INVESTMENT AGREEMENT DATED AS OF MAY 26, 2011 BETWEEN FIRST BANCORP AND THE INVESTORS NAMED ON THE SIGNATURE PAGES HERETOInvestment Agreement • June 2nd, 2011 • First Bancorp /Pr/ • State commercial banks • New York
This agreement (the “Agreement”) is dated as of May 26, 2011 among First BanCorp (the “Company”), a Puerto Rico chartered financial holding company, and each of the investors that have signed this Agreement (each an “Investor” and together, the “Investors”), relating to the sale by the Company to each of the Investors of the number of shares of common stock of the Company (“Common Stock”), par value $0.10 per share, shown opposite the name of each such Investor on the signature pages of this Agreement. Now, therefore, in consideration of the premises, and of the representations, warranties, covenants and agreements set forth herein, and intending to be legally bound, the parties hereby agree as follows:
