0000950144-06-010605 Sample Contracts

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. Aurelio Emanuelli (the “Employee”).

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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 January 31, 2005, between Westernbank Puerto Rico (the “Bank”) and Ms. Yolanda S. Vicens Martínez (the “Employee”).

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”).

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”).

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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