Document:

<PAGE>

                                                                   Exhibit 10.12

                              MANAGEMENT AGREEMENT

         AGREEMENT, effective as of the 23rd day of January 2002 by and between
SL Industries, Inc. (the "Company"), a Delaware corporation having an office at
520 Fellowship Road, Suite A-114, Mt. Laurel, NJ 08054 and Steel Partners, Ltd.
("SPL"), a Delaware corporation having an office at 150 East 52nd Street, New
York, NY 10022.

                                  W I T N E S S

         WHEREAS, the Company desires to have SPL furnish certain management
advisory and consulting services to the Company, and SPL has agreed to furnish
such management advisory and consulting services, pursuant to the terms and
conditions hereinafter set forth; and

         WHEREAS, this Agreement has been approved by a majority of the
disinterested directors of the Company.

         NOW, THEREFORE, the parties hereto, intending to be legally bound
hereby agree as follows:

         Section 1.        Engagement of SPL.

         1.01              During the term of this Agreement, SPL shall provide
to the Company such management advisory and consulting services (the
"Services"), as more fully described and defined below, as may be necessary or
desirable or as may be reasonably requested or required, in connection with the
business, operations and affairs, both ordinary and extraordinary, of the
Company and its subsidiaries and affiliates. "Services" means and includes,
without limitation, the furnishing of office space, advice, assistance and
guidance, and personnel to implement the same in connection with, among others,
executive, administrative, financial, managerial, operational, supervisory and
related matters. In connection with such Services and subject to the approval of
the Company's Board of Directors, SPL will provide the services of (a) Warren
Lichtenstein or such other suitable officer and employee to serve as Chief
Executive Officer of the Company and (b) Glen Kassan or such other suitable
officer and employee of SPL to serve as President of the Company or such other
executive position as SPL may provide from time to time.

                           In performing Services, SPL shall be subject to the
supervision and control of the Board of Directors of the Company. In no event
shall SPL incur an obligation or enter into any transaction on behalf of the
Company involving in excess of $250,000, without the prior approval of the Board
of Directors of the Company.

         1.02              While the amount of time and personnel required for
performance by SPL hereunder will necessarily vary depending upon the nature and
type of Services, SPL shall devote such time and effort and make available such
personnel as may from time to time reasonably be required for the performance of
Services hereunder.

                                      F-55
<PAGE>

         Section 2.        Term. This Agreement shall commence effective as
of January 23, 2002, shall continue through December 31, 2002, and shall
automatically renew for successive one year periods unless and until terminated
by either party, at any time and for any reason, upon not less than sixty (60)
days written notice to the other prior to the end of the year. If an involuntary
or voluntary case or proceeding is commenced against or by the Company under the
United States Bankruptcy Code, as amended, or any similar federal or state
statutes, either party hereto may terminate this Agreement upon thirty (30) days
prior written notice to the other.

         Section 3.        Payments to SPL.

         3.01              In consideration of Services furnished by SPL
hereunder, the Company shall pay to SPL a fixed monthly fee as set forth in
Section 3.02, which shall be adjustable annually upon agreement by the parties.
In addition, the Company shall reimburse SPL for certain expenses, including
legal and consulting fees, incurred on behalf of the Company, as well as all
reasonable and necessary business expenses, other than any costs incurred by
Warren Lichtenstein, Glen Kassan and/or any other employee of SPL in the use of
an airplane leased by any affiliate of SPL, incurred in performance of Services.

         3.02              The Company shall pay SPL with respect to Services
(a) performed in 2002, $400,000, with such payment to be made within three (3)
business days after the earliest of the repayment of (i) any subordinated debt
issued by the Company as part of the refinancing of the Company's debt that is
due and payable on December 31, 2002, or (ii) the refinancing of the Company's
debt that is due and payable on December 31, 2002 and is refinanced without the
issuance of any subordinated debt, and (b) performed in 2003 and thereafter, a
fixed monthly fee of $39,583.33 ($475,000 annually) in advance on the first day
of each month.

         Section 4.        Indemnity. The Company shall defend, indemnify,
save and hold harmless SPL from and against any obligation, liability, cost or
damage resulting from SPL's actions under the terms of this Agreement, except to
the extent occasioned by gross negligence or willful misconduct of SPL's
officers, directors or employees. The Company's obligation to indemnify SPS
hereunder shall extend to and inure to the benefit of SPL's officers, directors,
employees and consultants.

         Section 5.        Confidential Information. SPL shall not at any time
during or following the termination or expiration, for any reason, of this
Agreement directly or indirectly, disclose, publish or divulge to any person
(except where necessary in connection with the furnishing of Services under this
Agreement), appropriate or use, or cause or permit any other person to
appropriate or use, any of the Company's inventions, discoveries, improvements,
trade secrets, copyrights or other proprietary, secret or confidential
information not then publicly available.

         Section 6.        General.

         6.01              This Agreement constitutes the entire Agreement of
the parties with respect to the transactions contemplated hereby and may not be
modified, amended, altered or supplemented, except upon the execution and
delivery of a written agreement executed by the parties hereto.

         6.02              All notices, requests, demands and other
communications required or permitted under this Agreement shall be in writing
and shall be deemed to have been duly given if personally delivered or mailed by
regular first-class mail, in each case, however, only against receipt, or if
mailed by first class registered or certified mail, return receipt requested.

                                      F-56
<PAGE>

         6.03              This Agreement shall be construed under the laws of
the state of New York and the parties hereby submit to the personal jurisdiction
of any federal or state court located therein, and agree that jurisdiction shall
rest exclusively therein, without giving effect to the principles of conflict of
laws.

                           IN WITNESS WHEREOF, the parties have duly executed
this Agreement as of the date first written.

                                            Steel Partners, Ltd.

                                            By: ____________________________

                                            SL Industries, Inc.

                                            By: ____________________________

                                      F-57CERTIFICATE OF DESIGNATION
OF

6.75% PERPETUALPREFERRED STOCK

OF

BANK OF AMERICA CORPORATION

(Pursuant to Section 151 of the Delaware Corporation Law)

           Bank of
America Corporation, a corporation organized and existing under the General
Corporation Law of the State of Delaware (the "Corporation"), hereby certifies
that the following resolutions were adopted by the Board of Directors of
the Corporation (the "Board of Directors") pursuant to the authority of
the Board of Directors as required by Section 151 of the General Corporation
Law of the State of Delaware, at a meeting duly convened and held on January
28, 2004:

           RESOLVED,
that pursuant to the authority granted to and vested in the Board of Directors
in accordance with the provisions of the Amended and Restated Certificate
of Incorporation of the Corporation, the Board of Directors hereby creates
a series of the Corporation's previously authorized preferred stock, without
par value (the "Preferred Stock") and hereby states the designation and
number thereof and fixes the voting powers, preferences and relative, participating,
optional and other special rights, and the qualifications, limitations
and restrictions thereof, as follows:

          (a)  Designation.
The designation of the series of Preferred Stock shall be "6.75% Perpetual
Preferred Stock" (hereinafter called this "Series") and the number of shares
constituting this Series is Six Hundred Ninety Thousand (690,000).

           (b) 
Dividend Rate.

          (1)  
The holders of shares of this Series shall be entitled to receive dividends
thereon at a rate of 6.75% per annum computed on the basis of an issue
price thereof of $250 per share, and no more, payable quarterly out of
the funds of the Corporation legally available for the payment of dividends.
Such dividends shall be cumulative from the date of original issue of such
shares and shall be payable, when, as and if declared by the Board, on
January 15, April 15, July 15 and October 15 of each year, commencing April
15, 2004 (a "Dividend Payment Date"). Each such dividend shall be paid
to the holders of record of shares of this Series as they appear on the
stock register of the Corporation on such record date, not exceeding 30
days preceding the payment date thereof, as shall be fixed by the Board.
Dividends on account of arrears for any past quarters may be declared and
paid at any time, without reference to any regular dividend payment date,
to holders of record on such date, not exceeding 45 days preceding the
payment date thereof, as may be fixed by the Board.

        (2)  
If one or more amendments to the Internal Revenue Code of 1986, as amended
(the "Code"), are enacted that change the percentage of the dividends received
deduction (currently 70%) as specified in Section 243(a)(1) of the Code
or any successor provision (the "Dividends Received Percentage"), the amount
of each dividend payable per share of this Series for dividend payments
made on or after the date of enactment of such change shall be adjusted
by multiplying the amount of the dividend payable determined as described
above (before adjustment) by a factor which shall be the number determined
in accordance with the following formula (the "DRD Formula"), and rounding
the result to the nearest cent:
                                                        
1 - .35(1 - .70)/1 - .35(1 - DRP)

         For the purposes
of the DRD Formula, "DRP" means the Dividends Received Percentage applicable
to the dividend in question. No amendment to the Code, other than a change
in the percentage of the dividends received deduction set forth in Section
243(a)(1) of the Code or any successor provision, will give rise to an
adjustment. Notwithstanding the foregoing provisions, in the event that,
with respect to any such amendment, the Corporation shall receive either
an unqualified opinion of independent recognized tax counsel or a private
letter ruling or similar form of authorization from the Internal Revenue
Service to the effect that such an amendment would not apply to dividends
payable on shares of this Series, then any such amendment shall not result
in the adjustment provided for pursuant to the DRD Formula. The Corporation's
calculation of the dividends payable as so adjusted and as certified accurate
as to calculation and reasonable as to method by the independent certified
public accountants then regularly engaged by the Corporation shall be final
and not subject to review.
 

          If any amendment
to the Code which reduces the Dividends Received Percentage is enacted
after a dividend payable on a Dividend Payment Date has been declared,
the amount of dividend payable on such Dividend Payment Date will not be
increased; but instead, an amount, equal to the excess of (x) the product
of the dividends paid by the Corporation on such Dividend Payment Date
and the DRD Formula (where the DRP used in the DRD Formula would be equal
to the reduced Dividends Received Percentage) and (y) the dividends paid
by the Corporation on such Dividend Payment Date, will be payable to holders
of record on the next succeeding Dividend Payment Date in addition to any
other amounts payable on such date.
         (3)   No
full dividends shall be declared or paid or set apart for payment on the
Preferred Stock of any series ranking, as to dividends, on a parity with
or junior to this Series for any period unless full cumulative dividends
have been or contemporaneously are declared and paid or declared and a
sum sufficient for the payment thereof set apart for such payment on this
Series for all dividend payment periods terminating on or prior to the
date of payment of such full cumulative dividends. When dividends are not
paid in full, as aforesaid, upon the shares of this Series and any other
preferred stock ranking on a parity as to dividends with this Series, all
dividends declared upon shares of this Series

                                                                                         
2

and any other class or series of preferred stock of the Corporation
ranking on a parity as to dividends with this Series shall be declared
pro rata so that the amount of dividends declared per share on this Series
and such other preferred stock shall in all cases bear to each other the
same ratio that accrued dividends per share on the shares of this Series
and such other preferred stock bear to each other. Holders of shares of
this Series shall not be entitled to any dividend, whether payable in cash,
property or stocks, in excess of full cumulative dividends, as herein provided,
on this Series. No interest, or sum of money in lieu of interest, shall
be payable in respect of any dividend payment or payments on this Series
which may be in arrears.
           (4)  
So long as any shares of this Series are outstanding, no dividend (other
than a dividend in Common Stock or in any other stock ranking junior to
this Series as to dividends and upon liquidation and other than as provided
in subsection (3) of this Section (b)) shall be declared or paid or set
aside for payment or other distribution declared or made upon the Common
Stock or upon any other stock ranking junior to or on a parity with this
Series as to dividends or upon liquidation, nor shall any Common Stock
nor any other stock of the Corporation ranking junior to or on a parity
with this Series as to dividends or upon liquidation be redeemed, purchased
or otherwise acquired for any consideration (or any moneys be paid to or
made available for a sinking fund for the redemption of any shares of any
such stock) by the Corporation (except by conversion into or exchange for
stock of the Corporation ranking junior to this Series as to dividends
and upon liquidation) unless, in each case, the full cumulative dividends
on all outstanding shares of this Series shall have been paid for all past
dividend payment periods.

          (5)  Dividends
payable on this Series for any period shall be computed on the basis of
a 360-day year consisting of twelve 30-day months.

(c)   Redemption.

         (1) (A)  The shares
of this Series shall not be redeemable prior to April 15, 2006. On and
after April 15, 2006, the Corporation, at its option, may redeem shares
of this Series, in whole or in part, at any time or from time to time,
at a redemption price of $250 per share, plus accrued and unpaid dividends
thereon to the date fixed for redemption.

             
(B)  In the event that fewer than all the outstanding shares of this
Series are to be redeemed pursuant to subsection (1)(A), the number of
shares to be redeemed shall be determined by the Board and the shares to
be redeemed shall be determined by lot or pro rata as may be determined
by the Board or by any other method as may be determined by the Board in
its sole discretion to be equitable.

          (2) (A) 
Notwithstanding subsection (1) above, if the Dividends Received Percentage
is equal to or less than 40% and, as a result, the amount of dividends
on the shares of this Series payable on any Dividend Payment Date will
be or is adjusted upwards as described in Section (b)(2) above, the Corporation,
at its option, may redeem all, but not less than all, of the outstanding
shares of this Series; provided, that within sixty days of the date on
which an amendment to the Code is enacted which reduces the

                                                                                     
3

Dividends Received Percentage to 40% or less, the Corporation sends
notice to holders of shares of this Series of such redemption in accordance
with subsection (3) below.
              
(B)  Any redemption of the Perpetual Preferred Stock in accordance
with this subsection (2) shall be at the applicable redemption price set
forth in the following table, in each case plus accrued and unpaid dividends
(whether or not declared) thereon to the date fixed for redemption, including
any changes in dividends payable due to changes in the Dividends Received
Percentage.

 

	Redemption Period	
Redemption Price Per Share
	
Redemption Price Per Depositary Share

	April 2, 2004 to April 14, 2004 	
253.75
	
50.75

	April 15, 2004 to April 14, 2005 	
252.50
	
50.50

	April 15, 2005 to April 14, 2006 	
251.25
	
50.25

	On or after April 15, 2006 	
250.00
	
50.00

 

           (3) 
In the event the Corporation shall redeem shares of this Series pursuant
to subsections (1) or (2) above, notice of such redemption shall be given
by first class mail, postage prepaid, mailed not less than 30 nor more
than 60 days prior to the redemption date, to each holder of record of
the shares to be redeemed, at such holder's address as the same appears
on the stock register of the Corporation. Each such notice shall state:
(i) the redemption date; (ii) the number of shares of this Series to be
redeemed and, if fewer than all the shares held by such holder are to be
redeemed, the number of such shares to be redeemed from such holder; (iii)
the redemption price; (iv) the place or places where certificates for such
shares are to be surrendered for payment of the redemption price; and (v)
that dividends on the shares to be redeemed will cease to accrue on such
redemption date.

          
(4)  Notice having been mailed as aforesaid, from and after the redemption
date (unless default shall be made by the Corporation in providing money
for the payment of the redemption price) dividends on the shares of this
Series so called for redemption under either subsection (1) or (2) above
shall cease to accrue, and said shares shall no longer be deemed to be
outstanding, and all rights of the holders thereof as stockholders of the
Corporation (except the right to receive from the Corporation the redemption
price) shall cease. Upon surrender in accordance with said notice of the
certificates for any shares so redeemed (properly endorsed or assigned
for transfer, if the Board shall so require and the notice shall so state),
such shares shall be redeemed by the Corporation at the applicable redemption
price. In case fewer than all the shares represented by any such certificate
are redeemed, a new certificate shall be issued representing the unredeemed
shares without cost to the holder thereof.
         (5)  Notwithstanding
the foregoing provisions of this Section (c), if any dividends on this
Series are in arrears, no shares of this Series shall be redeemed unless
all outstanding shares of this Series are simultaneously redeemed, and
the Corporation shall not purchase or otherwise acquire any shares of this
Series; provided, however, that the foregoing shall not prevent the purchase
or acquisition of shares of this Series pursuant to

                                                                             
4

 
a purchase or exchange offer made on the same terms to holders of all
outstanding shares of this Series.

(d)   Liquidation Rights.

         (1)  Upon the
dissolution, liquidation or winding up of the Corporation, the holders
of the shares of this Series shall be entitled to receive and be paid out
of the assets of the Corporation available for distribution to its stockholders,
before any payment or distribution shall be made on the Common Stock or
on any other class of stock ranking junior to the shares of this Series
upon liquidation, the amount of $250 per share, plus a sum equal to all
dividends (whether or not earned or declared) on such shares accrued and
unpaid thereon to the date of final distribution.

         (2)  Neither the
sale of all or substantially all the property or business of the Corporation
nor the merger or consolidation of the Corporation into or with any other
corporation or the merger or consolidation of any other corporation into
or with the Corporation, shall be deemed to be a dissolution, liquidation
or winding up, voluntary or involuntary, for the purposes of this Section
(d).

       (3)  After the payment to
the holders of the shares of this Series of the full preferential amounts
provided for in this Section (d), the holders of this Series as such shall
have no right or claim to any of the remaining assets of the Corporation.

       (4)  In the event the assets
of the Corporation available for distribution to the holders of shares
of this Series upon any dissolution, liquidation or winding up of the Corporation,
whether voluntary or involuntary, shall be insufficient to pay in full
all amounts to which such holders are entitled pursuant to paragraph (1)
of this Section (d), no such distribution shall be made on account of any
shares of any other class or series of Preferred Stock ranking on a parity
with the shares of this Series upon such dissolution, liquidation or winding
up unless proportionate distributive amounts shall be paid on account of
the shares of this Series, ratably, in proportion to the full distributable
amounts for which holders of all such parity shares are respectively entitled
upon such dissolution, liquidation or winding up.

(e)   Conversion or Exchange.  The holders of
shares of this Series shall not have any rights herein to convert such
shares into or exchange such shares for shares of any other class or classes
or of any other series of any class or classes of capital stock of the
Corporation.

(f)   Voting. The shares of this Series shall
not have any voting powers, either general or special, except that:

          (1)  
Unless the vote or consent of the holders of a greater number of shares
shall then be required by law, the consent of the holders of at least 66
2/3% of all of the shares of this Series at the time outstanding, given
in person or by proxy, either in writing or by a vote at a meeting called
for the purpose at which the holders of shares of this Series shall vote
together as a separate class, shall be necessary for authorizing, effecting
or validating the amendment, alteration or repeal of any of the provisions
of the

                                                                             
5

Corporation's Amended and Restated Certificate of Incorporation
or of any certificate amendatory thereof or supplemental thereto (including
any Certificate of the Voting Powers, Designations, Preferences and Relative,
Participating, Optional or Other Special Rights, and the Qualifications,
Limitations or Restrictions thereof, or any similar document relating to
any series of Preferred Stock) which would adversely affect the preferences,
rights, powers or privileges of this Series;

         (2) 
Unless the vote or consent of the holders of a greater number of shares
shall then be required by law, the consent of the holders of at least 66
2/3% of all of the shares of this Series and all other series of Preferred
Stock ranking on a parity with shares of this Series, either as to dividends
or upon liquidation, at the time outstanding, given in person or by proxy,
either in writing or by a vote at a meeting called for the purpose at which
the holders of shares of this Series and such other series of Preferred
Stock shall vote together as a single class without regard to series, shall
be necessary for authorizing, effecting, increasing or validating the creation,
authorization or issue of any shares of any class of stock of the Corporation
ranking prior to the shares of this Series as to dividends or upon liquidation,
or the reclassification of any authorized stock of the Corporation into
any such prior shares, or the creation, authorization or issue of any obligation
or security convertible, into or evidencing the right to purchase any such
prior shares.

         (3) 
If, at the time of any annual meeting of stockholders for the election
of directors, a default in preference dividends on any series of the Preferred
Stock or any other class or series of preferred stock of the Corporation
(other than any other class or series of the Corporation's preferred stock
expressly entitled to elect additional directors to the Board by a vote
separate and distinct from the vote provided for in this paragraph (3)
("Voting Preferred")) shall exist, the number of directors constituting
the Board shall be increased by two (without duplication of any increase
made pursuant to the terms of any other class or series of the Corporation's
preferred stock other than any Voting Preferred) and the holders of the
Corporation's preferred stock of all classes and series (other than any
such Voting Preferred) shall have the right at such meeting, voting together
as a single class without regard to class or series, to the exclusion of
the holders of Common Stock and the Voting Preferred, to elect two directors
of the Corporation to fill such newly created directorships. Such right
shall continue until there are no dividends in arrears upon shares of any
class or series of the Corporation's preferred stock ranking prior to or
on a parity with shares of this Series as to dividends (other than any
Voting Preferred). Each director elected by the holders of shares of any
series of the Preferred Stock or any other class or series of the Corporation's
preferred stock in an election provided for by this paragraph (3) (herein
called a "Preferred Director") shall continue to serve as such director
for the full term for which he shall have been elected, notwithstanding
that prior to the end of such term a default in preference dividends shall
cease to exist. Any Preferred Director may be removed by, and shall not
be removed except by, the vote of the holders of record of the outstanding
shares of the Corporation's preferred stock entitled to have originally
voted for such director's election, voting together as a single class without
regard to class or series, at a meeting of the stockholders, or of the
holders of shares of the Corporation's preferred stock, called for that
purpose. So long as a default in any preference dividends on any series
of the Preferred Stock or any other class or series of preferred stock
of the Corporation shall

                                                                             
6

exist (other than any Voting Preferred) (A) any vacancy in
the office of a Preferred Director may be filled (except as provided in
the following clause (B)) by an instrument in writing signed by the remaining
Preferred Director and filed with the Corporation and (B) in the case of
the removal of any Preferred Director, the vacancy may be filled by the
vote of the holders of the outstanding shares of the Corporation's preferred
stock entitled to have originally voted for the removed director's election,
voting together as a single class without regard to class or series, at
the same meeting at which such removal shall be voted. Each director appointed
as aforesaid shall be deemed for all purposes hereto to be a Preferred
Director.

         Whenever the
term of office of the Preferred Directors shall end and a default in preference
dividends shall no longer exist, the number of directors constituting the
Board shall be reduced by two. For purposes hereof, a "default in preference
dividends" on any series of the Preferred Stock or any other class or series
of preferred stock of the Corporation shall be deemed to have occurred
whenever the amount of accrued dividends upon such class or series of the
Corporation's preferred stock shall be equivalent to six full quarterly
dividends or more, and, having so occurred, such default shall be deemed
to exist thereafter until, but only until, all accrued dividends on all
such shares of the Corporation's preferred stock of each and every series
then outstanding (other than any Voting Preferred or shares of any class
or series ranking junior to shares of this Series as to dividends) shall
have been paid to the end of the last preceding quarterly dividend period.

          (4) 
Without limiting the foregoing, under any circumstances in which the Series
would have additional rights under Rhode Island law if the Corporation
were incorporated under the Rhode Island Business Corporation Act (rather
than the Delaware General Corporation Law), holders of shares of the Series
shall be entitled to such rights, including, without limitation, voting
rights under Chapter 7-1.1-55, voting and notice rights under Chapter 7-1.1-67
and dissenters' rights under Chapters 7-1.1-73 and 7-1.1-74 of the Rhode
Island Business Corporation Act (as such Chapters may be amended from time
to time).

          (g)  Reacquired
Shares. Shares of this Series which have been issued and reacquired
through redemption or purchase shall, upon compliance with an applicable
provision of the Delaware General Corporation Law, have the status of authorized
and unissued shares of Preferred Stock and may be reissued but only as
part of a new series of Preferred Stock to be created by resolution or
resolutions of the Board.
          (h)  Relation
to Existing Preferred Classes of Stock. Shares of this Series are equal
in rank and preference with all other series of the Preferred Stock (other
than the ESOP Convertible Preferred Stock, Series C) outstanding on the
date of original issue of the shares of this Series and are senior in rank
and preference to the Common Stock and the ESOP Convertible Preferred Stock,
Series C of the Corporation.

          (i)  Relation
to Other Preferred Classes of Stock. For purposes of this resolution,
any stock of any class or classes of the Corporation shall be deemed to
rank:

                                                                         
7

 

       (1)   prior
to the shares of this Series, either as to dividends or upon liquidation,
if the holders of such class or classes shall be entitled to the receipt
of dividends or of amounts distributable upon dissolution, liquidation
or winding up of the Corporation, as the case may be, in preference or
priority to the holders of shares of this Series;

       (2)   on a parity
with shares of this Series, either as to dividends or upon liquidation,
whether or not the dividend rates, dividend payment dates or redemption
or liquidation prices per share or sinking fund provisions, if any, be
different from those of this Series, if the holders of such stock shall
be entitled to the receipt of dividends or of amounts distributable upon
dissolution, liquidation or winding up of the Corporation, as the case
may be, in proportion to their respective dividend rates or liquidation
prices, without preference or priority, one over the other, as between
the holders of such stock and the holders of shares of this Series; and

       (3)   junior
to the shares of this Series, either as to dividends or upon liquidation,
if such class shall be Common Stock or if the holders of shares of this
Series shall be entitled to receipt of dividends or of amounts distributable
upon dissolution, liquidation or winding up of the Corporation, as the
case may be, in preference or priority to the holders of shares of such
class or classes.

                                                                                 
8

 

            IN WITNESS
WHEREOF, the Corporation has caused this Certificate of Designation to
be duly executed by James H. Hance, Jr., its Vice Chairman and Chief Financial
Officer, and attested to by Rachel R. Cummings, its Corporate Secretary,
and has caused the corporate seal to be affixed hereto, this 26th day of
March, 2004.
                                                                           
BANK OF AMERICA CORPORATION

                                                                                   
By: /s/ James H. Hance, Jr.

                                                                                         
Vice Chairman and Chief Financial Officer

 

ATTEST:

/s/ Rachel R. Cummings_

Corporate Secretary

(Corporate Seal)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00063-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00063-of-00352.parquet"}]]