EXHIBIT 10.16 




 





 


AMENDMENT TO
TECHNOLOGY OUTSOURCING AGREEMENT


 


            THIS
AMENDMENT
to the Technology Outsourcing Agreement dated January 26, 2007, as amended (the
"Agreement"), is dated as of this 30th day of October, 2013 (the
“Amendment Effective Date”) by and between OFG BANCORP (f/k/a Oriental
Financial Group Inc.), a  Puerto Rico corporation, and Metavante Corporation, a
Wisconsin corporation.  Capitalized terms used in this Amendment that are not
otherwise defined herein shall have the meanings ascribed thereto in the
Agreement.


 


      Effective
October 1, 2009, Metavante Corporation became a wholly owned subsidiary of
Fidelity National Information Services, Inc.  Any reference to “FIS” in any
documentation or materials related to the Agreement or this Amendment shall
mean a reference to Metavante Corporation.


 


            In
consideration of the mutual promises and covenants contained herein, the
parties agree to amend the Agreement as follows:


 


              1.              Amendment
to the Agreement.  
Subject to the terms and conditions of this Amendment, and pursuant to the terms
and conditions of the Agreement, Metavante and Customer do hereby agree as
follows:


                   a.   The
Initial Term of the Agreement is hereby extended through May 31, 2019.


                   b.   The
fees set forth on the pricing attachment, attached hereto, shall replace the
fees for the same or
                        similar
Services originally set forth in the Services and Charges Schedule to the
Agreement. 


 


              2.              Continuance of Agreement.  Except as amended hereby, the
terms and conditions of the Agreement shall remain in full force and effect. 
To the extent this Amendment alters, amends, or modifies the Agreement, this
Amendment shall take precedence over any conflicting provisions contained in
the Agreement.  


 


              3.              Counterparts.  This Amendment may be
executed in counterparts, each of which shall be an original, but such
counterparts together shall constitute but one document.


 


            IN
WITNESS WHEREOF, the parties hereto, through their
respective duly authorized officers or agents, have executed and delivered this
Amendment as of the Amendment Effective Date.


 


 


OFG
BANCORP (“Customer”)                                                           
METAVANTE CORPORATION (“Metavante”)


 


 


By:         
                 /s/ Ganesh Kumar                                                 By:           
                /s/ Donna DellaRocco                           .


 


 


Name     
                 Ganesh Kumar                                                     Name:    
                 Donna DellaRocco                                .


                                
(Print
Name)                                                                                       
(Print Name)


 


Title:      
                  10/31/2013                                                            Title:       
                 Contracts Manager 11/4/2013              .












 










 








 








 


Pricing
Attachment for OFG Bancorp


*The information in this attachment, which consists
of three pages, is intentionally omitted because confidential treatment has
been requested pursuant to Rule 24b-2 under the Securities Exchange Act of
1934, as amended.  Such information has been filed separately with the U.S.
Securities and Exchange Commission.