First BanCorp. Watch

from 8-K/A 12 pages Professional Services Agreement

from 10-K 3 pages Material contract

from 10-Q 7 pages Material contract

from 10-K 4 pages Material contract

from 10-Q 7 pages Material contract

from 10-K 4 pages Material contract

from 10-Q 2 pages Material contract

from 8-K 5 pages March 31, 2021 Patricia M. Eaves [Intentionally Ommited] Dear Mrs. Eaves

from 8-K 4 pages The Board of Directors (The “Board”) of First Bancorp (The “Corporation”), the Bank Holding Company of Firstbank Puerto Rico (The “Bank”), Is Pleased to Offer You the Position as a Director of the Board of the Corporation and the Bank. Your Service as a Director of the Corporation and the Bank Shall Be Effective as of October 30, 2020 (The “Effective Date”), the Date of Effectiveness of This Offer Letter (The “Offer Letter”). the Following Are the Detailed Terms of This Offer Letter: 1. Position/Services

from 8-K 5 pages January 24, 2019 Tracey Dedrick [Intentionally Omitted] Dear Mrs. Dedrick

from 8-K 5 pages August 29, 2018 Daniel E. Frye [Intentionally Omitted] Dear Mr. Frye

from 10-Q 9 pages Employment Agreement

from 10-Q 4 pages Form of First Bancorp Long-Term Incentive Award Agreement

from 10-Q 2 pages ☐ 2018 - $300,000 ☐ 2019 - $200,000 ☐ 2020 - $100,000

from 8-K ~5 pages October 27, 2017 John A. Heffern [Address] Dear Mr. Heffern

from 10-Q 52 pages Purchase and Assumption Agreement Between Banco Popular De Puerto Rico (“Seller”) and Firstbank Puerto Rico

from 8-K ~5 pages February 9, 2015 Luz A. Crespo [Address Omitted] Dear Ms. Crespo

from 10-Q 2 pages On September 29, 2014, Upon the Recommendation of the Compensation & Benefits Committee, the Board of Directors of First Bancorp (The “Corporation”) Approved the Following Revised Compensation Structure for the Non- Management Chairman of the Board, Effective September 30, 2014. the Non-Management Chairman of the Board (Mr. Roberto R. Herencia) Is Entitled to Receive Total Compensation of $1.6 Million Per Year Comprised of the Following Three Components: · $400,000 Per Year in a Retainer Payable Monthly for His Services as the Non-Management Chairman of the Board, Including as Chairman of the Board of Directors of the Corporation’s Subsidiary Bank, Firstbank Puerto Rico. · $500,000 in a Restricted Stock Grant, Payable in September. Grant Would Have a One Year Vesting Period With Acceleration Upon a Change in Control. · Special Compensation of $700,000 (Consisting of $350,000 Payable in September and $350,000 Payable in March) O Payments Would Be to Compensate for Services for the Subsequent Six Months. O in the Event of Termination for Cause, or in the Event of Resignation, the Unvested Portion Would Be Repaid to the Corporation. O in the Event of a Change in Control or Other Separation Event, the Unvested Portion Would Become Vested. in Addition, the Board Approved a One Time Special Compensation of $150,000 Paid on September 30, 2014

from 8-K ~5 pages September 3, 2014 Juan Acosta Reboyras Address Omitted Dear Mr. Acosta Reboyras

from 8-K ~5 pages September 26, 2013 Mr. David I. Matson 55 Oso Trail Glen Ellen, Ca 95442 Dear Mr. Matson