Our Annual Report on Form 10-K for the year ended December 31, 2010 filed with the SEC on April 15, 2011

Exhibit 10.25

AGREEMENT REGARDING ADDITIONAL SHARES

October 11, 2011

Thomas H. Lee (Alternative) Fund VI, L.P.
THL FBC Equity Investors, L.P.
Thomas H. Lee (Alternative) Parallel Fund VI, L.P.
Thomas H. Lee (Alternative) Parallel (DT) Fund VI, L.P.
c/o Thomas H. Lee Partners, L.P.
100 Federal Street, 35^th Floor
Boston, MA 02110

Ladies and Gentlemen:

First BanCorp (the “Company”) has been informed that you are in the process of purchasing from persons to whom shares of the Company’s Common Stock (“Common Stock”) were issued at the Closing held on October 7, 2011, a total of 937,493 shares of Common Stock (the “Additional Shares”) as follows:

Purchaser		Shares
Thomas H. Lee (Alternative) Fund VI, L.P.			510,308
THL FBC Equity Investors, L.P.			21,271
Thomas H. Lee (Alternative) Parallel Fund VI, L.P.			345,553
Thomas H. Lee (Alternative) Parallel (DT) Fund VI, L.P.			60,361

The Company agrees that it will for all purposes treat the Additional Shares that each of you is purchasing as though you had purchased those Additional Shares under the Amended and Restated Investment Agreement dated as of July 14, 2011 between the Company and Thomas H. Lee (Alternative Fund) VI, L.P. (the “Investment Agreement”), either as a party to the Investment Agreement or as an assignee of rights and obligations of Thomas H. Lee (Alternative Fund) VI, L.P. under the Investment Agreement. Without limiting what is said in the preceding sentence, the Company Agrees that all the representations, warranties and covenants in the Investment Agreement will apply to the Additional Shares to the same extent that they apply to the Acquired Common Stock that is described in the Investment Agreement.

Very truly yours,
FIRST BANCORP
By:		/s/ Lawrence Odell   Lawrence Odell
		Executive Vice President