Corporate and Public Finance Representative Matters

Acted as Bond Counsel in the $1.4 billion Government Development Bank for Puerto Rico, 2009 Series C and 2009 Series D, public offering of senior notes, which closed on December 30, 2009 and January 8, 2010, respectively. The notes are general, unsecured, senior obligations of the Bank.

The Bank is a public instrumentality of the Commonwealth of Puerto Rico. Its principal function is to act as fiscal agent, financial advisor and lender to the Commonwealth, its agencies, public corporations and instrumentalities. As fiscal agent and financial advisor, it acts as advisor to the Commonwealth and its instrumentalities in connection with all their borrowings.

The corporate team for this transaction included capital members Iván G. Marrero and Juan Carlos Méndez, and associate Magda M. Boyles.

Acted as counsel for the underwriters in the $152 million Puerto Rico Public Building Authority's Government Facilitites Revenue Refunding Bonds, Series Q, guaranteed by the Commonwealth of Puerto Rico. The lead underwriters in this transaction were Merrill Lynch, Pierce, Fenner & Smith, Incorporated, and Samuel A. Ramirez & Co., Inc.

The Authority is a public instrumentality of the Commonwealth of Puerto Rico. Its primary functions are to design and construct office buildings, quarters, courts, warehouses, shops, schools, health facilities, social welfare facilities and related facilities for lease to the Commonwealth or any of its departments, agencies, instrumentalities or municipalities.

The corporate team for these transactions included capital members Iván G. Marrero and Samuel T. Céspedes, and associates Magda M. Boyles and Hugh González-Robison.

Acted as counsel for the underwriters in the $331 million Puerto Rico Public Building Authority's Government Facilitites Revenue Refunding Bonds, Series P, guaranteed by the Commonwealth of Puerto Rico, and as counsel for the remarketing agents in the conversion and remarketing of $50 million principal amount of the Authority's outstanding Government Facilities Revenue Refunding Bonds, Series K. The lead underwriters and remarketing agents in these transactions were Merrill Lynch, Pierce, Fenner & Smith, Incorporated, and Samuel A. Ramirez & Co., Inc.

The Authority is a public instrumentality of the Commonwealth of Puerto Rico. Its primary functions are to design and construct office buildings, quarters, courts, warehouses, shops, schools, health facilities, social welfare facilities and related facilities for lease to the Commonwealth or any of its departments, agencies, instrumentalities or municipalities.

The corporate team for these transactions included capital members Samuel T. Céspedes, Jr. and Iván G. Marrero, and associates Magda M. Boyles and Hugh González-Robison.

Advised Oriental Bank and Trust on its offering of $105 million principal amount of 2.750% senior notes due March 16, 2012. The notes are guaranteed under the FDIC's Temporary Liquidity Guarantee Program. The sole book-running manager of the offering was Citigroup Global Markets Inc.

Oriental Bank and Trust, a commercial bank organized under the laws of the Commonwealth of Puerto Rico and a wholly-owned subsidiary of Oriental Financial Group Inc. (NYSE: OFG), operates 23 financial centers in Puerto Rico through which it offers a broad range of financial products and services to retail and institutional clients.

The corporate and tax team included capital members Iván G. Marrero and Juan Carlos Méndez, and associate Hugh González-Robison.