico (the “Bank”) and Mr. Lidio Soriano (the “Employee”).

EMPLOYMENT AGREEMENT
Employment Agreement • October 3rd, 2007 • W Holding Co Inc • State commercial banks • Puerto Rico

EMPLOYMENT AGREEMENT dated September 5, 2007 (the “Agreement”) by and between Westernbank Puerto Rico, a bank organized and existing under the laws of the Commonwealth of Puerto Rico (the “Company”), W Holding Company, Inc., a corporation organized and existing under the laws of the Commonwealth of Puerto Rico and the financial holding company of the Company (the “Holding Company”), and Carlos Dávila (the “Executive”).

PAYMENT AGREEMENT IN THE EVENT OF A CHANGE OF CONTROL
Payment Agreement • November 9th, 2006 • W Holding Co Inc • State commercial banks • Puerto Rico

This PAYMENT AGREEMENT IN THE EVENT OF A CHANGE OF CONTROL (the “Agreement”) to become effective on August 7, 2006, between W Holding Company, Inc. and Westernbank Puerto Rico (the “Company” and “Bank”) and Mr. Rafael A. Somoza (the “Employee”).

BY AND AMONG
Plan of Merger and Reorganization • April 23rd, 1999 • W Holding Co Inc
PAYMENT AGREEMENT IN THE EVENT OF A CHANGE OF CONTROL
Payment Agreement • April 24th, 2006 • W Holding Co Inc • State commercial banks • Puerto Rico

This PAYMENT AGREEMENT IN THE EVENT OF A CHANGE OF CONTROL (the “Agreement”) is dated January 31, 2006 between W Holding Company, Inc. and Westernbank Puerto Rico (the “Company” and “Bank”) and Mr. Ricardo Cortina (the “Employee”).

PAYMENT AGREEMENT IN THE EVENT OF A CHANGE OF CONTROL
Payment Agreement • February 27th, 2007 • W Holding Co Inc • State commercial banks • Puerto Rico

This PAYMENT AGREEMENT IN THE EVENT OF A CHANGE OF CONTROL (the “Agreement”) to become effective on January 9, 2007, between W Holding Company, Inc. and Westernbank Puerto Rico (the “Company” and “Bank”) and Mr. Peter Lectora Soto (the “Employee”).

BY AND AMONG
Plan of Merger And • June 23rd, 1999 • W Holding Co Inc • State commercial banks
RELEASE
Release • April 11th, 2007 • W Holding Co Inc • State commercial banks

This agreement is being entered into by Westernbank Puerto Rico (hereinafter the “Bank”) and José M. Biaggi Landrón (hereinafter “Biaggi”) (jointly hereafter referred to as the “Parties”) agree as follows:

PAYMENT AGREEMENT IN THE EVENT OF A CHANGE OF CONTROL
Payment Agreement • November 9th, 2006 • W Holding Co Inc • State commercial banks • Puerto Rico

This PAYMENT AGREEMENT IN THE EVENT OF A CHANGE OF CONTROL (the “Agreement”) is dated December 16, 2005, between Westernbank Puerto Rico (the “Bank”) and Mrs. Rosemarie Santiago Salcedo, also known as Rosemarie Rodríguez (the “Employee”).

SEPARATION AGREEMENT AND GENERAL RELEASE
Separation Agreement and General Release • December 2nd, 2008 • W Holding Co Inc • State commercial banks • Puerto Rico

This Separation Agreement and General Release (this “Agreement”) is made and entered into this 21st day of November, 2008 by and between W Holding Company, Inc., and Westernbank Puerto Rico corporations (the “Company”), and José Armando Ramírez (“Ramírez”).

PAYMENT AGREEMENT IN THE EVENT OF A CHANGE OF CONTROL
Payment Agreement • November 9th, 2006 • W Holding Co Inc • State commercial banks • Puerto Rico

This PAYMENT AGREEMENT IN THE EVENT OF A CHANGE OF CONTROL (the “Agreement”) is dated March 15, 2004, between Westernbank Puerto Rico (the “Bank”) and Mr. Rubén Aponte (the “Employee”).

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